MIRA INFORM REPORT

 

 

Report Date :

01.11.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

PASCUAL GALAN M. DEL CARMEN

 

 

Registered Office :

Calle Blanquers (Pol. Santiga), 3, 08130 Santa Perpetua De Mogoda  Barcelona

 

 

Country :

Spain

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

01.01.2009

 

 

Legal Form :

Sole Proprietor

 

 

Line of Business :

Wholesaler of textile machinery

 

 

No. of Employees :

01 employee

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Spain

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

spain - ECONOMIC OVERVIEW

 

spain's mixed capitalist economy is the 13th largest in the world, and its per capita income roughly matches that of Germany and France. However, after almost 15 years of above average GDP growth, the Spanish economy began to slow in late 2007 and entered into a recession in the second quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and by another 0.1% in 2010, before turning positive in 2011, making Spain the last major economy to emerge from the global recession. The reversal in Spain''s economic growth reflected a significant decline in construction amid an oversupply of housing and falling consumer spending, while exports actually have begun to grow. Government efforts to boost the economy through stimulus spending, extended unemployment benefits, and loan guarantees did not prevent a sharp rise in the unemployment rate, which rose from a low of about 8% in 2007 to over 20% in 2011. The government budget deficit worsened from 3.8% of GDP in 2008 to 9.2% of GDP in 2010, more than three times the euro-zone limit. Madrid cut the deficit to 8.5% of GDP in 2011, a larger deficit than the 6% target negotiated between Spain and the EU. Spain''s large budget deficit and poor economic growth prospects have made it vulnerable to financial contagion from other highly-indebted euro zone members despite the government''s efforts to cut spending, privatize industries, and boost competitiveness through labor market reforms. Spanish banks'' high exposure to the collapsed domestic construction and real estate market also poses a continued risk for the sector. The government oversaw a restructuring of the savings bank sector in 2010, and provided some $15 billion in capital to various institutions. Investors remain concerned that Madrid may need to bail out more troubled banks. The Bank of Spain, however, is seeking to boost confidence in the financial sector by pressuring banks to come clean about their losses and consolidate into stronger groups.

 

Source : CIA

 


Company name & address 

 

PASCUAL GALAN M. DEL CARMEN

CIF/NIF: 38423842L

Company situation: Active

 

Answer to the data in your request

The data of your request have been confirmed and are correct.

On the date of issuing the present report, the AEAT confirms the existence of the census of the subject, after carrying a consultation by NIF and/or denomination.

Other Complementary Information

 

The address included in your enquiry belongs to its fiscal address c/ Piferrer,100 esc a de Sabadell

 

 

EXECUTIVE SUMMARY

  

Identification

Current Business Name: PASCUAL GALAN M. DEL CARMEN

Other names: NO

Current Address:  CALLE BLANQUERS (POL. SANTIGA), 3

08130 SANTA PERPETUA DE MOGODA BARCELONA 

Telephone number: 937189912 

URL:  www.noetex.com  

Corporate e-mail:  info@noetex.com  

 

Trade Risk

Incidents:  No incidences registered

 

Financial Information

 

Latest sales known (2011):  120.000,00  €  (Estimated)

Balance sheet latest sales : For its legal form the subject has no obligation to present its financial Mercantile Register.

Share capital: It does not proceed to provide this kind of information due to the legal form of the subject

Employees:  1

Listed on a Stock Exchange: NO

  

Commercial Information

 

Activity beginning date:  01/01/2009

Activity:  Wholesale of textile machinery

NACE 2009 CODE: 4664

International Operations: No business relationships registered

 

Corporate Structure

It does not proceed to provide this kind of information due to the legal form of the subject

 

Other Complementary Information

Latest act published in BORME: For its legal form the subject has no obligation to be registered nor to present its financial statement in the Mercantile Register, even if, exceptionally, could have had some proceedings published in BORME for this kind of legal form.

Latest press article: No press articles registered for this company

 

The date when this report was last updated is 30/10/2012.

The information contained in this report has been investigated and contrasted on 30/10/2012

 Performance

Incidents

 

 

None or Negligible

Business Trajectory

 

 

Good

 

Rating Explanation

Company Structure

          The company’s capitalization degree determines that its structure is weak.

          The company’s size is  very small depending on its sales volume.

Performance and Incidences

          He have detected no recent legal actions or claims from the Administration against this company.

INCIDENTS

 

Summary

LEGAL ACTIONS: No legal actions registered

ADMINISTRATIVE CLAIMS: No administrative claims registered

AFFECTED BY: No significant element.

 

 

FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE

  

FINANCIAL ELEMENTS

 

Main Financial Elements

Figures given in €

 

2011

ESTIMATED

 

PROFIT AND LOSS ACCOUNT ANALYSIS

 

SALES

120.000,00

 

Estimated Balance Sheet

Source: Own Sources (2011)

Figures given in €

ACTIVO

 

PASIVO

 

Non current assets

16.000,00

Net worth

24.000,00

  Tangible fixed assets

16.000,00

  Equity

24.000,00

Current assets

23.000,00

Liabilities

15.000,00

  Treasury

3.000,00

  Non current liabilities

 

  Stocks

20.000,00

  Current liabilities

15.000,00

Total Assets

39.000,00

Total Net Worth and Liabilities

39.000,00

 

 


company ADDRESSES

  

Business address

Current Legal Seat Address: 

CALLE BLANQUERS (POL. SANTIGA), 3

08130 SANTA PERPETUA DE MOGODA  BARCELONA

 

Characteristics of the current address

Type of establishment: store

Owners: rented

Local Situation: secondary

 

 

CORPORATE STRUCTURE

  

POTENTIAL LINKS

 

Name Search in the Internet

Search Criterion: ”pascual galan maria del carmen”

URL: www.noetex.com

noetex - empresa  Maria del Camen Pascual Galan que durante 30 años estuvo trabajando en Noetex S.L.. La actividad es la compra venta de maquinaria textil de tejeduria plana ...

 

BUSINESS INFORMATION

  

Constitution

Activity beginning date: 01/01/2009

 

Origin / Establishment

Origin: NOETEX S.L., dejo de operar como Sociedad Limitada el dia 30.06.2008. Actualmente el nombre comercial de NOETEX es usado en régimen de autonómos por Maria del Camen Pascual Galan que durante 30 años estuvo trabajando en Noetex S.L.

 

Activity

Activity: Wholesale of textile machinery

NACE 2009 CODE: 4664

NACE 2009 Activity: Wholesale of machinery for the textile industry and of sewing and knitting machines

Activity description: La actividad es la compra venta de maquinaria textil de tejeduria plana (máquinas sueltas ó Plantas completas) en el estado en que se encuentran o reacondicionadas

 

Employees

Latest employees figure: 1 (2012)

% of fixed employees: 100,00%

 

COMMERCIAL OPERATIONS

 

SUPPLIERS

BUSINESS NAME

INTERNATIONAL

QUIC SILER

NO

There are 1 Suppliers

 

Banks

ENTITY

BRANCH

ADDRESS

TOWN OR CITY

PROVINCE

BANCO DE SABADELL, S.A.

0900

PZ SANT ROC 000020

SABADELL

Barcelona

There are 1 bank entities registered

 

 

LEGAL STRUCTURE

 

Constitution Data

Register Date: 01/01/2009

 

Current structure data

Legal form: Sole Proprietor

Share capital: It does not proceed to provide this kind of information due to the legal form of the subject


Legal Aspects

Obligation to fill in Financial Statements: NO

Chamber census: YES (2010)

 

B.O.R.M.E.

(Official Gazette of the Mercantile Register)

 

For its legal form the subject has no obligation to be registered nor to present its financial statement in the Mercantile Register, even if, exceptionally, could have had some proceedings published in BORME for this kind of legal form.

 

Press articles

 

No press articles registered for this company

 

Complementary Information

 

Employees

Negocio individual sin personal asalariado

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.12

UK Pound

1

Rs.87.08

Euro

1

Rs.70.15

 

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

----

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.