MIRA INFORM REPORT

 

 

Report Date :           

17.12.2011

 

IDENTIFICATION DETAILS

 

Name :

INDUSTRIAS PUIGJANER SA

 

 

Registered Office :

Calle Pintor Vilacinca 30 ( Pol. Can Humet De Dalt ), Polinya, 08213

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2009

 

 

Year of Establishment :

1972

 

 

Com. Reg. No.:

A08297491

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

Manufacture of metal forming machinery

 

 

No. of Employees :

51 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Spain

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Industrias Puigjaner Sa

Calle Pintor Vilacinca 30 ( Pol. Can Humet De Dalt )

Polinya, 08213

Spain

Tel:       +(34) 937132001

Fax:      +(34) 937131125

Web:    www.denn.es

           

 

Synthesis

 

Employees:                  51

Company Type:            Public Independent

Incorporation Date:         1972

Auditor:                        Rsb Auditores Asociados          

Financials in:                 USD (Millions)

Fiscal Year End:            06-Oct-2010

Reporting Currency:       Euro

Annual Sales:                10.9  1

Net Income:                  0.4

Total Assets:                15.1

 

 

Business Description     

 

Manufacture of metal forming machinery

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2463 - Machine Tool and Parts Manufacturing

NACE 2002:      2942 - Manufacture of other metalworking machine tools

NAICS 2002:     33351 - Metalworking Machinery Manufacturing

UK SIC 2003:    2942 - Manufacture of other metalworking machine tools

US SIC 1987:    3549 - Metalworking Machinery, Not Elsewhere Classified

 

           


Key Executives   

 

Name

Title

Eduardo Puigjaner Colom

President, Chief Executive Officer, Member Of The Board

Puigjaner Colom Eduardo

Managing Director, Commercial Manager, Financial Director

Elena Puigjaner Colom

Member Of The Board, Vice Secretary

Juan Noberto Rovirosa Fernandez

Member Of The Board, Secretary

Juan Francisco Puigjaner Colom

Member Of The Board, Vice Chairman, Chief Executive Officer

 

Registered No.(ESP): A08297491

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7409301

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7199683

 

 

Corporate Overview

 

Location

Calle Pintor Vilacinca 30 ( Pol. Can Humet De Dalt )

Polinya, 08213

Spain

Tel:       +(34) 937132001

Fax:      +(34) 937131125

Web:    www.denn.es

           

Sales EUR(mil):             8.1

Assets EUR(mil):           10.9

Employees:                   51

Fiscal Year End:            06-Oct-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1972

Company Type:             Public Independent

Quoted Status:              Not Quoted

Registered No.(ESP):     A08297491

 

President,

Chief Executive Officer,

Member Of The Board:   Eduardo Puigjaner Colom

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2463     -          Machine Tool and Parts Manufacturing

 

NACE 2002 Codes:

2942     -          Manufacture of other metalworking machine tools

 

NAICS 2002 Codes:

33351   -          Metalworking Machinery Manufacturing

 

US SIC 1987:

3549     -          Metalworking Machinery, Not Elsewhere Classified

 

UK SIC 2003:

2942     -          Manufacture of other metalworking machine tools

 

Business Description

Manufacture of metal forming machinery

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

8.1

Net Income:

0.3

Assets:

10.9

Current Assets:

6.7

 

Fixed Assets:

4.2

 

Long Term Debt:

1.1

 

Total Liabilities:

10.9

 

Issued Capital:

0.4

 

Net Worth:

3.3

 

 

 

Date of Financial Data:

06-Oct-2010

 

1 Year Growth

26.4%

NA

NA

 

Key Corporate Relationships

Auditor:

Rsb Auditores Asociados

Bank:

Banco De Sabadell, S.A.

 

Auditor:

Rsb Auditores Asociados

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Juan Francisco Puigjaner Colom

 

Member Of The Board, Vice Chairman, Chief Executive Officer

Vice-Chairman

 

Elena Puigjaner Colom

 

Member Of The Board, Vice Secretary

Director/Board Member

 

Eduardo Puigjaner Colom

 

President, Chief Executive Officer, Member Of The Board

Director/Board Member

 

Paulina Puigjaner Colom

 

Member Of The Board, Treasurer

Director/Board Member

 

Juan Noberto Rovirosa Fernandez

 

Member Of The Board, Secretary

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Eduardo Puigjaner Colom

 

President, Chief Executive Officer, Member Of The Board

Chief Executive Officer

 

Puigjaner Colom Eduardo

 

Managing Director, Commercial Manager, Financial Director

Managing Director

 

Elena Puigjaner Colom

 

Member Of The Board, Vice Secretary

Administration Executive

 

Juan Noberto Rovirosa Fernandez

 

Member Of The Board, Secretary

Administration Executive

 

Paulina Puigjaner Colom

 

Member Of The Board, Treasurer

Treasurer

 

 

 

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

14.7

16.0

13.3

    Supplies

8.3

8.7

6.9

        Goods Consumption

0.2

0.6

0.0

        Consumption of Raw Materials

5.7

4.2

4.1

        Miscellaneous External Expenditures

2.5

3.9

2.8

    Staff Costs

3.0

3.7

2.8

        Wages and Salaries

2.4

2.8

2.2

        Social Security Costs

0.6

0.8

0.6

    Depreciation

0.4

0.4

0.4

    Allowance for Trade Operations

-

0.0

-

        Variation of Other Trade Provisions

-

0.0

-

    Other Operating Charges

2.3

2.5

2.8

        External Services

2.3

2.5

2.7

        Taxes

0.0

0.0

0.0

Operating Benefits

0.9

0.7

0.1

    Financials and Similar Charges

0.5

0.4

0.3

        Due to Liabilities With Group Companies

-

0.0

-

        Due to Other Liabilities

0.5

0.4

0.3

    Changes in Financial Investment Provisions

0.0

0.2

-

    Exchange Losses

-

0.0

0.0

Net Financial Income

-

-

0.2

Profit From Ordinary Activities

0.4

0.3

0.3

    Changes in Provisions for Assets

0.0

0.0

-

    Losses From Assets and Securities Portfolio

0.0

-

-

    Extraordinary Expenses

-

-

0.0

Extraordinary Profit

0.1

-

0.2

Profit Before Taxes

0.5

0.3

0.5

    Corporation Tax

0.1

0.0

0.1

Financial Year Result (Profit)

0.4

0.2

0.4

Income

15.1

16.2

13.7

    Net Total Sales

11.3

9.5

11.7

        Sales

12.3

10.2

12.9

        Rendering of Services

0.3

0.4

0.2

        Sales Refunds

-1.3

-1.1

-1.3

    Increase in Stocks

2.4

4.5

0.2

    Works Performed for Fixed Assets

0.9

1.1

0.7

    Miscellaneous Operating Income

0.4

0.8

0.4

        Auxiliary Income From Current Management

0.0

0.1

0.0

        Grants

0.4

0.8

0.4

    Income From Miscellaneous Interests

0.0

0.2

0.5

        Miscellaneous Interests

0.0

0.2

0.5

        Profit on Financial Investment

-

0.0

-

    Gains from Exchange Rate

0.0

-

-

Negative Financial Results

0.5

0.4

-

    Profit on Disposal of Assets

-

0.0

0.1

    Profit on Transactions in Own Shares and Debenture

-

-

0.0

    Capital Grants Transferred to Profit and Loss

0.1

-

0.1

    Extraordinary Income

-

-

0.0

Negative Extraordinary Results

-

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

 

 

 

 

        Research and Development Costs

-

-

0.1

        Concessions, Patents, Trademarks

4.7

3.7

3.2

        Software

0.1

0.2

0.3

        Assets Under Capital Lease

-

-

0.6

        Accumulated Depreciation

-

-

-1.4

    Total Intangible Fixed Assets

4.8

3.8

2.8

        Technical Installations and Machinery

0.2

0.2

0.3

        Other Installations, Tools, and Furniture

0.1

0.1

0.1

        Other Tangible Assets

0.4

0.4

0.6

        Accumulated Depreciation

-

-

-0.5

    Total Tangible Fixed Assets

0.7

0.7

0.5

        Investments in Group Companies

-

0.0

0.3

        Long-Term Securities Portfolio

0.0

0.2

0.4

        Long-Term Guarantees and Deposits

0.2

0.3

0.3

    Financial Investments

0.3

0.5

1.0

    Own Shares

0.2

0.2

0.2

Total Fixed Assets

6.0

5.2

4.6

Deferred Expenses

-

-

0.0

        Goods for Resale

6.0

7.2

3.6

        Payments on Account

0.2

0.2

0.2

    Total Stocks

6.2

7.5

3.9

        Trade Debtors

0.8

0.9

4.8

        Receivables, Group Companies

-

0.6

-

        Staff

0.0

0.0

0.0

        Public Bodies

0.8

1.7

1.8

    Total Debtors

1.7

3.2

6.6

        Receivables from Group Companies

0.0

0.0

0.4

        Other Receivables

0.0

0.0

0.9

        Short-Term Guarantees and Deposits

-

0.0

-

    Total Short-Term Investments

0.1

0.1

1.3

    Cash

1.6

0.4

0.3

    Prepayments and Accrued Income

0.0

0.0

-

Total Current Assets

9.6

11.2

12.1

Total Assets

15.6

16.4

16.7

        Legal Reserve

0.1

0.1

0.1

        Reserves for Own Shares

0.2

0.2

0.2

        Miscellaneous Reserves

3.5

4.0

4.4

    Total Reserves

3.8

4.3

4.7

    Profit or Loss for the Financial Year

0.4

0.2

0.4

Total Equity

4.8

5.1

5.7

        Capital Grants

-

-

0.6

Total Deferred Income

-

-

0.6

        Loans and Other Liabilities

1.5

0.1

0.1

        Long-Term Liabilities from Capital Leases

-

-

0.2

    Total Amounts Owed to Credit Institutions

1.5

0.1

0.3

        Other Creditors

0.1

0.2

0.3

    Total Other Creditors

0.1

0.2

0.3

Total Long Term Liabilities

1.6

0.3

0.6

        Loans and Other Liabilities

4.0

4.9

4.8

    Total Amounts Owed to Credit Institutions

4.0

4.9

4.8

        Amounts Owed to Group Companies

0.1

0.0

-

    Total Short-Term Amounts Owed to Group and Associa

0.1

0.0

-

        Advanced Payments from Customers

1.2

1.7

1.5

        Amounts Owed for Purchases of Goods or Services

3.4

3.8

2.6

    Total Trade Creditors

4.6

5.5

4.1

        Public Bodies

0.5

0.5

0.3

        Miscellaneous Debts

-

-

0.4

        Wages and Salaries Payable

0.0

0.1

0.1

    Total Other Creditors

0.5

0.6

0.7

    Prepayments and Accrued Income

-

-

0.1

Total Short Term Creditors

9.2

10.9

9.8

Total Liabilities and Equity

15.6

16.4

16.7

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.81

UK Pound

1

Rs.82.00

Euro

1

Rs.68.81

 

 

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.