MIRA
INFORM REPORT
|
Report Date : |
03.02.2012 |
IDENTIFICATION DETAILS
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Name : |
PEPE JEANS SL |
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Registered Office : |
Crta. Laurea Miro, 403-405 Sant Feliu De Llobregat, 08980 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1998 |
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Com. Reg. No.: |
B61663555 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale of clothing and footwear |
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No. of Employees : |
845 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Pepe Jeans 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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Corporate Overview
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Executives Report
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Annual Profit
& Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Charges |
180.5 |
192.9 |
182.0 |
|
Supplies |
84.2 |
82.6 |
80.8 |
|
Goods Consumption |
84.2 |
82.6 |
80.8 |
|
Staff Costs |
25.2 |
25.8 |
23.1 |
|
Wages and Salaries |
19.7 |
19.9 |
17.6 |
|
Social Security Costs |
5.5 |
5.9 |
5.5 |
|
Depreciation |
3.6 |
3.8 |
5.3 |
|
Allowance for Trade Operations |
-0.4 |
1.5 |
1.6 |
|
Stock Provision
Variation |
0.0 |
0.2 |
0.4 |
|
Losses from
Unrecovered Receivables |
-0.2 |
0.6 |
0.5 |
|
Variation of Other
Trade Provisions |
-0.2 |
0.7 |
0.7 |
|
Other Operating Charges |
52.6 |
59.8 |
57.5 |
|
External Services |
52.5 |
59.6 |
57.3 |
|
Taxes |
0.1 |
0.2 |
0.2 |
|
Operating Benefits |
15.5 |
18.0 |
17.8 |
|
Financials and Similar Charges |
4.3 |
6.8 |
5.9 |
|
Due to Liabilities
With Group Companies |
1.9 |
3.0 |
1.9 |
|
Due to Other
Liabilities |
2.4 |
3.8 |
4.0 |
|
Changes in Financial Investment Provisions |
6.5 |
4.1 |
- |
|
Exchange Losses |
- |
- |
1.8 |
|
Profit From Ordinary Activities |
5.9 |
9.4 |
14.0 |
|
Changes in Provisions for Assets |
4.1 |
8.3 |
3.3 |
|
Losses From Assets and Securities Portfolio |
0.1 |
- |
0.2 |
|
Extraordinary Expenses |
- |
- |
0.1 |
|
Profit Before Taxes |
1.8 |
1.2 |
10.4 |
|
Corporation Tax |
0.2 |
0.2 |
2.5 |
|
Financial Year Result (Profit) |
1.5 |
1.0 |
8.0 |
|
Income |
182.1 |
193.9 |
189.9 |
|
Net Total Sales |
164.1 |
171.3 |
167.6 |
|
Sales |
160.6 |
167.4 |
167.6 |
|
Rendering of Services |
3.4 |
3.9 |
- |
|
Miscellaneous Operating Income |
16.7 |
20.2 |
18.4 |
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Auxiliary Income From
Current Management |
16.7 |
20.2 |
18.3 |
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Grants |
- |
- |
0.1 |
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Income From Equity Investment |
- |
1.1 |
- |
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In Group Companies |
- |
0.8 |
- |
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Third Parties |
- |
0.4 |
- |
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Income From Miscellaneous Interests |
0.6 |
- |
0.9 |
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From Group Companies |
0.6 |
- |
0.5 |
|
Miscellaneous
Interests |
0.0 |
- |
0.4 |
|
Gains from Exchange Rate |
0.6 |
1.1 |
3.0 |
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Negative Financial Results |
9.6 |
8.7 |
3.8 |
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Profit on Disposal of Assets |
- |
0.1 |
- |
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Capital Grants Transferred to Profit and Loss |
0.1 |
0.1 |
0.1 |
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Negative Extraordinary Results |
4.1 |
8.2 |
3.5 |
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Annual Balance
Sheet |
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Financials in:
EUR (mil) |
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
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|
|
|
|
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Research and
Development Costs |
0.1 |
- |
- |
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Concessions, Patents,
Trademarks |
0.6 |
0.6 |
7.3 |
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Goodwill |
- |
- |
9.1 |
|
Fees Paid for Premises |
- |
0.2 |
1.1 |
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Accumulated
Depreciation |
- |
- |
-16.5 |
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Total Intangible Fixed Assets |
0.7 |
0.9 |
1.0 |
|
Technical
Installations and Machinery |
0.2 |
0.3 |
0.6 |
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Other Installations,
Tools, and Furniture |
9.1 |
11.4 |
26.3 |
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Tangible Fixed Assets
Under Construction |
1.2 |
- |
- |
|
Other Tangible Assets |
0.8 |
1.0 |
2.2 |
|
Provisions |
- |
- |
-0.1 |
|
Accumulated
Depreciation |
- |
- |
-16.2 |
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Total Tangible Fixed Assets |
11.3 |
12.6 |
12.9 |
|
Investments in Group
Companies |
117.7 |
110.3 |
108.0 |
|
Receivables from Group
Companies |
9.9 |
4.5 |
2.7 |
|
Investments in
Associated Companies |
0.0 |
0.0 |
0.0 |
|
Long-Term Guarantees
and Deposits |
1.2 |
1.4 |
1.4 |
|
Provisions |
- |
- |
-13.6 |
|
Financial Investments |
128.8 |
116.3 |
98.4 |
|
Total Fixed Assets |
140.8 |
129.8 |
112.3 |
|
Goods for Resale |
20.2 |
29.0 |
28.0 |
|
Provisions |
- |
- |
-2.8 |
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Total Stocks |
20.2 |
29.0 |
25.2 |
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Trade Debtors |
38.9 |
38.1 |
46.7 |
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Receivables, Group
Companies |
13.6 |
7.4 |
7.0 |
|
Other Debtors |
4.0 |
6.0 |
0.4 |
|
Staff |
0.0 |
0.0 |
0.0 |
|
Public Bodies |
5.2 |
4.5 |
1.5 |
|
Provisions |
- |
- |
-1.4 |
|
Total Debtors |
61.8 |
56.0 |
54.2 |
|
Receivables from Group
Companies |
8.5 |
8.7 |
6.6 |
|
Short-Term Guarantees
and Deposits |
- |
- |
0.1 |
|
Total Short-Term Investments |
8.5 |
8.7 |
6.6 |
|
Cash |
1.4 |
0.7 |
2.8 |
|
Prepayments and Accrued Income |
- |
- |
3.8 |
|
Total Current Assets |
91.8 |
94.5 |
92.7 |
|
Total Assets |
232.6 |
224.3 |
205.0 |
|
Legal Reserve |
0.2 |
0.2 |
0.2 |
|
Miscellaneous Reserves |
2.7 |
1.2 |
15.7 |
|
Capital Adjustment to
Euros |
0.0 |
0.0 |
0.0 |
|
Total Reserves |
2.9 |
1.4 |
15.9 |
|
Profit or Loss for the Financial Year |
1.7 |
1.4 |
8.0 |
|
Total Equity |
5.1 |
2.7 |
46.3 |
|
Capital Grants |
0.2 |
0.2 |
0.3 |
|
Total Deferred Income |
0.2 |
0.2 |
0.3 |
|
Loans and Other
Liabilities |
17.5 |
36.0 |
38.5 |
|
Total Amounts Owed to Credit Institutions |
17.5 |
36.0 |
38.5 |
|
Amounts Owed to Group
Companies |
81.6 |
42.6 |
40.7 |
|
Total Debts with Group or Affiliated Companies |
81.6 |
42.6 |
40.7 |
|
Long-Term Guarantees
and Deposits Received |
54.1 |
50.2 |
0.1 |
|
Long-Term Payables to
Public Bodies |
0.6 |
0.4 |
- |
|
Total Other Creditors |
54.7 |
50.6 |
0.1 |
|
Total Long Term Liabilities |
153.8 |
129.2 |
79.2 |
|
Loans and Other
Liabilities |
18.3 |
44.1 |
37.2 |
|
Accrued Interest on
Liabilities with Credit Instit |
- |
- |
0.2 |
|
Total Amounts Owed to Credit Institutions |
18.3 |
44.1 |
37.3 |
|
Amounts Owed to Group
Companies |
26.6 |
22.7 |
10.1 |
|
Total Short-Term Amounts Owed to Group and
Associa |
26.6 |
22.7 |
10.1 |
|
Advanced Payments from
Customers |
0.0 |
- |
0.0 |
|
Amounts Owed for
Purchases of Goods or Services |
21.6 |
17.8 |
21.9 |
|
Debts Represented by
Notes Payable |
- |
- |
2.6 |
|
Total Trade Creditors |
21.6 |
17.8 |
24.5 |
|
Public Bodies |
1.1 |
0.8 |
2.1 |
|
Wages and Salaries
Payable |
2.5 |
2.2 |
2.0 |
|
Total Other Creditors |
3.6 |
3.0 |
4.1 |
|
Provisions |
3.4 |
4.1 |
3.1 |
|
Total Short Term Creditors |
73.4 |
91.6 |
79.2 |
|
Total Liabilities and Equity |
232.6 |
223.8 |
205.0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.13 |
|
|
1 |
Rs.77.85 |
|
Euro |
1 |
Rs.64.75 |
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 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.