MIRA INFORM REPORT
|
Report Date : |
08.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
INDO LANKA S.R.L. |
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Registered Office : |
Via Cassia, 1691, 00123 - Roma (RM) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.04.2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Mini-markets and other
non-specialised food stores |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
1.000 Eur |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
Indo Lanka S.r.l.
Via Cassia, 1691
00123 - Roma (RM) -IT-
Summary
|
Fiscal Code |
: |
09453711005 |
|
Legal Form |
: |
Limited liability company |
|
Establishment Date |
: |
03/04/2007 |
|
Equity |
: |
15.000 Eur |
|
Turnover Range |
: |
25.000/35.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
Credit Analysis
|
Credit Opinion |
: |
1.000 - Eur |
Activity
Mini-markets and other
non-specialised food stores
Legal Data
Legal Form : Limited liability
company
|
Fiscal Code : 09453711005 |
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Municipal Licence : 46140 since 15/09/2010 |
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Chamber of Commerce no. : 1163657 of Roma since
10/04/2007 |
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V.A.T. Code : 09453711005 |
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Establishment date |
: 03/04/2007 |
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|
Legal duration |
: 31/12/2100 |
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Nominal Capital |
: 10.000 |
Eur |
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Subscribed Capital |
: 10.000 |
Eur |
|
Paid up Capital |
: 10.000 |
Eur |
Members
|
|
Selladore |
Shanthilatha |
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|
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Born in Mudukatuwa |
on 12/10/1972 |
- Fiscal Code : SLLSNT72R52Z209Q |
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Residence : |
Via |
Cassia |
, 1691 |
- 00100 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
07/10/2009 |
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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 the companies in
which members hold/held positions are listed.
The Members of the subject firm
are not reported to be Members in other companies.
Capital Shareholders
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Selladore Shanthilatha |
Roma - IT - |
SLLSNT72R52Z209Q |
5.000 .Eur |
50,00 |
|
Selvaraj Udaya Kumar |
|
SLVDKM66T15Z222G |
5.000 .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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Via |
Cassia |
, 1691 |
- 00100 |
- Roma |
(RM) |
- IT - |
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Total Surface: 60 Sq.mt. |
|
- |
Branch |
(Shop ) |
since 15/11/2010 |
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Via |
Valle Della Storta |
, 14/14A |
- 00100 |
- Roma |
(RM) |
- IT - |
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|
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Total Surface: 60 Sq.mt. |
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Stocks for a value of 110.000 |
Eur |
|
|
|
|
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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
Company's starting of activities
dates back to some years ago (2007).
The balance-sheet analysis has
been made on the base of the latest 2 financial years.
Last two financial years were
marked by losses; in 2010 r.o.e. is -42,99%.
A loss is registered as to the
operating result (-7,92%).
The amount of the operating loss
for 2010 is equal to Eur. -10.754.
It has been registered a
negative gross operating margin value of (Eur. -6.948).
Short-term debts volume if
compared to net worth, as it comes out from the total indebtedness (16) which
is rising compared to 2009.
Subject can manage an equity
capital funds for an amount of Eur. 7.611 showing a -30,06% drop.
Total indebtedness amounts to
Eur. 127.968, with a growth equal to more then 100%.
The company does not exceed in bank
borrowings; the recourse to suppliers' credit is also limited which is also
lower than the sector average.
The management determines a good
range of liquidity.
On average trade credits are
collected in 22,83 days. , within the sector's average.
As far as the cash flow is
concerned during the latest financial year it amounted to Eur. 534
Labour cost amounts to Eur.
4.770, with a 3,1% incidence on production costs. , whereas the incidence of
such costs on sales revenues is equal to 14,39%.
The financial management is
marked by a high incidence of financial charges in relation to sales revenues
(-1,83%).
Financial Data
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Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
33.158 |
|
Profit (Loss) for the period |
-3.272 |
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
22.233 |
|
Profit (Loss) for the period |
-533 |
Balance Sheets
From our constant monitoring of the
relevant Public Administration offices, no more recent balance sheets result to
have been filed.
|
- Balance Sheet
as at 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x 1 |
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RATIOS |
Value
Type |
as at 31/12/2010 |
as at 31/12/2009 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
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|
|
|
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Rigidity Ratio |
Units |
0,05 |
0,12 |
0,21 |
|
Elasticity Ratio |
Units |
0,95 |
0,87 |
0,76 |
|
Availability of stock |
Units |
0,82 |
0,81 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,12 |
0,07 |
0,38 |
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Quick Ratio |
Units |
0,05 |
0,02 |
0,06 |
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COMPOSITION ON
SOURCE |
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Net Short-term indebtedness |
Units |
16,00 |
4,39 |
4,71 |
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Self Financing Ratio |
Units |
0,06 |
0,18 |
0,13 |
|
Capital protection Ratio |
Units |
0,12 |
0,13 |
0,47 |
|
Liabilities consolidation quotient |
Units |
n.c. |
n.c. |
0,14 |
|
Financing |
Units |
16,81 |
4,51 |
6,18 |
|
Permanent Indebtedness Ratio |
Units |
0,06 |
0,18 |
0,28 |
|
M/L term Debts Ratio |
Units |
n.c. |
n.c. |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,38 |
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CORRELATION |
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|
|
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Fixed assets ratio |
Units |
1,23 |
1,46 |
1,19 |
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Current ratio |
Units |
1,01 |
1,07 |
1,04 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,13 |
0,08 |
0,57 |
|
Structure's primary quotient |
Units |
1,23 |
1,46 |
0,65 |
|
Treasury's primary quotient |
Units |
0,05 |
0,03 |
0,10 |
|
Rate of indebtedness ( Leverage ) |
% |
1.783,45 |
552,28 |
753,97 |
|
Current Capital ( net ) |
Value |
902 |
3.351 |
13.820 |
|
RETURN |
|
|
|
|
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Return on Sales |
% |
1,61 |
11,46 |
1,76 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 42,99 |
- 4,90 |
6,97 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 42,99 |
- 4,90 |
19,32 |
|
Return on Investment ( R.O.I. ) |
% |
- 7,92 |
- 2,44 |
3,36 |
|
Return/ Sales |
% |
- 32,43 |
- 6,58 |
1,67 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
34,61 |
|
Cash Flow |
Value |
534 |
2.547 |
30.555 |
|
Operating Profit |
Value |
-10.754 |
-1.464 |
28.817 |
|
Gross Operating Margin |
Value |
-6.948 |
1.616 |
58.450 |
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MANAGEMENT |
|
|
|
|
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Credits to clients average term |
Days |
22,83 |
2,06 |
20,73 |
|
Debts to suppliers average term |
Days |
32,79 |
145,91 |
94,63 |
|
Average stock waiting period |
Days |
1.215,32 |
785,16 |
42,55 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,24 |
0,37 |
1,99 |
|
Rate of stock return |
Units |
0,30 |
0,46 |
8,40 |
|
Labour cost incidence |
% |
14,39 |
21,52 |
8,75 |
|
Net financial revenues/ charges incidence |
% |
- 1,83 |
- 2,56 |
- 0,46 |
|
Labour cost on purchasing expenses |
% |
3,10 |
6,63 |
8,71 |
|
Short-term financing charges |
% |
0,47 |
1,16 |
1,61 |
|
Capital on hand |
% |
409,37 |
270,34 |
50,33 |
|
Sales pro employee |
Value |
n.c. |
|
305.836 |
|
Labour cost pro employee |
Value |
n.c. |
|
30.467 |
Credit Opinion
On the basis of the above mentioned,
and the sales volume obtained, we deem that the maximum exposure for short and
medium term transactions ( 90 - 120 days ) could be of:
1.000Eur.
Market / Territory Data
|
Population living in the province |
: |
3.807.992 |
|
Population living in the region |
: |
5.269.972 |
|
Number of families in the region |
: |
2.091.220 |
Monthly family expenses average
in the region (in Eur.) :
|
- per food products |
: |
472 |
|
- per non food products |
: |
1.832 |
|
- per energy consume |
: |
102 |
Sector Data
The values are calculated on a
base of 3.366 significant companies.
The companies cash their credits
on an average of 20 dd.
The average duration of
suppliers debts is about 94 dd.
The sector's profitability is on
an average of 1,76%.
The labour cost affects the
turnover in the measure of 8,75%.
Goods are held in stock in a
range of 42 dd.
The difference between the sales
volume and the resources used to realize it is about 1,99.
The employees costs represent
the 8,71% of the production costs.
Statistical Detrimental Data
The area is statistically
considered moderately risky.
In the region 53.924 protested
subjects are found; in the province they count to 34.465.
The insolvency index for the
region is 1,04, , while for the province it is 0,92.
Total Bankrupt companies in the
province : 31.914.
Total Bankrupt companies in the
region : 37.442.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.75.97 |
|
Euro |
1 |
Rs.65.99 |
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 |
|
---- |
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.