MIRA
INFORM REPORT
|
Report Date : |
03.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
SCHNELL SPA |
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Registered Office : |
Via Borghetto 2 San Liberio Montemaggiore Al Metauro, 61030 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
02.08.1962 |
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Com. Reg. No.: |
00112900410 |
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Legal Form : |
Public Parent |
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Line of Business : |
Manufacture of machinery for metallurgy |
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No. of Employees : |
266 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
No Complaints |
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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, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
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 |
Company name and address
Schnell SpA
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Business
Description
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Schnell SpA is primarily engaged in manufacture of machines and equipment
for handling hot metals (converters, ingot moulds, ladles, casting machines);
and manufacture of metal-rolling mills and rolls for such mills. |
Industry
|
Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2463 - Machine Tool and Parts
Manufacturing |
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NACE 2002: |
2951 - Manufacture of machinery for
metallurgy |
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NAICS 2002: |
333516 - Rolling Mill Machinery and
Equipment Manufacturing |
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UK SIC 2003: |
2951 - Manufacture of machinery for
metallurgy |
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US SIC 1987: |
3549 - Metalworking Machinery, Not
Elsewhere Classified |
Key Executives
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News
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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Corporate Structure News
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Schnell SpA |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Montemaggiore Al Metauro, Null |
Italy |
Miscellaneous Capital Goods |
59.3 |
266 |
|
|
Subsidiary |
Monteprandone, Ascoli Piceno |
Italy |
Miscellaneous Capital Goods |
14.1 |
34 |
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|
Subsidiary |
Montemaggiore Al Metauro, Null |
Italy |
Miscellaneous Capital Goods |
|
8 |
Executives Report
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Baltimore Co. woman
found dead in burned car ID'd
Associated Press: 01 December 2011
[What follows is the full text of the news story.]
PHOENIX, Md. -- Authorities
are identifying a woman found dead in a burned car in rural Baltimore County on
Thanksgiving.
The Office of the
Chief Medical Examiner identified the woman as 51-year-old Carolyn Davidson
Von-Schnell of Phoenix.
Baltimore County
police say Von-Schnell left her home in the 1300 block of Phoenix Road on Nov.
23 to go shopping in Cockeysville, but never returned. Police were not able to
find her that night, but searchers in a police helicopter spotted a burned car
the next morning. Police say her car went across the front yard, down a slope
and crashed into several trees before bursting into flames, trapping
Von-Schnell in the car.
The medical
examiner has not yet determined cause and manner of death. Police are
investigating the case as a suspicious death.
BRIEF:
Cockeysville woman found dead in burning car identified
Baltimore Sun (MD): 01 December 2011
[What follows is the full text of the news story.]
Dec. 01--A woman
who police said had left her home in Cockeysville to visit a store on Thanksgiving
Eve and was found dead in her burning car the next morning has been identified
as 51-year-old Carolyn Davidson Von-Schnell.
A cause of death
has not been determined, but Baltimore County police have said the death
appears accidental.
Police said that
her Toyota Camry had apparently gone off the road, over a hill and hit several
trees in the 1300 block of Phoenix Road. Van-Schnell was found by police, who
spotted the car from a helicopter, inside the burning vehicle after relatives
called to report her missing from her house in the same block.
Police say the
investigation remains open.
___
(c)2011 The
Baltimore Sun
Visit The
Baltimore Sun at www.baltimoresun.com
Distributed by MCT
Information Services
Holiday fund
Contributions
Star-Ledger (NJ): 28 November 2011
[What follows is the full text of the news story.]
holiday fund
Contributions
Total
contributions to date: $66,416.44. The latest donors are:
$500 Anonymous;
Beth Levene; P.J. and Elaine Russoniello
$300David A.
Temeles
$200 Anonymous;
Jill and William Slattery; Kelly, Flynn, Caroline and Cameron Thomson
$180 In memory of
our grandparents; Phylis Burman
$150Barbara
Froetscher
$100 In memory of
Jack Hill; In memory of Nicholas and Vassiliki Lampros; In memory of Danny
Breen; In memory of the Schnell and Avignone Families; Anonymous; James and
Patricia Cody; Diane Fitzsimmons; Dennis and Andrea Kahn; Barbara Laub; Angela
and David Malinowski; Robert Reed
$50 In memory of
Robert A. Parillo; In memory of John J. Suler; In honor of 50th anniversary
Kathy and Joe Reardon; Anonymous; Jacqueline Blake; Fiona Bride; John J.
Carluccio and Family; Dorothea H. Freundlich; Adam Kastin; Barbara E. Kauffman;
William Moorhead; Marian S. Ott
$40 Anonymous
$36Barbara and
Samuel Ratner
$30Paul and Karen
Holzherr
$25 In memory of
Ronald Arndt; In memory of Joyce Krakovsky; In memory of my mother Virginia;
Anonymous; Emily Hyans; Susan Langway
$20Anna and Bob
Reddington
$15 Julia D
.Miller; Janet Rutan
Attorney pleads
guilty in estates theft
Buffalo News (NY): 25 November 2011
[What follows is the full text of the news story.]
Nov. 25--LOCKPORT
-- An attorney who stole more than $235,000 from the estates of three clients
pleaded guilty to two felonies Wednesday in State Supreme Court.
David R. Schnell,
whose law license was suspended Sept. 15 by the Appellate Division of State
Supreme Court, could be sentenced to as long as 14 years in prison.
Niagara County
Assistant District Attorney Brian D. Seaman said Schnell pocketed money from the
sales of real estate owned by three deceased Niagara County residents instead
of directing the funds to their heirs.
The thefts,
totaling $235,913, will be covered by a lawyers fund operated by the New York
State Bar Association, defense attorney Joel L. Daniels said.
"Everyone
will be reimbursed in full by the lawyers' fund. No one will lose a dime,"
Daniels said.
Schnell, 52, of
Summit Boulevard, North Tonawanda, will have to reimburse that fund, Seaman
said.
Schnell operated a
law practice on Delaware Street in the City of Tonawanda. He was attorney or
co-executor for the three estates, Seaman said. The thefts occurred between
October 2009 and September of this year, according to court papers.
Without waiting to
be indicted, Schnell entered a guilty plea to two counts of third-degree grand
larceny and is scheduled for sentencing Jan. 27 by Justice Richard C. Kloch Sr.
Seaman and Daniels said Kloch made no advance sentencing commitment.
The victims in the
cases were the estates of Ruth E. Pasquan of North Tonawanda, who died Jan. 30,
2009; Forrest Maxwell of Pendleton, who died May 18, 2010; and Thomas R. Murphy
of North Tonawanda, who died Sept. 24, 2008.
William E.
Worobess of Whitby, Ont., Pasquan's brother and executor, was in court
Wednesday for the plea.
His sister's
estate lost the largest amount, a shade under $148,000, according to Worobess.
Pasquan owned
rental property on Robert Drive in North Tonawanda, which was valued at
$222,000, according to Surrogate's Court. It was by far the largest chunk of a
$297,000 estate.
Worobess said the
property was sold through a Realtor, with Schnell handling the closing. Taxes,
fees and a mortgage had to be paid off before the net proceeds were divided
among about 10 heirs.
He became
suspicious when documents closing the estate didn't agree with his records.
Other property
sales whose proceeds didn't reach the heirs were for Murphy's home on 17th
Avenue in North Tonawanda and Maxwell's house on Tonawanda Creek Road in
Pendleton, Surrogate's Court records showed.
tprohaska@buffnews.com
___
(c)2011 The
Buffalo News (Buffalo, N.Y.)
Visit The Buffalo
News (Buffalo, N.Y.) at www.buffalonews.com
Distributed by MCT
Information Services
Australia Patent:
Application for 'Biomarkers for anti-nogo-A antibody treatment in spinal cord
injury' Lapses
Australian Government: 24 November 2011
[What follows is the full text of the news story.]
Australia, Nov. 24
-- Novartis AG, Switzerland and University of Zurich, Zurich, filed an
application (2006314528) on Nov. 14, 2006, for 'Biomarkers for anti-nogo-A
antibody treatment in spinal cord injury.'
Inventor(s): Anis
Khusro Mir, Anu Kinnunen, Martin E. Schwab, Leda Dimou, Lisa Schnell and Laura
Montani
Application
Status: Lapsed (Did not gain acceptance within the prescribed time)
The original document can be viewed at:
http://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2006314528
For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
City stress eased
by the toxic carbon monoxide gas!!
ecPulse: 14 November 2011
[What follows is the full text of the news story.]
According to a new
study, low levels carbon monoxide have a narcotic effect, helping people cope
with the city stress.
A study by
Professor Itzhak Schnell of Tel Aviv University indicates that small doses of
Carbon monoxide (CO), an odorless, colorless and toxic gas,�can help people
cope with the city stress such as noise pollution and crowds.
The study included
36 healthy individuals, 20 to 40 years old, who traveled by public and private
transportation or by foot to various locations in 2 days, including busy
streets, restaurants, malls and markets.
The sources of CO
included in the study were�cars, central heating boilers and gas stoves, and
what scientists monitored the most was the impact of temperature, noise
pollution, carbon monoxide levels, and the crowds on people's behavior.
The study showed
that noise pollution was the main factor of stress, and that the stress they
suffered was less than expected as the CO in small doses worked as a narcotic,
eliminating parts of the stress caused by noise and crowd.
"Not only
were the levels much lower than the researchers predicted, approx. 1-15 parts
per million every half hour, but the presence of the gas appeared to have a
narcotic effect on the�participants", said Professor Schnell.
"Though
participants exhibited rising stress levels throughout the day, CO had a
mitigating influence, and extended exposure to the chemical had no lasting
effects", Professor Schnell added.
Finally, the study
shows that living in a crowded city might not have a bad impact on people's
health previously expected, yet one should be careful since excessive inhalation,
poisons the nervous and cardiovascular system and leads to death.
City stress eased
by the toxic carbon monoxide gas!
ecPulse: 14 November 2011
[What follows is the full text of the news story.]
According to a new
study, low levels carbon monoxide have a narcotic effect, helping people cope
with the city stress.
A study by
Professor Itzhak Schnell indicates that small doses of Carbon monoxide (CO), an
odorless, colorless and toxic gas,�can help people cope with the city stress
such as noise pollution and crowds.
The study included
36 healthy individuals, 20 to 40 years old, who traveled by public and private
transportation or by foot to various locations in 2 days, including busy
streets, restaurants, malls and markets.
The sources of CO
included in the study were�cars, central heating boilers and gas stoves, and
what scientists monitored the most was the impact of temperature, noise
pollution, carbon monoxide levels, and the crowds on people's behavior.
The study showed
that noise pollution was the main factor of stress, and that the stress they
suffered was less than expected as the CO in small doses worked as a narcotic,
eliminating parts of the stress caused by noise and crowd.
"Not only
were the levels much lower than the researchers predicted, approx. 1-15 parts
per million every half hour, but the presence of the gas appeared to have a
narcotic effect on the�participants", said Professor Schnell.
"Though
participants exhibited rising stress levels throughout the day, CO had a
mitigating influence, and extended exposure to the chemical had no lasting
effects", Professor Schnell added.
Finally, the study
shows that living in a crowded city might not have a bad impact on people's
health previously expected, yet one should be careful since excessive
inhalation, poisons the nervous and cardiovascular system and leads to death.
BRIEF: Nailers
tied for 2nd in the Eastern Conference
Times Leader (Wilkes-Barre, PA): 13 November 2011
[What follows is the full text of the news story.]
Nov. 13--Following
a 4-1 loss to Florida on Wednesday, the Nailers are tied for second place in
the Eastern Conference with 12 points.
Chris Barton (six
goals, four assists) and Patrick Johnson (three goals, seven assists) are tied
for the team scoring lead with 10 points. Cody Chupp, Matt Rust and Ryan
Schnell, all of whom were sent to Wheeling this week by the Penguins, didn't
score Wednesday. But one of them still managed an eventful night.
Schnell totaled 19
penalty minutes in Wednesday's game with two minors, a fighting major and a
10-minute misconduct.
The Nailers play
Florida two more times this weekend.
Tweet Follow
@TLbreaking
___
(c)2011 The Times
Leader (Wilkes-Barre, Pa.)
Visit The Times
Leader (Wilkes-Barre, Pa.) at www.timesleader.com
Distributed by MCT
Information Services
Annual Profit & Loss
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
|
Consolidated |
No |
No |
No |
|
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|
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|
Total income |
60.1 |
108.1 |
110.0 |
|
Net sales |
59.3 |
103.5 |
102.4 |
|
Other operating income |
3.6 |
6.0 |
5.0 |
|
Raw materials and consumables employed |
26.5 |
50.8 |
48.8 |
|
Other expenses |
18.1 |
34.2 |
35.0 |
|
Total payroll costs |
11.3 |
15.6 |
14.2 |
|
Fixed asset depreciation and amortisation |
1.3 |
0.9 |
1.0 |
|
Other operating costs |
1.7 |
2.4 |
1.3 |
|
Net operating income |
1.0 |
4.2 |
9.8 |
|
Total financial income |
0.3 |
1.2 |
0.8 |
|
Total expenses |
0.7 |
1.2 |
0.7 |
|
Profit before tax |
0.6 |
4.3 |
9.9 |
|
Extraordinary result |
0.3 |
0.8 |
- |
|
Profit after extraordinary items and before tax |
0.9 |
5.1 |
9.8 |
|
Total taxation |
0.5 |
1.6 |
3.8 |
|
Net profit |
0.3 |
3.4 |
6.0 |
|
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Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders equity |
28.1 |
26.9 |
23.8 |
|
Provision for risks |
1.1 |
0.9 |
0.8 |
|
Provision for pensions |
3.3 |
2.9 |
2.7 |
|
Mortgages and loans |
17.4 |
12.7 |
7.8 |
|
Other long-term liabilities |
0.1 |
0.1 |
0.1 |
|
Trade creditors |
11.6 |
17.0 |
23.4 |
|
Bank loans and overdrafts |
6.9 |
4.6 |
11.1 |
|
Other current liabilities |
9.7 |
10.8 |
11.2 |
|
Accruals and deferred income |
1.4 |
1.7 |
2.0 |
|
Total current liabilities |
29.6 |
34.0 |
47.8 |
|
Total liabilities (including net worth) |
79.5 |
77.5 |
82.8 |
|
Intangibles |
1.8 |
0.3 |
0.4 |
|
Buildings |
4.1 |
4.1 |
2.9 |
|
Total tangible fixed assets |
6.2 |
6.3 |
5.3 |
|
Long-term investments |
4.8 |
3.7 |
3.5 |
|
Total financial assets |
4.8 |
3.7 |
3.5 |
|
Receivables due after 1 year |
0.0 |
0.0 |
0.0 |
|
Loans to associated companies |
- |
- |
0.0 |
|
Total non-current assets |
12.9 |
10.3 |
9.2 |
|
Finished goods |
10.8 |
15.3 |
17.6 |
|
Net stocks and work in progress |
20.9 |
27.6 |
33.7 |
|
Trade debtors |
19.4 |
18.3 |
21.6 |
|
Other receivables |
12.2 |
11.8 |
10.4 |
|
Cash and liquid assets |
12.7 |
7.7 |
6.7 |
|
Accruals |
1.5 |
1.6 |
1.3 |
|
Total current assets |
66.6 |
67.2 |
73.6 |
|
Total assets |
79.5 |
77.5 |
82.8 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Sales per employee |
0.31 |
0.55 |
0.58 |
|
Profit per employee |
0.00 |
0.03 |
0.06 |
|
Average wage per employee |
0.06 |
0.08 |
0.08 |
|
Net worth |
28.1 |
26.9 |
23.8 |
|
Number of employees |
266 |
250 |
250 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
|
1 |
Rs.80.50 |
|
Euro |
1 |
Rs.69.14 |
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.