MIRA INFORM REPORT

 

 

Report No. :

351865

Report Date :

01.12.2015

 

IDENTIFICATION DETAILS

 

Name :

M E A DI SANESI ALESSANDRO E C. S.A.S.

 

 

Registered Office :

Via Rimini, 37 59100 – Prato (PO)

 

 

Country :

Italy

 

 

Date of Incorporation :

01.01.1986

 

 

Legal Form :

Limited Partnership

 

 

Line of Business :

Wholesale of Raw and Semi-Finished Textile Fibres

 

 

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 :

Slow but correct

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Italy

A1

A1

 

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 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 132% of GDP in 2014, 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 tax evasion. In 2014 economic growth and labor market conditions continued to deteriorate, with overall unemployment rising to 12.2% and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007 pre-crisis level.

 

Source : CIA

 

 

Company Name and address

 

M E A DI SANESI ALESSANDRO E C. S.A.S.

 

Via Rimini, 37

 

59100 – Prato (PO) -IT-

 

 

Summary

 

Fiscal Code

:

02094720485

Legal Form

:

Limited partnership

start of Activities

:

03/10/1986

Turnover Range

:

375.000/500.000

Number of Employees

:

from 1 to 5

 

 

Activity

 

Wholesale of raw and semi-finished textile fibres

 

 

Legal Data

 

Legal Form : Limited partnership

Fiscal Code : 02094720485

 

Chamber of Commerce no. : 386317 of Firenze

 

Chamber of Commerce no. : 386317 of Prato since 30/05/1986

 

V.A.T. Code : 00282510973

 

Foundation date

: 01/01/1986

Establishment date

: 09/04/1986

Start of Activities

: 03/10/1986

Legal duration

: 31/12/2010

Nominal Capital

: 2.582

Subscribed Capital

: 2.582

Paid up Capital

: 2.582

 

Legal mail :

MEA@LEGALMAIL.IT

 

 

Members

 

Sanesi

Alessandro

 

Born in Prato

(FI)

on 26/12/1965

- Fiscal Code : SNSLSN65T26G999Z

 

Residence:

Campo Al Pero

, SNC

- 57025

Piombino

(LI)

- IT -

 

Position

Since

Shares Amount

% Ownership

General Partner

 

No Prejudicial events are reported

 

No Protests registered

 

Sanesi

Monica

 

Born in Firenze

(FI)

on 18/05/1958

- Fiscal Code : SNSMNC58E58D612T

 

Residence:

Del Bisenzio A San Martino

, 9/B

- 59100

Prato

(PO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Limited Partner

 

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.

 

Sanesi

Monica

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Grido If S.a.s. Di Sanesi Monica E C.

Prato (PO) - IT -

01820600979

General 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.

 

 

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

 

Rimini

, 37

- 50047

- Prato

(PO)

- IT -

 

PHONE

: 0574594208

 

Legal mail

: MEA@LEGALMAIL.IT

 

-

Branch

since 01/10/2012

 

Ferrucci

, 146

- 50047

- Prato

(PO)

- IT -

 

-

Branch

since 01/10/2012

 

Ferrucci

, 146

- 50047

- Prato

(PO)

- IT -

 

PHONE

: 0574594208

 

Employees

: 1

 

Assistants

: 1

 

 

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

 

The subject has been acting for many years on local market.

As regards liquid means, subject is able to face the necessary management requirements.

Subject's payment experiences we record are all positive.

Debt position is quite sure. Regular use of supplier and bank credit.

Correct trade relations. No meaningful remark is expressed by usual suppliers.



Financial Data

 

Estimated Financial Data

 

Item Type

Value

Sales

500.000

 

 

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

:

238.826

Population living in the region

:

3.598.269

Number of families in the region

:

1.474.681

 

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

 

- per food products

:

444

- per non food products

:

2.009

- per energy consume

:

122

 

 

Sector Data

 

The values are calculated on a base of 6.137 significant companies.

The companies cash their credits on an average of 121 dd.

The average duration of suppliers debts is about 120 dd.

The sector's profitability is on an average of 2,22%.

The labour cost affects the turnover in the measure of 7,77%.

Goods are held in stock in a range of 62 dd.

The difference between the sales volume and the resources used to realize it is about 1,27.

The employees costs represent the 7,90% of the production costs.

 

 

Statistical Detrimental Data

 

Statistically the trade activity passes through serious crises.

The area is statistically considered moderately risky.

In the region 24.960 protested subjects are found; in the province they count to 2.055.

The insolvency index for the region is 0,70, , while for the province it is 0,88.

Total Bankrupt companies in the province : 3.109.

Total Bankrupt companies in the region : 20.423.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.81

UK Pound

1

Rs.100.37

Euro

1

Rs.70.68

ITL

1

Rs.70.44

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

NIT

 

               


 

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.