MIRA
INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
CONSTRUCCIONES MECANICAS CABALLE SA |
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Registered Office : |
Progres, 293-299 Badalona, 08918 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment |
1976 |
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Com. Reg. No.: |
A08393571 |
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Legal Form : |
Public Independent |
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Line of Business : |
Manufacture of machinery for metallurgy |
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 : |
Usually Correct |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Construcciones Mecanicas Caballe Sa
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Business
Description
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Manufacture of machinery for metallurgy |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2463 - Machine Tool and Parts
Manufacturing |
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NACE 2002: |
2951 - Manufacture of machinery for
metallurgy |
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NAICS 2002: |
333516 - Rolling Mill Machinery and
Equipment Manufacturing |
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UK SIC 2003: |
2951 - Manufacture of machinery for
metallurgy |
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US SIC 1987: |
3547 - Rolling Mill Machinery and
Equipment |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7570275
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7732158
Corporate Overview
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Executives Report
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Annual Profit & Loss
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
|
|
|
|
|
|
Charges |
34.5 |
38.3 |
32.0 |
|
Supplies |
18.5 |
21.7 |
19.0 |
|
Goods Consumption |
2.4 |
0.0 |
1.9 |
|
Consumption of Raw
Materials |
15.9 |
21.3 |
16.8 |
|
Miscellaneous External
Expenditures |
0.2 |
0.4 |
0.3 |
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Staff Costs |
7.5 |
7.1 |
5.3 |
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Wages and Salaries |
6.2 |
5.8 |
4.2 |
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Social Security Costs |
1.3 |
1.3 |
1.1 |
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Depreciation |
0.1 |
0.1 |
0.2 |
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Allowance for Trade Operations |
0.0 |
0.4 |
0.4 |
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Stock Provision
Variation |
0.2 |
0.1 |
- |
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Variation of Other
Trade Provisions |
-0.1 |
0.3 |
0.4 |
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Other Operating Charges |
6.6 |
8.1 |
6.1 |
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External Services |
6.6 |
7.7 |
6.1 |
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Taxes |
0.0 |
0.1 |
0.0 |
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Other Operating
Expenses |
0.0 |
0.3 |
- |
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Operating Benefits |
5.1 |
6.4 |
1.7 |
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Financials and Similar Charges |
0.2 |
0.5 |
0.1 |
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Due to Other
Liabilities |
0.2 |
0.5 |
0.1 |
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Changes in Financial Investment Provisions |
0.0 |
- |
- |
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Exchange Losses |
- |
- |
0.4 |
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Net Financial Income |
0.4 |
0.1 |
- |
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Profit From Ordinary Activities |
5.4 |
6.5 |
1.5 |
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Extraordinary Expenses |
- |
- |
0.0 |
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Expenses and Losses From Previous Years |
- |
- |
0.4 |
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Extraordinary Profit |
0.1 |
0.0 |
- |
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Profit Before Taxes |
5.5 |
6.5 |
1.3 |
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Corporation Tax |
1.5 |
0.5 |
- |
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Financial Year Result (Profit) |
3.9 |
6.0 |
1.3 |
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Income |
38.5 |
44.3 |
33.3 |
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Net Total Sales |
37.9 |
43.8 |
32.7 |
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Sales |
37.9 |
43.8 |
32.8 |
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Sales Refunds |
0.0 |
-0.1 |
0.0 |
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Income From Other Securities and Receivables |
- |
- |
0.1 |
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From Group Companies |
- |
- |
0.1 |
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Income From Miscellaneous Interests |
0.6 |
0.5 |
0.1 |
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Miscellaneous
Interests |
0.6 |
0.5 |
0.1 |
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Gains from Exchange Rate |
0.0 |
0.0 |
0.1 |
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Negative Financial Results |
- |
- |
0.2 |
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Profit on Disposal of Assets |
0.1 |
0.0 |
- |
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Capital Grants Transferred to Profit and Loss |
- |
- |
0.0 |
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Extraordinary Income |
- |
- |
0.2 |
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Income and Profit From Previous Years |
- |
- |
0.0 |
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Negative Extraordinary Results |
- |
- |
0.2 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Research and
Development Costs |
0.0 |
0.0 |
0.0 |
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Concessions, Patents,
Trademarks |
- |
- |
0.1 |
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Software |
- |
- |
0.5 |
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Assets Under Capital
Lease |
- |
- |
0.0 |
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Accumulated
Depreciation |
- |
- |
-0.5 |
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Total Intangible Fixed Assets |
0.0 |
0.0 |
0.0 |
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Technical
Installations and Machinery |
0.0 |
0.0 |
0.2 |
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Other Installations,
Tools, and Furniture |
0.1 |
0.1 |
1.7 |
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Other Tangible Assets |
0.1 |
0.1 |
1.1 |
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Accumulated
Depreciation |
- |
- |
-2.8 |
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Total Tangible Fixed Assets |
0.2 |
0.2 |
0.3 |
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Investments in Group
Companies |
- |
- |
0.0 |
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Long-Term Guarantees
and Deposits |
0.1 |
0.1 |
0.0 |
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Provisions |
- |
- |
0.0 |
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Financial Investments |
0.1 |
0.1 |
0.0 |
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Total Fixed Assets |
0.3 |
0.3 |
0.3 |
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Deferred Expenses |
- |
- |
0.0 |
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Goods for Resale |
- |
0.6 |
- |
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Raw Materials and
Other Consumables |
0.4 |
- |
- |
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Goods in Process |
5.7 |
6.2 |
6.7 |
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Finished Products |
- |
0.3 |
- |
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Payments on Account |
0.0 |
0.7 |
0.0 |
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Provisions |
- |
- |
-0.5 |
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Total Stocks |
6.2 |
7.8 |
6.3 |
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Trade Debtors |
2.3 |
7.7 |
6.3 |
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Receivables, Group
Companies |
0.4 |
- |
0.1 |
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Other Debtors |
0.0 |
0.0 |
0.4 |
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Public Bodies |
0.4 |
0.6 |
1.0 |
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Provisions |
- |
- |
-0.1 |
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Total Debtors |
3.1 |
8.3 |
7.7 |
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Short-Term Securities
Portfolio |
18.1 |
17.0 |
- |
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Other Receivables |
0.1 |
- |
- |
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Total Short-Term Investments |
18.1 |
17.0 |
- |
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Cash |
0.6 |
1.6 |
7.6 |
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Total Current Assets |
28.1 |
34.6 |
21.5 |
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Total Assets |
28.4 |
35.0 |
21.8 |
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Legal Reserve |
0.2 |
0.2 |
0.2 |
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Miscellaneous Reserves |
10.0 |
8.6 |
9.0 |
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Total Reserves |
10.2 |
8.8 |
9.2 |
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Prior Year Losses |
- |
-4.6 |
-6.2 |
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Profit or Loss Brought Forward |
- |
-4.6 |
-6.2 |
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Profit or Loss for the Financial Year |
4.1 |
5.7 |
1.4 |
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Total Equity |
15.2 |
10.8 |
5.3 |
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Other Creditors |
- |
- |
0.0 |
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Total Other Creditors |
- |
- |
0.0 |
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Total Long Term Liabilities |
- |
- |
0.0 |
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Amounts Owed to Group
Companies |
0.3 |
0.3 |
- |
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Total Short-Term Amounts Owed to Group and
Associa |
0.3 |
0.3 |
- |
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Advanced Payments from
Customers |
2.7 |
10.7 |
6.0 |
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Amounts Owed for
Purchases of Goods or Services |
6.7 |
10.1 |
2.7 |
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Debts Represented by
Notes Payable |
- |
- |
6.4 |
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Total Trade Creditors |
9.3 |
20.8 |
15.1 |
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Public Bodies |
0.8 |
0.7 |
- |
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Miscellaneous Debts |
- |
0.5 |
0.0 |
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Wages and Salaries
Payable |
0.4 |
0.2 |
0.4 |
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Total Other Creditors |
1.2 |
1.4 |
0.4 |
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Provisions |
- |
- |
0.2 |
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Prepayments and Accrued Income |
2.0 |
1.7 |
0.9 |
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Total Short Term Creditors |
12.8 |
24.2 |
16.5 |
|
Short Term Provisions for Liabilities and Charges |
0.4 |
- |
- |
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Total Liabilities and Equity |
28.4 |
35.0 |
21.8 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
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|
1 |
Rs.77.13 |
|
Euro |
1 |
Rs.67.55 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
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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.