MIRA INFORM REPORT
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Report Date : |
24.06.2014 |
IDENTIFICATION DETAILS
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Name : |
NORDA SPA |
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Registered Office : |
Via Case Sparse
103, Brescia, 25124 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
24.12.1970 |
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Com. Reg. No.: |
00298210170 |
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Legal Form : |
Public
Subsidiary Company |
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Line of Business : |
·
engaged
in manufacturing machinery for working soft rubber or plastics or for the
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 mould ·
manufacturer
of moulding boxes for any material; mould bases; moulding patterns & moulds ·
manufacturer
of dryers for wood, paper pulp, paper or paperboard; ·
manufacturer
of centrifugal clothes dryers ·
manufacturer
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 ·
manufacturer
of industrial robots for multiple uses. |
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No of Employees : |
38 (31.12.2012) |
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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 higher. 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 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.
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Source : CIA |
Company
name & address
Norda SpA
Via Case Sparse
103
Brescia, 25124
Italy
Tel: +39 030 2165311
Fax: +39 030 2165350
Synthesis
Employees: 38 (31.12.2012)
Company Type: Public
Subsidiary Company
Corporate Family: 2
Companies
Ultimate Parent:
Automation, Press And Tooling,
A.P.& T. AB
Incorporation Date:
24-Dec-1970
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2012
Reporting Currency:
Euro
Annual Sales:
12.0
Total Assets:
10.5
Business Description
Norda 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 mould.; 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.
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Industry |
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Industry |
Machinery and Equipment Manufacturing |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment
Manufacturing Not Elsewhere Classified |
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ISIC Rev 4: |
2829 - Manufacture of other
special-purpose machinery |
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NACE Rev 2: |
2899 - Manufacture of other
special-purpose machinery n.e.c. |
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NAICS 2012: |
333249 - Other Industrial Machinery
Manufacturing |
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UK SIC 2007: |
2899 - Manufacture of other
special-purpose machinery n.e.c. |
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US SIC 1987: |
3569 - General Industrial Machinery and
Equipment, Not Elsewhere Classified |
Key Executives
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Name |
Title |
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Tord Evald Andersson |
President |
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Evert Michael Jonson |
Member of the board |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet
Item Exchange Rate: USD 1 = EUR 0.7566
Corporate Overview
Location
Via Case Sparse
103
Brescia, 25124
Italy
Tel: +39 030 2165311
Fax: +39 030 2165350
Sales EUR(mil): 9.3
Assets EUR(mil): 7.9
Employees: 38 (31.12.2012)
Fiscal Year End: 31-Dec-2012
Industry: Miscellaneous
Capital Goods
Incorporation Date: 24-Dec-1970
Company Type: Public
Subsidiary
Quoted Status: Not Quoted
Registered
No.(ITA): 00298210170
President: Tord
Evald Andersson
Industry Codes
ANZSIC 2006
Codes:
2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified
6991 - Professional Photographic Services
ISIC Rev 4 Codes:
2829 - Manufacture
of other special-purpose machinery
7420 - Photographic
activities
NACE Rev 2 Codes:
2899 - Manufacture
of other special-purpose machinery n.e.c.
7420 - Photographic activities
NAICS 2012 Codes:
333249 - Other
Industrial Machinery Manufacturing
54192 - Photographic
Services
US SIC 1987:
3569 - General
Industrial Machinery and Equipment, Not Elsewhere Classified
7221 - Photographic
Studios, Portrait
UK SIC 2007:
2899 - Manufacture
of other special-purpose machinery n.e.c.
7420 - Photographic
activities
Business Description
Norda 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 mould.; 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.
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%2024-Jun-2014_files/image005.gif){kind=small}
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Corporate Family |
Corporate
Structure News: |
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Norda
SpA |
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Norda SpA |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Automation, Press And Tooling, A.P.& T. AB |
Parent |
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Norda SpA |
Subsidiary |
Brescia, Brescia |
Italy |
Machinery and Equipment Manufacturing |
12.0 |
38 |
Executive
report
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Board
of Directors |
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Member of the board |
Director/Board Member |
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Executives |
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President |
President |
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Managing director |
Managing Director |
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 |
12.9 |
9.8 |
7.7 |
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Net sales |
12.0 |
8.3 |
8.3 |
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Other operating income |
0.1 |
0.1 |
0.0 |
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Raw materials and consumables employed |
6.2 |
4.3 |
2.7 |
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Other expenses |
2.0 |
1.4 |
1.3 |
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Total payroll costs |
3.7 |
3.6 |
3.1 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Net operating
income |
0.9 |
0.3 |
0.4 |
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Total financial
income |
0.0 |
0.0 |
-0.1 |
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Total expenses |
0.0 |
0.1 |
0.1 |
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Profit before tax |
0.9 |
0.3 |
0.3 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Profit after extraordinary items and
before tax |
0.9 |
0.3 |
0.3 |
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Total taxation |
0.4 |
0.2 |
0.2 |
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Net profit |
0.5 |
0.1 |
0.1 |
Annual
Balance Sheet
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 |
2.3 |
1.7 |
1.7 |
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Provision for risks |
0.1 |
0.1 |
0.1 |
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Provision for pensions |
0.7 |
0.9 |
1.0 |
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Mortgages and loans |
1.1 |
- |
- |
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Other long-term liabilities |
- |
1.2 |
1.4 |
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Trade creditors |
2.6 |
2.5 |
0.8 |
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Bank loans and overdrafts |
0.2 |
- |
0.1 |
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Other current liabilities |
3.0 |
3.2 |
1.3 |
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Accruals and deferred income |
0.5 |
0.3 |
0.4 |
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Total current
liabilities |
6.3 |
6.0 |
2.6 |
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Total
liabilities (including net worth) |
10.5 |
9.9 |
6.8 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Buildings |
0.5 |
0.4 |
0.4 |
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Total tangible
fixed assets |
0.9 |
0.8 |
0.5 |
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Receivables due after 1 year |
0.0 |
0.3 |
0.4 |
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Total
non-current assets |
0.9 |
1.1 |
0.9 |
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Finished goods |
2.5 |
1.6 |
0.3 |
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Net stocks and work in progress |
3.0 |
2.5 |
0.8 |
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Trade debtors |
2.5 |
3.0 |
2.5 |
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Other receivables |
0.7 |
0.7 |
0.1 |
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Cash and liquid assets |
3.2 |
2.5 |
2.4 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current
assets |
9.6 |
8.8 |
5.8 |
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Total assets |
10.5 |
9.9 |
6.8 |
Annual
Ratios
Financials in: USD (mil)
|
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 |
1.40 |
2.30 |
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Quick ratio |
1.00 |
1.00 |
1.90 |
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Current liabilities to net worth |
0.03% |
0.04% |
0.02% |
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Sales per employee |
0.25 |
0.13 |
0.12 |
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Profit per employee |
0.02 |
0.00 |
0.00 |
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Average wage per employee |
0.08 |
0.06 |
0.05 |
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Net worth |
2.3 |
1.7 |
1.7 |
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Number of employees |
38 |
47 |
50 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.19 |
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UK Pound |
1 |
Rs.102.56 |
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Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.