MIRA INFORM REPORT

 

 

Report Date :           

31.01.2012

 

IDENTIFICATION DETAILS

 

Name :

GIORGIO KAUTEN SRL

 

 

Registered Office :

Via Cusago 151, Settimo Milanese, 20019

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

23.12.2005

 

 

Com. Reg. No.:

05088520969

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

wholesale of adults' fur and leather clothing

 

 

No. of Employees :

39

 

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 – 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 

 

Giorgio Kauten SRL

Via Cusago 151

Settimo Milanese, 20019

Italy

Tel:       +39 0248 948202

Fax:      +39 0248 948250

 

 

Synthesis

 

Employees:                  39

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            F.T.H. Finanz Trust Holding AG

Incorporation Date:         23-Dec-2005    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               9.0

Total Assets:                5.0

 

 

Business Description     

 

 

Giorgio Kauten SRL is primarily engaged in wholesale of adults' fur and leather clothing; wholesale of children's and infants' clothing; wholesale of footwear; and wholesale of clothing not elsewhere classified.

 

Industry             

Industry            Apparel and Accessories

ANZSIC 2006:    371 - Textile, Clothing and Footwear Wholesaling

NACE 2002:      5142 - Wholesale of clothing and footwear

NAICS 2002:     4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers

UK SIC 2003:    5142 - Wholesale of clothing and footwear

US SIC 1987:    5136 - Men's and Boy's Clothing and Furnishings

 

           

Key Executives   

 

Name               Title    

Elena Cecchini  Sole administrator         

 

Registered No.(ITA): 05088520969

 

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 Cusago 151

Settimo Milanese, 20019

Italy

Tel:       +39 0248 948202

Fax:      +39 0248 948250

           

Sales EUR(mil):             6.8

Assets EUR(mil):           3.7

Employees:                   39

Fiscal Year End:            31-Dec-2010

Industry:                        Apparel and Accessories

Incorporation Date:         23-Dec-2005

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(ITA):       05088520969

Sole administrator:         Elena Cecchini

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

4251     -          Clothing Retailing

371       -          Textile, Clothing and Footwear Wholesaling

 

NACE 2002 Codes:

5242     -          Retail sale of clothing

5142     -          Wholesale of clothing and footwear

 

NAICS 2002 Codes:

4243     -          Apparel, Piece Goods, and Notions Merchant Wholesalers

4481     -          Clothing Stores

 

US SIC 1987:

5651     -          Family Clothing Stores

5136     -          Men's and Boy's Clothing and Furnishings

 

UK SIC 2003:

5242     -          Retail sale of clothing

5142     -          Wholesale of clothing and footwear

Business Description

Giorgio Kauten SRL is primarily engaged in wholesale of adults' fur and leather clothing; wholesale of children's and infants' clothing; wholesale of footwear; and wholesale of clothing not elsewhere classified.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

6.8

Assets:

3.7

Current Assets:

3.4

 

Total Liabilities:

3.7

 

Net Worth:

0.2

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

8.5%

NA

 

 

 

 

Corporate Family

Corporate Structure News:

 

Giorgio Kauten SRL

Giorgio Kauten SRL 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

F.T.H. Finanz Trust Holding AG

Parent

 

 

 

 

 

 

Giorgio Kauten SRL

Subsidiary

Settimo Milanese, Milano

Italy

Apparel and Accessories

9.0

39

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Elena Cecchini

 

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

9.8

8.5

10.3

Net sales

9.0

8.7

10.1

Other operating income

0.4

0.1

0.2

Raw materials and consumables employed

4.8

3.8

5.3

Other expenses

3.4

3.4

3.9

Total payroll costs

2.0

2.1

1.8

Fixed asset depreciation and amortisation

0.1

0.1

0.1

Other operating costs

0.2

0.3

0.2

Net operating income

-0.8

-1.1

-0.9

Total financial income

0.0

0.1

-0.1

Total expenses

0.0

0.0

0.1

Profit before tax

-0.9

-1.1

-1.1

Extraordinary result

0.9

1.1

1.2

Profit after extraordinary items and before tax

0.0

0.0

0.1

Total taxation

0.0

0.0

0.0

Net profit

-

0.0

0.0

Net loss

0.0

-

-

 

 

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

0.2

0.3

0.3

Provision for risks

0.1

0.1

0.1

Provision for pensions

0.4

0.4

0.3

Mortgages and loans

0.4

0.5

-

Other long-term liabilities

0.2

1.1

2.5

Trade creditors

0.8

0.5

-

Bank loans and overdrafts

0.1

-

-

Other current liabilities

2.5

1.5

2.1

Accruals and deferred income

0.2

0.2

0.0

Total current liabilities

3.6

2.1

2.1

Total liabilities (including net worth)

5.0

4.5

5.3

Intangibles

0.1

0.2

0.2

Total tangible fixed assets

0.3

0.3

0.3

Receivables due after 1 year

0.0

0.0

0.2

Total non-current assets

0.4

0.5

0.6

Net stocks and work in progress

1.4

1.0

1.3

Trade debtors

2.2

1.4

-

Other receivables

0.0

0.2

2.0

Cash and liquid assets

0.3

0.7

0.9

Accruals

0.6

0.6

0.5

Total current assets

4.6

4.0

4.7

Total assets

5.0

4.5

5.3

 

 

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

1.30

1.90

2.20

Quick ratio

0.90

1.40

1.60

Current liabilities to net worth

0.15%

0.07%

0.08%

Sales per employee

0.17

0.15

0.28

Profit per employee

-

0.00

-

Average wage per employee

0.04

0.04

0.05

Net worth

0.2

0.3

0.3

Number of employees

39

43

-

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.50

UK Pound

1

Rs.77.74

Euro

1

Rs.65.19

 

 

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.