MIRA INFORM
REPORT
|
Report Date : |
31.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
Alminter |
|
|
|
|
Registered Office : |
Calle Rio
Segura (Apartado De Correos), 34 30562 Ceuti Murcia |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
01.12.1995 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
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 : |
134.000,00 € |
|
|
|
|
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 – 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 |
Identification
Current Business Name: ALIMINTER
Commercial Name:
Other names: YES
Current
Address: Calle Rio Segura (Apartado De
Correos), 34
Telephone number: 968687500
Fax: 968693838
URL: www.aliminter.com
Corporate e-mail: aliminter@aliminter.com
Trade Risk
Credit Appraisal: 134.000,00 €
Incidents: NO
R.A.I.: NO
Bank and business defaults of payment - ASNEF
INDUSTRIAL: NO
Financial Information
Balance sheet latest sales (2009): 8.771.201,54 € (Trade Register)
Result: 158.405,59 €
Total Assets: 8.522.149,52 €
Social Capital: 2.088.246,47 €
Employees: 50
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 01/12/1995
Activity: Mfg. of aromatic
herbs, sauces & other dressings
NACE 2009 CODE: 1084
International Operations: Imports and Exports
Corporate Structure
President:
Participations: 2
Other Complementary Information
Latest filed accounts published in the Mercantile
Register: 2009
Type of Accounts available at the Mercantile Register: Individuals
Latest act published in BORME: 23/11/2010 Annual Filed Accounts
Latest press article: 23/01/2003 LA VERDAD (BRANCHES)
Bank Entities: There are
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 134.000,00 €
Credit appraisal evolution
Financial Situation
Exercise:2009
|
Treasury |
Average |
|
Indebtedness |
Average |
|
Profitability |
Average |
|
Balance |
Average |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
|
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No
administrative claims registered
AFFECTED BY: No significant element.
BANK AND BUSINESS DEFAULTS OF PAYMENT - ASNEF INDUSTRIAL
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
24/01/2011 08:01:26
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 |
4.016.391,41 |
47,13 |
4.178.778,42 |
52,01 |
4.100.562,90 |
48,74 |
|
B) CURRENT ASSETS |
4.505.758,11 |
52,87 |
3.856.376,62 |
47,99 |
4.312.170,93 |
51,26 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
2.536.596,30 |
29,76 |
2.391.749,40 |
29,77 |
2.262.366,13 |
26,89 |
|
B) NON CURRENT LIABILITIES |
1.728.477,07 |
20,28 |
1.237.761,04 |
15,40 |
1.236.942,16 |
14,70 |
|
C) CURRENT LIABILITIES |
4.257.076,15 |
49,95 |
4.405.644,60 |
54,83 |
4.913.425,54 |
58,40 |
Profit and Loss
Account Analysis
Figures given in €
|
|
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2007 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
8.771.201,54 |
|
8.409.687,06 |
|
7.696.054,21 |
|
|
GROSS MARGIN |
3.078.867,08 |
35,10 |
2.843.913,75 |
33,82 |
2.551.338,68 |
33,15 |
|
EBITDA |
645.328,65 |
7,36 |
645.556,48 |
7,68 |
140.947,41 |
1,83 |
|
EBIT |
398.753,61 |
4,55 |
418.198,96 |
4,97 |
-36.990,57 |
-0,48 |
|
NET RESULT |
158.405,59 |
1,81 |
135.965,81 |
1,62 |
-182.737,64 |
-2,37 |
|
EFFECTIVE TAX RATE (%) |
18,34 |
|
20,33 |
|
-24,97 |
|
COMPARATIVE SECTOR ANALYSIS
Values table
Figures
expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on
the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
47,13 |
75,66 |
-28,53 |
|
A) CURRENT ASSETS |
52,87 |
24,34 |
28,53 |
|
LIABILITIES |
|||
|
A) NET WORTH |
29,76 |
65,74 |
-35,97 |
|
B) NON CURRENT LIABILITIES |
20,28 |
17,10 |
3,19 |
|
C) CURRENT LIABILITIES |
49,95 |
17,17 |
32,78 |
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT
ANALYSIS: % on the total operating income |
|
|
|
|
SALES |
99,05 |
96,90 |
2,15 |
|
GROSS MARGIN |
34,77 |
52,38 |
-17,61 |
|
EBITDA |
7,29 |
10,11 |
-2,82 |
|
EBIT |
4,50 |
7,38 |
-2,88 |
|
NET RESULT |
1,79 |
2,47 |
-0,69 |
Sector Composition
Compared sector (NACE 2009): 1084
Number of companies: 28
Size (Sales Figure): > 2,800,000.00 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 |
158.405,59 |
Legal Reserve |
15.840,56 |
|
Carry Over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other free disposition reserves |
0,00 |
Voluntary reserves |
95.793,20 |
|
Total of Amounts to be distributed |
158.405,59 |
Dividends |
0,00 |
|
|
|
Carry over and others |
46.771,83 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
158.405,59 |
Auditing
Source: filing of annual financial
statement 2009
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: ACR AUDIMUR S.L.
Auditing
exceptions:
TAL Y COMO SE INDICA
EN LAS NOTAS 8 Y 17 DE LA MEMORIA ADJUNTA, AL 31 DE DICIEMBRE DE 2009, LA
SOCIEDAD PARTICIPA EN EMPRESAS DEL GRUPO Y MANTIENE CREDITOS Y CUENTAS A COBRAR
A ESTAS EMPRESAS, NO DISPONIENDOSE DE INFORMACION FINANCIERA DE ALICOMAR, SL AL
CIERRE DEL EJERCICIO. EL ALCANCE DE NUESTRO TRABAJO NO HA INCLUIDO LA REVISION
DE LAS CUENTAS ANUALES DEL EJERCICIO 2009 DE ESTAS EMPRESAS, CON EL FIN DE
DETERMINAR LA VALORACION DE DICHAS PARTICIPACIONES Y LA RECUPERABILIDAD DE LOS
SALDOS PENDIENTES DE COBRO CON DICHAS SOCIEDADES, NI HAN SIDO OBJETO DE
AUDITORIA.
Facts subsequent to the closing
Source: Annual financial report 2009
Con
posterioridad al cierre no se han producido hechos de relevancia que requieran
su inclusión en las cuentas anuales.
Business address
Current Legal
Seat Address:
CALLE RIO
SEGURA (APARTADO DE CORREOS), 34
30562 CEUTI
Previous Seat Address:
CALLE RIO
SEGURA (PG INDUSTRIAL) 15
30562 CEUTI
Former branches
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE CRESTA
GALLO (SANTO ANGEL), 15 |
30151 |
|
|
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Main Board members, Directors and Auditor
|
POSITION |
NAME AND SURNAME |
APPOINTMENT DATE |
|
|
PRESIDENT |
PEREGRIN CABALLERO MANUEL |
14/03/2008 |
|
|
MEMBER OF THE BOARD |
PONS PENADES RAFAEL |
14/03/2008 |
|
|
MEMBER OF THE BOARD |
PEREGRIN CABALLERO ANTONIO |
14/03/2008 |
|
|
AUDITOR |
APPOINTMENT DATE |
||
|
ACR AUDIMUR SL |
08/06/2007 |
||
Functional Managers
|
POSITION |
NAME AND SURNAME |
|
General Manager |
PEREGRIN CABALLERO MANUEL |
|
Financial Director |
LOPEZ |
|
Production Director |
|
|
Commercial Director |
PONS PENADES RAFAEL |
|
Purchases Director |
LOPEZ |
|
Exports Director |
PONS PENADES RAFAEL |
|
Quality Director |
EMPARANZA KNORR ANA |
FINANCIAL LINKS
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
PEREGRIN CABALLERO MANUEL |
|
24,32 |
OWN SOURCES |
19/01/2010 |
|
PERECBA S.L. |
B30406318 |
20,46 |
OWN SOURCES |
19/01/2010 |
|
PONS PENEDES RAFAEL |
|
8,41 |
OWN SOURCES |
19/01/2010 |
|
PEREGRIN CABALLERO ROBERTO |
|
6,82 |
OWN SOURCES |
19/01/2010 |
|
H.I.E. DE
INVERSIONES S.I.C.A.V. S.A. |
A79495214 |
4,55 |
OWN SOURCES |
19/01/2010 |
|
KNORR ARRESE MARIA BLANCA |
|
3,52 |
OWN SOURCES |
19/01/2010 |
|
EMPARANZA KNORR ANDRES |
|
3,49 |
OWN SOURCES |
19/01/2010 |
|
EMPARANZA KNORR MIGUEL |
|
3,49 |
OWN SOURCES |
19/01/2010 |
|
EMPARANZA KNORR ANA M |
|
3,49 |
OWN SOURCES |
19/01/2010 |
|
EMPARANZA KNORR ANTONIO |
|
3,49 |
OWN SOURCES |
19/01/2010 |
Former Shareholders
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|||||
|
FAMILIA PEREGRIN |
|
Major. |
OWN SOURCES |
30/08/1999 |
|
|||||
|
FAMILIA EMRANZA KNORR |
|
Minor. |
OWN SOURCES |
30/08/1999 |
|
|||||
Direct Participations
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
ABALIMENT S.L. |
B30464416 |
99,80 |
TRADE REG. |
31/12/2009 |
|
ALICOMAR SARL |
|
54,66 |
TRADE REG. |
31/12/2009 |
Former Participations
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CONSORCIO
AGROINDUSTRIAL DE MURCIA SOCIEDAD LIMITADA. |
B73087991 |
Indef. |
OWN SOURCES |
27/07/2007 |
Company
with rating inferior to 7
CREDIT INFORMATION
Incorporation date: 01/12/1995
Activity
Code: 1423400
Activity: Mfg. of aromatic herbs, sauces
& other dressings
NACE 2009 CODE: 1084
NACE 2009 Activity: Manufacture of condiments and
seasonings
Business: LA PRODUCCION Y COMERCIALIZACION DE TODO
TIPO DE PRODUCTOS DE ALIMENTACION, ASI COMO LA DISTRIBUCION, LA ADQUISICION Y
VENTA AL POR MAYOR. DIRECTA E INDIRECTAMENTE.
Activity
descripción: Elaboración de
de mayonesas, salsas, vegetales encurtidos, conservas vegetales
Environmental information: YES (Page 61 -
62) Annual financial report 2009
Employees
Latest employees figure: 50 (2010)
% of men: 57,78%
% of women: 42,22%
Employees evolution
|
|
Employees distribution
Source: Annual financial
report 2009
|
CATEGORY |
TOTAL PER CATEGORY |
MEN |
WOMEN |
|
Distribution by sexes |
|
26 |
19 |
PURCHASES
Import Percentage: 65%
Imports from:
National Distribution: 35%
SALES
Exports
to: AFRIA, ASIA,
EUROPA Y AMERICA
SUPPLIERS
|
BUSINESS
NAME |
INTERNATIONAL |
|
ABALIMENT
S.L. |
NO |
|
ALICOMAR, S.A.R.L. |
YES |
CLIENTS
|
BUSINESS
NAME |
INTERNATIONAL |
|
ABALIMENT
SL |
NO |
|
ALICOMAR, S.A.R.L. |
YES |
Sales breakdown
•
El 100% de su
cifra de negocios corresponde a la actividad principal.
Professional and advertising services
Source: Annual financial report 2009
Professional services expenses: 101.011,97 €
Advertising services expenses: 52.905,80 €
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
4677 |
PS ROSALES 8 APDO. 00000 |
MOLINA DE |
|
|
CAJA DE
AHORROS DE MURCIA |
|
|
CEUTI |
|
|
BANCO SANTANDER, S.A. |
2840 |
CL MAYOR 77 APDO. 00043 |
MOLINA DE |
|
|
BANCO DE
VALENCIA, S.A. |
|
|
|
|
|
BANCO POPULAR
ESPAÑOL, S.A. |
0016 |
TRAPERIA, 11 |
|
|
Summary of bank operations
Discount facilities: 1
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
Bank operations
|
Debt type: Credit
policy |
Granted limit: 630.000,00 € Used limit: 428.296,01
€ Available limit:
201.703,99 € Source: Filed
Accounts (2009) |
|
|
|
|
Debt type: Discount
facilities |
Granted limit: 814.000,00 € Used limit: 195.083,94
€ Available limit:
618.916,06 € Source: Filed
Accounts (2009) |
Leasing
Figures
given in €
|
ENTITY |
ASSERTS INVOLVED IN THE
ACTIVITY |
1 YEAR PAYMENTS |
PAYMENTS FROM 1 TO 5 YEARS |
|
|
Maquinaria y vehículos |
58.141,27 |
119.626,01 |
Grants
|
Body-entity: INSTITUTO FOMENTO Grant type:
Financial (capital, interests, etc) Granting Year:
2000 |
Nominal amount: 46.809,60 € Source:
Filed Accounts (2009) |
|
|
|
|
Body-entity: Grant type:
Financial (capital, interests, etc) Granting Year:
2000 |
Nominal amount: 86.901,57 € Source:
Filed Accounts (2009) |
|
|
|
|
Body-entity: Grant type: Financial
(capital, interests, etc) Granting Year:
2001 |
Nominal amount: 117.352,62 € Source:
Filed Accounts (2009) |
Brands
Brand name: BETANIA (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 06/02/2007
Brand name:
Type: JOINT Scope: NATIONAL
Date: 04/12/2002
Brand name:
Type: JOINT Scope: INTERNATIONAL
Date: 07/10/1998
Brand name: BONA PPETITUS (Valid)
Type: JOINT Scope: NATIONAL
Date: 02/09/1997
LEGAL STRUCTURE
Constitution Data
Register Date: 01/12/1995
Register town:
Announcement number: 56712
Current structure data
Legal form: Joint-stock Company
Social Capital: 2.088.246,47 €
Paid-up capital: 2.088.246,47 €
Legal Aspects
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: 20 (Last:
05/08/2009, first: 20/02/1996)
Acts on
capital: 6 (Last: 22/11/2004, first: 17/05/1996)
Acts on creation: 1 (Last: 20/02/1996)
Acts on filed accounts: 15 (Last:
23/11/2010, first: 26/12/1996)
Acts on identification: 1 (Last: 13/09/1996)
Acts on Information: 0
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Resignations |
05/08/2009 |
345243 |
|
|
Appointments |
14/03/2008 |
145558 |
|
|
Resignations |
14/03/2008 |
145558 |
|
|
Appointments |
08/06/2007 |
313214 |
|
|
Appointments |
03/05/2006 |
227879 |
|
|
Capital enlargement |
22/11/2004 |
489357 |
|
|
Re-elections |
22/11/2004 |
489356 |
|
|
Appointments |
22/11/2004 |
489356 |
|
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
23/11/2010 |
1072168 |
|
|
Annual Filed Accounts (2008) |
17/08/2009 |
218862 |
|
|
Annual Filed Accounts (2007) |
26/03/2009 |
101209 |
|
PRESS ARTICLES
Press summary by type
of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 3 (Last:
23/01/2003, first: 27/02/1997)
Latest press article published
23/01/2003 LA VERDAD - BRANCHES
ALIMINTER
ESPERA ABRIR PRONTO UNA FACTORIA EN FEZ (MARRUECOS) PARA CONQUISTAR EL MERCADO
AFRICANO Y CONSOLIDAR LAS EXPORTACIONES A SUS ACTUALES CLIENTES. LA EXPANSION
SE REALIZARA A TRAVES DE ALICOMAR, LA FILIAL DE LA FIRMA MURCIANA EN MARRUECOS,
Y CONTARA CON UNA INVERSION DE MAS DE 1,2 MM DE EUROS. LA EMPRESA, QUE FACTURA
30 MM DE EUROS, HA LLEGADO CON LA MARCA BANGOR A MAS DE 50 PAISES DE LOS 5
CONTINENTES Y EL OBJETIVO ES QUE ESTE PRESENTE EN 80 PAISES.
26/12/2002 LA
VERDAD - GENERAL INFORMATION
ALIMINTER,
SITUADA EN EL PILOGONO INDUSTRIAL DE CEUTI (MURCIA) Y QUE COMERCIALIZA SU GAMA
DE PRODUCTOS BAJO LA MARCA BANGOR, ESTA LLEVANDO A CABO LA IMPLANTACION
INDUSTRIAL EN MARRUECOS DONDE ELABORARA SALSAS Y VEGETALES ENCURTIDOS A GRANEL.
ALIMINTER VENDE LA MITAD DE SU PRODUCCION EN EL MERCADO NACIONAL Y EL OTRO 50%
REPARTIDO EN MAS DE 40 PAISES.
27/02/1997 EXPANSIÓN - GENERAL
INFORMATION
ESTA CIA. CUYO
CAPITAL SOCIAL ES DE 200 MM. DE PTAS. ESTA CONTROLADA MAYORITARIAMENTE POR LA
FAMILIA PEREGRIN. LA EMPRESA, FABRICANTE DE SALSAS, PREVE FACTURAR 500 MM. DE
PTAS. EN SU PRIMER EJERCICIO.
Complementary
Information
Financial
Information
El balance
cerrado a 31/12/2009 (Depósito 2009) esta disponible, pero no ha sido cargado
por presentar sus cuentas con la siguiente anomalía: Las Subvenciones,
donaciones y legados recibidos estan incorrectamente presentados con importe
negativo
El balance
cerrado a 31/12/2009 (Deposito 2009) esta disponible, pero existen datos en los
nuevos estados contables incorrectamente presentados.
El balance
cerrado a 31/12/2008 (Deposito 2008) esta disponible, pero existen datos en los
nuevos estados contables incorrectamente presentados.
(The balance ended 31/12/2009 (Deposit 2009) is available, but has not been
charged for filing their accounts with the following anomaly: Grants, donations
and bequests are incorrectly presented with negative amount
The balance ended 31/12/2009 (Deposit 2009) is
available, but there is data in the new financial statements presented
incorrectly.
The balance ended 31/12/2008 (Deposit 2008) is available, but there is data in the new financial statements presented incorrectly.)
Current situation
According to our investigations, the owner started its activity in September 1996.
Commercial Operations
Its scope is international and provincial.
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 29/12/2010.
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 |
4.016.391,41 |
47,13 |
4.178.778,42 |
52,01 |
4.100.562,90 |
48,74 |
|
I. Intangible assets |
9.279,38 |
0,11 |
10.116,72 |
0,13 |
105.216,06 |
1,25 |
|
1. Development |
2.281,34 |
0,03 |
529,93 |
0,01 |
|
|
|
3. Patents, licences , trademarks and similars |
5.816,02 |
0,07 |
7.755,51 |
0,10 |
|
|
|
5. Software |
1.182,02 |
0,01 |
1.831,28 |
0,02 |
|
|
|
II. Tangible fixed assets |
3.188.128,33 |
37,41 |
3.335.014,62 |
41,51 |
3.198.449,02 |
38,02 |
|
1. Property, plant and equipment |
1.212.957,04 |
14,23 |
1.220.077,06 |
15,18 |
|
|
|
2. Technical fittings and other tangible assets |
1.972.571,29 |
23,15 |
2.114.437,56 |
26,31 |
|
|
|
3. Fixed assets in progress and advances |
2.600,00 |
0,03 |
500,00 |
0,01 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated
companies |
787.438,55 |
9,24 |
785.158,55 |
9,77 |
782.878,55 |
9,31 |
|
1. Net worth instruments |
542.794,90 |
6,37 |
542.794,90 |
6,76 |
542.794,90 |
6,45 |
|
2. Credits to companies |
244.643,65 |
2,87 |
242.363,65 |
3,02 |
240.083,65 |
2,85 |
|
V. Long Term Financial Investments |
14.019,27 |
0,16 |
14.019,27 |
0,17 |
14.019,27 |
0,17 |
|
1. Net worth instruments |
12.643,82 |
0,15 |
12.643,82 |
0,16 |
12.643,82 |
0,15 |
|
5. Other financial assets |
1.375,45 |
0,02 |
1.375,45 |
0,02 |
1.375,45 |
0,02 |
|
VI. Assets by deferred taxes |
17.525,88 |
0,21 |
34.469,26 |
0,43 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
4.505.758,11 |
52,87 |
3.856.376,62 |
47,99 |
4.312.170,93 |
51,26 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
1.536.617,73 |
18,03 |
1.399.982,00 |
17,42 |
1.683.204,89 |
20,01 |
|
1. Goods available for sale |
96.758,79 |
1,14 |
103.295,11 |
1,29 |
|
|
|
2. Raw material inventory |
1.066.429,59 |
12,51 |
906.271,64 |
11,28 |
|
|
|
4. Finished goods |
373.429,35 |
4,38 |
390.415,25 |
4,86 |
|
|
|
b) Short production cycle |
373.429,35 |
4,38 |
390.415,25 |
4,86 |
|
|
|
III. Trade Debtors and other receivable accounts |
2.837.168,92 |
33,29 |
2.414.427,92 |
30,05 |
2.605.842,92 |
30,97 |
|
1. Clients |
1.521.178,09 |
17,85 |
1.370.501,13 |
17,06 |
1.739.749,95 |
20,68 |
|
b) Clients for sales and short term
services rendering |
1.521.178,09 |
17,85 |
1.370.501,13 |
17,06 |
|
|
|
2. Clients group and associated companies |
1.185.213,00 |
13,91 |
963.273,34 |
11,99 |
682.190,55 |
8,11 |
|
3. Other debts |
|
|
|
|
20.172,91 |
0,24 |
|
4. Staff |
41.010,96 |
0,48 |
27.286,55 |
0,34 |
|
|
|
6. Other credits with the Public Administrations |
89.766,87 |
1,05 |
53.366,90 |
0,66 |
163.729,51 |
1,95 |
|
IV. Short term investments in associated and affiliated
companies |
|
|
|
|
|
|
|
V. Short term financial investments |
71.996,42 |
0,84 |
633,45 |
0,01 |
|
|
|
1. Net worth instruments |
1.996,42 |
0,02 |
|
|
|
|
|
5. Other financial assets |
70.000,00 |
0,82 |
633,45 |
0,01 |
|
|
|
VI. Short term periodifications |
6.617,52 |
0,08 |
7.709,82 |
0,10 |
14.318,10 |
0,17 |
|
VII. Cash and equivalents |
53.357,52 |
0,63 |
33.623,43 |
0,42 |
8.805,02 |
0,10 |
|
1. Treasury |
53.357,52 |
0,63 |
33.623,43 |
0,42 |
8.805,02 |
0,10 |
|
TOTAL ASSETS (A + B) |
8.522.149,52 |
100,00 |
8.035.155,04 |
100,00 |
8.412.733,83 |
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.
The
valuation norms applicable to financial instruments has changed substantially
and, for this reason the conversion of financial statements from PGC90 to
PGC2007 could include notable inaccuracy.
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 |
2.536.596,30 |
29,76 |
2.391.749,40 |
29,77 |
2.262.366,13 |
26,89 |
|
A-1) Equity |
2.504.651,16 |
29,39 |
2.346.245,57 |
29,20 |
2.201.968,80 |
26,17 |
|
I. Capital |
2.088.246,47 |
24,50 |
2.088.246,47 |
25,99 |
2.088.246,47 |
24,82 |
|
1. Authorized capital |
2.088.246,47 |
24,50 |
2.088.246,47 |
25,99 |
2.088.246,47 |
24,82 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
304.770,93 |
3,58 |
304.770,93 |
3,79 |
296.459,97 |
3,52 |
|
1. Legal and statutory |
54.388,26 |
0,64 |
54.388,26 |
0,68 |
54.388,26 |
0,65 |
|
2. Other funds |
250.382,67 |
2,94 |
250.382,67 |
3,12 |
242.071,71 |
2,88 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-46.771,83 |
-0,55 |
-182.737,64 |
-2,27 |
|
|
|
2. (Prior years losses) |
-46.771,83 |
-0,55 |
-182.737,64 |
-2,27 |
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
158.405,59 |
1,86 |
135.965,81 |
1,69 |
-182.737,64 |
-2,17 |
|
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 |
31.945,14 |
0,37 |
45.503,83 |
0,57 |
60.397,33 |
0,72 |
|
B) NON CURRENT LIABILITIES |
1.728.477,07 |
20,28 |
1.237.761,04 |
15,40 |
1.236.942,16 |
14,70 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
1.714.786,30 |
20,12 |
1.218.259,40 |
15,16 |
1.211.057,59 |
14,40 |
|
2. Debts with bank entities |
1.456.958,42 |
17,10 |
805.018,58 |
10,02 |
888.887,57 |
10,57 |
|
3. Financial leasing creditors |
119.626,01 |
1,40 |
166.846,49 |
2,08 |
|
|
|
5. Other financial liabilities |
138.201,87 |
1,62 |
246.394,33 |
3,07 |
322.170,02 |
3,83 |
|
III. Long term debts with associated and affiliated
companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
13.690,77 |
0,16 |
19.501,64 |
0,24 |
25.884,57 |
0,31 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
4.257.076,15 |
49,95 |
4.405.644,60 |
54,83 |
4.913.425,54 |
58,40 |
|
I. Liabilities related with non-current assets maintained
for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
1.890.357,70 |
22,18 |
2.691.177,61 |
33,49 |
2.251.501,59 |
26,76 |
|
2. Debts with bank entities |
1.708.883,09 |
20,05 |
2.510.884,65 |
31,25 |
2.243.062,47 |
26,66 |
|
3. Financial leasing creditors |
58.141,27 |
0,68 |
51.929,69 |
0,65 |
|
|
|
5. Other financial liabilities |
123.333,34 |
1,45 |
128.363,27 |
1,60 |
8.439,12 |
0,10 |
|
IV. Short term debts with associated and affiliated
companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
2.366.718,45 |
27,77 |
1.714.466,99 |
21,34 |
2.661.923,95 |
31,64 |
|
1. Suppliers |
1.169.798,73 |
13,73 |
739.258,10 |
9,20 |
2.051.239,79 |
24,38 |
|
b) Short term suppliers |
1.169.798,73 |
13,73 |
739.258,10 |
9,20 |
|
|
|
2. Suppliers group and associated companies |
591.653,52 |
6,94 |
457.816,07 |
5,70 |
483.406,41 |
5,75 |
|
3. Different creditors |
493.223,90 |
5,79 |
158.589,18 |
1,97 |
|
|
|
4. Staff (pending remunerations) |
33.201,80 |
0,39 |
137.479,85 |
1,71 |
21.252,20 |
0,25 |
|
5. Liabilities by current taxes |
18.462,47 |
0,22 |
|
|
|
|
|
6. Other debts with Public Administrations |
31.457,49 |
0,37 |
38.209,59 |
0,48 |
16.513,73 |
0,20 |
|
7. Clients pre-payments |
28.920,54 |
0,34 |
183.114,20 |
2,28 |
89.511,82 |
1,06 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
8.522.149,52 |
100,00 |
8.035.155,04 |
100,00 |
8.412.733,83 |
100,00 |
Alerts associated to the conversion to PGC2007
The
valuation norms applicable to “Subventions” has changed substantially and, for this
reason the conversion of financial statements of the current exercise to
PGC2007 could include notable inaccuracy. The company maintained in the
exercise a formulation of the accounts and in the following “Subventions” for
%1 and %2 euros, respectively, presented in the subsequent exercise, under
PGC2007, net of its fiscal effects.
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 there has been made the assumption that the creditors
balance with the group and associated companies have a financial and not
commercial character.
In
the conversion process there has been made the assumption that the creditors
balance with the group and associated companies have a commercial and not
financial character.
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) |
%OP. EXPEN. |
31/12/2008 (12) |
%OP. EXPEN. |
31/12/2007 (12) |
%OP. EXPEN. |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
8.771.201,54 |
99,05 |
8.409.687,06 |
98,42 |
7.696.054,21 |
98,20 |
|
2. Variation in stocks of finished goods and work in
progress |
160.157,95 |
1,81 |
-291.551,40 |
-3,41 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-5.936.899,38 |
-67,04 |
-5.409.017,98 |
-63,30 |
-5.285.827,08 |
-67,45 |
|
5. Other operating income |
84.406,97 |
0,95 |
134.796,07 |
1,58 |
141.111,55 |
1,80 |
|
6. Labour cost |
-1.233.534,25 |
-13,93 |
-1.251.399,55 |
-14,65 |
-1.288.034,10 |
-16,43 |
|
7. Other operating costs |
-1.252.596,05 |
-14,14 |
-1.042.773,35 |
-12,20 |
-1.122.357,17 |
-14,32 |
|
8. Amortization of fixed assets |
-243.724,35 |
-2,75 |
-222.558,95 |
-2,60 |
-229.399,86 |
-2,93 |
|
9. Allocation of subventions on non financial investments
and other |
19.369,56 |
0,22 |
21.276,43 |
0,25 |
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
-2.850,69 |
-0,03 |
-4.798,57 |
-0,06 |
51.461,88 |
0,66 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
33.222,31 |
0,38 |
74.539,20 |
0,87 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 +
10 + 11 + 12 + 13) |
398.753,61 |
4,50 |
418.198,96 |
4,89 |
-36.990,57 |
-0,47 |
|
14. Financial income |
3.422,52 |
0,04 |
2.406,39 |
0,03 |
26.619,59 |
0,34 |
|
a) Allocation of financial legacies, grants and
subventions |
|
|
|
|
24.267,51 |
0,31 |
|
b) Other financial income |
3.422,52 |
0,04 |
2.406,39 |
0,03 |
2.352,08 |
0,03 |
|
15. Financial expenses |
-217.878,14 |
-2,46 |
-259.511,30 |
-3,04 |
-237.475,99 |
-3,03 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
9.686,63 |
0,11 |
9.568,06 |
0,11 |
4.287,20 |
0,05 |
|
18. Deterioration and result for disposal of financial
instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-204.768,99 |
-2,31 |
-247.536,85 |
-2,90 |
-206.569,20 |
-2,64 |
|
C) RESULT BEFORE TAXES (A + B) |
193.984,62 |
2,19 |
170.662,11 |
2,00 |
-243.559,77 |
-3,11 |
|
20. Taxes on profits |
-35.579,03 |
-0,40 |
-34.696,30 |
-0,41 |
60.822,13 |
0,78 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
D) EXERCISE RESULT (C + 20) |
158.405,59 |
1,79 |
135.965,81 |
1,59 |
-182.737,64 |
-2,33 |
Alerts associated to the conversion to PGC2007
Valuation
norms applicable to Financial instruments collected in PGC2007 present notable
changes with respect to PGC90. As a consequence, the conversion of the financial
statements of the accounts to PGC2007, carried out considering mainly
classification changes in the accounts might contain certain inaccuracies.
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 (1/3) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
158.405,59 |
135.965,81 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
|
|
|
II. Cash flow coverage |
|
|
|
III. Received legacies, grants and subventions |
-19.369,56 |
-27.659,36 |
|
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 |
5.810,87 |
6.382,93 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET
WORTH (I + II + III + IV +V+VI+VII) |
-13.558,69 |
-21.276,43 |
|
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) |
144.846,90 |
114.689,38 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
2.088.246,47 |
336.196,95 |
|
-182.737,64 |
|
I. Adjustments by change of criteria in the exercise
(2007) |
|
-31.426,02 |
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
2.088.246,47 |
304.770,93 |
|
-182.737,64 |
|
I. Total recognized income and expenses |
|
|
|
135.965,81 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
-182.737,64 |
182.737,64 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
2.088.246,47 |
304.770,93 |
-182.737,64 |
135.965,81 |
|
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) |
2.088.246,47 |
304.770,93 |
-182.737,64 |
135.965,81 |
|
I. Total recognized income and expenses |
|
|
|
158.405,59 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
135.965,81 |
-135.965,81 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
2.088.246,47 |
304.770,93 |
-46.771,83 |
158.405,59 |
|
NET WORTH CHANGES ( 3 /3) |
RECEIVED LEGACIES, GRANTS AND
SUBVENTIONS |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
66.780,26 |
2.308.486,04 |
|
|
|
I. Adjustments by change of criteria in the exercise
(2007) |
|
-31.426,02 |
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
66.780,26 |
2.277.060,02 |
|
|
|
I. Total recognized income and expenses |
-21.276,43 |
114.689,38 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
45.503,83 |
2.391.749,40 |
|
|
|
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) |
45.503,83 |
2.391.749,40 |
|
|
|
I. Total recognized income and expenses |
-13.558,69 |
144.846,90 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
31.945,14 |
2.536.596,30 |
|
|
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 |
193.984,62 |
170.662,11 |
|
2. Results adjustments |
441.661,10 |
480.058,99 |
|
a) Amortization of fixed assets (+) |
243.724,35 |
222.558,95 |
|
c) Change of Provisions (+/-) |
|
7.304,93 |
|
d) Grants allocation (-) |
-19.369,56 |
-21.276,43 |
|
e) Results for decline and disposal of fixed assets (+/-) |
2.850,69 |
4.798,57 |
|
g) Financial income (-) |
-3.422,52 |
-2.406,39 |
|
f) Financial expenses (+) |
217.878,14 |
259.511,30 |
|
i) Change difference (+/-) |
|
9.568,06 |
|
3. Changes in current capital |
75.488,53 |
-437.175,18 |
|
a) Stocks (+/-) |
-136.635,73 |
283.222,89 |
|
b) Debtors and other receivable accounts (+/-) |
-422.757,03 |
112.721,89 |
|
c) Other current assets (+/-) |
1.092,30 |
6.301,05 |
|
d) Creditors and other payable accounts (+/-) |
794.734,75 |
-944.095,82 |
|
e) Other current liabilities (+/-) |
-160.945,76 |
106.954,81 |
|
f) Other non-current assets and liabilities (+/-) |
|
-2.280,00 |
|
4. Other cash flow coming from operating activities |
-227.288,11 |
-248.377,12 |
|
a) Interests payments (-) |
-228.273,48 |
-259.511,30 |
|
c) Interests collections (+) |
1.142,52 |
2.406,39 |
|
d) Collections (payments) for profit tax (+/-) |
-157,15 |
8.727,79 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 +
4) |
483.846,14 |
-34.831,20 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
6. Investment payments (-) |
-243.637,83 |
-264.984,95 |
|
b) Intangible assets |
-3.466,60 |
-9.087,27 |
|
c) Tangible assets |
-168.174,81 |
-255.897,68 |
|
e) Other financial assets |
-71.996,42 |
|
|
7. Disinvestment collections (+) |
3.533,45 |
13.537,61 |
|
c) Tangible assets |
2.900,00 |
13.537,61 |
|
e) Other financial assets |
633,45 |
|
|
8. Cash Flow in investment activities (6 + 7) |
-240.104,38 |
-251.447,34 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
9. Net worth instruments collections and payments |
|
|
|
10. Financial liabilities instruments collections and
payments |
-224.007,67 |
320.665,01 |
|
a) Issue |
1.217.977,62 |
520.000,00 |
|
2. Debts with bank entities (+) |
1.217.977,62 |
520.000,00 |
|
b) Return and amortization of |
-1.441.985,29 |
-199.334,99 |
|
2. Debts with bank entities (-) |
-1.398.652,90 |
-199.334,99 |
|
5. Other debts (-) |
-43.332,39 |
|
|
11. Payments for dividends and remunerations of other net
worth instruments |
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-224.007,67 |
320.665,01 |
|
D) Exchange rate variations effect |
|
-9.568,06 |
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 +
12 + D) |
19.734,09 |
24.818,41 |
|
Cash or equivalents at the beginning of the exercise |
33.623,43 |
8.805,01 |
|
Cash or equivalents at the end of the exercise |
53.357,52 |
33.623,43 |
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
248.681,96 |
145,28 |
-549.267,98 |
8,65 |
-601.254,61 |
|
Working capital ratio |
0,03 |
142,86 |
-0,07 |
0,00 |
-0,07 |
|
Soundness Ratio |
0,62 |
10,71 |
0,56 |
3,70 |
0,54 |
|
Average Collection Period (days) |
116 |
12,54 |
103 |
-15,34 |
122 |
|
Average Payment Period (days) |
118 |
23,68 |
96 |
-35,90 |
149 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
105,84 |
20,92 |
87,53 |
-0,26 |
87,76 |
|
Quick Ratio (%) |
2,94 |
278,21 |
0,78 |
333,33 |
0,18 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
42,30 |
-13,05 |
48,65 |
18,20 |
41,16 |
|
External Financing Average Cost |
0,06 |
-14,29 |
0,07 |
0,00 |
0,07 |
|
Debt Service Coverage |
7,45 |
106,64 |
-112,24 |
-251,25 |
74,20 |
|
Interest Coverage |
1,83 |
13,66 |
1,61 |
1.106,25 |
-0,16 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
5,52 |
1.446,34 |
-0,41 |
-167,21 |
0,61 |
|
Auto financing generated by Assets (%) |
5,68 |
1.420,93 |
-0,43 |
-176,79 |
0,56 |
|
Breakdown Point |
1,05 |
0,00 |
1,05 |
5,00 |
1,00 |
|
Average Sales Volume per Employee |
|
-100,00 |
171.626,27 |
0,35 |
171.023,43 |
|
Average Cost per Employee |
|
-100,00 |
25.538,77 |
-10,78 |
28.622,98 |
|
Assets Turnover |
1,03 |
-1,90 |
1,05 |
14,13 |
0,92 |
|
Inventory Turnover (days) |
93 |
0,00 |
93 |
-18,55 |
114 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
4,68 |
-10,17 |
5,20 |
1.284,09 |
-0,44 |
|
Operating Profitability (%) |
7,50 |
-5,18 |
7,92 |
173,10 |
2,90 |
|
Return on Equity (ROE) (%) |
7,74 |
6,60 |
7,27 |
165,73 |
-11,06 |
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 |
47,13 |
75,66 |
-28,53 |
|
A) CURRENT ASSETS |
52,87 |
24,34 |
28,53 |
|
LIABILITIES |
|||
|
A) NET WORTH |
29,76 |
65,74 |
-35,97 |
|
B) NON CURRENT LIABILITIES |
20,28 |
17,10 |
3,19 |
|
C) CURRENT LIABILITIES |
49,95 |
17,17 |
32,78 |
|
|
|
|
|
Analytical Account of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,05 |
96,90 |
2,15 |
|
Other operating income |
0,95 |
3,10 |
-2,15 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-67,04 |
-48,12 |
-18,92 |
|
Variation in stocks of finished goods and work in progress |
1,81 |
0,50 |
1,31 |
|
GROSS MARGIN |
34,77 |
52,38 |
-17,61 |
|
Other operating costs |
-14,14 |
-25,62 |
11,48 |
|
Labour cost |
-13,93 |
-16,50 |
2,57 |
|
GROSS OPERATING RESULT |
6,69 |
10,27 |
-3,58 |
|
Amortization of fixed assets |
-2,75 |
-2,90 |
0,15 |
|
Deterioration and result for fixed assets disposal |
-0,03 |
0,01 |
-0,04 |
|
Other expenses / income |
0,59 |
|
|
|
NET OPERATING RESULT |
4,50 |
7,38 |
-2,88 |
|
Financial result |
-2,31 |
-3,67 |
1,36 |
|
RESULT BEFORE TAX |
2,19 |
3,71 |
-1,52 |
|
Taxes on profits |
-0,40 |
-1,24 |
0,84 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,79 |
|
|
|
NET RESULT |
1,79 |
2,47 |
-0,68 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
248.681,96 |
340.213,23 |
1.011.291,33 |
3.172.239,24 |
|
Working capital ratio |
0,03 |
0,08 |
0,25 |
0,37 |
|
Soundness Ratio |
0,62 |
0,85 |
1,30 |
2,49 |
|
Average Collection Period (days) |
116 |
68 |
94 |
134 |
|
Average Payment Period (days) |
118 |
0 |
0 |
52 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
105,84 |
1,14 |
1,53 |
2,12 |
|
Quick Ratio (%) |
2,94 |
0,03 |
0,19 |
0,55 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
42,30 |
0,00 |
0,00 |
15,78 |
|
External Financing Average Cost |
0,06 |
0,02 |
0,05 |
0,06 |
|
Debt Service Coverage |
7,45 |
0,00 |
0,00 |
1,37 |
|
Interest Coverage |
1,83 |
1,22 |
3,59 |
13,11 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
5,52 |
2,58 |
5,28 |
8,83 |
|
Auto financing generated by Assets (%) |
5,68 |
3,04 |
5,31 |
10,30 |
|
Breakdown Point |
1,05 |
1,04 |
1,06 |
1,09 |
|
Average Sales Volume per Employee |
|
153.980,22 |
229.031,16 |
452.349,23 |
|
Average Cost per Employee |
|
24.236,06 |
30.329,40 |
41.505,45 |
|
Assets Turnover |
1,03 |
0,77 |
1,10 |
1,45 |
|
Inventory Turnover (days) |
93 |
52 |
80 |
242 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
4,68 |
3,11 |
5,07 |
11,03 |
|
Operating Profitability (%) |
7,50 |
5,73 |
7,13 |
13,82 |
|
Return on Equity (ROE) (%) |
7,74 |
4,48 |
11,16 |
20,21 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.45.74 |
|
|
1 |
Rs.72.73 |
|
Euro |
1 |
Rs.62.73 |
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
Company |
---- |
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.