MIRA INFORM REPORT

 

 

Report No. :

340310

Report Date :

11.09.2015

 

IDENTIFICATION DETAILS

 

Name :

JOSE ANTONIO FERRĀNDEZ SANTOS - DIAMA

 

 

Registered Office :

P.I. Alberca C/ Bolulia, 28 Centro Comercial Los Ángeles Planta Alta Local 46 - La Nucia - Alicante

 

 

Country :

Spain

 

 

Financials (as on) :

2014 (Estimation)

 

 

Date of Incorporation :

01.01.2002

 

 

Legal Form :

Proprietorship / Self-employed

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

No. of Employees :

1

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Concern

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Spain

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SPAIN - ECONOMIC OVERVIEW

 

After experiencing a prolonged recession in the wake of the global financial crisis that began in 2008, in 2014 Spain marked the first full year of positive economic growth in seven years, largely due to increased private consumption. At the onset of the global financial crisis Spain's GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. In 2013 the government successfully shored up struggling banks - exposed to the collapse of Spain's depressed real estate and construction sectors - and in January 2014 completed an EU-funded restructuring and recapitalization program.

Until 2014, credit contraction in the private sector, fiscal austerity, and high unemployment weighed on domestic consumption and investment. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, but labor reforms prompted a modest reduction to 23.7% in 2014. High unemployment strained Spain's public finances, as spending on social benefits increased while tax revenues fell. Spain’s budget deficit peaked at 11.4% of GDP in 2010, but Spain gradually reduced the deficit to just under 7% of GDP in 2013-14, slightly above the 6.5% target negotiated between Spain and the EU. Public debt has increased substantially – from 60.1% of GDP in 2010 to more than 97% in 2014.

Exports were resilient throughout the economic downturn and helped to bring Spain's current account into surplus in 2013 for the first time since 1986, where it remained in 2014. Rising labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have helped to improve foreign investor interest in the economy and positive FDI flows have been restored.

The government's efforts to implement labor, pension, health, tax, and education reforms - aimed at supporting investor sentiment - have become overshadowed by political activity in 2015 in anticipation of the national parliamentary elections in November. Spain’s 2015 budget, published in September 2014, rolls back some recently imposed taxes in advance of the elections and leaves untouched the country’s value-added tax (VAT) regime, which continues to generate significantly lower revenue than the EU average. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and despite the recent uptic in economic activity, inflation has dropped sharply, from 1.5% in 2013 to nearly flat in 2014.

 

Source : CIA

 

 

EXECUTIVE SUMMARY

 

Name

JOSE ANTONIO FERRĀNDEZ SANTOS - DIAMA

NIF / Fiscal code:

25130554H

Legal form:

Proprietorship / Self-employed

Status:

Active

Location:

P.I. ALBERCA C/ BOLULIA, 28 CENTRO COMERCIAL LOS ÁNGELES PLANTA ALTA LOCAL 46 - LA NUCIA - ALICANTE

Telephone:

629166512

Activity:

 

NACE:

4642 - Wholesale of clothing and footwear

Size:

Small

Commercial scope:

Local

Import / export:

Import: Yes, Export: No

 

Employees:

 

.

Financial Year

Number of Employees

 

.

 

2015

1

 

 

Legal Claims:

No

Business trend:

Favourable

Prospects:

Business Consolidation

Industry situation:

Maturity

 

Economic-financial data

 

.

Financial Year

Turnover

 

.

 

2014

250000

 

 

Total investments:

92000

Unit:

Euros

Guarantees:

 

INVESTIGATION SUMMARY

 

It is an individual Business, carried out by Mr. Ferrāndez since 2002. \par  \par It is dedicated to the wholesale of Moroccan items and leathers till the present time. It has good reputation amongst consulted references.  \par  \par In light of the above, we consider that is possible to maintain relations with the business for credits according to its structure.

 

 

Enquiry Details

 

NIF / Fiscal code

25130554H

Name

JOSE ANTONIO FERRANDEZ SANTOS

Address

CL BOLULIA 28

City

LA NUCIA

Province

ALICANTE

Postcode

03530

Telephone

000000000

 

 

IDENTIFICATION

 

Company name / Name of the subject

JOSE ANTONIO FERRĀNDEZ SANTOS

Acronym

DIAMA

Legal form

Proprietorship / Self-employed

NIF / Fiscal code

25130554H

Status

Active

Start of activity

01/01/2002

Name of the maximum responsible

JOSE ANTONIO FERRĀNDEZ SANTOS

Position of the maximum responsible

TITULAR FISCAL

Professional address

P.I. ALBERCA C/ BOLULIA, 28 CENTRO COMERCIAL LOS ÁNGELES PLANTA ALTA LOCAL 46

City

LA NUCIA

Province

ALICANTE

Postcode

03530

Telephone

629166512

Website

www.diama.es

Private address

OTHER TELEPHONE NUMBER: 966896419

 

 

ACTIVITY

 

NACE

4642

Description of the NACE code

Wholesale of clothing and footwear

Comment about the activity

Wholesale of Moroccan items and leather.

Franchise

No

% Local commercial scope

100%

Business size

Small

Import

Yes

Export

No

Industry situation

Maturity

Business trend

Favourable

Prospects

Business Consolidation

 

 

Employees

 

Year

 

Number of Employees

 

Fixed employees %

 

Part time employees %

2015

1

 

 

 

The owner is on the head of the company, proceeded with a freelancer.

 

 

LEGAL CLAIMS

 

According to official sources, there are no legal claims registered under the subject's name

 

 

REFERENCES

 

Banks

Bank name

Branch

Address

Telephone

CAJAMAR

 

LA NUCIA

 

BANCO SANTANDER

 

LA NUCIA

 

 

 

Clients

--

 

 

Suppliers

 

Name

NIF / Fiscal code

Telephone

Fax

% about purchases

CANPIEL

 

 

 

%

CREACIONES FINA SL

 

 

 

%

 

 

FINANCIAL DATA 2014 (Estimation)

 

Data in: Thousand of euros

 

ASSETS

 

LIABILITIES

Tangible fixed assets

 

 

Capital

 

Transport

 

 

Long term creditors

 

Machinery and fittings

20

 

Long term debts with Banks

 

Buildings and constructions

 

 

Short term creditors

27

Intangible fixed assets

 

 

Short term debts with credit entities

 

Stock

38

 

OWN FUNDS

65

Debtors

16

 

 

 

Cash

18

 

 

 

TOTAL ASSETS

92

 

TOTAL LIABILITIES

92

WORKING CAPITAL

 

 

 

 

 

 

SALES EVOLUTION

 

Financial Year

 

 

 

 

Financial Year

 

 

 

 

Financial Year 2014

 

250

 

 

According to consulted references, the financial situation of the business is considered normal.

 

 

SOCIAL BODIES OF MERCANTILE COMPANIES

--

 

 

SHAREHOLDER

--

 

 

INVESTIGATION SUMMARY

 

It is an individual Business, carried out by Mr. Ferrāndez since 2002. \par  \par It is dedicated to the wholesale of Moroccan items and leathers till the present time. It has good reputation amongst consulted references.  \par  \par In light of the above, we consider that is possible to maintain relations with the business for credits according to its structure.

 

 

CONSULTED SOURCES

 

Investigation, Board of Administration (according to registry), Public institution, Chamber of Commerce, Internal/external DB, Subject

 

 

INTERVIEWED PERSON 

 

SR. FERRĀNDEZ 629166512

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.58

UK Pound

1

Rs.102.29

Euro

1

Rs.74.71

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TRU

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.