|
Report Date : |
08.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
COTTON WOOL ITALIA S.R.L. |
|
|
|
|
Registered Office : |
Via Torino 50, 10075 Mathi To |
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|
|
|
Country : |
Italy |
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|
|
|
Financials (as on) : |
2011 |
|
|
|
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Date of Incorporation : |
Not Available |
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|
|
|
Com. Reg. No.: |
TO718421 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
Weaving of textiles |
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|
|
|
No. of Employees : |
3 |
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 : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
|
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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 COTTON WOOL ITALIA S.R.L.
Company Registration Number TO718421
Country IT
Activity Code 132
Activity Description Weaving of
textiles
Company Status Active
Latest Turnover 915,872.00 (EUR)
Latest Shareholders Equity 609,934.00 (EUR)
Rating Indicator Profit - Before
38,625.00 Tax (EUR)
Activities
Activity Code 132
Activity Description Weaving of
textiles
Company Name COTTON WOOL ITALIA
S.R.L.
Registered Company Name COTTON WOOL ITALIA
S.R.L.
Company Registration Number TO718421
Country IT
VAT Registration Number 03051720013
Commercial Court Legal Form LIMITED LIABILITY
COMPANY
Type of Ownership Company Status Active
Principal Activity Code 132
Principal Activity Description Weaving of
textiles
Contact Address VIA TORINO 50,
10075 MATHI TO
Address VIA TORINO 50,
10075 MATHI TO
Email Addresses INFO@PEC.CWISRL.COM
Name DANIELE ARBEZZANO
Address VIA TORINO 50,
10075 MATHI TO
Gender Male
Date of Birth 01/09/1954
Position SOLE DIRECTOR
Date Appointed 14/04/1995
Issued Share capital 101,490.00 (EUR)
Name DANIELE ARBEZZANO
Address CORSO SVIZZERA 9,
10143 TO
Name ANDREA ARBEZZANO
Address VIA TORINO 50,
10075 TO
Name ALESSANDRA
ARBEZZANO
Address CORSO SVIZZERA 9,
10143 TO
Year
Number of Employees 3
Profit & Loss
Financial Year
2011 2010
Number of Weeks 0 0
Currency EUR EUR
Balance Sheet
Financial Year
2011 2010
Number of Weeks 0 0
Currency EUR EUR
Consolidated Accounts
False False
Land
& Buildings 0.00 0.00
Plant & Machinery 0.00 0.00
Other Tangible
Assets 78,485.00 616,427.00
Total Tangible Assets 78,485.00 616,427.00
Goodwill 0.00 0.00
Other Intangible
Assets 20,014.00 18,548.00
Total Intangible Assets 20,014.00 18,548.00
Investments 0.00 0.00
Loans to Group 0.00 0.00
Other Loans 0.00 0.00
Miscellaneous Fixed
Assets 0.00 0.00
Total Other Fixed Assets 0.00 0.00
Total Fixed Assets 98,499.00 634,975.00
Raw Materials
0.00 0.00
Work in Progress
0.00 0.00
Finished Goods 0.00 0.00
Other Inventories 20,130.00 58,680.00
Total Inventories 20,130.00 58,680.00
Trade Receivables
0.00 0.00
Group Receivables 0.00 0.00
Receivables Due after 1 year 0.00 0.00
Miscellaneous Receivables 1,278,527.00 1,661,817.00
Total Receivables 1,278,527.00 1,661,817.00
Cash 307,154.00 242,196.00
Other Current Assets
0.00 0.00
Total Current Assets 1,605,811.00 1,962,693.00
Total Assets 1,704,310.00 2,597,668.00
Trade Payables
0.00 0.00
Bank Liabilities
0.00 0.00
Other Loans/Finance 0.00 0.00
Group Payables
0.00 0.00
Miscellaneous Liabilities 1,064,913.00 1,909,180.00
Total Current Liabilities
1,064,913.00 1,909,180.00
Trade Payables
due after 1 year 0.00 0.00
Bank Liabilities due after 1 year 0.00 0.00
Other Loans/Finance
due after 1 year
0.00 0.00
Group Payables due after 1 year 0.00 0.00
Miscellaneous Liabilities
due after 1 year 29,463.00 36,934.00
|
Total Long Term Liabilities |
29,463.00 |
36,934.00 |
|
Total Liabilities |
1,094,376.00 |
1,946,114.00 |
|
Called Up Share Capital |
101,490.00 |
101,490.00 |
|
Share Premium |
0.00 |
0.00 |
|
Revenue Reserves |
-41,620.00 |
69,396.00 |
|
Other Reserves |
550,064.00 |
480,668.00 |
|
Total Shareholders
Equity |
609,934.00 |
651,554.00 |
|
Other Financials |
|
|
|
Contingent Liabilities |
0 |
0 |
|
Working Capital |
540,898.00 |
53,513.00 |
|
Net Worth |
589,920.00 |
633,006.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.99.06 |
|
Euro |
1 |
Rs.83.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.