|
Report Date : |
15.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
MOELLHAUSEN S.P.A. |
|
|
|
|
Registered Office : |
Via Carlo Freguglia, 2 20100 – Milano (MI) -IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.05.2011 |
|
|
|
|
Date of Incorporation : |
23.010.1967 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of toiletries: perfumes, cosmetics, soaps and similars |
|
|
|
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Source
: CIA |
|
Moellhausen S.p.A. |
|
Via |
Carlo Freguglia, |
2 |
|
20100 |
- Milano |
(MI) |
-IT- |
|
Fiscal Code |
: |
03149330155 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
01/12/1994 |
|
Equity |
: |
Over 2.582.254 |
|
|
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
|
The company under review is mainly engaged in the manufacture of
essential |
|
oils and natural flavorings, aroma chemicals, concentrated fruit
juices |
|
and pulps, and organic ingredients. |
Manufacture of toiletries: perfumes, cosmetics, soaps and similars
Manufacture of essential oils
Legal Form : Joint stock company
|
Fiscal Code : 03149330155 |
|
Foreign Trade Reg. no. : MI221065 since 13/02/1995 |
|
Chamber of Commerce no. : 1456445 of |
|
Chamber of Commerce no. : 1456445 of since 01/12/1994 |
|
Chamber of Commerce no. : 216066 of since 18/04/1990 until 14/09/1995 |
|
Firms' Register : MI146-348719 of since 19/02/1996 |
|
V.A.T. Code : 11300860159 |
|
Foundation date |
: 23/10/1967 |
|
|
Establishment date |
: 23/10/1967 |
|
|
Start of Activities |
: 01/12/1994 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 3.450.000 |
|
|
Subscribed Capital |
: 3.450.000 |
|
|
Paid up Capital |
: 3.450.000 |
|
|
|
Moellhausen |
Anthony |
|
|
|
Born in Milano |
(MI) |
on 11/01/1964 |
- Fiscal Code : MLLNHN64A11F205Q |
|
|
|
Residence: |
|
Villa |
, 207F |
- 20057 |
Vedano Al Lambro |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/09/2009 |
|
|
|
Board Chairman |
28/09/2009 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Moellhausen |
Micaela |
|
|
|
Born in Roma |
(RM) |
on 07/06/1948 |
- Fiscal Code : MLLMCL48H47H501G |
|
|
|
Residence: |
|
Luigi Pirandello |
, 8 |
- 20144 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/09/2009 |
|
|
|
|
No Protests registered |
|
|
Ghigliotti Progida |
Alessandra |
|
|
|
Born in Milano |
(MI) |
on 22/04/1962 |
- Fiscal Code : GHGLSN62D62F205B |
|
|
|
Residence: |
|
Bianca Di Savoia |
, 4 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/09/2009 |
|
|
|
|
No Protests registered |
|
|
Caporal |
Nicole |
|
|
|
Born in Roma |
(RM) |
on 25/11/1963 |
- Fiscal Code : CPRNCL63S65H501W |
|
|
|
Residence: |
|
Biancamano Umberto |
, 14 |
- 20052 |
|
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Person in charge |
26/04/2001 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are
listed.
The Members of the subject firm are not reported to be Members in other
companies.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Moellhausen Anthony |
Vedano Al Lambro - IT - |
MLLNHN64A11F205Q |
1.149.885 .Eur |
33,33 |
|
Moellhausen Micaela |
Milano - IT - |
MLLMCL48H47H501G |
1.149.885 .Eur |
33,33 |
|
Ghigliotti Progida Alessandra |
Milano - IT - |
GHGLSN62D62F205B |
183.195 .Eur |
5,31 |
|
Moellhausen Stephanie |
|
MLLSPH88C69F205N |
183.195 .Eur |
5,31 |
|
Moellhausen Sylvie |
|
MLLSLV91B53F205D |
183.540 .Eur |
5,32 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
A.v.m. Essential Oils Aromatics Srl |
Milano - IT - |
02188710962 |
10.329 .Eur |
100,00 |
|
|
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Registered office |
since 22/12/1989 |
|
|
|
|
|
|
Carlo Freguglia |
, 2 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0255016691 |
|
- |
Branch |
(Administrative office) |
since 12/09/2005 |
|
|
|
|
|
|
Torri Bianche |
, 2-9 |
- 20059 |
- Vimercate |
(MB) |
- IT - |
|
|
|
|
PHONE |
: 039685621 |
|
- |
Branch |
(Warehouse) |
since 14/10/2005 |
|
|
|
|
|
|
Provinciale Delle Industrie |
, 95 |
- 20040 |
- Cambiago |
(MI) |
- IT - |
|
|
|
|
Employees |
: 49 |
|
Fittings and Equipment for a value of 170.000 |
Eur |
|
Stocks for a value of 12.930.000 |
Eur |
|
Vehicles for a value of 41.000 |
Eur |
The firm has a direct commercial organization
Sales are mainly addressed to
|
|
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- trading companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- trading companies |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- |
|
- |
|
- |
|
- |
Export is mainly towards:
|
- |
|
- |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
14/09/1994 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Moellhausen Trading S.r.l. |
Moellhausen S.p.A. |
14/09/1994 |
EX-MEMBERS / EX-POSITIONS:
|
|
Moellhausen |
Anthony |
|
|
|
Born in Milano |
(MI) |
on 11/01/1964 |
- Fiscal Code : MLLNHN64A11F205Q |
|
|
|
Residence: |
|
Villa |
, 207F |
- 20057 |
Vedano Al Lambro |
(MB) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Managing Director |
|
|
Moellhausen |
Luca Andrea |
|
|
|
Born in Milano |
(MI) |
on 17/03/1958 |
- Fiscal Code : MLLLND58C17F205E |
|
|
|
Residence: |
|
Bianca Di Savoia |
, 4 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
Sole Director |
|
Chairman |
Protests checking on the subject firm has given a negative result.
Data Base Prejudicial Events Search
Search performed on a National Scale
|
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official
Publications.
Financial and Economical Analysis
Subject is active since 1994
An eco-fin analysis has been made on the base od the b/s fo the years 2009,
2010 and 2011.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 10,96% in 2011 with an increase in 2011 (+13,04%).
The operating result was positive in the last financial year (5,18%) and
in line with the sector's average.
The amount of the operating result is equal to Eur. 1.202.598 with a
48,25% growth.
A gross operating margine for a value of Eur. 1.992.430 was reached.
showing a 52,55% growth.
The financial position is not well balanced as the volume of debts is
fairly remarkable if compared to shareholder's equity, in fact total debts are
5,32 with an upward trend.
The equity capital is equal to Eur. 3.388.271 , unchanged if compared to
2010.
During the last financial year total debts volume reached Eur.
18.767.595 (Eur. 500.000 were m/l term ones) with a growth equal to 31,38%.
Bank borrowings' volume is slightly high but it modestly dips into
suppliers credit, 50,35 gg. is the payments' average time lined up with the
sector.
Payments are supported by good current assets.
Due from customers average term is high and equal to 103,54 days. within
the average values of the sector.
Eur. 1.161.097 is the value of cash flow during the year 2011
Labour cost amounts to Eur. 2.955.554, with a 10,39% incidence on
production costs. , with a 10,06% incidence on turnover.
Financial charges have a high incidence (-2,08%) on turnover figures.
|
|
|
Complete balance-sheet for the year |
31/05/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
29.368.151 |
|
Profit (Loss) for the period |
371.265 |
|
|
|
Complete balance-sheet for the year |
31/05/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
25.979.613 |
|
Profit (Loss) for the period |
108.728 |
|
|
|
Complete balance-sheet for the year |
31/05/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
29.570.800 |
|
Profit (Loss) for the period |
66.862 |
|
|
|
Complete balance-sheet for the year |
31/05/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
24.633.353 |
|
Profit (Loss) for the period |
513.937 |
|
|
|
Complete balance-sheet for the year |
31/05/2007 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.211.119 |
|
Profit (Loss) for the period |
-389.947 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/05/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/05/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/05/2009 - 12 Mesi - Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/05/2011 |
as at 31/05/2010 |
as at 31/05/2009 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,06 |
0,10 |
0,07 |
0,24 |
|
Elasticity Ratio |
Units |
0,93 |
0,89 |
0,92 |
0,73 |
|
Availability of stock |
Units |
0,56 |
0,45 |
0,45 |
0,18 |
|
Total Liquidity Ratio |
Units |
0,37 |
0,44 |
0,47 |
0,50 |
|
Quick Ratio |
Units |
0,01 |
0,00 |
0,02 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
5,32 |
4,48 |
5,04 |
1,95 |
|
Self Financing Ratio |
Units |
0,15 |
0,17 |
0,15 |
0,26 |
|
Capital protection Ratio |
Units |
0,40 |
0,42 |
0,41 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,06 |
0,10 |
0,10 |
0,17 |
|
Financing |
Units |
5,54 |
4,73 |
5,50 |
2,49 |
|
Permanent Indebtedness Ratio |
Units |
0,20 |
0,24 |
0,22 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,07 |
0,07 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
4,15 |
3,75 |
3,79 |
0,66 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
3,33 |
2,47 |
3,08 |
1,44 |
|
Current ratio |
Units |
1,18 |
1,20 |
1,19 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,48 |
0,59 |
0,61 |
0,90 |
|
Structure's primary quotient |
Units |
2,48 |
1,73 |
2,06 |
0,95 |
|
Treasury's primary quotient |
Units |
0,01 |
0,00 |
0,02 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
684,96 |
603,99 |
672,23 |
377,91 |
|
Current Capital ( net ) |
Value |
3.360.340 |
2.716.086 |
2.911.117 |
409.215 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,95 |
1,86 |
1,12 |
4,14 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
10,96 |
3,60 |
2,30 |
3,93 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
20,40 |
8,24 |
8,34 |
13,87 |
|
Return on Investment ( R.O.I. ) |
% |
5,18 |
4,45 |
4,91 |
4,03 |
|
Return/ Sales |
% |
4,09 |
3,12 |
3,25 |
4,09 |
|
Extra Management revenues/charges incid. |
% |
30,87 |
13,40 |
6,97 |
31,19 |
|
Cash Flow |
Value |
1.161.097 |
483.587 |
332.121 |
164.045 |
|
Operating Profit |
Value |
1.202.598 |
811.150 |
959.742 |
170.300 |
|
Gross Operating Margin |
Value |
1.992.430 |
1.306.009 |
1.225.001 |
298.981 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
103,54 |
108,72 |
104,74 |
118,71 |
|
Debts to suppliers average term |
Days |
50,35 |
42,90 |
56,43 |
121,82 |
|
Average stock waiting period |
Days |
158,47 |
113,95 |
106,01 |
57,70 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,27 |
1,43 |
1,51 |
1,11 |
|
Rate of stock return |
Units |
2,27 |
3,16 |
3,40 |
6,23 |
|
Labour cost incidence |
% |
10,06 |
9,77 |
7,30 |
13,12 |
|
Net financial revenues/ charges incidence |
% |
-2,08 |
-2,33 |
-2,67 |
-1,46 |
|
Labour cost on purchasing expenses |
% |
10,39 |
10,01 |
7,48 |
14,24 |
|
Short-term financing charges |
% |
3,28 |
4,32 |
5,00 |
2,91 |
|
Capital on hand |
% |
79,03 |
70,14 |
66,11 |
89,74 |
|
Sales pro employee |
Value |
554.116 |
541.241 |
687.693 |
251.771 |
|
Labour cost pro employee |
Value |
55.765 |
52.904 |
50.227 |
33.858 |
Our Company collects data from public registers, lists, archives or
contained in Acts and/or documents (held by the National Chamber of Commerce or
Immovables Territorial Agency), users, reporters or however generally
accessible (for example, from categorical lists, statistical institutes, press
reports and from public inspection internet sites).
The present report is supplied for Your exclusive use and is bond to the
general conditions of the contract. Personal Data collection and treatment,
reported, are conform to our company's activities and to Your mandate conferred
to us by Your request, for the purposes in relation to Marketing Management,
Sales and Monetary Administration. It does not contain, nor could contain,
information cancelled by a justified opposition right.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.72 |
|
|
1 |
Rs.88.60 |
|
Euro |
1 |
Rs.71.34 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.