MIRA
INFORM REPORT
|
Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAT
PALMOLIVA N 4954 |
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|
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Registered Office : |
Poligono Industrial
Matache (Cr Ecija Km 1), Parc. 4 - 7 14700 Palma
Del Rio Córdoba |
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Country : |
Spain |
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Date of Incorporation : |
24.10.1983 |
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Legal Form : |
Cooperative |
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Line of Business : |
Manufacture of fruit and vegetable juice |
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No. of Employees : |
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 |
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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) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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
SAT PALMOLIVA N 4954
CIF/NIF: F14053334
Company situation: Active
Answer to the data in your
request
The data of your request have been confirmed and are
correct.
In spite of investigations using every source available
(public and private), no additional details than those contained in this report
are available.
Dedicated to the production of olives and pickle products.
Other Complementary Information
Taking into account the structure and business volume of the
subject ab annual sales volume around 2.000.000 euros is estimated.
Financial Information
This type of company is not obliged to file their balance
sheet in the Official Mercantile Register.
Banks
Bank sources inform that the subject maintains since for
years a correct operative, offering a favourable opinion based on their
experience.
EXECUTIVE SUMMARY
Identification
Current Business Name: SAT PALMOLIVA
N 4954
Other names: NO
Current Address: POLIGONO INDUSTRIAL
MATACHE (CR ECIJA KM 1), PARC. 4 - 7
Telephone number: 957645477 Fax: 957645938
URL: www.palmoliva.es
Corporate e-mail: maricarmen@palmoliva.net
Financial Information
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: 11
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 24/10/1983
Activity: Mfg. of fruit
& vegetable juice
NACE 2009 CODE: 1032
International Operations: Exports
Corporate Structure
Governing Board President:
NIETO CUEVAS, MARIA DEL CARMEN
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.
Bank Entities: There are
The date when this report was last updated is 15/02/2013.
The information contained in this report has been
investigated and contrasted on 23/11/2012
Rating Explanation
Company Structure
The company’s capitalization degree determines that its
structure is normal.
Performance and Incidences
The available information indicates that the company does
not have payment incidences.
He have detected recent legal actions or claims from the
Administration against this company.
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 |
Equal |
9 |
There has been a change in the formula version. |
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20/11/2012 |
Reduction |
9 |
Variation in the rating system with regards to legal
incidences information. |
|
09/01/2012 |
Increase |
11 |
There has been a variation in the affected parties of the company’s
non-payments information. |
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02/01/2012 |
Reduction |
10 |
There has been a variation in the affected parties of the
company’s non-payments information. |
|
17/10/2011 |
Equal |
11 |
There has been a variation in the affected parties of the company’s
non-payments information. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: 1
( Last:29/10/2012 )
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With the Social Security: |
1 |
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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.
Enforcement
|
DATE |
ORGANIZATION |
AMOUNT |
|
29/10/2012 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION
PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
14.522,94 |
There are 1 administrative claims with the Social
Security registered
Detail of the Latest
Administrative Claims
figures expressed in €
Enforcement
WITH THE SOCIAL SECURITY.
Phase: ENFORCEMENT
Organization: CENTRAL TREASURY FOR SOCIAL
SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL
Concept: Share
Date of the claim: 29/10/2012
Period: 0312 0312
Source: Published in the Social Security Edicts
and Announcements Board, on 30/10/2012, page 4
Amount: 14.522,94
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
11/02/2013 13:02:03
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.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
For its legal form the subject has no obligation to present
its financial Mercantile Register.
ADDRESSES
Current Legal Seat Address:
POLIGONO INDUSTRIAL MATACHE (CR ECIJA KM 1), PARC.
4 - 7
14700 PALMA DEL RIO CÓRDOBA
Previous Seat Address:
CALLE ACEBUCHE 1
14700 PALMA DEL RIO CÓRDOBA
Characteristics of the current
address
Type of establishment: store
Owners: owned; with no official
confirmation
Local Situation: secondary
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration board |
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Governing body : 2 members (latest
change: 15/12/2010) Operative Board Members : 1 (latest
change: 23/11/2012) |
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Main Board members, Directors and Auditor 
Governing body
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POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
GOVERNING BOARD PRESIDENT |
NIETO CUEVAS, MARIA DEL CARMEN |
15/12/2010 |
|
GOVERNING BOARD SECRETARY |
NIETO CUEVAS, ESTER |
15/12/2010 |
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There are 2 board members, directors and auditors
registered
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POSITION |
NAME AND SURNAME |
|
Manager |
NIETO CUEVAS, MARIA DEL CARMEN |
FINANCIAL LINKS
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
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CUEVAS CABALLERO CARMEN |
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Indef. |
OWN SOURCES |
23/11/2012 |
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NIETO CUEVAS ESTER |
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Indef. |
OWN SOURCES |
23/11/2012 |
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SANCHEZ JIMENEZ FRANCISCO |
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Indef. |
OWN SOURCES |
23/11/2012 |
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NIETO CUEVAS MARIA DEL CARMEN |
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Indef. |
OWN SOURCES |
23/11/2012 |
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NIETO GOMEZ TEODOMIRO |
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Indef. |
OWN SOURCES |
23/11/2012 |
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CABRERA PAVON JOSE MIGUEL |
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Indef. |
OWN SOURCES |
23/11/2012 |
There are 6 direct financial links through
shareholders registered
BUSINESS INFORMATION
Incorporation date: 24/10/1983
Establishment date: 01/01/1960
Founder’s Name: TEODOMIRO NIETO GÓMEZ Y CARMEN
CUEVAS CABALLERO.
Code: 1415000
Activity: Mfg. of fruit & vegetable
juice
NACE 2009 CODE: 1032
NACE 2009 Activity: Manufacture of fruit and
vegetable juice
Activity description: Elaboración
de aceitunas de mesa y encurtidos de calidad.
Latest employees figure: 11 (2012)
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
4920 |
FERIA, 38 |
PALMA DEL RIO |
Córdoba |
|
UNICAJA BANCO, S.A. |
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|
PALMA DEL RIO |
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CAIXABANK, S.A. |
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PALMA DEL RIO |
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KUTXABANK, S.A |
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PALMA DEL RIO |
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There are 4 bank entities registered
LEGAL STRUCTURE
Constitution Data
Register Date: 24/10/1983
Legal form: Cooperative
Share capital: It does not proceed to provide
this kind of information due to the legal form of the subject
Obligation to fill in Financial Statements: NO
Chamber census: YES (2011)
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
Financial links: shareholders
Empresa familiar.
Other Complementary Information
Marca propia de aceitunas PALMOLIVA.
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 |
80.723,59 |
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I. Incorporation costs |
667,50 |
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II. Intangible fixed assets |
15.516,99 |
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III. Tangible fixed assets |
64.539,10 |
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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 |
2.881,17 |
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D) CURRENT ASSETS |
96.459,86 |
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I. Shareholders by required outlays |
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II. Stocks |
56.109,07 |
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III. Debtors |
28.691,69 |
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IV. Temporary financial investment |
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V. Short-term own shares |
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VI. Treasury |
11.659,10 |
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VII. Periodification adjustments |
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TOTAL ASSETS (A + B + C + D) |
180.064,62 |
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Source or application Excess |
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Liabilities
Figures given in €
|
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A) EQUITY |
-5.549,65 |
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I. Issued Capital |
3.005,07 |
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II. Issue premium |
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III. Revaluation reserve |
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IV. Reserves |
2.306,81 |
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Capital adjustments in Euros |
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Sundry reserves |
2.306,81 |
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V. Results from previous years |
-11.521,22 |
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VI. Profit and Losses |
659,69 |
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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 |
61.526,95 |
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E) SHORT TERM LIABILITIES |
124.087,32 |
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F) SHORT TERM PROVISIONS FOR LIABILITIES AND EXPENSES |
|
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LIABILITIES (A + B + C + D + E + F) |
180.064,62 |
|
Change of Working Capital |
|
Items of the Profit and Loss Account
Figures given in €
|
|
|
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A) EXPENSES (A.1 a A.15) |
151.170,37 |
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A.1. Operating costs |
47.575,35 |
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A.2. Labour cost |
46.712,54 |
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Wages |
38.440,34 |
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Social security expenses |
8.272,20 |
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A.3. Assets Amortization |
15.926,58 |
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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 |
39.504,60 |
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A.I. OPERATING RESULT (B.1-A.1-A.2-A.3-A.4-A.5) |
2.091,18 |
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A.6. Financial expenses and similar |
1.168,57 |
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Debts with related companies |
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Debts with associated companies |
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Other companies debts |
1.168,57 |
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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) |
942,42 |
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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 |
|
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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) |
|
|
A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
942,42 |
|
A.14. Corporate Taxes |
282,73 |
|
A.15. Other taxes |
|
|
A.VI. EXERCISE RESULT (PROFIT) (A.V-A.14-A.15) |
659,69 |
|
B) INCOMES (B.1 to B.8) |
151.830,06 |
|
B.1. Operating income |
151.810,25 |
|
Net Turnover |
151.537,89 |
|
Other operating income |
272,36 |
|
B.I. OPERATING LOSSES (A.1+A.2+A.3+A.4+A.5-B.1) |
|
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B.2. Financial Income |
19,81 |
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From affiliated companies |
|
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From associated companies |
|
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Other |
19,81 |
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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) |
1.148,76 |
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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) |
|
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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) |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.