MIRA INFORM REPORT

 

 

 

 

Report Date :

28.02.2014

 

IDENTIFICATION DETAILS

 

Name :

GIOSEPPO SL

 

 

Registered Office :

C/ Marie Curie, 38 - Elche Parque Empresarial Elche, 03295

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

1990

 

 

Com. Reg. No.:

B03503034

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Manufacture of footwear

 

 

No. of Employees :

57

 

 

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)

Spain

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 and address

 

GIOSEPPO SL

                                                                                                                                                                    

 

C/ Marie Curie, 38 - Elche Parque Empresarial

Elche, 03295

Spain

 

Tel:

+(34) 902407408

 

www.gioseppo.com

 

Employees:

57

Company Type:

Private Independent

Incorporation Date:

1990

Auditor:

Francisco Manuel Gonzalvez Albero

Financials in:

USD (In Millions)

Fiscal Year End:

14-Nov-2012

Reporting Currency:

Euro

Annual Sales:

34.9  1

Net Income:

1.2

Total Assets:

19.1

 

 

Business Description

 

 

Manufacture of footwear

 

 

Industry

 

Industry

Footwear

ANZSIC 2006:

1352 - Footwear Manufacturing

NACE 2002:

1930 - Manufacture of footwear

NAICS 2002:

31621 - Footwear Manufacturing

UK SIC 2003:

1930 - Manufacture of footwear

UK SIC 2007:

1520 - Manufacture of footwear

US SIC 1987:

314 - Footwear, Except Rubber

 

 

Key Executives

 

Name

Title

Naper-Inmo Sl

Single Partner

Navarro Pertusa Jose Miguel

Administrator

 

Registered No.(ESP): B03503034

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7764266
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7864072

 

 

 

Corporate Overview

 

Location
C/ Marie Curie, 38 - Elche Parque Empresarial
Elche, 03295
Spain

 

Tel:

+(34) 902407408

 

www.gioseppo.com

Sales EUR(mil):

27.1

Assets EUR(mil):

15.0

Employees:

57

Fiscal Year End:

14-Nov-2012

 

Industry:

Footwear

Incorporation Date:

1990

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(ESP):

B03503034

 

Single Partner:

Naper-Inmo Sl

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1352

-

Footwear Manufacturing

 

NACE 2002 Codes:

1930

-

Manufacture of footwear

 

NAICS 2002 Codes:

31621

-

Footwear Manufacturing

 

US SIC 1987:

314

-

Footwear, Except Rubber

 

UK SIC 2003:

1930

-

Manufacture of footwear

 

UK SIC 2007:

1520

-

Manufacture of footwear

 

 

Business Description

 

Manufacture of footwear

 

 

Financial Data

 

Financials in:

EUR(mil)

Revenue:

27.1

Net Income:

0.9

Assets:

15.0

Current Assets:

12.2

Fixed Assets:

2.8

Long Term Debt:

1.0

Total Liabilities:

15.0

Issued Capital:

0.0

Net Worth:

7.4

Date of Financial Data:

14-Nov-2012

1 Year Growth

-8.8%

NA

NA

 

 

 

Branch Offices

 

Location
Calle Serrano 11
Alicante, 03003

 

Tel:

+(34) 965120332

Location
Calle Almorida 2
Elche, 03203

 

Tel:

+(34) 965423234

Location
Calle De Llevant 9
Orpi, 08019

 

Tel:

+(34) 972154034

Location
Calle De Las Dunas 53
Sanlucar De Barrameda, 11540

 

Tel:

+(34) 956964124

Location
Calle Conde De Salvatierra 18
Valencia, 46004

 

Tel:

+(34) 963106424

 

Key Corporate Relationships

 

Auditor:

Francisco Manuel Gonzalvez Albero

Bank:

Banco Bilbao Vizcaya Argentaria, S.A.

Auditor:

Francisco Manuel Gonzalvez Albero

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

Navarro Pertusa Jose Miguel

Administrator

Director/Board Member

 

Executives

 

Name

Title

Function

Navarro Pertusa Jose Miguel

Administrator

Administration Executive

Naper-Inmo Sl

Single Partner

Partner

 

 

Annual Profit & Loss

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.71919

0.755078

0.719047

Consolidated

No

No

No

 

 

 

 

Charges

37.6

38.2

32.4

    Supplies

21.0

21.0

18.6

        Goods Consumption

20.7

20.9

18.5

        Consumption of Raw Materials

0.3

0.1

0.1

    Staff Costs

2.1

1.6

1.4

        Wages and Salaries

1.6

1.2

1.1

        Social Security Costs

0.5

0.3

0.3

    Depreciation

0.6

0.5

0.3

    Allowance for Trade Operations

0.4

0.1

0.1

        Losses from Unrecovered Receivables

0.4

0.1

0.1

    Other Operating Charges

12.5

12.6

10.5

        External Services

12.5

12.5

10.3

        Taxes

0.0

0.0

0.0

        Other Operating Expenses

0.0

0.1

0.1

Operating Benefits

1.3

3.8

3.5

    Financials and Similar Charges

0.4

0.3

0.4

        Due to Liabilities With Group Companies

0.3

0.1

0.1

        Due to Other Liabilities

0.1

0.2

0.3

        Losses from Financial Investments

0.0

0.0

-

    Changes in Financial Investment Provisions

0.2

1.3

-

    Exchange Losses

0.1

-

-

Net Financial Income

0.2

-

0.3

Profit From Ordinary Activities

1.5

2.5

3.8

    Changes in Provisions for Assets

0.0

0.0

-

    Losses From Assets and Securities Portfolio

-

-

0.0

Extraordinary Profit

0.0

0.1

0.0

Profit Before Taxes

1.5

2.6

3.8

    Corporation Tax

0.3

0.8

1.1

Financial Year Result (Profit)

1.3

1.9

2.7

Income

38.8

40.1

35.1

    Net Total Sales

37.7

39.3

33.9

        Sales

38.3

40.0

34.5

        Sales Refunds

-0.6

-0.6

-0.6

    Increase in Stocks

-

-

0.1

    Miscellaneous Operating Income

0.2

0.2

0.3

        Auxiliary Income From Current Management

0.1

0.1

0.1

        Grants

0.1

0.1

0.2

    Income From Equity Investment

0.7

-

-

        In Group Companies

0.7

-

-

    Income From Miscellaneous Interests

0.2

0.2

0.3

        From Group Companies

-

-

0.0

        Miscellaneous Interests

0.2

0.2

0.2

        Profit on Financial Investment

-

-

0.1

    Gains from Exchange Rate

-

0.2

0.5

Negative Financial Results

-

1.2

-

    Profit on Disposal of Assets

0.0

0.0

-

    Extraordinary Income

0.0

0.1

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.770327

0.745406

0.696986

Consolidated

No

No

No

 

 

 

 

        Research and Development Costs

-0.1

-

-

        Software

0.4

0.1

0.0

        Payments on Account

-

-

0.0

    Total Intangible Fixed Assets

0.3

0.1

0.0

        Land and Construction

0.2

0.3

0.4

        Technical Installations and Machinery

1.0

1.1

1.2

        Other Installations, Tools, and Furniture

0.8

0.9

0.9

        Other Tangible Assets

1.1

1.2

1.3

    Total Tangible Fixed Assets

3.1

3.4

3.8

        Investments in Group Companies

0.0

0.0

0.0

        Long-Term Securities Portfolio

0.1

0.1

0.0

        Other Receivables

-

-

0.8

        Long-Term Guarantees and Deposits

0.1

0.1

-

    Financial Investments

0.2

0.3

0.8

Total Fixed Assets

3.6

3.8

4.6

        Goods for Resale

2.9

2.5

1.5

        Payments on Account

0.8

0.6

0.4

    Total Stocks

3.7

3.1

1.9

        Trade Debtors

5.9

7.0

3.9

        Public Bodies

2.3

1.6

0.7

    Total Debtors

8.3

8.7

4.6

        Short-Term Securities Portfolio

0.2

0.2

0.3

        Other Receivables

-

-

0.0

        Short-Term Guarantees and Deposits

0.2

0.1

1.2

    Total Short-Term Investments

0.4

0.3

1.6

    Cash

3.5

3.3

3.7

    Prepayments and Accrued Income

0.1

0.1

-

Total Current Assets

15.9

15.5

11.8

Total Assets

19.5

19.3

16.5

        Legal Reserve

0.0

0.0

0.0

        Miscellaneous Reserves

8.4

6.9

5.3

    Total Reserves

8.4

6.9

5.3

    Profit or Loss for the Financial Year

1.2

2.0

2.8

Total Equity

9.6

8.9

8.1

        Loans and Other Liabilities

1.0

1.3

1.7

    Total Amounts Owed to Credit Institutions

1.0

1.3

1.7

        Long-Term Payables to Public Bodies

0.3

0.2

0.1

    Total Other Creditors

0.3

0.2

0.1

Total Long Term Liabilities

1.3

1.5

1.8

        Loans and Other Liabilities

1.3

2.0

0.4

    Total Amounts Owed to Credit Institutions

1.3

2.0

0.4

        Amounts Owed to Group Companies

4.4

4.3

1.1

    Total Short-Term Amounts Owed to Group and Associa

4.4

4.3

1.1

        Advanced Payments from Customers

0.0

0.0

0.0

        Amounts Owed for Purchases of Goods or Services

1.6

2.4

5.0

    Total Trade Creditors

1.6

2.5

5.0

        Public Bodies

0.1

0.1

0.1

        Wages and Salaries Payable

0.0

-

-

    Total Other Creditors

0.1

0.1

0.1

Total Short Term Creditors

7.3

8.9

6.6

Short Term Provisions for Liabilities and Charges

1.2

-

-

Total Liabilities and Equity

19.5

19.3

16.5

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.94

UK Pound

1

Rs.103.31

Euro

1

Rs.85.11

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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