MIRA
INFORM REPORT
|
Report Date : |
24th February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
KAPPAGI - S.A.S.
DI TEHRANIAN MORIS E C. |
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Registered Office : |
Via Donizetti, 14 15048 - Valenza (AL) |
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Country : |
Italy |
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Date of Incorporation : |
05/02/1983 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Ø
Wholesale of
watches, clocks and jewellery. Ø
Retail of
jewellery, gold and silverware. |
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 : |
39.200 - Eur |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Kappagi - S.a.s. Di Tehranian Moris E C.
Via
Donizetti, 14
15048 - Valenza (AL) -IT-
SUMMARY
|
Fiscal Code |
: |
01047810062 |
|
Legal Form |
: |
Limited partnership |
|
Start of Activities |
: |
05/02/1983 |
|
Turnover Range |
: |
1.000.000/1.250.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
39.200 - Eur |
ACTIVITY
Wholesale of
watches, clocks and jewellery.
Retail of
jewellery, gold and silverware.
LEGAL DATA
Legal Form :
Limited partnership
|
Fiscal Code : 01047810062 |
|
Foreign Trade Reg. no. : AL007083 since 30/12/1991 |
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Foreign Trade Reg. no. : 007083 of Alessandria since
30/12/1991 |
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Foreign Trade Reg. no. : 22952 of Alessandria |
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Chamber of Commerce no. : 138448 of Alessandria since
04/01/1983 |
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Firms' Register : AL003-8737 since 19/02/1996 |
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V.A.T. Code : 01047810062 |
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R. E. C. no. : 21823 of Alessandria since 03/03/1983 |
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R. E. C. no. : 0021823 of Alessandria since 03/03/1983 |
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Establishment Date |
: 10/12/1982 |
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Start of Activities |
: 05/02/1983 |
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|
Legal Duration Date |
: 31/12/2050 |
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Nominal Capital |
: 12.000 |
Eur |
|
Subscribed Capital |
: 12.000 |
Eur |
|
Paid up Capital |
: 12.000 |
Eur |
MEMBERS
|
Tehranian |
Moris |
|
Born in Teheran |
on 06/04/1961 |
- Fiscal Code : THRMRS61D06Z224Q |
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Residence : |
Via |
Ariosto |
, 12 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
General Partner |
01/01/1993 |
480 - Eur |
|
No Protests
registered.
|
Lenti |
Vittorio |
|
Born in Valenza |
on 31/03/1957 |
- Fiscal Code : LNTVTR57C31L570N |
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Residence : |
Viale |
Manzoni |
, 54 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Limited Partner |
01/01/1993 |
120 - Eur |
|
No Protests
registered.
|
Tehranian |
Rebecca |
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Born in Teheran |
on 17/10/1959 |
- Fiscal Code : THRRCC59R57Z224Q |
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Residence : |
Via |
Ariosto |
, 12 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Limited Partner |
20/07/1999 |
11.400 - Eur |
95,00 |
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 held positions.
|
Tehranian |
|
The indication
"REGISTERED" as Firm Status could refere to Firms in Liquidation, Active,
Inactive, etc.
For more
information, in this case, we advise to request further investigations.
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 : |
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|
|
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Via |
Donizetti |
, 14 |
- 15048 - |
Valenza |
(AL) |
- IT - |
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Trading Style: KAPPAGI |
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PHONE |
: 0131/951242 |
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Employees |
: 5 |
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Fittings and Equipment |
for a value of 41.316 |
Eur |
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|
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Stocks |
for a value of
258.228 |
Eur |
The firm operates
abroad as importer. .
To purchase foreign
products the firm uses the following channels :
|
- direct orders to foreign companies |
Import comes
generally from the following nations:
|
- Austria |
CREDIT REVOLVING
The subject of
inquiry has been monitored by our company:
During the last 12
Months : n. 1 times.
PROTESTS
Protests checking
on the subject firm has given a negative result.
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 |
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CREDIT VALENZA |
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IMMOVABLES *
*No specific
(mortgage/cadastrial registrations) inspections have been requested.
None reported in
the name of the Firm.
FINANCIAL AND
ECONOMICAL ANALYSIS
Long-established
enterprise, which is operating on local market and in the specific field for
many years.
The cash stage enables
the subject company to run its activity in a regular way.
Constantly but
slowly upward trend. Payment experiences gathered are gratifying. It settles
its engagements on fixed terms.
Contained
indebtedness towards banks. Now and then, they exceed towards suppliers,
although managerial imbalance aren't registered.
Sufficient
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 |
1.032.913 |
estimated by our analyst |
CREDIT OPINION
DETERMINATION
The credit opinion
determination is divided into two phases :
1) Risk analysis
(Score).
2) Reliability
score identification.
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:
39.200 .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 |
: |
429.080 |
|
Population living in the region |
: |
4.330.172 |
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Number of families in the region |
: |
1.889.207 |
Monthly family
expenses average in the region (in Eur.) :
|
- per food products |
: |
429 |
|
- per non food products |
: |
1.789 |
|
- per energy consume |
: |
135 |
SECTOR DATA
The values are
calculated on a base of 1.980 significant companies.
The companies cash their
credits on an average of 120 dd.
The average
duration of suppliers debts is about 140 dd.
The sector's
profitability is on an average of 1,93%.
The labour cost
affects the turnover in the measure of 7,30%.
Goods are held in
stock in a range of 54 dd.
The difference
between the sales volume and the resources used to realize it is about 1,46.
The employees costs
represent the 7,41% of the production costs.
STATISTICAL
DETRIMENTAL DATA
Average values
concerning the risk level as to the field the subject operates into.
Risk rate recorded
in the territory where the subject is placed: average.
In the region
27.019 protested subjects are found; in the province they count to 2.105.
The insolvency
index for the region is 0,63, while for the province it is 0,50.
Total Bankrupt
companies in the province : 1.755.
Total Bankrupt
companies in the region : 14.165.
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%)
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