MIRA
INFORM REPORT
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Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
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Name : |
PILAR PRIETO GUMIEL SL |
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Registered Office : |
C/ Aguacate, 21 Planta Primera Naves 5 Y 6., Madrid, 28044 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1999 |
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Com. Reg. No.: |
B82249350 |
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Legal Form : |
Private Independent |
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Line of Business : |
Retail sale via stalls and markets of
textiles, clothing and footwear |
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No. of Employees : |
100 |
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 : |
Slow but correct |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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
Spain experienced a prolonged
recession in the wake of the global financial crisis. GDP contracted by 3.7% in
2009, ending a 16-year growth trend, and continued contracting through most of
2013. Economic growth resumed in late 2013, albeit only modestly, as credit
contraction in the private sector, fiscal austerity, and high unemployment
continued to weigh on domestic consumption and investment. Exports, however,
have been resilient throughout the economic downturn, partially offsetting
declines in domestic consumption and helped to bring Spain's current account
into surplus in 2013 for the first time since 1986. The unemployment rate rose
from a low of about 8% in 2007 to more than 26% in 2013, straining Spain's
public finances as spending on social benefits increased while tax revenues
fell. Spain's budget deficit peaked at 11.1% of GDP in 2009. Spain gradually
reduced the deficit to 6.8% of GDP in 2013, slightly above the 6.5% target
negotiated between Spain and the EU. Public debt has increased substantially -
from 70.4% in 2010 to 93.7% in 2013. Rising labor productivity, moderating
labor costs, and lower inflation have helped to improve foreign investor
interest in the economy and to reduce government borrowing costs. The
government's ongoing efforts to implement reforms - labor, pension, health,
tax, and education - are aimed at supporting investor sentiment. The government
also has shored up struggling banks exposed to Spain's depressed domestic
construction and real estate sectors by successfully completing an EU-funded
restructuring and recapitalization program in December 2013.
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Source
: CIA |
Company name and address
PILAR PRIETO GUMIEL SL
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Business Description
Retail sale via stalls and markets of
textiles, clothing and footwear
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
4782 -
Retail sale via stalls and markets of textiles, clothing and footwear |
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NACE Rev 2: |
4782 -
Retail sale via stalls and markets of textiles, clothing and footwear |
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NAICS 2012: |
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UK SIC 2007: |
4782 -
Retail sale via stalls and markets of textiles, clothing and footwear |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Garcia Callejo Francisco |
Commercial Manager, Financial Director |
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Prieto Gumiel Maria Pilar |
Administrator |
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Maria Isabel Garcia Rodriguez |
Joint Attorney |
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Pilar Prieto Gumiel |
Joint Attorney |
Registered No.(ESP): B82249350
1 - Profit & Loss Item Exchange Rate: USD
1 = EUR 0.7643046
2 - Balance Sheet Item Exchange Rate: USD 1 =
EUR 0.7569391
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ANZSIC 2006 Codes: |
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4310 |
- |
Non-Store Retailing |
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ISIC Rev 4 Codes: |
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4782 |
- |
Retail sale via stalls and markets of textiles, clothing and footwear |
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NACE Rev 2 Codes: |
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4782 |
- |
Retail sale via stalls and markets of textiles, clothing and footwear |
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NAICS 2012 Codes: |
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454390 |
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Other Direct Selling Establishments |
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US SIC 1987: |
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596 |
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Nonstore Retailers |
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UK SIC 2007: |
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4782 |
- |
Retail sale via stalls and markets of textiles, clothing and footwear |
Retail sale via stalls and markets of textiles, clothing and footwear
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Executives Report
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Executives |
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Administrator |
Administration Executive |
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Commercial Manager, Financial Director |
Finance Executive |
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Joint Attorney |
Legal Executive |
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Joint Attorney |
Legal Executive |
Annual Profit & Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate (Period Average) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Charges |
14.7 |
16.3 |
14.2 |
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Staff Costs |
3.2 |
3.3 |
2.6 |
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Wages and Salaries |
2.4 |
2.5 |
2.0 |
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Social Security Costs |
0.7 |
0.8 |
0.6 |
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Depreciation |
0.1 |
0.1 |
0.2 |
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Other Operating Charges |
3.2 |
3.5 |
2.9 |
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Operating Benefits |
0.1 |
0.4 |
0.7 |
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Financials and Similar Charges |
0.1 |
0.1 |
0.0 |
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Due to Liabilities
With Group Companies |
- |
- |
0.0 |
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Due to Other
Liabilities |
0.1 |
0.1 |
0.0 |
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Changes in Financial Investment Provisions |
- |
- |
0.0 |
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Profit From Ordinary Activities |
0.0 |
0.4 |
0.7 |
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Losses From Assets and Securities Portfolio |
0.0 |
0.1 |
- |
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Extraordinary Profit |
0.1 |
- |
0.1 |
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Profit Before Taxes |
0.1 |
0.3 |
0.8 |
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Corporation Tax |
0.0 |
0.1 |
0.3 |
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Financial Year Result (Profit) |
0.0 |
0.2 |
0.6 |
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Income |
14.7 |
16.6 |
14.8 |
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Net Total Sales |
14.6 |
16.5 |
14.6 |
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Negative Financial Results |
0.0 |
0.0 |
0.0 |
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Profit on Disposal of Assets |
- |
- |
0.0 |
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Extraordinary Income |
0.1 |
- |
0.1 |
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Negative Extraordinary Results |
- |
0.1 |
- |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Total Intangible Fixed Assets |
0.1 |
0.1 |
0.1 |
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Total Tangible Fixed Assets |
1.2 |
1.2 |
1.0 |
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Financial Investments |
0.3 |
0.3 |
0.2 |
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Total Fixed Assets |
1.5 |
1.6 |
1.3 |
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Total Stocks |
2.1 |
1.8 |
1.7 |
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Total Debtors |
0.4 |
0.5 |
1.1 |
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Cash |
1.4 |
1.2 |
1.4 |
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Total Current Assets |
3.8 |
3.6 |
4.2 |
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Total Assets |
5.4 |
5.1 |
5.5 |
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Total Reserves |
2.4 |
2.2 |
2.4 |
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Profit or Loss for the Financial Year |
0.0 |
0.2 |
0.6 |
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Total Equity |
2.5 |
2.4 |
2.9 |
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Total Short Term Creditors |
2.9 |
2.7 |
2.6 |
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Total Liabilities and Equity |
5.4 |
5.1 |
5.5 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.17 |
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1 |
Rs.99.39 |
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Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.