MIRA INFORM REPORT

 

 

Report Date :

06.03.2013

 

IDENTIFICATION DETAILS

 

Name :

FARISESA S.N.C. DI BRUNO SANTA E C.

 

 

Registered Office :

 

Contrada Sasi Lotto 27, s.n. 

91011 – Alcamo (TP)

 

 

Country :

Italy

 

 

Date of Incorporation :

01.10.1994

 

 

Com. Reg. No.:

TP021-6292 of since 19/02/1996

 

 

Legal Form :

General partnership

 

 

Line of Business :

Cleaning and sorting of seeds and grains

 

 

No. of Employees :

6 to 10

 

 

RATING & COMMENTS

 

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

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

(31.03.2011)

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 and address

 

Farisesa s.n.c. di Bruno Santa e C.

 

Contrada Sasi Lotto 27, s.n. 

91011 – Alcamo (TP) -IT-

 

 

Summary

 

Fiscal Code

:

01722800818

Legal Form

:

General partnership

start of Activities

:

01/10/1994

Turnover Range

:

1.500.000/2.000.000

Number of Employees

:

fom 6 to 10

 

 

Activity

 

Cleaning and sorting of seeds and grains

Wholesale of grains, unmanufactured tobacco, seeds and animal feeds

 

Legal Data

 

Legal Form : General partnership

Register of Handcraft firms : 36866 of since 01/10/1994

 

Fiscal Code : 01722800818

 

Foreign Trade Reg. no. : TP003010 since 15/05/1995

 

Foreign Trade Reg. no. : 3010 of since 15/05/1995

 

Foreign Trade Reg. no. : 003010 of since 15/05/1995

 

Chamber of Commerce no. : 97714 of since 25/07/1994

 

Firms' Register : TP021-6292 of since 19/02/1996

 

V.A.T. Code : 01722800818

 

Tribunal Co. Register : 6292 of since 25/07/1994

 

Foundation date

: 04/07/1994

Establishment date

: 04/07/1994

Start of Activities

: 01/10/1994

Legal duration

: 31/12/2050

Nominal Capital

: 10.329

 

Subscribed Capital

: 10.329

 

Paid up Capital

: 10.329

 

 

Members

 

 

Orlando

Leonardo

 

 

 

Born in Alcamo

(TP)

on 20/06/1956

- Fiscal Code : RLNLRD56H20A176S

 

 

 

Residence:

 

Luigi Einaudi

, 26

- 91011

Alcamo

(TP)

- IT -

 

Position

Since

Shares Amount

% Ownership

Working partner

 

2.582 -

25,00

Partner of unlimit. partnership

17/10/2003

2.582 -

25,00

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Bruno

Santa

 

 

 

Born in Alcamo

(TP)

on 22/04/1954

- Fiscal Code : BRNSNT54D62A176V

 

 

 

Residence:

 

Luigi Einaudi

, 26

- 91011

Alcamo

(TP)

- IT -

 

Position

Since

Shares Amount

% Ownership

Working partner

 

2.582 -

25,00

Partner of unlimit. partnership

17/10/2003

2.582 -

25,00

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Orlando

Pio

 

 

 

Born in Alcamo

(TP)

on 13/10/1947

- Fiscal Code : RLNPIO47R13A176L

 

 

 

Residence:

 

Luigi Einaudi

, 26

- 91011

Alcamo

(TP)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner of unlimit. partnership

17/10/2003

2.582 -

25,00

Partner

17/10/2003

2.582 -

25,00

Working partner

17/10/2003

2.582 -

25,00

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Orlando

Marzia

 

 

 

Born in Alcamo

(TP)

on 24/05/1990

- Fiscal Code : RLNMRZ90E64A176V

 

 

 

Residence:

 

Luigi Einaudi

, 26

- 91011

Alcamo

(TP)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner of unlimit. partnership

12/08/2008

2.582 -

25,00

Working partner

 

2.582 -

25,00

 

 

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.

 

 

Orlando

Leonardo

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

ORLEGI S.N.C. DI ORLANDO LEONARDO E C.

ALCAMO (TP) - IT -

01448000818

Liquidator

Withdrawn

Registered

Consorzio Sasi 2000 Societa' Cooperativa

Alcamo (TP) - IT -

01932530817

Director

Active

Registered

Consorzio Sasi 2000 Societa' Cooperativa

Alcamo (TP) - IT -

01932530817

Assistant board Chairman

Withdrawn

Registered

ORLANDO LEONARDO

Alcamo (TP) - IT -

RLNLRD56H20A176S

Proprietor

Withdrawn

Registered

 

 

Bruno

Santa

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

ORLEGI S.N.C. DI ORLANDO LEONARDO E C.

ALCAMO (TP) - IT -

01448000818

Partner

Withdrawn

Registered

 

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)

since 01/10/1994

 

 

 

 

 

 

Sasi Lotto 27

, SNC

- 91011

- Alcamo

(TP)

- IT -

 

 

 

 

Employees

: 5

 

 

 

 

Assistants

: 4

 

Fittings and Equipment for a value of 120.000

Eur

 

Stocks for a value of 140.000

Eur

 

The firm has a direct commercial organization

Sales area on a regional scale.

 

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

 

Orlando

Leonardo

 

 

 

Born in Alcamo

(TP)

on 20/06/1956

- Fiscal Code : RLNLRD56H20A176S

 

 

 

Residence:

 

Luigi Einaudi

, 26

- 91011

Alcamo

(TP)

- IT -

 

Ex-Postions

Partner

 

 

Bruno

Santa

 

 

 

Born in Alcamo

(TP)

on 22/04/1954

- Fiscal Code : BRNSNT54D62A176V

 

 

 

Residence:

 

Luigi Einaudi

, 26

- 91011

Alcamo

(TP)

- IT -

 

Ex-Postions

Partner

 

 

Orlando

Danilo Maria

 

 

 

Born in Alcamo

(TP)

on 19/05/1985

- Fiscal Code : RLNDLM85E19A176F

 

 

 

Residence:

 

Luigi Einaudi

, 26

- 91011

Alcamo

(TP)

- IT -

 

Ex-Postions

Partner of unlimit. partnership

Silent Partner

 

 

Orlando

Giovanna

 

 

 

Born in Alcamo

(TP)

on 23/10/1984

- Fiscal Code : RLNGNN84R63A176O

 

 

 

Residence:

 

Luigi Einaudi

, 26

- 91011

Alcamo

(TP)

- IT -

 

Ex-Postions

Partner of unlimit. partnership

Silent Partner

 

CEASINGS/INCORPORATIONS/MERGES:

 

 

The firm succeeded to

 

 

 

ORLANDO LEONARDO

 

 

 

 

LUIGI EINAUDI

, 28/30

, 91011

, Alcamo

(TP)

- IT -

 

 

 

Fiscal Code: RLNLRD56H20A176S

 

 

 

Date

:

01/10/1994

 


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.

 

Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

BANCA DON RIZZO C.C.SICILIA OCC.S.C.

 

 

 

 

8946

0

 


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.

Concern's liquidity is adequate to allow a regular economical and

financial management.

Current financial attitude is normal and allows regular settlements.

Debts towards banks and suppliers are kept to limited extent.

Current financial charges are limited.

No irregularities are registered.

Commercial transactions with suppliers have proved good so far.

No claims are registered.

Financial Data

 

 

 

Complete balance-sheet for the year

 

(in Eur

x 1)

 

Item Type

Value

Sales

1.800.000

 


Market / Territory Data

 

Population living in the province

:

432.963

Population living in the region

:

5.013.081

Number of families in the region

:

1.842.252

 

Monthly family expences average in the region (in Eur..) :

 

- per food products

:

425

- per non food products

:

1.256

- per energy consume

:

69

 

Sector Data

 

The values are calculated on a base of 54 significant companies.

 

The companies cash their credits on an average of 109 dd.

The average duration of suppliers debts is about 134 dd.

The sector's profitability is on an average of 1,34%.

The labour cost affects the turnover in the measure of 9,27%.

Goods are held in stock in a range of 23 dd.

The difference between the sales volume and the resources used to realize it is about 1,52.

The employees costs represent the 8,91% of the production costs.

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered remarkably risky.

In the region 54.738 protested subjects are found; in the province they count to 5.078.

The insolvency index for the region is 1,09, , while for the province it is 1,18.

Total Bankrupt companies in the province : 1.675.

Total Bankrupt companies in the region : 14.491.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.65

UK Pound

1

Rs.82.66

Euro

1

Rs.71.21

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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