MIRA
INFORM REPORT
|
Report Date : |
21st
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
LLUCH
ESSENCE S.L. |
|
|
|
|
Registered Office : |
Calle Gaiter Del
Llobregat, 160, 08820 El Prat De Llobregat (Barcelona) |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
30.11.1999 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Wholesale
of chemical products |
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 |
|
|
|
|
Litigation : |
Clear |
Identification and
Characteristics
Tax
Number B62129267
NAME LLUCH
ESSENCE S.L.
BUSINESS
ADDRESS CALLE GAITER DEL
LLOBREGAT, 160
Postcode 08820
EL PRAT DE LLOBREGAT (BARCELONA)
FORMER
ADDRESS POLIGONO
PASSEIG DE LES MORERES, 45
Postcode 08820
EL PRAT DE LLOBREGAT (BARCELONA)
URL http://www.lluch-essence.com
TELEPHONE 933793849
FAX 933706504
LEGAL
FORM LIMITED
LIABILITY COMPANY
DATE
FOUNDED 30/11/1999
CAPITAL 2.337.890,00 Euros
NUMBER
OF EMPLOYEES 48
ACTIVITY 1616600 - Wholesale
of industrial chemical products
CNAE 5155 - Wholesale
of chemical products
EXPORT
COMPANY YES
IMPORT
COMPANY YES
* Characteristics of the
main address
According to our investigations
dated 26/01/2005 these premises are used as store
located in a secondary park of industries .
Synthesis
FINANCIAL SITUATION (Year
ending: 31/12/2005)
PROFITABILITY Average
TREASURY Excellent
BALANCE
SHEET Excellent
DEBT Medium
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 544.000,00 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 |
28.710.727,30 |
31.744.346,02 |
33.538.536,93 |
|
|
ADDED VALUE |
5.520.079,63 |
5.315.325,15 |
6.292.023,60 |
18,76 |
|
BUSINESS RESULT |
2.503.592,80 |
1.339.537,21 |
2.393.798,85 |
7,14 |
|
OWN FUNDS |
7.264.796,18 |
8.604.333,39 |
10.998.132,24 |
|
|
DEBT |
14.687.471,98 |
17.477.583,66 |
19.431.049,31 |
|
|
TOTAL ASSET |
22.181.778,54 |
26.399.791,89 |
30.512.053,51 |
|
The sales of 33.538.536,93
Euros show a change of 5,65% compared with
2.004 . Between 2.003 and 2.004 , this change
was 10,57% .
Added value grew by
18,38% compared with the previous year. Shareholders equity are
10.998.132,24 Euros for an indebtedness of
19.431.049,31 Euros .
The result 2.393.798,85
Euros means financial profitability of 21,77% and
economic profitability of 7,85% . This result means growth of
78,70% compared with the 2.004 .
THE FIGURES FOR THE LAST BALANCE
SHEET ARE RELEVANT:
SOURCE: FROM THE MERCANTILE
REGISTER
DATE: 18/09/2006
Results Distribution
Annual Report Year Source:
2.005
Figures given in Euros
Distribution Base
Profit
and Loss 2.393.799
Total
of Amounts to be distributed 2.393.799
Distribution a
Voluntary
Reserve 2.393.799
Auditors’ opinion:
FAVOURABLE (2.005)
Auditors:
G.M.P. AUDITORES SA
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.005) |
|
|
|
% of PRODUCTION VALUE |
|
|
|
|
SALES |
99,39 |
99,27 |
0,12 |
|
ADDED
VALUE |
18,65 |
13,51 |
5,14 |
|
BUSINESS
RESULT |
7,09 |
2,93 |
4,16 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN
FUNDS |
36,05 |
38,75 |
-2,70 |
|
DEBT |
63,68 |
61,25 |
2,43 |
Compared sector (CNAE): 515 - Comercio al por mayor de
productos no agrarios semielaborados, chatarra y productos de desecho
Number of companies: 661
Size (Sales Figure): 7.000.000,00 - 40.000.000,00
Euros
The turnover of the company is 0,12%
above the mean for the sector.
The company’s added value was 18,65%
s/ the production value, and 5,14% above the mean for the sector.
The company’s business result was
7,09% of the PV, 4,16% above the mean for the sector.
The company’s own resources are 36,05%
, 2,70% below the mean for the sector.
The company’s outside resources are
63,68% , 2,43% 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 |
|
CHAIRMAN |
LLUCH BOADA ALBERTO |
12/01/2007 |
|
VICE-PRESIDENT |
LLUCH SAUNIER SOFIA |
12/01/2007 |
|
BOARD MEMBER |
LLUCH SAUNIER EVA |
12/01/2007 |
|
AUDITOR |
GMP AUDITORES SA |
02/03/2005 |
Financial Links
|
Shareholders |
||||
|
Company Name |
|
|
Source |
Information Date |
|
LLUCH SAUNIER SOFIA |
|
Indet. |
OWN SOURCES |
25/05/2004 |
|
LLUCH SAUNIER EVA |
|
Indet. |
EL MUNDO |
25/05/2004 |
|
LLUCH BOADA ALBERTO |
|
Indet. |
OWN SOURCES |
25/05/2004 |
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Resignations |
12/01/2007 |
023546 |
BARCELONA |
|
Appointments |
12/01/2007 |
023546 |
BARCELONA |
|
Change of statutes |
12/01/2007 |
023546 |
BARCELONA |
|
Registration of accounts
(2005) |
06/09/2006 |
325564 |
BARCELONA |
|
Registration of accounts
(2004) |
01/09/2005 |
301137 |
BARCELONA |
Complementary Information
25/05/04 BLOQUE DE INVESTIGACION:
- Domicilio Social: Cl Gaiter del
Llobregat 160 de El Prat de Llobre-
gat (Barcelona). Esta ubicado en
zona industrial y es de su propie-
dad (sin verificacion registral).
- Su ambito de actuacion es
nacional e internacional.
- Realiza transacciones intracomunitarias
de sus compras y de sus ven-
tas.
24/02/06 BLOQUE DE INVESTIGACION:
- Segun nuestras investigaciones
la titular continua la actividad del
empresario individual LLUCH BOADA
ALBERTO
----------------------------------------------------------------------
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.
Commercial
Experience
General
Information
Foundation
Year 1940
Founder
Sr. Jose Maria
LLuch Grau, pasando de padres a hijos y en la fecha antes indicada fueron
aportados a la titular
PURCHASES
Import
Percentage: 80%
Imports::
Francia,
Italia, EE.UU.
SALES
Collection
(estimated)
Credit
sales percentage 100 %
Export
Percentage: 40%
Exports::
Francia,
Italia, EE.UU., Turquia
Bank Entities
|
Entity |
|
|
Town |
|
|
BANCO DE SABADELL, S.A. |
|
|
|
|
|
DEUTSCHE BANK A.G., S.E. |
|
|
|
|
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
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 18/09/2006
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 |
6.178.766,48 |
6.941.146,64 |
8.035.044,16 |
|
|
I. Establishment expenses |
|
|
|
|
|
II. Intangible assets |
59.596,28 |
49.407,72 |
89.555,44 |
|
|
Software |
|
|
81.586,37 |
|
|
Leasing |
76.042,04 |
76.042,04 |
32.969,34 |
|
|
Amortization |
-16.445,76 |
-26.634,32 |
-25.000,27 |
|
|
III. Tangible assets |
6.117.882,39 |
6.888.451,11 |
7.942.146,74 |
|
|
Property, plant and equipment |
5.548.175,23 |
6.491.406,60 |
6.717.793,48 |
|
|
Machinery, equipment and other |
911.604,62 |
915.743,87 |
955.543,97 |
|
|
Other property plant and equipement |
330.324,38 |
349.031,40 |
359.367,08 |
|
|
Prepaid expenses on fixed assets |
|
|
931.189,15 |
|
|
Other assets |
385.623,78 |
412.144,76 |
460.146,48 |
|
|
Provisions |
|
|
-1.481.893,42 |
|
|
Depreciation |
-1.057.845,62 |
-1.279.875,52 |
|
|
|
IV. Financial assets |
1.287,81 |
3.287,81 |
3.341,98 |
|
|
Other loans |
|
|
3.341,98 |
|
|
Long term deposits and guarantees |
1.287,81 |
3.287,81 |
|
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term trade liabilities |
|
|
|
|
|
C) DEFERRED EXPENSES |
1.518,74 |
714,87 |
313,38 |
|
|
D) CURRENT ASSETS |
16.001.493,32 |
19.457.930,38 |
22.476.695,97 |
|
|
I. Not paid in shareholder capital |
|
|
|
|
|
II. Inventory |
6.515.496,18 |
8.944.056,10 |
9.676.554,12 |
|
|
Goods available for sale |
|
8.944.056,10 |
9.676.554,12 |
|
|
Raw material inventory |
6.515.496,18 |
|
|
|
|
III. Debtors |
9.283.871,03 |
9.828.448,08 |
11.912.368,03 |
|
|
Clients |
8.447.710,53 |
9.301.837,65 |
11.989.737,03 |
|
|
Other debts |
170.327,32 |
4.131,69 |
|
|
|
Taxes refunds |
676.944,89 |
620.273,58 |
113.420,12 |
|
|
Provisions |
-11.111,71 |
-97.794,84 |
-190.789,12 |
|
|
IV. Short term financial assets |
|
|
|
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
202.126,11 |
685.426,20 |
887.773,82 |
|
|
VII. Prepaid expenses and accrued income |
|
|
|
|
|
ASSETS (A + B + C + D) |
22.181.778,54 |
26.399.791,89 |
30.512.053,51 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros) |
31/12/2003 (12) |
31/12/2004 (12) |
31/12/2005 (12) |
|
|
|
A) SHAREHOLDERS EQUITY |
7.264.796,18 |
8.604.333,39 |
10.998.132,24 |
|
|
I. Capital |
2.337.890,00 |
2.337.890,00 |
2.337.890,00 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
2.423.313,38 |
4.926.906,18 |
6.266.443,39 |
|
|
Retained earnings |
242.610,20 |
467.578,00 |
467.578,00 |
|
|
Other funds |
34,96 |
4.459.293,22 |
5.798.830,43 |
|
|
Capital adjustments in Euros |
2.180.668,22 |
34,96 |
34,96 |
|
|
V. Prior year earnings |
|
|
|
|
|
VI. Prior year profit or losses |
2.503.592,80 |
1.339.537,21 |
2.393.798,85 |
|
|
VII. Dividend paid during the year |
|
|
|
|
|
VIII. Own shares for change in capital |
|
|
|
|
|
B) DEFERRED INCOME |
|
|
|
|
|
C) PROVISIONS FOR LIABILITIES AND EXPENSES |
229.510,38 |
317.874,84 |
82.871,96 |
|
|
Provision for taxes |
187.139,03 |
187.139,03 |
|
|
|
Other provisions |
42.371,35 |
130.735,81 |
82.871,96 |
|
|
D) LONG TERM LIABILITIES |
4.245.683,25 |
4.052.569,49 |
7.132.517,26 |
|
|
I. Bonds |
|
|
|
|
|
II. Bank loans |
4.245.683,25 |
4.050.569,49 |
7.130.517,26 |
|
|
Long term bank loans |
4.229.271,39 |
4.044.545,64 |
7.130.092,28 |
|
|
Leasing |
16.411,86 |
6.023,85 |
424,98 |
|
|
III. Debts with associed and affiliated
companies |
|
|
|
|
|
IV. Other creditors |
|
2.000,00 |
2.000,00 |
|
|
Long term deposit and guaranties |
|
2.000,00 |
2.000,00 |
|
|
V. Deferred debts on shares |
|
|
|
|
|
VI. Long term debt with creditor |
|
|
|
|
|
E) SHORT TERM LIABILITIES |
10.441.788,73 |
13.425.014,17 |
12.298.532,05 |
|
|
I. Negotiable bonds |
|
|
|
|
|
II. Bank loans |
6.391.183,74 |
9.164.546,24 |
8.469.976,39 |
|
|
Loans and other debts |
6.331.687,17 |
9.110.180,97 |
8.465.301,61 |
|
|
Debt interest |
49.723,11 |
46.093,09 |
|
|
|
Leasing |
9.773,46 |
8.272,18 |
4.674,78 |
|
|
III. Short term debts with associated and
affiliated companies |
|
|
|
|
|
IV. Trade creditors |
2.040.297,78 |
3.102.852,50 |
2.880.664,68 |
|
|
Expenses |
2.040.297,78 |
3.102.852,50 |
2.880.664,68 |
|
|
V. Other non trade payables |
2.010.307,21 |
1.157.615,43 |
947.890,98 |
|
|
Government |
1.020.896,36 |
1.014.185,12 |
792.812,10 |
|
|
Other debts |
846.127,68 |
|
3.194,67 |
|
|
Accounts receivable |
143.283,17 |
143.430,31 |
151.884,21 |
|
|
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) |
22.181.778,54 |
26.399.791,89 |
30.512.053,51 |
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 |
22.011.831,76 |
24.267.637,02 |
25.470.231,94 |
|
|
Material consumed |
22.011.831,76 |
24.267.637,02 |
25.470.231,94 |
|
|
A.3. Labor cost |
1.785.551,82 |
1.978.394,26 |
2.190.004,58 |
|
|
Wages |
1.524.914,03 |
1.718.208,00 |
1.898.203,26 |
|
|
Social security expenses |
260.637,79 |
260.186,26 |
291.801,32 |
|
|
A.4. Assets depreciation |
251.584,17 |
233.573,58 |
237.353,03 |
|
|
A.5 Variance in provision for current
assets |
124.310,69 |
86.683,13 |
92.994,28 |
|
|
Variance in provision for bad debts |
124.310,69 |
86.683,13 |
92.994,28 |
|
|
A.6. Other operating costs |
1.385.051,64 |
2.418.796,45 |
1.981.656,91 |
|
|
External costs |
1.324.747,14 |
1.519.474,31 |
1.661.048,88 |
|
|
Taxes |
60.304,50 |
899.322,14 |
320.608,03 |
|
|
A.I. OPERATING RESULT
(B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6) |
3.358.632,95 |
3.016.674,18 |
3.771.671,71 |
|
|
A.7. Financial expenses |
451.556,36 |
434.476,00 |
358.060,47 |
|
|
Other companies debts |
451.556,36 |
434.476,00 |
358.060,47 |
|
|
A.8. Variation in financial investments
provision |
|
|
|
|
|
A.9. Exchange losses |
614.112,01 |
790.623,21 |
676.367,15 |
|
|
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) |
2.459.017,94 |
2.298.939,98 |
3.483.812,32 |
|
|
A.10. Variation in provision in fixed
assets |
|
|
|
|
|
A.11. Losses in fixed assets |
|
|
5.729,85 |
|
|
A.12. Losses from shares and bonds |
|
|
|
|
|
A.13. Extraordinary charges |
1.100,36 |
576,81 |
48,74 |
|
|
A.14. Prior year’s expenses and losses |
69.446,45 |
9.168,09 |
|
|
|
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) |
1.184.928,92 |
|
61.927,04 |
|
|
A.V. EARNINGS / LOSS BEFORE TAXES
(A.III+A.IV-B.III-B.IV) |
3.643.946,86 |
2.293.891,74 |
3.545.739,36 |
|
|
A.15. Corporate Taxes |
1.140.354,06 |
954.354,53 |
1.151.940,51 |
|
|
A.16. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.15-A.16) |
2.503.592,80 |
1.339.537,21 |
2.393.798,85 |
|
|
B) INCOMES (B.1 a B13) |
|
|
|
|
|
B.1. Turnover |
28.710.727,30 |
31.744.346,02 |
33.538.536,93 |
|
|
Sales |
29.097.382,44 |
32.008.172,45 |
34.147.211,94 |
|
|
Discounts |
-386.655,14 |
-263.826,43 |
-608.675,01 |
|
|
B.2. Increase in inventory of finished
goods |
|
|
|
|
|
B.3. Expenses capitalized |
|
|
|
|
|
B.4. Other operating income |
206.235,73 |
257.412,60 |
205.375,52 |
|
|
Other incomes |
206.235,73 |
256.012,60 |
205.375,52 |
|
|
Grants |
|
1.400,00 |
|
|
|
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 |
|
|
|
|
|
B.7. Other income from interrest |
166.053,36 |
255.156,41 |
232.656,96 |
|
|
From other companies |
166.053,36 |
255.156,41 |
232.656,96 |
|
|
B.8. Gains on exchange |
|
252.208,60 |
513.911,27 |
|
|
B.II. FINANCIAL LOSSES
(A.7+A.8+A.9-B.5-B.6-B.7-B.8) |
899.615,01 |
717.734,20 |
287.859,39 |
|
|
B.III. LOSSES FROM ORDINARY ACTIVITIES
(B.I+B.II-A.I-A.II) |
|
|
|
|
|
B.9. Gains from disposal of fixed assets |
983.866,19 |
|
4.653,00 |
|
|
B.10. Gains from dealing in own shares |
|
|
|
|
|
B.11. Paid in surplus |
|
|
|
|
|
B.12. Extraordinary income |
2.441,61 |
4.696,66 |
62.140,32 |
|
|
B.13. Prior year’s income and profits |
269.167,93 |
|
912,31 |
|
|
B.IV. EXTRAORDINARY LOSSES
(A.10+A.11+A.12+A.13+A.14-B.9-B.10-B.11-B.12-B.13) |
|
5.048,24 |
|
|
|
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 |
10,07 |
10,57 |
5,65 |
|
|
Assets Turnover |
1,29 |
1,20 |
1,10 |
|
|
Productivity |
3,09 |
2,69 |
2,87 |
|
|
Increase of the Added Value |
36,58 |
-3,71 |
18,38 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
11,29 |
5,07 |
7,85 |
|
|
Financial Profitability |
34,46 |
15,57 |
21,77 |
|
|
Financial Expenses |
1,57 |
1,37 |
1,07 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
116,00 |
111,00 |
128,00 |
|
|
Suppliers’ Credit (In days of sales) |
33,00 |
46,00 |
41,00 |
|
|
Working Capital (In days of sales) |
70,00 |
68,00 |
109,00 |
|
|
Working Capital Requirement (In days of
sales) |
147,00 |
165,00 |
191,00 |
|
|
Treasury (In days of sales) |
0,00 |
0,00 |
0,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
5.559.704,59 |
6.032.916,21 |
10.178.163,92 |
|
|
Working Capital Requirement |
11.748.762,22 |
14.512.036,25 |
17.760.366,49 |
|
|
Treasury |
-6.189.057,63 |
-8.479.120,04 |
-7.582.202,57 |
|
|
Balance Ratio |
1,90 |
1,87 |
2,27 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
66,21 |
66,20 |
63,68 |
|
|
Own / Permanent Funds |
61,88 |
66,32 |
60,38 |
|
|
Payback Capacity |
0,51 |
0,55 |
0,57 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,53 |
1,45 |
1,83 |
|
|
Immediate Liquidity |
0,02 |
0,05 |
0,07 |
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 |
0,02 |
-0,02 |
|
FIXED ASSETS |
26,33 |
26,57 |
-0,24 |
|
ACCRUED EXPENSES |
0,00 |
0,31 |
-0,31 |
|
CURRENT ASSETS |
73,66 |
73,11 |
0,55 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS EQUITY |
36,05 |
38,75 |
-2,70 |
|
ACCRUED INCOME |
0,00 |
0,26 |
-0,26 |
|
RISK AND EXPENDITURE
COVER |
0,27 |
0,17 |
0,10 |
|
LONG-TERM CREDITORS |
23,38 |
6,88 |
16,50 |
|
SHORT-TERM CREDITORS |
40,31 |
53,94 |
-13,63 |
|
SHORT-TERM RISK AND
EXPENDITURE COVER |
0,00 |
0,01 |
-0,01 |
|
TOTAL LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account of Results
|
(Figures given in Percentages) |
Company |
Sector |
Company |
|
|
2.005 |
|
|
|
Net turnover |
99,39 |
99,27 |
0,12 |
|
Other operating income |
0,61 |
0,73 |
-0,12 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
75,48 |
78,54 |
-3,06 |
|
Other operation expenses |
5,87 |
7,95 |
-2,08 |
|
Added value |
18,65 |
13,51 |
5,14 |
|
Labor cost |
6,49 |
7,45 |
-0,96 |
|
Gross Economic Result |
12,16 |
6,06 |
6,10 |
|
Assets depreciation |
0,70 |
1,32 |
-0,62 |
|
Variation in provision
for current assets |
0,28 |
0,30 |
-0,02 |
|
Net Economic Result |
11,18 |
4,44 |
6,74 |
|
Financial income |
2,21 |
0,60 |
1,61 |
|
Financial expenses |
3,07 |
0,95 |
2,11 |
|
Variation in financial
investment provision |
0,00 |
0,00 |
-0,00 |
|
Ordinary Activities
Result |
10,32 |
4,08 |
6,24 |
|
Extraordinary income |
0,20 |
0,41 |
-0,21 |
|
Extraordinary expenses |
0,02 |
0,22 |
-0,20 |
|
Variation in provision
in fixed assets |
0,00 |
0,03 |
-0,03 |
|
Results before Taxes |
10,51 |
4,24 |
6,26 |
|
Corporaye taxes |
3,41 |
1,31 |
2,10 |
|
Net Result |
7,09 |
2,93 |
4,16 |
|
Assets depreciation |
0,70 |
1,32 |
-0,62 |
|
Provisions fund
variation |
0,28 |
0,33 |
-0,05 |
|
Net Self-Financing |
8,07 |
4,59 |
3,49 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.005 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales
Figures |
5,65 |
-1,33 |
5,33 |
13,26 |
|
Assets Turnover |
1,10 |
1,31 |
1,65 |
2,15 |
|
Fixed Assets Turnover |
4,17 |
4,67 |
9,17 |
19,61 |
|
Increase of the Added
Value |
18,38 |
-5,60 |
5,38 |
14,86 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
2,87 |
1,45 |
1,80 |
2,32 |
|
Change of Personnel Costs |
10,70 |
2,80 |
9,07 |
15,90 |
|
Average Personnel Costs |
45.625,10 |
21.586,06 |
27.828,95 |
35.212,61 |
|
Value Added by Employees |
131.083,82 |
37.164,07 |
50.708,88 |
72.985,12 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
2.724.146,16 |
232.387,65 |
456.446,54 |
847.505,73 |
|
Operating Cash Flow |
4.102.019,02 |
348.856,67 |
621.024,74 |
1.135.561,64 |
|
Change in Cash Flow |
64,13 |
-19,07 |
1,16 |
24,08 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
7,84 |
1,73 |
3,49 |
6,93 |
|
Financial Profitability |
21,77 |
5,72 |
10,98 |
18,15 |
|
Financial Expenses |
1,07 |
0,34 |
0,70 |
1,15 |
|
Gross Economic
Profitability |
13,44 |
5,46 |
8,69 |
13,76 |
|
Gross Financial
Profitability |
37,30 |
17,33 |
26,70 |
42,04 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In
days of sales) |
127,00 |
74,18 |
99,59 |
125,75 |
|
Suppliers’ Credit (In
days of sales) |
40,00 |
31,25 |
68,61 |
104,85 |
|
Working Capital (In days
of sales) |
109,00 |
12,06 |
36,47 |
73,51 |
|
Working Capital
Requirement (In days of sales) |
190,00 |
22,16 |
66,91 |
102,05 |
|
Treasury (In days of sales) |
0,00 |
-52,24 |
-13,54 |
9,35 |
|
Operating Current Assets |
241,00 |
125,11 |
165,51 |
204,59 |
|
BALANCE |
|
|
|
|
|
Working Capital |
10.178.163,92 |
346.893,64 |
1.261.232,95 |
2.691.262,42 |
|
Working Capital
Requirement |
17.760.366,49 |
728.690,83 |
2.018.402,01 |
3.839.256,03 |
|
Treasury |
-7.582.202,57 |
-1.823.814,59 |
-470.376,35 |
307.196,45 |
|
Balance Ratio |
2,27 |
1,22 |
1,90 |
3,62 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
63,68 |
47,63 |
65,26 |
79,10 |
|
Own / Permanent Funds |
60,38 |
76,18 |
93,60 |
99,76 |
|
Payback Capacity |
0,57 |
0,24 |
0,34 |
0,48 |
|
Long term Indebtedness |
23,38 |
0,00 |
2,09 |
8,31 |
|
Gearing |
277,43 |
190,93 |
287,84 |
478,36 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
1,57 |
1,22 |
1,48 |
2,07 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,83 |
1,08 |
1,30 |
1,75 |
|
Immediate Liquidity |
0,07 |
0,03 |
0,08 |
0,22 |
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 |
|