MIRA
INFORM REPORT
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Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
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Name : |
VELILLA CONFECCION INDUSTRIAL SA |
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Registered Office : |
Calle Juan De La Cierva (De) 19 Coslada, 28820 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1985 |
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Com. Reg. No.: |
A78058302 |
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Legal Form : |
Public Independent |
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Line of Business : |
Manufacture of other outerwear |
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No. of Employees : |
61 |
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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
Velilla Confeccion
Industrial Sa
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Business Description
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Manufacture of other outerwear |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
1351 - Clothing Manufacturing |
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NACE 2002: |
1822 - Manufacture of other outerwear |
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NAICS 2002: |
3152 - Cut and Sew Apparel Manufacturing |
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UK SIC 2003: |
1822 - Manufacture of other outerwear |
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US SIC 1987: |
2385 - Waterproof Outerwear |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7189834
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7425283
Corporate Overview
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Executives Report
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Annual Profit
& Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Charges |
20.5 |
18.3 |
19.3 |
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Supplies |
11.8 |
9.6 |
9.7 |
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Goods Consumption |
11.3 |
9.2 |
9.3 |
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Consumption of Raw
Materials |
0.4 |
0.3 |
0.3 |
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Miscellaneous External
Expenditures |
0.1 |
0.1 |
0.1 |
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Staff Costs |
2.5 |
2.6 |
3.6 |
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Wages and Salaries |
2.1 |
2.2 |
3.0 |
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Social Security Costs |
0.4 |
0.4 |
0.6 |
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Depreciation |
1.0 |
0.9 |
0.7 |
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Allowance for Trade Operations |
0.2 |
0.2 |
0.2 |
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Losses from
Unrecovered Receivables |
0.2 |
0.2 |
0.2 |
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Other Operating Charges |
3.0 |
3.2 |
3.1 |
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External Services |
3.0 |
3.2 |
3.1 |
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Taxes |
0.0 |
0.0 |
0.0 |
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Operating Benefits |
2.8 |
3.0 |
4.5 |
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Financials and Similar Charges |
1.5 |
1.4 |
1.0 |
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Due to Other
Liabilities |
1.5 |
1.4 |
1.0 |
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Profit From Ordinary Activities |
1.3 |
1.7 |
3.5 |
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Extraordinary Profit |
- |
- |
0.0 |
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Profit Before Taxes |
1.3 |
1.7 |
3.5 |
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Corporation Tax |
0.4 |
0.5 |
1.0 |
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Financial Year Result (Profit) |
0.9 |
1.2 |
2.4 |
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Income |
21.4 |
19.5 |
21.8 |
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Net Total Sales |
21.3 |
19.1 |
21.5 |
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Sales |
21.3 |
19.1 |
21.5 |
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Miscellaneous Operating Income |
0.1 |
0.4 |
0.3 |
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Auxiliary Income From
Current Management |
0.1 |
0.4 |
0.3 |
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Income From Miscellaneous Interests |
0.0 |
0.1 |
0.0 |
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Miscellaneous
Interests |
0.0 |
0.1 |
0.0 |
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Negative Financial Results |
1.5 |
1.3 |
1.0 |
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Extraordinary Income |
- |
- |
0.0 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Software |
0.2 |
0.1 |
0.0 |
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Total Intangible Fixed Assets |
0.2 |
0.1 |
0.0 |
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Land and Construction |
15.0 |
15.0 |
13.1 |
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Technical
Installations and Machinery |
0.8 |
1.0 |
0.6 |
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Other Installations,
Tools, and Furniture |
2.1 |
2.6 |
1.7 |
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Other Tangible Assets |
2.9 |
3.6 |
2.3 |
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Total Tangible Fixed Assets |
20.8 |
22.1 |
17.7 |
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Investments in Group
Companies |
0.0 |
- |
- |
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Long-Term Securities
Portfolio |
0.2 |
- |
- |
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Other Receivables |
- |
0.2 |
0.0 |
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Financial Investments |
0.3 |
0.2 |
0.0 |
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Total Fixed Assets |
21.3 |
22.5 |
17.7 |
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Goods for Resale |
6.1 |
7.1 |
8.0 |
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Total Stocks |
6.1 |
7.1 |
8.0 |
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Trade Debtors |
8.0 |
7.3 |
6.7 |
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Other Debtors |
- |
0.0 |
0.5 |
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Public Bodies |
0.5 |
0.3 |
- |
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Total Debtors |
8.6 |
7.6 |
7.1 |
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Other Receivables |
- |
0.1 |
1.3 |
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Short-Term Guarantees
and Deposits |
0.1 |
- |
- |
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Total Short-Term Investments |
0.1 |
0.1 |
1.3 |
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Cash |
3.5 |
5.0 |
5.3 |
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Total Current Assets |
18.3 |
19.8 |
21.7 |
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Total Assets |
39.6 |
42.3 |
39.4 |
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Legal Reserve |
0.1 |
0.1 |
0.1 |
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Miscellaneous Reserves |
16.1 |
13.6 |
9.6 |
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Total Reserves |
16.2 |
13.7 |
9.7 |
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Retained Earnings |
- |
2.4 |
3.6 |
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Profit or Loss Brought Forward |
- |
2.4 |
3.6 |
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Profit or Loss for the Financial Year |
0.9 |
1.2 |
2.3 |
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Total Equity |
17.5 |
17.7 |
16.0 |
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Loans and Other
Liabilities |
13.1 |
15.7 |
15.2 |
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Total Amounts Owed to Credit Institutions |
13.1 |
15.7 |
15.2 |
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Total Long Term Liabilities |
13.1 |
15.7 |
15.2 |
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Loans and Other
Liabilities |
8.6 |
7.1 |
7.6 |
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Short-Term Liabilities
from Capital Leases |
- |
0.0 |
0.0 |
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Total Amounts Owed to Credit Institutions |
8.6 |
7.1 |
7.6 |
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Amounts Owed for Purchases
of Goods or Services |
-0.2 |
1.1 |
0.6 |
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Total Trade Creditors |
-0.2 |
1.1 |
0.6 |
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Public Bodies |
0.5 |
0.6 |
- |
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Wages and Salaries
Payable |
0.0 |
0.0 |
- |
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Total Other Creditors |
0.5 |
0.6 |
- |
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Total Short Term Creditors |
9.0 |
8.8 |
8.2 |
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Total Liabilities and Equity |
39.6 |
42.3 |
39.4 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.38 |
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1 |
Rs.86.75 |
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Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
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Report Prepared
by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.