MIRA INFORM
REPORT
|
Report Date : |
03.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
GOCCO CONFEC S.A. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
28.02.2010 |
|
|
|
|
Date of Incorporation : |
23.06.2000 |
|
|
|
|
Legal Form : |
Joint-stock Company |
|
|
|
|
Line of Business : |
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 : |
315.000,00 € |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
GOCCO CONFEC S.A.
TAX NUMBER: A82691171
Company situation: Active
Identification
Current Business Name: GOCCO CONFEC S.A.
Commercial Name: GOCCO
Other names: YES
Current Address: CALLE DE LA GRANJA, 19
Branches: 53
Telephone number: 917280430 Fax: 917293988
URL: www.gocco.es
Corporatee-mail:recepcion@gocco.es
Trade Risk
Credit Appraisal: 315.000,00 €
Incidents: YES
Bank and business defaults of payment - ASNEF INDUSTRIAL: NO
Financial Information
Balance sheet latest sales (2010): 34.844.821,03 €
(Trade Register)
Result: 480.798,09 €
Total Assets: 17.971.774,1 €
Social Capital: 11.331.111,60 €
Employees: 400
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 23/06/2000
Activity: Wholesale of clothing (outerwear)
NACE 2009 CODE: 4642
International Operations: Imports and
Exports
Corporate Structure
President:
Parent Company:
CONSEJO DE
ADMINISTRACION DE GOCCO
Participations: 1
Other Complementary Information
Latest act published in BORME: 12/11/2010 Annual Filed Accounts
Latest press article: 08/08/2008 EXPANSIÓN (SHAREHOLDERS
AND HOLDINGS)
Bank Entities: There are
TRADE RISK
Credit Appraisal
Maximum Credit
(from 0 to
6,000,000 €)
Favourable to 315.000,00 €
Financial Situation
Exercise:2010
|
Treasury |
Restrained |
|
Indebtedness |
Bad |
|
Profitability |
Average |
|
Balance |
Bad |
Performance
|
Incidents |
Exceptional |
|
Business
Trajectory |
|
Summary
LEGAL ACTIONS: No legal actions.
ADMINISTRATIVE CLAIMS: 15 ( Last:22/02/2011 , first:
20/04/2006 )
|
|
|
|
|
With the Social Security: |
13 |
|
|
With the Tax Authorities: |
0 |
|
|
With Other Official bodies: |
2 |
|
AFFECTED BY: No significant element.
Latest Administrative
Claims
Figures expressed in €
WITH THE SOCIAL SECURITY.
Executive
|
DATE |
ORGANIZATION |
AMOUNT |
|
20/06/2007 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO
Y SEGURIDAD SOCIAL |
912,30 |
Notifications
|
DATE |
ORGANIZATION |
AMOUNT |
|
22/02/2011 |
CENTRAL TREASURY
FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
1.302,01 |
|
22/02/2011 |
CENTRAL TREASURY
FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
6.799,02 |
|
16/12/2010 |
CENTRAL TREASURY
FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
1.636,16 |
WITH OTHER OFFICIAL BODIES.
Seizures
|
DATE |
ORGANIZATION |
AMOUNT |
|
12/07/2010 |
DEPUTATION/ DELEGATION PROVINCIAL DE CADIZ.OFIC.PUERTO |
|
|
20/04/2006 |
TOWN/ CITY HALL DE |
|
BANK AND BUSINESS
DEFAULTS OF PAYMENT - ASNEF INDUSTRIAL 
Summary
COMPANY NOT REGISTERED IN ASNEF INDUSTRIAL
•
There are no information on the nif/cif provided in
the Asnef Industrial file
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
The shaded amounts in the following financial statements have been converted to the norms established in the PGC2007 derived from RD 1514/2007 and 1515/2007, this way comparatives could be shown with the amounts of exercises initiated from 1/01/08.
Figures given in €
|
|
28/02/2010 (12) |
% ASSETS |
28/02/2009 (12) |
% ASSETS |
28/02/2008 (12) |
% ASSETS |
||
|
ASSETS |
|
|
|
|
|
|
||
|
A) NON CURRENT ASSETS |
8.170.627,18 |
45,46 |
9.130.058,54 |
49,31 |
9.232.435,80 |
49,35 |
||
|
B) CURRENT ASSETS |
9.801.146,92 |
54,54 |
9.386.289,69 |
50,69 |
9.475.868,23 |
50,65 |
||
|
LIABILITIES |
|
|
|
|
|
|
||
|
A) NET WORTH |
7.720.574,05 |
42,96 |
7.239.775,96 |
39,10 |
7.546.928,30 |
40,34 |
||
|
B) NON CURRENT LIABILITIES |
304.685,88 |
1,70 |
374.082,59 |
2,02 |
640.046,28 |
3,42 |
||
|
C) CURRENT LIABILITIES |
9.946.514,17 |
55,35 |
10.902.489,68 |
58,88 |
10.521.329,45 |
56,24 |
||
|
|
|
|
||||||
|
|
|
|
||||||
|
|
|
|
||||||
Balance Sheet Comments
Total assets of the company decreased in 2,94%
between 2.009 and 2.010.
This decrease has been greater in non current assets that reduced
in 10,51%.
Assets reduction contrasts with net worth growth
of 6,64%. Therefore, the company’s indebtedness has reduced
in 9,09%.
Total assets of the company decreased in 1,03%
between 2.008 and 2.009.
This decrease has been greater in non current assets that reduced
in 1,11%.
This assets reduction has meant a net worth decrease
of 4,07%. Nevertheless, indebtedness has experienced a growth
of 1,03%.
Profit and Loss Account Analysis
Figures given in €
|
|
28/02/2010 (12) |
% NET TURNOVER |
28/02/2009 (12) |
% NET TURNOVER |
28/02/2008 (12) |
% NET TURNOVER |
|
SALES |
34.844.821,03 |
|
32.196.598,87 |
|
26.743.915,26 |
|
|
GROSS MARGIN |
19.596.198,38 |
56,24 |
16.924.109,19 |
52,56 |
14.180.881,03 |
53,02 |
|
EBITDA |
2.526.415,67 |
7,25 |
-959.296,87 |
-2,98 |
-584.995,72 |
-2,19 |
|
EBIT |
870.616,25 |
2,50 |
-2.144.409,29 |
-6,66 |
-2.366.284,77 |
-8,85 |
|
NET RESULT |
480.798,09 |
1,38 |
-3.038.766,52 |
-9,44 |
-2.724.811,48 |
-10,19 |
Profit and Loss Account Comments
The company’s sales figure grew
in 8,23% between 2.009 and 2.010.
The company’s EBIT grew
in 140,60% between 2.009 and 2.010.
This evolution implies an increase in the company’s economic
profitability .
The result of these variations is an increase of the company’s Economic
Profitability of 315,92% in the analysed period, being equal
to 12,61% in the year 2.010.
The Net Result of the company grew
in 115,82% between 2.009 and 2.010.
The company’s Financial Profitability has been negatively affected by the
financial activities in comparison with EBITs behaviour .
The result of these variations is an increase of the company’s Economic
Profitability of 114,84% in the analysed period, being equal
to 6,23% in the year 2.010 .
The company’s sales figure grew
in 20,39% between 2.008 and 2.009.
The company’s EBIT grew
in 9,38% between 2.008 and 2.009.
This evolution implies an increase in the company’s economic
profitability .
The result of these variations is an increase of the company’s Economic
Profitability of 0,85% in the analysed period, being equal
to -5,84% in the year 2.009.
The Net Result of the company decreased
in 11,52% between 2.008 and 2.009.
The company’s Financial Profitability has been negatively affected by
the financial activities in comparison with EBITs behaviour .
The result of these variations is a reduction of the company’s economic
profitability of 16,26% in the analysed period, being equal
to -41,97% in the year 2.009 .
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
45,46 |
25,12 |
20,34 |
|
|
|
|
|
A) CURRENT ASSETS |
54,54 |
74,88 |
-20,34 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
42,96 |
43,41 |
-0,45 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
1,70 |
5,00 |
-3,31 |
|
|
|
|
|
C) CURRENT LIABILITIES |
55,35 |
51,59 |
3,76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
99,79 |
98,08 |
1,70 |
|
|
|
|
|
GROSS MARGIN |
56,12 |
35,58 |
20,54 |
|
|
|
|
|
EBITDA |
7,24 |
8,35 |
-1,12 |
|
|
|
|
|
EBIT |
2,49 |
6,51 |
-4,02 |
|
|
|
|
|
NET RESULT |
1,38 |
4,19 |
-2,82 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4642
Number of companies: 78
Size (Sales Figure): 7,000,000.00 - 40,000,000.00 Euros
Comments on the sectorial comparative
Compared to its sector the assets of the companies show a greater
proportion of non current assets. Specifically the difference with the sector
average is 20,34% .
In liabilities composition the company appeals on a smaller scale to
self financing, being the Net Worth proportion 0,45% inferior. As a
consequence, external financing sources are more used by the company
( 0,45% more than the sector) .
The proportion that the sales mean to the company’s total ordinary
income is 99,79% , an 1,70% higher than in the sector .
The company’s EBIT was positive and was 2,49% with regard to
the total ordinary income, 4,02% inferior to the one of the sector .
The company’s capacity to generate operating income is inferior to that
of the sector as its ratio EBIT/Sales is inferior (0,02 in comparison
with 0,07) .
The company’s net result was positive and equal to 1,38% with
regard to the total ordinary income, -2,82% inferior to the one of
the sector .
The financial results and the tax impact have had a less negative impact
on the net result of the company that in the sector .
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2010
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
480.798,09 |
Legal Reserve |
48.079,81 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
0,00 |
|
Total of Amounts to be distributed |
480.798,09 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
432.718,28 |
|
|
|
Application total |
480.798,09 |
Auditing
Source: filing of annual financial statement 2010
Auditors’ opinion: FAVOURABLE
Auditor: BDO AUDITORES SL
Auditing fees: 14.490,00 €
Facts subsequent to the closing
Source: Annual financial report 2010
Posterior to the closure there were no relevant facts that require the
inclusion in the annual accounts.
ADDRESSES
Current Legal Seat Address:
CALLE DE LA GRANJA, 19
28108
Previous Seat Address:
CALLE ANTONIO DE CABEZON 83
28034
Characteristics of the current address
Type of establishment: office,warehouse
Owners: rented
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE EDUARDO DATO, 30 |
01005 |
VITORIA-GASTEIZ |
Álava |
|
CALLE |
02001 |
|
|
|
CALLE CORREDORA, 42 |
03202 |
ELCHE/ELX |
|
|
CALLE SERRANO, 13 |
03003 |
ALICANTE/ALACANT |
|
|
CALLE REYES CATOLICOS, 8 |
04001 |
|
Almería |
|
PASEO |
06002 |
|
|
|
AVENIDA |
08021 |
|
|
|
CALLE ROSSELLO, 222 |
08008 |
|
|
|
CALLE VILLA, 9 |
08172 |
SANT CUGAT |
|
|
PLAZA MAYOR, 13 |
09003 |
|
|
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Main Board members, Directors and Auditor
|
POSITION |
NAME AND SURNAME |
APPOINTMENT DATE |
|
|
PRESIDENT |
PRIMO DE RIVERA ORIOL PELAYO |
18/12/2009 |
|
|
MEMBER OF THE BOARD |
PARES BOJ JUAN |
13/09/2006 |
|
|
MEMBER OF THE BOARD |
CLAVE MAYOR SA SGECR |
12/11/2009 |
|
|
MEMBER OF THE BOARD |
ARISTA VIVA SA S.C. R. |
12/11/2009 |
|
|
MEMBER OF THE BOARD |
LIVORNO INVERSIONES SA |
12/11/2009 |
|
|
MEMBER OF THE BOARD |
NABAL BETERE JUAN CARLOS |
18/12/2009 |
|
|
SECRETARY |
CIA BARRIO JESUS JAVIER |
08/10/2008 |
|
|
AUDITOR |
APPOINTMENT DATE |
||
|
BDO AUDIBERIA AUDITORES SL |
18/12/2009 |
||
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 0,00 €
Functional Managers
|
POSITION |
NAME AND SURNAME |
|
General Manager |
DE RIVERA JAVIER |
|
Financial Director |
CERNUDA MIGUEL |
|
Human Resources Director |
SANCHEZ PEREZ ELIAS |
|
Commercial Director |
CHOUCINO MARIA |
|
Purchases Director |
WOLANSKA MALGORZATA |
|
Exports Director |
DIAZ DEL SAZ GEMA |
|
Operations Director |
BOHORQUEZ RAFAEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CONSEJO DE ADMINISTRACION DE GOCCO |
|
Major. |
OWN SOURCES |
12/01/2011 |
|
|
FUNDADORES DE GOCCO |
|
25,00 |
OWN SOURCES |
12/01/2011 |
|
|
ARISTA VIVA SOCIEDAD ANONIMA SOCIEDAD DE CAPITAL-RIESGO. |
A31247117 |
5,51 |
OWN SOURCES |
12/01/2011 |
|
|
CLAVE MAYOR SOCIEDAD ANONIMA SOCIEDAD GESTORA DE ENTIDADES DE
CAPITAL-RIESGO. |
A31753726 |
Indef. |
TRADE REG. |
28/02/2010 |
|
|
TEXTIL SANTANDERINA SA |
A39001219 |
Indef. |
OWN SOURCES |
12/01/2011 |
|
|
INVERSIONES ORANDA S.L. |
B80648744 |
Indef. |
TRADE REG. |
28/02/2010 |
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GOCCONFEC LDA |
|
100,00 |
TRADE REG. |
28/02/2010 |
CREDIT INFORMATION
Incorporation date: 23/06/2000
Establishment date: 01/01/2000
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Wholesale of clothing (outerwear)
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: WHOLESALE MARKETING
OR RETAIL MARKET
IN THE INTERNAL
AND EXTERNAL TEXTILE
ARTICLES OF ALL KINDS.
Activity description: MARKETING
OF CLOTHING AND
ACCESSORIES FOR BABIES
AND CHILDREN
Latest employees figure: 400 (2011)
% of fixed employees: 82,54%
% of temporary employees: 17,46%
% of men: 3,69%
% of women: 96,31%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
15 |
392 |
PURCHASES
Imports from:
SALES
Exports to: CEE
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
GOCCONFEC LDA |
YES |
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
GOCCONFEC LDA |
YES |
•
El 0,09% de su cifra de negocio corresponde a
ingresos por royalties.
•
El 99,91% de su cifra de negocio corresponde a la
venta de mercaderias.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
|
|
|
BANCO DE SABADELL, S.A. |
|
|
|
|
|
BANCO ESPAŃOL DE CREDITO, S.A. |
|
|
|
|
|
BANCO GALLEGO, S.A. |
1007 |
AVD. EUROPA, 13 - 15 |
|
|
|
BANCO SANTANDER, S.A. |
|
|
|
|
Discount facilities: 1
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Discount
facilities |
Granted limit:1.800.000,00 € Used limit:676.265,44 € Available limit:1.123.734,56
€ Source: Filed
Accounts (2010) |
|
|
|
|
Debt type: Credit policy |
Granted limit:2.876.000,00 € Used limit:924.685,76 € Available limit:1.951.314,24
€ Source: Filed Accounts (2010) |
|
|
|
Brand name: G (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 12/08/2010
Brand name: GOCCO & FRIENDS (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 12/08/2010
Brand name: GOCCO DESIGN (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 21/12/2009
Brand name: GCONLINE (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 21/12/2009
Brand name: GOCCO (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 21/12/2009
LEGAL STRUCTURE
Constitution Data
Register Date: 23/06/2000
Register town:
Announcement number: 278310
Legal form: Joint-stock Company
Social Capital: 11.331.111,60 €
Paid-up capital: 11.331.111,60 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
B.O.R.M.E. (OFFICIAL
COMPANIES REGISTRY GAZETTE)
Acts on activity: 0
Acts on administrators: 67 (Last: 05/08/2010, first:
21/07/2000)
Acts on capital: 19 (Last: 08/10/2008, first:
12/03/2001)
Acts on creation: 1 (Last: 21/07/2000)
Acts on filed accounts: 11 (Last: 12/11/2010, first:
09/01/2002)
Acts on identification: 3 (Last: 26/08/2004, first:
05/10/2000)
Acts on Information: 11 (Last: 18/12/2009, first:
18/10/2000)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Resignations |
05/08/2010 |
308584 |
|
|
Re-elections |
18/12/2009 |
526417 |
|
|
Modification of the Articles of Association |
18/12/2009 |
526416 |
|
|
Re-elections |
18/12/2009 |
526416 |
|
|
Appointments |
14/12/2009 |
519261 |
|
|
Resignations |
14/12/2009 |
519261 |
|
|
Resignations |
13/11/2009 |
473746 |
|
|
Modification of the Articles of Association |
12/11/2009 |
471911 |
|
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2010) |
12/11/2010 |
1039454 |
|
|
Annual Filed Accounts (2009) |
08/02/2010 |
82662 |
|
|
Annual Filed Accounts (2008) |
15/12/2009 |
1013220 |
|
Press summary by type of information (last five years)
Legal notices: 1 (Last: 04/07/2008)
Structural Data: 5 (Last: 08/08/2008, first: 13/03/2006)
Informative data: 0
Financial Information: 2 (Last: 04/07/2008, first: 06/06/2007)
Negative information: 0
Business lines: 0
Historical press releases: 21 (Last: 26/09/2005, first:
03/08/2000)
Latest press
article published
08/08/2008
EXPANSIÓN - SHAREHOLDERS AND HOLDINGS
LA FIRMA DE CAPITAL
RIESGO NAVARRA CLAVE MAYOR HA ELEVADO SU PARTICIPACION EN LA CADENA DE MODA
INFANTIL GOCCO, DENTRO DE LA AMPLIACION DE CAPITAL DESARROLLADA POR LA FIRMA
PARA EQUILIBRAR SU SITUACION FINANCIERA. LA EMPRESA APROBO UNA AMPLIACION DE
CAPITAL DE 4,015 MM., CON UN PLAZO DE SUSCRIPCION PREFERENTE POR PARTE DE LOS
ACCIONISTAS. LA AMPLIACION, CUYO PLAZO DE SUSCRIPCION FINALIZO EL PASADO
4/08/08, SE HA CERRADO CON UNA APORTACION DE 3,3 MM. POR LOS ACTUALES
ACCIONISTAS. UNA DE LAS CONSECUENCIAS ES QUE LAS ENTIDADES GESTIONADAS POR
CLAVE MAYOR ELEVAN SU PARTICIPACION POR ENCIMA DEL 25%. EL OBJETIVO DE LA
AMPLIACION ES FINANCIAR EL PLAN DE CRECIMIENTO.
04/07/2008 EXPANSIÓN - FINANCIAL DATA
LA CADENA DE
MODA INFANTIL GOCCO ACABA DE APROBAR UNA AMPLIACION DE CAPITAL DE 4.015 MM. DE
EUROS EN EL CONSEJO DE ADMON. CELEBRADO EL 30/06/08. ESTA PREVISTO UN PLAZO DE
SUSCRIPCION PREFERENTE CON LOS ANTIGUOS ACCIONISTAS HASTA EL PROXIMO 04/08/08,
Y SI FINALIZADO EL PLAZO LA AMPLIACION NO SE HUBIERA CUBIERTO, EL CONSEJO DE ADMON.
PODRA OFRECER LIBREMENTE LAS ACCIONES SOBRANTES TANTO A LOS QUE HUBIERAN
EJECUTADO SU DERECHO
04/07/2008 LA GACETA - LEGAL ANNOUNCEMENTS
LA JUNTA
GRAL. ORDINARIA DE ACCIONISTAS DE ESTA SDAD., CELEBRADA EL DIA 30/06/08, ACORDO
REDUCIR EL CAPITAL EN LA CIFRA DE 4.751.741,03 EUROS PARA REESTABLECER EL
EQUILIBRIO ENTRE EL CAPITAL Y EL PATRIMONIO NETO DE LA SDAD. EL CAPITAL SOCIAL
QUEDA ESTABLECIDO EN 8.031.111,60 EUROS.
Complementary Information
Financial Information
The balance ended 28/02/2009 (Deposit
2009) is available, but there is data in the new financial statements presented
incorrectly.
The balance ended 28/02/2005 (Deposit
05 and 06) is available but has not been charged for having a less than three
months for changes to the date of closing.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.12 |
|
|
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.62.32 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.