MIRA
INFORM REPORT
|
Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
MARMOLES SOL SOCIEDAD LIMITADA |
|
|
|
|
Registered Office : |
Carretera Al- 8411 (Olula-Macael), Km 1 04860 Olula Del Rio Almerνa |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of wood, construction materials and sanitary equipment |
|
|
|
|
No. of Employees : |
8 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
83.000,00 |
|
Status : |
Good |
|
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 September 30, 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
MARMOLES SOL SOCIEDAD LIMITADA
CIF/NIF: B04046967
Company situation: Active
EXECUTIVE
SUMMARY
Identification
Current Business Name: MARMOLES SOL SOCIEDAD LIMITADA
Other names: YES
Current Address: CARRETERA AL- 8411
(OLULA-MACAEL), KM 1
Branches: 1
Telephone number: 950441742 Fax: 950441724
URL: www.marmolessol.com
Corporate e-mail: info@marmolessol.com
Trade Risk
Credit appraisal: 83.000,00
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2010): 1.232.822,47 (Commercial Registry)
Result: 23.747,59
Total Assets: 1.757.084,84
Share capital: 322.496,60
Employees: 8
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 16/10/1986
Activity: Wholesale of construction materials :
glass
NACE 2009 CODE: 4673
International Operations: Imports and
Exports
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest filed accounts in the Commercial Registry: 2010
Latest act published in BORME: 13/10/2011 Annual Filed Accounts
Latest press article: 19/02/2012 LA VOZ DE
ALMERIA (BRANCHES)
Bank Entities: There are
The date when this report was last updated is 23/02/2012.
The information contained in this report has been investigated and
contrasted on 23/02/2012
TRADE RISK
RATING
Credit appraisal
Maximum Credit
(from 0 to
6,000,000 )
Favourable to 83.000,00
Rating Informa Explication
Financial Situation
The companys financial situation is normal.
The companys financial situation evolution has
been negative.
The sales evolution has been negative
not the results one, which has been stable.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is very
small depending on its sales volume.
The employees evolution has been negative.
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 |
|
21/10/2011 |
Reduction |
15 |
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal actions
ADMINISTRATIVE CLAIMS: No administrative claims
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
20/02/2012 09:02:46
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
|
|
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
01/12/2008 (11) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
600.848,10 |
34,20 |
663.503,79 |
34,28 |
689.183,89 |
32,46 |
|
B) CURRENT ASSETS |
1.156.236,74 |
65,80 |
1.271.822,71 |
65,72 |
1.433.686,77 |
67,54 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
1.323.094,23 |
75,30 |
1.299.346,64 |
67,14 |
1.235.859,42 |
58,22 |
|
B) NON CURRENT LIABILITIES |
198.334,16 |
11,29 |
193.529,79 |
10,00 |
262.980,57 |
12,39 |
|
C) CURRENT LIABILITIES |
235.656,45 |
13,41 |
442.450,07 |
22,86 |
624.030,67 |
29,40 |
Profit and Loss Account Analysis
Figures given in
|
|
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
01/12/2008 (11) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
1.232.822,47 |
|
1.646.371,71 |
|
2.652.768,25 |
|
|
GROSS MARGIN |
426.563,50 |
34,60 |
497.246,13 |
30,20 |
610.763,80 |
23,02 |
|
EBITDA |
93.770,66 |
7,61 |
131.309,46 |
7,98 |
182.071,10 |
6,86 |
|
EBIT |
31.114,97 |
2,52 |
31.751,82 |
1,93 |
120.434,18 |
4,54 |
|
NET RESULT |
23.747,59 |
1,93 |
23.460,62 |
1,42 |
85.063,72 |
3,21 |
|
EFFECTIVE TAX RATE (%) |
25,00 |
0,00 |
25,00 |
0,00 |
25,00 |
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 |
34,20 |
36,98 |
-2,78 |
|
|
|
|
|
A) CURRENT ASSETS |
65,80 |
63,02 |
2,78 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
75,30 |
41,06 |
34,25 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
11,29 |
17,22 |
-5,94 |
|
|
|
|
|
C) CURRENT LIABILITIES |
13,41 |
41,72 |
-28,31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
99,75 |
99,27 |
0,48 |
|
|
|
|
|
GROSS MARGIN |
34,52 |
35,49 |
-0,98 |
|
|
|
|
|
EBITDA |
7,59 |
4,71 |
2,88 |
|
|
|
|
|
EBIT |
2,52 |
1,80 |
0,71 |
|
|
|
|
|
NET RESULT |
1,92 |
0,25 |
1,67 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4673
Number of companies: 2320
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 |
23.747,59 |
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 |
23.747,59 |
Dividends |
0,00 |
|
|
|
Carry over and others |
23.747,59 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
23.747,59 |
ADDRESSES
Current Legal Seat Address:
CARRETERA AL- 8411 (OLULA-MACAEL), KM 1
04860 OLULA
DEL RIO ALMERΝA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE PRADO LLANO (POL. INDUSTRIAL SIERRA
NEVADA), - NAVES 16-18 |
18339 |
CIJUELA |
Granada |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
20/11/1997)
Other Positions : 2 (latest change: 12/12/2007)
Operative Board Members : 3 (latest change: 28/05/2007)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
GARCIA CRUZ, IGNACIO |
20/11/1997 |
|
|
|
|
|
POSITION |
NAME AND SURNAME |
|
Manager |
GARCIA CRUZ, IGNACIO |
|
Financial Manager |
GARCIA SANCHEZ, CARMEN M. |
|
Commercial Director |
GARCIA SANCHEZ, MARIOLA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GARCIA CRUZ IGNACIO |
|
100,00 |
OWN SOURCES |
23/02/2012 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SANCHEZ GARCIA MARIA ANGELES |
|
10,00 |
OWN SOURCES |
23/02/2012 |
POTENTIAL LINKS
Search Criterion: MARMOLES SOL SOCIEDAD LIMITADA
URL: www.marmolessol.com
::: Mαrmoles Sol ::: Mαrmoles y granitos de calidad Mαrmoles
Sol. Mayorista de mαrmoles y granitos en Macael, Almerνa.
URL: www.marmolesdemacael.com
ORGANOS DE GOBIERNO - AEMA | Marmoles de Macael ... CAICEDO
STONE, S.L.. SECRETARIA DΡA. CARMEN Mͺ GARCIA SANCHEZ. MARMOLES SOL, S.L..
TESORERO D. JUAN ORTEGA RODRIGUEZ ...
BUSINESS INFORMATION
Incorporation date: 16/10/1986
Establishment date: 01/01/1986
Founders Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
NACE 2009 CODE: 4673
NACE 2009 Activity: Wholesale of wood, construction materials
and sanitary equipment
Business: COMERCIO AL MAYOR MATERIALES CONSTRUCCION
Activity description: Comercio mayor de granito y marmol.
Latest employees figure: 8 (2012)
% of fixed employees: 100,00%
% of men: 55,56%
% of women: 44,44%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
5 |
4 |
PURCHASES
Imports from: ITALIA,BRASIL
SALES
Exports to: MARRUECOS
El 100% de su cifra de negocio corresponde a ventas
de mercaderνas.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE VALENCIA, S.A. |
1412 |
AVDA. DE RONDA, 75 PORTAL 2 |
MACAEL |
Almerνa |
|
BANCO POPULAR ESPAΡOL, S.A. |
0070 |
GARCIA LORCA 26 |
OLULA DEL RIO |
Almerνa |
FORMER NAMES:
MARMOLES SOL S.A.
Brand name: M MARMOLES SOL (Valid)
Type: JOINT Scope: NATIONAL Date: 30/04/2007
LEGAL STRUCTURE
Constitution Data
Register Date: 16/10/1986
Legal form: Limited Liability Company
Share capital: 322.496,60
Obligation to fill in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE COMMERCIAL REGISTRY)
Acts on activity: 0
Acts on administrators: 5 (Last: 12/12/2007, first:
26/02/1993)
Acts on capital: 4 (Last: 08/03/2011, first:
25/04/2007)
Acts on creation: 0
Acts on filed accounts: 22 (Last: 13/10/2011, first:
11/10/1990)
Acts on identification: 1 (Last: 26/02/1993)
Acts on Information: 7 (Last: 08/03/2011, first:
26/02/1993)
Latest acts in B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2010) |
13/10/2011 |
789582 |
Almerνa |
|
|
|
|
|||
|
Capital enlargement (IA) |
08/03/2011 |
104472 |
Almerνa |
|
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Modification of the Articles of Association |
08/03/2011 |
104472 |
Almerνa |
|
Annual Filed Accounts (2009) |
06/09/2010 |
447842 |
Almerνa |
|
Modification of the Articles of Association |
12/03/2010 |
104992 |
Almerνa |
|
Capital enlargement (IA) |
12/03/2010 |
104992 |
Almerνa |
|
Annual Filed Accounts (2008) |
09/09/2009 |
347795 |
Almerνa |
|
Annual Filed Accounts (2007) |
01/09/2008 |
363358 |
Almerνa |
|
Modification of the Articles of Association |
08/07/2008 |
335894 |
Almerνa |
|
Capital enlargement (IA) |
08/07/2008 |
335894 |
Almerνa |
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 1 (Last: 19/02/2012)
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 0
Latest press article published
19/02/2012 LA VOZ DE ALMERIA (Page 31) BRANCHES
SUN MARBLES, exporter and
distributor of natural stone,
has recently opened new premises in
Granada. With this sum and its third store,
located on the first Macael. A second in
Puebla de Vicar and a third
operating since early this month in Granada with distribution capacity for the entire eastern Andalusia. These new facilities in the Industrial Park of Sierra Nevada, Calle Prado Llano,
ships 16-18 in Cijuela (Granada), are provisions as Cia. plans to open
the store in the industrial area of
Chauchina.
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 21/10/2011.
SITUATION BALANCE-SHEET
Assets
Figures given in
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
01/12/2008 (11) |
% ASSETS |
|
A) NON CURRENT ASSETS |
600.848,10 |
34,20 |
663.503,79 |
34,28 |
689.183,89 |
32,46 |
|
I. Intangible assets |
7.004,68 |
0,40 |
9.402,43 |
0,49 |
7.985,00 |
0,38 |
|
II. Tangible fixed assets |
593.553,58 |
33,78 |
653.811,52 |
33,78 |
680.909,05 |
32,07 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
289,84 |
0,02 |
289,84 |
0,01 |
289,84 |
0,01 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.156.236,74 |
65,80 |
1.271.822,71 |
65,72 |
1.433.686,77 |
67,54 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
581.596,35 |
33,10 |
577.095,15 |
29,82 |
477.845,45 |
22,51 |
|
III. Trade Debtors and other receivable accounts |
475.358,23 |
27,05 |
600.107,24 |
31,01 |
771.444,62 |
36,34 |
|
1. Clients |
471.839,18 |
26,85 |
536.174,73 |
27,70 |
715.049,70 |
33,68 |
|
b) Clients for sales and short term services
rendering |
471.839,18 |
26,85 |
536.174,73 |
27,70 |
715.049,70 |
33,68 |
|
3. Other debtors |
3.519,05 |
0,20 |
63.932,51 |
3,30 |
56.394,92 |
2,66 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
99.282,16 |
5,65 |
94.620,32 |
4,89 |
184.396,70 |
8,69 |
|
TOTAL ASSETS (A + B) |
1.757.084,84 |
100,00 |
1.935.326,50 |
100,00 |
2.122.870,66 |
100,00 |
Net Worth and Liabilities
Figures given in
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
01/12/2008 (11) |
% ASSETS |
|
A) NET WORTH |
1.323.094,23 |
75,30 |
1.299.346,64 |
67,14 |
1.235.859,42 |
58,22 |
|
A-1) Equity |
1.323.094,23 |
75,30 |
1.299.346,64 |
67,14 |
1.235.859,42 |
58,22 |
|
I. Capital |
232.346,60 |
13,22 |
232.346,60 |
12,01 |
192.320,00 |
9,06 |
|
1. Authorized capital |
232.346,60 |
13,22 |
232.346,60 |
12,01 |
192.320,00 |
9,06 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
595.225,37 |
33,88 |
592.879,30 |
30,63 |
584.372,93 |
27,53 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
471.774,67 |
26,85 |
450.660,12 |
23,29 |
374.102,77 |
17,62 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
23.747,59 |
1,35 |
23.460,62 |
1,21 |
85.063,72 |
4,01 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
198.334,16 |
11,29 |
193.529,79 |
10,00 |
262.980,57 |
12,39 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
198.334,16 |
11,29 |
193.529,79 |
10,00 |
262.980,57 |
12,39 |
|
2. Financial leasing creditors |
|
|
1.195,63 |
0,06 |
15.646,41 |
0,74 |
|
3. Other long term debts |
198.334,16 |
11,29 |
192.334,16 |
9,94 |
247.334,16 |
11,65 |
|
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 |
235.656,45 |
13,41 |
442.450,07 |
22,86 |
624.030,67 |
29,40 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
1.182,02 |
0,07 |
14.450,78 |
0,75 |
13.427,24 |
0,63 |
|
2. Financial leasing creditors |
1.182,02 |
0,07 |
14.450,78 |
0,75 |
13.427,24 |
0,63 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
234.474,43 |
13,34 |
427.999,29 |
22,12 |
610.603,43 |
28,76 |
|
1. Suppliers |
214.600,12 |
12,21 |
341.436,24 |
17,64 |
533.365,99 |
25,12 |
|
b) Short term suppliers |
214.600,12 |
12,21 |
341.436,24 |
17,64 |
533.365,99 |
25,12 |
|
2. Other creditors |
19.874,31 |
1,13 |
86.563,05 |
4,47 |
77.237,44 |
3,64 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
1.757.084,84 |
100,00 |
1.935.326,50 |
100,00 |
2.122.870,66 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in
|
|
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
01/12/2008 (11) |
%OPERATING INCOME |
|
1. Net Turnover |
1.232.822,47 |
99,75 |
1.646.371,71 |
100,00 |
2.652.768,25 |
99,71 |
|
2. Variation in stocks of finished goods and work in progress |
-809.314,97 |
-65,48 |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
|
|
-1.149.125,58 |
-69,80 |
-2.049.729,45 |
-77,04 |
|
5. Other operating income |
3.056,00 |
0,25 |
|
|
7.725,00 |
0,29 |
|
6. Labour cost |
-216.887,34 |
-17,55 |
-240.586,76 |
-14,61 |
-261.168,38 |
-9,82 |
|
7. Other operating costs |
-116.605,76 |
-9,44 |
-125.090,85 |
-7,60 |
-167.543,00 |
-6,30 |
|
8. Amortization of fixed assets |
-62.655,69 |
-5,07 |
-99.557,64 |
-6,05 |
-61.636,92 |
-2,32 |
|
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 |
|
|
-231,06 |
-0,01 |
|
|
|
13. Other results |
700,26 |
0,06 |
-28,00 |
0,00 |
18,68 |
0,00 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
31.114,97 |
2,52 |
31.751,82 |
1,93 |
120.434,18 |
4,53 |
|
14. Financial income |
1.193,16 |
0,10 |
3.500,52 |
0,21 |
13.145,90 |
0,49 |
|
b) Other financial income |
1.193,16 |
0,10 |
3.500,52 |
0,21 |
13.145,90 |
0,49 |
|
15. Financial expenses |
-644,68 |
-0,05 |
-3.971,42 |
-0,24 |
-19.560,78 |
-0,74 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
|
|
|
|
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
-601,01 |
-0,02 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
548,48 |
0,04 |
-470,90 |
-0,03 |
-7.015,89 |
-0,26 |
|
C) RESULT BEFORE TAXES (A + B) |
31.663,45 |
2,56 |
31.280,92 |
1,90 |
113.418,29 |
4,26 |
|
20. Taxes on profits |
-7.915,86 |
-0,64 |
-7.820,30 |
-0,48 |
-28.354,57 |
-1,07 |
|
D) EXERCISE RESULT (C + 20) |
23.747,59 |
1,92 |
23.460,62 |
1,42 |
85.063,72 |
3,20 |
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) |
01/12/2008 (11) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
|
23.460,62 |
85.063,72 |
|
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) |
|
23.460,62 |
85.063,72 |
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) |
102.170,00 |
573.302,09 |
274.465,20 |
110.708,41 |
|
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) |
102.170,00 |
573.302,09 |
274.465,20 |
110.708,41 |
|
I. Total recognized income and expenses |
|
|
|
85.063,72 |
|
II. Operations with partners or owners |
90.150,00 |
|
|
|
|
1. Capital Increases |
90.150,00 |
|
|
|
|
III. Other net worth variations |
|
11.070,84 |
99.637,57 |
-110.708,41 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
192.320,00 |
584.372,93 |
374.102,77 |
85.063,72 |
|
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) |
192.320,00 |
584.372,93 |
374.102,77 |
85.063,72 |
|
I. Total recognized income and expenses |
|
|
|
23.460,62 |
|
II. Operations with partners or owners |
40.026,60 |
|
|
|
|
1. Capital Increases |
40.026,60 |
|
|
|
|
III. Other net worth variations |
|
8.506,37 |
76.557,35 |
-85.063,72 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
232.346,60 |
592.879,30 |
450.660,12 |
23.460,62 |
|
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) |
232.346,60 |
592.879,30 |
450.660,12 |
23.460,62 |
|
I. Total recognized income and expenses |
|
|
|
23.747,59 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
2.346,07 |
21.114,55 |
-23.460,62 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
232.346,60 |
595.225,37 |
471.774,67 |
23.747,59 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
1.060.645,70 |
|
||
|
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) |
1.060.645,70 |
|
||
|
I. Total recognized income and expenses |
85.063,72 |
|
||
|
II. Operations with partners or owners |
90.150,00 |
|
||
|
1. Capital Increases |
90.150,00 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.235.859,42 |
|
||
|
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) |
1.235.859,42 |
|
||
|
I. Total recognized income and expenses |
23.460,62 |
|
||
|
II. Operations with partners or owners |
40.026,60 |
|
||
|
1. Capital Increases |
40.026,60 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.299.346,64 |
|
||
|
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) |
1.299.346,64 |
|
||
|
I. Total recognized income and expenses |
23.747,59 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.323.094,23 |
|
||
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
01/12/2008 (11) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
920.580,29 |
11,00 |
829.372,64 |
2,44 |
809.656,10 |
|
Working capital ratio |
0,52 |
20,93 |
0,43 |
13,16 |
0,38 |
|
Soundness Ratio |
2,20 |
12,24 |
1,96 |
9,50 |
1,79 |
|
Average Collection Period (days) |
139 |
5,75 |
131 |
25,43 |
105 |
|
Average Payment Period (days) |
724 |
498,51 |
121 |
22,18 |
99 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
490,64 |
70,69 |
287,45 |
25,11 |
229,75 |
|
Quick Ratio (%) |
42,13 |
96,96 |
21,39 |
-27,61 |
29,55 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
11,36 |
5,67 |
10,75 |
-17,43 |
13,02 |
|
External Financing Average Cost |
0,00 |
-100,00 |
0,02 |
-71,43 |
0,07 |
|
Debt Service Coverage |
2,31 |
36,69 |
1,69 |
-10,11 |
1,88 |
|
Interest Coverage |
48,26 |
503,25 |
8,00 |
29,87 |
6,16 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
7,01 |
-6,16 |
7,47 |
35,08 |
5,53 |
|
Auto financing generated by Assets (%) |
4,92 |
-22,64 |
6,36 |
-7,96 |
6,91 |
|
Breakdown Point |
1,03 |
0,98 |
1,02 |
-2,86 |
1,05 |
|
Average Sales Volume per Employee |
132.847,25 |
-12,93 |
152.583,11 |
-29,31 |
215.847,70 |
|
Average Cost per Employee |
23.371,48 |
4,82 |
22.297,20 |
4,93 |
21.250,48 |
|
Assets Turnover |
0,70 |
-17,65 |
0,85 |
-32,00 |
1,25 |
|
Inventory Turnover (days) |
|
-100,00 |
181 |
115,45 |
84 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
1,77 |
7,93 |
1,64 |
-71,08 |
5,67 |
|
Operating Profitability (%) |
5,34 |
-21,35 |
6,78 |
-20,86 |
8,58 |
|
Return on Equity (ROE) (%) |
2,39 |
-0,83 |
2,41 |
-73,75 |
9,18 |
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 |
34,20 |
36,98 |
-2,78 |
|
A) CURRENT ASSETS |
65,80 |
63,02 |
2,78 |
|
LIABILITIES |
|||
|
A) NET WORTH |
75,30 |
41,06 |
34,25 |
|
B) NON CURRENT LIABILITIES |
11,29 |
17,22 |
-5,94 |
|
C) CURRENT LIABILITIES |
13,41 |
41,72 |
-28,31 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,75 |
99,27 |
0,48 |
|
Other operating income |
0,25 |
0,73 |
-0,48 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
|
-64,98 |
|
|
Variation in stocks of finished goods and work in progress |
-65,48 |
0,47 |
-65,95 |
|
GROSS MARGIN |
34,52 |
35,49 |
-0,97 |
|
Other operating costs |
-9,44 |
-13,48 |
4,04 |
|
Labour cost |
-17,55 |
-17,76 |
0,21 |
|
GROSS OPERATING RESULT |
7,53 |
4,25 |
3,28 |
|
Amortization of fixed assets |
-5,07 |
-3,07 |
-2,00 |
|
Deterioration and result for fixed assets disposal |
|
0,17 |
|
|
Other expenses / income |
|
0,46 |
|
|
NET OPERATING RESULT |
2,52 |
1,80 |
0,72 |
|
Financial result |
0,04 |
-1,35 |
1,39 |
|
RESULT BEFORE TAX |
2,56 |
0,45 |
2,11 |
|
Taxes on profits |
-0,64 |
-0,20 |
-0,44 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,92 |
0,25 |
1,67 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,92 |
0,25 |
1,67 |
|
Amortization of fixed assets |
-5,07 |
-3,07 |
-2,00 |
|
Deterioration and provisions variation |
-5,07 |
0,16 |
-5,24 |
|
|
12,06 |
3,16 |
8,90 |
Main Ratios
Figures given in
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
920.580,29 |
27.769,84 |
126.558,08 |
309.905,00 |
|
Working capital ratio |
0,52 |
0,07 |
0,22 |
0,40 |
|
Soundness Ratio |
2,20 |
0,67 |
1,31 |
2,86 |
|
Average Collection Period (days) |
139 |
48 |
84 |
130 |
|
Average Payment Period (days) |
724 |
80 |
114 |
173 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
490,64 |
112,11 |
150,24 |
228,58 |
|
Quick Ratio (%) |
42,13 |
3,32 |
13,51 |
46,18 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
11,36 |
8,77 |
24,72 |
43,18 |
|
External Financing Average Cost |
0,00 |
0,03 |
0,05 |
0,09 |
|
Debt Service Coverage |
2,31 |
0,00 |
3,45 |
10,14 |
|
Interest Coverage |
48,26 |
0,12 |
1,54 |
4,15 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
7,01 |
1,14 |
3,26 |
6,29 |
|
Auto financing generated by Assets (%) |
4,92 |
1,26 |
3,64 |
6,39 |
|
Breakdown Point |
1,03 |
1,00 |
1,02 |
1,05 |
|
Average Sales Volume per Employee |
132.847,25 |
91.127,58 |
136.042,90 |
195.646,11 |
|
Average Cost per Employee |
23.371,48 |
18.828,18 |
23.529,90 |
29.340,37 |
|
Assets Turnover |
0,70 |
0,74 |
1,09 |
1,53 |
|
Inventory Turnover (days) |
0 |
57 |
124 |
236 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
1,77 |
-0,04 |
2,50 |
4,83 |
|
Operating Profitability (%) |
5,34 |
2,08 |
5,46 |
8,84 |
|
Return on Equity (ROE) (%) |
2,39 |
-2,07 |
3,51 |
9,54 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.06 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.