MIRA INFORM REPORT

 

 

Report Date :

13.06.2011

 

IDENTIFICATION DETAILS

 

Name :

MIARCO SL

 

 

Registered Office :

Calle Charles Robert Darwin (Pq. Tecnologico), 18 46980 Paterna Valencia 

 

 

Country :

Spain

 

 

Date of Incorporation :

04.06.2010

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Marketing of specialty tapes and industrial supplies (hardware, paints and electrical goods)

 

 

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

 

Maximum Credit Limit :

90.000,00 €

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 – 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

 

EXECUTIVE SUMMARY

   

Identification

Current Business Name: MIARCO SL

Other names: NO

Current Address:  CALLE CHARLES ROBERT DARWIN (PQ. TECNOLOGICO), 18

46980 PATERNA VALENCIA 

Telephone number: 963177700 Fax: 963177744

URL:  www.miarco.com 

Corporate e-mail:  miarco@miarco.com

 Trade Risk

Credit Appraisal: 90.000,00 €

Incidents:  NO

Bank and business defaults of payment - ASNEF EMPRESAS:  NO

 

Financial Information

Social Capital:  393.414,00 €

Employees:  130

Listed on a Stock Exchange: NO

 

 Commercial Information

Incorporation date:  04/06/2010

Activity:  Wholesale of other products

NACE 2009 CODE: 4690

International Operations:  Imports and Exports

 

Corporate Structure

President: 

 ARNEDO CORTIJO, MIGUEL

 Other Complementary Information

Latest act published in BORME:  20/10/2010 Appointments

Bank Entities:  There are

 

 

 

TRADE RISK

   

Credit Appraisal

Maximum Credit

(from 0 to 6,000,000 €)

Favourable to 90.000,00 €

 

 Performance

Incidents

None or Negligible

Business Trajectory

 

 

  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 EMPRESAS

 

 Summary

COMPANY NOT REGISTERED IN ASNEF EMPRESAS

•          There are no information on the nif/cif provided in the Asnef Empresas file

 

 

ADDRESSES

  

 Business address

Current Legal Seat Address: 

CALLE CHARLES ROBERT DARWIN (PQ. TECNOLOGICO), 18

46980 PATERNA  VALENCIA

 Characteristics of the current address

Type of establishment: shop

Area: 9000 m2

Local Situation: secondary

 

 

CORPORATE STRUCTURE

  

ADMINISTRATIVE LINKS

 

 Summary

 

 

 

 

Distribution of the administration board

 

Governing body : 4 members (latest change: 09/07/2010)

Other Positions : 2 (latest change: 20/10/2010)

 

 

  Men (100%)

 

 Main Board members, Directors and Auditor

 

Governing body

 

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

PRESIDENT

ARNEDO CORTIJO, MIGUEL

09/07/2010

MANAGING DIRECTOR

ARNEDO GARCIA, GUZMAN MIGUEL

09/07/2010

MEMBER OF THE BOARD

VEGA ALLOZA, ANTONIO

09/07/2010

SECRETARY

MONTAVA SANTANA, ALBERTO

09/07/2010

 

 

 

 

 

BUSINESS INFORMATION

  

Constitution

Incorporation date: 04/06/2010

 Origin / Foundation

Origin: MIARCO SL - B46204772

 Activity

NACE 2009 CODE: 4690

NACE 2009 Activity: Non-specialised wholesale trade

 

Activity description: Marketing of specialty tapes and industrial supplies (hardware, paints and electrical goods)

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Employees

Latest employees figure: 130 (2010)

COMMERCIAL OPERATIONS

 

SUPPLIERS

BUSINESS NAME

INTERNATIONAL

BOSTIK

NO

NITTO

NO

 

 Banks

ENTITY

BRANCH

ADDRESS

TOWN OR CITY

PROVINCE

BANKINTER, S.A.

 

 

 

 

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

 

 

 

 

CAJA DE AHORROS Y PENSIONES DE BARCELONA

 

 

 

 

 

 

 

LEGAL STRUCTURE

  

Constitution Data

Register Date: 04/06/2010

Register town: Valencia

Announcement number: 272816

Register data: 

Volume 9198, Book 6481, Folio 49, Section 8, Sheet 139405,

Inscription I/A 1 (2010-06-30)

Social Capital: 393.414 €

 

Current structure data

Legal form: Limited Liability Company

Social Capital: 393.414,00 €

 

 Legal Aspects

Obligation to fill in Financial Statements: YES

Chamber census: NO

B.O.R.M.E. (OFFICIAL COMPANIES REGISTRY GAZETTE)

 

 Summary

  Acts on activity: 0

  Acts on administrators: 4 (Last: 20/10/2010, first: 09/07/2010)

  Acts on capital: 0

  Acts on creation: 1 (Last: 09/07/2010)

  Acts on filed accounts: 0

  Acts on identification: 0

  Acts on Information: 0

  Acts on proceedings: 2 (Last: 09/07/2010, first: 09/07/2010)

 

Latest acts in B.O.R.M.E.

Most relevant acts of the last twelve months

ACT

DATE

NOTICE NUM.

TRADE REGISTER

Constitution

09/07/2010

272816

Valencia

Extinction

09/07/2010

272815

Valencia

Total split

09/07/2010

272815

Valencia

Other acts

ACT

DATE

NOTICE NUM.

TRADE REGISTER

Appointments

20/10/2010

389580

Valencia

Appointments

20/10/2010

389579

Valencia

Appointments

09/07/2010

272817

Valencia

Appointments

09/07/2010

272816

Valencia

 

 Complementary Information

Current situation

 

As of 09/07/1910 BORME this company has been receiving total excision MIARCO LIMITED. NIF: B46204772

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72.

UK Pound

1

Rs.72.93

Euro

1

Rs.64.72

 

 

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.