MIRA INFORM REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SISTEMAS DE EMBALAJE ANPER SA |
|
|
|
|
Registered Office : |
Calle Oficis (Pg Ind Mossotes), 13 -15, 08850 Gava Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of containers of paper & paperboard, & other
related art. |
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 : |
94.203,00 € |
|
Status : |
Good |
|
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
SISTEMAS DE EMBALAJE ANPER SA
TAX NUMBER: A61104113
Company situation: Active
EXECUTIVE
SUMMARY
Identification
Current Business Name: SISTEMAS DE EMBALAJE ANPER SA
Other names: YES
Current Address: CALLE OFICIS (PG IND MOSSOTES), 13
-15
Branches: 1
Telephone number: 936381200 Fax: 936380237
URL: www.anper.es , www.cintasdeseguridad.es
Corporate e-mail: info@anper.es
Trade Risk
Credit Appraisal: 94.203,00 €
Incidents: NO
R.A.I.: NO
Bank and business defaults of payment - ASNEF EMPRESAS: NO
Financial Information
Balance sheet latest sales (2009): 3.129.330,98 € (Trade Register)
Result: 68.569,98 €
Total Assets: 1.530.374,96 €
Social Capital: 60.101,21 €
Employees: 20
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 22/04/1996
Activity: Mfg. of containers of paper &
paperboard, & other related art.
NACE 2009 CODE: 1721
International Operations: It does not import nor export
Corporate
Structure
Administrator:
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: 21/09/2010 Annual Filed Accounts
Latest press article: No press articles registered for this
company
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000
€)
Favourable to 94.203,00 €
Financial
Situation
Exercise:2009
|
Treasury |
Excellent |
|
Indebtedness |
Slight |
|
Profitability |
Average |
|
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
13/06/2011 08:06:08
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 |
126.369,89 |
8,26 |
109.700,01 |
7,95 |
159.069,53 |
11,83 |
|
B) CURRENT ASSETS |
1.404.005,07 |
91,74 |
1.269.615,97 |
92,05 |
1.185.471,29 |
88,17 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
809.564,64 |
52,90 |
740.994,66 |
53,72 |
688.322,40 |
51,19 |
|
B) NON CURRENT LIABILITIES |
22.297,03 |
1,46 |
35.854,01 |
2,60 |
46.582,81 |
3,46 |
|
C) CURRENT LIABILITIES |
698.513,29 |
45,64 |
602.467,31 |
43,68 |
609.635,61 |
45,34 |
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 |
3.129.330,98 |
|
2.920.386,88 |
|
2.832.985,68 |
|
|
GROSS MARGIN |
1.097.915,81 |
35,08 |
993.666,55 |
34,03 |
914.075,47 |
32,27 |
|
EBITDA |
131.829,64 |
4,21 |
131.301,86 |
4,50 |
103.495,35 |
3,65 |
|
EBIT |
84.662,50 |
2,71 |
71.659,07 |
2,45 |
45.307,76 |
1,60 |
|
NET RESULT |
68.569,98 |
2,19 |
52.672,26 |
1,80 |
51.774,11 |
1,83 |
|
EFFECTIVE TAX RATE (%) |
20,00 |
|
25,00 |
|
25,00 |
|
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
||
|
A) NON CURRENT ASSETS |
8,26 |
47,83 |
-39,58 |
|
|
|
|
|
A) CURRENT ASSETS |
91,74 |
52,17 |
39,58 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
||
|
A) NET WORTH |
52,90 |
42,97 |
9,93 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
1,46 |
18,18 |
-16,73 |
|
|
|
|
|
C) CURRENT LIABILITIES |
45,64 |
38,84 |
6,80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
98,89 |
99,07 |
-0,18 |
|
|
|
|
|
GROSS MARGIN |
34,69 |
42,66 |
-7,96 |
|
|
|
|
|
EBITDA |
4,17 |
10,66 |
-6,50 |
|
|
|
|
|
EBIT |
2,68 |
5,61 |
-2,93 |
|
|
|
|
|
NET RESULT |
2,17 |
3,76 |
-1,59 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 1721
Number of companies: 77
Size (Sales Figure): 2,800,000.00 - 7,000,000.00 Euros
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results
Distribution
Source: annual financial report 2009
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
68.569,98 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
68.569,98 |
|
Total of Amounts to be distributed |
68.569,98 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
68.569,98 |
company ADDRESSES
Current Legal Seat Address:
CALLE OFICIS (PG IND MOSSOTES), 13 -15
08850 GAVA
BARCELONA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE CUNIT, 6 |
08850 |
GAVA |
Barcelona |
There are 1 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 2 members (latest change:
10/01/2007) Operative Board Members : 5 (latest change: 25/03/2010) Non-current positions : 1 (latest change: 10/01/2007) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
ADMINISTRATOR |
LORENTE GARGALLO, ASCENSION |
10/01/2007 |
|
ADMINISTRATOR |
PEREZ LASHERAS, ANTONIO MANUEL |
10/01/2007 |
|
|
|
|
There are 2 board members, directors and auditors registered
|
POSITION |
NAME AND SURNAME |
|
General Manager |
PEREZ LASHERAS, ANTONIO MANUEL |
|
Financial Manager |
LORENTE GARGALLO, ASCENSION |
|
Human Resources Director |
LORENTE GARGALLO, ASCENSION |
|
Commercial Director |
PEREZ, INAKI |
|
Quality Director |
PEREZ, JAVIER |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PEREZ LASHERAS ANTONIO MANUEL |
|
50,00 |
OWN SOURCES |
02/02/2011 |
|
|
LORENTE GARGALLO ASCENSION |
|
50,00 |
OWN SOURCES |
02/02/2011 |
There are 2 direct financial links through shareholders
registered
BUSINESS INFORMATION
Incorporation date: 22/04/1996
Activity: Mfg. of containers of paper & paperboard, &
other related art.
NACE 2009 CODE: 1721
NACE 2009 Activity: Manufacture of corrugated paper and
paperboard and of containers of paper and paperboard
Business: LA IMPORTACION, COMPRA Y COMERCIALIZACION DE
SISTEMAS DE EMBALAJE.
Activity description: Fabricación y venta de sistemas de embalaje
mediante la manipulación e impresión de todo tipo de cintas autoadhesivas, así
como venta de Precinto neutro, Papel kraft ecológico, Strapping, Láminas
autoadhesivas, Film estirable, etc.
(Manufacture and sale of packaging systems by manipulating and printing all kinds of adhesive tapes and selling Precinct neutral ecological Kraft, Strapping, foil, stretch film, and so on.)
Latest employees figure: 20 (2011)
% of fixed employees: 85,00%
% of temporary employees: 15,00%
Employees
evolution
|
|
|
|
COMMERCIAL OPERATIONS
PURCHASES
National Distribution: 100%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
MANULI |
YES |
There are 1 Suppliers
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO POPULAR ESPAÑOL, S.A. |
0851 |
CTRA. STA. CREU CALAFELL,36 |
GAVA |
Barcelona |
|
BANCO DE SABADELL, S.A. |
0008 |
RB VAYREDA 000051 |
GAVA |
Barcelona |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
GAVA |
|
There are 3 bank entities registered
Brand name: CLICKEMBALAJE.COM NECESIDADES DE EMBALAJE A UN
CLICK DE DISTANCIA (Valid)
Type: JOINT Scope: NATIONAL Date: 21/01/2011
There are 1 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 22/04/1996
Register town: Barcelona
Announcement number: 174187
Legal form: Joint-stock Company
Social Capital: 60.101,21 €
Paid-up capital: 60.101,21 €
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: 5 (Last: 10/01/2007, first: 31/05/1996)
· Acts on capital: 0
· Acts on creation: 1 (Last: 31/05/1996)
· Acts on filed accounts: 14 (Last: 21/09/2010, first: 09/10/1997)
· Acts on identification: 0
· Acts on Information: 0
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Appointments |
10/01/2007 |
16129 |
Barcelona |
|
Resignations |
10/01/2007 |
16129 |
Barcelona |
|
Appointments |
01/08/2001 |
302915 |
Barcelona |
|
Resignations |
01/08/2001 |
302915 |
Barcelona |
|
Appointments |
31/05/1996 |
174187 |
Barcelona |
|
Constitution |
31/05/1996 |
174187 |
Barcelona |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
21/09/2010 |
619215 |
Barcelona |
|
Annual Filed Accounts (2008) |
27/08/2009 |
273974 |
Barcelona |
|
Annual Filed Accounts (2007) |
25/08/2008 |
312299 |
Barcelona |
There are 20 acts registered
Press
articles
No press articles registered for this company
FINANCIAL INFORMATION
The information on the last account contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 29/09/2010.
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 |
126.369,89 |
8,26 |
109.700,01 |
7,95 |
159.069,53 |
11,83 |
|
I. Intangible assets |
|
|
|
|
45.727,93 |
3,40 |
|
II. Tangible fixed assets |
126.369,89 |
8,26 |
109.700,01 |
7,95 |
113.341,60 |
8,43 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
|
|
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.404.005,07 |
91,74 |
1.269.615,97 |
92,05 |
1.185.471,29 |
88,17 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
136.114,75 |
8,89 |
134.402,05 |
9,74 |
154.377,87 |
11,48 |
|
III. Trade Debtors and other receivable
accounts |
962.459,39 |
62,89 |
732.827,53 |
53,13 |
764.632,97 |
56,87 |
|
1. Clients |
947.309,39 |
61,90 |
717.827,53 |
52,04 |
|
|
|
b) Clients for sales and
short term services rendering |
947.309,39 |
61,90 |
717.827,53 |
52,04 |
|
|
|
3. Other debtors |
15.150,00 |
0,99 |
15.000,00 |
1,09 |
|
|
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
1.000,00 |
0,07 |
101.000,00 |
7,32 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
304.430,93 |
19,89 |
301.386,39 |
21,85 |
266.460,45 |
19,82 |
|
TOTAL ASSETS (A + B) |
1.530.374,96 |
100,00 |
1.379.315,98 |
100,00 |
1.344.540,82 |
100,00 |
Alerts associated to the conversion to PGC2007
In the conversion process it has not
been possible to identify the existence of Goodwill nor of goods obtained
through leasing; for this reason the result of the conversion of the financial statements
of the accounts formulation exercise to PGC2007 could include notable
inaccuracies.
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 |
809.564,64 |
52,90 |
740.994,66 |
53,72 |
688.322,40 |
51,19 |
|
A-1) Equity |
809.564,64 |
52,90 |
740.994,66 |
53,72 |
688.322,40 |
51,19 |
|
I. Capital |
60.101,21 |
3,93 |
60.101,21 |
4,36 |
60.101,21 |
4,47 |
|
1. Authorized capital |
60.101,21 |
3,93 |
60.101,21 |
4,36 |
60.101,21 |
4,47 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
680.893,45 |
44,49 |
628.221,19 |
45,55 |
576.447,08 |
42,87 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
68.569,98 |
4,48 |
52.672,26 |
3,82 |
51.774,11 |
3,85 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and
subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
22.297,03 |
1,46 |
35.854,01 |
2,60 |
46.582,81 |
3,46 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
20.682,43 |
1,35 |
34.380,08 |
2,49 |
|
|
|
1. Debts with bank entities |
11.163,39 |
0,73 |
21.651,73 |
1,57 |
|
|
|
2. Financial leasing creditors |
9.519,04 |
0,62 |
12.728,35 |
0,92 |
|
|
|
III. Long term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
1.614,60 |
0,11 |
1.473,93 |
0,11 |
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
698.513,29 |
45,64 |
602.467,31 |
43,68 |
609.635,61 |
45,34 |
|
I. Liabilities related with non-current assets
maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
25.061,75 |
1,64 |
23.003,32 |
1,67 |
|
|
|
1. Debts with bank entities |
10.175,17 |
0,66 |
9.544,95 |
0,69 |
|
|
|
2. Financial leasing creditors |
14.886,58 |
0,97 |
13.458,37 |
0,98 |
|
|
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable
accounts |
673.451,54 |
44,01 |
579.463,99 |
42,01 |
|
|
|
1. Suppliers |
496.293,75 |
32,43 |
395.541,05 |
28,68 |
|
|
|
b) Short term suppliers |
496.293,75 |
32,43 |
395.541,05 |
28,68 |
|
|
|
2. Other creditors |
177.157,79 |
11,58 |
183.922,94 |
13,33 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
1.530.374,96 |
100,00 |
1.379.315,98 |
100,00 |
1.344.540,82 |
100,00 |
Alerts associated to the conversion to PGC2007
The Valuation norms applicable to “Long
Term Creditors” have changed substantially and, for this reason, the conversion
of financial statements of the formulation exercise of the accounts to PGC2007 could
include notable inaccuracies.
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 |
3.129.330,98 |
98,89 |
2.920.386,88 |
99,97 |
2.832.985,68 |
99,98 |
|
2. Variation in stocks of finished goods and work in progress |
1.712,70 |
0,05 |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-2.068.384,81 |
-65,36 |
-1.927.579,77 |
-65,98 |
-1.919.397,14 |
-67,74 |
|
5. Other operating income |
35.256,94 |
1,11 |
859,44 |
0,03 |
486,93 |
0,02 |
|
6. Labour cost |
-522.744,23 |
-16,52 |
-504.572,90 |
-17,27 |
-496.380,63 |
-17,52 |
|
7. Other operating costs |
-439.634,84 |
-13,89 |
-357.791,79 |
-12,25 |
-314.199,49 |
-11,09 |
|
8. Amortization of fixed assets |
-44.203,04 |
-1,40 |
-59.642,79 |
-2,04 |
-58.188,23 |
-2,05 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
-2.964,10 |
-0,09 |
|
|
0,64 |
0,00 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-3.707,10 |
-0,12 |
|
|
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
84.662,50 |
2,68 |
71.659,07 |
2,45 |
45.307,76 |
1,60 |
|
14. Financial income |
5.294,54 |
0,17 |
4.306,89 |
0,15 |
30.522,22 |
1,08 |
|
b) Other financial income |
5.294,54 |
0,17 |
4.306,89 |
0,15 |
30.522,22 |
1,08 |
|
15. Financial expenses |
-4.244,56 |
-0,13 |
-5.736,28 |
-0,20 |
-6.797,84 |
-0,24 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
|
|
|
|
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
1.049,98 |
0,03 |
-1.429,39 |
-0,05 |
23.724,38 |
0,84 |
|
C) RESULT BEFORE TAXES (A + B) |
85.712,48 |
2,71 |
70.229,68 |
2,40 |
69.032,14 |
2,44 |
|
20. Taxes on profits |
-17.142,50 |
-0,54 |
-17.557,42 |
-0,60 |
-17.258,03 |
-0,61 |
|
D) EXERCISE RESULT (C + 20) |
68.569,98 |
2,17 |
52.672,26 |
1,80 |
51.774,11 |
1,83 |
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 /1) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
|
|
|
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
|
|
|
|
|
I. Total recognized income and expenses |
|
|
52.672,26 |
52.672,26 |
|
II. Operations with partners or owners |
60.101,21 |
|
|
60.101,21 |
|
1. Capital Increases |
60.101,21 |
|
|
60.101,21 |
|
III. Other net worth variations |
|
628.221,19 |
|
628.221,19 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
60.101,21 |
628.221,19 |
52.672,26 |
740.994,66 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
60.101,21 |
628.221,19 |
52.672,26 |
740.994,66 |
|
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) |
60.101,21 |
628.221,19 |
52.672,26 |
740.994,66 |
|
I. Total recognized income and expenses |
|
|
68.569,98 |
68.569,98 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
52.672,26 |
-52.672,26 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
60.101,21 |
680.893,45 |
68.569,98 |
809.564,64 |
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
705.491,78 |
5,75 |
667.148,66 |
15,86 |
575.835,68 |
|
Working capital ratio |
0,46 |
-4,17 |
0,48 |
11,63 |
0,43 |
|
Soundness Ratio |
6,41 |
-5,18 |
6,76 |
56,12 |
4,33 |
|
Average Collection Period (days) |
111 |
22,71 |
90 |
-7,04 |
97 |
|
Average Payment Period (days) |
97 |
5,91 |
91 |
|
|
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
201,00 |
-4,62 |
210,74 |
8,37 |
194,46 |
|
Quick Ratio (%) |
43,73 |
-34,53 |
66,79 |
52,80 |
43,71 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
2,99 |
-28,12 |
4,16 |
|
|
|
External Financing Average Cost |
0,09 |
-10,00 |
0,10 |
|
|
|
Debt Service Coverage |
0,41 |
-19,61 |
0,51 |
|
|
|
Interest Coverage |
19,95 |
59,73 |
12,49 |
87,26 |
6,66 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
3,60 |
-6,49 |
3,85 |
-0,77 |
3,88 |
|
Auto financing generated by Assets (%) |
7,37 |
-9,46 |
8,14 |
-0,49 |
8,18 |
|
Breakdown Point |
1,03 |
0,98 |
1,02 |
0,00 |
1,02 |
|
Average Sales Volume per Employee |
158.447,14 |
4,17 |
152.103,48 |
7,38 |
141.649,28 |
|
Average Cost per Employee |
26.468,06 |
0,72 |
26.279,84 |
5,89 |
24.819,03 |
|
Assets Turnover |
2,04 |
-3,30 |
2,12 |
0,47 |
2,11 |
|
Inventory Turnover (days) |
24 |
-5,71 |
25 |
-12,50 |
29 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
5,53 |
6,35 |
5,20 |
54,30 |
3,37 |
|
Operating Profitability (%) |
8,23 |
-13,55 |
9,52 |
23,64 |
7,70 |
|
Return on Equity (ROE) (%) |
10,59 |
11,71 |
9,48 |
-5,48 |
10,03 |
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 |
8,26 |
47,83 |
-39,58 |
|
A) CURRENT ASSETS |
91,74 |
52,17 |
39,58 |
|
LIABILITIES |
|||
|
A) NET WORTH |
52,90 |
42,97 |
9,93 |
|
B) NON CURRENT LIABILITIES |
1,46 |
18,18 |
-16,73 |
|
C) CURRENT LIABILITIES |
45,64 |
38,84 |
6,80 |
|
|
|
|
|
Analytical Account
of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
98,89 |
99,07 |
-0,18 |
|
Other operating income |
1,11 |
0,93 |
0,18 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-65,36 |
-57,36 |
-8,01 |
|
Variation in stocks of finished goods and work in progress |
0,05 |
0,01 |
0,04 |
|
GROSS MARGIN |
34,69 |
42,66 |
-7,97 |
|
Other operating costs |
-13,89 |
-14,83 |
0,94 |
|
Labour cost |
-16,52 |
-18,30 |
1,78 |
|
GROSS OPERATING RESULT |
4,28 |
9,53 |
-5,25 |
|
Amortization of fixed assets |
-1,40 |
-4,88 |
3,48 |
|
Deterioration and result for fixed assets disposal |
-0,09 |
0,96 |
-1,05 |
|
Other expenses / income |
-0,12 |
|
|
|
NET OPERATING RESULT |
2,68 |
5,61 |
-2,93 |
|
Financial result |
0,03 |
-0,93 |
0,96 |
|
RESULT BEFORE TAX |
2,71 |
4,68 |
-1,97 |
|
Taxes on profits |
-0,54 |
-0,92 |
0,38 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
2,17 |
|
|
|
NET RESULT |
2,17 |
3,76 |
-1,59 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
705.491,78 |
-73.773,78 |
355.871,56 |
1.375.791,20 |
|
Working capital ratio |
0,46 |
-0,03 |
0,10 |
0,40 |
|
Soundness Ratio |
6,41 |
0,57 |
0,86 |
2,00 |
|
Average Collection Period (days) |
111 |
83 |
105 |
121 |
|
Average Payment Period (days) |
97 |
0 |
0 |
0 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
201,00 |
0,94 |
1,24 |
2,54 |
|
Quick Ratio (%) |
43,73 |
0,06 |
0,16 |
0,68 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
2,99 |
0,00 |
0,00 |
0,00 |
|
External Financing Average Cost |
0,09 |
0,06 |
0,07 |
0,22 |
|
Debt Service Coverage |
0,41 |
0,00 |
0,00 |
0,00 |
|
Interest Coverage |
19,95 |
1,20 |
2,36 |
7,04 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
3,60 |
4,18 |
6,69 |
10,88 |
|
Auto financing generated by Assets (%) |
7,37 |
5,37 |
8,94 |
13,31 |
|
Breakdown Point |
1,03 |
1,02 |
1,04 |
1,07 |
|
Average Sales Volume per Employee |
158.447,14 |
125.248,97 |
164.414,07 |
210.189,44 |
|
Average Cost per Employee |
26.468,06 |
24.888,36 |
29.950,97 |
34.125,66 |
|
Assets Turnover |
2,04 |
0,97 |
1,26 |
1,42 |
|
Inventory Turnover (days) |
24 |
18 |
36 |
68 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
5,53 |
2,52 |
5,62 |
8,05 |
|
Operating Profitability (%) |
8,23 |
6,89 |
10,90 |
15,11 |
|
Return on Equity (ROE) (%) |
10,59 |
3,74 |
10,79 |
17,75 |
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.