MIRA INFORM REPORT
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Report Date : |
17.11.2011 |
IDENTIFICATION DETAILS
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Name : |
DIAMOND TRENDS SRL |
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Registered Office : |
Via Xxix Aprile 42, Valenza, 15048 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
19.02.1998 |
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Com. Reg. No.: |
01783780065 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Wholesale of furniture Wholesale of jewellery Wholesale of musical instruments |
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 : |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 & address
Diamond Trends SRL
Via Xxix Aprile 42
Valenza, 15048
Italy
Tel: +39 0131 954899
Synthesis
Employees: 2
Company Type: Private Independent
Incorporation Date:
19-Feb-1998
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 1.7
Total Assets: 6.2
Business Description
Diamond Trends SRL is primarily engaged in wholesale of furniture;
wholesale of jewellery; wholesale of musical instruments; wholesale of
photographic goods; wholesale of toys and games; wholesale of travel and fancy
goods; and wholesale of other household goods not elsewhere classified.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 3739 - Other Goods
Wholesaling Not Elsewhere Classified
NACE 2002: 5147 - Wholesale
of other household goods
NAICS 2002: 4232 - Furniture
and Home Furnishing Merchant Wholesalers
UK SIC 2003: 5147 - Wholesale
of other household goods
US SIC 1987: 5094 - Jewelry,
Watches, Precious Stones, and Precious Metals
Key Executives
Name Title
Davide Canepari Sole administrator
Key IDSM Number: 102680810
Registered No.(ITA): 01783780065
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
Location
Via Xxix Aprile 42
Valenza, 15048
Italy
Tel: +39 0131 954899
Sales EUR(mil): 1.2
Assets EUR(mil): 4.3
Employees: 2
Fiscal Year End: 31-Dec-2009
Industry: Miscellaneous
Capital Goods
Incorporation Date: 19-Feb-1998
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ITA): 01783780065
Sole administrator: Davide
Canepari
Contents
· Industry Codes
· Business Description
· Financial Data
Industry Codes
ANZSIC 2006 Codes:
3739 - Other Goods Wholesaling Not Elsewhere Classified
NACE 2002 Codes:
5147 - Wholesale of other household goods
NAICS 2002 Codes:
4232 - Furniture and Home Furnishing Merchant Wholesalers
US SIC 1987:
5094 - Jewelry, Watches, Precious Stones, and Precious Metals
UK SIC 2003:
5147 - Wholesale of other household goods
Business
Description
Diamond Trends SRL is primarily engaged in wholesale of furniture;
wholesale of jewellery; wholesale of musical instruments; wholesale of
photographic goods; wholesale of toys and games; wholesale of travel and fancy
goods; and wholesale of other household goods not elsewhere classified.
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Executive report
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Executives |
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Sole administrator |
President |
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Annual Profit & Loss
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31-Dec-2009 |
31-Dec-2008 |
30-Jun-2008 |
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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 |
0.681859 |
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Consolidated |
No |
No |
No |
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Total income |
2.9 |
1.6 |
3.6 |
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Net sales |
1.7 |
2.5 |
3.6 |
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Other operating income |
- |
- |
0.0 |
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Raw materials and consumables employed |
2.6 |
1.3 |
3.3 |
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Other expenses |
0.2 |
0.1 |
0.1 |
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Total payroll costs |
0.1 |
0.0 |
0.1 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.2 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Net operating
income |
0.0 |
0.2 |
- |
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Total financial
income |
0.0 |
- |
0.3 |
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Total expenses |
0.0 |
0.0 |
- |
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Profit before tax |
0.0 |
0.2 |
0.2 |
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Profit after extraordinary items and
before tax |
- |
0.0 |
0.2 |
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Total taxation |
0.1 |
0.0 |
0.2 |
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Net profit |
- |
- |
0.1 |
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Net loss |
0.3 |
0.0 |
- |
Annual Balance Sheet
Financials in: USD
(mil)
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31-Dec-2009 |
31-Dec-2008 |
30-Jun-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.634699 |
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Consolidated |
No |
No |
No |
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Total
stockholders equity |
0.1 |
0.3 |
0.4 |
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Provision for risks |
0.2 |
0.2 |
0.2 |
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Provision for pensions |
0.0 |
0.0 |
0.0 |
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Trade creditors |
5.7 |
- |
5.7 |
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Other current liabilities |
0.2 |
5.3 |
0.4 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current
liabilities |
5.9 |
5.3 |
6.1 |
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Total
liabilities (including net worth) |
6.2 |
5.9 |
6.6 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.0 |
0.0 |
0.0 |
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Receivables due after 1 year |
- |
- |
0.0 |
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Total
non-current assets |
0.0 |
0.0 |
0.0 |
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Net stocks and work in progress |
1.4 |
0.2 |
1.5 |
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Trade debtors |
4.7 |
- |
4.3 |
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Other receivables |
0.0 |
5.6 |
0.6 |
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Cash and liquid assets |
0.0 |
0.1 |
0.2 |
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Accruals |
- |
- |
0.0 |
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Total current
assets |
6.2 |
5.9 |
6.6 |
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Total assets |
6.2 |
5.9 |
6.6 |
Annual Ratios
Financials in: USD
(mil)
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31-Dec-2009 |
31-Dec-2008 |
30-Jun-2008 |
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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 |
0.634699 |
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Consolidated |
No |
No |
No |
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Sales per employee |
1.18 |
1.66 |
2.40 |
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Profit per employee |
- |
0.01 |
0.15 |
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Average wage per employee |
0.04 |
0.02 |
0.03 |
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Net worth |
0.1 |
0.3 |
0.4 |
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Number of employees |
2 |
2 |
2 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.90 |
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UK Pound |
1 |
Rs.80.30 |
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Euro |
1 |
Rs.68.48 |
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.