MIRA INFORM REPORT
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Report No. : |
315331 |
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Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
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Name : |
MACROTEX TRADING SL |
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Registered Office : |
C/ Alboran, 57 Polig El Tarajal. - Ceuta - 51003 – Ceuta |
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Country : |
Spain |
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Date of Incorporation : |
02.07.2014 |
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Legal Form : |
Private Company |
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Line of Business : |
Non Specialized Wholesale Trade [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees : |
2 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Spain |
A2 |
A1 |
|
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
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: |
MACROTEX TRADING SL |
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NIF / Fiscal code: |
B51032415 |
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Status: |
ACTIVE |
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Incorporation Date: |
02/07/2014 |
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Register Data |
Register Section 8 Sheet 2769 |
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Last Publication
in BORME: |
28/08/2014 [Appointments] |
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Share Capital: |
20.000 |
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Localization: |
C/ Alboran, 57 Polig El Tarajal. - Ceuta - 51003 - Ceuta |
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Telephone - Fax - Email - Website: |
Telephone. 956 505 555 |
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Activity: |
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NACE: |
4690 - Non-specialised wholesale trade |
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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 |
|
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: |
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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|
Company founded in early of July 2014, although the beginning of its
activities was delayed until November. It engages in the distribution of food
products and home textiles. In light of the above, we believe that it is
possible to continue normal operations relating to credit. |
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Identification
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Social
Denomination: |
MACROTEX TRADING SL |
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NIF / Fiscal
code: |
B51032415 |
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Corporate
Status: |
ACTIVE |
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Start of
activity: |
2014 |
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Registered
Office: |
C/ ALBORAN, 57 POLIG EL TARAJAL. |
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Locality: |
CEUTA |
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Province: |
CEUTA |
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Postal Code: |
51003 |
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Telephone: |
956 505 555 |
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Interviewed
Person: |
Sr. Mohamed |
Activity
|
|
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NACE: |
4690 |
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Additional Information: |
Distribution of food products and home textiles. |
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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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|
2015 |
2 |
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The data of employees is from the latest available financial statements
in axesor. Failing that, are estimates data calculated by statistical methods
Chronological
Summary
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|||
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Year |
Act |
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2014 |
Appointments/ Re-elections (1) Company Formation (1) |
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Breakdown
of Owners' Equity
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Registered
Capital: |
20.000 |
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Paid up capital: |
20.000 |
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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11/08/2014 |
Company Formation |
20.000 |
20.000 |
20.000 |
20.000 |
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 |
TUHAMI MOHAMED MOHAMED |
11/08/2014 |
1 |
Executive
board
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|
Post |
NIF |
Name |
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ADMINISTRATOR |
|
MOHAMED TUHAMI MOHAMED |
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DIRECTOR/GENERAL MANAGER |
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MOHAMED TUHAMI MOHAMED |
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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--- |
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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 scoring
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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. |
There are no links to micro-enterprises or SMEs. It does not have sufficient experience in the Sector due to its recent
incorporation. Private consumption continues to have, in spite of some signs of
improvement, very low rates , thus showing great weakness. |
Probability of default
|
> Estimated Probability of Default for the next 12 months:
5.298 %
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Sector in which comparison is carried out: 469 Non-specialised wholesale trade |
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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 probability of the company's non-compliance with its payment
obligations within deadlines estimated by our qualifications models is 5.298%.
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.
Result of query submitted to the R.A.I.
(Spanish Bad Debt Register) on
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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 |
Suppliers
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Name |
NIF |
Telephone |
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CHAINA GRUP INTERNATIONAL |
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Turnover
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Total Sales 2014 |
4.000.000 |
The sales data is from the latest available financial statements.
Failing that, are estimates data calculated by statistical methods.
Estimated
Balance
|
|
The owner was established in July 2014, although the beginning of its
activities was in the month of November 2014. Because it does not have to
date financial economic data on belhalf, it is estimated a turnover around 4
mill. 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
|
|
Company founded in early of July 2014, although the beginning of its activities
was delayed until November. It engages in the distribution of food products
and home textiles. In light of the above, we believe that it is possible to
continue normal operations relating to credit. |
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.62.59 |
|
|
1 |
Rs.92.45 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
|
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.