|
Report Date : |
28.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
FOMAX DI FOGLIA
ANNA |
|
|
|
|
Registered Office : |
Via Milazzo, 21054 - Fagnano
Olona (VA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Date of Incorporation : |
08.01.2003 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesale of
Industrial chemical products |
|
|
|
|
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 : |
Usually Correct |
|
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
Fomax di Foglia Anna
Via Milazzo,
21054 - Fagnano Olona (VA) -IT-
|
Fiscal Code |
: |
FGLNNA51B52D467L |
|
Legal Form |
: |
Sole proprietorship |
|
start of Activities |
: |
08/01/2003 |
|
Turnover Range |
: |
1.250.000/1.500.000 |
|
Number of Employees |
: |
fom 6 to 10 |
Wholesale of Industrial chemical products
Legal Form : Sole proprietorship
|
Register of Handcraft firms : 92256 of |
|
Fiscal Code : FGLNNA51B52D467L |
|
Chamber of Commerce no. : 283946 of since
15/01/2003 |
|
V.A.T. Code : 02749260127 |
|
Start of Activities |
: 08/01/2003 |
|
|
Foglia |
Anna |
|
|
|
Born in Fagnano Olona |
(VA) |
on 12/02/1951 |
- Fiscal Code : FGLNNA51B52D467L |
|
|
|
Residence: |
|
Manzoni |
, 10 |
- 21054 |
Fagnano Olona |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Proprietor |
|
|
|
|
|
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.
|
|
Foglia |
Anna |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
"Simatex S.A.S. Di R. Macchi eamp;
C." |
Lonate Ceppino (VA) - IT - |
00823780127 |
Limited Partner |
Withdrawn |
Registered |
|
"R.A.M. S.A.S. DI MACCHI ROBERTO eamp;
C." -IN LIQUIDAZIONE |
Lonate Ceppino (VA) - IT - |
02014370122 |
Limited Partner |
Withdrawn |
Registered |
|
"EFFEDUE S.D.F. DI ANNA E VITTORIA
FOGLIA" -0174883 |
Busto Arsizio (VA) - IT - |
02000550125 |
Partner |
Withdrawn |
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 |
|
|
|
|
|
|
|
Milazzo |
- 21054 |
- Fagnano Olona |
(VA) |
- IT - |
|
|
|
|
Trading Style: FOMAX |
|
|
|
|
PHONE |
: 0331611605 |
|
|
|
|
Employees |
: 4 |
|
|
|
|
Assistants |
: 2 |
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.
The subject was set up many years ago and
from a financial point
of view, it works in a satisfactory manner.
As regards liquid means, subject is able to
face the necessary
management requirements.
Subject's payment experiences we record are
all positive.
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.
|
|
|
Complete balance-sheet for the year |
|
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.500.000 |
|
Population living in the province |
: |
843.250 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region
(in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
The values are calculated on a base of 6.137
significant companies.
The companies cash their credits on an
average of 121 dd.
The average duration of suppliers debts is
about 120 dd.
The sector's profitability is on an average
of 2,22%.
The labour cost affects the turnover in the
measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and
the resources used to realize it is about 1,27.
The employees costs represent the 7,90% of
the production costs.
Statistcally the trade activity shows periods
of crisis.
The area is statistically considered
moderately risky.
In the region 50.886 protested subjects are
found; in the province they count to 4.597.
The insolvency index for the region is 0,55,
, while for the province it is 0,55.
Total Bankrupt companies in the province :
3.052.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
|
1 |
Rs.82.49 |
|
Euro |
1 |
Rs.69.88 |
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.