MIRA INFORM REPORT

 

 

Report Date :

05.06.2012

 

IDENTIFICATION DETAILS

 

Name :

PETRABOR PRODUCCION SOCIEDAD LIMITADA

 

 

Registered Office :

Avda San Froilan 50, Leon, 24005

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1982

 

 

Com. Reg. No.:

B24025850

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Cutting, shaping and finishing of stone

 

 

No. of Employees :

38

 

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

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Petrabor Produccion Sociedad Limitada

Avda San Froilan 50

Leon, 24005

Spain

Tel:       +(34) 987201900

Fax:      +(34) 987200714

Web:    www.mleonesa.com

           

 

Synthesis

 

Employees:                  38

Company Type:            Private Subsidiary

Corporate Family:          4 Companies

Ultimate Parent:            Marmoleria Astur Leonesa Sociedad Limitada

Incorporation Date:         1982

Auditor:                        Censors Juries Auditores Slp     

Financials in:                 USD (Millions)

Fiscal Year End:            17-Jan-2012

Reporting Currency:       Euro

Annual Sales:               5.6  1

Net Income:                   0.0

Total Assets:                 7.9

 

 

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

Gutierrez Ballesteros Jose Antonio

Director/General Manager

Gonzalez Victor

Financial Director, Managing Director

Julian Santos Serrano

Non Consellor Secretary

Laguna Juan

Commercial Manager

Iñigo Ballestero Fierro

Member Of The Board

 

 

Registered No.(ESP):                 B24025850

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7202515

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7889729

 

 

Corporate Overview

 

Location

Avda San Froilan 50

Leon, 24005

Spain

Tel:       +(34) 987201900

Fax:      +(34) 987200714

Web:    www.mleonesa.com

           

Sales EUR(mil): 4.0

Assets EUR(mil):           6.3

Employees:                   38

Fiscal Year End:            17-Jan-2012

Industry:                        Construction - Raw Materials

Incorporation Date:         1982

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(ESP):     B24025850

Director/

General Manager:          Gutierrez Ballesteros Jose Antonio

 

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

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

4.0

Net Income:

0.0

Assets:

6.3

Current Assets:

5.6

 

Fixed Assets:

0.6

 

Long Term Debt:

0.1

 

Total Liabilities:

6.3

 

Issued Capital:

0.1

 

Net Worth:

2.1

 

 

 

Date of Financial Data:

17-Jan-2012

 

1 Year Growth

NA

NA

NA

 

Key Corporate Relationships

Auditor:

Censors Juries Auditores Slp

Bank:

Banco Bilbao Vizcaya Argentaria, S.A.

 

Auditor:

Censors Juries Auditores Slp

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Petrabor Produccion Sociedad Limitada

Petrabor Produccion Sociedad Limitada 
Total Corporate Family Members: 4 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Marmoleria Astur Leonesa Sociedad Limitada

Parent

 

 

 

 

 

 

Petrabor Produccion Sociedad Limitada

Subsidiary

Leon

Spain

Construction - Raw Materials

5.6

38

 

Marmoleria Leonesa Sl

Subsidiary

Leon

Spain

Construction - Raw Materials

6.2

30

 

Marmoleria Astur Leonesa Sociedad Limitada

Subsidiary

Leon

Spain

Construction - Raw Materials

3.6

30

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Iñigo Ballestero Fierro

 

Member Of The Board

Director/Board Member

 

Ricardo Casal Fernandez

 

Member Of The Board

Director/Board Member

 

Jose Ignacio Morales Plaza

 

Member Of The Board

Director/Board Member

 

Gonzalez Victor

 

Financial Director, Managing Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Gutierrez Ballesteros Jose Antonio

 

Director/General Manager

Division Head Executive

 

Gonzalez Victor

 

Financial Director, Managing Director

Managing Director

 

Julian Santos Serrano

 

Non Consellor Secretary

Administration Executive

 

Laguna Juan

 

Commercial Manager

Commercial Executive

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.730637

Consolidated

No

No

No

 

 

 

 

Charges

7.2

8.4

8.3

    Staff Costs

1.8

2.0

2.4

        Wages and Salaries

1.4

1.5

1.8

        Social Security Costs

0.5

0.5

0.6

    Depreciation

0.1

0.2

0.2

    Allowance for Trade Operations

-

-

0.0

    Other Operating Charges

0.7

0.8

0.3

Operating Benefits

-

-

1.1

    Financials and Similar Charges

0.1

0.1

0.2

        Due to Other Liabilities

0.1

0.1

0.2

    Changes in Financial Investment Provisions

0.0

-

-

    Exchange Losses

0.0

-

-

Profit From Ordinary Activities

-

-

0.9

    Losses From Assets and Securities Portfolio

-

-

0.0

    Extraordinary Expenses

0.0

-

0.7

    Expenses and Losses From Previous Years

-

-

0.0

Extraordinary Profit

0.1

0.0

-

Profit Before Taxes

-

-

0.2

    Corporation Tax

-0.8

-0.1

0.1

Financial Year Result (Profit)

-

-

0.1

Income

5.4

8.2

8.4

    Net Total Sales

5.3

8.2

8.4

Operating Losses

2.6

0.1

-

    Gains from Exchange Rate

-

0.0

-

Negative Financial Results

0.1

0.1

0.2

Ordinary Activities' Losses

2.7

0.2

-

    Profit on Disposal of Assets

0.0

-

-

    Capital Grants Transferred to Profit and Loss

0.0

0.0

0.0

    Extraordinary Income

-

0.0

-

    Income and Profit From Previous Years

-

-

0.0

Negative Extraordinary Results

-

-

0.7

Losses Before Taxes

2.7

0.2

-

Financial Year Result (Losses)

1.8

0.1

-

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.683971

Consolidated

No

No

No

 

 

 

 

        Software

0.1

0.1

-

        Assets Under Capital Lease

-

-

0.1

        Accumulated Depreciation

-

-

0.0

    Total Intangible Fixed Assets

0.1

0.1

0.1

        Land and Construction

0.6

0.7

0.9

        Technical Installations and Machinery

0.1

0.1

0.7

        Other Installations, Tools, and Furniture

0.1

0.1

0.5

        Other Tangible Assets

0.0

0.0

0.2

        Accumulated Depreciation

-

-

-1.4

    Total Tangible Fixed Assets

0.8

0.9

1.0

        Other Receivables

-

0.0

-

        Long-Term Guarantees and Deposits

0.0

-

0.0

    Financial Investments

0.0

0.0

0.0

Total Fixed Assets

0.9

1.0

1.1

Deferred Expenses

-

-

0.0

        Raw Materials and Other Consumables

4.3

5.5

4.2

    Total Stocks

4.3

5.5

4.2

        Trade Debtors

0.7

1.2

2.9

        Receivables, Group Companies

1.5

2.5

-

        Other Debtors

0.0

0.0

-

        Staff

-

0.0

0.0

        Public Bodies

0.8

0.1

0.0

        Provisions

-

-

0.0

    Total Debtors

3.0

3.8

2.9

        Receivables from Group Companies

0.1

0.0

-

        Other Receivables

0.0

0.0

-

        Short-Term Guarantees and Deposits

0.0

0.0

0.0

    Total Short-Term Investments

0.1

0.0

0.0

    Cash

0.0

0.0

0.0

    Prepayments and Accrued Income

0.0

0.0

0.0

Total Current Assets

7.5

9.4

7.1

Total Assets

8.4

10.5

8.2

        Legal Reserve

0.0

0.0

0.0

        Miscellaneous Reserves

2.2

2.3

2.2

        Capital Adjustment to Euros

0.0

0.0

0.0

    Total Reserves

2.2

2.3

2.2

        Prior Year Losses

-0.1

-

-

    Profit or Loss Brought Forward

-0.1

-

-

    Profit or Loss for the Financial Year

-1.9

-0.1

0.1

Total Equity

2.9

5.1

2.5

        Capital Grants

0.0

0.0

0.2

Total Deferred Income

0.0

0.0

0.2

        Loans and Other Liabilities

0.0

0.1

-

        Long-Term Liabilities from Capital Leases

0.0

0.1

-

    Total Amounts Owed to Credit Institutions

0.1

0.2

-

        Other Creditors

-

-

0.1

        Long-Term Payables to Public Bodies

0.0

0.0

-

    Total Other Creditors

0.0

0.0

0.1

Total Long Term Liabilities

0.1

0.2

0.1

        Loans and Other Liabilities

2.1

1.0

1.0

        Short-Term Liabilities from Capital Leases

0.1

0.1

-

    Total Amounts Owed to Credit Institutions

2.2

1.0

1.0

        Amounts Owed to Group Companies

0.0

0.5

-

    Total Short-Term Amounts Owed to Group and Associa

0.0

0.5

-

        Amounts Owed for Purchases of Goods or Services

2.6

3.4

4.0

    Total Trade Creditors

2.6

3.4

4.0

        Public Bodies

0.3

0.1

0.3

        Miscellaneous Debts

-

-

0.0

        Wages and Salaries Payable

0.3

0.1

0.1

    Total Other Creditors

0.6

0.2

0.5

Total Short Term Creditors

5.4

5.1

5.5

Total Liabilities and Equity

8.4

10.5

8.2

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.52

UK Pound

1

Rs.85.29

Euro

1

Rs.68.86

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.