MIRA INFORM REPORT

 

 

Report Date :

15.06.2012

 

IDENTIFICATION DETAILS

 

Name :

FABBRICA IMPIANTI MACCHINE INDUSTRIALI SPA

 

 

Registered Office :

Via dell'Industria 1, Vigano Brianza, 22897

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

02.04.1963

 

 

Com. Reg. No.:

00208940130

 

 

Legal Form :

Public Subsidiary Company

 

 

Line of Business :

manufacturer of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills

 

 

No. of Employees :

131

 

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 

 

Fabbrica Impianti Macchine Industriali SpA

Via dell'Industria 1

Vigano Brianza, 22897

Italy

Tel:       39 (039) 92141

Fax:      +39 0399 272090

Web:    www.fimimachinery.com

           

 

Synthesis

 

Employees:                  131

Company Type:             Public Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            ROER SRL

Incorporation Date:         02-Apr-1963     

Financials in:                 USD (Millions)

Fiscal Year End:                       31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               77.4

Total Assets:                 91.8

 

 

Business Description     

 

F.I.M.I. FABBRICA IMPIANTI MACCHINE INDUSTRIALI SPA is primarily engaged in manufacture of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills.

 

Industry             

Industry            Scientific and Technical Instruments

 

ANZSIC 2006:    2419 - Other Professional and Scientific Equipment Manufacturing

 

NACE 2002:      3320 - Manufacture of instruments and appliances for measuring, checking, testing, navigating

and other purposes, except industrial process control equipment

 

NAICS 2002:      334513 - Instrument's and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variable

 

UK SIC 2003:     3320 - Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment

 

US SIC 1987:    3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products

 

Key Executives   

 

Name

Title

Pompeo Rovelli

President

Gianguido Villa

Executive

Cesare Annibale Agrati

Member of the board

Giuseppe Rovelli

Managing director

 

Registered No.(ITA):       00208940130

 

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 dell'Industria 1

Vigano Brianza, 22897

Italy

Tel:       39 (039) 92141

Fax:      +39 0399 272090

Web:    www.fimimachinery.com

           

Sales EUR(mil):             58.5

Assets EUR(mil):           68.5

Employees:                   131

Fiscal Year End:                        31-Dec-2010

Industry:                                    Scientific and Technical Instruments

Incorporation Date:         02-Apr-1963

Company Type:             Public Subsidiary

Quoted Status:              Not Quoted

Registered No.(ITA):       00208940130

Managing director:         Giuseppe Rovelli

 

Industry Codes

ANZSIC 2006 Codes:

2419     -          Other Professional and Scientific Equipment Manufacturing

 

NACE 2002 Codes:

3320     -          Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment

 

NAICS 2002 Codes:

334513  -          Instrument's and Related Products Manufacturing for Measuring, Displaying, and Controlling

 

Industrial Process Variable

334519  -          Other Measuring and Controlling Device Manufacturing

 

US SIC 1987:

3823     -          Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products

3829     -          Measuring and Controlling Devices, Not Elsewhere Classified

 

UK SIC 2003:

3320     -          Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment

 

Business Description

Production of control monitors; alarm equipment

 

More Business Descriptions

F.I.M.I. FABBRICA IMPIANTI MACCHINE INDUSTRIALI SPA is primarily engaged in manufacture of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

58.5

Assets:

68.5

Current Assets:

60.2

 

Total Liabilities:

68.5

 

Net Worth:

17.0

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

-3.9%

NA

 

Key Corporate Relationships

Bank:

Banca Popolare di Milano Ag, Unicredit Banca Ag, Intesa Sanpaolo Ag

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Fabbrica Impianti Macchine Industriali SpA

Fabbrica Impianti Macchine Industriali SpA 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

ROER SRL

Parent

 

 

 

 

 

 

Fabbrica Impianti Macchine Industriali SpA

Subsidiary

Vigano Brianza, LC

Italy

Scientific and Technical Instruments

77.4

129

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

 

Cesare Annibale Agrati

 

Member of the board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Pompeo Rovelli

 

President

President

 

Giuseppe Rovelli

 

Managing director

Managing Director

 

Gianguido 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

80.1

86.6

98.4

Net sales

77.4

84.6

96.9

Other operating income

2.8

1.8

1.8

Raw materials and consumables employed

42.8

62.2

65.0

Other expenses

21.0

11.3

20.4

Total payroll costs

10.2

7.8

8.6

Fixed asset depreciation and amortisation

0.8

0.6

0.5

Other operating costs

0.6

0.1

0.4

Net operating income

4.7

4.6

3.5

Total financial income

0.2

0.2

1.2

Total expenses

0.4

0.3

0.2

Profit before tax

4.5

4.6

4.5

Extraordinary result

-

0.0

-

Profit after extraordinary items and before tax

4.5

4.6

4.5

Total taxation

1.7

1.6

1.8

Net profit

2.8

3.0

2.7

 

 

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

22.8

17.6

15.7

Provision for risks

2.1

2.4

3.9

Provision for pensions

3.3

2.9

2.9

Mortgages and loans

9.8

5.7

-

Other long-term liabilities

0.4

0.6

0.2

Trade creditors

21.8

11.4

19.7

Advances received

24.3

20.5

33.2

Bank loans and overdrafts

2.2

-

-

Other current liabilities

5.1

26.6

18.8

Accruals and deferred income

0.0

0.0

-

Total current liabilities

53.4

58.5

71.7

Total liabilities (including net worth)

91.8

87.7

94.4

Intangibles

0.0

0.0

0.0

Buildings

9.5

8.4

8.4

Total tangible fixed assets

10.4

9.1

9.0

Long-term investments

0.3

2.7

2.6

Total financial assets

0.7

3.5

3.4

Total non-current assets

11.1

12.6

12.4

Work in progress

13.8

17.4

13.2

Finished goods

0.4

0.5

0.3

Net stocks and work in progress

18.9

24.4

27.3

Trade debtors

36.0

18.3

27.1

Other receivables

6.4

6.0

3.1

Cash and liquid assets

16.4

26.1

19.7

Marketable securities

2.4

-

4.2

Accruals

0.7

0.2

0.7

Total current assets

80.8

75.1

82.0

Total assets

91.8

87.7

94.4

 

 

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

 

 

 

 

Current ratio

1.50

1.30

1.10

Quick ratio

1.20

0.90

0.80

Current liabilities to net worth

0.02%

0.03%

0.05%

Sales per employee

0.45

0.60

0.66

Profit per employee

0.03

0.03

0.03

Average wage per employee

0.06

0.06

0.06

Net worth

22.8

17.6

15.7

Number of employees

131

101

100

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.79

UK Pound

1

Rs.86.37

Euro

1

Rs.70.07

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.