MIRA
INFORM REPORT
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Report Date : |
31.10.2012 |
IDENTIFICATION DETAILS
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Name : |
EUROZOULIKA DISTRIBUCIONES SL |
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Registered Office : |
C/ General Astilleros, 46 - Local 1., |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2007 |
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Com. Reg. No.: |
B52018454 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Non-specialised wholesale of food, beverages and tobacco |
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No. of Employees : |
Not Available |
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 : |
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 – June 30th, 2012
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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.
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Source : CIA |
Company name & address
Eurozoulika Distribuciones Sl
C/ General Astilleros, 46 - Local 1.
Melilla, 52006
Spain
Tel: +(34) 952694334
Synthesis
Employees: NA
Company Type: Private Independent
Incorporation Date: 2007
Financials in: USD
(Millions)
Fiscal Year End:
29-Dec-2011
Reporting Currency: Euro
Annual Sales: 18.9
1
Net Income: 0.2
Total Assets: 3.9
Business Description
Non-specialised wholesale of food, beverages and tobacco
Industry
Industry Food Processing
ANZSIC 2006: 3609 - Other
Grocery Wholesaling
NACE 2002: 5139 -
Non-specialised wholesale of food, beverages and tobacco
NAICS 2002: 424490 - Other
Grocery and Related Products Merchant Wholesalers
UK SIC 2003: 5139 -
Non-specialised wholesale of food, beverages and tobacco
UK SIC 2007: 4639 -
Non-specialised wholesale of food, beverages and tobacco
US SIC 1987: 5149 - Groceries
and Related Products, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Siham Ismael Dris |
Single Partner |
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Dris Siham Ismael |
Administrator |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191171
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7743235
Corporate Overview
Location
C/ General Astilleros, 46 - Local 1.
Melilla, 52006
Spain
Tel: +(34) 952694334
Sales EUR(mil): 13.6
Assets EUR(mil): 3.0
Employees: NA
Fiscal Year End: 29-Dec-2011
Industry: Food
Processing
Incorporation Date: 2007
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ESP): B52018454
Single Partner: Siham
Ismael Dris
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3609 - Other Grocery Wholesaling
NACE 2002 Codes:
5139 - Non-specialised wholesale of food, beverages and tobacco
NAICS 2002 Codes:
424490 - Other Grocery and Related Products Merchant Wholesalers
US SIC 1987:
5149 - Groceries and Related Products, Not Elsewhere Classified
UK SIC 2003:
5139 - Non-specialised wholesale of food, beverages and tobacco
UK SIC 2007:
4639 - Non-specialised wholesale of food, beverages and tobacco
Business
Description
Non-specialised wholesale of food, beverages and tobacco
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Executive report
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Board
of Directors |
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Administrator |
Director/Board Member |
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Executives |
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Administrator |
Administration Executive |
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Single Partner |
Partner |
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 |
17.8 |
14.1 |
6.8 |
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Staff Costs |
0.1 |
0.0 |
0.0 |
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Social
Security Costs |
0.1 |
0.0 |
0.0 |
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Depreciation |
- |
0.0 |
0.0 |
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Other Operating
Charges |
0.2 |
0.2 |
0.1 |
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Operating
Benefits |
0.3 |
0.2 |
0.2 |
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Financials and
Similar Charges |
0.0 |
- |
- |
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Due
to Other Liabilities |
0.0 |
- |
- |
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Losses
from Financial Investments |
0.0 |
- |
- |
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Net Financial
Income |
- |
0.0 |
- |
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Profit From
Ordinary Activities |
0.3 |
0.2 |
0.2 |
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Extraordinary
Expenses |
0.0 |
0.0 |
- |
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Profit Before
Taxes |
0.3 |
0.2 |
0.2 |
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Corporation Tax |
0.0 |
0.0 |
0.0 |
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Financial Year
Result (Profit) |
0.2 |
0.2 |
0.2 |
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Income |
18.0 |
14.3 |
6.9 |
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Net Total Sales |
18.0 |
14.3 |
6.9 |
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Negative
Financial Results |
0.0 |
- |
0.0 |
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Negative
Extraordinary Results |
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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Total Tangible
Fixed Assets |
1.0 |
0.1 |
0.1 |
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Total Fixed Assets |
1.0 |
0.1 |
0.1 |
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Total Stocks |
2.7 |
1.7 |
2.3 |
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Total Debtors |
0.0 |
- |
- |
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Total Short-Term
Investments |
0.2 |
0.0 |
0.0 |
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Cash |
0.2 |
0.3 |
0.2 |
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Total Current Assets |
3.1 |
2.0 |
2.5 |
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Total Assets |
4.1 |
2.1 |
2.7 |
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Profit or Loss
Brought Forward |
0.4 |
0.2 |
0.0 |
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Profit or Loss for
the Financial Year |
0.2 |
0.2 |
0.2 |
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Total Equity |
0.6 |
0.4 |
0.2 |
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Total Long Term Liabilities |
0.6 |
- |
- |
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Total Short Term Creditors |
2.9 |
1.8 |
2.5 |
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Total
Liabilities and Equity |
4.1 |
2.1 |
2.7 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.17 |
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UK Pound |
1 |
Rs.86.83 |
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Euro |
1 |
Rs.69.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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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.