MIRA
INFORM REPORT
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Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
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Name : |
LA CAVA VIEJA IMPORT-EXPORT SL |
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Registered Office : |
C/ Pelaya, 4. Pol Industrial - Algete - 28110 - Madrid |
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Country : |
Spain |
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Date of Incorporation : |
20.01.2011 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is engaged in the import and export of wines and oils |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
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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 |
EXECUTIVE
SUMMARY
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Name: |
LA CAVA VIEJA IMPORT-EXPORT SL |
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NIF / Fiscal code: |
B86110665 |
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Status: |
ACTIVE |
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Incorporation Date: |
20/01/2011 |
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Register Data |
Register Section 8 Sheet 512480 |
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Last Publication
in BORME: |
11/02/2011 [Appointments] |
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Share Capital: |
3.006 |
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Localization: |
C/ PELAYA, 4. POL INDUSTRIAL - ALGETE - 28110 - MADRID |
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Activity: |
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NACE: |
4634 - Wholesale of beverages |
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Registered Trademarks: |
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Audited / Opinion: |
No |
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Tenders and Awards: |
0 for a total cost of 0 |
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Subsidies: |
0 for a total cost of 0 |
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Quality Certificate: |
No |
Defaults, Legal
Claims and Insolvency Proceedings :
|
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Number |
Amount (€) |
Most Recent
Entry |
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Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
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Defaults on debt with Financial Institutions and Large Companies |
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None |
--- |
--- |
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Judicial Claims (Notices, Executive Proceedings, Attachments,
Auctions, Bad Debt) |
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None |
0 |
--- |
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Proceedings heard by the Civil Court |
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Unpublished |
0 |
--- |
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Proceedings heard by the Labour Court |
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Unpublished |
0 |
--- |
Partners
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FIGUEROA OREJUELA FAYSURY |
100 % |
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Shares: |
0 |
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Other Links: |
0 |
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No. of Active Corporate Bodies: |
SINGLE ADMINISTRATOR 1 |
Guarantees:
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Properties Registered: |
Company NO, Administrator NO |
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Financing / Guarantee Sources : |
Sources NO, Guarantees NO |
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INVESTIGATION
SUMMARY |
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According to the consulted sources, it is a well managed company,
which has a good commercial reputation among the sources of information. The
company complies with its payment obligations. |
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Enquiry Details
Identification
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Social Denomination: |
LA CAVA VIEJA IMPORT-EXPORT SL |
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NIF / Fiscal
code: |
B86110665 |
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Corporate
Status: |
ACTIVE |
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Start of
activity: |
2011 |
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Registered
Office: |
C/ PELAYA, 4. POL INDUSTRIAL |
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Locality: |
ALGETE |
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Province: |
MADRID |
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Postal Code: |
28110 |
Activity
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NACE: |
4634 |
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Additional
Information: |
It is engaged in the import and export of wines and oils. |
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Additional
Address: |
C/ PELAYA, 4. POL INDUSTRIAL 28110 ALGETE (MADRID) , registered office,
offices and warehouse, rented. |
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Import / export: |
IMPORT / EXPORT |
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Future
Perspective: |
Consolidation |
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Industry
situation: |
Maturity |
Chronological Summary
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Year |
Act |
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2011 |
Appointments/ Re-elections (1) Company Formation (1) Declaration of
Sole Propietorship (1) |
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Breakdown of Owners' Equity
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Registered
Capital: |
3.006 |
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Paid up capital: |
3.006 |
Updated Evolution of the Subscribed and Paid-in Capital
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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 |
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SINGLE PARTNER |
FIGUEROA OREJUELA FAYSURY |
01/02/2011 |
2 |
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SINGLE ADMINISTRATOR |
FIGUEROA OREJUELA FAYSURY |
01/02/2011 |
2 |
Executive board
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Post |
NIF |
Name |
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ADMINISTRATOR |
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FAYSURY FIGUEROA OREJUELA |
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DIRECTOR/GENERAL MANAGER |
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FAYSURY FIGUEROA OREJUELA |
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
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Number of
Publications |
Amount (_) |
Start date |
End date |
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Insolvency Proceedings, Bankruptcy and Suspension of Payments |
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Unpublished |
--- |
--- |
--- |
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Request/Declaration |
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0 |
--- |
date |
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Proceedings |
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--- |
--- |
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--- |
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Resolution |
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--- |
--- |
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--- |
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Defaults on debt with Financial Institutions and Large Companies |
Bank and Commercial Delinquency |
None |
0 |
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Status: Friendly |
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--- |
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Status: Pre-Litigation |
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--- |
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Status: Litigation |
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--- |
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Status: Non-performing |
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--- |
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Status: insolvency proceedings, bankruptcy and suspension of payments |
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--- |
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Other status |
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--- |
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Legal and Administrative Proceedings |
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Unpublished |
--- |
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Notices of defaults and enforcement |
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--- |
--- |
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--- |
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Seizures |
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--- |
--- |
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--- |
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Auctions |
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--- |
--- |
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--- |
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Declarations of insolvency and bad debt |
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--- |
--- |
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--- |
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Proceedings heard by the Civil Court |
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Unpublished |
--- |
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Proceedings heard by the Labour Court |
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Unpublished |
--- |
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Details
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Positive Factors |
Adverse Factors |
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No judicial claims have been detected in the Official Gazettes,
regarding any Company's outstanding debts with the Tax Bureau or Social
Security administrations, as submitted by Courts of the various court
jurisdictions. It has been found to have regular payment performance and has paid all
of its debts in a timely manner. Related companies without judicial claims . Neither judicial,
administrative claims nor serious actions against companies related to the
entity have been published in BORME, which indicates a tendency to meet their
obligations. |
It does not have sufficient experience in the Sector due to its recent
incorporation. Private consumption continues to have, in spite of some signs of
improvement, very low rates , thus showing great weakness. |
Probability of default
> Probabilidad Estimada de Impago para los próximos 12 meses:
9.9 %
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Sector in which comparison is carried out : 463 Wholesale of food, beverages and tobacco |
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Relative Position:
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The company's comparative analysis with the rest of the companies that
comprise the sector, shows the company holds a better position with regard to
the probability of non-compliance.
The probability of the company's non-compliance with its payment
obligations within deadlines estimated by our qualifications models is 9.88%.
In the event they fail to comply with the payment, the seriousness of the
loss will depend on factors such as the promptness of the commencement of the
charging management, the existence of executive documents which match the
credit or the existence of guarantees and free debt assets under the name of
the debtor. Therefore, the probability of non-compliance should not be solely
interpreted as the total loss of the owed amount.
LEGAL CLAIMS
Summary of Judicial Claims
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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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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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No se han publicado |
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PROCEDURES OF CONTEST, BANKRUPTCY
AND BANKRUPTCY PROTECTION
Link List
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SHAREHOLDERS: |
1 Entities |
> Shareholders
|
Relationship |
Entity |
Province |
Shareholding
stake |
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SHAREHOLDERS |
FIGUEROA OREJUELA FAYSURY |
|
100 |
Turnover
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Total Sales 2012 |
120.000 |
Estimated Balance
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ECONOMIC INFORMATION : 2012 ( THOUSAND EUROS ) TOTAL ASSETS.........................................81
NON CURRENT ASSETS............................11 CURRENT
ASSETS....................................70 LIABILITIES OWN
FUNDS..............................................14 NON CURRENT
LIABILITIES........................20 CURRENT
LIABILITIES.................................47 |
Financial Accounts and Balance Sheets
Financial Years
Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
CASHFLOW STATEMENT
Model:
Consolidated
> Source of information: Data contained in this section is taken from
the information declared in the Annual Accounts submitted to the Trade
Register.
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.
Public Tenders and Works Won
No Public Tenders
assigned to the name of the company.
Research Summary
|
According to the
consulted sources, it is a well managed company, which has a good commercial
reputation among the sources of information. The company complies with its
payment obligations. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.23 |
|
|
1 |
Rs.100.18 |
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Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
---- |
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.