MIRA INFORM REPORT

 

 

Report Date :           

14.03.2012

 

IDENTIFICATION DETAILS

 

Name :

PA.PI.GIO. S.N.C. - DI PISCOPO ROMEO E GIOVANNELLI MASSIMILIANO

 

 

Registered Office :

Via Luigi Corradi,  35,

05100 – Terni (TR)

 

 

Country :

Italy

 

 

Date of Incorporation :

08.11.2004

 

 

Legal Form :

General partnership

 

 

Line of Business :

Wholesale of soaps, detergents and other cleaning products

 

 

No. of Employees :

01 to 5 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Concern

 

 

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 

 

Pa.pi.gio. s.n.c. - di Piscopo Romeo e Giovannelli Massimiliano

 

Via Luigi Corradi,  35

 

05100 - Terni (TR) -IT-

 

 

Summary

 

Fiscal Code

:

01316330552

Legal Form

:

General partnership

start of Activities

:

01/01/2005

Turnover Range

:

500.000/750.000 Eur

Number of Employees

:

from 1 to 5

 

 

Activity

 

Wholesale of soaps, detergents and other cleaning products

Wholesale of perfume and cosmetics

Wholesale of paper, cardboard and stationery products

Wholesale of books, magazines and newspapers

 

Legal Data

 

Legal Form : General partnership

Fiscal Code : 01316330552

 

Chamber of Commerce no. : 87808 of Terni since 07/12/2004

 

V.A.T. Code : 01316330552

 

Establishment date

: 08/11/2004

Start of Activities

: 01/01/2005

Legal duration

: 31/12/2050

Nominal Capital

: 20.000

Eur

Subscribed Capital

: 20.000

Eur

Paid up Capital

: 20.000

Eur

 

Members

 

 

Piscopo

Romeo

 

 

 

Born in Terni

(TR)

on 07/09/1960

- Fiscal Code : PSCRMO60P07L117J

 

 

 

Residence :

Via

Del Convento

, 44/C

- 05100

Terni

(TR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner

08/11/2004

10.000 - Eur

50,00

 

 

No Protests registered

 

 

Giovannelli

Massimiliano

 

 

 

Born in Terni

(TR)

on 03/01/1969

- Fiscal Code : GVNMSM69A03L117X

 

 

 

Residence :

Via

Delle Ortensie

, 12

- 05100

Terni

(TR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner

08/11/2004

10.000 - Eur

50,00

 

 

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

 

 

 

 

 

 

Via

Luigi Corradi

, 35

- 05100

- Terni

(TR)

- IT -

 

 

 

 

Assistants

: 2

 

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 was set up many years ago and from a financial point

of view, it works in a satisfactory manner.

Concern's liquidity is adequate to allow a regular economical and

financial management.

Current financial attitude is normal and allows regular settlements.

Debts towards banks and suppliers are kept to limited extent.

Current financial charges are limited.

No irregularities are registered.

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

700.000







Market / Territory Data

 

Population living in the province

:

226.518

Population living in the region

:

858.938

Number of families in the region

:

331.385

 

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

 

- per food products

:

508

- per non food products

:

1.747

- per energy consume

:

125

 

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 remarkably risky.

In the region 7.230 protested subjects are found; in the province they count to 2.057.

The insolvency index for the region is 0,85, , while for the province it is 0,91.

Total Bankrupt companies in the province : 764.

Total Bankrupt companies in the region : 3.572.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.85

UK Pound

1

Rs.77.97

Euro

1

Rs.65.62

 

 

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