MIRA
INFORM REPORT
|
Report Date : |
28.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
FACET PEDREROS SA |
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Registered Office : |
Avenida Diagonal, 463 08036 |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
12.01.1987 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesalers of jewellery articles. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Identification and
Characteristics
|
NAME |
FACET PEDREROS SA |
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TRADE NAME |
FACET |
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BUSINESS ADDRESS |
AVENIDA DIAGONAL, 463 |
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Postcode |
08036 |
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FORMER ADDRESS |
CALLE JONQUERES, 18 |
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Postcode |
08003 |
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URL |
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TELEPHONE |
933633480 |
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FAX |
933633481 |
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LEGAL FORM |
JOINT STOCK COMPANY |
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DATE FOUNDED |
12/01/1987 |
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CAPITAL |
1.138.500,00 Euros |
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PAID-UP CAPITAL |
1.138.500,00 Euros |
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NUMBER OF EMPLOYEES |
32 |
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ACTIVITY |
1619300 - Wholesale of jewellery
articles (jewels, watches, etc.) |
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CNAE |
5152 - Wholesale of metals and
metal ores |
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EXPORT COMPANY |
YES |
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IMPORT COMPANY |
YES |
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* Characteristics of the main address |
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According to our investigations
dated 12/07/2005 these premises are used as office . |
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Synthesis |
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FINANCIAL SITUATION (Year
ending: 31/12/2005) |
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PROFITABILITY |
Medium |
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TREASURY |
Very good |
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BALANCE SHEET |
Excellent |
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DEBT |
Medium |
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INCIDENTS |
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COMMITMENTS |
Respected |
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INCIDENTS |
None or Negligible |
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PREVIOUS EXPERIENCE |
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PREVIOUS EXPERIENCE |
Very favourable |
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Credit Appraisal
CREDIT ACCORDING TO OBJECTIVE DATA (From 0 to 6.000.000, 00 Euros):
FAVOURABLE TOWARDS 335.400,81 Max.
SOLVENCY RATING:
(BASED ON HOMOGENEOUS FORMULATION)
Financial Elements
Figures given in Euros
|
|
Balance
sheet 2.004 (12) |
Balance
sheet 2.005 (12) |
Estimate 2.006
(12) |
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SALES |
16.383.720,40 |
19.927.066,46 |
17.366.743,60 |
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ADDED VALUE |
1.655.488,97 |
2.417.727,56 |
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BUSINESS RESULT |
560.610,48 |
695.705,46 |
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OWN FUNDS |
2.919.289,49 |
3.510.632,45 |
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DEBT |
12.043.054,66 |
13.325.824,47 |
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TOTAL ASSET |
15.509.972,67 |
16.977.925,72 |
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The sales of 19.927.066,46
Euros show a change of 21,63% compared with
2.004 . |
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Added value grew by 46,04% compared
with the previous year. Shareholders equity are 3.510.632,45
Euros for an indebtedness of 13.325.824,47
Euros . |
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The result 695.705,46 Euros means
financial profitability of 19,82% and economic profitability of
4,10% . This result means growth of 24,10% compared with the
2.004 . |
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THE FIGURES FOR THE LAST BALANCE SHEET ARE
RELEVANT: |
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SOURCE: FROM THE MERCANTILE REGISTER |
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Results
Distribution |
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Annual Report Year Source: 2.005 |
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Figures given in Euros |
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Distribution Base |
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Profit and Loss |
695.705 |
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Total of Amounts to be
distributed |
695.705 |
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Distribution a |
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Voluntary Reserve |
591.343 |
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Dividends |
104.363 |
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Auditors’ opinion: |
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FAVOURABLE (2.005) |
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Auditors: |
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C.C. AUDITORES |
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Comparative Sector
Analysis
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Company |
Sector |
Difference |
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(2.005)
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% of PRODUCTION VALUE |
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SALES |
99,67 |
99,20 |
0,47 |
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ADDED
VALUE |
12,09 |
15,00 |
-2,91 |
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BUSINESS
RESULT |
3,48 |
3,38 |
0,10 |
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% OF TOTAL ASSETS |
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OWN
FUNDS |
20,68 |
38,65 |
-17,97 |
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DEBT |
78,49 |
61,35 |
17,14 |
Compared sector (CNAE): 515 - Comercio al por mayor de productos no agrarios semielaborados, chatarra y productos de desecho
Number of companies: 711
Size (Sales Figure): 7.000.000,00 - 40.000.000,00 Euros
The turnover of the company is 0,47% above the mean for the sector.
The company’s added value was 12,09% s/ the production value, and 2,91% below the mean for the sector.
The company’s business result was 3,48% of the PV, 0,10% above the mean for the sector.
The company’s own resources are 20,68% , 17,97% below the mean for the sector.
The company’s outside resources are 78,49% , 17,14% 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 |
ZEEVY PAZ |
18/11/2002 |
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AUDITOR |
CC AUDITORES SA |
22/01/2007 |
Functional Managers
|
Position |
Surname and name |
|
FINANCIAL MANAGER |
SERRET ANTOLIN JOSE MIGUEL |
|
HUMAN RESOURCES MANAGER |
QUER RIERA FRANCESC |
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COMMERCIAL MANAGER |
SERRET ANTOLIN JOSE MIGUEL |
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PURCHASES MANAGER |
SERRET ANTOLIN JOSE MIGUEL |
Financial Links
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Shareholders |
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Company Name |
CIF/Country |
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Source |
Information Date |
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FACET PEDREROS SA |
A58288168 |
Major. |
OWN SOURCES |
12/05/2006 |
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Shareholdings |
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Company Name |
CIF/Country |
Percent. |
Source |
Information Date |
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FRANGEM SARL |
FRANCIA |
99,98% |
M.REGISTER |
31/12/2005 |
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FACET DIAMONDS ANTWERPEN BVBA |
BÉLGICA |
99,00% |
M.REGISTER |
31/12/2005 |
|
FACET GEMS LIMITED |
REINO UNIDO |
80,00% |
M.REGISTER |
31/12/2005 |
|
FACET JEWELLERY SOLUTIONS S.L. |
B63802789 |
80,00% |
OWN SOURCES |
18/04/2007 |
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FACET PEDREROS SA |
A58288168 |
Major. |
OWN SOURCES |
12/05/2006 |
Proceedings published
in the B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Registration of accounts
(2005) |
31/01/2007 |
095975 |
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Appointments |
22/01/2007 |
033984 |
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Appointments |
22/01/2007 |
033983 |
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Appointments |
18/07/2006 |
368238 |
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Registration of accounts
(2004) |
28/09/2005 |
564809 |
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Brands, Signs and
Commercial Names
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Prevailing Brands |
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Name: |
FACET |
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Kind of Brand: |
JOINT |
File: |
M2092866 |
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Request Date: |
19/05/1997 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
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Types: 14
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Name: |
FACET |
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Kind of Brand: |
JOINT |
File: |
M2092867 |
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Request Date: |
19/05/1997 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
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Types: 35
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Prevailing Commercial
Names |
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Name: |
FACET |
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Kind of Brand: |
DENOMINATIVE |
File: |
N158422 |
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Request Date: |
16/11/1990 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
RENEWED REGISTER |
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Total Marcas: 3
Commercial Experience
PURCHASES
Imports:
BELGIA, INGLATERRA, FRANCIA
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
|
BANCO DE
SABADELL, S.A. |
0025 |
PASSEIG DE
GRACIA 000036 |
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BANCO POPULAR |
0002 |
PASSEIG DE
GRACIA, 17 |
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DEUTSCHE BANK
A.G., S.E. |
0002 |
PASEO DE
GRACIA,111 12 |
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BANCO BILBAO
VIZCAYA ARGENTARIA, S.A. |
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CAJA DE AHORROS
Y PENSIONES DE |
0900 |
VIA LAIETANA, 56 |
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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 29/01/2007
Balance Sheet
(ASSETS)
|
(Figures given in Euros) |
31/12/2003 (12)
|
31/12/2004 (12)
|
31/12/2005 (12)
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A) DUE FROM SHAREHOLDERS FOR UNCALLED
CAPITAL |
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B) FIXED ASSETS |
2.519.053,39 |
3.201.469,03 |
3.669.680,10 |
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I. Establishment expenses |
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II. Intangible assets |
176.377,75 |
141.563,95 |
216.199,12 |
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Software |
144.662,16 |
178.040,96 |
210.352,96 |
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Leasing |
150.796,66 |
119.333,94 |
192.195,84 |
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Amortization |
-119.081,07 |
-155.810,95 |
-186.349,68 |
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III. Tangible assets |
1.250.123,45 |
1.222.517,28 |
1.179.093,58 |
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Property, plant and equipment |
849.811,42 |
849.811,42 |
849.811,42 |
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Machinery, equipment and other |
27.205,10 |
30.273,57 |
31.908,77 |
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Other property plant and equipment |
444.077,17 |
461.285,11 |
480.689,55 |
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Other assets |
166.849,40 |
224.159,00 |
200.825,22 |
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Depreciation |
-237.819,64 |
-343.011,82 |
-384.141,38 |
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IV. Financial assets |
985.996,99 |
1.730.832,60 |
2.167.832,20 |
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Shares in affiliated companies |
91.518,17 |
629.652,34 |
1.589.702,34 |
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Loans to affiliated companies |
577.813,98 |
551.588,24 |
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Other loans |
250.777,37 |
496.422,03 |
128.598,80 |
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Long term deposits and guarantees |
115.877,47 |
103.159,99 |
499.521,06 |
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Provisions |
-49.990,00 |
-49.990,00 |
-49.990,00 |
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V. Owners equity |
106.555,20 |
106.555,20 |
106.555,20 |
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VI. Long term trade liabilities |
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|
|
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C) DEFERRED EXPENSES |
15.045,43 |
11.848,80 |
16.483,06 |
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D) CURRENT ASSETS |
11.394.803,14 |
12.296.654,84 |
13.291.762,56 |
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I. Not paid in shareholder capital |
|
|
|
|
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II. Inventory |
1.383.152,45 |
3.952.965,74 |
2.105.037,59 |
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Goods available for sale |
1.383.152,45 |
3.952.965,74 |
2.105.037,59 |
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III. Debtors |
9.685.723,65 |
8.206.715,41 |
10.931.862,11 |
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Clients |
7.687.692,16 |
7.815.288,65 |
7.262.793,02 |
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Amounts owned by affiliated companies |
2.159.740,70 |
558.608,65 |
3.733.012,86 |
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Other debts |
25.257,05 |
25.542,03 |
53.611,18 |
|
|
Labor costs |
14.109,93 |
5.535,24 |
20.187,70 |
|
|
Taxes refunds |
28.223,48 |
21.971,11 |
18.303,79 |
|
|
Provisions |
-229.299,67 |
-220.230,27 |
-156.046,44 |
|
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IV. Short term financial assets |
285,48 |
|
|
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Other loans |
285,48 |
|
|
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V. Short term owners equity |
|
|
|
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VI. Cash |
308.506,95 |
127.558,07 |
254.318,48 |
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VII. Prepaid expenses and accrued income |
17.134,61 |
9.415,62 |
544,38 |
|
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ASSETS (A + B + C + D) |
13.928.901,96 |
15.509.972,67 |
16.977.925,72 |
Balance Sheet
(LIABILITIES)
|
(Figures given in Euros) |
31/12/2003 (12)
|
31/12/2004 (12)
|
31/12/2005 (12)
|
|
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|
A) SHAREHOLDERS EQUITY |
2.463.041,51 |
2.919.289,49 |
3.510.632,45 |
|
|
I. Capital |
1.138.500,00 |
1.138.500,00 |
1.138.500,00 |
|
|
II. Premium share account |
64.900,00 |
64.900,00 |
64.900,00 |
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III. Revaluation reserve |
|
|
|
|
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IV. Reserves |
978.172,07 |
1.155.279,01 |
1.611.526,99 |
|
|
Retained earnings |
227.700,35 |
227.700,35 |
227.700,35 |
|
|
Sinking fund from owner equity |
106.555,20 |
106.555,20 |
106.555,20 |
|
|
Other funds |
643.828,17 |
820.935,11 |
1.277.183,09 |
|
|
Capital adjustments in Euros |
88,35 |
88,35 |
88,35 |
|
|
V. Prior year earnings |
|
|
|
|
|
VI. Prior year profit or losses |
281.469,44 |
560.610,48 |
695.705,46 |
|
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VII. Dividend paid during the year |
|
|
|
|
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VIII. Own shares for change in capital |
|
|
|
|
|
B) DEFERRED INCOME |
407.624,19 |
503.957,26 |
89.172,26 |
|
|
Rate difference |
407.624,19 |
503.957,26 |
89.172,26 |
|
|
C) PROVISIONS FOR LIABILITIES AND EXPENSES |
|
43.671,26 |
52.296,54 |
|
|
Other provisions |
|
43.671,26 |
52.296,54 |
|
|
D) LONG TERM LIABILITIES |
987.991,35 |
750.472,21 |
2.853.975,86 |
|
|
I. Bonds |
|
|
|
|
|
II. Bank loans |
732.532,85 |
600.219,18 |
2.637.062,83 |
|
|
Long term bank loans |
732.532,85 |
600.219,18 |
2.637.062,83 |
|
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III. Debts with associated and affiliated
companies |
|
|
|
|
|
IV. Other creditors |
255.458,50 |
150.253,03 |
216.913,03 |
|
|
Other debts |
255.458,50 |
150.253,03 |
210.253,03 |
|
|
Long term deposit and guaranties |
|
|
6.660,00 |
|
|
V. Deferred debts on shares |
|
|
|
|
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VI. Long term debt with creditor |
|
|
|
|
|
E) SHORT TERM LIABILITIES |
10.070.244,91 |
11.292.582,45 |
10.471.848,61 |
|
|
I. Negotiable bonds |
|
|
|
|
|
II. Bank loans |
4.873.389,76 |
4.980.919,58 |
6.488.429,34 |
|
|
Loans and other debts |
4.872.432,26 |
4.980.452,18 |
6.488.429,34 |
|
|
Debt interest |
957,50 |
467,40 |
|
|
|
III. Short term
debts with associated and affiliated companies |
204.260,86 |
|
|
|
|
With affiliated companies |
204.260,86 |
|
|
|
|
IV. Trade creditors |
4.383.472,91 |
5.855.841,96 |
3.266.586,78 |
|
|
Expenses |
4.383.472,91 |
5.855.841,96 |
3.266.586,78 |
|
|
V. Other non trade payables |
593.990,19 |
440.689,72 |
673.347,16 |
|
|
Government |
487.961,31 |
362.267,59 |
537.227,38 |
|
|
Other debts |
106.028,88 |
78.422,13 |
136.119,78 |
|
|
VI. Provisions for current assets |
15.131,19 |
15.131,19 |
43.485,33 |
|
|
VII. Accruals and deferred incomes |
|
|
|
|
|
F) SHORT TERM PROVISIONS FOR LIABILITIES
AND EXPENSES |
|
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
13.928.901,96 |
15.509.972,67 |
16.977.925,72 |
Profit and Loss
Account
|
(Figures given in Euros) |
31/12/2003 (12)
|
31/12/2004 (12)
|
31/12/2005 (12)
|
|
|
|
A) EXPENSES (A.1 a A.15) |
13.204.124,79 |
16.418.525,05 |
19.833.166,83 |
|
|
A.1 Operating Expenses |
10.918.154,49 |
13.967.434,82 |
16.722.231,26 |
|
|
A.3. Labor cost |
830.528,80 |
902.118,75 |
988.586,29 |
|
|
Wages |
673.524,64 |
731.617,62 |
798.323,48 |
|
|
Social security expenses |
157.004,16 |
170.501,13 |
190.262,81 |
|
|
A.3. Assets depreciation |
119.682,18 |
141.922,06 |
135.048,84 |
|
|
A.4. Variance in provision for current
assets |
11.197,04 |
6.523,34 |
11.109,43 |
|
|
A.5. Other operating costs |
595.724,39 |
814.850,14 |
853.103,24 |
|
|
A.I. OPERATING RESULT
(B.1-A.1-A.2-A.3-A.4-A.5) |
449.468,42 |
604.924,82 |
1.282.983,00 |
|
|
A.6. Financial expenses |
209.771,98 |
207.958,83 |
269.797,88 |
|
|
Other companies debts |
209.771,98 |
207.958,83 |
269.797,88 |
|
|
A.7. Variation in financial investments
provision |
|
|
|
|
|
A.8. Exchange losses |
352.854,99 |
172.667,41 |
643.419,06 |
|
|
A.II. POSITIVE
FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8) |
|
134.265,50 |
|
|
|
A.III. PROFIT
FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II) |
447.660,65 |
739.190,32 |
785.806,52 |
|
|
A.9. Variation in provision in fixed
assets |
21.729,95 |
|
|
|
|
A.10. Losses in fixed assets |
351,91 |
|
|
|
|
A.11. Losses from shares and bonds |
|
|
|
|
|
A.12. Extraordinary charges |
|
43.730,32 |
8.625,28 |
|
|
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) |
|
|
111.144,49 |
|
|
A.V. EARNINGS /
LOSS BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
425.598,50 |
721.929,86 |
896.951,01 |
|
|
A.14. Corporate Taxes |
144.129,06 |
161.319,38 |
201.245,55 |
|
|
A.15. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.14-A.15) |
281.469,44 |
560.610,48 |
695.705,46 |
|
|
B) INCOMES (B.1 a B.8) |
13.485.594,23 |
16.979.135,53 |
20.528.872,29 |
|
|
B.1. Operating income |
12.924.755,32 |
16.437.773,93 |
19.993.062,06 |
|
|
Turnover |
12.924.755,32 |
16.383.720,40 |
19.927.066,46 |
|
|
Other operating income |
|
54.053,53 |
65.995,60 |
|
|
B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
|
B.2. Financial Income |
44.374,94 |
45.911,91 |
70.412,79 |
|
|
In affiliated companies |
13.302,83 |
16.716,33 |
34.625,36 |
|
|
Other |
31.072,11 |
29.195,58 |
35.787,43 |
|
|
B.3. Gains on exchange |
516.444,26 |
468.979,83 |
345.627,67 |
|
|
B.II. FINANCIAL LOSSES
(A.6+A.7+A.8-B.2-B.3) |
1.807,77 |
|
497.176,48 |
|
|
B.III. LOSSES
FROM ORDINARY ACTIVITIES (B.I+B.II-A.I-A.II) |
|
|
|
|
|
B.4. Gains from disposal of fixed assets |
|
|
19.938,93 |
|
|
B.5. Gains from dealing in own shares |
|
|
|
|
|
B.6. Paid in surplus |
|
|
|
|
|
B.7. Extraordinary income |
19,71 |
26.469,86 |
99.830,84 |
|
|
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) |
22.062,15 |
17.260,46 |
|
|
|
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 (12) |
2.004 (12) |
2.005 (12) |
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
2,10 |
26,76 |
21,63 |
|
|
Assets Turnover |
0,93 |
1,06 |
1,17 |
|
|
Productivity |
1,70 |
1,84 |
2,45 |
|
|
Increase of the Added Value |
-7,16 |
17,34 |
46,04 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
2,02 |
3,62 |
4,10 |
|
|
Financial Profitability |
11,43 |
19,20 |
19,82 |
|
|
Financial Expenses |
1,62 |
1,27 |
1,35 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
270,00 |
180,00 |
197,00 |
|
|
Suppliers’ Credit (In days of sales) |
145,00 |
151,00 |
70,00 |
|
|
Working Capital (In days of sales) |
37,00 |
22,00 |
51,00 |
|
|
Working Capital Requirement (In days of
sales) |
164,00 |
129,00 |
164,00 |
|
|
Treasury (In days of sales) |
0,00 |
0,00 |
0,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
1.324.558,23 |
1.004.072,39 |
2.819.913,95 |
|
|
Working Capital Requirement |
5.889.155,56 |
5.857.433,90 |
9.054.024,81 |
|
|
Treasury |
-4.564.597,33 |
-4.853.361,51 |
-6.234.110,86 |
|
|
Balance Ratio |
1,52 |
1,31 |
1,77 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
79,39 |
77,65 |
78,49 |
|
|
Own / Permanent Funds |
63,83 |
69,22 |
53,96 |
|
|
Payback Capacity |
0,85 |
0,73 |
0,66 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,13 |
1,09 |
1,27 |
|
|
Immediate Liquidity |
0,03 |
0,01 |
0,02 |
Sectorial Analysis
Summary of Assets, Liability & Equity
|
(Figures given in Percentages) |
Company |
Sector |
Difference |
|
|
2.005 |
|
|
|
Assets |
|||
|
DUE FROM SHAREHOLDERS
FOR UNCALLED CAPITAL |
0,00 |
0,02 |
-0,02 |
|
FIXED ASSETS |
21,61 |
26,19 |
-4,58 |
|
ACCRUED EXPENSES |
0,10 |
0,38 |
-0,28 |
|
CURRENT ASSETS |
78,29 |
73,41 |
4,88 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS EQUITY |
20,68 |
38,65 |
-17,97 |
|
ACCRUED INCOME |
0,53 |
0,21 |
0,32 |
|
RISK AND EXPENDITURE
COVER |
0,31 |
0,20 |
0,11 |
|
LONG-TERM CREDITORS |
16,81 |
7,12 |
9,69 |
|
SHORT-TERM CREDITORS |
61,68 |
53,79 |
7,89 |
|
SHORT-TERM RISK AND EXPENDITURE
COVER |
0,00 |
0,03 |
-0,03 |
|
TOTAL LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account of
Results
|
(Figures given in Percentages) |
Company |
Sector |
Difference |
|
|
2.005 |
|
|
|
Net turnover |
99,67 |
99,20 |
0,47 |
|
Other operating income |
0,33 |
0,80 |
-0,47 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
83,64 |
76,37 |
7,27 |
|
Other operation expenses |
4,27 |
8,63 |
-4,37 |
|
Added value |
12,09 |
15,00 |
-2,91 |
|
Labor cost |
4,94 |
8,03 |
-3,09 |
|
Gross Economic Result |
7,15 |
6,96 |
0,18 |
|
Assets depreciation |
0,68 |
1,33 |
-0,66 |
|
Variation in provision
for current assets |
0,06 |
0,35 |
-0,29 |
|
Net Economic Result |
6,42 |
5,28 |
1,14 |
|
Financial income |
2,08 |
0,46 |
1,62 |
|
Financial expenses |
4,57 |
0,84 |
3,72 |
|
Variation in financial
investment provision |
0,00 |
0,01 |
-0,01 |
|
Ordinary Activities
Result |
3,93 |
4,89 |
-0,96 |
|
Extraordinary income |
0,60 |
0,33 |
0,27 |
|
Extraordinary expenses |
0,04 |
0,20 |
-0,16 |
|
Variation in provision
in fixed assets |
0,00 |
0,05 |
-0,05 |
|
Results before Taxes |
4,49 |
4,97 |
-0,48 |
|
Corporaye taxes |
1,01 |
1,59 |
-0,58 |
|
Net Result |
3,48 |
3,38 |
0,10 |
|
Assets depreciation |
0,68 |
1,33 |
-0,66 |
|
Provisions fund
variation |
0,06 |
0,41 |
-0,35 |
|
Net Self-Financing |
4,21 |
5,12 |
-0,91 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.005 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales
Figures |
21,63 |
2,30 |
10,29 |
20,75 |
|
Assets Turnover |
1,17 |
1,27 |
1,67 |
2,24 |
|
Fixed Assets Turnover |
5,41 |
4,70 |
9,55 |
21,15 |
|
Increase of the Added
Value |
46,04 |
-1,12 |
9,34 |
20,60 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
2,45 |
1,48 |
1,81 |
2,40 |
|
Change of Personnel
Costs |
9,58 |
2,68 |
8,82 |
17,68 |
|
Average Personnel Costs |
29.957,16 |
22.032,50 |
28.037,66 |
35.582,79 |
|
Value Added by Employees |
73.264,47 |
38.745,00 |
52.015,91 |
76.446,75 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
841.863,73 |
242.175,12 |
479.452,13 |
914.889,51 |
|
Operating Cash Flow |
1.429.141,27 |
355.471,78 |
687.705,88 |
1.239.490,85 |
|
Change in Cash Flow |
18,73 |
-12,93 |
8,70 |
34,63 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
4,10 |
1,96 |
4,02 |
7,36 |
|
Financial Profitability |
19,82 |
7,86 |
12,76 |
20,09 |
|
Financial Expenses |
1,35 |
0,27 |
0,61 |
1,07 |
|
Gross Economic
Profitability |
8,42 |
5,99 |
9,83 |
13,96 |
|
Gross Financial
Profitability |
40,71 |
19,68 |
30,81 |
46,50 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In
days of sales) |
197,00 |
73,40 |
103,37 |
129,62 |
|
Suppliers’ Credit (In
days of sales) |
70,00 |
26,96 |
72,10 |
109,57 |
|
Working Capital (In days
of sales) |
50,00 |
12,60 |
36,81 |
71,55 |
|
Working Capital
Requirement (In days of sales) |
163,00 |
21,79 |
63,99 |
100,47 |
|
Treasury (In days of
sales) |
0,00 |
-49,06 |
-6,04 |
12,89 |
|
Operating Current Assets |
240,00 |
125,85 |
168,74 |
209,93 |
|
BALANCE |
|
|
|
|
|
Working Capital |
2.819.913,95 |
356.443,04 |
1.278.680,67 |
2.520.431,88 |
|
Working Capital
Requirement |
9.054.024,81 |
633.356,57 |
2.036.088,52 |
3.631.724,36 |
|
Treasury |
-6.234.110,86 |
-1.833.291,94 |
-218.700,31 |
397.436,43 |
|
Balance Ratio |
1,76 |
1,27 |
1,96 |
3,82 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
78,49 |
49,39 |
66,74 |
78,95 |
|
Own / Permanent Funds |
53,96 |
74,53 |
92,28 |
99,36 |
|
Payback Capacity |
0,66 |
0,24 |
0,35 |
0,49 |
|
Long term Indebtedness |
16,81 |
0,05 |
2,47 |
10,06 |
|
Gearing |
483,61 |
197,60 |
300,71 |
475,15 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
1,27 |
1,23 |
1,47 |
1,96 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,27 |
1,11 |
1,30 |
1,74 |
|
Immediate Liquidity |
0,02 |
0,03 |
0,10 |
0,25 |
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 |
|
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%)