MIRA
INFORM REPORT
|
Report Date : |
15.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
STOPPANI MEDITERRANEA S.L. |
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Registered Office : |
Avenida
Sant Julia, 213, 08403 Granollers ( |
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Country : |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
26/05/1986 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Manufacturing
of organic basic chemical and petrochemical products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Identification and
Characteristics
|
Tax Number |
B58196221 |
|
NAME |
STOPPANI
MEDITERRANEA S.L. |
|
FORMER NAME |
NUEVA TANEX SA |
|
BUSINESS
ADDRESS |
AVENIDA SANT JULIA, 213 |
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Postcode |
08403 GRANOLLERS ( |
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URL |
http://www.stoppani.it |
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TELEPHONE |
938404070 |
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FAX |
938495104 |
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LEGAL FORM |
LIMITED LIABILITY COMPANY |
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DATE FOUNDED |
26/05/1986 |
|
CAPITAL |
49.997,19 Euros |
|
NUMBER OF
EMPLOYEES |
8 |
|
ACTIVITY |
1251100 - Mfg. of organic basic
chemical and petrochemical products |
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CNAE |
2414 - Manufacture of other
organic basic chemicals |
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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 31/01/2005 it is a/an office, factory
property rented and it is located in an area main |
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Synthesis
|
FINANCIAL SITUATION (Year
ending: 31/12/2004) |
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PROFITABILITY |
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4/9 Nil |
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TREASURY |
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1/9 Degraded |
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BALANCE SHEET |
|
1/9 Degraded |
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DEBT |
|
4/9 Heavy |
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INCIDENTS |
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COMMITMENTS |
|
1/9 Not
fulfilled |
|
INCIDENTS |
|
1/9 Relevant |
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PREVIOUS EXPERIENCE |
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PREVIOUS
EXPERIENCE |
|
2/9 Unfavourable |
Credit Appraisal
|
CREDIT ACCORDING TO OBJECTIVE DATA (From 0
to 6.000.000,00 Euros): |
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Prudence advised. |
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SOLVENCY RATING: |
|
3/20 (BASED ON HOMOGENEOUS FORMULATION)
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Analysis made on 05/12/2006 |
Financial Elements
Figures given in
Euros
|
|
Balance
sheet 2.002 (12) |
Balance sheet 2.003
(12) |
Balance sheet 2.004
(12) |
% Sales |
|
|
SALES |
2.933.392,35 |
3.875.263,28 |
3.961.688,18 |
|
|
|
ADDED VALUE |
1.077.091,98 |
2.761.054,23 |
771.915,31 |
19,48 |
|
|
BUSINESS RESULT |
-2.215.457,75 |
2.261.051,02 |
-3.641,65 |
-0,09 |
|
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OWN FUNDS |
-2.168.553,39 |
92.497,63 |
88.855,99 |
|
|
|
DEBT |
9.453.051,49 |
8.145.927,06 |
7.629.225,19 |
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|
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TOTAL ASSET |
7.306.930,60 |
8.238.424,69 |
7.718.081,18 |
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|
|
The sales of 3.961.688,18
Euros show a change of 2,23% compared with
2.003 . Between 2.002 and 2.003 , this
change was 32,11% . |
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Added value grew by -72,04%
compared with the previous year. Shareholders equity are 88.855,99
Euros for an indebtedness of 7.629.225,19 Euros
. |
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The result -3.641,65
Euros means financial profitability of -4,10% and
economic profitability of -0,05% . This result means growth of
-100,16% compared with the 2.003 . |
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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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DATE: 10/01/2006 |
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Results Distribution |
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Annual Report Year Source: 2.004 |
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Figures given in Euros |
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Distribution Base |
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Profit and Loss |
-3.642 |
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Total of Amounts to be
distributed |
-3.642 |
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Distribution a |
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Prior years losses |
-3.642 |
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Auditors’ opinion: |
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FAVOURABLE WITH RESERVATIONS (2.001) |
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Auditors: |
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GESTION Y AUDITORIA DE EMPRESAS S.L. |
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Comparative Sector
Analysis
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Company |
Sector |
Difference |
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(2.004) |
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% of PRODUCTION VALUE |
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SALES |
98,08 |
98,01 |
0,07 |
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ADDED
VALUE |
19,11 |
28,77 |
-9,66 |
|
BUSINESS
RESULT |
-0,09 |
2,77 |
-2,86 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN
FUNDS |
1,15 |
40,63 |
-39,48 |
|
DEBT |
98,85 |
59,37 |
39,48 |
Compared sector (CNAE): 241 - Fabricación de productos
químicos básicos
Number of companies: 70
Size (Sales Figure): 2.800.000,00 - 7.000.000,00 Euros
The turnover of the company is 0,07%
above the mean for the sector.
The company’s added value was 19,11%
s/ the production value, and 9,66% below the mean for the sector.
The company’s business result was
-0,09% of the PV, 2,86% below the mean for the sector.
The company’s own resources are 1,15%
, 39,48% below the mean for the sector.
The company’s outside resources are
98,85% , 39,48% above the mean for the sector.
Legal Actions
|
LEGAL ACTIONS: 1 |
( Last 09/11/2006 ) |
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0 |
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1 |
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Properties affected by an
auction for an amount of 2.000 Euros |
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|
CLAIM FILED AGAINST THE ADMINISTRATION: 4 |
( First 08/11/2005,
Last 10/08/2006 ) |
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2 |
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0 |
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2 |
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AFFECTED BY: 1 Company /
Companies in Insolvency Proceedings |
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Insolvency Proceeding: 0
Last Legal Actions
(Figures given in Euros)
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Information Date |
Incidence Status |
Actor |
Amount |
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09/11/2006 |
AUCTION |
DIAZ ROMERO PEDRO |
2.000,00 |
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Total: 1 |
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Last claim filed against the
administration |
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(Figures given in Euros) |
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With the Social Security: 2 |
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Information Date |
Organization |
Amount |
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|
10/08/2006 |
CENTRAL TREASURY FOR SOCIAL
SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
600,00 |
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|
01/03/2006 |
FACTORY INSPECTION/ SOCIAL
SECURITY DE |
600,00 |
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Rest of Organisms: 2 |
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Information Date |
Organization |
Amount |
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10/03/2006 |
TOWN/ CITY HALL DE |
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08/11/2005 |
TOWN/ CITY HALL DE |
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Main Board members,
Directors and Auditor
|
Position |
Surname and name |
Date of appointment |
|
CHAIRMAN |
FRANCESCO DI CASTRI |
19/10/2006 |
|
BOARD MEMBER |
PAOLO SANDRO MINGHETTI |
19/10/2006 |
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BOARD MEMBER |
FABIO PETTINATO |
19/10/2006 |
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AUDITOR |
GESTION Y AUDITORIA DE EMPRESAS S L |
22/01/2003 |
Functional Managers
|
Position |
Surname and name |
Date of appointment |
|
GENERAL MANAGER |
PORTATADINO PIERMARIO |
10/04/2006 |
|
FINANCIAL MANAGER |
PORTATADINO PIERMARIO |
31/01/2005 |
|
HUMAN RESOURCES MANAGER |
PORTATADINO PIERMARIO |
10/04/2006 |
Financial Links
|
Shareholders |
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|
Company Name |
CIF/Country |
|
Source |
Information Date |
|
STOPPANI SPA |
ITALIA |
99,00% |
OWN SOURCES |
12/04/2006 |
|
LUIGI STOPPANI SPA |
ITALIA |
Indet. |
M.REGISTER |
31/12/2002 |
|
SOCIETA VANETTA SPA |
ITALIA |
Indet. |
M.REGISTER |
31/12/2002 |
Proceedings published
in the B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Resignations |
19/10/2006 |
501717 |
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Appointments |
19/10/2006 |
501717 |
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Registration of accounts
(2004) |
02/01/2006 |
007715 |
|
|
Registration of accounts
(2003) |
04/02/2005 |
059990 |
|
|
Registration of accounts
(2002) |
03/11/2003 |
764368 |
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Press articles
|
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26/11/2002 |
EL P. CATALUNYA |
LEGAL ANNOUNCE |
|
LA JUNTA GENERAL EXTRAORDINARIA Y
UNIVERSAL DE NUEVA TANEX, S.A., CELEBRADA EL 25/6/02, ACORDO REDUCIR EL CAPITAL SOCIAL DE
1.658.760 EUROS A 0 EUROS, Y LA SIMULTANEA AMPLIACION SDAD. EN SDAD. DE RESPONSABILIDAD LIMITADA
Y EL DENOMINARSE STOPPANI MEDITERRANEA, S.L. |
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|
24/07/1995 |
VANGUARDIA |
LEGAL ANNOUNCE |
|
EN LA JUNTA GRAL. EXTRAORDINARIA Y
UNIVERSAL CELEBRADA EL 27/06/95, UNANIMIDAD, CAMBIAR LA DENOMINACION SOCIAL
DE ESTA |
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Complementary
Information
|
23/04/02 BLOQUE DE INVESTIGACION: |
|
- Su actividad concreta es la fabricacion
y distribucion de productos |
|
quimicos. |
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- Exporta a Asia y |
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---------------------------------------------------------------------- |
|
El Bloque de Investigacion no esta sujeto
a actualizaciones sistemati |
|
cas. Los datos mostrados fueron aportados
por las fuentes consultadas |
|
en la fecha |
Brands, Signs and
Commercial Names
|
Prevailing Brands |
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|
Name: |
URETANEX |
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|
Kind of Brand: |
DENOMINATIVE |
File: |
M2241450 |
||
|
Request Date: |
16/06/1999 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 1 |
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Name: |
TANXCEL |
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|
Kind of Brand: |
JOINT |
File: |
M2200877 |
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|
Request Date: |
07/12/1998 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 1 |
|
||||
|
Name: |
TANEXCRYL |
||||
|
Kind of Brand: |
DENOMINATIVE |
File: |
M2198404 |
||
|
Request Date: |
25/11/1998 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 1 |
|
||||
|
Name: |
TANACIDE |
||||
|
Kind of Brand: |
DENOMINATIVE |
File: |
M2146848 |
||
|
Request Date: |
03/03/1998 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 1 |
|
||||
|
Name: |
SILKYTAN |
||||
|
Kind of Brand: |
DENOMINATIVE |
File: |
M2146851 |
||
|
Request Date: |
03/03/1998 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 1 |
|
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Total Marcas: 12
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
|
BANCO DE SABADELL, S.A. |
0034 |
C JOAN PRIM 000036 |
GRANOLLERS |
|
|
BANCO SANTANDER CENTRAL HISPANO, S.A. |
4946 |
PL. PERPINYA, 23-25 |
GRANOLLERS |
|
|
CAIXA D’ESTALVIS DE CATALUNYA |
0046 |
PLACA DE MALUQUER I |
GRANOLLERS |
|
|
CAIXA D’ESTALVIS DE CATALUNYA |
0034 |
PASSEIG DR. ESTEVE S/N |
TORA |
|
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 10/01/2006
Balance Sheet
(ASSETS)
|
(Figures given in Euros) |
31/12/2002 (12) |
31/12/2003 (12) |
31/12/2004 (12) |
|
|
|
A) DUE FROM SHAREHOLDERS FOR UNCALLED
CAPITAL |
|
|
|
|
|
B) FIXED ASSETS |
3.376.430,20 |
3.029.309,39 |
2.734.375,29 |
|
|
I. Establishment expenses |
1.165.296,03 |
992.167,32 |
819.038,61 |
|
|
II. Intangible assets |
355.032,31 |
304.669,12 |
257.523,79 |
|
|
III. Tangible assets |
1.850.716,25 |
1.727.087,34 |
1.652.427,28 |
|
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IV. Financial assets |
5.385,61 |
5.385,61 |
5.385,61 |
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V. Owners equity |
|
|
|
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VI. Long term trade liabilities |
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|
|
|
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C) DEFERRED EXPENSES |
18.975,86 |
|
|
|
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D) CURRENT ASSETS |
3.911.524,54 |
5.209.115,30 |
4.983.705,89 |
|
|
I. Not paid in shareholder capital |
|
|
|
|
|
II. Inventory |
650.579,54 |
1.053.919,81 |
815.989,46 |
|
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III. Debtors |
2.339.711,53 |
2.978.053,71 |
3.790.210,65 |
|
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IV. Short term financial assets |
|
|
|
|
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V. Short term owners equity |
|
|
|
|
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VI. Cash |
539.611,53 |
974.606,42 |
366.261,90 |
|
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VII. Prepaid expenses and accrued income |
381.621,94 |
202.535,36 |
11.243,88 |
|
|
ASSETS (A + B + C + D) |
7.306.930,60 |
8.238.424,69 |
7.718.081,18 |
Balance Sheet
(LIABILITIES)
|
(Figures given in Euros) |
31/12/2002 (12) |
31/12/2003 (12) |
31/12/2004 (12) |
|
|
|
A) SHAREHOLDERS EQUITY |
-2.168.553,39 |
92.497,63 |
88.855,99 |
|
|
I. Capital |
49.997,19 |
49.997,19 |
49.997,19 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
26.350,34 |
26.350,34 |
26.350,34 |
|
|
Capital adjustments in Euros |
18,16 |
18,16 |
18,16 |
|
|
Sundry reserves |
26.332,18 |
26.332,18 |
26.332,18 |
|
|
V. Prior year earnings |
-29.443,17 |
-2.244.900,92 |
16.150,11 |
|
|
VI. Prior year profit or losses |
-2.215.457,75 |
2.261.051,02 |
-3.641,65 |
|
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VII. Dividend paid during the year |
|
|
|
|
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VIII. Own shares for change in capital |
|
|
|
|
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B) DEFERRED INCOME |
22.432,50 |
|
|
|
|
C) PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
D) LONG TERM LIABILITIES |
|
|
|
|
|
E) SHORT TERM LIABILITIES |
9.453.051,49 |
8.145.927,06 |
7.629.225,19 |
|
|
F) SHORT TERM PROVISIONS FOR LIABILITIES
AND EXPENSES |
|
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
7.306.930,60 |
8.238.424,69 |
7.718.081,18 |
Profit and Loss
Account
|
(Figures given in Euros) |
31/12/2002 (12) |
31/12/2003 (12) |
31/12/2004 (12) |
|
|
|
A) EXPENSES (A.1 a A.15) |
|
|
|
|
|
A.1 Operating Expenses |
1.889.661,14 |
2.932.801,19 |
2.885.278,90 |
|
|
A.3. Labor cost |
414.094,55 |
324.456,32 |
313.642,89 |
|
|
Wages |
348.529,76 |
259.790,05 |
255.945,68 |
|
|
Social security expenses |
65.564,79 |
64.666,27 |
57.697,21 |
|
|
A.3. Assets depreciation |
348.154,48 |
359.964,55 |
311.828,10 |
|
|
A.4. Variance in provision for current
assets |
2.014.550,00 |
-161.071,24 |
75.000,00 |
|
|
A.5. Other operating costs |
1.189.139,04 |
631.937,45 |
381.876,75 |
|
|
A.I. OPERATING RESULT
(B.1-A.1-A.2-A.3-A.4-A.5) |
|
2.237.704,60 |
71.444,32 |
|
|
A.6. Financial expenses |
13.574,53 |
5.524,91 |
3.869,44 |
|
|
Other companies debts |
13.574,53 |
5.524,91 |
3.869,44 |
|
|
A.7. Variation in financial investments
provision |
|
|
|
|
|
A.8. Exchange losses |
4.547,82 |
|
96,17 |
|
|
A.II. POSITIVE FINANCIAL RESULTS
(B.2+B.3-A.6-A.7-A.8) |
|
18.708,29 |
18.743,03 |
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES
(A.I+A.II-B.I-B.II) |
|
2.256.412,89 |
90.187,35 |
|
|
A.9. Variation in provision in fixed
assets |
|
|
|
|
|
A.10. Losses in fixed assets |
|
9.879,64 |
|
|
|
A.11. Losses from shares and bonds |
|
|
|
|
|
A.12. Extraordinary charges |
|
|
32.053,02 |
|
|
A.13. Prior year’s expenses and losses |
511.469,41 |
|
104.938,26 |
|
|
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) |
|
2.895,39 |
|
|
|
A.V. EARNINGS / LOSS BEFORE TAXES
(A.III+A.IV-B.III-B.IV) |
|
2.259.308,28 |
|
|
|
A.14. Corporate Taxes |
|
-1.742,74 |
|
|
|
A.15. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.14-A.15) |
|
2.261.051,02 |
|
|
|
B) INCOMES (B.1 a B.8) |
|
|
|
|
|
B.1. Operating income |
4.155.892,16 |
6.325.792,87 |
4.039.070,96 |
|
|
Turnover |
2.933.392,35 |
3.875.263,28 |
3.961.688,18 |
|
|
Other operating income |
1.222.499,81 |
2.450.529,59 |
77.382,78 |
|
|
B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5-B.1) |
1.699.707,05 |
|
|
|
|
B.2. Financial Income |
12.109,18 |
18.356,26 |
7.367,06 |
|
|
Other |
12.109,18 |
18.356,26 |
7.367,06 |
|
|
B.3. Gains on exchange |
1.493,40 |
5.876,94 |
15.341,58 |
|
|
B.II. FINANCIAL LOSSES
(A.6+A.7+A.8-B.2-B.3) |
4.519,77 |
|
|
|
|
B.III. LOSSES FROM ORDINARY ACTIVITIES
(B.I+B.II-A.I-A.II) |
1.704.226,82 |
|
|
|
|
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 |
|
12.775,03 |
|
|
|
B.8. Prior year’s income and profits |
238,48 |
|
43.162,28 |
|
|
B.IV. EXTRAORDINARY LOSSES
(A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8) |
511.230,93 |
|
93.829,00 |
|
|
B.V. LOSS BEFORE TAXES
(B.III+B.IV-A.III-A.IV) |
2.215.457,75 |
|
3.641,65 |
|
|
B.VI. NET LOSS (B.V+A.14+A.15) |
2.215.457,75 |
|
3.641,65 |
Main Ratios
|
(Figures given in Euros) |
2.002 (12) |
2.003 (12) |
2.004 (12) |
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
-62,84 |
32,11 |
2,23 |
|
|
Assets Turnover |
0,40 |
0,47 |
0,51 |
|
|
Productivity |
2,60 |
8,51 |
2,46 |
|
|
Increase of the Added Value |
2.303,36 |
156,34 |
-72,04 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
-30,32 |
27,45 |
-0,05 |
|
|
Financial Profitability |
102,16 |
2.444,44 |
-4,10 |
|
|
Financial Expenses |
0,46 |
0,14 |
0,10 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
287,00 |
277,00 |
344,00 |
|
|
Suppliers’ Credit (In days of sales) |
1.796,00 |
993,00 |
|
|
|
Working Capital (In days of sales) |
0,00 |
0,00 |
0,00 |
|
|
Working Capital Requirement (In days of
sales) |
0,00 |
0,00 |
0,00 |
|
|
Treasury (In days of sales) |
66,00 |
91,00 |
33,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
-5.541.526,95 |
-2.936.811,76 |
-2.645.519,30 |
|
|
Working Capital Requirement |
-6.081.138,48 |
-3.911.418,18 |
-3.011.781,20 |
|
|
Treasury |
539.611,53 |
974.606,42 |
366.261,90 |
|
|
Balance Ratio |
-0,63 |
0,03 |
0,03 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
129,37 |
98,88 |
98,85 |
|
|
Own / Permanent Funds |
101,05 |
100,00 |
100,00 |
|
|
Payback Capacity |
1,79 |
2,00 |
1,75 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
0,41 |
0,64 |
0,65 |
|
|
Immediate Liquidity |
0,06 |
0,12 |
0,05 |
Sectorial Analysis
Summary of Assets, Liability & Equity
|
(Figures given in Percentages) |
Company |
Sector |
Company |
|
|
2.004 |
|
|
|
Assets |
|||
|
DUE FROM SHAREHOLDERS
FOR UNCALLED CAPITAL |
0,00 |
0,01 |
-0,01 |
|
FIXED ASSETS |
35,43 |
44,16 |
-8,73 |
|
ACCRUED EXPENSES |
0,00 |
0,41 |
-0,41 |
|
CURRENT ASSETS |
64,57 |
55,42 |
9,15 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS EQUITY |
1,15 |
40,63 |
-39,48 |
|
ACCRUED INCOME |
0,00 |
1,84 |
-1,84 |
|
RISK AND EXPENDITURE
COVER |
0,00 |
0,13 |
-0,13 |
|
LONG-TERM CREDITORS |
0,00 |
16,18 |
-16,18 |
|
SHORT-TERM CREDITORS |
98,85 |
41,19 |
57,66 |
|
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 |
Company |
|
|
2.004 |
|
|
|
Net turnover |
98,08 |
98,01 |
0,08 |
|
Other operating income |
1,92 |
1,99 |
-0,08 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
71,43 |
52,46 |
18,98 |
|
Other operation expenses |
9,45 |
18,77 |
-9,32 |
|
Added value |
19,11 |
28,77 |
-9,66 |
|
Labor cost |
7,77 |
18,32 |
-10,55 |
|
Gross Economic Result |
11,35 |
10,46 |
0,89 |
|
Assets depreciation |
7,72 |
4,47 |
3,25 |
|
Variation in provision
for current assets |
1,86 |
0,38 |
1,48 |
|
Net Economic Result |
1,77 |
5,61 |
-3,84 |
|
Financial income |
0,56 |
0,40 |
0,16 |
|
Financial expenses |
0,10 |
2,04 |
-1,94 |
|
Variation in financial
investment provision |
0,00 |
-0,03 |
0,03 |
|
Ordinary Activities
Result |
2,23 |
4,01 |
-1,77 |
|
Extraordinary income |
1,07 |
0,43 |
0,64 |
|
Extraordinary expenses |
3,39 |
0,24 |
3,15 |
|
Variation in provision
in fixed assets |
0,00 |
0,00 |
-0,00 |
|
Results before Taxes |
-0,09 |
4,19 |
-4,28 |
|
Corporaye taxes |
0,00 |
1,42 |
-1,42 |
|
Net Result |
-0,09 |
2,77 |
-2,86 |
|
Assets depreciation |
7,72 |
4,47 |
3,25 |
|
Provisions fund variation |
1,86 |
0,35 |
1,51 |
|
Net Self-Financing |
9,49 |
7,58 |
1,90 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.004 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales
Figures |
2,23 |
-5,73 |
1,88 |
10,32 |
|
Assets Turnover |
0,51 |
1,06 |
1,30 |
1,72 |
|
Fixed Assets Turnover |
1,45 |
1,90 |
3,82 |
6,50 |
|
Increase of the Added
Value |
-72,04 |
-1,97 |
6,06 |
15,94 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
2,46 |
1,29 |
1,47 |
1,78 |
|
Change of Personnel
Costs |
-3,33 |
1,13 |
7,55 |
14,61 |
|
Average Personnel Costs |
39.205,36 |
23.175,15 |
28.078,97 |
34.999,39 |
|
Value Added by Employees |
96.489,41 |
33.325,13 |
46.138,64 |
56.175,88 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
383.186,45 |
145.028,59 |
253.335,34 |
473.966,64 |
|
Operating Cash Flow |
458.272,42 |
192.584,92 |
358.222,89 |
616.893,19 |
|
Change in Cash Flow |
-84,42 |
-20,47 |
-0,68 |
26,53 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
-0,05 |
0,57 |
2,12 |
5,61 |
|
Financial Profitability |
-4,10 |
1,98 |
7,67 |
14,56 |
|
Financial Expenses |
0,10 |
0,53 |
1,17 |
2,06 |
|
Gross Economic Profitability |
5,94 |
7,32 |
11,18 |
16,71 |
|
Gross Financial
Profitability |
515,75 |
19,67 |
32,56 |
50,85 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In
days of sales) |
344,00 |
65,88 |
100,34 |
123,55 |
|
Suppliers’ Credit (In
days of sales) |
|
0,00 |
0,00 |
61,17 |
|
Working Capital (In days
of sales) |
0,00 |
-11,58 |
19,03 |
61,38 |
|
Working Capital
Requirement (In days of sales) |
0,00 |
-20,26 |
8,05 |
60,99 |
|
Treasury (In days of
sales) |
33,00 |
1,35 |
8,98 |
33,53 |
|
Operating Current Assets |
452,00 |
120,97 |
159,94 |
198,82 |
|
BALANCE |
|
|
|
|
|
Working Capital |
-2.645.519,30 |
-145.192,59 |
204.337,62 |
815.681,21 |
|
Working Capital
Requirement |
-3.011.781,20 |
-205.571,23 |
89.126,36 |
742.192,71 |
|
Treasury |
366.261,90 |
14.545,33 |
94.600,87 |
389.967,90 |
|
Balance Ratio |
0,03 |
0,91 |
1,18 |
1,93 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
98,85 |
47,99 |
65,62 |
79,74 |
|
Own / Permanent Funds |
100,00 |
59,66 |
80,12 |
95,13 |
|
Payback Capacity |
1,75 |
0,30 |
0,42 |
0,54 |
|
Long term Indebtedness |
|
2,61 |
8,41 |
17,90 |
|
Gearing |
8.686,06 |
192,27 |
290,83 |
493,49 |
|
Financing Basic Ratio |
1,00 |
0,99 |
1,00 |
1,01 |
|
Assets Guarantee |
0,90 |
1,19 |
1,46 |
2,06 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
0,65 |
0,91 |
1,13 |
1,55 |
|
Immediate Liquidity |
0,05 |
0,01 |
0,09 |
0,30 |
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 |
|