MIRA INFORM REPORT

 

 

Report Date :           

23.09.2011

 

IDENTIFICATION DETAILS

 

Name :

JUARISTI T.S. COMERCIAL SL

 

 

Registered Office :

Poligono Basarte, 2, Azkoitia, 20720

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2009

 

 

Year of Establishment :

1994

 

 

Com. Reg. No.:

B20492542

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Manufacture of other machine tools

 

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 – 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

 

Company name & address 

 

Juaristi T.S. Comercial Sl

Poligono Basarte, 2

Azkoitia, 20720

Spain

 Tel:      +(34) 943851221

 Web:   www.juaristi.com

 

 

Synthesis

           

Employees:                  62

Company Type:             Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            Juaristi T.S. Comercial Sl

Incorporation Date:         1994

Auditor: A.B.Z.              Audilan Slp       

Financials in:                 USD (Millions)

Fiscal Year End:            10-Feb-2011

Reporting Currency:       Euro

Annual Sales:               38.9  1

Net Income:                  0.2

Total Assets:                23.8

 

 

Business Description     

 

Manufacture of other machine tools

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2463 - Machine Tool and Parts Manufacturing

NACE 2002:      2943 - Manufacture of other machine tools not elsewhere classified

NAICS 2002:     33351 - Metalworking Machinery Manufacturing

UK SIC 2003:    2943 - Manufacture of other machine tools not elsewhere classified

US SIC 1987:    3549 - Metalworking Machinery, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Ariznavarreta Javier

Managing Director

Zarandona Vega Jon

Director/General Manager, Administrator

Arranbarre Begoña

Financial Director

Mindeguia Jesus

Commercial Manager

 

 

Key IDSM Number: 100984024

Registered No.(ESP): B20492542

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7593456

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.73524

 

 

Corporate Overview

 

Location

Poligono Basarte, 2

Azkoitia, 20720

Spain

Tel:       +(34) 943851221

Web:    www.juaristi.com

           

Sales EUR(mil):             29.5

Assets EUR(mil):           17.5

Employees:                   62

Fiscal Year End:            10-Feb-2011

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1994

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(ESP):     B20492542

Managing Director:         Ariznavarreta Javier

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2463     -          Machine Tool and Parts Manufacturing

 

NACE 2002 Codes:

2943     -          Manufacture of other machine tools not elsewhere classified

 

NAICS 2002 Codes:

33351   -          Metalworking Machinery Manufacturing

 

US SIC 1987:

3549     -          Metalworking Machinery, Not Elsewhere Classified

UK SIC 2003:

2943     -          Manufacture of other machine tools not elsewhere classified

 

Business Description

Manufacture of other machine tools

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

29.5

Net Income:

0.2

Assets:

17.5

Current Assets:

16.8

 

Fixed Assets:

0.7

 

Long Term Debt:

0.1

 

Total Liabilities:

17.5

 

Issued Capital:

0.6

 

Net Worth:

2.6

 

 

 

Date of Financial Data:

10-Feb-2011

 

1 Year Growth

-9.4%

NA

NA

 

Key Corporate Relationships

Auditor:

A.B.Z. Audilan Slp

Bank:

Banco Bilbao Vizcaya Argentaria, S.A., Bilbao Bizkaia Kutxa,Aurrezki Kutxa Eta Bahitetxea

 

Auditor:

A.B.Z. Audilan Slp

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

 

Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Juaristi T.S. Comercial Sl

Parent

 

 

 

 

 

 

Juaristi T.S. Comercial Sl

Subsidiary

Azkoitia, Guipuzcoa

Spain

Miscellaneous Capital Goods

38.9

62

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Zarandona Vega Jon

 

Director/General Manager, Administrator

Division Head Executive

 

Ariznavarreta Javier

 

Managing Director

Managing Director

 

Arranbarre Begoña

 

Financial Director

Finance Executive

 

Mindeguia Jesus

 

Commercial Manager

Commercial Executive

 

 

 

Annual Profit & Loss

 

 

 

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

41.0

47.6

31.0

    Stock Reduction

4.5

0.3

-

    Supplies

26.7

37.3

25.0

        Goods Consumption

-

-

15.0

        Consumption of Raw Materials

19.4

27.2

3.4

        Miscellaneous External Expenditures

7.3

10.0

6.5

    Depreciation

0.5

0.5

0.2

    Allowance for Trade Operations

-

-

0.4

        Stock Provision Variation

-

-

0.1

        Losses from Unrecovered Receivables

-

-

0.3

    Other Operating Charges

8.4

9.1

5.1

        External Services

8.4

9.1

5.1

        Taxes

0.0

0.0

0.0

Operating Benefits

1.1

0.7

0.4

    Financials and Similar Charges

0.4

0.5

0.2

        Due to Liabilities With Group Companies

0.4

0.5

-

        Due to Other Liabilities

-

-

0.2

    Changes in Financial Investment Provisions

0.0

-

0.0

    Exchange Losses

-

-

0.0

Profit From Ordinary Activities

0.7

0.3

0.3

    Extraordinary Expenses

0.5

0.0

0.1

Profit Before Taxes

0.2

0.2

0.2

    Corporation Tax

0.0

0.0

0.0

Financial Year Result (Profit)

0.2

0.2

0.2

Income

41.2

47.9

31.2

    Net Total Sales

41.1

47.6

28.1

        Sales

40.8

47.4

27.5

        Rendering of Services

0.3

0.2

0.6

    Increase in Stocks

-

-

3.0

    Miscellaneous Operating Income

0.1

0.2

0.0

        Grants

0.1

0.2

0.0

    Income From Equity Investment

-

0.0

-

        Third Parties

-

0.0

-

    Income From Other Securities and Receivables

-

-

0.1

        From Group Companies

-

-

0.1

    Income From Miscellaneous Interests

0.0

0.0

0.0

        From Group Companies

0.0

-

-

        Miscellaneous Interests

0.0

0.0

0.0

    Gains from Exchange Rate

-

0.0

-

Negative Financial Results

0.4

0.4

0.2

Negative Extraordinary Results

0.5

0.0

0.1

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2006

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.758351

Consolidated

No

No

No

 

 

 

 

        Research and Development Costs

-

-

0.2

        Fees Paid for Premises

-

-

0.7

        Software

-

0.0

0.0

        Accumulated Depreciation

-

-

-0.5

    Total Intangible Fixed Assets

-

0.0

0.4

        Land and Construction

0.2

0.7

-

        Technical Installations and Machinery

0.8

0.4

1.6

        Other Installations, Tools, and Furniture

-

-

0.1

        Other Tangible Assets

-

-

0.2

        Accumulated Depreciation

-

-

-1.2

    Total Tangible Fixed Assets

1.0

1.2

0.7

Total Fixed Assets

1.0

1.2

1.2

        Goods for Resale

-

-

0.2

        Raw Materials and Other Consumables

0.4

0.3

0.0

        Goods in Process

6.2

11.4

8.6

        Finished Products

0.9

0.1

-

        Payments on Account

0.2

0.6

0.4

        Provisions

-

-

-0.1

    Total Stocks

7.8

12.4

9.0

        Trade Debtors

8.5

7.7

6.6

        Receivables, Group Companies

-

0.2

-

        Other Debtors

-

0.2

0.0

        Public Bodies

1.1

1.1

1.0

        Provisions

-

-

-0.4

    Total Debtors

9.7

9.1

7.2

        Short-Term Securities Portfolio

5.1

4.6

2.8

        Short-Term Guarantees and Deposits

0.0

0.3

-

        Provisions

-

-

0.0

    Total Short-Term Investments

5.1

4.8

2.8

    Cash

1.0

0.7

0.2

    Prepayments and Accrued Income

0.6

0.4

0.1

Total Current Assets

24.1

27.4

19.4

Total Assets

25.1

28.5

20.5

        Legal Reserve

0.3

0.3

0.2

        Miscellaneous Reserves

2.3

1.8

1.7

    Total Reserves

2.6

2.1

1.8

    Profit or Loss for the Financial Year

0.2

0.2

0.2

Total Equity

3.7

3.2

2.8

        Long-Term Payables to Public Bodies

0.2

0.1

-

    Total Other Creditors

0.2

0.1

-

Total Long Term Liabilities

0.2

0.1

-

        Loans and Other Liabilities

3.8

1.5

0.4

    Total Amounts Owed to Credit Institutions

3.8

1.5

0.4

        Amounts Owed to Group Companies

-

0.0

-

    Total Short-Term Amounts Owed to Group and Associa

-

0.0

-

        Advanced Payments from Customers

7.4

11.8

7.6

        Amounts Owed for Purchases of Goods or Services

10.0

12.0

9.7

    Total Trade Creditors

17.5

23.8

17.2

        Public Bodies

0.0

0.0

0.1

        Miscellaneous Debts

-

-

0.0

    Total Other Creditors

0.0

0.0

0.1

Total Short Term Creditors

21.3

25.2

17.7

Total Liabilities and Equity

25.1

28.5

20.5

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.82

UK Pound

1

Rs.75.48

Euro

1

Rs.66.10

 

 

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.