MIRA
INFORM REPORT
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Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
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Name : |
LA PERLA SRL |
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Registered Office : |
Via Del Fonditore 12 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
19.07.2007 |
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Com. Reg. No.: |
02768021202 |
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Legal Form : |
Private Parent |
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Line of Business : |
Manufacture of underwear |
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No. of Employees : |
931 |
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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
La Perla Srl
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Business Description
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LA PERLA SRL is primarily engaged in manufacture of other men’s
outerwear; and manufacture of other women’s outerwear. |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
1351 - Clothing Manufacturing |
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NACE 2002: |
1823 - Manufacture of underwear |
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NAICS 2002: |
315231 - Women's and Girls' Cut and Sew
Lingerie, Loungewear, and Nightwear Manufacturing |
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18232 - Manufacture of women's underwear |
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US SIC 1987: |
2342 - Brassieres, Girdles, and Allied
Garments |
Key Executives
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News
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1 - Profit & Loss
Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Bologna, BO |
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Apparel and Accessories |
126.2 |
931 |
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Subsidiary |
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Apparel and Accessories |
6.2 |
183 |
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Subsidiary |
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Apparel and Accessories |
1.0 |
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Executives Report
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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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
126.3 |
148.4 |
213.1 |
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Net sales |
126.2 |
151.4 |
212.4 |
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Other operating income |
2.6 |
7.0 |
3.6 |
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Raw materials and consumables employed |
56.1 |
41.7 |
64.6 |
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Other expenses |
51.1 |
56.1 |
83.3 |
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Total payroll costs |
27.6 |
34.8 |
49.2 |
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Fixed asset depreciation and amortisation |
18.2 |
8.3 |
10.5 |
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Other operating costs |
0.7 |
0.7 |
0.9 |
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Net operating income |
-27.3 |
6.8 |
4.5 |
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Total financial income |
1.3 |
1.5 |
1.4 |
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Total expenses |
5.7 |
5.4 |
7.1 |
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Profit before tax |
-31.7 |
2.9 |
-1.2 |
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Extraordinary result |
-19.2 |
-22.2 |
-22.1 |
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Profit after extraordinary items and before tax |
-50.9 |
-19.3 |
-23.3 |
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Total taxation |
10.9 |
-0.6 |
-15.4 |
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Net loss |
61.8 |
18.7 |
7.9 |
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Annual Balance
Sheet |
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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 |
61.7 |
128.7 |
129.5 |
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Provision for risks |
36.1 |
24.2 |
22.9 |
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Provision for pensions |
19.7 |
20.1 |
19.3 |
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Mortgages and loans |
41.6 |
40.2 |
47.3 |
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Other long-term liabilities |
18.4 |
1.5 |
1.8 |
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Trade creditors |
42.5 |
32.4 |
25.4 |
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Bank loans and overdrafts |
28.9 |
56.3 |
55.0 |
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Other current liabilities |
20.4 |
16.0 |
16.7 |
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Accruals and deferred income |
0.6 |
0.8 |
1.2 |
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Total current liabilities |
92.4 |
105.5 |
98.3 |
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Total liabilities (including net worth) |
270.0 |
320.2 |
319.1 |
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Intangibles |
98.2 |
110.6 |
112.5 |
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Total tangible fixed assets |
4.8 |
6.2 |
7.9 |
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Long-term investments |
4.4 |
4.3 |
4.4 |
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Total financial assets |
22.7 |
14.9 |
9.2 |
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Receivables due after 1 year |
6.1 |
5.0 |
3.4 |
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Loans to associated companies |
17.0 |
9.1 |
3.1 |
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Total non-current assets |
131.8 |
136.8 |
133.0 |
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Finished goods |
37.4 |
41.1 |
51.0 |
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Net stocks and work in progress |
46.8 |
54.7 |
63.0 |
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Trade debtors |
25.6 |
50.6 |
50.0 |
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Other receivables |
63.9 |
76.0 |
70.3 |
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Cash and liquid assets |
1.3 |
1.6 |
1.6 |
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Marketable securities |
0.1 |
0.1 |
0.3 |
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Accruals |
0.5 |
0.4 |
0.8 |
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Total current assets |
138.2 |
183.4 |
186.1 |
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Total assets |
270.0 |
320.2 |
319.1 |
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Annual Ratios |
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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 |
1.50 |
1.70 |
1.90 |
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Quick ratio |
1.00 |
1.20 |
1.30 |
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Current liabilities to net worth |
0.02% |
0.01% |
0.01% |
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Sales per employee |
0.10 |
0.11 |
0.13 |
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Profit per employee |
-0.04 |
-0.01 |
-0.01 |
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Average wage per employee |
0.02 |
0.03 |
0.03 |
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Net worth |
61.7 |
128.7 |
129.5 |
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Number of employees |
925 |
949 |
1,104 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.86 |
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1 |
Rs.87.93 |
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Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
-- |
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.