MIRA INFORM REPORT

 

 

Report Date :           

14.11.2011

 

IDENTIFICATION DETAILS

 

Name :

VIVES AZULEJOS Y GRES SA

 

 

Registered Office :

Ctra. Castellón - Km. 23, Alcora, 12110

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.1998

 

 

Year of Establishment :

1995

 

 

Com. Reg. No.:

A12388096

 

 

Legal Form :

Public Subsidiary Company

 

 

Line of Business :

Manufacture, sale and export of ceramic and clay tiles

 

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 

 

Vives Azulejos Y Gres Sa

Ctra. Castellón - Km. 23

Alcora, 12110

Spain

Tel:       +(34) 936683202

Fax:      +(34) 964386271

Web:    www.vivesceramica.com

 

 

synthesis 

 

Employees:                  60

Company Type:            Public Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            Ferraes SA

Incorporation Date:         1995

Auditor:                        Pricewaterhousecoopers

Financials in:                 USD (Millions)

Fiscal Year End:            10-Dec-1999

Reporting Currency:       Euro

Annual Sales:               46.1  1

Net Income:                  2.9

Total Assets:                 21.2

 

 

Business Description     

 

Manufacture, sale and export of ceramic and clay tiles

 

Industry

Industry            Construction - Supplies and Fixtures

ANZSIC 2006:    2029 - Other Ceramic Product Manufacturing

NACE 2002:      2630 - Manufacture of ceramic tiles and flags

NAICS 2002:     327122 - Ceramic Wall and Floor Tile Manufacturing

UK SIC 2003:    2630 - Manufacture of ceramic tiles and flags

US SIC 1987:    3253 - Ceramic Wall and Floor Tile

 

           


 

Key Executives   

 

Name

Title

Felip Francisco

Technical Manager, Marketing Director

Francisco Vives Chamarro

Sole Administrator

Vives Chamorro Francisco Javier

Administrator

Jose Luis Vives Chamarro

Joint Attorney

Ruiperez Ramon

Commercial Manager

 

Registered No.(ESP): A12388096

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.930328

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.9838646

 

 

Corporate Overview

 

Location

Ctra. Castellón - Km. 23

Alcora, 12110

Spain

Tel:       +(34) 936683202

Fax:      +(34) 964386271

Web:    www.vivesceramica.com

           

Sales EUR(mil):             42.9

Assets EUR(mil):           20.9

Employees:                   60

Fiscal Year End:            10-Dec-1999

Industry:                        Construction - Supplies and Fixtures

Incorporation Date:         1995

Company Type:             Public Subsidiary

Quoted Status:              Not Quoted

Registered No.(ESP):     A12388096

Sole Administrator:        Francisco Vives Chamarro

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Branch Offices

·         Key Corporate Relationships

 

 

Industry Codes

 

ANZSIC 2006 Codes:

2029     -          Other Ceramic Product Manufacturing

2021     -          Clay Brick Manufacturing

3339     -          Other Hardware Goods Wholesaling

 

NACE 2002 Codes:

2640     -          Manufacture of bricks, tiles and construction products, in baked clay

2630     -          Manufacture of ceramic tiles and flags

5153     -          Wholesale of wood, construction materials and sanitary equipment

 

NAICS 2002 Codes:

327121  -          Brick and Structural Clay Tile Manufacturing

327122  -          Ceramic Wall and Floor Tile Manufacturing

423320  -          Brick, Stone, and Related Construction Material Merchant Wholesalers

 

US SIC 1987:

5032     -          Brick, Stone, and Related Construction Materials

3251     -          Brick and Structural Clay Tile

3253     -          Ceramic Wall and Floor Tile

 

UK SIC 2003:

2630     -          Manufacture of ceramic tiles and flags

2640     -          Manufacture of bricks, tiles and construction products, in baked clay

5153     -          Wholesale of wood, construction materials and sanitary equipment

 

Business Description

Wholesale of wood, construction materials and sanitary equipment

 

More Business Descriptions

Manufacture, sale and export of ceramic and clay tiles

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

42.9

Net Income:

2.7

Assets:

20.9

Current Assets:

17.2

 

Fixed Assets:

3.7

 

Long Term Debt:

0.0

 

Total Liabilities:

20.9

 

Issued Capital:

0.3

 

Net Worth:

9.9

 

 

 

Date of Financial Data:

10-Dec-1999

 

1 Year Growth

-17.1%

NA

NA

 

Branch Offices

Location
Calle Llobregat 2
Molins De Rei, 08750

 

Tel:

+(34) 936683202

 

Location
Calle Rio Tormes Km 17
Fuenlabrada, 28947

 

Tel:

+(34) 916421735

 

 

 

Key Corporate Relationships

Auditor:

Pricewaterhousecoopers

Bank:

Banco Bilbao Vizcaya Argentaria, S.A.

 

Auditor:

Pricewaterhousecoopers

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Vives Azulejos Y Gres Sa

Vives Azulejos Y Gres Sa 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Ferraes SA

Parent

 

 

 

 

 

Vives Azulejos Y Gres Sa

Subsidiary

Alcora, Castellon

Spain

Construction - Supplies and Fixtures

46.1

60

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Francisco Vives Chamarro

 

Sole Administrator

Chairman

 

Vives Chamorro Francisco Javier

 

Administrator

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Vives Chamorro Francisco Javier

 

Administrator

Administration Executive

 

Francisco Vives Chamarro

 

Sole Administrator

Administration Executive

 

Felip Francisco

 

Technical Manager, Marketing Director

Marketing Executive

 

Ruiperez Ramon

 

Commercial Manager

Commercial Executive

 

Vicente Vives Chamarro

 

Joint Attorney

Legal Executive

 

Jose Luis Vives Chamarro

 

Joint Attorney

Legal Executive

 

Vicente Vives Gil

 

Joint Attorney

Legal Executive

 

Ramon Vives Gil

 

Joint Attorney

Legal Executive

 

Ramon Vives Monfort

 

Joint Attorney

Legal Executive

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-1998

31-Dec-1997

Period Length

12 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate (Period Average)

0.848746

0.858778

Consolidated

No

No

 

 

 

Charges

47.9

58.5

    Stock Reduction

-

14.2

    Supplies

37.6

34.8

        Goods Consumption

37.5

33.2

        Consumption of Raw Materials

0.1

1.6

    Staff Costs

1.2

0.9

        Wages and Salaries

0.9

0.7

        Social Security Costs

0.2

0.2

    Depreciation

0.1

0.0

    Allowance for Trade Operations

0.0

0.0

        Losses from Unrecovered Receivables

0.0

0.0

    Other Operating Charges

7.5

7.3

        External Services

7.5

7.2

        Taxes

0.0

0.0

Operating Benefits

4.2

3.2

    Financials and Similar Charges

0.0

0.1

        Due to Other Liabilities

0.0

0.1

    Exchange Losses

0.1

0.0

Net Financial Income

0.2

0.4

Profit From Ordinary Activities

4.4

3.6

Extraordinary Profit

0.0

-

Profit Before Taxes

4.4

3.6

    Corporation Tax

1.3

1.2

Financial Year Result (Profit)

3.1

2.4

Income

51.0

60.9

    Net Total Sales

50.6

60.4

        Sales

50.6

60.3

        Rendering of Services

0.2

0.2

        Sales Refunds

-0.2

-0.1

    Miscellaneous Operating Income

0.0

0.0

        Auxiliary Income From Current Management

0.0

0.0

        Grants

0.0

0.0

    Income From Miscellaneous Interests

0.3

0.3

        Miscellaneous Interests

0.3

0.3

    Gains from Exchange Rate

0.1

0.3

    Extraordinary Income

0.0

-

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-1998

31-Dec-1997

Filed Currency

EUR

EUR

Exchange Rate

0.845574

0.855029

Consolidated

No

No

 

 

 

        Fees Paid for Premises

1.8

-

        Payments on Account

0.0

0.0

    Total Intangible Fixed Assets

1.8

0.0

        Land and Construction

2.3

2.1

        Technical Installations and Machinery

0.1

0.1

        Other Installations, Tools, and Furniture

0.3

0.2

        Other Tangible Assets

0.0

0.0

        Accumulated Depreciation

-0.1

0.0

    Total Tangible Fixed Assets

2.6

2.4

        Long-Term Guarantees and Deposits

0.0

0.0

    Financial Investments

0.0

0.0

Total Fixed Assets

4.3

2.4

        Raw Materials and Other Consumables

0.0

0.0

    Total Stocks

0.0

0.0

        Trade Debtors

10.6

9.6

        Other Debtors

-

0.0

        Public Bodies

0.8

-

        Provisions

-0.1

0.0

    Total Debtors

11.3

9.6

    Cash

8.9

6.7

    Prepayments and Accrued Income

0.1

0.0

Total Current Assets

20.3

16.3

Total Assets

24.7

18.7

        Legal Reserve

0.1

0.1

        Miscellaneous Reserves

8.2

5.6

    Total Reserves

8.2

5.7

    Profit or Loss for the Financial Year

3.2

2.4

Total Equity

11.8

8.5

        Unrealised Exchange Gains

-

0.0

Total Deferred Income

-

0.0

        Amounts Owed to Group Companies

0.1

-

    Total Short-Term Amounts Owed to Group and Associa

0.1

-

        Amounts Owed for Purchases of Goods or Services

12.4

9.6

    Total Trade Creditors

12.4

9.6

        Public Bodies

0.4

0.1

        Miscellaneous Debts

-

0.4

        Wages and Salaries Payable

0.1

0.1

    Total Other Creditors

0.5

0.6

Total Short Term Creditors

12.9

10.2

Total Liabilities and Equity

24.7

18.7

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.28

UK Pound

1

Rs.80.08

Euro

1

Rs.68.45

 

 

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.