MIRA INFORM REPORT

 

 

Report Date :

15.12.2012

 

IDENTIFICATION DETAILS

 

Name :

FILTES INTERNATIONAL S.R.L

 

 

Registered Office :

Via Faletti, 33/35,

25031   - Capriolo (BS) 

 

 

Country :

Italy

 

 

Date of Incorporation :

26.06.2012

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Sole-Member Limited Liability Company

 

 

Line of Business :

Preparation and spinning of textile fibres

 

 

No. of Employees :

26 to 35 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

Nb

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New business

 

 

Payment Behaviour :

Unknown

 

 

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 30th, 2012

                                                   

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

ITALY - ECONOMIC OVERVIEW

 

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but exceptionally high public debt burdens and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, reaching 120% of GDP in 2011, and borrowing costs on sovereign government debt have risen to record levels. During the second half of 2011 the government passed a series of three austerity packages to balance its budget by 2013 and decrease its public debt burden. These measures included a hike in the value-added tax, pension reforms, and cuts to public administration. The government also faces pressure from investors and European partners to address Italy's long-standing structural impediments to growth, such as an inflexible labor market and widespread tax evasion. The international financial crisis worsened conditions in Italy''s labor market, with unemployment rising from 6.2% in 2007 to 8.4% in 2011, but in the longer-term Italy''s low fertility rate and quota-driven immigration policies will increasingly strain its economy. The euro-zone crisis along with Italian austerity measures have reduced exports and domestic demand, slowing Italy''s recovery. Italy''s GDP is still 5% below its 2007 pre-crisis level.

 

Source : CIA

 

Company name & address 

 

Filtes International S.r.l.

 

Via Faletti, 33/35

 

25031 - Capriolo (BS) -IT-

 

 

Summary

 

Fiscal Code

:

03443660984

Legal Form

:

Sole-Member Limited Liability Company

start of Activities

:

02/07/2012

Turnover Range

:

1.500.000/2.000.000

Number of Employees

:

from 26 to 35

 

 

Highlights

 

the company under review has been established to take over by merging a previous

 

established FILTES INTERNATIONAL SRL (F.C. 03443660984) which was established in

 

1995 and reached an annual turnover of about EUR 8,5 mio and net results for over

 

EUR 250.000.

 

Business transactions on credit basis are feasibile.



Activity

 

Preparation and spinning of textile fibres



Legal Data

 

Legal Form : Sole-Member Limited Liability Company

Fiscal Code : 03443660984

 

Chamber of Commerce no. : 534654 of since 02/07/2012

 

V.A.T. Code : 03443660984

 

Establishment date

: 26/06/2012

Start of Activities

: 02/07/2012

Legal duration

: 30/06/2050

Nominal Capital

: 100.000

Subscribed Capital

: 100.000

Paid up Capital

: 100.000

Members

 

Carrara Guarnizioni S.r.l.

 

 

Residence:

Europa

, 6

- 24067

Sarnico

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

 

No Prejudicial events are reported

 

No Protests registered

 

Carrara

Sergio

 

Born in Sarnico

(BG)

on 06/09/1956

- Fiscal Code : CRRSRG56P06I437G

 

Residence:

Lombardia

, 25/B

- 24067

Sarnico

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

26/06/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Carrara

Alberto

 

Born in Sarnico

(BG)

on 28/10/1982

- Fiscal Code : CRRLRT82R28I437Z

 

Residence:

Lombardia

, 25/B

- 24067

Sarnico

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

09/07/2012

 

No Prejudicial events are reported

 

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.



Capital Shareholders

 

Shareholders' list as at date of data collection:

 

Firm's Style / Name

Seat / Residence

Fiscal Code

Owned Shares

% Ownership

Carrara Guarnizioni S.r.l.

Sarnico - IT -

01973780164

100,00



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

 

Faletti

, 33/35

- 25031

- Capriolo

(BS)

- IT -

 

PHONE

: 0307461171

 

FAX

: 0307461172

 

Email

: info@filtes.it

 

-

Branch

(Store)

since 26/06/2012

 

Provinciale

, 1/E

- 25030

- Adro

(BS)

- IT -

 

Email

: FILTES@PEC.FILTES.IT

 

-

Branch

(Store)

since 26/06/2012

 

Colombara Bosco

, 14

- 25031

- Capriolo

(BS)

- IT -

 

Employees

: 26

 

Historical Information and/or Firm's Status

 

COMPANY STYLE MODIFICATIONS:

 

Former Style

New Style

Changement Date

Carrara Guarnizioni Srl

Filtes International Srl

01/07/2012

 

EX-MEMBERS / EX-POSITIONS:

 

Filtes International S.r.l.

 

- Fiscal Code : 06735080019

 

Residence:

Faletti

, 33/35

- 25031

Capriolo

(BS)

- IT -

 

Ex-Postions

Sole partner



CEASINGS/INCORPORATIONS/MERGES:

 

The firm succeeded to

 

Filtes International S.r.l.

 

Faletti

, 33/35

, 25031

, Capriolo

(BS)

- IT -

 

Fiscal Code: 06735080019

 

Date

:

20/06/2012

 

 

Protests

 

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

 

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

Prejudicial Events Search Result: NEGATIVE

 

Search performed on a specialized data base.



Legal Procedures

 

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



Financial and Economical Analysis

 

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

As regards liquid means, subject is able to face the necessary

management requirements.

Current financial attitude is normal and allows regular settlements.

Debts stand on normal position. Modest use of supplier and bank

credit.

No notable criticism is expressed by common suppliers at to the

firm's business conduct which is said to be honest enough.



Financial Data

 

Complete balance-sheet for the year

(in Eur

x 1)

 

Item Type

Value

Sales

1.950.000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.39

UK Pound

1

Rs.87.78

Euro

1

Rs.71.29

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.