MIRA
INFORM REPORT
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Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
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Name : |
PRESTIGE GENERAL MARKETS S L |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
01.02.1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
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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Maximum Credit Limit : |
6,000,000 (€) |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Identification
Current Business Name: PRESTIGE
GENERAL MARKETS S L
Other names: NO
Current Address: CALLE BEETHOVEN, 15
- ATICO 208021 BARCELONA
Telephone number: 932012755 Fax: 932017790
Corporate e-mail: administracion@prestigegm.es
Trade Risk
Credit Appraisal: 25.000,00 €
Incidents: NO
Bank and business defaults of payment - ASNEF
INDUSTRIAL: NO
Financial Information
Balance sheet latest sales (2009): 1.747.127,75 €
(Trade Register)
Result: 12.013,97 €
Total Assets: 539.452,16 €
Social Capital: 3.006,00 €
Employees: 2
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 01/02/1999
Activity: Wholesale of food,
drinks & tobacco
NACE 2009 CODE: 4639
International Operations: It
does not import nor export
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest act published in BORME: 02/11/2010 Annual Filed Accounts
Bank Entities: There are
Credit Appraisal
Maximum
Credit
(from
0 to 6,000,000 €)
Favourable to 25.000,00 €
Financial Situation
Exercise:2009
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Treasury |
Very good |
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Indebtedness |
Heavy |
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Profitability |
Null |
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Balance |
Excellent |
Performance
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Incidents |
None or Negligible |
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Business
Trajectory |
Good |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
Summary
COMPANY NOT REGISTERED IN ASNEF INDUSTRIAL
•
There are no information on the nif/cif provided in
the Asnef Industrial file
FINANCIAL ELEMENTS
The shaded amounts in the following financial statements have been
converted to the norms established in the PGC2007 derived from RD 1514/2007 and
1515/2007, this way comparatives could be shown with the amounts of exercises initiated
from 1/01/08.
Balance-sheet analysis 
Figures given in €
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31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
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ASSETS |
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A) NON CURRENT ASSETS |
82.979,53 |
15,38 |
15.618,11 |
3,54 |
4.160,60 |
0,83 |
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B) CURRENT ASSETS |
456.472,63 |
84,62 |
425.410,70 |
96,46 |
496.895,62 |
99,17 |
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LIABILITIES |
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A) NET WORTH |
44.166,66 |
8,19 |
71.029,23 |
16,11 |
63.820,08 |
12,74 |
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B) NON CURRENT LIABILITIES |
138.845,79 |
25,74 |
80.000,00 |
18,14 |
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C) CURRENT LIABILITIES |
356.439,71 |
66,07 |
289.999,58 |
65,76 |
437.236,14 |
87,26 |
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Balance Sheet Comments
Total assets of the company grew in 22,32%
between 2.008 and 2.009.
This growth is a consequence of non current assets increase
in 431,30%.
This growth has been financed with an indebtedness increase
of 33,86. Besides, Net Worth has reduced in 37,82%, which
explains a part of the indebtedness increase.
Total assets of the company decreased in 11,98%
between 2.007 and 2.008.
In spite of the decrease in the amount of total assets, non current
assets grew 275,38%.
Assets reduction contrasts with net worth growth
of 11,30%. Therefore, the company’s indebtedness has reduced
in 15,38%.
Profit and Loss Account Analysis
Figures given in €
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31/12/2009 (12) |
% NET TURNOVER |
31/12/2008 (12) |
% NET TURNOVER |
31/12/2007 (12) |
% NET TURNOVER |
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SALES |
1.747.127,75 |
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1.543.419,54 |
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1.349.094,90 |
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GROSS MARGIN |
221.589,62 |
12,68 |
201.184,17 |
13,03 |
207.856,81 |
15,41 |
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EBITDA |
21.279,81 |
1,22 |
19.693,55 |
1,28 |
13.672,00 |
1,01 |
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EBIT |
25.403,44 |
1,45 |
18.065,00 |
1,17 |
6.795,29 |
0,50 |
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NET RESULT |
12.013,97 |
0,69 |
7.209,15 |
0,47 |
2.520,47 |
0,19 |
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EFFECTIVE TAX RATE (%) |
25,00 |
0,00 |
25,44 |
0,00 |
58,18 |
0,00 |
Profit and Loss Account Comments
The company’s sales figure grew
in 13,20% between 2.008 and 2.009.
The company’s EBIT grew
in 40,62% between 2.008 and 2.009.
This evolution implies an increase in the company’s economic
profitability .
The result of these variations is an increase of the company’s Economic
Profitability of 68,90% in the analysed period, being equal
to 7,55% in the year 2.009.
The Net Result of the company grew
in 66,65% between 2.008 and 2.009.
The company’s Financial Profitability has been positively affected by the
financial activities in comparison with EBITs behaviour .
The result of these variations is an increase of the company’s Economic
Profitability of 166,50% in the analysed period, being equal
to 36,27% in the year 2.009 .
The company’s sales figure grew in 14,40% between 2.007 and 2.008.
The company’s EBIT grew
in 165,85% between 2.007 and 2.008.
This evolution implies an increase in the company’s economic
profitability .
The result of these variations is an increase of the company’s Economic
Profitability of 63,74% in the analysed period, being equal
to 4,47% in the year 2.008.
The Net Result of the company grew
in 186,02% between 2.007 and 2.008.
The company’s Financial Profitability has been negatively affected by
the financial activities in comparison with EBITs behaviour .
The result of these variations is an increase of the company’s Economic
Profitability of 44,17% in the analysed period, being equal
to 13,61% in the year 2.008 .
Values table
Figures expressed
in %
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COMPANY (2009) |
SECTOR |
DIFFERENCE |
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BALANCE SHEET ANALYSIS: % on the total
assets |
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ASSETS |
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A) NON CURRENT ASSETS |
15,38 |
37,00 |
-21,61 |
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A) CURRENT ASSETS |
84,62 |
63,00 |
21,61 |
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LIABILITIES |
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A) NET WORTH |
8,19 |
36,71 |
-28,52 |
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B) NON CURRENT LIABILITIES |
25,74 |
16,34 |
9,40 |
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C) CURRENT LIABILITIES |
66,07 |
46,95 |
19,13 |
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COMPANY (2009) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
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SALES |
98,82 |
98,46 |
0,36 |
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GROSS MARGIN |
12,53 |
25,91 |
-13,37 |
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EBITDA |
1,20 |
5,00 |
-3,79 |
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EBIT |
1,44 |
3,17 |
-1,73 |
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NET RESULT |
0,68 |
1,99 |
-1,31 |
Sector Composition
Compared sector (NACE 2009): 4639
Number of companies: 1499
Size (Sales Figure): 0 - 2,800,000.00 Euros
Comments on the sectorial comparative
Compared to its sector the assets of the companies show an
inferior proportion of non current assets. Specifically the difference with the
sector average is -21,61%
.
In liabilities composition the company appeals on a smaller scale to
self financing, being the Net Worth proportion 28,52% inferior. As a
consequence, external financing sources are more used by the company
( 28,52% more than the sector) .
The proportion that the sales mean to the company’s total ordinary
income is 98,82% , an 0,36% higher than in the sector .
The company’s EBIT was positive and was 1,44% with regard to
the total ordinary income, 1,73% inferior to the one of the sector .
The company’s capacity to generate operating income is inferior to that
of the sector as its ratio EBIT/Sales is inferior (0,01 in comparison
with 0,03) .
The company’s net result was positive and equal to 0,68% with
regard to the total ordinary income, -1,31% inferior to the one of the sector .
The financial results and the tax impact have had a less negative impact
on the net result of the company that in the sector .
Results Distribution
Source: annual financial report 2009
Figures given in €
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DISTRIBUTION BASE |
APPLICATION A |
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Profit and Loss Account Balance |
12.013,97 |
Legal Reserve |
0,00 |
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Carry over |
0,00 |
Goodwill reserve |
0,00 |
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Voluntary reserves |
0,00 |
Special reserves |
0,00 |
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Other reserves disposable at will |
0,00 |
Voluntary reserves |
12.013,97 |
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Total of Amounts to be distributed |
12.013,97 |
Dividends |
0,00 |
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Carry over and others |
0,00 |
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Compensation of previous exercises losses |
0,00 |
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Application total |
12.013,97 |
Business address
Current Legal Seat Address:
CALLE BEETHOVEN, 15 - ATICO 2
08021
Previous Seat Address:
CARRETERA NACIONAL 152 3
EL
VILAR 17538 FONTANALS DE CERDANYA
Main
Board members, Directors and Auditor
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POSITION |
NAME AND SURNAME |
APPOINTMENT DATE |
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SOLE ADMINISTRATOR |
JUNOY FATJO ENRIQUE |
05/03/1999 |
Board members remuneration
Source: Annual financial report 2009
Board members remuneration: 0,00 €
Functional Managers
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POSITION |
NAME AND SURNAME |
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Manager |
JUNOY FATJO ENRIQUE |
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Financial Director |
JUNOY FATJO ENRIQUE |
Shareholders
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BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
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JUNOY FATJO ENRIQUE |
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Major. |
OWN SOURCES |
15/09/2010 |
Constitution
Incorporation date: 01/02/1999
Activity
Code: 1612100
Activity: Wholesale of food, drinks & tobacco
NACE 2009 CODE: 4639
NACE 2009 Activity: Non-specialised wholesale of food, beverages
and tobacco
Business: AMPLIAR A. TODA. ACTIVIDAD RELACIONADA CON LAS
TECNOLOGIAS COMUNMENTE CONOCIDAS POR HIGH TECH, ESPECIALMENTE TECNOLOGIAS DE LA
INFORMACION, BIOTECNOLOGIA E INTERNET.
Employees
Latest employees figure: 2 (2010)
% of fixed employees: 100,00%
% of men: 50,00%
% of women: 50,00%
Employees evolution
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Employees distribution
Source: Annual financial report 2009
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CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
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Distribution by sexes |
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1 |
1 |
COMMERCIAL OPERATIONS
PURCHASES
National Distribution: 100%
Banks
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ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
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BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
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CAJA DE AHORROS Y PENSIONES DE |
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Constitution Data
Register Date: 01/02/1999
Register town:
Announcement number: 82203
Social Capital: 3.006 €
Current structure data
Legal form: Limited Liability Company
Social Capital: 3.006,00 €
Legal Aspects
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
Summary
Acts on activity: 1 (Last: 08/01/2001)
Acts on administrators: 1 (Last: 05/03/1999)
Acts on capital: 0
Acts on creation: 1 (Last: 05/03/1999)
Acts on filed accounts: 11 (Last: 02/11/2010, first:
19/10/2000)
Acts on identification: 1 (Last: 23/11/1999)
Acts on Information: 1 (Last: 18/02/2000)
Latest acts in B.O.R.M.E.
Other acts
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ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
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Registered activity change |
08/01/2001 |
8948 |
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Other concepts |
18/02/2000 |
62979 |
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Change of registered address |
23/11/1999 |
384948 |
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Appointments |
05/03/1999 |
82203 |
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Constitution |
05/03/1999 |
82203 |
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Latest filed accounts
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ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
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Annual Filed Accounts (2009) |
02/11/2010 |
949782 |
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Annual Filed Accounts (2008) |
27/08/2009 |
272677 |
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Annual Filed Accounts (2007) |
03/10/2008 |
743567 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.04 |
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1 |
Rs.72.02 |
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Euro |
1 |
Rs.63.40 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.