MIRA
INFORM REPORT
|
Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
EUROCONSTRUCCION 2011 SL |
|
|
|
|
Registered Office : |
C/ Pelaya, 4. - Algete - 28110 – Madrid 28110 |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
20.01.2011 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
It is a Subject engaged
in the exploitation of the business of agricultural and livestock activities
and sale of all kind of ítems. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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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
|
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: |
EUROCONSTRUCCION 2011 SL |
|
NIF / Fiscal code: |
B86110681 |
|
Trade Name |
EUROCONSTRUCCION 2011 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
20/01/2011 |
|
Register Data |
Register Section 8 Sheet
512481 |
|
Last Published Account
Deposit: |
2011 |
|
Share Capital: |
3.006 |
|
|
|
|
Localization: |
C/ PELAYA, 4. - ALGETE -
28110 - MADRID |
|
Telephone - Fax - Email -
Website: |
Ph.:.
916284041 |
|
|
|
|
Activity: |
|
|
NACE: |
015 - Mixed farming |
|
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: |
|
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 |
|
|
|
|
|
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|
INVESTIGATION SUMMARY |
|
|
The commercial entity
EUROCONSTRUCCION 2011 SL with VAT number B86110681 was founded by an
undefined period of time in January, 2011 and it is engaged in agricultural
and livestock activities and marketing of several items. According to our
sources, the commercial progress is deficient. |
|
Enquiry
Details
|
Identification |
|
|
Social Denomination: |
EUROCONSTRUCCION 2011 SL |
|
Trade Name: |
EUROCONSTRUCCION 2011 |
|
NIF / Fiscal code: |
B86110681 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
2011 |
|
Registered Office: |
C/ PELAYA, 4. |
|
Locality: |
ALGETE |
|
Province: |
MADRID |
|
Postal Code: |
28110 |
|
Telephone: |
916284041 |
|
Activity |
|
|
NACE: |
015 |
|
Additional Information: |
It is a company engaged
in the exploitation of the business of agricultural and livestock activities
and sale of all kind of ítems. |
|
Additional Address: |
Registered office is
located in calle Pelaya 4, nave 10 del Polígono Industrial Río de Janeiro.
28110 Algete in Madrid, address shared with linked companies with its main
leaders. |
|
Franchise: |
No |
|
Import / export: |
DOES NOT IMPORT / DOES
NOT EXPORT |
|
Future Perspective: |
Face recession |
|
Industry situation: |
Maturity |
Number of
Employees
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
|
2013 |
0 |
|
|
|
Chronological
Summary
|
|
Year |
Act |
|
|
|
2011 |
Appointments/
Re-elections (1) Company Formation (1) Declaration of Sole Propietorship (1) |
|
|
|
2012 |
Accounts deposit (ejer.
2011) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1)
Change of Social Purpose (1) Loss of the sole propietorship condition (1) |
|
Main
Historic Changes
|
Concept |
Publication |
Act |
Date |
|
Corporate Purpose Changes: |
ACTIVIDAD AGRICOLA,
ACTIVIDAD GANADERA, ACTIVIDAD FORESTAL, ACTIVIDAD PESQUERA, ACTIVIDAD
INDUSTRIAL, ACTIVIDAD DE CONSTRUCCION . . . |
Company Formation |
11/02/2011 |
Breakdown
of Owners' Equity
|
Registered Capital: |
3.006 |
|
Paid up capital: |
3.006 |
Updated
Evolution of the Subscribed and Paid-in Capital
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
01/02/2011 |
Company Formation |
3.006 |
3.006 |
3.006 |
3.006 |
Active
Social Bodies
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this
Company |
|
SINGLE ADMINISTRATOR |
GARCIA DAISY |
26/09/2012 |
1 |
Historical
Social Bodies
|
Social Body's Name |
Post published |
End Date |
Other Positions in this
Company |
|
FIGUEROA OREJUELA FAYSURY |
SINGLE ADMINISTRATOR |
26/09/2012 |
2 |
|
|
SINGLE PARTNER |
26/09/2012 |
|
Executive
board
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
DAISY GARCIA |
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 |
--- |
|
|
> Details
> Basis for rating
|
Positive Factors |
Adverse Factors |
|
|
<b>Inactive
company</b>. The latest annual accounts filed by the company show signs
of inactivity. |
LEGAL CLAIMS
|
Summary of Judicial
Claims |
|
|
|
|
|
|
|
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||
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No se han
publicado |
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No se han
publicado |
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||
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No se han
publicado |
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No se han
publicado |
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No se han
publicado |
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No se han
publicado |
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||
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No se han publicado
|
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No se han
publicado |
|
|
|
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||
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|
|
No se han
publicado |
|
Financial
Accounts and Balance Sheets
Financial Years Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2011 |
Normales |
October 2012 |
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
31/12/2011
> Balance en
formato Abreviado de acuerdo al Nuevo Plan General Contable 2007
Information corresponding
to the fiscal year 2011 is taken from information submitted to the TRADE
REGISTER. Data corresponding to fiscal years before 2011 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 |
2011 |
|
|
A) NON-CURRENT ASSETS:
11000 |
0,00 |
|
|
I.
Intangible fixed assets : 11100 |
0,00 |
|
|
II.
Tangible fixed assets : 11200 |
0,00 |
|
|
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 |
3.006,00 |
|
|
I.
Non-current assets held for sale : 12100 |
0,00 |
|
|
II.
Stocks: 12200 |
0,00 |
|
|
III.
Trade debtors and others receivable accounts: 12300 |
0,00 |
|
|
1.- Customers for sales and provisions of services :
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 |
|
|
IV.
Short-term investments in Group companies and associates: 12400 |
0,00 |
|
|
V.
Short-term financial investments : 12500 |
0,00 |
|
|
VI.
Short-term accruals: 12600 |
0,00 |
|
|
VII.
Cash and other equivalent liquid assets : 12700 |
3.006,00 |
|
|
TOTAL ASSETS (A + B) :
10000 |
3.006,00 |
|
|
|
ORIGINAL |
|
|
Liabilities and Net
Worth |
2011 |
|
|
A) NET WORTH: 20000 |
3.006,00 |
|
|
A1)
Shareholders' equity : 21000 |
3.006,00 |
|
|
I. Capital: 21100 |
3.006,00 |
|
|
1.- Registered capital: 21110 |
3.006,00 |
|
|
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 |
|
|
IX. Other net worth instruments: 21900 |
0,00 |
|
|
A2)
Adjustments due to changes in value : 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.
Liabilities linked to non-current assets held for sale : 32100 |
0,00 |
|
|
II.
Short-term provisions: 32200 |
0,00 |
|
|
III.
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 |
|
|
IV.
Short-term debts with Group companies and associates: 32400 |
0,00 |
|
|
V.
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 |
|
|
VI.
Short-term accruals: 32600 |
0,00 |
|
|
VII.
Special short-term debts : 32700 |
0,00 |
|
|
TOTAL NET WORTH AND
LIABILITIES (A + B + C) : 30000 |
3.006,00 |
|
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.
|
|
2011 |
|
|
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 |
0,00 |
|
|
7. Divestment payment
collection (+). : 62200 |
0,00 |
|
|
8. Investment activity
cash flows (6 + 7) minus Amortization: 62300 |
0,00 |
|
|
9. Payment collection and
payments for equity instruments. : 63100 |
3.006,00 |
|
|
a)
Issuance of equity instruments (+). : 63101 |
3.006,00 |
|
|
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 |
3.006,00 |
|
|
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 |
3.006,00 |
|
|
Cash
or equivalent assets as of end of the fiscal year.: 65200 |
3.006,00 |
|
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 |
2011 |
Variación 2011 - |
|
||
|
|
Empresa |
Sector |
Empresa |
Sector |
|
|
Cash Flow over Sales:
|
|
0,14 % |
NaN % |
NaN % |
|
|
EBITDA over Sales: |
|
5,98 % |
NaN % |
NaN % |
|
|
Cash Flow Yield: |
1,00 % |
0,03 % |
NaN % |
NaN % |
|
|
Profitability |
2011 |
Variación 2011 - |
|
||
|
|
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic
profitability: |
0,00 % |
0,35 % |
NaN % |
NaN % |
|
|
Total economic
profitability: |
0,00 % |
-0,19 % |
NaN % |
NaN % |
|
|
Financial profitability: |
0,00 % |
-3,85 % |
NaN % |
NaN % |
|
|
Margin: |
|
0,70 % |
NaN % |
NaN % |
|
|
Mark-up: |
|
-6,92 % |
NaN % |
NaN % |
|
|
Solvency |
2011 |
Variación 2011 - |
|
||
|
|
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
|
0,13 |
NaN |
NaN |
|
|
Acid Test: |
|
0,84 |
NaN |
NaN |
|
|
Working Capital /
Investment: |
1,00 |
0,11 |
NaN |
NaN |
|
|
Solvency: |
|
1,50 |
NaN |
NaN |
|
|
Indebtedness |
2011 |
Variación 2011 - |
|
||
|
|
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level:
|
0,00 |
1,32 |
NaN |
NaN |
|
|
Borrowing Composition:
|
|
1,24 |
NaN |
NaN |
|
|
Repayment Ability: |
0,00 |
16,79 |
NaN |
NaN |
|
|
Warranty: |
|
1,76 |
NaN |
NaN |
|
|
Generated resources /
Total creditors: |
|
0,01 |
NaN |
NaN |
|
|
Efficiency |
2011 |
Variación 2011 - |
|
||
|
|
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
|
1,27 |
NaN |
NaN |
|
|
Turnover of Collection
Rights : |
|
3,45 |
NaN |
NaN |
|
|
Turnover of Payment
Entitlements: |
|
2,24 |
NaN |
NaN |
|
|
Stock rotation: |
|
1,72 |
NaN |
NaN |
|
|
Assets turnover: |
0,00 |
0,49 |
NaN |
NaN |
|
|
Borrowing Cost: |
|
2,81 |
NaN |
NaN |
|
> Trend of indicators
under the General Accounting Plan of 2007 (2011)
|
Cash Flow |
2011 |
|
|
Cash Flow Yield: |
1,00 % |
|
|
Solvency |
2011 |
|
|
Working Capital /
Investment: |
1,00 |
|
COMPARATIVE SECTORIAL
BALANCE
Sector-based Comparison
under the rules of the New General Accounting Plan.
|
|
Variación - |
|
|
|
Empresa |
Sector |
|
|
Variación - |
|
|
|
Empresa |
Sector |
|
|
Variación - |
|
|
|
Empresa |
Sector |
Public
Tenders and Works Won
No Public Tenders
assigned to the name of the company.
Research
Summary
|
The commercial entity
EUROCONSTRUCCION 2011 SL with VAT number B86110681 was founded by an
undefined period of time in January, 2011 and it is engaged in agricultural
and livestock activities and marketing of several items. According to our
sources, the commercial progress is deficient. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.23 |
|
|
1 |
Rs.100.18 |
|
Euro |
1 |
Rs.84.06 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.