|
Report Date : |
12.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
GRU COMEDIL SRL |
|
|
|
|
Registered Office : |
Via Delle
Innovazioni 17 Fontanafredda, 33074 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.10.1986 |
|
|
|
|
Com. Reg. No.: |
01069260931 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Manufacture of lifting and handling equipment |
|
|
|
|
No. of Employees : |
170 |
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 : |
Slow but correct |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ITALY - ECONOMIC OVERVIEW
Italy has a
diversified industrial economy, which is divided into a developed industrial
north, dominated by private companies, and a less-developed, welfare-dependent,
agricultural south, with high unemployment. The Italian economy is driven in
large part by the manufacture of high-quality consumer goods produced by small
and medium-sized enterprises, many of them family owned. Italy also has a
sizable underground economy, which by some estimates accounts for as much as
17% of GDP. These activities are most common within the agriculture,
construction, and service sectors. Italy is the third-largest economy in the
euro-zone, but exceptionally high public debt burdens and structural
impediments to growth have rendered it vulnerable to scrutiny by financial
markets. Public debt has increased steadily since 2007, reaching 120% of GDP in
2011, and borrowing costs on sovereign government debt have risen to record
levels. During the second half of 2011 the government passed a series of three
austerity packages to balance its budget by 2013 and decrease its public debt
burden. These measures included a hike in the value-added tax, pension reforms,
and cuts to public administration. The government also faces pressure from
investors and European partners to address Italy's long-standing structural
impediments to growth, such as an inflexible labor market and widespread tax
evasion. The international financial crisis worsened conditions in Italy''s
labor market, with unemployment rising from 6.2% in 2007 to 8.4% in 2011, but
in the longer-term Italy''s low fertility rate and quota-driven immigration
policies will increasingly strain its economy. The euro-zone crisis along with
Italian austerity measures have reduced exports and domestic demand, slowing
Italy''s recovery. Italy''s GDP is still 5% below its 2007 pre-crisis level.
Source
: CIA
Gru Comedil SRL
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Business Description
|
Gru Comedil SRL is primarily engaged in
manufacture of hand operated or power driven lifting, handling, loading or
unloading machinery (pulley tackle and hoists, winches, capstans and jacks;
derricks, cranes, mobile lifting frames, straddle carriers, etc.; works
trucks, whether or not fitted with lifting or handling equipment whether or
not self-propelled, of the type used in factories;mechanical manipulators and
industrial robots specifically designed for lifting, handling, loading or
unloading); manufacture of conveyors, teleferics, etc.; and manufacture of
lifts, escalators and moving walkways. This class also includes: maintenance
of lifts and escalators. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
|
|
NAICS 2002: |
|
|
UK SIC 2003: |
|
|
UK SIC 2007: |
|
|
US SIC 1987: |
3536 - Overhead Traveling Cranes, Hoists, and
Monorail Systems |
Key Executives
|
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
|
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|
Total Corporate Family Members: 182 |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Westport, CT |
United States |
Miscellaneous Capital Goods |
6,504.6 |
22,600 |
|
|
Subsidiary |
Duesseldorf |
Germany |
Construction and Agriculture Machinery |
1,457.8 |
5,712 |
|
|
Joint Venture |
Singapore |
Singapore |
Miscellaneous Capital Goods |
135.9 |
660 |
|
|
Subsidiary |
Paranaque |
Philippines |
Miscellaneous Capital Goods |
|
168 |
|
|
Subsidiary |
Binh Duong |
Viet Nam |
Construction and Agriculture Machinery |
5.6 |
100 |
|
|
Subsidiary |
Kaohsiung City |
Taiwan |
Miscellaneous Capital Goods |
|
50 |
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Miscellaneous Capital Goods |
28.6 |
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Miscellaneous Capital Goods |
29.9 |
300 |
|
|
Subsidiary |
Salzburg |
Austria |
Construction and Agriculture Machinery |
55.3 |
110 |
|
|
Subsidiary |
Skovlunde |
Denmark |
Miscellaneous Capital Goods |
0.0 |
96 |
|
|
Subsidiary |
Smithfield , NSW |
Australia |
Communications Equipment |
12.6 |
80 |
|
|
Subsidiary |
Oakville, ON |
Canada |
Construction and Agriculture Machinery |
9.9 |
2 |
|
|
Subsidiary |
Banbury |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Wetter |
Germany |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Chalons-en-Champagne |
France |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Dusseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
314.6 |
780 |
|
|
Subsidiary |
Delft |
Netherlands |
Business Services |
|
50 |
|
|
Subsidiary |
Spijkenisse |
Netherlands |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Koprivnice |
Czech Republic |
Auto and Truck Manufacturers |
212.3 |
3,052 |
|
|
Subsidiary |
Koprivnice |
Czech Republic |
Miscellaneous Fabricated Products |
|
700 |
|
|
Subsidiary |
Koprivnice |
Czech Republic |
Iron and Steel |
26.5 |
382 |
|
|
Subsidiary |
Koprivnice |
Czech Republic |
Miscellaneous Fabricated Products |
|
|
|
|
Division |
Oklahoma City, OK |
United States |
Construction and Agriculture Machinery |
147.9 |
2,000 |
|
|
Division |
Oklahoma City, OK |
United States |
Construction and Agriculture Machinery |
|
350 |
|
|
Subsidiary |
Oklahoma City, OK |
United States |
Construction and Agriculture Machinery |
|
300 |
|
|
Subsidiary |
Cachoeira, RS |
Brazil |
Construction and Agriculture Machinery |
22.5 |
200 |
|
|
Division |
Elk Point, SD |
United States |
Miscellaneous Capital Goods |
|
161 |
|
|
Subsidiary |
Bury Saint Edmunds |
United Kingdom |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Luzhou |
China |
Miscellaneous Capital Goods |
|
1,900 |
|
|
Subsidiary |
Oklahoma City, OK |
United States |
Construction and Agriculture Machinery |
228.2 |
1,200 |
|
|
Division |
Canton, SD |
United States |
Appliance and Tool |
14.7 |
62 |
|
|
Subsidiary |
Dungannon |
United Kingdom |
Engineering Consultants |
|
500 |
|
|
Subsidiary |
Coventry |
United Kingdom |
Construction and Agriculture Machinery |
|
500 |
|
|
Subsidiary |
Putilkovo |
Russian Federation |
Miscellaneous Capital Goods |
21.2 |
484 |
|
|
Division |
Watertown, SD |
United States |
Construction and Agriculture Machinery |
|
475 |
|
|
Division |
White House, TN |
United States |
Construction and Agriculture Machinery |
215.7 |
10,000 |
|
|
Branch |
Huron, SD |
United States |
Auto and Truck Manufacturers |
14.9 |
150 |
|
|
Branch |
Commerce City, CO |
United States |
Auto and Truck Manufacturers |
26.9 |
75 |
|
|
Branch |
San Antonio, TX |
United States |
Construction and Agriculture Machinery |
23.1 |
50 |
|
|
Branch |
Birmingham, AL |
United States |
Miscellaneous Capital Goods |
79.0 |
40 |
|
|
Division |
Portland, OR |
United States |
Construction and Agriculture Machinery |
26.2 |
30 |
|
|
Branch |
Fontana, CA |
United States |
Miscellaneous Capital Goods |
14.6 |
23 |
|
|
Branch |
Seattle, WA |
United States |
Business Services |
3.3 |
22 |
|
|
Branch |
Charlotte, NC |
United States |
Business Services |
1.7 |
13 |
|
|
Branch |
Phoenix, AZ |
United States |
Miscellaneous Capital Goods |
23.5 |
12 |
|
|
Branch |
Fort Worth, TX |
United States |
Business Services |
1.5 |
12 |
|
|
Subsidiary |
Phoenix, AZ |
United States |
Construction Services |
5.2 |
10 |
|
|
Branch |
Spokane Valley, WA |
United States |
Business Services |
1.5 |
10 |
|
|
Branch |
N Little Rock, AR |
United States |
Miscellaneous Capital Goods |
16.5 |
7 |
|
|
Branch |
Logandale, NV |
United States |
Business Services |
0.2 |
2 |
|
|
Branch |
North Las Vegas, NV |
United States |
Business Services |
0.1 |
1 |
|
|
Division |
Denison, TX |
United States |
Miscellaneous Capital Goods |
133.9 |
300 |
|
|
Branch |
Del Rio, TX |
United States |
Construction and Agriculture Machinery |
183.9 |
200 |
|
|
Subsidiary |
Fontanafredda, Pordenone |
Italy |
Construction and Agriculture Machinery |
81.6 |
170 |
|
|
Subsidiary |
Wilmington, NC |
United States |
Construction and Agriculture Machinery |
33.6 |
120 |
|
|
Branch |
Fort Wayne, IN |
United States |
Construction and Agriculture Machinery |
63.0 |
110 |
|
|
Division |
Waverly, IA |
United States |
Miscellaneous Capital Goods |
2,005.5 |
100 |
|
|
Subsidiary |
Saarbrucken |
Germany |
Miscellaneous Capital Goods |
350.0 |
1,900 |
|
|
Subsidiary |
Helsingborg |
Sweden |
Miscellaneous Capital Goods |
31.5 |
23 |
|
|
Subsidiary |
Arganda del Rey |
Spain |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Delmenhorst |
Germany |
Construction and Agriculture Machinery |
|
50 |
|
|
Subsidiary |
Arganda Del Rey, Madrid |
Spain |
Miscellaneous Capital Goods |
36.3 |
31 |
|
|
Subsidiary |
Coventry |
United Kingdom |
Construction and Agriculture Machinery |
|
4 |
|
|
Subsidiary |
Montreal, QC |
Canada |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Eagle Farm, QLD |
Australia |
Miscellaneous Capital Goods |
29.3 |
100 |
|
|
Branch |
Durand, MI |
United States |
Miscellaneous Capital Goods |
12.3 |
100 |
|
|
Division |
Westport, CT |
United States |
Construction and Agriculture Machinery |
|
100 |
|
|
Subsidiary |
Dortmund |
Germany |
Construction and Agriculture Machinery |
125.0 |
1,500 |
|
|
Subsidiary |
Langen |
Germany |
Construction and Agriculture Machinery |
|
650 |
|
|
Subsidiary |
Motherwell |
United Kingdom |
Construction and Agriculture Machinery |
312.1 |
520 |
|
|
Subsidiary |
Motherwell |
United Kingdom |
Engineering Consultants |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Construction and Agriculture Machinery |
60.6 |
66 |
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Bad Schonborn |
Germany |
Construction and Agriculture Machinery |
|
500 |
|
|
Subsidiary |
Coventry |
United Kingdom |
Construction - Supplies and Fixtures |
|
300 |
|
|
Facility |
Manchester |
United Kingdom |
Furniture and Fixtures |
150.0 |
585 |
|
|
Subsidiary |
Coventry |
United Kingdom |
Construction and Agriculture Machinery |
|
300 |
|
|
Subsidiary |
Grand Rapids, MN |
United States |
Construction and Agriculture Machinery |
264.1 |
284 |
|
|
Branch |
Grand Rapids, MN |
United States |
Miscellaneous Capital Goods |
0.8 |
60 |
|
|
Subsidiary |
Southaven, MS |
United States |
Construction and Agriculture Machinery |
23.8 |
200 |
|
|
Subsidiary |
Rock Hill, SC |
United States |
Electronic Instruments and Controls |
2.1 |
100 |
|
|
Subsidiary |
Grantham |
United Kingdom |
Construction Services |
276.3 |
80 |
|
|
Subsidiary |
Grantham |
United Kingdom |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Mosrentgen Pos. |
Russian Federation |
Trucking |
24.9 |
78 |
|
|
Branch |
Gillette, WY |
United States |
Construction and Agriculture Machinery |
75.6 |
30 |
|
|
Subsidiary |
Rock Hill, SC |
United States |
Construction and Agriculture Machinery |
16.1 |
30 |
|
|
Branch |
Lakeland, FL |
United States |
Construction and Agriculture Machinery |
66.8 |
27 |
|
|
Branch |
La Grange, TX |
United States |
Miscellaneous Capital Goods |
8.8 |
20 |
|
|
Branch |
Kernersville, NC |
United States |
Miscellaneous Capital Goods |
5.4 |
20 |
|
|
Branch |
American Canyon, CA |
United States |
Miscellaneous Capital Goods |
4.5 |
20 |
|
|
Subsidiary |
WĂ¼rzburg, Bayern |
Germany |
Miscellaneous Capital Goods |
|
20 |
|
|
Subsidiary |
WĂ¼rzburg, Bayern |
Germany |
Construction and Agriculture Machinery |
55.6 |
400 |
|
|
Subsidiary |
Delmenhorst |
Germany |
Construction and Agriculture Machinery |
|
20 |
|
|
Branch |
Windsor Locks, CT |
United States |
Construction and Agriculture Machinery |
70.9 |
15 |
|
|
Branch |
Sultan, WA |
United States |
Miscellaneous Capital Goods |
3.8 |
14 |
|
|
Subsidiary |
Westport, CT |
United States |
Consumer Financial Services |
|
12 |
|
|
Branch |
Grosse Pte Woods, MI |
United States |
Consumer Financial Services |
|
1 |
|
|
Branch |
Angola, IN |
United States |
Construction and Agriculture Machinery |
24.1 |
11 |
|
|
Branch |
Ashland, VA |
United States |
Construction and Agriculture Machinery |
21.7 |
11 |
|
|
Branch |
Tulsa, OK |
United States |
Construction and Agriculture Machinery |
10.9 |
10 |
|
|
Subsidiary |
Oldham |
United Kingdom |
Miscellaneous Capital Goods |
3.4 |
8 |
|
|
Branch |
Joliet, IL |
United States |
Construction and Agriculture Machinery |
22.2 |
7 |
|
|
Branch |
Grand Rapids, MN |
United States |
Construction and Agriculture Machinery |
3.1 |
7 |
|
|
Branch |
Vancouver, WA |
United States |
Miscellaneous Capital Goods |
|
7 |
|
|
Subsidiary |
Singapore |
Singapore |
Rental and Leasing |
|
7 |
|
|
Branch |
Fredericksburg, VA |
United States |
Construction and Agriculture Machinery |
9.9 |
5 |
|
|
Branch |
Sherwood, OR |
United States |
Construction and Agriculture Machinery |
25.8 |
4 |
|
|
Branch |
Conway, SC |
United States |
Miscellaneous Capital Goods |
7.5 |
4 |
|
|
Subsidiary |
Tuen Mun |
Hong Kong |
Construction and Agriculture Machinery |
|
4 |
|
|
Branch |
Cincinnati, OH |
United States |
Construction and Agriculture Machinery |
7.4 |
3 |
|
|
Subsidiary |
Noida, Uttar Pradesh |
India |
Construction and Agriculture Machinery |
32.4 |
|
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
|
2,395 |
|
|
Subsidiary |
Dungannon |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Coventry |
United Kingdom |
Miscellaneous Capital Goods |
224.6 |
363 |
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
18.9 |
49 |
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Dungannon |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Dungannon |
United Kingdom |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Montceau les Mines |
France |
Miscellaneous Capital Goods |
188.2 |
329 |
|
|
Subsidiary |
Crespellano, BO |
Italy |
Miscellaneous Capital Goods |
94.9 |
103 |
|
|
Subsidiary |
Brescello, Reggio Emilia |
Italy |
Construction and Agriculture Machinery |
151.5 |
352 |
|
|
Subsidiary |
Tuen Mun, New Territories |
Hong Kong |
Miscellaneous Capital Goods |
|
4 |
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Consumer Financial Services |
1.4 |
11 |
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Business Services |
|
10 |
|
|
Subsidiary |
ZweibrĂ¼cken, Rheinland-Pfalz |
Germany |
Construction and Agriculture Machinery |
840.6 |
2,100 |
|
|
Subsidiary |
Pecs |
Hungary |
Construction - Supplies and Fixtures |
16.6 |
161 |
|
|
Subsidiary |
Bad Schönborn, Baden-WĂ¼rttemberg |
Germany |
Construction and Agriculture Machinery |
189.6 |
600 |
|
|
Subsidiary |
WĂ¼rzburg, Bayern |
Germany |
Commercial Banks |
|
|
|
|
Subsidiary |
Oud Gastel, Noord-Brabant |
Netherlands |
Construction and Agriculture Machinery |
|
4 |
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Watertown, SD |
United States |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Antwerp |
Belgium |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Zhangzhou, Fujian |
China |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Quanzhou, Fujian |
China |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Istres |
France |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Durban |
South Africa |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Pune |
India |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Velke Karlovice |
Czech Republic |
Hotels and Motels |
|
|
|
|
Subsidiary |
Northampton |
United Kingdom |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Redmond, WA |
United States |
Miscellaneous Capital Goods |
|
|
|
|
Division |
Westport, CT |
United States |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Redmond, WA |
United States |
Miscellaneous Capital Goods |
|
1,800 |
|
|
Branch |
Moses Lake, WA |
United States |
Construction and Agriculture Machinery |
460.1 |
800 |
|
|
Branch |
Waco, TX |
United States |
Construction and Agriculture Machinery |
33.5 |
155 |
|
|
Subsidiary |
Darra, QLD |
Australia |
Miscellaneous Capital Goods |
6.7 |
60 |
|
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Miscellaneous Capital Goods |
|
60 |
|
|
Subsidiary |
Gallardon |
France |
Miscellaneous Capital Goods |
7.1 |
34 |
|
|
Subsidiary |
Montcada I Reixac, Barcelona |
Spain |
Miscellaneous Capital Goods |
3.5 |
20 |
|
|
Subsidiary |
Courbevoie |
France |
Rental and Leasing |
2.4 |
|
|
|
Subsidiary |
Watford |
United Kingdom |
Consumer Financial Services |
4.1 |
|
|
|
Subsidiary |
Umbertide, PG |
Italy |
Construction - Supplies and Fixtures |
46.3 |
186 |
|
|
Division |
Westport, CT |
United States |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Dortmund |
Germany |
Appliance and Tool |
|
600 |
|
|
Subsidiary |
Denison, TX |
United States |
Construction and Agriculture Machinery |
73.0 |
350 |
|
|
Subsidiary |
Omagh |
United Kingdom |
Construction and Agriculture Machinery |
0.0 |
300 |
|
|
Facility |
Stafford |
United Kingdom |
Coal |
|
50 |
|
|
Subsidiary |
Louisville, KY |
United States |
Miscellaneous Capital Goods |
|
30 |
|
|
Subsidiary |
Kewdale, WA |
Australia |
Miscellaneous Capital Goods |
|
200 |
|
|
Subsidiary |
Durand, MI |
United States |
Miscellaneous Capital Goods |
|
120 |
|
|
Subsidiary |
Cedar Rapids, IA |
United States |
Construction and Agriculture Machinery |
5.8 |
100 |
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|
95 |
|
|
Subsidiary |
Eagle Farm BC, QLD |
Australia |
Miscellaneous Capital Goods |
54.4 |
38 |
|
|
Subsidiary |
Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Plano, TX |
United States |
Construction and Agriculture Machinery |
|
3 |
|
|
Facility |
Acuna, Coahuila |
Mexico |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Dortmund, Nordrhein-Westfalen |
Germany |
Construction and Agriculture Machinery |
|
|
Executives Report
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
92.7 |
59.2 |
63.0 |
|
Net sales |
81.6 |
53.4 |
58.9 |
|
Other operating income |
8.2 |
2.6 |
5.2 |
|
Raw materials and consumables employed |
46.7 |
32.5 |
35.1 |
|
Other expenses |
28.1 |
21.9 |
22.2 |
|
Total payroll costs |
17.9 |
11.8 |
13.7 |
|
Fixed asset depreciation and amortisation |
2.0 |
3.1 |
2.4 |
|
Other operating costs |
0.4 |
0.7 |
0.6 |
|
Net operating income |
-2.3 |
-10.8 |
-11.0 |
|
Total financial income |
-0.2 |
-0.7 |
0.3 |
|
Total expenses |
1.1 |
0.8 |
1.0 |
|
Profit before tax |
-3.6 |
-12.3 |
-11.7 |
|
Extraordinary result |
-1.4 |
0.0 |
-0.7 |
|
Profit after extraordinary items and before
tax |
-5.0 |
-12.3 |
-12.4 |
|
Total taxation |
-0.7 |
-3.3 |
-3.1 |
|
Net loss |
4.3 |
9.0 |
9.3 |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders equity |
10.3 |
14.8 |
25.6 |
|
Provision for risks |
1.9 |
3.3 |
4.6 |
|
Provision for pensions |
1.6 |
1.8 |
2.3 |
|
Other long-term liabilities |
54.4 |
55.6 |
58.0 |
|
Trade creditors |
23.2 |
18.0 |
22.9 |
|
Bank loans and overdrafts |
0.0 |
0.0 |
- |
|
Other current liabilities |
8.8 |
5.3 |
2.8 |
|
Accruals and deferred income |
0.1 |
0.4 |
0.1 |
|
Total current liabilities |
32.1 |
23.6 |
25.8 |
|
Total liabilities (including net worth) |
100.2 |
99.0 |
116.3 |
|
Intangibles |
1.8 |
0.7 |
0.7 |
|
Buildings |
1.5 |
1.6 |
1.7 |
|
Total tangible fixed assets |
8.1 |
8.8 |
8.1 |
|
Long-term investments |
0.0 |
0.0 |
0.1 |
|
Total financial assets |
0.0 |
0.0 |
0.1 |
|
Receivables due after 1 year |
6.4 |
6.0 |
4.5 |
|
Total non-current assets |
16.4 |
15.5 |
13.3 |
|
Finished goods |
26.5 |
28.5 |
30.5 |
|
Net stocks and work in progress |
39.9 |
43.8 |
50.7 |
|
Trade debtors |
27.1 |
18.0 |
25.8 |
|
Other receivables |
16.4 |
20.7 |
16.8 |
|
Cash and liquid assets |
0.0 |
0.0 |
8.1 |
|
Accruals |
0.4 |
1.0 |
1.6 |
|
Total current assets |
83.9 |
83.5 |
103.0 |
|
Total assets |
100.2 |
99.0 |
116.3 |
|
|
|
Annual Ratios |
|
Financials in: USD (mil) |
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
2.60 |
3.50 |
4.00 |
|
Quick ratio |
1.40 |
1.70 |
2.00 |
|
Current liabilities to net worth |
0.03% |
0.02% |
0.01% |
|
Sales per employee |
- |
0.19 |
0.17 |
|
Profit per employee |
- |
-0.04 |
-0.04 |
|
Average wage per employee |
- |
0.04 |
0.04 |
|
Net worth |
10.3 |
14.8 |
25.6 |
|
Number of employees |
- |
214 |
247 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
|
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.