MIRA INFORM REPORT

 

 

Report Date :

20.08.2012

 

IDENTIFICATION DETAILS

 

Name :

EFICIENCIA Y TECNOLOGIA SA

 

 

Registered Office :

Calle Bellvei (Pg Ind Can Salvatella), 41 - 49 Nav 9, 08210 Barbera Del Valles  Barcelona

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

07.05.2004

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturer of machinery for food beverages & tobacco processing

 

 

No. of Employees :

35 (2012)

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

EFICIENCIA Y TECNOLOGIA SA

CIF/NIF: A63511224

Company situation: Active

 

Answer to the data in your request

The data of your request have been confirmed and are correct.

 

It has not been possible to contact the company as the subject is on holidays (13-19 August). Nevertheless, we contact with Bank Entity have been confirmed the data of the subject.

 

Concerning your request: - The last filed accounts of the subject presented in the Trade Register corresponds to the 2010 exercise. - AUDITOR: Joan Guilera Valls. - MANAGER: LUIS GABRIEL VILLEGAS BAUTISTA. - BANK: BANCO SABADELL OFFICCE 5154 (SABADELL-BARCELONA). - ADMINISTRATORS: ENBOLF SA, LAICAR CONSULTING SL, PRUIT INICIATIVES SL, COMERCIO E IMPORTACION DE MAQUINAS AUTOMATICAS SA.

 

 

EXECUTIVE SUMMARY

   

Identification

Current Business Name: EFICIENCIA Y TECNOLOGIA SA

Commercial name: EFFYTEC PACKAGING

Other names:  YES

Current Address:  CALLE BELLVEI (PG IND CAN SALVATELLA), 41 - 49 NAV 9

08210 BARBERA DEL VALLES BARCELONA 

Telephone number: 937185840 Fax: 937188221

URL:  www.effytec.com                 

Corporate e-mail:  info@effytec.com  

 

 

Trade Risk

 

Incidents:  NO

R.A.I.:  NO

Financial Information

 

Balance sheet latest sales (2010):  5.542.631,06 € (Mercantile Register)

Result: 76.999,94 €

Total Assets: 4.820.501,15 €

Share capital:  1.500.000,00 €

Employees:  35

Listed on a Stock Exchange: NO

 

Commercial Information

 

Incorporation date:  07/05/2004

Activity:  Mfg. of machinery for food beverages & tabacco proccessing

NACE 2009 CODE: 2893

International Operations:  Imports and Exports

 

Corporate Structure

 

President: 

 ENBOLF SA

 

Other Complementary Information

Latest filed accounts in the Mercantile Register: 2010

Latest act published in BORME:  01/06/2012 Payment of capital call

Latest press article: No press articles registered for this company .

Bank Entities:  There are

 

The date when this report was last updated is 17/08/2012.

The information contained in this report has been investigated and contrasted on 17/08/2012

 

Financial situation

 

Exercise:2010

 

Evolution            

 

Treasury

 

 

Good

 

 

Indebtedness

 

 

Slight

 

 

Profitability

 

 

Average

 

 

Balance

 

 

Very good

 

 

 

Performance

Incidents

 

 

None or Negligible

Business Trajectory

 

 

Superior

 

Rating Explanation

 

Financial situation

•          The company’s financial situation is normal.

•          The company’s financial situation evolution has been positive.

•          The sales evolution and results has been positive.

Company Structure

•          The company’s capitalization degree determines that its structure is normal.

•          The company’s size is  small 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 files regularly its accounts.

 

Reasons of the last outstanding calculation in the note

DATE

CHANGE

RESULTING NOTE

EVENT

07/10/2011

  Increase

15

•          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.

 

Summary

COMPANY NOT INCLUDED IN 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.)

DATE AND TIME OF THE CONSULTATION

10/08/2012 09:08:57

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

 

Balance-sheet analysis

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

1.692.261,78

35,11

1.396.901,96

37,32

1.241.112,44

30,18

B) CURRENT ASSETS

3.128.239,37

64,89

2.345.676,58

62,68

2.871.383,71

69,82

LIABILITIES

 

 

 

 

 

 

A) NET WORTH

1.955.586,45

40,57

1.858.287,50

49,65

1.126.370,10

27,39

B) NON CURRENT LIABILITIES

100.000,00

2,07

3.000,00

0,08

42.000,08

1,02

C) CURRENT LIABILITIES

2.764.914,70

57,36

1.881.291,04

50,27

2.944.125,97

71,59

 

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

5.542.631,06

 

5.085.590,24

 

5.445.118,11

 

GROSS MARGIN

3.165.288,18

57,11

2.463.341,85

48,44

3.394.897,25

62,35

EBITDA

356.781,71

6,44

261.076,57

5,13

514.592,90

9,45

EBIT

113.492,89

2,05

-8.135,06

-0,16

212.458,10

3,90

NET RESULT

76.999,94

1,39

66.671,25

1,31

139.038,90

2,55

EFFECTIVE TAX RATE (%)

13,00

0,00

13,00

0,00

7,12

0,00

 

 

COMPARATIVE SECTOR ANALYSIS

 

Values table

Figures expressed in %

 

COMPANY

(2010)

 

SECTOR

DIFFERENCE

BALANCE SHEET ANALYSIS: % on the total assets

 

 

 

ASSETS

A) NON CURRENT ASSETS

35,11

33,09

2,02

A) CURRENT ASSETS

64,89

66,91

-2,02

LIABILITIES

A) NET WORTH

40,57

40,76

-0,19

B) NON CURRENT LIABILITIES

2,07

14,09

-12,01

C) CURRENT LIABILITIES

57,36

45,16

12,20

 

 

 

 

 

COMPANY

(2010)

 

SECTOR

DIFFERENCE

PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income

 

 

 

SALES

94,00

98,11

-4,11

GROSS MARGIN

53,68

49,47

4,21

EBITDA

6,05

7,28

-1,23

EBIT

1,92

4,34

-2,41

NET RESULT

1,31

2,64

-1,33

 Sector Composition

Compared sector (NACE 2009): 2893

Number of companies: 31

Size (sales figure): 2,800,000.00 - 7,000,000.00 Euros

 

OTHER DATA FROM THE ANNUAL FINANCIAL REPORT

 

Results Distribution

Source: annual financial report 2009

Figures given in €

DISTRIBUTION BASE

APPLICATION A

Profit and Loss Account Balance

66.671,25

Legal Reserve

6.667,13

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

60.004,12

Total of Amounts to be distributed

66.671,25

Dividends

0,00

 

 

Carry over and others

0,00

 

 

Compensation of previous exercises losses

0,00

 

 

Application total

66.671,25

 

company ADDRESSES

 

Business address

Current Legal Seat Address:

CALLE BELLVEI (PG IND CAN SALVATELLA), 41 - 49 NAV 9

08210 BARBERA DEL VALLES  BARCELONA

 

Characteristics of the current address

Type of establishment: store

Owners: rented

Local Situation: secondary

 

 

CORPORATE STRUCTURE

 

ADMINISTRATIVE LINKS

 

Summary

 

 

 

 

Distribution of the administration board

 

Governing body : 9 members (latest change: 05/07/2010)

Other Positions : 2 (latest change: 02/08/2011)

Auditor : 1 (latest change: 02/08/2011)

Operative Board Members : 4 (latest change: 06/03/2009)

Non-current positions : 5 (latest change: 05/07/2010)

 

 

  Men (11%)

  Companies (89%)

 

 

Main Board members, Directors and Auditor

Governing body

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

PRESIDENT

ENBOLF SA

12/05/2009

MANAGING DIRECTOR

LAICAR CONSULTING SL

12/05/2009

MANAGING DIRECTOR

PRUIT INICIATIVES SL

05/07/2010

MEMBER OF THE BOARD

COMERCIO E IMPORTACION DE MAQUINAS AUTOMATICAS SA

12/05/2009

SECRETARY

BONIQUET PENA, CARLOS

15/07/2004

 

 

 

 

Other Positions

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

OTHER

FONDEVILA ROCA, EDUARDO

02/08/2011

 

 

 

 

Auditor

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

AUDITOR

GUILERA VALLS, JORDI

02/08/2011

There are 12 board members, directors and auditors registered .

Board members remuneration

       Source: Annual financial report 2009

        Board members remuneration: 290.000,00 €

 

Functional Managers

POSITION

NAME AND SURNAME

Manager

VILLEGAS BAUTISTA, LUIS GABRIEL

Financial Manager

ROYO COMELLAS, ELISENDA

Human Resources Director

ROYO COMELLAS, ELISENDA

Commercial Director

VILLEGAS BAUTISTA, LUIS

POTENTIAL LINKS

 

Name Search in the Internet

Search Criterion: ”EFICIENCIA Y TECNOLOGIA SA”

URL: www.effytec.com

EFFYTEC  Eficiencia y Tecnologνa, S.A. • Pol. Industrial Can Salvatella • C/ Bellveν, 41-49 • 08210 Barberΰ del Vallθs (Barcelona) Spain Telf. +34 93 718 58 40 • Fax +34 93 ...

URL: www.interpack.com         

interpack 2011 - Effytec (Eficiencia y Tecnologia, S.A.) (Barbera del ...  Effytec (Eficiencia y Tecnologia, S.A.) Bellvei 41-49, N. 9, P.I. Can Salvatella 08210 Barbera del Valles, Spain Phone: +34 93 7185840. Fax: +34 93 7188221 ...

URL: www.amec.es

5 - amec, asociaciσn multisectorial de empresas  EFICIENCIA Y TECNOLOGIA, S.A. - (EFFYTEC, S.A.) C/BELLVEI 41-49 P.I.CAN SALVATELLA. BARBERA DEL VALLES. BARCELONA. C.Postal: 08210 ...

 

BUSINESS INFORMATION

  

Constitution

Incorporation date: 07/05/2004

 

Activity

Activity: Mfg. of machinery for food beverages & tabacco proccessing

NACE 2009 CODE: 2893

NACE 2009 Activity: Manufacture of machinery for food, beverage and tobacco processing

Business: EL DISENO, FABRICACION Y COMERCIALIZACION DE MAQUINARIA INDUSTRIAL

Activity description: Fabricaciσn de mαquinas horizontales para el envasado en sobres y bolsas de todo tipo de productos de los mαs variados sectores: alimentaciσn, cosmιtica, droguerνa, farmacia y demαs aplicaciones.

 

Employees

Latest employees figure: 35 (2012)

% of fixed employees: 82,14%

% of temporary employees: 17,86%

% of men: 78,57%

% of women: 21,43%

 

Employees evolution

 

 

 

 

Employees distribution

Source: Annual financial report 2010

CATEGORY

AVERAGE NUMBER OF EMPLOYEES

MEN

WOMEN

Distribution by sexes

 

22

6

 

COMMERCIAL OPERATIONS

 

PURCHASES

Imports from: UE IRAN SENEGAL EEUU

SALES

Exports to: UE

 

SUPPLIERS

BUSINESS NAME

INTERNATIONAL

TALLERES MANCHA

NO

CARPAU

NO

CELOAGA

NO

There are 3 Suppliers .

 

 

Banks

ENTITY

BRANCH

ADDRESS

TOWN OR CITY

PROVINCE

BANCO DE SABADELL, S.A.

5154

PZ SANT ROC 000020

SABADELL

Barcelona

 

There are 1 bank entities registered .

 

Brands

Brand name: EFFYTEC PACKAGING (Valid)

Type: JOINT    Scope: NATIONAL    Date: 13/07/2004

There are 1 brands, signs and commercial names .

 

LEGAL STRUCTURE

  

Constitution Data

Register Date: 07/05/2004

Register town: Barcelona

Announcement number: 319118

Register data: 

Volume 36665, Folio 123, Section 8, Sheet 295143,

Inscription I/A 1 (2004-06-23)

 

Current structure data

Legal form: Joint-stock Company

Share capital: 1.500.000,00 €

Paid-up capital: 1.500.000,00 €

  

Legal Aspects

Obligation to fill in Financial Statements: YES

Chamber census: YES (2010)

B.O.R.M.E.

(OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)

 

Summary

  Acts on activity: 0

  Acts on administrators: 9 (Last: 12/08/2011, first: 15/07/2004)

  Acts on capital: 6 (Last: 01/06/2012, first: 26/11/2008)

  Acts on creation: 1 (Last: 15/07/2004)

  Acts on filed accounts: 7 (Last: 06/10/2011, first: 28/03/2006)

  Acts on identification: 0

  Acts on Information: 0

 

Latest acts in B.O.R.M.E.

Most relevant acts of the last twelve months

 

ACT

DATE

NOTICE NUM.

MERCANTILE REGISTER

Annual Filed Accounts (2010)

06/10/2011

710350

Barcelona

 

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 contracts62004472010PDFThis product is out of the fee for OPEN contracts62004472010TIFFThis product is out of the fee for OPEN contracts62004472010

Publication Data:  Register Barcelona, Gazette 191, Page  55221, Announcement 710350 (06/10/2011)

 

 

Other acts

ACT

DATE

NOTICE NUM.

MERCANTILE REGISTER

Payment of capital call

01/06/2012

232817

Barcelona

Appointments

12/08/2011

336107

Barcelona

Annual Filed Accounts (2009)

20/05/2011

154386

Barcelona

Appointments

05/07/2010

265112

Barcelona

Resignations

05/07/2010

265112

Barcelona

Annual Filed Accounts (2008)

22/12/2009

1042235

Barcelona

Appointments

12/05/2009

218538

Barcelona

Resignations

12/05/2009

218538

Barcelona

Appointments

02/04/2009

161784

Barcelona

There are 23 acts registered .

 

 

Press articles

 

No press articles registered for this company .

 

Complementary Information

Financial Information

El balance cerrado a 31/12/2008 (Deposito 2008) esta disponible en INFORMA, pero existen datos en los nuevos estados contables incorrectamente presentados.

 

 

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 07/10/2011.

 

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

1.692.261,78

35,11

1.396.901,96

37,32

1.241.112,44

30,18

I. Intangible assets

1.583.492,37

32,85

1.307.216,88

34,93

1.179.329,62

28,68

II. Tangible fixed assets

100.476,70

2,08

81.392,37

2,17

57.042,38

1,39

III. Real-estate investments

 

 

 

 

 

 

IV. Long term investments in associated and affiliated companies

 

 

 

 

 

 

V. Long Term Financial Investments

8.292,71

0,17

8.292,71

0,22

4.740,44

0,12

VI. Assets by deferred taxes

 

 

 

 

 

 

VII. Non current commercial debts

 

 

 

 

 

 

B) CURRENT ASSETS

3.128.239,37

64,89

2.345.676,58

62,68

2.871.383,71

69,82

I. Non-current assets maintained for sale

 

 

 

 

 

 

II. Stocks

1.317.156,90

27,32

874.881,34

23,38

1.609.053,01

39,13

III. Trade Debtors and other receivable accounts

1.414.266,26

29,34

1.304.251,16

34,85

1.262.330,70

30,70

1. Clients

1.283.562,17

26,63

1.254.786,67

33,53

1.124.180,27

27,34

   b) Clients for sales and short term services rendering

1.283.562,17

26,63

1.254.786,67

33,53

1.124.180,27

27,34

3. Other debtors

130.704,09

2,71

49.464,49

1,32

138.150,43

3,36

IV. Short term investments in associated and affiliated companies

 

 

 

 

 

 

V. Short term financial investments

20.250,00

0,42

40.500,00

1,08

 

 

VI. Short term periodifications

 

 

 

 

 

 

VII. Cash and equivalents

376.566,21

7,81

126.044,08

3,37

 

 

TOTAL ASSETS (A + B)

4.820.501,15

100,00

3.742.578,54

100,00

4.112.496,15

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

1.955.586,45

40,57

1.858.287,50

49,65

1.126.370,10

27,39

A-1) Equity

1.955.586,45

40,57

1.858.287,50

49,65

1.126.370,10

27,39

I. Capital

1.482.000,00

30,74

1.464.000,00

39,12

768.000,00

18,67

1. Authorized capital

1.500.000,00

31,12

1.500.000,00

40,08

768.000,00

18,67

2. (Uncalled capital)

-18.000,00

-0,37

-36.000,00

-0,96

 

 

II. Issue premium

300.000,00

6,22

300.000,00

8,02

 

 

III. Reserves

96.586,51

2,00

27.616,25

0,74

 

 

IV. (Net worth own shares and participations)

 

 

 

 

 

 

V. Results from previous years

 

 

 

 

-110.668,80

-2,69

VI. Other loans from partners

 

 

 

 

330.000,00

8,02

VII. Exercise Result

76.999,94

1,60

66.671,25

1,78

139.038,90

3,38

VIII. (Interim dividend)

 

 

 

 

 

 

IX. Other net worth instruments

 

 

 

 

 

 

A-2) Value changes adjustments

 

 

 

 

 

 

A-3) Received legacies, grants and subventions

 

 

 

 

 

 

B) NON CURRENT LIABILITIES

100.000,00

2,07

3.000,00

0,08

42.000,08

1,02

I. Long term provisions

 

 

 

 

 

 

II. Long term debts

100.000,00

2,07

3.000,00

0,08

42.000,00

1,02

1. Debts with bank entities

100.000,00

2,07

 

 

 

 

3. Other long term debts

 

 

3.000,00

0,08

42.000,00

1,02

III. Long term debts with associated and affiliated companies

 

 

 

 

0,08

0,00

IV. Liabilities by deferred taxes

 

 

 

 

 

 

V. Long term periodifications

 

 

 

 

 

 

VI. Non current trade creditors

 

 

 

 

 

 

VII. Long term debts with special characteristics

 

 

 

 

 

 

C) CURRENT LIABILITIES

2.764.914,70

57,36

1.881.291,04

50,27

2.944.125,97

71,59

I. Liabilities related with non-current assets maintained for sale

 

 

 

 

 

 

II. Short term provisions

 

 

 

 

 

 

III. Short term debts

750.243,14

15,56

521.789,29

13,94

1.066.277,30

25,93

1. Debts with bank entities

750.243,14

15,56

514.784,00

13,75

918.934,05

22,34

3. Other short term debts

 

 

7.005,29

0,19

147.343,25

3,58

IV. Short term debts with associated and affiliated companies

 

 

 

 

 

 

V. Trade creditors and other payable accounts

2.014.671,56

41,79

1.359.501,75

36,33

1.877.848,67

45,66

1. Suppliers

1.343.234,95

27,87

796.872,99

21,29

1.028.948,45

25,02

   b) Short term suppliers

1.343.234,95

27,87

796.872,99

21,29

1.028.948,45

25,02

2. Other creditors

671.436,61

13,93

562.628,76

15,03

848.900,22

20,64

VI. Short term periodifications

 

 

 

 

 

 

VII. Short term debts with special characteristics

 

 

 

 

 

 

TOTAL NET WORTH AND LIABILITIES (A + B + C)

4.820.501,15

100,00

3.742.578,54

100,00

4.112.496,15

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

5.542.631,06

94,00

5.085.590,24

92,17

5.445.118,11

93,90

2. Variation in stocks of finished goods and work in progress

52.467,33

0,89

 

 

535.241,34

9,23

3. Works for its own assets

352.662,93

5,98

385.380,14

6,98

353.828,76

6,10

4. Supplies

-2.783.513,14

-47,21

-3.054.061,91

-55,35

-2.939.290,96

-50,69

5. Other operating income

1.040,00

0,02

46.433,38

0,84

 

 

6. Labour cost

-1.477.118,37

-25,05

-1.224.760,31

-22,20

-1.208.410,76

-20,84

7. Other operating costs

-1.336.388,10

-22,66

-978.848,54

-17,74

-1.661.993,07

-28,66

8. Amortization of fixed assets

-243.288,82

-4,13

-264.847,50

-4,80

-302.134,80

-5,21

9. Allocation of subventions on non financial investments and other

 

 

 

 

 

 

10. Provisions excess

 

 

 

 

 

 

11. Deterioration and result for fixed assets disposal

 

 

-4.364,13

-0,08

 

 

12. Negative difference of business combinations

 

 

 

 

 

 

13. Other results

5.000,00

0,08

1.343,57

0,02

-9.900,52

-0,17

A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13)

113.492,89

1,92

-8.135,06

-0,15

212.458,10

3,66

14. Financial income

7.695,72

0,13

7.255,48

0,13

2.312,74

0,04

b) Other financial income

7.695,72

0,13

7.255,48

0,13

2.312,74

0,04

15. Financial expenses

-34.105,04

-0,58

-36.849,91

-0,67

-65.445,98

-1,13

16. Reasonable value variation on financial instruments

 

 

 

 

 

 

17. Exchange differences

1.422,11

0,02

114.363,11

2,07

371,78

0,01

18. Deterioration and result for disposal of financial instruments

 

 

 

 

 

 

19. Other financial income and expenses

 

 

 

 

 

 

B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19)

-24.987,21

-0,42

84.768,68

1,54

-62.761,46

-1,08

C) RESULT BEFORE TAXES (A + B)

88.505,68

1,50

76.633,62

1,39

149.696,64

2,58

20. Taxes on profits

-11.505,74

-0,20

-9.962,37

-0,18

-10.657,74

-0,18

D) EXERCISE RESULT (C + 20)

76.999,94

1,31

66.671,25

1,21

139.038,90

2,40

 

 

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

76.999,94

66.671,25

139.038,90

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)

76.999,94

66.671,25

139.038,90

 

Total net worth changes status

Figures given in €

NET WORTH CHANGES ( 2 /3)

AUTHORIZED CAPITAL

(UNCALLED) CAPITAL

ISSUE PREMIUM

RESERVES

FINAL ACCOUNT BALANCE OF EXERCISE (2007)

 

 

 

 

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)

 

 

 

 

I. Total recognized income and expenses

 

 

 

 

II. Operations with partners or owners

768.000,00

 

 

 

1. Capital Increases

768.000,00

 

 

 

3. Other operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

768.000,00

 

 

-4.721,67

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)

768.000,00

 

 

-4.721,67

I. Total recognized income and expenses

 

 

 

 

II. Operations with partners or owners

732.000,00

 

 

 

1. Capital Increases

732.000,00

 

 

 

3. Other operations with partners or owners

 

 

 

 

III. Other net worth variations

 

-36.000,00

300.000,00

32.337,92

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

1.500.000,00

-36.000,00

300.000,00

27.616,25

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)

1.500.000,00

-36.000,00

300.000,00

27.616,25

I. Total recognized income and expenses

 

 

 

 

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

18.000,00

 

68.970,26

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

1.500.000,00

-18.000,00

300.000,00

96.586,51

NET WORTH CHANGES ( 3 /3)

RESULTS FROM PREVIOUS YEARS

OTHER LOANS FROM PARTNERS

EXERCISE RESULT

TOTAL

FINAL ACCOUNT BALANCE OF EXERCISE (2007)

 

 

 

 

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)

 

 

 

 

I. Total recognized income and expenses

 

 

139.038,90

139.038,90

II. Operations with partners or owners

 

330.000,00

 

1.098.000,00

1. Capital Increases

 

 

 

768.000,00

3. Other operations with partners or owners

 

330.000,00

 

330.000,00

III. Other net worth variations

-105.947,13

 

 

-110.668,80

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

-105.947,13

330.000,00

139.038,90

1.126.370,10

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)

-105.947,13

330.000,00

139.038,90

1.126.370,10

I. Total recognized income and expenses

 

 

66.671,25

66.671,25

II. Operations with partners or owners

 

-330.000,00

 

402.000,00

1. Capital Increases

 

 

 

732.000,00

3. Other operations with partners or owners

 

-330.000,00

 

-330.000,00

III. Other net worth variations

105.947,13

 

-139.038,90

263.246,15

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

 

 

66.671,25

1.858.287,50

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)

 

 

66.671,25

1.858.287,50

I. Total recognized income and expenses

 

 

76.999,94

76.999,94

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

-66.671,25

20.299,01

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

 

 

76.999,94

1.955.586,45

 

 

RATIOS

 

 

31/12/2010

(12)

 

CHANGE %

31/12/2009

(12)

 

CHANGE %

31/12/2008

(12)

 

BALANCE RATIOS

Working Capital (€)

363.324,67

-21,76

464.385,54

738,40

-72.742,26

Working capital ratio

0,08

-33,33

0,12

700,00

-0,02

Soundness Ratio

1,16

-12,78

1,33

46,15

0,91

Average Collection Period (days)

92

-0,39

92

10,34

84

Average Payment Period (days)

176

45,10

121

-17,40

147

LIQUIDITY RATIOS

Current Ratio (%)

113,14

-9,26

124,68

27,84

97,53

Quick Ratio (%)

14,35

62,15

8,85

 

 

DEBT RATIOS

Borrowing percentage (%)

17,64

25,82

14,02

-47,98

26,95

External Financing Average Cost

0,04

-42,86

0,07

16,67

0,06

Debt Service Coverage

2,66

68,35

1,58

-37,05

2,51

Interest Coverage

3,33

1.613,64

-0,22

-106,77

3,25

GENERAL AND ACTIVITIES RATIOS

Auto financing generated by sales (%)

5,78

-11,35

6,52

-19,51

8,10

Auto financing generated by Assets (%)

6,64

-25,06

8,86

-17,43

10,73

Breakdown Point

1,02

2,00

1,00

-3,85

1,04

Average Sales Volume per Employee

201.111,43

-7,82

218.172,04

-13,57

252.439,41

Average Cost per Employee

53.596,46

2,01

52.542,27

-6,21

56.022,75

Assets Turnover

1,15

-15,44

1,36

3,03

1,32

Inventory Turnover (days)

170

65,38

103

-47,71

197

RESULTS RATIOS

Return on Assets (ROA) (%)

2,35

1.168,18

-0,22

-104,26

5,17

Operating Profitability (%)

7,40

9,79

6,74

-46,12

12,51

Return on Equity (ROE) (%)

4,53

9,95

4,12

-69,00

13,29

 

 

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

35,11

33,09

2,02

A) CURRENT ASSETS

64,89

66,91

-2,02

LIABILITIES

A) NET WORTH

40,57

40,76

-0,19

B) NON CURRENT LIABILITIES

2,07

14,09

-12,01

C) CURRENT LIABILITIES

57,36

45,16

12,20

 

 

 

 

 

Results Analytical Account

Figures given in  %

 

COMPANY

(2010)

 

SECTOR

 

DIFFERENCE

 

Net Turnover

94,00

98,11

-4,11

Other operating income

6,00

1,89

4,11

OPERATING INCOME

100,00

100,00

0,00

Supplies

-47,21

-53,08

5,87

Variation in stocks of finished goods and work in progress

0,89

2,55

-1,66

GROSS MARGIN

53,68

49,47

4,21

Other operating costs

-22,66

-15,36

-7,30

Labour cost

-25,05

-26,80

1,75

GROSS OPERATING RESULT

5,97

7,31

-1,34

Amortization of fixed assets

-4,13

-3,12

-1,01

Deterioration and result for fixed assets disposal

 

-0,04

 

Other expenses / income

 

0,18

 

NET OPERATING RESULT

1,92

4,34

-2,42

Financial result

-0,42

-0,93

0,51

RESULT BEFORE TAX

1,50

3,40

-1,90

Taxes on profits

-0,20

-0,76

0,56

RESULT COMING FROM CONTINUED OPERATIONS

1,31

2,64

-1,33

Exercise result coming from discontinued operations net of taxes

 

0,00

 

NET RESULT

1,31

2,64

-1,33

Amortization of fixed assets

-4,13

-3,12

-1,01

Deterioration and provisions variation

-4,13

0,17

-4,30

 

9,56

5,59

3,97

 

 

Main Ratios

Figures given in €

 

COMPANY

(2010)

 

PTILE25

 

PTILE50

 

PTILE75

 

BALANCE RATIOS

 

 

 

 

Working Capital (€)

363.324,67

344.238,66

686.310,88

1.298.164,56

Working capital ratio

0,08

0,09

0,22

0,36

Soundness Ratio

1,16

0,84

1,48

3,44

Average Collection Period (days)

92

71

90

109

Average Payment Period (days)

176

102

159

205

LIQUIDITY RATIOS

 

 

 

 

Current Ratio (%)

113,14

116,48

141,94

224,30

Quick Ratio (%)

14,35

12,40

29,12

53,71

DEBT RATIOS

 

 

 

 

Borrowing percentage (%)

17,64

10,14

18,02

30,78

External Financing Average Cost

0,04

0,04

0,05

0,07

Debt Service Coverage

2,66

1,04

2,82

10,35

Interest Coverage

3,33

1,42

2,88

11,49

GENERAL AND ACTIVITIES RATIOS

 

 

 

 

Auto financing generated by sales (%)

5,78

2,89

4,47

10,14

Auto financing generated by Assets (%)

6,64

2,64

4,60

9,40

Breakdown Point

1,02

1,01

1,04

1,08

Average Sales Volume per Employee

201.111,43

102.654,61

132.686,27

192.702,75

Average Cost per Employee

53.596,46

31.607,09

38.089,62

42.052,12

Assets Turnover

1,15

0,76

1,19

1,54

Inventory Turnover (days)

170

76

155

226

RESULTS RATIOS

 

 

 

 

Return on Assets (ROA) (%)

2,35

1,83

5,19

7,03

Operating Profitability (%)

7,40

4,62

8,36

10,73

Return on Equity (ROE) (%)

4,53

1,69

8,29

17,47

 

 

ADDITIONAL INFORMATION

 

Consulted Sources

 

Central Mercantile Register

Tax Administration / VIES Consultation

Tax Administration / Consultation by NIF

INTERNET

Telephone directory: PΑGINAS AMARILLAS

BANCO

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.