MIRA INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SALVAGNINI ITALIA SPA |
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Registered Office : |
Via Ing. G. Salvagnini 1, Sarego, 36040 |
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Country : |
Italy |
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Financials (as on) : |
30.04.2010 |
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Date of Incorporation : |
07.05.1993 |
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Com. Reg. No.: |
02338250240 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Manufacture of machinery for working soft rubber or plastics |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 30th, 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 & address
Salvagnini Italia SpA
Via Ing. G. Salvagnini 1
Sarego, 36040
Italy
Tel: 39 (0444) 725111
Fax: +39 0444 436404
Web: www.salvagnini.it
synthesis
Employees: 603
Company Type: Public Parent
Corporate Family: 5
Companies
Incorporation Date:
07-May-1993
Financials in: USD (millions)
Fiscal Year End:
30-Apr-2010
Reporting Currency: Euro
Annual Sales: 152.9
Total Assets: 212.0
Business Description
Salvagnini Italia
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
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2942 - Manufacture
of other metalworking machine tools
NAICS 2002: 333518 - Other
Metalworking Machinery Manufacturing
UK SIC 2003: 2942 - Manufacture
of other metalworking machine tools
US SIC 1987: 3549 -
Metalworking Machinery, Not Elsewhere Classified
Key Executives
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Name |
Title |
Source |
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Francesco Scarpari |
Amministratore Delegato |
infoUSA |
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Michele Taraschi |
Human Resources Director |
Graham & Whiteside |
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Claude Lucien Cornel Battheu |
Executive |
D&B |
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Giorgio Picci |
Member of the board |
D&B |
Registered No.(ITA): 02338250240
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7075491
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7520776
Corporate Overview
Location
Via Ing. G. Salvagnini 1
Sarego, 36040
Italy
Tel: 39 (0444) 725111
Fax: +39 0444 436404
Web: www.salvagnini.it
Sales EUR(mil): 108.2
Assets EUR(mil): 159.4
Employees: 603
Fiscal Year End: 30-Apr-2010
Industry: Miscellaneous
Capital Goods
Incorporation Date: 07-May-1993
Company Type: Public
Parent
Quoted Status: Not
Quoted
Registered No.(ITA): 02338250240
Amministratore
Delegato: Francesco
Scarpari
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
NAICS 2002 Codes:
333518 - Other Metalworking Machinery Manufacturing
US SIC 1987:
3549 - Metalworking Machinery, Not Elsewhere Classified
UK SIC 2003:
2942 - Manufacture of other metalworking machine tools
Business
Description
Manufacture of metal-working machinery; hydraulic and mechanical presses
More Business
Descriptions
· Salvagnini Italia 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.
· Metalworking Machinery Manufacturing
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Corporate Family |
Corporate Structure
News: |
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Total Corporate Family Members: 5 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Sarego, VI |
Italy |
Miscellaneous Capital Goods |
152.9 |
603 |
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Subsidiary |
Montefredane, Avellino |
Italy |
Miscellaneous Capital Goods |
18.2 |
75 |
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Subsidiary |
Hamilton, OH |
United States |
Miscellaneous Fabricated Products |
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60 |
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Executive report
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Board of Directors |
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Member of the board |
Director/Board Member |
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Amministratore Delegato |
Director/Board Member |
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Executives |
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Amministratore Delegato |
Chief Executive Officer |
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Managing director |
Managing Director |
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Human Resources Director |
Human Resources Executive |
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Executive |
Other |
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Annual Profit & Loss
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30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
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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) |
0.707549 |
0.717707 |
0.698503 |
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Consolidated |
No |
No |
No |
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Total income |
155.5 |
238.7 |
285.4 |
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Net sales |
152.9 |
231.2 |
281.6 |
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Other operating income |
4.6 |
4.9 |
3.6 |
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Raw materials and consumables employed |
91.0 |
139.0 |
166.9 |
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Other expenses |
25.4 |
38.6 |
45.9 |
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Total payroll costs |
36.8 |
41.3 |
46.4 |
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Fixed asset depreciation and amortisation |
4.7 |
4.3 |
3.2 |
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Other operating costs |
0.6 |
1.0 |
3.6 |
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Net operating income |
- |
14.6 |
19.6 |
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Total financial income |
8.0 |
2.1 |
- |
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Total expenses |
0.9 |
1.6 |
1.7 |
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Profit before tax |
4.2 |
15.0 |
15.8 |
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Profit after extraordinary items and before tax |
2.4 |
14.7 |
15.8 |
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Total taxation |
0.1 |
4.3 |
4.9 |
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Net profit |
2.3 |
10.4 |
10.9 |
Annual Balance Sheet
Financials in: USD
(mil)
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30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.752078 |
0.75466 |
0.642302 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
108.8 |
106.3 |
40.0 |
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Provision for risks |
5.4 |
5.2 |
6.1 |
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Provision for pensions |
13.2 |
13.4 |
15.9 |
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Mortgages and loans |
17.8 |
13.3 |
10.3 |
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Other long-term liabilities |
0.2 |
0.1 |
- |
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Trade creditors |
23.4 |
17.8 |
49.5 |
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Advances received |
9.3 |
2.6 |
18.6 |
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Bank loans and overdrafts |
14.2 |
22.4 |
6.0 |
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Other current liabilities |
18.4 |
26.4 |
24.5 |
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Accruals and deferred income |
1.2 |
0.8 |
1.1 |
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Total current liabilities |
66.5 |
70.2 |
99.7 |
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Total liabilities (including net worth) |
212.0 |
208.4 |
172.0 |
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Intangibles |
6.3 |
6.9 |
0.6 |
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Buildings |
34.4 |
34.9 |
8.9 |
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Total tangible fixed assets |
41.5 |
44.3 |
17.0 |
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Long-term investments |
38.6 |
38.1 |
4.4 |
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Total financial assets |
38.6 |
38.1 |
4.4 |
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Receivables due after 1 year |
3.9 |
1.0 |
- |
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Total non-current assets |
90.4 |
90.2 |
22.0 |
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Work in progress |
7.8 |
5.1 |
16.9 |
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Finished goods |
8.6 |
10.4 |
9.9 |
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Net stocks and work in progress |
33.3 |
34.4 |
53.5 |
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Trade debtors |
23.1 |
27.8 |
61.8 |
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Other receivables |
50.4 |
54.3 |
11.9 |
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Cash and liquid assets |
14.3 |
1.1 |
22.1 |
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Accruals |
0.6 |
0.6 |
0.7 |
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Total current assets |
121.6 |
118.2 |
150.1 |
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Total assets |
212.0 |
208.4 |
172.0 |
Annual Ratios
Financials in: USD (mil)
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30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
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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 |
0.752078 |
0.75466 |
0.642302 |
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Consolidated |
No |
No |
No |
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Sales per employee |
0.34 |
0.54 |
0.63 |
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Profit per employee |
0.01 |
0.03 |
0.04 |
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Average wage per employee |
0.08 |
0.10 |
0.10 |
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Net worth |
108.8 |
106.3 |
40.0 |
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Number of employees |
610 |
600 |
600 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.87 |
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UK Pound |
1 |
Rs.79.73 |
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Euro |
1 |
Rs.69.52 |
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.