MIRA INFORM REPORT
|
Report Date : |
22.03.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
IN SITU SA |
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Registered Office : |
Calle De
Valportillo Primera, 2 - P I Alcobendas 28108 Alcobendas Madrid |
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Country : |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
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Legal Form : |
Joint stock Company |
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Line of Business : |
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No. of Employees
: |
61 |
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 : |
383.000,00 € |
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|
Status : |
Good |
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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 30th, 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 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name
IN SITU SA
CIF/NIF: A78234747
Company situation: Active
Data of your
request
Registered
Name INSITU S.A.
Complete Address Valportillo
Primera 2 p.Industrial Alcobendas 28110
Request reason MAX CREDIT
Answer to the data
in your request
The data of your
request have been confirmed and are correct.
Financial Information
FYE: 28 February
EXECUTIVE SUMMARY
Identification
Current Business Name: IN SITU SA
Commercial name: IN SITU; LOLITA
Other names: YES
Current Address: CALLE DE VALPORTILLO
PRIMERA, 2 - P I ALCOBENDAS
Branches: 2
Telephone number: 914844400 Fax: 914844420
URL: www.trucco.es
Corporate e-mail: info@trucco.es
Trade Risk
Credit
appraisal: 383.000,00 €
Incidents: NO
R.A.I.: NO
Financial
Information
Balance sheet latest sales (2011): 22.349.354,97 €
(Commercial Registry)
Result: 345.431,87 €
Total Assets: 17.094.023,84 €
Share capital: 1.124.597,21 €
Employees: 61
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 20/12/1985
Activity: Mfg. of outerwear
NACE 2009 CODE: 1413
International Operations: Imports and
Exports
Corporate Structure
Sole Administrator:
Parent Company:
Participations: 2
Other
Complementary Information
Latest filed accounts in the Commercial Registry: 2011
Latest act published in BORME: 29/02/2012 Appointments
Latest press article: 21/03/2011 EXPANSIÓN (GENERAL
INFORMATION)
Bank Entities: There are
The date when this report was last updated is 21/03/2012.
The information contained in this report has been investigated and
contrasted on 19/01/201
Credit appraisal
Maximum Credit
(from 0 to
6,000,000 €)
Favourable to 383.000,00 €
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 negative.
Performance and Incidences
•
The available information indicates that the
company does not have payment incidences.
•
He have detected no recent legal actions or claims
from the Administration against this company
Accounts Filing
•
The company files regularly its accounts.
Reasons of the
last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
20/03/2012 |
Increase |
16 |
•
New financial statements have been uploaded. |
|
09/12/2011 |
Equal |
13 |
•
One of our analysts has carried a detailed revision
of all available information of the company. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
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
20/03/2012 13:03:23
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 €
|
|
28/02/2011 (12) BALANCE SHEET |
% ASSETS |
28/02/2010 (12) BALANCE SHEET |
% ASSETS |
28/02/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
3.893.195,76 |
22,78 |
3.863.649,08 |
25,54 |
4.275.296,01 |
27,26 |
|
B) CURRENT ASSETS |
13.200.828,08 |
77,22 |
11.262.118,53 |
74,46 |
11.407.372,01 |
72,74 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
4.547.316,58 |
26,60 |
4.184.507,04 |
27,66 |
3.727.253,24 |
23,77 |
|
B) NON CURRENT LIABILITIES |
2.545.565,80 |
14,89 |
2.652.682,46 |
17,54 |
3.042.013,53 |
19,40 |
|
C) CURRENT LIABILITIES |
10.001.141,46 |
58,51 |
8.288.578,11 |
54,80 |
8.913.401,25 |
56,84 |
Profit and Loss
Account Analysis
Figures given in €
|
|
28/02/2011 (12) BALANCE SHEET |
% NET TURNOVER |
28/02/2010 (12) BALANCE SHEET |
% NET TURNOVER |
28/02/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
22.349.354,97 |
|
21.465.034,72 |
|
23.582.128,60 |
|
|
GROSS MARGIN |
7.042.834,63 |
31,51 |
6.893.437,90 |
32,11 |
7.582.254,67 |
32,15 |
|
EBITDA |
932.510,92 |
4,17 |
1.011.500,17 |
4,71 |
1.391.239,75 |
5,90 |
|
EBIT |
499.876,99 |
2,24 |
608.508,10 |
2,83 |
887.440,70 |
3,76 |
|
NET RESULT |
345.431,87 |
1,55 |
286.924,97 |
1,34 |
370.602,92 |
1,57 |
|
EFFECTIVE TAX RATE (%) |
14,00 |
0,00 |
14,39 |
0,00 |
14,44 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|
|
|
|
A) NON CURRENT ASSETS |
22,78 |
26,39 |
-3,61 |
|
A) CURRENT ASSETS |
77,22 |
73,61 |
3,61 |
|
LIABILITIES |
|
|
|
|
A) NET WORTH |
26,60 |
46,97 |
-20,37 |
|
B) NON CURRENT LIABILITIES |
14,89 |
11,40 |
3,50 |
|
C) CURRENT LIABILITIES |
58,51 |
41,64 |
16,87 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
98,88 |
98,05 |
0,83 |
|
GROSS MARGIN |
31,16 |
37,54 |
-6,38 |
|
EBITDA |
4,13 |
11,85 |
-7,72 |
|
EBIT |
2,21 |
3,28 |
-1,07 |
|
NET RESULT |
1,53 |
1,61 |
-0,08 |
Sector Composition
Compared sector (NACE 2009): 1413
Number of companies: 30
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 2011
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
342.352,27 |
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 |
342.352,27 |
|
Total of Amounts to be distributed |
342.352,27 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
342.352,27 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE
Auditor: ABANTE AUDIT AUDITORES SLP
Auditing fees: 12.337,00 €
Facts subsequent
to the closing
Source: Annual financial report 2011
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
company ADDRESSES
Current Legal Seat Address:
CALLE DE VALPORTILLO PRIMERA, 2 - P I ALCOBENDAS
28108 ALCOBENDAS MADRID
Previous Seat Address:
CALLE OLIVOS 9
28003 MADRID
Characteristics of
the current address
Type of establishment: store
Owners: owned; with no official confirmation
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE BETANZOS, 2 |
15004 |
A CORUÑA |
La Coruña |
|
CALLE RAFAEL PILLADO MOURELLE, 3 |
28110 |
ALGETE |
Madrid |
There are 2 branches registered
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE LEÑEROS, 13 |
28039 |
MADRID |
Madrid |
There are 1 former branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
Governing body : 1 member (latest change:
23/04/2009)
Other Positions : 5 (latest change: 17/02/2012)
Auditor : 1 (latest change: 01/03/2010)
Operative Board Members : 3 (latest change: 04/03/2008)
Non-current positions : 2 (latest change: 05/12/2008)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
REGUERO MANJON, FERNANDO |
23/04/2009 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
ABANTE AUDIT AUDITORES SLP |
01/03/2010 |
There are 7 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 28.406,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
REGUERO MANJON, FERNANDO |
|
Financial Manager |
BELTRAN, SERGIO |
|
Human Resources Director |
LOPEZ, NURIA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
REGUERO MANJON FERNANDO |
|
Major. |
OWN SOURCES |
19/01/2012 |
|
|
ARIADNA AGRICOLA SL |
B60400355 |
20,00 |
OWN SOURCES |
19/01/2012 |
|
|
DIEZ TELLO PILAR |
|
Indef. |
OWN SOURCES |
19/01/2012 |
There are 3 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
THEARPLUS |
PORTUGAL |
100,00 |
COMMERCIAL REGISTRY |
28/02/2006 |
|
|
PARTNERSHIP INICIATIVAS AEIE |
V83182097 |
13,00 |
COMMERCIAL REGISTRY |
31/07/2010 |
There are 2 direct financial links through participations
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TELL TRAINING SA |
A78476744 |
59,99 |
COMMERCIAL REGISTRY |
31/12/1999 |
Company
with rating inferior to 7
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”FERNANDO REGUERO MANJON”
|
COMPANY |
POSITION |
PROVINCE |
|
ALTER NOSTRUM SL |
Administrador Único |
MADRID |
|
PARTNERSHIP INICIATIVAS AEIE |
Administrador Único |
MADRID |
|
TELL TRAINING SA |
Administrador Único |
MADRID |
|
SINE QUA NON INVERSIONES SL |
Administrador Único |
MADRID |
|
BISSET COMPANY SL |
Administrador Único |
MADRID |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”IN SITU SA”
URL: www.info-empresas.net
INSITU Fabricante de confecciones exteriores señora (100%), vestidos,
faldas, blusas, abrigos y relacionados.
URL: www.trucco.es
TRUCCO / Portada / Moda para la mujer. Tiendas de moda con las ... La marca
TRUCCO está basada en un concepto de estilo de vida que consigue llegar a sus
clientas a través de la personalidad de sus diseños y su buena ...
BUSINESS INFORMATION
Incorporation date: 20/12/1985
Establishment date: 01/01/1985
Activity: Mfg. of outerwear
NACE 2009 CODE: 1413
NACE 2009 Activity: Manufacture of other outerwear
Business: CONFECCION DE PRENDAS DE VESTIR PARA SENORA,
CABALLERO O NINOS, CON CUALESQUIERA GENEROS NACIONALES O EXTRANJEROS.
DISTRIBUCION DE LOS PRODUCTOS FABRICADOS POR LA SOCIEDAD.
Activity description: CONFECCION DE PRENDAS DE VESTIR PARA SENORA
Latest employees figure: 61 (2012)
% of fixed employees: 100,00%
% of men: 14,75%
% of women: 85,25%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
9 |
52 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 89%
Imports from: UNION EUROPEA Y OTROS PAISES
National Distribution: 11%
SALES
Cash collections: 50%
Credit collections: 50%
Export Percentage: 26%
Exports to: UNION EUROPEA Y OTROS PAISES
National Distribution: 74%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
RUIZ NICOLI
LINEAS |
NO |
There are 1 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
EL CORTE INGLES |
NO |
|
CETERIS PARABUS
SL |
NO |
|
BISSET COMPANY
SA |
NO |
|
LUNARES SL |
NO |
|
TELL TRAINING SA |
NO |
There are 5 Clients
Professional and
advertising services
Source: Annual
financial report 2011
Professional
services expenses: 1.848.496,00 €
Advertising services expenses: 1.065.387,00 €
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO PASTOR, S.A. |
|
|
ALCOBENDAS |
|
|
BANCO ESPAÑOL DE CREDITO, S.A. |
|
|
ALCOBENDAS |
|
|
BANCO POPULAR ESPAÑOL, S.A. |
|
|
MADRID |
|
|
BANKIA, S.A. |
1063 |
JUAN PRADILLO, 2 |
MADRID |
Madrid |
|
BANKINTER, S.A. |
0010 |
PASEO DE LA CASTELLANA, 29. |
MADRID |
Madrid |
There are 6 bank entities registered
Discount facilities: 0
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Credit policy |
Granted limit:1.940.000,00 € Used limit:1.766.491,00
€ Available limit:173.509,00
€ Source: Filed
Accounts (2011) |
|
|
|
There are 1 bank operations registered
Grants
|
|
|
|
Body-entity: COMUNIDAD DE MADRID Grant type: For fixed
assets acquisition |
Nominal amount: 51.000,00 € Amount received in the
exercise: 1.323,00 € Amount pending collection:
39.309,00 € Source: Filed
Accounts (2011) |
|
|
|
|
Body-entity: COMUNIDAD DE MADRID Grant type: For fixed
assets acquisition |
Nominal amount: 15.000,00 € Amount received in the
exercise: 3.750,00 € Amount pending collection:
3.750,00 € Source: Filed
Accounts (2011) |
|
Operation description: Adquisición de TPVs |
|
|
|
|
|
Body-entity: COMUNIDAD DE MADRID Grant type: Other grants
(grouped amounts or not classified) |
Nominal amount: 12.200,00 € Amount received in the
exercise: 3.050,00 € Amount pending collection:
3.050,00 € Source: Filed
Accounts (2011) |
|
Operation description: Control de estancias |
|
|
|
|
There are 3 grants registered
Brand name: ENTRETELAS (Valid)
Type: JOINT Scope: NATIONAL Date: 24/08/2000
Brand name: TRUCCO (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 19/12/1997
There are 2 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 20/12/1985
Legal form: Joint-stock Company
Share capital: 1.124.597,21 €
Paid-up capital: 1.124.597,21 €
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: 25 (Last: 29/02/2012, first: 31/01/1992)
· Acts on capital: 2 (Last: 23/11/2009, first: 20/11/2001)
· Acts on creation: 0
· Acts on filed accounts: 21 (Last: 12/11/2010, first: 19/09/1990)
· Acts on identification: 1 (Last: 26/06/2001)
· Acts on Information: 1 (Last: 12/03/2001)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Appointments |
29/02/2012 |
99024 |
Madrid |
|
Appointments |
28/10/2011 |
430145 |
Madrid |
|
Resignations |
28/10/2011 |
430145 |
Madrid |
|
Annual Filed Accounts (2010) |
12/11/2010 |
1039457 |
Madrid |
|
Appointments |
16/07/2010 |
280711 |
Madrid |
|
Re-elections |
01/03/2010 |
86024 |
Madrid |
|
Annual Filed Accounts (2009) |
11/02/2010 |
91364 |
Madrid |
|
Capital enlargement (IA) |
23/11/2009 |
488547 |
Madrid |
|
Re-elections |
23/04/2009 |
191415 |
Madrid |
|
Re-elections |
05/12/2008 |
561061 |
Madrid |
There are 50 acts registered
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 0
Structural Data: 3 (Last: 23/10/2010, first: 26/03/2009)
Informative data: 1 (Last: 21/03/2011)
Financial Information: 0
Negative information: 0
Business lines: 1 (Last: 03/11/2008)
Historical press releases: 10 (Last: 15/10/2006, first:
27/12/1999)
Latest press
article published
21/03/2011 EXPANSIÓN (Page 11) GENERAL
INFORMATION
TRUCCO, cadena de moda con 200 puntos de venta en 14 países, tiene como objetivo
que la internacionalización aporte la mitad de su facturación en tres años. En
2010, las exportaciones representaron el 30% de los 50 millones que movió
TRUCCO, un 8% más. Para 2011, el objetivo es mantener el ritmo de crecimiento
en torno al 8% de un año antes.
Para facilitar la renovación continua de la oferta en las tiendas,
TRUCCO ha desarrollado una herramienta B2B. Esta estructura servirá de base
para el lanzamiento de la tienda online, un proyecto que verá la luz en
2011.
23/10/2010 LAS
PROVINCIAS (Page 40) BRANCHES
La firma TRUCCO abrirá en breve un nuevo establecimiento en Valencia, en
unos locales próximos al número 22 de la calle Colón.
20/10/2010 EXPANSION GALICIA - BRANCHES
TRUCCO, de la empresa INSITU, dedicada al diseño y distribución de ropa
de mujer, abre su séptima tienda en la comunidad gallega, que supone la tercera
tienda en la ciudad de Vigo. El nuevo local se sitúa en la calle Príncipe, y
cuenta con una superficie de 130 metros cuadrados. La empresa posee 180 puntos
de venta en 13 países del mundo, además de España.
26/03/2009 DIARIO DE SEVILLA - BRANCHES
TRUCCO INAUGURA EL 01/04/09 SU NUEVA TIENDA EN SEVILLA, EN EL NUMERO 3
DE LACALLE O’DONNELL.
03/11/2008 ANUNCIOS - MARKETING
LA CADENA DE TIENDAS TRUCCO HA CONFIADO SU DESARROLLO ONLINE A STORM,
DIVISION INTERACTIVA DEL GRUPO RUIZ NICOLI LINEAS.
There are 15 press articles registered for this company
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this report is extracted from the Commercial Registry file of the legal address of the Company and dated 06/03/2012.
SITUATION
BALANCE-SHEET
Assets
Figures given in €
|
|
28/02/2011 (12) |
% ASSETS |
28/02/2010 (12) |
% ASSETS |
28/02/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
3.893.195,76 |
22,78 |
3.863.649,08 |
25,54 |
4.275.296,01 |
27,26 |
|
I. Intangible assets |
263.407,08 |
1,54 |
339.564,34 |
2,24 |
325.963,30 |
2,08 |
|
5. Software |
184.594,03 |
1,08 |
242.464,00 |
1,60 |
210.575,67 |
1,34 |
|
6. Investigation |
78.813,05 |
0,46 |
97.100,34 |
0,64 |
115.387,63 |
0,74 |
|
II. Tangible fixed assets |
1.768.783,75 |
10,35 |
1.685.932,89 |
11,15 |
1.896.584,47 |
12,09 |
|
1. Property, plant and equipment |
798.495,26 |
4,67 |
824.632,68 |
5,45 |
850.770,10 |
5,42 |
|
2. Technical fittings and other tangible assets |
970.288,49 |
5,68 |
861.300,21 |
5,69 |
1.045.814,37 |
6,67 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
4.987,98 |
0,03 |
5.088,00 |
0,03 |
5.088,00 |
0,03 |
|
2. Credits to companies |
4.987,98 |
0,03 |
5.088,00 |
0,03 |
5.088,00 |
0,03 |
|
V. Long Term Financial Investments |
1.856.016,95 |
10,86 |
1.833.063,85 |
12,12 |
2.047.660,24 |
13,06 |
|
1. Net worth instruments |
17.049,45 |
0,10 |
17.049,45 |
0,11 |
17.049,45 |
0,11 |
|
2. Credits to third parties |
1.792.914,42 |
10,49 |
1.800.014,40 |
11,90 |
2.025.927,41 |
12,92 |
|
5. Other financial assets |
46.053,08 |
0,27 |
16.000,00 |
0,11 |
4.683,38 |
0,03 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
13.200.828,08 |
77,22 |
11.262.118,53 |
74,46 |
11.407.372,01 |
72,74 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
5.167.983,83 |
30,23 |
4.672.620,02 |
30,89 |
5.615.701,66 |
35,81 |
|
1. Goods available for sale |
3.969.617,05 |
23,22 |
3.392.025,95 |
22,43 |
1.388.024,00 |
8,85 |
|
2. Raw material inventory |
1.126.315,68 |
6,59 |
1.250.755,47 |
8,27 |
|
|
|
3. Work in Progress |
39.782,07 |
0,23 |
24.220,44 |
0,16 |
61.572,12 |
0,39 |
|
b) Short production cycle |
39.782,07 |
0,23 |
24.220,44 |
0,16 |
61.572,12 |
0,39 |
|
4. Finished goods |
|
|
|
|
4.139.131,72 |
26,39 |
|
b) Short production cycle |
|
|
|
|
4.139.131,72 |
26,39 |
|
6. Pre-payments to suppliers |
32.269,03 |
0,19 |
5.618,16 |
0,04 |
26.973,82 |
0,17 |
|
III. Trade Debtors and other receivable accounts |
5.900.972,37 |
34,52 |
4.298.236,75 |
28,42 |
3.852.908,10 |
24,57 |
|
1. Clients |
4.547.234,51 |
26,60 |
2.015.406,51 |
13,32 |
2.242.586,36 |
14,30 |
|
b) Clients for sales and short term services
rendering |
4.547.234,51 |
26,60 |
2.015.406,51 |
13,32 |
2.242.586,36 |
14,30 |
|
2. Clients group and associated companies |
1.134.868,43 |
6,64 |
2.245.956,98 |
14,85 |
1.276.264,77 |
8,14 |
|
6. Other credits with the Public Administrations |
218.869,43 |
1,28 |
36.873,26 |
0,24 |
334.056,97 |
2,13 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
1.972.495,23 |
11,54 |
2.177.173,13 |
14,39 |
1.738.564,28 |
11,09 |
|
2. Credits to companies |
1.966.610,36 |
11,50 |
2.171.315,80 |
14,36 |
1.732.706,95 |
11,05 |
|
5. Other financial assets |
5.884,87 |
0,03 |
5.857,33 |
0,04 |
5.857,33 |
0,04 |
|
VI. Short term periodifications |
49.473,65 |
0,29 |
28.079,63 |
0,19 |
66.299,95 |
0,42 |
|
VII. Cash and equivalents |
109.903,00 |
0,64 |
86.009,00 |
0,57 |
133.898,02 |
0,85 |
|
1. Treasury |
109.903,00 |
0,64 |
86.009,00 |
0,57 |
133.898,02 |
0,85 |
|
TOTAL ASSETS (A + B) |
17.094.023,84 |
100,00 |
15.125.767,61 |
100,00 |
15.682.668,02 |
100,00 |
Net Worth and
Liabilities
Figures given in €
|
|
28/02/2011 (12) |
% ASSETS |
28/02/2010 (12) |
% ASSETS |
28/02/2009 (12) |
% ASSETS |
|
A) NET WORTH |
4.547.316,58 |
26,60 |
4.184.507,04 |
27,66 |
3.727.253,24 |
23,77 |
|
A-1) Equity |
4.502.207,31 |
26,34 |
4.156.775,44 |
27,48 |
3.706.853,24 |
23,64 |
|
I. Capital |
1.124.597,21 |
6,58 |
1.124.597,21 |
7,43 |
961.600,00 |
6,13 |
|
1. Authorized capital |
1.124.597,21 |
6,58 |
1.124.597,21 |
7,43 |
961.600,00 |
6,13 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
3.032.178,23 |
17,74 |
2.745.253,26 |
18,15 |
2.374.650,32 |
15,14 |
|
1. Legal and statutory |
224.919,44 |
1,32 |
196.506,01 |
1,30 |
196.506,01 |
1,25 |
|
2. Other funds |
2.807.258,79 |
16,42 |
2.548.747,25 |
16,85 |
2.178.144,31 |
13,89 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
345.431,87 |
2,02 |
286.924,97 |
1,90 |
370.602,92 |
2,36 |
|
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 |
45.109,27 |
0,26 |
27.731,60 |
0,18 |
20.400,00 |
0,13 |
|
B) NON CURRENT LIABILITIES |
2.545.565,80 |
14,89 |
2.652.682,46 |
17,54 |
3.042.013,53 |
19,40 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
2.527.626,26 |
14,79 |
2.643.412,81 |
17,48 |
3.037.193,65 |
19,37 |
|
2. Debts with bank entities |
1.678.617,25 |
9,82 |
1.687.590,81 |
11,16 |
1.997.917,00 |
12,74 |
|
5. Other financial liabilities |
849.009,01 |
4,97 |
955.822,00 |
6,32 |
1.039.276,65 |
6,63 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
17.939,54 |
0,10 |
9.269,65 |
0,06 |
4.819,88 |
0,03 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
10.001.141,46 |
58,51 |
8.288.578,11 |
54,80 |
8.913.401,25 |
56,84 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
6.093.388,67 |
35,65 |
4.823.650,00 |
31,89 |
6.201.067,45 |
39,54 |
|
2. Debts with bank entities |
6.093.011,00 |
35,64 |
4.538.337,00 |
30,00 |
5.914.027,29 |
37,71 |
|
5. Other financial liabilities |
377,67 |
0,00 |
285.313,00 |
1,89 |
287.040,16 |
1,83 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
24.027,17 |
0,15 |
|
V. Trade creditors and other payable accounts |
3.907.752,79 |
22,86 |
3.464.928,11 |
22,91 |
2.688.306,63 |
17,14 |
|
1. Suppliers |
3.315.699,54 |
19,40 |
2.873.860,00 |
19,00 |
2.222.934,16 |
14,17 |
|
b) Short term suppliers |
3.315.699,54 |
19,40 |
2.873.860,00 |
19,00 |
2.222.934,16 |
14,17 |
|
3. Different creditors |
391.267,97 |
2,29 |
423.418,00 |
2,80 |
300.073,38 |
1,91 |
|
4. Staff (pending remunerations) |
77.316,86 |
0,45 |
75.169,00 |
0,50 |
75.231,70 |
0,48 |
|
5. Liabilities by current taxes |
36.792,66 |
0,22 |
32.512,99 |
0,21 |
28.037,52 |
0,18 |
|
6. Other debts with Public Administrations |
71.424,55 |
0,42 |
53.007,66 |
0,35 |
56.496,75 |
0,36 |
|
7. Clients pre-payments |
15.251,21 |
0,09 |
6.960,46 |
0,05 |
5.533,12 |
0,04 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
17.094.023,84 |
100,00 |
15.125.767,61 |
100,00 |
15.682.668,02 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in €
|
|
28/02/2011 (12) |
%OPERATING INCOME |
28/02/2010 (12) |
%OPERATING INCOME |
28/02/2009 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
22.349.354,97 |
98,88 |
21.465.034,72 |
98,87 |
23.582.128,60 |
98,81 |
|
A) Sales |
|
|
|
|
23.273.407,28 |
97,51 |
|
b) Services provided |
|
|
|
|
308.721,32 |
1,29 |
|
2. Variation in stocks of finished goods and work in progress |
15.561,63 |
0,07 |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-15.575.401,22 |
-68,91 |
-14.815.912,92 |
-68,25 |
-16.284.778,63 |
-68,23 |
|
a) Material consumed |
|
|
|
|
-13.106.430,58 |
-54,91 |
|
c) Works carried out for other companies |
|
|
|
|
-3.178.348,05 |
-13,32 |
|
5. Other operating income |
253.319,25 |
1,12 |
244.316,10 |
1,13 |
284.904,70 |
1,19 |
|
a) Other incomes |
|
|
|
|
280.610,15 |
1,18 |
|
b) Operating grants included in the exercise result |
|
|
|
|
4.294,55 |
0,02 |
|
6. Labour cost |
-2.157.175,17 |
-9,54 |
-1.964.807,08 |
-9,05 |
-2.077.351,17 |
-8,70 |
|
a) Wages and similar expenses |
|
|
|
|
-1.425.838,23 |
-5,97 |
|
b) Social costs |
|
|
|
|
-443.250,32 |
-1,86 |
|
c) Provisions |
|
|
|
|
-208.262,62 |
-0,87 |
|
7. Other operating costs |
-3.973.294,37 |
-17,58 |
-3.929.242,65 |
-18,10 |
-4.129.190,14 |
-17,30 |
|
a) External services |
|
|
|
|
-4.102.540,79 |
-17,19 |
|
b) Taxes |
|
|
|
|
-26.649,35 |
-0,11 |
|
8. Amortization of fixed assets |
-432.926,33 |
-1,92 |
-402.992,07 |
-1,86 |
-503.799,05 |
-2,11 |
|
9. Allocation of subventions on non financial investments and other |
20.145,83 |
0,09 |
12.112,00 |
0,06 |
17.968,60 |
0,08 |
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
292,40 |
0,00 |
|
|
-10.545,97 |
-0,04 |
|
b) Results for disposals and others |
|
|
|
|
-10.545,97 |
-0,04 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
|
|
|
|
8.103,76 |
0,03 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
499.876,99 |
2,21 |
608.508,10 |
2,80 |
887.440,70 |
3,72 |
|
14. Financial income |
11.637,09 |
0,05 |
1.178,07 |
0,01 |
32.167,80 |
0,13 |
|
a) From net worth instruments participations |
|
|
|
|
16.727,50 |
0,07 |
|
a 1) On group and associated companies |
|
|
|
|
16.727,50 |
0,07 |
|
b) From negotiable values and other financial instruments |
|
|
|
|
15.440,30 |
0,06 |
|
b 1) From group and associated companies |
|
|
|
|
8.146,62 |
0,03 |
|
b 2) From third parties |
|
|
|
|
7.293,68 |
0,03 |
|
15. Financial expenses |
-206.704,87 |
-0,91 |
-222.369,94 |
-1,02 |
-480.139,30 |
-2,01 |
|
a) For debts with associated and affiliated companies |
|
|
|
|
-479.861,00 |
-2,01 |
|
b) For debts with third parties |
|
|
|
|
-278,30 |
0,00 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
134.878,07 |
0,60 |
-49.708,49 |
-0,23 |
-6.310,54 |
-0,03 |
|
18. Deterioration and result for disposal of financial instruments |
-38.000,00 |
-0,17 |
-2.456,09 |
-0,01 |
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-98.189,71 |
-0,43 |
-273.356,45 |
-1,26 |
-454.282,04 |
-1,90 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
401.687,28 |
1,78 |
335.151,65 |
1,54 |
433.158,66 |
1,81 |
|
20. Taxes on profits |
-56.255,41 |
-0,25 |
-48.226,68 |
-0,22 |
-62.555,74 |
-0,26 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
|
|
|
|
370.602,92 |
1,55 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
345.431,87 |
1,53 |
286.924,97 |
1,32 |
370.602,92 |
1,55 |
NET WORTH CHANGES
STATUS
Status of
recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
28/02/2011 (12) |
28/02/2010 (12) |
28/02/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
345.431,87 |
286.924,97 |
370.602,92 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and subventions |
36.430,67 |
25.500,00 |
12.200,00 |
|
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 |
-10.930,00 |
-7.650,00 |
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
25.500,67 |
17.850,00 |
12.200,00 |
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and subventions |
-11.604,00 |
-12.112,00 |
-17.968,60 |
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
3.481,00 |
1.594,00 |
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
-8.123,00 |
-10.518,00 |
-17.968,60 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
362.809,54 |
294.256,97 |
364.834,32 |
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 (2008) |
961.600,00 |
2.055.394,42 |
319.255,90 |
|
|
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) |
961.600,00 |
2.055.394,42 |
319.255,90 |
|
|
I. Total recognized income and expenses |
|
|
|
370.602,92 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
319.255,90 |
-319.255,90 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
961.600,00 |
2.374.650,32 |
|
370.602,92 |
|
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) |
961.600,00 |
2.374.650,32 |
|
370.602,92 |
|
I. Total recognized income and expenses |
|
|
|
286.924,97 |
|
II. Operations with partners or owners |
162.997,21 |
|
|
|
|
1. Capital Increases |
162.997,21 |
|
|
|
|
III. Other net worth variations |
|
370.602,94 |
|
-370.602,92 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.124.597,21 |
2.745.253,26 |
|
286.924,97 |
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
1.124.597,21 |
2.745.253,26 |
|
286.924,97 |
|
I. Total recognized income and expenses |
|
|
|
345.431,87 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
286.924,97 |
|
-286.924,97 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
1.124.597,21 |
3.032.178,23 |
|
345.431,87 |
|
NET WORTH CHANGES ( 3 /3) |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
26.169,00 |
3.362.419,32 |
|
|
|
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) |
26.169,00 |
3.362.419,32 |
|
|
|
I. Total recognized income and expenses |
-5.769,00 |
364.833,92 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
20.400,00 |
3.727.253,24 |
|
|
|
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) |
20.400,00 |
3.727.253,24 |
|
|
|
I. Total recognized income and expenses |
7.332,00 |
294.256,97 |
|
|
|
II. Operations with partners or owners |
|
162.997,21 |
|
|
|
1. Capital Increases |
|
162.997,21 |
|
|
|
III. Other net worth variations |
-0,40 |
-0,38 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
27.731,60 |
4.184.507,04 |
|
|
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
27.731,60 |
4.184.507,04 |
|
|
|
I. Total recognized income and expenses |
17.377,67 |
362.809,54 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
45.109,27 |
4.547.316,58 |
|
|
CASH FLOW STATUS
Figures given in €
|
|
28/02/2011 (12) |
28/02/2010 (12) |
28/02/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
401.687,28 |
335.151,65 |
433.158,66 |
|
2. Results adjustments |
607.554,00 |
612.072,00 |
944.347,00 |
|
a) Amortization of fixed assets (+) |
432.926,00 |
402.993,00 |
503.799,00 |
|
d) Grants allocation (-) |
-20.146,00 |
-12.112,00 |
-17.969,00 |
|
e) Results for decline and disposal of fixed assets (+/-) |
-293,00 |
|
10.546,00 |
|
g) Financial income (-) |
-11.637,00 |
-1.178,00 |
-32.169,00 |
|
f) Financial expenses (+) |
206.704,00 |
222.369,00 |
480.140,00 |
|
3. Changes in current capital |
-1.526.033,00 |
1.317.070,00 |
655.672,00 |
|
a) Stocks (+/-) |
-495.363,00 |
943.082,00 |
-570.202,00 |
|
b) Debtors and other receivable accounts (+/-) |
-1.623.807,00 |
-445.327,00 |
510.770,00 |
|
c) Other current assets (+/-) |
-21.394,00 |
38.220,00 |
-2.887,00 |
|
d) Creditors and other payable accounts (+/-) |
614.531,00 |
781.095,00 |
717.991,00 |
|
4. Other cash flow coming from operating activities |
-399.346,00 |
-275.500,00 |
-519.347,00 |
|
a) Interests payments (-) |
-206.704,00 |
-222.369,00 |
-474.764,00 |
|
c) Interests collections (+) |
11.637,00 |
1.178,00 |
32.169,00 |
|
d) Collections (payments) for profit tax (+/-) |
-204.279,00 |
-54.309,00 |
-76.752,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
-916.137,72 |
1.988.793,65 |
1.513.830,66 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-462.280,00 |
-644.551,00 |
-1.830.889,00 |
|
b) Intangible assets |
-42.218,00 |
-115.784,00 |
-80.002,00 |
|
c) Tangible assets |
-397.109,00 |
-90.157,00 |
-43.186,00 |
|
e) Other financial assets |
-22.953,00 |
-438.610,00 |
-1.707.701,00 |
|
7. Disinvestment collections (+) |
204.779,00 |
214.596,00 |
672.049,00 |
|
e) Other financial assets |
204.779,00 |
214.596,00 |
672.049,00 |
|
8. Cash Flow in investment activities (6 + 7) |
-257.501,00 |
-429.955,00 |
-1.158.840,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
43.579,00 |
188.497,00 |
12.200,00 |
|
a) Net worth instruments issue (+) |
|
162.997,00 |
|
|
e) Received legacies, grants and subventions (+) |
43.579,00 |
25.500,00 |
12.200,00 |
|
10. Financial liabilities instruments collections and payments |
1.153.953,00 |
-1.795.224,00 |
-324.516,00 |
|
a) Issue |
1.214.055,00 |
|
131.724,00 |
|
2. Debts with bank entities (+) |
1.214.055,00 |
|
|
|
5. Other debts (+) |
|
|
131.724,00 |
|
b) Return and amortization of |
-60.102,00 |
-1.795.224,00 |
-456.240,00 |
|
2. Debts with bank entities (-) |
|
-1.594.975,00 |
-364.811,00 |
|
3. Debts with group and associated companies (-) |
|
-24.027,00 |
-7.973,00 |
|
5. Other debts (-) |
-60.102,00 |
-176.222,00 |
-83.456,00 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
1.197.532,00 |
-1.606.727,00 |
-312.316,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
23.893,28 |
-47.888,00 |
42.674,66 |
|
Cash or equivalents at the beginning of the exercise |
86.009,00 |
133.897,00 |
91.222,00 |
|
Cash or equivalents at the end of the exercise |
109.903,00 |
86.009,00 |
133.898,02 |
RATIOS
|
|
28/02/2011 (12) |
CHANGE % |
28/02/2010 (12) |
CHANGE % |
28/02/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
3.199.686,62 |
7,61 |
2.973.540,42 |
19,23 |
2.493.970,76 |
|
Working capital ratio |
0,19 |
-5,00 |
0,20 |
25,00 |
0,16 |
|
Soundness Ratio |
1,16 |
7,41 |
1,08 |
24,14 |
0,87 |
|
Average Collection Period (days) |
95 |
32,00 |
72 |
22,70 |
59 |
|
Average Payment Period (days) |
72 |
8,11 |
67 |
39,10 |
48 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
131,99 |
-2,86 |
135,88 |
6,17 |
127,98 |
|
Quick Ratio (%) |
20,82 |
-23,76 |
27,30 |
29,99 |
21,01 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
50,43 |
2,15 |
49,37 |
-16,41 |
59,06 |
|
External Financing Average Cost |
0,02 |
-33,33 |
0,03 |
-40,00 |
0,05 |
|
Debt Service Coverage |
-9,41 |
-350,27 |
3,76 |
-38,56 |
6,12 |
|
Interest Coverage |
2,42 |
-11,68 |
2,74 |
48,11 |
1,85 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-4,10 |
-144,23 |
9,26 |
44,39 |
6,42 |
|
Auto financing generated by Assets (%) |
-5,36 |
-140,76 |
13,15 |
36,27 |
9,65 |
|
Breakdown Point |
1,02 |
-0,97 |
1,03 |
-0,96 |
1,04 |
|
Average Sales Volume per Employee |
338.626,59 |
-3,77 |
351.885,82 |
-4,50 |
368.470,76 |
|
Average Cost per Employee |
32.684,47 |
1,47 |
32.209,95 |
-0,77 |
32.458,61 |
|
Assets Turnover |
1,31 |
-7,75 |
1,42 |
-5,33 |
1,50 |
|
Inventory Turnover (days) |
120 |
5,40 |
113 |
-8,70 |
124 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,92 |
-27,36 |
4,02 |
-28,98 |
5,66 |
|
Operating Profitability (%) |
5,46 |
-18,39 |
6,69 |
-23,98 |
8,80 |
|
Return on Equity (ROE) (%) |
8,92 |
10,67 |
8,06 |
-31,05 |
11,68 |
SECTORIAL ANALYSIS
Balance Sheet and
Financial Balance
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
22,78 |
26,39 |
-3,61 |
|
A) CURRENT ASSETS |
77,22 |
73,61 |
3,61 |
|
LIABILITIES |
|||
|
A) NET WORTH |
26,60 |
46,97 |
-20,37 |
|
B) NON CURRENT LIABILITIES |
14,89 |
11,40 |
3,50 |
|
C) CURRENT LIABILITIES |
58,51 |
41,64 |
16,87 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
98,88 |
98,05 |
0,83 |
|
Other operating income |
1,12 |
1,95 |
-0,83 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-68,91 |
-60,83 |
-8,08 |
|
Variation in stocks of finished goods and work in progress |
0,07 |
-1,62 |
1,69 |
|
GROSS MARGIN |
31,16 |
37,54 |
-6,38 |
|
Other operating costs |
-17,58 |
-15,23 |
-2,35 |
|
Labour cost |
-9,54 |
-17,77 |
8,23 |
|
GROSS OPERATING RESULT |
4,04 |
4,54 |
-0,50 |
|
Amortization of fixed assets |
-1,92 |
-1,55 |
-0,37 |
|
Deterioration and result for fixed assets disposal |
0,00 |
-0,04 |
0,04 |
|
Other expenses / income |
|
0,32 |
|
|
NET OPERATING RESULT |
2,21 |
3,28 |
-1,07 |
|
Financial result |
-0,43 |
-1,09 |
0,66 |
|
RESULT BEFORE TAX |
1,78 |
2,19 |
-0,41 |
|
Taxes on profits |
-0,25 |
-0,58 |
0,33 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,53 |
1,61 |
-0,08 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,53 |
1,61 |
-0,08 |
|
Amortization of fixed assets |
-1,92 |
-1,55 |
-0,37 |
|
Deterioration and provisions variation |
-1,91 |
-7,02 |
5,11 |
|
|
5,36 |
10,18 |
-4,82 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
3.199.686,62 |
840.919,41 |
2.863.088,54 |
5.635.636,50 |
|
Working capital ratio |
0,19 |
0,14 |
0,34 |
0,52 |
|
Soundness Ratio |
1,16 |
1,17 |
1,97 |
3,87 |
|
Average Collection Period (days) |
95 |
61 |
109 |
155 |
|
Average Payment Period (days) |
72 |
49 |
69 |
94 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
131,99 |
119,36 |
192,76 |
315,59 |
|
Quick Ratio (%) |
20,82 |
4,20 |
13,16 |
51,65 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
50,43 |
17,58 |
40,01 |
47,04 |
|
External Financing Average Cost |
0,02 |
0,03 |
0,05 |
0,07 |
|
Debt Service Coverage |
-9,41 |
0,27 |
6,00 |
12,51 |
|
Interest Coverage |
2,42 |
0,01 |
2,21 |
6,65 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-4,10 |
0,77 |
2,81 |
6,92 |
|
Auto financing generated by Assets (%) |
-5,36 |
0,82 |
4,63 |
9,31 |
|
Breakdown Point |
1,02 |
1,00 |
1,04 |
1,09 |
|
Average Sales Volume per Employee |
338.626,59 |
108.235,90 |
174.510,50 |
385.374,16 |
|
Average Cost per Employee |
32.684,47 |
22.103,33 |
28.088,28 |
33.655,19 |
|
Assets Turnover |
1,31 |
1,03 |
1,19 |
1,61 |
|
Inventory Turnover (days) |
120 |
35 |
120 |
243 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,92 |
-0,03 |
4,04 |
8,34 |
|
Operating Profitability (%) |
5,46 |
2,38 |
6,26 |
12,75 |
|
Return on Equity (ROE) (%) |
8,92 |
-2,08 |
6,22 |
23,27 |
ADDITIONAL INFORMATION
Consulted Sources
Central Commercial Registry
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
This company has been consulted was last displayed on 16/03/2012,
115 times in the last quarter and 2.396 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.59 |
|
UK Pound |
1 |
Rs.80.34 |
|
Euro |
1 |
Rs.67.14 |
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.