MIRA
INFORM REPORT
|
Report Date : |
12.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
NIZA MODA S.L. |
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Registered Office : |
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Country : |
Spain |
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Financials (as on) : |
31.12.2007 |
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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 : |
10.217,21 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
FINANCIAL REPORT
NIZA MODA S.L.
TAX NUMBER: B83109678
EXECUTIVE SUMMARY
Identification
Current Business Name: NIZA MODA S.L.
Other names: NO
Current Address: STREET COLEGIATA, 9, CP 28012 MADRID
Branches: 2
Telephone number: 915064951 Fax: 915064951
URL: www.nizamoda.com
Commercial Risk
Credit Appraisal: 10.217,21
RAI: NO
Legal Actions: NO
Financial
Information
Latest Balance sheet sales (2007): 722.621,52 (MERCANTILE REGISTER)
Result: 3.852
Total Assets: 461.181,52
Social Capital: 18.024,00
Employees: 6
Commercial Information
Constitution Date: 19/10/2001
Business activity: Wholesale of
clothing (outerwear)
NACE Code: 5142
International Operations: Imports
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest proceeding published in BORME: 10/10/2008 Registration
of accounts
Bank Entities: Yes
COMMERCIAL RISK
Credit Appraisal
Maximum Credit
(from 0 a 6,000,000 )
Favourable to 10.217,21
Rating Evolution
Financial Situation
Fiscal year2007
|
Treasury |
Good |
|
Indebtedness |
Heavy |
|
Profitability |
Null |
|
Balance |
Good |
Performance
|
Legal Actions |
None or Negligible |
|
Business
Trajectory |
Excellent |
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
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
|
|
2005 (12) |
2006 (12) |
2007 (12) |
% ASSETS |
|
|
|
|
|
|
BALANCE SHEET
ANALYSIS |
|
|
|
|
|
|
|
|
|
|
OWN FUNDS |
23.239,93 |
27.380,25 |
31.232,25 |
6,77 |
|
|
|
|
|
|
DEBT |
257.044,43 |
461.504,18 |
429.949,27 |
93,23 |
|
|
|
|
|
|
FIXED ASSETS |
14.116,85 |
212.445,64 |
204.527,00 |
44,35 |
|
|
|
|
|
|
TOTAL ASSETS |
280.284,36 |
488.884,43 |
461.181,52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
2005 (12) |
2006 (12) |
2007 (12) |
% SALES |
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|
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|
PROFIT AND LOSS
ACCOUNT ANALYSIS |
|
|
|
|
|
|
|
|
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SALES |
954.185,22 |
625.871,39 |
722.621,52 |
|
|
|
|
|
|
|
ADDED VALUE |
140.434,55 |
120.901,56 |
124.595,11 |
17,24 |
|
|
|
|
|
|
EBITDA |
63.631,00 |
28.400,70 |
39.102,46 |
5,41 |
|
|
|
|
|
|
EBIT |
36.372,89 |
19.556,93 |
30.862,43 |
4,27 |
|
|
|
|
|
|
NET RESULT |
6.617,34 |
4.140,32 |
3.852,00 |
0,53 |
|
|
|
|
|
Balance Sheets Items
Analysis
Balance Sheet Comments
Total assets of the company grew 74,42% between 2005 and 2006.
This growth is a consequence of the fixed assets increase of 1.404,91%.
This growth has been mainly financed with a debt increase of 79,54%.
Nevertheless the net worth increased 17,82%.
Total assets of the company decreased in 5,67% between 2006 and 2007.
This decrease in the amount total assets, has been reflected in a
reduction of the fixed assets of 3,73%.
Assets reduction contrasts with net worth growth of 14,07%. Therefore,
the companys indebtedness has reduced in 6,84%.
Profit and Loss Account Analysis
Profit and Loss Account Comments
The companys sales figure decreased in 34,41% between 2005 and 2006.
The companys EBIT decreased in 46,23% between 2005 and 2006.
This evolution implies a reduction in the companys operating
profitability.
The result of these variations is a decrease of the companys Economic
Profitability of 69,17% in the analysed period, being this profitability of
4,00% in the year 2006.
The companys Net Result decreased in 37,43% between 2005 and 2006.
This evolution, compared to the EBITs performance, implies that the
financial and extraordinary activities have had a positive effect in the
companys Financial Profitability.
The result of these variations is a reduction of the companys
profitability of 46,89% in the analysed period, being equal to 15,12% in the
year 2006.
The companys sales figure grew 15,46% between 2006 and 2007.
The companys EBIT grew 57,81% between 2006 and 2007.
This evolution implies an increase in the companys operating
profitability.
The result of these variations is an increase of the companys Economic
Profitability of 67,29% in the analysed period, being this profitability of
6,69% in the year 2007.
The companys Net Result decreased in 6,96% between 2006 and 2007.
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 18,44% in the analysed period, being equal to 12,33% in the
year 2007.
ANNUAL FINANCIAL REPORT ADDITIONAL DATA
Source: annual financial report 2007
Results Distribution
Figures given in
|
DISTRIBUTION
BASE |
DISTRIBUTION TO |
||
|
Profit and Loss |
3.852,00 |
Retained earnings |
0,00 |
|
Carry Over |
0,00 |
Voluntary Reserve |
3.852,00 |
|
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 |
3.852,00 |
Dividends |
0,00 |
|
|
|
Other Applications |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2007) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
|
|
|
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|
BALANCE SHEET
ANALYSIS: % on the total assets |
|
|
|
|
|
|
|
|
|
|
OWN FUNDS |
6,77 |
40,15 |
-33,37 |
-83,13 |
|
|
|
|
|
|
DEBT |
93,23 |
59,85 |
33,37 |
55,76 |
|
|
|
|
|
|
FIXED ASSETS |
44,35 |
32,06 |
12,29 |
38,33 |
|
|
|
|
|
|
|
COMPANY (2007) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
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|
SALES |
99,82 |
98,86 |
0,96 |
0,97 |
|
|
|
|
|
|
ADDED VALUE |
17,21 |
20,73 |
-3,52 |
-16,96 |
|
|
|
|
|
|
EBIT |
4,26 |
4,22 |
0,04 |
1,02 |
|
|
|
|
|
|
NET RESULT |
0,53 |
2,50 |
-1,97 |
-78,72 |
|
|
|
|
|
Sector Composition
Compared sector (NACE): 514
Number of companies: 3479
Size (Sales Figure) : 0 - 2.800.000,00
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 12,29% , which means a relative difference of 38,33% .
In liabilities composition the company appeals on a wider scale to self
financing, being the proportion of net worth of 33,37% inferior, which means a
relative difference of 83,13% 33,37% more than the sector, which means a
difference of 55,76% .
The proportion that the sales mean to the companys total ordinary
income is 99,82%, 0,96% higher than in the sector, which means a relative
difference of 0,97% .
The companys EBIT was positive and was 4,26% with regard to the total
ordinary income, 0,04% higher than in the sector, which means a relative
difference of 1,02% .
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 0,53% with regard to
the total ordinary income, 1,97% less than the sector, which means a relative
difference of 78,72% .
The financial and extraordinary results and the tax impact have had a
negative impact on the Net result in the company with a worse behaviour than in
the sector; as a consequence, the company shows a worse Net Result/EBIT ratio
(REBEmpresa vs. REBSector).
ADDRESSES
Current Legal Seat Address:
STREET COLEGIATA, 9
28012
MADRID
Characteristics of the current address
Type of premises: store
Property: rented
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
PERIOD TIRSO DE MOLINA 15 |
28012 |
MADRID |
Madrid |
|
STREET JUAN DE VERA 11 |
28045 |
MADRID |
Madrid |
2 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Main Board members, Directors and Auditor 
|
POSITION |
SURNAMES AND
NAME |
APPOINTMENT DATE |
|
SOLE ADMINISTRATOR |
KALU CHETWANI MAYA |
31/12/2001 |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATA INF. |
|
|
KALU CHETWANI MAYA |
|
Major. |
OWN SOURCES |
11/12/2008 |
CREDIT INFORMATION
Constitution Date: 19/10/2001
Foundation Date: 01/01/2001
Activity: Wholesale of clothing (outerwear)
NACE Code: 5142
NACE Activity: Wholesale of
clothing and footwear
Business: LA IMPORTACION,
COMPRA, VENTA, DISTRIBUCION Y VENTA AL POR MAYOR DE TODO TIPO DE PRENDAS DE
CONFECCION TEXTIL, MODA Y COMPLEMENTOS.
Employees 
Number of total employees: 6 (2008)
Number of fixed employees: 50,00%
Number of temporary employees: 50,00%
Employees evolution
PURCHASES
Payments (estimated):
Imports from: INDIA
SALES
Collection (estimated):
National Distribution: 100%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO
VIZCAYA ARGENTARIA, S.A. |
|
|
MADRID |
|
1 bank entities registered
LEGAL STRUCTURE
Constitution Data
Register Date: 19/10/2001
Register town: Madrid
Announcement number: 477892
Legal form: LIMITED LIABILITY
COMPANY
Social Capital: 18.024
Current Legal Form: LIMITED LIABILITY
COMPANY
Current Capital: 18.024,00
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) 
Other Proceedings published
|
PROCEEDINGS |
DATE |
NOTICE NUM. |
TRADE REG. |
|
Registration of
accounts (2007) Individual |
10/10/2008 |
838065 |
Madrid |
|
Registration of
accounts (2006) Individual |
29/08/2007 |
332272 |
Madrid |
|
Registration of
accounts (2005) Individual |
07/11/2006 |
852142 |
Madrid |
|
Registration of
accounts (2004) Individual |
22/11/2005 |
957747 |
Madrid |
|
Registration of
accounts (2003) Individual |
19/11/2004 |
865713 |
Madrid |
Complementary Information
31/08/06 BLOQUE DE INVESTIGACION:
- Vinculada por socios y actividad a EXITANIA SL nif B38799375.
----------------------------------------------------------------------
El Bloque de investigacion no esta sujeto a actualizaciones sistemati-
cas. Los datos mostrados fueron aportados por las fuentes consultadas
en la fecha de encabezamiento.
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 27/11/2008.
BALANCE SHEET
Assets
Figures given in
|
|
31/12/2005 (12) |
31/12/2006 (12) |
31/12/2007 (12) |
|
A) DUE FROM SHAREHOLDERS FOR UNCALLED CAPITAL |
|
|
|
|
B) FIXED ASSETS |
14.116,85 |
212.445,64 |
204.527,00 |
|
I. Incorporation costs |
|
|
|
|
II. Intangible fixed assets |
1.384,65 |
1.134,65 |
500,00 |
|
III. Tangible fixed assets |
1.894,58 |
206.193,37 |
193.859,38 |
|
IV. Financial fixed assets |
10.837,62 |
5.117,62 |
10.167,62 |
|
V.Owners equity |
|
|
|
|
VI.Long term trade liabilities |
|
|
|
|
C) DEFERRED EXPENSES |
|
|
|
|
D) CURRENT ASSETS |
266.167,51 |
276.438,79 |
256.654,52 |
|
I. Shareholders by required outlays |
|
|
|
|
II. Stocks |
107.042,60 |
162.354,86 |
225.136,63 |
|
III. Debtors |
155.321,08 |
100.449,70 |
19.913,77 |
|
IV. Temporary financial investment |
1.700,00 |
1.700,00 |
800,00 |
|
V. Short-term own shares |
|
|
|
|
VI. Treasury |
2.103,83 |
11.934,23 |
10.804,12 |
|
VII. Periodification adjustments |
|
|
|
|
ASSETS (A + B + C + D) |
280.284,36 |
488.884,43 |
461.181,52 |
Assets composition
Liabilities
Figures given in
|
|
31/12/2005 (12) |
31/12/2006 (12) |
31/12/2007 (12) |
|
A) SHAREHOLDERS EQUITY |
23.239,93 |
27.380,25 |
31.232,25 |
|
I. Share capital |
18.024,00 |
18.024,00 |
18.024,00 |
|
II. Issue bonus |
|
|
|
|
III.Revaluation reserve |
|
|
|
|
IV.Reserves |
|
5.215,93 |
9.356,25 |
|
Capital adjustments in Euros |
|
|
|
|
Sundry reserves |
|
5.215,93 |
9.356,25 |
|
V.Results from previous years |
-1.401,41 |
|
|
|
VI.Profit and Losses |
6.617,34 |
4.140,32 |
3.852,00 |
|
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 |
|
224.226,80 |
203.569,39 |
|
E) SHORT TERM LIABILITIES |
257.044,43 |
237.277,38 |
226.379,88 |
|
F) SHORT TERM PROVISIONS FOR LIABILITIES AND
EXPENSES |
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
280.284,36 |
488.884,43 |
461.181,52 |
Liabilities
Composition
PROFIT AND LOSS ACCOUNT
Itams of the Profit and Loss Account
Figures given in
|
|
31/12/2005 (12) |
31/12/2006 (12) |
31/12/2007 (12) |
|
A) EXPENSES (A.1 a A.15) |
947.568,51 |
636.319,34 |
720.119,79 |
|
A.1.Operating costs |
636.087,69 |
309.985,78 |
383.326,90 |
|
A.2. Labour cost |
76.803,55 |
92.500,86 |
85.492,65 |
|
Wages |
62.964,49 |
75.941,61 |
68.739,77 |
|
Social security expenses |
13.839,06 |
16.559,25 |
16.752,88 |
|
A.3. Assets depreciation |
1.029,98 |
8.843,77 |
12.968,64 |
|
A.4. Variation in provision for current assets |
26.228,13 |
|
-4.728,61 |
|
A.5. Other operating costs |
177.662,98 |
209.553,49 |
215.997,31 |
|
A.I. OPERATING RESULT (B.1-A.1-A.2-A.3-A.4-A.5) |
36.372,89 |
19.556,93 |
30.862,43 |
|
A.6.Financial expenses and similar |
25.467,36 |
13.311,01 |
24.723,09 |
|
Debts with related companies |
|
|
|
|
Debts with associated companies |
|
|
|
|
Other companies debts By debts with third parties and similar expenses |
25.467,36 |
13.311,01 |
24.723,09 |
|
Losses from financial investments |
|
|
|
|
A.7. Variation
in financial investment provision |
|
|
|
|
A.8.Negative
exchange difference |
|
|
|
|
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) |
10.906,16 |
6.264,75 |
6.191,81 |
|
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 |
1.729,90 |
350,00 |
1.055,81 |
|
A.13.Other exercises expenses and losses |
195,95 |
|
|
|
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) |
|
|
|
|
A.V.PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
8.980,31 |
5.914,75 |
5.136,00 |
|
A.14.Corporate Taxes |
2.362,97 |
1.774,43 |
1.284,00 |
|
A.15. Other taxes |
|
|
|
|
A.VI.EXERCISE RESULT (PROFIT) (A.V-A.14-A.15) |
6.617,34 |
4.140,32 |
3.852,00 |
|
B) INCOMES (B.1 a B.8) |
954.185,85 |
640.459,66 |
723.971,79 |
|
B.1.Operating income |
954.185,22 |
640.440,83 |
723.919,32 |
|
Turnover |
954.185,22 |
625.871,39 |
722.621,52 |
|
Other operating income |
|
14.569,44 |
1.297,80 |
|
B.I.OPERATING LOSSES (A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
B.2.Financial Income |
0,63 |
18,83 |
52,47 |
|
From affiliated companies |
|
|
|
|
From associated companies |
|
|
|
|
Other |
0,63 |
18,83 |
52,47 |
|
Gains from investments |
|
|
|
|
B.3. Positive change difference |
|
|
|
|
B.II. NEGATIVE FINANCIAL RESULTS
(A.6+A.7+A.8-B.2-B.3) |
25.466,73 |
13.292,18 |
24.670,62 |
|
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 |
|
|
|
|
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) |
1.925,85 |
350,00 |
1.055,81 |
|
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
|
|
31/12/2005 (12) |
% |
31/12/2006 (12) |
% |
31/12/2007 (12) |
% |
|
A) DUE FROM
SHAREHOLDERS FOR UNCALLED CAPITAL |
|
|
|
|
|
|
|
B) FIXED ASSETS |
14.116,85 |
5,04 |
212.445,64 |
43,46 |
204.527,00 |
44,35 |
|
C) DEFERRED
EXPENSES |
|
|
|
|
|
|
|
D) CURRENT
ASSETS |
266.167,51 |
94,96 |
276.438,79 |
56,54 |
256.654,52 |
55,65 |
|
ASSETS (A + B +
C + D) |
280.284,36 |
|
488.884,43 |
|
461.181,52 |
|
|
|
||||||
|
A) SHAREHOLDERS
EQUITY |
23.239,93 |
8,29 |
27.380,25 |
5,60 |
31.232,25 |
6,77 |
|
B) DEFERRED
INCOME |
|
|
|
|
|
|
|
C) PROVISIONS
FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
|
|
D) LONG TERM
LIABILITIES |
|
|
224.226,80 |
45,86 |
203.569,39 |
44,14 |
|
E) SHORT TERM
LIABILITIES |
257.044,43 |
91,71 |
237.277,38 |
48,53 |
226.379,88 |
49,09 |
|
F) SHORT TERM
PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
280.284,36 |
|
488.884,43 |
|
461.181,52 |
|
Financial Balance
Composition
Comments on Financial Balance
In the 2005, the assets of the company were formed in 5,04% of Fixed
Assets and in 94,96% of Current Assets.This assets were financed in 8,29% with
own capitals and in 91,71% with current liabilities.
The result of this financial structure is a positive turnover fund of
9.123,08 Euros, which is equivalent to 3,25% proportion of the companys
total assets.
In the 2006, the assets of the company were formed in 43,46% of Fixed
Assets and in 56,54% of Current Assets.This assets were financed in 5,60% with
own capitals, and in 45,86% with long term debt and in 48,53% with current
liabilities.
The result of this financial structure is a positive turnover fund of
39.161,41 Euros, which is equivalent to 8,01% proportion of the companys
total assets.
This measure has increased with respect to the previous exercise in
329,26% having also increased its proportion with respect to the total assets
of the company.
In the 2007, the assets of the company were formed in 44,35% of Fixed
Assets and in 55,65% of Current Assets.This assets were financed in 6,77% with
own capitals, and in 44,14% with long term debt and in 49,09% with current
liabilities.
The result of this financial structure is a positive turnover fund of
30.274,64 Euros, which is equivalent to 6,56% proportion of the companys
total assets.
This measure has diminished with respect to the previous exercise in
22,69% having also diminished its proportion with respect to the total assets
of the company.
RATIOS
Main Ratios
|
|
31/12/2005 (12) |
31/12/2006 (12) |
31/12/2007 (12) |
|
STRUCTURAL RATIOS |
|
|
|
|
Management fund |
9.123,08 |
39.161,41 |
30.274,64 |
|
Indebtedness (%) |
91,71 |
94,40 |
93,23 |
|
External Funds on Net Worth |
11,06 |
16,86 |
13,77 |
|
GENERAL ACTIVITY RATIO |
|
|
|
|
Turnover Increase (%) |
114,60 |
-34,41 |
15,46 |
|
Added value growth (%) |
132,80 |
-13,91 |
3,06 |
|
Cash Flow |
33.875,45 |
12.984,09 |
12.092,03 |
|
Labour Productivity |
1,83 |
1,31 |
1,46 |
|
Assets turnover |
3,40 |
1,28 |
1,57 |
|
Breakdown Point |
845.078,83 |
602.538,38 |
658.322,12 |
|
Security Margin of the Breakdown Point (%) |
11,44 |
5,92 |
9,06 |
|
ACTIVITY RATIOS |
|
|
|
|
Average Collection Period |
59 |
58 |
10 |
|
Inventory Turnover Period |
40 |
93 |
112 |
|
SOLVENCY RATIOS |
|
|
|
|
Payback Capacity |
0,13 |
0,03 |
0,03 |
|
Assets Guarantee |
1,09 |
1,06 |
1,07 |
|
Short Term Debts Proportion (%) |
100,00 |
51,41 |
52,65 |
|
Interest Coverage |
1,33 |
0,97 |
0,49 |
|
LIQUIDITY RATIOS |
|
|
|
|
Current Ratio |
1,04 |
1,16 |
1,13 |
|
Immediate liquidity |
0,02 |
0,06 |
0,05 |
|
Sales on Current Assets |
1.291 |
815 |
1.014 |
Results Analysis
Ratios
|
|
31/12/2005 (12) |
31/12/2006 (12) |
31/12/2007 (12) |
|
Economic profitability (%) |
12,98 |
4,00 |
6,69 |
|
Operating Profitability (%) |
3,81 |
3,12 |
4,27 |
|
Equity gearing |
3,62 |
5,72 |
2,96 |
|
Financial profitability (%) |
28,47 |
15,12 |
12,33 |
|
General Profitability (%) |
0,69 |
0,66 |
0,53 |
Comments on the
Results Analysis Ratios
The economic profitability in the year2006 achieved a 4,00% positive
level, due to a 3,12% economic margin and to an assets turnover of1,28%.
The economic profitability in the year has reduced from 12,98% up to 4,00%
of2006, even if it remains positive. This fall is due to the decrease in
operating profitability, that has passe from 3,81% to 3,12%, as assets turnover
whose index has passed from 3,40 to 1,28%.
Financial profitability on 2006 achieved a 15,12%.
The companys financial structure has instigated its economic
profitability with an indebtedness level of 5,72.
The general profitability on 2006 achieved a 0,66%.
The economic profitability in the year2007 achieved a 6,69% positive
level, due to a 4,27% economic margin and to an assets turnover of1,57%.
The economic profitability in the year has increased from 4,00% up to
6,69%. This growth is due to the economic margin increase, from 3,12% to the
current 4,27Y%, and to the assets turnover index, which in the last period has
achieved 1,57, compared to 1,28 del 2006.
Financial profitability on 2007 achieved a 12,33%.
The companys financial structure has instigated its economic
profitability with an indebtedness level of 2,96.
The general profitability on 2007 achieved a 0,53%.
SECTORIAL ANΑLYSIS
Large Capital Amounts and Financial Balance
Figures given in %
|
|
COMPANY (2007) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
A) DUE FROM SHAREHOLDERS
FOR UNCALLED CAPITAL |
|
0,03 |
|
|
|
|
|
|
|
|
B) FIXED ASSETS |
44,35 |
32,06 |
12,29 |
38,33 |
|
|
|
|
|
|
C) DEFERRED
EXPENSES |
|
0,42 |
|
|
|
|
|
|
|
|
D) CURRENT
ASSETS |
55,65 |
67,49 |
-11,84 |
-17,54 |
|
|
|
|
|
|
ASSETS (A + B +
C + D) |
100 |
100 |
|
|
|
|
|
|
|
|
|
COMPANY (2007) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
A) SHAREHOLDERS
EQUITY |
6,77 |
40,03 |
-33,26 |
-83,09 |
|
|
|
|
|
|
B) DEFERRED INCOME |
|
0,11 |
|
|
|
|
|
|
|
|
C) PROVISIONS
FOR LIABILITIES AND EXPENSES |
|
0,07 |
|
|
|
|
|
|
|
|
D) LONG TERM
LIABILITIES |
44,14 |
12,92 |
31,22 |
241,75 |
|
|
|
|
|
|
E) SHORT TERM
LIABILITIES |
49,09 |
46,84 |
2,25 |
4,79 |
|
|
|
|
|
|
F) SHORT TERM
PROVISIONS FOR LIABILITIES AND EXPENSES |
|
0,02 |
|
|
|
|
|
|
|
|
LIABILITIES (A +
B + C + D + E + F) |
100 |
100 |
|
|
|
|
|
|
|
Sectorial Financial
Balance Comparison
Comments to the Sectorial Analysis
In the 2007, the assets of the company were formed in 44,35% of fixed assets
and in 55,65Current Assets % In the sector, the proportion of fixed assets was
of 32,51%, 36,42% inferior, and the proportion of current assets was of 67,49%,
17,54% superior.
The assets were financed in the company in 6,77% with own capitals , in
44,14% with fixed liabilities and in 49,09% with current liabilities In the
sector, the self financing represented 40,15%, 83,14% superior. On the other
hand the long term debts represented in the sector an average of 12,99%
financing, with a relative difference of 239,83% in favour of the companyAnd,
short term liabilities represented in the sector an average of 46,86%
financing, with a relative difference of 4,75% in favour of the company
The result of this companys financial structure is a turnover fund that
represents 6,56% of the total assets; in the sector, this same proportion is
20,63%, therefore, we can say that the companys turnover fund is 68,20%
smaller than the sector one.
Analytical Account of Results
Figures given in %
|
|
COMPANY (2007) |
SECTOR |
DIFFERENCE |
DIFFERENCE RELATIVE |
|
Turnover |
99,82 |
98,86 |
0,95 |
0,97 |
|
Other operating income |
0,18 |
1,14 |
-0,96 |
-84,14 |
|
Production Value |
100,00 |
100,00 |
0,00 |
0,00 |
|
Operating expenses |
52,95 |
66,03 |
-13,08 |
-19,81 |
|
Other operation expenses |
29,84 |
13,24 |
16,60 |
125,36 |
|
Added value |
17,21 |
20,73 |
-3,52 |
-16,97 |
|
Labour cost |
11,81 |
14,74 |
-2,93 |
-19,86 |
|
Gross Economic Result |
5,40 |
5,99 |
-0,59 |
-9,86 |
|
Assets depreciation |
1,79 |
1,60 |
0,19 |
11,67 |
|
Variation in provision for current assets and bad debt losses |
-0,65 |
0,17 |
-0,82 |
-486,90 |
|
Net Economic Result |
4,26 |
4,22 |
0,04 |
0,95 |
|
Financial income |
0,01 |
0,37 |
-0,36 |
-97,32 |
|
Financial Charges |
3,42 |
1,33 |
2,09 |
157,92 |
|
Variation in financial investment provision |
|
0,00 |
|
|
|
Ordinary
Activities Result |
0,86 |
3,27 |
-2,41 |
-73,71 |
|
Extraordinary income |
|
0,38 |
|
|
|
Extraordinary charges |
0,15 |
0,13 |
0,02 |
11,94 |
|
Variation in provision in fixed assets |
|
0,00 |
|
|
|
Results before Taxes |
0,71 |
3,51 |
-2,80 |
-79,77 |
|
Corporate taxes |
0,18 |
1,01 |
-0,83 |
-82,16 |
|
Net Result |
0,53 |
2,50 |
-1,97 |
-78,81 |
|
Assets depreciation |
1,79 |
1,60 |
0,19 |
11,67 |
|
Change of Provisions |
-0,65 |
0,17 |
-0,82 |
-489,22 |
|
Net Self-Financing |
1,67 |
4,27 |
-2,60 |
-60,90 |
Main Ratios
|
|
COMPANY (2007) |
PTILE25 |
PTILE50 |
PTILE75 |
|
STRUCTURAL RATIOS |
|
|
|
|
|
Management fund |
30.274,64 |
14,60 |
79,02 |
210,98 |
|
Indebtedness (%) |
93,23 |
51,40 |
71,38 |
84,90 |
|
External Funds on Net Worth |
13,77 |
1,06 |
2,49 |
5,62 |
|
GENERAL ACTIVITY
RATIO |
|
|
|
|
|
Turnover Increase (%) |
15,46 |
-6,72 |
3,45 |
13,73 |
|
Added value growth (%) |
3,06 |
-6,83 |
3,87 |
15,45 |
|
Cash Flow |
12.092,03 |
9,47 |
22,76 |
49,56 |
|
Labour Productivity |
1,46 |
1,17 |
1,32 |
1,62 |
|
Assets turnover |
1,57 |
0,97 |
1,48 |
2,10 |
|
Breakdown Point |
658.322,12 |
327.993,83 |
647.751,04 |
1.143.926,86 |
|
Security Margin of the Breakdown Point (%) |
9,06 |
4,51 |
9,59 |
17,01 |
|
ACTIVITY RATIOS |
|
|
|
|
|
Average Collection Period |
10 |
31 |
66 |
111 |
|
Inventory Turnover Period |
112 |
23 |
59 |
125 |
|
SOLVENCY RATIOS |
|
|
|
|
|
Payback Capacity |
0,03 |
0,04 |
0,07 |
0,15 |
|
Assets Guarantee |
1,07 |
1,16 |
1,39 |
1,93 |
|
Short Term Debts Proportion (%) |
52,65 |
71,53 |
93,50 |
100,00 |
|
Interest Coverage |
0,49 |
2,34 |
5,19 |
15,53 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio |
1,13 |
1,07 |
1,34 |
1,95 |
|
Immediate liquidity |
0,05 |
0,04 |
0,17 |
0,49 |
|
Sales on Current Assets |
1.014 |
484 |
720 |
1.005 |
Results Analysis
Ratios
|
|
COMPANY (2007) |
PTILE25 |
PTILE50 |
PTILE75 |
|
Economic profitability (%) |
6,69 |
2,08 |
4,49 |
8,23 |
|
Operating Profitability (%) |
4,27 |
1,47 |
3,14 |
5,82 |
|
Equity gearing |
2,96 |
1,37 |
2,25 |
4,24 |
|
Financial profitability (%) |
12,33 |
3,44 |
8,33 |
17,24 |
|
General Profitability (%) |
0,53 |
0,58 |
1,42 |
3,33 |
NOTES
BLOQUE DE INVESTIGACION:
-Actividad: venta de ropa.
-La titular cuenta con 3 tiendas en Madrid.
-Realiza importaciones de la India.
ABOUT YOUR REQUEST:
The information included in your enquiry is correct.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.71 |
|
UK Pound |
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.64.70 |
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%)