MIRA INFORM REPORT
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Report Date : |
28.12.2011 |
IDENTIFICATION DETAILS
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Name : |
CASA OLEARIA ITALIANA SPA |
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Registered Office : |
Via Baione 200, Monopoli, 70043 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.06.1990 |
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Com. Reg. No.: |
01458780747 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
production of refined vegetable oils |
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No. of Employees
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30 persons |
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 – September 30th, 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 & address
Casa Olearia Italiana SpA
Via Baione 200
Monopoli, 70043
Italy
Tel: +39 0806 901789
Fax: +39 0806 901766
Web: www.casaolearia.it
Synthesis
Employees: 30
Company Type: Public Subsidiary
Corporate Family: 3
Companies
Ultimate Parent: Italiana Alimenti S.p.A.
Incorporation Date:
22-Jun-1990
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 230.6
Total Assets: 205.4
Business Description
Casa Olearia
Italiana SpA is primarily engaged in production of refined vegetable oils:
olive oil, soya-bean oil, etc.; processing of vegetable oils: blowing, boiling,
oxidation, polymerisation, dehydration, hydrogenation, etc.
Industry
Industry Food Processing
ANZSIC 2006: 1150 - Oil and Fat
Manufacturing
NACE 2002: 1542 - Manufacture
of refined oils and fats
NAICS 2002: 311225 - Fats and
Oils Refining and Blending
UK SIC 2003: 1542 - Manufacture
of refined oils and fats
US SIC 1987: 2076 - Vegetable
Oil Mills, Except Corn, Cottonseed, and Soybean
Key Executives
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Name |
Title |
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Leonardo Giusep Marseglia |
Amministratore Delegato |
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Antonio Pecchia |
Sole administrator |
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Vito Angone |
Direttore Generale |
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Mario Renna |
Responsabile-Qualità |
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Cesare Picoco |
Direttore-Produzione |
Registered No.(ITA): 01458780747
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Via Baione 200
Monopoli, 70043
BARI County
Italy
Tel: +39 0806 901789
Fax: +39 0806 901766
Web: www.casaolearia.it
Sales EUR(mil): 174.1
Assets EUR(mil): 153.1
Employees: 30
Fiscal Year End: 31-Dec-2010
Industry: Food Processing
Incorporation Date: 22-Jun-1990
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered No.(ITA): 01458780747
Amministratore
Delegato: Leonardo Giusep
Marseglia
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1150 - Oil and Fat Manufacturing
NACE 2002 Codes:
1542 - Manufacture of refined oils and fats
NAICS 2002 Codes:
311225 - Fats and Oils Refining and Blending
US SIC 1987:
2076 - Vegetable Oil Mills, Except Corn, Cottonseed, and Soybean
UK SIC 2003:
1542 - Manufacture of refined oils and fats
Business
Description
Casa Olearia
Italiana SpA is primarily engaged in production of refined vegetable oils:
olive oil, soya-bean oil, etc.; processing of vegetable oils: blowing, boiling,
oxidation, polymerisation, dehydration, hydrogenation, etc.
More Business
Descriptions
Petroleum Refineries
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Corporate Family |
Corporate
Structure News: |
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Total Corporate Family Members: 3 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Italiana Alimenti S.p.A. |
Parent |
Monopoli |
Italy |
Miscellaneous Financial Services |
650.7 |
200 |
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Casa Olearia Italiana SpA |
Subsidiary |
Monopoli |
Italy |
Food Processing |
230.6 |
30 |
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Executive report
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Board of Directors |
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Amministratore Delegato |
Director/Board Member |
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Executives |
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Amministratore Delegato |
Chief Executive Officer |
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Sole administrator |
President |
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Direttore Generale |
Managing Director |
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Direttore-Relazioni Esterne |
Public Relations Executive |
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Commercial manager |
Commercial Executive |
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Direttore-Produzione |
Manufacturing Executive |
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Direttore-Acquisti |
Purchasing Executive |
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Responsabile-Qualità |
Quality Executive |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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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 |
232.0 |
168.0 |
181.5 |
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Net sales |
230.6 |
166.5 |
179.7 |
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Other operating income |
1.4 |
1.6 |
1.9 |
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Raw materials and consumables employed |
201.6 |
145.5 |
158.8 |
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Other expenses |
10.7 |
10.0 |
12.1 |
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Total payroll costs |
2.3 |
2.5 |
2.6 |
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Fixed asset depreciation and amortisation |
3.0 |
2.9 |
3.3 |
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Other operating costs |
0.4 |
0.6 |
0.7 |
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Net operating income |
14.1 |
6.5 |
4.0 |
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Total financial income |
4.6 |
3.1 |
4.6 |
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Total expenses |
0.7 |
1.4 |
1.9 |
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Profit before tax |
18.0 |
8.1 |
6.7 |
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Extraordinary result |
1.4 |
1.2 |
8.0 |
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Profit after extraordinary items and before tax |
19.4 |
9.3 |
14.6 |
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Total taxation |
5.9 |
2.0 |
2.7 |
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Net profit |
13.5 |
7.3 |
12.0 |
Annual Balance Sheet
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 |
141.5 |
136.6 |
125.1 |
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Provision for risks |
0.7 |
0.9 |
3.9 |
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Provision for pensions |
0.9 |
0.9 |
0.9 |
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Other long-term liabilities |
2.0 |
3.3 |
4.5 |
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Trade creditors |
11.6 |
30.4 |
14.1 |
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Bank loans and overdrafts |
43.5 |
68.2 |
69.2 |
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Other current liabilities |
2.3 |
26.5 |
-2.0 |
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Accruals and deferred income |
3.1 |
3.7 |
2.9 |
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Total current liabilities |
60.4 |
128.8 |
84.2 |
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Total liabilities (including net worth) |
205.4 |
270.6 |
218.5 |
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Intangibles |
0.7 |
0.8 |
0.9 |
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Buildings |
6.2 |
6.8 |
6.4 |
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Total tangible fixed assets |
24.1 |
30.7 |
31.4 |
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Long-term investments |
39.0 |
40.5 |
38.3 |
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Total financial assets |
39.0 |
40.5 |
38.3 |
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Receivables due after 1 year |
0.1 |
0.1 |
2.1 |
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Total non-current assets |
63.9 |
72.1 |
72.6 |
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Net stocks and work in progress |
43.1 |
48.8 |
25.2 |
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Trade debtors |
19.7 |
87.1 |
37.3 |
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Other receivables |
72.2 |
57.1 |
76.8 |
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Cash and liquid assets |
2.2 |
0.7 |
0.8 |
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Accruals |
4.3 |
4.8 |
5.8 |
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Total current assets |
141.5 |
198.5 |
145.8 |
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Total assets |
205.4 |
270.6 |
218.5 |
Annual Ratios
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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Current ratio |
2.30 |
1.50 |
1.70 |
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Quick ratio |
1.60 |
1.20 |
1.40 |
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Current liabilities to net worth |
0.00% |
0.01% |
0.01% |
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Sales per employee |
6.00 |
3.99 |
3.96 |
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Profit per employee |
0.51 |
0.22 |
0.32 |
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Average wage per employee |
0.06 |
0.06 |
0.06 |
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Net worth |
141.5 |
136.6 |
125.1 |
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Number of employees |
29 |
30 |
31 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.89 |
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UK Pound |
1 |
Rs.82.71 |
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Euro |
1 |
Rs.69.15 |
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.