MIRA
INFORM REPORT
|
Report Date : |
3rd
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
ELECTRO JET SA |
|
|
|
|
Registered Office : |
Carretera
Nacional 152 Barcelona A Puigcerda, 08503 Gurb (Barcelona) |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
31/12/1986 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile, apparel and leather
production. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
Identification and
Characteristics
Tax Number A58289141
NAME ELECTRO
JET SA
BUSINESS ADDRESS CARRETERA
NACIONAL 152 BARCELONA A PUIGCERDA
Postcode 08503
GURB (BARCELONA)
FORMER ADDRESS CALLE
FONTCUBERTA, 24
Postcode 08560
MANLLEU (BARCELONA)
URL http://www.electro-jet.com
TELEPHONE 938816341
FAX 938892572
LEGAL FORM JOINT STOCK
COMPANY
DATE FOUNDED 31/12/1986
CAPITAL 120.200,00 Euros
PAID-UP CAPITAL 120.200,00 Euros
NUMBER OF EMPLOYEES 40
ACTIVITY 1323000 - Mfg.
of machinery for textile apparel & leather goods
CNAE 2954 - Manufacture
of machinery for textile, apparel and leather
production
EXPORT COMPANY YES
* Characteristics
of the main address
According to our
researches dated 25/01/2006 these are it is
a/an office, factory, warehouse de 25000 square
meters used as owned; with no official confirmation located in
a industrial area and it is located in an area secondary .
Synthesis
FINANCIAL SITUATION
(Year ending: 31/12/2005)
PROFITABILITY Medium
TREASURY Excellent
BALANCE SHEET Excellent
DEBT Very
low
INCIDENTS
COMMITMENTS Respected
INCIDENTS None
or Negligible
PREVIOUS EXPERIENCE
PREVIOUS EXPERIENCE Very
favourable
Credit Appraisal
CREDIT ACCORDING TO
OBJECTIVE DATA (From 0 to 6.000.000,00 Euros):
FAVOURABLE
TOWARDS 660.000,00 Max. Euros
Financial Elements
Figures given in Euros
|
|
Balance sheet 2.003 (12) |
Balance sheet 2.004 (12) |
Balance sheet 2.005
(12) |
% Sales
|
|
SALES |
12.044.589,97 |
14.046.749,38 |
12.950.568,35 |
|
|
ADDED VALUE |
2.101.725,60 |
2.780.128,63 |
2.466.055,99 |
19,04 |
|
BUSINESS RESULT |
75.230,86 |
357.706,55 |
585.831,25 |
4,52 |
|
OWN FUNDS |
7.012.556,22 |
7.370.262,77 |
7.956.094,02 |
|
|
DEBT |
5.488.764,87 |
6.148.362,14 |
4.012.782,63 |
|
|
TOTAL ASSET |
12.505.676,73 |
13.521.533,17 |
11.971.033,04 |
|
The sales of 12.950.568,35
Euros show a change of -7,80% compared with
2.004 . Between 2.003 and 2.004 , this change
was 16,62% .
Added value grew by
-11,30% compared with the previous year. Shareholders equity are
7.956.094,02 Euros for an indebtedness of 4.012.782,63
Euros .
The result
585.831,25 Euros means financial profitability of
7,36% and economic profitability of 4,89% . This result
means growth of 63,77% compared with the 2.004 .
THE FIGURES FOR THE
LAST BALANCE SHEET ARE RELEVANT:
SOURCE: FROM THE
MERCANTILE REGISTER
DATE: 11/01/2007
Results Distribution
Annual Report Year
Source: 2.005
Figures given in
Euros
Distribution Base
Profit
and Loss 585.831
Total
of Amounts to be distributed 585.831
Distribution a
Voluntary
Reserve 585.831
Auditors’ opinion:
FAVOURABLE (2.005)
Auditors:
PACCIOLI ADITORS SL
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.005)
|
|
|
|
% of
PRODUCTION VALUE |
|
|
|
|
SALES |
99,35 |
98,59 |
0,76 |
|
ADDED
VALUE |
18,92 |
29,75 |
-10,83 |
|
BUSINESS
RESULT |
4,49 |
4,48 |
0,01 |
|
% OF TOTAL
ASSETS |
|
|
|
|
OWN
FUNDS |
66,46 |
46,32 |
20,14 |
|
DEBT |
33,52 |
53,68 |
-20,16 |
Compared sector (CNAE): 295 - Fabricación de
maquinaria diversa para usos específicos
Number of companies: 112
Size (Sales Figure): 7.000.000,00 -
40.000.000,00 Euros
The turnover of the company is
0,76% above the mean for the sector.
The company’s added value was
18,92% s/ the production value, and 10,83% below the mean for the
sector.
The company’s business result
was 4,49% of the PV, 0,01% above the mean for the sector.
The company’s own resources are
66,46% , 20,14% above the mean for the sector.
The company’s outside resources
are 33,52% , 20,16% below 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 |
ROVIRA CAMPDELACREU MIREIA |
11/04/2002 |
|
ADMINISTRATOR |
ROVIRA LATORRE ESTHER |
11/04/2002 |
|
ADMINISTRATOR |
ROVIRA TRIAS JOAN |
11/04/2002 |
|
AUDITOR |
RIVERO Y ASOCIADOS S L |
11/04/2002 |
Functional Managers
|
Position |
Surname and name |
|
FINANCIAL MANAGER |
GENERO FONT RAMON |
|
HUMAN RESOURCES MANAGER |
CABANAS MIGUEL |
|
COMMERCIAL MANAGER |
ROVIRA CAMPDELACREU MIREIA |
|
EXPORTS MANAGER |
ROVIRA CAMPDELACREU MIREIA |
|
GENERAL MANAGER |
ROVIRA LATORRE ESTHER |
|
MANAGER |
ROVIRA TRIAS JOAN |
Financial Links
|
Shareholders |
||||
|
Company Name |
|
|
Source |
Information Date |
|
ROVIRA CAMPDELACREU MIREIA |
|
50,00% |
OWN SOURCES |
02/02/2007 |
|
ROVIRA TRIAS JUAN |
|
45,00% |
OWN SOURCES |
29/05/2006 |
|
ROVIRA LATORRE ESTER |
|
5,00% |
OWN SOURCES |
29/05/2006 |
|
Shareholdings |
||||
|
Company Name |
CIF/Country |
Percent. |
Source |
Information Date |
|
ELECTROJET INDUSTRIAL SA. |
A63104384 |
99,40% |
OWN SOURCES |
25/01/2006 |
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 |
095785 |
BARCELONA |
|
Registration of accounts
(2004) |
07/11/2005 |
855541 |
BARCELONA |
|
Appointments |
03/03/2005 |
098568 |
BARCELONA |
|
Registration of accounts
(2003) |
15/11/2004 |
805053 |
BARCELONA |
|
Registration of accounts
(2002) |
02/12/2003 |
892770 |
BARCELONA |
Press articles
|
|
||
|
27/11/2000 |
VANGUARDIA |
LEGAL ANNOUNCE |
|
EN JUNTA GRAL. UNIVERSAL DE
ACCIONISTAS CELEBRADA EL 21/11/00 SE ACORDO POR UNANIMIDAD EL TRASLADO DEL
DOMICILIO SOCIAL A GURB (BARCELONA), A LA CARRE TERA DE VIC A MANLLEU, KM.
1,5, EDIFICIO EL TINT. |
||
Complementary Information
25/01/2006 BLOQUE DE
INVESTIGACION:
- Actividad:
construccion de maquinas para la industria textil.
- Direccion social:
En CR. Nacional 152 Barcelona-Puigcerda, KM. 1.5
en propiedad (sin
verificacion registral) destinado a oficina y
fabrica.
- El numero total de
accionistas asciende a 4.
- Realiza operaciones
de exportacion a nivel mundial.
----------------------------------------------------------------------
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.
Brands, Signs and Commercial
Names
|
Prevailing
Brands |
|||||
|
Name: |
ELECTRO-JET,
S.A. |
||||
|
Kind of Brand: |
JOINT |
File: |
M2523085 |
||
|
Request Date: |
28/01/2003 |
Bulletin
Date: |
Bulletin
Date: |
Current
situation: |
APPROVED
REGISTER |
|
Types: 7
|
|
||||
Total Marcas: 1
Commercial Experience
SALES
Exports::
TODO EL MUNDO
Clients International
TRANSTEX SL
Total 1
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
|
BANCO DE SABADELL, S.A. |
0075 |
C ENRIC DELARIS
000002 |
MANLLEU |
BARCELONA |
|
BANCO POPULAR ESPAŃOL, S.A. |
|
|
MANLLEU |
|
|
BANCO ZARAGOZANO |
0039 |
PLAZA FRA BERNADI,
23 |
MANLLEU |
BARCELONA |
|
BANCO BILBAO VIZCAYA
ARGENTARIA, S.A. |
|
|
MANLLEU |
|
|
CAIXA D’ESTALVIS COMARCAL DE
MANLLEU |
0010 |
PL. FRA BERNADI, 24 |
MANLLEU |
BARCELONA |
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 11/01/2007
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 |
6.022.900,67 |
6.062.044,31 |
5.763.303,23 |
|
|
I. Establishment expenses |
|
|
|
|
|
II. Intangible assets |
812.660,87 |
1.216.223,80 |
567.398,85 |
|
|
Concessions, patents,licences
, trademarks |
19.440,17 |
38.683,07 |
71.348,28 |
|
|
Software |
37.252,96 |
26.119,10 |
19.215,28 |
|
|
Leasing |
920.848,80 |
1.381.251,64 |
565.052,60 |
|
|
Prepayments |
41.203,13 |
41.789,76 |
12.990,55 |
|
|
Amortization |
-206.084,19 |
-271.619,77 |
-101.207,86 |
|
|
III. Tangible assets |
5.204.931,19 |
4.839.243,03 |
5.188.876,90 |
|
|
Property, plant and equipment |
3.810.861,60 |
4.905.239,48 |
4.941.071,19 |
|
|
Machinery, equipment and other |
1.543.979,17 |
1.735.239,79 |
2.613.037,66 |
|
|
Other property plant and
equipement |
280.271,00 |
288.855,15 |
355.050,29 |
|
|
Prepaid expenses on fixed
assets |
1.452.121,82 |
36.004,62 |
|
|
|
Other assets |
203.968,09 |
233.108,45 |
230.767,11 |
|
|
Depreciation |
-2.086.270,49 |
-2.359.204,46 |
-2.951.049,35 |
|
|
IV. Financial assets |
5.308,61 |
6.577,48 |
7.027,48 |
|
|
Long term deposits and
guarantees |
5.308,61 |
6.577,48 |
7.027,48 |
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term trade
liabilities |
|
|
|
|
|
C) DEFERRED EXPENSES |
10.036,50 |
24.106,21 |
11.065,19 |
|
|
D) CURRENT ASSETS |
6.472.739,56 |
7.435.382,65 |
6.196.664,62 |
|
|
I. Not paid in shareholder
capital |
|
|
|
|
|
II. Inventory |
2.452.585,29 |
2.659.753,27 |
2.572.140,99 |
|
|
Goods available for sale |
599.159,03 |
599.992,64 |
599.992,64 |
|
|
Raw material inventory |
415.609,96 |
483.391,63 |
346.657,54 |
|
|
Work in Progress |
991.392,06 |
1.193.585,45 |
1.230.598,38 |
|
|
Finished goods |
446.424,24 |
382.783,55 |
394.892,43 |
|
|
III. Debtors |
3.366.083,47 |
4.388.697,33 |
1.581.422,77 |
|
|
Clients |
3.302.715,11 |
3.948.832,59 |
1.516.860,76 |
|
|
Other debts |
1.957,68 |
5.867,04 |
|
|
|
Taxes refunds |
259.465,50 |
466.361,17 |
101.174,17 |
|
|
Provisions |
-198.054,82 |
-32.363,47 |
-36.612,16 |
|
|
IV. Short term financial
assets |
43.428,98 |
86.138,11 |
1.349.016,49 |
|
|
Other loans |
|
|
1.336.860,38 |
|
|
Short Term Deposit and
guarantees |
43.428,98 |
86.138,11 |
12.156,11 |
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
606.618,69 |
288.031,57 |
639.606,09 |
|
|
VII. Prepaid expenses and
accrued income |
4.023,13 |
12.762,37 |
54.478,28 |
|
|
ASSETS (A + B + C + D) |
12.505.676,73 |
13.521.533,17 |
11.971.033,04 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
31/12/2005 (12)
|
|
|
|
A) SHAREHOLDERS EQUITY |
7.012.556,22 |
7.370.262,77 |
7.956.094,02 |
|
|
I. Capital |
120.200,00 |
120.200,00 |
120.200,00 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
6.817.125,36 |
6.892.356,22 |
7.250.062,77 |
|
|
Retained earnings |
24.040,48 |
24.040,48 |
24.040,48 |
|
|
Other funds |
6.793.082,46 |
6.868.313,32 |
7.226.019,87 |
|
|
Capital adjustments in Euros |
2,42 |
2,42 |
2,42 |
|
|
V. Prior year earnings |
|
|
|
|
|
VI. Prior year profit or
losses |
75.230,86 |
357.706,55 |
585.831,25 |
|
|
VII. Dividend paid during the
year |
|
|
|
|
|
VIII. Own shares for change in
capital |
|
|
|
|
|
B) DEFERRED INCOME |
4.355,64 |
2.908,26 |
30,95 |
|
|
Rate difference |
4.355,64 |
2.908,26 |
30,95 |
|
|
C) PROVISIONS FOR LIABILITIES
AND EXPENSES |
|
|
2.125,44 |
|
|
Other provisions |
|
|
2.125,44 |
|
|
D) LONG TERM LIABILITIES |
168.028,06 |
372.787,83 |
507.501,99 |
|
|
I. Bonds |
|
|
|
|
|
II. Bank loans |
|
|
176.196,36 |
|
|
Leasing |
|
|
176.196,36 |
|
|
III. Debts with associed and
affiliated companies |
|
|
|
|
|
IV. Other creditors |
168.028,06 |
372.787,83 |
331.305,63 |
|
|
Other debts |
163.583,81 |
367.021,58 |
|
|
|
Long term deposit and
guaranties |
4.444,25 |
5.766,25 |
5.766,25 |
|
|
Taxes receivable |
|
|
325.539,38 |
|
|
V. Deferred debts on shares |
|
|
|
|
|
VI. Long term debt with
creditor |
|
|
|
|
|
E) SHORT TERM LIABILITIES |
5.320.736,81 |
5.775.574,31 |
3.505.280,64 |
|
|
I. Negotiable bonds |
|
|
|
|
|
II. Bank loans |
1.759.364,69 |
1.382.512,16 |
962.339,64 |
|
|
Loans and other debts |
1.759.364,69 |
1.382.512,16 |
770.052,96 |
|
|
Leasing |
|
|
192.286,68 |
|
|
III. Short term debts with
associated and affiliated companies |
|
|
|
|
|
IV. Trade creditors |
2.787.111,62 |
3.552.668,52 |
2.401.639,08 |
|
|
Accounts payable |
116.607,94 |
629.287,44 |
342.956,02 |
|
|
Expenses |
2.670.503,68 |
2.923.381,08 |
2.058.683,06 |
|
|
V. Other non trade payables |
774.260,50 |
840.393,63 |
141.301,92 |
|
|
Government |
391.339,17 |
410.168,68 |
68.081,52 |
|
|
Other debts |
300.298,33 |
355.146,95 |
5.870,40 |
|
|
Accounts receivable |
82.623,00 |
75.078,00 |
67.350,00 |
|
|
VI. Provisions for current
assets |
|
|
|
|
|
VII. Accruals and deferred
incomes |
|
|
|
|
|
F) SHORT TERM PROVISIONS FOR
LIABILITIES AND EXPENSES |
|
|
|
|
|
LIABILITIES (A + B + C + D + E
+ F) |
12.505.676,73 |
13.521.533,17 |
11.971.033,04 |
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 |
7.796.141,46 |
9.456.179,72 |
8.368.974,97 |
|
|
Material consumed |
|
|
108.000,00 |
|
|
Raw materials consumed |
4.341.534,34 |
6.115.797,29 |
4.944.733,15 |
|
|
Other expenses |
3.454.607,12 |
3.340.382,43 |
3.316.241,82 |
|
|
A.3. Labor cost |
1.666.698,67 |
1.681.519,21 |
1.663.404,73 |
|
|
Wages |
1.312.690,30 |
1.336.089,79 |
1.315.887,91 |
|
|
Social security expenses |
354.008,37 |
345.429,42 |
347.516,82 |
|
|
A.4. Assets depreciation |
380.077,80 |
421.302,88 |
480.876,38 |
|
|
A.5 Variance in provision for
current assets |
4.427,09 |
-10.001,58 |
12.380,37 |
|
|
Variance in provision for bad
debts |
4.427,09 |
-10.001,58 |
12.380,37 |
|
|
A.6. Other operating costs |
2.405.711,16 |
2.053.903,91 |
2.249.958,18 |
|
|
External costs |
2.397.696,53 |
2.042.869,64 |
2.240.446,78 |
|
|
Taxes |
8.014,63 |
11.034,27 |
9.511,40 |
|
|
A.I. OPERATING RESULT
(B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6) |
50.522,04 |
687.308,12 |
309.394,51 |
|
|
A.7. Financial expenses |
74.862,92 |
54.911,84 |
28.804,66 |
|
|
Other companies debts |
74.862,92 |
54.911,84 |
28.804,66 |
|
|
A.8. Variation in financial
investments provision |
|
|
|
|
|
A.9. Exchange losses |
39.276,58 |
16.322,10 |
4.690,95 |
|
|
A.II. POSITIVE FINANCIAL
RESULTS (B.5+B.6+B.7+B.8-A.7-A.8-A.9) |
32.835,85 |
|
37.470,58 |
|
|
A.III. PROFIT FROM ORDINARY
ACTIVITIES (A.I+A.II-B.I-B.II) |
83.357,89 |
680.279,84 |
346.865,09 |
|
|
A.10. Variation in provision
in fixed assets |
-287.910,32 |
|
|
|
|
A.11. Losses in fixed assets |
295.901,90 |
|
|
|
|
A.12. Losses from shares and
bonds |
|
|
|
|
|
A.13. Extraordinary charges |
|
247.556,30 |
|
|
|
A.14. Prior year’s expenses
and losses |
|
|
1.517,86 |
|
|
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) |
20.105,67 |
|
425.963,89 |
|
|
A.V. EARNINGS / LOSS BEFORE
TAXES (A.III+A.IV-B.III-B.IV) |
103.463,56 |
466.286,47 |
772.828,98 |
|
|
A.15. Corporate Taxes |
28.232,70 |
108.579,92 |
186.997,73 |
|
|
A.16. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.15-A.16) |
75.230,86 |
357.706,55 |
585.831,25 |
|
|
B) INCOMES (B.1 a B13) |
|
|
|
|
|
B.1. Turnover |
12.044.589,97 |
14.046.749,38 |
12.950.568,35 |
|
|
Sales |
11.730.820,39 |
13.819.072,92 |
12.627.912,00 |
|
|
Services provided |
313.769,58 |
227.676,46 |
322.656,35 |
|
|
B.2. Increase in inventory of
finished goods |
172.468,22 |
138.552,70 |
49.121,81 |
|
|
B.3. Expenses capitalized |
|
|
|
|
|
B.4. Other operating income |
86.520,03 |
104.910,18 |
85.298,98 |
|
|
Other incomes |
19.168,26 |
57.938,40 |
52.892,01 |
|
|
Grants |
67.351,77 |
46.971,78 |
32.406,97 |
|
|
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 |
|
|
|
|
|
B.6. Income from securities |
109,11 |
|
2.297,36 |
|
|
Other companies |
109,11 |
|
2.297,36 |
|
|
B.7. Other income from
interrest |
125.413,98 |
59.685,55 |
53.591,19 |
|
|
From other companies |
125.413,98 |
59.685,55 |
53.591,19 |
|
|
B.8. Gains on exchange |
21.452,26 |
4.520,11 |
15.077,64 |
|
|
B.II. FINANCIAL LOSSES
(A.7+A.8+A.9-B.5-B.6-B.7-B.8) |
|
7.028,28 |
|
|
|
B.III. LOSSES FROM ORDINARY
ACTIVITIES (B.I+B.II-A.I-A.II) |
|
|
|
|
|
B.9. Gains from disposal of
fixed assets |
|
9.425,50 |
|
|
|
B.10. Gains from dealing in
own shares |
|
|
|
|
|
B.11. Paid in surplus |
|
|
|
|
|
B.12. Extraordinary income |
28.097,25 |
24.137,43 |
427.481,75 |
|
|
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) |
|
213.993,37 |
|
|
|
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 |
4,91 |
16,62 |
-7,80 |
|
|
Assets Turnover |
0,96 |
1,04 |
1,08 |
|
|
Productivity |
1,26 |
1,65 |
1,48 |
|
|
Increase of the Added Value |
0,36 |
32,28 |
-11,30 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
0,60 |
2,65 |
4,89 |
|
|
Financial Profitability |
1,07 |
4,85 |
7,36 |
|
|
Financial Expenses |
0,62 |
0,39 |
0,22 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of
sales) |
101,00 |
112,00 |
44,00 |
|
|
Suppliers’ Credit (In days of
sales) |
132,00 |
137,00 |
104,00 |
|
|
Working Capital (In days of
sales) |
34,00 |
43,00 |
75,00 |
|
|
Working Capital Requirement
(In days of sales) |
68,00 |
68,00 |
46,00 |
|
|
Treasury (In days of sales) |
0,00 |
0,00 |
29,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
1.152.002,75 |
1.659.808,34 |
2.691.383,98 |
|
|
Working Capital Requirement |
2.261.319,77 |
2.668.150,82 |
1.665.101,04 |
|
|
Treasury |
-1.109.317,02 |
-1.008.342,48 |
1.026.282,94 |
|
|
Balance Ratio |
1,19 |
1,27 |
1,47 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
43,89 |
45,47 |
33,52 |
|
|
Own / Permanent Funds |
97,60 |
95,15 |
93,98 |
|
|
Payback Capacity |
0,45 |
0,43 |
0,30 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,22 |
1,29 |
1,77 |
|
|
Immediate Liquidity |
0,12 |
0,07 |
0,57 |
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 |
0,00 |
0,00 |
|
FIXED ASSETS |
48,14 |
25,88 |
22,26 |
|
ACCRUED
EXPENSES |
0,09 |
0,16 |
-0,07 |
|
CURRENT
ASSETS |
51,76 |
73,96 |
-22,20 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS
EQUITY |
66,46 |
46,32 |
20,14 |
|
ACCRUED
INCOME |
0,00 |
0,39 |
-0,39 |
|
RISK AND
EXPENDITURE COVER |
0,02 |
0,28 |
-0,26 |
|
LONG-TERM
CREDITORS |
4,24 |
7,85 |
-3,61 |
|
SHORT-TERM
CREDITORS |
29,28 |
45,09 |
-15,81 |
|
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 |
99,35 |
98,59 |
0,75 |
|
Other
operating income |
0,65 |
1,41 |
-0,75 |
|
Production
Value |
100,00 |
100,00 |
0,00 |
|
Operating
expenses |
63,82 |
56,53 |
7,30 |
|
Other
operation expenses |
17,26 |
13,72 |
3,54 |
|
Added value |
18,92 |
29,75 |
-10,83 |
|
Labor cost |
12,76 |
19,60 |
-6,84 |
|
Gross
Economic Result |
6,16 |
10,15 |
-3,99 |
|
Assets
depreciation |
3,69 |
3,02 |
0,67 |
|
Variation in
provision for current assets |
0,09 |
0,49 |
-0,39 |
|
Net Economic
Result |
2,37 |
6,64 |
-4,27 |
|
Financial
income |
0,54 |
0,73 |
-0,18 |
|
Financial
expenses |
0,26 |
1,55 |
-1,29 |
|
Variation in
financial investment provision |
0,00 |
0,05 |
-0,05 |
|
Ordinary
Activities Result |
2,66 |
5,77 |
-3,11 |
|
Extraordinary
income |
3,28 |
1,02 |
2,26 |
|
Extraordinary
expenses |
0,01 |
0,36 |
-0,34 |
|
Variation in
provision in fixed assets |
0,00 |
0,33 |
-0,33 |
|
Results
before Taxes |
5,93 |
6,10 |
-0,17 |
|
Corporaye
taxes |
1,43 |
1,63 |
-0,19 |
|
Net Result |
4,49 |
4,48 |
0,02 |
|
Assets
depreciation |
3,69 |
3,02 |
0,67 |
|
Provisions
fund variation |
0,09 |
0,87 |
-0,78 |
|
Net
Self-Financing |
8,28 |
8,37 |
-0,09 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.005 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of
the Sales Figures |
-7,80 |
-5,05 |
3,63 |
10,88 |
|
Assets
Turnover |
1,08 |
0,96 |
1,19 |
1,42 |
|
Fixed Assets
Turnover |
2,24 |
3,13 |
5,02 |
11,39 |
|
Increase of
the Added Value |
-11,30 |
-8,17 |
2,72 |
12,65 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,48 |
1,26 |
1,46 |
1,75 |
|
Change of
Personnel Costs |
-1,08 |
0,11 |
6,78 |
13,85 |
|
Average
Personnel Costs |
40.570,85 |
28.995,45 |
34.926,70 |
40.685,89 |
|
Value Added
by Employees |
60.147,71 |
44.181,87 |
52.737,55 |
63.528,08 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
1.079.088,00 |
477.368,55 |
772.211,33 |
1.323.579,10 |
|
Operating
Cash Flow |
802.651,26 |
620.961,14 |
946.297,48 |
1.672.516,66 |
|
Change in
Cash Flow |
40,32 |
-31,18 |
-10,20 |
15,55 |
|
PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
4,89 |
1,66 |
3,72 |
6,94 |
|
Financial
Profitability |
7,36 |
4,40 |
10,10 |
16,99 |
|
Financial
Expenses |
0,22 |
0,35 |
0,71 |
1,44 |
|
Gross
Economic Profitability |
6,70 |
7,03 |
10,10 |
14,77 |
|
Gross
Financial Profitability |
10,09 |
16,95 |
26,20 |
43,34 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’
Credit (In days of sales) |
43,00 |
97,65 |
124,99 |
165,86 |
|
Suppliers’
Credit (In days of sales) |
103,00 |
97,43 |
137,23 |
196,02 |
|
Working
Capital (In days of sales) |
74,00 |
31,12 |
72,74 |
132,40 |
|
Working
Capital Requirement (In days of sales) |
46,00 |
29,13 |
71,66 |
116,08 |
|
Treasury (In
days of sales) |
28,00 |
-25,18 |
1,57 |
44,39 |
|
Operating
Current Assets |
172,00 |
182,43 |
228,92 |
282,60 |
|
BALANCE |
|
|
|
|
|
Working
Capital |
2.691.383,98 |
1.076.602,50 |
2.160.471,57 |
5.037.915,50 |
|
Working
Capital Requirement |
1.665.101,04 |
991.828,06 |
2.042.356,91 |
3.935.756,35 |
|
Treasury |
1.026.282,94 |
-786.349,61 |
97.484,81 |
1.720.916,09 |
|
Balance
Ratio |
1,47 |
1,34 |
1,99 |
4,00 |
|
SOLVENCY |
|
|
|
|
|
Borrowing
Ratio |
33,52 |
44,89 |
58,00 |
69,23 |
|
Own /
Permanent Funds |
93,98 |
75,53 |
89,78 |
98,77 |
|
Payback
Capacity |
0,30 |
0,33 |
0,41 |
0,58 |
|
Long term
Indebtedness |
4,24 |
0,27 |
4,24 |
9,67 |
|
Gearing |
150,46 |
181,47 |
238,12 |
325,00 |
|
Financing
Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets
Guarantee |
2,98 |
1,37 |
1,66 |
2,17 |
|
LIQUIDITY |
|
|
|
|
|
General
Liquidity |
1,77 |
1,20 |
1,55 |
2,01 |
|
Immediate
Liquidity |
0,57 |
0,05 |
0,15 |
0,47 |
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 |
|