MIRA
INFORM REPORT
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Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
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Name : |
MONNALISA SPA |
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Registered Office : |
Via Marie Curie 7, Arezzo, 52100 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
27.09.1985 |
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Com. Reg. No.: |
01163300518 |
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Legal Form : |
Public Independent |
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Line of Business : |
Manufacture Of Other Men’s Outerwear; And Manufacture Of Other Women’s
Outerwear. |
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No. of Employees : |
58 |
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
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Monnalisa SpA |
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Employees: |
58 |
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Company Type: |
Public Independent |
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Incorporation
Date: |
27-Sep-1985 |
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Fiscal Year End: |
31-Dec-2010 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
48.4 |
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Total Assets: |
41.3 |
Business Description
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Monnalisa SpA 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: |
1822 - Manufacture of other outerwear |
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NAICS 2002: |
3152 - Cut and Sew Apparel Manufacturing |
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UK SIC 2003: |
1822 - Manufacture of other outerwear |
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US SIC 1987: |
2361 - Girls', Children's, and Infants'
Dresses, Blouses, and Shirts |
Key Executives
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News |
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Registered No.(ITA)
01163300518
Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
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Sales EUR(mil): |
36.6 |
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Assets EUR(mil): |
30.8 |
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Employees: |
58 |
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Fiscal Year End: |
31-Dec-2010 |
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Industry: |
Apparel and
Accessories |
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Incorporation Date: |
27-Sep-1985 |
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Company Type: |
Public
Independent |
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Quoted Status: |
Not Quoted |
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Registered No.(ITA): |
01163300518 |
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Member of the board: |
Pierangelo
Arcangioli |
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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 |
50.6 |
42.6 |
45.2 |
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Net sales |
48.4 |
42.6 |
43.5 |
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Other operating income |
1.0 |
0.7 |
0.5 |
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Raw materials and consumables employed |
17.7 |
14.9 |
15.8 |
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Other expenses |
21.1 |
19.3 |
19.0 |
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Total payroll costs |
2.6 |
2.6 |
3.3 |
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Fixed asset depreciation and amortisation |
1.2 |
1.0 |
0.8 |
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Other operating costs |
0.6 |
0.5 |
0.5 |
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Net operating income |
7.3 |
4.2 |
5.7 |
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Total financial income |
0.4 |
-0.1 |
-0.1 |
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Total expenses |
0.2 |
0.3 |
0.4 |
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Profit before tax |
7.6 |
3.9 |
5.2 |
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Extraordinary result |
-0.1 |
0.4 |
0.0 |
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Profit after extraordinary items and before tax |
7.5 |
4.3 |
5.2 |
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Total taxation |
2.6 |
1.3 |
1.8 |
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Net profit |
4.9 |
3.0 |
3.4 |
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 |
23.1 |
19.7 |
16.4 |
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Provision for risks |
0.2 |
0.6 |
0.5 |
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Provision for pensions |
0.5 |
0.5 |
0.7 |
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Mortgages and loans |
0.6 |
0.4 |
0.6 |
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Other long-term liabilities |
0.1 |
0.0 |
0.0 |
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Trade creditors |
10.2 |
10.1 |
8.7 |
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Bank loans and overdrafts |
0.4 |
2.6 |
1.2 |
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Other current liabilities |
6.2 |
4.2 |
3.5 |
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Accruals and deferred income |
- |
0.0 |
- |
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Total current liabilities |
16.7 |
17.0 |
13.5 |
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Total liabilities (including net worth) |
41.3 |
38.1 |
31.6 |
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Intangibles |
1.6 |
1.9 |
1.0 |
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Buildings |
5.0 |
5.4 |
5.1 |
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Total tangible fixed assets |
7.2 |
7.9 |
7.4 |
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Long-term investments |
0.4 |
0.5 |
0.0 |
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Total financial assets |
1.3 |
0.5 |
0.1 |
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Receivables due after 1 year |
0.1 |
0.2 |
0.2 |
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Total non-current assets |
10.3 |
10.4 |
8.6 |
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Finished goods |
9.6 |
9.0 |
9.5 |
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Net stocks and work in progress |
11.6 |
10.9 |
10.7 |
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Trade debtors |
12.4 |
10.8 |
8.9 |
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Other receivables |
2.8 |
3.5 |
1.6 |
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Cash and liquid assets |
4.0 |
2.2 |
1.5 |
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Accruals |
0.1 |
0.2 |
0.2 |
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Total current assets |
31.0 |
27.7 |
23.0 |
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Total assets |
41.3 |
38.1 |
31.6 |
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 |
1.90 |
1.60 |
1.70 |
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Quick ratio |
1.20 |
1.00 |
0.90 |
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Current liabilities to net worth |
0.01% |
0.01% |
0.01% |
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Sales per employee |
0.64 |
0.40 |
0.44 |
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Profit per employee |
0.10 |
0.04 |
0.05 |
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Average wage per employee |
0.04 |
0.02 |
0.03 |
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Net worth |
23.1 |
19.7 |
16.4 |
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Number of employees |
57 |
77 |
68 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.12 |
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1 |
Rs.79.37 |
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Euro |
1 |
Rs.66.00 |
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.