MIRA INFORM REPORT

 

 

Report Date :

21.11.2013

 

IDENTIFICATION DETAILS

 

Name :

ELECTRIDECOR 2005 S.L.

 

 

Registered Office :

AV/ DE España, 20 1 c. , Alcobendas, Madrid 28100

 

 

Country :

Spain

 

 

Date of Incorporation :

12.05.2005

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject is engaged in plumbing, heat and air conditioning installation

 

 

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

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:

 

ELECTRIDECOR 2005 S.L.

 

NIF / Fiscal code:

 

B84354182

 

Status:

 

ACTIVE

 

Incorporation Date:

 

12/05/2005

 

Register Data

 

Register Section 8 Sheet 390401

 

Last Publication in BORME:

 

13/12/2005 [Appointments]

 

Share Capital:

 

3.006

 

 

Localization:

 

AV/ DE ESPAÑA, 20 1 C. - ALCOBENDAS - 28100 - MADRID

 

 

Activity:

 

 

NACE:

 

4322 - Plumbing, heat and air conditioning installation

 

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)

 

 

4

 

 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

 

 

 

Investigation Result: NEGATIVE

 

The procedures performed have not allowed for confirmation of the holder's address. Consulted the telephone information service (Telefónica and other telephone companies), ELECTRIDECOR 2005 S.L. does not have any telephone number registered under its name in the province of Madrid. All the consulted sources of the neighborhood gave out negative results. We also tried to locate it through its administrator, but we did not get any additional information. Searches made in the credit institutions of the neighborhood, stated that they did not have the subject among their customers. Between 2009 and 2010 there are legal claims registered against its name with public finances and local administration. Consultations carried out in the Companies Registry, the company has no accounts filed since its incorporation. With this, we conclude our investigations.

 

 

 

 identification

 

 

Social Denomination:

 

ELECTRIDECOR 2005 S.L.

 

NIF / Fiscal code:

 

B84354182

 

Corporate Status:

 

ACTIVE

 

Start of activity:

 

2005

 

Registered Office:

 

AV/ DE ESPAÑA, 20 1 C.

 

Locality:

 

ALCOBENDAS

 

Province:

 

MADRID

 

Postal Code:

 

28100

 

 

Activity

 

 

NACE:

 

4322

 

Additional Information:

 

Plant, warehouse and offices located at AV/ DE ESPAÑA, 20 1 C. 28100 ALCOBENDAS, MADRID.

 

Import / export:

 

DOES NOT IMPORT / DOES NOT EXPORT

 

 

Chronological Summary 

 

 

 

 

Year

 

Act

 

 

 

 

 

2005

 

Appointments/ Re-elections (3) Cessations/ Resignations/ Reversals (1) Company Formation (1) Statutory Modifications (1)

 

 

 

 

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

 

07/11/2005

 

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

 

FIGUEROA OREJUELA FAYSURY

 

28/11/2005

 

2

 

PROXY

 

TORRES RON DAVID

 

28/11/2005

 

2

 

 

Historical Social Bodies

 

 

Social Body's Name

 

Post published

 

End Date

 

Other Positions in this Company

 

FIGUEROA OREJUELA FAYSURY

 

JOINT MANAGER

 

28/11/2005

 

2

 

TORRES RON DAVID

 

JOINT MANAGER

 

28/11/2005

 

2

 

 

 Executive board

 

 

Post

 

NIF

 

Name

 

ADMINISTRATOR

 

 

FAYSURY FIGUEROA OREJUELA

 

DIRECTOR/GENERAL MANAGER

 

 

FAYSURY FIGUEROA OREJUELA

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 ).

 

 

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

 

 

4

 

---

 

15/05/2009

 

04/01/2010

 

Notices of defaults and enforcement

 

 

3

 

---

 

 

---

 

Seizures

 

 

---

 

---

 

 

---

 

Auctions

 

 

---

 

---

 

 

---

 

Declarations of insolvency and bad debt

 

 

---

 

---

 

 

---

 

Proceedings heard by the Civil Court

 

 

Unpublished

 

---

 

 

 

Proceedings heard by the Labour Court

 

 

Unpublished

 

---

 

 

 

  

 Basis for rating

 

 

Positive Factors

 

Adverse Factors

 

 

It belongs to a sector in contractionshowing negative Gross Added Value rates in the sector.

Demand contraction may continue due to public investment reduction plans and to a decrease in projects financed with various local development Funds.

Possible difficulty accessing financing. Uncertainties about economic recovery will hinder access to financing for new projects or for short-term liquidity needs.

 

 

 Probability of default

 

The company's comparative analysis with the rest of the companies that comprise the sector, shows the company holds a worse position with regard to the probability of non-compliance.

The 99% of the companies of the sector ELECTRIDECOR 2005 S.L. belongs to shows a lower probability of non-compliance.

 

The probability of the company's non-compliance with its payment obligations within deadlines estimated by our qualifications models is 39.57%.

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.

 

 

 

 

 

 

 

 

 

 

 

   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

 

3 Legal Claims for a total cost of 0,00 E

 

 

 

   Incidences with the Social Security

 

 No se han publicado 

 

 

 

   Incidences with the Autonomous Administration

 

 No se han publicado 

 

 

 

   Incidences with the Local Administration

 

1 Incidence for a total cost of 0,00 E

 

   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 

 

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 14/12/2009

 

 

Last Published Stage:

 

SEIZURE

 

Record Number:

 

0999169105531

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

B.O.E. Nº307, 2009 PAGINA 157824

 

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 06/11/2009

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

0999159652508

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

B.O.E. Nº277, 2009 PAGINA 143227

 

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 15/05/2009

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

0999019056924

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

B.O.E. Nº118, 2009 PAGINA 57747

 

 

 

  PROCESSED BY THE LOCAL GOVERNMENT DE ALCOBENDAS (MADRID) - Date 04/01/2010

 

 

Last Published Stage:

 

SEIZURE

 

Record Number:

 

754569

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

ADMINISTRACION LOCAL

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

BOLETIN OFICIAL DE LA COMUNIDAD DE MADRID Nº30, 2010 PAGINA 138

 

 

Turnover

 

 

Total Sales

 

278.791,70

 

 

CASHFLOW STATEMENT Model: Consolidated

 

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

 

 

 FINANCIAL DIAGNOSIS

 

 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

 

Consulted the telephone information service (Telefónica and other telephone companies), ELECTRIDECOR 2005 S.L. does not have any telephone number registered under its name in the province of Madrid. All the consulted sources of the neighborhood gave out negative results. We also tried to locate it through its administrator, but we did not get any additional information. Searches made in the credit institutions of the neighborhood, stated that they did not have the subject among their customers. Between 2009 and 2010 there are legal claims registered against its name with public finances and local administration. Consultations carried out in the Companies Registry, the company has no accounts filed since its incorporation. With this, we conclude our investigations.

 

 

 Sources

 

 

Registry of Commerce's Official Gazette. Own and external data bases Company References

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.56

UK Pound

1

Rs.100.77

Euro

1

Rs.84.71

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.