MIRA
INFORM REPORT
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Report Date : |
07.11.2012 |
IDENTIFICATION DETAILS
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Name : |
DIEGO PULIDO PEREZ SA |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
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No. of Employees : |
09 (2012) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
|
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 |
spain - ECONOMIC OVERVIEW
spain's mixed capitalist economy is the 13th largest
in the world, and its per capita income roughly matches that of Germany and
France. However, after almost 15 years of above average GDP growth, the Spanish
economy began to slow in late 2007 and entered into a recession in the second
quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth trend,
and by another 0.1% in 2010, before turning positive in 2011, making Spain the
last major economy to emerge from the global recession. The reversal in
Spain''s economic growth reflected a significant decline in construction amid
an oversupply of housing and falling consumer spending, while exports actually
have begun to grow. Government efforts to boost the economy through stimulus
spending, extended unemployment benefits, and loan guarantees did not prevent a
sharp rise in the unemployment rate, which rose from a low of about 8% in 2007
to over 20% in 2011. The government budget deficit worsened from 3.8% of GDP in
2008 to 9.2% of GDP in 2010, more than three times the euro-zone limit. Madrid
cut the deficit to 8.5% of GDP in 2011, a larger deficit than the 6% target
negotiated between Spain and the EU. Spain''s large budget deficit and poor
economic growth prospects have made it vulnerable to financial contagion from
other highly-indebted euro zone members despite the government''s efforts to
cut spending, privatize industries, and boost competitiveness through labor
market reforms. Spanish banks'' high exposure to the collapsed domestic
construction and real estate market also poses a continued risk for the sector.
The government oversaw a restructuring of the savings bank sector in 2010, and
provided some $15 billion in capital to various institutions. Investors remain
concerned that Madrid may need to bail out more troubled banks. The Bank of
Spain, however, is seeking to boost confidence in the financial sector by
pressuring banks to come clean about their losses and consolidate into stronger
groups.
|
Source : CIA |
Company name & address
DIEGO PULIDO PEREZ SA
CIF/NIF: A11045440
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: DIEGO PULIDO PEREZ SA
Commercial name: ZP CREACIONES PULIDO; YANCCI
Other names: YES
Current Address: CALLE HERMANOS BOHORQUEZ
GOMEZ, 3
Telephone number: 956460411 Fax: 956468020
URL: www.yancci.com
Corporate e-mail: yancci@yancci.com
Trade Risk
Incidents: NO
Financial
Information
Balance sheet latest sales (2011): 850.869,64 €
(Mercantile Register)
Result: 1.821,45 €
Total Assets: 2.018.429,45 €
Share capital: 67.924,30 €
Employees: 9
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 21/12/1985
Activity: Wholesale of footwear, furrier , etc.
NACE 2009 CODE: 4642
International Operations: Imports and
Exports
Corporate Structure
Sole Administrator:
Parent Company:
Participations: 1
Other Complementary Information
Latest act published in BORME: 14/06/2012 Appointments
Bank Entities: There are
The date when this report was last updated is 06/11/2012.
The information contained in this report has been investigated and
contrasted on 30/04/2012
Financial
situation
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Exercise:2011 |
Evolution |
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Treasury |
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Excellent |
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Indebtedness |
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Slight |
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Profitability |
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Slight |
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Balance |
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Excellent |
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Performance
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Incidents |
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None or Negligible |
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Business
Trajectory |
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Superior |
Rating Explanation
Financial situation
•
The company’s financial situation is normal.
•
The company’s financial situation evolution has
been negative.
•
The sales evolution and results has
been negative.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is very small depending
on its sales volume.
•
The employees evolution has been positive.
Performance and Incidences
•
The available information indicates that the
company does not have payment incidences.
•
He have detected no recent legal actions or claims
from the Administration against this company.
Accounts Filing
•
The company files regularly its accounts.
Reasons of the
last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
17/08/2012 |
Reduction |
13 |
•
New financial statements have been uploaded. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
Figures given in €
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|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
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ASSETS |
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A) NON CURRENT ASSETS |
543.680,31 |
26,94 |
510.139,68 |
28,35 |
514.059,98 |
31,57 |
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B) CURRENT ASSETS |
1.474.749,14 |
73,06 |
1.289.024,88 |
71,65 |
1.114.074,98 |
68,43 |
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LIABILITIES |
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A) NET WORTH |
827.012,11 |
40,97 |
808.541,06 |
44,94 |
804.595,87 |
49,42 |
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B) NON CURRENT LIABILITIES |
91.784,32 |
4,55 |
82.870,02 |
4,61 |
90.000,00 |
5,53 |
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C) CURRENT LIABILITIES |
1.099.633,02 |
54,48 |
907.753,48 |
50,45 |
733.539,09 |
45,05 |
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Balance Sheet
Comments
Total assets of the company grew in 12,19%
between 2.010 and 2.011.
This growth has been inferior in the case of the non current assets that
increased just in 6,57%.
This growth has been mainly financed with a debt increase
of 20,27%. Nevertheless Net Worth grew 2,28%.
Total assets of the company grew in 10,50%
between 2.009 and 2.010.
In spite of the assets’ growth, non current assets decreased 0,76%.
This growth has been mainly financed with a debt increase
of 20,29%. Nevertheless Net Worth grew 0,49%.
Profit and loss
account analysis
Figures given in €
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|
31/12/2011 (12) |
% NET TURNOVER |
31/12/2010 (12) |
% NET TURNOVER |
31/12/2009 (12) |
% NET TURNOVER |
|
SALES |
850.869,64 |
|
970.446,90 |
|
891.217,96 |
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GROSS MARGIN |
348.496,89 |
40,96 |
385.367,19 |
39,71 |
404.673,29 |
45,41 |
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EBITDA |
78.278,96 |
9,20 |
79.524,64 |
8,19 |
66.232,52 |
7,43 |
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EBIT |
76.627,54 |
9,01 |
76.759,81 |
7,91 |
59.651,04 |
6,69 |
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NET RESULT |
1.821,45 |
0,21 |
3.945,19 |
0,41 |
3.382,32 |
0,38 |
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EFFECTIVE TAX RATE (%) |
25,00 |
0,00 |
25,00 |
0,00 |
25,00 |
0,00 |
Profit and Loss
Account Comments
The company’s sales figure decreased
in 12,32% between 2.010 and 2.011.
The company’s EBIT decreased
in 0,17% between 2.010 and 2.011.
This evolution implies a reduction in the company’s economic profitability
.
The result of these variations is a decrease of the company’s Operating
Profitability of 12,22% in the analysed period, being this
profitability of 3,88% in the year 2.011.
The Net Result of the company decreased
in 53,83% between 2.010 and 2.011.
The company’s Financial Profitability has been negatively affected by
the financial activities in comparison with EBITs behaviour .
The result of these variations is a reduction of the company’s economic
profitability of 53,85% in the analysed period, being equal
to 0,30% in the year 2.011 .
The company’s sales figure grew
in 8,89% between 2.009 and 2.010.
The company’s EBIT grew
in 28,68% between 2.009 and 2.010.
This evolution implies an increase in the company’s economic
profitability .
The result of these variations is an increase of the company’s Economic
Profitability of 8,60% in the analysed period, being equal
to 4,42% in the year 2.010.
The Net Result of the company grew
in 16,64% between 2.009 and 2.010.
The company’s Financial Profitability has been negatively affected by
the financial activities in comparison with EBITs behaviour .
The result of these variations is an increase of the company’s Economic
Profitability of 16,07% in the analysed period, being equal
to 0,65% in the year 2.010 .
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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BALANCE SHEET ANALYSIS: % on the total
assets |
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ASSETS |
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A) NON CURRENT ASSETS |
26,94 |
33,31 |
-6,37 |
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A) CURRENT ASSETS |
73,06 |
66,69 |
6,37 |
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LIABILITIES |
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A) NET WORTH |
40,97 |
37,84 |
3,14 |
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B) NON CURRENT LIABILITIES |
4,55 |
17,16 |
-12,62 |
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C) CURRENT LIABILITIES |
54,48 |
45,00 |
9,48 |
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
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SALES |
99,95 |
98,46 |
1,49 |
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GROSS MARGIN |
40,94 |
40,03 |
0,90 |
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EBITDA |
9,20 |
4,21 |
4,99 |
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EBIT |
9,00 |
2,34 |
6,66 |
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NET RESULT |
0,21 |
0,63 |
-0,41 |
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Sector Composition
Compared sector (NACE 2009): 4642
Number of companies: 736
Size (sales figure): 0 - 2,800,000.00 Euros
Comments on the
sectorial comparative
Compared to its sector the assets of the companies show an
inferior proportion of non current assets. Specifically the difference with the
sector average is -6,37% .
In liabilities composition the company turns to on a wider scale to self
financing, being the proportion of Net Worth of 3,14% major. As a
consequence, external financing sources are less used by the company
( 3,14% less than the sector) .
The proportion that the sales mean to the company’s total ordinary
income is 99,95% , an 1,49% higher than in the sector .
The company’s EBIT was positive and was 9,00% with regard to
the total ordinary income, 6,66% superior to the one of the sector .
The company’s capacity to generate operating income is superior to that
of the sector as its ratio EBIT/Sales is greater. (0,09 in comparison
with 0,02) .
The company’s net result was positive and equal to 0,21% with
regard to the total ordinary income, -0,41% inferior to the one of
the sector .
The financial results and the tax impact have had a negative impact on
the net result of the company with a worse behaviour that the one of the sector
.
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results
Distribution
Source: annual financial report 2010
Figures given in €
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DISTRIBUTION BASE |
APPLICATION A |
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Profit and Loss Account Balance |
3.945,19 |
Legal Reserve |
0,00 |
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Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
3.945,19 |
|
Total of Amounts to be distributed |
3.945,19 |
Dividends |
0,00 |
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Carry over and others |
0,00 |
|
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Compensation of previous exercises losses |
0,00 |
|
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|
Application total |
3.945,19 |
company
ADDRESSES
Current Legal Seat Address:
CALLE HERMANOS BOHORQUEZ GOMEZ, 3
11600 UBRIQUE
CÁDIZ
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
31/05/2012)
Other Positions : 1 (latest change: 27/06/2001)
Operative Board Members : 4 (latest change: 11/11/2009)
Non-current positions : 1 (latest change: 31/05/2012)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
PULIDO GARCIA, JOSE |
31/05/2012 |
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There are 2 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
PULIDO PEREZ, DIEGO |
|
Financial Manager |
CABEZA GUTIERREZ, MARIA JESUS |
|
Commercial Director |
PULIDO GARCIA, FRANCISCO |
|
Exports Director |
PULIDO GARCIA, JOSE |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PULIDO PEREZ DIEGO |
|
90,00 |
OWN SOURCES |
30/04/2012 |
|
|
PULIDO PEREZ PILAR |
|
10,00 |
OWN SOURCES |
30/04/2012 |
There are 2 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
UBRIFRANCE 2002 SOCIEDAD LIMITADA. |
B91159855 |
33,33 |
MERCANTILE REGISTER |
31/12/2010 |
There are 1 direct financial links through participations
registered
Company with rating inferior to 7
BUSINESS INFORMATION
Incorporation date: 21/12/1985
Activity: Wholesale of footwear, furrier , etc.
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: Inversión de sus propios recursos y de los que obtenga
en el mercado de capitales, en la promoción y desarrollo de empresas
comerciales e industriales, aquellas cuyas actividades se expresan en los
siguientes apartados. Fabricación, producción, importación y exportación,
representación, de toda clase de productos y mercancías relacionadas con las
industrias de productos cosméticos, químicos, textiles y similares. Estudio y
comercio de toda clase de modelos, patentes y marcas, sean propios de la
sociedad o de terceros, con la previa obtención de las correspondientes
licencias, en su caso. Constitución, con la concurrencia de otras personas, de
toda clase de sociedades mercantiles, asociaciones, cooperativas, comunidades,
entidades o grupos, así como la participación en otras ya constituidas, cuya
actividad u objeto tenga similitud con las expresadas en los diferentes
apartados de este artículo, ostentando en todas ellas, cargos de
administración, dirección o control, mediante la oportuna delegación en
personas físicas; organización, promoción, asesoramiento y financiación no
bancaria, de las sociedades mercantiles, asociaciones, cooperativas,
comunidades, entidades o grupos, anteriormente citado, y además de empresa
individuales. Agencia o libre mediación de toda clase de contratos civiles,
mercantiles y administrativos, con sujeción a las normas y formalidades
legales, que sean aplicables, así como el desempeño de toda clase de comisiones
mercantiles, y el ostentar la representación de sociedades, empresas y firmas
españolas o extranjeras, de acuerdo con la Ley, y la realización de estudios de
mercado y planificación de cada uno de los productos, servicios o actividades
análogas a las expresadas en los diferentes apartados.
Latest employees figure: 9 (2012)
% of fixed employees: 88,89%
% of temporary employees: 11,11%
% of men: 50,00%
% of women: 50,00%
Employees
evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
5 |
5 |
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
GESTA INMOBILIARIA NUEVO SIGLO SL |
NO |
|
HIMACA PIEL SL |
NO |
|
PANPE SL |
NO |
|
BALPIEL DISEÑO Y MODA SL |
NO |
There are 4 Clients
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
3109 |
AV. DE ESPAÑA, 44 |
UBRIQUE |
Cádiz |
|
BANCO POPULAR ESPAÑOL, S.A. |
3045 |
INGENIERO RUIZ MARTINEZ, 30 Y 32 |
UBRIQUE |
Cádiz |
There are 2 bank entities registered
Discount facilities: 0
Credit policy: 0
Mortgage loan: 1
Loans with no real security: 0
|
|
|
|
Entity:BANCO POPULAR ESPAÑOL, S.A. Debt type:Mortgage loan Guarantee in a mortgage: Línea
ICO. |
Total outstanding amount:91.784,32 € Source: Filed
Accounts (2011) |
|
|
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There are 1 bank operations registered
Grants
|
|
|
|
Body-entity: SEGURIDAD SOCIAL Grant type: For
employees training Granting year: 2010 |
Nominal amount: 420,00 € Amount received in the
exercise: 420,00 € Amount pending collection:
0,00 € Source: Filed
Accounts (2010) |
|
Operation description: Ayudas a la formación. |
|
|
|
|
There are 1 grants registered
FORMER NAMES:
•
FABRICACION EXCLUSIVAS Y DIFUSION MARCAS SA
Brand name: YANCCI (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 04/12/2009
Brand name: FLAMENCO (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 08/10/2004
Brand name: ECCOLO (Valid)
Type: JOINT Scope: NATIONAL Date: 08/02/2002
Brand name: YANCCI PIEL ECOLOGICA (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 23/01/2001
Brand name: PULIDO (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 25/11/1999
There are 10 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 21/12/1985
Legal form: Joint-stock Company
Share capital: 67.924,30 €
Paid-up capital: 67.924,30 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E.
(OFFICIAL GAZETTE OF
THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 10 (Last: 14/06/2012, first:
25/07/1990)
Acts on capital: 2 (Last: 18/08/2008, first:
05/05/2004)
Acts on creation: 0
Acts on filed accounts: 21 (Last: 29/08/2011, first:
10/09/1991)
Acts on identification: 1 (Last: 03/12/1998)
Acts on Information: 1 (Last: 28/12/1992)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
14/06/2012 |
250834 |
Cádiz |
|
Resignations |
14/06/2012 |
250834 |
Cádiz |
|
Annual Filed Accounts (2010) |
29/08/2011 |
374242 |
Cádiz |
|
Annual Filed Accounts (2009) |
06/08/2010 |
284238 |
Cádiz |
|
Annual Filed Accounts (2008) |
14/09/2009 |
407936 |
Cádiz |
|
Capital enlargement (IA) |
18/08/2008 |
395962 |
Cádiz |
|
Annual Filed Accounts (2007) |
30/05/2008 |
157124 |
Cádiz |
|
Re-elections |
28/03/2008 |
165943 |
Cádiz |
|
Annual Filed Accounts (2006) |
14/09/2007 |
512609 |
Cádiz |
|
Annual Filed Accounts (2005) |
16/10/2006 |
739305 |
Cádiz |
There are 35 acts registered
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.60 |
|
UK Pound |
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.