MIRA INFORM REPORT
|
Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
CORTI ZOOTECNICI SRL |
|
|
|
|
Registered Office : |
Via Alessandro Volta 4, Monvalle, 21020 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
04.05.1983 |
|
|
|
|
Com. Reg. No.: |
01388470120 |
|
|
|
|
Legal Form : |
Private Independent Company |
|
|
|
|
Line of Business : |
manufacture of
mowers including lawn mowers |
|
|
|
|
No. of Employees
: |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Corti Zootecnici SRL
Via Alessandro Volta 4
Monvalle, 21020
Italy
Tel: +39 0332 799985
Fax: +39 0332 799358
Synthesis
Employees: 50
Company Type: Private Independent
Incorporation Date:
04-May-1983
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 26.8
Total Assets: 25.7
Business Description
Corti Zootecnici SRL is primarily engaged in manufacture of mowers including lawn mowers; manufacture of agricultural self-loading or self-unloading trailers or semi-trailers; manufacture of agricultural machinery for soil preparation, planting or fertilising (ploughs, manure spreaders, seeders, harrows, etc.); manufacture of harvesting or threshing machinery (harvesters, threshers, sorters, etc.); manufacture of milking machines; manufacture of spraying machinery for agricultural use; and manufacture of diverse agricultural machinery (poultry keeping machinery, bee-keeping machinery, equipment for preparing fodder, etc.; and machines for cleaning, sorting or grading eggs, fruit, seed, grain, etc.).
Industry
Industry Construction and Agriculture
Machinery
ANZSIC 2006: 2461 -
Agricultural Machinery and Equipment Manufacturing
NACE 2002: 2932 - Manufacture
of other agricultural and forestry machinery
NAICS 2002: 33311 -
Agricultural Implement Manufacturing
UK SIC 2003: 2932 - Manufacture
of other agricultural and forestry machinery
US SIC 1987: 3524 - Lawn and
Garden Tractors and Home Lawn and Garden Equipment
Key Executives
|
Name |
Title |
|
Esterino Corti |
President |
|
Bruno Mazzoni |
General manager |
|
Luigi Zubiani |
Head of accounting department |
|
Achille Corti |
Executive |
|
Paolo Maria Corti |
Managing director |
Registered No.(ITA): 01388470120
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 Alessandro Volta 4
Monvalle, 21020
VARESE County
Italy
Tel: +39 0332 799985
Fax: +39 0332 799358
Sales EUR(mil): 20.2
Assets EUR(mil): 19.2
Employees: 50
Fiscal Year End: 31-Dec-2010
Industry: Construction
and Agriculture Machinery
Incorporation Date: 04-May-1983
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ITA): 01388470120
Managing director: Paolo
Maria Corti
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2461 - Agricultural Machinery and Equipment Manufacturing
2439 - Other Electrical Equipment Manufacturing
NACE 2002 Codes:
2932 - Manufacture of other agricultural and forestry machinery
3162 - Manufacture of other electrical equipment not elsewhere
classified
NAICS 2002 Codes:
33311 - Agricultural Implement Manufacturing
335999 - All Other Miscellaneous Electrical Equipment and Component
Manufacturing
US SIC 1987:
3699 - Electrical Machinery, Equipment, and Supplies, Not
Elsewhere Classified
3524 - Lawn and Garden Tractors and Home Lawn and Garden Equipment
UK SIC 2003:
2932 - Manufacture of other agricultural and forestry machinery
3162 - Manufacture of other electrical equipment not elsewhere
classified
Business
Description
Corti Zootecnici
SRL is primarily engaged in manufacture of mowers including lawn mowers;
manufacture of agricultural self-loading or self-unloading trailers or
semi-trailers; manufacture of agricultural machinery for soil preparation,
planting or fertilising (ploughs, manure spreaders, seeders, harrows, etc.);
manufacture of harvesting or threshing machinery (harvesters, threshers,
sorters, etc.); manufacture of milking machines; manufacture of spraying
machinery for agricultural use; and manufacture of diverse agricultural
machinery (poultry keeping machinery, bee-keeping machinery, equipment for
preparing fodder, etc.; and machines for cleaning, sorting or grading eggs,
fruit, seed, grain, etc.).
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Executive report
|
Executives |
|
|
|
|
|||
|
President |
President |
|
|||
|
Managing director |
Managing Director |
|
|||
|
General manager |
Administration Executive |
|
|||
|
Head of accounting department |
Accounting Executive |
|
|||
|
Executive |
Other |
|
Corti Zootecnici
S.R.L. Receives Patent for Feed Box to Supply Feed to Poultry Breeding
Indian Patent News
23 October 2011
[What follows is the
full text of the article.]
New Delhi, Oct. 23 -- Corti Zootecnici S.R.L. received patent for feed
box to supply feed to poultry breeding on April 18, 2008. The patent number
issued by the Indian Patent Office is 219001.
Corti Zootecnici S.R.L. had filed patent application number
IN/PCT/2002/1005/KOL for feed box to supply feed to poultry breeding on Aug. 5,
2002. The inventors of the patent are Corti Esterino and Tancredi Paolo.
The International classification number is A61K39/012.
The PCT International application number of the patent is PCT/IT01/00046
and the application was filed on Jan. 31, 2001.
According to the Controller General of Patents, Designs & Trade
Marks, "A feedbox for breeding poultry is described, of the type
comprising at least one main protection grate mounted on a feed storage tub and
with dividing plates and openings to allow the poultry access to the feed.
Besides, the feedbox comprises an auxiliary grate slidingly or rotationally
joined to the main protection grate, the auxiliary grate being equipped with a
plurality of peripheral tips and arranged so that the tips do not interfere
with said openings of the main protection grate n at least a first relative
position of the auxiliary grate with respects to the main grate and, vice
versa, at least partially obstruct one or more of the openings in at least a
second relative position of the auxiliary grate with respects to the main
grate."
Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
28.5 |
21.3 |
27.1 |
|
Net sales |
26.8 |
21.7 |
26.8 |
|
Other operating income |
- |
- |
0.0 |
|
Raw materials and consumables employed |
17.4 |
11.1 |
16.3 |
|
Other expenses |
4.7 |
3.9 |
5.0 |
|
Total payroll costs |
2.1 |
2.1 |
2.2 |
|
Fixed asset depreciation and amortisation |
1.2 |
1.2 |
1.3 |
|
Other operating costs |
0.1 |
0.2 |
0.1 |
|
Net operating
income |
3.0 |
2.8 |
2.2 |
|
Total financial
income |
0.0 |
0.1 |
0.0 |
|
Total expenses |
0.1 |
0.1 |
0.2 |
|
Profit before tax |
2.9 |
2.8 |
2.0 |
|
Extraordinary result |
- |
0.0 |
0.0 |
|
Profit after extraordinary items and
before tax |
2.9 |
2.8 |
2.0 |
|
Total taxation |
0.8 |
0.9 |
0.7 |
|
Net profit |
2.1 |
1.9 |
1.3 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total
stockholders equity |
15.8 |
14.5 |
12.2 |
|
Provision for pensions |
0.6 |
0.6 |
0.6 |
|
Mortgages and loans |
2.2 |
2.5 |
- |
|
Trade creditors |
5.6 |
5.1 |
4.8 |
|
Bank loans and overdrafts |
0.3 |
- |
2.4 |
|
Other current liabilities |
1.0 |
0.9 |
0.6 |
|
Accruals and deferred income |
0.2 |
0.2 |
0.2 |
|
Total current liabilities |
7.2 |
6.2 |
8.0 |
|
Total
liabilities (including net worth) |
25.7 |
23.9 |
20.8 |
|
Intangibles |
1.8 |
1.2 |
0.8 |
|
Total tangible
fixed assets |
3.8 |
3.4 |
3.4 |
|
Long-term investments |
1.1 |
1.2 |
1.1 |
|
Total financial
assets |
1.1 |
1.2 |
1.1 |
|
Receivables due after 1 year |
0.0 |
0.1 |
0.2 |
|
Total
non-current assets |
6.7 |
5.8 |
5.5 |
|
Finished goods |
5.4 |
4.0 |
4.4 |
|
Net stocks and work in progress |
5.4 |
4.0 |
4.4 |
|
Trade debtors |
8.1 |
9.9 |
8.5 |
|
Other receivables |
1.0 |
0.6 |
1.3 |
|
Cash and liquid assets |
4.1 |
3.2 |
0.9 |
|
Accruals |
0.4 |
0.5 |
0.3 |
|
Total current
assets |
19.0 |
18.1 |
15.3 |
|
Total assets |
25.7 |
23.9 |
20.8 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
2.60 |
2.90 |
1.90 |
|
Quick ratio |
1.90 |
2.30 |
1.40 |
|
Current liabilities to net worth |
0.01% |
0.00% |
0.01% |
|
Sales per employee |
0.44 |
0.39 |
0.39 |
|
Profit per employee |
0.05 |
0.05 |
0.03 |
|
Average wage per employee |
0.03 |
0.04 |
0.03 |
|
Net worth |
15.8 |
14.5 |
12.2 |
|
Number of employees |
46 |
40 |
47 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.33 |
|
UK Pound |
1 |
Rs.77.97 |
|
Euro |
1 |
Rs.65.07 |
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.