MIRA
INFORM REPORT
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Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
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Name : |
PUNTSOL SL |
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Registered Office : |
Pas. Can Feu, 18. Sabadell, 08205 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2012 |
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Year of Establishments: |
1990 |
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Com. Reg. No.: |
B59309815 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Retail sale of clothing, footwear and leather articles in specialized
stores |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 & address
Puntsol Sl
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Business Description
Retail sale of clothing, footwear and leather articles in specialized stores
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
4771 -
Retail sale of clothing, footwear and leather articles in specialized stores |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Ana Maria Bas Marti |
Joint Manager |
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Javier Bas Marti |
Administrator, Joint Manager |
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Bas Marti Ana Maria |
Administrator |
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Bas Marti Javier |
Administrator |
1 - Profit & Loss
Item Exchange Rate: USD 1 = EUR 0.7760163
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.7637085
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Executives Report
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Administrator |
Administration Executive |
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Joint Manager |
Administration Executive |
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Administrator, Joint Manager |
Administration Executive |
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Administrator |
Administration 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 |
3.8 |
4.3 |
3.7 |
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Staff Costs |
1.0 |
1.0 |
0.9 |
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Social Security Costs |
1.0 |
1.0 |
0.9 |
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Depreciation |
0.1 |
0.1 |
0.1 |
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Other Operating Charges |
0.7 |
0.7 |
0.7 |
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Operating Benefits |
0.1 |
0.2 |
0.1 |
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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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Profit From Ordinary Activities |
0.1 |
0.1 |
0.1 |
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Extraordinary Profit |
0.0 |
0.0 |
0.0 |
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Profit Before Taxes |
0.1 |
0.1 |
0.1 |
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Corporation Tax |
0.0 |
0.0 |
0.0 |
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Financial Year Result (Profit) |
0.1 |
0.1 |
0.1 |
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Income |
3.9 |
4.4 |
3.8 |
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Net Total Sales |
3.7 |
4.3 |
3.7 |
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Negative Financial Results |
0.0 |
0.0 |
0.0 |
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Extraordinary Income |
0.0 |
0.0 |
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 Intangible Fixed Assets |
- |
- |
0.0 |
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Total Tangible Fixed Assets |
0.3 |
0.4 |
0.2 |
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Financial Investments |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.4 |
0.4 |
0.3 |
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Total Stocks |
0.2 |
0.2 |
0.4 |
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Total Debtors |
0.3 |
0.4 |
0.1 |
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Total Short-Term Investments |
0.0 |
0.0 |
0.0 |
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Cash |
0.0 |
0.1 |
0.0 |
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Total Current Assets |
0.5 |
0.6 |
0.5 |
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Total Assets |
0.9 |
1.1 |
0.8 |
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Total Reserves |
0.7 |
0.5 |
0.6 |
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Profit or Loss Brought Forward |
- |
0.1 |
- |
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Profit or Loss for the Financial Year |
0.1 |
0.1 |
0.1 |
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Total Equity |
0.9 |
0.8 |
0.7 |
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Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
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Total Short Term Creditors |
0.0 |
0.3 |
0.1 |
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Total Liabilities and Equity |
0.9 |
1.1 |
0.8 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.32 |
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UK Pound |
1 |
Rs.101.78 |
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Euro |
1 |
Rs.84.68 |
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%)