MIRA
INFORM REPORT
|
Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
Network Italia di
Paolo Grelli |
|
|
|
|
Registered Office : |
Viale Roma, 228 Piattoni, 63030 - Castel di Lama (AP) |
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|
|
|
Country : |
Italy |
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Date of Incorporation : |
26/03/1982 |
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|
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|
Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
Wholesale of footwear accessories. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
12.400 – Eur |
|
|
|
|
Status : |
Good |
|
|
|
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Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
NAME & ADDRESS
Network Italia di
Paolo Grelli
Viale Roma, 228 Piattoni
63030 - Castel
di Lama (AP) -IT-
SUMMARY
|
Legal Form |
: |
Sole proprietorship |
|
Start of Activities |
: |
26/03/1982 |
|
Turnover Range |
: |
500.000/750.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
12.400 - Eur |
ACTIVITY
Wholesale of footwear accessories.
LEGAL DATA
Legal Form : Sole proprietorship
|
Fiscal Code : GRLPLA47S06A462O |
|
Foreign Trade Reg. no. : AP004474 since 08/01/1992 |
|
Foreign Trade Reg. no. : 062376 of Ascoli Piceno |
|
Chamber of Commerce no. : 100083 of Ascoli Piceno since 07/04/1982 |
|
Foundation Date |
: 26/03/1982 |
|
Start of Activities |
: 26/03/1982 |
MEMBERS
|
Grelli |
Paolo |
|
Born in Ascoli Piceno |
(AP) |
on 06/11/1947 |
- Fiscal Code : GRLPLA47S06A462O |
|
Residence : |
Via |
Ancaranese |
, 5 |
- 63100 |
Ascoli Piceno |
(AP) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Proprietor |
26/03/1982 |
|
|
No Protests registered.
COMPANIES CONNECTED
TO MEMBERS *
*checkings have been performed on a national scale.
The Members of the subject firm are not reported to be Members in other
companies.
DIRECT PARTICIPATIONS
The Company under review has no participations in other Companies.
STRUCTURE AND COMPANY
ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Viale |
Roma |
, 228 Loc. Piattoni |
- 63030 - |
Castel di Lama |
(AP) |
- IT - |
|
|
|
|
TELEX |
: 561291 WORKITI |
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PHONE |
: 0736/811739 |
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FAX |
: 0736/811931 |
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Employees |
: 1 |
|
|
|
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Assistants |
: 1 |
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|
|
|
Fittings and Equipment |
for a value of
12.911 |
Eur |
|
|
|
|
Stocks |
for a value of
154.937 |
Eur |
The firm has a direct commercial organization
The subject works in Italy and abroad
The company sales mainly to retailers.
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
Export is mainly towards:
|
- Francia |
|
- Ungheria |
HISTORICAL
INFORMATION AND/OR FIRM'S
STATUS
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
Neetwork Italia Import Export Marketing di Grelli P. |
|
10/12/1985 |
|
Former seats |
|
- |
Secondary office |
|
since 26/03/1982 |
until 29/01/1991 |
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|
|
|
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Viale |
Roma |
- 63030 |
- Castel di Lama |
(AP) |
- IT - |
CREDIT REVOLVING
During last Year, the subject of inquiry has not been monitored by our
company.
LEGAL PROCEDURES
None reported, standing to the last received edition of the Official
Publications.
BANKERS
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA DELLE MARCHE SPA |
|
|
|
|
6055 |
0 |
|
CASSA RISPARMIO ASCOLI PICENO |
|
|
|
|
6080 |
0 |
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
None reported in the name of the Firm.
FINANCIAL AND
ECONOMICAL ANALYSIS
Firm is operating for many years.
Financial means are adequate and allow a normal fulfilment of bonds
towards third parties.
It is reported to have constantly developed and improved structure and
business volume. Favourable experiences have been gathered as to payments.
Contained debts towards banks and suppliers. Financial charges are
limited.
Satisfying profitability.
No irregularities are registered.
Business connections are quite regular.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
|
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
619.748 |
estimated by our analyst |
CREDIT OPINION
DETERMINATION
The credit opinion determination is divided into two phases :
1) Risk analysis (Score).
2) Reliability score identification.
RELIABILITY SCORE
Considering also subject's structural and behavioural characteristics its
credit margin rate (from 0 to 100%) is equal to 66%, in respect of a sector
average of 29%.
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:
12.400 .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.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
378.961 |
|
Population living in the region |
: |
1.518.780 |
|
Number of families in the region |
: |
577.034 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
496 |
|
- per non food products |
: |
1.837 |
|
- per energy consume |
: |
122 |
SECTOR DATA
The values are calculated on a base of 2.235 significant companies.
The companies cash their credits on an average of 97 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 1,72%.
The labour cost affects the turnover in the measure of 7,68%.
Goods are held in stock in a range of 82 dd.
The difference between the sales volume and the resources used to
realize it is about 1,39.
The employees costs represent the 7,73% of the production costs.
STATISTICAL
DETRIMENTAL DATA
The subject operates in a sector statistically rated with a high-risk
degree.
Average risk rate in the territory where the firm is placed, according
to statistical surveys.
In the region 9.333 protested subjects are found; in the province they
count to 2.654.
The insolvency index for the region is 0,62, while for the province it
is 0,71.
Total Bankrupt companies in the province : 2.089.
Total Bankrupt companies in the region : 6.005.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)