MIRA INFORM REPORT
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Report Date : |
18.02.2014 |
IDENTIFICATION DETAILS
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Name : |
REBAIN INTERNATIONAL ESPANA SL |
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Registered Office : |
C/ Doctor Trueta, 26-282,1, Castelldefels, 08860 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2012 |
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Year of Establishments: |
2001 |
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Com. Reg. No.: |
B62492681 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Agents involved in the sale of fuels, ores, metals and industrial chemicals |
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No. of Employees : |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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With Financials |
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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 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 – 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
Rebain International
EspaNa Sl
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Business Description
Agents involved in the sale of fuels, ores, metals and industrial chemicals
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
4612 -
Agents involved in the sale of fuels, ores, metals and industrial chemicals |
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NAICS 2012: |
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UK SIC 2007: |
4612 -
Agents involved in the sale of fuels, ores, metals and industrial chemicals |
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US SIC 1987: |
Key
Executives
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Name |
Title |
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Van Baardewijk Rene Marten |
Administrator |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7673459
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.7544162
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Executive report
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Executives |
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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 |
9.6 |
12.6 |
9.7 |
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Staff Costs |
0.4 |
0.3 |
0.4 |
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Wages and Salaries |
0.3 |
0.3 |
0.3 |
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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 |
0.4 |
0.6 |
0.5 |
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Operating Benefits |
0.2 |
0.3 |
0.0 |
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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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Exchange Losses |
0.0 |
0.1 |
- |
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Net Financial Income |
- |
- |
0.0 |
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Profit From Ordinary Activities |
0.1 |
0.2 |
0.0 |
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Extraordinary Profit |
- |
0.0 |
- |
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Profit Before Taxes |
0.1 |
0.2 |
0.0 |
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Corporation Tax |
0.0 |
0.1 |
0.0 |
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Financial Year Result (Profit) |
0.1 |
0.2 |
0.0 |
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Income |
9.7 |
12.7 |
9.7 |
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Net Total Sales |
9.7 |
12.7 |
9.7 |
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Gains from Exchange Rate |
- |
- |
0.0 |
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Negative Financial Results |
0.0 |
0.1 |
- |
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Extraordinary Income |
- |
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 |
0.1 |
0.0 |
0.0 |
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Financial Investments |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.1 |
0.0 |
0.1 |
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Total Stocks |
0.0 |
0.0 |
0.0 |
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Total Debtors |
2.1 |
2.6 |
2.0 |
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Total Short-Term Investments |
0.0 |
0.0 |
0.0 |
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Cash |
0.2 |
0.4 |
0.1 |
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Prepayments and Accrued Income |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
2.4 |
3.0 |
2.1 |
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Total Assets |
2.5 |
3.1 |
2.2 |
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Total Reserves |
0.2 |
0.1 |
0.1 |
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Profit or Loss for the Financial Year |
0.1 |
0.1 |
0.0 |
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Total Equity |
0.4 |
0.3 |
0.1 |
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Total Long Term Liabilities |
0.1 |
- |
0.0 |
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Total Short Term Creditors |
2.0 |
2.8 |
2.0 |
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Short Term Provisions for Liabilities and Charges |
- |
0.0 |
0.0 |
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Total Liabilities and Equity |
2.5 |
3.1 |
2.2 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.95 |
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UK Pound |
1 |
Rs.104.02 |
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Euro |
1 |
Rs.84.95 |
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.