MIRA
INFORM REPORT
|
Report Date : |
31st
January, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
ITEM INTERNATIONAL SA |
|
|
|
|
Registered Office : |
Calle
Ferrocarril (Pg Ind Can Estape.), 7 08755 Castellbisbal
(Barcelona) |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on): |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
17/04/1984 |
|
|
|
|
Legal Form : |
Joint
Stock Company |
|
|
|
|
Line of Business : |
Wholesale of other products |
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 : |
Unknown |
|
|
|
|
Litigation : |
Clear |
Identification and
Characteristics
Tax Number A58025313
NAME ITEM
INTERNATIONAL SA
BUSINESS ADDRESS CALLE
FERROCARRIL (PG IND CAN ESTAPE.), 7
Postcode 08755
CASTELLBISBAL (BARCELONA)
FORMER ADDRESS LUGAR
CAN PI VILAROCH CL CESAR
Postcode 08191
RUBI (BARCELONA)
URL http://www.itemint.es
TELEPHONE 937768300
FAX 937746013
LEGAL FORM JOINT
STOCK COMPANY
DATE FOUNDED 17/04/1984
CAPITAL 601.000,00 Euros
PAID-UP CAPITAL 601.000,00 Euros
NUMBER OF EMPLOYEES 70
ACTIVITY 1619900 - Wholesale
of other products
CNAE 5170 - Other
wholesale
EXPORT COMPANY YES
IMPORT COMPANY YES
* Characteristics
of the main address
According to our
researches dated 17/01/2005 these are it is
a/an office, factory, warehouse used as shared
premises located in a industrial area and it is located in an
area secondary .
Synthesis
FINANCIAL SITUATION
(Year ending: 31/12/2005)
PROFITABILITY Medium
TREASURY Limited
BALANCE SHEET Degraded
DEBT Important
INCIDENTS
COMMITMENTS Respected
INCIDENTS None
or Negligible
PREVIOUS EXPERIENCE
PREVIOUS EXPERIENCE Average
Credit Appraisal
CREDIT ACCORDING TO
OBJECTIVE DATA (From 0 to 6.000.000,00 Euros):
FAVOURABLE
TOWARDS 344.001,30 Max.
Financial Elements
Figures given in Euros
|
|
Balance sheet 2.003 (12) |
Balance sheet 2.004 (12) |
Balance sheet 2.005 (12) |
% Sales
|
|
SALES |
29.645.959,62 |
31.073.681,44 |
33.343.980,55 |
|
|
ADDED VALUE |
4.428.453,30 |
3.760.484,61 |
3.593.042,48 |
10,78 |
|
BUSINESS RESULT |
1.032.340,77 |
764.158,67 |
427.626,43 |
1,28 |
|
OWN FUNDS |
4.190.204,08 |
4.954.362,75 |
5.205.518,59 |
|
|
DEBT |
15.614.726,93 |
28.400.202,90 |
28.780.621,34 |
|
|
TOTAL ASSET |
19.804.931,01 |
33.354.565,65 |
34.210.812,79 |
|
The sales of
33.343.980,55 Euros show a change of 7,31%
compared with 2.004 . Between 2.003 and
2.004 , this change was 4,82% .
Added value grew by
-4,45% compared with the previous year. Shareholders equity are
5.205.518,59 Euros for an indebtedness of 28.780.621,34
Euros .
The result
427.626,43 Euros means financial profitability of
8,21% and economic profitability of 1,25% . This result
means growth of -44,04% compared with the 2.004 .
THE FIGURES FOR THE
LAST BALANCE SHEET ARE RELEVANT:
SOURCE: FROM THE
MERCANTILE REGISTER
DATE: 31/10/2006
Results Distribution
Annual Report Year
Source: 2.005
Figures given in
Euros
Distribution Base
Profit
and Loss
Total of
Amounts to be distributed
Distribution a
Voluntary
Reserve
Auditors’ opinion:
FAVOURABLE (2.005)
Auditors:
MATURANA Y ASOCIADOS
AUDITORES S.L.
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.005)
|
|
|
|
% of
PRODUCTION VALUE |
|
|
|
|
SALES |
100,00 |
99,04 |
0,96 |
|
ADDED
VALUE |
10,78 |
17,11 |
-6,33 |
|
BUSINESS
RESULT |
1,28 |
3,54 |
-2,26 |
|
% OF TOTAL
ASSETS |
|
|
|
|
OWN
FUNDS |
15,22 |
39,35 |
-24,13 |
|
DEBT |
84,13 |
60,65 |
23,48 |
Compared sector (CNAE): 517 - Otro comercio
al por mayor
Number of companies: 178
Size (Sales Figure): 7.000.000,00 -
40.000.000,00 Euros
The turnover of the company is
0,96% above the mean for the sector.
The company’s added value was
10,78% s/ the production value, and 6,33% below the mean for the
sector.
The company’s business result
was 1,28% of the PV, 2,26% below the mean for the sector.
The company’s own resources are
15,22% , 24,13% below the mean for the sector.
The company’s outside resources
are 84,13% , 23,48% 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 |
|
ADMINISTRATOR |
PEREZ BARRAGAN MANUEL JESUS
JUAN |
18/08/2005 |
|
AUDITOR |
MATURANA Y ASOCIADOS AUDITORES
SL |
30/01/2006 |
Functional Managers
|
Position |
Surname and name |
|
FINANCIAL MANAGER |
MILLAN JAUMA |
|
EXPORTS MANAGER |
INVERS EDUARD |
Financial Links
|
Shareholders |
||||
|
Company Name |
CIF/Country |
|
Source |
Information Date |
|
|
B58566266 |
100,00% |
OWN SOURCES |
18/05/2006 |
M.P.R. INVERSIONES SL
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Registration of accounts
(2005) |
12/12/2006 |
001527 |
BARCELONA |
|
Appointments |
24/04/2006 |
217317 |
BARCELONA |
|
Appointments |
30/01/2006 |
047200 |
BARCELONA |
|
Registration of accounts
(2004) |
28/11/2005 |
991143 |
BARCELONA |
|
Appointments |
18/08/2005 |
362399 |
BARCELONA |
Complementary Information
Actividad: Venta
mayor de articulos de papeleria, jugueteria...
Sucursal: Cl Cesar Martinelli
Brunet S/n, Pol.Ind.Rubi Sur 08191 Rubi
(Barcelona).
Remarks for customer
The address included in your
enquiry belongs to a branch
Brands, Signs and Commercial
Names
|
Prevailing
Brands |
|||||
|
Name: |
DETALL ITEM
I |
||||
|
Kind of
Brand: |
JOINT |
File: |
M2432600 |
||
|
Request Date: |
24/10/2001 |
Bulletin
Date: |
Bulletin
Date: |
Current
situation: |
APPROVED
REGISTER |
|
Types: 35
|
|
||||
Total Marcas: 1
Branches
|
Road |
Postal Code |
Town |
Province |
|
CESAR MARTINELL BRUNET(RUBI
SU) |
08191 |
RUBI |
BARCELONA |
Commercial Experience
PURCHASES
Import Percentage: 98%
Imports::
Extremo Oriente, Portugal, Italia y Alemania
SALES
Collection (estimated)
Credit sales percentage 100 %
Export Percentage: 10%
Exports::
CEE, Europa del Este y Norte de Africa
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
|
BANCO BILBAO VIZCAYA
ARGENTARIA, S.A. |
|
|
RUBI |
|
|
BANCO POPULAR ESPAŃOL, S.A. |
0430 |
AV. BARCELONA, 34 |
RUBI |
BARCELONA |
|
BANCO DE SABADELL, S.A. |
5098 |
C NOU DE SANT PERE
000039 |
TERRASSA |
BARCELONA |
|
BANCO ESPAŃOL DE CREDITO, S.A. |
|
|
|
|
|
BANCO SANTANDER CENTRAL
HISPANO, S.A. |
|
|
|
|
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 (12)
|
31/12/2004 (12)
|
31/12/2005 (12)
|
|
|
|
A) DUE FROM SHAREHOLDERS FOR
UNCALLED CAPITAL |
|
|
|
|
|
B) FIXED ASSETS |
4.987.635,28 |
15.053.424,58 |
15.892.961,20 |
|
|
I. Establishment expenses |
|
|
|
|
|
II. Intangible assets |
|
|
|
|
|
Concessions, patents,licences
, trademarks |
1.280,78 |
1.280,78 |
1.280,78 |
|
|
Amortization |
-1.280,78 |
-1.280,78 |
-1.280,78 |
|
|
III. Tangible assets |
3.972.685,58 |
14.406.101,46 |
14.212.151,74 |
|
|
Property, plant and equipment |
3.091.626,75 |
12.917.207,89 |
12.997.775,26 |
|
|
Machinery, equipment and other |
1.010.705,28 |
1.648.202,92 |
2.145.318,22 |
|
|
Other property plant and
equipement |
110.481,38 |
111.877,23 |
168.965,61 |
|
|
Prepaid expenses on fixed
assets |
110.990,73 |
359.060,48 |
|
|
|
Other assets |
234.703,43 |
261.193,70 |
285.615,33 |
|
|
Depreciation |
-585.821,99 |
-891.440,76 |
-1.385.522,68 |
|
|
IV. Financial assets |
1.014.949,70 |
647.323,12 |
1.680.809,46 |
|
|
Securities |
870.645,12 |
870.645,12 |
1.873.596,20 |
|
|
Long term deposits and
guarantees |
434.020,83 |
54.020,83 |
54.020,83 |
|
|
Provisions |
-289.716,25 |
-277.342,83 |
-246.807,57 |
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term trade
liabilities |
|
|
|
|
|
C) DEFERRED EXPENSES |
|
|
|
|
|
D) CURRENT ASSETS |
14.817.295,73 |
18.301.141,07 |
18.317.851,59 |
|
|
I. Not paid in shareholder
capital |
|
|
|
|
|
II. Inventory |
8.849.942,31 |
9.871.799,22 |
10.614.335,31 |
|
|
Goods available for sale |
11.073.268,55 |
12.336.971,50 |
13.222.774,88 |
|
|
Provisions |
-2.223.326,24 |
-2.465.172,28 |
-2.608.439,57 |
|
|
III. Debtors |
5.493.016,92 |
8.082.348,60 |
6.584.653,06 |
|
|
Clients |
4.916.642,15 |
6.179.933,84 |
6.499.459,92 |
|
|
Other debts |
462.910,27 |
18.282,77 |
7.099,52 |
|
|
Taxes refunds |
199.936,38 |
2.001.420,04 |
194.791,19 |
|
|
Provisions |
-86.471,88 |
-117.288,05 |
-116.697,57 |
|
|
IV. Short term financial
assets |
|
|
|
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
438.496,71 |
296.620,49 |
1.057.801,36 |
|
|
VII. Prepaid expenses and
accrued income |
35.839,79 |
50.372,76 |
61.061,86 |
|
|
ASSETS (A + B + C + D) |
19.804.931,01 |
33.354.565,65 |
34.210.812,79 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
31/12/2005 (12)
|
|
|
|
A) SHAREHOLDERS EQUITY |
4.190.204,08 |
4.954.362,75 |
5.205.518,59 |
|
|
I. Capital |
601.000,00 |
601.000,00 |
601.000,00 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
2.556.863,31 |
3.589.204,08 |
4.176.892,16 |
|
|
Retained earnings |
120.200,00 |
326.668,15 |
479.499,88 |
|
|
Other funds |
2.436.651,21 |
3.262.523,83 |
3.697.392,28 |
|
|
Capital adjustments in Euros |
12,10 |
12,10 |
|
|
|
V. Prior year earnings |
|
|
|
|
|
VI. Prior year profit or
losses |
1.032.340,77 |
764.158,67 |
427.626,43 |
|
|
VII. Dividend paid during the
year |
|
|
|
|
|
VIII. Own shares for change in
capital |
|
|
|
|
|
B) DEFERRED INCOME |
|
|
224.672,86 |
|
|
Rate difference |
|
|
224.672,86 |
|
|
C) PROVISIONS FOR LIABILITIES
AND EXPENSES |
|
|
|
|
|
D) LONG TERM LIABILITIES |
710.191,84 |
7.895.619,07 |
7.883.602,74 |
|
|
I. Bonds |
|
|
|
|
|
II. Bank loans |
710.191,84 |
7.895.619,07 |
7.883.602,74 |
|
|
Long term bank loans |
710.191,84 |
7.895.619,07 |
7.883.602,74 |
|
|
III. Debts with associed and
affiliated companies |
|
|
|
|
|
IV. Other creditors |
|
|
|
|
|
V. Deferred debts on shares |
|
|
|
|
|
VI. Long term debt with
creditor |
|
|
|
|
|
E) SHORT TERM LIABILITIES |
14.904.535,09 |
20.504.583,83 |
20.897.018,60 |
|
|
I. Negotiable bonds |
|
|
|
|
|
II. Bank loans |
4.454.345,65 |
10.421.422,38 |
9.144.634,50 |
|
|
Loans and other debts |
4.454.345,65 |
10.421.422,38 |
9.144.634,50 |
|
|
III. Short term debts with associated
and affiliated companies |
|
|
|
|
|
IV. Trade creditors |
9.683.375,69 |
9.652.588,99 |
11.057.957,25 |
|
|
Expenses |
9.683.375,69 |
9.652.588,99 |
11.057.957,25 |
|
|
V. Other non trade payables |
629.438,75 |
221.767,41 |
451.743,08 |
|
|
Government |
629.438,75 |
221.767,41 |
451.385,78 |
|
|
Accounts receivable |
|
|
357,30 |
|
|
VI. Provisions for current
assets |
|
|
|
|
|
VII. Accruals and deferred
incomes |
137.375,00 |
208.805,05 |
242.683,77 |
|
|
F) SHORT TERM PROVISIONS FOR
LIABILITIES AND EXPENSES |
|
|
|
|
|
LIABILITIES (A + B + C + D + E
+ F) |
19.804.931,01 |
33.354.565,65 |
34.210.812,79 |
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.16) |
|
|
|
|
|
A.1. Change in stocks of
finished goods and work in progress |
|
|
|
|
|
A.2. Supplies |
19.961.863,93 |
20.552.303,28 |
22.440.073,79 |
|
|
Material consumed |
19.961.863,93 |
20.257.082,28 |
22.105.139,03 |
|
|
Raw materials consumed |
|
295.221,00 |
334.934,76 |
|
|
A.3. Labor cost |
1.588.142,45 |
1.805.007,61 |
2.027.067,13 |
|
|
Wages |
1.202.178,25 |
1.393.946,47 |
1.571.945,47 |
|
|
Social security expenses |
385.964,20 |
411.061,14 |
455.121,66 |
|
|
A.4. Assets depreciation |
154.937,44 |
305.618,77 |
494.081,92 |
|
|
A.5 Variance in provision for
current assets |
1.093.995,30 |
272.662,21 |
142.007,18 |
|
|
Variance in provision for
inventory |
1.059.460,09 |
241.846,04 |
143.267,29 |
|
|
Variance in provision for bad
debts |
34.535,21 |
30.816,17 |
-1.260,11 |
|
|
A.6. Other operating costs |
5.255.642,39 |
6.760.893,55 |
7.310.864,28 |
|
|
External costs |
5.237.312,62 |
6.463.592,37 |
7.277.014,65 |
|
|
Taxes |
18.329,77 |
297.301,18 |
33.849,63 |
|
|
A.I. OPERATING RESULT
(B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6) |
1.591.378,11 |
1.377.196,02 |
929.886,25 |
|
|
A.7. Financial expenses |
176.944,03 |
371.514,49 |
466.350,12 |
|
|
Other companies debts |
176.944,03 |
371.514,49 |
466.350,12 |
|
|
A.8. Variation in financial
investments provision |
-46.440,93 |
-12.373,42 |
-30.535,26 |
|
|
A.9. Exchange losses |
|
|
|
|
|
A.II. POSITIVE FINANCIAL
RESULTS (B.5+B.6+B.7+B.8-A.7-A.8-A.9) |
|
|
|
|
|
A.III. PROFIT FROM ORDINARY
ACTIVITIES (A.I+A.II-B.I-B.II) |
1.464.897,01 |
1.020.427,27 |
515.139,36 |
|
|
A.10. Variation in provision
in fixed assets |
|
|
|
|
|
A.11. Losses in fixed assets |
8.400,00 |
|
|
|
|
A.12. Losses from shares and
bonds |
|
|
|
|
|
A.13. Extraordinary charges |
3.491,53 |
684,81 |
2.406,38 |
|
|
A.14. Prior year’s expenses
and losses |
|
462,22 |
|
|
|
A.IV. POSITIVE EXTRAORDINARY
RESULT (B.9+B.10+B.11+B.12+B.13-A.10-A.11-A.12-A.13-A.14) |
33.477,46 |
19.094,08 |
37.323,32 |
|
|
A.V. EARNINGS / LOSS BEFORE
TAXES (A.III+A.IV-B.III-B.IV) |
1.498.374,47 |
1.039.521,35 |
552.462,68 |
|
|
A.15. Corporate Taxes |
466.033,70 |
275.362,68 |
124.836,25 |
|
|
A.16. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.15-A.16) |
1.032.340,77 |
764.158,67 |
427.626,43 |
|
|
B) INCOMES (B.1 a B13) |
|
|
|
|
|
B.1. Turnover |
29.645.959,62 |
31.073.681,44 |
33.343.980,55 |
|
|
Sales |
31.331.148,59 |
32.839.532,28 |
35.354.817,86 |
|
|
Discounts |
-1.685.188,97 |
-1.765.850,84 |
-2.010.837,31 |
|
|
B.2. Increase in inventory of
finished goods |
|
|
|
|
|
B.3. Expenses capitalized |
|
|
|
|
|
B.4. Other operating income |
|
|
|
|
|
B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5+A.6-B.1-B.2-B.3-B.4) |
|
|
|
|
|
B.5. Incomes from share |
4.022,00 |
1.297,63 |
|
|
|
From other companies |
4.022,00 |
1.297,63 |
|
|
|
B.6. Income from securities |
|
|
|
|
|
B.7. Other income from
interrest |
|
1.074,69 |
21.067,97 |
|
|
From other companies |
|
1.074,69 |
21.067,97 |
|
|
B.8. Gains on exchange |
|
|
|
|
|
B.II. FINANCIAL LOSSES
(A.7+A.8+A.9-B.5-B.6-B.7-B.8) |
126.481,10 |
356.768,75 |
414.746,89 |
|
|
B.III. LOSSES FROM ORDINARY
ACTIVITIES (B.I+B.II-A.I-A.II) |
|
|
|
|
|
B.9. Gains from disposal of
fixed assets |
|
|
|
|
|
B.10. Gains from dealing in
own shares |
|
|
|
|
|
B.11. Paid in surplus |
|
|
|
|
|
B.12. Extraordinary income |
45.368,99 |
20.241,11 |
39.729,70 |
|
|
B.13. Prior year’s income and
profits |
|
|
|
|
|
B.IV. EXTRAORDINARY LOSSES
(A.10+A.11+A.12+A.13+A.14-B.9-B.10-B.11-B.12-B.13) |
|
|
|
|
|
B.V. LOSS BEFORE TAXES
(B.III+B.IV-A.III-A.IV) |
|
|
|
|
|
B.VI. NET LOSS (B.V+A.15+A.16) |
|
|
|
Main Ratios
|
(Figures given in Euros)
|
2.003 (12) |
2.004 (12) |
2.005 (12) |
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
18,00 |
4,82 |
7,31 |
|
|
Assets Turnover |
1,50 |
0,93 |
0,98 |
|
|
Productivity |
2,79 |
2,08 |
1,77 |
|
|
Increase of the Added Value |
28,41 |
-15,08 |
-4,45 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
5,21 |
2,29 |
1,25 |
|
|
Financial Profitability |
24,64 |
15,42 |
8,22 |
|
|
Financial Expenses |
0,60 |
1,20 |
1,40 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of
sales) |
67,00 |
94,00 |
71,00 |
|
|
Suppliers’ Credit (In days of
sales) |
175,00 |
169,00 |
177,00 |
|
|
Working Capital (In days of
sales) |
0,00 |
0,00 |
0,00 |
|
|
Working Capital Requirement
(In days of sales) |
48,00 |
92,00 |
59,00 |
|
|
Treasury (In days of sales) |
0,00 |
0,00 |
0,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
-87.239,36 |
-2.203.442,76 |
-2.579.167,01 |
|
|
Working Capital Requirement |
3.928.609,58 |
7.921.359,13 |
5.507.666,13 |
|
|
Treasury |
-4.015.848,94 |
-10.124.801,89 |
-8.086.833,14 |
|
|
Balance Ratio |
0,98 |
0,85 |
0,84 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
78,84 |
85,15 |
84,13 |
|
|
Own / Permanent Funds |
85,51 |
38,56 |
39,10 |
|
|
Payback Capacity |
0,51 |
0,90 |
0,85 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
0,99 |
0,89 |
0,88 |
|
|
Immediate Liquidity |
0,03 |
0,01 |
0,05 |
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 |
0,03 |
-0,03 |
|
FIXED ASSETS |
46,46 |
20,47 |
25,99 |
|
ACCRUED
EXPENSES |
0,00 |
0,19 |
-0,19 |
|
CURRENT
ASSETS |
53,54 |
79,31 |
-25,77 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS
EQUITY |
15,22 |
39,35 |
-24,13 |
|
ACCRUED
INCOME |
0,66 |
0,10 |
0,56 |
|
RISK AND
EXPENDITURE COVER |
0,00 |
0,19 |
-0,19 |
|
LONG-TERM
CREDITORS |
23,04 |
6,49 |
16,55 |
|
SHORT-TERM
CREDITORS |
61,08 |
53,78 |
7,30 |
|
SHORT-TERM
RISK AND EXPENDITURE COVER |
0,00 |
0,08 |
-0,08 |
|
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 |
99,04 |
0,96 |
|
Other
operating income |
0,00 |
0,96 |
-0,96 |
|
Production
Value |
100,00 |
100,00 |
0,00 |
|
Operating
expenses |
67,30 |
72,51 |
-5,21 |
|
Other
operation expenses |
21,93 |
10,38 |
11,55 |
|
Added value |
10,78 |
17,11 |
-6,34 |
|
Labor cost |
6,08 |
10,03 |
-3,95 |
|
Gross Economic
Result |
4,70 |
7,09 |
-2,39 |
|
Assets
depreciation |
1,48 |
1,28 |
0,20 |
|
Variation in
provision for current assets |
0,43 |
0,35 |
0,07 |
|
Net Economic
Result |
2,79 |
5,45 |
-2,67 |
|
Financial
income |
0,06 |
0,67 |
-0,61 |
|
Financial
expenses |
1,31 |
1,12 |
0,18 |
|
Variation in
financial investment provision |
-0,09 |
0,01 |
-0,10 |
|
Ordinary
Activities Result |
1,54 |
4,99 |
-3,45 |
|
Extraordinary
income |
0,12 |
0,36 |
-0,24 |
|
Extraordinary
expenses |
0,01 |
0,21 |
-0,20 |
|
Variation in
provision in fixed assets |
0,00 |
0,03 |
-0,03 |
|
Results
before Taxes |
1,66 |
5,11 |
-3,45 |
|
Corporaye
taxes |
0,37 |
1,57 |
-1,20 |
|
Net Result |
1,28 |
3,54 |
-2,25 |
|
Assets
depreciation |
1,48 |
1,28 |
0,20 |
|
Provisions
fund variation |
0,33 |
0,39 |
-0,06 |
|
Net
Self-Financing |
3,10 |
5,21 |
-2,11 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.005 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of
the Sales Figures |
7,31 |
0,43 |
8,07 |
17,02 |
|
Assets
Turnover |
0,98 |
1,29 |
1,63 |
2,02 |
|
Fixed Assets
Turnover |
2,10 |
6,16 |
12,47 |
28,53 |
|
Increase of
the Added Value |
-4,45 |
-2,51 |
7,30 |
18,72 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,77 |
1,37 |
1,67 |
2,14 |
|
Change of
Personnel Costs |
12,30 |
3,63 |
9,34 |
17,88 |
|
Average
Personnel Costs |
32.694,63 |
24.339,03 |
32.702,43 |
41.656,57 |
|
Value Added
by Employees |
57.952,30 |
39.048,64 |
54.587,80 |
82.011,47 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
1.033.180,27 |
265.261,02 |
514.421,56 |
905.530,17 |
|
Operating
Cash Flow |
1.565.975,35 |
373.996,95 |
730.450,24 |
1.328.473,87 |
|
Change in
Cash Flow |
-22,32 |
-12,77 |
5,38 |
25,69 |
|
PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
1,25 |
2,25 |
4,34 |
7,84 |
|
Financial
Profitability |
8,22 |
8,27 |
13,88 |
20,79 |
|
Financial
Expenses |
1,40 |
0,29 |
0,68 |
1,29 |
|
Gross
Economic Profitability |
4,58 |
6,29 |
9,72 |
16,54 |
|
Gross
Financial Profitability |
30,08 |
19,77 |
30,43 |
46,44 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’
Credit (In days of sales) |
71,00 |
75,96 |
111,59 |
141,91 |
|
Suppliers’
Credit (In days of sales) |
177,00 |
25,44 |
76,85 |
111,98 |
|
Working
Capital (In days of sales) |
0,00 |
18,31 |
47,96 |
96,41 |
|
Working
Capital Requirement (In days of sales) |
59,00 |
22,81 |
61,63 |
105,18 |
|
Treasury (In
days of sales) |
0,00 |
-36,97 |
1,18 |
19,23 |
|
Operating
Current Assets |
197,00 |
139,58 |
187,73 |
228,54 |
|
BALANCE |
|
|
|
|
|
Working
Capital |
-2.579.167,01 |
583.024,18 |
1.740.347,50 |
3.149.983,37 |
|
Working
Capital Requirement |
5.507.666,13 |
629.839,63 |
1.913.404,93 |
3.521.340,00 |
|
Treasury |
-8.086.833,14 |
-1.113.628,65 |
36.140,78 |
606.756,47 |
|
Balance
Ratio |
0,84 |
1,52 |
2,48 |
5,92 |
|
SOLVENCY |
|
|
|
|
|
Borrowing
Ratio |
84,13 |
49,16 |
63,74 |
78,52 |
|
Own /
Permanent Funds |
39,10 |
77,94 |
95,36 |
99,96 |
|
Payback
Capacity |
0,85 |
0,25 |
0,35 |
0,49 |
|
Long term
Indebtedness |
23,04 |
0,00 |
1,29 |
7,05 |
|
Gearing |
657,20 |
196,70 |
275,81 |
465,56 |
|
Financing
Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets
Guarantee |
1,19 |
1,25 |
1,52 |
2,02 |
|
LIQUIDITY |
|
|
|
|
|
General
Liquidity |
0,88 |
1,12 |
1,39 |
1,95 |
|
Immediate
Liquidity |
0,05 |
0,04 |
0,09 |
0,32 |
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 |
|