MIRA INFORM REPORT
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Report No. : |
338559 |
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Report Date : |
28.08.2015 |
IDENTIFICATION DETAILS
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Name : |
WHIPLASH ENTERTAINMENT SL |
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Registered Office : |
C/ Falguera, 2. - Santa Susanna - 08398 - Barcelona |
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Country : |
Spain |
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Date of Incorporation : |
07.10.2014 |
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Legal Form : |
Private Company |
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Line of Business : |
Subject is manufacture of computers and peripheral equipment |
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No. of Employee : |
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 : |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Spain |
A1 |
A1 |
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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 experiencing a prolonged recession in the wake of the global financial crisis that began in 2008, in 2014 Spain marked the first full year of positive economic growth in seven years, largely due to increased private consumption. At the onset of the global financial crisis Spain's GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. In 2013 the government successfully shored up struggling banks - exposed to the collapse of Spain's depressed real estate and construction sectors - and in January 2014 completed an EU-funded restructuring and recapitalization program.
Until 2014, credit contraction in the private sector, fiscal austerity, and high unemployment weighed on domestic consumption and investment. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, but labor reforms prompted a modest reduction to 23.7% in 2014. High unemployment strained 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 2010, but Spain gradually reduced the deficit to just under 7% of GDP in 2013-14, 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 more than 97% in 2014.
Exports were resilient throughout the economic downturn and helped to bring Spain's current account into surplus in 2013 for the first time since 1986, where it remained in 2014. Rising labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have helped to improve foreign investor interest in the economy and positive FDI flows have been restored.
The government's efforts to implement labor, pension, health, tax, and education reforms - aimed at supporting investor sentiment - have become overshadowed by political activity in 2015 in anticipation of the national parliamentary elections in November. Spain’s 2015 budget, published in September 2014, rolls back some recently imposed taxes in advance of the elections and leaves untouched the country’s value-added tax (VAT) regime, which continues to generate significantly lower revenue than the EU average. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and despite the recent uptic in economic activity, inflation has dropped sharply, from 1.5% in 2013 to nearly flat in 2014.
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Source
: CIA |
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EXECUTIVE
SUMMARY
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Name: |
WHIPLASH
ENTERTAINMENT SL |
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NIF
/ Fiscal code: |
B66387127 |
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Status: |
ACTIVE |
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Incorporation
Date: |
07/10/2014 |
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Register Data |
Register
Section 8 Sheet 458116 |
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Last Publication in BORME: |
27/10/2014
[Appointments] |
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Share
Capital: |
3.006 |
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Localization: |
C/
FALGUERA, 2. - SANTA SUSANNA - 08398 - BARCELONA |
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Telephone
- Fax - Email - Website: |
Website.
www.whiplash.es |
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Activity: |
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NACE: |
2620
- Manufacture of computers and peripheral equipment |
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Registered
Trademarks: |
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Audited
/ Opinion: |
No |
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Tenders
and Awards: |
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Subsidies: |
0
for a total cost of 0 |
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Quality
Certificate: |
No |
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Scoring and Risk: |
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Payment
Behaviour: |
Without
Experience |
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Prospects: |
Consolidation |
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Industry
situation: |
Maturity |
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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 |
|
None |
--- |
--- |
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Judicial
Claims (Notices, Executive Proceedings, Attachments, Auctions, Bad Debt) |
|
None |
0 |
--- |
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Proceedings
heard by the Civil Court |
|
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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|
t is a company that was established in 2014. For this reason, it is
neccessary to trace its commercial evolution in the proximate activities, due
to its recent establishment. It does not have payment experience. |
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Identification
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Social Denomination: |
WHIPLASH ENTERTAINMENT SL |
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NIF / Fiscal code: |
B66387127 |
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Corporate Status: |
ACTIVE |
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Start of activity: |
2014 |
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Registered Office: |
C/ FALGUERA, 2. |
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Locality: |
SANTA SUSANNA |
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Province: |
BARCELONA |
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Postal Code: |
08398 |
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Website: |
www.whiplash.es |
Activity
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NACE: |
2620 |
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Legal Form: |
(CNAE 2620). MANUFACTURING OF RING ROAD COMPUTERS AND EQUIPS. |
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Additional
Information: |
It is dedicated to the commercialization of multifunction devices, capable of generate three dimensional movements of 360 grades en two exes in a virtual environment. |
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Additional Address: |
C/ FALGUERA, 2 08398 SANTA SUSANNA ( BARCELONA ) resgistered office and offices in rent. |
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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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Chronological
Summary
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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: |
3.006 |
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Paid up capital: |
3.006 |
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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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20/10/2014 |
Company Formation |
3.006 |
3.006 |
3.006 |
3.006 |
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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 |
TORRANO MARTINEZ FRANCISCO |
20/10/2014 |
1 |
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Executive
board
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Post |
NIF |
Name |
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ADMINISTRATOR |
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FRANCISCO TORRANO MARTINEZ |
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DIRECTOR/GENERAL MANAGER |
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FRANCISCO TORRANO MARTINEZ |
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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--- |
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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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Auctions |
|
--- |
--- |
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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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> 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. 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
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> Estimated Probability of Default for the next 12 months: 4.262 %
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Sector in which comparison is carried out: 262 Manufacture of computers and peripheral equipment |
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Relative Position:
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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 4.262%.
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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Result of query submitted to the
R.A.I. (Spanish Bad Debt Register) on |
LEGAL
CLAIMS
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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 |
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Turnover
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Total Sales |
0 |
The sales data is from the latest available financial statements. Failing that, are estimates data calculated by statistical methods.
Estimated
Balance
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AÑO DATOS ECONOMICOS : 2014 ( MILES DE EUROS ) TOTAL ASSET.....................................25 NON-CURRENT ASSET........................10 CURRENT ASSET..............................15 LIABILITIES CAPITAL..................................................3 CURRENT LIABILITIES..............................22 |
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Financial
Accounts and Balance Sheets
|
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Ejercicio |
Tipo
de Cuentas Anuales |
Fecha
Presentacion |
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CASHFLOW
STATEMENT
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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.
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FINANCIAL
DIAGNOSIS
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> 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
|
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No Public Tenders
assigned to the name of the company.
Research
Summary
t is a company that was established in 2014. For this reason, it is neccessary to trace its commercial evolution in the proximate activities, due to its recent establishment. It does not have payment experience.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.06 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.74.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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.