MIRA INFORM REPORT

 

 

Report Date :

30.05.2014

 

IDENTIFICATION DETAILS

 

Name :

KUVERA S.P.A.

 

 

Registered Office :

Piazza Dei Martiri, 30 

80100- Napoli (NA)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

10.11.2000

 

 

Legal Form :

Joint stock company with sole shareholder

 

 

Line of Business :
  • Wholesale of leather goods; luggage in any material
  • Retail sale of leatherwear and luggage

 

 

No. of Employees

from 500 to 750

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 – March 31st, 2014

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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 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

 

KUVERA S.P.A.

 

Piazza Dei Martiri, 30  

80100- Napoli (NA) -IT-

 

 

Summary

 

Fiscal Code

:

07563710636

Legal Form

:

Joint stock company with sole shareholder

start of Activities

:

10/11/2000

Equity

:

Over 2.582.254

Turnover Range

:

100.000.000/150.000.000

Number of Employees

:

from 500 to 750

 

n.b.: The Creditworthness Rate shows, in percentage, the ratio between the suggested credit opinion and the credit amount that the firm could get if the financial situation would be completely positive.

 

 

Activity

 

Wholesale of leather goods; luggage in any material

Retail sale of leatherwear and luggage

 

 

Legal Data

 

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 07563710636

 

Foreign Trade Reg. no. : NA035470 since 23/01/2001

 

Chamber of Commerce no. : 518303 of Bari

 

Chamber of Commerce no. : 390833 of Bergamo

 

Chamber of Commerce no. : 466276 of Bologna

 

Chamber of Commerce no. : 528268 of Brescia

 

Chamber of Commerce no. : 237789 of Cagliari

 

Chamber of Commerce no. : 268951 of Caserta

 

Chamber of Commerce no. : 290424 of Cuneo

 

Chamber of Commerce no. : 275103 of Catania

 

Chamber of Commerce no. : 321137 of Catania

 

Chamber of Commerce no. : 246963 of Foggia

 

Chamber of Commerce no. : 561810 of Firenze

 

Chamber of Commerce no. : 415006 of Genova

 

Chamber of Commerce no. : 138665 of Imperia

 

Chamber of Commerce no. : 214285 of Lucca

 

Chamber of Commerce no. : 1891471 of Monza e Brianza

 

Chamber of Commerce no. : 1730803 of Milano

 

Chamber of Commerce no. : 633338 of Napoli since 29/03/2000

 

Chamber of Commerce no. : 292123 of Palermo

 

Chamber of Commerce no. : 1015797 of Roma

 

Chamber of Commerce no. : 325082 of Rimini

 

Chamber of Commerce no. : 155677 of Sassari

 

Chamber of Commerce no. : 162868 of Savona

 

Chamber of Commerce no. : 1071761 of Torino

 

Chamber of Commerce no. : 364804 of Treviso

 

Chamber of Commerce no. : 334287 of Varese

 

Chamber of Commerce no. : 354623 of Venezia

 

Chamber of Commerce no. : 367984 of Verona

 

Chamber of Commerce no. : 133640 of Viterbo

 

Firms' Register : NA-2000-54310 of Napoli since 29/03/2000

 

V.A.T. Code : 07563710636

 

Establishment date

: 15/12/1999

Start of Activities

: 10/11/2000

Legal duration

: 31/12/2050

Nominal Capital

: 7.500.000

Subscribed Capital

: 7.500.000

Paid up Capital

: 7.500.000

 

 

Members

 

Cimmino

Gianluigi

 

Born in Roma

(RM)

on 07/04/1973

- Fiscal Code : CMMGLG73D07H501L

 

Residence:

Tasso

, 480

- 80100

Napoli

(NA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

28/02/2012

Managing Director

28/02/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Palmieri

Carlo

 

Born in Napoli

(NA)

on 09/03/1961

- Fiscal Code : PLMCRL61C09F839N

 

Residence:

Vittorio Emanuele

, 656

- 80100

Napoli

(NA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Institor

22/05/2013

 

Prejudicial Events found with cancellations*

 

Legal Mortgage - 11/11/2008. - 20.482 Euro. Event writing-off

  EQUITALIA POLIS S. P. A.

 

No Protests registered

 

Carlino

Raffaele

 

Born in Napoli

(NA)

on 27/07/1957

- Fiscal Code : CRLRFL57L27F839C

 

Residence:

Vittorio Emanuele

, 656

- 80121

Napoli

(NA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

28/02/2012

Director

28/02/2012

 

Prejudicial Events found with cancellations*

 

Tax distraint - 30/03/2006. Event writing-off

  SERV. RISC. TRIB. PROV. NA GEST LINE S.

 

No Protests registered

 

Carlino

Maurizio

 

Born in Napoli

(NA)

on 24/09/1972

- Fiscal Code : CRLMRZ72P24F839W

 

Residence:

Vittorio Emanuele

, 656

- 80010

Napoli

(NA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

28/02/2012

Director

28/02/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Vignoli

Emanuele

 

Born in Carrara

(MS)

on 03/06/1975

- Fiscal Code : VGNMNL75H03B832X

 

Residence:

Monte Di Pieta'

, 12

- 20121

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

28/02/2012

 

Del Treppo

Irnerio

 

Born in Napoli

(NA)

on 20/03/1963

- Fiscal Code : DLTRNR63C20F839E

 

Residence:

Degli Aranci

, 34

- 81100

Caserta

(CE)

- IT -

 

Position

Since

Shares Amount

% Ownership

General Director

08/06/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Pianoforte Holding S.p.a.

 

 

:

Magenta

, 74

- 20123

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

 

No Prejudicial events are reported

 

No Protests registered

 

*Concerns also partially erased events.

 

 

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.

 

Cimmino

Gianluigi

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Commerciale Campana S.r.l.

Nola (NA) - IT -

04904230630

Limited Partner

Withdrawn

Registered

Interdomo S.a.s. Di Sabato Di Vincenzo

Mugnano di Napoli (NA) - IT -

05662320638

Limited Partner

Active

Registered

Mo.ge.co. S.r.l. Moderne Gestioni Commerciali

Napoli (NA) - IT -

06615370639

Director

Withdrawn

Registered

Mo.ge.co. S.r.l. Moderne Gestioni Commerciali

Napoli (NA) - IT -

06615370639

Director

Active

Registered

La Torre S.r.l.

Napoli (NA) - IT -

05593021008

Board Chairman

Withdrawn

Registered

Nikkei S.r.l.

Napoli (NA) - IT -

12715780156

Director

Withdrawn

Ceased

Inticom S.p.a.

Gallarate (VA) - IT -

02649140122

Managing Director

Active

Registered

Inticom S.p.a.

Gallarate (VA) - IT -

02649140122

Director

Active

Registered

Inticom S.p.a.

Gallarate (VA) - IT -

02649140122

Managing Director

Withdrawn

Registered

"luciano E Giancarlo Cimmino Trading S.n.c."

Napoli (NA) - IT -

07325530637

Partner of unlimit. partnership

Withdrawn

Ceased

No Stop S.a.s. Di Luciano Cimmino E C.

Napoli (NA) - IT -

05614880630

Limited Partner

Active

Registered

N.a.f. Rappresentanze S.a.s. Di CimminoGianluigi E Giancarlo E C .

Napoli (NA) - IT -

07108450631

General Partner

Withdrawn

Ceased

Cimmino Gianluigi

Napoli (NA) - IT -

CMMGLG73D07H501L

Proprietor

Withdrawn

Registered

Cidiesse S.n.c. Di Domenico Laudiero E C.

Napoli (NA) - IT -

07488610630

Partner of unlimit. partnership

Active

Registered

Dott. Gianluigi Cimmino E C. - Rappresentanze - S.a.s.

Napoli (NA) - IT -

07874020634

General Partner

Active

Registered

Luciano Cimmino - Rappresentanze S.a.s.

Napoli (NA) - IT -

00757330634

Limited Partner

Withdrawn

Registered

Pianoforte Holding S.p.a.

Milano (MI) - IT -

07232440961

Director

Active

Registered

 

Carlino

Raffaele

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Carlino Pelletterie s.r.l.

Napoli (NA) - IT -

00681060638

Director

Withdrawn

In liquidation

Primaborsa S.r.l. In Liquidazione

Napoli (NA) - IT -

03924410636

Director

Withdrawn

Ceased

Primaborsa S.r.l. In Liquidazione

Napoli (NA) - IT -

03924410636

Liquidator

Withdrawn

Ceased

Primaborsa S.r.l. In Liquidazione

Napoli (NA) - IT -

03924410636

Board Chairman

Withdrawn

Ceased

Cis - Centro Ingrosso Sviluppo CampaniaGianni Nappi - S.p.a. In Forma Abbreviat

Napoli (NA) - IT -

01316130630

Director

Withdrawn

Registered

Cabala S.a.s. Di Carlino Raffaele

Napoli (NA) - IT -

06808720632

General Partner

Withdrawn

Registered

Cabala S.a.s. Di Carlino Raffaele

Napoli (NA) - IT -

06808720632

Liquidator

Withdrawn

Registered

Tramite S.r.l.

Napoli (NA) - IT -

07231590634

Sole Director

Active

Registered

Miriade S.p.a.

Napoli (NA) - IT -

03371431218

Board Chairman

Active

Registered

Lema Holding S.r.l.

Napoli (NA) - IT -

05970911219

Director

Active

Registered

Pianoforte Holding S.p.a.

Milano (MI) - IT -

07232440961

Director

Active

Registered

Onexclusive

Napoli (NA) - IT -

07538461216

Director

Active

Registered

 

Carlino

Maurizio

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Primaborsa S.r.l. In Liquidazione

Napoli (NA) - IT -

03924410636

Director

Withdrawn

Ceased

Carlino Agency S.p.a.

Napoli (NA) - IT -

04340870635

Managing Director

Withdrawn

Registered

Carlino Agency S.p.a.

Napoli (NA) - IT -

04340870635

Director

Withdrawn

Registered

STORMARK DI ANTONIO STORNAIUOLO E C. S.A.S.

Casandrino (NA) - IT -

01221330630

General Partner

Withdrawn

Registered

Stormark 2 S.a.s. Di Stornaiuolo AntonioE C.

Napoli (NA) - IT -

05254980633

General Partner

Withdrawn

Registered

Carpel S.r.l.

Napoli (NA) - IT -

06647520631

Chairman

Withdrawn

Registered

Cast S.r.l.

Napoli (NA) - IT -

06931690637

Director

Withdrawn

Registered

Cabala S.a.s. Di Carlino Raffaele

Napoli (NA) - IT -

06808720632

Limited Partner

Withdrawn

Registered

Miriade S.p.a.

Napoli (NA) - IT -

03371431218

Director

Withdrawn

Registered

STORNAIUOLO ANTONIO

- -

STRNTN72L19F839Q

Proprietor

Withdrawn

Registered

Inticom S.p.a.

Gallarate (VA) - IT -

02649140122

Managing Director

Active

Registered

Inticom S.p.a.

Gallarate (VA) - IT -

02649140122

Director

Active

Registered

Lema Holding S.r.l.

Napoli (NA) - IT -

05970911219

Director

Active

Registered

Crm 05 S.r.l.

Napoli (NA) - IT -

05097861214

Sole Director

Active

Registered

Pianoforte Holding S.p.a.

Milano (MI) - IT -

07232440961

Director

Active

Registered

 

Pianoforte Holding S.p.a.

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Inticom S.p.a.

Gallarate (VA) - IT -

02649140122

Sole partner

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.



Capital Shareholders

 

Shareholders' list as at date of data collection:

 

Firm's Style / Name

Seat / Residence

Fiscal Code

Owned Shares

% Ownership

Pianoforte Holding S.p.a.

Milano - IT -

07232440961

100,00

 

 

Direct Participations

 

The Company under review has participations in the following Companies:

 

Firm's Style

Seat

Fiscal Code

Owned Shares Amount

% Ownership

since

until

Share Status

Consorzio Centro Commerciale Itaca

Formia - IT -

01732250590

Active

I Gigli

Campi Bisenzio - IT -

04799320488

Active

Consorzio Operatori Centro Commerciale Q Uarto Nuovo

Quarto - IT -

05882061210

Active

Consorzio Degli Operatori Del Centro Com merciale La Corte Del Sole

Sestu - IT -

03026950927

Active

Consorzio Shopping Center Mondovicino E Retail Park

Mondovi' - IT -

03201500042

Active

Consorzio Centro*empoli

Empoli - IT -

05783950487

.Eur

2,04

Active



Firm's location and structure

 

In order to carry out its activities the firm uses the following locations:

 

-

Legal and operative seat

 

Dei Martiri

, 30

- 80100

- Napoli

(NA)

- IT -

 

Total Surface: 90 Sq.mt.

 

PHONE

: 0815108038

 

PHONE

: 0818266300

 

FAX

: 0815108803

 

-

Branch

(Shop)

since 09/12/2003

 

Pascolaro

- 00038

- Valmontone

(RM)

- IT -

 

Total Surface: 170 Sq.mt.

 

-

Branch

(Shop)

since 10/10/2003

 

Torino

, 2

- 20100

- Milano

(MI)

- IT -

 

Total Surface: 128 Sq.mt.

 

-

Branch

(Shop)

since 08/09/2005

 

De' Calzaiuoli

, 817/R

- 50100

- Firenze

(FI)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 121 Sq.mt.

 

-

Branch

(Shop)

since 20/03/2007

 

Indipendenza

, 23 C/D

- 40100

- Bologna

(BO)

- IT -

 

Total Surface: 65 Sq.mt.

 

-

Branch

(Shop)

since 01/09/2007

 

Del Corso

, 164

- 00100

- Roma

(RM)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 50 Sq.mt.

 

-

Branch

(Shop)

since 23/12/2007

 

Buenos Aires

, 28

- 20100

- Milano

(MI)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 104 Sq.mt.

 

-

Branch

(Shop)

since 07/12/2007

 

Loc. Boscgangone Lotto G

- 80035

- Nola

(NA)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 124 Sq.mt.

 

-

Branch

(Shop)

since 28/06/2008

 

Delle Serre

, SNC

- 09044

- Quartucciu

(CA)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 88 Sq.mt.

 

-

Branch

(Shop)

since 07/11/2008

 

Mazzini

, 7/9

- 37100

- Verona

(VR)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 240 Sq.mt.

 

-

Branch

(Shop)

since 22/05/2009

 

Noicattaro

, 2

- 70010

- Casamassima

(BA)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 100 Sq.mt.

 

-

Branch

(Shop)

since 16/05/2009

 

Xx Settembre

, SNC

- 24100

- Bergamo

(BG)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 106 Sq.mt.

 

-

Branch

(office)

since 19/07/2009

 

Interporto Campano Lotto H

- 80035

- Nola

(NA)

- IT -

 

-

Branch

(Shop)

since 12/06/2007

 

Aeroporto Intern. Di Napoli

, SNC

- 80100

- Napoli

(NA)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 90 Sq.mt.

 

-

Branch

(Shop)

since 23/10/2010

 

Nicola Nisco

, 1-3

- 80100

- Napoli

(NA)

- IT -

 

Total Surface: 40 Sq.mt.

 

-

Branch

(Shop)

since 03/09/2011

 

Italia

, 149

- 80067

- Sorrento

(NA)

- IT -

 

Total Surface: 57 Sq.mt.

 

-

Branch

(Shop)

since 15/04/2010

 

Aeroporto

, 13

- 24050

- Orio Al Serio

(BG)

- IT -

 

Total Surface: 56 Sq.mt.

 

-

Branch

(Shop)

since 07/04/2012

 

Enrico Fermi

, 1

- 24035

- Curno

(BG)

- IT -

 

Total Surface: 67 Sq.mt.

 

-

Branch

(Shop)

since 30/09/2011

 

Italia

, 31

- 25100

- Brescia

(BS)

- IT -

 

Total Surface: 94 Sq.mt.

 

-

Branch

(Shop)

since 14/07/2005

 

Dolianova

, 35

- 09100

- Cagliari

(CA)

- IT -

 

Total Surface: 120 Sq.mt.

 

-

Branch

(Shop)

since 29/09/2011

 

Provinciale 336

, S.N.C.

- 81025

- Marcianise

(CE)

- IT -

 

Total Surface: 128 Sq.mt.

 

-

Branch

(Shop)

since 10/03/2012

 

Cerea

, 15

- 12084

- Mondovi'

(CN)

- IT -

 

Total Surface: 72 Sq.mt.

 

-

Branch

(Shop)

since 12/06/2010

until 20/07/2003

 

Etnea

, 121-123

- 95100

- Catania

(CT)

- IT -

 

Total Surface: 80 Sq.mt.

 

-

Branch

(Shop)

since 15/11/2005

 

Vittorio Emanuele Ii

, 66

- 71100

- Foggia

(FG)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 100 Sq.mt.

 

-

Branch

(Shop)

since 15/07/2003

 

Ia Operai

- 16100

- Genova

(GE)

- IT -

 

Total Surface: 48 Sq.mt.

 

-

Branch

(Shop)

since 01/11/2008

 

Provinciale 208

, KM 2

- 20061

- Carugate

(MI)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 55 Sq.mt.

 

-

Branch

(Shop)

since 15/07/2009

 

Vittorio Emanuele Ii

, 2

- 20100

- Milano

(MI)

- IT -

 

Trading Style: KUVERA

 

Total Surface: 52 Sq.mt.

 

-

Branch

(Shop)

since 18/07/2009

 

E. Curiel

, 25

- 20089

- Rozzano

(MI)

- IT -

 

Trading Style: KUVERA

 

Total Surface: 90 Sq.mt.

 

-

Branch

(Shop)

since 26/11/2009

 

Aereoporto Di Milano Linate

, SNC

- 20090

- Segrate

(MI)

- IT -

 

Total Surface: 60 Sq.mt.

 

-

Branch

(Shop)

since 06/02/2010

 

San Prospero

, 1

- 20100

- Milano

(MI)

- IT -

 

Total Surface: 69 Sq.mt.

 

-

Branch

(Shop)

since 16/09/2010

 

Polesine

, 39

- 20100

- Milano

(MI)

- IT -

 

Total Surface: 55 Sq.mt.

 

-

Branch

(Shop)

since 03/12/2011

 

11 Padana Superiore

, 154

- 20060

- Bellinzago Lombardo

(MI)

- IT -

 

Total Surface: 85 Sq.mt.

 

-

Branch

(Shop)

since 05/07/2006

 

Ruggero Settimo

, 54

- 90100

- Palermo

(PA)

- IT -

 

Total Surface: 75 Sq.mt.

 

-

Branch

(Shop)

since 23/04/2006

 

Terrazza Roma Q.ta 11 Ter.b

- 00054

- Fiumicino

(RM)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 70 Sq.mt.

 

-

Branch

(Shop)

since 09/11/2010

 

Del Corso

, 408-409

- 00100

- Roma

(RM)

- IT -

 

Total Surface: 154 Sq.mt.

 

-

Branch

(Shop)

since 12/03/2011

 

Delle Vigne Nuove

, SNC

- 00100

- Roma

(RM)

- IT -

 

Total Surface: 161 Sq.mt.

 

-

Branch

(Shop)

since 12/05/2012

 

Di Spagna

, 32/33

- 00100

- Roma

(RM)

- IT -

 

Total Surface: 82 Sq.mt.

 

-

Branch

(Shop)

since 27/07/2007

 

Sa Marinedda S.s.125

- 07026

- Olbia

(SS)

- IT -

 

Trading Style: CARPISA

 

Total Surface: 159 Sq.mt.

 

-

Branch

(Shop)

since 18/05/2009

 

Aeroporto Costa Smeralda

, SNC

- 07026

- Olbia

(SS)

- IT -

 

Trading Style: CARPISA SHOP N.8

 

Total Surface: 67 Sq.mt.

 

-

Branch

(Shop)

since 31/03/2012

 

A. Ricci 211

, BOX14/15

- 17100

- Savona

(SV)

- IT -

 

Total Surface: 98 Sq.mt.

 

-

Branch

(Shop)

since 13/07/2007

 

Aer.s.pertini Zona Part. 6.61

, S.N.C.

- 10072

- Caselle Torinese

(TO)

- IT -

 

-

Branch

(Shop)

since 04/12/2010

 

Giuseppe Garibaldi

, 28/A

- 10100

- Torino

(TO)

- IT -

 

Total Surface: 64 Sq.mt.

 

-

Branch

(Shop)

since 14/12/2011

 

Crea

, 10

- 10095

- Grugliasco

(TO)

- IT -

 

Total Surface: 82 Sq.mt.

 

-

Branch

(Shop)

since 02/08/2007

 

Aereoporto Malpensa Terminal 2

, SNC

- 21019

- Somma Lombardo

(VA)

- IT -

 

-

Branch

(Shop)

since 22/03/2012

 

Marco Polo

, 1

- 30020

- Noventa di Piave

(VE)

- IT -

 

Total Surface: 129 Sq.mt.

 

-

Branch

(Shop)

since 05/09/2012

 

Marilyn Monroe

, 2/78

- 40033

- Casalecchio di Reno

(BO)

- IT -

 

Total Surface: 60 Sq.mt.

 

-

Branch

(Shop)

since 08/11/2012

 

San Quirico

, 165

- 50013

- Campi Bisenzio

(FI)

- IT -

 

Total Surface: 56 Sq.mt.

 

-

Branch

(Shop)

since 21/11/2012

 

Regina Margherita

, 5

- 55049

- Viareggio

(LU)

- IT -

 

Total Surface: 60 Sq.mt.

 

-

Branch

(office)

since 31/10/2002

 

Interporto Capano Lotto C2

, 21-22-23

- 80035

- Nola

(NA)

- IT -

 

-

Branch

(Shop)

since 06/04/2013

 

San Vincenzo

, 112-114

- 16100

- Genova

(GE)

- IT -

 

Total Surface: 84 Sq.mt.

 

-

Branch

(Shop)

since 06/07/2013

 

Matteotti

, 123

- 18038

- San Remo

(IM)

- IT -

 

Total Surface: 145 Sq.mt.

 

-

Branch

(Shop)

since 31/07/2013

 

Italia

, 3

- 20052

- Monza

(MB)

- IT -

 

-

Branch

(Shop)

since 11/04/2013

 

Ponte Di Piscina Cupa

, 64

- 00100

- Roma

(RM)

- IT -

 

Total Surface: 152 Sq.mt.

 

-

Branch

(Shop)

since 06/07/2013

 

Ceccarini

, 3/A

- 47036

- Riccione

(RN)

- IT -

 

Total Surface: 73 Sq.mt.

 

-

Branch

(Shop)

since 09/09/2013

 

Xx Settembre

, 17

- 31100

- Treviso

(TV)

- IT -

 

Total Surface: 75 Sq.mt.

 

-

Branch

(Shop)

since 06/11/2013

 

Aereoporto Inter. Di Malpensa

, SNC

- 21010

- Ferno

(VA)

- IT -

 

Total Surface: 42 Sq.mt.

 

-

Branch

(Shop)

since 22/11/2013

 

Matteotti

, 66

- 21100

- Varese

(VA)

- IT -

 

Total Surface: 32 Sq.mt.

 

-

Branch

(office)

since 01/01/2013

 

Piceni

, 5

- 21013

- Gallarate

(VA)

- IT -

 

-

Branch

(Shop)

since 25/05/2013

 

Vianelli

, 5803/04

- 30100

- Venezia

(VE)

- IT -

 

Total Surface: 51 Sq.mt.

 

-

Branch

(Shop)

since 22/11/2013

 

Don Federico Tosatto

, 22

- 30100

- Venezia

(VE)

- IT -

 

Total Surface: 65 Sq.mt.

 

-

Branch

(Shop)

since 11/10/2013

 

Italia

, 126

- 01100

- Viterbo

(VT)

- IT -

 

Total Surface: 80 Sq.mt.

 

Employees

: 533

 

Fittings and Equipment for a value of 580.000

Eur

 

Stocks for a value of 11.230.000

Eur

 

 

Traded Brands / Suppliers

 

- CARPISA

 

- KUVERA

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

Limited liability company

Joint stock company

09/06/2003

Joint stock company

Joint stock company with sole shareholder

13/09/2011

 

EX-MEMBERS / EX-POSITIONS:

 

Carlino

Raffaele

 

Born in Napoli

(NA)

on 27/07/1957

- Fiscal Code : CRLRFL57L27F839C

 

Residence:

Vittorio Emanuele

, 656

- 80121

Napoli

(NA)

- IT -

 

Ex-Postions

Managing Director

 

Valentino

Massimo

 

Born in Napoli

(NA)

on 01/01/1961

- Fiscal Code : VLNMSM61A01F839M

 

Residence:

Dei Martiri

, 30

- 80121

Napoli

(NA)

- IT -

 

Ex-Postions

Temporary Auditor

 

Martone

Nicola

 

Born in Napoli

(NA)

on 28/09/1966

- Fiscal Code : MRTNCL66P28F839P

 

Residence:

Domenico Fontana

, 45/B

- 80100

Napoli

(NA)

- IT -

 

Ex-Postions

Temporary Auditor

 

De Simone

Silvio

 

Born in Napoli

(NA)

on 11/02/1960

- Fiscal Code : DSMSLV60B11F839U

 

Residence:

Dei Martiri

, 30

- 80100

Napoli

(NA)

- IT -

 

Ex-Postions

Permanent Auditor

 

CEASINGS/INCORPORATIONS/MERGES:

 

Splitting-up project and setting-up of new co

 

Date

Merging/Splitting-up Project-New Company:

30/08/2011

 

Splitting-up and setting-up of a new company

 

GANIMEDE S.R.L.

 

, Milano

- IT -

 

Date

Splitting-up:

28/12/2011



Protests

 

 

Protests checking on the subject firm has given a negative result.

 

 

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

 

Subject is active since 2000

An eco-fin analysis has been made on the base od the b/s fo the years 2010, 2011 and 2012.

During the last years, it achieved profits (r.o.e. 24,43% on 2012) keeping the turnover steady during the last two years.

The operating result was positive in the last financial year (17,65%) and reflects the field's average.

An operating result of Eur. 18.139.460 has been registered. with a -26,79% fall as against the year 2011.

During the latest financial year the gross operating margin amounted to Eur. 23.541.144 , stable if compared to the year before.

The company has an excellent net worth if compared to its debts, with a low indebtedness (0,59) increasing compared to last year (0,5)

With regard to equity capital, an amount of Eur. 49.280.000 is registered. on stable levels.

Total indebtedness was equal to Eur. 51.627.029 (Eur. 7.742.804 was the value of m/l term debts) , showing an upward trend if compared to 2011.

Financial debts exposure is under control while the recourse to commercial credit is rather frequent anyway better than the field's average.

Liquidity is good (1,92)

Due from customers average term is high and equal to 133,11 days. and higher than the average of the sector.

The financial management generated a cash flow of Eur. 16.238.314.

In the last financial year labour cost was of Eur. 14.562.139, with a 12,55% incidence on total costs of production. , whereas the incidence on sales revenues is of 11,42%.

The financial charges do not negatively affect the management, as they are covered by the incomes.

 

Financial Data

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

127.543.702

Profit (Loss) for the period

12.038.630

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

131.902.398

Profit (Loss) for the period

13.725.856

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

131.300.107

Profit (Loss) for the period

12.912.304

 

Complete balance-sheet for the year

al 31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

111.053.113

Profit (Loss) for the period

11.330.910

 

Complete balance-sheet for the year

al 31/12/2008

(in Eur

x 1)

 

Item Type

Value

Sales

99.782.166

Profit (Loss) for the period

8.423.398



Balance Sheets

 

From our constant monitoring of the relevant Public Administration offices, no more recent balance sheets result to have been filed.

 

- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1

 

Years

2012

2011

2010

BALANCE SHEET ACCOUNTS

 

ASSETS

CREDITS VS PARTNERS

. Deposits not yet withdrawn

. Deposits already withdrawn

Total credits vs partners

FIXED ASSETS

. INTANGIBLE FIXED ASSETS

. . Start-up and expansion expenses

. . Research,develop. and advert.expens.

. . Industrial patent rights

230

3.290

16.879

. . Concessions,licenses,trademarks,etc.

195.325

108.463

130.041

. . Goodwill

2.505.900

3.153.300

3.800.700

. . Assets in formation and advance paymen.

555.000

148.000

300.000

. . Other intangible fixed assets

7.798.328

6.353.381

6.971.399

. Total Intangible Fixed Assets

11.054.783

9.766.434

11.219.019

. TANGIBLE FIXED ASSETS

. . Real estate

98.513

. . Plant and machinery

474.198

441.161

419.543

. . Industrial and commercial equipment

107.362

7.180

10.231

. . Other assets

3.345.853

2.729.503

2.709.383

. . Assets under construction and advances

. Total Tangible fixed assets

3.927.413

3.177.844

3.237.670

. FINANCIAL FIXED ASSETS

. . Equity investments

1.193.773

88.713

88.713

. . . Equity invest. in subsidiary companies

1.152.773

47.713

47.713

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

41.000

41.000

41.000

. . Financial receivables

1.899.431

257.341

1.540.450

. . . . Within 12 months

. . . . Beyond 12 months

1.899.431

257.341

1.540.450

. . . Receivab due from subsidiaries

1.628.300

1.305.606

. . . . Within 12 months

. . . . Beyond 12 months

1.628.300

1.305.606

. . . Receivables due from assoc.comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

271.131

257.341

234.844

. . . . Within 12 months

. . . . Beyond 12 months

271.131

257.341

234.844

. . Other securities

300.000

. . Own shares

. . . Total nominal value

. Total financial fixed assets

3.093.204

346.054

1.929.163

Total fixed assets

18.075.400

13.290.332

16.385.852

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

1.014.549

1.182.058

863.147

. . Work in progress and semimanufactured

140.289

45.098

195.296

. . Work in progress on order

. . Finished goods

10.079.006

16.865.177

14.502.141

. . Advance payments

. Total Inventories

11.233.844

18.092.333

15.560.584

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

55.173.391

42.233.761

39.600.048

. . Beyond 12 months

2.876.274

3.548.630

1.134.917

. . Trade receivables

47.157.685

40.463.001

36.496.841

. . . . Within 12 months

47.157.685

40.463.001

36.496.841

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

1.411.644

1.066.278

. . . . Within 12 months

1.411.644

1.066.278

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from holding comp.

4.566.371

1.000.000

. . . . Within 12 months

4.566.371

. . . . Beyond 12 months

1.000.000

. . Fiscal Receivables

973.912

77.138

77.138

. . . . Within 12 months

973.912

77.138

77.138

. . . . Beyond 12 months

. . Receivables for anticipated taxes

2.876.274

2.548.630

1.134.917

. . . . Within 12 months

. . . . Beyond 12 months

2.876.274

2.548.630

1.134.917

. . Receivables due from third parties

1.063.779

627.344

3.026.069

. . . . Within 12 months

1.063.779

627.344

3.026.069

. . . . Beyond 12 months

. Total Credits not held as fixed assets

58.049.665

45.782.391

40.734.965

. FINANCIAL ASSETS

. . Equity invest. in subsidiary comp.

. . Equity invest. in associated companies

. . Equity invest. in holding companies

. . Other equity investments

. . Own shares

. . . Total nominale value

. . Other securities

300.000

. Total Financial Assets

300.000

. LIQUID FUNDS

. . Bank and post office deposits

14.749.276

9.710.997

8.211.074

. . Checks

87.354

121.205

. . Banknotes and coins

106.567

68.977

30.111

. Total Liquid funds

14.943.197

9.901.179

8.241.185

Total current assets

84.226.706

74.075.903

64.536.734

ADJUSTMENT ACCOUNTS

. Discount on loans

457.254

718.233

. Other adjustment accounts

4.886.351

Total adjustments accounts

457.254

718.233

4.886.351

TOTAL ASSETS

102.759.360

88.084.468

85.808.937

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

7.500.000

7.500.000

7.500.000

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

1.500.000

1.500.000

1.500.000

. Reserve for Own shares

. Statute reserves

. Other reserves

28.241.370

28.241.370

22.892.032

. Accumulated Profits (Losses)

. Profit( loss) of the year

12.038.630

13.725.856

12.912.304

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

49.280.000

50.967.226

44.804.336

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

2.921

4.099

. . Other funds

400.000

800.000

Total Reserves for Risks and Charges

1.602.000

402.921

804.099

Employee termination indemnities

239.664

246.705

247.405

ACCOUNTS PAYABLE

. . . . Within 12 months

43.884.225

35.459.745

37.231.172

. . . . Beyond 12 months

7.742.804

946.981

2.679.730

. . Bonds

. . . . Within 12 months

. . . . Beyond 12 months

. . Convertible bonds repayable

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to shareholders for financing

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to banks

17.792.071

6.930.529

9.386.746

. . . . Within 12 months

10.528.160

6.319.441

6.921.186

. . . . Beyond 12 months

7.263.911

611.088

2.465.560

. . Due to other providers of finance

36.007

51.182

48.178

. . . . Within 12 months

36.007

51.182

48.178

. . . . Beyond 12 months

. . Advances from customers

. . . . Within 12 months

. . . . Beyond 12 months

. . Trade payables

27.836.702

24.697.689

24.557.099

. . . . Within 12 months

27.836.702

24.697.689

24.557.099

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

45.438

. . . . Within 12 months

45.438

. . . . Beyond 12 months

. . Due to associated companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to holding companies

328.293

100.000

. . . . Within 12 months

328.293

100.000

. . . . Beyond 12 months

. . Due to the tax authorities

1.320.490

1.413.219

2.982.580

. . . . Within 12 months

1.320.490

1.413.219

2.982.580

. . . . Beyond 12 months

. . Due to social security and welfare inst.

610.915

611.867

557.399

. . . . Within 12 months

610.915

611.867

557.399

. . . . Beyond 12 months

. . Other payables

3.657.113

2.602.240

2.378.900

. . . . Within 12 months

3.178.220

2.266.347

2.164.730

. . . . Beyond 12 months

478.893

335.893

214.170

Total accounts payable

51.627.029

36.406.726

39.910.902

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

10.667

60.890

42.195

Total adjustment accounts

10.667

60.890

42.195

TOTAL LIABILITIES

102.759.360

88.084.468

85.808.937

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

9.903.867

Risk accounts

3.035.590

Civil and fiscal norms relation

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

127.543.702

131.902.398

131.300.107

. Changes in work in progress

95.191

-147.069

-288.326

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

6.534.444

3.649.802

3.435.855

. . Contributions for operating expenses

689.843

3.435.855

. . Different income and revenues

5.844.601

3.649.802

Total value of production

134.173.337

135.405.131

134.447.636

PRODUCTION COSTS

. Raw material,other materials and consum.

48.157.256

58.017.163

60.029.558

. Services received

26.825.644

25.394.186

28.672.872

. Leases and rentals

13.109.760

10.398.201

9.004.455

. Payroll and related costs

14.562.139

13.380.938

11.694.716

. . Wages and salaries

10.799.625

9.929.685

8.791.479

. . Social security contributions

2.998.747

2.783.096

2.294.765

. . Employee termination indemnities

763.767

668.157

608.472

. . Pension and similar

. . Other costs

. Amortization and depreciation

4.199.684

3.856.602

3.057.398

. . Amortization of intangible fixed assets

2.608.989

2.380.545

2.180.466

. . Amortization of tangible fixed assets

940.695

826.057

691.689

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

650.000

650.000

185.243

. Changes in raw materials

6.953.680

-2.678.817

-4.603.396

. Provisions to risk reserves

. Other provisions

1.202.000

400.000

800.000

. Other operating costs

1.023.714

1.858.189

2.098.444

Total production costs

116.033.877

110.626.462

110.754.047

Diff. between value and cost of product.

18.139.460

24.778.669

23.693.589

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

90.482

70.395

20.692

. . Financ.income from receivables

. . . Towards subsidiary companies

. . . Towards associated companies

. . . Towards holding companies

. . . Towards other companies

. . Financ.income from secur. t.f.assets

4.279

6.033

. . Financ.income from secur. cur.assets

. . Financ.income other than the above

90.482

66.116

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

46.031

. . . - Other companies

44.451

66.116

. Interest and other financial expense

674.854

-402.128

208.632

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

-674.854

402.128

Total financial income and expense

765.336

-331.733

229.324

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

. . Of equity investments

. . Of financ.fixed assets not repres.E.I.

. . Of securities incl.among current assets

. Devaluation

-1.905.700

-2.144.319

. . Of equity investments

-1.905.700

-2.144.319

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

-1.905.700

-2.144.319

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

663.336

105.110

161.526

. . Gains on disposals

. . Other extraordinary income

663.336

105.110

161.526

. Extraordinary expense

-567.735

-129.546

-424.679

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

-567.735

-129.546

-424.679

Total extraordinary income and expense

95.601

-24.436

-263.153

Results before income taxes

19.000.397

22.516.800

21.515.441

. Taxes on current income

6.961.767

8.790.944

8.603.137

. . current taxes

7.289.411

10.205.835

9.418.573

. . differed taxes(anticip.)

-327.644

-1.414.891

-815.436

. Net income for the period

12.038.630

13.725.856

12.912.304

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

12.038.630

13.725.856

12.912.304

 

RATIOS

Value Type

as at 31/12/2012

as at 31/12/2011

as at 31/12/2010

Sector Average

COMPOSITION ON INVESTMENT

Rigidity Ratio

Units

0,18

0,15

0,19

0,13

Elasticity Ratio

Units

0,82

0,84

0,75

0,85

Availability of stock

Units

0,11

0,21

0,18

0,54

Total Liquidity Ratio

Units

0,71

0,64

0,57

0,22

Quick Ratio

Units

0,15

0,12

0,10

0,04

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

0,59

0,50

0,65

4,36

Self Financing Ratio

Units

0,48

0,58

0,52

0,14

Capital protection Ratio

Units

0,60

0,58

0,54

0,56

Liabilities consolidation quotient

Units

0,18

0,03

0,08

0,15

Financing

Units

1,05

0,71

0,89

5,86

Permanent Indebtedness Ratio

Units

0,56

0,59

0,56

0,31

M/L term Debts Ratio

Units

0,08

0,01

0,03

0,10

Net Financial Indebtedness Ratio

Units

0,06

0,00

0,03

0,98

CORRELATION

Fixed assets ratio

Units

3,17

3,92

2,91

2,02

Current ratio

Units

1,92

2,09

1,73

1,15

Acid Test Ratio-Liquidity Ratio

Units

1,66

1,58

1,32

0,36

Structure's primary quotient

Units

2,73

3,83

2,73

1,06

Treasury's primary quotient

Units

0,34

0,29

0,22

0,07

Rate of indebtedness ( Leverage )

%

208,52

172,83

191,52

707,22

Current Capital ( net )

Value

40.342.481

38.616.158

27.305.562

61.776

RETURN

Return on Sales

%

12,73

13,33

12,16

2,62

Return on Equity - Net- ( R.O.E. )

%

24,43

26,93

28,82

6,19

Return on Equity - Gross - ( R.O.E. )

%

38,56

44,18

48,02

15,72

Return on Investment ( R.O.I. )

%

17,65

28,13

27,61

3,25

Return/ Sales

%

14,22

18,79

18,05

2,94

Extra Management revenues/charges incid.

%

66,37

55,39

54,50

31,16

Cash Flow

Value

16.238.314

17.582.458

15.969.702

20.178

Operating Profit

Value

18.139.460

24.778.669

23.693.589

23.558

Gross Operating Margin

Value

23.541.144

29.035.271

27.550.987

40.605

MANAGEMENT

Credits to clients average term

Days

133,11

110,44

100,07

26,46

Debts to suppliers average term

Days

115,28

95,16

90,48

152,76

Average stock waiting period

Days

31,71

49,38

42,66

158,60

Rate of capital employed return ( Turnover )

Units

1,24

1,50

1,53

1,10

Rate of stock return

Units

11,35

7,29

8,44

2,21

Labour cost incidence

%

11,42

10,14

8,91

10,29

Net financial revenues/ charges incidence

%

0,60

-0,25

0,17

-1,31

Labour cost on purchasing expenses

%

12,55

12,10

10,56

10,25

Short-term financing charges

%

n.c.

1,10

n.c.

2,10

Capital on hand

%

80,57

66,78

65,35

90,76

Sales pro employee

Value

280.315

315.555

335.805

267.102

Labour cost pro employee

Value

32.004

32.011

29.909

30.754

 

 

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

:

3.092.859

Population living in the region

:

5.788.986

Number of families in the region

:

1.966.064

 

Monthly family expences average in the region (in Eur..) :

 

- per food products

:

475

- per non food products

:

1.304

- per energy consume

:

79

 

 

Sector Data

 

The values are calculated on a base of 2.211 significant companies.

 

The companies cash their credits on an average of 26 dd.

The average duration of suppliers debts is about 153 dd.

The sector's profitability is on an average of 2,62%.

The labour cost affects the turnover in the measure of 10,29%.

Goods are held in stock in a range of 159 dd.

The difference between the sales volume and the resources used to realize it is about 1,10.

The employees costs represent the 10,25% of the production costs.

 

 

Statistical Detrimental Data

 

Statistically the trade activity passes through serious crises.

The area is statistically considered remarkably risky.

In the region 80.616 protested subjects are found; in the province they count to 41.815.

The insolvency index for the region is 1,40, , while for the province it is 1,36.

Total Bankrupt companies in the province : 18.217.

Total Bankrupt companies in the region : 28.514.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.58.84

UK Pound

1

Rs.98.41

Euro

1

Rs.80.03

                

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

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.