MIRA INFORM REPORT
|
Report Date : |
18.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
LLD AREL SRL |
|
|
|
|
Registered Office : |
Via Francesco Melzi D'eril , 29, Milano 20154 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
14.09.2005 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
wholesale watches and jewelry |
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 |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Name |
LLD AREL SRL |
|
Company Type |
LIMITED LIABILITY COMPANY |
|
Address |
VIA FRANCESCO MELZI D'ERIL , 29 |
|
Town |
MILANO |
|
Post Code |
20154 |
|
Telephone Number |
|
|
Province |
MILANO |
|
Fiscal Code |
04983670961 |
|
VAT Number |
N.A. |
|
Activity Start Date |
18-1-2006 |
|
Incorporation Date |
14-9-2005 |
|
Closure Date |
31-12-2050 |
|
REA Inscription |
1787698 on the date of 23-9-2005 |
|
CCIAA province and number |
MI 1787698 |
|
Company Status |
Active |
|
Currency |
EURO (€) |
Credit Summary
|
Credit Limit |
0 (Euro) |
Capital Information
|
Paid up share capital |
90.000 |
|
Authorised share capital |
90.000 |
|
Subscribed share capital |
90.000 |
Activity
|
SIC Code |
5094 |
|
Business Activity |
|
Financial Data
|
Date of Latest Accounts |
31-12-2009 |
|
Turnover |
10.666.332 |
|
Profit & Loss |
128.477 |
|
Number of Employees |
9 |
Subsidaries
|
Address |
Type of Premises |
|
CORSO GARIBALDI 107 - VALENZA ( |
OFFICE |
Business Activity and Financial
Ratios
|
SIC Code |
5094 |
|
Business Activity |
|
|
Company Purpose |
|
|
Ateco Code |
46.48 |
|
Ateco Description |
COMMERCIO ALL'INGROSSO DI OROLOGI E DI
GIOIELLERIA (wholesale watches and jewelry) |
|
SAE Code |
430 |
|
RAE Code |
619 |
|
Number of Employees |
9 |
|
Paid up share capital |
90.000 (EURO) |
|
Date of Latest Accounts |
31-12-2009 |
|
|
|
|
Key Financial Items |
|
|
Turnover |
10.666.332 |
|
Profit & Loss |
128.477 |
|
Shareholders Equity |
308.706 |
|
Fixed Assets |
605.755 |
Balance Sheet
(Assets)
|
Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
DUE FROM
SHAREHOLDERS FOR SUBSCRIBED SHARE CAPITAL UNPAID |
0 |
0 |
0 |
|
Total Fixed
Assets |
605.755 |
641.793 |
593.145 |
|
- Intangible assets |
466.560 |
500.640 |
534.720 |
|
- Tangible assets |
139.195 |
141.153 |
58.425 |
|
- - Land and Buildings |
0 |
|
|
|
- Financial assets |
0 |
0 |
0 |
|
- - Amounts owed by assoc./affiliated co.s |
0 |
0 |
0 |
|
- - Holdings |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
|
|
|
|
|
Total Current Assets |
12.332.648 |
12.844.496 |
14.731.177 |
|
- Stocks |
5.031.326 |
5.768.510 |
5.284.682 |
|
- - Semi-finished products & Raw materials |
5.031.326 |
|
|
|
- - Work-in-progress |
|
|
|
|
- Credits |
7.104.196 |
7.071.780 |
9.415.660 |
|
- - Short-term debtors |
7.104.196 |
7.071.780 |
9.415.660 |
|
- - Trade debtors |
7.051.587 |
|
|
|
- - Short-term trade debtors |
7.051.587 |
|
|
|
- Financial assets |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
- Cash and bank |
197.126 |
4.206 |
30.835 |
|
Prepayments
& Accrued Income |
7.909 |
9.754 |
0 |
|
Total Assets |
12.946.312 |
13.496.043 |
15.324.322 |
Liabilities
|
SHAREHOLDERS' EQUITY |
308.706 |
180.229 |
1.091.822 |
|
- Share capital |
90.000 |
90.000 |
90.000 |
|
- Share premium reserve |
0 |
0 |
0 |
|
- Revaluation reserve |
0 |
0 |
0 |
|
PROVISIONS FOR RISKS & CHARGES |
81.370 |
107.607 |
376.091 |
|
- Provisions for taxation |
81.370 |
|
|
|
PROVISION FOR
SEVERANCE INDEMNITY |
83.979 |
79.987 |
67.799 |
|
CREDITORS |
12.440.988 |
13.104.884 |
13.766.757 |
|
- Short-term creditors |
12.396.975 |
13.047.260 |
13.766.757 |
|
- Trade creditors |
10.333.389 |
|
|
|
- Amounts due to banks - short term |
44.013 |
0 |
|
|
- Amounts due to banks - medium/long-term |
1.983.640 |
|
|
|
- Accrued expenses and deferred income |
|
|
|
|
PREPAYMENTS
& ACCRUED INCOME |
31.269 |
23.336 |
21.853 |
|
TOTAL
LIABILITIES AND SHAREHOLDERS EQUITY |
12.946.312 |
13.496.043 |
15.324.322 |
|
MEMORANDUM
ACCOUNTS |
0 |
0 |
0 |
|
ACCUMULATED DEPRECIATION
OF TANGIBLE ASSETS |
47.214 |
50.782 |
|
Profit & Loss
|
PRODUCTION VALUE |
10.669.782 |
12.678.530 |
16.255.612 |
|
- Revenues |
10.666.332 |
12.407.245 |
13.663.306 |
|
- TOTAL CHANGES |
- |
270.463 |
2.592.071 |
|
- Change in stocks of finished goods &
work in progress |
|
|
|
|
- Change in stocks of finished goods &
work in progress |
- |
270.463 |
2.592.071 |
|
- Other revenues |
3.450 |
822 |
235 |
|
PRODUCTION COSTS
|
10.113.527 |
13.210.321 |
16.606.448 |
|
- Purchase of raw materials & goods |
8.935.791 |
12.633.766 |
16.208.207 |
|
- Change in materials |
523.819 |
- |
- |
|
CONSUMPTION OF
MATERIALS |
9.459.610 |
12.633.766 |
16.208.207 |
|
OVERHEADS |
282.591 |
244.380 |
171.372 |
|
- Provisions for risks & other |
- |
- |
- |
|
VALUE ADDED |
927.581 |
-199.616 |
-123.967 |
|
STAFF COST |
256.594 |
241.746 |
169.508 |
|
- Provision for severance indemnity |
14.639 |
13.920 |
10.595 |
|
G.O.M. |
667.537 |
-442.184 |
-293.710 |
|
AMORT./DEPREC/WRITED.
OF FIXED ASSETS |
98.511 |
79.300 |
50.731 |
|
- Amortisation / depreciation / writedowns
|
63.311 |
44.800 |
50.731 |
|
- Amortisation of intangible assets |
34.080 |
34.080 |
34.080 |
|
- Depreciation of tangible assets |
29.231 |
10.720 |
16.651 |
|
PROFIT / (LOSS)
FROM ORDINARY OPERATING ACTIVITIES |
569.026 |
-521.484 |
-344.441 |
|
OTHER INCOME /
CHARGES |
-248.291 |
-578.551 |
1.539.153 |
|
- Interest receivable & similar income
|
81 |
2.433 |
198 |
|
OPERATING PROFIT
/ (LOSS) |
320.735 |
-1.100.035 |
1.194.712 |
|
FINANCIAL
CHARGES |
78.137 |
133.038 |
125.169 |
|
PROFIT / (LOSS)
BEFORE EXTRAORDINARY OP.S |
242.598 |
-1.233.073 |
1.069.543 |
|
ADJUSTMENTS TO
VALUE OF FINANCIAL ASSETS (+-) |
- |
- |
- |
|
EXTRAORDINARY
INCOME/CHARGES (+-) |
-448 |
-6.405 |
-2.344 |
|
PROFIT / (LOSS)
BEFORE TAXATION |
242.150 |
-1.239.478 |
1.067.199 |
|
TAXATION |
113.673 |
-327.885 |
291.729 |
|
PROFIT (LOSS)
FOR THE PERIOD |
128.477 |
-911.593 |
775.470 |
|
CASH FLOW |
226.988 |
-832.293 |
826.201 |
|
EMPLOYEES |
9 |
|
|
Ratios
|
Date |
2009 |
2008 |
2007 |
|
Returns Ratios |
|||
|
R.O.E. (Return On Equity) |
41.62 |
0 |
71.03 |
|
R.O.I. (Return On Investment) |
4.39 |
-3.86 |
-2.25 |
|
R.O.S. (Return On Sales) |
5.22 |
-4.29 |
-2.57 |
|
R.O.A. (Return On Assests) |
4.3 |
-3.94 |
-2.29 |
|
G.O.M on Returns |
6.26 |
-3.56 |
-2.15 |
|
Turnover Ratio |
|||
|
Invested Capital Turnover |
82.39 |
91.93 |
89.16 |
|
Current Assets Turnover |
86.49 |
96.6 |
92.75 |
|
Warehouse Turnover |
212 |
215.09 |
258.55 |
|
Equity and
Financial Ratios |
|||
|
Fixed Assets Cover |
50.96 |
28.08 |
184.07 |
|
Banks on Current Assets |
16.44 |
0 |
0 |
|
Short-term Banks on Current Assets |
16.08 |
0 |
0 |
|
Gearing |
97.62 |
98.67 |
92.88 |
|
Shareholders' Equity / Invested Capital |
2.38 |
1.34 |
7.13 |
|
Financial Charges on Turnover |
0.73 |
1.07 |
0.92 |
|
Financial Charges on G.O.M. |
11.71 |
-30.09 |
-42.62 |
|
Productivity
Ratios |
|||
|
Turnover per Employee |
1185148 |
0 |
0 |
|
Operating Value Added per Employee |
103064.56 |
0 |
0 |
|
Labour Cost per Employee |
28510.44 |
0 |
0 |
|
Labour Cost on Turnover |
2.41 |
1.95 |
1.24 |
|
Value Added on Turnover |
8.7 |
-1.61 |
-0.91 |
|
Liquidity Ratios
|
|||
|
Current Ratio |
99.29 |
98.35 |
106.84 |
|
Acid-Test Ratio |
58.81 |
54.21 |
68.51 |
|
Days of Credit to Customers or Duration of Amounts owed by Customers |
238 |
0 |
0 |
|
Days of Credit from Suppliers or Duration of Amounts owed to Suppliers
|
403.54 |
0 |
0 |
|
Days of Stocks or Duration of Stocks |
169.81 |
167.37 |
139.24 |
|
Rate of intensity of Current Assets |
115.7 |
103.6 |
107.82 |
|
Incidence Ratios
for Cost |
|||
|
Consumption of Materials on Costs |
93.53 |
95.64 |
97.6 |
|
External Costs on Costs |
96.33 |
97.49 |
98.63 |
|
Labour Costs on Costs |
2.54 |
1.83 |
1.02 |
|
Depreciation and Devaluation on Costs |
0.97 |
0.6 |
0.31 |
Protested Bills
|
Body |
Don't Exist |
Possible Match |
Exact Match |
|
LLD AREL SRL |
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|
YURI ARAZI (executive) |
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Directors Information
|
Type |
Executive |
|
Forename |
YURI |
|
Surname |
ARAZI |
|
Date of Birth |
7-7-1976 |
|
Gender |
Male |
|
Place of Birth |
PIETRASANTA (LU) |
|
Resident Address |
VIA DEI GRACCHI , 26 20146 - MILANO (MI) |
|
Director Fiscal Code |
RZAYRU76L07G628Q |
|
MANAGING DIRECTOR since |
14-9-2005 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.24 |
|
|
1 |
Rs.72.57 |
|
Euro |
1 |
Rs.63.00 |
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 |
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.