MIRA INFORM REPORT

 

 

Report Date :           

03.02.2012

 

IDENTIFICATION DETAILS

 

Name :

ADAM ECOTECH SA

 

 

Registered Office :

Carretera Extremadura (Km 25), 28600 Navalcarnero  Madrid

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

20.02.1966

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Other Telecommunication Services

 

 

No. of Employees :

05

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

Payment Behaviour :

Unknown

Litigation :

Clear

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

ADAM ECOTECH SA

CIF/NIF: A28162063

Company situation: Active

 

INFORMATION OF THE REQUEST

  

 Data of your request

 

Registered Name ADAM ECOTECH SOCIEDAD ANONIMA

 Complete Address EXTREMADURA (KM 25), 28

 Request reason cuenta: ES6000810199530001279329

 

 

Answer to the data in your request

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

Other Complementary Information

The bank account number provided has not been possible to confirm if it is correct.(6000810199530001278329).

 

EXECUTIVE SUMMARY

   

Identification

Current Business Name: ADAM ECOTECH SA

Other names:  YES

Current Address:  CARRETERA EXTREMADURA (KM 25)

28600 NAVALCARNERO MADRID 

Telephone number: 918110350 Fax: 918111191

URL:  www.adamecotech.es  

Corporate e-mail:  dcmadrid@adam.es 

 

Financial Information

 

Balance sheet latest sales (2010):  133.689,80 € (Commercial Registry)

Result:  -189.848,14 €

Total Assets: 4.125.766,44 €

Share capital:  1.200.000,00 €

Employees:  5

Listed on a Stock Exchange: NO

  

Commercial Information

 

Incorporation date:  20/02/1966

Activity:  Other telecommunication services

NACE 2009 CODE: 6190

International Operations: No business relationships registered

 

Corporate Structure

 

President: 

 239 5 4 S.L

Parent Company: 

 OGIC INFORMATICA SL

Participations:  1

 

Other Complementary Information

Latest filed accounts in the Commercial Registry: 2010

Latest act published in BORME:  05/05/2011 Re-elections

Latest press article:  05/11/2010 ABC (LEGAL ANNOUNCEMENTS)

Bank Entities:  There are

 

The date when this report was last updated is 31/01/2012.

The information contained in this report has been investigated and contrasted on 31/01/2012

 

 

Financial Situation

 

Exercise:2010

 

Evolution            

 

 

Treasury

Excellent

 

Indebtedness

Very Heavy

 

Profitability

Very Negative

 

Balance

Good

 

 

Performance

 

Incidents

None or Negligible

Business Trajectory

With exceptions

 

 

Rating Explication

 

Financial Situation

•          The company’s financial situation is very unfavourable.

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

•          The sales evolution has been  negative  not the results one, which has been  positive.

Company Structure

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

•          The company’s size is  very 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

13/01/2012

  Equal

4

•          There has been a variation in the risk associated to the activity sector of the company.

 

11/01/2012

  Increase

4

•          New financial statements have been uploaded.

 

14/10/2011

  Increase

3

•          New information has been loaded on our systems.

 

 

INCIDENTS

 

Summary

LEGAL ACTIONS: No legal actions registered

ADMINISTRATIVE CLAIMS: No administrative claims registered

AFFECTED BY: 

2 Company / Companies in Insolvency Proceedings.

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

25/01/2012 09:01:58

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

3.349.130,79

81,18

2.924.791,90

75,14

2.873.820,43

36,71

B) CURRENT ASSETS

776.635,65

18,82

967.481,98

24,86

4.955.509,10

63,29

LIABILITIES

 

 

 

 

 

 

A) NET WORTH

-4.575.036,88

-110,89

-4.385.188,74

-112,66

-3.554.474,56

-45,40

B) NON CURRENT LIABILITIES

8.284.130,78

200,79

 

 

 

 

C) CURRENT LIABILITIES

416.672,54

10,10

8.277.462,62

212,66

11.383.804,09

145,40

 

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

133.689,80

 

181.290,86

 

18.811.211,36

 

GROSS MARGIN

78.086,93

58,41

-42.891,88

-23,66

5.286.790,10

28,10

EBITDA

-428.241,27

-320,32

-688.111,97

-379,56

-8.544.564,86

-45,42

EBIT

12.601,09

9,43

-576.129,76

-317,79

-9.924.072,77

-52,76

NET RESULT

-189.848,14

-142,01

-830.714,18

-458,22

-10.161.382,97

-54,02

EFFECTIVE TAX RATE (%)

 

 

 

 

-0,14

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

81,18

41,70

39,48

A) CURRENT ASSETS

18,82

58,30

-39,48

LIABILITIES

A) NET WORTH

-110,89

44,19

-155,08

B) NON CURRENT LIABILITIES

200,79

16,76

184,03

C) CURRENT LIABILITIES

10,10

39,04

-28,94

 

 

 

 

 

COMPANY

(2010)

 

SECTOR

DIFFERENCE

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

 

 

 

SALES

100,00

95,26

4,73

GROSS MARGIN

58,41

58,64

-0,23

EBITDA

-320,32

6,44

-326,77

EBIT

9,43

3,42

6,01

NET RESULT

-142,01

1,89

-143,90

 

Sector Composition

Compared sector (NACE 2009): 619

Number of companies: 321

Size (sales figure): 0 - 2,800,000.00 Euros

OTHER DATA FROM THE ANNUAL FINANCIAL REPORT

 

 

Results Distribution

Source: annual financial report 2010

Figures given in €

DISTRIBUTION BASE

APPLICATION A

Profit and Loss Account Balance

-189.848,14

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

-189.848,14

Dividends

0,00

 

 

Carry over and others

0,00

 

 

Compensation of previous exercises losses

-189.848,14

 

 

Application total

-189.848,14

 

Facts subsequent to the closing

Source: Annual financial report 2010

En el ejercicio 2011 se ha iniciado la actividad de los servicios de telecomunicaciones consistentes en la prestación de servicios de transmisión de datos como servidor y proveedor de Internet, albergamiento telemático y otros relacionados con esta actividad por lo que los Administradores prevén un incremento sustancial de los ingresos y la obtención de beneficios en el ejercicio y, en consecuencia, una mejora en el equilibrio patrimonial de la Sociedad

 

Company ADDRESSES

 

Business address

Current Legal Seat Address: 

CARRETERA EXTREMADURA (KM 25)

28600 NAVALCARNERO  MADRID

 Former branches

STREET

POSTAL CODE

TOWN

PROVINCE

CARRETERA NACIONAL V (MADRID-EXTREMADURA)

28600

NAVALCARNERO

Madrid

There are 1 former branches registered

 

 

CORPORATE STRUCTURE

  

ADMINISTRATIVE LINKS

 

Summary

 

 

 

 

Distribution of the administration board

 

Governing body : 17 members (latest change: 05/05/2011)

Other Positions : 1 (latest change: 30/03/2009)

Auditor : 1 (latest change: 27/10/2009)

Operative Board Members : 1 (latest change: 27/09/2004)

Non-current positions : 31 (latest change: 30/03/2009)

 

 

  Men (58%)

  Companies (42%)

 

 

Main Board members, Directors and Auditor

Governing body

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

PRESIDENT

239 5 4 S.L

23/10/2008

MANAGING DIRECTOR

VENTURA FERRERO, JAVIER

19/08/1996

MANAGING DIRECTOR

239 50 4A S L

01/08/2000

MANAGING DIRECTOR

239 5 4 SL REPRES PJ VENTURA FERRERO XAVIER

23/07/2004

MANAGING DIRECTOR

239 5 4 SL

23/10/2008

MANAGING DIRECTOR

VENTURA CARDONA, JAVIER

08/07/2010

MEMBER OF THE BOARD

CAMP PUIGDOMENECH, JUAN

13/08/1998

MEMBER OF THE BOARD

239 50 4A SL

01/08/2000

MEMBER OF THE BOARD

CAMP PUIG, DOMENECH JUAN

01/08/2002

 

 

 

 

Auditor

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

AUDITOR

VELAUDIA AUDITORES SL

27/10/2009

There are 19 board members, directors and auditors registered

Board members remuneration

  Source: Annual financial report 2010

  Board members remuneration: 69.261,54 €

 

Functional Managers

POSITION

NAME AND SURNAME

Exports Director

LOPEZ, JULIETA

 

 

FINANCIAL LINKS

  

Direct Shareholders

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

OGIC INFORMATICA SL

B60619913

99,99

COMMERCIAL REGISTRY

29/09/2008

 

ARRIENDOS VENFERCA SA

A08211591

Indef.

COMMERCIAL REGISTRY

31/12/2005

 

INVERSIONES ION SL

B58644055

Indef.

COMMERCIAL REGISTRY

31/12/2005

There are 3 direct financial links through shareholders registered

 

Indirect Shareholders

Majority shareholder of OGIC INFORMATICA SL

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

239 5 4 SL

B58454158

100,00

OWN SOURCES

18/10/2011

 

Former Shareholders

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

ESEO 25 SL (EXTINGUIDA)

B60619921

25,13

COMMERCIAL REGISTRY

31/12/1995

 

OGIC S. L.

B08692683

25,12

COMMERCIAL REGISTRY

31/12/1995

 

CARTONAJES M PETIT SA

A08221236

11,80

COMMERCIAL REGISTRY

31/12/2005

Company with rating inferior to 7

 

Direct Participations

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

ARGENTA SL

B61148854

Indef.

OWN SOURCES

06/07/2010

There are 1 direct financial links through participations registered

  

Former Participations

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

ARGENTA S.L. (EXTINGUIDA)

B08251258

100,00

B.O.R.M.E.

16/08/2001

 

ADAM ECOTECH SA

A28162063

10,00

COMMERCIAL REGISTRY

31/12/2005

Company with rating inferior to 7

 

 

POTENTIAL LINKS

 

Search for Link by Administrator

Search Criterion: ”239 5 4 S.L”

COMPANY

POSITION

PROVINCE

LA PIARA SA

Presidente

 

BARCELONA

 

In case you need more information you can request:Board Members Monitoring

 

Name Search in the Internet

Search Criterion: ”ADAM ECOTECH SOCIEDAD ANONIMA”

URL: www.adamecotech.es

Política de Privacidad - Adam | Soluciones avanzadas de centro de ...  Adam se compromete a que el tratamiento y almacenamiento de todos los datos ... o enviando una notificación fehaciente a Adam ecoTECH, S.A., con domicilio ...

URL: www.adamvozip.es

La empresa Adam ecoTECH Sociedad Anónima es filial de Ogic ...  1 Ene 2011 ... servicios de voz sobre IP, pasarán a ser prestados por la empresa Adam ecoTECH Sociedad Anónima, asumiendo ésta última todos los ...

URL: www.ripe.net

Adam EcoTech, S.A  Adam EcoTech, S.A. Ctra. De Extremadura, Km. 25 28600 Navalcarnero (Madrid) SPAIN. phone: +34918110350 fax: +34918111191 e-mail: joan (dot) ventura ...

 

BUSINESS INFORMATION

 

Constitution

Incorporation date: 20/02/1966

Activity

Activity: Other telecommunication services

NACE 2009 CODE: 6190

NACE 2009 Activity: Other telecommunications activities

Business: LA VENTA DE LOS EXCEDENTES DE ENERGIA ELECTRICA QUE PRODUZCA, EN SU CASO. LA SOCIEDAD, CUMPLIENDO LA PRECEPTIVA NORMATIVA ADMINISTRATIVA.

(Enlargement)SERVICIOS DE TELECOMUNICACIONES Y TRANSMISION DE DATOS DISPONIBLES PARA EL PUBLICO, COMO SERVIDOR Y PROVEEDOR DE INTERNET.

Environmental information: YES (Page 47 - 48)  Annual financial report 2010

 

Employees

Latest employees figure: 5 (2012)

% of fixed employees: 100,00%

% of men: 66,67%

% of women: 33,33%

 

Employees evolution

 

 

 

 Employees distribution

Source: Annual financial report 2009

CATEGORY

AVERAGE NUMBER OF EMPLOYEES

MEN

WOMEN

Distribution by sexes

 

2

1

  

Sales breakdown

•          El 89,72% de su cifra de negocio corresponde a venta de productos.

•          El 10,27% de su cifra de negocio corresponde a prestación de servicios.

 

Banks

ENTITY

BRANCH

ADDRESS

TOWN OR CITY

PROVINCE

BANKIA, S.A.

 

 

 

 

BANCO ESPAŃOL DE CREDITO, S.A.

 

 

 

 

BANCO DE SABADELL, S.A.

 

 

 

 

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

 

 

 

 

BANCO POPULAR ESPAŃOL, S.A.

 

 

 

 

There are 6 bank entities registered

 

 

Brands

FORMER NAMES: 

•          PAPELERA DEL CENTRO S.A.

Brand name: REFOPAK (Valid)

Type: DENOMINATIVE    Scope: NATIONAL    Date: 16/06/2003

Brand name: PACSA (Valid)

Type: DENOMINATIVE    Scope: NATIONAL    Date: 01/02/2003

Brand name: GRISECO (Valid)

Type: DENOMINATIVE    Scope: NATIONAL    Date: 16/06/2002

Brand name: MADERECO (Valid)

Type: DENOMINATIVE    Scope: NATIONAL    Date: 16/06/2002

Brand name: FOLDECO (Valid)

Type: DENOMINATIVE    Scope: NATIONAL    Date: 16/04/2002

There are 7 brands, signs and commercial names

 

LEGAL STRUCTURE

 

Constitution Data

Register Date: 20/02/1966

 

Current structure data

Legal form: Joint-stock Company

Share capital: 1.200.000,00 €

Paid-up capital: 1.200.000,00 €

 

Legal Aspects

Obligation to fill in Financial Statements: YES

Chamber census: YES (2010)

B.O.R.M.E.

(OFFICIAL GAZETTE OF THE COMMERCIAL REGISTRY)

 

Summary

  Acts on activity: 2 (Last: 15/12/2010, first: 09/10/1995)

  Acts on administrators: 66 (Last: 05/05/2011, first: 29/05/1990)

  Acts on capital: 3 (Last: 05/11/2001, first: 05/11/2001)

  Acts on creation: 0

  Acts on filed accounts: 21 (Last: 21/10/2010, first: 29/08/1990)

  Acts on identification: 1 (Last: 07/12/2010)

  Acts on Information: 6 (Last: 12/09/2006, first: 24/10/1990)

 

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

Other acts

ACT

DATE

NOTICE NUM.

COMMERCIAL REGISTRY

Re-elections

05/05/2011

193665

Madrid

Registered activity enlargement

15/12/2010

461745

Madrid

Change of business name

07/12/2010

450118

Madrid

Annual Filed Accounts (2009)

21/10/2010

871550

Madrid

Appointments

01/09/2010

337520

Madrid

Re-elections

08/07/2010

270536

Madrid

Annual Filed Accounts (2008)

28/12/2009

1062535

Madrid

Re-elections

27/10/2009

449170

Madrid

Appointments

30/03/2009

155726

Madrid

Resignations

30/03/2009

155725

Madrid

There are 99 acts registered

 

PRESS ARTICLES

 

Press summary by type of information (last five years)

Legal notices: 1 (Last: 05/11/2010)

Structural Data: 0

Informative data: 0

Financial Information: 0

Negative information: 0

Business lines: 0

Historical press releases: 2 (Last: 25/06/2004, first: 30/06/1995)

 

Latest press article published

 05/11/2010 ABC (Page 64) LEGAL ANNOUNCEMENTS

La Junta Gral. Extraordinaria y Universal de PAPELERA DEL CENTRO SA, celebrada el 22/07/10, acordó por unanimidad ampliar el objeto social con las actividades:  

- Los servicios de telecomunicaciones consistentes en la prestación de servicios de transmisión de datos, proveedor de internet, acceso a base de datos;  

- La admón., explotación, aprovechamiento y utilización de bienes inmuebles.  

Asimismo, La Junta Gral. Extraordinaria y Universal de la sdad., celebrada el 27/10/10 acordó modificar la denominación social por la de ADAM ECOTECH SA. 

 

 25/06/2004 LA RAZON - ENVIRONMENT

LA CONSEJERIA DE MEDIO AMBIENTE Y ORDENACION DEL TERRITORIO ABRIO UN EXPEDIENTE SANCIONADOR CONTRA PAPELERA DEL CENTRO SA, QUE HA CONCLUIDO CON LA IMPOSICION DE UNA MULTA DE 150.000 EUROS Y LA OBLIGACION DE PAGAR UNA INDEMNIZACION POR DAŃOS DE 542.451,15 EUROS, POR LOS DAŃOS CAUSADOS POR EL VERTIDO DE SULFATOS EN UN COLECTOR DEL CANAL DE ISABEL II DE NAVALCARNERO. LA EMPRESA HA IMPLANTADO UN NUEVO PROCESO PARA REDUCIR LA CARGA CONTAMINANTE. 

 

 30/06/1995 EXPANSIÓN - LEGAL ANNOUNCEMENTS

LA JUNTA UNIVERSAL DE ESTA SDAD. DE FECHA 27 DE JUNIO DE 1995, ACORDO, POR UNANIMIDAD, MODIFICAR EL OBJETO SOCIAL, QUE PASA A SER: LA FABRICACION DE PAPEL Y CARTON DE TODAS LAS CLASES Y TIPOS, ASI COMO DE TODOS LOS PRODUCTOS Y ARTICULOS AFINES Y DERIVADOS DE LOS MISMOS Y SUS MATERIAS PRIMAS; PRACTICAR, EN ESPAŃA Y EN OTROS PAISES, EL COMERCIO, INDUSTRIA Y NEGOCIOS RELACIONADOS CON LA POSESION, OPERACION, COMPRA Y VENTA, ALQUILER, CONSERVACION Y OTRAS OPERACIONES, INCLUSO IMPORTACIONES Y EXPORTACIONES, REFERENTES A TODA CLASE DE ARITUCLOS O PRODUCTOS A QUE SE REFIERE EL APARTADO ANTERIOR. 

 

There are 3 press articles registered for this company

 

 

FINANCIAL INFORMATION

The information on the last Individual Filed Accounts contained in this report is extracted from the Commercial Registry file of the legal address of the Company and dated 11/01/2012.

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

3.349.130,79

81,18

2.924.791,90

75,14

2.873.820,43

36,71

I. Intangible assets

855,27

0,02

4.369,71

0,11

157.694,20

2,01

3. Patents, licences , trademarks and similars

 

 

1.029,42

0,03

4.204,31

0,05

5. Software

 

 

3.340,29

0,09

9.951,09

0,13

7. Other intangible assets

 

 

 

 

143.538,80

1,83

II. Tangible fixed assets

3.217.029,51

77,97

2.687.160,55

69,04

2.716.126,23

34,69

1. Property, plant and equipment

 

 

1.244.118,59

31,96

1.252.377,29

16,00

2. Technical fittings and other tangible assets

 

 

1.443.041,96

37,07

1.463.748,94

18,70

III. Real-estate investments

 

 

 

 

 

 

IV. Long term investments in associated and affiliated companies

 

 

 

 

 

 

V. Long Term Financial Investments

131.246,01

3,18

233.261,64

5,99

 

 

5. Other financial assets

 

 

233.261,64

5,99

 

 

VI. Assets by deferred taxes

 

 

 

 

 

 

VII. Non current commercial debts

 

 

 

 

 

 

B) CURRENT ASSETS

776.635,65

18,82

967.481,98

24,86

4.955.509,10

63,29

I. Non-current assets maintained for sale

 

 

 

 

625,80

0,01

II. Stocks

 

 

 

 

252.649,53

3,23

2. Raw material inventory

 

 

 

 

104.114,88

1,33

4. Finished goods

 

 

 

 

148.534,65

1,90

   b) Short production cycle

 

 

 

 

148.534,65

1,90

III. Trade Debtors and other receivable accounts

35.105,26

0,85

38.762,28

1,00

3.896.862,14

49,77

1. Clients

 

 

2.009,02

0,05

3.740.363,87

47,77

   b) Clients for sales and short term services rendering

 

 

2.009,02

0,05

3.740.363,87

47,77

3. Other debts

 

 

 

 

154.706,29

1,98

5. Assets by current taxes

 

 

4.062,19

0,10

1.791,98

0,02

6. Other credits with the Public Administrations

 

 

32.691,07

0,84

 

 

IV. Short term investments in associated and affiliated companies

 

 

 

 

 

 

V. Short term financial investments

101.272,00

2,45

500.883,45

12,87

95.000,00

1,21

3. Debt representative values

 

 

399.611,45

10,27

 

 

5. Other financial assets

 

 

101.272,00

2,60

95.000,00

1,21

VI. Short term periodifications

102.161,99

2,48

11.605,04

0,30

57.204,38

0,73

VII. Cash and equivalents

538.096,40

13,04

416.231,21

10,69

653.167,25

8,34

1. Treasury

 

 

416.231,21

10,69

653.167,25

8,34

TOTAL ASSETS (A + B)

4.125.766,44

100,00

3.892.273,88

100,00

7.829.329,53

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

-4.575.036,88

-110,89

-4.385.188,74

-112,66

-3.554.474,56

-45,40

A-1) Equity

-4.575.036,88

-110,89

-4.385.188,74

-112,66

-3.554.474,56

-45,40

I. Capital

1.200.000,00

29,09

1.200.000,00

30,83

1.200.000,00

15,33

1. Authorized capital

1.200.000,00

29,09

1.200.000,00

30,83

1.200.000,00

15,33

II. Issue premium

 

 

 

 

 

 

III. Reserves

7.830.014,44

189,78

7.830.014,44

201,17

7.830.014,44

100,01

1. Legal and statutory

 

 

240.000,00

6,17

240.000,00

3,07

2. Other funds

 

 

7.590.014,44

195,00

7.590.014,44

96,94

IV. (Net worth own shares and participations)

 

 

 

 

 

 

V. Results from previous years

-13.415.203,18

-325,16

-12.584.489,00

-323,32

-2.423.106,03

-30,95

2. (Prior years losses)

 

 

-12.584.489,00

-323,32

-2.423.106,03

-30,95

VI. Other loans from partners

 

 

 

 

 

 

VII. Exercise Result

-189.848,14

-4,60

-830.714,18

-21,34

-10.161.382,97

-129,79

VIII. (Interim dividend)

 

 

 

 

 

 

IX. Other net worth instruments

 

 

 

 

 

 

A-2) Value changes adjustments

 

 

 

 

 

 

I. Financial assets available for sale

 

 

 

 

 

 

II. Coverage operations

 

 

 

 

 

 

III. Non-current assets and related liabilities, maintained for sale

 

 

 

 

 

 

IV. Conversion differences

 

 

 

 

 

 

V. Other

 

 

 

 

 

 

A-3) Received legacies, grants and subventions

 

 

 

 

 

 

B) NON CURRENT LIABILITIES

8.284.130,78

200,79

 

 

 

 

I. Long term provisions

 

 

 

 

 

 

II. Long term debts

 

 

 

 

 

 

III. Long term debts with associated and affiliated companies

8.284.130,78

200,79

 

 

 

 

IV. Liabilities by deferred taxes

 

 

 

 

 

 

V. Long term periodifications

 

 

 

 

 

 

VI. Non current trade creditors

 

 

 

 

 

 

VII. Long term debts with special characteristics

 

 

 

 

 

 

C) CURRENT LIABILITIES

416.672,54

10,10

8.277.462,62

212,66

11.383.804,09

145,40

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

 

 

 

 

 

 

II. Short term provisions

 

 

 

 

1.316.544,41

16,82

III. Short term debts

6.272,00

0,15

6.272,00

0,16

153.881,93

1,97

2. Debts with bank entities

 

 

 

 

153.881,93

1,97

5. Other financial liabilities

 

 

6.272,00

0,16

 

 

IV. Short term debts with associated and affiliated companies

 

 

8.116.341,77

208,52

8.900.000,00

113,68

V. Trade creditors and other payable accounts

410.400,54

9,95

154.848,85

3,98

1.013.377,75

12,94

1. Suppliers

 

 

31.773,71

0,82

425.316,42

5,43

   b) Short term suppliers

 

 

31.773,71

0,82

425.316,42

5,43

2. Suppliers group and associated companies

 

 

10.560,24

0,27

 

 

3. Different creditors

 

 

29.165,36

0,75

151.065,74

1,93

4. Staff (pending remunerations)

 

 

15.124,70

0,39

84.711,34

1,08

6. Other debts with Public Administrations

 

 

68.224,84

1,75

352.284,25

4,50

VI. Short term periodifications

 

 

 

 

 

 

VII. Short term debts with special characteristics

 

 

 

 

 

 

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

4.125.766,44

100,00

3.892.273,88

100,00

7.829.329,53

100,00

 

PROFIT AND LOSS ACCOUNT

 

Figures given in €

 

31/12/2010

(12)

 

%OPERATING

INCOME

 

31/12/2009

(12)

 

%OPERATING

INCOME

 

31/12/2008

(12)

 

%OPERATING

INCOME

 

A) CONTINUED OPERATIONS

 

 

 

 

 

 

1. Net Turnover

133.689,80

100,00

181.290,86

90,40

18.811.211,36

97,33

A) Sales

 

 

162.666,31

81,11

18.300.766,02

94,69

b) Services provided

 

 

18.624,55

9,29

510.445,34

2,64

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

 

 

-148.534,65

-74,06

-1.189.564,40

-6,15

3. Works for its own assets

 

 

 

 

 

 

4. Supplies

-55.602,87

-41,59

-94.907,24

-47,32

-12.851.625,96

-66,49

b) Raw materials consumed

 

 

-152.257,17

-75,92

-12.393.376,31

-64,12

d) Deterioration on merchandises, raw materials and other supplies

 

 

57.349,93

28,60

-458.249,65

-2,37

5. Other operating income

 

 

19.259,15

9,60

516.769,10

2,67

a) Other incomes

 

 

19.259,15

9,60

516.769,10

2,67

6. Labour cost

-201.919,49

-151,04

-418.714,61

-208,78

-11.000.350,73

-56,91

a) Wages and similar expenses

 

 

-349.138,84

-174,09

-9.752.115,73

-50,46

b) Social costs

 

 

-69.575,77

-34,69

-1.248.235,00

-6,46

7. Other operating costs

-291.465,28

-218,02

-677.452,98

-337,80

-3.430.321,59

-17,75

a) External services

 

 

-504.098,84

-251,36

-3.074.758,96

-15,91

b) Taxes

 

 

-65.372,01

-32,60

-39.553,87

-0,20

c) Losses, deterioration and variation on business operations provisions

 

 

-107.982,13

-53,84

-40.811,26

-0,21

d) Other day to day expenses

 

 

 

 

-275.197,50

-1,42

8. Amortization of fixed assets

-30.816,64

-23,05

-42.336,00

-21,11

-879.376,00

-4,55

9. Allocation of subventions on non financial investments and other

 

 

 

 

 

 

10. Provisions excess

 

 

207.829,18

103,63

 

 

11. Deterioration and result for fixed assets disposal

471.659,00

352,80

367.005,39

183,00

4.929,00

0,03

a) Deteriorations and losses

 

 

-2.878,77

-1,44

-1.071,00

-0,01

b) Results for disposals and others

 

 

369.884,16

184,43

6.000,00

0,03

12. Negative difference of business combinations

 

 

 

 

 

 

13. Other results

-12.943,43

-9,68

30.431,14

15,17

94.256,45

0,49

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

12.601,09

9,43

-576.129,76

-287,27

-9.924.072,77

-51,35

14. Financial income

4.741,92

3,55

13.969,94

6,97

11.855,20

0,06

b) From negotiable values and other financial instruments

 

 

13.969,94

6,97

11.855,20

0,06

   b 2) From third parties

 

 

13.969,94

6,97

11.855,20

0,06

15. Financial expenses

-207.191,15

-154,98

-268.554,36

-133,91

-268.163,13

-1,39

a) For debts with associated and affiliated companies

 

 

-266.512,88

-132,89

-11.693,15

-0,06

b) For debts with third parties

 

 

-2.041,48

-1,02

-256.469,98

-1,33

16. Reasonable value variation on financial instruments

 

 

 

 

 

 

17. Exchange differences

 

 

 

 

4.669,16

0,02

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)

-202.449,23

-151,43

-254.584,42

-126,94

-251.638,77

-1,30

A.3) RESULT BEFORE TAXES (A.1 + A.2)

-189.848,14

-142,01

-830.714,18

-414,22

-10.175.711,54

-52,65

20. Taxes on profits

 

 

 

 

14.328,57

0,07

A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20)

 

 

-830.714,18

-414,22

-10.161.382,97

-52,57

B) DISCONTINUED OPERATIONS

 

 

 

 

 

 

21. Net of taxes exercise result coming from discontinued operations

 

 

 

 

 

 

A.5) EXERCISE RESULT (A.4 + 21)

-189.848,14

-142,01

-830.714,18

-414,22

-10.161.382,97

-52,57

 

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

-189.848,14

-830.714,18

-10.161.382,97

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)

-189.848,14

-830.714,18

-10.161.382,97

 

Total net worth changes status

Figures given in €

NET WORTH CHANGES ( 2 /3)

AUTHORIZED CAPITAL

RESERVES

RESULTS FROM PREVIOUS EXERCISES

EXERCISE RESULT

FINAL ACCOUNT BALANCE OF EXERCISE (2007)

1.200.000,00

7.830.014,44

-1.583.493,37

-839.612,66

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)

1.200.000,00

7.830.014,44

-1.583.493,37

-839.612,66

I. Total recognized income and expenses

 

 

 

-10.161.382,97

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

-839.612,66

839.612,66

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

1.200.000,00

7.830.014,44

-2.423.106,03

-10.161.382,97

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)

1.200.000,00

7.830.014,44

-2.423.106,03

-10.161.382,97

I. Total recognized income and expenses

 

 

 

-830.714,18

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

-10.161.382,97

10.161.382,97

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

1.200.000,00

7.830.014,44

-12.584.489,00

-830.714,18

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)

1.200.000,00

7.830.014,44

-12.584.489,00

-830.714,18

I. Total recognized income and expenses

 

 

 

-189.848,14

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

-830.714,18

830.714,18

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

1.200.000,00

7.830.014,44

-13.415.203,18

-189.848,14

NET WORTH CHANGES ( 3 /3)

TOTAL

 

FINAL ACCOUNT BALANCE OF EXERCISE (2007)

6.606.908,41

 

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)

6.606.908,41

 

I. Total recognized income and expenses

-10.161.382,97

 

II. Operations with partners or owners

 

 

III. Other net worth variations

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

-3.554.474,56

 

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)

-3.554.474,56

 

I. Total recognized income and expenses

-830.714,18

 

II. Operations with partners or owners

 

 

III. Other net worth variations

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

-4.385.188,74

 

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)

-4.385.188,74

 

I. Total recognized income and expenses

-189.848,14

 

II. Operations with partners or owners

 

 

III. Other net worth variations

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

-4.575.036,88

 

 

CASH FLOW STATUS

 

Figures given in €

 

31/12/2009

(12)

 

31/12/2008

(12)

 

A) CASH FLOW COMING FROM OPERATING ACTIVITIES

 

 

1. exercise result before taxes

-830.714,18

-10.175.711,54

2. Results adjustments

775,95

2.025.061,25

a) Amortization of fixed assets (+)

42.336,00

879.376,00

b) Value correction for deterioration (+/-)

-88.726,38

623.650,31

c) Change of Provisions (+/-)

-207.829,18

 

e) Results for decline and disposal of fixed assets (+/-)

2.570,24

-6.000,00

g) Financial income (-)

-13.969,94

-11.855,20

f) Financial expenses (+)

268.554,36

268.163,13

k) Other income and expenses (-/+)

-2.159,15

271.727,01

3. Changes in current capital

2.322.645,61

2.482.880,05

a) Stocks (+/-)

452.236,81

1.668.315,27

b) Debtors and other receivable accounts (+/-)

3.750.117,73

2.482.762,02

c) Other current assets (+/-)

45.599,34

-3.596,84

d) Creditors and other payable accounts (+/-)

-858.528,90

-2.705.947,31

e) Other current liabilities (+/-)

-833.517,73

1.041.346,91

f) Other non-current assets and liabilities (+/-)

-233.261,64

 

4. Other cash flow coming from operating activities

-254.584,42

-241.831,83

a) Interests payments (-)

-268.554,36

-268.163,13

c) Interests collections (+)

13.969,94

12.002,73

d) Collections (payments) for profit tax (+/-)

 

14.328,57

5. Cash flow coming from operating activities (1 + 2 + 3 + 4)

1.238.122,96

-5.909.602,07

B) CASH FLOW COMING FROM INVESTING ACTIVITIES

 

 

6. Investment payments (-)

-9.012.730,16

-2.936.771,70

b) Intangible assets

-129.499,55

-53.346,13

c) Tangible assets

-9.033,64

-57.985,58

e) Other financial assets

-8.874.196,97

-2.823.743,19

f) Non-current assets maintained for sale

 

-1.696,80

7. Disinvestment collections (+)

8.468.939,32

2.885.943,19

c) Tangible assets

 

6.000,00

e) Other financial assets

8.468.313,52

2.878.743,19

f) Non-current assets maintained for sale

625,80

 

h) Other assets

 

1.200,00

8. Cash Flow in investment activities (6 + 7)

-543.790,84

-50.828,51

C) CASH FLOW COMING FROM FINANCING ACTIVITIES

 

 

9. Net worth instruments collections and payments

 

 

10. Financial liabilities instruments collections and payments

-931.268,16

6.587.183,71

a) Issue

222.613,77

8.900.000,00

   3. Debts with group and associated companies (+)

216.341,77

8.900.000,00

   5. Other debts (+)

6.272,00

 

b) Return and amortization of

-1.153.881,93

-2.312.816,29

   2. Debts with bank entities (-)

-153.881,93

-2.312.816,29

   3. Debts with group and associated companies (-)

-1.000.000,00

 

11. Payments for dividends and remunerations of other net worth instruments

 

 

12. Cash Flow in financing activities (9 + 10 + 11)

-931.268,16

6.587.183,71

D) Exchange rate variations effect

 

 

E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D)

-236.936,04

626.753,13

Cash or equivalents at the beginning of the exercise

653.167,25

26.414,12

Cash or equivalents at the end of the exercise

416.231,21

653.167,25

 

RATIOS

 

31/12/2010

(12)

 

CHANGE %

31/12/2009

(12)

 

CHANGE %

31/12/2008

(12)

 

BALANCE RATIOS

Working Capital (€)

359.963,11

104,92

-7.309.980,64

-13,72

-6.428.294,99

Working capital ratio

0,09

104,79

-1,88

-129,27

-0,82

Soundness Ratio

-1,37

8,67

-1,50

-20,97

-1,24

Average Collection Period (days)

95

22,90

77

3,38

75

Average Payment Period (days)

426

-88,96

3.855

1.658,46

219

LIQUIDITY RATIOS

Current Ratio (%)

186,39

1.494,44

11,69

-73,14

43,53

Quick Ratio (%)

153,45

1.284,93

11,08

68,65

6,57

DEBT RATIOS

Borrowing percentage (%)

200,94

-3,71

208,69

80,47

115,64

External Financing Average Cost

0,02

0,00

0,03

0,00

0,03

Debt Service Coverage

-52,13

-894,66

6,56

528,76

-1,53

Interest Coverage

0,06

102,80

-2,14

94,22

-37,01

GENERAL AND ACTIVITIES RATIOS

Auto financing generated by sales (%)

-118,96

-117,42

682,95

2.274,31

-31,42

Auto financing generated by Assets (%)

-3,86

-112,10

31,81

142,14

-75,48

Breakdown Point

1,10

358,33

0,24

-63,64

0,66

Average Sales Volume per Employee

41.778,06

52,10

27.468,31

-82,35

155.606,02

Average Cost per Employee

63.099,84

-0,54

63.441,61

-30,28

90.994,71

Assets Turnover

0,03

-40,00

0,05

-97,92

2,40

Inventory Turnover (days)

 

 

 

-100,00

7

RESULTS RATIOS

Return on Assets (ROA) (%)

0,30

102,09

-14,80

88,32

-126,76

Operating Profitability (%)

12,48

1.088,57

1,05

100,91

-115,46

Return on Equity (ROE) (%)

4,15

-78,09

18,94

-93,38

286,28

 

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

81,18

41,70

39,48

A) CURRENT ASSETS

18,82

58,30

-39,48

LIABILITIES

A) NET WORTH

-110,89

44,19

-155,08

B) NON CURRENT LIABILITIES

200,79

16,76

184,03

C) CURRENT LIABILITIES

10,10

39,04

-28,94

 

Results Analytical Account

Figures given in  %

 

COMPANY

(2010)

 

SECTOR

 

DIFFERENCE

 

Net Turnover

100,00

95,26

4,73

Other operating income

 

4,74

 

OPERATING INCOME

100,00

100,00

0,00

Supplies

-41,59

-42,38

0,79

Variation in stocks of finished goods and work in progress

 

1,02

 

GROSS MARGIN

58,41

58,64

-0,23

Other operating costs

-218,02

-19,46

-198,56

Labour cost

-151,04

-33,02

-118,01

GROSS OPERATING RESULT

-310,64

6,16

-316,79

Amortization of fixed assets

-23,05

-3,08

-19,97

Deterioration and result for fixed assets disposal

352,80

0,03

352,77

Other expenses / income

 

0,31

 

NET OPERATING RESULT

9,43

3,42

6,02

Financial result

-151,43

-0,92

-150,51

RESULT BEFORE TAX

-142,01

2,50

-144,51

Taxes on profits

 

-0,61

 

RESULT COMING FROM CONTINUED OPERATIONS

-142,01

1,89

-143,90

Exercise result coming from discontinued operations net of taxes

 

0,00

 

NET RESULT

-142,01

1,89

-143,90

Amortization of fixed assets

-23,05

-3,08

-19,97

Deterioration and provisions variation

329,75

0,05

329,70

 

-448,71

4,92

-453,63

 

Main Ratios

Figures given in €

 

COMPANY

(2010)

 

PTILE25

 

PTILE50

 

PTILE75

 

BALANCE RATIOS

 

 

 

 

Working Capital (€)

359.963,11

409,46

31.034,36

122.599,84

Working capital ratio

0,09

0,01

0,20

0,38

Soundness Ratio

-1,37

0,56

1,29

2,93

Average Collection Period (days)

95

28

72

130

Average Payment Period (days)

426

64

114

215

LIQUIDITY RATIOS

 

 

 

 

Current Ratio (%)

186,39

102,37

146,62

231,80

Quick Ratio (%)

153,45

10,52

37,49

107,73

DEBT RATIOS

 

 

 

 

Borrowing percentage (%)

200,94

5,76

25,88

44,38

External Financing Average Cost

0,02

0,00

0,04

0,07

Debt Service Coverage

-52,13

0,00

1,84

5,49

Interest Coverage

0,06

0,87

2,37

10,05

GENERAL AND ACTIVITIES RATIOS

 

 

 

 

Auto financing generated by sales (%)

-118,96

1,43

4,98

9,72

Auto financing generated by Assets (%)

-3,86

2,05

6,56

12,24

Breakdown Point

1,10

1,00

1,03

1,07

Average Sales Volume per Employee

41.778,06

44.818,87

67.217,32

106.389,44

Average Cost per Employee

63.099,84

15.211,72

23.850,87

31.995,82

Assets Turnover

0,03

0,78

1,36

2,21

Inventory Turnover (days)

0

0

8

83

RESULTS RATIOS

 

 

 

 

Return on Assets (ROA) (%)

0,30

0,16

3,98

8,14

Operating Profitability (%)

12,48

2,90

7,93

14,46

Return on Equity (ROE) (%)

4,15

0,00

8,62

24,58

 

ADDITIONAL INFORMATION

  

 Consulted Sources

Central Commercial Registry

Mercantile Registrars

Tax Administration / VIES Consultation

Tax Administration / Consultation by NIF

Telephone directory: PÁGINAS AMARILLAS

Telephone directory: PÁGINAS BLANCAS

This company has been consulted was last displayed on 31/01/2012, 25 times in the last quarter and 1.248 total times.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.13

UK Pound

1

Rs.77.85

Euro

1

Rs.64.78

 

 

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.