MIRA INFORM REPORT
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Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
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Name : |
HERBA RICEMILLS SL |
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Registered Office : |
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Country : |
Spain |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.01.1911 |
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Legal Form : |
Sole-partnered Limited Liability Company |
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Line of Business : |
Manufacture of grain mill products |
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No. of Employees : |
RATING & COMMENTS
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MIRAs 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 : |
Satisfactory |
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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
|
Country Name |
Previous Rating (31.03.2011) |
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
HERBA RICEMILLS SL
CIF/NIF: B83157024
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: HERBA RICEMILLS SL
Commercial name: SOS
Other names: YES
Current Address: CALLE REAL, 43
41920 SAN JUAN DE AZNALFARACHE SEVILLE
Branches: 13
Telephone number: 954589200 Fax: 954760260
URL: www.herba.es
Corporate e-mail: correo@herba.es
Trade Risk
Incidents: YES
Financial Information
Balance sheet latest sales (2011): 329.947.970,00
(Mercantile Register)
Result: 14.941.786
Total Assets: 322.482.596
Share capital: 10.000.000,00
Employees: 548
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 04/12/2001
Activity: Mfg. of other grain mill products
NACE 2009 CODE: 1061
International Operations: Imports and
Exports
Corporate Structure
President:
Parent Company:
Participations: 10
Other Complementary Information
Latest act published in BORME: 27/09/2012 Appointments
Latest press article: 15/03/2010 EL CORREO DE
ANDALUCIA (MARKET SHARE)
Bank Entities: There are
Financial situation
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Exercise:2011 |
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Immediate
liquidity |
Degraded |
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Indebtedness |
Slight |
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Profitability |
Good |
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Soundness |
Good |
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Performance
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Incidents |
None or Negligible |
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Business
Trajectory |
Excellent |
Rating Explanation
Financial situation
The companys financial situation is normal.
The sales evolution has been positive
not the results one, which has been negative.
The auditors opinion about the latest accounts has
been favourable.
Company Structure
The companys capitalization degree determines that
its structure is sound.
The companys size is big depending on
its sales volume.
The employees evolution has been positive.
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.
Accounts Filing
The company files regularly its accounts.
Reasons of the last outstanding calculation in the note
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DATE |
CHANGE |
RESULTING NOTE |
EVENT |
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30/11/2012 |
Reduction |
12 |
There has been a change in the formula version. |
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25/09/2012 |
Reduction |
15 |
New financial statements have been uploaded. |
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21/12/2011 |
Equal |
16 |
There has been a variation in the risk associated
to the activity sector of the company. |
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20/12/2011 |
Increase |
16 |
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: 3 ( Last:27/12/2010 , first:
27/12/2010 )
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With the Social Security: |
3 |
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With the Tax Authorities: |
0 |
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With Other Official bodies: |
0 |
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AFFECTED BY: No significant element.
Latest Administrative
Claims
figures expressed in
WITH THE SOCIAL SECURITY.
Notifications
|
DATE |
ORGANIZATION |
AMOUNT |
|
27/12/2010 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
444,79 |
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27/12/2010 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
1.500,12 |
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27/12/2010 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
1.619,38 |
FINANCIAL ELEMENTS AND SECTORIAL
COMPARATIVE
FINANCIAL ELEMENTS
Figures given in
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31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
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ASSETS |
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A) NON CURRENT ASSETS |
158.715.868,00 |
49,22 |
74.341.729,00 |
33,26 |
71.417.716,00 |
38,40 |
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B) CURRENT ASSETS |
163.766.728,00 |
50,78 |
149.176.269,00 |
66,74 |
114.572.140,00 |
61,60 |
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LIABILITIES |
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A) NET WORTH |
193.446.274,00 |
59,99 |
94.559.499,00 |
42,31 |
78.630.563,00 |
42,28 |
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B) NON CURRENT LIABILITIES |
3.114.940,00 |
0,97 |
1.500.468,00 |
0,67 |
1.788.558,00 |
0,96 |
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C) CURRENT LIABILITIES |
125.921.382,00 |
39,05 |
127.458.031,00 |
57,02 |
105.570.735,00 |
56,76 |
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Balance Sheet Comments
Total assets of the company grew in 44,28%
between 2.010 and 2.011.
This growth is a consequence of non current assets increase
in 113,49%.
This growth has been financed, on a wider scale, with a Net Worth
increase of 104,58% and in a smaller proportion with an debt increase
of 0,06%.
Total assets of the company grew in 20,18%
between 2.009 and 2.010.
This growth has been inferior in the case of the non current assets that
increased just in 4,09%.
This growth has been financed, on a wider scale, with a Net Worth
increase of 20,26% and in a smaller proportion with an debt increase
of 20,12%.
Profit and loss account analysis 
Figures given in
|
|
31/12/2011 (12) |
% NET TURNOVER |
31/12/2010 (12) |
% NET TURNOVER |
31/12/2009 (12) |
% NET TURNOVER |
|
SALES |
329.947.970,00 |
|
279.442.774,00 |
|
272.478.766,00 |
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GROSS MARGIN |
84.522.434,00 |
25,62 |
68.519.645,00 |
24,52 |
54.274.123,00 |
19,92 |
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EBITDA |
28.866.939,00 |
8,75 |
26.321.196,00 |
9,42 |
9.098.649,00 |
3,34 |
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EBIT |
22.943.388,00 |
6,95 |
20.798.105,00 |
7,44 |
2.777.681,00 |
1,02 |
|
NET RESULT |
14.941.786,00 |
4,53 |
16.443.662,00 |
5,88 |
948.743,00 |
0,35 |
|
EFFECTIVE TAX RATE (%) |
31,51 |
0,00 |
21,98 |
0,00 |
20,66 |
0,00 |
Profit and Loss Account Comments
The companys sales figure grew
in 18,07% between 2.010 and 2.011.
The companys EBIT grew
in 10,31% between 2.010 and 2.011.
This evolution implies a reduction in the companys economic
profitability .
The result of these variations is a decrease of the companys Operating
Profitability of 47,30% in the analysed period, being this
profitability of 8,68% in the year 2.011.
The Net Result of the company decreased
in 9,13% between 2.010 and 2.011.
The companys Financial Profitability has been negatively affected by
the financial activities in comparison with EBITs behaviour .
The result of these variations is a reduction of the companys economic
profitability of 49,93% in the analysed period, being equal
to 11,35% in the year 2.011 .
The companys sales figure grew
in 2,56% between 2.009 and 2.010.
The companys EBIT grew
in 648,76% between 2.009 and 2.010.
This evolution implies an increase in the companys economic
profitability .
The result of these variations is an increase of the companys Economic
Profitability of 180,58% in the analysed period, being equal
to 16,47% in the year 2.010.
The Net Result of the company grew
in 1.633,21% between 2.009 and 2.010.
The companys Financial Profitability has been positively affected by
the financial activities in comparison with EBITs behaviour .
The result of these variations is an increase of the companys Economic
Profitability of 1.353,21% in the analysed period, being equal
to 22,67% in the year 2.010 .
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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BALANCE SHEET ANALYSIS: % on the total
assets |
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ASSETS |
|||
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A) NON CURRENT ASSETS |
49,22 |
38,89 |
10,33 |
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A) CURRENT ASSETS |
50,78 |
61,11 |
-10,33 |
|
LIABILITIES |
|||
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A) NET WORTH |
59,99 |
42,72 |
17,27 |
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B) NON CURRENT LIABILITIES |
0,97 |
12,35 |
-11,38 |
|
C) CURRENT LIABILITIES |
39,05 |
44,93 |
-5,88 |
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
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SALES |
99,36 |
99,55 |
-0,19 |
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GROSS MARGIN |
25,45 |
23,78 |
1,67 |
|
EBITDA |
8,69 |
6,86 |
1,83 |
|
EBIT |
6,91 |
4,04 |
2,87 |
|
NET RESULT |
4,50 |
3,00 |
1,50 |
Sector Composition
Compared sector (NACE 2009): 1061
Number of companies: 7
Size (sales figure): > 40,000,000.00 Euros
Comments on the sectorial comparative
Compared to its sector the assets of the companies show a greater
proportion of non current assets. Specifically the difference with the sector
average is 10,33% .
In liabilities composition the company turns to on a wider scale to self
financing, being the proportion of Net Worth of 17,27% major. As a
consequence, external financing sources are less used by the company
( 17,27% less than the sector) .
The proportion that the sales mean to the companys total ordinary
income is 99,36% , an 0,19% lower than in the sector .
The companys EBIT was positive and was 6,91% with regard to
the total ordinary income, 2,87% superior to the one of the sector .
The companys capacity to generate operating income is superior to that
of the sector as its ratio EBIT/Sales is greater. (0,07 in comparison
with 0,04) .
The companys net result was positive and equal to 4,50% with
regard to the total ordinary income, 1,50% superior to the one of the
sector .
The financial results and the tax impact have had a negative impact on
the net result of the company with a worse behaviour that the one of the sector
.
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2011
Figures given in
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
14.941.786,00 |
Legal Reserve |
200.000,00 |
|
Carry over |
0,00 |
Goodwill reserve |
747.089,00 |
|
Voluntary reserves |
22.239.008,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
36.233.705,00 |
|
Total of Amounts to be distributed |
37.180.794,00 |
Dividends |
0,00 |
|
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Carry over and others |
0,00 |
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Compensation of previous exercises losses |
0,00 |
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Application total |
37.180.794,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors opinion: FAVOURABLE
Auditor: DELOITTE S.L.
Auditor emphasis:
Without affecting our audit opinion, we draw attention to what is stated in note 23 of the attached report in detail
the balances and transactions by
the Company with other companies Ebro
Foods Group to
which it belongs (see note 1).
Given the importance of these amounts,
any interpretation or analysis of
the accompanying financial statements should
be done considering the
circumstances.
Auditing fees: 81.958,00
Facts subsequent to the closing
Source: Annual financial report 2011
Subsequent to year end to society has
come to take the business to the subsidiary was
developing Herba Group SLU Nutrition passing,
from January 2012 the person of that
company to join the staff of Herba Ricemills.
SLU.
ADDRESSES
Current Legal Seat Address:
CALLE REAL, 43
41920 SAN JUAN DE AZNALFARACHE SEVILLE
Previous Seat Address:
PASEO CASTELLANA 20
28046 MADRID
Characteristics of the current address
Type of establishment: store
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA DE EUROPA |
11405 |
JEREZ DE LA FRONTERA |
Cαdiz |
|
CALLE LAGASCA, 88 |
28001 |
MADRID |
Madrid |
|
PLAZA DE SEVILLA |
41100 |
CORIA DEL RIO |
Seville |
|
AVENIDA LA RAZA |
41012 |
SEVILLA |
Seville |
|
CALLE MANUEL RIVERA, 43 |
41920 |
SAN JUAN DE AZNALFARACHE |
Seville |
|
AVENIDA RAFAEL BECA |
41140 |
ISLA MAYOR |
Seville |
|
LUGAR SECCION II MARISMAS, S/N |
41730 |
LAS CABEZAS DE SAN JUAN |
Seville |
|
CALLE DAMPOSTA, 13 |
43500 |
TORTOSA |
Tarragona |
|
CALLE DE VALENCIA, S/N |
43500 |
TORTOSA |
Tarragona |
|
CALLE DISSEMINATS, S/N |
43580 |
DELTEBRE |
Tarragona |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration board |
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Governing body : 7 members (latest change:
15/02/2011) Other Positions : 22 (latest change: 17/09/2012) Auditor : 1 (latest change: 09/09/2009) Operative Board Members : 3 (latest change: 14/04/2010) Non-current positions : 25 (latest change: 12/06/2012) |
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Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
HERNANDEZ CALLEJAS, FELIX |
23/04/2008 |
|
MANAGING DIRECTOR |
PEREZ ALVAREZ, MIGUEL ANGEL |
28/05/2009 |
|
MEMBER OF THE BOARD |
ALBENDEA SOLIS, PABLO |
15/02/2011 |
|
SECRETARY |
LOPEZ DE CARRIZOSA MORENO, FERNANDO |
28/05/2009 |
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Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
DELOITTE SL |
09/09/2009 |
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 677.082,00
|
POSITION |
NAME AND SURNAME |
|
General Manager |
HERNANDEZ CALLEJAS, FELIX |
|
Financial Manager |
FACES GARCIA, JESUS |
|
Commercial Director |
JURADO TORO, MANUEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
EBRO FOODS, SA |
A47412333 |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
EURODAIRY SL |
B61605580 |
100,00 |
OWN SOURCES |
25/06/2012 |
|
|
FORMALAC SL |
B18203422 |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
HERBA TRADING SL |
B18203356 |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
YOFRES SL |
B18203331 |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
VITASAN SL |
B18203414 |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
PRONATUR SL |
B18237826 |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
Company with rating inferior to 7
BUSINESS INFORMATION
Incorporation date: 04/12/2001
Establishment date: 01/01/1911
Founders Name: POR D.ANTONIO HERNANDEZ VILLAR.
Code: 1417200
Activity: Mfg. ofother grain mill products
NACE 2009 CODE: 1061
NACE 2009 Activity: Manufacture of grain mill products
Business: PRODUCTION
AND WHOLESALE AND
RETAIL, import, export and distribution
of rice of all kinds and ALL KINDS OF PRODUCTS
INTENDED FOR HUMAN OR ANIMAL.
Environmental information: YES (Page 85 -
86) Annual financial report 2011
Latest employees figure: 548 (2011)
% of fixed employees: 81,93%
% of temporary employees: 18,07%
% of men: 88,87%
% of women: 11,13%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
487 |
61 |
PURCHASES
Import Percentage: 18%
Imports from: U.E. Y OTROS PAISES
National Distribution: 82%
SALES
Export Percentage: 60%
Exports to: U.E., EE.UU Y OTROS PAISES
National Distribution: 40%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
EBRO FOODS SA |
NO |
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
EBRO FOODS SA |
NO |
El 94,06% de su cifra de negocio corresponde a
actividad arrocera.
El 5,67% de su cifra de negocio corresponde a otras
actividades.
El 0,27% de su cifra de negocio corresponde a
actividad pastas.
Professional and advertising services
Source: Annual financial report 2011
Professional services
expenses: 6.411.395,00
Advertising services expenses: 156.021,00
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
|
|
SEVILLA |
|
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
SEVILLA |
|
Discount facilities: 0
Credit policy: 2
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type:Credit policy Interest type: EURIBOR +
2.46% |
Granted limit:75.400.000,00 Used limit:24.167.571,00
Available limit:51.232.429,00
Source: Filed Accounts (2011) |
|
|
|
|
Debt type: Credit policy |
Granted limit:109.318.000,00 Used limit:14.827.000,00
Available limit:94.491.000,00
Source: Filed
Accounts (2011) |
|
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Grants
|
|
|
|
Body-entity: MINISTERIO DE ECOMONIA Grant type: Other grants
(grouped amounts or not classified) |
Nominal amount: 772.661,00 Amount received in the
exercise: 55.498,00 Amount pending collection:
0,00 Source: Filed
Accounts (2011) |
|
Operation description: incentivos regionales SE/056/P08 |
|
|
|
|
|
Body-entity: JUNTA DE ANDALUCIA Grant type: Other grants
(grouped amounts or not classified) |
Nominal amount: 1.612.394,00 Amount received in the
exercise: 114.982,00 Amount pending collection:
0,00 Source: Filed
Accounts (2011) |
|
Operation description: Manipulaciσn, transf. y comercializaciσn
de productos agrarios y alimentarios. |
|
|
|
|
|
Body-entity: JUNTA DE ANDALUCIA Grant type: Other grants
(grouped amounts or not classified) |
Nominal amount: 1.011.085,00 Amount received in the
exercise: 101.109,00 Amount pending collection:
129.755,00 Source: Filed
Accounts (2011) |
|
Operation description: Transf. y comercializaciσn de productos
agroalimentarios. |
|
|
|
|
Brand name: ARROZ SOS INTEGRAL TRADICIONAL SI ES SOS, ES
BUENO (Valid)
Type: JOINT Scope: NATIONAL Date: 04/10/2012
Brand name: ARROZ SOS ESPECIAL CALDOSOS Y MELOSOS SI ES SOS, ES
BUENO (Valid)
Type: JOINT Scope: NATIONAL Date: 03/10/2012
Brand name: ARROZ SOS ESPECIAL POSTRES SI ES SOS, ES
BUENO (Valid)
Type: JOINT Scope: NATIONAL Date: 03/10/2012
Brand name: ARROZ SOS ESPECIAL ENSALADAS Y GUARNICIONES SI ES SOS,
ES BUENO (Valid)
Type: JOINT Scope: NATIONAL Date: 03/10/2012
Brand name: SOS LISTO EXTRA (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 05/11/2009
LEGAL STRUCTURE
Constitution Data
Register Date: 04/12/2001
Register town: Madrid
Announcement number: 13995
Share capital: 3.006
Legal form: Sole-partnered Limited Liability Company
Share capital: 10.000.000,00
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 54 (Last: 27/09/2012, first:
10/01/2002)
Acts on capital: 2 (Last: 29/11/2011, first: 26/09/2003)
Acts on creation: 1 (Last: 10/01/2002)
Acts on filed accounts: 10 (Last: 21/12/2011, first:
21/08/2002)
Acts on identification: 2 (Last: 20/07/2006, first:
27/01/2006)
Acts on Information: 11 (Last: 14/12/2011, first:
04/12/2002)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
27/09/2012 |
397356 |
Seville |
|
Re-elections |
26/09/2012 |
395115 |
Seville |
|
Appointments |
30/07/2012 |
320101 |
Seville |
|
Resignations |
27/06/2012 |
271948 |
Seville |
|
Annual Filed Accounts (2010) |
21/12/2011 |
991962 |
Seville |
|
Appointments |
14/12/2011 |
497003 |
Seville |
|
Modification of the Articles of Association |
14/12/2011 |
497002 |
Seville |
|
Modification of the Articles of Association |
29/11/2011 |
477810 |
Seville |
|
Capital enlargement (IA) |
29/11/2011 |
477810 |
Seville |
|
Resignations |
14/09/2011 |
371352 |
Seville |
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 1 (Last: 03/03/2008)
Financial Information: 0
Negative information: 0
Business lines: 1 (Last: 15/03/2010)
Historical press releases: 8 (Last: 05/06/2006, first:
26/06/2002)
Latest press article published
15/03/2010 EL CORREO DE ANDALUCIA - MARKET SHARE
EBRO PULEVA, and specifically its rice division, Herba Ricemills markets the 58.3% of
the national quota, a percentage that can be seen
WIDELY increased in the future if it manages to capture the rice division of the group SOS, which aims precisely GET RID OF THIS AND
ALL BUSINESS THAN
VEGETABLE OILS. IN PARTICULAR, this acquisition would enable win ALMOST
70% of the traded volume SPANISH
COMPANIES BY SECTOR AS SOS has a share
that exceeds 11%. ALSO, THE SEVEN MAJOR
MEET THE PACKAGING
90% of the total market and export SPANISH is
dominated by HERBA, with 70%.
03/03/2008 EL CORREO DE ANDALUCIA - GENERAL
INFORMATION
RICE BRANCH EBRO PULEVA,
HERBA, based in San Juan de Aznalfarache, addressed the 2006 MARKETS EASTERN
EUROPE AND RECENTLY HAS CLOSED CIRCLE
OF INFLUENCE IN THE
AREA WITH OPENING sales offices in Romania and Ukraine,
joining For those of Poland, Czech Republic and Hungary. HERBA RICE IS THE FIRST INTERNATIONAL
PRESENCE WITH INDUSTRIAL
AND COMMERCIAL twenty
countries. RICE GROUP DIVISION LAST YEAR ARROJO
sales of 771.13 MM.
EUROS, after growing by 10.7% over 2006.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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
SCs 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.