MIRA
INFORM REPORT
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Report Date : |
09.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CH CHILD BCN SL |
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Registered Office : |
Rambla Cataluña, 6 P.PP. - |
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Country : |
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Date of Incorporation : |
17.06.2013 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture of Wearing Apparel |
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No of Employees : |
20 |
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 Company |
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Payment Behaviour : |
Unknown |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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
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|
Name: |
CH CHILD BCN SL |
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NIF / Fiscal code: |
B66067984 |
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Trade Name |
CANADA HOUSE |
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Status: |
ACTIVE |
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Incorporation Date: |
17/06/2013 |
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Register Data |
Register Section 8 Sheet 439340 |
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Last Publication in BORME: |
31/07/2014 [Appointments] |
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Share Capital: |
150.000 |
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Localization: |
Rambla Cataluña, 6 P.PP. - Barcelona - 08007 - Barcelona |
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Telephone - Fax - Email - Website: |
Ph.:. 937540554 / 937540100 Email.
info@canadahouse.es Website. www.canadahouse.es |
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Number of Branches |
1 |
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Activity: |
|
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NACE: |
14 - Manufacture of wearing apparel |
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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 |
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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 |
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Unpublished |
--- |
--- |
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Defaults on debt with Financial Institutions and Large Companies |
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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: |
1 |
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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 company was incorporated in 2013. It is engaged in textile,
babies'' clothes, accessories, children''s and babies'' outer garments, baby
rompers, shirts, T-Shirts, polo shirts, sweaters, cardigans, etc. It has 20
employees. According to all this information, commercial relations can be
envisaged in normal credit operations. |
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Interviewed Person: |
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Identification
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Social
Denomination: |
CH CHILD BCN SL |
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Trade Name: |
CANADA HOUSE |
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NIF / Fiscal
code: |
B66067984 |
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Corporate
Status: |
ACTIVE |
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Start of
activity: |
2013 |
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Registered
Office: |
RAMBLA CATALUÑA, 6 P.PP. |
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Locality: |
BARCELONA |
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Province: |
BARCELONA |
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Postal Code: |
08007 |
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Telephone: |
937540554 / 937540100 |
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Website: |
www.canadahouse.es |
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Email: |
info@canadahouse.es |
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Interviewed
Person: |
Administration |
Branch Offices
|
|
Address |
Postal Code |
City |
Province |
|
Ptge. Narcís Monturiol, s/n |
08349 |
Cabrera de Mar |
Barcelona |
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Activity |
|
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NACE: |
14 |
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Additional
Information: |
Textile, babies clothes, accessories, children''s and babies outer
garments, baby rompers, shirts, T-Shirts, polo shirts, sweaters, cardigans,
etc. |
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Additional
Address: |
Registered office at the above mentioned address. It has a factory in
Cabrera de Mar. It has 9 own stores and more than 80 franchises. |
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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 |
Number of Employees
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Year |
No. of employees |
Established |
Incidentals |
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2014 |
20 |
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Chronological Summary
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Year |
Act |
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2013 |
Appointments/ Re-elections (2) Company Formation (1) Increase of
Capital (1) Statutory Modifications (1) |
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2014 |
Appointments/ Re-elections (1) |
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Breakdown of Owners' Equity
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Registered
Capital: |
150.000 |
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Paid up capital: |
150.000 |
Updated Evolution of the
Subscribed and Paid-in Capital
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Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
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21/06/2013 |
Company Formation |
30.000 |
30.000 |
30.000 |
30.000 |
|
19/08/2013 |
Increase of Capital |
120.000 |
120.000 |
150.000 |
150.000 |
Active Social Bodies
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|
Post published |
Social Body's
Name |
Appointment Date |
Other Positions
in this Company |
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SINGLE ADMINISTRATOR |
ENDURANCE PARTNERS SL |
21/06/2013 |
1 |
|
JOINT ATTORNEY |
DURICH LALANA GUILLERMO |
23/07/2014 |
1 |
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|
PICAS DE LA ROSA PEDRO |
11/07/2013 |
1 |
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REPRESENTATIVE |
RIGAU PAGES JOSE MARIA |
21/06/2013 |
1 |
Executive board
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|
Post |
NIF |
Name |
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ADMINISTRATOR |
|
ENDURANCE PARTNERS SL |
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GENERAL MANAGER |
|
JOSE MARIA RIGAU PAGES |
Defaults,
Legal Claims and Insolvency Proceedings
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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 |
--- |
--- |
--- |
|
Request/Declaration |
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0 |
--- |
date |
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Proceedings |
|
--- |
--- |
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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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Seizures |
|
--- |
--- |
|
--- |
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Auctions |
|
--- |
--- |
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--- |
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Declarations of insolvency and bad debt |
|
--- |
--- |
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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 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. Related companies without judicial claims . Neither judicial,
administrative claims nor serious actions against companies related to the
entity have been published in BORME, which indicates a tendency to meet their
obligations. It is linked to companies of different sizesmicro-enterprises and
SMEs, a fact that may positive affect to operations support and the use of
synergies between companies. The company is related to newly created companies. |
It does not have sufficient experience in the Sector due to its recent
incorporation. Possible difficulty accessing financing. Uncertainties about economic
recovery will hinder access to credit for new projects or for obtaining the
liquidity necessary for short-term needs. |
Probability
of default
|
> Probabilidad Estimada de Impago para los próximos 12 meses:
1.383 %
|
Sector in which comparison is carried out : 14 Manufacture of wearing apparel |
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Relative Position:
|
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 86.00% of the companies of the sector CH CHILD BCN 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 1.383%.
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 |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
PROCEDURES OF CONTEST, BANKRUPTCY
AND BANKRUPTCY PROTECTION
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Guarantees |
|
References |
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Suppliers |
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Name |
NIF |
Telephone |
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|
ENDESA |
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Link List
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HAS IN ITS ADMINISTRATION BOARD TO: |
1 Entities |
> Other
relationships
|
Relationship |
Entity |
Province |
Shareholding stake |
|
HAS IN ITS ADMINISTRATION BOARD TO |
ENDURANCE PARTNERS SL |
BARCELONA |
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Turnover
|
|
|
Total Sales 2014 |
0 |
Estimated Balance
|
|
The company started its activities at the end of 2013. Up to now its
financial data are unknown. Consulted sources indicate an expected turnover
of around 1.8/2 million Euro/s |
Financial Accounts and Balance
Sheets
|
Financial Years
Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
CASHFLOW STATEMENT
|
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.
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.
Public Tenders and Works Won
|
No Public Tenders assigned
to the name of the company.
Research Summary
|
|
The company was incorporated in 2013. It is engaged in textile,
babies'' clothes, accessories, children''s and babies'' outer garments, baby rompers,
shirts, T-Shirts, polo shirts, sweaters, cardigans, etc. It has 20 employees.
According to all this information, commercial relations can be envisaged in
normal credit operations. |
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.60.26 |
|
|
1 |
Rs.97.51 |
|
Euro |
1 |
Rs.77.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
TPT |
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.