MIRA INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
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Name : |
EDIL.SA.CE. DI FAINA EMILIO |
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Registered Office : |
Via Tuscia, 5 01010 – Capodimonte (VT) |
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Country : |
Italy |
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Date of Incorporation : |
25.07.1967 |
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Com. Reg. No.: |
VT-1996-70722 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Wholesale of building materials (including sanitary fixtures) |
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No. of Employees : |
From 1 to 5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Italy |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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,
highly subsidized, agricultural south, where unemployment is high. 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 its exceptionally high public debt
and structural impediments to growth have rendered it vulnerable to scrutiny by
financial markets. Public debt has increased steadily since 2007, topping 126%
of GDP in 2012, and investor concerns about the broader euro-zone crisis at
times have caused borrowing costs on sovereign government debt to rise to
euro-era. During the second half of 2011 the government passed three austerity
packages to reduce its budget deficit and help bring down borrowing costs.
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 sustain its recent efforts to address
Italy's long-standing structural impediments to growth, such as labor market
inefficiencies and widespread tax evasion. In 2012 economic growth and labor
market conditions deteriorated, with growth at -2.3% and unemployment rising to
nearly 11%, with youth unemployment around 35%. The government has undertaken
several reform initiatives designed to increase long-term economic growth.
Italy's GDP is now 7% below its 2007 pre-crisis level.
Source
: CIA
Edil.sa.ce. di Faina Emilio
Via Tuscia, 5
01010 – Capodimonte (VT) -IT-
|
Fiscal Code |
: |
FNAMLE34M02B663G |
|
Legal Form |
: |
Sole proprietorship |
|
start of Activities |
: |
25/07/1967 |
|
Turnover Range |
: |
250.000/375.000 |
|
Number of Employees |
: |
from 1 to 5 |
Wholesale of building materials (including sanitary fixtures)
Retail sale of hardware, paints, flat glass and electrical and plumbing
and heating materials
Retail sale of buliding materials, ceramics and tiles
Retail sale of buliding materials, ceramics and tiles
Legal Form : Sole proprietorship
|
Fiscal Code : FNAMLE34M02B663G |
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Foreign Trade Reg. no. : VT000091 since 11/02/1992 |
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Chamber of Commerce no. : 36533 of Viterbo since 07/11/1963 |
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Firms' Register : VT-1996-70722 of Viterbo since 26/09/1996 |
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V.A.T. Code : 00016760563 |
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Foundation date |
: 25/07/1967 |
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Start of Activities |
: 25/07/1967 |
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Faina |
Emilio |
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|
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Born in Capodimonte |
(VT) |
on 02/08/1934 |
- Fiscal Code : FNAMLE34M02B663G |
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Residence: |
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Tuscia |
, 3 |
- 01010 |
Capodimonte |
(VT) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Proprietor |
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Prejudicial events registered |
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No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
|
Faina |
Emilio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
International Building Export Trade S.r.l. |
Capodimonte (VT) - IT - |
01303860561 |
Sole Director |
Withdrawn |
Registered |
|
International Building Export Trade S.r.l. |
Capodimonte (VT) - IT - |
01303860561 |
Board Chairman |
Active |
Registered |
|
Edilsace 96 Srl |
Capodimonte (VT) - IT - |
01496160563 |
Sole Director |
Active |
Registered |
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 |
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Tuscia |
, 5 |
- 01010 |
- Capodimonte |
(VT) |
- IT - |
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Total Surface: 140 Sq.mt. |
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PHONE |
: 0761870046 |
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- |
Branch |
(Warehouse) |
since 04/12/2000 |
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Verentana Loc. Mandrone |
, s.n. |
- 01010 |
- Capodimonte |
(VT) |
- IT - |
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Employees |
: 2 |
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Assistants |
: 2 |
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Fittings and Equipment for a value of 15.000 |
Eur |
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Stocks for a value of 80.000 |
Eur |
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|
The firm operates abroad as exporter..
Export represents more than 50% of the global turnover.
Products abroad are placed by :
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- importers |
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- direct orders from foreign companies |
Export is mainly towards:
|
- Etiopia |
Search performed on a National Scale
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Prejudicial Events Search Result: |
Mortgage by Court Injunction on 07/12/2009. for an amount of 20.000
Euro.
|
UNICREDIT CORPORATE BANKING SPA |
Mortgage by Court Injunction on 29/06/2011. for an amount of 122.000
Euro.
|
UNICREDIT BANCA DI ROMA |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official
Publications.
The subject was set up many years ago and from a financial point of view,
it works in a satisfactory manner.
Financial means are adequate and allow a normal fulfilment of bonds
towards third parties.
It has a well-balanced economical-financial structure. Normally,
engagments are settled on fixed terms.
Debts stand on normal position. Modest use of supplier and bank credit.
No irregularities are registered.
Non-payments and other insolvencies were registered in the past.
No notable criticism is expressed by common suppliers at to the
firm's business conduct which is said to be honest enough.
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|
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Complete balance-sheet for the year |
|
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
260.000 |
|
Population living in the province |
: |
299.830 |
|
Population living in the region |
: |
5.269.972 |
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Number of families in the region |
: |
2.091.220 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
472 |
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- per non food products |
: |
1.832 |
|
- per energy consume |
: |
102 |
The values are calculated on a base of 4.015 significant companies.
The companies cash their credits on an average of 62 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 2,38%.
The labour cost affects the turnover in the measure of 10,50%.
Goods are held in stock in a range of 132 dd.
The difference between the sales volume and the resources used to
realize it is about 1,09.
The employees costs represent the 10,43% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 53.924 protested subjects are found; in the province they
count to 2.778.
The insolvency index for the region is 1,04, , while for the province it
is 0,94.
Total Bankrupt companies in the province : 720.
Total Bankrupt companies in the region : 37.442.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.41 |
|
|
1 |
Rs.90.38 |
|
Euro |
1 |
Rs.77.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
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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 |
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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.