MIRA INFORM REPORT
|
Report No. : |
314641 |
|
Report Date : |
26.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ITAL PHARCHEM S.R.L. |
|
|
|
|
Registered Office : |
Via Per Cuggiono, 7, 20022 - Castano
Primo (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
12.09.2006 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in Trading Pharmaceutical, Biological and Veterinary
Products. Subject operates through
following business divisions:- Active Pharmaceutical
Ingredients Division Engaged in the import/export of macrolides, mainly in the Middle
East. Excipients
Division Engaged as supplier of pharmaceutical
excipients that are commonly used in the making of different types of drugs. Fine Chemicals Division Engaged in distributing
reagents and "fine chemicals" for laboratories, as well as top quality
and certified chemical raw materials for pharmaceutical companies Finished Products Division Engaged in providing finished products in bulk in different
categories, such as antibiotics, anti-malarial, analgesics, anti-pyretic,
anti-hypertensives, anti-asthmatics, anti-epileptics, tranquilizers,
anti-depressants & oncologicals Nutraceuticals division Engaged in providing NUTRACEUTICALS which are widely used to maintain
the right balance of nutrients in the body ensuring the correct intake of RDA
(Recommended Daily Allowance). |
|
|
|
|
No of Employees : |
01 |
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 : |
Slow but Correct |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Italy |
A2 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Italy ECONOMIC OVERVIEW
Italy has a diversified
industrial economy, which is divided into a developed industrial north, dominated
by private companies, and a less-developed, highly subsidized, agricultural
south, where unemployment is higher. The Italian economy is driven in large
part by the manufacture of high-quality consumer goods produced by small and
medium-sized enterprises, many of them family-owned. Italy also has a sizable
underground economy, which by some estimates accounts for as much as 17% of
GDP. These activities are most common within the agriculture, construction, and
service sectors. Italy is the third-largest economy in the euro-zone, but its
exceptionally high public debt and structural impediments to growth have
rendered it vulnerable to scrutiny by financial markets. Public debt has
increased steadily since 2007, topping 133% of GDP in 2013, but investor
concerns about Italy and the broader euro-zone crisis eased in 2013, bringing
down Italy's borrowing costs on sovereign government debt from euro-era. The
government still faces pressure from investors and European partners to sustain
its efforts to address Italy's long-standing structural impediments to growth,
such as labor market inefficiencies and widespread tax evasion. In 2013
economic growth and labor market conditions deteriorated, with growth at -1.8%
and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's
GDP is now 8% below its 2007 pre-crisis level.
|
Source
: CIA |
Company
name & address
Ital Pharchem S.r.l.
Via Per Cuggiono, 7
20022 - Castano Primo (MI) -IT-
Phone: +39 0331 888422
Fax: + 39 0331 888445
Email: info@italpharchem.it
Website: www.italpharchem.it
Summary
|
Fiscal Code |
: |
05419540967 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
02/10/2006 |
|
Equity |
: |
200.000 |
|
Turnover Range |
: |
1.250.000/1.500.000 |
|
Number of Employees |
: |
01 |
Activity
Engaged in Trading Pharmaceutical, Biological and Veterinary Products.
Subject operates through following
business divisions:-
Active Pharmaceutical Ingredients
Division
Engaged in the import/export of macrolides, mainly in the Middle East.
Excipients
Division
Engaged as supplier of
pharmaceutical excipients that are commonly used in the making of different
types of drugs.
Fine Chemicals Division
Engaged in distributing
reagents and "fine chemicals" for laboratories, as well as top
quality and certified chemical raw materials for pharmaceutical companies
Finished Products Division
Engaged in providing finished products in bulk in different categories,
such as antibiotics, anti-malarial, analgesics, anti-pyretic,
anti-hypertensives, anti-asthmatics, anti-epileptics, tranquilizers,
anti-depressants & oncologicals
Nutraceuticals division
Engaged in providing NUTRACEUTICALS which are
widely used to maintain the right balance of nutrients in the body ensuring the
correct intake of RDA (Recommended Daily Allowance).
Legal
Data
Legal Form : Limited
liability company
|
Fiscal Code : 05419540967 |
||
|
Vat:
11997650152 |
||
|
Chamber of Commerce no. : 1820861 of
Milano since 02/10/2006 |
||
|
Establishment date |
: 12/09/2006 |
|
|
Start of Activities |
: 02/10/2006 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 20.000 |
|
|
Subscribed Capital |
: 20.000 |
|
|
Paid up Capital |
: 20.000 |
|
Members
|
|
Afsar |
Mahmoud Reza |
|
|
Born in Esfahan |
( ) |
on 19/10/1952 |
- Fiscal Code : FSRMMD52R19Z224C |
|
|
Residence: |
Diaz |
, 46 |
- 20020 |
Magnago |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
12/09/2006 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Rabiee Majid |
|
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.
|
|
Afsar |
Mahmoud Reza |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
AFSAR Trade di Asfar Mahmoud Reza |
Magnago (MI) - IT - |
FSRMMD52R19Z224C |
Proprietor |
Withdrawn |
Registered |
|
Sitindustrie Valvometal - Ital Parts Group Srl |
Castano Primo (MI) - IT - |
11997650152 |
Director |
Active |
Registered |
|
Sitindustrie Valvometal - Ital Parts Group Srl |
Castano Primo (MI) - IT - |
11997650152 |
Partner |
Withdrawn |
Registered |
|
Sitindustrie Valvometal - Ital Parts Group Srl |
Castano Primo (MI) - IT - |
11997650152 |
Board Chairman |
Active |
Registered |
|
Ital Petrochem S.r.l. |
Castano Primo (MI) - IT - |
06037940969 |
Sole Director |
Withdrawn |
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 |
|
Afsar Mahmoud Reza |
Magnago - IT - |
FSRMMD52R19Z224C |
8.400 .Eur |
42,00 |
|
Eghlima Morteza |
GHLMTZ54L05Z224W |
2.000 .Eur |
10,00 |
|
|
Rabiee Majid |
RBAMJD73M05Z224I |
9.600 .Eur |
48,00 |
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 |
|
Per Cuggiono |
, 7 |
- 20022 |
- Castano Primo |
(MI) |
- IT - |
Phone: +39 0331 888422
Fax: + 39 0331 888445
Email: info@italpharchem.it
Website: www.italpharchem.it
|
Employees |
: 1 |
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
Subject is active since 2006
The economic-financial analysis is based on the latest 3 b/s.
During the last years, it recorded positive net results (r.o.e. 10,67%
in 2013) but without a significant increase in the turnover.
The operating result was positive in the last financial year (3%)
falling within the field's average.
The amount of the operating result is equal to Eur. 29.771 recording a
drop as opposed to the year before (-33,78%).
The economic management produced a gross operating margin of Eur. 39.470
recording a -27,79% decrease.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 4,26 which is decreasing.
With regard to equity capital, an amount of Eur. 156.408 is registered.
on stable levels.
Eur. 835.048 is the amount of total debts, both commercial and of
different nature, , with a fall of -39,74%.
Liquidity is good.
The financial management generated a cash flow of Eur. 26.381.
The incidence of the financial charges is of -0,21% on the sales amount.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.286.733 |
|
Profit (Loss) for the period |
16.682 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.383.995 |
|
Profit (Loss) for the period |
28.979 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.610.929 |
|
Profit (Loss) for the period |
43.017 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
508.150 |
|
Profit (Loss) for the period |
24.985 |
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 |
0,07 |
0,10 |
0,09 |
|
Elasticity Ratio |
Units |
0,90 |
0,93 |
0,90 |
0,89 |
|
Availability of stock |
Units |
n.c. |
n.c. |
n.c. |
0,26 |
|
Total Liquidity Ratio |
Units |
0,90 |
0,93 |
0,90 |
0,54 |
|
Quick Ratio |
Units |
0,17 |
0,24 |
0,20 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
4,26 |
7,28 |
7,91 |
3,95 |
|
Self Financing Ratio |
Units |
0,16 |
0,09 |
0,09 |
0,17 |
|
Capital protection Ratio |
Units |
0,77 |
0,65 |
0,43 |
0,62 |
|
Liabilities consolidation quotient |
Units |
n.c. |
n.c. |
0,01 |
0,10 |
|
Financing |
Units |
5,34 |
9,92 |
10,08 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,16 |
0,09 |
0,10 |
0,29 |
|
M/L term Debts Ratio |
Units |
n.c. |
n.c. |
0,01 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,04 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,51 |
1,23 |
0,96 |
2,37 |
|
Current ratio |
Units |
1,06 |
1,02 |
1,00 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,06 |
1,02 |
1,00 |
0,80 |
|
Structure's primary quotient |
Units |
1,51 |
1,23 |
0,90 |
1,48 |
|
Treasury's primary quotient |
Units |
0,20 |
0,27 |
0,22 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
633,90 |
1091,95 |
1114,71 |
602,26 |
|
Current Capital ( net ) |
Value |
52.831 |
26.549 |
-5.288 |
191.984 |
|
RETURN |
|||||
|
Return on Sales |
% |
2,05 |
2,79 |
3,27 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
10,67 |
20,74 |
38,84 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
17,29 |
30,11 |
57,59 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
3,00 |
2,95 |
5,06 |
4,18 |
|
Return/ Sales |
% |
2,31 |
3,25 |
3,88 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
56,03 |
64,45 |
68,87 |
27,96 |
|
Cash Flow |
Value |
26.381 |
38.678 |
52.716 |
44.823 |
|
Operating Profit |
Value |
29.771 |
44.963 |
62.465 |
74.603 |
|
Gross Operating Margin |
Value |
39.470 |
54.662 |
72.164 |
111.383 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
113,70 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
118,14 |
|
Average stock waiting period |
Days |
n.c. |
n.c. |
n.c. |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,30 |
0,91 |
1,30 |
1,25 |
|
Rate of stock return |
Units |
n.c. |
n.c. |
n.c. |
4,88 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
1,51 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
-0,21 |
-0,21 |
0,08 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
1,57 |
8,25 |
|
Short-term financing charges |
% |
0,63 |
0,32 |
n.c. |
2,76 |
|
Capital on hand |
% |
77,05 |
110,24 |
76,63 |
79,85 |
|
Sales pro employee |
Value |
397.742 |
|||
|
Labour cost pro employee |
Value |
33.267 |
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expenses 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
Statistically 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.62.34 |
|
UK Pound |
1 |
Rs.92.65 |
|
Euro |
1 |
Rs.68.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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 |
|
-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.