MIRA INFORM REPORT

Report Date :

11.12.2014

IDENTIFICATION DETAILS

Name :	VILAGALLO RETAIL SL

Registered Office :	C/ Forjadores, 30 - Boadilla Del Monte - 28660 - Madrid

Country :	Spain

Financials (as on) :	31.12.2013

Date of Incorporation :	14.05.2010

Legal Form :	Private Company

Line of Business :	Wholesale of Clothing and Footwear.

No. of Employees :	6

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No Complaints

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Spain

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:

VILAGALLO RETAIL SL

NIF / Fiscal code:

B85976025

Status:

ACTIVE

Incorporation Date:

14/05/2010

Register Data

Last Publication in BORME:

01/07/2010 [Appointments]

Last Published Account Deposit:

2013

Share Capital:

3.300

Localization:

C/ Forjadores, 30 - BOADILLA DEL MONTE - 28660 - MADRID

Telephone - Fax - Email - Website:

Ph.: 915 773 317

Website. www.vilagallo.es

Number of Branches

Activity:

NACE:

4642 - Wholesale of clothing and footwear

Registered Trademarks:

Audited / Opinion:

Tenders and Awards:

0 for a total cost of 0

Subsidies:

2 for a total cost of 7339.679999999999

Quality Certificate:

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)

None

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Partners

INVESTIGATION SUMMARY

The firm established in 2010, dedicated to the distribution and sale of clothing, footwear and accessories for ladies. It operates both nationally and internationally. There is no evidence of any defaults. In light of foregoing we consider it apt to keep been related to risk operations in accordance with its size.to risk commensurate with its size.

Identification

Social Denomination:

VILAGALLO RETAIL SL

NIF / Fiscal code:

B85976025

Corporate Status:

ACTIVE

Start of activity:

2010

Registered Office:

C/ Forjadores, 30

Locality:

BOADILLA DEL MONTE

Province:

MADRID

Postal Code:

28660

Telephone:

915 773 317

Website:

www.vilagallo.es

Interviewed Person:

This information was obtained through indirect sources, due to the refusal by the responsible members of society to provide any collaboration.

Branch office

Address

Postal Code

City

Province

Velázquez, 44

28001

Madrid

Hermosilla, 35

28001

Madrid

Activity

NACE:

4642

Additional Information:

Retail and wholesale of clothes, footwear and accesoring for ladies.

Franchise:

Import / export:

does not Import / Export

Future Perspective:

Consolidation

Industry situation:

Maturity

Number of employees

Year

No. of employees

Established

Incidentals

2013

Chronological Summary

Year

Act

2010

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

2012

Accounts deposit (ejer. 2010, 2011)

2014

Accounts deposit (ejer. 2012, 2013)

Breakdown of Owners' Equity

Registered Capital:

3.300

Paid up capital:

3.300

Updated Evolution of the Subscribed and Paid-in Capital

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

17/06/2010

Company Formation

3.300

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

JOINT MANAGER

RODRIGUEZ GARCIA ALBERTO

17/06/2010

VILLALON DE CASTRO INES

17/06/2010

GALLO DOMINGO BEATRIZ ASCENSION

17/06/2010

Executive board

Post

NIF

Name

ADMINISTRATOR

ALBERTO RODRIGUEZ GARCIA

ADMINISTRATOR

BEATRIZ ASCENSION GALLO DOMINGO

ADMINISTRATOR

INES VILLALON CASTRO

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

---

date

Proceedings

---

Resolution

---

Defaults on debt with Financial Institutions and Large Companies

Bank and Commercial Delinquency

None

Status: Friendly

---

Status: Pre-Litigation

---

Status: Litigation

---

Status: Non-performing

---

Status: insolvency proceedings, bankruptcy and suspension of payments

---

Other status

---

Legal and Administrative Proceedings

Unpublished

---

Notices of defaults and enforcement

---

Seizures

---

Auctions

---

Declarations of insolvency and bad debt

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Basis for scoring

Positive Factors

Adverse Factors

No judicial claims have been detected in the Official Gazettes, regarding any Entity's outstanding debts with the Tax Bureau or Social Security administrations, as submitted by Courts of the various court jurisdictions.

No irregular payment performance has been detected based on information obtained from credit bureaus.

Adequate level of financial autonomy. The financial autonomy of the entity represents the 37.98 %. In principle, an increase in this ratio would indicate an improvement in the corporate's balace sheets.

The current debt represents a 62.02of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation.

It has financial profitability.. VILAGALLO RETAIL SLobtains financial return as a consequence of an investment in its own resources which, a priori, might improve its financial and economic situation.

Probability of default

> Estimated Probability of Default for the next 12 months: 0.870 %

> Latest Scoring Changes:

Sector in which comparison is carried out:

464 Wholesale of household goods

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 98.00% of the companies of the sector VILAGALLO RETAIL SL belongs to show a higher probability of non-compliance.

The probability of the company's non-compliance with its payment obligations within deadlines estimated by our qualifications models is 0.870%.

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

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

No se han publicado

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

Turnover

Total Sales 2013

1.907.630,33

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2013

Normales

October 2014

2012

Normales

February 2014

2011

Normales

September 2012

2010

Normales

February 2012

The data in the report regarding the last Company Accounts submitted by the company is taken from the TRADE REGISTER serving the region in which the company's address is located 31/12/2013

> Balance en formato Pyme de acuerdo al Nuevo Plan General Contable 2007

Information corresponding to the fiscal year 2013 2012 2011 2010 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2013 2012 2011 2010 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did not establish relevant equivalence criteria. To view details on the methodology.

ORIGINAL

Assets

2013

2012

2011

2010

A) NON-CURRENT ASSETS: 11000

7.626,00

8.200,00

9.152,00

0,00

I. Intangible fixed assets : 11100

0,00

II. Tangible fixed assets : 11200

7.626,00

8.200,00

9.152,00

0,00

III. Real estate investment: 11300

0,00

IV. Long-term investments in Group companies and associates : 11400

0,00

V. Long-term financial investments: 11500

0,00

VI. Assets for deferred tax : 11600

0,00

VII. Non-current trade debtors : 11700

0,00

B) CURRENT ASSETS: 12000

567.460,00

444.973,00

390.855,00

60.633,00

I. Stocks : 12200

0,00

II. Trade debtors and others receivable accounts : 12300

220.567,00

208.443,00

168.056,00

-1.309,00

1. Trade debtors / accounts receivable: 12380

115.106,00

81.481,00

44.444,00

-1.309,00

a) Long-term receivables from sales and services supplied : 12381

0,00

b) Customers for sales and provisions of services : 12382

115.106,00

81.481,00

44.444,00

-1.309,00

2. Called up share capital: 12370

0,00

3. Other accounts receivable : 12390

105.461,00

126.961,00

123.612,00

0,00

III. Short-term investment in Group companies and associates: 12400

0,00

IV. Short-term financial investments : 12500

0,00

V. Short-term accruals : 12600

0,00

VI. Cash and other equivalent liquid assets : 12700

346.893,00

236.530,00

222.798,00

61.942,00

TOTAL ASSETS (A + B) : 10000

575.085,00

453.173,00

400.007,00

60.633,00

ORIGINAL

Liabilities and Net Worth

2013

2012

2011

2010

A) NET WORTH: 20000

218.443,00

168.420,00

74.142,00

27.649,00

A-1) Shareholders' equity: 21000

218.443,00

168.420,00

74.142,00

27.649,00

I. Capital: 21100

3.300,00

1. Registered capital : 21110

3.300,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

165.120,00

70.842,00

24.349,00

0,00

IV. (Common stock equity): 21400

0,00

V. Profit or loss brought forward: 21500

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

50.023,00

94.278,00

46.492,00

24.349,00

VIII. (Interim dividend): 21800

0,00

A-2) Changes in net worth : 22000

0,00

A-3) Received subsidies, donations and legacies: 23000

0,00

B) NON-CURRENT LIABILITIES: 31000

0,00

I. Long-term provisions: 31100

0,00

II. Long-term creditors : 31200

0,00

1. Amounts owed to credit institutions: 31220

0,00

2. Creditors from financial leasing : 31230

0,00

3. Other long-term creditors : 31290

0,00

III. Long-term debts with Group companies and associates: 31300

0,00

IV. Liabilities for deferred tax: 31400

0,00

V. Long-term accruals: 31500

0,00

VI. Non-current trade creditors : 31600

0,00

VII. Special long-term debts : 31700

0,00

C) CURRENT LIABILITIES : 32000

356.642,00

284.753,00

325.865,00

32.984,00

I. Short-term provisions: 32200

0,00

II. Short-term creditors : 32300

1.611,00

2.399,00

1.748,00

0,00

1. Amounts owed to credit institutions: 32320

-2.310,00

-1.241,00

0,00

2. Creditors from financial leasing : 32330

0,00

3. Other short-term creditors : 32390

3.921,00

3.640,00

1.748,00

0,00

III. Short-term amounts owed to group and associated companies: 32400

0,00

IV. Trade creditors and other accounts payable: 32500

355.031,00

282.354,00

324.118,00

32.984,00

1. Suppliers: 32580

307.239,00

260.957,00

237.353,00

23.600,00

a) Long-term debts : 32581

0,00

b) Short-term debts : 32582

307.239,00

260.957,00

237.353,00

23.600,00

2. Other creditors: 32590

47.792,00

21.397,00

86.765,00

9.384,00

V. Short-term accruals : 32600

0,00

VI. Special short-term debts : 32700

0,00

TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000

575.085,00

453.173,00

400.007,00

60.633,00

ORIGINAL

Profit and Loss

2013

2012

2011

2010

1. Net turnover: 40100

1.907.630,00

1.400.265,00

817.365,00

86.454,00

2. Changes in stocks of finished goods and work in progress: 40200

0,00

3. Works carried out by the company for its assets: 40300

0,00

4. Supplies : 40400

-1.489.327,00

-1.118.742,00

-655.346,00

-42.712,00

5. Other operating income: 40500

2.967,00

4.373,00

0,00

6. Personnel costs: 40600

-106.444,00

-49.197,00

-56.460,00

-9.427,00

7. Other operating costs: 40700

-278.967,00

-125.004,00

-44.650,00

-1.850,00

8. Amortisation of fixed assets: 40800

-987,00

-952,00

-372,00

0,00

9. Allocation of subsidies of non-financial fixed assets and other: 40900

0,00

10. Excess provisions : 41000

0,00

11. Impairment and result of transfers of fixed assets: 41100

0,00

12. Other results : 41300

-5.403,00

0,00

-2.418,00

0,00

A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) : 49100

29.468,00

110.743,00

58.118,00

32.466,00

13. Financial income : 41400

0,00

a) Allocation of financial subsidies, donations and legacies: 41430

0,00

b) Other financial income: 41490

0,00

14. Financial expenditure : 41500

0,00

-3,00

0,00

15. Changes in fair value of financial instruments : 41600

0,00

16. Exchange rate differences: 41700

33.061,00

7.104,00

0,00

17. Impairment and result for transfers of financial instruments : 41800

0,00

18. Other financial income and expenditure: 42100

0,00

a) Incorporation of financial expenditure to assets: 42110

0,00

b) Financial income from arrangement with creditors: 42120

0,00

c) Other income and expenditure: 42130

0,00

B) FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200

33.061,00

7.104,00

-3,00

0,00

C) NET RESULT BEFORE TAXES ( A + B ) : 49300

62.529,00

117.848,00

58.115,00

32.466,00

19. Income taxes : 41900

-12.506,00

-23.570,00

-11.623,00

-8.116,00

D) RESULT OF THE PERIOD ( C + 19 ) : 49500

50.023,00

94.278,00

46.492,00

24.349,00

CASHFLOW STATEMENT

Model: Normal

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

2013

2012

2011

2010

1. Fiscal year result before taxes.: 61100

62.529,00

117.848,00

58.115,00

32.466,00

2. Results adjustments.: 61200

987,00

952,00

375,00

0,00

a) Fixed Assets Amortization (+).: 61201

987,00

952,00

372,00

0,00

h) Financial Expenses (+). : 61208

0,00

3,00

0,00

3. Changes in current capital equity.: 61300

48.046,00

-105.720,00

110.146,00

26.176,00

d) Debtors and other accounts receivable (+/-). : 61302

-12.125,00

-40.386,00

-169.365,00

1.309,00

d) Creditors and other accounts payable (+/-). : 61304

60.171,00

-65.334,00

279.511,00

24.867,00

4. Other cash flows for operating activities.: 61400

0,00

-3,00

0,00

a) Interest payments (-). : 61401

0,00

-3,00

0,00

5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500

111.562,00

13.081,00

168.633,00

58.642,00

6. Payments for investment (-).: 62100

0,00

-9.152,00

0,00

c) Fixed assets. : 62103

0,00

-9.152,00

0,00

7. Divestment payment collection (+). : 62200

574,00

952,00

0,00

c) Fixed assets. : 62203

574,00

952,00

0,00

8. Investment activity cash flows (6 + 7) minus Amortization: 62300

-412,00

0,00

-9.524,00

0,00

9. Payment collection and payments for equity instruments. : 63100

0,00

3.300,00

a) Issuance of equity instruments (+). : 63101

0,00

3.300,00

10. Payment collection and payments for financial liabilities instruments.: 63200

-788,00

651,00

1.748,00

0,00

a) Issuance : 63201

281,00

1.892,00

1.748,00

0,00

5. Other debts (+). : 63206

281,00

1.892,00

1.748,00

0,00

b) Repayment and amortization of : 63207

-1.069,00

-1.241,00

0,00

2. Debts incurred with credit institutions (-).: 63209

-1.069,00

-1.241,00

0,00

11. Payments from dividends and remunerations from other assets instruments. : 63300

0,00

12. Cash flows for financing activities (9+10+11).: 63400

-788,00

651,00

1.748,00

3.300,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS (+/-5+/-8+/12+/-D) : 65000

110.362,00

13.732,00

160.856,00

61.942,00

Cash or equivalent assets as of beginning of the fiscal year.: 65100

236.530,00

222.798,00

61.942,00

0,00

Cash or equivalent assets as of end of the fiscal year.: 65200

346.893,00

236.530,00

222.798,00

61.942,00

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.

> Comparison within the Sector

Cash Flow

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Cash Flow over Sales:

0,06 %

0,01 %

0,00 %

489,92 %

EBITDA over Sales:

1,88 %

4,39 %

7,98 %

2,62 %

-76,44 %

67,31 %

Cash Flow Yield:

0,19 %

0,00 %

0,03 %

0,00 %

533,31 %

Profitability

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

6,06 %

1,65 %

24,44 %

0,95 %

-75,19 %

72,81 %

Total economic profitability:

10,87 %

1,50 %

26,01 %

1,35 %

-58,19 %

10,79 %

Financial profitability:

22,90 %

0,05 %

55,98 %

-0,34 %

-59,09 %

115,94 %

Margin:

1,83 %

1,71 %

7,88 %

1,06 %

-76,85 %

60,84 %

Mark-up:

3,56 %

0,24 %

8,39 %

-0,22 %

-57,62 %

204,93 %

Solvency

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,97

0,26

0,83

0,23

17,10

10,76

Acid Test:

1,59

1,10

1,56

1,07

1,82

2,47

Working Capital / Investment:

0,37

0,21

0,35

0,21

3,69

-3,82

Solvency:

1,59

1,76

1,56

1,79

1,82

-2,16

Indebtedness

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

1,63

1,03

1,69

1,08

-3,44

-4,41

Borrowing Composition:

0,00

0,73

0,00

0,80

-8,29

Repayment Ability:

3,23

103,97

20,74

-1.451,83

-84,42

107,16

Warranty:

1,61

1,98

1,59

1,93

1,32

2,20

Generated resources / Total creditors:

0,14

0,06

0,33

0,04

-57,23

25,42

Efficiency

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,34

1,20

3,27

1,11

-59,12

8,39

Turnover of Collection Rights :

8,66

4,36

6,74

4,25

28,54

2,73

Turnover of Payment Entitlements:

4,98

2,92

4,40

2,76

13,07

6,00

Stock rotation:

4,21

3,66

14,90

Assets turnover:

3,32

0,96

3,10

0,90

7,19

7,44

Borrowing Cost:

0,00

2,14

0,00

2,43

-11,83

> Trend of indicators under the General Accounting Plan of 2007 (2013, 2012, 2011, 2010)

Cash Flow

2013

2012

2011

2010

Cash Flow over Sales:

0,06 %

0,01 %

0,20 %

0,72 %

EBITDA over Sales:

1,88 %

7,98 %

7,45 %

37,55 %

Cash Flow Yield:

0,19 %

0,03 %

0,40 %

1,02 %

Profitability

2013

2012

2011

2010

Operating economic profitability:

6,06 %

24,44 %

15,13 %

53,55 %

Total economic profitability:

10,87 %

26,01 %

14,53 %

53,54 %

Financial profitability:

22,90 %

55,98 %

62,71 %

88,06 %

Margin:

1,83 %

7,88 %

7,41 %

37,55 %

Mark-up:

3,56 %

8,39 %

7,41 %

37,55 %

Solvency

2013

2012

2011

2010

Liquidity:

0,97

0,83

0,68

1,88

Acid Test:

1,59

1,56

1,20

1,84

Working Capital / Investment:

0,37

0,35

0,16

0,46

Solvency:

1,59

1,56

1,20

1,84

Indebtedness

2013

2012

2011

2010

Indebtedness level:

1,63

1,69

4,40

1,19

Borrowing Composition:

0,00

Repayment Ability:

3,23

20,74

2,03

0,53

Warranty:

1,61

1,59

1,23

1,84

Generated resources / Total creditors:

0,14

0,33

0,14

0,74

Efficiency

2013

2012

2011

2010

Productivity:

1,34

3,27

2,08

4,44

Turnover of Collection Rights :

8,66

6,74

4,86

-66,05

Turnover of Payment Entitlements:

4,98

4,40

2,16

1,35

Assets turnover:

3,32

3,10

2,04

1,43

Borrowing Cost:

0,00

COMPARATIVE SECTORIAL BALANCE

Sector-based Comparison under the rules of the New General Accounting Plan.

Variación -

Empresa

Sector

Variación -

Empresa

Sector

Variación -

Empresa

Sector

Public Tenders and Works Won

No Public Tenders assigned to the name of the company.

Detail of Subsidies appearing in Balances Memories

Entity

ORGANISMO NO ESPECIFICADO

Status

CONCEDIDA

Amount Granted

2.966,70

Notes

El importe reflejado corresponde al imputado a resultados en este ejercicio.

Entity

ORGANISMO NO ESPECIFICADO

Status

CONCEDIDA

Amount Granted

4.372,98

Notes

El importe reflejado corresponde al imputado a resultados en este ejercicio.

Research Summary

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.61.95
UK Pound	1	Rs.97.16
Euro	1	Rs.76.75

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	NIT

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.

MIRA INFORM REPORT

EXECUTIVE SUMMARY

INVESTIGATION SUMMARY

Identification

Branch office

Activity

Number of employees

Chronological Summary

Breakdown of Owners' Equity

Updated Evolution of the Subscribed and Paid-in Capital

Active Social Bodies

Executive board

Defaults, Legal Claims and Insolvency Proceedings

Probability of default

LEGAL CLAIMS

Financial Accounts and Balance Sheets

CASHFLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

Public Tenders and Works Won

Detail of Subsidies appearing in Balances Memories

Research Summary

Sources

Unit