MIRA INFORM REPORT
|
Report Date : |
28.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
TRANGOWORLD SA |
|
|
|
|
Registered Office : |
Calle C (Pol. Industrial Malpica), Parc. 102 B1f,
50016 Zaragoza Saragossa |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees
: |
51 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
406.000,00 € |
|
|
|
|
Status : |
Good |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 & address
TRANGOWORLD SA
TAX NUMBER: A50000876
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: TRANGOWORLD SA
Other names: YES
Current Address: CALLE C (POL. INDUSTRIAL
MALPICA), PARC. 102 B1F
Telephone number: 976421100 Fax: 976416793
URL: www.trangoworld.com
Corporate e-mail: info@trangoworld.com
Trade Risk
Credit Appraisal: 406.000,00 €
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial
Information
Balance sheet latest sales (2010): 19.617.309,03 € (Commercial Registry)
Result: 596.251,4 €
Total Assets: 17.475.246,25 €
Share capital: 531.885,00 €
Employees: 51
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 18/08/1977
Activity: Mfg. of sports goods
NACE 2009 CODE: 3230
International Operations: Imports
Corporate
Structure
President:
Participations: 9
Other
Complementary Information
Latest filed accounts published in the Commercial Registry: 2010
Type of Accounts available at the Commercial Registry: Individuals
Latest act published in BORME: 16/09/2011 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 25/11/2011.
The information contained in this report has been investigated and
contrasted on 27/10/2011
TRADE RISK
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000
€)
Favourable to 406.000,00 €
Financial
Situation
|
Exercise:2010 |
Evolution |
|
Treasury |
Excellent |
|
Indebtedness |
Slight |
|
Profitability |
Average |
|
Balance |
Excellent |
Performance
|
Incidents |
None or Negligible |
|
Business Trajectory |
Excellent |
Rating Explication
Financial Situation
•
The company’s financial situation is good.
•
The company’s financial situation evolution has
been positive.
•
The sales evolution has been stable not
the results one, which has been positive.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is medium depending
on its sales volume.
•
The employees evolution has been stable.
Performance and Incidences
•
The available information indicates that the
company does not have payment incidences.
•
He have detected no recent legal actions or claims
from the Administration against this company
Accounts Filing
•
The company files regularly its accounts.
Reasons of the
last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
29/09/2011 |
Increase |
16 |
•
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
EXPERIAN BUREAU
EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT 
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
22/11/2011 08:11:56
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
Figures given in €
|
|
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
4.762.573,89 |
27,25 |
5.230.551,92 |
32,13 |
5.181.382,80 |
30,43 |
|
B) CURRENT ASSETS |
12.712.672,36 |
72,75 |
11.047.454,22 |
67,87 |
11.845.643,22 |
69,57 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
7.929.827,89 |
45,38 |
7.487.494,22 |
46,00 |
7.079.893,65 |
41,58 |
|
B) NON CURRENT LIABILITIES |
1.952.962,36 |
11,18 |
2.250.722,24 |
13,83 |
2.441.662,62 |
14,34 |
|
C) CURRENT LIABILITIES |
7.592.456,00 |
43,45 |
6.539.789,68 |
40,18 |
7.505.469,75 |
44,08 |
Profit and Loss
Account Analysis
Figures given in €
|
|
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
19.617.309,03 |
|
19.282.106,39 |
|
17.980.394,15 |
|
|
GROSS MARGIN |
6.112.853,50 |
31,16 |
5.899.249,93 |
30,59 |
5.640.342,70 |
31,37 |
|
EBITDA |
1.313.822,85 |
6,70 |
1.390.167,73 |
7,21 |
1.795.118,92 |
9,98 |
|
EBIT |
923.491,12 |
4,71 |
1.021.864,08 |
5,30 |
1.460.409,68 |
8,12 |
|
NET RESULT |
596.251,40 |
3,04 |
561.518,30 |
2,91 |
921.298,26 |
5,12 |
|
EFFECTIVE TAX RATE (%) |
17,82 |
0,00 |
21,21 |
0,00 |
14,59 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values
table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|
|
|
|
A) NON CURRENT ASSETS |
27,25 |
27,67 |
-0,41 |
|
A) CURRENT ASSETS |
72,75 |
72,33 |
0,41 |
|
LIABILITIES |
|
|
|
|
A) NET WORTH |
45,38 |
38,26 |
7,11 |
|
B) NON CURRENT LIABILITIES |
11,18 |
15,48 |
-4,30 |
|
C) CURRENT LIABILITIES |
43,45 |
46,26 |
-2,81 |
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
99,38 |
96,04 |
3,34 |
|
GROSS MARGIN |
30,97 |
39,66 |
-8,70 |
|
EBITDA |
6,66 |
9,20 |
-2,54 |
|
EBIT |
4,68 |
8,06 |
-3,38 |
|
NET RESULT |
3,02 |
4,80 |
-1,78 |
Sector Composition
Compared sector (NACE 2009): 323
Number of companies: 5
Size (Sales Figure): > 7,000,000.00 Euros
OTHER DATA FROM
THE ANNUAL FINANCIAL REPORT
Results
Distribution
Source: annual financial report 2010
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
596.251,40 |
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 |
442.333,67 |
|
Total of Amounts to be distributed |
596.251,40 |
Dividends |
153.917,73 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
596.251,40 |
Facts subsequent
to the closing
Source: Annual financial report 2010
Posterior to the closure there were no relevant facts that require the
inclusion in the annual accounts.
company ADDRESSES
Current Legal Seat Address:
CALLE C (POL. INDUSTRIAL MALPICA), PARC. 102 B1F
50016 ZARAGOZA SARAGOSSA
Previous Seat Address:
CALLE DEL TRABAJO 8
50008 ZARAGOZA
SARAGOSSA
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 12 members (latest change:
18/02/2009) Other Positions : 1 (latest change: 26/08/2008) Auditor : 2 (latest change: 11/03/2010) Operative Board Members : 6 (latest change: 27/10/2011) Non-current positions : 4 (latest change: 11/03/2010) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
HIDALGO ARRIBAS, MIGUEL ANGEL |
18/02/2009 |
|
VICE-PRESIDENT |
LUCEA BARRIENDOS, MANUEL |
18/02/2009 |
|
MEMBER OF THE BOARD |
HIDALGO MENDIA, BEGONA |
18/02/2009 |
|
MEMBER OF THE BOARD |
HIDALGO MENDIA, JORGE |
18/02/2009 |
|
MEMBER OF THE BOARD |
HIDALGO NOURRY, DIEGO |
18/02/2009 |
|
MEMBER OF THE BOARD |
HIDALGO NOURRY, MARTA |
18/02/2009 |
|
MEMBER OF THE BOARD |
NOURRY FARDEAU, MARIE JEANNE |
18/02/2009 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
LOYOLA MARTI, FRANCISCO JAVIER |
11/03/2010 |
|
AUDITOR |
MIRANDA SALVADOR, LUIS |
11/03/2010 |
There are 15 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2009
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
LUCEA BARRIENDOS, MANUEL |
|
Financial Manager |
SANCHEZ MARTIN, JAVIER |
|
Human Resources Director |
CEBRIAN SALMERON, ROSANA |
|
Commercial Director |
LUCEA BARRIENDOS, MANUEL |
|
Purchases Director |
UTRILLA COLOMINA, CRISTINA |
|
Quality Director |
HIDALGO ARRIBAS, MIGUEL ANGEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
NOURRY FARDEAU MARIE JEANNE |
|
50,00 |
OWN SOURCES |
27/10/2011 |
|
|
HIDALGO ARRIBAS MIGUEL ANGEL |
|
Indef. |
OWN SOURCES |
27/10/2011 |
There are 2 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TRANGOWORLD DEUTSCHLAND GMBH |
GERMANY |
95,71 |
COMMERCIAL REGISTRY |
31/12/2010 |
|
|
ARTIACH DEUSTCHLAND |
GERMANY |
95,71 |
COMMERCIAL REGISTRY |
31/12/2008 |
|
|
INTERTIENDAS SA |
A50183250 |
90,00 |
OWN SOURCES |
21/11/2011 |
|
|
COMERCIAL APARICIO GAUDES SL |
B50054824 |
90,00 |
COMMERCIAL REGISTRY |
31/12/2010 |
|
|
INTERSABADELL SL |
B99200313 |
83,30 |
OWN SOURCES |
07/11/2011 |
|
|
INTERJACA SL |
B22348825 |
70,00 |
OWN SOURCES |
17/10/2011 |
|
|
INTERSPORT ZARAGOZA SL |
B50937374 |
50,00 |
OWN SOURCES |
26/04/2011 |
|
|
SPORTVIELLA SL |
B99118242 |
46,15 |
COMMERCIAL REGISTRY |
31/12/2010 |
|
|
JEMCO AS |
NORWAY |
35,00 |
COMMERCIAL REGISTRY |
31/12/2010 |
There are 9 direct financial links through participations
registered
You can obtain business information of foreign companies at the
page D&B INTERNATIONAL
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”MIGUEL ANGEL HIDALGO ARRIBAS”
|
COMPANY |
POSITION |
PROVINCE |
|
UNIVERSAL SPORT TRADE SL |
Presidente |
ZARAGOZA |
|
COMERCIAL APARICIO GAUDES SL |
Presidente |
ZARAGOZA |
|
SPORTVIELLA SL |
Presidente |
ZARAGOZA |
|
INTERTIENDAS SA |
Presidente |
ZARAGOZA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”TRANGOWORLD”
URL: www.artiach.com
Trangoworld Prendas, complementos , calzado y material de montańa para
alpinismo, esquí, esquí de montańa, senderismo, correr y paseo/>
URL: www.landher.net
TRANGOWORLD | Landher Montańa. Tienda Online Material de ... TRANGOWORLD
... Zapatillas Salomon · Zapatillas Merrell · Pantalones Trangoworld · The
North Face · Haglofs Barrier Hood · Millet Expert Down jacket ...
URL: www.barrabes.com
Trangoworld - Barrabes.com Toda la gama de productos de
Trangoworld para esta temporada. Ropa de Montańa, Esquí y Escalada para Hombre,
Ropa de Montańa, Esquí y Escalada para ...
BUSINESS INFORMATION
Incorporation date: 18/08/1977
Establishment date: 01/01/1977
Activity: Mfg. of sports goods
NACE 2009 CODE: 3230
NACE 2009 Activity: Manufacture of sports goods
Business: FABRICACION Y COMERCIALIZACION DE ARTICULOS
DEPORTIVOS.
Latest employees figure: 51 (2011)
% of fixed employees: 88,24%
% of temporary employees: 11,76%
% of men: 46,30%
% of women: 53,70%
Employees
evolution
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
25 |
29 |
COMMERCIAL OPERATIONS
PURCHASES
National Distribution: 100%
SALES
Credit collections: 100%
National Distribution: 70%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
COLAS ARTIACH SL |
NO |
There are 1 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
UNIVERSAL SPORT
TRADE, S.L. |
NO |
|
TRANGOWORLD
DEUTSCHLAND, GMBH |
YES |
|
INTERJACA, S.L. |
NO |
|
INTERSABADELL,
S.L |
NO |
|
INTERTIENDAS,
S.A. |
NO |
|
JEMCO A/S |
YES |
|
SPORTVIELLA SL |
NO |
|
INTERSPORT
ZARAGOZA SL |
NO |
|
COMERCIAL
APARICIO GAUDES SL |
NO |
There are 9 Clients
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
1824 |
CL COSO 36 Y 40 P-1 |
ZARAGOZA |
Saragossa |
|
BANKINTER, S.A. |
|
|
ZARAGOZA |
|
|
BANCO DE SABADELL, S.A. |
|
|
ZARAGOZA |
|
|
CAJA DE AHORROS DE LA INMACULADA DE ARAGON |
|
|
ZARAGOZA |
|
|
CAIXABANK, S.A. |
|
|
ZARAGOZA |
|
There are 14 bank entities registered
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
MORE THAN 5 YEARS |
|
|
Naves adosadas, sistema de calefacción en zona de colchones y
almacenes |
132.000,00 |
242.000,00 |
0,00 |
There are 1 leasing operations registered
FORMER NAMES:
•
CASA ARTIACH SA HIDALGO SUCESORES
•
HIDALGO SL CASA ARTIACH
Brand name: TRANGOWORLD (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 01/08/2008
Brand name: INNER PLUS (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 25/02/2005
There are 4 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 18/08/1977
Legal form: Joint-stock Company
Share capital: 531.885,00 €
Paid-up capital: 531.885,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
B.O.R.M.E.
(OFFICIAL GAZETTE
OF THE COMMERCIAL REGISTRY)
Acts on activity: 0
Acts on administrators: 21 (Last: 11/03/2010, first:
01/10/1993)
Acts on capital: 0
Acts on creation: 0
Acts on filed accounts: 19 (Last: 16/09/2011, first:
09/10/1990)
Acts on identification: 3 (Last: 18/02/2009, first:
13/11/2002)
Acts on Information: 3 (Last: 11/05/2009, first:
01/10/1993)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Appointments |
11/03/2010 |
104840 |
Saragossa |
|
Errata |
11/05/2009 |
217415 |
Saragossa |
|
Change of registered address |
18/02/2009 |
87901 |
Saragossa |
|
Change of business name |
18/02/2009 |
87901 |
Saragossa |
|
Other concepts |
18/02/2009 |
87901 |
Saragossa |
|
Appointments |
18/02/2009 |
87901 |
Saragossa |
|
Resignations |
18/02/2009 |
87901 |
Saragossa |
|
Appointments |
26/08/2008 |
409020 |
Saragossa |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2010) |
16/09/2011 |
541339 |
Saragossa |
|
Annual Filed Accounts (2009) |
16/09/2010 |
573685 |
Saragossa |
|
Annual Filed Accounts (2008) |
18/09/2009 |
439744 |
Saragossa |
There are 46 acts registered
Press articles
No 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.
FINANCIAL INFORMATION
The information on the last account contained in this report is
extracted from the Commercial Registry file of the legal address of the Company
and dated 29/09/2011.
SITUATION
BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
4.762.573,89 |
27,25 |
5.230.551,92 |
32,13 |
5.181.382,80 |
30,43 |
|
I. Intangible assets |
26.710,56 |
0,15 |
111.357,32 |
0,68 |
155.024,73 |
0,91 |
|
5. Software |
26.710,56 |
0,15 |
111.357,32 |
0,68 |
155.024,73 |
0,91 |
|
II. Tangible fixed assets |
3.067.841,01 |
17,56 |
3.252.382,05 |
19,98 |
3.452.874,15 |
20,28 |
|
1. Property, plant and equipment |
2.790.444,95 |
15,97 |
2.968.981,85 |
18,24 |
3.147.518,75 |
18,49 |
|
2. Technical fittings and other tangible assets |
250.247,19 |
1,43 |
256.251,33 |
1,57 |
278.206,53 |
1,63 |
|
3. Fixed assets in progress and advances |
27.148,87 |
0,16 |
27.148,87 |
0,17 |
27.148,87 |
0,16 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
1.664.460,84 |
9,52 |
1.863.251,07 |
11,45 |
1.571.081,07 |
9,23 |
|
1. Net worth instruments |
1.382.460,84 |
7,91 |
1.446.251,07 |
8,88 |
1.244.081,07 |
7,31 |
|
2. Credits to companies |
282.000,00 |
1,61 |
417.000,00 |
2,56 |
327.000,00 |
1,92 |
|
V. Long Term Financial Investments |
3.561,48 |
0,02 |
3.561,48 |
0,02 |
2.402,85 |
0,01 |
|
5. Other financial assets |
3.561,48 |
0,02 |
3.561,48 |
0,02 |
2.402,85 |
0,01 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
12.712.672,36 |
72,75 |
11.047.454,22 |
67,87 |
11.845.643,22 |
69,57 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
3.952.113,10 |
22,62 |
3.860.363,68 |
23,72 |
2.970.423,03 |
17,45 |
|
1. Goods available for sale |
9.029,44 |
0,05 |
12.199,63 |
0,07 |
13.278,44 |
0,08 |
|
2. Raw material inventory |
891.731,37 |
5,10 |
843.451,16 |
5,18 |
607.786,33 |
3,57 |
|
4. Finished goods |
3.051.352,29 |
17,46 |
3.004.712,89 |
18,46 |
2.278.406,44 |
13,38 |
|
b) Short production cycle |
3.051.352,29 |
17,46 |
3.004.712,89 |
18,46 |
2.278.406,44 |
13,38 |
|
6. Pre-payments to suppliers |
|
|
|
|
70.951,82 |
0,42 |
|
III. Trade Debtors and other receivable accounts |
7.838.416,14 |
44,85 |
6.474.262,98 |
39,77 |
7.677.833,93 |
45,09 |
|
1. Clients |
7.171.197,24 |
41,04 |
5.846.472,07 |
35,92 |
6.790.035,02 |
39,88 |
|
b) Clients for sales and short term services
rendering |
7.171.197,24 |
41,04 |
5.846.472,07 |
35,92 |
6.790.035,02 |
39,88 |
|
2. Clients group and associated companies |
646.686,13 |
3,70 |
608.007,53 |
3,74 |
790.868,03 |
4,64 |
|
3. Other debts |
4.606,27 |
0,03 |
4.523,55 |
0,03 |
|
|
|
6. Other credits with the Public Administrations |
15.926,50 |
0,09 |
15.259,83 |
0,09 |
96.930,88 |
0,57 |
|
IV. Short term investments in associated and affiliated companies |
27.463,52 |
0,16 |
40.008,41 |
0,25 |
24.075,63 |
0,14 |
|
5. Other financial assets |
27.463,52 |
0,16 |
40.008,41 |
0,25 |
24.075,63 |
0,14 |
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
894.679,60 |
5,12 |
672.819,15 |
4,13 |
1.173.310,63 |
6,89 |
|
1. Treasury |
894.679,60 |
5,12 |
672.819,15 |
4,13 |
1.173.310,63 |
6,89 |
|
TOTAL ASSETS (A + B) |
17.475.246,25 |
100,00 |
16.278.006,14 |
100,00 |
17.027.026,02 |
100,00 |
Net Worth and
Liabilities
Figures given in €
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
|
A) NET WORTH |
7.929.827,89 |
45,38 |
7.487.494,22 |
46,00 |
7.079.893,65 |
41,58 |
|
A-1) Equity |
7.929.827,89 |
45,38 |
7.487.494,22 |
46,00 |
7.079.893,65 |
41,58 |
|
I. Capital |
531.885,00 |
3,04 |
531.885,00 |
3,27 |
531.885,00 |
3,12 |
|
1. Authorized capital |
531.885,00 |
3,04 |
531.885,00 |
3,27 |
531.885,00 |
3,12 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
6.801.691,49 |
38,92 |
6.394.090,92 |
39,28 |
5.626.710,39 |
33,05 |
|
1. Legal and statutory |
106.379,14 |
0,61 |
106.379,14 |
0,65 |
106.379,14 |
0,62 |
|
2. Other funds |
6.695.312,35 |
38,31 |
6.287.711,78 |
38,63 |
5.520.331,25 |
32,42 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
596.251,40 |
3,41 |
561.518,30 |
3,45 |
921.298,26 |
5,41 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
1.952.962,36 |
11,18 |
2.250.722,24 |
13,83 |
2.441.662,62 |
14,34 |
|
I. Long term provisions |
136.230,86 |
0,78 |
123.952,14 |
0,76 |
116.729,95 |
0,69 |
|
1. Long term staff benefits obligations |
136.230,86 |
0,78 |
123.952,14 |
0,76 |
116.729,95 |
0,69 |
|
II. Long term debts |
1.802.347,06 |
10,31 |
2.103.187,89 |
12,92 |
2.293.493,96 |
13,47 |
|
2. Debts with bank entities |
1.559.120,40 |
8,92 |
2.084.786,16 |
12,81 |
2.292.021,96 |
13,46 |
|
3. Financial leasing creditors |
241.754,66 |
1,38 |
16.929,73 |
0,10 |
|
|
|
5. Other financial liabilities |
1.472,00 |
0,01 |
1.472,00 |
0,01 |
1.472,00 |
0,01 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
14.384,44 |
0,08 |
23.582,21 |
0,14 |
31.438,71 |
0,18 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
7.592.456,00 |
43,45 |
6.539.789,68 |
40,18 |
7.505.469,75 |
44,08 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
6.106.981,95 |
34,95 |
5.120.143,31 |
31,45 |
6.593.079,97 |
38,72 |
|
2. Debts with bank entities |
5.596.928,05 |
32,03 |
4.825.143,99 |
29,64 |
6.469.228,76 |
37,99 |
|
3. Financial leasing creditors |
132.105,61 |
0,76 |
13.108,89 |
0,08 |
|
|
|
5. Other financial liabilities |
377.948,29 |
2,16 |
281.890,43 |
1,73 |
123.851,21 |
0,73 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
1.485.474,05 |
8,50 |
1.419.646,37 |
8,72 |
912.389,78 |
5,36 |
|
1. Suppliers |
388.291,53 |
2,22 |
621.154,22 |
3,82 |
|
|
|
b) Short term suppliers |
388.291,53 |
2,22 |
621.154,22 |
3,82 |
|
|
|
3. Different creditors |
893.949,58 |
5,12 |
595.771,30 |
3,66 |
746.742,11 |
4,39 |
|
4. Staff (pending remunerations) |
122.407,20 |
0,70 |
122.407,20 |
0,75 |
124.089,59 |
0,73 |
|
5. Liabilities by current taxes |
8.866,13 |
0,05 |
8.866,13 |
0,05 |
8.060,74 |
0,05 |
|
6. Other debts with Public Administrations |
71.959,61 |
0,41 |
71.447,52 |
0,44 |
33.497,34 |
0,20 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
17.475.246,25 |
100,00 |
16.278.006,14 |
100,00 |
17.027.026,02 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in €
|
|
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
19.617.309,03 |
99,38 |
19.282.106,39 |
99,35 |
17.980.394,15 |
99,54 |
|
A) Sales |
19.617.309,03 |
99,38 |
19.282.106,39 |
99,35 |
17.980.394,15 |
99,54 |
|
2. Variation in stocks of finished goods and work in progress |
46.639,40 |
0,24 |
726.306,45 |
3,74 |
1.464.217,23 |
8,11 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-13.673.035,26 |
-69,27 |
-14.235.928,53 |
-73,35 |
-13.888.227,04 |
-76,88 |
|
a) Material consumed |
-2.063,33 |
-0,01 |
-5.116,16 |
-0,03 |
-30.146,85 |
-0,17 |
|
b) Raw materials consumed |
-3.884.758,34 |
-19,68 |
-4.250.285,59 |
-21,90 |
-4.843.751,57 |
-26,81 |
|
c) Works carried out for other companies |
-9.786.213,59 |
-49,58 |
-9.980.526,78 |
-51,42 |
-9.014.328,62 |
-49,90 |
|
5. Other operating income |
121.940,33 |
0,62 |
126.765,62 |
0,65 |
83.958,36 |
0,46 |
|
a) Other incomes |
91.669,12 |
0,46 |
81.128,30 |
0,42 |
55.142,60 |
0,31 |
|
b) Operating grants included in the exercise result |
30.271,21 |
0,15 |
45.637,32 |
0,24 |
28.815,76 |
0,16 |
|
6. Labour cost |
-2.001.385,65 |
-10,14 |
-1.996.534,16 |
-10,29 |
-1.942.716,83 |
-10,75 |
|
a) Wages and similar expenses |
-1.564.090,11 |
-7,92 |
-1.510.604,06 |
-7,78 |
-1.492.603,58 |
-8,26 |
|
b) Social costs |
-437.295,54 |
-2,22 |
-485.930,10 |
-2,50 |
-450.113,25 |
-2,49 |
|
7. Other operating costs |
-2.867.671,11 |
-14,53 |
-2.541.166,20 |
-13,09 |
-2.752.044,47 |
-15,23 |
|
a) External services |
-2.788.280,31 |
-14,13 |
-2.501.523,78 |
-12,89 |
-2.703.064,75 |
-14,96 |
|
b) Taxes |
-48.614,77 |
-0,25 |
-28.314,76 |
-0,15 |
-38.245,14 |
-0,21 |
|
c) Losses, deterioration and variation on business operations
provisions |
-30.776,03 |
-0,16 |
-11.327,66 |
-0,06 |
-10.734,58 |
-0,06 |
|
8. Amortization of fixed assets |
-359.555,70 |
-1,82 |
-356.975,99 |
-1,84 |
-323.974,66 |
-1,79 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
640.798,51 |
3,55 |
|
b) Results for disposals and others |
|
|
|
|
640.798,51 |
3,55 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
39.250,08 |
0,20 |
17.290,50 |
0,09 |
198.004,43 |
1,10 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
923.491,12 |
4,68 |
1.021.864,08 |
5,26 |
1.460.409,68 |
8,08 |
|
14. Financial income |
69.017,37 |
0,35 |
72.219,20 |
0,37 |
110.209,25 |
0,61 |
|
a) From net worth instruments participations |
33.109,95 |
0,17 |
29.680,91 |
0,15 |
84.781,74 |
0,47 |
|
a 1) On group and associated companies |
33.109,95 |
0,17 |
29.680,91 |
0,15 |
84.781,74 |
0,47 |
|
b) From negotiable values and other financial instruments |
35.907,42 |
0,18 |
42.538,29 |
0,22 |
25.427,51 |
0,14 |
|
b 1) From group and associated companies |
12.230,00 |
0,06 |
13.080,00 |
0,07 |
9.526,66 |
0,05 |
|
b 2) From third parties |
23.677,42 |
0,12 |
29.458,29 |
0,15 |
15.900,85 |
0,09 |
|
15. Financial expenses |
-223.979,21 |
-1,13 |
-393.916,54 |
-2,03 |
-442.118,42 |
-2,45 |
|
a) For debts with associated and affiliated companies |
-82.778,12 |
-0,42 |
-97.139,15 |
-0,50 |
-151.898,73 |
-0,84 |
|
b) For debts with third parties |
-141.201,09 |
-0,72 |
-296.777,39 |
-1,53 |
-290.219,69 |
-1,61 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
26.584,76 |
0,13 |
12.546,61 |
0,06 |
-49.813,82 |
-0,28 |
|
18. Deterioration and result for disposal of financial instruments |
-69.573,22 |
-0,35 |
|
|
|
|
|
a) Deteriorations and losses |
-69.573,22 |
-0,35 |
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-197.950,30 |
-1,00 |
-309.150,73 |
-1,59 |
-381.722,99 |
-2,11 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
725.540,82 |
3,68 |
712.713,35 |
3,67 |
1.078.686,69 |
5,97 |
|
20. Taxes on profits |
-129.289,42 |
-0,65 |
-151.195,05 |
-0,78 |
-157.388,43 |
-0,87 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
596.251,40 |
3,02 |
561.518,30 |
2,89 |
921.298,26 |
5,10 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
596.251,40 |
3,02 |
561.518,30 |
2,89 |
921.298,26 |
5,10 |
NET WORTH CHANGES
STATUS
Status of
recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
596.251,40 |
561.518,30 |
921.298,26 |
|
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 |
|
|
4.029,70 |
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
-1.208,91 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
|
2.820,79 |
|
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) |
596.251,40 |
561.518,30 |
924.119,05 |
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
OTHER NET WORTH INSTRUMENTS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
531.885,00 |
4.405.962,65 |
1.362.576,36 |
|
|
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) |
531.885,00 |
4.405.962,65 |
1.362.576,36 |
|
|
I. Total recognized income and expenses |
|
|
921.298,26 |
|
|
II. Operations with partners or owners |
|
|
-153.917,73 |
|
|
4. (-) Dividends distribution |
|
|
-153.917,73 |
|
|
III. Other net worth variations |
|
1.220.747,74 |
-1.196.569,52 |
-12.089,11 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
531.885,00 |
5.626.710,39 |
921.298,26 |
|
|
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) |
531.885,00 |
5.626.710,39 |
921.298,26 |
|
|
I. Total recognized income and expenses |
|
|
561.518,30 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
767.380,53 |
-921.298,26 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
531.885,00 |
6.394.090,92 |
561.518,30 |
|
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
531.885,00 |
6.394.090,92 |
561.518,30 |
|
|
I. Total recognized income and expenses |
|
|
596.251,40 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
407.600,57 |
-561.518,30 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
531.885,00 |
6.801.691,49 |
596.251,40 |
|
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
6.300.424,01 |
|
||
|
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) |
6.300.424,01 |
|
||
|
I. Total recognized income and expenses |
921.298,26 |
|
||
|
II. Operations with partners or owners |
-153.917,73 |
|
||
|
4. (-) Dividends distribution |
-153.917,73 |
|
||
|
III. Other net worth variations |
12.089,11 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
7.079.893,65 |
|
||
|
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) |
7.079.893,65 |
|
||
|
I. Total recognized income and expenses |
561.518,30 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
-153.917,73 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
7.487.494,22 |
|
||
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
||
|
II. Adjustments by errors in the exercise (2009) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
7.487.494,22 |
|
||
|
I. Total recognized income and expenses |
596.251,40 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
-153.917,73 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
7.929.827,89 |
|
||
CASH FLOW STATUS
Figures given in €
|
|
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
725.540,82 |
712.713,35 |
1.078.686,69 |
|
2. Results adjustments |
457.156,75 |
788.801,07 |
48.172,49 |
|
a) Amortization of fixed assets (+) |
359.555,70 |
356.975,99 |
323.974,66 |
|
b) Value correction for deterioration (+/-) |
|
11.327,66 |
|
|
d) Grants allocation (-) |
-30.776,03 |
-45.637,32 |
-28.815,76 |
|
e) Results for decline and disposal of fixed assets (+/-) |
|
|
-640.798,51 |
|
g) Financial income (-) |
-69.017,37 |
|
-110.209,25 |
|
f) Financial expenses (+) |
223.979,21 |
466.134,74 |
442.118,42 |
|
i) Change difference (+/-) |
-26.584,76 |
|
49.813,82 |
|
j) Reasonable value variation on financial instruments (+/-) |
|
|
12.089,11 |
|
3. Changes in current capital |
-1.359.298,87 |
808.753,84 |
706.655,14 |
|
a) Stocks (+/-) |
-91.749,42 |
-889.940,65 |
-1.514.170,71 |
|
b) Debtors and other receivable accounts (+/-) |
-1.333.377,13 |
1.192.243,29 |
2.220.825,85 |
|
d) Creditors and other payable accounts (+/-) |
65.827,68 |
506.451,20 |
|
|
4. Other cash flow coming from operating activities |
-257.666,50 |
-154.682,51 |
94.484,40 |
|
a) Interests payments (-) |
|
-398.751,56 |
-442.118,42 |
|
b) Dividends collections (+) |
|
126.212,53 |
|
|
c) Interests collections (+) |
69.017,37 |
72.219,20 |
110.209,25 |
|
d) Collections (payments) for profit tax (+/-) |
-129.289,42 |
|
426.393,57 |
|
e) Other payments (collections) (-/+) |
-197.394,45 |
45.637,32 |
|
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
-434.267,80 |
2.155.585,75 |
1.927.998,72 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-90.367,90 |
-422.077,89 |
-1.571.081,07 |
|
a) Group and associated companies |
|
-308.102,78 |
-1.571.081,07 |
|
b) Intangible assets |
-10.364,28 |
-55.626,35 |
|
|
c) Tangible assets |
-80.003,62 |
-57.190,13 |
|
|
e) Other financial assets |
|
-1.158,63 |
|
|
7. Disinvestment collections (+) |
211.335,12 |
|
994.655,79 |
|
a) Group and associated companies |
211.335,12 |
|
265.627,99 |
|
c) Tangible assets |
|
|
729.027,80 |
|
8. Cash Flow in investment activities (6 + 7) |
120.967,22 |
-422.077,89 |
-576.425,28 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
767.380,53 |
28.815,76 |
|
a) Net worth instruments issue (+) |
|
767.380,53 |
|
|
e) Received legacies, grants and subventions (+) |
|
|
28.815,76 |
|
10. Financial liabilities instruments collections and payments |
689.078,76 |
-1.827.145,27 |
-2.533.439,25 |
|
a) Issue |
17.351.643,82 |
20.292.751,44 |
38.241,27 |
|
2. Debts with bank entities (+) |
17.252.505,01 |
19.238.716,54 |
|
|
5. Other debts (+) |
99.138,81 |
1.054.034,90 |
38.241,27 |
|
b) Return and amortization of |
-16.662.565,06 |
-22.119.896,71 |
-2.571.680,52 |
|
2. Debts with bank entities (-) |
-16.662.565,06 |
-21.094.872,13 |
|
|
3. Debts with group and associated companies (-) |
|
|
-24.075,63 |
|
5. Other debts (-) |
|
-1.025.024,58 |
-2.547.604,89 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
-153.917,73 |
|
-153.917,73 |
|
a) Dividends (-) |
-153.917,73 |
|
-153.917,73 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
535.161,03 |
-1.059.764,74 |
-2.658.541,22 |
|
D) Exchange rate variations effect |
|
|
-49.813,82 |
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
221.860,45 |
673.743,12 |
-1.356.781,60 |
|
Cash or equivalents at the beginning of the exercise |
672.819,15 |
1.173.310,63 |
2.530.092,23 |
|
Cash or equivalents at the end of the exercise |
894.679,60 |
672.819,15 |
1.173.310,63 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
5.120.216,36 |
13,59 |
4.507.664,54 |
3,86 |
4.340.173,47 |
|
Working capital ratio |
0,29 |
3,57 |
0,28 |
7,69 |
0,26 |
|
Soundness Ratio |
1,66 |
16,78 |
1,43 |
4,38 |
1,37 |
|
Average Collection Period (days) |
144 |
19,05 |
121 |
-21,31 |
154 |
|
Average Payment Period (days) |
32 |
5,88 |
31 |
54,55 |
20 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
167,44 |
-0,88 |
168,93 |
7,03 |
157,83 |
|
Quick Ratio (%) |
11,78 |
14,48 |
10,29 |
-34,17 |
15,63 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
45,26 |
1,98 |
44,38 |
-14,96 |
52,19 |
|
External Financing Average Cost |
0,03 |
-50,00 |
0,06 |
20,00 |
0,05 |
|
Debt Service Coverage |
-18,21 |
-643,58 |
3,35 |
-27,33 |
4,61 |
|
Interest Coverage |
4,12 |
59,07 |
2,59 |
-21,52 |
3,30 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-2,21 |
-119,77 |
11,18 |
4,29 |
10,72 |
|
Auto financing generated by Assets (%) |
-2,48 |
-118,73 |
13,24 |
16,96 |
11,32 |
|
Breakdown Point |
1,05 |
-0,94 |
1,06 |
-2,75 |
1,09 |
|
Average Sales Volume per Employee |
385.939,58 |
15,05 |
335.457,66 |
-2,84 |
345.245,66 |
|
Average Cost per Employee |
39.374,10 |
13,36 |
34.734,42 |
-6,88 |
37.302,55 |
|
Assets Turnover |
1,12 |
-5,88 |
1,18 |
12,26 |
1,06 |
|
Inventory Turnover (days) |
104 |
6,64 |
98 |
26,64 |
77 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
5,28 |
-15,76 |
6,28 |
-26,81 |
8,58 |
|
Operating Profitability (%) |
7,34 |
-13,34 |
8,47 |
-40,52 |
14,24 |
|
Return on Equity (ROE) (%) |
9,15 |
-3,89 |
9,52 |
-37,53 |
15,24 |
SECTORIAL ANALYSIS
Balance Sheet and
Financial Balance
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
27,25 |
27,67 |
-0,41 |
|
A) CURRENT ASSETS |
72,75 |
72,33 |
0,41 |
|
LIABILITIES |
|||
|
A) NET WORTH |
45,38 |
38,26 |
7,11 |
|
B) NON CURRENT LIABILITIES |
11,18 |
15,48 |
-4,30 |
|
C) CURRENT LIABILITIES |
43,45 |
46,26 |
-2,81 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,38 |
96,04 |
3,34 |
|
Other operating income |
0,62 |
3,96 |
-3,34 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-69,27 |
-60,48 |
-8,79 |
|
Variation in stocks of finished goods and work in progress |
0,24 |
0,15 |
0,09 |
|
GROSS MARGIN |
30,97 |
39,66 |
-8,70 |
|
Other operating costs |
-14,53 |
-15,05 |
0,52 |
|
Labour cost |
-10,14 |
-15,32 |
5,18 |
|
GROSS OPERATING RESULT |
6,30 |
9,29 |
-2,99 |
|
Amortization of fixed assets |
-1,82 |
-1,13 |
-0,69 |
|
Deterioration and result for fixed assets disposal |
|
-0,10 |
|
|
Other expenses / income |
0,20 |
|
|
|
NET OPERATING RESULT |
4,68 |
8,06 |
-3,38 |
|
Financial result |
-1,00 |
-1,31 |
0,31 |
|
RESULT BEFORE TAX |
3,68 |
6,75 |
-3,07 |
|
Taxes on profits |
-0,65 |
-1,95 |
1,30 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
3,02 |
|
|
|
NET RESULT |
3,02 |
4,80 |
-1,78 |
Main Ratios
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
5.120.216,36 |
-64.078,09 |
1.408.335,03 |
4.660.517,67 |
|
Working capital ratio |
0,29 |
-0,04 |
0,22 |
0,26 |
|
Soundness Ratio |
1,66 |
0,27 |
1,47 |
2,52 |
|
Average Collection Period (days) |
144 |
114 |
185 |
224 |
|
Average Payment Period (days) |
32 |
46 |
83 |
98 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
167,44 |
0,98 |
1,32 |
1,50 |
|
Quick Ratio (%) |
11,78 |
0,02 |
0,02 |
0,27 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
45,26 |
19,43 |
51,78 |
53,04 |
|
External Financing Average Cost |
0,03 |
0,04 |
0,05 |
0,05 |
|
Debt Service Coverage |
-18,21 |
3,09 |
15,27 |
18,98 |
|
Interest Coverage |
4,12 |
1,92 |
2,72 |
4,83 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-2,21 |
2,10 |
4,12 |
8,00 |
|
Auto financing generated by Assets (%) |
-2,48 |
2,66 |
2,93 |
7,96 |
|
Breakdown Point |
1,05 |
1,04 |
1,05 |
1,14 |
|
Average Sales Volume per Employee |
385.939,58 |
98.758,11 |
267.313,42 |
271.506,03 |
|
Average Cost per Employee |
39.374,10 |
21.517,00 |
31.736,65 |
32.833,64 |
|
Assets Turnover |
1,12 |
0,58 |
1,05 |
1,14 |
|
Inventory Turnover (days) |
104 |
38 |
82 |
158 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
5,28 |
3,92 |
5,10 |
8,51 |
|
Operating Profitability (%) |
7,34 |
5,23 |
7,47 |
8,97 |
|
Return on Equity (ROE) (%) |
9,15 |
8,75 |
15,83 |
17,61 |
ADDITIONAL INFORMATION
Consulted Sources
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
Telephone directory: PÁGINAS AMARILLAS
Telephone directory: PÁGINAS BLANCAS
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.17 |
|
UK Pound |
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.43 |
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.