MIRA
INFORM REPORT
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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
MARROQUINERIA LEYVA SL |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
01.01.1986 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees : |
RATING & COMMENTS
|
MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exists |
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 |
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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
MARROQUINERIA LEYVA SL
CIF/NIF: B03220282
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: MARROQUINERIA LEYVA SL
Commercial
name: NEW WORLD SHOPPING CENTER NUEVO MUNDO CENTRO COMERCIAL; DETALLES
COMPLEMENTOS Y MENAJE PARA EL HOGAR
Other names: YES
Current Address: CALLE PAIS VALENCIA, 6 -
LOCAL 8
Branches: 4
Telephone number: 965865673 Fax: 966813241
URL: www.marroquinerialeyva.com
Corporate e-mail: informacion@grupoleyva.com
Trade Risk
Incidents: YES
R.A.I.: YES
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: YES
Financial Information
Latest sales known (2010): 2.286.036,25
(Estimated)
Balance sheet latest sales (2008): 2.463.459,93 (Commercial Registry)
Result: 120.151
Total Assets: 6.750.067,44
Share capital: 896.700,00
Employees: 40
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 20/03/1986
Activity: Wholesale of leather
NACE 2009 CODE: 4624
International Operations: Imports and
Exports
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest filed accounts in the Commercial Registry: 2008
Latest act published in BORME: 28/10/2010 Annual Filed Accounts
Latest press article: 28/08/2008 INFORMATION (LEGAL
ANNOUNCEMENTS)
Bank Entities: There are
|
Incidents |
Few |
|
Business
Trajectory |
Very Negative |
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
19/04/2012 |
Reduction |
6 |
One of our analysts has carried a detailed
revision of all available information of the company. |
|
16/04/2012 |
Equal |
7 |
There has been a variation in the affected
parties of the companys non-payments information. |
|
02/04/2012 |
Reduction |
7 |
There has been a variation in the affected
parties of the companys non-payments information. |
|
06/03/2012 |
Equal |
8 |
There has been a variation in the affected
parties of the companys non-payments information. |
|
03/02/2012 |
Equal |
8 |
Variation in the rating system with regards to
legal incidences information. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: 1 ( Last:22/11/2011 )
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With the Social Security: |
1 |
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With the Tax Authorities: |
0 |
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With Other Official bodies: |
0 |
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Properties affected by an auction for an amount
of 154.999,20 |
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AFFECTED BY: No significant element.
Latest Administrative Claims
figures expressed in
WITH THE SOCIAL SECURITY.
Auctions
|
DATE |
ORGANIZATION |
AMOUNT |
|
22/11/2011 |
CENTRAL TREASURY FOR SOCIAL SECURITY URE 03/04 DE BENIDORM |
|
Detail of the Latest Administrative Claims
figures expressed in
Auctions
WITH THE SOCIAL SECURITY.
Phase: AUCTION OF ASSETS
Organization: CENTRAL TREASURY FOR SOCIAL SECURITY URE 03/04
DE BENIDORM
Concept: Sanction
Date of the claim: 22/11/2011
Source: Published in the Social Security Edicts and Announcements Board, on
25/11/2011, page 1
Seized Amount: 154.999,2
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT 
Summary
All the unpaid contracts of the company are in a
friendly collection situation.
It has not fulfilled its contract obligations with
financial entities and a varied series of companies. It has to be stressed
that 91,02% of the unpaid amount corresponds to contracts with the
financial system.
The 100,00% of the non-fulfilment of
payment obligations have more than 3 months. The 75,00% of the
non-fulfilment of payment obligations have more than 6 months reaching the
non-fulfilment of payment obligation, regarding the total unpaid debt, with
more than 6 months 91,02% .
|
CHARACTERISTICS OF THE OPERATION |
NON-PAYMENT CHARACTERISTICS |
||||||
|
Creditor Type |
Product |
Amount of the operations |
Situation |
Number of non-payments |
Non-payment amount |
Date of the first non-payment |
Date of the last non-payment |
|
Bank |
Mortgage Loan |
- |
> 180 days from the first expired default |
10 |
61.766,92 |
25/06/2011 |
25/03/2012 |
|
Bank |
Personal Loans |
- |
> 180 days from the first expired default |
2 |
39.604,86 |
22/06/2011 |
22/06/2011 |
|
Bank |
Personal Loans |
- |
> 180 days from the first expired default |
1 |
16.512,44 |
13/06/2011 |
13/06/2011 |
|
Credit Cooperatives |
Personal Loans |
170.000,00 |
Between 90 and 120 days from the 1st expired default |
4 |
11.636,92 |
25/12/2011 |
25/03/2012 |
|
|
|
|
|
|
129.521,14 |
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|
This information comes from Experian Bureau Empresarial Service,
property of Experian Bureau de Crιdito S.A. It could just be used for
businessmen or professionals and for the own aims of the business, and could
not be transferred or transmitted to third parties, copied, duplicate or
reproduce, nor incorporate to any owned or external database, or reuse it in
any direct or indirect way. Experian Bureau de Crιdito S.A. may file you for
damages it may suffer in case of breaching any of the afore mentioned obligations.
Experian would not be responsible of the lack of accuracy in the supplied
information when it coincides with the one supplied by the creditor entities.
R.A.I.
|
|
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NUMBER OF ENTRIES FOUND |
1 |
|
TOTAL AMOUNT |
5.700 |
|
DATE OF THE LAST ENTRY |
22/01/2011 |
|
DATE AND TIME OF THE CONSULTATION |
16/04/2012 10:04:17 |
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 |
2.238.532,84 |
33,16 |
1.892.014,49 |
29,91 |
|
B) CURRENT ASSETS |
4.511.534,60 |
66,84 |
4.433.141,15 |
70,09 |
|
LIABILITIES |
|
|
|
|
|
A) NET WORTH |
1.329.131,47 |
19,69 |
1.058.034,47 |
16,73 |
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B) NON CURRENT LIABILITIES |
3.679.090,82 |
54,50 |
3.894.349,09 |
61,57 |
|
C) CURRENT LIABILITIES |
1.741.845,15 |
25,80 |
1.372.772,08 |
21,70 |
Profit and Loss Account Analysis
Figures given in
|
|
2010 ESTIMATED |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2007 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
2.286.036,25 |
2.463.459,93 |
|
2.078.214,78 |
|
|
GROSS MARGIN |
|
1.717.438,93 |
69,72 |
1.327.874,01 |
63,89 |
|
EBITDA |
|
644.581,22 |
26,17 |
327.675,25 |
15,77 |
|
EBIT |
|
455.478,80 |
18,49 |
133.484,37 |
6,42 |
|
NET RESULT |
|
120.151,00 |
4,88 |
12.104,83 |
0,58 |
|
EFFECTIVE TAX RATE (%) |
|
26,38 |
0,00 |
65,92 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2008) |
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 |
33,16 |
27,16 |
6,00 |
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|
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A) CURRENT ASSETS |
66,84 |
72,84 |
-6,00 |
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LIABILITIES |
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|||
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A) NET WORTH |
19,69 |
40,08 |
-20,38 |
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B) NON CURRENT LIABILITIES |
54,50 |
14,39 |
40,11 |
|
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C) CURRENT LIABILITIES |
25,80 |
45,54 |
-19,73 |
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COMPANY (2008) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
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SALES |
99,97 |
98,22 |
1,74 |
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GROSS MARGIN |
69,69 |
32,81 |
36,89 |
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EBITDA |
26,16 |
4,85 |
21,30 |
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EBIT |
18,48 |
2,70 |
15,79 |
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NET RESULT |
4,88 |
1,30 |
3,57 |
|
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Sector Composition
Compared sector (NACE 2009): 4624
Number of companies: 119
Size (sales figure): 0 - 2,800,000.00 Euros
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2008
Figures given in
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
120.151,00 |
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 |
0,00 |
|
Total of Amounts to be distributed |
120.151,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
120.151,00 |
|
|
|
Application total |
120.151,00 |
ADDRESSES
Current Legal Seat Address:
CALLE PAIS VALENCIA, 6 - LOCAL 8
03509 FINESTRAT ALICANTE
Previous Seat Address:
CARRETERA NACIONAL 332 (KM) 155
03590 ALTEA
ALICANTE
Characteristics of the current address
Type of establishment: office
Owners: rented
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE ESPERANTO, 5 |
03503 |
BENIDORM |
Alicante |
|
CALLE GAMBO |
03503 |
BENIDORM |
Alicante |
|
CALLE PAIS VALENCIA, 6 |
03509 |
FINESTRAT |
Alicante |
|
CALLE PRIVAT, 2 - LOCAL 7 |
03509 |
FINESTRAT |
Alicante |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE PAIS VALENCIA, 6 |
03500 |
FINESTRAT |
Alicante |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
27/04/2007)
Operative Board Members : 4 (latest change: 15/09/2009)
Non-current positions : 2 (latest change: 27/04/2007)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
LEYVA ROMERO, JOSE MANUEL |
27/04/2007 |
|
|
|
|
|
POSITION |
NAME AND SURNAME |
|
General Manager |
LEYVA ROMERO, JOSE MANUEL |
|
Financial Manager |
FERNANDEZ, MANUEL |
|
Human Resources Director |
FERNANDEZ, MANUEL |
|
Commercial Director |
LEYVA ROMERO, JOSE MANUEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
LEYVA ROMERO JOSE MANUEL |
|
100,00 |
OWN SOURCES |
05/05/2011 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: JOSE MANUEL LEYVA ROMERO
|
COMPANY |
POSITION |
PROVINCE |
|
ROCK STAR CAFE SL. |
Administrador Ϊnico |
ALICANTE |
|
BABY KING DISEΡOS SL |
Administrador Ϊnico |
ALICANTE |
|
SOLYMAR GARDEN SL. |
Administrador Ϊnico |
ALICANTE |
|
OBRAS Y PROYECTOS JOMA SL. |
Administrador Ϊnico |
ALICANTE |
|
LA FOSSA VORAMAR S.L. |
Administrador Ϊnico |
ALICANTE |
In case you need more information you can request:Board Members
Monitoring
Search Criterion "LEYVA LEATHER SL"
URL: www.babymims.com
Points of sale products Babymims: Cuski, coochi,
Mummy Mitts ... LEYVA
LEATHER, SL. AVDA. Valencia, August 03 059
FINESTRAT Phone: 966
802 595. GUGU C / ANGEL LOZANO, 6 03001
Alicante ...
URL: www.somostodos.es
Asepri: Retail LEYVA LEATHER, SL. AV crossing
Valencia, Alicante 03509 6 FINESTRAT
TLF. 965865673. Bebedue,
Micuna, Olmitos, Tutto
Piccolo ...
URL: www.boe.es
BOE 191, Sec
07/10/2008 Anunc Pag
32354 to 32355 October 7, 2008 ... 56,488. LEATHER
LEYVA, S. L.. (Society
split in part). BLESSED
PATIENCE, S. L.. (Society
preexisting recipient) ...
URL: www.toctoys.com
Toc Toys - Where
to buy leather goods Leyva,
SL. C / Privat,
8. Finestrad (03,509).
Dadaima crops. Olcina
Marina Bldg, 31.
Playa de San Juan (03,540). Stall. Av Finland,
17 ...
URL: es.kompass.com
Writing, skin | Blupel
Spain, SA Skin
Morgado, SL Anna
& Robert Leather, SL ... S.L. Hakei Europe, SL
Leather Ilicitana, SL Leather Leyva,
SL Matthias ...
BUSINESS INFORMATION
Incorporation date: 20/03/1986
Establishment date: 01/01/1986
Founders Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Code: 1617200
Activity: Wholesale of leather
NACE 2009 CODE: 4624
NACE 2009 Activity: Wholesale of hides, skins and leather
Business: MANUFACTURING, MARKETING,
DISTRIBUTION, SALE, IMPORT, EXPORT
OF ARTICLES OF LEATHER,
LEATHER AND THEIR SUPPLIES, GIFT, TOYS: COOKWARE, HOME
SUPPLIES AND FURNITURE,
Latest employees figure: 40 (2011)
% of fixed employees: 76,92%
% of temporary employees: 23,08%
Employees evolution
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|
|
|
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
SAMSONITE |
NO |
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO POPULAR ESPAΡOL, S.A. |
0165 |
AV. GAMBO, 6 |
BENIDORM |
Alicante |
|
BANCA MARCH, S.A. |
0295 |
AV. ALFONSO PUCHADES, 3 |
NUCIA (LA) |
Alicante |
|
BANCO CAM, S.A. |
0471 |
AVDA. PAIS VALENCIA, S/N |
FINESTRAT |
Alicante |
|
CAIXA R. DE CALLOSA DEN SARRIA, C.C.V. |
0005 |
AVDA.MEDITERRANEO,9 EDIF MARIANNE |
BENIDORM |
Alicante |
Bank sources inform that the subject maintains a irregular operative, offering
a less favourable opinion based on their experience.
FORMER NAMES:
MARROQUINERIA LEYVA SOCIEDAD ANONIMA.
Brand name: RUBIK-UN NUEVO MUNDO PARA LOS NINOS (Valid)
Type: JOINT Scope: NATIONAL Date: 09/06/2010
Brand name: VORA VORA (Valid)
Type: JOINT Scope: NATIONAL Date: 31/05/2008
Brand name: EMBLEME (Valid)
Type: JOINT Scope: NATIONAL Date: 29/09/2006
Brand name: E (Valid)
Type: JOINT Scope: NATIONAL Date: 28/09/2006
Brand name: LEYVA (Valid)
Type: JOINT Scope: NATIONAL Date: 08/04/2005
LEGAL STRUCTURE
Constitution Data
Register Date: 20/03/1986
Legal form: Limited Liability Company
Share capital: 896.700,00
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: 2 (Last: 12/04/2005, first:
12/01/1993)
Acts on administrators: 9 (Last: 27/04/2007, first:
12/01/1993)
Acts on capital: 4 (Last: 18/05/2009, first:
10/08/1999)
Acts on creation: 0
Acts on filed accounts: 19 (Last: 28/10/2010, first:
14/10/1991)
Acts on identification: 3 (Last: 20/07/2001, first:
12/01/1993)
Acts on Information: 5 (Last: 27/04/2007, first:
12/01/1993)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2008) |
28/10/2010 |
904775 |
Alicante |
|
Capital enlargement (IA) |
18/05/2009 |
223241 |
Alicante |
|
Capital reduction (IA) |
18/05/2009 |
223241 |
Alicante |
|
Annual Filed Accounts (2007) |
04/11/2008 |
1043082 |
Alicante |
|
Annual Filed Accounts (2006) |
28/03/2008 |
106828 |
Alicante |
|
Modification of the Articles of Association |
27/04/2007 |
238232 |
Alicante |
|
Appointments |
27/04/2007 |
238232 |
Alicante |
|
Resignations |
27/04/2007 |
238232 |
Alicante |
|
Annual Filed Accounts (2005) |
12/03/2007 |
133656 |
Alicante |
|
Annual Filed Accounts (2004) |
27/01/2006 |
43378 |
Alicante |
Press summary by type of information (last five years)
Legal notices: 1 (Last: 28/08/2008)
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 0
Latest press article published
28/08/2008 INFORMATION - LEGAL ANNOUNCEMENTS
EXTRAORDINARY GENERAL MEETING OF LEATHER LEYVA,
SA, HELD ON 15/08/08, APPROVED THE PROPOSED SPIN PART
OF THE COMPANY.
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 28/06/2011.
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 |
2.238.532,84 |
33,16 |
1.892.014,49 |
29,91 |
|
I. Intangible assets |
296.192,00 |
4,39 |
742.420,88 |
11,74 |
|
II. Tangible fixed assets |
1.810.723,41 |
26,83 |
1.019.347,61 |
16,12 |
|
III. Real-estate investments |
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
|
|
130.246,00 |
2,06 |
|
V. Long Term Financial Investments |
130.246,00 |
1,93 |
|
|
|
VI. Assets by deferred taxes |
1.371,43 |
0,02 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
B) CURRENT ASSETS |
4.511.534,60 |
66,84 |
4.433.141,15 |
70,09 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
II. Stocks |
3.629.078,20 |
53,76 |
2.796.800,46 |
44,22 |
|
III. Trade Debtors and other receivable
accounts |
229.148,64 |
3,39 |
1.548.913,54 |
24,49 |
|
1. Clients |
180.151,53 |
2,67 |
|
|
|
b) Clients for sales and
short term services rendering |
180.151,53 |
2,67 |
|
|
|
3. Other debtors |
48.997,11 |
0,73 |
|
|
|
IV. Short term investments in associated
and affiliated companies |
|
|
18.909,08 |
0,30 |
|
V. Short term financial investments |
434.290,12 |
6,43 |
|
|
|
VI. Short term periodifications |
12.452,76 |
0,18 |
5.356,69 |
0,08 |
|
VII. Cash and equivalents |
206.564,88 |
3,06 |
63.161,38 |
1,00 |
|
TOTAL ASSETS (A + B) |
6.750.067,44 |
100,00 |
6.325.155,64 |
100,00 |
Alerts associated to the conversion to PGC2007
In the conversion process there have
been eliminated the existing incorporation costs at the end of the accounts formulation
exercise, for %1, but not the amortization cost of those periodificable
expenses. Additionally, capital increase and incorporation costs could not be
identified and they should the allocated to Net Worth not going through the
Profit and Loss Account.
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.
The Valuation norms applicable to
financial instruments 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. In the conversion process there
could not be determined effectively if Temporary Financial Investments
correspond or not with investments in associated and affiliated companies, for
this reason there has been decided to determine that they correspond with Short
term investments in associated and affiliated companies.
Net Worth and Liabilities
Figures given in
|
|
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NET WORTH |
1.329.131,47 |
19,69 |
1.058.034,47 |
16,73 |
|
A-1) Equity |
1.329.131,47 |
19,69 |
1.058.034,47 |
16,73 |
|
I. Capital |
896.700,00 |
13,28 |
896.700,00 |
14,18 |
|
1. Authorized capital |
896.700,00 |
13,28 |
896.700,00 |
14,18 |
|
II. Issue premium |
|
|
|
|
|
III. Reserves |
445.363,33 |
6,60 |
307.549,48 |
4,86 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
V. Results from previous years |
-133.082,86 |
-1,97 |
-158.319,84 |
-2,50 |
|
VI. Other loans from partners |
|
|
|
|
|
VII. Exercise Result |
120.151,00 |
1,78 |
12.104,83 |
0,19 |
|
VIII. (Interim dividend) |
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
A-3) Received legacies, grants and
subventions |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
3.679.090,82 |
54,50 |
3.894.349,09 |
61,57 |
|
I. Long term provisions |
|
|
|
|
|
II. Long term debts |
3.679.090,82 |
54,50 |
|
|
|
1. Debts with bank entities |
3.288.739,29 |
48,72 |
|
|
|
3. Other long term debts |
390.351,53 |
5,78 |
|
|
|
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 |
1.741.845,15 |
25,80 |
1.372.772,08 |
21,70 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
III. Short term debts |
1.040.078,92 |
15,41 |
|
|
|
1. Debts with bank entities |
879.064,14 |
13,02 |
|
|
|
3. Other short term debts |
161.014,78 |
2,39 |
|
|
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
|
V. Trade creditors and other payable
accounts |
701.766,23 |
10,40 |
|
|
|
1. Suppliers |
287.117,43 |
4,25 |
|
|
|
b) Short term suppliers |
287.117,43 |
4,25 |
|
|
|
2. Other creditors |
414.648,80 |
6,14 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
6.750.067,44 |
100,00 |
6.325.155,64 |
100,00 |
Alerts associated to the conversion to PGC2007
The Valuation norms applicable to Long
Term Creditors 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 |
2.463.459,93 |
99,97 |
2.078.214,78 |
99,61 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
4. Supplies |
-746.819,64 |
-30,31 |
-758.568,20 |
-36,36 |
|
5. Other operating income |
798,64 |
0,03 |
8.227,43 |
0,39 |
|
6. Labour cost |
-636.413,55 |
-25,83 |
-602.775,62 |
-28,89 |
|
7. Other operating costs |
-438.530,27 |
-17,80 |
-397.423,14 |
-19,05 |
|
8. Amortization of fixed assets |
-189.102,42 |
-7,67 |
-194.190,88 |
-9,31 |
|
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 |
2.086,11 |
0,08 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6
+ 7 + 8 + 9 + 10 + 11 + 12 + 13) |
455.478,80 |
18,48 |
133.484,37 |
6,40 |
|
14. Financial income |
5.404,70 |
0,22 |
4.190,27 |
0,20 |
|
b) Other financial income |
5.404,70 |
0,22 |
4.190,27 |
0,20 |
|
15. Financial expenses |
-295.174,19 |
-11,98 |
-102.151,90 |
-4,90 |
|
16. Reasonable value variation on financial
instruments |
-2.496,29 |
-0,10 |
|
|
|
17. Exchange differences |
|
|
|
|
|
18. Deterioration and result for disposal
of financial instruments |
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 +
18 + 19) |
-292.265,78 |
-11,86 |
-97.961,63 |
-4,70 |
|
C) RESULT BEFORE TAXES (A + B) |
163.213,02 |
6,62 |
35.522,74 |
1,70 |
|
20. Taxes on profits |
-43.062,02 |
-1,75 |
-23.417,91 |
-1,12 |
|
D) EXERCISE RESULT (C + 20) |
120.151,00 |
4,88 |
12.104,83 |
0,58 |
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
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 EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
896.700,00 |
469.037,44 |
-158.319,84 |
12.104,83 |
|
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) |
896.700,00 |
469.037,44 |
-158.319,84 |
12.104,83 |
|
I. Total recognized income and expenses |
|
|
|
120.151,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
-23.674,11 |
25.236,98 |
-12.104,83 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
896.700,00 |
445.363,33 |
-133.082,86 |
120.151,00 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
1.219.522,43 |
|
||
|
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) |
1.219.522,43 |
|
||
|
I. Total recognized income and expenses |
120.151,00 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
-10.541,96 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.329.131,47 |
|
||
RATIOS
|
|
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||
|
Working Capital () |
2.769.689,45 |
-9,50 |
3.060.369,07 |
|
Working capital ratio |
0,41 |
-14,58 |
0,48 |
|
Soundness Ratio |
0,59 |
5,36 |
0,56 |
|
Average Collection Period (days) |
33 |
-87,52 |
268 |
|
Average Payment Period (days) |
213 |
|
|
|
LIQUIDITY RATIOS |
|||
|
Current Ratio (%) |
259,01 |
-19,79 |
322,93 |
|
Quick Ratio (%) |
36,79 |
699,78 |
4,60 |
|
DEBT RATIOS |
|||
|
Borrowing percentage (%) |
69,91 |
|
|
|
External Financing Average Cost |
0,06 |
|
|
|
Debt Service Coverage |
15,26 |
|
|
|
Interest Coverage |
1,54 |
17,56 |
1,31 |
|
GENERAL AND ACTIVITIES RATIOS |
|||
|
Auto financing generated by sales (%) |
12,55 |
26,38 |
9,93 |
|
Auto financing generated by Assets (%) |
4,58 |
40,49 |
3,26 |
|
Breakdown Point |
1,23 |
14,95 |
1,07 |
|
Average Sales Volume per Employee |
93.277,54 |
79,53 |
51.955,37 |
|
Average Cost per Employee |
24.097,45 |
59,91 |
15.069,39 |
|
Assets Turnover |
0,36 |
12,12 |
0,33 |
|
Inventory Turnover (days) |
1.749 |
31,79 |
1.327 |
|
RESULTS RATIOS |
|||
|
Return on Assets (ROA) (%) |
6,75 |
219,91 |
2,11 |
|
Operating Profitability (%) |
9,55 |
84,36 |
5,18 |
|
Return on Equity (ROE) (%) |
12,28 |
265,48 |
3,36 |
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 |
33,16 |
27,16 |
6,00 |
|
A) CURRENT ASSETS |
66,84 |
72,84 |
-6,00 |
|
LIABILITIES |
|||
|
A) NET WORTH |
19,69 |
40,08 |
-20,38 |
|
B) NON CURRENT LIABILITIES |
54,50 |
14,39 |
40,11 |
|
C) CURRENT LIABILITIES |
25,80 |
45,54 |
-19,73 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,97 |
98,22 |
1,75 |
|
Other operating income |
0,03 |
1,78 |
-1,74 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-30,31 |
-67,89 |
37,58 |
|
Variation in stocks of finished goods and
work in progress |
|
0,70 |
|
|
GROSS MARGIN |
69,69 |
32,81 |
36,88 |
|
Other operating costs |
-17,80 |
-13,86 |
-3,95 |
|
Labour cost |
-25,83 |
-14,75 |
-11,08 |
|
GROSS OPERATING RESULT |
26,07 |
4,20 |
21,87 |
|
Amortization of fixed assets |
-7,67 |
-2,24 |
-5,43 |
|
Deterioration and result for fixed assets
disposal |
|
0,02 |
|
|
Other expenses / income |
|
0,72 |
|
|
NET OPERATING RESULT |
18,48 |
2,70 |
15,78 |
|
Financial result |
-11,86 |
-0,99 |
-10,87 |
|
RESULT BEFORE TAX |
6,62 |
1,70 |
4,92 |
|
Taxes on profits |
-1,75 |
-0,40 |
-1,35 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
4,88 |
1,30 |
3,58 |
|
Exercise result coming from discontinued
operations net of taxes |
|
0,00 |
|
|
NET RESULT |
4,88 |
1,30 |
3,58 |
|
Amortization of fixed assets |
-7,67 |
-2,24 |
-5,43 |
|
Deterioration and provisions variation |
-7,67 |
0,09 |
-7,76 |
|
|
20,22 |
3,46 |
16,76 |
Main Ratios
Figures given in
|
|
COMPANY (2008) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
2.769.689,45 |
21.790,39 |
106.525,14 |
329.592,60 |
|
Working capital ratio |
0,41 |
0,13 |
0,31 |
0,48 |
|
Soundness Ratio |
0,59 |
0,76 |
2,03 |
4,68 |
|
Average Collection Period (days) |
33 |
43 |
95 |
157 |
|
Average Payment Period (days) |
213 |
70 |
119 |
263 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
259,01 |
116,73 |
176,86 |
282,41 |
|
Quick Ratio (%) |
36,79 |
5,46 |
28,09 |
79,44 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
69,91 |
5,20 |
19,26 |
45,01 |
|
External Financing Average Cost |
0,06 |
0,02 |
0,05 |
0,08 |
|
Debt Service Coverage |
15,26 |
0,00 |
3,48 |
16,99 |
|
Interest Coverage |
1,54 |
0,84 |
1,57 |
5,96 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
12,55 |
1,26 |
3,04 |
5,54 |
|
Auto financing generated by Assets (%) |
4,58 |
1,13 |
3,20 |
5,50 |
|
Breakdown Point |
1,23 |
1,01 |
1,03 |
1,05 |
|
Average Sales Volume per Employee |
93.277,54 |
77.160,73 |
140.265,00 |
230.235,25 |
|
Average Cost per Employee |
24.097,45 |
14.723,57 |
21.741,47 |
26.485,55 |
|
Assets Turnover |
0,36 |
0,48 |
1,02 |
1,55 |
|
Inventory Turnover (days) |
1.749 |
49 |
136 |
309 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
6,75 |
0,38 |
2,67 |
5,77 |
|
Operating Profitability (%) |
9,55 |
1,13 |
4,53 |
8,62 |
|
Return on Equity (ROE) (%) |
12,28 |
0,89 |
4,86 |
10,86 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.00 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.68.40 |
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 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.