MIRA INFORM REPORT
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Report Date : |
20.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ARANOW PACKAGING MACHINERY SL |
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Registered Office : |
Calle Josep Tura (Mas D En Cis), 11,
08181 Sentmenat Barcelona |
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Country : |
Spain |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of machinery for food beverages &
tobacco proccessing |
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 : |
63.000,00 € |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Spain |
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 |
Company name
ARANOW PACKAGING
MACHINERY SL
TAX NUMBER: B63294359
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: ARANOW PACKAGING MACHINERY SL
Other names: NO
Current Address: CALLE JOSEP TURA (MAS D EN
CIS), 11
Telephone number: 937154676 Fax: 937154677
URL: www.aranow.com
Corporate e-mail: info@aranow.cat
Trade Risk
Credit Appraisal: 63.000,00 €
Incidents: NO
Bank and business defaults of payment - ASNEF EMPRESAS: NO
Financial Information
Balance sheet latest sales (2009): 2.011.500,08 €
(Trade Register)
Result: 34.513,79 €
Total Assets: 1.360.578,16 €
Social Capital: 127.488,00 €
Employees: 9
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 02/10/2003
Activity: Mfg. of machinery for food beverages
& tobacco proccessing
NACE 2009 CODE: 2893
International Operations: It does not import nor export
Corporate Structure
Sole
Administrator:
Parent Company:
Other Complementary Information
Latest act published in BORME: 29/10/2010 Annual Filed Accounts
Bank Entities: There are
The date when this report was last updated is 13/08/2011.
The information contained in this report has been investigated and contrasted on 23/09/2010
TRADE RISK
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 63.000,00 €
Financial
Situation
Exercise:2009
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Treasury |
Excellent |
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Indebtedness |
Average |
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Profitability |
Average |
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Balance |
Excellent |
Performance
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Incidents |
None or Negligible |
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Business
Trajectory |
Superior |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
BANK AND BUSINESS DEFAULTS OF
PAYMENT - ASNEF EMPRESAS 
FINANCIAL
ELEMENTS AND SECTORIAL COMPARATIVE
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.
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 |
91.842,74 |
6,75 |
106.661,01 |
11,03 |
116.173,26 |
18,60 |
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B) CURRENT ASSETS |
1.268.735,42 |
93,25 |
860.175,52 |
88,97 |
508.440,78 |
81,40 |
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LIABILITIES |
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A) NET WORTH |
382.218,61 |
28,09 |
347.704,82 |
35,96 |
319.719,56 |
51,19 |
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B) NON CURRENT LIABILITIES |
253.173,83 |
18,61 |
52.066,08 |
5,39 |
14.425,16 |
2,31 |
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C) CURRENT LIABILITIES |
725.185,72 |
53,30 |
567.065,63 |
58,65 |
290.469,32 |
46,50 |
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Balance Sheet
Comments
Total assets of the company grew in 40,72%
between 2.008 and 2.009.
In spite of the assets’ growth, non current assets
decreased 13,89%.
This growth has been mainly financed with a debt increase
of 58,02%. Nevertheless Net Worth grew 9,93%.
Total assets of the company grew in 54,79%
between 2.007 and 2.008.
In spite of the assets’ growth, non current assets decreased 8,19%.
This growth has been mainly financed with a debt increase
of 103,06%. Nevertheless Net Worth grew 8,75%.
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 |
2.011.500,08 |
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1.815.609,00 |
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1.807.524,10 |
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GROSS MARGIN |
1.013.511,06 |
50,39 |
784.379,30 |
43,20 |
988.862,27 |
54,71 |
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EBITDA |
99.541,45 |
4,95 |
68.447,95 |
3,77 |
186.284,94 |
10,31 |
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EBIT |
61.259,52 |
3,05 |
37.211,18 |
2,05 |
137.763,59 |
7,62 |
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NET RESULT |
34.513,79 |
1,72 |
28.109,43 |
1,55 |
102.333,06 |
5,66 |
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EFFECTIVE TAX RATE (%) |
22,49 |
0,00 |
22,33 |
0,00 |
25,79 |
0,00 |
Profit and Loss Account Comments
The company’s sales figure grew
in 10,79% between 2.008 and 2.009.
The company’s EBIT grew
in 64,63% between 2.008 and 2.009.
This evolution implies an increase in the company’s economic
profitability .
The result of these variations is a decrease of the company’s Operating
Profitability of 13,70% in the analysed period, being this
profitability of 7,18% in the year 2.009.
The Net Result of the company grew
in 22,78% between 2.008 and 2.009.
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 11,91% in the analysed period, being equal
to 11,65% in the year 2.009 .
The company’s sales figure grew
in 0,45% between 2.007 and 2.008.
The company’s EBIT decreased
in 72,99% between 2.007 and 2.008.
This evolution implies a reduction in the economic profitability of the
company .
The result of these variations is a decrease of the company’s Operating
Profitability of 72,10% in the analysed period, being this
profitability of 8,32% in the year 2.008.
The Net Result of the company decreased
in 72,53% 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 a reduction of the company’s economic
profitability of 75,86% in the analysed period, being equal
to 10,41% in the year 2.008 .
COMPARATIVE SECTOR ANALYSIS
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 |
6,75 |
33,98 |
-27,23 |
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A) CURRENT ASSETS |
93,25 |
66,02 |
27,23 |
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LIABILITIES |
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A) NET WORTH |
28,09 |
40,04 |
-11,94 |
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B) NON CURRENT LIABILITIES |
18,61 |
15,95 |
2,66 |
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C) CURRENT LIABILITIES |
53,30 |
44,02 |
9,28 |
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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 |
99,63 |
98,53 |
1,10 |
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GROSS MARGIN |
50,20 |
51,73 |
-1,53 |
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EBITDA |
4,93 |
8,65 |
-3,72 |
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EBIT |
3,03 |
5,43 |
-2,40 |
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NET RESULT |
1,71 |
3,81 |
-2,10 |
Sector Composition
Compared sector (NACE 2009): 2893
Number of companies: 153
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 -27,23% .
In liabilities composition the company appeals on a smaller scale to
self financing, being the Net Worth proportion 11,94% inferior. As a
consequence, external financing sources are more used by the company
( 11,94% more than the sector) .
The proportion that the sales mean to the company’s total ordinary
income is 99,63% , an 1,10% higher than in the sector .
The company’s EBIT was positive and was 3,03% with regard to
the total ordinary income, 2,40% 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 (0,03 in comparison
with 0,06) .
The company’s net result was positive and equal to 1,71% with
regard to the total ordinary income, -2,10% 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 .
company ADDRESSES
Current Legal Seat Address:
CALLE JOSEP TURA (MAS D EN CIS), 11
08181 SENTMENAT
BARCELONA
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
Governing body : 1 member (latest change:
11/11/2003)
Operative Board Members : 4 (latest change: 23/09/2010)
Main Board members, Directors and Auditor
Governing body
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POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
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SOLE ADMINISTRATOR |
CUIXART NAVARRO, JORDI |
11/11/2003 |
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There are 1 board members, directors and auditors registered
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POSITION |
NAME AND SURNAME |
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Manager |
CUIXART NAVARRO, JORDI |
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Financial Manager |
RODRIGUEZ, NOEMI |
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Commercial Director |
MOLINA, JOAN |
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Commercial Director |
VALLS, JORDI |
FINANCIAL LINKS
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
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CUIXART NAVARRO JORDI |
|
100,00 |
OWN SOURCES |
23/09/2010 |
There are 1 direct financial links through shareholders
registered
BUSINESS INFORMATION
Incorporation date: 02/10/2003
Activity: Mfg. of machinery for food beverages & tabacco
proccessing
NACE 2009 CODE: 2893
NACE 2009 Activity: Manufacture of machinery for food, beverage
and tobacco processing
Business: FABRICACION, MONTAJE Y COMERCIALIZACION DE
MAQUINARIA PARA EL ENVASE Y EMBALAJE FLEXIBLE
Latest employees figure: 9 (2010)
% of fixed employees: 88,89%
% of temporary employees: 11,11%
Employees
evolution
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ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
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CAIXABANK, S.A. |
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SENTMENAT |
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CAIXA D’ESTALVIS DE CATALUNYA,TARRAGONA I MANRESA |
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SENTMENAT |
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DEUTSCHE BANK, S.A.E. |
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SENTMENAT |
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There are 3 bank entities registered
LEGAL STRUCTURE
Constitution Data
Register Date: 02/10/2003
Register town: Barcelona
Announcement number: 426477
Register data:
Volume 35903, Folio 186, Section 8, Sheet 270595,
Inscription I/A 1 (2003-10-15)
Social Capital: 12.000 €
Legal form: Limited Liability Company
Social Capital: 127.488,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
B.O.R.M.E.
(OFFICIAL COMPANIES
REGISTRY GAZETTE)
· Acts on activity: 0
· Acts on administrators: 1 (Last: 11/11/2003)
· Acts on capital: 1 (Last: 06/07/2005)
· Acts on creation: 1 (Last: 11/11/2003)
· Acts on filed accounts: 7 (Last: 29/10/2010, first: 26/10/2004)
· Acts on identification: 0
· Acts on Information: 2 (Last: 12/11/2009, first: 16/07/2007)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Modification of the Articles of
Association |
12/11/2009 |
471247 |
Barcelona |
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Modification of the Articles of
Association |
16/07/2007 |
376162 |
Barcelona |
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Capital enlargement |
06/07/2005 |
305082 |
Barcelona |
|
Appointments |
11/11/2003 |
426477 |
Barcelona |
|
Constitution |
11/11/2003 |
426477 |
Barcelona |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
29/10/2010 |
918722 |
Barcelona |
|
Annual Filed Accounts (2008) |
27/10/2009 |
757430 |
Barcelona |
|
Annual Filed Accounts (2007) |
30/10/2008 |
1008993 |
Barcelona |
There are 12 acts registered
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
|
UK Pound |
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
RATING EXPLANATIONS
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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 |
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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.