MIRA INFORM REPORT
|
Report Date : |
13.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
EG S.P.A. |
|
|
|
|
Registered Office : |
Via |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
15.06.1999 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Wholesale of pharmaceutical goods |
|
|
|
|
No of Employees : |
from 51 to 70 |
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 |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
|
Source
: CIA |
COMPANY NAME & ADDRESS
|
Eg S.p.a. |
|
Via |
|
6 |
|
20136 |
- Milano |
(MI) |
-IT- |
Summary
|
Fiscal Code |
: |
12432150154 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
15/06/1999 |
|
Equity |
: |
Over 2.582.254 |
|
|
: |
100.000.000/150.000.000 |
|
Number of Employees |
: |
from 51 to 70 |
Activity
Wholesale of pharmaceutical goods
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 12432150154 |
|
Chamber of Commerce no. : 1557340 of Milano since 08/05/1998 |
|
Firms' Register : MI-1998-113233 of Milano since 06/05/1998 |
|
V.A.T. Code : 12432150154 |
|
Establishment date |
: 19/03/1998 |
|
|
Start of Activities |
: 15/06/1999 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 4.500.000 |
|
|
Subscribed Capital |
: 4.500.000 |
|
|
Paid up Capital |
: 4.500.000 |
|
Members
|
|
Brandes |
Stefan Ulf |
|
|
|
Born in Amburgo |
( ) |
on 22/12/1967 |
- Fiscal Code : BRNSFN67T22Z112Z |
|
|
|
Residence: |
|
Turati Filippo |
, 29 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/03/2014 |
|
|
|
|
Balbo Di Vinadio |
Ippolito |
|
|
|
Born in Genova |
(GE) |
on 09/06/1957 |
- Fiscal Code : BLBPLT57H09D969C |
|
|
|
Residence: |
|
|
, 18/TER |
- 13900 |
|
(BI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
06/11/2012 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Hausermann |
Enrique |
|
|
|
Born in Barcellona |
( ) |
on 31/12/1945 |
- Fiscal Code : HSRNRQ45T31Z131J |
|
|
|
Residence: |
|
San Sisto |
, 8 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/03/2014 |
|
|
|
Managing Director |
13/03/2014 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Slegers |
Luc Maurice Godelieva |
|
|
|
Born in Mol |
( ) |
on 21/06/1953 |
- Fiscal Code : SLGLMR53H21Z103V |
|
|
|
Residence: |
Wielewaallaan |
, 40 |
Grimbergen |
- BE - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/03/2014 |
|
|
|
Board Chairman |
13/03/2014 |
|
|
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Pianezza |
Paolo Antonio Alfonso |
|
|
|
Born in Milano |
(MI) |
on 13/06/1952 |
- Fiscal Code : PNZPNT52H13F205A |
|
|
|
Residence: |
|
Aurelio Saffi |
, 9 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/04/2011 |
|
|
|
|
Prejudicial events registered |
Distraint - 21/07/2014.
|
|
CASSA LOMBARDA S. P. A. |
|
|
No Protests registered |
|
|
Stada Arzneimittel Ag |
|
|
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
|
No Prejudicial events are reported |
|
|
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.
|
|
Hausermann |
Enrique |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Crinos S.p.a. |
Milano (MI) - IT - |
03481280968 |
Managing Director |
Active |
Registered |
|
Crinos S.p.a. |
Milano (MI) - IT - |
03481280968 |
Director |
Active |
Registered |
|
Asgenia S.r.l. |
Roma (RM) - IT - |
12457321003 |
Director |
Active |
Registered |
|
Asgenia S.r.l. |
Roma (RM) - IT - |
12457321003 |
Board Chairman |
Active |
Registered |
|
|
Slegers |
Luc Maurice Godelieva |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Crinos S.p.a. |
Milano (MI) - IT - |
03481280968 |
Director |
Active |
Registered |
|
Crinos S.p.a. |
Milano (MI) - IT - |
03481280968 |
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 |
|
Stada Arzneimittel Ag |
|
97213070150 |
4.449.000 .Eur |
98,86 |
|
Bepha Beteiligungsgesellschaft Fur Pharm awerth |
|
97213060151 |
51.000 .Eur |
1,13 |
Direct Participations
The Company under review has no participations in other Companies.
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
|
Pavia |
, 6 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 02831037 |
|
- |
Branch |
|
since 25/02/2002 |
|
|
|
|
|
|
Pavia |
, 6 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
|
|
|
Employees |
: 62 |
|
Fittings and Equipment for a value of 56.000 |
Eur |
|
Stocks for a value of 36.030.000 |
Eur |
|
|
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
|
|
|
|
PAVIA |
, 6 |
, 20136 |
, MILANO |
(MI) |
- IT - |
|
|
|
Fiscal Code: 03757690965 |
|
|
|
Date |
Merging/splitting-up project: |
24/10/2005 |
|
|
The firm absorbed by merging of |
|
|
|
|
|
|
|
|
PAVIA |
, 6 |
, 20136 |
, MILANO |
(MI) |
- IT - |
|
|
|
Fiscal Code: 03757690965 |
|
|
|
Date |
: |
13/01/2006 |
Protests
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.
Legal Procedures
None reported, standing to the latest received edition of the Official Publications.
Financial and Economical Analysis
The company is active since 1999
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years, it achieved profits (r.o.e. 27,6% on 2013) with a
good increase in turnover (+21,73% in 2013 compared to 2012 and +13,08% in 2012
compared to 2011).
The operating result in 2013 was positive (22,95%) and even better than
sector's average.
The operating result is positive and amounts to Eur. 26.698.923 , on more
or less the same values as in the year before.
A gross operating margine for a value of Eur. 32.283.759 was reached.
,with no change if compared to the year before.
From a financial aspect the company's status covers total short-term
debts; the indebtedness volume in 2013 is in fact 0,71 improved in comparison
with the year before (1,1.).
With regard to equity capital, an amount of Eur. 63.540.935 is
registered. , with an upward trend.
The financial management has recorded total debts amounting to Eur.
48.095.462, with no important change.
The company does not exceed in bank borrowings; the recourse to
suppliers' credit is also limited which is also lower than the sector average.
The management determines a good range of liquidity.
Trade credits average terms are slow, on average 133,01 days. but in
line with the sector.
2013 financial year closed with a cash flow of Eur. 20.029.336
Subordinate employment cost is of Eur. 5.707.413, i.e. 4,32% on total
production costs. and a 3,84% incidence on sales volumes.
The incidence of the financial charges is of -0,63% on the sales amount.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
148.475.954 |
|
Profit (Loss) for the period |
17.534.946 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
121.962.770 |
|
Profit (Loss) for the period |
15.612.431 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
107.853.856 |
|
Profit (Loss) for the period |
10.997.851 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
94.536.909 |
|
Profit (Loss) for the period |
11.159.131 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
73.631.538 |
|
Profit (Loss) for the period |
3.717.926 |
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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,10 |
0,10 |
0,14 |
0,09 |
|
Elasticity Ratio |
Units |
0,89 |
0,89 |
0,86 |
0,89 |
|
Availability of stock |
Units |
0,31 |
0,26 |
0,30 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,63 |
0,56 |
0,54 |
|
Quick Ratio |
Units |
0,02 |
0,02 |
0,03 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,71 |
1,10 |
1,62 |
3,95 |
|
Self Financing Ratio |
Units |
0,55 |
0,45 |
0,36 |
0,17 |
|
Capital protection Ratio |
Units |
0,65 |
0,56 |
0,49 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,01 |
0,10 |
|
Financing |
Units |
0,76 |
1,14 |
1,71 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,55 |
0,46 |
0,36 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,00 |
0,01 |
0,01 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,04 |
0,19 |
1,04 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
5,47 |
4,50 |
2,70 |
2,37 |
|
Current ratio |
Units |
2,16 |
1,74 |
1,40 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,41 |
1,24 |
0,91 |
0,80 |
|
Structure's primary quotient |
Units |
5,42 |
4,45 |
2,65 |
1,48 |
|
Treasury's primary quotient |
Units |
0,06 |
0,04 |
0,05 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
183,07 |
222,27 |
279,81 |
602,26 |
|
Current Capital ( net ) |
Value |
55.800.748 |
38.775.929 |
20.726.727 |
191.984 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
13,49 |
14,35 |
13,59 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
27,60 |
33,94 |
36,18 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
40,97 |
50,05 |
54,64 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
22,95 |
23,01 |
20,68 |
4,18 |
|
Return/ Sales |
% |
17,98 |
19,29 |
16,31 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
65,68 |
66,36 |
62,53 |
27,96 |
|
Cash Flow |
Value |
20.029.336 |
17.500.554 |
14.656.031 |
44.823 |
|
Operating Profit |
Value |
26.698.923 |
23.527.921 |
17.587.716 |
74.603 |
|
Gross Operating Margin |
Value |
32.283.759 |
28.064.775 |
22.681.381 |
111.383 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
133,01 |
140,87 |
131,89 |
113,70 |
|
Debts to suppliers average term |
Days |
78,54 |
92,29 |
174,62 |
118,14 |
|
Average stock waiting period |
Days |
87,37 |
77,75 |
84,23 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,28 |
1,19 |
1,27 |
1,25 |
|
Rate of stock return |
Units |
4,12 |
4,63 |
4,27 |
4,88 |
|
Labour cost incidence |
% |
3,84 |
3,99 |
4,64 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
-0,63 |
-0,85 |
-0,89 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
4,32 |
4,69 |
5,49 |
8,25 |
|
Short-term financing charges |
% |
1,95 |
2,00 |
1,94 |
2,76 |
|
Capital on hand |
% |
78,35 |
83,84 |
78,85 |
79,85 |
|
Sales pro employee |
Value |
834.134 |
2.067.165 |
1.925.961 |
397.742 |
|
Labour cost pro employee |
Value |
32.064 |
82.578 |
89.340 |
33.267 |
Market / Territory Data
|
Population living in the province |
: |
3.839.216 |
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 9.175 significant companies.
The companies cash their credits on an average of 114 dd.
The average duration of suppliers debts is about 118 dd.
The sector's profitability is on an average of 2,03%.
The labour cost affects the turnover in the measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 8,25% of the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, , while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.44 |
|
|
1 |
Rs. 98.15 |
|
Euro |
1 |
Rs. 77.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.