MIRA
INFORM REPORT
|
Report Date : |
01.06.2013 |
IDENTIFICATION DETAILS
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Name : |
BASSO LEATHER DI BASSO DOTT. MATTEO |
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Registered Office : |
Via Montegoggio, 33 36042 - Breganze (VI) -IT- |
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Country : |
Italy |
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Date of Incorporation : |
04.01.1999 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Manufacture of leather clothes |
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No. of Employees : |
from 11 to 15 |
RATING & COMMENTS
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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 |
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Payment Behaviour : |
No Complaints |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Company name and address
BASSO LEATHER DI BASSO DOTT. MATTEO
Via Montegoggio, 33
36042 - Breganze (VI) -IT-
Summary
|
Fiscal Code |
: |
BSSMTT69H13A703S |
|
Legal Form |
: |
Sole proprietorship |
|
start of Activities |
: |
04/01/1999 |
|
Turnover Range |
: |
1.250.000/1.500.000 |
|
Number of Employees |
: |
from 11 to 15 |
|
|
|
n.b.: The Creditworthness Rate shows, in percentage, the ratio between
the suggested credit opinion and the credit amount that the firm could get if
the financial situation would be completely positive. |
Activity
Manufacture of leather clothes
Manufacture of luggage, handbags and similars, leathergoods and saddlery
Legal Data
Legal Form : Sole proprietorship
|
Register of Handcraft firms : 81320 of |
|
Fiscal Code : BSSMTT69H13A703S |
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Chamber of Commerce no. : 269344 of |
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V.A.T. Code : 02540960248 |
|
Start of Activities |
: 04/01/1999 |
Members
|
|
Basso |
Matteo |
|
|
|
Born in Bassano del Grappa |
(VI) |
on 13/06/1969 |
- Fiscal Code : BSSMTT69H13A703S |
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Residence: |
|
Montegoggio |
, 29 |
- 36042 |
Breganze |
(VI) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Proprietor |
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No Prejudicial events are reported |
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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 |
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|
|
|
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Montegoggio |
, 33 |
- 36042 |
- Breganze |
(VI) |
- IT - |
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Trading Style: BASSO LEATHER |
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PHONE |
: 0445873172 |
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Employees |
: 12 |
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Assistants |
: 1 |
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Fittings and Equipment for a value of 67.000 |
Eur |
|
Stocks for a value of 250.000 |
Eur |
|
|
Data Base Prejudicial Events
Search
Search performed on a National Scale
|
|
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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.
Liquid means are adequate to meet company requirements.
Current financial attitude is normal and allows regular settlements.
On the whole the indebtedness is normal. Moderate recourse to
supplier and bank credit.
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 |
1.300.000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.49 |
|
|
1 |
Rs.86.81 |
|
Euro |
1 |
Rs.73.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.