MIRA INFORM REPORT
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Report No. : |
349425 |
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Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
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Name : |
ATEX INCEX SL |
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Registered Office : |
C/ Tirso De Molina, 36. - Cornella De Llobregat - 08940 - Barcelona |
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Country : |
Spain |
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Date of Incorporation : |
08.03.2013 |
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Legal Form : |
Private Company |
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Line of Business : |
Other professional, scientific and technical activities
n.e.c. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limits : |
6.000 Euro |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 |
EXECUTIVE
SUMMARY
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Name: |
ATEX INCEX SL |
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NIF / Fiscal code: |
B65993420 |
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Status: |
ACTIVE |
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Incorporation Date: |
08/03/2013 |
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Register Data |
Register Section 8 Sheet 434673 |
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Last Publication in
BORME: |
16/05/2013 [Appointments] |
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Share Capital: |
100.000 |
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Localization: |
C/ TIRSO DE MOLINA, 36. - CORNELLA DE LLOBREGAT - 08940 -
BARCELONA |
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Telephone - Fax - Email - Website: |
Telephone. 931 957 456 / 674 723 209 / 633 715 167 Email.
info@atexiberica.com Website. www.atexiberica.com |
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Activity: |
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NACE: |
7490 - Other professional, scientific and technical activities
n.e.c. |
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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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Maximum recommended commercial credit: |
6.000 |
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Payment Behaviour: |
According to the agreed terms |
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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 |
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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: |
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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This company was incorporates in 2013 and it''s engaged in
industrial explosion prevention and protection systems.It enjoys a good
concept among the sources consulted. It meets payment commitments in an
orderly manner. |
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Interviewed Person: |
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Enquiry
Details
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Business address regime: |
Alquiler |
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Identification
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Social Denomination: |
ATEX INCEX SL |
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NIF / Fiscal code: |
B65993420 |
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Corporate Status: |
ACTIVE |
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Start of activity: |
2013 |
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Registered Office: |
C/ TIRSO DE
MOLINA, 36. |
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Locality: |
CORNELLA DE
LLOBREGAT |
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Province: |
BARCELONA |
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Postal Code: |
08940 |
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Telephone: |
931 957 456 /
674 723 209 / 633 715 167 |
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Website: |
www.atexiberica.com |
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Email: |
info@atexiberica.com |
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Interviewed Person: |
Empleado
Administración (Negativo) |
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Branch
Offices
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-- |
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Activity
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NACE: |
7490 |
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Legal Form: |
ACTIVITY, MANUFACTURE, DISTRIBUTION, INSTALLATION, COUNSELLING, MAINTENANCE AND SALE OF PROTECTION AND PREVENTION OF EXPLOSION, OVERPRESSURE AND FIRES. |
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Additional Information: |
It''s engaged in prevention and protection of industrial explosions. Trade name: ATEX IBERICA Delegation of the German company, which is manufacturer of suppression and isolation explosion equipment ATEX Explosionsschutz, GmbH Personalized and security solutions such as: -Explosion protection systems: suppression and chemical or mechanical isolation. -Training through informative talks. -Detection and monitoring of CO -Dust explosion venting -Flame arresters venting -Spark detection |
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Additional Address: |
Registered office and offices C/ TIRSO DE MOLINA, 36. 08940 CORNELLA DE LLOBREGAT ( BARCELONA ) |
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Import / export: |
IMPORT / 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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2013 |
Appointments/ Re-elections (3) Cessations/ Resignations/
Reversals (1) Change of Social Purpose (1) Company Formation (1) Declaration
of Sole Propietorship (1) Increase of Capital (1) Loss of the sole
propietorship condition (1) Other Concepts/ Events (2) Statutory
Modifications (1) |
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Main
Historic Changes
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Concept |
Publication |
Act |
Date |
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Corporate Purpose Changes: |
CONSTRUCCION,INSTALACIONES Y MANTENIMIENTO.COMERCIO AL POR
MAYOR Y AL POR MENOR.DISTRIBUCION COMERCIAL.IMPORTACION Y
EXPORTACION.ACTIVIDADES INMOBILIARIAS.ACTIVIDADES PROFESIONALES. INDUSTRIAS
MANUFACTURERAS Y TEXTILES |
Company Formation |
15/03/2013 |
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Breakdown
of Owners' Equity
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Registered Capital: |
100.000 |
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Paid up capital: |
100.000 |
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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08/03/2013 |
Company Formation |
3.000 |
3.000 |
3.000 |
3.000 |
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26/04/2013 |
Increase of Capital |
97.000 |
97.000 |
100.000 |
100.000 |
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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 |
FRANZ BERNHARD HEINRICH ALFERT |
26/04/2013 |
1 |
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PROXY |
MARTINO BOFARULL XAVIER |
08/05/2013 |
3 |
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Historical
Social Bodies
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Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
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MARTINO BOFARULL XAVIER |
SINGLE ADMINISTRATOR |
26/04/2013 |
3 |
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SINGLE PARTNER |
26/04/2013 |
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Executive
board
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Post |
NIF |
Name |
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ADMINISTRATOR |
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FRANZ BERNHARD HEINRICH ALFERT |
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DIRECTOR/GENERAL MANAGER |
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FRANZ BERNHARD HEINRICH ALFERT |
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 |
--- |
--- |
--- |
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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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> 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. It belongs to a
sector where positive signs of recovery seen in the evolution of rates Gross
Value Added The path traveled
by the entity are positively highlighted stability of the corporate bodies . |
There are no links
to micro-enterprises or SMEs. It does not have
sufficient experience in the Sector due to its recent incorporation. Since its
creation, it has not submitted any balance sheets to the Registry of
Commerce, a fact that prevents the obtention of a true picture of the
company's assets and financial situation, thus acting contrary to the laws in
force and to the principle of transparency. |
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: 749 Other professional, scientific and technical activities n.e.c. |
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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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Guarantees |
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References |
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Turnover
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Total Sales 2014 |
650.000 |
The sales data is from the latest available financial statements.
Failing that, are estimates data calculated by statistical methods.
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Estimated
Balance
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FINANCIAL YEAR DATA: 2014 ( x1000 EUROS ) TOTAL
ASSETS................................................415 NON CURRENT ASSETS.....................................65
CURRENT ASSETS...........................................350 LIABILITIES OWN
FUNDS......................................................150 NON CURRENT
LIABILITIES.................................70 CURRENT LIABILITIES........................................195 |
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Financial
Accounts and Balance Sheets
|
Financial Years Presented
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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.
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.
COMPARATIVE SECTORIAL BALANCE
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--
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News
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--
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Public
Tenders and Works Won
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No Public Tenders assigned to the name of the company.
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Research
Summary
|
|
This company was
incorporates in 2013 and it''s engaged in industrial explosion prevention and
protection systems.It enjoys a good concept among the sources consulted. It meets
payment commitments in an orderly manner. |
|
Sources
|
|
Registry of
Commerce's Official Gazette. Own and external data bases Company References |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.98 |
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UK Pound |
1 |
Rs.100.11 |
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Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TRU |
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 |
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|
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 |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.