MIRA
INFORM REPORT
|
Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
NICKOL FASHION SL |
|
|
|
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Registered Office : |
Calle Camelia (Urb Golf Resort), Bl D. Plt 7 B. Arroyo De La Miel 29631 Benalmadena Mαlaga |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
02.10.2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
|
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No. of Employees : |
5 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
7.000,00 |
|
Status : |
Satisfactory |
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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 |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
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Off-credit |
D |
Company name
NICKOL FASHION SL
CIF/NIF: B92888478
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: NICKOL FASHION SL
Other names: YES
Current Address: CALLE CAMELIA (URB GOLF
RESORT), BL D . PLT 7 B.
ARROYO DE LA
MIEL 29631 BENALMADENA MΑLAGA
Branches: 1
Telephone number: 952243965 Fax: 952231813
URL: www.nickolfashion.com
Corporate e-mail: nickolfashion@yahoo.es
Trade Risk
Credit appraisal: 7.000,00
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2010): 763.452,55 (Commercial Registry)
Result: 3.620,67
Total Assets: 473.079,89
Share capital: 3.006,00
Employees: 5
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 02/10/2007
Activity: Wholesale of textile, clothing,
footwear , etc.
NACE 2009 CODE: 4642
International Operations: No business relationships registered
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest filed accounts in the Commercial Registry: 2010
Latest act published in BORME: 30/08/2011 Annual Filed Accounts
Latest press article: No press articles registered
Bank Entities: There are not
TRADE RISK
RATING
Credit
appraisal
Maximum Credit
(from 0 to
6,000,000 )
Favourable to 7.000,00
Financial
Situation
|
Exercise:2010 |
Evolution |
|
||
|
Treasury |
Average |
|
||
|
Indebtedness |
Heavy |
|
||
|
Profitability |
Slight |
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||
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Balance |
Excellent |
|
||
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Good |
Rating Explication
Financial Situation
The companys financial situation is normal.
The companys financial situation evolution has
been stable.
The sales evolution and results has
been positive.
Company Structure
The companys capitalization degree determines that
its structure is weak.
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.
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 15:04:43
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 |
2.425,84 |
0,51 |
2.861,52 |
0,82 |
3.297,20 |
0,92 |
|
B) CURRENT ASSETS |
470.654,05 |
99,49 |
347.930,98 |
99,18 |
355.538,65 |
99,08 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
11.020,38 |
2,33 |
7.399,71 |
2,11 |
4.118,39 |
1,15 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
462.059,51 |
97,67 |
343.392,79 |
97,89 |
354.717,46 |
98,85 |
Profit and Loss Account Analysis 
Figures given in
|
|
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
763.452,55 |
|
405.679,70 |
|
285.504,66 |
|
|
GROSS MARGIN |
200.898,41 |
26,31 |
146.534,06 |
36,12 |
210.781,69 |
73,83 |
|
EBITDA |
9.855,36 |
1,29 |
6.584,89 |
1,62 |
4.498,97 |
1,58 |
|
EBIT |
9.419,68 |
1,23 |
6.149,21 |
1,52 |
4.165,47 |
1,46 |
|
NET RESULT |
3.620,67 |
0,47 |
3.281,32 |
0,81 |
1.739,45 |
0,61 |
|
EFFECTIVE TAX RATE (%) |
25,00 |
0,00 |
25,00 |
0,01 |
17,57 |
0,01 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
0,51 |
33,31 |
-32,80 |
|
|
|
|
|
A) CURRENT ASSETS |
99,49 |
66,69 |
32,80 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
2,33 |
37,84 |
-35,51 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
17,16 |
|
|
|
|
|
|
C) CURRENT LIABILITIES |
97,67 |
45,00 |
52,67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
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|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
98,46 |
1,54 |
|
|
|
|
|
GROSS MARGIN |
26,31 |
40,03 |
-13,72 |
|
|
|
|
|
EBITDA |
1,29 |
4,21 |
-2,92 |
|
|
|
|
|
EBIT |
1,23 |
2,34 |
-1,11 |
|
|
|
|
|
NET RESULT |
0,47 |
0,63 |
-0,15 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4642
Number of companies: 736
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 |
3.620,67 |
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 |
3.620,67 |
|
Total of Amounts to be distributed |
3.620,67 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
3.620,67 |
ADDRESSES
Current Legal Seat Address:
CALLE CAMELIA (URB GOLF RESORT), BL D . PLT 7 B.
ARROYO
DE LA MIEL 29631 BENALMADENA MΑLAGA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE ANDRE GIDE, 14 |
29004 |
MALAGA |
Mαlaga |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
16/11/2007)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
EL JIRARI BOLTZEKRI, MUSTAPHA |
16/11/2007 |
|
|
|
|
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
JIRARI BOUZEKRI MUSTAPHA |
|
100,00 |
B.O.R.M.E. |
16/11/2007 |
BUSINESS INFORMATION
Incorporation date: 02/10/2007
Code: 1613100
Activity: Wholesale of textile, clothing, footwear , etc.
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: EXPORT, IMPORT, MARKETING AND SALES,
WHOLESALE AND RETAIL OF ALL KINDS OF CLOTHES FOR CLOTHING AND
FOOTWEAR, gift items, clothing
and accessories.
Latest employees figure: 5 (2010)
% of fixed employees: 80,00%
% of temporary employees: 20,00%
% of men: 60,00%
% of women: 40,00%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
3 |
2 |
No bank branches registered
Brand name: TF (Valid)
Type: JOINT Scope: NATIONAL Date: 13/11/2007
Brand name: TF TAGZUTI FASHION (Valid)
Type: JOINT Scope: NATIONAL Date: 08/11/2007
Brand name: 2.4 DSL SUPER TURBO (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 05/10/2006
Brand name: 5@I (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 05/10/2006
Brand name: 58 LVS (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 05/10/2006
LEGAL STRUCTURE
Constitution Data
Register Date: 02/10/2007
Register town: Mαlaga
Announcement number: 565718
Register data:
Volume 4405, Book 3314, Folio 51, Section 8, Sheet 94214,
Inscription I/A 1 (2007-10-30)
Share capital: 3.006
Legal form: Limited Liability Company
Share capital: 3.006,00
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: 1 (Last: 16/11/2007)
Acts on capital: 0
Acts on creation: 1 (Last: 16/11/2007)
Acts on filed accounts: 4 (Last: 30/08/2011, first:
10/09/2008)
Acts on identification: 0
Acts on Information: 1 (Last: 16/11/2007)
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) |
30/08/2011 |
385407 |
Mαlaga |
|
|
|
Filed Accounts date: August 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 contracts59910102010PDFThis
product is out of the fee for OPEN contracts59910102010TIFFThis product is
out of the fee for OPEN contracts59910102010 Publication Data:
Register Mαlaga, Gazette 165, Page
45348, Announcement 385407 (30/08/2011) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2009) |
01/09/2010 |
426741 |
Mαlaga |
|
Annual Filed Accounts (2008) |
03/09/2009 |
314486 |
Mαlaga |
|
Annual Filed Accounts (2007) |
10/09/2008 |
463273 |
Mαlaga |
|
Appointments |
16/11/2007 |
565718 |
Mαlaga |
|
Declaration of individual ownership |
16/11/2007 |
565718 |
Mαlaga |
|
Constitution |
16/11/2007 |
565718 |
Mαlaga |
Press articles
No press articles registered for this 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 31/08/2011.
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 |
2.425,84 |
0,51 |
2.861,52 |
0,82 |
3.297,20 |
0,92 |
|
I. Intangible assets |
932,56 |
0,20 |
1.104,72 |
0,31 |
1.276,88 |
0,36 |
|
II. Tangible fixed assets |
1.493,28 |
0,32 |
1.756,80 |
0,50 |
2.020,32 |
0,56 |
|
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 |
470.654,05 |
99,49 |
347.930,98 |
99,18 |
355.538,65 |
99,08 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
276.444,98 |
58,44 |
135.908,87 |
38,74 |
161.973,09 |
45,14 |
|
III. Trade Debtors and other receivable
accounts |
189.652,21 |
40,09 |
195.565,76 |
55,75 |
179.664,58 |
50,07 |
|
1. Clients |
155.271,60 |
32,82 |
178.489,08 |
50,88 |
144.676,81 |
40,32 |
|
b) Clients for sales and
short term services rendering |
155.271,60 |
32,82 |
178.489,08 |
50,88 |
144.676,81 |
40,32 |
|
3. Other debtors |
34.380,61 |
7,27 |
17.076,68 |
4,87 |
34.987,77 |
9,75 |
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
4.556,86 |
0,96 |
16.456,35 |
4,69 |
13.900,98 |
3,87 |
|
TOTAL ASSETS (A + B) |
473.079,89 |
100,00 |
350.792,50 |
100,00 |
358.835,85 |
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 |
11.020,38 |
2,33 |
7.399,71 |
2,11 |
4.118,39 |
1,15 |
|
A-1) Equity |
11.020,38 |
2,33 |
7.399,71 |
2,11 |
4.118,39 |
1,15 |
|
I. Capital |
3.006,00 |
0,64 |
3.006,00 |
0,86 |
3.006,00 |
0,84 |
|
1. Authorized capital |
3.006,00 |
0,64 |
3.006,00 |
0,86 |
3.006,00 |
0,84 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
4.393,71 |
0,93 |
1.112,39 |
0,32 |
|
|
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
-627,06 |
-0,17 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
3.620,67 |
0,77 |
3.281,32 |
0,94 |
1.739,45 |
0,48 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and
subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
|
|
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 |
462.059,51 |
97,67 |
343.392,79 |
97,89 |
354.717,46 |
98,85 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
371.028,89 |
78,43 |
271.828,89 |
77,49 |
310.085,00 |
86,41 |
|
3. Other short term debts |
371.028,89 |
78,43 |
271.828,89 |
77,49 |
310.085,00 |
86,41 |
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable
accounts |
91.030,62 |
19,24 |
71.563,90 |
20,40 |
44.632,46 |
12,44 |
|
1. Suppliers |
30.933,69 |
6,54 |
40.726,82 |
11,61 |
11.006,34 |
3,07 |
|
b) Short term suppliers |
30.933,69 |
6,54 |
40.726,82 |
11,61 |
11.006,34 |
3,07 |
|
2. Other creditors |
60.096,93 |
12,70 |
30.837,08 |
8,79 |
33.626,12 |
9,37 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
473.079,89 |
100,00 |
350.792,50 |
100,00 |
358.835,85 |
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 |
763.452,55 |
100,00 |
405.679,70 |
100,00 |
285.504,66 |
100,00 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-562.554,14 |
-73,69 |
-259.145,64 |
-63,88 |
-74.722,97 |
-26,17 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-81.213,06 |
-10,64 |
-52.512,09 |
-12,94 |
-53.161,76 |
-18,62 |
|
7. Other operating costs |
-109.829,99 |
-14,39 |
-87.437,08 |
-21,55 |
-153.120,96 |
-53,63 |
|
8. Amortization of fixed assets |
-435,68 |
-0,06 |
-435,68 |
-0,11 |
-333,50 |
-0,12 |
|
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 |
|
|
|
|
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6
+ 7 + 8 + 9 + 10 + 11 + 12 + 13) |
9.419,68 |
1,23 |
6.149,21 |
1,52 |
4.165,47 |
1,46 |
|
14. Financial income |
0,30 |
0,00 |
0,48 |
0,00 |
49,18 |
0,02 |
|
b) Other financial income |
0,30 |
0,00 |
0,48 |
0,00 |
49,18 |
0,02 |
|
15. Financial expenses |
-4.592,42 |
-0,60 |
-1.774,59 |
-0,44 |
-2.104,40 |
-0,74 |
|
16. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
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) |
-4.592,12 |
-0,60 |
-1.774,11 |
-0,44 |
-2.055,22 |
-0,72 |
|
C) RESULT BEFORE TAXES (A + B) |
4.827,56 |
0,63 |
4.375,10 |
1,08 |
2.110,25 |
0,74 |
|
20. Taxes on profits |
-1.206,89 |
-0,16 |
-1.093,78 |
-0,27 |
-370,80 |
-0,13 |
|
D) EXERCISE RESULT (C + 20) |
3.620,67 |
0,47 |
3.281,32 |
0,81 |
1.739,45 |
0,61 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
Figures given in
|
NET WORTH CHANGES (1/3) |
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
3.620,67 |
3.281,32 |
1.739,45 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO
NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and
subventions |
|
|
|
|
IV. For actuarial profits and losses and
other adjustments |
|
|
|
|
V. Non-current assets and related
liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED
DIRECTLY TO NET WORTH (I + II + III + IV +V+VI+VII) |
|
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial
instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and
subventions |
|
|
|
|
XI. Non-current assets and related
liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS
ACCOUNT (VIII + IX + X + XI+ XII+ XIII) |
|
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A +
B + C) |
3.620,67 |
3.281,32 |
1.739,45 |
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
3.006,00 |
|
|
|
|
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) |
3.006,00 |
|
|
|
|
I. Total recognized income and expenses |
|
|
|
1.739,45 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.006,00 |
|
-627,06 |
1.739,45 |
|
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) |
3.006,00 |
|
-627,06 |
1.739,45 |
|
I. Total recognized income and expenses |
|
|
|
3.281,32 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
1.112,39 |
627,06 |
-1.739,45 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.006,00 |
1.112,39 |
|
3.281,32 |
|
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) |
3.006,00 |
1.112,39 |
|
3.281,32 |
|
I. Total recognized income and expenses |
|
|
|
3.620,67 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
3.281,32 |
|
-3.281,32 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
3.006,00 |
4.393,71 |
|
3.620,67 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
3.006,00 |
|
||
|
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) |
3.006,00 |
|
||
|
I. Total recognized income and expenses |
1.739,45 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
4.118,39 |
|
||
|
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) |
4.118,39 |
|
||
|
I. Total recognized income and expenses |
3.281,32 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
7.399,71 |
|
||
|
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) |
7.399,71 |
|
||
|
I. Total recognized income and expenses |
3.620,67 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
11.020,38 |
|
||
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
8.594,54 |
89,38 |
4.538,19 |
452,64 |
821,19 |
|
Working capital ratio |
0,02 |
100,00 |
0,01 |
|
0,00 |
|
Soundness Ratio |
4,54 |
75,29 |
2,59 |
107,20 |
1,25 |
|
Average Collection Period (days) |
89 |
-48,55 |
174 |
-23,37 |
226 |
|
Average Payment Period (days) |
49 |
-34,47 |
74 |
5,10 |
71 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
101,86 |
0,53 |
101,32 |
1,09 |
100,23 |
|
Quick Ratio (%) |
0,99 |
-79,33 |
4,79 |
22,19 |
3,92 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
78,43 |
1,21 |
77,49 |
-10,32 |
86,41 |
|
External Financing Average Cost |
0,01 |
0,00 |
0,01 |
0,00 |
0,01 |
|
Debt Service Coverage |
91,47 |
25,08 |
73,13 |
-51,11 |
149,59 |
|
Interest Coverage |
2,05 |
-40,92 |
3,46 |
75,25 |
1,98 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
0,53 |
-42,39 |
0,92 |
26,03 |
0,73 |
|
Auto financing generated by Assets (%) |
0,86 |
-18,87 |
1,06 |
82,76 |
0,58 |
|
Breakdown Point |
1,01 |
0,00 |
1,02 |
0,00 |
1,02 |
|
Average Sales Volume per Employee |
152.690,51 |
88,19 |
81.135,94 |
-14,74 |
95.168,22 |
|
Average Cost per Employee |
16.242,61 |
54,66 |
10.502,42 |
-40,73 |
17.720,59 |
|
Assets Turnover |
1,61 |
38,79 |
1,16 |
45,00 |
0,80 |
|
Inventory Turnover (days) |
177 |
-6,30 |
189 |
-75,83 |
780 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
1,99 |
13,71 |
1,75 |
50,86 |
1,16 |
|
Operating Profitability (%) |
2,08 |
10,64 |
1,88 |
50,40 |
1,25 |
|
Return on Equity (ROE) (%) |
43,81 |
-25,91 |
59,12 |
15,40 |
51,24 |
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 |
0,51 |
33,31 |
-32,80 |
|
A) CURRENT ASSETS |
99,49 |
66,69 |
32,80 |
|
LIABILITIES |
|||
|
A) NET WORTH |
2,33 |
37,84 |
-35,51 |
|
B) NON CURRENT LIABILITIES |
|
17,16 |
|
|
C) CURRENT LIABILITIES |
97,67 |
45,00 |
52,67 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,46 |
1,54 |
|
Other operating income |
|
1,54 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-73,69 |
-60,71 |
-12,98 |
|
Variation in stocks of finished goods and
work in progress |
|
0,75 |
|
|
GROSS MARGIN |
26,31 |
40,03 |
-13,72 |
|
Other operating costs |
-14,39 |
-18,29 |
3,90 |
|
Labour cost |
-10,64 |
-17,79 |
7,15 |
|
GROSS OPERATING RESULT |
1,29 |
3,96 |
-2,67 |
|
Amortization of fixed assets |
-0,06 |
-1,88 |
1,82 |
|
Deterioration and result for fixed assets
disposal |
|
0,01 |
|
|
Other expenses / income |
|
0,26 |
|
|
NET OPERATING RESULT |
1,23 |
2,34 |
-1,11 |
|
Financial result |
-0,60 |
-1,41 |
0,81 |
|
RESULT BEFORE TAX |
0,63 |
0,93 |
-0,30 |
|
Taxes on profits |
-0,16 |
-0,30 |
0,14 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,47 |
0,63 |
-0,16 |
|
Exercise result coming from discontinued
operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,47 |
0,63 |
-0,16 |
|
Amortization of fixed assets |
-0,06 |
-1,88 |
1,82 |
|
Deterioration and provisions variation |
-0,06 |
0,02 |
-0,08 |
|
|
0,59 |
2,50 |
-1,91 |
Main Ratios
Figures given in
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
8.594,54 |
12.967,81 |
68.563,79 |
215.696,22 |
|
Working capital ratio |
0,02 |
0,06 |
0,21 |
0,42 |
|
Soundness Ratio |
4,54 |
0,74 |
1,69 |
4,25 |
|
Average Collection Period (days) |
89 |
19 |
56 |
109 |
|
Average Payment Period (days) |
49 |
61 |
104 |
174 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
101,86 |
108,88 |
141,20 |
222,38 |
|
Quick Ratio (%) |
0,99 |
4,66 |
18,89 |
53,28 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
78,43 |
6,82 |
26,25 |
48,29 |
|
External Financing Average Cost |
0,01 |
0,02 |
0,04 |
0,08 |
|
Debt Service Coverage |
91,47 |
0,00 |
3,75 |
12,03 |
|
Interest Coverage |
2,05 |
0,97 |
1,78 |
4,77 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
0,53 |
0,92 |
2,48 |
5,09 |
|
Auto financing generated by Assets (%) |
0,86 |
1,26 |
3,28 |
6,21 |
|
Breakdown Point |
1,01 |
1,00 |
1,02 |
1,05 |
|
Average Sales Volume per Employee |
152.690,51 |
78.516,61 |
118.209,13 |
190.398,75 |
|
Average Cost per Employee |
16.242,61 |
15.294,39 |
20.499,91 |
26.644,87 |
|
Assets Turnover |
1,61 |
0,79 |
1,23 |
1,81 |
|
Inventory Turnover (days) |
177 |
49 |
144 |
302 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
1,99 |
0,56 |
2,95 |
6,20 |
|
Operating Profitability (%) |
2,08 |
2,02 |
5,27 |
9,04 |
|
Return on Equity (ROE) (%) |
43,81 |
0,39 |
5,98 |
17,35 |
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.