MIRA INFORM
REPORT
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Report Date : |
23.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SUCESORES DE SIMON FRANCO SA |
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Registered Office : |
Constitucion, 5, Cuarte De Huerva, 50410 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1994 |
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Com. Reg. No.: |
A50589951 |
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Legal Form : |
Public Independent |
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Line of Business : |
Manufacturer of jewellery and related articles |
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
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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 |
Bottom of Form
Company name & address
Sucesores De Simon Franco Sa
Constitucion, 5
Cuarte De Huerva, 50410
Spain
Tel: +(34) 976505344
Synthesis
Employees: 27
Company Type: Public Independent
Incorporation Date: 1994
Auditor: Fernando
Mercadal Mairal
Financials in: USD
(Million)
Fiscal Year End:
15-Apr-2011
Reporting Currency: Euro
Annual Sales:
21.2 1
Net Income: 0.0
Total Assets: 16.1
Business Description
Manufacture of jewellery and related articles
Industry
Industry Jewelry and Silverware
ANZSIC 2006: 2591 - Jewellery
and Silverware Manufacturing
NACE 2002: 3622 - Manufacture
of jewellery and related articles not elsewhere classified
NAICS 2002: 339911 - Jewelry
(except Costume) Manufacturing
UK SIC 2003: 3622 - Manufacture
of jewellery and related articles not elsewhere classified
US SIC 1987: 3915 - Jewelers'
Findings and Materials, and Lapidary Work
Key Executives
Name Title
Torres Franco Jose Luis Administrator
Registered No.(ESP): A50589951
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7553705
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6935775
Cooperate Overview
Location
Constitucion, 5
Cuarte De Huerva, 50410
Spain
Tel: +(34)
976505344
Sales EUR(mil) : 16.0
Assets EUR(mil): 11.2
Employees: 27
Fiscal Year End: 15-Apr-2011
Industry: Jewelry
and Silverware
Incorporation Date: 1994
Company Type: Public
Independent
Quoted Status: Not
Quoted
Registered No.(ESP): A50589951
Administrator: Torres
Franco Jose Luis
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2591 - Jewellery and Silverware Manufacturing
NACE 2002 Codes:
3622 - Manufacture of jewellery and related articles not elsewhere
classified
NAICS 2002 Codes:
339911 - Jewelry (except Costume) Manufacturing
US SIC 1987:
3915 - Jewelers' Findings and Materials, and Lapidary Work
UK SIC 2003:
3622 - Manufacture of jewellery and related articles not elsewhere
classified
Business
Description
Manufacture of jewellery and related articles
Financial Data
Financials in: EUR(mil) 1 year growth
Revenue: 16.0 NA
Net Income: 0.0 Na
Assets: 11.2 Na
Current Assets: 10.7
Fixed Assets: 0.5
Long Term Debt: 0.2
Total Liabilities: 11.2
Issued Capital: 0.1
Net Worth: 3.4
Date of Financial Data: 15-Apr-2011
Key Corporate Relationships
Auditor: Fernando Mercadal Mairal
Auditor: Fernando Mercadal Mairal
Executive
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Board of Directors |
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Administrator |
Director/Board Member |
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Executives |
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Administrator |
Administration Executive |
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Annual Profit & Loss
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2006 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.796979 |
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Consolidated |
No |
No |
No |
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Charges |
22.9 |
33.2 |
34.9 |
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Staff Costs |
1.0 |
1.2 |
0.7 |
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Wages
and Salaries |
0.9 |
1.0 |
0.6 |
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Social
Security Costs |
0.2 |
0.2 |
0.1 |
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Depreciation |
0.1 |
0.1 |
0.1 |
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Other Operating
Charges |
1.7 |
0.8 |
0.8 |
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Operating
Benefits |
- |
1.3 |
0.5 |
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Financials and
Similar Charges |
0.4 |
0.6 |
0.3 |
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Due
to Liabilities With Group Companies |
- |
- |
0.3 |
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Due
to Other Liabilities |
0.4 |
0.6 |
0.0 |
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Exchange Losses |
0.1 |
0.0 |
0.0 |
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Profit From
Ordinary Activities |
- |
0.7 |
0.3 |
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Losses From Assets
and Securities Portfolio |
0.0 |
- |
- |
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Extraordinary
Expenses |
0.0 |
- |
- |
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Extraordinary
Profit |
- |
0.0 |
0.0 |
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Profit Before
Taxes |
- |
0.7 |
0.4 |
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Corporation Tax |
-0.1 |
0.2 |
0.1 |
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Financial Year
Result (Profit) |
- |
0.5 |
0.2 |
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Income |
22.5 |
33.7 |
35.1 |
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Net Total Sales |
22.3 |
33.3 |
34.6 |
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Operating Losses |
0.1 |
- |
- |
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Gains from
Exchange Rate |
- |
- |
0.2 |
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Negative Financial
Results |
0.4 |
0.6 |
0.1 |
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Ordinary
Activities' Losses |
0.5 |
- |
- |
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Extraordinary
Income |
- |
0.0 |
0.0 |
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Negative
Extraordinary Results |
0.0 |
- |
- |
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Losses Before
Taxes |
0.5 |
- |
- |
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Financial Year
Result (Losses) |
0.4 |
- |
- |
Annual Balance Sheet
Financials in: USD
(mil)
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2006 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.758351 |
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Consolidated |
No |
No |
No |
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Software |
0.0 |
0.0 |
0.0 |
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Assets
Under Capital Lease |
- |
- |
0.1 |
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Accumulated
Depreciation |
- |
- |
0.0 |
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Total Intangible
Fixed Assets |
0.0 |
0.0 |
0.0 |
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Land
and Construction |
0.5 |
0.5 |
0.6 |
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Technical
Installations and Machinery |
0.2 |
0.3 |
0.1 |
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Other
Installations, Tools, and Furniture |
- |
- |
0.2 |
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Other
Tangible Assets |
- |
- |
0.3 |
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Accumulated
Depreciation |
- |
- |
-0.6 |
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Total Tangible
Fixed Assets |
0.7 |
0.8 |
0.7 |
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Long-Term
Guarantees and Deposits |
0.0 |
0.0 |
0.0 |
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Financial
Investments |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.7 |
0.8 |
0.8 |
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Deferred Expenses |
- |
- |
0.0 |
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Goods
for Resale |
1.2 |
1.5 |
4.8 |
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Total Stocks |
1.2 |
1.5 |
4.8 |
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Trade
Debtors |
13.8 |
18.6 |
17.7 |
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Staff |
- |
- |
0.1 |
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Public
Bodies |
0.2 |
0.0 |
0.0 |
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Total Debtors |
13.9 |
18.6 |
17.8 |
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Cash |
0.1 |
0.2 |
0.6 |
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Total Current Assets |
15.3 |
20.4 |
23.2 |
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Total Assets |
16.0 |
21.1 |
23.9 |
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Legal
Reserve |
0.0 |
0.0 |
0.0 |
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Miscellaneous
Reserves |
4.7 |
4.3 |
3.8 |
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Total Reserves |
4.7 |
4.3 |
3.8 |
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Retained
Earnings |
0.5 |
0.2 |
- |
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Profit or Loss
Brought Forward |
0.5 |
0.2 |
- |
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Profit or Loss for
the Financial Year |
-0.4 |
0.5 |
0.2 |
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Total Equity |
4.9 |
5.1 |
4.1 |
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Loans
and Other Liabilities |
0.2 |
0.3 |
0.3 |
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Long-Term
Liabilities from Capital Leases |
0.1 |
0.1 |
- |
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Total Amounts Owed
to Credit Institutions |
0.3 |
0.3 |
0.3 |
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Other
Creditors |
- |
0.6 |
0.8 |
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Total Other
Creditors |
- |
0.6 |
0.8 |
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Total Long Term Liabilities |
0.3 |
0.9 |
1.1 |
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Loans
and Other Liabilities |
6.0 |
8.8 |
10.2 |
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Short-Term
Liabilities from Capital Leases |
0.0 |
0.0 |
- |
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Total Amounts Owed
to Credit Institutions |
6.0 |
8.8 |
10.2 |
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Amounts
Owed for Purchases of Goods or Services |
4.4 |
5.6 |
7.2 |
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Total Trade
Creditors |
4.4 |
5.6 |
7.2 |
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Public
Bodies |
0.2 |
0.6 |
0.8 |
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Miscellaneous
Debts |
0.2 |
0.3 |
0.4 |
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Wages
and Salaries Payable |
0.0 |
0.0 |
- |
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Total Other
Creditors |
0.5 |
0.8 |
1.3 |
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Total Short Term Creditors |
10.9 |
15.2 |
18.6 |
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Total
Liabilities and Equity |
16.0 |
21.1 |
23.9 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.72.34 |
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Euro |
1 |
Rs.63.87 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.