MIRA
INFORM REPORT
|
Report Date : |
30.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AGUSTI CM SL |
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Formerly Known As : |
MANXA INDUSTRIAL |
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Registered Office : |
Calle Antoni Llopis, 14 17800 Olot (Gerona) |
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Country : |
Spain |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
17/10/1978 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of Radioelectric Appliance |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
AGUSTI CM SL
TAX NUMBER: B17039124
Identification and
Characteristics
TAX NUMBER B17039124
NAME AGUSTI
CM SL
TRADE NAME MANXA
INDUSTRIAL
FORMER NAME AGUSTI
CM S.A.
BUSINESS ADDRESS CALLE
ANTONI LLOPIS, 14
Postcode 17800
OLOT (Gerona)
URL http://www.manxa.es
TELEPHONE 972274529
FAX 972580060
LEGAL FORM LIMITED
LIABILITY COMPANY
DATE FOUNDED 17/10/1978
CAPITAL 61.926,20 Euros
NUMBER OF EMPLOYEES 96
ACTIVITY 1615400 - Wholesale
of radioelectric appliance
CNAE 5143 - Wholesale
of electrical household appliances and radio and
television
goods
IMPORT COMPANY YES
* Characteristics
of the main address
According to our
investigations dated 29/01/2008 these premises are rented
used as store located in a secondary commercial
area .
Synthesis
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FINANCIAL SITUATION (Year
ending: 31/12/2006) |
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PROFITABILITY |
Average |
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TREASURY |
Excellent |
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BALANCE SHEET |
Excellent |
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DEBT |
Low |
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INCIDENTS |
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COMMITMENTS |
Respected |
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INCIDENTS |
None or Negligible |
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PREVIOUS EXPERIENCE |
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PREVIOUS
EXPERIENCE |
Favourable |
Credit Appraisal
CREDIT ACCORDING TO OBJECTIVE DATA (From 0
to 6.000.000,00 Euros):
FAVOURABLE TOWARDS 368.997,39
Max.
Financial Elements
Figures given in Euros
|
|
Balance
sheet 2.004 (12) |
Balance
sheet 2.005 (12) |
Balance
sheet 2.006 (12) |
%
Sales |
|
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SALES |
12.381.003,44 |
12.842.878,07 |
14.013.376,75 |
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|
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ADDED VALUE |
3.518.917,40 |
3.523.359,69 |
3.802.712,22 |
27,14 |
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BUSINESS RESULT |
896.461,01 |
772.731,63 |
874.545,72 |
6,24 |
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OWN FUNDS |
3.777.480,41 |
3.550.212,04 |
3.424.757,76 |
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|
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DEBT |
3.080.573,12 |
2.867.030,31 |
3.964.127,57 |
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|
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TOTAL ASSET |
6.858.053,53 |
6.417.242,35 |
7.388.885,33 |
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|
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The sales of 14.013.376,75
Euros show a change of 9,11% compared with
2.005 . Between 2.004 and 2.005 , this
change was 3,73% . |
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Added value grew by 7,93% compared
with the previous year. Shareholders equity are 3.424.757,76
Euros for an indebtedness of 3.964.127,57 Euros
. |
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The result 874.545,72
Euros means financial profitability of 25,54% and
economic profitability of 11,84% . This result means growth of
13,18% compared with the 2.005 . |
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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: 09/01/2008 |
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Results Distribution |
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Annual Report Year Source: 2.005 |
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Figures given in Euros |
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Distribution Base |
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Profit and Loss |
772.732 |
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Total of Amounts to be
distributed |
772.732 |
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Distribution a |
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Voluntary Reserve |
772.732 |
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Auditors’ opinion: |
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FAVOURABLE (2.005) |
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Auditors: |
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SAFONT AUDITORS ASSOCIATS S.L |
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Comparative Sector Analysis
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Company |
Sector |
Difference |
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(2.006) |
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% of PRODUCTION VALUE |
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SALES |
99,80 |
98,43 |
1,37 |
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ADDED VALUE |
27,08 |
15,12 |
11,96 |
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BUSINESS RESULT |
6,23 |
3,09 |
3,14 |
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% OF TOTAL ASSETS |
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OWN FUNDS |
46,35 |
38,48 |
7,87 |
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DEBT |
53,65 |
61,52 |
-7,87 |
Compared sector (CNAE): 514 - Wholesale of
household goods
Number of companies: 635
Size (Sales Figure): 7.000.000,00 -
40.000.000,00 Euros
The turnover of the company is 1,37%
above the mean for the sector.
The company’s added value was 27,08%
s/ the production value, and 11,96% above the mean for the sector.
The company’s business result was
6,23% of the PV, 3,14% above the mean for the sector.
The company’s own resources are 46,35%
, 7,87% above the mean for the sector.
The company’s outside resources are
53,65% , 7,87% below the mean for the sector.
Legal Actions
No legal
incidences registered for this company in the official source
No claims
registered for this company in the official sources
AFFECTED BY:
1 Company / Companies in Insolvency Proceedings
Main Board members, Directors and
Auditor
|
Position |
Surname and name |
Date of
appointment |
|
SOLE ADMINISTRATOR |
AGUSTI ALFARA JOAN BARTOMEU |
11/08/2000 |
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AUDITOR |
TAX CONSULTING I AUDITORIA SOCIEDAD
LIMITADA |
06/06/2007 |
Functional Managers
|
Position |
Surname and name |
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FINANCIAL MANAGER |
PAGES XAVIER |
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COMMERCIAL MANAGER |
RIBERA JAUME |
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COMPUTING MANAGER |
COLL MIQUEL |
Financial Links
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Shareholders |
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Company Name |
CIF/Country |
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Source |
Information Date |
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MANXA 1.901 SOCIETAT LIMITADA. |
B17627316 |
99,98% |
M.REGISTER |
31/12/2005 |
|
AGUSTI ALFARA JOAN BARTOMEU |
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Indet. |
M.REGISTER |
31/12/2001 |
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COLL MASO MIQUEL |
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Indet. |
M.REGISTER |
31/12/2001 |
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Shareholdings |
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Company Name |
CIF/Country |
Percent. |
Source |
Information Date |
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DETALLISTES ELECTRODOMESTICS DE GIRONA S.A. |
A17046772 |
4,96% |
M.REGISTER |
31/12/2006 |
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COOPERATIVA DE FERRETEROS ASOCIADOS CATALANES SDAD COOP CATALANA |
F08234684 |
Indet. |
M.REGISTER |
31/12/2001 |
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Registration of accounts (2006) |
14/01/2008 |
023703 |
Gerona |
|
Officially Cancelling of an appointment |
06/06/2007 |
307912 |
Gerona |
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Appointments |
06/06/2007 |
307912 |
Gerona |
|
Registration of accounts (2005) |
15/12/2006 |
028283 |
Gerona |
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Registration of accounts (2004) |
12/01/2006 |
023353 |
Gerona |
Complementary Information
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Segun BORME (SECCION SEGUNDA) del 10/06/04 la sociedad esta en pro- |
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ceso de escision parcial siendo beneficiaria ESPAIS PER A SERVEIS S.L. |
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NIF B17256793. |
Remarks for customer
The address included in your enquiry (Crta Les Tries,85 Olot 17800
Gerona) belongs to a branch. The name included in your enquiry (MANXA
INDUSTRIAL) belongs to the trade name of the company
Branches
|
Address |
Postal Code |
Town |
Province |
|
LES TRIES 85 |
17800 |
OLOT |
Gerona |
Commercial Experience
General Information
Foundation Year 1900
Founder Bartolome Agusti
PURCHASES
Import Percentage: 20%
Imports::
CEE
SALES
Collection (estimated)
Cash sales percentage 100 %
Suppliers International
MANXA 1901 S.L
ESPAIS PER A SERVEIS S.L
FERROS AGUSTI S.L
FERROS AGUSTI SL
ESPAIS PER A SERVEIS SL
Total 6
Clients International
MANXA 1901 S.L
MANXA FERRALLATS S.L
FERROS AGUSTI S.L
ESPAIS PER A SERVEIS S.L
FERROS AGUSTI, S.L.
Total 9
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
0841 |
BISBE LORENZANA, 9 |
OLOT |
Gerona |
|
BANCO POPULAR ESPAŃOL, S.A. |
0053 |
OBISPO LORENZANA, 8 |
OLOT |
Gerona |
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BANCO SANTANDER, S.A. |
0034 |
CL SAN RAFAEL 8-10 APDO. 00003 |
OLOT |
Gerona |
|
CAJA DE AHORROS Y PENSIONES DE BARCELONA |
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|
OLOT |
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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 09/01/2008
Balance Sheet (ASSETS)
|
(Figures given in Euros) |
31/12/2004 (12) |
31/12/2005 (12) |
31/12/2006 (12) |
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A) DUE FROM SHAREHOLDERS FOR UNCALLED CAPITAL |
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|
|
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B) FIXED ASSETS |
739.443,07 |
679.499,88 |
697.379,97 |
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I. Establishment expenses |
0,09 |
307,50 |
86.310,44 |
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II. Intangible assets |
107.481,04 |
119.774,19 |
27.910,79 |
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Software |
16.758,19 |
17.689,19 |
42.560,35 |
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Leasing |
114.196,15 |
114.196,15 |
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Amortization |
-23.473,30 |
-12.111,15 |
-14.649,56 |
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III. Tangible assets |
427.909,09 |
339.289,19 |
344.254,70 |
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Machinery, equipment and other |
149.455,98 |
147.930,19 |
152.269,52 |
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Other property plant and equipement |
929.163,90 |
944.332,56 |
974.846,88 |
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Prepaid expenses on fixed assets |
2.821,00 |
|
|
|
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Other assets |
477.950,35 |
511.495,56 |
515.462,09 |
|
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Depreciation |
-1.131.482,14 |
-1.264.469,12 |
-1.298.323,79 |
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IV. Financial assets |
204.052,85 |
220.129,00 |
238.904,04 |
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Shares in associated companies |
202.555,47 |
215.182,98 |
229.527,22 |
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|
Long term deposits and guarantees |
5.413,06 |
7.821,06 |
10.831,06 |
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Provisions |
-3.915,68 |
-2.875,04 |
-1.454,24 |
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V. Owners equity |
|
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VI. Long term trade liabilities |
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|
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C) DEFERRED EXPENSES |
|
|
|
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D) CURRENT ASSETS |
6.118.610,46 |
5.737.742,47 |
6.691.505,36 |
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I. Not paid in shareholder capital |
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|
|
|
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II. Inventory |
2.779.357,19 |
2.933.209,32 |
3.033.053,21 |
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|
Goods available for sale |
2.830.423,04 |
3.003.932,82 |
3.103.776,71 |
|
|
Cash advance |
955,40 |
955,40 |
955,40 |
|
|
Provisions |
-52.021,25 |
-71.678,90 |
-71.678,90 |
|
|
III. Debtors |
2.672.881,89 |
2.644.561,90 |
3.538.232,29 |
|
|
Clients |
2.736.042,09 |
2.749.206,27 |
3.639.476,77 |
|
|
Other debts |
13.977,88 |
|
5.107,40 |
|
|
Labor costs |
4.804,26 |
3.154,01 |
6.902,25 |
|
|
Provisions |
-81.942,34 |
-107.798,38 |
-113.254,13 |
|
|
IV. Short term financial assets |
|
2.100,00 |
10.517,53 |
|
|
Short term investment |
|
2.100,00 |
10.517,53 |
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
652.632,06 |
141.758,14 |
105.997,63 |
|
|
VII. Prepaid expenses and accrued income |
13.739,32 |
16.113,11 |
3.704,70 |
|
|
ASSETS (A + B + C + D) |
6.858.053,53 |
6.417.242,35 |
7.388.885,33 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros) |
31/12/2004 (12) |
31/12/2005 (12) |
31/12/2006 (12) |
|
|
|
A) SHAREHOLDERS EQUITY |
3.777.480,41 |
3.550.212,04 |
3.424.757,76 |
|
|
I. Capital |
61.926,20 |
61.926,20 |
61.926,20 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
65.668,40 |
65.668,40 |
65.668,40 |
|
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IV. Reserves |
2.753.424,80 |
2.649.885,81 |
2.422.617,44 |
|
|
Retained earnings |
57.052,91 |
57.052,91 |
57.052,91 |
|
|
Other funds |
2.696.367,28 |
2.592.828,29 |
2.365.559,92 |
|
|
Capital adjustments in Euros |
4,61 |
4,61 |
4,61 |
|
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V. Prior year earnings |
|
|
|
|
|
VI. Prior year profit or losses |
896.461,01 |
772.731,63 |
874.545,72 |
|
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VII. Dividend paid during the year |
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VIII. Own shares for change in capital |
|
|
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B) DEFERRED INCOME |
|
|
|
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C) PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
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|
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D) LONG TERM LIABILITIES |
|
|
|
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|
I. Bonds |
|
|
|
|
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II. Bank loans |
|
|
|
|
|
III. Debts with associed and affiliated companies |
|
|
|
|
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IV. Other creditors |
|
|
|
|
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V. Deferred debts on shares |
|
|
|
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VI. Long term debt with creditor |
|
|
|
|
|
E) SHORT TERM LIABILITIES |
3.080.573,12 |
2.867.030,31 |
3.964.127,57 |
|
|
I. Negotiable bonds |
|
|
|
|
|
II. Bank loans |
309.704,21 |
|
|
|
|
Loans and other debts |
309.704,21 |
|
|
|
|
III. Short term debts with associated and affiliated companies |
736.851,09 |
734.971,37 |
1.888.045,76 |
|
|
With affiliated companies |
736.851,09 |
734.971,37 |
1.888.045,76 |
|
|
IV. Trade creditors |
1.718.283,42 |
1.826.253,64 |
1.770.550,98 |
|
|
Accounts payable |
3.630,89 |
3.358,98 |
10.298,48 |
|
|
Expenses |
528.210,67 |
739.931,30 |
1.752.459,29 |
|
|
Bills payable |
1.186.441,86 |
1.082.963,36 |
7.793,21 |
|
|
V. Other non trade payables |
315.734,40 |
305.805,30 |
305.530,83 |
|
|
Government |
272.670,43 |
257.297,02 |
263.063,95 |
|
|
Other debts |
|
1.333,39 |
|
|
|
Accounts receivable |
43.063,97 |
47.174,89 |
42.466,88 |
|
|
VI. Provisions for current assets |
|
|
|
|
|
VII. Accruals and deferred incomes |
|
|
|
|
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F) SHORT TERM PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
6.858.053,53 |
6.417.242,35 |
7.388.885,33 |
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.16) |
11.586.007,37 |
12.219.327,05 |
13.364.598,65 |
|
|
A.1. Change in stocks of finished goods and work in progress |
|
|
|
|
|
A.2. Supplies |
7.983.737,06 |
8.364.782,06 |
9.251.710,71 |
|
|
Material consumed |
7.983.737,06 |
8.364.782,06 |
9.251.710,71 |
|
|
A.3. Labor cost |
1.970.625,23 |
2.155.592,46 |
2.345.093,97 |
|
|
Wages |
1.524.340,49 |
1.692.602,19 |
1.803.621,84 |
|
|
Social security expenses |
446.284,74 |
462.990,27 |
541.472,13 |
|
|
A.4. Assets depreciation |
202.262,12 |
162.228,07 |
159.408,97 |
|
|
A.5 Variance in provision for current assets |
24.376,61 |
45.513,69 |
5.455,75 |
|
|
Variance in provision for inventory |
3.439,63 |
19.657,65 |
|
|
|
Variance in provision for bad debts |
20.936,98 |
25.856,04 |
5.455,75 |
|
|
A.6. Other operating costs |
904.510,80 |
980.210,03 |
1.096.902,13 |
|
|
External costs |
893.200,11 |
968.262,45 |
1.085.878,38 |
|
|
Taxes |
11.310,69 |
11.947,58 |
11.023,75 |
|
|
A.I. OPERATING RESULT (B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6) |
1.321.653,44 |
1.160.025,47 |
1.292.753,53 |
|
|
A.7. Financial expenses |
14.206,37 |
47.139,53 |
50.868,67 |
|
|
Debts with related companies |
5.611,64 |
46.013,37 |
|
|
|
Other companies debts |
8.594,73 |
|
50.085,34 |
|
|
Losses from financial investments |
|
1.126,16 |
783,33 |
|
|
A.8. Variation in financial investments provision |
|
|
-1.420,80 |
|
|
A.9. Exchange losses |
0,36 |
2.202,94 |
6,07 |
|
|
A.II. POSITIVE FINANCIAL RESULTS (B.5+B.6+B.7+B.8-A.7-A.8-A.9) |
50.962,39 |
20.585,25 |
26.190,01 |
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II) |
1.372.615,83 |
1.180.610,72 |
1.318.943,54 |
|
|
A.10. Variation in provision in fixed assets |
-526,36 |
-1.040,64 |
|
|
|
A.11. Losses in fixed assets |
11.874,08 |
51.103,45 |
8.818,96 |
|
|
A.12. Losses from shares and bonds |
|
|
|
|
|
A.13. Extraordinary charges |
|
|
|
|
|
A.14. Prior year’s expenses and losses |
2.660,44 |
2.821,00 |
197,89 |
|
|
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) |
|
895,37 |
3.158,51 |
|
|
A.V. EARNINGS / LOSS BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
1.368.741,67 |
1.181.506,09 |
1.322.102,05 |
|
|
A.15. Corporate Taxes |
472.842,04 |
408.774,46 |
447.556,33 |
|
|
A.16. Other taxes |
-561,38 |
|
|
|
|
A.VI. YEAR END RESULT (PROFIT) (A.V-A.15-A.16) |
896.461,01 |
772.731,63 |
874.545,72 |
|
|
B) INCOMES (B.1 a B13) |
12.482.468,38 |
12.992.058,68 |
14.239.144,37 |
|
|
B.1. Turnover |
12.381.003,44 |
12.842.878,07 |
14.013.376,75 |
|
|
Sales |
12.364.577,00 |
12.823.451,60 |
13.992.773,70 |
|
|
Services provided |
21.095,75 |
20.206,84 |
21.823,74 |
|
|
Discounts |
-4.669,31 |
-780,37 |
-1.220,69 |
|
|
B.2. Increase in inventory of finished goods |
|
|
110.134,76 |
|
|
B.3. Expenses capitalized |
|
|
|
|
|
B.4. Other operating income |
26.161,82 |
25.473,71 |
27.813,55 |
|
|
Other incomes |
26.161,82 |
25.473,71 |
27.813,55 |
|
|
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 |
|
166,18 |
743,29 |
|
|
From affiliated companies |
|
166,18 |
|
|
|
From other companies |
|
|
743,29 |
|
|
B.6. Income from securities |
|
|
|
|
|
B.7. Other income from interrest |
65.075,67 |
69.761,54 |
74.900,66 |
|
|
From affiliated companies |
|
68.803,17 |
|
|
|
From other companies |
65.075,67 |
958,37 |
74.900,66 |
|
|
B.8. Gains on exchange |
93,45 |
|
|
|
|
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 |
6.155,14 |
51.018,42 |
4.814,21 |
|
|
B.10. Gains from dealing in own shares |
|
|
|
|
|
B.11. Paid in surplus |
|
|
|
|
|
B.12. Extraordinary income |
3.494,70 |
911,00 |
7.306,63 |
|
|
B.13. Prior year’s income and profits |
484,16 |
1.849,76 |
54,52 |
|
|
B.IV. EXTRAORDINARY LOSSES (A.10+A.11+A.12+A.13+A.14-B.9-B.10-B.11-B.12-B.13) |
3.874,16 |
|
|
|
|
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 Euros) |
2.004 (12) |
2.005 (12) |
2.006 (12) |
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
6,22 |
3,73 |
9,11 |
|
|
Assets Turnover |
1,81 |
2,00 |
1,90 |
|
|
Productivity |
1,79 |
1,64 |
1,62 |
|
|
Increase of the Added Value |
8,93 |
0,13 |
7,93 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
13,07 |
12,04 |
11,84 |
|
|
Financial Profitability |
23,73 |
21,77 |
25,54 |
|
|
Financial Expenses |
0,12 |
0,37 |
0,36 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
78,00 |
74,00 |
91,00 |
|
|
Suppliers’ Credit (In days of sales) |
77,00 |
79,00 |
70,00 |
|
|
Working Capital (In days of sales) |
88,00 |
80,00 |
70,00 |
|
|
Working Capital Requirement (In days of sales) |
78,00 |
76,00 |
67,00 |
|
|
Treasury (In days of sales) |
10,00 |
4,00 |
3,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
3.038.037,34 |
2.870.712,16 |
2.727.377,79 |
|
|
Working Capital Requirement |
2.695.109,49 |
2.726.854,02 |
2.610.862,63 |
|
|
Treasury |
342.927,85 |
143.858,14 |
116.515,16 |
|
|
Balance Ratio |
5,11 |
5,23 |
4,91 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
44,92 |
44,68 |
53,65 |
|
|
Own / Permanent Funds |
100,00 |
100,00 |
100,00 |
|
|
Payback Capacity |
0,24 |
0,22 |
0,28 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,99 |
2,00 |
1,69 |
|
|
Immediate Liquidity |
0,21 |
0,05 |
0,03 |
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 |
0,07 |
-0,07 |
|
B) FIXED ASSETS |
9,44 |
20,07 |
-10,63 |
|
C) ACCRUED EXPENSES |
0,00 |
0,26 |
-0,26 |
|
D) CURRENT ASSETS |
90,56 |
79,58 |
10,98 |
|
TOTAL ASSETS (A + B + C + D) |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
A) SHAREHOLDERS EQUITY |
46,35 |
38,48 |
7,87 |
|
B) ACCRUED INCOME |
0,00 |
0,12 |
-0,12 |
|
C) RISK AND EXPENDITURE COVER |
0,00 |
0,18 |
-0,18 |
|
D) LONG-TERM CREDITORS |
0,00 |
6,36 |
-6,36 |
|
E) SHORT-TERM CREDITORS |
53,65 |
54,83 |
-1,18 |
|
F) SHORT-TERM RISK AND EXPENDITURE COVER |
0,00 |
0,01 |
-0,01 |
|
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 |
99,80 |
98,43 |
1,37 |
|
Other operating income |
0,20 |
1,56 |
-1,36 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
65,11 |
72,34 |
-7,23 |
|
Other operation expenses |
7,81 |
12,53 |
-4,72 |
|
Added value |
27,08 |
15,12 |
11,96 |
|
Labor cost |
16,70 |
8,97 |
7,73 |
|
Gross Economic Result |
10,38 |
6,14 |
4,24 |
|
Assets depreciation |
1,14 |
1,11 |
0,03 |
|
Variation in provision for current assets |
0,04 |
0,27 |
-0,23 |
|
Net Economic Result |
9,21 |
4,74 |
4,47 |
|
Financial income |
0,54 |
0,65 |
-0,11 |
|
Financial expenses |
0,35 |
1,01 |
-0,66 |
|
Variation in financial investment provision |
-0,01 |
0,01 |
-0,02 |
|
Ordinary Activities Result |
9,39 |
4,37 |
5,02 |
|
Extraordinary income |
0,09 |
0,41 |
-0,32 |
|
Extraordinary expenses |
0,06 |
0,25 |
-0,19 |
|
Variation in provision in fixed assets |
0,00 |
0,03 |
-0,03 |
|
Results before Taxes |
9,42 |
4,50 |
4,92 |
|
Corporaye taxes |
3,19 |
1,41 |
1,78 |
|
Net Result |
6,23 |
3,09 |
3,14 |
|
Assets depreciation |
1,14 |
1,11 |
0,03 |
|
Provisions fund variation |
0,03 |
0,32 |
-0,29 |
|
Net Self-Financing |
7,39 |
4,52 |
2,87 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.006 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
9,11 |
-3,56 |
4,32 |
12,92 |
|
Assets Turnover |
1,90 |
1,27 |
1,68 |
2,17 |
|
Fixed Assets Turnover |
20,09 |
6,41 |
12,79 |
32,67 |
|
Increase of the Added Value |
7,93 |
-6,74 |
5,04 |
18,01 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,62 |
1,31 |
1,64 |
2,13 |
|
Change of Personnel Costs |
8,79 |
1,89 |
8,05 |
16,10 |
|
Average Personnel Costs |
24.428,06 |
22.280,00 |
28.730,00 |
36.950,00 |
|
Value Added by Employees |
39.611,59 |
35.130,00 |
48.630,00 |
69.590,00 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
1.037.989,64 |
214.970,00 |
431.170,00 |
834.420,00 |
|
Operating Cash Flow |
1.457.618,25 |
300.420,00 |
594.780,00 |
1.129.830,00 |
|
Change in Cash Flow |
5,98 |
-24,84 |
1,77 |
28,77 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
11,84 |
1,49 |
3,53 |
7,08 |
|
Financial Profitability |
25,54 |
5,42 |
11,49 |
20,77 |
|
Financial Expenses |
0,36 |
0,24 |
0,61 |
1,27 |
|
Gross Economic Profitability |
19,73 |
4,60 |
7,94 |
13,29 |
|
Gross Financial Profitability |
42,56 |
13,38 |
25,82 |
43,26 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
90,00 |
62,90 |
97,15 |
135,06 |
|
Suppliers’ Credit (In days of sales) |
69,00 |
27,93 |
73,43 |
119,65 |
|
Working Capital (In days of sales) |
70,00 |
18,68 |
43,01 |
85,19 |
|
Working Capital Requirement (In days of sales) |
67,00 |
17,62 |
56,07 |
104,03 |
|
Treasury (In days of sales) |
2,00 |
-33,94 |
0,96 |
23,83 |
|
Operating Current Assets |
171,00 |
130,70 |
177,89 |
223,15 |
|
BALANCE |
|
|
|
|
|
Working Capital |
2.727.377,79 |
610.500,00 |
1.586.820,00 |
3.187.420,00 |
|
Working Capital Requirement |
2.610.862,63 |
575.940,00 |
1.901.200,00 |
3.996.700,00 |
|
Treasury |
116.515,16 |
-1.320.430,00 |
39.560,00 |
793.700,00 |
|
Balance Ratio |
4,91 |
1,50 |
2,79 |
5,58 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
53,65 |
46,95 |
65,40 |
80,12 |
|
Own / Permanent Funds |
100,00 |
77,51 |
95,02 |
99,85 |
|
Payback Capacity |
0,28 |
0,23 |
0,35 |
0,48 |
|
Long term Indebtedness |
|
0,00 |
1,50 |
8,23 |
|
Gearing |
215,75 |
190,14 |
290,66 |
513,13 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
1,84 |
1,23 |
1,52 |
2,12 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,69 |
1,13 |
1,38 |
1,93 |
|
Immediate Liquidity |
0,03 |
0,04 |
0,14 |
0,36 |
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%)