MIRA INFORM REPORT

 

 

Report Date :

21.02.2014

 

IDENTIFICATION DETAILS

 

Name :

INDIA TRADING SRL 

 

 

Registered Office :

Via Figino 48/A, Pero, 20016

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

12.10.2000

 

 

Com. Reg. No.:

13248320155

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

engaged in credit reporting and collection agency activities; speciality design activities; activities of exhibition and fair organisers & activities of conference organisers

 

 

No. of Employees :

04 (31.12.2012)

 

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 :

Slow

 

 

Litigation :

Clear

 

 

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

 

India Trading SRL

Via Figino 48/A

Pero, 20016

Italy

 

Tel:       +39 0233 913126

Fax:      +39 0233 915163

 

 

Synthesis  

 

Employees:                 04 (31.12.2012)

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent: Meera Beers U.K. Ltd

Incorporation Date:        12-Oct-2000     

Financials in:                USD (Millions)

Fiscal Year End:            31-Dec-2012

Reporting Currency:       Euro

Annual Sales:               3.3

Total Assets:                1.8

 

Business Description     

 

India Trading SRL is primarily engaged in credit reporting and collection agency activities; speciality design activities; activities of exhibition and fair organisers & activities of conference organisers.

 

Industry

Industry                        Miscellaneous Professional Services

ANZSIC 2006:   6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified

ISIC Rev 4:        8299 - Other business support service activities n.e.c.

NACE Rev 2:     8299 - Other business support service activities n.e.c.

NAICS 2012:     561990 - All Other Support Services

UK SIC 2007:    8299 - Other business support service activities n.e.c.

US SIC 1987:    7389 - Business Services, Not Elsewhere Classified

 

 

Key Executives   

 

Name

Title

Charles Adam Cleary

President

Jean - Claude Patric Cramley

Member of the board

Rajiv Kumar

Member of the board

Kumar Mahesh

Member of the board

Fabiola Raffa

Member of the board

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566

 

 

Corporate Overview

 

Location

Via Figino 48/A

Pero, 20016

Italy

Tel:       +39 0233 913126

Fax:      +39 0233 915163

           

Sales EUR(mil):             2.6

Assets EUR(mil):           1.4

Employees:                  04 (31.12.2012)

Fiscal Year End:            31-Dec-2012

Industry:                       Business Services

Incorporation Date:        12-Oct-2000

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(ITA):      13248320155

President:                     Charles Adam Cleary

 

Industry Codes

ANZSIC 2006 Codes:

6999     -          Other Professional, Scientific and Technical Services Not Elsewhere Classified

360       -          Grocery, Liquor and Tobacco Product Wholesaling

 

ISIC Rev 4 Codes:

8299     -          Other business support service activities n.e.c.

4630     -          Wholesale of food, beverages and tobacco

 

NACE Rev 2 Codes:

8299     -          Other business support service activities n.e.c.

4638     -          Wholesale of other food, including fish, crustaceans and molluscs

 

NAICS 2012 Codes:

561990  -          All Other Support Services

424460  -          Fish and Seafood Merchant Wholesalers

 

US SIC 1987:

7389     -          Business Services, Not Elsewhere Classified

514       -          Groceries and Related Products

 

UK SIC 2007:

8299     -          Other business support service activities n.e.c.

4638     -          Wholesale of other food, including fish, crustaceans and molluscs

 

Business Description

India Trading SRL is primarily engaged in credit reporting and collection agency activities; speciality design activities; activities of exhibition and fair organisers & activities of conference organisers.

 

Financial Data

Financials in:

EUR(mil)

Revenue:

2.6

Assets:

1.4

Current Assets:

1.3

Total Liabilities:

1.4

Net Worth:

0.2

Date of Financial Data:

31-Dec-2012

1 Year Growth

12.3%

NA

Key Corporate Relationships

Bank:

Banca Sella Ag, Ubi Banca Popolare di Bergamo Ag

 

 

 

 

 

Corporate Family

Corporate Structure News:

Meera Beers U.K. Ltd
India Trading SRL

India Trading SRL 
Total Corporate Family Members: 2 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Meera Beers U.K. Ltd

Parent

Windsor

United Kingdom

Miscellaneous Personal Services

 

India Trading SRL

Subsidiary

Pero, Milano

Italy

Miscellaneous Professional Services

3.3

4

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Jean - Claude Patric Cramley

Member of the board

Director/Board Member

 

Rajiv Kumar

Member of the board

Director/Board Member

 

Kumar Mahesh

Member of the board

Director/Board Member

 

Fabiola Raffa

Member of the board

Director/Board Member

 

 

 

 

 

Executives

 

Name

Title

Function

Charles Adam Cleary

President

President

 

 

 

Annual Profit & Loss

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.778237

0.71919

0.755078

Consolidated

No

No

No

 

 

 

 

Total income

3.3

3.2

2.2

Net sales

3.3

3.2

2.2

Other operating income

0.0

0.0

0.0

Raw materials and consumables employed

2.3

2.3

1.6

Other expenses

0.6

0.6

0.4

Total payroll costs

0.1

0.2

0.1

Fixed asset depreciation and amortisation

0.0

0.0

0.0

Other operating costs

0.1

0.1

0.0

Net operating income

0.1

0.1

0.1

Total financial income

0.0

0.0

0.0

Total expenses

0.1

0.1

0.0

Profit before tax

0.0

0.0

0.0

Extraordinary result

-

-

0.0

Profit after extraordinary items and before tax

0.0

0.0

0.0

Total taxation

0.0

0.0

0.0

Net profit

0.0

0.0

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.7566

0.770327

0.745406

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

0.3

0.1

0.1

Provision for pensions

0.0

0.0

0.0

Other long-term liabilities

0.1

0.4

0.2

Trade creditors

0.6

-

-

Bank loans and overdrafts

0.6

-

-

Other current liabilities

0.3

1.2

1.1

Total current liabilities

1.5

1.2

1.1

Total liabilities (including net worth)

1.8

1.7

1.5

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.0

0.0

0.0

Total financial assets

0.0

0.0

0.0

Receivables due after 1 year

0.0

0.0

0.0

Total non-current assets

0.2

0.1

0.1

Net stocks and work in progress

0.7

0.6

0.6

Trade debtors

0.8

0.8

0.7

Other receivables

-

0.0

0.0

Cash and liquid assets

0.2

0.1

0.0

Marketable securities

0.0

0.0

0.0

Accruals

0.0

0.0

0.0

Total current assets

1.7

1.6

1.3

Total assets

1.8

1.7

1.5

 

Annual Ratios

 

Financials in: USD (mil)

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.7566

0.770327

0.745406

Consolidated

No

No

No

 

 

 

 

Current ratio

1.10

1.30

1.20

Quick ratio

0.60

0.80

0.70

Current liabilities to net worth

0.06%

0.10%

0.09%

Sales per employee

0.64

-

0.55

Profit per employee

0.01

-

-

Average wage per employee

0.03

-

0.03

Net worth

0.3

0.1

0.1

Number of employees

4

-

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.28

UK Pound

1

Rs.103.84

Euro

1

Rs.85.70

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.