MIRA
INFORM REPORT
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Report Date : |
06.07.2012 |
IDENTIFICATION DETAILS
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Name : |
OFFICINE MECCANICHE ALPE S.P.A. |
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Registered Office : |
Viale Seconda Strada 57, Zona Industriale, Arzignano, 36071 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.02.1985 |
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Com. Reg. No.: |
00871360244 |
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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 |
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No. of Employees : |
23 |
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 : |
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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
Officine Meccaniche Alpe S.P.A.
Viale Seconda Strada 57
Zona Industriale
Arzignano, 36071
Italy
Tel: +39 0444 451999
Fax: +39 0444 451988
Registration data
Employees: 23
Company Type: Public
Parent
Corporate Family: 2
Companies
Incorporation Date:
01-Feb-1985
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 12.9
Total Assets: 14.1
Business Description
OFFICINE MECCANICHE ALPE S.P.A. 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: 3559 - Special
Industry Machinery, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Alfonso Peloso |
President |
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Maria Bauce |
Member of the board |
Registered No.(ITA): 00871360244
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
Viale Seconda Strada 57
Zona Industriale
Arzignano, 36071
Italy
Tel: +39 0444 451999
Fax: +39 0444 451988
Sales EUR(mil): 9.7
Assets EUR(mil): 10.5
Employees: 23
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous
Capital Goods
Incorporation Date: 01-Feb-1985
Company Type: Public
Parent
Quoted Status: Not
Quoted
Registered No.(ITA): 00871360244
President: Alfonso
Peloso
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2956 - Manufacture of other special purpose machinery not
elsewhere classified
NAICS 2002 Codes:
333298 - All Other Industrial Machinery Manufacturing
US SIC 1987:
3559 - Special Industry Machinery, Not Elsewhere Classified
UK SIC 2003:
2956 - Manufacture of other special purpose machinery not
elsewhere classified
Business
Description
OFFICINE
MECCANICHE ALPE S.P.A. 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.
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Corporate
Family |
Corporate
Structure News: |
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Officine
Meccaniche Alpe S.P.A. |
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Officine Meccaniche Alpe S.P.A. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Officine Meccaniche Alpe S.P.A. |
Parent |
Arzignano, Vicenza |
Italy |
Miscellaneous Capital Goods |
12.9 |
35 |
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Alpe SpAk SRL |
Subsidiary |
Arzignano, Vicenza |
Italy |
Miscellaneous Capital Goods |
3.7 |
12 |
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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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Executives |
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President |
President |
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Annual Profit & Loss
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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 |
12.9 |
9.8 |
12.4 |
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Net sales |
12.9 |
9.7 |
12.2 |
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Other operating income |
0.1 |
0.2 |
0.3 |
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Raw materials and consumables employed |
8.3 |
5.9 |
7.0 |
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Other expenses |
1.9 |
1.4 |
2.2 |
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Total payroll costs |
2.1 |
1.9 |
2.4 |
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Fixed asset depreciation and amortisation |
0.0 |
0.1 |
0.1 |
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Other operating costs |
0.3 |
0.4 |
0.3 |
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Net operating
income |
0.3 |
0.1 |
0.4 |
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Total financial
income |
- |
0.0 |
0.0 |
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Total expenses |
0.2 |
0.2 |
0.4 |
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Profit before tax |
0.1 |
-0.1 |
0.0 |
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Extraordinary result |
- |
- |
-0.2 |
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Profit after extraordinary items and
before tax |
0.1 |
-0.1 |
-0.2 |
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Total taxation |
0.1 |
0.0 |
0.1 |
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Net profit |
0.0 |
- |
- |
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Net loss |
- |
0.2 |
0.3 |
Annual Balance
Sheet
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 |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total
stockholders equity |
1.0 |
1.1 |
1.2 |
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Provision for pensions |
0.7 |
0.8 |
0.7 |
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Mortgages and loans |
- |
0.1 |
0.2 |
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Other long-term liabilities |
2.9 |
1.8 |
1.7 |
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Trade creditors |
3.7 |
3.9 |
2.8 |
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Bank loans and overdrafts |
4.3 |
5.5 |
5.5 |
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Other current liabilities |
1.4 |
1.2 |
0.8 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current
liabilities |
9.4 |
10.6 |
9.1 |
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Total
liabilities (including net worth) |
14.1 |
14.4 |
13.0 |
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Buildings |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.1 |
0.1 |
0.1 |
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Long-term investments |
0.6 |
0.1 |
0.1 |
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Total financial
assets |
1.7 |
1.8 |
1.3 |
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Receivables due after 1 year |
0.0 |
0.1 |
0.0 |
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Loans to associated companies |
1.0 |
1.7 |
1.2 |
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Total
non-current assets |
1.9 |
2.0 |
1.5 |
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Finished goods |
4.2 |
2.7 |
2.4 |
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Net stocks and work in progress |
6.8 |
7.4 |
7.0 |
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Trade debtors |
4.9 |
4.6 |
4.3 |
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Other receivables |
0.5 |
0.2 |
0.2 |
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Cash and liquid assets |
0.0 |
0.1 |
0.0 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current
assets |
12.2 |
12.4 |
11.5 |
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Total assets |
14.1 |
14.4 |
13.0 |
Annual Ratios
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 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.30 |
1.20 |
1.30 |
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Quick ratio |
0.60 |
0.50 |
0.50 |
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Current liabilities to net worth |
0.09% |
0.10% |
0.08% |
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Sales per employee |
0.42 |
0.21 |
0.23 |
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Profit per employee |
0.00 |
0.00 |
0.00 |
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Average wage per employee |
0.07 |
0.04 |
0.05 |
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Net worth |
1.0 |
1.1 |
1.2 |
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Number of employees |
23 |
33 |
34 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.03 |
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UK Pound |
1 |
Rs.85.93 |
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Euro |
1 |
Rs.68.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.