MIRA INFORM REPORT

 

 

Report Date :           

01.03.2012

 

IDENTIFICATION DETAILS

 

Name :

YORGA SA

 

 

Registered Office :

C/ Charles Robert Darwin, 34 36 - Valencia Parc Te, Paterna, 46980

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1970

 

 

Com. Reg. No.:

A46048799

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

No. of Employees :

60

 

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 – 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 

 

Yorga Sa

C/ Charles Robert Darwin, 34 36 - Valencia Parc Te

Paterna, 46980

Spain

Tel:       +(34) 963305891

Fax:      +(34) 963462776

 

 

Synthesis

 

Employees:                  60

Company Type:            Public Independent

Incorporation Date:         1970

Auditor:                        Bacete & Ferrer Slp      

Financials in:                 USD (Millions)

Fiscal Year End:            17-Oct-2011

Reporting Currency:       Euro

Annual Sales:               35.3  1

Net Income:                   0.4

Total Assets:                 14.9

 

 

Business Description     

 

Wholesale of clothing and footwear

 

Industry             

Industry            Apparel and Accessories

ANZSIC 2006:    371 - Textile, Clothing and Footwear Wholesaling

NACE 2002:      5142 - Wholesale of clothing and footwear

NAICS 2002:     4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers

UK SIC 2003:    5142 - Wholesale of clothing and footwear

US SIC 1987:    513 - Apparel, Piece Goods, and Notions

 

           

Key Executives   

 

Name

Title

David Mayordomo Barber

Joint Chief Executive Officer, Member Of The Board

Sonia Maria Mayordomo Barber

Joint Chief Executive Officer, Member Of The Board, Secretary

Marcos David Mayordomo Aznar

President, Member Of The Board

De Mayordomo Barber Sonia Maria

Financial Director

Manuela Barber Bataller

Member Of The Board

Registered No.(ESP): A46048799

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7185146

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.726533

 

 

Corporate Overview

 

Location

C/ Charles Robert Darwin, 34 36 - Valencia Parc Te

Paterna, 46980

Spain

Tel:       +(34) 963305891

Fax:      +(34) 963462776

           

Sales EUR(mil):             25.3

Assets EUR(mil):           10.8

Employees:                   60

Fiscal Year End:            17-Oct-2011

Industry:                        Apparel and Accessories

Incorporation Date:         1970

Company Type:             Public Independent

Quoted Status:              Not Quoted

Registered No.(ESP):     A46048799

Joint Chief Executive Officer,

Member Of The Board:   Marcos Manuel Mayordomo Barber

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Branch Offices

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

371       -          Textile, Clothing and Footwear Wholesaling

 

NACE 2002 Codes:

5142     -          Wholesale of clothing and footwear

 

NAICS 2002 Codes:

4243     -          Apparel, Piece Goods, and Notions Merchant Wholesalers

 

US SIC 1987:

513       -          Apparel, Piece Goods, and Notions

 

UK SIC 2003:

5142     -          Wholesale of clothing and footwear

 

Business Description

Wholesale of clothing and footwear

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

25.3

Net Income:

0.3

Assets:

10.8

Current Assets:

7.2

 

Fixed Assets:

3.6

 

Long Term Debt:

0.0

 

Total Liabilities:

10.8

 

Net Worth:

4.1

 

 

 

Date of Financial Data:

17-Oct-2011

 

1 Year Growth

-13.4%

NA

NA

Branch Offices

Location
José García Selles, 2
Alicante, 3012

 

Tel: +(34) 965258635

     

 

Location
Av. Gabriel Miró, S/N- Bajo
Calpe, 3710

 

Tel: +(34) 965834916

     

 

Location
Av. País Valencià (Pol. Ind. Finestrat), S/N- Bl 2
Finestrat, 3509

 

Tel: +(34) 966806808

     

 

Location
Jaume Ii, 29- Bajo
Palma, 7001

 

Tel: +(34) 971711062

     

 

Location
Av. Vallès, 484
Terrassa, 8227

 

Tel: +(34) 937831847

     

 

Location
Enmedio, 64
Castellon De La Plana, 12001

 

Tel: +(34) 964221716

     

 

 

Location
Av. País Valencià, 24
Alaquas, 46970

 

Tel: +(34) 961509335

     

 

Location
Santa Cecilia, 2
Moncada, 46113

 

Tel: +(34) 961394663

     

 

Location
Major, 50
Paterna, 46980

 

Tel: +(34) 961384852

     

 

Location
Av. Vedat, 95
Torrent, 46900

 

Tel: +(34) 961552596

     

 

Location
Av. Tirso De Molina, 16
Valencia, 46015

 

Tel: +(34) 963487525

     

 

Location
Av. Campanar, 24
Valencia, 46015

 

Tel: +(34) 963490720

     

 

 

 

Key Corporate Relationships

Auditor:

Bacete & Ferrer Slp

Bank:

Banco Bilbao Vizcaya Argentaria, S.A.

 

Auditor:

Bacete & Ferrer Slp

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Manuela Barber Bataller

 

Member Of The Board

Director/Board Member

 

Marcos David Mayordomo Aznar

 

President, Member Of The Board

Director/Board Member

 

Marcos Manuel Mayordomo Barber

 

Joint Chief Executive Officer, Member Of The Board

Director/Board Member

 

Carlos Mayordomo Barber

 

Member Of The Board

Director/Board Member

 

Silvia Mayordomo Barber

 

Member Of The Board

Director/Board Member

 

Sonia Maria Mayordomo Barber

 

Joint Chief Executive Officer, Member Of The Board, Secretary

Director/Board Member

 

David Mayordomo Barber

 

Joint Chief Executive Officer, Member Of The Board

Director/Board Member

 

Gemma Mayordomo Barber

 

Member Of The Board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Marcos Manuel Mayordomo Barber

 

Joint Chief Executive Officer, Member Of The Board

Chief Executive Officer

 

Sonia Maria Mayordomo Barber

 

Joint Chief Executive Officer, Member Of The Board, Secretary

Chief Executive Officer

 

David Mayordomo Barber

 

Joint Chief Executive Officer, Member Of The Board

Chief Executive Officer

 

Marcos David Mayordomo Aznar

 

President, Member Of The Board

President

 

De Mayordomo Barber Sonia Maria

 

Financial Director

Finance Executive

 



 

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)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Charges

34.1

42.0

47.3

    Supplies

29.0

34.8

40.2

        Goods Consumption

29.0

34.7

40.2

        Consumption of Raw Materials

0.0

0.0

-

    Staff Costs

1.8

1.7

1.6

        Wages and Salaries

1.2

1.3

1.2

        Social Security Costs

0.5

0.4

0.4

    Depreciation

0.4

0.4

0.4

    Allowance for Trade Operations

0.1

1.6

-

        Variation of Other Trade Provisions

0.1

1.6

-

    Other Operating Charges

2.7

2.9

4.1

        External Services

2.6

2.9

4.0

        Taxes

0.0

0.1

0.1

Operating Benefits

0.5

0.2

1.0

    Financials and Similar Charges

0.0

0.1

0.2

        Due to Other Liabilities

0.0

0.1

0.2

    Exchange Losses

0.0

-

0.0

Profit From Ordinary Activities

0.5

0.2

0.8

    Extraordinary Expenses

-

-

0.7

Extraordinary Profit

0.0

0.3

-

Profit Before Taxes

0.5

0.5

0.1

    Corporation Tax

0.2

0.6

0.0

Financial Year Result (Profit)

0.4

-

0.1

Income

34.5

41.9

47.4

    Net Total Sales

33.5

40.7

47.3

        Sales

33.5

40.7

47.3

    Miscellaneous Operating Income

0.9

0.9

0.0

        Auxiliary Income From Current Management

0.9

0.8

0.0

        Grants

0.0

0.0

0.0

    Income From Equity Investment

0.0

0.0

0.0

        Third Parties

0.0

0.0

0.0

    Income From Miscellaneous Interests

0.0

0.0

0.1

        Miscellaneous Interests

0.0

0.0

0.1

    Gains from Exchange Rate

-

0.0

-

Negative Financial Results

0.0

0.0

0.2

    Profit on Disposal of Assets

0.0

-

-

    Extraordinary Income

0.0

0.3

-

Negative Extraordinary Results

-

-

0.7

Financial Year Result (Losses)

-

0.1

-

 

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

 

 

 

 

        Software

0.3

-

-

        Payments on Account

-

0.4

-

    Total Intangible Fixed Assets

0.3

0.4

-

        Land and Construction

3.5

3.8

3.8

        Technical Installations and Machinery

0.2

0.3

0.4

        Other Installations, Tools, and Furniture

0.1

0.1

0.1

        Other Tangible Assets

0.4

0.5

0.6

    Total Tangible Fixed Assets

4.2

4.7

5.0

        Long-Term Securities Portfolio

0.0

0.0

-

        Long-Term Guarantees and Deposits

0.1

0.1

0.1

    Financial Investments

0.1

0.1

0.1

    Own Shares

0.1

0.1

0.1

Total Fixed Assets

4.8

5.4

5.1

        Goods for Resale

1.6

1.5

1.6

    Total Stocks

1.6

1.5

1.6

        Trade Debtors

6.4

6.7

7.0

        Other Debtors

-

0.0

-

        Staff

0.0

0.0

0.0

        Public Bodies

0.0

0.0

0.4

    Total Debtors

6.4

6.7

7.4

        Short-Term Securities Portfolio

-

-

0.0

    Total Short-Term Investments

-

-

0.0

    Cash

1.7

1.1

1.2

Total Current Assets

9.7

9.3

10.2

Total Assets

14.5

14.7

15.4

        Legal Reserve

0.2

0.2

0.1

        Reserves for Own Shares

0.2

0.2

0.2

        Miscellaneous Reserves

4.0

4.4

4.3

        Capital Adjustment to Euros

0.0

0.0

0.0

    Total Reserves

4.4

4.8

4.6

    Profit or Loss for the Financial Year

0.4

-0.1

0.1

Total Equity

5.5

5.5

5.5

        Long-Term Payables to Public Bodies

0.0

0.0

-

    Total Other Creditors

0.0

0.0

-

Total Long Term Liabilities

0.0

0.0

-

        Loans and Other Liabilities

0.0

0.0

0.0

    Total Amounts Owed to Credit Institutions

0.0

0.0

0.0

        Amounts Owed for Purchases of Goods or Services

7.1

8.2

9.4

    Total Trade Creditors

7.1

8.2

9.4

        Public Bodies

0.6

0.9

0.5

        Miscellaneous Debts

0.1

0.1

0.1

        Wages and Salaries Payable

0.0

0.0

0.0

    Total Other Creditors

0.7

0.9

0.5

    Prepayments and Accrued Income

1.1

-

-

Total Short Term Creditors

9.0

9.2

9.9

Total Liabilities and Equity

14.5

14.7

15.4

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.94

UK Pound

1

Rs.77.95

Euro

1

Rs.65.94

 

 

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.