MIRA INFORM REPORT

 

 

Report Date :

08.10.2013

 

IDENTIFICATION DETAILS

 

Name :

AVRIL S.R.L

 

 

Registered Office :

Via Manzoni 25, 60025 Loreto An

 

 

Country :

Italy

 

 

Date of Incorporation :

Not Available

 

 

Com. Reg. No.:

AN145617

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in non-specialised wholesale of other food products, drinks and tobacco

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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

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, 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

 

AVRIL S.R.L.

 

 

Company Summary

 

Company Name                                                         AVRIL S.R.L.

Company Registration Number    AN145617                                                                                           

Country                                                                    IT                                                                                                   

Activity Code                                                                  46392                                                                                                                Activity Description                              Non-specialised wholesale of other food products, drinks and tobacco    

Company Status                                                    Active                                                                                            

 

           

Company Identification

 

Activities

Activity Code               46392

Activity Description      Non-specialised wholesale of other food products, drinks and tobacco

 

 

Basic Information

 

Company Name                                   AVRIL S.R.L.    

Registered Company Name                AVRIL S.R.L.

Company Registration Number           AN145617        

Country                                                IT

VAT Registration Number                   01483590426                

Legal Form                                          LIMITED LIABILITY COMPANY

Company Status                                  Active

Principal Activity Code                        46392   

Principal Activity Description Non-specialised wholesale of other food products, drinks and tobacco

Contact Address                                  VIA MANZONI 25, 60025 LORETO AN    

 

 

Main Address

 

Address          VIA MANZONI 25, 60025 LORETO AN

 

 

Current Directors Managers

 

Name                           LORENZO GIUGGIOLINI

Address                      VIA TRIESTE 12, 60025 LORETO AN

Gender                         Male

Date of Birth                 10/08/1959

Position                        BOARD-MEMBER

Date Appointed            31/07/1997

 

Name                           PAOLO TOMBOLINI

Address                      VIA MACCARI 33, 60025 LORETO AN

Gender                         Male

Date of Birth                 24/11/1973

Position                        BOARD-MEMBER

Date Appointed            31/07/1997

 

Name                           DANIELE TOMBOLINI

Address                      VIA UMBRIA 3, 60025 LORETO AN

Gender                         Male

Date of Birth                 12/06/1961

Position                        BOARD-MEMBER

Date Appointed            31/07/1997

 

 

Share Capital Structure

 

Issued Share capital    20,000,000.00 (EUR)

Name                           LORENZO GIUGGIOLINI

Name                           DANIELE TOMBOLINI

 

 

Employee Information

 

Year

Number of Employees             0

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.78

UK Pound

1

Rs.99.06

Euro

1

Rs.83.84

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.