MIRA
INFORM REPORT
|
Report Date : |
28th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
MARBLE
ORTEGA STONE S.L. |
|
|
|
|
Registered Office : |
Poligono Cortijo Palmeras 04850
Cantoria (Almeria) |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2004 |
|
|
|
|
Date of Incorporation : |
29/06/2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Cutting, shaping and finishing of stone |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate
|
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
Company name
MARBLE
ORTEGA STONE S.L.
TAX NUMBER
B82704818
Identification and
Characteristics
Tax Number B82704818
NAME MARBLE
ORTEGA STONE S.L.
ANAGRAM MOS
BUSINESS ADDRESS POLIGONO
CORTIJO PALMERAS
Postcode 04850
CANTORIA (ALMERIA)
FORMER ADDRESS CALLE
ORENSE, 32
Postcode 28020
MADRID (MADRID)
URL http://www.marbleortega.com
TELEPHONE 950121906
FAX 950121930
LEGAL FORM LIMITED
LIABILITY COMPANY
DATE FOUNDED 29/06/2000
CAPITAL 186.480,00 Euros
NUMBER OF EMPLOYEES 20
BANKS CAM.CANTORIA;
BSCH.CANTORIA; BBVA.CANTORIA;
UNICAJA.CANTORIA;
ACTIVITY 1244000 - Natural
stone industries
CNAE 2670 - Cutting,
shaping and finishing of stone
EXPORT COMPANY YES
IMPORT COMPANY YES
Synthesis
FINANCIAL SITUATION (Year ending: 31/12/2004)
TREASURY 
4/9 Tense
BALANCE SHEET 
1/9 Degraded
DEBT 4/9 Heavy
INCIDENTS
COMMITMENTS 
6/9 Fulfilled
with difficulties
INCIDENTS 6/9 Few
PREVIOUS EXPERIENCE
PREVIOUS EXPERIENCE 6/9 Average
Credit Appraisal
CREDIT ACCORDING TO OBJECTIVE DATA (From 0 to 500.000,00 Euros):
FAVOURABLE TOWARDS 0,00 Max. Euros
CREDIT ACCORDING TO OBJECTIVE DATA (From 0 to 500.000,00 Euros):
Prudence advised.
SOLVENCY RATING:
3/20 (BASED ON HOMOGENEOUS FORMULATION)
Analysis made on 27/11/2006
Financial Elements
Figures
given in Euros
|
|
Balance
sheet 2.003 (12) |
Balance
sheet 2.004
(12) |
Estimate 2.005
(12) |
|
SALES |
2.353.815,53 |
4.703.908,73 |
5.000.000,00 |
|
ADDED VALUE |
257.509,84 |
286.948,99 |
|
|
BUSINESS RESULT |
14.825,89 |
-204,58 |
|
|
OWN FUNDS |
85.311,48 |
240.106,90 |
|
|
DEBT |
2.833.114,45 |
3.719.469,55 |
|
|
TOTAL ASSET |
3.144.098,91 |
4.140.114,83 |
|
The sales of 4.703.908,73 Euros show a change of
99,84% compared with 2.003 .
Added value grew by 11,43% compared with the previous year.
Shareholders equity are 240.106,90
Euros for an indebtedness of 3.719.469,55 Euros
.
The result -204,58 Euros means financial profitability
of -0,09% and economic profitability of -0,00% . This
result means growth of -101,38% compared with the
2.003 .
THE FIGURES FOR THE LAST BALANCE SHEET ARE RELEVANT:
SOURCE: FROM THE MERCANTILE REGISTER
DATE: 18/04/2006
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.004) |
|
|
|
%
of PRODUCTION VALUE |
|
|
|
|
SALES |
99,12 |
98,71 |
0,41 |
|
ADDED
VALUE |
6,05 |
34,60 |
-28,55 |
|
BUSINESS
RESULT |
-0,00 |
4,15 |
-4,15 |
|
%
OF TOTAL ASSETS |
|
|
|
|
OWN
FUNDS |
5,80 |
39,59 |
-33,79 |
|
DEBT |
89,84 |
60,41 |
29,43 |
Compared sector
(CNAE): 267 - Industria de la piedra
Number of
companies: 80
Size (Sales
Figure): 2.800.000,00 - 7.000.000,00 Euros
The turnover of the
company is 0,41% above the mean for the sector.
The company’s added
value was 6,05% s/ the production value, and 28,55% below the mean
for the sector.
The company’s
business result was -0,00% of the PV, 4,15% below the mean for the
sector.
The company’s own
resources are 5,80% , 33,79% below the mean for the sector.
The company’s
outside resources are 89,84% , 29,43% above the mean for the
sector.
Legal Actions
No legal incidences registered for this company in
the official source
CLAIM FILED AGAINST THE ADMINISTRATION: 1 (
Last 26/07/2005 )
With the Social Security: 0
With the Tax Authorities: 0
With Other Organisms: 1
AFFECTED BY: No significant elemento
Last claim filed
against the administration
(Figures given in Euros)
Rest of Organisms: 1
SEIZURES:
Information
Date Organization
26/07/2005 TOWN/
CITY HALL DE MADRID
Main Board members, Directors and
Auditor
|
Position |
Surname and name |
Date
of appointment |
|
SOLE ADMINISTRATOR |
ORTEGA PEREZ
ANTONIO |
21/07/2000 |
Financial Links
|
Shareholders |
||||
|
Company Name |
|
|
Source |
Information Date |
|
ORTEGA PEREZ
ANTONIO |
|
Indet.
|
OWN SOURCES |
27/11/2006 |
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice
Num. |
Mercantile
Reg. |
|
Registration of
accounts (2004) |
17/04/2006 |
101227 |
ALMERIA |
|
Appointments |
09/05/2005 |
205130 |
ALMERIA |
|
Capital increase |
03/02/2005 |
048622 |
ALMERIA |
|
Change of
statutes |
03/02/2005 |
048622 |
ALMERIA |
|
Registration of accounts
(2003) |
18/10/2004 |
636186 |
ALMERIA |
Press articles
08/11/2006 EXPANSION ANDALUCIA BRANCHES
INFORMATION
LA CIA.
ALMERIENSE MARBLE ORTEGA STONE SE HA CONVERTIDO EN LA PRIMERA FIRMA DE PIEDRA
NATURAL ESPAŃOLA QUE ABRE UNA FABRICA Y UN CENTRO LOGISTICO EN CHINA. CON ESTE
PROYECTO, LA EMPRESA YA CUENTA CON CUATRO ALMACENES DE DIS TRIBUCION Y
PRODUCCION SITUADOS EN MACAEL, ALMERIA, BRASIL Y CHINA. ASIMIS MO, MARBLE
ORTEGA STONE DISPONE DE DOS CENTROS DE TRABAJO EN SHANGHAI, UNO JUNTO AL
CIRCUITO DE VELOCIDAD DE SHANGHAI Y OTRO EN LA ZONA DE SESEN. LA FACTURACION DE
LA ENTIDAD EL PASADO EJERCICIO ASCENDIO A 5 MM. DE EUROS, Y EL VOLUMEN ANUAL
QUE MOVIO SU RED COMERCIAL ALCANZO LAS 50.000 TONELADAS. PARA EL PRESENTE AŃO,
ESPERA ALCANZAR LOS 10 MM. EN VENTAS.
18/10/2006 LA VOZ DE ALMERIA BRANCHES
INFORMATION
LA
EMPRESA ALMERIENSE MARBLE ORTEGA STONE (MOS), ESPECIALIZADA EN EL TRATA MIENTO
Y COMERCIALIZACION DE MARMOLES Y PIEDRA NATURAL, INAUGURA EL 19/10/06 SU
PRIMERA TIENDA EN MADRID, MOS MADRID, QUE SE UBICARA EN LA LOCALIDAD DE
VILLAVICIOSA DE ODON. MARBLE ORTEGA STONE TIENE SU SEDE PRINCIPAL EN EL PO
LIGONO INDUSTRIAL LAS PALMERAS DEL TERMINO MUNICIPAL DE CANTORIA. LA EMPRESA
FUE CONSTITUIDA EN 2000 POR ANTONIO ORTEGA Y ESTA CENTRADA EN LA COMERCIALI
ZACION DE MARMOL Y PIEDRA.
Complementary Information
En el
deposito de cuentas del ejercicio 2001, se ha detectado un descuadre en las
siguientes partidas: el resultado del pasivo del balance cerrado a 31/12/2001 no coincide con
el que figura en la
cuenta
de Perdidas y Ganancias.
27/11/06
BLOQUE DE INVESTIGACION:
-
Actividad: Comercio al por mayor de marmol, piedras ornamentales.
-
Realiza transacciones intracomunitarias de sus compras con la UE.
-
Domicilio Social: Lugar Cortijo Palmeras , s/n Pol.Ind. Las Palmeras
Cantoria
(04850) ALMERIA. Oficina, almacen en propiedad (sin verifi- car) y en zona
industrial.
- Posee
oficinas en Vigo (Pontevedra) y Mostoles (Madrid)
-
Exporta a China, Italia y Portugal.
----------------------------------------------------------------------
El
Bloque de Investigacion no esta sujeto a actualizaciones sistematicas. Los
datos mostrados fueron aportados por las fuentes consultadasen la fecha del
encabezamiento.
Remarks for customer
Les enviamos
informe definitivo sobre la titular ya que, a pesar de estar obligada a
depositar sus cuentas en el Registro Mercantil, no consta publicacion de su
deposito para el ejercicio 2005
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 18/04/2006
Balance Sheet (ASSETS)
|
(Figures given in
Euros) |
31/12/2002 (12)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
|
|
|
A) DUE FROM
SHAREHOLDERS FOR UNCALLED CAPITAL |
|
|
|
|
|
B) FIXED ASSETS |
595.633,12 |
760.878,58 |
1.056.107,27 |
|
|
I. Establishment
expenses |
|
|
|
|
|
II. Intangible
assets |
10.897,98 |
494,24 |
590,24 |
|
|
III. Tangible
assets |
577.809,82 |
753.051,54 |
1.045.184,23 |
|
|
IV. Financial
assets |
6.925,32 |
7.332,80 |
10.332,80 |
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term
trade liabilities |
|
|
|
|
|
C) DEFERRED
EXPENSES |
691,13 |
223,04 |
9,59 |
|
|
D) CURRENT ASSETS |
855.300,00 |
2.382.997,29 |
3.083.997,97 |
|
|
I. Not paid in
shareholder capital |
|
|
|
|
|
II. Inventory |
629.426,00 |
1.731.021,00 |
1.731.021,00 |
|
|
III. Debtors |
185.184,25 |
651.976,29 |
1.077.750,99 |
|
|
IV. Short term
financial assets |
|
|
|
|
|
V. Short term
owners equity |
|
|
|
|
|
VI. Cash |
40.689,75 |
|
275.225,98 |
|
|
VII. Prepaid
expenses and accrued income |
|
|
|
|
|
ASSETS (A + B + C
+ D) |
1.451.624,25 |
3.144.098,91 |
4.140.114,83 |
Balance Sheet (LIABILITIES)
|
(Figures given in
Euros) |
31/12/2002 (12)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
|
|
|
A) SHAREHOLDERS
EQUITY |
70.485,59 |
85.311,48 |
240.106,90 |
|
|
I. Capital |
31.480,00 |
31.480,00 |
186.480,00 |
|
|
II. Premium share
account |
|
|
|
|
|
III. Revaluation
reserve |
|
|
|
|
|
IV. Reserves |
2.359,46 |
3.900,55 |
5.383,14 |
|
|
Sundry reserves |
2.359,46 |
3.900,55 |
5.383,14 |
|
|
V. Prior year
earnings |
21.235,18 |
35.105,04 |
48.448,34 |
|
|
VI. Prior year
profit or losses |
15.410,95 |
14.825,89 |
-204,58 |
|
|
VII. Dividend
paid during the year |
|
|
|
|
|
VIII. Own shares
for change in capital |
|
|
|
|
|
B) DEFERRED
INCOME |
|
225.672,98 |
180.538,38 |
|
|
C) PROVISIONS FOR
LIABILITIES AND EXPENSES |
|
|
|
|
|
D) LONG TERM
LIABILITIES |
52.812,61 |
244.579,47 |
317.384,06 |
|
|
E) SHORT TERM
LIABILITIES |
1.328.326,05 |
2.588.534,98 |
3.402.085,49 |
|
|
F) SHORT TERM
PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
LIABILITIES (A +
B + C + D + E + F) |
1.451.624,25 |
3.144.098,91 |
4.140.114,83 |
Profit and Loss Account
|
(Figures given in
Euros) |
31/12/2002 (12)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
|
|
|
A) EXPENSES (A.1
a A.15) |
|
|
|
|
|
A.1 Operating
Expenses |
1.744.389,71 |
1.786.693,67 |
3.918.396,92 |
|
|
A.3. Labor cost |
79.302,35 |
105.401,44 |
131.749,27 |
|
|
Wages |
69.870,46 |
89.406,55 |
109.022,57 |
|
|
Social security
expenses |
9.431,89 |
15.994,89 |
22.726,70 |
|
|
A.3. Assets depreciation |
15.516,84 |
29.022,50 |
45.627,18 |
|
|
A.4. Variance in
provision for current assets |
|
|
|
|
|
A.5. Other
operating costs |
303.217,49 |
350.765,28 |
540.294,66 |
|
|
A.I. OPERATING
RESULT (B.1-A.1-A.2-A.3-A.4-A.5) |
100.915,47 |
123.085,90 |
109.572,54 |
|
|
A.6. Financial expenses |
86.818,44 |
135.624,97 |
153.440,24 |
|
|
Other companies
debts |
86.818,44 |
135.624,97 |
153.440,24 |
|
|
A.7. Variation in
financial investments provision |
|
|
|
|
|
A.8. Exchange
losses |
16.352,80 |
3.111,05 |
1.013,91 |
|
|
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) |
22.342,80 |
|
|
|
|
A.9. Variation in
provision in fixed assets |
|
|
|
|
|
A.10. Losses in
fixed assets |
|
11.270,70 |
|
|
|
A.11. Losses from
shares and bonds |
|
|
|
|
|
A.12.
Extraordinary charges |
854,42 |
|
512,15 |
|
|
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) |
39,02 |
33.863,90 |
44.622,45 |
|
|
A.V. EARNINGS /
LOSS BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
22.381,82 |
21.179,84 |
|
|
|
A.14. Corporate
Taxes |
6.970,87 |
6.353,95 |
|
|
|
A.15. Other taxes |
|
|
|
|
|
A.VI. YEAR END
RESULT (PROFIT) (A.V-A.14-A.15) |
15.410,95 |
14.825,89 |
|
|
|
B) INCOMES (B.1 a
B.8) |
|
|
|
|
|
B.1. Operating
income |
2.243.341,86 |
2.394.968,79 |
4.745.640,57 |
|
|
Turnover |
2.092.422,81 |
2.353.815,53 |
4.703.908,73 |
|
|
Other operating
income |
150.919,05 |
41.153,26 |
41.731,84 |
|
|
B.I. OPERATING
LOSSES (A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
|
B.2. Financial
Income |
9.579,31 |
2.966,06 |
54,58 |
|
|
Other |
9.579,31 |
2.966,06 |
54,58 |
|
|
B.3. Gains on
exchange |
15.019,26 |
|
|
|
|
B.II. FINANCIAL
LOSSES (A.6+A.7+A.8-B.2-B.3) |
78.572,67 |
135.769,96 |
154.399,57 |
|
|
B.III. LOSSES
FROM ORDINARY ACTIVITIES (B.I+B.II-A.I-A.II) |
|
12.684,06 |
44.827,03 |
|
|
B.4. Gains from
disposal of fixed assets |
|
|
|
|
|
B.5. Gains from
dealing in own shares |
|
|
|
|
|
B.6. Paid in
surplus |
|
45.134,60 |
45.134,60 |
|
|
B.7.
Extraordinary income |
893,44 |
|
|
|
|
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) |
|
|
204,58 |
|
|
B.VI. NET LOSS
(B.V+A.14+A.15) |
|
|
204,58 |
Main Ratios
|
(Figures given in
Euros) |
2.002 (12)
|
2.003 (12)
|
2.004 (12)
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the
Sales Figures |
-23,26 |
12,49 |
99,84 |
|
|
Assets Turnover |
1,44 |
0,75 |
1,14 |
|
|
Productivity |
2,47 |
2,44 |
2,18 |
|
|
Increase of the
Added Value |
40,41 |
31,56 |
11,43 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
1,06 |
0,47 |
0,00 |
|
|
Financial
Profitability |
21,86 |
17,38 |
-0,08 |
|
|
Financial
Expenses |
4,15 |
5,76 |
3,26 |
|
|
BALANCE (IN DAYS
OF SALES) |
|
|
|
|
|
Customers’ Credit
(In days of sales) |
32,00 |
100,00 |
82,00 |
|
|
Suppliers’ Credit
(In days of sales) |
|
|
|
|
|
Working Capital
(In days of sales) |
0,00 |
0,00 |
0,00 |
|
|
Working Capital
Requirement (In days of sales) |
0,00 |
0,00 |
0,00 |
|
|
Treasury (In days
of sales) |
7,00 |
|
21,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
-473.026,05 |
-205.537,69 |
-318.087,52 |
|
|
Working Capital
Requirement |
-513.715,80 |
-205.537,69 |
-593.313,50 |
|
|
Treasury |
40.689,75 |
|
275.225,98 |
|
|
Balance Ratio |
0,21 |
0,73 |
0,70 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
95,14 |
90,11 |
89,84 |
|
|
Own / Permanent
Funds |
57,17 |
15,36 |
32,53 |
|
|
Payback Capacity |
0,66 |
1,19 |
0,78 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
0,64 |
0,92 |
0,91 |
|
|
Immediate
Liquidity |
0,03 |
|
0,08 |
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 |
25,51 |
41,18 |
-15,67 |
|
ACCRUED
EXPENSES |
0,00 |
0,36 |
-0,36 |
|
CURRENT
ASSETS |
74,49 |
58,45 |
16,04 |
|
TOTAL
ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS
EQUITY |
5,80 |
39,59 |
-33,79 |
|
ACCRUED
INCOME |
4,36 |
1,68 |
2,68 |
|
RISK
AND EXPENDITURE COVER |
0,00 |
0,12 |
-0,12 |
|
LONG-TERM
CREDITORS |
7,67 |
12,46 |
-4,79 |
|
SHORT-TERM
CREDITORS |
82,17 |
46,15 |
36,02 |
|
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 |
99,12 |
98,71 |
0,41 |
|
Other
operating income |
0,88 |
1,29 |
-0,41 |
|
Production
Value |
100,00 |
100,00 |
0,00 |
|
Operating
expenses |
82,57 |
48,21 |
34,36 |
|
Other
operation expenses |
11,39 |
17,19 |
-5,80 |
|
Added
value |
6,05 |
34,60 |
-28,55 |
|
Labor
cost |
2,78 |
22,11 |
-19,33 |
|
Gross
Economic Result |
3,27 |
12,49 |
-9,22 |
|
Assets
depreciation |
0,96 |
5,04 |
-4,08 |
|
Variation
in provision for current assets |
0,00 |
0,62 |
-0,62 |
|
Net
Economic Result |
2,31 |
6,84 |
-4,53 |
|
Financial
income |
0,00 |
0,45 |
-0,44 |
|
Financial
expenses |
3,25 |
1,83 |
1,43 |
|
Variation
in financial investment provision |
0,00 |
-0,01 |
0,01 |
|
Ordinary
Activities Result |
-0,94 |
5,47 |
-6,41 |
|
Extraordinary
income |
0,95 |
0,95 |
0,00 |
|
Extraordinary
expenses |
0,01 |
0,35 |
-0,34 |
|
Variation
in provision in fixed assets |
0,00 |
-0,01 |
0,01 |
|
Results
before Taxes |
-0,00 |
6,08 |
-6,09 |
|
Corporaye
taxes |
0,00 |
1,93 |
-1,93 |
|
Net
Result |
-0,00 |
4,15 |
-4,15 |
|
Assets
depreciation |
0,96 |
5,04 |
-4,08 |
|
Provisions
fund variation |
0,00 |
0,59 |
-0,59 |
|
Net
Self-Financing |
0,96 |
9,78 |
-8,82 |
Ratios
|
(Figures given in
) |
Company |
Ptile25
|
Medium
|
Ptile75
|
|
|
2.004 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase
of the Sales Figures |
99,84 |
-9,76 |
-0,18 |
7,38 |
|
Assets
Turnover |
1,14 |
0,74 |
1,05 |
1,37 |
|
Fixed
Assets Turnover |
4,45 |
1,76 |
2,56 |
4,79 |
|
Increase
of the Added Value |
11,43 |
-10,31 |
0,63 |
14,48 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
2,18 |
1,31 |
1,48 |
1,92 |
|
Change
of Personnel Costs |
25,00 |
-4,20 |
5,45 |
10,20 |
|
Average
Personnel Costs |
26.349,85 |
19.679,71 |
22.865,77 |
30.272,01 |
|
Value
Added by Employees |
57.389,80 |
29.918,50 |
36.753,01 |
46.588,64 |
|
CASH FLOW |
|
|
|
|
|
Cash
Flow |
45.422,60 |
185.135,13 |
316.208,87 |
491.472,84 |
|
Operating
Cash Flow |
155.199,72 |
273.370,81 |
393.143,93 |
669.723,03 |
|
Change
in Cash Flow |
3,59 |
-23,88 |
0,65 |
27,84 |
|
PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
-0,00 |
0,98 |
2,92 |
6,19 |
|
Financial
Profitability |
-0,08 |
4,15 |
8,86 |
14,72 |
|
Financial
Expenses |
3,26 |
0,54 |
1,14 |
2,34 |
|
Gross
Economic Profitability |
3,75 |
8,11 |
11,51 |
15,96 |
|
Gross
Financial Profitability |
64,64 |
21,87 |
38,92 |
55,55 |
|
BALANCE (IN DAYS
OF SALES) |
|
|
|
|
|
Customers’
Credit (In days of sales) |
82,00 |
90,34 |
117,06 |
164,83 |
|
Suppliers’
Credit (In days of sales) |
|
0,00 |
0,00 |
76,26 |
|
Working
Capital (In days of sales) |
0,00 |
-18,18 |
34,54 |
86,41 |
|
Working
Capital Requirement (In days of sales) |
0,00 |
-14,34 |
34,30 |
79,86 |
|
Treasury
(In days of sales) |
21,00 |
0,23 |
10,34 |
32,11 |
|
Operating
Current Assets |
236,00 |
147,00 |
194,05 |
251,41 |
|
BALANCE |
|
|
|
|
|
Working
Capital |
-318.087,52 |
-164.630,86 |
388.532,59 |
1.031.468,11 |
|
Working
Capital Requirement |
-593.313,50 |
-166.949,43 |
409.633,36 |
836.233,56 |
|
Treasury |
275.225,98 |
2.199,86 |
104.539,63 |
278.848,91 |
|
Balance
Ratio |
0,70 |
0,90 |
1,21 |
2,06 |
|
SOLVENCY |
|
|
|
|
|
Borrowing
Ratio |
89,84 |
42,05 |
65,99 |
80,14 |
|
Own
/ Permanent Funds |
32,53 |
57,55 |
74,30 |
93,07 |
|
Payback
Capacity |
0,78 |
0,30 |
0,48 |
0,73 |
|
Long
term Indebtedness |
7,67 |
2,66 |
9,86 |
15,91 |
|
Gearing |
1.724,28 |
172,56 |
294,06 |
503,63 |
|
Financing
Basic Ratio |
1,00 |
1,00 |
1,00 |
1,03 |
|
Assets
Guarantee |
1,11 |
1,21 |
1,42 |
2,30 |
|
LIQUIDITY |
|
|
|
|
|
General
Liquidity |
0,91 |
0,90 |
1,25 |
1,90 |
|
Immediate
Liquidity |
0,08 |
0,04 |
0,10 |
0,29 |
The date
when this report was last updated is 27/11/2006.
This
company was last displayed on 27/11/2006,
it
has been viewed 36 times in the last quarter
and 232 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 |
|