MIRA
INFORM REPORT
|
Report Date : |
15th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
VICENTE
CARRILLO SL. |
|
|
|
|
Registered Office : |
Calle
Fray Luis De Leon, 22 16239 Casasimarro (Cuenca) |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
15.03.2004 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Manufacture
of wooden trunks, cases (exc. furniture). |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Identification and
Characteristics
Tax
Number B16229296
NAME VICENTE
CARRILLO SL.
BUSINESS
ADDRESS CALLE FRAY LUIS DE
LEON, 22
Postcode 16239
CASASIMARRO (CUENCA)
LEGAL
FORM LIMITED
LIABILITY COMPANY
DATE
FOUNDED 15/03/2004
CAPITAL 3.010,00 Euros
NUMBER
OF EMPLOYEES 5
ACTIVITY 1465000 - Mfg.
of wooden trunks, cases (exc. furniture)
CNAE 2051 - Manufacture
of other products of wood
Synthesis
FINANCIAL SITUATION (Year
ending: 31/12/2005)
PROFITABILITY Medium
TREASURY Excellent
BALANCE
SHEET Average
DEBT Important
INCIDENTS
COMMITMENTS Respected
INCIDENTS None
or Negligible
PREVIOUS EXPERIENCE
PREVIOUS
EXPERIENCE Normal
Credit Appraisal
CREDIT ACCORDING TO OBJECTIVE
DATA (From 0 to 6.000.000,00 Euros):
FAVOURABLE
TOWARDS 3.000,00 Max. Euros
Financial Elements
Figures given in Euros
|
|
Balance
sheet 2.004 (10) |
Balance sheet 2.005
(12) |
|
SALES |
96.734,71 |
148.750,30 |
|
ADDED VALUE |
45.894,58 |
82.117,18 |
|
BUSINESS RESULT |
3.694,16 |
2.673,87 |
|
OWN FUNDS |
6.704,16 |
9.378,03 |
|
DEBT |
31.170,52 |
71.327,18 |
|
TOTAL ASSET |
37.874,68 |
80.705,21 |
THE FIGURES FOR THE LAST BALANCE
SHEET ARE RELEVANT:
SOURCE: FROM THE MERCANTILE
REGISTER
DATE: 18/12/2006
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.005) |
|
|
|
% of PRODUCTION VALUE |
|
|
|
|
SALES |
100,00 |
99,13 |
0,87 |
|
ADDED
VALUE |
55,20 |
32,31 |
22,89 |
|
BUSINESS
RESULT |
1,80 |
2,36 |
-0,56 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN
FUNDS |
11,62 |
33,97 |
-22,35 |
|
DEBT |
88,38 |
66,03 |
22,35 |
Compared sector (CNAE): 205 - Fabricación de otros
productos de madera. Fabricación de productos de corcho, cestería y espartería
Number of companies: 584
Size (Sales Figure): 0 - 2.800.000,00 Euros
The turnover of the company is 0,87%
above the mean for the sector.
The company’s added value was 55,20%
s/ the production value, and 22,89% above the mean for the sector.
The company’s business result was
1,80% of the PV, 0,56% below the mean for the sector.
The company’s own resources are 11,62%
, 22,35% below the mean for the sector.
The company’s outside resources are
88,38% , 22,35% 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 |
|
ADMINISTRATOR |
CARRILLO CASAS VICENTE |
19/04/2004 |
|
ADMINISTRATOR |
PRADOS BALLESTEROS EDELMIRA CARMEN |
19/04/2004 |
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Registration of accounts
(2005) |
05/01/2007 |
028199 |
CUENCA |
|
Registration of accounts
(2004) |
18/11/2005 |
947189 |
CUENCA |
|
Establishment |
19/04/2004 |
187354 |
CUENCA |
|
Appointments |
19/04/2004 |
187354 |
CUENCA |
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 18/12/2006
Balance Sheet (ASSETS)
|
(Figures given in Euros) |
31/12/2004 (10) |
31/12/2005 (12) |
|
|
|
A) DUE FROM SHAREHOLDERS FOR UNCALLED
CAPITAL |
|
|
|
|
B) FIXED ASSETS |
19.095,45 |
62.862,53 |
|
|
I. Establishment expenses |
|
|
|
|
II. Intangible assets |
|
|
|
|
III. Tangible assets |
18.915,45 |
62.682,53 |
|
|
IV. Financial assets |
180,00 |
180,00 |
|
|
V. Owners equity |
|
|
|
|
VI. Long term trade liabilities |
|
|
|
|
C) DEFERRED EXPENSES |
|
|
|
|
D) CURRENT ASSETS |
18.779,23 |
17.842,68 |
|
|
I. Not paid in shareholder capital |
|
|
|
|
II. Inventory |
|
4.320,40 |
|
|
III. Debtors |
3.511,70 |
|
|
|
IV. Short term financial assets |
|
|
|
|
V. Short term owners equity |
|
|
|
|
VI. Cash |
15.267,53 |
13.522,28 |
|
|
VII. Prepaid expenses and accrued income |
|
|
|
|
ASSETS (A + B + C + D) |
37.874,68 |
80.705,21 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros) |
31/12/2004 (10) |
31/12/2005 (12) |
|
|
|
A) SHAREHOLDERS EQUITY |
6.704,16 |
9.378,03 |
|
|
I. Capital |
3.010,00 |
3.010,00 |
|
|
II. Premium share account |
|
|
|
|
III. Revaluation reserve |
|
|
|
|
IV. Reserves |
|
369,42 |
|
|
Sundry reserves |
|
369,42 |
|
|
V. Prior year earnings |
|
3.324,74 |
|
|
VI. Prior year profit or losses |
3.694,16 |
2.673,87 |
|
|
VII. Dividend paid during the year |
|
|
|
|
VIII. Own shares for change in capital |
|
|
|
|
B) DEFERRED INCOME |
|
|
|
|
C) PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
D) LONG TERM LIABILITIES |
19.453,46 |
58.759,10 |
|
|
E) SHORT TERM LIABILITIES |
11.717,06 |
12.568,08 |
|
|
F) SHORT TERM PROVISIONS FOR LIABILITIES
AND EXPENSES |
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
37.874,68 |
80.705,21 |
Profit and Loss Account
|
(Figures given in Euros) |
31/12/2004 (10) |
31/12/2005 (12) |
|
|
|
A) EXPENSES (A.1 a A.15) |
|
|
|
|
A.1 Operating Expenses |
31.775,94 |
30.148,11 |
|
|
A.3. Labor cost |
30.748,81 |
71.481,22 |
|
|
Wages |
27.248,43 |
59.584,75 |
|
|
Social security expenses |
3.500,38 |
11.896,47 |
|
|
A.3. Assets depreciation |
6.770,78 |
4.648,27 |
|
|
A.4. Variance in provision for current
assets |
|
|
|
|
A.5. Other operating costs |
19.064,19 |
36.485,01 |
|
|
A.I. OPERATING RESULT
(B.1-A.1-A.2-A.3-A.4-A.5) |
8.374,99 |
5.987,69 |
|
|
A.6. Financial expenses |
3.101,27 |
2.168,60 |
|
|
Debts with associated companies |
3.101,27 |
2.168,60 |
|
|
A.7. Variation in financial investments
provision |
|
|
|
|
A.8. Exchange losses |
|
|
|
|
A.II. POSITIVE FINANCIAL RESULTS
(B.2+B.3-A.6-A.7-A.8) |
|
|
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES
(A.I+A.II-B.I-B.II) |
5.277,37 |
3.819,09 |
|
|
A.9. Variation in provision in fixed
assets |
|
|
|
|
A.10. Losses in fixed assets |
|
|
|
|
A.11. Losses from shares and bonds |
|
|
|
|
A.12. Extraordinary charges |
|
|
|
|
A.13. Prior year’s expenses and losses |
|
|
|
|
A.IV. POSITIVE EXTRAORDINARY RESULT
(B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13) |
|
0,72 |
|
|
A.V. EARNINGS / LOSS BEFORE TAXES
(A.III+A.IV-B.III-B.IV) |
5.277,37 |
3.819,81 |
|
|
A.14. Corporate Taxes |
1.583,21 |
1.145,94 |
|
|
A.15. Other taxes |
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.14-A.15) |
3.694,16 |
2.673,87 |
|
|
B) INCOMES (B.1 a B.8) |
|
|
|
|
B.1. Operating income |
96.734,71 |
148.750,30 |
|
|
Turnover |
96.734,71 |
148.750,30 |
|
|
B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
B.2. Financial Income |
3,65 |
|
|
|
Other |
3,65 |
|
|
|
B.3. Gains on exchange |
|
|
|
|
B.II. FINANCIAL LOSSES
(A.6+A.7+A.8-B.2-B.3) |
3.097,62 |
2.168,60 |
|
|
B.III. LOSSES FROM ORDINARY ACTIVITIES
(B.I+B.II-A.I-A.II) |
|
|
|
|
B.4. Gains from disposal of fixed assets |
|
|
|
|
B.5. Gains from dealing in own shares |
|
|
|
|
B.6. Paid in surplus |
|
|
|
|
B.7. Extraordinary income |
|
0,72 |
|
|
B.8. Prior year’s income and profits |
|
|
|
|
B.IV. EXTRAORDINARY LOSSES
(A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8) |
|
|
|
|
B.V. LOSS BEFORE TAXES
(B.III+B.IV-A.III-A.IV) |
|
|
|
|
B.VI. NET LOSS (B.V+A.14+A.15) |
|
|
Main Ratios
|
(Figures given in Euros) |
2.004 (10) |
2.005 (12) |
|
|
|
ACTIVITY |
|
|
|
|
Increase of the Sales Figures |
|
|
|
|
Assets Turnover |
2,55 |
1,84 |
|
|
Productivity |
1,49 |
1,15 |
|
|
Increase of the Added Value |
|
|
|
|
PROFITABILITY |
|
|
|
|
Economic Profitability |
9,75 |
3,31 |
|
|
Financial Profitability |
55,10 |
28,51 |
|
|
Financial Expenses |
3,21 |
1,46 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
Customers’ Credit (In days of sales) |
13,00 |
|
|
|
Suppliers’ Credit (In days of sales) |
|
|
|
|
Working Capital (In days of sales) |
26,00 |
13,00 |
|
|
Working Capital Requirement (In days of
sales) |
0,00 |
0,00 |
|
|
Treasury (In days of sales) |
57,00 |
33,00 |
|
|
BALANCE |
|
|
|
|
Working Capital |
7.062,17 |
5.274,60 |
|
|
Working Capital Requirement |
-8.205,36 |
-8.247,68 |
|
|
Treasury |
15.267,53 |
13.522,28 |
|
|
Balance Ratio |
1,37 |
1,08 |
|
|
SOLVENCY |
|
|
|
|
Borrowing Ratio |
82,30 |
88,38 |
|
|
Own / Permanent Funds |
25,63 |
13,76 |
|
|
Payback Capacity |
0,30 |
0,47 |
|
|
LIQUIDITY |
|
|
|
|
General Liquidity |
1,60 |
1,42 |
|
|
Immediate Liquidity |
1,30 |
1,08 |
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 |
0,01 |
-0,01 |
|
FIXED ASSETS |
77,89 |
35,11 |
42,78 |
|
ACCRUED EXPENSES |
0,00 |
0,39 |
-0,39 |
|
CURRENT ASSETS |
22,11 |
64,50 |
-42,39 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS EQUITY |
11,62 |
33,97 |
-22,35 |
|
ACCRUED INCOME |
0,00 |
0,96 |
-0,96 |
|
RISK AND EXPENDITURE
COVER |
0,00 |
0,21 |
-0,21 |
|
LONG-TERM CREDITORS |
72,81 |
14,98 |
57,83 |
|
SHORT-TERM CREDITORS |
15,57 |
49,77 |
-34,20 |
|
SHORT-TERM RISK AND
EXPENDITURE COVER |
0,00 |
0,12 |
-0,12 |
|
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 |
99,13 |
0,87 |
|
Other operating income |
0,00 |
0,87 |
-0,87 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
20,27 |
54,63 |
-34,36 |
|
Other operation expenses |
24,53 |
13,06 |
11,47 |
|
Added value |
55,20 |
32,31 |
22,89 |
|
Labor cost |
48,05 |
24,59 |
23,46 |
|
Gross Economic Result |
7,15 |
7,72 |
-0,57 |
|
Assets depreciation |
3,12 |
3,20 |
-0,07 |
|
Variation in provision
for current assets |
0,00 |
0,16 |
-0,16 |
|
Net Economic Result |
4,03 |
4,37 |
-0,34 |
|
Financial income |
0,00 |
0,19 |
-0,19 |
|
Financial expenses |
1,46 |
1,67 |
-0,21 |
|
Variation in financial
investment provision |
0,00 |
-0,00 |
0,00 |
|
Ordinary Activities
Result |
2,57 |
2,89 |
-0,32 |
|
Extraordinary income |
0,00 |
0,65 |
-0,65 |
|
Extraordinary expenses |
0,00 |
0,19 |
-0,19 |
|
Variation in provision
in fixed assets |
0,00 |
0,00 |
-0,00 |
|
Results before Taxes |
2,57 |
3,34 |
-0,77 |
|
Corporaye taxes |
0,77 |
0,98 |
-0,21 |
|
Net Result |
1,80 |
2,36 |
-0,56 |
|
Assets depreciation |
3,12 |
3,20 |
-0,07 |
|
Provisions fund
variation |
0,00 |
0,16 |
-0,16 |
|
Net Self-Financing |
4,92 |
5,72 |
-0,79 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.005 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales
Figures |
|
-10,48 |
1,20 |
14,24 |
|
Assets Turnover |
1,84 |
1,00 |
1,46 |
2,05 |
|
Fixed Assets Turnover |
2,37 |
2,54 |
5,36 |
10,55 |
|
Increase of the Added
Value |
|
-7,91 |
1,90 |
11,82 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,15 |
1,13 |
1,26 |
1,45 |
|
Change of Personnel
Costs |
|
-2,61 |
5,11 |
16,09 |
|
Average Personnel Costs |
14.296,24 |
14.439,10 |
17.930,80 |
22.157,82 |
|
Value Added by Employees |
16.423,44 |
18.488,94 |
23.039,32 |
29.900,35 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
7.322,14 |
8.480,91 |
20.932,70 |
52.835,70 |
|
Operating Cash Flow |
10.635,96 |
10.609,35 |
28.920,75 |
78.488,31 |
|
Change in Cash Flow |
|
-28,67 |
-3,65 |
15,99 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
3,31 |
0,87 |
1,81 |
4,44 |
|
Financial Profitability |
28,51 |
3,31 |
7,47 |
15,75 |
|
Financial Expenses |
1,46 |
0,36 |
1,09 |
2,39 |
|
Gross Economic
Profitability |
13,18 |
6,01 |
9,25 |
13,49 |
|
Gross Financial
Profitability |
113,41 |
18,14 |
32,86 |
56,55 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In
days of sales) |
|
28,10 |
58,72 |
97,84 |
|
Suppliers’ Credit (In
days of sales) |
|
0,00 |
0,00 |
0,00 |
|
Working Capital (In days
of sales) |
12,00 |
-5,13 |
26,44 |
75,49 |
|
Working Capital
Requirement (In days of sales) |
0,00 |
-32,93 |
5,83 |
49,66 |
|
Treasury (In days of
sales) |
32,00 |
4,66 |
15,19 |
41,25 |
|
Operating Current Assets |
43,00 |
106,28 |
157,04 |
223,91 |
|
BALANCE |
|
|
|
|
|
Working Capital |
5.274,60 |
-4.771,70 |
27.882,27 |
108.094,38 |
|
Working Capital
Requirement |
-8.247,68 |
-32.983,72 |
4.835,32 |
67.733,90 |
|
Treasury |
13.522,28 |
5.171,80 |
16.240,02 |
46.232,14 |
|
Balance Ratio |
1,08 |
0,94 |
1,40 |
2,66 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
88,38 |
52,55 |
71,90 |
84,15 |
|
Own / Permanent Funds |
13,76 |
47,60 |
81,95 |
100,00 |
|
Payback Capacity |
0,46 |
0,27 |
0,41 |
0,65 |
|
Long term Indebtedness |
72,81 |
0,00 |
7,06 |
21,89 |
|
Gearing |
860,58 |
210,74 |
355,90 |
630,88 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
1,13 |
1,15 |
1,34 |
1,86 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,42 |
0,96 |
1,22 |
1,76 |
|
Immediate Liquidity |
1,08 |
0,03 |
0,13 |
0,39 |
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 |
|