MIRA
INFORM REPORT
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Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ARTSANA SPA
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Registered Office : |
Via |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.09.1966 |
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Com. Reg. No.: |
00227010139 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Manufacturer of surgical dressings, elastic and gauze
bandages, sanitary towels, plasters, cotton wool; rubber goods |
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No. of Employees : |
1995 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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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 – 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
Artsana SpA
Via S Catelli 1
Grandate, 22070
Italy
Tel: (39) 031382000
Fax: +39 0313 82400
Web: www.artsana.com
Synthesis
Employees: 1995
Company Type: Public Parent
Corporate Family: 9
Companies
Incorporation Date:
12-Sep-1966
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 976.3
Total Assets: 1,253.2
Business Description
Manufacture of surgical dressings, elastic and gauze bandages, sanitary towels, plasters, cotton wool; rubber goods including bed sheets, cushions, aprons, bathing hats, sanitary goods, surgical rubber products; plastic products for medical purposes including transfusion equipment, catheters, syringes and bottle teats and bottles for babies; a wide range of medical instruments
Industry
Industry Personal and Household Products
ANZSIC 2006: 1524 - Sanitary
Paper Product Manufacturing
NACE 2002: 2122 - Manufacture
of household and sanitary goods and of toilet requisites
NAICS 2002: 322291 - Sanitary
Paper Product Manufacturing
UK SIC 2003: 2122 - Manufacture
of household and sanitary goods and of toilet requisites
US SIC 1987: 2676 - Sanitary Paper
Products
Key Executives
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Name |
Title |
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Michele Catelli |
Founder, Chairman & CEO |
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Alberto Corti |
Direttore-Commerciale |
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Ugo Andreoli |
Direttore-Sistemi Informativi |
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Enrico Catelli |
Purchasing manager |
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Massimo Sirotti |
Direttore-Qualità |
Registered No.(ITA): 00227010139
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 S Catelli 1
Grandate, 22070
Italy
Tel: (39) 031382000
Fax: +39 0313 82400
Web: www.artsana.com
Sales EUR(mil): 737.2
Assets EUR(mil): 934.2
Employees: 1995
Fiscal Year End: 31-Dec-2010
Industry: Personal and Household Products
Incorporation Date: 12-Sep-1966
Company Type: Public Parent
Quoted Status: Not Quoted
Registered No.(ITA): 00227010139
Founder, Chairman
& CEO : Michele Catelli
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
19 - Polymer Product and Rubber Product
Manufacturing
2412 - Medical and Surgical Equipment Manufacturing
1524 - Sanitary Paper Product Manufacturing
NACE 2002 Codes:
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
2122 - Manufacture of household and sanitary goods and of toilet
requisites
2513 - Manufacture of other rubber products
NAICS 2002 Codes:
322291 - Sanitary Paper Product Manufacturing
339112 - Surgical and Medical Instrument Manufacturing
326299 - All Other Rubber Product Manufacturing
US SIC 1987:
3069 - Fabricated Rubber Products, Not Elsewhere Classified
3841 - Surgical and Medical Instruments and Apparatus
2676 - Sanitary Paper Products
UK SIC 2003:
2122 - Manufacture of household and sanitary goods and of toilet
requisites
2513 - Manufacture of other rubber products
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
Business
Description
Manufacture of
surgical dressings, elastic and gauze bandages, sanitary towels, plasters,
cotton wool; rubber goods including bed sheets, cushions, aprons, bathing hats,
sanitary goods, surgical rubber products; plastic products for medical purposes
including transfusion equipment, catheters, syringes and bottle teats and bottles
for babies; a wide range of medical instruments
More Business
Descriptions
Health & Infant Products
Artsana 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,
dentists’ 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.).
Medical Equipment and Supplies Manufacturing
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Corporate
Family |
Corporate
Structure News: |
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Artsana SpA |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Artsana SpA |
Parent |
Grandate, CO |
Italy |
Personal and Household Products |
976.3 |
1,989 |
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Prenatal SpA |
Subsidiary |
Agrate Brianza, MI |
Italy |
Retail (Apparel) |
273.8 |
1,365 |
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Prenatal Sa |
Subsidiary |
L' Hospitalet De Llobregat, Barcelona |
Spain |
Retail (Apparel) |
115.2 |
536 |
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Pré - Natal - Sociedade Unipessoal, LDA |
Subsidiary |
Porto, Porto |
Portugal |
Retail (Apparel) |
20.4 |
127 |
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Prenatal Moeder En Kind BV |
Subsidiary |
Almere |
Netherlands |
Retail (Apparel) |
|
120 |
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Artsana Sud SpA |
Subsidiary |
Ortona, Chieti |
Italy |
Personal and Household Products |
151.1 |
173 |
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Subsidiary |
Dietzenbach, Hessen |
Germany |
Apparel and Accessories |
35.1 |
51 |
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Subsidiary |
Vanzago, Milano |
Italy |
Printing and Publishing |
13.8 |
51 |
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Subsidiary |
Golden, CO |
United States |
Apparel and Accessories |
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20 |
Executive report
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Board of
Directors |
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Founder, Chairman & CEO |
Chairman |
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Purchasing manager |
Director/Board Member |
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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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Founder, Chairman & CEO |
Chief Executive Officer |
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Presidente & Founder |
Chief Executive Officer |
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Managing director |
Managing Director |
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Direttore-Risorse Umane |
Human Resources Executive |
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Direttore-Commerciale |
Sales Executive |
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Direttore-Marketing |
Marketing Executive |
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Responsabile-Ufficio Stampa |
Public Relations Executive |
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Direttore-Sistemi Informativi |
Information Executive |
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Purchasing manager |
Purchasing Executive |
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Direttore-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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Executive |
Other |
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Executive |
Other |
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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 |
993.8 |
1,000.1 |
1,041.6 |
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Net sales |
976.3 |
998.4 |
1,041.5 |
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Other operating income |
12.3 |
11.6 |
13.9 |
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Raw materials and consumables employed |
494.9 |
478.9 |
484.7 |
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Other expenses |
289.3 |
305.5 |
323.2 |
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Total payroll costs |
129.3 |
139.0 |
143.0 |
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Fixed asset depreciation and amortisation |
38.7 |
41.5 |
46.4 |
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Other operating costs |
7.6 |
8.7 |
8.3 |
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Net operating income |
34.0 |
26.5 |
36.0 |
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Total financial income |
101.0 |
13.6 |
1.8 |
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Total expenses |
8.0 |
10.9 |
21.2 |
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Profit before tax |
127.0 |
29.2 |
16.6 |
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Extraordinary result |
1.4 |
9.0 |
11.1 |
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Profit after extraordinary items and before tax |
128.4 |
38.2 |
27.7 |
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Total taxation |
15.2 |
10.4 |
8.8 |
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Net profit |
113.2 |
27.8 |
18.9 |
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 |
524.3 |
440.4 |
408.6 |
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Provision for risks |
19.7 |
24.3 |
21.1 |
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Provision for pensions |
32.0 |
36.1 |
42.6 |
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Mortgages and loans |
117.0 |
182.3 |
71.8 |
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Other long-term liabilities |
68.1 |
85.0 |
94.8 |
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Trade creditors |
123.7 |
114.6 |
130.9 |
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Bank loans and overdrafts |
208.5 |
102.3 |
221.1 |
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Other current liabilities |
156.9 |
211.6 |
168.3 |
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Accruals and deferred income |
3.1 |
3.1 |
0.0 |
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Total current liabilities |
492.2 |
431.7 |
520.4 |
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Total liabilities (including net worth) |
1,253.2 |
1,199.8 |
1,159.4 |
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Intangibles |
9.4 |
13.3 |
17.3 |
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Buildings |
80.8 |
91.4 |
87.6 |
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Total tangible fixed assets |
174.2 |
188.2 |
186.7 |
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Long-term investments |
413.8 |
300.6 |
345.2 |
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Total financial assets |
440.9 |
372.5 |
345.4 |
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Receivables due after 1 year |
7.1 |
6.6 |
5.8 |
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Loans to associated companies |
26.8 |
71.7 |
- |
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Total non-current assets |
631.6 |
580.7 |
555.2 |
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Finished goods |
137.7 |
133.9 |
141.0 |
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Net stocks and work in progress |
153.2 |
149.9 |
161.5 |
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Trade debtors |
371.1 |
392.0 |
361.9 |
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Other receivables |
86.2 |
56.4 |
68.6 |
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Cash and liquid assets |
10.0 |
19.7 |
10.5 |
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Accruals |
1.2 |
1.2 |
1.6 |
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Total current assets |
621.7 |
619.1 |
604.1 |
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Total assets |
1,253.2 |
1,199.8 |
1,159.4 |
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 |
1.30 |
1.40 |
1.20 |
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Quick ratio |
1.00 |
1.10 |
0.90 |
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Current liabilities to net worth |
0.01% |
0.01% |
0.01% |
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Sales per employee |
0.37 |
0.22 |
0.33 |
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Profit per employee |
0.05 |
- |
0.01 |
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Average wage per employee |
0.05 |
0.03 |
0.05 |
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Net worth |
524.3 |
440.4 |
408.6 |
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Number of employees |
1,995 |
- |
2,196 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.84 |
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UK Pound |
1 |
Rs.86.72 |
|
Euro |
1 |
Rs.69.17 |
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.