MIRA
INFORM REPORT
|
Report Date : |
24.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
ALCAN INTERNATIONAL NETWORK ESPANA S.A. |
|
|
|
|
Registered Office : |
Paseo Castellana, 40 - Bis Segundo, 28046 Madrid
(Madrid) |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2004 |
|
|
|
|
Date of Incorporation : |
11/07/1977 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
Identification and
Characteristics
|
Tax Number |
A28484806 |
|
NAME |
ALCAN INTERNATIONAL NETWORK ESPANA S.A. |
|
TRADE NAME |
ALCAN |
|
FORMER NAME |
PECHINEY ESPANA SA |
|
BUSINESS
ADDRESS |
PASEO CASTELLANA, 40 - BIS SEGUNDO |
|
Postcode |
28046 MADRID (MADRID) |
|
FORMER
ADDRESS |
CALLE MARIA DE MOLINA 41 43 |
|
Postcode |
28006 MADRID (MADRID) |
|
URL |
http://www.alcan-network.com |
|
TELEPHONE |
915903351 |
|
FAX |
915633580 |
|
LEGAL FORM |
JOINT STOCK COMPANY |
|
DATE FOUNDED |
11/07/1977 |
|
CAPITAL |
60.000,00 Euros |
|
PAID-UP CAPITAL |
60.000,00 Euros |
|
NUMBER OF
EMPLOYEES |
18 |
|
ACTIVITY |
1616300 - Wholesale of minerals |
|
CNAE |
5152 - Wholesale of metals and
metal ores |
|
IMPORT COMPANY |
YES |
|
* Characteristics of the main address |
|
|
According to our investigations
dated 23/03/2007 these premises are rented used
as store located in a main commercial area . |
|
Synthesis
|
FINANCIAL SITUATION (Year
ending: 31/12/2004) |
||
|
|
|
|
|
PROFITABILITY |
|
Nil |
|
TREASURY |
|
Average |
|
BALANCE SHEET |
|
Excellent |
|
DEBT |
|
Heavy |
|
INCIDENTS |
||
|
|
|
|
|
COMMITMENTS |
|
Respected |
|
INCIDENTS |
|
None or Negligible |
|
PREVIOUS EXPERIENCE |
||
|
|
|
|
|
PREVIOUS
EXPERIENCE |
|
Favourable |
Credit Appraisal
|
CREDIT ACCORDING TO OBJECTIVE DATA (From 0
to 6.000.000,00 Euros): |
|
FAVOURABLE TOWARDS 331.999,09
Max. |
|
SOLVENCY RATING: |
|
(BASED ON HOMOGENEOUS FORMULATION) |
|
|
|
|
Financial Elements
Figures given in
thousands of Euros
|
|
Balance
sheet 2.003 (12) |
Balance
sheet 2.004 (12) |
Estimate 2.005
(12) |
|
|
SALES |
34.327,00 |
44.123,00 |
31.000,00 |
|
|
ADDED VALUE |
1.261,00 |
1.547,00 |
|
|
|
BUSINESS RESULT |
209,00 |
146,00 |
|
|
|
OWN FUNDS |
1.108,00 |
1.087,00 |
|
|
|
DEBT |
10.125,00 |
11.059,00 |
|
|
|
TOTAL ASSET |
11.233,00 |
12.153,00 |
|
|
|
The sales of 44.123,00
thousands of Euros show a change of 28,54% compared
with 2.003 . |
||||
|
Added value grew by 22,68%
compared with the previous year. Shareholders equity are 1.087,00
thousands of Euros for an indebtedness of 11.059,00
thousands of Euros . |
||||
|
The result 146,00 thousands of
Euros means financial profitability of 13,43% and economic
profitability of 1,20% . This result means growth of
-30,14% compared with the 2.003 . |
||||
|
|
||||
|
THE FIGURES FOR THE LAST BALANCE SHEET ARE
RELEVANT: |
||||
|
SOURCE: FROM THE MERCANTILE REGISTER |
||||
|
DATE: 10/04/2006 |
||||
|
|
|
|||
|
Results Distribution |
||||
|
Annual Report Year Source: 2.004 |
||||
|
Figures given in Euros |
||||
|
Distribution Base |
||||
|
Profit and Loss |
128.000 |
|||
|
Total of Amounts to be
distributed |
128.000 |
|||
|
Distribution a |
||||
|
Voluntary Reserve |
25.600 |
|||
|
Dividends |
102.400 |
|||
|
|
||||
|
Auditors’ opinion: |
||||
|
FAVOURABLE (2.004) |
||||
|
|
||||
|
Auditors: |
||||
|
PRICEWATERHOUSECOOPERS AUDITORES SL |
||||
Comparative Sector
Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.004)
|
|
|
|
% of PRODUCTION VALUE |
|
|
|
|
SALES |
100,00 |
99,27 |
0,73 |
|
ADDED
VALUE |
3,51 |
13,51 |
-10,00 |
|
BUSINESS
RESULT |
0,33 |
2,93 |
-2,60 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN
FUNDS |
8,94 |
38,75 |
-29,81 |
|
DEBT |
91,00 |
61,25 |
29,75 |
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 0,73%
above the mean for the sector.
The company’s added value was 3,51% s/
the production value, and 10,00% below the mean for the sector.
The company’s business result was
0,33% of the PV, 2,60% below the mean for the sector.
The company’s own resources are 8,94%
, 29,81% below the mean for the sector.
The company’s outside resources are
91,00% , 29,75% 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:
2 Company / Companies in Insolvency Proceedings
Main Board members,
Directors and
Auditor
|
Position |
Surname and name |
Date of
appointment |
|
CHAIRMAN |
QUIROGA PINEYRO JOSE ANTONIO |
04/10/2002 |
|
BOARD MEMBER |
DARMAYAN M PHILIPPE |
03/07/1997 |
|
BOARD MEMBER |
PINSOLLE JEAN |
24/11/1998 |
|
BOARD MEMBER |
POUX GUILLARME BRUNO MARIE YVES HENRI |
04/10/2002 |
|
BOARD MEMBER |
PAILLOT JEAN PIERRE |
13/01/2004 |
|
BOARD MEMBER |
VINAY YVES POSTEL |
25/01/2005 |
|
BOARD MEMBER |
DZIURZYNSKY PETER THOMAS |
25/01/2005 |
|
BOARD MEMBER |
FERRAND BARBARA ESTELLE |
19/09/2005 |
|
BOARD MEMBER |
IVALDI LUCIANO |
08/06/2006 |
|
AUDITOR |
PRICEWATERHOUSECOOPERS AUDITORES SL |
25/01/2005 |
Functional Managers
|
Position |
Surname and name |
|
MANAGER |
RACLIN OLIVIER |
|
FINANCIAL MANAGER |
BERGONI MAURICIO |
Financial Links
|
Shareholders |
|||||
|
Company Name |
CIF/Country |
|
Source |
Information Date |
|
|
|
B08081846 |
100,00% |
OWN SOURCES |
19/01/2007 |
|
|
|
Company with solvency rating
below 7 |
||||
ALCAN PACKAGING ALZIRA
SL
Proceedings published
in the B.O.R.M.E.
(Official Mercantile
Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Resignations |
05/12/2006 |
583903 |
MADRID |
|
Appointments |
05/12/2006 |
583903 |
MADRID |
|
Resignations |
08/06/2006 |
300382 |
MADRID |
|
Appointments |
08/06/2006 |
300382 |
MADRID |
|
Registration of accounts
(2004) |
14/11/2005 |
916933 |
MADRID |
Press articles
|
|
||
|
28/07/2005 |
GACETA NEG |
LEGAL ANNOUNCE |
|
EL ACCIONISTA UNICO DE ESTA SDAD.,
MEDIANTE ACUERDO ADOPTADO EL 20/03/05, ACORDO TRASLADAR EL DOMICILIO SOCIAL A
PASEO DE LA CASTELLANA, 40 BIS, SE GUNDO, MADRID |
||
|
|
||
|
26/11/2004 |
LA RAZON |
LEGAL ANNOUNCE |
|
EL ACCIONISTA UNICO DE PICHENEY ESPAŃA SA
ACORDO EL 14/07/04 MODIFICAR LA DENOMINACION SOCIAL PASANDO A SER ALCAN
INTERNATIONAL NETWORK ESPAŃA SA. |
||
Remarks for customer
The address included in your enquiry belongs
to a branch. Last balance in the Mercantile Register is 2004 year.
Branches
|
Road |
Postal Code |
Town |
Province |
|
TARRAGONA |
08014 |
BARCELONA |
BARCELONA |
|
Commercial Experience |
|
|
|
|
|
PURCHASES |
|
|
Imports:: |
|
|
UNION EUROPEA |
|
|
|
|
|
Suppliers |
International |
|
PECHINEY RHENALU SA |
|
|
PEM SA |
|
|
ALUMINIUM PECHINEY SA |
|
|
SEFRANEX SA |
|
|
ALUMINIUM PECHINEY |
|
|
|
|
|
Total 68 |
|
|
|
|
|
Clients |
International |
|
PECHINEY RHENALU SA |
|
|
PEM SA |
|
|
ALTECH |
|
|
HERMILLON |
|
|
PECHINEY UK |
|
|
Total 84 |
|
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
|
BANCO SANTANDER CENTRAL HISPANO, S.A. |
4700 |
PASEO DE
GRACIA,5 |
BARCELONA |
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 10/04/2006
Balance Sheet
(ASSETS)
|
(Figures given in thousands of
Euros) |
31/12/2002 (12)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
|
|
|
A) DUE FROM SHAREHOLDERS FOR UNCALLED
CAPITAL |
|
|
|
|
|
B) FIXED ASSETS |
18,00 |
38,00 |
224,00 |
|
|
I. Establishment expenses |
|
|
|
|
|
II. Intangible assets |
|
|
152,00 |
|
|
Software |
|
|
160,00 |
|
|
Amortization |
|
|
-8,00 |
|
|
III. Tangible assets |
4,00 |
18,00 |
27,00 |
|
|
Other property plant and equipement |
18,00 |
37,00 |
37,00 |
|
|
Other assets |
23,00 |
23,00 |
38,00 |
|
|
Depreciation |
-37,00 |
-42,00 |
-48,00 |
|
|
IV. Financial assets |
14,00 |
20,00 |
45,00 |
|
|
Other loans |
|
|
10,00 |
|
|
Long term deposits and guarantees |
14,00 |
20,00 |
35,00 |
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term trade liabilities |
|
|
|
|
|
C) DEFERRED EXPENSES |
|
|
|
|
|
D) CURRENT ASSETS |
12.177,00 |
11.195,00 |
11.929,00 |
|
|
I. Not paid in shareholder capital |
|
|
|
|
|
II. Inventory |
1.476,00 |
587,00 |
244,00 |
|
|
Goods available for sale |
|
|
244,00 |
|
|
Finished goods |
1.476,00 |
587,00 |
|
|
|
III. Debtors |
10.543,00 |
10.088,00 |
10.916,00 |
|
|
Clients |
9.910,00 |
9.470,00 |
10.236,00 |
|
|
Amounts owned by affiliated companies |
|
|
292,00 |
|
|
Amounts owned by associated companies |
480,00 |
335,00 |
|
|
|
Other debts |
178,00 |
292,00 |
398,00 |
|
|
Labor costs |
|
|
3,00 |
|
|
Provisions |
-25,00 |
-9,00 |
-13,00 |
|
|
IV. Short term financial assets |
|
|
691,00 |
|
|
Receivables in affiliated companies |
|
|
691,00 |
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
158,00 |
520,00 |
67,00 |
|
|
VII. Prepaid expenses and accrued income |
|
|
11,00 |
|
|
ASSETS (A + B + C + D) |
12.195,00 |
11.233,00 |
12.153,00 |
Balance Sheet
(LIABILITIES)
|
(Figures given in thousands of
Euros) |
31/12/2002 (12)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
|
|
|
A) SHAREHOLDERS EQUITY |
1.275,00 |
1.108,00 |
1.087,00 |
|
|
I. Capital |
60,00 |
60,00 |
60,00 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
12,00 |
12,00 |
12,00 |
|
|
Retained earnings |
12,00 |
12,00 |
12,00 |
|
|
V. Prior year earnings |
733,00 |
827,00 |
869,00 |
|
|
Carry over |
733,00 |
827,00 |
869,00 |
|
|
VI. Prior year profit or losses |
470,00 |
209,00 |
146,00 |
|
|
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 |
|
|
|
|
|
I. Bonds |
|
|
|
|
|
II. Bank loans |
|
|
|
|
|
III. Debts with associed and affiliated
companies |
|
|
|
|
|
IV. Other creditors |
|
|
|
|
|
V. Deferred debts on shares |
|
|
|
|
|
VI. Long term debt with creditor |
|
|
|
|
|
E) SHORT TERM LIABILITIES |
10.920,00 |
10.125,00 |
11.059,00 |
|
|
I. Negotiable bonds |
|
|
|
|
|
II. Bank loans |
761,00 |
|
|
|
|
Loans and other debts |
761,00 |
|
|
|
|
III. Short term debts with associated and
affiliated companies |
7.238,00 |
6.432,00 |
6.820,00 |
|
|
With affiliated companies |
83,00 |
17,00 |
6.820,00 |
|
|
Associeted companies |
7.155,00 |
6.415,00 |
|
|
|
IV. Trade creditors |
2.358,00 |
3.192,00 |
3.912,00 |
|
|
Expenses |
2.358,00 |
3.192,00 |
3.912,00 |
|
|
V. Other non trade payables |
357,00 |
306,00 |
327,00 |
|
|
Government |
306,00 |
278,00 |
277,00 |
|
|
Other debts |
|
|
50,00 |
|
|
Accounts receivable |
51,00 |
28,00 |
|
|
|
VI. Provisions for current assets |
206,00 |
195,00 |
|
|
|
VII. Accruals and deferred incomes |
|
|
|
|
|
F) SHORT TERM PROVISIONS FOR LIABILITIES
AND EXPENSES |
|
|
7,00 |
|
|
LIABILITIES (A + B + C + D + E + F) |
12.195,00 |
11.233,00 |
12.153,00 |
Profit and Loss
Account
|
(Figures given in thousands of
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 |
|
889,00 |
|
|
|
A.2. Supplies |
30.593,00 |
30.404,00 |
41.926,00 |
|
|
Material consumed |
31.021,00 |
30.004,00 |
41.564,00 |
|
|
Other expenses |
-428,00 |
400,00 |
362,00 |
|
|
A.3. Labor cost |
906,00 |
941,00 |
1.331,00 |
|
|
Wages |
728,00 |
749,00 |
1.113,00 |
|
|
Social security expenses |
178,00 |
192,00 |
218,00 |
|
|
A.4. Assets depreciation |
5,00 |
5,00 |
13,00 |
|
|
A.5 Variance in provision for current
assets |
-3,00 |
24,00 |
4,00 |
|
|
Variance in provision for inventory |
|
|
4,00 |
|
|
Variance in provision for bad debts |
-3,00 |
24,00 |
|
|
|
A.6. Other operating costs |
1.628,00 |
1.773,00 |
650,00 |
|
|
External costs |
1.615,00 |
1.762,00 |
641,00 |
|
|
Taxes |
13,00 |
11,00 |
9,00 |
|
|
A.I. OPERATING RESULT
(B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6) |
701,00 |
291,00 |
199,00 |
|
|
A.7. Financial expenses |
12,00 |
2,00 |
4,00 |
|
|
Debts with related companies |
|
|
4,00 |
|
|
Other companies debts |
12,00 |
2,00 |
|
|
|
A.8. Variation in financial investments
provision |
|
|
|
|
|
A.9. Exchange losses |
|
10,00 |
|
|
|
A.II. POSITIVE FINANCIAL RESULTS
(B.5+B.6+B.7+B.8-A.7-A.8-A.9) |
24,00 |
5,00 |
3,00 |
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES
(A.I+A.II-B.I-B.II) |
725,00 |
296,00 |
202,00 |
|
|
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 |
|
|
|
|
|
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) |
|
27,00 |
23,00 |
|
|
A.V. EARNINGS / LOSS BEFORE TAXES
(A.III+A.IV-B.III-B.IV) |
725,00 |
323,00 |
225,00 |
|
|
A.15. Corporate Taxes |
255,00 |
114,00 |
79,00 |
|
|
A.16. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.15-A.16) |
470,00 |
209,00 |
146,00 |
|
|
B) INCOMES (B.1 a B13) |
|
|
|
|
|
B.1. Turnover |
33.012,00 |
34.327,00 |
44.123,00 |
|
|
Sales |
30.948,00 |
32.348,00 |
41.890,00 |
|
|
Services provided |
2.064,00 |
1.979,00 |
2.233,00 |
|
|
B.2. Increase in inventory of finished
goods |
818,00 |
|
|
|
|
B.3. Expenses capitalized |
|
|
|
|
|
B.4. Other operating income |
|
|
|
|
|
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 |
36,00 |
17,00 |
7,00 |
|
|
From affiliated companies |
|
|
7,00 |
|
|
From other companies |
36,00 |
17,00 |
|
|
|
B.8. Gains on exchange |
|
|
|
|
|
B.II. FINANCIAL LOSSES
(A.7+A.8+A.9-B.5-B.6-B.7-B.8) |
|
|
|
|
|
B.III. LOSSES FROM ORDINARY ACTIVITIES
(B.I+B.II-A.I-A.II) |
|
|
|
|
|
B.9. Gains from disposal of fixed assets |
|
|
|
|
|
B.10. Gains from dealing in own shares |
|
|
|
|
|
B.11. Paid in surplus |
|
|
|
|
|
B.12. Extraordinary income |
|
27,00 |
23,00 |
|
|
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) |
|
|
|
|
|
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 thousands of
Euros) |
2.002 (12) |
2.003 (12) |
2.004 (12) |
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
12,97 |
3,98 |
28,54 |
|
|
Assets Turnover |
2,71 |
3,06 |
3,63 |
|
|
Productivity |
1,78 |
1,34 |
1,16 |
|
|
Increase of the Added Value |
-1,47 |
-21,63 |
22,68 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
3,85 |
1,86 |
1,20 |
|
|
Financial Profitability |
36,86 |
18,86 |
13,43 |
|
|
Financial Expenses |
0,04 |
0,01 |
0,01 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
115,00 |
106,00 |
89,00 |
|
|
Suppliers’ Credit (In days of sales) |
29,00 |
37,00 |
34,00 |
|
|
Working Capital (In days of sales) |
14,00 |
11,00 |
7,00 |
|
|
Working Capital Requirement (In days of
sales) |
20,00 |
6,00 |
1,00 |
|
|
Treasury (In days of sales) |
0,00 |
5,00 |
6,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
1.257,00 |
1.070,00 |
863,00 |
|
|
Working Capital Requirement |
1.860,00 |
550,00 |
112,00 |
|
|
Treasury |
-603,00 |
520,00 |
758,00 |
|
|
Balance Ratio |
70,83 |
29,16 |
4,85 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
89,55 |
90,14 |
91,00 |
|
|
Own / Permanent Funds |
100,00 |
100,00 |
100,00 |
|
|
Payback Capacity |
0,33 |
0,30 |
0,25 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,12 |
1,11 |
1,08 |
|
|
Immediate Liquidity |
0,01 |
0,05 |
0,07 |
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 |
0,02 |
-0,02 |
|
FIXED ASSETS |
1,84 |
26,57 |
-24,73 |
|
ACCRUED EXPENSES |
0,00 |
0,31 |
-0,31 |
|
CURRENT ASSETS |
98,16 |
73,11 |
25,05 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS EQUITY |
8,94 |
38,75 |
-29,81 |
|
ACCRUED INCOME |
0,00 |
0,26 |
-0,26 |
|
RISK AND EXPENDITURE
COVER |
0,00 |
0,17 |
-0,17 |
|
LONG-TERM CREDITORS |
0,00 |
6,88 |
-6,88 |
|
SHORT-TERM CREDITORS |
91,00 |
53,94 |
37,06 |
|
SHORT-TERM RISK AND
EXPENDITURE COVER |
0,06 |
0,01 |
0,05 |
|
TOTAL LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account of
Results
|
(Figures given in Percentages) |
Company |
Sector |
Company |
|
|
2.004 |
|
|
|
Net turnover |
100,00 |
99,27 |
0,73 |
|
Other operating income |
0,00 |
0,73 |
-0,73 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
95,02 |
78,54 |
16,48 |
|
Other operation expenses |
1,47 |
7,95 |
-6,48 |
|
Added value |
3,51 |
13,51 |
-10,01 |
|
Labor cost |
3,02 |
7,45 |
-4,44 |
|
Gross Economic Result |
0,49 |
6,06 |
-5,57 |
|
Assets depreciation |
0,03 |
1,32 |
-1,29 |
|
Variation in provision
for current assets |
0,01 |
0,30 |
-0,29 |
|
Net Economic Result |
0,45 |
4,44 |
-3,99 |
|
Financial income |
0,02 |
0,60 |
-0,58 |
|
Financial expenses |
0,01 |
0,95 |
-0,94 |
|
Variation in financial
investment provision |
0,00 |
0,00 |
-0,00 |
|
Ordinary Activities
Result |
0,46 |
4,08 |
-3,63 |
|
Extraordinary income |
0,05 |
0,41 |
-0,35 |
|
Extraordinary expenses |
0,00 |
0,22 |
-0,22 |
|
Variation in provision
in fixed assets |
0,00 |
0,03 |
-0,03 |
|
Results before Taxes |
0,51 |
4,24 |
-3,73 |
|
Corporaye taxes |
0,18 |
1,31 |
-1,13 |
|
Net Result |
0,33 |
2,93 |
-2,60 |
|
Assets depreciation |
0,03 |
1,32 |
-1,29 |
|
Provisions fund
variation |
0,01 |
0,33 |
-0,32 |
|
Net Self-Financing |
0,37 |
4,59 |
-4,22 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.004 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales
Figures |
28,54 |
-1,33 |
5,33 |
13,26 |
|
Assets Turnover |
3,63 |
1,31 |
1,65 |
2,15 |
|
Fixed Assets Turnover |
196,98 |
4,67 |
9,17 |
19,61 |
|
Increase of the Added
Value |
22,68 |
-5,60 |
5,38 |
14,86 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,16 |
1,45 |
1,80 |
2,32 |
|
Change of Personnel
Costs |
41,44 |
2,80 |
9,07 |
15,90 |
|
Average Personnel Costs |
73,94 |
21,59 |
27,83 |
35,21 |
|
Value Added by Employees |
85,94 |
37,16 |
50,71 |
72,99 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
163,00 |
232,39 |
456,45 |
847,51 |
|
Operating Cash Flow |
216,00 |
348,86 |
621,02 |
1.135,56 |
|
Change in Cash Flow |
-31,51 |
-19,07 |
1,16 |
24,08 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
1,20 |
1,73 |
3,49 |
6,93 |
|
Financial Profitability |
13,43 |
5,72 |
10,98 |
18,15 |
|
Financial Expenses |
0,01 |
0,34 |
0,70 |
1,15 |
|
Gross Economic
Profitability |
1,78 |
5,46 |
8,69 |
13,76 |
|
Gross Financial
Profitability |
19,87 |
17,33 |
26,70 |
42,04 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In
days of sales) |
89,00 |
74,18 |
99,59 |
125,75 |
|
Suppliers’ Credit (In
days of sales) |
33,00 |
31,25 |
68,61 |
104,85 |
|
Working Capital (In days
of sales) |
7,00 |
12,06 |
36,47 |
73,51 |
|
Working Capital
Requirement (In days of sales) |
0,00 |
22,16 |
66,91 |
102,05 |
|
Treasury (In days of
sales) |
6,00 |
-52,24 |
-13,54 |
9,35 |
|
Operating Current Assets |
97,00 |
125,11 |
165,51 |
204,59 |
|
BALANCE |
|
|
|
|
|
Working Capital |
863,00 |
346,89 |
1.261,23 |
2.691,26 |
|
Working Capital
Requirement |
112,00 |
728,69 |
2.018,40 |
3.839,26 |
|
Treasury |
758,00 |
-1.823,81 |
-470,38 |
307,20 |
|
Balance Ratio |
4,85 |
1,22 |
1,90 |
3,62 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
91,00 |
47,63 |
65,26 |
79,10 |
|
Own / Permanent Funds |
100,00 |
76,18 |
93,60 |
99,76 |
|
Payback Capacity |
0,25 |
0,24 |
0,34 |
0,48 |
|
Long term Indebtedness |
|
0,00 |
2,09 |
8,31 |
|
Gearing |
1.118,03 |
190,93 |
287,84 |
478,36 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
1,10 |
1,22 |
1,48 |
2,07 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,08 |
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 |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)