MIRA INFORM REPORT
|
Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
MYKO TRADING S.P.A. |
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Registered Office : |
Via Riviera Di Chiaia, 276, 80100 – Napoli (NA) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.09.2010 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesale of coffee |
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No. of Employees
: |
5 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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Litigation : |
--- |
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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
Myko Trading S.p.A.
Via Riviera Di Chiaia, 276
80100 - Napoli (NA) -IT-
Summary
|
Fiscal Code |
: |
06691811217 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
22/09/2010 |
|
Equity |
: |
1.000.000 Eur |
|
Turnover Range |
: |
150.000/200.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of coffee
Wholesale of tea, cocoa and
spices
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 06691811217 |
|
Chamber of Commerce no. : 832347 of Napoli
since 14/07/2010 |
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V.A.T. Code : 06691811217 |
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Establishment date |
: 06/07/2010 |
|
|
Start of Activities |
: 22/09/2010 |
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Nominal Capital |
: 1.000.000 |
Eur |
|
Subscribed Capital |
: 1.000.000 |
Eur |
|
Paid up Capital |
: 1.000.000 |
Eur |
Members
|
|
Rubino |
Michele |
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|
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Born in Napoli |
(NA) |
on 04/03/1949 |
- Fiscal Code : RBNMHL49C04F839T |
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Residence : |
Via |
Luigia Sanfelice |
, 16 |
- 80127 |
Napoli |
(NA) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
06/07/2010 |
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|
|
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No Protests
registered |
Companies connected to members *
*checkings have been performed
on a national scale.
In this module are listed the
companies in which members hold or have holded positions.
|
|
RUBINO |
MICHELE |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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CAFE'DO BRASIL S.P.A. |
Napoli (NA) - IT - |
00275560639 |
Director |
Withdrawn |
Registered |
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CAFE'DO BRASIL S.P.A. |
Napoli (NA) - IT - |
00275560639 |
Sole Director |
Withdrawn |
Registered |
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CAFE'DO BRASIL S.P.A. |
Napoli (NA) - IT - |
00275560639 |
Board Chairman |
Withdrawn |
Registered |
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CONSORZIO PROMOZIONE CAFFE' |
Milano (MI) - IT - |
08523470584 |
Director |
Withdrawn |
Registered |
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CONSORZIO PROMOZIONE CAFFE' |
Milano (MI) - IT - |
08523470584 |
Baord of
Directors' member |
Active |
Registered |
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FINKO S.R.L. |
Milano (MI) - IT - |
09781330155 |
Sole Director |
Withdrawn |
Registered |
|
INTER-KOM S.P.A. |
Napoli (NA) - IT - |
01347530634 |
Sole Director |
Withdrawn |
Registered |
The indication
"REGISTERED" as Firm Status could refer to Firms in Liquidation,
Active, Inactive, etc.
For more information, in this
case, we advise to request further investigations.
Capital Shareholders
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Rubino Michele |
Napoli - IT - |
RBNMHL49C04F839T |
500.000 .Eur |
50,00 |
|
Rubino Maria |
Napoli - IT - |
RBNMRA61E55F839K |
500.000 .Eur |
50,00 |
Direct Participations
The Company under review has no
participations in other Companies.
Firm's location and structure
In order to carry out its
activities the firm uses the following locations:
|
- |
Legal and
operative seat |
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|
|
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Via |
Riviera Di Chiaia |
, 276 |
- 80100 |
- Napoli |
(NA) |
- IT - |
|
- |
Branch |
(office ) |
since 01/08/2011 |
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|
|
|
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Via |
Luca Giordano |
, 15 |
- 80100 |
- Napoli |
(NA) |
- IT - |
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Employees |
: 3 |
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Stocks for a value of 40.000 |
Eur |
Protests
Protests checking on the subject
firm has given a negative result.
Legal Procedures
None reported, standing to the
latest received edition of the Official Publications.
Financial and Economical Analysis
The company is in its early
stage.
The following analysis has been
made on the basis of the b/s for the year 2010.
The accounting period 2010 was
marked by a loss.
The operating result is negative
(-19,53%).
The operating result is negative
(Eur. -193.355).
The GOM is negative and amounts
to Eur. -170.076.
The company has an excellent net
worth if compared to its debts, with a low indebtedness (not calculable)
The equity capital is of Eur.
858.024.
Debts amount to Eur. 128.383.
Bank and suppliers credit
recourse is limited, 36,47 gg. is payment average period below the sector's
average.
The management determines a good
range of liquidity.
As to due from customers, the
average terms are 51,71 days. , a value lower than the sector's average.
(Eur. -118.697) is the negative
value of the cash flow.
Subordinate employment cost is
of Eur. 30.918, i.e. 8,23% on total production costs. , whereas the incidence
on sales revenues is of 16,96%.
Financial incomes cover
financial charges.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
182.261 |
|
Profit (Loss) for the period |
-141.976 |
Balance Sheets
From our constant monitoring of
the relevant Public Administration offices, no more recent balance sheets
result to have been filed.
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- Balance Sheet
as at 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x 1 |
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RATIOS |
Value
Type |
as at 31/12/2010 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
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Rigidity Ratio |
Units |
0,17 |
0,13 |
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Elasticity Ratio |
Units |
0,82 |
0,85 |
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Availability of stock |
Units |
0,04 |
0,16 |
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Total Liquidity Ratio |
Units |
0,78 |
0,62 |
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Quick Ratio |
Units |
0,65 |
0,03 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
n.c. |
5,02 |
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Self Financing Ratio |
Units |
0,87 |
0,13 |
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Capital protection Ratio |
Units |
0,00 |
0,58 |
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Liabilities consolidation quotient |
Units |
0,01 |
0,10 |
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Financing |
Units |
0,15 |
6,17 |
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Permanent Indebtedness Ratio |
Units |
0,87 |
0,25 |
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M/L term Debts Ratio |
Units |
0,00 |
0,07 |
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Net Financial Indebtedness Ratio |
Units |
0,00 |
1,16 |
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CORRELATION |
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Fixed assets ratio |
Units |
5,05 |
1,57 |
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Current ratio |
Units |
6,35 |
1,09 |
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Acid Test Ratio-Liquidity Ratio |
Units |
6,04 |
0,85 |
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Structure's primary quotient |
Units |
5,04 |
0,96 |
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Treasury's primary quotient |
Units |
5,03 |
0,05 |
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Rate of indebtedness ( Leverage ) |
% |
115,38 |
743,68 |
|
Current Capital ( net ) |
Value |
686.962 |
70.465 |
|
RETURN |
|
|
|
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Return on Sales (R.O.S.) |
% |
- 65,12 |
1,66 |
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Return on Equity - Net- ( R.O.E. ) |
% |
- 16,55 |
6,68 |
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Return on Equity - Gross - ( R.O.E. ) |
% |
- 22,55 |
19,39 |
|
Return on Investment ( R.O.I. ) |
% |
- 19,53 |
3,84 |
|
Return/ Sales |
% |
- 106,09 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
28,56 |
|
Cash Flow |
Value |
-118.697 |
48.046 |
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Operating Profit |
Value |
-193.355 |
59.910 |
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Gross Operating Margin |
Value |
-170.076 |
99.701 |
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MANAGEMENT |
|
|
|
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Credits to clients average term |
Days |
51,71 |
86,56 |
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Debts to suppliers average term |
Days |
36,47 |
100,32 |
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Average stock waiting period |
Days |
78,99 |
31,97 |
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Rate of capital employed return ( Turnover
) |
Units |
0,18 |
1,82 |
|
Rate of stock return |
Units |
4,56 |
11,18 |
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Labour cost incidence |
% |
16,96 |
5,95 |
|
Net financial revenues/charges incidence |
% |
0,58 |
- 0,81 |
|
Labour cost on purchasing expenses |
% |
8,23 |
5,95 |
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Short-term financing charges |
% |
n.c. |
2,18 |
|
Capital on hand |
% |
543,17 |
54,67 |
|
Sales pro employee |
Value |
182.261 |
507.073 |
|
Labour cost pro employee |
Value |
30.918 |
32.650 |
Market / Territory Data
|
Population living in the province |
: |
3.092.859 |
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Population living in the region |
: |
5.788.986 |
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Number of families in the region |
: |
1.966.064 |
Monthly family expenses average
in the region (in Eur.) :
|
- per food products |
: |
475 |
|
- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
Sector Data
The values are calculated on a
base of 5.101 significant companies.
The companies cash their credits
on an average of 86 dd.
The average duration of
suppliers debts is about 100 dd.
The sector's profitability is on
an average of 1,66%.
The labour cost affects the
turnover in the measure of 5,95%.
Goods are held in stock in a
range of 31 dd.
The difference between the sales
volume and the resources used to realize it is about 1,82.
The employees costs represent
the 5,95% of the production costs.
Statistical Detrimental Data
The area is statistically
considered remarkably risky.
In the region 80.616 protested
subjects are found; in the province they count to 41.815.
The insolvency index for the
region is 1,40, , while for the province it is 1,36.
Total Bankrupt companies in the
province : 18.217.
Total Bankrupt companies in the
region : 28.514.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.93 |
|
UK Pound |
1 |
Rs.80.62 |
|
Euro |
1 |
Rs.69.37 |
RATING EXPLANATIONS
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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.