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Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
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Name : |
SALVAGNINI ITALIA SPA |
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Registered Office : |
Via Ing. G. Salvagnini 1, Sarego, 36040 |
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Country : |
Italy |
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Financials (as on) : |
30.04.2012 |
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Date of Incorporation : |
07.05.1993 |
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Com. Reg. No.: |
02338250240 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
·
manufacturer
of machinery for working soft rubber or plastics · manufacturer of products of these materials (extruders, moulders, pneumatic tyre making or retreading machines and other machines for making a specific rubber or plastic product) · manufacturer of printing and bookbinding machines · manufacturer of machinery for producing tiles, bricks, shaped ceramic pastes, pipes, graphite electrodes, blackboard chalk, foundry moulds |
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No. of Employees : |
640 |
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 : |
Satisfactory |
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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, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
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, highly subsidized, agricultural south, where unemployment is high. 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 its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 126% of GDP in 2012, and investor concerns about the broader euro-zone crisis at times have caused borrowing costs on sovereign government debt to rise to euro-era. During the second half of 2011 the government passed three austerity packages to reduce its budget deficit and help bring down borrowing costs. 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 sustain its recent efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2012 economic growth and labor market conditions deteriorated, with growth at -2.3% and unemployment rising to nearly 11%, with youth unemployment around 35%. The government has undertaken several reform initiatives designed to increase long-term economic growth. Italy's GDP is now 7% below its 2007 pre-crisis level.
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Source : CIA |
Salvagnini Italia SpA
Via Ing. G. Salvagnini 1
Sarego, 36040
Italy
Tel: 39
(0444) 725111
Fax: +39
0444 436404
Employees:
640
Company Type:
Public Subsidiary
Corporate Family: 5
Companies
Ultimate Parent:
SALVAGNINI SRL
Incorporation Date: 07-May-1993
Financials in: USD
(Millions)
Fiscal Year End: 30-Apr-2012
Reporting Currency: Euro
Annual Sales:
284.0
Total Assets:
254.4
Salvagnini Italia SpA 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.; 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); and manufacture of industrial robots for multiple uses.
Industry
Industry Machinery and
Equipment Manufacturing
ANZSIC 2006:
2463 - Machine Tool and Parts Manufacturing
ISIC Rev 4:
2822 - Manufacture of metal-forming machinery and machine tools
NACE Rev 2:
2841 - Manufacture of metal forming machinery
NAICS 2012:
333519 - Rolling Mill and Other Metalworking Machinery Manufacturing
UK SIC 2007:
2841 - Manufacture of metal forming machinery
US SIC 1987:
3549 - Metalworking Machinery, Not Elsewhere Classified
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Name |
Title |
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Francesco Scarpari |
President |
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Claude Lucien Cornel Battheu |
Executive |
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Michele Taraschi |
Executive |
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Eugenio Favale |
Member of the board |
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Giorgio Picci |
Member of the board |
1 - Profit & Loss Item Exchange Rate: USD 1 =
EUR 0.7323776
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR
0.7545
Location
Via Ing. G.
Salvagnini 1
Sarego, 36040
Italy
Tel: 39 (0444) 725111
Fax: +39 0444 436404
Web: www.salvagnini.it
Sales EUR(mil): 208.0
Assets EUR(mil): 192.0
Employees: 640
Fiscal Year End: 30-Apr-2012
Industry: Miscellaneous Capital
Goods
Incorporation
Date: 07-May-1993
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered
No.(ITA): 02338250240
President: Francesco Scarpari
Industry Codes
ANZSIC 2006
Codes:
2463 - Machine
Tool and Parts Manufacturing
ISIC Rev 4 Codes:
2822 - Manufacture
of metal-forming machinery and machine tools
NACE Rev 2 Codes:
2841 - Manufacture
of metal forming machinery
NAICS 2012 Codes:
333519 - Rolling
Mill and Other Metalworking Machinery Manufacturing
US SIC 1987:
3549 - Metalworking
Machinery, Not Elsewhere Classified
UK SIC 2007:
2841 - Manufacture
of metal forming machinery
Business Description
Manufacture of
metal-working machinery and of hydraulic and mechanical presses
More Business Descriptions
Salvagnini Italia
SpA 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, .; 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; and manufacture of industrial robots for multiple uses.
Metalworking Machinery
Manufacturing