MIRA INFORM
REPORT
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Report Date : |
22.01.2011 |
IDENTIFICATION DETAILS
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Name : |
LORAMENDI S COOP |
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Registered Office : |
Calle Alibarra (P I Gobeo), 26, 01010 Vitoria-Gasteiz Álava |
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Country : |
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Date of Incorporation : |
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Legal Form : |
Cooperative |
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Line of Business : |
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 : |
96.000,00 € |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
LORAMENDI S COOP
TAX NUMBER: F01365550
EXECUTIVE SUMMARY
Identification
Current Business Name: LORAMENDI S COOP
Other names: YES
Current Address: CALLE ALIBARRA (P I
GOBEO), 26
Telephone number: 945184300 Fax: 945184304
URL: www.loramendi.com
Corporate e-mail: post@loramendi.com
Trade Risk
Credit Appraisal: 96.000,00 €
Incidents: NO
R.A.I.: NO
Bank and business defaults of payment - ASNEF INDUSTRIAL: NO
Financial Information
Latest sales known (2009): 33.635.410,00
€ (Own Sources)
Balance sheet latest sales : For its legal form
the subject has no obligation to present its financial statement in the
Mercantile Register.
Social Capital: 7.156.981,00 €
Employees: 120
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 01/02/2004
Activity: Mfg. of machinery for min. Quarrying
& construction
NACE 2009 CODE: 2891
International Operations: Imports and Exports
Corporate Structure
President:
Participations: 6
Other Complementary Information
Latest act published in BORME: 26/01/2005 Takeover merger
project filing
Latest press article: 16/03/2008 ESTRATEGIA
EMPRESARIAL (GENERAL INFORMATION)
Bank Entities: There are
The date when this report was last updated is 21/01/2011.
The information contained in this report has been investigated and
contrasted on 21/01/2011
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000
€)
Favourable to 96.000,00 €
Credit appraisal evolution
Financial Situation
Exercise:
|
Profitability |
Null |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Excellent |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
BANK AND BUSINESS
DEFAULTS OF PAYMENT - ASNEF INDUSTRIAL
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
17/01/2011 12:01:48
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
Figures given in €
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2006 (12) OWN SOURCES |
2007 (12) OWN SOURCES |
2009 (12) OWN SOURCES |
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PROFIT AND LOSS ACCOUNT ANALYSIS |
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SALES |
41.605.935,00 |
43.000.000,00 |
33.635.410,00 |
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NET RESULT |
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-278.466,00 |
company ADDRESSES
Current Legal Seat Address:
CALLE ALIBARRA (P I GOBEO), 26
01010 VITORIA-GASTEIZ ÁLAVA
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Main Board
members, Directors and Auditor
|
POSITION |
NAME AND SURNAME |
APPOINTMENT DATE |
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PRESIDENT |
ALVAREZ JAVIER |
21/01/2011 |
Functional Managers
|
POSITION |
NAME AND SURNAME |
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Financial Director |
DIAZ DE ALBA CARLOS |
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Human Resources Director |
DIAZ DE ALBA CARLOS |
FINANCIAL LINKS
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BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
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AURRENAK SCL |
F01009166 |
Indef. |
OWN SOURCES |
30/11/2009 |
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MONDRAGON INVERSIONES S.P.E. S.COOP. |
F20182192 |
Indef. |
OWN SOURCES |
16/03/2009 |
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TRABAJADORES DE LORAMENDI S COOP |
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Indef. |
OWN SOURCES |
16/03/2009 |
There are 3 direct financial links through shareholders
registered
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BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
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LORAMENDI INC |
UNITED STATES |
100,00 |
OWN SOURCES |
07/11/2005 |
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LORAMENDI |
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100,00 |
OWN SOURCES |
07/11/2005 |
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LORAMENDI FRANCIA |
|
100,00 |
OWN SOURCES |
07/11/2005 |
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LORAMENDI VERTRIEBS |
|
65,00 |
OWN SOURCES |
07/11/2005 |
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KONIKER SDAD COOP |
F20782009 |
Indef. |
OWN SOURCES |
24/11/2010 |
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NECADEX XXI SOCIEDAD LIMITADA. |
B95062550 |
Indef. |
OWN SOURCES |
07/11/2005 |
Former Participations
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BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
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MOYVEN SA |
A20040929 |
10,00 |
OWN SOURCES |
26/04/2006 |
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PIEZAS Y RODAJES SA |
A50225614 |
Indef. |
TRADE REG. |
31/12/2006 |
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BURDINBERRI S.L. |
B01192673 |
Indef. |
OWN SOURCES |
23/02/2009 |
POTENTIAL LINKS
Search Criterion: ”LORAMENDI S COOP”
URL: www.loramendi.com
LORAMENDI Version Flash.
URL: www.foundry-planet.com
LORAMENDI and GEVITEC now togehter - foundry-planet®.com.... LORAMENDI
and GEVITEC now togehter. GEVITEC, a Brazilian high technology company ...
Contact to LORAMENDI S, Coop in our Suppliers Proflie. <- Back to: Home ...
URL: www.mondragon-corporation.com
Loramendi - MONDRAGON Corporation Loramendi, part of the MONDRAGON
Corporation, Co-operative Experience. ... History: © MONDRAGON S. COOP. | Legal
Notice.
CREDIT INFORMATION
Incorporation date: 01/02/2004
Activity: Mfg. of machinery for min. Quarrying &
construction
NACE 2009 CODE: 2891
NACE 2009 Activity: Manufacture of machinery for metallurgy
Activity description: DISENO Y FABRICACION DE MAQUINARIA Y EQUIPOS
PARA LA FABRICACION DE MACHOS DE ARENA EN EL SECTOR DE LA FUNDICION.
AUTOMATIZACION DE PROCESOS EN EL SECTOR AUTOMATICO.
Latest employees figure: 120 (2011)
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
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BANCO GUIPUZCOANO, S.A. |
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VITORIA-GASTEIZ |
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VITORIA-GASTEIZ |
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There are 2 bank entities registered
Brands
Brand name: LORAMENDI (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 26/11/2009
Brand name: LORAMATIC (Valid)
Type: DENOMINATIVE Scope: INTERNATIONAL
Date: 25/04/1997
Brand name: KEYCORE (Valid)
Type: DENOMINATIVE Scope: INTERNATIONAL
Date: 06/06/1994
LEGAL
STRUCTURE
Constitution Data
Register Date: 01/02/2004
Legal form: Cooperative
Social Capital: 7.156.981,00 €
Paid-up capital: 7.156.981,00 €
Legal Aspects
Obligation to fill in Financial Statements: NO
Chamber census: YES (2009)
B.O.R.M.E.
(OFFICIAL COMPANIES
REGISTRY GAZETTE)
· Acts on activity: 0
· Acts on administrators: 0
· Acts on capital: 0
· Acts on creation: 0
· Acts on filed accounts: 0
· Acts on identification: 0
· Acts on Information: 0
· Acts on proceedings: 1 (Last: 26/01/2005)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Takeover merger project filing |
26/01/2005 |
44922 |
Álava |
There are 1 acts registered
PRESS ARTICLES
Press summary by
type of information (last five years)
· Legal notices: 0
· Structural Data: 0
· Informative data: 3 (Last: 16/03/2008, first: 01/06/2006)
· Financial Information: 0
· Negative information: 0
· Business lines: 0
Historical press releases: 2 (Last: 15/12/2005, first:
29/11/2005)
Latest press article published
16/03/2008 ESTRATEGIA EMPRESARIAL - GENERAL INFORMATION
LORAMENDI HA COMENZADO 2008 CON CONTRATOS POR UNOS 10 MM. DE EUROS EN
PAISES COMO FINLANDIA, EEUU, ALEMANIA, REPUBLICA CHECA E INDIA, CON LO QUE
PREVE UN INCREMENTO SUPERIOR AL 30% EN SU FACTURACION PARA 2008. ASI CONFIRMA
SU LIDERAZGO MUNDIAL Y CONSOLIDA SU NEGOGIO DE MOLDEO, SUPERANDO UNA CUOTA DE
MERCADO DEL 20% A NIVEL MUNDIAL. LA CIA., EXPORTARA EN 2008 EL 95% DE SU
FACTURACION DEBIDO AL BAJO VOLUMEN DE INVERSIONES EN LAS FUNDICIONES ESPAÑOLAS
Y ABRIRA 2 NUEVAS FILIALES, EN CIUDAD DEL CABO (SUDAFRICA) Y EN PUNE (INDIA).
POR OTRO LADO, A LO
05/10/2006 LA GACETA - AGREEMENTS BETWEEN
COMPANIES
LA COOPERATIVA VASCA LORAMENDI, INTEGRADA EN EL GRUPO MCC, VA A SUMINISTRAR
A LA INDIA TATA MOTORS UNA LINEA AUTOMATICA PARA LA PRODUCCION DE BLOQUES DE
MOTOR. EL CONTRATO, POR UN IMPORTE DE 3 MM. DE EUROS, CONTEMPLA LA ENTREGA DE
LOS EQUIPOS EN UN TIEMPO RECORD DE 5 MESES. EL PEDIDO DE LA INDIA A LA
COOPERATIVA DE MCC ES CONTINUACION DE OTRO SUMINISTRO DE 2005, POR CERCA DE 3
MM. ESTOS PEDIDOS PARA TATA MOTORS SUPONEN LA ENTRADA DE LORAMENDI EN INDIA Y,
MAS CONCRETAMENTE, EN EL SECTOR DE FUNDICION. ESTA EVOLUCION HA LLEVADO A LA
COOPERATIVA ALAVESA A ESTUDIAR UNA POSIBLE IMPLANTACION PROPIA EN
01/06/2006 ESTRATEGIA EMPRESARIAL - GENERAL
INFORMATION
LORAMENDI, CON UNA PLANTILLA DE 124 PERSONAS, HA RESULTADO ADJUDICATARIA
DE UN CONTRATO POR 15 MM. DE EUROS PARA EL SUMINISTRO DE TODA LA MAQUINARIA DE
LA NUEVA EMPRESA TECHNOCAST EN MEXICO. ASIMISMO, TAMBIEN ENTREGARA A LA EMPRESA
WUAPACA EN ESTADOS UNIDOS VARIAS LINEAS PARA LA FABRICACION DE DISCOS DE FRENO
POR UN VALOR SUPERIOR A 6 MM. DE EUROS Y HA FIRMADO EN CHINA 2 CONTRATOS PARA
SUMINISTRAR EN 2006 DOS LINEAS DE MOLDEO POR 3 MM. DE EUROS PARA WANXIANG EN
HENAN. EN ESPAÑA Y DENTRO DEL SECTOR AERONAUTICO, SUMINISTRARA A LA PLANTA DE
AIRBUS EN GETAFE POR IMPORTE DE 1,5 MM. LORAMENDI PREVE INCREMENTAR UN 52% SU
FACTURACION EN 2006 HASTA LOS 38 MM. DE EUROS.
15/12/2005 EMPRESA XXI - GENERAL INFORMATION
LA COOPERATIVA LORAMENDI SE HA ADJUDICADO DOS CONTRATOS EN
29/11/2005 EXPANSIÓN DEL PAIS VASCO - BUSINESS
PRIZES
ESTA SDAD. HA RESULTADO GALARDONADA CON EL PREMIO A LA EXPORTACION DE LA
CAMARA DE COMERCIO DE ALAVA.
There are 5 press articles registered for this company
Complementary Information
Current situation
Según Borme Sección II de fecha 12/05/2005 esta sociedad se encuentra en
proceso de absorber a INVERSIONES IGLOR SL NIF B01043769.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.70 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.61.65 |
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 |
|
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 |
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.