MIRA
INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
GRUPPO TECNOFERRARI SPA |
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Registered Office : |
Via Ghiarola Vecchia 91 Fiorano Modenese, 41042 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
25.06.1990 |
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Com. Reg. No.: |
01984990364 |
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Legal Form : |
Public Parent |
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Line of Business : |
Manufacture of other special purpose machinery not elsewhere classified |
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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name and address
Gruppo Tecnoferrari SpA
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Business
Description
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Gruppo Tecnoferrari SpA 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 |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment
Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2956 - Manufacture of other special
purpose machinery not elsewhere classified |
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NAICS 2002: |
333298 - All Other Industrial Machinery
Manufacturing |
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UK SIC 2003: |
2956 - Manufacture of other special
purpose machinery not elsewhere classified |
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US SIC 1987: |
3559 - Special Industry Machinery, Not
Elsewhere Classified |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.6836792
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7193986
Corporate Overview
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Corporate Structure News
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Gruppo
Tecnoferrari SpA |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Fiorano Modenese, Modena |
Italy |
Miscellaneous Capital Goods |
63.7 |
137 |
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Subsidiary |
Fiorano Modenese, Modena |
Italy |
Miscellaneous Capital Goods |
6.7 |
12 |
Executives Report
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Annual Profit & Loss
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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 |
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Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
35.2 |
64.9 |
67.8 |
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Net sales |
35.9 |
63.7 |
65.4 |
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Other operating income |
0.8 |
1.3 |
1.8 |
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Raw materials and consumables employed |
15.0 |
31.2 |
33.9 |
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Other expenses |
10.7 |
15.7 |
16.3 |
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Total payroll costs |
8.9 |
11.6 |
10.4 |
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Fixed asset depreciation and amortisation |
0.5 |
1.6 |
0.8 |
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Other operating costs |
0.1 |
0.4 |
0.2 |
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Net operating income |
- |
4.3 |
6.3 |
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Total financial income |
0.2 |
0.8 |
0.6 |
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Total expenses |
0.2 |
0.5 |
0.4 |
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Profit before tax |
- |
4.6 |
6.5 |
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Extraordinary result |
0.2 |
0.1 |
- |
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Profit after extraordinary items and before tax |
0.1 |
4.7 |
6.4 |
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Total taxation |
0.4 |
2.2 |
3.3 |
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Net profit |
- |
2.5 |
3.2 |
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Net loss |
0.2 |
- |
- |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
28.2 |
27.6 |
26.5 |
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Provision for risks |
5.0 |
4.9 |
5.2 |
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Provision for pensions |
1.3 |
1.4 |
1.6 |
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Mortgages and loans |
- |
1.8 |
3.0 |
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Other long-term liabilities |
0.5 |
0.5 |
0.7 |
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Trade creditors |
11.3 |
11.1 |
17.4 |
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Bank loans and overdrafts |
- |
1.1 |
1.4 |
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Other current liabilities |
3.6 |
5.7 |
8.8 |
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Accruals and deferred income |
0.9 |
1.2 |
1.2 |
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Total current liabilities |
15.8 |
19.1 |
28.8 |
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Total liabilities (including net worth) |
50.8 |
55.3 |
65.8 |
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Intangibles |
0.1 |
0.1 |
0.2 |
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Buildings |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.9 |
1.1 |
1.5 |
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Total financial assets |
1.2 |
1.1 |
1.2 |
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Receivables due after 1 year |
1.4 |
1.6 |
1.0 |
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Total non-current assets |
3.5 |
4.0 |
3.9 |
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Finished goods |
1.7 |
3.2 |
3.4 |
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Net stocks and work in progress |
2.6 |
5.4 |
6.2 |
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Trade debtors |
19.1 |
30.7 |
32.8 |
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Other receivables |
9.2 |
6.0 |
8.7 |
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Cash and liquid assets |
14.7 |
9.0 |
14.0 |
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Marketable securities |
1.4 |
- |
- |
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Accruals |
0.1 |
0.1 |
0.2 |
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Total current assets |
47.3 |
51.2 |
61.9 |
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Total assets |
50.8 |
55.3 |
65.8 |
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Annual Ratios |
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Financials in:
USD (mil) |
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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 |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Sales per employee |
0.21 |
0.56 |
0.62 |
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Profit per employee |
0.00 |
0.04 |
0.06 |
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Average wage per employee |
0.05 |
0.10 |
0.10 |
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Net worth |
28.2 |
27.6 |
26.5 |
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Number of employees |
240 |
150 |
150 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.02 |
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1 |
Rs.77.13 |
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Euro |
1 |
Rs.67.55 |
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 |
-- |
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.