MIRA
INFORM REPORT
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Report Date : |
19.10.2013 |
IDENTIFICATION DETAILS
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Name : |
MOTUBE SOCIEDAD ANONIMA |
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Registered Office : |
Av/ De Europa,
33, |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Year of Establishments: |
1991 |
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Com. Reg. No.: |
A29950094 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
Wholesaler of
Outfitter, Lingerie, haberdashery |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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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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 |
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
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Source : CIA |
Company
name & address
Motube Sociedad Anonima
Av/ De Europa,
33.
Melilla, 52001
Spain
Tel: +(34) 952670722
Fax: +(34) 952670345
Synthesis
Employees: 11
Company Type: Public
Independent
Incorporation
Date: 1991
Financials in: USD (Millions)
Fiscal Year End: 21-Aug-2013
Reporting
Currency: Euro
Annual Sales: 43.8 1
Net Income: 0.3
Total Assets: 3.8
Business
Description
Wholesaler of
Outfitter, Lingerie, haberdashery
Industry
Industry Miscellaneous Wholesale
ANZSIC 2006: 3739 - Other Goods Wholesaling Not
Elsewhere Classified
ISIC Rev 4: 4690 - Non-specialized wholesale trade
NACE Rev 2: 4690 - Non-specialised wholesale trade
NAICS 2012: 423990 - Other Miscellaneous Durable Goods
Merchant Wholesalers
UK SIC 2007: 4690 - Non-specialised wholesale trade
US SIC 1987: 5099 - Durable Goods, Not Elsewhere
Classified
Key
Executives
|
Name |
Title |
|
Tuhami Mohamed M Hamed |
Administrator, Director/General Manager |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7662201
2 - Balance Sheet
Item Exchange Rate: USD 1 = EUR 0.7449273
Corporate
Overview
Location
Av/ De Europa, 33.
Melilla, 52001
Spain
Tel: +(34)
952670722
Fax: +(34)
952670345
Sales EUR(mil): 33.6
Assets EUR(mil): 2.8
Employees: 11
Fiscal Year End: 21-Aug-2013
Industry: Miscellaneous Capital Goods
Incorporation Date: 1991
Company Type: Public Independent
Quoted Status: Not Quoted
Registered No.(ESP): A29950094
Administrator,
Director/General Manager:
Tuhami Mohamed M
Hamed
Industry Codes
ANZSIC 2006
Codes:
3739 - Other
Goods Wholesaling Not Elsewhere Classified
ISIC Rev 4 Codes:
4690 - Non-specialized
wholesale trade
NACE Rev 2 Codes:
4690 - Non-specialised
wholesale trade
NAICS 2012 Codes:
423990 - Other
Miscellaneous Durable Goods Merchant Wholesalers
US SIC 1987:
5099 - Durable
Goods, Not Elsewhere Classified
UK SIC 2007:
4690 - Non-specialised
wholesale trade
Business Description
Wholesaler of Outfitter, Lingerie, haberdashery
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Executive report
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Executives |
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Administrator, Director/General Manager |
Division Head Executive |
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Annual
Profit & Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Charges |
42.8 |
25.7 |
14.0 |
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Staff Costs |
0.5 |
0.5 |
0.4 |
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Wages and Salaries |
0.4 |
0.4 |
0.4 |
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Social Security Costs |
0.0 |
0.0 |
0.0 |
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Depreciation |
0.0 |
0.0 |
0.0 |
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Other Operating Charges |
0.3 |
0.3 |
0.2 |
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Operating Benefits |
0.4 |
0.3 |
0.2 |
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Financials and Similar Charges |
0.0 |
0.0 |
0.0 |
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Due to Other
Liabilities |
0.0 |
0.0 |
0.0 |
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Losses from Financial
Investments |
0.0 |
0.0 |
0.0 |
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Profit From Ordinary Activities |
0.3 |
0.2 |
0.2 |
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Extraordinary Expenses |
0.0 |
- |
- |
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Profit Before Taxes |
0.3 |
0.2 |
0.2 |
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Corporation Tax |
0.1 |
0.0 |
0.0 |
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Financial Year Result (Profit) |
0.3 |
0.2 |
0.1 |
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Income |
43.1 |
25.9 |
14.2 |
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Net Total Sales |
43.1 |
25.9 |
14.2 |
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Gains from Exchange Rate |
0.0 |
- |
- |
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Negative Financial Results |
0.0 |
0.0 |
0.0 |
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Negative Extraordinary Results |
0.0 |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Total Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
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Financial Investments |
0.1 |
0.1 |
0.1 |
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Total Fixed Assets |
0.1 |
0.1 |
0.1 |
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Total Stocks |
2.9 |
1.9 |
1.9 |
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Total Debtors |
0.5 |
0.8 |
0.6 |
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Total Short-Term Investments |
- |
- |
0.0 |
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Cash |
0.2 |
0.3 |
0.0 |
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Total Current Assets |
3.6 |
2.9 |
2.6 |
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Total Assets |
3.7 |
3.0 |
2.7 |
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Total Reserves |
0.1 |
0.1 |
0.1 |
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Profit or Loss Brought Forward |
1.8 |
1.6 |
1.5 |
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Profit or Loss for the Financial Year |
0.3 |
0.2 |
0.1 |
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Total Equity |
2.3 |
2.0 |
1.8 |
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Total Long Term Liabilities |
0.7 |
0.6 |
- |
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Total Short Term Creditors |
0.7 |
0.4 |
0.9 |
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Total Liabilities and Equity |
3.7 |
3.0 |
2.7 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.28 |
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UK Pound |
1 |
Rs.99.03 |
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Euro |
1 |
Rs.83.80 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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 |
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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.