MIRA INFORM REPORT
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Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
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Name : |
BABY KING DISEÑOS SL |
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Registered Office : |
Paseo Carretera, 32 - Piso 2
03501 Benidorm Alicante |
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Country : |
Spain |
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Date of Incorporation : |
01.01.2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees : |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
spain - ECONOMIC OVERVIEW
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 0.3% in 2010; GDP expanded 0.4% in 2011, before
contracting 1.4% in 2012. The economy has once again fallen into recession as
deleveraging in the private sector, fiscal consolidation, and continued high
unemployment weigh on domestic demand and investment, even as exports have
shown signs of resiliency. The unemployment rate rose from a low of about 8% in
2007 to 26.0% in 2012. The economic downturn has also hurt Spain''s public
finances. The government budget deficit peaked at 11.2% of GDP in 2010 and the
process to reduce this imbalance has been slow despite the central
government''s efforts to raise new tax revenue and cut spending. Spain reduced
its budget deficit to 9.4% of GDP in 2011, and roughly 7.4% of GDP in 2012,
above the 6.3% target negotiated between Spain and the EU. Although Spain''s
large budget deficit and poor economic growth prospects remain a source of
concern for foreign investors, the government''s ongoing efforts to cut
spending and introduce flexibility into the labor markets are intended to
assuage these concerns. The government is also taking steps to shore up the
banking system, namely by using up to $130 billion in EU funds to recapitalize
struggling banks exposed to the collapsed domestic construction and real estate
sectors.
|
Source
: CIA |
Company name
BABY KING DISEÑOS SL
CIF/NIF: B54547955
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: BABY KING DISEÑOS SL
Other names: NO
Current Address: PASEO CARRETERA, 32 - PISO
2
Branches: 1
Telephone number: 965865673 Fax: 966813241
Trade Risk
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Share capital: 3.000,00 €
Employees: 5
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 17/02/2011
Activity: Retail sale of clothes
NACE 2009 CODE: 4771
International Operations: Imports
Corporate Structure
Sole Administrator:
Other Complementary Information
Latest act published in BORME: 03/03/2011 Appointments
Latest press article: No press articles registered for this
company
Bank Entities: There are
Rating Explanation
Company Structure
The company’s capitalization degree determines that its structure
is weak.
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
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DATE |
CHANGE |
RESULTING NOTE |
EVENT |
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11/06/2013 |
Increase |
11 |
There has been a variation in the risk associated to the activity
sector of the company. |
|
30/11/2012 |
Equal |
9 |
There has been a change in the formula version. |
INCIDENTS 
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI -
SECTORIAL DEFAULTS OF PAYMENT
There is no information related to the nif/cif consulted in the in the
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT file
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
06/06/2013 14:06:41
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
ADDRESSES
Current Legal Seat Address:
PASEO CARRETERA, 32 - PISO 2
03501 BENIDORM ALICANTE
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE PRIVAT (LOCAL 7), 2 |
03509 |
FINESTRAT |
Alicante |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
03/03/2011)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
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SOLE ADMINISTRATOR |
LEYVA ROMERO, JOSE MANUEL |
03/03/2011 |
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There are 1 board members, directors and auditors registered
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”JOSE MANUEL LEYVA ROMERO”
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COMPANY |
POSITION |
PROVINCE |
|
OBRAS Y PROYECTOS JOMA SL. |
Administrador Único |
ALICANTE |
|
MARROQUINERIA LEYVA SL |
Administrador Único |
ALICANTE |
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PUERTAS Y TABLEROS LEYVA S.L. |
Administrador Único |
ALICANTE |
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SOLYMAR GARDEN SL. |
Administrador Único |
ALICANTE |
|
BALCON DE FLORIDA SL |
Administrador Único |
ALICANTE |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: "KING BABY DESIGNS
SL"
URL: www.tiendasdebebes.com
BABY KING |
KING BABY Baby
Articles: Baby Items
in the province of Alicante. Baby Items in Finestrat | Stores
Babies.
URL: www.tuctuc.com
Where to buy - Tuc Tuc KING BABY DESIGNS SL. PEPI
POLO ... ALICIA.
CHILDCARE Asturias SL. CARLITOS ...
JULIA WAREHOUSE MARBELLA,
SL. NANAS. DANUBE ...
URL: www.boe.es
Nbr-to-2011-43-03 - BOE.es, 3 Mar 2011
... (22.02.11). 95679 - KING BABY DESIGNS SL. Constitution.
Start of operation: 17.02.11. Purpose: 1. -
Construction, installations…
BUSINESS INFORMATION
Incorporation date: 17/02/2011
Establishment date: 01/01/2011
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Retail sale of clothes
NACE 2009 CODE: 4771
NACE 2009 Activity: Retail sale of clothing in specialised
stores
Business: 1. Construction, installation and maintenance.
Two. Mayory trade
by retail. Commercial
distribution. Import and export. Three.
Real estate activities. April. Professional Activities. May. Manufacturing industries and textiles. June. Tourism,
hotels and restaurants. July. Benefit
Activity description: Retail trade articles and garments puricultura
Latest employees figure: 5 (2013)
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 20%
Imports from: CEE
National Distribution: 80%
SALES
National Distribution: 100%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
0104 |
AV. MEDITERRANEO, 68 |
BENIDORM |
Alicante |
LEGAL STRUCTURE
Constitution Data
Register Date: 17/02/2011
Register town: Alicante
Announcement number: 95679
Register data:
Volume 3507, Folio 208, Section 8, Sheet 124385,
Inscription I/A 1 (2011-02-22)
Legal form: LIMITED LIABILITY COMPANY
Share capital: 3.000 €
Legal form: Limited Liability Company
Share capital: 3.000,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 1 (Last: 03/03/2011)
Acts on capital: 0
Acts on creation: 1 (Last: 03/03/2011)
Acts on filed accounts: 0
Acts on identification: 0
Acts on Information: 0
Latest acts in B.O.R.M.E.
Other acts
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ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
03/03/2011 |
95679 |
Alicante |
|
Constitution |
03/03/2011 |
95679 |
Alicante |
Press articles
No press articles registered for this company
FINANCIAL INFORMATION
MODEL BALANCE SHEET
As it has not been possible to obtain financial information of the
requested company we do hereby detail a model balance sheet of the same sector
with the characteristics of the company.
SITUATION BALANCE-SHEET
Assets
Figures given in €
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% ASSETS |
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A) NON CURRENT ASSETS |
104.705,16 |
72,13 |
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I. Intangible assets |
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II. Tangible fixed assets |
103.258,05 |
71,13 |
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III. Real-estate investments |
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IV. Long term investments in associated and affiliated companies |
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V. Long Term Financial Investments |
305,00 |
0,21 |
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VI. Assets by deferred taxes |
1.142,11 |
0,79 |
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VII. Non current commercial debts |
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B) CURRENT ASSETS |
40.456,17 |
27,87 |
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I. Stocks |
40.356,45 |
27,80 |
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II. Trade Debtors and other receivable accounts |
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III. Short term investments in associated and affiliated companies |
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IV. Short term financial investments |
99,72 |
0,07 |
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V. Short term periodifications |
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VI. Cash and equivalents |
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TOTAL ASSETS (A + B) |
145.161,33 |
100,00 |
Net Worth and Liabilities
Figures given in €
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% ASSETS |
|
A) NET WORTH |
5.914,76 |
4,07 |
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A-1) Equity |
5.914,76 |
4,07 |
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I. Capital |
10.500,00 |
7,23 |
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1. Authorized capital |
10.500,00 |
7,23 |
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II. Issue premium |
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III. Reserves |
708,18 |
0,49 |
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IV. (Net worth own shares and participations) |
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V. Results from previous years |
-4.384,38 |
-3,02 |
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VI. Other loans from partners |
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VII. Exercise Result |
-909,04 |
-0,63 |
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VIII. (Interim dividend) |
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A-2) Value changes adjustments |
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A-3) Received legacies, grants and subventions |
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B) NON CURRENT LIABILITIES |
52.939,71 |
36,47 |
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I. Long term provisions |
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II. Long term debts |
52.939,71 |
36,47 |
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1. Debts with bank entities |
52.939,71 |
36,47 |
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III. Long term debts with associated and affiliated companies |
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IV. Liabilities by deferred taxes |
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V. Long term periodifications |
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VI. Non current trade creditors |
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VII. Long term debts with special characteristics |
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C) CURRENT LIABILITIES |
86.306,86 |
59,46 |
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I. Short term provisions |
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II. Short term debts |
70.940,94 |
48,87 |
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3. Other short term debts |
70.940,94 |
48,87 |
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III. Short term debts with associated and affiliated companies |
|
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IV. Trade creditors and other payable accounts |
15.365,92 |
10,59 |
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1. Suppliers |
14.219,87 |
9,80 |
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b) Short term suppliers |
14.219,87 |
9,80 |
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2. Other creditors |
1.146,05 |
0,79 |
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V. Short term periodifications |
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VI. Short term debts with special characteristics |
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TOTAL NET WORTH AND LIABILITIES (A + B + C) |
145.161,33 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
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%OPERATING INCOME |
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1. Net Turnover |
61.572,26 |
100,00 |
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2. Variation in stocks of finished goods and work in progress |
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3. Works for its own assets |
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4. Supplies |
-45.248,03 |
-73,49 |
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5. Other operating income |
0,07 |
0,00 |
|
6. Labour cost |
-8.166,67 |
-13,26 |
|
7. Other operating costs |
-4.713,63 |
-7,66 |
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8. Amortization of fixed assets |
-2.302,58 |
-3,74 |
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9. Allocation of subventions on non financial investments and other |
|
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10. Provisions excess |
|
|
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11. Deterioration and result for fixed assets disposal |
17,01 |
0,03 |
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12. Other results |
|
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A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) |
1.158,43 |
1,88 |
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13. Financial income |
|
|
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14. Financial expenses |
-2.067,47 |
-3,36 |
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15. Reasonable value variation on financial instruments |
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16. Exchange differences |
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17. Deterioration and result for disposal of financial instruments |
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18. Other financial income and expenses |
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B) FINANCIAL RESULT (13 + 14 + 15 + 16 + 17 + 18) |
-2.067,47 |
-3,36 |
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C) RESULT BEFORE TAXES (A + B) |
-909,04 |
-1,48 |
|
19. Taxes on profits |
|
|
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D) EXERCISE RESULT (C + 19) |
-909,04 |
-1,48 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
For the financial statements presented under the SME’s model (PYMES),
the ‘Net Worth Changes Status’ is formed by a single table. For the rest of the
cases there would be shown the two tables corresponding to the mentioned status
with the exception of the company not having operations reflected in the
‘Status of recognized income and expenses’ and that, for this reason, it has no
data.
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 1 /2) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE |
10.500,00 |
708,18 |
-3.900,14 |
-484,24 |
|
I. Adjustments by change of criteria in the exercise |
|
|
|
|
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II. Adjustments by errors in the exercise |
|
|
|
|
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ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE |
10.500,00 |
708,18 |
-3.900,14 |
-484,24 |
|
I. Profit and loss account result |
|
|
|
-909,04 |
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II. Recognized income and expenses in net worth |
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III. Operations with partners or owners |
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IV. Other net worth variations |
|
|
-484,24 |
484,24 |
|
FINAL ACCOUNT BALANCE OF EXERCISE |
10.500,00 |
708,18 |
-4.384,38 |
-909,04 |
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NET WORTH CHANGES ( 2 /2) |
TOTAL |
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FINAL ACCOUNT BALANCE OF EXERCISE |
6.823,80 |
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I. Adjustments by change of criteria in the exercise |
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II. Adjustments by errors in the exercise |
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ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE |
6.823,80 |
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I. Profit and loss account result |
-909,04 |
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II. Recognized income and expenses in net worth |
|
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III. Operations with partners or owners |
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IV. Other net worth variations |
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FINAL ACCOUNT BALANCE OF EXERCISE |
5.914,76 |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.92 |
|
|
1 |
Rs.91.80 |
|
Euro |
1 |
Rs.78.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.