MIRA INFORM REPORT
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Report No. : |
325998 |
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Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
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Name : |
AGROFOOD MELILLA SL |
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Registered Office : |
Av/ De Europa, 21. - Melilla - 52006 - Melilla |
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Country : |
Spain |
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Date of Incorporation : |
26.04.2014 |
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Legal Form : |
Private Company |
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Line of Business : |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
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 briefly 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 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 2010. 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. 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 January 2014. Recently increased private consumption helped bring real GDP growth back into positive territory at 1.3% in 2014, and labor reforms prompted a modest reduction in the unemployment rate, from more than 26% in 2013 to 24% in 2014. Despite the uptic in economic activity, inflation dropped sharply, from 1.5% in 2013 to flat in 2014. Spain’s 2015 budget, published in September 2014, rolls back some recently imposed taxes in advance of national elections in November 2015 and leaves untouched the country’s value-added tax (VAT) regime, which generates significantly lower revenue than the EU average. Spain’s borrowing costs are dramatically lower since their peak in mid-2012.
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Source
: CIA |
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EXECUTIVE
SUMMARY
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Name: |
AGROFOOD
MELILLA SL |
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NIF
/ Fiscal code: |
B52031473 |
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Status: |
ACTIVE |
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Incorporation
Date: |
26/06/2014 |
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Register Data |
Register
Section 8 Sheet 2075 |
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Last Publication in BORME: |
14/08/2014
[Appointments] |
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Share
Capital: |
20.000 |
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Localization: |
AV/
DE EUROPA, 21. - MELILLA - 52006 - MELILLA |
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Telephone
- Fax - Email - Website: |
Telephone.
952 670 590 |
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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: |
|
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Subsidies: |
0
for a total cost of 0 |
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Quality
Certificate: |
No |
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Default
Risk: |
5.298% |
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Maximum
recommended commercial credit: |
4.000 |
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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 |
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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 june 2014, so it would be correct to follow its commercial
development in the next financial years. No experience in the fullfilment of
its payment obligations. |
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Enquiry
Details
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Business address regime: |
In rent |
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Identification
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Social Denomination: |
AGROFOOD MELILLA SL |
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NIF / Fiscal code: |
B52031473 |
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Corporate Status: |
ACTIVE |
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Start of activity: |
2014 |
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Registered Office: |
AV/ DE EUROPA, 21. |
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Locality: |
MELILLA |
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Province: |
MELILLA |
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Postal Code: |
52006 |
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Telephone: |
952 670 590 |
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Activity
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NACE: |
4690 |
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Legal Form: |
IMPORT, EXPORT, DISTRIBUTIN, WHOLESALE AND RETAIL OF ANY KIND OF MERCHANDISE, RAW MATERIALS, SEMI-FINISHED PRODUCTS AND ALL ACTIVITIES RELATED. |
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Additional Information: |
The company is engaged in the distribution of food products. |
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Additional Address: |
AV/ DE EUROPA, 21 52006 MELILLA , registered office, 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: |
20.000 |
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Paid up capital: |
20.000 |
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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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07/08/2014 |
Company Formation |
20.000 |
20.000 |
20.000 |
20.000 |
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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 |
TUHAMI MOHAMED KARIM |
07/08/2014 |
1 |
Executive
board
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Post |
NIF |
Name |
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ADMINISTRATOR |
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KARIM TUHAMI MOHAMED |
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DIRECTOR/GENERAL MANAGER |
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KARIM 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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--- |
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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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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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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. Private consumption continues to have, in spite of some signs of
improvement, very low rates , thus showing great weakness. |
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Probability of default
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> Estimated Probability
of Default for the next 12 months: 5.298 %
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.
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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 in Failing that, are
estimates data calculated by statistical methods.
Estimated
Balance
|
|
FINANCIAL YEAR : 2014 ( IN
THOUSAND OF EUROS ) TOTAL ASSETS.......................................49 NOT
CURRENT ASSETS............................4 CURRENT
ASSETS................................45 LIABILITIES CAPITAL .................................................20
NOT CURRENT LIABILITIES...........................7 CURRENT
LIABILITIES...............................22 |
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Financial
Accounts and Balance Sheets
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Financial Years Presented
|
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.
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.
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Public
Tenders and Works Won
|
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|
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No Public Tenders assigned to the name of
the company.
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Research
Summary
|
|
Company founded in june 2014, so it would be correct to follow its
commercial development in the next financial years. No experience in the
fullfilment of its payment obligations. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.94 |
|
|
1 |
Rs.98.27 |
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Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
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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 |
|
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.