MIRA
INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
TELSTAR TECHNOLOGIES SL |
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Registered Office : |
Avg/ Font I Sague, 55 Parc Cientific I T. Orbital Num. Terrassa, 08224
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Country : |
Spain |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
2005 |
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Com. Reg. No.: |
B63797559 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of machinery for food, beverage and tobacco processing |
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 |
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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 – September 30, 2011
|
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
Telstar Technologies Sl
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Business
Description
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Manufacture of machinery for food, beverage and tobacco processing |
Industry
|
Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2469 - Other Specialised Machinery and
Equipment Manufacturing |
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NACE 2002: |
2953 - Manufacture of machinery for food,
beverage and tobacco processing |
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NAICS 2002: |
333294 - Food Product Machinery
Manufacturing |
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UK SIC 2003: |
2953 - Manufacture of machinery for food,
beverage and tobacco processing |
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US SIC 1987: |
3556 - Food Products Machinery |
Key Executives
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7419216
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7136995
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-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.796979 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Charges |
50.6 |
66.0 |
24.4 |
|
Supplies |
23.9 |
32.9 |
13.4 |
|
Goods Consumption |
- |
5.3 |
- |
|
Consumption of Raw
Materials |
18.4 |
21.9 |
10.8 |
|
Miscellaneous External
Expenditures |
5.5 |
5.6 |
2.6 |
|
Staff Costs |
15.6 |
17.4 |
4.1 |
|
Wages and Salaries |
12.6 |
13.6 |
3.2 |
|
Social Security Costs |
3.1 |
3.8 |
0.9 |
|
Depreciation |
1.9 |
2.6 |
1.2 |
|
Allowance for Trade Operations |
0.3 |
-1.1 |
0.6 |
|
Stock Provision
Variation |
0.2 |
- |
0.6 |
|
Losses from
Unrecovered Receivables |
- |
- |
0.0 |
|
Variation of Other
Trade Provisions |
0.1 |
-1.1 |
- |
|
Other Operating Charges |
9.6 |
13.5 |
3.8 |
|
External Services |
9.6 |
13.5 |
3.8 |
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Taxes |
0.0 |
0.0 |
0.0 |
|
Operating Benefits |
- |
1.3 |
3.0 |
|
Financials and Similar Charges |
0.5 |
1.9 |
0.2 |
|
Due to Liabilities
With Group Companies |
0.0 |
0.2 |
- |
|
Due to Other
Liabilities |
0.5 |
0.6 |
0.2 |
|
Losses from Financial
Investments |
- |
1.1 |
- |
|
Exchange Losses |
0.0 |
0.0 |
0.3 |
|
Net Financial Income |
- |
- |
0.2 |
|
Profit From Ordinary Activities |
- |
- |
3.1 |
|
Changes in Provisions for Assets |
- |
- |
0.1 |
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Expenses and Losses From Previous Years |
- |
- |
0.0 |
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Extraordinary Profit |
0.5 |
0.2 |
- |
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Profit Before Taxes |
- |
0.1 |
2.9 |
|
Corporation Tax |
-1.3 |
-1.2 |
0.7 |
|
Financial Year Result (Profit) |
- |
- |
2.3 |
|
Income |
50.4 |
67.3 |
26.6 |
|
Net Total Sales |
44.7 |
59.1 |
23.0 |
|
Sales |
44.7 |
59.1 |
23.0 |
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Increase in Stocks |
1.8 |
2.6 |
1.6 |
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Works Performed for Fixed Assets |
1.5 |
2.5 |
1.3 |
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Miscellaneous Operating Income |
1.8 |
2.4 |
0.1 |
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Auxiliary Income From
Current Management |
1.5 |
2.0 |
0.1 |
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Grants |
0.3 |
0.2 |
0.1 |
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Charges for Provisions |
- |
0.3 |
- |
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Operating Losses |
1.5 |
- |
- |
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Income From Other Securities and Receivables |
- |
- |
0.2 |
|
From Non-Group
Companies |
- |
- |
0.2 |
|
Income From Miscellaneous Interests |
0.1 |
0.4 |
0.1 |
|
From Group Companies |
0.1 |
0.3 |
0.0 |
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Miscellaneous
Interests |
0.0 |
0.2 |
0.0 |
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Profit on Financial
Investment |
0.0 |
- |
- |
|
Gains from Exchange Rate |
- |
- |
0.3 |
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Negative Financial Results |
0.4 |
1.4 |
- |
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Ordinary Activities' Losses |
2.0 |
0.1 |
- |
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Profit on Disposal of Assets |
0.0 |
0.0 |
- |
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Capital Grants Transferred to Profit and Loss |
0.5 |
0.2 |
- |
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Negative Extraordinary Results |
- |
- |
0.2 |
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Losses Before Taxes |
1.5 |
- |
- |
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Financial Year Result (Losses) |
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-2006 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.758351 |
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Consolidated |
No |
No |
No |
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|
|
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Formation Expenses |
- |
- |
0.2 |
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Research and
Development Costs |
4.5 |
4.0 |
6.5 |
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Concessions, Patents,
Trademarks |
0.2 |
0.1 |
0.0 |
|
Software |
0.0 |
0.0 |
0.1 |
|
Assets Under Capital
Lease |
- |
- |
6.5 |
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Accumulated
Depreciation |
- |
- |
-5.5 |
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Total Intangible Fixed Assets |
4.6 |
4.1 |
7.6 |
|
Technical
Installations and Machinery |
1.9 |
2.5 |
0.9 |
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Other Installations,
Tools, and Furniture |
- |
- |
1.5 |
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Tangible Fixed Assets
Under Construction |
0.2 |
0.0 |
- |
|
Other Tangible Assets |
- |
- |
0.3 |
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Accumulated
Depreciation |
- |
- |
-1.8 |
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Total Tangible Fixed Assets |
2.1 |
2.5 |
1.0 |
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Investments in Group
Companies |
0.0 |
1.3 |
2.6 |
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Receivables from Group
Companies |
0.2 |
1.9 |
0.7 |
|
Long-Term Guarantees
and Deposits |
0.1 |
0.1 |
0.0 |
|
Provisions |
- |
- |
-0.1 |
|
Long-Term Receivables
from Public Bodies |
- |
- |
0.1 |
|
Financial Investments |
0.3 |
3.3 |
3.2 |
|
Total Fixed Assets |
7.0 |
10.0 |
12.0 |
|
Deferred Expenses |
- |
- |
1.4 |
|
Raw Materials and
Other Consumables |
3.1 |
5.4 |
1.6 |
|
Goods in Process |
4.1 |
2.7 |
5.4 |
|
Finished Products |
2.6 |
2.0 |
0.6 |
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Payments on Account |
2.0 |
1.0 |
0.9 |
|
Provisions |
- |
- |
-0.6 |
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Total Stocks |
11.8 |
11.1 |
7.9 |
|
Trade Debtors |
12.6 |
21.0 |
14.1 |
|
Receivables, Group
Companies |
2.7 |
2.0 |
3.0 |
|
Other Debtors |
0.9 |
0.9 |
- |
|
Staff |
0.0 |
0.1 |
0.0 |
|
Public Bodies |
2.7 |
2.0 |
1.2 |
|
Provisions |
- |
- |
0.0 |
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Total Debtors |
19.0 |
25.9 |
18.2 |
|
Receivables from Group
Companies |
1.2 |
1.7 |
0.3 |
|
Short-Term Securities
Portfolio |
3.8 |
3.6 |
6.9 |
|
Short-Term Guarantees
and Deposits |
8.1 |
0.0 |
0.1 |
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Total Short-Term Investments |
13.1 |
5.3 |
7.2 |
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Cash |
0.9 |
0.6 |
0.1 |
|
Prepayments and Accrued Income |
0.1 |
0.2 |
0.0 |
|
Total Current Assets |
44.8 |
43.1 |
33.5 |
|
Total Assets |
51.8 |
53.1 |
46.9 |
|
Legal Reserve |
0.3 |
0.3 |
0.1 |
|
Miscellaneous Reserves |
7.0 |
6.7 |
0.7 |
|
Total Reserves |
7.3 |
7.0 |
0.8 |
|
Prior Year Losses |
-2.7 |
-3.8 |
- |
|
Profit or Loss Brought Forward |
-2.7 |
-3.8 |
- |
|
Profit or Loss for the Financial Year |
-0.2 |
1.2 |
2.4 |
|
Total Equity |
25.8 |
25.1 |
21.1 |
|
Capital Grants |
0.3 |
0.2 |
- |
|
Unrealised Exchange
Gains |
- |
- |
0.0 |
|
Total Deferred Income |
0.3 |
0.2 |
0.0 |
|
Other Provisions |
0.8 |
1.1 |
0.3 |
|
Total Provisions for Liabilities and Charges |
0.8 |
1.1 |
0.3 |
|
Loans and Other
Liabilities |
6.3 |
3.8 |
- |
|
Long-Term Liabilities
from Capital Leases |
- |
- |
7.6 |
|
Total Amounts Owed to Credit Institutions |
6.3 |
3.8 |
7.6 |
|
Amounts Owed to Group
Companies |
- |
1.3 |
- |
|
Total Debts with Group or Affiliated Companies |
- |
1.3 |
- |
|
Other Creditors |
- |
0.0 |
- |
|
Long-Term Payables to
Public Bodies |
0.3 |
0.4 |
0.1 |
|
Total Other Creditors |
0.3 |
0.4 |
0.1 |
|
Total Long Term Liabilities |
6.5 |
5.5 |
7.7 |
|
Loans and Other
Liabilities |
4.2 |
7.0 |
1.1 |
|
Short-Term Liabilities
from Capital Leases |
- |
- |
0.3 |
|
Total Amounts Owed to Credit Institutions |
4.2 |
7.0 |
1.4 |
|
Amounts Owed to Group
Companies |
0.6 |
1.2 |
1.0 |
|
Total Short-Term Amounts Owed to Group and
Associa |
0.6 |
1.2 |
1.0 |
|
Advanced Payments from
Customers |
- |
- |
9.1 |
|
Amounts Owed for
Purchases of Goods or Services |
11.8 |
10.5 |
5.2 |
|
Total Trade Creditors |
11.8 |
10.5 |
14.3 |
|
Public Bodies |
0.6 |
1.1 |
0.5 |
|
Miscellaneous Debts |
- |
- |
0.0 |
|
Wages and Salaries
Payable |
1.2 |
1.3 |
0.5 |
|
Total Other Creditors |
1.7 |
2.4 |
1.0 |
|
Total Short Term Creditors |
18.3 |
21.2 |
17.8 |
|
Short Term Provisions for Liabilities and Charges |
- |
0.0 |
- |
|
Total Liabilities and Equity |
51.8 |
53.1 |
46.9 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.87 |
|
|
1 |
Rs.79.73 |
|
Euro |
1 |
Rs.69.53 |
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.