MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
Ferrari Expeditions SA |
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Registered Office : |
via Mulini, 6934 Bioggio |
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Country : |
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Date of Incorporation : |
09-06-1999 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
The company is dedicated to gold and freight deliveries. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Detail assessment: |
Payments: |
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There are no complaints about the mode of payment and business conduct. |
Name
Ferrari
Expeditions SA
Line of Business
Internationale
Transporte
Legal domicile
c/o zona
industriale
via La
Campagna
6992
Bioggio/TI
Business address
via Mulini
6934 Bioggio
Switzerland
Telephone
: 091 6101660
CREDIT ADVICE
This credit
advice is based on information available at the time of conducting the
research, being the above indicated date.
All amounts in
this report are given in Swiss Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal
form: Joint stock company
Registration: 09-06-1999
First
Publication: 15-06-1999
Last
Publication: 03-08-2007
Share
capital: 350.000
Paid up: 350.000
Divided
into: 35.000 Bearer shares of 10
History: 28-12-2001 350.000 Capital increase
100.000 Previous capital
Direct Parent
com.: Ferrari Expeditions SA,
Alessandria, Italy/IT.
Company
Management: Andrea Cavalcante
Registered
name 01-03-2002 Ferrari
Expeditions SA
Previous Ferrari Spedizioni Internazionali SA
Registered
domicile 03-05-2001,
Switzerland/CH
Previous, Switzerland/CH
ACTIVITY:
Line of
business : Gold transports
Sector :
General services
Activity:
The company is
dedicated to gold and freight deliveries.
Major clients
are GUCCI and BULGARI.
The company
has representations throughout the world.
Locations:
Location of branches: Geneve (1), Neuchatel (1).
EMPLOYEES:
Number of
employees: 30
The entire
group employs 500 people.
PAYMENT AND FINANCIAL
DATA
PAYMENT
EXPERIENCES:
Legal actions:
No legal actions, distraints or loss certificates registered.
Report from 20-10-2004,
in 6900 Lugano.
Report from 09-08-2000,
in 6900 Lugano.
Report from 11-12-2001,
in 6900 Lugano.
A current
check of the legal actions requires a document of justification with a
legitimate signature.
There are no
complaints about the mode of payment and business conduct.
FINANCIAL
DATA:
Financial
position: The financial affairs are
considered to be in order.
Financial
Statements: The company does not disclose any financial statements.
Takeover
from: Ferrari Neuchatel SA
2000 Neuchatel/NE
Type: Take over as a result of
merger
Registered
on: 28-12-2001
Contract
date: 10-12-2001
Balance Sheet
per: 31-12-2000
Assets: 2.149.524
Liabilities: 1.879.510
Take over
price: 270.014
Takeover
from: Ferrari Expedition SA
1218 Le
Grand-Saconnex/GE
Type: Take over as a result
of merger
Registered
on: 28-12-2001
Contract
date: 10-12-2001
Balance Sheet
per: 31-12-2000
Assets: 1.731.284
Liabilities: 983.258
Take over
price: 748.026
Banker(-s): Not known
Auditors:
Fidea SA, Chiasso
Fiscal taxation:
No information is available due to the local tax authority regulation.
COMPANY AND PERSON
RELATIONS
COMPANY
CONNECTIONS:
Direct Parent
com.: Ferrari Expeditions SA,
Alessandria, Italy/IT.
BOARD OF
DIRECTORS:
Dr. Patrizia
Ferrari Soragni, from Chiasso, Tremona, in Besazio/TI/Switzerland,
President,
sole signature.
Corrado
Deiana, from Italy, in Morcote/TI/Switzerland,
Member, sole
signature.
Corrado Solca,
from Coldrerio, in Coldrerio/TI/Switzerland,
Member, sole
signature.
PERSONNEL
INFORMATION:
Patrizia
Ferrari Soragni, born on 07.06.1964, lives at the Via Cabella in 6863 Besazio.
Corrado Solca
was born on 04.07.1968. He is married to Paola nee
Mandeilli,
born on 03.08.1971. He lives in Coldrerio and presumably conducts his business
activities within the trust office CAPIFID SA in Chiasso, where he is chairman
of the Board of Directors and director with individual signature.
Corrado Deiana
was born on 26.05.1976 and is resident in Morcote.
There are no detrimental
reports on the mentioned persons' business conduct.
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. |
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%)