MIRA
INFORM REPORT
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Report Date : |
20.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ILARIO ORMEZZANO SAI SPA |
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Registered Office : |
Via Cavour 120 Gaglianico, 13894 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
30.06.1960 |
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Com. Reg. No.: |
00160610028 |
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Legal Form : |
Public Independent |
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Line of Business : |
Manufacture of other organic basic chemicals |
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No. of Employees : |
63 |
RATING & COMMENTS
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MIRAs 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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name and address
Ilario Ormezzano Sai SpA
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Business
Description
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Ilario Ormezzano Sai SpA is primarily engaged in manufacture of other organic
basic chemicals: acyclic hydrocarbons, saturated and unsaturated; cyclic
hydrocarbons, saturated and unsaturated; acyclic and cyclic alcohols,
including synthetic ethyl alcohol; mono- and polycarboxyclic acids including
acetic acid; other oxygen-function compounds including aldehydes, ketones,
quinones and dual or poly oxygen-function compounds; nitrogen-function
organic compounds including amines; other organic compounds including wood
distillation products, etc.; manufacture of charcoal; production of pitch and
pitch coke; manufacture of synthetic aromatic products; and distillation of
coal tar. |
Industry
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Industry |
Chemical Manufacturing |
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ANZSIC 2006: |
1812 - Basic Organic Chemical
Manufacturing |
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NACE 2002: |
2414 - Manufacture of other organic basic
chemicals |
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NAICS 2002: |
32519 - Other Basic Organic Chemical
Manufacturing |
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UK SIC 2003: |
2414 - Manufacture of other organic basic
chemicals |
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US SIC 1987: |
2819 - Industrial Inorganic Chemicals, Not
Elsewhere Classified |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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Executives Report
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Annual Profit & Loss
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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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) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
58.6 |
88.4 |
72.3 |
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Net sales |
58.9 |
86.7 |
71.9 |
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Other operating income |
0.9 |
0.6 |
0.3 |
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Raw materials and consumables employed |
43.5 |
69.6 |
57.5 |
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Other expenses |
7.0 |
8.7 |
7.1 |
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Total payroll costs |
4.2 |
4.7 |
4.0 |
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Fixed asset depreciation and amortisation |
1.2 |
1.3 |
0.8 |
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Other operating costs |
0.4 |
0.3 |
0.5 |
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Net operating income |
2.3 |
4.0 |
2.3 |
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Total financial income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.5 |
1.2 |
0.9 |
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Profit before tax |
1.8 |
2.8 |
1.5 |
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Extraordinary result |
0.0 |
0.6 |
0.0 |
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Profit after extraordinary items and before tax |
1.9 |
3.5 |
1.5 |
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Total taxation |
0.8 |
1.2 |
0.7 |
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Net profit |
1.0 |
2.2 |
0.8 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
9.2 |
7.9 |
4.1 |
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Provision for risks |
0.9 |
0.8 |
0.7 |
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Provision for pensions |
0.7 |
0.7 |
1.0 |
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Mortgages and loans |
2.3 |
3.6 |
4.6 |
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Other long-term liabilities |
0.7 |
0.7 |
0.7 |
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Trade creditors |
11.3 |
12.3 |
15.3 |
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Bank loans and overdrafts |
11.2 |
14.0 |
13.2 |
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Other current liabilities |
2.2 |
1.9 |
1.4 |
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Total current liabilities |
24.6 |
28.2 |
29.8 |
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Total liabilities (including net worth) |
38.4 |
41.8 |
40.9 |
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Intangibles |
0.3 |
0.4 |
0.7 |
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Buildings |
3.9 |
3.9 |
1.8 |
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Total tangible fixed assets |
5.7 |
5.7 |
3.0 |
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Long-term investments |
- |
- |
1.5 |
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Total financial assets |
0.1 |
0.1 |
1.6 |
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Receivables due after 1 year |
0.1 |
0.1 |
0.1 |
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Loans to associated companies |
0.1 |
- |
- |
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Total non-current assets |
6.3 |
6.3 |
5.3 |
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Finished goods |
3.4 |
4.6 |
3.7 |
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Net stocks and work in progress |
3.5 |
4.6 |
3.9 |
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Trade debtors |
23.9 |
29.0 |
30.1 |
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Other receivables |
2.8 |
1.8 |
1.3 |
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Cash and liquid assets |
2.0 |
0.0 |
0.0 |
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Accruals |
0.1 |
0.1 |
0.2 |
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Total current assets |
32.2 |
35.5 |
35.5 |
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Total assets |
38.4 |
41.8 |
40.9 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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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 |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Sales per employee |
1.30 |
1.77 |
1.57 |
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Profit per employee |
0.04 |
0.07 |
0.03 |
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Average wage per employee |
0.09 |
0.09 |
0.09 |
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Net worth |
9.2 |
7.9 |
4.1 |
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Number of employees |
63 |
65 |
65 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.96 |
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1 |
Rs.82.04 |
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Euro |
1 |
Rs.68.91 |
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 |
-- |
This score serves as a reference to assess SCs 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.