MIRA
INFORM REPORT
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Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
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Name : |
PINTER SA
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Registered Office : |
Ctra. Manresa, Km 46, Santpedor, 08251 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1974 |
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Com. Reg. No.: |
A08354565 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
Wholesaler of machinery for the textile industry and of sewing and knitting machines |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s 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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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
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.
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Source : CIA |
Company name & address
Pinter Sa
Ctra. Manresa, Km 46
Santpedor, 08251
Spain
Tel: +(34) 938320522
Fax: +(34) 938272625
Web: www.pintersa.com
Synthesis
Employees: 20
Company Type: Public Independent
Incorporation Date: 1974
Auditor: Josep Puigdellivol Prat
Financials in: USD
(Millions)
Fiscal Year End: 19-Sep-2012
Reporting Currency: Euro
Annual Sales: 10.1 1
Net Income: 0.1
Total Assets: 6.7
Business Description
Wholesale of machinery for the textile industry and of sewing and
knitting machines
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 3419 - Other
Specialised Industrial Machinery and Equipment Wholesaling
NACE 2002: 5183 - Wholesale
of machinery for the textile industry, and of sewing and knitting machines
NAICS 2002: 423830 -
Industrial Machinery and Equipment Merchant Wholesalers
UK SIC 2003: 5183 - Wholesale
of machinery for the textile industry, and of sewing and knitting machines
UK SIC 2007: 4664 - Wholesale
of machinery for the textile industry and of sewing and knitting machines
US SIC 1987: 5084 - Industrial
Machinery and Equipment
Key Executives
Name Title
Technologies Sl Pinter Caipo Single
Partner
Serra Tella Adria Administrator
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7698705
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7668179
Corporate Overview
Location
Ctra. Manresa, Km 46
Santpedor, 08251
Spain
Tel: +(34) 938320522
Fax: +(34) 938272625
Web: www.pintersa.com
Sales EUR(mil): 7.7
Assets EUR(mil): 5.2
Employees: 20
Fiscal Year End: 19-Sep-2012
Industry: Miscellaneous
Capital Goods
Incorporation Date: 1974
Company Type: Public
Independent
Quoted Status: Not
Quoted
Registered No.(ESP): A08354565
Single Partner: Technologies
Sl Pinter Caipo
Industry Codes
ANZSIC 2006 Codes:
3419 - Other Specialised Industrial Machinery and Equipment
Wholesaling
NACE 2002 Codes:
5183 - Wholesale of machinery for the textile industry, and of
sewing and knitting machines
NAICS 2002 Codes:
423830 - Industrial Machinery and Equipment Merchant Wholesalers
US SIC 1987:
5084 - Industrial Machinery and Equipment
UK SIC 2003:
5183 - Wholesale of machinery for the textile industry, and of
sewing and knitting machines
UK SIC 2007:
4664 - Wholesale of machinery for the textile industry and of
sewing and knitting machines
Business
Description
Wholesale of machinery for the textile industry and of sewing and
knitting machines
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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 |
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Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2009 |
31-Dec-2007 |
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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) |
0.71919 |
0.719047 |
0.730637 |
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Consolidated |
No |
No |
No |
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Charges |
10.7 |
6.1 |
13.6 |
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Staff Costs |
1.2 |
1.0 |
1.8 |
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Wages
and Salaries |
1.0 |
0.9 |
1.6 |
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Social
Security Costs |
0.3 |
0.1 |
0.2 |
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Depreciation |
0.2 |
0.1 |
0.2 |
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Allowance for
Trade Operations |
- |
- |
0.2 |
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Other Operating
Charges |
2.0 |
1.4 |
2.5 |
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Operating
Benefits |
0.3 |
0.2 |
2.3 |
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Financials and
Similar Charges |
0.1 |
0.1 |
0.1 |
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Due
to Other Liabilities |
0.1 |
0.1 |
0.1 |
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Exchange Losses |
0.0 |
0.0 |
0.0 |
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Net Financial
Income |
- |
- |
0.6 |
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Profit From Ordinary
Activities |
0.2 |
0.1 |
3.0 |
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Losses From Assets
and Securities Portfolio |
- |
- |
1.3 |
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Extraordinary
Profit |
0.0 |
- |
- |
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Profit Before
Taxes |
0.2 |
0.1 |
1.8 |
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Corporation Tax |
0.0 |
0.0 |
0.5 |
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Financial Year
Result (Profit) |
0.1 |
0.1 |
1.3 |
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Income |
10.8 |
6.2 |
14.8 |
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Net Total Sales |
10.8 |
6.1 |
10.8 |
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Gains from
Exchange Rate |
- |
- |
0.0 |
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Negative
Financial Results |
0.1 |
0.1 |
- |
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Profit on Disposal
of Assets |
- |
- |
0.0 |
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Extraordinary Income |
0.0 |
- |
- |
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Income and Profit
From Previous Years |
- |
- |
0.1 |
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Negative
Extraordinary Results |
- |
- |
1.2 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2009 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.696986 |
0.683971 |
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Consolidated |
No |
No |
No |
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Research
and Development Costs |
0.0 |
- |
0.0 |
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Concessions,
Patents, Trademarks |
0.0 |
- |
0.0 |
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Assets
Under Capital Lease |
- |
- |
0.1 |
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Accumulated
Depreciation |
- |
- |
0.0 |
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Total Intangible
Fixed Assets |
0.1 |
0.0 |
0.1 |
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Land
and Construction |
0.7 |
- |
1.0 |
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Technical
Installations and Machinery |
0.6 |
- |
0.1 |
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Other
Installations, Tools, and Furniture |
- |
- |
1.4 |
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Other
Tangible Assets |
- |
- |
0.5 |
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Accumulated
Depreciation |
- |
- |
-1.8 |
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Total Tangible
Fixed Assets |
1.3 |
1.4 |
1.2 |
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Investments
in Group Companies |
0.0 |
- |
0.3 |
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Long-Term
Securities Portfolio |
0.1 |
0.1 |
0.1 |
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Long-Term
Guarantees and Deposits |
0.0 |
- |
0.0 |
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Financial
Investments |
0.1 |
0.1 |
0.4 |
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Total Fixed Assets |
1.4 |
1.6 |
1.7 |
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Deferred Expenses |
- |
- |
0.0 |
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Goods
for Resale |
3.0 |
1.8 |
1.7 |
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Total Stocks |
3.0 |
1.8 |
1.7 |
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Trade
Debtors |
1.4 |
1.7 |
1.4 |
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Public
Bodies |
0.3 |
0.2 |
0.2 |
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Provisions |
- |
- |
0.0 |
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Total Debtors |
1.7 |
2.0 |
1.6 |
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Short-Term
Securities Portfolio |
0.0 |
- |
- |
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Total Short-Term
Investments |
0.0 |
- |
- |
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Cash |
0.4 |
0.1 |
2.5 |
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Prepayments and
Accrued Income |
0.1 |
0.2 |
- |
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Total Current Assets |
5.3 |
4.1 |
5.8 |
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Total Assets |
6.7 |
5.7 |
7.6 |
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Legal
Reserve |
0.1 |
0.1 |
0.1 |
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Miscellaneous
Reserves |
2.8 |
2.9 |
3.2 |
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Capital
Adjustment to Euros |
0.0 |
0.0 |
0.0 |
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Total Reserves |
2.9 |
3.0 |
3.3 |
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Profit or Loss for
the Financial Year |
0.1 |
0.1 |
1.4 |
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Interim Dividend
Paid |
- |
- |
-0.1 |
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Total Equity |
3.2 |
3.3 |
4.7 |
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Capital
Grants |
0.0 |
0.0 |
- |
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Total Deferred Income |
0.0 |
0.0 |
- |
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Loans
and Other Liabilities |
- |
0.2 |
- |
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Long-Term
Liabilities from Capital Leases |
0.0 |
- |
- |
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Total Amounts Owed
to Credit Institutions |
0.0 |
0.2 |
- |
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Long-Term
Bills of Exchange Payable |
- |
- |
0.0 |
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Other
Creditors |
0.0 |
- |
- |
|
Total Other
Creditors |
0.0 |
- |
0.0 |
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Total Long Term Liabilities |
0.0 |
0.2 |
0.0 |
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Loans
and Other Liabilities |
0.0 |
0.2 |
- |
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Total Amounts Owed
to Credit Institutions |
0.0 |
0.2 |
- |
|
Amounts
Owed to Group Companies |
0.0 |
- |
- |
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Total Short-Term
Amounts Owed to Group and Associa |
0.0 |
- |
- |
|
Advanced
Payments from Customers |
0.4 |
- |
0.3 |
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Amounts
Owed for Purchases of Goods or Services |
2.9 |
1.4 |
2.0 |
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Debts
Represented by Notes Payable |
- |
0.5 |
- |
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Total Trade
Creditors |
3.4 |
1.9 |
2.3 |
|
Public
Bodies |
0.0 |
- |
0.3 |
|
Bills
of Exchange Payable |
0.0 |
0.0 |
0.0 |
|
Wages
and Salaries Payable |
0.0 |
- |
- |
|
Total Other
Creditors |
0.1 |
0.0 |
0.3 |
|
Prepayments and
Accrued Income |
- |
- |
0.2 |
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Total Short Term Creditors |
3.5 |
2.2 |
2.8 |
|
Total
Liabilities and Equity |
6.7 |
5.7 |
7.6 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
UK Pound |
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.