MIRA
INFORM REPORT
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Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
COLORANT SA |
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Registered Office : |
La Plana,
Sn - Santa Coloma |
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Country : |
Andorra |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
01.01.1990 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture
of Veneer Sheets and other Panels and Boards |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
70000 € |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
executive summary
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Name |
COLORANT SA |
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Legal form: |
Private Limited Company |
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Status: |
Active |
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Location: |
LA PLANA,
SN - SANTA COLOMA - ANDORRA |
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Type of
professional premises: Leased |
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Telephone: |
376724664 |
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Activity: |
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NACE: |
2020 -
MANUFACTURE OF VENEER SHEETS AND OTHER PANELS AND BOARDS |
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Size: |
Medium |
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Commercial scope: |
International |
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Employees: |
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. |
Financial Year |
Number of Employees |
. |
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. |
2008 |
18 |
. |
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Economic-financial data |
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Financial Year |
Turnover |
. |
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2005 |
1650 € |
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2006 |
1780 € |
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2007 |
1850 € |
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Total investments: |
1650 € |
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Credit Opinion: |
(3/5)
NORMALITY: Although the
society presents a standard risk, it is recommended to adopt extra measures
in terms according to the purpose of the credit and the details of the
commercial relationship. |
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Recommended credit: |
70000 € |
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Credit opinion: |
According
to the obtained data and references, we consider the subject suitable for the
recommended credit. |
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Payment Behaviour: |
Normal |
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INVESTIGATION SUMMARY |
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This is a
company that has a normal commercial run. |
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enquiry
details
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NIF / Fiscal
code |
00000000T |
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Name |
COLORANT SA |
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Address |
CARRER LA PLANA S/N |
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City |
SANTA COLOMA |
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Province |
ANDORRA |
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Postcode |
AD500 |
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Telephone |
000000000 |
identification
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Company
name / Name of the subject |
COLORANT SA |
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Legal form |
Private Limited Company |
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Status |
Active |
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Start of activity |
01/01/1990 |
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Name of the maximum responsible |
EDUARDO PERERA |
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Position of the maximum responsible |
ADMINISTRADOR |
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Professional address |
LA PLANA, SN |
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City |
SANTA COLOMA |
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Province |
ANDORRA |
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Postcode |
AD500 |
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Type of premises |
Leased |
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Telephone |
376724664 |
activity
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NACE |
2020 |
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Description
of the NACE code |
MANUFACTURE OF VENEER SHEETS
AND OTHER PANELS AND BOARDS |
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Comment about the activity |
The subject is engaged in
the dyeing of natural wood panels mainly destined for the furniture industry
and ocasionally for the automotive industry, in cars cockpits and for the
building industry. - La Plana, sn,AD500- Santa Coloma-Andorra la Vella
(Andorra), is where the subject holds its head office, offices and other
facilities in a rented industrial plant of 2000 sqm. |
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Franchise |
No |
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% International commercial scope |
100% |
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Comment
about the commercial scope |
All the subject’s
production is for exporting worlwide. |
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Business size |
Medium |
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Comment
about the business size |
It is a well managed
medium-size company, which has developed correctly until now. |
Employees
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Year |
Number of Employees |
Fixed employees % |
Part time employees % |
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2008 |
18 |
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risk
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Payment Behaviour |
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Normal |
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Its complies with its
payments obligations. |
credit
opinion
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Credit Opinion: |
(3/5)
NORMALITY: Although
the society presents a standard risk, it is recommended to adopt extra
measures in terms according to the purpose of the credit and the details of
the commercial relationship. |
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Recommended
credit limit (in Euros) |
70000€ |
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Credit opinion |
According to the obtained
data and references, we consider the subject suitable for the recommended
credit. |
legal
claims
According
to official sources, there are no legal claims registered under the subject’s
name
references
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Banks |
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Bank name |
Branch |
Address |
Telephone |
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CREDIT ANDORRA |
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SUC DE ANDORRA LA VELLA (ANDORRA) |
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BANC INTERNACIONAL BANCA MORA |
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SUC DE ANDORRA LA VELLA (ANDORRA) |
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FINANCIAL
DATA 2007 (Estimation)
Data
in: Euros
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ASSETS |
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LIABILITIES |
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Tangible fixed assets |
800 |
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Capital |
750 |
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Transport |
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Long term creditors |
250 |
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Machinery and fittings |
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Long term debts with
Banks |
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Buildings and constructions |
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Short term creditors |
650 |
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Intangible fixed assets |
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Short term debts with
credit entities |
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Stock |
275 |
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Debtors |
460 |
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Cash |
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TOTAL ASSETS |
1650 |
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TOTAL LIABILITIES |
1650 |
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WORKING CAPITAL |
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SALES EVOLUTION
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Financial Year 2005 |
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1650 |
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Financial Year 2006 |
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1780 |
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Financial Year 2007 |
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1850 |
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This is a company, which
benefits from an adequate financial situation. |
INVESTIGATION SUMMARY
This is a company
that has a normal commercial run.
CONSULTED SOURCES
Investigation,
Board of Administration (according to registry), Public institution, Chamber of
Commerce, Internal/external DB, Subject
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.27 |
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UK Pound |
1 |
Rs.86.28 |
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Euro |
1 |
Rs.68.24 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)