MIRA INFORM REPORT

 

 

Report Date :

20.12.2012

 

IDENTIFICATION DETAILS

 

Name :

LURITEX S.N.C. DI PRETTO LUIGI E RINDI DAVIDE

 

 

Registered Office :

Via F. Brunelleschi, 24,

50047 – Prato (PO)       

 

 

Country :

Italy

 

 

Date of Incorporation :

25.06.2012

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Wholesaler of machinery for the textile industry and sewing and knitting machines

 

 

No. of Employees :

01 to 05 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 

 

Luritex s.n.c. di Pretto Luigi e Rindi Davide

 

Via F. Brunelleschi, 24

 

50047 - Prato (PO) -IT-

 

 

Summary

 

Fiscal Code

:

02240440970

Legal Form

:

General partnership

start of Activities

:

25/06/2012

Number of Employees

:

from 1 to 5

 

 

Activity

 

Wholesale of machinery for the textile industry and sewing and knitting machines

 

 

Legal Data

 

Legal Form : General partnership

Fiscal Code : 02240440970

 

Chamber of Commerce no. : 515383 of since 21/06/2012

 

V.A.T. Code : 02240440970

 

Establishment date

: 11/06/2012

Start of Activities

: 25/06/2012

Legal duration

: 31/12/2030

Nominal Capital

: 10.000

Subscribed Capital

: 10.000

Paid up Capital

: 10.000



Members

 

Pretto

Luigi

 

Born in Firenze

(FI)

on 19/01/1973

- Fiscal Code : PRTLGU73A19D612R

 

Residence:

Nuova Per Migliana

, 11

- 59025

Cantagallo

(PO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner

11/06/2012

5.000 -

50,00

 

No Prejudicial events are reported

 

No Protests registered

 

Rindi

Davide

 

Born in Prato

(FI)

on 19/05/1965

- Fiscal Code : RNDDVD65E19G999W

 

Residence:

Del Lazzeretto

, 49/1

- 59100

Prato

(PO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner

11/06/2012

5.000 -

50,00

 

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.

 

 

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

 

F. Brunelleschi

, 24

- 50047

- Prato

(PO)

- IT -

 

Trading Style: LURITEX

 

Assistants

: 1

 

 

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.



FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.74

UK Pound

1

Rs.89.02

Euro

1

Rs.72.48

 

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%)

 

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