MIRA INFORM REPORT

 

 

Report Date :           

09.09.2011

 

IDENTIFICATION DETAILS

 

Name :

PIMURSA SL

 

 

Registered Office :

Calle Lo Navarro 10, Murcia, 30110

 

 

Country :

Spain

 

 

Date of Incorporation :

31.12.2005

 

 

Com. Reg. No.:

B30010797

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Manufacture of other food products

 

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 :

Usually Correct

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Spain

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Company name & address 

 

Pimursa Sl

Calle Lo Navarro 10

Murcia, 30110

Spain

Tel:       +(34) 968879999

Fax:      +(34) 968831016

 Web:   www.pimursa.es

 

           

Synthesis

 

Employees:                  60

Company Type:            Private Independent

Incorporation Date:         1967   

Financials in:                 USD (Millions)

Fiscal Year End:            20-Apr-2009

Reporting Currency:       Euro

Annual Sales:               20.2  1

Net Income:                   0.3

Total Assets:                 15.7

 

 

Business Description     

 

Manufacture of other food products n.e.c.

 

 

Industry      

 

Industry            Food Processing

ANZSIC 2006:    1199 - Other Food Product Manufacturing Not Elsewhere Classified

NACE 2002:      1589 - Manufacture of other food products not elsewhere classified

NAICS 2002:     31199 - All Other Food Manufacturing

UK SIC 2003:    1589 - Manufacture of other food products not elsewhere classified

US SIC 1987:    2099 - Food Preparations, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Sanchez Franco Jose Miguel

Combined Chief Executive Officer, Member Of The Board

Muñoz Jose Sanchez

President, Member Of The Board

Antonio Sanchez Juan

Financial Director

Sanchez Miguel

Chief Buyer

Angel Guerrero Miguel

Commercial Manager

 

Registered No.(ESP): B30010797

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7142825

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7739639

 

 

Corporate Overview

 

Location

Calle Lo Navarro 10

Murcia, 30110

Spain

Tel:       +(34) 968879999

Fax:      +(34) 968831016

Web:    www.pimursa.es

           

Sales EUR(mil):             14.4

Assets EUR(mil):           12.1

Employees:                   60

Fiscal Year End:            20-Apr-2009

Industry:                        Food Processing

Incorporation Date:         1967

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(ESP):     B30010797

Combined Chief

Executive Officer,

Member Of The Board:   Sanchez Franco Jose Miguel

 

Contents

 

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

ANZSIC 2006 Codes:

1199     -          Other Food Product Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

1589     -          Manufacture of other food products not elsewhere classified

 

NAICS 2002 Codes:

31199   -          All Other Food Manufacturing

 

US SIC 1987:

2099     -          Food Preparations, Not Elsewhere Classified

 

UK SIC 2003:

1589     -          Manufacture of other food products not elsewhere classified

 

Business Description

Manufacture of other food products n.e.c.

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

14.4

Net Income:

0.2

Assets:

12.1

Current Assets:

9.0

 

Fixed Assets:

3.1

 

Long Term Debt:

1.8

 

Total Liabilities:

12.1

 

Net Worth:

3.5

 

 

 

Date of Financial Data:

20-Apr-2009

 

1 Year Growth

4.8%

NA

NA

 

Key Corporate Relationships

Bank:

Banco Popular Español, S.A.

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Muñoz Antonio Sanchez

 

Vice Chairman, Member Of The Board

Vice-Chairman

 

Sanchez Franco Jose Miguel

 

Combined Chief Executive Officer, Member Of The Board

Director/Board Member

 

Muñoz Jose Sanchez

 

President, Member Of The Board

Director/Board Member

 

Sanchez Franco Juan Antonio

 

Member Of The Board, Combined Chief Executive Officer

Director/Board Member

 

Sanchez Ballesteros Luis Miguel

 

Combined Chief Executive Officer, Member Of The Board

Director/Board Member

 

Guerrero Sanchez Miguel Angel

 

Combined Chief Executive Officer, Member Of The Board

Director/Board Member

 

Muñoz Rita Sanchez

 

Member Of The Board, Combined Chief Executive Officer, Secretary

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Sanchez Franco Jose Miguel

 

Combined Chief Executive Officer, Member Of The Board

Chief Executive Officer

 

Sanchez Franco Juan Antonio

 

Member Of The Board, Combined Chief Executive Officer

Chief Executive Officer

 

Sanchez Ballesteros Luis Miguel

 

Combined Chief Executive Officer, Member Of The Board

Chief Executive Officer

 

Guerrero Sanchez Miguel Angel

 

Combined Chief Executive Officer, Member Of The Board

Chief Executive Officer

 

Muñoz Rita Sanchez

 

Member Of The Board, Combined Chief Executive Officer, Secretary

Chief Executive Officer

 

Muñoz Jose Sanchez

 

President, Member Of The Board

President

 

Antonio Sanchez Juan

 

Financial Director

Finance Executive

 

Angel Guerrero Miguel

 

Commercial Manager

Commercial Executive

 

Sanchez Miguel

 

Chief Buyer

Merchandise Management Executive

 


 

Annual Profit & Loss

 

 

 

31-Dec-2005

31-Dec-2004

31-Dec-2003

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.804541

0.804907

0.885248

Consolidated

No

No

No

 

 

 

 

Charges

18.2

17.6

14.6

    Stock Reduction

1.2

-

0.3

    Supplies

11.4

13.0

9.0

        Goods Consumption

3.7

5.8

3.0

        Consumption of Raw Materials

7.8

7.2

6.0

    Staff Costs

2.1

2.1

2.0

        Wages and Salaries

1.7

1.6

1.5

        Social Security Costs

0.4

0.4

0.4

    Depreciation

0.3

0.2

0.2

    Allowance for Trade Operations

0.0

-

-

        Losses from Unrecovered Receivables

0.0

-

-

    Other Operating Charges

2.2

2.0

1.8

        External Services

2.1

1.9

1.8

        Taxes

0.0

0.0

0.0

Operating Benefits

0.7

0.4

0.8

    Financials and Similar Charges

0.2

0.1

0.1

        Due to Other Liabilities

0.2

0.1

0.1

    Exchange Losses

0.6

0.2

1.0

Profit From Ordinary Activities

0.3

0.2

0.0

    Extraordinary Expenses

0.0

0.0

0.0

Extraordinary Profit

0.0

0.0

0.4

Profit Before Taxes

0.4

0.2

0.4

    Corporation Tax

0.1

0.1

0.1

Financial Year Result (Profit)

0.2

0.2

0.2

Income

18.5

17.8

14.8

    Net Total Sales

17.9

17.1

14.1

        Sales

17.9

17.1

14.1

        Rendering of Services

-

0.0

-

    Increase in Stocks

-

0.5

-

    Miscellaneous Operating Income

0.0

-

0.0

        Auxiliary Income From Current Management

0.0

-

0.0

        Grants

-

-

0.0

    Income From Miscellaneous Interests

0.0

0.0

0.0

        Miscellaneous Interests

0.0

0.0

0.0

    Gains from Exchange Rate

0.5

0.1

0.3

Negative Financial Results

0.3

0.2

0.8

    Extraordinary Income

0.0

0.0

0.4

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2005

31-Dec-2004

31-Dec-2003

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.847781

0.7357

0.792801

Consolidated

No

No

No

 

 

 

 

        Research and Development Costs

0.0

0.0

0.0

        Concessions, Patents, Trademarks

0.0

0.0

0.0

        Software

0.1

0.1

0.1

        Accumulated Depreciation

-0.1

-0.1

-0.1

    Total Intangible Fixed Assets

0.0

0.1

0.1

        Land and Construction

1.8

2.1

0.9

        Technical Installations and Machinery

4.5

4.2

2.9

        Other Installations, Tools, and Furniture

0.6

0.5

0.5

        Tangible Fixed Assets Under Construction

0.0

0.0

-

        Other Tangible Assets

0.7

0.8

0.8

        Accumulated Depreciation

-4.1

-4.3

-3.8

    Total Tangible Fixed Assets

3.4

3.3

1.2

        Receivables from Group Companies

0.2

-

-

        Long-Term Securities Portfolio

0.0

0.0

0.0

        Long-Term Guarantees and Deposits

0.0

0.0

0.0

    Financial Investments

0.2

0.0

0.0

Total Fixed Assets

3.6

3.4

1.2

        Goods for Resale

-

-

2.0

        Raw Materials and Other Consumables

4.9

3.5

1.2

        Goods in Process

0.5

1.9

-

        Payments on Account

0.8

-

-

    Total Stocks

6.2

5.4

3.2

        Trade Debtors

4.0

4.1

4.3

        Other Debtors

0.0

0.1

0.0

        Public Bodies

0.1

0.3

0.1

        Provisions

-0.1

-0.1

-0.1

    Total Debtors

4.0

4.4

4.4

    Cash

-

1.7

0.6

    Prepayments and Accrued Income

0.4

-

-

Total Current Assets

10.6

11.5

8.2

Total Assets

14.3

14.9

9.5

        Legal Reserve

0.0

0.0

0.0

        Miscellaneous Reserves

4.0

4.6

4.1

    Total Reserves

4.0

4.6

4.2

    Profit or Loss for the Financial Year

0.2

0.2

0.3

    Interim Dividend Paid

-0.1

-0.2

-0.2

Total Equity

4.2

4.8

4.4

        Loans and Other Liabilities

2.1

2.7

0.1

    Total Amounts Owed to Credit Institutions

2.1

2.7

0.1

Total Long Term Liabilities

2.1

2.7

0.1

        Loans and Other Liabilities

5.7

5.2

3.3

    Total Amounts Owed to Credit Institutions

5.7

5.2

3.3

        Amounts Owed for Purchases of Goods or Services

0.6

-0.1

0.2

        Debts Represented by Notes Payable

1.0

1.6

0.8

    Total Trade Creditors

1.5

1.5

1.0

        Public Bodies

0.1

0.1

0.2

        Miscellaneous Debts

0.5

0.4

0.3

        Wages and Salaries Payable

0.2

0.2

0.2

    Total Other Creditors

0.8

0.7

0.7

Total Short Term Creditors

8.0

7.4

5.0

Total Liabilities and Equity

14.3

14.9

9.5

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.18

UK Pound

1

Rs.73.65

Euro

1

Rs.64.95

 

 

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.