MIRA INFORM REPORT
|
Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SUMINISTROS TECNICOS DEL SUR SA ”STS” |
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Registered Office : |
Calle Fresadores (Pg Ind Torrecilla), S/N,
14013 Cordoba Córdoba |
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Country : |
Spain |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
28.10.1986 |
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Legal Form : |
Joint stock Company |
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Line of Business : |
Wholesale of other machinery and equipment |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
150.001,00 € |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Spain |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name
SUMINISTROS TECNICOS DEL SUR SA ”STS”
TAX NUMBER: A14085393
Company situation: Active
EXECUTIVE
SUMMARY
Identification
Current Business Name: SUMINISTROS TECNICOS DEL SUR SA
Other names: YES
Current Address: CALLE FRESADORES (PG IND
TORRECILLA), S/N
Branches: 5
Telephone number: 957760642 Fax: 957202187
URL: www.sts.es
Corporate e-mail: sts@sts.es
Trade Risk
Credit Appraisal: 150.001,00 €
Incidents: NO
R.A.I.: NO
Bank and business defaults of payment - ASNEF EMPRESAS: NO
Financial
Information
Latest sales known (2011): 10.003.000,00
€ (Forecast)
Balance sheet latest sales (2009): 9.038.454,52 € (Trade Register)
Result: -278.828,55 €
Total Assets: 9.275.219,44 €
Social Capital: 252.000,00 €
Employees: 55
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 28/10/1986
Activity: Wholesale of other machinery and equipment
NACE 2009 CODE: 4669
International Operations: Imports
Corporate
Structure
President:
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: 31/03/2011 Re-elections
Latest press article: 27/05/2001 DIARIO DE SEVILLA (FINANCIAL
DATA)
Bank Entities: There are
The date when this report was last updated is 01/06/2011.
The information contained in this report has been investigated and
contrasted on 01/06/2011
TRADE RISK
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 150.001,00 €
Financial Situation
Exercise:2009
|
Treasury |
Good |
|
Indebtedness |
Important |
|
Profitability |
Unfavourable |
|
Balance |
Excellent |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
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 EMPRESAS
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
26/05/2011 14:05:42
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 |
2.636.388,42 |
28,42 |
2.445.677,32 |
25,49 |
2.393.302,33 |
24,30 |
|
B) CURRENT ASSETS |
6.638.831,02 |
71,58 |
7.147.838,81 |
74,51 |
7.455.725,41 |
75,70 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
1.711.154,49 |
18,45 |
1.989.983,04 |
20,74 |
2.115.356,93 |
21,48 |
|
B) NON CURRENT LIABILITIES |
1.844.501,00 |
19,89 |
1.301.601,70 |
13,57 |
1.625.002,15 |
16,50 |
|
C) CURRENT LIABILITIES |
5.719.563,95 |
61,66 |
6.301.931,39 |
65,69 |
6.108.668,66 |
62,02 |
Profit and Loss
Account Analysis
Figures given in €
|
|
2011 FORECAST |
2010 ESTIMATED |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
10.003.000,00 |
10.200.000,00 |
9.038.454,52 |
|
11.408.827,00 |
|
|
GROSS MARGIN |
|
|
3.056.882,42 |
33,82 |
3.844.335,65 |
33,70 |
|
EBITDA |
|
|
-59.303,84 |
-0,66 |
264.912,23 |
2,32 |
|
EBIT |
|
|
-223.649,28 |
-2,47 |
116.802,04 |
1,02 |
|
NET RESULT |
|
|
-278.828,55 |
-3,08 |
-99.234,74 |
-0,87 |
|
EFFECTIVE TAX RATE (%) |
|
|
-29,89 |
|
-33,12 |
|
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
||
|
A) NON CURRENT ASSETS |
28,42 |
18,55 |
9,87 |
|
|
|
|
|
A) CURRENT ASSETS |
71,58 |
81,45 |
-9,87 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
||
|
A) NET WORTH |
18,45 |
39,69 |
-21,24 |
|
|
|
|
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B) NON CURRENT LIABILITIES |
19,89 |
6,51 |
13,38 |
|
|
|
|
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C) CURRENT LIABILITIES |
61,66 |
53,80 |
7,86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
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|
|
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
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SALES |
97,88 |
98,89 |
-1,01 |
|
|
|
|
|
GROSS MARGIN |
33,10 |
29,02 |
4,09 |
|
|
|
|
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EBITDA |
-0,64 |
8,73 |
-9,37 |
|
|
|
|
|
EBIT |
-2,42 |
7,00 |
-9,42 |
|
|
|
|
|
NET RESULT |
-3,02 |
4,69 |
-7,71 |
|
|
|
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Sector Composition
Compared sector (NACE 2009): 4669
Number of companies: 370
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 |
-278.828,55 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Voluntary Reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Prior years losses |
-278.828,55 |
|
Reserves |
0,00 |
Carry over |
0,00 |
|
Other concepts |
0,00 |
Other funds |
0,00 |
|
Total of Amounts to be distributed |
-278.828,55 |
Dividends |
0,00 |
|
|
|
Other Applications |
0,00 |
Auditing
Source: filing of annual financial statement 2009
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: AUDITORES DEL SUR S.L.
Auditing exceptions:
A LA SOCIEDAD NO LE HA SIDO POSIBLE REALIZAR LA TOTAL IDAD DE LOS
INVENTARIOS DE LAS EXISTENCIAS QUE POSEE EN LOS DISTINTOS CENTROS DE ACTIVIDAD
A 31 DE DICIEMBRE DE 2009, POR LO QUE NO SE HA PODIDO ASISTIR A LA TOMA DE
INVENTARIO FISICO DE LOS ALMACENES SITUADOS EN LAS DELEGACIONES DE VALLADOLID Y
ZARAGOZA, QUE MANTENIAN EXISTENCIAS DEPOSITADAS POR UN VALOR CONTABLE DE 528.387
EUROS AL CIERRE DEL EJERCICIO, NI HEMOS PODIDO SATISFACERNOS SOBRE ESTAS
MEDIANTE LA APLICACION DE OTROS PROCEDIMIENTOS ALTERNATIVOS DE AUDITORIA. LA
DISMINUCION DE LA DEMANDA UNIDA A LA CRISIS FINANCIERA INTERNACIONAL, QUE HAN
OCASIONADO UN ENDURECIMEINTO DE LAS CONDICIONES DE FINANCIACION Y UNAS MAYORES
RESTRICCIONES DE ACCESO A LA MISMA, ASI COMO UNA CAIDA EN LAS VENTAS, HAN
PROVOCADO PROBLEMAS FINANCIEROS A UNA GRAN PARTE DE LAS EMPRESAS DE TODOS LOS
SECTORES. DICHA SITUACION SE PONE DE MANIFIESTO POR LOS ADMINISTRADORES EN LA
NOTA 2 DE LA MEMORIA Y EN EL INFORME DE GESTION. ESTOS HECHOS SON INDICAN
Auditing fees: 7.199,00 €
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.
company
ADDRESSES
Current Legal Seat Address:
CALLE FRESADORES (PG IND TORRECILLA), S/N
14013 CORDOBA
CÓRDOBA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE INGENIERO TORRES QUEVEDO |
14013 |
CORDOBA |
Córdoba |
|
CALLE JUAN BAUTISTA ESCUDERO, 247 |
14014 |
CORDOBA |
Córdoba |
|
CALLE PIRITA (PG IND SAN CRISTOBAL. PARCELA 203. NAVE
A), 203 |
47012 |
VALLADOLID |
Valladolid |
|
POLIGONO INDUSTRIAL MALPICA (ALFIDEN CL SAUCE), 84 |
50016 |
ZARAGOZA |
Saragossa |
|
CALLE SAUCE, 84 |
50171 |
LA PUEBLA DE ALFINDEN |
Saragossa |
There are 5 branches registered
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CARRETERA ISLA MENOR |
41703 |
DOS HERMANAS |
Seville |
There are 1 former branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
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|
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Distribution of the administration board |
|
|
Governing body : 9 members (latest change:
31/03/2011) Auditor : 1 (latest change: 06/11/2008) Operative Board Members : 4 (latest change: 07/05/2010) Non-current positions : 5 (latest change: 06/07/2009) |
|
|
Main Board members,
Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
COMES LLEVERIA, JOSE EMILIO |
31/03/2011 |
|
MANAGING DIRECTOR |
RODRIGUEZ REDO, ESTEBAN |
31/03/2011 |
|
MEMBER OF THE BOARD |
COMES LLIBERIA, AGUSTIN |
31/03/2011 |
|
MEMBER OF THE BOARD |
LUQUE PEREZ, FERNANDO |
31/03/2011 |
|
MEMBER OF THE BOARD |
SERRANO GARCIA, SEBASTIAN |
31/03/2011 |
|
MEMBER OF THE BOARD |
SEVILLANO RODRIGUEZ, TEODORO |
31/03/2011 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
AUDITORES DEL SUR SL |
06/11/2008 |
There are 10 board members, directors and auditors registered
|
POSITION |
NAME AND SURNAME |
|
General Manager |
RODRIGUEZ, ESTEBAN |
|
Financial Manager |
SERRANO GARCIA, SEBASTIAN |
|
Commercial Director |
LUQUE PEREZ, FERNANDO |
|
Marketing Director |
RODRIGUEZ, NURIA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SEVILLANO RODRIGUEZ TEODORO |
|
25,00 |
OWN SOURCES |
01/06/2011 |
|
|
COMES LLEVERIA JOSE EMILIO |
|
25,00 |
OWN SOURCES |
01/06/2011 |
|
|
COMES LLIBERIA AGUSTIN |
|
25,00 |
OWN SOURCES |
01/06/2011 |
|
|
RODRIGUEZ REDO ESTEBAN |
|
15,00 |
OWN SOURCES |
01/06/2011 |
|
|
SERRANO GARCIA SEBASTIAN |
|
5,00 |
OWN SOURCES |
01/06/2011 |
|
|
LUQUE PEREZ FERNANDO |
|
5,00 |
OWN SOURCES |
01/06/2011 |
There are 6 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PONS PONS ELEUTERIO |
|
10,00 |
OWN SOURCES |
07/05/2010 |
|
|
SUMINISTROS TECNICOS DEL SUR SA |
A14085393 |
5,00 |
TRADE REG. |
31/10/2000 |
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SUMINISTROS TECNICOS DEL SUR SA |
A14085393 |
5,00 |
TRADE REG. |
31/10/2000 |
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”JOSE EMILIO COMES LLEVERIA”
|
COMPANY |
POSITION |
PROVINCE |
|
EMILIO COMES SOCIEDAD LIMITADA. |
Presidente |
TARRAGONA |
|
LASER BAIX EBRE SL |
Consejero |
TARRAGONA |
|
NUEVAS TECNOLOGIAS COMES SOCIEDAD ANONIMA |
Secretario |
TARRAGONA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”SUMINISTROS TECNICOS DEL SUR SA”
URL: www.sts.es
Suministros Técnicos del Sur S.A. STS Componentes hidráulicos y neumáticos,
transmisión de potencia, accesorios y recambios para maquinaria agroindustrial.
URL: www.buscoempresas.es
Suministros tecnicos del sur, s.a. · BuscoEmpresas.es Suministros
tecnicos del sur, s.a.Mayorista de suministros industriales.CORDOBA (CORDOBA)
Ficha para la empresa Suministros tecnicos del sur, s.a. dentro de ...
URL: www.guiasgtp.com
Ficha de Suministros Técnicos del Sur, S.A. - STS | Guía de la ... Suministros
Técnicos del Sur, S.A. - STS. Pol. Ind. La Torrecilla - C/ Fresadores, s/n
14013 CÓRDOBA. Tel.: 957 760 222. Fax: 957 202 187. @: sts@sts. es ...
URL: www.guias11811.es
Suministros Tecnicos Del Sur en Valladolid | Teléfono SUMINISTROS
TECNICOS DEL SUR S.A.. Agricultura: Máquinas Y Equipos. Work. Calle Pirita,
S/N. VALLADOLID. 47012 NAVE 2 VALLADOLID Valladolid ...
URL: hydraulic-vlv.com
Distributors - Badestnost JSCo SUMINISTROS TECNICOS del Sur, S.A..
Poligono Industrial La Torrecilla, C/ Fresadores s/n 14013 -Cordoba SPAIN
Phone: +34 957 76 02 22, Fax: +34 957 20 21 87 ...
BUSINESS INFORMATION
Incorporation date: 28/10/1986
Establishment date: 01/01/1986
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Wholesale of other machinery and equipment
NACE 2009 CODE: 4669
NACE 2009 Activity: Wholesale of other machinery and equipment
Business: COMPRAVENTA, IMPORTACION Y EXPORTACION DE
MAQUINARIA Y SUS REPUESTOS, ARTICULOS DE FERRETERIA, TANTO AGRICOLA O
INDUSTRIAL
Latest employees figure: 55 (2011)
% of fixed employees: 87,88%
% of temporary employees: 12,12%
% of men: 93,55%
% of women: 6,45%
Employees
evolution
|
|
|
|
Source: Annual financial report 2009
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
58 |
4 |
PURCHASES
Import Percentage: 10%
Imports from: CHINA
SALES
Cash collections: 10%
Credit collections: 90%
National Distribution: 99%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
DISTRIBUIDORA
INTERNACIONAL CARMEN SA |
NO |
There are 1 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
SILOS CORDOBA SL |
NO |
There are 1 Clients
•
El 44.40% de su cifra de negocio corresponde a ventas
agricola .
•
El 8.35% de su cifra de negocio corresponde a
ventas industria .
•
El 36.26% de su cifra de negocio corresponde a
ventas hidraulica .
•
El 10.99% de su cifra de negocio corresponde a
ventas transmision .
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANKINTER, S.A. |
0740 |
RONDA DE LOS TEJARES,19 |
CORDOBA |
Córdoba |
|
BANCO POPULAR ESPAŃOL, S.A. |
1002 |
INGENIERO J. DE LA CIERVA, S-N |
CORDOBA |
Córdoba |
|
CAJA DE AHORROS Y PENSIONES DE BARCELONA |
|
|
CORDOBA |
|
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
CORDOBA |
|
There are 4 bank entities registered
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
|
|
elementos de transporte |
7.874,14 |
29.317,44 |
There are 1 leasing operations registered
Brand name: S STS SUMINISTROS TECNICOS DEL SUR,
S.A. (Valid)
Type: JOINT Scope: NATIONAL Date: 01/10/2000
There are 2 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 28/10/1986
Legal form: Joint-stock Company
Social Capital: 252.000,00 €
Paid-up capital: 252.000,00 €
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: 22 (Last: 31/03/2011, first:
25/02/1991)
Acts on capital: 2 (Last: 29/11/2001, first:
16/06/1992)
Acts on creation: 0
Acts on filed accounts: 19 (Last: 28/06/2010, first:
16/10/1992)
Acts on identification: 0
Acts on Information: 1 (Last: 16/06/1992)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Re-elections |
31/03/2011 |
144734 |
Córdoba |
|
Appointments |
06/07/2009 |
302359 |
Córdoba |
|
Resignations |
06/07/2009 |
302359 |
Córdoba |
|
Re-elections |
06/11/2008 |
508136 |
Córdoba |
|
Appointments |
04/07/2007 |
358168 |
Córdoba |
|
Officially cancelling of an appointment |
04/07/2007 |
358168 |
Córdoba |
|
Appointments |
04/07/2007 |
358167 |
Córdoba |
|
Re-elections |
16/05/2006 |
248352 |
Córdoba |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
28/06/2010 |
218134 |
Córdoba |
|
Annual Filed Accounts (2008) |
21/07/2009 |
171106 |
Córdoba |
|
Annual Filed Accounts (2007) |
10/07/2008 |
195687 |
Córdoba |
There are 44 acts registered
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: 1 (Last: 27/05/2001)
Latest press article published
27/05/2001 DIARIO DE SEVILLA - FINANCIAL DATA
ESTA SDAD. FACTURO EL PASADO AŃO 1.460 MM. DE PTAS., UN 27% MAS QUE EN
1999 Y ALCANZO UN BENEFICIO NETO DE 26,574 MM. LA EMPRESA ESTUDIA ENTRAR EN
NUEVOS MERCADOS, SITUANDO EL PUNTO DE MIRA EN LATINOAMERICA Y MARRUECOS. EN
ESTOS PAISES ENTRARA INICIALMENTE VIA DIRECTA STS-CLIENTE, PARA PASAR
POSTERIORMENTE A UNA FASE DE ALIANZA CON UN AGENTE O DISTRIBUIDOR DE LA ZONA.
ESTE PROYECTO, QUE CONTEMPLA UNA INVERSION CERCANA A LOS 25 MM. DE PTAS.,
PODRIA ESTAR EN MARCHA EN MENOS DE UN AŃO. LA EMPRESA CUENTA CON DELEGACIONES
EN VALLADOLID Y ZARAGOZA Y HA INVERTIDO 200 MM. DE PTAS. EN SUS
INSTALACIONES.
There are 1 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 02/07/2010.
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 |
2.636.388,42 |
28,42 |
2.445.677,32 |
25,49 |
2.393.302,33 |
24,30 |
|
I. Intangible assets |
23.139,60 |
0,25 |
43.768,72 |
0,46 |
59.619,55 |
0,61 |
|
3. Patents, licences , trademarks and similars |
2.189,56 |
0,02 |
3,56 |
0,00 |
|
|
|
5. Software |
20.950,04 |
0,23 |
43.765,16 |
0,46 |
|
|
|
II. Tangible fixed assets |
2.397.980,27 |
25,85 |
2.324.274,80 |
24,23 |
2.304.571,81 |
23,40 |
|
1. Property, plant and equipment |
1.070.533,42 |
11,54 |
956.878,74 |
9,97 |
|
|
|
2. Technical fittings and other tangible assets |
300.349,64 |
3,24 |
482.911,48 |
5,03 |
|
|
|
3. Fixed assets in progress and advances |
1.027.097,21 |
11,07 |
884.484,58 |
9,22 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
47.238,43 |
0,51 |
28.489,70 |
0,30 |
29.110,97 |
0,30 |
|
3. Debt representative values |
25.000,00 |
0,27 |
|
|
|
|
|
5. Other financial assets |
22.238,43 |
0,24 |
28.489,70 |
0,30 |
29.110,97 |
0,30 |
|
VI. Assets by deferred taxes |
168.030,12 |
1,81 |
49.144,10 |
0,51 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
6.638.831,02 |
71,58 |
7.147.838,81 |
74,51 |
7.455.725,41 |
75,70 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
3.737.560,08 |
40,30 |
4.160.603,55 |
43,37 |
3.968.134,47 |
40,29 |
|
1. Goods available for sale |
3.699.875,24 |
39,89 |
4.142.556,82 |
43,18 |
|
|
|
2. Raw material inventory |
12.984,84 |
0,14 |
17.759,33 |
0,19 |
|
|
|
6. Pre-payments to suppliers |
24.700,00 |
0,27 |
287,40 |
0,00 |
|
|
|
III. Trade Debtors and other receivable accounts |
2.792.099,61 |
30,10 |
2.949.066,93 |
30,74 |
3.403.539,03 |
34,56 |
|
1. Clients |
2.779.352,82 |
29,97 |
2.927.764,29 |
30,52 |
3.357.034,05 |
34,08 |
|
b) Clients for sales and short term services
rendering |
2.779.352,82 |
29,97 |
2.927.764,29 |
30,52 |
|
|
|
4. Staff |
12.745,41 |
0,14 |
13.481,80 |
0,14 |
15.525,53 |
0,16 |
|
5. Assets by current taxes |
|
|
4,04 |
0,00 |
|
|
|
6. Other credits with the Public Administrations |
1,38 |
0,00 |
7.816,80 |
0,08 |
30.979,45 |
0,31 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
390,00 |
0,00 |
|
|
2.710,65 |
0,03 |
|
5. Other financial assets |
390,00 |
0,00 |
|
|
2.710,65 |
0,03 |
|
VI. Short term periodifications |
68.155,63 |
0,73 |
22.465,56 |
0,23 |
34.197,92 |
0,35 |
|
VII. Cash and equivalents |
40.625,70 |
0,44 |
15.702,77 |
0,16 |
47.143,34 |
0,48 |
|
1. Treasury |
40.625,70 |
0,44 |
15.702,77 |
0,16 |
47.143,34 |
0,48 |
|
TOTAL ASSETS (A + B) |
9.275.219,44 |
100,00 |
9.593.516,13 |
100,00 |
9.849.027,74 |
100,00 |
Alerts associated to the conversion to PGC2007
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”.
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 |
1.711.154,49 |
18,45 |
1.989.983,04 |
20,74 |
2.115.356,93 |
21,48 |
|
A-1) Equity |
1.711.154,49 |
18,45 |
1.989.983,04 |
20,74 |
2.115.356,93 |
21,48 |
|
I. Capital |
252.000,00 |
2,72 |
252.000,00 |
2,63 |
252.000,00 |
2,56 |
|
1. Authorized capital |
252.000,00 |
2,72 |
252.000,00 |
2,63 |
252.000,00 |
2,56 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
1.837.217,78 |
19,81 |
1.837.217,78 |
19,15 |
1.690.180,23 |
17,16 |
|
1. Legal and statutory |
50.400,00 |
0,54 |
50.400,00 |
0,53 |
50.400,00 |
0,51 |
|
2. Other funds |
1.786.817,78 |
19,26 |
1.786.817,78 |
18,63 |
1.639.780,23 |
16,65 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-99.234,74 |
-1,07 |
|
|
|
|
|
2. (Prior years losses) |
-99.234,74 |
-1,07 |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
-278.828,55 |
-3,01 |
-99.234,74 |
-1,03 |
173.176,70 |
1,76 |
|
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 |
1.844.501,00 |
19,89 |
1.301.601,70 |
13,57 |
1.625.002,15 |
16,50 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
1.844.501,00 |
19,89 |
1.301.601,70 |
13,57 |
1.625.002,15 |
16,50 |
|
2. Debts with bank entities |
1.844.501,00 |
19,89 |
1.301.601,70 |
13,57 |
1.625.002,15 |
16,50 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
5.719.563,95 |
61,66 |
6.301.931,39 |
65,69 |
6.108.668,66 |
62,02 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
2.939.156,95 |
31,69 |
4.035.817,70 |
42,07 |
2.965.678,10 |
30,11 |
|
2. Debts with bank entities |
2.939.156,95 |
31,69 |
4.035.817,70 |
42,07 |
2.965.678,10 |
30,11 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
2.778.311,15 |
29,95 |
2.266.113,69 |
23,62 |
3.142.990,56 |
31,91 |
|
1. Suppliers |
2.321.548,44 |
25,03 |
1.824.690,74 |
19,02 |
2.791.491,28 |
28,34 |
|
b) Short term suppliers |
2.321.548,44 |
25,03 |
1.824.690,74 |
19,02 |
|
|
|
3. Different creditors |
168.969,38 |
1,82 |
115.287,74 |
1,20 |
|
|
|
4. Staff (pending remunerations) |
89.073,30 |
0,96 |
102.001,03 |
1,06 |
92.821,96 |
0,94 |
|
6. Other debts with Public Administrations |
174.840,66 |
1,89 |
224.134,18 |
2,34 |
258.677,32 |
2,63 |
|
7. Clients pre-payments |
23.879,37 |
0,26 |
|
|
|
|
|
VI. Short term periodifications |
2.095,85 |
0,02 |
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
9.275.219,44 |
100,00 |
9.593.516,13 |
100,00 |
9.849.027,74 |
100,00 |
Alerts associated to the conversion to PGC2007
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) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
31/12/2007 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
9.038.454,52 |
97,88 |
11.408.827,00 |
97,95 |
12.249.521,30 |
97,95 |
|
A) Sales |
9.038.454,52 |
97,88 |
11.408.827,00 |
97,95 |
12.249.521,30 |
97,95 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-6.177.322,24 |
-66,90 |
-7.803.756,37 |
-67,00 |
-8.570.171,61 |
-68,53 |
|
a) Material consumed |
-6.129.660,01 |
-66,38 |
-7.728.334,58 |
-66,35 |
-8.482.723,84 |
-67,83 |
|
b) Raw materials consumed |
-47.662,23 |
-0,52 |
-75.421,79 |
-0,65 |
-64.832,04 |
-0,52 |
|
d) Deterioration on merchandises, raw materials and other supplies |
|
|
|
|
-22.615,73 |
-0,18 |
|
5. Other operating income |
195.750,14 |
2,12 |
239.265,02 |
2,05 |
256.723,69 |
2,05 |
|
a) Other incomes |
195.750,14 |
2,12 |
208.881,02 |
1,79 |
220.331,36 |
1,76 |
|
b) Operating grants included in the exercise result |
|
|
30.384,00 |
0,26 |
36.392,33 |
0,29 |
|
6. Labour cost |
-2.149.798,35 |
-23,28 |
-2.429.340,67 |
-20,86 |
-2.231.279,53 |
-17,84 |
|
a) Wages and similar expenses |
-1.673.242,55 |
-18,12 |
-1.837.539,57 |
-15,78 |
|
|
|
b) Social costs |
-459.630,22 |
-4,98 |
-549.635,24 |
-4,72 |
|
|
|
c) Provisions |
-16.925,58 |
-0,18 |
-42.165,86 |
-0,36 |
|
|
|
7. Other operating costs |
-996.750,72 |
-10,79 |
-1.165.196,51 |
-10,00 |
-1.146.251,71 |
-9,17 |
|
a) External services |
-952.318,01 |
-10,31 |
-1.150.046,74 |
-9,87 |
-1.127.040,35 |
-9,01 |
|
b) Taxes |
-24.744,58 |
-0,27 |
-15.634,74 |
-0,13 |
-13.012,75 |
-0,10 |
|
c) Losses, deterioration and variation on business operations
provisions |
-19.688,13 |
-0,21 |
484,97 |
0,00 |
-6.198,61 |
-0,05 |
|
8. Amortization of fixed assets |
-144.657,31 |
-1,57 |
-148.595,16 |
-1,28 |
-148.059,25 |
-1,18 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
500,00 |
0,01 |
-76,84 |
0,00 |
|
|
|
b) Results for disposals and others |
500,00 |
0,01 |
-76,84 |
0,00 |
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
10.174,68 |
0,11 |
15.675,57 |
0,13 |
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
-223.649,28 |
-2,42 |
116.802,04 |
1,00 |
410.482,89 |
3,28 |
|
14. Financial income |
45.235,45 |
0,49 |
30.539,58 |
0,26 |
51.531,65 |
0,41 |
|
b) From negotiable values and other financial instruments |
45.235,45 |
0,49 |
30.539,58 |
0,26 |
51.531,65 |
0,41 |
|
b 1) From group and associated companies |
|
|
|
|
18.912,86 |
0,15 |
|
b 2) From third parties |
45.235,45 |
0,49 |
30.539,58 |
0,26 |
32.618,79 |
0,26 |
|
15. Financial expenses |
-218.599,72 |
-2,37 |
-259.375,28 |
-2,23 |
-205.877,81 |
-1,65 |
|
a) For debts with associated and affiliated companies |
|
|
-95.669,32 |
-0,82 |
-203.010,33 |
-1,62 |
|
b) For debts with third parties |
-218.599,72 |
-2,37 |
-163.705,96 |
-1,41 |
-2.867,48 |
-0,02 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-701,02 |
-0,01 |
-36.345,18 |
-0,31 |
98,14 |
0,00 |
|
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) |
-174.065,29 |
-1,89 |
-265.180,88 |
-2,28 |
-154.248,02 |
-1,23 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
-397.714,57 |
-4,31 |
-148.378,84 |
-1,27 |
256.234,87 |
2,05 |
|
20. Taxes on profits |
118.886,02 |
1,29 |
49.144,10 |
0,42 |
-83.058,17 |
-0,66 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
-278.828,55 |
-3,02 |
-99.234,74 |
-0,85 |
173.176,70 |
1,38 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
-278.828,55 |
-3,02 |
-99.234,74 |
-0,85 |
173.176,70 |
1,38 |
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 (1/3) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
-278.828,55 |
-99.234,74 |
|
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) |
-278.828,55 |
-99.234,74 |
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) |
252.000,00 |
1.699.964,50 |
|
173.176,72 |
|
I. Adjustments by change of criteria in the exercise (2007) |
|
-9.946,93 |
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
252.000,00 |
1.690.017,57 |
|
173.176,72 |
|
I. Total recognized income and expenses |
|
|
|
-99.234,74 |
|
II. Operations with partners or owners |
|
|
|
-25.976,50 |
|
4. (-) Dividends distribution |
|
|
|
-25.976,50 |
|
III. Other net worth variations |
|
147.200,21 |
|
-147.200,21 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
252.000,00 |
1.837.217,78 |
|
-99.234,74 |
|
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) |
252.000,00 |
1.837.217,78 |
|
-99.234,74 |
|
I. Total recognized income and expenses |
|
|
|
-278.828,55 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
-99.234,74 |
99.234,74 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
252.000,00 |
1.837.217,78 |
-99.234,74 |
-278.828,55 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
2.125.141,22 |
|
||
|
I. Adjustments by change of criteria in the exercise (2007) |
-9.946,93 |
|
||
|
II. Adjustments by errors in the exercise (2007) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
2.115.194,29 |
|
||
|
I. Total recognized income and expenses |
-99.234,74 |
|
||
|
II. Operations with partners or owners |
-25.976,50 |
|
||
|
4. (-) Dividends distribution |
-25.976,50 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.989.983,04 |
|
||
|
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) |
1.989.983,04 |
|
||
|
I. Total recognized income and expenses |
-278.828,55 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.711.154,49 |
|
||
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 |
-397.714,57 |
-148.378,84 |
|
2. Results adjustments |
318.339,25 |
445.203,76 |
|
a) Amortization of fixed assets (+) |
144.657,31 |
148.595,16 |
|
b) Value correction for deterioration (+/-) |
-500,00 |
76,84 |
|
d) Grants allocation (-) |
|
30.384,00 |
|
g) Financial income (-) |
-45.235,45 |
-30.539,58 |
|
f) Financial expenses (+) |
218.599,72 |
260.342,16 |
|
i) Change difference (+/-) |
701,02 |
36.345,18 |
|
k) Other income and expenses (-/+) |
116,65 |
|
|
3. Changes in current capital |
1.070.398,58 |
-491.517,92 |
|
a) Stocks (+/-) |
423.043,47 |
-193.435,96 |
|
b) Debtors and other receivable accounts (+/-) |
129.308,35 |
481.911,55 |
|
c) Other current assets (+/-) |
-45.690,07 |
13.825,36 |
|
d) Creditors and other payable accounts (+/-) |
561.640,98 |
-793.818,87 |
|
e) Other current liabilities (+/-) |
2.095,85 |
|
|
4. Other cash flow coming from operating activities |
-214.836,95 |
-300.061,66 |
|
a) Interests payments (-) |
-218.599,72 |
-296.687,34 |
|
c) Interests collections (+) |
45.235,45 |
30.539,58 |
|
d) Collections (payments) for profit tax (+/-) |
4,04 |
-33.913,90 |
|
e) Other payments (collections) (-/+) |
-41.476,72 |
|
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
776.186,31 |
-494.754,66 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
6. Investment payments (-) |
-222.731,33 |
-195.533,83 |
|
b) Intangible assets |
-1.195,30 |
-4.920,00 |
|
c) Tangible assets |
-196.536,03 |
-142.091,00 |
|
e) Other financial assets |
-25.000,00 |
-48.522,83 |
|
7. Disinvestment collections (+) |
6.251,27 |
|
|
g) Business unit |
6.251,27 |
|
|
8. Cash Flow in investment activities (6 + 7) |
-216.480,06 |
-195.533,83 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
9. Net worth instruments collections and payments |
19.688,13 |
|
|
e) Received legacies, grants and subventions (+) |
19.688,13 |
|
|
10. Financial liabilities instruments collections and payments |
-553.761,45 |
747.706,03 |
|
a) Issue |
542.899,30 |
1.070.139,60 |
|
2. Debts with bank entities (+) |
542.899,30 |
|
|
b) Return and amortization of |
-1.096.660,75 |
-322.433,57 |
|
2. Debts with bank entities (-) |
-1.096.660,75 |
-322.433,57 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
-25.976,50 |
|
a) Dividends (-) |
|
-25.976,50 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-534.073,32 |
721.729,53 |
|
D) Exchange rate variations effect |
-710,00 |
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
24.922,93 |
31.441,04 |
|
Cash or equivalents at the beginning of the exercise |
15.702,77 |
47.143,34 |
|
Cash or equivalents at the end of the exercise |
40.625,70 |
15.702,77 |
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
919.267,07 |
8,67 |
845.907,42 |
-37,20 |
1.347.056,75 |
|
Working capital ratio |
0,10 |
11,11 |
0,09 |
-35,71 |
0,14 |
|
Soundness Ratio |
0,65 |
-19,75 |
0,81 |
-7,95 |
0,88 |
|
Average Collection Period (days) |
111 |
19,77 |
93 |
-7,19 |
100 |
|
Average Payment Period (days) |
139 |
52,96 |
91 |
-21,67 |
116 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
116,07 |
2,34 |
113,42 |
-7,07 |
122,05 |
|
Quick Ratio (%) |
0,72 |
188,00 |
0,25 |
-69,51 |
0,82 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
51,58 |
-7,30 |
55,64 |
19,37 |
46,61 |
|
External Financing Average Cost |
0,05 |
0,00 |
0,05 |
0,00 |
0,04 |
|
Debt Service Coverage |
6,16 |
157,09 |
-10,79 |
-175,51 |
14,29 |
|
Interest Coverage |
-1,02 |
-326,67 |
0,45 |
-77,39 |
1,99 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
8,59 |
297,93 |
-4,34 |
-265,65 |
2,62 |
|
Auto financing generated by Assets (%) |
8,37 |
262,21 |
-5,16 |
-258,28 |
3,26 |
|
Breakdown Point |
0,98 |
-2,97 |
1,01 |
-1,94 |
1,04 |
|
Average Sales Volume per Employee |
136.697,74 |
-8,00 |
148.591,13 |
-6,60 |
159.084,69 |
|
Average Cost per Employee |
32.513,59 |
2,76 |
31.640,28 |
9,19 |
28.977,66 |
|
Assets Turnover |
0,97 |
-18,49 |
1,19 |
-4,03 |
1,24 |
|
Inventory Turnover (days) |
218 |
13,51 |
192 |
15,12 |
167 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
-2,41 |
-297,54 |
1,22 |
-70,74 |
4,17 |
|
Operating Profitability (%) |
-0,85 |
-130,69 |
2,77 |
-51,15 |
5,67 |
|
Return on Equity (ROE) (%) |
-23,24 |
-211,53 |
-7,46 |
-161,60 |
12,11 |
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 |
28,42 |
18,55 |
9,87 |
|
A) CURRENT ASSETS |
71,58 |
81,45 |
-9,87 |
|
LIABILITIES |
|||
|
A) NET WORTH |
18,45 |
39,69 |
-21,24 |
|
B) NON CURRENT LIABILITIES |
19,89 |
6,51 |
13,38 |
|
C) CURRENT LIABILITIES |
61,66 |
53,80 |
7,86 |
|
|
|
|
|
Analytical Account of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
97,88 |
98,89 |
-1,01 |
|
Other operating income |
2,12 |
1,11 |
1,01 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-66,90 |
-71,26 |
4,36 |
|
Variation in stocks of finished goods and work in progress |
|
0,28 |
|
|
GROSS MARGIN |
33,10 |
29,02 |
4,09 |
|
Other operating costs |
-10,79 |
-9,36 |
-1,42 |
|
Labour cost |
-23,28 |
-11,56 |
-11,72 |
|
GROSS OPERATING RESULT |
-0,97 |
8,09 |
-9,06 |
|
Amortization of fixed assets |
-1,57 |
-1,32 |
-0,25 |
|
Deterioration and result for fixed assets disposal |
0,01 |
0,24 |
-0,23 |
|
Other expenses / income |
0,11 |
|
|
|
NET OPERATING RESULT |
-2,42 |
7,00 |
-9,42 |
|
Financial result |
-1,89 |
-0,37 |
-1,52 |
|
RESULT BEFORE TAX |
-4,31 |
6,64 |
-10,95 |
|
Taxes on profits |
1,29 |
-1,94 |
3,24 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
-3,02 |
|
|
|
NET RESULT |
-3,02 |
4,69 |
-7,71 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
919.267,07 |
834.305,04 |
1.928.238,50 |
4.003.711,57 |
|
Working capital ratio |
0,10 |
0,13 |
0,26 |
0,43 |
|
Soundness Ratio |
0,65 |
1,33 |
2,62 |
7,51 |
|
Average Collection Period (days) |
111 |
103 |
126 |
147 |
|
Average Payment Period (days) |
139 |
32 |
71 |
105 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
116,07 |
1,19 |
1,47 |
2,02 |
|
Quick Ratio (%) |
0,72 |
0,03 |
0,10 |
0,29 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
51,58 |
5,42 |
21,26 |
42,64 |
|
External Financing Average Cost |
0,05 |
0,03 |
0,05 |
0,08 |
|
Debt Service Coverage |
6,16 |
0,41 |
2,62 |
7,53 |
|
Interest Coverage |
-1,02 |
2,51 |
6,00 |
24,66 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
8,59 |
2,80 |
4,67 |
7,98 |
|
Auto financing generated by Assets (%) |
8,37 |
3,96 |
7,53 |
11,78 |
|
Breakdown Point |
0,98 |
1,03 |
1,06 |
1,10 |
|
Average Sales Volume per Employee |
136.697,74 |
270.153,06 |
362.779,82 |
506.748,80 |
|
Average Cost per Employee |
32.513,59 |
31.994,31 |
38.726,80 |
49.279,99 |
|
Assets Turnover |
0,97 |
1,17 |
1,51 |
1,85 |
|
Inventory Turnover (days) |
218 |
40 |
67 |
102 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
-2,41 |
4,44 |
8,47 |
14,14 |
|
Operating Profitability (%) |
-0,85 |
6,62 |
11,16 |
16,72 |
|
Return on Equity (ROE) (%) |
-23,24 |
13,22 |
23,25 |
35,29 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
UK Pound |
1 |
Rs.73.46 |
|
Euro |
1 |
Rs.64.58 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.