MIRA INFORM REPORT
|
Report No. : |
339997 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MILLENIUM
TODAY SL |
|
|
|
|
Registered Office : |
C/ Albert
Einstein, 50 P.2 PTA.1. -Terrassa- Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
26.06.2007 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject is
engaged in wholesale of machinery for the textile industry and of sewing and knitting
machines |
|
|
|
|
No. of Employee : |
No Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Spain |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
Company
name
MILLENIUM TODAY SL
|
EXECUTIVE
SUMMARY
|
Denomination: MILLENIUM TODAY SL
|
Cif: |
B64618622 |
|
Registry Data: |
Register
BARCELONA, Section 8, Sheet 354479 |
|
Incorporation Date: |
26/06/2007 |
|
Last Publication in BORME: |
09/10/2014
(Statutory modifications) |
|
Last Published Account Deposit: |
2014
(Submitted in August of 2015) |
|
Share Capital |
253000.00
€ |
Localization: C/ ALBERT EINSTEIN, 50 P.2 PTA.1.
TERRASSA (BARCELONA)
|
Telephone: |
937802144 |
Activity
|
NACE: |
4664
/ Wholesale of machinery for the textile industry and of sewing
and knitting machines |
|
Size: |
SMALL |
|
ACTIVITY
|
|
NACE: |
4664
/ Wholesale of machinery for the textile industry and of sewing
and knitting machines |
|
Main Activity: |
Wholesale
of machinery for the textile industry and of sewing and knitting machines |
|
CNAE Source: |
ANNUAL
ACCOUNTS |
|
Company size: |
Small |
Basis for scoring
|
Positive Factors |
Adverse Factors |
|
|
|
Most
relevant data
|
Adequate
capacity to meet its financial obligations. |
|
TREND
OF SCORING
|
Section
detailing the last 4 scoring revisions for the business, as well as a
description of the events which spurred the analysis.
|
Last four
scoring revisions |
Evolution |
Date |
Event |
|
|
Neutral |
18/08/15 |
Updating
of financial statements. |
|
Neutral |
09/10/14 |
Updating
of relevant commercial information. |
|
|
|
02/09/14 |
Updating
of financial statements. |
|
|
Negative |
29/08/14 |
Scoring
revision by one of expert analysts. |
Most
relevant data
|
The information
contained in the latest annual statements has led to a Scoring review for the
company. |
|
ESTIMATED
PROBABILITY OF DEFAULT
|
Section
showing the probability that the company queried will not be able to meet the business
obligations it takes on over the next 12 months, as well as a comparison
against the average probability within the sector.
The
Estimated Probability of Default should be interpreted as the number of
companies (with similar profiles to that of the company queried) whose loans
have turned non-performing or delinquent, as a percentage of the total number
of companies..
Estimated
Probability of Default (next 12 months): 1.526 %
|
Sector
in which comparison is carried out :
466 Wholesale of other machinery, equipment and supplies |
|
|
Relative
Position:
|
Most relevant data
|
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 80.00%
of the companies of the sector MILLENIUM TODAY SL belongs to show a higher
probability of non-compliance. |
|
The
probability of the company's non-compliance with its payment obligations
within deadlines estimated by our qualifications models is 1.526%. 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. |
|
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 Empresas and
RAI).
Summary
|
There
are no of outstanding debts with Public Administration bodies or resulting
from claims filed by individuals before Courts of the different
jurisdictions. |
|
No
defaults are registered with the main local credit bureaus (ASNEF Empresas). |
Chronological
Summary
|
Proceedings
and Stages |
Number
of Publications |
Amount |
Start
date |
End date |
|
|
Insolvency
Proceedings, Bankruptcy and Suspension of Payments |
Unpublished |
- |
- |
- |
|
|
Request/Declaration |
0 |
- |
|
- |
|
|
Proceedings |
0 |
- |
|
- |
|
|
Resolution |
0 |
- |
|
- |
|
|
Defaults
on debt with Financial Institutions and Large Companies |
None |
- |
|
|
|
|
Status:
Friendly |
|
- |
|
|
|
|
Status:
Pre-Litigation |
|
- |
|
|
|
|
Status:
Litigation |
|
- |
|
|
|
|
Status:
Non-performing |
|
- |
|
|
|
|
Status: insolvency
proceedings, bankruptcy and suspension of payments |
|
- |
|
|
|
|
Other
status |
|
- |
|
|
|
|
Legal
and Administrative Proceedings |
Unpublished |
0 |
|
|
|
|
Notices
of defaults and enforcement |
0 |
0 |
|
|
|
|
Seizures |
0 |
0 |
|
|
|
|
Auctions |
0 |
0 |
|
|
|
|
Declarations
of insolvency and bad debt |
0 |
0 |
|
|
|
|
Proceedings
heard by the Civil Court |
Unpublished |
0 € |
|
|
|
|
Proceedings
heard by the Labour Court |
Unpublished |
- |
|
|
|
DETAILS.
DEFAULTS
WITH FINANCIAL INSTITUTIONS AND LARGE COMPANIES Bank and Commercial Delinquency
|
No
defaults are registered with the main local credit bureaus (ASNEF Empresas). |
|
Product |
Number
of Defaults |
|
MORTGAGE
LOAN, PERSONAL LOAN |
- |
|
OVERDRAFT
IN CURRENT ACCOUNT, CREDIT CARD, PRIVATE LABEL CARD OR DEBIT CARD |
- |
|
CREDIT
POLICY, BUSINESS DISCOUNT |
- |
|
INSURANCE,
RENTAL |
- |
|
LEASING,
FACTORING, RENTING, CONFIRMING |
- |
|
TELECOMMUNICATIONS |
- |
|
AUTOMOBILE
FINANCING, CAPITAL EQUIPMENT OR CONSUMER GOODS |
- |
|
COLLATERAL
and GUARANTEES |
- |
|
Miscellaneous |
- |
Legal
Notice:
This data
has been obtained from consultation of the ASNEF Empresas register. It may only
be used for the purposes of awarding credit, monitoring credit and managing
loans. This data may not be reused or included in any database, and may not be
ceded .
ACCOUNTS
DEPOSITED
|
|
Financial
Year |
Type of
Annual Accounts |
|
|
2014 |
Normal |
August
2015 |
|
2013 |
Normal |
August
2014 |
|
2012 |
Normal |
February
2014 |
|
2011 |
Normal |
August
2012 |
|
2010 |
Normal |
June
2012 |
|
2009 |
Normal |
June
2012 |
|
2008 |
Normal |
June
2012 |
|
ABSTRACT
OF ANNUAL ACCOUNTS
|
Source of data:
Information
corresponding to the fiscal years designated as ORIGINAL 2008.
Information
corresponding to the fiscal years designated as EQUIVALENCE, has been
calculated based on the criteria established by the transitory provisions of
the new General Accounting Plan.
For
cases where relevant provisions do not establish equivalence criteria, drawn
them up using its own methodology.
Abstract
of annual accounts pursuant to new General Accounting Plan 2007
|
ASSETS |
2014 31/12/2014 |
2013 31/12/2013 |
2012 31/12/2012 |
|
|
Non-current
Assets |
30.294 |
13.575 |
417 |
|
|
Current
Assets |
1.558.132 |
1.612.131 |
1.954.610 |
|
|
Total
Assets |
1.588.426 |
1.625.706 |
1.955.027 |
|
|
NET ASSETS
AND LIABILITIES |
2014 31/12/2014 |
2013 31/12/2013 |
2012 31/12/2012 |
|
|
Net
Worth |
725.212 |
486.150 |
156.863 |
|
|
Non-current
Liabilities |
0 |
0 |
0 |
|
|
Current
Liabilities |
863.214 |
1.139.556 |
1.798.163 |
|
|
Total
Net Assets and Liabilities |
1.588.426 |
1.625.706 |
1.955.027 |
|
|
RESULT'S
ACCOUNT |
2014 31/12/2014 |
2013 31/12/2013 |
2012 31/12/2012 |
|
|
Net
total sales |
2.972.027 |
2.397.643 |
1.635.786 |
|
|
Other
Operating Income |
0 |
2.319 |
3.545 |
|
|
Consumption,
Amortization and Other Operating Expenses |
-2.703.557 |
-2.264.610 |
-1.573.950 |
|
|
Operating
Result |
268.470 |
135.352 |
65.381 |
|
|
Financial
Results |
-3.971 |
1.233 |
-17 |
|
|
Discontinued
Operations Result |
0 |
0 |
0 |
|
|
Financial
Year Result |
209.062 |
109.268 |
49.023 |
|
|
ECONOMIC-FINANCIAL RATIOS ESSENTIAL TO
AWARDING CREDIT
|
Data used in the following ratios and indicators
is taken from the Annual Accounts submitted by the company to the TRADE
REGISTER
|
Economic-Financial
Indicators |
2014 31/12/2014 |
2013 31/12/2013 |
2012 31/12/2012 |
|
|
Net
Turnover Amount |
2.972.027 |
2.397.643 |
1.635.786 |
|
|
Average
payment term |
30 |
56 |
84 |
|
|
Number
of Employees |
0 |
0 |
0 |
|
|
Income
Return Ratios |
2014 31/12/2014 |
2013 31/12/2013 |
2012 31/12/2012 |
|
|
Operating
economic profitability |
21,37 % |
9,82 % |
3,57 % |
|
|
Total
economic profitability |
16,67 % |
8,46 % |
3,34 % |
|
|
Margin |
9,40 % |
5,64 % |
3,99 % |
|
|
Solvency
Ratios |
2014 31/12/2014 |
2013 31/12/2013 |
2012 31/12/2012 |
|
|
Liquidity |
0,01 |
0,05 |
0,06 |
|
|
Acid
Test |
0,83 |
0,73 |
0,60 |
|
|
Working
Capital / Investment |
0,44 |
0,29 |
0,08 |
|
|
Solvency |
1,81 |
1,42 |
1,09 |
|
|
Ratios
de Endeudamiento |
2014 31/12/2014 |
2013 31/12/2013 |
2012 31/12/2012 |
|
|
Indebtedness
level |
1,19 |
2,34 |
11,46 |
|
|
Borrowing
Composition |
0,00 |
0,00 |
0,00 |
|
|
Repayment
Ability |
-16,07 |
-26,15 |
17,17 |
|
|
Warranty |
1,84 |
1,43 |
1,09 |
|
LINK
LIST
|
|
HAS IN
ITS ADMINISTRATION BOARD TO: |
1 Entidades |
|
IS RELATED
WITH: |
3 Entidades |
Company
Links
IS
RELATED WITH:
|
Body |
CIF |
Province |
Status |
Participation
percentage |
|
LEVEL
INVERSIONES SL |
B63642375 |
BARCELONA |
ACTIVE |
|
|
MPU
SEGLE XXI SL |
B65186181 |
BARCELONA |
ACTIVE |
|
|
GIRA
S XXI RECUPERACIONES SL |
B65413106 |
BARCELONA |
ACTIVE |
|
HAS IN ITS
ADMINISTRATION BOARD TO:
|
Body |
CIF |
Province |
Status |
Participation
percentage |
|
GLOBAL
WORK SOLUTIONS SL |
B65063869 |
BARCELONA |
ACTIVE |
|
|
REGISTRY
DATA
|
|
Mercantile
Registry: |
BARCELONA |
|
Register
Data: |
8 Hoja
Registral: 354479 |
|
Date of
formation: |
26/06/2007 |
|
Corporate
Purpose published in the Borme: |
COMPRAVENTA
DE TODA CLASE DE MAQUINARIA INDUSTRIAL,NUEVA O DE OCASION DE CUALQUIER SECTOR
DE PRODUCCION.COMPRAVENTA DE TODO TIPO DE CHATARRA Y METALES.DESGUACE DE TODO
TIPO DE FABRICAS . FECHA DE PUBLICACION 06/06/2012 |
|
Registered
Office: |
C/ ALBERT
EINSTEIN, 50 P.2 PTA.1. -TERRASSA- BARCELONA |
|
CHRONOLOGICAL
SUMMARY
|
Note: 
Important 
Very Important
|
2007 |
Appointments/
Re-elections (2) Cessations/
Resignations/ Reversals (1)
Company
Formation (1) |
|
2008 |
Appointments/
Re-elections (1) Cessations/
Resignations/ Reversals (1)
Other
Concepts/ Events (1) |
|
2012 |
Accounts
deposit (year 2008, 2009, 2010, 2011) Appointments/
Re-elections (1) Cessations/
Resignations/ Reversals (1)
Other
Concepts/ Events (1) |
|
2013 |
|
|
2014 |
Accounts
deposit (year 2012, 2013) Appointments/
Re-elections (1) Cessations/
Resignations/ Reversals (1)
|
|
2015 |
Accounts
deposit (year 2014) |
MAIN
HISTORIC CHANGES
|
|
Concept |
Publication |
Act |
Date |
|
Previous
Denominations: |
ELITE
ARENA SMART SL |
Company
name change |
06/06/2012 |
|
|
|
|
|
|
Corporate
Purpose Changes: |
LA
PROMOCION Y CONSTRUCCION DE VIVIENDAS, DE OFICINAS Y DE TODO TIPO DE
INMUEBLES, ASI COMO LA COMPRA VENTA REFORMA,.ADMINISTRACION Y EXPLOTACION DE VIVIENDAS,
EDIFICIOS, HOTELES, LOCALES, ETC |
Company
Formation |
03/08/2007 |
|
|
|
|
|
|
Previous
Corporate Domicile: |
C/
VICTOR CATALA, 8 -1G P.5 PTA.1. SABADELL (BARCELONA) |
Company
Domicile change |
29/10/2008 |
|
|
C/ AMIGO,
67 P.4 PTA.2. BARCELONA |
Company
Domicile change |
01/10/2007 |
|
|
C/ ROGER
DE LLURIA, 119 P.2 PTA.2. BARCELONA |
Company
Formation |
16/07/2007 |
|
BREAKDOWN
OF OWNERS EQUITY
|
|
Current
Notarised Capital: |
253.000
EUROS |
|
Current
Paid-up Capital: |
253.000
EUROS |
|
UPDATED
EVOLUTION OF THE SUBSCRIBED AND PAID-IN CAPITAL
|
|
Inscription
date |
Type of
Registration |
Capital
Subscribed |
Paid up capital |
Underwritten
result |
Disbursed
Result |
|
01/10/2014 |
Increase
of Capital |
30.000€ |
30.000€ |
253.000€ |
253.000€ |
|
12/07/2013 |
Increase
of Capital |
219.994€ |
219.994€ |
223.000€ |
223.000€ |
|
16/07/2007 |
Company
Formation |
3.006€ |
3.006€ |
3.006€ |
3.006€ |
|
ACTIVE
SOCIAL BODIES
|
|
Published
Post |
Social
Body Name |
Registration
Date |
|
JOINT
MANAGER |
GLOBAL
WORK SOLUTIONS SL |
01/10/2014 |
|
JOINT
MANAGER |
ZAHONERO
ALONSO JUAN |
06/06/2012 |
|
REPRESENTATIVE |
MAGRINYA
SINTES MARCAL |
01/10/2014 |
|
HISTORICAL
SOCIAL BODIES
|
Formerly
Active Governing Bodies - Total: 5
|
Social
Body's Name |
Post
published |
End Date |
Other
Positions in this Company |
|
GIRA S XXI
RECUPERACIONES SOCIEDAD LIMITADA |
JOINT
MANAGER |
01/10/2014 |
1 |
|
JOSE
LUIS COLLS PEYRA |
SINGLE
ADMINISTRATOR |
01/10/2007 |
1 |
|
MANUEL
BAZ MACIAS |
SINGLE
ADMINISTRATOR |
29/10/2008 |
1 |
|
MARCELO
PUIGANTELL ULLES |
REPRESENTATIVE |
01/10/2014 |
1 |
|
OSCAR
SANCHEZ SEGOVIA |
SINGLE
ADMINISTRATOR |
06/06/2012 |
2 |
|
|
SINGLE
PARTNER |
06/06/2012 |
|
|
SECTORS OF INTEREST THAT HAVE CONSULTED
THIS ENTERPRISE
|
|
Sector |
2008 (6) |
2009 (5) |
2010 (2) |
2011 (4) |
2013 (11) |
2014 (1) |
2015 (12) |
|
|
WHOLESALERS
AND MIDDLEMEN |
|
|
2 |
|
6 |
|
|
|
|
BUILDING
INDUSTRY / REAL ESTATE AND PUBLIC WORKS |
|
|
|
4 |
1 |
1 |
|
|
|
INSURANCE
AND FINANCIAL SERVICES |
2 |
|
|
|
2 |
|
2 |
|
|
PUBLIC
ADMINISTRATION |
|
5 |
|
|
|
|
|
|
|
MARKETING/PUBLICITY
AND PUBLIC RELATIONS |
2 |
|
|
|
|
|
2 |
|
|
AUDITORS,
ECONOMISTS AND CONSULTANTS |
|
|
|
|
|
|
4 |
|
|
RETAIL
DEALERS- COMMERCIAL ESTABLISHMENTS |
|
|
|
|
|
|
4 |
|
|
AGENCIES
AND CONSULTANCIES |
2 |
|
|
|
|
|
|
|
|
FOOD
SECTOR, BEVERAGES AND TOBACCO |
|
|
|
|
1 |
|
|
|
|
MISCELLANEOUS
SECTORS |
|
|
|
|
1 |
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.58 |
|
UK Pound |
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.