MIRA
INFORM REPORT
|
Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
COMERCIAL FAMA SA |
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Registered Office : |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.01.1982 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Wholesale of other machinery and equipment |
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No. of Employees : |
48 |
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 : |
334.000,00 € |
|
Status : |
Good |
|
Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name
COMERCIAL FAMA SA
CIF/NIF: A78618758
Company situation: Active
EXECUTIVE
SUMMARY
Identification
Current Business Name: COMERCIAL FAMA SA
Other names: YES
Current Address: AVENIDA DE LA INDUSTRIA, 76
28970 HUMANES DE MADRID MADRID
Telephone number: 902228228 Fax: 902464464
URL: www.comercialfama.es
Corporate e-mail: comercial@comercialfama.es
Trade Risk
Credit appraisal: 334.000,00 €
Incidents: YES
R.A.I.: NO
Financial Information
Latest sales known (2011): 14.802.313,32
€ (Estimated)
Balance sheet latest sales (2010): 10.573.080,95 € (Commercial Registry)
Result: 144.267,84 €
Total Assets: 9.432.181,98 €
Share capital: 126.210,00 €
Employees: 48
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 30/12/1987
Activity: Wholesale of other products
NACE 2009 CODE: 4669
International Operations: Imports
Corporate Structure
President:
Other Complementary Information
Latest filed accounts in the Commercial Registry: 2010
Latest act published in BORME: 15/02/2011 Appointments
Latest press article: 08/10/2004 EXPANSIÓN (LEGAL
ANNOUNCEMENTS)
Bank Entities: There are
The date when this report was last updated is 09/03/2012.
The information contained in this report has been investigated and
contrasted on 09/03/2012
RATING
Credit appraisal
Maximum Credit
(from 0 to
6,000,000 €)
Favourable to 334.000,00 €
Rating Explication
Financial Situation
•
The company’s financial situation is good.
•
The company’s financial situation evolution has
been positive.
•
The sales evolution and results has
been positive.
•
The auditor’s opinion about the latest accounts has
been favourable.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is medium depending
on its sales volume.
•
The employees evolution has been positive.
Performance and Incidences
•
The available information indicates that the
company does not have payment incidences.
•
He have detected no recent legal actions or claims
from the Administration against this company
Accounts Filing
•
The company files regularly its accounts.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
20/01/2012 |
Increase |
16 |
•
New financial statements have been uploaded. |
|
01/01/2012 |
Equal |
13 |
•
Variation in the rating system with regards to legal
incidences information. |
|
31/12/2011 |
Reduction |
13 |
•
New information has been loaded on our systems. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: 3 ( Last:01/06/2010 , first:
21/04/2010 )
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With the Social Security: |
3 |
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|
With the Tax Authorities: |
0 |
|
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With Other Official bodies: |
0 |
|
AFFECTED BY: No significant element.
Latest Administrative
Claims
figures expressed in €
WITH THE SOCIAL SECURITY.
Enforcement
|
DATE |
ORGANIZATION |
AMOUNT |
|
01/06/2010 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
450,00 |
|
01/06/2010 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
450,00 |
Notifications
|
DATE |
ORGANIZATION |
AMOUNT |
|
21/04/2010 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
450,00 |
Detail of the
Latest Administrative Claims
figures expressed in €
Enforcement
WITH THE SOCIAL SECURITY.
Phase: ENFORCEMENT
Organization: CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION
PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL
Concept: Share
Date of the claim: 01/06/2010
Period: 0709 0709
Source: Published in the Gazette of MADRID, on 01/06/2010, page 311
Amount: 450
figures expressed in €
Enforcement
WITH THE SOCIAL SECURITY.
Phase: ENFORCEMENT
Organization: CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION
PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL
Concept: Share
Date of the claim: 01/06/2010
Period: 0809 0809
Source: Published in the Gazette of MADRID, on 01/06/2010, page 311
Amount: 450
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
05/03/2012 11:03:53
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 |
2.578.428,96 |
27,34 |
2.109.852,75 |
27,13 |
1.663.711,41 |
25,22 |
|
B) CURRENT ASSETS |
6.853.753,02 |
72,66 |
5.667.367,34 |
72,87 |
4.932.197,49 |
74,78 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
2.220.915,83 |
23,55 |
2.076.647,99 |
26,70 |
1.947.659,23 |
29,53 |
|
B) NON CURRENT LIABILITIES |
1.793.741,21 |
19,02 |
1.225.892,69 |
15,76 |
686.989,96 |
10,42 |
|
C) CURRENT LIABILITIES |
5.417.524,94 |
57,44 |
4.474.679,41 |
57,54 |
3.961.259,71 |
60,06 |
Profit and Loss Account Analysis 
Figures given in €
|
|
2011 ESTIMATED |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
14.802.313,32 |
10.573.080,95 |
|
8.588.661,79 |
|
|
GROSS MARGIN |
|
1.985.038,31 |
18,77 |
1.680.641,78 |
19,57 |
|
EBITDA |
|
460.019,38 |
4,35 |
402.960,91 |
4,69 |
|
EBIT |
|
234.243,74 |
2,22 |
214.542,02 |
2,50 |
|
NET RESULT |
|
144.267,84 |
1,36 |
128.988,76 |
1,50 |
|
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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ASSETS |
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|
|
|
|||
|
A) NON CURRENT ASSETS |
27,34 |
26,94 |
0,40 |
|
|
|
|
|
A) CURRENT ASSETS |
72,66 |
73,06 |
-0,40 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
23,55 |
40,96 |
-17,41 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
19,02 |
11,17 |
7,85 |
|
|
|
|
|
C) CURRENT LIABILITIES |
57,44 |
47,87 |
9,57 |
|
|
|
|
|
|
|
|
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COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
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|
|
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
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SALES |
99,31 |
98,49 |
0,82 |
|
|
|
|
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GROSS MARGIN |
18,64 |
30,09 |
-11,44 |
|
|
|
|
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EBITDA |
4,32 |
6,87 |
-2,55 |
|
|
|
|
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EBIT |
2,20 |
4,38 |
-2,18 |
|
|
|
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NET RESULT |
1,36 |
2,44 |
-1,09 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4669
Number of companies: 133
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 |
144.267,84 |
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 |
144.267,84 |
|
Total of Amounts to be distributed |
144.267,84 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
144.267,84 |
Auditing
Source: filing of annual financial statement 2010
Auditors’ opinion: FAVOURABLE
Auditor: M.V. AUDITORES S.L.
Auditing fees: 7.000,00 €
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:
AVENIDA DE LA INDUSTRIA, 76
28970 HUMANES DE MADRID MADRID
Previous Seat Address:
POLIGONO INDUSTRIAL LA MORA (7 Y 8) 6
28950 MORALEJA
DE ENMEDIO MADRID
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CARRETERA FUENLABRADA |
28950 |
MORALEJA DE ENMEDIO |
Madrid |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration board |
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|
Governing body : 7 members (latest change:
14/01/2009) Other Positions : 1 (latest change: 12/07/2010) Auditor : 1 (latest change: 15/02/2011) Operative Board Members : 6 (latest change: 17/10/2011) Non-current positions : 6 (latest change: 15/02/2011) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
FABA DELGADO, ADOLFO |
14/01/2009 |
|
MANAGING DIRECTOR |
MARTIN NUNEZ, TERESA |
14/01/2009 |
|
MEMBER OF THE BOARD |
FABA MARTIN, ADOLFO |
14/01/2009 |
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|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
M V AUDITORES SL |
15/02/2011 |
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
FABA DELGADO, ADOLFO |
|
Financial Manager |
FABA MARTIN, ADOLFO |
|
Human Resources Director |
AVILA JOSE, ENRIQUE |
|
Commercial Director |
FABA MARTIN, TERESA |
|
Marketing Director |
FABA MARTIN, TERESA |
|
Imports Director |
REDONDO, OSCAR |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
FABA MARTIN ADOLFO |
|
33,33 |
OWN SOURCES |
17/10/2011 |
|
|
FABA DELGADO ADOLFO |
|
33,33 |
OWN SOURCES |
17/10/2011 |
|
|
MARTIN NUNEZ TERESA |
|
33,33 |
OWN SOURCES |
17/10/2011 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”ADOLFO FABA DELGADO”
|
COMPANY |
POSITION |
PROVINCE |
|
DESARROLLOS URBANISTICOS FAMAR SL |
Administrador |
MADRID |
|
IMPROFAM SL |
Socio |
MADRID |
|
IPF-SACEDON SL |
Apoderado |
MADRID |
|
PROYECTOS AUGUSTA SL |
Apoderado |
MADRID |
In case you need more information you can request:Board Members
Monitoring
Search Criterion "FAME COMMERCIAL SA"
URL: www.hotfrog.es
Commercial Fame, Inc.
Packaging Materials Moral of ... Commercial
Fame, Inc. Moral
of Enmedio, corporate profile and
product articles.
URL: www.logismarket.es
Commercial Fame |
Packaging | logismarket.es Request
information and budget to Fame
Commercial SA. Packaging.
Company formed by the best professionals, aiming to offer the
...
URL: service-industriales.paginas-amarillas.es
Tapes Province Madrid
- Madrid Industrial
Services ... Industrial services.
TAPES: MANUFACTURE. FAME COMMERCIAL SA.
HUMANES 28970 MADRID.
RES PAL DISTRIBUTIONS
SA. Services ...
BUSINESS INFORMATION
Incorporation date: 30/12/1987
Establishment date: 01/01/1982
Code: 1617900
Activity: Wholesale of other products
NACE 2009 CODE: 4669
NACE 2009 Activity: Wholesale of other machinery and equipment
Business: SALE ITEMS OVER DESK
IN GENERAL APPOINTMENTS
AND INSULATION ADHESIVE,
PVC and PP SEALS
AND ANY ITEMS OF
ITS RANGE, AND THE RING AND PRINTING OF
TEXTS IN THE SAME
FOR ANY SYSTEM.
Latest employees figure: 48 (2012)
% of fixed employees: 89,66%
% of temporary employees: 10,34%
% of men: 62,07%
% of women: 37,93%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
18 |
11 |
PURCHASES
Import Percentage: 33%
Imports from: UE Y RESTO DEL MUNDO
National Distribution: 67%
SALES
Cash collections: 30%
Credit collections: 70%
•
El 100% de su cifra de negocios corresponde a
ventas por productos y servicios.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANKIA, S.A. |
2284 |
SIMON HERNANDEZ, 42 |
MOSTOLES |
Madrid |
|
BANKIA, S.A. |
|
|
HUMANES DE MADRID |
|
|
BANCO SANTANDER, S.A. |
|
|
MOSTOLES |
|
|
CAIXABANK, S.A. |
|
|
|
|
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
|
|
|
20.895,99 |
22.167,13 |
Brand name: COMFAM (Valid)
Type: JOINT Scope: NATIONAL Date: 01/02/2003
LEGAL
STRUCTURE
Constitution Data
Register Date: 30/12/1987
Legal form: Joint-stock Company
Share capital: 126.210,00 €
Paid-up capital: 126.210,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE COMMERCIAL REGISTRY)
Acts on activity: 1 (Last: 05/10/1992)
Acts on administrators: 13 (Last: 15/02/2011, first:
05/10/1992)
Acts on capital: 3 (Last: 04/10/1999, first:
05/10/1992)
Acts on creation: 0
Acts on filed accounts: 21 (Last: 23/09/2010, first:
01/10/1990)
Acts on identification: 2 (Last: 12/04/2007, first:
05/10/1992)
Acts on Information: 3 (Last: 17/03/1997, first:
05/10/1992)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Appointments |
15/02/2011 |
68365 |
Madrid |
|
Resignations |
15/02/2011 |
68365 |
Madrid |
|
Annual Filed Accounts (2009) |
23/09/2010 |
657270 |
Madrid |
|
Appointments |
12/07/2010 |
274404 |
Madrid |
|
Resignations |
12/07/2010 |
274403 |
Madrid |
|
Annual Filed Accounts (2008) |
09/10/2009 |
630321 |
Madrid |
|
Appointments |
16/06/2009 |
270778 |
Madrid |
|
Re-elections |
14/01/2009 |
19451 |
Madrid |
|
Annual Filed Accounts (2007) |
01/09/2008 |
371864 |
Madrid |
|
Annual Filed Accounts (2006) |
01/10/2007 |
696179 |
Madrid |
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 1 (Last: 08/10/2004)
Latest press article published
08/10/2004 EXPANSIÓN - LEGAL ANNOUNCEMENTS
UNIVERSAL GENERAL MEETING HELD ON 01/10/04 agreed to move the headquarters to Avda. INDUSTRY,
76, of HUMANES MADRID
(MADRID).
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 20/01/2012.
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 |
2.578.428,96 |
27,34 |
2.109.852,75 |
27,13 |
1.663.711,41 |
25,22 |
|
I. Intangible assets |
7.569,91 |
0,08 |
15.261,23 |
0,20 |
22.952,55 |
0,35 |
|
5. Software |
7.569,91 |
0,08 |
15.261,23 |
0,20 |
22.952,55 |
0,35 |
|
II. Tangible fixed assets |
1.738.554,67 |
18,43 |
1.253.789,07 |
16,12 |
1.307.708,34 |
19,83 |
|
1. Property, plant and equipment |
1.395.710,00 |
14,80 |
924.886,39 |
11,89 |
946.861,11 |
14,36 |
|
2. Technical fittings and other tangible
assets |
322.044,67 |
3,41 |
328.902,68 |
4,23 |
360.847,23 |
5,47 |
|
3. Fixed assets in progress and advances |
20.800,00 |
0,22 |
|
|
|
|
|
III. Real-estate investments |
249.887,72 |
2,65 |
260.219,12 |
3,35 |
270.550,52 |
4,10 |
|
1. Lands |
64.308,29 |
0,68 |
64.308,29 |
0,83 |
64.308,29 |
0,97 |
|
2. Buildings |
185.579,43 |
1,97 |
195.910,83 |
2,52 |
206.242,23 |
3,13 |
|
IV. Long term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
582.416,66 |
6,17 |
580.583,33 |
7,47 |
62.500,00 |
0,95 |
|
2. Credits to third parties |
582.416,66 |
6,17 |
580.583,33 |
7,47 |
62.500,00 |
0,95 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
6.853.753,02 |
72,66 |
5.667.367,34 |
72,87 |
4.932.197,49 |
74,78 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
2.470.474,15 |
26,19 |
2.099.054,65 |
26,99 |
1.460.742,78 |
22,15 |
|
1. Goods available for sale |
2.456.150,57 |
26,04 |
2.081.263,02 |
26,76 |
1.446.828,93 |
21,94 |
|
2. Raw material inventory |
14.323,58 |
0,15 |
17.791,63 |
0,23 |
13.913,85 |
0,21 |
|
III. Trade Debtors and other receivable
accounts |
3.313.918,30 |
35,13 |
2.552.615,84 |
32,82 |
2.728.474,46 |
41,37 |
|
1. Clients |
3.313.918,30 |
35,13 |
2.541.281,15 |
32,68 |
2.727.355,73 |
41,35 |
|
b) Clients for sales and
short term services rendering |
3.313.918,30 |
35,13 |
2.541.281,15 |
32,68 |
2.727.355,73 |
41,35 |
|
6. Other credits with the Public Administrations |
|
|
11.334,69 |
0,15 |
1.118,73 |
0,02 |
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
150.203,06 |
1,59 |
143.232,38 |
1,84 |
109.468,38 |
1,66 |
|
2. Credits to companies |
|
|
|
|
93.750,00 |
1,42 |
|
5. Other financial assets |
150.203,06 |
1,59 |
143.232,38 |
1,84 |
15.718,38 |
0,24 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
919.157,51 |
9,74 |
872.464,47 |
11,22 |
633.511,87 |
9,60 |
|
1. Treasury |
919.157,51 |
9,74 |
872.464,47 |
11,22 |
633.511,87 |
9,60 |
|
TOTAL ASSETS (A + B) |
9.432.181,98 |
100,00 |
7.777.220,09 |
100,00 |
6.595.908,90 |
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 |
2.220.915,83 |
23,55 |
2.076.647,99 |
26,70 |
1.947.659,23 |
29,53 |
|
A-1) Equity |
2.220.915,83 |
23,55 |
2.076.647,99 |
26,70 |
1.947.659,23 |
29,53 |
|
I. Capital |
126.210,00 |
1,34 |
126.210,00 |
1,62 |
126.210,00 |
1,91 |
|
1. Authorized capital |
126.210,00 |
1,34 |
126.210,00 |
1,62 |
126.210,00 |
1,91 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
1.512.175,64 |
16,03 |
1.383.186,88 |
17,79 |
1.257.593,66 |
19,07 |
|
1. Legal and statutory |
153.291,40 |
1,63 |
153.291,40 |
1,97 |
153.291,40 |
2,32 |
|
2. Other funds |
1.358.884,24 |
14,41 |
1.229.895,48 |
15,81 |
1.104.302,26 |
16,74 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
438.262,35 |
4,65 |
438.262,35 |
5,64 |
438.262,35 |
6,64 |
|
1. Carry over |
438.262,35 |
4,65 |
438.262,35 |
5,64 |
438.262,35 |
6,64 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
144.267,84 |
1,53 |
128.988,76 |
1,66 |
125.593,22 |
1,90 |
|
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 |
1.793.741,21 |
19,02 |
1.225.892,69 |
15,76 |
686.989,96 |
10,42 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
1.776.559,13 |
18,84 |
1.207.791,06 |
15,53 |
667.968,78 |
10,13 |
|
2. Debts with bank entities |
1.449.092,00 |
15,36 |
1.190.988,47 |
15,31 |
662.668,78 |
10,05 |
|
3. Financial leasing creditors |
22.167,13 |
0,24 |
11.502,59 |
0,15 |
|
|
|
5. Other financial liabilities |
305.300,00 |
3,24 |
5.300,00 |
0,07 |
5.300,00 |
0,08 |
|
III. Long term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
17.182,08 |
0,18 |
18.101,63 |
0,23 |
19.021,18 |
0,29 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
5.417.524,94 |
57,44 |
4.474.679,41 |
57,54 |
3.961.259,71 |
60,06 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
1.374.181,28 |
14,57 |
958.768,84 |
12,33 |
593.505,16 |
9,00 |
|
2. Debts with bank entities |
1.352.253,39 |
14,34 |
952.766,40 |
12,25 |
593.505,16 |
9,00 |
|
3. Financial leasing creditors |
20.895,99 |
0,22 |
6.001,44 |
0,08 |
|
|
|
5. Other financial liabilities |
1.031,90 |
0,01 |
1,00 |
0,00 |
|
|
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable
accounts |
4.043.343,66 |
42,87 |
3.515.910,57 |
45,21 |
3.367.754,55 |
51,06 |
|
1. Suppliers |
3.353.263,21 |
35,55 |
3.234.926,91 |
41,59 |
2.764.642,58 |
41,91 |
|
b) Short term suppliers |
3.353.263,21 |
35,55 |
3.234.926,91 |
41,59 |
2.764.642,58 |
41,91 |
|
3. Different creditors |
573.183,76 |
6,08 |
231.928,22 |
2,98 |
541.259,35 |
8,21 |
|
4. Staff (pending remunerations) |
|
|
|
|
5.606,38 |
0,08 |
|
5. Liabilities by current taxes |
25.075,47 |
0,27 |
|
|
|
|
|
6. Other debts with Public Administrations |
91.821,22 |
0,97 |
49.055,44 |
0,63 |
56.246,24 |
0,85 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
9.432.181,98 |
100,00 |
7.777.220,09 |
100,00 |
6.595.908,90 |
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 |
10.573.080,95 |
99,31 |
8.588.661,79 |
99,03 |
10.336.069,13 |
99,13 |
|
A) Sales |
10.573.080,95 |
99,31 |
8.588.661,79 |
99,03 |
10.336.069,13 |
99,13 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-8.661.566,26 |
-81,36 |
-6.991.908,53 |
-80,62 |
-8.601.192,91 |
-82,49 |
|
a) Material consumed |
-8.587.930,28 |
-80,66 |
-6.940.284,24 |
-80,03 |
-8.393.937,60 |
-80,51 |
|
b) Raw materials consumed |
-63.969,71 |
-0,60 |
-45.168,75 |
-0,52 |
-199.541,24 |
-1,91 |
|
c) Works carried out for other companies |
-9.666,27 |
-0,09 |
-6.455,54 |
-0,07 |
-7.714,07 |
-0,07 |
|
5. Other operating income |
73.523,62 |
0,69 |
83.888,52 |
0,97 |
90.369,85 |
0,87 |
|
a) Other incomes |
73.523,62 |
0,69 |
83.888,52 |
0,97 |
90.369,85 |
0,87 |
|
6. Labour cost |
-754.599,09 |
-7,09 |
-679.858,32 |
-7,84 |
-758.061,94 |
-7,27 |
|
a) Wages and similar expenses |
-586.621,37 |
-5,51 |
-535.855,71 |
-6,18 |
-608.927,91 |
-5,84 |
|
b) Social costs |
-167.977,72 |
-1,58 |
-144.002,61 |
-1,66 |
-149.134,03 |
-1,43 |
|
7. Other operating costs |
-855.742,35 |
-8,04 |
-618.893,45 |
-7,14 |
-725.096,38 |
-6,95 |
|
a) External services |
-766.406,91 |
-7,20 |
-543.843,48 |
-6,27 |
-679.891,99 |
-6,52 |
|
b) Taxes |
-28.408,40 |
-0,27 |
-24.760,45 |
-0,29 |
-11.844,99 |
-0,11 |
|
c) Losses, deterioration and variation on business
operations provisions |
-60.927,04 |
-0,57 |
-50.289,52 |
-0,58 |
-33.359,40 |
-0,32 |
|
8. Amortization of fixed assets |
-164.848,60 |
-1,55 |
-138.129,37 |
-1,59 |
-134.980,22 |
-1,29 |
|
9. Allocation of subventions on non financial
investments and other |
|
|
|
|
18.354,55 |
0,18 |
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed
assets disposal |
-347,81 |
0,00 |
|
|
2.000,00 |
0,02 |
|
b) Results for disposals and others |
-347,81 |
0,00 |
|
|
2.000,00 |
0,02 |
|
12. Negative difference of business
combinations |
|
|
|
|
|
|
|
13. Other results |
24.743,28 |
0,23 |
-29.218,62 |
-0,34 |
6.752,91 |
0,06 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 +
6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
234.243,74 |
2,20 |
214.542,02 |
2,47 |
234.214,99 |
2,25 |
|
14. Financial income |
43.750,50 |
0,41 |
34.708,93 |
0,40 |
25.889,87 |
0,25 |
|
b) From negotiable values and other
financial instruments |
43.750,50 |
0,41 |
34.708,93 |
0,40 |
25.889,87 |
0,25 |
|
b 2) From third parties |
43.750,50 |
0,41 |
34.708,93 |
0,40 |
25.889,87 |
0,25 |
|
15. Financial expenses |
-75.607,73 |
-0,71 |
-64.981,29 |
-0,75 |
-80.685,97 |
-0,77 |
|
b) For debts with third parties |
-75.607,73 |
-0,71 |
-64.981,29 |
-0,75 |
-80.685,97 |
-0,77 |
|
16. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
3.710,41 |
0,03 |
|
|
|
|
|
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) |
-28.146,82 |
-0,26 |
-30.272,36 |
-0,35 |
-54.796,10 |
-0,53 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
206.096,92 |
1,94 |
184.269,66 |
2,12 |
179.418,89 |
1,72 |
|
20. Taxes on profits |
-61.829,08 |
-0,58 |
-55.280,90 |
-0,64 |
-53.825,67 |
-0,52 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED
OPERATIONS (A.3 + 20) |
144.267,84 |
1,36 |
128.988,76 |
1,49 |
125.593,22 |
1,20 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming
from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
144.267,84 |
1,36 |
128.988,76 |
1,49 |
125.593,22 |
1,20 |
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 |
144.267,84 |
128.988,76 |
125.593,22 |
|
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) |
144.267,84 |
128.988,76 |
125.593,22 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
126.210,00 |
1.006.083,78 |
438.262,35 |
251.509,88 |
|
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) |
126.210,00 |
1.006.083,78 |
438.262,35 |
251.509,88 |
|
I. Total recognized income and expenses |
|
|
|
125.593,22 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
251.509,88 |
|
-251.509,88 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
126.210,00 |
1.257.593,66 |
438.262,35 |
125.593,22 |
|
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) |
126.210,00 |
1.257.593,66 |
438.262,35 |
125.593,22 |
|
I. Total recognized income and expenses |
|
|
|
128.988,76 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
125.593,22 |
|
-125.593,22 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
126.210,00 |
1.383.186,88 |
438.262,35 |
128.988,76 |
|
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) |
126.210,00 |
1.383.186,88 |
438.262,35 |
128.988,76 |
|
I. Total recognized income and expenses |
|
|
|
144.267,84 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
128.988,76 |
|
-128.988,76 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
126.210,00 |
1.512.175,64 |
438.262,35 |
144.267,84 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
1.822.066,01 |
|
||
|
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) |
1.822.066,01 |
|
||
|
I. Total recognized income and expenses |
125.593,22 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.947.659,23 |
|
||
|
I. Adjustments by change of criteria in
the exercise (2008) |
|
|
||
|
II. Adjustments by errors in the exercise
(2008) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2009) |
1.947.659,23 |
|
||
|
I. Total recognized income and expenses |
128.988,76 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
2.076.647,99 |
|
||
|
I. Adjustments by change of criteria in
the exercise (2009) |
|
|
||
|
II. Adjustments by errors in the exercise
(2009) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2010) |
2.076.647,99 |
|
||
|
I. Total recognized income and expenses |
144.267,84 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
2.220.915,83 |
|
||
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 |
206.096,92 |
184.269,66 |
179.418,89 |
|
2. Results adjustments |
257.980,68 |
168.401,73 |
171.421,77 |
|
a) Amortization of fixed assets (+) |
164.848,60 |
138.129,37 |
134.980,22 |
|
c) Change of Provisions (+/-) |
60.927,04 |
|
|
|
d) Grants allocation (-) |
|
|
-18.354,55 |
|
e) Results for decline and disposal of
fixed assets (+/-) |
347,81 |
|
|
|
g) Financial income (-) |
-43.750,50 |
-34.708,93 |
-25.889,87 |
|
f) Financial expenses (+) |
75.607,73 |
64.981,29 |
80.685,97 |
|
3. Changes in current capital |
-666.104,56 |
182.536,32 |
-173.783,83 |
|
a) Stocks (+/-) |
-371.419,50 |
-638.311,87 |
348.094,77 |
|
b) Debtors and other receivable accounts
(+/-) |
-822.229,50 |
175.858,62 |
792.708,78 |
|
d) Creditors and other payable accounts
(+/-) |
527.433,09 |
644.989,57 |
-1.314.587,38 |
|
e) Other current liabilities (+/-) |
1.030,90 |
|
|
|
f) Other non-current assets and
liabilities (+/-) |
-919,55 |
|
|
|
4. Other cash flow coming from operating
activities |
-93.686,31 |
-85.553,26 |
-108.621,77 |
|
a) Interests payments (-) |
-75.607,73 |
-64.981,29 |
-80.685,97 |
|
c) Interests collections (+) |
43.750,50 |
34.708,93 |
25.889,87 |
|
d) Collections (payments) for profit tax
(+/-) |
-61.829,08 |
-55.280,90 |
-53.825,67 |
|
5. Cash flow coming from operating
activities (1 + 2 + 3 + 4) |
-295.713,27 |
449.654,45 |
68.435,06 |
|
B) CASH FLOW COMING FROM INVESTING
ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-641.643,30 |
-618.034,71 |
-585.909,74 |
|
b) Intangible assets |
|
|
-5.253,14 |
|
c) Tangible assets |
-632.839,29 |
-66.187,38 |
|
|
d) Real state investments |
|
|
-408.688,22 |
|
e) Other financial assets |
-8.804,01 |
-551.847,33 |
-171.968,38 |
|
7. Disinvestment collections (+) |
900,00 |
|
365.469,56 |
|
c) Tangible assets |
900,00 |
|
365.469,56 |
|
8. Cash Flow in investment activities (6 +
7) |
-640.743,30 |
-618.034,71 |
-220.440,18 |
|
C) CASH FLOW COMING FROM FINANCING
ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and
payments |
|
|
|
|
10. Financial liabilities instruments
collections and payments |
983.149,61 |
407.332,86 |
-159.696,54 |
|
a) Issue |
1.941.917,45 |
556.273,94 |
|
|
2. Debts with bank
entities (+) |
1.641.917,45 |
556.273,94 |
|
|
5. Other debts (+) |
300.000,00 |
|
|
|
b) Return and amortization of |
-958.767,84 |
-148.941,08 |
-159.696,54 |
|
2. Debts with bank
entities (-) |
-958.767,84 |
-148.941,08 |
-159.696,54 |
|
11. Payments for dividends and
remunerations of other net worth instruments |
|
|
|
|
12. Cash Flow in financing activities (9 +
10 + 11) |
983.149,61 |
407.332,86 |
-159.696,54 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE /
REDUCTION (5 + 8 + 12 + D) |
46.693,04 |
238.952,60 |
-311.701,66 |
|
Cash or equivalents at the beginning of
the exercise |
872.464,47 |
633.511,87 |
945.213,53 |
|
Cash or equivalents at the end of the
exercise |
919.157,51 |
872.464,47 |
633.511,87 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
1.436.228,08 |
20,42 |
1.192.687,93 |
22,84 |
970.937,78 |
|
Working capital ratio |
0,15 |
0,00 |
0,15 |
0,00 |
0,15 |
|
Soundness Ratio |
0,86 |
-12,24 |
0,98 |
-16,24 |
1,17 |
|
Average Collection Period (days) |
113 |
5,39 |
107 |
12,50 |
95 |
|
Average Payment Period (days) |
153 |
-8,01 |
166 |
27,98 |
130 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
126,51 |
-0,11 |
126,65 |
1,72 |
124,51 |
|
Quick Ratio (%) |
19,74 |
-13,04 |
22,70 |
21,00 |
18,76 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
33,40 |
19,89 |
27,86 |
45,64 |
19,12 |
|
External Financing Average Cost |
0,02 |
-33,33 |
0,03 |
-50,00 |
0,06 |
|
Debt Service Coverage |
-10,66 |
-320,95 |
4,82 |
-73,85 |
18,43 |
|
Interest Coverage |
3,10 |
-6,06 |
3,30 |
13,79 |
2,90 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-2,80 |
-153,44 |
5,24 |
693,94 |
0,66 |
|
Auto financing generated by Assets (%) |
-3,14 |
-154,15 |
5,78 |
455,77 |
1,04 |
|
Breakdown Point |
1,02 |
-0,97 |
1,03 |
0,98 |
1,02 |
|
Average Sales Volume per Employee |
367.631,47 |
5,51 |
348.424,41 |
-4,16 |
363.562,05 |
|
Average Cost per Employee |
26.237,80 |
-4,87 |
27.580,46 |
3,44 |
26.664,15 |
|
Assets Turnover |
1,12 |
1,82 |
1,10 |
-29,94 |
1,57 |
|
Inventory Turnover (days) |
103 |
-5,00 |
108 |
76,47 |
61 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,48 |
-10,14 |
2,76 |
-22,25 |
3,55 |
|
Operating Profitability (%) |
4,23 |
-6,83 |
4,54 |
-19,36 |
5,63 |
|
Return on Equity (ROE) (%) |
9,28 |
4,62 |
8,87 |
-3,69 |
9,21 |
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 |
27,34 |
26,94 |
0,40 |
|
A) CURRENT ASSETS |
72,66 |
73,06 |
-0,40 |
|
LIABILITIES |
|||
|
A) NET WORTH |
23,55 |
40,96 |
-17,41 |
|
B) NON CURRENT LIABILITIES |
19,02 |
11,17 |
7,85 |
|
C) CURRENT LIABILITIES |
57,44 |
47,87 |
9,57 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,31 |
98,49 |
0,82 |
|
Other operating income |
0,69 |
1,51 |
-0,82 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-81,36 |
-69,63 |
-11,73 |
|
Variation in stocks of finished goods and
work in progress |
|
-0,28 |
|
|
GROSS MARGIN |
18,64 |
30,09 |
-11,45 |
|
Other operating costs |
-8,04 |
-10,61 |
2,57 |
|
Labour cost |
-7,09 |
-13,92 |
6,83 |
|
GROSS OPERATING RESULT |
3,52 |
5,56 |
-2,04 |
|
Amortization of fixed assets |
-1,55 |
-1,33 |
-0,22 |
|
Deterioration and result for fixed assets
disposal |
0,00 |
0,01 |
-0,01 |
|
Other expenses / income |
|
0,14 |
|
|
NET OPERATING RESULT |
2,20 |
4,38 |
-2,18 |
|
Financial result |
-0,26 |
-1,02 |
0,76 |
|
RESULT BEFORE TAX |
1,94 |
3,36 |
-1,42 |
|
Taxes on profits |
-0,58 |
-0,92 |
0,34 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,36 |
2,44 |
-1,08 |
|
Exercise result coming from discontinued
operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,36 |
2,44 |
-1,08 |
|
Amortization of fixed assets |
-1,55 |
-1,33 |
-0,22 |
|
Deterioration and provisions variation |
-2,12 |
-1,16 |
-0,96 |
|
|
5,02 |
4,93 |
0,09 |
Main Ratios
Figures given in €
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
1.436.228,08 |
1.083.808,32 |
2.368.891,00 |
4.482.500,12 |
|
Working capital ratio |
0,15 |
0,13 |
0,30 |
0,40 |
|
Soundness Ratio |
0,86 |
1,09 |
2,36 |
3,99 |
|
Average Collection Period (days) |
113 |
100 |
125 |
152 |
|
Average Payment Period (days) |
153 |
83 |
108 |
140 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
126,51 |
117,74 |
156,57 |
207,82 |
|
Quick Ratio (%) |
19,74 |
2,96 |
7,74 |
24,98 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
33,40 |
9,63 |
22,85 |
44,14 |
|
External Financing Average Cost |
0,02 |
0,03 |
0,05 |
0,07 |
|
Debt Service Coverage |
-10,66 |
0,75 |
4,20 |
11,32 |
|
Interest Coverage |
3,10 |
1,33 |
3,13 |
11,87 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-2,80 |
1,59 |
3,34 |
5,54 |
|
Auto financing generated by Assets (%) |
-3,14 |
2,27 |
4,17 |
6,75 |
|
Breakdown Point |
1,02 |
1,01 |
1,04 |
1,07 |
|
Average Sales Volume per Employee |
367.631,47 |
232.154,76 |
312.048,10 |
471.459,71 |
|
Average Cost per Employee |
26.237,80 |
35.391,21 |
41.828,51 |
50.841,40 |
|
Assets Turnover |
1,12 |
0,99 |
1,35 |
1,62 |
|
Inventory Turnover (days) |
103 |
45 |
76 |
125 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,48 |
2,24 |
4,44 |
8,87 |
|
Operating Profitability (%) |
4,23 |
3,88 |
6,24 |
10,39 |
|
Return on Equity (ROE) (%) |
9,28 |
1,80 |
8,48 |
20,28 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
|
|
1 |
Rs.79.01 |
|
Euro |
1 |
Rs.66.18 |
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.