MIRA
INFORM REPORT
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Report Date : |
03.06.2013 |
IDENTIFICATION DETAILS
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Name : |
MEDI SRL |
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Registered Office : |
Via Di Tor Cervara 285/C, Roma, 00155 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
03.04.2006 |
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Com. Reg. No.: |
08956551009 |
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Legal Form : |
Private Independent |
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Line of Business : |
Subject is engaged in retail sale by confectioners,
tobacconists and newsagents (CTNs); retail sale in non-specialised stores
(excluding CTNs) holding an alcohol licence, with food, beverages or tobacco
predominating; and retail sale in non-specialised stores (excluding CTNs) not
holding an alcohol licence, with food, beverages or tobacco predominating. |
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No. of Employees : |
26 |
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 – March, 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
ITALY - ECONOMIC OVERVIEW
Italy has a diversified industrial economy, which is divided
into a developed industrial north, dominated by private companies, and a
less-developed, highly subsidized, agricultural south, where unemployment is
high. The Italian economy is driven in large part by the manufacture of high-quality
consumer goods produced by small and medium-sized enterprises, many of them
family-owned. Italy also has a sizable underground economy, which by some
estimates accounts for as much as 17% of GDP. These activities are most common
within the agriculture, construction, and service sectors. Italy is the
third-largest economy in the euro-zone, but its exceptionally high public debt
and structural impediments to growth have rendered it vulnerable to scrutiny by
financial markets. Public debt has increased steadily since 2007, topping 126%
of GDP in 2012, and investor concerns about the broader euro-zone crisis at
times have caused borrowing costs on sovereign government debt to rise to
euro-era. During the second half of 2011 the government passed three austerity
packages to reduce its budget deficit and help bring down borrowing costs.
These measures included a hike in the value-added tax, pension reforms, and
cuts to public administration. The government also faces pressure from
investors and European partners to sustain its recent efforts to address
Italy's long-standing structural impediments to growth, such as labor market
inefficiencies and widespread tax evasion. In 2012 economic growth and labor
market conditions deteriorated, with growth at -2.3% and unemployment rising to
nearly 11%, with youth unemployment around 35%. The government has undertaken
several reform initiatives designed to increase long-term economic growth.
Italy's GDP is now 7% below its 2007 pre-crisis level.
|
Source
: CIA |
COMPANY NAME & ADDRESS
Medi SRL
Via Di Tor Cervara 285/C
Roma, 00155
Italy
Tel: +39
06 225841
Fax: +39
06 2281053
Employees: 26
Company Type: Private Independent
Incorporation Date: 03-Apr-2006
Financials in: USD (mil)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: 12.8
Total Assets: 5.1
Business Description
Medi SRL is primarily engaged in retail sale by confectioners,
tobacconists and newsagents (CTNs); retail sale in non-specialised stores
(excluding CTNs) holding an alcohol licence, with food, beverages or tobacco
predominating; and retail sale in non-specialised stores (excluding CTNs) not
holding an alcohol licence, with food, beverages or tobacco predominating.
Industry
Industry Retail (Grocery)
ANZSIC 2006: 4279 - Other Store-Based Retailing
Not Elsewhere Classified
NACE 2002: 5211 - Retail sale in
non-specialised stores with food, beverages or tobacco predominating
NAICS 2002: 4451 - Grocery Stores
UK SIC 2003: 5211 - Retail sale in non-specialised
stores with food, beverages or tobacco predominating
UK SIC 2007: 4711 - Retail sale in
non-specialised stores with food, beverages or tobacco predominating
US SIC 1987: 5331 - Variety Stores
Key Executives
Name Title
Mario Cacciuni Sole administrator
Registered No.(ITA)
08956551009
1 - Profit & Loss Item Exchange Rate: USD
1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 =
EUR 0.770327
CORPORATE OVERVIEW
Location
Via Di Tor Cervara 285/C
Roma, 00155
Italy
Tel: +39
06 225841
Fax: +39 06
2281053
Sales EUR(mil): 9.2
Assets EUR(mil): 3.9
Employees: 26
Fiscal Year End: 31-Dec-2011
Industry: Retail (Grocery)
Incorporation Date: 03-Apr-2006
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(ITA): 08956551009
Sole administrator: Mario Cacciuni
Industry
Codes
ANZSIC 2006 Codes:
4279 - Other
Store-Based Retailing Not Elsewhere Classified
NACE 2002 Codes:
5211 - Retail
sale in non-specialised stores with food, beverages or tobacco predominating
NAICS 2002 Codes:
4451 - Grocery
Stores
US SIC 1987:
5331 - Variety
Stores
UK SIC 2003:
5211 - Retail
sale in non-specialised stores with food, beverages or tobacco predominating
UK SIC 2007:
4711 - Retail
sale in non-specialised stores with food, beverages or tobacco predominating
Business
Description
Medi SRL is primarily engaged in retail sale
by confectioners, tobacconists and newsagents (CTNs); retail sale in non-specialised
stores (excluding CTNs) holding an alcohol licence, with food, beverages or
tobacco predominating; and retail sale in non-specialised stores (excluding
CTNs) not holding an alcohol licence, with food, beverages or tobacco
predominating.
Financial
Data
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Executives REPORT
Executives
Name: Mario Cacciuni
Title: Sole
administrator
Function: President
Annual
Profit & Loss
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
12.8 |
11.4 |
12.5 |
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Net sales |
12.8 |
11.4 |
12.5 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Raw materials and consumables employed |
10.4 |
9.5 |
10.3 |
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Other expenses |
0.9 |
0.8 |
1.1 |
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Total payroll costs |
1.0 |
0.8 |
0.9 |
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Fixed asset depreciation and amortisation |
0.3 |
0.2 |
0.1 |
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Other operating costs |
0.1 |
0.0 |
0.0 |
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Net operating
income |
0.1 |
0.1 |
0.0 |
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Total financial
income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.0 |
0.0 |
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Profit before tax |
0.1 |
0.1 |
0.0 |
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Extraordinary result |
-0.1 |
-0.1 |
0.0 |
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Profit after extraordinary items and
before tax |
0.0 |
0.0 |
0.0 |
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Total taxation |
- |
- |
0.0 |
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Net profit |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Total
stockholders equity |
0.1 |
0.1 |
0.1 |
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Provision for pensions |
0.1 |
0.1 |
0.0 |
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Trade creditors |
0.3 |
0.2 |
0.2 |
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Bank loans and overdrafts |
0.0 |
0.0 |
0.0 |
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Other current liabilities |
4.6 |
5.0 |
5.2 |
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Total current
liabilities |
4.9 |
5.2 |
5.4 |
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Total
liabilities (including net worth) |
5.1 |
5.4 |
5.5 |
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Intangibles |
0.6 |
0.8 |
0.8 |
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Total tangible
fixed assets |
0.4 |
0.5 |
0.5 |
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Total financial
assets |
0.5 |
0.5 |
0.5 |
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Total
non-current assets |
1.5 |
1.8 |
1.9 |
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Net stocks and work in progress |
1.0 |
1.0 |
1.1 |
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Trade debtors |
0.4 |
0.3 |
0.0 |
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Other receivables |
0.0 |
0.0 |
0.2 |
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Cash and liquid assets |
2.1 |
2.2 |
2.3 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current
assets |
3.6 |
3.6 |
3.6 |
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Total assets |
5.1 |
5.4 |
5.5 |
Annual Ratios
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
0.70 |
0.70 |
0.70 |
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Quick ratio |
0.50 |
0.50 |
0.50 |
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Current liabilities to net worth |
0.81% |
0.96% |
1.07% |
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Sales per employee |
- |
- |
0.38 |
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Average wage per employee |
- |
- |
0.03 |
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Net worth |
0.1 |
0.1 |
0.1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.56.50 |
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|
1 |
Rs.86.00 |
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Euro |
1 |
Rs.73.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.