MIRA
INFORM REPORT
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Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ROIG CERAMICA SA |
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Registered Office : |
Cmno. Viejo De Onda Partida Madrigal - Apdo. Correos 55, Villarreal,
12540 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1977 |
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Com. Reg. No.: |
A12023693 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
Manufacture, sale and export of paving bricks and ceramic tiles |
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No. of Employees : |
267 |
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
Roig Ceramica Sa
Cmno. Viejo De Onda Partida Madrigal - Apdo. Correos 55
Villarreal, 12540
Spain
Tel: +(34) 964673812
Fax: +(34) 964531428
Web: www.rocersa.es
Registration data
Employees: 267
Company Type: Public Independent
Incorporation Date: 1977
Auditor: Julio Roca Monfort
Financials in: USD
(Millions)
Fiscal Year End:
17-Feb-2012
Reporting Currency: Euro
Annual Sales: 60.0
1
Net Income: 0.0
Total Assets: 154.3
Business Description
Manufacture, sale and export of paving bricks and ceramic tiles
More Business
Descriptions
Industry
Industry Construction - Supplies and
Fixtures
ANZSIC 2006: 2029 - Other
Ceramic Product Manufacturing
NACE 2002: 2630 - Manufacture
of ceramic tiles and flags
NAICS 2002: 327122 - Ceramic Wall
and Floor Tile Manufacturing
UK SIC 2003: 2630 - Manufacture
of ceramic tiles and flags
US SIC 1987: 3253 - Ceramic
Wall and Floor Tile
Key Executives
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Name |
Title |
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Piquer Saura Antonio |
Director/General Manager |
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Maria Artero Jose |
Commercial Manager, Marketing Director |
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Federico Castellano Peris |
Bankruptcy Administrator |
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Soler Juan |
Technical Manager |
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Antonio Piquer |
Director |
Registered No.(ESP): A12023693
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7225484
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7631606
Corporate Overview
Location
Cmno. Viejo De Onda Partida Madrigal - Apdo. Correos 55
Villarreal, 12540
Spain
Tel: +(34) 964673812
Fax: +(34) 964531428
Web: www.rocersa.es
Sales EUR(mil): 43.4
Assets EUR(mil): 117.8
Employees: 267
Fiscal Year End: 17-Feb-2012
Industry: Construction - Supplies and Fixtures
Incorporation Date: 1977
Company Type: Public Independent
Quoted Status: Not Quoted
Registered No.(ESP): A12023693
Director/General Manager: Piquer Saura Antonio
Contents
Industry Codes
Business Description
Financial Data
Branch Offices
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3339 - Other Hardware Goods Wholesaling
2029 - Other Ceramic Product Manufacturing
2021 - Clay Brick Manufacturing
NACE 2002 Codes:
5153 - Wholesale of wood, construction materials and sanitary
equipment
2640 - Manufacture of bricks, tiles and construction products, in
baked clay
2630 - Manufacture of ceramic tiles and flags
NAICS 2002 Codes:
327122 - Ceramic Wall and Floor Tile Manufacturing
327121 - Brick and Structural Clay Tile Manufacturing
423320 - Brick, Stone, and Related Construction Material Merchant
Wholesalers
US SIC 1987:
5032 - Brick, Stone, and Related Construction Materials
3253 - Ceramic Wall and Floor Tile
3251 - Brick and Structural Clay Tile
UK SIC 2003:
2640 - Manufacture of bricks, tiles and construction products, in
baked clay
2630 - Manufacture of ceramic tiles and flags
5153 - Wholesale of wood, construction materials and sanitary
equipment
Business
Description
Manufacture of ceramic tiles and flags
More Business
Descriptions
Manufacture, sale and export of paving bricks and ceramic tiles
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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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Director |
Director/Board Member |
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Executives |
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Director/General Manager |
Division Head Executive |
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Director/General Manager |
Division Head Executive |
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Director/General Manager |
Division Head Executive |
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Director/General Manager |
Division Head Executive |
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Director/General Manager |
Division Head Executive |
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Financial Director, Managing Director |
Managing Director |
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Bankruptcy Administrator |
Administration Executive |
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Bankruptcy Administrator |
Administration Executive |
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Administrator |
Administration Executive |
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Sales Manager |
Sales Executive |
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Commercial Manager, Marketing Director |
Marketing Executive |
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Technical Manager |
Engineering/Technical 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 |
77.3 |
78.6 |
113.1 |
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Stock Reduction |
1.5 |
8.1 |
- |
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Supplies |
29.7 |
28.7 |
50.6 |
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Goods Consumption |
3.6 |
5.7 |
12.1 |
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Consumption of Raw
Materials |
23.5 |
19.7 |
31.8 |
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Miscellaneous External
Expenditures |
2.6 |
3.3 |
6.7 |
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Staff Costs |
14.9 |
14.4 |
19.1 |
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Wages and Salaries |
11.8 |
11.0 |
14.8 |
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Social Security Costs |
3.1 |
3.4 |
4.3 |
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Depreciation |
6.6 |
7.0 |
7.8 |
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Allowance for Trade Operations |
2.1 |
1.1 |
0.4 |
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Losses from
Unrecovered Receivables |
2.1 |
1.1 |
0.4 |
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Other Operating Charges |
15.5 |
15.0 |
22.3 |
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External Services |
15.0 |
14.7 |
21.8 |
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Taxes |
0.5 |
0.3 |
0.5 |
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Financials and Similar Charges |
6.7 |
9.0 |
8.7 |
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Due to Other
Liabilities |
6.7 |
9.0 |
8.7 |
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Changes in Financial Investment Provisions |
- |
0.0 |
- |
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Exchange Losses |
0.1 |
0.0 |
0.0 |
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Losses From Assets and Securities Portfolio |
0.0 |
- |
- |
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Extraordinary Expenses |
0.1 |
1.8 |
0.8 |
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Extraordinary Profit |
- |
- |
6.5 |
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Corporation Tax |
0.1 |
-6.6 |
3.5 |
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Income |
58.7 |
63.4 |
106.3 |
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Net Total Sales |
57.4 |
60.0 |
80.8 |
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Sales |
58.4 |
60.7 |
81.9 |
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Rendering of Services |
-0.1 |
0.3 |
0.2 |
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Sales Refunds |
-1.0 |
-1.0 |
-1.3 |
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Increase in Stocks |
- |
- |
10.2 |
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Works Performed for Fixed Assets |
0.5 |
1.9 |
4.8 |
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Miscellaneous Operating Income |
0.6 |
0.3 |
0.7 |
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Auxiliary Income From
Current Management |
0.1 |
0.3 |
0.3 |
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Grants |
0.4 |
0.0 |
0.4 |
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Operating Losses |
11.8 |
12.2 |
3.7 |
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Income From Equity Investment |
0.0 |
0.0 |
0.8 |
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In Associated
Companies |
- |
- |
0.8 |
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Third Parties |
0.0 |
0.0 |
0.0 |
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Income From Other Securities and Receivables |
0.2 |
0.5 |
1.1 |
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From Group Companies |
0.0 |
0.0 |
0.1 |
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From Associated
Companies |
0.2 |
0.3 |
0.3 |
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From Non-Group
Companies |
0.0 |
0.1 |
0.7 |
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Income From Miscellaneous Interests |
0.0 |
0.2 |
0.6 |
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From Group Companies |
0.0 |
0.0 |
0.0 |
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Miscellaneous
Interests |
0.0 |
0.1 |
0.5 |
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Profit on Financial
Investment |
- |
0.0 |
0.1 |
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Negative Financial Results |
6.5 |
8.4 |
6.1 |
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Ordinary Activities' Losses |
18.4 |
20.5 |
9.9 |
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Profit on Disposal of Assets |
- |
0.4 |
7.2 |
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Capital Grants Transferred to Profit and Loss |
0.0 |
0.1 |
0.1 |
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Negative Extraordinary Results |
0.1 |
1.4 |
- |
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Losses Before Taxes |
18.5 |
21.9 |
3.3 |
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Financial Year Result (Losses) |
18.6 |
15.2 |
0.2 |
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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Research and
Development Costs |
2.4 |
3.0 |
3.2 |
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Goodwill |
0.5 |
0.5 |
0.5 |
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Software |
0.0 |
0.1 |
0.1 |
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Total Intangible Fixed Assets |
2.9 |
3.5 |
3.8 |
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Land and Construction |
27.0 |
29.6 |
29.8 |
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Technical
Installations and Machinery |
32.6 |
37.8 |
37.2 |
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Other Installations,
Tools, and Furniture |
10.9 |
12.6 |
12.4 |
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Tangible Fixed Assets
Under Construction |
0.1 |
0.0 |
0.5 |
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Other Tangible Assets |
2.6 |
3.0 |
3.0 |
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Total Tangible Fixed Assets |
73.2 |
83.1 |
82.9 |
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Receivables from Group
Companies |
6.7 |
1.6 |
- |
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Investments in
Associated Companies |
5.0 |
5.4 |
2.1 |
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Long-Term Securities
Portfolio |
0.1 |
0.1 |
0.0 |
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Long-Term Guarantees
and Deposits |
0.1 |
0.1 |
0.1 |
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Financial Investments |
12.0 |
7.3 |
2.3 |
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Own Shares |
1.2 |
1.3 |
1.2 |
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Total Fixed Assets |
89.3 |
95.2 |
90.3 |
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Goods for Resale |
1.9 |
2.9 |
4.9 |
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Raw Materials and Other
Consumables |
4.1 |
4.9 |
6.4 |
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Goods in Process |
0.3 |
0.1 |
0.3 |
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Finished Products |
22.4 |
25.7 |
32.7 |
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Total Stocks |
28.7 |
33.5 |
44.3 |
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Trade Debtors |
23.9 |
29.6 |
34.9 |
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Receivables, Group
Companies |
- |
0.5 |
- |
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Other Debtors |
0.0 |
- |
- |
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Staff |
0.0 |
0.0 |
0.0 |
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Public Bodies |
12.1 |
12.7 |
6.4 |
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Total Debtors |
36.0 |
42.7 |
41.4 |
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Short-Term Securities
Portfolio |
2.3 |
2.9 |
3.0 |
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Other Receivables |
0.4 |
1.1 |
6.5 |
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Short-Term Guarantees
and Deposits |
0.5 |
5.0 |
13.1 |
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Total Short-Term Investments |
3.2 |
9.0 |
22.5 |
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Cash |
0.7 |
2.1 |
1.2 |
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Prepayments and Accrued Income |
0.2 |
0.7 |
0.2 |
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Total Current Assets |
68.8 |
88.1 |
109.6 |
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Total Assets |
158.0 |
183.2 |
199.8 |
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Revaluation Reserves |
0.1 |
0.3 |
0.3 |
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Legal Reserve |
0.1 |
0.1 |
0.1 |
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Reserves for Own
Shares |
0.4 |
1.1 |
1.0 |
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Miscellaneous Reserves |
7.5 |
23.6 |
21.6 |
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Capital Adjustment to
Euros |
0.0 |
0.0 |
0.0 |
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Total Reserves |
8.0 |
24.8 |
22.7 |
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Profit or Loss for the Financial Year |
-18.8 |
-15.7 |
0.2 |
|
Total Equity |
-10.1 |
10.1 |
23.8 |
|
Capital Grants |
0.0 |
0.0 |
0.1 |
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Total Deferred Income |
0.0 |
0.0 |
0.1 |
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Loans and Other
Liabilities |
100.6 |
106.2 |
66.4 |
|
Long-Term Liabilities
from Capital Leases |
0.8 |
1.1 |
1.3 |
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Total Amounts Owed to Credit Institutions |
101.5 |
107.3 |
67.7 |
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Amounts Owed to Group
Companies |
4.7 |
0.9 |
- |
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Total Debts with Group or Affiliated Companies |
4.7 |
0.9 |
- |
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Other Creditors |
3.2 |
3.7 |
- |
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Long-Term Payables to
Public Bodies |
0.1 |
0.1 |
0.2 |
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Total Other Creditors |
3.3 |
3.9 |
0.2 |
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Total Long Term Liabilities |
109.4 |
112.0 |
67.9 |
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Loans and Other
Liabilities |
23.6 |
23.5 |
74.0 |
|
Short-Term Liabilities
from Capital Leases |
0.1 |
0.3 |
0.3 |
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Total Amounts Owed to Credit Institutions |
23.8 |
23.8 |
74.3 |
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Amounts Owed to
Associated Companies |
11.5 |
5.2 |
2.2 |
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Total Short-Term Amounts Owed to Group and
Associa |
11.5 |
5.2 |
2.2 |
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Amounts Owed for
Purchases of Goods or Services |
19.3 |
28.9 |
28.5 |
|
Total Trade Creditors |
19.3 |
28.9 |
28.5 |
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Public Bodies |
1.7 |
0.9 |
1.4 |
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Miscellaneous Debts |
0.0 |
1.1 |
0.0 |
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Wages and Salaries
Payable |
2.3 |
1.3 |
1.6 |
|
Total Other Creditors |
4.0 |
3.3 |
3.1 |
|
Prepayments and Accrued Income |
0.1 |
- |
- |
|
Total Short Term Creditors |
58.7 |
61.2 |
108.1 |
|
Total Liabilities and Equity |
158.0 |
183.2 |
199.8 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
UK Pound |
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
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 |
|
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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.