employee

MIRA INFORM REPORT

 

 

Report Date :           

28.02.2012

 

IDENTIFICATION DETAILS

 

Name :

RISERIA PRODOTTI DEL SOLE SRL

 

 

Registered Office :

Via Pertengo Snc, Costanzana, 13033

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

28.05.2008

 

 

Com. Reg. No.:

02369400029

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Subject is engaged in grain milling; and manufacture of breakfast cereals and cereals-based foods

 

 

No. of Employees :

14

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 

 

Riseria Prodotti Del Sole SRL

Via Pertengo Snc

Costanzana, 13033

Italy

Tel:       +39 0161 312408

Fax:      +39 0161 312356

 

 

Synthesis  

 

Employees:                   14

Company Type:            Private Independent

Incorporation Date:         28-May-2008   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               18.1

Total Assets:                11.6

 

 

Business Description     

 

Riseria Prodotti Del Sole SRL is primarily engaged in grain milling; and manufacture of breakfast cereals and cereals-based foods.

 

Industry             

Industry            Food Processing

ANZSIC 2006:    1161 - Grain Mill Product Manufacturing

NACE 2002:      1561 - Manufacture of grain mill products

NAICS 2002:     31121 - Flour Milling and Malt Manufacturing

UK SIC 2003:    1561 - Manufacture of grain mill products

US SIC 1987:    2044 - Rice Milling

 

           

Key Executives   

 

Name                            Title     

Claudio Maestroni          Sole administrator         

 

Registered No.(ITA): 02369400029

 

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 Pertengo Snc

Costanzana, 13033

Italy

Tel:       +39 0161 312408

Fax:      +39 0161 312356

           

Sales EUR(mil):             13.6

Assets EUR(mil):           8.7

Employees:                   14

Fiscal Year End:            31-Dec-2010

 

Industry:                        Food Processing

Incorporation Date:         28-May-2008

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(ITA):       02369400029

Sole administrator:         Claudio Maestroni

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Subsidiaries

 

 

Industry Codes

 

ANZSIC 2006 Codes:

360       -          Grocery, Liquor and Tobacco Product Wholesaling

1161     -          Grain Mill Product Manufacturing

 

NACE 2002 Codes:

5138     -          Wholesale of other food including fish, crustaceans and molluscs

1561     -          Manufacture of grain mill products

 

NAICS 2002 Codes:

31121   -          Flour Milling and Malt Manufacturing

424460  -          Fish and Seafood Merchant Wholesalers

 

US SIC 1987:

514       -          Groceries and Related Products

2044     -          Rice Milling

 

UK SIC 2003:

1561     -          Manufacture of grain mill products

5138     -          Wholesale of other food including fish, crustaceans and molluscs

 

Business Description

Riseria Prodotti Del Sole SRL is primarily engaged in grain milling; and manufacture of breakfast cereals and cereals-based foods.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

13.6

Assets:

8.7

Current Assets:

5.5

 

Total Liabilities:

8.7

 

Net Worth:

3.2

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

111.5%

NA

 

Subsidiaries

Company

Percentage Owned

Country

Risi Zibra SRL

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Claudio Maestroni

 

Sole administrator

President

 

 


 Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

18.3

9.7

7.0

Net sales

18.1

9.0

7.0

Other operating income

0.2

0.6

0.0

Raw materials and consumables employed

13.6

7.8

6.2

Other expenses

2.8

0.8

0.4

Total payroll costs

0.6

0.2

-

Fixed asset depreciation and amortisation

0.3

0.2

0.1

Other operating costs

0.6

0.4

0.1

Net operating income

0.4

0.3

0.2

Total financial income

-

-

0.0

Total expenses

0.0

-

-

Profit before tax

0.4

0.3

0.2

Profit after extraordinary items and before tax

0.4

0.3

0.2

Total taxation

0.1

0.0

0.1

Net profit

0.3

0.3

0.1

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

4.3

0.6

0.1

Provision for pensions

0.0

0.0

-

Mortgages and loans

2.4

-

-

Other long-term liabilities

-

-

3.2

Trade creditors

2.9

2.7

1.3

Bank loans and overdrafts

1.7

-

-

Other current liabilities

0.3

4.4

0.0

Accruals and deferred income

0.0

-

0.2

Total current liabilities

4.9

7.1

1.6

Total liabilities (including net worth)

11.6

7.7

4.9

Intangibles

0.0

0.0

0.0

Buildings

-

-

0.1

Total tangible fixed assets

4.2

3.2

0.9

Total financial assets

0.0

-

-

Total non-current assets

4.2

3.2

0.9

Finished goods

-

-

0.0

Net stocks and work in progress

1.2

1.4

0.7

Trade debtors

2.5

1.7

1.4

Other receivables

2.3

0.7

1.9

Cash and liquid assets

1.1

0.2

0.1

Marketable securities

0.1

-

-

Accruals

0.4

0.4

-

Total current assets

7.4

4.5

4.0

Total assets

11.6

7.7

4.9

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

1.50

0.60

2.60

Quick ratio

1.30

0.40

2.10

Current liabilities to net worth

0.01%

0.13%

0.11%

Sales per employee

0.97

0.64

-

Profit per employee

0.02

0.02

-

Average wage per employee

0.03

0.01

-

Net worth

4.3

0.6

0.1

Number of employees

14

10

-

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.05

UK Pound

1

Rs.77.78

Euro

1

Rs.65.89

 

 

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.