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MIRA INFORM REPORT
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Report No. : |
506452 |
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Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
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Name : |
MAR CURTIDOS SL |
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Registered Office : |
C/ Miguel De Unamuno, 23. - Elche/Elx - 03202 - Alicante |
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Country : |
Spain |
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Date of Incorporation : |
06.05.2013 |
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Legal Form : |
Private company |
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Line of Business : |
Manufacture of footwear |
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No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SPAIN - ECONOMIC OVERVIEW
After a prolonged recession that began in 2008 in the wake of the global financial crisis, Spain marked the fourth full year of positive economic growth in 2017, with economic activity surpassing its pre-crisis peak, largely because of increased private consumption. The financial crisis of 2008 broke 16 consecutive years of economic growth for Spain, leading to an economic contraction that lasted until late 2013. In that year, the government successfully shored up its struggling banking sector - heavily exposed to the collapse of Spain’s real estate boom - with the help of an EU-funded restructuring and recapitalization program.
Until 2014, contraction in bank lending, fiscal austerity, and high unemployment constrained 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 16.4% in 2017. 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 about 3.3% of GDP in 2017. Public debt has increased substantially – from 60.1% of GDP in 2010 to nearly 96.7% in 2017.
Strong export growth helped bring Spain's current account into surplus in 2013 for the first time since 1986 and sustain Spain’s economic growth. Increasing labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have improved Spain’s export competitiveness and generated foreign investor interest in the economy, restoring FDI flows.
In 2017, the Spanish Government’s minority status constrained its ability to implement controversial labor, pension, health care, tax, and education reforms. The European Commission expects the government to meet its 2017 budget deficit target and anticipates that expected economic growth in 2018 will help the government meet its deficit target. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and increased economic activity has generated a modest level of inflation, at 2% in 2017.
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Source : CIA |
EXECUTIVE
SUMMARY
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Name: |
MAR
CURTIDOS SL |
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NIF
/ Fiscal code: |
B54706064 |
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Status: |
ACTIVE |
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Incorporation
Date: |
06/05/2013 |
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Register Data |
Register
Section 8 Sheet 134784 |
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Last Publication in BORME: |
20/05/2013
[Appointments] |
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Share
Capital: |
3.010 |
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Localization: |
C/
MIGUEL DE UNAMUNO, 23. - ELCHE/ELX - 03202 - ALICANTE |
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Telephone
- Fax - Email - Website: |
Telephone.
966 610 810 |
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Activity: |
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NACE: |
1520
- Manufacture of footwear |
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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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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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5 |
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
Result: NEGATIVE |
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The
procedures performed have not allowed for confirmation of the holder's address.
After making the relevant steps upon the subject we have reached the
following conclusion: First, in the media consulted at our reach on behalf of
the subject appeared the phone 966610810, to which we have made numerous
calls at different times of the day and on different and so far not it has
been possible to contact any person in it. The neighbors consulted at the
heading address, and in the address provided by you .: C / Ondara, 18 (Pol.
Ind. Faima) of Crevillente (Alicante), do not know anything about the
subject. As for its administrator Mr. Miguel Ángel Martínez Rubio, inhe
databases consulted with that name and surname, he appears as executive
officer in several companies of different registries, so we do not know if he
is the same person. With this we conclude our investigations. As we do not
know the current situation of the company, we recommend being cautious. |
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Enquiry Details |
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Identification
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Social Denomination: |
MAR CURTIDOS SL |
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NIF / Fiscal code: |
B54706064 |
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Corporate Status: |
ACTIVE |
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Start of activity: |
2013 |
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Registered Office: |
C/ MIGUEL DE UNAMUNO, 23. |
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Locality: |
ELCHE/ELX |
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Province: |
ALICANTE |
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Postal Code: |
03202 |
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Telephone: |
966 610 810 |
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Branch Offices |
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Activity
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NACE: |
1520 |
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Corporate Purpose: |
THE SUBJECT IS ENGAGED IN
THE MANUFACTURE, SALE, EXPORT AND IMPORT OF ALL KINDS OF TANNING AND
FOOTWEAR. WHOLESALE AND RETAIL SALE OF TANNING, FOOTWEAR AND FOOTWEAR
COMPONENTS, AS WELL AS ITS IMPORT AND EXPORT. |
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Import / export: |
DOES NOT IMPORT / DOES NOT
EXPORT |
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Chronological
Summary
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Year |
Act |
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2013 |
Appointments/ Re-elections (1) Company Formation (1) |
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Breakdown
of Owners' Equity
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Registered Capital: |
3.010 |
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Paid up capital: |
3.010 |
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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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10/05/2013 |
Company Formation |
3.010 |
3.010 |
3.010 |
3.010 |
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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 |
MARTINEZ RUBIO MIGUEL ANGEL |
10/05/2013 |
1 |
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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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| //c\\ |
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Executive
board
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Post |
NIF |
Name |
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ADMINISTRATOR |
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MIGUEL ANGEL MARTINEZ RUBIO |
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DIRECTOR/GENERAL MANAGER |
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MIGUEL ANGEL MARTINEZ RUBIO |
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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 ).
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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5 |
--- |
18/10/2017 |
27/04/2018 |
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Notices
of defaults and enforcement |
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5 |
--- |
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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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Basis
for scoring
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Positive Factors |
Adverse Factors |
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It has minor judicial claims. of outstanding debts with Public Administration bodies or resulting from claims filed by individuals before Courts of the different jurisdictions have been published in the Official Gazettes. However, these judicial claims are in stages prior to the execution phase. There are no links to micro-enterprises or SMEs. It is in a Development stage. It has scarce experience in the Sector, characterized by not having yet achieved a strong market position. 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: 18.957 %
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
4.00% of the companies of the sector MAR CURTIDOS SL 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 18,957%.
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 |
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LEGAL CLAIMS |
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Summary
of Judicial Claims |
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Not
published |
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Not
published |
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5
Legal Claims whose amounts have not been published |
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Not
published |
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Not
published |
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Not
published |
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Not
published |
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Not
published |
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Not
published |
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Incidences
Detailed |
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Incidences
with the Tax Agency |
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Last
Published Stage: |
EXECUTION
NOTIFICATION |
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Record
Number: |
1899028762978 |
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Requested
by: |
HACIENDA
PUBLICA |
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Published
domicile: |
(DESCONOCIDA) |
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Source: |
B.O.E.
Nº104, 2018 SUPLEMENTO 1 PAGINA 425 |
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Last
Published Stage: |
EXECUTION
NOTIFICATION |
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Record
Number: |
1799077351472 |
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Requested
by: |
HACIENDA
PUBLICA |
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Published
domicile: |
(DESCONOCIDA) |
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Source: |
B.O.E.
Nº253, 2017 SUPLEMENTO 1 PAGINA 3 |
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|
|
Last
Published Stage: |
EXECUTION
NOTIFICATION |
|
Record
Number: |
1799077351463 |
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Requested
by: |
HACIENDA
PUBLICA |
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Published
domicile: |
(DESCONOCIDA) |
|
Source: |
B.O.E.
Nº253, 2017 SUPLEMENTO 1 PAGINA 3 |
|
|
|
Last
Published Stage: |
EXECUTION
NOTIFICATION |
|
Record
Number: |
1799077351454 |
|
Requested
by: |
HACIENDA
PUBLICA |
|
Published
domicile: |
(DESCONOCIDA) |
|
Source: |
B.O.E.
Nº253, 2017 SUPLEMENTO 1 PAGINA 3 |
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|
|
Last
Published Stage: |
EXECUTION
NOTIFICATION |
|
Record
Number: |
1799077351445 |
|
Requested
by: |
HACIENDA
PUBLICA |
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Published
domicile: |
(DESCONOCIDA) |
|
Source: |
B.O.E.
Nº253, 2017 SUPLEMENTO 1 PAGINA 3 |
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Guarantees |
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References |
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Turnover
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Total Sales |
0 |
The sales data is from the
latest available financial statements in axesor. Failing that, are estimates
data calculated by statistical methods.
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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
|
>
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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|
News |
|
Public Tenders and Works Won |
No Public Tenders assigned to the name of the company.
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Research
Summary
|
|
After making the relevant steps upon the subject we have reached the
following conclusion: First, in the media consulted at our reach on behalf of
the subject appeared the phone 966610810, to which we have made numerous
calls at different times of the day and on different and so far not it has
been possible to contact any person in it. The neighbors consulted at the
heading address, and in the address provided by you .: C / Ondara, 18 (Pol.
Ind. Faima) of Crevillente (Alicante), do not know anything about the
subject. As for its administrator Mr. Miguel Ángel Martínez Rubio, in the databases
consulted with that name and surname, he appears as executive officer in
several companies of different registries, so we do not know if he is the
same person. With this we conclude our investigations. As we do not know the
current situation of the company, we recommend being cautious. |
|
Sources
|
|
Registry of Commerce's Official Gazette. Own and external data bases
Company References |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.61 |
|
|
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.86 |
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Euro |
1 |
INR 80.00 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.