MIRA
INFORM REPORT
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Report Date : |
21.03.2014 |
IDENTIFICATION DETAILS
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Name : |
FILTREX SRL |
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Registered Office : |
Via Raffaele Rubattino 94/B Milano, 20134 |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
22.04.1983 |
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Com. Reg. No.: |
06954820152 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of machinery for working soft rubber or plastics
or for the manufacture of products of these materials (extruders, moulders,
pneumatic tyre making or retreading machines and other machines for making a
specific rubber or plastic product |
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No. of Employees : |
86 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Source
: CIA |
Company name and address
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FILTREX SRL |
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Business Description
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Filtrex SRL is primarily engaged in manufacture of machinery for
working soft rubber or plastics or for the manufacture of products of these
materials (extruders, moulders, pneumatic tyre making or retreading machines
and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery
for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding
boxes for any material; mould bases; moulding patterns; moulds; manufacture
of dryers for wood, paper pulp, paper or paperboard; manufacture of
centrifugal clothes dryers; manufacture of diverse special machinery and
equipment (machines to assemble electric or electronic lamps, tubes (valves)
or bulbs; machines for production or hot-working of glass or glassware, glass
fibre or yarn; machinery or apparatus for isotopic separation; rope-making
machinery, etc.); and manufacture of industrial robots for multiple uses. |
Industry
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Industry |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment Manufacturing
Not Elsewhere Classified |
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ISIC Rev 4: |
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NACE Rev 2: |
2899 - Manufacture of other special-purpose
machinery n.e.c. |
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NAICS 2012: |
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2899 - Manufacture of other special-purpose
machinery n.e.c. |
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US SIC 1987: |
3569 - General Industrial Machinery and Equipment,
Not Elsewhere Classified |
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Key Executives
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News
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Registered No.(ITA): 06954820152
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566
Corporate Overview
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Corporate Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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IMMOFIN SRL |
Parent |
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Subsidiary |
Milano, Milano |
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Machinery and Equipment Manufacturing |
8.6 |
86 |
Executives Report
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news
Annual Profit & Loss
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31-Dec-2012 |
30-Jun-2011 |
30-Jun-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate (Period Average) |
0.778237 |
0.7347 |
0.721483 |
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Consolidated |
No |
No |
No |
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Total income |
8.6 |
19.5 |
18.3 |
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Net sales |
8.6 |
19.3 |
18.1 |
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Other operating income |
0.1 |
0.2 |
0.2 |
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Raw materials and consumables employed |
3.2 |
9.8 |
10.5 |
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Other expenses |
2.5 |
4.3 |
2.9 |
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Total payroll costs |
2.2 |
4.0 |
3.9 |
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Fixed asset depreciation and amortisation |
0.5 |
0.9 |
0.6 |
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Other operating costs |
0.1 |
0.1 |
0.1 |
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Net operating income |
0.1 |
0.5 |
0.3 |
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Total financial income |
0.0 |
-0.2 |
0.6 |
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Total expenses |
0.1 |
0.0 |
0.1 |
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Profit before tax |
0.0 |
0.3 |
0.8 |
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Extraordinary result |
0.1 |
0.0 |
0.0 |
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Profit after extraordinary items and before tax |
0.1 |
0.3 |
0.9 |
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Total taxation |
0.1 |
0.2 |
0.1 |
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Net profit |
0.0 |
0.1 |
0.7 |
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Annual Balance Sheet |
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Financials in: USD (mil) |
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31-Dec-2012 |
30-Jun-2011 |
30-Jun-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.689727 |
0.816393 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
3.6 |
3.7 |
3.0 |
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Provision for pensions |
0.9 |
0.8 |
0.6 |
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Mortgages and loans |
6.3 |
- |
- |
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Trade creditors |
3.4 |
13.7 |
8.9 |
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Other current liabilities |
8.3 |
0.8 |
0.5 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current liabilities |
11.7 |
14.5 |
9.4 |
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Total liabilities (including net worth) |
22.5 |
19.0 |
13.0 |
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Intangibles |
0.9 |
1.1 |
0.7 |
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Total tangible fixed assets |
2.8 |
4.0 |
3.2 |
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Long-term investments |
0.1 |
0.0 |
0.0 |
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Total financial assets |
0.1 |
0.0 |
0.0 |
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Receivables due after 1 year |
6.0 |
0.0 |
0.1 |
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Total non-current assets |
9.8 |
5.2 |
4.0 |
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Net stocks and work in progress |
6.5 |
3.1 |
0.9 |
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Trade debtors |
4.9 |
3.9 |
2.2 |
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Other receivables |
0.5 |
3.7 |
3.5 |
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Cash and liquid assets |
0.8 |
2.5 |
1.7 |
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Accruals |
0.0 |
0.6 |
0.7 |
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Total current assets |
12.7 |
13.8 |
9.0 |
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Total assets |
22.5 |
19.0 |
13.0 |
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Annual Ratios |
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Financials in: USD (mil) |
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31-Dec-2012 |
30-Jun-2011 |
30-Jun-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.689727 |
0.816393 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.10 |
1.00 |
1.00 |
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Quick ratio |
0.50 |
0.70 |
0.90 |
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Current liabilities to net worth |
0.03% |
0.04% |
0.03% |
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Sales per employee |
0.08 |
0.18 |
0.18 |
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Profit per employee |
0.00 |
0.00 |
0.01 |
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Average wage per employee |
0.02 |
0.04 |
0.04 |
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Net worth |
3.6 |
3.7 |
3.0 |
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Number of employees |
82 |
80 |
71 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.13 |
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1 |
Rs.101.17 |
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Euro |
1 |
Rs.84.59 |
INFORMATION DETAILS
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.