MIRA INFORM REPORT

 

 

Report Date :

22.03.2012

 

IDENTIFICATION DETAILS

 

Name :

PUIG JANER SL

 

 

Registered Office :

Ronda Narcis Monturiol S/N, Cabrera De Mar, 08349

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

1978

 

 

Com. Reg. No.:

B08540585

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Manufacture of underwear

 

 

No. of Employees :

110

 

 

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 30, 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 and address

 

Puig Janer Sl

 

 

 

Ronda Narcis Monturiol S/N

 

 

Cabrera De Mar, 08349

Spain

 

Tel:

+(34) 937500779

Fax:

+(34) 937500659

 

Employees:

110

Company Type:

Private Independent

 

 

Incorporation Date:

1978

Auditor:

Jordi Nogueras I Ribalta

 

 

 

 

 

 

Fiscal Year End:

05-Nov-2010

Reporting Currency:

Euro

Annual Sales:

17.3  1

Net Income:

0.3

Total Assets:

15.4

 

 

 

 

 

 

 

 

Business Description

 

 

 

Manufacture of underwear

 

 

 

 

industry

 

 

Industry

Apparel and Accessories

ANZSIC 2006:

1340 - Knitted Product Manufacturing

NACE 2002:

1823 - Manufacture of underwear

NAICS 2002:

3152 - Cut and Sew Apparel Manufacturing

UK SIC 2003:

1823 - Manufacture of underwear

US SIC 1987:

2254 - Knit Underwear and Nightwear Mills

 

 

 

 

Industry

 

 

Industry

Apparel and Accessories

ANZSIC 2006:

1340 - Knitted Product Manufacturing

NACE 2002:

1823 - Manufacture of underwear

NAICS 2002:

3152 - Cut and Sew Apparel Manufacturing

UK SIC 2003:

1823 - Manufacture of underwear

US SIC 1987:

2254 - Knit Underwear and Nightwear Mills

 

 

 

 

Registered No.(ESP)

 

B08540585

 

 

Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7444919

Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7126568

 

 

Corporate Overview

 

Puig Janer Sl

 

Location
Ronda Narcis Monturiol S/N
Cabrera De Mar, 08349
Spain

 

Tel:

+(34) 937500779

Fax:

+(34) 937500659

 

Sales EUR(mil):

12.9

Assets EUR(mil):

11.0

Employees:

110

Fiscal Year End:

05-Nov-2010

 

Industry:

Apparel and Accessories

 

Incorporation Date:

1978

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(ESP):

B08540585

 

Managing Director:

Burillos Angel

 

 

Industry Codes

 

 

 

ANZSIC 2006 Codes:

1340

-

Knitted Product Manufacturing

 

NACE 2002 Codes:

1823

-

Manufacture of underwear

 

NAICS 2002 Codes:

3152

-

Cut and Sew Apparel Manufacturing

 

US SIC 1987:

2254

-

Knit Underwear and Nightwear Mills

 

UK SIC 2003:

1823

-

Manufacture of underwear

 

 

Financial Data

 

 

Financials in:

EUR(mil)

 

Revenue:

12.9

Net Income:

0.2

Assets:

11.0

Current Assets:

7.8

 

Fixed Assets:

3.2

 

Long Term Debt:

1.3

 

Total Liabilities:

11.0

 

Issued Capital:

4.2

 

Net Worth:

4.5

 

 

 

Date of Financial Data:

05-Nov-2010

 

1 Year Growth

1.0%

NA

NA

 

 

Key Corporate Relationships

 

 

Auditor:

Jordi Nogueras I Ribalta

Bank:

Banco Español De Credito, S.A., Banco Santander Central Hispano, S.A., Caja De Ahorros Y Pensiones De Barcelona, Bankinter, S.A., Banco Bilbao Vizcaya Argentaria, S.A.

 

Auditor:

Jordi Nogueras I Ribalta

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

 

Burillo Minguez Angel

 

Administrator

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Burillos Angel

 

Managing Director

Managing Director

 

Burillo Minguez Angel

 

Administrator

Administration Executive

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

Consolidated

No

No

No

 

 

 

 

Charges

17.6

19.0

18.7

    Supplies

9.3

10.3

8.5

        Consumption of Raw Materials

9.3

10.3

8.5

    Staff Costs

3.8

4.0

3.3

        Wages and Salaries

2.9

3.2

2.6

        Social Security Costs

0.9

0.8

0.7

    Depreciation

0.5

0.4

0.6

    Other Operating Charges

3.3

3.6

2.9

        External Services

-

-

2.8

        Taxes

0.1

0.1

0.0

        Other Operating Expenses

3.3

3.5

-

Operating Benefits

0.9

0.6

1.3

    Financials and Similar Charges

0.5

0.6

0.4

        Due to Other Liabilities

0.5

0.6

0.4

    Exchange Losses

0.0

-

2.9

Profit From Ordinary Activities

0.4

0.6

0.7

Extraordinary Profit

0.0

0.1

0.0

Profit Before Taxes

0.4

0.7

0.7

    Corporation Tax

0.1

0.1

0.1

Financial Year Result (Profit)

0.3

0.6

0.5

Income

17.9

19.6

19.3

    Net Total Sales

17.9

18.6

16.5

        Sales

17.9

18.6

16.5

    Increase in Stocks

-

0.4

-

    Miscellaneous Operating Income

-

0.0

0.0

        Auxiliary Income From Current Management

-

-

0.0

        Grants

-

0.0

0.0

    Income From Miscellaneous Interests

0.0

0.1

-

        Miscellaneous Interests

0.0

0.1

-

    Gains from Exchange Rate

-

0.5

2.7

Negative Financial Results

0.6

0.0

0.6

    Extraordinary Income

0.0

0.1

0.0

 

 

Annual Balance Sheet

 

 

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

        Concessions, Patents, Trademarks

0.0

0.0

0.0

        Fees Paid for Premises

0.1

0.1

0.1

        Software

0.0

0.0

0.1

        Accumulated Depreciation

-

-

-0.1

    Total Intangible Fixed Assets

0.1

0.1

0.1

        Technical Installations and Machinery

1.9

1.7

2.4

        Other Installations, Tools, and Furniture

1.8

1.5

2.2

        Other Tangible Assets

0.4

0.4

0.5

        Accumulated Depreciation

-

-

-1.6

    Total Tangible Fixed Assets

4.1

3.6

3.4

        Investments in Group Companies

0.0

0.0

0.0

        Other Receivables

0.3

0.3

-

        Long-Term Guarantees and Deposits

0.0

0.0

0.3

    Financial Investments

0.3

0.3

0.3

Total Fixed Assets

4.5

4.0

3.8

        Raw Materials and Other Consumables

9.2

8.5

8.6

    Total Stocks

9.2

8.5

8.6

        Trade Debtors

1.4

1.4

1.2

        Receivables, Group Companies

0.4

0.3

-

        Other Debtors

-

0.1

-

    Total Debtors

1.8

1.8

1.2

    Cash

0.1

0.0

-0.3

    Prepayments and Accrued Income

0.1

0.2

-

Total Current Assets

11.3

10.5

9.5

Total Assets

15.8

14.5

13.3

        Legal Reserve

0.2

0.1

0.1

        Miscellaneous Reserves

0.5

0.0

4.3

        Capital Adjustment to Euros

0.0

-

0.0

    Total Reserves

0.7

0.1

4.5

    Profit or Loss for the Financial Year

0.3

0.5

0.6

Total Equity

6.5

6.0

5.8

        Loans and Other Liabilities

1.9

2.2

2.2

    Total Amounts Owed to Credit Institutions

1.9

2.2

2.2

Total Long Term Liabilities

1.9

2.2

2.2

        Loans and Other Liabilities

6.7

5.6

4.8

    Total Amounts Owed to Credit Institutions

6.7

5.6

4.8

        Amounts Owed for Purchases of Goods or Services

0.1

0.3

0.3

    Total Trade Creditors

0.1

0.3

0.3

        Public Bodies

0.5

0.4

0.3

        Wages and Salaries Payable

-

-

0.0

    Total Other Creditors

0.5

0.4

0.3

    Prepayments and Accrued Income

0.0

-

-

Total Short Term Creditors

7.4

6.3

5.4

Total Liabilities and Equity

15.8

14.5

13.3

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.59

UK Pound

1

Rs.80.34

Euro

1

Rs.67.14

 

 

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.