MIRA INFORM REPORT
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Report Date : |
17.09.2011 |
IDENTIFICATION DETAILS
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Name : |
SALVATORE BOCCIA SRL |
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Registered Office : |
Via Caduti Di Superga 36/38, Pagani, 84016 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
04.04.1964 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
preserving of fruit, nuts, or vegetables: freezing,
drying, immersing in oil or in vinegar, canning, etc; |
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 : |
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
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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 & address
Salvatore Boccia SRL
Via Caduti Di Superga 36/38
Pagani, 84016
Italy
Tel: +39 0819 16989
Fax: +39 0815 152999
Synthesis
Employees: 7
Company Type: Private Independent
Incorporation Date:
04-Apr-1964
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 6.1
Total Assets: 6.5
Business Description
Salvatore Boccia
SRL is primarily engaged in preserving of fruit, nuts, or vegetables: freezing,
drying, immersing in oil or in vinegar, canning, etc; manufacture of fruit or
vegetable food products; manufacture of jams, marmalades, and table jellies.
Industry
Industry Food Processing
ANZSIC 2006: 1140 - Fruit and
Vegetable Processing
NACE 2002: 1533 - Processing
and preserving of fruit and vegetables not elsewhere classified
NAICS 2002: 3114 - Fruit and
Vegetable Preserving and Specialty Food Manufacturing
UK SIC 2003: 1533 - Processing
and preserving of fruit and vegetables not elsewhere classified
US SIC 1987: 2034 - Dried and
Dehydrated Fruits, Vegetables, and Soup Mixes
Key Executives
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Name |
Title |
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Francesco Boccia |
President |
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Massimo Boccia |
Managing director |
Registered No.(ITA): 00184440659
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 Caduti Di Superga 36/38
Pagani, 84016
Italy
Tel: +39 0819 16989
Fax: +39 0815 152999
Sales EUR(mil): 4.4
Assets EUR(mil): 4.5
Employees: 7
Fiscal Year End: 31-Dec-2009
Industry: Food
Processing
Incorporation Date: 04-Apr-1964
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ITA): 00184440659
Managing director: Massimo
Boccia
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3312 - Cereal Grain Wholesaling
1140 - Fruit and Vegetable Processing
1161 - Grain Mill Product Manufacturing
NACE 2002 Codes:
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
1561 - Manufacture of grain mill products
5121 - Wholesale of grain, seeds and animal feeds
NAICS 2002 Codes:
31121 - Flour Milling and Malt Manufacturing
424510 - Grain and Field Bean Merchant Wholesalers
3114 - Fruit and Vegetable Preserving and Specialty Food
Manufacturing
US SIC 1987:
204 - Grain Mill Products
5153 - Grain and Field Beans
2034 - Dried and Dehydrated Fruits, Vegetables, and Soup Mixes
UK SIC 2003:
5121 - Wholesale of grain, seeds and animal feeds
1561 - Manufacture of grain mill products
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
Business
Description
Salvatore Boccia
SRL is primarily engaged in preserving of fruit, nuts, or vegetables: freezing,
drying, immersing in oil or in vinegar, canning, etc; manufacture of fruit or
vegetable food products; manufacture of jams, marmalades, and table jellies.
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Executive report
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Executives |
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President |
President |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Annual Profit & Loss
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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 |
6.1 |
6.9 |
5.7 |
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Net sales |
6.1 |
6.9 |
5.7 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Raw materials and consumables employed |
4.8 |
5.6 |
4.4 |
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Other expenses |
0.7 |
0.8 |
0.8 |
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Total payroll costs |
0.3 |
0.3 |
0.3 |
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Fixed asset depreciation and amortisation |
0.1 |
0.0 |
0.0 |
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Other operating costs |
0.0 |
0.1 |
0.0 |
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Net operating income |
0.2 |
0.1 |
0.1 |
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Total financial income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.0 |
0.0 |
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Profit before tax |
0.2 |
0.1 |
0.1 |
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Profit after extraordinary items and before tax |
0.2 |
0.1 |
0.1 |
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Total taxation |
0.1 |
0.0 |
0.0 |
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Net profit |
0.1 |
0.0 |
0.0 |
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 |
5.5 |
5.2 |
1.1 |
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Provision for risks |
0.0 |
0.0 |
0.0 |
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Provision for pensions |
0.3 |
0.3 |
0.3 |
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Other current liabilities |
0.8 |
1.6 |
1.7 |
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Accruals and deferred income |
- |
0.0 |
0.0 |
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Total current liabilities |
0.8 |
1.6 |
1.7 |
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Total liabilities (including net worth) |
6.5 |
7.1 |
3.1 |
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Intangibles |
- |
- |
0.0 |
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Total tangible fixed assets |
4.6 |
4.5 |
0.2 |
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Total financial assets |
0.0 |
0.0 |
0.0 |
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Receivables due after 1 year |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
4.6 |
4.5 |
0.3 |
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Net stocks and work in progress |
0.8 |
1.2 |
1.2 |
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Other receivables |
1.0 |
1.2 |
1.3 |
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Cash and liquid assets |
0.2 |
0.3 |
0.3 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current assets |
1.9 |
2.6 |
2.9 |
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Total assets |
6.5 |
7.1 |
3.1 |
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 |
0.95 |
0.61 |
0.53 |
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Profit per employee |
0.03 |
0.01 |
0.01 |
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Average wage per employee |
0.04 |
0.03 |
0.03 |
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Net worth |
5.5 |
5.2 |
1.1 |
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Number of employees |
9 |
15 |
15 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.47 |
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UK Pound |
1 |
Rs.74.96 |
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Euro |
1 |
Rs.65.79 |
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.