MIRA INFORM REPORT
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Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
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Name : |
INFINITY MERCHANT SOCIEDAD LIMITADA |
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Registered Office : |
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Country : |
Spain |
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Date of Incorporation : |
07.03.2005 |
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Legal Form : |
Sole-partnered Limited Liability Company |
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Line of Business : |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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
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 |
company name and address
INFINITY MERCHANT SOCIEDAD LIMITADA
CIF/NIF: B97565949
Company situation: Non compliance of the filing account obligation
- Deregistration mercantile register sheet file (article 378.1 of
the Mercantile Register regulation) (Date: 27/09/2013)
Answer to the data
in your request
The data of your request have been confirmed and are correct except the
telephone number. The correct is 631566012.
Other Complementary Information
According to the consultation made 27/09/2013 on the Registrars official
website, subject company has a deregistration on its commercial registry sheet
file because it has not filed its accounts.
The NIF provided is not registered as IVA (VAT) operator.
Financial Information
Eventhough this company is obliged to file its balance sheet in the
Mercantile Register, no official balance sheet is available since yours
constitution.
Address
The address mentioned in your request is a branch
EXECUTIVE SUMMARY
Identification
Current Business Name: INFINITY MERCHANT
SOCIEDAD LIMITADA
Other names: NO
Current Address: CALLE PINTOR GENARO LAHUERTA, 47 - 4 15
Branches: 1
Trade Risk
Incidents: YES
R.A.I.: NO
Financial Information
Share capital: 3.006,00 €
Employees: 0
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 07/03/2005
Activity: Wholesale of other products
NACE 2009 CODE: 4690
International Operations: Imports and Exports
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest act published in BORME: 26/10/2010 Other concepts
Latest press article: No press articles registered for this
company
Bank Entities: There are
Current situation
Non compliance of the filing account obligation
- Deregistration mercantile register sheet file (article 378.1 of
the Mercantile Register regulation) (Date: 27/09/2013)
Historical situations
of the company
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Commercial activities proceeding: |
Active (Date: 27/09/2013) No trace according to our sources (Date: 25/05/2012) |
INCIDENTS 
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: 3 ( Last:12/11/2007 , first:
17/09/2007 )
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With the Social Security: |
3 |
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With the Tax Authorities: |
0 |
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With Other Official bodies: |
0 |
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AFFECTED BY: No significant element.
Latest Administrative Claims
figures expressed in €
WITH THE SOCIAL SECURITY.
Enforcement
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DATE |
ORGANIZATION |
AMOUNT |
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12/11/2007 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
421,25 |
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15/10/2007 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
421,25 |
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17/09/2007 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
421,25 |
There are 3 administrative claims with the Social Security
registered
Detail of the Latest Administrative Claims
figures expressed in €
Enforcement
WITH THE SOCIAL SECURITY.
Phase: ENFORCEMENT
Organization: CENTRAL TREASURY FOR SOCIAL
SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL
Concept: Share
Date of the claim: 12/11/2007
Period: 0307 0307
Source: Published in the VALENCIA
Gazette, on 26/11/2007, page 20
Amount: 421,25
figures expressed
in €
Enforcement
WITH THE SOCIAL SECURITY.
Phase: ENFORCEMENT
Organization: CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION
PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL
Concept: Share
Date of the claim: 15/10/2007
Period: 0207 0207
Source: Published in the VALENCIA Gazette, on 02/11/2007,
Amount: 421,25
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI -
SECTORIAL DEFAULTS OF PAYMENT
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
24/09/2013 08:09:45
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
ADDRESSES
Current Legal Seat Address:
CALLE PINTOR GENARO LAHUERTA, 47 - 4 15
46010 VALENCIA
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STREET |
POSTAL CODE |
TOWN |
PROVINCE |
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PLAZA SANTA MONICA, 4 - B |
46009 |
VALENCIA |
Valencia |
There are 1 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
16/11/2005)
Operative Board Members : 1 (latest change: 27/09/2013)
Main Board members, Directors and Auditor
Governing body
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POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
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SOLE ADMINISTRATOR |
UBIARU MACPHERSON NDUKWO |
16/11/2005 |
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There are 1 board members, directors and auditors registered
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POSITION |
NAME AND SURNAME |
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Manager |
MACPHERSON NDUKWO, UBIARU |
FINANCIAL LINKS
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
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UBIARU MACPHERSON NDUKWO |
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100,00 |
OWN SOURCES |
27/09/2013 |
There are 1 direct financial links through shareholders
registered
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”UBIARU MACPHERSON NDUKWO”
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COMPANY |
POSITION |
PROVINCE |
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HERITAGE VENTURES SOCIEDAD LIMITADA. |
Administrador Único |
VALENCIA |
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GEEMARC APPAREL ENTERTAINMENT SOCIEDAD LIMITADA. |
Administrador Único |
VALENCIA |
In case you need more information you can request:Board Members
Monitoring
BUSINESS INFORMATION
Incorporation date: 07/03/2005
Activity: Wholesale of other products
NACE 2009 CODE: 4690
NACE 2009 Activity: Non-specialised wholesale trade
Business: SECTION 2. PURPOSE. THE COMPANY
IS TO RETAIL TRADE AND IMPORT AND EXPORT OF ANY PRODUCTS, EXCLUDING THOSE
ACTIVITIES AND PRODUCTS SUBJECT TO SPECIAL LEGISLATION
Activity description: Import and export of all kinds of products (agricultural, minerals,
natural resources,
cotton
....)
Latest employees figure: 0 (2013)
COMMERCIAL OPERATIONS
SALES
Exports to: AFRICA
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ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
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BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
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There are 1 bank entities registered
The bank entity with which it currently operates refuses to provide any
kind of information.
LEGAL STRUCTURE
Constitution Data
Register Date: 07/03/2005
Register town: Valencia
Announcement number: 481381
Register data:
Volume 8270, Book 5561, Folio 37, Section 8, Sheet 107605,
Inscription I/A 1 (2005-10-31)
Share capital: 3.006 €
Legal form: Sole-partnered
Limited Liability Company
Share capital: 3.006,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
B.O.R.M.E.
(OFFICIAL GAZETTE OF THE
MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 1 (Last: 16/11/2005)
Acts on capital: 0
Acts on creation: 1 (Last: 16/11/2005)
Acts on filed accounts: 0
Acts on identification: 0
Acts on Information: 2 (Last: 26/10/2010, first:
16/11/2005)
Latest acts in B.O.R.M.E.
Other acts
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ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
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Other concepts |
26/10/2010 |
396710 |
Valencia |
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Appointments |
16/11/2005 |
481381 |
Valencia |
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Declaration of individual ownership |
16/11/2005 |
481381 |
Valencia |
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Constitution |
16/11/2005 |
481381 |
Valencia |
There are 4 acts registered
Press articles
No press articles registered for this company
FINANCIAL INFORMATION
MODEL BALANCE SHEET
As it has not been possible to obtain financial information of the requested
company we do hereby detail a model balance sheet of the same sector with the
characteristics of the company.
SITUATION BALANCE-SHEET
Assets
Figures given in €
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% ASSETS |
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A) NON CURRENT ASSETS |
1.304,69 |
0,80 |
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I. Intangible assets |
7,49 |
0,00 |
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II. Tangible fixed assets |
1.297,20 |
0,80 |
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III. Real-estate investments |
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IV. Long term investments in associated and affiliated companies |
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V. Long Term Financial Investments |
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VI. Assets by deferred taxes |
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VII. Non current commercial debts |
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B) CURRENT ASSETS |
161.805,97 |
99,20 |
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I. Stocks |
146.507,38 |
89,82 |
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II. Trade Debtors and other receivable accounts |
15.298,59 |
9,38 |
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1. Clients |
15.295,95 |
9,38 |
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b) Clients for sales and short term services
rendering |
15.295,95 |
9,38 |
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3. Other debtors |
2,64 |
0,00 |
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III. Short term investments in associated and affiliated companies |
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IV. Short term financial investments |
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V. Short term periodifications |
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VI. Cash and equivalents |
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TOTAL ASSETS (A + B) |
163.110,66 |
100,00 |
Net Worth and Liabilities
Figures given in €
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% ASSETS |
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A) NET WORTH |
-48.586,80 |
-29,79 |
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A-1) Equity |
-48.586,80 |
-29,79 |
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I. Capital |
10.000,00 |
6,13 |
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1. Authorized capital |
10.000,00 |
6,13 |
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II. Issue premium |
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III. Reserves |
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IV. (Net worth own shares and participations) |
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V. Results from previous years |
-58.690,85 |
-35,98 |
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VI. Other loans from partners |
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VII. Exercise Result |
104,05 |
0,06 |
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VIII. (Interim dividend) |
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A-2) Value changes adjustments |
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A-3) Received legacies, grants and subventions |
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B) NON CURRENT LIABILITIES |
117.343,40 |
71,94 |
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I. Long term provisions |
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II. Long term debts |
117.343,40 |
71,94 |
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1. Debts with bank entities |
117.343,40 |
71,94 |
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III. Long term debts with associated and affiliated companies |
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IV. Liabilities by deferred taxes |
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V. Long term periodifications |
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VI. Non current trade creditors |
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VII. Long term debts with special characteristics |
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C) CURRENT LIABILITIES |
94.354,06 |
57,85 |
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I. Short term provisions |
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II. Short term debts |
4.341,69 |
2,66 |
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1. Debts with bank entities |
502,72 |
0,31 |
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3. Other short term debts |
3.838,97 |
2,35 |
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III. Short term debts with associated and affiliated companies |
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IV. Trade creditors and other payable accounts |
90.012,37 |
55,18 |
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1. Suppliers |
75.182,18 |
46,09 |
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b) Short term suppliers |
75.182,18 |
46,09 |
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2. Other creditors |
14.830,19 |
9,09 |
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V. Short term periodifications |
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VI. Short term debts with special characteristics |
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TOTAL NET WORTH AND LIABILITIES (A + B + C) |
163.110,66 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in €
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%OPERATING INCOME |
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1. Net Turnover |
80.049,39 |
100,00 |
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2. Variation in stocks of finished goods and work in progress |
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3. Works for its own assets |
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4. Supplies |
-4.296,70 |
-5,37 |
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5. Other operating income |
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6. Labour cost |
-36.399,39 |
-45,47 |
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7. Other operating costs |
-34.375,92 |
-42,94 |
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8. Amortization of fixed assets |
-324,30 |
-0,41 |
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9. Allocation of subventions on non financial investments and other |
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10. Provisions excess |
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11. Deterioration and result for fixed assets disposal |
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12. Other results |
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A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) |
4.653,08 |
5,81 |
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13. Financial income |
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14. Financial expenses |
-4.549,03 |
-5,68 |
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15. Reasonable value variation on financial instruments |
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16. Exchange differences |
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17. Deterioration and result for disposal of financial instruments |
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18. Other financial income and expenses |
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B) FINANCIAL RESULT (13 + 14 + 15 + 16 + 17 + 18) |
-4.549,03 |
-5,68 |
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C) RESULT BEFORE TAXES (A + B) |
104,05 |
0,13 |
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19. Taxes on profits |
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D) EXERCISE RESULT (C + 19) |
104,05 |
0,13 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
For the financial statements presented under the SME’s model (PYMES),
the ‘Net Worth Changes Status’ is formed by a single table. For the rest of the
cases there would be shown the two tables corresponding to the mentioned status
with the exception of the company not having operations reflected in the
‘Status of recognized income and expenses’ and that, for this reason, it has no
data.
Total net worth changes status
Figures given in €
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NET WORTH CHANGES ( 1 /1) |
AUTHORIZED CAPITAL |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
TOTAL |
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FINAL ACCOUNT BALANCE OF EXERCISE |
10.000,00 |
-58.821,82 |
130,97 |
-48.690,85 |
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I. Adjustments by change of criteria in the exercise |
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II. Adjustments by errors in the exercise |
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ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE |
10.000,00 |
-58.821,82 |
130,97 |
-48.690,85 |
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I. Profit and loss account result |
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104,05 |
104,05 |
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II. Recognized income and expenses in net worth |
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III. Operations with partners or owners |
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IV. Other net worth variations |
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130,97 |
-130,97 |
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FINAL ACCOUNT BALANCE OF EXERCISE |
10.000,00 |
-58.690,85 |
104,05 |
-48.586,80 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.78 |
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1 |
Rs.101.42 |
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Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<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.