MIRA
INFORM REPORT
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Report Date : |
16.12.2011 |
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el. No.: |
+64 91 6476068 |
IDENTIFICATION DETAILS
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Name : |
DIAGOMODA SL |
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Registered Office : |
Cl. Juan De La Cierva, 60 - Plind Prado RegordoƱo Mostoles, 28936 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
1983 |
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Com. Reg. No.: |
B28885275 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of clothing and footwear |
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No. of Employee: |
526 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Spain |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Diagomoda Sl
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Business
Description
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Wholesale of clothing and footwear |
Industry
|
Industry |
Apparel and Accessories |
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ANZSIC 2006: |
371 - Textile, Clothing and Footwear
Wholesaling |
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NACE 2002: |
5142 - Wholesale of clothing and footwear |
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NAICS 2002: |
4243 - Apparel, Piece Goods, and Notions
Merchant Wholesalers |
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UK SIC 2003: |
5142 - Wholesale of clothing and footwear |
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US SIC 1987: |
513 - Apparel, Piece Goods, and Notions |
Key Executives
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1 - Profit & Loss
Item Exchange Rate: USD 1 = EUR 0.7443864
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7030124
Corporate Overview
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Executives Report
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Annual Profit & Loss
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
|
|
|
|
|
|
Charges |
228.8 |
171.6 |
117.2 |
|
Supplies |
172.6 |
129.6 |
90.0 |
|
Goods Consumption |
172.6 |
126.3 |
90.0 |
|
Miscellaneous External
Expenditures |
- |
3.3 |
- |
|
Staff Costs |
18.4 |
12.2 |
8.8 |
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Wages and Salaries |
18.4 |
9.7 |
7.1 |
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Social Security Costs |
- |
2.5 |
1.8 |
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Depreciation |
3.8 |
2.9 |
1.8 |
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Other Operating Charges |
26.7 |
22.6 |
13.8 |
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External Services |
26.6 |
22.6 |
13.8 |
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Taxes |
0.0 |
0.0 |
0.0 |
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Other Operating
Expenses |
0.1 |
0.0 |
- |
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Operating Benefits |
11.0 |
10.2 |
3.1 |
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Financials and Similar Charges |
4.2 |
1.3 |
1.3 |
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Due to Liabilities
With Group Companies |
3.0 |
- |
- |
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Due to Other
Liabilities |
1.2 |
1.3 |
1.3 |
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Changes in Financial Investment Provisions |
1.2 |
0.3 |
- |
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Exchange Losses |
0.8 |
0.9 |
0.6 |
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Profit From Ordinary Activities |
5.0 |
7.8 |
1.8 |
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Losses From Assets and Securities Portfolio |
0.4 |
0.0 |
- |
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Extraordinary Expenses |
- |
- |
0.1 |
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Profit Before Taxes |
4.6 |
7.8 |
1.8 |
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Corporation Tax |
0.8 |
1.8 |
0.6 |
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Financial Year Result (Profit) |
3.8 |
6.0 |
1.3 |
|
Income |
232.6 |
177.6 |
118.5 |
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Net Total Sales |
232.2 |
172.1 |
115.5 |
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Sales |
232.2 |
172.1 |
115.5 |
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Increase in Stocks |
- |
4.5 |
2.1 |
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Miscellaneous Operating Income |
0.1 |
0.8 |
0.1 |
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Auxiliary Income From
Current Management |
0.1 |
0.8 |
- |
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Grants |
- |
- |
0.1 |
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Income From Other Securities and Receivables |
- |
- |
0.1 |
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From Associated
Companies |
- |
- |
0.1 |
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Income From Miscellaneous Interests |
0.3 |
0.1 |
0.0 |
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Miscellaneous
Interests |
0.3 |
0.1 |
0.0 |
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Gains from Exchange Rate |
- |
- |
0.6 |
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Negative Financial Results |
6.0 |
2.4 |
1.3 |
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Extraordinary Income |
- |
- |
0.1 |
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Negative Extraordinary Results |
0.4 |
0.0 |
0.0 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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|
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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|
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Software |
3.7 |
0.9 |
2.6 |
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Assets Under Capital
Lease |
- |
- |
2.0 |
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Accumulated
Depreciation |
- |
- |
-1.6 |
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Total Intangible Fixed Assets |
3.7 |
0.9 |
3.0 |
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Land and Construction |
3.9 |
3.8 |
4.3 |
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Technical
Installations and Machinery |
5.0 |
3.7 |
3.8 |
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Other Installations,
Tools, and Furniture |
0.3 |
0.2 |
0.2 |
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Tangible Fixed Assets
Under Construction |
- |
- |
0.4 |
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Other Tangible Assets |
6.8 |
5.0 |
5.2 |
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Accumulated
Depreciation |
- |
- |
-4.2 |
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Total Tangible Fixed Assets |
16.0 |
12.6 |
9.8 |
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Investments in Group
Companies |
0.0 |
0.6 |
- |
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Long-Term Securities
Portfolio |
0.2 |
0.3 |
0.0 |
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Long-Term Guarantees
and Deposits |
0.6 |
0.6 |
0.6 |
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Financial Investments |
0.8 |
1.4 |
0.7 |
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Total Fixed Assets |
20.4 |
15.0 |
13.4 |
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Deferred Expenses |
- |
- |
0.1 |
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Goods for Resale |
25.2 |
- |
- |
|
Raw Materials and
Other Consumables |
- |
4.9 |
3.6 |
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Goods in Process |
- |
- |
1.1 |
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Finished Products |
- |
8.0 |
4.4 |
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Total Stocks |
25.2 |
12.9 |
9.1 |
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Trade Debtors |
1.2 |
1.3 |
- |
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Receivables, Group
Companies |
28.4 |
9.8 |
17.9 |
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Other Debtors |
0.2 |
0.1 |
0.4 |
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Public Bodies |
0.1 |
0.1 |
0.2 |
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Total Debtors |
29.9 |
11.3 |
18.5 |
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Short-Term Securities
Portfolio |
- |
0.0 |
2.6 |
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Short-Term Guarantees
and Deposits |
1.6 |
0.9 |
- |
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Total Short-Term Investments |
1.6 |
0.9 |
2.6 |
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Cash |
2.3 |
3.1 |
1.1 |
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Prepayments and Accrued Income |
- |
0.0 |
0.1 |
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Total Current Assets |
59.1 |
28.3 |
31.4 |
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Total Assets |
79.5 |
43.3 |
44.8 |
|
Legal Reserve |
0.3 |
0.2 |
0.1 |
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Miscellaneous Reserves |
7.4 |
1.4 |
0.3 |
|
Total Reserves |
7.7 |
1.7 |
0.4 |
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Profit or Loss for the Financial Year |
3.9 |
5.7 |
1.4 |
|
Total Equity |
13.0 |
8.6 |
3.1 |
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Loans and Other
Liabilities |
2.4 |
1.2 |
4.6 |
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Total Amounts Owed to Credit Institutions |
2.4 |
1.2 |
4.6 |
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Total Long Term Liabilities |
2.4 |
1.2 |
4.6 |
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Loans and Other
Liabilities |
1.0 |
3.5 |
15.7 |
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Total Amounts Owed to Credit Institutions |
1.0 |
3.5 |
15.7 |
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Amounts Owed to Group
Companies |
13.9 |
- |
0.2 |
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Total Short-Term Amounts Owed to Group and
Associa |
13.9 |
- |
0.2 |
|
Amounts Owed for
Purchases of Goods or Services |
46.9 |
27.6 |
19.1 |
|
Total Trade Creditors |
46.9 |
27.6 |
19.1 |
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Public Bodies |
1.5 |
2.5 |
2.1 |
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Miscellaneous Debts |
0.8 |
-0.1 |
- |
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Wages and Salaries
Payable |
0.0 |
0.0 |
0.1 |
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Total Other Creditors |
2.3 |
2.4 |
2.1 |
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Total Short Term Creditors |
64.1 |
33.5 |
37.2 |
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Total Liabilities and Equity |
79.5 |
43.3 |
44.8 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.23 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.70.46 |
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 |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.