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Report Date : |
18.01.2014 |
IDENTIFICATION DETAILS
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Name : |
RICURA FOODS DE ESPAÑA SA |
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Registered Office : |
C/ Via, 78 Gran., Madrid, 28013 |
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Country : |
Spain |
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Date of Incorporation : |
17.05.2013 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Subject is engaged in exploitation and development of activities of
hostel and catering trade. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
---- |
NB |
New Business |
---- |
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Status : |
New Business |
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Payment Behaviour : |
Regular |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Spain |
A2 |
A2 |
|
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.
|
Source
: CIA |
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Name: |
RICURA FOODS DE ESPAÑA SA |
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NIF / Fiscal code: |
A86716008 |
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Status: |
ACTIVE |
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Incorporation Date: |
17/05/2013 |
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Register Data |
Register Section 8 Sheet 560531 |
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Last Publication
in BORME: |
28/10/2013 [Appointments] |
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Share Capital: |
60.000 |
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Localization: |
C/ VIA, 78 GRAN. - MADRID - 28013 - MADRID |
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Activity: |
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NACE: |
5610 - Restaurants and mobile food service activities |
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Registered Trademarks: |
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Audited / Opinion: |
No |
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Tenders and Awards: |
0 for a total cost of 0 |
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Subsidies: |
0 for a total cost of 0 |
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Quality Certificate: |
No |
Defaults, Legal
Claims and Insolvency Proceedings :
|
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Number |
Amount (€) |
Most Recent Entry |
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Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
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Defaults on debt with Financial Institutions and Large Companies |
|
None |
--- |
--- |
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Judicial Claims (Notices, Executive Proceedings, Attachments,
Auctions, Bad Debt) |
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None |
0 |
--- |
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Proceedings heard by the Civil Court |
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Unpublished |
0 |
--- |
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Proceedings heard by the Labour Court |
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Unpublished |
0 |
--- |
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Partners: |
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Shares: |
0 |
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Other Links: |
0 |
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No. of Active Corporate Bodies: |
SINGLE ADMINISTRATOR 1 |
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Guarantees: |
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Properties Registered: |
Company NO, Administrator NO |
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Financing / Guarantee Sources : |
Sources NO, Guarantees NO |
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INVESTIGATION
SUMMARY |
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The mercantile entity RICURA FOODS DE ESPAÑA SA with VAT number
A86716008 was founded by an undefined period of time in Madrid in May, 2013
and it is engaged in exploitation and development of hostel and catering
trade. We recommend following its evolution given the recent start-up. |
|
|
Social
Denomination: |
RICURA FOODS DE ESPAÑA SA |
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NIF / Fiscal
code: |
A86716008 |
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Corporate
Status: |
ACTIVE |
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Start of
activity: |
2013 |
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Registered
Office: |
C/ VIA, 78 GRAN. |
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Locality: |
MADRID |
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Province: |
MADRID |
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Postal Code: |
28013 |
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NACE: |
5610 |
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Additional Information: |
Business recently incorporated which is engaged in exploitation and
development of activities of hostel and catering trade. Management,
administration and exploitation... |
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Additional Address: |
Registered office, rented by the company, is located in calle Gran Via
78 28015 de Madrid. |
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Franchise: |
No |
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Import / export: |
DOES NOT IMPORT / DOES NOT EXPORT |
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Future Perspective: |
Consolidation |
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Industry
situation: |
Maturity |
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Year |
Act |
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2013 |
Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1)
Company Formation (1) |
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Registered
Capital: |
60.000 |
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Paid up capital: |
60.000 |
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Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
30/05/2013 |
Company Formation |
60.000 |
60.000 |
60.000 |
60.000 |
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Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
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SINGLE ADMINISTRATOR |
MEDINA LEON JUAN PABLO |
18/10/2013 |
1 |
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Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
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SAN TELESFORO NAVARRO JUAN JOSE |
SINGLE ADMINISTRATOR |
18/10/2013 |
1 |
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Post |
NIF |
Name |
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ADMINISTRATOR |
|
JUAN PABLO MEDINA LEON |
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DIRECTOR/GENERAL MANAGER |
|
JUAN PABLO MEDINA LEON |
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
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Number of Publications |
Amount (_) |
Start date |
End date |
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Insolvency Proceedings, Bankruptcy and Suspension of Payments |
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Unpublished |
--- |
--- |
--- |
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Request/Declaration |
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0 |
--- |
date |
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Proceedings |
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--- |
--- |
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--- |
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Resolution |
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--- |
--- |
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--- |
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Defaults on debt with Financial Institutions and Large Companies |
Bank and Commercial Delinquency |
None |
0 |
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Status: Friendly |
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--- |
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Status: Pre-Litigation |
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--- |
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Status: Litigation |
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--- |
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Status: Non-performing |
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--- |
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Status: insolvency proceedings, bankruptcy and suspension of payments |
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--- |
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Other status |
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--- |
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Legal and Administrative Proceedings |
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Unpublished |
--- |
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Notices of defaults and enforcement |
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--- |
--- |
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--- |
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Seizures |
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--- |
--- |
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--- |
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Auctions |
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--- |
--- |
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--- |
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Declarations of insolvency and bad debt |
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--- |
--- |
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--- |
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Proceedings heard by the Civil Court |
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Unpublished |
--- |
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Proceedings heard by the Labour Court |
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Unpublished |
--- |
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> Details
> Basis for rating
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Positive Factors |
Adverse Factors |
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No judicial claims have been detected in the Official Gazettes, regarding
any Company's outstanding debts with the Tax Bureau or Social Security
administrations, as submitted by Courts of the various court jurisdictions. It has been found to have regular payment performance and has paid all
of its debts in a timely manner. |
It does not have sufficient experience in the Sector due to its recent
incorporation. Demand recovery in the Hospitality/Tourism sector, to which the
company belongs, is less robust than that of competitor countries in the
Mediterranean environment. |
> Probabilidad Estimada de Impago para los próximos 12 meses:
12.8 %
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Sector in which comparison is carried out : 561 Restaurants and mobile food service activities |
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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 12.82%.
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.
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Summary of Judicial Claims |
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PROCEDURES OF CONTEST, BANKRUPTCY AND BANKRUPTCY
PROTECTION |
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Legal Proceedings (Bankruptcy Law 22/2003) |
No se han publicado |
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Quiebras y Suspensiones de Pagos (anterior
legislación concursal) |
No se han publicado |
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INCIDENCES WITH THE PUBLIC ADMINISTRATIONS |
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Incidences with the Tax Agency |
No se han publicado |
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Incidences with the Social Security |
No se han publicado |
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Incidences with the Autonomous Administration |
No se han publicado |
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Incidences with the Local Administration |
No se han publicado |
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PROCEDURES BEFORE COURTS OF CIVIL MATTERS |
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Procedures by the Civil Procedural Law 1/2000 |
No se han publicado |
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Proceedings by the old Civil Procedural Law
1.881 |
No se han publicado |
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PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL |
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||
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Procedimientos ante Juzgados de lo Social |
No se han publicado |
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Financial Years
Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
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.
> 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.
No Public Tenders
assigned to the name of the company.
The mercantile
entity RICURA FOODS DE ESPAÑA SA with VAT number A86716008 was founded by an
undefined period of time in Madrid in May, 2013 and it is engaged in
exploitation and development of hostel and catering trade. We recommend
following its evolution given the recent start-up.
Registry of
Commerce''s Official Gazette. Own and external data bases Company References
Investigación
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.35 |
|
|
1 |
Rs.100.21 |
|
Euro |
1 |
Rs.83.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.