MIRA
INFORM REPORT
|
Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
MESPACK SL |
|
|
|
|
Registered Office : |
Calle Mar Adriatic (Pg Ind Torre Rector), 18 08130 Santa Perpetua De Mogoda Barcelona |
|
|
|
|
Country : |
Spain |
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|
|
|
Financials (as on) : |
31.12.2010 |
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|
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|
Date of Incorporation : |
15.12.1994 |
|
|
|
|
Legal Form : |
Limited Liability Company |
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|
|
Line of Business : |
Manufacture of other general-purpose machinery |
|
|
|
|
No. of Employees : |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 |
|
Off-credit |
D |
Company name
MESPACK SL
CIF/NIF: B60718749
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: MESPACK SL
Other names: YES
Current Address: CALLE MAR ADRIATIC (PG IND TORRE
RECTOR), 18
08130 SANTA PERPETUA DE
MOGODA BARCELONA
Branches: 1
Telephone number: 902180520 Fax: 902180786
URL: www.mespack.com
Corporate e-mail: info@mespack.com
Trade Risk
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Latest sales known (2012): 39.900,00
thousands (Forecast)
Balance sheet latest sales (2010): 33.424.000,00 (Mercantile Register)
Result: 6.915.000
Total Assets: 28.388.000
Share capital: 502.000,00
Employees: 130
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 15/12/1994
Activity: Mfg. of machinery nec.
NACE 2009 CODE: 2829
International Operations: Exports
Corporate Structure
Administrator:
EMIG ENRIC
MARTI INVESTMENTS GROUP SL
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2010
Latest act published in BORME: 22/06/2011 Annual Filed Accounts
Latest press article: No press articles registered for this
company
Bank Entities: There are
The date when this report was last updated is 13/08/2012.
The information contained in this report has been investigated and
contrasted on 20/07/2012
TRADE
RISK
Financial situation
|
Exercise:2010 |
Evolution |
|||
|
Treasury |
Excellent |
|
|
|
|
Indebtedness |
Slight |
|
|
|
|
Profitability |
Excellent |
|
|
|
|
Balance |
Excellent |
|
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Excellent |
Rating Informa Explanation
Financial situation
The companys financial situation is very
good.
The companys financial situation evolution has
been positive.
The sales evolution and results has
been positive.
The auditors opinion about the latest accounts has
been favourable with reservations.
Company Structure
The companys capitalization degree determines that
its structure is sound.
The companys size is medium depending
on its sales volume.
The employees evolution has been positive.
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 has had delays in the Accounts Filing
in the Mercantile Register.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
29/03/2012 |
Increase |
18 |
New financial statements have been uploaded. |
|
02/12/2011 |
Reduction |
16 |
New information has been loaded on our systems. |
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
10/08/2012 09:08:37
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 thousands
|
|
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
A) NON CURRENT ASSETS |
441,00 |
1,55 |
384,00 |
1,71 |
|
B) CURRENT ASSETS |
27.947,00 |
98,45 |
22.081,00 |
98,29 |
|
LIABILITIES |
|
|
|
|
|
A) NET WORTH |
14.852,00 |
52,32 |
9.138,00 |
40,68 |
|
B) NON CURRENT LIABILITIES |
323,00 |
1,14 |
308,00 |
1,37 |
|
C) CURRENT LIABILITIES |
13.213,00 |
46,54 |
13.019,00 |
57,95 |
Profit and loss account analysis
Figures given in thousands
|
|
2012 FORECAST |
2011 ESTIMATED |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
39.900,00 |
38.000,00 |
33.424,00 |
|
28.186,00 |
|
|
GROSS MARGIN |
|
|
19.428,00 |
58,13 |
16.227,00 |
57,57 |
|
EBITDA |
|
|
10.009,00 |
29,95 |
7.694,00 |
27,30 |
|
EBIT |
|
|
9.433,00 |
28,22 |
7.010,00 |
24,87 |
|
NET RESULT |
|
|
6.915,00 |
20,69 |
5.035,00 |
17,86 |
|
EFFECTIVE TAX RATE (%) |
|
|
29,15 |
0,09 |
28,34 |
0,10 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
1,55 |
27,86 |
-26,31 |
|
|
|
|
|
A) CURRENT ASSETS |
98,45 |
72,14 |
26,31 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
52,32 |
44,23 |
8,09 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
1,14 |
16,81 |
-15,67 |
|
|
|
|
|
C) CURRENT LIABILITIES |
46,54 |
38,96 |
7,58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
99,13 |
98,02 |
1,12 |
|
|
|
|
|
GROSS MARGIN |
57,62 |
40,67 |
16,95 |
|
|
|
|
|
EBITDA |
29,69 |
8,87 |
20,82 |
|
|
|
|
|
EBIT |
27,98 |
5,24 |
22,73 |
|
|
|
|
|
NET RESULT |
20,51 |
3,41 |
17,10 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 2829
Number of companies: 17
Size (sales figure): 7,000,000.00 - 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 |
6.915.000,00 |
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 |
6.915.000,00 |
|
Total of Amounts to be distributed |
6.915.000,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
6.915.000,00 |
Auditing
Source: filing of annual financial statement 2010
Auditors opinion: FAVOURABLE WITH RESERVATIONS
Auditor: ACR AUDITECNIA S.L.
Auditing exceptions:
Las cuentas anuales adjuntas no incluyen en la memoria las operaciones
con partes vinculadas ni la retribuciσn de los administradores durante el ejercicio
2010
Auditing fees: 11.403,00
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 MAR ADRIATIC (PG IND TORRE RECTOR), 18
08130 SANTA PERPETUA DE MOGODA BARCELONA
Previous Seat Address:
CALLE ARGENTERS (PG IND SANTIGA) 10
08130 SANTA
PERPETUA DE MOGODA BARCELONA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA EL PLA, S/N |
08185 |
LLIΗA DE VALL |
Barcelona |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 2 members (latest change:
25/06/2004) Other Positions : 1 (latest change: 23/04/2001) Auditor : 1 (latest change: 08/06/2011) Operative Board Members : 2 (latest change: 20/07/2012) Non-current positions : 18 (latest change: 31/07/2007) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
ADMINISTRATOR |
EMIG ENRIC MARTI INVESTMENTS GROUP SL |
25/06/2004 |
|
ADMINISTRATOR |
GEINFISAR 99 SL |
25/06/2004 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
ACR AUDITECNIA SL |
08/06/2011 |
|
POSITION |
NAME AND SURNAME |
|
Financial Manager |
BANDERA BRAVO, JAVIER |
|
Commercial Director |
ZIJP REINOUT, VAN |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
EMIG ENRIC MARTI INVESTMENTS GROUP SL |
B62796024 |
46,00 |
OWN SOURCES |
20/07/2012 |
|
|
GEINFISAR 99 SL |
B62029228 |
46,00 |
OWN SOURCES |
20/07/2012 |
|
|
ZIJP REINOUT VAN |
|
5,00 |
OWN SOURCES |
20/07/2012 |
|
|
MORA FRANCISCO |
|
3,00 |
OWN SOURCES |
20/07/2012 |
BUSINESS INFORMATION
Incorporation date: 15/12/1994
Founders Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Code: 1329900
Activity: Mfg. of machinery nec.
NACE 2009 CODE: 2829
NACE 2009 Activity: Manufacture of other general-purpose
machinery n.e.c.
Business: SE AMPLIA. DISENO, FABRICACION, INSTALACION,
REPARACION Y MANTENIMIENTO DE MAQUINARIA PARA EL ENVASADO DE PRODUCTOS Y SUS
COMPLEMENTOS, Y DE APARATOS E INSTALACIONES DE AGUA, GAS Y ELECTRICIDAD EN
GENERAL, ETC.
Activity description: COMERCIO AL MAYOR DE MAQUINARIA DE ENVASE Y
EMBALAJE
Latest employees figure: 130 (2012)
% of fixed employees: 100,00%
% of men: 90,72%
% of women: 9,28%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
88 |
9 |
PURCHASES
National Distribution: 100%
SALES
Export Percentage: 98%
Exports to: Polonia, Singapur y Alemania
National Distribution: 2%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
GEINFISAR SL |
NO |
|
EMIG SL |
NO |
El 100% de su cifra de negocio corresponde a
maquinaria para el envasado de productos.
Professional and advertising services
Source: Annual financial report 2010
Professional services expenses: 1.907.000,00
Advertising services expenses: 415.000,00
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
5118 |
C TARRAGONA 000018 |
RIPOLLET |
Barcelona |
Brand name: MESPACK PACKAGING MACHINERY (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 30/03/2005
Brand name: MESPACK (Valid)
Type: JOINT Scope: NATIONAL Date: 05/01/2001
Brand name: M.H.S. MESPACK, S.L (Valid)
Type: JOINT Scope: NATIONAL Date: 02/02/1996
LEGAL STRUCTURE
Constitution Data
Register Date: 15/12/1994
Register town: Barcelona
Announcement number: 45574
Share capital: 7.212,15
Legal form: Limited Liability Company
Share capital: 502.000,00
Obligation to fill in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)
Acts on activity: 1 (Last: 23/12/1996)
Acts on administrators: 26 (Last: 20/06/2011, first:
14/02/1995)
Acts on capital: 3 (Last: 20/06/2002, first:
23/12/1998)
Acts on creation: 1 (Last: 14/02/1995)
Acts on filed accounts: 16 (Last: 22/06/2011, first:
02/10/1996)
Acts on identification: 2 (Last: 24/10/2005, first:
31/01/2003)
Acts on Information: 3 (Last: 17/04/2002, first:
23/12/1996)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2009) |
22/06/2011 |
180851 |
Barcelona |
|
Appointments |
20/06/2011 |
262141 |
Barcelona |
|
Annual Filed Accounts (2008) |
19/04/2010 |
164121 |
Barcelona |
|
Appointments |
26/03/2010 |
124371 |
Barcelona |
|
Appointments |
01/06/2009 |
247491 |
Barcelona |
|
Annual Filed Accounts (2007) |
17/04/2009 |
117098 |
Barcelona |
|
Appointments |
03/11/2008 |
501492 |
Barcelona |
|
Annual Filed Accounts (2006) |
04/02/2008 |
55376 |
Barcelona |
|
Resignations |
31/07/2007 |
400538 |
Barcelona |
|
Annual Filed Accounts (2005) |
26/07/2007 |
236368 |
Barcelona |
Complementary Information
Financial Information
The stock closed
on 31/12/2008 (Deposit 2008 and
2009) is available at INFORMS,
but has not been charged in their accounts to present the following anomaly: The game Short-term provisions is improperly presented with negative
amount.
The stock closed on 31/12/2009
(Deposit 2009) is available at
INFORMS, but there is data in the new financial statements presented incorrectly.
FINANCIAL INFORMATION
The information on the last
Individual Filed Accounts contained in this report is extracted from the
Mercantile Register file of the legal address of the Company and
dated 29/03/2012.
SITUATION BALANCE-SHEET
Assets
Figures given in thousands
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
441,00 |
1,55 |
384,00 |
1,71 |
|
I. Intangible assets |
44,00 |
0,15 |
26,00 |
0,12 |
|
3. Patents, licences , trademarks and similars |
21,00 |
0,07 |
8,00 |
0,04 |
|
5. Software |
23,00 |
0,08 |
18,00 |
0,08 |
|
II. Tangible fixed assets |
392,00 |
1,38 |
356,00 |
1,58 |
|
2. Technical fittings and other tangible assets |
392,00 |
1,38 |
356,00 |
1,58 |
|
III. Real-estate investments |
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
V. Long Term Financial Investments |
5,00 |
0,02 |
2,00 |
0,01 |
|
5. Other financial assets |
5,00 |
0,02 |
2,00 |
0,01 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
B) CURRENT ASSETS |
27.947,00 |
98,45 |
22.081,00 |
98,29 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
II. Stocks |
4.619,00 |
16,27 |
3.906,00 |
17,39 |
|
2. Raw material inventory |
2.126,00 |
7,49 |
1.956,00 |
8,71 |
|
3. Work in Progress |
2.263,00 |
7,97 |
1.840,00 |
8,19 |
|
b) Short production cycle |
2.263,00 |
7,97 |
1.840,00 |
8,19 |
|
5. Sub products and recycled materials |
187,00 |
0,66 |
86,00 |
0,38 |
|
6. Pre-payments to suppliers |
43,00 |
0,15 |
24,00 |
0,11 |
|
III. Trade Debtors and other receivable accounts |
4.614,00 |
16,25 |
8.339,00 |
37,12 |
|
1. Clients |
4.124,00 |
14,53 |
6.874,00 |
30,60 |
|
b) Clients for sales and short term services
rendering |
4.124,00 |
14,53 |
6.874,00 |
30,60 |
|
3. Other debts |
12,00 |
0,04 |
|
|
|
6. Other credits with the Public Administrations |
478,00 |
1,68 |
1.465,00 |
6,52 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
V. Short term financial investments |
11.551,00 |
40,69 |
4.402,00 |
19,59 |
|
1. Net worth instruments |
11.551,00 |
40,69 |
4.401,00 |
19,59 |
|
5. Other financial assets |
|
|
1,00 |
0,00 |
|
VI. Short term periodifications |
23,00 |
0,08 |
22,00 |
0,10 |
|
VII. Cash and equivalents |
7.140,00 |
25,15 |
5.412,00 |
24,09 |
|
1. Treasury |
7.140,00 |
25,15 |
5.412,00 |
24,09 |
|
TOTAL ASSETS (A + B) |
28.388,00 |
100,00 |
22.465,00 |
100,00 |
Net Worth and Liabilities
Figures given in thousands
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NET WORTH |
14.852,00 |
52,32 |
9.138,00 |
40,68 |
|
A-1) Equity |
14.852,00 |
52,32 |
9.138,00 |
40,68 |
|
I. Capital |
502,00 |
1,77 |
502,00 |
2,23 |
|
1. Authorized capital |
502,00 |
1,77 |
502,00 |
2,23 |
|
II. Issue premium |
59,00 |
0,21 |
59,00 |
0,26 |
|
III. Reserves |
7.376,00 |
25,98 |
3.542,00 |
15,77 |
|
1. Legal and statutory |
158,00 |
0,56 |
158,00 |
0,70 |
|
2. Other funds |
7.218,00 |
25,43 |
3.384,00 |
15,06 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
VII. Exercise Result |
6.915,00 |
24,36 |
5.035,00 |
22,41 |
|
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 |
323,00 |
1,14 |
308,00 |
1,37 |
|
I. Long term provisions |
230,00 |
0,81 |
248,00 |
1,10 |
|
4. Other provisions |
230,00 |
0,81 |
248,00 |
1,10 |
|
II. Long term debts |
|
|
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
IV. Liabilities by deferred taxes |
93,00 |
0,33 |
60,00 |
0,27 |
|
V. Long term periodifications |
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
C) CURRENT LIABILITIES |
13.213,00 |
46,54 |
13.019,00 |
57,95 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
III. Short term debts |
1.216,00 |
4,28 |
1.211,00 |
5,39 |
|
2. Debts with bank entities |
1.216,00 |
4,28 |
1.211,00 |
5,39 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
V. Trade creditors and other payable accounts |
11.997,00 |
42,26 |
11.808,00 |
52,56 |
|
1. Suppliers |
4.670,00 |
16,45 |
4.344,00 |
19,34 |
|
a) Long term suppliers |
|
|
4.344,00 |
19,34 |
|
b) Short term suppliers |
4.670,00 |
16,45 |
|
|
|
3. Different creditors |
840,00 |
2,96 |
792,00 |
3,53 |
|
4. Staff (pending remunerations) |
129,00 |
0,45 |
117,00 |
0,52 |
|
5. Liabilities by current taxes |
1.144,00 |
4,03 |
977,00 |
4,35 |
|
6. Other debts with Public Administrations |
317,00 |
1,12 |
270,00 |
1,20 |
|
7. Clients pre-payments |
4.897,00 |
17,25 |
5.308,00 |
23,63 |
|
VI. Short term periodifications |
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
28.388,00 |
100,00 |
22.465,00 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in thousands
|
|
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
1. Net Turnover |
33.424,00 |
99,13 |
28.186,00 |
99,92 |
|
A) Sales |
32.558,00 |
96,57 |
27.695,00 |
98,18 |
|
b) Services provided |
866,00 |
2,57 |
491,00 |
1,74 |
|
2. Variation in stocks of finished goods and work in progress |
424,00 |
1,26 |
182,00 |
0,65 |
|
3. Works for its own assets |
|
|
|
|
|
4. Supplies |
-14.712,00 |
-43,64 |
-12.163,00 |
-43,12 |
|
b) Raw materials consumed |
-14.258,00 |
-42,29 |
-11.729,00 |
-41,58 |
|
c) Works carried out for other companies |
-277,00 |
-0,82 |
-217,00 |
-0,77 |
|
d) Deterioration on merchandises, raw materials and other supplies |
-177,00 |
-0,52 |
-217,00 |
-0,77 |
|
5. Other operating income |
292,00 |
0,87 |
22,00 |
0,08 |
|
a) Other incomes |
292,00 |
0,87 |
22,00 |
0,08 |
|
6. Labour cost |
-5.402,00 |
-16,02 |
-4.648,00 |
-16,48 |
|
a) Wages and similar expenses |
-4.348,00 |
-12,90 |
-3.708,00 |
-13,15 |
|
b) Social costs |
-1.054,00 |
-3,13 |
-940,00 |
-3,33 |
|
7. Other operating costs |
-4.285,00 |
-12,71 |
-4.217,00 |
-14,95 |
|
a) External services |
-4.246,00 |
-12,59 |
-4.186,00 |
-14,84 |
|
b) Taxes |
-17,00 |
-0,05 |
-6,00 |
-0,02 |
|
c) Losses, deterioration and variation on business operations
provisions |
-22,00 |
-0,07 |
-25,00 |
-0,09 |
|
8. Amortization of fixed assets |
-377,00 |
-1,12 |
-442,00 |
-1,57 |
|
9. Allocation of subventions on non financial investments and other |
69,00 |
0,20 |
90,00 |
0,32 |
|
10. Provisions excess |
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
13. Other results |
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
9.433,00 |
27,98 |
7.010,00 |
24,85 |
|
14. Financial income |
388,00 |
1,15 |
117,00 |
0,41 |
|
b) From negotiable values and other financial instruments |
388,00 |
1,15 |
117,00 |
0,41 |
|
b 2) From third parties |
388,00 |
1,15 |
117,00 |
0,41 |
|
15. Financial expenses |
-53,00 |
-0,16 |
-49,00 |
-0,17 |
|
b) For debts with third parties |
-53,00 |
-0,16 |
-49,00 |
-0,17 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
17. Exchange differences |
-8,00 |
-0,02 |
-52,00 |
-0,18 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
327,00 |
0,97 |
16,00 |
0,06 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
9.760,00 |
28,95 |
7.026,00 |
24,91 |
|
20. Taxes on profits |
-2.845,00 |
-8,44 |
-1.991,00 |
-7,06 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
6.915,00 |
20,51 |
5.035,00 |
17,85 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
6.915,00 |
20,51 |
5.035,00 |
17,85 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
Figures given in thousands
|
NET WORTH CHANGES (1/3) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
6.915,00 |
5.035,00 |
|
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) |
6.915,00 |
5.035,00 |
Total net worth changes status
Figures given in thousands
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
502,00 |
59,00 |
2.802,00 |
2.539,00 |
|
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) |
502,00 |
59,00 |
2.802,00 |
2.539,00 |
|
I. Total recognized income and expenses |
|
|
|
5.035,00 |
|
II. Operations with partners or owners |
|
|
-1.799,00 |
|
|
4. (-) Dividends distribution |
|
|
-1.799,00 |
|
|
III. Other net worth variations |
|
|
2.539,00 |
-2.539,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
502,00 |
59,00 |
3.542,00 |
5.035,00 |
|
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) |
502,00 |
59,00 |
3.542,00 |
5.035,00 |
|
I. Total recognized income and expenses |
|
|
|
6.915,00 |
|
II. Operations with partners or owners |
|
|
-1.200,00 |
|
|
4. (-) Dividends distribution |
|
|
-1.200,00 |
|
|
III. Other net worth variations |
|
|
5.034,00 |
-5.035,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
502,00 |
59,00 |
7.376,00 |
6.915,00 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
5.902,00 |
|
||
|
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) |
5.902,00 |
|
||
|
I. Total recognized income and expenses |
5.035,00 |
|
||
|
II. Operations with partners or owners |
-1.799,00 |
|
||
|
4. (-) Dividends distribution |
-1.799,00 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
9.138,00 |
|
||
|
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) |
9.138,00 |
|
||
|
I. Total recognized income and expenses |
6.915,00 |
|
||
|
II. Operations with partners or owners |
-1.200,00 |
|
||
|
4. (-) Dividends distribution |
-1.200,00 |
|
||
|
III. Other net worth variations |
-1,00 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
14.852,00 |
|
||
CASH FLOW STATUS
Figures given in thousands
|
|
31/12/2010 (12) |
31/12/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
1. exercise result before taxes |
9.760,00 |
7.026,00 |
|
2. Results adjustments |
71,00 |
451,00 |
|
a) Amortization of fixed assets (+) |
377,00 |
422,00 |
|
b) Value correction for deterioration (+/-) |
22,00 |
25,00 |
|
g) Financial income (-) |
-388,00 |
-117,00 |
|
f) Financial expenses (+) |
52,00 |
49,00 |
|
i) Change difference (+/-) |
8,00 |
52,00 |
|
3. Changes in current capital |
2.984,00 |
-1.792,00 |
|
a) Stocks (+/-) |
-713,00 |
-74,00 |
|
b) Debtors and other receivable accounts (+/-) |
3.695,00 |
-5.260,00 |
|
c) Other current assets (+/-) |
-1,00 |
-5,00 |
|
d) Creditors and other payable accounts (+/-) |
21,00 |
3.953,00 |
|
e) Other current liabilities (+/-) |
|
5,00 |
|
f) Other non-current assets and liabilities (+/-) |
-18,00 |
-411,00 |
|
4. Other cash flow coming from operating activities |
-2.309,00 |
-1.863,00 |
|
a) Interests payments (-) |
-52,00 |
-49,00 |
|
c) Interests collections (+) |
388,00 |
117,00 |
|
d) Collections (payments) for profit tax (+/-) |
-2.645,00 |
-1.931,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
10.506,00 |
3.822,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
6. Investment payments (-) |
-11.983,00 |
-1.549,00 |
|
b) Intangible assets |
-275,00 |
-310,00 |
|
c) Tangible assets |
-156,00 |
-239,00 |
|
e) Other financial assets |
-11.552,00 |
-1.000,00 |
|
7. Disinvestment collections (+) |
4.400,00 |
9,00 |
|
e) Other financial assets |
4.400,00 |
9,00 |
|
8. Cash Flow in investment activities (6 + 7) |
-7.583,00 |
-1.540,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
9. Net worth instruments collections and payments |
|
|
|
10. Financial liabilities instruments collections and payments |
5,00 |
4,00 |
|
a) Issue |
5,00 |
4,00 |
|
2. Debts with bank entities (+) |
5,00 |
4,00 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
-1.200,00 |
-1.799,00 |
|
a) Dividends (-) |
-1.200,00 |
-1.799,00 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-1.195,00 |
-1.795,00 |
|
D) Exchange rate variations effect |
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
1.728,00 |
487,00 |
|
Cash or equivalents at the beginning of the exercise |
5.412,00 |
4.925,00 |
|
Cash or equivalents at the end of the exercise |
7.140,00 |
5.412,00 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||
|
Working Capital () |
14.734,00 |
62,59 |
9.062,00 |
|
Working capital ratio |
0,52 |
30,00 |
0,40 |
|
Soundness Ratio |
33,68 |
41,51 |
23,80 |
|
Average Collection Period (days) |
50 |
-53,38 |
107 |
|
Average Payment Period (days) |
228 |
-12,34 |
260 |
|
LIQUIDITY RATIOS |
|||
|
Current Ratio (%) |
211,51 |
24,70 |
169,61 |
|
Quick Ratio (%) |
141,46 |
87,66 |
75,38 |
|
DEBT RATIOS |
|||
|
Borrowing percentage (%) |
4,28 |
-20,59 |
5,39 |
|
External Financing Average Cost |
0,04 |
0,00 |
0,04 |
|
Debt Service Coverage |
0,12 |
-62,50 |
0,32 |
|
Interest Coverage |
177,98 |
24,41 |
143,06 |
|
GENERAL AND ACTIVITIES RATIOS |
|||
|
Auto financing generated by sales (%) |
31,43 |
131,78 |
13,56 |
|
Auto financing generated by Assets (%) |
37,01 |
117,58 |
17,01 |
|
Breakdown Point |
1,39 |
4,51 |
1,33 |
|
Average Sales Volume per Employee |
344,58 |
3,91 |
331,60 |
|
Average Cost per Employee |
55,69 |
1,85 |
54,68 |
|
Assets Turnover |
1,18 |
-5,60 |
1,26 |
|
Inventory Turnover (days) |
113 |
-2,18 |
116 |
|
RESULTS RATIOS |
|||
|
Return on Assets (ROA) (%) |
33,23 |
6,51 |
31,20 |
|
Operating Profitability (%) |
34,56 |
4,19 |
33,17 |
|
Return on Equity (ROE) (%) |
65,72 |
-14,53 |
76,89 |
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 |
1,55 |
27,86 |
-26,31 |
|
A) CURRENT ASSETS |
98,45 |
72,14 |
26,31 |
|
LIABILITIES |
|||
|
A) NET WORTH |
52,32 |
44,23 |
8,09 |
|
B) NON CURRENT LIABILITIES |
1,14 |
16,81 |
-15,67 |
|
C) CURRENT LIABILITIES |
46,54 |
38,96 |
7,58 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,13 |
98,02 |
1,11 |
|
Other operating income |
0,87 |
1,98 |
-1,11 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-43,64 |
-57,62 |
13,98 |
|
Variation in stocks of finished goods and work in progress |
1,26 |
-1,71 |
2,97 |
|
GROSS MARGIN |
57,62 |
40,67 |
16,95 |
|
Other operating costs |
-12,71 |
-12,60 |
-0,11 |
|
Labour cost |
-16,02 |
-20,24 |
4,22 |
|
GROSS OPERATING RESULT |
28,89 |
7,82 |
21,07 |
|
Amortization of fixed assets |
-1,12 |
-3,05 |
1,93 |
|
Deterioration and result for fixed assets disposal |
|
0,07 |
|
|
Other expenses / income |
|
0,40 |
|
|
NET OPERATING RESULT |
27,98 |
5,24 |
22,74 |
|
Financial result |
0,97 |
-1,07 |
2,04 |
|
RESULT BEFORE TAX |
28,95 |
4,18 |
24,78 |
|
Taxes on profits |
-8,44 |
-0,76 |
-7,68 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
20,51 |
3,41 |
17,10 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
20,51 |
3,41 |
17,10 |
|
Amortization of fixed assets |
-1,12 |
-3,05 |
1,93 |
|
Deterioration and provisions variation |
-1,71 |
-0,58 |
-1,13 |
|
|
23,34 |
7,04 |
16,30 |
Main Ratios
Figures given in thousands
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
14.734,00 |
1.642,48 |
2.357,21 |
5.631,14 |
|
Working capital ratio |
0,52 |
0,24 |
0,33 |
0,41 |
|
Soundness Ratio |
33,68 |
1,06 |
2,12 |
3,53 |
|
Average Collection Period (days) |
50 |
78 |
128 |
181 |
|
Average Payment Period (days) |
228 |
101 |
128 |
198 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
211,51 |
152,12 |
173,38 |
246,41 |
|
Quick Ratio (%) |
141,46 |
3,49 |
13,36 |
44,74 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
4,28 |
6,28 |
21,69 |
31,38 |
|
External Financing Average Cost |
0,04 |
0,02 |
0,04 |
0,08 |
|
Debt Service Coverage |
0,12 |
0,00 |
2,06 |
8,58 |
|
Interest Coverage |
177,98 |
1,20 |
8,84 |
24,20 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
31,43 |
2,91 |
6,68 |
10,22 |
|
Auto financing generated by Assets (%) |
37,01 |
3,32 |
7,14 |
11,26 |
|
Breakdown Point |
1,39 |
1,01 |
1,04 |
1,11 |
|
Average Sales Volume per Employee |
344,58 |
134,77 |
192,89 |
265,24 |
|
Average Cost per Employee |
55,69 |
33,60 |
37,26 |
44,92 |
|
Assets Turnover |
1,18 |
0,78 |
1,23 |
1,56 |
|
Inventory Turnover (days) |
113 |
41 |
114 |
169 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
33,23 |
2,44 |
4,46 |
11,80 |
|
Operating Profitability (%) |
34,56 |
4,13 |
8,72 |
13,73 |
|
Return on Equity (ROE) (%) |
65,72 |
1,38 |
9,92 |
19,45 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.64 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.