MIRA INFORM REPORT

 

 

Report Date :           

18.08.2011

 

IDENTIFICATION DETAILS

 

Name :

EUROMOHATAR SL

 

 

Registered Office :

C/ General Astilleros, 33., Melilla, 52006

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2009

 

 

Year of Establishment :

2003

 

 

Com. Reg. No.:

B52008869

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Non-specialised wholesale of food, beverages and tobacco

 

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 :

No Complaints

 

 

Litigation :

----

 

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 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Spain

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address 

 

Euromohatar Sl

C/ General Astilleros, 33.

Melilla, 52006

Spain

Tel:       +(34) 952677605

 

 

Synthesis     

 

Employees:                  3

Company Type:            Private Independent

Incorporation Date:         2003   

Financials in:                 USD (Millions)

Fiscal Year End:            30-Sep-2010

Reporting Currency:       Euro

Annual Sales:               13.2  1

Net Income:                  0.3

Total Assets:                2.5

 

 

Business Description     

 

Non-specialised wholesale of food, beverages and tobacco

 

Industry

Industry            Food Processing

ANZSIC 2006:    3609 - Other Grocery Wholesaling

NACE 2002:      5139 - Non-specialised wholesale of food, beverages and tobacco

NAICS 2002:     424490 - Other Grocery and Related Products Merchant Wholesalers

UK SIC 2003:    5139 - Non-specialised wholesale of food, beverages and tobacco

US SIC 1987:    5149 - Groceries and Related Products, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Abdelkader Abdelkader Abselan

Administrator, Director/General Manager

 

Registered No.(ESP): B52008869

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7402546

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7324934

 

 

Corporate Overview

 

Location

C/ General Astilleros, 33.

Melilla, 52006

Spain

Tel:       +(34) 952677605

           

Sales EUR(mil):             9.8

Assets EUR(mil):           1.8

Employees:                   3

Fiscal Year End:            30-Sep-2010

Industry:                        Food Processing

Incorporation Date:         2003

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(ESP):     B52008869

Administrator,

Director/General

Manager:                       Abdelkader Abdelkader Abselan

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3609     -          Other Grocery Wholesaling

 

NACE 2002 Codes:

5139     -          Non-specialised wholesale of food, beverages and tobacco

 

NAICS 2002 Codes:

424490  -          Other Grocery and Related Products Merchant Wholesalers

 

US SIC 1987:

5149     -          Groceries and Related Products, Not Elsewhere Classified

 

UK SIC 2003:

5139     -          Non-specialised wholesale of food, beverages and tobacco

 

Business Description

Non-specialised wholesale of food, beverages and tobacco

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

9.8

Net Income:

0.2

Assets:

1.8

Current Assets:

1.6

 

Fixed Assets:

0.2

 

Long Term Debt:

0.0

 

Total Liabilities:

1.8

 

Issued Capital:

0.0

 

Net Worth:

0.2

 

 

 

Date of Financial Data:

30-Sep-2010

 

1 Year Growth

NA

NA

NA

 

Key Corporate Relationships

Bank:

Banco Bilbao Vizcaya Argentaria, S.A.

 

 

 

 

 

 

 

 

 

 

Executive report

 

 

Executives

 

Name

Title

Function

 

Abdelkader Abdelkader Abselan

 

Administrator, Director/General Manager

Division Head Executive

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

Consolidated

No

No

No

 

 

 

 

Charges

13.3

11.6

11.5

    Staff Costs

0.1

0.1

0.1

        Wages and Salaries

0.1

0.1

0.1

        Social Security Costs

0.0

0.0

0.0

    Depreciation

0.0

0.0

0.0

    Other Operating Charges

0.0

0.0

0.0

Operating Benefits

0.3

0.3

0.2

Net Financial Income

0.0

0.0

0.0

Profit From Ordinary Activities

0.3

0.3

0.2

Extraordinary Profit

0.0

-

-

Profit Before Taxes

0.3

0.3

0.2

    Corporation Tax

0.0

0.0

0.0

Financial Year Result (Profit)

0.3

0.2

0.2

Income

13.6

11.8

11.7

    Net Total Sales

13.6

11.8

11.6

    Extraordinary Income

0.0

-

-

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

    Total Tangible Fixed Assets

0.3

0.4

0.4

Total Fixed Assets

0.3

0.4

0.4

    Total Stocks

0.6

0.6

0.6

    Total Debtors

-

-

0.3

    Total Short-Term Investments

0.0

0.1

0.1

    Cash

1.7

1.1

0.9

Total Current Assets

2.3

1.8

1.8

Total Assets

2.6

2.2

2.2

    Total Reserves

0.0

0.0

-

    Profit or Loss Brought Forward

-

0.0

0.4

    Profit or Loss for the Financial Year

0.3

0.2

0.2

Total Equity

0.3

0.3

0.6

Total Deferred Income

-

-

0.0

Total Short Term Creditors

2.3

1.9

1.6

Total Liabilities and Equity

2.6

2.2

2.2

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.74.56

Euro

1

Rs.65.34

 

 

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.