MIRA INFORM REPORT

 

 

Report Date :

16.01.2014

 

IDENTIFICATION DETAILS

 

Name :

DE COSTANZO FRANCESCO

 

 

Registered Office :

Via I Maggio, 3,

61011 - Gabicce Mare (PS)

 

 

Country :

Italy

 

 

Date of Incorporation :

08.09.1976

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

·         Retail sale via stalls of textiles, household linens and clothing

Retail sale via stalls of knick-Knacks and bijouterie

 

 

No. of Employees :

from 1 to 5 employees

 

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 :

No Complaints 

 

 

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

 

Concern name & address

 

De Costanzo Francesco

 

Via I Maggio, 3

 

61011 - Gabicce Mare (PS) -IT-

 

 

Summary

 

Fiscal Code

:

DCSFNC53L17F839E

Legal Form

:

Sole proprietorship

start of Activities

:

08/09/1976

Turnover Range

:

375.000/500.000

Number of Employees

:

from 1 to 5



Activity

 

Retail sale via stalls of textiles, household linens and clothing

Retail sale via stalls of knick-Knacks and bijouterie

 

Legal Data


Legal Form : Sole proprietorship

Fiscal Code : DCSFNC53L17F839E

 

Chamber of Commerce no. : 71924 of Pesaro since 14/09/1976

 

V.A.T. Code : 00318250412

 

Start of Activities

: 08/09/1976



Members

 

 

De Costanzo

Francesco

 

 

 

Born in Napoli

(NA)

on 17/07/1953

- Fiscal Code : DCSFNC53L17F839E

 

 

 

Residence:

 

Primo Maggio

, 3

- 61011

Gabicce Mare

(PS)

- 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.

 

De Costanzo

Francesco

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

De.co. S.a.s. Di De Costanzo Francesco

Cattolica (RN) - IT -

05581500633

General Partner

Active

Registered

De.co. S.a.s. Di De Costanzo Francesco

Cattolica (RN) - IT -

05581500633

Legal representative

Active

Registered



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 Concern 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

 

 

 

 

 

 

 

I Maggio

, 3

- 61011

- Gabicce Mare

(PS)

- IT -

 

 

 

 

Total Surface: 35 Sq.mt.

 

 

 

 

PHONE

: 0541950729

 

-

Branch

(Shop)

since 23/04/2005

 

 

 

 

 

 

C. Battisti

, 25/27

- 61011

- Gabicce Mare

(PS)

- IT -

 

 

 

 

Total Surface: 35 Sq.mt.

 

 

 

 

Employees

: 2

 

 

 

 

Assistants

: 2

 

 

 

 

 

 

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 has been operating for many years. At present it does

not show financial difficulties.

Financial means are adequate and allow a normal fulfilment of

bonds towards third parties.

Subject is characterized by a corrected managment, which allows a

regular fulfiment of its own engagments.

Debts stand on normal position. Modest use of supplier and bank

credit.

No notable criticism is expressed by common suppliers at to the

firm's business conduct which is said to be honest enough.



Financial Data

 

 

 

Complete balance-sheet for the year

 

(in Eur

x 1)

 

Item Type

Value

Sales

500.000



Market / Territory Data

 

Population living in the province

:

1.518.780

Population living in the region

:

0

Number of families in the region

:

0

 

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

 

- per food products

:

0

- per non food products

:

0

- per energy consume

:

0



Sector Data

 

The values are calculated on a base of 87 significant companies.

The companies cash their credits on an average of 30 dd.

The average duration of suppliers debts is about 150 dd.

The sector's profitability is on an average of 3,01%.

The labour cost affects the turnover in the measure of 11,11%.

Goods are held in stock in a range of 173 dd.

The difference between the sales volume and the resources used to realize it is about 0,92.

The employees costs represent the 11,27% of the production costs.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.59

UK Pound

1

Rs.101.09

Euro

1

Rs.83.99

 

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.