MIRA INFORM REPORT

 

 

Report Date :

10.11.2012

 

IDENTIFICATION DETAILS

 

Name :

SOLDAN CHIMICA S.N.C. DI SOLDAN GIORGIO E SOLDAN PETER

 

 

Registered Office :

Via Mulino Interno 1,  215,

21023 - Malgesso (VA)

 

 

Country :

Italy

 

 

Date of Incorporation :

29.09.1990

 

 

Legal Form :

General partnership

 

 

Line of Business :

Manufacturer of various chemical products for industrial usage (including antidetonating and anti-freeze preparations)

 

 

No. of Employees :

06 to 10 employees

 

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

 

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 – 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 

 

Soldan Chimica s.n.c. di Soldan Giorgio e Soldan Peter

 

Via Mulino Interno 1,  215

 

21023 - Malgesso (VA) -IT-

 

 

Summary

 

Fiscal Code

:

01937460127

Legal Form

:

General partnership

start of Activities

:

01/10/1990

Turnover Range

:

750.000/1.000.000

Number of Employees

:

from 6 to 10

 

 

Activity

 

Manufacture of various chemical products for industrial usage (including antidetonating and anti-freeze preparations)

 

 

Legal Data

 

Legal Form : General partnership

Register of Handcraft firms : 70882 of

 

Fiscal Code : 01937460127

 

Foreign Trade Reg. no. : VA054976 since 02/01/2004

 

Chamber of Commerce no. : 218532 of since 02/11/1990

 

V.A.T. Code : 01937460127

 

Tribunal Co. Register : 17857 of since 12/10/1990

 

Foundation date

: 29/09/1990

Establishment date

: 29/09/1990

Start of Activities

: 01/10/1990

Legal duration

: 31/12/2050

Nominal Capital

: 5.164

 

Subscribed Capital

: 5.164

 

Paid up Capital

: 5.164

 




Members

 

 

Soldan

Giorgio

 

 

Born in Varese

(VA)

on 20/11/1965

- Fiscal Code : SLDGRG65S20L682U

 

 

Residence:

 

G. Beolchi

, 43/1

- 21023

Besozzo

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner

29/09/1990

2.582 -

50,00

 

No Prejudicial events are reported

 

No Protests registered

 

 

Soldan

Peter

 

 

Born in Varese

(VA)

on 07/05/1961

- Fiscal Code : SLDPTR61E07L682B

 

 

Residence:

 

G. Beolchi

, 47

- 21023

Besozzo

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner

29/09/1990

2.582 -

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

 

since 01/10/1990

 

 

 

 

 

 

Mulino Interno 1

, 215

- 21023

- Malgesso

(VA)

- IT -

 

 

 

 

PHONE

: 0332706668

 

 

 

 

FAX

: 0332706662

 

 

 

 

Employees

: 5

 

 

 

 

Assistants

: 2

 

Fittings and Equipment for a value of 62.000

Eur

 

Stocks for a value of 57.000

Eur

 

Vans: 1.

 

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

Soldan

Giorgio

 

 

Born in Varese

(VA)

on 20/11/1965

- Fiscal Code : SLDGRG65S20L682U

 

 

Residence:

 

G. Beolchi

, 43/1

- 21023

Besozzo

(VA)

- IT -

 

Ex-Postions

Partner

 

Soldan

Peter

 

 

Born in Varese

(VA)

on 07/05/1961

- Fiscal Code : SLDPTR61E07L682B

 

 

Residence:

 

G. Beolchi

, 47

- 21023

Besozzo

(VA)

- IT -

 

Ex-Postions

Partner



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.



Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

BANCA POPOLARE DI LUINO E VARESE

 

 

 

 

 

 




Financial and Economical Analysis

 

The subject has operated for along.

Financial means are adequate and allow a normal fulfilment of

bonds towards third parties.

Subject is characterized by a corrected managment, which allows a

regular fulfiment of its own engagments.

Debts towards banks and suppliers are kept to limited extent.

Current financial charges are limited.

Commercial transactions with suppliers have proved good so far.

No claims are registered.



Financial Data

 

 

 

Complete balance-sheet for the year

 

(in Eur

x 1)

 

Item Type

Value

Sales

875.000




FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.34

UK Pound

1

Rs.86.97

Euro

1

Rs.69.43

 

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.