MIRA INFORM
REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
AUTOADHESIVOS COHAL SA |
|
|
|
|
Registered Office : |
Calle Mirlos (El Cascaja), 1 28320 Pinto Madrid |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
30.01.1980 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of stationary printed
article and stationery |
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 : |
114.468,00 € |
|
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
AUTOADHESIVOS COHAL SA
TAX NUMBER: A28616068
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: AUTOADHESIVOS COHAL SA
Other names: NO
Current Address: CALLE MIRLOS (EL
CASCAJA), 1
Branches: 1
Telephone number: 916928840 Fax: 916924818
URL: www.cohal.com
Corporate e-mail: cohal@cohal.com
Trade Risk
Credit Appraisal: 114.468,00 €
Incidents: YES
R.A.I.: NO
Bank and business defaults of payment - ASNEF EMPRESAS: NO
Financial Information
Balance sheet latest sales (2009): 5.776.861,30 € (Trade Register)
Result: -106.707,43 €
Total Assets: 4.064.321,74 €
Social Capital: 94.689,00 €
Employees: 30
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 30/01/1980
Activity: Wholesale of other products
NACE 2009 CODE: 4690
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: 16/06/2011 Re-elections
Latest press article: 24/11/2005 EXPANSIÓN (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 27/01/2011
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000
€)
Favourable to 114.468,00 €
Financial Situation
Exercise:2009
|
Treasury |
Excellent |
|
Indebtedness |
Average |
|
Profitability |
Unfavourable |
|
Balance |
Excellent |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: 1 ( Last:30/08/2007 )
|
|
|
|
|
With the Social Security: |
0 |
|
|
With the Tax Authorities: |
0 |
|
|
With Other Official bodies: |
1 |
|
AFFECTED BY: No significant element.
Latest
Administrative Claims
Figures expressed in €
WITH OTHER OFFICIAL BODIES.
Notifications
|
DATE |
ORGANIZATION |
AMOUNT |
|
30/08/2007 |
COUNSELLING FOMENTO - SERVICIO TERRITORIAL DE SEGOVIA |
1.001,00 |
There are 1 administrative claims with Other Official bodies
registered
Detail of the
Latest Administrative Claims
Figures expressed in €
Notifications
WITH OTHER OFFICIAL BODIES.
Phase: DEBTS WITH OFFICIAL BODIES
Organization: COUNSELLING FOMENTO - SERVICIO TERRITORIAL DE
SEGOVIA
Concept: Sanction
Date of the claim: 30/08/2007
Source: Published in the CASTILLA LEON Gazette, on 14/09/2007, page 17.886
Amount: 1.001
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 09:06:17
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 |
474.808,67 |
11,68 |
578.581,65 |
13,96 |
577.354,17 |
12,60 |
|
B) CURRENT ASSETS |
3.589.513,07 |
88,32 |
3.566.794,02 |
86,04 |
4.003.696,94 |
87,40 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
1.386.426,61 |
34,11 |
1.493.134,04 |
36,02 |
1.401.892,96 |
30,60 |
|
B) NON CURRENT LIABILITIES |
272.618,46 |
6,71 |
166.341,85 |
4,01 |
187.234,52 |
4,09 |
|
C) CURRENT LIABILITIES |
2.405.276,67 |
59,18 |
2.485.899,78 |
59,97 |
2.991.923,63 |
65,31 |
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 |
5.776.861,30 |
|
7.032.443,66 |
|
6.973.734,30 |
|
|
GROSS MARGIN |
2.015.695,01 |
34,89 |
2.247.415,79 |
31,96 |
2.272.354,32 |
32,58 |
|
EBITDA |
158.329,59 |
2,74 |
273.552,19 |
3,89 |
391.244,19 |
5,61 |
|
EBIT |
36.819,15 |
0,64 |
157.240,12 |
2,24 |
209.866,00 |
3,01 |
|
NET RESULT |
-106.707,43 |
-1,85 |
73.564,00 |
1,05 |
102.448,68 |
1,47 |
|
EFFECTIVE TAX RATE (%) |
177,20 |
|
25,00 |
|
25,64 |
|
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
||
|
A) NON CURRENT ASSETS |
11,68 |
27,05 |
-15,37 |
|
|
|
|
|
A) CURRENT ASSETS |
88,32 |
72,95 |
15,37 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
||
|
A) NET WORTH |
34,11 |
36,64 |
-2,53 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
6,71 |
11,28 |
-4,58 |
|
|
|
|
|
C) CURRENT LIABILITIES |
59,18 |
52,08 |
7,10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
98,88 |
98,34 |
0,54 |
|
|
|
|
|
GROSS MARGIN |
34,50 |
31,42 |
3,08 |
|
|
|
|
|
EBITDA |
2,71 |
6,90 |
-4,19 |
|
|
|
|
|
EBIT |
0,63 |
5,27 |
-4,64 |
|
|
|
|
|
NET RESULT |
-1,83 |
3,19 |
-5,01 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 469
Number of companies: 635
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 |
-106.707,43 |
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 |
0,00 |
|
Total of Amounts to be distributed |
-106.707,43 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
-106.707,43 |
|
|
|
Application total |
-106.707,43 |
Auditing
Source: filing of annual financial statement 2009
Auditors’ opinion: FAVOURABLE
Auditor: RODRIGUEZ ZAMBRANO VICTOR MANUEL
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 MIRLOS (EL CASCAJA), 1
28320 PINTO MADRID
Previous Seat Address:
CALLE LAUREL 21
28005 MADRID
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE SATURNO, 25 |
47009 |
VALLADOLID |
Valladolid |
There are 1 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 7 members (latest change:
04/07/2006) Other Positions : 3 (latest change: 27/05/2005) Auditor : 1 (latest change: 29/07/2009) Operative Board Members : 3 (latest change: 22/01/2009) Non-current positions : 6 (latest change: 29/07/2009) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
ALMIRALL SOTERAS, JOSE |
04/07/2006 |
|
MANAGING DIRECTOR |
ALMIRALL GARBAYO, JAIME |
04/07/2006 |
|
MANAGING DIRECTOR |
ALMIRALL GARBAYO, JOSE |
04/07/2006 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
RODRIGUEZ ZAMBRANO, VICTOR MANUEL |
29/07/2009 |
There are 11 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2009
Board
members remuneration: 149.557,58 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
ALMIRALL SOTERAS, JOSE |
|
Financial Manager |
CALVO, LUIS |
|
Commercial Director |
ALMIRALL GARBAYO, JOSE |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ALMIRALL SOTERAS JOSE |
|
50,00 |
OWN SOURCES |
27/01/2011 |
|
|
ALMIRALL GARBAYO JOSE |
|
50,00 |
OWN SOURCES |
27/01/2011 |
There are 2 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
LOPEZ LUCAS MARIA |
|
33,33 |
OWN SOURCES |
19/01/2010 |
|
|
ALMIRALL SOTERAS ALBERTO |
|
33,33 |
OWN SOURCES |
19/01/2010 |
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”JOSE ALMIRALL SOTERAS”
|
COMPANY |
POSITION |
PROVINCE |
|
SOPAHAL S.L. |
Presidente |
MADRID |
|
JIMCAR SA |
Consejero |
BARCELONA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”AUTOADHESIVOS COHAL SA”
URL: www.cohal.com
Cohal - Adhesivos, etiquetas y embalajes COHAL, S.A.
fue fundada en el ańo 1.969 para dar respuesta en la zona centro, a las crecientes
necesidades que fueron surgiendo en el sector del embalaje y ...
URL: www.buscoempresas.es
Autoadhesivos cohal, s.a. · BuscoEmpresas.es
Autoadhesivos cohal, s.a.Cintas y etiquetas autoadhesivas. ... Localiza opiniones,
reviews y contacta con Autoadhesivos cohal, s.a. entre otras ...
URL: www.logismarket.es
Autoadhesivos Cohal, S.A. Solicite información y presupuesto a
Autoadhesivos Cohal, S.A.. Embalaje. Dedicada a la fabricación y distribución
de cintas, etiquetas adhesivas y ...
URL: www.hellopro.es
Autoadhesivos Cohal, S.A. - hellopro Autoadhesivos Cohal, S.A. - hellopro.
... Autoadhesivos Cohal, S.A.. Dirección : Pol. El CascajalC/ Mirlos, 1 28320 -
Pinto Espagne Tél. : 916928840 ...
URL: www.info-empresas.net
COHAL nombre: AUTOADHESIVOS COHAL, S.A.. actividad: Mayorista de
articulos de papeleria y objetos de ... Acceda GRATIS al informe de
AUTOADHESIVOS COHAL, S.A. >> ...
BUSINESS INFORMATION
Incorporation date: 30/01/1980
Establishment date: 01/01/1967
Founder’s Name: Alberto Almirall Soteras, aportado a la titular en
la fecha de su constitución
Activity: Wholesale of other products
NACE 2009 CODE: 4690
NACE 2009 Activity: Non-specialised wholesale trade
Business: VENTA AL MAYOR DE ARICULOS DE PAPELERIA Y OBJETOS
DE ESCRITORIO
(Wholesale of stationary printed article and stationery)
Latest employees figure: 30 (2011)
% of fixed employees: 90,00%
% of temporary employees: 10,00%
Employees
evolution
|
|
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 60%
Imports from: Italia, Francia
SALES
Cash collections: 40%
Credit collections: 60%
National Distribution: 100%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
PINTO |
|
|
BANCO SANTANDER, S.A. |
|
|
MADRID |
|
|
BANCO POPULAR ESPAŃOL, S.A. |
0048 |
PS. PERE III 12 |
MANRESA |
Barcelona |
There are 3 bank entities registered
LEGAL STRUCTURE
Constitution Data
Register Date: 30/01/1980
Legal form: Joint-stock Company
Social Capital: 94.689,00 €
Paid-up capital: 94.689,00 €
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: 16/06/2011, first: 13/09/1990)
· Acts on capital: 1 (Last: 01/02/2006)
· Acts on creation: 0
· Acts on filed accounts: 20 (Last: 25/10/2010, first: 29/08/1990)
· Acts on identification: 1 (Last: 13/11/2002)
· Acts on Information: 3 (Last: 07/12/2001, first: 19/05/1993)
· Acts on proceedings: 2 (Last: 01/02/2006, first: 05/12/2005)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Re-elections |
16/06/2011 |
258343 |
Madrid |
|
Re-elections |
29/07/2009 |
335303 |
Madrid |
|
Re-elections |
04/07/2006 |
346143 |
Madrid |
|
Appointments |
04/07/2006 |
346143 |
Madrid |
|
Resignations |
04/07/2006 |
346143 |
Madrid |
|
Partial Split |
01/02/2006 |
53946 |
Madrid |
|
Capital reduction |
01/02/2006 |
53946 |
Madrid |
|
Partial split project filing |
05/12/2005 |
1008784 |
Madrid |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
25/10/2010 |
890294 |
Madrid |
|
Annual Filed Accounts (2008) |
07/08/2009 |
193535 |
Madrid |
|
Annual Filed Accounts (2007) |
18/11/2008 |
1102212 |
Madrid |
There are 45 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: 2 (Last: 24/11/2005, first: 01/10/2002)
Latest press
article published
24/11/2005 EXPANSIÓN - LEGAL ANNOUNCEMENTS
LA JUNTA GENERAL DE AUTOADHESIVOS COHAL, S.A. (SDAD. PARCIALMENTE
ESCINDIDA), CELEBRADA EL 24/10/05, ACORDO LA ESCISION PARCIAL DE LA SDAD., CON
SEGREGACION DE PARTE DE SU PATRIMONIO Y TRASPASO DEL MISMO A LA SDAD. SOPAHAL,
S.L. (SDAD. BENEFICIARIA DE NUEVA CREACION).
01/10/2002 EXPANSIÓN - LEGAL ANNOUNCEMENTS
EN JUNTA GRAL. EXTRAORDINARIA CELEBRADA EL 02/09/02 SE ACORDO TRASLADAR
EL DOMICILIO SOCIAL A LA CALLE MIRLOS, 1, POLIGONO INDUSTRIAL EL CASCAJAL, DE
PINTO, EN MADRID.
There are 2 press articles registered for this company
Complementary
Information
Financial Information
El balance cerrado a 31/12/2009 (Deposito 2009) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
Current situation
Según BORME (SECCION SEGUNDA) del 22/11/05 la sociedad está en proceso
de escisión parcial siendo beneficia SOPAHAL SL (de nueva creación).
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 30/11/2010.
The shaded amounts in the following financial statements have been converted to the norms established in the PGC2007 derived from RD 1514/2007 and 1515/2007, this way comparatives could be shown with the amounts of exercises initiated from 1/01/08.
This theoretical conversion exercise has been carried out from the financial statements contained in the accounting information presented on the Trade Register, and elaborated under the accounting norms and principles collected in PGC90 derived from RD 1643/1990, not taking into account any other type of information; for this reason the conversion exercise could include certain inaccuracies.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
474.808,67 |
11,68 |
578.581,65 |
13,96 |
577.354,17 |
12,60 |
|
I. Intangible assets |
|
|
|
|
479.911,20 |
10,48 |
|
II. Tangible fixed assets |
470.949,37 |
11,59 |
574.207,63 |
13,85 |
92.446,03 |
2,02 |
|
2. Technical fittings and other tangible assets |
470.949,37 |
11,59 |
574.207,63 |
13,85 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
3.859,30 |
0,09 |
4.374,02 |
0,11 |
4.996,94 |
0,11 |
|
5. Other financial assets |
|
|
|
|
4.996,94 |
0,11 |
|
6. Other investments |
3.859,30 |
0,09 |
4.374,02 |
0,11 |
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
3.589.513,07 |
88,32 |
3.566.794,02 |
86,04 |
4.003.696,94 |
87,40 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
633.728,76 |
15,59 |
699.715,22 |
16,88 |
705.729,01 |
15,41 |
|
1. Goods available for sale |
633.728,76 |
15,59 |
699.715,22 |
16,88 |
|
|
|
III. Trade Debtors and other receivable accounts |
2.860.662,28 |
70,38 |
2.802.134,75 |
67,60 |
3.103.830,13 |
67,75 |
|
1. Clients |
2.048.876,55 |
50,41 |
2.026.956,57 |
48,90 |
2.175.633,11 |
47,49 |
|
b) Clients for sales and short term services
rendering |
2.048.876,55 |
50,41 |
2.026.956,57 |
48,90 |
|
|
|
3. Other debts |
811.785,73 |
19,97 |
775.178,18 |
18,70 |
809.170,85 |
17,66 |
|
4. Staff |
|
|
|
|
4.426,58 |
0,10 |
|
6. Other credits with the Public Administrations |
|
|
|
|
114.599,59 |
2,50 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
7.847,00 |
0,19 |
100,00 |
0,00 |
|
VII. Cash and equivalents |
95.122,03 |
2,34 |
57.097,05 |
1,38 |
194.037,80 |
4,24 |
|
1. Treasury |
95.122,03 |
2,34 |
57.097,05 |
1,38 |
194.037,80 |
4,24 |
|
TOTAL ASSETS (A + B) |
4.064.321,74 |
100,00 |
4.145.375,67 |
100,00 |
4.581.051,11 |
100,00 |
Alerts associated to the conversion to PGC2007
In the conversion process the amount of
goods obtained through leasing, that under PGC90 reaches %1 of the expenses,
has been maintained in the item “Intangible Assets”, as it is not possible to
estimate in a precise way its accumulated amortization, as, according to they
nature, they should be registered in the Tangible Assets.
In the conversion process there has
been estimated that the total item 143070 “Provisions on debtors” according to
PGC90, for %1, is associated to “Clients for sales and services rendering”.
In the conversion process there has
been estimated that the total debit balance with the Public Administrations in
the Financial Statements of the previous exercise corresponds to the balances
collected in the item “Other credits with the Public Administrations” under
PGC2007.
Net Worth and
Liabilities
Figures given in €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NET WORTH |
1.386.426,61 |
34,11 |
1.493.134,04 |
36,02 |
1.401.892,96 |
30,60 |
|
A-1) Equity |
1.386.426,61 |
34,11 |
1.493.134,04 |
36,02 |
1.401.892,96 |
30,60 |
|
I. Capital |
94.689,00 |
2,33 |
94.689,00 |
2,28 |
94.689,00 |
2,07 |
|
1. Authorized capital |
94.689,00 |
2,33 |
94.689,00 |
2,28 |
94.689,00 |
2,07 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
1.398.445,04 |
34,41 |
1.324.881,04 |
31,96 |
1.204.755,28 |
26,30 |
|
1. Legal and statutory |
22.718,26 |
0,56 |
22.718,26 |
0,55 |
22.718,26 |
0,50 |
|
2. Other funds |
1.375.726,78 |
33,85 |
1.302.162,78 |
31,41 |
1.182.037,02 |
25,80 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
-106.707,43 |
-2,63 |
73.564,00 |
1,77 |
102.448,68 |
2,24 |
|
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 |
272.618,46 |
6,71 |
166.341,85 |
4,01 |
187.234,52 |
4,09 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
212.204,43 |
5,22 |
104.143,94 |
2,51 |
187.234,52 |
4,09 |
|
2. Debts with bank entities |
150.000,00 |
3,69 |
10.495,58 |
0,25 |
17.117,24 |
0,37 |
|
3. Financial leasing creditors |
62.204,43 |
1,53 |
|
|
|
|
|
5. Other financial liabilities |
|
|
93.648,36 |
2,26 |
170.117,28 |
3,71 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
60.414,03 |
1,49 |
62.197,91 |
1,50 |
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
2.405.276,67 |
59,18 |
2.485.899,78 |
59,97 |
2.991.923,63 |
65,31 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
874.518,14 |
21,52 |
1.102.637,69 |
26,60 |
1.284.075,05 |
28,03 |
|
2. Debts with bank entities |
816.322,91 |
20,09 |
1.102.637,69 |
26,60 |
1.284.075,05 |
28,03 |
|
3. Financial leasing creditors |
58.195,23 |
1,43 |
|
|
|
|
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
1.530.758,53 |
37,66 |
1.383.262,09 |
33,37 |
1.707.848,58 |
37,28 |
|
1. Suppliers |
1.257.429,36 |
30,94 |
1.240.869,14 |
29,93 |
1.490.791,05 |
32,54 |
|
b) Short term suppliers |
1.257.429,36 |
30,94 |
1.240.869,14 |
29,93 |
|
|
|
3. Different creditors |
273.329,17 |
6,73 |
142.392,95 |
3,43 |
|
|
|
4. Staff (pending remunerations) |
|
|
|
|
3.833,88 |
0,08 |
|
6. Other debts with Public Administrations |
|
|
|
|
211.933,87 |
4,63 |
|
7. Clients pre-payments |
|
|
|
|
1.289,78 |
0,03 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
4.064.321,74 |
100,00 |
4.145.375,67 |
100,00 |
4.581.051,11 |
100,00 |
Alerts associated to the conversion to PGC2007
The valuation norms applicable to
non-commercial debts has changed and, for this reason the conversion of
financial statements of the formulation exercise of the accounts to PGC2007
could include certain inaccuracies.
In the conversion process it has not
been possible to breakdown the composition of liabilities originated by debts
with the public administrations; for this reason the mentioned amounts are
presented fully aggregated in the item “other debts with the public
administrations”
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
31/12/2007 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
5.776.861,30 |
98,88 |
7.032.443,66 |
99,19 |
6.973.734,30 |
99,18 |
|
A) Sales |
|
|
7.032.443,66 |
99,19 |
6.973.734,30 |
99,18 |
|
2. Variation in stocks of finished goods and work in progress |
-13.211,76 |
-0,23 |
34.669,87 |
0,49 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-3.813.505,35 |
-65,27 |
-4.876.970,64 |
-68,79 |
-4.758.844,68 |
-67,68 |
|
a) Material consumed |
|
|
-4.876.970,64 |
-68,79 |
-3.905.816,54 |
-55,55 |
|
b) Raw materials consumed |
|
|
|
|
-814.081,55 |
-11,58 |
|
d) Deterioration on merchandises, raw materials and other supplies |
|
|
|
|
-38.946,59 |
-0,55 |
|
5. Other operating income |
65.550,82 |
1,12 |
57.272,90 |
0,81 |
57.464,70 |
0,82 |
|
a) Other incomes |
|
|
57.272,90 |
0,81 |
57.464,70 |
0,82 |
|
6. Labour cost |
-1.150.985,70 |
-19,70 |
-1.221.935,50 |
-17,24 |
-1.199.970,53 |
-17,07 |
|
a) Wages and similar expenses |
|
|
-980.153,29 |
-13,82 |
|
|
|
b) Social costs |
|
|
-241.782,21 |
-3,41 |
|
|
|
7. Other operating costs |
-711.103,28 |
-12,17 |
-754.754,61 |
-10,65 |
-748.679,25 |
-10,65 |
|
a) External services |
|
|
-750.681,68 |
-10,59 |
-714.715,08 |
-10,16 |
|
b) Taxes |
|
|
-4.072,93 |
-0,06 |
-4.725,66 |
-0,07 |
|
c) Losses, deterioration and variation on business operations
provisions |
|
|
|
|
-28.593,06 |
-0,41 |
|
d) Other day to day expenses |
|
|
|
|
-645,45 |
-0,01 |
|
8. Amortization of fixed assets |
-121.941,47 |
-2,09 |
-116.312,07 |
-1,64 |
-113.838,54 |
-1,62 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
431,03 |
0,01 |
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
4.723,56 |
0,08 |
2.826,51 |
0,04 |
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
36.819,15 |
0,63 |
157.240,12 |
2,22 |
209.866,00 |
2,98 |
|
14. Financial income |
24.769,56 |
0,42 |
29.637,06 |
0,42 |
26.566,38 |
0,38 |
|
b) From negotiable values and other financial instruments |
|
|
29.637,06 |
0,42 |
26.566,38 |
0,38 |
|
b 2) From third parties |
|
|
29.637,06 |
0,42 |
26.566,38 |
0,38 |
|
15. Financial expenses |
-100.083,97 |
-1,71 |
-88.791,85 |
-1,25 |
-98.663,01 |
-1,40 |
|
b) For debts with third parties |
|
|
-88.791,85 |
-1,25 |
-98.663,01 |
-1,40 |
|
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 |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-75.314,41 |
-1,29 |
-59.154,79 |
-0,83 |
-72.096,63 |
-1,03 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
-38.495,26 |
-0,66 |
98.085,33 |
1,38 |
137.769,37 |
1,96 |
|
20. Taxes on profits |
-68.212,17 |
-1,17 |
-24.521,33 |
-0,35 |
-35.320,69 |
-0,50 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
|
|
73.564,00 |
1,04 |
102.448,68 |
1,46 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
-106.707,43 |
-1,83 |
73.564,00 |
1,04 |
102.448,68 |
1,46 |
Alerts associated to the conversion to PGC2007
The Valuation norms applicable to
provisions 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.
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
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) |
94.689,00 |
1.222.432,36 |
102.448,68 |
1.419.570,04 |
|
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) |
94.689,00 |
1.222.432,36 |
102.448,68 |
1.419.570,04 |
|
I. Total recognized income and expenses |
|
|
73.564,00 |
73.564,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
102.448,68 |
-102.448,68 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
94.689,00 |
1.324.881,04 |
73.564,00 |
1.493.134,04 |
|
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) |
94.689,00 |
1.324.881,04 |
73.564,00 |
1.493.134,04 |
|
I. Total recognized income and expenses |
|
|
-106.707,43 |
-106.707,43 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
73.564,00 |
-73.564,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
94.689,00 |
1.398.445,04 |
-106.707,43 |
1.386.426,61 |
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
1.184.236,40 |
9,56 |
1.080.894,24 |
6,83 |
1.011.773,31 |
|
Working capital ratio |
0,29 |
11,54 |
0,26 |
18,18 |
0,22 |
|
Soundness Ratio |
2,92 |
13,18 |
2,58 |
6,17 |
2,43 |
|
Average Collection Period (days) |
178 |
24,37 |
143 |
-10,56 |
160 |
|
Average Payment Period (days) |
122 |
37,40 |
89 |
-20,65 |
112 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
149,24 |
4,01 |
143,48 |
7,22 |
133,82 |
|
Quick Ratio (%) |
3,96 |
72,17 |
2,30 |
-64,56 |
6,48 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
26,74 |
-8,14 |
29,11 |
-9,37 |
32,12 |
|
External Financing Average Cost |
0,09 |
28,57 |
0,07 |
0,00 |
0,07 |
|
Debt Service Coverage |
71,34 |
1.021,54 |
6,36 |
-6,47 |
6,80 |
|
Interest Coverage |
0,37 |
-79,10 |
1,77 |
-16,90 |
2,13 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
0,26 |
-90,37 |
2,70 |
-12,90 |
3,10 |
|
Auto financing generated by Assets (%) |
0,38 |
-91,70 |
4,58 |
-2,97 |
4,72 |
|
Breakdown Point |
1,01 |
-0,98 |
1,02 |
-0,97 |
1,03 |
|
Average Sales Volume per Employee |
192.113,78 |
-31,70 |
281.297,75 |
21,01 |
232.457,81 |
|
Average Cost per Employee |
38.276,88 |
-21,69 |
48.877,42 |
22,20 |
39.999,02 |
|
Assets Turnover |
1,42 |
-16,47 |
1,70 |
11,84 |
1,52 |
|
Inventory Turnover (days) |
60 |
16,08 |
51 |
-3,38 |
53 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
0,91 |
-75,99 |
3,79 |
-17,25 |
4,58 |
|
Operating Profitability (%) |
3,92 |
-40,61 |
6,60 |
-6,65 |
7,07 |
|
Return on Equity (ROE) (%) |
-2,78 |
-142,31 |
6,57 |
-33,16 |
9,83 |
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 |
11,68 |
27,05 |
-15,37 |
|
A) CURRENT ASSETS |
88,32 |
72,95 |
15,37 |
|
LIABILITIES |
|||
|
A) NET WORTH |
34,11 |
36,64 |
-2,53 |
|
B) NON CURRENT LIABILITIES |
6,71 |
11,28 |
-4,58 |
|
C) CURRENT LIABILITIES |
59,18 |
52,08 |
7,10 |
|
|
|
|
|
Analytical Account of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
98,88 |
98,34 |
0,54 |
|
Other operating income |
1,12 |
1,66 |
-0,54 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-65,27 |
-68,60 |
3,33 |
|
Variation in stocks of finished goods and work in progress |
-0,23 |
0,02 |
-0,25 |
|
GROSS MARGIN |
34,50 |
31,42 |
3,08 |
|
Other operating costs |
-12,17 |
-13,38 |
1,21 |
|
Labour cost |
-19,70 |
-11,62 |
-8,08 |
|
GROSS OPERATING RESULT |
2,63 |
6,41 |
-3,78 |
|
Amortization of fixed assets |
-2,09 |
-1,38 |
-0,71 |
|
Deterioration and result for fixed assets disposal |
0,01 |
0,23 |
-0,22 |
|
Other expenses / income |
0,08 |
|
|
|
NET OPERATING RESULT |
0,63 |
5,27 |
-4,64 |
|
Financial result |
-1,29 |
-0,94 |
-0,35 |
|
RESULT BEFORE TAX |
-0,66 |
4,34 |
-5,00 |
|
Taxes on profits |
-1,17 |
-1,15 |
-0,02 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
-1,83 |
|
|
|
NET RESULT |
-1,83 |
3,19 |
-5,02 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
1.184.236,40 |
151.410,63 |
398.083,10 |
876.472,58 |
|
Working capital ratio |
0,29 |
0,07 |
0,19 |
0,34 |
|
Soundness Ratio |
2,92 |
0,79 |
1,61 |
4,62 |
|
Average Collection Period (days) |
178 |
54 |
88 |
128 |
|
Average Payment Period (days) |
122 |
0 |
0 |
0 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
149,24 |
1,10 |
1,30 |
1,74 |
|
Quick Ratio (%) |
3,96 |
0,05 |
0,14 |
0,41 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
26,74 |
0,00 |
0,00 |
0,00 |
|
External Financing Average Cost |
0,09 |
0,04 |
0,06 |
0,09 |
|
Debt Service Coverage |
71,34 |
0,00 |
0,00 |
0,00 |
|
Interest Coverage |
0,37 |
1,46 |
3,18 |
10,65 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
0,26 |
1,66 |
3,23 |
6,02 |
|
Auto financing generated by Assets (%) |
0,38 |
2,88 |
5,44 |
9,32 |
|
Breakdown Point |
1,01 |
1,02 |
1,04 |
1,08 |
|
Average Sales Volume per Employee |
192.113,78 |
189.244,17 |
286.782,05 |
408.451,93 |
|
Average Cost per Employee |
38.276,88 |
22.183,93 |
29.104,87 |
38.097,77 |
|
Assets Turnover |
1,42 |
1,18 |
1,59 |
2,19 |
|
Inventory Turnover (days) |
60 |
27 |
60 |
116 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
0,91 |
2,86 |
5,78 |
10,39 |
|
Operating Profitability (%) |
3,92 |
4,69 |
8,20 |
13,74 |
|
Return on Equity (ROE) (%) |
-2,78 |
6,22 |
15,28 |
28,80 |
ADDITIONAL INFORMATION
Consulted Sources
Central Trade Register
Mercantile Registrars
Chamber of Commerce / Camerdata
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
BOP
INTERNET
Telephone directory: PÁGINAS AMARILLAS
Telephone directory: PÁGINAS BLANCAS
Telephone directory: QDQ
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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.