MIRA INFORM REPORT
|
Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
NUEVO BORGIA S.A. |
|
|
|
|
Registered Office : |
Calle Cinca, 23 28002 Madrid |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.03.2009 |
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Joint stock Company |
|
|
|
|
Line of Business : |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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) |
|
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
NUEVO BORGIA S.A.
TAX NUMBER: A82201591
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: NUEVO BORGIA S.A.
Other names: NO
Current Address: CALLE CINCA, 23
Branches: 2
Telephone number: 918487440 Fax: 918436225
Corporate e-mail: nuevoborgia@telefonica.net
Trade Risk
Credit Appraisal: Caution suggested
Incidents: NO
R.A.I.: NO
Bank and business defaults of payment - ASNEF EMPRESAS: NO
Financial Information
Latest sales known (2011): 3.401.020,00
€ (Forecast)
Balance sheet latest sales (2009): 3.786.748,73 € (Trade Register)
Result: 25.661,9 €
Total Assets: 10.393.888,77 €
Social Capital: 120.000,00 €
Employees: 18
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 21/01/1999
Activity: Retail sale of household equipment
NACE 2009 CODE: 4759
International Operations: Imports and Exports
Corporate Structure
Sole Administrator:
USSIA MUNOZ
SECA, FRANCISCO JAVIER
Parent Company:
USSIA MUNOZ
SECA FRANCISCO JAVIER
Participations: 1
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: 15/02/2011 Annual Filed Accounts
Latest press article: No press articles registered for this
company
Bank Entities: There are
The date when this report was last updated is 17/05/2011.
The information contained in this report has been investigated and
contrasted on 17/05/2011
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Caution suggested
Financial Situation
Exercise:2009
|
Treasury |
Tense |
|
Indebtedness |
Heavy |
|
Profitability |
Null |
|
Balance |
Degraded |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
With exceptions |
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
12/05/2011 08:05:45
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 €
|
|
31/03/2009 (12) BALANCE SHEET |
% ASSETS |
31/03/2008 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
A) NON CURRENT ASSETS |
5.711.190,22 |
54,95 |
6.023.479,12 |
60,53 |
|
B) CURRENT ASSETS |
4.682.698,55 |
45,05 |
3.928.044,50 |
39,47 |
|
LIABILITIES |
|
|
|
|
|
A) NET WORTH |
935.461,11 |
9,00 |
909.799,21 |
9,14 |
|
B) NON CURRENT LIABILITIES |
4.295.184,03 |
41,32 |
4.538.857,26 |
45,61 |
|
C) CURRENT LIABILITIES |
5.163.243,63 |
49,68 |
4.502.867,15 |
45,25 |
Profit and Loss
Account Analysis
Figures given in €
|
|
2011 FORECAST |
2010 ESTIMATED |
31/03/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/03/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
3.401.020,00 |
3.400.000,00 |
3.786.748,73 |
|
3.453.035,90 |
|
|
GROSS MARGIN |
|
|
1.507.036,39 |
39,80 |
1.492.898,84 |
43,23 |
|
EBITDA |
|
|
763.333,30 |
20,16 |
654.574,05 |
18,96 |
|
EBIT |
|
|
409.768,60 |
10,82 |
479.319,15 |
13,88 |
|
NET RESULT |
|
|
25.661,90 |
0,68 |
55.452,02 |
1,61 |
|
EFFECTIVE TAX RATE (%) |
|
|
25,00 |
|
25,00 |
|
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
||
|
A) NON CURRENT ASSETS |
54,95 |
41,04 |
13,90 |
|
|
|
|
|
A) CURRENT ASSETS |
45,05 |
58,96 |
-13,90 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
||
|
A) NET WORTH |
9,00 |
39,74 |
-30,74 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
41,32 |
16,48 |
24,84 |
|
|
|
|
|
C) CURRENT LIABILITIES |
49,68 |
43,78 |
5,90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
98,87 |
1,13 |
|
|
|
|
|
GROSS MARGIN |
39,80 |
35,10 |
4,69 |
|
|
|
|
|
EBITDA |
20,16 |
6,46 |
13,70 |
|
|
|
|
|
EBIT |
10,82 |
4,43 |
6,39 |
|
|
|
|
|
NET RESULT |
0,68 |
2,77 |
-2,09 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4759
Number of companies: 267
Size (Sales Figure): 2,800,000.00 - 7,000,000.00 Euros
OTHER DATA FROM THE ANNUAL
FINANCIAL REPORT
Results
Distribution
Source: annual financial report 2009
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
25.661,90 |
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 |
25.661,90 |
|
Total of Amounts to be distributed |
25.661,90 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
25.661,90 |
company ADDRESSES
Current Legal Seat Address:
CALLE CINCA, 23
28002 MADRID
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
POLIGONO INDUSTRIAL SUR (CR A-1), - SALIDA 30 NAVE
INBISA |
28750 |
SAN AGUSTIN DEL GUADALIX |
Madrid |
|
CALLE LANZAROTE (- PG IND DEL NORTE), 1 - -
7. NAVE 28 |
28703 |
SAN SEBASTIAN DE LOS REYES |
Madrid |
There are 2 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
19/05/2009)
Other Positions : 2 (latest change: 21/11/2008)
Operative Board Members : 6 (latest change: 04/05/2011)
Non-current positions : 1 (latest change: 07/07/2009)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
USSIA MUNOZ SECA, FRANCISCO JAVIER |
19/05/2009 |
|
|
|
|
There are 3 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2009
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
USSIA MUNOZ SECA, FRANCISCO JAVIER |
|
Financial Manager |
ASENJO SALVADOR, JAVIER |
|
Human Resources Director |
ASENJO SALVADOR, JAVIER |
|
Commercial Director |
USSIA MUNOZ SECA, FRANCISCO JAVIER |
|
Exports Director |
MARTINEZ ALMEIDA, OTILIA |
|
Imports Director |
MARTINEZ ALMEIDA, OTILIA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
USSIA MUNOZ SECA FRANCISCO JAVIER |
|
100,00 |
OWN SOURCES |
17/05/2011 |
There are 1 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
QUAINT AND QUALITY S.L. |
B82402991 |
100,00 |
OWN SOURCES |
11/02/2011 |
There are 1 direct financial links through participations
registered
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”FRANCISCO JAVIER USSIA MUNOZ SECA”
|
COMPANY |
POSITION |
PROVINCE |
|
QUAINT AND QUALITY S.L. |
Administrador Único |
MADRID |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”NUEVO BORGIA”
URL: www.hotfrog.es
NUEVO BORGIA SA NUEVO BORGIA SA MADRID, perfil corporativo y
artículos de productos.
URL: www.onesource.com
Nuevo Borgia Sa Information and Details Get company
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OneSource Free Directory.
BUSINESS INFORMATION
Incorporation date: 21/01/1999
Activity: Retail sale of household equipment
NACE 2009 CODE: 4759
NACE 2009 Activity: Retail sale of furniture, lighting equipment
and other household articles in specialised stores
Business: LA IMPORTACION EXPORTACION COMPRA Y VENTA AL POR
MAYOR O AL POR MENOR DE REGALOS TEXTILES MUEBLES PRODUCTOS CERAMICOS METALICOS
DE MADERA VIDRIO CRISTAL Y PLASTICO APARATOS ELECTRICOS Y DE ILUMINACION Y
OBJETOS DECORACIO
Activity description: Venta al menor de articulos de decoracion.
Latest employees figure: 18 (2011)
% of fixed employees: 88,89%
% of temporary employees: 11,11%
Employees
evolution
|
|
|
|
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO POPULAR ESPAÑOL, S.A. |
|
|
SAN SEBASTIAN DE LOS REYES |
|
|
CAJA DE AHORROS Y M.P. DE MADRID |
|
|
SAN SEBASTIAN DE LOS REYES |
|
|
BANKINTER, S.A. |
|
|
SAN SEBASTIAN DE LOS REYES |
|
|
CAJA DE AHORROS Y PENSIONES DE BARCELONA |
|
|
SAN SEBASTIAN DE LOS REYES |
|
|
BANCO PASTOR, S.A. |
|
|
SAN SEBASTIAN DE LOS REYES |
|
There are 6 bank entities registered
LEGAL STRUCTURE
Constitution Data
Register Date: 21/01/1999
Register town: Madrid
Announcement number: 67050
Legal form: Joint-stock Company
Social Capital: 120.000,00 €
Paid-up capital: 120.000,00 €
Legal Aspects
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: 7 (Last: 07/07/2009, first:
23/02/1999)
Acts on capital: 1 (Last: 17/06/1999)
Acts on creation: 1 (Last: 23/02/1999)
Acts on filed accounts: 12 (Last: 15/02/2011, first:
13/12/1999)
Acts on identification: 0
Acts on Information: 0
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Resignations |
07/07/2009 |
304648 |
Madrid |
|
Re-elections |
19/05/2009 |
226841 |
Madrid |
|
Appointments |
21/11/2008 |
533943 |
Madrid |
|
Re-elections |
07/06/2004 |
259702 |
Madrid |
|
Appointments |
21/09/2000 |
332833 |
Madrid |
|
Appointments |
21/09/2000 |
332832 |
Madrid |
|
Capital enlargement |
17/06/1999 |
215529 |
Madrid |
|
Appointments |
23/02/1999 |
67050 |
Madrid |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
15/02/2011 |
75446 |
Madrid |
|
Annual Filed Accounts (2009) |
31/12/2009 |
1072013 |
Madrid |
|
Annual Filed Accounts (2008) |
04/12/2008 |
1172703 |
Madrid |
There are 21 acts registered
Press articles
No press articles registered for this company
Complementary Information
Financial Information
El balance cerrado a 31/03/1999 (Depósito 2000) está disponible en
INFORMA, pero no ha sido cargado por tener una duración inferior a tres meses.
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 19/08/2010.
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.
SITUATIOBALANCE-SHEET
Assets
Figures given in €
|
|
31/03/2009 (12) |
% ASSETS |
31/03/2008 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
5.711.190,22 |
54,95 |
6.023.479,12 |
60,53 |
|
I. Intangible assets |
8.418,43 |
0,08 |
5.700.723,90 |
57,28 |
|
II. Tangible fixed assets |
5.683.697,78 |
54,68 |
303.681,21 |
3,05 |
|
III. Real-estate investments |
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
3.006,00 |
0,03 |
19.074,01 |
0,19 |
|
V. Long Term Financial Investments |
16.068,01 |
0,15 |
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
B) CURRENT ASSETS |
4.682.698,55 |
45,05 |
3.928.044,50 |
39,47 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
II. Stocks |
3.994.529,19 |
38,43 |
2.589.241,93 |
26,02 |
|
III. Trade Debtors and other receivable accounts |
554.617,40 |
5,34 |
1.267.135,94 |
12,73 |
|
1. Clients |
400.261,86 |
3,85 |
|
|
|
b) Clients for sales and short term services
rendering |
400.261,86 |
3,85 |
|
|
|
3. Other debtors |
154.355,54 |
1,49 |
|
|
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
V. Short term financial investments |
7.384,10 |
0,07 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
VII. Cash and equivalents |
126.167,86 |
1,21 |
71.666,63 |
0,72 |
|
TOTAL ASSETS (A + B) |
10.393.888,77 |
100,00 |
9.951.523,62 |
100,00 |
Alerts associated to the conversion to PGC2007
In the conversion process it has not
been possible to identify the existence of Goodwill nor of goods obtained
through leasing; for this reason the result of the conversion of the financial
statements of the accounts formulation exercise to PGC2007 could include
notable inaccuracies.
Net Worth and
Liabilities
Figures given in €
|
|
31/03/2009 (12) |
% ASSETS |
31/03/2008 (12) |
% ASSETS |
|
A) NET WORTH |
935.461,11 |
9,00 |
909.799,21 |
9,14 |
|
A-1) Equity |
935.461,11 |
9,00 |
909.799,21 |
9,14 |
|
I. Capital |
120.000,00 |
1,15 |
120.000,00 |
1,21 |
|
1. Authorized capital |
120.000,00 |
1,15 |
120.000,00 |
1,21 |
|
II. Issue premium |
|
|
|
|
|
III. Reserves |
789.799,21 |
7,60 |
734.347,19 |
7,38 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
VII. Exercise Result |
25.661,90 |
0,25 |
55.452,02 |
0,56 |
|
VIII. (Interim dividend) |
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
4.295.184,03 |
41,32 |
4.538.857,26 |
45,61 |
|
I. Long term provisions |
|
|
|
|
|
II. Long term debts |
4.295.184,03 |
41,32 |
|
|
|
2. Financial leasing creditors |
4.283.392,68 |
41,21 |
|
|
|
3. Other long term debts |
11.791,35 |
0,11 |
|
|
|
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 |
5.163.243,63 |
49,68 |
4.502.867,15 |
45,25 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
III. Short term debts |
4.036.560,87 |
38,84 |
|
|
|
1. Debts with bank entities |
1.305.502,57 |
12,56 |
|
|
|
2. Financial leasing creditors |
530.626,06 |
5,11 |
|
|
|
3. Other short term debts |
2.200.432,24 |
21,17 |
|
|
|
IV. Short term debts with associated and affiliated companies |
774.708,49 |
7,45 |
|
|
|
V. Trade creditors and other payable accounts |
351.974,27 |
3,39 |
|
|
|
1. Suppliers |
93.474,83 |
0,90 |
|
|
|
b) Short term suppliers |
93.474,83 |
0,90 |
|
|
|
2. Other creditors |
258.499,44 |
2,49 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
10.393.888,77 |
100,00 |
9.951.523,62 |
100,00 |
Alerts associated to the conversion to PGC2007
The Valuation norms applicable to “Long
Term Creditors” have changed substantially and, for this reason, the conversion
of financial statements of the formulation exercise of the accounts to PGC2007
could include notable inaccuracies.
In the conversion process there has
been estimated that the total item “Deferred Expenses”, for the amount of %1 in
the financial statements of the accounts formulation exercise, are associated
with long term indebtedness.
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 €
|
|
31/03/2009 (12) |
%OPERATING INCOME |
31/03/2008 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
3.786.748,73 |
100,00 |
3.453.035,90 |
99,40 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
4. Supplies |
-2.279.712,34 |
-60,20 |
-1.980.942,02 |
-57,02 |
|
5. Other operating income |
|
|
20.804,96 |
0,60 |
|
6. Labour cost |
-440.572,70 |
-11,63 |
-409.934,49 |
-11,80 |
|
7. Other operating costs |
-302.147,29 |
-7,98 |
-428.390,30 |
-12,33 |
|
8. Amortization of fixed assets |
-353.564,70 |
-9,34 |
-175.254,90 |
-5,04 |
|
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 |
-983,10 |
-0,03 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
409.768,60 |
10,82 |
479.319,15 |
13,80 |
|
14. Financial income |
39.148,25 |
1,03 |
67,78 |
0,00 |
|
b) Other financial income |
39.148,25 |
1,03 |
67,78 |
0,00 |
|
15. Financial expenses |
-414.700,98 |
-10,95 |
-382.737,35 |
-11,02 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
17. Exchange differences |
|
|
-22.713,55 |
-0,65 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-375.552,73 |
-9,92 |
-405.383,12 |
-11,67 |
|
C) RESULT BEFORE TAXES (A + B) |
34.215,87 |
0,90 |
73.936,03 |
2,13 |
|
20. Taxes on profits |
-8.553,97 |
-0,23 |
-18.484,01 |
-0,53 |
|
D) EXERCISE RESULT (C + 20) |
25.661,90 |
0,68 |
55.452,02 |
1,60 |
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
Figures given in €
|
NET WORTH CHANGES (1/2) |
31/03/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
25.661,90 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
I. For valuation of financial instruments |
|
|
II. Cash flow coverage |
|
|
III. Received legacies, grants and subventions |
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
VI. Conversion differences |
|
|
VII. Tax effect |
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
VIII. For valuation of financial instruments |
|
|
IX. Cash flow coverage |
|
|
X. Received legacies, grants and subventions |
|
|
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) |
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
25.661,90 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /2) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
120.000,00 |
734.347,19 |
55.452,02 |
909.799,21 |
|
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) |
120.000,00 |
734.347,19 |
55.452,02 |
909.799,21 |
|
I. Total recognized income and expenses |
|
|
25.661,90 |
25.661,90 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
55.452,02 |
-55.452,02 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
120.000,00 |
789.799,21 |
25.661,90 |
935.461,11 |
RATIOS
|
|
31/03/2009 (12) |
CHANGE % |
31/03/2008 (12) |
|
BALANCE RATIOS |
|||
|
Working Capital (€) |
-480.545,08 |
16,40 |
-574.822,65 |
|
Working capital ratio |
-0,05 |
16,67 |
-0,06 |
|
Soundness Ratio |
0,16 |
6,67 |
0,15 |
|
Average Collection Period (days) |
53 |
-60,22 |
132 |
|
Average Payment Period (days) |
157 |
|
|
|
LIQUIDITY RATIOS |
|||
|
Current Ratio (%) |
90,69 |
3,97 |
87,23 |
|
Quick Ratio (%) |
2,59 |
62,89 |
1,59 |
|
DEBT RATIOS |
|||
|
Borrowing percentage (%) |
87,61 |
|
|
|
External Financing Average Cost |
0,05 |
|
|
|
Debt Service Coverage |
24,01 |
|
|
|
Interest Coverage |
0,99 |
-20,80 |
1,25 |
|
GENERAL AND ACTIVITIES RATIOS |
|||
|
Auto financing generated by sales (%) |
10,02 |
50,00 |
6,68 |
|
Auto financing generated by Assets (%) |
3,65 |
57,33 |
2,32 |
|
Breakdown Point |
1,12 |
-3,45 |
1,16 |
|
Average Sales Volume per Employee |
203.588,64 |
29,71 |
156.956,18 |
|
Average Cost per Employee |
23.686,70 |
27,12 |
18.633,39 |
|
Assets Turnover |
0,36 |
2,86 |
0,35 |
|
Inventory Turnover (days) |
631 |
34,05 |
471 |
|
RESULTS RATIOS |
|||
|
Return on Assets (ROA) (%) |
3,94 |
-18,26 |
4,82 |
|
Operating Profitability (%) |
7,34 |
11,55 |
6,58 |
|
Return on Equity (ROE) (%) |
3,66 |
-54,98 |
8,13 |
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 |
54,95 |
41,04 |
13,90 |
|
A) CURRENT ASSETS |
45,05 |
58,96 |
-13,90 |
|
LIABILITIES |
|||
|
A) NET WORTH |
9,00 |
39,74 |
-30,74 |
|
B) NON CURRENT LIABILITIES |
41,32 |
16,48 |
24,84 |
|
C) CURRENT LIABILITIES |
49,68 |
43,78 |
5,90 |
|
|
|
|
|
Analytical Account of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,87 |
1,13 |
|
Other operating income |
|
1,13 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-60,20 |
-64,97 |
4,77 |
|
Variation in stocks of finished goods and work in progress |
|
0,07 |
|
|
GROSS MARGIN |
39,80 |
35,10 |
4,70 |
|
Other operating costs |
-7,98 |
-14,73 |
6,75 |
|
Labour cost |
-11,63 |
-14,34 |
2,71 |
|
GROSS OPERATING RESULT |
20,18 |
6,03 |
14,15 |
|
Amortization of fixed assets |
-9,34 |
-1,90 |
-7,44 |
|
Deterioration and result for fixed assets disposal |
|
0,30 |
|
|
Other expenses / income |
-0,03 |
|
|
|
NET OPERATING RESULT |
10,82 |
4,43 |
6,39 |
|
Financial result |
-9,92 |
-0,66 |
-9,26 |
|
RESULT BEFORE TAX |
0,90 |
3,77 |
-2,87 |
|
Taxes on profits |
-0,23 |
-1,00 |
0,77 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,68 |
|
|
|
NET RESULT |
0,68 |
2,77 |
-2,09 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-480.545,08 |
48.339,17 |
349.586,80 |
693.927,98 |
|
Working capital ratio |
-0,05 |
0,02 |
0,15 |
0,28 |
|
Soundness Ratio |
0,16 |
0,61 |
1,00 |
1,99 |
|
Average Collection Period (days) |
53 |
6 |
26 |
66 |
|
Average Payment Period (days) |
157 |
0 |
0 |
0 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
90,69 |
1,03 |
1,34 |
1,74 |
|
Quick Ratio (%) |
2,59 |
0,05 |
0,22 |
0,59 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
87,61 |
0,00 |
0,00 |
0,00 |
|
External Financing Average Cost |
0,05 |
0,05 |
0,06 |
0,18 |
|
Debt Service Coverage |
24,01 |
0,00 |
0,00 |
0,00 |
|
Interest Coverage |
0,99 |
1,13 |
2,54 |
8,06 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
10,02 |
2,29 |
3,57 |
6,24 |
|
Auto financing generated by Assets (%) |
3,65 |
3,80 |
5,63 |
8,17 |
|
Breakdown Point |
1,12 |
1,01 |
1,03 |
1,06 |
|
Average Sales Volume per Employee |
203.588,64 |
134.564,93 |
170.392,45 |
222.667,76 |
|
Average Cost per Employee |
23.686,70 |
19.872,44 |
24.125,72 |
30.127,40 |
|
Assets Turnover |
0,36 |
1,04 |
1,56 |
2,18 |
|
Inventory Turnover (days) |
631 |
44 |
103 |
167 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
3,94 |
2,28 |
4,58 |
7,83 |
|
Operating Profitability (%) |
7,34 |
4,76 |
7,54 |
11,24 |
|
Return on Equity (ROE) (%) |
3,66 |
5,33 |
12,05 |
22,64 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.08 |
|
UK Pound |
1 |
Rs.73.45 |
|
Euro |
1 |
Rs.64.30 |
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.