MIRA
INFORM REPORT
|
Report Date : |
07.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
DIFI S.A.S. DI ANSELMO NOVARESE E C. |
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Registered Office : |
Piazza Bendetto Croce, 39, 15048 – Valenza (AL) |
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Country : |
Italy |
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Date of Incorporation : |
23.10.2000 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Manufacturer of jewellery in precious metals o plated with
precious metals |
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No. of Employees : |
from 6 to 10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 : |
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 |
|
Very High |
C1 |
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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 |
Company name & address
Difi s.a.s. di Anselmo Novarese e C.
Piazza Bendetto Croce, 39
15048 - Valenza (AL) -IT-
Summary
|
Fiscal Code |
: |
01894110061 |
|
Legal Form |
: |
Limited partnership |
|
start of Activities |
: |
13/11/2000 |
|
Turnover Range |
: |
500.000/750.000 |
|
Number of Employees |
: |
fom 6 to 10 |
Activity
Manufacture of jewellery in
precious metals o plated with precious metals
Legal Data
Legal Form : Limited partnership
|
Register of Handcraft firms : 61760 of |
|
Fiscal Code : 01894110061 |
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Chamber of Commerce no. : 208409 of since
09/11/2000 |
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V.A.T. Code : 01894110061 |
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Establishment date |
: 23/10/2000 |
|
|
Start of Activities |
: 13/11/2000 |
|
|
Legal duration |
: 31/12/2050 |
|
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Nominal Capital |
: 20.658 |
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Subscribed Capital |
: 20.658 |
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Paid up Capital |
: 20.658 |
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Members
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Novarese |
Anselmo |
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|
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Born in San Remo |
(IM) |
on 19/05/1967 |
- Fiscal Code : NVRNLM67E19I138F |
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Residence: |
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Italia |
, 1 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
General Partner |
23/10/2000 |
4.131 - |
20,00 |
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Novarese |
Fiorenza |
|
|
|
Born in San Remo |
(IM) |
on 16/06/1955 |
- Fiscal Code : NVRFNZ55H56I138C |
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|
|
Residence: |
|
Di Vittorio |
, 1 A |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Limited Partner |
23/10/2000 |
12.394 - |
60,00 |
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
|
|
Argentino |
Andrea |
|
|
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Born in Valenza |
(AL) |
on 19/10/1955 |
- Fiscal Code : RGNNDR55R19L570V |
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|
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Residence: |
|
G.di Vittorio |
, 1 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Limited Partner |
23/10/2000 |
4.131 - |
20,00 |
|
|
No
Prejudicial events are reported |
|
|
No Protests
registered |
Companies connected to members *
*checkings have been performed
on a national scale.
In this module are listed the
companies in which members hold or have holded positions.
|
|
Novarese |
Anselmo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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Disegni Sas Di Davide Andrea E C. |
Valenza (AL) - IT - |
02171200062 |
Limited Partner |
Active |
Registered |
|
|
Argentino |
Andrea |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Disegni Sas Di Davide Andrea E C. |
Valenza (AL) - IT - |
02171200062 |
Limited Partner |
Active |
Registered |
|
Green Paradise - Societa' Semplice |
Valenza (AL) - IT - |
95000900068 |
Partner |
Active |
Registered |
The indication
"REGISTERED" as Firm Status could refer to Firms in Liquidation,
Active, Inactive, etc.
For more information, in this
case, we advise to request further investigations.
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 |
(Workshop) |
|
|
|
|
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Bendetto Croce |
, 39 |
- 15048 |
- Valenza |
(AL) |
- IT - |
|
|
|
|
PHONE |
: 0131950905 |
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FAX |
: 0131923259 |
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Employees |
: 7 |
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.
Financial and Economical Analysis
The subject has operated for
along.
Liquid means are adequate to
meet company requirements.
Subject is characterized by a
corrected management, which allows a
regular fulfiment of its own engagements.
Debts towards banks and
suppliers are kept to limited extent.
Current financial charges are
limited.
No irregularities are
registered.
The business conduct does not
lay itself open to usual suppliers'
criticism.
Financial Data
|
|
|
Complete balance-sheet for the year |
|
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
700.000 |
Market / Territory Data
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Population living in the province |
: |
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Population living in the region |
: |
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Number of families in the region |
: |
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Monthly family expenses average
in the region (in Eur..) :
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- per food products |
: |
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- per non food products |
: |
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- per energy consume |
: |
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Sector Data
The values are calculated on a
base of 591 significant companies.
The companies cash their credits
on an average of 100 dd.
The average duration of
suppliers debts is about 105 dd.
The sector's profitability is on
an average of 2,17%.
The labour cost affects the
turnover in the measure of 13,32%.
Goods are held in stock in a
range of 87 dd.
The difference between the sales
volume and the resources used to realize it is about 1,10.
The employees costs represent
the 13,08% of the production costs.
Statistical Detrimental Data
Statistically the trade activity
shows periods of crisis.
The area is statistically
considered moderately risky.
In the region 27.019 protested
subjects are found; in the province they count to 2.105.
The insolvency index for the
region is 0,63, , while for the province it is 0,50.
Total Bankrupt companies in the
province : 1.755.
Total Bankrupt companies in the
region : 14.165.
DIAMOND INDUSTRY – INDIA
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From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
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The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
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The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
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Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
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Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has
stopped completely.” Demand has started coming from the US, the UK, Japan and
China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
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The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.87 |
|
UK Pound |
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.74.52 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.