MIRA
INFORM REPORT
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Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
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Name : |
CLIMAVENETA SPA |
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Registered Office : |
Via Sarson 57/C Bassano |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
18.05.2001 |
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Com. Reg. No.: |
02603430139 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of non-domestic cooling and ventilation equipment |
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No. of Employees : |
574 |
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 : |
Good |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Climaveneta SpA
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Business
Description
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Climaveneta SpA is primarily engaged in manufacture of refrigerating
or freezing industrial equipment; manufacture of air-conditioning machines;
manufacture of heat exchangers; and manufacture of non-domestic fans. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2452 - Fixed Space Heating, Cooling and
Ventilation Equipment Manufacturing |
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NACE 2002: |
2923 - Manufacture of non-domestic cooling
and ventilation equipment |
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NAICS 2002: |
333415 - Air-Conditioning and Warm Air
Heating Equipment and Commercial and Industrial Refrigeration Equipment
Manufacturing |
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2923 - Manufacture of non-domestic cooling
and ventilation equipment |
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US SIC 1987: |
3585 - Air-Conditioning and Warm Air
Heating Equipment and Commercial and Industrial Refrigeration Equipment |
Key Executives
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News
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Corporate Overview
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Corporate Structure News
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Climaveneta SpA |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
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Appliance and Tool |
1,625.5 |
7,679 |
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Subsidiary |
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Appliance and Tool |
594.0 |
1,425 |
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Subsidiary |
Bassano Del Grappa, |
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Miscellaneous Capital Goods |
162.3 |
574 |
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Subsidiary |
Holzwickede, Nordrhein-Westfalen |
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Appliance and Tool |
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29 |
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Subsidiary |
Havant |
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Commercial Banks |
|
238 |
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Subsidiary |
Havant |
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Appliance and Tool |
297.2 |
253 |
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Subsidiary |
Havant |
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Commercial Banks |
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Subsidiary |
Seligenstadt |
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Retail (Specialty) |
106.5 |
70 |
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Subsidiary |
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Software and Programming |
7.3 |
41 |
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Subsidiary |
Asnieres Sur Seine |
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Appliance and Tool |
75.3 |
30 |
Executives Report
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News
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Research and
Markets: Assessment of China's Market for Heat Pumps - Estimates Reveal That
The Total Market Will Reach US $ 5 Billion By 2015 |
18-Jan-2012 |
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Swiss Walter
Meier sells Climate UK |
20-May-2011 |
Articles
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ITALY,UNITED
KINGDOM : Climaveneta to boost distribution network with Walter Meier
takeover |
23-May-2011 |
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) |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Total income |
165.6 |
119.7 |
150.8 |
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Net sales |
162.3 |
118.9 |
146.9 |
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Other operating income |
4.0 |
2.9 |
3.3 |
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Raw materials and consumables employed |
94.5 |
66.1 |
90.8 |
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Other expenses |
21.9 |
12.1 |
14.3 |
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Total payroll costs |
23.5 |
17.1 |
17.7 |
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Fixed asset depreciation and amortisation |
4.8 |
2.6 |
2.2 |
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Other operating costs |
0.5 |
0.5 |
0.3 |
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Net operating income |
20.3 |
21.4 |
25.4 |
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Total financial income |
0.1 |
2.8 |
- |
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Total expenses |
2.2 |
2.3 |
13.1 |
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Profit before tax |
18.3 |
21.9 |
12.3 |
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Extraordinary result |
-1.6 |
-6.2 |
- |
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Profit after extraordinary items and before tax |
16.7 |
15.7 |
12.3 |
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Total taxation |
6.3 |
6.6 |
6.9 |
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Net profit |
10.3 |
9.1 |
5.4 |
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Annual Balance
Sheet |
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Financials in:
EUR (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 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
66.2 |
59.9 |
55.8 |
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Provision for risks |
13.6 |
13.0 |
10.7 |
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Provision for pensions |
2.6 |
2.3 |
2.5 |
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Mortgages and loans |
22.8 |
37.2 |
52.3 |
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Other long-term liabilities |
- |
0.7 |
1.0 |
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Trade creditors |
45.0 |
29.3 |
37.5 |
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Bank loans and overdrafts |
15.4 |
15.4 |
20.4 |
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Other current liabilities |
66.8 |
63.3 |
40.5 |
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Total current liabilities |
127.1 |
108.0 |
98.4 |
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Total liabilities (including net worth) |
232.3 |
221.0 |
220.7 |
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Intangibles |
124.0 |
122.1 |
122.1 |
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Buildings |
14.5 |
14.6 |
- |
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Total tangible fixed assets |
22.6 |
19.3 |
19.9 |
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Long-term investments |
11.5 |
19.9 |
18.2 |
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Total financial assets |
11.5 |
20.0 |
18.2 |
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Receivables due after 1 year |
0.1 |
- |
- |
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Total non-current assets |
158.2 |
161.4 |
160.3 |
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Finished goods |
7.1 |
3.9 |
- |
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Net stocks and work in progress |
14.4 |
9.5 |
12.1 |
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Trade debtors |
54.8 |
29.9 |
46.9 |
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Other receivables |
4.8 |
20.2 |
1.4 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Total current assets |
74.0 |
59.6 |
60.5 |
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Total assets |
232.3 |
221.0 |
220.7 |
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Annual Ratios |
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Financials in:
EUR (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 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Current ratio |
0.60 |
0.60 |
0.60 |
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Quick ratio |
0.50 |
0.50 |
0.50 |
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Current liabilities to net worth |
0.02% |
0.02% |
0.02% |
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Sales per employee |
0.29 |
0.27 |
0.32 |
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Profit per employee |
0.03 |
0.04 |
0.03 |
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Average wage per employee |
0.04 |
0.04 |
0.04 |
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Net worth |
66.2 |
59.9 |
55.8 |
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Number of employees |
560 |
446 |
451 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.46 |
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|
1 |
Rs.86.27 |
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Euro |
1 |
Rs.69.40 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.