MIRA INFORM REPORT
|
Report Date : |
17.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
MIARCO SL |
|
|
|
|
Registered Office : |
Calle Charles Robert Darwin (Pq. Tecnologico), 18 46980 Paterna Valencia |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees
: |
150 persons |
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 : |
563.000,00 € |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Spain |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name
MIARCO SL
TAX NUMBER: B98261258
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: MIARCO SL
Other names: NO
Current Address: CALLE CHARLES ROBERT DARWIN (PQ.
TECNOLOGICO), 18
Telephone number: 963177700 Fax: 963177744
URL: www.miarco.com
Corporate e-mail: miarco@miarco.com
Trade Risk
Credit Appraisal: 563.000,00 €
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2010): 30.593.999,45 € (Commercial Registry)
Result: 25.501 €
Total Assets: 20.254.528,97 €
Share capital: 393.414,00 €
Employees: 150
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 04/06/2010
Activity: Mfg. of plastic materials
NACE 2009 CODE: 2222
International Operations: Imports and
Exports
Corporate
Structure
President:
Participations: 3
Other Complementary Information
Latest filed accounts published in the Commercial Registry: 2010
Type of Accounts available at the Commercial Registry: consolidated
Latest act published in BORME: 12/12/2011 Annual Filed Accounts
Latest press article: No press articles registered for this
company
Bank Entities: There are
The date when this report was last updated is 16/12/2011.
The information contained in this report has been investigated and
contrasted on 16/12/2011
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 563.000,00 €
Financial Situation
|
Exercise:2010 |
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|||
|
Treasury |
|
Excellent |
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|
|
Indebtedness |
|
Slight |
|
|
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Profitability |
|
Null |
|
|
|
Balance |
|
Excellent |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Excellent |
Rating Explication
Financial Situation
•
The company’s financial situation is normal.
•
The auditor’s opinion about the latest accounts has
been favourable.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is medium depending
on its sales volume.
•
The employees evolution has been positive.
Performance and Incidences
•
The available information indicates that the
company does not have payment incidences.
•
He have detected no recent legal actions or claims from
the Administration against this company
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
27/09/2011 |
Increase |
15 |
•
New financial statements have been uploaded. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
EXPERIAN BUREAU
EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI -
SECTORIAL DEFAULTS OF PAYMENT
•
There is no information related to the nif/cif
consulted in the in the EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL
DEFAULTS OF PAYMENT file
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
12/12/2011 16:12:05
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
FINANCIAL ELEMENTS
Figures given in €
|
|
31/12/2010 (7) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
A) NON CURRENT ASSETS |
3.828.577,77 |
18,90 |
|
B) CURRENT ASSETS |
16.425.951,20 |
81,10 |
|
LIABILITIES |
|
|
|
A) NET WORTH |
10.219.807,10 |
50,46 |
|
B) NON CURRENT LIABILITIES |
2.252.497,04 |
11,12 |
|
C) CURRENT LIABILITIES |
7.782.224,83 |
38,42 |
Profit and Loss Account Analysis
Figures given in €
|
|
31/12/2010 (7) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
30.593.999,45 |
|
|
GROSS MARGIN |
10.270.242,08 |
33,57 |
|
EBITDA |
1.645.288,76 |
5,38 |
|
EBIT |
948.469,29 |
3,10 |
|
NET RESULT |
25.501,00 |
0,08 |
|
EFFECTIVE TAX RATE (%) |
43,89 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
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|||
|
A) NON CURRENT ASSETS |
18,90 |
43,29 |
-24,39 |
|
|
|
|
|
A) CURRENT ASSETS |
81,10 |
56,71 |
24,39 |
|
|
|
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|
LIABILITIES |
|
|
|
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|||
|
A) NET WORTH |
50,46 |
38,98 |
11,47 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
11,12 |
15,38 |
-4,26 |
|
|
|
|
|
C) CURRENT LIABILITIES |
38,42 |
45,64 |
-7,22 |
|
|
|
|
|
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|
|
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|
|
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COMPANY (2010) |
SECTOR |
DIFFERENCE |
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|
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|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
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SALES |
99,93 |
98,43 |
1,49 |
|
|
|
|
|
GROSS MARGIN |
33,55 |
37,84 |
-4,29 |
|
|
|
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EBITDA |
5,37 |
9,26 |
-3,89 |
|
|
|
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EBIT |
3,10 |
3,98 |
-0,88 |
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|
|
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NET RESULT |
0,08 |
2,04 |
-1,96 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 2222
Number of companies: 51
Size (Sales Figure): 7,000,000.00 - 40,000,000.00 Euros
OTHER DATA FROM
THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2010
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
25.501,00 |
Legal Reserve |
2.550,10 |
|
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 |
22.950,90 |
|
Total of Amounts to be distributed |
25.501,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
25.501,00 |
Auditing
Source: filing of annual financial statement 2010
Auditors’ opinion: FAVOURABLE
Facts subsequent to the closing
Source: Annual financial report 2010
Posterior to the closure there were no relevant facts that require the
inclusion in the annual accounts.
company
ADDRESSES
Current Legal Seat Address:
CALLE CHARLES ROBERT DARWIN (PQ. TECNOLOGICO), 18
46980 PATERNA
VALENCIA
Characteristics of the current address
Type of establishment: shop
Area: 9000 m2
Local Situation: secondary
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration board |
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Governing body : 6 members (latest change:
31/12/2010) Other Positions : 2 (latest change: 20/10/2010) Auditor : 1 (latest change: 31/12/2010) Operative Board Members : 5 (latest change: 18/07/2011) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
ARNEDO CORTIJO, MIGUEL |
09/07/2010 |
|
MANAGING DIRECTOR |
ARNEDO GARCIA, GUZMAN MIGUEL |
09/07/2010 |
|
MEMBER OF THE BOARD |
VEGA ALLOZA, ANTONIO |
09/07/2010 |
|
SECRETARY |
MONTAVA SANTANA, ALBERTO |
09/07/2010 |
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Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
ACR AUDITORS GROUP, SLP |
31/12/2010 |
There are 9 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 108.000,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
ARNEDO GARCIA-GUZMAN, MIGUEL |
|
Financial Manager |
ESCRIBA, CARLOS |
|
Human Resources Director |
GARCIA, ESPERANZA |
|
Commercial Director |
CARBO, SERGIO |
|
Operations Director |
CAMPS, XAVIER |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ARNEDO GARCIA GUZMAN MIGUEL |
|
Indef. |
OWN SOURCES |
18/07/2011 |
|
|
ARNEDO CORTIJO MIGUEL |
|
Indef. |
OWN SOURCES |
18/07/2011 |
|
|
MONTAVA SANTANA ALBERTO |
|
Indef. |
OWN SOURCES |
18/07/2011 |
There are 3 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
MIARCO COVERS SL |
B97783245 |
100,00 |
B.O.R.M.E. |
14/12/2011 |
|
|
SHANGAI MIARCO ADHESIVE TAPE COMPANY LIMITED |
CHINA |
100,00 |
COMMERCIAL REGISTRY |
31/12/2010 |
|
|
MIARCO SUMA SOCIEDAD LIMITADA. |
B97913586 |
99,93 |
COMMERCIAL REGISTRY |
31/12/2010 |
There are 3 direct financial links through participations
registered
You can obtain business information of foreign companies at the
page D&B INTERNATIONAL
Company
with rating inferior to 7
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”MIGUEL ARNEDO CORTIJO”
|
COMPANY |
POSITION |
PROVINCE |
|
MIARCO SUMA SOCIEDAD LIMITADA. |
Presidente |
VALENCIA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”MIARCO SL”
|
COMPANY FOUND |
PROVINCE |
|
MIARCO COVERS SL |
VALENCIA |
|
MIARCO SUMA SOCIEDAD LIMITADA. |
VALENCIA |
Search Criterion: ”MIARCO SL”
URL: www.miarco.es
Miarco Miarco, S.L. es una empresa espańola con más de 39 ańos de
experiencia en el sector de cintas especiales, soluciones adhesivas y
suministros industriales.
URL: www.guiaenvase.com
Guía técnica de envase y embalaje > MIARCO S.L. MIARCO S.L.
... miarco@miarco.es, Web: http://www.miarco.com. Aplicaciones: Cintas
especiales y adhesivos para cualquier necesidad industrial, profesional o ...
BUSINESS INFORMATION
Incorporation date: 04/06/2010
Origin: MIARCO SL - B46204772
Activity: Mfg. of plastic materials
NACE 2009 CODE: 2222
NACE 2009 Activity: Manufacture of plastic packing goods
Business: a) La adquisicion, almacenamiento, distribución,
transporte y venta, al por mayor o menor de cualesquiera géneros, materias,
sustancias, utensilios, componentes o destinables al suministro industrial, asi
como su importación o exportación bajo cualquier régimen de tráfico interno o
internacional permitido por las leyes y usos del comercio. b) La explotación de
toda clase de patentes, licencias, modelos industriales o marcas, y en suma, de
cualesquiera derechos de la propiedad intelectual o industrial, nacionales o
extranjeros, propios o de ajena concesión, de bienes destinables al suministro
industrial, excluyendo las actividades que exijan requisitos especiales por la
legislación vigente. c) La promoción y explotación de toda suerte de
actividades gestiones comerciales tanto por cuenta y nombre propio como
actuando como comisionista y ya en forma directa o indirecta o en cualquier
otro método lícito que se relacione con la intermediación mercantil de bienes o
servicios para el suministro industrial. d) La fabricacion de los géneros,
productos y mercancías a que se refieren los anteriores apartados del objeto
social. Además en su objeto social se incluyen: e) La posesión, adquisición,
administración, urbanización, construcción y explotación de toda clase de
inmuebles, rústicos y urbanos y de derechos reales sobre los mismos, con
exclusión del leasing inmobiliario y de la intermediacion mercantil
inmobiliaria. f) La intervención y participación, incluso mayoritaria, por
inversión directa o por compraventa en otras empresas creadas o por crear,
incluso mediante Sociedades, Uniones, Asociaciones u otros conciertos, asi como
la inversión por cuenta propia en bienes muebles, incluso valores mobiliarios
de renta fija y variable y demás activos financieros o monetarios, quedando
excluidas las actividades que la legislación especial y básicamente la Ley de
Mercado de Valores atribuye con caracter exclusivo a otras entidades. g) La
administración de patrimonios ajenos conforme a las concesiones, facultades y
representaciones que se estipulen, asi como la prestación de servicios de
asistencia técnica, de direccion de negocios y empresas o de asesoramiento en
su caso a través de los correspondientes profesionales, con incluso la
realización de estudios de mercados, valoraciones, proyectos y dictámenes
relacionados con las anteriores actividades.
Activity description: Soluciones adhesivas, embalaje y cintas
especiales para todo tipo de industrias.
Latest employees figure: 150 (2011)
% of fixed employees: 92,52%
% of temporary employees: 7,48%
% of men: 69,44%
% of women: 30,56%
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
100 |
44 |
PURCHASES
Import Percentage: 76%
Imports from: UE Y OTROS PAÍSES
National Distribution: 24%
SALES
Export Percentage: 1%
Exports to: UE Y OTROS PAÍSES
National Distribution: 99%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
MENS BONA |
NO |
|
SHANGAI |
YES |
There are 2 Suppliers
•
El 100% de su cifra de negocio corresponde a actividad
principal.
Professional and advertising services
Source: Annual financial report 2010
Professional services
expenses: 901.026,96 €
Advertising services expenses: 149.399,53 €
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
|
|
VALENCIA |
|
|
DEUTSCHE BANK, S.A.E. |
|
|
VALENCIA |
|
|
BANKINTER, S.A. |
|
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|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
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|
BANCO SANTANDER, S.A. |
|
|
VALENCIA |
|
There are 6 bank entities registered
Discount facilities: 1
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Credit policy |
Granted limit:150.000,00 € Used limit:0,00 € Available limit:150.000,00
€ Source: Filed
Accounts (2010) |
|
|
|
|
Debt type: Discount
facilities |
Granted limit:4.484.000,00 € Used limit:3.339.461,55
€ Available limit:1.144.538,45
€ Source: Filed
Accounts (2010) |
|
|
|
There are 2 bank operations registered
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
|
|
Instalaciones técnicas y maquinaria |
11.776,40 |
15.199,83 |
There are 1 leasing operations registered
Grants
|
|
|
|
Grant type: Other grants (grouped amounts or not
classified) Granting year: 2010 |
Nominal amount: 19.138,72 € Amount received in the
exercise: 19.138,72 € Source: Filed
Accounts (2010) |
|
|
|
There are 1 grants registered
LEGAL STRUCTURE
Constitution Data
Register Date: 04/06/2010
Register town: Valencia
Announcement number: 272816
Register data:
Volume 9198, Book 6481, Folio 49, Section 8, Sheet 139405,
Inscription I/A 1 (2010-06-30)
Social Capital: 393.414 €
Legal form: Limited Liability Company
Share capital: 393.414,00 €
Obligation to fill in Financial Statements: YES
Chamber census: NO
B.O.R.M.E.
(OFFICIAL GAZETTE OF
THE COMMERCIAL REGISTRY)
Acts on activity: 0
Acts on administrators: 4 (Last: 20/10/2010, first:
09/07/2010)
Acts on capital: 0
Acts on creation: 1 (Last: 09/07/2010)
Acts on filed accounts: 2 (Last: 12/12/2011, first:
21/09/2011)
Acts on identification: 0
Acts on Information: 0
Acts on proceedings: 2 (Last: 09/07/2010, first:
09/07/2010)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Appointments |
20/10/2010 |
389580 |
Valencia |
|
Appointments |
20/10/2010 |
389579 |
Valencia |
|
Appointments |
09/07/2010 |
272817 |
Valencia |
|
Appointments |
09/07/2010 |
272816 |
Valencia |
|
Constitution |
09/07/2010 |
272816 |
Valencia |
|
Extinction |
09/07/2010 |
272815 |
Valencia |
|
Total split |
09/07/2010 |
272815 |
Valencia |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2010) consolidated |
12/12/2011 |
975710 |
Valencia |
|
Annual Filed Accounts (2010) |
21/09/2011 |
577413 |
Valencia |
There are 9 acts registered
Press articles
No press articles registered for this company
Complementary Information
Current situation
Según BORME de 09/07/10 esta sociedad ha sido beneficiaria de la
escisión total de MIARCO SOCIEDAD LIMITADA. NIF: B46204772
FINANCIAL INFORMATION
The information on the last account contained in this report is extracted from the Commercial Registry file of the legal address of the Company and dated 26/09/2011.
SITUATION
BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2010 (7) |
% ASSETS |
|
A) NON CURRENT ASSETS |
3.828.577,77 |
18,90 |
|
I. Intangible assets |
387.051,02 |
1,91 |
|
5. Software |
387.051,02 |
1,91 |
|
II. Tangible fixed assets |
2.735.348,99 |
13,50 |
|
1. Property, plant and equipment |
48.804,52 |
0,24 |
|
2. Technical fittings and other tangible assets |
2.616.421,08 |
12,92 |
|
3. Fixed assets in progress and advances |
70.123,39 |
0,35 |
|
III. Real-estate investments |
|
|
|
IV. Long term investments in associated and affiliated companies |
546.157,66 |
2,70 |
|
1. Net worth instruments |
546.157,66 |
2,70 |
|
V. Long Term Financial Investments |
77.158,93 |
0,38 |
|
1. Net worth instruments |
12.020,24 |
0,06 |
|
3. Debt representative values |
60.000,00 |
0,30 |
|
5. Other financial assets |
5.138,69 |
0,03 |
|
VI. Assets by deferred taxes |
82.861,17 |
0,41 |
|
VII. Non current commercial debts |
|
|
|
B) CURRENT ASSETS |
16.425.951,20 |
81,10 |
|
I. Non-current assets maintained for sale |
|
|
|
II. Stocks |
4.978.401,48 |
24,58 |
|
1. Goods available for sale |
2.346.919,63 |
11,59 |
|
2. Raw material inventory |
1.887.066,64 |
9,32 |
|
3. Work in Progress |
101.337,00 |
0,50 |
|
b) Short production cycle |
101.337,00 |
0,50 |
|
4. Finished goods |
643.078,21 |
3,17 |
|
b) Short production cycle |
643.078,21 |
3,17 |
|
III. Trade Debtors and other receivable accounts |
9.880.421,60 |
48,78 |
|
1. Clients |
9.785.822,15 |
48,31 |
|
b) Clients for sales and short term services
rendering |
9.785.822,15 |
48,31 |
|
3. Other debts |
8.387,59 |
0,04 |
|
4. Staff |
2.182,98 |
0,01 |
|
5. Assets by current taxes |
47.755,16 |
0,24 |
|
6. Other credits with the Public Administrations |
36.273,72 |
0,18 |
|
IV. Short term investments in associated and affiliated companies |
274.911,15 |
1,36 |
|
5. Other financial assets |
274.911,15 |
1,36 |
|
V. Short term financial investments |
190.711,69 |
0,94 |
|
3. Debt representative values |
5.151,62 |
0,03 |
|
5. Other financial assets |
185.560,07 |
0,92 |
|
VI. Short term periodifications |
9.040,56 |
0,04 |
|
VII. Cash and equivalents |
1.092.464,72 |
5,39 |
|
1. Treasury |
1.092.464,72 |
5,39 |
|
TOTAL ASSETS (A + B) |
20.254.528,97 |
100,00 |
Net Worth and Liabilities
Figures given in €
|
|
31/12/2010 (7) |
% ASSETS |
|
A) NET WORTH |
10.219.807,10 |
50,46 |
|
A-1) Equity |
10.231.525,32 |
50,51 |
|
I. Capital |
393.414,00 |
1,94 |
|
1. Authorized capital |
393.414,00 |
1,94 |
|
II. Issue premium |
|
|
|
III. Reserves |
9.812.610,32 |
48,45 |
|
2. Other funds |
9.812.610,32 |
48,45 |
|
IV. (Net worth own shares and participations) |
|
|
|
V. Results from previous years |
|
|
|
VI. Other loans from partners |
|
|
|
VII. Exercise Result |
25.501,00 |
0,13 |
|
VIII. (Interim dividend) |
|
|
|
IX. Other net worth instruments |
|
|
|
A-2) Value changes adjustments |
-11.718,22 |
-0,06 |
|
I. Financial assets available for sale |
|
|
|
II. Coverage operations |
-11.718,22 |
-0,06 |
|
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 |
2.252.497,04 |
11,12 |
|
I. Long term provisions |
89.999,98 |
0,44 |
|
4. Other provisions |
89.999,98 |
0,44 |
|
II. Long term debts |
2.147.708,79 |
10,60 |
|
2. Debts with bank entities |
2.116.244,43 |
10,45 |
|
3. Financial leasing creditors |
14.724,04 |
0,07 |
|
4. By-products |
16.740,32 |
0,08 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
IV. Liabilities by deferred taxes |
14.788,27 |
0,07 |
|
V. Long term periodifications |
|
|
|
VI. Non current trade creditors |
|
|
|
VII. Long term debts with special characteristics |
|
|
|
C) CURRENT LIABILITIES |
7.782.224,83 |
38,42 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
II. Short term provisions |
|
|
|
III. Short term debts |
4.503.711,39 |
22,24 |
|
2. Debts with bank entities |
4.486.884,34 |
22,15 |
|
3. Financial leasing creditors |
11.068,25 |
0,05 |
|
5. Other financial liabilities |
5.758,80 |
0,03 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
V. Trade creditors and other payable accounts |
3.278.513,44 |
16,19 |
|
1. Suppliers |
1.661.760,02 |
8,20 |
|
b) Short term suppliers |
1.661.760,02 |
8,20 |
|
2. Suppliers group and associated companies |
47.313,40 |
0,23 |
|
3. Different creditors |
898.351,43 |
4,44 |
|
4. Staff (pending remunerations) |
16.730,62 |
0,08 |
|
5. Liabilities by current taxes |
89.763,73 |
0,44 |
|
6. Other debts with Public Administrations |
554.766,48 |
2,74 |
|
7. Clients pre-payments |
9.827,76 |
0,05 |
|
VI. Short term periodifications |
|
|
|
VII. Short term debts with special characteristics |
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
20.254.528,97 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in €
|
|
31/12/2010 (7) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
1. Net Turnover |
30.593.999,45 |
99,93 |
|
A) Sales |
30.586.460,89 |
99,90 |
|
b) Services provided |
7.538,56 |
0,02 |
|
2. Variation in stocks of finished goods and work in progress |
-355.474,64 |
-1,16 |
|
3. Works for its own assets |
|
|
|
4. Supplies |
-19.990.534,23 |
-65,29 |
|
a) Material consumed |
-6.518.576,01 |
-21,29 |
|
b) Raw materials consumed |
-13.117.954,86 |
-42,85 |
|
c) Works carried out for other companies |
-354.003,36 |
-1,16 |
|
5. Other operating income |
22.251,50 |
0,07 |
|
a) Other incomes |
22.251,50 |
0,07 |
|
6. Labour cost |
-4.978.262,15 |
-16,26 |
|
a) Wages and similar expenses |
-3.864.612,04 |
-12,62 |
|
b) Social costs |
-1.113.650,11 |
-3,64 |
|
7. Other operating costs |
-3.809.689,51 |
-12,44 |
|
a) External services |
-3.549.497,48 |
-11,59 |
|
b) Taxes |
-145.073,59 |
-0,47 |
|
c) Losses, deterioration and variation on business operations provisions |
-112.750,96 |
-0,37 |
|
d) Other day to day expenses |
-2.367,48 |
-0,01 |
|
8. Amortization of fixed assets |
-586.678,14 |
-1,92 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
10. Provisions excess |
2.609,63 |
0,01 |
|
11. Deterioration and result for fixed assets disposal |
18.600,00 |
0,06 |
|
b) Results for disposals and others |
18.600,00 |
0,06 |
|
12. Negative difference of business combinations |
|
|
|
13. Other results |
31.647,38 |
0,10 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
948.469,29 |
3,10 |
|
14. Financial income |
17.718,97 |
0,06 |
|
a) From net worth instruments participations |
19,00 |
0,00 |
|
a 2) On third parties |
19,00 |
0,00 |
|
b) From negotiable values and other financial instruments |
17.699,97 |
0,06 |
|
b 2) From third parties |
17.699,97 |
0,06 |
|
15. Financial expenses |
-181.864,47 |
-0,59 |
|
b) For debts with third parties |
-181.864,47 |
-0,59 |
|
16. Reasonable value variation on financial instruments |
|
|
|
17. Exchange differences |
-24.690,31 |
-0,08 |
|
18. Deterioration and result for disposal of financial instruments |
-714.186,77 |
-2,33 |
|
a) Deteriorations and losses |
-590.000,00 |
-1,93 |
|
b) Results for disposals and others |
-124.186,77 |
-0,41 |
|
19. Other financial income and expenses |
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-903.022,58 |
-2,95 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
45.446,71 |
0,15 |
|
20. Taxes on profits |
-19.945,71 |
-0,07 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
25.501,00 |
0,08 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
25.501,00 |
0,08 |
NET WORTH CHANGES
STATUS
Status of recognized
income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2010 (7) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
25.501,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
I. For valuation of financial instruments |
|
|
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) |
25.501,00 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
VALUE CHANGES ADJUSTMENTS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
393.414,00 |
11.141.529,96 |
334.730,04 |
-11.718,22 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
393.414,00 |
11.141.529,96 |
334.730,04 |
-11.718,22 |
|
I. Total recognized income and expenses |
|
|
25.501,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
-1.328.919,64 |
-334.730,04 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
393.414,00 |
9.812.610,32 |
25.501,00 |
-11.718,22 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
11.857.955,78 |
|
||
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
||
|
II. Adjustments by errors in the exercise (2009) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
11.857.955,78 |
|
||
|
I. Total recognized income and expenses |
25.501,00 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
-1.663.649,68 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
10.219.807,10 |
|
||
CASH FLOW STATUS
Figures given in €
|
|
31/12/2010 (7) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
1. exercise result before taxes |
45.446,71 |
|
2. Results adjustments |
1.699.750,62 |
|
a) Amortization of fixed assets (+) |
586.678,14 |
|
b) Value correction for deterioration (+/-) |
755.949,86 |
|
c) Change of Provisions (+/-) |
87.390,35 |
|
e) Results for decline and disposal of fixed assets (+/-) |
-18.600,00 |
|
f) Results for decline and disposal of financial instruments (+/-) |
124.186,77 |
|
g) Financial income (-) |
-17.718,97 |
|
f) Financial expenses (+) |
181.864,47 |
|
3. Changes in current capital |
-855.350,60 |
|
a) Stocks (+/-) |
-572.839,59 |
|
b) Debtors and other receivable accounts (+/-) |
-900.440,33 |
|
c) Other current assets (+/-) |
9.034,76 |
|
d) Creditors and other payable accounts (+/-) |
-170.901,98 |
|
e) Other current liabilities (+/-) |
1.357.734,32 |
|
f) Other non-current assets and liabilities (+/-) |
-577.937,78 |
|
4. Other cash flow coming from operating activities |
-268.236,52 |
|
a) Interests payments (-) |
-181.864,47 |
|
b) Dividends collections (+) |
19,00 |
|
c) Interests collections (+) |
16.290,04 |
|
d) Collections (payments) for profit tax (+/-) |
-102.681,09 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
621.610,21 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
6. Investment payments (-) |
-786.973,24 |
|
a) Group and associated companies |
-300.000,00 |
|
b) Intangible assets |
-155.841,95 |
|
c) Tangible assets |
-331.131,29 |
|
7. Disinvestment collections (+) |
2.573.347,18 |
|
c) Tangible assets |
18.600,00 |
|
e) Other financial assets |
1.586.794,73 |
|
h) Other assets |
967.952,45 |
|
8. Cash Flow in investment activities (6 + 7) |
1.786.373,94 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
9. Net worth instruments collections and payments |
|
|
10. Financial liabilities instruments collections and payments |
-1.315.519,43 |
|
b) Return and amortization of |
-1.315.519,43 |
|
2. Debts with bank entities (-) |
-1.255.124,85 |
|
5. Other debts (-) |
-60.394,58 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-1.315.519,43 |
|
D) Exchange rate variations effect |
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
1.092.464,72 |
|
Cash or equivalents at the beginning of the exercise |
|
|
Cash or equivalents at the end of the exercise |
1.092.464,72 |
RATIOS
|
|
31/12/2010 (7) |
|
BALANCE RATIOS |
|
|
Working Capital (€) |
8.643.726,37 |
|
Working capital ratio |
0,43 |
|
Soundness Ratio |
2,67 |
|
Average Collection Period (days) |
116 |
|
Average Payment Period (days) |
50 |
|
LIQUIDITY RATIOS |
|
|
Current Ratio (%) |
211,07 |
|
Quick Ratio (%) |
16,49 |
|
DEBT RATIOS |
|
|
Borrowing percentage (%) |
32,84 |
|
External Financing Average Cost |
0,03 |
|
Debt Service Coverage |
10,70 |
|
Interest Coverage |
5,22 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
Auto financing generated by sales (%) |
2,03 |
|
Auto financing generated by Assets (%) |
3,07 |
|
Breakdown Point |
1,03 |
|
Average Sales Volume per Employee |
208.122,45 |
|
Average Cost per Employee |
33.865,73 |
|
Assets Turnover |
1,51 |
|
Inventory Turnover (days) |
90 |
|
RESULTS RATIOS |
|
|
Return on Assets (ROA) (%) |
4,68 |
|
Operating Profitability (%) |
7,68 |
|
Return on Equity (ROE) (%) |
0,44 |
SECTORIAL ANALYSIS
Balance Sheet and
Financial Balance
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
18,90 |
43,29 |
-24,39 |
|
A) CURRENT ASSETS |
81,10 |
56,71 |
24,39 |
|
LIABILITIES |
|||
|
A) NET WORTH |
50,46 |
38,98 |
11,47 |
|
B) NON CURRENT LIABILITIES |
11,12 |
15,38 |
-4,26 |
|
C) CURRENT LIABILITIES |
38,42 |
45,64 |
-7,22 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,93 |
98,43 |
1,50 |
|
Other operating income |
0,07 |
1,57 |
-1,50 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-65,29 |
-62,24 |
-3,05 |
|
Variation in stocks of finished goods and work in progress |
-1,16 |
0,08 |
-1,24 |
|
GROSS MARGIN |
33,55 |
37,84 |
-4,29 |
|
Other operating costs |
-12,44 |
-15,38 |
2,94 |
|
Labour cost |
-16,26 |
-13,44 |
-2,82 |
|
GROSS OPERATING RESULT |
4,84 |
9,02 |
-4,18 |
|
Amortization of fixed assets |
-1,92 |
-4,98 |
3,06 |
|
Deterioration and result for fixed assets disposal |
0,06 |
-0,06 |
0,12 |
|
Other expenses / income |
0,11 |
|
|
|
NET OPERATING RESULT |
3,10 |
3,98 |
-0,88 |
|
Financial result |
-2,95 |
-1,04 |
-1,91 |
|
RESULT BEFORE TAX |
0,15 |
2,94 |
-2,79 |
|
Taxes on profits |
-0,07 |
-0,90 |
0,83 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,08 |
|
|
|
NET RESULT |
0,08 |
2,04 |
-1,96 |
Main Ratios
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
8.643.726,37 |
236.319,56 |
1.048.044,54 |
2.741.629,10 |
|
Working capital ratio |
0,43 |
0,01 |
0,09 |
0,23 |
|
Soundness Ratio |
2,67 |
0,52 |
0,93 |
1,34 |
|
Average Collection Period (days) |
116 |
72 |
102 |
118 |
|
Average Payment Period (days) |
50 |
54 |
75 |
99 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
211,07 |
1,02 |
1,19 |
1,63 |
|
Quick Ratio (%) |
16,49 |
0,01 |
0,06 |
0,24 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
32,84 |
21,70 |
31,07 |
45,39 |
|
External Financing Average Cost |
0,03 |
0,04 |
0,05 |
0,06 |
|
Debt Service Coverage |
10,70 |
1,29 |
4,28 |
7,96 |
|
Interest Coverage |
5,22 |
0,83 |
1,98 |
5,14 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
2,03 |
3,98 |
7,03 |
10,08 |
|
Auto financing generated by Assets (%) |
3,07 |
4,30 |
8,13 |
12,27 |
|
Breakdown Point |
1,03 |
1,01 |
1,03 |
1,06 |
|
Average Sales Volume per Employee |
208.122,45 |
178.304,28 |
232.839,38 |
328.500,56 |
|
Average Cost per Employee |
33.865,73 |
27.578,10 |
32.355,69 |
36.619,31 |
|
Assets Turnover |
1,51 |
0,96 |
1,21 |
1,49 |
|
Inventory Turnover (days) |
90 |
52 |
81 |
121 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
4,68 |
1,34 |
3,98 |
7,13 |
|
Operating Profitability (%) |
7,68 |
4,97 |
10,65 |
14,83 |
|
Return on Equity (ROE) (%) |
0,44 |
1,71 |
8,00 |
18,47 |
ADDITIONAL INFORMATION
Consulted Sources
Central Commercial Registry
Mercantile Registrars
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
Telephone directory: PÁGINAS AMARILLAS
Telephone directory: PÁGINAS BLANCAS
This company has been consulted was last displayed on 13/12/2011,
55 times in the last quarter and 419 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.81 |
|
UK Pound |
1 |
Rs.82.00 |
|
Euro |
1 |
Rs.68.81 |
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.