MIRA
INFORM REPORT
|
Report Date : |
28.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DRAGO TEXTIL SL |
|
|
|
|
Registered Office : |
Calle Sant Sadurni, S/N
08430 La Roca Del Valles (Barcelona) |
|
|
|
|
Country : |
Spain |
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|
|
|
Financials (as on) : |
31.12.2006 |
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|
|
|
Date of Incorporation : |
15.12.1992 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Clothing (Outerwear) |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
DRAGO TEXTIL SL
TAX NUMBER: B60227139
Identification and
Characteristics
|
TAX NUMBER |
B60227139 |
|
NAME |
DRAGO TEXTIL SL |
|
BUSINESS
ADDRESS |
CALLE SANT SADURNI, S/N |
|
Postcode |
08430 LA ROCA DEL VALLES
(Barcelona) |
|
FORMER
ADDRESS |
CALLE GIRONA, 62 |
|
Postcode |
08009 BARCELONA (Barcelona) |
|
URL |
http://www.dragotextil.com |
|
TELEPHONE |
938424556 |
|
FAX |
938424558 |
|
LEGAL FORM |
LIMITED LIABILITY COMPANY |
|
DATE FOUNDED |
15/12/1992 |
|
CAPITAL |
3.005,06 Euros |
|
NUMBER OF
EMPLOYEES |
6 |
|
ACTIVITY |
1613300 - Wholesale of clothing
(outerwear) |
|
CNAE |
5142 - Wholesale of clothing and
footwear |
|
* Characteristics of the main address |
|
|
According to our investigations
dated 30/09/2004 these premises are rented used
as office, warehouse located in a secondary
commercial area . |
|
Synthesis
|
FINANCIAL SITUATION (Year
ending: 31/12/2006) |
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||
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|
|
|
|
|
PROFITABILITY |
|
Nil |
|
|
TREASURY |
Average |
||
|
BALANCE SHEET |
Good |
||
|
DEBT |
Heavy |
||
|
INCIDENTS |
|||
|
|
|
||
|
COMMITMENTS |
Respected |
||
|
INCIDENTS |
None or Negligible |
||
|
PREVIOUS EXPERIENCE |
|
||
|
|
|
|
|
|
PREVIOUS
EXPERIENCE |
7Normal |
||
Credit Appraisal
|
CREDIT ACCORDING TO OBJECTIVE DATA (From 0
to 6.000.000,00 Euros): |
|
FAVOURABLE TOWARDS 34.498,09
Max. |
Financial Elements
Figures given in Euros
|
|
Balance
sheet 2.004 (12) |
Balance
sheet 2.005 (12) |
Balance
sheet 2.006 (12) |
%
Sales |
|
|
SALES |
2.467.075,47 |
3.378.627,73 |
3.469.925,34 |
|
|
|
ADDED VALUE |
150.823,00 |
142.728,26 |
229.366,90 |
6,61 |
|
|
BUSINESS RESULT |
2.421,38 |
-8.606,95 |
1.268,37 |
0,04 |
|
|
OWN FUNDS |
51.628,70 |
43.021,75 |
44.290,12 |
|
|
|
DEBT |
943.078,30 |
916.081,50 |
938.810,72 |
|
|
|
TOTAL ASSET |
994.707,00 |
959.103,25 |
983.100,84 |
|
|
|
The sales of 3.469.925,34
Euros show a change of 2,70% compared with
2.005 . Between 2.004 and 2.005 , this
change was 36,95% . |
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|
|
|||||
|
Added value grew by 60,70% compared
with the previous year. Shareholders equity are 44.290,12
Euros for an indebtedness of 938.810,72 Euros . |
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|
|||||
|
The result 1.268,37
Euros means financial profitability of 2,86% and
economic profitability of 0,13% . This result means growth of
114,74% compared with the 2.005 . |
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|
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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: 28/10/2007 |
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Results Distribution |
|||||
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Annual Report Year Source: 2.006 |
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|
Figures given in Euros |
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|
Distribution Base |
|||||
|
Profit and Loss |
1.268 |
||||
|
Total of Amounts to be
distributed |
1.268 |
||||
|
Distribution a |
|||||
|
Prior years losses |
1.268 |
||||
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.006) |
|
|
|
% of PRODUCTION VALUE |
|
|
|
|
SALES |
99,91 |
98,92 |
0,99 |
|
ADDED VALUE |
6,60 |
17,05 |
-10,45 |
|
BUSINESS RESULT |
0,04 |
2,82 |
-2,78 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN FUNDS |
4,51 |
39,22 |
-34,71 |
|
DEBT |
95,49 |
60,78 |
34,71 |
Compared sector (CNAE): 514 - Wholesale of
household goods
Number of companies: 987
Size (Sales Figure): 2.800.000,00 -
7.000.000,00 Euros
The turnover of the company is 0,99% above the mean for the
sector.
The company’s added value was 6,60% s/ the production value, and
10,45% below the mean for the sector.
The company’s business result was 0,04% of the PV, 2,78%
below the mean for the sector.
The company’s own resources are 4,51% , 34,71% below the
mean for the sector.
The company’s outside resources are 95,49% , 34,71% 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: No significant elemento
Main Board members, Directors and
Auditor
|
Position |
Surname and name |
Date of appointment |
|
SOLE ADMINISTRATOR |
HERREROS GONZALEZ DE CHAVEZ MIGUEL |
30/04/2001 |
Functional Managers
|
Position |
Surname and name |
|
MANAGER |
GARCIA JAIME |
|
FINANCIAL MANAGER |
GARCIA JAIME |
|
COMMERCIAL MANAGER |
CLERMONTS RAUL |
Financial Links
|
Shareholders |
||||
|
Company Name |
|
|
Source |
Information Date |
|
HERREROS GONZALEZ DE CHAVES MIGUEL |
|
Indet. |
OWN SOURCES |
19/09/2007 |
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Registration of accounts (2006) |
04/12/2007 |
118361 |
Barcelona |
|
Registration of accounts (2005) |
08/01/2007 |
053041 |
Barcelona |
|
Registration of accounts (2004) |
07/11/2005 |
855069 |
Barcelona |
|
Registration of accounts (2003) |
01/09/2004 |
293733 |
Barcelona |
|
Registration of accounts (2002) |
06/10/2003 |
538063 |
Barcelona |
Brands, Signs and Commercial
Names
|
Prevailing Brands |
|||||
|
Name: |
BRUEBECK |
||||
|
Kind of Brand: |
DENOMINATIVE |
File: |
M2780104 |
||
|
Request Date: |
28/06/2007 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
REGISTER REQUEST |
|
Types: 25
|
|
||||
|
Name: |
DRAGO TEXTIL |
||||
|
Kind of Brand: |
JOINT |
File: |
M2713787 |
||
|
Request Date: |
26/05/2006 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 25
|
|
||||
|
Name: |
DRAGO TEXTIL |
||||
|
Kind of Brand: |
JOINT |
File: |
M1986566 |
||
|
Request Date: |
22/09/1995 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 24
|
|
||||
|
Name: |
RADIOSONICA |
||||
|
Kind of Brand: |
DENOMINATIVE |
File: |
M1986567 |
||
|
Request Date: |
22/09/1995 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 25
|
|
||||
Total Marcas: 4
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
|
BANCO SANTANDER, S.A. |
4790 |
AV EMILIO LUQUE MORENO 42 APDO. 00000 |
OROTAVA (LA) |
Tenerife |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
|
|
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 28/10/2007
Balance Sheet (ASSETS)
|
(Figures given in Euros) |
31/12/2004 (12) |
31/12/2005 (12) |
31/12/2006 (12) |
|
|
|
A) DUE FROM SHAREHOLDERS FOR UNCALLED
CAPITAL |
|
|
|
|
|
B) FIXED ASSETS |
37.786,54 |
43.766,38 |
40.358,65 |
|
|
I. Establishment expenses |
|
|
|
|
|
II. Intangible assets |
23.864,22 |
23.864,22 |
21.789,07 |
|
|
III. Tangible assets |
13.922,32 |
19.902,16 |
18.569,58 |
|
|
IV. Financial assets |
|
|
|
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term trade liabilities |
|
|
|
|
|
C) DEFERRED EXPENSES |
722,07 |
356,25 |
68,85 |
|
|
D) CURRENT ASSETS |
956.198,39 |
914.980,62 |
942.673,34 |
|
|
I. Not paid in shareholder capital |
|
|
|
|
|
II. Inventory |
617.743,76 |
555.451,41 |
603.456,23 |
|
|
III. Debtors |
302.133,09 |
278.463,14 |
280.912,98 |
|
|
IV. Short term financial assets |
|
|
|
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
36.321,54 |
81.066,07 |
58.304,13 |
|
|
VII. Prepaid expenses and accrued income |
|
|
|
|
|
ASSETS (A + B + C + D) |
994.707,00 |
959.103,25 |
983.100,84 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros) |
31/12/2004 (12) |
31/12/2005 (12) |
31/12/2006 (12) |
|
|
|
A) SHAREHOLDERS EQUITY |
51.628,70 |
43.021,75 |
44.290,12 |
|
|
I. Capital |
3.005,06 |
3.005,06 |
3.005,06 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
28.171,90 |
30.593,28 |
30.593,28 |
|
|
Sundry reserves |
28.171,90 |
30.593,28 |
30.593,28 |
|
|
V. Prior year earnings |
18.030,36 |
18.030,36 |
9.423,41 |
|
|
VI. Prior year profit or losses |
2.421,38 |
-8.606,95 |
1.268,37 |
|
|
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 |
12.921,00 |
6.747,48 |
476,76 |
|
|
E) SHORT TERM LIABILITIES |
930.157,30 |
909.334,02 |
938.333,96 |
|
|
F) SHORT TERM PROVISIONS FOR LIABILITIES AND
EXPENSES |
|
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
994.707,00 |
959.103,25 |
983.100,84 |
Profit and Loss Account
|
(Figures given in Euros) |
31/12/2004 (12) |
31/12/2005 (12) |
31/12/2006 (12) |
|
|
|
A) EXPENSES (A.1 a A.15) |
2.471.974,93 |
3.422.300,99 |
3.472.731,77 |
|
|
A.1 Operating Expenses |
1.934.462,73 |
2.555.098,58 |
2.518.534,37 |
|
|
A.3. Labor cost |
100.695,66 |
121.289,46 |
141.951,48 |
|
|
Wages |
76.718,97 |
90.308,51 |
109.754,44 |
|
|
Social security expenses |
23.976,69 |
30.980,95 |
32.197,04 |
|
|
A.3. Assets depreciation |
5.570,59 |
3.833,08 |
6.940,83 |
|
|
A.4. Variance in provision for current assets |
|
|
4.904,24 |
|
|
A.5. Other operating costs |
384.580,70 |
683.591,85 |
725.225,03 |
|
|
A.I. OPERATING RESULT
(B.1-A.1-A.2-A.3-A.4-A.5) |
44.556,75 |
17.605,72 |
75.570,35 |
|
|
A.6. Financial expenses |
42.773,92 |
61.689,98 |
72.411,31 |
|
|
Debts with related companies |
|
|
42.755,98 |
|
|
Other companies debts |
42.773,92 |
61.689,98 |
29.655,33 |
|
|
A.7. Variation in financial investments provision |
|
|
|
|
|
A.8. Exchange losses |
3.014,32 |
18,13 |
2.089,10 |
|
|
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) |
|
|
1.102,06 |
|
|
A.9. Variation in provision in fixed assets |
|
|
|
|
|
A.10. Losses in fixed assets |
|
|
|
|
|
A.11. Losses from shares and bonds |
|
|
|
|
|
A.12. Extraordinary charges |
290,46 |
468,61 |
131,82 |
|
|
A.13. Prior year’s 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) |
4.136,50 |
29.390,24 |
709,90 |
|
|
A.V. EARNINGS / LOSS BEFORE TAXES
(A.III+A.IV-B.III-B.IV) |
3.007,93 |
|
1.811,96 |
|
|
A.14. Corporate Taxes |
586,55 |
-3.688,70 |
543,59 |
|
|
A.15. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT) (A.V-A.14-A.15) |
2.421,38 |
|
1.268,37 |
|
|
B) INCOMES (B.1 a B.8) |
2.474.396,31 |
3.413.694,04 |
3.474.000,14 |
|
|
B.1. Operating income |
2.469.866,43 |
3.381.418,69 |
3.473.126,30 |
|
|
Turnover |
2.467.075,47 |
3.378.627,73 |
3.469.925,34 |
|
|
Other operating income |
2.790,96 |
2.790,96 |
3.200,96 |
|
|
B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
|
B.2. Financial Income |
19,93 |
23,89 |
21,81 |
|
|
Other |
19,93 |
23,89 |
21,81 |
|
|
B.3. Gains on exchange |
82,99 |
2.392,61 |
10,31 |
|
|
B.II. FINANCIAL LOSSES (A.6+A.7+A.8-B.2-B.3) |
45.685,32 |
59.291,61 |
74.468,29 |
|
|
B.III. LOSSES FROM ORDINARY ACTIVITIES
(B.I+B.II-A.I-A.II) |
1.128,57 |
41.685,89 |
|
|
|
B.4. Gains from disposal of fixed assets |
|
|
|
|
|
B.5. Gains from dealing in own shares |
|
|
|
|
|
B.6. Paid in surplus |
|
|
|
|
|
B.7. Extraordinary income |
4.426,96 |
29.858,85 |
841,72 |
|
|
B.8. Prior year’s income and profits |
|
|
|
|
|
B.IV. 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) |
|
12.295,65 |
|
|
|
B.VI. NET LOSS (B.V+A.14+A.15) |
|
8.606,95 |
|
Main
Ratios
|
(Figures given in Euros) |
2.004 (12) |
2.005 (12) |
2.006 (12) |
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
9,35 |
36,95 |
2,70 |
|
|
Assets Turnover |
2,48 |
3,52 |
3,53 |
|
|
Productivity |
1,50 |
1,18 |
1,62 |
|
|
Increase of the Added Value |
0,21 |
-5,37 |
60,70 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
0,24 |
-0,90 |
0,13 |
|
|
Financial Profitability |
4,69 |
-20,01 |
2,86 |
|
|
Financial Expenses |
1,73 |
1,83 |
2,09 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
44,00 |
30,00 |
29,00 |
|
|
Suppliers’ Credit (In days of sales) |
|
|
|
|
|
Working Capital (In days of sales) |
4,00 |
1,00 |
0,00 |
|
|
Working Capital Requirement (In days of sales) |
0,00 |
0,00 |
0,00 |
|
|
Treasury (In days of sales) |
5,00 |
9,00 |
6,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
26.041,09 |
5.646,60 |
4.339,38 |
|
|
Working Capital Requirement |
-10.280,45 |
-75.419,47 |
-53.964,75 |
|
|
Treasury |
36.321,54 |
81.066,07 |
58.304,13 |
|
|
Balance Ratio |
1,68 |
1,13 |
1,11 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
94,81 |
95,51 |
95,50 |
|
|
Own / Permanent Funds |
79,98 |
86,44 |
98,94 |
|
|
Payback Capacity |
0,38 |
0,27 |
0,27 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,03 |
1,01 |
1,00 |
|
|
Immediate Liquidity |
0,04 |
0,09 |
0,06 |
Sectorial Analysis
Summary of Assets, Liability & Equity
|
(Figures given in Percentages) |
Company |
Sector |
Difference |
|
|
2.006 |
|
|
|
Assets |
|||
|
A) DUE FROM SHAREHOLDERS
FOR UNCALLED CAPITAL |
0,00 |
0,02 |
-0,02 |
|
B) FIXED ASSETS |
4,11 |
23,81 |
-19,70 |
|
C) ACCRUED EXPENSES |
0,01 |
0,29 |
-0,28 |
|
D) CURRENT ASSETS |
95,89 |
75,86 |
20,03 |
|
TOTAL ASSETS (A + B + C +
D) |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
A) SHAREHOLDERS EQUITY |
4,51 |
39,22 |
-34,71 |
|
B) ACCRUED INCOME |
0,00 |
0,13 |
-0,13 |
|
C) RISK AND EXPENDITURE
COVER |
0,00 |
0,12 |
-0,12 |
|
D) LONG-TERM CREDITORS |
0,05 |
8,99 |
-8,94 |
|
E) SHORT-TERM CREDITORS |
95,45 |
51,44 |
44,01 |
|
F) SHORT-TERM RISK AND
EXPENDITURE COVER |
0,00 |
0,06 |
-0,06 |
|
TOTAL LIABILITIES (A + B +
C + D + E + F) |
100,00 |
100,00 |
0,00 |
Analytical Account of Results
|
(Figures given in Percentages) |
Company |
Sector |
Difference |
|
|
2.006 |
|
|
|
Net turnover |
99,91 |
98,92 |
0,99 |
|
Other operating income |
0,09 |
1,07 |
-0,98 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
72,51 |
70,54 |
1,97 |
|
Other operation expenses |
20,88 |
12,39 |
8,49 |
|
Added value |
6,60 |
17,05 |
-10,45 |
|
Labor cost |
4,09 |
11,07 |
-6,98 |
|
Gross Economic Result |
2,52 |
5,98 |
-3,46 |
|
Assets depreciation |
0,20 |
1,23 |
-1,03 |
|
Variation in provision for current assets |
0,14 |
0,22 |
-0,08 |
|
Net Economic Result |
2,18 |
4,52 |
-2,34 |
|
Financial income |
0,00 |
0,63 |
-0,63 |
|
Financial expenses |
2,15 |
1,31 |
0,84 |
|
Variation in financial investment provision |
0,00 |
0,00 |
-0,00 |
|
Ordinary Activities Result |
0,03 |
3,84 |
-3,81 |
|
Extraordinary income |
0,02 |
0,39 |
-0,37 |
|
Extraordinary expenses |
0,00 |
0,17 |
-0,17 |
|
Variation in provision in fixed assets |
0,00 |
0,02 |
-0,02 |
|
Results before Taxes |
0,05 |
4,03 |
-3,98 |
|
Corporaye taxes |
0,02 |
1,20 |
-1,18 |
|
Net Result |
0,04 |
2,82 |
-2,78 |
|
Assets depreciation |
0,20 |
1,23 |
-1,03 |
|
Provisions fund variation |
0,14 |
0,25 |
-0,11 |
|
Net Self-Financing |
0,38 |
4,32 |
-3,94 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.006 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
2,70 |
-6,54 |
2,88 |
13,09 |
|
Assets Turnover |
3,53 |
1,17 |
1,60 |
2,16 |
|
Fixed Assets Turnover |
85,83 |
4,86 |
10,39 |
26,90 |
|
Increase of the Added Value |
60,70 |
-7,90 |
4,33 |
17,85 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,62 |
1,24 |
1,50 |
1,93 |
|
Change of Personnel Costs |
17,04 |
-0,53 |
7,34 |
17,97 |
|
Average Personnel Costs |
28.390,30 |
19.730,00 |
25.140,00 |
32.460,00 |
|
Value Added by Employees |
45.873,38 |
28.850,00 |
38.840,00 |
55.330,00 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
13.113,44 |
61.430,00 |
120.700,00 |
240.430,00 |
|
Operating Cash Flow |
87.415,42 |
97.940,00 |
191.630,00 |
340.200,00 |
|
Change in Cash Flow |
374,69 |
-28,15 |
-1,31 |
25,92 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
0,13 |
1,10 |
2,78 |
5,63 |
|
Financial Profitability |
2,86 |
4,21 |
9,62 |
17,71 |
|
Financial Expenses |
2,09 |
0,31 |
0,85 |
1,65 |
|
Gross Economic Profitability |
8,89 |
4,43 |
7,58 |
12,14 |
|
Gross Financial Profitability |
197,37 |
13,39 |
26,37 |
44,31 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
29,00 |
48,17 |
85,12 |
122,60 |
|
Suppliers’ Credit (In days of sales) |
|
0,00 |
0,00 |
0,00 |
|
Working Capital (In days of sales) |
0,00 |
17,81 |
43,04 |
89,47 |
|
Working Capital Requirement (In days of sales) |
0,00 |
-1,87 |
24,63 |
63,49 |
|
Treasury (In days of sales) |
6,00 |
4,50 |
15,47 |
38,41 |
|
Operating Current Assets |
97,00 |
126,93 |
176,41 |
237,62 |
|
BALANCE |
|
|
|
|
|
Working Capital |
4.339,38 |
183.470,00 |
469.880,00 |
1.013.710,00 |
|
Working Capital Requirement |
-53.964,75 |
-19.050,00 |
255.230,00 |
705.640,00 |
|
Treasury |
58.304,13 |
49.870,00 |
161.860,00 |
435.730,00 |
|
Balance Ratio |
1,11 |
1,34 |
2,37 |
5,26 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
95,50 |
47,35 |
68,61 |
80,98 |
|
Own / Permanent Funds |
98,94 |
67,61 |
92,51 |
100,00 |
|
Payback Capacity |
0,27 |
0,25 |
0,36 |
0,53 |
|
Long term Indebtedness |
0,05 |
0,00 |
2,35 |
11,58 |
|
Gearing |
2.219,68 |
190,70 |
322,74 |
540,77 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
1,05 |
1,22 |
1,45 |
2,10 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,00 |
1,12 |
1,34 |
1,89 |
|
Immediate Liquidity |
0,06 |
0,05 |
0,15 |
0,41 |
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 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%)