MIRA
INFORM REPORT
|
Report Date : |
03.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
PULL & BEAR ESPANA SA |
|
|
|
|
Registered Office : |
Avda Diputacion S/N. Edificio |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1986 |
|
|
|
|
Reg. No.: |
A15108673 |
|
|
|
|
Legal Form : |
Public Subsidiary |
|
|
|
|
Line of Business : |
Retail sale of clothing in specialised stores |
|
|
|
|
No. of Employees : |
3,297 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
spain - ECONOMIC OVERVIEW
spain's mixed capitalist economy is the 13th largest
in the world, and its per capita income roughly matches that of Germany and France.
However, after almost 15 years of above average GDP growth, the Spanish economy
began to slow in late 2007 and entered into a recession in the second quarter
of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and by
another 0.1% in 2010, before turning positive in 2011, making Spain the last
major economy to emerge from the global recession. The reversal in Spain''s
economic growth reflected a significant decline in construction amid an
oversupply of housing and falling consumer spending, while exports actually
have begun to grow. Government efforts to boost the economy through stimulus
spending, extended unemployment benefits, and loan guarantees did not prevent a
sharp rise in the unemployment rate, which rose from a low of about 8% in 2007
to over 20% in 2011. The government budget deficit worsened from 3.8% of GDP in
2008 to 9.2% of GDP in 2010, more than three times the euro-zone limit. Madrid
cut the deficit to 8.5% of GDP in 2011, a larger deficit than the 6% target
negotiated between Spain and the EU. Spain''s large budget deficit and poor
economic growth prospects have made it vulnerable to financial contagion from
other highly-indebted euro zone members despite the government''s efforts to
cut spending, privatize industries, and boost competitiveness through labor
market reforms. Spanish banks'' high exposure to the collapsed domestic
construction and real estate market also poses a continued risk for the sector.
The government oversaw a restructuring of the savings bank sector in 2010, and
provided some $15 billion in capital to various institutions. Investors remain
concerned that Madrid may need to bail out more troubled banks. The Bank of
Spain, however, is seeking to boost confidence in the financial sector by
pressuring banks to come clean about their losses and consolidate into stronger
groups.
|
Source : CIA |
Company Name
PULL & BEAR ESPANA SA
Avda Diputacion S/N. Edificio Inditex
Arteixo, 15142
Spain
Tel: +(34) 981334900
Fax: +(34) 981334926
Website: www.pullandbear.com
Employees: 3,297
Company Type: Public
Subsidiary
Corporate Family: 190 Companies
Ultimate Parent: Inditex SA
Incorporation Date: 1986
Auditor: Kpmg Auditores Sl
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: 866.4
1
Net Income: 58.5
Total Assets: 541.3
Business Description
Retail sale of clothing in specialised stores
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
|
|
NAICS 2002: |
|
|
UK SIC 2003: |
|
|
UK SIC 2007: |
|
|
US SIC 1987: |
Key Executive
|
Name |
Title |
|
Belbado Rivas Jose Pablo |
Managing Director |
|
Aranda Adolfo |
Financial Director |
|
Antonio Abril Abadin |
Secretary, Member Of The Board |
|
Adolfo Aranda Vasserot |
Member Of The Board |
|
Ramon Reñon Tuñez |
Member Of The Board |
Registered No.(ESP): A15108673
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
Location
Avda Diputacion S/N. Edificio Inditex
Arteixo, 15142
Spain
Tel: +(34)
981334900
Fax: +(34)
981334926
Website: www.pullandbear.com
Sales EUR(mil): 623.1
Assets EUR(mil): 417.0
Employees: 3,297
Fiscal Year End: 31-Dec-2011
Industry: Retail
(Apparel)
Incorporation Date: 1986
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(ESP): A15108673
Managing Director: Belbado
Rivas Jose Pablo
Industry Code
|
ANZSIC 2006 Codes: |
||
|
4251 |
- |
Clothing Retailing |
|
NACE 2002 Codes: |
||
|
5242 |
- |
Retail sale of clothing |
|
NAICS 2002 Codes: |
||
|
4481 |
- |
Clothing Stores |
|
US SIC 1987: |
||
|
5651 |
- |
Family Clothing Stores |
|
UK SIC 2003: |
||
|
5242 |
- |
Retail sale of clothing |
|
UK SIC 2007: |
||
|
4771 |
- |
Retail sale of clothing in specialised stores |
Business
Description
Retail sale of clothing in specialised stores
Financial Data
|
Financials in: |
EUR(mil) |
1 Year Growth |
|
Revenue: |
623.1 |
5.3% |
|
Net Income: |
42.1 |
NA |
|
Assets: |
417.0 |
NA |
|
Current Assets: |
142.0 |
|
|
Fixed Assets: |
275.0 |
|
|
Long Term Debt: |
4.5 |
|
|
Total Liabilities: |
417.0 |
|
|
Issued Capital: |
7.3 |
|
|
Net Worth: |
164.7 |
|
|
Date of Financial Data: |
31-Dec-2011 |
|
Branch
Offices
Location
Vilar, 49
Cerceda, 15185
Tel: +(34) 981686005
Key Corporate Relationships
Auditor: Kpmg Auditores Sl
Bank: Banco Bilbao Vizcaya Argentaria, S.A.
Auditor: Kpmg
Auditores Sl
Corporate
Structure News
Pull
& Bear España Sa
Total Corporate Family Members: 190
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Arteixo |
Spain |
Retail (Apparel) |
19,117.4 |
111,033 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
2,075.0 |
10,206 |
|
|
Subsidiary |
La Coruna |
Spain |
Miscellaneous Transportation |
|
6,000 |
|
|
Subsidiary |
MĂ©xico, D.F. |
Mexico |
Retail (Apparel) |
1,223.3 |
5,000 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Retail (Apparel) |
1,261.9 |
4,461 |
|
|
Subsidiary |
Paris |
France |
Retail (Apparel) |
109.4 |
749 |
|
|
Subsidiary |
Lisboa |
Portugal |
Retail (Apparel) |
116.9 |
692 |
|
|
Subsidiary |
Milan |
Italy |
Retail (Apparel) |
131.6 |
647 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Miscellaneous Transportation |
31.4 |
434 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Retail (Apparel) |
25.7 |
133 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
904.3 |
3,785 |
|
|
Subsidiary |
Lisboa, Lisboa |
Portugal |
Retail (Apparel) |
80.4 |
488 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Retail (Apparel) |
78.8 |
350 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Retail (Apparel) |
861.9 |
3,410 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Retail (Apparel) |
866.4 |
3,297 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Retail (Apparel) |
84.5 |
373 |
|
|
Subsidiary |
London |
United Kingdom |
Retail (Apparel) |
19.1 |
97 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Retail (Apparel) |
969.5 |
2,688 |
|
|
Subsidiary |
Paris |
France |
Retail (Apparel) |
70.2 |
374 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Miscellaneous Transportation |
18.2 |
213 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Retail (Apparel) |
30.8 |
103 |
|
|
Subsidiary |
London |
United Kingdom |
Retail (Apparel) |
590.4 |
2,571 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Apparel) |
590.4 |
1,116 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Apparel) |
590.4 |
125 |
|
|
UK Branch/Trading address |
Manchester |
United Kingdom |
Retail (Apparel) |
590.4 |
60 |
|
|
UK Branch/Trading address |
Glasgow |
United Kingdom |
Retail (Apparel) |
590.4 |
55 |
|
|
UK Branch/Trading address |
Belfast |
United Kingdom |
Retail (Apparel) |
590.4 |
40 |
|
|
UK Branch/Trading address |
Sheffield |
United Kingdom |
Retail (Apparel) |
590.4 |
40 |
|
|
UK Branch/Trading address |
Reading |
United Kingdom |
Retail (Apparel) |
590.4 |
35 |
|
|
UK Branch/Trading address |
Bromley |
United Kingdom |
Retail (Apparel) |
590.4 |
3 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Apparel) |
590.4 |
|
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Retail (Apparel) |
304.2 |
1,395 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Retail (Apparel) |
47.4 |
315 |
|
|
Subsidiary |
Lisbon |
Portugal |
Retail (Apparel) |
28.5 |
270 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Retail (Apparel) |
198.5 |
1,138 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Retail (Apparel) |
217.4 |
1,009 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Recreational Products |
296.9 |
996 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Retail (Specialty) |
44.9 |
215 |
|
|
Zara Home
(Portugal) - Artigos E Utilidades Para O Lar, Unipessoal, LDA |
Subsidiary |
Lisboa, Lisboa |
Portugal |
Retail (Specialty) |
25.3 |
196 |
|
Subsidiary |
Amsterdam, North Holland |
Netherlands |
Apparel and Accessories |
1.5 |
|
|
|
Subsidiary |
Lisboa |
Portugal |
Retail (Apparel) |
113.7 |
751 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Retail (Apparel) |
59.8 |
714 |
|
|
Subsidiary |
Fribourg |
Switzerland |
Footwear |
|
600 |
|
|
Subsidiary |
Zaragoza |
Spain |
Business Services |
|
500 |
|
|
Subsidiary |
Tordera |
Spain |
Retail (Apparel) |
|
500 |
|
|
Subsidiary |
Dublin, Leinster |
Ireland |
Retail (Apparel) |
60.6 |
303 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Miscellaneous Transportation |
21.7 |
259 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Miscellaneous Transportation |
13.6 |
253 |
|
|
Subsidiary |
Lisboa, Lisboa |
Portugal |
Retail (Apparel) |
35.5 |
241 |
|
|
Subsidiary |
London |
United Kingdom |
Retail (Apparel) |
45.7 |
157 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
193.0 |
132 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Retail (Apparel) |
31.3 |
132 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
6.8 |
124 |
|
|
Subsidiary |
Zaragoza |
Spain |
Construction Services |
361.5 |
100 |
|
|
Subsidiary |
Tortuguitas, Buenos Aires |
Argentina |
Business Services |
78.5 |
100 |
|
|
Subsidiary |
Stockholm, Uppland |
Sweden |
Retail (Apparel) |
|
100 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Business Services |
81.4 |
97 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Business Services |
80.3 |
95 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
83.7 |
93 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
132.1 |
79 |
|
|
Subsidiary |
London |
United Kingdom |
Retail (Specialty) |
14.1 |
79 |
|
|
Subsidiary |
Prague |
Czech Republic |
Retail (Apparel) |
|
60 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
55.9 |
56 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
3.3 |
50 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
59.6 |
49 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
76.9 |
46 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Retail (Apparel) |
140.3 |
45 |
|
|
Subsidiary |
New York, NY |
United States |
Business Services |
|
35 |
|
|
Branch |
Los Angeles, CA |
United States |
Retail (Apparel) |
11.2 |
60 |
|
|
Branch |
Miami, FL |
United States |
Retail (Apparel) |
9.3 |
59 |
|
|
Branch |
New York, NY |
United States |
Retail (Apparel) |
9.5 |
51 |
|
|
Branch |
Dallas, TX |
United States |
Retail (Apparel) |
9.3 |
50 |
|
|
Branch |
Pasadena, CA |
United States |
Retail (Apparel) |
7.9 |
50 |
|
|
Branch |
Tampa, FL |
United States |
Retail (Apparel) |
7.9 |
50 |
|
|
Branch |
Santa Monica, CA |
United States |
Retail (Apparel) |
7.4 |
40 |
|
|
Branch |
Washington, DC |
United States |
Retail (Apparel) |
6.3 |
40 |
|
|
Branch |
New York, NY |
United States |
Apparel and Accessories |
27.3 |
35 |
|
|
Branch |
Las Vegas, NV |
United States |
Retail (Apparel) |
5.6 |
30 |
|
|
Branch |
Costa Mesa, CA |
United States |
Retail (Apparel) |
4.7 |
30 |
|
|
Branch |
Washington, DC |
United States |
Retail (Apparel) |
4.7 |
30 |
|
|
Branch |
Miami, FL |
United States |
Retail (Apparel) |
4.4 |
28 |
|
|
Branch |
Edison, NJ |
United States |
Retail (Apparel) |
4.7 |
25 |
|
|
Branch |
Canoga Park, CA |
United States |
Retail (Apparel) |
4.0 |
25 |
|
|
Branch |
Palm Beach Gdns, FL |
United States |
Retail (Apparel) |
3.6 |
23 |
|
|
Branch |
Orlando, FL |
United States |
Retail (Apparel) |
3.5 |
22 |
|
|
Branch |
Atlanta, GA |
United States |
Retail (Apparel) |
3.3 |
21 |
|
|
Branch |
Houston, TX |
United States |
Retail (Apparel) |
3.7 |
20 |
|
|
Branch |
Philadelphia, PA |
United States |
Retail (Department and Discount) |
3.2 |
20 |
|
|
Branch |
New York, NY |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
Wayne, NJ |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
Greenwich, CT |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
Stamford, CT |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
Los Angeles, CA |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
San Antonio, TX |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
Peabody, MA |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
Atlanta, GA |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
Skokie, IL |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
San Francisco, CA |
United States |
Retail (Apparel) |
2.8 |
15 |
|
|
Branch |
Miami Beach, FL |
United States |
Retail (Apparel) |
2.4 |
15 |
|
|
Branch |
Garden City, NY |
United States |
Retail (Apparel) |
2.0 |
11 |
|
|
Branch |
Natick, MA |
United States |
Retail (Apparel) |
1.4 |
9 |
|
|
Branch |
Sherman Oaks, CA |
United States |
Retail (Apparel) |
1.4 |
9 |
|
|
Branch |
Boston, MA |
United States |
Retail (Apparel) |
1.4 |
9 |
|
|
Branch |
Bethesda, MD |
United States |
Retail (Apparel) |
1.4 |
9 |
|
|
Branch |
Los Angeles, CA |
United States |
Retail (Apparel) |
1.4 |
9 |
|
|
Branch |
New York, NY |
United States |
Retail (Apparel) |
1.4 |
9 |
|
|
Branch |
Chicago, IL |
United States |
Retail (Apparel) |
1.4 |
9 |
|
|
Branch |
Orlando, FL |
United States |
Retail (Apparel) |
1.4 |
9 |
|
|
Branch |
San Francisco, CA |
United States |
Apparel and Accessories |
3.6 |
4 |
|
|
Branch |
New York, NY |
United States |
Apparel and Accessories |
1.4 |
3 |
|
|
Subsidiary |
Luxembourg |
Luxembourg |
Retail (Apparel) |
|
35 |
|
|
Subsidiary |
Amsterdam, North Holland |
Netherlands |
Business Services |
|
30 |
|
|
Subsidiary |
Amsterdam, North Holland |
Netherlands |
Business Services |
|
25 |
|
|
Subsidiary |
Montreal, QC |
Canada |
Retail (Apparel) |
|
25 |
|
|
Branch |
North York, ON |
Canada |
Retail (Apparel) |
20.6 |
80 |
|
|
Branch |
Montreal, QC |
Canada |
Retail (Apparel) |
19.7 |
80 |
|
|
Branch |
Calgary, AB |
Canada |
Retail (Apparel) |
14.8 |
60 |
|
|
Branch |
Burnaby, BC |
Canada |
Retail (Apparel) |
14.7 |
60 |
|
|
Branch |
Mont-Royal, QC |
Canada |
Retail (Apparel) |
9.9 |
40 |
|
|
Branch |
Edmonton, AB |
Canada |
Retail (Apparel) |
9.2 |
37 |
|
|
Branch |
Laval, QC |
Canada |
Retail (Apparel) |
8.7 |
35 |
|
|
Branch |
Toronto, ON |
Canada |
Retail (Apparel) |
6.2 |
30 |
|
|
Branch |
Toronto, ON |
Canada |
Retail (Apparel) |
6.2 |
30 |
|
|
Branch |
Toronto, ON |
Canada |
Retail (Apparel) |
5.3 |
30 |
|
|
Branch |
Brossard, QC |
Canada |
Retail (Apparel) |
6.2 |
25 |
|
|
Branch |
Quebec, QC |
Canada |
Retail (Apparel) |
4.9 |
20 |
|
|
Branch |
Vancouver, BC |
Canada |
Retail (Apparel) |
3.7 |
18 |
|
|
Branch |
Vancouver, BC |
Canada |
Retail (Apparel) |
2.9 |
12 |
|
|
Branch |
Rosemere, QC |
Canada |
Retail (Apparel) |
1.5 |
6 |
|
|
Branch |
Toronto, ON |
Canada |
Retail (Apparel) |
0.4 |
2 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Textiles - Non Apparel |
|
25 |
|
|
Subsidiary |
Warsaw |
Poland |
Retail (Apparel) |
|
25 |
|
|
Subsidiary |
Santiago |
Chile |
Business Services |
|
25 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Retail (Specialty) |
|
25 |
|
|
Subsidiary |
Dublin |
Ireland |
Textiles - Non Apparel |
|
23 |
|
|
Subsidiary |
Kiev |
Ukraine |
Retail (Apparel) |
|
20 |
|
|
Subsidiary |
Cork, Munster |
Ireland |
Retail (Apparel) |
|
20 |
|
|
Subsidiary |
Warsaw |
Poland |
Retail (Apparel) |
|
20 |
|
|
Subsidiary |
Fribourg |
Switzerland |
Retail (Apparel) |
|
15 |
|
|
Subsidiary |
Seiersberg, Styria |
Austria |
Retail (Apparel) |
|
15 |
|
|
Subsidiary |
Krakow |
Poland |
Retail (Apparel) |
|
14 |
|
|
Subsidiary |
Barcelona |
Spain |
Retail (Apparel) |
|
11 |
|
|
Subsidiary |
Geneva |
Switzerland |
Footwear |
|
11 |
|
|
Subsidiary |
Amsterdam, North Holland |
Netherlands |
Investment Services |
|
10 |
|
|
Subsidiary |
Paris |
France |
Retail (Apparel) |
1,027.0 |
4,505 |
|
|
Subsidiary |
Lisboa |
Portugal |
Retail (Apparel) |
352.6 |
2,429 |
|
|
Subsidiary |
Athens |
Greece |
Retail (Apparel) |
258.2 |
1,400 |
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Investment Services |
|
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Retail (Apparel) |
|
811 |
|
|
Branch |
Tlanepantla, Puebla |
Mexico |
Retail (Apparel) |
|
45 |
|
|
Branch |
Mexico City, Distrito Federal |
Mexico |
Retail (Apparel) |
|
40 |
|
|
Branch |
Mexico City, Distrito Federal |
Mexico |
Retail (Apparel) |
|
33 |
|
|
Branch |
Puebla, Puebla |
Mexico |
Apparel and Accessories |
|
|
|
|
Branch |
Mexico City, Distrito Federal |
Mexico |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Almere, Flevoland |
Netherlands |
Retail (Apparel) |
|
8 |
|
|
Subsidiary |
Arteixo, La Coruña |
Spain |
Apparel and Accessories |
27.2 |
7 |
|
|
Subsidiary |
Brugge, West Flanders |
Belgium |
Business Services |
|
5 |
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Apparel and Accessories |
149.6 |
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Vienna |
Austria |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Stockholm, Uppland |
Sweden |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Athens |
Greece |
Footwear |
|
|
|
|
Subsidiary |
Warsaw |
Poland |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Arcueil, Val-de-Marne |
France |
Personal and Household Products |
|
|
|
|
Subsidiary |
Athens |
Greece |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Oslo |
Norway |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Cuauhtemoc, Colima |
Mexico |
Footwear |
|
|
|
|
Subsidiary |
Prague |
Czech Republic |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Prague |
Czech Republic |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Retail (Apparel) |
|
|
|
|
Subsidiary |
La Coruna |
Spain |
Real Estate Operations |
|
|
|
|
Subsidiary |
Mexico |
Mexico |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Sellent, Barcelona |
Spain |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Englos, Nord |
France |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Tordera, Barcelona |
Spain |
Retail (Apparel) |
|
|
|
|
Subsidiary |
La Coruna |
Spain |
Apparel and Accessories |
|
|
|
|
Subsidiary |
La Coruna |
Spain |
Textiles - Non Apparel |
|
|
|
|
Subsidiary |
La Coruna |
Spain |
Apparel and Accessories |
|
|
|
|
Subsidiary |
La Coruna |
Spain |
Retail (Apparel) |
|
|
|
|
Subsidiary |
La Coruna |
Spain |
Business Services |
|
|
|
|
Subsidiary |
La Coruna |
Spain |
Business Services |
|
|
|
|
Subsidiary |
Paris |
France |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Amsterdam, North Holland |
Netherlands |
Retail (Apparel) |
|
|
|
|
Subsidiary |
Milan |
Italy |
Recreational Products |
|
|
|
|
Subsidiary |
La Coruna |
Spain |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Tordera, Barcelona |
Spain |
Retail (Apparel) |
|
|
|
|
Subsidiary |
La Coruna |
Spain |
Electric Utilities |
|
|
|
|
Subsidiary |
Monaco |
Monaco |
Retail (Apparel) |
|
|
Board of Directors
|
|
|
|
||||
|
Secretary, Member Of The Board |
Director/Board Member |
AX |
||||
|
Member Of The Board |
Director/Board Member |
AX |
||||
|
Member Of The Board |
Director/Board Member |
AX |
Executives
|
|
|
|||
|
Managing Director |
Managing Director |
|||
|
Secretary, Member Of The Board |
Administration Executive |
|||
|
Financial Director |
Finance Executive |
Annual Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Charges |
823.5 |
737.5 |
712.5 |
|
Supplies |
507.7 |
479.5 |
440.3 |
|
Goods
Consumption |
458.1 |
437.2 |
402.5 |
|
Consumption
of Raw Materials |
32.9 |
25.2 |
23.1 |
|
Miscellaneous
External Expenditures |
16.7 |
17.1 |
14.7 |
|
Staff Costs |
91.8 |
83.4 |
88.2 |
|
Wages
and Salaries |
71.3 |
64.4 |
68.5 |
|
Social
Security Costs |
20.5 |
19.0 |
19.7 |
|
Depreciation |
26.3 |
24.0 |
23.7 |
|
Allowance for
Trade Operations |
-0.1 |
- |
- |
|
Variation
of Other Trade Provisions |
-0.1 |
- |
- |
|
Other Operating
Charges |
166.9 |
127.2 |
122.3 |
|
External
Services |
160.1 |
120.3 |
114.3 |
|
Taxes |
1.8 |
1.5 |
1.5 |
|
Other
Operating Expenses |
4.9 |
5.4 |
6.5 |
|
Operating
Benefits |
87.3 |
89.5 |
139.1 |
|
Financials and
Similar Charges |
0.4 |
0.3 |
0.1 |
|
Due
to Liabilities With Group Companies |
0.4 |
- |
- |
|
Due
to Other Liabilities |
0.0 |
0.3 |
0.1 |
|
Exchange Losses |
- |
- |
2.3 |
|
Net Financial
Income |
1.6 |
3.8 |
7.5 |
|
Profit From
Ordinary Activities |
88.9 |
93.3 |
146.6 |
|
Changes in
Provisions for Assets |
7.4 |
0.3 |
1.1 |
|
Losses From Assets
and Securities Portfolio |
1.5 |
2.2 |
1.2 |
|
Extraordinary
Expenses |
0.4 |
0.5 |
- |
|
Profit Before
Taxes |
79.6 |
90.4 |
145.8 |
|
Corporation Tax |
21.1 |
20.2 |
33.3 |
|
Financial Year
Result (Profit) |
58.5 |
70.3 |
112.4 |
|
Income |
882.0 |
807.8 |
825.0 |
|
Net Total Sales |
866.4 |
786.0 |
795.3 |
|
Sales |
859.5 |
777.5 |
795.3 |
|
Rendering
of Services |
6.9 |
8.5 |
- |
|
Miscellaneous Operating
Income |
13.5 |
17.6 |
18.4 |
|
Auxiliary
Income From Current Management |
13.3 |
17.4 |
18.2 |
|
Grants |
0.2 |
0.2 |
0.2 |
|
Charges
for Provisions |
- |
- |
0.0 |
|
Income From Equity
Investment |
- |
- |
9.9 |
|
In
Group Companies |
- |
- |
6.3 |
|
Third
Parties |
- |
- |
3.6 |
|
Income From
Miscellaneous Interests |
0.0 |
0.2 |
- |
|
From
Group Companies |
- |
0.2 |
- |
|
Miscellaneous
Interests |
0.0 |
0.0 |
- |
|
Gains from Exchange
Rate |
2.1 |
4.0 |
- |
|
Extraordinary
Income |
- |
- |
1.4 |
|
Negative
Extraordinary Results |
9.3 |
2.9 |
0.9 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Concessions,
Patents, Trademarks |
1.3 |
1.3 |
1.3 |
|
Fees
Paid for Premises |
23.7 |
25.0 |
19.1 |
|
Software |
0.0 |
0.0 |
0.0 |
|
Payments
on Account |
0.2 |
0.2 |
0.2 |
|
Total Intangible
Fixed Assets |
25.3 |
26.5 |
20.6 |
|
Land
and Construction |
52.9 |
53.2 |
54.5 |
|
Technical
Installations and Machinery |
67.5 |
75.9 |
88.8 |
|
Other
Installations, Tools, and Furniture |
2.7 |
3.1 |
3.6 |
|
Tangible
Fixed Assets Under Construction |
0.8 |
5.2 |
12.2 |
|
Other
Tangible Assets |
0.7 |
0.8 |
0.9 |
|
Total Tangible
Fixed Assets |
124.5 |
138.1 |
159.9 |
|
Investments
in Group Companies |
198.4 |
204.3 |
148.6 |
|
Receivables
from Group Companies |
1.8 |
7.7 |
6.7 |
|
Long-Term
Guarantees and Deposits |
5.9 |
5.8 |
5.8 |
|
Financial
Investments |
206.1 |
217.8 |
161.1 |
|
Long-Term Trade
Receivables |
1.0 |
0.2 |
0.2 |
|
Total Fixed Assets |
356.9 |
382.6 |
342.0 |
|
Goods
for Resale |
116.2 |
86.5 |
77.0 |
|
Raw
Materials and Other Consumables |
0.6 |
0.5 |
0.6 |
|
Total Stocks |
116.7 |
87.0 |
77.6 |
|
Trade
Debtors |
9.2 |
5.0 |
2.7 |
|
Receivables,
Group Companies |
19.9 |
17.0 |
23.0 |
|
Other
Debtors |
1.4 |
4.8 |
3.4 |
|
Staff |
0.0 |
0.0 |
0.0 |
|
Public
Bodies |
28.8 |
12.7 |
6.0 |
|
Total Debtors |
59.3 |
39.5 |
35.2 |
|
Receivables
from Group Companies |
4.2 |
3.6 |
35.2 |
|
Short-Term
Guarantees and Deposits |
- |
0.0 |
4.7 |
|
Total Short-Term
Investments |
4.2 |
3.6 |
39.9 |
|
Cash |
4.1 |
5.8 |
6.8 |
|
Total Current Assets |
184.3 |
135.9 |
159.5 |
|
Total Assets |
541.3 |
518.5 |
501.4 |
|
Revaluation
Reserves |
1.0 |
1.3 |
1.2 |
|
Legal
Reserve |
1.9 |
2.0 |
2.1 |
|
Miscellaneous
Reserves |
143.0 |
185.2 |
170.1 |
|
Total Reserves |
145.0 |
187.2 |
172.2 |
|
Partners
Contribution to Loss Compensation |
2.1 |
2.2 |
2.4 |
|
Profit or Loss
Brought Forward |
2.1 |
2.2 |
2.4 |
|
Profit or Loss for
the Financial Year |
54.6 |
71.2 |
116.0 |
|
Interim Dividend
Paid |
- |
-67.1 |
-93.3 |
|
Total Equity |
213.8 |
206.3 |
210.8 |
|
Other
Provisions |
1.4 |
0.3 |
0.0 |
|
Total Provisions for Liabilities and
Charges |
1.4 |
0.3 |
0.0 |
|
Other
Creditors |
0.0 |
0.0 |
- |
|
Long-Term
Payables to Public Bodies |
5.8 |
8.9 |
4.9 |
|
Total Other
Creditors |
5.8 |
8.9 |
4.9 |
|
Total Long Term Liabilities |
5.8 |
8.9 |
4.9 |
|
Loans
and Other Liabilities |
- |
- |
0.1 |
|
Total Amounts Owed
to Credit Institutions |
- |
- |
0.1 |
|
Amounts
Owed to Group Companies |
150.8 |
133.6 |
103.3 |
|
Total Short-Term
Amounts Owed to Group and Associa |
150.8 |
133.6 |
103.3 |
|
Amounts
Owed for Purchases of Goods or Services |
86.0 |
84.3 |
79.2 |
|
Total Trade
Creditors |
86.0 |
84.3 |
79.2 |
|
Public
Bodies |
9.7 |
7.9 |
16.7 |
|
Miscellaneous
Debts |
0.6 |
0.5 |
0.3 |
|
Wages
and Salaries Payable |
6.8 |
6.1 |
7.5 |
|
Total Other
Creditors |
17.2 |
14.5 |
24.6 |
|
Prepayments and
Accrued Income |
66.3 |
70.6 |
78.6 |
|
Total Short Term Creditors |
320.3 |
303.0 |
285.8 |
|
Total
Liabilities and Equity |
541.3 |
518.5 |
501.4 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.52 |
|
|
1 |
Rs.87.48 |
|
Euro |
1 |
Rs.70.89 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.