MIRA INFORM REPORT

 

 

Report Date :           

09.01.2012

 

IDENTIFICATION DETAILS

 

Name :

GIOBERT SPA

 

 

Registered Office :

Via Pavia 82, Cascina Vica, Rivoli, 10098

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

27.10.2008

 

 

Com. Reg. No.:

09948100012

 

 

Legal Form :

Public Subsidiary Company

 

 

Line of Business :

manufacture of rivets, washers and similar non-threaded products

 

 

No. of Employees :

124

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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   

 

Giobert SpA

Via Pavia 82

Cascina Vica

Rivoli, 10098

Italy

Tel:       +39 0119 548711

Fax:      +39 0119 574280

 

 

Synthesis     

 

Employees:                  124

Company Type:            Public Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             Gbr SpA

Incorporation Date:         27-Oct-2008    

Financials in:                 usd (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               28.9

Total Assets:                 26.0

 

 

Business Description     

 

Giobert SpA is primarily engaged in manufacture of rivets, washers and similar non-threaded products; manufacture of screw machine products: bolts, screws, nuts; manufacture of springs (leaf springs, helical springs, torsion bar springs; leaves for springs); and manufacture of chain, except power transmission chain.

 

Industry

Industry            Miscellaneous Fabricated Products

ANZSIC 2006:    2292 - Nut, Bolt, Screw and Rivet Manufacturing

NACE 2002:      2874 - Manufacture of fasteners, screw machine products, chains and springs

NAICS 2002:     33272 - Turned Product and Screw, Nut, and Bolt Manufacturing

UK SIC 2003:    2874 - Manufacture of fasteners, screw machine products, chains and springs

US SIC 1987:    3452 - Bolts, Nuts, Screws, Rivets, and Washers

 

Kew executive

 

Name

Title

Paolo Giovanni Bertolino

President

Giovanni Bernabino

Member of the board

Giorgio Michele Bighetti

Member of the board

Marco Petrone

Member of the board

Roberto Romagnoli

Member of the board

 

Registered No.(ITA): 09948100012

 

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 Pavia 82

Cascina Vica

Rivoli, 10098

TORINO County

Italy

Tel:       +39 0119 548711

Fax:      +39 0119 574280

           

Sales EUR(mil)  :           21.9

Assets EUR(mil):           19.4

Employees:                   124

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Fabricated Products

Incorporation Date:         27-Oct-2008

Company Type:             Public Subsidiary

Quoted Status:              Not Quoted

Registered No.(ITA):       09948100012

Member of the board:     Giovanni Bernabino

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2292     -          Nut, Bolt, Screw and Rivet Manufacturing

2299     -          Other Fabricated Metal Product Manufacturing Not Elsewhere Classified

231       -          Motor Vehicle and Motor Vehicle Part Manufacturing

 

NACE 2002 Codes:

3430     -          Manufacture of parts and accessories for motor vehicles and their engines

2862     -          Manufacture of tools

2874     -          Manufacture of fasteners, screw machine products, chains and springs

 

NAICS 2002 Codes:

33631   -          Motor Vehicle Gasoline Engine and Engine Parts Manufacturing

33272   -          Turned Product and Screw, Nut, and Bolt Manufacturing

332212  -          Hand and Edge Tool Manufacturing

 

US SIC 1987:

3452     -          Bolts, Nuts, Screws, Rivets, and Washers

3714     -          Motor Vehicle Parts and Accessories

342       -          Cutlery, Handtools, and General Hardware

 

UK SIC 2003:

2862     -          Manufacture of tools

2874     -          Manufacture of fasteners, screw machine products, chains and springs

3430     -          Manufacture of parts and accessories for motor vehicles and their engines

 

Business Description

Giobert SpA is primarily engaged in manufacture of rivets, washers and similar non-threaded products; manufacture of screw machine products: bolts, screws, nuts; manufacture of springs (leaf springs, helical springs, torsion bar springs; leaves for springs); and manufacture of chain, except power transmission chain.

 

inancial Data

Financials in:

EUR(mil)

 

Revenue:

21.9

Assets:

19.4

Current Assets:

14.2

 

Total Liabilities:

19.4

 

Net Worth:

9.5

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

5.2%

NA

 

Key Corporate Relationships

Bank:

Unicredit Banca Ag, Banca del Piemonte Ag, Banca di Credito Cooperativo dell'Agrario Bresciano Ag

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Gbr SpA
Giobert SpA

Giobert SpA 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Gbr SpA

Parent

Rivoli

Italy

Business Services

1.1

4

 

Giobert SpA

Subsidiary

Rivoli

Italy

Miscellaneous Fabricated Products

28.9

124

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Giovanni Bernabino

 

Member of the board

Director/Board Member

 

Giorgio Michele Bighetti

 

Member of the board

Director/Board Member

 

Marco Petrone

 

Member of the board

Director/Board Member

 

Roberto Romagnoli

 

Member of the board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Paolo Giovanni Bertolino

 

President

President

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

Period Length

12 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

Consolidated

No

No

 

 

 

Total income

30.6

29.8

Net sales

28.9

28.9

Other operating income

0.1

0.2

Raw materials and consumables employed

15.0

13.0

Other expenses

7.1

8.6

Total payroll costs

6.9

7.2

Fixed asset depreciation and amortisation

1.6

1.2

Other operating costs

0.2

0.2

Net operating income

-0.2

-0.3

Total financial income

0.1

0.0

Total expenses

0.1

0.2

Profit before tax

-0.3

-0.5

Profit after extraordinary items and before tax

-0.3

-0.5

Total taxation

0.0

-0.1

Net loss

0.2

0.4

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

Filed Currency

EUR

EUR

Exchange Rate

0.745406

0.696986

Consolidated

No

No

 

 

 

Total stockholders equity

12.8

13.9

Provision for risks

0.3

0.1

Provision for pensions

0.9

1.0

Mortgages and loans

1.3

-

Other long-term liabilities

2.0

-

Trade creditors

5.5

5.6

Bank loans and overdrafts

0.5

1.4

Other current liabilities

2.7

5.8

Accruals and deferred income

0.0

0.2

Total current liabilities

8.7

12.9

Total liabilities (including net worth)

26.0

27.9

Intangibles

1.4

1.0

Total tangible fixed assets

4.0

3.6

Long-term investments

1.6

0.9

Total financial assets

1.6

1.6

Loans to associated companies

-

0.7

Total non-current assets

7.0

6.3

Finished goods

3.2

3.1

Net stocks and work in progress

5.9

5.6

Trade debtors

10.2

10.4

Other receivables

2.5

2.2

Cash and liquid assets

0.4

3.2

Accruals

0.0

0.3

Total current assets

19.0

21.7

Total assets

26.0

27.9

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

Period Length

12 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate

0.745406

0.696986

Consolidated

No

No

 

 

 

Current ratio

2.20

1.70

Quick ratio

1.50

1.20

Current liabilities to net worth

0.01%

0.01%

Sales per employee

0.18

0.16

Profit per employee

0.00

0.00

Average wage per employee

0.04

0.04

Net worth

12.8

13.9

Number of employees

124

127

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.81.79

Euro

1

Rs.67.46

 

 

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.