MIRA
INFORM REPORT
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Report Date : |
26.11.2014 |
IDENTIFICATION DETAILS
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Name : |
S.R.L. OLEOCHIMICA COMMERCIALE |
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Registered Office : |
Via Giuseppe Dezza, 45 20144 - Milano (MI) |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
19.01.1979 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Wholesale of edible vegetable and animal oils and fats |
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No. of Employees : |
from 1 to 5 |
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 : |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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Source
: CIA |
Company name and address
S.R.L. OLEOCHIMICA COMMERCIALE
Via Giuseppe Dezza, 45
20144 - Milano (MI) -IT-
Summary
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Fiscal Code |
: |
04428900155 |
|
Legal Form |
: |
Limited liability company |
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start of Activities |
: |
19/01/1979 |
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Equity |
: |
300.000 |
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|
: |
1.500.000/2.000.000 |
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Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of edible vegetable and animal oils and fats
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 04428900155 |
|
Foreign Trade Reg. no. : MI015996 since 06/12/1991 |
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Chamber of Commerce no. : 1003613 of Milano since 21/02/1979 |
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V.A.T. Code : 04428900155 |
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Foundation date |
: 19/01/1979 |
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Establishment date |
: 19/01/1979 |
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Start of Activities |
: 19/01/1979 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 49.400 |
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Subscribed Capital |
: 49.400 |
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Paid up Capital |
: 49.400 |
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Members
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Martini |
Gianmarco |
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|
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Born in Milano |
(MI) |
on 09/10/1921 |
- Fiscal Code : MRTGMR21R09F205S |
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Residence: |
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, 0019 |
- 20100 |
Milano |
(MI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Attorney General |
17/05/1979 |
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No Prejudicial events are reported |
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No Protests registered |
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D'aprile |
Lorenzo |
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Born in Longjumeau |
( ) |
on 17/06/1959 |
- Fiscal Code : DPRLNZ59H17Z211S |
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Residence: |
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Plebisciti |
, 1 |
- 20129 |
Milano |
(MI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Sole Director |
08/06/1998 |
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No Prejudicial events are reported |
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No Protests registered |
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D Aprile Lorenzo |
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Position |
Since |
Shares Amount |
% Ownership |
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Partner |
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Prejudicial Events found with cancellations* |
Legal Mortgage - 29/10/2007. - 34.876 Euro.
Event writing-off
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ESATRI ESAZIONE TRIBUTI S.P.A. |
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No Protests registered |
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Martini Roberta Gaia Barbara |
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Position |
Since |
Shares Amount |
% Ownership |
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Partner |
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No Prejudicial events are reported |
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No Protests registered |
*Concerns also partially erased events.
Companies connected to members *
*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.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
D Aprile Lorenzo |
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DPRLNZ59H17Z110O |
25.194 .Eur |
51,00 |
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Martini Roberta Gaia Barbara |
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MRTRRT66A62F205T |
24.206 .Eur |
49,00 |
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 |
|
since 19/01/1979 |
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Giuseppe Dezza |
, 45 |
- 20100 |
- Milano |
(MI) |
- IT - |
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PHONE |
: 4985257 |
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Employees |
: 2 |
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Fittings and Equipment for a value of 3.000 |
Eur |
|
Stocks for a value of 42.000 |
Eur |
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Vehicles: 1. |
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The firm operates abroad as importer..
To purchase foreign products the firm uses the following channels :
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- direct orders to foreign companies |
Import comes generally from the following nations:
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- |
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- |
Export is mainly towards:
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- |
Protests
Protests checking on the subject firm has given a negative result.
Data Base Prejudicial Events
Search
Search performed on a National Scale
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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 1979
The eonomic-financial analysis is based on the latest 3 b/s.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 21,53% in 2013
The return on Investment in the last financial year was positive
(13,69%) and in line with the sector's average.
The amount of the operating result for the year 2013 is of Eur. 120.637 ,
on more or less the same values as in the year before.
The economic management produced a gross operating margin of Eur.
125.490 on the same levels as the previous financial year.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,59) and decreasing as against 2012.
The management generated equity capital for an amount of Eur. 290.084 ,
with an upward trend.
Total indebtedness totalled Eur. 576.996, , with a fall of -52,12%.
Available funds are good.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 67.313
Financial Data
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Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
1.845.820 |
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Profit (Loss) for the period |
62.460 |
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Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
2.800.977 |
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Profit (Loss) for the period |
55.194 |
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Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
2.101.289 |
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Profit (Loss) for the period |
63.900 |
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Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
1.289.551 |
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Profit (Loss) for the period |
59.950 |
Balance Sheets
From our constant monitoring of the relevant Public Administration offices,
no more recent balance sheets result to have been filed.
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- Balance Sheet as at 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
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- 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 |
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COMPOSITION ON INVESTMENT |
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|
|
|
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Rigidity Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,13 |
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Elasticity Ratio |
Units |
1,00 |
1,00 |
1,00 |
0,85 |
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Availability of stock |
Units |
0,05 |
0,05 |
0,19 |
0,16 |
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Total Liquidity Ratio |
Units |
0,95 |
0,95 |
0,81 |
0,62 |
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Quick Ratio |
Units |
0,13 |
0,21 |
0,37 |
0,03 |
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COMPOSITION ON SOURCE |
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Net Short-term indebtedness |
Units |
1,59 |
3,93 |
0,80 |
5,02 |
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Self Financing Ratio |
Units |
0,33 |
0,16 |
0,34 |
0,13 |
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Capital protection Ratio |
Units |
0,61 |
0,54 |
0,52 |
0,58 |
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Liabilities consolidation quotient |
Units |
n.c. |
n.c. |
0,01 |
0,10 |
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Financing |
Units |
1,99 |
5,30 |
1,93 |
6,17 |
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Permanent Indebtedness Ratio |
Units |
0,33 |
0,16 |
0,34 |
0,25 |
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M/L term Debts Ratio |
Units |
n.c. |
n.c. |
0,01 |
0,07 |
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Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,16 |
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CORRELATION |
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Fixed assets ratio |
Units |
181,08 |
113,02 |
86,70 |
1,57 |
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Current ratio |
Units |
1,52 |
1,19 |
1,55 |
1,09 |
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Acid Test Ratio-Liquidity Ratio |
Units |
1,45 |
1,14 |
1,26 |
0,85 |
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Structure's primary quotient |
Units |
181,08 |
113,02 |
85,25 |
0,96 |
|
Treasury's primary quotient |
Units |
0,20 |
0,26 |
0,58 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
303,82 |
633,14 |
298,37 |
743,68 |
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Current Capital ( net ) |
Value |
302.640 |
233.708 |
247.663 |
70.465 |
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RETURN |
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Return on Sales |
% |
3,65 |
2,19 |
3,13 |
1,66 |
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Return on Equity - Net- ( R.O.E. ) |
% |
21,53 |
24,25 |
27,26 |
6,68 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
31,99 |
36,20 |
40,04 |
19,39 |
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Return on Investment ( R.O.I. ) |
% |
13,69 |
7,51 |
15,13 |
3,84 |
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Return/ Sales |
% |
6,54 |
3,87 |
5,03 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
51,78 |
50,97 |
60,40 |
28,56 |
|
Cash Flow |
Value |
67.313 |
61.397 |
65.707 |
48.046 |
|
Operating Profit |
Value |
120.637 |
108.290 |
105.791 |
59.910 |
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Gross Operating Margin |
Value |
125.490 |
114.493 |
107.598 |
99.701 |
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MANAGEMENT |
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Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
86,56 |
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Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
100,32 |
|
Average stock waiting period |
Days |
8,23 |
8,96 |
22,53 |
31,97 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,09 |
1,94 |
3,00 |
1,82 |
|
Rate of stock return |
Units |
43,76 |
40,17 |
15,98 |
11,18 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
n.c. |
5,95 |
|
Net financial revenues/ charges incidence |
% |
-1,50 |
-0,92 |
-0,54 |
-0,81 |
|
Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
n.c. |
5,95 |
|
Short-term financing charges |
% |
4,79 |
2,15 |
2,52 |
2,18 |
|
Capital on hand |
% |
47,75 |
51,45 |
33,29 |
54,67 |
|
Sales pro employee |
Value |
|
|
|
507.074 |
|
Labour cost pro employee |
Value |
|
|
|
32.650 |
Remarks
1) Protests checking (relative to the last five years) performed by crossing
and matching the members names and the Firm's Style with the reported
addresses, is supplied by the Informatic Registry managed by the Italian
Chamber of Commerce. If the fiscal code is not indicated, the eventual
homonymous cases are submitted to expert staff evaluation in order to limit
wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the
Italian Chamber of Commerce, are in line with the last registered
modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
Market / Territory Data
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Population living in the province |
: |
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Population living in the region |
: |
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Number of families in the region |
: |
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3.839.216Monthly family expences average in the region (in Eur..) :
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- per food products |
: |
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- per non food products |
: |
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- per energy consume |
: |
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Sector Data
The values are calculated on a base of 5.101 significant companies.
The companies cash their credits on an average of 87 dd.
The average duration of suppliers debts is about 100 dd.
The sector's profitability is on an average of 1,66%.
The labour cost affects the turnover in the measure of 5,95%.
Goods are held in stock in a range of 32 dd.
The difference between the sales volume and the resources used to
realize it is about 1,82.
The employees costs represent the 5,95% 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.61.92 |
|
|
1 |
Rs.97.12 |
|
Euro |
1 |
Rs.76.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
SDA |
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 |
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|
-- |
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.