MIRA INFORM REPORT

 

 

Report Date :           

11.04.2012

 

IDENTIFICATION DETAILS

 

Name :

REGGIANI MACCHINE SPA

 

 

Registered Office :

Via Zanica 17/O, Grassobbio, 24050

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

06.12.1994

 

 

Com. Reg. No.:

02349480166

 

 

Legal Form :

Public Parent Company

 

 

Line of Business :

manufacture of machinery for working soft rubber or plastics

 

 

No. of Employees :

124

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

Italy

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address

 

Reggiani Macchine SpA

Via Zanica 17/O

Grassobbio, 24050

Italy

Tel:       +39 0353 844511

Fax:      +39 0355 26952

 

 

Synthesis

 

Employees:                  124

Company Type: Public Parent

Corporate Family:          2 Companies

Incorporation Date:         06-Dec-1994    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               39.6

Total Assets:                 57.5

 

 

Business Description

 

Reggiani Macchine 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:    2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified

NACE 2002:      2956 - Manufacture of other special purpose machinery not elsewhere classified

NAICS 2002:     333298 - All Other Industrial Machinery Manufacturing

UK SIC 2003:    2956 - Manufacture of other special purpose machinery not elsewhere classified

US SIC 1987:    3555 - Printing Trades Machinery and Equipment

 

           


Key Executives   

 

Name

Title

Alfredo Gianetti

President

Alfredo Brignoli

Vice president

Giuseppe Moggi

Vice president

Ambrogio Caccia Dominioni

Member of the board

Jacopo Moggi

Member of the board

 

Registered No.(ITA): 02349480166

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

Location

Via Zanica 17/O

Grassobbio, 24050

Italy

Tel:       +39 0353 844511

Fax:      +39 0355 26952

           

Sales EUR(mil): 29.9

Assets EUR(mil):           42.9

Employees:                   124

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         06-Dec-1994

Company Type: Public Parent

Quoted Status:              Not Quoted

Registered No.(ITA):       02349480166

Member of the board:     Ambrogio Caccia Dominioni

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Subsidiaries

·         Key Corporate Relationships

 

 

Industry Codes

 

ANZSIC 2006 Codes:

692       -          Architectural, Engineering and Technical Services

2469     -          Other Specialised Machinery and Equipment Manufacturing

2499     -          Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

7420     -          Architectural and engineering activities and related technical consultancy

2956     -          Manufacture of other special purpose machinery not elsewhere classified

2954     -          Manufacture of machinery for textile, apparel and leather production

 

NAICS 2002 Codes:

333292  -          Textile Machinery Manufacturing

333298  -          All Other Industrial Machinery Manufacturing

5413     -          Architectural, Engineering, and Related Services

 

US SIC 1987:

3555     -          Printing Trades Machinery and Equipment

3552     -          Textile Machinery

871       -          Engineering, Architectural, and Surveying

 

UK SIC 2003:

2956     -          Manufacture of other special purpose machinery not elsewhere classified

7420     -          Architectural and engineering activities and related technical consultancy

2954     -          Manufacture of machinery for textile, apparel and leather production

 

Business Description

Reggiani Macchine 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.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

29.9

Assets:

42.9

Current Assets:

30.3

 

Total Liabilities:

42.9

 

Net Worth:

7.5

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

10.5%

NA

 

Subsidiaries

Company

Percentage Owned

Country

D.T.C. digital Technological Center SRL

 

Italy

Jaeggli Meccanotessile SRL

 

Italy

 

 

 

 

Key Corporate Relationships

Bank:

Banca Nazionale del Lavoro sede di Bergamo, Banca Popolare di Intra sede di Bergamo, Banca Popolare di Milano sede di Bergamo

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Reggiani Macchine SpA

Total Corporate Family Members: 2 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Reggiani Macchine SpA

Parent

Grassobbio, Bergamo

Italy

Miscellaneous Capital Goods

39.6

124

 

Jaeggli Meccanotessile SRL

Subsidiary

Grassobbio, Bergamo

Italy

Construction and Agriculture Machinery

7.8

20

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Ambrogio Caccia Dominioni

 

Member of the board

Director/Board Member

 

Jacopo Moggi

 

Member of the board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Alfredo Gianetti

 

President

President

 

Alfredo Brignoli

 

Vice president

Other

 

Giuseppe Moggi

 

Vice president

Other

 

Antonino Tricomi

 

Executive

Other

 

Oreste Villa

 

Executive

Other

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

45.8

31.3

34.8

Net sales

39.6

23.9

30.7

Other operating income

1.0

2.6

2.6

Raw materials and consumables employed

23.0

13.1

15.8

Other expenses

7.2

5.4

5.7

Total payroll costs

8.5

7.5

8.3

Fixed asset depreciation and amortisation

2.5

2.2

1.7

Other operating costs

1.5

1.2

1.4

Net operating income

3.1

2.0

1.8

Total financial income

0.2

0.2

0.3

Total expenses

1.3

1.4

1.3

Profit before tax

2.0

0.8

0.8

Profit after extraordinary items and before tax

0.9

0.4

0.4

Total taxation

0.7

0.4

0.4

Net profit

0.2

0.0

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

10.1

10.6

6.5

Provision for risks

0.0

0.2

0.4

Provision for pensions

1.7

1.8

1.8

Mortgages and loans

1.0

-

-

Other long-term liabilities

7.5

4.8

2.4

Trade creditors

15.7

11.6

12.1

Bank loans and overdrafts

14.2

6.2

5.9

Other current liabilities

7.2

14.2

11.0

Accruals and deferred income

0.2

0.4

0.6

Total current liabilities

37.2

32.5

29.5

Total liabilities (including net worth)

57.5

49.9

40.6

Intangibles

9.0

9.0

6.9

Total tangible fixed assets

5.3

2.0

2.7

Long-term investments

2.3

2.5

2.4

Total financial assets

2.3

5.8

4.7

Receivables due after 1 year

0.3

0.3

0.6

Loans to associated companies

-

3.3

2.3

Total non-current assets

16.9

17.1

14.9

Finished goods

6.3

7.1

5.3

Net stocks and work in progress

8.8

9.3

8.0

Trade debtors

12.8

15.3

10.9

Other receivables

17.1

7.2

6.0

Cash and liquid assets

1.5

0.9

0.7

Marketable securities

0.1

-

-

Accruals

0.2

0.1

0.2

Total current assets

40.6

32.8

25.7

Total assets

57.5

49.9

40.6

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Sales per employee

0.59

0.33

0.24

Profit per employee

0.01

0.01

0.00

Average wage per employee

0.13

0.10

0.07

Net worth

10.1

10.6

6.5

Number of employees

98

102

168

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.20

UK Pound

1

Rs.81.50

Euro

1

Rs.67.15

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.