MIRA
INFORM REPORT
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Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
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Name : |
STEMAR SRL |
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Registered Office : |
Via Seychelles 30, Olbia, 07026 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
05.11.1981 |
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Com. Reg. No.: |
00926570904 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Subject is engaged in retail sale by confectioners,
tobacconists and newsagents (CTNs) |
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No. of Employees : |
43 |
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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Maximum Credit Limit : |
USD 1100000 |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
Stemar SRL
Via Seychelles 30
Olbia, 07026
Italy
Tel: +39 0789 57133
Fax: +39 0789 595042
Synthesis
Employees: 43
Company Type: Private Independent
Incorporation Date:
05-Nov-1981
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2010
Reporting Currency: Euro
Annual Sales: 20.9
Total Assets: 61.0
Business Description
Stemar SRL is primarily engaged in retail sale by confectioners, tobacconists and newsagents (CTNs); retail sale in non-specialised stores (excluding CTNs) holding an alcohol licence, with food, beverages or tobacco predominating; and retail sale in non-specialised stores (excluding CTNs) not holding an alcohol licence, with food, beverages or tobacco predominating.
Industry
Industry Retail (Grocery)
ANZSIC 2006: 4279 - Other
Store-Based Retailing Not Elsewhere Classified
NACE 2002: 5211 - Retail sale
in non-specialised stores with food, beverages or tobacco predominating
NAICS 2002: 4451 - Grocery
Stores
UK SIC 2003: 5211 - Retail sale
in non-specialised stores with food, beverages or tobacco predominating
US SIC 1987: 5331 - Variety
Stores
Key Executives
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Name |
Title |
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Stefano Mossa |
Executive |
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Mario Mossa |
Executive |
Registered No.(ITA): 00926570904
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Via Seychelles 30
Olbia, 07026
Italy
Tel: +39 0789 57133
Fax: +39 0789 595042
Sales EUR(mil): 15.8
Assets EUR(mil): 45.5
Employees: 43
Fiscal Year End: 31-Dec-2010
Industry: Retail
(Grocery)
Incorporation Date: 05-Nov-1981
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ITA): 00926570904
Executive: Mario
Mossa
Contents
· Industry Codes
Business
Description
Financial
Data
Subsidiaries
Key
Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
696 - Management and Related Consulting Services
4279 - Other Store-Based Retailing Not Elsewhere Classified
NACE 2002 Codes:
5211 - Retail sale in non-specialised stores with food, beverages
or tobacco predominating
7032 - Management of real estate on a fee or contract basis
NAICS 2002 Codes:
53131 - Real Estate Property Managers
4451 - Grocery Stores
US SIC 1987:
8744 - Facilities Support Management Services
5331 - Variety Stores
UK SIC 2003:
7032 - Management of real estate on a fee or contract basis
5211 - Retail sale in non-specialised stores with food, beverages
or tobacco predominating
Business
Description
Stemar SRL is primarily engaged in retail sale by confectioners, tobacconists and newsagents (CTNs); retail sale in non-specialised stores (excluding CTNs) holding an alcohol licence, with food, beverages or tobacco predominating; and retail sale in non-specialised stores (excluding CTNs) not holding an alcohol licence, with food, beverages or tobacco predominating.
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Executive report
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Executives |
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Executive |
Other |
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Executive |
Other |
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
21.2 |
23.6 |
25.0 |
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Net sales |
20.9 |
23.2 |
25.5 |
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Other operating income |
0.3 |
0.8 |
0.1 |
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Raw materials and consumables employed |
15.3 |
17.3 |
18.5 |
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Other expenses |
2.0 |
1.9 |
1.9 |
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Total payroll costs |
1.6 |
1.6 |
1.5 |
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Fixed asset depreciation and amortisation |
0.6 |
0.6 |
0.5 |
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Other operating costs |
0.3 |
0.3 |
1.1 |
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Net operating
income |
1.4 |
1.9 |
1.5 |
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Total financial
income |
- |
0.1 |
0.2 |
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Total expenses |
0.9 |
0.9 |
1.3 |
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Profit before tax |
0.5 |
1.1 |
0.5 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Profit after extraordinary items and
before tax |
0.5 |
1.1 |
0.4 |
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Total taxation |
0.3 |
0.4 |
0.3 |
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Net profit |
0.2 |
0.6 |
0.1 |
Annual Balance
Sheet
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total
stockholders equity |
23.1 |
25.2 |
27.4 |
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Provision for risks |
10.5 |
11.4 |
11.2 |
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Provision for pensions |
0.4 |
0.4 |
0.3 |
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Mortgages and loans |
16.2 |
14.9 |
12.8 |
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Other long-term liabilities |
0.0 |
0.0 |
- |
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Trade creditors |
3.2 |
3.0 |
3.4 |
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Bank loans and overdrafts |
6.5 |
6.0 |
6.1 |
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Other current liabilities |
1.0 |
1.0 |
0.6 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current
liabilities |
10.8 |
10.0 |
10.1 |
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Total
liabilities (including net worth) |
61.0 |
61.9 |
61.8 |
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Intangibles |
0.9 |
1.1 |
1.2 |
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Buildings |
44.6 |
47.3 |
50.0 |
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Total tangible fixed
assets |
45.6 |
48.5 |
51.0 |
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Long-term investments |
1.7 |
2.0 |
1.8 |
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Total financial
assets |
1.7 |
2.0 |
1.8 |
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Total
non-current assets |
48.2 |
51.6 |
54.1 |
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Finished goods |
1.5 |
1.6 |
2.2 |
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Net stocks and work in progress |
1.5 |
1.7 |
2.3 |
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Trade debtors |
1.1 |
1.0 |
0.9 |
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Other receivables |
10.0 |
7.2 |
4.3 |
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Cash and liquid assets |
0.2 |
0.4 |
0.2 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current
assets |
12.8 |
10.2 |
7.7 |
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Total assets |
61.0 |
61.9 |
61.8 |
Annual Ratios
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.20 |
1.00 |
0.80 |
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Quick ratio |
1.00 |
0.90 |
0.50 |
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Current liabilities to net worth |
0.01% |
0.00% |
0.00% |
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Sales per employee |
- |
0.48 |
0.87 |
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Average wage per employee |
- |
0.03 |
0.05 |
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Net worth |
23.1 |
25.2 |
27.4 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.44 |
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UK Pound |
1 |
Rs.87.12 |
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Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.