MIRA INFORM REPORT
|
Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
AT LEAST, SA |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
09.06.1994 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of clothing (outerwear) |
|
|
|
|
No. of Employees : |
185 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXECUTIVE
SUMMARY
Identification
Current Business
Name: AT LEAST, SA
Commercial
name: HOSS INTROPIA; HOMELESS
Other names: YES
Current
Address: CALLE PANTOJA, 14
Branches: 12
Telephone
number: 913993112 Fax: 913991953
URL:
www.hossintropia.com
Corporate
e-mail: contact@hossintropia.com
Trade Risk
Credit
appraisal: 1.165.000,00
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU
EMPRESARIAL Bank and Multi - sectorial Defaults of Payment: NO
Financial Information
Balance sheet
latest sales (2010): 46.434.606,00
(Mercantile Register)
Result: 2.692.901
Total
Assets: 28.492.417
Share
capital: 1.230.427,00
Employees: 185
Listed on a Stock Exchange: NO
Commercial Information
Incorporation
date: 09/06/1994
Activity: Wholesale of clothing (outerwear)
NACE 2009
CODE: 4642
International Operations: Imports and Exports
Corporate Structure
President:
Participations: 2
Other Complementary Information
Latest filed
accounts in the Mercantile Register: 2010
Latest act
published in BORME: 20/04/2012 Re-elections
Latest press
article: 22/02/2012 EXPANSIΣN (GENERAL INFORMATION)
Bank Entities: There are
The date when this
report was last updated is 18/07/2012.
The information
contained in this report has been investigated and contrasted on 16/05/2012
Financial situation
|
Exercise:2010 |
Evolution |
|||
|
Treasury |
|
Excellent |
|
|
|
Indebtedness |
|
Slight |
|
|
|
Profitability |
|
Sufficient |
|
|
|
Balance |
|
Excellent |
|
|
Performance
|
Incidents |
|
None or
Negligible |
|
Business
Trajectory |
|
Excellent |
Rating Informa Explanation
Financial situation
The companys financial situation is good.
The companys financial situation evolution has
been positive.
The sales evolution and results has
been positive.
The auditors opinion about the latest accounts has
been favourable.
Company Structure
The companys capitalization degree determines that
its structure is sound.
The companys size is big 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 |
|
23/03/2012 |
Increase |
17 |
New financial statements have been uploaded. |
|
28/01/2012 |
Reduction |
15 |
There has been a variation in the risk associated
to the activity sector of the company. |
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL
DEFAULTS OF PAYMENT 
Summary
COMPANY NOT
INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT
There is no information related to the nif/cif
consulted in the in the EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL
DEFAULTS OF PAYMENT file
This information comes from Experian Bureau
Empresarial Service, property of Experian Bureau de Crιdito S.A. It could just
be used for businessmen or professionals and for the own aims of the business,
and could not be transferred or transmitted to third parties, copied, duplicate
or reproduce, nor incorporate to any owned or external database, or reuse it in
any direct or indirect way. Experian Bureau de Crιdito S.A. may file you for
damages it may suffer in case of breaching any of the afore mentioned
obligations. Experian would not be responsible of the lack of accuracy in the
supplied information when it coincides with the one supplied by the creditor
entities.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is
not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
17/07/2012
16:07:42
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
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 |
8.308.676,00 |
29,16 |
7.124.113,00 |
30,34 |
5.799.792,47 |
25,91 |
|
B) CURRENT ASSETS |
20.183.741,00 |
70,84 |
16.359.880,00 |
69,66 |
16.585.926,45 |
74,09 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
14.223.730,00 |
49,92 |
12.269.085,00 |
52,24 |
10.602.972,33 |
47,36 |
|
B) NON CURRENT LIABILITIES |
2.515.048,00 |
8,83 |
1.692.146,00 |
7,21 |
3.159.772,47 |
14,12 |
|
C) CURRENT LIABILITIES |
11.753.639,00 |
41,25 |
9.522.762,00 |
40,55 |
8.622.974,12 |
38,52 |
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 |
46.434.606,00 |
|
44.059.450,00 |
|
45.691.147,68 |
|
|
GROSS MARGIN |
26.893.837,00 |
57,92 |
24.655.837,00 |
55,96 |
26.021.760,73 |
56,95 |
|
EBITDA |
4.759.012,00 |
10,25 |
4.864.879,00 |
11,04 |
4.444.233,22 |
9,73 |
|
EBIT |
3.681.273,00 |
7,93 |
3.151.578,00 |
7,15 |
3.374.723,98 |
7,39 |
|
NET RESULT |
2.692.901,00 |
5,80 |
2.166.115,00 |
4,92 |
2.158.967,17 |
4,73 |
|
EFFECTIVE TAX RATE (%) |
27,01 |
0,00 |
28,02 |
0,00 |
27,27 |
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 |
29,16 |
34,78 |
-5,62 |
|
A) CURRENT ASSETS |
70,84 |
65,22 |
5,62 |
|
LIABILITIES |
|||
|
A) NET WORTH |
49,92 |
50,71 |
-0,79 |
|
B) NON CURRENT LIABILITIES |
8,83 |
7,72 |
1,11 |
|
C) CURRENT LIABILITIES |
41,25 |
41,58 |
-0,32 |
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
99,63 |
97,60 |
2,03 |
|
GROSS MARGIN |
57,71 |
31,75 |
25,95 |
|
EBITDA |
10,21 |
25,64 |
-15,43 |
|
EBIT |
7,90 |
2,94 |
4,96 |
|
NET RESULT |
5,78 |
1,99 |
3,79 |
Sector Composition
Compared sector
(NACE 2009): 4642
Number of
companies: 12
Size (sales
figure): > 40,000,000.00 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 |
2.692.901,00 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
2.192.901,00 |
|
Total of Amounts to be distributed |
2.692.901,00 |
Dividends |
500.000,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
2.692.901,00 |
Auditing
Source: filing of annual
financial statement 2010
Auditors
opinion: FAVOURABLE
Auditor: KPMG AUDITORES S.L.
Auditing
fees: 32.310,00
Facts subsequent to the closing
Source: Annual
financial report 2010
El 14 de diciembre
de 2010 la Sociedad firmσ el contrato de arrendamiento de un local situado en Roma,
Italia y en marzo de 2011 constituyσ At Least Italia srl cuya actividad
principal consiste en la distribuciσn de prendas y complementos textiles de
moda y de vestir a travιs de una tienda que se ubicarα en el local arrendado.
La apertura se la tienda estα prevista para el mes de junio de 2011.
ADDRESSES
Current Legal Seat
Address:
CALLE PANTOJA, 14
28002 MADRID
Previous Seat
Address:
CALLE JOSE
ABASCAL 55 - 2 IZ
28003 MADRID
Characteristics of the current address
Type of establishment: store
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA DIAGONAL, 567 |
08029 |
BARCELONA |
Barcelona |
|
PASEO GRACIA, 44 |
08007 |
BARCELONA |
Barcelona |
|
POLIGONO INDUSTRIAL CAN
MASSAGUER, 15 |
08430 |
LA ROCA DEL VALLES |
Barcelona |
|
CALLE TXURRUKA, 6 |
20004 |
DONOSTIA-SAN SEBASTIAN |
Gipuzkoa |
|
PLAZA CONSTITUCION (CONSTITUCION) |
29005 |
MALAGA |
Mαlaga |
|
CALLE SERRANO ALCAZAR, 1 |
30001 |
MURCIA |
Murcia |
|
CALLE ODONNELL, 16 |
41001 |
SEVILLA |
Seville |
|
CALLE SORNI, 4 |
46004 |
VALENCIA |
Valencia |
|
CALLE HEROES ALCAZAR DE
TOLEDO, 3 |
47001 |
VALLADOLID |
Valladolid |
|
CALLE GRAN VIA DIEGO LOPEZ DE
HARO, 15 |
48001 |
BILBAO |
Bizkaia |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE JUAN RAMON JIMENEZ, 3 |
28232 |
LAS ROZAS DE MADRID |
Madrid |
|
CALLE TETUAN, 19 |
28013 |
MADRID |
Madrid |
|
PLAZA CONSTITUCION, 6 |
29005 |
MALAGA |
Mαlaga |
|
CALLE SERRANO ALCAZAR, 1 |
30001 |
MURCIA |
Murcia |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 10 members (latest
change: 19/11/2010) Other Positions : 5 (latest
change: 19/02/2009) Auditor : 2 (latest
change: 11/04/2012) Operative Board Members : 4 (latest
change: 26/07/2011) Non-current positions : 8 (latest
change: 19/02/2009) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
HERNANDEZ DURAN, CONSTANTINO |
21/10/2008 |
|
MEMBER OF THE BOARD |
ABITBOL OEVERMANN, RAFAEL |
21/10/2008 |
|
MEMBER OF THE BOARD |
BERGEL SAINZ DE BARANDA, JAIME ISIDORO |
21/10/2008 |
|
MEMBER OF THE BOARD |
MAIER ALLENDE, CARLOS |
21/10/2008 |
|
MEMBER OF THE BOARD |
VALERO QUIROS, JUAN CARLOS |
21/10/2008 |
|
MEMBER OF THE BOARD |
VEGA WERLER, EDUARDO |
21/10/2008 |
|
MEMBER OF THE BOARD |
FAGALDE MATEOS, IGNACIO JOSE |
19/11/2010 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
KPMG AUDITORES SL |
25/11/2010 |
|
CONSOLIDATED ACCOUNTS AUDITOR |
KPMG AUDITORES SL |
11/04/2012 |
Board members
remuneration
Source: Annual financial report 2010
Board members remuneration: 271.401,00
Functional Managers
|
POSITION |
NAME AND SURNAME |
|
Manager |
HERNANDEZ DURAN, CONSTANTINO |
|
Financial Manager |
DE SALVADOR IRIADANA, DIEGO |
|
Human Resources Director |
BARRANCA VITEL, MANUEL |
|
Commercial Director |
BARRANCA VITEL, MANUEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
JAVERTRANS BV |
NETHERLANDS |
35,51 |
OWN SOURCES |
28/03/2012 |
|
|
COBEGA BV |
|
30,43 |
OWN SOURCES |
28/03/2012 |
|
|
EXPLOTACIONES AGRARIAS LAS MESAS SL |
B82183898 |
10,45 |
OWN SOURCES |
28/03/2012 |
|
|
AT LEAST, SA |
A80915804 |
1,04 |
OWN SOURCES |
28/03/2012 |
|
|
ABITBOL OEVERMANN RAFAEL |
|
Indef. |
OWN SOURCES |
28/03/2012 |
|
|
DOMINGUIN SALVATORE |
|
Indef. |
OWN SOURCES |
28/03/2012 |
|
|
HERNANDEZ DURAN CONSTANTINO |
|
Indef. |
OWN SOURCES |
28/03/2012 |
|
|
INMOBILIARIA 2001 SA |
A03177201 |
Indef. |
OWN SOURCES |
28/03/2012 |
Company
with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
VILLAR SANTOS CRISTINA |
|
5,00 |
MERCANTILE REGISTER |
31/12/2002 |
|
|
AGRICOLA LAS MESAS SL (EXTINGUIDA) |
B16143331 |
Indef. |
OWN SOURCES |
19/10/2005 |
|
|
VALERO QUIROS JUAN CARLOS |
|
Indef. |
MERCANTILE REGISTER |
31/12/2000 |
Company
with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CLOTHES & DRESSED LIMITED SL |
UNITED KINGDOM |
100,00 |
MERCANTILE REGISTER |
31/12/2010 |
|
|
AT LEAST, SA |
A80915804 |
1,04 |
OWN SOURCES |
28/03/2012 |
BUSINESS INFORMATION
Incorporation date: 09/06/1994
Origin / Establishment
Establishment date: 01/01/1994
Founders Name: LA TTIULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity
Informa
Code: 1613300
Informa
Activity: Wholesale of clothing (outerwear)
NACE 2009
CODE: 4642
NACE 2009
Activity: Wholesale of clothing and footwear
Business: DISENO,
FABRICACION, IMPORTACION. EXPORTACION Y COMPRAVENTA Y DISTRIBUCION DE PRENDAS Y
COMPLEMENTOS DE VESTIR, EN SU MAS AMPLIO SENTIDO.
Employees
Latest employees
figure: 185 (2012)
% of fixed
employees: 76,22%
% of temporary
employees: 23,78%
% of men: 27,03%
% of women: 72,97%
Employees distribution
Source: Annual
financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
60 |
162 |
PURCHASES
Imports from: UNION EUROPEA
SALES
Exports to: ITALIA, PORTUGAL,
REINO UNIDO, ALEMANIA, FRANCIA, ESCANDINAVIA Y GRECIA
El 100% de su cifra de negocio corresponde a
ventas.
Professional and advertising services
Source: Annual
financial report 2010
Professional services
expenses: 1.798.227,00
Advertising services expenses: 1.943.809,00
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
0631 |
PS DE LA CASTELLANA 193 |
MADRID |
Madrid |
|
BANCO ESPAΡOL DE CREDITO, S.A. |
|
|
MADRID |
|
|
BANKIA, S.A. |
|
|
MADRID |
|
|
BANKINTER, S.A. |
|
|
MADRID |
|
|
CATALUNYA BANC, S.A. |
|
|
MADRID |
|
Discount
facilities: 1
Credit
policy: 5
Mortgage
loan: 0
Loans with no real
security: 0
Bank operations
|
|
|
|
Entity:CAJA DE AHORROS Y M.P. DE MADRID Debt type:Credit policy Expiry date: 31/01/2011 |
Granted limit:400.000,00 Used limit:0,00 Available limit:400.000,00 Source: Filed Accounts (2010) |
|
|
|
|
Entity:BANKINTER, S.A. Debt type: Credit policy |
Granted limit:400.000,00 Used limit:0,00 Available limit:400.000,00 Source: Filed Accounts (2010) |
|
|
|
|
Entity:CAJA DE AHORROS Y PENSIONES DE BARCELONA Debt type:Credit policy Expiry date: 31/12/2012 |
Granted limit:500.000,00 Used limit:0,00 Available limit:500.000,00 Source: Filed Accounts (2010) |
|
|
|
|
Entity:KBC BANK Debt type:Credit policy Expiry date: 30/04/2011 |
Granted limit:700.000,00 Used limit:0,00 Available limit:700.000,00 Source: Filed Accounts (2010) |
|
|
|
|
Debt type: Discount
facilities |
Granted limit:3.205.000,00 Used limit:218.212,00 Available limit:2.986.788,00 Source: Filed Accounts (2010) |
|
|
|
Figures given in
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
MORE THAN 5 YEARS |
|
|
Instalaciones, equipo informαtico y
elementos de transporte. |
103.882,00 |
139.500,00 |
0,00 |
Brands
Brand name: INTROPIA (Valid)
Type: DENOMINATIVE
Scope: NATIONAL Date: 25/10/2005
Brand name: DEZ&QEZ (Valid)
Type: DENOMINATIVE
Scope: COMMUNITARY Date: 29/06/2005
Brand name: VERA
LUNA (Valid)
Type: DENOMINATIVE
Scope: NATIONAL Date: 28/06/2005
Brand name: ESPEKIA (Valid)
Type: DENOMINATIVE
Scope: NATIONAL Date: 14/04/2005
Brand name: INONIA (Valid)
Type: DENOMINATIVE
Scope: COMMUNITARY Date: 04/03/2005
LEGAL STRUCTURE
Constitution Data
Register
Date: 09/06/1994
Register
town: Madrid
Announcement number: 215015
Legal form: Joint-stock
Company
Share
capital: 1.230.427,00
Paid-up capital: 1.230.427,00
Obligation to fill
in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE
MERCANTILE REGISTER)
Summary
Acts on
activity: 0
Acts on
administrators: 37 (Last: 20/04/2012, first: 01/08/1994)
Acts on
capital: 6 (Last: 29/01/2004, first: 12/06/1996)
Acts on
creation: 1 (Last: 01/08/1994)
Acts on filed
accounts: 18 (Last: 31/12/2010, first: 22/09/1995)
Acts on
identification: 3 (Last: 27/05/2010, first: 15/11/1995)
Acts on
Information: 3 (Last: 24/05/2011, first: 25/03/1997)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Re-elections |
20/04/2012 |
175533 |
Madrid |
|
Meeting notification |
24/05/2011 |
18997 |
|
|
Annual Filed
Accounts (2009) consolidated |
31/12/2010 |
1190212 |
Madrid |
|
Annual Filed Accounts (2009) |
27/12/2010 |
1179648 |
Madrid |
|
Re-elections |
25/11/2010 |
436641 |
Madrid |
|
Appointments |
19/11/2010 |
427956 |
Madrid |
|
Re-elections |
15/10/2010 |
383390 |
Madrid |
|
Change of registered address |
27/05/2010 |
212174 |
Madrid |
|
Annual Filed Accounts (2008) |
08/01/2010 |
16818 |
Madrid |
|
Annual Filed Accounts (2007) consolidated |
14/07/2009 |
166965 |
Madrid |
PRESS ARTICLES
Press summary by type of information (last five years)
Legal
notices: 1 (Last: 29/04/2010)
Structural
Data: 1 (Last: 02/12/2009)
Informative
data: 1 (Last: 22/02/2012)
Financial
Information: 2 (Last: 18/10/2010, first: 07/01/2010)
Negative
information: 0
Business
lines: 1 (Last: 16/02/2011)
Historical press
releases: 4 (Last: 12/11/2006, first: 11/09/1995)
Latest press article published
22/02/2012 EXPANSIΣN (Page 12) GENERAL
INFORMATION
Con presencia en
45 paνses, HOSS ENTROPIA ha logrado consolidarse como una firma textil de
referencia, que cuenta con 22 tiendas propias y estα presente en mαs de 1.644
establecimientos multimarca. En la actualidad prepara su ϊltimo desafνo: el
lanzamiento de la venta online a travιs de su propia pαgina web, una iniciativa
que estarα en marcha el prσximo 27/02/12 y que darα servicio a Espaρa,
Portugal, Gran Bretaρa e Italia. HOSS, que el aρo pasado creciσ un 5%, espera
hacerlo este aρo un 12%. Las ϊltimas cifras del grupo apuntan una facturaciσn
de casi 52 millones, de los que casi el 50% procede del exterior. HOSS abrirα
tiendas de la mano de BLOOMINGDALES en Miami, New York y Washington.
16/02/2011 EXPANSIΣN (Page 6) PRODUCTS
AND ACTIVITIES
HOSS INTROPIA
producirα y comercializarα una colecciσn de moda y accesorios bajo la
denominaciσn HOSS INTROPIA Miguel Palacio, que saldrα a la venta el prσximo
otoρo, despuιs de alcanzar un acuerdo con el diseρador Miguel Palacio. HOSS opera
en 48 paνses.
18/10/2010 EXPANSIΣN (Page 16) FINANCIAL
DATA
El grupo HOSS
INTROPIA prevι un crecimiento de las ventas del 4,6% en el presente ejercicio,
gracias a la internacionalizaciσn y a un plan de reducciσn de costes iniciado
en 2009. Aunque ya tienen presencia en mαs de 40 paνses y exporta un 43% de su
producciσn, el objetivo es que el mercado internacional supusiera un 70% de sus
ventas. La firma ha abierto tiendas en los ϊltimos 2 aρos en Riad, Kuwait, Doha
y Lisboa, y prevι abrir en los prσximos meses en Milαn, Roma, Florencia, Parνs
y, en 2013, en el Soho, en Nueva York. Ademαs, trabajan en el lanzamiento de
una tienda online a principios de 2012, segϊn Rafael Abitbol, director general
de la firma.
29/04/2010 ABC - LEGAL
ANNOUNCEMENTS
EL CONSEJO DE
ADMINISTRACION DE ESTA SDAD., CELEBRADO EL 30/03/10, ACORDO TRASLADAR EL
DOMICILIO SOCIAL DE LA CALLE JOSE ABASCAL, N. 55 A LA CALLE PANTOJA, N. 14,
AMBOS EN MADRID.
07/01/2010 LA
VANGUARDIA - FINANCIAL DATA
EL MERCADO CATALAN
HA SIDO EL PRINCIPAL OBJETIVO ESTRATEGICO DE HOSS INTROPIA EN EL ULTIMO
EJERCICIO PARA CRECER EN ESPAΡA, MIENTRAS QUE LA MAYORIA DE SUS ESFUERZOS SE
HAN CENTRADO EN LA EXPANSION INTERNACIONAL. EN 2009 FACTURO 50 MM., DE LOS QUE
EL 40% SE HAN VENDIDO EN MERCADOS INTERNACIONALES. SUS PRENDAS ESTAN PRESENTES
EN LONDRES, CON 2 TIENDAS PROPIAS, EN LAS GALERIAS LAFAYETTE DE PARIS Y EN 2010
YA HA FIRMADO 12 APERTURAS DE FRANQUICIAS EN ORIENTE MEDIO. SU PROYECCION
INTERNACIONAL LE HA EVITADO PERDER VENTAS, PERO HA FRENADO SU MEDIA DE
CRECIMIENTO ANUAL, QUE DESDE 1995 RONDA EL 30%. LA FIRMA CUENTA CON 290
EMPLEADOS Y ESTA EN MANOS DE 15 SOCIOS PERSONALES.
FINANCIAL INFORMATION
The information on the last Individual Filed
Accounts contained in this report is extracted from the Mercantile Register
file of the legal address of the Company and dated 22/03/2012.
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 |
8.308.676,00 |
29,16 |
7.124.113,00 |
30,34 |
5.799.792,47 |
25,91 |
|
I. Intangible assets |
813.680,00 |
2,86 |
755.381,00 |
3,22 |
931.034,81 |
4,16 |
|
3. Patents, licences , trademarks and
similars |
20.095,00 |
0,07 |
42.015,00 |
0,18 |
63.934,32 |
0,29 |
|
5. Software |
140.216,00 |
0,49 |
198.221,00 |
0,84 |
228.802,69 |
1,02 |
|
7. Other intangible assets |
653.369,00 |
2,29 |
515.145,00 |
2,19 |
638.297,80 |
2,85 |
|
II. Tangible fixed assets |
2.981.551,00 |
10,46 |
2.244.918,00 |
9,56 |
3.056.276,62 |
13,65 |
|
2. Technical fittings and other tangible
assets |
2.681.256,00 |
9,41 |
2.244.918,00 |
9,56 |
3.049.796,62 |
13,62 |
|
3. Fixed assets in progress and advances |
300.295,00 |
1,05 |
|
|
6.480,00 |
0,03 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
3.683.605,00 |
12,93 |
3.282.491,00 |
13,98 |
1.281.331,48 |
5,72 |
|
1. Net worth instruments |
3.683.605,00 |
12,93 |
3.282.491,00 |
13,98 |
1.281.331,48 |
5,72 |
|
V. Long Term Financial Investments |
427.229,00 |
1,50 |
474.650,00 |
2,02 |
445.790,59 |
1,99 |
|
5. Other financial assets |
427.229,00 |
1,50 |
474.650,00 |
2,02 |
445.790,59 |
1,99 |
|
VI. Assets by deferred taxes |
402.611,00 |
1,41 |
366.673,00 |
1,56 |
85.358,97 |
0,38 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
20.183.741,00 |
70,84 |
16.359.880,00 |
69,66 |
16.585.926,45 |
74,09 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
9.544.454,00 |
33,50 |
9.188.760,00 |
39,13 |
7.864.183,31 |
35,13 |
|
1. Goods available for sale |
9.193.987,00 |
32,27 |
8.975.180,00 |
38,22 |
7.437.340,24 |
33,22 |
|
2. Raw material inventory |
282.610,00 |
0,99 |
211.538,00 |
0,90 |
241.393,17 |
1,08 |
|
6. Pre-payments to suppliers |
67.857,00 |
0,24 |
2.042,00 |
0,01 |
185.449,90 |
0,83 |
|
III. Trade Debtors and other receivable
accounts |
6.541.822,00 |
22,96 |
4.410.552,00 |
18,78 |
7.049.985,49 |
31,49 |
|
1. Clients |
5.664.575,00 |
19,88 |
4.352.492,00 |
18,53 |
4.353.437,60 |
19,45 |
|
b) Clients for sales and short term
services rendering |
5.664.575,00 |
19,88 |
4.352.492,00 |
18,53 |
4.353.437,60 |
19,45 |
|
2. Clients group and associated companies |
450.422,00 |
1,58 |
16.629,00 |
0,07 |
2.469.333,70 |
11,03 |
|
3. Other debts |
196.783,00 |
0,69 |
1.670,00 |
0,01 |
12.399,41 |
0,06 |
|
4. Staff |
22.662,00 |
0,08 |
16.909,00 |
0,07 |
8.524,80 |
0,04 |
|
6. Other credits with the Public
Administrations |
207.380,00 |
0,73 |
22.852,00 |
0,10 |
206.289,98 |
0,92 |
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
201.731,79 |
0,90 |
|
5. Other financial assets |
|
|
|
|
201.731,79 |
0,90 |
|
V. Short term financial investments |
101.221,00 |
0,36 |
54.061,00 |
0,23 |
202.259,52 |
0,90 |
|
2. Credits to companies |
40.000,00 |
0,14 |
25.000,00 |
0,11 |
65.000,00 |
0,29 |
|
5. Other financial assets |
61.221,00 |
0,21 |
29.061,00 |
0,12 |
137.259,52 |
0,61 |
|
VI. Short term periodifications |
356.766,00 |
1,25 |
293.584,00 |
1,25 |
295.665,17 |
1,32 |
|
VII. Cash and equivalents |
3.639.478,00 |
12,77 |
2.412.923,00 |
10,27 |
972.101,17 |
4,34 |
|
1. Treasury |
3.639.478,00 |
12,77 |
2.412.923,00 |
10,27 |
972.101,17 |
4,34 |
|
TOTAL ASSETS (A + B) |
28.492.417,00 |
100,00 |
23.483.993,00 |
100,00 |
22.385.718,92 |
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 |
14.223.730,00 |
49,92 |
12.269.085,00 |
52,24 |
10.602.972,33 |
47,36 |
|
A-1) Equity |
14.361.989,00 |
50,41 |
12.269.085,00 |
52,24 |
10.602.972,33 |
47,36 |
|
I. Capital |
1.230.427,00 |
4,32 |
1.230.427,00 |
5,24 |
1.230.427,30 |
5,50 |
|
1. Authorized capital |
1.230.427,00 |
4,32 |
1.230.427,00 |
5,24 |
1.230.427,30 |
5,50 |
|
II. Issue premium |
2.836.769,00 |
9,96 |
2.836.769,00 |
12,08 |
2.836.768,67 |
12,67 |
|
III. Reserves |
7.821.771,00 |
27,45 |
6.255.653,00 |
26,64 |
4.596.688,19 |
20,53 |
|
1. Legal and statutory |
7.821.771,00 |
27,45 |
299.417,00 |
1,27 |
299.417,13 |
1,34 |
|
2. Other funds |
|
|
5.956.236,00 |
25,36 |
4.297.271,06 |
19,20 |
|
IV. (Net worth own shares and
participations) |
-219.879,00 |
-0,77 |
-219.879,00 |
-0,94 |
-219.879,00 |
-0,98 |
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
2.692.901,00 |
9,45 |
2.166.115,00 |
9,22 |
2.158.967,17 |
9,64 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
-138.259,00 |
-0,49 |
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
-138.259,00 |
-0,49 |
|
|
|
|
|
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 |
2.515.048,00 |
8,83 |
1.692.146,00 |
7,21 |
3.159.772,47 |
14,12 |
|
I. Long term provisions |
49.640,00 |
0,17 |
|
|
|
|
|
4. Other provisions |
49.640,00 |
0,17 |
|
|
|
|
|
II. Long term debts |
1.635.292,00 |
5,74 |
1.007.315,00 |
4,29 |
2.671.870,79 |
11,94 |
|
2. Debts with bank entities |
1.499.626,00 |
5,26 |
866.930,00 |
3,69 |
2.375.260,57 |
10,61 |
|
3. Financial leasing creditors |
134.366,00 |
0,47 |
132.293,00 |
0,56 |
265.521,98 |
1,19 |
|
4. By-products |
1.300,00 |
0,00 |
8.092,00 |
0,03 |
31.088,24 |
0,14 |
|
III. Long term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
830.116,00 |
2,91 |
684.831,00 |
2,92 |
487.901,68 |
2,18 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
11.753.639,00 |
41,25 |
9.522.762,00 |
40,55 |
8.622.974,12 |
38,52 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
230.000,00 |
0,81 |
200.000,00 |
0,85 |
100.799,00 |
0,45 |
|
III. Short term debts |
1.329.186,00 |
4,67 |
758.990,00 |
3,23 |
1.489.481,57 |
6,65 |
|
2. Debts with bank entities |
1.095.966,00 |
3,85 |
607.554,00 |
2,59 |
1.232.946,08 |
5,51 |
|
3. Financial leasing creditors |
94.961,00 |
0,33 |
151.436,00 |
0,64 |
|
|
|
4. By-products |
138.259,00 |
0,49 |
|
|
256.535,49 |
1,15 |
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable
accounts |
10.194.453,00 |
35,78 |
8.563.772,00 |
36,47 |
7.032.693,55 |
31,42 |
|
1. Suppliers |
5.024.380,00 |
17,63 |
5.201.535,00 |
22,15 |
4.067.856,24 |
18,17 |
|
b) Short term suppliers |
5.024.380,00 |
17,63 |
5.201.535,00 |
22,15 |
4.067.856,24 |
18,17 |
|
3. Different creditors |
3.025.900,00 |
10,62 |
1.319.565,00 |
5,62 |
1.400.379,66 |
6,26 |
|
4. Staff (pending remunerations) |
848.314,00 |
2,98 |
699.764,00 |
2,98 |
642.223,28 |
2,87 |
|
5. Liabilities by current taxes |
449.684,00 |
1,58 |
567.956,00 |
2,42 |
363.835,20 |
1,63 |
|
6. Other debts with Public Administrations |
378.582,00 |
1,33 |
403.876,00 |
1,72 |
384.853,26 |
1,72 |
|
7. Clients pre-payments |
467.593,00 |
1,64 |
371.076,00 |
1,58 |
173.545,91 |
0,78 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
28.492.417,00 |
100,00 |
23.483.993,00 |
100,00 |
22.385.718,92 |
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 |
46.434.606,00 |
99,63 |
44.059.450,00 |
99,77 |
45.691.147,68 |
99,68 |
|
A) Sales |
46.434.606,00 |
99,63 |
44.059.450,00 |
99,77 |
45.691.147,68 |
99,68 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-19.711.569,00 |
-42,29 |
-19.504.582,00 |
-44,17 |
-19.814.457,87 |
-43,23 |
|
a) Material consumed |
-19.373.768,00 |
-41,57 |
-18.722.320,00 |
-42,40 |
-19.521.237,61 |
-42,59 |
|
b) Raw materials consumed |
-250.596,00 |
-0,54 |
-335.770,00 |
-0,76 |
-223.220,26 |
-0,49 |
|
d) Deterioration on merchandises, raw
materials and other supplies |
-87.205,00 |
-0,19 |
-446.492,00 |
-1,01 |
-70.000,00 |
-0,15 |
|
5. Other operating income |
170.800,00 |
0,37 |
100.969,00 |
0,23 |
145.070,92 |
0,32 |
|
a) Other incomes |
132.127,00 |
0,28 |
69.900,00 |
0,16 |
113.979,67 |
0,25 |
|
b) Operating grants included in the
exercise result |
38.673,00 |
0,08 |
31.069,00 |
0,07 |
31.091,25 |
0,07 |
|
6. Labour cost |
-8.977.970,00 |
-19,26 |
-8.716.428,00 |
-19,74 |
-9.049.941,80 |
-19,74 |
|
a) Wages and similar expenses |
-7.284.065,00 |
-15,63 |
-7.034.521,00 |
-15,93 |
-7.093.296,23 |
-15,48 |
|
b) Social costs |
-1.693.905,00 |
-3,63 |
-1.681.907,00 |
-3,81 |
-1.956.645,57 |
-4,27 |
|
7. Other operating costs |
-13.424.809,00 |
-28,81 |
-11.681.533,00 |
-26,45 |
-12.684.222,14 |
-27,67 |
|
a) External services |
-13.155.416,00 |
-28,23 |
-11.408.044,00 |
-25,83 |
-12.470.222,32 |
-27,21 |
|
b) Taxes |
-123.375,00 |
-0,26 |
-106.396,00 |
-0,24 |
-87.177,23 |
-0,19 |
|
c) Losses, deterioration and variation on
business operations provisions |
-131.301,00 |
-0,28 |
-132.932,00 |
-0,30 |
-86.636,43 |
-0,19 |
|
d) Other day to day expenses |
-14.717,00 |
-0,03 |
-34.161,00 |
-0,08 |
-40.186,16 |
-0,09 |
|
8. Amortization of fixed assets |
-769.896,00 |
-1,65 |
-913.877,00 |
-2,07 |
-912.872,81 |
-1,99 |
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed
assets disposal |
-134.631,00 |
-0,29 |
-192.421,00 |
-0,44 |
|
|
|
a) Deteriorations and losses |
-89.337,00 |
-0,19 |
-220.000,00 |
-0,50 |
|
|
|
b) Results for disposals and others |
-45.294,00 |
-0,10 |
27.579,00 |
0,06 |
|
|
|
12. Negative difference of business
combinations |
|
|
|
|
|
|
|
13. Other results |
94.742,00 |
0,20 |
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 +
6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
3.681.273,00 |
7,90 |
3.151.578,00 |
7,14 |
3.374.723,98 |
7,36 |
|
14. Financial income |
82.073,00 |
0,18 |
93.475,00 |
0,21 |
209.178,65 |
0,46 |
|
b) From negotiable values and other
financial instruments |
82.073,00 |
0,18 |
93.475,00 |
0,21 |
209.178,65 |
0,46 |
|
b 1) From group and associated companies |
|
|
21.785,00 |
0,05 |
40.721,42 |
0,09 |
|
b 2) From third parties |
82.073,00 |
0,18 |
71.690,00 |
0,16 |
168.457,23 |
0,37 |
|
15. Financial expenses |
-86.295,00 |
-0,19 |
-257.345,00 |
-0,58 |
-550.977,85 |
-1,20 |
|
b) For debts with third parties |
-86.295,00 |
-0,19 |
-257.345,00 |
-0,58 |
-550.977,85 |
-1,20 |
|
16. Reasonable value variation on
financial instruments |
6.792,00 |
0,01 |
22.996,00 |
0,05 |
-27.841,93 |
-0,06 |
|
a) Negotiation portfolio and others |
6.792,00 |
0,01 |
22.996,00 |
0,05 |
-27.841,93 |
-0,06 |
|
17. Exchange differences |
5.791,00 |
0,01 |
-1.405,00 |
0,00 |
-36.641,63 |
-0,08 |
|
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) |
8.361,00 |
0,02 |
-142.279,00 |
-0,32 |
-406.282,76 |
-0,89 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
3.689.634,00 |
7,92 |
3.009.299,00 |
6,81 |
2.968.441,22 |
6,48 |
|
20. Taxes on profits |
-996.733,00 |
-2,14 |
-843.184,00 |
-1,91 |
-809.474,05 |
-1,77 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED
OPERATIONS (A.3 + 20) |
2.692.901,00 |
5,78 |
2.166.115,00 |
4,91 |
2.158.967,17 |
4,71 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming
from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
2.692.901,00 |
5,78 |
2.166.115,00 |
4,91 |
2.158.967,17 |
4,71 |
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 |
2.692.901,00 |
2.166.115,00 |
2.158.967,17 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO
NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
-138.259,00 |
|
|
|
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) |
-138.259,00 |
|
|
|
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) |
2.554.642,00 |
2.166.115,00 |
2.158.967,17 |
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
NET WORTH OWN SHARES AND PARTICIPATIONS) |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
1.230.427,30 |
2.836.768,67 |
3.087.231,39 |
|
|
I. Adjustments by change of criteria in
the exercise (2007) |
|
|
771.080,80 |
-219.879,00 |
|
II. Adjustments by errors in the exercise
(2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2008) |
1.230.427,30 |
2.836.768,67 |
3.858.312,19 |
-219.879,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
4. (-) Dividends distribution |
|
|
|
|
|
III. Other net worth variations |
|
|
738.376,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.230.427,00 |
2.836.769,00 |
4.596.686,00 |
-219.879,00 |
|
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) |
1.230.427,00 |
2.836.769,00 |
4.596.686,00 |
-219.879,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
4. (-) Dividends distribution |
|
|
|
|
|
III. Other net worth variations |
|
|
1.658.967,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.230.427,00 |
2.836.769,00 |
6.255.656,00 |
-219.879,00 |
|
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) |
1.230.427,00 |
2.836.769,00 |
6.255.656,00 |
-219.879,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
-300.000,00 |
|
|
4. (-) Dividends distribution |
|
|
-300.000,00 |
|
|
III. Other net worth variations |
|
|
1.866.115,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.230.427,00 |
2.836.769,00 |
7.821.771,00 |
-219.879,00 |
|
NET WORTH CHANGES ( 3 /3) |
EXERCISE RESULT |
VALUE CHANGES ADJUSTMENT |
TOTAL |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
1.113.376,00 |
|
8.267.803,36 |
|
|
I. Adjustments by change of criteria in
the exercise (2007) |
|
|
551.201,80 |
|
|
II. Adjustments by errors in the exercise
(2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2008) |
1.113.376,00 |
|
8.819.005,16 |
|
|
I. Total recognized income and expenses |
2.158.967,17 |
|
2.158.967,17 |
|
|
II. Operations with partners or owners |
-375.000,00 |
|
-375.000,00 |
|
|
4. (-) Dividends distribution |
-375.000,00 |
|
-375.000,00 |
|
|
III. Other net worth variations |
-738.376,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
2.158.967,00 |
|
10.602.970,00 |
|
|
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) |
2.158.967,00 |
|
10.602.970,00 |
|
|
I. Total recognized income and expenses |
2.166.115,00 |
|
2.166.115,00 |
|
|
II. Operations with partners or owners |
-500.000,00 |
|
-500.000,00 |
|
|
4. (-) Dividends distribution |
-500.000,00 |
|
-500.000,00 |
|
|
III. Other net worth variations |
-1.658.967,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
2.166.115,00 |
|
12.269.088,00 |
|
|
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) |
2.166.115,00 |
|
12.269.088,00 |
|
|
I. Total recognized income and expenses |
2.692.901,00 |
-138.259,00 |
2.554.642,00 |
|
|
II. Operations with partners or owners |
-300.000,00 |
|
-600.000,00 |
|
|
4. (-) Dividends distribution |
-300.000,00 |
|
-600.000,00 |
|
|
III. Other net worth variations |
-1.866.115,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
2.692.901,00 |
-138.259,00 |
14.223.730,00 |
|
CASH FLOW STATUS
Figures given in
|
|
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING
ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
3.689.634,00 |
3.009.299,00 |
2.968.441,22 |
|
2. Results adjustments |
1.164.311,00 |
1.855.580,00 |
1.475.790,00 |
|
a) Amortization of fixed assets (+) |
769.896,00 |
913.877,00 |
912.872,00 |
|
b) Value correction for deterioration
(+/-) |
277.842,00 |
700.222,00 |
156.636,00 |
|
c) Change of Provisions (+/-) |
79.640,00 |
99.202,00 |
|
|
e) Results for decline and disposal of
fixed assets (+/-) |
45.294,00 |
|
|
|
g) Financial income (-) |
-82.073,00 |
-93.475,00 |
-209.180,00 |
|
f) Financial expenses (+) |
86.295,00 |
257.345,00 |
550.978,00 |
|
i) Change difference (+/-) |
-5.791,00 |
1.405,00 |
36.642,00 |
|
j) Reasonable value variation on financial
instruments (+/-) |
-6.792,00 |
-22.996,00 |
27.842,00 |
|
3. Changes in current capital |
-983.643,00 |
2.483.335,00 |
-2.501.315,00 |
|
a) Stocks (+/-) |
-442.899,00 |
-1.771.069,00 |
-1.119.788,00 |
|
b) Debtors and other receivable accounts
(+/-) |
-2.232.570,00 |
2.605.703,00 |
-1.839.343,00 |
|
c) Other current assets (+/-) |
-110.342,00 |
352.012,00 |
-386.796,00 |
|
d) Creditors and other payable accounts
(+/-) |
1.754.747,00 |
1.325.548,00 |
936.965,00 |
|
e) Other current liabilities (+/-) |
|
-28.859,00 |
|
|
f) Other non-current assets and
liabilities (+/-) |
47.421,00 |
|
-92.353,00 |
|
4. Other cash flow coming from operating
activities |
-1.009.880,00 |
-887.318,00 |
-760.059,00 |
|
a) Interests payments (-) |
-86.295,00 |
-257.345,00 |
-550.978,00 |
|
c) Interests collections (+) |
82.073,00 |
93.475,00 |
209.180,00 |
|
d) Collections (payments) for profit tax
(+/-) |
-1.005.658,00 |
-723.448,00 |
-418.261,00 |
|
5. Cash flow coming from operating
activities (1 + 2 + 3 + 4) |
2.860.422,00 |
6.460.896,00 |
1.182.857,22 |
|
B) CASH FLOW COMING FROM INVESTING
ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-2.178.267,00 |
-2.148.024,00 |
-829.039,00 |
|
a) Group and associated companies |
-401.114,00 |
|
|
|
b) Intangible assets |
-252.425,00 |
-22.306,00 |
-5.400,00 |
|
c) Tangible assets |
-1.524.728,00 |
-124.558,00 |
-823.639,00 |
|
d) Real state investments |
|
-2.001.160,00 |
|
|
7. Disinvestment collections (+) |
77.694,00 |
|
|
|
b) Intangible assets |
77.694,00 |
|
|
|
8. Cash Flow in investment activities (6 +
7) |
-2.100.573,00 |
-2.148.024,00 |
-829.039,00 |
|
C) CASH FLOW COMING FROM FINANCING
ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and
payments |
|
|
|
|
10. Financial liabilities instruments collections
and payments |
1.066.706,00 |
-2.372.050,00 |
329.609,00 |
|
a) Issue |
1.066.706,00 |
|
1.442.210,00 |
|
2. Debts with bank entities (+) |
1.066.706,00 |
|
1.442.210,00 |
|
b) Return and amortization of |
|
-2.372.050,00 |
-1.112.601,00 |
|
2. Debts with bank entities (-) |
|
-2.372.050,00 |
-1.112.601,00 |
|
11. Payments for dividends and
remunerations of other net worth instruments |
-600.000,00 |
-500.000,00 |
-375.000,00 |
|
a) Dividends (-) |
-600.000,00 |
-500.000,00 |
-375.000,00 |
|
12. Cash Flow in financing activities (9 +
10 + 11) |
466.706,00 |
-2.872.050,00 |
-45.391,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE /
REDUCTION (5 + 8 + 12 + D) |
1.226.555,00 |
1.440.822,00 |
308.427,22 |
|
Cash or equivalents at the beginning of
the exercise |
2.412.923,00 |
972.101,00 |
663.674,00 |
|
Cash or equivalents at the end of the
exercise |
3.639.478,00 |
2.412.923,00 |
972.101,17 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
8.430.102,00 |
23,30 |
6.837.118,00 |
-14,14 |
7.962.952,33 |
|
Working capital ratio |
0,30 |
3,45 |
0,29 |
-19,44 |
0,36 |
|
Soundness Ratio |
1,73 |
0,58 |
1,72 |
-6,01 |
1,83 |
|
Average Collection Period (days) |
51 |
41,00 |
36 |
-35,06 |
55 |
|
Average Payment Period (days) |
111 |
12,00 |
99 |
27,31 |
78 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
171,72 |
-0,05 |
171,80 |
-10,68 |
192,35 |
|
Quick Ratio (%) |
31,83 |
22,85 |
25,91 |
90,23 |
13,62 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
10,40 |
38,30 |
7,52 |
-59,55 |
18,59 |
|
External Financing Average Cost |
0,03 |
-80,00 |
0,15 |
15,38 |
0,13 |
|
Debt Service Coverage |
1,04 |
285,19 |
0,27 |
-92,33 |
3,52 |
|
Interest Coverage |
42,66 |
248,24 |
12,25 |
99,84 |
6,12 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
6,16 |
-57,98 |
14,66 |
466,02 |
2,59 |
|
Auto financing generated by Assets (%) |
10,04 |
-63,50 |
27,51 |
421,02 |
5,28 |
|
Breakdown Point |
1,09 |
0,93 |
1,08 |
0,00 |
1,08 |
|
Average Sales Volume per Employee |
215.974,91 |
5,39 |
204.927,67 |
-17,03 |
246.979,18 |
|
Average Cost per Employee |
41.758,00 |
3,00 |
40.541,53 |
-17,12 |
48.918,60 |
|
Assets Turnover |
1,63 |
-13,30 |
1,88 |
-7,84 |
2,04 |
|
Inventory Turnover (days) |
174 |
2,76 |
170 |
18,64 |
143 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
12,92 |
-3,73 |
13,42 |
-11,01 |
15,08 |
|
Operating Profitability (%) |
15,15 |
-8,13 |
16,49 |
-13,89 |
19,15 |
|
Return on Equity (ROE) (%) |
25,69 |
4,73 |
24,53 |
-12,39 |
28,00 |
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 |
29,16 |
34,78 |
-5,62 |
|
A) CURRENT ASSETS |
70,84 |
65,22 |
5,62 |
|
LIABILITIES |
|||
|
A) NET WORTH |
49,92 |
50,71 |
-0,79 |
|
B) NON CURRENT LIABILITIES |
8,83 |
7,72 |
1,11 |
|
C) CURRENT LIABILITIES |
41,25 |
41,58 |
-0,32 |
|
|
|
|
|
Results Analytical Account
Figures given in
%
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,63 |
97,60 |
2,03 |
|
Other operating income |
0,37 |
2,40 |
-2,03 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-42,29 |
-68,19 |
25,90 |
|
Variation in stocks of finished goods and
work in progress |
|
-0,06 |
|
|
GROSS MARGIN |
57,71 |
31,75 |
25,96 |
|
Other operating costs |
-28,81 |
-16,97 |
-11,84 |
|
Labour cost |
-19,26 |
-9,46 |
-9,80 |
|
GROSS OPERATING RESULT |
9,64 |
5,33 |
4,31 |
|
Amortization of fixed assets |
-1,65 |
-2,36 |
0,71 |
|
Deterioration and result for fixed assets disposal |
-0,29 |
-0,06 |
-0,23 |
|
Other expenses / income |
|
0,03 |
|
|
NET OPERATING RESULT |
7,90 |
2,94 |
4,96 |
|
Financial result |
0,02 |
-0,12 |
0,14 |
|
RESULT BEFORE TAX |
7,92 |
2,82 |
5,10 |
|
Taxes on profits |
-2,14 |
-0,83 |
-1,31 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
5,78 |
1,99 |
3,79 |
|
Exercise result coming from discontinued
operations net of taxes |
|
0,00 |
|
|
NET RESULT |
5,78 |
1,99 |
3,79 |
|
Amortization of fixed assets |
-1,65 |
-2,36 |
0,71 |
|
Deterioration and provisions variation |
-2,31 |
-20,34 |
18,04 |
|
|
9,74 |
24,70 |
-14,96 |
Main Ratios
Figures given in
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
8.430.102,00 |
6.439.500,00 |
20.865.545,36 |
24.836.688,99 |
|
Working capital ratio |
0,30 |
0,11 |
0,28 |
0,40 |
|
Soundness Ratio |
1,73 |
1,02 |
1,68 |
3,33 |
|
Average Collection Period (days) |
51 |
45 |
68 |
128 |
|
Average Payment Period (days) |
111 |
44 |
102 |
141 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
171,72 |
121,56 |
173,48 |
206,05 |
|
Quick Ratio (%) |
31,83 |
1,84 |
18,29 |
47,03 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
10,40 |
4,72 |
12,45 |
29,89 |
|
External Financing Average Cost |
0,03 |
0,02 |
0,03 |
0,07 |
|
Debt Service Coverage |
1,04 |
0,41 |
2,02 |
6,80 |
|
Interest Coverage |
42,66 |
5,02 |
14,26 |
27,46 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
6,16 |
1,98 |
4,22 |
8,42 |
|
Auto financing generated by Assets (%) |
10,04 |
3,78 |
8,39 |
12,57 |
|
Breakdown Point |
1,09 |
1,01 |
1,03 |
1,05 |
|
Average Sales Volume per Employee |
215.974,91 |
158.673,50 |
356.235,01 |
1.296.026,19 |
|
Average Cost per Employee |
41.758,00 |
23.977,64 |
36.473,60 |
57.399,63 |
|
Assets Turnover |
1,63 |
1,22 |
2,06 |
2,47 |
|
Inventory Turnover (days) |
174 |
21 |
51 |
103 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
12,92 |
2,98 |
5,28 |
10,46 |
|
Operating Profitability (%) |
15,15 |
5,18 |
10,98 |
13,95 |
|
Return on Equity (ROE) (%) |
25,69 |
5,33 |
12,66 |
18,14 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
UK Pound |
1 |
Rs.86.57 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.