MIRA
INFORM REPORT
|
Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
DIGITILE SERVICE CERAMIC SL |
|
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Registered Office : |
Partida Torreta (Apartado Correos 307), S/N 12110 Alcora Castellón |
|
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Country : |
Spain |
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|
Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
23.10.2006 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees : |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
404.000,00 € |
|
Status : |
Good |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
DIGITILE SERVICE CERAMIC SL
CIF/NIF: B12735080
Company situation: Active
EXECUTIVE
SUMMARY
Identification
Current Business Name: DIGITILE SERVICE CERAMIC SL
Other names: NO
Current Address: PARTIDA TORRETA (APARTADO
CORREOS 307), S/N
Branches: 1
Telephone number: 964367215 Fax: 964367205
URL: www.torrecid.com
Trade Risk
Credit appraisal: 404.000,00 €
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2010): 12.035.733,81 € (Commercial Registry)
Result: 1.362.837,2 €
Total Assets: 8.684.332,11 €
Share capital: 200.000,00 €
Employees: 15
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 23/10/2006
Activity: Wholesale of other except chemical
& mineral products
NACE 2009 CODE: 4690
International Operations: Imports and
Exports
Corporate Structure
President:
Parent Company:
Other Complementary Information
Latest filed accounts in the Commercial Registry: 2010
Latest act published in BORME: 15/02/2011 Annual Filed Accounts
Latest press article: No press articles registered
Bank Entities: There are
The date when this report was last updated is 07/03/2012.
The information contained in this report has been investigated and
contrasted on 07/03/2012
RATING
Credit appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 404.000,00 €
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
22/02/2012 |
Increase |
17 |
•
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
02/03/2012 14:03:57
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 |
95.852,71 |
1,10 |
111.780,51 |
3,69 |
132.094,92 |
4,24 |
|
B) CURRENT ASSETS |
8.588.479,40 |
98,90 |
2.920.253,92 |
96,31 |
2.986.177,02 |
95,76 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
2.467.463,16 |
28,41 |
1.104.625,96 |
36,43 |
617.122,16 |
19,79 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
6.216.868,95 |
71,59 |
1.927.408,47 |
63,57 |
2.501.149,78 |
80,21 |
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 |
12.035.733,81 |
|
6.552.717,35 |
|
8.837.396,24 |
|
|
GROSS MARGIN |
3.369.778,28 |
28,00 |
1.726.254,35 |
26,34 |
1.866.524,12 |
21,12 |
|
EBITDA |
2.036.954,88 |
16,92 |
690.088,28 |
10,53 |
605.327,26 |
6,85 |
|
EBIT |
1.967.587,64 |
16,35 |
714.937,92 |
10,91 |
582.987,36 |
6,60 |
|
NET RESULT |
1.362.837,20 |
11,32 |
487.503,80 |
7,44 |
394.929,32 |
4,47 |
|
EFFECTIVE TAX RATE (%) |
29,91 |
0,00 |
29,76 |
0,00 |
29,30 |
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 |
1,10 |
28,63 |
-27,53 |
|
|
|
|
|
A) CURRENT ASSETS |
98,90 |
71,37 |
27,53 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
28,41 |
40,98 |
-12,57 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
9,74 |
|
|
|
|
|
|
C) CURRENT LIABILITIES |
71,59 |
49,27 |
22,32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
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SALES |
99,54 |
98,72 |
0,82 |
|
|
|
|
|
GROSS MARGIN |
27,87 |
28,55 |
-0,68 |
|
|
|
|
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EBITDA |
16,85 |
5,74 |
11,10 |
|
|
|
|
|
EBIT |
16,27 |
3,88 |
12,39 |
|
|
|
|
|
NET RESULT |
11,27 |
2,32 |
8,96 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 469
Number of companies: 134
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 |
1.362.837,20 |
Legal Reserve |
0,00 |
|
Carry over |
625,96 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
1.363.000,00 |
|
Total of Amounts to be distributed |
1.363.463,16 |
Dividends |
0,00 |
|
|
|
Carry over and others |
463,16 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
1.363.463,16 |
Auditing
Source: filing of annual financial statement 2010
Auditors’ opinion: FAVOURABLE
Auditor: FONT ARQUER JOSE ANTONIO
Auditing fees: 5.850,00 €
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.
ADDRESSES
Current Legal Seat Address:
PARTIDA TORRETA (APARTADO CORREOS 307), S/N
12110 ALCORA
CASTELLÓN
Characteristics of the current address
Type of establishment: store
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CARRETERA CASTELLON-TERUEL (NAVE 8), 8 |
12110 |
ALCORA |
Castellón |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
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Distribution of the administration board |
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|
Governing body : 6 members (latest change:
07/12/2006) Other Positions : 1 (latest change: 07/12/2006) Auditor : 2 (latest change: 07/09/2010) Operative Board Members : 1 (latest change: 28/01/2011) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
MICHAVILA HERAS, FEDERICO |
07/12/2006 |
|
MEMBER OF THE BOARD |
LAHUERTA SERRA, JOSE VICENTE |
07/12/2006 |
|
MEMBER OF THE BOARD |
MICHAVILA HERAS, MIGUEL ANGEL |
07/12/2006 |
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Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
FONT ARQUER, CONRADO |
07/09/2010 |
|
AUDITOR |
FONT ARQUER, JOSE ANTONIO |
07/09/2010 |
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
Exports Director |
SANDOS, EDGAR |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TORRECID SOCIEDAD ANONIMA |
A12011946 |
97,88 |
OWN SOURCES |
28/01/2011 |
|
|
AL FARBEN SA |
A12029039 |
Indef. |
COMMERCIAL REGISTRY |
31/12/2010 |
Majority shareholder of TORRECID SOCIEDAD ANONIMA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PAINVER SA |
A12311254 |
38,12 |
OWN SOURCES |
08/04/2011 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”FEDERICO MICHAVILA HERAS”
|
COMPANY |
POSITION |
PROVINCE |
|
WANDEGAR 2001 SL |
Presidente |
CASTELLON |
|
COLORES CERAMICOS DE TORTOSA SOCIEDAD ANONIMA |
Presidente |
TARRAGONA |
|
DIGITILE SERVICE CERAMIC SL |
Presidente |
CASTELLON |
|
AL FARBEN SA |
Presidente |
CASTELLON |
|
CHILCHES MATERIALS SA |
Presidente |
CASTELLON |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”DIGITILE SERVICE CERAMIC SL”
URL: www.torrecid.com
Spain - Torrecid Within our innovation of he new digital
decoration a specialized technical service was created ºin 2006 under the name
of Digital Service Ceramic SL (DSC).
BUSINESS INFORMATION
Incorporation date: 23/10/2006
Establishment date: 01/01/2006
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Code: 1617000
Activity: Wholesale ofother except chemical & mineral
products
NACE 2009 CODE: 4690
NACE 2009 Activity: Non-specialised wholesale trade
Business: 1. -
MANUFACTURE, IMPORT, EXPORT, THE BROKERAGE AND WHOLESALE
AND RETAIL INDUSTRIAL
MACHINERY AND EQUIPMENT COMPUTERS AND PROGRAMMES RELATED TO THE SAME, AND ELECTRON
ELECTRIC APPLIANCES
Latest employees figure: 15 (2011)
% of fixed employees: 100,00%
% of men: 92,86%
% of women: 7,14%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
13 |
1 |
PURCHASES
Import Percentage: 99%
Imports from: UE Y OTROS PAISES
National Distribution: 1%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
TORRECID SA |
NO |
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
TORRECID SA |
NO |
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE VALENCIA, S.A. |
|
|
|
|
Discount facilities: 1
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Credit policy |
Granted limit:2.300.000,00 € Used limit:1.677.000,20
€ Available limit:622.999,80
€ Source: Filed Accounts (2010) |
|
|
|
|
Debt type: Discount
facilities |
Granted limit:3.700.000,00 € Used limit:0,00 € Available limit:3.700.000,00
€ Source: Filed
Accounts (2010) |
LEGAL STRUCTURE
Constitution Data
Register Date: 23/10/2006
Register town: Castellón
Announcement number: 585119
Register data:
Volume 1373, Book 936, Folio 85, Section 8, Sheet 26984,
Inscription I/A 1 (2006-11-23)
Share capital: 200.000 €
Legal form: Limited Liability Company
Share capital: 200.000,00 €
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: 4 (Last: 07/09/2010, first:
07/12/2006)
Acts on capital: 0
Acts on creation: 1 (Last: 07/12/2006)
Acts on filed accounts: 4 (Last: 15/02/2011, first:
14/01/2008)
Acts on identification: 0
Acts on Information: 0
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2009) |
15/02/2011 |
74757 |
Castellón |
|
Appointments |
07/09/2010 |
343602 |
Castellón |
|
Annual Filed Accounts (2008) |
01/02/2010 |
73316 |
Castellón |
|
Annual Filed Accounts (2007) |
09/01/2009 |
6988 |
Castellón |
|
Annual Filed Accounts (2006) |
14/01/2008 |
23299 |
Castellón |
|
Appointments |
07/12/2006 |
585121 |
Castellón |
|
Appointments |
07/12/2006 |
585120 |
Castellón |
|
Appointments |
07/12/2006 |
585119 |
Castellón |
|
Constitution |
07/12/2006 |
585119 |
Castellón |
Complementary Information
Financial Information
El balance cerrado a 31/12/2006 (Depósito 2006) está disponible, pero no
ha sido cargado por tener una duración inferior a tres meses.
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 22/02/2012.
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 |
95.852,71 |
1,10 |
111.780,51 |
3,69 |
132.094,92 |
4,24 |
|
I. Intangible assets |
863,90 |
0,01 |
1.503,44 |
0,05 |
2.142,98 |
0,07 |
|
5. Software |
863,90 |
0,01 |
1.503,44 |
0,05 |
|
|
|
II. Tangible fixed assets |
91.871,60 |
1,06 |
107.159,86 |
3,53 |
126.834,73 |
4,07 |
|
1. Property, plant and equipment |
730,88 |
0,01 |
755,52 |
0,02 |
|
|
|
2. Technical fittings and other tangible
assets |
91.140,72 |
1,05 |
106.404,34 |
3,51 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
3.117,21 |
0,04 |
3.117,21 |
0,10 |
3.117,21 |
0,10 |
|
5. Other financial assets |
3.117,21 |
0,04 |
3.117,21 |
0,10 |
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
8.588.479,40 |
98,90 |
2.920.253,92 |
96,31 |
2.986.177,02 |
95,76 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
2.136.587,36 |
24,60 |
872.081,20 |
28,76 |
1.747.281,28 |
56,03 |
|
1. Goods available for sale |
1.767.688,02 |
20,35 |
804.495,37 |
26,53 |
|
|
|
2. Raw material inventory |
5.749,34 |
0,07 |
5.961,80 |
0,20 |
|
|
|
6. Pre-payments to suppliers |
363.150,00 |
4,18 |
61.624,03 |
2,03 |
|
|
|
III. Trade Debtors and other receivable
accounts |
6.448.401,28 |
74,25 |
1.798.180,76 |
59,31 |
1.238.409,92 |
39,71 |
|
1. Clients |
5.961.366,22 |
68,65 |
1.197.649,16 |
39,50 |
|
|
|
b) Clients for sales and
short term services rendering |
5.961.366,22 |
68,65 |
1.197.649,16 |
39,50 |
|
|
|
2. Clients group and associated companies |
486.568,11 |
5,60 |
598.493,96 |
19,74 |
|
|
|
4. Staff |
400,00 |
0,00 |
2.037,64 |
0,07 |
|
|
|
6. Other credits with the Public
Administrations |
66,95 |
0,00 |
|
|
|
|
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
3.490,76 |
0,04 |
249.991,96 |
8,25 |
485,82 |
0,02 |
|
1. Treasury |
3.490,76 |
0,04 |
249.991,96 |
8,25 |
|
|
|
TOTAL ASSETS (A + B) |
8.684.332,11 |
100,00 |
3.032.034,43 |
100,00 |
3.118.271,94 |
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 |
2.467.463,16 |
28,41 |
1.104.625,96 |
36,43 |
617.122,16 |
19,79 |
|
A-1) Equity |
2.467.463,16 |
28,41 |
1.104.625,96 |
36,43 |
617.122,16 |
19,79 |
|
I. Capital |
200.000,00 |
2,30 |
200.000,00 |
6,60 |
200.000,00 |
6,41 |
|
1. Authorized capital |
200.000,00 |
2,30 |
200.000,00 |
6,60 |
200.000,00 |
6,41 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
904.000,00 |
10,41 |
417.122,16 |
13,76 |
22.192,84 |
0,71 |
|
1. Legal and statutory |
40.000,00 |
0,46 |
40.000,00 |
1,32 |
|
|
|
2. Other funds |
864.000,00 |
9,95 |
377.122,16 |
12,44 |
|
|
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
625,96 |
0,01 |
|
|
|
|
|
1. Carry over |
625,96 |
0,01 |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
1.362.837,20 |
15,69 |
487.503,80 |
16,08 |
394.929,32 |
12,67 |
|
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 |
6.216.868,95 |
71,59 |
1.927.408,47 |
63,57 |
2.501.149,78 |
80,21 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
1.681.970,96 |
19,37 |
1.365.143,74 |
45,02 |
311.021,19 |
9,97 |
|
2. Debts with bank entities |
1.681.970,96 |
19,37 |
1.365.143,74 |
45,02 |
|
|
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
713.023,45 |
22,87 |
|
V. Trade creditors and other payable
accounts |
4.534.897,99 |
52,22 |
562.264,73 |
18,54 |
1.474.286,22 |
47,28 |
|
1. Suppliers |
1.653.330,08 |
19,04 |
2.054,99 |
0,07 |
|
|
|
b) Short term suppliers |
1.653.330,08 |
19,04 |
2.054,99 |
0,07 |
|
|
|
2. Suppliers group and associated
companies |
234.529,99 |
2,70 |
194.335,05 |
6,41 |
|
|
|
3. Different creditors |
36.107,82 |
0,42 |
26.224,19 |
0,86 |
|
|
|
4. Staff (pending remunerations) |
69.529,89 |
0,80 |
39.730,02 |
1,31 |
|
|
|
5. Liabilities by current taxes |
224.909,74 |
2,59 |
88.057,40 |
2,90 |
|
|
|
6. Other debts with Public Administrations |
187.914,47 |
2,16 |
89.863,08 |
2,96 |
|
|
|
7. Clients pre-payments |
2.128.576,00 |
24,51 |
122.000,00 |
4,02 |
|
|
|
VI. Short term periodifications |
|
|
|
|
2.818,92 |
0,09 |
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
8.684.332,11 |
100,00 |
3.032.034,43 |
100,00 |
3.118.271,94 |
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 |
12.035.733,81 |
99,54 |
6.552.717,35 |
98,98 |
8.837.396,24 |
99,35 |
|
A) Sales |
11.856.254,34 |
98,06 |
6.422.018,97 |
97,00 |
|
|
|
b) Services provided |
179.479,47 |
1,48 |
130.698,38 |
1,97 |
|
|
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-8.721.555,87 |
-72,13 |
-4.894.138,53 |
-73,93 |
-7.028.567,89 |
-79,02 |
|
a) Material consumed |
-8.690.249,79 |
-71,87 |
-4.865.997,25 |
-73,50 |
|
|
|
b) Raw materials consumed |
-31.306,08 |
-0,26 |
-28.141,28 |
-0,43 |
|
|
|
5. Other operating income |
55.600,34 |
0,46 |
67.675,53 |
1,02 |
57.695,77 |
0,65 |
|
a) Other incomes |
55.600,34 |
0,46 |
67.675,53 |
1,02 |
|
|
|
6. Labour cost |
-658.545,55 |
-5,45 |
-591.921,57 |
-8,94 |
-528.731,40 |
-5,94 |
|
a) Wages and similar expenses |
-509.478,59 |
-4,21 |
-450.734,76 |
-6,81 |
|
|
|
b) Social costs |
-149.066,96 |
-1,23 |
-141.186,81 |
-2,13 |
|
|
|
7. Other operating costs |
-722.555,55 |
-5,98 |
-395.291,11 |
-5,97 |
-732.465,80 |
-8,23 |
|
a) External services |
-667.095,96 |
-5,52 |
-442.361,19 |
-6,68 |
|
|
|
b) Taxes |
-6.714,86 |
-0,06 |
-1.927,10 |
-0,03 |
|
|
|
c) Losses, deterioration and variation on
business operations provisions |
-48.744,73 |
-0,40 |
48.997,18 |
0,74 |
|
|
|
8. Amortization of fixed assets |
-20.622,51 |
-0,17 |
-24.147,54 |
-0,36 |
-22.339,90 |
-0,25 |
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed
assets disposal |
-478,23 |
0,00 |
|
|
|
|
|
b) Results for disposals and others |
-478,23 |
0,00 |
|
|
|
|
|
12. Negative difference of business
combinations |
|
|
|
|
|
|
|
13. Other results |
11,20 |
0,00 |
43,79 |
0,00 |
0,34 |
0,00 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 +
6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
1.967.587,64 |
16,27 |
714.937,92 |
10,80 |
582.987,36 |
6,55 |
|
14. Financial income |
1,16 |
0,00 |
44,17 |
0,00 |
6.329,34 |
0,07 |
|
b) From negotiable values and other
financial instruments |
1,16 |
0,00 |
44,17 |
0,00 |
|
|
|
b 2) From third parties |
1,16 |
0,00 |
44,17 |
0,00 |
|
|
|
15. Financial expenses |
-23.291,41 |
-0,19 |
-21.086,20 |
-0,32 |
-30.709,72 |
-0,35 |
|
b) For debts with third parties |
-23.291,41 |
-0,19 |
-21.086,20 |
-0,32 |
|
|
|
16. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
21,15 |
0,00 |
162,85 |
0,00 |
12,49 |
0,00 |
|
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) |
-23.269,10 |
-0,19 |
-20.879,18 |
-0,32 |
-24.367,89 |
-0,27 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
1.944.318,54 |
16,08 |
694.058,74 |
10,48 |
558.619,47 |
6,28 |
|
20. Taxes on profits |
-581.481,34 |
-4,81 |
-206.554,94 |
-3,12 |
-163.690,15 |
-1,84 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED
OPERATIONS (A.3 + 20) |
1.362.837,20 |
11,27 |
487.503,80 |
7,36 |
|
|
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming
from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
1.362.837,20 |
11,27 |
487.503,80 |
7,36 |
394.929,32 |
4,44 |
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 |
1.362.837,20 |
487.503,80 |
394.929,32 |
|
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) |
1.362.837,20 |
487.503,80 |
394.929,32 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
200.000,00 |
|
|
22.192,84 |
|
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) |
200.000,00 |
|
|
22.192,84 |
|
I. Total recognized income and expenses |
|
|
|
394.929,32 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
22.192,84 |
|
-22.192,84 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
200.000,00 |
22.192,84 |
|
394.929,32 |
|
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) |
200.000,00 |
22.192,84 |
|
394.929,32 |
|
I. Total recognized income and expenses |
|
|
|
487.503,80 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
394.929,32 |
|
-394.929,32 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
200.000,00 |
417.122,16 |
|
487.503,80 |
|
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) |
200.000,00 |
417.122,16 |
|
487.503,80 |
|
I. Total recognized income and expenses |
|
|
|
1.362.837,20 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
486.877,84 |
625,96 |
-487.503,80 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
200.000,00 |
904.000,00 |
625,96 |
1.362.837,20 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
222.192,84 |
|
||
|
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) |
222.192,84 |
|
||
|
I. Total recognized income and expenses |
394.929,32 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
617.122,16 |
|
||
|
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) |
617.122,16 |
|
||
|
I. Total recognized income and expenses |
487.503,80 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.104.625,96 |
|
||
|
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) |
1.104.625,96 |
|
||
|
I. Total recognized income and expenses |
1.362.837,20 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
2.467.463,16 |
|
||
CASH FLOW STATUS
Figures given in €
|
|
31/12/2010 (12) |
31/12/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING
ACTIVITIES |
|
|
|
1. exercise result before taxes |
1.944.318,54 |
694.058,74 |
|
2. Results adjustments |
93.084,89 |
-4.014,25 |
|
a) Amortization of fixed assets (+) |
20.622,51 |
24.147,54 |
|
c) Change of Provisions (+/-) |
48.744,73 |
-48.997,18 |
|
e) Results for decline and disposal of
fixed assets (+/-) |
478,23 |
|
|
g) Financial income (-) |
-1,16 |
-44,17 |
|
f) Financial expenses (+) |
23.291,42 |
21.086,20 |
|
i) Change difference (+/-) |
-21,15 |
-162,85 |
|
k) Other income and expenses (-/+) |
-29,69 |
-43,79 |
|
3. Changes in current capital |
-2.127.690,49 |
-1.190.789,18 |
|
a) Stocks (+/-) |
-1.284.055,19 |
894.749,11 |
|
b) Debtors and other receivable accounts
(+/-) |
-4.700.535,94 |
-575.850,82 |
|
c) Other current assets (+/-) |
-66,95 |
67.114,80 |
|
d) Creditors and other payable accounts
(+/-) |
1.751.714,85 |
-1.616.633,59 |
|
e) Other current liabilities (+/-) |
2.105.252,74 |
39.831,32 |
|
4. Other cash flow coming from operating
activities |
-467.753,65 |
-298.243,91 |
|
a) Interests payments (-) |
-23.176,65 |
-19.291,52 |
|
c) Interests collections (+) |
1,16 |
44,17 |
|
d) Collections (payments) for profit tax
(+/-) |
-444.629,00 |
-279.203,20 |
|
e) Other payments (collections) (-/+) |
50,84 |
206,64 |
|
5. Cash flow coming from operating
activities (1 + 2 + 3 + 4) |
-558.040,71 |
-798.988,60 |
|
B) CASH FLOW COMING FROM INVESTING
ACTIVITIES |
|
|
|
6. Investment payments (-) |
-5.172,94 |
-3.833,13 |
|
c) Tangible assets |
-5.172,94 |
-3.833,13 |
|
7. Disinvestment collections (+) |
|
|
|
8. Cash Flow in investment activities (6 +
7) |
-5.172,94 |
-3.833,13 |
|
C) CASH FLOW COMING FROM FINANCING
ACTIVITIES |
|
|
|
9. Net worth instruments collections and
payments |
|
|
|
10. Financial liabilities instruments
collections and payments |
316.712,45 |
1.052.327,87 |
|
a) Issue |
338.964,42 |
1.052.327,87 |
|
2. Debts with bank
entities (+) |
338.964,42 |
1.052.327,87 |
|
b) Return and amortization of |
-22.251,97 |
|
|
2. Debts with bank
entities (-) |
-22.251,97 |
|
|
11. Payments for dividends and
remunerations of other net worth instruments |
|
|
|
12. Cash Flow in financing activities (9 +
10 + 11) |
316.712,45 |
1.052.327,87 |
|
D) Exchange rate variations effect |
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE /
REDUCTION (5 + 8 + 12 + D) |
-246.501,20 |
249.506,14 |
|
Cash or equivalents at the beginning of
the exercise |
249.991,96 |
485,82 |
|
Cash or equivalents at the end of the
exercise |
3.490,76 |
249.991,96 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
2.371.610,45 |
138,87 |
992.845,45 |
104,70 |
485.027,24 |
|
Working capital ratio |
0,27 |
-18,18 |
0,33 |
106,25 |
0,16 |
|
Soundness Ratio |
25,74 |
160,53 |
9,88 |
111,56 |
4,67 |
|
Average Collection Period (days) |
193 |
95,62 |
99 |
95,71 |
50 |
|
Average Payment Period (days) |
173 |
352,83 |
38 |
-62,41 |
102 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
138,15 |
-8,82 |
151,51 |
26,90 |
119,39 |
|
Quick Ratio (%) |
0,06 |
-99,54 |
12,97 |
64.750,00 |
0,02 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
19,37 |
-56,97 |
45,02 |
37,09 |
32,84 |
|
External Financing Average Cost |
0,01 |
-50,00 |
0,02 |
-33,33 |
0,03 |
|
Debt Service Coverage |
-3,01 |
-76,02 |
-1,71 |
-169,80 |
2,45 |
|
Interest Coverage |
84,48 |
149,13 |
33,90 |
78,66 |
18,98 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-4,64 |
61,94 |
-12,19 |
-358,26 |
4,72 |
|
Auto financing generated by Assets (%) |
-6,43 |
75,60 |
-26,35 |
-296,94 |
13,38 |
|
Breakdown Point |
1,20 |
7,14 |
1,12 |
4,67 |
1,07 |
|
Average Sales Volume per Employee |
834.077,19 |
79,47 |
464.731,73 |
-29,53 |
659.507,18 |
|
Average Cost per Employee |
45.637,25 |
8,71 |
41.980,25 |
6,39 |
39.457,57 |
|
Assets Turnover |
1,39 |
-35,65 |
2,16 |
-23,67 |
2,83 |
|
Inventory Turnover (days) |
88 |
37,64 |
64 |
-28,51 |
90 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
22,66 |
-3,90 |
23,58 |
26,10 |
18,70 |
|
Operating Profitability (%) |
22,89 |
-6,11 |
24,38 |
25,61 |
19,41 |
|
Return on Equity (ROE) (%) |
78,80 |
25,42 |
62,83 |
-30,59 |
90,52 |
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 |
1,10 |
28,63 |
-27,53 |
|
A) CURRENT ASSETS |
98,90 |
71,37 |
27,53 |
|
LIABILITIES |
|||
|
A) NET WORTH |
28,41 |
40,98 |
-12,57 |
|
B) NON CURRENT LIABILITIES |
|
9,74 |
|
|
C) CURRENT LIABILITIES |
71,59 |
49,27 |
22,32 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,54 |
98,72 |
0,82 |
|
Other operating income |
0,46 |
1,28 |
-0,82 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-72,13 |
-71,43 |
-0,70 |
|
Variation in stocks of finished goods and
work in progress |
|
-0,02 |
|
|
GROSS MARGIN |
27,87 |
28,55 |
-0,68 |
|
Other operating costs |
-5,98 |
-11,59 |
5,61 |
|
Labour cost |
-5,45 |
-11,89 |
6,44 |
|
GROSS OPERATING RESULT |
16,45 |
5,07 |
11,38 |
|
Amortization of fixed assets |
-0,17 |
-1,30 |
1,13 |
|
Deterioration and result for fixed assets
disposal |
0,00 |
-0,02 |
0,02 |
|
Other expenses / income |
|
0,14 |
|
|
NET OPERATING RESULT |
16,27 |
3,88 |
12,39 |
|
Financial result |
-0,19 |
-0,63 |
0,44 |
|
RESULT BEFORE TAX |
16,08 |
3,25 |
12,83 |
|
Taxes on profits |
-4,81 |
-0,94 |
-3,87 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
11,27 |
2,31 |
8,96 |
|
Exercise result coming from discontinued
operations net of taxes |
|
0,01 |
|
|
NET RESULT |
11,27 |
2,32 |
8,96 |
|
Amortization of fixed assets |
-0,17 |
-1,30 |
1,13 |
|
Deterioration and provisions variation |
-0,57 |
-0,56 |
-0,01 |
|
|
12,02 |
4,18 |
7,84 |
Main Ratios
Figures given in €
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
2.371.610,45 |
634.306,53 |
1.726.876,04 |
3.086.580,73 |
|
Working capital ratio |
0,27 |
0,09 |
0,23 |
0,38 |
|
Soundness Ratio |
25,74 |
0,99 |
1,81 |
4,04 |
|
Average Collection Period (days) |
193 |
65 |
103 |
135 |
|
Average Payment Period (days) |
173 |
59 |
88 |
118 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
138,15 |
116,99 |
140,28 |
188,01 |
|
Quick Ratio (%) |
0,06 |
2,72 |
8,84 |
28,67 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
19,37 |
10,84 |
22,24 |
36,55 |
|
External Financing Average Cost |
0,01 |
0,04 |
0,05 |
0,07 |
|
Debt Service Coverage |
-3,01 |
1,48 |
4,20 |
10,84 |
|
Interest Coverage |
84,48 |
1,24 |
2,97 |
9,68 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-4,64 |
1,20 |
2,53 |
5,35 |
|
Auto financing generated by Assets (%) |
-6,43 |
2,05 |
4,02 |
8,09 |
|
Breakdown Point |
1,20 |
1,01 |
1,03 |
1,06 |
|
Average Sales Volume per Employee |
834.077,19 |
214.935,58 |
353.123,50 |
492.232,26 |
|
Average Cost per Employee |
45.637,25 |
28.168,87 |
35.726,44 |
46.713,66 |
|
Assets Turnover |
1,39 |
1,12 |
1,44 |
2,24 |
|
Inventory Turnover (days) |
88 |
32 |
57 |
102 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
22,66 |
2,19 |
4,62 |
8,74 |
|
Operating Profitability (%) |
22,89 |
3,66 |
6,84 |
11,54 |
|
Return on Equity (ROE) (%) |
78,80 |
2,61 |
7,27 |
21,34 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.57 |
|
|
1 |
Rs.79.57 |
|
Euro |
1 |
Rs.66.49 |
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.