|
Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TEKSTRADE S.A.S. DI MASSIMO PIANI E C. |
|
|
|
|
Registered Office : |
Viale Montegrappa, 149 50047 – Prato (PO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Date of Incorporation : |
30.04.2012 |
|
|
|
|
Legal Form : |
Limited Partnership |
|
|
|
|
Line of Business : |
Wholesale of machinery for the textile industry and sewing and
knitting machines. |
|
|
|
|
No. of Employees : |
From 1 to 5 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
|
Payment Behaviour : |
-- |
|
Litigation : |
-- |
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 |
|
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, 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
Tekstrade s.a.s. di Massimo Piani e C.
Viale Montegrappa, 149
50047 – Prato (PO) -IT-
|
Fiscal Code |
: |
02233160973 |
|
Legal Form |
: |
Limited partnership |
|
start of Activities |
: |
30/04/2012 |
|
Turnover Range |
: |
375.000/500.000 |
|
Number of Employees |
: |
from 1 to 5 |
Wholesale of machinery for the textile industry and sewing and knitting
machines
Legal Form : Limited partnership
|
Fiscal Code : 02233160973 |
|
Chamber of Commerce no. : 514621 of since 06/04/2012 |
|
V.A.T. Code : 02233160973 |
|
Establishment date |
: 26/03/2012 |
|
|
Start of Activities |
: 30/04/2012 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 500 |
|
|
Subscribed Capital |
: 500 |
|
|
Paid up Capital |
: 500 |
|
|
|
Piani |
Massimo |
|
|
|
Born in Firenze |
(FI) |
on 19/12/1968 |
- Fiscal Code : PNIMSM68T19D612Y |
|
|
|
Residence: |
|
Fra' Diamante |
, 7 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
General Partner |
26/03/2012 |
255 - |
51,00 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Borgi |
Simona |
|
|
|
Born in Firenze |
(FI) |
on 16/07/1961 |
- Fiscal Code : BRGSMN61L56D612P |
|
|
|
Residence: |
|
Fra' Diamante |
, 7 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Limited Partner |
26/03/2012 |
245 - |
49,00 |
|
|
No Prejudicial events are reported |
|
|
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.
|
|
Piani |
Massimo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
TEXFIM S.R.L. |
Prato (PO) - IT - |
00504180977 |
Chairman |
Withdrawn |
Registered |
|
TEXFIM S.R.L. |
Prato (PO) - IT - |
00504180977 |
Managing
Director |
Withdrawn |
Registered |
|
TEXFIM S.R.L. |
Prato (PO) - IT - |
00504180977 |
Board Chairman |
Withdrawn |
Registered |
|
Siatex S.r.l. |
Prato (PO) - IT - |
01575340979 |
Director |
Withdrawn |
Registered |
|
Siatex S.r.l. |
Prato (PO) - IT - |
01575340979 |
Managing
Director |
Withdrawn |
Registered |
|
Textrade S.r.l. |
Prato (PO) - IT - |
01773110976 |
Board Chairman |
Withdrawn |
Registered |
|
TEXFIM DI CARLA DEL MORO E C. S.A.S. |
- - |
00506980978 |
Limited Partner |
Withdrawn |
Registered |
|
Flash S.r.l. |
Prato (PO) - IT - |
01970830970 |
Procurator |
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 |
(Workshop) |
|
|
|
|
|
|
Montegrappa |
, 149 |
- 50047 |
- Prato |
(PO) |
- IT - |
|
|
|
|
Employees |
: 1 |
|
|
|
|
Assistants |
: 1 |
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.
Subject's activity began a few years ago.
Thanks to sufficient liquid assets, subject is able to control
exposures towards suppliers and banks.
Current economical managment is run with accuracy and payments are
settled on terms.
Indebtedness rate stands on balance with current liquid assets. The
recourse to bank and supplier credit is not excessive.
Business relations are marked by sufficient correctness.
No complaints from suppliers are registered.
|
|
|
Complete balance-sheet for the year |
|
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
400.000 |
|
Population living in the province |
: |
238.826 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
The values are calculated on a base of 2.551 significant companies.
The companies cash their credits on an average of 119 dd.
The average duration of suppliers debts is about 117 dd.
The sector's profitability is on an average of 2,27%.
The labour cost affects the turnover in the measure of 8,98%.
Goods are held in stock in a range of 58 dd.
The difference between the sales volume and the resources used to
realize it is about 1,36.
The employees costs represent the 8,98% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they
count to 2.055.
The insolvency index for the region is 0,70, , while for the province it
is 0,88.
Total Bankrupt companies in the province : 3.109.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.57 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.73.64 |
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 |
|
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.