MIRA
INFORM REPORT
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Report Date : |
08.03.2013 |
IDENTIFICATION DETAILS
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Name : |
TRUMPLER ESPANOLA SA |
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Registered Office : |
Llobateres, 15, Barbera Del Valles, 08210 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1975 |
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Com. Reg. No.: |
A08376105 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Manufacture of other chemical products |
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No. of Employees : |
44 |
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 : |
Usually Correct |
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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) |
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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.
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Source : CIA |
Company name & address
Trumpler Espanola Sa
Llobateres, 15
Barbera Del Valles, 08210
Spain
Tel: +(34) 937479355
Synthesis
Employees: 44
Company Type: Public Parent
Corporate Family: 3
Companies
Incorporation Date: 1975
Auditor: Iberaudit Mrm Audiconsulting Slp
Financials in: USD
(Millions)
Fiscal Year End:
21-Sep-2012
Reporting Currency: Euro
Annual Sales: 21.3
1
Net Income: 0.7
Total Assets: 20.6
Business Description
Manufacture of other chemical products n.e.c.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1899 - Other Basic
Chemical Product Manufacturing Not Elsewhere Classified
NACE 2002: 2466 - Manufacture
of other chemical products not elsewhere classified
NAICS 2002: 325998 - All Other
Miscellaneous Chemical Product and Preparation Manufacturing
UK SIC 2003: 2466 - Manufacture
of other chemical products not elsewhere classified
UK SIC 2007: 2059 - Manufacture
of other chemical products n.e.c.
US SIC 1987: 2899 - Chemicals
and Chemical Preparations, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Jordi Torrabadella Peña |
Member Of The Board, Chief Executive Officer, President |
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Gil Pilar |
Financial Director |
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Luis Marimon Garnier |
Non Consellor Secretary |
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Barenys Martinez Joan |
Managing Director |
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Feigel Thomas Hartmut |
Member Of The Board |
Registered No.(ESP): A08376105
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7700717
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7725939
Corporate Overview
Location
Llobateres, 15
Barbera Del Valles, 08210
Spain
Tel: +(34) 937479355
Sales EUR(mil): 16.4
Assets EUR(mil): 15.9
Employees: 44
Fiscal Year End: 21-Sep-2012
Industry: Chemical Manufacturing
Incorporation Date: 1975
Company Type: Public Parent
Quoted Status: Not Quoted
Registered No.(ESP): A08376105
Member Of The
Board, Chief Executive Officer, President:
Jordi Torrabadella Peña
Industry Codes
ANZSIC 2006 Codes:
1899 - Other Basic Chemical Product Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2466 - Manufacture of other chemical products not elsewhere
classified
NAICS 2002 Codes:
325998 - All Other Miscellaneous Chemical Product and Preparation
Manufacturing
US SIC 1987:
2899 - Chemicals and Chemical Preparations, Not Elsewhere
Classified
UK SIC 2003:
2466 - Manufacture of other chemical products not elsewhere
classified
UK SIC 2007:
2059 - Manufacture of other chemical products n.e.c.
Business
Description
Manufacture of other chemical products n.e.c.
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Corporate Family |
Corporate
Structure News: |
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Trumpler Española Sa |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Barbera Del Valles, Barcelona |
Spain |
Chemical Manufacturing |
21.3 |
44 |
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Subsidiary |
Leon, Guanajuato |
Mexico |
Chemical Manufacturing |
35.0 |
75 |
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Subsidiary |
Palafolls, Barcelona |
Spain |
Chemical Manufacturing |
21.2 |
61 |
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Executive report
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Board
of Directors |
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Managing Director |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Member Of The Board, Chief Executive
Officer, President |
Director/Board Member |
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Executives |
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Member Of The Board, Chief Executive
Officer, President |
Chief Executive Officer |
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Managing Director |
Managing Director |
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Non Consellor Secretary |
Administration Executive |
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Financial Director |
Finance Executive |
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Annual profit & loss
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Charges |
23.5 |
20.7 |
16.2 |
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Stock Reduction |
- |
- |
0.5 |
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Supplies |
15.6 |
13.6 |
9.6 |
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Goods
Consumption |
0.2 |
-0.2 |
0.0 |
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Consumption
of Raw Materials |
15.4 |
13.7 |
9.6 |
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Miscellaneous
External Expenditures |
0.1 |
0.1 |
0.1 |
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Staff Costs |
3.3 |
3.1 |
3.0 |
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Wages
and Salaries |
2.8 |
2.5 |
2.4 |
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Social
Security Costs |
0.5 |
0.6 |
0.5 |
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Depreciation |
0.4 |
0.3 |
0.4 |
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Allowance for
Trade Operations |
0.1 |
0.1 |
0.0 |
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Losses
from Unrecovered Receivables |
0.1 |
0.1 |
0.0 |
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Other Operating
Charges |
3.8 |
3.4 |
2.4 |
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External
Services |
3.7 |
3.3 |
2.3 |
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Taxes |
0.1 |
0.1 |
0.1 |
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Operating
Benefits |
0.5 |
1.0 |
- |
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Financials and
Similar Charges |
0.0 |
0.0 |
0.0 |
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Due
to Other Liabilities |
0.0 |
0.0 |
0.0 |
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Exchange Losses |
0.1 |
- |
0.3 |
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Net Financial
Income |
0.4 |
0.6 |
0.0 |
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Profit From
Ordinary Activities |
0.9 |
1.6 |
- |
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Losses From Assets
and Securities Portfolio |
- |
0.0 |
- |
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Extraordinary
Expenses |
- |
0.0 |
- |
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Extraordinary
Profit |
0.1 |
- |
0.0 |
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Profit Before
Taxes |
0.9 |
1.6 |
0.0 |
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Corporation Tax |
0.1 |
0.1 |
- |
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Financial Year
Result (Profit) |
0.8 |
1.5 |
0.0 |
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Income |
24.3 |
22.2 |
16.2 |
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Net Total Sales |
22.8 |
20.7 |
15.5 |
|
Sales |
22.9 |
20.8 |
15.5 |
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Rendering
of Services |
0.0 |
- |
- |
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Sales
Refunds |
-0.1 |
-0.1 |
-0.1 |
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Increase in Stocks |
0.2 |
0.1 |
- |
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Miscellaneous
Operating Income |
0.6 |
0.7 |
0.4 |
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Auxiliary
Income From Current Management |
0.6 |
0.7 |
0.4 |
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Grants |
0.0 |
0.0 |
0.0 |
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Operating Losses |
- |
- |
0.1 |
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Income From Equity
Investment |
0.6 |
0.4 |
0.3 |
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In
Group Companies |
0.6 |
0.4 |
0.3 |
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Income From
Miscellaneous Interests |
0.0 |
0.0 |
0.0 |
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Miscellaneous
Interests |
0.0 |
0.0 |
0.0 |
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Gains from
Exchange Rate |
- |
0.3 |
- |
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Ordinary
Activities' Losses |
- |
- |
0.0 |
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Profit on Disposal
of Assets |
0.0 |
- |
- |
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Extraordinary
Income |
0.1 |
- |
0.0 |
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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 |
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Consolidated |
No |
No |
No |
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Software |
0.1 |
0.1 |
0.1 |
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Total Intangible
Fixed Assets |
0.1 |
0.1 |
0.1 |
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Land
and Construction |
2.9 |
3.1 |
3.4 |
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Technical
Installations and Machinery |
0.4 |
0.4 |
0.4 |
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Other
Installations, Tools, and Furniture |
0.1 |
0.1 |
0.1 |
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Tangible
Fixed Assets Under Construction |
1.4 |
1.1 |
1.0 |
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Other
Tangible Assets |
0.0 |
0.0 |
0.0 |
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Total Tangible
Fixed Assets |
4.8 |
4.7 |
4.9 |
|
Investments
in Group Companies |
3.7 |
3.8 |
4.1 |
|
Financial
Investments |
3.7 |
3.8 |
4.1 |
|
Own Shares |
0.5 |
0.5 |
0.5 |
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Total Fixed Assets |
9.1 |
9.1 |
9.7 |
|
Goods
for Resale |
0.2 |
0.4 |
0.2 |
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Raw
Materials and Other Consumables |
3.3 |
2.8 |
2.1 |
|
Finished
Products |
1.2 |
1.0 |
1.0 |
|
Total Stocks |
4.7 |
4.2 |
3.2 |
|
Trade
Debtors |
3.5 |
4.1 |
3.7 |
|
Receivables,
Group Companies |
1.8 |
1.8 |
2.7 |
|
Other
Debtors |
0.0 |
0.0 |
0.0 |
|
Public
Bodies |
0.4 |
0.4 |
0.2 |
|
Total Debtors |
5.8 |
6.2 |
6.6 |
|
Short-Term
Securities Portfolio |
- |
0.5 |
- |
|
Other
Receivables |
0.1 |
- |
- |
|
Total Short-Term
Investments |
0.1 |
0.5 |
- |
|
Cash |
1.0 |
2.5 |
1.9 |
|
Total Current Assets |
11.5 |
13.4 |
11.7 |
|
Total Assets |
20.6 |
22.5 |
21.4 |
|
Legal
Reserve |
0.0 |
0.0 |
0.1 |
|
Miscellaneous
Reserves |
15.1 |
15.6 |
16.7 |
|
Total Reserves |
15.1 |
15.7 |
16.8 |
|
Prior
Year Losses |
-0.3 |
-1.4 |
-1.5 |
|
Profit or Loss
Brought Forward |
-0.3 |
-1.4 |
-1.5 |
|
Profit or Loss for
the Financial Year |
0.7 |
1.6 |
0.0 |
|
Total Equity |
15.8 |
16.1 |
15.5 |
|
Loans
and Other Liabilities |
- |
0.1 |
0.2 |
|
Total Amounts Owed
to Credit Institutions |
- |
0.1 |
0.2 |
|
Other
Creditors |
0.8 |
1.0 |
1.2 |
|
Total Other
Creditors |
0.8 |
1.0 |
1.2 |
|
Total Long Term Liabilities |
0.8 |
1.0 |
1.4 |
|
Loans
and Other Liabilities |
0.1 |
0.1 |
0.3 |
|
Total Amounts Owed
to Credit Institutions |
0.1 |
0.1 |
0.3 |
|
Amounts
Owed to Group Companies |
0.5 |
0.5 |
0.4 |
|
Total Short-Term
Amounts Owed to Group and Associa |
0.5 |
0.5 |
0.4 |
|
Amounts
Owed for Purchases of Goods or Services |
2.7 |
4.0 |
3.1 |
|
Total Trade
Creditors |
2.7 |
4.0 |
3.1 |
|
Public
Bodies |
0.1 |
0.1 |
0.1 |
|
Miscellaneous
Debts |
0.2 |
0.2 |
0.2 |
|
Wages
and Salaries Payable |
0.6 |
0.5 |
0.5 |
|
Total Other
Creditors |
0.9 |
0.9 |
0.8 |
|
Total Short Term Creditors |
4.1 |
5.4 |
4.5 |
|
Total
Liabilities and Equity |
20.6 |
22.5 |
21.4 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.74 |
|
UK Pound |
1 |
Rs.82.14 |
|
Euro |
1 |
Rs.71.27 |
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 |
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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.