MIRA INFORM REPORT
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Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
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Name : |
OXYWELD S.N.C. DI ANDREETTA ENRICO E C. |
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Registered Office : |
Via Mezzomonte, 20 Localita' Cornadella, 33077 – Sacile (PN) |
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Country : |
Italy |
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Date of Incorporation : |
15.02.1996 |
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Legal Form : |
General partnership |
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Line of Business : |
Manufacture of apparatus and machinery for laundries and ironing
establishments (including spare parts and accessories) |
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No. of Employees : |
from 16 to 25 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Italy |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 and address
OXYWELD S.N.C. DI ANDREETTA ENRICO E C.
Via Mezzomonte, 20 LOCALITA' CORNADELLA
33077 – Sacile (PN) -IT-
Summary
|
Fiscal Code |
: |
03186110262 |
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Legal Form |
: |
General partnership |
|
start of Activities |
: |
03/01/2000 |
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Turnover Range |
: |
1.500.000/2.000.000 |
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Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of apparatus and machinery for laundries and ironing establishments
(including spare parts and accessories)
Legal Data
Legal Form : General partnership
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Register of Handcraft firms : 27970 of Pordenone |
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Fiscal Code : 03186110262 |
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Chamber of Commerce no. : 74410 of Pordenone since 11/04/2000 |
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V.A.T. Code : 01410780934 |
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Establishment date |
: 15/02/1996 |
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Start of Activities |
: 03/01/2000 |
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Legal duration |
: 31/12/2024 |
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Nominal Capital |
: 10.329 |
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Subscribed Capital |
: 10.329 |
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Paid up Capital |
: 10.329 |
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Members
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Andreetta |
Enrico |
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Born in Conegliano |
(TV) |
on 29/07/1954 |
- Fiscal Code : NDRNRC54L29C957N |
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Residence: |
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Monte Cengio |
, 4 |
- 31029 |
Vittorio Veneto |
(TV) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Partner |
15/02/1996 |
7.230 - |
70,00 |
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No Prejudicial events are reported |
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No Protests registered |
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Altoe' |
Anna Maria |
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Born in Cappella Maggiore |
(TV) |
on 16/07/1960 |
- Fiscal Code : LTANMR60L56B678X |
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Residence: |
|
Monte Cengio |
, 4 |
- 31029 |
Vittorio Veneto |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
15/02/1996 |
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|
|
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No Prejudicial events are reported |
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No Protests registered |
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:
|
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Legal and operative seat |
(Workshop) |
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Mezzomonte |
, 20 |
- 33077 |
- Sacile |
(PN) |
- IT - |
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PHONE |
: 0434737001 |
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FAX |
: 0434737002 |
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Website |
: www.oweld.com - diego@oweld.com |
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Employees |
: 14 |
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Assistants |
: 2 |
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Fittings and Equipment for a value of 36.000 |
Eur |
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Stocks for a value of 150.000 |
Eur |
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Protests
Protests checking on the subject firm has given a negative result.
Data Base Prejudicial Events Search
Search performed on a National Scale
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|
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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 started many years ago and from the financial point of
view it shows a regular trend.
Liquid means are adequate to meet company requirements.
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
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|
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Complete balance-sheet for the year |
|
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
1.600.000 |
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
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Population living in the province |
: |
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Population living in the region |
: |
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Number of families in the region |
: |
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Monthly family expences average in the region (in Eur..) :
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- per food products |
: |
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- per non food products |
: |
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- per energy consume |
: |
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Sector Data
The values are calculated on a base of 1.206 significant companies.
The companies cash their credits on an average of 112 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,35%.
The labour cost affects the turnover in the measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the resources used to
realize it is about 1,08.
The employees costs represent the 19,02% of the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 3.901 protested subjects are found; in the province they
count to 695.
The insolvency index for the region is 0,33, , while for the province it
is 0,24.
Total Bankrupt companies in the province : 1.260.
Total Bankrupt companies in the region : 5.085.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
|
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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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 |
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-- |
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.