MIRA INFORM REPORT

 

 

Report No. :

352930

Report Date :

08.12.2015

 

IDENTIFICATION DETAILS

 

Name :

EUROPELL SP.ZO.O.

 

 

Registered Office :

Via Ul. Al. Mickiewicza Int. 4, 58 Localita' Niemcz, - Osielsko ( ) -It-

 

 

Country :

Italy

 

 

Date of Incorporation :

07.01.2015

 

 

Legal Form :

Company Incorporated Following Foreign Laws

 

 

Line of Business :

Wholesale of skins and untreated and treated leather (except skins for furs)

 

 

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 :

New Business

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, 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 & address

 

EUROPELL SP.ZO.O.

Via Ul. Al. Mickiewicza Int. 4, 58 Localita' Niemcz

- Osielsko ( ) -It-

 

 

Summary

 

Fiscal Code

:

03919810246

Legal Form

:

Company incorporated following foreign laws

start of Activities

:

07/01/2015

Number of Employees

:

from 1 to 5

 

 

Activity

 

Wholesale of skins and untreated and treated leather (except skins for furs)



Legal Data

 

Legal Form : Company incorporated following foreign laws

Fiscal Code : 03919810246

 

Chamber of Commerce no. : 365004 of Vicenza since 01/12/2014

 

V.A.T. Code : 03919810246

 

Establishment date

: 01/12/2014

Start of Activities

: 07/01/2015

 

Legal mail :

EUROPELLITALIA@LEGALMAIL.IT

 

Legal mail :

EUROPELLITALIA@LEGALMAIL.IT

 

 

Members

 

Dardzinski

Daniel Marcin

 

Born in Gdynia

( )

on 19/07/1976

- Fiscal Code : DRDDLM76L19Z127N

 

Residence:

Stadio

, 36

- 36071

Arzignano

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

09/04/2004

 

No Prejudicial events are reported

 

No Protests registered

 

Dardzinska

Anna Katarzyna

 

Born in Bydgoszcz

( )

on 23/02/1982

 

Residence:

Ulica Twardzickiego

, 62

Bydgoszcz

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

09/04/2004

 

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

 

Ul. Al. Mickiewicza Int. 4

, 58

- Osielsko

- IT -

 

Legal mail

: EUROPELLITALIA@LEGALMAIL.IT

 

-

Legal and operative seat

 

NIEMCZ UL. AL. MICKIEWICZA INT. 4

, Loc: Localita' Niemcz

- OSIELSKO

- PL -

 

-

Secondary office

since 23/10/2014

 

Stadio

, 36

- 36071

- Arzignano

(VI)

- IT -

 

Legal mail

: EUROPELLITALIA@LEGALMAIL.IT

 

 

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.



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.

 

 

Sector Data

 

The values are calculated on a base of 941 significant companies.

The companies cash their credits on an average of 90 dd.

The average duration of suppliers debts is about 77 dd.

The sector's profitability is on an average of 1,61%.

The labour cost affects the turnover in the measure of 4,81%.

Goods are held in stock in a range of 37 dd.

The difference between the sales volume and the resources used to realize it is about 1,64.

The employees costs represent the 4,83% of the production costs.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.63

UK Pound

1

Rs.100.65

Euro

1

Rs.72.40

ITL

1

Rs.72.48

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TPT

 


               

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.