MIRA INFORM REPORT
|
Report Date : |
20.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
BEFESA ALUMINIO SOCIEDAD LIMITADA |
|
|
|
|
Registered Office : |
Ctra. Bilbao-Plencia, 21, Erandio, 48950 |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1997 |
|
|
|
|
Com. Reg. No.: |
B48934038 |
|
|
|
|
Legal Form : |
Private Subsidiary Company |
|
|
|
|
Line of Business : |
Production of aluminium alloys from recycled metal; provision of technical assistance |
|
|
|
|
No. of Employees : |
214 employees |
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 – 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
Befesa Aluminio Sociedad Limitada
Ctra. Bilbao-Plencia, 21
Erandio, 48950
Spain
Tel: +(34) 944530200
Fax: +(34) 944530097
Web: www.befesa.com
Synthesis
Employees: 214
Company Type: Private Subsidiary
Corporate Family: 105
Companies
Ultimate Parent: Inversion
Corporativa I C Sa
Incorporation Date: 1997
Auditor: Pricewaterhousecoopers Auditores Sl
Financials in: USD
(Millions)
Fiscal Year End: 13-Sep-2011
Reporting Currency: Euro
Annual Sales: 302.1
1
Net Income: 5.2
Total Assets: 218.6
Business Description
Production of aluminium alloys from recycled metal; provision of
technical assistance
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2132 - Aluminium
Smelting
NACE 2002: 2753 - Casting of
light metals
NAICS 2002: 331521 - Aluminum
Die-Casting Foundries
UK SIC 2003: 2753 - Casting of
light metals
UK SIC 2007: 2453 - Casting of
light metals
US SIC 1987: 3363 - Aluminum Die-Castings
Key Executives
|
Name |
Title |
|
Federico Barredo Ardanza |
President, Member Of The Board |
|
Juan Carlos Torres Romero |
Director Financiero |
|
Rosa Maria Navidad Oloriz |
Member Of The Board, Non Consellor
Secretary |
|
Arenal Manuel Barrenechea Del |
Member Of The Board |
|
Antonio Marin Hita |
Consejero |
Registered
No.(ESP): B48934038
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7187695
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.731101
Corporate Overview
Location
Ctra. Bilbao-Plencia, 21
Erandio, 48950
Spain
Tel: +(34) 944530200
Fax: +(34) 944530097
Web: www.befesa.com
Sales EUR(mil): 217.1
Assets EUR(mil): 159.8
Employees: 214
Fiscal Year End: 13-Sep-2011
Industry: Miscellaneous Fabricated Products
Incorporation Date: 1997
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Previous Name: Befesa
Aluminio Bilbao SL
Registered No.(ESP): B48934038
President, Member
Of The Board: Federico
Barredo Ardanza
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2132 - Aluminium Smelting
6923 - Engineering Design and Engineering Consulting Services
2141 - Non-Ferrous Metal Casting
213 - Basic Non-Ferrous Metal Manufacturing
NACE 2002 Codes:
2753 - Casting of light metals
2840 - Forging, pressing, stamping and roll forming of metal;
powder metallurgy
2745 - Other non-ferrous metal production
7420 - Architectural and engineering activities and related
technical consultancy
NAICS 2002 Codes:
331521 - Aluminum Die-Casting Foundries
332112 - Nonferrous Forging
331492 - Secondary Smelting, Refining, and Alloying of Nonferrous
Metal (except Copper and Aluminum)
331524 - Aluminum Foundries (except Die-Casting)
541330 - Engineering Services
US SIC 1987:
3363 - Aluminum Die-Castings
3341 - Secondary Smelting and Refining of Nonferrous Metals
3463 - Nonferrous Forgings
8711 - Engineering Services
3365 - Aluminum Foundries
UK SIC 2003:
2753 - Casting of light metals
2745 - Other non-ferrous metal production
2840 - Forging, pressing, stamping and roll forming of metal;
powder metallurgy
74204 - Engineering consultative and design activities
UK SIC 2007:
2453 - Casting of light metals
2445 - Other non-ferrous metal production
2550 - Forging, pressing, stamping and roll-forming of metal;
powder metallurgy
71129 - Other engineering activities (not including engineering
design for industrial process and production or engineering related scientific
and technical consulting activities)
Business
Description
Aluminium production
More Business
Descriptions
Production of aluminium alloys from recycled metal; provision of
technical assistance
Waste Treatment and Disposal
Brand/Trade Names
Remetal
Refinalsa
|
||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Family |
Corporate
Structure News: |
|
|
Inversion
Corporativa I C Sa |
|
Befesa Aluminio Sociedad Limitada |
|
|
|
|
|
|
|
|
Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Madrid |
Spain |
Commercial Banks |
11.7 |
3 |
|
|
Subsidiary |
Sevilla |
Spain |
Construction Services |
11,050.9 |
22,243 |
|
|
Subsidiary |
Sevilla |
Spain |
Chemical Manufacturing |
3,093.8 |
4,605 |
|
|
Subsidiary |
Sevilla |
Spain |
Construction Services |
916.3 |
2,078 |
|
|
Subsidiary |
Vitrolles |
France |
Construction Services |
25.3 |
14 |
|
|
Subsidiary |
Sydney, NSW |
Australia |
Construction Services |
|
|
|
|
Subsidiary |
Casablanca |
Morocco |
Construction Services |
|
|
|
|
Subsidiary |
Lisbon |
Portugal |
Construction Services |
|
|
|
|
Subsidiary |
Dammam |
Saudi Arabia |
Construction Services |
|
|
|
|
Subsidiary |
Tianjin |
China |
Construction Services |
|
|
|
|
Subsidiary |
New Delhi |
India |
Engineering Consultants |
|
|
|
|
Subsidiary |
Alcobendas, Madrid |
Spain |
Computer Services |
182.7 |
1,438 |
|
|
Subsidiary |
El Ejido, Almeria |
Spain |
Water Utilities |
47.2 |
239 |
|
|
Subsidiary |
Chesterfield, MO |
United States |
Chemical Manufacturing |
259.2 |
200 |
|
|
Branch |
York, NE |
United States |
Oil and Gas Operations |
331.1 |
68 |
|
|
Facility |
Colwich, KS |
United States |
Crops |
224.0 |
55 |
|
|
Branch |
Mt Vernon, IN |
United States |
Construction Services |
73.0 |
15 |
|
|
Branch |
Portales, NM |
United States |
Oil and Gas Operations |
39.0 |
8 |
|
|
Branch |
Ravenna, NE |
United States |
Crops |
39.0 |
8 |
|
|
Branch |
Golden, CO |
United States |
Oil and Gas Operations |
39.0 |
8 |
|
|
Branch |
Madison, IL |
United States |
Retail (Specialty) |
39.0 |
8 |
|
|
Branch |
Hugoton, KS |
United States |
Construction Services |
9.7 |
2 |
|
|
Subsidiary |
Sevilla |
Spain |
Electric Utilities |
18.0 |
100 |
|
|
Subsidiary |
Utrera, Sevilla |
Spain |
Engineering Consultants |
93.6 |
290 |
|
|
Subsidiary |
Apaseo El Grande, Guanajuato |
Mexico |
Engineering Consultants |
120.1 |
785 |
|
|
Subsidiary |
Sevilla |
Spain |
Electric Utilities |
122.8 |
125 |
|
|
Simosa
Servicios Integrales De Mantenimiento Y Operacion, Sa. |
Subsidiary |
Sevilla |
Spain |
Business Services |
14.1 |
94 |
|
Subsidiary |
Valladolid |
Spain |
Waste Management Services |
17.3 |
58 |
|
|
Subsidiary |
Sevilla |
Spain |
Commercial Banks |
102.0 |
34 |
|
|
Subsidiary |
Sevilla |
Spain |
Construction Services |
91.1 |
13 |
|
|
Subsidiary |
Sevilla |
Spain |
Engineering Consultants |
71.2 |
633 |
|
|
Subsidiary |
Rio de Janeiro, RJ |
Brazil |
Electronic Instruments and Controls |
|
500 |
|
|
Subsidiary |
Sevilla |
Spain |
Construction Services |
984.4 |
486 |
|
|
Subsidiary |
Gliwice |
Poland |
Engineering Consultants |
4.5 |
140 |
|
|
Subsidiary |
Hydra |
Algeria |
Electric Utilities |
|
|
|
|
Subsidiary |
Sevilla |
Spain |
Construction Services |
751.9 |
326 |
|
|
Subsidiary |
Sevilla |
Spain |
Electronic Instruments and Controls |
55.0 |
105 |
|
|
Subsidiary |
Madrid |
Spain |
Miscellaneous Fabricated Products |
103.2 |
45 |
|
|
Subsidiary |
Barra da Tijuca |
Brazil |
Miscellaneous Fabricated Products |
|
|
|
|
Subsidiary |
Mexico |
Mexico |
Miscellaneous Fabricated Products |
|
|
|
|
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Engineering Consultants |
|
100 |
|
|
Subsidiary |
Lima |
Peru |
Engineering Consultants |
|
100 |
|
|
Subsidiary |
Lima |
Peru |
Engineering Consultants |
|
|
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Engineering Consultants |
|
54 |
|
|
Subsidiary |
Sevilla |
Spain |
Biotechnology and Drugs |
8.8 |
23 |
|
|
Subsidiary |
Sevilla |
Spain |
Public Sector and Government |
13.5 |
19 |
|
|
Subsidiary |
Alcantarilla, Murcia |
Spain |
Engineering Consultants |
7.9 |
9 |
|
|
Subsidiary |
Sevilla |
Spain |
Engineering Consultants |
14.3 |
3 |
|
|
Subsidiary |
Ayamonte, Huelva |
Spain |
Engineering Consultants |
17.0 |
|
|
|
Subsidiary |
Mexico |
Mexico |
Engineering Consultants |
|
|
|
|
Subsidiary |
Barra da Tijuca |
Brazil |
Engineering Consultants |
|
|
|
|
Subsidiary |
Rio De Janeiro |
Brazil |
Electric Utilities |
|
|
|
|
Subsidiary |
Seville |
Spain |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
Montevideo |
Uruguay |
Engineering Consultants |
|
|
|
|
Subsidiary |
Montevideo |
Uruguay |
Engineering Consultants |
|
|
|
|
Subsidiary |
Montevideo |
Uruguay |
Engineering Consultants |
|
|
|
|
Subsidiary |
Montevideo |
Uruguay |
Engineering Consultants |
|
|
|
|
Subsidiary |
Montevideo |
Uruguay |
Engineering Consultants |
|
|
|
|
Subsidiary |
Erandio, Vizcaya |
Spain |
Waste Management Services |
50.4 |
8 |
|
|
Subsidiary |
Amorebieta-Echano, Vizcaya |
Spain |
Waste Management Services |
15.1 |
23 |
|
|
Subsidiary |
Sevilla |
Spain |
Miscellaneous Capital Goods |
26.3 |
17 |
|
|
Subsidiary |
Sevilla |
Spain |
Real Estate Operations |
18.3 |
2 |
|
|
Subsidiary |
Asua-Erandio |
Spain |
Waste Management Services |
506.2 |
|
|
|
Subsidiary |
Sevilla |
Spain |
Construction Services |
302.5 |
482 |
|
|
Subsidiary |
Sevilla |
Spain |
Public Sector and Government |
9.7 |
3 |
|
|
Subsidiary |
Chennai, Tamil Nadu |
India |
Public Sector and Government |
19.5 |
|
|
|
Subsidiary |
Qingdao |
China |
Public Sector and Government |
|
|
|
|
Subsidiary |
Seville |
Spain |
Public Sector and Government |
|
|
|
|
Subsidiary |
Erandio, Vizcaya |
Spain |
Miscellaneous Fabricated Products |
302.1 |
214 |
|
|
Subsidiary |
Whitchurch |
United Kingdom |
Metal Mining |
17.2 |
44 |
|
|
Subsidiary |
Hannover, Niedersachsen |
Germany |
Waste Management Services |
47.5 |
110 |
|
|
Subsidiary |
Töging am Inn |
Germany |
Waste Management Services |
|
|
|
|
Subsidiary |
Freiberg, Sachsen |
Germany |
Waste Management Services |
66.2 |
91 |
|
|
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Waste Management Services |
6.3 |
77 |
|
|
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Engineering Consultants |
75.0 |
123 |
|
|
Subsidiary |
Erandio, Vizcaya |
Spain |
Metal Mining |
49.4 |
60 |
|
|
Subsidiary |
Alhama De Murcia, Murcia |
Spain |
Waste Management Services |
10.2 |
52 |
|
|
Subsidiary |
Duisburg, Nordrhein-Westfalen |
Germany |
Waste Management Services |
28.8 |
47 |
|
|
Subsidiary |
Abanto Y Ciervana, Vizcaya |
Spain |
Waste Management Services |
21.5 |
23 |
|
|
Subsidiary |
Cartagena, Murcia |
Spain |
Waste Management Services |
4.3 |
16 |
|
|
Subsidiary |
Erandio, Vizcaya |
Spain |
Waste Management Services |
165.9 |
5 |
|
|
Subsidiary |
Gravelines |
France |
Waste Management Services |
|
|
|
|
Subsidiary |
Argel |
Algeria |
Public Sector and Government |
|
|
|
|
Subsidiary |
MĂ©xico |
Mexico |
Public Sector and Government |
|
|
|
|
Subsidiary |
Lima |
Peru |
Waste Management Services |
|
|
|
|
Subsidiary |
Landskrona |
Sweden |
Waste Management Services |
|
|
|
|
Subsidiary |
Antofagasta |
Chile |
Public Sector and Government |
|
|
|
|
Subsidiary |
Madrid |
Spain |
Electric Utilities |
|
|
|
|
Subsidiary |
Almeria |
Spain |
Electric Utilities |
|
|
|
|
Subsidiary |
Madrid |
Spain |
Electric Utilities |
|
|
|
|
Subsidiary |
Sevilla |
Sweden |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Pirassununga, Sao Paulo |
Brazil |
Retail (Specialty) |
226.4 |
2,000 |
|
|
Subsidiary |
Babilafuente, Salamanca |
Spain |
Retail (Specialty) |
206.9 |
114 |
|
|
Subsidiary |
Curtis, La Coruña |
Spain |
Chemical Manufacturing |
220.4 |
86 |
|
|
Subsidiary |
Cartagena, Murcia |
Spain |
Chemical Manufacturing |
188.7 |
75 |
|
|
Subsidiary |
Mont |
France |
Chemical Manufacturing |
304.4 |
74 |
|
|
Subsidiary |
Sevilla |
Spain |
Retail (Specialty) |
17.2 |
40 |
|
|
Subsidiary |
Cartagena, Murcia |
Spain |
Retail (Specialty) |
352.2 |
20 |
|
|
Subsidiary |
Rotterdam |
Netherlands |
Consumer Financial Services |
|
|
|
|
Subsidiary |
SĂ£o-Paulo |
Brazil |
Retail (Specialty) |
|
|
|
|
Subsidiary |
SĂ£o Paulo |
Brazil |
Retail (Specialty) |
|
|
|
|
Subsidiary |
SĂ£o JoĂ£o da Boa Vista |
Brazil |
Retail (Specialty) |
|
|
|
|
Subsidiary |
San Roque |
Spain |
Retail (Specialty) |
|
|
|
|
Subsidiary |
La Coruña |
Spain |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Rotterdam |
Netherlands |
Retail (Specialty) |
|
|
Executive report
|
Board
of Directors |
|
|
|
|
|||
|
President, Member Of The Board |
Director/Board Member |
|
|||
|
Member Of The Board |
Director/Board Member |
|
|||
|
Consejero |
Director/Board Member |
|
|||
|
Member Of The Board, Non Consellor
Secretary |
Director/Board Member |
|
|
Executives |
|
|
|
|
|||
|
President, Member Of The Board |
President |
|
|||
|
Member Of The Board, Non Consellor
Secretary |
Administration Executive |
|
|||
|
Director Financiero |
Finance 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 |
292.3 |
165.5 |
181.6 |
|
Stock Reduction |
- |
13.9 |
1.4 |
|
Supplies |
239.3 |
105.4 |
145.3 |
|
Goods Consumption |
59.1 |
38.5 |
11.7 |
|
Consumption of Raw
Materials |
180.2 |
66.8 |
133.6 |
|
Staff Costs |
14.3 |
15.1 |
8.4 |
|
Wages and Salaries |
11.3 |
12.2 |
6.4 |
|
Social Security Costs |
3.0 |
2.9 |
2.0 |
|
Depreciation |
3.7 |
4.1 |
1.2 |
|
Allowance for Trade Operations |
- |
1.4 |
1.7 |
|
Stock Provision
Variation |
- |
1.1 |
- |
|
Losses from
Unrecovered Receivables |
- |
0.1 |
0.8 |
|
Variation of Other
Trade Provisions |
- |
0.2 |
0.9 |
|
Other Operating Charges |
30.0 |
23.5 |
14.8 |
|
External Services |
29.0 |
22.5 |
14.7 |
|
Taxes |
0.2 |
0.2 |
0.1 |
|
Other Operating
Expenses |
0.8 |
0.8 |
- |
|
Operating Benefits |
8.9 |
- |
4.7 |
|
Financials and Similar Charges |
3.2 |
3.1 |
8.0 |
|
Due to Liabilities
With Group Companies |
0.2 |
0.3 |
2.0 |
|
Due to Other
Liabilities |
1.3 |
2.8 |
2.8 |
|
Losses from Financial
Investments |
1.6 |
- |
3.2 |
|
Exchange Losses |
0.0 |
0.4 |
- |
|
Profit From Ordinary Activities |
6.3 |
- |
- |
|
Losses From Assets and Securities Portfolio |
- |
0.0 |
- |
|
Extraordinary Profit |
0.5 |
0.5 |
- |
|
Profit Before Taxes |
6.9 |
- |
- |
|
Corporation Tax |
1.9 |
-1.4 |
0.9 |
|
Financial Year Result (Profit) |
4.9 |
- |
- |
|
Income |
297.3 |
161.9 |
179.4 |
|
Net Total Sales |
287.6 |
156.0 |
175.6 |
|
Sales |
283.3 |
152.3 |
171.8 |
|
Rendering of Services |
4.3 |
3.7 |
3.8 |
|
Increase in Stocks |
6.1 |
- |
- |
|
Works Performed for Fixed Assets |
2.4 |
0.1 |
1.4 |
|
Miscellaneous Operating Income |
0.1 |
3.0 |
0.4 |
|
Auxiliary Income From
Current Management |
- |
1.7 |
0.0 |
|
Grants |
- |
0.0 |
0.3 |
|
Charges for Provisions |
0.1 |
1.3 |
- |
|
Operating Losses |
- |
4.2 |
- |
|
Income From Equity Investment |
0.6 |
0.6 |
- |
|
In Group Companies |
0.1 |
0.2 |
- |
|
Third Parties |
0.5 |
0.4 |
- |
|
Income From Miscellaneous Interests |
- |
1.6 |
1.9 |
|
From Group Companies |
- |
1.6 |
1.2 |
|
Miscellaneous
Interests |
- |
- |
0.7 |
|
Negative Financial Results |
2.6 |
1.3 |
6.0 |
|
Ordinary Activities' Losses |
- |
5.5 |
1.3 |
|
Profit on Disposal of Assets |
0.0 |
- |
- |
|
Capital Grants Transferred to Profit and Loss |
0.5 |
0.5 |
- |
|
Losses Before Taxes |
- |
5.0 |
1.3 |
|
Financial Year Result (Losses) |
- |
3.6 |
0.5 |
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 |
|
|
|
|
|
|
Goodwill |
45.1 |
48.2 |
18.1 |
|
Software |
0.1 |
0.2 |
- |
|
Total Intangible Fixed Assets |
45.2 |
48.3 |
18.1 |
|
Land and Construction |
33.5 |
35.1 |
7.4 |
|
Technical
Installations and Machinery |
14.2 |
14.3 |
3.0 |
|
Other Installations,
Tools, and Furniture |
1.1 |
1.1 |
0.2 |
|
Tangible Fixed Assets
Under Construction |
1.7 |
0.2 |
0.2 |
|
Other Tangible Assets |
0.4 |
0.4 |
0.1 |
|
Total Tangible Fixed Assets |
50.8 |
51.1 |
10.9 |
|
Investments in Group
Companies |
19.9 |
19.4 |
57.6 |
|
Receivables from Group
Companies |
0.8 |
0.9 |
0.6 |
|
Other Receivables |
- |
0.6 |
- |
|
Long-Term Guarantees
and Deposits |
0.0 |
- |
- |
|
Financial Investments |
20.8 |
20.9 |
58.2 |
|
Total Fixed Assets |
116.7 |
120.3 |
87.2 |
|
Goods for Resale |
- |
1.7 |
1.5 |
|
Raw Materials and
Other Consumables |
15.0 |
11.8 |
2.5 |
|
Goods in Process |
5.2 |
- |
6.6 |
|
Finished Products |
7.3 |
3.4 |
1.4 |
|
Payments on Account |
0.7 |
0.0 |
1.6 |
|
Total Stocks |
28.2 |
16.9 |
13.6 |
|
Trade Debtors |
12.4 |
15.4 |
5.6 |
|
Receivables, Group
Companies |
5.4 |
1.1 |
1.5 |
|
Other Debtors |
0.0 |
- |
- |
|
Staff |
0.1 |
0.0 |
0.0 |
|
Public Bodies |
1.0 |
19.8 |
12.2 |
|
Total Debtors |
18.8 |
36.4 |
19.4 |
|
Short-Term Securities
Portfolio |
33.5 |
- |
- |
|
Other Receivables |
- |
- |
16.2 |
|
Short-Term Guarantees
and Deposits |
- |
- |
0.0 |
|
Total Short-Term Investments |
33.5 |
- |
16.2 |
|
Cash |
17.1 |
5.7 |
17.1 |
|
Total Current Assets |
97.7 |
59.0 |
66.2 |
|
Total Assets |
214.4 |
179.3 |
153.4 |
|
Revaluation Reserves |
1.5 |
1.6 |
1.7 |
|
Legal Reserve |
3.5 |
3.8 |
3.7 |
|
Miscellaneous Reserves |
21.0 |
22.2 |
24.0 |
|
Total Reserves |
24.5 |
26.0 |
27.6 |
|
Prior Year Losses |
-21.2 |
-18.9 |
-17.9 |
|
Profit or Loss Brought Forward |
-21.2 |
-18.9 |
-17.9 |
|
Profit or Loss for the Financial Year |
5.0 |
-3.7 |
-0.4 |
|
Total Equity |
47.8 |
45.5 |
50.4 |
|
Capital Grants |
- |
0.1 |
- |
|
Total Deferred Income |
- |
0.1 |
- |
|
Provisions for Pension
Fund |
- |
0.9 |
- |
|
Total Provisions for Liabilities and Charges |
- |
0.9 |
- |
|
Loans and Other
Liabilities |
0.8 |
- |
- |
|
Long-Term Liabilities
from Capital Leases |
- |
0.4 |
- |
|
Total Amounts Owed to Credit Institutions |
0.8 |
0.4 |
- |
|
Other Creditors |
- |
4.2 |
5.8 |
|
Long-Term Payables to
Public Bodies |
- |
15.4 |
- |
|
Total Other Creditors |
- |
19.6 |
5.8 |
|
Total Long Term Liabilities |
0.8 |
20.0 |
5.8 |
|
Loans and Other
Liabilities |
5.0 |
- |
- |
|
Short-Term Liabilities
from Capital Leases |
- |
0.3 |
- |
|
Total Amounts Owed to Credit Institutions |
5.0 |
0.3 |
- |
|
Amounts Owed to Group
Companies |
34.6 |
29.2 |
48.0 |
|
Total Short-Term Amounts Owed to Group and
Associa |
34.6 |
29.2 |
48.0 |
|
Advanced Payments from
Customers |
8.5 |
11.0 |
7.7 |
|
Amounts Owed for
Purchases of Goods or Services |
114.2 |
61.5 |
40.1 |
|
Total Trade Creditors |
122.7 |
72.5 |
47.8 |
|
Public Bodies |
- |
- |
0.6 |
|
Miscellaneous Debts |
- |
0.7 |
0.3 |
|
Wages and Salaries Payable |
2.6 |
0.6 |
0.5 |
|
Total Other Creditors |
2.6 |
1.3 |
1.5 |
|
Total Short Term Creditors |
164.9 |
103.3 |
97.2 |
|
Short Term Provisions for Liabilities and Charges |
0.9 |
9.6 |
- |
|
Total Liabilities and Equity |
214.4 |
179.3 |
153.4 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.96 |
|
UK Pound |
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.46 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.