|
|
|
MIRA INFORM REPORT
|
Report No. : |
494000 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
INDIA TRADING S.R.L. |
|
|
|
|
Registered Office : |
Via Figino, 48/A 20016 –
Pero (MI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
12.10.2000 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
·
Manufacture of condiments and spices ·
Wholesale of food, beverages and tobacco ·
Retail sale of macrobiotic and dietary
products |
|
|
|
|
No. of Employees : |
from 6 to 10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
Eur. 110.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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’s economy compromises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. 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, reaching 131% of GDP in 2017. 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 records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural economic problems, including labor market inefficiencies, a sluggish judicial system, and a weak banking sector. Italy’s economy returned to modest growth in late 2014 for the first time since 2011. In 2015-16, Italy’s economy grew at about 1% each year, and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.
|
Source
: CIA |
Company
name and address
India Trading S.r.l.
Via Figino, 48/A
20016 - Pero (MI) -IT-
Summary
|
Fiscal Code |
: |
13248320155 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
18/04/2001 |
|
Equity |
: |
500.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
fom 6 to 10 |
Activity
Manufacture of condiments and spices
Wholesale of food, beverages and tobacco
Retail sale of macrobiotic and dietary products
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 13248320155 |
|
Foreign Trade Reg. no. : MI339487 since 17/03/2004 |
|
Foreign Trade Reg. no. : 339487 of Milano since 17/03/2004 |
|
Chamber of Commerce no. : 1633251 of Milano since 12/12/2000 |
|
Firms' Register : MI-2000-283627 of Milano since 12/12/2000 |
|
V.A.T. Code : 13248320155 |
|
Establishment date |
: 12/10/2000 |
|
|
Start of Activities |
: 18/04/2001 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 90.000 |
|
|
Subscribed Capital |
: 90.000 |
|
|
Paid up Capital |
: 90.000 |
|
Legal mail : |
INDIATRADING@LEGALMAIL.IT |
Members
|
|
Raffa |
Fabiola |
|
|
Born in Como |
(CO) |
on 01/08/1965 |
- Fiscal Code : RFFFBL65M41C933N |
|
|
Residence: |
Raffaello Sanzio |
, 8 |
- 20016 |
Pero |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2011 |
|
|
Mahesh |
Kumar |
|
|
Born in Sahnetal |
( ) |
on 15/08/1964 |
- Fiscal Code : MHSKMR64M15Z222O |
|
|
Residence: |
Castaldi Panfilo |
, 32 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2011 |
||
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cleary |
Charles Adam |
|
|
Born in Beckenham |
( ) |
on 07/11/1962 |
- Fiscal Code : CLRCRL62S07Z114W |
|
|
Residence: |
Marco Greppi |
, 5 |
- 20135 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
29/04/2011 |
||
|
Director |
29/04/2011 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Kumar |
Rajiv |
|
|
Born in Ghandawal |
( ) |
on 30/09/1976 |
- Fiscal Code : KMRRJV76P30Z222S |
|
|
Residence: |
Raffaello Sanzio |
, 8 |
- 20016 |
Pero |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2011 |
|
|
Kumar |
Ravi |
|
|
Born in V. Talwandi Kalan |
( ) |
on 01/05/1977 |
- Fiscal Code : KMRRVA77E01Z222P |
|
|
Residence: |
Raffaello Sanzio |
, 8 |
- 20016 |
Pero |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2011 |
|
|
Cramley |
Jean - Claude Patrice |
|
|
Born in Londra |
( ) |
on 15/07/1960 |
- Fiscal Code : CRMJCL60L15Z114D |
|
|
Residence: |
Raffaello Sanzio |
, 8 |
- 20016 |
Pero |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2011 |
|
|
Meera Beers Uk Limited |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Protests registered |
Companies
connected to members *
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
Cleary |
Charles Adam |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Rangoli Ristorante S.r.l. |
Padova (PD) - IT - |
03312300969 |
Director |
Withdrawn |
Registered |
|
Rangoli Ristorante S.r.l. |
Padova (PD) - IT - |
03312300969 |
Board Chairman |
Withdrawn |
Registered |
|
Quarto Geronimo Real Estate S.r.l. |
Milano (MI) - IT - |
06083510963 |
Sole Director |
Withdrawn |
Registered |
|
SPORTS BAR S.R.L. |
Garbagnate Milanese (MI) - IT - |
13247520151 |
Board Chairman |
Withdrawn |
Registered |
|
Its Srl |
Milano (MI) - IT - |
09597450965 |
Sole Director |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer
to Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Mahesh Kumar |
Milano - IT - |
MHSKMR64M15Z222O |
23.400 .Eur |
26,00 |
|
Kumar Rajiv |
Pero - IT - |
KMRRJV76P30Z222S |
9.000 .Eur |
10,00 |
|
Kumar Ravi |
Pero - IT - |
KMRRVA77E01Z222P |
9.000 .Eur |
10,00 |
|
Meera Beers Uk Limited |
48.600 .Eur |
54,00 |
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 |
|
Figino |
, 48/A |
- 20016 |
- Pero |
(MI) |
- IT - |
|
PHONE |
: 02 33919924 |
|
Legal mail |
: INDIATRADING@LEGALMAIL.IT |
|
- |
Legal and operative seat |
until 05/01/2013 |
|
Raffaello Sanzio |
, 8 |
- 20016 |
- Pero |
(MI) |
- IT - |
|
PHONE |
: 0233913126 |
|
FAX |
: 0233915163 |
|
Employees |
: 6 |
|
Fittings and Equipment for a value of 180.000 |
Eur |
|
Stocks for a value of 610.000 |
Eur |
The firm has a direct commercial organization
Sales are on a local scale.
Import comes generally from the following nations:
|
- Cina |
|
- India |
Historical Information and/or Firm's Status
---
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA REGIONALE EUROPEA |
Agenzia di Milano |
(MI) |
||||
|
BANCA POPOLARE COMMERCIO INDUSTRIA |
Milano Via Pisanello 2/a |
National
Real Estates Survey
|
The requested subject is not present c/o the CADASTRE OFFICES. |
All responsibilities are declined
regarding any possible omissions concerning the given results. Therefore, we
advise to request for "Hypothecating Survey Inspection" c/o the
locally competent RR.II. Immovables Registry, as this service doesn't fully
guarantees the actual title of the Real Estates of the requested Subject.
Financial
and Economical Analysis
The company is active since 2001
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years, it recorded positive net results (r.o.e.
6,91% in 2016) thanks to a progressive increase in turnover (+14,65% in 2016
compared to 2015 and +16,41% in 2015 compared to 2014).
The operating result was positive in the last financial year
(4,37%) and in line with the sector's average.
The operating result is positive and amounts to Eur. 81.677 with a
-33,71% drop.
During the latest financial year the
gross operating margin amounted to Eur. 101.398 showing a downward trend as
opposed to the previous year.
The financial status of the company is fairly balanced with an
indebtedness level of 3,16 even though on the increase if compared to 2015.
Subject can manage an equity capital funds for an amount of Eur.
406.035 on the same levels as the year before.
Eur. 1.446.561 is the amount of total debts, both commercial and
of different nature, while during the financial year 2015 the amount was equal
to Eur. 1.044.532.
Current liquid assets is positive.
During financial year 2016 the cash flow amounted to Eur. 47.778
Subordinate employment cost is of Eur. 207.479, i.e. 4,85% on
total production costs. , with a 4,81% incidence on turnover.
The financial management has a limited economic impact, equal to
-0,83% on the sales.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.309.969 |
|
Profit (Loss) for the period |
28.057 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.759.082 |
|
Profit (Loss) for the period |
737 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.229.055 |
|
Profit (Loss) for the period |
3.974 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.999.026 |
|
Profit (Loss) for the period |
2.470 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.575.249 |
|
Profit (Loss) for the period |
8.535 |
Balance
Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2016 - 12 Mesi - Currency: - Amounts
x 1 |
|
- Balance Sheet as at 31/12/2015 - 12 Mesi - Currency: - Amounts
x 1 |
|
- Balance Sheet as at 31/12/2014 - 12 Mesi - Currency: - Amounts
x 1 |
|
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|
RATIOS
|
RATIOS |
Value Type |
as at 31/12/2016 |
as at 31/12/2015 |
as at 31/12/2014 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,09 |
0,08 |
0,10 |
0,13 |
|
Elasticity Ratio |
Units |
0,90 |
0,92 |
0,89 |
0,85 |
|
Availability of stock |
Units |
0,33 |
0,36 |
0,36 |
0,16 |
|
Total Liquidity Ratio |
Units |
0,58 |
0,55 |
0,53 |
0,62 |
|
Quick Ratio |
Units |
0,13 |
0,12 |
0,08 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
3,16 |
2,55 |
3,11 |
5,02 |
|
Self Financing Ratio |
Units |
0,22 |
0,25 |
0,23 |
0,13 |
|
Capital protection Ratio |
Units |
0,71 |
0,76 |
0,75 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,02 |
0,01 |
0,10 |
|
Financing |
Units |
3,56 |
2,76 |
3,22 |
6,17 |
|
Permanent Indebtedness Ratio |
Units |
0,23 |
0,27 |
0,24 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,02 |
0,01 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
1,61 |
0,54 |
1,16 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,41 |
3,50 |
2,35 |
1,57 |
|
Current ratio |
Units |
1,17 |
1,32 |
1,21 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,74 |
0,80 |
0,72 |
0,85 |
|
Structure's primary quotient |
Units |
2,31 |
3,30 |
2,26 |
0,96 |
|
Treasury's primary quotient |
Units |
0,17 |
0,18 |
0,11 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
460,70 |
396,51 |
438,49 |
743,68 |
|
Current Capital ( net ) |
Value |
239.367 |
332.229 |
256.385 |
70.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,11 |
0,42 |
0,84 |
1,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
6,91 |
0,19 |
1,05 |
6,68 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
11,25 |
5,29 |
2,96 |
19,39 |
|
Return on Investment ( R.O.I. ) |
% |
4,37 |
8,22 |
21,79 |
3,84 |
|
Return/ Sales |
% |
1,90 |
3,28 |
11,16 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
34,35 |
0,60 |
1,10 |
28,56 |
|
Cash Flow |
Value |
47.778 |
15.624 |
26.969 |
48.046 |
|
Operating Profit |
Value |
81.677 |
123.228 |
360.420 |
59.910 |
|
Gross Operating Margin |
Value |
101.398 |
138.115 |
383.415 |
99.701 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
56,35 |
79,41 |
86,56 |
|
Debts to suppliers average term |
Days |
n.c. |
24,32 |
101,54 |
100,32 |
|
Average stock waiting period |
Days |
50,95 |
52,23 |
66,89 |
31,97 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,30 |
2,51 |
1,95 |
1,82 |
|
Rate of stock return |
Units |
7,07 |
6,89 |
5,38 |
11,18 |
|
Labour cost incidence |
% |
4,81 |
3,70 |
3,66 |
5,95 |
|
Net financial revenues/ charges incidence |
% |
-0,83 |
-2,71 |
-1,49 |
-0,81 |
|
Labour cost on purchasing expenses |
% |
4,85 |
3,82 |
4,12 |
5,95 |
|
Short-term financing charges |
% |
2,50 |
11,66 |
3,96 |
2,18 |
|
Capital on hand |
% |
43,40 |
39,87 |
51,23 |
54,67 |
|
Sales pro employee |
Value |
718.328 |
939.770 |
1.076.352 |
507.074 |
|
Labour cost pro employee |
Value |
34.579 |
34.773 |
39.445 |
32.650 |
Credit
Opinion
On the basis of the above mentioned, and the sales volume
obtained, we deem that the maximum exposure for short and medium term
transactions ( 90 - 120 days ) could be of:
110.000
Eur.
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 |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector
Data
The values are calculated on a base of 5.101 significant companies.
The companies cash their credits on an average of 87 dd.
The average duration of suppliers debts is about 100 dd.
The sector's profitability is on an average of 1,66%.
The labour cost affects the turnover in the measure of 5,95%.
Goods are held in stock in a range of 32 dd.
The difference between the sales volume and the resources used to
realize it is about 1,82.
The employees costs represent the 5,95% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity passes through serious crises.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province
they count to 24.765.
The insolvency index for the region is 0,55, , while for the
province it is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
Euro |
1 |
INR 80.21 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.