|
Report No. : |
338333 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
OSTP
ITALY SRL |
|
|
|
|
Registered Office : |
Via Dodici Ottobre, 2 16121- Genova (GE) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
12.12.2011 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of metalliferous minerals, ferrous
metals and semi-finished products |
|
|
|
|
No. of Employee : |
From 11 to 15 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Italy |
A1 |
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 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 132% of GDP in 2014, 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 tax evasion. In 2014 economic growth and labor market conditions continued to deteriorate, with overall unemployment rising to 12.2% and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007 pre-crisis level.
|
Source
: CIA |
OSTP ITALY SRL
Via Dodici Ottobre, 2
16121- Genova (GE) -IT-
|
Fiscal Code |
: |
02078570997 |
|
Legal Form |
: |
Sole-Member Limited Liability
Company |
|
start of Activities |
: |
08/04/2013 |
|
Equity |
: |
Unknown. |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
from 11 to 15 |
Wholesale of metalliferous minerals,
ferrous metals and semi-finished products
Legal Form : Sole-Member Limited
Liability Company
|
Fiscal Code : 02078570997 |
|
Chamber of Commerce no. : 458285
of Genova since 29/12/2011 |
|
Chamber of Commerce no. : 2009511
of Milano |
|
Chamber of Commerce no. : 364329
of Treviso |
|
Chamber of Commerce no. : 287008
of Udine |
|
V.A.T. Code : 02078570997 |
|
Establishment date |
: 12/12/2011 |
|
|
Start of Activities |
: 08/04/2013 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
Legal mail : |
OSTPITALY@LEGALMAIL.IT |
|
Gatti |
Andrea |
|
Born in Genova |
(GE) |
on 25/11/1962 |
- Fiscal Code : GTTNDR62S25D969Y |
|
Residence: |
Sant'ilario |
, 52 |
- 16167 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/04/2014 |
||
|
Board Chairman |
16/04/2014 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Astuni |
Maurizio |
|
Born in Genova |
(GE) |
on 25/04/1962 |
- Fiscal Code : STNMRZ62D25D969E |
|
Residence: |
Giosue Carducci |
, 5/7 |
- 16121 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
16/09/2013 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Gatti |
Roberta |
|
Born in Genova |
(GE) |
on 26/12/1967 |
- Fiscal Code : GTTRRT67T66D969S |
|
Residence: |
Massaua |
, 2/4 |
- 16131 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
08/04/2013 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Puppo |
Marco |
|
Born in Genova |
(GE) |
on 18/09/1977 |
- Fiscal Code : PPPMRC77P18D969L |
|
Residence: |
Flavia |
, 1/2 |
- 16147 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/04/2014 |
||
|
Managing Director |
16/04/2014 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Luoto |
Kalle-pekka Juhani |
|
Born in Espoo |
( ) |
on 02/05/1967 |
- Fiscal Code : LTUKLP67E02Z109U |
|
Residence: |
Riihitontuntie |
, 7B |
Espoo |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/04/2014 |
|
Ostp Holding Oy |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
12/12/2011 |
|
No Protests registered |
|
Ostp Holding Oy |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Protests registered |
*checkings have been performed on a
national scale.
In this module are listed the companies
in which members hold or have holded positions.
|
Gatti |
Andrea |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Avestapolarit Immobiliare Spa |
Genova (GE) - IT - |
00269460101 |
Managing Director |
Withdrawn |
Ceased |
|
Avestapolarit Immobiliare Spa |
Genova (GE) - IT - |
00269460101 |
Director |
Withdrawn |
Ceased |
|
RED INOX - SOCIETA' A
RESPONSABILITA' LIMITATA. |
Genova (GE) - IT - |
03171520103 |
Sole Director |
Withdrawn |
Merged |
|
So.ge.par. S.p.a. |
Milano (MI) - IT - |
00264570607 |
Director |
Withdrawn |
Merged |
|
Fratelli Gatti Societa' A
Responsabilita' Limitata |
Genova (GE) - IT - |
03332440100 |
Director |
Active |
Registered |
|
Fratelli Gatti Societa' A Responsabilita'
Limitata |
Genova (GE) - IT - |
03332440100 |
Sole Director |
Withdrawn |
Registered |
|
Istituto Ligure Mobiliare Societa'
Per Azioni Siglabile In Forma Abbreviata Ilm |
Genova (GE) - IT - |
01041720085 |
Director |
Withdrawn |
Registered |
|
Mimosa 94 Societa' Semplice |
Genova (GE) - IT - |
96550890014 |
Partner |
Active |
Registered |
|
Trinoxia Srl |
Genova (GE) - IT - |
01927880995 |
Managing Director |
Active |
Registered |
|
Trinoxia Srl |
Genova (GE) - IT - |
01927880995 |
Director |
Active |
Registered |
|
Trinoxia Srl |
Genova (GE) - IT - |
01927880995 |
Board Chairman |
Active |
Registered |
|
Tubinoxia Societa' A
Responsabilita' Limitata Con Socio Unico |
Genova (GE) - IT - |
02061500993 |
Director |
Active |
Registered |
|
Tubinoxia Societa' A
Responsabilita' Limitata Con Socio Unico |
Genova (GE) - IT - |
02061500993 |
Board Chairman |
Active |
Registered |
|
Puppo |
Marco |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Trinoxia Srl |
Genova (GE) - IT - |
01927880995 |
Director |
Active |
Registered |
|
Trinoxia Srl |
Genova (GE) - IT - |
01927880995 |
Managing Director |
Active |
Registered |
The
indication "REGISTERED" as Firm Status could refer to Firms in
Liquidation, Active, Inactive.
For
more information, in this case, we advise to request further investigations.
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Ostp Holding Oy |
100,00 |
The Company under review has no
participations in other Companies.
In order to carry out its activities
the firm uses the following locations:
|
- |
Legal and operative seat |
|
Dodici Ottobre |
, 2 |
- 16100 |
- Genova |
(GE) |
- IT - |
|
Legal mail |
: OSTPITALY@LEGALMAIL.IT |
|
- |
Branch |
since 11/03/2013 |
|
Lambro |
, 29 |
- 20090 |
- Opera |
(MI) |
- IT - |
|
- |
Branch |
(Store) |
since 06/05/2013 |
|
Bortolan |
, 9/B |
- 31030 |
- Carbonera |
(TV) |
- IT - |
|
- |
Branch |
(Store) |
since 01/03/2014 |
|
Spinucci |
, 55 |
- 33030 |
- Talmassons |
(UD) |
- IT - |
|
Employees |
: 14 |
|
Stocks for a value of 2.610.000 |
Eur |
CEASINGS/INCORPORATIONS/MERGES:
|
The subj. took over by rent the
activities of |
|
Outokumpu S.p.a. |
|
Agnello |
, 8 |
, 20121 |
, Milano |
(MI) |
- IT - |
|
Fiscal Code: 00718730153 |
|
Date |
: |
08/04/2013 |
Protests checking on the subject
firm has given a negative result.
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.
Company's
starting of activities dates back to some years ago (2013).
The
economic-financial analysis has been made on the base of the b/s of the latests
three years.
During
the last years, the subject company registered net losses.
A
loss is registered as to the operating result (-4,73%).
The
amount of the operating loss for 2014 is equal to Eur. -246.028.
A
gross operating margine for a value of Eur. 12.161 was reached. with a more
then 100% increase as opposed to the preceding year.
Indebtedness
is scanty since debts are lower than liquidity.
The
net equity capital is negative (Eur. -100.755).
Managerial
cash flow has a minus sign and is equal to Eur. -349.994.
Labour
cost amounts to Eur. 589.489, with a 8,61% incidence on production costs. ,
whereas the incidence of such costs on sales revenues is equal to 9,2%.
The
financial management is marked by a high incidence of financial charges in
relation to sales revenues (-4,56%).
|
Complete balance-sheet for the
year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.405.012 |
|
Profit (Loss) for the period |
-514.111 |
|
Complete balance-sheet for the
year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.833.941 |
|
Profit (Loss) for the period |
-540.637 |
|
Complete balance-sheet for the
year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Profit (Loss) for the period |
-34.981 |
From our constant monitoring of the relevant
Public Administration offices, no more recent balance sheets result to have
been filed.
|
- Balance Sheet as at 31/12/2014 -
12 Mesi - Currency: - Amounts x 1 |
|
- 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 |
|
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|
|
RATIOS |
Value Type |
as at 31/12/2014 |
as at 31/12/2013 |
as at 31/12/2012 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,50 |
0,59 |
0,89 |
0,11 |
|
Elasticity Ratio |
Units |
0,50 |
0,40 |
0,11 |
0,87 |
|
Availability of stock |
Units |
0,50 |
0,40 |
n.c. |
0,22 |
|
Total Liquidity Ratio |
Units |
0,00 |
0,00 |
0,11 |
0,56 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,04 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
n.c. |
3,81 |
|
Self Financing Ratio |
Units |
n.c. |
n.c. |
0,03 |
0,17 |
|
Capital protection Ratio |
Units |
n.c. |
n.c. |
0,00 |
0,65 |
|
Liabilities consolidation quotient |
Units |
n.c. |
n.c. |
104,53 |
0,12 |
|
Financing |
Units |
n.c. |
n.c. |
35,43 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
n.c. |
n.c. |
0,99 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,00 |
0,00 |
0,96 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
33,68 |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
n.c. |
n.c. |
1,10 |
2,06 |
|
Current ratio |
Units |
n.c. |
n.c. |
11,49 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
n.c. |
n.c. |
11,49 |
0,84 |
|
Structure's primary quotient |
Units |
n.c. |
n.c. |
0,03 |
1,28 |
|
Treasury's primary quotient |
Units |
n.c. |
n.c. |
4,23 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
n.c. |
n.c. |
3658,84 |
591,61 |
|
Current Capital ( net ) |
Value |
2.608.179 |
1.758.551 |
229.028 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
-5,46 |
-15,95 |
n.c. |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
n.c. |
n.c. |
-53,80 |
6,27 |
|
Return on Equity - Gross - (
R.O.E. ) |
% |
n.c. |
n.c. |
-72,53 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
-4,73 |
-12,69 |
-1,99 |
4,19 |
|
Return/ Sales |
% |
-3,84 |
-19,67 |
n.c. |
3,42 |
|
Extra Management revenues/charges
incid. |
% |
n.c. |
n.c. |
n.c. |
29,26 |
|
Cash Flow |
Value |
-349.994 |
-451.872 |
-34.981 |
61.669 |
|
Operating Profit |
Value |
-246.028 |
-557.456 |
-47.248 |
95.558 |
|
Gross Operating Margin |
Value |
12.161 |
-448.691 |
-47.248 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
120,94 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
148,64 |
120,04 |
|
Average stock waiting period |
Days |
146,56 |
222,98 |
n.c. |
61,92 |
|
Rate of capital employed return (
Turnover ) |
Units |
1,23 |
0,65 |
n.c. |
1,27 |
|
Rate of stock return |
Units |
2,46 |
1,61 |
n.c. |
5,74 |
|
Labour cost incidence |
% |
9,20 |
16,80 |
n.c. |
7,77 |
|
Net financial revenues/ charges
incidence |
% |
-4,56 |
-3,96 |
n.c. |
-1,26 |
|
Labour cost on purchasing expenses |
% |
8,61 |
12,82 |
n.c. |
7,90 |
|
Short-term financing charges |
% |
n.c. |
n.c. |
n.c. |
2,67 |
|
Capital on hand |
% |
81,21 |
155,02 |
n.c. |
78,39 |
|
Sales pro employee |
Value |
355.834 |
202.424 |
437.713 |
|
|
Labour cost pro employee |
Value |
32.749 |
34.004 |
33.928 |
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.
|
Population living in the province |
: |
875.732 |
|
Population living in the region |
: |
1.592.309 |
|
Number of families in the region |
: |
754.141 |
Monthly family expences average in
the region (in Eur..) :
|
- per food products |
: |
463 |
|
- per non food products |
: |
1.607 |
|
- per energy consume |
: |
94 |
The values are calculated on a base of
6.137 significant companies.
The companies cash their credits on
an average of 121 dd.
The average duration of suppliers
debts is about 120 dd.
The sector's profitability is on an
average of 2,22%.
The labour cost affects the turnover
in the measure of 7,77%.
Goods are held in stock in a range
of 62 dd.
The difference between the sales
volume and the resources used to realize it is about 1,27.
The employees costs represent the
7,90% of the production costs.
Statistcally the trade activity
shows periods of crisis.
The area is statistically considered
moderately risky.
In the region 7.546 protested
subjects are found; in the province they count to 4.210.
The insolvency index for the region
is 0,48, , while for the province it is 0,48.
Total Bankrupt companies in the
province : 3.970.
Total Bankrupt companies in the
region : 7.305.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ASH |
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.