MIRA
INFORM REPORT
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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SUMITOMO BAKELITE EUROPE |
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Registered Office : |
C/ Gran Vial, 4., |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2003 |
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Com. Reg. No.: |
B63227938 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Manufacture of other chemical products |
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No. of Employees : |
86 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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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 – 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
Sumitomo Bakelite Europe Barcelona Sl
C/ Gran Vial, 4.
Montornes Del Valles, 08170
Spain
Tel: +(34) 935720211
Synthesis
Employees: 86
Company Type: Private Parent
Corporate Family: 3
Companies
Incorporation Date: 2003
Auditor: Deloitte S.L.
Financials in: USD
(Millions)
Fiscal Year End:
16-Nov-2011
Reporting Currency: Euro
Annual Sales: 35.6
1
Net Income: 2.6
Total Assets: 52.5
Business Description
Manufacture of other chemical products n.e.c.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1899 - Other Basic
Chemical Product Manufacturing Not Elsewhere Classified
NACE 2002: 2466 - Manufacture
of other chemical products not elsewhere classified
NAICS 2002: 325998 - All Other
Miscellaneous Chemical Product and Preparation Manufacturing
UK SIC 2003: 2466 - Manufacture
of other chemical products not elsewhere classified
US SIC 1987: 2899 - Chemicals
and Chemical Preparations, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Tatsuo Yoshihara |
Chief Executive Officer, President, Member
Of The Board |
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Eugenia Jover Calvet |
Non Consellor Assistant Secretary |
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Javier Menor Perez |
Non Consellor Secretary |
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Maria Geskens Alexander Josef |
Member Of The Board |
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Marie Vandersteen Carlos Jean |
Member Of The Board |
Registered No.(ESP): B63227938
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7189136
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7390983
Corporate Overview
Location
C/ Gran Vial, 4.
Montornes Del Valles, 08170
Spain
Tel: +(34) 935720211
Sales EUR(mil): 25.6
Assets EUR(mil): 38.8
Employees: 86
Fiscal Year End: 16-Nov-2011
Industry: Chemical
Manufacturing
Incorporation Date: 2003
Company Type: Private
Parent
Quoted Status: Not
Quoted
Registered No.(ESP): B63227938
Chief Executive Officer,
President,
Member Of The Board: Tatsuo
Yoshihara
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1899 - Other Basic Chemical Product Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2466 - Manufacture of other chemical products not elsewhere
classified
NAICS 2002 Codes:
325998 - All Other Miscellaneous Chemical Product and Preparation
Manufacturing
US SIC 1987:
2899 - Chemicals and Chemical Preparations, Not Elsewhere
Classified
UK SIC 2003:
2466 - Manufacture of other chemical products not elsewhere
classified
Business
Description
Manufacture of other chemical products n.e.c.
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Corporate
Family |
Corporate
Structure News: |
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Sumitomo Bakelite Europe Barcelona Sl |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Sumitomo Bakelite Europe Barcelona Sl |
Parent |
Montornes Del Valles, Barcelona |
Spain |
Chemical Manufacturing |
35.6 |
86 |
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Catalise Eurometals Sl |
Subsidiary |
Badalona, Barcelona |
Spain |
Miscellaneous Capital Goods |
7.3 |
2 |
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Green Steel España Sl |
Subsidiary |
Barcelona |
Spain |
Miscellaneous Capital Goods |
3.0 |
1 |
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Executive report
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Board
of Directors |
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Member Of The Board |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Chief Executive Officer, President, Member
Of The Board |
Director/Board Member |
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Executives |
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Chief Executive Officer, President, Member
Of The Board |
Chief Executive Officer |
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Non Consellor Assistant Secretary |
Administration Executive |
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Non Consellor Secretary |
Administration Executive |
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Single Partner |
Partner |
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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 |
31.8 |
28.1 |
41.9 |
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Stock Reduction |
- |
- |
0.5 |
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Supplies |
19.4 |
14.6 |
25.1 |
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Goods
Consumption |
19.4 |
- |
- |
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Consumption
of Raw Materials |
- |
14.6 |
25.1 |
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Staff Costs |
5.0 |
6.0 |
6.1 |
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Wages
and Salaries |
4.0 |
4.9 |
4.8 |
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Social
Security Costs |
1.0 |
1.1 |
1.2 |
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Depreciation |
1.0 |
1.1 |
1.2 |
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Allowance for
Trade Operations |
-0.3 |
0.4 |
-0.3 |
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Stock
Provision Variation |
-0.4 |
- |
-0.3 |
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Losses
from Unrecovered Receivables |
0.1 |
0.4 |
0.0 |
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Other Operating
Charges |
5.5 |
5.6 |
8.4 |
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External
Services |
5.2 |
5.5 |
8.3 |
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Taxes |
0.4 |
0.1 |
0.1 |
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Operating
Benefits |
3.6 |
1.1 |
2.3 |
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Financials and
Similar Charges |
0.1 |
0.2 |
0.5 |
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Due
to Liabilities With Group Companies |
0.0 |
0.1 |
0.2 |
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Due
to Other Liabilities |
0.1 |
0.1 |
0.3 |
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Exchange Losses |
0.0 |
0.0 |
0.1 |
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Profit From
Ordinary Activities |
3.5 |
0.9 |
1.6 |
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Extraordinary Profit |
0.0 |
0.0 |
- |
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Profit Before
Taxes |
3.5 |
1.0 |
1.6 |
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Corporation Tax |
1.0 |
0.3 |
0.4 |
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Financial Year
Result (Profit) |
2.5 |
0.7 |
1.2 |
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Income |
34.2 |
28.8 |
43.1 |
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Net Total Sales |
33.9 |
28.1 |
42.6 |
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Sales |
34.0 |
28.2 |
42.8 |
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Sales
Refunds |
-0.1 |
-0.1 |
-0.2 |
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Increase in Stocks |
0.2 |
0.1 |
- |
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Miscellaneous
Operating Income |
0.1 |
0.5 |
0.5 |
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Auxiliary
Income From Current Management |
0.1 |
0.5 |
0.5 |
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Income From Other Securities
and Receivables |
0.1 |
0.0 |
- |
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From
Non-Group Companies |
0.1 |
0.0 |
- |
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Negative
Financial Results |
0.1 |
0.2 |
0.6 |
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Profit on Disposal
of Assets |
0.0 |
0.0 |
- |
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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Concessions,
Patents, Trademarks |
0.0 |
0.0 |
0.0 |
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Goodwill |
17.3 |
18.5 |
17.9 |
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Software |
0.2 |
0.4 |
0.4 |
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Total Intangible
Fixed Assets |
17.5 |
18.9 |
18.4 |
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Land
and Construction |
9.9 |
10.8 |
10.7 |
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Technical
Installations and Machinery |
4.0 |
4.5 |
3.9 |
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Other
Installations, Tools, and Furniture |
0.2 |
0.3 |
0.2 |
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Tangible
Fixed Assets Under Construction |
2.0 |
0.7 |
1.1 |
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Other
Tangible Assets |
0.0 |
0.0 |
0.0 |
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Total Tangible
Fixed Assets |
16.2 |
16.3 |
15.9 |
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Long-Term
Guarantees and Deposits |
0.0 |
0.0 |
0.0 |
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Financial
Investments |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
33.8 |
35.2 |
34.3 |
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Goods
for Resale |
0.1 |
0.1 |
0.1 |
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Raw
Materials and Other Consumables |
1.2 |
1.3 |
2.0 |
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Goods
in Process |
0.6 |
0.5 |
0.6 |
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Finished
Products |
1.4 |
1.0 |
1.5 |
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Payments
on Account |
- |
0.0 |
0.0 |
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Total Stocks |
3.2 |
2.9 |
4.2 |
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Trade
Debtors |
6.5 |
7.0 |
8.6 |
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Receivables,
Group Companies |
0.6 |
0.6 |
0.1 |
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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 |
0.3 |
0.5 |
0.7 |
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Total Debtors |
7.4 |
8.1 |
9.3 |
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Short-Term
Guarantees and Deposits |
0.0 |
0.0 |
0.0 |
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Total Short-Term
Investments |
0.0 |
0.0 |
0.0 |
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Cash |
7.6 |
6.7 |
3.3 |
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Prepayments and
Accrued Income |
0.0 |
0.0 |
0.1 |
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Total Current Assets |
18.3 |
17.7 |
16.8 |
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Total Assets |
52.1 |
52.9 |
51.1 |
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Legal
Reserve |
0.1 |
- |
- |
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Miscellaneous
Reserves |
0.5 |
0.7 |
0.5 |
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Total Reserves |
0.6 |
0.7 |
0.5 |
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Prior
Year Losses |
-7.1 |
-8.3 |
-9.1 |
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Profit or Loss
Brought Forward |
-7.1 |
-8.3 |
-9.1 |
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Profit or Loss for
the Financial Year |
2.5 |
0.7 |
1.2 |
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Total Equity |
37.9 |
37.8 |
36.0 |
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Other
Creditors |
- |
0.0 |
0.0 |
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Long-Term
Payables to Public Bodies |
- |
- |
0.0 |
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Total Other
Creditors |
- |
0.0 |
0.0 |
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Total Long Term Liabilities |
- |
0.0 |
0.0 |
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Loans
and Other Liabilities |
3.1 |
4.7 |
5.3 |
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Total Amounts Owed
to Credit Institutions |
3.1 |
4.7 |
5.3 |
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Amounts
Owed to Group Companies |
4.0 |
4.3 |
4.2 |
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Total Short-Term Amounts
Owed to Group and Associa |
4.0 |
4.3 |
4.2 |
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Amounts
Owed for Purchases of Goods or Services |
6.2 |
5.0 |
4.8 |
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Total Trade
Creditors |
6.2 |
5.0 |
4.8 |
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Public
Bodies |
0.4 |
0.2 |
0.2 |
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Miscellaneous
Debts |
0.0 |
0.0 |
0.0 |
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Wages
and Salaries Payable |
0.5 |
0.4 |
0.6 |
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Total Other
Creditors |
0.9 |
0.7 |
0.8 |
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Total Short Term Creditors |
14.2 |
14.8 |
15.1 |
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Short Term Provisions for Liabilities and
Charges |
- |
0.3 |
- |
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Total Liabilities
and Equity |
52.1 |
52.9 |
51.1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.29 |
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UK Pound |
1 |
Rs.88.26 |
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Euro |
1 |
Rs.70.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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s11-25 |
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 |
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<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.