MIRA INFORM REPORT
|
Report No. : |
345139 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
COBRA CORAL F.LLI MERLINO S.A.S. DI MERL INO
LUCA |
|
|
|
|
Registered Office : |
Via Scappi Novesca, 4 80059 - Torre
del Greco (NA) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Date of Incorporation : |
23.04.2002 |
|
|
|
|
Legal Form : |
Limited partnership |
|
|
|
|
LINE OF BUSINESS : |
SHAPING
OF PRECIOUS AND SEMI-PRECIOUS STONES FOR JEWELLERY AND FOR INDUSTRIAL USE |
|
|
|
|
No. of Employee : |
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
COBRA CORAL F.LLI MERLINO S.A.S. DI MERL INO LUCA
Via Scappi Novesca, 4
80059 - Torre del
Greco (NA) -IT-
Summary
|
Fiscal Code |
: |
04206401210 |
|
Legal Form |
: |
Limited partnership |
|
Establishment Date |
: |
23/04/2002 |
|
Turnover Range |
: |
150.000/200.000 |
|
Number of Employees |
: |
from 1 to 5 |
|
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
Shaping of precious and semi-precious stones for jewellery and for
industrial use
Legal
Data
Legal Form : Limited partnership
|
Register of Handcraft firms : 153663 of Napoli |
|
Fiscal Code : 04206401210 |
|
Municipal Licence : 386/06/T of since 12/07/2006 |
|
Chamber of Commerce no. : 676233 of Napoli since 10/05/2002 |
|
V.A.T. Code : 04206401210 |
|
Establishment date |
: 23/04/2002 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 30.000 |
|
|
Subscribed Capital |
: 30.000 |
|
|
Paid up Capital |
: 30.000 |
Members
|
|
Merlino |
Luca |
|
|
Born in Torre del Greco |
(NA) |
on 05/09/1982 |
- Fiscal Code : MRLLCU82P05L259Y |
|
|
Residence: |
Bianchini |
, 3 |
- 80059 |
Torre del Greco |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
General Partner |
23/04/2002 |
15.000 - |
50,00 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Merlino |
Raffaele |
|
|
Born in Torre del Greco |
(NA) |
on 22/01/1974 |
- Fiscal Code : MRLRFL74A22L259V |
|
|
Residence: |
Bianchini |
, 3 |
- 80059 |
Torre del Greco |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Limited Partner |
23/04/2002 |
15.000 - |
50,00 |
|
|
No Prejudicial events are reported |
|
|
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:
|
- |
Legal and operative seat |
|
Scappi Novesca |
, 4 |
- 80059 |
- Torre del Greco |
(NA) |
- IT - |
|
Assistants |
: 2 |
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.
Financial means are adequate and allow a normal fulfilment of
bonds towards third parties.
It has a well-balanced economical-financial structure. Normally,
engagments are settled on fixed terms.
Modest indebtedeness. Subject never exceeded the normal levels of
supplier and bank credit.
Commercial transactions with suppliers have proved good so far.
No claims are registered.
Financial
Data
|
Estimated Financial Data |
|
Item Type |
Value |
|
Sales |
200.000 |
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 |
: |
|
Monthly 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 591 significant companies.
The companies cash their credits on an average of 100 dd.
The average duration of suppliers debts is about 105 dd.
The sector's profitability is on an average of 2,17%.
The labour cost affects the turnover in the measure of 13,32%.
Goods are held in stock in a range of 87 dd.
The difference between the sales volume and the resources used to
realize it is about 1,10.
The employees costs represent the 13,08% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
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.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.