MIRA INFORM REPORT

 

 

Report Date :

23.02.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

2HD HAND TEXTILE MACHINERY S.A.S. DI SARTORI GIORGIO E. C.

 

 

Registered Office :

Via  Gonfi, 36,  30029 - Santo Stino di Livenza     (VE)-IT-

 

 

Country :

Italy

 

 

Date of Incorporation :

29.01.1996

 

 

Legal Form :

Limited Partnership

 

 

Line of Business :

Manufacture of Textile Machinery.

 

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 :

9.000 - Eur

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

2hd Hand Textile Machinery s.a.s. di Sartori Giorgio e. C.

 

 

Via  Gonfi, 36

 

30029 - Santo Stino di Livenza  (VE) -IT-

 

 

Summary

 

Fiscal Code

:

02887160279

Legal Form

:

Limited partnership

start of Activities

:

15/10/1996

Turnover Range

:

250.000/375.000 Eur

Number of Employees

:

from 1 to 5

 

 

Credit Analysis

 

Credit Opinion

:

9.000 - Eur

 

 

Activity

 

Manufacture of textile machinery, machinery and systems for auxiliary treatment of textiles, sewing and weaving machines (including spare parts and accessories)

 

Legal Data

 

Legal Form : Limited partnership

Fiscal Code : 02887160279

 

Foreign Trade Reg. no. : VE026962 since 08/01/1997

 

Chamber of Commerce no. : 246007 of Venezia since 08/02/1996

 

V.A.T. Code : 02887160279

 

Establishment date

: 29/01/1996

Start of Activities

: 15/10/1996

Legal duration

: 31/12/2020

Nominal Capital

: 10.329

Eur

Subscribed Capital

: 10.329

Eur

Paid up Capital

: 10.329

Eur

 

Members

 

Sartori

Giorgio

 

 

 

Born in Treviso

(TV)

on 25/10/1963

- Fiscal Code : SRTGRG63R25L407L

 

 

 

Residence :

Via

Gonfi

, 36/A

- 30029

Santo Stino di Livenza

(VE)

- IT -

 

Position

Since

Shares Amount

% Ownership

General Partner

29/01/1996

8.263 - Eur

80,00

 

 

No Protests registered

 

 

Liberali

Giuliana

 

 

 

Born in Pasiano di Pordenone

(PN)

on 01/05/1963

- Fiscal Code : LBRGLN63E41G353O

 

 

 

Residence :

Via

Gonfi

, 36/A

- 30029

Santo Stino di Livenza

(VE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Limited Partner

29/01/1996

2.065 - Eur

20,00

 

 

No Protests registered

 

 

Companies connected to members *

 

*checkings have been performed on a national scale.

In this module the companies in which members hold/held positions are listed.

 

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.

 

Firm's location and structure

 

In order to carry out its activities the firm uses the following locations:

 

-

Legal and operative seat

(Workshop )

 

 

 

 

 

Via

Gonfi

, 36

- 30029

- Santo Stino di Livenza

(VE)

- IT -

 

 

 

 

PHONE

: 0421/460457

 

 

 

 

FAX

: 0421/46457

 

 

 

 

Mob. Ph.

: 3355431324

 

 

 

 

Assistants

: 3

 

Protests

 

Protests checking on the subject firm has given a negative result.

 

Legal Procedures

 

None reported, standing to the latest received edition of the Official Publications.

 

Immovables *

 

*Subject to survey.

 

None reported in the name of the Firm.

 


Financial and Economical Analysis

 

The subject has been acting for many years on local market.

Liquid means are adequate to meet company requirements.

Its current financial situation is adequate to real needs so that

payments are settled on agreed terms and means.

Debts towards banks and suppliers are kept to limited extent.

Current financial charges are limited.

The business conduct does not lay itself open to usual suppliers'

criticism.

 

 

Financial Data

 

 

 

Complete balance-sheet for the year

 

(in Eur

x 1 )

 

Item Type

Value

Sales

300.000

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:

 

9.000Eur.

 

 

Market / Territory Data

 

Population living in the province

:

829.418

Population living in the region

:

4.699.950

Number of families in the region

:

1.813.210

 

Monthly family expences average in the region (in Eur.) :

 

- per food products

:

456

- per non food products

:

2.052

- per energy consume

:

127

 

 

Sector Data

 

The values are calculated on a base of 1.206 significant companies.

 

The companies cash their credits on an average of 128 dd.

The average duration of suppliers debts is about 151 dd.

The sector's profitability is on an average of 3,40%.

The labour cost affects the turnover in the measure of 18,22%.

Goods are held in stock in a range of 65 dd.

The difference between the sales volume and the resources used to realize it is about 1,19.

The employees costs represent the 18,70% of the production costs.

 

 

Statistical Detrimental Data

 

The area is statistically considered lowly risky.

In the region 13.782 protested subjects are found; in the province they count to 2.633.

The insolvency index for the region is 0,30, , while for the province it is 0,32.

Total Bankrupt companies in the province : 2.924.

Total Bankrupt companies in the region : 16.714.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.20

UK Pound

1

Rs.73.07

Euro

1

Rs.61.41

 

 

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

Capability to overcome financial difficulties seems comparatively below average.

 

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

----

NB

New Company

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.