MIRA
INFORM REPORT
|
Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
AVANTI WIND SYSTEMS SL |
|
|
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|
Registered Office : |
Calle |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.12.2005 |
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|
Legal Form : |
Sole-partnered Limited Liability Company |
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Line of Business : |
Manufacturer of lifting & handling equipment |
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No. of Employees : |
50 |
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 : |
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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Spain |
A2 |
A2 |
|
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
AVANTI WIND SYSTEMS SL
CIF/NIF: B92721729
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: AVANTI WIND SYSTEMS SL
Other names: NO
Current Address: CALLE LOS ANGELES, 88 - PG
CENTROVIA NAVES 1-2
Telephone number: 976149524 Fax: 976149508
Corporate e-mail: info@avanti-online.com
Trade Risk
Incidents: NO
R.A.I.: NO
Financial
Information
Latest sales known (2011): 7.468.000,00
(Own Sources)
Balance sheet latest sales (2010): 5.364.222,00 (Mercantile Register)
Result: -62.202
Total Assets: 3.653.762
Share capital: 5.000,00
Employees: 50
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 22/12/2005
Activity: Mfg. of lifting & handling
equipment
NACE 2009 CODE: 2822
International Operations: Imports and
Exports
Corporate
Structure
Sole Administrator:
Parent Company:
Other
Complementary Information
Latest filed accounts in the Mercantile Register: 2010
Latest act published in BORME: 20/12/2011 Re-elections
Latest press article: No press articles registered for this
company .
Bank Entities: There are
|
Exercise:2010 |
Evolution |
|||
|
Treasury |
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Excellent |
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|
|
Indebtedness |
|
Average |
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Profitability |
|
Average |
|
|
|
Balance |
|
Excellent |
|
|
Performance
|
Incidents |
|
Exceptional |
|
Business
Trajectory |
|
Good |
Rating 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.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is medium depending
on its sales volume.
The employees evolution has been positive.
Performance and Incidences
The available information indicates that the
company does have some barely significant 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 |
|
12/06/2012 |
Increase |
16 |
New information has been loaded on our systems. |
|
02/05/2012 |
Equal |
12 |
There has been a variation in the affected
parties of the companys non-payments information. |
|
30/04/2012 |
Equal |
12 |
There has been a variation in the affected
parties of the companys non-payments information. |
|
25/10/2011 |
Reduction |
12 |
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal actions registered .
ADMINISTRATIVE CLAIMS: No administrative claims registered .
AFFECTED BY: No significant element.
Summary
All the unpaid contracts of the company are in a
friendly collection situation.
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 |
|
Telecommunications |
Telecommunications |
- |
> 180 days from the first expired default |
- |
7.117,73 |
05/07/2010 |
30/03/2012 |
|
|
|
|
|
|
7.117,73 |
|
|
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
08/06/2012 11:06:33
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
Figures given in
|
|
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
89.857,00 |
2,46 |
71.881,00 |
1,46 |
59.984,00 |
0,90 |
|
B) CURRENT ASSETS |
3.563.905,00 |
97,54 |
4.845.990,00 |
98,54 |
6.572.174,00 |
99,10 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
1.259.929,00 |
34,48 |
2.322.131,00 |
47,22 |
1.253.548,00 |
18,90 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
2.393.833,00 |
65,52 |
2.595.740,00 |
52,78 |
5.378.610,00 |
81,10 |
Profit and loss
account analysis 
Figures given in
|
|
2011 OWN SOURCES |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
7.468.000,00 |
5.364.222,00 |
|
11.445.741,00 |
|
|
GROSS MARGIN |
|
2.642.981,00 |
49,27 |
5.944.770,00 |
51,94 |
|
EBITDA |
|
-55.197,00 |
-1,03 |
1.586.024,00 |
13,86 |
|
EBIT |
|
-68.294,00 |
-1,27 |
1.573.961,00 |
13,75 |
|
NET RESULT |
397.000,00 |
-62.202,00 |
-1,16 |
1.068.583,00 |
9,34 |
|
EFFECTIVE TAX RATE (%) |
|
-30,00 |
0,00 |
30,00 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
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|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
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|
|
|
|
|
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ASSETS |
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|
|
|
|||
|
A) NON CURRENT ASSETS |
2,46 |
37,04 |
-34,58 |
|
|
|
|
|
A) CURRENT ASSETS |
97,54 |
62,96 |
34,58 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
34,48 |
38,17 |
-3,69 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
19,84 |
|
|
|
|
|
|
C) CURRENT LIABILITIES |
65,52 |
41,99 |
23,53 |
|
|
|
|
|
|
|
|
|
|
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|
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|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
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|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating
income |
|
|
|
|
|
|
|
|
SALES |
93,23 |
99,15 |
-5,92 |
|
|
|
|
|
GROSS MARGIN |
45,94 |
50,19 |
-4,25 |
|
|
|
|
|
EBITDA |
-0,96 |
8,26 |
-9,22 |
|
|
|
|
|
EBIT |
-1,19 |
4,39 |
-5,58 |
|
|
|
|
|
NET RESULT |
-1,08 |
1,84 |
-2,92 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 2822
Number of companies: 29
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 Account Balance |
1.068.583,00 |
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 |
68.583,00 |
|
Total of Amounts to be distributed |
1.068.583,00 |
Dividends |
1.000.000,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
1.068.583,00 |
COMPANY ADDRESSES
Current Legal Seat Address:
CALLE LOS ANGELES, 88 - PG CENTROVIA NAVES 1-2
50196 LA MUELA SARAGOSSA
Previous Seat Address:
CALLE LOS ANGELES (POL INDUSTRIAL CENTROVIA) 15 - NAV 10
50196 LA
MUELA SARAGOSSA
Characteristics of
the current address
Type of establishment: store
Area: 2500 m2
Owners: owned; with no official confirmation
Local Situation: secondary
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
Governing body : 1 member (latest change:
11/12/2007)
Other Positions : 1 (latest change: 24/06/2010)
Auditor : 2 (latest change: 07/12/2011)
Operative Board Members : 3 (latest change: 06/03/2012)
Non-current positions : 1 (latest change: 11/12/2007)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
MIDTGAARD, SOREN |
11/12/2007 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
AUDIHISPANA GRANT THORNTON SL |
27/04/2010 |
|
AUDITOR |
GRANT THORNTON SLP |
07/12/2011 |
There are 4 board members, directors and auditors registered .
Board members remuneration
Source: Annual financial
report 2009
Board
members remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
General Manager |
MIDTGAARD, SOREN |
|
Financial Manager |
SERRANO GALARRAGA, JUAN |
|
Imports Director |
MIDTGAARD, SOREN |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
AVANTI WSH A/S |
DENMARK |
100,00 |
OWN SOURCES |
12/06/2012 |
There are 1 direct financial links through shareholders
registered .
You can obtain business information of foreign companies at the
page D&B INTERNATIONAL
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
MITTGAARD SOREN |
|
Indef. |
B.O.R.M.E. |
11/12/2007 |
POTENTIAL LINKS
Search Criterion: AVANTI WIND SYSTEMS SL
Avanti Online Avanti training on Jamaica Enlarged training
facilities in Spain Inspection of rescue devices European Campaign: Safe Work
in Wind Turbines Avanti Seminar in ...
BUSINESS INFORMATION
Incorporation date: 22/12/2005
Establishment date: 22/12/2005
Activity: Mfg. of lifting & handling equipment
NACE 2009 CODE: 2822
NACE 2009 Activity: Manufacture of lifting and handling
equipment
Business: LA FABRICACION, COMERCIALIZACION AL POR MAYOR,
MONTAJE, REPARACION, REPRESENTACION, IMPORTACION, EXPORTACION, TRANSPORTE Y
SUMINISTRO DE MAQUINARIA PARA TORRES EOLICAS, EQUIPAMIENTOS DE SEGURIDAD Y
ESCALERAS
Latest employees figure: 50 (2012)
% of fixed employees: 83,78%
% of temporary employees: 16,22%
% of men: 92,00%
% of women: 8,00%
Employees
evolution
|
|
|
|
Source: Annual financial report 2008
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
46 |
4 |
COMMERCIAL OPERATIONS
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
AVANTI WIND
SVSTEM CO LTD |
YES |
|
AVANTI
STIGEFABRIK A/S |
YES |
|
AVANTI WIND
SYSTEMS A/S |
YES |
|
AVANTI WIND
SYSTEMS GMBH |
YES |
|
AIP APS |
YES |
|
AVANTI WSH A/S |
YES |
There are 6 Suppliers .
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
AVANTI WSH A/S |
YES |
|
AVANTI WIND
SYSTEM CO LTD |
YES |
|
AVANTI WIND
SYSTEMS GMBH |
YES |
|
AVANTI WIND
SYSTEMS INC. |
YES |
There are 4 Clients .
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANKINTER, S.A. |
0410 |
CL. ESCOSURA (PLAZA ROMA) 67 |
ZARAGOZA |
Saragossa |
|
CAIXABANK, S.A. |
|
|
ZARAGOZA |
|
There are 2 bank entities registered .
Discount facilities: 0
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Credit policy |
Granted limit:500.000,00 Used limit:170.426,00 Available limit:329.574,00
Source: Filed
Accounts (2009) |
|
|
|
There are 1 bank operations registered .
LEGAL
STRUCTURE
Constitution Data
Register Date: 22/12/2005
Register town: Mαlaga
Announcement number: 270396
Register data:
Volume 4062, Book 2973, Folio 186, Section 8, Sheet 84594,
Inscription I/A 1 (2006-05-09)
Share capital: 5.000
Legal form: Sole-partnered Limited Liability Company
Share capital: 5.000,00
Obligation to fill in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E.
(OFFICIAL GAZETTE OF
THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 6 (Last: 20/12/2011, first:
25/05/2006)
Acts on capital: 0
Acts on creation: 1 (Last: 25/05/2006)
Acts on filed accounts: 6 (Last: 05/10/2011, first:
13/12/2007)
Acts on identification: 2 (Last: 19/06/2008, first:
11/12/2007)
Acts on Information: 1 (Last: 11/12/2007)
Latest acts in
B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2010) |
05/10/2011 |
703144 |
Saragossa |
|
|
|
Filed Accounts date: September from 2011 Exercise to which the accounts belong: 2010 Filed Accounts type: Individual Filed accounts available online: DOWNLOAD (+1.0 unit)
TIFFThis product is out of the fee for OPEN contracts66372132010 Publication Data:
Register Saragossa, Gazette 190, Page
54916, Announcement 703144 (05/10/2011) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Re-elections |
20/12/2011 |
505500 |
Saragossa |
|
Annual Filed Accounts (2009) |
18/11/2010 |
1060829 |
Saragossa |
|
Appointments |
24/06/2010 |
252581 |
Saragossa |
|
Annual Filed Accounts (2008) |
27/04/2010 |
171142 |
Saragossa |
|
Appointments |
27/04/2010 |
169212 |
Saragossa |
|
Annual Filed Accounts (2007) |
04/08/2008 |
233042 |
Saragossa |
|
Change of registered address |
19/06/2008 |
308704 |
Saragossa |
|
Annual Filed Accounts (2006) |
09/01/2008 |
14933 |
Saragossa |
|
Annual Filed Accounts (2005) |
13/12/2007 |
1178110 |
Saragossa |
There are 16 acts registered .
Press articles
No press articles registered for this company .
Complementary
Information
Financial Information
El balance cerrado a 31/12/2008 (Deposito 2008) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente presentados.
El balance cerrado a 31/12/2005 (Depσsito 2006) estα disponible en
INFORMA, pero no ha sido cargado por tener una duraciσn inferior a tres meses.
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 06/03/2012.
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 |
89.857,00 |
2,46 |
71.881,00 |
1,46 |
59.984,00 |
0,90 |
|
I. Intangible assets |
8.710,00 |
0,24 |
9.865,00 |
0,20 |
11.446,00 |
0,17 |
|
5. Software |
8.710,00 |
0,24 |
9.865,00 |
0,20 |
11.446,00 |
0,17 |
|
II. Tangible fixed assets |
33.489,00 |
0,92 |
41.016,00 |
0,83 |
27.538,00 |
0,42 |
|
2. Technical fittings and other tangible assets |
33.489,00 |
0,92 |
41.016,00 |
0,83 |
27.538,00 |
0,42 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
21.000,00 |
0,57 |
21.000,00 |
0,43 |
21.000,00 |
0,32 |
|
5. Other financial assets |
21.000,00 |
0,57 |
21.000,00 |
0,43 |
21.000,00 |
0,32 |
|
VI. Assets by deferred taxes |
26.658,00 |
0,73 |
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
3.563.905,00 |
97,54 |
4.845.990,00 |
98,54 |
6.572.174,00 |
99,10 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
777.643,00 |
21,28 |
879.861,00 |
17,89 |
2.328.806,00 |
35,11 |
|
1. Goods available for sale |
6.734,00 |
0,18 |
3.060,00 |
0,06 |
|
|
|
2. Raw material inventory |
743.964,00 |
20,36 |
788.800,00 |
16,04 |
2.328.806,00 |
35,11 |
|
3. Work in Progress |
|
|
44.015,00 |
0,90 |
|
|
|
a) Long production cycle |
|
|
44.015,00 |
0,90 |
|
|
|
4. Finished goods |
26.945,00 |
0,74 |
43.986,00 |
0,89 |
|
|
|
a) Long production cycle |
|
|
43.986,00 |
0,89 |
|
|
|
b) Short production cycle |
26.945,00 |
0,74 |
|
|
|
|
|
III. Trade Debtors and other receivable accounts |
2.773.754,00 |
75,92 |
3.930.014,00 |
79,91 |
4.194.598,00 |
63,25 |
|
1. Clients |
2.002.914,00 |
54,82 |
3.842.630,00 |
78,14 |
3.987.656,00 |
60,13 |
|
b) Clients for sales and short term services
rendering |
2.002.914,00 |
54,82 |
3.842.630,00 |
78,14 |
3.987.656,00 |
60,13 |
|
2. Clients group and associated companies |
716.170,00 |
19,60 |
87.384,00 |
1,78 |
205.988,00 |
3,11 |
|
4. Staff |
|
|
|
|
954,00 |
0,01 |
|
6. Other credits with the Public Administrations |
54.670,00 |
1,50 |
|
|
|
|
|
IV. Short term investments in associated and affiliated companies |
|
|
31.530,00 |
0,64 |
|
|
|
2. Credits to companies |
|
|
31.530,00 |
0,64 |
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
9.748,00 |
0,27 |
358,00 |
0,01 |
|
|
|
VII. Cash and equivalents |
2.760,00 |
0,08 |
4.227,00 |
0,09 |
48.770,00 |
0,74 |
|
1. Treasury |
2.760,00 |
0,08 |
4.227,00 |
0,09 |
48.770,00 |
0,74 |
|
TOTAL ASSETS (A + B) |
3.653.762,00 |
100,00 |
4.917.871,00 |
100,00 |
6.632.158,00 |
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 |
1.259.929,00 |
34,48 |
2.322.131,00 |
47,22 |
1.253.548,00 |
18,90 |
|
A-1) Equity |
1.259.929,00 |
34,48 |
2.322.131,00 |
47,22 |
1.253.548,00 |
18,90 |
|
I. Capital |
5.000,00 |
0,14 |
5.000,00 |
0,10 |
5.000,00 |
0,08 |
|
1. Authorized capital |
5.000,00 |
0,14 |
5.000,00 |
0,10 |
5.000,00 |
0,08 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
1.317.131,00 |
36,05 |
1.248.548,00 |
25,39 |
61.435,00 |
0,93 |
|
1. Legal and statutory |
1.000,00 |
0,03 |
1.000,00 |
0,02 |
1.000,00 |
0,02 |
|
2. Other funds |
1.316.131,00 |
36,02 |
1.247.548,00 |
25,37 |
60.435,00 |
0,91 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
-62.202,00 |
-1,70 |
1.068.583,00 |
21,73 |
1.187.113,00 |
17,90 |
|
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 |
|
|
|
|
|
|
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
|
|
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 |
2.393.833,00 |
65,52 |
2.595.740,00 |
52,78 |
5.378.610,00 |
81,10 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
233.787,00 |
6,40 |
170.426,00 |
3,47 |
|
|
|
2. Debts with bank entities |
233.787,00 |
6,40 |
170.426,00 |
3,47 |
|
|
|
IV. Short term debts with associated and affiliated companies |
430.239,00 |
11,78 |
176.434,00 |
3,59 |
1.495.675,00 |
22,55 |
|
V. Trade creditors and other payable accounts |
1.729.807,00 |
47,34 |
2.248.880,00 |
45,73 |
3.882.935,00 |
58,55 |
|
1. Suppliers |
1.033.767,00 |
28,29 |
1.181.896,00 |
24,03 |
1.492.540,00 |
22,50 |
|
b) Short term suppliers |
1.033.767,00 |
28,29 |
1.181.896,00 |
24,03 |
1.492.540,00 |
22,50 |
|
2. Suppliers group and associated companies |
213.645,00 |
5,85 |
485.751,00 |
9,88 |
1.816.424,00 |
27,39 |
|
3. Different creditors |
|
|
13.545,00 |
0,28 |
|
|
|
4. Staff (pending remunerations) |
|
|
|
|
24.278,00 |
0,37 |
|
5. Liabilities by current taxes |
|
|
286.186,00 |
5,82 |
423.007,00 |
6,38 |
|
6. Other debts with Public Administrations |
58.779,00 |
1,61 |
101.489,00 |
2,06 |
126.686,00 |
1,91 |
|
7. Clients pre-payments |
423.616,00 |
11,59 |
180.013,00 |
3,66 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
3.653.762,00 |
100,00 |
4.917.871,00 |
100,00 |
6.632.158,00 |
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 |
5.364.222,00 |
93,23 |
11.445.741,00 |
99,24 |
13.567.613,00 |
99,87 |
|
2. Variation in stocks of finished goods and work in progress |
-61.056,00 |
-1,06 |
269.180,00 |
2,33 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-3.049.686,00 |
-53,00 |
-5.857.382,00 |
-50,79 |
-7.347.796,00 |
-54,08 |
|
5. Other operating income |
389.501,00 |
6,77 |
87.231,00 |
0,76 |
18.209,00 |
0,13 |
|
6. Labour cost |
-1.369.445,00 |
-23,80 |
-1.919.163,00 |
-16,64 |
-1.820.909,00 |
-13,40 |
|
7. Other operating costs |
-1.455.015,00 |
-25,29 |
-2.627.670,00 |
-22,78 |
-2.613.426,00 |
-19,24 |
|
8. Amortization of fixed assets |
-13.097,00 |
-0,23 |
-12.063,00 |
-0,10 |
-8.918,00 |
-0,07 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
126.282,00 |
2,19 |
188.087,00 |
1,63 |
2.040,00 |
0,02 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
-68.294,00 |
-1,19 |
1.573.961,00 |
13,65 |
1.796.813,00 |
13,23 |
|
14. Financial income |
1.600,00 |
0,03 |
22.479,00 |
0,19 |
2.824,00 |
0,02 |
|
b) Other financial income |
1.600,00 |
0,03 |
22.479,00 |
0,19 |
2.824,00 |
0,02 |
|
15. Financial expenses |
-22.157,00 |
-0,39 |
-78.016,00 |
-0,68 |
-110.826,00 |
-0,82 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-9,00 |
0,00 |
8.123,00 |
0,07 |
1.909,00 |
0,01 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-20.566,00 |
-0,36 |
-47.414,00 |
-0,41 |
-106.093,00 |
-0,78 |
|
C) RESULT BEFORE TAXES (A + B) |
-88.860,00 |
-1,54 |
1.526.547,00 |
13,24 |
1.690.720,00 |
12,44 |
|
20. Taxes on profits |
26.658,00 |
0,46 |
-457.964,00 |
-3,97 |
-503.607,00 |
-3,71 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
D) EXERCISE RESULT (C + 20) |
-62.202,00 |
-1,08 |
1.068.583,00 |
9,27 |
1.187.113,00 |
8,74 |
NET WORTH CHANGES
STATUS
Status of
recognized income and expenses
Figures given in
|
NET WORTH CHANGES (1/2) |
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
-62.202,00 |
1.068.583,00 |
1.187.113,00 |
|
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) |
-62.202,00 |
1.068.583,00 |
1.187.113,00 |
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) |
5.000,00 |
59.880,00 |
1.555,00 |
66.435,00 |
|
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) |
5.000,00 |
59.880,00 |
1.555,00 |
66.435,00 |
|
I. Total recognized income and expenses |
|
|
1.187.113,00 |
1.187.113,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
1.555,00 |
-1.555,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
5.000,00 |
61.435,00 |
1.187.113,00 |
1.253.548,00 |
|
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) |
5.000,00 |
61.435,00 |
1.187.113,00 |
1.253.548,00 |
|
I. Total recognized income and expenses |
|
|
1.068.583,00 |
1.068.583,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
1.187.113,00 |
-1.187.113,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
5.000,00 |
1.248.548,00 |
1.068.583,00 |
2.322.131,00 |
|
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) |
5.000,00 |
1.248.548,00 |
1.068.583,00 |
2.322.131,00 |
|
I. Total recognized income and expenses |
|
|
-62.202,00 |
-62.202,00 |
|
II. Operations with partners or owners |
|
-1.000.000,00 |
|
-1.000.000,00 |
|
4. (-) Dividends distribution |
|
-1.000.000,00 |
|
-1.000.000,00 |
|
III. Other net worth variations |
|
1.068.583,00 |
-1.068.583,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
5.000,00 |
1.317.131,00 |
-62.202,00 |
1.259.929,00 |
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 |
-88.860,00 |
1.526.547,00 |
1.690.720,00 |
|
2. Results adjustments |
33.663,00 |
59.477,00 |
115.011,00 |
|
a) Amortization of fixed assets (+) |
13.097,00 |
12.063,00 |
8.918,00 |
|
g) Financial income (-) |
-1.600,00 |
-22.479,00 |
-2.824,00 |
|
f) Financial expenses (+) |
22.157,00 |
78.016,00 |
110.826,00 |
|
i) Change difference (+/-) |
9,00 |
-8.123,00 |
-1.909,00 |
|
3. Changes in current capital |
1.016.201,00 |
215.935,00 |
-1.648.470,00 |
|
a) Stocks (+/-) |
102.218,00 |
1.448.945,00 |
222.598,00 |
|
b) Debtors and other receivable accounts (+/-) |
1.156.260,00 |
264.584,00 |
-1.649.844,00 |
|
c) Other current assets (+/-) |
-232.887,00 |
|
-221.224,00 |
|
d) Creditors and other payable accounts (+/-) |
-9.390,00 |
-1.497.236,00 |
|
|
f) Other non-current assets and liabilities (+/-) |
|
-358,00 |
|
|
4. Other cash flow coming from operating activities |
-306.743,00 |
-650.322,00 |
-80.400,00 |
|
a) Interests payments (-) |
-22.157,00 |
-78.016,00 |
|
|
b) Dividends collections (+) |
1.600,00 |
|
|
|
c) Interests collections (+) |
|
22.479,00 |
|
|
d) Collections (payments) for profit tax (+/-) |
-286.186,00 |
-594.785,00 |
-80.400,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
654.261,00 |
1.151.637,00 |
76.861,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-4.415,00 |
-55.488,00 |
-5.924,00 |
|
b) Intangible assets |
-2.660,00 |
-2.550,00 |
-5.924,00 |
|
c) Tangible assets |
-1.755,00 |
-21.408,00 |
|
|
e) Other financial assets |
|
-31.530,00 |
|
|
7. Disinvestment collections (+) |
31.530,00 |
|
8.400,00 |
|
e) Other financial assets |
31.530,00 |
|
8.400,00 |
|
8. Cash Flow in investment activities (6 + 7) |
27.115,00 |
-55.488,00 |
2.476,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
|
|
10. Financial liabilities instruments collections and payments |
317.166,00 |
-1.148.815,00 |
-470.625,00 |
|
a) Issue |
317.166,00 |
170.426,00 |
|
|
2. Debts with bank entities (+) |
63.361,00 |
170.426,00 |
|
|
3. Debts with group and associated companies (+) |
253.805,00 |
|
|
|
b) Return and amortization of |
|
-1.319.241,00 |
-470.625,00 |
|
3. Debts with group and associated companies (-) |
|
-1.319.241,00 |
-459.181,00 |
|
5. Other debts (-) |
|
|
-11.444,00 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
-1.000.000,00 |
|
2.824,00 |
|
a) Dividends (-) |
-1.000.000,00 |
|
|
|
b) Other net worth instruments remuneration (-) |
|
|
2.824,00 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-682.834,00 |
-1.148.815,00 |
-467.801,00 |
|
D) Exchange rate variations effect |
-9,00 |
8.123,00 |
1.909,00 |
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-1.467,00 |
-44.543,00 |
-386.555,00 |
|
Cash or equivalents at the beginning of the exercise |
4.227,00 |
48.770,00 |
435.325,00 |
|
Cash or equivalents at the end of the exercise |
2.760,00 |
4.227,00 |
48.770,00 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
1.170.072,00 |
-48,00 |
2.250.250,00 |
88,53 |
1.193.564,00 |
|
Working capital ratio |
0,32 |
-30,43 |
0,46 |
155,56 |
0,18 |
|
Soundness Ratio |
14,02 |
-56,61 |
32,30 |
54,59 |
20,90 |
|
Average Collection Period (days) |
186 |
50,73 |
123 |
11,00 |
111 |
|
Average Payment Period (days) |
173 |
67,83 |
103 |
-47,04 |
194 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
148,88 |
-20,25 |
186,69 |
52,79 |
122,19 |
|
Quick Ratio (%) |
0,12 |
-25,00 |
0,16 |
-82,42 |
0,91 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
18,17 |
157,73 |
7,05 |
-68,74 |
22,55 |
|
External Financing Average Cost |
0,03 |
-86,96 |
0,22 |
228,57 |
0,07 |
|
Debt Service Coverage |
1,02 |
236,67 |
0,30 |
-98,46 |
19,46 |
|
Interest Coverage |
-3,08 |
-115,26 |
20,18 |
24,49 |
16,21 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
12,20 |
21,27 |
10,06 |
1.664,91 |
0,57 |
|
Auto financing generated by Assets (%) |
17,91 |
-23,53 |
23,42 |
1.918,97 |
1,16 |
|
Breakdown Point |
0,99 |
-14,66 |
1,16 |
0,87 |
1,15 |
|
Average Sales Volume per Employee |
146.804,11 |
-40,06 |
244.933,47 |
-31,40 |
357.042,45 |
|
Average Cost per Employee |
37.477,97 |
-8,74 |
41.069,18 |
-14,29 |
47.918,66 |
|
Assets Turnover |
1,47 |
-36,91 |
2,33 |
13,66 |
2,05 |
|
Inventory Turnover (days) |
92 |
70,00 |
54 |
-52,68 |
114 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
-1,87 |
-105,84 |
32,00 |
18,16 |
27,09 |
|
Operating Profitability (%) |
-1,51 |
-104,68 |
32,25 |
18,44 |
27,23 |
|
Return on Equity (ROE) (%) |
-7,05 |
-110,72 |
65,74 |
-51,26 |
134,88 |
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 |
2,46 |
37,04 |
-34,58 |
|
A) CURRENT ASSETS |
97,54 |
62,96 |
34,58 |
|
LIABILITIES |
|||
|
A) NET WORTH |
34,48 |
38,17 |
-3,69 |
|
B) NON CURRENT LIABILITIES |
|
19,84 |
|
|
C) CURRENT LIABILITIES |
65,52 |
41,99 |
23,53 |
Results Analytical
Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
93,23 |
99,15 |
-5,92 |
|
Other operating income |
6,77 |
0,85 |
5,92 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-53,00 |
-50,97 |
-2,03 |
|
Variation in stocks of finished goods and work in progress |
-1,06 |
1,16 |
-2,22 |
|
GROSS MARGIN |
45,94 |
50,19 |
-4,25 |
|
Other operating costs |
-25,29 |
-14,27 |
-11,02 |
|
Labour cost |
-23,80 |
-28,26 |
4,46 |
|
GROSS OPERATING RESULT |
-3,15 |
7,65 |
-10,80 |
|
Amortization of fixed assets |
-0,23 |
-3,34 |
3,11 |
|
Deterioration and result for fixed assets disposal |
|
-0,14 |
|
|
Other expenses / income |
|
0,22 |
|
|
NET OPERATING RESULT |
-1,19 |
4,39 |
-5,58 |
|
Financial result |
-0,36 |
-1,92 |
1,56 |
|
RESULT BEFORE TAX |
-1,54 |
2,47 |
-4,01 |
|
Taxes on profits |
0,46 |
-0,63 |
1,09 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
-1,08 |
1,84 |
-2,92 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
-1,08 |
1,84 |
-2,92 |
|
Amortization of fixed assets |
-0,23 |
-3,34 |
3,11 |
|
Deterioration and provisions variation |
-0,23 |
-0,53 |
0,30 |
|
|
-0,63 |
5,70 |
-6,34 |
Main Ratios
Figures given in
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
1.170.072,00 |
271.060,53 |
569.372,44 |
1.157.640,88 |
|
Working capital ratio |
0,32 |
0,07 |
0,21 |
0,35 |
|
Soundness Ratio |
14,02 |
0,67 |
1,33 |
2,82 |
|
Average Collection Period (days) |
186 |
70 |
106 |
131 |
|
Average Payment Period (days) |
173 |
107 |
139 |
165 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
148,88 |
120,23 |
145,02 |
189,33 |
|
Quick Ratio (%) |
0,12 |
5,06 |
19,52 |
47,01 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
18,17 |
10,40 |
32,84 |
45,61 |
|
External Financing Average Cost |
0,03 |
0,04 |
0,06 |
0,09 |
|
Debt Service Coverage |
1,02 |
1,22 |
7,14 |
10,08 |
|
Interest Coverage |
-3,08 |
1,23 |
1,83 |
3,92 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
12,20 |
2,68 |
4,09 |
7,14 |
|
Auto financing generated by Assets (%) |
17,91 |
3,41 |
4,80 |
8,69 |
|
Breakdown Point |
0,99 |
1,03 |
1,04 |
1,06 |
|
Average Sales Volume per Employee |
146.804,11 |
102.577,98 |
121.991,05 |
136.965,77 |
|
Average Cost per Employee |
37.477,97 |
28.256,58 |
34.600,19 |
42.290,80 |
|
Assets Turnover |
1,47 |
0,94 |
1,22 |
1,54 |
|
Inventory Turnover (days) |
92 |
32 |
99 |
189 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
-1,87 |
3,11 |
5,38 |
6,57 |
|
Operating Profitability (%) |
-1,51 |
5,19 |
8,33 |
11,54 |
|
Return on Equity (ROE) (%) |
-7,05 |
2,48 |
8,29 |
13,74 |
ADDITIONAL INFORMATION
Consulted Sources
Mercantile Registrars
Chamber of Commerce / Camerdata
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
BOP
INTERNET
La propia empresa.
This company has been consulted was last displayed on 01/06/2012,
15 times in the last quarter and 517 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.85 |
|
UK Pound |
1 |
Rs.86.88 |
|
Euro |
1 |
Rs.69.88 |
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 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.