MIRA
INFORM REPORT
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Report Date : |
26.07.2011 |
IDENTIFICATION DETAILS
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Name : |
AGROVER SRL |
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Registered Office : |
Via Ronsecco 2 Lignana, 13034 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
02.06.2000 |
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Com. Reg. No.: |
01992340024 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of grain mill products |
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 : |
Unknown |
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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
Agrover SRL
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Business Description |
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Agrover SRL is primarily engaged in grain milling; and manufacture of
breakfast cereals and cereals-based foods. |
Industry
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Industry |
Food Processing |
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ANZSIC 2006: |
1161 - Grain Mill Product Manufacturing |
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NACE 2002: |
1561 - Manufacture of grain mill products |
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NAICS 2002: |
31121 - Flour Milling and Malt
Manufacturing |
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UK SIC 2003: |
1561 - Manufacture of grain mill products |
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US SIC 1987: |
2044 - Rice Milling |
Key Executives
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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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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 |
22.6 |
26.4 |
16.1 |
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Net sales |
22.6 |
25.5 |
15.9 |
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Other operating income |
0.1 |
0.3 |
0.0 |
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Raw materials
and consumables employed |
18.1 |
22.2 |
13.1 |
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Other expenses |
3.3 |
3.3 |
2.3 |
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Total payroll
costs |
0.4 |
0.4 |
0.3 |
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Fixed asset
depreciation and amortisation |
0.2 |
0.2 |
0.1 |
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Other operating
costs |
0.1 |
0.0 |
0.0 |
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Net operating
income |
0.4 |
0.4 |
0.2 |
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Total financial
income |
- |
- |
0.0 |
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Total expenses |
0.2 |
0.2 |
0.2 |
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Profit before
tax |
0.1 |
- |
0.0 |
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Extraordinary
result |
0.0 |
0.1 |
0.0 |
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Profit after extraordinary
items and before tax |
0.1 |
0.0 |
0.0 |
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Total taxation |
0.1 |
0.0 |
0.0 |
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Net profit |
0.0 |
0.0 |
0.0 |
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Annual Balance Sheet
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 |
2.0 |
1.7 |
0.1 |
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Provision for
pensions |
0.1 |
0.1 |
0.1 |
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Mortgages and
loans |
1.2 |
0.7 |
1.4 |
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Other long-term
liabilities |
0.0 |
0.0 |
- |
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Trade creditors |
5.0 |
4.2 |
4.5 |
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Bank loans and
overdrafts |
3.3 |
4.0 |
1.3 |
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Other current
liabilities |
0.1 |
0.1 |
0.1 |
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Accruals and
deferred income |
0.1 |
0.1 |
0.1 |
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Total current liabilities |
8.5 |
8.5 |
5.9 |
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Total
liabilities (including net worth) |
11.8 |
10.9 |
7.5 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Buildings |
2.5 |
2.4 |
0.9 |
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Total tangible
fixed assets |
3.4 |
3.3 |
1.7 |
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Long-term
investments |
0.0 |
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 |
0.1 |
0.0 |
0.0 |
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Total
non-current assets |
3.6 |
3.3 |
1.7 |
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Finished goods |
0.7 |
0.9 |
0.3 |
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Net stocks and
work in progress |
2.0 |
1.8 |
1.4 |
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Trade debtors |
4.8 |
4.3 |
3.8 |
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Other
receivables |
0.6 |
0.9 |
0.5 |
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Cash and liquid
assets |
0.6 |
0.5 |
0.0 |
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Accruals |
0.3 |
0.1 |
0.1 |
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Total current
assets |
8.3 |
7.6 |
5.8 |
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Total assets |
11.8 |
10.9 |
7.5 |
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Annual Ratios
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 |
3.49 |
3.76 |
2.25 |
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Profit per
employee |
0.01 |
0.01 |
0.01 |
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Average wage per
employee |
0.06 |
0.06 |
0.05 |
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Net worth |
2.0 |
1.7 |
0.1 |
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Number of
employees |
9 |
9 |
10 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.42 |
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1 |
Rs.72.49 |
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Euro |
1 |
Rs.63.86 |
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.