|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
FOGLIENSE CASA
S.R.L. |
|
|
|
|
Registered Office : |
Via E. Montale, 12
, 61028- Sassocorvaro (PS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.06.2010 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of Furniture |
|
|
|
|
No. of Employees : |
From 1 to 5 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
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 |
FOGLIENSE CASA
S.R.L.
Via E. Montale, 12
61028 - Sassocorvaro (PS) -IT-
|
Fiscal Code |
: |
02417490410 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
04/10/2012 |
|
Equity |
: |
15.000 |
|
Turnover Range |
: |
unknown |
|
Number of Employees |
: |
from 1 to 5 |
MANUFACTURE OF FURNITURE
Legal Form : Limited liability company
|
Fiscal Code : 02417490410 |
|
Chamber of Commerce no. : 163995 of |
|
Chamber of Commerce no. : 278611 of |
|
Chamber of Commerce no. : 179990 of since
02/09/2010 |
|
V.A.T. Code : 02417490410 |
|
Establishment date |
: 15/06/2010 |
|
|
Start of Activities |
: 04/10/2012 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 15.000 |
|
|
Subscribed Capital |
: 15.000 |
|
|
Paid up Capital |
: 15.000 |
|
|
|
Martinelli |
Paolo |
|
|
|
Born in Roma |
(RM) |
on 29/09/1964 |
- Fiscal Code : MRTPLA64P29H501D |
|
|
|
Residence: |
|
Pascoli |
, 23 |
- 20097 |
San Donato Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
01/10/2012 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
*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.
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Aluigi Emanuele |
|
LGAMNL63P05G479B |
450 .Eur |
3,00 |
|
Brugnettini Monica |
|
BRGMNC80H57I459L |
7.350 .Eur |
49,00 |
|
Cardinali Michele |
|
CRDMHL71B27L500B |
7.200 .Eur |
48,00 |
The Company under review has no participations
in other Companies.
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
E. Montale |
, 12 |
- 61028 |
- Sassocorvaro |
(PS) |
- IT - |
|
- |
Branch |
(Factory) |
since 01/11/2012 |
|
|
|
|
|
|
G. Di Vittorio |
, 7 |
- 61026 |
- Piandimeleto |
(PS) |
- IT - |
|
- |
Branch |
(Store) |
since 01/11/2012 |
|
|
|
|
|
|
Rossini |
, 17/B |
- 61020 |
- Belforte All'Isauro |
(PS) |
- IT - |
|
- |
Branch |
|
since 01/11/2012 |
|
|
|
|
|
|
Artigianale Gli Ulivi |
, 1 |
- 52038 |
- Sestino |
(AR) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/11/2012 |
|
|
|
|
|
|
Artigianale Gli Ulivi |
, 2 |
- 52038 |
- Sestino |
(AR) |
- IT - |
|
- |
Branch |
(Store) |
since 01/11/2012 |
|
|
|
|
|
|
Roncione |
, 33 |
- 52038 |
- Sestino |
(AR) |
- IT - |
|
- |
Branch |
(Factory) |
since 01/11/2012 |
|
|
|
|
|
|
Delle Arti |
, 10 |
- 06100 |
- Perugia |
(PG) |
- IT - |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The subj. took
over by rent the activities of |
|
|
|
Mobilificio
Fogliense S.r.l. -In Liquidazione |
|
|
|
|
Rossini |
, 17/B |
, 61020 |
, Belforte All'Isauro |
(PS) |
- IT - |
|
|
|
Fiscal Code: 01201520416 |
|
|
|
Date |
: |
24/10/2012 |
Protests checking on the subject firm has
given a negative result.
Search performed on a National Scale
|
|
|
Prejudicial
Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest
received edition of the Official Publications.
|
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Profit (Loss) for the period |
-520 |
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Profit (Loss) for the period |
-311 |
From our constant monitoring of the relevant
Public Administration offices, no more recent balance sheets result to have
been filed.
|
- Balance Sheet as
at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value
Type |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,11 |
0,11 |
0,25 |
|
Elasticity Ratio |
Units |
0,23 |
0,23 |
0,72 |
|
Availability of stock |
Units |
n.c. |
n.c. |
0,20 |
|
Total Liquidity Ratio |
Units |
0,23 |
0,23 |
0,45 |
|
Quick Ratio |
Units |
0,22 |
0,22 |
0,02 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
2,92 |
|
Self Financing Ratio |
Units |
0,83 |
0,86 |
0,19 |
|
Capital protection Ratio |
Units |
-0,02 |
0,00 |
0,71 |
|
Liabilities consolidation quotient |
Units |
n.c. |
n.c. |
0,22 |
|
Financing |
Units |
0,20 |
0,16 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,83 |
0,86 |
0,38 |
|
M/L term Debts Ratio |
Units |
n.c. |
n.c. |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,97 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
7,87 |
8,16 |
1,26 |
|
Current ratio |
Units |
1,39 |
1,70 |
1,13 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,39 |
1,70 |
0,75 |
|
Structure's primary quotient |
Units |
7,87 |
8,16 |
0,76 |
|
Treasury's primary quotient |
Units |
1,32 |
1,61 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
120,12 |
115,87 |
515,14 |
|
Current Capital ( net ) |
Value |
1.119 |
1.639 |
177.926 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
n.c. |
n.c. |
2,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-3,67 |
-2,12 |
1,67 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-3,67 |
-2,12 |
8,36 |
|
Return on Investment ( R.O.I. ) |
% |
-3,04 |
-1,83 |
3,41 |
|
Return/ Sales |
% |
n.c. |
n.c. |
3,12 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
15,78 |
|
Cash Flow |
Value |
-520 |
-311 |
76.501 |
|
Operating Profit |
Value |
-517 |
-311 |
88.970 |
|
Gross Operating Margin |
Value |
-517 |
-311 |
173.361 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
100,31 |
|
Debts to suppliers average term |
Days |
n.c. |
79200,00 |
115,26 |
|
Average stock waiting period |
Days |
n.c. |
n.c. |
67,16 |
|
Rate of capital employed return ( Turnover
) |
Units |
n.c. |
n.c. |
1,08 |
|
Rate of stock return |
Units |
n.c. |
n.c. |
5,32 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
17,27 |
|
Net financial revenues/ charges incidence |
% |
n.c. |
n.c. |
-1,88 |
|
Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
16,89 |
|
Short-term financing charges |
% |
0,11 |
n.c. |
3,16 |
|
Capital on hand |
% |
n.c. |
n.c. |
92,21 |
|
Sales pro employee |
Value |
|
|
183.224 |
|
Labour cost pro employee |
Value |
|
|
32.179 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
UK Pound |
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.