MIRA
INFORM REPORT
|
Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
EURO COVERING SL |
|
|
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Registered Office : |
Rambla Solanes, 38 – 40, 08940 |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
28.11.2002 |
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|
Legal Form : |
Limited Liability Company |
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|
|
Line of Business : |
Wholesaler of construction materials : glass |
|
|
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No. of Employees : |
17 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
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Payment Behaviour : |
--- |
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Litigation : |
--- |
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) |
|
Spain |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name
EURO COVERING SL
CIF/NIF: B63030068
Company situation: Bankruptcy (Date: 27/10/2009)
EXECUTIVE SUMMARY
Identification
Current Business Name: EURO COVERING SL
Other names: YES
Current Address: RAMBLA SOLANES, 38 - 40
08940 CORNELLA DE LLOBREGAT BARCELONA
Branches: 3
Telephone number: 935086580 Fax: 935086561
URL: www.eurocovering.com
Corporate e-mail: info@eurocovering.com
Trade Risk
Company situation: Bankruptcy (Date: 27/10/2009)
Incidents: YES
R.A.I.: NO
Financial
Information
Latest sales known (2010): 5.305.260,94
€ (Own Sources)
Balance sheet latest sales (2008): 16.061.696,88 € (Commercial Registry)
Result: -37.143,78 €
Total Assets: 17.741.202,27 €
Share capital: 4.410.990,00 €
Employees: 17
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 28/11/2002
Activity: Wholesale of construction materials :
glass
NACE 2009 CODE: 4673
International Operations: Imports
Corporate
Structure
Bankruptcy Receiver:
Participations: 3
Other
Complementary Information
Latest filed accounts in the Commercial Registry: 2010
Latest act published in BORME: 22/11/2011 Annual Filed Accounts
Latest press article: No press articles registered for this company
Bank Entities: There are
The date when this report was last updated is 29/05/2012.
The information contained in this report has been investigated and contrasted on 29/05/2012
Company situation
Bankruptcy (Date: 27/10/2009)
INCIDENTS
Summary
LEGAL ACTIONS: 1 ( Last:27/10/2009 )
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Insolvency Proceeding: |
1 |
Current Status: INSOLVENCY PROCEEDINGS VOLUNTARY |
|
Civil Court: |
0 |
|
|
Labour Courts: |
0 |
|
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
Last Legal Actions
figures expressed in €
INSOLVENCY PROCEEDING
|
DATE |
CLAIM TYPE |
INCIDENCE STATUS |
ASSETS |
LIABILITIES |
|
27/10/2009 |
INSOLVENCY PROCEEDINGS |
INSOLVENCY PROCEEDINGS/APPOINTMENT OF BANKRUPTCY RECEIVERS |
|
|
There are 1 insolvency proceeding(s) registered
Details of the
Latest Legal Actions
figures expressed in €
INSOLVENCY PROCEEDING
|
|
|
|
Proceeding |
INSOLVENCY PROCEEDINGS |
|
Conducted in |
BARCELONA, MERCANTILE COURT N. 3 |
|
Writ Number |
1123/2009 |
|
Complaint Date |
27/10/2009 |
Record of the claim
|
PHASE |
INSOLVENCY
PROCEEDINGS/APPOINTMENT OF BANKRUPTCY RECEIVERS |
|
|
Date of the Edict: 23/11/2009 |
|
|
Source: Published in B.O.E. N. 282, page 145.475 |
|
|
Observations: MIRO ROS ENRIQUE * RIERA PIJUAN LLUIS |
|
PHASE |
INSOLVENCY
PROCEEDINGS / DECLARATION |
|
|
Date of the Edict: 06/11/2009 |
|
|
Source: Published in B.O.E. N. 282, page 145.475 |
|
PHASE |
DECLARATION
PHASE OF THE INSOLVENCY PROCEEDINGS |
|
|
Date of the Edict: 23/11/2009 |
|
|
Source: Published in B.O.E. N. 282, page 145.475 |
Summary
•
All the unpaid contracts of the company are in a
friendly collection situation.
•
It has not fulfilled its contract obligations with financial
entities and a varied series of companies. It has to be stressed
that 100,00% of the unpaid amount corresponds to contracts with the
financial system.
•
The 100,00% of the non-fulfilment of
payment obligations have more than 6 months.
|
CHARACTERISTICS OF THE OPERATION |
NON-PAYMENT CHARACTERISTICS |
||||||
|
Creditor Type |
Product |
Amount of the operations |
Situation |
Number of non-payments |
Non-payment amount |
Date of the first non-payment |
Date of the last non-payment |
|
Saving Banks |
Personal Loans |
- |
> 180 days from the first expired default |
25 |
40.679,43 |
31/10/2009 |
31/10/2011 |
|
Saving Banks |
Leasing |
- |
> 180 days from the first expired default |
7 |
27.377,43 |
15/11/2009 |
15/05/2010 |
|
Saving Banks |
Personal Loans |
- |
> 180 days from the first expired default |
9 |
17.250,97 |
30/11/2009 |
31/07/2010 |
|
Saving Banks |
Current Account Overdraft |
- |
> 180 days from the first expired default |
- |
100,00 |
03/01/2011 |
31/03/2012 |
|
|
|
|
|
|
85.407,83 |
|
|
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
28/05/2012 09:05:31
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 €
|
|
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
31/12/2007 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
A) NON CURRENT ASSETS |
3.187.121,49 |
17,96 |
3.310.793,29 |
16,29 |
|
B) CURRENT ASSETS |
14.554.080,78 |
82,04 |
17.013.755,11 |
83,71 |
|
LIABILITIES |
|
|
|
|
|
A) NET WORTH |
7.810.730,27 |
44,03 |
8.225.210,65 |
40,47 |
|
B) NON CURRENT LIABILITIES |
2.328.632,92 |
13,13 |
1.949.660,55 |
9,59 |
|
C) CURRENT LIABILITIES |
7.601.839,08 |
42,85 |
10.149.677,20 |
49,94 |
Profit and Loss
Account Analysis
Figures given in €
|
|
2010 OWN SOURCES |
2009 OWN SOURCES |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
5.305.260,94 |
9.356.362,41 |
16.061.696,88 |
|
|
GROSS MARGIN |
|
|
5.188.793,47 |
32,31 |
|
EBITDA |
|
|
614.820,93 |
3,83 |
|
EBIT |
|
|
323.490,99 |
2,01 |
|
NET RESULT |
-580.220,99 |
-7.270.781,87 |
-37.143,78 |
-0,23 |
|
EFFECTIVE TAX RATE (%) |
|
|
-34,83 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
17,96 |
34,90 |
-16,94 |
|
A) CURRENT ASSETS |
82,04 |
65,10 |
16,94 |
|
LIABILITIES |
|||
|
A) NET WORTH |
44,03 |
43,78 |
0,25 |
|
B) NON CURRENT LIABILITIES |
13,13 |
11,50 |
1,62 |
|
C) CURRENT LIABILITIES |
42,85 |
44,72 |
-1,87 |
|
|
|
|
|
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
97,42 |
99,23 |
-1,81 |
|
GROSS MARGIN |
31,47 |
26,94 |
4,53 |
|
EBITDA |
3,73 |
4,28 |
-0,55 |
|
EBIT |
1,96 |
1,10 |
0,87 |
|
NET RESULT |
-0,23 |
0,21 |
-0,44 |
Sector Composition
Compared sector (NACE 2009): 4673
Number of companies: 160
Size (sales figure): 7,000,000.00 - 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 |
-580.220,99 |
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 |
-580.220,99 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
-580.220,99 |
|
|
|
Application total |
-580.220,99 |
Auditing
Source: filing of annual financial statement 2008
Auditors’ opinion: FAVOURABLE
Auditor: SIGMA AUDITORS I CONSULTORS S.L.
Facts subsequent
to the closing
Source: Annual financial report 2010
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
company ADDRESSES
Current Legal Seat Address:
RAMBLA SOLANES, 38 - 40
08940 CORNELLA
DE LLOBREGAT BARCELONA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE CIRCUMVAL·LACIO, 7 - PG IND CAN N ESTAP |
08755 |
CASTELLBISBAL |
Barcelona |
|
LUGAR MASIA CA N’ESTAPE, 7 |
08755 |
CASTELLBISBAL |
Barcelona |
|
POLIGONO INDUSTRIAL, S/N |
32636 |
XINZO DE LIMIA |
Orense |
There are 3 branches registered
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE ARIBAU, 231 |
08021 |
BARCELONA |
Barcelona |
|
AVENIDA ALGINET (POL. VIII) |
46460 |
SILLA |
Valencia |
|
CALLE CIRCUMVAL·LACIO, 7 |
08755 |
CASTELLBISBAL |
Barcelona |
There are 3 former branches registered
CORPORATE
STRUCTURE
ADMINISTRATIVE
LINKS
|
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|
Distribution of the administration board |
|
|
Insolvency Proceeding related Positions : 2 members (latest
change: 03/12/2009) Governing body : 6 members (latest change:
18/12/2009) Auditor : 1 (latest change: 04/08/2004) Operative Board Members : 2 (latest change: 29/05/2012) Non-current positions : 5 (latest change: 13/11/2009) |
|
|
Main Board
members, Directors and Auditor
Insolvency Proceeding related Positions
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
BANKRUPTCY RECEIVER |
MIRO ROS, ENRIC |
03/12/2009 |
|
BANKRUPTCY RECEIVER |
RIERA PIJUAN, LLUIS |
03/12/2009 |
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
RODRIGUEZ LOPEZ, JULIO |
09/01/2003 |
|
MEMBER OF THE BOARD |
PINOL COSTA, PEDRO |
09/01/2003 |
|
MEMBER OF THE BOARD |
VENDRELL VINUALES, MARIA TERESA |
09/01/2003 |
|
MEMBER OF THE BOARD |
PINOL ESTELLER, JORDI |
18/12/2009 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
SIGMA AUDITORS I CONSULTORS SL |
04/08/2004 |
There are 9 board members, directors and auditors registered
|
POSITION |
NAME AND SURNAME |
|
General Manager |
RODRIGUEZ LOPEZ, JULIO |
|
Financial Manager |
PEIRON SAMPERIS, JAVIER |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CONTROL Y DESARROLLO EMPRESARIAL SL |
B62413539 |
10,09 |
COMMERCIAL REGISTRY |
31/12/2010 |
|
|
CONTROLPARK SL |
B63015291 |
Indef. |
OWN SOURCES |
19/01/2009 |
|
|
MOPARK SA |
A08288789 |
Indef. |
OWN SOURCES |
19/01/2009 |
There are 3 direct financial links through shareholders
registered
Company with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
KIB WOOD FLOORS SA |
A58970088 |
4,03 |
COMMERCIAL REGISTRY |
19/01/2009 |
|
|
PIŃOL COSTA PEDRO |
|
1,61 |
COMMERCIAL REGISTRY |
31/12/2007 |
|
|
MICHAVILA LAHOZ RAFAEL |
|
Indef. |
COMMERCIAL REGISTRY |
31/12/2003 |
Company with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SATORI DECORACIO SL |
B60794112 |
100,00 |
OWN SOURCES |
04/04/2012 |
|
|
EUROCOVERING PARAGUAY |
PARAGUAY |
100,00 |
COMMERCIAL REGISTRY |
31/12/2010 |
|
|
XINZO WOOD FLOORING SA |
A62938410 |
54,99 |
COMMERCIAL REGISTRY |
31/12/2008 |
There are 3 direct financial links through participations
registered
Company with rating inferior to 7
POTENTIAL LINKS
Search Criterion: ”EURO COVERING SL”
URL: www.eurocovering.com
Euro Covering Estudios de arquitectura. Distribuidores y tiendas
de parquet y mobiliario. Profesionales del sector. REGÍSTRATE. Area
Profesional; |; Regístrate Cerrar Panel ...
URL: www.boe.es
Anuncio 40161 del BOE núm. 282 de 2009 23 Nov 2009 ... Concurso voluntario
1123/2009 Sección C5. Entidad concursada.- Euro Covering, S.L., con CIF nş
B63030068. Fecha del auto de declaración.
BUSINESS INFORMATION
Incorporation date: 28/11/2002
Activity: Wholesale of construction materials : glass
NACE 2009 CODE: 4673
NACE 2009 Activity: Wholesale of wood, construction materials
and sanitary equipment
Business: FABRICACION, COMERCIO AL POR MAYOR Y MENOR,
EXPORTACION E IMPORTACION, INSTALACION, COLOCACION Y REPARACION, POR MEDIOS
PROPIOS O AJENOS, DE MADERAS Y OTROS MATERIALES, ARTICULOS Y GENEROS PARA EL
RECUBRIMIENTO DE HABITA
Activity description: Su actividad es la venta de pavimentos de
maera.
Latest employees figure: 17 (2012)
% of fixed employees: 100,00%
% of men: 70,00%
% of women: 30,00%
Employees
evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Administrative employees |
5 |
3 |
2 |
|
Sales representatives and similar |
4 |
3 |
1 |
|
Other qualified employees |
6 |
4 |
2 |
|
Non qualified employees |
5 |
4 |
1 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 48%
Imports from: UE Y OTROS PAISES
National Distribution: 52%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO POPULAR ESPAŃOL, S.A. |
|
|
BARCELONA |
|
|
CATALUNYA BANC, S.A. |
|
|
SANT JOAN DESPI |
|
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
CORNELLA DE LLOBREGAT |
|
|
BANCO SANTANDER, S.A. |
|
|
CORNELLA DE LLOBREGAT |
|
|
DEUTSCHE BANK, S.A.E. |
|
|
CORNELLA DE LLOBREGAT |
|
There are 6 bank entities registered
Discount facilities: 0
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
Entity:BANCO SANTANDER, S.A. Debt type: Credit policy |
Granted limit:500.000,00 € Used limit:500.000,00 € Available limit:0,00 € Source: Filed
Accounts (2010) |
There are 1 bank operations registered
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
|
|
|
27.114,69 |
There are 1 leasing operations registered
Brand name: XTRIOR (Valid)
Type: JOINT Scope: NATIONAL Date: 16/03/2009
Brand name: ARQUIPAR (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 07/05/2003
Brand name: EXTERPARK (Valid)
Type: JOINT Scope: NATIONAL Date: 29/04/2003
Brand name: EURO CONVERING (Valid)
Type: JOINT Scope: NATIONAL Date: 13/03/2003
Brand name: COVERPARK (Valid)
Type: JOINT Scope: NATIONAL Date: 06/02/2003
There are 5 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 28/11/2002
Register town: Barcelona
Announcement number: 7628
Share capital: 875.000 €
Legal form: Limited Liability Company
Share capital: 4.410.990,00 €
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: 0
Acts on administrators: 7 (Last: 18/12/2009, first: 09/01/2003)
Acts on capital: 3 (Last: 02/02/2007, first: 04/03/2003)
Acts on creation: 1 (Last: 09/01/2003)
Acts on filed accounts: 9 (Last: 22/11/2011, first: 30/10/2003)
Acts on identification: 0
Acts on Information: 1 (Last: 03/12/2009)
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) |
22/11/2011 |
949600 |
Barcelona |
|
|
|
Filed Accounts date: October from 2011 Exercise to which the accounts belong: 2010 Filed Accounts type: Individual Filed accounts available
online: DOWNLOAD (+1.0 unit) ZIPThis product is out of the fee for
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contracts64085662010 Publication Data:
Register Barcelona, Gazette 221, Page
66130, Announcement 949600 (22/11/2011) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2009) |
20/04/2011 |
136152 |
Barcelona |
|
Appointments |
18/12/2009 |
525703 |
Barcelona |
|
Other concepts |
03/12/2009 |
505134 |
Barcelona |
|
Appointments |
03/12/2009 |
505134 |
Barcelona |
|
Annual Filed Accounts (2008) |
20/11/2009 |
904508 |
Barcelona |
|
Resignations |
13/11/2009 |
472818 |
Barcelona |
|
Appointments |
17/08/2009 |
358812 |
Barcelona |
|
Resignations |
15/07/2009 |
315636 |
Barcelona |
|
Annual Filed Accounts (2007) |
12/12/2008 |
1201366 |
Barcelona |
There are 21 acts registered
Press articles
No press articles registered for this company
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this report is extracted from the Commercial Registry file of the legal address of the Company and dated 26/10/2009.
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 €
|
|
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
3.187.121,49 |
17,96 |
3.310.793,29 |
16,29 |
|
I. Intangible assets |
20.225,83 |
0,11 |
311.345,77 |
1,53 |
|
3. Patents, licences , trademarks and similars |
15.606,33 |
0,09 |
|
|
|
5. Software |
4.619,50 |
0,03 |
|
|
|
II. Tangible fixed assets |
2.255.720,04 |
12,71 |
2.145.508,29 |
10,56 |
|
1. Property, plant and equipment |
1.176.331,84 |
6,63 |
|
|
|
2. Technical fittings and other tangible assets |
1.079.388,20 |
6,08 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
299.365,12 |
1,69 |
350.788,98 |
1,73 |
|
1. Net worth instruments |
299.365,12 |
1,69 |
350.788,98 |
1,73 |
|
V. Long Term Financial Investments |
264.110,25 |
1,49 |
503.150,25 |
2,48 |
|
1. Net worth instruments |
|
|
500.000,00 |
2,46 |
|
3. Debt representative values |
260.960,00 |
1,47 |
|
|
|
5. Other financial assets |
3.150,25 |
0,02 |
3.150,25 |
0,02 |
|
VI. Assets by deferred taxes |
347.700,25 |
1,96 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
B) CURRENT ASSETS |
14.554.080,78 |
82,04 |
17.013.755,11 |
83,71 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
II. Stocks |
8.241.287,59 |
46,45 |
9.106.424,43 |
44,81 |
|
1. Goods available for sale |
8.241.287,59 |
46,45 |
|
|
|
III. Trade Debtors and other receivable accounts |
4.105.194,05 |
23,14 |
6.556.163,32 |
32,26 |
|
1. Clients |
3.388.157,92 |
19,10 |
6.265.216,58 |
30,83 |
|
b) Clients for sales and short term services
rendering |
3.388.157,92 |
19,10 |
|
|
|
2. Clients group and associated companies |
711.473,48 |
4,01 |
144.892,45 |
0,71 |
|
3. Other debts |
322,40 |
0,00 |
|
|
|
4. Staff |
590,00 |
0,00 |
|
|
|
5. Assets by current taxes |
4.650,25 |
0,03 |
|
|
|
6. Other credits with the Public Administrations |
|
|
146.054,29 |
0,72 |
|
IV. Short term investments in associated and affiliated companies |
2.147.289,71 |
12,10 |
1.047.052,89 |
5,15 |
|
1. Net worth instruments |
|
|
-135.723,95 |
-0,67 |
|
2. Credits to companies |
2.147.289,71 |
12,10 |
1.182.776,84 |
5,82 |
|
V. Short term financial investments |
|
|
8.800,00 |
0,04 |
|
1. Net worth instruments |
|
|
8.800,00 |
0,04 |
|
VI. Short term periodifications |
49.600,74 |
0,28 |
28.582,96 |
0,14 |
|
VII. Cash and equivalents |
10.708,69 |
0,06 |
266.731,51 |
1,31 |
|
1. Treasury |
10.708,69 |
0,06 |
266.731,51 |
1,31 |
|
TOTAL ASSETS (A + B) |
17.741.202,27 |
100,00 |
20.324.548,40 |
100,00 |
Alerts associated to the conversion to PGC2007
In the conversion process the amount of
goods obtained through leasing, that under PGC90 reaches %1 of the expenses,
has been maintained in the item “Intangible Assets”, as it is not possible to
estimate in a precise way its accumulated amortization, as, according to they
nature, they should be registered in the Tangible Assets.
The valuation norms applicable to
financial instruments has changed substantially and, for this reason the
conversion of financial statements from PGC90 to PGC2007 could include notable
inaccuracy.
In the conversion process there has
been estimated that the total item 124080 “Provisions” according to PGC90 is
associated to “Net Worth Instruments”.
In the conversion process there has
been estimated that the total item 143070 “Provisions on debtors” according to
PGC90, for %1, is associated to “Clients for sales and services rendering”.
In the conversion process there has
been estimated that the total item 144080 “Provisions” according to PGC90 is
associated to “Net Worth Instruments”.
Net Worth and Liabilities
Figures given in €
|
|
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
|
A) NET WORTH |
7.810.730,27 |
44,03 |
8.225.210,65 |
40,47 |
|
A-1) Equity |
7.865.175,83 |
44,33 |
8.225.210,65 |
40,47 |
|
I. Capital |
4.410.990,00 |
24,86 |
4.410.990,00 |
21,70 |
|
1. Authorized capital |
4.410.990,00 |
24,86 |
4.410.990,00 |
21,70 |
|
II. Issue premium |
475.814,70 |
2,68 |
475.814,70 |
2,34 |
|
III. Reserves |
3.015.514,91 |
17,00 |
2.390.553,59 |
11,76 |
|
1. Legal and statutory |
335.717,92 |
1,89 |
240.932,68 |
1,19 |
|
2. Other funds |
2.679.796,99 |
15,10 |
2.149.620,91 |
10,58 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
VII. Exercise Result |
-37.143,78 |
-0,21 |
947.852,36 |
4,66 |
|
VIII. (Interim dividend) |
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
A-2) Value changes adjustments |
-54.445,56 |
-0,31 |
|
|
|
I. Financial assets available for sale |
-256.565,00 |
-1,45 |
|
|
|
II. Coverage operations |
202.119,44 |
1,14 |
|
|
|
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 |
2.328.632,92 |
13,13 |
1.949.660,55 |
9,59 |
|
I. Long term provisions |
|
|
|
|
|
II. Long term debts |
2.135.065,29 |
12,03 |
1.949.660,55 |
9,59 |
|
2. Debts with bank entities |
1.804.908,83 |
10,17 |
1.949.660,55 |
9,59 |
|
3. Financial leasing creditors |
19.340,44 |
0,11 |
|
|
|
4. By-products |
310.816,02 |
1,75 |
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
IV. Liabilities by deferred taxes |
193.567,63 |
1,09 |
|
|
|
V. Long term periodifications |
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
C) CURRENT LIABILITIES |
7.601.839,08 |
42,85 |
10.149.677,20 |
49,94 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
III. Short term debts |
6.255.924,53 |
35,26 |
7.569.360,66 |
37,24 |
|
2. Debts with bank entities |
5.855.391,06 |
33,00 |
7.569.360,66 |
37,24 |
|
3. Financial leasing creditors |
44.217,37 |
0,25 |
|
|
|
4. By-products |
10.905,76 |
0,06 |
|
|
|
5. Other financial liabilities |
345.410,34 |
1,95 |
|
|
|
IV. Short term debts with associated and affiliated companies |
474.611,29 |
2,68 |
|
|
|
V. Trade creditors and other payable accounts |
871.303,26 |
4,91 |
2.580.316,54 |
12,70 |
|
1. Suppliers |
319.058,36 |
1,80 |
1.864.345,33 |
9,17 |
|
b) Short term suppliers |
319.058,36 |
1,80 |
|
|
|
2. Suppliers group and associated companies |
|
|
89.338,49 |
0,44 |
|
3. Different creditors |
359.736,91 |
2,03 |
|
|
|
4. Staff (pending remunerations) |
30.838,14 |
0,17 |
52.804,71 |
0,26 |
|
6. Other debts with Public Administrations |
75.508,07 |
0,43 |
544.508,44 |
2,68 |
|
7. Clients pre-payments |
86.161,78 |
0,49 |
29.319,57 |
0,14 |
|
VI. Short term periodifications |
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
17.741.202,27 |
100,00 |
20.324.548,40 |
100,00 |
Alerts associated to the conversion to PGC2007
The valuation norms applicable to “Financial
Instruments” have changed substantially, and it is not possible to estimate
directly the adjustments by change of value of “financial assets available for
sale”, that in the subsequent exercise reached %1.
The valuation norms applicable to “Financial
Instruments” have changed substantially, and it is not possible to estimate
directly the adjustments by change of value of “coverage operations”, that in
the subsequent exercise reached %1.
In the conversion process there could
not be identified the value of by-products contracted by the Company that are
susceptible to be recorded under PGC2007
In the conversion process it has not
been possible to breakdown the composition of liabilities originated by debts
with the public administrations; for this reason the mentioned amounts are
presented fully aggregated in the item “other debts with the public
administrations”
PROFIT AND LOSS
ACCOUNT
Figures given in €
|
|
31/12/2008 (12) |
%OPERATING INCOME |
31/12/2007 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
1. Net Turnover |
16.061.696,88 |
97,42 |
23.416.077,99 |
97,92 |
|
A) Sales |
|
|
21.107.500,51 |
88,27 |
|
b) Services provided |
|
|
2.308.577,48 |
9,65 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
4. Supplies |
-11.298.302,83 |
-68,53 |
-16.720.356,98 |
-69,92 |
|
a) Material consumed |
|
|
-13.138.917,42 |
-54,94 |
|
b) Raw materials consumed |
|
|
-1.879.468,93 |
-7,86 |
|
c) Works carried out for other companies |
|
|
-1.680.374,80 |
-7,03 |
|
d) Deterioration on merchandises, raw materials and other supplies |
|
|
-21.595,83 |
-0,09 |
|
5. Other operating income |
425.399,42 |
2,58 |
497.158,83 |
2,08 |
|
a) Other incomes |
|
|
497.158,83 |
2,08 |
|
6. Labour cost |
-1.674.209,45 |
-10,15 |
-1.740.089,21 |
-7,28 |
|
7. Other operating costs |
-2.899.763,09 |
-17,59 |
-3.224.957,76 |
-13,49 |
|
a) External services |
|
|
-2.850.075,22 |
-11,92 |
|
b) Taxes |
|
|
-25.948,38 |
-0,11 |
|
c) Losses, deterioration and variation on business operations
provisions |
|
|
-348.934,16 |
-1,46 |
|
8. Amortization of fixed assets |
-290.807,94 |
-1,76 |
-326.458,26 |
-1,37 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
-522,00 |
0,00 |
-4.263,46 |
-0,02 |
|
a) Deteriorations and losses |
|
|
-4.263,46 |
-0,02 |
|
12. Negative difference of business combinations |
|
|
|
|
|
13. Other results |
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
323.490,99 |
1,96 |
1.897.111,15 |
7,93 |
|
14. Financial income |
136.638,42 |
0,83 |
239.979,20 |
1,00 |
|
b) From negotiable values and other financial instruments |
|
|
239.979,20 |
1,00 |
|
b 1) From group and associated companies |
|
|
19.059,01 |
0,08 |
|
b 2) From third parties |
|
|
220.920,19 |
0,92 |
|
15. Financial expenses |
-559.025,27 |
-3,39 |
-545.836,46 |
-2,28 |
|
a) For debts with associated and affiliated companies |
|
|
-103.288,70 |
-0,43 |
|
b) For debts with third parties |
|
|
-442.547,76 |
-1,85 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
17. Exchange differences |
108.321,42 |
0,66 |
-200.193,36 |
-0,84 |
|
18. Deterioration and result for disposal of financial instruments |
-66.423,86 |
-0,40 |
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-380.489,29 |
-2,31 |
-506.050,62 |
-2,12 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
-56.998,30 |
-0,35 |
1.391.060,53 |
5,82 |
|
20. Taxes on profits |
19.854,52 |
0,12 |
-443.208,17 |
-1,85 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
|
|
947.852,36 |
3,96 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
-37.143,78 |
-0,23 |
947.852,36 |
3,96 |
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.
In the financial statements conversion
process of the accounts formulation exercise to PGC2007 it could not be
identified the amount of discounts on sales for prompt payment that under
PGC2007 are registered reducing sales and not as a financial expense.
NET WORTH CHANGES STATUS
Status of
recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
-37.143,78 |
|
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) |
-37.143,78 |
Total net worth changes
status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
4.410.990,00 |
475.814,70 |
2.409.326,83 |
947.852,36 |
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
-341.664,28 |
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
4.410.990,00 |
475.814,70 |
2.067.662,55 |
947.852,36 |
|
I. Total recognized income and expenses |
|
|
|
-37.143,78 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
947.852,36 |
-947.852,36 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
4.410.990,00 |
475.814,70 |
3.015.514,91 |
-37.143,78 |
|
NET WORTH CHANGES ( 3 /3) |
VALUE CHANGES ADJUSTMENT |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
8.243.983,89 |
|
|
|
I. Adjustments by change of criteria in the exercise (2007) |
|
-341.664,28 |
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
|
7.902.319,61 |
|
|
|
I. Total recognized income and expenses |
-54.445,56 |
-91.589,34 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-54.445,56 |
7.810.730,27 |
|
|
CASH FLOW STATUS
Figures given in €
|
|
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
1. exercise result before taxes |
-56.998,30 |
|
2. Results adjustments |
3.146.182,90 |
|
a) Amortization of fixed assets (+) |
290.807,94 |
|
e) Results for decline and disposal of fixed assets (+/-) |
522,00 |
|
f) Results for decline and disposal of financial instruments (+/-) |
66.423,86 |
|
g) Financial income (-) |
-136.638,42 |
|
f) Financial expenses (+) |
559.025,27 |
|
i) Change difference (+/-) |
-108.321,42 |
|
k) Other income and expenses (-/+) |
2.474.363,67 |
|
3. Changes in current capital |
1.102.691,63 |
|
a) Stocks (+/-) |
865.136,84 |
|
b) Debtors and other receivable accounts (+/-) |
1.169.834,63 |
|
d) Creditors and other payable accounts (+/-) |
-990.164,35 |
|
e) Other current liabilities (+/-) |
-25.950,86 |
|
f) Other non-current assets and liabilities (+/-) |
83.835,37 |
|
4. Other cash flow coming from operating activities |
-2.876.896,00 |
|
a) Interests payments (-) |
-559.025,27 |
|
c) Interests collections (+) |
136.638,42 |
|
d) Collections (payments) for profit tax (+/-) |
19.854,52 |
|
e) Other payments (collections) (-/+) |
-2.474.363,67 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
1.314.980,23 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
6. Investment payments (-) |
-1.078.863,32 |
|
a) Group and associated companies |
-913.089,01 |
|
b) Intangible assets |
-1.117,00 |
|
c) Tangible assets |
-110.211,75 |
|
e) Other financial assets |
-54.445,56 |
|
7. Disinvestment collections (+) |
430.258,75 |
|
h) Other assets |
430.258,75 |
|
8. Cash Flow in investment activities (6 + 7) |
-648.604,57 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
9. Net worth instruments collections and payments |
606.166,38 |
|
a) Net worth instruments issue (+) |
606.166,38 |
|
10. Financial liabilities instruments collections and payments |
-1.528.564,86 |
|
a) Issue |
310.816,02 |
|
5. Other debts (+) |
310.816,02 |
|
b) Return and amortization of |
-1.839.380,88 |
|
2. Debts with bank entities (-) |
-1.839.380,88 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-922.398,48 |
|
D) Exchange rate variations effect |
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-256.022,82 |
|
Cash or equivalents at the beginning of the exercise |
266.731,51 |
|
Cash or equivalents at the end of the exercise |
10.708,69 |
RATIOS
|
|
31/12/2008 (12) |
CHANGE % |
31/12/2007 (12) |
|
BALANCE RATIOS |
|||
|
Working Capital (€) |
6.952.241,70 |
1,28 |
6.864.077,91 |
|
Working capital ratio |
0,39 |
14,71 |
0,34 |
|
Soundness Ratio |
2,47 |
-0,40 |
2,48 |
|
Average Collection Period (days) |
92 |
-8,57 |
101 |
|
Average Payment Period (days) |
34 |
-26,36 |
46 |
|
LIQUIDITY RATIOS |
|||
|
Current Ratio (%) |
191,46 |
14,22 |
167,63 |
|
Quick Ratio (%) |
0,14 |
-94,85 |
2,72 |
|
DEBT RATIOS |
|||
|
Borrowing percentage (%) |
49,97 |
6,68 |
46,84 |
|
External Financing Average Cost |
0,06 |
0,00 |
0,06 |
|
Debt Service Coverage |
6,74 |
-9,77 |
7,47 |
|
Interest Coverage |
0,58 |
-83,33 |
3,48 |
|
GENERAL AND ACTIVITIES RATIOS |
|||
|
Auto financing generated by sales (%) |
8,19 |
50,55 |
5,44 |
|
Auto financing generated by Assets (%) |
7,41 |
18,18 |
6,27 |
|
Breakdown Point |
1,02 |
-6,42 |
1,09 |
|
Average Sales Volume per Employee |
319.954,12 |
-19,38 |
396.882,68 |
|
Average Cost per Employee |
33.350,79 |
13,08 |
29.493,04 |
|
Assets Turnover |
0,90 |
-20,87 |
1,15 |
|
Inventory Turnover (days) |
262 |
33,76 |
196 |
|
RESULTS RATIOS |
|||
|
Return on Assets (ROA) (%) |
1,82 |
-80,49 |
9,33 |
|
Operating Profitability (%) |
3,46 |
-68,32 |
10,92 |
|
Return on Equity (ROE) (%) |
-0,72 |
-104,26 |
16,91 |
SECTORIAL ANALYSIS
Balance Sheet and
Financial Balance
Figures expressed in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
17,96 |
34,90 |
-16,94 |
|
A) CURRENT ASSETS |
82,04 |
65,10 |
16,94 |
|
LIABILITIES |
|||
|
A) NET WORTH |
44,03 |
43,78 |
0,25 |
|
B) NON CURRENT LIABILITIES |
13,13 |
11,50 |
1,62 |
|
C) CURRENT LIABILITIES |
42,85 |
44,72 |
-1,87 |
Results Analytical
Account
Figures given in %
|
|
COMPANY (2008) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
97,42 |
99,23 |
-1,81 |
|
Other operating income |
2,58 |
0,77 |
1,81 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-68,53 |
-72,86 |
4,33 |
|
Variation in stocks of finished goods and work in progress |
|
-0,19 |
|
|
GROSS MARGIN |
31,47 |
26,94 |
4,52 |
|
Other operating costs |
-17,59 |
-13,12 |
-4,47 |
|
Labour cost |
-10,15 |
-11,16 |
1,01 |
|
GROSS OPERATING RESULT |
3,73 |
2,67 |
1,06 |
|
Amortization of fixed assets |
-1,76 |
-1,99 |
0,23 |
|
Deterioration and result for fixed assets disposal |
0,00 |
0,11 |
-0,11 |
|
Other expenses / income |
|
0,32 |
|
|
NET OPERATING RESULT |
1,96 |
1,10 |
0,86 |
|
Financial result |
-2,31 |
-0,79 |
-1,52 |
|
RESULT BEFORE TAX |
-0,35 |
0,30 |
-0,65 |
|
Taxes on profits |
0,12 |
-0,09 |
0,21 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
-0,23 |
0,21 |
-0,44 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
-0,23 |
0,21 |
-0,44 |
|
Amortization of fixed assets |
-1,76 |
-1,99 |
0,23 |
|
Deterioration and provisions variation |
-1,77 |
-1,19 |
-0,58 |
|
|
3,31 |
3,39 |
-0,08 |
Main Ratios
Figures given in €
|
|
COMPANY (2008) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
6.952.241,70 |
869.023,65 |
1.938.934,70 |
3.365.697,74 |
|
Working capital ratio |
0,39 |
0,08 |
0,20 |
0,35 |
|
Soundness Ratio |
2,47 |
0,91 |
1,42 |
2,56 |
|
Average Collection Period (days) |
92 |
82 |
104 |
135 |
|
Average Payment Period (days) |
34 |
81 |
96 |
126 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
191,46 |
114,84 |
144,71 |
196,68 |
|
Quick Ratio (%) |
0,14 |
3,01 |
8,43 |
23,67 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
49,97 |
8,64 |
25,33 |
38,46 |
|
External Financing Average Cost |
0,06 |
0,03 |
0,05 |
0,08 |
|
Debt Service Coverage |
6,74 |
0,55 |
4,22 |
10,01 |
|
Interest Coverage |
0,58 |
0,66 |
1,92 |
5,79 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
8,19 |
1,42 |
2,71 |
4,15 |
|
Auto financing generated by Assets (%) |
7,41 |
1,44 |
3,42 |
5,58 |
|
Breakdown Point |
1,02 |
1,00 |
1,02 |
1,04 |
|
Average Sales Volume per Employee |
319.954,12 |
204.269,26 |
335.118,43 |
479.247,74 |
|
Average Cost per Employee |
33.350,79 |
27.488,32 |
33.283,96 |
39.921,60 |
|
Assets Turnover |
0,90 |
0,94 |
1,29 |
1,63 |
|
Inventory Turnover (days) |
262 |
38 |
75 |
130 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
1,82 |
0,68 |
2,83 |
5,13 |
|
Operating Profitability (%) |
3,46 |
2,85 |
5,18 |
7,50 |
|
Return on Equity (ROE) (%) |
-0,72 |
-0,87 |
4,36 |
12,59 |
ADDITIONAL INFORMATION
Consulted Sources
Central Commercial Registry
Mercantile Registrars
Chamber of Commerce / Camerdata
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
Telephone directory: PÁGINAS AMARILLAS
Telephone directory: PÁGINAS BLANCAS
Telephone directory: QDQ
This company has been consulted was last displayed on 24/05/2012,
17 times in the last quarter and 1.047 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.87.37 |
|
Euro |
1 |
Rs.69.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.