MIRA INFORM REPORT

 

 

 

Report Date :

22.09.2014

 

IDENTIFICATION DETAILS

 

Name :

MARIO CROSTA SRL 

 

 

Registered Office :

Corso Sempione 67, Busto Arsizio, 21052

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

23.10.2001

 

 

Com. Reg. No.:

02683670125

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacture of machine tools for working stone, wood and similar hard material

 

 

No. of Employees :

34

 

 

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)

Italy

A2

A2

 

Risk Category

ECGC Classification

 

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ITALY - ECONOMIC OVERVIEW

 

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is high. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 126% of GDP in 2012, and investor concerns about the broader euro-zone crisis at times have caused borrowing costs on sovereign government debt to rise to euro-era. During the second half of 2011 the government passed three austerity packages to reduce its budget deficit and help bring down borrowing costs. These measures included a hike in the value-added tax, pension reforms, and cuts to public administration. The government also faces pressure from investors and European partners to sustain its recent efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2012 economic growth and labor market conditions deteriorated, with growth at -2.3% and unemployment rising to nearly 11%, with youth unemployment around 35%. The government has undertaken several reform initiatives designed to increase long-term economic growth. Italy's GDP is now 7% below its 2007 pre-crisis level.

 

Source : CIA

Company Name and Address

 

Mario Crosta SRL 

 

 

 

Corso Sempione 67

 

 

Busto Arsizio, 21052

Italy

 

 

Tel:

+39 0331 631380

Fax:

+39 0331 631612

Employees:

34

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

C.B.S. HOLDING SRL

 

 

Incorporation Date:

23-Oct-2001

Financials in:

 USD (Mil)

Fiscal Year End:

31-Dec-2012

Reporting Currency:

Euro

Annual Sales:

1.1

Total Assets:

4.2

 

 

Business Description

 

Mario Crosta SRL is primarily engaged in manufacture of machine tools for working stone, wood and similar hard material; presses for the manufacture of particle board and the like; manufacture of soldering, brazing and welding tools; surface tempering and hot spraying machines and apparatus; manufacture of tool holders and self-opening dieheads; manufacture of work holders for machine tools; manufacture of dividing heads and other special attachments for machine tools; manufacture of parts and accessories for wood, cork, hard rubber and similar hard materials working machine tools; and manufacture of parts and accessories for welding equipment.

 

 

Industry

 

Industry

Machinery and Equipment Manufacturing

ANZSIC 2006:

2463 - Machine Tool and Parts Manufacturing

ISIC Rev 4:

2822 - Manufacture of metal-forming machinery and machine tools

NACE Rev 2:

2849 - Manufacture of other machine tools

NAICS 2012:

33351 - Metalworking Machinery Manufacturing

UK SIC 2007:

2849 - Manufacture of other machine tools

US SIC 1987:

3549 - Metalworking Machinery, Not Elsewhere Classified

 

 

Key executives

 

Name

Title

Marco Crosta

President

 

 

 

 

 

Registered No.(ITA): 02683670125

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366 
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566

 

 

Corporate Overview

 

Location
Corso Sempione 67
Busto Arsizio, 21052
Italy

 

Tel:

+39 0331 631380

Fax:

+39 0331 631612

 

 

Sales EUR(mil):

0.8

Assets EUR(mil):

3.2

Employees:

34

Fiscal Year End:

31-Dec-2012

 

Industry:

Miscellaneous Capital Goods

Incorporation Date:

23-Oct-2001

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(ITA):

02683670125

 

President:

Marco Crosta

 

 

Industry Codes

 

ANZSIC 2006 Codes:

2463

-

Machine Tool and Parts Manufacturing

2469

-

Other Specialised Machinery and Equipment Manufacturing

 

ISIC Rev 4 Codes:

2822

-

Manufacture of metal-forming machinery and machine tools

2826

-

Manufacture of machinery for textile, apparel and leather production

 

NACE Rev 2 Codes:

2849

-

Manufacture of other machine tools

2894

-

Manufacture of machinery for textile, apparel and leather production

 

NAICS 2012 Codes:

33351

-

Metalworking Machinery Manufacturing

333249

-

Other Industrial Machinery Manufacturing

 

US SIC 1987:

3549

-

Metalworking Machinery, Not Elsewhere Classified

3552

-

Textile Machinery

 

UK SIC 2007:

2849

-

Manufacture of other machine tools

2894

-

Manufacture of machinery for textile, apparel and leather production

 

 

Business Description

 

Mario Crosta SRL is primarily engaged in manufacture of machine tools for working stone, wood and similar hard material; presses for the manufacture of particle board and the like; manufacture of soldering, brazing and welding tools; surface tempering and hot spraying machines and apparatus; manufacture of tool holders and self-opening dieheads; manufacture of work holders for machine tools; manufacture of dividing heads and other special attachments for machine tools; manufacture of parts and accessories for wood, cork, hard rubber and similar hard materials working machine tools; and manufacture of parts and accessories for welding equipment.

 

 

Corporate Structure News

 

 

 

Total Corporate Family Members: 2 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

C.B.S. HOLDING SRL

Parent

 

 

 

 

 

Mario Crosta SRL

Subsidiary

Busto Arsizio, Varese

Italy

Machinery and Equipment Manufacturing

1.1

34

 

 

Executives Report

 

Executives

Name

Title

Function

Marco Crosta

 

President

President

Laura Maria Grazia Crosta

 

Managing director

Managing Director

Massimo Crosta

 

Managing director

Managing Director

Paola Erba

 

Managing director

Managing Director

 

 

Annual Profit and Loss

 

 

 

 

 

31-Dec-2012

30-Sep-2011

30-Sep-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.778237

0.717768

0.740255

Consolidated

No

No

No

 

 

 

 

Total income

1.2

7.9

8.3

Net sales

1.1

8.0

8.1

Other operating income

0.0

0.2

0.0

Raw materials and consumables employed

0.7

4.4

4.6

Other expenses

0.5

2.6

2.3

Total payroll costs

0.3

2.2

1.9

Fixed asset depreciation and amortisation

0.1

0.3

0.1

Other operating costs

0.0

0.1

0.2

Net operating income

-0.5

-1.6

-0.8

Total financial income

0.0

0.0

0.0

Total expenses

0.0

0.1

0.1

Profit before tax

-0.5

-1.7

-0.9

Extraordinary result

-

0.0

-

Profit after extraordinary items and before tax

-0.5

-1.7

-0.9

Total taxation

-

0.0

0.0

Net loss

0.5

1.7

0.9

 

 

Annual Balance Sheet

 

 

 

Financials in: USD (mil)

 

 

 

31-Dec-2012

30-Sep-2011

30-Sep-2010

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.7566

0.745323

0.732493

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

0.2

0.4

1.3

Provision for risks

0.0

0.0

0.0

Provision for pensions

0.6

0.7

0.8

Other long-term liabilities

0.2

-

0.0

Trade creditors

1.4

1.5

2.5

Bank loans and overdrafts

0.8

1.5

1.8

Other current liabilities

1.1

0.7

0.9

Accruals and deferred income

0.0

0.0

0.0

Total current liabilities

3.2

3.7

5.2

Total liabilities (including net worth)

4.2

4.9

7.3

Intangibles

0.0

0.1

0.0

Total tangible fixed assets

0.1

0.1

0.1

Long-term investments

0.0

-

-

Total financial assets

0.0

0.0

0.0

Receivables due after 1 year

0.4

0.4

0.7

Total non-current assets

0.5

0.6

0.8

Net stocks and work in progress

2.7

3.1

3.9

Trade debtors

0.7

1.1

2.3

Other receivables

0.2

0.1

0.3

Cash and liquid assets

0.1

0.0

0.0

Accruals

0.0

0.0

0.0

Total current assets

3.7

4.3

6.5

Total assets

4.2

4.9

7.3

 

 

Annual Ratios

 

 

Financials in: USD (mil)

 

 

 

31-Dec-2012

30-Sep-2011

30-Sep-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.7566

0.745323

0.732493

Consolidated

No

No

No

 

 

 

 

Current ratio

1.20

1.20

1.20

Quick ratio

0.30

0.30

0.50

Current liabilities to net worth

0.21%

0.09%

0.04%

Sales per employee

-

0.16

0.12

Profit per employee

-

-0.04

-

Average wage per employee

-

0.05

0.03

Net worth

0.2

0.4

1.3

Number of employees

-

35

-

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.81

UK Pound

1

Rs.100.06

Euro

1

Rs.78.47

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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