MIRA INFORM REPORT

 

 

Report Date :

08.03.2013

 

IDENTIFICATION DETAILS

 

Correct Name 

POLLINI ALDO 

 

 

Registered Office :

Corso Vittorio Emanuele II°, 55,

27029 – Vigevano (PV)

 

 

Country :

Italy

 

 

Date of Incorporation :

01.01.1991

 

 

Legal Form :

Sole proprietorship

 

 

Line of Business :

Agents and representatives of raw textile fibres and semi-finished goods, leather and skins

 

 

No. of Employees :

01 to 05 employees

 

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 :

Regular

 

 

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

 

Pollini Aldo

 

Corso Vittorio Emanuele II°, 55

 

27029 - Vigevano  (PV) -IT-

 

 

Summary

 

Fiscal Code

:

PLLLDA38D18L872Q

Legal Form

:

Sole proprietorship

start of Activities

:

01/01/1991

Turnover Range

:

35.000/50.000

Number of Employees

:

from 1 to 5

 

Activity

 

Agents and representatives of raw textile fibres and semi-finished goods, leather and skins

 

Legal Data

 

Legal Form : Sole proprietorship

Fiscal Code : PLLLDA38D18L872Q

 

Chamber of Commerce no. : 185795 of since 04/03/1991

 

V.A.T. Code : 01437630187

 

Start of Activities

: 01/01/1991

 

Members

 

Pollini

Aldo

 

 

Born in Vigevano

(PV)

on 18/04/1938

- Fiscal Code : PLLLDA38D18L872Q

 

 

Residence:

 

Via Stropeni

, 30

- 27029

Vigevano

(PV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Proprietor

 

 

 

 

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.

 

Pollini

Aldo

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Pellami Nord - Sud S.p.a.

Vigevano (PV) - IT -

03481200156

Liquidator

Withdrawn

Ceased

L.p. Italia S.r.l. - In Liquidazione

Galliate (NO) - IT -

01274450038

Chairman

Withdrawn

Registered

B.p.m. Di Bocchio Gianfranco, Pollini Aldo Morandi Gianfranco- Societa' In Nome

Milano (MI) - IT -

03345010155

Partner

Withdrawn

Ceased

Rappresentanze Pellami Milano S.n.c. DiPollini Aldo E Morandi Gianfranco

Vigevano (PV) - IT -

07383580151

Liquidator

Withdrawn

Ceased

 

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

 

 

 

 

 

 

Corso V.emanuele Ii

, 55

- 27029

- Vigevano

(PV)

- IT -

 

 

 

 

PHONE

: 038184233

 

 

 

 

Mob. Ph.

: 335210808

 

 

 

 

Employees

: 1

 

 

 

 

Assistants

: 1

 

 

 

 

 

 

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 started many years ago and from the financial point of

view it shows a regular trend.

Liquid means are adequate to meet company requirements.

It has a well-balanced economical-financial structure. Normally,

engagments are settled on fixed terms.

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

40.000





 

Market / Territory Data

 

Population living in the province

:

510.505

Population living in the region

:

9.393.092

Number of families in the region

:

3.858.736

 

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

 

- per food products

:

460

- per non food products

:

2.090

- per energy consume

:

114

 

Sector Data

 

The values are calculated on a base of 1.824 significant companies.

 

The companies cash their credits on an average of 99 dd.

The average duration of suppliers debts is about 102 dd.

The sector's profitability is on an average of 1,95%.

The labour cost affects the turnover in the measure of 5,89%.

Goods are held in stock in a range of 27 dd.

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

The employees costs represent the 6,11% of the production costs.

 

Statistical Detrimental Data

 

Statistically the trade activity passes through serious crises.

The area is statistically considered moderately risky.

In the region 50.886 protested subjects are found; in the province they count to 2.343.

The insolvency index for the region is 0,55, , while for the province it is 0,46.

Total Bankrupt companies in the province : 986.

Total Bankrupt companies in the region : 39.612.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.74

UK Pound

1

Rs.82.14

Euro

1

Rs.71.27

 

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%)

 

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.