MIRA
INFORM REPORT
|
Report Date : |
25.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRYSMIAN CABLES Y SISTEMAS SA |
|
|
|
|
Registered Office : |
Carretera C-15, Km 2. Poligono Masia Den Notari Vilanova
I La Geltru, 08800 |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Year of Incorporation : |
1984 |
|
|
|
|
Com. Reg. No.: |
A08958381 |
|
|
|
|
Legal Form : |
Public Subsidiary |
|
|
|
|
Line of Business : |
Manufacture and sale of cable including insulated low,
medium and high tension cable and fibre-optic cable |
|
|
|
|
No. of Employees : |
498 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ECONOMIC OVERVIEW - SPAIN
After almost 15 years of above average GDP growth, the
Spanish economy began to slow in late 2007 and entered into a recession in the
second quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth
trend, and by another 0.3% in 2010; GDP expanded 0.4% in 2011, before
contracting 1.4% in 2012. The economy has once again fallen into recession as
deleveraging in the private sector, fiscal consolidation, and continued high
unemployment weigh on domestic demand and investment, even as exports have
shown signs of resiliency. The unemployment rate rose from a low of about 8% in
2007 to 26.0% in 2012. The economic downturn has also hurt Spain's public
finances. The government budget deficit peaked at 11.2% of GDP in 2010 and the
process to reduce this imbalance has been slow despite the central government's
efforts to raise new tax revenue and cut spending. Spain reduced its budget
deficit to 9.4% of GDP in 2011, and roughly 7.4% of GDP in 2012, above the 6.3%
target negotiated between Spain and the EU. Although Spain''s large budget
deficit and poor economic growth prospects remain a source of concern for
foreign investors, the government''s ongoing efforts to cut spending and
introduce flexibility into the labor markets are intended to assuage these
concerns. The government is also taking steps to shore up the banking system,
namely by using up to $130 billion in EU funds to recapitalize struggling banks
exposed to the collapsed domestic construction and real estate sectors.
Source
: CIA
Company name and address
PRYSMIAN CABLES Y SISTEMAS SA
Carretera C-15, Km 2. Poligono Masia Den Notari Vilanova I
La Geltru, 08800 Spain
Tel: +(34) 938116000
Fax: +(34) 938116001
Web: www.prysmian.es
|
Employees: 498 Company Type: Public
Subsidiary |
Corporate Family: 138 companies
Ultimate Parent: Prysmian SpA
|
Incorporation Date: 1984 Auditor: Pricewaterhousecoopers
Auditores Sl |
|
Financials in: |
USD (Mil) |
|
|
|
|
Fiscal Year End: |
21-Feb-2013 |
|
Reporting
Currency: |
Euro |
|
Annual Sales: |
169.0 1 |
|
Net Income: |
0.0 |
|
Total Assets: |
252.3 |
Business Description
Manufacture and sale of cable including insulated low, medium and high tension cable and fibre-optic cable
Industry
Industry Metal
Products Manufacturing
ANZSIC 2006: 2149 - Other
Basic Non-Ferrous Metal Product Manufacturing
ISIC Rev 4: 2420 -
Manufacture of basic precious and other non-ferrous metals
NACE Rev 2: 2445 - Other
non-ferrous metal production
NAICS 2012: 331420 -
Copper Rolling, Drawing, Extruding, and Alloying
UK SIC 2007: 2445 - Other
non-ferrous metal production
US SIC 1987: 3357 -
Drawing and Insulating of Nonferrous Wire
Key Executives
|
Name |
Title |
|
Francesc Xavier Acin Jover |
President, Member Of The Board |
|
Javier Zorraquino Asunsolo |
General Manager, Member Of The Board, Secretary |
|
Alessandro Benuzzi |
Member Of The Board |
|
Jordi Calvo Rovira |
Member Of The Board |
|
Manel Mila Vidal |
Member Of The Board |
Registered No.(ESP): A08958381
1 - Profit & Loss
Item Exchange Rate: USD 1 = EUR 0.7754765
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7491046
Location
Carretera C-15, Km 2. Poligono Masia Den Notari Vilanova I La Geltru, 08800 Spain
Tel: +(34) 938116000
Fax: +(34) 938116001
Sales EUR(mil): 131.1
Assets EUR(mil): 189.0
Employees: 498
Fiscal Year End: 21-Feb-2013
Industry: Miscellaneous Fabricated Products
Incorporation Date: 1984
Company Type: Public
Subsidiary
Quoted Status: Not Quoted
Previous Name: Pirelli Cables
y Sistemas SA
Registered No.(ESP): A08958381
President, Member Of The Board: Francesc Xavier Acin Jover
ANZSIC 2006 Codes:
2149 - Other Basic Non-Ferrous
Metal Product Manufacturing
3322 - Metal and Mineral
Wholesaling
2142 - Aluminium Rolling,
Drawing, Extruding
3494 - Other Electrical and
Electronic Goods Wholesaling
ISIC Rev 4 Codes:
2420 - Manufacture of basic
precious and other non-ferrous metals
4662 - Wholesale of metals and
metal ores
4659 - Wholesale of other
machinery and equipment
NACE Rev 2 Codes:
2445 - Other non-ferrous metal
production
2442 - Aluminium production
4672 - Wholesale of metals and
metal ores
4669 - Wholesale of other
machinery and equipment
NAICS 2012 Codes:
331420 - Copper
Rolling, Drawing, Extruding, and Alloying
331318 - Other
Aluminum Rolling, Drawing, and Extruding
423610 - Electrical
Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant
Wholesalers
423510 - Metal
Service Centers and Other Metal Merchant Wholesalers
US SIC 1987:
3357 - Drawing and Insulating of
Nonferrous Wire
5051 - Metals Service Centers and
Offices
3355 - Aluminum Rolling and
Drawing, Not Elsewhere Classified
5063 - Electrical Apparatus and
Equipment Wiring Supplies, and Construction Materials
UK SIC 2007:
2445 - Other non-ferrous metal
production
2442 - Aluminium production
4672 - Wholesale of metals and
metal ores
4669 - Wholesale of other
machinery and equipment
Manufacture of other electronic and electric wires and cables
More Business Descriptions
Manufacture and sale of cable including insulated low, medium and high tension cable and fibre-optic cable
Fiber Optic Cable Mfr
Communication and Energy Wire and Cable Manufacturing
Pirepol
Retenax Castfit
Financials in: EUR(mil)
Revenue: 131.1
Net
Income: 0.0
Assets: 189.0
Current
Assets: 100.2
Fixed
Assets: 88.8
Long Term
Debt: 34.7
Total
Liabilities: 189.0
Issued
Capital: 15.0
Net
Worth: 33.4
Date of
Financial Data: 21-Feb-2013
1 Year Growth
-50.9%
NA
NA
Location
Calle Sederos 2 5º A Granada, 18005
Tel: +(34) 902146006
Fax: +(34) 902146001
Location
Calle Novoa Santos 21 A Coruña, 15006
Tel:+(34) 902146006
Fax: +(34) 902146001
Location
Calle Africa 2 Telde, 35212
Tel: +(34) 928694754
Fax: +(34) 928694766
Location
Calle Julian Camarillo 10 Oficina 117 118 Madrid, 28037
Tel: +(34) 914020668
Fax: +(34) 914027867
Location
Calle Carlos De Cepeda 2 Planta 2ª Modulo 4 Sevilla, 41005
Tel: +(34) 954634506
Fax: +(34) 954636025
Location
Calle Fontanares 51 5º C Edificio Trevi Valencia, 46014
Tel: +(34) 902146006
Fax: +(34) 902146001
Location
Calle Heros 26 1º B C Negocios Jado D 5 Bilbao, 48009
Tel: +(34) 902146006
Fax: +(34) 902146001
Auditor: Pricewaterhousecoopers
Auditores Sl
Bank: Banco
Bilbao Vizcaya Argentaria, S.A.
Auditor: Pricewaterhousecoopers
Auditores Sl
Corporate
Family
|
Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Milano |
Italy |
Metal Products Manufacturing |
10,084.3 |
19,562 |
|
|
Subsidiary |
Sens |
France |
Electrical Equipment and Appliances Manufacturing |
855.3 |
1,278 |
|
|
Subsidiary |
Nabeul |
Tunisia |
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Electrical Equipment and Appliances Manufacturing |
682.3 |
986 |
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Miscellaneous Manufacturing |
|
500 |
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Metal Products Manufacturing |
1,331.7 |
|
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Miscellaneous Manufacturing |
|
|
|
|
Subsidiary |
Kingston Upon Thames |
United Kingdom |
Associations and Organizations |
0.5 |
|
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Miscellaneous Manufacturing |
|
|
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Miscellaneous Manufacturing |
|
|
|
|
Subsidiary |
Milan |
Italy |
Electronics Wholesale |
575.3 |
937 |
|
|
Subsidiary |
Liverpool, NSW |
Australia |
Electrical Equipment and Appliances Manufacturing |
|
140 |
|
|
Prysmian Telecomunicaciones Cables
y Sistemas de Argentina S.A. |
Subsidiary |
Buenos Aires |
Argentina |
Metal Products Manufacturing |
|
100 |
|
Subsidiary |
Lexington, SC |
United States |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Lexington, SC |
United States |
Holding Companies |
|
550 |
|
|
Branch |
Abbeville, SC |
United States |
Electronics Wholesale |
352.5 |
300 |
|
|
Subsidiary |
Saint-Jean-sur-Richelieu, QC |
Canada |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Milan |
Italy |
Metal Products Manufacturing |
891.8 |
539 |
|
|
Subsidiary |
Al Khobar |
Saudi Arabia |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Slatina |
Romania |
Metal Products Manufacturing |
|
500 |
|
|
Subsidiary |
Vilanova I La Geltru, Barcelona |
Spain |
Metal Products Manufacturing |
169.0 |
498 |
|
|
Subsidiary |
Sant Vicenç Dels Horts, Barcelona |
Spain |
Metal Products Manufacturing |
1.8 |
58 |
|
|
Subsidiary |
Budapest |
Hungary |
Metal Products Manufacturing |
385.6 |
463 |
|
|
Subsidiary |
Istanbul |
Turkey |
Metal Products Manufacturing |
376.1 |
436 |
|
|
Subsidiary |
Battipaglia, SA |
Italy |
Metal Products Manufacturing |
70.4 |
370 |
|
|
Subsidiary |
Bratislava |
Slovakia |
Electrical Equipment and Appliances Manufacturing |
58.6 |
339 |
|
|
Subsidiary |
Tianjin |
China |
Metal Products Manufacturing |
|
300 |
|
|
Subsidiary |
Rybinsk |
Russian Federation |
Electrical Equipment and Appliances Manufacturing |
|
300 |
|
|
Subsidiary |
Rybinsk |
Russian Federation |
Metal Products Manufacturing |
54.0 |
209 |
|
|
Subsidiary |
Kirkkonummi |
Finland |
Metal Products Manufacturing |
222.5 |
248 |
|
|
Subsidiary |
Wuxi, Jiangsu |
China |
Metal Products Manufacturing |
|
210 |
|
|
Subsidiary |
Livorno, MI |
Italy |
Metal Products Manufacturing |
|
110 |
|
|
Subsidiary |
Paris, Sens Cedex |
France |
Metal Products Manufacturing |
|
2,367 |
|
|
Facility |
Sens |
France |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Liverpool, NSW |
Australia |
Metal Products Manufacturing |
330.2 |
650 |
|
|
Subsidiary |
New Lynn |
New Zealand |
Metal Products Manufacturing |
6.5 |
30 |
|
|
Subsidiary |
Sorocaba, SP |
Brazil |
Metal Products Manufacturing |
487.0 |
645 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Metal Products Manufacturing |
106.1 |
200 |
|
|
Subsidiary |
Martinez, Buenos Aires |
Argentina |
Civil Engineering |
21.6 |
372 |
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Electrical Equipment and Appliances Manufacturing |
0.1 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Civil Engineering |
3.5 |
35 |
|
|
Subsidiary |
Bromma |
Sweden |
Metal Products Manufacturing |
|
100 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Metal Products Manufacturing |
3,215.3 |
79 |
|
|
Subsidiary |
Wuppertal, Nordrhein-Westfalen |
Germany |
Metal Products Manufacturing |
|
1,200 |
|
|
Subsidiary |
Wuppertal, Nordrhein-Westfalen |
Germany |
Electrical Equipment and Appliances Manufacturing |
212.0 |
628 |
|
|
Subsidiary |
Wuppertal, Nordrhein-Westfalen |
Germany |
Electrical Equipment and Appliances Manufacturing |
27.4 |
36 |
|
|
Subsidiary |
Wuppertal, Nordrhein-Westfalen |
Germany |
Property Managers |
|
2 |
|
|
Subsidiary |
Wuppertal, Nordrhein-Westfalen |
Germany |
Investment Services |
|
2 |
|
|
Subsidiary |
Argenteuil |
France |
Metal Products Manufacturing |
237.4 |
749 |
|
|
Joint Venture |
Wuhan |
China |
Metal Products Manufacturing |
|
700 |
|
|
Subsidiary |
Claremont, NC |
United States |
Metal Products Manufacturing |
|
500 |
|
|
Subsidiary |
North Dighton, MA |
United States |
Metal Products Manufacturing |
|
400 |
|
|
Subsidiary |
VelkĂ© MezirĂcĂ |
Czech Republic |
Electrical Equipment and Appliances Manufacturing |
173.5 |
353 |
|
|
Subsidiary |
Suzhou, Jiangsu Province |
China |
Metal Products Manufacturing |
|
300 |
|
|
Subsidiary |
Nässjö |
Sweden |
Metal Products Manufacturing |
132.6 |
270 |
|
|
Subsidiary |
North Dighton, MA |
United States |
Electrical Equipment and Appliances Manufacturing |
6.6 |
260 |
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Non-Metallic Mineral Product Manufacturing |
214.8 |
250 |
|
|
Subsidiary |
Lapu-Lapu City, Cebu |
Philippines |
Metal Products Manufacturing |
|
250 |
|
|
Subsidiary |
Washington |
United Kingdom |
Electrical Equipment and Appliances Manufacturing |
270.2 |
248 |
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Nonclassifiable Establishments |
|
|
|
|
Subsidiary |
Drammen |
Norway |
Electrical Equipment and Appliances Manufacturing |
130.5 |
234 |
|
|
Subsidiary |
Vilanova I La Geltru, Barcelona |
Spain |
Metal Products Manufacturing |
80.0 |
200 |
|
|
Subsidiary |
Eindhoven |
Netherlands |
Communications Equipment Manufacturing |
|
200 |
|
|
Subsidiary |
Schuylkill Haven, PA |
United States |
Metal Products Manufacturing |
40.3 |
150 |
|
|
Subsidiary |
Sainte-Genevieve |
France |
Metal Products Manufacturing |
43.9 |
149 |
|
|
Subsidiary |
Aubevoye |
France |
Communications Equipment Manufacturing |
|
145 |
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Miscellaneous Manufacturing |
59.4 |
131 |
|
|
Subsidiary |
Franklin, MA |
United States |
Metal Products Manufacturing |
10.5 |
120 |
|
|
Subsidiary |
Keila |
Estonia |
Metal Products Manufacturing |
66.6 |
93 |
|
|
Subsidiary |
Alor Gajah, Melaka |
Malaysia |
Metal Products Manufacturing |
|
80 |
|
|
Subsidiary |
Singapore |
Singapore |
Metal Products Manufacturing |
71.7 |
75 |
|
|
Subsidiary |
Wuhan, Hubei |
China |
Metal Products Manufacturing |
21.3 |
70 |
|
|
Subsidiary |
Somain |
France |
Metal Products Manufacturing |
12.1 |
68 |
|
|
Subsidiary |
Oudenbosch |
Netherlands |
Metal Products Manufacturing |
|
60 |
|
|
Subsidiary |
Rugby |
United Kingdom |
Metal Products Manufacturing |
|
60 |
|
|
Subsidiary |
Mumbai |
India |
Metal Products Manufacturing |
|
55 |
|
|
Subsidiary |
Antwerpen |
Belgium |
Metal Products Manufacturing |
19.6 |
2 |
|
|
Subsidiary |
Campinas, Sao Paulo |
Brazil |
Holding Companies |
|
2 |
|
|
Subsidiary |
Sorocaba, Sao Paulo |
Brazil |
Semiconductor and Other Electronic Component Manufacturing |
1.8 |
35 |
|
|
Subsidiary |
Wuppertal, Nordrhein-Westfalen |
Germany |
Investment Services |
|
1 |
|
|
Subsidiary |
Singapore |
Singapore |
Holding Companies |
1.9 |
|
|
|
Subsidiary |
Huai Khwang, Bangkok |
Thailand |
Metal Products Manufacturing |
|
200 |
|
|
Subsidiary |
Kwai Chung, New Territories |
Hong Kong |
Metals and Minerals Wholesale |
55.4 |
26 |
|
|
Subsidiary |
Champs Sur Marne |
France |
Banking |
1.6 |
|
|
|
Subsidiary |
Ste Genevieve |
France |
Metal Products Manufacturing |
75.0 |
250 |
|
|
Subsidiary |
Gouda |
Netherlands |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Delft, Zuid-Holland |
Netherlands |
Machinery Wholesale |
|
|
|
|
Subsidiary |
Berlin, Berlin |
Germany |
Electrical Equipment and Appliances Manufacturing |
|
200 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Metal Products Manufacturing |
|
175 |
|
|
Subsidiary |
Bergen Lb, Limburg |
Netherlands |
Metal Products Manufacturing |
|
6 |
|
|
Subsidiary |
Wuppertal, Nordrhein-Westfalen |
Germany |
Holding Companies |
|
2 |
|
|
Subsidiary |
Santa Perpetua De Mogoda, Barcelona |
Spain |
Holding Companies |
|
|
|
|
Subsidiary |
Valbonne |
France |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Evreux |
France |
Communications Equipment Manufacturing |
|
|
|
|
Subsidiary |
Durango, Durango |
Mexico |
Consulting Services |
|
|
|
|
Subsidiary |
Durango, Durango |
Mexico |
Metal Products Manufacturing |
12.1 |
240 |
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Communications Equipment Manufacturing |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Communications Equipment Manufacturing |
14.5 |
22 |
|
|
Subsidiary |
Istanbul (Anatolia) |
Turkey |
Metals and Minerals Wholesale |
|
15 |
|
|
Subsidiary |
Sorocaba |
Brazil |
Metal Products Manufacturing |
|
51 |
|
|
Subsidiary |
Troisdorf, Nordrhein-Westfalen |
Germany |
Wood Product Manufacturing |
|
47 |
|
|
Subsidiary |
Troisdorf, Nordrhein-Westfalen |
Germany |
Paper Product Manufacturing |
|
40 |
|
|
Subsidiary |
Milano, MI |
Italy |
Metal Products Manufacturing |
93.8 |
45 |
|
|
Prysmian Mkm Magyar Kabel Muvek
Korlatolt Felelossegu Tarsasag |
Subsidiary |
Budapest |
Hungary |
Metal Products Manufacturing |
353.1 |
464 |
|
Subsidiary |
Delft |
Netherlands |
Metal Products Manufacturing |
178.2 |
200 |
|
|
Subsidiary |
Berlin, Berlin |
Germany |
Metal Products Manufacturing |
700.2 |
110 |
|
|
Subsidiary |
Schwerin, Mecklenburg-Vorpommern |
Germany |
Electrical Equipment and Appliances Manufacturing |
|
1 |
|
|
Prysmian Surflex Umbilicais E Tubos
FlexĂveis Do Brasil Ltda. |
Subsidiary |
Vila Velha, Espirito Santo |
Brazil |
Semiconductor and Other Electronic Component Manufacturing |
|
100 |
|
Subsidiary |
Santo André, SP |
Brazil |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Delft |
Netherlands |
Investment Services |
|
|
|
|
Subsidiary |
Delft |
Netherlands |
Investment Services |
|
|
|
|
Subsidiary |
Bursa |
Turkey |
Metal Products Manufacturing |
376.1 |
436 |
|
|
Subsidiary |
Vienna |
Austria |
Metal Products Manufacturing |
36.0 |
45 |
|
|
Subsidiary |
Shanghai |
China |
Metal Products Manufacturing |
|
40 |
|
|
Subsidiary |
Singapore |
Singapore |
Electronics Wholesale |
|
32 |
|
|
Subsidiary |
Curitiba, Parana |
Brazil |
Miscellaneous Professional Services |
|
30 |
|
|
Subsidiary |
Lexington, SC |
United States |
Metal Products Manufacturing |
6.0 |
10 |
|
|
Prysmian Power Cables &
Systems-High Voltage Systems & Installation Division |
Division |
South Plainfield, NJ |
United States |
Civil Engineering |
12.1 |
1,144 |
|
Facility |
Abbeville, SC |
United States |
Electrical Equipment and Appliances Manufacturing |
|
3 |
|
|
Subsidiary |
Singapore |
Singapore |
Metal Products Manufacturing |
0.0 |
10 |
|
|
Subsidiary |
Bangkok |
Thailand |
Metal Products Manufacturing |
0.1 |
100 |
|
|
Subsidiary |
Sokolow |
Poland |
Electronics Wholesale |
|
10 |
|
|
Subsidiary |
Kowloon |
Hong Kong |
Investment Services |
|
5 |
|
|
Subsidiary |
Beijing, Beijing |
China |
Investment Services |
|
|
|
|
Subsidiary |
Tianjin, Tianjin |
China |
Metal Products Manufacturing |
18.2 |
250 |
|
|
Subsidiary |
Yangzhou, Jiangsu |
China |
Metal Products Manufacturing |
|
250 |
|
|
Subsidiary |
Milan |
Italy |
Metal Products Manufacturing |
|
4 |
|
|
Subsidiary |
Manno |
Switzerland |
Metal Products Manufacturing |
|
4 |
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Metal Products Manufacturing |
35.0 |
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Ski |
Norway |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Nabeul |
Tunisia |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Heidelberg |
Germany |
Specialty Construction Trade Contractors |
|
|
|
|
Subsidiary |
Cascais |
Portugal |
Specialty Construction Trade Contractors |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Specialty Construction Trade Contractors |
|
|
|
|
Subsidiary |
Grimsby |
United Kingdom |
|
|
|
Executives Report
Board of Directors
|
|
|
|||
|
President, Member Of The Board |
Director/Board Member |
|||
|
Member Of The Board |
Director/Board Member |
|||
|
Member Of The Board |
Director/Board Member |
|||
|
Member Of The Board |
Director/Board Member |
|||
|
Member Of The Board |
Director/Board Member |
|||
|
Member Of The Board |
Director/Board Member |
|||
|
General Manager, Member Of The Board,
Secretary |
Director/Board Member |
Executives
|
|
|
|||
|
President, Member Of The Board |
President |
|||
|
General Manager, Member Of The Board, Secretary |
Division Head Executive |
Annual
Profit & Loss
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period Average) |
0.778237 |
0.71919 |
0.755078 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Charges |
216.7 |
403.3 |
384.3 |
|
Stock Reduction |
- |
14.0 |
- |
|
Supplies |
123.5 |
278.3 |
276.5 |
|
Goods
Consumption |
16.7 |
11.2 |
11.3 |
|
Consumption
of Raw Materials |
105.1 |
239.6 |
231.0 |
|
Miscellaneous
External Expenditures |
1.7 |
27.5 |
34.3 |
|
Staff Costs |
20.5 |
46.7 |
43.5 |
|
Wages
and Salaries |
16.7 |
37.9 |
34.7 |
|
Social
Security Costs |
3.8 |
8.8 |
8.9 |
|
Depreciation |
2.5 |
5.5 |
5.5 |
|
Allowance for Trade
Operations |
0.3 |
-1.0 |
1.1 |
|
Stock
Provision Variation |
- |
- |
0.1 |
|
Losses
from Unrecovered Receivables |
0.3 |
-1.0 |
1.0 |
|
Other Operating
Charges |
32.4 |
55.1 |
53.1 |
|
External
Services |
31.9 |
54.2 |
52.2 |
|
Taxes |
0.5 |
0.9 |
0.9 |
|
Operating Benefits |
2.8 |
- |
1.9 |
|
Financials and
Similar Charges |
9.6 |
6.3 |
4.4 |
|
Due
to Liabilities With Group Companies |
2.4 |
2.0 |
0.1 |
|
Due
to Other Liabilities |
1.2 |
4.3 |
4.2 |
|
Losses
from Financial Investments |
5.9 |
- |
- |
|
Changes in
Financial Investment Provisions |
0.7 |
1.1 |
1.7 |
|
Exchange Losses |
- |
0.6 |
0.7 |
|
Changes in
Provisions for Assets |
28.3 |
- |
- |
|
Losses From Assets
and Securities Portfolio |
- |
0.0 |
0.0 |
|
Corporation Tax |
-0.9 |
-3.2 |
-2.3 |
|
Income |
182.0 |
395.6 |
381.8 |
|
Net Total Sales |
168.4 |
392.2 |
370.8 |
|
Sales |
176.1 |
388.1 |
388.1 |
|
Rendering
of Services |
0.1 |
21.4 |
0.1 |
|
Sales
Refunds |
-7.9 |
-17.3 |
-17.3 |
|
Increase in Stocks |
12.4 |
- |
7.9 |
|
Miscellaneous
Operating Income |
1.1 |
3.4 |
3.0 |
|
Auxiliary
Income From Current Management |
0.9 |
2.4 |
3.0 |
|
Grants |
0.1 |
0.9 |
- |
|
Operating Losses |
- |
2.9 |
- |
|
Income From
Miscellaneous Interests |
0.1 |
0.0 |
0.0 |
|
From
Group Companies |
0.1 |
- |
0.0 |
|
Miscellaneous
Interests |
0.0 |
0.0 |
- |
|
Gains from Exchange
Rate |
0.0 |
- |
- |
|
Negative Financial Results |
10.2 |
8.0 |
6.7 |
|
Ordinary Activities' Losses |
7.4 |
10.9 |
4.8 |
|
Profit on Disposal
of Assets |
0.0 |
- |
- |
|
Negative Extraordinary Results |
28.3 |
0.0 |
0.0 |
|
Losses Before Taxes |
35.6 |
10.9 |
4.9 |
|
Financial Year Result (Losses) |
34.7 |
7.7 |
2.6 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Goodwill |
42.9 |
70.6 |
73.0 |
|
Total Intangible
Fixed Assets |
42.9 |
70.6 |
73.0 |
|
Land
and Construction |
51.3 |
51.2 |
54.6 |
|
Technical
Installations and Machinery |
10.0 |
11.0 |
12.0 |
|
Other
Installations, Tools, and Furniture |
0.6 |
0.7 |
0.8 |
|
Tangible
Fixed Assets Under Construction |
1.4 |
1.3 |
0.9 |
|
Other
Tangible Assets |
0.9 |
1.0 |
1.1 |
|
Total Tangible
Fixed Assets |
64.3 |
65.3 |
69.3 |
|
Investments
in Group Companies |
10.2 |
16.0 |
16.6 |
|
Long-Term
Guarantees and Deposits |
0.1 |
0.1 |
0.1 |
|
Financial Investments |
10.3 |
16.1 |
16.7 |
|
Total Fixed Assets |
117.4 |
152.1 |
159.0 |
|
Raw
Materials and Other Consumables |
24.6 |
13.8 |
11.2 |
|
Goods
in Process |
15.0 |
5.5 |
10.6 |
|
Finished
Products |
25.7 |
21.8 |
31.3 |
|
Payments
on Account |
0.2 |
1.9 |
3.0 |
|
Total Stocks |
65.5 |
43.1 |
56.1 |
|
Trade
Debtors |
35.3 |
31.1 |
18.3 |
|
Receivables,
Group Companies |
8.1 |
3.4 |
4.8 |
|
Other
Debtors |
1.1 |
7.7 |
0.5 |
|
Staff |
0.5 |
0.2 |
0.2 |
|
Public
Bodies |
8.1 |
6.2 |
3.4 |
|
Total Debtors |
53.1 |
48.6 |
27.2 |
|
Receivables
from Group Companies |
0.1 |
68.8 |
22.3 |
|
Total Short-Term
Investments |
0.1 |
68.8 |
22.3 |
|
Cash |
13.1 |
8.5 |
12.0 |
|
Prepayments and
Accrued Income |
0.6 |
0.8 |
1.3 |
|
Total Current Assets |
132.4 |
169.7 |
118.9 |
|
Total Assets |
249.8 |
321.8 |
277.9 |
|
Legal
Reserve |
4.0 |
3.6 |
3.8 |
|
Miscellaneous
Reserves |
30.9 |
38.1 |
42.0 |
|
Total Reserves |
34.9 |
41.8 |
45.8 |
|
Profit or Loss for
the Financial Year |
-35.7 |
-7.2 |
-2.6 |
|
Total Equity |
44.1 |
78.7 |
61.9 |
|
Other
Provisions |
1.1 |
1.0 |
1.2 |
|
Total Provisions for Liabilities and Charges |
1.1 |
1.0 |
1.2 |
|
Loans
and Other Liabilities |
0.0 |
- |
107.8 |
|
Total Amounts Owed
to Credit Institutions |
0.0 |
- |
107.8 |
|
Amounts
Owed to Group Companies |
39.7 |
38.9 |
- |
|
Total Debts with
Group or Affiliated Companies |
39.7 |
38.9 |
- |
|
Long-Term
Payables to Public Bodies |
6.2 |
6.6 |
6.8 |
|
Total Other
Creditors |
6.2 |
6.6 |
6.8 |
|
Total Long Term Liabilities |
45.9 |
45.5 |
114.6 |
|
Loans
and Other Liabilities |
- |
105.7 |
16.0 |
|
Total Amounts Owed
to Credit Institutions |
- |
105.7 |
16.0 |
|
Amounts
Owed to Group Companies |
93.9 |
18.4 |
30.5 |
|
Total Short-Term
Amounts Owed to Group and Associa |
93.9 |
18.4 |
30.5 |
|
Advanced
Payments from Customers |
1.8 |
1.9 |
3.0 |
|
Amounts
Owed for Purchases of Goods or Services |
53.6 |
59.6 |
43.1 |
|
Total Trade Creditors |
55.4 |
61.5 |
46.2 |
|
Public
Bodies |
3.3 |
4.8 |
4.2 |
|
Miscellaneous
Debts |
- |
0.2 |
- |
|
Wages
and Salaries Payable |
6.2 |
5.9 |
3.1 |
|
Total Other
Creditors |
9.5 |
11.0 |
7.3 |
|
Prepayments and
Accrued Income |
0.0 |
- |
0.0 |
|
Total Short Term Creditors |
158.8 |
196.5 |
100.0 |
|
Short Term Provisions for Liabilities and
Charges |
- |
0.0 |
0.3 |
|
Total Liabilities and Equity |
249.8 |
321.8 |
277.9 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.66 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.84.59 |
INFORMATION DETAILS
|
Report
Prepared by : |
SHG |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.