MIRA
INFORM REPORT
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Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
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Name : |
S.P. SPA |
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Registered Office : |
Strada Statale 31 Bis, Stroppiana, 13010 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.01.2000 |
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Com. Reg. No.: |
01973630021 |
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Legal Form : |
Public Independent |
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Line of Business : |
Wholesale of other food including fish, crustaceans and molluscs |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 and address
S.P. SpA
Strada Statale 31 Bis
Stroppiana, 13010
Italy
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Employees: |
8 |
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Company Type: |
Public Independent |
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Incorporation
Date: |
03-Jan-2000 |
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Fiscal Year End: |
31-Dec-2010 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
39.7 |
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Total Assets: |
34.0 |
Business Description
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S.P. SpA is primarily engaged in wholesale of other food including fish,
crustaceans and molluscs. This class also includes: wholesale of potato
products; and wholesale of feed for pet animals. |
Industry
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Industry |
Retail (Grocery) |
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ANZSIC 2006: |
360 - Grocery, Liquor and Tobacco Product
Wholesaling |
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NACE 2002: |
5138 - Wholesale of other food including
fish, crustaceans and molluscs |
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NAICS 2002: |
424460 - Fish and Seafood Merchant
Wholesalers |
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UK SIC 2003: |
5138 - Wholesale of other food including
fish, crustaceans and molluscs |
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US SIC 1987: |
5149 - Groceries and Related Products, Not
Elsewhere Classified |
Key Executives
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Registered No.(ITA)
01973630021
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Incorporation Date: |
03-Jan-2000 |
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Company Type: |
Public Independent |
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Quoted Status: |
Not Quoted |
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Registered No.(ITA): |
01973630021 |
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President: |
Mario Pastore |
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Contents |
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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) |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Total income |
40.5 |
49.5 |
45.4 |
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Net sales |
39.7 |
49.0 |
45.2 |
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Other operating income |
0.4 |
0.2 |
0.1 |
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Raw materials and consumables employed |
31.6 |
37.9 |
37.2 |
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Other expenses |
6.6 |
6.9 |
5.8 |
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Total payroll costs |
0.3 |
0.3 |
0.2 |
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Fixed asset depreciation and amortisation |
0.9 |
0.3 |
0.2 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Net operating income |
1.1 |
4.0 |
1.9 |
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Total financial income |
0.0 |
- |
0.0 |
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Total expenses |
0.4 |
0.5 |
0.5 |
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Profit before tax |
0.7 |
3.6 |
1.4 |
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Extraordinary result |
0.0 |
-0.1 |
0.0 |
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Profit after extraordinary items and before tax |
0.7 |
3.5 |
1.4 |
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Total taxation |
0.1 |
0.9 |
0.5 |
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Net profit |
0.6 |
2.6 |
0.9 |
Annual Balance Sheet
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Financials in: EUR
(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 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
5.1 |
4.6 |
2.0 |
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Provision for risks |
- |
0.1 |
0.0 |
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Provision for pensions |
0.1 |
0.0 |
0.0 |
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Mortgages and loans |
9.9 |
1.5 |
1.3 |
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Trade creditors |
12.5 |
13.4 |
10.6 |
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Bank loans and overdrafts |
6.2 |
9.8 |
8.9 |
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Other current liabilities |
0.1 |
0.5 |
0.2 |
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Accruals and deferred income |
0.1 |
0.1 |
0.1 |
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Total current liabilities |
19.0 |
23.8 |
19.7 |
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Total liabilities (including net worth) |
34.0 |
30.1 |
23.1 |
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Intangibles |
0.3 |
0.2 |
0.1 |
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Buildings |
4.9 |
4.5 |
0.7 |
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Total tangible fixed assets |
12.7 |
9.2 |
3.9 |
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Long-term investments |
0.0 |
0.0 |
- |
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Total financial assets |
0.0 |
0.0 |
- |
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Total non-current assets |
13.0 |
9.4 |
4.0 |
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Finished goods |
1.3 |
1.0 |
0.6 |
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Net stocks and work in progress |
4.5 |
2.3 |
2.5 |
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Trade debtors |
11.3 |
14.4 |
14.4 |
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Other receivables |
2.5 |
1.9 |
1.0 |
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Cash and liquid assets |
2.8 |
2.1 |
1.1 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current assets |
21.0 |
20.6 |
19.1 |
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Total assets |
34.0 |
30.1 |
23.1 |
Annual
Ratios
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Financials in:
EUR (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 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.10 |
0.90 |
1.00 |
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Quick ratio |
0.90 |
0.80 |
0.80 |
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Current liabilities to net worth |
0.04% |
0.05% |
0.10% |
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Sales per employee |
4.41 |
6.12 |
9.04 |
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Profit per employee |
0.08 |
0.50 |
0.24 |
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Average wage per employee |
0.04 |
0.03 |
0.04 |
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Net worth |
5.1 |
4.6 |
2.0 |
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Number of employees |
9 |
7 |
6 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.28 |
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1 |
Rs.78.09 |
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Euro |
1 |
Rs.65.58 |
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.