MIRA
INFORM REPORT
|
Report Date : |
24.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
PROQUIMAC PFC SA |
|
|
|
|
Registered Office : |
Calle Berlin (Pol Ind Can Torrella), 3
-5, 08233 Vacarisses Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Joint stock Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
13 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
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
PROQUIMAC PFC SA
CIF/NIF: A58022765
Company situation: Active
Answer to the data
in your request
In spite of investigations using every source available (public and private), no additional details than those contained in this report are available.
Business Name
The correct registered name is the one indicated in this report. The name included in your enquiry is a previous name.
EXECUTIVE SUMMARY
Identification
Current Business Name: PROQUIMAC PFC SA
Commercial name: PROQUIMAC
Other names: YES
Current Address: CALLE BERLIN (POL IND CAN
TORRELLA), 3 -5
Branches: 1
Telephone number: 938280673 Fax: 938280676
URL: www.proquimac.com
Corporate e-mail: info@proquimac.com
Trade Risk
Incidents: NO
R.A.I.: NO
Financial
Information
Balance sheet latest sales (2011): 5.543.935,69 € (Mercantile Register)
Result: 183.140,4 €
Total Assets: 2.680.063,43 €
Share capital: 60.101,21 €
Employees: 13
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 03/07/1985
Activity: Mfg. of dyes & pigments
NACE 2009 CODE: 2012
International Operations: Imports and
Exports
Corporate
Structure
Administrator:
Other
Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 08/11/2011 Annual Filed Accounts
Latest press article: 22/07/1997 LA
VANGUARDIA (LEGAL ANNOUNCEMENTS)
Bank Entities: There are
The date when this report was last updated is 14/12/2012.
The information contained in this report has been investigated and
contrasted on 14/12/2012
Financial
situation
|
Exercise:2011 |
|
||
|
Immediate
liquidity |
Acceptable |
|
|
|
Indebtedness |
Average |
|
|
|
Profitability |
Good |
|
|
|
Soundness |
Excellent |
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
Rating Explanation
Financial situation
•
The company’s financial situation is good.
•
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 stable.
Performance and Incidences
•
The available information indicates that the company
does not have payment incidences.
•
He have detected no recent legal actions or claims
from the Administration against this company.
Accounts Filing
•
The company files regularly its accounts.
Reasons of the
last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
30/11/2012 |
Reduction |
16 |
•
There has been a change in the formula version. |
|
10/10/2012 |
Increase |
17 |
•
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.
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
12/12/2012 07:12:16
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
Figures given in €
|
|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
64.298,16 |
2,40 |
66.237,83 |
3,21 |
68.243,67 |
3,72 |
|
B) CURRENT ASSETS |
2.615.765,27 |
97,60 |
1.998.475,14 |
96,79 |
1.764.537,95 |
96,28 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
867.463,40 |
32,37 |
684.323,00 |
33,14 |
534.453,05 |
29,16 |
|
B) NON CURRENT LIABILITIES |
|
|
4.578,19 |
0,22 |
9.180,58 |
0,50 |
|
C) CURRENT LIABILITIES |
1.812.600,03 |
67,63 |
1.375.811,78 |
66,63 |
1.289.147,99 |
70,34 |
Profit and loss
account analysis
Figures given in €
|
|
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 |
5.543.935,69 |
|
2.868.847,44 |
|
2.413.278,21 |
|
|
GROSS MARGIN |
1.615.573,09 |
29,14 |
1.281.469,49 |
44,67 |
1.083.837,87 |
44,91 |
|
EBITDA |
245.529,25 |
4,43 |
211.250,11 |
7,36 |
211.221,07 |
8,75 |
|
EBIT |
238.930,11 |
4,31 |
204.026,27 |
7,11 |
199.129,76 |
8,25 |
|
NET RESULT |
183.140,40 |
3,30 |
149.869,95 |
5,22 |
133.564,07 |
5,53 |
|
EFFECTIVE TAX RATE (%) |
30,00 |
0,00 |
21,87 |
0,00 |
30,00 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
2,40 |
25,63 |
-23,23 |
|
|
|
|
|
A) CURRENT ASSETS |
97,60 |
74,37 |
23,23 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
32,37 |
51,54 |
-19,18 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
11,04 |
|
|
|
|
|
|
C) CURRENT LIABILITIES |
67,63 |
37,41 |
30,22 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
99,90 |
0,10 |
|
|
|
|
|
GROSS MARGIN |
29,14 |
43,03 |
-13,89 |
|
|
|
|
|
EBITDA |
4,43 |
2,08 |
2,35 |
|
|
|
|
|
EBIT |
4,31 |
-1,33 |
5,64 |
|
|
|
|
|
NET RESULT |
3,30 |
-2,10 |
5,40 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 2012
Number of companies: 6
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 2011
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
183.140,40 |
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 |
183.140,40 |
|
Total of Amounts to be distributed |
183.140,40 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
183.140,40 |
company ADDRESSES
Current Legal Seat Address:
CALLE BERLIN (POL IND CAN TORRELLA), 3 -5
08233 VACARISSES BARCELONA
Previous Seat Address:
CALLE SOLSONA 42
08227 TERRASSA
BARCELONA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
APARTADO DE CORREOS 477 |
08220 |
TERRASSA |
Barcelona |
There are 1 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 2 members (latest change:
27/04/2011) Other Positions : 2 (latest change: 10/03/2004) Operative Board Members : 4 (latest change: 13/06/2012) Non-current positions : 2 (latest change: 27/04/2011) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
ADMINISTRATOR |
LLOVERAS SERRACANTA, ANGELA |
27/04/2011 |
|
ADMINISTRATOR |
GALI REYES, MARTA |
27/04/2011 |
|
|
|
|
There
are 4 board members, directors and auditors registered
Board members
remuneration
Source: Annual financial report 2011
Board members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
GALI REYES, MARTA |
|
Financial Manager |
GALI REYES, MARTA |
|
Exports Director |
VIDAL, JORDI |
|
Imports Director |
PIQUE TARRAGÓ, GEMMA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GALI REYES MARTA |
|
Indef. |
OWN SOURCES |
13/06/2012 |
|
|
GALI I LLOVERAS GRUP SL. |
B63322374 |
Indef. |
OWN SOURCES |
13/06/2012 |
There are 2 direct financial links through shareholders
registered
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”MARTA GALI REYES”
|
COMPANY |
POSITION |
PROVINCE |
|
PROQUIMAC DISPERSIONS SL |
Administrador |
BARCELONA |
|
PROQUIMAC PFC SA |
Administrador |
BARCELONA |
|
PROQUIMAC COLOR SL |
Apoderado |
BARCELONA |
Search Criterion: ”PROQUIMAC PFC SA”
|
COMPANY FOUND |
PROVINCE |
|
PROQUIMAC COLOR SL |
BARCELONA |
|
PROQUIMAC DISPERSIONS SL |
BARCELONA |
Search Criterion: ”PROQUIMAC PFC SA”
URL: www.proquimac.com
Proquimac Pigments, dyes and dispersions are distributed and manufactured
from PROQUIMAC, colours for all different industries likes paint industry,
plastics industry, ...
URL: es.linkedin.com
JOSEP PIŃA - Espańa | LinkedIn JOSEP PIŃA. Sales Manager Spain en
Proquimac PFC S.A.. Ubicación: Barcelona y alrededores, Espańa; Sector:
Productos químicos ...
URL: empresite.eleconomista.es
INDUSTRIA en VACARISSES BARCELONA. Listado de empresas ... logotipo de
PROQUIMAC PFC SA, Fabricación, compra ... logotipo de PLASTENO SA, Estrusion de
plasticos ... logotipo de INDUSTRIA COSMO PLASTICA SA ...
BUSINESS INFORMATION
Incorporation date: 03/07/1985
Activity: Mfg. of dyes & pigments
NACE 2009 CODE: 2012
NACE 2009 Activity: Manufacture of dyes and pigments
Business: Fabricación, compra, venta, importación y
exportación de materias quimicas
Activity description: Fabricacion de lacas y comercializacion de
pigmentos y colorantes para la industria alimentaria, cosmetica y farmaceutica.
Latest employees figure: 13 (2012)
% of fixed employees: 100,00%
% of men: 38,46%
% of women: 61,54%
Employees
evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Senior management |
2 |
|
|
|
Other managers |
1 |
|
|
|
Administrative employees |
4 |
|
|
|
Sales representatives and similar |
2 |
|
|
|
Non qualified employees |
5 |
|
|
|
Distribution by sexes |
|
5 |
8 |
PURCHASES
Import Percentage: 70%
Imports from: UE Y OTROS PAÍSES
National Distribution: 30%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
GALLOPLAST, S.L. |
NO |
|
PROQUIMAC COLOR,
S.L. |
NO |
There are 2 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
GALLOPLAST SL |
NO |
|
PROQUIMAC COLOR,
S.L. |
NO |
There are 2 Clients
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
0016 |
C RAVAL DE MONTSERRAT 000035 |
TERRASSA |
Barcelona |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
TERRASSA |
|
|
CATALUNYA BANC, S.A. |
|
|
TERRASSA |
|
There are 3 bank entities registered
The bank entity with which it currently operates refuses to provide any
kind of information.
FORMER NAMES:
•
PROQUIMAC FOOD & PHARMA SA.
•
COLORANTES NATURALES SA
LEGAL STRUCTURE
Constitution Data
Register Date: 03/07/1985
Legal form: Joint-stock Company
Share capital: 60.101,21 €
Paid-up capital: 60.101,21 €
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: 0
Acts on administrators: 10 (Last: 27/04/2011, first: 08/01/1993)
Acts on capital: 0
Acts on creation: 0
Acts on filed accounts: 22 (Last: 08/11/2011, first: 30/11/1990)
Acts on identification: 3 (Last: 27/04/2011, first: 30/10/1997)
Acts on Information: 4 (Last: 27/04/2011, first: 08/01/1993)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2010) |
08/11/2011 |
912397 |
Barcelona |
|
Change of business name |
27/04/2011 |
182584 |
Barcelona |
|
Modification of the Articles of Association |
27/04/2011 |
182584 |
Barcelona |
|
Appointments |
27/04/2011 |
182584 |
Barcelona |
|
Annual Filed Accounts (2009) |
25/11/2010 |
1102499 |
Barcelona |
|
Annual Filed Accounts (2008) |
24/11/2009 |
934762 |
Barcelona |
|
Appointments |
01/07/2009 |
296470 |
Barcelona |
|
Annual Filed Accounts (2007) |
28/10/2008 |
969414 |
Barcelona |
|
Annual Filed Accounts (2006) |
03/12/2007 |
1108345 |
Barcelona |
|
Annual Filed Accounts (2005) |
05/01/2007 |
23644 |
Barcelona |
There are 39 acts registered
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: 1 (Last: 22/07/1997)
Latest press
article published
22/07/1997 LA VANGUARDIA - LEGAL ANNOUNCEMENTS
ESTA FIRMA HA TRASLADADO SU DOMICILIO SOCIAL AL TERMINO MUNICIPAL DE
VACARISSES (BARCELONA), C/ BERLIN, 3, POL. IND. CAN TORRELLA.
There are 1 press articles registered for this company
Complementary
Information
Other Complementary Information
Desde ENERO/2004 forma parte del Grupo GALI I LLOVERAS GRUP SL.
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 10/10/2012.
SITUATION
BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
64.298,16 |
2,40 |
66.237,83 |
3,21 |
68.243,67 |
3,72 |
|
I. Intangible assets |
2.400,00 |
0,09 |
|
|
|
|
|
II. Tangible fixed assets |
55.447,99 |
2,07 |
61.384,43 |
2,97 |
63.390,27 |
3,46 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
6.450,17 |
0,24 |
4.853,40 |
0,24 |
4.853,40 |
0,26 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
2.615.765,27 |
97,60 |
1.998.475,14 |
96,79 |
1.764.537,95 |
96,28 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
776.385,82 |
28,97 |
454.951,44 |
22,03 |
243.288,18 |
13,27 |
|
III. Trade Debtors and other receivable accounts |
1.052.318,30 |
39,26 |
743.306,04 |
36,00 |
1.277.856,84 |
69,72 |
|
1. Clients |
1.049.864,50 |
39,17 |
690.564,09 |
33,45 |
1.189.768,77 |
64,92 |
|
b) Clients for sales and short term services
rendering |
1.049.864,50 |
39,17 |
690.564,09 |
33,45 |
1.189.768,77 |
64,92 |
|
3. Other debtors |
2.453,80 |
0,09 |
52.741,95 |
2,55 |
88.088,07 |
4,81 |
|
IV. Short term investments in associated and affiliated companies |
534.498,16 |
19,94 |
642.000,18 |
31,09 |
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
252.562,99 |
9,42 |
158.217,48 |
7,66 |
243.392,93 |
13,28 |
|
TOTAL ASSETS (A + B) |
2.680.063,43 |
100,00 |
2.064.712,97 |
100,00 |
1.832.781,62 |
100,00 |
Net Worth and
Liabilities
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NET WORTH |
867.463,40 |
32,37 |
684.323,00 |
33,14 |
534.453,05 |
29,16 |
|
A-1) Equity |
867.463,40 |
32,37 |
684.323,00 |
33,14 |
534.453,05 |
29,16 |
|
I. Capital |
60.101,21 |
2,24 |
60.101,21 |
2,91 |
60.101,21 |
3,28 |
|
1. Authorized capital |
60.101,21 |
2,24 |
60.101,21 |
2,91 |
60.101,21 |
3,28 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
624.221,79 |
23,29 |
474.351,84 |
22,97 |
340.787,77 |
18,59 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
183.140,40 |
6,83 |
149.869,95 |
7,26 |
133.564,07 |
7,29 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
4.578,19 |
0,22 |
9.180,58 |
0,50 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
4.578,19 |
0,22 |
9.180,58 |
0,50 |
|
2. Financial leasing creditors |
|
|
4.578,19 |
0,22 |
9.180,58 |
0,50 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
1.812.600,03 |
67,63 |
1.375.811,78 |
66,63 |
1.289.147,99 |
70,34 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
12.773,15 |
0,48 |
|
|
137.950,96 |
7,53 |
|
1. Debts with bank entities |
12.773,15 |
0,48 |
|
|
1.331,89 |
0,07 |
|
2. Financial leasing creditors |
|
|
|
|
4.686,08 |
0,26 |
|
3. Other short term debts |
|
|
|
|
131.932,99 |
7,20 |
|
IV. Short term debts with associated and affiliated companies |
610.720,99 |
22,79 |
454.920,61 |
22,03 |
436.215,89 |
23,80 |
|
V. Trade creditors and other payable accounts |
1.189.105,89 |
44,37 |
920.891,17 |
44,60 |
714.981,14 |
39,01 |
|
1. Suppliers |
883.543,88 |
32,97 |
669.906,07 |
32,45 |
580.342,60 |
31,66 |
|
b) Short term suppliers |
883.543,88 |
32,97 |
669.906,07 |
32,45 |
580.342,60 |
31,66 |
|
2. Other creditors |
305.562,01 |
11,40 |
250.985,10 |
12,16 |
134.638,54 |
7,35 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
2.680.063,43 |
100,00 |
2.064.712,97 |
100,00 |
1.832.781,62 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in €
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
5.543.935,69 |
100,00 |
2.868.847,44 |
100,00 |
2.413.278,21 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
17.255,91 |
0,31 |
22.096,90 |
0,77 |
9.269,96 |
0,38 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-3.945.618,51 |
-71,17 |
-1.609.474,85 |
-56,10 |
-1.338.710,30 |
-55,47 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-614.279,20 |
-11,08 |
-567.224,86 |
-19,77 |
-376.368,57 |
-15,60 |
|
7. Other operating costs |
-728.302,56 |
-13,14 |
-502.007,79 |
-17,50 |
-495.895,19 |
-20,55 |
|
8. Amortization of fixed assets |
-6.599,14 |
-0,12 |
-7.223,84 |
-0,25 |
-12.091,31 |
-0,50 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-27.462,08 |
-0,50 |
-986,73 |
-0,03 |
-353,04 |
-0,01 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
238.930,11 |
4,31 |
204.026,27 |
7,11 |
199.129,76 |
8,25 |
|
14. Financial income |
608,84 |
0,01 |
|
|
|
|
|
b) Other financial income |
608,84 |
0,01 |
|
|
|
|
|
15. Financial expenses |
-11.291,19 |
-0,20 |
-6.140,51 |
-0,21 |
-7.420,12 |
-0,31 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
33.381,38 |
0,60 |
-6.072,65 |
-0,21 |
-903,83 |
-0,04 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
22.699,03 |
0,41 |
-12.213,16 |
-0,43 |
-8.323,95 |
-0,34 |
|
C) RESULT BEFORE TAXES (A + B) |
261.629,14 |
4,72 |
191.813,11 |
6,69 |
190.805,81 |
7,91 |
|
20. Taxes on profits |
-78.488,74 |
-1,42 |
-41.943,16 |
-1,46 |
-57.241,74 |
-2,37 |
|
D) EXERCISE RESULT (C + 20) |
183.140,40 |
3,30 |
149.869,95 |
5,22 |
133.564,07 |
5,53 |
NET WORTH CHANGES
STATUS
Status of
recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/2) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
183.140,40 |
149.869,95 |
133.564,07 |
|
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) |
183.140,40 |
149.869,95 |
133.564,07 |
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /2) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
60.101,21 |
239.071,13 |
101.716,64 |
400.888,98 |
|
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) |
60.101,21 |
239.071,13 |
101.716,64 |
400.888,98 |
|
I. Total recognized income and expenses |
|
|
133.564,07 |
133.564,07 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
101.716,64 |
-101.716,64 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
60.101,21 |
340.787,77 |
133.564,07 |
534.453,05 |
|
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) |
60.101,21 |
340.787,77 |
133.564,07 |
534.453,05 |
|
I. Total recognized income and expenses |
|
|
149.869,95 |
149.869,95 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
133.564,07 |
-133.564,07 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
60.101,21 |
474.351,84 |
149.869,95 |
684.323,00 |
|
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) |
60.101,21 |
474.351,84 |
149.869,95 |
684.323,00 |
|
I. Total recognized income and expenses |
|
|
183.140,40 |
183.140,40 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
149.869,95 |
-149.869,95 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
60.101,21 |
624.221,79 |
183.140,40 |
867.463,40 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
803.165,24 |
28,99 |
622.663,36 |
30,98 |
475.389,96 |
|
Working capital ratio |
0,30 |
0,00 |
0,30 |
15,38 |
0,26 |
|
Soundness Ratio |
13,49 |
30,59 |
10,33 |
31,93 |
7,83 |
|
Average Collection Period (days) |
68 |
-26,64 |
93 |
-51,13 |
191 |
|
Average Payment Period (days) |
139 |
-40,95 |
235 |
3,99 |
226 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
144,31 |
-0,65 |
145,26 |
6,12 |
136,88 |
|
Quick Ratio (%) |
13,93 |
21,13 |
11,50 |
-39,09 |
18,88 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
23,26 |
4,49 |
22,26 |
-30,07 |
31,83 |
|
External Financing Average Cost |
0,02 |
100,00 |
0,01 |
0,00 |
0,01 |
|
Debt Service Coverage |
3,29 |
12,29 |
2,92 |
-26,93 |
4,00 |
|
Interest Coverage |
21,16 |
-36,32 |
33,23 |
23,81 |
26,84 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
3,42 |
-37,59 |
5,48 |
-9,27 |
6,04 |
|
Auto financing generated by Assets (%) |
7,08 |
-6,96 |
7,61 |
-4,28 |
7,95 |
|
Breakdown Point |
1,04 |
-2,78 |
1,08 |
-0,92 |
1,09 |
|
Average Sales Volume per Employee |
426.456,59 |
93,25 |
220.680,57 |
-35,99 |
344.754,03 |
|
Average Cost per Employee |
47.252,25 |
8,30 |
43.632,68 |
-18,85 |
53.766,94 |
|
Assets Turnover |
2,07 |
48,92 |
1,39 |
5,30 |
1,32 |
|
Inventory Turnover (days) |
71 |
-30,39 |
102 |
55,49 |
66 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
8,92 |
-9,82 |
9,88 |
-9,11 |
10,86 |
|
Operating Profitability (%) |
9,16 |
-10,46 |
10,23 |
-11,27 |
11,52 |
|
Return on Equity (ROE) (%) |
30,16 |
7,60 |
28,03 |
-21,48 |
35,70 |
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 |
2,40 |
25,63 |
-23,23 |
|
A) CURRENT ASSETS |
97,60 |
74,37 |
23,23 |
|
LIABILITIES |
|||
|
A) NET WORTH |
32,37 |
51,54 |
-19,18 |
|
B) NON CURRENT LIABILITIES |
|
11,04 |
|
|
C) CURRENT LIABILITIES |
67,63 |
37,41 |
30,22 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
99,90 |
0,10 |
|
Other operating income |
|
0,10 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-71,17 |
-56,58 |
-14,59 |
|
Variation in stocks of finished goods and work in progress |
0,31 |
-0,39 |
0,70 |
|
GROSS MARGIN |
29,14 |
43,03 |
-13,89 |
|
Other operating costs |
-13,14 |
-18,37 |
5,23 |
|
Labour cost |
-11,08 |
-26,36 |
15,28 |
|
GROSS OPERATING RESULT |
4,92 |
-1,70 |
6,62 |
|
Amortization of fixed assets |
-0,12 |
-2,50 |
2,38 |
|
Deterioration and result for fixed assets disposal |
|
2,72 |
|
|
Other expenses / income |
|
0,15 |
|
|
NET OPERATING RESULT |
4,31 |
-1,33 |
5,64 |
|
Financial result |
0,41 |
-1,05 |
1,46 |
|
RESULT BEFORE TAX |
4,72 |
-2,38 |
7,10 |
|
Taxes on profits |
-1,42 |
0,28 |
-1,70 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
3,30 |
-2,10 |
5,40 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
3,30 |
-2,10 |
5,40 |
|
Amortization of fixed assets |
-0,12 |
-2,50 |
2,38 |
|
Deterioration and provisions variation |
-0,12 |
-0,91 |
0,79 |
|
|
3,54 |
1,31 |
2,23 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
803.165,24 |
495.393,21 |
1.145.724,11 |
1.945.246,34 |
|
Working capital ratio |
0,30 |
0,15 |
0,33 |
0,57 |
|
Soundness Ratio |
13,49 |
1,22 |
1,82 |
3,48 |
|
Average Collection Period (days) |
68 |
88 |
114 |
154 |
|
Average Payment Period (days) |
139 |
97 |
107 |
117 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
144,31 |
139,07 |
187,12 |
312,28 |
|
Quick Ratio (%) |
13,93 |
8,07 |
18,29 |
68,43 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
23,26 |
8,62 |
21,63 |
29,25 |
|
External Financing Average Cost |
0,02 |
0,04 |
0,07 |
0,11 |
|
Debt Service Coverage |
3,29 |
-3,83 |
4,64 |
8,29 |
|
Interest Coverage |
21,16 |
-13,20 |
1,27 |
3,06 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
3,42 |
-2,78 |
2,01 |
4,15 |
|
Auto financing generated by Assets (%) |
7,08 |
-2,90 |
2,97 |
4,48 |
|
Breakdown Point |
1,04 |
0,94 |
1,02 |
1,04 |
|
Average Sales Volume per Employee |
426.456,59 |
95.840,63 |
165.874,87 |
247.377,73 |
|
Average Cost per Employee |
47.252,25 |
29.821,05 |
41.083,61 |
47.752,91 |
|
Assets Turnover |
2,07 |
0,94 |
1,14 |
1,46 |
|
Inventory Turnover (days) |
71 |
53 |
120 |
208 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
8,92 |
-7,12 |
2,43 |
5,55 |
|
Operating Profitability (%) |
9,16 |
1,56 |
6,84 |
8,42 |
|
Return on Equity (ROE) (%) |
30,16 |
-11,10 |
2,10 |
6,39 |
ADDITIONAL INFORMATION
Consulted Sources
Central Mercantile Register
Mercantile Registrars
Chamber of Commerce / Camerdata
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
BOP
INTERNET
Telephone directory: PÁGINAS AMARILLAS
Telephone directory: PÁGINAS BLANCAS
Telephone directory: QDQ
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.07 |
|
UK Pound |
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.