MIRA
INFORM REPORT
|
Report Date : |
23.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
Moda 4 di
Terenziani Umberto e C. s.a.s. |
|
|
|
|
Registered Office : |
Via Privata Della Torre, 9 20100 - Milano (MI) - IT |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
30/04/1986 |
|
|
|
|
Legal Form : |
Limited Partnership |
|
|
|
|
Line of Business : |
Manufacturing of clothes and underwear. |
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 |
|
Maximum Credit Limit : |
31.500 - Eur |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Moda 4 di Terenziani Umberto e C. s.a.s.
Via
Privata Della Torre, 9
20100 - Milano (MI) -IT-
SUMMARY
|
Legal Form |
: |
Limited partnership |
|
Start of Activities |
: |
30/04/1986 |
|
|
: |
500.000/750.000 Eur |
|
Number of Employees |
: |
from 6 to 10 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
31.500 - Eur |
ACTIVITY
Manufacturing of clothes and underwear.
LEGAL DATA
Legal Form : Limited partnership
|
Fiscal Code : 00470030479 |
|
Foreign Trade Reg. no. : MI044699 since 17/12/1991 |
|
Chamber of Commerce no. : 1161246 of Milano since 17/07/1984 |
|
V.A.T. Code : 07210110156 |
|
Establishment Date |
: 09/02/1983 |
|
|
Start of Activities |
: 30/04/1986 |
|
|
Legal Duration Date |
: 31/12/2010 |
|
|
Nominal Capital |
: 5.164 |
Eur |
|
Subscribed Capital |
: 5.164 |
Eur |
|
Paid up Capital |
: 5.164 |
Eur |
MEMBERS
|
Zingarelli |
Lucrezia |
|
Born in Bisceglie |
(BA) |
on 09/08/1938 |
- Fiscal Code : ZNGLRZ38M49A883F |
|
Residence : |
Via Privata |
Della Torre |
, 0011 |
- 20127 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Limited Partner |
10/01/1990 |
2.582 - Eur |
50,00 |
No Protests registered.
|
Terenziani |
Umberto |
|
Born in Milano |
(MI) |
on 07/09/1940 |
- Fiscal Code : TRNMRT40P07F205M |
|
Residence : |
Via |
Della Torre |
, 0011 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
|
|
General Partner |
10/01/1990 |
2.582 - Eur |
50,00 |
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 |
(Workshop ) |
in : |
|
|
|
|
|
Via Privata |
Della Torre |
, 9 |
- 20100 - |
Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 02/26143925 |
|
|
|
|
FAX |
: 02/2827840 |
|
- |
Branch |
(Administrative office ) |
since 01/01/2004 |
in : |
|
|
|
|
|
Via |
Della Torre |
, 9 |
- 20127 - |
Milano |
(MI) |
- IT - |
|
|
|
|
Employees |
: 7 |
|
|
|
|
Fittings and Equipment |
for a value of
87.797 |
Eur |
|
|
|
|
Stocks |
for a value of
216.911 |
Eur |
The firm has a direct commercial organization
Sales are on a local scale.
The firm operates abroad as importer / exporter.
To purchase foreign products the firm uses the following channels :
|
- its own agents |
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- its own agents |
|
- direct orders from foreign companies |
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.
BANKERS
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA INTESA - RETE COMIT |
|
|
|
|
2002 |
0 |
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
|
Complete balance-sheet for the year as at |
|
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
723.039 |
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 72%, 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:
31.500 .Eur.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
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 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
|
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%)