MIRA INFORM REPORT

 

 

Report Date :           

26.03.2011

 

IDENTIFICATION DETAILS

 

Name :

LINEA ELLE DI LOMBARDI ENRICO 

 

 

Registered Office :

Via Macchiavelli, 124/B,

40024 Castel San Pietro Terme    (BO)

 

 

Country :

Italy

 

 

Date of Incorporation :

12.05.2009

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of leather goods; luggage in any material

 

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 :

3.000 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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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 & address 

 

Linea Elle di Lombardi Enrico

 

Via Macchiavelli, 124/B

 

40024 - Castel San Pietro Terme  (BO) -IT-

 

 

Summary

 

Fiscal Code

:

LMBNRC85P21C265Q

Legal Form

:

Sole proprietorship

start of Activities

:

12/05/2009

Turnover Range

:

75.000/100.000 Eur

Number of Employees

:

from 1 to 5

 

 

Credit Analysis

 

Credit Opinion

:

3.000 - Eur

 

Activity

 

Wholesale of leather goods; luggage in any material

Retail sale of leatherwear and luggage

 

 

Legal Data

 

Legal Form : Sole proprietorship

Fiscal Code : LMBNRC85P21C265Q

 

Chamber of Commerce no. : 479238 of Bologna since 28/05/2009

 

V.A.T. Code : 02941071207

 

Start of Activities

: 12/05/2009

 

Members

 

 

Lombardi

Enrico

 

 

 

Born in Castel San Pietro Terme

(BO)

on 21/09/1985

- Fiscal Code : LMBNRC85P21C265Q

 

 

 

Residence :

Via

Macchiavelli

, 124/B

- 40024

Castel San Pietro Terme

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Proprietor

 

 

 

 

 

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

 

 

 

 

 

 

Via

Macchiavelli

, 124/B

- 40024

- Castel San Pietro Terme

(BO)

- IT -

 

 

 

 

Trading Style: lINEA ELLE

 

 

 

 

PHONE

: 051/940638

 

 

 

 

FAX

: 051/940638

 

 

 

 

Email

: linea.elle@live.it

 

 

 

 

Assistants

: 1

 



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 enterprise began operating few years ago.

On the whole, liquidity is normal and allowes a restricted recourse

to bank credit.

Nowaday, subject settles its engagments sufficiently.

Indebtedness rate stands on balance with current liquid assets. The

recourse to bank and supplier credit is not excessive.

No irregularities are registered.

Business relations are marked by sufficient correctness.

No complaints from suppliers are registered.

 

 

Financial Data

 

Complete balance-sheet for the year

 

(in Eur

x 1 )

 

Item Type

Value

Sales

100.000

 

 

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:

 

3.000Eur.

 

 

 

Market / Territory Data

 

Population living in the province

:

944.297

Population living in the region

:

4.151.369

Number of families in the region

:

1.748.359

 

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

 

- per food products

:

425

- per non food products

:

2.063

- per energy consume

:

143

 

Sector Data

 

The values are calculated on a base of 9.175 significant companies.

 

The companies cash their credits on an average of 121 dd.

The average duration of suppliers debts is about 142 dd.

The sector's profitability is on an average of 2,24%.

The labour cost affects the turnover in the measure of 8,02%.

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 1,37.

The employees costs represent the 8,14% of the production costs.

 

Statistical Detrimental Data

 

The area is statistically considered lowly risky.

In the region 18.860 protested subjects are found; in the province they count to 3.720.

The insolvency index for the region is 0,46, , while for the province it is 0,40.

Total Bankrupt companies in the province : 4.335.

Total Bankrupt companies in the region : 14.698.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.91

Euro

1

Rs.63.28

 

 

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

 

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%)

 

 

 

 

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