MIRA INFORM REPORT

 

 

Report Date :

12.05.2012

 

IDENTIFICATION DETAILS

 

Name :

JOSE LLOPART SA

 

 

Registered Office :

Avda Marina 6 8 ( Pol. Salinas ), Sant Boi De Llobregat, 08830

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

1983

 

 

Com. Reg. No.:

A08965089

 

 

Legal Form :

Public Independent

 

 

Line of Business :

Wholesale of sugar and chocolate and sugar confectionery

 

 

No. of Employees :

16

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 – September 30, 2011

 

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

 

Jose Llopart Sa

 

 

 

Avda Marina 6 8 ( Pol. Salinas )

 

 

Sant Boi De Llobregat, 08830

Spain

 

Tel:

+(34) 936521234

 

Employees:

16

Company Type:

Public Independent

 

 

Incorporation Date:

1983

Auditor:

Check Account Sl

 

 

 

 

 

 

Fiscal Year End:

04-Oct-2011

Reporting Currency:

Euro

Annual Sales:

35.8  1

Net Income:

1.2

Total Assets:

8.0

 

 

 

 

 

 

Business Description

 

 

Wholesale of sugar and chocolate and sugar confectionery

 

 

Industry

 

 

Industry

Food Processing

ANZSIC 2006:

3609 - Other Grocery Wholesaling

NACE 2002:

5136 - Wholesale of sugar and chocolate and sugar confectionery

NAICS 2002:

424450 - Confectionery Merchant Wholesalers

UK SIC 2003:

5136 - Wholesale of sugar and chocolate and sugar confectionery

US SIC 1987:

5149 - Groceries and Related Products, Not Elsewhere Classified

 

 

 

Key Executives

 

 

Name

Title

 

Llopart Jose

Commercial Manager, Financial Director, Managing Director

 

Jose Maria Llopart Barbal

Joint Manager

 

Jose Maria Llopart Parayre

Joint Manager

 

Llopart Parayre Jose Maria

Administrator

 

Llopart Barbal Jose Maria

Administrator

 

 

 

Registered No.(ESP)

 

A08965089

 

Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7179927
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7531255

 

 

Corporate Overview

 

 

Location
Avda Marina 6 8 ( Pol. Salinas )
Sant Boi De Llobregat, 08830
Spain

 

Tel:

+(34) 936521234

 

Suggest Company URL

 

Sales EUR(mil):

25.7

Assets EUR(mil):

6.0

Employees:

16

Fiscal Year End:

04-Oct-2011

 

 

 

Industry:

Food Processing

Incorporation Date:

1983

Company Type:

Public Independent

Quoted Status:

Not Quoted

Registered No.(ESP):

A08965089

 

Commercial Manager, Financial Director, Managing Director:

Llopart Jose

 

 

Industry Codes

 

 

 

ANZSIC 2006 Codes:

3609

-

Other Grocery Wholesaling

 

NACE 2002 Codes:

5136

-

Wholesale of sugar and chocolate and sugar confectionery

 

NAICS 2002 Codes:

424450

-

Confectionery Merchant Wholesalers

 

US SIC 1987:

5149

-

Groceries and Related Products, Not Elsewhere Classified

 

UK SIC 2003:

5136

-

Wholesale of sugar and chocolate and sugar confectionery

 

 

Business Description

 

 

Wholesale of sugar and chocolate and sugar confectionery

 

 

 

 

 

 

Financial Data

 

 

Financials in:

EUR(mil)

 

Revenue:

25.7

Net Income:

0.8

Assets:

6.0

Current Assets:

4.3

 

Fixed Assets:

1.7

 

Long Term Debt:

0.1

 

Total Liabilities:

6.0

 

Issued Capital:

0.3

 

Net Worth:

2.8

 

 

 

Date of Financial Data:

04-Oct-2011

 

1 Year Growth

33.4%

NA

NA

 

Key Corporate Relationships

Auditor:

Check Account Sl

Bank:

Banco Bilbao Vizcaya Argentaria, S.A.

 

Auditor:

Check Account Sl

 

 

 

 

Executives Report



 

Board of Directors

 

Name

Title

Function

 

Llopart Parayre Jose Maria

 

Administrator

Director/Board Member

 

Llopart Barbal Jose Maria

 

Administrator

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Llopart Jose

 

Commercial Manager, Financial Director, Managing Director

Managing Director

 

Llopart Parayre Jose Maria

 

Administrator

Administration Executive

 

Llopart Barbal Jose Maria

 

Administrator

Administration Executive

AX 

Jose Maria Llopart Barbal

 

Joint Manager

Administration Executive

 

Jose Maria Llopart Parayre

 

Joint Manager

Administration 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

33.0

26.2

24.6

    Supplies

30.9

24.3

23.0

        Goods Consumption

30.9

24.3

23.0

        Consumption of Raw Materials

0.0

0.0

0.0

    Staff Costs

0.7

0.6

0.5

        Wages and Salaries

0.5

0.5

0.4

        Social Security Costs

0.1

0.1

0.1

    Depreciation

0.1

0.1

0.0

    Allowance for Trade Operations

0.0

0.0

0.0

        Losses from Unrecovered Receivables

0.0

0.0

0.0

    Other Operating Charges

0.8

0.9

0.9

        External Services

0.8

0.9

0.9

        Taxes

0.0

0.0

0.0

Operating Benefits

1.5

0.9

0.1

    Financials and Similar Charges

0.0

0.0

0.0

        Due to Liabilities With Group Companies

-

-

0.0

        Due to Other Liabilities

0.0

0.0

-

Net Financial Income

0.1

0.1

0.1

Profit From Ordinary Activities

1.6

1.0

0.2

    Extraordinary Expenses

0.0

-

-

Extraordinary Profit

-

-

0.0

Profit Before Taxes

1.6

1.0

0.2

    Corporation Tax

0.5

0.3

0.1

Financial Year Result (Profit)

1.1

0.7

0.1

Income

34.1

26.8

24.7

    Net Total Sales

34.0

26.8

24.6

        Sales

33.8

26.6

24.5

        Rendering of Services

0.2

0.2

0.1

    Miscellaneous Operating Income

-

0.0

0.0

        Auxiliary Income From Current Management

-

0.0

0.0

    Income From Miscellaneous Interests

0.1

0.1

0.1

        From Group Companies

0.0

0.1

0.1

        Miscellaneous Interests

0.0

0.0

0.0

    Extraordinary Income

-

-

0.0

Negative Extraordinary Results

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

 

 

 

 

        Technical Installations and Machinery

0.1

0.1

0.1

        Other Installations, Tools, and Furniture

0.1

0.1

0.1

        Other Tangible Assets

0.2

0.2

0.1

    Total Tangible Fixed Assets

0.4

0.4

0.2

        Receivables from Group Companies

1.7

1.7

1.8

        Long-Term Guarantees and Deposits

0.2

0.2

0.2

    Financial Investments

1.9

1.9

2.0

Total Fixed Assets

2.3

2.3

2.2

        Goods for Resale

0.2

0.2

1.0

    Total Stocks

0.2

0.2

1.0

        Trade Debtors

3.2

2.7

2.1

        Receivables, Group Companies

0.0

0.1

0.2

        Other Debtors

-

0.0

0.0

        Public Bodies

0.0

-

0.0

    Total Debtors

3.2

2.7

2.3

        Short-Term Guarantees and Deposits

0.3

-

0.1

    Total Short-Term Investments

0.3

-

0.1

    Cash

2.2

1.8

1.7

    Prepayments and Accrued Income

-

0.0

0.0

Total Current Assets

5.8

4.7

5.1

Total Assets

8.1

7.0

7.3

        Legal Reserve

0.1

0.1

0.1

        Miscellaneous Reserves

2.2

1.6

1.5

    Total Reserves

2.3

1.7

1.5

    Profit or Loss for the Financial Year

1.1

0.7

0.1

Total Equity

3.8

2.9

2.7

        Other Provisions

-

0.0

0.0

Total Provisions for Liabilities and Charges

-

0.0

0.0

        Long-Term Payables to Public Bodies

0.1

0.1

-

    Total Other Creditors

0.1

0.1

-

Total Long Term Liabilities

0.1

0.1

-

        Loans and Other Liabilities

0.0

0.0

0.0

    Total Amounts Owed to Credit Institutions

0.0

0.0

0.0

        Amounts Owed for Purchases of Goods or Services

3.9

3.5

4.4

    Total Trade Creditors

3.9

3.5

4.4

        Public Bodies

0.3

0.1

0.0

        Miscellaneous Debts

0.0

0.4

-

        Wages and Salaries Payable

0.0

0.0

0.0

    Total Other Creditors

0.3

0.5

0.1

    Prepayments and Accrued Income

0.0

-

-

Total Short Term Creditors

4.3

4.0

4.5

Total Liabilities and Equity

8.1

7.0

7.3

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.64

UK Pound

1

Rs.86.42

Euro

1

Rs.69.28

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.