MIRA INFORM REPORT

 

 

Report Date :

01.03.2013

 

IDENTIFICATION DETAILS

 

Name :

F.D.B. DI BOCCIA SALVATORE E C. S.A.S. 

 

 

Registered Office :

Via Ottaviano, 76,

80040 - San Gennaro Vesuviano(NA)  

 

 

Country :

Italy

 

 

Date of Incorporation :

18.09.2000

 

 

Legal Form :

Limited partnership

 

 

Line of Business :

Production of abrasive products

 

 

No. of Employees :

01 to 05

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

Payment Behaviour :

No  Complaints

 

 

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

 

 

Company name & address

 

F.d.b. di Boccia Salvatore e C. s.a.s.

 

Via Ottaviano, 76

 

80040 - San Gennaro Vesuviano  (NA) -IT-

 

 

Summary

 

Fiscal Code

:

03883011219

Legal Form

:

Limited partnership

Establishment Date

:

18/09/2000

Turnover Range

:

250.000/375.000

Number of Employees

:

from 1 to 5

 

Activity

 

Production of abrasive products

 

Legal Data

 

Legal Form : Limited partnership

Fiscal Code : 03883011219

 

Chamber of Commerce no. : 642860 of since 16/10/2000

 

V.A.T. Code : 03883011219

 

Establishment date

: 18/09/2000

Legal duration

: 31/12/2050

Nominal Capital

: 41.316

 

Subscribed Capital

: 41.316

 

Paid up Capital

: 41.316

 

 

Members

 

Boccia

Salvatore

 

 

Born in San Gennaro Vesuviano

(NA)

on 01/04/1961

- Fiscal Code : BCCSVT61D01H860G

 

 

Residence:

 

Nola Scn.

- 80040

San Gennaro Vesuviano

(NA)

- IT -

 

Position

Since

Shares Amount

% Ownership

General Partner

18/09/2000

37.184 -

90,00

 

No Prejudicial events are reported

 

No Protests registered

 

Carotenuto

Anna

 

 

Born in Forbach

( )

on 08/05/1965

- Fiscal Code : CRTNNA65E48Z112W

 

 

Residence:

 

Nola

, 160

- 80040

San Gennaro Vesuviano

(NA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Limited Partner

14/03/2011

4.131 -

10,00

 

No Prejudicial events are reported

 

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

(Workshop)

 

 

 

 

 

 

Ottaviano

, 76

- 80040

- San Gennaro Vesuviano

(NA)

- IT -

 

 

 

 

Assistants

: 2

 

 

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 been operating for many years. At present it does

not show financial difficulties.

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.

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

350.000


Reliability Score

 

 

Considering also subject's structural and behavioural characteristics its credit margin rate (from 0 to 100%) is equal to 71%, in respect of a sector average of 52%.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.77

UK Pound

1

Rs.81.57

Euro

1

Rs.70.68

 

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.