MIRA
INFORM REPORT
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Report Date : |
20.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SANTEX SPA |
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Registered Office : |
Via San Giovanni Sul Muro 1 Milano, 20121 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
08.11.1972 |
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Com. Reg. No.: |
00860580158 |
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Legal Form : |
Public Independent |
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Line of Business : |
Manufacture of medical and surgical equipment and orthopaedic appliances |
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No. of Employees : |
171 |
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
Santex SpA
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Business
Description
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Santex SpA is primarily engaged in manufacture of instruments and
appliances used for medical, surgical, dental or veterinary purposes
(electro-diagnostic apparatus such as electrocardiographs, ultrasonic
diagnostic equipment, scintillation scanners, nuclear magnetic resonance
apparatus, dental drill engines, sterilizers, ophthalmic instruments);
manufacture of syringes, needles used in medicine, mirrors, reflectors,
endoscopes, etc.; manufacture of apparatus based on the use of X-rays or
alpha, beta or gamma radiation whether ornot for use in human or animal
medicine (X-ray tubes, high tension generators, control panels, desks,
screens, etc.); manufacture of medical, surgical, dental or veterinary
furniture (operating tables, hospital beds with mechanical fittings,
dentistsβ chairs); and manufacture of mechano-therapy appliances, massage
apparatus, psychological testing apparatus, ozone therapy, oxygen therapy,
artificial respiration apparatus, gas masks, etc. This class also includes:
manufacture of orthopaedic appliances (crutches, surgical belts and trusses,
splints, artificial teeth, artificial limbs and other artificial parts of the
body, hearing aids, pace-makers, orthopaedic shoes, etc.). |
Industry
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Industry |
Medical Equipment and Supplies |
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ANZSIC 2006: |
2412 - Medical and Surgical Equipment
Manufacturing |
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NACE 2002: |
3310 - Manufacture of medical and surgical
equipment and orthopaedic appliances |
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NAICS 2002: |
33911 - Medical Equipment and Supplies
Manufacturing |
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UK SIC 2003: |
3310 - Manufacture of medical and surgical
equipment and orthopaedic appliances |
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US SIC 1987: |
3842 - Orthopedic, Prosthetic, and
Surgical Appliances and Supplies |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Executives Report
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ITALY : Santex SpA bags the contract 317015 EUR for supplying
incontinence kit
TendersInfo News
11 January 2011
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[What follows is
the full text of the article.] Residenza
"Riviera del Brenta" - Centro soggiorno anziani, Italy based
company has awarded 317015 EUR contract to Santex SpA for supplying
incontinence kit. Contract is not covered by the Government Procurement
Agreement (GPA). The contract is
awarded as per open procedure and it is not likely to be sub-contracted. The
award criteria were economically advantageous tender in terms of quality -
weighting 55% and price - weighting 45%. The initial
estimated total value was 326000 EUR and the final award value was 317015
EUR. The contracting authority is not purchasing on behalf of other
contracting authorities. Only 4 tenders were received. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
99.1 |
102.4 |
89.8 |
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Net sales |
97.6 |
100.5 |
88.9 |
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Other operating income |
0.8 |
0.5 |
1.0 |
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Raw materials and consumables employed |
56.1 |
59.7 |
49.4 |
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Other expenses |
23.0 |
24.6 |
23.2 |
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Total payroll costs |
8.2 |
8.4 |
8.4 |
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Fixed asset depreciation and amortisation |
2.9 |
2.8 |
2.8 |
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Other operating costs |
1.6 |
1.2 |
1.5 |
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Net operating income |
7.3 |
5.8 |
4.6 |
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Total financial income |
0.4 |
0.7 |
0.5 |
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Total expenses |
1.2 |
1.6 |
2.7 |
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Profit before tax |
6.5 |
4.9 |
2.3 |
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Extraordinary result |
0.0 |
- |
- |
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Profit after extraordinary items and before tax |
6.5 |
4.9 |
2.3 |
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Total taxation |
1.9 |
1.6 |
1.2 |
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Net profit |
4.6 |
3.3 |
1.1 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
23.4 |
20.0 |
16.0 |
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Provision for pensions |
2.1 |
2.5 |
2.9 |
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Mortgages and loans |
6.9 |
8.6 |
9.5 |
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Other long-term liabilities |
69.1 |
65.6 |
57.4 |
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Trade creditors |
16.2 |
16.0 |
13.7 |
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Bank loans and overdrafts |
15.6 |
11.0 |
4.2 |
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Other current liabilities |
6.1 |
5.8 |
4.7 |
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Accruals and deferred income |
6.2 |
5.3 |
5.7 |
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Total current liabilities |
44.0 |
38.1 |
28.3 |
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Total liabilities (including net worth) |
145.6 |
134.8 |
114.1 |
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Intangibles |
0.1 |
0.1 |
0.1 |
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Buildings |
7.7 |
8.6 |
8.2 |
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Total tangible fixed assets |
18.8 |
16.8 |
13.6 |
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Receivables due after 1 year |
16.3 |
15.9 |
14.9 |
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Total non-current assets |
35.3 |
32.9 |
28.6 |
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Finished goods |
12.9 |
13.1 |
11.4 |
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Net stocks and work in progress |
18.5 |
17.7 |
15.8 |
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Trade debtors |
89.2 |
76.4 |
59.3 |
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Other receivables |
2.1 |
4.6 |
5.3 |
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Cash and liquid assets |
0.1 |
3.1 |
5.0 |
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Accruals |
0.4 |
0.2 |
0.1 |
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Total current assets |
110.3 |
101.9 |
85.5 |
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Total assets |
145.6 |
134.8 |
114.1 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Sales per employee |
0.83 |
0.87 |
0.75 |
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Profit per employee |
0.06 |
0.04 |
0.02 |
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Average wage per employee |
0.07 |
0.07 |
0.07 |
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Net worth |
23.4 |
20.0 |
16.0 |
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Number of employees |
171 |
161 |
158 |
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.