MIRA INFORM
REPORT
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Report Date : |
18.07.2011 |
IDENTIFICATION DETAILS
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Name : |
GILDEMEISTER ITALIANA SPA |
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Registered Office : |
Via G. Donizetti 138, Brembate di Sopra, 24030 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
12.03.1966 |
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Com. Reg. No.: |
00227920162 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Machine Tool and Parts Manufacturing |
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 : |
Unknown |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Bottom of Form
Company name & address
Gildemeister Italiana SpA
Via G. Donizetti 138
Brembate di Sopra, 24030
Italy
Tel: 39 (035) 607111
Fax: +39 0356 07222
Website www.gildemeister.com
company summary
Employees: 320
Company Type: Public Subsidiary
Corporate Family: 49
Companies
Ultimate Parent: Gildemeister AG
Incorporation Date:
12-Mar-1966
Financials in
Fiscal Year End:
31-Dec-2007
Reporting Currency: Euro
Annual Sales: 149.6
Total Assets: 176.3
Business Description
Gildemeister Italiana SpA is primarily engaged in manufacture of machine tools for working metal operated by laser and the like: machining centres and the like; manufacture of lathes, boring and milling machines for working metals; manufacture of other machine tools for working metal; and manufacture of parts and accessories for metalworking machine-tools.
Industry
Industry Miscellaneous
Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2942 - Manufacture
of other metalworking machine tools
NAICS 2002: 333512 - Machine
Tool (Metal Cutting Types) Manufacturing
UK SIC 2003: 2942 - Manufacture
of other metalworking machine tools
US SIC 1987: 3541 - Machine
Tools, Metal Cutting Types
Key Executives
Name Title
Alessandro Batisti Amministratore Delegato
Rudiger Kapitza Presidente infoUSA
Claudio Arrigoni Product Sales Manager Graham & Whiteside
Maria Grazia Pusineri Responsabile-Segretario Generale
Francesco Laiacona Responsabile-Sistemi Informativi
Key IDSM Number: 42411888
Registered No.(ITA): 00227920162
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7306374
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6839711
Location
Via G. Donizetti 138
Brembate di Sopra, 24030
Italy
Tel: 39 (035) 607111
Fax: +39 0356 07222
www.gildemeister.com
Sales EUR(mil): 109.3
Assets EUR(mil): 120.6
Employees: 320
Fiscal Year End: 31-Dec-2007
KeyIDSM: 42411888
Industry: Miscellaneous Capital Goods
Corporate Overview
Incorporation Date: 12-Mar-1966
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered No.(ITA): 00227920162
Amministratore Alessandro
Delegato: Batisti
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2463 - Machine Tool and Parts Manufacturing
NACE 2002 Codes:
2942 - Manufacture of other metalworking machine tools
2943 - Manufacture of other machine tools not elsewhere classified
NAICS 2002 Codes:
333512 - Machine Tool (Metal Cutting Types) Manufacturing
333210 - Sawmill and Woodworking Machinery Manufacturing
333515 - Cutting Tool and Machine Tool Accessory Manufacturing
US SIC 1987:
3541 - Machine Tools, Metal Cutting Types
3553 - Woodworking Machinery
3545 - Cutting Tools, Machine Tool Accessories, and Machinists'
Precision Measuring Devices
UK SIC 2003:
2943 - Manufacture of other machine tools not elsewhere classified
2942 - Manufacture of other metalworking machine tools
Business Description
Production and sale of multispindle lathes and CNC lathes with moving
spindle heads
More Business Descriptions
Gildemeister
Italiana SpA is primarily engaged in manufacture of machine tools for working
metal operated by laser and the like: machining centres and the like;
manufacture of lathes, boring and milling machines for working metals;
manufacture of other machine tools for working metal; and manufacture of parts
and accessories for metalworking machine-tools.
Metalworking
Machinery Manufacturing
Financial Data
Financials in: EUR(mil)
1
year Growth
Revenue: 109.3 32.4%
Assets: 120.6 NA
Current Assets: 114.1
Total Liabilities: 120.6
Net Worth: 70.7
Date of Financial Data: 31-Dec-2007
Subsidiaries
Company Percentage
Owned Country
SACO SpA 100% ITALY
Gildemeister Italiana Sro 100% CZECH
REPUBLIC
Graziano Tortona Srl 100% ITALY
Key Corporate Relationships
Bank: Banca Nazionale del Lavoro
Ag, Ubi Banca Popolare di Bergamo Ag
Corporate Family Corporate Structure News:
· Gildemeister AG
· Gildemeister Italiana SpA
Gildemeister
Italiana SpA
Total Corporate
Family Members: 49
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Bielefeld |
Germany |
Miscellaneous Capital Goods |
1,896.7 |
5,625 |
|
|
Subsidiary |
Pleszew |
Poland |
Miscellaneous Capital Goods |
|
483 |
|
|
Subsidiary |
Brembate di Sopra, BG |
Italy |
Miscellaneous Capital Goods |
149.6 |
320 |
|
|
Subsidiary |
Würzburg, Bayern |
Germany |
Appliance and Tool |
|
100 |
|
|
Subsidiary |
Courtaboeuf Cedex |
France |
Miscellaneous Capital Goods |
75.0 |
80 |
|
|
Subsidiary |
Schaumburg, IL |
United States |
Miscellaneous Capital Goods |
27.2 |
50 |
|
|
Subsidiary |
Mississauga, ON |
Canada |
Miscellaneous Capital Goods |
21.3 |
30 |
|
|
Subsidiary |
Dübendorf, Zurich |
Switzerland |
Miscellaneous Capital Goods |
22.1 |
46 |
|
|
Subsidiary |
Bielefeld, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
|
38 |
|
|
Subsidiary |
Pfronten, Bayern |
Germany |
Business Services |
|
140 |
|
|
Subsidiary |
Bielefeld, Nordrhein-Westfalen |
Germany |
Appliance and Tool |
|
115 |
|
|
DMG
Stuttgart Vertriebs und Service GmbH DECKEL MAHO GILDEMEISTER |
Subsidiary |
Leonberg, Baden-Württemberg |
Germany |
Appliance and Tool |
1.0 |
110 |
|
DMG Hilden
Vertriebs und Service GmbH DECKEL MAHO GILDEMEISTER |
Subsidiary |
Hilden, Nordrhein-Westfalen |
Germany |
Appliance and Tool |
1.0 |
90 |
|
DMG
München Vertriebs und Service GmbH für Werkzeugmaschinen DECKEL MAHO
GILDEMEISTER |
Subsidiary |
Geretsried, Bayern |
Germany |
Appliance and Tool |
1.0 |
70 |
|
DMG
Bielefeld Vertriebs und Service GmbH DECKEL MAHO GILDEMEISTER |
Subsidiary |
Bielefeld, Nordrhein-Westfalen |
Germany |
Appliance and Tool |
|
70 |
|
DMG Berlin
Vertriebs und Service GmbH DECKEL MAHO GILDEMEISTER |
Subsidiary |
Berlin, Berlin |
Germany |
Appliance and Tool |
|
59 |
|
Branch |
Neukirchen |
Germany |
Miscellaneous Capital Goods |
1.0 |
10 |
|
|
DMG
Frankfurt am Main Vertriebs und Service GmbH DECKEL MAHO GILDEMEISTER |
Subsidiary |
Bad Homburg, Hessen |
Germany |
Appliance and Tool |
|
45 |
|
Subsidiary |
Seebach, Thüringen |
Germany |
Appliance and Tool |
|
60 |
|
|
Subsidiary |
Geretsried, Bayern |
Germany |
Appliance and Tool |
1.0 |
47 |
|
|
Subsidiary |
Bielefeld, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
|
20 |
|
|
Subsidiary |
Luton |
United Kingdom |
Miscellaneous Capital Goods |
27.2 |
36 |
|
|
Subsidiary |
Leonberg |
Germany |
Miscellaneous Capital Goods |
23.7 |
30 |
|
|
Subsidiary |
Yokohama |
Japan |
Miscellaneous Capital Goods |
1.0 |
30 |
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Subsidiary |
Taichung |
Taiwan |
Miscellaneous Capital Goods |
1.0 |
25 |
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Subsidiary |
Brno |
Czech Republic |
Miscellaneous Capital Goods |
|
25 |
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Subsidiary |
Veenendaal, Utrecht |
Netherlands |
Construction and Agriculture Machinery |
|
25 |
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Subsidiary |
Les Ulis |
France |
Construction and Agriculture Machinery |
60.8 |
74 |
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Subsidiary |
Bielefeld, Nordrhein-Westfalen |
Germany |
Commercial Banks |
29.5 |
22 |
|
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Subsidiary |
Pfronten |
Germany |
Miscellaneous Capital Goods |
760.6 |
1,165 |
|
|
Subsidiary |
Stipshausen, Rheinland-Pfalz |
Germany |
Miscellaneous Capital Goods |
|
120 |
|
|
Subsidiary |
Bielefeld, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
259.2 |
800 |
|
|
Subsidiary |
Ruhla |
Germany |
Miscellaneous Capital Goods |
1.0 |
550 |
|
|
Subsidiary |
Pfronten, Bayern |
Germany |
Software and Programming |
|
45 |
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Subsidiary |
Hüfingen, Baden-Württemberg |
Germany |
Scientific and Technical Instruments |
|
40 |
|
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Subsidiary |
Brembate Di Sopra, Bergamo |
Italy |
Commercial Banks |
2.6 |
1 |
|
|
Subsidiary |
Tortona, Alessandria |
Italy |
Miscellaneous Capital Goods |
86.4 |
150 |
|
|
Subsidiary |
Brembate Sopra, Bergamo |
Italy |
Construction and Agriculture Machinery |
89.1 |
86 |
|
|
Subsidiary |
Lecce, Lecce |
Italy |
Miscellaneous Financial Services |
29.5 |
2 |
|
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Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
6.0 |
20 |
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Branch |
Farum |
Denmark |
Miscellaneous Fabricated Products |
|
20 |
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Subsidiary |
Shah Alam, Selangor |
Malaysia |
Miscellaneous Capital Goods |
4.7 |
14 |
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Subsidiary |
Scionzier |
France |
Miscellaneous Capital Goods |
|
13 |
|
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Subsidiary |
Senigallia |
Italy |
Construction and Agriculture Machinery |
75.0 |
|
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Subsidiary |
Siheung |
Korea, Republic of |
Miscellaneous Capital Goods |
13.6 |
|
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Subsidiary |
Bangalore |
India |
Miscellaneous Capital Goods |
1.0 |
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Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
1.0 |
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Subsidiary |
Bielefeld |
Germany |
Schools |
1.0 |
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Subsidiary |
Clayton, VIC |
Australia |
Miscellaneous Capital Goods |
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News:
0 Matches
Articles: 0 Matches
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period
Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
24.9 |
142.0 |
155.5 |
|
Net sales |
38.7 |
126.8 |
149.6 |
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Other operating income |
9.2 |
2.0 |
0.7 |
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Raw materials and consumables employed |
4.0 |
66.4 |
70.4 |
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Other expenses |
20.2 |
46.2 |
44.7 |
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Total payroll costs |
16.4 |
28.4 |
26.2 |
|
Fixed asset depreciation and amortisation |
2.3 |
2.2 |
3.5 |
|
Other operating costs |
1.9 |
2.5 |
2.3 |
|
Net operating income |
- |
- |
8.3 |
|
Total financial income |
1.0 |
2.0 |
2.8 |
|
Total expenses |
0.8 |
1.2 |
1.0 |
|
Profit before tax |
- |
- |
10.1 |
|
Profit after extraordinary items and before tax |
- |
- |
10.1 |
|
Total taxation |
- |
0.9 |
- |
|
Net profit |
- |
- |
16.5 |
|
Net loss |
17.5 |
3.8 |
- |
Annual Balance Sheet
Financials in: USD (mil)
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|
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 |
|
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|
|
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|
Total stockholders equity |
79.7 |
94.7 |
103.4 |
|
Provision for risks |
4.0 |
3.4 |
5.0 |
|
Provision for pensions |
6.2 |
6.1 |
6.6 |
|
Mortgages and loans |
1.5 |
- |
1.8 |
|
Trade creditors |
16.9 |
36.8 |
42.5 |
|
Bank loans and overdrafts |
3.8 |
6.0 |
3.3 |
|
Other current liabilities |
8.4 |
6.4 |
12.5 |
|
Accruals and deferred income |
0.7 |
1.2 |
1.2 |
|
Total current liabilities |
29.9 |
50.5 |
59.6 |
|
Total liabilities (including net worth) |
121.2 |
154.6 |
176.3 |
|
Intangibles |
7.2 |
7.1 |
6.7 |
|
Total tangible fixed assets |
2.6 |
2.0 |
2.2 |
|
Long-term investments |
0.0 |
0.0 |
0.0 |
|
Total financial assets |
0.0 |
0.0 |
0.0 |
|
Receivables due after 1 year |
0.6 |
- |
0.5 |
|
Loans to associated companies |
- |
- |
0.0 |
|
Total non-current assets |
10.3 |
9.1 |
9.5 |
|
Finished goods |
22.7 |
45.6 |
35.8 |
|
Net stocks and work in progress |
53.3 |
62.4 |
46.2 |
|
Trade debtors |
22.9 |
44.7 |
58.2 |
|
Other receivables |
32.3 |
36.0 |
57.0 |
|
Cash and liquid assets |
1.8 |
1.1 |
4.2 |
|
Accruals |
0.7 |
1.2 |
1.1 |
|
Total current assets |
110.9 |
145.5 |
166.8 |
|
Total assets |
121.2 |
154.6 |
176.3 |
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 |
0.17 |
0.52 |
0.66 |
|
Profit per employee |
- |
- |
0.04 |
|
Average wage per employee |
0.07 |
0.12 |
0.12 |
|
Net worth |
79.7 |
94.7 |
103.4 |
|
Number of employees |
320 |
320 |
320 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.53 |
|
UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.62.98 |
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.