MIRA INFORM REPORT
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Report Date : |
26.10.2013 |
IDENTIFICATION DETAILS
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Name : |
NORDMECCANICA SPA |
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Registered Office : |
Strada Della Orsina 16/16 A, |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
12.10.1978 |
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Com. Reg. No.: |
00333340339 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Engaged in manufacture of machinery for working soft rubber or
plastics or for the manufacture of products of these materials |
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No. of Employees : |
162 |
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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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 |
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Source
: CIA |
Company
name and address
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Nordmeccanica SpA |
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Employees: |
162 |
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Company Type: |
Public Subsidiary |
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Corporate Family: |
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Ultimate Parent: |
CERFIN SPA |
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Incorporation
Date: |
12-Oct-1978 |
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Fiscal Year End:
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31-Dec-2012 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
83.8 |
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Total Assets: |
58.4 |
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Business Description |
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Nordmeccanica 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, 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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Industry |
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Industry |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment Manufacturing Not
Elsewhere Classified |
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ISIC Rev 4: |
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NACE Rev 2: |
2899 - Manufacture of other special-purpose machinery
n.e.c. |
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NAICS 2012: |
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UK SIC 2007: |
2899 - Manufacture of other special-purpose machinery
n.e.c. |
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US SIC 1987: |
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News |
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Registered No.(ITA)
00333340339
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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CERFIN SPA |
Parent |
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Subsidiary |
Piacenza, Piacenza |
Italy |
Machinery and Equipment Manufacturing |
83.8 |
162 |
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Annual Profit & Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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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) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Total income |
84.4 |
80.0 |
57.3 |
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Net sales |
83.8 |
79.3 |
56.3 |
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Other operating income |
0.4 |
0.3 |
0.5 |
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Raw materials and consumables employed |
41.6 |
36.8 |
26.9 |
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Other expenses |
23.9 |
19.9 |
16.0 |
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Total payroll costs |
11.1 |
11.2 |
9.6 |
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Fixed asset depreciation and amortisation |
0.7 |
0.7 |
0.7 |
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Other operating costs |
1.6 |
1.5 |
1.7 |
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Net operating income |
5.6 |
9.9 |
2.5 |
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Total financial income |
0.3 |
0.2 |
0.3 |
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Total expenses |
0.6 |
0.5 |
0.4 |
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Profit before tax |
5.3 |
9.6 |
2.4 |
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Extraordinary result |
0.4 |
0.1 |
0.0 |
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Profit after extraordinary items and before tax |
5.8 |
9.7 |
2.4 |
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Total taxation |
2.0 |
3.6 |
1.2 |
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Net profit |
3.7 |
6.1 |
1.2 |
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Annual Balance Sheet |
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Financials in: USD (mil) |
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
20.2 |
16.5 |
11.3 |
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Provision for risks |
0.2 |
0.1 |
0.1 |
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Provision for pensions |
1.4 |
1.4 |
1.5 |
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Mortgages and loans |
3.5 |
4.1 |
4.8 |
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Other long-term liabilities |
0.8 |
0.8 |
- |
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Trade creditors |
20.8 |
19.0 |
22.6 |
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Bank loans and overdrafts |
1.4 |
1.3 |
1.0 |
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Other current liabilities |
9.9 |
10.4 |
7.0 |
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Accruals and deferred income |
0.3 |
0.2 |
0.2 |
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Total current liabilities |
32.4 |
30.9 |
30.9 |
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Total liabilities (including net worth) |
58.4 |
53.7 |
48.5 |
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Intangibles |
0.5 |
0.4 |
0.5 |
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Buildings |
5.9 |
5.9 |
6.0 |
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Total tangible fixed assets |
6.6 |
6.6 |
6.9 |
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Long-term investments |
0.5 |
0.6 |
0.7 |
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Total financial assets |
0.6 |
0.7 |
0.7 |
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Receivables due after 1 year |
1.2 |
0.7 |
1.3 |
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Loans to associated companies |
0.0 |
0.0 |
0.1 |
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Total non-current assets |
8.9 |
8.3 |
9.4 |
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Finished goods |
3.9 |
3.7 |
3.4 |
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Net stocks and work in progress |
14.9 |
15.7 |
12.9 |
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Trade debtors |
13.5 |
10.9 |
13.3 |
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Other receivables |
12.5 |
5.5 |
3.9 |
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Cash and liquid assets |
7.1 |
12.2 |
8.3 |
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Accruals |
1.5 |
1.1 |
0.7 |
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Total current assets |
49.5 |
45.5 |
39.1 |
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Total assets |
58.4 |
53.7 |
48.5 |
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Annual Ratios |
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Financials in: USD (mil) |
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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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 |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.50 |
1.50 |
1.30 |
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Quick ratio |
1.10 |
1.00 |
0.80 |
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Current liabilities to net worth |
0.02% |
0.02% |
0.03% |
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Sales per employee |
0.41 |
0.38 |
0.29 |
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Profit per employee |
0.03 |
0.05 |
0.01 |
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Average wage per employee |
0.05 |
0.05 |
0.05 |
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Net worth |
20.2 |
16.5 |
11.3 |
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Number of employees |
159 |
149 |
147 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.63 |
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1 |
Rs.99.94 |
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Euro |
1 |
Rs.85.12 |
INFORMATION DETAILS
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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.