MIRA INFORM REPORT
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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
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Name : |
LAMIGRAF SA |
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Registered Office : |
Ctra. C - 17, Km 25, 038, L' Ametlla Del Valles, 08480 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1975 |
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Com. Reg. No.: |
A08384638 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
Commercial photogravure printing for furniture, flooring and
decoration |
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No. of Employees
: |
202 |
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 : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Lamigraf Sa
Ctra. C - 17, Km 25, 038
L' Ametlla Del Valles, 08480
Spain
Tel: +(34) 938431888
Fax: +(34) 938432089
Web: www.lamigraf.com
Synthesis
Employees: 202
Company Type: Public Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Lamigraf GmbH
Incorporation Date: 1975
Auditor: Bdo Auditores Sl
Financials in: USD
(Millions)
Fiscal Year End:
24-Oct-2011
Reporting Currency: Euro
Annual Sales: 73.4
1
Net Income: 0.2
Total Assets: 97.5
Business Description
Commercial photogravure printing for furniture, flooring and decoration
Industry
Industry Printing Services
ANZSIC 2006: 1611 - Printing
NACE 2002: 2222 - Printing
not elsewhere classified
NAICS 2002: 323111 -
Commercial Gravure Printing
UK SIC 2003: 2222 - Printing not
elsewhere classified
US SIC 1987: 2754 - Commercial
Printing, Gravure
Key Executives
|
Name |
Title |
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Albert Llovet Castel |
General Manager |
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Gemma Merlos |
Finance Manager |
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Christopher Pettersson |
Commercial Director |
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Josep Colomer Maronas |
Joint Administrator |
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Management Sl West Valley |
Joint Administrator |
Registered No.(ESP): A08384638
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7186321
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7202535
Corporate Overview
Location
Ctra. C - 17, Km 25, 038
L' Ametlla Del Valles, 08480
Spain
Tel: +(34) 938431888
Fax: +(34) 938432089
Web: www.lamigraf.com
Sales EUR(mil): 52.7
Assets EUR(mil): 70.2
Employees: 202
Fiscal Year End: 24-Oct-2011
Industry: Printing Services
Incorporation Date: 1975
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered No.(ESP): A08384638
General Manager: Albert
Llovet Castel
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1611 - Printing
NACE 2002 Codes:
2222 - Printing not elsewhere classified
NAICS 2002 Codes:
323111 - Commercial Gravure Printing
US SIC 1987:
2754 - Commercial Printing, Gravure
UK SIC 2003:
2222 - Printing not elsewhere classified
Business
Description
Other printing
More Business
Descriptions
Commercial photogravure printing for furniture, flooring and decoration
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Corporate
Family |
Corporate
Structure News: |
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Lamigraf Sa |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Lamigraf GmbH |
Parent |
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Subsidiary |
L' Ametlla Del Valles, Barcelona |
Spain |
Printing Services |
73.4 |
202 |
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Executive report
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Board of
Directors |
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Joint Administrator |
Director/Board Member |
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Executives |
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General Manager |
Division Head Executive |
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Joint Administrator |
Administration Executive |
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Joint Administrator |
Administration Executive |
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Financial Director |
Finance Executive |
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Finance Manager |
Finance Executive |
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Commercial Director |
Sales Executive |
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Marketing Manager |
Marketing 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 |
71.8 |
66.4 |
81.9 |
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Stock Reduction |
- |
- |
3.6 |
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Supplies |
37.4 |
30.0 |
33.5 |
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Goods
Consumption |
0.0 |
- |
- |
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Consumption
of Raw Materials |
37.4 |
30.0 |
33.5 |
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Staff Costs |
14.1 |
16.1 |
19.2 |
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Wages
and Salaries |
11.7 |
13.0 |
15.7 |
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Social
Security Costs |
2.5 |
3.0 |
3.6 |
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Depreciation |
4.8 |
6.0 |
6.4 |
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Allowance for
Trade Operations |
0.0 |
-0.1 |
0.1 |
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Losses
from Unrecovered Receivables |
0.0 |
-0.1 |
0.1 |
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Other Operating
Charges |
12.9 |
10.3 |
12.3 |
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External
Services |
12.7 |
9.9 |
12.0 |
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Taxes |
0.2 |
0.4 |
0.3 |
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Operating Benefits |
2.3 |
- |
- |
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Financials and
Similar Charges |
1.6 |
2.2 |
3.1 |
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Due
to Liabilities With Group Companies |
0.0 |
- |
0.0 |
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Due
to Other Liabilities |
1.6 |
2.2 |
3.0 |
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Exchange Losses |
0.1 |
0.3 |
0.0 |
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Profit From
Ordinary Activities |
1.1 |
- |
- |
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Changes in Provisions
for Assets |
1.1 |
4.0 |
6.5 |
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Profit Before
Taxes |
0.0 |
- |
- |
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Corporation Tax |
-0.2 |
-2.3 |
-2.8 |
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Financial Year
Result (Profit) |
0.2 |
- |
- |
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Income |
72.0 |
60.8 |
75.2 |
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Net Total Sales |
69.8 |
59.2 |
73.8 |
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Sales |
71.0 |
60.2 |
74.9 |
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Rendering
of Services |
0.0 |
0.0 |
0.1 |
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Sales
Refunds |
-1.2 |
-1.0 |
-1.3 |
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Increase in Stocks |
1.5 |
1.0 |
- |
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Miscellaneous
Operating Income |
0.2 |
0.0 |
0.5 |
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Auxiliary
Income From Current Management |
0.2 |
- |
0.5 |
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Grants |
- |
0.0 |
0.0 |
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Operating Losses |
- |
1.9 |
0.8 |
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Income From
Miscellaneous Interests |
0.5 |
0.6 |
0.9 |
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From
Group Companies |
0.5 |
0.6 |
0.9 |
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Miscellaneous
Interests |
0.0 |
0.0 |
0.0 |
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Negative
Financial Results |
1.2 |
1.9 |
2.2 |
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Ordinary
Activities' Losses |
- |
3.8 |
3.0 |
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Negative
Extraordinary Results |
1.1 |
4.0 |
6.5 |
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Losses Before
Taxes |
- |
7.9 |
9.5 |
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Financial Year
Result (Losses) |
- |
5.5 |
6.7 |
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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Software |
0.3 |
0.7 |
1.3 |
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Total Intangible
Fixed Assets |
0.3 |
0.7 |
1.3 |
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Land
and Construction |
12.4 |
11.4 |
11.2 |
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Technical
Installations and Machinery |
21.6 |
25.7 |
28.7 |
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Other
Installations, Tools, and Furniture |
4.2 |
5.0 |
5.6 |
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Tangible
Fixed Assets Under Construction |
0.9 |
3.6 |
3.4 |
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Other
Tangible Assets |
1.4 |
1.7 |
1.9 |
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Total Tangible
Fixed Assets |
40.5 |
47.4 |
50.7 |
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Investments
in Group Companies |
1.8 |
3.1 |
6.9 |
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Other
Receivables |
0.3 |
0.5 |
0.6 |
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Long-Term
Guarantees and Deposits |
0.5 |
0.6 |
- |
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Financial
Investments |
2.6 |
4.1 |
7.5 |
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Total Fixed Assets |
43.5 |
52.2 |
59.5 |
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Raw
Materials and Other Consumables |
1.2 |
0.9 |
1.1 |
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Finished
Products |
5.9 |
5.1 |
3.9 |
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Payments
on Account |
- |
- |
0.2 |
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Total Stocks |
7.1 |
6.0 |
5.3 |
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Trade
Debtors |
14.1 |
11.4 |
11.5 |
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Receivables,
Group Companies |
6.1 |
7.1 |
5.2 |
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Receivables,
Associated Companies |
0.7 |
0.9 |
0.6 |
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Other
Debtors |
0.1 |
0.0 |
0.0 |
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Staff |
0.0 |
0.0 |
0.0 |
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Public
Bodies |
7.8 |
7.5 |
4.2 |
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Total Debtors |
28.8 |
26.9 |
21.5 |
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Receivables
from Group Companies |
14.6 |
15.6 |
15.1 |
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Short-Term
Securities Portfolio |
0.0 |
0.0 |
0.0 |
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Short-Term
Guarantees and Deposits |
0.1 |
0.1 |
- |
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Total Short-Term
Investments |
14.7 |
15.7 |
15.1 |
|
Cash |
0.2 |
0.1 |
1.2 |
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Total Current Assets |
50.7 |
48.8 |
43.1 |
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Total Assets |
94.2 |
101.0 |
102.6 |
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Legal
Reserve |
0.1 |
0.1 |
0.1 |
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Miscellaneous
Reserves |
48.2 |
51.6 |
49.9 |
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Total Reserves |
48.3 |
51.6 |
50.0 |
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Prior
Year Losses |
-14.5 |
-9.8 |
-3.2 |
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Profit or Loss
Brought Forward |
-14.5 |
-9.8 |
-3.2 |
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Profit or Loss for
the Financial Year |
0.2 |
-5.7 |
-6.3 |
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Total Equity |
34.3 |
36.5 |
40.8 |
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Loans
and Other Liabilities |
43.8 |
36.1 |
16.7 |
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Total Amounts Owed
to Credit Institutions |
43.8 |
36.1 |
16.7 |
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Long-Term
Payables to Public Bodies |
- |
- |
0.0 |
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Total Other
Creditors |
- |
- |
0.0 |
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Total Long Term Liabilities |
43.8 |
36.1 |
16.7 |
|
Loans
and Other Liabilities |
2.5 |
12.5 |
31.8 |
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Total Amounts Owed
to Credit Institutions |
2.5 |
12.5 |
31.8 |
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Amounts
Owed to Group Companies |
0.7 |
0.0 |
0.2 |
|
Amounts
Owed to Associated Companies |
0.0 |
0.0 |
0.0 |
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Total Short-Term
Amounts Owed to Group and Associa |
0.7 |
0.0 |
0.2 |
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Amounts
Owed for Purchases of Goods or Services |
11.7 |
14.6 |
10.2 |
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Total Trade
Creditors |
11.7 |
14.6 |
10.2 |
|
Public
Bodies |
0.5 |
0.7 |
0.7 |
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Miscellaneous
Debts |
0.3 |
0.2 |
0.8 |
|
Wages
and Salaries Payable |
0.4 |
0.5 |
1.4 |
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Total Other
Creditors |
1.2 |
1.4 |
2.9 |
|
Total Short Term Creditors |
16.1 |
28.4 |
45.1 |
|
Total
Liabilities and Equity |
94.2 |
101.0 |
102.6 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
UK Pound |
1 |
Rs.78.14 |
|
Euro |
1 |
Rs.65.08 |
RATING EXPLANATIONS
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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 |
---- |
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.