MIRA INFORM REPORT

 

 

Report Date :           

19.11.2011

 

IDENTIFICATION DETAILS

 

Name :

GALI INTERNACIONAL SA

 

 

Registered Office :

Ctra. Caldes De Montbui, S/N, Sentmenat, 08181

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2006

 

 

Year of Establishment :

1966

 

 

Com. Reg. No.:

A08229759

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

Manufacturer of machinery for textile, apparel and leather production

 

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 

 

Gali Internacional Sa

Ctra. Caldes De Montbui, S/N

Sentmenat, 08181

Spain

Tel:       +(34) 937153111

 

 

Synthesis     

 

Employees:                  46

Company Type:            Public Independent

Incorporation Date:         1966   

Financials in:                 USD (Millions)

Fiscal Year End:            12-Dec-2008

Reporting Currency:       Euro

Annual Sales:                8.5  1

Net Income:                  0.5

Total Assets:                 7.7

 

 

Business Description     

 

Manufacture of machinery for textile, apparel and leather production

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2469 - Other Specialised Machinery and Equipment Manufacturing

NACE 2002:      2954 - Manufacture of machinery for textile, apparel and leather production

NAICS 2002:     333292 - Textile Machinery Manufacturing

UK SIC 2003:    2954 - Manufacture of machinery for textile, apparel and leather production

US SIC 1987:    3552 - Textile Machinery

 

           

Key Executives   

 

Name

Title

Salvador Gali Mallofre

Member Of The Board, President

Llorenc Gali Trullenque

Secretary, Member Of The Board

Perez Titos Maria Del Carmen

Commercial Manager

Rosa Trullenque Teres

Member Of The Board

 

Registered No.(ESP): A08229759

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.6822957

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7478872

 

 

Corporate Overview

 

Location

Ctra. Caldes De Montbui, S/N

Sentmenat, 08181

Spain

Tel:       +(34) 937153111

           

Sales EUR(mil):             5.8

Assets EUR(mil):           5.7

Employees:                   46

Fiscal Year End:            12-Dec-2008

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1966

Company Type:             Public Independent

Quoted Status:              Not Quoted

Registered No.(ESP):     A08229759

Member Of The Board,

President:                     Salvador Gali Mallofre

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2469     -          Other Specialised Machinery and Equipment Manufacturing

 

NACE 2002 Codes:

2954     -          Manufacture of machinery for textile, apparel and leather production

 

NAICS 2002 Codes:

333292  -          Textile Machinery Manufacturing

 

US SIC 1987:

3552     -          Textile Machinery

 

UK SIC 2003:

2954     -          Manufacture of machinery for textile, apparel and leather production

 

Business Description

Manufacture of machinery for textile, apparel and leather production

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

5.8

Net Income:

0.4

Assets:

5.7

Current Assets:

4.8

 

Fixed Assets:

1.0

 

Long Term Debt:

0.0

 

Total Liabilities:

5.7

 

Net Worth:

4.2

 

 

 

Date of Financial Data:

12-Dec-2008

 

1 Year Growth

NA

NA

NA

 

Key Corporate Relationships

Bank:

Banco Bilbao Vizcaya Argentaria, S.A.

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Salvador Gali Mallofre

 

Member Of The Board, President

Director/Board Member

 

Llorenc Gali Trullenque

 

Secretary, Member Of The Board

Director/Board Member

 

Rosa Trullenque Teres

 

Member Of The Board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Salvador Gali Mallofre

 

Member Of The Board, President

President

 

Llorenc Gali Trullenque

 

Secretary, Member Of The Board

Administration Executive

 

Perez Titos Maria Del Carmen

 

Commercial Manager

Commercial Executive

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2006

31-Dec-2005

31-Dec-2004

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.796979

0.804541

0.804907

Consolidated

No

No

No

 

 

 

 

Charges

7.4

5.8

5.2

    Staff Costs

2.2

1.9

1.8

        Wages and Salaries

1.7

1.5

1.4

        Social Security Costs

0.5

0.5

0.4

    Depreciation

0.0

0.0

0.0

    Allowance for Trade Operations

0.1

0.3

0.1

    Other Operating Charges

0.7

0.5

0.5

Operating Benefits

-

0.2

0.5

    Financials and Similar Charges

0.0

0.0

0.0

        Due to Other Liabilities

0.0

0.0

0.0

    Exchange Losses

0.0

0.0

0.0

Net Financial Income

0.5

0.5

0.3

Profit From Ordinary Activities

0.5

0.7

0.8

    Losses From Assets and Securities Portfolio

-

0.1

-

Extraordinary Profit

0.0

-

0.0

Profit Before Taxes

0.5

0.6

0.8

    Corporation Tax

0.0

0.0

0.0

Financial Year Result (Profit)

0.5

0.5

0.8

Income

7.9

6.4

6.0

    Net Total Sales

7.3

5.9

5.6

Operating Losses

0.0

-

-

    Gains from Exchange Rate

0.0

0.0

0.0

    Extraordinary Income

0.0

0.0

0.0

Negative Extraordinary Results

-

0.1

-

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2006

31-Dec-2005

31-Dec-2004

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.758351

0.847781

0.7357

Consolidated

No

No

No

 

 

 

 

    Total Intangible Fixed Assets

0.0

0.0

0.0

    Total Tangible Fixed Assets

0.3

0.2

0.1

    Financial Investments

0.9

1.1

1.3

Total Fixed Assets

1.3

1.3

1.4

    Total Stocks

3.3

2.4

2.7

    Total Debtors

1.2

1.0

1.7

    Total Short-Term Investments

0.4

0.1

-

    Cash

1.3

1.1

0.5

Total Current Assets

6.3

4.7

5.0

Total Assets

7.6

6.0

6.4

    Total Reserves

3.4

2.6

1.4

    Profit or Loss Brought Forward

-

-

0.7

    Profit or Loss for the Financial Year

0.5

0.5

0.9

Total Equity

5.5

4.5

4.6

Total Long Term Liabilities

-

-

0.0

Total Short Term Creditors

2.1

1.5

1.8

Total Liabilities and Equity

7.6

6.0

6.4

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.35

UK Pound

1

Rs.80.97

Euro

1

Rs.68.26

 

 

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.