Solution:

Let the vertices of the triangle be A (0, -1), B (2, 1), C (0, 3).
Let D, E, F be the mid-points of the sides of this triangle. Coordinates of D, E, and F are given by
D = (0+2/2 , -1+1/2) = (1,0)
E = (0+0/2 , -3-1/2) = (0,1)
F = (2+0/2 , 1+3/2) = (1,2)
Area of a triangle = 1/2 {x1 (y2 - y3) + x2 (y3 - y1) + x3 (y1 - y2)}
Area of ΔDEF = 1/2 {1(2-1) + 1(1-0) + 0(0-2)}
= 1/2 (1+1) = 1 square units
Area of ΔABC = 1/2 [0(1-3) + 2{3-(-1)} + 0(-1-1)]
= 1/2 {8} = 4 square units
Therefore, the required ratio is 1:4.