MIRA
INFORM REPORT
|
Report Date : |
13.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANCORA 7 SA
|
|
|
|
|
Registered Office : |
Rbla Catalunya 53 55, Barcelona, 08007 |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishments: |
1988 |
|
|
|
|
Com. Reg. No.: |
A58555103 |
|
|
|
|
Legal Form : |
Public Independent Company |
|
|
|
|
Line of Business : |
Wholesaler of other food, including fish, crustaceans and molluscs |
|
|
|
|
No. of Employees : |
04 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
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 0.3% in 2010;
GDP expanded 0.4% in 2011, before contracting 1.4% in 2012. The economy has
once again fallen into recession as deleveraging in the private sector, fiscal
consolidation, and continued high unemployment weigh on domestic demand and
investment, even as exports have shown signs of resiliency. The unemployment
rate rose from a low of about 8% in 2007 to 26.0% in 2012. The economic
downturn has also hurt Spain's public finances. The government budget deficit
peaked at 11.2% of GDP in 2010 and the process to reduce this imbalance has
been slow despite the central government's efforts to raise new tax revenue and
cut spending. Spain reduced its budget deficit to 9.4% of GDP in 2011, and
roughly 7.4% of GDP in 2012, above the 6.3% target negotiated between Spain and
the EU. Although Spain's large budget deficit and poor economic growth
prospects remain a source of concern for foreign investors, the government's
ongoing efforts to cut spending and introduce flexibility into the labor
markets are intended to assuage these concerns. The government is also taking
steps to shore up the banking system, namely by using up to $130 billion in EU
funds to recapitalize struggling banks exposed to the collapsed domestic
construction and real estate sectors.
|
Source : CIA |
Company name & address
Ancora 7 Sa
Rbla Catalunya 53 55
Barcelona, 08007
Spain
Tel: +(34) 934882129
Fax: +(34) 934877212
Synthesis
Employees: 4
Company Type: Public Independent
Incorporation Date: 1988
Auditor: Odos Auditores Sl
Financials in: USD
(Millions)
Fiscal Year End:
09-Oct-2012
Reporting Currency: Euro
Annual Sales: 17.2 1
Net Income: 0.0
Total Assets: 5.3
Business Description
Wholesale of other food, including fish, crustaceans and molluscs
Industry
Industry Retail (Grocery)
ANZSIC 2006: 360 - Grocery,
Liquor and Tobacco Product Wholesaling
NACE 2002: 5138 - Wholesale
of other food including fish, crustaceans and molluscs
NAICS 2002: 424460 - Fish and
Seafood Merchant Wholesalers
UK SIC 2003: 5138 - Wholesale
of other food including fish, crustaceans and molluscs
UK SIC 2007: 4638 - Wholesale
of other food, including fish, crustaceans and molluscs
US SIC 1987: 514 - Groceries
and Related Products
Key Executives
|
Name |
Title |
|
Roxas Ignacio Colodron Gomez |
Joint Manager |
|
Concepcion Muñoz Sanchez |
Joint Manager |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7715309
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7706771
Corporate Overview
Location
Rbla Catalunya 53 55
Barcelona, 08007
Spain
Tel: +(34) 934882129
Fax: +(34) 934877212
Sales EUR(mil): 13.3
Assets EUR(mil): 4.1
Employees: 4
Fiscal Year End: 09-Oct-2012
Industry: Retail (Grocery)
Incorporation Date: 1988
Company Type: Public Independent
Quoted Status: Not Quoted
Registered No.(ESP): A58555103
Joint Manager:
Roxas Ignacio Colodron Gomez
Industry Codes
ANZSIC 2006 Codes:
360 - Grocery, Liquor and Tobacco Product Wholesaling
NACE 2002 Codes:
5138 - Wholesale of other food including fish, crustaceans and
molluscs
NAICS 2002 Codes:
424460 - Fish and Seafood Merchant Wholesalers
US SIC 1987:
514 - Groceries and Related Products
UK SIC 2003:
5138 - Wholesale of other food including fish, crustaceans and
molluscs
UK SIC 2007:
4638 - Wholesale of other food, including fish, crustaceans and
molluscs
Business
Description
Wholesale of other food, including fish, crustaceans and molluscs
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Executive report
|
Board
of Directors |
|
|
|
|
|||
|
Joint Manager |
Director/Board Member |
|
|||
|
Joint Manager |
Director/Board Member |
|
|
Executives |
|
|
|
|
|||
|
Joint Manager |
Administration Executive |
|
|||
|
Joint Manager |
Administration Executive |
|
Annual Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Charges |
18.5 |
14.0 |
19.3 |
|
Supplies |
17.6 |
13.2 |
18.4 |
|
Goods
Consumption |
15.7 |
11.8 |
16.5 |
|
Miscellaneous
External Expenditures |
1.9 |
1.4 |
2.0 |
|
Staff Costs |
0.3 |
0.3 |
0.3 |
|
Wages
and Salaries |
0.3 |
0.2 |
0.2 |
|
Social
Security Costs |
0.1 |
0.0 |
0.0 |
|
Depreciation |
0.0 |
0.0 |
0.0 |
|
Other Operating
Charges |
0.3 |
0.2 |
0.2 |
|
External
Services |
0.3 |
0.2 |
0.2 |
|
Taxes |
0.0 |
0.0 |
0.0 |
|
Operating
Benefits |
0.3 |
0.3 |
0.3 |
|
Financials and
Similar Charges |
0.2 |
0.2 |
0.2 |
|
Due
to Other Liabilities |
0.2 |
0.2 |
0.2 |
|
Exchange Losses |
0.1 |
0.1 |
- |
|
Profit From
Ordinary Activities |
0.0 |
0.0 |
0.1 |
|
Changes in
Provisions for Assets |
- |
0.0 |
- |
|
Extraordinary
Profit |
- |
- |
0.0 |
|
Profit Before
Taxes |
0.0 |
0.0 |
0.1 |
|
Corporation Tax |
0.0 |
0.0 |
0.0 |
|
Financial Year
Result (Profit) |
0.0 |
0.0 |
0.1 |
|
Income |
18.5 |
14.0 |
19.4 |
|
Net Total Sales |
18.5 |
14.0 |
19.3 |
|
Sales |
18.5 |
14.0 |
19.3 |
|
Miscellaneous Operating
Income |
0.0 |
0.0 |
0.0 |
|
Auxiliary
Income From Current Management |
0.0 |
0.0 |
0.0 |
|
Income From
Miscellaneous Interests |
0.0 |
0.0 |
0.0 |
|
Miscellaneous
Interests |
0.0 |
0.0 |
0.0 |
|
Gains from
Exchange Rate |
- |
- |
0.0 |
|
Negative
Financial Results |
0.3 |
0.3 |
0.2 |
|
Extraordinary
Income |
- |
- |
0.0 |
|
Negative
Extraordinary Results |
- |
0.0 |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Research
and Development Costs |
- |
0.0 |
- |
|
Software |
0.0 |
0.0 |
0.0 |
|
Total Intangible
Fixed Assets |
0.0 |
0.0 |
0.0 |
|
Land
and Construction |
1.2 |
1.2 |
1.4 |
|
Other
Installations, Tools, and Furniture |
0.0 |
0.1 |
0.0 |
|
Other
Tangible Assets |
0.0 |
0.0 |
0.0 |
|
Total Tangible
Fixed Assets |
1.2 |
1.3 |
1.4 |
|
Long-Term
Guarantees and Deposits |
0.0 |
0.0 |
- |
|
Financial
Investments |
0.0 |
0.0 |
- |
|
Total Fixed Assets |
1.2 |
1.3 |
1.4 |
|
Goods
for Resale |
1.5 |
1.5 |
1.5 |
|
Payments
on Account |
0.3 |
0.6 |
- |
|
Total Stocks |
1.7 |
2.1 |
1.5 |
|
Trade
Debtors |
2.1 |
2.6 |
3.9 |
|
Public
Bodies |
0.0 |
0.1 |
0.3 |
|
Total Debtors |
2.1 |
2.7 |
4.1 |
|
Other
Receivables |
0.0 |
0.0 |
0.0 |
|
Total Short-Term
Investments |
0.0 |
0.0 |
0.0 |
|
Cash |
0.3 |
0.3 |
0.3 |
|
Total Current Assets |
4.1 |
5.2 |
6.0 |
|
Total Assets |
5.3 |
6.5 |
7.4 |
|
Legal
Reserve |
0.0 |
0.0 |
0.0 |
|
Miscellaneous
Reserves |
0.9 |
0.9 |
0.9 |
|
Total Reserves |
0.9 |
1.0 |
1.0 |
|
Profit or Loss for
the Financial Year |
0.0 |
0.0 |
0.1 |
|
Total Equity |
1.1 |
1.1 |
1.2 |
|
Loans
and Other Liabilities |
0.9 |
0.9 |
1.1 |
|
Total Amounts Owed
to Credit Institutions |
0.9 |
0.9 |
1.1 |
|
Other
Creditors |
0.1 |
0.1 |
- |
|
Long-Term
Payables to Public Bodies |
0.0 |
0.0 |
0.0 |
|
Total Other
Creditors |
0.1 |
0.2 |
0.0 |
|
Total Long Term Liabilities |
1.0 |
1.1 |
1.1 |
|
Loans
and Other Liabilities |
0.8 |
1.8 |
1.0 |
|
Total Amounts Owed
to Credit Institutions |
0.8 |
1.8 |
1.0 |
|
Amounts
Owed for Purchases of Goods or Services |
2.5 |
2.3 |
3.6 |
|
Total Trade
Creditors |
2.5 |
2.3 |
3.6 |
|
Public
Bodies |
0.0 |
0.0 |
0.0 |
|
Miscellaneous
Debts |
0.0 |
0.0 |
0.4 |
|
Wages
and Salaries Payable |
0.0 |
0.0 |
0.0 |
|
Total Other
Creditors |
0.0 |
0.1 |
0.5 |
|
Total Short Term Creditors |
3.3 |
4.2 |
5.1 |
|
Total
Liabilities and Equity |
5.3 |
6.5 |
7.4 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.89 |
|
UK Pound |
1 |
Rs.90.88 |
|
Euro |
1 |
Rs.78.32 |
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.