MIRA
INFORM REPORT
|
Report Date : |
01.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
E. Azzolini E
Figli S.r.l. |
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Registered Office : |
Via Pitagora, 6/8 20010 - Cornaredo (MI) – IT |
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Country : |
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Date of Incorporation : |
15/12/1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of clothing textiles. Agent for clothing and furnishing fabrics. Import-export of textile products, clothes, footwear and leather
articles. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
3.000 - Eur |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
E. Azzolini E Figli S.r.l.
Via
Pitagora, 6/8
20010 -
Cornaredo (MI) -IT-
SUMMARY
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
15/12/1998 |
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|
: |
25.000/35.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
3.000 - Eur |
ACTIVITY
Wholesale of clothing textiles.
Agent for clothing and furnishing fabrics.
Import-export of textile products, clothes, footwear and leather
articles.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 11754580154 |
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Foreign Trade Reg. no. : MI355426 since 03/05/2006 |
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Chamber of Commerce no. : 1491056 of Milano since 23/02/1996 |
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V.A.T. Code : 11754580154 |
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Establishment Date |
: 12/02/1996 |
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|
Start of Activities |
: 15/12/1998 |
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Legal Duration Date |
: 31/12/2050 |
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Nominal Capital |
: 10.000 |
Eur |
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Subscribed Capital |
: 10.000 |
Eur |
|
Paid up Capital |
: 10.000 |
Eur |
MEMBERS
|
Azzolini |
Enrico |
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Born in Milano |
(MI) |
on 26/01/1943 |
- Fiscal Code : ZZLNRC43A26F205Y |
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Residence : |
Via |
Adami |
, 7 |
- 20100 |
Milano |
(MI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
20/12/2005 |
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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.
|
AZZOLINI |
|
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.
CAPITAL SHAREHOLDERS
|
Style / Name |
Seat / Address |
Fiscal Code |
Owned Shares |
% of Ownership |
|
Azzolini Enrico |
Milano - IT - |
ZZLNRC43A26F205Y |
8.000 .Eur |
80,00 |
|
Azzolini Gianluca |
|
ZZLGLC71P23F205N |
500 .Eur |
5,00 |
|
Azzolini Andrea |
|
ZZLNDR70H23F205Z |
500 .Eur |
5,00 |
|
Costa Elena |
|
CSTLNE46R68F205N |
1.000 .Eur |
10,00 |
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 |
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in : |
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|
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Via |
Pitagora |
, 6/8 |
- 20010 - |
Cornaredo |
(MI) |
- IT - |
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Active partners |
: 1 |
HISTORICAL
INFORMATION AND/OR FIRM'S
STATUS
|
Changes to the
legal form |
|
Former legal
form |
New legal form |
Changement Date |
|
Limited partnership |
Limited liability company |
10/01/2006 |
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Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
E.AZZOLINI AZZOLINI E C |
E AZZOLINI |
22/12/1998 |
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E.AZZOLINI |
E.AZZOLINI |
11/01/2006 |
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Former seats |
|
- |
Legal and operative seat |
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until 11/01/2006 |
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|
|
|
|
Via |
ADAMI GIUSEPPE |
- 20100 |
- Milano |
(MI) |
- IT - |
CREDIT REVOLVING
During last Year, the subject of inquiry has not been monitored by our
company.
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.
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
None reported in the name of the Firm.
FINANCIAL AND
ECONOMICAL ANALYSIS
The subject has operated for along.
Liquidity is equal to ensure the covering of enterprise's requirements.
Normal business growth. Paying habits are characterized by order and
correctness.
Debts stand on normal position. Modest use of supplier and bank credit.
Satisfying profit margins.
No irregularities are registered.
Business connections are quite regular.
FINANCIAL DATA
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Complete balance-sheet for the year as at |
|
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
30.987 |
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 61%, 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:
3.000 .Eur.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
3.839.216 |
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Population living in the region |
: |
9.393.092 |
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Number of families in the region |
: |
3.858.736 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
460 |
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- per non food products |
: |
2.090 |
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- per energy consume |
: |
114 |
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
Statistics point out the high risk level of the subject's
activity branch.
Statistically low risk rate in the territory where the subject is
based.
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.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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%)