3decades

MIRA INFORM REPORT

Report No. :	506467
Report Date :	07.05.2018

IDENTIFICATION DETAILS

Name :	JOSÉ ANTONIO FERRÁNDEZ SANTOS - DIAMA

Registered Office :	Bolubia, 28 - La Nucia - Alicante

Country :	Spain

Date of Incorporation :	01.01.2002

Legal Form :	Proprietorship

Line of Business :	Retail sale of footwear and leather goods in specialised stores

No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Slow

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Spain

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

SPAIN - ECONOMIC OVERVIEW

After a prolonged recession that began in 2008 in the wake of the global financial crisis, Spain marked the fourth full year of positive economic growth in 2017, with economic activity surpassing its pre-crisis peak, largely because of increased private consumption. The financial crisis of 2008 broke 16 consecutive years of economic growth for Spain, leading to an economic contraction that lasted until late 2013. In that year, the government successfully shored up its struggling banking sector - heavily exposed to the collapse of Spain’s real estate boom - with the help of an EU-funded restructuring and recapitalization program.

Until 2014, contraction in bank lending, fiscal austerity, and high unemployment constrained 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 16.4% in 2017. 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 about 3.3% of GDP in 2017. Public debt has increased substantially – from 60.1% of GDP in 2010 to nearly 96.7% in 2017.

Strong export growth helped bring Spain's current account into surplus in 2013 for the first time since 1986 and sustain Spain’s economic growth. Increasing labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have improved Spain’s export competitiveness and generated foreign investor interest in the economy, restoring FDI flows.

In 2017, the Spanish Government’s minority status constrained its ability to implement controversial labor, pension, health care, tax, and education reforms. The European Commission expects the government to meet its 2017 budget deficit target and anticipates that expected economic growth in 2018 will help the government meet its deficit target. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and increased economic activity has generated a modest level of inflation, at 2% in 2017.

Source : CIA

EXECUTIVE SUMMARY

Name

JOSÉ ANTONIO FERRÁNDEZ SANTOS - DIAMA

NIF / Fiscal code:

25130554H

Legal form:

Proprietorship / Self-employed

Status:

Active

Location:

BOLUBIA, 28 - LA NUCIA - ALICANTE

Telephone:

629166512

Number of Branches:

Activity:

NACE:

4772 - Retail sale of footwear and leather goods in specialised stores

Size:

Small

Commercial scope:

Provincial

Import / export:

Import: No, Export: No

Legal Claims:

Economic-financial data

Financial Year

Turnover

Unit:

Euros

Guarantees:

Branch ownership:

1 in right of property 0 in renting premises

INVESTIGATION SUMMARY

The Company was incorporated as an individual Business, developed by Mr. Fernández, since 2002. \par It is engaged in the wholesale and retail sale of leather goods and to date it is well-considered among the consulted sources. \par According to all this information, commercial relations can be envisaged in normal credit operations.

Enquiry Details

NIF / Fiscal code

25130554H

Name

JOSE ANTONIO FERRANDEZ SANTOS DIAMA

Address

CL BOLULIA 28

City

LA NUCIA

Province

ALICANTE

Postcode

03530

Telephone

000000000

IDENTIFICATION

Company name / Name of the subject

JOSÉ ANTONIO FERRÁNDEZ 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

JOSÉ ANTONIO FERRÁNDEZ SANTOS

Position of the maximum responsible

TITULAR FISCAL

Professional address

BOLUBIA, 28

City

LA NUCIA

Province

ALICANTE

Postcode

03530

Telephone

629166512

Fax

966895768

Website

www.diama.es

Private address

OTHER CONTACT PHONE: 865062475

Branch Offices

Branch

Used for / as

Type of premises

COMERCIAL LOS ÁNGELES PLANTA ALTA 46 LA NUCIA (ALICANTE)

LOCAL COMERCIAL Y ALMACÉN

Owned

ACTIVITY

NACE

4772

Description of the NACE code

Retail sale of footwear and leather goods in specialised stores

Comment about the activity

Wholesale and retail sale of leather goods.

Franchise

% Provincial commercial scope

100%

Business size

Small

Import

Export

No employees

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 SABADELL

LA NUCIA

Clients

---

Suppliers

Name

NIF / Fiscal code

Telephone

Fax

% about purchases

CREACIONES ENA

SANTIE

FINANCIAL DATA 2017 (Estimation)

According to the consulted sources, it is estimated an investment in the order of 70,000 euros, as well as a turnover of the order of 150-200,000 euros.

INVESTIGATION SUMMARY

INTERVIEWED PERSON

MR. FERRÁNDEZ

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.77
UK Pound	1	INR 90.58
Euro	1	INR 79.97
Euro	1	INR 80.16

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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