MIRA
INFORM REPORT
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Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
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Name : |
INTERMARMOR SOCIEDAD LIMITADA |
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Registered Office : |
Paraje Del Azud., La Romana, 03669 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1968 |
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Com. Reg. No.: |
B03021946 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Cutting, shaping and finishing of stone |
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No. of Employees : |
24 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 & address
Intermarmor Sociedad Limitada
Paraje Del Azud.
La Romana, 03669
Spain
Tel: +(34) 965604736
Fax: +(34) 965606247
Web: www.intermarmor.com
synthesis
Employees: 24
Company Type: Private Independent
Incorporation Date: 1968
Auditor: Jose M Llorens Rovira
Financials in: USD
(Millions)
Fiscal Year End:
26-Oct-2011
Reporting Currency: Euro
Annual Sales: 16.6
1
Net Income: 0.7
Total Assets: 15.8
Business Description
Cutting, shaping and finishing of stone
Industry
Industry Construction - Raw Materials
ANZSIC 2006: 2090 - Other
Non-Metallic Mineral Product Manufacturing
NACE 2002: 2670 - Cutting,
shaping and finishing of ornamental and building stone
NAICS 2002: 327991 - Cut Stone
and Stone Product Manufacturing
UK SIC 2003: 2670 - Cutting,
shaping and finishing of ornamental and building stone
US SIC 1987: 3281 - Cut Stone
and Stone Products
Key Executives
Name Title
Akkouche Abbas Assaad Administrator
Registered
No.(ESP): B03021946
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7186573
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.723589
Corporate Overview
Location
Paraje Del Azud.
La Romana, 03669
Spain
Tel: +(34) 965604736
Fax: +(34) 965606247
Web: www.intermarmor.com
Sales EUR(mil): 11.9
Assets EUR(mil): 11.5
Employees: 24
Fiscal Year End: 26-Oct-2011
Industry: Construction
- Raw Materials
Incorporation Date: 1968
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ESP): B03021946
Administrator: Akkouche
Abbas Assaad
Contents
· Industry Codes
Business
Description
Financial
Data
Key
Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2090 - Other Non-Metallic Mineral Product Manufacturing
NACE 2002 Codes:
2670 - Cutting, shaping and finishing of ornamental and building
stone
NAICS 2002 Codes:
327991 - Cut Stone and Stone Product Manufacturing
US SIC 1987:
3281 - Cut Stone and Stone Products
UK SIC 2003:
2670 - Cutting, shaping and finishing of ornamental and building
stone
Business
Description
Cutting, shaping and finishing of stone
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Executive report
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Board of Directors |
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Administrator |
Director/Board Member |
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Executives |
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Administrator |
Administration Executive |
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Charges |
15.2 |
13.4 |
20.9 |
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Staff Costs |
1.0 |
1.0 |
0.6 |
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Wages
and Salaries |
0.8 |
0.8 |
0.5 |
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Social
Security Costs |
0.2 |
0.2 |
0.1 |
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Depreciation |
0.2 |
0.2 |
0.3 |
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Other Operating
Charges |
2.4 |
3.0 |
5.9 |
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Operating
Benefits |
1.5 |
1.8 |
2.3 |
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Financials and
Similar Charges |
0.5 |
0.6 |
0.7 |
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Due
to Other Liabilities |
0.5 |
0.6 |
0.7 |
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Exchange Losses |
- |
0.2 |
0.0 |
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Profit From
Ordinary Activities |
1.0 |
1.1 |
1.5 |
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Extraordinary
Expenses |
0.1 |
0.1 |
0.1 |
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Profit Before
Taxes |
0.9 |
1.0 |
1.5 |
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Corporation Tax |
0.3 |
0.3 |
0.5 |
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Financial Year
Result (Profit) |
0.6 |
0.7 |
1.0 |
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Income |
15.8 |
14.1 |
22.0 |
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Net Total Sales |
15.8 |
14.1 |
21.9 |
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Gains from
Exchange Rate |
0.0 |
- |
- |
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Negative
Financial Results |
0.5 |
0.8 |
0.7 |
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Negative
Extraordinary Results |
0.1 |
0.1 |
0.1 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total Intangible Fixed
Assets |
0.0 |
0.0 |
0.0 |
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Total Tangible
Fixed Assets |
2.0 |
2.1 |
1.5 |
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Financial
Investments |
0.2 |
0.2 |
0.0 |
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Total Fixed Assets |
2.2 |
2.3 |
1.5 |
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Total Stocks |
1.7 |
1.6 |
1.2 |
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Total Debtors |
10.7 |
10.8 |
12.5 |
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Total Short-Term
Investments |
0.3 |
0.3 |
0.3 |
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Cash |
0.4 |
0.1 |
0.4 |
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Total Current Assets |
13.2 |
12.7 |
14.4 |
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Total Assets |
15.4 |
15.0 |
15.9 |
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Revaluation
Reserves |
0.4 |
0.4 |
0.2 |
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Capital
Adjustment to Euros |
0.0 |
0.0 |
0.0 |
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Total Reserves |
1.9 |
1.5 |
0.7 |
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Profit or Loss for
the Financial Year |
0.6 |
0.7 |
1.0 |
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Total Equity |
3.6 |
3.2 |
2.4 |
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Total Long Term Liabilities |
1.2 |
1.4 |
1.5 |
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Total Short Term Creditors |
10.6 |
10.4 |
12.0 |
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Short Term Provisions for Liabilities and
Charges |
0.0 |
0.0 |
0.0 |
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Total
Liabilities and Equity |
15.4 |
15.0 |
15.9 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.37 |
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UK Pound |
1 |
Rs.85.95 |
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Euro |
1 |
Rs.67.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.