MIRA
INFORM REPORT
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Report Date : |
12.10.2011 |
IDENTIFICATION DETAILS
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Name : |
FACET PEDREROS SA |
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Registered Office : |
C/ Jonqueres, 18 Barcelona, 08003 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1987 |
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Com. Reg. No.: |
A58288168 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Wholesale of metals and metal ores |
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 : |
No Complaints |
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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 |
company name and address
Facet Pedreros Sa
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Business Description
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Wholesale of metals and metal ores |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
3322 - Metal and Mineral Wholesaling |
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NACE 2002: |
5152 - Wholesale of metals and ores |
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NAICS 2002: |
423520 - Coal and Other Mineral and Ore
Merchant Wholesalers |
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UK SIC 2003: |
5152 - Wholesale of metals and ores |
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US SIC 1987: |
505 - Metals and Minerals, Except
Petroleum |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7208687
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7017298
Corporate Overview
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Corporate Structure News
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Facet Pedreros
Sa |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Facet Pedreros Sa |
Parent |
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Subsidiary |
Barcelona |
Spain |
Miscellaneous Capital Goods |
12.8 |
5 |
Executives Report
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Annual Profit
& Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Charges |
12.5 |
11.0 |
19.9 |
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Supplies |
10.6 |
8.5 |
15.7 |
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Goods Consumption |
10.6 |
8.5 |
15.7 |
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Consumption of Raw
Materials |
0.0 |
0.0 |
0.0 |
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Staff Costs |
0.2 |
0.4 |
1.0 |
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Wages and Salaries |
0.2 |
0.3 |
0.7 |
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Social Security Costs |
0.1 |
0.1 |
0.2 |
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Depreciation |
0.2 |
0.2 |
0.3 |
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Allowance for Trade Operations |
0.0 |
0.0 |
-0.1 |
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Losses from
Unrecovered Receivables |
0.0 |
0.0 |
-0.1 |
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Variation of Other Trade
Provisions |
0.0 |
0.0 |
0.0 |
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Other Operating Charges |
0.9 |
1.3 |
2.3 |
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External Services |
0.5 |
0.8 |
1.5 |
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Taxes |
0.0 |
0.0 |
0.0 |
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Other Operating
Expenses |
0.3 |
0.5 |
0.8 |
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Operating Benefits |
0.6 |
0.5 |
0.2 |
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Financials and Similar Charges |
0.2 |
0.4 |
0.8 |
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Due to Other
Liabilities |
0.2 |
0.4 |
0.8 |
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Changes in Financial Investment Provisions |
0.0 |
0.0 |
- |
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Exchange Losses |
0.2 |
0.0 |
- |
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Profit From Ordinary Activities |
0.3 |
0.2 |
0.2 |
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Changes in Provisions for Assets |
0.0 |
0.1 |
-0.1 |
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Losses From Assets and Securities Portfolio |
- |
- |
0.0 |
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Extraordinary Expenses |
0.0 |
0.0 |
0.0 |
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Extraordinary Profit |
- |
- |
0.1 |
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Profit Before Taxes |
0.3 |
0.1 |
0.3 |
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Corporation Tax |
0.1 |
0.0 |
0.1 |
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Financial Year Result (Profit) |
0.2 |
0.1 |
0.2 |
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Income |
12.7 |
11.1 |
20.1 |
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Net Total Sales |
12.3 |
10.6 |
18.9 |
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Sales |
12.3 |
10.6 |
18.9 |
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Miscellaneous Operating Income |
0.3 |
0.4 |
0.5 |
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Auxiliary Income From
Current Management |
0.3 |
0.4 |
0.5 |
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Income From Other Securities and Receivables |
0.0 |
0.0 |
0.0 |
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From Non-Group
Companies |
0.0 |
0.0 |
0.0 |
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Income From Miscellaneous Interests |
0.1 |
0.1 |
0.3 |
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From Group Companies |
0.1 |
0.0 |
0.2 |
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Miscellaneous
Interests |
0.0 |
0.0 |
0.1 |
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Profit on Financial
Investment |
0.0 |
- |
- |
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Gains from Exchange Rate |
- |
- |
0.5 |
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Negative Financial Results |
0.3 |
0.3 |
0.0 |
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Profit on Disposal of Assets |
- |
- |
0.0 |
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Negative Extraordinary Results |
0.0 |
0.1 |
- |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Software |
0.1 |
0.2 |
0.1 |
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Total Intangible Fixed Assets |
0.1 |
0.2 |
0.1 |
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Land and Construction |
1.0 |
1.1 |
1.1 |
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Technical
Installations and Machinery |
0.0 |
0.0 |
0.0 |
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Other Installations,
Tools, and Furniture |
0.5 |
0.7 |
0.8 |
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Other Tangible Assets |
0.1 |
0.2 |
0.2 |
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Total Tangible Fixed Assets |
1.7 |
2.1 |
2.2 |
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Investments in Group
Companies |
4.5 |
4.9 |
4.7 |
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Receivables from Group
Companies |
0.0 |
0.1 |
0.1 |
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Long-Term Securities
Portfolio |
- |
0.0 |
0.1 |
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Other Receivables |
0.1 |
0.1 |
0.1 |
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Long-Term Guarantees
and Deposits |
0.0 |
0.0 |
0.0 |
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Financial Investments |
4.7 |
5.1 |
5.1 |
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Total Fixed Assets |
6.5 |
7.3 |
7.4 |
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Goods for Resale |
2.9 |
3.2 |
4.3 |
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Total Stocks |
2.9 |
3.2 |
4.3 |
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Trade Debtors |
2.5 |
4.4 |
6.1 |
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Receivables, Group
Companies |
0.8 |
0.9 |
- |
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Other Debtors |
0.0 |
0.0 |
0.2 |
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Staff |
0.0 |
0.0 |
0.0 |
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Public Bodies |
0.0 |
0.1 |
0.1 |
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Total Debtors |
3.3 |
5.3 |
6.4 |
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Receivables from Group
Companies |
0.0 |
0.0 |
0.0 |
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Other Receivables |
0.9 |
0.3 |
0.0 |
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Short-Term Guarantees
and Deposits |
- |
0.0 |
0.0 |
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Total Short-Term Investments |
0.9 |
0.3 |
0.0 |
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Cash |
0.4 |
0.2 |
0.3 |
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Prepayments and Accrued Income |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
7.5 |
9.1 |
11.0 |
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Total Assets |
14.0 |
16.4 |
18.3 |
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Legal Reserve |
0.3 |
0.3 |
0.3 |
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Miscellaneous Reserves |
3.7 |
3.9 |
3.6 |
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Capital Adjustment to
Euros |
0.0 |
0.0 |
0.0 |
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Total Reserves |
4.0 |
4.3 |
3.9 |
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Partners Contribution
to Loss Compensation |
0.8 |
0.9 |
0.8 |
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Profit or Loss Brought Forward |
0.8 |
0.9 |
0.8 |
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Profit or Loss for the Financial Year |
0.2 |
0.1 |
0.2 |
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Total Equity |
6.6 |
6.9 |
6.6 |
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Loans and Other
Liabilities |
1.0 |
1.8 |
2.5 |
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Long-Term Liabilities
from Capital Leases |
0.0 |
0.0 |
0.0 |
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Total Amounts Owed to Credit Institutions |
1.0 |
1.8 |
2.5 |
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Other Creditors |
0.4 |
0.1 |
0.2 |
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Long-Term Payables to
Public Bodies |
0.0 |
0.0 |
0.0 |
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Total Other Creditors |
0.4 |
0.1 |
0.2 |
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Total Long Term Liabilities |
1.4 |
1.9 |
2.7 |
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Loans and Other
Liabilities |
2.9 |
4.4 |
5.7 |
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Short-Term Liabilities
from Capital Leases |
0.0 |
0.0 |
0.1 |
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Total Amounts Owed to Credit Institutions |
2.9 |
4.4 |
5.8 |
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Amounts Owed to Group
Companies |
- |
0.3 |
1.1 |
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Total Short-Term Amounts Owed to Group and
Associa |
- |
0.3 |
1.1 |
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Amounts Owed for
Purchases of Goods or Services |
3.0 |
2.5 |
1.9 |
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Total Trade Creditors |
3.0 |
2.5 |
1.9 |
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Public Bodies |
0.0 |
0.0 |
0.0 |
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Miscellaneous Debts |
0.0 |
0.4 |
0.3 |
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Wages and Salaries
Payable |
0.0 |
0.0 |
0.0 |
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Total Other Creditors |
0.0 |
0.4 |
0.3 |
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Provisions |
0.0 |
0.0 |
0.0 |
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Total Short Term Creditors |
5.9 |
7.5 |
9.0 |
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Total Liabilities and Equity |
14.0 |
16.4 |
18.3 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.03 |
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|
1 |
Rs.76.60 |
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Euro |
1 |
Rs.66.80 |
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 |
-- |
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.