MIRA
INFORM REPORT
|
Report Date : |
17.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
SALVADOR MULET SL |
|
|
|
|
Registered Office : |
Carretera Nacional 332 (Alicante-Valencia), Km 191.5 03740 Gata De Gorgos Alicante |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
07.01.1999 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of luggage, handbags and the like, saddlery and harness |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
69.000,00 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 30, 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
SALVADOR MULET SL
TAX NUMBER: B53331153
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: SALVADOR MULET SL
Commercial name: KBAS
Other names: YES
Current Address: CARRETERA NACIONAL 332
(ALICANTE-VALENCIA), KM 191.5
Branches: 3
Telephone number: 902886667 Fax: 965761067
URL: www.kbas.es
Corporate e-mail: salvadormulet@kbas.es
Trade Risk
Credit Appraisal: 69.000,00
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2010): 3.089.906,94 (Commercial Registry)
Result: 88.040,97
Total Assets: 3.471.673,7
Share capital: 691.150,00
Employees: 10
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 07/01/1999
Activity: Leather industry: travel accesories
NACE 2009 CODE: 1512
International Operations: Imports and Exports
Corporate Structure
Sole Administrator:
Other Complementary Information
Latest filed accounts published in the Commercial Registry: 2010
Type of Accounts available at the Commercial Registry: Individuals
Latest act published in BORME: 09/08/2011 Annual Filed Accounts
Bank Entities: There are
RATING
Credit Appraisal
Maximum Credit
(from 0 to
6,000,000 )
Favourable to 69.000,00
Financial Situation
|
Exercise:2010 |
Evolution |
|
||
|
Treasury |
Excellent |
|
||
|
Indebtedness |
Nil |
|
||
|
Profitability |
Average |
|
||
|
Balance |
Excellent |
|
||
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
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
15/12/2011 15:12:38
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 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
1.478.937,26 |
42,60 |
1.671.957,41 |
45,11 |
1.812.111,82 |
56,83 |
|
B) CURRENT ASSETS |
1.992.736,44 |
57,40 |
2.034.501,81 |
54,89 |
1.376.277,08 |
43,17 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
2.825.812,45 |
81,40 |
2.737.771,48 |
73,86 |
2.321.463,97 |
72,81 |
|
B) NON CURRENT LIABILITIES |
534.442,18 |
15,39 |
766.893,16 |
20,69 |
309.046,67 |
9,69 |
|
C) CURRENT LIABILITIES |
111.419,07 |
3,21 |
201.794,58 |
5,44 |
557.878,26 |
17,50 |
Profit and Loss Account Analysis
Figures given in
|
|
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
3.089.906,94 |
|
3.333.625,78 |
|
2.136.499,63 |
|
|
GROSS MARGIN |
1.441.300,80 |
46,65 |
1.571.849,66 |
47,15 |
1.010.572,69 |
47,30 |
|
EBITDA |
437.395,32 |
14,16 |
564.553,78 |
16,94 |
90.337,73 |
4,23 |
|
EBIT |
396.203,95 |
12,82 |
525.517,12 |
15,76 |
57.122,00 |
2,67 |
|
NET RESULT |
88.040,97 |
2,85 |
415.795,51 |
12,47 |
-216.798,14 |
-10,15 |
|
EFFECTIVE TAX RATE (%) |
15,14 |
0,00 |
24,04 |
0,00 |
-35,84 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
42,60 |
25,12 |
17,48 |
|
|
|
|
|
A) CURRENT ASSETS |
57,40 |
74,88 |
-17,48 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
81,40 |
47,17 |
34,23 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
15,39 |
9,77 |
5,63 |
|
|
|
|
|
C) CURRENT LIABILITIES |
3,21 |
43,06 |
-39,85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
98,55 |
99,40 |
-0,85 |
|
|
|
|
|
GROSS MARGIN |
45,97 |
35,56 |
10,41 |
|
|
|
|
|
EBITDA |
13,95 |
6,12 |
7,83 |
|
|
|
|
|
EBIT |
12,64 |
4,85 |
7,79 |
|
|
|
|
|
NET RESULT |
2,81 |
2,91 |
-0,10 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 1512
Number of companies: 26
Size (Sales Figure): 2,800,000.00 - 7,000,000.00 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 |
88.040,97 |
Legal Reserve |
0,00 |
|
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 |
88.040,97 |
|
Total of Amounts to be distributed |
88.040,97 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
88.040,97 |
ADDRESSES
Current Legal Seat Address:
CARRETERA NACIONAL 332 (ALICANTE-VALENCIA), KM 191.5
03740 GATA
DE GORGOS ALICANTE
Characteristics of the current address
Type of establishment: factory
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE DELS FILASSERS, 6 |
03750 |
PEDREGUER |
Alicante |
|
CARRETERA NACIONAL 332, 91 - 5 |
03750 |
PEDREGUER |
Alicante |
|
LUGAR PARTIDA DELS PLANS, 26 |
03740 |
GATA DE GORGOS |
Alicante |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
10/02/2011)
Other Positions : 5 (latest change: 11/02/2011)
Operative Board Members : 5 (latest change: 27/06/2011)
Non-current positions : 2 (latest change: 10/02/2011)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
MULET SOLER, SALVADOR |
10/02/2011 |
|
|
|
|
There are 6 board members, directors and auditors
Board members remuneration
Source: Annual financial
report 2010
Board
members remuneration: 72.696,60
|
POSITION |
NAME AND SURNAME |
|
Manager |
MULET PEDRO, SALVADOR VALENTIN |
|
Financial Manager |
MULET PEDRO, JOSEFA |
|
Commercial Director |
MULET PEDRO, SALVADOR VALENTIN |
|
Exports Director |
MULET SOLER, SALVADOR |
|
Imports Director |
MULET SOLER, SALVADOR |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PEDRO MULET ANTONIA |
|
50,00 |
OWN SOURCES |
27/06/2011 |
|
|
MULET PEDRO SALVADOR VALENTIN |
|
50,00 |
OWN SOURCES |
27/06/2011 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: SALVADOR MULET SOLER
|
COMPANY |
POSITION |
PROVINCE |
|
PRICKLY PEAR SL |
Administrador |
ALICANTE |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: SALVADOR MULET
URL: www.kbas.es
Kbas Kbas.
URL: es-la.facebook.com
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URL: www.modalia.com
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tienda de moda y accesorios en Internet. Podrαs comprar zapatos, bolsos,
sombreros, accesorios y muchas cosas mαs.
BUSINESS INFORMATION
Incorporation date: 07/01/1999
Code: 1442100
Activity: Leather industry: travel accesories
NACE 2009 CODE: 1512
NACE 2009 Activity: Manufacture of luggage, handbags and the
like, saddlery and harness
Business: TRADE ALL KINDS OF ARTICLES OF GIFT
OR DECORATION. And
especially basketry, wicker, straw or Palm AND MARKETING articles
and products for promotion. CORPORATE
IMAGE AND ADVERTISING.
Latest employees figure: 10 (2011)
% of fixed employees: 85,71%
% of temporary employees: 14,29%
Employees evolution
|
|
|
|
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
5573 |
AV. MARQUES DE CAMPO, 29 - DENIA |
DENIA |
Alicante |
Grants
|
|
|
|
Body-entity: CΑMARA DE COMERCIO DE ALICANTE, ICEX, IVEX Grant type: Projects development
or business enlargement or improvement Granting year: 2010 |
Nominal amount: 3.529,33 Amount received in the
exercise: 3.529,33 Amount pending collection:
0,00 Source: Filed
Accounts (2010) |
|
Operation description: para la realizaciσn de un proyecto PIPE |
|
|
|
|
|
Body-entity: ICEX Grant type: Other grants
(grouped amounts or not classified) Granting year: 2010 |
Nominal amount: 4.122,00 Amount received in the
exercise: 4.122,00 Amount pending collection:
0,00 Source: Filed
Accounts (2010) |
|
Operation description: por la participaciσn en la feria MIPEL II |
|
|
|
|
|
Body-entity: ITENE Grant type: To
technology and innovation (IT, R&D, etc) Granting year: 2010 |
Nominal amount: 28.440,00 Amount received in the
exercise: 28.440,00 Amount pending collection:
0,00 Source: Filed
Accounts (2010) |
|
Operation description: para el desarrollo de un innovador sistema
logνstico para la gestiσn del almacenaje integrado con las herramientas informαticas
de la empresa. |
|
|
|
|
FORMER NAMES:
MARINA GATA S.L.
Brand name: KBAS (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 09/06/2010
Brand name: BOLSOS KBAGS COMPLEMENTOS (Valid)
Type: JOINT Scope: NATIONAL Date: 14/03/2007
LEGAL STRUCTURE
Constitution Data
Register Date: 07/01/1999
Register town: Alicante
Announcement number: 121655
Social Capital: 30.050,61
Legal form: Limited Liability Company
Share capital: 691.150,00
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE COMMERCIAL REGISTRY)
Acts on activity: 0
Acts on administrators: 7 (Last: 11/02/2011, first:
06/04/1999)
Acts on capital: 1 (Last: 30/05/2003)
Acts on creation: 1 (Last: 06/04/1999)
Acts on filed accounts: 12 (Last: 09/08/2011, first:
11/10/2000)
Acts on identification: 1 (Last: 30/10/2007)
Acts on Information: 1 (Last: 10/02/2011)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Appointments |
11/02/2011 |
62016 |
Alicante |
|
Modification of the Articles of Association |
10/02/2011 |
58032 |
Alicante |
|
Appointments |
10/02/2011 |
58032 |
Alicante |
|
Resignations |
10/02/2011 |
58032 |
Alicante |
|
Appointments |
09/02/2011 |
56565 |
Alicante |
|
Change of business name |
30/10/2007 |
538529 |
Alicante |
|
Appointments |
21/01/2005 |
24816 |
Alicante |
|
Appointments |
21/01/2005 |
24815 |
Alicante |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2010) |
09/08/2011 |
259631 |
Alicante |
|
Annual Filed Accounts (2009) |
30/08/2010 |
403929 |
Alicante |
|
Annual Filed Accounts (2008) |
19/11/2009 |
885845 |
Alicante |
Complementary Information
Financial Information
The stock closed on 31/12/2007 (Deposit 2007)
is available in reports, but has
not been charged in their accounts to present the following anomaly: The Total Assets
not add their breakdown.
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 25/08/2011.
SITUATION BALANCE-SHEET
Assets
Figures given in
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
1.478.937,26 |
42,60 |
1.671.957,41 |
45,11 |
1.812.111,82 |
56,83 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
1.460.373,51 |
42,07 |
1.394.067,19 |
37,61 |
1.433.103,85 |
44,95 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
257.593,00 |
6,95 |
|
|
|
V. Long Term Financial Investments |
|
|
|
|
257.593,00 |
8,08 |
|
VI. Assets by deferred taxes |
18.563,75 |
0,53 |
20.297,22 |
0,55 |
121.414,97 |
3,81 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.992.736,44 |
57,40 |
2.034.501,81 |
54,89 |
1.376.277,08 |
43,17 |
|
I. Stocks |
387.505,83 |
11,16 |
294.184,93 |
7,94 |
192.567,93 |
6,04 |
|
II. Trade Debtors and other receivable accounts |
130.963,29 |
3,77 |
379.367,64 |
10,24 |
426.240,71 |
13,37 |
|
1. Clients |
58.394,20 |
1,68 |
298.998,38 |
8,07 |
316.571,26 |
9,93 |
|
b) Clients for sales and short term services
rendering |
58.394,20 |
1,68 |
298.998,38 |
8,07 |
316.571,26 |
9,93 |
|
3. Other debtors |
72.569,09 |
2,09 |
80.369,26 |
2,17 |
109.669,45 |
3,44 |
|
III. Short term investments in associated and affiliated companies |
278.886,91 |
8,03 |
|
|
|
|
|
IV. Short term financial investments |
569.003,44 |
16,39 |
78.185,55 |
2,11 |
353.192,31 |
11,08 |
|
V. Short term periodifications |
|
|
|
|
|
|
|
VI. Cash and equivalents |
626.376,97 |
18,04 |
1.282.763,69 |
34,61 |
404.276,13 |
12,68 |
|
TOTAL ASSETS (A + B) |
3.471.673,70 |
100,00 |
3.706.459,22 |
100,00 |
3.188.388,90 |
100,00 |
Net Worth and Liabilities
Figures given in
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
|
A) NET WORTH |
2.825.812,45 |
81,40 |
2.737.771,48 |
73,86 |
2.321.463,97 |
72,81 |
|
A-1) Equity |
2.825.812,45 |
81,40 |
2.737.771,48 |
73,86 |
2.321.463,97 |
72,81 |
|
I. Capital |
691.150,00 |
19,91 |
691.150,00 |
18,65 |
691.150,00 |
21,68 |
|
1. Authorized capital |
691.150,00 |
19,91 |
691.150,00 |
18,65 |
691.150,00 |
21,68 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
2.046.109,48 |
58,94 |
1.847.112,11 |
49,83 |
1.847.112,11 |
57,93 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
-216.798,14 |
-5,85 |
|
|
|
VI. Other loans from partners |
512,00 |
0,01 |
512,00 |
0,01 |
|
|
|
VII. Exercise Result |
88.040,97 |
2,54 |
415.795,51 |
11,22 |
-216.798,14 |
-6,80 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
534.442,18 |
15,39 |
766.893,16 |
20,69 |
309.046,67 |
9,69 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
485.556,91 |
13,99 |
720.531,13 |
19,44 |
264.959,58 |
8,31 |
|
1. Debts with bank entities |
377.588,72 |
10,88 |
586.664,23 |
15,83 |
83.333,34 |
2,61 |
|
2. Financial leasing creditors |
107.968,19 |
3,11 |
133.866,90 |
3,61 |
181.626,24 |
5,70 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
48.885,27 |
1,41 |
46.362,03 |
1,25 |
44.087,09 |
1,38 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
111.419,07 |
3,21 |
201.794,58 |
5,44 |
557.878,26 |
17,50 |
|
I. Short term provisions |
|
|
|
|
|
|
|
II. Short term debts |
42.147,79 |
1,21 |
24.528,51 |
0,66 |
476.723,43 |
14,95 |
|
1. Debts with bank entities |
|
|
|
|
476.723,43 |
14,95 |
|
2. Financial leasing creditors |
42.147,79 |
1,21 |
24.528,51 |
0,66 |
|
|
|
III. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Trade creditors and other payable accounts |
69.271,28 |
2,00 |
177.266,07 |
4,78 |
81.154,83 |
2,55 |
|
1. Suppliers |
12.899,44 |
0,37 |
|
|
|
|
|
b) Short term suppliers |
12.899,44 |
0,37 |
|
|
|
|
|
2. Other creditors |
56.371,84 |
1,62 |
177.266,07 |
4,78 |
81.154,83 |
2,55 |
|
V. Short term periodifications |
|
|
|
|
|
|
|
VI. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
3.471.673,70 |
100,00 |
3.706.459,22 |
100,00 |
3.188.388,90 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in
|
|
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
3.089.906,94 |
98,55 |
3.333.625,78 |
98,58 |
2.136.499,63 |
99,56 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-1.694.042,27 |
-54,03 |
-1.809.950,70 |
-53,52 |
-1.135.386,94 |
-52,91 |
|
5. Other operating income |
45.436,13 |
1,45 |
48.174,58 |
1,42 |
9.460,00 |
0,44 |
|
6. Labour cost |
-359.387,76 |
-11,46 |
-349.167,42 |
-10,32 |
-310.310,52 |
-14,46 |
|
7. Other operating costs |
-650.478,25 |
-20,75 |
-670.867,88 |
-19,84 |
-623.070,72 |
-29,03 |
|
8. Amortization of fixed assets |
-41.191,37 |
-1,31 |
-39.036,66 |
-1,15 |
-33.215,73 |
-1,55 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
|
|
12. Other results |
5.960,53 |
0,19 |
12.739,42 |
0,38 |
13.146,28 |
0,61 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) |
396.203,95 |
12,64 |
525.517,12 |
15,54 |
57.122,00 |
2,66 |
|
13. Financial income |
7.838,10 |
0,25 |
13.009,29 |
0,38 |
24.195,28 |
1,13 |
|
b) Other financial income |
7.838,10 |
0,25 |
13.009,29 |
0,38 |
24.195,28 |
1,13 |
|
14. Financial expenses |
-39.948,33 |
-1,27 |
-46.190,58 |
-1,37 |
-23.830,13 |
-1,11 |
|
15. Reasonable value variation on financial instruments |
-5.665,22 |
-0,18 |
1.758,88 |
0,05 |
-88.748,66 |
-4,14 |
|
16. Exchange differences |
4.371,76 |
0,14 |
17.299,44 |
0,51 |
-118.029,76 |
-5,50 |
|
17. Deterioration and result for disposal of financial instruments |
-259.046,10 |
-8,26 |
36.009,93 |
1,06 |
-188.605,61 |
-8,79 |
|
18. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (13 + 14 + 15 + 16 + 17 + 18) |
-292.449,79 |
-9,33 |
21.886,96 |
0,65 |
-395.018,88 |
-18,41 |
|
C) RESULT BEFORE TAXES (A + B) |
103.754,16 |
3,31 |
547.404,08 |
16,19 |
-337.896,88 |
-15,75 |
|
19. Taxes on profits |
-15.713,19 |
-0,50 |
-131.608,57 |
-3,89 |
121.098,74 |
5,64 |
|
D) EXERCISE RESULT (C + 19) |
88.040,97 |
2,81 |
415.795,51 |
12,30 |
-216.798,14 |
-10,10 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
For the financial statements presented under the SMEs model (PYMES), the
Net Worth Changes Status is formed by a single table. For the rest of the
cases there would be shown the two tables corresponding to the mentioned status
with the exception of the company not having operations reflected in the
Status of recognized income and expenses and that, for this reason, it has no
data.
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 1 /2) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
OTHER LOANS FROM PARTNERS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
691.150,00 |
1.590.798,96 |
|
|
|
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) |
691.150,00 |
1.590.798,96 |
|
|
|
I. Profit and loss account result |
|
|
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
256.313,15 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
691.150,00 |
1.847.112,11 |
|
|
|
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) |
691.150,00 |
1.847.112,11 |
|
|
|
I. Profit and loss account result |
|
|
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
-216.798,14 |
512,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
691.150,00 |
1.630.825,97 |
|
|
|
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) |
691.150,00 |
1.630.825,97 |
|
|
|
I. Profit and loss account result |
|
|
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
415.283,51 |
|
512,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
691.150,00 |
2.046.109,48 |
|
512,00 |
|
NET WORTH CHANGES ( 2 /2) |
EXERCISE RESULT |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
256.313,15 |
2.538.262,11 |
|
|
|
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) |
256.313,15 |
2.538.262,11 |
|
|
|
I. Profit and loss account result |
-216.798,14 |
-216.798,14 |
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-256.313,15 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-216.798,14 |
2.321.463,97 |
|
|
|
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) |
-216.798,14 |
2.321.463,97 |
|
|
|
I. Profit and loss account result |
415.795,51 |
415.795,51 |
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
216.798,14 |
512,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
415.795,51 |
2.737.771,48 |
|
|
|
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) |
415.795,51 |
2.737.771,48 |
|
|
|
I. Profit and loss account result |
88.040,97 |
88.040,97 |
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-415.795,51 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
88.040,97 |
2.825.812,45 |
|
|
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
1.881.317,37 |
2,65 |
1.832.707,23 |
123,94 |
818.398,82 |
|
Working capital ratio |
0,54 |
10,20 |
0,49 |
88,46 |
0,26 |
|
Soundness Ratio |
1,91 |
16,46 |
1,64 |
28,12 |
1,28 |
|
Average Collection Period (days) |
15 |
-63,16 |
41 |
-43,00 |
72 |
|
Average Payment Period (days) |
11 |
-57,75 |
26 |
54,35 |
17 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
1.788,51 |
77,40 |
1.008,20 |
308,67 |
246,70 |
|
Quick Ratio (%) |
1.072,87 |
59,08 |
674,42 |
396,70 |
135,78 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
15,20 |
-24,38 |
20,10 |
-13,59 |
23,26 |
|
External Financing Average Cost |
0,08 |
33,33 |
0,06 |
100,00 |
0,03 |
|
Debt Service Coverage |
4,08 |
148,78 |
1,64 |
140,59 |
-4,04 |
|
Interest Coverage |
9,92 |
-12,83 |
11,38 |
374,17 |
2,40 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
4,18 |
-69,35 |
13,64 |
258,79 |
-8,59 |
|
Auto financing generated by Assets (%) |
3,72 |
-69,68 |
12,27 |
313,02 |
-5,76 |
|
Breakdown Point |
1,15 |
-3,36 |
1,19 |
15,53 |
1,03 |
|
Average Sales Volume per Employee |
220.235,70 |
-1,76 |
224.184,65 |
35,78 |
165.108,16 |
|
Average Cost per Employee |
25.615,66 |
9,09 |
23.481,33 |
-2,08 |
23.980,72 |
|
Assets Turnover |
0,89 |
-1,11 |
0,90 |
34,33 |
0,67 |
|
Inventory Turnover (days) |
82 |
40,49 |
59 |
-4,12 |
61 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
11,41 |
-19,53 |
14,18 |
692,18 |
1,79 |
|
Operating Profitability (%) |
12,60 |
-17,27 |
15,23 |
438,16 |
2,83 |
|
Return on Equity (ROE) (%) |
3,67 |
-81,65 |
20,00 |
237,46 |
-14,56 |
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 |
42,60 |
25,12 |
17,48 |
|
A) CURRENT ASSETS |
57,40 |
74,88 |
-17,48 |
|
LIABILITIES |
|||
|
A) NET WORTH |
81,40 |
47,17 |
34,23 |
|
B) NON CURRENT LIABILITIES |
15,39 |
9,77 |
5,63 |
|
C) CURRENT LIABILITIES |
3,21 |
43,06 |
-39,85 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
98,55 |
99,40 |
-0,85 |
|
Other operating income |
1,45 |
0,60 |
0,85 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-54,03 |
-64,39 |
10,36 |
|
Variation in stocks of finished goods and work in progress |
|
-0,05 |
|
|
GROSS MARGIN |
45,97 |
35,56 |
10,41 |
|
Other operating costs |
-20,75 |
-13,77 |
-6,98 |
|
Labour cost |
-11,46 |
-15,89 |
4,43 |
|
GROSS OPERATING RESULT |
13,76 |
5,90 |
7,86 |
|
Amortization of fixed assets |
-1,31 |
-1,17 |
-0,14 |
|
Deterioration and result for fixed assets disposal |
|
0,12 |
|
|
Other expenses / income |
0,19 |
|
|
|
NET OPERATING RESULT |
12,64 |
4,85 |
7,79 |
|
Financial result |
-9,33 |
-0,87 |
-8,46 |
|
RESULT BEFORE TAX |
3,31 |
3,98 |
-0,67 |
|
Taxes on profits |
-0,50 |
-1,06 |
0,56 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
2,81 |
|
|
|
NET RESULT |
2,81 |
2,91 |
-0,10 |
Main Ratios
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
1.881.317,37 |
340.938,07 |
649.858,96 |
1.119.149,54 |
|
Working capital ratio |
0,54 |
0,18 |
0,29 |
0,44 |
|
Soundness Ratio |
1,91 |
0,99 |
1,59 |
4,66 |
|
Average Collection Period (days) |
15 |
43 |
78 |
118 |
|
Average Payment Period (days) |
11 |
0 |
0 |
0 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
1.788,51 |
1,27 |
1,70 |
2,55 |
|
Quick Ratio (%) |
1.072,87 |
0,08 |
0,26 |
0,64 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
15,20 |
0,00 |
0,00 |
0,00 |
|
External Financing Average Cost |
0,08 |
|
0,57 |
|
|
Debt Service Coverage |
4,08 |
0,00 |
0,00 |
0,00 |
|
Interest Coverage |
9,92 |
1,31 |
2,91 |
8,88 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
4,18 |
1,47 |
3,37 |
5,42 |
|
Auto financing generated by Assets (%) |
3,72 |
2,66 |
4,62 |
7,47 |
|
Breakdown Point |
1,15 |
1,02 |
1,04 |
1,07 |
|
Average Sales Volume per Employee |
220.235,70 |
82.184,05 |
135.056,45 |
278.073,99 |
|
Average Cost per Employee |
25.615,66 |
20.516,23 |
22.562,70 |
24.738,31 |
|
Assets Turnover |
0,89 |
1,04 |
1,77 |
2,32 |
|
Inventory Turnover (days) |
82 |
29 |
66 |
136 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
11,41 |
3,44 |
4,88 |
11,60 |
|
Operating Profitability (%) |
12,60 |
4,97 |
8,64 |
12,72 |
|
Return on Equity (ROE) (%) |
3,67 |
6,55 |
9,48 |
21,97 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.81 |
|
|
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 SCs 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.