x
MIRA
INFORM REPORT
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Report Date : |
16.02.2012 |
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Tel. No.: |
+34 963536676 |
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Fax No.: |
+34 963518297 |
IDENTIFICATION DETAILS
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Name : |
TEJIDOS ROYO SL |
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Registered Office : |
C/Cuatro Nº1 Pol. Ind.
De Picassent Apartado De Correos Nº 35 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
1994 |
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Com. Reg. No.: |
B96348644 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Weaving of textiles |
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No. of Employees : |
256 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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) |
|
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
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Tejidos Royo Sl |
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Employees: |
256 |
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Company Type: |
Private Subsidiary |
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Corporate
Family: |
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Ultimate
Parent: |
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Incorporation
Date: |
1994 |
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Auditor: |
Bdo Auditores Sl |
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Fiscal Year End: |
21-Nov-2011 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
63.9 1
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Net Income: |
3.0 |
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Total Assets: |
80.4 |
Business Description
Weaving of textiles
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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US SIC 1987: |
Key Executives
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Registered No.(ESP)
B96348644
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7189834
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7425283
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Incorporation Date: |
1994 |
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Company Type: |
Private Subsidiary |
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Quoted Status: |
Not Quoted |
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Registered No.(ESP): |
B96348644 |
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Director/General Manager: |
Royo Cerda Jose Vicente |
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Contents |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Valencia |
Spain |
Commercial Banks |
2.7 |
28 |
|
|
Subsidiary |
L' Alcudia De Crespins, Valencia |
Spain |
Textiles - Non Apparel |
63.9 |
256 |
|
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Subsidiary |
Picassent, Valencia |
Spain |
Apparel and Accessories |
11.0 |
1 |
|
Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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|
|
|
Charges |
70.1 |
63.6 |
80.5 |
|
Supplies |
41.2 |
29.6 |
36.1 |
|
Goods Consumption |
8.1 |
3.2 |
2.9 |
|
Consumption of Raw
Materials |
25.6 |
19.8 |
24.6 |
|
Miscellaneous External
Expenditures |
7.5 |
6.6 |
8.6 |
|
Staff Costs |
11.0 |
12.1 |
14.9 |
|
Wages and Salaries |
8.5 |
9.3 |
11.4 |
|
Social Security Costs |
2.6 |
2.8 |
3.4 |
|
Depreciation |
2.3 |
3.3 |
4.0 |
|
Allowance for Trade Operations |
0.0 |
0.1 |
0.1 |
|
Stock Provision
Variation |
0.0 |
- |
0.0 |
|
Losses from
Unrecovered Receivables |
0.1 |
0.1 |
0.1 |
|
Other Operating Charges |
14.6 |
15.0 |
17.7 |
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External Services |
14.2 |
14.6 |
17.5 |
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Taxes |
0.4 |
0.4 |
0.2 |
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Financials and Similar Charges |
0.6 |
1.1 |
1.9 |
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Due to Liabilities
With Group Companies |
0.0 |
- |
- |
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Due to Other
Liabilities |
0.6 |
1.1 |
1.9 |
|
Changes in Financial Investment Provisions |
-0.1 |
0.5 |
0.0 |
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Exchange Losses |
0.6 |
0.2 |
0.2 |
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Net Financial Income |
- |
- |
1.4 |
|
Profit From Ordinary Activities |
- |
- |
0.8 |
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Losses From Assets and Securities Portfolio |
- |
- |
0.2 |
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Extraordinary Expenses |
0.1 |
1.6 |
3.3 |
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Expenses and Losses From Previous Years |
- |
- |
2.3 |
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Extraordinary Profit |
3.8 |
- |
- |
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Profit Before Taxes |
2.6 |
- |
- |
|
Corporation Tax |
-0.3 |
0.2 |
- |
|
Financial Year Result (Profit) |
2.8 |
- |
- |
|
Income |
72.9 |
58.8 |
75.9 |
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Net Total Sales |
60.8 |
55.2 |
71.2 |
|
Sales |
61.6 |
55.9 |
72.1 |
|
Rendering of Services |
- |
0.0 |
0.0 |
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Sales Refunds |
-0.8 |
-0.7 |
-0.9 |
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Increase in Stocks |
7.4 |
2.7 |
0.2 |
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Works Performed for Fixed Assets |
0.2 |
- |
- |
|
Miscellaneous Operating Income |
0.3 |
0.3 |
0.6 |
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Auxiliary Income From
Current Management |
0.2 |
0.1 |
0.4 |
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Grants |
0.1 |
0.2 |
0.3 |
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Operating Losses |
0.5 |
1.8 |
0.6 |
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Income From Other Securities and Receivables |
0.0 |
0.1 |
0.1 |
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From Group Companies |
0.0 |
0.1 |
0.1 |
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Income From Miscellaneous Interests |
0.3 |
0.3 |
3.2 |
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From Group Companies |
0.1 |
0.1 |
0.2 |
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Miscellaneous
Interests |
0.2 |
0.2 |
0.6 |
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Profit on Financial
Investment |
0.0 |
- |
2.5 |
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Gains from Exchange Rate |
- |
- |
0.2 |
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Negative Financial Results |
0.7 |
1.3 |
- |
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Ordinary Activities' Losses |
1.2 |
3.1 |
- |
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Profit on Disposal of Assets |
3.9 |
0.1 |
0.3 |
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Capital Grants Transferred to Profit and Loss |
- |
- |
0.0 |
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Income and Profit From Previous Years |
- |
- |
0.0 |
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Negative Extraordinary Results |
- |
1.5 |
5.4 |
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Losses Before Taxes |
- |
4.6 |
4.6 |
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Financial Year Result (Losses) |
- |
4.8 |
4.6 |
Annual Balance Sheet
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Concessions, Patents,
Trademarks |
0.5 |
0.4 |
0.4 |
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Software |
0.0 |
- |
0.7 |
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Payments on Account |
0.2 |
- |
- |
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Accumulated
Depreciation |
- |
- |
-0.7 |
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Total Intangible Fixed Assets |
0.6 |
0.4 |
0.4 |
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Land and Construction |
6.1 |
8.3 |
13.7 |
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Technical
Installations and Machinery |
4.7 |
5.7 |
83.6 |
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Other Installations,
Tools, and Furniture |
0.7 |
0.8 |
12.0 |
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Tangible Fixed Assets
Under Construction |
0.9 |
0.7 |
0.1 |
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Other Tangible Assets |
0.1 |
0.2 |
2.2 |
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Accumulated
Depreciation |
- |
- |
-94.3 |
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Total Tangible Fixed Assets |
12.6 |
15.7 |
17.3 |
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Investments in Group
Companies |
0.0 |
0.0 |
0.0 |
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Receivables from Group
Companies |
1.1 |
1.1 |
1.5 |
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Investments in
Associated Companies |
0.1 |
0.0 |
0.0 |
|
Credits to Associated
Companies |
0.4 |
0.4 |
0.6 |
|
Long-Term Securities
Portfolio |
0.2 |
0.2 |
0.7 |
|
Long-Term Guarantees
and Deposits |
0.3 |
0.3 |
0.1 |
|
Provisions |
- |
- |
0.0 |
|
Financial Investments |
2.1 |
2.1 |
2.8 |
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Total Fixed Assets |
15.3 |
18.2 |
20.5 |
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Raw Materials and
Other Consumables |
3.8 |
3.2 |
4.1 |
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Goods in Process |
8.1 |
7.4 |
12.1 |
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Finished Products |
18.8 |
13.4 |
5.3 |
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Payments on Account |
0.1 |
0.0 |
- |
|
Provisions |
- |
- |
0.0 |
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Total Stocks |
30.8 |
24.0 |
21.4 |
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Trade Debtors |
15.3 |
14.6 |
17.8 |
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Receivables, Group
Companies |
3.8 |
3.0 |
5.0 |
|
Other Debtors |
5.6 |
0.0 |
0.0 |
|
Staff |
0.2 |
0.1 |
0.1 |
|
Public Bodies |
0.5 |
0.7 |
0.6 |
|
Provisions |
- |
- |
-0.1 |
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Total Debtors |
25.3 |
18.4 |
23.5 |
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Investments in Group
Companies |
3.0 |
1.2 |
2.1 |
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Receivables from Group
Companies |
0.3 |
0.6 |
- |
|
Investments in
Associated Companies |
2.0 |
0.8 |
1.4 |
|
Short-Term Securities
Portfolio |
1.5 |
4.8 |
3.2 |
|
Other Receivables |
1.4 |
3.6 |
- |
|
Provisions |
- |
- |
-0.2 |
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Total Short-Term Investments |
8.2 |
10.9 |
6.3 |
|
Cash |
0.4 |
0.7 |
0.0 |
|
Prepayments and Accrued Income |
0.1 |
0.5 |
0.7 |
|
Total Current Assets |
64.9 |
54.5 |
52.0 |
|
Total Assets |
80.1 |
72.6 |
72.5 |
|
Legal Reserve |
1.3 |
1.4 |
1.4 |
|
Miscellaneous Reserves |
1.6 |
1.8 |
1.1 |
|
Total Reserves |
2.9 |
3.2 |
2.4 |
|
Prior Year Losses |
-10.1 |
-5.8 |
-1.3 |
|
Profit or Loss Brought Forward |
-10.1 |
-5.8 |
-1.3 |
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Profit or Loss for the Financial Year |
2.9 |
-5.0 |
-4.3 |
|
Total Equity |
37.0 |
36.6 |
39.6 |
|
Capital Grants |
0.3 |
0.4 |
0.1 |
|
Unrealised Exchange
Gains |
- |
- |
0.1 |
|
Other Deferred Income |
- |
- |
0.1 |
|
Total Deferred Income |
0.3 |
0.4 |
0.2 |
|
Other Provisions |
0.3 |
0.5 |
0.1 |
|
Total Provisions for Liabilities and Charges |
0.3 |
0.5 |
0.1 |
|
Loans and Other
Liabilities |
2.1 |
1.9 |
3.0 |
|
Total Amounts Owed to Credit Institutions |
2.1 |
1.9 |
3.0 |
|
Other Creditors |
2.7 |
3.1 |
3.9 |
|
Long-Term Guarantees
and Deposits Received |
0.0 |
0.0 |
0.0 |
|
Long-Term Payables to
Public Bodies |
0.2 |
0.3 |
- |
|
Total Other Creditors |
2.9 |
3.4 |
3.9 |
|
Third Parties |
- |
- |
0.1 |
|
Total Unpaid Portion of Equity Investments |
- |
- |
0.1 |
|
Total Long Term Liabilities |
5.1 |
5.3 |
7.0 |
|
Loans and Other Liabilities |
16.8 |
18.6 |
14.4 |
|
Accrued Interest on
Liabilities with Credit Instit |
- |
- |
0.1 |
|
Total Amounts Owed to Credit Institutions |
16.8 |
18.6 |
14.5 |
|
Amounts Owed to Group
Companies |
0.6 |
0.0 |
1.2 |
|
Total Short-Term Amounts Owed to Group and
Associa |
0.6 |
0.0 |
1.2 |
|
Amounts Owed for
Purchases of Goods or Services |
17.2 |
8.2 |
7.5 |
|
Total Trade Creditors |
17.2 |
8.2 |
7.5 |
|
Public Bodies |
0.5 |
0.4 |
0.4 |
|
Miscellaneous Debts |
0.6 |
0.8 |
0.6 |
|
Wages and Salaries
Payable |
1.6 |
1.7 |
1.3 |
|
Total Other Creditors |
2.8 |
2.9 |
2.4 |
|
Total Short Term Creditors |
37.5 |
29.8 |
25.6 |
|
Total Liabilities and Equity |
80.1 |
72.6 |
72.5 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
|
1 |
Rs.77.45 |
|
Euro |
1 |
Rs.64.89 |
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.