MIRA
INFORM REPORT
|
Report Date : |
26.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
NIKOLE SA |
|
|
|
|
Registered Office : |
Avenida Deputacion (Pg Ind Sabon Edf Inditex), S/N 15142 Arteixo La Coruρa |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.01.2011 |
|
|
|
|
Date of Incorporation : |
02.04.1982 |
|
|
|
|
Legal Form : |
Sole Corporation |
|
|
|
|
Line of Business : |
Wholesale and Retail Of All Kinds Of Textile Materials, Yarns, Fabrics, Fabrics And Clothing Products And Finishes |
|
|
|
|
No. of Employees : |
16 |
RATING & COMMENTS
|
MIRAs Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
2.165.000,00 |
|
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
NIKOLE SA
CIF/NIF: A15049299
Company situation: Active
EXECUTIVE
SUMMARY
IDENTIFICATION
Current Business Name: NIKOLE SA
Commercial name: LEFTIES
Other names: YES
Current Address: AVENIDA DEPUTACION (PG IND SABON
EDF INDITEX), S/N
Branches: 1
Telephone number: 981185400 Fax: 981185494
Corporate e-mail: comunicacion@inditex.com
Trade Risk
Credit appraisal: 2.165.000,00
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2011): 100.904.600,00 (Commercial Registry)
Result: 4.647.616
Total Assets: 47.553.409
Share capital: 144.243,00
Employees: 16
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 02/04/1982
Activity: Textile industry
NACE 2009 CODE: 1320
International Operations: Imports
Corporate Structure
President:
Parent Company:
Participations: 2
Other Complementary Information
Latest filed accounts in the Commercial Registry: 2010
Latest act published in BORME: 24/02/2012 Resignations
Latest press article: 02/12/2009 LA VOZ DE
GALICIA (LEGAL ANNOUNCEMENTS)
Bank Entities: There are
The date when this report was last updated is 24/03/2012.
The information contained in this report has been investigated and
contrasted on 23/03/2012
TRADE RISK
Credit appraisal
Maximum Credit
(from 0 to
6,000,000 )
Favourable to 2.165.000,00
Financial Situation
The companys financial situation is normal.
The companys financial situation evolution has
been positive.
The sales evolution and results has
been positive.
The auditors opinion about the latest accounts has
been favourable.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is big 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 |
|
07/01/2012 |
Equal |
15 |
There has been a variation in the risk associated
to the activity sector of the company. |
|
05/01/2012 |
Increase |
15 |
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
16/03/2012 10:03:30
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
|
|
31/01/2011 (12) BALANCE SHEET |
% ASSETS |
31/01/2010 (12) BALANCE SHEET |
% ASSETS |
31/01/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
610.945,00 |
1,28 |
25.822,00 |
0,10 |
46.380,00 |
0,32 |
|
B) CURRENT ASSETS |
46.942.464,00 |
98,72 |
26.572.465,00 |
99,90 |
14.448.622,00 |
99,68 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
7.237.104,00 |
15,22 |
3.408.001,00 |
12,81 |
3.302.632,00 |
22,78 |
|
B) NON CURRENT LIABILITIES |
283.620,00 |
0,60 |
132.241,00 |
0,50 |
144.004,00 |
0,99 |
|
C) CURRENT LIABILITIES |
40.032.685,00 |
84,18 |
23.058.045,00 |
86,69 |
11.048.366,00 |
76,22 |
Profit and Loss Account Analysis
Figures given in
|
|
31/01/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/01/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/01/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
100.904.600,00 |
|
9.126.331,00 |
|
38.563.835,00 |
|
|
GROSS MARGIN |
18.744.289,00 |
18,58 |
1.659.750,00 |
18,19 |
2.191.519,00 |
5,68 |
|
EBITDA |
6.269.996,00 |
6,21 |
15.515,00 |
0,17 |
673.175,00 |
1,75 |
|
EBIT |
6.251.887,00 |
6,20 |
8.053,00 |
0,09 |
641.271,00 |
1,66 |
|
NET RESULT |
4.647.616,00 |
4,61 |
105.369,00 |
1,15 |
328.989,00 |
0,85 |
|
EFFECTIVE TAX RATE (%) |
|
|
-30,05 |
0,00 |
20,46 |
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 |
1,28 |
50,84 |
-49,55 |
|
|
|
|
|
A) CURRENT ASSETS |
98,72 |
49,16 |
49,55 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
15,22 |
55,14 |
-39,93 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
0,60 |
16,58 |
-15,98 |
|
|
|
|
|
C) CURRENT LIABILITIES |
84,18 |
28,28 |
55,91 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
99,96 |
97,48 |
2,49 |
|
|
|
|
|
GROSS MARGIN |
18,57 |
40,19 |
-21,62 |
|
|
|
|
|
EBITDA |
6,21 |
4,07 |
2,15 |
|
|
|
|
|
EBIT |
6,19 |
-1,05 |
7,24 |
|
|
|
|
|
NET RESULT |
4,60 |
-2,19 |
6,79 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 132
Number of companies: 29
Size (sales figure): > 7,000,000.00 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 |
4.647.616,12 |
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 |
4.647.616,12 |
|
Total of Amounts to be distributed |
4.647.616,12 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
4.647.616,12 |
Auditing
Source: filing of annual financial statement 2011
Auditors opinion: FAVOURABLE
Auditor: KPMG AUDITORES S.L.
Auditing fees: 28.896,00
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 DEPUTACION (PG IND SABON EDF INDITEX), S/N
15142 ARTEIXO
LA CORUΡA
Characteristics of the current address
Type of establishment: office
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA DE TORDERA (KM 0.6) |
08490 |
TORDERA |
Barcelona |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 4 members (latest change:
01/09/2010) Other Positions : 41 (latest change: 30/01/2012) Auditor : 1 (latest change: 24/01/2011) Operative Board Members : 1 (latest change: 03/01/2012) Non-current positions : 42 (latest change: 14/02/2012) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
RENON TUNEZ, RAMON |
19/11/2008 |
|
MEMBER OF THE BOARD |
FERNANDEZ FERNANDEZ, IGNACIO |
22/06/2009 |
|
MEMBER OF THE BOARD |
ALDAO CANOSA, GERVASIO |
01/09/2010 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
KPMG AUDITORES SL |
24/01/2011 |
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
Manager |
RENON TUNEZ, RAMON |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
INDUSTRIA DE DISEΡO TEXTIL SA |
A15075062 |
100,00 |
OWN SOURCES |
23/03/2012 |
Majority shareholder of INDUSTRIA DE DISEΡO TEXTIL SA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GARTLER SL |
B70080601 |
50,01 |
COMMERCIAL REGISTRY |
31/01/2011 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
NIKOLE DISEΡO SL. |
B70320213 |
100,00 |
B.O.R.M.E. |
08/02/2012 |
|
|
LEFTIES LOGISTICA SA |
A08478448 |
100,00 |
B.O.R.M.E. |
14/07/2011 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: RAMON RENON TUNEZ
|
COMPANY |
POSITION |
PROVINCE |
|
GLENCARE SA |
Presidente |
LA CORUΡA |
|
NIKOLE DISEΡO SL. |
Presidente |
LA CORUΡA |
|
LEFTIES LOGISTICA SA |
Presidente |
LA CORUΡA |
|
TORDERA LOGISTICA SL |
Presidente |
LA CORUΡA |
|
CONFECCIONES GOA SA |
Presidente |
LA CORUΡA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: NIKOLE SA
|
COMPANY FOUND |
PROVINCE |
|
NIKOLE DISEΡO SL. |
LA CORUΡA |
Name Search in the
Internet
Search Criterion: NIKOLE SA
URL: www.facebook.com
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BUSINESS
INFORMATION
Incorporation date: 02/04/1982
Code: 1430000
Activity: Textile industry
NACE 2009 CODE: 1320
NACE 2009 Activity: Weaving of textiles
Business: - MANUFACTURING, MARKETING IN ANY
OF ITS PHASES, IMPORT, EXPORT
AND WHOLESALE AND RETAIL OF ALL
KINDS OF TEXTILE MATERIALS, YARNS, FABRICS, FABRICS AND CLOTHING PRODUCTS AND FINISHES
Latest employees figure: 16 (2012)
% of fixed employees: 100,00%
% of men: 37,29%
% of women: 62,71%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
22 |
37 |
SALES
National Distribution: 43%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO PASTOR, S.A. |
|
|
|
|
Brand name: NIKOLE (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 01/04/2009
Brand name: NIKOLE, S.A. (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 16/04/2005
Brand name: NIK OLE (Valid)
Type: JOINT Scope: NATIONAL Date: 01/11/1989
Brand name: YOUTH SCENE (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 01/12/1988
Brand name: RISOTTO (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 16/10/1985
LEGAL
STRUCTURE
Constitution Data
Register Date: 02/04/1982
Legal form: Sole Corporation
Share capital: 144.243,00
Paid-up capital: 144.243,00
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: 14/01/2010)
Acts on administrators: 85 (Last: 24/02/2012, first:
04/10/1990)
Acts on capital: 0
Acts on creation: 0
Acts on filed accounts: 23 (Last: 13/12/2011, first:
11/10/1990)
Acts on identification: 1 (Last: 27/12/2000)
Acts on Information: 5 (Last: 14/01/2010, first:
15/04/1992)
Latest acts in B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed Accounts (2010) |
13/12/2011 |
977673 |
La Coruρa |
|
|
|
Filed Accounts date: November from 2011 Exercise to which the accounts belong: 2010 Filed Accounts type: Individual Filed accounts available online: DOWNLOAD (+1.0 unit)
PDFThis product is out of the fee for OPEN contracts65093582010TIFFThis
product is out of the fee for OPEN contracts65093582010 Publication Data: Register La
Coruρa, Gazette 234, Page
69706, Announcement 977673 (13/12/2011) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Resignations |
24/02/2012 |
91036 |
La Coruρa |
|
Appointments |
10/02/2012 |
68533 |
La Coruρa |
|
Appointments |
26/01/2012 |
38947 |
La Coruρa |
|
Re-elections |
23/01/2012 |
30559 |
La Coruρa |
|
Appointments |
20/01/2012 |
27930 |
La Coruρa |
|
Resignations |
04/11/2011 |
437923 |
La Coruρa |
|
Appointments |
18/07/2011 |
300046 |
La Coruρa |
|
Appointments |
15/07/2011 |
297996 |
La Coruρa |
|
Appointments |
25/03/2011 |
134558 |
La Coruρa |
Press summary by type of information (last five years)
Legal notices: 1 (Last: 02/12/2009)
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 1 (Last: 02/10/2000)
Latest press article published
02/12/2009 LA VOZ DE GALICIA - LEGAL
ANNOUNCEMENTS
RAL BOARD. THIS SDAD. HELD ON 23/11/09, agreed to
modify the objects, THAT WILL BE UP: THE MANUFACTURING, MARKETING, IMPORT,
EXPORT AND WHOLESALE AND RETAIL OF ALL KINDS OF TEXTILE MATERIALS, YARNS,
FABRICS, FABRIC, ITEMS AND BUILDING MATERIALS AND DECORATION, STORAGE,
TRANSPORTATION AND DISTRIBUTION OF ALL KINDS OF RAW MATERIALS OR PROCESSED,
PRODUCTS, GOODS AND ARTICLES, PROVIDE ALL TYPES OF lOGISTICS, WAREHOUSE MANAGEMENT,
inventory, PROVISION OF TRADE, SERVICES CORPORATE, WRITING AND EXECUTION OF
STUDIES AND PROJECTS, AMONG OTHER ACTIVITIES.
02/10/2000 LA VOZ DE GALICIA - LEGAL
ANNOUNCEMENTS
EXTRAORDINARY GENERAL MEETING OF THE DAY 9/20/00 AGREED TO MOVE THE REGISTERED OFFICE OF THE PROVINCIAL AVENUE, BUILDING INDITEX ARTEIXO, A Coruρa.
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 30/12/2011.
SITUATION BALANCE-SHEET
Assets
Figures given in
|
|
31/01/2011 (12) |
% ASSETS |
31/01/2010 (12) |
% ASSETS |
31/01/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
610.945,00 |
1,28 |
25.822,00 |
0,10 |
46.380,00 |
0,32 |
|
I. Intangible assets |
630,00 |
0,00 |
|
|
|
|
|
3. Patents, licences , trademarks and
similars |
630,00 |
0,00 |
|
|
|
|
|
II. Tangible fixed assets |
154.025,00 |
0,32 |
25.463,00 |
0,10 |
40.792,00 |
0,28 |
|
2. Technical fittings and other tangible
assets |
130.882,00 |
0,28 |
25.463,00 |
0,10 |
40.792,00 |
0,28 |
|
3. Fixed assets in progress and advances |
23.143,00 |
0,05 |
|
|
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
97.292,00 |
0,20 |
|
|
5.588,00 |
0,04 |
|
1. Net worth instruments |
97.292,00 |
0,20 |
|
|
|
|
|
5. Other financial assets |
|
|
|
|
5.588,00 |
0,04 |
|
V. Long Term Financial Investments |
8.207,00 |
0,02 |
359,00 |
0,00 |
|
|
|
5. Other financial assets |
8.207,00 |
0,02 |
359,00 |
0,00 |
|
|
|
VI. Assets by deferred taxes |
350.791,00 |
0,74 |
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
46.942.464,00 |
98,72 |
26.572.465,00 |
99,90 |
14.448.622,00 |
99,68 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
16.852.637,00 |
35,44 |
12.528.889,00 |
47,10 |
2.009.687,00 |
13,86 |
|
1. Goods available for sale |
16.852.637,00 |
35,44 |
12.528.889,00 |
47,10 |
|
|
|
2. Raw material inventory |
|
|
|
|
423.066,00 |
2,92 |
|
3. Work in Progress |
|
|
|
|
1.449.460,00 |
10,00 |
|
b) Short production
cycle |
|
|
|
|
1.449.460,00 |
10,00 |
|
4. Finished goods |
|
|
|
|
137.161,00 |
0,95 |
|
b) Short production
cycle |
|
|
|
|
137.161,00 |
0,95 |
|
III. Trade Debtors and other receivable
accounts |
30.041.503,00 |
63,17 |
11.688.104,00 |
43,94 |
12.433.584,00 |
85,78 |
|
1. Clients |
71.733,00 |
0,15 |
|
|
100,00 |
0,00 |
|
b) Clients for sales and
short term services rendering |
71.733,00 |
0,15 |
|
|
100,00 |
0,00 |
|
2. Clients group and associated companies |
27.039.405,00 |
56,86 |
10.450.388,00 |
39,29 |
10.305.312,00 |
71,10 |
|
3. Other debts |
831.300,00 |
1,75 |
216,00 |
0,00 |
|
|
|
4. Staff |
3.638,00 |
0,01 |
|
|
1.400,00 |
0,01 |
|
6. Other credits with the Public
Administrations |
2.095.427,00 |
4,41 |
1.237.500,00 |
4,65 |
2.126.772,00 |
14,67 |
|
IV. Short term investments in associated
and affiliated companies |
1.197,00 |
0,00 |
2.350.876,00 |
8,84 |
|
|
|
2. Credits to companies |
1.197,00 |
0,00 |
2.350.876,00 |
8,84 |
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
47.127,00 |
0,10 |
4.596,00 |
0,02 |
5.351,00 |
0,04 |
|
1. Treasury |
47.127,00 |
0,10 |
4.596,00 |
0,02 |
5.351,00 |
0,04 |
|
TOTAL ASSETS (A + B) |
47.553.409,00 |
100,00 |
26.598.287,00 |
100,00 |
14.495.002,00 |
100,00 |
Net Worth and Liabilities
Figures given in
|
|
31/01/2011 (12) |
% ASSETS |
31/01/2010 (12) |
% ASSETS |
31/01/2009 (12) |
% ASSETS |
|
A) NET WORTH |
7.237.104,00 |
15,22 |
3.408.001,00 |
12,81 |
3.302.632,00 |
22,78 |
|
A-1) Equity |
8.055.617,00 |
16,94 |
3.408.001,00 |
12,81 |
3.302.632,00 |
22,78 |
|
I. Capital |
144.243,00 |
0,30 |
144.243,00 |
0,54 |
144.243,00 |
1,00 |
|
1. Authorized capital |
144.243,00 |
0,30 |
144.243,00 |
0,54 |
144.243,00 |
1,00 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
3.074.250,00 |
6,46 |
2.968.881,00 |
11,16 |
2.639.892,00 |
18,21 |
|
1. Legal and statutory |
28.848,00 |
0,06 |
28.848,00 |
0,11 |
28.848,00 |
0,20 |
|
2. Other funds |
3.045.402,00 |
6,40 |
2.940.033,00 |
11,05 |
2.611.044,00 |
18,01 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
189.508,00 |
1,31 |
|
1. Carry over |
|
|
|
|
189.508,00 |
1,31 |
|
VI. Other loans from partners |
189.508,00 |
0,40 |
189.508,00 |
0,71 |
|
|
|
VII. Exercise Result |
4.647.616,00 |
9,77 |
105.369,00 |
0,40 |
328.989,00 |
2,27 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
-818.513,00 |
-1,72 |
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
-818.513,00 |
-1,72 |
|
|
|
|
|
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 |
283.620,00 |
0,60 |
132.241,00 |
0,50 |
144.004,00 |
0,99 |
|
I. Long term provisions |
163.141,00 |
0,34 |
|
|
|
|
|
4. Other provisions |
163.141,00 |
0,34 |
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
|
|
III. Long term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
120.479,00 |
0,25 |
132.241,00 |
0,50 |
144.004,00 |
0,99 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
40.032.685,00 |
84,18 |
23.058.045,00 |
86,69 |
11.048.366,00 |
76,22 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
7.135,00 |
0,02 |
38.223,00 |
0,14 |
200,00 |
0,00 |
|
2. Debts with bank entities |
7.135,00 |
0,02 |
|
|
|
|
|
5. Other financial liabilities |
|
|
38.223,00 |
0,14 |
200,00 |
0,00 |
|
IV. Short term debts with associated and
affiliated companies |
11.493.533,00 |
24,17 |
97.752,00 |
0,37 |
3.663.953,00 |
25,28 |
|
V. Trade creditors and other payable
accounts |
28.532.017,00 |
60,00 |
22.922.070,00 |
86,18 |
7.384.213,00 |
50,94 |
|
1. Suppliers |
6.125.034,00 |
12,88 |
5.487.388,00 |
20,63 |
228.151,00 |
1,57 |
|
b) Short term suppliers |
6.125.034,00 |
12,88 |
5.487.388,00 |
20,63 |
228.151,00 |
1,57 |
|
2. Suppliers group and associated
companies |
18.555.693,00 |
39,02 |
15.343.715,00 |
57,69 |
6.347.807,00 |
43,79 |
|
3. Different creditors |
1.386.302,00 |
2,92 |
725.596,00 |
2,73 |
426.614,00 |
2,94 |
|
4. Staff (pending remunerations) |
111.574,00 |
0,23 |
255.183,00 |
0,96 |
104.256,00 |
0,72 |
|
6. Other debts with Public Administrations |
2.184.827,00 |
4,59 |
1.110.188,00 |
4,17 |
277.385,00 |
1,91 |
|
7. Clients pre-payments |
168.587,00 |
0,35 |
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
47.553.409,00 |
100,00 |
26.598.287,00 |
100,00 |
14.495.002,00 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in
|
|
31/01/2011 (12) |
%OPERATING INCOME |
31/01/2010 (12) |
%OPERATING INCOME |
31/01/2009 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
100.904.600,00 |
99,96 |
9.126.331,00 |
99,91 |
38.563.835,00 |
99,96 |
|
A) Sales |
100.904.600,00 |
99,96 |
9.126.331,00 |
99,91 |
38.563.835,00 |
99,96 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
181.552,00 |
0,47 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-82.196.465,00 |
-81,43 |
-7.475.091,00 |
-81,83 |
-36.567.948,00 |
-94,79 |
|
a) Material consumed |
-81.675.309,00 |
-80,91 |
-6.600.749,00 |
-72,26 |
|
|
|
b) Raw materials consumed |
-28.249,00 |
-0,03 |
3.237,00 |
0,04 |
-22.914.442,00 |
-59,40 |
|
c) Works carried out for other companies |
-492.907,00 |
-0,49 |
-877.579,00 |
-9,61 |
-13.653.506,00 |
-35,39 |
|
5. Other operating income |
36.154,00 |
0,04 |
8.510,00 |
0,09 |
14.080,00 |
0,04 |
|
a) Other incomes |
34.151,00 |
0,03 |
8.510,00 |
0,09 |
13.763,00 |
0,04 |
|
b) Operating grants included in the
exercise result |
2.003,00 |
0,00 |
|
|
317,00 |
0,00 |
|
6. Labour cost |
-3.631.716,00 |
-3,60 |
-674.910,00 |
-7,39 |
-1.292.403,00 |
-3,35 |
|
a) Wages and similar expenses |
-3.057.124,00 |
-3,03 |
-606.483,00 |
-6,64 |
-1.043.862,00 |
-2,71 |
|
b) Social costs |
-574.592,00 |
-0,57 |
-68.427,00 |
-0,75 |
-248.541,00 |
-0,64 |
|
7. Other operating costs |
-8.837.577,00 |
-8,76 |
-969.325,00 |
-10,61 |
-246.369,00 |
-0,64 |
|
a) External services |
-8.820.475,00 |
-8,74 |
-955.011,00 |
-10,45 |
-235.207,00 |
-0,61 |
|
b) Taxes |
-16.874,00 |
-0,02 |
-11.212,00 |
-0,12 |
-11.162,00 |
-0,03 |
|
d) Other day to day expenses |
-228,00 |
0,00 |
-3.102,00 |
-0,03 |
|
|
|
8. Amortization of fixed assets |
-18.109,00 |
-0,02 |
-7.462,00 |
-0,08 |
-31.904,00 |
-0,08 |
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed
assets disposal |
|
|
|
|
|
|
|
12. Negative difference of business
combinations |
|
|
|
|
|
|
|
13. Other results |
-5.000,00 |
0,00 |
|
|
20.428,00 |
0,05 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 +
6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
6.251.887,00 |
6,19 |
8.053,00 |
0,09 |
641.271,00 |
1,66 |
|
14. Financial income |
|
|
5.371,00 |
0,06 |
|
|
|
b) From negotiable values and other
financial instruments |
|
|
5.371,00 |
0,06 |
|
|
|
b 1) From group and
associated companies |
|
|
5.371,00 |
0,06 |
|
|
|
15. Financial expenses |
-70.075,00 |
-0,07 |
-2.761,00 |
-0,03 |
-227.640,00 |
-0,59 |
|
a) For debts with associated and
affiliated companies |
-68.744,00 |
-0,07 |
-2.761,00 |
-0,03 |
-227.640,00 |
-0,59 |
|
b) For debts with third parties |
-1.331,00 |
0,00 |
|
|
|
|
|
16. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
461.758,00 |
0,46 |
-317.812,00 |
-3,48 |
|
|
|
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) |
391.683,00 |
0,39 |
-315.202,00 |
-3,45 |
-227.640,00 |
-0,59 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
6.643.570,00 |
6,58 |
-307.149,00 |
-3,36 |
413.631,00 |
1,07 |
|
20. Taxes on profits |
|
|
92.313,00 |
1,01 |
-84.642,00 |
-0,22 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED
OPERATIONS (A.3 + 20) |
6.643.570,00 |
6,58 |
-214.836,00 |
-2,35 |
328.989,00 |
0,85 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming
from discontinued operations |
-1.995.954,00 |
-1,98 |
320.205,00 |
3,51 |
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
4.647.616,00 |
4,60 |
105.369,00 |
1,15 |
328.989,00 |
0,85 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
Figures given in
|
NET WORTH CHANGES (1/3) |
31/01/2011 (12) |
31/01/2010 (12) |
31/01/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
4.647.616,00 |
105.369,00 |
328.989,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO
NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
-1.169.304,00 |
|
|
|
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 |
350.791,00 |
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED
DIRECTLY TO NET WORTH (I + II + III + IV +V+VI+VII) |
-818.513,00 |
|
|
|
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) |
3.829.103,00 |
105.369,00 |
328.989,00 |
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
OTHER LOANS FROM PARTNERS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
144.243,00 |
2.380.585,00 |
|
|
|
I. Adjustments by change of criteria in
the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2009) |
144.243,00 |
2.380.585,00 |
|
|
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
189.508,00 |
|
|
5. Operations with own participations or
shares (net) |
|
|
189.508,00 |
|
|
III. Other net worth variations |
|
259.307,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
144.243,00 |
2.639.892,00 |
|
189.508,00 |
|
I. Adjustments by change of criteria in
the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2010) |
144.243,00 |
2.639.892,00 |
|
189.508,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
328.989,00 |
-328.989,00 |
|
|
7. Other operations with partners or
owners |
|
328.989,00 |
-328.989,00 |
|
|
III. Other net worth variations |
|
|
328.989,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
144.243,00 |
2.968.881,00 |
|
189.508,00 |
|
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) |
144.243,00 |
2.968.881,00 |
|
189.508,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
105.369,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
144.243,00 |
3.074.250,00 |
|
189.508,00 |
|
NET WORTH CHANGES ( 3 /3) |
EXERCISE RESULT |
VALUE CHANGES ADJUSTMENT |
TOTAL |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
259.307,00 |
|
2.784.135,00 |
|
|
I. Adjustments by change of criteria in
the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2009) |
259.307,00 |
|
2.784.135,00 |
|
|
I. Total recognized income and expenses |
328.989,00 |
|
328.989,00 |
|
|
II. Operations with partners or owners |
|
|
189.508,00 |
|
|
5. Operations with own participations or
shares (net) |
|
|
189.508,00 |
|
|
III. Other net worth variations |
-259.307,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
328.989,00 |
|
3.302.632,00 |
|
|
I. Adjustments by change of criteria in
the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2010) |
328.989,00 |
|
3.302.632,00 |
|
|
I. Total recognized income and expenses |
105.369,00 |
|
105.369,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
7. Other operations with partners or
owners |
|
|
|
|
|
III. Other net worth variations |
-328.989,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
105.369,00 |
|
3.408.001,00 |
|
|
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) |
105.369,00 |
|
3.408.001,00 |
|
|
I. Total recognized income and expenses |
4.647.616,00 |
-818.513,00 |
3.829.103,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-105.369,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
4.647.616,00 |
-818.513,00 |
7.237.104,00 |
|
CASH FLOW STATUS
Figures given in
|
|
31/01/2011 (12) |
31/01/2010 (12) |
31/01/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING
ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
6.643.570,00 |
150.623,00 |
413.631,00 |
|
2. Results adjustments |
1.093.911,00 |
366.502,00 |
317.566,00 |
|
a) Amortization of fixed assets (+) |
18.109,00 |
15.318,00 |
31.904,00 |
|
c) Change of Provisions (+/-) |
161.810,00 |
|
|
|
e) Results for decline and disposal of
fixed assets (+/-) |
|
20.828,00 |
|
|
g) Financial income (-) |
|
-5.371,00 |
|
|
f) Financial expenses (+) |
70.075,00 |
40.135,00 |
227.644,00 |
|
i) Change difference (+/-) |
843.917,00 |
295.592,00 |
|
|
k) Other income and expenses (-/+) |
|
|
58.018,00 |
|
3. Changes in current capital |
-19.088.269,00 |
5.485.598,00 |
-47.271,00 |
|
a) Stocks (+/-) |
-4.323.748,00 |
-10.519.202,00 |
-89.609,00 |
|
b) Debtors and other receivable accounts
(+/-) |
-18.353.399,00 |
745.480,00 |
2.410.705,00 |
|
c) Other current assets (+/-) |
|
|
197,00 |
|
d) Creditors and other payable accounts
(+/-) |
3.596.726,00 |
15.242.265,00 |
-2.368.564,00 |
|
e) Other current liabilities (+/-) |
|
11.826,00 |
|
|
f) Other non-current assets and
liabilities (+/-) |
-7.848,00 |
5.229,00 |
|
|
4. Other cash flow coming from operating
activities |
-57.017,00 |
-324.045,00 |
-297.919,00 |
|
a) Interests payments (-) |
|
-227.640,00 |
-99.439,00 |
|
d) Collections (payments) for profit tax
(+/-) |
-57.017,00 |
-96.405,00 |
-198.480,00 |
|
5. Cash flow coming from operating
activities (1 + 2 + 3 + 4) |
-11.407.805,00 |
5.678.678,00 |
386.007,00 |
|
B) CASH FLOW COMING FROM INVESTING
ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-274.684,00 |
-2.345.505,00 |
|
|
a) Group and associated companies |
-97.292,00 |
-2.345.505,00 |
|
|
b) Intangible assets |
-700,00 |
|
|
|
c) Tangible assets |
-176.692,00 |
|
|
|
7. Disinvestment collections (+) |
2.349.679,00 |
5.380,00 |
|
|
a) Group and associated companies |
2.349.679,00 |
|
|
|
c) Tangible assets |
|
5.380,00 |
|
|
8. Cash Flow in investment activities (6 +
7) |
2.074.995,00 |
-2.340.125,00 |
|
|
C) CASH FLOW COMING FROM FINANCING
ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and
payments |
|
|
|
|
10. Financial liabilities instruments
collections and payments |
9.375.341,00 |
-3.339.308,00 |
-386.007,00 |
|
a) Issue |
9.376.338,00 |
|
100,00 |
|
1. Debentures and other
negotiable values (+) |
9.376.338,00 |
|
|
|
5. Other debts (+) |
|
|
100,00 |
|
b) Return and amortization of |
-997,00 |
-3.339.308,00 |
-386.107,00 |
|
2. Debts with bank
entities (-) |
-997,00 |
|
|
|
3. Debts with group and
associated companies (-) |
|
-3.339.308,00 |
-386.107,00 |
|
11. Payments for dividends and
remunerations of other net worth instruments |
|
|
|
|
12. Cash Flow in financing activities (9 +
10 + 11) |
9.375.341,00 |
-3.339.308,00 |
-386.007,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE /
REDUCTION (5 + 8 + 12 + D) |
42.531,00 |
-755,00 |
|
|
Cash or equivalents at the beginning of
the exercise |
4.596,00 |
5.351,00 |
5.351,00 |
|
Cash or equivalents at the end of the
exercise |
47.127,00 |
4.596,00 |
5.351,00 |
RATIOS
|
|
31/01/2011 (12) |
CHANGE % |
31/01/2010 (12) |
CHANGE % |
31/01/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
6.909.779,00 |
96,61 |
3.514.420,00 |
3,36 |
3.400.256,00 |
|
Working capital ratio |
0,14 |
7,69 |
0,13 |
-45,83 |
0,24 |
|
Soundness Ratio |
13,19 |
-90,01 |
131,98 |
85,34 |
71,21 |
|
Average Collection Period (days) |
107 |
-76,74 |
461 |
297,83 |
116 |
|
Average Payment Period (days) |
158 |
-83,86 |
981 |
808,67 |
108 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
117,26 |
1,75 |
115,24 |
-11,88 |
130,78 |
|
Quick Ratio (%) |
0,12 |
500,00 |
0,02 |
-60,00 |
0,05 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
24,18 |
4.643,14 |
0,51 |
-97,98 |
25,28 |
|
External Financing Average Cost |
0,01 |
-50,00 |
0,02 |
-66,67 |
0,06 |
|
Debt Service Coverage |
-1,01 |
-5.150,00 |
0,02 |
-99,79 |
9,49 |
|
Interest Coverage |
89,22 |
2.955,48 |
2,92 |
3,55 |
2,82 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-11,31 |
-118,18 |
62,22 |
6.122,00 |
1,00 |
|
Auto financing generated by Assets (%) |
-23,99 |
-212,37 |
21,35 |
702,63 |
2,66 |
|
Breakdown Point |
1,07 |
7,00 |
1,00 |
-1,96 |
1,02 |
|
Average Sales Volume per Employee |
2.242.324,44 |
293,12 |
570.395,69 |
|
|
|
Average Cost per Employee |
80.704,80 |
91,33 |
42.181,88 |
|
|
|
Assets Turnover |
2,12 |
523,53 |
0,34 |
-87,22 |
2,66 |
|
Inventory Turnover (days) |
74 |
-87,77 |
603 |
2.947,27 |
20 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
13,15 |
43.733,33 |
0,03 |
-99,32 |
4,42 |
|
Operating Profitability (%) |
13,18 |
21.883,33 |
0,06 |
-98,71 |
4,64 |
|
Return on Equity (ROE) (%) |
82,47 |
1.015,32 |
-9,01 |
-171,96 |
12,52 |
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 |
1,28 |
50,84 |
-49,55 |
|
A) CURRENT ASSETS |
98,72 |
49,16 |
49,55 |
|
LIABILITIES |
|||
|
A) NET WORTH |
15,22 |
55,14 |
-39,93 |
|
B) NON CURRENT LIABILITIES |
0,60 |
16,58 |
-15,98 |
|
C) CURRENT LIABILITIES |
84,18 |
28,28 |
55,91 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,96 |
97,48 |
2,48 |
|
Other operating income |
0,04 |
2,52 |
-2,48 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-81,43 |
-58,67 |
-22,76 |
|
Variation in stocks of finished goods and
work in progress |
|
-1,14 |
|
|
GROSS MARGIN |
18,57 |
40,19 |
-21,62 |
|
Other operating costs |
-8,76 |
-19,36 |
10,60 |
|
Labour cost |
-3,60 |
-17,12 |
13,52 |
|
GROSS OPERATING RESULT |
6,22 |
3,71 |
2,51 |
|
Amortization of fixed assets |
-0,02 |
-4,75 |
4,73 |
|
Deterioration and result for fixed assets
disposal |
|
-0,06 |
|
|
Other expenses / income |
|
0,04 |
|
|
NET OPERATING RESULT |
6,19 |
-1,05 |
7,24 |
|
Financial result |
0,39 |
-1,91 |
2,30 |
|
RESULT BEFORE TAX |
6,58 |
-2,96 |
9,54 |
|
Taxes on profits |
|
0,77 |
|
|
RESULT COMING FROM CONTINUED OPERATIONS |
6,58 |
-2,19 |
8,77 |
|
Exercise result coming from discontinued
operations net of taxes |
-1,98 |
0,00 |
-1,98 |
|
NET RESULT |
4,60 |
-2,19 |
6,79 |
|
Amortization of fixed assets |
-0,02 |
-4,75 |
4,73 |
|
Deterioration and provisions variation |
-0,02 |
-0,37 |
0,35 |
|
|
4,64 |
2,93 |
1,71 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
6.909.779,00 |
2.467.681,46 |
4.459.030,13 |
6.925.376,17 |
|
Working capital ratio |
0,14 |
0,18 |
0,28 |
0,46 |
|
Soundness Ratio |
13,19 |
0,94 |
1,72 |
3,38 |
|
Average Collection Period (days) |
107 |
90 |
117 |
128 |
|
Average Payment Period (days) |
158 |
79 |
111 |
133 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
117,26 |
152,63 |
170,59 |
221,25 |
|
Quick Ratio (%) |
0,12 |
6,88 |
13,00 |
35,17 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
24,18 |
10,72 |
25,76 |
37,68 |
|
External Financing Average Cost |
0,01 |
0,04 |
0,05 |
0,08 |
|
Debt Service Coverage |
-1,01 |
1,00 |
3,34 |
8,32 |
|
Interest Coverage |
89,22 |
0,60 |
1,07 |
2,59 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-11,31 |
1,08 |
3,35 |
7,72 |
|
Auto financing generated by Assets (%) |
-23,99 |
1,06 |
3,87 |
7,08 |
|
Breakdown Point |
1,07 |
1,00 |
1,02 |
1,04 |
|
Average Sales Volume per Employee |
2.242.324,44 |
131.392,39 |
174.804,22 |
260.694,71 |
|
Average Cost per Employee |
80.704,80 |
26.603,60 |
28.720,19 |
31.923,81 |
|
Assets Turnover |
2,12 |
0,68 |
0,93 |
1,22 |
|
Inventory Turnover (days) |
74 |
91 |
144 |
256 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
13,15 |
0,54 |
1,55 |
3,82 |
|
Operating Profitability (%) |
13,18 |
2,07 |
5,95 |
8,70 |
|
Return on Equity (ROE) (%) |
82,47 |
-0,82 |
1,61 |
4,86 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.90 |
|
|
1 |
Rs.80.77 |
|
Euro |
1 |
Rs.67.40 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.