MIRA
INFORM REPORT
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Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
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Name : |
INTERCOME S.L. |
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Registered Office : |
Calle Cañada (Cr Paracuellos Del Jarama Km
1,2), 15 28860 Paracuellos De Jarama Madrid |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
28.01.1982 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
INTERCOMET SL
CIF/NIF: B28743128
Company situation: Active
Answer to the data in your
request
Address
The subject’s correct address is c/ Cañada, 15, Cr. Paracuellos del
Jarama km 1,2, 28860 Paracuellos del Jarama, Madrid.
Business Name
The registered name indicated in your request is correct.
Financial Information
The last filed accounts of the subject presented in the Trade Register
corresponds to the 2010 exercise.
EXECUTIVE SUMMARY
Identification
Identification
Current Business Name: INTERCOMET SL
Other names: YES
Current Address: CALLE CAÑADA (CR PARACUELLOS DEL
JARAMA KM 1,2), 15
28860 PARACUELLOS DE JARAMA MADRID
Branches: 3
Telephone number: 916582600 Fax: 916581451
URL: www.intercomet.es
Corporate e-mail: intercomet@intercomet.es
Financial Information
Balance sheet latest sales (2010): 51.207.980,42 € (Commercial Registry)
Result: 613.567,93 €
Total Assets: 14.130.341,75 €
Share capital: 1.210.000,00 €
Employees: 12
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 28/01/1982
Activity: Wholesale of minerals
NACE 2009 CODE: 4672
International Operations: Imports and Exports
Corporate Structure
Administrator:
Participations: 6
Other Complementary Information
Latest filed accounts in the Commercial Registry: 2010
Latest act published in BORME: 26/01/2011 Annual Filed Accounts
Latest press article: 20/12/2001 ABC (LEGAL
ANNOUNCEMENTS)
Bank Entities: There are
The date when this report was last updated is 26/04/2012.
The information contained in this report has been investigated and
contrasted on 26/04/2012
Rating evolution
Credit Appraisal Evolution
raisal evolution
Financial Situation
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Exercise:2010 |
Evolution |
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Treasury |
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Restrained |
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Indebtedness |
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Slight |
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Profitability |
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Average |
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Balance |
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Bad |
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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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Excellent |
Rating Explication
Financial Situation
·
The company’s financial situation is normal.
·
The company’s financial situation evolution has
been negative.
·
The sales evolution has been positive
not the results one, which has been negative.
·
The auditor’s opinion about the latest accounts has
been favourable.
Company Structure
·
The company’s capitalization degree determines that
its structure is normal.
·
The company’s size is big 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
calulation in the note
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DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
10/01/2012 |
Equal |
11 |
There has been a variation in the risk associated to the activity
sector of the company. |
|
30/12/2011 |
Reduction |
11 |
New financial statements have been uploaded. |
Incidents
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
EXPERIAN BUREAU EMPRESARIAL BANK
AND MULTI - SECTORIAL DEFAULTS OF PAYMENT 
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
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.
NCIAL
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 |
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|
|
|
|
|
|
A) NON CURRENT ASSETS |
7.028.568,89 |
49,74 |
5.786.034,82 |
47,36 |
4.401.166,88 |
47,97 |
|
B) CURRENT ASSETS |
7.101.772,86 |
50,26 |
6.432.351,88 |
52,64 |
4.772.948,79 |
52,03 |
|
LIABILITIES |
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|
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|
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|
A) NET WORTH |
6.111.603,35 |
43,25 |
5.651.522,92 |
46,25 |
5.242.200,39 |
57,14 |
|
B) NON CURRENT LIABILITIES |
749.431,49 |
5,30 |
920.638,24 |
7,53 |
1.420.658,38 |
15,49 |
|
C) CURRENT LIABILITIES |
7.269.306,91 |
51,44 |
5.646.225,54 |
46,21 |
2.511.256,90 |
27,37 |
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 |
51.207.980,42 |
|
43.788.441,73 |
|
51.879.357,48 |
|
|
GROSS MARGIN |
3.112.184,79 |
6,08 |
3.064.163,88 |
7,00 |
3.863.445,68 |
7,45 |
|
EBITDA |
963.447,68 |
1,88 |
1.417.721,96 |
3,24 |
1.874.316,13 |
3,61 |
|
EBIT |
781.231,20 |
1,53 |
1.235.735,14 |
2,82 |
1.788.579,78 |
3,45 |
|
NET RESULT |
613.567,93 |
1,20 |
1.009.210,11 |
2,30 |
1.156.180,45 |
2,23 |
|
EFFECTIVE TAX RATE (%) |
19,40 |
0,00 |
22,58 |
0,00 |
27,89 |
0,00 |
CPARATIVE 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 |
49,74 |
34,76 |
14,98 |
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A) CURRENT ASSETS |
50,26 |
65,24 |
-14,98 |
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LIABILITIES |
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|||
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A) NET WORTH |
43,25 |
41,58 |
1,68 |
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B) NON CURRENT LIABILITIES |
5,30 |
12,74 |
-7,44 |
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C) CURRENT LIABILITIES |
51,44 |
45,68 |
5,76 |
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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 |
99,19 |
99,11 |
0,08 |
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GROSS MARGIN |
6,03 |
14,30 |
-8,27 |
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EBITDA |
1,87 |
0,28 |
1,58 |
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EBIT |
1,51 |
-0,56 |
2,07 |
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|
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NET RESULT |
1,19 |
-0,70 |
1,89 |
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Sector Composition
Compared sector (NACE 2009): 4672
Number of companies: 22
Size (sales figure): > 40,000,000.00 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 |
613.567,93 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
340.597,30 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
122.970,63 |
|
Total of Amounts to be distributed |
613.567,93 |
Dividends |
150.000,00 |
|
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Carry over and others |
0,00 |
|
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Compensation of previous exercises losses |
0,00 |
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Application total |
613.567,93 |
Auditing
Source: filing of annual financial statement 2010
Auditors’ opinion: FAVOURABLE
Auditor: CARABIAS VITOLA Y ASOCIADOS AUDITORES Y CONSULTORES
S.L.
Auditing fees: 15.522,00 €
Facts subsequent to the closing
Source: Annual financial report 2010
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
ADDRESSES
Current Legal Seat Address:
CALLE CAÑADA (CR PARACUELLOS DEL JARAMA KM 1,2), 15
28860 PARACUELLOS DE JARAMA MADRID
Previous Seat Address:
CALLE C (CR PARACUELLOS DEL JARAMA FUENTE EL) S/N
28860 PARACUELLOS DE JARAMA MADRID
Characteristics of the current address
Type of establishment: store
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE DE LAS ESCOMBRERAS, S/N |
28860 |
PARACUELLOS DE JARAMA |
Madrid |
|
CALLE DEL CAMINO DE HOYARRASA, 55 |
28109 |
ALCOBENDAS |
Madrid |
|
CALLE NICOLAS ESTEVANEZ, 30 |
35007 |
LAS PALMAS DE GRAN CANARIA |
Palmas (Las) |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE DEL CAMINO DE HOYARRASA, 55 |
28109 |
ALCOBENDAS |
Madrid |
|
CALLE DE LAS ESCOMBRERAS |
28860 |
PARACUELLOS DE JARAMA |
Madrid |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 3 members (latest change:
27/02/2003)
Auditor : 1 (latest change: 28/09/2010)
Operative Board Members : 4 (latest change: 24/02/2011)
Non-current positions : 12 (latest change: 28/09/2010)
Main Board members, Directors and
Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
ADMINISTRATOR |
MESHKAT MAMALEK MOJTABA |
11/02/2002 |
|
ADMINISTRATOR |
VAHID FATANEH TEHRANI |
11/02/2002 |
|
ADMINISTRATOR |
KHOSRAVANI BABAK |
27/02/2003 |
|
|
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|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
CARABIAS VITOLA Y ASOCIADOS AUDITORES Y CONSULTORE |
28/09/2010 |
Board members remuneration
Source: Annual financial report 2009
Board members remuneration: 84.689,04 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
MESHKAT MAMALEK MOTJABA |
|
Financial Manager |
ZULUETA, ALONSO |
|
Human Resources Director |
RODRIGUEZ, HUMBERTO |
|
Commercial Director |
KHOSRAVANI BABAK |
FINCIAL LINKS
Direct Shareholders
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
VAHID FATANEH TEHRANI |
|
Indef. |
OWN SOURCES |
24/02/2011 |
|
MESHKA TOLMA MALEK MOJTABA |
|
Indef. |
OWN SOURCES |
24/02/2011 |
Direct Participations
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
INTERCOMET CONSTRUCCIONES SA |
A81784670 |
100,00 |
OWN SOURCES |
30/09/2011 |
|
AGROPARS SA |
A45036159 |
100,00 |
COMMERCIAL REGISTRY |
31/12/2009 |
|
DREAM GLASS SL |
B84217538 |
Indef. |
COMMERCIAL REGISTRY |
31/12/2010 |
|
SPAIN PHOTOVOLTAIC SL |
B83970723 |
Indef. |
COMMERCIAL REGISTRY |
31/12/2010 |
|
COFRUMSA SA |
A80208614 |
Indef. |
COMMERCIAL REGISTRY |
31/12/2010 |
|
INDEPENDENT CONSULTING SOLUTION PROVIDERS SL |
B85357457 |
Indef. |
COMMERCIAL REGISTRY |
31/12/2010 |
Company with rating inferior to 7
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
INTERDOMOTICA S.L. |
B11956117 |
100,00 |
COMMERCIAL REGISTRY |
31/12/2010 |
|
INTERCOMET FRANCE SARL |
FRANCE |
100,00 |
COMMERCIAL REGISTRY |
31/12/2010 |
|
URBANIZADORA MEDITERRANEA SA |
A28091965 |
Indef. |
COMMERCIAL REGISTRY |
31/12/2010 |
POTENTIAL LINK
|
COMPANY FOUND |
PROVINCE |
|
INTERCOMET CONSTRUCCIONES SA |
MADRID |
Página Web en contrucción.Disculpen las molestias, Website in ... INTERCOMET
,S.L.. C/ Cañada, 15. 28860.Paracuellos del Jarama - MADRID- ESPAÑA. Tel.: +34
91 658 26 00 / Fax: +34 91 658 14 51. Ver mapa mas grande ...
URL: www.ictp.csic.es
ICTP: Instituto de Ciencia y Tecnología de Polímeros Empresa:
INTERCOMET S.L.. Investigador ICTP: Dr. Pérez Tabernero, Ernesto. intercomet.
2007 - 2008. more, ESTUDIO DE MEZCLAS BASADAS EN SEBS, ...
BUSINESS INFORMATION
Incorporation date: 28/01/1982
Code: 1616300
Activity: Wholesale of minerals
NACE 2009 CODE: 4672
NACE 2009 Activity: Wholesale of metals and metal ores
Business: OPERACIONES DE COMERCIO INTERIOR Y EXTERIOR DE
CUALESQUIERA MERCANCIAS Y BIENES MUEBLES EN GENERAL, ESPECIALMENTE
METALURGICOS.
Environmental information: YES (Page 35) Annual
financial report 2010
Latest employees figure: 12 (2011)
% of fixed employees: 100,00%
% of men: 70,83%
% of women: 29,17%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
17 |
7 |
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
SAN SEBASTIAN DE LOS REYES |
|
|
BANCO DE SABADELL, S.A. |
5166 |
AV CONSTITUCION 000090 |
TORREJON DE ARDOZ |
Madrid |
|
BANCO SANTANDER, S.A. |
0151 |
CL SERRANO 57 |
MADRID |
Madrid |
|
CAIXABANK, S.A. |
|
|
ALCOBENDAS |
|
|
DEUTSCHE BANK, S.A.E. |
|
|
MADRID |
|
Grants
|
|
|
|
Grant type: Other grants (grouped amounts or not
classified) Granting year: 2010 |
Nominal amount: 13.072,65 € Amount received in the
exercise: 13.072,65 € Amount pending collection:
0,00 € Source: Filed
Accounts (2010) |
|
|
|
FORMER NAMES:
INTERCOMET SA
Brand name: IC PISTACHIOS (Valid)
Type: JOINT Scope: NATIONAL Date: 03/03/2010
Brand name: DREAM GLASS (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 13/12/2006
Brand name: DREAM SCREEN (Valid)
Type: JOINT Scope: NATIONAL Date: 31/01/2005
Brand name: TOUCHIN (Valid)
Type: JOINT Scope: INTERNATIONAL
Date: 05/09/1994
LEGAL STRUCTURE
Constitution Data
Register Date: 28/01/1982
Legal form: Limited Liability Company
Share capital: 1.210.000,00 €
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: 30/12/2009, first: 11/02/2002)
Acts on administrators: 19 (Last: 28/09/2010, first:
15/10/1990)
Acts on capital: 3 (Last: 13/05/2004, first:
24/01/2002)
Acts on creation: 0
Acts on filed accounts: 23 (Last: 26/01/2011, first:
19/09/1990)
Acts on identification: 3 (Last: 11/02/2002, first:
10/12/1992)
Acts on Information: 4 (Last: 13/05/2004, first:
10/12/1992)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2009) consolidated |
26/01/2011 |
49004 |
Madrid |
|
Annual Filed Accounts (2009) |
14/10/2010 |
825804 |
Madrid |
|
Appointments |
28/09/2010 |
364458 |
Madrid |
|
Resignations |
28/09/2010 |
364458 |
Madrid |
|
Appointments |
28/09/2010 |
364457 |
Madrid |
|
Registered activity change |
30/12/2009 |
543365 |
Madrid |
|
Annual Filed Accounts (2008) consolidated |
18/11/2009 |
873177 |
Madrid |
|
Annual Filed Accounts (2008) |
28/10/2009 |
774241 |
Madrid |
|
Re-elections |
03/07/2009 |
300747 |
Madrid |
|
Annual Filed Accounts (2007) consolidated |
13/01/2009 |
15817 |
Madrid |
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: 2 (Last: 20/12/2001, first:
30/11/2001)
Latest press article
published
20/12/2001 ABC - LEGAL ANNOUNCEMENTS
LA JUNTA GENERAL EXTRAORDINARIA Y UNIVERSAL CELEBRADA EL 1/12/2001,
ACORDO MODIFICAR EL OBJETO SOCIAL, QUE QUEDA: OPERACIONES DE COMERCIO INTERIOR
Y EXTERIOR DE MERCANCIAS Y BIENES MUEBLES, ESPECIALMENTE PRODUCTOS
METALURGICOS, FERRICOS Y NO FERRICOS. TENENCIA Y EXPORTACION DE VALORES
MOBILIARIOS. ADQUISION, CONSTRUCCION, ENAJENACION, ARRENDAMIENTO,
ADMINISTRACION, GESTION Y EXPLOTACION DE BIENES INMUEBLES. ASESORAMIENTO PARA
LA PLANIFICACION, GESTION, DESARROLLO Y ORGANIZACION DE EMPRESAS.
30/11/2001 ABC - LEGAL ANNOUNCEMENTS
EN JUNTA GRAL. EXTRAORDINARIA Y UNIVERSAL CELEBRADA EL 26/11/01 SE
ACORDO TRASLADAR EL DOMICILIO SOCIAL DE LA CALLE ESCOMBRERAS, CARRETERA DE
PARACUELLOS DEL JARAMA A FUENTE EL SAZ, KM. 12, UNIDAD DE ACTUACION UA-3, A LA
CALLE CAÑADA, 15, CARRETERA DE PARACUELLOS DEL JARAMA A FUENTE EL SAZ, KM. 12,
AMBAS DE PARACUELLOS DEL JARAMA (MADRID).
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 30/12/2011.
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 |
7.028.568,89 |
49,74 |
5.786.034,82 |
47,36 |
4.401.166,88 |
47,97 |
|
I. Intangible assets |
640.824,56 |
4,54 |
329.605,97 |
2,70 |
163.070,67 |
1,78 |
|
1. Development |
341.138,00 |
2,41 |
117.844,83 |
0,96 |
39.529,44 |
0,43 |
|
3. Patents, licences , trademarks and similars |
103,90 |
0,00 |
177,74 |
0,00 |
462,26 |
0,01 |
|
5. Software |
18.421,33 |
0,13 |
27.156,62 |
0,22 |
19.398,35 |
0,21 |
|
6. Investigation |
257.661,33 |
1,82 |
184.426,78 |
1,51 |
103.680,62 |
1,13 |
|
7. Other intangible assets |
23.500,00 |
0,17 |
|
|
|
|
|
II. Tangible fixed assets |
2.862.526,58 |
20,26 |
1.847.777,55 |
15,12 |
1.789.443,79 |
19,51 |
|
1. Property, plant and equipment |
1.991.392,66 |
14,09 |
1.217.437,03 |
9,96 |
1.256.134,46 |
13,69 |
|
2. Technical fittings and other tangible assets |
785.400,80 |
5,56 |
479.790,38 |
3,93 |
458.309,33 |
5,00 |
|
3. Fixed assets in progress and advances |
85.733,12 |
0,61 |
150.550,14 |
1,23 |
75.000,00 |
0,82 |
|
III. Real-estate investments |
36.324,59 |
0,26 |
36.324,59 |
0,30 |
36.324,59 |
0,40 |
|
1. Lands |
36.324,59 |
0,26 |
36.324,59 |
0,30 |
36.324,59 |
0,40 |
|
IV. Long term investments in associated and affiliated companies |
3.282.837,32 |
23,23 |
3.070.522,11 |
25,13 |
1.910.434,16 |
20,82 |
|
1. Net worth instruments |
937.814,21 |
6,64 |
901.814,21 |
7,38 |
326.414,21 |
3,56 |
|
2. Credits to companies |
2.345.023,11 |
16,60 |
2.168.707,90 |
17,75 |
1.584.019,95 |
17,27 |
|
V. Long Term Financial Investments |
206.055,84 |
1,46 |
501.804,60 |
4,11 |
501.893,67 |
5,47 |
|
1. Net worth instruments |
675,00 |
0,00 |
675,00 |
0,01 |
675,00 |
0,01 |
|
5. Other financial assets |
205.380,84 |
1,45 |
501.129,60 |
4,10 |
501.218,67 |
5,46 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
7.101.772,86 |
50,26 |
6.432.351,88 |
52,64 |
4.772.948,79 |
52,03 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
1.559.963,87 |
11,04 |
613.829,73 |
5,02 |
|
|
|
1. Goods available for sale |
1.503.944,75 |
10,64 |
613.829,73 |
5,02 |
|
|
|
2. Raw material inventory |
56.019,12 |
0,40 |
|
|
|
|
|
III. Trade Debtors and other receivable accounts |
4.656.890,58 |
32,96 |
4.435.176,31 |
36,30 |
2.135.867,52 |
23,28 |
|
1. Clients |
4.478.759,87 |
31,70 |
4.414.028,20 |
36,13 |
2.017.351,00 |
21,99 |
|
b) Clients for sales and short term services
rendering |
4.478.759,87 |
31,70 |
4.414.028,20 |
36,13 |
2.017.351,00 |
21,99 |
|
3. Other debts |
12.283,15 |
0,09 |
18.989,29 |
0,16 |
829,57 |
0,01 |
|
4. Staff |
4.200,00 |
0,03 |
|
|
|
|
|
6. Other credits with the Public Administrations |
161.647,56 |
1,14 |
2.158,82 |
0,02 |
117.686,95 |
1,28 |
|
IV. Short term investments in associated and affiliated companies |
68.501,24 |
0,48 |
66.520,17 |
0,54 |
|
|
|
2. Credits to companies |
68.501,24 |
0,48 |
66.520,17 |
0,54 |
|
|
|
V. Short term financial investments |
259.624,95 |
1,84 |
601.749,49 |
4,92 |
10,00 |
0,00 |
|
2. Credits to companies |
62,45 |
0,00 |
9.156,60 |
0,07 |
|
|
|
5. Other financial assets |
259.562,50 |
1,84 |
592.592,89 |
4,85 |
10,00 |
0,00 |
|
VI. Short term periodifications |
4.900,13 |
0,03 |
6.189,15 |
0,05 |
|
|
|
VII. Cash and equivalents |
551.892,09 |
3,91 |
708.887,03 |
5,80 |
2.637.071,27 |
28,74 |
|
1. Treasury |
365.821,64 |
2,59 |
517.289,36 |
4,23 |
2.637.071,27 |
28,74 |
|
2. Other cash equivalents |
186.070,45 |
1,32 |
191.597,67 |
1,57 |
|
|
|
TOTAL ASSETS (A + B) |
14.130.341,75 |
100,00 |
12.218.386,70 |
100,00 |
9.174.115,67 |
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 |
6.111.603,35 |
43,25 |
5.651.522,92 |
46,25 |
5.242.200,39 |
57,14 |
|
A-1) Equity |
6.111.603,35 |
43,25 |
5.651.522,92 |
46,25 |
5.242.200,39 |
57,14 |
|
I. Capital |
1.210.000,00 |
8,56 |
1.210.000,00 |
9,90 |
1.210.000,00 |
13,19 |
|
1. Authorized capital |
1.210.000,00 |
8,56 |
1.210.000,00 |
9,90 |
1.210.000,00 |
13,19 |
|
II. Issue premium |
279.367,00 |
1,98 |
279.367,00 |
2,29 |
279.367,00 |
3,05 |
|
III. Reserves |
4.008.668,42 |
28,37 |
3.152.945,81 |
25,80 |
2.596.652,94 |
28,30 |
|
1. Legal and statutory |
242.000,00 |
1,71 |
242.000,00 |
1,98 |
186.762,68 |
2,04 |
|
2. Other funds |
3.766.668,42 |
26,66 |
2.910.945,81 |
23,82 |
2.409.890,26 |
26,27 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
613.567,93 |
4,34 |
1.009.210,11 |
8,26 |
1.156.180,45 |
12,60 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
749.431,49 |
5,30 |
920.638,24 |
7,53 |
1.420.658,38 |
15,49 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
749.431,49 |
5,30 |
920.638,24 |
7,53 |
1.099.418,34 |
11,98 |
|
2. Debts with bank entities |
748.808,33 |
5,30 |
905.684,72 |
7,41 |
1.054.445,72 |
11,49 |
|
3. Financial leasing creditors |
|
|
14.330,36 |
0,12 |
44.349,46 |
0,48 |
|
5. Other financial liabilities |
623,16 |
0,00 |
623,16 |
0,01 |
623,16 |
0,01 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
321.240,04 |
3,50 |
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
7.269.306,91 |
51,44 |
5.646.225,54 |
46,21 |
2.511.256,90 |
27,37 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
2.013.884,94 |
14,25 |
1.046.223,59 |
8,56 |
662,67 |
0,01 |
|
2. Debts with bank entities |
2.013.222,27 |
14,25 |
1.046.223,59 |
8,56 |
|
|
|
5. Other financial liabilities |
662,67 |
0,00 |
|
|
662,67 |
0,01 |
|
IV. Short term debts with associated and affiliated companies |
|
|
13.625,63 |
0,11 |
|
|
|
V. Trade creditors and other payable accounts |
5.255.421,97 |
37,19 |
4.586.376,32 |
37,54 |
2.510.594,23 |
27,37 |
|
1. Suppliers |
4.935.713,17 |
34,93 |
4.188.623,42 |
34,28 |
2.192.956,43 |
23,90 |
|
b) Short term suppliers |
4.935.713,17 |
34,93 |
4.188.623,42 |
34,28 |
2.192.956,43 |
23,90 |
|
3. Different creditors |
246.055,29 |
1,74 |
339.637,34 |
2,78 |
266.606,73 |
2,91 |
|
5. Liabilities by current taxes |
46.979,97 |
0,33 |
38.538,51 |
0,32 |
36.357,30 |
0,40 |
|
6. Other debts with Public Administrations |
26.673,54 |
0,19 |
19.577,05 |
0,16 |
14.673,77 |
0,16 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
14.130.341,75 |
100,00 |
12.218.386,70 |
100,00 |
9.174.115,67 |
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 |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
51.207.980,42 |
99,19 |
43.788.441,73 |
99,52 |
51.879.357,48 |
99,60 |
|
A) Sales |
49.528.611,94 |
95,93 |
42.748.756,14 |
97,15 |
50.893.332,07 |
97,70 |
|
b) Services provided |
1.679.368,48 |
3,25 |
1.039.685,59 |
2,36 |
986.025,41 |
1,89 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
524.870,45 |
1,01 |
|
3. Works for its own assets |
397.769,45 |
0,77 |
193.047,80 |
0,44 |
201.754,69 |
0,39 |
|
4. Supplies |
-48.515.483,57 |
-93,97 |
-40.937.638,26 |
-93,04 |
-48.751.640,44 |
-93,59 |
|
a) Material consumed |
-48.314.097,62 |
-93,58 |
-40.859.786,93 |
-92,86 |
-48.654.472,27 |
-93,40 |
|
b) Raw materials consumed |
-188.973,20 |
-0,37 |
-22.338,53 |
-0,05 |
-62.700,26 |
-0,12 |
|
c) Works carried out for other companies |
-12.972,13 |
-0,03 |
-26.447,01 |
-0,06 |
-34.467,91 |
-0,07 |
|
d) Deterioration on merchandises, raw materials and other supplies |
559,38 |
0,00 |
-29.065,79 |
-0,07 |
|
|
|
5. Other operating income |
21.918,49 |
0,04 |
20.312,61 |
0,05 |
9.103,50 |
0,02 |
|
a) Other incomes |
7.368,96 |
0,01 |
7.368,96 |
0,02 |
7.988,50 |
0,02 |
|
b) Operating grants included in the exercise result |
14.549,53 |
0,03 |
12.943,65 |
0,03 |
1.115,00 |
0,00 |
|
6. Labour cost |
-883.200,32 |
-1,71 |
-565.497,69 |
-1,29 |
-425.225,14 |
-0,82 |
|
a) Wages and similar expenses |
-705.350,06 |
-1,37 |
-465.917,98 |
-1,06 |
-351.296,28 |
-0,67 |
|
b) Social costs |
-177.850,26 |
-0,34 |
-99.579,71 |
-0,23 |
-73.928,86 |
-0,14 |
|
7. Other operating costs |
-1.266.121,88 |
-2,45 |
-1.101.713,94 |
-2,50 |
-1.563.904,41 |
-3,00 |
|
a) External services |
-1.242.704,62 |
-2,41 |
-1.088.850,72 |
-2,47 |
-1.556.453,46 |
-2,99 |
|
b) Taxes |
-23.417,26 |
-0,05 |
-12.863,22 |
-0,03 |
-7.450,89 |
-0,01 |
|
d) Other day to day expenses |
|
|
|
|
-0,06 |
0,00 |
|
8. Amortization of fixed assets |
-182.775,86 |
-0,35 |
-152.921,03 |
-0,35 |
-85.736,35 |
-0,16 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
508,47 |
0,00 |
-8.313,77 |
-0,02 |
|
|
|
b) Results for disposals and others |
508,47 |
0,00 |
-8.313,77 |
-0,02 |
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
636,00 |
0,00 |
17,69 |
0,00 |
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
781.231,20 |
1,51 |
1.235.735,14 |
2,81 |
1.788.579,78 |
3,43 |
|
14. Financial income |
115.583,44 |
0,22 |
236.150,37 |
0,54 |
82.896,59 |
0,16 |
|
a) From net worth instruments participations |
48,52 |
0,00 |
140.041,02 |
0,32 |
|
|
|
a 1) On group and associated companies |
|
|
140.000,00 |
0,32 |
|
|
|
a 2) On third parties |
48,52 |
0,00 |
41,02 |
0,00 |
|
|
|
b) From negotiable values and other financial instruments |
115.534,92 |
0,22 |
96.109,35 |
0,22 |
82.896,59 |
0,16 |
|
b 1) From group and associated companies |
68.501,24 |
0,13 |
66.520,17 |
0,15 |
|
|
|
b 2) From third parties |
47.033,68 |
0,09 |
29.589,18 |
0,07 |
82.896,59 |
0,16 |
|
15. Financial expenses |
-105.933,47 |
-0,21 |
-44.293,44 |
-0,10 |
-125.610,38 |
-0,24 |
|
a) For debts with associated and affiliated companies |
|
|
-13.625,63 |
-0,03 |
|
|
|
b) For debts with third parties |
-105.933,47 |
-0,21 |
-30.667,81 |
-0,07 |
-125.610,38 |
-0,24 |
|
16. Reasonable value variation on financial instruments |
|
|
11.548,58 |
0,03 |
|
|
|
a) Negotiation portfolio and others |
|
|
11.548,58 |
0,03 |
|
|
|
17. Exchange differences |
-29.675,03 |
-0,06 |
-135.607,48 |
-0,31 |
-52.288,41 |
-0,10 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
11,09 |
0,00 |
-90.280,62 |
-0,17 |
|
a) Deteriorations and losses |
|
|
|
|
-88.000,00 |
-0,17 |
|
b) Results for disposals and others |
|
|
11,09 |
0,00 |
-2.280,62 |
0,00 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-20.025,06 |
-0,04 |
67.809,12 |
0,15 |
-185.282,82 |
-0,36 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
761.206,14 |
1,47 |
1.303.544,26 |
2,96 |
1.603.296,96 |
3,08 |
|
20. Taxes on profits |
-147.638,21 |
-0,29 |
-294.334,15 |
-0,67 |
-447.116,51 |
-0,86 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
613.567,93 |
1,19 |
1.009.210,11 |
2,29 |
1.156.180,45 |
2,22 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
613.567,93 |
1,19 |
1.009.210,11 |
2,29 |
1.156.180,45 |
2,22 |
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 |
613.567,93 |
1.009.210,11 |
1.156.180,45 |
|
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) |
613.567,93 |
1.009.210,11 |
1.156.180,45 |
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
1.210.000,00 |
279.367,00 |
1.863.683,72 |
733.081,64 |
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
-112,42 |
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
1.210.000,00 |
279.367,00 |
1.863.571,30 |
733.081,64 |
|
I. Total recognized income and expenses |
|
|
|
1.156.180,45 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
733.081,64 |
-733.081,64 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.210.000,00 |
279.367,00 |
2.596.652,94 |
1.156.180,45 |
|
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) |
1.210.000,00 |
279.367,00 |
2.596.652,94 |
1.156.180,45 |
|
I. Total recognized income and expenses |
|
|
|
1.009.210,11 |
|
II. Operations with partners or owners |
|
|
556.292,87 |
|
|
1. Capital Increases |
|
|
577.028,99 |
|
|
2. (-) Capital reductions |
|
|
-20.736,12 |
|
|
III. Other net worth variations |
|
|
|
-1.156.180,45 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.210.000,00 |
279.367,00 |
3.152.945,81 |
1.009.210,11 |
|
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) |
1.210.000,00 |
279.367,00 |
3.152.945,81 |
1.009.210,11 |
|
I. Total recognized income and expenses |
|
|
|
-395.642,18 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
855.722,61 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.210.000,00 |
279.367,00 |
4.008.668,42 |
613.567,93 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
4.086.132,36 |
|
||
|
I. Adjustments by change of criteria in the exercise (2007) |
-112,42 |
|
||
|
II. Adjustments by errors in the exercise (2007) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
4.086.019,94 |
|
||
|
I. Total recognized income and expenses |
1.156.180,45 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
5.242.200,39 |
|
||
|
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) |
5.242.200,39 |
|
||
|
I. Total recognized income and expenses |
1.009.210,11 |
|
||
|
II. Operations with partners or owners |
556.292,87 |
|
||
|
1. Capital Increases |
577.028,99 |
|
||
|
2. (-) Capital reductions |
-20.736,12 |
|
||
|
III. Other net worth variations |
-1.156.180,45 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
5.651.522,92 |
|
||
|
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) |
5.651.522,92 |
|
||
|
I. Total recognized income and expenses |
-395.642,18 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
855.722,61 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
6.111.603,35 |
|
||
CASH FLOW STATUS
Figures given in €
|
|
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
761.206,14 |
1.303.544,26 |
1.603.296,96 |
|
2. Results adjustments |
186.547,54 |
109.530,13 |
271.019,17 |
|
a) Amortization of fixed assets (+) |
182.775,86 |
152.921,03 |
85.736,35 |
|
b) Value correction for deterioration (+/-) |
-559,38 |
29.065,79 |
88.000,00 |
|
d) Grants allocation (-) |
-14.549,53 |
-12.943,65 |
|
|
e) Results for decline and disposal of fixed assets (+/-) |
-508,47 |
8.313,77 |
|
|
f) Results for decline and disposal of financial instruments (+/-) |
|
-11,09 |
2.280,62 |
|
g) Financial income (-) |
-115.583,44 |
-236.150,37 |
-82.896,59 |
|
f) Financial expenses (+) |
105.933,47 |
44.293,44 |
125.610,38 |
|
i) Change difference (+/-) |
29.675,03 |
135.607,48 |
52.288,41 |
|
j) Reasonable value variation on financial instruments (+/-) |
|
-11.548,58 |
|
|
k) Other income and expenses (-/+) |
-636,00 |
-17,69 |
|
|
3. Changes in current capital |
-1.192.084,17 |
-1.043.494,36 |
-3.091.427,39 |
|
a) Stocks (+/-) |
-945.574,76 |
-642.895,52 |
1.758.790,44 |
|
b) Debtors and other receivable accounts (+/-) |
70.400,42 |
-2.375.064,49 |
-913.455,82 |
|
d) Creditors and other payable accounts (+/-) |
-87.910,03 |
1.975.018,35 |
-3.936.762,04 |
|
e) Other current liabilities (+/-) |
-228.999,80 |
-552,70 |
|
|
f) Other non-current assets and liabilities (+/-) |
|
|
0,03 |
|
4. Other cash flow coming from operating activities |
-32.537,83 |
-147.147,40 |
-348.612,66 |
|
a) Interests payments (-) |
-70.123,61 |
-35.880,84 |
|
|
b) Dividends collections (+) |
48,52 |
140.052,11 |
|
|
c) Interests collections (+) |
84.517,23 |
4.398,27 |
49.694,08 |
|
d) Collections (payments) for profit tax (+/-) |
-46.979,97 |
-255.716,94 |
-398.387,12 |
|
e) Other payments (collections) (-/+) |
|
|
80,38 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
-276.868,32 |
222.432,63 |
-1.565.723,92 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-2.092.194,07 |
-3.346.723,81 |
-1.664.849,44 |
|
a) Group and associated companies |
-572.266,09 |
-2.706.817,97 |
-930.177,86 |
|
b) Intangible assets |
-364.737,42 |
-196.089,11 |
-162.593,39 |
|
c) Tangible assets |
-1.157.543,56 |
-188.719,66 |
-372.807,19 |
|
e) Other financial assets |
38.074,44 |
-33.503,36 |
-199.261,00 |
|
h) Other assets |
-35.721,44 |
-221.593,71 |
-10,00 |
|
7. Disinvestment collections (+) |
1.222.803,64 |
1.207.013,84 |
1.720.348,79 |
|
a) Group and associated companies |
919.741,45 |
973.181,41 |
1.179.146,28 |
|
c) Tangible assets |
10.050,00 |
|
|
|
e) Other financial assets |
-41.360,30 |
33.503,36 |
|
|
h) Other assets |
334.372,49 |
200.329,07 |
541.202,51 |
|
8. Cash Flow in investment activities (6 + 7) |
-869.390,43 |
-2.139.709,97 |
55.499,35 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
12.934,00 |
12.943,65 |
|
|
e) Received legacies, grants and subventions (+) |
12.934,00 |
12.943,65 |
|
|
10. Financial liabilities instruments collections and payments |
828.049,64 |
507.453,82 |
-2.740.050,48 |
|
a) Issue |
3.593.669,59 |
1.613.736,74 |
2.315.370,04 |
|
2. Debts with bank entities (+) |
3.593.669,59 |
1.513.736,74 |
2.315.370,04 |
|
3. Debts with group and associated companies (+) |
|
100.000,00 |
|
|
b) Return and amortization of |
-2.765.619,95 |
-1.106.282,92 |
-5.055.420,52 |
|
2. Debts with bank entities (-) |
-2.765.619,95 |
-685.042,88 |
-4.889.395,27 |
|
3. Debts with group and associated companies (-) |
|
-421.240,04 |
-166.025,25 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
-150.000,00 |
-600.000,00 |
|
|
a) Dividends (-) |
-150.000,00 |
-600.000,00 |
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
690.983,64 |
-79.602,53 |
-2.740.050,48 |
|
D) Exchange rate variations effect |
298.280,17 |
68.695,63 |
-176.526,96 |
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-156.994,94 |
-1.928.184,24 |
-4.426.802,01 |
|
Cash or equivalents at the beginning of the exercise |
708.887,03 |
2.637.071,27 |
7.099.873,28 |
|
Cash or equivalents at the end of the exercise |
551.892,09 |
708.887,03 |
2.637.071,27 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
-167.534,05 |
-121,31 |
786.126,34 |
-65,24 |
2.261.691,89 |
|
Working capital ratio |
-0,01 |
-116,67 |
0,06 |
-76,00 |
0,25 |
|
Soundness Ratio |
0,87 |
-11,22 |
0,98 |
-17,65 |
1,19 |
|
Average Collection Period (days) |
33 |
-9,90 |
36 |
146,34 |
15 |
|
Average Payment Period (days) |
38 |
-2,75 |
39 |
118,00 |
18 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
97,70 |
-14,24 |
113,92 |
-40,06 |
190,06 |
|
Quick Ratio (%) |
11,16 |
-51,92 |
23,21 |
-77,90 |
105,01 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
19,56 |
20,67 |
16,21 |
4,65 |
15,49 |
|
External Financing Average Cost |
0,04 |
100,00 |
0,02 |
-77,78 |
0,09 |
|
Debt Service Coverage |
-9,98 |
-212,13 |
8,90 |
1.078,02 |
-0,91 |
|
Interest Coverage |
7,38 |
-73,55 |
27,90 |
95,93 |
14,24 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-0,54 |
-205,88 |
0,51 |
116,89 |
-3,02 |
|
Auto financing generated by Assets (%) |
-1,96 |
-207,69 |
1,82 |
110,66 |
-17,07 |
|
Breakdown Point |
1,02 |
-1,94 |
1,03 |
-0,96 |
1,04 |
|
Average Sales Volume per Employee |
2.153.405,40 |
-43,20 |
3.791.207,08 |
-33,35 |
5.688.526,04 |
|
Average Cost per Employee |
37.140,47 |
-24,14 |
48.960,84 |
5,01 |
46.625,56 |
|
Assets Turnover |
3,62 |
1,12 |
3,58 |
-36,75 |
5,66 |
|
Inventory Turnover (days) |
12 |
113,33 |
5 |
|
|
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
5,53 |
-45,30 |
10,11 |
-48,15 |
19,50 |
|
Operating Profitability (%) |
6,83 |
-39,56 |
11,30 |
-44,69 |
20,43 |
|
Return on Equity (ROE) (%) |
12,46 |
-45,99 |
23,06 |
-24,56 |
30,58 |
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 |
49,74 |
34,76 |
14,98 |
|
A) CURRENT ASSETS |
50,26 |
65,24 |
-14,98 |
|
LIABILITIES |
|||
|
A) NET WORTH |
43,25 |
41,58 |
1,68 |
|
B) NON CURRENT LIABILITIES |
5,30 |
12,74 |
-7,44 |
|
C) CURRENT LIABILITIES |
51,44 |
45,68 |
5,76 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,19 |
99,11 |
0,08 |
|
Other operating income |
0,81 |
0,89 |
-0,08 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-93,97 |
-85,29 |
-8,68 |
|
Variation in stocks of finished goods and work in progress |
|
-0,40 |
|
|
GROSS MARGIN |
6,03 |
14,30 |
-8,27 |
|
Other operating costs |
-2,45 |
-7,82 |
5,37 |
|
Labour cost |
-1,71 |
-6,47 |
4,76 |
|
GROSS OPERATING RESULT |
1,87 |
0,01 |
1,86 |
|
Amortization of fixed assets |
-0,35 |
-1,26 |
0,91 |
|
Deterioration and result for fixed assets disposal |
0,00 |
0,61 |
-0,61 |
|
Other expenses / income |
|
0,08 |
|
|
NET OPERATING RESULT |
1,51 |
-0,56 |
2,07 |
|
Financial result |
-0,04 |
-0,48 |
0,44 |
|
RESULT BEFORE TAX |
1,47 |
-1,03 |
2,50 |
|
Taxes on profits |
-0,29 |
0,33 |
-0,62 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,19 |
-0,70 |
1,89 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,19 |
-0,70 |
1,89 |
|
Amortization of fixed assets |
-0,35 |
-1,26 |
0,91 |
|
Deterioration and provisions variation |
-0,35 |
0,42 |
-0,77 |
|
|
1,90 |
0,14 |
1,76 |
Main Ratios
Figures given in €
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-167.534,05 |
949.531,59 |
8.891.831,66 |
30.708.129,75 |
|
Working capital ratio |
-0,01 |
0,05 |
0,25 |
0,36 |
|
Soundness Ratio |
0,87 |
0,74 |
1,66 |
3,24 |
|
Average Collection Period (days) |
33 |
85 |
108 |
123 |
|
Average Payment Period (days) |
38 |
56 |
111 |
136 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
97,70 |
109,23 |
143,71 |
195,15 |
|
Quick Ratio (%) |
11,16 |
2,08 |
4,33 |
25,12 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
19,56 |
16,00 |
36,34 |
52,37 |
|
External Financing Average Cost |
0,04 |
0,03 |
0,05 |
0,06 |
|
Debt Service Coverage |
-9,98 |
-2,90 |
3,75 |
22,33 |
|
Interest Coverage |
7,38 |
-3,49 |
0,37 |
2,18 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-0,54 |
-2,24 |
1,69 |
2,82 |
|
Auto financing generated by Assets (%) |
-1,96 |
-2,36 |
1,48 |
5,92 |
|
Breakdown Point |
1,02 |
0,96 |
1,00 |
1,03 |
|
Average Sales Volume per Employee |
2.153.405,40 |
451.082,92 |
655.616,52 |
1.333.926,84 |
|
Average Cost per Employee |
37.140,47 |
32.204,81 |
39.919,67 |
44.416,34 |
|
Assets Turnover |
3,62 |
0,82 |
1,12 |
1,75 |
|
Inventory Turnover (days) |
12 |
44 |
59 |
103 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
5,53 |
-3,98 |
0,59 |
5,48 |
|
Operating Profitability (%) |
6,83 |
-2,42 |
3,07 |
8,21 |
|
Return on Equity (ROE) (%) |
12,46 |
-12,10 |
-0,62 |
7,27 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
|
|
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.