MIRA
INFORM REPORT
|
Report Date : |
23rd
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
ISOPAN
IBERICA S.L. |
|
|
|
|
Registered Office : |
Poligono Ind Constanti Av De Les
Puntes, 23 |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31/12/2004 |
|
|
|
|
Date of Incorporation : |
07/02/2001 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers of builders carpentry & joinery
of metals |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name
ISOPAN
IBERICA S.L.
TAX NUMBER
B62492012
Identification and
Characteristics
|
Tax
Number |
B62492012 |
|
NAME |
ISOPAN IBERICA
S.L. |
|
BUSINESS
ADDRESS |
POLIGONO
IND CONSTANTI AV DE LES PUNTES, 23 |
|
Postcode |
43120
CONSTANTI (TARRAGONA) |
|
FORMER
ADDRESS |
CALLE
MUNTANER, 250 |
|
Postcode |
08021
BARCELONA (BARCELONA) |
|
TELEPHONE |
977524546 |
|
FAX |
977524597 |
|
LEGAL
FORM |
LIMITED LIABILITY
COMPANY |
|
DATE
FOUNDED |
07/02/2001 |
|
CAPITAL |
2.000.000,00 Euros |
|
NUMBER
OF EMPLOYEES |
51 |
|
BANKS |
B
POPULAR.REUS; |
|
ACTIVITY |
1314100 - Mfg.
of builders carpentry & joinery of metals |
|
CNAE |
2812 - Manufacture
of builders’ carpentry and joinery of metal |
|
EXPORT
COMPANY |
YES |
|
IMPORT
COMPANY |
YES |
Synthesis
|
||
|
FINANCIAL
SITUATION |
||
|
|
|
|
|
PROFITABILITY |
|
5/9 Medium |
|
TREASURY |
|
9/9 Excellent |
|
BALANCE
SHEET |
|
9/9 Excellent |
|
DEBT |
|
5/9 Important |
|
INCIDENTS |
||
|
|
|
|
|
COMMITMENTS |
|
9/9 Respected |
|
INCIDENTS |
|
9/9 None
or Negligible |
|
PREVIOUS
EXPERIENCE |
||
|
|
|
|
|
PREVIOUS
EXPERIENCE |
|
9/9 Very
favourable |
Credit Appraisal
|
CREDIT ACCORDING
TO OBJECTIVE DATA (From 0 to 500.000,00 Euros): |
|
FAVOURABLE
TOWARDS 440.000,96 Max. |
|
SOLVENCY RATING: |
|
17/20 (BASED
ON HOMOGENEOUS FORMULATION) |
|
|
|
|
Financial Elements
Figures given in
Euros
|
|
Year 2.002 |
Balance
sheet 2.003 (12) |
Balance
sheet 2.004 (12) |
%
Sales |
|
SALES |
21.528.710,35 |
23.816.676,70 |
27.620.773,42 |
|
|
ADDED VALUE |
|
2.691.902,04 |
3.696.584,83 |
13,38 |
|
BUSINESS RESULT |
512.392,87 |
157.502,04 |
558.187,32 |
2,02 |
|
OWN FUNDS |
|
2.478.569,52 |
3.036.756,84 |
|
|
DEBT |
|
14.463.775,14 |
13.106.358,40 |
|
|
TOTAL ASSET |
|
17.114.665,17 |
16.251.853,19 |
|
|
The sales of
27.620.773,42 Euros show a change of 15,97%
compared with 2.003 . Between 2.002 and
2.003 , this change was 10,63% . |
||||
|
Added value grew
by 37,32% compared with the previous year. Shareholders equity
are 3.036.756,84 Euros for an indebtedness of
13.106.358,40 Euros . |
||||
|
The result
558.187,32 Euros means financial profitability of
18,38% and economic profitability of 3,43% . This
result means growth of 254,40% compared with the
2.003 . |
||||
|
|
||||
|
THE FIGURES FOR
THE LAST BALANCE SHEET ARE RELEVANT: |
||||
|
SOURCE: FROM
THE MERCANTILE REGISTER |
||||
|
DATE: 05/09/2005 |
||||
|
|
||||
|
Auditors’
opinion: |
||||
|
FAVOURABLE
(2.004) |
||||
|
|
||||
|
Auditors: |
||||
|
PKF-AUDIEC SA |
||||
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.004) |
|
|
|
%
of PRODUCTION VALUE |
|
|
|
|
SALES |
100,00 |
99,27 |
0,73 |
|
ADDED
VALUE |
13,38 |
26,09 |
-12,71 |
|
BUSINESS
RESULT |
2,02 |
4,61 |
-2,59 |
|
%
OF TOTAL ASSETS |
|
|
|
|
OWN
FUNDS |
18,69 |
36,07 |
-17,38 |
|
DEBT |
80,65 |
63,93 |
16,72 |
Compared sector
(CNAE): 281 - Fabricación de elementos metálicos para la
construcción
Number of
companies: 115
Size (Sales
Figure): 7.000.000,00 - 40.000.000,00 Euros
The turnover of the
company is 0,73% above the mean for the sector.
The company’s added
value was 13,38% s/ the production value, and 12,71% below the mean
for the sector.
The company’s
business result was 2,02% of the PV, 2,59% below the mean for the
sector.
The company’s own
resources are 18,69% , 17,38% below the mean for the sector.
The company’s
outside resources are 80,65% , 16,72% above the mean for the
sector.
Legal Actions
|
No legal
incidences registered for this company in the official source |
|
No claims
registered for this company in the official sources |
|
AFFECTED
BY: 1 Company / Companies in Insolvency Proceedings |
Main Board members, Directors and
Auditor
|
Position |
Surname and name |
Date
of appointment |
|
SOLE
ADMINISTRATOR |
FLORIANI LUCA |
30/10/2001 |
|
AUDITOR |
PKF AUDIEC
SOCIEDAD ANONIMA |
23/01/2003 |
Financial Links
|
Shareholders |
||||
|
Company Name |
CIF/Country |
Percent. |
Source |
Information Date |
|
ISOPAN SPA |
ITALIA |
100,00%
|
OWN SOURCES |
25/05/2006 |
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice
Num. |
Mercantile
Reg. |
|
Resignations |
17/05/2006 |
252149 |
TARRAGONA |
|
Registration of
accounts (2004) |
09/08/2005 |
198477 |
TARRAGONA |
|
Registration of
accounts (2003) |
20/07/2004 |
162853 |
TARRAGONA |
|
Registration of
accounts (2002) |
08/06/2003 |
153338 |
TARRAGONA |
|
Appointments |
23/01/2003 |
026285 |
TARRAGONA |
Press articles
|
|
||
|
10/11/2001 |
EL P. CATALUNYA |
BRANCHES
INFORMATION |
|
LA FIRMA ITALIANA
ISOPAN HA ABIERTO UN NUEVO CENTRO DE DISTRIBUCION EN CONS TANTI, CON UNA
INVERSION DE 2.163 MM. DE PTAS. (13 MM. DE EUROS). EN DICHO CENTRO TRABAJARAN
50 TRABAJADORES. |
||
Complementary Information
|
El balance
cerrado a 31/12/2002 (Deposito 2003) esta disponible en |
|
INFORMA, pero no
ha sido cargado por presentar en sus cuentas la |
|
siguiente
anomalia: El resultado de explotacion es diferente al |
|
calculo de los
Ingresos de Explotacion menos los Gastos de Explotacion |
|
18/03/03.BLOQUE
DE INVESTIGACION: |
|
La actividad
concreta es la fabricacion de paneles de asilamientos en |
|
estructuras
metalicas. |
|
El titular
realiza operaciones intracomunitarias de compra y venta. |
|
Establecimientos |
|
Local en
alquiler. |
|
---------------------------------------------------------------------- |
|
El Bloque de
Investigacion no esta sujeto a actualizaciones sistemati- |
|
cas.Los datos
mostrados fueron aportados por las fuentes consultadas |
|
en la fecha del
encabezamiento. |
Remarks for customer
Here is our final
report.
The information on the last
account contained in this report is extracted from the Mercantile Register file
of the legal address of the Company and dated 05/09/2005
Balance Sheet (ASSETS)
|
(Figures given in
Euros) |
31/12/2001 (11)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
|
|
|
A) DUE FROM
SHAREHOLDERS FOR UNCALLED CAPITAL |
|
|
|
|
|
B) FIXED ASSETS |
4.127.053,32 |
2.986.650,74 |
2.511.090,94 |
|
|
I. Establishment
expenses |
313.728,13 |
63.632,91 |
50.186,23 |
|
|
II. Intangible
assets |
|
25.853,59 |
20.694,91 |
|
|
III. Tangible
assets |
3.811.143,51 |
2.895.261,83 |
2.437.307,39 |
|
|
IV. Financial
assets |
2.181,68 |
1.902,41 |
2.902,41 |
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term
trade liabilities |
|
|
|
|
|
C) DEFERRED
EXPENSES |
|
|
|
|
|
D) CURRENT ASSETS |
5.958.738,67 |
14.128.014,43 |
13.740.762,25 |
|
|
I. Not paid in
shareholder capital |
|
|
|
|
|
II. Inventory |
1.998.768,13 |
5.878.818,10 |
3.953.236,23 |
|
|
III. Debtors |
3.485.478,44 |
6.458.180,57 |
8.236.851,54 |
|
|
IV. Short term
financial assets |
|
|
|
|
|
V. Short term
owners equity |
|
|
|
|
|
VI. Cash |
474.492,10 |
1.775.111,18 |
1.535.944,44 |
|
|
VII. Prepaid
expenses and accrued income |
|
15.904,58 |
14.730,04 |
|
|
ASSETS (A + B + C
+ D) |
10.085.791,99 |
17.114.665,17 |
16.251.853,19 |
Balance Sheet (LIABILITIES)
|
(Figures given in
Euros) |
31/12/2001 (11)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
|
|
|
A) SHAREHOLDERS
EQUITY |
1.808.673,73 |
2.478.569,52 |
3.036.756,84 |
|
|
I. Capital |
2.000.000,00 |
2.000.000,00 |
2.000.000,00 |
|
|
II. Premium share
account |
|
|
|
|
|
III. Revaluation
reserve |
|
|
|
|
|
IV. Reserves |
|
321.067,48 |
478.569,52 |
|
|
Sundry reserves |
|
321.067,48 |
478.569,52 |
|
|
V. Prior year
earnings |
|
|
|
|
|
VI. Prior year
profit or losses |
-191.326,27 |
157.502,04 |
558.187,32 |
|
|
VII. Dividend
paid during the year |
|
|
|
|
|
VIII. Own shares
for change in capital |
|
|
|
|
|
B) DEFERRED
INCOME |
|
172.320,51 |
108.737,95 |
|
|
C) PROVISIONS FOR
LIABILITIES AND EXPENSES |
|
|
|
|
|
D) LONG TERM
LIABILITIES |
2.065.827,60 |
5.065.827,60 |
5.065.827,60 |
|
|
E) SHORT TERM
LIABILITIES |
6.211.290,66 |
9.397.947,54 |
8.040.530,80 |
|
|
F) SHORT TERM
PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
LIABILITIES (A +
B + C + D + E + F) |
10.085.791,99 |
17.114.665,17 |
16.251.853,19 |
Profit and Loss Account
|
(Figures given in
Euros) |
31/12/2001 (11)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
|
|
|
A) EXPENSES (A.1
a A.15) |
|
|
|
|
|
A.1 Operating
Expenses |
4.918.253,43 |
17.989.967,15 |
20.340.905,71 |
|
|
A.3. Labor cost |
453.326,32 |
1.467.141,02 |
1.699.609,20 |
|
|
Wages |
324.866,51 |
1.139.965,88 |
1.328.310,72 |
|
|
Social security
expenses |
128.459,81 |
327.175,14 |
371.298,48 |
|
|
A.3. Assets
depreciation |
282.851,15 |
796.205,15 |
1.012.310,94 |
|
|
A.4. Variance in
provision for current assets |
|
50.206,12 |
-56.510,00 |
|
|
A.5. Other
operating costs |
981.528,14 |
3.135.211,40 |
3.583.282,88 |
|
|
A.I. OPERATING
RESULT (B.1-A.1-A.2-A.3-A.4-A.5) |
|
378.349,75 |
1.041.174,69 |
|
|
A.6. Financial
expenses |
61.687,10 |
328.557,85 |
242.523,11 |
|
|
Debts with
related companies |
|
155.140,97 |
139.310,24 |
|
|
Other companies
debts |
61.687,10 |
173.035,99 |
103.212,87 |
|
|
Losses from
financial investments |
|
380,89 |
|
|
|
A.7. Variation in
financial investments provision |
|
|
|
|
|
A.8. Exchange
losses |
|
|
|
|
|
A.II. POSITIVE
FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8) |
|
|
|
|
|
A.III. PROFIT
FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II) |
|
73.784,49 |
817.154,88 |
|
|
A.9. Variation in
provision in fixed assets |
|
|
|
|
|
A.10. Losses in
fixed assets |
|
|
|
|
|
A.11. Losses from
shares and bonds |
|
|
|
|
|
A.12.
Extraordinary charges |
|
|
|
|
|
A.13. Prior
year’s expenses and losses |
|
|
27.374,14 |
|
|
A.IV. POSITIVE
EXTRAORDINARY RESULT (B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13) |
|
169.158,31 |
50.732,73 |
|
|
A.V. EARNINGS /
LOSS BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
|
242.942,80 |
867.887,61 |
|
|
A.14. Corporate
Taxes |
|
85.440,76 |
309.700,29 |
|
|
A.15. Other taxes |
|
|
|
|
|
A.VI. YEAR END
RESULT (PROFIT) (A.V-A.14-A.15) |
|
157.502,04 |
558.187,32 |
|
|
B) INCOMES (B.1 a
B.8) |
|
|
|
|
|
B.1. Operating
income |
6.501.893,53 |
23.817.080,59 |
27.620.773,42 |
|
|
Turnover |
6.501.893,53 |
23.816.676,70 |
27.620.773,42 |
|
|
Other operating
income |
|
403,89 |
|
|
|
B.I. OPERATING
LOSSES (A.1+A.2+A.3+A.4+A.5-B.1) |
134.065,51 |
|
|
|
|
B.2. Financial
Income |
4.426,34 |
23.741,43 |
18.500,94 |
|
|
In affiliated
companies |
|
|
680,22 |
|
|
Other |
4.426,34 |
23.741,43 |
17.820,72 |
|
|
B.3. Gains on
exchange |
|
251,16 |
2,36 |
|
|
B.II. FINANCIAL
LOSSES (A.6+A.7+A.8-B.2-B.3) |
57.260,76 |
304.565,26 |
224.019,81 |
|
|
B.III. LOSSES
FROM ORDINARY ACTIVITIES (B.I+B.II-A.I-A.II) |
191.326,27 |
|
|
|
|
B.4. Gains from
disposal of fixed assets |
|
|
|
|
|
B.5. Gains from
dealing in own shares |
|
|
|
|
|
B.6. Paid in
surplus |
|
55.443,37 |
63.582,56 |
|
|
B.7.
Extraordinary income |
|
104.764,56 |
11.688,82 |
|
|
B.8. Prior year’s
income and profits |
|
8.950,38 |
2.835,49 |
|
|
B.IV.
EXTRAORDINARY LOSSES (A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8) |
|
|
|
|
|
B.V. LOSS BEFORE
TAXES (B.III+B.IV-A.III-A.IV) |
191.326,27 |
|
|
|
|
B.VI. NET LOSS
(B.V+A.14+A.15) |
191.326,27 |
|
|
Main Ratios
|
(Figures given in
Euros) |
2.001 (11)
|
2.003 (12)
|
2.004 (12)
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the
Sales Figures |
|
|
15,97 |
|
|
Assets Turnover |
0,65 |
1,39 |
1,70 |
|
|
Productivity |
1,33 |
1,84 |
2,17 |
|
|
Increase of the
Added Value |
|
|
37,32 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
-1,90 |
0,92 |
3,44 |
|
|
Financial
Profitability |
-10,58 |
6,36 |
18,38 |
|
|
Financial
Expenses |
0,95 |
1,38 |
0,88 |
|
|
BALANCE (IN DAYS
OF SALES) |
|
|
|
|
|
Customers’ Credit
(In days of sales) |
193,00 |
98,00 |
107,00 |
|
|
Suppliers’ Credit
(In days of sales) |
|
143,00 |
119,00 |
|
|
Working Capital
(In days of sales) |
0,00 |
71,00 |
74,00 |
|
|
Working Capital
Requirement (In days of sales) |
0,00 |
77,00 |
68,00 |
|
|
Treasury (In days
of sales) |
26,00 |
0,00 |
6,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
-252.551,99 |
4.730.066,89 |
5.700.231,45 |
|
|
Working Capital
Requirement |
-727.044,09 |
5.090.131,23 |
5.207.212,80 |
|
|
Treasury |
474.492,10 |
-360.064,34 |
493.018,65 |
|
|
Balance Ratio |
0,94 |
2,58 |
3,27 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
82,07 |
84,51 |
80,65 |
|
|
Own / Permanent
Funds |
46,68 |
32,12 |
36,98 |
|
|
Payback Capacity |
1,22 |
0,59 |
0,46 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
0,96 |
1,50 |
1,71 |
|
|
Immediate
Liquidity |
0,08 |
0,19 |
0,19 |
Sectorial Analysis
Summary of Assets, Liability & Equity
|
(Figures given in
Percentages) |
Company |
Sector |
Company |
|
|
2.004 |
|
|
|
Assets |
|||
|
DUE
FROM SHAREHOLDERS FOR UNCALLED CAPITAL |
0,00 |
0,00 |
0,00 |
|
FIXED
ASSETS |
15,45 |
27,10 |
-11,65 |
|
ACCRUED
EXPENSES |
0,00 |
0,38 |
-0,38 |
|
CURRENT
ASSETS |
84,55 |
72,51 |
12,04 |
|
TOTAL
ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS
EQUITY |
18,69 |
36,07 |
-17,38 |
|
ACCRUED
INCOME |
0,67 |
0,96 |
-0,29 |
|
RISK
AND EXPENDITURE COVER |
0,00 |
0,29 |
-0,29 |
|
LONG-TERM
CREDITORS |
31,17 |
8,50 |
22,67 |
|
SHORT-TERM
CREDITORS |
49,47 |
54,17 |
-4,70 |
|
SHORT-TERM
RISK AND EXPENDITURE COVER |
0,00 |
0,00 |
0,00 |
|
TOTAL
LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account of Results
|
(Figures given in
Percentages) |
Company |
Sector |
Company |
|
|
2.004 |
|
|
|
Net
turnover |
100,00 |
99,27 |
0,73 |
|
Other
operating income |
0,00 |
0,73 |
-0,73 |
|
Production
Value |
100,00 |
100,00 |
0,00 |
|
Operating
expenses |
73,64 |
62,59 |
11,05 |
|
Other
operation expenses |
12,97 |
11,31 |
1,66 |
|
Added
value |
13,38 |
26,09 |
-12,71 |
|
Labor
cost |
6,15 |
15,76 |
-9,60 |
|
Gross
Economic Result |
7,23 |
10,34 |
-3,11 |
|
Assets
depreciation |
3,67 |
2,37 |
1,29 |
|
Variation
in provision for current assets |
-0,20 |
0,29 |
-0,49 |
|
Net
Economic Result |
3,77 |
7,67 |
-3,90 |
|
Financial
income |
0,07 |
0,35 |
-0,28 |
|
Financial
expenses |
0,88 |
1,26 |
-0,38 |
|
Variation
in financial investment provision |
0,00 |
-0,02 |
0,02 |
|
Ordinary
Activities Result |
2,96 |
6,78 |
-3,83 |
|
Extraordinary
income |
0,28 |
0,43 |
-0,15 |
|
Extraordinary
expenses |
0,10 |
0,31 |
-0,21 |
|
Variation
in provision in fixed assets |
0,00 |
0,04 |
-0,04 |
|
Results
before Taxes |
3,14 |
6,86 |
-3,72 |
|
Corporaye
taxes |
1,12 |
2,26 |
-1,13 |
|
Net
Result |
2,02 |
4,61 |
-2,59 |
|
Assets
depreciation |
3,67 |
2,37 |
1,29 |
|
Provisions
fund variation |
-0,20 |
0,31 |
-0,52 |
|
Net
Self-Financing |
5,48 |
7,29 |
-1,81 |
Ratios
|
(Figures given in
) |
Company |
Ptile25
|
Medium
|
Ptile75
|
|
|
2.004 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase
of the Sales Figures |
15,97 |
-5,00 |
5,99 |
17,77 |
|
Assets
Turnover |
1,70 |
1,01 |
1,29 |
1,65 |
|
Fixed
Assets Turnover |
11,00 |
3,26 |
5,24 |
9,46 |
|
Increase
of the Added Value |
37,32 |
-7,73 |
5,29 |
18,65 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
2,18 |
1,32 |
1,61 |
2,14 |
|
Change
of Personnel Costs |
15,84 |
0,07 |
11,53 |
19,56 |
|
Average
Personnel Costs |
33.325,67 |
21.805,74 |
27.399,76 |
32.869,78 |
|
Value
Added by Employees |
72.482,06 |
35.401,41 |
45.495,12 |
63.644,70 |
|
CASH FLOW |
|
|
|
|
|
Cash
Flow |
1.513.988,26 |
446.424,27 |
731.041,70 |
1.284.180,26 |
|
Operating
Cash Flow |
1.996.975,63 |
641.481,94 |
1.043.071,53 |
1.782.606,28 |
|
Change
in Cash Flow |
50,81 |
-23,11 |
1,80 |
30,75 |
|
PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
3,44 |
2,26 |
3,51 |
8,16 |
|
Financial
Profitability |
18,38 |
6,23 |
15,38 |
25,24 |
|
Financial
Expenses |
0,88 |
0,52 |
0,95 |
1,65 |
|
Gross
Economic Profitability |
12,29 |
7,58 |
10,07 |
17,01 |
|
Gross
Financial Profitability |
65,76 |
24,96 |
37,27 |
56,26 |
|
BALANCE (IN DAYS
OF SALES) |
|
|
|
|
|
Customers’
Credit (In days of sales) |
107,00 |
103,29 |
135,20 |
175,16 |
|
Suppliers’
Credit (In days of sales) |
119,00 |
90,53 |
129,11 |
178,72 |
|
Working
Capital (In days of sales) |
74,00 |
12,18 |
38,24 |
78,96 |
|
Working
Capital Requirement (In days of sales) |
67,00 |
26,60 |
74,07 |
116,21 |
|
Treasury
(In days of sales) |
6,00 |
-73,51 |
-21,98 |
12,70 |
|
Operating
Current Assets |
179,00 |
162,38 |
200,03 |
262,50 |
|
BALANCE |
|
|
|
|
|
Working
Capital |
5.700.231,45 |
295.294,50 |
1.339.681,06 |
2.770.862,92 |
|
Working
Capital Requirement |
5.207.212,80 |
896.159,76 |
2.418.028,00 |
3.998.091,39 |
|
Treasury |
493.018,65 |
-2.807.029,03 |
-533.150,00 |
451.949,00 |
|
Balance
Ratio |
3,27 |
1,13 |
1,58 |
2,88 |
|
SOLVENCY |
|
|
|
|
|
Borrowing
Ratio |
80,64 |
50,44 |
66,97 |
79,67 |
|
Own
/ Permanent Funds |
36,98 |
62,80 |
88,52 |
97,96 |
|
Payback
Capacity |
0,46 |
0,33 |
0,47 |
0,66 |
|
Long
term Indebtedness |
31,17 |
0,49 |
3,55 |
13,28 |
|
Gearing |
535,17 |
201,76 |
302,71 |
491,96 |
|
Financing
Basic Ratio |
1,00 |
1,00 |
1,00 |
1,01 |
|
Assets
Guarantee |
1,24 |
1,20 |
1,46 |
1,98 |
|
LIQUIDITY |
|
|
|
|
|
General
Liquidity |
1,71 |
1,07 |
1,24 |
1,67 |
|
Immediate
Liquidity |
0,19 |
0,03 |
0,12 |
0,24 |
The date when this report was
last updated is 26/05/2006.
This company was last
displayed on 22/06/2006, it has been viewed 20 times in the last
quarter and 316 times in total .
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |