MIRA INFORM REPORT

Report Date :

20.07.2013

IDENTIFICATION DETAILS

Name :	MARY SMILE SL.
Registered Office :	Calle Sotillo, 33, 28043 Madrid
Country :	Spain
Financials (as on) :	31.12.2004
Date of Incorporation :	14.11.2003
Legal Form :	Limited Liability Company
Line of Business :	Retail sale of clothes
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Deregistration on commercial registry sheet
Payment Behaviour :	---
Litigation :	---

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 31^st 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  

MARY SMILE SL.

CIF/NIF: B83813147

Company situation: Deregistration Mercantile Register sheet file for the lack of filed accounts  - Article 378.1 of the Mercantile Register Regulation (Date: 19/07/2013)

INFORMATION OF THE REQUEST

Data of your request

CIF / NIF B83813147 Registered Name MARY SMILE SL. Request reason MAX CREDIT

Year of the accounts to be delivered 2012 Language Inglés Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference Number 229045

Answer to the data in your request

In spite of investigations using every source available (public and private), no additional details than those contained in this report are available.

Other Complementary Information

According to the consultation made 19/07/2013 on the Registrars official website, subject company has a deregistration on its commercial registry sheet file because it has not filed its accounts.

EXECUTIVE SUMMARY

Identification

Current Business Name: MARY SMILE SL.

Other names: NO

Current Address:  CALLE SOTILLO, 33

28043 MADRID 

Telephone number: 914024549 

Trade Risk

Company situation: Deregistration Mercantile Register sheet file for the lack of filed accounts  -  Article 378.1 of the Mercantile Register Regulation (Date: 19/07/2013)

Incidents:  NO

R.A.I.:  NO

Financial Information

Balance sheet latest sales (2004):  1.933,00 € (Mercantile Register)

Result:  -9.986,85 €

Total Assets: 4.435,43 €

Share capital:  9.000,00 €

Employees : This information is not available

Listed on a Stock Exchange: NO

Commercial Information

Incorporation date:  14/11/2003

Activity:  Retail sale of clothes

NACE 2009 CODE: 4771

International Operations: No business relationships registered

Corporate Structure

Sole Administrator: 

JUANES PERERA, MARIA

Other Complementary Information

Latest filed accounts in the Mercantile Register: 2004

Latest act published in BORME:  13/10/2005 Annual Filed Accounts

Latest press article: No press articles registered for this company

Bank Entities: There are not

The date when this report was last updated is 19/07/2013.

Company situation

Deregistration Mercantile Register sheet file for the lack of filed accounts  - Article 378.1 of the Mercantile Register Regulation (Date: 19/07/2013)

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

15/07/2013 10:07:24

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

FINANCIAL ELEMENTS

Main Financial Elements

Figures given in €

	31/12/2004 (12) BALANCE SHEET	% ASSETS
BALANCE SHEET ANALYSIS
NET WORTH	-3.221,54	-72,63
DEBT	7.656,97	172,63
FIXED ASSETS	733,64	16,54
TOTAL ASSETS	4.435,43
	31/12/2004 (12) BALANCE SHEET	% SALES
PROFIT AND LOSS ACCOUNT ANALYSIS
SALES	1.933,00
ADDED VALUE	-9.813,01	-507,66
EBITDA	-9.813,01	-507,66
EBIT	-9.986,85	-516,65
NET RESULT	-9.986,85	-516,65

company ADDRESSES

Business address

Current Legal Seat Address: 

CALLE SOTILLO, 33

28043 MADRID

CORPORATE STRUCTURE

ADMINISTRATIVE LINKS

Summary

Governing body : 1 member (latest change: 27/06/2005)

Other Positions : 1 (latest change: 31/12/2003)

Non-current positions : 3 (latest change: 28/04/2005)

Main Board members, Directors and Auditor

Governing body

POSITION	NAME AND SURNAME	DATE  APPOINTMENT
SOLE ADMINISTRATOR	JUANES PERERA, MARIA	27/06/2005

There are 2 board members, directors and auditors registered

POTENTIAL LINKS

Search for Link by Administrator

Search Criterion: ”MARIA JUANES PERERA”

COMPANY	POSITION	PROVINCE
ARTE & IDEAS CONSULTORIA SL	Administrador Único	MADRID
MARY SMILE SL.	Administrador Único	MADRID

BUSINESS INFORMATION

Constitution

Incorporation date: 14/11/2003

Activity

Activity: Retail sale of clothes

NACE 2009 CODE: 4771

NACE 2009 Activity: Retail sale of clothing in specialised stores

Business: DISENO, IMPORTACION, DISTRIBUCION, EXPORTACION DE ROPA Y COMPLEMENTOS INFANTILES

Employees

This information is not available

Banks

No bank branches registered

LEGAL STRUCTURE

Constitution Data

Register Date: 14/11/2003

Register town: Madrid

Announcement number: 503782

Register data: 

Volume 19457, Folio 133, Section 8, Sheet 341450,

Inscription I/A 1 (2003-12-12)

Share capital: 9.000 €

Current structure data

Legal form: Limited Liability Company

Share capital: 9.000,00 €

Legal Aspects

Obligation to fill in Financial Statements: YES

Chamber census: YES (2005)

B.O.R.M.E.

(OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)

Summary

·   Acts on activity: 0

·   Acts on administrators: 7 (Last: 27/06/2005, first: 30/12/2003)

·   Acts on capital: 0

·   Acts on creation: 1 (Last: 30/12/2003)

·   Acts on filed accounts: 2 (Last: 13/10/2005, first: 05/07/2005)

·   Acts on identification: 0

·   Acts on Information: 0

Latest acts in B.O.R.M.E.

Other acts

ACT	DATE	NOTICE NUM.	MERCANTILE REGISTER
Annual Filed Accounts (2004)	13/10/2005	717554	Madrid
Annual Filed Accounts (2003)	05/07/2005	150555	Madrid
Appointments	27/06/2005	291040	Madrid
Resignations	28/04/2005	195115	Madrid
Appointments	25/04/2005	189197	Madrid
Resignations	25/04/2005	189197	Madrid
Resignations	29/03/2004	154393	Madrid
Appointments	31/12/2003	505409	Madrid
Appointments	30/12/2003	503782	Madrid
Constitution	30/12/2003	503782	Madrid

There are 10 acts registered

Press articles

No press articles registered for this company

Complementary Information

Financial Information

El balance cerrado a 31/12/2003 (Depósito 2004) está disponible en INFORMA, pero no ha sido cargado por tener una duración inferior a tres meses.

FINANCIAL INFORMATION

The information on the last Individual Filed Accounts contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 15/11/2005.

BALANCE SHEET

Assets

Figures given in €

	31/12/2004 (12)
A) DUE FROM SHAREHOLDERS FOR UNCALLED CAPITAL
B) FIXED ASSETS	733,64
I. Incorporation costs	663,91
II. Intangible fixed assets	69,73
III. Tangible fixed assets
IV. Financial fixed assets
V. Own Shares
VI. Long term trade liabilities
C) DEFERRED EXPENSES
D) CURRENT ASSETS	3.701,79
I. Shareholders by required outlays
II. Stocks
III. Debtors	2.660,33
IV. Temporary financial investment
V. Short-term own shares
VI. Treasury	1.041,46
VII. Periodification adjustments
TOTAL ASSETS (A + B + C + D)	4.435,43

Liabilities

Figures given in €

	31/12/2004 (12)
A) EQUITY	-3.221,54
I. Issued Capital	9.000,00
II. Issue premium
III. Revaluation reserve
IV. Reserves
V. Results from previous years	-2.234,69
VI. Profit and Losses	-9.986,85
VII. Dividend paid during the year
VIII. Own shares for capital reduction
B) DEFERRED INCOME
C) PROVISIONS FOR LIABILITIES AND EXPENSES
D) LONG TERM LIABILITIES
E) SHORT TERM LIABILITIES	7.656,97
F) SHORT TERM PROVISIONS FOR LIABILITIES AND EXPENSES
LIABILITIES (A + B + C + D + E + F)	4.435,43

PROFIT AND LOSS ACCOUNT

Items of the Profit and Loss Account

Figures given in €

	31/12/2004 (12)
A) EXPENSES (A.1 a A.15)	11.919,85
A.1. Operating costs	10.336,88
A.2. Labour cost
A.3. Assets Amortization	173,84
A.4. Variation in provision for current assets and bad debt losses
A.5. Other operating costs	1.409,13
A.I. OPERATING RESULT (B.1-A.1-A.2-A.3-A.4-A.5)
A.6. Financial expenses and similar
A.7. Variation in financial investment provision
A.8. Negative change difference
A.II. POSITIVE FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8)
A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II)
A.9. Variation in provision in fixed assets
A.10. Losses in fixed assets
A.11. Losses from own shares and bonds
A.12. Extraordinary charges
A.13. Other exercises’ expenses and losses
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)
A.14. Corporate Taxes
A.15. Other taxes
A.VI. EXERCISE RESULT (PROFIT) (A.V-A.14-A.15)
B) INCOMES (B.1 to B.8)	1.933,00
B.1. Operating income	1.933,00
Net Turnover	1.933,00
B.I. OPERATING LOSSES (A.1+A.2+A.3+A.4+A.5-B.1)	9.986,85
B.2. Financial Income
B.3. Positive change difference
B.II. NEGATIVE FINANCIAL RESULTS (A.6+A.7+A.8-B.2-B.3)
B.III. LOSSES FROM ORDINARY ACTIVITIES (B.I+B.II-A.I-A.II)	9.986,85
B.4. B.9. Gains from disposal of fixed assets
B.5. Gains from dealing in own shares
B.6. Paid in surplus
B.7. Extraordinary income
B.8. Other year’s income and profits
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)
B.V. LOSS BEFORE TAXES (B.III+B.IV-A.III-A.IV)	9.986,85
B.VI. EXERCISE RESULTS (LOSS) (B.V+A.14+A.15)	9.986,85

FINANCIAL BALANCE

Here the Main Capital Amounts of the company and the Revolving Fund Evolution are analysed.

Financial Balance Table

Figures given in €

	31/12/2004 (12)	%
A) DUE FROM SHAREHOLDERS FOR UNCALLED CAPITAL
B) FIXED ASSETS	733,64	16,54
C) DEFERRED EXPENSES
D) CURRENT ASSETS	3.701,79	83,46
TOTAL ASSETS (A + B + C + D)	4.435,43
A) EQUITY	-3.221,54	-72,63
B) DEFERRED INCOME
C) PROVISIONS FOR LIABILITIES AND EXPENSES
D) LONG TERM LIABILITIES
E) SHORT TERM LIABILITIES	7.656,97	172,63
F) SHORT TERM PROVISIONS FOR LIABILITIES AND EXPENSES
LIABILITIES (A + B + C + D + E + F)	4.435,43

RATIOS

Main Ratios

	31/12/2004 (12)
BALANCE RATIOS
Working Capital (€)	-3.955,18
Working capital ratio	-0,89
Soundness Ratio	-4,39
External Funds on Equity	-2,38
Average collection period (days)	495
LIQUIDITY RATIOS
Current ratio (%)	48,34
Quick Ratio (%)	13,60
Sales on current assets (days)	188
GENERAL ACTIVITY RATIOS
Auto financing generated by sales (%)	-507,66
Auto financing generated by Assets (%)	-221,24
Breakdown Point	0,16
Assets Turnover	0,44
Cash flow (€)	-9.813,01
SOLVENCY RATIOS
Payback Capacity	-1,28
Assets Guarantee	0,49
Short Term Debts Proportion (%)	100,00

Results Analysis Ratios

	31/12/2004 (12)
Return on Assets (ROA) (%)	-225,16
Return on Equity (ROE) (%)	310,00
Operating Profitability (%)	-221,24
General Profitability (%)	-516,65
Equity gearing	-1,38

ADDITIONAL INFORMATION

Consulted Sources

Central Mercantile Register

Mercantile Registrars

Chamber of Commerce / Camerdata

Tax Administration / VIES Consultation

Tax Administration / Consultation by NIF

BOP

INTERNET

Telephone directory: PÁGINAS AMARILLAS

Telephone directory: PÁGINAS BLANCAS

Telephone directory: QDQ

This company has been consulted was last displayed on 17/06/2010, 0 times in the last quarter and 11 total times.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.79
UK Pound	1	Rs.91.03
Euro	1	Rs.78.52

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.