MIRA INFORM REPORT

 

 

Report Date :

13.11.2013

 

IDENTIFICATION DETAILS

 

Name :

MUROS ECOLOGICOS ECOMASA SL

 

 

Registered Office :

C/ Terraza, 4. - Estepona - 29680 - Malaga

 

 

Country :

Spain

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

25.09.2012

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Construction of residential and non-residential buildings

 

 

No. of Employees :

5

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Business

Payment Behaviour :

Unknown

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

 

EXECUTIVE SUMMARY

 

 

Name:

 

MUROS ECOLOGICOS ECOMASA SL

 

NIF / Fiscal code:

 

B93213882

 

Status:

 

ACTIVE

 

Incorporation Date:

 

25/09/2012

 

Register Data

 

Register Section 8 Sheet 116137

 

Last Published Account Deposit:

 

2012

 

Share Capital:

 

3.000

 

 

Localization:

 

C/ TERRAZA, 4. - ESTEPONA - 29680 - MALAGA

 

Telephone - Fax - Email - Website:

 

Ph.:. 672102010  

Email. info@murosecologicos.com

Website. www.murosecologicos.com

 

 

 

Activity:

 

 

NACE:

 

412 - Construction of residential and non-residential buildings

 

Registered Trademarks:

 

 

Audited / Opinion:

 

No

 

Tenders and Awards:

 

0 for a total cost of 0

 

Subsidies:

 

0 for a total cost of 0

 

Quality Certificate:

 

No

 

 

Defaults, Legal Claims and Insolvency Proceedings :

 

 

 

 

Number

 

Amount (€)

 

Most Recent Entry

 

Insolvency Proceedings, Bankruptcy and Suspension of Payments

 

 

Unpublished

 

---

 

---

 

Defaults on debt with Financial Institutions and Large Companies

 

 

None

 

 ---

 

---

 

Judicial Claims (Notices, Executive Proceedings, Attachments, Auctions, Bad Debt)

 

 

None

 

 0

 

---

 

Proceedings heard by the Civil Court

 

 

Unpublished

 

 0

 

---

 

Proceedings heard by the Labour Court

 

 

Unpublished

 

 0

 

---

 

 

 Partners 

 

 

ANTONIO CARRASCO JIMENEZ

 

100 %

 

 

Shares:

 

0

 

 

Other Links:

 

0

 

 

No. of Active Corporate Bodies:

 

SINGLE ADMINISTRATOR 1

 

 

 

Guarantees:

 

 

Properties Registered:

 

Company NO, Administrator NO

 

Financing / Guarantee Sources :

 

Sources NO, Guarantees NO

 

 

INVESTIGATION SUMMARY

 

 

The subject was founded in September 2012 and it started its activity at the beginning of 2013. It is engaged in the construction of walls. It has five employees. According to the above, we consider that the subject can stay involved in normal credit operations.

 

Interviewed Person:

 

 

 

Enquiry Details

 

IDENTIFICATION

 

Social Denomination:

 

MUROS ECOLOGICOS ECOMASA SL

 

NIF / Fiscal code:

 

B93213882

 

Corporate Status:

 

ACTIVE

 

Start of activity:

 

2013

 

Registered Office:

 

C/ TERRAZA, 4.

 

Locality:

 

ESTEPONA

 

Province:

 

MALAGA

 

Postal Code:

 

29680

 

Telephone:

 

672102010

 

Website:

 

www.murosecologicos.com

 

Email:

 

info@murosecologicos.com

 

Interviewed Person:

 

Sr. Antonio Carrasco

 

   

Activity

 

 

NACE:

 

412

 

Additional Information:

 

Construction of walls.

 

Additional Address:

 

Registered office, offices and other premises are located in C/ TERRAZA, 4. 29680 ESTEPONA

 

Franchise:

 

No

 

Import / export:

 

DOES NOT IMPORT / DOES NOT EXPORT

 

Future Perspective:

 

Consolidation

 

Industry situation:

 

Maturity

 

 

Number of Employees

 

 

 

 

Year

 

No. of employees

 

Established

 

Incidentals

 

 

 

 

 

2013

 

5

 

 

 

 

 

 

 Chronological Summary

 

 

 

 

Year

 

Act

 

 

 

 

 

2012

 

Appointments/ Re-elections (1) Company Formation (1)

 

 

 

 

 

2013

 

Accounts deposit (ejer. 2012) Declaration of Sole Propietorship (1)

 

 

 

 

 Breakdown of Owners' Equity

 

 

Registered Capital:

 

3.000

 

Paid up capital:

 

3.000

 

  

Updated Evolution of the Subscribed and Paid-in Capital

 

 

Publishing Date

 

Registration Type

 

Capital Subscribed

 

Paid up capital

 

Underwritten result

 

Disbursed Result

 

26/12/2012

 

Company Formation

 

 3.000

 

 3.000

 

 3.000

 

 3.000

 

  

Active Social Bodies

 

 

Post published

 

Social Body's Name

 

Appointment Date

 

Other Positions in this Company

 

SINGLE PARTNER

 

CARRASCO JIMENEZ ANTONIO

 

23/01/2013

 

2

 

SINGLE ADMINISTRATOR

 

CARRASCO JIMENEZ ANTONIO

 

26/12/2012

 

2

 

 Executive board

 

 

Post

 

NIF

 

Name

 

ADMINISTRATOR

 

 

ANTONIO CARRASCO JIMENEZ

 

DIRECTOR/GENERAL MANAGER

 

 

ANTONIO CARRASCO JIMENEZ

 

 

 Defaults, Legal Claims and Insolvency Proceedings

 

 Section enabling assessment of the degree of compliance of the company queried with its payment obligations. It provides information on the existence and nature of all stages of Insolvency and Legal Proceedings published with reference to the Company in the country's various Official Bulletins and national newspapers, as well Defaults Registered in the main national credit bureaus (ASNEF Industrial and RAI ).

> Summary

  

Chronological summary

 

 

 

Number of Publications

 

Amount (_)

 

Start date

 

End date

 

Insolvency Proceedings, Bankruptcy and Suspension of Payments

 

 

Unpublished

 

---

 

---

 

---

 

Request/Declaration

 

 

0

 

---

 

date

 

 

Proceedings

 

 

---

 

---

 

 

---

 

Resolution

 

 

---

 

---

 

 

---

 

Defaults on debt with Financial Institutions and Large Companies

 

Bank and Commercial Delinquency

 

None

 

 0

 

 

 

Status: Friendly

 

 

---

 

 

 

 

Status: Pre-Litigation

 

 

---

 

 

 

 

Status: Litigation

 

 

---

 

 

 

 

Status: Non-performing

 

 

---

 

 

 

 

Status: insolvency proceedings, bankruptcy and suspension of payments

 

 

---

 

 

 

 

Other status

 

 

---

 

 

 

 

Legal and Administrative Proceedings

 

 

Unpublished

 

---

 

 

 

Notices of defaults and enforcement

 

 

---

 

---

 

 

---

 

Seizures

 

 

---

 

---

 

 

---

 

Auctions

 

 

---

 

---

 

 

---

 

Declarations of insolvency and bad debt

 

 

---

 

---

 

 

---

 

Proceedings heard by the Civil Court

 

 

Unpublished

 

---

 

 

 

Proceedings heard by the Labour Court

 

 

Unpublished

 

---

 

 

 

 

 Result of query submitted to the R.A.I. (Spanish Bad Debt Register) on LEGAL CLAIMS

 

 

 

Summary of Judicial Claims

 

 

 

   PROCEDURES OF CONTEST, BANKRUPTCY AND BANKRUPTCY PROTECTION

 

 

 

 

   Legal Proceedings (Bankruptcy Law 22/2003)

 

 No se han publicado 

 

 

 

   Quiebras y Suspensiones de Pagos (anterior legislación concursal)

 

 No se han publicado 

 

   INCIDENCES WITH THE PUBLIC ADMINISTRATIONS

 

 

 

 

   Incidences with the Tax Agency

 

 No se han publicado 

 

 

 

   Incidences with the Social Security

 

 No se han publicado 

 

 

 

   Incidences with the Autonomous Administration

 

 No se han publicado 

 

 

 

   Incidences with the Local Administration

 

 No se han publicado 

 

   PROCEDURES BEFORE COURTS OF CIVIL MATTERS

 

 

 

 

   Procedures by the Civil Procedural Law 1/2000

 

 No se han publicado 

 

 

 

   Proceedings by the old Civil Procedural Law 1.881

 

 No se han publicado 

 

   PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL

 

 

 

 

   Procedimientos ante Juzgados de lo Social

 

 No se han publicado 

 

 

 Guarantees

 

References

 

Suppliers                                                                                                                                                                           

 

 

 

Name

 

NIF

 

Telephone

 

 

 

HUESKER

 

 

 

 

 

 Link List

 

 

SHAREHOLDERS: 

 

1 Entities

 

> Shareholders

 

 

Relationship

 

Entity

 

Province

 

Shareholding stake

 

SHAREHOLDERS

 

ANTONIO CARRASCO JIMENEZ

 

 

100

 

 

Turnover

 

 

Total Sales 2013

 

0

 

 

 

Financial Accounts and Balance Sheets

 

Financial Years Presented

 

 

Ejercicio

 

Tipo de Cuentas Anuales

 

Fecha Presentacion

 

2012

 

Normales

 

August  2013

 

 

The data in the report regarding the last Company Accounts submitted by the company is taken from the TRADE REGISTER serving the region in which the company's address is located 31/12/2012

 

>  Balance en formato Pyme de acuerdo al Nuevo Plan General Contable 2007

 

Information corresponding to the fiscal year 2012  is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2012  has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did not establish relevant equivalence criteria, axesor created such criteria using its own methodology. To view details on the methodology.

 

 

 

ORIGINAL

 

 

Assets 

 

2012

 

 

A) NON-CURRENT ASSETS: 11000 

 

3.000,00

 

 

      I. Intangible fixed assets : 11100 

 

0,00

 

 

      II. Tangible fixed assets : 11200 

 

3.000,00

 

 

      III. Real estate investment: 11300 

 

0,00

 

 

      IV. Long-term investments in Group companies and associates : 11400 

 

0,00

 

 

      V. Long-term financial investments: 11500 

 

0,00

 

 

      VI. Assets for deferred tax : 11600 

 

0,00

 

 

      VII. Non-current trade debtors : 11700 

 

0,00

 

 

B) CURRENT ASSETS: 12000 

 

0,00

 

 

      I. Stocks : 12200 

 

0,00

 

 

      II. Trade debtors and others receivable accounts : 12300 

 

0,00

 

 

            1. Trade debtors / accounts receivable: 12380 

 

0,00

 

 

                  a) Long-term receivables from sales and services supplied : 12381 

 

0,00

 

 

                  b) Customers for sales and provisions of services : 12382 

 

0,00

 

 

            2. Called up share capital: 12370 

 

0,00

 

 

            3. Other accounts receivable : 12390 

 

0,00

 

 

      III. Short-term investment in Group companies and associates: 12400 

 

0,00

 

 

      IV. Short-term financial investments : 12500 

 

0,00

 

 

      V. Short-term accruals : 12600 

 

0,00

 

 

      VI. Cash and other equivalent liquid assets : 12700 

 

0,00

 

 

TOTAL ASSETS (A + B) : 10000 

 

3.000,00

 

 

 

 

 

 

ORIGINAL

 

 

Liabilities and Net Worth 

 

2012

 

 

A) NET WORTH: 20000 

 

3.000,00

 

 

A-1) Shareholders' equity: 21000 

 

3.000,00

 

 

      I. Capital: 21100 

 

3.000,00

 

 

            1. Registered capital : 21110 

 

3.000,00

 

 

            2. (Uncalled capital): 21120 

 

0,00

 

 

      II. Share premium: 21200 

 

0,00

 

 

      III. Reserves: 21300 

 

0,00

 

 

      IV. (Common stock equity): 21400 

 

0,00

 

 

      V. Profit or loss brought forward: 21500 

 

0,00

 

 

      VI. Other shareholders' contributions: 21600 

 

0,00

 

 

      VII. Result of the period: 21700 

 

0,00

 

 

      VIII. (Interim dividend): 21800 

 

0,00

 

 

A-2) Changes in net worth : 22000 

 

0,00

 

 

A-3) Received subsidies, donations and legacies: 23000 

 

0,00

 

 

B) NON-CURRENT LIABILITIES: 31000 

 

0,00

 

 

      I. Long-term provisions: 31100 

 

0,00

 

 

      II. Long-term creditors : 31200 

 

0,00

 

 

            1. Amounts owed to credit institutions: 31220 

 

0,00

 

 

            2. Creditors from financial leasing : 31230 

 

0,00

 

 

            3. Other long-term creditors : 31290 

 

0,00

 

 

      III. Long-term debts with Group companies and associates: 31300 

 

0,00

 

 

      IV. Liabilities for deferred tax: 31400 

 

0,00

 

 

      V. Long-term accruals: 31500 

 

0,00

 

 

      VI. Non-current trade creditors : 31600 

 

0,00

 

 

      VII. Special long-term debts : 31700 

 

0,00

 

 

C) CURRENT LIABILITIES : 32000 

 

0,00

 

 

      I. Short-term provisions: 32200 

 

0,00

 

 

      II. Short-term creditors : 32300 

 

0,00

 

 

            1. Amounts owed to credit institutions: 32320 

 

0,00

 

 

            2. Creditors from financial leasing : 32330 

 

0,00

 

 

            3. Other short-term creditors : 32390 

 

0,00

 

 

      III. Short-term amounts owed to group and associated companies: 32400 

 

0,00

 

 

      IV. Trade creditors and other accounts payable: 32500 

 

0,00

 

 

            1. Suppliers: 32580 

 

0,00

 

 

                  a) Long-term debts : 32581 

 

0,00

 

 

                  b) Short-term debts : 32582 

 

0,00

 

 

            2. Other creditors: 32590 

 

0,00

 

 

      V. Short-term accruals : 32600 

 

0,00

 

 

      VI. Special short-term debts : 32700 

 

0,00

 

 

TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000 

 

3.000,00

 

 

 

 

 

 

CASHFLOW STATEMENT

 

Model: Normal

> Source of information: Data contained in this section is taken from the information declared in the Annual Accounts submitted to the Trade Register.

 

 

 

 

2012

 

 

1. Fiscal year result before taxes.: 61100 

 

0,00

 

 

2. Results adjustments.: 61200 

 

0,00

 

 

3. Changes in current capital equity.: 61300 

 

0,00

 

 

4. Other cash flows for operating activities.: 61400 

 

0,00

 

 

5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 

 

0,00

 

 

6. Payments for investment (-).: 62100 

 

-3.000,00

 

 

      c) Fixed assets. : 62103 

 

-3.000,00

 

 

7. Divestment payment collection (+). : 62200 

 

0,00

 

 

8. Investment activity cash flows (6 + 7) minus Amortization: 62300 

 

-3.000,00

 

 

9. Payment collection and payments for equity instruments. : 63100 

 

3.000,00

 

 

      a) Issuance of equity instruments (+). : 63101 

 

3.000,00

 

 

10. Payment collection and payments for financial liabilities instruments.: 63200 

 

0,00

 

 

11. Payments from dividends and remunerations from other assets instruments. : 63300 

 

0,00

 

 

12. Cash flows for financing activities (9+10+11).: 63400 

 

3.000,00

 

 

D) EFECTO DE LAS VARIACIONES DE LOS TIPOS DE CAMBIO: 64000 

 

0,00

 

 

E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS (+/-5+/-8+/12+/-D) : 65000 

 

0,00

 

 

 

FINANCIAL DIAGNOSIS

 

> Economic-Financial Comparative Analysis

 

 Data used in the following ratios and indicators is taken from the Annual Accounts submitted by the company to the TRADE REGISTER.

> Comparison within the Sector

 

Cash Flow 

 

2012

 

Variación 2012 -

 

 

 

 

Empresa

 

Sector

 

Empresa

 

Sector

 

 

Cash Flow over Sales:  

 

 

0,00 %

 

NaN %

 

NaN %

 

 

EBITDA over Sales:  

 

 

2,62 %

 

NaN %

 

NaN %

 

 

Cash Flow Yield:  

 

0,00 %

 

0,00 %

 

NaN %

 

NaN %

 

 

 

 

Profitability 

 

2012

 

Variación 2012 -

 

 

 

 

Empresa

 

Sector

 

Empresa

 

Sector

 

 

Operating economic profitability:  

 

0,00 %

 

0,95 %

 

NaN %

 

NaN %

 

 

Total economic profitability:  

 

0,00 %

 

1,35 %

 

NaN %

 

NaN %

 

 

Financial profitability:  

 

0,00 %

 

-0,34 %

 

NaN %

 

NaN %

 

 

Margin:  

 

 

1,06 %

 

NaN %

 

NaN %

 

 

Mark-up:  

 

 

-0,22 %

 

NaN %

 

NaN %

 

 

 

 

Solvency 

 

2012

 

Variación 2012 -

 

 

 

 

Empresa

 

Sector

 

Empresa

 

Sector

 

 

Liquidity:  

 

 

0,23

 

NaN

 

NaN

 

 

Acid Test:  

 

 

1,07

 

NaN

 

NaN

 

 

Working Capital / Investment:  

 

0,00

 

0,21

 

NaN

 

NaN

 

 

Solvency:  

 

 

1,79

 

NaN

 

NaN

 

 

 

 

Indebtedness 

 

2012

 

Variación 2012 -

 

 

 

 

Empresa

 

Sector

 

Empresa

 

Sector

 

 

Indebtedness level:  

 

0,00

 

1,08

 

NaN

 

NaN

 

 

Borrowing Composition:  

 

 

0,80

 

NaN

 

NaN

 

 

Repayment Ability:  

 

 

-1.451,83

 

NaN

 

NaN

 

 

Warranty:  

 

 

1,93

 

NaN

 

NaN

 

 

Generated resources / Total creditors:  

 

 

0,04

 

NaN

 

NaN

 

 

 

 

Efficiency 

 

2012

 

Variación 2012 -

 

 

 

 

Empresa

 

Sector

 

Empresa

 

Sector

 

 

Productivity:  

 

 

1,11

 

NaN

 

NaN

 

 

Turnover of Collection Rights :  

 

 

4,25

 

NaN

 

NaN

 

 

Turnover of Payment Entitlements:  

 

 

2,76

 

NaN

 

NaN

 

 

Stock rotation:  

 

 

3,66

 

NaN

 

NaN

 

 

Assets turnover:  

 

0,00

 

0,90

 

NaN

 

NaN

 

 

Borrowing Cost:  

 

 

2,43

 

NaN

 

NaN

 

 

 

 

COMPARATIVE SECTORIAL BALANCE

 

Sector-based Comparison under the rules of the New General Accounting Plan.

 

 

 

Variación -

 

 

 

Empresa

 

Sector

 

 

 

 

 

Variación -

 

 

 

Empresa

 

Sector

 

 

 

 

 

Variación -

 

 

 

Empresa

 

Sector

 

 

 News

  

Public Tenders and Works Won

 

No Public Tenders assigned to the name of the company.

 

 Research Summary

 

The subject was founded in September 2012 and it started its activity at the beginning of 2013. It is engaged in the construction of walls. It has five employees. According to the above, we consider that the subject can stay involved in normal credit operations.

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.59

UK Pound

1

Rs.101.56

Euro

1

Rs.85.15

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.