MIRA INFORM REPORT

 

 

Report Date :           

07.02.2012

 

IDENTIFICATION DETAILS

 

Name :

JOSE GOMEZ BENET SA

 

 

Registered Office :

C/ Vic, 15., Sant Cugat Del Valles, 08190

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1975

 

 

Com. Reg. No.:

A08376931

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

Manufacture of articles of fur

 

 

No. of Employees :

34

 

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 :

Moderate

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Spain

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Jose Gomez Benet Sa

C/ Vic, 15.

Sant Cugat Del Valles, 08190

Spain

Tel:       +(34) 933232600

Fax:      +(34) 933236307

Web:    www.goes.es

 

 

synthesis

           

Employees:                  34

Company Type:             Public Independent

Incorporation Date:         1975

Auditor:                         Arfa Oliver Sl    

Financials in:                 USD (Millions )

Fiscal Year End:            14-Nov-2011

Reporting Currency:       Euro

Annual Sales:                16.6  1

Net Income:                   0.0

Total Assets:                18.7

 

 

Business Description     

 

Manufacture of articles of fur

 

Industry             

Industry            Apparel and Accessories

ANZSIC 2006:    1351 - Clothing Manufacturing

NACE 2002:      1830 - Dressing and dyeing of fur; manufacture of articles of fur

NAICS 2002:     316110 - Leather and Hide Tanning and Finishing

UK SIC 2003:    1830 - Dressing and dyeing of fur; manufacture of articles of fur

US SIC 1987:    2371 - Fur Goods

 

 

Key Executives

 

Name

Title

Maria Jose Gomez Escuer

Chief Executive Officer, Member Of The Board

Jose Gomez Benet

President, Member Of The Board

Creus Susana

Financial Director

Juan Puig Perez

Non Consellor Secretary

Cuesta Francesc

Commercial Manager

 

Registered No.(ESP): A08376931

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7188775

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7335142

 

 

Corporate Overview

 

Location

C/ Vic, 15.

Sant Cugat Del Valles, 08190

Spain

Tel:       +(34) 933232600

Fax:      +(34) 933236307

Web:    www.goes.es

           

 

Sales EUR(mil):             12.0

Assets EUR(mil):           13.7

Employees:                   34

Fiscal Year End:            14-Nov-2011

Industry:                        Apparel and Accessories

Incorporation Date:         1975

Company Type:             Public Independent

Quoted Status:              Not Quoted

Registered No.(ESP):     A08376931

Chief Executive Officer,

Member Of The Board:   Maria Jose Gomez Escuer

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Branch Offices

·         Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

1351     -          Clothing Manufacturing

 

NACE 2002 Codes:

1830     -          Dressing and dyeing of fur; manufacture of articles of fur

 

NAICS 2002 Codes:

316110  -          Leather and Hide Tanning and Finishing

 

US SIC 1987:

2371     -          Fur Goods

 

UK SIC 2003:

1830     -          Dressing and dyeing of fur; manufacture of articles of fur

 

Business Description

Manufacture of articles of fur

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

12.0

Net Income:

0.0

Assets:

13.7

Current Assets:

9.8

 

Fixed Assets:

4.0

 

Long Term Debt:

1.4

 

Total Liabilities:

13.7

 

Net Worth:

8.7

 

 

 

Date of Financial Data:

14-Nov-2011

 

1 Year Growth

-7.1%

NA

NA

Branch Offices

Location
Calle Villarroel 106
Barcelona, 08011

 

Tel: +(34) 934517998

     

 

 

 

 

Key Corporate Relationships

Auditor:

Arfa Oliver Sl

Bank:

Banca March, S.A., Banco Español De Credito, S.A., Banco Atlantico, S.A., Banco Espirito Santo, S.A., Banco Del Comercio, S.A., Banco De Vitoria, S.A., Banco De Santander, Banco De Sabadell, S.A., Banco Central Hispanoamericano, S.A., Banco Bilbao Vizcaya Argentaria, S.A.

 

Auditor:

Arfa Oliver Sl

 

 

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Jose Gomez Benet

 

President, Member Of The Board

Director/Board Member

 

Ana Maria Gomez Escuer

 

Member Of The Board

Director/Board Member

 

Maria Jose Gomez Escuer

 

Chief Executive Officer, Member Of The Board

Director/Board Member

 

Yolanda Gomez Escuer

 

Member Of The Board, Combined Chief Executive Officer, Chief Executive Officer

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Maria Jose Gomez Escuer

 

Chief Executive Officer, Member Of The Board

Chief Executive Officer

 

Yolanda Gomez Escuer

 

Member Of The Board, Combined Chief Executive Officer, Chief Executive Officer

Chief Executive Officer

 

Jose Gomez Benet

 

President, Member Of The Board

President

 

Juan Puig Perez

 

Non Consellor Secretary

Administration Executive

 

Creus Susana

 

Financial Director

Finance Executive

 

Cuesta Francesc

 

Commercial Manager

Commercial Executive

 

 

 

Annual profit & loss account

 

 

 

 

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)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Charges

16.0

18.0

17.6

    Stock Reduction

-

0.3

-

    Supplies

12.2

13.7

13.3

        Goods Consumption

11.7

13.2

12.2

        Consumption of Raw Materials

0.3

0.2

0.3

        Miscellaneous External Expenditures

0.2

0.2

0.7

    Staff Costs

2.1

2.0

2.1

        Wages and Salaries

1.7

1.6

1.6

        Social Security Costs

0.4

0.4

0.5

    Depreciation

0.3

0.3

0.3

    Allowance for Trade Operations

0.0

0.0

0.0

        Losses from Unrecovered Receivables

0.0

0.0

0.0

    Other Operating Charges

1.1

1.2

1.4

        External Services

1.1

1.2

1.4

        Taxes

0.0

0.0

0.0

        Other Operating Expenses

0.0

0.0

0.0

Operating Benefits

0.2

0.7

0.6

    Financials and Similar Charges

0.3

0.3

0.4

        Due to Other Liabilities

0.3

0.3

0.4

    Exchange Losses

-

0.2

0.1

Profit From Ordinary Activities

0.0

0.3

0.1

Extraordinary Profit

0.0

-

-

Profit Before Taxes

0.0

0.3

0.1

    Corporation Tax

0.0

0.1

0.0

Financial Year Result (Profit)

0.0

0.2

0.1

Income

16.0

18.1

17.7

    Net Total Sales

15.8

17.9

17.1

        Sales

15.8

17.9

17.1

    Increase in Stocks

0.0

-

0.5

    Miscellaneous Operating Income

0.0

0.2

0.0

        Auxiliary Income From Current Management

0.0

0.2

0.0

        Grants

-

-

0.0

    Income From Miscellaneous Interests

0.0

0.0

0.0

        Miscellaneous Interests

0.0

0.0

0.0

    Gains from Exchange Rate

0.0

-

-

Negative Financial Results

0.2

0.4

0.5

    Extraordinary Income

0.0

-

-

 

Annual Balance Sheet

                                                                                                Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

        Concessions, Patents, Trademarks

-

0.0

0.0

        Software

0.0

0.0

0.0

    Total Intangible Fixed Assets

0.0

0.1

0.1

        Land and Construction

4.7

5.1

5.1

        Technical Installations and Machinery

0.1

0.2

0.3

        Other Installations, Tools, and Furniture

0.1

0.1

0.1

        Other Tangible Assets

0.1

0.2

0.2

    Total Tangible Fixed Assets

5.0

5.6

5.7

        Long-Term Securities Portfolio

0.2

0.2

0.2

        Long-Term Guarantees and Deposits

0.1

0.1

0.1

    Financial Investments

0.3

0.3

0.3

Total Fixed Assets

5.3

6.0

6.1

        Goods for Resale

6.3

6.8

6.6

        Raw Materials and Other Consumables

1.9

2.0

2.2

        Payments on Account

0.1

0.0

0.0

    Total Stocks

8.3

8.8

8.8

        Trade Debtors

3.7

6.2

7.8

        Receivables, Group Companies

0.0

-

-

        Other Debtors

-

-

0.0

        Staff

0.0

0.1

0.1

        Public Bodies

0.1

0.2

0.3

    Total Debtors

3.8

6.5

8.2

        Other Receivables

0.1

-

-

        Short-Term Guarantees and Deposits

-

0.0

0.1

    Total Short-Term Investments

0.1

0.0

0.1

    Cash

0.9

0.3

0.5

    Prepayments and Accrued Income

0.1

-

-

Total Current Assets

13.1

15.5

17.5

Total Assets

18.4

21.6

23.6

        Legal Reserve

0.2

0.2

0.2

        Miscellaneous Reserves

10.7

11.2

10.8

    Total Reserves

10.9

11.4

11.0

    Profit or Loss for the Financial Year

0.0

0.2

0.1

Total Equity

11.7

12.5

11.9

        Loans and Other Liabilities

1.8

2.4

2.5

    Total Amounts Owed to Credit Institutions

1.8

2.4

2.5

Total Long Term Liabilities

1.8

2.4

2.5

        Loans and Other Liabilities

3.1

3.1

5.7

    Total Amounts Owed to Credit Institutions

3.1

3.1

5.7

        Amounts Owed to Group Companies

0.6

-

-

    Total Short-Term Amounts Owed to Group and Associa

0.6

-

-

        Amounts Owed for Purchases of Goods or Services

1.1

3.3

3.2

    Total Trade Creditors

1.1

3.3

3.2

        Public Bodies

0.1

0.3

0.3

        Miscellaneous Debts

-

0.0

0.1

        Wages and Salaries Payable

0.0

-

0.0

    Total Other Creditors

0.1

0.3

0.4

Total Short Term Creditors

4.9

6.7

9.3

Total Liabilities and Equity

18.4

21.6

23.6

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.68

UK Pound

1

Rs.76.75

Euro

1

Rs.63.57

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.