MIRA INFORM REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
NUEVA COMPANIA DE INDIAS SA |
|
|
|
|
Registered Office : |
Calle Astigarrako Bidea, 2 - Plt Tercera Of 18, 20180 Oiartzun
Guipúzcoa |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business
: |
sale of laboratory products |
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 : |
97.681,00 € |
|
|
|
|
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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
NUEVA COMPANIA DE INDIAS SA
TAX NUMBER: A20474615
EXECUTIVE SUMMARY
Identification
Current Business Name: NUEVA COMPANIA DE INDIAS SA
Other names: YES
Current Address: CALLE ASTIGARRAKO BIDEA, 2
- PLT TERCERA OF 18
Telephone number: 943494164 Fax: 943494181
Corporate e-mail: nci@nci-sa.net
Trade Risk
Credit Appraisal: 97.681,00 €
Incidents: NO
R.A.I.: YES
Bank and business defaults of payment - ASNEF EMPRESAS: NO
Financial
Information
Latest sales known (2010): 5.000.000,00
€ (Estimated)
Balance sheet latest sales (2009): 2.618.096,64 € (Trade Register)
Result: 4.679,78 €
Total Assets: 3.509.725,37 €
Social Capital: 1.097.280,00 €
Employees: 4
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 11/01/1994
Activity: Wholesale of other products
NACE 2009 CODE: 4690
International Operations: No business relationships registered
Corporate Structure
President:
OZAMIZ ESTRADE, FRANCISCO JAVIER
Parent Company:
LOPEZ GONZALEZ MESONES ALBERTO
Participations: 1
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: 04/05/2011 Meeting notification
Latest press article: 13/06/2007 DEIA (LEGAL
ANNOUNCEMENTS)
Bank Entities: There are
The date when this report was last updated is 16/06/2011.
The information contained in this report has been investigated and
contrasted on 16/06/2011
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000
€)
Favourable to 97.681,00 €
Financial Situation
Exercise:2009
|
Treasury |
Excellent |
|
Indebtedness |
Slight |
|
Profitability |
Null |
|
Balance |
Excellent |
Performance
|
Incidents |
Exceptional |
|
Business
Trajectory |
Good |
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.
|
|
|
|
NUMBER OF ENTRIES FOUND |
1 |
|
TOTAL AMOUNT |
842,24 |
|
DATE OF THE LAST ENTRY |
09/10/2010 |
|
DATE AND TIME OF THE CONSULTATION |
10/06/2011 09:06:02 |
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 |
266.406,03 |
7,59 |
250.432,59 |
7,02 |
242.122,17 |
9,71 |
|
B) CURRENT ASSETS |
3.243.319,34 |
92,41 |
3.317.452,73 |
92,98 |
2.252.207,49 |
90,29 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
1.916.441,10 |
54,60 |
1.289.681,32 |
36,15 |
1.224.145,31 |
49,08 |
|
B) NON CURRENT LIABILITIES |
20.658,17 |
0,59 |
|
|
|
|
|
C) CURRENT LIABILITIES |
1.572.626,10 |
44,81 |
2.278.204,00 |
63,85 |
1.270.184,35 |
50,92 |
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 |
5.000.000,00 |
2.618.096,64 |
|
5.027.273,00 |
|
|
GROSS MARGIN |
|
893.310,93 |
34,12 |
1.036.511,92 |
20,62 |
|
EBITDA |
|
113.718,61 |
4,34 |
150.052,48 |
2,98 |
|
EBIT |
|
81.096,02 |
3,10 |
123.933,40 |
2,47 |
|
NET RESULT |
|
4.679,78 |
0,18 |
65.536,01 |
1,30 |
|
EFFECTIVE TAX RATE (%) |
|
54,09 |
|
7,63 |
|
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
||
|
A) NON CURRENT ASSETS |
7,59 |
31,54 |
-23,95 |
|
|
|
|
|
A) CURRENT ASSETS |
92,41 |
68,46 |
23,95 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
||
|
A) NET WORTH |
54,60 |
38,55 |
16,05 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
0,59 |
14,55 |
-13,96 |
|
|
|
|
|
C) CURRENT LIABILITIES |
44,81 |
46,90 |
-2,09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
99,92 |
98,57 |
1,35 |
|
|
|
|
|
GROSS MARGIN |
34,09 |
35,64 |
-1,55 |
|
|
|
|
|
EBITDA |
4,34 |
6,83 |
-2,49 |
|
|
|
|
|
EBIT |
3,10 |
4,93 |
-1,83 |
|
|
|
|
|
NET RESULT |
0,18 |
2,91 |
-2,73 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 469
Number of companies: 3451
Size (Sales Figure): 0 - 2,800,000.00 Euros
company ADDRESSES
Current Legal Seat Address:
CALLE ASTIGARRAKO BIDEA, 2 - PLT TERCERA OF 18
20180 OIARTZUN GUIPÚZCOA
Previous Seat Address:
POLIGONO INDUSTRIAL UGALDETXO ED OFICINAS MAMUT PLT
ELIZALDE 20180 OIARTZUN
GUIPÚZCOA
Characteristics of
the current address
Type of establishment: office
Owners: rented
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE ASTIGARRAGAKO BIDEA, 2 |
20180 |
OIARTZUN |
Guipúzcoa |
There are 1 former branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 7 members (latest change:
15/07/2010) Other Positions : 1 (latest change: 13/10/1998) Operative Board Members : 3 (latest change: 23/01/2007) Non-current positions : 11 (latest change: 15/07/2010) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
OZAMIZ ESTRADE, FRANCISCO JAVIER |
10/08/2009 |
|
MANAGING DIRECTOR |
OZAMIZ ESTRADE, JAVIER |
22/10/2004 |
|
MEMBER OF THE BOARD |
BASAGOITI ZAVALA, ALFONSO |
10/08/2009 |
|
MEMBER OF THE BOARD |
LOPEZ GONZALEZ MESONES, ALBERTO |
15/07/2010 |
|
|
|
|
There are 8 board members, directors and auditors registered
|
POSITION |
NAME AND SURNAME |
|
Manager |
LOPEZ GONZALEZ MESONES, ALBERTO |
|
Financial Manager |
LOPEZ GONZALEZ MESONES, ALBERTO |
|
Commercial Director |
ARRANZA JOSE, ANTONIO |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
LOPEZ GONZALEZ MESONES ALBERTO |
|
Major. |
OWN SOURCES |
16/06/2011 |
|
|
INVERSIONES ONDARGAIN SOCIEDAD LIMITADA. |
B48493720 |
Indef. |
OWN SOURCES |
03/03/2009 |
|
|
VELASCO BAQUEDANO JUAN IGNACIO |
|
Indef. |
OWN SOURCES |
03/03/2009 |
|
|
OZAMIZ ESTRADE JAVIER |
|
Indef. |
OWN SOURCES |
16/06/2011 |
There are 4 direct financial links through shareholders
registered
Company with rating inferior to 7
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ONDATEGUI 10 SA (EXTINGUIDA) |
A48420269 |
Indef. |
B.O.R.M.E. |
11/12/2001 |
Company with rating inferior to 7
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ASSET MANAGEMENT LIMITED |
CUBA |
Indef. |
EL PAIS |
17/10/1994 |
There are 1 direct financial links through participations
registered
POTENTIAL LINKS
Search Criterion: ”NUEVA COMPANIA DE INDIAS SA”
URL: es.kompass.com
Nueva Compañía De Indias, S.A. (País Vasco, Oiartzun) Nueva
Compañía De Indias, S.A. (País Vasco, Oiartzun)
URL: www.hotfrog.es
Nueva Compania De Indias Nueva Compania De Indias Oiartzun, perfil
corporativo y artículos de productos.
BUSINESS INFORMATION
Incorporation date: 11/01/1994
Establishment date: 01/01/1994
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Wholesale of other products
NACE 2009 CODE: 4690
NACE 2009 Activity: Non-specialised wholesale trade
Business: EXPORTACION E IMPORTACION DE BIENES Y SERVICIOS POR
CUENTA PROPIA O AJENA REALIZACION DE INFORMES DE ASESORAMIENTO MERCANTIL.
Activity description: Su actividad concreta es la venta de productos
de laboratorio
(Its specific activity is the sale of laboratory products.)
Latest employees figure: 4 (2011)
% of fixed employees: 100,00%
Employees
evolution
|
|
|
|
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
SAN SEBASTIAN |
|
|
BANCO DE SABADELL, S.A. |
|
|
SAN SEBASTIAN |
|
|
CAIXA D’ESTALVIS DE CATALUNYA,TARRAGONA I MANRESA |
|
|
SAN SEBASTIAN |
|
There are 3 bank entities registered
Brand name: NCI (Valid)
Type: JOINT Scope: NATIONAL Date: 16/11/1995
There are 1 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 11/01/1994
Register town: Guipúzcoa
Announcement number: 66892
Legal form: Joint-stock Company
Social Capital: 1.097.280,00 €
Paid-up capital: 1.097.280,00 €
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: 18 (Last: 15/07/2010, first:
09/03/1994)
Acts on capital: 6 (Last: 03/12/2009, first:
22/06/1994)
Acts on creation: 1 (Last: 09/03/1994)
Acts on filed accounts: 16 (Last: 08/07/2010, first:
17/01/1996)
Acts on identification: 1 (Last: 02/11/2007)
Acts on Information: 1 (Last: 04/05/2011)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Meeting notification |
04/05/2011 |
13145 |
|
|
Appointments |
15/07/2010 |
278726 |
Guipúzcoa |
|
Resignations |
15/07/2010 |
278726 |
Guipúzcoa |
|
Resignations |
23/04/2010 |
163455 |
Guipúzcoa |
|
Capital enlargement |
03/12/2009 |
505610 |
Guipúzcoa |
|
Re-elections |
10/08/2009 |
350458 |
Guipúzcoa |
|
Appointments |
10/08/2009 |
350458 |
Guipúzcoa |
|
Resignations |
10/08/2009 |
350458 |
Guipúzcoa |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
08/07/2010 |
229410 |
Guipúzcoa |
|
Annual Filed Accounts (2008) |
19/01/2010 |
40704 |
Guipúzcoa |
|
Annual Filed Accounts (2007) |
09/12/2008 |
1180603 |
Guipúzcoa |
There are 43 acts registered
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 1 (Last: 13/06/2007)
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 4 (Last: 28/12/2001, first:
17/10/1994)
Latest press
article published
13/06/2007 DEIA - LEGAL ANNOUNCEMENTS
EL CONSEJO DE ADMON. DE LA EMPRESA HA ACORDADO EL TRASLADO DEL DOMICILIO
SOCIAL A OIARTZUN (GUIPUZKOA), ASTIGARRAKO BIDEA, N. 2, TERCERA, OFIC. 18. EN
OIARTZUN, A 07/06/07.
28/12/2001 EXPANSIÓN - LEGAL ANNOUNCEMENTS
LA JUNTA ACORDO REDUCIR EL CAPITAL DE ESTA CIA. EN 801,59 EUROS, HASTA
UN IMPORTE DE 475.200 EUROS, CREANDO UNA RESERVA VOLUNTARIA DE CARACTER
INDISPONIBLE.
19/02/1996 EXPANSIÓN - GENERAL INFORMATION
HAVANA ASSET MANAGEMENT (HAM) HA LANZADO EL PRIMER FONDO DE INVERSION DE
CUBA, CON UN CAPITAL DE 40 MM. DE FRANCOS SUIZOS, UNOS 4.000 MM. DE PTAS. HAM,
EN LA QUE PARTICIPAN LAS FIRMAS INGLESAS BETA FUNDS Y NINE CASTLE Y ESTA CIA
PRESENTARA EL DIA 19 DEL CORRIENTE OFICIALMENTE EN LA HABANA ESTE INSTRUMENTO
FINANCIERO, QUE HA SIDO BAUTIZADO CON EL NOMBRE DE BETA GRAN CARIBE. LOS
RECURSOS DE ESTE FONDO SE DESTINARAN EXCLUSIVAMENTE A TOMAR PARTICIPACIONES EN
EMPRESAS Y EN PROYECTOS INDUSTRIALES DE CUBA. ESTA CIA. COMERCIALIZA PRODUCTOS
SIDEROMETALURGICOS Y AGROALIMENTARIOS EN CUBA CON VENTAS DE 400 MM. DE PTAS. Y
POSEE EL 29% DE HAVANA ASSET MANAGEMENT.
08/11/1994 EXPANSIÓN - BUSINESS STRATEGIES
ESTA CIA., CONTROLADA POR UN GRUPO DE EMPRESARIOS DEL PAIS VASCO, SE HA
ALIA DO CON LAS FIRMAS INGLESAS BETA FUND INTERNATIONAL Y NINE CASTLE OVERSEAS
CON EL FIN DE LANZAR EL PROXIMO AÑO EN CUBA UN FONDO DE INVERSION DE 6.300 MM.
DE PTAS. ESTOS RECURSOS SE DESTINARAN EXCLUSIVAMENTE A TOMAR PARTICIPACIONES EN
EMPRESAS Y EN PROYECTOS INDUSTRIALES Y DE INFRAESTRUTURAS DEL PAIS CARIBEÑO. EL
PRESIDENTE DE ESTA CIA., JAVIER OZAMIZ, ASEGURA QUE EL NUEVO INSTRUMENTO
FINANCIERO COTIZARA EN LA BOLSA DE LONDRES. CON EL FIN DE MATERIALIZAR EL
PROYECTO, ESTA CIA. HA CREADO CON LAS CIAS. BRITANICAS LA SDAD. GESTORA DE
FONDOS HAM.
17/10/1994 EL PAIS - GENERAL INFORMATION
EL GRUPO FINANCIERO BRITANICO BETA FUNDS INTERNATIONAL, JUNTO A
NINECASTLE OVERSEAS LIMITED Y ESTA SDAD. ACABAN DE CREAR EN LA HABANA LA
PRIMERA SDAD. GESTORA DE FONDOS DEDICADA EXCLUSIVAMENTE AL ESTUDIO Y REALIZACION
DE INVERSIONES EN CUBA. LA NUEVA ENTIDAD, LLAMADA HAVANA ASSET MANAGEMENT
LIMITED, PRETENDE FORMAR EN 1995 UN FONDO DE 50 MM. DE DOLARES, QUE SE
OBTENDRAN DE CIAS. DE SEGUROS, INVERSORES INSTITUCIONALES INTERNACIONALES,
FONDOS DE PENSIONES Y ADMINISTRADORES DE CAPITAL.
There are 5 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 25/08/2010.
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 |
266.406,03 |
7,59 |
250.432,59 |
7,02 |
242.122,17 |
9,71 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
239.991,32 |
6,84 |
227.721,63 |
6,38 |
220.015,72 |
8,82 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
22.106,45 |
0,89 |
|
V. Long Term Financial Investments |
26.414,71 |
0,75 |
22.710,96 |
0,64 |
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
3.243.319,34 |
92,41 |
3.317.452,73 |
92,98 |
2.252.207,49 |
90,29 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
276,20 |
0,01 |
73.759,05 |
2,07 |
176.059,05 |
7,06 |
|
III. Trade Debtors and other receivable accounts |
1.576.341,03 |
44,91 |
3.000.124,67 |
84,09 |
1.330.088,58 |
53,32 |
|
1. Clients |
1.575.359,93 |
44,89 |
2.996.336,12 |
83,98 |
|
|
|
b) Clients for sales and short term services
rendering |
1.575.359,93 |
44,89 |
2.996.336,12 |
83,98 |
|
|
|
3. Other debtors |
981,10 |
0,03 |
3.788,55 |
0,11 |
|
|
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
511.517,95 |
20,51 |
|
V. Short term financial investments |
1.163.054,72 |
33,14 |
19.899,73 |
0,56 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
503.647,39 |
14,35 |
223.669,28 |
6,27 |
234.541,91 |
9,40 |
|
TOTAL ASSETS (A + B) |
3.509.725,37 |
100,00 |
3.567.885,32 |
100,00 |
2.494.329,66 |
100,00 |
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 |
1.916.441,10 |
54,60 |
1.289.681,32 |
36,15 |
1.224.145,31 |
49,08 |
|
A-1) Equity |
1.916.441,10 |
54,60 |
1.289.681,32 |
36,15 |
1.224.145,31 |
49,08 |
|
I. Capital |
1.097.280,00 |
31,26 |
475.200,00 |
13,32 |
475.200,00 |
19,05 |
|
1. Authorized capital |
1.097.280,00 |
31,26 |
475.200,00 |
13,32 |
475.200,00 |
19,05 |
|
II. Issue premium |
57.697,16 |
1,64 |
57.697,16 |
1,62 |
57.697,16 |
2,31 |
|
III. Reserves |
756.784,16 |
21,56 |
691.248,15 |
19,37 |
628.464,48 |
25,20 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
4.679,78 |
0,13 |
65.536,01 |
1,84 |
62.783,67 |
2,52 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
20.658,17 |
0,59 |
|
|
|
|
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
20.658,17 |
0,59 |
|
|
|
|
|
3. Other long term debts |
20.658,17 |
0,59 |
|
|
|
|
|
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 |
1.572.626,10 |
44,81 |
2.278.204,00 |
63,85 |
1.270.184,35 |
50,92 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
7.947,12 |
0,23 |
282,10 |
0,01 |
|
|
|
3. Other short term debts |
7.947,12 |
0,23 |
282,10 |
0,01 |
|
|
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
1.564.678,98 |
44,58 |
2.277.921,90 |
63,85 |
|
|
|
1. Suppliers |
1.528.546,59 |
43,55 |
2.193.264,90 |
61,47 |
|
|
|
b) Short term suppliers |
1.528.546,59 |
43,55 |
2.193.264,90 |
61,47 |
|
|
|
2. Other creditors |
36.132,39 |
1,03 |
84.657,00 |
2,37 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
3.509.725,37 |
100,00 |
3.567.885,32 |
100,00 |
2.494.329,66 |
100,00 |
Alerts associated to the conversion to PGC2007
The Valuation norms applicable
to “Short Term Creditors” have changed and, for this reason, the conversion of
financial statements of the formulation exercise of the accounts to PGC2007
could include notable inaccuracies.
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 |
|
1. Net Turnover |
2.618.096,64 |
99,92 |
5.027.273,00 |
99,85 |
4.534.464,00 |
99,65 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-1.726.814,17 |
-65,91 |
-3.998.543,37 |
-79,41 |
-3.478.319,66 |
-76,44 |
|
5. Other operating income |
2.028,46 |
0,08 |
7.782,29 |
0,15 |
16.108,62 |
0,35 |
|
6. Labour cost |
-384.030,96 |
-14,66 |
-397.572,15 |
-7,90 |
-350.553,22 |
-7,70 |
|
7. Other operating costs |
-418.108,19 |
-15,96 |
-499.759,00 |
-9,93 |
-631.853,86 |
-13,89 |
|
8. Amortization of fixed assets |
-33.370,26 |
-1,27 |
-26.119,08 |
-0,52 |
-12.568,10 |
-0,28 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
747,67 |
0,03 |
|
|
603,87 |
0,01 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
22.546,83 |
0,86 |
10.871,71 |
0,22 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
81.096,02 |
3,10 |
123.933,40 |
2,46 |
77.881,65 |
1,71 |
|
14. Financial income |
3.332,67 |
0,13 |
34.059,66 |
0,68 |
80.989,41 |
1,78 |
|
b) Other financial income |
3.332,67 |
0,13 |
34.059,66 |
0,68 |
80.989,41 |
1,78 |
|
15. Financial expenses |
-67.477,49 |
-2,58 |
-81.046,89 |
-1,61 |
-60.362,44 |
-1,33 |
|
16. Reasonable value variation on financial instruments |
|
|
-0,08 |
0,00 |
|
|
|
17. Exchange differences |
-6.757,86 |
-0,26 |
-6.000,41 |
-0,12 |
-25.304,31 |
-0,56 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-70.902,68 |
-2,71 |
-52.987,72 |
-1,05 |
-4.677,34 |
-0,10 |
|
C) RESULT BEFORE TAXES (A + B) |
10.193,34 |
0,39 |
70.945,68 |
1,41 |
73.204,31 |
1,61 |
|
20. Taxes on profits |
-5.513,56 |
-0,21 |
-5.409,67 |
-0,11 |
-10.420,64 |
-0,23 |
|
D) EXERCISE RESULT (C + 20) |
4.679,78 |
0,18 |
65.536,01 |
1,30 |
62.783,67 |
1,38 |
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.
NET WORTH CHANGES
STATUS
Status of
recognized income and expenses
For the financial statements presented under the SME’s model (PYMES),
the ‘Net Worth Changes Status’ is formed by a single table. For the rest of the
cases there would be shown the two tables corresponding to the mentioned status
with the exception of the company not having operations reflected in the
‘Status of recognized income and expenses’ and that, for this reason, it has no
data.
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 1 /2) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
475.200,00 |
57.697,16 |
628.464,48 |
62.783,67 |
|
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) |
475.200,00 |
57.697,16 |
628.464,48 |
62.783,67 |
|
I. Total recognized income and expenses |
|
|
|
65.536,01 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
62.783,67 |
-62.783,67 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
475.200,00 |
57.697,16 |
691.248,15 |
65.536,01 |
|
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) |
475.200,00 |
57.697,16 |
691.248,15 |
65.536,01 |
|
I. Total recognized income and expenses |
|
|
|
4.679,78 |
|
II. Operations with partners or owners |
622.080,00 |
|
|
|
|
1. Capital Increases |
622.080,00 |
|
|
|
|
III. Other net worth variations |
|
|
65.536,01 |
-65.536,01 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.097.280,00 |
57.697,16 |
756.784,16 |
4.679,78 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
1.224.145,31 |
|
||
|
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) |
1.224.145,31 |
|
||
|
I. Total recognized income and expenses |
65.536,01 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.289.681,32 |
|
||
|
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) |
1.289.681,32 |
|
||
|
I. Total recognized income and expenses |
4.679,78 |
|
||
|
II. Operations with partners or owners |
622.080,00 |
|
||
|
1. Capital Increases |
622.080,00 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.916.441,10 |
|
||
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
1.670.693,24 |
60,76 |
1.039.248,73 |
5,83 |
982.023,14 |
|
Working capital ratio |
0,48 |
65,52 |
0,29 |
-25,64 |
0,39 |
|
Soundness Ratio |
7,19 |
39,61 |
5,15 |
1,78 |
5,06 |
|
Average Collection Period (days) |
217 |
0,84 |
215 |
103,75 |
105 |
|
Average Payment Period (days) |
262 |
44,07 |
182 |
|
|
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
206,24 |
41,63 |
145,62 |
-17,87 |
177,31 |
|
Quick Ratio (%) |
105,98 |
891,39 |
10,69 |
-42,12 |
18,46 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
0,82 |
8.100,00 |
0,01 |
|
|
|
External Financing Average Cost |
2,36 |
-99,18 |
287,30 |
|
|
|
Debt Service Coverage |
0,75 |
|
0,00 |
|
|
|
Interest Coverage |
1,20 |
-21,57 |
1,53 |
18,60 |
1,29 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
1,45 |
-20,33 |
1,82 |
9,64 |
1,66 |
|
Auto financing generated by Assets (%) |
1,08 |
-57,98 |
2,57 |
-14,90 |
3,02 |
|
Breakdown Point |
1,03 |
0,98 |
1,02 |
0,00 |
1,02 |
|
Average Sales Volume per Employee |
206.800,68 |
-48,50 |
401.539,38 |
-55,72 |
906.892,80 |
|
Average Cost per Employee |
30.334,20 |
-4,47 |
31.754,96 |
-54,71 |
70.110,64 |
|
Assets Turnover |
0,75 |
-46,81 |
1,41 |
-22,53 |
1,82 |
|
Inventory Turnover (days) |
0 |
-100,00 |
6 |
-64,71 |
18 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,31 |
-33,43 |
3,47 |
11,22 |
3,12 |
|
Operating Profitability (%) |
3,28 |
-22,09 |
4,21 |
15,34 |
3,65 |
|
Return on Equity (ROE) (%) |
0,53 |
-90,36 |
5,50 |
-8,03 |
5,98 |
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 |
7,59 |
31,54 |
-23,95 |
|
A) CURRENT ASSETS |
92,41 |
68,46 |
23,95 |
|
LIABILITIES |
|||
|
A) NET WORTH |
54,60 |
38,55 |
16,05 |
|
B) NON CURRENT LIABILITIES |
0,59 |
14,55 |
-13,96 |
|
C) CURRENT LIABILITIES |
44,81 |
46,90 |
-2,09 |
|
|
|
|
|
Analytical Account
of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,92 |
98,57 |
1,35 |
|
Other operating income |
0,08 |
1,43 |
-1,35 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-65,91 |
-64,36 |
-1,55 |
|
Variation in stocks of finished goods and work in progress |
|
0,00 |
|
|
GROSS MARGIN |
34,09 |
35,64 |
-1,55 |
|
Other operating costs |
-15,96 |
-14,03 |
-1,93 |
|
Labour cost |
-14,66 |
-15,35 |
0,69 |
|
GROSS OPERATING RESULT |
3,48 |
6,26 |
-2,78 |
|
Amortization of fixed assets |
-1,27 |
-1,68 |
0,41 |
|
Deterioration and result for fixed assets disposal |
0,03 |
0,35 |
-0,32 |
|
Other expenses / income |
0,86 |
|
|
|
NET OPERATING RESULT |
3,10 |
4,93 |
-1,83 |
|
Financial result |
-2,71 |
-1,03 |
-1,68 |
|
RESULT BEFORE TAX |
0,39 |
3,89 |
-3,50 |
|
Taxes on profits |
-0,21 |
-0,98 |
0,77 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,18 |
|
|
|
NET RESULT |
0,18 |
2,91 |
-2,73 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
1.670.693,24 |
14.673,54 |
74.695,36 |
211.328,29 |
|
Working capital ratio |
0,48 |
0,06 |
0,20 |
0,40 |
|
Soundness Ratio |
7,19 |
0,71 |
1,74 |
5,11 |
|
Average Collection Period (days) |
217 |
40 |
77 |
122 |
|
Average Payment Period (days) |
262 |
0 |
0 |
0 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
206,24 |
1,08 |
1,36 |
2,01 |
|
Quick Ratio (%) |
105,98 |
0,04 |
0,17 |
0,49 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
0,82 |
0,00 |
0,00 |
0,00 |
|
External Financing Average Cost |
2,36 |
0,02 |
0,07 |
0,15 |
|
Debt Service Coverage |
0,75 |
0,00 |
0,00 |
0,00 |
|
Interest Coverage |
1,20 |
1,15 |
2,68 |
10,48 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
1,45 |
1,60 |
3,34 |
6,39 |
|
Auto financing generated by Assets (%) |
1,08 |
2,28 |
4,86 |
9,05 |
|
Breakdown Point |
1,03 |
1,01 |
1,03 |
1,07 |
|
Average Sales Volume per Employee |
206.800,68 |
95.794,82 |
149.559,15 |
238.759,02 |
|
Average Cost per Employee |
30.334,20 |
17.147,66 |
22.815,85 |
29.974,16 |
|
Assets Turnover |
0,75 |
0,96 |
1,48 |
2,08 |
|
Inventory Turnover (days) |
0 |
24 |
77 |
183 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,31 |
1,74 |
4,74 |
9,08 |
|
Operating Profitability (%) |
3,28 |
3,63 |
7,29 |
12,64 |
|
Return on Equity (ROE) (%) |
0,53 |
3,65 |
12,39 |
27,19 |
ADDITIONAL INFORMATION
Consulted Sources
Central Trade Register
Chamber of Commerce / Camerdata
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
Telephone directory: PÁGINAS AMARILLAS
Telephone directory: PÁGINAS BLANCAS
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.90 |
|
UK Pound |
1 |
Rs.72.54 |
|
Euro |
1 |
Rs.63.39 |
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.