MIRA INFORM REPORT
|
Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
PUIG JANER SL |
|
|
|
|
Registered Office : |
Pasaje Narcis
Monturiol, S/N,
08349 Cabrera De Mar Barcelona |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
29.12.1978 |
|
|
|
|
Legal Form : |
Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacture of Other Wearing Apparel And Accessories. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
133.000,00 € |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Identification
Current Business Name: PUIG
JANER SL
Commercial name:
Other names: YES
Current Address: PASAJE NARCIS
MONTURIOL, S/N
08349 CABRERA DE MAR BARCELONA
Branches: 23
Telephone number: 937540100 Fax: 937500659
URL: www.canadahouse.es
Trade
Risk
Credit Appraisal: 133.000,00 €
Incidents: NO
R.A.I.: NO
Bank and business defaults of payment - ASNEF
INDUSTRIAL: YES
Financial
Information
Balance sheet latest sales (2009): 12.853.389,28 € (Trade Register)
Result: 213.359,04 €
Total Assets: 10.994.393,72 €
Social Capital: 4.163.375,00 €
Employees: 110
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 29/12/1978
Activity: Textile confection:
mass production
NACE 2009 CODE: 1419
International Operations: Imports
Corporate
Structure
Sole Administrator:
Participations: 2
Other
Complementary Information
Latest filed accounts published in the Mercantile
Register: 2009
Type of Accounts available at the Mercantile Register: Individuals
Latest act published in BORME: 28/03/2011 Capital enlargement
Latest press article: 22/09/2009 DIARIO DE NAVARRA (BRANCHES)
Bank Entities: There are
The date when this report was last updated is 11/04/2011.
The information contained in this report has been
investigated and contrasted on 11/04/2011
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 133.000,00 €
Financial
Situation
Exercise:2009
|
Treasury |
Excellent |
|
Indebtedness |
Slight |
|
Profitability |
Average |
|
Balance |
Excellent |
Performance
|
Incidents |
Exceptional |
|
Business
Trajectory |
Good |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No
administrative claims registered
AFFECTED BY: No significant element.
•
All the unpaid contracts of the company
are in a friendly collection situation.
•
The total unpaid amount registered in
ASNEF Industrial is the maximum since there are non-payment information on this
debtor.
•
It has not fulfilled its contract
obligations with financial entities and a varied series of companies. I has to
be stressed that 100,00% of the unpaid amount corresponds to
contracts with the financial system.
Non-Payment
details 
|
CHARACTERISTICS OF THE
OPERATION |
NON-PAYMENT CHARACTERISTICS |
||||||
|
Creditor Type |
Product |
Amount of the operations |
Situation |
Number of non-payments |
Non-payment amount |
Date of the first non-payment |
Date of the last non-payment |
|
Saving Banks |
Credit Policy |
- |
Friendly |
- |
152.146,49 |
23/12/2010 |
23/12/2010 |
|
|
|
|
|
|
152.146,49 |
|
|
This information has been obtained through a consultation made
to the ASNEF INDUSTRIAL file. It can just be used for credit granting,
monitoring and credit control. This information could not be uploaded in any
database nor reused and could not be copied or reproduced or transferred to
third parties. ASNEF INDUSTRIAL is a brand property of Equifax Ibérica, S.L.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the
Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
11/04/2011 15:04:23
Information from the Registro de Aceptaciones Impagados
(RAI)- Disputed Bills register.
It can only be used for information legitimate needs of the
consulting party, in accordance with its social or business activity, in order to
grant a credit or the monitoring or control of the already granted credits and
can not be transmitted or communicated to thirds, nor copied, duplicated,
reproduced nor implemented to any database , owned or external, or reused it in
anyway, direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL
COMPARATIVE
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 €
|
|
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
31/12/2007 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
3.150.044,99 |
28,65 |
2.903.788,52 |
27,80 |
2.593.973,15 |
28,00 |
|
B) CURRENT ASSETS |
7.844.348,73 |
71,35 |
7.543.345,89 |
72,20 |
6.670.672,68 |
72,00 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
4.549.842,80 |
41,38 |
4.336.483,76 |
41,51 |
3.947.785,63 |
42,61 |
|
B) NON CURRENT LIABILITIES |
1.317.588,85 |
11,98 |
1.602.765,75 |
15,34 |
1.473.658,23 |
15,91 |
|
C) CURRENT LIABILITIES |
5.126.962,07 |
46,63 |
4.507.884,90 |
43,15 |
3.843.201,97 |
41,48 |
Profit
and Loss Account Analysis
Figures given in €
|
|
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2007 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
12.853.389,28 |
|
12.731.128,22 |
|
12.091.097,64 |
|
|
GROSS MARGIN |
6.148.674,17 |
47,84 |
5.932.201,59 |
46,60 |
5.898.539,12 |
48,78 |
|
EBITDA |
1.029.108,84 |
8,01 |
782.087,31 |
6,14 |
1.415.357,72 |
11,71 |
|
EBIT |
661.627,10 |
5,15 |
495.356,26 |
3,89 |
973.037,67 |
8,05 |
|
NET RESULT |
213.359,04 |
1,66 |
388.698,13 |
3,05 |
395.797,24 |
3,27 |
|
EFFECTIVE TAX RATE (%) |
19,50 |
|
19,50 |
|
21,13 |
|
Values
table
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on
the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
28,65 |
30,26 |
-1,61 |
|
A) CURRENT ASSETS |
71,35 |
69,74 |
1,61 |
|
LIABILITIES |
|||
|
A) NET WORTH |
41,38 |
45,41 |
-4,03 |
|
B) NON CURRENT LIABILITIES |
11,98 |
21,47 |
-9,48 |
|
C) CURRENT LIABILITIES |
46,63 |
33,12 |
13,51 |
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT
ANALYSIS: % on the total operating income |
|
|
|
|
SALES |
100,00 |
98,30 |
1,70 |
|
GROSS MARGIN |
47,84 |
47,18 |
0,65 |
|
EBITDA |
8,01 |
10,51 |
-2,51 |
|
EBIT |
5,15 |
7,53 |
-2,38 |
|
NET RESULT |
1,66 |
3,96 |
-2,30 |
Sector
Composition
Compared sector (NACE 2009): 1419
Number of companies: 29
Size (Sales Figure): 7,000,000.00 - 40,000,000.00 Euros
Results
Distribution
Source: annual financial
report 2009
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
213.359,04 |
Legal Reserve |
21.335,90 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
192.023,14 |
|
Total of Amounts to be distributed |
213.359,04 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
213.359,04 |
Auditing
Source: filing of annual financial
statement 2009
Auditors’ opinion: FAVOURABLE
Auditor: NOGUERAS RIBALTA JORDI
Auditing fees: 8.612,00 €
Facts
subsequent to the closing
Source: Annual financial report 2009
Posterior to the closure there were no relevant facts that
require the inclusion in the annual accounts.
Business
address
Current Legal Seat Address:
PASAJE NARCIS MONTURIOL, S/N
08349 CABRERA DE MAR
Previous Seat Address:
CALLE
08302
Branches
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE GENERAL ALAVA, 23 |
01005 |
VITORIA-GASTEIZ |
Álava |
|
CALLE SINDICAT, 42 |
07002 |
|
Baleares |
|
PLAZA |
08700 |
IGUALADA |
|
|
AVENIDA DE LA GRANVIA DE L’HOSPITALET, 75 |
08908 |
L’HOSPITALET DE LLOBREGAT |
|
|
CALLE ESGLESIA, 71 |
08370 |
CALELLA |
|
|
CALLE MARCELINO MENENDEZ PELAYO, 8 |
08940 |
|
|
|
RONDA NARCIS MONTURIOL |
08349 |
CABRERA DE MAR |
|
|
CALLE RIU MUGA |
08304 |
|
|
|
CALLE SANTA EULALIA, 130 |
08902 |
L’HOSPITALET DE LLOBREGAT |
|
|
CALLE |
08302 |
|
|
Main Board members, Directors and Auditor
|
POSITION |
NAME AND SURNAME |
APPOINTMENT DATE |
|
|
SOLE ADMINISTRATOR |
BURILLO MINGUEZ ANGEL |
03/02/2010 |
|
|
AUDITOR |
APPOINTMENT DATE |
||
|
NOGUERAS RIBALTA JORDI |
16/04/2009 |
||
Board members remuneration
Source: Annual financial report 2009
Board members remuneration: 141.434,26 €
Functional
Managers
|
POSITION |
NAME AND SURNAME |
|
General Manager |
BURILLO MINGUEZ ANGEL |
|
Financial Director |
GRAU GERARD |
|
Human Resources Director |
RECH |
|
Commercial Director |
BACHS JORDI |
Direct
Shareholders
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
BURILLO MINGUEZ ANGEL |
|
Indef. |
OWN SOURCES |
03/02/2010 |
|
|
PUIG CASALS TERESA |
|
Indef. |
OWN SOURCES |
03/02/2010 |
|
|
PUIG CASALS MARIA |
|
Indef. |
OWN SOURCES |
03/02/2010 |
Direct
Participations
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PUIG JANER |
|
100,00 |
TRADE REG. |
31/12/2009 |
|
|
INDIVIDUALIST S. L. |
B59985952 |
95,00 |
TRADE REG. |
31/12/2009 |
Former
Participations
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CREEK CHAIN S.L. (EXTINGUIDA) |
B60280211 |
100,00 |
B.O.R.M.E. |
23/09/2004 |
Company
with rating inferior to 7
Constitution
Incorporation date: 29/12/1978
Origin
/ Foundation
Establishment date: 01/01/1953
Founder’s Name: PRUDENCIO PUIG JANER
Activity
Activity: Textile confection: mass production
NACE 2009 CODE: 1419
NACE 2009 Activity: Manufacture of other wearing apparel and accessories
Business: FABRICACION DE PRENDAS INTERIORES DE PUNTO
Activity description: FABRICACION DE PRENDAS DE VESTIR INFANTILES DE 3 A 16 ANOS
Employees
Latest employees figure: 110 (2009)
% of fixed employees: 100,00%
% of men: 18,18%
% of women: 81,82%
Employees
evolution
|
|
|
|
Employees
distribution
Source: Annual financial
report 2009
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
20 |
90 |
COMMERCIAL
OPERATIONS
CLIENTS
|
BUSINESS
NAME |
INTERNATIONAL |
|
EL
CORTE INGLES |
NO |
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAJA DE AHORROS Y PENSIONES DE |
|
|
CABRERA DE MAR |
|
Brands
FORMER NAMES:
•
PUIG JANER S.A.
Brand name:
Type: GRAPHICAL Scope: COMMUNITARY
Date: 12/11/1997
Constitution
Data
Register Date: 29/12/1978
Current
structure data
Legal form: Limited Liability Company
Social Capital: 4.163.375,00 €
Legal
Aspects
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
Summary
Acts on activity: 0
Acts on administrators: 20 (Last:
03/02/2010, first: 18/03/1991)
Acts on capital: 4 (Last:
28/03/2011, first: 28/09/1998)
Acts on creation: 0
Acts on filed accounts: 21 (Last:
02/11/2010, first: 28/12/1990)
Acts on identification: 2 (Last:
31/12/1998, first: 14/01/1993)
Acts on Information: 5 (Last:
03/02/2010, first: 18/03/1991)
Acts on proceedings: 2 (Last:
23/09/2004, first: 11/06/2004)
Latest
acts in B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
||
|
Capital enlargement |
28/03/2011 |
136651 |
|
|||
|
|
Register Data:
Volume 35979, Folio 49, Section 8, Sheet 72307, Inscription I/A
27 (16/03/2011) Publication
Data: Register |
|||||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Modification of the Articles of Association |
03/02/2010 |
44054 |
|
|
Appointments |
03/02/2010 |
44054 |
|
|
Resignations |
03/02/2010 |
44054 |
|
|
Appointments |
27/11/2009 |
497253 |
|
|
Appointments |
16/04/2009 |
182260 |
|
|
Resignations |
16/04/2009 |
182260 |
|
|
Capital enlargement |
13/03/2009 |
128655 |
|
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
02/11/2010 |
950143 |
|
|
Annual Filed Accounts (2008) |
26/10/2009 |
744355 |
|
|
Annual Filed Accounts (2007) |
29/10/2008 |
993510 |
|
Press
summary by type of information (last five years)
Legal notices: 0
Structural Data: 1 (Last: 22/09/2009)
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 1 (Last: 16/01/2006)
Historical press releases: 1 (Last: 15/06/2005)
Latest
press article published
22/09/2009 DIARIO DE
NAVARRA - BRANCHES
EL 18/09/09 SE INAUGURO EN PAMPLONA UNA NUEVA TIENDA DE ROPA
DE NIÑOS, CANADA HOUSE, SITUADA EN LA CALLE CASTILLO DE MAYA.
16/01/2006 ANUNCIOS - MARKETING
LA CADENA DE MODA INFANTIL
15/06/2005 CINCO DIAS - BRANCHES
PUIG JANER, QUE CUENTA CON LA ENSEÑA
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 02/11/2010.
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.
This theoretical conversion exercise has been carried out from the financial statements contained in the accounting information presented on the Trade Register, and elaborated under the accounting norms and principles collected in PGC90 derived from RD 1643/1990, not taking into account any other type of information; for this reason the conversion exercise could include certain inaccuracies.
Assets
Figures given in €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
3.150.044,99 |
28,65 |
2.903.788,52 |
27,80 |
2.593.973,15 |
28,00 |
|
I. Intangible assets |
87.618,69 |
0,80 |
91.789,96 |
0,88 |
62.735,90 |
0,68 |
|
3. Patents, licences , trademarks and similars |
1.961,61 |
0,02 |
1.961,61 |
0,02 |
|
|
|
5. Software |
26.157,95 |
0,24 |
18.427,43 |
0,18 |
|
|
|
7. Other intangible assets |
59.499,13 |
0,54 |
71.400,92 |
0,68 |
|
|
|
II. Tangible fixed assets |
2.827.521,58 |
25,72 |
2.562.560,30 |
24,53 |
2.330.411,20 |
25,15 |
|
2. Technical fittings and other tangible assets |
2.827.521,58 |
25,72 |
2.562.560,30 |
24,53 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated
companies |
5.974,95 |
0,05 |
5.974,95 |
0,06 |
6.057,33 |
0,07 |
|
1. Net worth instruments |
5.974,95 |
0,05 |
5.974,95 |
0,06 |
6.057,33 |
0,07 |
|
V. Long Term Financial Investments |
228.929,77 |
2,08 |
243.463,31 |
2,33 |
194.768,72 |
2,10 |
|
5. Other financial assets |
181,18 |
0,00 |
124,62 |
0,00 |
194.768,72 |
2,10 |
|
6. Other investments |
228.748,59 |
2,08 |
243.338,69 |
2,33 |
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
7.844.348,73 |
71,35 |
7.543.345,89 |
72,20 |
6.670.672,68 |
72,00 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
6.442.753,00 |
58,60 |
6.111.572,60 |
58,50 |
5.868.503,00 |
63,34 |
|
2. Raw material inventory |
6.442.753,00 |
58,60 |
6.111.572,60 |
58,50 |
|
|
|
III. Trade Debtors and other receivable accounts |
1.256.790,66 |
11,43 |
1.278.217,38 |
12,24 |
802.169,68 |
8,66 |
|
1. Clients |
1.010.162,90 |
9,19 |
986.835,21 |
9,45 |
802.169,68 |
8,66 |
|
b) Clients for sales and short term
services rendering |
1.010.162,90 |
9,19 |
986.835,21 |
9,45 |
|
|
|
2. Clients group and associated companies |
246.627,76 |
2,24 |
229.923,02 |
2,20 |
|
|
|
3. Other debts |
|
|
61.459,15 |
0,59 |
|
|
|
IV. Short term investments in associated and affiliated
companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
93.750,00 |
0,85 |
135.000,00 |
1,29 |
|
|
|
VII. Cash and equivalents |
51.055,07 |
0,46 |
18.555,91 |
0,18 |
|
|
|
1. Treasury |
51.055,07 |
0,46 |
18.555,91 |
0,18 |
|
|
|
TOTAL ASSETS (A + B) |
10.994.393,72 |
100,00 |
10.447.134,41 |
100,00 |
9.264.645,83 |
100,00 |
Alerts associated to the conversion to PGC2007
The
valuation norms applicable to financial instruments has changed substantially
and, for this reason the conversion of financial statements from PGC90 to
PGC2007 could include notable inaccuracy.
Net
Worth and Liabilities
Figures given in €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NET WORTH |
4.549.842,80 |
41,38 |
4.336.483,76 |
41,51 |
3.947.785,63 |
42,61 |
|
A-1) Equity |
4.549.842,80 |
41,38 |
4.336.483,76 |
41,51 |
3.947.785,63 |
42,61 |
|
I. Capital |
3.847.500,00 |
35,00 |
3.847.500,00 |
36,83 |
486.810,00 |
5,25 |
|
1. Authorized capital |
3.847.500,00 |
35,00 |
3.847.500,00 |
36,83 |
486.810,00 |
5,25 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
488.983,76 |
4,45 |
100.285,63 |
0,96 |
3.065.178,39 |
33,08 |
|
1. Legal and statutory |
136.233,77 |
1,24 |
97.363,96 |
0,93 |
97.363,96 |
1,05 |
|
2. Other funds |
352.749,99 |
3,21 |
2.921,67 |
0,03 |
2.967.814,43 |
32,03 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
213.359,04 |
1,94 |
388.698,13 |
3,72 |
395.797,24 |
4,27 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related liabilities,
maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
1.317.588,85 |
11,98 |
1.602.765,75 |
15,34 |
1.473.658,23 |
15,91 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
1.317.588,85 |
11,98 |
1.602.765,75 |
15,34 |
1.473.658,23 |
15,91 |
|
2. Debts with bank entities |
1.317.588,85 |
11,98 |
1.602.765,75 |
15,34 |
1.473.658,23 |
15,91 |
|
III. Long term debts with associated and affiliated
companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
5.126.962,07 |
46,63 |
4.507.884,90 |
43,15 |
3.843.201,97 |
41,48 |
|
I. Liabilities related with non-current assets maintained
for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
4.672.949,54 |
42,50 |
4.043.190,84 |
38,70 |
3.474.966,14 |
37,51 |
|
2. Debts with bank entities |
4.672.949,54 |
42,50 |
4.043.190,84 |
38,70 |
3.474.966,14 |
37,51 |
|
IV. Short term debts with associated and affiliated
companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
449.020,26 |
4,08 |
464.694,06 |
4,45 |
368.235,83 |
3,97 |
|
1. Suppliers |
69.022,59 |
0,63 |
183.339,10 |
1,75 |
180.551,20 |
1,95 |
|
b) Short term suppliers |
69.022,59 |
0,63 |
183.339,10 |
1,75 |
|
|
|
4. Staff (pending remunerations) |
|
|
|
|
4.196,80 |
0,05 |
|
6. Other debts with Public Administrations |
379.997,67 |
3,46 |
281.354,96 |
2,69 |
183.487,83 |
1,98 |
|
VI. Short term periodifications |
4.992,27 |
0,05 |
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
10.994.393,72 |
100,00 |
10.447.134,41 |
100,00 |
9.264.645,83 |
100,00 |
Alerts associated to the conversion to PGC2007
In
the conversion process it has not been possible to breakdown the composition of
liabilities originated by debts with the public administrations; for this
reason the mentioned amounts are presented fully aggregated in the item “other
debts with the public administrations”
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
31/12/2007 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
12.853.389,28 |
100,00 |
12.731.128,22 |
99,97 |
12.091.097,64 |
99,61 |
|
A) Sales |
12.853.389,28 |
100,00 |
12.731.128,22 |
99,97 |
12.091.097,64 |
99,61 |
|
2. Variation in stocks of finished goods and work in
progress |
|
|
243.069,60 |
1,91 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-6.704.715,11 |
-52,16 |
-7.046.346,23 |
-55,33 |
-6.240.097,07 |
-51,41 |
|
b) Raw materials consumed |
-6.704.715,11 |
-52,16 |
-7.046.346,23 |
-55,33 |
-6.240.097,07 |
-51,41 |
|
5. Other operating income |
|
|
4.350,00 |
0,03 |
47.538,55 |
0,39 |
|
a) Other incomes |
|
|
|
|
20.804,24 |
0,17 |
|
b) Operating grants included in the exercise result |
|
|
4.350,00 |
0,03 |
26.734,31 |
0,22 |
|
6. Labour cost |
-2.731.529,88 |
-21,25 |
-2.751.084,63 |
-21,60 |
-2.381.028,08 |
-19,62 |
|
a) Wages and similar expenses |
-2.077.933,06 |
-16,17 |
-2.189.296,38 |
-17,19 |
|
|
|
b) Social costs |
-653.596,82 |
-5,09 |
-561.788,25 |
-4,41 |
|
|
|
7. Other operating costs |
-2.393.227,78 |
-18,62 |
-2.455.899,23 |
-19,28 |
-2.102.153,32 |
-17,32 |
|
a) External services |
|
|
|
|
-2.069.647,47 |
-17,05 |
|
b) Taxes |
-44.155,76 |
-0,34 |
-40.432,04 |
-0,32 |
-32.505,85 |
-0,27 |
|
d) Other day to day expenses |
-2.349.072,02 |
-18,28 |
-2.415.467,19 |
-18,97 |
|
|
|
8. Amortization of fixed assets |
-367.481,74 |
-2,86 |
-286.731,05 |
-2,25 |
-442.320,05 |
-3,64 |
|
9. Allocation of subventions on non financial investments
and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
5.192,33 |
0,04 |
56.869,58 |
0,45 |
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 +
10 + 11 + 12 + 13) |
661.627,10 |
5,15 |
495.356,26 |
3,89 |
973.037,67 |
8,02 |
|
14. Financial income |
2.954,09 |
0,02 |
34.490,87 |
0,27 |
|
|
|
b) From negotiable values and other financial instruments |
2.954,09 |
0,02 |
34.490,87 |
0,27 |
|
|
|
b 2) From third parties |
2.954,09 |
0,02 |
34.490,87 |
0,27 |
|
|
|
15. Financial expenses |
-364.947,68 |
-2,84 |
-386.171,08 |
-3,03 |
-302.104,45 |
-2,49 |
|
b) For debts with third parties |
-364.947,68 |
-2,84 |
-386.171,08 |
-3,03 |
-302.104,45 |
-2,49 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-34.591,23 |
-0,27 |
339.178,77 |
2,66 |
-169.130,06 |
-1,39 |
|
18. Deterioration and result for disposal of financial
instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-396.584,82 |
-3,09 |
-12.501,44 |
-0,10 |
-471.234,51 |
-3,88 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
265.042,28 |
2,06 |
482.854,82 |
3,79 |
501.803,16 |
4,13 |
|
20. Taxes on profits |
-51.683,24 |
-0,40 |
-94.156,69 |
-0,74 |
-106.005,92 |
-0,87 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3
+ 20) |
213.359,04 |
1,66 |
388.698,13 |
3,05 |
395.797,24 |
3,26 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued
operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
213.359,04 |
1,66 |
388.698,13 |
3,05 |
395.797,24 |
3,26 |
Alerts associated to the conversion to PGC2007
In
the financial statements conversion process of the accounts formulation
exercise to PGC2007 it could not be identified the amount of discounts on sales
for prompt payment that under PGC2007 are registered reducing sales and not as
a financial expense.
Valuation
norms applicable to Financial instruments collected in PGC2007 present notable
changes with respect to PGC90. As a consequence, the conversion of the
financial statements of the accounts to PGC2007, carried out considering mainly
classification changes in the accounts might contain certain inaccuracies.
Status
of recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
213.359,04 |
388.698,13 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
|
|
|
II. Cash flow coverage |
|
|
|
III. Received legacies, grants and subventions |
|
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
V. Non-current assets and related liabilities, maintained
for sale |
|
|
|
VI. Conversion differences |
|
|
|
VII. Tax effect |
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET
WORTH (I + II + III + IV +V+VI+VII) |
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
VIII. For valuation of financial instruments |
|
|
|
IX. Cash flow coverage |
|
|
|
X. Received legacies, grants and subventions |
|
|
|
XI. Non-current assets and related liabilities, maintained
for sale |
|
|
|
XII. Conversion differences |
|
|
|
XIII. Tax effect |
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII +
IX + X + XI+ XII+ XIII) |
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
213.359,04 |
388.698,13 |
Total
net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS
EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
486.810,00 |
3.065.178,39 |
395.797,24 |
|
|
I. Adjustments by change of criteria in the exercise
(2007) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
486.810,00 |
3.065.178,39 |
395.797,24 |
|
|
I. Total recognized income and expenses |
|
|
|
388.698,13 |
|
II. Operations with partners or owners |
3.360.690,00 |
|
|
|
|
1. Capital Increases |
3.360.690,00 |
|
|
|
|
III. Other net worth variations |
|
-2.964.892,76 |
-395.797,24 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.847.500,00 |
100.285,63 |
|
388.698,13 |
|
I. Adjustments by change of criteria in the exercise
(2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
3.847.500,00 |
100.285,63 |
|
388.698,13 |
|
I. Total recognized income and expenses |
|
|
|
213.359,04 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
388.698,13 |
|
-388.698,13 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.847.500,00 |
488.983,76 |
|
213.359,04 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
3.947.785,63 |
|
||
|
I. Adjustments by change of criteria in the exercise
(2007) |
|
|
||
|
II. Adjustments by errors in the exercise (2007) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
3.947.785,63 |
|
||
|
I. Total recognized income and expenses |
388.698,13 |
|
||
|
II. Operations with partners or owners |
3.360.690,00 |
|
||
|
1. Capital Increases |
3.360.690,00 |
|
||
|
III. Other net worth variations |
-3.360.690,00 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
4.336.483,76 |
|
||
|
I. Adjustments by change of criteria in the exercise
(2008) |
|
|
||
|
II. Adjustments by errors in the exercise (2008) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
4.336.483,76 |
|
||
|
I. Total recognized income and expenses |
213.359,04 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
4.549.842,80 |
|
||
CASH
FLOW STATUS
Figures given in €
|
|
31/12/2009 (12) |
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
1. exercise result before taxes |
265.042,28 |
482.854,82 |
|
2. Results adjustments |
770.725,33 |
238.012,91 |
|
a) Amortization of fixed assets (+) |
367.481,74 |
286.731,05 |
|
c) Change of Provisions (+/-) |
41.250,00 |
|
|
d) Grants allocation (-) |
|
-4.350,00 |
|
g) Financial income (-) |
-2.954,09 |
-34.490,87 |
|
f) Financial expenses (+) |
364.947,68 |
386.171,08 |
|
i) Change difference (+/-) |
|
-339.178,77 |
|
k) Other income and expenses (-/+) |
|
-56.869,58 |
|
3. Changes in current capital |
-333.448,66 |
465.919,76 |
|
a) Stocks (+/-) |
-331.180,04 |
243.069,60 |
|
b) Debtors and other receivable accounts (+/-) |
-40.032,43 |
610.106,21 |
|
c) Other current assets (+/-) |
|
135.000,00 |
|
d) Creditors and other payable accounts (+/-) |
-52.857,36 |
-96.458,23 |
|
e) Other current liabilities (+/-) |
98.642,71 |
-554.905,34 |
|
f) Other non-current assets and liabilities (+/-) |
-8.021,54 |
129.107,52 |
|
4. Other cash flow coming from operating activities |
-400.663,38 |
-431.871,07 |
|
a) Interests payments (-) |
-364.947,68 |
-386.171,08 |
|
c) Interests collections (+) |
2.954,09 |
34.490,87 |
|
d) Collections (payments) for profit tax (+/-) |
-38.669,79 |
-80.190,86 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 +
4) |
301.655,57 |
754.916,42 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
6. Investment payments (-) |
-628.328,31 |
-594.421,42 |
|
b) Intangible assets |
-13.400,00 |
-45.248,30 |
|
c) Tangible assets |
-614.871,75 |
-500.560,91 |
|
e) Other financial assets |
-56,56 |
-48.612,21 |
|
7. Disinvestment collections (+) |
14.590,10 |
|
|
e) Other financial assets |
14.590,10 |
|
|
8. Cash Flow in investment activities (6 + 7) |
-613.738,21 |
-594.421,42 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
9. Net worth instruments collections and payments |
|
|
|
10. Financial liabilities instruments collections and
payments |
383.785,83 |
|
|
a) Issue |
668.962,73 |
|
|
2. Debts with bank entities (+) |
668.962,73 |
|
|
b) Return and amortization of |
-285.176,90 |
|
|
2. Debts with bank entities (-) |
-285.176,90 |
|
|
11. Payments for dividends and remunerations of other net
worth instruments |
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
383.785,83 |
|
|
D) Exchange rate variations effect |
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 +
12 + D) |
71.703,19 |
160.495,00 |
|
Cash or equivalents at the beginning of the exercise |
-20.648,12 |
-181.143,12 |
|
Cash or equivalents at the end of the exercise |
51.055,07 |
18.555,91 |
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
2.717.386,66 |
-10,48 |
3.035.460,99 |
7,36 |
2.827.470,71 |
|
Working capital ratio |
0,25 |
-13,79 |
0,29 |
-6,45 |
0,30 |
|
Soundness Ratio |
1,44 |
-3,36 |
1,49 |
-1,97 |
1,52 |
|
Average Collection Period (days) |
35 |
-2,00 |
36 |
51,52 |
24 |
|
Average Payment Period (days) |
18 |
0,00 |
18 |
11,36 |
16 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
153,00 |
-8,57 |
167,34 |
-3,59 |
173,57 |
|
Quick Ratio (%) |
1,00 |
143,90 |
0,41 |
|
|
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
54,49 |
0,83 |
54,04 |
1,18 |
53,41 |
|
External Financing Average Cost |
0,06 |
-14,29 |
0,07 |
16,67 |
0,06 |
|
Debt Service Coverage |
19,86 |
165,51 |
7,48 |
26,78 |
5,90 |
|
Interest Coverage |
1,81 |
41,41 |
1,28 |
-60,25 |
3,22 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
2,35 |
-60,37 |
5,93 |
-14,43 |
6,93 |
|
Auto financing generated by Assets (%) |
2,74 |
-62,10 |
7,23 |
-20,11 |
9,05 |
|
Breakdown Point |
1,05 |
0,96 |
1,04 |
-4,59 |
1,09 |
|
Average Sales Volume per Employee |
116.848,99 |
0,96 |
115.737,53 |
|
|
|
Average Cost per Employee |
24.832,09 |
-0,71 |
25.009,86 |
|
|
|
Assets Turnover |
1,17 |
-4,10 |
1,22 |
-6,87 |
1,30 |
|
Inventory Turnover (days) |
346 |
10,84 |
312 |
-7,77 |
338 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
6,02 |
27,00 |
4,74 |
-54,86 |
10,50 |
|
Operating Profitability (%) |
9,36 |
24,97 |
7,49 |
-50,98 |
15,28 |
|
Return on Equity (ROE) (%) |
5,82 |
-47,67 |
11,14 |
-12,35 |
12,71 |
Balance
Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on
the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
28,65 |
30,26 |
-1,61 |
|
A) CURRENT ASSETS |
71,35 |
69,74 |
1,61 |
|
LIABILITIES |
|||
|
A) NET WORTH |
41,38 |
45,41 |
-4,03 |
|
B) NON CURRENT LIABILITIES |
11,98 |
21,47 |
-9,48 |
|
C) CURRENT LIABILITIES |
46,63 |
33,12 |
13,51 |
Analytical
Account of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,30 |
1,70 |
|
Other operating income |
|
1,70 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-52,16 |
-53,07 |
0,91 |
|
Variation in stocks of finished goods and work in progress |
|
0,25 |
|
|
GROSS MARGIN |
47,84 |
47,18 |
0,66 |
|
Other operating costs |
-18,62 |
-20,80 |
2,18 |
|
Labour cost |
-21,25 |
-17,66 |
-3,59 |
|
GROSS OPERATING RESULT |
7,97 |
8,72 |
-0,75 |
|
Amortization of fixed assets |
-2,86 |
-2,34 |
-0,52 |
|
Deterioration and result for fixed assets disposal |
|
1,14 |
|
|
Other expenses / income |
0,04 |
|
|
|
NET OPERATING RESULT |
5,15 |
7,53 |
-2,38 |
|
Financial result |
-3,09 |
-1,68 |
-1,41 |
|
RESULT BEFORE TAX |
2,06 |
5,85 |
-3,79 |
|
Taxes on profits |
-0,40 |
-1,89 |
1,49 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,66 |
|
|
|
NET RESULT |
1,66 |
3,96 |
-2,30 |
Main
Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
2.717.386,66 |
1.263.018,83 |
2.918.764,00 |
4.661.472,00 |
|
Working capital ratio |
0,25 |
0,14 |
0,32 |
0,54 |
|
Soundness Ratio |
1,44 |
0,94 |
2,85 |
6,19 |
|
Average Collection Period (days) |
35 |
57 |
89 |
107 |
|
Average Payment Period (days) |
18 |
35 |
53 |
70 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
153,00 |
1,42 |
1,74 |
2,45 |
|
Quick Ratio (%) |
1,00 |
0,04 |
0,30 |
0,55 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
54,49 |
11,54 |
21,35 |
46,36 |
|
External Financing Average Cost |
0,06 |
0,04 |
0,06 |
0,17 |
|
Debt Service Coverage |
19,86 |
0,27 |
3,76 |
11,68 |
|
Interest Coverage |
1,81 |
0,78 |
2,11 |
7,14 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
2,35 |
2,31 |
6,43 |
9,62 |
|
Auto financing generated by Assets (%) |
2,74 |
2,76 |
4,87 |
11,08 |
|
Breakdown Point |
1,05 |
1,02 |
1,06 |
1,10 |
|
Average Sales Volume per Employee |
116.848,99 |
107.728,39 |
179.828,09 |
292.456,20 |
|
Average Cost per Employee |
24.832,09 |
22.484,38 |
27.217,25 |
33.995,16 |
|
Assets Turnover |
1,17 |
0,76 |
1,16 |
1,70 |
|
Inventory Turnover (days) |
346 |
72 |
132 |
301 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
6,02 |
2,09 |
4,84 |
10,53 |
|
Operating Profitability (%) |
9,36 |
5,13 |
6,72 |
14,21 |
|
Return on Equity (ROE) (%) |
5,82 |
4,12 |
8,67 |
19,00 |
ADDITIONAL
INFORMATION
This company has been consulted was last displayed on 14/04/2011,
53 times in the last quarter and 1.026 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.48 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.42 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
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.