MIRA
INFORM REPORT
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Report Date : |
22.09.2011 |
IDENTIFICATION DETAILS
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Name : |
WEIR GABBIONETA SRL |
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Registered Office : |
Via Casiraghi 68 Sesto San Giovanni, 20099 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
21.09.2005 |
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Com. Reg. No.: |
04990950968 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of pumps and compressors |
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 – 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 |
Company name and address
Weir Gabbioneta SRL
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Business
Description
|
Weir Gabbioneta SRL is primarily engaged in manufacture of pumps and
compressors. |
Industry
|
Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
245 - Pump, Compressor, Heating and
Ventilation Equipment Manufacturing |
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NACE 2002: |
2912 - Manufacture of pumps and
compressors |
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NAICS 2002: |
33391 - Pump and Compressor Manufacturing |
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UK SIC 2003: |
2912 - Manufacture of pumps and
compressors |
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US SIC 1987: |
3561 - Pumps and Pumping Equipment |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Weir Gabbioneta
SRL |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Glasgow |
United Kingdom |
Miscellaneous Capital Goods |
2,524.8 |
11,789 |
|
|
Subsidiary |
Artarmon, NSW |
Australia |
Miscellaneous Fabricated Products |
62.6 |
500 |
|
|
Subsidiary |
White Settlement, TX |
United States |
Aerospace and Defense |
20.0 |
500 |
|
|
Joint Venture |
Abu Dhabi |
United Arab Emirates |
Metal Mining |
|
350 |
|
|
Subsidiary |
Sesto San Giovanni, Milano (Milan) |
Italy |
Miscellaneous Capital Goods |
140.3 |
275 |
|
|
Subsidiary |
Elland |
United Kingdom |
Miscellaneous Fabricated Products |
46.0 |
219 |
|
|
Subsidiary |
Chateauneuf Les Martigues |
France |
Miscellaneous Fabricated Products |
56.1 |
215 |
|
|
Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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|
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|
Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
|
160 |
|
|
Subsidiary |
Artarmon, NSW |
Australia |
Miscellaneous Capital Goods |
6.7 |
67 |
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|
Subsidiary |
Safat |
Kuwait |
Engineering Consultants |
|
60 |
|
|
Subsidiary |
Currie |
United Kingdom |
Business Services |
39.9 |
55 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Capital Goods |
|
50 |
|
|
Subsidiary |
Aberdeen |
United Kingdom |
Miscellaneous Capital Goods |
26.3 |
46 |
|
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Subsidiary |
Poperinge |
Belgium |
Investment Services |
1.7 |
12 |
|
|
Subsidiary |
Lahti |
Finland |
Miscellaneous Capital Goods |
0.8 |
8 |
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Subsidiary |
Cernusco Sul Naviglio, Milano (Milan) |
Italy |
Construction and Agriculture Machinery |
3.6 |
5 |
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Subsidiary |
Chateauneuf Les Martigues |
France |
Commercial Banks |
|
1 |
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Subsidiary |
Bron |
France |
Miscellaneous Capital Goods |
21.4 |
74 |
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Subsidiary |
Turnhout |
Belgium |
Miscellaneous Capital Goods |
1.6 |
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Subsidiary |
Manchester, |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
JundiaĂ, SP |
Brazil |
Miscellaneous Capital Goods |
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Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Business Services |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Oldham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Petersfield |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Billingham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Bristol |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Miscellaneous Capital Goods |
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Subsidiary |
Isando |
South Africa |
Metal Mining |
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350 |
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Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
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Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
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Subsidiary |
Aberdeen |
United Kingdom |
Miscellaneous Capital Goods |
178.1 |
896 |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Business Services |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
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Subsidiary |
Glasgow |
United Kingdom |
Business Services |
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Subsidiary |
Glasgow |
United Kingdom |
Consumer Financial Services |
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Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
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Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
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Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Consumer Financial Services |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
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Subsidiary |
Todmorden |
United Kingdom |
Miscellaneous Capital Goods |
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Subsidiary |
Todmorden |
United Kingdom |
Miscellaneous Capital Goods |
96.8 |
363 |
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Subsidiary |
Elland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Executives Report
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
140.4 |
142.8 |
122.9 |
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Net sales |
140.3 |
142.7 |
122.7 |
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Other operating income |
0.1 |
0.1 |
0.2 |
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Raw materials and consumables employed |
51.2 |
54.3 |
51.2 |
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Other expenses |
30.7 |
30.5 |
23.2 |
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Total payroll costs |
22.9 |
23.9 |
21.8 |
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Fixed asset depreciation and amortisation |
9.5 |
10.6 |
11.2 |
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Other operating costs |
1.0 |
0.2 |
0.2 |
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Net operating income |
25.2 |
23.1 |
15.3 |
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Total financial income |
- |
- |
0.2 |
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Total expenses |
2.7 |
4.0 |
9.4 |
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Profit before tax |
22.4 |
19.1 |
6.0 |
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Profit after extraordinary items and before tax |
22.0 |
19.0 |
6.0 |
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Total taxation |
9.6 |
8.4 |
5.3 |
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Net profit |
12.4 |
10.6 |
0.8 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
42.9 |
32.5 |
20.9 |
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Provision for risks |
8.0 |
5.8 |
4.5 |
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Provision for pensions |
2.9 |
3.4 |
3.5 |
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Other long-term liabilities |
67.1 |
80.3 |
109.1 |
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Trade creditors |
19.2 |
38.7 |
23.7 |
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Advances received |
14.6 |
34.8 |
31.0 |
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Other current liabilities |
9.2 |
13.3 |
7.3 |
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Accruals and deferred income |
- |
- |
0.0 |
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Total current liabilities |
43.0 |
86.7 |
62.0 |
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Total liabilities (including net worth) |
163.8 |
208.8 |
200.0 |
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Intangibles |
88.4 |
102.2 |
106.2 |
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Buildings |
0.4 |
0.4 |
- |
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Total tangible fixed assets |
5.8 |
5.9 |
5.8 |
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Long-term investments |
- |
0.0 |
0.0 |
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Total financial assets |
0.0 |
0.0 |
0.0 |
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Receivables due after 1 year |
2.6 |
1.9 |
- |
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Total non-current assets |
96.8 |
110.0 |
112.1 |
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Work in progress |
6.4 |
13.4 |
20.1 |
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Net stocks and work in progress |
21.4 |
47.6 |
31.2 |
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Trade debtors |
35.9 |
45.2 |
45.3 |
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Other receivables |
7.3 |
2.9 |
8.5 |
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Cash and liquid assets |
0.5 |
0.5 |
1.0 |
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Accruals |
1.9 |
2.6 |
1.9 |
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Total current assets |
67.0 |
98.8 |
87.9 |
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Total assets |
163.8 |
208.8 |
200.0 |
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Annual Ratios |
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Financials in:
USD (mil) |
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Sales per employee |
0.75 |
0.75 |
0.36 |
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Profit per employee |
0.12 |
0.10 |
0.02 |
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Average wage per employee |
0.12 |
0.13 |
0.06 |
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Net worth |
42.9 |
32.5 |
20.9 |
|
Number of employees |
275 |
265 |
450 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.89 |
|
|
1 |
Rs.75.31 |
|
Euro |
1 |
Rs.65.63 |
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.