MIRA
INFORM REPORT
|
Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
ZAFRA MARROQUINEROS SL |
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Registered Office : |
Paseo Estacion (Pg Industrial El Salvador), 18 30400 Caravaca De La Cruz Murcia |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
27.11.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of luggage, handbags and the like, saddlery and harness |
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No. of Employees : |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
67.000,00 |
|
Status : |
Moderate |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
A2Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name
ZAFRA MARROQUINEROS SL
CIF/NIF: B30569016
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: ZAFRA MARROQUINEROS SL
Commercial name: MANUFACTURAS ALZA
Other names: YES
Current Address: PASEO ESTACION (PG INDUSTRIAL EL
SALVADOR), 18
30400 CARAVACA DE LA CRUZ MURCIA
Telephone number: 968703664 Fax: 968703613
URL: www.lauravallebags.com
Corporate e-mail: info@lauravallebags.com
Trade Risk
Credit appraisal: 67.000,00
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Latest sales known (2012): 2.208.873,69
(Forecast)
Balance sheet latest sales (2010): 2.103.058,32 (Commercial Registry)
Result: 12.353,41
Total Assets: 1.159.077,28
Share capital: 46.878,94
Employees: 9
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 27/11/1997
Activity: Leather industry: travel accesories
NACE 2009 CODE: 1512
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: 17/11/2011 Annual Filed Accounts
Latest press article: 11/09/2010 EXPANSIΣN (GENERAL
INFORMATION)
Bank Entities: There are
The date when this report was last updated is 19/04/2012.
The information contained in this report has been investigated and
contrasted on 16/04/2012
RATING
Credit appraisal
Maximum Credit
(from 0 to
6,000,000 )
Favourable to 67.000,00
Rating Explication
Financial Situation
The companys financial situation is normal.
The companys financial situation evolution has
been negative.
The sales evolution and results has
been negative.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is very
small 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 |
|
15/11/2011 |
Reduction |
13 |
New financial statements have been uploaded. |
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 15:04:12
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 |
417.262,67 |
36,00 |
423.210,81 |
33,21 |
439.122,18 |
37,71 |
|
B) CURRENT ASSETS |
741.814,61 |
64,00 |
850.995,01 |
66,79 |
725.243,15 |
62,29 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
536.727,31 |
46,31 |
575.839,91 |
45,19 |
472.907,88 |
40,62 |
|
B) NON CURRENT LIABILITIES |
243.397,44 |
21,00 |
275.657,67 |
21,63 |
337.591,16 |
28,99 |
|
C) CURRENT LIABILITIES |
378.952,53 |
32,69 |
422.708,24 |
33,17 |
353.866,29 |
30,39 |
Profit and Loss Account Analysis 
Figures given in
|
|
2012 FORECAST |
2011 ESTIMATED |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
2.208.873,69 |
2.208.211,23 |
2.103.058,32 |
|
2.458.571,96 |
|
|
GROSS MARGIN |
|
|
678.568,96 |
32,27 |
785.850,37 |
31,96 |
|
EBITDA |
|
|
43.700,88 |
2,08 |
170.816,01 |
6,95 |
|
EBIT |
|
|
32.105,35 |
1,53 |
153.658,51 |
6,25 |
|
NET RESULT |
|
|
12.353,41 |
0,59 |
102.932,03 |
4,19 |
|
EFFECTIVE TAX RATE (%) |
|
|
25,87 |
0,00 |
24,86 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
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 |
36,00 |
32,58 |
3,42 |
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|
|
|
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A) CURRENT ASSETS |
64,00 |
67,42 |
-3,42 |
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LIABILITIES |
|
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|||
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A) NET WORTH |
46,31 |
42,43 |
3,88 |
|
|
|
|
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B) NON CURRENT LIABILITIES |
21,00 |
15,40 |
5,60 |
|
|
|
|
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C) CURRENT LIABILITIES |
32,69 |
42,17 |
-9,47 |
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COMPANY (2010) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
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SALES |
99,96 |
98,99 |
0,97 |
|
|
|
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GROSS MARGIN |
32,25 |
46,84 |
-14,59 |
|
|
|
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EBITDA |
2,08 |
5,16 |
-3,08 |
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EBIT |
1,53 |
2,63 |
-1,11 |
|
|
|
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NET RESULT |
0,59 |
0,96 |
-0,37 |
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Sector Composition
Compared sector (NACE 2009): 1512
Number of companies: 150
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 |
12.353,41 |
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 |
12.353,41 |
|
Total of Amounts to be distributed |
12.353,41 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
12.353,41 |
ADDRESSES
Current Legal Seat Address:
PASEO ESTACION (PG INDUSTRIAL EL SALVADOR), 18
30400 CARAVACA DE LA CRUZ MURCIA
Previous Seat Address:
PASEO ESTACION (POL IND EL SALVADOR) NAVES 4-5
30400 CARAVACA
DE LA CRUZ MURCIA
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
10/04/2002)
Operative Board Members : 3 (latest change: 16/06/2011)
Non-current positions : 1 (latest change: 28/10/1998)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
ZAFRA PEREZ, LUIS |
10/04/2002 |
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Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 39.189,57
|
POSITION |
NAME AND SURNAME |
|
Manager |
ZAFRA PEREZ, LUIS |
|
Financial Manager |
ZAFRA PEREZ, LUIS |
|
Commercial Director |
ZAFRA PEREZ, ARTURO |
FINANCIAL LINKS
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
ZAFRA PEREZ JUAN JOSE |
|
25,00 |
OWN SOURCES |
16/04/2012 |
|
ZAFRA PEREZ M. LUISA |
|
25,00 |
OWN SOURCES |
16/04/2012 |
|
ZAFRA PEREZ ARTURO |
|
25,00 |
OWN SOURCES |
16/04/2012 |
|
ZAFRA PEREZ LUIS |
|
25,00 |
OWN SOURCES |
16/04/2012 |
POTENTIAL LINKS
Search Criterion, "Zafra Marroquineros SL"
URL: www.m-alza.es
Laura Valle Access our online product catalog Go to our Online Product
catalog. Marroquineros Zafra, SL - Caravaca de la Cruz Phones: 968 70 36 64/616
91 ...
URL: eur-lex.europa.eu
Case C-254/09 P: Judgment of the Court (First Chamber) of 2 ... October 23,
2010 ... Mondιjar Ortuρo, Agent), Zafra Marroquineros SL (Represented by: JE
Martin ... v OHIM Klein Trademark Trust and Zafra Marroquineros, SL ...
BUSINESS INFORMATION
Incorporation date: 27/11/1997
Origin: MANUFACTURAS ALZA SA - A30030498
Code: 1442100
Activity: Leather industry: travel accesories
NACE 2009 CODE: 1512
NACE 2009 Activity: Manufacture of luggage, handbags and the
like, saddlery and harness
Business: LA FABRICACION, COMERCIALIZACION Y VENTA DE
ARTICULOS Y MATERIAS PRIMAS DE MARROQUINERIA EN GENERAL Y COMPLEMENTOS DE MODA.
Activity description: FABRICACION DE BOLSOS EN NAPA
Latest employees figure: 9 (2012)
% of fixed employees: 77,78%
% of temporary employees: 22,22%
% of men: 44,44%
% of women: 55,56%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Senior management |
1 |
|
|
|
Administrative employees |
2 |
|
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|
Sales representatives and similar |
1 |
|
|
|
Non qualified employees |
5 |
|
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|
Distribution by sexes |
|
4 |
5 |
PURCHASES
Import Percentage: 40%
Imports from: UE Y OTROS PAISES
National Distribution: 60%
SALES
Exports to: PORTUGAL, BELGICA, SUIZA, FRANCIA
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
ELIO BERHANYER |
NO |
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
6051 |
CL GRAN VIA 24 APDO. 00000 |
CARAVACA DE LA CRUZ |
Murcia |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
1356 |
AV. MARUJA GARRIDO, 8 |
CARAVACA DE LA CRUZ |
Murcia |
|
CAJA DE AHORROS DE MURCIA |
|
|
CARAVACA DE LA CRUZ |
|
|
CAIXABANK, S.A. |
2454 |
C. GRAN VIA, 19 |
CARAVACA DE LA CRUZ |
Murcia |
Discount facilities: 0
Credit policy: 1
Mortgage loan: 1
Loans with no real security: 0
|
|
|
|
Entity:CAJA DE AHORROS DE MURCIA Debt type: Credit policy |
Granted limit:250.000,00 Used limit:74.631,14 Available limit:175.368,86
Source: Filed
Accounts (2010) |
|
|
|
|
Entity:CAJA DE AHORROS PROVINCIAL DE MURCIA Debt type:Mortgage loan Guarantee in a mortgage: bajo
comercial utilizado para almacιn de mercancνas de la empresa, obtenido en el
aρo 2006 |
Granted amount:400.000,00 Total outstanding amount:231.698,95
Source: Filed
Accounts (2010) |
|
|
|
Figures given in
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
|
|
Turismo comercial |
8.640,00 |
3.067,49 |
Grants
With this nif/cif there are no outstanding grants or outstanding
balances. If you wish you could check the grants historical register
FORMER NAMES:
ZAFRA MARROQUINEROS SLL.
Brand name: LAURA VALLE BAGS (Valid)
Type: JOINT Scope: NATIONAL Date: 08/07/2010
Brand name: CK CREACIONES KENNYA (Valid)
Type: JOINT Scope: NATIONAL Date: 18/09/2007
Brand name: LAURA VALLE (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 30/08/2007
Brand name: ALZA SPAIN BAGS (Valid)
Type: JOINT Scope: NATIONAL Date: 10/11/2006
Brand name: TOBRUR (Valid)
Type: JOINT Scope: NATIONAL Date: 20/10/2005
LEGAL STRUCTURE
Constitution Data
Register Date: 27/11/1997
Register town: Murcia
Announcement number: 26302
Share capital: 9.015,18
Legal form: Limited Liability Company
Share capital: 46.878,94
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: 4 (Last: 10/04/2002, first:
28/01/1998)
Acts on capital: 2 (Last: 10/04/2002, first:
04/05/1998)
Acts on creation: 1 (Last: 28/01/1998)
Acts on filed accounts: 14 (Last: 17/11/2011, first:
22/10/1998)
Acts on identification: 0
Acts on Information: 2 (Last: 10/04/2002, first:
28/10/1998)
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) |
17/11/2011 |
943037 |
Murcia |
|
|
|
Filed Accounts date: October 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 contracts63824992010PDFThis product
is out of the fee for OPEN contracts63824992010TIFFThis product is out of the
fee for OPEN contracts63824992010 Publication Data:
Register Murcia, Gazette 218, Page
65001, Announcement 943037 (17/11/2011) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2009) |
05/10/2010 |
744581 |
Murcia |
|
Annual Filed Accounts (2008) |
25/09/2009 |
501860 |
Murcia |
|
Annual Filed Accounts (2007) |
15/10/2008 |
888476 |
Murcia |
|
Annual Filed Accounts (2006) |
27/09/2007 |
659608 |
Murcia |
|
Annual Filed Accounts (2005) |
12/09/2006 |
404340 |
Murcia |
|
Annual Filed Accounts (2004) |
23/09/2005 |
517569 |
Murcia |
|
Annual Filed Accounts (2003) |
25/10/2004 |
713728 |
Murcia |
|
Annual Filed Accounts (2002) |
13/10/2003 |
617076 |
Murcia |
|
Annual Filed Accounts (2001) |
16/08/2002 |
217204 |
Murcia |
PRESS ARTICLES
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 2 (Last: 11/09/2010, first: 03/09/2010)
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 0
Latest press article published
11/09/2010 EXPANSIΣN (Page 12) GENERAL
INFORMATION
The U.S. fashion company Calvin Klein has
lost the use of the mark CK for ZAFRA leather firm, as was
published in error in the
headline of an article published by
the 02/09/10 EXPANSION.
As the article noted, the Court of Justice of the European Union has dismissed the appeal
imposed by CALVIN KLEIN ZAFRA against the
Spanish company in the dispute
remains the CK
brand. The sentence can only be estimated ZAFRA
use the mark CK Creations
Kennya and never only
the distinctive CK.
03/09/2010 EXPANSIΣN (Page 9) GENERAL
INFORMATION
The Court of Justice of the European Union has
rejected an appeal by the American fashion house CALVIN KLEIN, interceding on
behalf of the Spanish company Zafra Marroquineros dispute about the record held
by CK Creations Kennya as CTM. In 2003. Spanish company submitted the
application to record shows for products made from leather and imitation
leather. In 2004, CALVIN KLEIN filed an opposition against registration.
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 15/11/2011.
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 |
417.262,67 |
36,00 |
423.210,81 |
33,21 |
439.122,18 |
37,71 |
|
I. Intangible assets |
1.055,72 |
0,09 |
400,46 |
0,03 |
|
|
|
II. Tangible fixed assets |
416.206,95 |
35,91 |
422.810,35 |
33,18 |
439.122,18 |
37,71 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
|
|
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
741.814,61 |
64,00 |
850.995,01 |
66,79 |
725.243,15 |
62,29 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
182.076,93 |
15,71 |
121.576,89 |
9,54 |
183.400,73 |
15,75 |
|
III. Trade Debtors and other receivable accounts |
477.611,62 |
41,21 |
606.327,13 |
47,58 |
488.776,39 |
41,98 |
|
1. Clients |
461.808,78 |
39,84 |
606.326,24 |
47,58 |
488.776,39 |
41,98 |
|
b) Clients for sales and
short term services rendering |
461.808,78 |
39,84 |
606.326,24 |
47,58 |
488.776,39 |
41,98 |
|
3. Other debtors |
15.802,84 |
1,36 |
0,89 |
0,00 |
|
|
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
0,07 |
0,00 |
36.161,95 |
2,84 |
0,09 |
0,00 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
82.125,99 |
7,09 |
86.929,04 |
6,82 |
53.065,94 |
4,56 |
|
TOTAL ASSETS (A + B) |
1.159.077,28 |
100,00 |
1.274.205,82 |
100,00 |
1.164.365,33 |
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 |
536.727,31 |
46,31 |
575.839,91 |
45,19 |
472.907,88 |
40,62 |
|
A-1) Equity |
536.727,31 |
46,31 |
575.839,91 |
45,19 |
472.907,88 |
40,62 |
|
I. Capital |
46.878,94 |
4,04 |
46.878,94 |
3,68 |
46.878,94 |
4,03 |
|
1. Authorized capital |
46.878,94 |
4,04 |
46.878,94 |
3,68 |
46.878,94 |
4,03 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
477.494,96 |
41,20 |
426.028,94 |
33,43 |
360.950,16 |
31,00 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
12.353,41 |
1,07 |
102.932,03 |
8,08 |
65.078,78 |
5,59 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and
subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
243.397,44 |
21,00 |
275.657,67 |
21,63 |
337.591,16 |
28,99 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
243.397,44 |
21,00 |
275.657,67 |
21,63 |
337.591,16 |
28,99 |
|
1. Debts with bank entities |
231.689,95 |
19,99 |
263.950,18 |
20,71 |
308.541,00 |
26,50 |
|
2. Financial leasing creditors |
11.707,49 |
1,01 |
11.707,49 |
0,92 |
29.050,16 |
2,49 |
|
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 |
378.952,53 |
32,69 |
422.708,24 |
33,17 |
353.866,29 |
30,39 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
84.128,35 |
7,26 |
8.877,42 |
0,70 |
10.220,58 |
0,88 |
|
1. Debts with bank entities |
74.631,14 |
6,44 |
|
|
10.220,58 |
0,88 |
|
2. Financial leasing creditors |
|
|
8.877,42 |
0,70 |
|
|
|
3. Other short term debts |
9.497,21 |
0,82 |
|
|
|
|
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable
accounts |
294.824,18 |
25,44 |
413.830,82 |
32,48 |
343.645,71 |
29,51 |
|
1. Suppliers |
213.990,37 |
18,46 |
306.952,49 |
24,09 |
218.522,21 |
18,77 |
|
b) Short term suppliers |
213.990,37 |
18,46 |
306.952,49 |
24,09 |
218.522,21 |
18,77 |
|
2. Other creditors |
80.833,81 |
6,97 |
106.878,33 |
8,39 |
125.123,50 |
10,75 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
1.159.077,28 |
100,00 |
1.274.205,82 |
100,00 |
1.164.365,33 |
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 |
|
1. Net Turnover |
2.103.058,32 |
99,96 |
2.458.571,96 |
99,76 |
2.733.511,01 |
99,91 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-1.425.414,20 |
-67,75 |
-1.678.644,29 |
-68,11 |
-1.898.800,67 |
-69,40 |
|
5. Other operating income |
924,84 |
0,04 |
5.922,70 |
0,24 |
2.555,37 |
0,09 |
|
6. Labour cost |
-234.801,86 |
-11,16 |
-232.612,71 |
-9,44 |
-236.962,73 |
-8,66 |
|
7. Other operating costs |
-402.670,24 |
-19,14 |
-382.025,18 |
-15,50 |
-457.729,88 |
-16,73 |
|
8. Amortization of fixed assets |
-11.595,53 |
-0,55 |
-17.933,36 |
-0,73 |
-18.318,58 |
-0,67 |
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed
assets disposal |
|
|
775,86 |
0,03 |
|
|
|
12. Negative difference of business
combinations |
|
|
|
|
|
|
|
13. Other results |
2.604,02 |
0,12 |
-396,47 |
-0,02 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6
+ 7 + 8 + 9 + 10 + 11 + 12 + 13) |
32.105,35 |
1,53 |
153.658,51 |
6,23 |
124.254,52 |
4,54 |
|
14. Financial income |
4.652,83 |
0,22 |
8.256,31 |
0,34 |
7.301,73 |
0,27 |
|
b) Other financial income |
4.652,83 |
0,22 |
8.256,31 |
0,34 |
7.301,73 |
0,27 |
|
15. Financial expenses |
-12.354,93 |
-0,59 |
-30.409,26 |
-1,23 |
-51.939,51 |
-1,90 |
|
16. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-7.738,70 |
-0,37 |
5.486,69 |
0,22 |
4.328,92 |
0,16 |
|
18. Deterioration and result for disposal
of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 +
18 + 19) |
-15.440,80 |
-0,73 |
-16.666,26 |
-0,68 |
-40.308,86 |
-1,47 |
|
C) RESULT BEFORE TAXES (A + B) |
16.664,55 |
0,79 |
136.992,25 |
5,56 |
83.945,66 |
3,07 |
|
20. Taxes on profits |
-4.311,14 |
-0,20 |
-34.060,22 |
-1,38 |
-18.866,88 |
-0,69 |
|
D) EXERCISE RESULT (C + 20) |
12.353,41 |
0,59 |
102.932,03 |
4,18 |
65.078,78 |
2,38 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
For the financial statements presented under the SMEs model (PYMES),
the Net Worth Changes Status is formed by a single table. For the rest of the
cases there would be shown the two tables corresponding to the mentioned status
with the exception of the company not having operations reflected in the
Status of recognized income and expenses and that, for this reason, it has no
data.
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 1 /2) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
46.878,94 |
275.049,65 |
|
85.900,51 |
|
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) |
46.878,94 |
275.049,65 |
|
85.900,51 |
|
I. Total recognized income and expenses |
|
|
|
65.078,78 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
85.900,51 |
|
-85.900,51 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
46.878,94 |
360.950,16 |
|
65.078,78 |
|
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) |
46.878,94 |
360.950,16 |
|
65.078,78 |
|
I. Total recognized income and expenses |
|
|
|
102.932,03 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
65.078,78 |
|
-65.078,78 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
46.878,94 |
426.028,94 |
|
102.932,03 |
|
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) |
46.878,94 |
426.028,94 |
|
102.932,03 |
|
I. Total recognized income and expenses |
|
|
|
12.353,41 |
|
II. Operations with partners or owners |
|
|
-51.466,01 |
|
|
3. Other operations with partners or
owners |
|
|
-51.466,01 |
|
|
III. Other net worth variations |
|
51.466,02 |
51.466,01 |
-102.932,03 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
46.878,94 |
477.494,96 |
|
12.353,41 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
407.829,10 |
|
||
|
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) |
407.829,10 |
|
||
|
I. Total recognized income and expenses |
65.078,78 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
472.907,88 |
|
||
|
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) |
472.907,88 |
|
||
|
I. Total recognized income and expenses |
102.932,03 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
575.839,91 |
|
||
|
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) |
575.839,91 |
|
||
|
I. Total recognized income and expenses |
12.353,41 |
|
||
|
II. Operations with partners or owners |
-51.466,01 |
|
||
|
3. Other operations with partners or
owners |
-51.466,01 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
536.727,31 |
|
||
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
362.862,08 |
-15,28 |
428.286,77 |
15,32 |
371.376,86 |
|
Working capital ratio |
0,31 |
-8,82 |
0,34 |
6,25 |
0,32 |
|
Soundness Ratio |
1,29 |
-5,15 |
1,36 |
25,93 |
1,08 |
|
Average Collection Period (days) |
82 |
-8,10 |
89 |
37,99 |
64 |
|
Average Payment Period (days) |
58 |
-19,90 |
72 |
37,67 |
53 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
195,75 |
-2,77 |
201,32 |
-1,77 |
204,95 |
|
Quick Ratio (%) |
21,67 |
-25,58 |
29,12 |
94,13 |
15,00 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
28,26 |
26,56 |
22,33 |
-25,24 |
29,87 |
|
External Financing Average Cost |
0,04 |
-63,64 |
0,11 |
-26,67 |
0,15 |
|
Debt Service Coverage |
13,68 |
482,13 |
2,35 |
-43,65 |
4,17 |
|
Interest Coverage |
2,60 |
-48,51 |
5,05 |
111,30 |
2,39 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
1,14 |
-76,83 |
4,92 |
61,31 |
3,05 |
|
Auto financing generated by Assets (%) |
2,07 |
-78,19 |
9,49 |
32,54 |
7,16 |
|
Breakdown Point |
1,02 |
-4,67 |
1,07 |
1,90 |
1,05 |
|
Average Sales Volume per Employee |
233.673,15 |
-21,11 |
296.213,49 |
19,20 |
248.501,00 |
|
Average Cost per Employee |
26.089,10 |
-6,91 |
28.025,63 |
30,10 |
21.542,07 |
|
Assets Turnover |
1,81 |
-6,22 |
1,93 |
-17,87 |
2,35 |
|
Inventory Turnover (days) |
46 |
77,78 |
26 |
-25,77 |
35 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,77 |
-77,03 |
12,06 |
13,03 |
10,67 |
|
Operating Profitability (%) |
3,77 |
-72,14 |
13,53 |
10,45 |
12,24 |
|
Return on Equity (ROE) (%) |
3,10 |
-86,93 |
23,79 |
34,03 |
17,75 |
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 |
36,00 |
32,58 |
3,42 |
|
A) CURRENT ASSETS |
64,00 |
67,42 |
-3,42 |
|
LIABILITIES |
|||
|
A) NET WORTH |
46,31 |
42,43 |
3,88 |
|
B) NON CURRENT LIABILITIES |
21,00 |
15,40 |
5,60 |
|
C) CURRENT LIABILITIES |
32,69 |
42,17 |
-9,47 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,96 |
98,99 |
0,97 |
|
Other operating income |
0,04 |
1,01 |
-0,97 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-67,75 |
-53,87 |
-13,88 |
|
Variation in stocks of finished goods and work in progress |
|
0,71 |
|
|
GROSS MARGIN |
32,25 |
46,84 |
-14,59 |
|
Other operating costs |
-19,14 |
-16,13 |
-3,01 |
|
Labour cost |
-11,16 |
-26,00 |
14,84 |
|
GROSS OPERATING RESULT |
1,95 |
4,71 |
-2,76 |
|
Amortization of fixed assets |
-0,55 |
-2,45 |
1,90 |
|
Deterioration and result for fixed assets disposal |
|
-0,08 |
|
|
Other expenses / income |
|
0,44 |
|
|
NET OPERATING RESULT |
1,53 |
2,63 |
-1,10 |
|
Financial result |
-0,73 |
-1,32 |
0,59 |
|
RESULT BEFORE TAX |
0,79 |
1,31 |
-0,52 |
|
Taxes on profits |
-0,20 |
-0,35 |
0,15 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,59 |
0,96 |
-0,37 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,59 |
0,96 |
-0,37 |
|
Amortization of fixed assets |
-0,55 |
-2,45 |
1,90 |
|
Deterioration and provisions variation |
-0,55 |
-0,08 |
-0,47 |
|
|
1,69 |
3,49 |
-1,80 |
Main Ratios
Figures given in
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
362.862,08 |
12.377,43 |
79.234,50 |
246.708,40 |
|
Working capital ratio |
0,31 |
0,04 |
0,24 |
0,46 |
|
Soundness Ratio |
1,29 |
0,58 |
1,69 |
3,58 |
|
Average Collection Period (days) |
82 |
35 |
68 |
118 |
|
Average Payment Period (days) |
58 |
75 |
121 |
172 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
195,75 |
108,25 |
147,70 |
252,33 |
|
Quick Ratio (%) |
21,67 |
6,03 |
20,37 |
57,67 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
28,26 |
4,67 |
21,50 |
51,47 |
|
External Financing Average Cost |
0,04 |
0,04 |
0,07 |
0,11 |
|
Debt Service Coverage |
13,68 |
0,00 |
3,23 |
9,15 |
|
Interest Coverage |
2,60 |
0,86 |
1,48 |
2,98 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
1,14 |
1,43 |
3,21 |
6,01 |
|
Auto financing generated by Assets (%) |
2,07 |
1,43 |
4,18 |
6,40 |
|
Breakdown Point |
1,02 |
1,01 |
1,03 |
1,05 |
|
Average Sales Volume per Employee |
233.673,15 |
49.032,56 |
66.967,60 |
119.690,27 |
|
Average Cost per Employee |
26.089,10 |
14.741,47 |
19.524,27 |
24.364,20 |
|
Assets Turnover |
1,81 |
0,71 |
1,12 |
1,75 |
|
Inventory Turnover (days) |
46 |
41 |
138 |
376 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,77 |
0,96 |
3,40 |
5,92 |
|
Operating Profitability (%) |
3,77 |
2,38 |
6,38 |
9,57 |
|
Return on Equity (ROE) (%) |
3,10 |
0,46 |
5,94 |
10,65 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
|
|
1 |
Rs.83.18 |
|
Euro |
1 |
Rs.68.06 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.