MIRA INFORM REPORT
|
Report Date : |
16.09.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
EMICELA SOCIEDAD ANONIMA |
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Registered Office : |
Calle Canal Izquierdo (Zona Industrial
Arinaga), 5, 35260 Agüimes Palmas (Las) |
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Country : |
Spain |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.02.1985 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Processing of tea and coffee |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
1.525.000,00 € |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Spain |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company
name
EMICELA SOCIEDAD ANONIMA
TAX NUMBER: A35081785
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: EMICELA SOCIEDAD ANONIMA
Other names:
Current Address: CALLE CANAL IZQUIERDO (ZONA
INDUSTRIAL ARINAGA), 5
Branches: 6
Telephone number: 902410059 Fax: 928416865
URL: www.emicela.es
Corporate e-mail: info@emicela.es
Trade Risk
Credit Appraisal: 1.525.000,00 €
Incidents: NO
R.A.I.: NO
Bank and business defaults of payment - ASNEF EMPRESAS: NO
Financial Information
Balance sheet latest sales (2009): 56.904.390,46 € (Trade Register)
Result: 1.228.959,7 €
Total Assets: 91.160.715,16 €
Social Capital: 507.561,39 €
Employees: 140
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 15/02/1985
Activity: Processing of tea & coffee
NACE 2009 CODE: 1083
International Operations: Imports and Exports
Corporate Structure
President:
Participations: 6
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: 01/06/2011 Other concepts
Latest press article: 15/04/2011 LA PROVINCIA/DIARIO
DE LAS PALMAS (GENERAL INFORMATION)
Bank Entities: There are
The date when this report was last updated is 15/09/2011.
The information contained in this report has been investigated and
contrasted on 05/08/2011
TRADE RISK
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 1.525.000,00 €
Financial
Situation
Exercise:2009
|
Treasury |
Very good |
|
Indebtedness |
Slight |
|
Profitability |
Average |
|
Balance |
Good |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Excellent |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
BANK AND BUSINESS
DEFAULTS OF PAYMENT - ASNEF EMPRESAS
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
12/09/2011 08:09:51
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 |
54.225.907,05 |
59,48 |
54.697.092,21 |
61,57 |
43.273.533,42 |
62,67 |
|
B) CURRENT ASSETS |
36.934.808,11 |
40,52 |
34.146.528,23 |
38,43 |
25.772.285,05 |
37,33 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
39.049.290,08 |
42,84 |
37.876.494,63 |
42,63 |
40.164.244,46 |
58,17 |
|
B) NON CURRENT LIABILITIES |
21.869.037,24 |
23,99 |
24.557.389,65 |
27,64 |
11.552.457,40 |
16,73 |
|
C) CURRENT LIABILITIES |
30.242.387,84 |
33,17 |
26.409.736,16 |
29,73 |
17.329.116,61 |
25,10 |
Profit and Loss
Account Analysis
Figures given in €
|
|
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2007 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
56.904.390,46 |
|
55.694.770,93 |
|
35.502.252,94 |
|
|
GROSS MARGIN |
14.643.608,20 |
25,73 |
14.476.860,38 |
25,99 |
9.407.172,14 |
26,50 |
|
EBITDA |
4.214.924,76 |
7,41 |
4.989.923,73 |
8,96 |
3.336.879,82 |
9,40 |
|
EBIT |
2.276.193,91 |
4,00 |
3.408.496,01 |
6,12 |
1.775.960,13 |
5,00 |
|
NET RESULT |
1.228.959,70 |
2,16 |
1.611.861,44 |
2,89 |
831.926,37 |
2,34 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
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BALANCE SHEET ANALYSIS: % on the total
assets |
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ASSETS |
|
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|
|
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||
|
A) NON CURRENT ASSETS |
59,48 |
51,26 |
8,23 |
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|
|
|
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A) CURRENT ASSETS |
40,52 |
48,74 |
-8,23 |
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|
|
|
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LIABILITIES |
|
|
|
|
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||
|
A) NET WORTH |
42,84 |
40,67 |
2,17 |
|
|
|
|
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B) NON CURRENT LIABILITIES |
23,99 |
26,44 |
-2,45 |
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|
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C) CURRENT LIABILITIES |
33,17 |
32,90 |
0,28 |
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COMPANY (2009) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
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SALES |
98,08 |
94,42 |
3,66 |
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|
|
|
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GROSS MARGIN |
25,24 |
47,44 |
-22,20 |
|
|
|
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EBITDA |
7,27 |
15,46 |
-8,20 |
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|
|
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EBIT |
3,92 |
10,45 |
-6,53 |
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|
|
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NET RESULT |
2,12 |
6,04 |
-3,92 |
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Sector Composition
Compared sector (NACE 2009): 1083
Number of companies: 15
Size (Sales Figure): > 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 |
1.228.959,70 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
142.041,06 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
1.086.918,64 |
|
Total of Amounts to be distributed |
1.228.959,70 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
1.228.959,70 |
Auditing
Source: filing of annual financial statement 2009
Auditors’ opinion: FAVOURABLE
Auditor: SANCHEZ MARICHAL AUDITORES S.L.
Auditing fees: 10.287,00 €
Facts subsequent
to the closing
Source: Annual financial report 2009
Posterior to the closure there were no relevant facts that require the
inclusion in the annual accounts.
company ADDRESSES
Current Legal Seat Address:
CALLE CANAL IZQUIERDO (ZONA INDUSTRIAL ARINAGA), 5
35260 AGÜIMES PALMAS (LAS)
Previous Seat Address:
CARRETERA DE LOS TARAHALES 105
35013 LAS
PALMAS DE GRAN CANARIA PALMAS (LAS)
Characteristics of
the current address
Type of establishment: office
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE EDUARDO TORROJA, 49 |
14730 |
POSADAS |
Córdoba |
|
CALLE CIPRES, 40 |
35118 |
AGUIMES |
Palmas (Las) |
|
CALLE LAS ADELFAS |
35118 |
AGUIMES |
Palmas (Las) |
|
CARRETERA SAN BARTOLOME, S/N |
35500 |
ARRECIFE |
Palmas (Las) |
|
CALLE TENERIFE |
35600 |
PUERTO DEL ROSARIO |
Palmas (Las) |
|
LUGAR CASERIO MIRANDA, 59 |
38700 |
SANTA CRUZ DE LA PALMA |
Tenerife |
There are 6 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
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Distribution of the administration board |
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Governing body : 11 members (latest change:
24/08/2007) Other Positions : 5 (latest change: 20/05/2011) Auditor : 1 (latest change: 04/11/2010) Operative Board Members : 5 (latest change: 20/01/2010) Non-current positions : 12 (latest change: 20/05/2011) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
ARENCIBIA HERNANDEZ, ARACELI |
24/08/2007 |
|
VICE-PRESIDENT |
ARENCIBIA HERNANDEZ, SERGIO |
24/08/2007 |
|
MANAGING DIRECTOR |
ARENCIBIA HERNANDEZ, MARIANELA |
24/08/2007 |
|
MANAGING DIRECTOR |
ARENCIBIA HERNANDEZ, EMILIANO |
24/08/2007 |
|
MEMBER OF THE BOARD |
ARENCIBIA HERNANDEZ, EMILIANO |
24/08/2007 |
|
MEMBER OF THE BOARD |
ARENCIBIA HERNANDEZ, MARIANELA |
24/08/2007 |
|
MEMBER OF THE BOARD |
ARENCIBIA HERNANDEZ, SERGIO |
24/08/2007 |
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|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
SANCHEZ MARICHAL AUDITORES SL |
04/11/2010 |
There are 17 board members, directors and auditors registered
Board members remuneration
Source: Annual financial report 2009
Board members remuneration: 490.573,57 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
ACOSTA RIBERO, JOSE MANUEL |
|
Financial Manager |
PEREZ LUJAN, JUAN JOSE |
|
Human Resources Director |
HERNANDEZ, ANTONIO |
|
Commercial Director |
ACOSTA JOSE, MANUEL |
|
Operations Director |
ARENCIBIA HERNANDEZ, EMILIANO |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
HERNANDEZ ARENCIBIA ARACELI |
|
35,17 |
OWN SOURCES |
21/01/2010 |
|
|
ARENCIBIA RIVERO EMILIANO |
|
35,17 |
OWN SOURCES |
21/01/2010 |
|
|
ARENCIBIA HERNANDEZ SERGIO |
|
7,24 |
OWN SOURCES |
21/01/2010 |
|
|
ARENCIBIA HERNANDEZ EMILIANO |
|
7,24 |
OWN SOURCES |
21/01/2010 |
|
|
ARENCIBIA HERNANDEZ ARACELI |
|
7,24 |
OWN SOURCES |
21/01/2010 |
|
|
ARENCIBIA HERNANDEZ MARIANELA |
|
7,00 |
OWN SOURCES |
21/01/2010 |
|
|
CELA E HIJOS SL |
B35240993 |
0,71 |
OWN SOURCES |
21/01/2010 |
|
|
EMILIANO ARENCIBIA RIVERO Y ARACELI HERNANDEZ ARENCIBIA |
|
Indef. |
OWN SOURCES |
21/01/2010 |
There are 8 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
DOCIAN HOTEL SUPPLIES COMPANY LTD |
JAMAICA |
100,00 |
TRADE REG. |
31/12/2009 |
|
|
DOCIAN DOMINICANA C.POR A |
DOMINICAN REPUBLIC |
99,40 |
TRADE REG. |
31/12/2009 |
|
|
DOCIAN HIGIENE E LIMPIEZA LDA |
CAPE VERDE ISLANDS |
99,00 |
TRADE REG. |
31/12/2009 |
|
|
EMICELA PRODUTOS ALMENTARES E BEBIDAS LDA |
|
99,00 |
TRADE REG. |
31/12/2009 |
|
|
DOCIAN MX COMERCIAL SA DE CV |
MEXICO |
99,00 |
TRADE REG. |
31/12/2009 |
|
|
TOSTADORES REUNIDOS SA |
A79221883 |
8,64 |
B.O.R.M.E. |
06/08/2008 |
There are 6 direct financial links through participations
registered
You can obtain business information of foreign companies at the
page D&B INTERNATIONAL
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
DOCIAN SL (EXTINGUIDA) |
B35340686 |
100,00 |
B.O.R.M.E. |
06/08/2008 |
|
|
GRUPO EMICELA SA (EXTINGUIDA) |
A35110725 |
100,00 |
B.O.R.M.E. |
11/01/2006 |
Company with rating inferior to 7
BUSINESS INFORMATION
Incorporation date: 15/02/1985
Establishment date: 01/01/1962
Founder’s Name: Emiliano Arencibia Rivero
Activity: Processing of tea & coffee
NACE 2009 CODE: 1083
NACE 2009 Activity: Processing of tea and coffee
Business: ELABORACION, ENVASADO Y COMERCIALIZACION DE CAFE EN
TODAS SUS VARIEDADES Y SUCEDANEOS, FRUTOS SECOS, PAPAS FRITAS Y APERITIVOS,
MANTEQUILLA OTROS DERIVADOS LACTEOS.
Latest employees figure: 140 (2010)
% of fixed employees: 65,71%
% of temporary employees: 34,29%
% of men: 70,05%
% of women: 29,95%
Employees
evolution
|
|
|
|
Source: Annual financial report 2009
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
145 |
62 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 23%
Imports from: UE Y RESTO DEL MUNDO
National Distribution: 77%
SALES
Export Percentage: 20%
Exports to: RESTO DEL MUNDO
National Distribution: 80%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
DOCIAN SL |
NO |
|
CELA E HIJOS
S.L. |
NO |
There are 2 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
DOCIAN HOTEL
SUPPLIES COMPANY LIMIT |
YES |
|
DOCIAN DOMINICANA
CPA |
YES |
|
DOCIAN HIGIENE E
LIMPIEZA LDA |
YES |
|
DOCIAN SL |
NO |
|
EMICELA PRODUTOS
ALIMENTARE E BEBIDAS LDA |
NO |
There are 5 Clients
•
El 80.50% de su cifra de negocio corresponde a
alimentacion.
•
El 11.70% de su cifra de negocio corresponde a
producto de acogida.
•
El 7.80% de su cifra de negocio corresponde a
otros.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
5201 |
C JOSE FRANCHY ROCA 000005 |
LAS PALMAS DE GRAN CANARIA |
Palmas (Las) |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
AGUIMES |
|
|
BANCO SANTANDER, S.A. |
|
|
AGUIMES |
|
|
CAIXABANK, S.A. |
|
|
AGUIMES |
|
There are 4 bank entities registered
Discount facilities: 0
Credit policy: 0
Mortgage loan: 0
Loans with no real security: 1
|
|
|
|
Entity:BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Debt type: Loans with no
real security |
Granted amount:1.150.000,00 € Source: Filed
Accounts (2009) |
|
Operation description: construcciones |
|
|
|
|
There are 1 bank operations registered
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
MORE THAN 5 YEARS |
|
|
elementos de transporte |
8.507,44 |
7.391,70 |
0,00 |
There are 1 leasing operations registered
Grants
|
|
|
|
Body-entity: GOBIERNO DE CANARIAS Grant type: Other grants
(grouped amounts or not classified) |
Nominal amount: 143.433,05 € Source: Filed
Accounts (2009) |
|
Operation description: Construcciones, intalaciones, maquinaria y
utillajes |
|
|
|
|
There are 1 grants registered
Brand name: GRAND MICHELL (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 03/05/2010
Brand name: BACONCITOS (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 23/02/2010
Brand name: FAULKNER (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 10/02/2010
Brand name: DOCI (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 02/06/2009
Brand name: DOCIAN (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 01/06/2009
There are 43 brands, signs and commercial names
LEGAL
STRUCTURE
Constitution Data
Register Date: 15/02/1985
Legal form: Joint-stock Company
Social Capital: 507.561,39 €
Paid-up capital: 507.561,39 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
B.O.R.M.E.
(OFFICIAL COMPANIES
REGISTRY GAZETTE)
Acts on activity: 1 (Last: 01/08/2008)
Acts on administrators: 31 (Last: 01/06/2011, first:
18/01/1991)
Acts on capital: 7 (Last: 21/01/2009, first:
17/11/1998)
Acts on creation: 0
Acts on filed accounts: 23 (Last: 04/11/2010, first:
19/11/1990)
Acts on identification: 1 (Last: 22/08/2007)
Acts on Information: 15 (Last: 01/06/2011, first:
18/02/1993)
Acts on proceedings: 4 (Last: 06/08/2008, first:
14/06/2005)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Other concepts |
01/06/2011 |
233869 |
Palmas (Las) |
|
Appointments |
01/06/2011 |
233868 |
Palmas (Las) |
|
Resignations |
01/06/2011 |
233867 |
Palmas (Las) |
|
Appointments |
18/05/2011 |
211914 |
Palmas (Las) |
|
Re-elections |
04/11/2010 |
407843 |
Palmas (Las) |
|
Modification of the Articles of Association |
21/01/2009 |
31212 |
Palmas (Las) |
|
Capital enlargement |
21/01/2009 |
31212 |
Palmas (Las) |
|
Resignations |
12/08/2008 |
390389 |
Palmas (Las) |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
04/11/2010 |
983887 |
Palmas (Las) |
|
Annual Filed Accounts (2008) |
30/10/2009 |
784778 |
Palmas (Las) |
|
Annual Filed Accounts (2007) |
04/07/2008 |
189403 |
Palmas (Las) |
There are 82 acts registered
PRESS ARTICLES
Press summary by type of information (last five years)
Legal notices: 3 (Last: 18/06/2008, first: 14/06/2007)
Structural Data: 0
Informative data: 3 (Last: 15/04/2011, first: 01/11/2010)
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 3 (Last: 25/11/2005, first:
26/12/2002)
Latest press article published
15/04/2011 LA PROVINCIA/DIARIO DE LAS
PALMAS (Page 28) GENERAL INFORMATION
La empresa de alimentación EMICELA cuenta desde el 14/04/11 con la mayor
planta de generación de energía fotovoltaica instalada sobre cubierta de las
Islas. En concreto, ocupa un área de 14.000 metros cuadrados. Las placas,
colocadas sobre los tejados de la fábrica y el almacén que la empresa posee en
el polígono industrial de Arinaga (Agüimes), generarán 2,6 gigavatios hora. La
inversión realizada por BANKIA, banco en que se inscribe LA CAJA DE CANARIAS,
es de 6 millones de euros, con cargo a la Reserva de Inversiones de
Canarias.
31/01/2011 LA PROVINCIA/DIARIO DE LAS
PALMAS (Page 25) GENERAL INFORMATION
LA CAJA INSULAR DE AHORROS (LA CAJA) y la empresa EMICELA acaban de
montar la mayor huerta solar en cubierta de toda Canarias. Esta estrategia
empresarial cuyo objetivo es diversificar en busca de nuevas fuentes de
financiación, ha supuesto una inversión de 8 millones de euros. La planta
comenzó a operar el 23/12/10 y cuenta con una superficie de 17.000 metros
cuadrados. Esta moderna instalación, que esta ubicada en el Polígono Industrial
de Arinaga, podría estar amortizada en 10 años.
01/11/2010 LA PROVINCIA/DIARIO DE LAS
PALMAS (Page 15) GENERAL INFORMATION
EMICELA es una de las empresas más internacionales de Canarias, ya que
unas 300.000 personas consumen a diario algunos de los productos en hoteles de
las cadenas más importantes del mundo y grupos de alimentación de unos 40
países.
Si en el año 1985 esta empresa familiar producía unas 3.000 toneladas
anuales, ahora se acerca a las 15.000 toneladas.
La empresa, que factura unos 70 millones de euros con la previsión de
seguir creciendo, estudia entrar en el mercado africano, sobre todo Marruecos y
Túnez. Asimismo, prevé entrar en Panamá, Jamaica, Cuba y Miami.
18/06/2008 LA PROVINCIA/DIARIO DE LAS
PALMAS - LEGAL ANNOUNCEMENTS
EN LA JUNTA GRAL. EXTRAORDINARIA Y UNIVERSAL DE EMICELA SA, CELEBRADA EL
17/04/08, SE ACORDO MODIFICAR EL OBJETO SOCIAL, QUEDANDO COMO SIGUE:
ELABORACION, ENVASADO Y COMERCIALIZACION DE CAFE EN TODAS SUS VARIEDADES Y
SUCEDANEOS, TE, MANZANILLA Y DEMAS HIERBAS AROMATICAS PARA INFUSIONES, FRUTOS
SECOS, PAPAS FRITAS Y APERITIVOS, MANTEQUILLA Y DERIVADOS LACTEOS, AZUCAR,
CARAMELOS, CONFITERIA, PASTELERIA Y HELADERIA. ASICOMO, PRODUCTOS DE COSMECA E
HIGIENE PERSONAL, PRODUCTOS DE ACOGIDA Y COMPLEMENTOS PARA LA HOSTELERIA,
PRODUCTOS TEXTILES Y MENAJE. IMPORTACION, FABRICACION, COMERCIALIZACION Y DISTRIBUCION
DE PRODUCTOS ALIMENTICIOS, ENTRE OTRAS ACTIVIDADES.
03/05/2008 LA PROVINCIA/DIARIO DE LAS
PALMAS - LEGAL ANNOUNCEMENTS
EN JUNTAS UNIVERSALES DE EMICELA SA (SDAD. ABSORBENTE) Y DE DOCIAN SL
(SDAD. ABSORBIDA) CELEBRADAS EL 01/05/08 ACORDARON LA FUSION POR ABSORCION DE
LA ULTIMA POR PARTE DE LA PRIMERA. NO ES NECESARIO REALIZAR AMPLIACION DE
CAPITAL EN LA SDAD. ABSORBENTE AL SER EMICELA SA TITULAR DE TODAS LAS
PARTICIPACIONES DE DOCIAN SL.
There are 9 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.
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 Mercantile Register file of the legal address of the Company and dated 01/12/2010.
The shaded amounts in the following financial statements have been converted to the norms established in the PGC2007 derived from RD 1514/2007 and 1515/2007, this way comparatives could be shown with the amounts of exercises initiated from 1/01/08.
This theoretical conversion exercise has been carried out from the financial statements contained in the accounting information presented on the Trade Register, and elaborated under the accounting norms and principles collected in PGC90 derived from RD 1643/1990, not taking into account any other type of information; for this reason the conversion exercise could include certain inaccuracies.
SITUATION
BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
54.225.907,05 |
59,48 |
54.697.092,21 |
61,57 |
43.273.533,42 |
62,67 |
|
I. Intangible assets |
546.954,38 |
0,60 |
776.994,28 |
0,87 |
314.366,21 |
0,46 |
|
3. Patents, licences , trademarks and similars |
20.483,57 |
0,02 |
33.476,45 |
0,04 |
|
|
|
4. Goodwill |
285.985,55 |
0,31 |
429.418,60 |
0,48 |
|
|
|
5. Software |
238.576,84 |
0,26 |
312.499,72 |
0,35 |
|
|
|
7. Other intangible assets |
1.908,42 |
0,00 |
1.599,51 |
0,00 |
|
|
|
II. Tangible fixed assets |
48.553.849,35 |
53,26 |
48.866.227,24 |
55,00 |
42.896.213,05 |
62,13 |
|
1. Property, plant and equipment |
37.347.352,37 |
40,97 |
38.193.515,74 |
42,99 |
|
|
|
2. Technical fittings and other tangible assets |
10.530.376,04 |
11,55 |
4.237.593,90 |
4,77 |
|
|
|
3. Fixed assets in progress and advances |
676.120,94 |
0,74 |
6.435.117,60 |
7,24 |
|
|
|
III. Real-estate investments |
4.082.066,11 |
4,48 |
4.077.347,30 |
4,59 |
|
|
|
1. Lands |
3.820.485,91 |
4,19 |
3.810.903,99 |
4,29 |
|
|
|
2. Buildings |
261.580,20 |
0,29 |
266.443,31 |
0,30 |
|
|
|
IV. Long term investments in associated and affiliated companies |
533.776,44 |
0,59 |
529.861,70 |
0,60 |
62.848,59 |
0,09 |
|
1. Net worth instruments |
253.776,44 |
0,28 |
296.099,42 |
0,33 |
62.848,59 |
0,09 |
|
2. Credits to companies |
280.000,00 |
0,31 |
233.762,28 |
0,26 |
|
|
|
V. Long Term Financial Investments |
153.952,08 |
0,17 |
53.952,08 |
0,06 |
105,57 |
0,00 |
|
1. Net worth instruments |
3.846,51 |
0,00 |
3.846,51 |
0,00 |
|
|
|
3. Debt representative values |
50.000,00 |
0,05 |
50.000,00 |
0,06 |
|
|
|
5. Other financial assets |
100.105,57 |
0,11 |
105,57 |
0,00 |
105,57 |
0,00 |
|
VI. Assets by deferred taxes |
355.308,69 |
0,39 |
392.709,61 |
0,44 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
36.934.808,11 |
40,52 |
34.146.528,23 |
38,43 |
25.772.285,05 |
37,33 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
13.430.053,96 |
14,73 |
15.062.589,13 |
16,95 |
15.961.341,61 |
23,12 |
|
1. Goods available for sale |
12.300.591,39 |
13,49 |
15.042.157,37 |
16,93 |
|
|
|
6. Pre-payments to suppliers |
1.129.462,57 |
1,24 |
20.431,76 |
0,02 |
|
|
|
III. Trade Debtors and other receivable accounts |
22.012.985,64 |
24,15 |
18.521.727,66 |
20,85 |
9.276.510,23 |
13,44 |
|
1. Clients |
12.852.848,91 |
14,10 |
10.381.173,93 |
11,68 |
6.994.433,65 |
10,13 |
|
b) Clients for sales and short term services
rendering |
12.852.848,91 |
14,10 |
10.381.173,93 |
11,68 |
|
|
|
2. Clients group and associated companies |
7.540.342,42 |
8,27 |
6.640.759,36 |
7,47 |
1.421.377,74 |
2,06 |
|
3. Other debts |
497.577,83 |
0,55 |
230.776,12 |
0,26 |
183.165,45 |
0,27 |
|
4. Staff |
20.972,59 |
0,02 |
18.136,02 |
0,02 |
20.010,00 |
0,03 |
|
5. Assets by current taxes |
705.141,50 |
0,77 |
70.357,32 |
0,08 |
|
|
|
6. Other credits with the Public Administrations |
396.102,39 |
0,43 |
1.180.524,91 |
1,33 |
657.523,39 |
0,95 |
|
IV. Short term investments in associated and affiliated companies |
34.957,20 |
0,04 |
395.962,40 |
0,45 |
361.183,32 |
0,52 |
|
2. Credits to companies |
34.957,20 |
0,04 |
395.962,40 |
0,45 |
361.183,32 |
0,52 |
|
V. Short term financial investments |
33.949,78 |
0,04 |
33.949,78 |
0,04 |
11.669,02 |
0,02 |
|
5. Other financial assets |
33.949,78 |
0,04 |
33.949,78 |
0,04 |
11.669,02 |
0,02 |
|
VI. Short term periodifications |
6.569,77 |
0,01 |
6.569,77 |
0,01 |
|
|
|
VII. Cash and equivalents |
1.416.291,76 |
1,55 |
125.729,49 |
0,14 |
161.580,87 |
0,23 |
|
1. Treasury |
1.416.291,76 |
1,55 |
125.729,49 |
0,14 |
161.580,87 |
0,23 |
|
TOTAL ASSETS (A + B) |
91.160.715,16 |
100,00 |
88.843.620,44 |
100,00 |
69.045.818,47 |
100,00 |
Alerts associated to the conversion to PGC2007
In the conversion process “Goodwill”
have been identified for which there are not enough information so as to
conclude whether or not value deterioration adjustments are necessaries for
this exercise, nor could it be identified the amortization expenses for the
mentioned exercise. The amount of the Goodwill at the closing of the subsequent
exercise reaches %1.
In the conversion process part of the
item “Property, plant and equipment” that under PGC2007 should be classified
within the item “Real-estate Investments” that in the subsequent exercise
presents a balance of %1.
In the conversion process there has
been estimated that the total item 143070 “Provisions on debtors” according to
PGC90, for %1, is associated to “Clients for sales and services rendering”.
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 |
39.049.290,08 |
42,84 |
37.876.494,63 |
42,63 |
40.164.244,46 |
58,17 |
|
A-1) Equity |
39.878.343,69 |
43,75 |
38.649.383,99 |
43,50 |
40.160.120,39 |
58,16 |
|
I. Capital |
507.561,39 |
0,56 |
507.561,39 |
0,57 |
506.659,86 |
0,73 |
|
1. Authorized capital |
507.561,39 |
0,56 |
507.561,39 |
0,57 |
506.659,86 |
0,73 |
|
II. Issue premium |
3.306.627,06 |
3,63 |
3.306.627,06 |
3,72 |
3.236.069,31 |
4,69 |
|
III. Reserves |
34.835.195,54 |
38,21 |
33.223.334,10 |
37,40 |
35.585.464,85 |
51,54 |
|
1. Legal and statutory |
101.512,28 |
0,11 |
101.331,97 |
0,11 |
101.331,97 |
0,15 |
|
2. Other funds |
34.733.683,26 |
38,10 |
33.122.002,13 |
37,28 |
35.484.132,88 |
51,39 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
1.228.959,70 |
1,35 |
1.611.861,44 |
1,81 |
831.926,37 |
1,20 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
-829.053,61 |
-0,91 |
-916.322,41 |
-1,03 |
4.124,07 |
0,01 |
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
-829.053,61 |
-0,91 |
-916.322,41 |
-1,03 |
|
|
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
4.124,07 |
0,01 |
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
143.433,05 |
0,16 |
|
|
|
B) NON CURRENT LIABILITIES |
21.869.037,24 |
23,99 |
24.557.389,65 |
27,64 |
11.552.457,40 |
16,73 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
17.711.312,61 |
19,43 |
20.399.665,02 |
22,96 |
11.552.457,40 |
16,73 |
|
2. Debts with bank entities |
17.521.291,50 |
19,22 |
19.505.446,41 |
21,95 |
11.550.549,40 |
16,73 |
|
3. Financial leasing creditors |
7.391,70 |
0,01 |
15.147,30 |
0,02 |
|
|
|
5. Other financial liabilities |
182.629,41 |
0,20 |
879.071,31 |
0,99 |
1.908,00 |
0,00 |
|
III. Long term debts with associated and affiliated companies |
4.096.253,33 |
4,49 |
4.096.253,33 |
4,61 |
|
|
|
IV. Liabilities by deferred taxes |
61.471,30 |
0,07 |
61.471,30 |
0,07 |
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
30.242.387,84 |
33,17 |
26.409.736,16 |
29,73 |
17.329.116,61 |
25,10 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
4.715,11 |
0,01 |
6.896,04 |
0,01 |
|
|
|
III. Short term debts |
14.572.376,59 |
15,99 |
13.119.200,15 |
14,77 |
8.013.661,79 |
11,61 |
|
2. Debts with bank entities |
13.395.348,33 |
14,69 |
11.002.256,41 |
12,38 |
8.006.994,02 |
11,60 |
|
3. Financial leasing creditors |
8.507,44 |
0,01 |
8.128,70 |
0,01 |
|
|
|
5. Other financial liabilities |
1.168.520,82 |
1,28 |
2.108.815,04 |
2,37 |
6.667,77 |
0,01 |
|
IV. Short term debts with associated and affiliated companies |
447.924,46 |
0,49 |
335.709,05 |
0,38 |
|
|
|
V. Trade creditors and other payable accounts |
15.157.909,03 |
16,63 |
12.898.829,81 |
14,52 |
9.315.454,82 |
13,49 |
|
1. Suppliers |
13.048.316,79 |
14,31 |
11.417.366,91 |
12,85 |
8.594.324,52 |
12,45 |
|
b) Short term suppliers |
13.048.316,79 |
14,31 |
11.417.366,91 |
12,85 |
|
|
|
2. Suppliers group and associated companies |
|
|
|
|
549.616,89 |
0,80 |
|
3. Different creditors |
1.612.396,55 |
1,77 |
811.805,86 |
0,91 |
|
|
|
4. Staff (pending remunerations) |
53.011,36 |
0,06 |
383.136,32 |
0,43 |
11.218,21 |
0,02 |
|
6. Other debts with Public Administrations |
264.455,01 |
0,29 |
277.178,80 |
0,31 |
158.795,20 |
0,23 |
|
7. Clients pre-payments |
179.729,32 |
0,20 |
9.341,92 |
0,01 |
1.500,00 |
0,00 |
|
VI. Short term periodifications |
59.462,65 |
0,07 |
49.101,11 |
0,06 |
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
91.160.715,16 |
100,00 |
88.843.620,44 |
100,00 |
69.045.818,47 |
100,00 |
Alerts associated to the conversion to PGC2007
In the conversion process it has not
been possible to breakdown the composition of liabilities originated by debts
with the public administrations; for this reason the mentioned amounts are
presented fully aggregated in the item “other debts with the public
administrations”
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
31/12/2007 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
56.904.390,46 |
98,08 |
55.694.770,93 |
98,30 |
35.502.252,94 |
96,80 |
|
A) Sales |
56.848.947,90 |
97,99 |
55.621.973,56 |
98,17 |
35.441.582,63 |
96,63 |
|
b) Services provided |
55.442,56 |
0,10 |
72.797,37 |
0,13 |
60.670,31 |
0,17 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
19.492,29 |
0,03 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-43.371.873,16 |
-74,76 |
-42.203.339,63 |
-74,48 |
-27.270.065,76 |
-74,35 |
|
a) Material consumed |
-38.298.093,56 |
-66,01 |
-36.461.261,74 |
-64,35 |
-24.234.427,23 |
-66,07 |
|
b) Raw materials consumed |
-4.545.145,27 |
-7,83 |
-5.370.806,05 |
-9,48 |
-3.012.876,90 |
-8,21 |
|
c) Works carried out for other companies |
-528.634,33 |
-0,91 |
-371.271,84 |
-0,66 |
-22.761,63 |
-0,06 |
|
5. Other operating income |
1.111.090,90 |
1,92 |
965.936,79 |
1,70 |
1.174.984,96 |
3,20 |
|
a) Other incomes |
435.229,80 |
0,75 |
245.641,26 |
0,43 |
24.816,26 |
0,07 |
|
b) Operating grants included in the exercise result |
675.861,10 |
1,16 |
720.295,53 |
1,27 |
1.150.168,70 |
3,14 |
|
6. Labour cost |
-6.295.400,83 |
-10,85 |
-5.705.891,51 |
-10,07 |
-3.644.483,24 |
-9,94 |
|
a) Wages and similar expenses |
-4.950.940,67 |
-8,53 |
-4.471.981,30 |
-7,89 |
|
|
|
b) Social costs |
-1.344.460,16 |
-2,32 |
-1.233.910,21 |
-2,18 |
|
|
|
7. Other operating costs |
-4.300.797,97 |
-7,41 |
-3.857.829,48 |
-6,81 |
-2.483.355,22 |
-6,77 |
|
a) External services |
-3.992.962,38 |
-6,88 |
-3.777.400,41 |
-6,67 |
-2.221.387,71 |
-6,06 |
|
b) Taxes |
-124.078,99 |
-0,21 |
-78.466,24 |
-0,14 |
-95.533,81 |
-0,26 |
|
c) Losses, deterioration and variation on business operations
provisions |
-183.756,60 |
-0,32 |
-1.962,83 |
0,00 |
-141.820,45 |
-0,39 |
|
d) Other day to day expenses |
|
|
|
|
-24.613,25 |
-0,07 |
|
8. Amortization of fixed assets |
-1.754.974,25 |
-3,03 |
-1.579.464,89 |
-2,79 |
-1.419.099,24 |
-3,87 |
|
9. Allocation of subventions on non financial investments and other |
|
|
15.944,43 |
0,03 |
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
5.241,15 |
0,01 |
35.168,93 |
0,06 |
-84.274,31 |
-0,23 |
|
b) Results for disposals and others |
5.241,15 |
0,01 |
35.168,93 |
0,06 |
-84.274,31 |
-0,23 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-21.482,39 |
-0,04 |
23.708,15 |
0,04 |
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
2.276.193,91 |
3,92 |
3.408.496,01 |
6,02 |
1.775.960,13 |
4,84 |
|
14. Financial income |
22.727,08 |
0,04 |
45.130,55 |
0,08 |
21.659,61 |
0,06 |
|
b) From negotiable values and other financial instruments |
22.727,08 |
0,04 |
45.130,55 |
0,08 |
21.659,61 |
0,06 |
|
b 1) From group and associated companies |
11.302,66 |
0,02 |
1.253,17 |
0,00 |
21.134,45 |
0,06 |
|
b 2) From third parties |
11.424,42 |
0,02 |
43.877,38 |
0,08 |
525,16 |
0,00 |
|
15. Financial expenses |
-999.791,60 |
-1,72 |
-1.745.173,96 |
-3,08 |
-968.691,69 |
-2,64 |
|
a) For debts with associated and affiliated companies |
|
|
-84.296,77 |
-0,15 |
-22.581,08 |
-0,06 |
|
b) For debts with third parties |
-999.791,60 |
-1,72 |
-1.660.877,19 |
-2,93 |
-946.110,61 |
-2,58 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-70.169,69 |
-0,12 |
-96.591,16 |
-0,17 |
2.998,32 |
0,01 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-1.047.234,21 |
-1,81 |
-1.796.634,57 |
-3,17 |
-944.033,76 |
-2,57 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
1.228.959,70 |
2,12 |
1.611.861,44 |
2,84 |
831.926,37 |
2,27 |
|
20. Taxes on profits |
|
|
|
|
|
|
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
1.228.959,70 |
2,12 |
1.611.861,44 |
2,84 |
831.926,37 |
2,27 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
1.228.959,70 |
2,12 |
1.611.861,44 |
2,84 |
831.926,37 |
2,27 |
Alerts associated to the conversion to PGC2007
Valuation norms applicable to Financial
instruments collected in PGC2007 present notable changes with respect to PGC90.
As a consequence, the conversion of the financial statements of the accounts to
PGC2007, carried out considering mainly classification changes in the accounts
might contain certain inaccuracies.
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 (1/3) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
1.228.959,70 |
1.611.861,44 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
I. For valuation of financial instruments |
|
|
|
II. Cash flow coverage |
|
-1.309.032,02 |
|
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 |
|
392.709,61 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
-916.322,41 |
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
VIII. For valuation of financial instruments |
|
|
|
IX. Cash flow coverage |
124.669,72 |
|
|
X. Received legacies, grants and subventions |
|
-23.916,63 |
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
XII. Conversion differences |
|
|
|
XIII. Tax effect |
-37.400,92 |
7.174,89 |
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
87.268,80 |
-16.741,74 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
1.316.228,50 |
678.797,29 |
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
506.659,86 |
3.236.069,31 |
35.585.464,85 |
831.926,37 |
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
-3.191.068,74 |
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
506.659,86 |
3.236.069,31 |
32.394.396,11 |
831.926,37 |
|
I. Total recognized income and expenses |
|
|
|
678.797,29 |
|
II. Operations with partners or owners |
901,53 |
70.557,75 |
|
|
|
1. Capital Increases |
901,53 |
70.557,75 |
|
|
|
III. Other net worth variations |
|
|
828.937,99 |
101.137,78 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
507.561,39 |
3.306.627,06 |
33.223.334,10 |
1.611.861,44 |
|
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) |
507.561,39 |
3.306.627,06 |
33.223.334,10 |
1.611.861,44 |
|
I. Total recognized income and expenses |
|
|
|
1.228.959,70 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
1.611.861,44 |
-1.611.861,44 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
507.561,39 |
3.306.627,06 |
34.835.195,54 |
1.228.959,70 |
|
NET WORTH CHANGES ( 3 /3) |
VALUE CHANGES ADJUSTMENT |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
|
40.160.120,39 |
|
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
-3.191.068,74 |
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
|
|
36.969.051,65 |
|
|
I. Total recognized income and expenses |
|
|
678.797,29 |
|
|
II. Operations with partners or owners |
|
|
71.459,28 |
|
|
1. Capital Increases |
|
|
71.459,28 |
|
|
III. Other net worth variations |
-916.322,41 |
143.433,05 |
157.186,41 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-916.322,41 |
143.433,05 |
37.876.494,63 |
|
|
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) |
-916.322,41 |
143.433,05 |
37.876.494,63 |
|
|
I. Total recognized income and expenses |
87.268,80 |
|
1.316.228,50 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
-143.433,05 |
-143.433,05 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
-829.053,61 |
|
39.049.290,08 |
|
CASH FLOW STATUS
Figures given in €
|
|
31/12/2009 (12) |
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
1. exercise result before taxes |
1.228.959,70 |
1.611.861,44 |
|
2. Results adjustments |
2.101.035,23 |
1.724.845,04 |
|
a) Amortization of fixed assets (+) |
1.754.974,26 |
1.579.500,89 |
|
b) Value correction for deterioration (+/-) |
183.756,60 |
1.926,83 |
|
d) Grants allocation (-) |
|
-15.944,43 |
|
e) Results for decline and disposal of fixed assets (+/-) |
-5.241,15 |
-35.168,93 |
|
f) Financial expenses (+) |
42.875,80 |
97.599,02 |
|
i) Change difference (+/-) |
124.669,72 |
96.931,66 |
|
3. Changes in current capital |
-341.903,21 |
-6.103.488,46 |
|
a) Stocks (+/-) |
2.741.565,98 |
919.184,24 |
|
b) Debtors and other receivable accounts (+/-) |
-3.291.881,07 |
-9.272.061,61 |
|
c) Other current assets (+/-) |
83.373,95 |
|
|
d) Creditors and other payable accounts (+/-) |
1.363.870,48 |
4.271.329,68 |
|
e) Other current liabilities (+/-) |
-329.724,96 |
|
|
f) Other non-current assets and liabilities (+/-) |
-909.107,59 |
1.041.620,46 |
|
4. Other cash flow coming from operating activities |
55.614,46 |
17.019,03 |
|
c) Interests collections (+) |
55.614,46 |
|
|
d) Collections (payments) for profit tax (+/-) |
|
17.019,03 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
3.043.706,18 |
-2.749.762,95 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
6. Investment payments (-) |
-1.601.127,53 |
-6.252.825,66 |
|
b) Intangible assets |
-67.687,96 |
-106.255,93 |
|
c) Tangible assets |
-1.423.857,65 |
-5.529.800,71 |
|
d) Real state investments |
-9.581,92 |
|
|
e) Other financial assets |
-100.000,00 |
-76.161,06 |
|
h) Other assets |
|
-540.607,96 |
|
7. Disinvestment collections (+) |
145.660,35 |
87.828,83 |
|
c) Tangible assets |
145.660,35 |
87.828,83 |
|
8. Cash Flow in investment activities (6 + 7) |
-1.455.467,18 |
-6.164.996,83 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
9. Net worth instruments collections and payments |
|
71.459,28 |
|
a) Net worth instruments issue (+) |
|
71.459,28 |
|
10. Financial liabilities instruments collections and payments |
-297.676,73 |
8.904.380,78 |
|
a) Issue |
500.000,00 |
8.904.380,78 |
|
2. Debts with bank entities (+) |
500.000,00 |
3.930.964,14 |
|
3. Debts with group and associated companies (+) |
|
4.096.253,33 |
|
5. Other debts (+) |
|
877.163,31 |
|
b) Return and amortization of |
-797.676,73 |
|
|
2. Debts with bank entities (-) |
-141.694,39 |
|
|
5. Other debts (-) |
-655.982,34 |
|
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-297.676,73 |
8.975.840,06 |
|
D) Exchange rate variations effect |
|
-96.931,66 |
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
1.290.562,27 |
-35.851,38 |
|
Cash or equivalents at the beginning of the exercise |
125.729,49 |
161.580,87 |
|
Cash or equivalents at the end of the exercise |
1.416.291,76 |
125.729,49 |
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
6.692.420,27 |
-13,50 |
7.736.792,07 |
-8,37 |
8.443.168,44 |
|
Working capital ratio |
0,07 |
-22,22 |
0,09 |
-25,00 |
0,12 |
|
Soundness Ratio |
0,74 |
4,23 |
0,71 |
-23,66 |
0,93 |
|
Average Collection Period (days) |
139 |
16,22 |
120 |
27,59 |
94 |
|
Average Payment Period (days) |
118 |
13,94 |
103 |
-8,31 |
113 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
122,13 |
-5,54 |
129,30 |
-13,06 |
148,72 |
|
Quick Ratio (%) |
4,80 |
686,89 |
0,60 |
-39,00 |
1,00 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
40,40 |
-5,43 |
42,72 |
50,74 |
28,34 |
|
External Financing Average Cost |
0,03 |
-40,00 |
0,05 |
0,00 |
0,05 |
|
Debt Service Coverage |
12,10 |
187,68 |
-13,80 |
-258,80 |
8,69 |
|
Interest Coverage |
2,28 |
16,92 |
1,95 |
6,56 |
1,83 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
5,35 |
208,30 |
-4,94 |
-177,92 |
6,34 |
|
Auto financing generated by Assets (%) |
3,34 |
208,09 |
-3,10 |
-194,79 |
3,26 |
|
Breakdown Point |
1,04 |
-2,80 |
1,06 |
1,90 |
1,05 |
|
Average Sales Volume per Employee |
278.943,09 |
15,19 |
242.151,18 |
-4,51 |
253.587,52 |
|
Average Cost per Employee |
30.859,81 |
24,39 |
24.808,22 |
-4,70 |
26.032,02 |
|
Assets Turnover |
0,62 |
-1,59 |
0,63 |
23,53 |
0,51 |
|
Inventory Turnover (days) |
112 |
-13,17 |
129 |
-38,97 |
211 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,50 |
-34,90 |
3,84 |
49,42 |
2,57 |
|
Operating Profitability (%) |
4,43 |
-21,59 |
5,65 |
25,28 |
4,50 |
|
Return on Equity (ROE) (%) |
3,08 |
-26,14 |
4,17 |
101,45 |
2,07 |
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 |
59,48 |
51,26 |
8,23 |
|
A) CURRENT ASSETS |
40,52 |
48,74 |
-8,23 |
|
LIABILITIES |
|||
|
A) NET WORTH |
42,84 |
40,67 |
2,17 |
|
B) NON CURRENT LIABILITIES |
23,99 |
26,44 |
-2,45 |
|
C) CURRENT LIABILITIES |
33,17 |
32,90 |
0,28 |
|
|
|
|
|
Analytical Account of Results
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
98,08 |
94,42 |
3,66 |
|
Other operating income |
1,92 |
5,58 |
-3,66 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-74,76 |
-53,76 |
-21,00 |
|
Variation in stocks of finished goods and work in progress |
|
1,20 |
|
|
GROSS MARGIN |
25,24 |
47,44 |
-22,20 |
|
Other operating costs |
-7,41 |
-20,87 |
13,46 |
|
Labour cost |
-10,85 |
-13,92 |
3,08 |
|
GROSS OPERATING RESULT |
6,98 |
12,65 |
-5,67 |
|
Amortization of fixed assets |
-3,03 |
-4,92 |
1,90 |
|
Deterioration and result for fixed assets disposal |
0,01 |
2,73 |
-2,72 |
|
Other expenses / income |
-0,04 |
|
|
|
NET OPERATING RESULT |
3,92 |
10,45 |
-6,53 |
|
Financial result |
-1,81 |
-1,65 |
-0,16 |
|
RESULT BEFORE TAX |
2,12 |
8,80 |
-6,68 |
|
Taxes on profits |
|
-2,76 |
|
|
RESULT COMING FROM CONTINUED OPERATIONS |
2,12 |
|
|
|
NET RESULT |
2,12 |
6,04 |
-3,92 |
Main Ratios
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
6.692.420,27 |
1.000.102,69 |
2.567.988,82 |
5.957.049,27 |
|
Working capital ratio |
0,07 |
0,08 |
0,21 |
0,34 |
|
Soundness Ratio |
0,74 |
0,44 |
1,00 |
1,70 |
|
Average Collection Period (days) |
139 |
65 |
101 |
122 |
|
Average Payment Period (days) |
118 |
48 |
81 |
88 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
122,13 |
1,22 |
1,61 |
2,38 |
|
Quick Ratio (%) |
4,80 |
0,03 |
0,18 |
0,69 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
40,40 |
12,96 |
29,01 |
45,12 |
|
External Financing Average Cost |
0,03 |
0,05 |
0,05 |
0,08 |
|
Debt Service Coverage |
12,10 |
0,88 |
3,84 |
5,82 |
|
Interest Coverage |
2,28 |
1,93 |
3,04 |
11,19 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
5,35 |
7,50 |
9,14 |
15,07 |
|
Auto financing generated by Assets (%) |
3,34 |
7,52 |
9,28 |
16,69 |
|
Breakdown Point |
1,04 |
1,06 |
1,08 |
1,14 |
|
Average Sales Volume per Employee |
278.943,09 |
154.796,36 |
253.587,52 |
279.953,60 |
|
Average Cost per Employee |
30.859,81 |
24.101,99 |
34.669,29 |
41.953,80 |
|
Assets Turnover |
0,62 |
0,74 |
1,02 |
1,30 |
|
Inventory Turnover (days) |
112 |
58 |
78 |
134 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,50 |
5,27 |
7,43 |
13,39 |
|
Operating Profitability (%) |
4,43 |
10,17 |
12,76 |
19,70 |
|
Return on Equity (ROE) (%) |
3,08 |
5,99 |
18,07 |
23,10 |
ADDITIONAL INFORMATION
This company has been consulted was last displayed on 15/09/2011,
46 times in the last quarter and 1.948 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.84 |
|
UK Pound |
1 |
Rs.75.40 |
|
Euro |
1 |
Rs.65.68 |
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.