MIRA
INFORM REPORT
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Report Date : |
14.01.2012 |
IDENTIFICATION DETAILS
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Name : |
POLETTI SRL |
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Registered Office : |
Via Francesco Crispi 200 Santa Maria Della Versa, 27047 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
28.02.1985 |
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Com. Reg. No.: |
01135650180 |
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Legal Form : |
Private Independent |
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Line of Business : |
Primarily engaged in manufacture of other men’s outerwear;
and manufacture of other women’s outerwear. |
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No. of Employees : |
16 |
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 – 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
Poletti SRL
Via Francesco Crispi 200 Santa Maria Della Versa, 27047 Italy
Tel: +39 0385 278063
Fax: +39 0385 798113
Company info
Employees: 16
Company Type: Private Independent
Incorporation Date: 28-Feb-1985
Financials in : USD (mil)
Fiscal Year End: 31-Dec-2010
Reporting Currency: Euro
Annual Sales: 8.9
Total Assets: 6.4
Business Description
Poletti SRL is primarily engaged in manufacture of other men’s outerwear; and manufacture of other women’s outerwear.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1351 - Clothing Manufacturing
NACE 2002: 1822 - Manufacture of other outerwear
NAICS 2002: 3152 - Cut and Sew Apparel Manufacturing
UK SIC 2003: 1822 - Manufacture of other outerwear
US SIC 1987: 2331 - Women's, Misses', and Juniors' Blouses and Shirts
Key Executives
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Name |
Title |
|
Fiorella Polloni |
Sole administrator |
Registered No.(ITA)
01135650180
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
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Location
Tel: +39
0385 278063 Fax: +39 0385 798113 |
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Sales EUR(mil): 6.7 Assets EUR(mil): 4.8 Employees: 16 Fiscal Year End: 31-Dec-2010 Industry: Apparel and Accessories |
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Incorporation Date: 28-Feb-1985 Company Type: Private Independent Quoted Status: Not Quoted Registered No.(ITA): 01135650180
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ANZSIC 2006 Codes:
1351 - Clothing Manufacturing
NACE 2002 Codes:
1822 - Manufacture of other outerwear
NAICS 2002 Codes:
3152 - Cut and Sew Apparel Manufacturing
US SIC 1987:
2331 - Women's, Misses', and Juniors' Blouses and Shirts
UK SIC 2003:
1822 - Manufacture of other outerwear
Business Description
Poletti SRL is primarily engaged in manufacture of other men’s outerwear; and manufacture of other women’s outerwear.
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Bank: |
Intesa Sanpaolo Ag, Unicredit Banca Ag |
Executives report
Executives
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Sole administrator |
President |
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 |
8.9 |
7.5 |
6.5 |
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Net sales |
8.9 |
7.5 |
6.6 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Raw materials and consumables employed |
3.7 |
3.1 |
2.3 |
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Other expenses |
4.1 |
3.4 |
3.1 |
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Total payroll costs |
0.6 |
0.7 |
0.7 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
0.0 |
0.1 |
0.0 |
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Net operating
income |
0.3 |
0.3 |
0.3 |
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Total financial
income |
0.0 |
- |
0.0 |
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Total expenses |
0.1 |
0.2 |
0.2 |
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Profit before tax |
0.2 |
0.1 |
0.1 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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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 |
0.1 |
0.1 |
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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-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 |
1.1 |
1.1 |
1.0 |
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Provision for pensions |
0.3 |
0.3 |
0.3 |
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Other long-term liabilities |
- |
0.0 |
0.0 |
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Trade creditors |
3.2 |
3.3 |
- |
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Bank loans and overdrafts |
1.4 |
1.9 |
- |
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Other current liabilities |
0.3 |
0.2 |
4.8 |
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Total current
liabilities |
5.0 |
5.3 |
4.8 |
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Total
liabilities (including net worth) |
6.4 |
6.7 |
6.1 |
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Intangibles |
0.1 |
0.1 |
0.1 |
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Total tangible
fixed assets |
1.2 |
1.2 |
1.2 |
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Total financial
assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
1.3 |
1.3 |
1.3 |
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Net stocks and work in progress |
0.4 |
1.0 |
1.0 |
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Trade debtors |
4.0 |
4.0 |
- |
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Other receivables |
0.6 |
0.4 |
3.7 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current
assets |
5.1 |
5.4 |
4.7 |
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Total assets |
6.4 |
6.7 |
6.1 |
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 |
1.00 |
1.00 |
1.00 |
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Quick ratio |
0.90 |
0.80 |
0.80 |
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Current liabilities to net worth |
0.05% |
0.05% |
0.05% |
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Sales per employee |
- |
0.42 |
0.35 |
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Average wage per employee |
- |
0.04 |
0.03 |
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Net worth |
1.1 |
1.1 |
1.0 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.43 |
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|
1 |
Rs.79.10 |
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Euro |
1 |
Rs.66.17 |
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.