MIRA
INFORM REPORT
|
Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
OROTIG S.R.L. |
|
|
|
|
Registered Office : |
Via Xxv Aprile,47 Cavalcaselle 37014- Castelnuovo del Garda(VR) |
|
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|
Country : |
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|
|
|
Financials (as on) : |
31.12.2009 |
|
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|
Date of Incorporation : |
01.05.1993 |
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|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Manufacture of irradiation, electromedical
and electrotherapeutic equipment |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
120.000 - Eur |
|
|
|
|
Status : |
Good |
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|
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Name and address
Orotig S.r.l.
Via Xxv Aprile,47 Cavalcaselle
37014- Castelnuovo del Garda(VR)-IT-
Summary
|
Fiscal Code |
: |
02433900236 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/05/1993 |
|
Equity |
: |
2.000.000 Eur |
|
|
: |
3.000.000/3.750.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
Credit Analysis
|
Credit Opinion |
: |
120.000 - Eur |
Activity
Manufacture of irradiation, electromedical
and electrotherapeutic equipment
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02433900236 |
|
Foreign Trade Reg. no. : VR042543 since
02/12/1999 |
|
Chamber of Commerce no. : 239098 of |
|
V.A.T. Code : 02433900236 |
|
Tribunal Co. Register : 35788 of |
|
Foundation date |
: 21/01/1993 |
|
|
Establishment date |
: 21/01/1993 |
|
|
Start of Activities |
: 01/05/1993 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 100.000 |
Eur |
|
Subscribed Capital |
: 100.000 |
Eur |
|
Paid up Capital |
: 100.000 |
Eur |
Members
|
|
Gagliano |
Alberto |
|
|
|
Born in Castelnuovo del Garda |
(VR) |
on 04/03/1955 |
- Fiscal Code : GGLLRT55C04C225N |
|
|
|
Residence : |
Via |
Xxv Aprile |
, 43 |
- 37014 |
Castelnuovo del Garda |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/12/2007 |
|
|
|
Board Chairman |
01/12/2007 |
|
|
|
|
No Protests
registered |
|
|
Castellani |
Gianluca |
|
|
|
Born in Bussolengo |
(VR) |
on 10/01/1962 |
- Fiscal Code : CSTGLC62A10B296V |
|
|
|
Residence : |
Via |
Michelangelo |
, 21 |
- 37012 |
Bussolengo |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/12/2007 |
|
|
|
|
No Protests
registered |
|
|
Renon |
Alberto |
|
|
|
Born in Caprino Veronese |
(VR) |
on 22/06/1960 |
- Fiscal Code : RNNLRT60H22B709B |
|
|
|
Residence : |
Via |
|
, 13 |
- 37013 |
Caprino Veronese |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/12/2007 |
|
|
|
|
No Protests
registered |
Companies connected to members *
*checkings have been performed on a national
scale.
In this module are listed the companies in
which members hold or have holded positions.
|
|
GAGLIANO |
ALBERTO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
OROTIG.MED SRL |
Castelnuovo del Garda (VR) - IT - |
03939380238 |
Director |
Active |
Registered |
|
OROTIG.MED SRL |
Castelnuovo del Garda (VR) - IT - |
03939380238 |
Board Chairman |
Active |
Registered |
The indication "REGISTERED" as
Firm Status could refer to Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we
advise to request further investigations.
Capital Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Gagliano Alberto |
Castelnuovo del Garda - IT - |
GGLLRT55C04C225N |
50.000 .Eur |
50,00 |
|
Castellani Gianluca |
Bussolengo - IT - |
CSTGLC62A10B296V |
25.000 .Eur |
25,00 |
|
Renon Alberto |
Caprino Veronese - IT - |
RNNLRT60H22B709B |
25.000 .Eur |
25,00 |
Direct Participations
The Company under review has participations
in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Consorzio Ecor'it - Sistema Collettivo Per
La Gestione Dei Raee D I Nuclei Domes |
|
05083280965 |
|
|
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
since 21/01/1993 |
|
|
|
|
|
Via |
Xxv Aprile |
, 47 Loc. CAVALCASELLE |
- 37014 |
- Castelnuovo del Garda |
(VR) |
- IT - |
|
|
|
|
PHONE |
: 045/6400162 |
|
|
|
|
PHONE |
: 045/6400865 |
|
|
|
|
FAX |
: 045/6401104 |
|
|
|
|
Employees |
: 17 |
|
Fittings and Equipment for a value of
110.000 |
Eur |
|
Stocks for a value of 1.310.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Gambini |
Gaetano |
|
|
|
Born in PESCHIERA DEL GARDA |
on 11/12/1953 |
- Fiscal Code : GMBGTN53T11G489F |
|
|
|
Residence : |
Via |
LEOPARDI |
, 14 |
- 70019 |
Peschiera del Garda |
(VR) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
|
Gagliano |
Alberto |
|
|
|
Born in Castelnuovo del Garda |
on 04/03/1955 |
- Fiscal Code : GGLLRT55C04C225N |
|
|
|
Residence : |
Via |
Xxv Aprile |
, 43 |
- 37014 |
Castelnuovo del Garda |
(VR) |
- IT - |
|
Ex-Postions |
|
Vice-Chairman |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Splitting-up and
setting-up of a new company |
|
|
|
OROTIG.MED SRL |
|
|
|
, 37014 |
, Castelnuovo del Garda |
(VR) |
- IT - |
|
|
|
Date |
Splitting-up : |
29/07/2008 |
|
|
Splitting-up and
setting-up of new |
|
|
|
OROTIG.MED SRL |
|
|
|
, 37014 |
, Castelnuovo del Garda |
(VR) |
- IT - |
|
|
|
Date |
Splitting-up : |
29/07/2008 |
|
|
Splitting-up and
setting-up of a new company |
|
|
|
OROTIG.MED SRL |
|
|
|
, Castelnuovo Del Garda |
- IT - |
|
|
|
Date |
Splitting-up : |
29/03/2010 |
Protests
Protests checking on the subject firm has
given a negative result.
Legal Procedures
None reported, standing to the latest
received edition of the Official Publications.
Financial and Economical Analysis
Subject is active since 1993
The analysis is based on the latest 3
balance sheets.
Under an economic point of view, profits
were registered during the last years with a r.o.e. of 5,26% in 2009
The operating result was positive in the
last financial year (5,53%) falling within the field's average.
An operating result of Eur. 183.635 has been
registered. with a -41,78% drop.
The gross operating margin of the latest
financial year is of Eur. 309.627 showing a drop (-33,37%).
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,07) and with an upward trend
compared to the previous year.
With regard to equity capital, an amount of
Eur. 1.792.792 is registered. on the same levels as the year before.
Total indebtedness amounts to Eur. 975.495,
, with no sensible variation.
Available funds are good.
During financial year 2009 the cash flow
amounted to Eur. 218.978
Labour cost expenses amount to Eur. 597.725
, representing 19,37% on the total of production costs. , whereas 18,46% is the
incidence on sales revenues.
The incidence of the financial charges is of
-0,19% on the sales amount.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
3.238.555 |
|
Profit (Loss) for the period |
94.306 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.562.735 |
|
Profit (Loss) for the period |
157.905 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.710.380 |
|
Profit (Loss) for the period |
465.908 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.817.935 |
|
Profit (Loss) for the period |
235.829 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.079.026 |
|
Profit (Loss) for the period |
174.957 |
Balance Sheets
From our constant monitoring of the relevant
Public Administration offices, no more recent balance sheets result to have
been filed.
|
- Balance Sheet
as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2007 - 12 Mesi - Currency: Eur - Amounts x 1 |
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|
RATIOS |
Value Type |
as at 31/12/2009 |
as at 31/12/2008 |
as at 31/12/2007 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,08 |
0,09 |
0,04 |
0,12 |
|
Elasticity Ratio |
Units |
0,92 |
0,89 |
0,94 |
0,85 |
|
Availability of stock |
Units |
0,40 |
0,47 |
0,40 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,52 |
0,42 |
0,53 |
0,57 |
|
Quick Ratio |
Units |
0,26 |
0,10 |
0,12 |
0,05 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,07 |
0,44 |
0,56 |
2,84 |
|
Self Financing Ratio |
Units |
0,54 |
0,53 |
0,50 |
0,19 |
|
Capital protection Ratio |
Units |
0,94 |
0,90 |
0,69 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,14 |
0,09 |
0,06 |
0,18 |
|
Financing |
Units |
0,54 |
0,63 |
0,81 |
3,61 |
|
Permanent Indebtedness Ratio |
Units |
0,58 |
0,56 |
0,53 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,03 |
0,02 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,45 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
7,32 |
5,76 |
11,59 |
2,32 |
|
Current ratio |
Units |
3,12 |
2,63 |
2,31 |
1,31 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,77 |
1,25 |
1,31 |
0,94 |
|
Structure's primary quotient |
Units |
6,81 |
5,41 |
10,97 |
1,32 |
|
Treasury's primary quotient |
Units |
0,88 |
0,30 |
0,30 |
0,09 |
|
Rate of indebtedness ( Leverage ) |
% |
185,27 |
187,52 |
198,43 |
508,28 |
|
Current Capital ( net ) |
Value |
2.067.673 |
1.772.299 |
1.643.103 |
506.054 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
6,76 |
6,70 |
12,75 |
4,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
5,26 |
9,29 |
30,24 |
7,04 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
10,41 |
18,63 |
51,60 |
25,11 |
|
Return on Investment ( R.O.I. ) |
% |
5,53 |
9,90 |
26,86 |
5,73 |
|
Return/ Sales |
% |
5,67 |
6,91 |
17,43 |
5,09 |
|
Extra Management revenues/charges incid. |
% |
51,36 |
50,06 |
56,73 |
28,68 |
|
Cash Flow |
Value |
218.978 |
305.920 |
600.979 |
130.718 |
|
Operating Profit |
Value |
183.635 |
315.419 |
821.142 |
166.962 |
|
Gross Operating Margin |
Value |
309.627 |
464.754 |
957.533 |
241.399 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
96,80 |
128,60 |
|
Debts to suppliers average term |
Days |
n.c. |
110,00 |
100,00 |
154,33 |
|
Average stock waiting period |
Days |
146,03 |
118,26 |
95,47 |
66,92 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,98 |
1,43 |
1,54 |
1,17 |
|
Rate of stock return |
Units |
2,47 |
3,04 |
3,77 |
5,37 |
|
Labour cost incidence |
% |
18,46 |
14,95 |
13,48 |
17,86 |
|
Net financial revenues/ charges incidence |
% |
- 0,19 |
0,26 |
- 0,55 |
- 0,90 |
|
Labour cost on purchasing expenses |
% |
19,37 |
15,55 |
14,98 |
18,63 |
|
Short-term financing charges |
% |
0,90 |
n.c. |
3,98 |
2,31 |
|
Capital on hand |
% |
102,56 |
69,80 |
64,90 |
85,23 |
|
Sales pro employee |
Value |
154.216 |
217.273 |
314.025 |
213.113 |
|
Labour cost pro employee |
Value |
28.463 |
32.501 |
42.342 |
36.898 |
Credit Opinion
On the basis of the above mentioned, and the
sales volume obtained, we deem that the maximum exposure for short and medium
term transactions ( 90 - 120 days ) could be of:
120.000 Eur.
Market / Territory Data
|
Population living in the province |
: |
860.796 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the
region (in Eur.) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
Sector Data
The values are calculated on a base of 564
significant companies.
The companies cash their credits on an
average of 128 dd.
The average duration of suppliers debts is
about 154 dd.
The sector's profitability is on an average
of 4,03%.
The labour cost affects the turnover in the
measure of 17,86%.
Goods are held in stock in a range of 66 dd.
The difference between the sales volume and
the resources used to realize it is about 1,17.
The employees costs represent the 18,63% of
the production costs.
Statistical Detrimental Data
The area is statistically considered lowly
risky.
In the region 13.782 protested subjects are
found; in the province they count to 2.673.
The insolvency index for the region is 0,30,
, while for the province it is 0,31.
Total Bankrupt companies in the province :
2.982.
Total Bankrupt companies in the region :
16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.57 |
|
|
1 |
Rs.73.58 |
|
Euro |
1 |
Rs.66.23 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.