MIRA
INFORM REPORT
|
Report Date : |
9th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
TEXTILES
DIM S ANDALUZA SL |
|
|
|
|
Registered Office : |
Poligono
Industrial, 16 (Par Guadix) 18500 Guadix , (Granada) |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
28.03.2003 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of textile, clothing, footwear , etc |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
Status : |
Moderate
|
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
Company name
TEXTILES DIM S ANDALUZA SL
TAX NUMBER
B18641696
Identification and
Characteristics
Tax Number B18641696
NAME TEXTILES
DIM S ANDALUZA SL
BUSINESS ADDRESS POLIGONO
INDUSTRIAL, 16 (PAR GUADIX)
Postcode 18500
GUADIX (GRANADA)
FORMER ADDRESS POLIGONO
INDUSTRIAL-PAR 16 GUADIX
Postcode 18500
GUADIX (GRANADA)
TELEPHONE 958666357
FAX 958666358
LEGAL FORM LIMITED
LIABILITY COMPANY
DATE FOUNDED 28/03/2003
CAPITAL 3.200,00 Euros
NUMBER OF EMPLOYEES 8
BANKS LA
CAIXA.GUADIX;
ACTIVITY 1613000 - Wholesale
of textile, clothing, footwear , etc.
CNAE 5142 - Wholesale
of clothing and footwear
Synthesis
FINANCIAL SITUATION (Year ending: 31/12/2005)
PROFITABILITY 
5/9 Medium
TREASURY 
3/9 Limited
BALANCE SHEET 
1/9 Degraded
DEBT 5/9 Important
INCIDENTS
COMMITMENTS 
9/9 Respected
INCIDENTS 9/9 None
or Negligible
PREVIOUS EXPERIENCE
PREVIOUS EXPERIENCE 
6/9 Average
Credit Appraisal
CREDIT ACCORDING TO OBJECTIVE DATA (From 0 to 500.000,00 Euros):
FAVOURABLE TOWARDS 5.499,26 Max.
SOLVENCY RATING:
8/20 (BASED ON HOMOGENEOUS FORMULATION)
Financial Elements
Figures
given in Euros
|
|
Balance
sheet 2.003 (9) |
Balance
sheet 2.004 (12) |
Balance
sheet 2.005 (12) |
%
Sales |
|
SALES |
35.930,70 |
509.895,62 |
841.868,08 |
|
|
ADDED
VALUE |
7.498,40 |
42.606,77 |
59.305,85 |
7,04 |
|
BUSINESS
RESULT |
1.555,24 |
9.630,73 |
13.829,31 |
1,64 |
|
OWN
FUNDS |
4.755,24 |
14.385,97 |
28.215,28 |
|
|
DEBT |
44.130,23 |
265.029,67 |
203.373,13 |
|
|
TOTAL
ASSET |
48.885,47 |
279.415,64 |
231.588,41 |
|
The sales of
841.868,08 Euros show a change of 65,11% compared
with 2.004 .
Added value grew by
39,19% compared with the previous year. Shareholders equity are
28.215,28 Euros for an indebtedness of 203.373,13
Euros .
The result
13.829,31 Euros means financial profitability of
49,01% and economic profitability of 5,97% . This result means
growth of 43,60% compared with the 2.004 .
THE
FIGURES FOR THE LAST BALANCE SHEET ARE RELEVANT
SOURCE: FROM
THE MERCANTILE REGISTER
DATE: 31/10/2006
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.005) |
|
|
|
% of PRODUCTION VALUE |
|
|
|
|
SALES |
100,00 |
99,00 |
1,00 |
|
ADDED VALUE |
7,04 |
19,09 |
-12,05 |
|
BUSINESS RESULT |
1,64 |
2,31 |
-0,67 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN FUNDS |
12,18 |
34,76 |
-22,58 |
|
DEBT |
87,82 |
65,24 |
22,58 |
Compared
sector (CNAE): 514 - Comercio al por mayor de productos de
consumo, distinto de los alimenticios
Number
of companies : 3.218
Size
(Sales Figure) : 0 -
2.800.000,00 Euros
The
turnover of the company is 1,00% above the mean for the sector.
The
company’s added value was 7,04% s/ the production value, and 12,05%
below the mean for the sector.
The
company’s business result was 1,64% of the PV, 0,67% below the mean
for the sector.
The
company’s own resources are 12,18% , 22,58% below the mean for the
sector.
The
company’s outside resources are 87,82% , 22,58% 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: No significant elemento
Main Board members, Directors and
Auditor
Position Surname
and name Date of
appointment
SOLE ADMINISTRATOR GOMEZ
HERNANDEZ FRANCISCO JOSE 06/05/2003
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
Proceedings Date Notice
Num. Mercantile Reg.
Registration of accounts (2005) 13/10/2006 727798 GRANADA
Registration of accounts (2004) 29/09/2005 600312 GRANADA
Registration of accounts (2003) 07/10/2004 561621 GRANADA
Activity extension 28/07/2003 298621 GRANADA
Establishment 06/05/2003 181214 GRANADA
Complementary Information
08/11/06.BLOQUE DE INVESTIGACION:
La actividad concreta es la venta al mayor de articulos textiles y
prendas de vestir.
Establecimientos
Local en alquiler
----------------------------------------------------------------------
El Bloque de Investigacion no esta sujeto a actulizaciones sistematicas.
Los datos mostrados fueron aportados por las fuentes consultadas en la fecha del
encabezamiento.
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 31/10/2006
Balance Sheet (ASSETS)
|
(Figures
given in Euros) |
31/12/2003 (9) |
31/12/2004 (12) |
31/12/2005 (12) |
|
|
|
A) DUE
FROM SHAREHOLDERS FOR UNCALLED CAPITAL |
|
|
|
|
|
B)
FIXED ASSETS |
119,10 |
51.817,66 |
50.031,70 |
|
|
I.
Establishment expenses |
119,10 |
|
|
|
|
II.
Intangible assets |
|
|
|
|
|
III.
Tangible assets |
|
51.817,66 |
50.031,70 |
|
|
IV.
Financial assets |
|
|
|
|
|
V.
Owners equity |
|
|
|
|
|
VI.
Long term trade liabilities |
|
|
|
|
|
C)
DEFERRED EXPENSES |
|
|
|
|
|
D)
CURRENT ASSETS |
48.766,37 |
227.597,98 |
181.556,71 |
|
|
I. Not
paid in shareholder capital |
|
|
|
|
|
II.
Inventory |
8.900,00 |
2.970,00 |
45.786,92 |
|
|
III.
Debtors |
23.642,57 |
193.467,18 |
78.490,62 |
|
|
IV.
Short term financial assets |
|
|
|
|
|
V.
Short term owners equity |
|
|
|
|
|
VI.
Cash |
16.223,80 |
31.160,80 |
57.279,17 |
|
|
VII.
Prepaid expenses and accrued income |
|
|
|
|
|
ASSETS
(A + B + C + D) |
48.885,47 |
279.415,64 |
231.588,41 |
Balance Sheet (LIABILITIES)
|
(Figures
given in Euros) |
31/12/2003 (9) |
31/12/2004 (12) |
31/12/2005 (12) |
|
|
|
A)
SHAREHOLDERS EQUITY |
4.755,24 |
14.385,97 |
28.215,28 |
|
|
I.
Capital |
3.200,00 |
3.200,00 |
3.200,00 |
|
|
II.
Premium share account |
|
|
|
|
|
III.
Revaluation reserve |
|
|
|
|
|
IV.
Reserves |
|
1.555,24 |
11.185,97 |
|
|
Sundry
reserves |
|
1.555,24 |
11.185,97 |
|
|
V.
Prior year earnings |
|
|
|
|
|
VI.
Prior year profit or losses |
1.555,24 |
9.630,73 |
13.829,31 |
|
|
VII.
Dividend paid during the year |
|
|
|
|
|
VIII.
Own shares for change in capital |
|
|
|
|
|
B)
DEFERRED INCOME |
|
|
|
|
|
C)
PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
D)
LONG TERM LIABILITIES |
|
|
|
|
|
E)
SHORT TERM LIABILITIES |
44.130,23 |
265.029,67 |
203.373,13 |
|
|
F)
SHORT TERM PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
LIABILITIES
(A + B + C + D + E + F) |
48.885,47 |
279.415,64 |
231.588,41 |
Profit and Loss Account
|
(Figures
given in Euros) |
31/12/2003 (9) |
31/12/2004 (12) |
31/12/2005 (12) |
|
|
|
A)
EXPENSES (A.1 a A.15) |
|
|
|
|
|
A.1
Operating Expenses |
28.014,01 |
424.844,65 |
699.414,20 |
|
|
A.3.
Labor cost |
5.159,97 |
25.331,21 |
34.844,15 |
|
|
Wages |
3.767,46 |
19.256,49 |
27.359,70 |
|
|
Social
security expenses |
1.392,51 |
6.074,72 |
7.484,45 |
|
|
A.3.
Assets depreciation |
119,10 |
3.542,82 |
3.423,72 |
|
|
A.4.
Variance in provision for current assets |
|
|
|
|
|
A.5.
Other operating costs |
418,29 |
42.444,20 |
83.148,03 |
|
|
A.I.
OPERATING RESULT (B.1-A.1-A.2-A.3-A.4-A.5) |
2.219,33 |
13.732,74 |
21.037,98 |
|
|
A.6.
Financial expenses |
|
|
1.315,30 |
|
|
Other
companies debts |
|
|
1.315,30 |
|
|
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) |
2,44 |
25,45 |
|
|
|
A.III.
PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II) |
2.221,77 |
13.758,19 |
19.756,15 |
|
|
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 |
|
|
|
|
|
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) |
|
|
|
|
|
A.V.
EARNINGS / LOSS BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
2.221,77 |
13.758,19 |
19.756,15 |
|
|
A.14.
Corporate Taxes |
666,53 |
4.127,46 |
5.926,84 |
|
|
A.15.
Other taxes |
|
|
|
|
|
A.VI.
YEAR END RESULT (PROFIT) (A.V-A.14-A.15) |
1.555,24 |
9.630,73 |
13.829,31 |
|
|
B)
INCOMES (B.1 a B.8) |
|
|
|
|
|
B.1.
Operating income |
35.930,70 |
509.895,62 |
841.868,08 |
|
|
Turnover |
35.930,70 |
509.895,62 |
841.868,08 |
|
|
B.I.
OPERATING LOSSES (A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
|
B.2.
Financial Income |
2,44 |
25,45 |
33,47 |
|
|
Other |
2,44 |
25,45 |
33,47 |
|
|
B.3.
Gains on exchange |
|
|
|
|
|
B.II.
FINANCIAL LOSSES (A.6+A.7+A.8-B.2-B.3) |
|
|
1.281,83 |
|
|
B.III.
LOSSES FROM ORDINARY ACTIVITIES (B.I+B.II-A.I-A.II) |
|
|
|
|
|
B.4.
Gains from disposal of fixed assets |
|
|
|
|
|
B.5. Gains
from dealing in own shares |
|
|
|
|
|
B.6.
Paid in surplus |
|
|
|
|
|
B.7.
Extraordinary income |
|
|
|
|
|
B.8.
Prior year’s income and profits |
|
|
|
|
|
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) |
|
|
|
|
|
B.VI.
NET LOSS (B.V+A.14+A.15) |
|
|
|
Main Ratios
|
(Figures
given in Euros) |
2.003 (9) |
2.004 (12) |
2.005 (12) |
|
|
|
ACTIVITY |
|
|
|
|
|
Increase
of the Sales Figures |
|
|
65,11 |
|
|
Assets
Turnover |
0,74 |
1,83 |
3,64 |
|
|
Productivity |
1,45 |
1,68 |
1,70 |
|
|
Increase
of the Added Value |
|
|
39,19 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
3,18 |
3,45 |
5,97 |
|
|
Financial
Profitability |
32,71 |
66,94 |
49,01 |
|
|
Financial
Expenses |
|
|
0,16 |
|
|
BALANCE
(IN DAYS OF SALES) |
|
|
|
|
|
Customers’
Credit (In days of sales) |
237,00 |
137,00 |
34,00 |
|
|
Suppliers’
Credit (In days of sales) |
|
|
|
|
|
Working
Capital (In days of sales) |
46,00 |
0,00 |
0,00 |
|
|
Working
Capital Requirement (In days of sales) |
0,00 |
0,00 |
0,00 |
|
|
Treasury
(In days of sales) |
163,00 |
22,00 |
24,00 |
|
|
BALANCE |
|
|
|
|
|
Working
Capital |
4.636,14 |
-37.431,69 |
-21.816,42 |
|
|
Working
Capital Requirement |
-11.587,66 |
-68.592,49 |
-79.095,59 |
|
|
Treasury |
16.223,80 |
31.160,80 |
57.279,17 |
|
|
Balance
Ratio |
39,93 |
0,28 |
0,56 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing
Ratio |
90,27 |
94,85 |
87,82 |
|
|
Own /
Permanent Funds |
100,00 |
100,00 |
100,00 |
|
|
Payback
Capacity |
1,22 |
0,52 |
0,24 |
|
|
LIQUIDITY |
|
|
|
|
|
General
Liquidity |
1,11 |
0,86 |
0,89 |
|
|
Immediate
Liquidity |
0,37 |
0,12 |
0,28 |
Sectorial Analysis
Summary of Assets, Liability
& Equity
|
(Figures
given in Percentages) |
Company |
Sector |
Company |
|
|
2.005 |
|
|
|
Assets |
|||
|
DUE
FROM SHAREHOLDERS FOR UNCALLED CAPITAL |
0,00 |
0,08 |
-0,08 |
|
FIXED
ASSETS |
21,60 |
25,16 |
-3,56 |
|
ACCRUED
EXPENSES |
0,00 |
0,37 |
-0,37 |
|
CURRENT
ASSETS |
78,40 |
74,38 |
4,02 |
|
TOTAL
ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS
EQUITY |
12,18 |
34,76 |
-22,58 |
|
ACCRUED
INCOME |
0,00 |
0,09 |
-0,09 |
|
RISK AND
EXPENDITURE COVER |
0,00 |
0,05 |
-0,05 |
|
LONG-TERM
CREDITORS |
0,00 |
11,60 |
-11,60 |
|
SHORT-TERM
CREDITORS |
87,82 |
53,48 |
34,34 |
|
SHORT-TERM
RISK AND EXPENDITURE COVER |
0,00 |
0,02 |
-0,02 |
|
TOTAL
LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account of Results
|
(Figures
given in Percentages) |
Company |
Sector |
Company |
|
|
2.005 |
|
|
|
Net
turnover |
100,00 |
99,00 |
1,00 |
|
Other
operating income |
0,00 |
1,00 |
-1,00 |
|
Production
Value |
100,00 |
100,00 |
0,00 |
|
Operating
expenses |
83,08 |
69,22 |
13,86 |
|
Other
operation expenses |
9,88 |
11,69 |
-1,81 |
|
Added
value |
7,04 |
19,09 |
-12,05 |
|
Labor
cost |
4,14 |
13,51 |
-9,37 |
|
Gross
Economic Result |
2,91 |
5,58 |
-2,68 |
|
Assets
depreciation |
0,41 |
1,36 |
-0,96 |
|
Variation
in provision for current assets |
0,00 |
0,20 |
-0,20 |
|
Net
Economic Result |
2,50 |
4,02 |
-1,52 |
|
Financial
income |
0,00 |
0,35 |
-0,34 |
|
Financial
expenses |
0,16 |
1,34 |
-1,19 |
|
Variation
in financial investment provision |
0,00 |
-0,00 |
0,00 |
|
Ordinary
Activities Result |
2,35 |
3,03 |
-0,68 |
|
Extraordinary
income |
0,00 |
0,38 |
-0,38 |
|
Extraordinary
expenses |
0,00 |
0,17 |
-0,17 |
|
Variation
in provision in fixed assets |
0,00 |
0,01 |
-0,01 |
|
Results
before Taxes |
2,35 |
3,23 |
-0,89 |
|
Corporaye
taxes |
0,70 |
0,93 |
-0,22 |
|
Net
Result |
1,64 |
2,31 |
-0,66 |
|
Assets
depreciation |
0,41 |
1,36 |
-0,96 |
|
Provisions
fund variation |
0,00 |
0,20 |
-0,20 |
|
Net
Self-Financing |
2,05 |
3,87 |
-1,82 |
Ratios
|
(Figures
given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.005 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase
of the Sales Figures |
65,11 |
-8,49 |
2,55 |
13,08 |
|
Assets
Turnover |
3,64 |
1,12 |
1,65 |
2,29 |
|
Fixed
Assets Turnover |
16,83 |
4,25 |
10,94 |
28,11 |
|
Increase
of the Added Value |
39,19 |
-7,36 |
3,23 |
15,72 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,70 |
1,18 |
1,35 |
1,65 |
|
Change
of Personnel Costs |
37,55 |
-0,57 |
6,83 |
18,18 |
|
Average
Personnel Costs |
4.977,74 |
14.323,15 |
18.665,09 |
25.219,39 |
|
Value
Added by Employees |
8.472,26 |
19.433,43 |
26.374,99 |
38.146,13 |
|
CASH
FLOW |
|
|
|
|
|
Cash
Flow |
17.253,03 |
8.764,47 |
21.001,25 |
45.409,88 |
|
Operating
Cash Flow |
24.461,70 |
12.717,75 |
31.620,79 |
67.999,05 |
|
Change
in Cash Flow |
30,97 |
-29,49 |
-3,93 |
20,22 |
|
PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
5,97 |
0,91 |
2,34 |
5,18 |
|
Financial
Profitability |
49,01 |
3,93 |
9,69 |
18,58 |
|
Financial
Expenses |
0,16 |
0,23 |
0,83 |
1,81 |
|
Gross
Economic Profitability |
10,56 |
4,38 |
7,67 |
12,21 |
|
Gross
Financial Profitability |
86,70 |
14,72 |
29,75 |
54,16 |
|
BALANCE
(IN DAYS OF SALES) |
|
|
|
|
|
Customers’
Credit (In days of sales) |
33,00 |
27,84 |
63,65 |
103,75 |
|
Suppliers’
Credit (In days of sales) |
|
0,00 |
0,00 |
0,00 |
|
Working
Capital (In days of sales) |
0,00 |
10,14 |
36,71 |
82,43 |
|
Working
Capital Requirement (In days of sales) |
0,00 |
-15,94 |
12,26 |
50,95 |
|
Treasury
(In days of sales) |
24,00 |
5,75 |
18,81 |
44,71 |
|
Operating
Current Assets |
77,00 |
117,80 |
166,02 |
238,23 |
|
BALANCE |
|
|
|
|
|
Working
Capital |
-21.816,42 |
12.780,83 |
63.242,83 |
177.900,13 |
|
Working
Capital Requirement |
-79.095,59 |
-21.335,11 |
18.611,73 |
102.587,82 |
|
Treasury |
57.279,17 |
7.968,92 |
31.140,08 |
88.477,27 |
|
Balance
Ratio |
0,56 |
1,23 |
2,20 |
5,17 |
|
SOLVENCY |
|
|
|
|
|
Borrowing
Ratio |
87,82 |
52,37 |
72,58 |
85,37 |
|
Own /
Permanent Funds |
100,00 |
58,54 |
91,21 |
100,00 |
|
Payback
Capacity |
0,24 |
0,25 |
0,39 |
0,60 |
|
Long
term Indebtedness |
|
0,00 |
2,81 |
16,25 |
|
Gearing |
820,79 |
209,95 |
364,68 |
683,32 |
|
Financing
Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets
Guarantee |
1,14 |
1,14 |
1,34 |
1,87 |
|
LIQUIDITY |
|
|
|
|
|
General
Liquidity |
0,89 |
1,07 |
1,30 |
1,85 |
|
Immediate
Liquidity |
0,28 |
0,04 |
0,16 |
0,44 |
The date when this report was
last updated is 08/11/2006.
This company was last
displayed on 30/10/2006,
it has been viewed 3 times
in the last quarter and 14 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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|