MIRA
INFORM REPORT
|
Report Date : |
28.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MOMU WOMAN SL. |
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Registered Office : |
Street Doctor
Allart, 25, Cp 38003, Santa Cruz De
Tenerife Tenerife |
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Country : |
Spain |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
RATING &
COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
119.998,08 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
FINANCIAL REPORT
MOMU WOMAN SL.
TAX NUMBER: B38768958
EXECUTIVE SUMMARY
Identification
Current Business Name: MOMU WOMAN SL.
Other names: NO
Current
Address: STREET DOCTOR
ALLART, 25, CP 38003, SANTA CRUZ DE TENERIFE TENERIFE
Telephone number: 922243486 Fax: 922244712
URL: www.momuwoman.com
Corporate e-mail: ceeme@momuwoman.com
Commercial Risk
Credit Appraisal: 119.998,08
RAI: NO
Legal Actions: NO
Financial Information
Latest Balance sheet sales (2006): 3.038.577,24 (MERCANTILE REGISTER)
Result: 376.273,81
Total Assets:
2.127.798,86
Social Capital: 120.000,00
Commercial Information
Constitution Date: 12/04/2004
Business activity: Retail sale
of clothes
NACE Code: 5242
International Operations: No business
relationships registered
Corporate Structure
Sole Administrator:
LALWANI PRIMLANI
SURESH HARIRAM
Other Complementary Information
Latest proceeding published in BORME: 03/10/2007 Registration
of accounts
Bank Entities: Yes
Credit Appraisal
Maximum Credit
(from 0 a 6,000,000 )
Favourable to 119.998,08
Rating Evolution
Financial Situation
Fiscal year2006
|
Treasury |
Excellent |
|
Indebtedness |
Weak |
|
Profitability |
Good |
|
Balance |
Excellent |
Performance
|
Legal Actions |
None or Negligible |
|
Business
Trajectory |
Excellent |
RAI 
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION: 14/08/2008
09:08:20
INCIDENTS
Summary
LEGAL ACTIONS: No legal
incidences registered.
CLAIM FILED AGAINST THE ADMINISTRATION: No administrative claims
registered
AFFECTED BY: No significant
element.
FINANCIAL ELEMENTS AND SECTORIAL
COMPARATIVE
FINANCIAL ELEMENTS
Figures given in
|
|
2004 (9) |
2005 (12) |
2006 (12) |
% ASSETS |
|
|
|
|
|
|
BALANCE SHEET
ANALYSIS |
|
|
|
|
|
|
|
|
|
|
OWN FUNDS |
268.299,59 |
671.363,97 |
1.047.637,78 |
49,24 |
|
|
|
|
|
|
DEBT |
859.881,23 |
1.504.100,55 |
1.080.161,08 |
50,76 |
|
|
|
|
|
|
FIXED ASSETS |
807.154,58 |
1.222.502,23 |
1.202.683,24 |
56,52 |
|
|
|
|
|
|
TOTAL ASSETS |
1.128.180,82 |
2.175.464,52 |
2.127.798,86 |
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|
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|
|
|
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2004 (9) |
2005 (12) |
2006 (12) |
% SALES |
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|
PROFIT AND LOSS
ACCOUNT ANALYSIS |
|
|
|
|
|
|
|
|
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SALES |
1.354.749,21 |
3.204.122,26 |
3.038.577,24 |
|
|
|
|
|
|
|
ADDED VALUE |
357.712,90 |
895.347,23 |
1.067.900,73 |
35,14 |
|
|
|
|
|
|
EBITDA |
183.195,20 |
486.739,75 |
478.016,58 |
15,73 |
|
|
|
|
|
|
EBIT |
165.750,81 |
442.563,78 |
429.138,32 |
14,12 |
|
|
|
|
|
|
NET RESULT |
148.299,59 |
403.064,38 |
376.273,81 |
12,38 |
|
|
|
|
|
Balance Sheets Items
Analysis
Balance Sheet Comments
Total assets of the company decreased in 2,19% between 2005 and 2006.
This decrease in the amount total assets, has been reflected in a
reduction of the fixed assets of 1,62%.
Assets reduction contrasts with net worth growth of 56,05%. Therefore,
the companys indebtedness has reduced in 28,19%.
Profit and Loss Account Analysis
Profit and Loss Account Comments
The companys sales figure decreased in 5,17% between 2005 and 2006.
The companys EBIT decreased in 3,03% between 2005 and 2006.
This evolution implies an increase in the companys operating
profitability.
The result of these variations is a decrease of the companys Economic
Profitability of 0,86% in the analysed period, being this profitability of
20,17% in the year 2006.
The companys Net Result decreased in 6,65% between 2005 and 2006.
This evolution, compared to the EBITs performance, implies that the
financial and extraordinary activities have had a negative effect in the
companys Financial Profitability.
The result of these variations is a reduction of the companys
profitability of 40,18% in the analysed period, being equal to 35,92% in the
year 2006.
ANNUAL FINANCIAL REPORT ADDITIONAL DATA
Source: annual financial report 2006
Results Distribution
Figures given in
|
DISTRIBUTION
BASE |
DISTRIBUTION TO |
||
|
Profit and Loss |
376.273,81 |
Retained earnings |
51.273,81 |
|
Carry Over |
0,00 |
Voluntary Reserve |
325.000,00 |
|
Voluntary reserves |
0,00 |
Prior years losses |
0,00 |
|
Reserves |
0,00 |
Carry Over |
0,00 |
|
Other concepts |
0,00 |
Other funds |
0,00 |
|
Total of Amounts to be distributed |
376.273,81 |
Dividends |
0,00 |
|
|
|
Other Applications |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2006) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
|
|
|
|
|
BALANCE SHEET
ANALYSIS: % on the total assets |
|
|
|
|
|
|
|
|
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|
OWN FUNDS |
49,24 |
39,13 |
10,11 |
25,83 |
|
|
|
|
|
|
DEBT |
50,76 |
60,87 |
-10,11 |
-16,60 |
|
|
|
|
|
|
FIXED ASSETS |
56,52 |
34,00 |
22,52 |
66,25 |
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
COMPANY (2006) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
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PROFIT AND LOSS
ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
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|
SALES |
100,00 |
98,79 |
1,21 |
1,22 |
|
|
|
|
|
|
ADDED VALUE |
35,14 |
19,46 |
15,69 |
80,62 |
|
|
|
|
|
|
EBIT |
14,12 |
4,33 |
9,79 |
226,09 |
|
|
|
|
|
|
NET RESULT |
12,38 |
3,03 |
9,36 |
308,96 |
|
|
|
|
|
Sector Composition
Compared sector (NACE): 524
Number of companies: 1084
Size (Sales Figure) : 2.800.000,00 -
7.000.000,00 Euros
Comments on the sectorial comparative
Compared to its sector the assets of the companies show a greater
proportion of fixed assets. Specifically the difference with the sector average
is 22,52% , which means a relative difference of 66,25% .
In liabilities composition the company appeals on a wider scale to self
financing, being the proportion of net worth of 10,11% superior, which means a
relative difference of 25,83% . As a consequence, external financing sources
are less used by the company in 10,11% less than the sector, which means a
difference of 16,60% .
The proportion that the sales mean to the companys total ordinary
income is 100,00%, 1,21% higher than in the sector, which means a relative
difference of 1,22% .
The companys EBIT was positive and was 14,12% with regard to the total
ordinary income, 9,79% higher than in the sector, which means a relative
difference of 226,09% .
The companys capacity to generate operating income is higher than the
one of the sector as its ratio EBIT/Sales is higher (ES Company versus ES
Sector).
The companys net result was positive and equal to 12,38% with regard to
the total ordinary income, 9,36% less than the sector, which means a relative
difference of 308,96% .
The financial and extraordinary results and the tax impact have had a
less negative impact on the Net result in the company than in the sector; as a
consequence, the company shows a better Net Result/EBIT ratio (REBEmpresa vs.
REBSector).
ADDRESSES
Current Legal Seat Address:
STREET DOCTOR ALLART, 25
38003
SANTA CRUZ DE TENERIFE TENERIFE
Characteristics
of the current address
Type
of premises: store
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Main Board members, Directors and Auditor 
|
POSITION |
SURNAMES AND
NAME |
APPOINTMENT DATE |
|
SOLE ADMINISTRATOR |
LALWANI PRIMLANI SURESH HARIRAM |
11/06/2004 |
CREDIT INFORMATION
Constitution Date: 12/04/2004
Business activity 
Activity: Retail sale of clothes
NACE Code: 5242
NACE Activity: Retail sale of
clothing
Business: ARTICULO 2 LA SOCIEDAD TIENE POR OBJETO: A)
LA IMPORTACION; EXPORTACION, REPRESENTACION, CONSIGNACION, COMERCIALIZACION Y
COMPRA O VENTA AL MAYOR Y AL DETALLE DE TEJIDOS, CONFECCIONES TEXTILES PARA EL
HOGAR, PRENDAS EXTE
Banks 
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO POPULAR ESPAΡOL, S.A. |
0144 |
BETHENCOURT ALFONSO, 16 |
SANTA CRUZ DE TENERIFE |
Tenerife |
1 bank entities registered
LEGAL STRUCTURE
Constitution Data
Register Date: 12/04/2004
Register town: Tenerife
Announcement number: 268625
Register Data:
Volume 2584, Book 0, Folio 147, Section 8, Sheet 33889
Legal form: LIMITED LIABILITY
COMPANY
Social Capital: 120.000
Current structure data 
Current Legal Form: LIMITED LIABILITY
COMPANY
Current Capital: 120.000,00
Legal Aspects
Obligation to fill in Financial
Statements: YES
Chamber census: YES (2006)
Listed on a Stock Exchange: NO
B.O.R.M.E.(Official Companies
Registry Gazette) 
Registered Proceedings
|
PROCEEDINGS |
DATE |
NOTICE NUM. |
TRADE REG. |
|
Establishment |
11/06/2004 |
268625 |
Tenerife |
|
Appointments |
11/06/2004 |
268625 |
Tenerife |
Other Proceedings published
|
PROCEEDINGS |
DATE |
NOTICE NUM. |
TRADE REG. |
|
Registration of accounts (2006) Individual |
03/10/2007 |
737799 |
Tenerife |
|
Registration of
accounts (2005) Individual |
18/09/2006 |
478969 |
Tenerife |
|
Registration of
accounts (2004) Individual |
18/09/2006 |
472249 |
Tenerife |
FINANCIAL INFORMATION
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 04/03/2008.
BALANCE SHEET
Assets
Figures given in
|
|
31/12/2004 (9) |
31/12/2005 (12) |
31/12/2006 (12) |
|
A) DUE FROM SHAREHOLDERS FOR UNCALLED CAPITAL |
|
|
|
|
B) FIXED ASSETS |
807.154,58 |
1.222.502,23 |
1.202.683,24 |
|
I. Incorporation costs |
|
|
|
|
II. Intangible fixed assets |
|
|
|
|
III. Tangible fixed assets |
807.135,16 |
1.204.338,81 |
1.184.519,82 |
|
IV. Financial fixed assets |
19,42 |
18.163,42 |
18.163,42 |
|
V.Owners equity |
|
|
|
|
VI.Long term trade liabilities |
|
|
|
|
C) DEFERRED EXPENSES |
|
|
|
|
D) CURRENT ASSETS |
321.026,24 |
952.962,29 |
925.115,62 |
|
I. Shareholders by required outlays |
|
|
|
|
II. Stocks |
260.987,10 |
866.612,70 |
861.159,40 |
|
III. Debtors |
|
1.924,92 |
5.233,60 |
|
IV. Temporary financial investment |
|
|
|
|
V. Short-term own shares |
|
|
|
|
VI. Treasury |
60.039,14 |
84.424,67 |
58.722,62 |
|
VII. Periodification adjustments |
|
|
|
|
ASSETS (A + B + C + D) |
1.128.180,82 |
2.175.464,52 |
2.127.798,86 |
Assets composition
Liabilities
Figures given in
|
|
31/12/2004 (9) |
31/12/2005 (12) |
31/12/2006 (12) |
|
A) SHAREHOLDERS EQUITY |
268.299,59 |
671.363,97 |
1.047.637,78 |
|
I. Share capital |
120.000,00 |
120.000,00 |
120.000,00 |
|
II. Issue bonus |
|
|
|
|
III.Revaluation reserve |
|
|
|
|
IV.Reserves |
|
|
|
|
Capital adjustments in Euros |
|
|
|
|
Sundry reserves |
|
|
|
|
V.Results from previous years |
|
148.299,59 |
551.363,97 |
|
VI.Profit and Losses |
148.299,59 |
403.064,38 |
376.273,81 |
|
VII.Dividend paid during the year |
|
|
|
|
VIII.Own shares for capital reduction |
|
|
|
|
B) DEFERRED INCOME |
|
|
|
|
C) PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
D) LONG TERM LIABILITIES |
470.625,61 |
638.143,52 |
546.982,95 |
|
E) SHORT TERM LIABILITIES |
389.255,62 |
865.957,03 |
533.178,13 |
|
F) SHORT TERM PROVISIONS FOR LIABILITIES AND
EXPENSES |
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
1.128.180,82 |
2.175.464,52 |
2.127.798,86 |
Liabilities
Composition
PROFIT AND LOSS ACCOUNT
Itams of the Profit and Loss Account
Figures given in
|
|
31/12/2004 (9) |
31/12/2005 (12) |
31/12/2006 (12) |
|
A) EXPENSES (A.1 a A.15) |
1.209.025,76 |
2.804.833,64 |
2.666.997,05 |
|
A.1.Operating costs |
700.372,68 |
1.441.239,61 |
1.250.301,75 |
|
A.2. Labour cost |
174.517,70 |
408.607,48 |
589.884,15 |
|
Wages |
133.200,13 |
313.003,95 |
454.226,90 |
|
Social security expenses |
41.317,57 |
95.603,53 |
135.657,25 |
|
A.3. Assets depreciation |
17.444,39 |
44.175,97 |
48.878,26 |
|
A.4. Variation in provision for current assets |
|
|
|
|
A.5. Other operating costs |
296.663,63 |
867.535,42 |
720.374,76 |
|
A.I. OPERATING RESULT (B.1-A.1-A.2-A.3-A.4-A.5) |
165.750,81 |
442.563,78 |
429.138,32 |
|
A.6.Financial expenses and similar |
12.578,68 |
28.679,50 |
21.597,77 |
|
Debts with related companies |
|
|
|
|
Debts with associated companies |
|
|
|
|
Other companies debts By debts with third parties and similar expenses |
12.578,68 |
28.679,50 |
21.597,77 |
|
Losses from financial investments |
|
|
|
|
A.7. Variation in financial investment provision |
|
|
|
|
A.8.Negative exchange difference |
2.101,69 |
5.231,36 |
26.912,04 |
|
A.II.POSITIVE FINANCIAL RESULTS
(B.2+B.3-A.6-A.7-A.8) |
|
|
|
|
A.III.PROFIT FROM ORDINARY ACTIVITIES
(A.I+A.II-B.I-B.II) |
153.646,58 |
411.666,31 |
384.848,87 |
|
A.9. Variation in provision in fixed assets |
|
|
|
|
A.10. Losses in fixed assets |
|
|
|
|
A.11. Losses from own shares and bonds |
|
|
|
|
A.12. Extraordinary charges |
|
|
|
|
A.13.Other exercises expenses and losses |
|
|
|
|
A.IV.POSITIVE
EXTRAORDINARY RESULT (B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13) |
|
762,37 |
473,26 |
|
A.V.PROFIT
BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
153.646,58 |
412.428,68 |
385.322,13 |
|
A.14.Corporate
Taxes |
5.346,99 |
9.364,30 |
9.048,32 |
|
A.15. Other
taxes |
|
|
|
|
A.VI.EXERCISE
RESULT (PROFIT) (A.V-A.14-A.15) |
148.299,59 |
403.064,38 |
376.273,81 |
|
B) INCOMES (B.1
a B.8) |
1.357.325,35 |
3.207.898,02 |
3.043.270,86 |
|
B.1.Operating
income |
1.354.749,21 |
3.204.122,26 |
3.038.577,24 |
|
Turnover |
1.354.749,21 |
3.204.122,26 |
3.038.577,24 |
|
Other operating
income |
|
|
|
|
B.I.OPERATING
LOSSES (A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
B.2.Financial Income |
0,22 |
874,33 |
1.868,39 |
|
From affiliated companies |
|
|
|
|
From associated companies |
|
|
|
|
Other |
0,22 |
874,33 |
1.868,39 |
|
Gains from investments |
|
|
|
|
B.3. Positive change difference |
2.575,92 |
2.139,06 |
2.351,97 |
|
B.II. NEGATIVE FINANCIAL RESULTS
(A.6+A.7+A.8-B.2-B.3) |
12.104,23 |
30.897,47 |
44.289,45 |
|
B.III.LOSSES FROM ORDINARY ACTIVITIES
(B.I+B.II-A.I-A.II) |
|
|
|
|
B.4.B.9. Gains from disposal of fixed assets |
|
|
|
|
B.5.Gains from dealing in own shares |
|
|
|
|
B.6. Paid in surplus |
|
|
|
|
B.7. Extraordinary income |
|
762,37 |
473,26 |
|
B.8.Other years income and profits |
|
|
|
|
B.IV.NEGATIVE EXTRAORDINARY LOSSES (A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8) |
|
|
|
|
B.V.LOSS BEFORE TAXES (B.III+B.IV-A.III-A.IV) |
|
|
|
|
B.VI.EXERCISE
RESULTS (LOSS) (B.V+A.14+A.15) |
|
|
|
Composition of the Profit
and Loss Account
FINANCIAL BALANCE
Here the Main Capital Amounts of the company and the Revolving Fund
Evolution are analysed.
Financial Balance Table
Figures given in
|
|
31/12/2004 (9) |
% |
31/12/2005 (12) |
% |
31/12/2006 (12) |
% |
|
A) DUE FROM
SHAREHOLDERS FOR UNCALLED CAPITAL |
|
|
|
|
|
|
|
B) FIXED ASSETS |
807.154,58 |
71,54 |
1.222.502,23 |
56,19 |
1.202.683,24 |
56,52 |
|
C) DEFERRED
EXPENSES |
|
|
|
|
|
|
|
D) CURRENT
ASSETS |
321.026,24 |
28,46 |
952.962,29 |
43,81 |
925.115,62 |
43,48 |
|
ASSETS (A + B +
C + D) |
1.128.180,82 |
|
2.175.464,52 |
|
2.127.798,86 |
|
|
|
||||||
|
A) SHAREHOLDERS
EQUITY |
268.299,59 |
23,78 |
671.363,97 |
30,86 |
1.047.637,78 |
49,24 |
|
B) DEFERRED
INCOME |
|
|
|
|
|
|
|
C) PROVISIONS
FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
|
|
D) LONG TERM
LIABILITIES |
470.625,61 |
41,72 |
638.143,52 |
29,33 |
546.982,95 |
25,71 |
|
E) SHORT TERM
LIABILITIES |
389.255,62 |
34,50 |
865.957,03 |
39,81 |
533.178,13 |
25,06 |
|
F) SHORT TERM
PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
1.128.180,82 |
|
2.175.464,52 |
|
2.127.798,86 |
|
Financial Balance
Composition
Comments on Financial Balance
In the 2004, the assets of the company were formed in 71,54% of Fixed
Assets and in 28,46% of Current Assets.This assets were financed in 23,78% with
own capitals, and in 41,72% with long term debt and in 34,50% with current
liabilities.
The result of this financial structure is a negative turnover fund of
-68.229,38 Euros, which is equivalent to -6,05% proportion of the companys
total assets.
In the 2005, the assets of the company were formed in 56,19% of Fixed
Assets and in 43,81% of Current Assets.This assets were financed in 30,86% with
own capitals, and in 29,33% with long term debt and in 39,81% with current
liabilities.
The result of this financial structure is a positive turnover fund of
87.005,26 Euros, which is equivalent to 4,00% proportion of the companys
total assets.
In the 2006, the assets of the company were formed in 56,52% of Fixed
Assets and in 43,48% of Current Assets.This assets were financed in 49,24% with
own capitals, and in 25,71% with long term debt and in 25,06% with current liabilities.
The result of this financial structure is a positive turnover fund of
391.937,49 Euros, which is equivalent to 18,42% proportion of the
companys total assets.
This measure has increased with respect to the previous exercise in
350,48% having also increased its proportion with respect to the total assets
of the company.
RATIOS
Main Ratios
|
|
31/12/2004 (9) |
31/12/2005 (12) |
31/12/2006 (12) |
|
STRUCTURAL RATIOS |
|
|
|
|
Management fund |
-68.229,38 |
87.005,26 |
391.937,49 |
|
Indebtedness (%) |
76,22 |
69,14 |
50,76 |
|
External Funds on Net Worth |
3,20 |
2,24 |
1,03 |
|
GENERAL ACTIVITY RATIO |
|
|
|
|
Turnover Increase (%) |
|
|
-5,17 |
|
Added value growth (%) |
|
|
19,27 |
|
Cash Flow |
165.743,98 |
447.240,35 |
425.152,07 |
|
Labour Productivity |
2,05 |
2,19 |
1,81 |
|
Assets turnover |
1,20 |
1,47 |
1,43 |
|
Breakdown Point |
1.011.596,96 |
2.399.741,74 |
2.309.399,92 |
|
Security Margin of the Breakdown Point (%) |
25,33 |
25,10 |
24,00 |
|
ACTIVITY RATIOS |
|
|
|
|
Average Collection Period |
|
0 |
1 |
|
Inventory Turnover Period |
69 |
97 |
102 |
|
SOLVENCY RATIOS |
|
|
|
|
Payback Capacity |
0,19 |
0,30 |
0,39 |
|
Assets Guarantee |
1,31 |
1,45 |
1,97 |
|
Short Term Debts Proportion (%) |
45,27 |
57,57 |
49,36 |
|
Interest Coverage |
12,97 |
15,46 |
19,47 |
|
LIQUIDITY RATIOS |
|
|
|
|
Current Ratio |
0,82 |
1,10 |
1,74 |
|
Immediate liquidity |
0,15 |
0,10 |
0,11 |
|
Sales on Current Assets |
1.519 |
1.210 |
1.182 |
Results Analysis
Ratios
|
|
31/12/2004 (9) |
31/12/2005 (12) |
31/12/2006 (12) |
|
Economic profitability (%) |
14,69 |
20,34 |
20,17 |
|
Operating Profitability (%) |
12,24 |
13,81 |
14,12 |
|
Equity gearing |
3,90 |
3,01 |
1,82 |
|
Financial profitability (%) |
55,27 |
60,04 |
35,92 |
|
General Profitability (%) |
10,95 |
12,58 |
12,38 |
Comments on the
Results Analysis Ratios
The economic profitability in the year2006 achieved a 20,17% positive
level, due to a 14,12% economic margin and to an assets turnover of1,43%.
The economic profitability in the year has reduced from 20,34% up to
20,17% of2006, even if it remains positive. The decrease in assets turnover
from 1,47% to the current level of 1,43has provoked this drop, which has not
been compensated by the parallel increase of the economic margin from 14,12% to
13,81%.
Financial profitability on 2006 achieved a 35,92%.
The companys financial structure has instigated its economic
profitability with an indebtedness level of 1,82.
The general profitability on 2006 achieved a 12,38%.
SECTORIAL ANΑLYSIS
Large Capital Amounts and Financial Balance
Figures given in %
|
|
COMPANY (2006) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
A) DUE FROM SHAREHOLDERS
FOR UNCALLED CAPITAL |
|
0,02 |
|
|
|
|
|
|
|
|
B) FIXED ASSETS |
56,52 |
34,00 |
22,52 |
66,24 |
|
|
|
|
|
|
C) DEFERRED
EXPENSES |
|
0,51 |
|
|
|
|
|
|
|
|
D) CURRENT
ASSETS |
43,48 |
65,47 |
-21,99 |
-33,59 |
|
|
|
|
|
|
ASSETS (A + B +
C + D) |
100 |
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2006) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
A) SHAREHOLDERS
EQUITY |
49,24 |
38,91 |
10,33 |
26,56 |
|
|
|
|
|
|
B) DEFERRED INCOME |
|
0,22 |
|
|
|
|
|
|
|
|
C) PROVISIONS
FOR LIABILITIES AND EXPENSES |
|
0,06 |
|
|
|
|
|
|
|
|
D) LONG TERM
LIABILITIES |
25,71 |
13,08 |
12,63 |
96,59 |
|
|
|
|
|
|
E) SHORT TERM LIABILITIES |
25,06 |
47,70 |
-22,64 |
-47,47 |
|
|
|
|
|
|
F) SHORT TERM
PROVISIONS FOR LIABILITIES AND EXPENSES |
|
0,03 |
|
|
|
|
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
100 |
100 |
|
|
|
|
|
|
|
Sectorial Financial
Balance Comparison
Comments to the Sectorial Analysis
In the 2006, the assets of the company were formed in 56,52% of fixed
assets and in 43,48Current Assets % In the sector, the proportion of fixed
assets was of 34,53%, 63,68% inferior, and the proportion of current assets was
of 65,47%, 33,59% superior.
The assets were financed in the company in 49,24% with own capitals , in
25,71% with fixed liabilities and in 25,06% with current liabilities In the
sector, the self financing represented 39,13%, 25,84% inferior. On the other
hand the long term debts represented in the sector an average of 13,14%
financing, with a relative difference of 95,74% in favour of the companyAnd,
short term liabilities represented in the sector an average of 47,74%
financing, with a relative difference of 47,50% favourable to the sector
The result of this companys financial structure is a turnover fund that
represents 18,42% of the total assets; in the sector, this same proportion is
17,74%, therefore, we can say that the companys turnover fund is 3,86% higher
than the one in of the sector.
Analytical Account of
Results
Figures given in %
|
|
COMPANY (2006) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
Turnover |
100,00 |
98,79 |
1,21 |
1,22 |
|
Other operating income |
|
1,21 |
|
|
|
Production Value |
100,00 |
100,00 |
0,00 |
0,00 |
|
Operating expenses |
41,15 |
69,30 |
-28,15 |
-40,62 |
|
Other operation expenses |
23,71 |
11,24 |
12,47 |
110,92 |
|
Added value |
35,14 |
19,46 |
15,68 |
80,59 |
|
Labour cost |
19,41 |
13,29 |
6,12 |
46,03 |
|
Gross Economic Result |
15,73 |
6,16 |
9,57 |
155,15 |
|
Assets depreciation |
1,61 |
1,64 |
-0,03 |
-2,07 |
|
Variation in provision for current assets and bad debt losses |
|
0,19 |
|
|
|
Net Economic Result |
14,12 |
4,33 |
9,79 |
226,02 |
|
Financial income |
0,14 |
0,39 |
-0,25 |
-64,19 |
|
Financial Charges |
1,60 |
0,92 |
0,68 |
74,48 |
|
Variation in financial investment provision |
|
0,01 |
|
|
|
Ordinary
Activities Result |
12,67 |
3,80 |
8,87 |
233,60 |
|
Extraordinary income |
0,02 |
0,59 |
-0,57 |
-96,62 |
|
Extraordinary charges |
|
0,18 |
|
|
|
Variation in provision in fixed assets |
|
0,00 |
|
|
|
Results before Taxes |
12,68 |
4,21 |
8,47 |
201,12 |
|
Corporate taxes |
0,30 |
1,18 |
-0,88 |
-74,64 |
|
Net Result |
12,38 |
3,03 |
9,35 |
308,85 |
|
Assets depreciation |
1,61 |
1,64 |
-0,03 |
-2,07 |
|
Change of Provisions |
|
0,20 |
|
|
|
Net Self-Financing |
13,99 |
4,87 |
9,12 |
187,33 |
Main Ratios
|
|
COMPANY (2006) |
PTILE25 |
PTILE50 |
PTILE75 |
|
STRUCTURAL RATIOS |
|
|
|
|
|
Management fund |
391.937,49 |
45,36 |
329,53 |
725,25 |
|
Indebtedness (%) |
50,76 |
47,35 |
65,92 |
79,88 |
|
External Funds on Net Worth |
1,03 |
0,90 |
1,94 |
3,97 |
|
GENERAL ACTIVITY
RATIO |
|
|
|
|
|
Turnover Increase (%) |
-5,17 |
-2,27 |
5,50 |
16,03 |
|
Added value growth (%) |
19,27 |
-2,64 |
7,10 |
19,06 |
|
Cash Flow |
425.152,07 |
80,20 |
144,58 |
249,80 |
|
Labour Productivity |
1,81 |
1,23 |
1,40 |
1,73 |
|
Assets turnover |
1,43 |
1,26 |
1,74 |
2,40 |
|
Breakdown Point |
2.309.399,92 |
2.719.037,39 |
3.275.938,57 |
4.058.295,94 |
|
Security Margin
of the Breakdown Point (%) |
24,00 |
5,89 |
11,60 |
21,03 |
|
ACTIVITY RATIOS |
|
|
|
|
|
Average Collection Period |
1 |
11 |
37 |
89 |
|
Inventory Turnover Period |
102 |
22 |
48 |
87 |
|
SOLVENCY RATIOS |
|
|
|
|
|
Payback Capacity |
0,39 |
0,05 |
0,11 |
0,21 |
|
Assets Guarantee |
1,97 |
1,24 |
1,51 |
2,10 |
|
Short Term Debts Proportion (%) |
49,36 |
73,62 |
90,97 |
99,80 |
|
Interest Coverage |
19,47 |
1,68 |
5,15 |
16,22 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio |
1,74 |
1,04 |
1,31 |
1,82 |
|
Immediate liquidity |
0,11 |
0,05 |
0,19 |
0,52 |
|
Sales on Current Assets |
1.182 |
673 |
933 |
1.291 |
Results Analysis
Ratios
|
|
COMPANY (2006) |
PTILE25 |
PTILE50 |
PTILE75 |
|
Economic profitability (%) |
20,17 |
3,04 |
5,60 |
9,78 |
|
Operating Profitability (%) |
14,12 |
1,63 |
3,20 |
5,92 |
|
Equity gearing |
1,82 |
1,50 |
2,19 |
3,60 |
|
Financial profitability (%) |
35,92 |
5,81 |
11,29 |
18,53 |
|
General Profitability (%) |
12,38 |
0,80 |
1,97 |
4,00 |
NOTES
The lack of collaboration on the part of
subject to provide data as
well as the unsuccessful enquiries at the available sources, has
made impossible to obtain enough information to produce the report
requested by you.
The information included in your enquiry is correct.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.73 |
|
UK Pound |
1 |
Rs.80.57 |
|
Euro |
1 |
Rs.64.29 |
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. |
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 SCs 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%)