MIRA INFORM REPORT

 

 

Report Date :

12.10.2013

 

IDENTIFICATION DETAILS

 

Name :

INDUSTRIAL COMMERCE & SERVICES SAS DI AKPAN PAULINUS & C.

 

 

Registered Office :

Via Giorgione 6, 31039 Riese Pio X Tv

 

 

Country :

Italy

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Simple Partnership Company

 

 

Line of Business :

Non-specialised wholesale trade

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employees :

Not Available

 

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

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 Summary

 

Company Name                                   INDUSTRIAL COMMERCE & SERVICES SAS DI AKPAN PAULINUS & C.

Company Registration Number            TV350723

Country                                                IT

Activity Code                                       469

Activity Description                              Non-specialised wholesale trade

Company Status                                  Active

 

 

Company Identification

 

Activities

 

Activity Code                                       469

Activity Description                              Non-specialised wholesale trade

 

 

Basic Information

 

Company Name                                   INDUSTRIAL COMMERCE & SERVICES SAS DI AKPAN PAULINUS & C.

Registered Company Name                  INDUSTRIAL COMMERCE & SERVICES SAS DI AKPAN PAULINUS & C.

Company Registration Number            TV350723

Country                                                IT

VAT Registration Number                    04447900269

Commercial Court Legal Form            SIMPLE PARTNERSHIP COMPANY

Type of Ownership Company Status    Active

Principal Activity Code                        469

Principal Activity Description               Non-specialised wholesale trade

Contact Address                                   VIA GIORGIONE 6, 31039 RIESE PIO X TV

 

 

Main Address

 

Address                                    VIA GIORGIONE 6, 31039 RIESE PIO X TV

Email Addresses                      INDUSTRIALSERVICES1@LEGALMAIL.IT

 

 

Current Directors Managers

 

Name                           PAULINUS AKPAN

Address                        VIA GIORGIONE 6, 31039 RIESE PIO X TV

Gender                        Male

Date of Birth                12/01/1963

Position                       GENERAL PARTNER

Date Appointed            21/03/2011

 

Name                           ANA SHAMI

Address                        VIA XXIV MAGGIO 11/18, 31044 MONTEBELLUNA TV

Gender                        Female

Date of Birth                13/12/1979

Position                       SLEEPING PARTNER

Date Appointed            21/03/2011

 

 

Employee Information

 

Year

Number of Employees 0
 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.16

UK Pound

1

Rs.97.77

Euro

1

Rs.82.78

 

 

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%)

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