MIRA INFORM REPORT

 

 

Report Date :

02.08.2014

 

IDENTIFICATION DETAILS

 

Name :

INVERSIONES IMPORTACIONES Y EXPORTACIONES SL

 

 

Registered Office :

C/ Riobamba, 8 2°- B. - Madrid - 28027 - Madrid

 

 

Country :

Spain

 

 

Date of Incorporation :

04.10.2001

 

 

Legal Form :

Private Company

 

 

Line of Business :

Wholesale of wood, construction materials and sanitary equipment

 

 

No. of Employees

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit:

8.000 Euro

 

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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

 

Spain experienced a prolonged recession in the wake of the global financial crisis. GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. Economic growth resumed in late 2013, albeit only modestly, as credit contraction in the private sector, fiscal austerity, and high unemployment continued to weigh on domestic consumption and investment. Exports, however, have been resilient throughout the economic downturn, partially offsetting declines in domestic consumption and helped to bring Spain's current account into surplus in 2013 for the first time since 1986. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, straining Spain's public finances as spending on social benefits increased while tax revenues fell. Spain’s budget deficit peaked at 11.4% of GDP in 2009. Spain gradually reduced the deficit to just under 7% of GDP in 2013, slightly above the 6.5% target negotiated between Spain and the EU. Public debt has increased substantially – from 60.1% of GDP in 2010 to 93.4% in 2013. Rising labor productivity, moderating labor costs, and lower inflation have helped to improve foreign investor interest in the economy and to reduce government borrowing costs. The government's ongoing efforts to implement reforms - labor, pension, health, tax, and education - are aimed at supporting investor sentiment. The government also has shored up struggling banks exposed to Spain's depressed domestic construction and real estate sectors by successfully completing an EU-funded restructuring and recapitalization program in December 2013.

 

Source : CIA

 

 

 

EXECUTIVE SUMMARY

 

 

Name:

 

INVERSIONES IMPORTACIONES Y EXPORTACIONES SL

 

NIF / Fiscal code:

 

B83115931

 

Status:

 

ACTIVE

 

Incorporation Date:

 

04/10/2001

 

Register Data

 

Register Section 8 Sheet 290410

 

Last Publication in BORME:

 

07/10/2005 [Appointments]

 

Last Published Account Deposit:

 

2003

 

Share Capital:

 

3.006

 

 

Localization:

 

C/ RIOBAMBA, 8 2°- B. - MADRID - 28027 - MADRID

 

Telephone - Fax - Email - Website:

 

Ph.:. 915497858  

 

 

Activity:

 

 

NACE:

 

4673 - Wholesale of wood, construction materials and sanitary equipment

 

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

Maximum recommended commercial credit:

8.000

 

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)

 

 

9

 

 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:

 

JOINT MANAGER 2

 

 

 

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. There is no telephone under subjects name registered in Madrid, as signaled in all of our consults made through available operators. The phone number we had under his name was 915497858, but the person who answers denies knowing the subject. Efforts made in the address mentioned and all consulted neighbours deny knowing the subject, as well as who lives in the flat mentioned, where there is no name apperaing in the mailbox. We have consulted the Trade Registry which indicates the last balance sheet presented on the company is from 2003. There are notifications of execution, nine as a total, three from 2009, three from 2012 and three from 2013. Some banks have been consulted next to the address mentioned, with negative results. So, after we did not have any other information sources, we concluded herein work. We provide you with this information for the purposes you consider appropriate.

 

 

Identification

 

 

Social Denomination:

 

INVERSIONES IMPORTACIONES Y EXPORTACIONES SL

 

NIF / Fiscal code:

 

B83115931

 

Corporate Status:

 

ACTIVE

 

Start of activity:

 

2001

 

Registered Office:

 

C/ RIOBAMBA, 8 2°- B.

 

Locality:

 

MADRID

 

Province:

 

MADRID

 

Postal Code:

 

28027

 

Telephone:

 

915497858

 

 

Activity

 

 

NACE:

 

4673

 

Additional Information:

 

Plant, warehouse and offices located on

 

Import / export:

 

IMPORTS / EXPORTS

 

 

Chronological Summary

 

 

 

 

Year

 

Act

 

 

 

 

 

2001

 

Appointments/ Re-elections (1) Company Formation (1)

 

 

 

 

 

2002

 

Appointments/ Re-elections (1) Change of Social Purpose (1) Change of Social address (1)

 

 

 

 

 

2005

 

Accounts deposit (ejer. 2001, 2002, 2003) Appointments/ Re-elections (1)

 

 

 

 

Main Historic Changes

 

 

Concept

 

Publication

 

Act

 

Date

 

Corporate Purpose Changes:

 

LA IMPORTACION. EXPORTACION Y COMERCIALIZACION DE TODA CLASE DE MATERIALES DE CONSTRUCCION. SERVICIOS Y BIENES DE EQUIPO

 

Company Formation

 

22/11/2001

 

 

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

 

06/11/2001

 

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

 

JOINT MANAGER

 

TENORIO POVEDA JAVIER FERNANDO

 

06/11/2001

 

1

 

 

PULGARIN ECHAVARRIA JOHN DAIRO

 

06/11/2001

 

1

 

PROXY

 

GARCIA MAJANO JESUS

 

27/09/2005

 

1

 

 

BUIL PUEYO JOAQUIN

 

07/05/2002

 

1

 

  

Executive board

 

 

Post

 

NIF

 

Name

 

ADMINISTRATOR

 

 

JAVIER FERNANDO TENORIO POVEDA

 

ADMINISTRATOR

 

 

JOHN DAIRO PULGARIN ECHAVARRIA

 

 

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

 

 

9

 

---

 

15/05/2009

 

08/03/2013

 

Notices of defaults and enforcement

 

 

9

 

---

 

 

---

 

Seizures

 

 

---

 

---

 

 

---

 

Auctions

 

 

---

 

---

 

 

---

 

Declarations of insolvency and bad debt

 

 

---

 

---

 

 

---

 

Proceedings heard by the Civil Court

 

 

Unpublished

 

---

 

 

 

Proceedings heard by the Labour Court

 

 

Unpublished

 

---

 

 

 

 > Details

 

 

Probability of default

 

> Probabilidad Estimada de Impago para los próximos 12 meses:  3.704 %

> Latest Rating Changes :

 

 

Sector in which comparison is carried out :

467 Other specialised wholesale

 

 

Relative Position:

 Credit quality is superior to that of other companies in the same sector.

 

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 3.704%.

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.

  

 

Result of query submitted to the R.A.I. (Spanish Bad Debt Register) on LEGAL CLAIMS

 

 

Summary of Judicial Claims

 

 

 

 

 

 

 

 

 

 

 

   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

 

9 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

 

 No se han publicado 

 

   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 

 

 Incidences Detailed

 

Incidences with the Tax Agency

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 08/03/2013

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

1399028498560

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

TABLON DE EDICTOS Y ANUNCIOS DE LA AGENCIA TRIBUTA Nº19, 2013 PAGINA 1

 

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 08/03/2013

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

1399028498514

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

TABLON DE EDICTOS Y ANUNCIOS DE LA AGENCIA TRIBUTA Nº19, 2013 PAGINA 1

 

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 08/03/2013

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

1399028498606

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

TABLON DE EDICTOS Y ANUNCIOS DE LA AGENCIA TRIBUTA Nº19, 2013 PAGINA 1

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 24/08/2012

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

1299100394955

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

TABLON DE EDICTOS Y ANUNCIOS DE LA AGENCIA TRIBUTA Nº67, 2012 PAGINA 1

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 24/08/2012

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

1299100394946

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

TABLON DE EDICTOS Y ANUNCIOS DE LA AGENCIA TRIBUTA Nº67, 2012 PAGINA 1

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 24/08/2012

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

1299100394937

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

TABLON DE EDICTOS Y ANUNCIOS DE LA AGENCIA TRIBUTA Nº67, 2012 PAGINA 1

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 15/06/2009

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

0999018394660

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

B.O.E. Nº151, 2009 PAGINA 74838

 

 

  BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 15/06/2009

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

0999018394679

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

B.O.E. Nº151, 2009 PAGINA 74838

 

 

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

 

 

Last Published Stage:

 

EXECUTION NOTIFICATION

 

Record Number:

 

0999008762271

 

Amount of the incidence:

 

0,00 E

 

Requested by:

 

HACIENDA PUBLICA

 

Published domicile:

 

(DESCONOCIDA)

 

Source:

 

B.O.E. Nº118, 2009 PAGINA 57683

 

 

Turnover

 

 

Total Sales

 

1.003.405,61

 

  

Financial Accounts and Balance Sheets

 

Financial Years Presented

 

 

Ejercicio

 

Tipo de Cuentas Anuales

 

Fecha Presentacion

 

2003

 

Normales

 

April  2005

 

2002

 

Normales

 

April  2005

 

2001

 

Normales

 

April  2005

 

 

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.

 

 

News

 

Public Tenders and Works Won

 

No Public Tenders assigned to the name of the company.

 

 

Research Summary

 

There is no telephone under subjects name registered in Madrid, as signaled in all of our consults made through available operators. The phone number we had under his name was 915497858, but the person who answers denies knowing the subject. Efforts made in the address mentioned and all consulted neighbours deny knowing the subject, as well as who lives in the flat mentioned, where there is no name apperaing in the mailbox. We have consulted the Trade Registry which indicates the last balance sheet presented on the company is from 2003. There are notifications of execution, nine as a total, three from 2009, three from 2012 and three from 2013. Some banks have been consulted next to the address mentioned, with negative results. So, after we did not have any other information sources, we concluded herein work. We provide you with this information for the purposes you consider appropriate.

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.85

UK Pound

1

Rs.102.69

Euro

1

Rs.81.46

                

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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