MIRA
INFORM REPORT
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Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ORGANIC OILS S.P.A. |
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Registered Office : |
Str Montebuono 12 b, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.07.1997 |
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Com. Reg. No.: |
00736440553 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Subject is engaged in production of refined vegetable oils:
olive oil, soya-bean oil, etc.; processing of vegetable oils: blowing,
boiling, oxidation, polymerisation, dehydration, hydrogenation, etc. |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
Organic Oils S.p.A.
Str Montebuono 12 b
Perugia, 06132
Italy
Tel: (39) 075529991
Fax: (39) 0756959242
Web: www.organicoils.it
Synthesis
Employees: 17
Company Type: Public Subsidiary
Corporate Family: 10
Companies
Ultimate Parent: Bioera
SpA
Incorporation Date:
22-Jul-1997
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 10.2
Total Assets: 6.7
Business Description
ORGANIC OILS 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: 1199 - Other Food
Product Manufacturing Not Elsewhere Classified
NACE 2002: 1589 - Manufacture
of other food products not elsewhere classified
NAICS 2002: 311999 - All Other
Miscellaneous Food Manufacturing
UK SIC 2003: 1589 - Manufacture
of other food products not elsewhere classified
US SIC 1987: 2099 - Food
Preparations, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Mario Massai |
Managing director |
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Thomas Rossi |
Manager-Export |
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Luca Bianconi |
Member of the board |
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Lucia Morselli |
Member of the board |
Registered No.(ITA): 00736440553
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
Str Montebuono 12 b
Perugia, 06132
Italy
Tel: (39) 075529991
Fax: (39) 0756959242
Web: www.organicoils.it
Sales EUR(mil): 7.7
Assets EUR(mil): 5.0
Employees: 17
Fiscal Year End: 31-Dec-2010
Industry: Food
Processing
Incorporation Date: 22-Jul-1997
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(ITA): 00736440553
Managing director: Mario
Massai
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1199 - Other Food Product Manufacturing Not Elsewhere Classified
NACE 2002 Codes:
1589 - Manufacture of other food products not elsewhere classified
NAICS 2002 Codes:
311999 - All Other Miscellaneous Food Manufacturing
US SIC 1987:
2099 - Food Preparations, Not Elsewhere Classified
UK SIC 2003:
1589 - Manufacture of other food products not elsewhere classified
Business
Description
Organic Health Foods Mfr & Whslr
More Business
Descriptions
ORGANIC OILS 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.
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Corporate
Family |
Corporate
Structure News: |
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Organic Oils S.p.A. |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Milano |
Italy |
Food Processing |
62.4 |
96 |
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Subsidiary |
Turin |
Italy |
Food Processing |
45.8 |
52 |
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Subsidiary |
Cuneo |
Italy |
Food Processing |
3.0 |
24 |
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Subsidiary |
Scandiano, Reggio Emilia |
Italy |
Beverages (Non-Alcoholic) |
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30 |
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Subsidiary |
Coriano |
Italy |
Food Processing |
1.4 |
4 |
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Subsidiary |
Modugno |
Italy |
Food Processing |
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Subsidiary |
Argentona |
Spain |
Food Processing |
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Subsidiary |
Maia |
Portugal |
Food Processing |
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8 |
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Subsidiary |
Scandiano |
Italy |
Retail (Grocery) |
50.7 |
15 |
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Subsidiary |
Perugia |
Italy |
Food Processing |
10.2 |
15 |
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Executive report
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Board of
Directors |
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Member of the board |
Director/Board Member |
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Member of the board |
Director/Board Member |
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Executives |
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Managing director |
Managing Director |
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Manager-Export |
International Executive |
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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 |
9.9 |
12.4 |
11.3 |
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Net sales |
10.2 |
12.5 |
10.9 |
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Other operating income |
0.1 |
0.2 |
0.1 |
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Raw materials and consumables employed |
6.4 |
8.2 |
7.5 |
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Other expenses |
2.5 |
2.7 |
2.3 |
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Total payroll costs |
0.7 |
0.7 |
0.7 |
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Fixed asset depreciation and amortisation |
0.5 |
0.5 |
0.4 |
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Other operating costs |
0.0 |
0.1 |
0.0 |
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Net operating
income |
-0.1 |
0.2 |
0.2 |
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Total financial
income |
0.0 |
0.1 |
0.0 |
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Total expenses |
0.2 |
0.3 |
0.4 |
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Profit before tax |
-0.3 |
0.0 |
-0.2 |
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Extraordinary result |
-0.6 |
0.0 |
0.0 |
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Profit after extraordinary items and
before tax |
-0.9 |
0.1 |
-0.2 |
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Total taxation |
0.1 |
0.1 |
0.1 |
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Net loss |
1.0 |
0.0 |
0.3 |
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 |
0.2 |
1.2 |
1.2 |
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Provision for risks |
0.5 |
0.3 |
0.3 |
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Provision for pensions |
0.2 |
0.1 |
0.1 |
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Mortgages and loans |
0.6 |
1.2 |
1.5 |
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Other long-term liabilities |
0.0 |
- |
0.1 |
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Trade creditors |
2.1 |
2.3 |
2.4 |
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Bank loans and overdrafts |
1.4 |
3.0 |
2.9 |
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Other current liabilities |
1.6 |
0.6 |
0.6 |
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Accruals and deferred income |
0.2 |
0.7 |
0.3 |
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Total current
liabilities |
5.3 |
6.5 |
6.3 |
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Total
liabilities (including net worth) |
6.7 |
9.3 |
9.4 |
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Intangibles |
0.1 |
0.2 |
0.2 |
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Buildings |
2.2 |
2.4 |
2.4 |
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Total tangible
fixed assets |
3.6 |
4.1 |
4.0 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Total financial assets |
0.0 |
0.0 |
0.0 |
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Receivables due after 1 year |
0.0 |
- |
0.1 |
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Total
non-current assets |
3.8 |
4.2 |
4.4 |
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Finished goods |
0.9 |
1.9 |
2.1 |
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Net stocks and work in progress |
1.2 |
2.2 |
2.5 |
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Trade debtors |
1.4 |
2.2 |
2.0 |
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Other receivables |
0.1 |
0.3 |
0.3 |
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Cash and liquid assets |
0.1 |
0.1 |
0.1 |
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Accruals |
0.2 |
0.2 |
0.2 |
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Total current
assets |
3.0 |
5.1 |
5.1 |
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Total assets |
6.7 |
9.3 |
9.4 |
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 |
0.60 |
0.80 |
0.80 |
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Quick ratio |
0.30 |
0.40 |
0.40 |
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Current liabilities to net worth |
0.31% |
0.05% |
0.05% |
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Sales per employee |
0.45 |
0.69 |
0.49 |
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Profit per employee |
-0.04 |
0.00 |
-0.01 |
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Average wage per employee |
0.03 |
0.04 |
0.03 |
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Net worth |
0.2 |
1.2 |
1.2 |
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Number of employees |
17 |
13 |
16 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.95 |
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UK Pound |
1 |
Rs.86.56 |
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Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.