MIRA
INFORM REPORT
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Report No. : |
308598 |
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Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MY STAR LAND |
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Registered Office : |
C/ |
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Country : |
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Date of Incorporation : |
09.06.2014 |
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Legal Form : |
Private Company |
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Line of Business : |
Subject is engaged in the distribution of industrial materials, machines
and tools for the construction. |
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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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>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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-- |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Spain |
A2 |
A2 |
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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
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.
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Source
: CIA |
EXECUTIVE SUMMARY
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Name: |
MY STAR LAND SPAIN SOCIEDAD LIMITADA |
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NIF / Fiscal code: |
B98645658 |
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Status: |
ACTIVE |
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Incorporation Date: |
09/06/2014 |
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Register
Data |
Register Section 8 Sheet 160197 |
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Last
Publication in BORME: |
26/06/2014 [Appointments] |
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Share Capital: |
3.100 |
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Localization: |
C/ IBIZA, 6 3. - VALENCIA - 46023 -
VALENCIA |
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Telephone - Fax - Email - Website: |
Ph.:. 963 213 020�� Email. info@mystarland.com�� Website. www.mystarland.com |
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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 |
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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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CHEHRI JAVAD |
100 % |
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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 June 2014 whose
commercial developments should be monitorised in the coming years due to its
recent incorporation. No experience in payment obligations. |
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Enquiry Details |
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IDENTIFICATION |
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Social Denomination: |
MY STAR LAND SPAIN SOCIEDAD LIMITADA |
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NIF / Fiscal code: |
B98645658 |
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Corporate Status: |
ACTIVE |
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Start of activity: |
2014 |
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Registered Office: |
C/ IBIZA, 6 3. |
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Locality: |
VALENCIA |
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Province: |
VALENCIA |
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Postal Code: |
46023 |
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Telephone: |
963 213 020 |
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Website: |
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Email: |
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BRANCH
OFFICES
--
Activity
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NACE: |
4690 |
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Additional Information: |
The company is engaged in the distribution of industrial materials,
machines and tools for the construction. Part of the group MY STAR LAND. - Additional
address: C/ IBIZA, 6 3 46023 VALENCIA , registered office. C/ PADRE TOMAS
MONTAŃANA, 36 2 46023 VALENCIA, offices, in rent. |
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Import / export: |
IMPORT |
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Future Perspective: |
Consolidation |
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Industry situation: |
Maturity |
Chronological Summary
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Year |
Act |
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2014 |
Appointments/ Re-elections (1)
Company Formation (1) Declaration of Sole Propietorship (1) |
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Breakdown of Owners' Equity
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Registered Capital: |
3.100 |
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Paid up capital: |
3.100 |
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 |
|
19/06/2014 |
Company Formation |
3.100 |
3.100 |
3.100 |
3.100 |
Active Social Bodies
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this
Company |
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SINGLE PARTNER |
CHEHRI JAVAD |
19/06/2014 |
2 |
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SINGLE ADMINISTRATOR |
CHEHRI JAVAD |
19/06/2014 |
2 |
Executive board
|
Post |
NIF |
Name |
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ADMINISTRATOR |
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JAVAD CHEHRI |
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DIRECTOR/GENERAL MANAGER |
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JAVAD CHEHRI |
Defaults, Legal Claims and Insolvency Proceedings
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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Positive Factors |
Adverse Factors |
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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. Among the companies with
similar characteristics, MY STAR LAND SPAIN SOCIEDAD LIMITADA is located in
one of the autonomous communities that have shown lesser business development
in Spain. In principle, this feature hinders the consolidation of companies. |
Probability of default
> Estimated Probability of Default for the next 12 months:
7.741 %
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Sector in which comparison is carried out: 469 Non-specialised wholesale trade |
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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 worse
position with regard to the probability of non-compliance.
The 18.00% of the companies of the sector MY
STAR LAND SPAIN SOCIEDAD LIMITADA belongs to shows a lower probability of
non-compliance.
The probability of the company's
non-compliance with its payment obligations within deadlines estimated by our
qualifications models is 7.741%.
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 proability of non-compliance should not be solely interpreted as the total loss of the owed amount.
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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PROCEDURES OF CONTEST, BANKRUPTCY
AND BANKRUPTCY PROTECTION
Link list
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SHAREHOLDERS: |
1 Entities |
> Shareholders
|
Relationship |
Entity |
Province |
Shareholding stake |
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SHAREHOLDERS |
CHEHRI JAVAD |
|
100 |
Turnover
|
Total Sales |
0 |
Estimated
Balance
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FINANCIAL YEAR : 2014 ( IN THOUSAND OF EUROS ) TOTAL ASSETS
.............................205 NOT CURRENT ASSETS....................5
CURRENT ASSETS.......................200 LIABILITIES
CAPITAL.............................................3 NOT CURRENT LIABILITIES..................60
CURRENT LIABILITIES......................142 |
Financial Accounts and Balance Sheets
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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.
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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.
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COMPARATIVE
SECTORIAL BALANCE |
--
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News |
Public Tenders and Works Won
No Public Tenders assigned to the name of the company.
Research Summary
|
Company founded
in June 2014 whose commercial developments should be monitorised in the
coming years due to its recent incorporation. No experience in payment
obligations. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.25 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
ANK |
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.