MIRA
INFORM REPORT
|
Report Date : |
18.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
TRIENZU SL |
|
|
|
|
Registered Office : |
Lugar Palacion De Terienzu Seloriu 33316 Villaviciosa Asturias |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
25.04.2002 |
|
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|
|
Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
12.000,00 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
TRIENZU SL
TAX NUMBER: B74041047
Company situation: Active
EXECUTIVE
SUMMARY
Identification
Current Business Name: TRIENZU SL
Commercial Name: BEST HOME TRIENZU
Other names: YES
Current Address: LUGAR PALACION DE TERIENZU
SELORIU 33316 VILLAVICIOSA ASTURIAS
Branches: 1
Telephone number: 985260757 Fax: 985263586
Corporate e-mail: silvotatrienzu@trienzu.e.telefonica.net
Trade Risk
Credit Appraisal: 12.000,00
Incidents: YES
R.A.I.: NO
Bank and business defaults of payment - ASNEF INDUSTRIAL: NO
Financial Information
Latest sales known (2010): 550.000,00
(Estimated)
Balance sheet latest sales (2009): 489.256,33 (Trade Register)
Result: 19.468,18
Total Assets: 1.474.787,35
Social Capital: 746.100,00
Employees: 4
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 25/04/2002
Activity: Wholesale of household appliances
NACE 2009 CODE: 4644
International Operations: Imports
Corporate Structure
Sole Administrator:
Other Complementary Information
Latest filed accounts published in the Mercantile Register: 2009
Type of Accounts available at the Mercantile Register: Individuals
Latest act published in BORME: 20/09/2010 Annual Filed Accounts
Latest press article: No press articles
Bank Entities: There are
TRADE
RISK
Credit Appraisal
Maximum Credit
(from 0 to
6,000,000 )
Favourable to 12.000,00
Financial Situation
Exercise:2009
|
Treasury |
Limited |
|
Indebtedness |
Very Heavy |
|
Profitability |
Average |
|
Balance |
Very Degraded |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Acceptable |
Summary
LEGAL ACTIONS: No legal actions.
ADMINISTRATIVE CLAIMS: 1 ( Last:16/02/2010 )
|
|
|
|
|
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.
Seizures
|
DATE |
ORGANIZATION |
AMOUNT |
|
16/02/2010 |
TOWN/ CITY HALL DE SANTANDER |
|
Detail of the Latest Administrative Claims
Figures expressed in
Seizures
WITH OTHER OFFICIAL BODIES.
Phase: SEIZURE
Organization: TOWN/ CITY HALL DE SANTANDER
Concept: Tax on activities
Date of the claim: 16/02/2010
Source: Published in the Gazette of CANTABRIA, on 05/03/2010, page 7.545
BANK AND BUSINESS DEFAULTS OF PAYMENT - ASNEF INDUSTRIAL
Summary
COMPANY NOT REGISTERED IN ASNEF INDUSTRIAL
There are no information on the nif/cif provided in
the Asnef Industrial file
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
14/03/2011 08:03:41
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 |
70.038,56 |
4,75 |
97.588,72 |
7,03 |
39.221,83 |
3,23 |
|
B) CURRENT ASSETS |
1.404.748,79 |
95,25 |
1.290.236,60 |
92,97 |
1.173.829,26 |
96,77 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
-133.262,10 |
-9,04 |
-86.526,16 |
-6,23 |
-25.766,39 |
-2,12 |
|
B) NON CURRENT LIABILITIES |
46.402,08 |
3,15 |
344.908,97 |
24,85 |
459.898,09 |
37,91 |
|
C) CURRENT LIABILITIES |
1.561.647,37 |
105,89 |
1.129.442,51 |
81,38 |
778.919,39 |
64,21 |
Profit and Loss Account Analysis
Figures given in
|
|
2010 ESTIMATED |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
550.000,00 |
489.256,33 |
|
452.916,64 |
|
|
GROSS MARGIN |
|
286.710,09 |
58,60 |
237.844,99 |
52,51 |
|
EBITDA |
|
-28.784,04 |
-5,88 |
-60.747,38 |
-13,41 |
|
EBIT |
|
-49.844,80 |
-10,19 |
-91.080,69 |
-20,11 |
|
NET RESULT |
|
19.468,18 |
3,98 |
-77.143,93 |
-17,03 |
|
EFFECTIVE TAX RATE (%) |
|
25,00 |
|
-27,81 |
|
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
4,75 |
30,14 |
-25,39 |
|
|
|
|
|
A) CURRENT ASSETS |
95,25 |
69,86 |
25,39 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
-9,04 |
34,75 |
-43,79 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
3,15 |
14,45 |
-11,30 |
|
|
|
|
|
C) CURRENT LIABILITIES |
105,89 |
50,80 |
55,09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
99,96 |
98,80 |
1,15 |
|
|
|
|
|
GROSS MARGIN |
58,58 |
36,32 |
22,25 |
|
|
|
|
|
EBITDA |
-5,88 |
6,94 |
-12,82 |
|
|
|
|
|
EBIT |
-10,18 |
4,91 |
-15,09 |
|
|
|
|
|
NET RESULT |
3,98 |
2,66 |
1,31 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4644
Number of companies: 253
Size (Sales Figure): 0 - 2,800,000.00 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 |
19.468,18 |
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 |
19.468,18 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
19.468,18 |
|
|
|
Application total |
19.468,18 |
ADDRESSES
Current Legal Seat Address:
LUGAR PALACION DE TERIENZU
SELORIU 33316 VILLAVICIOSA
Characteristics of the current address
Type of establishment: store
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE PEΡA SALON (PG |
33424 |
LLANERA |
|
CORPORATE
STRUCTURE
ADMINISTRATIVE LINKS
Main Board members, Directors and Auditor
|
POSITION |
NAME AND SURNAME |
APPOINTMENT DATE |
|
SOLE ADMINISTRATOR |
RIVERA RIVERA ROBERTO |
11/01/2006 |
Board members remuneration
Source: Annual
financial report 2009
Board
members remuneration: 16.231,68
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
RIVERA RIVERA ROBERTO |
|
Indef. |
OWN SOURCES |
14/02/2011 |
|
|
RIVERA RIVERA ANGEL |
|
Indef. |
OWN SOURCES |
14/02/2011 |
CREDIT
INFORMATION
Incorporation date: 25/04/2002
NACE 2009 CODE: 4644
NACE 2009 Activity: Wholesale of china and glassware and cleaning
materials
Business: IMPORT, EXPORT
AND WHOLESALE BEAUTY
PRODUCTS, HOUSEHOLD PARAEL Dely, lingerie, gifts, textiles,
clothing, footwear, leather, perfumery, MAINTENANCE
AND OPERATION OF
THE HOME, AND SERVICE D
Latest employees figure: 4 (2011)
% of fixed employees: 80,00%
% of temporary employees: 20,00%
% of men:
% of women:
Employees evolution
|
|
|
|
Source: Annual financial report 2009
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Administrative employees |
1 |
|
|
|
Sales representatives and similar |
3 |
|
|
|
Non qualified employees |
1 |
|
|
PURCHASES
Import Percentage: 91%
Imports from:
National Distribution: 9%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
|
NO |
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
REGALOS MAHO |
NO |
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAJA DE AHORROS DE |
0001 |
|
|
|
|
BANCO ESPAΡOL DE CREDITO, S.A. |
|
|
|
|
Brand name: YDRATRIENZ (Valid)
Type: JOINT Scope: NATIONAL Date: 11/04/2008
Brand name: BEST HOME TRIENZU (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 12/04/2006
LEGAL STRUCTURE
Constitution Data
Register Date: 25/04/2002
Register town:
Announcement number: 283453
Social Capital: 3.100
Legal form: Limited Liability Company
Social Capital: 746.100,00
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: 3 (Last: 11/01/2006, first:
02/07/2002)
Acts on capital: 1 (Last: 03/02/2010)
Acts on creation: 1 (Last: 02/07/2002)
Acts on filed accounts: 8 (Last: 20/09/2010, first:
04/09/2003)
Acts on identification: 0
Acts on Information: 1 (Last: 03/02/2010)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Modification of the Articles of Association |
03/02/2010 |
43480 |
|
|
Capital enlargement |
03/02/2010 |
43480 |
|
|
Appointments |
11/01/2006 |
14363 |
|
|
Resignations |
11/01/2006 |
14363 |
|
|
Appointments |
02/07/2002 |
283453 |
|
|
Constitution |
02/07/2002 |
283453 |
|
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
20/09/2010 |
582117 |
|
|
Annual Filed Accounts (2008) |
22/09/2009 |
446753 |
|
|
Annual Filed Accounts (2007) |
23/09/2008 |
617179 |
|
Press articles
No press articles
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 28/09/2010.
The shaded amounts in the following financial statements have been
converted to the norms established in the PGC2007 derived from RD 1514/2007 and
1515/2007, this way comparatives could be shown with the amounts of exercises
initiated from 1/01/08.
This theoretical conversion
exercise has been carried out from the financial statements contained in the
accounting information presented on the Trade Register, and elaborated under
the accounting norms and principles collected in PGC90 derived from RD
1643/1990, not taking into account any other type of information; for
this reason the conversion exercise could include certain inaccuracies.
SITUATION BALANCE-SHEET
Assets
Figures given in
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
70.038,56 |
4,75 |
97.588,72 |
7,03 |
39.221,83 |
3,23 |
|
I. Intangible assets |
427,93 |
0,03 |
568,38 |
0,04 |
708,83 |
0,06 |
|
II. Tangible fixed assets |
46.328,44 |
3,14 |
67.248,75 |
4,85 |
38.458,39 |
3,17 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
|
|
|
|
54,61 |
0,00 |
|
V. Long Term Financial Investments |
54,61 |
0,00 |
54,61 |
0,00 |
|
|
|
VI. Assets by deferred taxes |
23.227,58 |
1,57 |
29.716,98 |
2,14 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.404.748,79 |
95,25 |
1.290.236,60 |
92,97 |
1.173.829,26 |
96,77 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
823.450,50 |
55,84 |
837.386,20 |
60,34 |
781.839,00 |
64,45 |
|
III. Trade Debtors and other receivable
accounts |
564.542,55 |
38,28 |
421.032,70 |
30,34 |
344.017,01 |
28,36 |
|
1. Clients |
564.542,48 |
38,28 |
416.305,34 |
30,00 |
|
|
|
b) Clients for sales and
short term services rendering |
564.542,48 |
38,28 |
416.305,34 |
30,00 |
|
|
|
3. Other debtors |
0,07 |
0,00 |
4.727,36 |
0,34 |
|
|
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
16.755,74 |
1,14 |
31.817,70 |
2,29 |
47.973,25 |
3,95 |
|
TOTAL ASSETS (A + B) |
1.474.787,35 |
100,00 |
1.387.825,32 |
100,00 |
1.213.051,09 |
100,00 |
Alerts associated to the conversion to PGC2007
In
the conversion process of financial statements of the accounts formulation
exercise to PGC2007 there could not be identified and, this way reclassify Assets
by deferred taxes within the Non current assets that under PGC90 were,
generally, classified in the short term, in accordance with its reversion
foreseen date, and it is collected in the item 11600 Assets by deferred
taxes.
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 |
-133.262,10 |
-9,04 |
-86.526,16 |
-6,23 |
-25.766,39 |
-2,12 |
|
A-1) Equity |
-133.262,10 |
-9,04 |
-86.526,16 |
-6,23 |
-72.109,27 |
-5,94 |
|
I. Capital |
3.100,00 |
0,21 |
3.100,00 |
0,22 |
3.100,00 |
0,26 |
|
1. Authorized capital |
3.100,00 |
0,21 |
3.100,00 |
0,22 |
3.100,00 |
0,26 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
|
|
62.727,04 |
4,52 |
|
|
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-155.830,28 |
-10,57 |
-75.209,27 |
-5,42 |
-99.516,34 |
-8,20 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
19.468,18 |
1,32 |
-77.143,93 |
-5,56 |
24.307,07 |
2,00 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
46.342,88 |
3,82 |
|
B) NON CURRENT LIABILITIES |
46.402,08 |
3,15 |
344.908,97 |
24,85 |
459.898,09 |
37,91 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
46.402,08 |
3,15 |
344.908,97 |
24,85 |
|
|
|
1. Debts with bank entities |
46.402,08 |
3,15 |
70.683,29 |
5,09 |
|
|
|
3. Other long term debts |
|
|
274.225,68 |
19,76 |
|
|
|
III. Long term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
1.561.647,37 |
105,89 |
1.129.442,51 |
81,38 |
778.919,39 |
64,21 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
743.430,82 |
50,41 |
466.199,65 |
33,59 |
|
|
|
3. Other short term debts |
743.430,82 |
50,41 |
466.199,65 |
33,59 |
|
|
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable
accounts |
818.216,55 |
55,48 |
663.242,86 |
47,79 |
|
|
|
1. Suppliers |
776.680,32 |
52,66 |
639.206,61 |
46,06 |
|
|
|
a) Long term suppliers |
776.680,32 |
52,66 |
639.206,61 |
46,06 |
|
|
|
2. Other creditors |
41.536,23 |
2,82 |
24.036,25 |
1,73 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
1.474.787,35 |
100,00 |
1.387.825,32 |
100,00 |
1.213.051,09 |
100,00 |
Alerts associated to the conversion to PGC2007
The
Valuation norms applicable to Subventions have changed substantially and, for
this reason, the conversion of financial statements of the formulation exercise
of the accounts to PGC2007 could include notable inaccuracies
The
Valuation norms applicable to Long Term Creditors have changed substantially
and, for this reason, the conversion of financial statements of the formulation
exercise of the accounts to PGC2007 could include notable inaccuracies.
The Valuation norms applicable to
Short Term Creditors have changed and, for this reason, the conversion of
financial statements of the formulation exercise of the accounts to PGC2007
could include notable inaccuracies.
PROFIT AND LOSS ACCOUNT
Figures given in
|
|
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
31/12/2007 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
489.256,33 |
99,96 |
452.916,64 |
96,15 |
567.889,45 |
99,95 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-202.762,24 |
-41,42 |
-233.223,35 |
-49,51 |
-303.198,01 |
-53,36 |
|
5. Other operating income |
216,00 |
0,04 |
18.151,70 |
3,85 |
298,12 |
0,05 |
|
6. Labour cost |
-146.470,80 |
-29,92 |
-131.950,74 |
-28,01 |
-91.098,89 |
-16,03 |
|
7. Other operating costs |
-169.023,33 |
-34,53 |
-166.641,63 |
-35,38 |
-126.490,30 |
-22,26 |
|
8. Amortization of fixed assets |
-21.060,76 |
-4,30 |
-16.906,07 |
-3,59 |
-13.228,48 |
-2,33 |
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed
assets disposal |
|
|
-13.427,24 |
-2,85 |
|
|
|
12. Negative difference of business
combinations |
|
|
|
|
|
|
|
13. Other results |
|
|
|
|
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6
+ 7 + 8 + 9 + 10 + 11 + 12 + 13) |
-49.844,80 |
-10,18 |
-91.080,69 |
-19,33 |
34.171,89 |
6,01 |
|
14. Financial income |
0,18 |
0,00 |
0,40 |
0,00 |
1,81 |
0,00 |
|
b) Other financial income |
0,18 |
0,00 |
0,40 |
0,00 |
1,81 |
0,00 |
|
15. Financial expenses |
-28.478,00 |
-5,82 |
-40.146,99 |
-8,52 |
-50.628,00 |
-8,91 |
|
16. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
104.280,20 |
21,30 |
24.366,37 |
5,17 |
40.761,37 |
7,17 |
|
18. Deterioration and result for disposal
of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 +
18 + 19) |
75.802,38 |
15,49 |
-15.780,22 |
-3,35 |
-9.864,82 |
-1,74 |
|
C) RESULT BEFORE TAXES (A + B) |
25.957,58 |
5,30 |
-106.860,91 |
-22,68 |
24.307,07 |
4,28 |
|
20. Taxes on profits |
-6.489,40 |
-1,33 |
29.716,98 |
6,31 |
|
|
|
D) EXERCISE RESULT (C + 20) |
19.468,18 |
3,98 |
-77.143,93 |
-16,38 |
24.307,07 |
4,28 |
Alerts associated to the conversion to PGC2007
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 SMEs model (PYMES),
the Net Worth Changes Status is formed by a single table. For the rest of the
cases there would be shown the two tables corresponding to the mentioned status
with the exception of the company not having operations reflected in the
Status of recognized income and expenses and that, for this reason, it has no
data.
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 1 /2) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
3.100,00 |
|
-99.516,34 |
24.307,07 |
|
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) |
3.100,00 |
|
-99.516,34 |
24.307,07 |
|
I. Total recognized income and expenses |
|
|
|
-77.143,93 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
62.727,04 |
24.307,07 |
-24.307,07 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.100,00 |
62.727,04 |
-75.209,27 |
-77.143,93 |
|
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) |
3.100,00 |
62.727,04 |
-75.209,27 |
-77.143,93 |
|
I. Total recognized income and expenses |
|
|
|
19.468,18 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
-66.204,12 |
-77.143,93 |
77.143,93 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.100,00 |
-3.477,08 |
-152.353,20 |
19.468,18 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
-72.109,27 |
|
||
|
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) |
-72.109,27 |
|
||
|
I. Total recognized income and expenses |
-77.143,93 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
62.727,04 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-86.526,16 |
|
||
|
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) |
-86.526,16 |
|
||
|
I. Total recognized income and expenses |
19.468,18 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
-66.204,12 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
-133.262,10 |
|
||
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
-156.898,58 |
-197,58 |
160.794,09 |
-59,28 |
394.909,87 |
|
Working capital ratio |
-0,11 |
-191,67 |
0,12 |
-63,64 |
0,33 |
|
Soundness Ratio |
-1,90 |
-113,48 |
-0,89 |
51,63 |
-1,84 |
|
Average Collection Period (days) |
415 |
24,09 |
335 |
53,47 |
218 |
|
Average Payment Period (days) |
792 |
32,67 |
597 |
|
|
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
89,95 |
-21,26 |
114,24 |
-24,19 |
150,70 |
|
Quick Ratio (%) |
1,07 |
-62,06 |
2,82 |
-54,22 |
6,16 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
53,56 |
-8,37 |
58,44 |
|
|
|
External Financing Average Cost |
0,04 |
-20,00 |
0,05 |
|
|
|
Debt Service Coverage |
19,49 |
244,80 |
-13,46 |
|
|
|
Interest Coverage |
-1,75 |
22,91 |
-2,27 |
-433,82 |
0,68 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
8,28 |
162,26 |
-13,30 |
-301,21 |
6,61 |
|
Auto financing generated by Assets (%) |
2,75 |
163,36 |
-4,34 |
-240,45 |
3,09 |
|
Breakdown Point |
0,91 |
9,64 |
0,83 |
-21,70 |
1,06 |
|
Average Sales Volume per Employee |
97.851,27 |
2,62 |
95.350,87 |
-66,42 |
283.944,72 |
|
Average Cost per Employee |
29.294,16 |
5,45 |
27.779,10 |
-39,01 |
45.549,44 |
|
Assets Turnover |
0,33 |
0,00 |
0,33 |
-29,79 |
0,47 |
|
Inventory Turnover (days) |
1.462 |
13,12 |
1.292 |
39,20 |
928 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
-3,38 |
48,48 |
-6,56 |
-332,62 |
2,82 |
|
Operating Profitability (%) |
-1,95 |
69,10 |
-6,31 |
-261,38 |
3,91 |
|
Return on Equity (ROE) (%) |
-19,48 |
-115,77 |
123,50 |
466,36 |
-33,71 |
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 |
4,75 |
30,14 |
-25,39 |
|
A) CURRENT ASSETS |
95,25 |
69,86 |
25,39 |
|
LIABILITIES |
|||
|
A) NET WORTH |
-9,04 |
34,75 |
-43,79 |
|
B) NON CURRENT LIABILITIES |
3,15 |
14,45 |
-11,30 |
|
C) CURRENT LIABILITIES |
105,89 |
50,80 |
55,09 |
|
|
|
|
|
Analytical Account of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,96 |
98,80 |
1,15 |
|
Other operating income |
0,04 |
1,20 |
-1,16 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-41,42 |
-63,68 |
22,26 |
|
Variation in stocks of finished goods and
work in progress |
|
0,00 |
|
|
GROSS MARGIN |
58,58 |
36,32 |
22,26 |
|
Other operating costs |
-34,53 |
-14,03 |
-20,50 |
|
Labour cost |
-29,92 |
-16,32 |
-13,60 |
|
GROSS OPERATING RESULT |
-5,88 |
5,98 |
-11,86 |
|
Amortization of fixed assets |
-4,30 |
-1,81 |
-2,49 |
|
Deterioration and result for fixed assets
disposal |
|
0,74 |
|
|
NET OPERATING RESULT |
-10,18 |
4,91 |
-15,09 |
|
Financial result |
15,49 |
-1,42 |
16,91 |
|
RESULT BEFORE TAX |
5,30 |
3,49 |
1,81 |
|
Taxes on profits |
-1,33 |
-0,83 |
-0,50 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
3,98 |
|
|
|
NET RESULT |
3,98 |
2,66 |
1,32 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
-156.898,58 |
9.495,27 |
73.727,72 |
210.172,85 |
|
Working capital ratio |
-0,11 |
0,04 |
0,19 |
0,40 |
|
Soundness Ratio |
-1,90 |
0,66 |
1,52 |
4,03 |
|
Average Collection Period (days) |
415 |
39 |
69 |
108 |
|
Average Payment Period (days) |
792 |
0 |
0 |
0 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
89,95 |
1,05 |
1,34 |
1,94 |
|
Quick Ratio (%) |
1,07 |
0,03 |
0,16 |
0,47 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
53,56 |
0,00 |
0,00 |
0,00 |
|
External Financing Average Cost |
0,04 |
|
|
|
|
Debt Service Coverage |
19,49 |
0,00 |
0,00 |
0,00 |
|
Interest Coverage |
-1,75 |
1,12 |
2,42 |
8,03 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
8,28 |
1,82 |
3,31 |
5,35 |
|
Auto financing generated by Assets (%) |
2,75 |
2,51 |
4,56 |
8,10 |
|
Breakdown Point |
0,91 |
1,01 |
1,03 |
1,06 |
|
Average Sales Volume per Employee |
97.851,27 |
93.305,68 |
138.364,48 |
192.855,40 |
|
Average Cost per Employee |
29.294,16 |
17.798,52 |
22.238,83 |
28.314,64 |
|
Assets Turnover |
0,33 |
0,88 |
1,42 |
2,07 |
|
Inventory Turnover (days) |
1.462 |
32 |
86 |
207 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
-3,38 |
1,64 |
3,95 |
7,44 |
|
Operating Profitability (%) |
-1,95 |
3,61 |
6,75 |
10,71 |
|
Return on Equity (ROE) (%) |
-19,48 |
3,70 |
10,47 |
23,98 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.24 |
|
|
1 |
Rs.72.57 |
|
Euro |
1 |
Rs.63.00 |
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 SCs 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.