MIRA
INFORM REPORT
|
Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
ALPHADVENTURE SL |
|
|
|
|
Registered Office : |
Avenida De
Castilla, 32 - Nave 65, 28830 San Fernando De
Henares Madrid |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
15.03.1994 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
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 : |
119.199,00 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
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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 June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
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
ALPHADVENTURE SL
TAX NUMBER: B80838956
Company situation: Active
Identification
Current Business Name : ALPHADVENTURE SL
Other names : YES
Current Address : Avenida De Castilla, 32 - Nave 65, 28830 San Fernando De
Henares Madrid
Telephone number : 916775510 Fax: 916775665
URL : www.alphadventure.com
Corporate e-mail : administracion@alphadventure.com
Trade Risk
Credit Appraisal : 119.199,00
Incidents : NO
R.A.I. : NO
Bank and business defaults of
payment - ASNEF INDUSTRIAL: NO
Financial Information
Latest sales known (2010) : 8.000.000,00 (Estimated)
Balance sheet latest
sales (2009) : 7.681.419,53 (Trade Register)
Result : 67.455,89
Total Assets : 4.974.093,39
Social Capital : 1.803.000,00
Employees : 35
Listed on a Stock Exchange : NO
Commercial Information
Incorporation date : 15/03/1994
Activity : Retail sale of textiles & footwear , etc.
NACE 2009 CODE : 4751
International Operations : Exports
Corporate Structure
Sole Administrator:
ESCALANTE E MEILAN DE AVILA EDUARDO MANUEL
Parent Company:
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: 22/10/2010 Annual Filed Accounts
Latest press article: No
press articles registered for this company.
Bank Entities: There are
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 )
Favourable to 119.199,00
Summary
LEGAL ACTIONS: No
legal actions registered.
ADMINISTRATIVE CLAIMS: No
administrative claims registered
AFFECTED BY:
1 Company / Companies in Insolvency Proceedings.
BANK AND BUSINESS DEFAULTS OF PAYMENT - ASNEF INDUSTRIAL 
Summary
COMPANY
NOT REGISTERED IN ASNEF INDUSTRIAL
There are no information on the
nif/cif provided in the Asnef Industrial 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
11/02/2011 08:02:49
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
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
|
|
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 |
629.040,75 |
12,65 |
658.074,23 |
11,28 |
696.356,05 |
12,61 |
|
B) CURRENT ASSETS |
4.345.052,64 |
87,35 |
5.177.370,14 |
88,72 |
4.826.748,04 |
87,39 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
3.174.134,30 |
63,81 |
3.106.678,41 |
53,24 |
3.038.272,29 |
55,01 |
|
B) NON CURRENT LIABILITIES |
59.437,19 |
1,19 |
66.252,25 |
1,14 |
70.950,91 |
1,28 |
|
C) CURRENT LIABILITIES |
1.740.521,90 |
34,99 |
2.662.513,71 |
45,63 |
2.413.880,90 |
43,71 |
Profit and Loss Account Analysis
Figures
given in
|
|
2010 ESTIMATED |
31/12/2009 (12) BALANCE
SHEET |
%
NET TURNOVER |
31/12/2008 (12) BALANCE
SHEET |
%
NET TURNOVER |
|
SALES |
8.000.000,00 |
7.681.419,53 |
|
10.384.963,36 |
|
|
GROSS MARGIN |
|
1.887.489,68 |
24,57 |
1.984.825,00 |
19,11 |
|
EBITDA |
|
130.660,29 |
1,70 |
118.345,60 |
1,14 |
|
EBIT |
|
91.030,73 |
1,19 |
77.375,03 |
0,75 |
|
NET RESULT |
|
67.455,89 |
0,88 |
60.432,60 |
0,58 |
|
EFFECTIVE TAX RATE (%) |
|
28,18 |
|
26,95 |
|
COMPARATIVE SECTOR ANALYSIS
Values table
Figures
expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on
the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
12,65 |
46,15 |
-33,50 |
|
A) CURRENT ASSETS |
87,35 |
53,85 |
33,50 |
|
LIABILITIES |
|||
|
A) NET WORTH |
63,81 |
38,76 |
25,05 |
|
B) NON CURRENT LIABILITIES |
1,19 |
17,31 |
-16,12 |
|
C) CURRENT LIABILITIES |
34,99 |
43,92 |
-8,93 |
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT
ANALYSIS: % on the total operating income |
|
|
|
|
SALES |
99,94 |
98,88 |
1,07 |
|
GROSS MARGIN |
24,56 |
45,70 |
-21,14 |
|
EBITDA |
1,70 |
7,00 |
-5,30 |
|
EBIT |
1,18 |
3,17 |
-1,98 |
|
NET RESULT |
0,88 |
1,80 |
-0,93 |
Sector Composition
Compared sector (NACE 2009) : 4751
Number of companies : 8
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 2009
Figures given in
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
67.455,89 |
Legal Reserve |
6.745,59 |
|
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 |
60.710,30 |
|
Total of Amounts to be
distributed |
67.455,89 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
67.455,89 |
Auditing
Source: filing
of annual financial statement 2009
Auditors opinion: FAVOURABLE
WITH RESERVATIONS
Auditor: SEGURA
BULDU JUAN
Auditing exceptions:
LA SOCIEDAD NO HA PODIDO FACILITARME EL LIBRO DE ACTAS DE LA
JUNTA GENERAL DE ACCIONISTAS. NO HE PODIDO, MEDIANTE OTROS PROCEDIMIENTOS
ALTERNATIVOS, OBTENER EVIDENCIA ADECUADA Y SUFICIENTE. LA SOCIEDAD NO HA PODIDO
FACILITARME LA DOCUMENTACION NECESARIA PARA PODER DETERMINAR LA EXISTENCIA O NO
DE EMPRESAS DEL GRUPO Y ASOCIADAS. POR CONSIGUIENTE NO SE HA PODIDO VERIFICAR
SI LA MEMORIA ADJUNTA OFRECE TODA LA INFORMACION REQUERIDA, SI EL BALANCE Y LA
CUENTA DE RESULTADOS PRESENTAN UNA ADECUADA CLASIFICACION EN RELACION A SALDOS
Y TRANSACCIONES TODO ELLO EN RELACION CON LAS EMPRESAS DEL GRUPO Y ASOCIADAS.
NO HE PODIDO, MEDIANTE OTROS PROCEDIMIENTOS ALTERNATIVOS, OBTENER EVIDENCIA
ADECUADA Y SUFICIENTE.
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.
ADDRESSES
Current Legal Seat Address:
AVENIDA DE CASTILLA, 32 - NAVE 65, 28830 SAN
FERNANDO DE HENARES
Previous Seat Address
CALLE
Characteristics of the current
address
Type of establishment: store
Local Situation: main
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Main Board members, Directors and Auditor
|
POSITION |
NAME AND SURNAME |
APPOINTMENT DATE |
|
|
SOLE ADMINISTRATOR |
ESCALANTE E MEILAN DE AVILA EDUARDO MANUEL |
01/10/1998 |
|
|
AUDITOR |
APPOINTMENT DATE |
||
|
SEGURA BULDU JUAN |
02/03/2009 |
||
|
BGT AUDITORES SL |
02/03/2009 |
||
Board members remuneration
Source: Annual
financial report 2009
Board
members remuneration: 0,00
Functional Managers
|
POSITION |
NAME AND SURNAME |
|
General Manager |
ESCALANTE E. MEILAN DE AVILA EDUARDO MANUEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PREZA HOLDINGS LTD |
UNITED KINGDOM |
96,67 |
TRADE REG. |
31/12/2009 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ESCALANTE E MEILAN DE
|
COMPANY |
POSITION |
PROVINCE |
|
NORTHERN TERRITORY S.L. |
Administrador ϊnico |
MADRID |
|
MIDEST ESPANA SL |
Administrador ϊnico |
MADRID |
|
ADVENTURE TERRITORY S.L. |
Administrador solidario / mancomunado |
MADRID |
In case you need more information you can request:Board Members Monitoring
Search Criterion: ALPHADVENTURE SL
URL: industrias-textiles-vestir.europages.es
Textil hogar - Espaρa : lista de proveedores
Textil hogar de la ... ALPHADVENTURE S.L.. Proveedor de: Textil hogar.
Avenida De Castilla, 32 (Nav 82) 28830 San Fernando De Henares - ESPAΡA Tel.:
+34 916 77 55 10 ...
CREDIT INFORMATION
Incorporation date: 15/03/1994
Activity: Retail
sale of textiles & footwear , etc.
NACE 2009 CODE: 4751
NACE 2009 Activity: Retail
sale of textiles in specialised stores
Business: COMERCIO,
ALMACENAMIENTO Y DISTRIBUCION DE ARTICULOS DEPORTIVOS Y COMPLEMENTOS, PRODUCTOS
ALIMENTARIOS Y DE FERRETERIA, ASI COMO SU IMPORTACION Y EXPORTACION.
Latest employees figure: 35 (2011)
% of fixed employees: 100,00%
% of men: 37,50%
% of women: 62,50%
Employees evolution
|
|
|
|
Source: Annual
financial report 2009
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
9 |
15 |
SALES
Exports to: UNIΣN
EUROPEA Y RESTO DEL MUNDO
El 100% de su cifra de negocio corresponde a la venta de
ropa deportiva.
Professional and
advertising services
Source: Annual
financial report 2009
Professional services expenses: 290.409,54
Advertising services expenses: 32.087,60
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
SAN FERNANDO DE HENARES |
|
|
BANCO ESPAΡOL DE CREDITO, S.A. |
|
|
SAN FERNANDO DE HENARES |
|
|
BANCO DE SABADELL, S.A. |
|
|
|
|
|
BANCO GUIPUZCOANO, S.A. |
|
|
|
|
|
BANCO PASTOR, S.A. |
|
|
|
|
Discount facilities: 5
Credit policy: 0
Mortgage loan: 0
Loans with no real security: 0
|
Entity:BANCO
PASTOR, S.A. Debt type:Discount facilities Expiry date: 28/03/2010 |
Granted limit:100.000,00
Used limit:0,00 Available limit:100.000,00 Source: Filed Accounts (2009) |
|
|
|
|
Entity:BANCO
ESPAΡOL DE CREDITO, S.A. Debt type: Discount facilities |
Granted limit:120.000,00
Used limit:0,00 Available limit:120.000,00 Source: Filed Accounts (2009) |
|
|
|
|
Entity:BANCO
BILBAO VIZCAYA ARGENTARIA, S.A. Debt type: Discount facilities |
Granted limit:200.000,00
Used limit:0,00 Available limit:200.000,00 Source: Filed Accounts (2009) |
|
|
|
|
Entity:BANCO
GUIPUZCOANO, S.A. Debt type: Discount facilities |
Granted limit:225.000,00
Used limit:0,00 Available limit:225.000,00 Source: Filed Accounts (2009) |
|
|
|
|
Entity:CAJA
DE AHORROS Y M.P. DE ZARAGOZA, ARAGON Y RIOJA Debt type: Discount facilities |
Granted limit:1.200.000,00
Used limit:0,00 Available limit:1.200.000,00 Source: Filed Accounts (2009) |
|
|
|
Figures given in
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
|
|
Construcciones |
8.695,63 |
64.780,80 |
Brand name: GO&WIN (Valid)
Type: DENOMINATIVE
Scope: COMMUNITARY
Date: 16/03/2009
Brand name: ALPHADVENTURE (Valid)
Type: JOINT
Scope: INTERNATIONAL
Date: 20/06/2003
Brand name: A (Valid)
Type: JOINT
Scope: NATIONAL
Date: 20/11/1995
There are 9 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 15/03/1994
Register town: Madrid
Announcement number: 134584
Social Capital: 6.010,12
Legal form: Limited
Liability Company
Social Capital: 1.803.000,00
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: 8 (Last:
02/03/2009, first: 11/05/1994)
Acts on capital: 6 (Last:
04/02/2005, first: 14/02/2000)
Acts on creation: 1 (Last: 11/05/1994)
Acts on filed accounts: 16 (Last:
22/10/2010, first: 07/09/1998)
Acts on identification: 1 (Last: 01/10/1998)
Acts on Information: 1 (Last: 01/10/1998)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Appointments |
02/03/2009 |
107228 |
Madrid |
|
Resignations |
02/03/2009 |
107228 |
Madrid |
|
Appointments |
27/02/2009 |
105129 |
Madrid |
|
Re-elections |
13/12/2007 |
622675 |
Madrid |
|
Capital enlargement |
04/02/2005 |
52290 |
Madrid |
|
Appointments |
04/12/2003 |
466996 |
Madrid |
|
Capital enlargement |
27/12/2002 |
521906 |
Madrid |
|
Capital reduction |
27/12/2002 |
521906 |
Madrid |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
22/10/2010 |
876503 |
Madrid |
|
Annual Filed Accounts (2008) |
02/11/2009 |
794862 |
Madrid |
|
Annual Filed Accounts (2007) |
09/03/2009 |
84267 |
Madrid |
Press articles
No press articles registered for
this company.
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 11/11/2010.
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.
SITUATION BALANCE-SHEET
Assets
Figures
given in
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
629.040,75 |
12,65 |
658.074,23 |
11,28 |
696.356,05 |
12,61 |
|
I. Intangible assets |
5.941,80 |
0,12 |
3.489,60 |
0,06 |
279.571,33 |
5,06 |
|
3. Patents, licences , trademarks and similars |
5.941,80 |
0,12 |
3.489,60 |
0,06 |
|
|
|
II. Tangible fixed assets |
623.098,95 |
12,53 |
654.584,63 |
11,22 |
416.784,72 |
7,55 |
|
1. Property, plant and equipment |
352.631,08 |
7,09 |
390.569,34 |
6,69 |
|
|
|
2. Technical fittings and other tangible assets |
270.467,87 |
5,44 |
264.015,29 |
4,52 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in
associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial
Investments |
|
|
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial
debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
4.345.052,64 |
87,35 |
5.177.370,14 |
88,72 |
4.826.748,04 |
87,39 |
|
I. Non-current assets maintained
for sale |
|
|
|
|
|
|
|
II. Stocks |
487.778,48 |
9,81 |
726.080,24 |
12,44 |
522.695,58 |
9,46 |
|
1. Goods available for sale |
487.778,48 |
9,81 |
726.080,24 |
12,44 |
|
|
|
III. Trade Debtors and other
receivable accounts |
3.256.194,44 |
65,46 |
2.894.899,92 |
49,61 |
3.110.953,08 |
56,33 |
|
1. Clients |
3.190.998,23 |
64,15 |
2.823.647,80 |
48,39 |
3.014.169,47 |
54,57 |
|
b) Clients for sales and short term
services rendering |
3.190.998,23 |
64,15 |
2.823.647,80 |
48,39 |
|
|
|
6. Other credits with the Public Administrations |
65.196,21 |
1,31 |
71.252,12 |
1,22 |
96.783,62 |
1,75 |
|
IV. Short term investments in
associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial
investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
601.079,72 |
12,08 |
1.556.389,98 |
26,67 |
1.193.099,38 |
21,60 |
|
1. Treasury |
601.079,72 |
12,08 |
1.556.389,98 |
26,67 |
1.193.099,38 |
21,60 |
|
TOTAL ASSETS (A + B) |
4.974.093,39 |
100,00 |
5.835.444,37 |
100,00 |
5.523.104,09 |
100,00 |
Alerts associated to the conversion to PGC2007
In
the conversion process the amount of goods obtained through leasing, that under
PGC90 reaches %1 of the expenses, has been maintained in the item Intangible Assets,
as it is not possible to estimate in a precise way its accumulated
amortization, as, according to they nature, they should be registered in the
Tangible Assets.
In
the conversion process there has been estimated that the total item 143070 Provisions
on debtors according to PGC90, for %1, is associated to Clients for sales and
services rendering.
In
the conversion process there has been estimated that the total debit balance
with the Public Administrations in the Financial Statements of the previous
exercise corresponds to the balances collected in the item Other credits with
the Public Administrations under PGC2007.
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 |
3.174.134,30 |
63,81 |
3.106.678,41 |
53,24 |
3.038.272,29 |
55,01 |
|
A-1) Equity |
3.174.134,30 |
63,81 |
3.106.678,41 |
53,24 |
3.038.272,29 |
55,01 |
|
I. Capital |
1.803.000,00 |
36,25 |
1.803.000,00 |
30,90 |
1.803.000,00 |
32,64 |
|
1. Authorized capital |
1.803.000,00 |
36,25 |
1.803.000,00 |
30,90 |
1.803.000,00 |
32,64 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
1.303.678,41 |
26,21 |
1.243.245,81 |
21,31 |
1.167.883,35 |
21,15 |
|
1. Legal and statutory |
123.660,18 |
2,49 |
117.616,92 |
2,02 |
110.878,03 |
2,01 |
|
2. Other funds |
1.180.018,23 |
23,72 |
1.125.628,89 |
19,29 |
1.057.005,32 |
19,14 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
67.455,89 |
1,36 |
60.432,60 |
1,04 |
67.388,93 |
1,22 |
|
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 |
59.437,19 |
1,19 |
66.252,25 |
1,14 |
70.950,91 |
1,28 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
53.743,50 |
1,08 |
61.514,85 |
1,05 |
70.950,91 |
1,28 |
|
3. Financial leasing creditors |
53.743,50 |
1,08 |
61.514,85 |
1,05 |
|
|
|
5. Other financial liabilities |
|
|
|
|
70.950,91 |
1,28 |
|
III. Long term debts with
associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred
taxes |
5.693,69 |
0,11 |
4.737,40 |
0,08 |
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with
special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
1.740.521,90 |
34,99 |
2.662.513,71 |
45,63 |
2.413.880,90 |
43,71 |
|
I. Liabilities related with
non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
1.374.053,65 |
27,62 |
1.888.817,07 |
32,37 |
10.419,56 |
0,19 |
|
2. Debts with bank entities |
|
|
|
|
10.419,56 |
0,19 |
|
3. Financial leasing creditors |
7.646,66 |
0,15 |
7.215,78 |
0,12 |
|
|
|
5. Other financial liabilities |
1.366.406,99 |
27,47 |
1.881.601,29 |
32,24 |
|
|
|
IV. Short term debts with associated
and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other
payable accounts |
366.468,25 |
7,37 |
773.696,64 |
13,26 |
2.403.461,34 |
43,52 |
|
1. Suppliers |
|
|
222.350,35 |
3,81 |
2.317.531,56 |
41,96 |
|
b) Short term suppliers |
|
|
222.350,35 |
3,81 |
|
|
|
3. Different creditors |
277.547,36 |
5,58 |
457.156,26 |
7,83 |
|
|
|
4. Staff (pending remunerations) |
47.116,44 |
0,95 |
46.375,00 |
0,79 |
43.095,00 |
0,78 |
|
6. Other debts with Public Administrations |
41.804,45 |
0,84 |
47.815,03 |
0,82 |
42.834,78 |
0,78 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with
special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES
(A + B + C) |
4.974.093,39 |
100,00 |
5.835.444,37 |
100,00 |
5.523.104,09 |
100,00 |
Alerts associated to the conversion to PGC2007
The
valuation norms applicable to non-commercial debts has changed and, for this
reason the conversion of financial statements of the formulation exercise of
the accounts to PGC2007 could include certain inaccuracies.
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) |
%ING. EXPLOT. |
31/12/2008 (12) |
%ING. EXPLOT. |
31/12/2007 (12) |
%ING. EXPLOT. |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
7.681.419,53 |
99,94 |
10.384.963,36 |
99,98 |
12.682.300,04 |
99,66 |
|
A) Sales |
|
|
|
|
12.682.300,04 |
99,66 |
|
2. Variation in stocks of
finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-5.798.305,88 |
-75,44 |
-8.401.835,45 |
-80,89 |
-10.431.062,86 |
-81,97 |
|
a) Material consumed |
|
|
|
|
-10.388.244,05 |
-81,64 |
|
b) Raw materials consumed |
|
|
|
|
-7.928,47 |
-0,06 |
|
c) Works carried out for other companies |
|
|
|
|
-34.890,34 |
-0,27 |
|
5. Other operating income |
4.376,03 |
0,06 |
1.697,09 |
0,02 |
42.823,00 |
0,34 |
|
a) Other incomes |
|
|
|
|
35.294,38 |
0,28 |
|
b) Operating grants included in the exercise result |
|
|
|
|
7.528,62 |
0,06 |
|
6. Labour cost |
-790.231,30 |
-10,28 |
-797.133,21 |
-7,67 |
-796.496,18 |
-6,26 |
|
7. Other operating costs |
-952.732,99 |
-12,40 |
-1.289.980,23 |
-12,42 |
-1.170.997,03 |
-9,20 |
|
a) External services |
|
|
|
|
-1.166.172,28 |
-9,16 |
|
b) Taxes |
|
|
|
|
-4.045,86 |
-0,03 |
|
c) Losses, deterioration and variation on business
operations provisions |
|
|
|
|
-778,89 |
-0,01 |
|
8. Amortization of fixed assets |
-39.629,56 |
-0,52 |
-41.621,07 |
-0,40 |
-46.714,22 |
-0,37 |
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for
fixed assets disposal |
|
|
650,50 |
0,01 |
|
|
|
12. Negative difference of
business combinations |
|
|
|
|
|
|
|
13. Other results |
-13.865,10 |
-0,18 |
220.634,04 |
2,12 |
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3
+ 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
91.030,73 |
1,18 |
77.375,03 |
0,74 |
279.852,75 |
2,20 |
|
14. Financial income |
5.812,76 |
0,08 |
58.604,72 |
0,56 |
19.053,92 |
0,15 |
|
b) From negotiable values and other financial instruments |
|
|
|
|
19.053,92 |
0,15 |
|
b 2) From third parties |
|
|
|
|
19.053,92 |
0,15 |
|
15. Financial expenses |
-51.925,43 |
-0,68 |
-110.286,38 |
-1,06 |
-174.364,98 |
-1,37 |
|
a) For debts with associated and affiliated companies |
|
|
|
|
-59.128,44 |
-0,46 |
|
b) For debts with third parties |
|
|
|
|
-115.236,54 |
-0,91 |
|
16. Reasonable value variation
on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
49.009,90 |
0,64 |
57.030,24 |
0,55 |
-38.756,86 |
-0,30 |
|
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) |
2.897,23 |
0,04 |
5.348,58 |
0,05 |
-194.067,92 |
-1,53 |
|
A.3) RESULT BEFORE TAXES (A.1 +
A.2) |
93.927,96 |
1,22 |
82.723,61 |
0,80 |
85.784,83 |
0,67 |
|
20. Taxes on profits |
-26.472,07 |
-0,34 |
-22.291,01 |
-0,21 |
-18.395,90 |
-0,14 |
|
A.4) EXERCISE RESULT COMING FROM
CONTINUED OPERATIONS (A.3 + 20) |
|
|
|
|
67.388,93 |
0,53 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result
coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
67.455,89 |
0,88 |
60.432,60 |
0,58 |
67.388,93 |
0,53 |
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.
NET WORTH CHANGES STATUS
Status of
recognized income and expenses
Figures given in
|
NET WORTH CHANGES (1/2) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT
RESULT |
67.455,89 |
60.432,60 |
|
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) |
67.455,89 |
60.432,60 |
Total net worth changes status
Figures given in
|
NET
WORTH CHANGES ( 2 /2) |
AUTHORIZED
CAPITAL |
RESERVES |
EXERCISE
RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2007) |
|
|
|
|
|
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) |
|
|
|
|
|
I. Total recognized income and
expenses |
|
|
60.432,60 |
60.432,60 |
|
II. Operations with partners or
owners |
1.803.000,00 |
|
|
1.803.000,00 |
|
1. Capital Increases |
1.803.000,00 |
|
|
1.803.000,00 |
|
III. Other net worth variations |
|
1.243.245,81 |
|
1.243.245,81 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2008) |
1.803.000,00 |
1.243.245,81 |
60.432,60 |
3.106.678,41 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2008) |
1.803.000,00 |
1.243.245,81 |
60.432,60 |
3.106.678,41 |
|
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) |
1.803.000,00 |
1.243.245,81 |
60.432,60 |
3.106.678,41 |
|
I. Total recognized income and
expenses |
|
|
67.455,89 |
67.455,89 |
|
II. Operations with partners or
owners |
|
|
|
|
|
III. Other net worth variations |
|
60.432,60 |
-60.432,60 |
|
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2009) |
1.803.000,00 |
1.303.678,41 |
67.455,89 |
3.174.134,30 |
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 |
93.927,96 |
82.723,61 |
|
2. Results adjustments |
|
|
|
3. Changes in current capital |
-530.221,15 |
-2.847.283,52 |
|
a) Stocks (+/-) |
238.301,76 |
-726.080,24 |
|
b) Debtors and other receivable accounts (+/-) |
-299.145,33 |
-2.894.899,92 |
|
d) Creditors and other payable accounts (+/-) |
-469.377,58 |
773.696,64 |
|
4. Other cash flow coming from operating
activities |
|
|
|
5. Cash flow coming from
operating activities (1 + 2 + 3 + 4) |
-436.293,19 |
-2.764.559,91 |
|
B) CASH FLOW COMING FROM
INVESTING ACTIVITIES |
|
|
|
6. Investment payments (-) |
-4.143,50 |
-694.886,97 |
|
b) Intangible assets |
-4.143,50 |
-40.302,34 |
|
c) Tangible assets |
|
-654.584,63 |
|
7. Disinvestment collections (+) |
31.485,68 |
|
|
c) Tangible assets |
31.485,68 |
|
|
8. Cash Flow in investment
activities (6 + 7) |
27.342,18 |
-694.886,97 |
|
C) CASH FLOW COMING FROM FINANCING
ACTIVITIES |
|
|
|
9. Net worth instruments
collections and payments |
60.432,60 |
3.046.245,81 |
|
a) Net worth instruments issue (+) |
60.432,60 |
3.046.245,81 |
|
10. Financial liabilities
instruments collections and payments |
-522.534,77 |
1.950.331,92 |
|
a) Issue |
|
1.950.331,92 |
|
5. Other debts (+) |
|
1.950.331,92 |
|
b) Return and amortization of |
-522.534,77 |
|
|
5. Other debts (-) |
-522.534,77 |
|
|
11. Payments for dividends and remunerations
of other net worth instruments |
|
|
|
12. Cash Flow in financing
activities (9 + 10 + 11) |
-462.102,17 |
4.996.577,73 |
|
D) Exchange rate variations
effect |
|
|
|
E) NET CASH OR EQUIVALENTS
INCREASE / REDUCTION (5 + 8 + 12 + D) |
-871.053,18 |
1.537.130,85 |
|
Cash or equivalents at the
beginning of the exercise |
1.556.389,98 |
|
|
Cash or equivalents at the end
of the exercise |
601.079,72 |
1.556.389,98 |
RATIOS
|
|
31/12/2009 (12) |
CHANGE
% |
31/12/2008 (12) |
CHANGE
% |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
2.604.530,74 |
3,57 |
2.514.856,43 |
4,23 |
2.412.867,15 |
|
Working capital ratio |
0,52 |
20,93 |
0,43 |
-2,27 |
0,44 |
|
Soundness Ratio |
5,05 |
6,99 |
4,72 |
8,26 |
4,36 |
|
Average Collection Period (days) |
153 |
51,97 |
100 |
13,88 |
88 |
|
Average Payment Period (days) |
19 |
-32,50 |
29 |
-61,35 |
75 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
249,64 |
28,38 |
194,45 |
-2,76 |
199,96 |
|
Quick Ratio (%) |
34,53 |
-40,93 |
58,46 |
18,27 |
49,43 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
28,70 |
-14,09 |
33,42 |
2.173,47 |
1,47 |
|
External Financing Average Cost |
0,04 |
-33,33 |
0,06 |
-97,20 |
2,14 |
|
Debt Service Coverage |
-3,27 |
-367,14 |
-0,70 |
-198,59 |
0,71 |
|
Interest Coverage |
1,75 |
150,00 |
0,70 |
-56,52 |
1,60 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-5,68 |
78,66 |
-26,62 |
-3.057,78 |
0,90 |
|
Auto financing generated by Assets (%) |
-8,77 |
81,49 |
-47,38 |
-2.388,41 |
2,07 |
|
Breakdown Point |
1,01 |
0,00 |
1,01 |
-0,98 |
1,02 |
|
Average Sales Volume per Employee |
320.059,15 |
-26,03 |
432.706,81 |
-21,53 |
551.404,35 |
|
Average Cost per Employee |
32.926,30 |
-0,87 |
33.213,88 |
-4,09 |
34.630,27 |
|
Assets Turnover |
1,54 |
-13,48 |
1,78 |
-22,61 |
2,30 |
|
Inventory Turnover (days) |
30 |
-2,33 |
31 |
72,00 |
18 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
1,83 |
37,59 |
1,33 |
-73,77 |
5,07 |
|
Operating Profitability (%) |
2,63 |
28,29 |
2,05 |
-65,31 |
5,91 |
|
Return on Equity (ROE) (%) |
2,96 |
11,28 |
2,66 |
-5,67 |
2,82 |
SECTORIAL ANALYSIS
Balance Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on
the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
12,65 |
46,15 |
-33,50 |
|
A) CURRENT ASSETS |
87,35 |
53,85 |
33,50 |
|
LIABILITIES |
|||
|
A) NET WORTH |
63,81 |
38,76 |
25,05 |
|
B) NON CURRENT LIABILITIES |
1,19 |
17,31 |
-16,12 |
|
C) CURRENT LIABILITIES |
34,99 |
43,92 |
-8,93 |
|
|
|
|
|
Analytical Account of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,94 |
98,88 |
1,06 |
|
Other operating income |
0,06 |
1,12 |
-1,06 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-75,44 |
-54,30 |
-21,14 |
|
Variation in stocks of finished goods and work in progress |
|
0,00 |
|
|
GROSS MARGIN |
24,56 |
45,70 |
-21,14 |
|
Other operating costs |
-12,40 |
-18,97 |
6,57 |
|
Labour cost |
-10,28 |
-19,74 |
9,46 |
|
GROSS OPERATING RESULT |
1,88 |
6,98 |
-5,10 |
|
Amortization of fixed assets |
-0,52 |
-3,82 |
3,30 |
|
Deterioration and result for fixed assets disposal |
|
0,00 |
|
|
Other expenses / income |
-0,18 |
|
|
|
NET OPERATING RESULT |
1,18 |
3,17 |
-1,99 |
|
Financial result |
0,04 |
-0,65 |
0,69 |
|
RESULT BEFORE TAX |
1,22 |
2,52 |
-1,30 |
|
Taxes on profits |
-0,34 |
-0,72 |
0,38 |
|
RESULT COMING FROM CONTINUED
OPERATIONS |
0,88 |
|
|
|
NET RESULT |
0,88 |
1,80 |
-0,92 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
2.604.530,74 |
-732.664,14 |
596.950,04 |
3.573.656,17 |
|
Working capital ratio |
0,52 |
-0,25 |
0,05 |
0,28 |
|
Soundness Ratio |
5,05 |
0,48 |
0,70 |
1,58 |
|
Average Collection Period (days) |
153 |
8 |
13 |
86 |
|
Average Payment Period (days) |
19 |
17 |
66 |
91 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
249,64 |
0,66 |
1,12 |
1,77 |
|
Quick Ratio (%) |
34,53 |
0,06 |
0,20 |
0,35 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
28,70 |
7,65 |
12,71 |
44,45 |
|
External Financing Average Cost |
0,04 |
0,04 |
0,06 |
0,12 |
|
Debt Service Coverage |
-3,27 |
0,87 |
4,54 |
9,07 |
|
Interest Coverage |
1,75 |
-1,47 |
1,52 |
5,98 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-5,68 |
1,09 |
4,79 |
8,29 |
|
Auto financing generated by Assets (%) |
-8,77 |
2,50 |
4,73 |
12,55 |
|
Breakdown Point |
1,01 |
1,00 |
1,02 |
1,07 |
|
Average Sales Volume per Employee |
320.059,15 |
91.678,64 |
117.636,04 |
145.384,58 |
|
Average Cost per Employee |
32.926,30 |
16.941,25 |
25.361,68 |
26.167,40 |
|
Assets Turnover |
1,54 |
1,16 |
1,54 |
2,46 |
|
Inventory Turnover (days) |
30 |
96 |
178 |
207 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
1,83 |
-0,40 |
2,47 |
5,22 |
|
Operating Profitability (%) |
2,63 |
3,64 |
5,87 |
14,60 |
|
Return on Equity (ROE) (%) |
2,96 |
-5,91 |
2,68 |
25,20 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.45 |
|
|
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.61.43 |
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.