MIRA
INFORM REPORT
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Report Date : |
25.08.2011 |
IDENTIFICATION DETAILS
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Name : |
INNOVACTION SRL |
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Registered Office : |
Via Enrico Berlinguer Snc Nova Pianopoli, 88040 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
24.12.1999 |
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Com. Reg. No.: |
02303850792 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of other electrical equipment not elsewhere classified |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Italy |
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 |
Company name and address
Innovaction SRL
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Business
Description
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Innovaction SRL is primarily engaged in manufacture of electrical
signalling, safety or traffic control equipment for motorways, roads or streets,
railways and tramways, inland waterways, ports and harbours and airports;
manufacture of diverse electrical sound or visual signalling apparatus
(bells, sirens, indicator panels, burglar and fire alarms, etc.); manufacture
of electromagnets including electromagnetic or permanent magnet chucks,
clutches, brakes, couplings, clamps or lifting heads; manufacture of
electrical insulators and insulating fittings, except of glass or ceramics;
manufacture of insulating fittings for electrical machines or equipment,
except of ceramics or plastics; manufacture of carbon or graphite electrodes;
manufacture of electrical conduit tubing and joints for such tubing, of base
metal lined with insulating material; and manufacture of diverse electrical
machines and apparatus (particle accelerators, signal generators, mine
detectors, electrical detonators, etc.). |
Industry
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Industry |
Electronic Instruments and Controls |
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ANZSIC 2006: |
2439 - Other Electrical Equipment
Manufacturing |
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NACE 2002: |
3162 - Manufacture of other electrical
equipment not elsewhere classified |
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NAICS 2002: |
335999 - All Other Miscellaneous
Electrical Equipment and Component Manufacturing |
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UK SIC 2003: |
3162 - Manufacture of other electrical equipment
not elsewhere classified |
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US SIC 1987: |
3663 - Radio and Television Broadcasting
and Communications Equipment |
Key Executives
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News
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1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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Executives Report
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USPTO ISSUES TRADEMARK: INNOVACTION
U.S. Fed News: 25 March 2011
[What follows is the full text of the news story.]
ALEXANDRIA, Va.,
March 25 -- The trademark INNOVACTION (Reg. No. 3933989) was issued on March 22
by the USPTO.
Owner:
PerformInsight, LLC LIMITED LIABILITY COMPANY ILLINOIS 11 S. LaSalle Street,
5th Floor Chicago ILLINOIS 60603.
The trademark
application serial number 85023182 was filed on April 26, 2010 and was
registered on March 22.
Goods and
Services: Computer software to provide strategy implementation for work force
management solutions and personal health, wellness and disease management
solutions. FIRST USE: 20081200. FIRST USE IN COMMERCE: 20081200
Computer software
design and consulting services to provide strategy implementation for work
force management solutions and personal health, wellness and disease management
solutions. FIRST USE: 20081200. FIRST USE IN COMMERCE: 20081200
For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
4.2 |
5.1 |
3.1 |
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Net sales |
4.0 |
4.9 |
3.0 |
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Other operating income |
0.2 |
0.1 |
0.1 |
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Raw materials and consumables employed |
2.6 |
3.5 |
1.9 |
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Other expenses |
0.4 |
0.3 |
0.2 |
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Total payroll costs |
0.8 |
0.7 |
0.6 |
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Fixed asset depreciation and amortisation |
0.3 |
0.3 |
0.2 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Net operating income |
0.1 |
0.2 |
0.2 |
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Total expenses |
0.1 |
0.1 |
0.1 |
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Profit before tax |
0.1 |
0.0 |
0.1 |
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Extraordinary result |
- |
0.0 |
- |
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Profit after extraordinary items and before tax |
0.1 |
0.1 |
0.1 |
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Total taxation |
0.0 |
0.0 |
0.0 |
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Net profit |
0.0 |
0.0 |
0.0 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
0.7 |
0.7 |
0.7 |
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Provision for risks |
- |
- |
0.0 |
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Provision for pensions |
0.2 |
0.1 |
0.1 |
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Mortgages and loans |
0.0 |
- |
- |
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Other long-term liabilities |
0.6 |
0.6 |
- |
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Trade creditors |
1.5 |
1.7 |
- |
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Bank loans and overdrafts |
0.8 |
1.0 |
- |
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Other current liabilities |
1.1 |
0.5 |
2.7 |
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Accruals and deferred income |
0.5 |
0.5 |
0.4 |
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Total current liabilities |
3.9 |
3.8 |
3.1 |
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Total liabilities (including net worth) |
5.4 |
5.2 |
4.0 |
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Intangibles |
0.1 |
0.1 |
0.1 |
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Buildings |
0.9 |
0.9 |
- |
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Total tangible fixed assets |
1.2 |
1.4 |
1.7 |
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Long-term investments |
0.0 |
0.0 |
- |
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Total financial assets |
0.0 |
0.0 |
0.0 |
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Receivables due after 1 year |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
1.3 |
1.5 |
1.9 |
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Net stocks and work in progress |
2.0 |
1.8 |
1.6 |
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Trade debtors |
0.8 |
0.8 |
- |
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Other receivables |
1.0 |
0.9 |
1.1 |
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Cash and liquid assets |
0.1 |
0.1 |
- |
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Accruals |
0.1 |
0.1 |
- |
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Total current assets |
4.1 |
3.7 |
2.1 |
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Total assets |
5.4 |
5.2 |
4.0 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Sales per employee |
0.31 |
0.66 |
0.43 |
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Profit per employee |
0.00 |
0.01 |
0.01 |
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Average wage per employee |
0.06 |
0.10 |
0.09 |
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Net worth |
0.7 |
0.7 |
0.7 |
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Number of employees |
18 |
10 |
10 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.77 |
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1 |
Rs.75.57 |
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Euro |
1 |
Rs.65.97 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.