MIRA INFORM
REPORT
|
Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
JUARISTI T.S. COMERCIAL SL TSCO |
|
|
|
|
Registered Office : |
Poligono Industrial Basarte, Par 2,
20720 Azkoitia Guipúzcoa |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
01.01.1941 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of machine tools for metals, wood, cork, etc and spare parts |
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 : |
506.000,00 € |
|
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) |
|
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
JUARISTI T.S. COMERCIAL SL ”TSCO”
TAX NUMBER: B20492542
EXECUTIVE
SUMMARY
Identification
Current Business Name: JUARISTI T.S. COMERCIAL SL
Commercial Name: AZKOITIA
Other names: YES
Current Address: POLIGONO INDUSTRIAL
BASARTE, PAR 2
Branches: 1
Telephone number: 943851221 Fax: 943851355
URL: www.juaristi.com
Corporate e-mail: tsco@juaristi.com
Trade Risk
Credit Appraisal: 506.000,00 €
Incidents: NO
R.A.I.: NO
Bank and business defaults of payment - ASNEF INDUSTRIAL: NO
Financial Information
Latest sales known (2009): 29.310.000,00
€ (Own Sources)
Balance sheet latest sales (2008): 32.550.348,16 € (Trade Register)
Result: 151.844,45 €
Total Assets: 20.538.798,13 €
Social Capital: 605.820,20 €
Employees: 90
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 27/05/1994
Activity: Mfg. of machine tools for metals, wood,
cork, etc and spare parts
NACE 2009 CODE: 2891
International Operations: Imports and
Exports
Corporate Structure
Sole
Administrator:
Parent Company:
Participations: 2
Other Complementary Information
Latest filed
accounts published in the Mercantile Register: 2008
Type of Accounts available at the Mercantile Register: Individuals
Latest act published in BORME: 02/09/2010 Appointments
Latest press article: 04/03/2009 EXPANSIÓN DEL PAIS
VASCO (GENERAL INFORMATION)
Bank Entities: There are
The date when this report was last updated is 31/01/2011.
The information contained in this report has been investigated and
contrasted on 31/01/2011
Credit Appraisal
Maximum Credit
(from 0 to
6,000,000 €)
Favourable to 506.000,00 €
Credit appraisal evolution
Financial Situation
Exercise:2008
|
Treasury |
Average |
|
Indebtedness |
Important |
|
Profitability |
Null |
|
Balance |
Excellent |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Good |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
BANK AND BUSINESS
DEFAULTS OF PAYMENT - ASNEF INDUSTRIAL
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
26/01/2011 08:01:15
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 €
|
|
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
31/12/2007 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
A) NON CURRENT ASSETS |
1.213.289,20 |
5,91 |
764.102,79 |
3,75 |
|
B) CURRENT ASSETS |
19.325.508,93 |
94,09 |
19.617.395,92 |
96,25 |
|
LIABILITIES |
|
|
|
|
|
A) NET WORTH |
2.285.674,99 |
11,13 |
2.256.794,83 |
11,07 |
|
B) NON CURRENT LIABILITIES |
90.192,94 |
0,44 |
|
|
|
C) CURRENT LIABILITIES |
18.162.930,20 |
88,43 |
18.124.703,88 |
88,93 |
Profit and Loss
Account Analysis
Figures given in €
|
|
2009 OWN SOURCES |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2007 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
29.310.000,00 |
32.550.348,16 |
|
27.147.058,59 |
|
|
GROSS MARGIN |
|
7.001.597,20 |
21,51 |
4.733.619,11 |
17,44 |
|
EBITDA |
|
771.026,77 |
2,37 |
635.072,94 |
2,34 |
|
EBIT |
|
420.373,33 |
1,29 |
268.421,75 |
0,99 |
|
NET RESULT |
|
151.844,45 |
0,47 |
116.171,79 |
0,43 |
|
EFFECTIVE TAX RATE (%) |
|
0,22 |
|
-0,96 |
|
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|
|
|
|
A) NON CURRENT ASSETS |
5,91 |
18,76 |
-12,85 |
|
A) CURRENT ASSETS |
94,09 |
81,24 |
12,85 |
|
LIABILITIES |
|
|
|
|
A) NET WORTH |
11,13 |
20,16 |
-9,04 |
|
B) NON CURRENT LIABILITIES |
0,44 |
7,38 |
-6,94 |
|
C) CURRENT LIABILITIES |
88,43 |
72,46 |
15,97 |
|
|
|
|
|
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
99,60 |
94,87 |
4,73 |
|
GROSS MARGIN |
21,42 |
37,34 |
-15,92 |
|
EBITDA |
2,36 |
4,92 |
-2,56 |
|
EBIT |
1,29 |
3,14 |
-1,86 |
|
NET RESULT |
0,46 |
2,65 |
-2,19 |
Sector Composition
Compared sector (NACE 2009): 2891
Number of companies: 11
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 2008
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss |
151.844,45 |
Legal Reserve |
0,00 |
|
Carry Over |
0,00 |
Voluntary Reserve |
151.844,45 |
|
Voluntary reserves |
0,00 |
Prior years losses |
0,00 |
|
Reserves |
0,00 |
Carry Over |
0,00 |
|
Other concepts |
0,00 |
Other funds |
0,00 |
|
Total of Amounts to be distributed |
151.844,45 |
Dividends |
0,00 |
|
|
|
Other Applications |
0,00 |
Auditing
Source: filing of annual financial statement 2008
Auditors’ opinion: FAVOURABLE
Auditor: EUSKALTAX AUDIT S.L.
COMPANY ADDRESSES
Current Legal Seat Address:
POLIGONO INDUSTRIAL BASARTE, PAR 2
20720 AZKOITIA GUIPÚZCOA
Previous Seat Address:
CALLE KALE NAGUSIA 53
20720 AZKOITIA
GUIPÚZCOA
Characteristics of
the current address
Type of establishment: store
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE ESTRADA, S/N |
20720 |
AZKOITIA |
Guipúzcoa |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
PLAZUELA BIZKARDI, 6 |
20720 |
AZKOITIA |
Guipúzcoa |
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
Main Board
members, Directors and Auditor
|
POSITION |
NAME AND SURNAME |
APPOINTMENT DATE |
|
|
SOLE ADMINISTRATOR |
ZARANDONA VEGA JON |
22/05/2008 |
|
|
AUDITOR |
APPOINTMENT DATE |
||
|
A B Z AUDILAN SL |
02/09/2010 |
||
Functional
Managers
|
POSITION |
NAME AND SURNAME |
|
General Manager |
ARIZNABARRETA CHURRUCA JAVIER |
|
Financial Director |
ARAMBARRI APERRIBAY BEGONA |
|
Human Resources Director |
BADIOLA ITURBE ANA |
|
Commercial Director |
MENDEGUIA JESUS |
|
Imports Director |
MENDEGUIA JESUS |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PRIZAR SOCIEDAD LIMITADA. |
B95194338 |
99,90 |
OWN SOURCES |
31/01/2011 |
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
AZKOZAR-BI S.L. |
B20599924 |
99,99 |
OWN SOURCES |
13/03/2009 |
Company with rating inferior to 7
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
PROMOCIONES ARTEAGA BEHEKOA SOCIEDAD LIMITADA. |
B95468062 |
100,00 |
TRADE REG. |
31/12/2008 |
|
DOGAN 5 SOCIEDAD LIMITADA |
B48415723 |
99,99 |
TRADE REG. |
31/12/2008 |
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”ZARANDONA VEGA JON “
|
COMPANY |
POSITION |
PROVINCE |
|
ZARAZKO-BI S.L. |
Administrador único |
GUIPUZCOA |
|
AZKOZAR-BI S.L. |
Administrador único |
GUIPUZCOA |
|
TALLERES HILFA SL |
Administrador único |
VIZCAYA |
|
DOGAN 5 SOCIEDAD LIMITADA |
Administrador único |
VIZCAYA |
|
PRIZAR SOCIEDAD LIMITADA. |
Administrador único |
VIZCAYA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”JUARISTI T.S. COMERCIAL SL”
|
COMPANY FOUND |
PROVINCE |
|
T |
GUIPUZCOA |
Search Criterion: ”JUARISTI T.S. COMERCIAL SL”
URL: www.juaristi.com
Juaristi TS, Fabricante de máquinas de precisión » TS CENTROS
MANDRINADO TIPO PLANER. Máquinas robustas y de gran fiabilidad. ... 2009 Juaristi
TS Comercial. Diseñado por: Fidenet Comunicación.
CREDIT INFORMATION
Incorporation date: 27/05/1994
Establishment date: 01/01/1941
Activity: Mfg. of machine tools for metals, wood, cork, etc
and spare parts
NACE 2009 CODE: 2891
NACE 2009 Activity: Manufacture of machinery for metallurgy
Business: COMERCIALIZACION, FABRICACION DE TODO TIPO DE
MAQUINARIA HERRAMIENTA, ACCESORIOS, COMPONENTES Y REPUESTOS RELACIONADOS CON LA
MISMA.
Employees
Latest employees figure: 90 (2011)
SALES
Exports to:
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
TALLERES HILFA
SL |
NO |
|
ZARAZKO-BI SL |
NO |
There are 2 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
TALLERES HILFA
SL |
NO |
|
AZKOZAR-BI SL |
NO |
|
PROINDEN SA |
NO |
There are 3 Clients
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
4637 |
CL MAYOR 56 APDO. 00000 |
AZKOITIA |
Guipúzcoa |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
0313 |
PLAZA OLATZ, 5 |
AZPEITIA |
Guipúzcoa |
There are 2 bank entities registered
FORMER NAMES:
•
TS COMERCIAL SL
LEGAL STRUCTURE
Constitution Data
Register Date: 27/05/1994
Register town: Guipúzcoa
Announcement number: 190760
Social Capital: 4.808,1 €
Legal form: Limited Liability Company
Social Capital: 605.820,20 €
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: 25 (Last: 02/09/2010, first: 06/07/1994)
· Acts on capital: 1 (Last: 30/01/1998)
· Acts on creation: 1 (Last: 06/07/1994)
· Acts on filed accounts: 15 (Last: 14/06/2010, first: 20/11/1995)
· Acts on identification: 3 (Last: 15/11/2006, first: 28/08/1997)
· Acts on Information: 3 (Last: 25/10/1999, first: 25/11/1996)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Appointments |
02/09/2010 |
339171 |
Guipúzcoa |
|
Re-elections |
20/04/2010 |
156252 |
Guipúzcoa |
|
Re-elections |
26/05/2009 |
238206 |
Guipúzcoa |
|
Re-elections |
28/05/2008 |
265545 |
Guipúzcoa |
|
Appointments |
22/05/2008 |
254746 |
Guipúzcoa |
|
Resignations |
22/05/2008 |
254746 |
Guipúzcoa |
|
Re-elections |
31/01/2007 |
57621 |
Guipúzcoa |
|
Re-elections |
31/01/2007 |
57620 |
Guipúzcoa |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2008) |
14/06/2010 |
204030 |
Guipúzcoa |
|
Annual Filed Accounts (2007) |
16/04/2010 |
159705 |
Guipúzcoa |
|
Annual Filed Accounts (2006) |
12/06/2008 |
168306 |
Guipúzcoa |
There are 48 acts registered
PRESS ARTICLES
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 2 (Last: 04/03/2009, first: 15/02/2009)
Financial Information: 1 (Last: 16/03/2007)
Negative information: 0
Business lines: 0
Historical press releases: 5 (Last: 16/09/2005, first:
01/06/2000)
Latest press
article published
04/03/2009 EXPANSIÓN
EL FABRICANTE GUIPUZCOANO JUARISTI APUESTA POR INTRODUCIRSE EN ORIENTE
MEDIO, PRINCIPALMENTE EN EL MERCADO ENERGETICO DE ARABIA SAUDI, DENTRO DE UNA
ESTRATEGIA CENTRADA EN IMPULSAR LA ACTIVIDAD EXTERIOR. ACTUALMENTE, LAS
EXPORTACIONES REPRESENTAN CERCA DEL 90% DE SU NEGOCIO, SIENDO SUS PRINCIPALES
MERCADOS ALEMANIA E INDIA, AUNQUE CONSIDERA AREAS DE INTERES BRASIL, RUSIA,
CHINA O POLONIA. JUARISTI CERRO 2008 CON UNA CIFRA DE NEGOCIO DE 33 MM., UN 10%
MAS Y, SUS PREVISIONES PARA 2009 APUNTAN A REPETIR VENTAS. LA CIA. CUENTA CON
CARGA DE TRABAJO HASTA FINALES DE 2009
15/02/2009 EMPRESA XXI - GENERAL INFORMATION
LA CIA. GUIPUZCOANA JUARISTI AMPLIARA SU CAPACIDAD INNOVADORA CON EL
LANZAMIENTO DE VARIOS PROGRAMAS DE I+D+I PARA LA MEJORA DE LA ORGANIZACION DE
LOS PROCESOS Y PARA LA CREACION DE NUEVAS SOLUCIONES EN MESAS GIRATORIAS Y
CENTROS DE MECANIZADO. PARA OPTIMIZAR TODA SU POLITICA INNOVADORA Y DE CALIDAD,
JUARISTI TIENE EN CARTERA UN PROGRAMA DE INVERSIONES
16/03/2007 ESTRATEGIA EMPRESARIAL - FINANCIAL
DATA
JUARISTI, FABRICANTE GUIPUZCOANO DE CENTROS DE MANDRINADO Y FRESADO DE
PRECISION, CAPTO EN 2006 UN CARTERA DE PEDIDOS DE 40 MM. DE EUROS. SEGUN SU
DIRECTOR GENERAL, JAVIER ARIZNABARRETA, LA CIA. PREVE CERRAR EL 2007 CON UNA
FACTURACION
16/09/2005 ESTRATEGIA EMPRESARIAL - GENERAL
INFORMATION
EL FABRICANTE GUIPUZCOANO JUARISTI CUENTA CON UNA CARTERA DE PEDIDOS POR
VALOR DE 18 MM. DE EUROS CON PRESENCIA EN EL MERCADO INTERNACIONAL, QUE LE
PERMITIRA CERRAR EL EJERCICIO CON UN RATIO DE EXPORTACION POR ENCIMA DEL 75%
FACTURANDO 22 MM. DE EUROS.
01/02/2005 EMPRESA XXI - GENERAL INFORMATION
LA GUIPUZCOANA JUARISTI HA GANADO EL PROYECTO INTERNACIONAL PARA LA
RENOVACION DE LOS EQUIPOS DE MANDRINADO DE LA PLANTA DE
There are 8 press articles registered for this company
Complementary Information
Financial Information
El balance cerrado a 31/12/2008 (Deposito 2008) esta disponible en INFORMA,
pero existen datos en los nuevos estados contables incorrectamente presentados.
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 15/06/2010.
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 €
|
|
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
1.213.289,20 |
5,91 |
764.102,79 |
3,75 |
|
I. Intangible assets |
651,80 |
0,00 |
268.817,43 |
1,32 |
|
5. Software |
651,80 |
0,00 |
|
|
|
II. Tangible fixed assets |
849.667,38 |
4,14 |
495.285,36 |
2,43 |
|
1. Property, plant and equipment |
535.027,68 |
2,60 |
|
|
|
2. Technical fittings and other tangible assets |
314.639,70 |
1,53 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
V. Long Term Financial Investments |
|
|
|
|
|
VI. Assets by deferred taxes |
362.970,02 |
1,77 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
B) CURRENT ASSETS |
19.325.508,93 |
94,09 |
19.617.395,92 |
96,25 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
II. Stocks |
8.932.055,53 |
43,49 |
8.712.557,70 |
42,75 |
|
2. Raw material inventory |
237.179,38 |
1,15 |
|
|
|
3. Work in Progress |
8.189.637,21 |
39,87 |
|
|
|
b) Short production cycle |
8.189.637,21 |
39,87 |
|
|
|
4. Finished goods |
70.000,00 |
0,34 |
|
|
|
b) Short production cycle |
70.000,00 |
0,34 |
|
|
|
6. Pre-payments to suppliers |
435.238,94 |
2,12 |
|
|
|
III. Trade Debtors and other receivable accounts |
6.164.296,75 |
30,01 |
7.458.306,43 |
36,59 |
|
1. Clients |
5.506.400,58 |
26,81 |
5.905.589,64 |
28,98 |
|
b) Clients for sales and short term services
rendering |
5.506.400,58 |
26,81 |
|
|
|
2. Clients group and associated companies |
132.451,60 |
0,64 |
|
|
|
3. Other debts |
123.559,76 |
0,60 |
210.698,90 |
1,03 |
|
6. Other credits with the Public Administrations |
401.884,81 |
1,96 |
1.342.017,89 |
6,58 |
|
IV. Short term investments in associated and affiliated companies |
|
|
-10.562,41 |
-0,05 |
|
1. Net worth instruments |
|
|
-10.562,41 |
-0,05 |
|
V. Short term financial investments |
3.483.742,45 |
16,96 |
2.823.012,91 |
13,85 |
|
1. Net worth instruments |
2.907.005,54 |
14,15 |
2.823.012,91 |
13,85 |
|
3. Debt representative values |
389.224,16 |
1,90 |
|
|
|
5. Other financial assets |
187.512,75 |
0,91 |
|
|
|
VI. Short term periodifications |
259.269,70 |
1,26 |
214.345,63 |
1,05 |
|
VII. Cash and equivalents |
486.144,50 |
2,37 |
419.735,66 |
2,06 |
|
1. Treasury |
486.144,50 |
2,37 |
419.735,66 |
2,06 |
|
TOTAL ASSETS (A + B) |
20.538.798,13 |
100,00 |
20.381.498,71 |
100,00 |
Alerts associated to the conversion to PGC2007
In the conversion process there has
been estimated that the total item 143070 “Provisions on debtors” according to
PGC90, for %1, is associated to “Clients for sales and services rendering”.
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.
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.
Net Worth and
Liabilities
Figures given in €
|
|
31.12.2008 (12) |
% ASSETS |
31.12.2007 (12) |
% ASSETS |
|
A) NET WORTH |
2.285.674,99 |
11,13 |
2.256.794,83 |
11,07 |
|
A-1) Equity |
2.416.835,71 |
11,77 |
2.256.794,83 |
11,07 |
|
I. Capital |
605.820,20 |
2,95 |
605.820,20 |
2,97 |
|
1. Authorized capital |
605.820,20 |
2,95 |
605.820,20 |
2,97 |
|
II. Issue premium |
|
|
|
|
|
III. Reserves |
1.659.171,06 |
8,08 |
1.534.802,84 |
7,53 |
|
1. Legal and statutory |
237.335,83 |
1,16 |
121.164,04 |
0,59 |
|
2. Other funds |
1.421.835,23 |
6,92 |
1.413.638,80 |
6,94 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
VII. Exercise Result |
151.844,45 |
0,74 |
116.171,79 |
0,57 |
|
VIII. (Interim dividend) |
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
A-2) Value changes adjustments |
-131.160,72 |
-0,64 |
|
|
|
I. Financial assets available for sale |
-131.160,72 |
-0,64 |
|
|
|
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 |
90.192,94 |
0,44 |
|
|
|
I. Long term provisions |
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
IV. Liabilities by deferred taxes |
90.192,94 |
0,44 |
|
|
|
V. Long term periodifications |
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
C) CURRENT LIABILITIES |
18.162.930,20 |
88,43 |
18.124.703,88 |
88,93 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
III. Short term debts |
1.048.185,18 |
5,10 |
1.768.006,29 |
8,67 |
|
2. Debts with bank entities |
1.048.185,18 |
5,10 |
1.768.006,29 |
8,67 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
V. Trade creditors and other payable accounts |
17.114.745,02 |
83,33 |
16.334.013,15 |
80,14 |
|
1. Suppliers |
7.897.848,32 |
38,45 |
8.902.505,60 |
43,68 |
|
b) Short term suppliers |
7.897.848,32 |
38,45 |
|
|
|
2. Suppliers group and associated companies |
18.796,75 |
0,09 |
|
|
|
3. Different creditors |
719.531,40 |
3,50 |
|
|
|
5. Liabilities by current taxes |
3.931,99 |
0,02 |
|
|
|
6. Other debts with Public Administrations |
5.380,61 |
0,03 |
46.345,30 |
0,23 |
|
7. Clients pre-payments |
8.469.255,95 |
41,24 |
7.385.162,25 |
36,23 |
|
VI. Short term periodifications |
|
|
22.684,44 |
0,11 |
|
VII. Short term debts with special characteristics |
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
20.538.798,13 |
100,00 |
20.381.498,71 |
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 “financial assets
available for sale”, that in the subsequent exercise reached %1.
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 €
|
|
31/12/2008 (12) |
%OP. EXPEN. |
31/12/2007 (12) |
%OP. EXPEN. |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
1. Net Turnover |
32.550.348,16 |
99,60 |
27.147.058,59 |
99,62 |
|
A) Sales |
32.383.424,20 |
99,09 |
26.829.988,63 |
98,45 |
|
b) Services provided |
166.923,96 |
0,51 |
317.069,96 |
1,16 |
|
2. Variation in stocks of finished goods and work in progress |
-195.760,89 |
-0,60 |
2.076.472,29 |
7,62 |
|
3. Works for its own assets |
|
|
|
|
|
4. Supplies |
-25.483.291,61 |
-77,98 |
-24.594.090,51 |
-90,25 |
|
a) Material consumed |
|
|
-14.369.608,91 |
-52,73 |
|
b) Raw materials consumed |
-18.626.280,05 |
-56,99 |
-4.243.974,90 |
-15,57 |
|
c) Works carried out for other companies |
-6.857.011,56 |
-20,98 |
-5.980.506,70 |
-21,95 |
|
5. Other operating income |
130.301,54 |
0,40 |
104.178,74 |
0,38 |
|
a) Other incomes |
|
|
59.127,81 |
0,22 |
|
b) Operating grants included in the exercise result |
130.301,54 |
0,40 |
45.050,93 |
0,17 |
|
6. Labour cost |
|
|
|
|
|
7. Other operating costs |
-6.205.671,68 |
-18,99 |
-4.098.546,17 |
-15,04 |
|
a) External services |
-6.204.416,21 |
-18,98 |
-4.097.152,74 |
-15,03 |
|
b) Taxes |
-1.255,47 |
0,00 |
-1.393,43 |
-0,01 |
|
8. Amortization of fixed assets |
-350.653,44 |
-1,07 |
-366.651,19 |
-1,35 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
13. Other results |
-24.898,75 |
-0,08 |
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
420.373,33 |
1,29 |
268.421,75 |
0,98 |
|
14. Financial income |
28.217,55 |
0,09 |
62.861,87 |
0,23 |
|
a) From net worth instruments participations |
15.095,37 |
0,05 |
|
|
|
a 2) On third parties |
15.095,37 |
0,05 |
|
|
|
b) From negotiable values and other financial instruments |
13.122,18 |
0,04 |
62.861,87 |
0,23 |
|
b 2) From third parties |
13.122,18 |
0,04 |
62.861,87 |
0,23 |
|
15. Financial expenses |
-310.784,31 |
-0,95 |
-212.080,14 |
-0,78 |
|
a) For debts with associated and affiliated companies |
-310.784,31 |
-0,95 |
|
|
|
b) For debts with third parties |
|
|
-212.080,14 |
-0,78 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
17. Exchange differences |
14.369,43 |
0,04 |
-41,14 |
0,00 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
-4.097,62 |
-0,02 |
|
a) Deteriorations and losses |
|
|
-4.097,62 |
-0,02 |
|
19. Other financial income and expenses |
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-268.197,33 |
-0,82 |
-153.357,03 |
-0,56 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
152.176,00 |
0,47 |
115.064,72 |
0,42 |
|
20. Taxes on profits |
-331,55 |
0,00 |
1.107,07 |
0,00 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
151.844,45 |
0,46 |
116.171,79 |
0,43 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
151.844,45 |
0,46 |
116.171,79 |
0,43 |
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 havoing operations reflected in the
‘Status of recognized income and expenses’ and that, for this reason, it has no
data.
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 1 /2) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
VALUE CHANGES ADJUSTMENT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
605.820,20 |
1.534.802,84 |
116.171,79 |
|
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
|
8.196,43 |
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
605.820,20 |
1.534.802,84 |
116.171,79 |
8.196,43 |
|
I. Total recognized income and expenses |
|
|
151.844,45 |
-131.160,72 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
124.368,22 |
-116.171,79 |
-8.196,43 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
605.820,20 |
1.659.171,06 |
151.844,45 |
-131.160,72 |
|
NET
WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
2.256.794,83 |
|
||
|
I. Adjustments by change of criteria in the exercise (2007) |
8.196,43 |
|
||
|
II. Adjustments by errors in the exercise (2007) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
2.264.991,26 |
|
||
|
I. Total recognized income and expenses |
20.683,73 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
2.285.674,99 |
|
||
CASH FLOW STATUS
Figures given in €
|
|
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
1. exercise result before taxes |
152.176,00 |
|
2. Results adjustments |
513.447,98 |
|
a) Amortization of fixed assets (+) |
350.653,44 |
|
d) Grants allocation (-) |
-130.301,54 |
|
e) Results for decline and disposal of fixed assets (+/-) |
24.898,75 |
|
f) Results for decline and disposal of financial instruments (+/-) |
-18.506,69 |
|
g) Financial income (-) |
-9.710,86 |
|
f) Financial expenses (+) |
310.784,31 |
|
i) Change difference (+/-) |
-14.369,43 |
|
3. Changes in current capital |
698.424,10 |
|
a) Stocks (+/-) |
-113.290,05 |
|
b) Debtors and other receivable accounts (+/-) |
326.737,46 |
|
d) Creditors and other payable accounts (+/-) |
-794.989,94 |
|
e) Other current liabilities (+/-) |
751.305,82 |
|
f) Other non-current assets and liabilities (+/-) |
528.660,81 |
|
4. Other cash flow coming from operating activities |
-246.079,01 |
|
a) Interests payments (-) |
-255.789,87 |
|
c) Interests collections (+) |
9.710,86 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
1.117.969,07 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
6. Investment payments (-) |
-1.051.560,23 |
|
b) Intangible assets |
-190.258,30 |
|
c) Tangible assets |
-227.711,53 |
|
e) Other financial assets |
-633.590,40 |
|
7. Disinvestment collections (+) |
|
|
8. Cash Flow in investment activities (6 + 7) |
-1.051.560,23 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
9. Net worth instruments collections and payments |
|
|
10. Financial liabilities instruments collections and payments |
|
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
|
|
D) Exchange rate variations effect |
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
66.408,84 |
|
Cash or equivalents at the beginning of the exercise |
419.735,66 |
|
Cash or equivalents at the end of the exercise |
486.144,50 |
RATIOS
|
|
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||
|
Working Capital (€) |
1.162.578,73 |
-22,12 |
1.492.692,04 |
|
Working capital ratio |
0,06 |
-14,29 |
0,07 |
|
Soundness Ratio |
1,99 |
-32,54 |
2,95 |
|
Average Collection Period (days) |
68 |
-31,27 |
99 |
|
Average Payment Period (days) |
194 |
-5,10 |
205 |
|
LIQUIDITY RATIOS |
|||
|
Current Ratio (%) |
106,40 |
-1,70 |
108,24 |
|
Quick Ratio (%) |
21,86 |
22,19 |
17,89 |
|
DEBT RATIOS |
|||
|
Borrowing percentage (%) |
5,10 |
-41,24 |
8,68 |
|
External Financing Average Cost |
0,30 |
150,00 |
0,12 |
|
Debt Service Coverage |
0,94 |
-74,32 |
3,66 |
|
Interest Coverage |
1,35 |
6,30 |
1,27 |
|
GENERAL AND ACTIVITIES RATIOS |
|||
|
Auto financing generated by sales (%) |
3,44 |
93,26 |
1,78 |
|
Auto financing generated by Assets (%) |
5,44 |
129,54 |
2,37 |
|
Breakdown Point |
1,01 |
0,00 |
1,01 |
|
Assets Turnover |
1,58 |
19,55 |
1,33 |
|
Inventory Turnover (days) |
126 |
-0,85 |
127 |
|
RESULTS RATIOS |
|||
|
Return on Assets (ROA) (%) |
2,05 |
55,30 |
1,32 |
|
Operating Profitability (%) |
3,75 |
20,19 |
3,12 |
|
Return on Equity (ROE) (%) |
6,30 |
23,53 |
5,10 |
SECTORIAL ANALYSIS
Balance Sheet and Financial
Balance
Figures expressed in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
5,91 |
18,76 |
-12,85 |
|
A) CURRENT ASSETS |
94,09 |
81,24 |
12,85 |
|
LIABILITIES |
|||
|
A) NET WORTH |
11,13 |
20,16 |
-9,04 |
|
B) NON CURRENT LIABILITIES |
0,44 |
7,38 |
-6,94 |
|
C) CURRENT LIABILITIES |
88,43 |
72,46 |
15,97 |
|
|
|
|
|
Analytical Account
of Results
Figures given in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,60 |
94,87 |
4,73 |
|
Other operating income |
0,40 |
5,13 |
-4,73 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-77,98 |
-81,70 |
3,72 |
|
Variation in stocks of finished goods and work in progress |
-0,60 |
19,04 |
-19,64 |
|
GROSS MARGIN |
21,42 |
37,34 |
-15,92 |
|
Other operating costs |
-18,99 |
-13,88 |
-5,11 |
|
Labour cost |
|
-19,06 |
|
|
GROSS OPERATING RESULT |
2,44 |
4,39 |
-1,95 |
|
Amortization of fixed assets |
-1,07 |
-1,90 |
0,83 |
|
Deterioration and result for fixed assets disposal |
|
0,65 |
|
|
Other expenses / income |
-0,08 |
|
|
|
NET OPERATING RESULT |
1,29 |
3,14 |
-1,85 |
|
Financial result |
-0,82 |
0,15 |
-0,97 |
|
RESULT BEFORE TAX |
0,47 |
3,30 |
-2,83 |
|
Taxes on profits |
0,00 |
-0,65 |
0,65 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,46 |
|
|
|
NET RESULT |
0,46 |
2,65 |
-2,19 |
Main Ratios
|
|
COMPANY (2008) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
1.162.578,73 |
-257.986,18 |
423.340,61 |
3.800.516,23 |
|
Working capital ratio |
0,06 |
-0,03 |
0,05 |
0,20 |
|
Soundness Ratio |
1,99 |
0,50 |
0,89 |
1,59 |
|
Average Collection Period (days) |
68 |
98 |
178 |
256 |
|
Average Payment Period (days) |
194 |
103 |
137 |
211 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
106,40 |
0,97 |
1,08 |
1,48 |
|
Quick Ratio (%) |
21,86 |
0,03 |
0,06 |
0,24 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
5,10 |
12,98 |
22,74 |
31,24 |
|
External Financing Average Cost |
0,30 |
0,04 |
0,06 |
0,10 |
|
Debt Service Coverage |
0,94 |
0,37 |
3,89 |
8,94 |
|
Interest Coverage |
1,35 |
-0,44 |
1,28 |
4,17 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
3,44 |
1,18 |
4,20 |
8,36 |
|
Auto financing generated by Assets (%) |
5,44 |
1,29 |
3,34 |
6,11 |
|
Breakdown Point |
1,01 |
0,98 |
1,04 |
1,04 |
|
Average Sales Volume per Employee |
|
118.187,00 |
182.564,41 |
250.672,19 |
|
Average Cost per Employee |
|
32.045,11 |
36.420,57 |
38.837,01 |
|
Assets Turnover |
1,58 |
0,70 |
0,95 |
1,29 |
|
Inventory Turnover (days) |
126 |
52 |
100 |
232 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,05 |
-1,66 |
2,52 |
5,37 |
|
Operating Profitability (%) |
3,75 |
0,35 |
3,02 |
8,86 |
|
Return on Equity (ROE) (%) |
6,30 |
2,15 |
13,22 |
20,05 |
ADDITIONAL INFORMATION
Consulted Sources
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
Telephone directory: PÁGINAS BLANCAS
This company has been consulted was last displayed on 31/01/2011,
41 times in the last quarter and 1.006 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.60 |
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.