MIRA INFORM REPORT

 

 

Report Date :

22.08.2012

 

IDENTIFICATION DETAILS

 

Name :

RI.MA. SRL

 

 

Registered Office :

Via Giorgio Stephenson 32, Settimo Milanese, 20019

 

 

Country :

Italy

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

26.10.1972

 

 

Com. Reg. No.:

00882160153

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Wholesaler of agricultural machinery and accessories and implements, including tractors

 

 

No. of Employees :

28

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

Company name & address 

 

Ri.Ma. SRL

Via Giorgio Stephenson 32

Settimo Milanese, 20019

Italy

Tel:       +39 0233 512210

Fax:      +39 0232 84869

 

 

Synthesis

           

Employees:                  28

Company Type:             Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             Sarma SRL

Incorporation Date:         26-Oct-1972    

Financials in:                 USD (Millions)

Fiscal Year End:            30-Sep-2011

Reporting Currency:       Euro

Annual Sales:               12.3

Total Assets:                6.5

 

 

Business Description     

 

RI.MA. SRL is primarily engaged in wholesale of agricultural machinery and accessories and implements, including tractors. This class also includes: wholesale of lawn mowers however operated.

 

Industry             

Industry            Construction and Agriculture Machinery

ANZSIC 2006:    3411 - Agricultural and Construction Machinery Wholesaling

NACE 2002:      5188 - Wholesale of agricultural machinery and accessories and implements, including tractors

NAICS 2002:     423820 - Farm and Garden Machinery and Equipment Merchant Wholesalers

UK SIC 2003:    5188 - Wholesale of agricultural machinery and accessories and implements, including tractors

US SIC 1987:    5083 - Farm and Garden Machinery and Equipment

 

           

Key Executives   

 

Name

Title

Luigi Sartirana

President

Sergio Molgora

Member of the board

Mauro Antonio Sartirana

Managing director

 

 

 

news

 

Title

Date

Commerce Chambers of Kyrgyzstan and Kroea sign memorandum of understanding and cooperation
AKIpress News Agency (151 Words)

5-Jun-2012

Sisters drown in village pond
Times of India (221 Words)

1-Jun-2012

Chukchansi gives $1 million in grants awarded throughout Madera County
Sierra Star (Oakhurst, CA) (227 Words)

31-May-2012

Head/Tail women's tennis event interrupted by rain
Beaufort Gazette (SC) (268 Words)

30-May-2012

Social Development & Higher Education Ministries/ Two Agreements
Oman News Agency (ONA) (317 Words)

29-May-2012

 

Registered No.(ITA): 00882160153

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.717768

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7453231

 

 

Corporate Overview

 

Location

Via Giorgio Stephenson 32

Settimo Milanese, 20019

Italy

Tel:       +39 0233 512210

Fax:      +39 0232 84869

           

Sales EUR(mil):             8.8

Assets EUR(mil):           4.9

Employees:                   28

Fiscal Year End:            30-Sep-2011

Industry:                        Construction and Agriculture Machinery

Incorporation Date:         26-Oct-1972

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(ITA):       00882160153

Managing director:         Mauro Antonio Sartirana

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3411     -          Agricultural and Construction Machinery Wholesaling

 

NACE 2002 Codes:

5188     -          Wholesale of agricultural machinery and accessories and implements, including tractors

 

NAICS 2002 Codes:

423820  -          Farm and Garden Machinery and Equipment Merchant Wholesalers

 

US SIC 1987:

5083     -          Farm and Garden Machinery and Equipment

 

UK SIC 2003:

5188     -          Wholesale of agricultural machinery and accessories and implements, including tractors

 

Business Description

RI.MA. SRL is primarily engaged in wholesale of agricultural machinery and accessories and implements, including tractors. This class also includes: wholesale of lawn mowers however operated.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

8.8

Assets:

4.9

Current Assets:

4.8

 

Total Liabilities:

4.9

 

Net Worth:

2.0

 

 

 

Date of Financial Data:

30-Sep-2011

 

1 Year Growth

17.4%

NA

 

Key Corporate Relationships

Bank:

Intesa Sanpaolo ag, Intesa Sanpaolo ag, Intesa Sanpaolo ag

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Sarma SRL
Ri.Ma. SRL

Ri.Ma. SRL 
Total Corporate Family Members: 2 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Sarma SRL

Parent

Settimo Milanese, Milano

Italy

Construction and Agriculture Machinery

0.9

1

 

Ri.Ma. SRL

Subsidiary

Settimo Milanese, Milano

Italy

Construction and Agriculture Machinery

12.3

28

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

 

Sergio Molgora

 

Member of the board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Luigi Sartirana

 

President

President

 

Mauro Antonio Sartirana

 

Managing director

Managing Director

 

 

 

Annual Profit & Loss

 

 

 

30-Sep-2011

30-Sep-2010

30-Sep-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.717768

0.740255

0.73971

Consolidated

No

No

No

 

 

 

 

Total income

12.3

10.2

11.1

Net sales

12.3

10.2

11.1

Other operating income

-

-

0.0

Raw materials and consumables employed

9.1

7.6

8.1

Other expenses

1.3

1.3

1.4

Total payroll costs

1.6

1.4

1.4

Fixed asset depreciation and amortisation

0.1

0.1

0.1

Other operating costs

0.1

0.1

0.1

Net operating income

0.1

-0.4

0.0

Total financial income

0.0

0.0

0.0

Total expenses

0.1

0.1

0.1

Profit before tax

0.0

-0.5

-0.2

Extraordinary result

0.0

-

0.0

Profit after extraordinary items and before tax

0.0

-0.5

-0.2

Total taxation

0.0

0.0

0.0

Net profit

0.0

-

-

Net loss

-

0.5

0.2

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Sep-2011

30-Sep-2010

30-Sep-2009

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745323

0.732493

0.684135

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

2.7

2.8

3.5

Provision for pensions

0.5

0.4

0.4

Trade creditors

1.4

1.7

2.0

Bank loans and overdrafts

1.5

1.3

2.7

Other current liabilities

0.3

0.1

0.2

Accruals and deferred income

0.2

0.2

0.2

Total current liabilities

3.3

3.4

5.0

Total liabilities (including net worth)

6.5

6.6

8.9

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.1

0.1

0.1

Total financial assets

0.0

0.0

0.0

Receivables due after 1 year

0.0

0.0

0.0

Total non-current assets

0.1

0.1

0.2

Finished goods

2.9

3.0

4.3

Net stocks and work in progress

2.9

3.0

4.3

Trade debtors

2.1

2.1

2.9

Other receivables

1.3

1.2

1.4

Cash and liquid assets

0.1

0.1

0.0

Accruals

0.0

0.1

0.1

Total current assets

6.4

6.5

8.8

Total assets

6.5

6.6

8.9

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

30-Sep-2011

30-Sep-2010

30-Sep-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745323

0.732493

0.684135

Consolidated

No

No

No

 

 

 

 

Current ratio

1.90

1.90

1.80

Quick ratio

1.10

1.00

0.90

Current liabilities to net worth

0.01%

0.01%

0.01%

Sales per employee

0.32

0.27

0.28

Profit per employee

0.00

-0.01

0.00

Average wage per employee

0.04

0.04

0.04

Net worth

2.7

2.8

3.5

Number of employees

28

28

28

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.54

UK Pound

1

Rs.87.39

Euro

1

Rs.68.72

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.