MIRA INFORM REPORT
|
Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
MUNDI UNION SL |
|
|
|
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Registered Office : |
Camino Sagraments (Pg Ind Sant Ermengol Ii), 65 - Nave 22 08630 Abrera Barcelona |
|
|
|
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Country : |
Spain |
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|
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|
Financials (as on) : |
31.12.2008 |
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|
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|
Date of Incorporation : |
11.02.1994 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Wholesale of leather goods |
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|
|
|
No. of Employees
: |
13 |
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 : |
55.000,00 € |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 & address
MUNDI UNION SL
CIF/NIF: B60493830
Answer to the data
in your request
The data of your request have been confirmed and are correct.
Information
associated to the latest filed account
In answer to your request Financial report , we do inform you that we
cannot provide you the requested Report as the accounts obtained from the
Commercial Registry could not be loaded in the database. Nevertheless find
attached the filed annual financial statement.
EXECUTIVE SUMMARY
Identification
Current Business Name: MUNDI UNION SL
Other names: YES
Current Address: CAMINO SAGRAMENTS (PG IND SANT
ERMENGOL II), 65 - NAVE 22
Telephone number: 937704111 Fax: 937700892
URL: www.mundiunion.com
Corporate e-mail: mail@mundiunion.com
Trade Risk
Credit appraisal: 55.000,00 €
Incidents: NO
R.A.I.: NO
Financial
Information
Latest sales known (2011): 2.500.000,00
€ (Estimated)
Balance sheet latest sales (2008): 2.236.028,34 € (Commercial Registry)
Result: -30.579,94 €
Total Assets: 2.302.872,66 €
Share capital: 363.605,06 €
Employees: 13
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 11/02/1994
Activity: Wholesale of other products
NACE 2009 CODE: 4690
International Operations: Imports and
Exports
Corporate Structure
Sole Administrator:
Other
Complementary Information
Latest filed accounts in the Commercial Registry: 2010
Latest act published in BORME: 26/10/2011 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 16/04/2012.
The information contained in this report has been investigated and
contrasted on 10/04/2012
Credit
appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 55.000,00 €
Financial Situation
|
Exercise:2008 |
|
|||
|
Profitability |
|
Average |
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|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Superior |
Rating Explication
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is very
small depending on its sales volume.
•
The employees evolution has been negative.
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 |
|
14/10/2011 |
Reduction |
13 |
•
Obsolescence of the available financial
information. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
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
13/04/2012 15:04:58
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
The shaded amounts in the following financial statements have been converted to the norms established in the PGC2007 derived from RD 1514/2007 and 1515/2007, this way comparatives could be shown with the amounts of exercises initiated from 1/01/08.
Figures given in €
|
|
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
31/12/2007 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
A) NON CURRENT ASSETS |
167.093,35 |
7,26 |
125.964,34 |
5,13 |
|
B) CURRENT ASSETS |
2.135.779,31 |
92,74 |
2.329.722,08 |
94,87 |
|
LIABILITIES |
|
|
|
|
|
A) NET WORTH |
996.755,38 |
43,28 |
1.031.662,13 |
42,01 |
|
B) NON CURRENT LIABILITIES |
119.444,42 |
5,19 |
50.196,19 |
2,04 |
|
C) CURRENT LIABILITIES |
1.186.672,86 |
51,53 |
1.373.828,10 |
55,94 |
Profit and Loss
Account Analysis
Figures given in €
|
|
2011 ESTIMATED |
2010 OWN SOURCES |
2009 OWN SOURCES |
|
SALES |
2.500.000,00 |
2.675.764,74 |
2.324.798,57 |
|
NET RESULT |
|
60.778,67 |
30.666,42 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
7,26 |
33,30 |
-26,04 |
|
|
|
|
|
A) CURRENT ASSETS |
92,74 |
66,70 |
26,04 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
43,28 |
37,86 |
5,43 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
5,19 |
18,08 |
-12,90 |
|
|
|
|
|
C) CURRENT LIABILITIES |
51,53 |
44,06 |
7,47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
99,02 |
98,91 |
0,11 |
|
|
|
|
|
GROSS MARGIN |
63,40 |
38,70 |
24,70 |
|
|
|
|
|
EBITDA |
-2,61 |
5,14 |
-7,75 |
|
|
|
|
|
EBIT |
-4,81 |
3,02 |
-7,83 |
|
|
|
|
|
NET RESULT |
-1,35 |
1,32 |
-2,67 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 469
Number of companies: 1718
Size (sales figure): 0 - 2,800,000.00 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 |
60.778,67 |
Legal Reserve |
206,58 |
|
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 |
57.591,93 |
|
Total of Amounts to be distributed |
60.778,67 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
2.980,16 |
|
|
|
Application total |
60.778,67 |
company
ADDRESSES
Current Legal Seat Address:
CAMINO SAGRAMENTS (PG IND SANT ERMENGOL II), 65 - NAVE 22
08630 ABRERA BARCELONA
Previous Seat Address:
AVENIDA SANT ILDEFONS 20
08940 CORNELLA
DE LLOBREGAT BARCELONA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CAMINO SAGRAMENTS, 65 |
08630 |
ABRERA |
Barcelona |
There are 1 former branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
02/01/2008)
Other Positions : 3 (latest change: 05/06/2001)
Operative Board Members : 3 (latest change: 28/03/2011)
Non-current positions : 3 (latest change: 02/01/2008)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
MONTERO YAGUE, JAIME |
02/01/2008 |
|
|
|
|
There are 4 board members, directors and auditors registered
|
POSITION |
NAME AND SURNAME |
|
General Manager |
MONTERO, JAIME |
|
Commercial Director |
ZAGNONI, FRANCESCO |
|
Imports Director |
MONTERO, JAIME |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
MONTERO YAGUE JAIME |
|
Indef. |
OWN SOURCES |
10/04/2012 |
There are 1 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
MONTERO MARTIN FRANCISCO |
|
50,00 |
OWN SOURCES |
10/04/2012 |
|
|
YAGUE ALDEA MARIA PILAR |
|
50,00 |
OWN SOURCES |
10/04/2012 |
BUSINESS INFORMATION
Incorporation date: 11/02/1994
Establishment date: 01/01/1994
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Wholesale of other products
NACE 2009 CODE: 4690
NACE 2009 Activity: Non-specialised wholesale trade
Business: FABRICACION, EXPORTACION, IMPORTACION, VENTA Y
EXPOSICION AL DETALL Y MAYOR DE PRODUCTOS, INSTRUMENTOS Y UTENSILIOS
RELACIONADOS CON LA MEDICINA ALTERNATIVA, TRADICIONAL Y ACADEMICA, ETC
(PRODUCTION, EXPORTS, IMPORTS, AND EXPOSURE TO SALEAND MAJOR PRODUCT Detail, INSTRUMENTS AND TOOLSRELATED TO ALTERNATIVE MEDICINE, TRADITIONAL ANDACADEMIC, ETC).
Activity description: Venta al mayor de articulos de marroquineria
(Wholesale of leather goods)
Latest employees figure: 13 (2012)
% of fixed employees: 38,89%
% of temporary employees: 61,11%
Employees
evolution
|
|
|
|
PURCHASES
Imports from: CHINA, INDIA
SALES
Exports to: UYE Y RESTO DEL MUNDO
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
|
|
ABRERA |
|
|
BANCO SANTANDER, S.A. |
0540 |
CR DE ESPLUGUES 70 APDO. 52 |
CORNELLA DE LLOBREGAT |
Barcelona |
|
BANCO POPULAR ESPAÑOL, S.A. |
1151 |
CRTA. DE PIERA, 18 |
MARTORELL |
Barcelona |
|
CAIXABANK, S.A. |
|
|
|
|
There are 4 bank entities registered
Brand name: MUNDI ACCESSORIES (Valid)
Type: JOINT Scope: INTERNATIONAL
Date: 07/08/2008
Brand name: MUNDI ITALY (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 20/05/2005
There are 4 brands, signs and commercial names
LEGAL
STRUCTURE
Constitution Data
Register Date: 11/02/1994
Register town: Barcelona
Announcement number: 108852
Share capital: 3.005,06 €
Legal form: Limited Liability Company
Share capital: 363.605,06 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E.
(OFFICIAL GAZETTE
OF THE COMMERCIAL REGISTRY)
Acts on activity: 0
Acts on administrators: 9 (Last: 02/01/2008, first:
18/04/1994)
Acts on capital: 1 (Last: 24/05/2001)
Acts on creation: 1 (Last: 18/04/1994)
Acts on filed accounts: 16 (Last: 26/10/2011, first:
20/09/1996)
Acts on identification: 1 (Last: 23/06/2005)
Acts on Information: 1 (Last: 09/12/1996)
Latest acts in
B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2010) |
26/10/2011 |
857920 |
Barcelona |
|
|
|
Filed Accounts date: September from 2011 Exercise to which the accounts belong: 2010 Filed Accounts type: Individual Filed accounts available online: DOWNLOAD (+1.0 unit)
ZIPThis product is out of the fee for OPEN contracts62264082010PDFThis product
is out of the fee for OPEN contracts62264082010TIFFThis product is out of the
fee for OPEN contracts62264082010 Publication Data:
Register Barcelona, Gazette 204, Page
60344, Announcement 857920 (26/10/2011) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2009) |
04/11/2010 |
979779 |
Barcelona |
|
Annual Filed Accounts (2008) |
22/12/2009 |
1046527 |
Barcelona |
|
Annual Filed Accounts (2007) |
29/10/2008 |
991163 |
Barcelona |
|
Annual Filed Accounts (2006) |
04/02/2008 |
55530 |
Barcelona |
|
Appointments |
02/01/2008 |
1324 |
Barcelona |
|
Resignations |
02/01/2008 |
1324 |
Barcelona |
|
Annual Filed Accounts (2005) |
05/01/2007 |
21522 |
Barcelona |
|
Annual Filed Accounts (2004) |
07/11/2005 |
863121 |
Barcelona |
|
Change of registered address |
23/06/2005 |
284802 |
Barcelona |
There are 29 acts registered
Press articles
No press articles registered for this company
Complementary
Information
Financial Information
Los balances del Registro Mercantil cerrados a 31/12/2009 y 31/12/2010
(Depósitos 2009 y 2010) estan disponibles en INFORMA, pero no han sido cargados
por presentar en sus cuentas la siguiente anomalía: La partida Inmovilizado
material esta incorrectamente presentada con importe negativo.
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this report is extracted from the Commercial Registry file of the legal address of the Company and dated 29/12/2009.
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 Commercial Registry, and elaborated under the accounting norms and principles collected in PGC90 derived from RD 1643/1990, not taking into account any other type of information; for this reason the conversion exercise could include certain inaccuracies.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
167.093,35 |
7,26 |
125.964,34 |
5,13 |
|
I. Intangible assets |
146.698,82 |
6,37 |
91.903,61 |
3,74 |
|
II. Tangible fixed assets |
10.201,21 |
0,44 |
34.060,73 |
1,39 |
|
III. Real-estate investments |
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
V. Long Term Financial Investments |
|
|
|
|
|
VI. Assets by deferred taxes |
10.193,32 |
0,44 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
B) CURRENT ASSETS |
2.135.779,31 |
92,74 |
2.329.722,08 |
94,87 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
II. Stocks |
1.338.889,29 |
58,14 |
774.099,16 |
31,52 |
|
III. Trade Debtors and other receivable accounts |
617.399,86 |
26,81 |
610.091,15 |
24,84 |
|
1. Clients |
491.343,60 |
21,34 |
|
|
|
b) Clients for sales and short term services
rendering |
491.343,60 |
21,34 |
|
|
|
3. Other debtors |
126.056,26 |
5,47 |
|
|
|
IV. Short term investments in associated and affiliated companies |
|
|
813.760,27 |
33,14 |
|
V. Short term financial investments |
13.648,25 |
0,59 |
|
|
|
VI. Short term periodifications |
2.938,15 |
0,13 |
2.931,85 |
0,12 |
|
VII. Cash and equivalents |
162.903,76 |
7,07 |
128.839,65 |
5,25 |
|
TOTAL ASSETS (A + B) |
2.302.872,66 |
100,00 |
2.455.686,42 |
100,00 |
Alerts associated to the conversion to PGC2007
In
the conversion process of financial statements of the accounts formulation
exercise to PGC2007 there could not be identified and, this way reclassify
“Assets by deferred taxes” within the Non current assets that under PGC90 were,
generally, classified in the short term, in accordance with its reversion
foreseen date, and it is collected in the item 11600 “Assets by deferred
taxes”.
In
the conversion process it has not been possible to identify the existence of
Goodwill nor of goods obtained through leasing; for this reason the result of
the conversion of the financial statements of the accounts formulation exercise
to PGC2007 could include notable inaccuracies.
Net Worth and
Liabilities
Figures given in €
|
|
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NET WORTH |
996.755,38 |
43,28 |
1.031.662,13 |
42,01 |
|
A-1) Equity |
996.101,42 |
43,25 |
1.031.204,36 |
41,99 |
|
I. Capital |
363.605,06 |
15,79 |
363.605,06 |
14,81 |
|
1. Authorized capital |
363.605,06 |
15,79 |
363.605,06 |
14,81 |
|
II. Issue premium |
|
|
|
|
|
III. Reserves |
663.076,30 |
28,79 |
423.305,18 |
17,24 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
VII. Exercise Result |
-30.579,94 |
-1,33 |
244.294,12 |
9,95 |
|
VIII. (Interim dividend) |
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
A-3) Received legacies, grants and subventions |
653,96 |
0,03 |
457,77 |
0,02 |
|
B) NON CURRENT LIABILITIES |
119.444,42 |
5,19 |
50.196,19 |
2,04 |
|
I. Long term provisions |
|
|
|
|
|
II. Long term debts |
119.444,42 |
5,19 |
|
|
|
1. Debts with bank entities |
119.444,42 |
5,19 |
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
C) CURRENT LIABILITIES |
1.186.672,86 |
51,53 |
1.373.828,10 |
55,94 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
III. Short term debts |
883.892,10 |
38,38 |
|
|
|
3. Other short term debts |
883.892,10 |
38,38 |
|
|
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
V. Trade creditors and other payable accounts |
302.780,76 |
13,15 |
|
|
|
1. Suppliers |
199.647,87 |
8,67 |
|
|
|
b) Short term suppliers |
199.647,87 |
8,67 |
|
|
|
2. Other creditors |
103.132,89 |
4,48 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
2.302.872,66 |
100,00 |
2.455.686,42 |
100,00 |
Alerts associated to the conversion to PGC2007
The
Valuation norms applicable to “Subventions” have changed substantially and, for
this reason, the conversion of financial statements of the formulation exercise
of the accounts to PGC2007 could include notable inaccuracies
The
Valuation norms applicable to “Short Term Creditors” have changed and, for this
reason, the conversion of financial statements of the formulation exercise of
the accounts to PGC2007 could include notable inaccuracies.
PROFIT AND LOSS
ACCOUNT
Figures given in €
|
|
31/12/2008 (12) |
%OPERATING INCOME |
31/12/2007 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
2.236.028,34 |
99,02 |
3.087.862,33 |
99,65 |
|
2. Variation in stocks of finished goods and work in progress |
561.458,20 |
24,86 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
4. Supplies |
-1.388.039,46 |
-61,47 |
-1.389.125,70 |
-44,83 |
|
5. Other operating income |
22.157,43 |
0,98 |
10.931,98 |
0,35 |
|
6. Labour cost |
-520.670,90 |
-23,06 |
-433.195,80 |
-13,98 |
|
7. Other operating costs |
-972.027,33 |
-43,04 |
-887.204,53 |
-28,63 |
|
8. Amortization of fixed assets |
-49.647,23 |
-2,20 |
-74.006,43 |
-2,39 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
13. Other results |
2.156,33 |
0,10 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
-108.584,62 |
-4,81 |
315.261,85 |
10,17 |
|
14. Financial income |
71.991,54 |
3,19 |
9.485,13 |
0,31 |
|
b) Other financial income |
71.991,54 |
3,19 |
9.485,13 |
0,31 |
|
15. Financial expenses |
-4.144,61 |
-0,18 |
-6.713,95 |
-0,22 |
|
16. Reasonable value variation on financial instruments |
-35,57 |
0,00 |
|
|
|
17. Exchange differences |
|
|
-3.350,01 |
-0,11 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
67.811,36 |
3,00 |
-578,83 |
-0,02 |
|
C) RESULT BEFORE TAXES (A + B) |
-40.773,26 |
-1,81 |
314.683,02 |
10,16 |
|
20. Taxes on profits |
10.193,32 |
0,45 |
-70.388,90 |
-2,27 |
|
D) EXERCISE RESULT (C + 20) |
-30.579,94 |
-1,35 |
244.294,12 |
7,88 |
NET WORTH CHANGES
STATUS
Status of
recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
-30.579,94 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
I. For valuation of financial instruments |
|
|
II. Cash flow coverage |
|
|
III. Received legacies, grants and subventions |
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
VI. Conversion differences |
|
|
VII. Tax effect |
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
VIII. For valuation of financial instruments |
|
|
IX. Cash flow coverage |
|
|
X. Received legacies, grants and subventions |
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
XII. Conversion differences |
|
|
XIII. Tax effect |
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
-30.579,94 |
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
|
|
|
|
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) |
|
|
|
|
|
I. Total recognized income and expenses |
|
|
-30.579,94 |
|
|
II. Operations with partners or owners |
363.605,06 |
|
|
|
|
1. Capital Increases |
363.605,06 |
|
|
|
|
III. Other net worth variations |
|
663.076,30 |
|
653,96 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
363.605,06 |
663.076,30 |
-30.579,94 |
653,96 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
|
||
|
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) |
|
|
||
|
I. Total recognized income and expenses |
-30.579,94 |
|
||
|
II. Operations with partners or owners |
363.605,06 |
|
||
|
1. Capital Increases |
363.605,06 |
|
||
|
III. Other net worth variations |
663.730,26 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
996.755,38 |
|
||
RATIOS
|
|
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||
|
Working Capital (€) |
949.106,45 |
-0,71 |
955.893,98 |
|
Working capital ratio |
0,41 |
5,13 |
0,39 |
|
Soundness Ratio |
5,96 |
-27,23 |
8,19 |
|
Average Collection Period (days) |
99 |
39,39 |
71 |
|
Average Payment Period (days) |
46 |
|
|
|
LIQUIDITY RATIOS |
|||
|
Current Ratio (%) |
179,98 |
6,13 |
169,58 |
|
Quick Ratio (%) |
14,88 |
58,64 |
9,38 |
|
DEBT RATIOS |
|||
|
Borrowing percentage (%) |
43,57 |
|
|
|
External Financing Average Cost |
0,00 |
|
|
|
Debt Service Coverage |
52,62 |
|
|
|
Interest Coverage |
-26,20 |
-155,79 |
46,96 |
|
GENERAL AND ACTIVITIES RATIOS |
|||
|
Auto financing generated by sales (%) |
0,85 |
-91,76 |
10,31 |
|
Auto financing generated by Assets (%) |
0,83 |
-93,60 |
12,96 |
|
Breakdown Point |
0,95 |
-14,41 |
1,11 |
|
Average Sales Volume per Employee |
124.223,80 |
-35,63 |
192.991,40 |
|
Average Cost per Employee |
28.926,16 |
6,84 |
27.074,74 |
|
Assets Turnover |
0,97 |
-23,02 |
1,26 |
|
Inventory Turnover (days) |
347 |
73,25 |
201 |
|
RESULTS RATIOS |
|||
|
Return on Assets (ROA) (%) |
-4,72 |
-136,68 |
12,84 |
|
Operating Profitability (%) |
-2,56 |
-116,15 |
15,85 |
|
Return on Equity (ROE) (%) |
-4,09 |
-113,40 |
30,52 |
SECTORIAL ANALYSIS
Balance Sheet and
Financial Balance
Figures expressed in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
7,26 |
33,30 |
-26,04 |
|
A) CURRENT ASSETS |
92,74 |
66,70 |
26,04 |
|
LIABILITIES |
|||
|
A) NET WORTH |
43,28 |
37,86 |
5,43 |
|
B) NON CURRENT LIABILITIES |
5,19 |
18,08 |
-12,90 |
|
C) CURRENT LIABILITIES |
51,53 |
44,06 |
7,47 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,02 |
98,91 |
0,11 |
|
Other operating income |
0,98 |
1,09 |
-0,11 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-61,47 |
-61,93 |
0,46 |
|
Variation in stocks of finished goods and work in progress |
24,86 |
0,63 |
24,23 |
|
GROSS MARGIN |
63,40 |
38,70 |
24,70 |
|
Other operating costs |
-43,04 |
-15,02 |
-28,02 |
|
Labour cost |
-23,06 |
-18,89 |
-4,17 |
|
GROSS OPERATING RESULT |
-2,71 |
4,79 |
-7,50 |
|
Amortization of fixed assets |
-2,20 |
-2,21 |
0,01 |
|
Deterioration and result for fixed assets disposal |
|
0,09 |
|
|
Other expenses / income |
|
0,35 |
|
|
NET OPERATING RESULT |
-4,81 |
3,02 |
-7,83 |
|
Financial result |
3,00 |
-1,32 |
4,32 |
|
RESULT BEFORE TAX |
-1,81 |
1,70 |
-3,51 |
|
Taxes on profits |
0,45 |
-0,38 |
0,83 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
-1,35 |
1,32 |
-2,67 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
-1,35 |
1,32 |
-2,67 |
|
Amortization of fixed assets |
-2,20 |
-2,21 |
0,01 |
|
Deterioration and provisions variation |
-2,20 |
0,09 |
-2,29 |
|
|
3,04 |
3,44 |
-0,40 |
Main Ratios
Figures given in €
|
|
COMPANY (2008) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
949.106,45 |
17.152,85 |
78.979,43 |
214.128,07 |
|
Working capital ratio |
0,41 |
0,07 |
0,22 |
0,42 |
|
Soundness Ratio |
5,96 |
0,70 |
1,60 |
3,78 |
|
Average Collection Period (days) |
99 |
44 |
82 |
123 |
|
Average Payment Period (days) |
46 |
78 |
116 |
177 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
179,98 |
111,31 |
144,31 |
215,15 |
|
Quick Ratio (%) |
14,88 |
5,61 |
21,56 |
61,41 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
43,57 |
7,86 |
24,99 |
44,96 |
|
External Financing Average Cost |
0,00 |
0,02 |
0,05 |
0,09 |
|
Debt Service Coverage |
52,62 |
0,00 |
3,33 |
11,10 |
|
Interest Coverage |
-26,20 |
0,85 |
1,86 |
5,60 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
0,85 |
1,02 |
2,84 |
5,50 |
|
Auto financing generated by Assets (%) |
0,83 |
1,32 |
3,47 |
6,75 |
|
Breakdown Point |
0,95 |
1,00 |
1,02 |
1,06 |
|
Average Sales Volume per Employee |
124.223,80 |
89.075,71 |
136.195,81 |
205.572,85 |
|
Average Cost per Employee |
28.926,16 |
18.105,79 |
24.640,13 |
32.560,45 |
|
Assets Turnover |
0,97 |
0,81 |
1,24 |
1,80 |
|
Inventory Turnover (days) |
347 |
32 |
91 |
223 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
-4,72 |
0,69 |
3,18 |
6,16 |
|
Operating Profitability (%) |
-2,56 |
2,32 |
5,46 |
9,57 |
|
Return on Equity (ROE) (%) |
-4,09 |
0,45 |
5,92 |
16,10 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.62 |
|
UK Pound |
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.67.65 |
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.