MIRA
INFORM REPORT
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Report Date : |
25.10.2012 |
IDENTIFICATION DETAILS
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Name : |
MAGNUM COMMODITIES SL |
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Registered Office : |
Paseo Del Club Deportivo (Ed 15a), 1 - 1ª
Plta, 28223 Pozuelo De Alarcon Madrid |
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Country : |
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Date of Incorporation : |
01.01.2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of iron & steel |
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No. of Employees : |
14 (2012) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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
MAGNUM COMMODITIES SL
CIF/NIF: B86118015
Company situation: Active
Answer to the data
in your request
The correct registered name is the one indicated in this report (MAGNUM COMMODITIES SL) and not the one mentioned in your request (MAGNUM COMMODITIES SLU).
Other Complementary Information
The manager of the subject is Antonio Boluda.
Telephone number
The phone number (917376252) and the fax number (917376253) provided are correct.
Banks
The bank entity indicated in your request (Caixabank) is correct.
Cif / Nif
The Company is not registered as IVA (Added Value Tax) operator in the database of the Tax Office.
Concerning your request, The company was incorporated in 2011. No official balance sheets are available for 2011 in the Mercantile Register.
EXECUTIVE SUMMARY
Identification
Current Business Name: MAGNUM COMMODITIES SL
Other names: NO
Current Address: PASEO DEL CLUB DEPORTIVO (ED
15A), 1 - 1ª PLTA
28223 POZUELO DE ALARCON MADRID
Telephone number: 917376252 Fax: 917376253
URL: www.magnumcommodities.com
Corporate e-mail: info@magnumcommodities.com
Trade Risk
Incidents: NO
R.A.I.: NO
Financial Information
Balance sheet latest sales : The subject, for its
recent constitution, has not yet presented any Annual Filings at the Mercantile
Register.
Share capital: 3.200,00 €
Employees: 14
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 01/01/2011
Activity: Wholesale of iron & steel
NACE 2009 CODE: 4672
International Operations: Imports and Exports
Corporate Structure
Sole Administrator:
Parent Company:
Participations: 1
Other Complementary Information
Latest act published in BORME: 15/03/2011 Appointments
Latest press article: No press articles registered for this
company
Bank Entities: There are
The date when this report was last updated is 22/10/2012.
The information contained in this report has been investigated and
contrasted on 22/10/2012
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Good |
Rating Explanation
Company Structure
•
The company’s capitalization degree determines that
its structure is weak.
Performance and Incidences
•
The available information indicates that the
company does not have payment 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.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
17/10/2012 16:10:35
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
company ADDRESSES
Current Legal Seat Address:
PASEO DEL CLUB DEPORTIVO (ED 15A), 1 - 1ª PLTA
28223 POZUELO
DE ALARCON MADRID
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
Governing body : 1 member (latest change:
15/03/2011)
Operative Board Members : 1 (latest change: 22/10/2012)
Non-current positions : 1 (latest change: 15/03/2011)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
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SOLE ADMINISTRATOR |
BOLUDA WRIGHT, KELLY MARIA |
15/03/2011 |
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There are 1 board members, directors and auditors registered
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POSITION |
NAME AND SURNAME |
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Manager |
BOLUDA, ANTONIO |
FINANCIAL LINKS
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
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MAGNUM EINAR CENTURION SL |
B85665487 |
100,00 |
OWN SOURCES |
22/10/2012 |
There are 1 direct financial links through shareholders
registered
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
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MAGNUM PACKAGING SL |
B86164837 |
100,00 |
B.O.R.M.E. |
25/03/2011 |
There are 1 direct financial links through participations
registered
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”KELLY MARIA BOLUDA WRIGHT”
|
COMPANY |
POSITION |
PROVINCE |
|
BLACK EINAR SL |
Administrador Único |
MADRID |
|
EMIRA PACIFIC SL |
Administrador Único |
MADRID |
|
EMIRA BLACKEINAR SL. |
Administrador Único |
MADRID |
|
AB WORLDWIDE CORPORATION SL |
Administrador Único |
MADRID |
|
MAGNUM EINAR CENTURION SL |
Administrador Único |
MADRID |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”MAGNUM COMMODITIES SL”
URL: www.boe.es
BORME-A-2011-59-28 - Boe 25 Mar 2011 ... Socio único: MAGNUM
COMMODITIES SL. Nombramientos. Adm. Unico: BOLUDA WRIGHT. KELLY MARIA. Datos
registrales. T 28599 , F 198 ...
URL: www.boe.es
BORME-A-2011-21-28 - Boe 1 Feb 2011 ... 42430 - MAGNUM COMMODITIES
SL. Constitución. Comienzo de operaciones: 1.01.11. Objeto social: FABRICACION,
IMPORTACION, ...
URL: www.alibaba.com
Spain Commodity Traders - Alibaba.com 107 Products ... MAGNUM COMMODITIES
Contact Details Spain. Business Type: Trading ... Contact Supplier. GENERALES
HOLDINGS S.L Contact Details Spain ...
BUSINESS
INFORMATION
Incorporation date: 01/01/2011
Establishment date: 01/01/2011
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Wholesale of iron & steel
NACE 2009 CODE: 4672
NACE 2009 Activity: Wholesale of metals and metal ores
Business: FABRICACION, IMPORTACION, EXPORTACION, DISTRIBUCION
Y SUMINISTROS DE TODA CLASE DE ACERO, METALES, ENVASES METALICOS..
Activity description: Mayorista de metales.
Latest employees figure: 14 (2012)
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ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
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CAIXABANK, S.A. |
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There are 1 bank entities registered
LEGAL STRUCTURE
Constitution Data
Register Date: 01/01/2011
Register town: Madrid
Announcement number: 42430
Register data:
Volume 28433, Folio 167, Section 8, Sheet 511964,
Inscription I/A 1 (2011-01-20)
Legal form: LIMITED LIABILITY COMPANY
Share capital: 3.200 €
Legal form: Limited Liability Company
Share capital: 3.200,00 €
Obligation to fill in Financial Statements: YES
Chamber census: NO
B.O.R.M.E.
(OFFICIAL GAZETTE OF
THE MERCANTILE REGISTER)
· Acts on activity: 0
Acts on administrators: 3 (Last: 15/03/2011, first: 01/02/2011)
Acts on capital: 0
Acts on creation: 1 (Last: 01/02/2011)
Acts on filed accounts: 0
Acts on identification: 0
Acts on Information: 1 (Last: 01/02/2011)
Latest acts in
B.O.R.M.E.
Other acts
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ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
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Appointments |
15/03/2011 |
117093 |
Madrid |
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Resignations |
15/03/2011 |
117093 |
Madrid |
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Appointments |
01/02/2011 |
42430 |
Madrid |
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Declaration of individual ownership |
01/02/2011 |
42430 |
Madrid |
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Constitution |
01/02/2011 |
42430 |
Madrid |
There are 5 acts registered
Press articles
No press articles registered for this company
FINANCIAL INFORMATION
MODEL BALANCE
SHEET
As it has not been possible to obtain financial information of the
requested company we do hereby detail a model balance sheet of the same sector
with the characteristics of the company.
Assets
Figures given in €
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A) DUE FROM SHAREHOLDERS FOR UNCALLED CAPITAL |
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B) FIXED ASSETS |
2.780,83 |
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I. Incorporation costs |
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II. Intangible fixed assets |
1.138,24 |
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III. Tangible fixed assets |
1.642,59 |
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IV. Financial fixed assets |
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V. Own Shares |
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VI. Long term trade liabilities |
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C) DEFERRED EXPENSES |
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D) CURRENT ASSETS |
94.439,18 |
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I. Shareholders by required outlays |
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II. Stocks |
16.245,66 |
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III. Debtors |
71.060,60 |
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IV. Temporary financial investment |
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V. Short-term own shares |
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VI. Treasury |
7.132,92 |
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VII. Periodification adjustments |
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TOTAL ASSETS (A + B + C + D) |
97.220,01 |
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Source or application Excess |
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Liabilities
Figures given in €
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A) EQUITY |
37.749,06 |
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I. Issued Capital |
6.010,12 |
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II. Issue premium |
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III. Revaluation reserve |
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IV. Reserves |
27.522,91 |
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Capital adjustments in Euros |
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Sundry reserves |
27.522,91 |
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V. Results from previous years |
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VI. Profit and Losses |
4.216,03 |
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VII. Dividend paid during the year |
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VIII. Own shares for capital reduction |
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B) DEFERRED INCOME |
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C) PROVISIONS FOR LIABILITIES AND EXPENSES |
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D) LONG TERM LIABILITIES |
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E) SHORT TERM LIABILITIES |
59.470,95 |
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F) SHORT TERM PROVISIONS FOR LIABILITIES AND EXPENSES |
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LIABILITIES (A + B + C + D + E + F) |
97.220,01 |
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Change of Working Capital |
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Items of the
Profit and Loss Account
Figures given in €
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A) EXPENSES (A.1 a A.15) |
174.508,43 |
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A.1. Operating costs |
121.062,65 |
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A.2. Labour cost |
19.703,28 |
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Wages |
16.893,60 |
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Social security expenses |
2.809,68 |
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A.3. Assets Amortization |
6.442,11 |
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A.4. Variation in provision for current assets and bad debt losses |
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A.5. Other operating costs |
22.737,94 |
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A.I. OPERATING RESULT (B.1-A.1-A.2-A.3-A.4-A.5) |
8.778,45 |
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A.6. Financial expenses and similar |
2.621,06 |
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Debts with related companies |
1.849,53 |
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Debts with associated companies |
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Other companies debts |
771,53 |
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Losses from financial investments |
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A.7. Variation in financial investment provision |
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A.8. Negative change difference |
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A.II. POSITIVE FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8) |
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A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II) |
6.157,42 |
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A.9. Variation in provision in fixed assets |
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A.10. Losses in fixed assets |
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A.11. Losses from own shares and bonds |
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A.12. Extraordinary charges |
134,52 |
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A.13. Other exercises’ expenses and losses |
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A.IV. POSITIVE EXTRAORDINARY RESULT
(B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13) |
|
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A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
6.022,90 |
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A.14. Corporate Taxes |
1.806,87 |
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A.15. Other taxes |
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A.VI. EXERCISE RESULT (PROFIT) (A.V-A.14-A.15) |
4.216,03 |
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B) INCOMES (B.1 to B.8) |
178.724,46 |
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B.1. Operating income |
178.724,43 |
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Net Turnover |
178.724,43 |
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Other operating income |
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B.I. OPERATING LOSSES (A.1+A.2+A.3+A.4+A.5-B.1) |
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B.2. Financial Income |
0,03 |
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From affiliated companies |
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From associated companies |
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Other |
0,03 |
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Gains from investments |
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B.3. Positive change difference |
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B.II. NEGATIVE FINANCIAL RESULTS (A.6+A.7+A.8-B.2-B.3) |
2.621,03 |
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B.III. LOSSES FROM ORDINARY ACTIVITIES (B.I+B.II-A.I-A.II) |
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B.4. B.9. Gains from disposal of fixed assets |
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B.5. Gains from dealing in own shares |
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B.6. Paid in surplus |
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B.7. Extraordinary income |
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B.8. Other year’s income and profits |
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B.IV. NEGATIVE EXTRAORDINARY LOSSES
(A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8) |
134,52 |
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B.V. LOSS BEFORE TAXES (B.III+B.IV-A.III-A.IV) |
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B.VI. EXERCISE RESULTS (LOSS) (B.V+A.14+A.15) |
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ADDITIONAL INFORMATION
Consulted Sources
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
La titular
This company has been consulted was last displayed on 12/09/2012,
1 times in the last quarter and 24 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.59 |
|
UK Pound |
1 |
Rs.85.81 |
|
Euro |
1 |
Rs.69.91 |
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.