MIRA INFORM REPORT

 

 

Report Date :           

18.10.2011

 

IDENTIFICATION DETAILS

 

Name :

CAGNAZZO SALVATORE

 

 

Registered Office :

Tenuta Canisi,  s.n.,

73045- Leverano (LE)  

 

 

Country :

Italy

 

 

Date of Incorporation :

26.01.1990

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of building materials (including sanitary fixtures)

 

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 :

7.000 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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 

 

Cagnazzo Salvatore

 

Tenuta Canisi, s.n.

 

73045 - Leverano  (LE) -IT-

 

 

Summary

 

Fiscal Code

:

CGNSVT51M30E563O

Legal Form

:

Sole proprietorship

start of Activities

:

26/01/1990

Turnover Range

:

200.000/250.000 Eur

Number of Employees

:

from 1 to 5

 

 

Credit Analysis

 

Credit Opinion

:

7.000 - Eur

 

 

Activity

 

Wholesale of building materials (including sanitary fixtures)

Retail sale of hardware, paints, flat glass and electrical and plumb

ing and heating materials

Retail sale of agricultural machinery, equipment and products; garde

ning machinery and equipment

 

Legal Data

 

Legal Form : Sole proprietorship

Fiscal Code : CGNSVT51M30E563O

 

Municipal Licence : 435 since 08/03/1990

 

Chamber of Commerce no. : 161576 of Lecce since 27/03/1990

 

V.A.T. Code : 02460850759

 

Start of Activities

: 26/01/1990

 

Members

 

Cagnazzo

Salvatore

 

 

Born in Leverano

(LE)

on 30/08/1951

- Fiscal Code : CGNSVT51M30E563O

 

 

Residence :

Tenuta Canisi

- 73045

Leverano

(LE)

- 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 are listed the companies in which members hold or have holded positions.

 

CAGNAZZO

SALVATORE

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

APULIA PLAST DI SALVATORE CAGNAZZO S.A.S.

Leverano (LE) - IT -

03543360758

General Partner

Active

Registered

 

The indication "REGISTERED" as Firm Status could refer to Firms in Liquidation, Active, Inactive, etc.

For more information, in this case, we advise to request further investigations.

 

 

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

 

 

 

 

 

 

Tenuta Canisi

, s.n.

- 73045

- Leverano

(LE)

- IT -

 

 

 

 

Total Surface: 100 Sq.mt.

 

 

 

 

Employees

: 2

 

Legal Procedures

 

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

 

Financial and Economical Analysis

 

The subject started many years ago and from the financial point of

view it shows a regular trend.

Financial means are adequate and allow a normal fulfilment of

bonds towards third parties.

Its current financial situation is adequate to real needs so that

payments are settled on agreed terms and means.

Modest indebtedeness. Subject never exceeded the normal levels of

supplier and bank credit.

Correct trade relations. No meaningful remark is expressed by

usual suppliers.

 

Financial Data

 

 

 

 

Complete balance-sheet for the year

 

(in Eur

x 1 )

 

Item Type

Value

Sales

250.000

 

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:

 

7.000Eur.

 

Market / Territory Data

 

Population living in the province

:

805.397

Population living in the region

:

4.068.167

Number of families in the region

:

1.407.246

 

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

 

- per food products

:

476

- per non food products

:

1.433

- per energy consume

:

85

 

Sector Data

 

The values are calculated on a base of 6.137 significant companies.

The companies cash their credits on an average of 122 dd.

The average duration of suppliers debts is about 140 dd.

The sector's profitability is on an average of 2,35%.

The labour cost affects the turnover in the measure of 7,00%.

Goods are held in stock in a range of 50 dd.

The difference between the sales volume and the resources used to realize it is about 1,45.

The employees costs represent the 7,12% of the production costs.

 

Statistical Detrimental Data

 

The area is statistically considered remarkably risky.

In the region 41.341 protested subjects are found; in the province they count to 9.216.

The insolvency index for the region is 1,02, , while for the province it is 1,15.

Total Bankrupt companies in the province : 2.339.

Total Bankrupt companies in the region : 15.496.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.89

UK Pound

1

Rs.77.31

Euro

1

Rs.67.79

 

 

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 Business

----

 

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.