MIRA
INFORM REPORT
|
Report Date : |
24.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
FIELTROS
Y TEJIDOS INDUSTRIALES S R L |
|
|
|
|
Registered Office : |
Calle
Orient, 78 - 84 2 16, 08172 Sant Cugat |
|
|
|
|
Country : |
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|
|
|
|
Financials (as on) : |
31.12.2004 |
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|
|
|
Date of Incorporation : |
02/12/1946 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Manufacturing
of cordages, laces, twines, etc. |
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 : |
Usually
correct |
|
|
|
|
Litigation : |
Clear |
Identification and
Characteristics
|
Tax Number |
B08059636 |
|
NAME |
FIELTROS Y TEJIDOS INDUSTRIALES S R L |
|
TRADE NAME |
F.Y.T.I.S.A. |
|
FORMER NAME |
FIELTROS Y TEJIDOS INDUSTRIALES SA |
|
BUSINESS
ADDRESS |
CALLE ORIENT, 78 - 84 2 16 |
|
Postcode |
08172 SANT CUGAT |
|
FORMER
ADDRESS |
CALLE ANGEL GUIMERA, 25 |
|
Postcode |
08201 |
|
URL |
http://www.fytisa.com |
|
TELEPHONE |
935831811 |
|
FAX |
937181295 |
|
LEGAL FORM |
LIMITED LIABILITY COMPANY |
|
DATE FOUNDED |
02/12/1946 |
|
CAPITAL |
1.117.769,85 Euros |
|
NUMBER OF
EMPLOYEES |
109 |
|
ACTIVITY |
1439200 - Mfg. of cordages,
laces, twines, etc. |
|
CNAE |
1753 - Manufacture of non-wovens
and articles made from non-wovens, except apparel |
|
EXPORT COMPANY |
YES |
|
IMPORT COMPANY |
YES |
|
* Characteristics of the main address |
|
|
According to our researches
dated 15/07/2005 these are it is a/an local used
as shared premises located in a commercial area 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 |
|
2/9 Negative |
|
TREASURY |
|
9/9 Excellent |
|
BALANCE SHEET |
|
9/9 Excellent |
|
DEBT |
|
7/9 Low |
|
INCIDENTS |
||
|
|
|
|
|
COMMITMENTS |
|
9/9 Respected |
|
INCIDENTS |
|
9/9 None
or Negligible |
|
PREVIOUS EXPERIENCE |
||
|
|
|
|
|
PREVIOUS
EXPERIENCE |
|
6/9 Average |
Credit Appraisal
|
CREDIT ACCORDING TO OBJECTIVE DATA (From 0
to 6.000.000,00 Euros): |
|
FAVOURABLE TOWARDS 201.940,07
Max. |
|
SOLVENCY RATING: |
|
9/20 (BASED ON HOMOGENEOUS FORMULATION)
|
|
|
|
|
Financial Elements
Figures given in
Euros
|
|
Balance
sheet 2.002 (12) |
Balance sheet 2.003
(12) |
Balance sheet 2.004
(12) |
% Sales |
|
|
SALES |
11.493.433,70 |
11.161.424,13 |
11.005.866,50 |
|
|
|
ADDED VALUE |
3.876.957,30 |
3.714.067,89 |
3.752.764,44 |
34,10 |
|
|
BUSINESS RESULT |
-88.293,37 |
-561.635,71 |
-579.712,52 |
-5,26 |
|
|
OWN FUNDS |
8.075.419,84 |
7.525.385,12 |
6.945.672,60 |
|
|
|
DEBT |
5.180.394,40 |
6.033.462,34 |
5.583.107,53 |
|
|
|
TOTAL ASSET |
13.255.814,24 |
13.558.847,46 |
12.537.419,05 |
|
|
|
The sales of 11.005.866,50
Euros show a change of -1,39% compared with
2.003 . Between 2.002 and 2.003 , this
change was -2,89% . |
|||||
|
Added value grew by 1,04% compared
with the previous year. Shareholders equity are 6.945.672,60
Euros for an indebtedness of 5.583.107,53 Euros
. |
|||||
|
The result -579.712,52
Euros means financial profitability of -8,35% and
economic profitability of -4,62% . This result means growth of
-3,22% 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: 15/02/2006 |
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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 |
|||||
|
Profit and Loss |
-579.713 |
||||
|
Total of Amounts to be
distributed |
-579.713 |
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|
Distribution a |
|||||
|
Prior years losses |
-579.713 |
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|
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Auditors’ opinion: |
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|
FAVOURABLE WITH RESERVATIONS (2.004) |
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Auditors: |
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|
G.M.P. AUDITORES SA |
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Auditing Provisos |
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Close Date: 31/12/2004 |
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|
LA SOCIEDAD PARTICIPA EN EL CAPITAL SOCIAL
DE LA EMPRESA ASOCIADA (NOTA 7). DICHA PARTICIPACION POR IMPORTE DE 401 MILES
DE EUROS CORRESPONDE A UNA SOCIEDAD PARA DESARROLLAR PROYECTOS EN EL |
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Comparative Sector
Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.004) |
|
|
|
% of PRODUCTION VALUE |
|
|
|
|
SALES |
99,69 |
99,34 |
0,35 |
|
ADDED
VALUE |
33,99 |
26,50 |
7,49 |
|
BUSINESS
RESULT |
-5,25 |
3,81 |
-9,06 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN
FUNDS |
55,40 |
44,65 |
10,75 |
|
DEBT |
44,53 |
55,35 |
-10,82 |
Compared sector (CNAE): 175 - Otras industrias textiles
Number of companies: 21
Size (Sales Figure): > 7.000.000,00 Euros
The turnover of the company is 0,35%
above the mean for the sector.
The company’s added value was 33,99%
s/ the production value, and 7,49% above the mean for the sector.
The company’s business result was
-5,25% of the PV, 9,06% below the mean for the sector.
The company’s own resources are 55,40%
, 10,75% above the mean for the sector.
The company’s outside resources are
44,53% , 10,82% 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: No significant elemento
Main Board members,
Directors and Auditor
|
Position |
Surname and name |
Date of appointment |
|
CHAIRMAN |
SOLER DUFFOUR RAFAEL |
08/04/2002 |
|
BOARD MEMBER |
SOLER DUFFOUR GUILLERMO |
08/04/2002 |
|
BOARD MEMBER |
SOLER DUFFOUR MARIA ROSA |
08/04/2002 |
|
SECRETARY |
CARRASCO SALA FLORENCIO |
08/04/2002 |
|
AUDITOR |
GMP AUDITORES SA |
09/02/2005 |
Functional Managers
|
Position |
Surname and name |
|
FINANCIAL MANAGER |
SANS SANMIQUEL VICENC |
|
COMPUTING MANAGER |
MERCADER CASAJOANA JOSE |
|
OPERATIONS MANAGER |
COLS JUAN |
Financial Links
|
Shareholders |
||||
|
Company Name |
CIF/Country |
|
Source |
Information Date |
|
LOGIC TEAM BCN S.L. |
B62876263 |
33,31% |
M.REGISTER |
31/12/2004 |
|
DINARTEX EUROCOMPANY S.L. |
B62860705 |
33,31% |
M.REGISTER |
31/12/2004 |
|
CASLING BCN S.L. |
B62876339 |
28,31% |
M.REGISTER |
31/12/2004 |
|
SOLER DUFFOUR MARIA ROSA |
|
Indet. |
M.REGISTER |
31/12/2001 |
|
SOLER IZARD RICARDO |
|
Indet. |
M.REGISTER |
31/12/2001 |
|
IZARD LHONCH CRISTINA |
|
Indet. |
M.REGISTER |
31/12/2001 |
|
Shareholdings |
||||
|
Company Name |
CIF/Country |
Percent. |
Source |
Information Date |
|
FYTISA 97 SCP |
G61502050 |
20,00% |
M.REGISTER |
31/12/2004 |
Proceedings published
in the B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Appointments |
16/01/2007 |
026105 |
|
|
Registration of accounts
(2004) |
24/02/2006 |
069957 |
|
|
Change of adress |
02/12/2005 |
513523 |
|
|
Resignations |
28/04/2005 |
194409 |
|
|
Appointments |
09/02/2005 |
059055 |
|
Press articles
|
|
||
|
14/04/2003 |
VANGUARDIA |
LEGAL ANNOUNCE |
|
LAS JUNTAS GENERALES DE FIELTROS Y TEJIDOS INDUSTRIALES, S.L. (SDAD. ABSOR BENTE) Y DE REDI TEXTIL, S.L. (SDAD. ABSORBIDA), CELEBRADAS EL 25/03/03, ACORDARON SU FUSION POR ABSORCION, CON AMPLIACION DE CAPITAL EN LA SDAD. AB SORBENTE POR IMPORTE DE 1.262,1 EUROS. |
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||
|
03/10/2002 |
VANGUARDIA |
LEGAL ANNOUNCE |
|
LA JUNTA GRAL DE FIELTROS Y TEJIDOS
INDUSTRIALES SA, CELEBRADA EL 17/07/02, ACORDO REDUCIR EL CAPITAL SOCIAL EN LA SUMA DE
24,99, QUEDANDO EL CAPITAL FIJADO EN 1.240.554,15 EUROS. ASIMISMO, SE ACUERDA REDUCIR EL
CAPITAL EN LA CANTIDAD DE 124.046,4 EUROS, POR LO QUE EL CAPITAL SOCIAL PASA A SER DE
1.116.507,75 EUROS CON EL FIN DE AMORTIZAR ACCIONES DE LA CIA. QUE ESTABAN EN AUTOCARTERA Y
TRANSFORMAR LA SDAD. EN COMPAŃIA DE RESPONSABILIDAD LIMITA DA. |
||
Complementary
Information
|
Segun BORME (SECCION SEGUNDA) |
|
proceso de absorber a REDI TEXTIL S.L. NIF
B08764433. |
|
23/01/2007 BLOQUE DE INVESTIGACION: |
|
- Establecimientos: |
|
* Domicilio social: C/ Orient, 78-84 2 16,
08172 Sant Cugat del Va- |
|
lles. Local destinado a oficina. |
|
* Sucursal: C/ Foroll, 1 Pol.Ind. |
|
destinado a fabrica. |
|
- Actividad: Fabricacion de telas sin
tejer y cinta de carda. |
|
- El negocio fue fundado en el ano 1841
por “JUAN SOLER”. |
|
---------------------------------------------------------------------- |
|
El Bloque de Investigacion no esta sujeto
a actualizaciones sistemati- |
|
cas. Los datos mostrados fueros aportados
por las fuentes consultadas |
|
en la fecha |
Remarks for customer
The address included in your enquiry does
not belongs to the subject. Here is our final report. Even though this company
is obliged to file their balance sheets in the Mercantile Register, no official
balance sheets are available for 2005.
Brands, Signs and
Commercial Names
|
Prevailing Commercial
Names |
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|
Name: |
F.Y.T.I.S.A. |
||||
|
Kind of Brand: |
JOINT |
File: |
N255895 |
||
|
Request Date: |
23/01/2004 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 24 |
|
||||
Total Marcas: 1
Branches
|
Road |
Postal Code |
Town |
Province |
|
JUAN DE LA CIERVA |
08210 |
BARBERA |
|
|
INDUSTRIAL OLIUS |
25286 |
OLIUS |
|
|
Commercial Experience |
|
|
General Information |
|
|
Foundation Year 1841 |
|
|
Founder JUAN SOLER |
|
|
|
|
|
PURCHASES |
|
|
Import Percentage:
30% |
|
|
|
|
|
SALES |
|
|
Collection (estimated) |
|
|
Cash sales percentage 2
% |
|
|
Credit sales percentage
98 % |
|
|
|
|
|
Export Percentage: 40% |
|
|
Exports:: |
|
|
Estados Unidos, Francia, Canadá, |
|
|
|
|
|
Suppliers |
International |
|
TEXTIL OLIUS SA |
|
|
REDI TEXTIL SL |
|
|
|
|
|
Total 2 |
|
|
|
|
|
Clients |
International |
|
TEXTIL OLIUS SA |
|
|
REDI TEXTIL SL |
|
|
Total 2 |
|
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
|
BANCO VIZCAYA ARGENTARIA, S.A. |
5540 |
ALFONSO XIII, 25 |
|
|
|
BANCO DE |
0900 |
PZ SANT ROC 000020 |
|
|
|
BANCO VIZCAYA ARGENTARIA, S.A. |
2376 |
ALFONSO XIII, 25 |
|
|
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 15/02/2006
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 |
3.407.318,34 |
4.900.132,70 |
5.138.025,88 |
|
|
I. Establishment expenses |
|
|
|
|
|
II. Intangible assets |
180.728,64 |
192.569,86 |
135.160,66 |
|
|
Software |
302.859,58 |
388.945,42 |
421.391,16 |
|
|
Amortization |
-122.130,94 |
-196.375,56 |
-286.230,50 |
|
|
III. Tangible assets |
1.280.152,11 |
4.330.882,53 |
4.554.388,92 |
|
|
Machinery, equipment and other |
2.304.237,94 |
7.430.670,84 |
8.776.460,28 |
|
|
Other property plant and equipement |
135.812,04 |
156.425,53 |
186.857,06 |
|
|
Prepaid expenses on fixed assets |
252.659,01 |
360.221,22 |
|
|
|
Other assets |
53.585,25 |
84.861,31 |
86.363,31 |
|
|
Depreciation |
-1.466.142,13 |
-3.701.296,37 |
-4.495.291,73 |
|
|
IV. Financial assets |
1.946.437,59 |
376.680,31 |
448.476,30 |
|
|
Shares in affiliated companies |
1.553.916,80 |
|
|
|
|
Loans to affiliated companies |
|
330.556,66 |
400.965,81 |
|
|
Shares in associated companies |
330.566,66 |
|
|
|
|
Other loans |
59.718,36 |
28.328,24 |
10.586,02 |
|
|
Long term deposits and guarantees |
2.235,77 |
17.795,41 |
36.924,47 |
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term trade liabilities |
|
|
|
|
|
C) DEFERRED EXPENSES |
|
|
|
|
|
D) CURRENT ASSETS |
9.848.495,90 |
8.658.714,76 |
7.399.393,17 |
|
|
I. Not paid in shareholder capital |
|
|
|
|
|
II. Inventory |
2.979.706,79 |
2.972.191,06 |
3.373.903,20 |
|
|
Raw material inventory |
1.378.907,95 |
1.306.291,70 |
1.751.451,55 |
|
|
Work in Progress |
209.899,54 |
342.521,89 |
467.226,00 |
|
|
Finished goods |
1.552.531,36 |
1.435.062,98 |
1.282.675,24 |
|
|
Cash advance |
299,00 |
299,00 |
299,00 |
|
|
Provisions |
-161.931,06 |
-111.984,51 |
-127.748,59 |
|
|
III. Debtors |
5.525.394,94 |
4.845.823,00 |
3.628.718,76 |
|
|
Clients |
4.342.891,90 |
4.549.622,58 |
3.389.885,00 |
|
|
Amounts owned by affiliated companies |
1.170.379,53 |
|
264.717,82 |
|
|
Other debts |
131.416,82 |
339.683,31 |
136.545,44 |
|
|
Labor costs |
661,19 |
1.470,01 |
600,01 |
|
|
Taxes refunds |
99.853,00 |
175.024,19 |
60.213,46 |
|
|
Provisions |
-219.807,50 |
-219.977,09 |
-223.242,97 |
|
|
IV. Short term financial assets |
951.461,83 |
3.011,07 |
3.011,07 |
|
|
Short term investment |
948.000,00 |
|
|
|
|
Other loans |
3.461,83 |
3.011,07 |
3.011,07 |
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
391.932,34 |
837.689,63 |
393.760,14 |
|
|
VII. Prepaid expenses and accrued income |
|
|
|
|
|
ASSETS (A + B + C + D) |
13.255.814,24 |
13.558.847,46 |
12.537.419,05 |
Balance Sheet
(LIABILITIES)
|
(Figures given in Euros) |
31/12/2002 (12) |
31/12/2003 (12) |
31/12/2004 (12) |
|
|
|
A) SHAREHOLDERS EQUITY |
8.075.419,84 |
7.525.385,12 |
6.945.672,60 |
|
|
I. Capital |
1.116.507,75 |
1.117.769,85 |
1.117.769,85 |
|
|
II. Premium share account |
|
10.338,89 |
10.338,89 |
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
7.144.187,93 |
7.144.187,93 |
7.144.187,93 |
|
|
Retained earnings |
288.485,81 |
288.485,81 |
288.485,81 |
|
|
Other funds |
6.855.702,12 |
6.855.702,12 |
6.855.702,12 |
|
|
V. Prior year earnings |
-96.982,47 |
-185.275,84 |
-746.911,55 |
|
|
Prior years losses |
-96.982,47 |
-185.275,84 |
-746.911,55 |
|
|
VI. Prior year profit or losses |
-88.293,37 |
-561.635,71 |
-579.712,52 |
|
|
VII. Dividend paid during the year |
|
|
|
|
|
VIII. Own shares for change in capital |
|
|
|
|
|
B) DEFERRED INCOME |
|
|
8.638,92 |
|
|
Capital grants |
|
|
8.638,92 |
|
|
C) PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
D) LONG TERM LIABILITIES |
2.041.461,06 |
1.941.209,72 |
1.943.439,15 |
|
|
I. Bonds |
|
|
|
|
|
II. Bank loans |
1.064.449,00 |
764.364,00 |
464.128,77 |
|
|
Long term bank loans |
1.064.449,00 |
764.364,00 |
|
|
|
Leasing |
|
|
464.128,77 |
|
|
III. Debts with associed and affiliated
companies |
|
|
|
|
|
IV. Other creditors |
977.012,06 |
1.176.845,72 |
1.479.310,38 |
|
|
Other debts |
977.012,06 |
1.176.845,72 |
1.479.310,38 |
|
|
V. Deferred debts on shares |
|
|
|
|
|
VI. Long term debt with creditor |
|
|
|
|
|
E) SHORT TERM LIABILITIES |
3.138.933,34 |
4.092.252,62 |
3.639.668,38 |
|
|
I. Negotiable bonds |
|
|
|
|
|
II. Bank loans |
756.421,19 |
1.700.586,39 |
1.185.891,06 |
|
|
Loans and other debts |
756.421,19 |
1.700.586,39 |
1.185.891,06 |
|
|
III. Short term debts with associated and
affiliated companies |
311.789,43 |
|
265.946,68 |
|
|
With affiliated companies |
311.789,43 |
|
265.946,68 |
|
|
IV. Trade creditors |
1.669.023,86 |
1.996.369,40 |
1.811.348,53 |
|
|
Expenses |
1.669.023,86 |
1.996.369,40 |
1.811.348,53 |
|
|
V. Other non trade payables |
401.698,86 |
395.296,83 |
376.482,11 |
|
|
Government |
137.133,54 |
145.952,08 |
120.005,35 |
|
|
Other debts |
264.565,32 |
249.344,75 |
256.476,76 |
|
|
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) |
13.255.814,24 |
13.558.847,46 |
12.537.419,05 |
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.16) |
|
|
|
|
|
A.1. Change in stocks of finished goods
and work in progress |
|
|
27.683,63 |
|
|
A.2. Supplies |
5.842.948,07 |
5.610.206,99 |
5.020.969,68 |
|
|
Raw materials consumed |
4.390.927,75 |
4.180.698,88 |
4.420.165,37 |
|
|
Other expenses |
1.452.020,32 |
1.429.508,11 |
600.804,31 |
|
|
A.3. Labor cost |
3.628.611,41 |
3.835.005,18 |
4.457.551,50 |
|
|
Wages |
2.834.784,80 |
3.047.423,82 |
3.646.444,48 |
|
|
Social security expenses |
793.826,61 |
787.581,36 |
811.107,02 |
|
|
A.4. Assets depreciation |
294.897,32 |
791.257,27 |
883.850,30 |
|
|
A.5 Variance in provision for current
assets |
-13.589,03 |
-49.776,96 |
19.029,96 |
|
|
Variance in provision for inventory |
-13.887,79 |
-49.946,55 |
15.764,08 |
|
|
Variance in provision for bad debts |
298,76 |
169,59 |
3.265,88 |
|
|
A.6. Other operating costs |
1.886.675,94 |
1.906.325,89 |
2.238.368,35 |
|
|
External costs |
1.866.537,81 |
1.884.748,42 |
2.213.066,92 |
|
|
Taxes |
20.138,13 |
21.577,47 |
25.301,43 |
|
|
A.I. OPERATING RESULT
(B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6) |
|
|
|
|
|
A.7. Financial expenses |
125.594,35 |
111.576,86 |
88.296,73 |
|
|
Other companies debts |
125.594,35 |
111.576,86 |
88.296,73 |
|
|
A.8. Variation in financial investments
provision |
|
|
|
|
|
A.9. Exchange losses |
11.430,74 |
23.824,94 |
29.175,46 |
|
|
A.II. POSITIVE FINANCIAL RESULTS
(B.5+B.6+B.7+B.8-A.7-A.8-A.9) |
|
|
|
|
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A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II) |
|
|
|
|
|
A.10. Variation in provision in fixed
assets |
|
|
|
|
|
A.11. Losses in fixed assets |
|
|
|
|
|
A.12. Losses from shares and bonds |
|
|
|
|
|
A.13. Extraordinary charges |
5.188,32 |
|
|
|
|
A.14. Prior year’s expenses and losses |
|
|
|
|
|
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) |
|
406.438,79 |
1.108.691,12 |
|
|
A.V. EARNINGS / LOSS BEFORE TAXES
(A.III+A.IV-B.III-B.IV) |
|
|
|
|
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A.15. Corporate Taxes |
-1.163,44 |
|
|
|
|
A.16. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.15-A.16) |
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|
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B) INCOMES (B.1 a B13) |
|
|
|
|
|
B.1. Turnover |
11.493.433,70 |
11.161.424,13 |
11.005.866,50 |
|
|
Sales |
11.532.321,47 |
11.173.549,11 |
11.056.647,78 |
|
|
Discounts |
-38.887,77 |
-12.124,98 |
-50.781,28 |
|
|
B.2. Increase in inventory of finished
goods |
65.153,49 |
15.153,97 |
|
|
|
B.3. Expenses capitalized |
|
|
|
|
|
B.4. Other operating income |
47.994,12 |
54.022,67 |
33.919,60 |
|
|
Other incomes |
47.994,12 |
42.022,67 |
27.375,20 |
|
|
Grants |
|
12.000,00 |
6.544,40 |
|
|
B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5+A.6-B.1-B.2-B.3-B.4) |
32.962,40 |
862.417,60 |
1.607.667,32 |
|
|
B.5. Incomes from share |
|
|
|
|
|
B.6. Income from securities |
|
|
|
|
|
B.7. Other income from interrest |
77.253,30 |
10.574,53 |
10.089,45 |
|
|
From associated companies |
|
|
10.089,45 |
|
|
From other companies |
77.253,30 |
10.574,53 |
|
|
|
B.8. Gains on exchange |
6.022,35 |
19.170,37 |
26.646,42 |
|
|
B.II. FINANCIAL LOSSES
(A.7+A.8+A.9-B.5-B.6-B.7-B.8) |
53.749,44 |
105.656,90 |
80.736,32 |
|
|
B.III. LOSSES FROM ORDINARY ACTIVITIES
(B.I+B.II-A.I-A.II) |
86.711,84 |
968.074,50 |
1.688.403,64 |
|
|
B.9. Gains from disposal of fixed assets |
|
55.543,00 |
|
|
|
B.10. Gains from dealing in own shares |
|
|
|
|
|
B.11. Paid in surplus |
|
|
2.728,08 |
|
|
B.12. Extraordinary income |
2.443,35 |
350.895,79 |
1.105.963,04 |
|
|
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) |
2.744,97 |
|
|
|
|
B.V. LOSS BEFORE TAXES
(B.III+B.IV-A.III-A.IV) |
89.456,81 |
561.635,71 |
579.712,52 |
|
|
B.VI. NET LOSS (B.V+A.15+A.16) |
88.293,37 |
561.635,71 |
579.712,52 |
Main Ratios
|
(Figures given in Euros) |
2.002 (12) |
2.003 (12) |
2.004 (12) |
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
-8,99 |
-2,89 |
-1,39 |
|
|
Assets Turnover |
0,87 |
0,82 |
0,88 |
|
|
Productivity |
1,07 |
0,97 |
0,84 |
|
|
Increase of the Added Value |
-10,96 |
-4,20 |
1,04 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
-0,67 |
-4,14 |
-4,62 |
|
|
Financial Profitability |
-1,09 |
-7,46 |
-8,35 |
|
|
Financial Expenses |
1,09 |
1,00 |
0,80 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
173,00 |
156,00 |
119,00 |
|
|
Suppliers’ Credit (In days of sales) |
104,00 |
128,00 |
129,00 |
|
|
Working Capital (In days of sales) |
210,00 |
147,00 |
123,00 |
|
|
Working Capital Requirement (In days of
sales) |
192,00 |
175,00 |
149,00 |
|
|
Treasury (In days of sales) |
18,00 |
0,00 |
0,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
6.709.562,56 |
4.566.462,14 |
3.759.724,79 |
|
|
Working Capital Requirement |
6.122.589,58 |
5.426.347,83 |
4.548.844,64 |
|
|
Treasury |
586.972,98 |
-859.885,69 |
-789.119,85 |
|
|
Balance Ratio |
2,97 |
1,93 |
1,73 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
39,08 |
44,50 |
44,53 |
|
|
Own / Permanent Funds |
79,82 |
79,49 |
78,06 |
|
|
Payback Capacity |
0,44 |
0,51 |
0,47 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
3,14 |
2,12 |
2,03 |
|
|
Immediate Liquidity |
0,43 |
0,21 |
0,11 |
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 |
0,00 |
0,00 |
|
FIXED ASSETS |
40,98 |
38,27 |
2,71 |
|
ACCRUED EXPENSES |
0,00 |
1,59 |
-1,59 |
|
CURRENT ASSETS |
59,02 |
60,14 |
-1,12 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS EQUITY |
55,40 |
44,65 |
10,75 |
|
ACCRUED INCOME |
0,07 |
0,13 |
-0,06 |
|
RISK AND EXPENDITURE
COVER |
0,00 |
0,44 |
-0,44 |
|
LONG-TERM CREDITORS |
15,50 |
15,56 |
-0,06 |
|
SHORT-TERM CREDITORS |
29,03 |
39,03 |
-10,00 |
|
SHORT-TERM RISK AND
EXPENDITURE COVER |
0,00 |
0,19 |
-0,19 |
|
TOTAL LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account of
Results
|
(Figures given in Percentages) |
Company |
Sector |
Company |
|
|
2.004 |
|
|
|
Net turnover |
99,69 |
99,34 |
0,36 |
|
Other operating income |
0,31 |
0,66 |
-0,36 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
45,73 |
54,83 |
-9,10 |
|
Other operation expenses |
20,28 |
18,67 |
1,61 |
|
Added value |
33,99 |
26,50 |
7,49 |
|
Labor cost |
40,38 |
15,68 |
24,70 |
|
Gross Economic Result |
-6,38 |
10,83 |
-17,21 |
|
Assets depreciation |
8,01 |
4,99 |
3,02 |
|
Variation in provision
for current assets |
0,17 |
0,36 |
-0,19 |
|
Net Economic Result |
-14,56 |
5,47 |
-20,04 |
|
Financial income |
0,33 |
0,87 |
-0,54 |
|
Financial expenses |
1,06 |
1,32 |
-0,26 |
|
Variation in financial
investment provision |
0,00 |
-0,14 |
0,14 |
|
Ordinary Activities
Result |
-15,29 |
5,16 |
-20,46 |
|
Extraordinary income |
10,04 |
0,42 |
9,62 |
|
Extraordinary expenses |
0,00 |
0,18 |
-0,18 |
|
Variation in provision
in fixed assets |
0,00 |
-0,00 |
0,00 |
|
Results before Taxes |
-5,25 |
5,41 |
-10,66 |
|
Corporaye taxes |
0,00 |
1,60 |
-1,60 |
|
Net Result |
-5,25 |
3,81 |
-9,06 |
|
Assets depreciation |
8,01 |
4,99 |
3,02 |
|
Provisions fund
variation |
0,17 |
0,22 |
-0,05 |
|
Net Self-Financing |
2,93 |
9,01 |
-6,09 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.004 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales
Figures |
-1,39 |
-5,08 |
1,67 |
12,48 |
|
Assets Turnover |
0,88 |
1,03 |
1,36 |
1,65 |
|
Fixed Assets Turnover |
2,14 |
2,65 |
4,94 |
6,98 |
|
Increase of the Added
Value |
1,04 |
-4,27 |
5,40 |
14,27 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
0,84 |
1,38 |
1,57 |
2,07 |
|
Change of Personnel
Costs |
16,23 |
-0,87 |
5,69 |
14,19 |
|
Average Personnel Costs |
35.948,00 |
25.422,63 |
29.734,07 |
35.323,60 |
|
Value Added by Employees |
30.264,23 |
38.169,75 |
45.589,54 |
55.627,55 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
323.167,74 |
635.604,89 |
965.336,00 |
2.779.000,00 |
|
Operating Cash Flow |
-704.787,06 |
655.804,11 |
1.249.668,05 |
3.628.000,00 |
|
Change in Cash Flow |
79,69 |
-22,42 |
5,56 |
17,06 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
-4,62 |
1,18 |
4,98 |
10,87 |
|
Financial Profitability |
-8,35 |
3,70 |
13,02 |
21,85 |
|
Financial Expenses |
0,80 |
0,46 |
0,96 |
1,27 |
|
Gross Economic
Profitability |
-5,62 |
8,29 |
13,03 |
20,12 |
|
Gross Financial
Profitability |
-10,15 |
16,41 |
30,89 |
45,87 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In
days of sales) |
118,00 |
88,15 |
101,84 |
122,79 |
|
Suppliers’ Credit (In
days of sales) |
129,00 |
48,84 |
77,93 |
119,53 |
|
Working Capital (In days
of sales) |
122,00 |
6,35 |
54,33 |
113,96 |
|
Working Capital
Requirement (In days of sales) |
148,00 |
45,90 |
70,31 |
104,84 |
|
Treasury (In days of
sales) |
0,00 |
-39,15 |
4,49 |
43,65 |
|
Operating Current Assets |
242,00 |
140,39 |
175,20 |
193,94 |
|
BALANCE |
|
|
|
|
|
Working Capital |
3.759.724,79 |
457.408,59 |
2.388.596,39 |
4.566.462,14 |
|
Working Capital
Requirement |
4.548.844,64 |
1.789.679,59 |
2.791.622,62 |
6.059.510,90 |
|
Treasury |
-789.119,85 |
-2.308.826,83 |
371.159,00 |
1.241.078,70 |
|
Balance Ratio |
1,73 |
1,04 |
1,96 |
3,13 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
44,53 |
31,41 |
48,00 |
68,99 |
|
Own / Permanent Funds |
78,06 |
70,02 |
88,34 |
98,75 |
|
Payback Capacity |
0,47 |
0,18 |
0,33 |
0,51 |
|
Long term Indebtedness |
15,50 |
0,02 |
3,44 |
10,62 |
|
Gearing |
180,51 |
145,83 |
192,30 |
322,44 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
2,25 |
1,36 |
2,00 |
3,08 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
2,03 |
1,05 |
1,71 |
2,73 |
|
Immediate Liquidity |
0,11 |
0,05 |
0,21 |
0,88 |
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 |
|