MIRA INFORM REPORT

 

 

Report Date :

12.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ELECTRO JET SA

 

 

Registered Office :

C/ Ctra. De Vic A Manlleu, Km I,5 Edif. 'el Tint' Gurb, 08519

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1986

 

 

Com. Reg. No.:

A58289141

 

 

Legal Form :

Public Independent

 

 

Line of Business :

Manufacture of machinery for textile, apparel and leather production

 

 

No. of Employees :

24

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

Top of Form

Bottom of Form

Electro Jet Sa

                                                                                                                                                

 

C/ Ctra. De Vic A Manlleu, Km I,5 Edif. 'el Tint'

 

 

Gurb, 08519

Spain

 

Tel:

+(34) 938511712

 

www.electro-jet.com

 

 

Employees:

24

Company Type:

Public Independent

 

 

Incorporation Date:

1986

Auditor:

Paccioli Auditors Slp

Financials in:

USD (mil)

 

 

Fiscal Year End:

21-Oct-2011

Reporting Currency:

Euro

Annual Sales:

16.3  1

Net Income:

1.7

Total Assets:

19.7

                                         

Business Description          

 

Manufacture of machinery for textile, apparel and leather production

      

Industry                                                                       

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

2469 - Other Specialised Machinery and Equipment Manufacturing

NACE 2002:

2954 - Manufacture of machinery for textile, apparel and leather production

NAICS 2002:

333292 - Textile Machinery Manufacturing

UK SIC 2003:

2954 - Manufacture of machinery for textile, apparel and leather production

US SIC 1987:

3552 - Textile Machinery

 

Key Executives           

   

 

Name

Title

Genero Font Ramon

Financial Director

Mireia Rovira Campdelacreu

Joint Manager

Ester Rovira Latorre

Joint Manager

Juan Rovira Trias

Administrator

Jose Rovira Trias

Administrator

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7186079
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7195539

 

 

Corporate Overview

 

Location
C/ Ctra. De Vic A Manlleu, Km I,5 Edif. 'el Tint'
Gurb, 08519
Spain

 

Tel:

+(34) 938511712

 

www.electro-jet.com

Sales EUR(mil):

11.7

Assets EUR(mil):

14.1

Employees:

24

Fiscal Year End:

21-Oct-2011

 

Industry:

Miscellaneous Capital Goods

Incorporation Date:

1986

Company Type:

Public Independent

Quoted Status:

Not Quoted

Registered No.(ESP):

A58289141

 

Financial Director:

Genero Font Ramon

Contents

Industry Codes

Business Description

Financial Data

Branch Offices

 

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

2469

-

Other Specialised Machinery and Equipment Manufacturing

 

NACE 2002 Codes:

2954

-

Manufacture of machinery for textile, apparel and leather production

 

NAICS 2002 Codes:

333292

-

Textile Machinery Manufacturing

 

US SIC 1987:

3552

-

Textile Machinery

 

UK SIC 2003:

2954

-

Manufacture of machinery for textile, apparel and leather production

 

 

Business Description

Manufacture of machinery for textile, apparel and leather production

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

11.7

Net Income:

1.3

Assets:

14.1

Current Assets:

9.0

 

Fixed Assets:

5.2

 

Long Term Debt:

0.2

 

Total Liabilities:

14.1

 

Net Worth:

10.1

 

 

 

Date of Financial Data:

21-Oct-2011

 

1 Year Growth

88.6%

NA

NA

 

 

Branch Offices

Location
Calle Bellfort S/N
Manlleu, 08560

 

Tel:

+(34) 938511712

Location
Ctra Manlleu Km 1.5
Vic, 08500

 

Tel:

+(34) 938891095

 

 

 

Key Corporate Relationships

Auditor:

Paccioli Auditors Slp

Bank:

Banco Pastor, S.A.

 

Auditor:

Paccioli Auditors Slp

 

 

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Mireia Rovira Campdelacreu

 

Joint Manager

Director/Board Member

Ester Rovira Latorre

 

Joint Manager

Director/Board Member

Juan Rovira Trias

 

Administrator

Director/Board Member

Jose Rovira Trias

 

Administrator

Director/Board Member

 

Executives

 

Name

Title

Function

Mireia Rovira Campdelacreu

 

Joint Manager

Administration Executive

Ester Rovira Latorre

 

Joint Manager

Administration Executive

Juan Rovira Trias

 

Administrator

Administration Executive

Jose Rovira Trias

 

Administrator

Administration Executive

Genero Font Ramon

 

Financial Director

Finance Executive

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Charges

15.8

9.2

14.2

    Stock Reduction

-

1.5

-

    Supplies

11.0

3.1

8.8

        Consumption of Raw Materials

8.2

1.5

4.9

        Miscellaneous External Expenditures

2.8

1.6

3.9

    Staff Costs

1.4

2.4

2.5

        Wages and Salaries

1.1

2.0

2.0

        Social Security Costs

0.3

0.4

0.5

    Depreciation

0.5

0.6

0.7

    Allowance for Trade Operations

0.0

0.0

0.0

        Losses from Unrecovered Receivables

0.0

0.0

0.0

    Other Operating Charges

2.6

1.3

2.0

        External Services

2.5

1.3

2.0

        Taxes

0.0

0.0

0.0

Operating Benefits

1.7

0.1

0.2

    Financials and Similar Charges

0.0

0.1

0.1

        Due to Other Liabilities

0.0

0.1

0.1

    Exchange Losses

-

0.0

0.0

Net Financial Income

0.1

-

-

Profit From Ordinary Activities

1.8

0.1

0.2

    Losses From Assets and Securities Portfolio

0.0

0.0

0.0

Extraordinary Profit

0.1

0.0

0.0

Profit Before Taxes

1.9

0.1

0.2

    Corporation Tax

0.2

0.0

0.1

Financial Year Result (Profit)

1.7

0.1

0.1

Income

17.4

9.2

14.3

    Net Total Sales

15.5

8.8

13.0

        Sales

15.3

8.5

12.6

        Rendering of Services

0.3

0.3

0.4

    Increase in Stocks

1.5

-

0.9

    Miscellaneous Operating Income

0.1

0.4

0.3

        Auxiliary Income From Current Management

0.1

0.2

0.2

        Grants

0.0

0.3

0.1

    Income From Miscellaneous Interests

0.1

0.0

0.0

        Miscellaneous Interests

0.1

0.0

0.0

    Gains from Exchange Rate

0.1

-

-

Negative Financial Results

-

0.1

0.1

    Capital Grants Transferred to Profit and Loss

0.0

0.0

-

    Extraordinary Income

0.1

0.0

0.0

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

        Concessions, Patents, Trademarks

0.0

0.0

0.0

        Software

0.0

-

-

        Payments on Account

-

-

0.0

    Total Intangible Fixed Assets

0.0

0.0

0.1

        Land and Construction

5.6

6.1

6.1

        Technical Installations and Machinery

0.6

1.0

1.3

        Other Installations, Tools, and Furniture

0.1

0.2

0.2

        Tangible Fixed Assets Under Construction

0.0

-

-

        Other Tangible Assets

0.0

0.1

0.1

    Total Tangible Fixed Assets

6.4

7.3

7.7

        Investments in Group Companies

-

-

1.4

        Other Receivables

0.5

0.6

-

        Long-Term Guarantees and Deposits

0.0

0.0

0.0

    Financial Investments

0.5

0.6

1.4

Total Fixed Assets

6.9

8.0

9.2

        Raw Materials and Other Consumables

0.2

0.2

0.5

        Goods in Process

0.9

0.9

2.7

        Finished Products

2.0

0.5

0.3

        Payments on Account

0.2

0.0

-

    Total Stocks

3.4

1.7

3.5

        Trade Debtors

6.7

5.7

3.6

        Other Debtors

-

-

0.0

        Public Bodies

0.6

0.3

0.4

    Total Debtors

7.3

6.0

4.0

        Short-Term Guarantees and Deposits

0.3

0.0

0.0

    Total Short-Term Investments

0.3

0.0

0.0

    Cash

1.1

0.4

0.2

    Prepayments and Accrued Income

0.0

0.0

0.0

Total Current Assets

12.0

8.1

7.7

Total Assets

19.0

16.1

16.9

        Legal Reserve

0.0

0.0

0.0

        Miscellaneous Reserves

12.1

12.6

12.0

        Capital Adjustment to Euros

0.0

0.0

0.0

    Total Reserves

12.1

12.6

12.0

        Prior Year Losses

-0.3

-

-

    Profit or Loss Brought Forward

-0.3

-

-

    Profit or Loss for the Financial Year

1.7

0.1

0.2

Total Equity

13.6

12.9

12.4

        Capital Grants

0.0

0.0

0.0

Total Deferred Income

0.0

0.0

0.0

        Long-Term Liabilities from Capital Leases

-

0.0

0.1

    Total Amounts Owed to Credit Institutions

-

0.0

0.1

        Long-Term Guarantees and Deposits Received

0.0

0.0

0.0

        Long-Term Payables to Public Bodies

0.3

0.4

0.4

    Total Other Creditors

0.3

0.4

0.4

Total Long Term Liabilities

0.3

0.4

0.5

        Loans and Other Liabilities

0.0

0.0

1.2

        Short-Term Liabilities from Capital Leases

0.0

0.1

0.1

    Total Amounts Owed to Credit Institutions

0.0

0.1

1.3

        Advanced Payments from Customers

0.7

0.5

0.4

        Amounts Owed for Purchases of Goods or Services

4.1

2.1

2.2

    Total Trade Creditors

4.8

2.6

2.6

        Public Bodies

0.2

0.1

0.1

        Miscellaneous Debts

-

-

0.0

        Wages and Salaries Payable

0.1

0.1

0.1

    Total Other Creditors

0.3

0.2

0.2

Total Short Term Creditors

5.1

2.9

4.1

Total Liabilities and Equity

19.0

16.1

16.9

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.95

Euro

1

Rs.67.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.