MIRA
INFORM REPORT
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Report Date : |
26.06.2007 |
IDENTIFICATION DETAILS
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Name : |
Basso Leather Di
Basso Dott. Matteo |
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Registered Office : |
Via Montegoggio, 33 36042 - Breganze (VI) -IT |
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Country : |
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Date of Incorporation : |
04/01/1999 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Manufacturing of leather garments. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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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 |
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Maximum Credit Limit : |
49.100 - Eur |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Basso Leather Di Basso Dott. Matteo
Via
Montegoggio, 33
36042 -
Breganze (VI) -IT-
SUMMARY
|
Legal Form |
: |
Sole proprietorship |
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Start of Activities |
: |
04/01/1999 |
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|
: |
1.000.000/1.250.000 Eur |
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Number of Employees |
: |
from 11 to 15 |
CREDIT ANALYSIS
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CREDIT OPINION |
: |
49.100 - Eur |
ACTIVITY
Manufacturing of leather garments.
LEGAL DATA
Legal Form : Sole proprietorship
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Register of Handcraft firms : 81320 of |
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Fiscal Code : BSSMTT69H13A703S |
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Chamber of Commerce no. : 269344 of |
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V.A.T. Code : 02540960248 |
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Start of Activities |
: 04/01/1999 |
MEMBERS
|
Basso |
Matteo |
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Born in Bassano del Grappa |
(VI) |
on 13/06/1969 |
- Fiscal Code : BSSMTT69H13A703S |
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Residence : |
Via |
Montegoggio |
, 29 |
- 36042 |
Breganze |
(VI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Proprietor |
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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:
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- |
Legal and operative seat |
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in : |
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Via |
Montegoggio |
, 33 |
- 36042 - |
Breganze |
(VI) |
- IT - |
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PHONE |
: 0445/873172 |
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Employees |
: 10 |
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Assistants |
: 1 |
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Fittings and Equipment |
for a value of
67.139 |
Eur |
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Stocks |
for a value of
250.481 |
Eur |
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.
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 |
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(in Eur |
x 1 ) |
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Item Type |
Amount |
Source |
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Sales |
1.136.205 |
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 71%, in respect of a sector
average of 33%.
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:
49.100 .Eur.
MARKET / TERRITORY
DATA
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Population living in the province |
: |
831.356 |
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Population living in the region |
: |
4.699.950 |
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Number of families in the region |
: |
1.813.210 |
Monthly family expenses average in the region (in Eur.) :
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- per food products |
: |
456 |
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- per non food products |
: |
2.052 |
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- per energy consume |
: |
127 |
SECTOR DATA
The values are calculated on a base of 1.896 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 2,26%.
The labour cost affects the turnover in the measure of 12,37%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,28.
The employees costs represent the 12,52% 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 13.782 protested subjects are found; in the province they
count to 2.234.
The insolvency index for the region is 0,30, while for the province it
is 0,27.
Total Bankrupt companies in the province : 2.546.
Total Bankrupt companies in the region : 16.714.
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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)