MIRA INFORM REPORT
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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AZNAR INNOVA SA |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
17.06.2004 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
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No. of Employees
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46 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
38.000,00 € |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Spain |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
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
AZNAR INNOVA SA
CIF/NIF: A12648531
EXECUTIVE SUMMARY
Identification
Current Business Name: AZNAR INNOVA SA
Other names: NO
Current Address: AVENIDA ENRIQUE GIMENO, 108
Branches: 7
Telephone number: 964201414 Fax: 964202414
URL: www.aznarinnova.com
Corporate e-mail: info@aznarinnova.com
Trade Risk
Credit appraisal: 38.000,00 €
Incidents: NO
Financial Information
Balance sheet latest sales (2011): 8.458.685,96 €
(Commercial Registry)
Result: -70.146,37 €
Total Assets: 7.503.964,1 €
Share capital: 427.400,00 €
Employees: 46
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 17/06/2004
Activity: Wholesale of textile, clothing, footwear
, etc.
NACE 2009 CODE: 4642
International Operations: Imports and
Exports
Corporate Structure
President:
Other
Complementary Information
Latest act published in BORME: 19/10/2011 Annual Filed Accounts
Latest press article: 20/07/2005 LEVANTE EL MERCANTIL
VALENCIANO (GENERAL INFORMATION)
Bank Entities: There are
Credit appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 38.000,00 €
Financial
Situation
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Exercise:2011 |
Evolution |
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Treasury |
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Limited |
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Indebtedness |
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Important |
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Profitability |
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Slight |
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Balance |
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Degraded |
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Performance
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Incidents |
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None or Negligible |
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Business
Trajectory |
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Acceptable |
Rating Explication
Financial Situation
•
The company’s financial situation
is unfavourable.
•
The company’s financial situation evolution has
been negative.
•
The sales evolution and results has been negative.
•
The auditor’s opinion about the latest accounts has
been favourable with reservations.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is medium depending
on its sales volume.
•
The employees evolution has been 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
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DATE |
CHANGE |
RESULTING NOTE |
EVENT |
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09/03/2012 |
Reduction |
7 |
•
New financial statements have been uploaded. |
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25/10/2011 |
Increase |
12 |
•
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI -
SECTORIAL DEFAULTS OF PAYMENT
•
There is no information related to the nif/cif
consulted in the in the EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL
DEFAULTS OF PAYMENT file
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
Figures given in €
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|
30/04/2011 (12) |
% ASSETS |
30/04/2010 (12) |
% ASSETS |
30/04/2009 (12) |
% ASSETS |
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ASSETS |
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A) NON CURRENT ASSETS |
2.687.605,71 |
35,82 |
2.174.193,22 |
27,94 |
2.325.272,91 |
23,15 |
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B) CURRENT ASSETS |
4.816.358,39 |
64,18 |
5.606.210,69 |
72,06 |
7.717.139,06 |
76,85 |
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LIABILITIES |
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A) NET WORTH |
1.051.846,17 |
14,02 |
1.121.992,54 |
14,42 |
1.188.915,89 |
11,84 |
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B) NON CURRENT LIABILITIES |
877.190,27 |
11,69 |
1.315.969,24 |
16,91 |
1.735.039,73 |
17,28 |
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C) CURRENT LIABILITIES |
5.574.927,66 |
74,29 |
5.342.442,13 |
68,67 |
7.118.456,35 |
70,88 |
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Balance Sheet
Comments
Total assets of the company decreased in 3,55% between 2.010 and 2.011.
In spite of the decrease in the amount of total assets, non current
assets grew 23,61%.
Assets reduction is explained by Net Worth decrease
of 6,25% and to indebtedness reduction of 3,10%.
Total assets of the company decreased in 22,52%
between 2.009 and 2.010.
This total assets decrease has been reflected in a reduction of non
current assets of 6,50%.
Assets reduction is partly explained by the Net Worth decrease
of 5,63%; nevertheless, the decrease of 24,79% in the
indebtedness explains mainly this reduction.
Profit and Loss
Account Analysis 
Figures given in €
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|
30/04/2011 (12) |
% NET TURNOVER |
30/04/2010 (12) |
% NET TURNOVER |
30/04/2009 (12) |
% NET TURNOVER |
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SALES |
8.458.685,96 |
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9.053.623,08 |
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9.646.181,03 |
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GROSS MARGIN |
4.426.463,97 |
52,33 |
4.970.231,69 |
54,90 |
5.546.874,82 |
57,50 |
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EBITDA |
188.158,54 |
2,22 |
360.368,32 |
3,98 |
209.960,03 |
2,18 |
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EBIT |
18.282,81 |
0,22 |
96.428,00 |
1,07 |
20.690,66 |
0,21 |
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NET RESULT |
-70.146,37 |
-0,83 |
-66.923,35 |
-0,74 |
-216.322,86 |
-2,24 |
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EFFECTIVE TAX RATE (%) |
-27,99 |
0,00 |
-27,89 |
0,00 |
-29,21 |
0,00 |
Profit and Loss
Account Comments
The company’s sales figure decreased
in 6,57% between 2.010 and 2.011.
The company’s EBIT decreased
in 81,04% between 2.010 and 2.011.
This evolution implies a reduction in the company’s economic
profitability .
The result of these variations is a decrease of the company’s Operating
Profitability of 24,51% in the analysed period, being this
profitability of 1,94% in the year 2.011.
The Net Result of the company decreased
in 4,82% between 2.010 and 2.011.
The company’s Financial Profitability has been positively affected by
the financial activities in comparison with EBITs behaviour .
The result of these variations is a reduction of the company’s economic
profitability of 11,97% in the analysed period, being equal to -9,26% in
the year 2.011 .
The company’s sales figure decreased
in 6,14% between 2.009 and 2.010.
The company’s EBIT grew
in 366,05% between 2.009 and 2.010.
This evolution implies an increase in the company’s economic
profitability .
The result of these variations is an increase of the company’s Economic
Profitability of 52,07% in the analysed period, being equal
to 2,57% in the year 2.010.
The Net Result of the company grew
in 69,06% between 2.009 and 2.010.
The company’s Financial Profitability has been negatively affected by
the financial activities in comparison with EBITs behaviour .
The result of these variations is an increase of the company’s Economic
Profitability of 67,82% in the analysed period, being equal to -8,27% in
the year 2.010 .
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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BALANCE SHEET ANALYSIS: % on the total
assets |
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ASSETS |
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A) NON CURRENT ASSETS |
35,82 |
31,41 |
4,40 |
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A) CURRENT ASSETS |
64,18 |
68,59 |
-4,40 |
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LIABILITIES |
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A) NET WORTH |
14,02 |
43,26 |
-29,24 |
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B) NON CURRENT LIABILITIES |
11,69 |
11,06 |
0,63 |
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C) CURRENT LIABILITIES |
74,29 |
45,68 |
28,62 |
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
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SALES |
98,61 |
98,79 |
-0,18 |
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GROSS MARGIN |
51,60 |
36,99 |
14,61 |
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EBITDA |
2,19 |
7,52 |
-5,33 |
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EBIT |
0,21 |
5,32 |
-5,10 |
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NET RESULT |
-0,82 |
3,38 |
-4,20 |
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Sector Composition
Compared sector (NACE 2009): 4642
Number of companies: 59
Size (sales figure): 7,000,000.00 - 40,000,000.00 Euros
Comments on the
sectorial comparative
Compared to its sector the assets of the companies show a greater
proportion of non current assets. Specifically the difference with the sector
average is 4,40% .
In liabilities composition the company turns to on a smaller scale to
self financing, being the Net Worth proportion 29,24% inferior. As a
consequence, external financing sources are more used by the company
( 29,24% more than the sector) .
The proportion that the sales mean to the company’s total ordinary
income is 98,61% , an 0,18% lower than in the sector .
The company’s EBIT was positive and was 0,21% with regard to
the total ordinary income, 5,10% inferior to the one of the sector .
The company’s capacity to generate operating income is inferior to that
of the sector as its ratio EBIT/Sales is inferior (0,00 in comparison
with 0,05) .
The company’s net result was negative and equal to -0,82% with
regard to the total ordinary income, 4,20% inferior to the one of the
sector .
The financial results and the tax impact have had a less negative impact
on the net result of the company that in the sector .
OTHER DATA FROM
THE ANNUAL FINANCIAL REPORT
Results
Distribution
Source: annual financial report 2011
Figures given in €
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DISTRIBUTION BASE |
APPLICATION A |
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Profit and Loss Account Balance |
-70.146,37 |
Legal Reserve |
0,00 |
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Carry over |
0,00 |
Goodwill reserve |
0,00 |
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Voluntary reserves |
0,00 |
Special reserves |
0,00 |
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Other reserves disposable at will |
0,00 |
Voluntary reserves |
0,00 |
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Total of Amounts to be distributed |
-70.146,37 |
Dividends |
0,00 |
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Carry over and others |
0,00 |
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Compensation of previous exercises losses |
-70.146,37 |
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Application total |
-70.146,37 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: BDO AUDITORES SL
Auditing exceptions:
En el ejercicio 2010/2011 se ha formalizado con una entidad financiera
un contrato marco de permuta financiera clasificado en Inversiones financieras
a largo plazo por importe de 0,5 millones de euros, sin que hayamos recibido
confirmación de la entidad financiera contratante para determinar la valoración
y clasificación del mismo en las cuentas anuales adjuntas.
Auditing fees: 3.600,00 €
Facts subsequent
to the closing
Source: Annual financial report 2011
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
company
ADDRESSES
Current Legal Seat Address:
AVENIDA ENRIQUE GIMENO, 108
12006 CASTELLON CASTELLÓN
Previous Seat Address:
CALLE GAIDO (PG IND) S/N
12180 CABANES
CASTELLÓN
Characteristics of
the current address
Type of establishment: office
Owners: rented
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE JACARILLA |
03205 |
ELCHE/ELX |
Alicante |
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CARRETERA SANTANDER |
09006 |
BURGOS |
Burgos |
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CALLE ENMEDIO, 28 |
12001 |
CASTELLON |
Castellón |
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CARRETERA NACIONAL 340, 63 |
12003 |
CASTELLON PLANA/CASTELLO PLANA |
Castellón |
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CALLE EMPALME |
39011 |
SANTANDER |
Cantabria |
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AVENIDA RIO BOLADIEZ, S/N |
45007 |
TOLEDO |
Toledo |
|
LUGAR CENTRO COMERCIAL BONAIRE, 1 |
46960 |
ALDAIA |
Valencia |
There are 7 branches registered
CORPORATE
STRUCTURE
ADMINISTRATIVE
LINKS
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Distribution of the administration board |
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Governing body : 5 members (latest change:
18/12/2009) Other Positions : 3 (latest change: 03/01/2005) Auditor : 1 (latest change: 18/12/2009) Operative Board Members : 2 (latest change: 02/04/2012) |
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Main Board
members, Directors and Auditor
Governing body
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POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
AZNAR ALTABA, MARIA JOSE |
18/12/2009 |
|
MEMBER OF THE BOARD |
PALOMARES SANCHEZ, FRANCISCO |
18/12/2009 |
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MEMBER OF THE BOARD |
RALLO RAMBLA, AGUSTIN |
18/12/2009 |
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Auditor
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POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
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AUDITOR |
BDO AUDIBERIA AUDITORES SL |
18/12/2009 |
There are 9 board members, directors and auditors registered
Board members remuneration
Source: Annual financial report 2011
Board members remuneration: 261.683,96 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
RALLO RAMBLA, AGUSTIN |
|
Financial Manager |
PALOMARES SANCHEZ, FRANCISCO |
FINANCIAL LINKS
|
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
RALLO RAMBLA AGUSTIN |
|
Indef. |
OWN SOURCES |
02/04/2012 |
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AZNAR ALTABA MARIA JOSE |
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Indef. |
OWN SOURCES |
02/04/2012 |
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INVERSIONES AZALBA, SOCIEDAD ANONIMA |
A28263010 |
Indef. |
OWN SOURCES |
02/04/2012 |
There are 3 direct financial links through shareholders
registered
Company
with rating inferior to 7
BUSINESS INFORMATION
Incorporation date: 17/06/2004
Establishment date: 01/01/2004
Founder’s Name: LA TITULAR
Activity: Wholesale of textile, clothing, footwear , etc.
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: DISTRIBUCION, FABRICACION Y COMERCIALIZACION DE
CALZADO Y PRODUCTOS TEXTILES DE VESTIR, HOGAR Y CONFECCION EN GENERAL
Activity description: DISEŃO Y COMERCIO AL MAYOR DE PRODUCTOS
TEXTILES.
Latest employees figure: 46 (2012)
· % of fixed employees: 76,09%
· % of temporary employees: 23,91%
· % of men: 34,04%
· % of women: 65,96%
Employees
evolution
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Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
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16 |
31 |
PURCHASES
Import Percentage: 87%
Imports from: UE, INDIA Y CHINA
National Distribution: 13%
SALES
Exports to: ITALIA, FRANCIA, LIBANO Y OTROS PAISES
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE VALENCIA, S.A. |
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CASTELLON |
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BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
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CASTELLON |
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CAIXABANK, S.A. |
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BANKINTER, S.A. |
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There are 4 bank entities registered
Discount facilities: 1
Credit policy: 0
Mortgage loan: 0
Loans with no real security: 0
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Debt type: Discount
facilities |
Granted limit:3.300.000,00 € Used limit:1.596.080,33
€ Available limit:1.703.919,67
€ Source: Filed
Accounts (2011) |
|
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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 |
|
|
Maquinaria |
16.768,07 |
0,00 |
0,00 |
There are 1 leasing operations registered
Grants
With this nif/cif there are no outstanding grants or outstanding
balances. If you wish you could check the grants historical register
There are 17 grants registered
LEGAL STRUCTURE
Constitution Data
Register Date: 17/06/2004
Register town: Castellón
Announcement number: 334679
Register data:
Volume 1220, Book 783, Folio 183, Section 8, Sheet 22282,
Inscription I/A 1 (2004-07-02)
Share capital: 120.100 €
Legal form: Joint-stock Company
Share capital: 427.400,00 €
Paid-up capital: 427.400,00 €
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: 6 (Last: 18/12/2009, first: 26/07/2004)
· Acts on capital: 4 (Last: 07/03/2007, first: 03/01/2005)
· Acts on creation: 1 (Last: 26/07/2004)
· Acts on filed accounts: 7 (Last: 19/10/2011, first: 13/12/2005)
· Acts on identification: 1 (Last: 08/06/2005)
· Acts on Information: 5 (Last: 07/03/2007, first: 03/01/2005)
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) |
19/10/2011 |
823040 |
Castellón |
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2009) |
15/12/2010 |
1149720 |
Castellón |
|
Re-elections |
18/12/2009 |
525969 |
Castellón |
|
Re-elections |
18/12/2009 |
525968 |
Castellón |
|
Annual Filed Accounts (2008) |
16/12/2009 |
1017868 |
Castellón |
|
Annual Filed Accounts (2007) |
03/12/2008 |
1168723 |
Castellón |
|
Annual Filed Accounts (2006) |
07/12/2007 |
1140683 |
Castellón |
|
Appointments |
10/10/2007 |
509396 |
Castellón |
|
Modification of the Articles of Association |
07/03/2007 |
134815 |
Castellón |
|
Capital enlargement (IA) |
07/03/2007 |
134815 |
Castellón |
There are 24 acts registered
PRESS ARTICLES
Press summary by
type of information (last five years)
· Legal notices: 0
· Structural Data: 0
· Informative data: 0
· Financial Information: 0
· Negative information: 0
· Business lines: 0
Historical press releases: 4 (Last: 20/07/2005, first:
01/12/2004)
Latest press
article published
No press articles about this company have been loaded in the last 5
years, if you wish you can check the historical press releases (news with more
than 5 years)
There are 4 press articles registered for this company
Complementary
Information
Financial Information
Por causas ajenas a nuestra voluntad el Depósito de cuentas del
ejercicio 2004 se ha recibido erróneamente.
ADDITIONAL INFORMATION
This company has been consulted was last displayed on 11/04/2012, 13 times in the last quarter and 641 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.99 |
|
UK Pound |
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.63.40 |
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.