|
Report Date : |
19.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
HAMED AYAD, MOHAMED |
|
|
|
|
Registered Office : |
Plind El Tarajal Nave 11 - |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 (Estimated) |
|
|
|
|
Date of Incorporation : |
01.01.1995 |
|
|
|
|
Legal Form : |
Proprietorship / Self-employed |
|
|
|
|
Line of Business : |
· Non-Specialised Wholesale of Food, Beverages and Tobacco Engaged in wholesaling and retail sale of Food Products
and Beverages |
|
|
|
|
No. of Employees |
04 (2014) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Small Business |
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|
|
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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 |
|
Name |
HAMED
AYAD, MOHAMED |
|
NIF
/ Fiscal code: |
45074924F |
|
Legal
form: |
Proprietorship
/ Self-employed |
|
Status: |
Active |
|
Location: |
PLIND
EL TARAJAL NAVE 11 - CEUTA - CEUTA |
|
Type
of professional premises: Leased |
|
|
Telephone: |
956511936 |
|
Activity: |
|
|
NACE: |
4639
- Non-specialised wholesale of food, beverages and tobacco |
|
Size: |
Small |
|
Commercial
scope: |
Local |
|
Import
/ export: |
Import:
No, Export: No |
Adequate capacity
to meet its financial obligations.
|
Employees: |
||
|
Financial Year |
Number of Employees |
|
|
2014 |
4 |
|
|
Legal
Claims: |
No |
|
Business
trend: |
Stable |
|
Prospects: |
Recover
lost market share |
|
Industry
situation: |
Decline |
|
Economic-financial
data |
|||
|
Financial
Year |
Turnover |
. |
|
|
2011 |
300000 |
. |
|
|
2012 |
290000 |
. |
|
|
2013 |
275000 |
. |
|
|
Total
investments: |
150000 |
|
Unit: |
Euros |
|
Guarantees: |
|
|
Properties
Registered: |
NO |
INVESTIGATION
SUMMARY
|
|
|
It
is a small family business engaged in the sale of food products, which has
been operating for several years without incidents. |
|
|
NIF
/ Fiscal code |
00000000T |
|
Name |
MOHAMED HAMED AYAD |
|
Address |
POLIGONO INDUSTRIAL DEL
TARAJAL NAVE 11 |
|
City |
CEUTA |
|
Province |
CEUTA |
|
Postcode |
51003 |
|
Telephone |
000000000 |
IDENTIFICATION
|
|
|
Concern
name / Name of the subject |
HAMED
AYAD, MOHAMED |
|
Legal
form |
Proprietorship
/ Self-employed |
|
NIF
/ Fiscal code |
45074924F |
|
Status |
Active |
|
Start
of activity |
01/01/1995 |
|
Name
of the maximum responsible |
HAMED
AYAD, MOHAMED |
|
Position
of the maximum responsible |
TITULAR |
|
Professional
address |
PLIND
EL TARAJAL NAVE 11 |
|
City |
CEUTA |
|
Province |
CEUTA |
|
Postcode |
51003 |
|
Type
of premises |
Leased |
|
Telephone |
956511936 |
|
Other
former or related addresses |
956523681 |
ACTIVITY
|
|
|
NACE |
4639 |
|
Description
of the NACE code |
Non-specialised
wholesale of food, beverages and tobacco |
|
Comment
about the activity |
Wholesale and retail sale of food products and beverages. PREMISES Plind Tarajal nave 11 51003 Ceuta, warehouse and store in rented premises. Dos de Mayo 2 51001 Ceuta, store in rented premises. Avd Lisboa 6 51002 Ceuta, store in rented premises. |
|
Franchise |
No |
|
%
Local commercial scope |
100% |
|
Business
size |
Small |
|
Import |
No |
|
Export |
No |
|
Industry
situation |
Decline |
|
Business
trend |
Stable |
|
Prospects |
Recover
lost market share |
Employees
|
|||
|
Year |
Number of Employees |
Fixed employees % |
Part time employees % |
|
2014 |
4 |
|
|
|
It
is managed by the owner, supported by relatives. |
|
Payment Behaviour |
|
Normal |
|
According to the consulted sources, the subject has a normal
commercial activity and there are no legal claims registered under its name. |
|
Comments about the
risk and its evolution |
|
The subject has maintained a moderate risk in the last years. |
LEGAL
CLAIMS
|
|
It
has not been possible to confirm if there are judicial indicences against the
subject. |
Banks
|
|||
|
Bank name |
Branch |
Address |
Telephone |
|
BANCO
BILBAO VIZCAYA ARGENTARIA |
OP |
CEUTA |
|
|
Bank
references |
Consulted
sources do not provide information about customers. |
Clients
|
|
It
was not possible to determine the details of the clients with which the
subject deals. |
Suppliers
|
|
It
has not been possible to determine the details of the suppliers who deal with
the subject. |
(Estimation)
Data in: Thousand of euros
|
ASSETS |
|
LIABILITIES |
||
|
Tangible
fixed assets |
20 |
|
Capital |
40 |
|
Transport |
|
|
Long
term creditors |
|
|
Machinery
and fittings |
|
|
Long
term debts with Banks |
|
|
Buildings
and constructions |
|
|
Short
term creditors |
50 |
|
Intangible
fixed assets |
|
|
Short
term debts with credit entities |
|
|
Stock |
40 |
|
|
|
|
Debtors |
15 |
|
|
|
|
Cash |
15 |
|
|
|
|
TOTAL
ASSETS |
150 |
|
TOTAL
LIABILITIES |
150 |
|
WORKING
CAPITAL |
|
|
|
|
|
SALES EVOLUTION |
|||
|
Financial Year 2011 |
|
300 |
|
|
Financial Year 2012 |
|
290 |
|
|
Financial Year 2013 |
|
275 |
|
|
It
is a small family business with a normal commercial evolution. The crisis of
the sector determines its growth. |
|
It
was impossible to confirm the information about the Board of Administration
from BORME (Mercantile Registry Gazette) |
|
It
has not been possible to obtain information about the possible participation as
a Shareholder in other trading companies. |
|
It
is a small family business engaged in the sale of food products, which has
been operating for several years without incidents. |
|
Investigation,
Board of Administration (according to registry), Public institution, Chamber
of Commerce, Internal/external DB, Subject |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.33 |
|
UK Pound |
1 |
Rs.103.18 |
|
Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.