MIRA INFORM REPORT
|
Report Date : |
23.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SYMAGA SA |
|
|
|
|
Registered Office : |
Carretera Arenas (Km 2,300),
13210 Villarta De San Juan Ciudad Real |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
577.000,00 € |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
SYMAGA SA
TAX NUMBER: A13027487
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: SYMAGA SA
Other names: YES
Current Address: CARRETERA ARENAS (KM 2,300)
13210 VILLARTA DE SAN JUAN CIUDAD REAL
Branches: 1
Telephone number: 926640475 Fax: 926640294
URL: www.symaga.com
Corporate e-mail: symaga@symaga.com
Trade Risk
Credit Appraisal: 577.000,00 €
Incidents: NO
R.A.I.: NO
Bank and business defaults of payment - ASNEF EMPRESAS: NO
Financial Information
Balance sheet latest sales (2009): 23.197.197,79 € (Trade Register)
Result: 1.168.397,61 €
Total Assets: 18.018.869,4 €
Social Capital: 60.101,21 €
Employees: 45
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 30/11/1985
Activity: Mfg. of builders carpentry &
joinery of metals
NACE 2009 CODE: 2512
International Operations: Exports
Corporate Structure
Sole Administrator:
Participations: 3
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: 14/12/2010 Annual Filed Accounts
Latest press article: 01/08/2003 ECONOMÍA Y EMPRESAS
DE CASTILLA-LA MANCHA (GENERAL INFORMATION)
Bank Entities: There are
The date when this report was last updated is 22/06/2011.
The information contained in this report has been investigated and
contrasted on 08/06/2011
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 577.000,00 €
Financial Situation
Exercise:2009
|
Treasury |
Average |
|
Indebtedness |
Average |
|
Profitability |
Sufficient |
|
Balance |
Bad |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Excellent |
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
20/06/2011 08:06:59
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 |
8.233.201,53 |
45,69 |
7.092.766,17 |
45,24 |
5.140.158,22 |
38,76 |
|
B) CURRENT ASSETS |
9.785.667,87 |
54,31 |
8.585.831,71 |
54,76 |
8.120.123,22 |
61,24 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
7.181.983,91 |
39,86 |
5.774.321,48 |
36,83 |
5.224.558,56 |
39,40 |
|
B) NON CURRENT LIABILITIES |
1.205.417,53 |
6,69 |
1.612.950,73 |
10,29 |
2.250.037,37 |
16,97 |
|
C) CURRENT LIABILITIES |
9.631.467,96 |
53,45 |
8.291.325,67 |
52,88 |
5.785.685,51 |
43,63 |
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 |
23.197.197,79 |
|
16.977.953,08 |
|
16.915.756,36 |
|
|
GROSS MARGIN |
7.462.720,64 |
32,17 |
5.498.580,46 |
32,39 |
6.002.184,71 |
35,48 |
|
EBITDA |
2.912.930,26 |
12,56 |
1.806.570,06 |
10,64 |
2.183.171,25 |
12,91 |
|
EBIT |
1.707.216,95 |
7,36 |
817.389,20 |
4,81 |
1.243.673,10 |
7,35 |
|
NET RESULT |
1.168.397,61 |
5,04 |
488.198,24 |
2,88 |
800.972,08 |
4,74 |
|
EFFECTIVE TAX RATE (%) |
29,12 |
0,00 |
28,55 |
0,00 |
31,99 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed
in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|
|
|
|
A) NON CURRENT ASSETS |
45,69 |
27,71 |
17,98 |
|
A) CURRENT ASSETS |
54,31 |
72,29 |
-17,98 |
|
LIABILITIES |
|
|
|
|
A) NET WORTH |
39,86 |
36,27 |
3,59 |
|
B) NON CURRENT LIABILITIES |
6,69 |
10,56 |
-3,87 |
|
C) CURRENT LIABILITIES |
53,45 |
53,17 |
0,28 |
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
99,78 |
99,24 |
0,54 |
|
GROSS MARGIN |
32,10 |
38,16 |
-6,06 |
|
EBITDA |
12,53 |
10,94 |
1,58 |
|
EBIT |
7,34 |
8,40 |
-1,06 |
|
NET RESULT |
5,03 |
5,10 |
-0,07 |
Sector Composition
Compared sector (NACE 2009): 2512
Number of companies: 103
Size (Sales Figure): 7,000,000.00 - 40,000,000.00 Euros
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2009
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
1.168.397,61 |
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 |
1.168.397,61 |
|
Total of Amounts to be distributed |
1.168.397,61 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
1.168.397,61 |
Auditing
Source: filing of annual financial statement 2009
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: FICOLSA ASESORES Y AUDITORES S.L.
Auditing exceptions:
NO HEMOS PODIDO PRESENTAR LOS RECUENTOS DE LAS EXISTENCIAS INICIALES, NI
FINALES, TAMPOCO HEMOS DISPUESTO DE MEDIOS PARA COMPROBAR LA VALORACION, NI EL
CORTE DE OPERACIONES, POR LO QUE NO HEMOS PODIDO OBTENER EVIDENCIA DEL IMPORTE
DE LAS MISMAS REFLEJADO EN EL ACTIVO, APARTADO B.II. DEL BALANCE ADJUNTO NI DE
LA VARIACION QUE FORMA PARTE DEL APARTADO “APROVISIONAMIENTOS” DE LA CUENTA DE
PERDIDAS Y GANANCIAS ADJUNTA. COMO CONSECUENCIA, EL RESULTADO DEL EJERCICIO
PODRIA VARIAR EN UNA CANTIDAD QUE NO PODEMOS ESTIMAR. NO NOS HA FACILITADO LOS
CONTRATOS DE LOS CREDITOS A EMPRESAS Y PERSONAS VINCULADAS REFLEJADOS EN EL
ACTIVO DEL BALANCE ADJUNTO, EN EL APARTADO A.V. EPIGRAFE 2 “CREDITOS A
TERCEROS”, NI HEMOS DISPUESTO DE LA INFORMACION NECESARIA PARA CONOCER LA
SOLVENCIA DE LAS MISMAS.
Auditing fees: 8.760,00 €
Facts subsequent
to the closing
Source: Annual financial report 2009
Posterior to the closure there were no relevant facts that require the
inclusion in the annual accounts.
company ADDRESSES
Current Legal Seat Address:
CARRETERA ARENAS (KM 2,300)
13210 VILLARTA DE SAN JUAN CIUDAD REAL
Previous Seat Address:
CALLE NUESTRA SEÑORA DE LA PAZ 12
13210 VILLARTA
DE SAN JUAN CIUDAD REAL
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE AZCONA, 37 |
28028 |
MADRID |
Madrid |
There are 1 branches registered
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE CALERUEGA, 12 |
28033 |
MADRID |
Madrid |
There are 1 former branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
24/01/2008)
Other Positions : 2 (latest change: 05/06/2006)
Auditor : 1 (latest change: 17/03/2010)
Operative Board Members : 9 (latest change: 08/06/2011)
Non-current positions : 1 (latest change: 17/03/2010)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
GARRIDO MUNOZ, ALFONSO |
24/01/2008 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
FICOLSA AUDITORES SOCIEDAD LIMITADA PROFESIONAL |
17/03/2010 |
There are 4 board members, directors and auditors registered
|
POSITION |
NAME AND SURNAME |
|
General Manager |
GARRIDO MUNOZ, ALFONSO |
|
Financial Manager |
RONCERO SANCHEZ, MANUEL |
|
Human Resources Director |
BRAVO MORCILLO, JESUS |
|
Commercial Director |
RONCERO GARRIDO, MANUEL ALFONSO |
|
Purchases Director |
BRAVO MORCILLO, JESUS |
|
Exports Director |
RONCERO GARRIDO, MANUEL ALFONSO |
|
Quality Director |
OCAÑA, JOSE ANTONIO |
|
IT Director |
GARRIDO PAREJO, MARTA |
|
Technical Manager |
ANTONA, JOSE MARIA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GARRIDO PAREJO ALFONSO |
|
Indef. |
OWN SOURCES |
09/03/2010 |
|
|
GARRIDO PAREJO ANA MARIA |
|
Indef. |
OWN SOURCES |
09/03/2010 |
|
|
GARRIDO PAREJO MARTA |
|
Indef. |
OWN SOURCES |
09/03/2010 |
|
|
HEREDEROS DE ANA MARIA PAREJO HIDALGO |
|
Indef. |
TRADE REG. |
31/12/2009 |
|
|
GARRIDO MUNOZ ALFONSO |
|
Indef. |
TRADE REG. |
31/12/2009 |
There are 5 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PAREJO HIDALGO ANA MARIA CLARA |
|
Indef. |
OWN SOURCES |
09/03/2010 |
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TRANSPORTES LA VEGA DE VILLARTA SL |
B13115928 |
60,00 |
TRADE REG. |
31/12/2009 |
|
|
NAVES PRELACADAS VILLARTA SL |
B13115910 |
52,00 |
OWN SOURCES |
17/12/2002 |
|
|
CUBIERTAS Y APARCAMIENTOS S L |
B13115902 |
>10% |
TRADE REG. |
31/12/2007 |
There are 3 direct financial links through participations
registered
Company
with rating inferior to 7
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
MECAFA SA |
A13032503 |
33,33 |
OWN SOURCES |
04/07/2008 |
BUSINESS INFORMATION
Incorporation date: 30/11/1985
Establishment date: 01/01/1985
Founder’s Name: LA TITULAR
Activity: Mfg. of builders carpentry & joinery of metals
NACE 2009 CODE: 2512
NACE 2009 Activity: Manufacture of builders’ carpentry and
joinery of metal
Business: FABRICACION Y VENTA DE PRODUCTOS RELACIONADOS CON
LA GANADERIA
Activity description: Su actividad conreta es la fabricacion de
silos para la cancelación de piensos e instalaciones ganaderas
(Its
activity is the manufacture of conreta
silos for the cancellation of feed and livestock facilities)
Latest employees figure: 45 (2011)
% of fixed employees: 76,60%
% of temporary employees: 23,40%
% of men: 89,80%
% of women: 10,20%
Employees
evolution
|
|
|
|
Source: Annual financial report 2009
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Other managers |
|
1 |
|
|
Administrative employees |
|
5 |
5 |
|
Sales representatives and similar |
|
4 |
|
|
Other qualified employees |
|
6 |
|
|
Non qualified employees |
|
28 |
|
PURCHASES
National Distribution: 96%
SALES
Export Percentage: 92%
Exports to: UE Y OTROS PAISES
National Distribution: 8%
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
SARL SMD DU TELL |
YES |
There are 1 Clients
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO POPULAR ESPAÑOL, S.A. |
0068 |
CERVANTES, 35 |
VILLARTA DE SAN JUAN |
Ciudad Real |
|
CAJA DE AHORROS Y M.P. DE MADRID |
3349 |
GENERAL MOLA, 2 |
VILLARTA DE SAN JUAN |
Ciudad Real |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
5614 |
JUAN II, 6 |
CIUDAD REAL |
Ciudad Real |
|
CAJA DE AHORROS Y PENSIONES DE BARCELONA |
8664 |
AV. TABLAS DE DAIMIEL, S/N |
CIUDAD REAL |
Ciudad Real |
There are 4 bank entities registered
Discount facilities: 0
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Credit policy |
Granted limit:360.000,00 € Used limit:8.715,83 € Available limit:351.284,17
€ Source: Filed
Accounts (2009) |
|
|
|
There are 1 bank operations registered
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
|
|
|
52.049,72 |
56.097,11 |
There are 1 leasing operations registered
Brand name: SYMAGA (Valid)
Type: JOINT Scope: NATIONAL Date: 28/03/1995
There are 1 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 30/11/1985
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: 15 (Last: 17/03/2010, first: 30/12/1992)
·
Acts on
capital: 0
·
Acts on
creation: 0
·
Acts on
filed accounts: 20 (Last: 14/12/2010, first: 29/10/1991)
·
Acts on
identification: 1 (Last: 08/10/2002)
·
Acts on
Information: 2 (Last: 08/10/2002, first: 30/12/1992)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Appointments |
17/03/2010 |
111837 |
Ciudad Real |
|
Appointments |
19/12/2008 |
584244 |
Ciudad Real |
|
Re-elections |
07/04/2008 |
180222 |
Ciudad Real |
|
Re-elections |
24/01/2008 |
36445 |
Ciudad Real |
|
Re-elections |
20/09/2006 |
457740 |
Ciudad Real |
|
Appointments |
05/06/2006 |
289268 |
Ciudad Real |
|
Re-elections |
21/09/2005 |
401844 |
Ciudad Real |
|
Appointments |
20/09/2004 |
402829 |
Ciudad Real |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
14/12/2010 |
1145306 |
Ciudad Real |
|
Annual Filed Accounts (2008) |
14/12/2009 |
1006685 |
Ciudad Real |
|
Annual Filed Accounts (2007) |
05/12/2008 |
1176564 |
Ciudad Real |
There are 38 acts registered
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 1 (Last: 01/08/2003)
Latest press
article published
01/08/2003 ECONOMÍA Y EMPRESAS DE CASTILLA-LA
MANCHA - GENERAL INFORMATION
SYMAGA SE ENCUENTRA EN PROCESO DE CAMBIAR SU IMAGEN, PARA LO QUE HA MODIFICADO
EL LOGOTIPO, LOS CATALOGOS Y LA PAGINA WEB. EN ESTE CAMBIO DE IMAGEN LA CIA. HA
INTENTADO REFLEJAR LAS 3 ACTIVIDADES A LAS QUE SE DEDICA: ALMACENAMIENTO DE
CEREALES, SECTOR GANADERO CON INSTALACIONES Y EQUIPAMIENTOS PARA GRANJAS, E
INSTALACIONES Y EQUIPAMIENTO AGRICOLAS. ASIMISMO, EN UN BREVE PLAZO LA CIA.
IMPLANTARA LA NORMA DE CALIDAD ISO 9001.
There are 1 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.
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 22/12/2010.
The shaded amounts in the following financial statements have been converted to the norms established in the PGC2007 derived from RD 1514/2007 and 1515/2007, this way comparatives could be shown with the amounts of exercises initiated from 1/01/08.
This theoretical conversion exercise has been carried out from the financial statements contained in the accounting information presented on the Trade Register, and elaborated under the accounting norms and principles collected in PGC90 derived from RD 1643/1990, not taking into account any other type of information; for this reason the conversion exercise could include certain inaccuracies.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
8.233.201,53 |
45,69 |
7.092.766,17 |
45,24 |
5.140.158,22 |
38,76 |
|
I. Intangible assets |
2.424,63 |
0,01 |
9.526,51 |
0,06 |
311.910,25 |
2,35 |
|
5. Software |
2.424,63 |
0,01 |
9.526,51 |
0,06 |
|
|
|
II. Tangible fixed assets |
7.092.857,99 |
39,36 |
5.998.291,22 |
38,26 |
4.013.565,59 |
30,27 |
|
1. Property, plant and equipment |
1.452.083,32 |
8,06 |
1.479.710,76 |
9,44 |
|
|
|
2. Technical fittings and other tangible assets |
5.633.774,67 |
31,27 |
4.378.580,46 |
27,93 |
|
|
|
3. Fixed assets in progress and advances |
7.000,00 |
0,04 |
140.000,00 |
0,89 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
6.611,13 |
0,04 |
6.611,13 |
0,04 |
6.611,13 |
0,05 |
|
1. Net worth instruments |
6.611,13 |
0,04 |
6.611,13 |
0,04 |
6.611,13 |
0,05 |
|
V. Long Term Financial Investments |
1.122.210,06 |
6,23 |
1.078.337,31 |
6,88 |
808.071,25 |
6,09 |
|
2. Credits to third parties |
1.111.585,06 |
6,17 |
1.067.712,31 |
6,81 |
808.071,25 |
6,09 |
|
5. Other financial assets |
10.625,00 |
0,06 |
10.625,00 |
0,07 |
|
|
|
VI. Assets by deferred taxes |
9.097,72 |
0,05 |
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
9.785.667,87 |
54,31 |
8.585.831,71 |
54,76 |
8.120.123,22 |
61,24 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
2.900.803,21 |
16,10 |
2.829.657,98 |
18,05 |
2.261.956,39 |
17,06 |
|
2. Raw material inventory |
2.900.803,21 |
16,10 |
2.829.657,98 |
18,05 |
|
|
|
III. Trade Debtors and other receivable accounts |
4.087.217,51 |
22,68 |
5.198.505,48 |
33,16 |
2.430.610,77 |
18,33 |
|
1. Clients |
3.678.742,03 |
20,42 |
4.416.461,96 |
28,17 |
1.872.381,87 |
14,12 |
|
b) Clients for sales and short term services
rendering |
3.678.742,03 |
20,42 |
4.416.461,96 |
28,17 |
|
|
|
3. Other debts |
4.634,15 |
0,03 |
6.509,09 |
0,04 |
105,11 |
0,00 |
|
4. Staff |
6.921,00 |
0,04 |
2.800,00 |
0,02 |
27.938,39 |
0,21 |
|
5. Assets by current taxes |
30.279,03 |
0,17 |
|
|
|
|
|
6. Other credits with the Public Administrations |
366.641,30 |
2,03 |
772.734,43 |
4,93 |
530.185,40 |
4,00 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
1.007.029,67 |
5,59 |
7.029,67 |
0,04 |
806.117,32 |
6,08 |
|
1. Net worth instruments |
6.692,38 |
0,04 |
6.692,38 |
0,04 |
806.117,32 |
6,08 |
|
3. Debt representative values |
1.000.337,29 |
5,55 |
337,29 |
0,00 |
|
|
|
VI. Short term periodifications |
|
|
|
|
1.006,59 |
0,01 |
|
VII. Cash and equivalents |
1.790.617,48 |
9,94 |
550.638,58 |
3,51 |
2.620.432,15 |
19,76 |
|
1. Treasury |
|
|
550.638,58 |
3,51 |
2.620.432,15 |
19,76 |
|
2. Other cash equivalents |
1.790.617,48 |
9,94 |
|
|
|
|
|
TOTAL ASSETS (A + B) |
18.018.869,40 |
100,00 |
15.678.597,88 |
100,00 |
13.260.281,44 |
100,00 |
Alerts associated to the conversion to PGC2007
In
the conversion process the amount of goods obtained through leasing, that under
PGC90 reaches %1 of the expenses, has been maintained in the item “Intangible Assets”,
as it is not possible to estimate in a precise way its accumulated
amortization, as, according to they nature, they should be registered in the
Tangible Assets.
The
valuation norms applicable to financial instruments has changed substantially and,
for this reason the conversion of financial statements from PGC90 to PGC2007
could include notable inaccuracy.
In
the conversion process there has been estimated that the total item 143070
“Provisions on debtors” according to PGC90, for %1, is associated to “Clients
for sales and services rendering”.
In
the conversion process there has been estimated that the total debit balance
with the Public Administrations in the Financial Statements of the previous exercise
corresponds to the balances collected in the item “Other credits with the
Public Administrations” under PGC2007.
Net Worth and
Liabilities
Figures given in €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NET WORTH |
7.181.983,91 |
39,86 |
5.774.321,48 |
36,83 |
5.224.558,56 |
39,40 |
|
A-1) Equity |
6.712.553,93 |
37,25 |
5.544.156,32 |
35,36 |
5.030.558,97 |
37,94 |
|
I. Capital |
60.101,21 |
0,33 |
60.101,21 |
0,38 |
60.101,21 |
0,45 |
|
1. Authorized capital |
60.101,21 |
0,33 |
60.101,21 |
0,38 |
60.101,21 |
0,45 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
5.484.055,11 |
30,44 |
4.995.856,87 |
31,86 |
3.151.126,49 |
23,76 |
|
1. Legal and statutory |
12.020,24 |
0,07 |
12.020,24 |
0,08 |
12.020,24 |
0,09 |
|
2. Other funds |
5.472.034,87 |
30,37 |
4.983.836,63 |
31,79 |
3.139.106,25 |
23,67 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
1.018.359,19 |
7,68 |
|
1. Carry over |
|
|
|
|
1.018.359,19 |
7,68 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
1.168.397,61 |
6,48 |
488.198,24 |
3,11 |
800.972,08 |
6,04 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
-98.642,22 |
-0,63 |
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
-98.642,22 |
-0,63 |
|
|
|
A-3) Received legacies, grants and subventions |
469.429,98 |
2,61 |
328.807,38 |
2,10 |
193.999,59 |
1,46 |
|
B) NON CURRENT LIABILITIES |
1.205.417,53 |
6,69 |
1.612.950,73 |
10,29 |
2.250.037,37 |
16,97 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
961.084,19 |
5,33 |
1.473.673,04 |
9,40 |
2.166.894,69 |
16,34 |
|
2. Debts with bank entities |
904.987,08 |
5,02 |
1.372.841,84 |
8,76 |
1.989.886,45 |
15,01 |
|
3. Financial leasing creditors |
56.097,11 |
0,31 |
100.831,20 |
0,64 |
|
|
|
5. Other financial liabilities |
|
|
|
|
177.008,24 |
1,33 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
244.333,34 |
1,36 |
139.277,69 |
0,89 |
83.142,68 |
0,63 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
9.631.467,96 |
53,45 |
8.291.325,67 |
52,88 |
5.785.685,51 |
43,63 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
30.000,00 |
0,17 |
|
|
30.000,00 |
0,23 |
|
III. Short term debts |
881.304,61 |
4,89 |
1.021.195,21 |
6,51 |
888.863,22 |
6,70 |
|
2. Debts with bank entities |
463.200,00 |
2,57 |
603.335,73 |
3,85 |
888.863,22 |
6,70 |
|
3. Financial leasing creditors |
52.049,72 |
0,29 |
62.348,06 |
0,40 |
|
|
|
5. Other financial liabilities |
366.054,89 |
2,03 |
355.511,42 |
2,27 |
|
|
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
8.183.646,19 |
45,42 |
6.980.925,08 |
44,53 |
4.696.349,38 |
35,42 |
|
1. Suppliers |
5.534.810,66 |
30,72 |
3.845.095,08 |
24,52 |
4.285.710,86 |
32,32 |
|
b) Short term suppliers |
5.534.810,66 |
30,72 |
3.845.095,08 |
24,52 |
|
|
|
3. Different creditors |
856.809,01 |
4,76 |
577.808,16 |
3,69 |
|
|
|
4. Staff (pending remunerations) |
49.983,95 |
0,28 |
72.448,86 |
0,46 |
68.085,36 |
0,51 |
|
5. Liabilities by current taxes |
141.097,93 |
0,78 |
7.289,35 |
0,05 |
|
|
|
6. Other debts with Public Administrations |
56.646,45 |
0,31 |
49.261,27 |
0,31 |
135.786,43 |
1,02 |
|
7. Clients pre-payments |
1.544.298,19 |
8,57 |
2.429.022,36 |
15,49 |
206.766,73 |
1,56 |
|
VI. Short term periodifications |
536.517,16 |
2,98 |
289.205,38 |
1,84 |
170.472,91 |
1,29 |
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
18.018.869,40 |
100,00 |
15.678.597,88 |
100,00 |
13.260.281,44 |
100,00 |
Alerts associated to the conversion to PGC2007
The
valuation norms applicable to “Financial Instruments” have changed
substantially, and it is not possible to estimate directly the adjustments by
change of value of other instruments affected by these, that in the subsequent
exercise reached %1.
The
valuation norms applicable to “Subventions” has changed substantially and, for
this reason the conversion of financial statements of the current exercise to
PGC2007 could include notable inaccuracy. The company maintained in the
exercise a formulation of the accounts and in the following “Subventions” for
%1 and %2 euros, respectively, presented in the subsequent exercise, under
PGC2007, net of its fiscal effects.
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 |
23.197.197,79 |
99,78 |
16.977.953,08 |
99,95 |
16.915.756,36 |
99,92 |
|
A) Sales |
23.197.197,79 |
99,78 |
16.977.953,08 |
99,95 |
16.915.756,36 |
99,92 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-15.785.940,26 |
-67,90 |
-11.487.484,71 |
-67,63 |
-10.927.053,01 |
-64,55 |
|
a) Material consumed |
-252.033,85 |
-1,08 |
-133.926,94 |
-0,79 |
-168.786,77 |
-1,00 |
|
b) Raw materials consumed |
-14.880.588,32 |
-64,01 |
-10.673.734,84 |
-62,84 |
-10.187.522,58 |
-60,18 |
|
c) Works carried out for other companies |
-653.318,09 |
-2,81 |
-679.822,93 |
-4,00 |
-570.743,66 |
-3,37 |
|
5. Other operating income |
51.463,11 |
0,22 |
8.112,09 |
0,05 |
13.481,36 |
0,08 |
|
a) Other incomes |
|
|
570,31 |
0,00 |
3.553,54 |
0,02 |
|
b) Operating grants included in the exercise result |
51.463,11 |
0,22 |
7.541,78 |
0,04 |
9.927,82 |
0,06 |
|
6. Labour cost |
-1.212.523,57 |
-5,22 |
-1.257.520,57 |
-7,40 |
-1.031.421,65 |
-6,09 |
|
a) Wages and similar expenses |
-980.945,53 |
-4,22 |
-1.029.932,90 |
-6,06 |
|
|
|
b) Social costs |
-231.578,04 |
-1,00 |
-227.587,67 |
-1,34 |
|
|
|
7. Other operating costs |
-3.554.767,55 |
-15,29 |
-2.617.090,42 |
-15,41 |
-3.006.237,95 |
-17,76 |
|
a) External services |
-3.384.708,71 |
-14,56 |
-2.497.052,66 |
-14,70 |
-2.767.728,87 |
-16,35 |
|
b) Taxes |
-15.403,34 |
-0,07 |
-13.224,64 |
-0,08 |
-11.575,01 |
-0,07 |
|
c) Losses, deterioration and variation on business operations
provisions |
-154.655,50 |
-0,67 |
-106.813,12 |
-0,63 |
-218.646,14 |
-1,29 |
|
d) Other day to day expenses |
|
|
|
|
-8.287,93 |
-0,05 |
|
8. Amortization of fixed assets |
-1.051.057,81 |
-4,52 |
-882.367,74 |
-5,19 |
-720.851,61 |
-4,26 |
|
9. Allocation of subventions on non financial investments and other |
116.915,46 |
0,50 |
66.635,27 |
0,39 |
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
9.152,20 |
0,05 |
-0,40 |
0,00 |
|
a) Deteriorations and losses |
|
|
|
|
-0,40 |
0,00 |
|
b) Results for disposals and others |
|
|
9.152,20 |
0,05 |
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-54.070,22 |
-0,23 |
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
1.707.216,95 |
7,34 |
817.389,20 |
4,81 |
1.243.673,10 |
7,35 |
|
14. Financial income |
67.900,69 |
0,29 |
95.645,58 |
0,56 |
106.295,54 |
0,63 |
|
a) From net worth instruments participations |
|
|
|
|
599,21 |
0,00 |
|
a 2) On third parties |
|
|
|
|
599,21 |
0,00 |
|
b) From negotiable values and other financial instruments |
67.900,69 |
0,29 |
95.645,58 |
0,56 |
46.935,04 |
0,28 |
|
b 1) From group and associated companies |
32.981,42 |
0,14 |
|
|
|
|
|
b 2) From third parties |
34.919,27 |
0,15 |
95.645,58 |
0,56 |
46.935,04 |
0,28 |
|
c) Allocation of financial legacies, grants and subventions |
|
|
|
|
58.761,29 |
0,35 |
|
15. Financial expenses |
-123.764,81 |
-0,53 |
-226.413,80 |
-1,33 |
-157.597,38 |
-0,93 |
|
a) For debts with associated and affiliated companies |
|
|
-180,00 |
0,00 |
|
|
|
b) For debts with third parties |
-123.764,81 |
-0,53 |
-226.233,80 |
-1,33 |
-157.597,38 |
-0,93 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-2.943,35 |
-0,01 |
-9.120,48 |
-0,05 |
-14.704,60 |
-0,09 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
5.789,13 |
0,03 |
|
|
|
b) Results for disposals and others |
|
|
5.789,13 |
0,03 |
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-58.807,47 |
-0,25 |
-134.099,57 |
-0,79 |
-66.006,44 |
-0,39 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
1.648.409,48 |
7,09 |
683.289,63 |
4,02 |
1.177.666,66 |
6,96 |
|
20. Taxes on profits |
-480.011,87 |
-2,06 |
-195.091,39 |
-1,15 |
-376.694,58 |
-2,23 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
1.168.397,61 |
5,03 |
488.198,24 |
2,87 |
800.972,08 |
4,73 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
1.168.397,61 |
5,03 |
488.198,24 |
2,87 |
800.972,08 |
4,73 |
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
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
1.168.397,61 |
488.198,24 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
I. For valuation of financial instruments |
|
|
|
II. Cash flow coverage |
|
|
|
III. Received legacies, grants and subventions |
458.722,36 |
|
|
IV. For actuarial profits and losses and other adjustments |
-102.542,08 |
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
VI. Conversion differences |
|
|
|
VII. Tax effect |
|
-98.642,22 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
356.180,28 |
-98.642,22 |
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
VIII. For valuation of financial instruments |
|
|
|
IX. Cash flow coverage |
|
|
|
X. Received legacies, grants and subventions |
-116.915,46 |
-66.635,27 |
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
XII. Conversion differences |
|
|
|
XIII. Tax effect |
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
-116.915,46 |
-66.635,27 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
1.407.662,43 |
322.920,75 |
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
60.101,21 |
3.176.525,60 |
1.819.331,27 |
|
|
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) |
60.101,21 |
3.176.525,60 |
1.819.331,27 |
|
|
I. Total recognized income and expenses |
|
|
|
488.198,24 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
1.819.331,27 |
-1.819.331,27 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
60.101,21 |
4.995.856,87 |
|
488.198,24 |
|
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 |
4.995.856,87 |
|
488.198,24 |
|
I. Total recognized income and expenses |
|
|
|
1.168.397,61 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
488.198,24 |
|
-488.198,24 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
60.101,21 |
5.484.055,11 |
|
1.168.397,61 |
|
NET WORTH CHANGES ( 3 /3) |
VALUE CHANGES ADJUSTMENT |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
277.142,27 |
5.333.100,35 |
|
|
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) |
|
277.142,27 |
5.333.100,35 |
|
|
I. Total recognized income and expenses |
-98.642,22 |
51.665,11 |
441.221,13 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
|
230.165,16 |
5.774.321,48 |
|
|
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) |
|
230.165,16 |
5.774.321,48 |
|
|
I. Total recognized income and expenses |
|
239.264,82 |
1.407.662,43 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
|
469.429,98 |
7.181.983,91 |
|
CASH FLOW STATUS
Figures given in €
|
|
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
1. exercise result before taxes |
683.289,63 |
|
2. Results adjustments |
1.027.499,35 |
|
a) Amortization of fixed assets (+) |
882.367,74 |
|
b) Value correction for deterioration (+/-) |
112.602,25 |
|
d) Grants allocation (-) |
-79.966,18 |
|
e) Results for decline and disposal of fixed assets (+/-) |
-9.152,20 |
|
g) Financial income (-) |
-95.645,58 |
|
f) Financial expenses (+) |
226.413,80 |
|
i) Change difference (+/-) |
-9.120,48 |
|
3. Changes in current capital |
-892.496,55 |
|
a) Stocks (+/-) |
-567.701,59 |
|
b) Debtors and other receivable accounts (+/-) |
-2.865.587,35 |
|
c) Other current assets (+/-) |
1.006,59 |
|
d) Creditors and other payable accounts (+/-) |
2.254.575,70 |
|
e) Other current liabilities (+/-) |
258.010,16 |
|
f) Other non-current assets and liabilities (+/-) |
27.199,94 |
|
4. Other cash flow coming from operating activities |
-325.859,61 |
|
a) Interests payments (-) |
-226.413,80 |
|
c) Interests collections (+) |
95.645,58 |
|
e) Other payments (collections) (-/+) |
-195.091,39 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
492.432,82 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
6. Investment payments (-) |
-3.132.015,36 |
|
c) Tangible assets |
-2.861.749,30 |
|
e) Other financial assets |
-270.266,06 |
|
7. Disinvestment collections (+) |
1.130.678,63 |
|
b) Intangible assets |
8.970,27 |
|
c) Tangible assets |
297.221,60 |
|
e) Other financial assets |
799.087,65 |
|
h) Other assets |
25.399,11 |
|
8. Cash Flow in investment activities (6 + 7) |
-2.001.336,73 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
9. Net worth instruments collections and payments |
|
|
10. Financial liabilities instruments collections and payments |
-560.889,66 |
|
a) Issue |
132.331,99 |
|
2. Debts with bank entities (+) |
132.331,99 |
|
b) Return and amortization of |
-693.221,65 |
|
2. Debts with bank entities (-) |
-693.221,65 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-560.889,66 |
|
D) Exchange rate variations effect |
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-2.069.793,57 |
|
Cash or equivalents at the beginning of the exercise |
2.620.432,15 |
|
Cash or equivalents at the end of the exercise |
550.638,58 |
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
154.199,91 |
-47,64 |
294.506,04 |
-87,38 |
2.334.437,71 |
|
Working capital ratio |
0,01 |
-50,00 |
0,02 |
-88,89 |
0,18 |
|
Soundness Ratio |
0,82 |
5,13 |
0,78 |
-20,41 |
0,98 |
|
Average Collection Period (days) |
63 |
-42,48 |
110 |
112,50 |
52 |
|
Average Payment Period (days) |
152 |
-14,55 |
178 |
46,88 |
121 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
101,60 |
-1,88 |
103,55 |
-26,22 |
140,35 |
|
Quick Ratio (%) |
29,05 |
331,65 |
6,73 |
-88,64 |
59,22 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
10,22 |
-35,70 |
15,91 |
-30,95 |
23,04 |
|
External Financing Average Cost |
0,07 |
-22,22 |
0,09 |
80,00 |
0,05 |
|
Debt Service Coverage |
0,83 |
-83,63 |
5,07 |
152,24 |
2,01 |
|
Interest Coverage |
13,79 |
281,99 |
3,61 |
-54,25 |
7,89 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
9,57 |
230,00 |
2,90 |
-67,78 |
9,00 |
|
Auto financing generated by Assets (%) |
12,32 |
292,36 |
3,14 |
-72,65 |
11,48 |
|
Breakdown Point |
1,08 |
2,86 |
1,05 |
-2,78 |
1,08 |
|
Average Sales Volume per Employee |
500.586,92 |
38,16 |
362.312,27 |
-3,62 |
375.905,70 |
|
Average Cost per Employee |
26.165,81 |
-2,50 |
26.835,69 |
17,08 |
22.920,48 |
|
Assets Turnover |
1,29 |
19,44 |
1,08 |
-15,62 |
1,28 |
|
Inventory Turnover (days) |
66 |
-25,20 |
89 |
18,84 |
75 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
9,48 |
81,96 |
5,21 |
-44,46 |
9,38 |
|
Operating Profitability (%) |
15,31 |
40,46 |
10,90 |
-26,45 |
14,82 |
|
Return on Equity (ROE) (%) |
24,56 |
99,19 |
12,32 |
-47,33 |
23,41 |
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 |
45,69 |
27,71 |
17,98 |
|
A) CURRENT ASSETS |
54,31 |
72,29 |
-17,98 |
|
LIABILITIES |
|||
|
A) NET WORTH |
39,86 |
36,27 |
3,59 |
|
B) NON CURRENT LIABILITIES |
6,69 |
10,56 |
-3,87 |
|
C) CURRENT LIABILITIES |
53,45 |
53,17 |
0,28 |
|
|
|
|
|
Analytical Account
of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,78 |
99,24 |
0,55 |
|
Other operating income |
0,22 |
0,76 |
-0,54 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-67,90 |
-61,62 |
-6,28 |
|
Variation in stocks of finished goods and work in progress |
|
-0,22 |
|
|
GROSS MARGIN |
32,10 |
38,16 |
-6,06 |
|
Other operating costs |
-15,29 |
-12,18 |
-3,11 |
|
Labour cost |
-5,22 |
-15,44 |
10,22 |
|
GROSS OPERATING RESULT |
11,59 |
10,54 |
1,04 |
|
Amortization of fixed assets |
-4,52 |
-2,22 |
-2,30 |
|
Deterioration and result for fixed assets disposal |
|
0,08 |
|
|
Other expenses / income |
0,27 |
|
|
|
NET OPERATING RESULT |
7,34 |
8,40 |
-1,06 |
|
Financial result |
-0,25 |
-1,09 |
0,84 |
|
RESULT BEFORE TAX |
7,09 |
7,31 |
-0,22 |
|
Taxes on profits |
-2,06 |
-2,22 |
0,16 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
5,03 |
|
|
|
NET RESULT |
5,03 |
5,10 |
-0,06 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
154.199,91 |
413.263,67 |
1.266.431,23 |
2.765.325,25 |
|
Working capital ratio |
0,01 |
0,06 |
0,15 |
0,29 |
|
Soundness Ratio |
0,82 |
0,71 |
1,08 |
2,34 |
|
Average Collection Period (days) |
63 |
94 |
128 |
161 |
|
Average Payment Period (days) |
152 |
66 |
93 |
127 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
101,60 |
1,10 |
1,25 |
1,74 |
|
Quick Ratio (%) |
29,05 |
0,03 |
0,08 |
0,18 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
10,22 |
11,38 |
27,47 |
42,15 |
|
External Financing Average Cost |
0,07 |
0,04 |
0,06 |
0,08 |
|
Debt Service Coverage |
0,83 |
0,54 |
3,37 |
7,29 |
|
Interest Coverage |
13,79 |
2,15 |
4,30 |
13,08 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
9,57 |
3,93 |
5,76 |
10,02 |
|
Auto financing generated by Assets (%) |
12,32 |
5,00 |
8,13 |
13,95 |
|
Breakdown Point |
1,08 |
1,04 |
1,06 |
1,13 |
|
Average Sales Volume per Employee |
500.586,92 |
141.906,12 |
189.129,77 |
280.600,46 |
|
Average Cost per Employee |
26.165,81 |
24.729,70 |
29.771,37 |
35.935,22 |
|
Assets Turnover |
1,29 |
1,08 |
1,33 |
1,59 |
|
Inventory Turnover (days) |
66 |
32 |
73 |
113 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
9,48 |
5,02 |
8,17 |
16,54 |
|
Operating Profitability (%) |
15,31 |
8,50 |
11,82 |
19,14 |
|
Return on Equity (ROE) (%) |
24,56 |
12,57 |
22,35 |
35,70 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.82 |
|
UK Pound |
1 |
Rs.72.84 |
|
Euro |
1 |
Rs.64.58 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.