MIRA INFORM REPORT
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Report No. : |
345171 |
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Report Date : |
16.10.2015 |
IDENTIFICATION DETAILS
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Name : |
INDO LANKA S.R.L. |
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Registered Office : |
Via Cassia, 1691, 00123 – Roma (RM) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
03.04.2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employee : |
From 1 to 5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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.
ITALY - ECONOMIC OVERVIEW
Italy has a diversified economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. 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 132% of GDP in 2014, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and tax evasion. In 2014 economic growth and labor market conditions continued to deteriorate, with overall unemployment rising to 12.2% and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007 pre-crisis level.
|
Source
: CIA |
Company
name and address
INDO LANKA S.R.L.
Via Cassia, 1691,
00123 - Roma (RM)
-IT-
Summary
|
Fiscal Code |
: |
09453711005 |
|
Legal Form |
: |
Limited liability company |
|
Establishment Date |
: |
03/04/2007 |
|
Equity |
: |
125.000 |
|
Turnover Range |
: |
250.000/375.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Manufacture of condiments and spices
Retail sale of food, beverages and tobacco in specialised stores
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 09453711005 |
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Municipal Licence : 46140 of since 15/09/2010 |
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Chamber of Commerce no. : 1163657 of Roma since 10/04/2007 |
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V.A.T. Code : 09453711005 |
|
Establishment date |
: 03/04/2007 |
|
Legal duration |
: 31/12/2100 |
|
Nominal Capital |
: 100.000 |
|
Subscribed Capital |
: 100.000 |
|
Paid up Capital |
: 100.000 |
|
Legal mail |
: INDOLANKASRL@PEC.IT |
Members
|
Selladore |
Shanthilatha |
|
Born in Mudukatuwa |
( ) |
on 12/10/1972 |
- Fiscal Code : SLLSNT72R52Z209Q |
|
Residence: |
Cassia |
, 1691 |
- 00100 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
07/10/2009 |
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No Prejudicial events are reported |
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No Protests registered |
Companies
connected to members *
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are
listed.
The Members of the subject firm are not reported to be Members in other
companies.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Selladore Shanthilatha |
Roma - IT - |
SLLSNT72R52Z209Q |
97.000 .Eur |
97,00 |
|
Warnakulasuriya Mudiyanse Anura Susil Ku mara |
WRNNSS62D02Z209A |
3.000 .Eur |
3,00 |
Direct
Participations
The Company under review has no participations in other Companies.
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
Legal and operative seat |
|
Cassia |
, 1691 |
- 00100 |
- Roma |
(RM) |
- IT - |
|
Total Surface: 60 Sq.mt. |
|
Mob. Ph. |
: 393355226175 |
|
Legal mail |
: INDOLANKASRL@PEC.IT |
|
Branch |
(Shop) |
since 15/11/2010 |
|
Valle Della Storta |
, 14/14A |
- 00100 |
- Roma |
(RM) |
- IT - |
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Total Surface: 60 Sq.mt. |
|
Branch |
(Shop) |
since 21/07/2014 |
|
Valle Della Storta |
, 16-16/A |
- 00100 |
- Roma |
(RM) |
- IT - |
|
Total Surface: 50 Sq.mt. |
|
Employees |
: 2 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 4.000 |
Eur |
|
Stocks for a value of 310.000 |
Eur |
Protests
Protests checking on the subject firm has given a negative result.
Data
Base Prejudicial Events Search
Search performed on a National Scale
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
Legal
Procedures
None reported, standing to the latest received edition of the Official
Publications.
Financial
and Economical Analysis
Company's starting of activities dates back to 2007.
An eco-fin analysis has been made on the base od the b/s fo the years 2012,
2013 and 2014.
During the last years, it achieved profits (r.o.e. 1,18% on 2014) with a
good increase in turnover (+11,14% in 2014 compared to 2013 and +79,64% in 2013
compared to 2012).
The operating result in 2014 was positive (1,17%) and reflects the
field's average.
The operating result is positive and amounts to Eur. 4.230 showing a
fall as opposed to the previous year (-72,19%).
The gross operating margin of the latest financial year is of Eur. 6.340
showing a drop (-65,07%).
The analysis shows a fair financial position as the indebtedness volume
is acceptable (2,32) even though on the increase if compared to 2013.
It's shareholders funds amount to Eur. 105.270 on stable levels.
In the year 2014 total debts amounted to Eur. 256.189 with a growth
equal to 48,9%.
The exposure towards banks is slightly high, the recourse to suppliers'
credit is limited below field's average.
Payments are supported by good current assets.
Trade credits average terms are 24,68 days. , a value lower than the
sector's average.
The financial management generated a cash flow of Eur. 3.353.
Subordinate employment cost is of Eur. 15.676, i.e. 2,53% on total
production costs. , with a 4,91% incidence on turnover.
If compared to the sales volume (-0,85%), the impact of the financial
charges is limited.
Financial Data
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
318.952 |
|
Profit (Loss) for the period |
1.243 |
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
286.967 |
|
Profit (Loss) for the period |
1.524 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
159.742 |
|
Profit (Loss) for the period |
2.432 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
64.384 |
|
Profit (Loss) for the period |
-69.181 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
33.158 |
|
Profit (Loss) for the period |
-3.272 |
Balance Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
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- Balance Sheet as at 31/12/2014 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/12/2014 |
as at 31/12/2013 |
as at 31/12/2012 |
Sector Average |
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COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,01 |
0,01 |
0,00 |
0,19 |
|
Elasticity Ratio |
Units |
0,99 |
0,98 |
0,99 |
0,79 |
|
Availability of stock |
Units |
0,86 |
0,81 |
0,85 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,12 |
0,17 |
0,14 |
0,50 |
|
Quick Ratio |
Units |
0,01 |
0,06 |
0,01 |
0,06 |
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COMPOSITION ON
SOURCE |
|||||
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Net Short-term indebtedness |
Units |
2,32 |
1,48 |
0,30 |
4,55 |
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Self Financing Ratio |
Units |
0,29 |
0,38 |
0,76 |
0,14 |
|
Capital protection Ratio |
Units |
0,04 |
0,02 |
0,50 |
0,39 |
|
Liabilities consolidation quotient |
Units |
0,03 |
n.c. |
n.c. |
0,15 |
|
Financing |
Units |
2,43 |
1,65 |
0,31 |
5,97 |
|
Permanent Indebtedness Ratio |
Units |
0,31 |
0,38 |
0,76 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,02 |
n.c. |
n.c. |
0,10 |
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Net Financial Indebtedness Ratio |
Units |
2,00 |
n.c. |
n.c. |
0,45 |
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CORRELATION |
|||||
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Fixed assets ratio |
Units |
25,74 |
29,60 |
160,37 |
1,35 |
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Current ratio |
Units |
1,44 |
1,58 |
4,16 |
1,07 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,18 |
0,28 |
0,59 |
0,75 |
|
Structure's primary quotient |
Units |
23,79 |
29,60 |
160,37 |
0,81 |
|
Treasury's primary quotient |
Units |
0,01 |
0,10 |
0,03 |
0,08 |
|
Rate of indebtedness ( Leverage ) |
% |
343,55 |
265,38 |
131,31 |
715,12 |
|
Current Capital ( net ) |
Value |
109.111 |
99.185 |
202.202 |
15.290 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,05 |
1,56 |
3,35 |
1,88 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
1,18 |
1,46 |
1,19 |
5,06 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
1,18 |
11,88 |
1,19 |
16,32 |
|
Return on Investment ( R.O.I. ) |
% |
1,17 |
5,51 |
1,65 |
3,05 |
|
Return/ Sales |
% |
1,33 |
5,30 |
2,78 |
2,01 |
|
Extra Management revenues/charges incid. |
% |
29,39 |
10,02 |
54,74 |
33,55 |
|
Cash Flow |
Value |
3.353 |
4.466 |
5.355 |
16.674 |
|
Operating Profit |
Value |
4.230 |
15.211 |
4.443 |
19.765 |
|
Gross Operating Margin |
Value |
6.340 |
18.153 |
7.366 |
36.810 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
24,68 |
n.c. |
n.c. |
61,19 |
|
Debts to suppliers average term |
Days |
29,34 |
n.c. |
n.c. |
109,29 |
|
Average stock waiting period |
Days |
352,21 |
279,88 |
514,60 |
36,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,88 |
1,04 |
0,59 |
1,67 |
|
Rate of stock return |
Units |
1,02 |
1,29 |
0,70 |
9,77 |
|
Labour cost incidence |
% |
4,91 |
1,67 |
8,20 |
7,79 |
|
Net financial revenues/ charges incidence |
% |
-0,85 |
-0,68 |
-1,25 |
-0,67 |
|
Labour cost on purchasing expenses |
% |
2,53 |
0,97 |
3,48 |
7,79 |
|
Short-term financing charges |
% |
1,06 |
1,14 |
3,15 |
1,83 |
|
Capital on hand |
% |
113,39 |
96,20 |
168,09 |
59,73 |
|
Sales pro employee |
Value |
339.394 |
|||
|
Labour cost pro employee |
Value |
30.098 |
Remarks
1) Protests checking (relative to the last five years) performed by
crossing and matching the members names and the Firm's Style with the reported
addresses, is supplied by the Informatic Registry managed by the Italian
Chamber of Commerce. If the fiscal code is not indicated, the eventual
homonymous cases are submitted to expert staff evaluation in order to limit
wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the
Italian Chamber of Commerce, are in line with the last registered
modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
Market
/ Territory Data
|
Population living in the province |
: |
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Population living in the region |
: |
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Number of families in the region |
: |
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Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
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- per non food products |
: |
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- per energy consume |
: |
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Sector
Data
The values are calculated on a base of 704 significant companies.
The companies cash their credits on an average of 61 dd.
The average duration of suppliers debts is about 109 dd.
The sector's profitability is on an average of 1,88%.
The labour cost affects the turnover in the measure of 7,79%.
Goods are held in stock in a range of 36 dd.
The difference between the sales volume and the resources used to
realize it is about 1,67.
The employees costs represent the 7,79% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 53.924 protested subjects are found; in the province they
count to 34.465.
The insolvency index for the region is 1,04, , while for the province it
is 0,92.
Total Bankrupt companies in the province : 31.914.
Total Bankrupt companies in the region : 37.442.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.82 |
|
|
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.74.50 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ASH |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.