MIRA INFORM REPORT
|
Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
STOCK PLUS SL |
|
|
|
|
Registered Office : |
Calle Girona, S/N, 43560 La Senia Tarragona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
16.08.1989 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of plastic materials |
|
|
|
|
No. of Employees
: |
25 |
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 |
|
Maximum Credit Limit : |
139.000,00 € |
|
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 – 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
STOCK PLUS SL
CIF/NIF: B43226935
Company situation: Active
Data of your request
Registered Name STOCK PLUS SL
Complete Address C/Girona Sn, P O Box 43 43560
Telephones 902226655
Amount and duration of the credit requested 500000 euros
Request reason MAX CREDIT
Answer to the data in your
request
Other Complementary Information
The fax and telephone number are correct.
Business Name
The registered name indicated in your request is correct.
Address
The subject’s correct address is C/ Girona, s/n 43560 La Senia, Tarragona.
Financial Information
The last filed accounts of the subject presented in the Trade Register
corresponds to the 2009 exercise.
EXECUTIVE SUMMARY
Identification
Current Business Name: STOCK PLUS SL
Other names: YES
Current Address: CALLE GIRONA, S/N
Branches: 3
Telephone number: 977575245 Fax: 977570165
URL: www.stockplus.es
Corporate e-mail: stockplus@stockplus.es
Trade Risk
Credit appraisal: 139.000,00 €
Incidents: NO
R.A.I.: NO
Financial
Information
Latest sales known (2010): 7.105.555,00
€ (Estimated)
Balance sheet latest sales (2009): 6.281.702,87 € (Commercial Registry)
Result: 47.821,72 €
Total Assets: 6.133.250,73 €
Share capital: 300.006,00 €
Employees: 25
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 16/08/1989
Activity: Mfg. of plastic materials
NACE 2009 CODE: 2222
International Operations: Imports and
Exports
Corporate
Structure
Sole Administrator:
Participations: 1
Other
Complementary Information
Latest filed accounts published in the Commercial Registry: 2009
Type of Accounts available at the Commercial Registry: Individuals
Latest act published in BORME: 05/01/2012 Appointments
Latest press article: 10/08/2003 LA
VANGUARDIA (BRANCHES)
Bank Entities: There are
The date when this report was last updated is 26/01/2012.
The information contained in this report has been investigated and
contrasted on 26/01/2012
Credit appraisal
Maximum Credit
(from 0 to
6,000,000 €)
Favourable to 139.000,00 €
Financial Situation
Exercise:2009
|
Treasury |
Good |
|
Indebtedness |
Average |
|
Profitability |
Slight |
|
Balance |
Excellent |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
Rating Explication
Financial Situation
•
The company’s financial situation is normal.
•
The sales evolution has been negative
not the results one, which has been positive.
•
The auditor’s opinion about the latest accounts has
been favourable.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is medium 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 .
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
23/01/2012 09:01:43
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
The shaded amounts in the following financial statements have been converted to the norms established in the PGC2007 derived from RD 1514/2007 and 1515/2007, this way comparatives could be shown with the amounts of exercises initiated from 1/01/08.
Figures given in €
|
|
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
31/12/2007 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
1.905.374,58 |
31,07 |
2.149.611,03 |
28,32 |
2.067.572,12 |
22,08 |
|
B) CURRENT ASSETS |
4.227.876,15 |
68,93 |
5.440.654,24 |
71,68 |
7.296.600,71 |
77,92 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
1.700.855,63 |
27,73 |
1.653.033,91 |
21,78 |
1.608.313,94 |
17,18 |
|
B) NON CURRENT LIABILITIES |
788.599,77 |
12,86 |
1.092.605,78 |
14,39 |
1.124.104,53 |
12,00 |
|
C) CURRENT LIABILITIES |
3.643.795,33 |
59,41 |
4.844.625,58 |
63,83 |
6.631.754,36 |
70,82 |
Profit and Loss
Account Analysis
Figures given in €
|
|
2010 ESTIMATED |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
7.105.555,00 |
6.281.702,87 |
|
11.542.448,78 |
|
|
GROSS MARGIN |
|
2.464.463,13 |
39,23 |
3.319.513,45 |
28,76 |
|
EBITDA |
|
528.828,36 |
8,42 |
705.998,45 |
6,12 |
|
EBIT |
|
247.132,33 |
3,93 |
377.988,44 |
3,27 |
|
NET RESULT |
|
47.821,72 |
0,76 |
44.719,98 |
0,39 |
|
EFFECTIVE TAX RATE (%) |
|
30,00 |
0,00 |
30,00 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
31,07 |
49,93 |
-18,87 |
|
A) CURRENT ASSETS |
68,93 |
50,07 |
18,87 |
|
LIABILITIES |
|||
|
A) NET WORTH |
27,73 |
41,32 |
-13,59 |
|
B) NON CURRENT LIABILITIES |
12,86 |
24,10 |
-11,24 |
|
C) CURRENT LIABILITIES |
59,41 |
34,58 |
24,83 |
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
99,80 |
98,92 |
0,88 |
|
GROSS MARGIN |
39,15 |
45,70 |
-6,54 |
|
EBITDA |
8,40 |
10,67 |
-2,27 |
|
EBIT |
3,93 |
4,86 |
-0,94 |
|
NET RESULT |
0,76 |
2,33 |
-1,57 |
Sector Composition
Compared sector (NACE 2009): 2222
Number of companies: 65
Size (Sales Figure): 2,800,000.00 - 7,000,000.00 Euros
OTHER DATA FROM
THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2009
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss |
47.821,72 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Voluntary Reserve |
47.821,72 |
|
Voluntary reserves |
0,00 |
Prior years losses |
0,00 |
|
Reserves |
0,00 |
Carry over |
0,00 |
|
Other concepts |
0,00 |
Other funds |
0,00 |
|
Total of Amounts to be distributed |
47.821,72 |
Dividends |
0,00 |
|
|
|
Other Applications |
0,00 |
Auditing
Source: filing of annual financial statement 2009
Auditors’ opinion: FAVOURABLE
Auditor: ASENSIO Y ASOCIADOS AUDITORES CONSULTORES S.L.
Auditing fees: 9.140,00 €
Facts subsequent
to the closing
Source: Annual financial report 2009
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
company
ADDRESSES
Current Legal Seat Address:
CALLE GIRONA, S/N
43560 LA
SENIA TARRAGONA
Characteristics of
the current address
Type of establishment: office,factory
Owners: owned; with no official confirmation
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE DE SICANIA, 25 |
43560 |
LA SENIA |
Tarragona |
|
PARTIDA PLA BASSA, S/N |
43560 |
LA SENIA |
Tarragona |
|
CARRETERA SANTA BARBARA |
43560 |
LA SENIA |
Tarragona |
There
are 3 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
11/09/1997)
Other Positions : 2 (latest change: 27/12/2000)
Auditor : 1 (latest change: 20/12/2011)
Operative Board Members : 6 (latest change: 18/05/2011)
Non-current positions : 3 (latest change: 28/10/1993)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
GASCO CUARTIELLA, DAVID |
11/09/1997 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
ASENSIO Y ASOCIADOS AUDITORES CONSULTORES SOCIEDAD |
20/12/2011 |
There are 4 board members, directors and auditors registered
Board members remuneration
Source: Annual financial report 2009
Board members remuneration: 84.304,08 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
GASCO CUARTIELLA, DAVID |
|
Financial Manager |
GASCO CUARTIELLA, JUAN VICENTE |
|
Human Resources Director |
GASCO CUARTIELLA, JUAN VICENTE |
|
Commercial Director |
GASCO CUARTIELLA, SANTIAGO |
|
Marketing Director |
GASCO CUARTIELLA, SANTIAGO |
|
IT Director |
BRIONES CABALLERO, YOLANDA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GASCO CUARTIELLA DAVID |
|
33,33 |
OWN SOURCES |
19/05/2011 |
|
|
GASCO CUARTIELLA SANTIAGO |
|
33,33 |
OWN SOURCES |
19/05/2011 |
|
|
GASCO CUARTIELLA JUAN VICENTE |
|
33,33 |
OWN SOURCES |
19/05/2011 |
There are 3 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
BRIONES CABALLERO YOLANDA |
|
16,66 |
OWN SOURCES |
07/03/2008 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
LA CAÑADA TOCHOSA SA |
A46072948 |
0,01 |
OWN SOURCES |
27/11/2009 |
There are 1 direct financial links through participations
registered
Company
with rating inferior to 7
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”DAVID GASCO CUARTIELLA”
|
COMPANY |
POSITION |
PROVINCE |
|
PACK SHOP SL |
Administrador Único |
CASTELLON |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”STOCK PLUS SL”
URL: www.stockplus.es
StockPLus... A different style. StockPlus... A different style. Empresa
con 20 años de experiencia en el embalaje. Somos especialistas en la
manipulación y transformación o fabricación de ...
URL: www.stockplus.es
Solicitar más información - Banner Información: Stock Plus, s.l..
Escriba su nombre y apellidos: Dirección de e-mail: Tema del mensaje: Escriba
su mensaje: Enviar una copia de este mensaje a su ...
BUSINESS INFORMATION
Incorporation date: 16/08/1989
Establishment date: 01/01/1989
Founder’s Name: LA TITULAR
Activity: Mfg. of plastic materials
NACE 2009 CODE: 2222
NACE 2009 Activity: Manufacture of plastic packing goods
Business: COMERCIALIZACION DE PRODUCTOS PARA EL EMBALAJE,
COLAS Y ADHESIVOS EN GENERAL Y LA MANIPULACION DE LOS MISMOS.
Activity description: FABRICACION Y COMERCIALIZACION DE FILM Y
PRODUCTOS PARA EL EMBALAJE, COLAS Y ADHESIVOS EN GENERAL Y LA MANIPULACION DE
LOS MISMOS.
Latest employees figure: 25 (2012)
% of fixed employees: 93,10%
% of temporary employees: 6,90%
% of men: 100,00%
Employees
evolution
|
|
|
|
Source: Annual financial report 2009
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Members of the board |
1 |
|
|
|
Other managers |
4 |
|
|
|
Administrative employees |
|
3 |
|
|
Sales representatives and similar |
8 |
|
|
|
Other qualified employees |
2 |
1 |
|
|
Non qualified employees |
6 |
5 |
|
PURCHASES
Imports from: UE
SALES
Export Percentage: 1%
Exports to: UE
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
|
|
LA SENIA |
|
|
BANCO POPULAR ESPAÑOL, S.A. |
|
|
LA SENIA |
|
|
CAIXABANK, S.A. |
|
|
LA SENIA |
|
|
BANKIA, S.A. |
|
|
TORTOSA |
|
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
VINAROT |
|
There are 5 bank entities registered
Discount facilities: 0
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Credit policy |
Granted limit:1.280.000,00 € Used limit:765.058,00 € Available limit:514.942,00
€ Source: Filed
Accounts (2009) |
There are 1 bank operations registered
FORMER NAMES:
•
STOCK INFORMATICA SOCIEDAD LIMITADA.
Brand name: CREAMOS SOLUCIONES STOCKY (Valid)
Type: JOINT Scope: NATIONAL Date: 18/07/2002
Brand name: STOCK (Valid)
Type: JOINT Scope: NATIONAL Date: 18/07/2002
There are 8 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 16/08/1989
Legal form: Limited Liability Company
Share capital: 300.006,00 €
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: 1 (Last: 04/07/1995)
Acts on administrators: 9 (Last: 05/01/2012, first:
28/10/1993)
Acts on capital: 5 (Last: 25/04/2001, first:
07/01/1994)
Acts on creation: 0
Acts on filed accounts: 20 (Last: 14/10/2010, first:
02/12/1991)
Acts on identification: 1 (Last: 04/07/1995)
Acts on Information: 2 (Last: 11/09/1997, first:
28/10/1993)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Appointments |
05/01/2012 |
7613 |
Tarragona |
|
Officially cancelling of an appointment |
05/01/2012 |
7613 |
Tarragona |
|
Re-elections |
13/11/2008 |
521246 |
Tarragona |
|
Appointments |
23/03/2005 |
136514 |
Tarragona |
|
Capital reduction (IA) |
25/04/2001 |
173266 |
Tarragona |
|
Capital reduction (IA) |
25/04/2001 |
173266 |
Tarragona |
|
Appointments |
27/12/2000 |
451925 |
Tarragona |
|
Capital enlargement (IA) |
25/05/1999 |
186770 |
Tarragona |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2009) |
14/10/2010 |
829424 |
Tarragona |
|
Annual Filed Accounts (2009) |
08/10/2010 |
787606 |
Valencia |
|
Annual Filed Accounts (2008) |
23/11/2009 |
921548 |
Tarragona |
There are 38 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: 10/08/2003)
Latest press
article published
10/08/2003 LA VANGUARDIA - BRANCHES
LA EMPRESA STOCK PLUS, ESPECIALIZADA EN LA FABRICACION DE MATERIALES DE
EMBALAJE, PREVE INVERTIR 3 MM. DE EUROS EN LA CONSTRUCCION DE UNA NUEVA PLANTA
EN ULLDECOMA, EN UN TERRENO DE 65.000 METROS CUADRADOS, DE LOS CUALES 40.000 SE
DESTINARAN A LA CONSTRUCCION DE LA NUEVA PLANTA. LA CIA. PREVE AMPLIAR CARA AL
FUTURO SUS INSTALACIONES PARA PODER EXPORTAR DESDE ULLDECONSA A LOS PAISES DE
LA UNION EUROPEA. STOCK PLUS, QUE EMPLEA A 45 PERSONAS, DISTRIBUYE ACTUALMENTE
SUS PRODUCTOS EN CATALUNYA, COMUNIDAD VALENCIANA, MADRID Y ZARAGOZA, Y EXPORTA
A ITALIA, PORTUGAL, FRANCIA Y ALEMANIA. EN EL AÑO 2002 LA EMPRESA FACTURO MAS
DE 5,4 MM. DE EUROS.
There are 1 press articles registered for this company
Complementary
Information
Financial Information
El balance cerrado a 31/12/2009 (Deposito 2009) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
El balance cerrado a 31/12/2008 (Deposito 2008) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this report is extracted from the Commercial Registry file of the legal address of the Company and dated 29/10/2010.
The shaded amounts in the following financial statements have been converted to the norms established in the PGC2007 derived from RD 1514/2007 and 1515/2007, this way comparatives could be shown with the amounts of exercises initiated from 1/01/08.
This theoretical conversion exercise has been carried out from the financial statements contained in the accounting information presented on the Commercial Registry, and elaborated under the accounting norms and principles collected in PGC90 derived from RD 1643/1990, not taking into account any other type of information; for this reason the conversion exercise could include certain inaccuracies.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
1.905.374,58 |
31,07 |
2.149.611,03 |
28,32 |
2.067.572,12 |
22,08 |
|
I. Intangible assets |
351,36 |
0,01 |
722,52 |
0,01 |
1.366,62 |
0,01 |
|
7. Other intangible assets |
351,36 |
0,01 |
722,52 |
0,01 |
|
|
|
II. Tangible fixed assets |
1.608.660,88 |
26,23 |
1.864.226,17 |
24,56 |
1.852.476,08 |
19,78 |
|
1. Property, plant and equipment |
|
|
1.864.226,17 |
24,56 |
|
|
|
2. Technical fittings and other tangible assets |
1.608.660,88 |
26,23 |
|
|
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
267.281,88 |
3,52 |
213.729,42 |
2,28 |
|
6. Other investments |
|
|
267.281,88 |
3,52 |
|
|
|
V. Long Term Financial Investments |
296.362,34 |
4,83 |
17.380,46 |
0,23 |
|
|
|
6. Other investments |
296.362,34 |
4,83 |
17.380,46 |
0,23 |
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
4.227.876,15 |
68,93 |
5.440.654,24 |
71,68 |
7.296.600,71 |
77,92 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
2.157.914,80 |
35,18 |
2.434.298,75 |
32,07 |
1.560.937,39 |
16,67 |
|
2. Raw material inventory |
2.157.914,80 |
35,18 |
|
|
|
|
|
3. Work in Progress |
|
|
2.434.298,75 |
32,07 |
|
|
|
b) Short production cycle |
|
|
2.434.298,75 |
32,07 |
|
|
|
III. Trade Debtors and other receivable accounts |
1.859.669,69 |
30,32 |
2.583.750,76 |
34,04 |
4.532.469,57 |
48,40 |
|
3. Other debts |
1.859.669,69 |
30,32 |
2.583.750,76 |
34,04 |
|
|
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
100.183,00 |
1,07 |
|
V. Short term financial investments |
3.183,00 |
0,05 |
3.183,00 |
0,04 |
|
|
|
6. Other investments |
3.183,00 |
0,05 |
3.183,00 |
0,04 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
207.108,66 |
3,38 |
419.421,73 |
5,53 |
1.103.010,75 |
11,78 |
|
2. Other cash equivalents |
207.108,66 |
3,38 |
419.421,73 |
5,53 |
|
|
|
TOTAL ASSETS (A + B) |
6.133.250,73 |
100,00 |
7.590.265,27 |
100,00 |
9.364.172,83 |
100,00 |
Alerts associated to the conversion to PGC2007
The
Valuation norms applicable to financial instruments have changed substantially and,
for this reason, the conversion of financial statements of the formulation
exercise of the accounts to PGC2007 could include notable inaccuracies. In the
conversion process there could not be determined effectively if Financial Fixed
Assets correspond or not with investments in associated and affiliated
companies, for this reason there has been decided to determine that they
correspond with Long term investments in associated and affiliated companies.
Net Worth and
Liabilities
Figures given in €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NET WORTH |
1.700.855,63 |
27,73 |
1.653.033,91 |
21,78 |
1.608.313,94 |
17,18 |
|
A-1) Equity |
1.700.855,63 |
27,73 |
1.653.033,91 |
21,78 |
1.608.313,94 |
17,18 |
|
I. Capital |
300.006,00 |
4,89 |
300.006,00 |
3,95 |
300.006,00 |
3,20 |
|
1. Authorized capital |
300.006,00 |
4,89 |
300.006,00 |
3,95 |
300.006,00 |
3,20 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
1.353.027,91 |
22,06 |
1.308.307,93 |
17,24 |
1.114.878,91 |
11,91 |
|
2. Other funds |
1.353.027,91 |
22,06 |
1.308.307,93 |
17,24 |
|
|
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
47.821,72 |
0,78 |
44.719,98 |
0,59 |
193.429,03 |
2,07 |
|
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 |
788.599,77 |
12,86 |
1.092.605,78 |
14,39 |
1.124.104,53 |
12,00 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
788.599,77 |
12,86 |
1.092.605,78 |
14,39 |
|
|
|
2. Debts with bank entities |
702.201,70 |
11,45 |
1.092.605,78 |
14,39 |
|
|
|
5. Other financial liabilities |
86.398,07 |
1,41 |
|
|
|
|
|
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 |
3.643.795,33 |
59,41 |
4.844.625,58 |
63,83 |
6.631.754,36 |
70,82 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
1.691.188,66 |
27,57 |
2.393.624,99 |
31,54 |
|
|
|
2. Debts with bank entities |
1.691.188,66 |
27,57 |
2.393.624,99 |
31,54 |
|
|
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
1.952.606,67 |
31,84 |
2.451.000,59 |
32,29 |
|
|
|
1. Suppliers |
1.952.606,67 |
31,84 |
2.451.000,59 |
32,29 |
|
|
|
b) Short term suppliers |
1.952.606,67 |
31,84 |
2.451.000,59 |
32,29 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
6.133.250,73 |
100,00 |
7.590.265,27 |
100,00 |
9.364.172,83 |
100,00 |
Alerts associated to the conversion to PGC2007
The
Valuation norms applicable to “Long Term Creditors” have changed substantially and,
for this reason, the conversion of financial statements of the formulation
exercise of the accounts to PGC2007 could include notable inaccuracies.
The
Valuation norms applicable to “Short Term Creditors” have changed and, for this
reason, the conversion of financial statements of the formulation exercise of
the accounts to PGC2007 could include notable inaccuracies.
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
31/12/2007 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
6.281.702,87 |
99,80 |
11.542.448,78 |
99,80 |
15.662.385,05 |
99,73 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
876.501,85 |
7,58 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-3.829.774,22 |
-60,85 |
-9.122.288,00 |
-78,88 |
-12.464.152,84 |
-79,37 |
|
5. Other operating income |
12.534,48 |
0,20 |
22.850,82 |
0,20 |
41.879,25 |
0,27 |
|
6. Labour cost |
-1.121.996,65 |
-17,83 |
-1.369.191,31 |
-11,84 |
-1.161.643,99 |
-7,40 |
|
7. Other operating costs |
-814.929,25 |
-12,95 |
-1.244.323,69 |
-10,76 |
-1.175.499,83 |
-7,49 |
|
8. Amortization of fixed assets |
-331.769,93 |
-5,27 |
-336.803,13 |
-2,91 |
-348.689,02 |
-2,22 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
50.073,90 |
0,80 |
8.793,12 |
0,08 |
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
1.291,13 |
0,02 |
|
|
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
247.132,33 |
3,93 |
377.988,44 |
3,27 |
554.278,62 |
3,53 |
|
14. Financial income |
3.183,91 |
0,05 |
7.005,85 |
0,06 |
72.260,15 |
0,46 |
|
b) Other financial income |
3.183,91 |
0,05 |
7.005,85 |
0,06 |
72.260,15 |
0,46 |
|
15. Financial expenses |
-182.047,64 |
-2,89 |
-348.051,44 |
-3,01 |
-374.334,24 |
-2,38 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
48,14 |
0,00 |
26.942,84 |
0,23 |
34.356,99 |
0,22 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-178.815,59 |
-2,84 |
-314.102,75 |
-2,72 |
-267.717,10 |
-1,70 |
|
C) RESULT BEFORE TAXES (A + B) |
68.316,74 |
1,09 |
63.885,69 |
0,55 |
286.561,52 |
1,82 |
|
20. Taxes on profits |
-20.495,02 |
-0,33 |
-19.165,71 |
-0,17 |
-93.132,49 |
-0,59 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
D) EXERCISE RESULT (C + 20) |
47.821,72 |
0,76 |
44.719,98 |
0,39 |
193.429,03 |
1,23 |
Alerts associated to the conversion to PGC2007
Valuation
norms applicable to Financial instruments collected in PGC2007 present notable
changes with respect to PGC90. As a consequence, the conversion of the financial
statements of the accounts to PGC2007, carried out considering mainly
classification changes in the accounts might contain certain inaccuracies.
NET WORTH CHANGES STATUS
Status of
recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/2) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
|
44.719,98 |
|
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) |
|
|
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /2) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
300.006,00 |
1.114.878,91 |
193.429,02 |
1.608.313,93 |
|
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) |
300.006,00 |
1.114.878,91 |
193.429,02 |
1.608.313,93 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
193.429,02 |
-193.429,02 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
300.006,00 |
1.308.307,93 |
44.719,98 |
1.653.033,91 |
|
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) |
300.006,00 |
1.308.307,93 |
44.719,98 |
1.653.033,91 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
44.719,98 |
-44.719,98 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
300.006,00 |
1.353.027,91 |
47.821,72 |
1.700.855,63 |
CASH FLOW STATUS
Figures given in €
|
|
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
1. exercise result before taxes |
63.885,69 |
|
2. Results adjustments |
|
|
3. Changes in current capital |
|
|
4. Other cash flow coming from operating activities |
|
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
|
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
6. Investment payments (-) |
|
|
7. Disinvestment collections (+) |
|
|
8. Cash Flow in investment activities (6 + 7) |
|
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
9. Net worth instruments collections and payments |
|
|
10. Financial liabilities instruments collections and payments |
|
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
|
|
D) Exchange rate variations effect |
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
|
|
Cash or equivalents at the beginning of the exercise |
|
|
Cash or equivalents at the end of the exercise |
|
RATIOS
|
|
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
584.080,82 |
-2,00 |
596.028,66 |
-10,35 |
664.846,35 |
|
Working capital ratio |
0,10 |
25,00 |
0,08 |
14,29 |
0,07 |
|
Soundness Ratio |
0,89 |
15,58 |
0,77 |
-1,28 |
0,78 |
|
Average Collection Period (days) |
107 |
32,14 |
81 |
-22,49 |
104 |
|
Average Payment Period (days) |
151 |
77,97 |
85 |
|
|
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
116,03 |
3,32 |
112,30 |
2,06 |
110,02 |
|
Quick Ratio (%) |
5,77 |
-33,83 |
8,72 |
-47,56 |
16,63 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
40,43 |
-11,97 |
45,93 |
|
|
|
External Financing Average Cost |
0,07 |
-30,00 |
0,10 |
|
|
|
Debt Service Coverage |
6,53 |
-28,56 |
9,14 |
|
|
|
Interest Coverage |
1,36 |
24,77 |
1,09 |
-26,35 |
1,48 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
6,04 |
82,48 |
3,30 |
-4,34 |
3,46 |
|
Auto financing generated by Assets (%) |
6,19 |
23,06 |
5,03 |
-13,13 |
5,79 |
|
Breakdown Point |
1,04 |
0,97 |
1,03 |
-0,96 |
1,04 |
|
Average Sales Volume per Employee |
215.791,92 |
-6,22 |
230.112,61 |
-26,54 |
313.247,70 |
|
Average Cost per Employee |
38.543,34 |
41,20 |
27.296,48 |
17,49 |
23.232,88 |
|
Assets Turnover |
1,02 |
-32,89 |
1,52 |
-8,98 |
1,67 |
|
Inventory Turnover (days) |
203 |
110,86 |
96 |
113,60 |
45 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
4,03 |
-19,08 |
4,98 |
-15,88 |
5,92 |
|
Operating Profitability (%) |
10,26 |
7,66 |
9,53 |
-1,14 |
9,64 |
|
Return on Equity (ROE) (%) |
4,02 |
3,88 |
3,86 |
-78,28 |
17,82 |
SECTORIAL ANALYSIS
Balance Sheet and
Financial Balance
Figures expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
31,07 |
49,93 |
-18,87 |
|
A) CURRENT ASSETS |
68,93 |
50,07 |
18,87 |
|
LIABILITIES |
|||
|
A) NET WORTH |
27,73 |
41,32 |
-13,59 |
|
B) NON CURRENT LIABILITIES |
12,86 |
24,10 |
-11,24 |
|
C) CURRENT LIABILITIES |
59,41 |
34,58 |
24,83 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,80 |
98,92 |
0,88 |
|
Other operating income |
0,20 |
1,08 |
-0,88 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-60,85 |
-54,09 |
-6,76 |
|
Variation in stocks of finished goods and work in progress |
|
-0,21 |
|
|
GROSS MARGIN |
39,15 |
45,70 |
-6,55 |
|
Other operating costs |
-12,95 |
-16,84 |
3,89 |
|
Labour cost |
-17,83 |
-18,59 |
0,76 |
|
GROSS OPERATING RESULT |
8,38 |
10,26 |
-1,88 |
|
Amortization of fixed assets |
-5,27 |
-5,84 |
0,57 |
|
Deterioration and result for fixed assets disposal |
0,80 |
0,07 |
0,73 |
|
Other expenses / income |
|
0,38 |
|
|
NET OPERATING RESULT |
3,93 |
4,86 |
-0,94 |
|
Financial result |
-2,84 |
-1,75 |
-1,09 |
|
RESULT BEFORE TAX |
1,09 |
3,11 |
-2,02 |
|
Taxes on profits |
-0,33 |
-0,79 |
0,46 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,76 |
2,33 |
-1,57 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,76 |
2,33 |
-1,57 |
|
Amortization of fixed assets |
-5,27 |
-5,84 |
0,57 |
|
Deterioration and provisions variation |
-4,48 |
0,04 |
-4,52 |
|
|
10,51 |
8,13 |
2,38 |
Main Ratios
Figures given in €
|
|
COMPANY (2009) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
584.080,82 |
117.836,89 |
529.817,78 |
1.175.450,35 |
|
Working capital ratio |
0,10 |
0,03 |
0,17 |
0,30 |
|
Soundness Ratio |
0,89 |
0,51 |
0,91 |
1,46 |
|
Average Collection Period (days) |
107 |
64 |
100 |
118 |
|
Average Payment Period (days) |
151 |
84 |
107 |
139 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
116,03 |
107,74 |
142,47 |
230,47 |
|
Quick Ratio (%) |
5,77 |
4,29 |
14,99 |
38,54 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
40,43 |
19,11 |
35,03 |
44,90 |
|
External Financing Average Cost |
0,07 |
0,04 |
0,05 |
0,07 |
|
Debt Service Coverage |
6,53 |
1,53 |
4,11 |
7,51 |
|
Interest Coverage |
1,36 |
1,10 |
1,81 |
4,97 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
6,04 |
4,39 |
6,82 |
9,73 |
|
Auto financing generated by Assets (%) |
6,19 |
4,13 |
7,26 |
13,91 |
|
Breakdown Point |
1,04 |
1,02 |
1,04 |
1,08 |
|
Average Sales Volume per Employee |
215.791,92 |
109.203,60 |
155.397,43 |
238.067,99 |
|
Average Cost per Employee |
38.543,34 |
23.838,94 |
27.500,19 |
33.572,03 |
|
Assets Turnover |
1,02 |
0,85 |
1,08 |
1,51 |
|
Inventory Turnover (days) |
203 |
31 |
76 |
130 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
4,03 |
2,05 |
4,82 |
8,27 |
|
Operating Profitability (%) |
10,26 |
7,18 |
10,42 |
17,22 |
|
Return on Equity (ROE) (%) |
4,02 |
1,65 |
6,49 |
15,12 |
ADDITIONAL INFORMATION
Consulted Sources
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
LA TITULAR
This company has been consulted was last displayed on 24/01/2012,
14 times in the last quarter and 653 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.65 |
|
UK Pound |
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.05 |
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.