MIRA
INFORM REPORT
|
Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
CUPA MATERIALES SA |
|
|
|
|
Registered Office : |
Calle Sierra Nevada 9 ( Zade Area Emp. Andalucia ) Pinto, 28320 |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1998 |
|
|
|
|
Com. Reg. No.: |
A82166281 |
|
|
|
|
Legal Form : |
Public Subsidiary |
|
|
|
|
Line of Business : |
Other retail sale of new goods in specialised stores |
|
|
|
|
No. of Employees : |
18 |
RATING & COMMENTS
|
MIRAs 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 |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Cupa Materiales Sa
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
Business Description
|
Other retail sale of new goods in specialised stores |
Industry
|
Industry |
Retail (Specialty) |
|
ANZSIC 2006: |
4279 - Other Store-Based Retailing Not
Elsewhere Classified |
|
NACE 2002: |
5248 - Other retail sale in specialised
stores |
|
NAICS 2002: |
453 - Miscellaneous Store Retailers |
|
UK SIC 2003: |
5248 - Other retail sale in specialised
stores |
|
US SIC 1987: |
599 - Retail Stores, Not Elsewhere
Classified |
|
|
|
Key
Executives
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7185245
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7245852
Corporate Overview
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Executives Report
|
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 |
9.5 |
10.3 |
13.0 |
|
Supplies |
6.5 |
6.7 |
8.7 |
|
Goods Consumption |
6.5 |
6.6 |
8.7 |
|
Consumption of Raw
Materials |
0.0 |
0.0 |
- |
|
Miscellaneous External
Expenditures |
0.0 |
0.0 |
0.0 |
|
Staff Costs |
0.9 |
1.1 |
1.1 |
|
Wages and Salaries |
0.7 |
0.9 |
0.9 |
|
Social Security Costs |
0.2 |
0.2 |
0.2 |
|
Depreciation |
0.1 |
0.1 |
0.1 |
|
Allowance for Trade Operations |
0.1 |
0.2 |
0.0 |
|
Stock Provision Variation |
0.0 |
0.0 |
-0.1 |
|
Losses from
Unrecovered Receivables |
-0.2 |
-1.1 |
-0.5 |
|
Variation of Other
Trade Provisions |
0.3 |
1.3 |
0.5 |
|
Other Operating Charges |
1.7 |
2.0 |
2.3 |
|
External Services |
1.7 |
2.0 |
2.3 |
|
Taxes |
0.0 |
0.0 |
0.0 |
|
Operating Benefits |
0.3 |
0.5 |
1.5 |
|
Financials and Similar Charges |
0.1 |
0.1 |
0.3 |
|
Due to Liabilities
With Group Companies |
0.1 |
0.0 |
0.1 |
|
Due to Other
Liabilities |
0.0 |
0.1 |
0.2 |
|
Exchange Losses |
0.1 |
0.1 |
0.0 |
|
Profit From Ordinary Activities |
0.1 |
0.4 |
1.1 |
|
Losses From Assets and Securities Portfolio |
- |
0.0 |
- |
|
Extraordinary Profit |
0.0 |
- |
- |
|
Profit Before Taxes |
0.1 |
0.4 |
1.1 |
|
Corporation Tax |
0.0 |
0.0 |
0.3 |
|
Financial Year Result (Profit) |
0.1 |
0.3 |
0.8 |
|
Income |
9.6 |
10.7 |
13.7 |
|
Net Total Sales |
9.5 |
10.6 |
13.6 |
|
Sales |
9.3 |
10.5 |
13.4 |
|
Rendering of Services |
0.1 |
0.1 |
0.2 |
|
Sales Refunds |
0.0 |
0.0 |
0.0 |
|
Increase in Stocks |
0.0 |
- |
0.1 |
|
Works Performed for Fixed Assets |
- |
0.1 |
0.0 |
|
Miscellaneous Operating Income |
0.1 |
0.0 |
0.0 |
|
Auxiliary Income From
Current Management |
0.1 |
0.0 |
0.0 |
|
Income From Miscellaneous Interests |
0.0 |
0.0 |
0.0 |
|
From Group Companies |
- |
- |
0.0 |
|
Miscellaneous
Interests |
0.0 |
0.0 |
0.0 |
|
Negative Financial Results |
0.2 |
0.2 |
0.4 |
|
Profit on Disposal of Assets |
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 |
|
|
|
|
|
|
Research and
Development Costs |
0.1 |
0.1 |
0.1 |
|
Concessions, Patents,
Trademarks |
0.0 |
0.0 |
0.1 |
|
Total Intangible Fixed Assets |
0.1 |
0.2 |
0.1 |
|
Land and Construction |
0.3 |
0.4 |
0.5 |
|
Technical
Installations and Machinery |
0.1 |
0.1 |
0.1 |
|
Other Installations,
Tools, and Furniture |
0.0 |
0.0 |
0.0 |
|
Tangible Fixed Assets
Under Construction |
0.0 |
0.0 |
- |
|
Other Tangible Assets |
0.0 |
0.1 |
0.0 |
|
Total Tangible Fixed Assets |
0.5 |
0.6 |
0.6 |
|
Total Fixed Assets |
0.7 |
0.8 |
0.8 |
|
Goods for Resale |
4.6 |
5.7 |
5.7 |
|
Finished Products |
0.0 |
0.0 |
0.0 |
|
Payments on Account |
0.7 |
0.1 |
0.6 |
|
Total Stocks |
5.3 |
5.9 |
6.3 |
|
Trade Debtors |
2.2 |
2.4 |
3.7 |
|
Receivables, Group
Companies |
1.3 |
1.1 |
0.8 |
|
Receivables,
Associated Companies |
0.1 |
0.1 |
0.0 |
|
Other Debtors |
- |
0.0 |
- |
|
Staff |
0.0 |
0.0 |
0.0 |
|
Public Bodies |
0.2 |
0.1 |
0.2 |
|
Total Debtors |
3.8 |
3.6 |
4.7 |
|
Receivables from Group
Companies |
0.1 |
0.0 |
- |
|
Short-Term Guarantees
and Deposits |
0.0 |
- |
- |
|
Total Short-Term Investments |
0.1 |
0.0 |
- |
|
Cash |
0.2 |
0.4 |
0.5 |
|
Prepayments and Accrued Income |
- |
0.0 |
0.0 |
|
Total Current Assets |
9.4 |
9.9 |
11.5 |
|
Total Assets |
10.0 |
10.7 |
12.3 |
|
Legal Reserve |
0.2 |
0.3 |
0.2 |
|
Miscellaneous Reserves |
2.3 |
2.5 |
0.2 |
|
Total Reserves |
2.5 |
2.7 |
0.3 |
|
Retained Earnings |
- |
0.0 |
1.5 |
|
Prior Year Losses |
0.0 |
- |
- |
|
Profit or Loss Brought Forward |
0.0 |
0.0 |
1.5 |
|
Profit or Loss for the Financial Year |
0.1 |
0.3 |
0.7 |
|
Total Equity |
3.4 |
3.9 |
3.5 |
|
Long-Term Liabilities
from Capital Leases |
- |
- |
0.0 |
|
Total Amounts Owed to Credit Institutions |
- |
- |
0.0 |
|
Amounts Owed to Group
Companies |
0.3 |
1.7 |
1.5 |
|
Total Debts with Group or Affiliated Companies |
0.3 |
1.7 |
1.5 |
|
Long-Term Payables to
Public Bodies |
0.0 |
- |
- |
|
Total Other Creditors |
0.0 |
- |
- |
|
Total Long Term Liabilities |
0.3 |
1.7 |
1.5 |
|
Loans and Other
Liabilities |
3.0 |
2.1 |
3.9 |
|
Short-Term Liabilities
from Capital Leases |
- |
0.0 |
0.0 |
|
Total Amounts Owed to Credit Institutions |
3.0 |
2.1 |
3.9 |
|
Amounts Owed to Group
Companies |
0.1 |
0.6 |
0.4 |
|
Amounts Owed to
Associated Companies |
0.0 |
0.4 |
0.2 |
|
Total Short-Term Amounts Owed to Group and
Associa |
0.1 |
1.0 |
0.7 |
|
Advanced Payments from
Customers |
0.2 |
0.0 |
0.1 |
|
Amounts Owed for
Purchases of Goods or Services |
2.9 |
1.9 |
2.6 |
|
Total Trade Creditors |
3.1 |
1.9 |
2.7 |
|
Public Bodies |
0.1 |
0.0 |
0.0 |
|
Wages and Salaries
Payable |
- |
0.0 |
0.0 |
|
Total Other Creditors |
0.1 |
0.0 |
0.0 |
|
Prepayments and Accrued Income |
0.0 |
- |
- |
|
Total Short Term Creditors |
6.3 |
5.1 |
7.3 |
|
Total Liabilities and Equity |
10.0 |
10.7 |
12.3 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.71 |
|
|
1 |
Rs.86.34 |
|
Euro |
1 |
Rs.69.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 SCs 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.