MIRA INFORM
REPORT
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Report Date : |
20.08.2011 |
IDENTIFICATION DETAILS
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Name : |
BOSSAR PACKAGING SA |
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Registered Office : |
C/ Can Magi, 2-4., Barbera Del Valles, 08210 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1973 |
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Com. Reg. No.: |
A08314080 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of machinery for food, beverage and tobacco processing |
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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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Spain |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Bossar Packaging Sa
C/ Can Magi, 2-4.
Barbera Del Valles, 08210
Spain
Tel: +(34) 965830255
Synthesis
Employees: 66
Company Type: Public Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: ROVEMA Verpackungsmaschinen GmbH
Incorporation Date: 1973
Auditor: Bove Montero Y Asociados Sl
Financials in: USD
(Millions)
Fiscal Year End: 10-Sep-2010
Reporting Currency: Euro
Annual Sales: 12.1
1
Net Income: 0.0
Total Assets: 11.8
Business Description
Manufacture of machinery for food, beverage and tobacco processing
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2469 - Other
Specialised Machinery and Equipment Manufacturing
NACE 2002: 2953 - Manufacture
of machinery for food, beverage and tobacco processing
NAICS 2002: 333294 - Food
Product Machinery Manufacturing
UK SIC 2003: 2953 - Manufacture
of machinery for food, beverage and tobacco processing
US SIC 1987: 3556 - Food
Products Machinery
Key Executives
|
Name |
Title |
|
Klaus Kramer |
Member Of The Board, Chief Executive
Officer, President |
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Fuster Jordi |
Financial Director |
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Perez Betancourt Victor |
Marketing Director |
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Eduardo Guells Ventura |
Non Consellor Assistant Secretary |
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March Parra Raul |
Chief Buyer |
Registered No.(ESP): A08314080
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7361217
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7857929
Corporate Overview
Location
C/ Can Magi, 2-4.
Barbera Del Valles, 08210
Spain
Tel: +(34) 965830255
Sales EUR(mil): 8.9
Assets EUR(mil): 9.3
Employees: 66
Fiscal Year End: 10-Sep-2010
Industry: Miscellaneous Capital Goods
Incorporation Date: 1973
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered No.(ESP): A08314080
Member Of The Board,
Chief Executive Officer,
President: Klaus Kramer
Contents
· Industry Codes
· Business Description
· Financial Data
· Branch Offices
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2469 - Other Specialised Machinery and Equipment Manufacturing
NACE 2002 Codes:
2953 - Manufacture of machinery for food, beverage and tobacco
processing
NAICS 2002 Codes:
333294 - Food Product Machinery Manufacturing
US SIC 1987:
3556 - Food Products Machinery
UK SIC 2003:
2953 - Manufacture of machinery for food, beverage and tobacco
processing
Business
Description
Manufacture of machinery for food, beverage and tobacco processing
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Key Corporate
Relationships
Auditor: Bove Montero Y Asociados
Sl
Bank: Commerzbank
Aktiengesellschaft, S.E., Banco Atlantico, S.A., Banco De Santander
Auditor: Bove Montero Y Asociados
Sl
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Corporate Family |
Corporate Structure News: |
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Total Corporate Family Members: 2 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Fernwald, Hessen |
Germany |
Miscellaneous Capital Goods |
58.4 |
480 |
|
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Subsidiary |
Barbera Del Valles, Barcelona |
Spain |
Miscellaneous Capital Goods |
12.1 |
66 |
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Executive report
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Annual Profit & Loss
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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|
|
|
Charges |
15.0 |
12.5 |
14.6 |
|
Stock Reduction |
- |
- |
1.7 |
|
Supplies |
8.1 |
8.2 |
6.7 |
|
Goods
Consumption |
2.1 |
2.1 |
1.7 |
|
Consumption
of Raw Materials |
4.3 |
4.4 |
3.5 |
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Miscellaneous
External Expenditures |
1.7 |
1.8 |
1.4 |
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Staff Costs |
4.8 |
3.5 |
2.9 |
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Wages
and Salaries |
3.7 |
2.7 |
2.3 |
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Social
Security Costs |
1.1 |
0.8 |
0.7 |
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Depreciation |
0.1 |
0.2 |
0.3 |
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Allowance for
Trade Operations |
0.2 |
0.2 |
0.1 |
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Stock
Provision Variation |
0.1 |
0.1 |
0.1 |
|
Losses
from Unrecovered Receivables |
0.1 |
0.1 |
0.1 |
|
Other Operating
Charges |
2.7 |
2.5 |
2.2 |
|
External
Services |
2.7 |
2.4 |
2.2 |
|
Taxes |
0.0 |
0.0 |
0.0 |
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Operating
Benefits |
- |
- |
0.0 |
|
Financials and
Similar Charges |
0.2 |
0.3 |
0.4 |
|
Due
to Liabilities With Group Companies |
0.1 |
0.1 |
0.2 |
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Due
to Liabilities With Associated Companies |
0.1 |
0.1 |
0.1 |
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Exchange Losses |
0.0 |
- |
0.0 |
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Changes in
Provisions for Assets |
-1.0 |
-2.2 |
- |
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Extraordinary
Expenses |
- |
- |
0.2 |
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Expenses and
Losses From Previous Years |
- |
- |
0.0 |
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Extraordinary
Profit |
1.0 |
2.2 |
3.2 |
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Profit Before
Taxes |
- |
0.0 |
2.9 |
|
Corporation Tax |
- |
0.0 |
0.0 |
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Financial Year
Result (Profit) |
- |
0.1 |
2.8 |
|
Income |
13.0 |
12.6 |
17.5 |
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Net Total Sales |
12.4 |
12.3 |
13.1 |
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Sales |
12.3 |
12.2 |
13.1 |
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Rendering
of Services |
0.1 |
0.1 |
0.1 |
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Sales
Refunds |
- |
- |
-0.1 |
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Increase in Stocks |
0.3 |
0.2 |
- |
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Works Performed
for Fixed Assets |
0.3 |
- |
- |
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Miscellaneous
Operating Income |
0.0 |
0.1 |
0.9 |
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Auxiliary
Income From Current Management |
0.0 |
0.1 |
0.5 |
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Charges
for Provisions |
0.0 |
- |
0.4 |
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Operating Losses |
2.9 |
1.9 |
- |
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Income From
Miscellaneous Interests |
0.0 |
0.0 |
0.0 |
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From
Group Companies |
0.0 |
0.0 |
0.0 |
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Miscellaneous
Interests |
0.0 |
0.0 |
0.0 |
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Gains from
Exchange Rate |
- |
0.0 |
0.0 |
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Negative
Financial Results |
0.2 |
0.2 |
0.3 |
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Ordinary
Activities' Losses |
3.0 |
2.1 |
0.3 |
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Extraordinary
Income |
- |
- |
3.4 |
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Losses Before
Taxes |
2.0 |
- |
- |
|
Financial Year
Result (Losses) |
2.0 |
- |
- |
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 |
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Research
and Development Costs |
0.1 |
- |
0.3 |
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Goodwill |
1.0 |
- |
- |
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Software |
0.1 |
0.0 |
0.1 |
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Assets
Under Capital Lease |
- |
- |
0.1 |
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Accumulated
Depreciation |
- |
- |
-0.3 |
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Total Intangible
Fixed Assets |
1.3 |
0.0 |
0.2 |
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Land
and Construction |
- |
- |
5.5 |
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Technical
Installations and Machinery |
0.3 |
0.1 |
1.2 |
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Other
Installations, Tools, and Furniture |
0.1 |
0.0 |
0.2 |
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Other
Tangible Assets |
0.1 |
0.0 |
0.3 |
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Accumulated
Depreciation |
- |
- |
-2.2 |
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Total Tangible
Fixed Assets |
0.4 |
0.2 |
4.9 |
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Receivables
from Group Companies |
1.3 |
- |
- |
|
Long-Term
Guarantees and Deposits |
0.1 |
0.0 |
0.0 |
|
Financial
Investments |
1.4 |
0.0 |
0.0 |
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Total Fixed Assets |
3.2 |
0.2 |
5.1 |
|
Deferred Expenses |
- |
- |
0.0 |
|
Goods
for Resale |
- |
0.1 |
0.1 |
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Raw
Materials and Other Consumables |
2.0 |
1.6 |
2.8 |
|
Goods
in Process |
1.1 |
0.3 |
0.4 |
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Finished
Products |
0.4 |
0.5 |
0.4 |
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Payments
on Account |
0.0 |
0.0 |
0.0 |
|
Provisions |
- |
- |
-0.5 |
|
Total Stocks |
3.5 |
2.6 |
3.3 |
|
Trade
Debtors |
3.6 |
5.0 |
3.9 |
|
Receivables,
Group Companies |
2.3 |
0.4 |
5.2 |
|
Other
Debtors |
0.0 |
0.0 |
0.0 |
|
Staff |
0.0 |
0.0 |
0.0 |
|
Public
Bodies |
0.4 |
0.2 |
0.2 |
|
Provisions |
- |
- |
-1.0 |
|
Total Debtors |
6.3 |
5.6 |
8.3 |
|
Short-Term
Guarantees and Deposits |
0.2 |
0.2 |
- |
|
Total Short-Term
Investments |
0.2 |
0.2 |
- |
|
Cash |
0.0 |
0.1 |
0.6 |
|
Prepayments and
Accrued Income |
0.1 |
0.1 |
0.0 |
|
Total Current Assets |
10.1 |
8.5 |
12.2 |
|
Total Assets |
13.3 |
8.7 |
17.3 |
|
Revaluation
Reserves |
- |
- |
0.2 |
|
Legal
Reserve |
2.2 |
2.1 |
0.2 |
|
Miscellaneous
Reserves |
- |
- |
2.0 |
|
Total Reserves |
2.2 |
2.1 |
21.8 |
|
Prior
Year Losses |
-0.5 |
-1.9 |
-2.8 |
|
Profit or Loss
Brought Forward |
-0.5 |
-1.9 |
-2.8 |
|
Profit or Loss for
the Financial Year |
-2.1 |
0.1 |
3.0 |
|
Interim Dividend
Paid |
- |
- |
-2.2 |
|
Total Equity |
0.5 |
1.2 |
1.2 |
|
Loans
and Other Liabilities |
1.1 |
- |
1.0 |
|
Total Amounts Owed
to Credit Institutions |
1.1 |
- |
1.0 |
|
Amounts
Owed to Group Companies |
1.8 |
1.9 |
2.7 |
|
Total Debts with
Group or Affiliated Companies |
1.8 |
1.9 |
2.7 |
|
Total Long Term Liabilities |
2.9 |
1.9 |
3.6 |
|
Loans
and Other Liabilities |
0.6 |
0.4 |
1.8 |
|
Short-Term
Liabilities from Capital Leases |
- |
- |
0.0 |
|
Total Amounts Owed
to Credit Institutions |
0.6 |
0.4 |
1.8 |
|
Amounts
Owed to Group Companies |
5.9 |
2.7 |
8.6 |
|
Total Short-Term
Amounts Owed to Group and Associa |
5.9 |
2.7 |
8.6 |
|
Advanced
Payments from Customers |
1.2 |
0.9 |
0.5 |
|
Amounts
Owed for Purchases of Goods or Services |
1.5 |
0.9 |
1.2 |
|
Total Trade
Creditors |
2.8 |
1.7 |
1.7 |
|
Public
Bodies |
0.3 |
0.7 |
0.2 |
|
Miscellaneous
Debts |
0.0 |
- |
- |
|
Wages
and Salaries Payable |
0.2 |
0.1 |
0.1 |
|
Total Other
Creditors |
0.5 |
0.8 |
0.3 |
|
Provisions |
0.0 |
0.0 |
0.0 |
|
Total Short Term Creditors |
9.8 |
5.6 |
12.4 |
|
Total
Liabilities and Equity |
13.3 |
8.7 |
17.3 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
|
UK Pound |
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
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 |
|
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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.