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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

490988

Report Date :

09.02.2018

 

 

IDENTIFICATION DETAILS

 

Name :

PRINITEX-PRINITALIA DI PAITHANKAR RAJEND RA

 

 

Registered Office :

Viale Del Benessere, 4, 33084 - Cordenons (PN)

 

 

Country :

Italy

 

 

Date of Incorporation :

01.02.1996

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of machinery for the textile industry and sewing and knitting machines

 

 

No. of Employees :

From 1 To 5

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

 

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Italy

A1

A1

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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, reaching 131% of GDP in 2017. 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 records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural impediments to growth, such as labor market inefficiencies, a sluggish judicial system, and a weak banking sector. Italy’s economy returned to modest growth in late 2014 for the first time since late 2011. In 2015-16, Italy’s economy grew more than 0.8% each year, but picked up in 2017. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.

 

Source : CIA

 

 

Company name & address

 

PRINITEX-PRINITALIA DI PAITHANKAR RAJEND RA

Viale Del Benessere, 4

33084 - Cordenons (PN) -IT-

 

 

Summary

 

Fiscal Code

:

PTHRND59P17Z222D

Legal Form

:

Sole Proprietorship

start of Activities

:

01/02/1996

Turnover Range

:

500.000/750.000

Number of Employees

:

From 1 To 5

 

 

Activity

 

Wholesale of machinery for the textile industry and sewing and knitting machines



Legal Data

 

Legal Form : Sole proprietorship

Fiscal Code : PTHRND59P17Z222D

 

Foreign Trade Reg. no. : PN013603 since 05/09/1996

 

Chamber of Commerce no. : 56501 of Pordenone since 25/03/1996

 

V.A.T. Code : 01300510938

 

R. E. C. no. : 19358 of Pordenone since 15/01/1996

 

Start of Activities

: 01/02/1996

 

Legal mail :

PRINITEX-PRINITALIA@PEC.IT

 

 

Members

 

Paithankar

Rajendra

 

Born in Pordenone

(PN)

on 17/09/1959

- Fiscal Code : PTHRND59P17Z222D

 

Residence:

Noncello

, 4

- 33170

Cordenons

(PN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Proprietor

 

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

 

Del Benessere

, 4

- 33084

- Cordenons

(PN)

- IT -

 

Trading Style: PRINITEX

 

PHONE

: 043440230

 

Legal mail

: PRINITEX-PRINITALIA@PEC.IT

 

Employees

: 1

 

Assistants

: 2

 

 

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.



National Real Estates Survey

 

The firm under review, by the reported percentages, owns the following real estates:

 

Town

Cadastre

No. Immovables

Up to Date

CORDENONS (PN)

Buildings

3

06/02/2018

 

Buildings Details

 

Cadastre

Title

Location

Sheet No.

Particle No.

Sub No.

Categorie

Classe

Consistence

Cadastrial Rent

Part No.

B

Proprieta' per 1/1 in regime di separazione dei be

CORDENONS (PN) VIA NONCELLO, 4 Piano S1-T - 1

39

1526

1

cat. A/7

2

8,5 vani

Euro:1.097,47

B

Proprieta' per 1/1 in regime di separazione dei be

CORDENONS (PN) VIA NONCELLO, 4 Piano T

39

1526

2

cat. C/6

2

34 mq

Euro:59,70

B

Proprieta' per 1/1 in regime di separazione dei be

CORDENONS (PN) VIA BELLASIO, Piano 1

41

945

17

cat. A/10

2

4,5 vani

Euro:1.150,41

 

All responsibilities are declined regarding any possible omissions concerning the given results. Therefore, we advise to request for "Hypothecating Survey Inspection" c/o the locally competent RR.II. Immovables Registry, as this service doesn't fully guarantees the actual title of the Real Estates of the requested Subject.

Financial and Economical Analysis

 

The subject has operated for along.

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

management requirements.

Its current financial situation is adequate to real needs so that

payments are settled on agreed terms and means.

Modest indebtedeness. Subject never exceeded the normal levels of

supplier and bank credit.

No irregularities are registered.

No notable criticism is expressed by common suppliers at to the

firm's business conduct which is said to be honest enough.

 

Financial Data

 

Estimated Financial Data

 

Item Type

Value

Sales

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

 

Population living in the province

:

297.699

Population living in the region

:

1.204.718

Number of families in the region

:

516.349

 

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

 

- per food products

:

377

- per non food products

:

1.727

- per energy consume

:

114



Sector Data

 

The values are calculated on a base of 2.551 significant companies.

The companies cash their credits on an average of 119 dd.

The average duration of suppliers debts is about 117 dd.

The sector's profitability is on an average of 2,27%.

The labour cost affects the turnover in the measure of 8,98%.

Goods are held in stock in a range of 58 dd.

The difference between the sales volume and the resources used to realize it is about 1,36.

The employees costs represent the 8,98% of the production costs.



Statistical Detrimental Data

 

Statistically 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

INR 64.16

UK Pound

1

INR 89.19

Euro

1

INR 78.75

Euro

1

INR 78.88

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.