MIRA INFORM REPORT
|
Report Date : |
17.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
ESPECIAL GEAR TRANSMISSIONS SOCIEDAD ANONIMA |
|
|
|
|
Registered Office : |
Calle Martintxone Bidea (Pg Ind Trobika), 3 - A, 48100 Mungia Bizkaia |
|
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Country : |
Spain |
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|
|
Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.01.1997 |
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Legal Form : |
Sole Corporation |
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Line of Business : |
Mfg. of bearings, gears, gearing & driving elements |
|
|
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|
No. of Employees : |
64 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but 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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
spain - ECONOMIC OVERVIEW
spain's mixed capitalist economy is the 13th largest
in the world, and its per capita income roughly matches that of Germany and
France. However, after almost 15 years of above average GDP growth, the Spanish
economy began to slow in late 2007 and entered into a recession in the second
quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth trend,
and by another 0.1% in 2010, before turning positive in 2011, making Spain the
last major economy to emerge from the global recession. The reversal in
Spain''s economic growth reflected a significant decline in construction amid
an oversupply of housing and falling consumer spending, while exports actually
have begun to grow. Government efforts to boost the economy through stimulus
spending, extended unemployment benefits, and loan guarantees did not prevent a
sharp rise in the unemployment rate, which rose from a low of about 8% in 2007
to over 20% in 2011. The government budget deficit worsened from 3.8% of GDP in
2008 to 9.2% of GDP in 2010, more than three times the euro-zone limit. Madrid
cut the deficit to 8.5% of GDP in 2011, a larger deficit than the 6% target
negotiated between Spain and the EU. Spain''s large budget deficit and poor
economic growth prospects have made it vulnerable to financial contagion from
other highly-indebted euro zone members despite the government''s efforts to
cut spending, privatize industries, and boost competitiveness through labor
market reforms. Spanish banks'' high exposure to the collapsed domestic
construction and real estate market also poses a continued risk for the sector.
The government oversaw a restructuring of the savings bank sector in 2010, and
provided some $15 billion in capital to various institutions. Investors remain
concerned that Madrid may need to bail out more troubled banks. The Bank of
Spain, however, is seeking to boost confidence in the financial sector by
pressuring banks to come clean about their losses and consolidate into stronger
groups.
|
Source : CIA |
Company
name
ESPECIAL GEAR TRANSMISSIONS SOCIEDAD ANONIMA
CIF/NIF: A48945489
Company situation: Active
INFORMATION
OF THE REQUEST
Answer to the data in your request
Other Complementary Information
Games is the name of the group to which the owner belongs.
Business Name
The correct registered name is the one indicated in this report and not
the one mentioned in your request.
EXECUTIVE
SUMMARY
Identification
Current Business Name: ESPECIAL GEAR TRANSMISSIONS SOCIEDAD ANONIMA
Commercial name: REDUCTORES TACKE OLALDE
Other names: NO
Current Address: CALLE MARTINTXONE BIDEA (PG IND
TROBIKA), 3 - A
Telephone number: 946740050 Fax: 946742735
URL: www.gamesacorp.com
Corporate e-mail: egt@gamesacorp.com
Trade Risk
Credit appraisal: Caution suggested
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2011): 14.090.000,00 € (Mercantile Register)
Result: -370.000 €
Total Assets: 14.309.000 €
Share capital: 732.198,00 €
Employees: 64
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 15/12/1997
Activity: Mfg. of bearings, gears, gearing
& driving elements
NACE 2009 CODE: 2815
International Operations: Imports and
Exports
Corporate Structure
Sole Administrator:
GAMESA ENERGY
TRANSMISSION SOCIEDAD ANONIMA
Parent Company:
GAMESA ENERGY
TRANSMISSION SOCIEDAD ANONIMA
Participations: 1
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 27/02/2012 Resignations
Latest press article: 01/05/2006 EMPRESA
XXI (GENERAL INFORMATION)
Bank Entities: There are
The date when this report was last updated is 13/12/2012.
The information contained in this report has been investigated and
contrasted on 13/12/2012
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
30/11/2012 |
Increase |
6 |
There has been a change in the formula version. |
|
16/10/2012 |
Reduction |
3 |
New financial statements have been uploaded. |
INCIDENTS 
Summary
AFFECTED BY: No significant element.
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI -
SECTORIAL DEFAULTS OF PAYMENT
There is no information related to the nif/cif consulted in the in the
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT file
This information comes from Experian Bureau Empresarial Service,
property of Experian Bureau de Crédito S.A. It could just be used for
businessmen or professionals and for the own aims of the business, and could
not be transferred or transmitted to third parties, copied, duplicate or
reproduce, nor incorporate to any owned or external database, or reuse it in
any direct or indirect way. Experian Bureau de Crédito S.A. may file you for
damages it may suffer in case of breaching any of the afore mentioned
obligations. Experian would not be responsible of the lack of accuracy in the
supplied information when it coincides with the one supplied by the creditor
entities.
R.A.I.
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
10/12/2012 08:12:51
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 €
|
|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
6.598,00 |
46,11 |
7.471,45 |
24,97 |
9.019,86 |
32,80 |
|
B) CURRENT ASSETS |
7.711,00 |
53,89 |
22.454,82 |
75,03 |
18.478,37 |
67,20 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
3.067,00 |
21,43 |
3.435,08 |
11,48 |
1.931,84 |
7,03 |
|
B) NON CURRENT LIABILITIES |
1.507,00 |
10,53 |
8.071,98 |
26,97 |
8.980,12 |
32,66 |
|
C) CURRENT LIABILITIES |
9.735,00 |
68,03 |
18.419,21 |
61,55 |
16.586,26 |
60,32 |
Profit and loss account analysis
Figures given in thousands €
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
14.090,00 |
|
17.781,28 |
|
23.657,52 |
|
|
GROSS MARGIN |
5.052,00 |
35,86 |
7.925,84 |
44,57 |
8.528,67 |
36,05 |
|
EBITDA |
629,00 |
4,46 |
3.642,31 |
20,48 |
3.549,01 |
15,00 |
|
EBIT |
397,00 |
2,82 |
2.582,54 |
14,52 |
1.746,95 |
7,38 |
|
NET RESULT |
-370,00 |
-2,63 |
1.512,45 |
8,51 |
959,93 |
4,06 |
|
EFFECTIVE TAX RATE (%) |
418,97 |
2,97 |
26,41 |
0,15 |
28,83 |
0,12 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
46,11 |
21,49 |
24,62 |
|
|
|
|
|
A) CURRENT ASSETS |
53,89 |
78,51 |
-24,62 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
21,43 |
44,45 |
-23,02 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
10,53 |
8,95 |
1,58 |
|
|
|
|
|
C) CURRENT LIABILITIES |
68,03 |
46,60 |
21,44 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
99,03 |
0,97 |
|
|
|
|
|
GROSS MARGIN |
35,86 |
29,85 |
6,01 |
|
|
|
|
|
EBITDA |
4,46 |
6,40 |
-1,94 |
|
|
|
|
|
EBIT |
2,82 |
4,02 |
-1,21 |
|
|
|
|
|
NET RESULT |
-2,63 |
3,13 |
-5,76 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 2815
Number of companies: 7
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 2011
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
-370.000,00 |
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 |
0,00 |
|
Total of Amounts to be distributed |
-370.000,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
-370.000,00 |
|
|
|
Application total |
-370.000,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE
Auditor: PRICEWATERHOUSECOOPERS AUDITORES S.L.
Auditor emphasis:
Sin que afecte a nuestra opinión de auditoría, llamamos la atención
respecto a lo señalado en la Nota 26 de la memoria adjunta, en la que se
menciona que la mayor parte de las ventas de la Sociedad se han efectuado con
empresas vinculadas, manteniendo con ellas, así mismo saldos de naturaleza
financiera. Consecuentemente, las Cuentas Anuales deben interpretarse dentro de
este contexto.
Auditing fees: 9.000,00 €
Facts subsequent to the closing
Source: Annual financial report 2011
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
ADDRESSES
Current Legal Seat Address:
CALLE MARTINTXONE BIDEA (PG IND TROBIKA), 3 - A
48100 MUNGIA BIZKAIA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE BERTENDONA, 4 |
48008 |
BILBAO |
Bizkaia |
|
POLIGONO INDUSTRIAL TROBIKA, S/N |
48100 |
MUNGIA |
Bizkaia |
CORPORATE
STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
01/04/2008)
Other Positions : 13 (latest change: 12/01/2010)
Auditor : 2 (latest change: 23/11/2011)
Operative Board Members : 4 (latest change: 06/03/2009)
Non-current positions : 36 (latest change: 15/02/2012)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
GAMESA ENERGY TRANSMISSION SOCIEDAD ANONIMA |
01/04/2008 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
ERNST & YOUNG SOCIEDAD LIMITADA |
24/12/2010 |
|
AUDITOR |
PRICEWATERHOUSECOOPERS AUDITORES SOCIEDAD LIMITADA |
23/11/2011 |
Board members remuneration
Source: Annual financial report 2011
Board members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
RUIZ ANTOLIN, AMANDO |
|
Financial Manager |
VALVERDE GUINEA, ANDRES |
|
Human Resources Director |
VALVERDE GUINEA, ANDRES |
|
Commercial Director |
URQUIDI GARCIA, JESUS |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GAMESA ENERGY TRANSMISSION SOCIEDAD ANONIMA |
A95318879 |
100,00 |
OWN SOURCES |
13/12/2012 |
Majority shareholder of GAMESA ENERGY TRANSMISSION SOCIEDAD ANONIMA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GAMESA ENERGIA SOCIEDAD ANONIMA |
A80477144 |
100,00 |
OWN SOURCES |
07/05/2012 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
DESARROLLOS INDUSTRIALES Y COMERCIALES DEINCO 2000 SL |
B48780084 |
39,40 |
B.O.R.M.E. |
18/04/2005 |
|
|
DECAPLUS CAPITAL SOCIEDAD ANONIMA. |
A95026506 |
32,55 |
B.O.R.M.E. |
18/04/2005 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ELKARGI SOCIEDAD DE GARANTIA RECIPROCA |
V20066411 |
Indef. |
MERCANTILE REGISTER |
31/12/2011 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
COMERCIAL FERRICA SOCIEDAD ANONIMA |
A48169031 |
22,00 |
OWN SOURCES |
24/03/2010 |
|
|
BECKER & HAYEK SOCIEDAD ANONIMA. (EXTINGUIDA) |
A95021705 |
7,57 |
B.O.R.M.E. |
07/05/2009 |
Company with rating inferior to 7
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”GAMESA ENERGY TRANSMISSION SOCIEDAD ANONIMA”
|
COMPANY |
POSITION |
PROVINCE |
|
TRANSMISIONES EOLICAS DE GALICIA SA |
Administrador Único |
BIZKAIA |
In case you need more information you can request: Board Members
Monitoring
Search Criterion: ”ESPECIAL GEAR TRANSMISSIONS SOCIEDAD ANONIMA”
URL: www.boe.es
borme-a-2010-245-48 - Boletín Oficial del Estado 24 Dic 2010
... 476339 - ESPECIAL GEAR TRANSMISSIONS SOCIEDAD ANONIMA. Nombramientos.
Auditor: DEPRIT GARCIA SANTIAGO. Datos registrales ...
URL: es.sireh.com
Vizcaya Companies List EGT ESPECIAL GEAR TRANSMISSIONS TACKE OLALDE
City : Vizcaya Products : Engines , Engine parts. Details. Company Name : E G T
SA SPECIAL GEAR ...
BUSINESS
INFORMATION
Incorporation date: 15/12/1997
Establishment date: 01/01/1997
Activity: Mfg. of bearings, gears, gearing & driving
elements
NACE 2009 CODE: 2815
NACE 2009 Activity: Manufacture of bearings, gears, gearing and
driving elements
Business: FABRICACION, CONSTRUCCION, REPARACION Y
DISTRIBUCION DE ELEMENTOS DE TRANSMISION, HERRAMIENTAS, MAQUINARIA, BIENES DE
EQUIPO Y ACCESORIOS PARA LA INDUSTRIA, PRINCIPALMENTE REDUCTORES Y
MULTIPLICADORES PARA TORRES EOLICAS
Environmental information: YES (Page 76) Annual
financial report 2011
Employees
Latest employees figure: 64 (2012)
% of fixed employees: 100,00%
% of men: 90,41%
% of women: 9,59%
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
66 |
7 |
COMMERCIAL
OPERATIONS
SALES
Export Percentage: 6%
Exports to: UNIÓN EUROPEA Y OTROS PAÍSES
National Distribution: 94%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
SKS OFAG |
YES |
|
GAMESA ENERGY TRANSMISSIONS SAU |
NO |
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
GAMESA ENERGY TRANSMISSIONS SAU |
NO |
The 52.61% of
its turnover corresponds to farm.
The 15.31% of
its turnover corresponds to couplings.
The 13.75% of
its turnover is for repairs.
The 11.33% of
its turnover corresponds to spare.
The 7.00% of
its turnover corresponds to reducing industrial.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
5066 |
CL LAUAXETA OLERKARI 8 APDO. 00000 |
MUNGIA |
Bizkaia |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
1300 |
GRAN VIA, 12 |
BILBAO |
Bizkaia |
|
BANCO POPULAR ESPAÑOL, S.A. |
1166 |
ITXAROPENA, 3 |
MUNGIA |
Bizkaia |
|
BANCO DE SABADELL, S.A. |
|
|
BILBAO |
|
|
CAIXABANK, S.A. |
1914 |
C. ALKARTASUNA, 1 |
MUNGIA |
Bizkaia |
There are 8 bank entities registered
Discount facilities: 0
Credit policy: 0
Mortgage loan: 0
Loans with no real security: 1
|
|
|
|
Debt type:Loans with no
real security Interest type: EURIBOR +
0.5% |
Granted amount:1.500.000,00 € Source: Filed
Accounts (2011) |
|
Operation description: Concesión 2009. En concepto de
prefinanciación de un proyecto de inversión |
|
|
|
|
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
MORE THAN 5 YEARS |
|
|
Contrato de arrendamiento financiero sobre un solar y un edificio. |
360.000,00 |
660.000,00 |
0,00 |
Grants
|
|
|
|
Grant type: To technology and innovation (IT, R&D, etc) Granting year: 2009 |
Amount received in the exercise: 12.000,00 € Amount pending collection:
44.000,00 € Source: Filed
Accounts (2011) |
LEGAL
STRUCTURE
Constitution Data
Register Date: 15/12/1997
Register town: Bizkaia
Announcement number: 143539
Legal form: Sole Corporation
Share capital: 732.198,00 €
Paid-up capital: 732.198,00 €
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: 25/07/2000)
Acts on administrators: 45 (Last: 27/02/2012, first:
16/04/1998)
Acts on capital: 7 (Last: 03/10/2005, first:
25/07/2000)
Acts on creation: 1 (Last: 16/04/1998)
Acts on filed accounts: 14 (Last: 17/08/2011, first:
07/06/2000)
Acts on identification: 1 (Last: 12/12/2000)
Acts on Information: 6 (Last: 16/07/2009, first:
25/07/2000)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Resignations |
27/02/2012 |
93538 |
Bizkaia |
|
Appointments |
05/12/2011 |
483855 |
Bizkaia |
|
Annual Filed Accounts (2010) |
17/08/2011 |
298817 |
Bizkaia |
|
Re-elections |
24/12/2010 |
476340 |
Bizkaia |
|
Appointments |
24/12/2010 |
476339 |
Bizkaia |
|
Annual Filed Accounts (2009) |
06/09/2010 |
464344 |
Bizkaia |
|
Appointments |
12/01/2010 |
10846 |
Bizkaia |
|
Resignations |
12/01/2010 |
10846 |
Bizkaia |
|
Annual Filed Accounts (2008) |
17/08/2009 |
220337 |
Bizkaia |
|
Resignations |
07/08/2009 |
349495 |
Bizkaia |
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: 6
(Last: 01/05/2006, first: 01/10/2000)
Latest press article published
01/05/2006 EMPRESA XXI - GENERAL INFORMATION
DANIELI Morgardshammar IBERICA 4 CIAS has subcontracted. BASQUE GOVERNMENT STEEL AUXILIARY
EQUIPMENT SERVE DIFFERENT
FOR MODERNIZATION OF TRAIN BAR THAT HAS MEGASA GALLEGO steelmaker in
Corunna. Specifically, the QUOTED
TRAIN, with two production
lines will be upgraded with STARTING
A NEW SYSTEM OF SUPPLY
AND CARGO BAR. In
this regard, the CIA. EGT will be responsible for reducing elements DELIVERY AND TRAIN dropbox.
01/08/2005 EL MUNDO DEL PAIS VASCO - LEGAL
ANNOUNCEMENTS
GRAL BOARD. SHAREHOLDERS OF THIS
SDAD., HELD ON 15/06/05,
resolved to reduce capital SOCIAL
3,850,036.05 EUROS EUROS 482,194.32 leaving
encryption.
05/03/2005 LA GACETA - SHAREHOLDERS AND HOLDINGS
GAMESA arrived 04/03/05 AN AGREEMENT WITH OWNERS SPECIAL GEAR TRANSMISSIONS (EGT) to execute the purchase option for 100% of the CIA. BY 1.38 billion. EGT, LOCATED IN VIZCAYA, has a staff of 100 employees and a wide experience in the design, manufacture and repair of industrial gear AND WIND MULTIPLIERS. THIS ACQUISITION POLICY ENTERS GAMESA COMPONENTS MANUFACTURING TECHNOLOGY WE PROVIDE or synergies.
23/10/2004 LA GACETA - SHAREHOLDERS AND HOLDINGS
Gamesa, with interests in
aerospace and renewable energy, has
signed an agreement with the owners
of the company Biscayne SPECIAL
GEAR TRANSMISSIONS (EGT), by which the former
may exercise an option to acquire
99.93% stake in EGT. THIS OPTION is valid until 30/06/05, 22/10/04 as
reported by the CIA. ALFONSO
PRESIDING BASAGOITI. GAMESA AS, IF RUNNING
THE EGT option on,
the amount of the transaction will be subject
to changes depending on various factors
not concretized, although it
could be around 4 mm. EGT, based in MUNGIA,
employs 100 WORKERS 6.9 billion and revenues. IN 2003.
01/09/2003 ESTRATEGIA EMPRESARIAL - GENERAL
INFORMATION
SPECIAL GEARS TRANSMISSIONS (EGT), CIA. Biscayne DEVOTED TO DESIGN AND
MANUFACTURE INDUSTRIAL speed reducers, hopes to consolidate its FARM MARKET, SO
TRY attract new customers home and abroad. THE CIA., Operating Under TACKE
OLALDE, HAS A FEW turnover of 8 billion and the export figure rises above 27%.
ALSO, EGT occupies an area of 6000 square meters in
the POL. IND. TROBIKA, employing 100 people. THE CIA. HAS QUALITY CERTIFICATION
ISO 9000.
There are 6 press articles registered for this company
Complementary Information
Financial Information
The stock closed at 31/12/2010 (Tank
2010) is available at INFORMS, but there is
data in the new financial
statements presented incorrectly.
The stock closed
at 31/12/2009 (Tank 2009) is available at INFORMS,
but there is data in the new financial statements presented incorrectly.
The stock closed
at 31/12/2008 (Tank 2008) 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 15/10/2012.
SITUATION BALANCE-SHEET
Assets
Figures given in thousands €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
6.598,00 |
46,11 |
7.471,45 |
24,97 |
9.019,86 |
32,80 |
|
I. Intangible assets |
35,00 |
0,24 |
43,45 |
0,15 |
53,37 |
0,19 |
|
1. Development |
|
|
0,71 |
0,00 |
0,71 |
0,00 |
|
5. Software |
|
|
42,74 |
0,14 |
52,67 |
0,19 |
|
7. Other intangible assets |
35,00 |
0,24 |
|
|
|
|
|
II. Tangible fixed assets |
6.367,00 |
44,50 |
7.101,72 |
23,73 |
8.000,81 |
29,10 |
|
1. Property, plant and equipment |
|
|
3.114,34 |
10,41 |
3.226,41 |
11,73 |
|
2. Technical fittings and other tangible assets |
6.367,00 |
44,50 |
3.987,38 |
13,32 |
4.774,40 |
17,36 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
7,00 |
0,05 |
6,14 |
0,02 |
148,56 |
0,54 |
|
1. Net worth instruments |
1,00 |
0,01 |
|
|
|
|
|
3. Debt representative values |
|
|
0,48 |
0,00 |
0,48 |
0,00 |
|
5. Other financial assets |
6,00 |
0,04 |
5,66 |
0,02 |
148,08 |
0,54 |
|
VI. Assets by deferred taxes |
189,00 |
1,32 |
320,15 |
1,07 |
817,11 |
2,97 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
7.711,00 |
53,89 |
22.454,82 |
75,03 |
18.478,37 |
67,20 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
1.809,00 |
12,64 |
1.623,40 |
5,42 |
2.404,93 |
8,75 |
|
2. Raw material inventory |
977,00 |
6,83 |
781,80 |
2,61 |
1.133,85 |
4,12 |
|
3. Work in Progress |
832,00 |
5,81 |
841,60 |
2,81 |
1.271,08 |
4,62 |
|
b) Short production cycle |
832,00 |
5,81 |
841,60 |
2,81 |
1.271,08 |
4,62 |
|
III. Trade Debtors and other receivable accounts |
5.878,00 |
41,08 |
20.805,63 |
69,52 |
16.048,04 |
58,36 |
|
1. Clients |
1.413,00 |
9,87 |
1.595,51 |
5,33 |
1.527,63 |
5,56 |
|
a) Clients for sales and long term services
rendering |
|
|
1.595,51 |
5,33 |
1.527,63 |
5,56 |
|
b) Clients for sales and short term services
rendering |
1.413,00 |
9,87 |
|
|
|
|
|
2. Clients group and associated companies |
4.451,00 |
31,11 |
19.209,29 |
64,19 |
14.512,20 |
52,78 |
|
3. Other debts |
1,00 |
0,01 |
0,84 |
0,00 |
6,36 |
0,02 |
|
4. Staff |
13,00 |
0,09 |
|
|
1,84 |
0,01 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
3,00 |
0,02 |
3,15 |
0,01 |
3,15 |
0,01 |
|
5. Other financial assets |
3,00 |
0,02 |
3,15 |
0,01 |
3,15 |
0,01 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
21,00 |
0,15 |
22,64 |
0,08 |
22,25 |
0,08 |
|
1. Treasury |
20,00 |
0,14 |
22,64 |
0,08 |
22,25 |
0,08 |
|
2. Other cash equivalents |
1,00 |
0,01 |
|
|
|
|
|
TOTAL ASSETS (A + B) |
14.309,00 |
100,00 |
29.926,27 |
100,00 |
27.498,22 |
100,00 |
Net Worth and Liabilities
Figures given in thousands €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NET WORTH |
3.067,00 |
21,43 |
3.435,08 |
11,48 |
1.931,84 |
7,03 |
|
A-1) Equity |
3.023,00 |
21,13 |
3.381,80 |
11,30 |
1.869,35 |
6,80 |
|
I. Capital |
732,00 |
5,12 |
732,20 |
2,45 |
732,20 |
2,66 |
|
1. Authorized capital |
732,00 |
5,12 |
732,20 |
2,45 |
732,20 |
2,66 |
|
II. Issue premium |
2.250,00 |
15,72 |
2.250,04 |
7,52 |
2.250,04 |
8,18 |
|
III. Reserves |
411,00 |
2,87 |
175,26 |
0,59 |
175,26 |
0,64 |
|
1. Legal and statutory |
175,00 |
1,22 |
175,26 |
0,59 |
175,26 |
0,64 |
|
2. Other funds |
236,00 |
1,65 |
|
|
|
|
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
-1.288,15 |
-4,30 |
-2.248,08 |
-8,18 |
|
2. (Prior years losses) |
|
|
-1.288,15 |
-4,30 |
-2.248,08 |
-8,18 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
-370,00 |
-2,59 |
1.512,45 |
5,05 |
959,93 |
3,49 |
|
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 |
44,00 |
0,31 |
53,28 |
0,18 |
62,49 |
0,23 |
|
B) NON CURRENT LIABILITIES |
1.507,00 |
10,53 |
8.071,98 |
26,97 |
8.980,12 |
32,66 |
|
I. Long term provisions |
174,00 |
1,22 |
374,32 |
1,25 |
974,71 |
3,54 |
|
4. Other provisions |
174,00 |
1,22 |
374,32 |
1,25 |
974,71 |
3,54 |
|
II. Long term debts |
1.315,00 |
9,19 |
1.976,94 |
6,61 |
2.281,12 |
8,30 |
|
2. Debts with bank entities |
1.093,00 |
7,64 |
1.976,94 |
6,61 |
2.281,12 |
8,30 |
|
3. Financial leasing creditors |
222,00 |
1,55 |
|
|
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
5.700,00 |
19,05 |
5.700,00 |
20,73 |
|
IV. Liabilities by deferred taxes |
18,00 |
0,13 |
20,72 |
0,07 |
24,30 |
0,09 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
9.735,00 |
68,03 |
18.419,21 |
61,55 |
16.586,26 |
60,32 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
247,00 |
1,73 |
631,64 |
2,11 |
449,33 |
1,63 |
|
III. Short term debts |
641,00 |
4,48 |
313,38 |
1,05 |
1.248,16 |
4,54 |
|
2. Debts with bank entities |
300,00 |
2,10 |
|
|
|
|
|
3. Financial leasing creditors |
315,00 |
2,20 |
289,54 |
0,97 |
242,81 |
0,88 |
|
5. Other financial liabilities |
26,00 |
0,18 |
23,84 |
0,08 |
1.005,35 |
3,66 |
|
IV. Short term debts with associated and affiliated companies |
4.173,00 |
29,16 |
14.405,20 |
48,14 |
10.038,60 |
36,51 |
|
V. Trade creditors and other payable accounts |
4.674,00 |
32,66 |
3.068,99 |
10,26 |
4.850,17 |
17,64 |
|
1. Suppliers |
1.501,00 |
10,49 |
2.174,11 |
7,26 |
2.576,94 |
9,37 |
|
b) Short term suppliers |
1.501,00 |
10,49 |
2.174,11 |
7,26 |
2.576,94 |
9,37 |
|
2. Suppliers group and associated companies |
2.723,00 |
19,03 |
690,90 |
2,31 |
1.780,40 |
6,47 |
|
3. Different creditors |
18,00 |
0,13 |
|
|
|
|
|
4. Staff (pending remunerations) |
127,00 |
0,89 |
93,55 |
0,31 |
62,87 |
0,23 |
|
6. Other debts with Public Administrations |
106,00 |
0,74 |
109,02 |
0,36 |
115,63 |
0,42 |
|
7. Clients pre-payments |
199,00 |
1,39 |
1,42 |
0,00 |
314,33 |
1,14 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
14.309,00 |
100,00 |
29.926,27 |
100,00 |
27.498,22 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in thousands €
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
14.090,00 |
100,00 |
17.781,28 |
99,98 |
23.657,52 |
99,97 |
|
A) Sales |
11.158,00 |
79,19 |
14.654,07 |
82,40 |
22.678,76 |
95,84 |
|
b) Services provided |
2.932,00 |
20,81 |
3.127,21 |
17,58 |
978,76 |
4,14 |
|
2. Variation in stocks of finished goods and work in progress |
-9,00 |
-0,06 |
-429,49 |
-2,42 |
-1.382,81 |
-5,84 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-9.029,00 |
-64,08 |
-9.428,76 |
-53,02 |
-13.752,41 |
-58,12 |
|
b) Raw materials consumed |
-8.126,00 |
-57,67 |
-6.090,78 |
-34,25 |
-7.889,25 |
-33,34 |
|
c) Works carried out for other companies |
-1.118,00 |
-7,93 |
-3.239,74 |
-18,22 |
-5.650,14 |
-23,88 |
|
d) Deterioration on merchandises, raw materials and other supplies |
215,00 |
1,53 |
-98,24 |
-0,55 |
-213,02 |
-0,90 |
|
5. Other operating income |
|
|
2,81 |
0,02 |
6,38 |
0,03 |
|
b) Operating grants included in the exercise result |
|
|
2,81 |
0,02 |
6,38 |
0,03 |
|
6. Labour cost |
-3.056,00 |
-21,69 |
-3.062,78 |
-17,22 |
-3.305,56 |
-13,97 |
|
a) Wages and similar expenses |
-2.351,00 |
-16,69 |
-2.466,89 |
-13,87 |
-2.432,80 |
-10,28 |
|
b) Social costs |
-705,00 |
-5,00 |
-595,89 |
-3,35 |
-872,76 |
-3,69 |
|
7. Other operating costs |
-816,00 |
-5,79 |
-1.224,47 |
-6,89 |
-2.685,72 |
-11,35 |
|
a) External services |
-1.152,00 |
-8,18 |
-1.334,28 |
-7,50 |
-1.872,08 |
-7,91 |
|
b) Taxes |
-12,00 |
-0,09 |
-12,96 |
-0,07 |
-15,05 |
-0,06 |
|
c) Losses, deterioration and variation on business operations
provisions |
348,00 |
2,47 |
122,76 |
0,69 |
-798,59 |
-3,37 |
|
8. Amortization of fixed assets |
-795,00 |
-5,64 |
-1.084,29 |
-6,10 |
-790,45 |
-3,34 |
|
9. Allocation of subventions on non financial investments and other |
12,00 |
0,09 |
12,79 |
0,07 |
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
15,46 |
0,09 |
|
|
|
b) Results for disposals and others |
|
|
15,46 |
0,09 |
|
|
|
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) |
397,00 |
2,82 |
2.582,54 |
14,52 |
1.746,95 |
7,38 |
|
14. Financial income |
15,00 |
0,11 |
1,30 |
0,01 |
14,09 |
0,06 |
|
b) From negotiable values and other financial instruments |
15,00 |
0,11 |
1,30 |
0,01 |
14,09 |
0,06 |
|
b 2) From third parties |
15,00 |
0,11 |
1,30 |
0,01 |
14,09 |
0,06 |
|
15. Financial expenses |
-296,00 |
-2,10 |
-528,52 |
-2,97 |
-412,23 |
-1,74 |
|
a) For debts with associated and affiliated companies |
-240,00 |
-1,70 |
-445,83 |
-2,51 |
-324,52 |
-1,37 |
|
b) For debts with third parties |
-56,00 |
-0,40 |
-82,68 |
-0,46 |
-87,71 |
-0,37 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
|
|
|
|
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-281,00 |
-1,99 |
-527,22 |
-2,96 |
-398,14 |
-1,68 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
116,00 |
0,82 |
2.055,32 |
11,56 |
1.348,81 |
5,70 |
|
20. Taxes on profits |
-486,00 |
-3,45 |
-542,87 |
-3,05 |
-388,88 |
-1,64 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
-370,00 |
-2,63 |
1.512,45 |
8,50 |
959,93 |
4,06 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
-370,00 |
-2,63 |
1.512,45 |
8,50 |
959,93 |
4,06 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in thousands €
|
NET WORTH CHANGES (1/3) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
-370,00 |
1.512,45 |
959,93 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and subventions |
|
|
86,79 |
|
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 |
|
|
-24,30 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
|
62,49 |
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and subventions |
-12,00 |
12,79 |
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
3,00 |
-3,58 |
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
-9,00 |
9,21 |
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
-379,00 |
1.521,66 |
1.022,42 |
Total net worth changes status
Figures given in thousands €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
732,20 |
2.250,04 |
32,33 |
-3.421,79 |
|
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) |
732,20 |
2.250,04 |
32,33 |
-3.421,79 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
132,08 |
1.184,57 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
732,20 |
2.250,04 |
164,41 |
-2.237,22 |
|
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) |
732,20 |
2.250,04 |
164,41 |
-2.237,22 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
959,93 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
732,00 |
2.250,00 |
164,00 |
-1.277,00 |
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
732,00 |
2.250,00 |
164,00 |
-1.277,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
247,00 |
1.277,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
732,00 |
2.250,00 |
411,00 |
|
|
NET WORTH CHANGES ( 3 /3) |
EXERCISE RESULT |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.316,65 |
|
909,42 |
|
|
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) |
1.316,65 |
|
909,42 |
|
|
I. Total recognized income and expenses |
959,93 |
62,49 |
1.022,42 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-1.316,65 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
959,93 |
62,49 |
1.931,84 |
|
|
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) |
959,93 |
62,49 |
1.931,84 |
|
|
I. Total recognized income and expenses |
1.512,45 |
-9,21 |
1.503,24 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-959,93 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.513,00 |
53,00 |
3.435,00 |
|
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
1.513,00 |
53,00 |
3.435,00 |
|
|
I. Total recognized income and expenses |
-370,00 |
-9,00 |
-379,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-1.513,00 |
|
11,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
-370,00 |
44,00 |
3.067,00 |
|
CASH FLOW STATUS
Figures given in thousands €
|
|
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
116,00 |
2.055,32 |
1.348,81 |
|
2. Results adjustments |
716,00 |
1.555,93 |
2.193,83 |
|
a) Amortization of fixed assets (+) |
795,00 |
1.084,29 |
790,45 |
|
b) Value correction for deterioration (+/-) |
65,00 |
|
|
|
c) Change of Provisions (+/-) |
-413,00 |
-24,53 |
1.011,61 |
|
d) Grants allocation (-) |
-12,00 |
-15,60 |
-6,38 |
|
e) Results for decline and disposal of fixed assets (+/-) |
|
-15,46 |
|
|
g) Financial income (-) |
-15,00 |
-1,30 |
-14,09 |
|
f) Financial expenses (+) |
296,00 |
528,52 |
412,23 |
|
3. Changes in current capital |
16.063,00 |
-5.757,24 |
-5.182,64 |
|
a) Stocks (+/-) |
-185,00 |
781,54 |
1.746,96 |
|
b) Debtors and other receivable accounts (+/-) |
14.815,00 |
-4.757,60 |
-6.433,48 |
|
c) Other current assets (+/-) |
-120,00 |
|
14,18 |
|
d) Creditors and other payable accounts (+/-) |
1.553,00 |
-1.781,18 |
-510,30 |
|
4. Other cash flow coming from operating activities |
-620,00 |
-527,22 |
-73,62 |
|
a) Interests payments (-) |
-296,00 |
-528,52 |
-87,71 |
|
c) Interests collections (+) |
15,00 |
1,30 |
14,09 |
|
d) Collections (payments) for profit tax (+/-) |
-339,00 |
|
|
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
16.275,00 |
-2.673,20 |
-1.713,63 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-50,00 |
-175,28 |
-2.508,93 |
|
b) Intangible assets |
|
|
-2,97 |
|
c) Tangible assets |
-50,00 |
-175,28 |
-2.505,96 |
|
7. Disinvestment collections (+) |
|
|
|
|
8. Cash Flow in investment activities (6 + 7) |
-50,00 |
-175,28 |
-2.508,93 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
|
|
10. Financial liabilities instruments collections and payments |
-16.226,00 |
2.848,87 |
4.239,15 |
|
a) Issue |
|
3.106,31 |
4.362,33 |
|
2. Debts with bank entities (+) |
|
|
1.500,00 |
|
3. Debts with group and associated companies (+) |
|
3.106,31 |
2.862,33 |
|
b) Return and amortization of |
-16.226,00 |
-257,44 |
-123,18 |
|
2. Debts with bank entities (-) |
-289,00 |
-257,44 |
-123,18 |
|
3. Debts with group and associated companies (-) |
-15.833,00 |
|
|
|
5. Other debts (-) |
-104,00 |
|
|
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-16.226,00 |
2.848,87 |
4.239,15 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-1,00 |
0,39 |
16,59 |
|
Cash or equivalents at the beginning of the exercise |
22,00 |
22,25 |
5,66 |
|
Cash or equivalents at the end of the exercise |
21,00 |
22,64 |
22,25 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
-2.024,00 |
-150,15 |
4.035,61 |
113,29 |
1.892,11 |
|
Working capital ratio |
-0,14 |
-200,00 |
0,14 |
100,00 |
0,07 |
|
Soundness Ratio |
0,46 |
2,22 |
0,45 |
114,29 |
0,21 |
|
Average Collection Period (days) |
150 |
-64,36 |
421 |
72,57 |
244 |
|
Average Payment Period (days) |
324 |
-45,18 |
590 |
81,02 |
326 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
79,21 |
-35,03 |
121,91 |
9,42 |
111,41 |
|
Quick Ratio (%) |
0,25 |
78,57 |
0,14 |
-6,67 |
0,15 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
42,83 |
-42,77 |
74,84 |
6,81 |
70,07 |
|
External Financing Average Cost |
0,05 |
150,00 |
0,02 |
0,00 |
0,02 |
|
Debt Service Coverage |
0,38 |
104,53 |
-8,38 |
25,44 |
-11,24 |
|
Interest Coverage |
1,34 |
-72,60 |
4,89 |
15,33 |
4,24 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
115,51 |
868,53 |
-15,03 |
-107,60 |
-7,24 |
|
Auto financing generated by Assets (%) |
113,74 |
1.373,68 |
-8,93 |
-43,34 |
-6,23 |
|
Breakdown Point |
1,03 |
-11,97 |
1,17 |
8,33 |
1,08 |
|
Average Sales Volume per Employee |
190,40 |
-12,83 |
218,44 |
-22,64 |
282,38 |
|
Average Cost per Employee |
41,30 |
9,75 |
37,63 |
-4,64 |
39,46 |
|
Assets Turnover |
0,98 |
67,80 |
0,59 |
-31,40 |
0,86 |
|
Inventory Turnover (days) |
72 |
16,28 |
62 |
-1,71 |
63 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,77 |
-67,90 |
8,63 |
35,91 |
6,35 |
|
Operating Profitability (%) |
8,33 |
-32,33 |
12,30 |
33,37 |
9,23 |
|
Return on Equity (ROE) (%) |
3,84 |
-93,68 |
60,78 |
-15,76 |
72,15 |
SECTORIAL ANALYSIS
Balance Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
46,11 |
21,49 |
24,62 |
|
A) CURRENT ASSETS |
53,89 |
78,51 |
-24,62 |
|
LIABILITIES |
|||
|
A) NET WORTH |
21,43 |
44,45 |
-23,02 |
|
B) NON CURRENT LIABILITIES |
10,53 |
8,95 |
1,58 |
|
C) CURRENT LIABILITIES |
68,03 |
46,60 |
21,44 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
99,03 |
0,97 |
|
Other operating income |
|
0,97 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-64,08 |
-68,46 |
4,38 |
|
Variation in stocks of finished goods and work in progress |
-0,06 |
-1,69 |
1,63 |
|
GROSS MARGIN |
35,86 |
29,85 |
6,01 |
|
Other operating costs |
-5,79 |
-9,43 |
3,64 |
|
Labour cost |
-21,69 |
-14,64 |
-7,06 |
|
GROSS OPERATING RESULT |
8,37 |
5,78 |
2,59 |
|
Amortization of fixed assets |
-5,64 |
-1,81 |
-3,83 |
|
Deterioration and result for fixed assets disposal |
|
0,02 |
|
|
Other expenses / income |
|
0,04 |
|
|
NET OPERATING RESULT |
2,82 |
4,02 |
-1,21 |
|
Financial result |
-1,99 |
-0,18 |
-1,81 |
|
RESULT BEFORE TAX |
0,82 |
3,84 |
-3,02 |
|
Taxes on profits |
-3,45 |
-0,71 |
-2,74 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
-2,63 |
3,13 |
-5,76 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
-2,63 |
3,13 |
-5,76 |
|
Amortization of fixed assets |
-5,64 |
-1,81 |
-3,83 |
|
Deterioration and provisions variation |
-1,65 |
-0,57 |
-1,08 |
|
|
4,66 |
5,51 |
-0,85 |
Main Ratios
Figures given in thousands €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-2.024,00 |
1.676.136,78 |
5.505.198,92 |
6.986.000,00 |
|
Working capital ratio |
-0,14 |
0,21 |
0,35 |
0,56 |
|
Soundness Ratio |
0,46 |
1,19 |
2,44 |
3,35 |
|
Average Collection Period (days) |
150 |
73 |
126 |
141 |
|
Average Payment Period (days) |
324 |
62 |
107 |
115 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
79,21 |
170,21 |
238,40 |
274,61 |
|
Quick Ratio (%) |
0,25 |
5,64 |
47,49 |
71,18 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
42,83 |
2,93 |
27,45 |
37,38 |
|
External Financing Average Cost |
0,05 |
0,02 |
0,03 |
0,05 |
|
Debt Service Coverage |
0,38 |
0,00 |
0,99 |
6,74 |
|
Interest Coverage |
1,34 |
0,63 |
17,62 |
41,85 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
115,51 |
2,82 |
6,74 |
11,64 |
|
Auto financing generated by Assets (%) |
113,74 |
3,35 |
5,82 |
16,12 |
|
Breakdown Point |
1,03 |
1,00 |
1,05 |
1,09 |
|
Average Sales Volume per Employee |
190,40 |
207.397,94 |
250.769,79 |
298.049,73 |
|
Average Cost per Employee |
41,30 |
32.194,71 |
42.362,18 |
48.792,08 |
|
Assets Turnover |
0,98 |
0,99 |
1,23 |
1,38 |
|
Inventory Turnover (days) |
72 |
32 |
98 |
200 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,77 |
0,60 |
3,69 |
11,70 |
|
Operating Profitability (%) |
8,33 |
4,22 |
8,65 |
12,76 |
|
Return on Equity (ROE) (%) |
3,84 |
0,18 |
5,17 |
45,21 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
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.