MIRA INFORM REPORT
|
Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
FABER DI GIUSEPPE LAZZARONE |
|
|
|
|
Registered Office : |
Strada Molare, 70, 15076- Ovada (AL) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Date of Incorporation : |
15.05.2007 |
|
|
|
|
Legal Form : |
Sole proprietorship |
|
|
|
|
Line of Business : |
General mechanics |
|
|
|
|
No of Employees : |
from 1 to 5 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 higher. 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 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.
|
Source
: CIA |
COMPANY
NAME & ADDRESS
|
Faber Di
Giuseppe Lazzarone |
|
Strada |
Molare, |
70 |
|
15076 |
- Ovada |
(AL) |
-IT- |
Summary
|
Fiscal Code |
: |
LZZGPP53L08D969K |
|
Legal Form |
: |
Sole proprietorship |
|
start of Activities |
: |
15/05/2007 |
|
Turnover Range |
: |
75.000/100.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
General mechanics
Legal
Data
Legal Form : Sole proprietorship
|
Register of Handcraft firms : 69515 of Alessandria |
|
Fiscal Code : LZZGPP53L08D969K |
|
Chamber of Commerce no. : 232557 of Alessandria since 30/05/2007 |
|
V.A.T. Code : 02162740068 |
|
Start of Activities |
: 15/05/2007 |
Members
|
Lazzarone |
Giuseppe |
|
Born in Genova |
(GE) |
on 08/07/1953 |
- Fiscal Code : LZZGPP53L08D969K |
|
Residence: |
Molare |
, 70 |
- 15076 |
Ovada |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Proprietor |
|
Prejudicial
Events found with cancellations* |
|
No Protests
registered |
*Concerns also partially erased events.
Companies
connected to members *
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are listed.
The Members of the subject firm are not reported to be Members in other companies.
Direct
Participations
The Company 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 |
|
Molare |
, 70 |
- 15076 |
- Ovada |
(AL) |
- IT - |
|
Assistants |
: 1 |
Data
Base Prejudicial Events Search
Search performed on a National Scale
|
Prejudicial Events Search Result: |
|
|
Prejudicial Events found with cancellations* |
Legal Mortgage on 31/01/2008. for an amount of 5.895 Euro. Event
writing-off
|
Search performed on a specialized data base.
*Concerns also partially erased events.
Legal
Procedures
None reported, standing to the latest received edition of the Official Publications.
Financial
and Economical Analysis
The subject started many years ago and from the financial point of view it shows a regular trend.
Good financial conditions. They let the firm meet business requirements without problems.
Current financial attitude is normal and allows regular settlements.
Debt position is quite sure. Regular use of supplier and bank credit.
No irregularities are registered.
A period of difficulties caused by temporary lack of liquid assets gave rise to requests for payment, now overcome.
Commercial transactions with suppliers have proved good so far.
No claims are registered.
Financial
Data
|
Estimated
Financial Data |
|
Item Type |
Value |
|
Sales |
100.000 |
Remarks
1) Protests checking (relative to the last five years) performed by crossing and matching the members names and the Firm's Style with the reported addresses, is supplied by the Informatic Registry managed by the Italian Chamber of Commerce. If the fiscal code is not indicated, the eventual homonymous cases are submitted to expert staff evaluation in order to limit wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the Italian Chamber of Commerce, are in line with the last registered modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of the actual data at the moment of their availability.
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
429.080Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector
Data
The values are calculated on a base of 3.083 significant companies.
The companies cash their credits on an average of 113 dd.
The average duration of suppliers debts is about 129 dd.
The sector's profitability is on an average of 4,19%.
The labour cost affects the turnover in the measure of 23,26%.
Goods are held in stock in a range of 41 dd.
The difference between the sales volume and the resources used to realize it is about 1,15.
The employees costs represent the 23,52% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 27.019 protested subjects are found; in the province they count to 2.105.
The insolvency index for the region is 0,63, , while for the province it is 0,50.
Total Bankrupt companies in the province : 1.755.
Total Bankrupt companies in the region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.32 |
|
|
1 |
Rs. 99.41 |
|
Euro |
1 |
Rs. 80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.