MIRA
INFORM REPORT
|
Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Carretera De Caudete KM1 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.06.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees : |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Spain |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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Off-credit |
D |
Company name and address
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Registered Name TEX ATHENES S.L Complete Address Carretera De Caudete KM1 ALICANTE 03400 Telephones 965815001 Request reason Indicar los nombres de los productos que comercializa |
Year of the accounts to be delivered 2010 Language Inglés Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference Number 179942 |
Answer to the data in your
request
The
data of your request have been confirmed and are correct. The subject’s correct
address is Cr. Caudete, km 1 apartado 1089, 03400 Villena, Alicante.
Financial
Information
The
last filed accounts of the subject presented in the Trade Register corresponds
to the 2010 exercise.
Concerning
your request, the totality of the industrial textile process from warping,
weaving and preparation of the fabrics, colours, designs, separation, printing
dying and all types of finishing, to the final distribution of a product
completely finished, directed toward the national and international markets. Products:
textiles (Pretoria and Minerva Collection)
Business
Name
The correct registered name is the one indicated in this report and not the one mentioned in your request.
Identification
Current
Business Name: TEX ATHENEA SL
Commercial
name: ATHENEA
Other
names: NO
Current
Address: CARRETERA CAUDETE (KM 1 APDO 1089)
Branches: 2
Telephone
number: 965815001 Fax: 965815046
URL: www.texathenea.com
Corporate
e-mail: info@texathenea.es
Trade Risk
Incidents: NO
R.A.I.: NO
EXPERIAN
BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of Payment: NO
Financial Information
Latest
sales known (2012): 26.576.545,30
€ (Forecast)
Balance
sheet latest sales (2010): 26.560.606,55 € (Commercial Registry)
Result: 22.752,59 €
Total
Assets: 23.880.085,13 €
Share
capital: 14.774.412,00 €
Employees: 170
Listed on a Stock
Exchange: NO
Commercial Information
Incorporation
date: 16/06/2006
Activity: Preparation & spinning of cotton-type fibres
NACE
2009 CODE: 1320
International
Operations: Imports and Exports
Corporate Structure
President:
Parent
Company:
TEXTILES ATHENEA, SOCIEDAD ANONIMA
Participations: 2
Other Complementary Information
Latest
filed accounts in the Commercial Registry: 2010
Latest
act published in BORME: 09/08/2011 Annual
Filed Accounts
Latest
press article: No press articles registered for this
company at INFORMA D&B, S.A.
Bank
Entities: There are
The
date when this report was last updated is 17/05/2012.
The
information contained in this report has been investigated and contrasted
on 17/05/2012
Rating Explication
Financial
Situation
•
The company’s financial situation
is normal.
•
The company’s financial situation
evolution has been stable.
•
The sales evolution has been
positive not the results one, which has been negative.
•
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.
Summary
LEGAL
ACTIONS: No legal actions registered
ADMINISTRATIVE
CLAIMS: No administrative claims registered
AFFECTED BY: No significant
element.
Summary
COMPANY
NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS
OF PAYMENT
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
11/05/2012
08:05:56
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
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 |
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|
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|
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A) NON CURRENT ASSETS |
3.819.062,82 |
15,99 |
5.105.398,77 |
19,97 |
6.313.446,67 |
24,79 |
|
B) CURRENT ASSETS |
20.061.022,31 |
84,01 |
20.460.992,56 |
80,03 |
19.150.782,28 |
75,21 |
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LIABILITIES |
|
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A) NET WORTH |
15.168.755,24 |
63,52 |
15.146.002,65 |
59,24 |
14.990.700,36 |
58,87 |
|
B) NON CURRENT LIABILITIES |
1.042.589,81 |
4,37 |
955.453,52 |
3,74 |
577.304,18 |
2,27 |
|
C) CURRENT LIABILITIES |
7.668.740,08 |
32,11 |
9.464.935,16 |
37,02 |
9.896.224,41 |
38,86 |
Profit and Loss Account Analysis 
Figures
given in €
|
|
2012 FORECAST |
2011 ESTIMATED |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
26.576.545,30 |
26.568.574,73 |
26.560.606,55 |
|
25.437.645,61 |
|
|
GROSS MARGIN |
|
|
13.316.996,63 |
50,14 |
13.512.035,88 |
53,12 |
|
EBITDA |
|
|
1.471.542,56 |
5,54 |
1.820.379,97 |
7,16 |
|
EBIT |
|
|
199.198,17 |
0,75 |
357.750,15 |
1,41 |
|
NET RESULT |
|
|
22.752,59 |
0,09 |
155.302,29 |
0,61 |
|
EFFECTIVE TAX RATE (%) |
|
|
64,28 |
0,00 |
36,16 |
0,00 |
Values table
Figures
expressed in %
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|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
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BALANCE SHEET ANALYSIS: % on
the total assets |
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ASSETS |
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||
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A) NON CURRENT ASSETS |
15,99 |
38,72 |
-22,73 |
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A) CURRENT ASSETS |
84,01 |
61,28 |
22,73 |
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LIABILITIES |
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A) NET WORTH |
63,52 |
45,52 |
18,00 |
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B) NON CURRENT LIABILITIES |
4,37 |
17,80 |
-13,44 |
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C) CURRENT LIABILITIES |
32,11 |
36,68 |
-4,56 |
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COMPANY (2010) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT
ANALYSIS: % on the total operating income |
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SALES |
94,72 |
97,37 |
-2,64 |
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GROSS MARGIN |
47,49 |
44,22 |
3,27 |
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EBITDA |
5,25 |
7,12 |
-1,88 |
|
|
|
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EBIT |
0,71 |
1,53 |
-0,82 |
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|
|
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NET RESULT |
0,08 |
-0,64 |
0,72 |
|
|
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Sector Composition
Compared
sector (NACE 2009): 132
Number
of companies: 27
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 |
22.752,59 |
Legal Reserve |
2.275,26 |
|
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 |
20.477,33 |
|
Total of Amounts to be
distributed |
22.752,59 |
Dividends |
0,00 |
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Carry over and others |
0,00 |
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Compensation of previous
exercises losses |
0,00 |
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Application total |
22.752,59 |
Auditing
Source: filing
of annual financial statement 2010
Auditors’
opinion: FAVOURABLE
Auditor: MAZARS
AUDITORES S.L.
Auditing
fees: 21.400,00 €
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.
Business
address
Current
Legal Seat Address:
CARRETERA CAUDETE
(KM 1 APDO 1089)
03400 VILLENA
ALICANTE
Branches
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
POLIGONO INDUSTRIAL
RUBIAL, S/N |
03400 |
VILLENA |
Alicante |
|
CARRETERA YECLA |
03400 |
VILLENA |
Alicante |
There
are 2 branches registered.
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration
board |
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Governing body : 10 members (latest
change: 17/01/2011) Auditor : 1 (latest
change: 26/03/2008) Operative Board Members : 4 (latest
change: 25/05/2011) Non-current positions : 2 (latest
change: 14/01/2011) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
RIBERA CARRION, FERNANDO |
17/01/2011 |
|
VICE-PRESIDENT |
RIBERA CARRION, LAURA |
17/01/2011 |
|
MANAGING DIRECTOR |
RIBERA CARRION, ELISEO |
17/01/2011 |
|
MANAGING DIRECTOR |
RIBERA POVEDA, JUAN ANGEL |
17/01/2011 |
|
MEMBER OF THE BOARD |
RIBERA CARRION, JUAN ANTONIO |
14/01/2011 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
MAZARS AUDITORES SL |
26/03/2008 |
There
are 11 board members, directors and auditors registered at
Functional Managers
|
POSITION |
NAME AND SURNAME |
|
General Manager |
RIBERA CARRION, ELISEO |
|
Financial Manager |
RIBERA POVEDA, ANDEL |
|
Human Resources Director |
ARGILER, JAVIER |
|
Commercial Director |
RIBERA CARRION, ELISEO |
Direct Shareholders
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TEXTILES ATHENEA, SOCIEDAD
ANONIMA |
A03051976 |
99,98 |
OWN SOURCES |
19/04/2012 |
There
are 1 direct financial links through shareholders registered at
Indirect Shareholders
Majority shareholder of TEXTILES
ATHENEA, SOCIEDAD ANONIMA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
RIBERA FRANCES ELISEO |
|
40,00 |
OWN SOURCES |
06/11/2009 |
Direct Participations
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TEX ATHENEA ITALIA SRL |
ITALY |
51,00 |
COMMERCIAL REGISTRY |
31/12/2010 |
|
|
HOLDING 4P |
FRANCE |
25,00 |
COMMERCIAL REGISTRY |
31/12/2010 |
There
are 2 direct financial links through participations registered
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”FERNANDO
RIBERA CARRION”
|
COMPANY |
POSITION |
PROVINCE |
|
TEXTILES ATHENEA, SOCIEDAD
ANONIMA |
Presidente |
ALICANTE |
|
ATHENEA ENERGIA SL |
Administrador |
ALICANTE |
In case you need more
information you can request:Board Members Monitoring
Search Criterion: ”TEX
ATHENEA SL”
URL: www.texathenea.com
TEX.ATHENEA
Athenea ... Please send us an email and we’ll respond when it happens. ©2012
All rights reserved. Todos los derechos reservados. Texathenea SL.
URL: www.texathenea.net
...::: Books Collection by
Athenea :::... New Friends Collection - Books collection by Athenea.
Click en la flechas ... y servicios. TexAthenea S.L., en ningún caso cederá
estos datos a terceros.
URL: www.texathenea.net
...::: Books Collection by
Athenea :::... New Friends Collection - Books collection by Athenea
... By submitting this form, I authorize TexAthenea SL to send me information
and newsletters about their ...
BUSINESS INFORMATION
Incorporation date: 16/06/2006
Informa Code: 1431300
Informa
Activity: Preparation & spinning of cotton-type fibres
NACE
2009 CODE: 1320
NACE
2009 Activity: Weaving of textiles
Business: A.
FABRICACION Y COMERCIALIZACION DE TODO TIPO DE TEJIDOS DESTINADOS A HOGAR Y DECORACION.
B. FABRICACION Y COMERCIALIZACION DE TODO TIPO DE TEJIDOS DESTINADOS A USO
INDUSTRIAL. C. FABRICACION, COMERCIALIZACION DE TODO T
Activity description: FABRICACION
DE TEJIDOS TEXTILES PARA EL HOGAR, DECORACION Y USO INDUSTRIAL.
Employees
Latest
employees figure: 170 (2012)
% of
fixed employees: 95,88%
% of
temporary employees: 4,12%
% of
men: 90,96%
% of women: 9,04%
Employees evolution
|
|
|
|
Source: Annual
financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
151 |
15 |
PURCHASES
Import
Percentage: 34%
Imports
from: UNIÓN EUROPEA Y OTROS PAISES
National Distribution: 66%
SALES
Export
Percentage: 72%
Exports
to: UNIÓN EUROPEA Y OTROS PAISES
National Distribution: 28%
SUPPLIERS
|
BUSINESS
NAME |
INTERNATIONAL |
|
TEXTILES
ATHENEA SA |
NO |
There
are 1 Suppliers at INFORMA D&B, S.A.
CLIENTS
|
BUSINESS
NAME |
INTERNATIONAL |
|
S.A.
FOREZIENNE TEXTILE STOF |
YES |
|
TEX.
ATHENEA ITALIA SRL |
YES |
There
are 2 Clients at INFORMA D&B, S.A.
•
El 69,98% de su cifra de negocio
corresponde a textil.
•
El 21,50% de su cifra de negocio
corresponde a confección.
•
El 8,40% de su cifra de negocio corresponde
a metraje.
•
El 0,12% de su cifra de negocio
corresponde a muestras.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO ESPAÑOL DE CREDITO, S.A. |
3028 |
PQ RUPERTO CHAPI 9 A |
VILLENA |
Alicante |
|
CAIXABANK, S.A. |
|
|
VILLENA |
|
|
BANKINTER, S.A. |
0648 |
AVDA. DE LA CONSTITUCION, 6 |
VILLENA |
Alicante |
There
are 3 bank entities registered
Discount
facilities: 1
Credit
policy: 0
Mortgage
loan: 0
Loans
with no real security: 0
|
|
|
|
Debt type: Discount
facilities |
Granted limit:970.000,00
€ Used limit:391.719,06
€ Available limit:578.280,94
€ Source: Filed
Accounts (2010) |
|
|
|
There
are 1 bank operations registered
Grants
|
|
|
|
Grant type: Projects
development or business enlargement or improvement Granting year:
2010 |
Nominal amount:
39.010,50 € Source:
Filed Accounts (2010) |
|
|
|
There
are 1 grants registered
LEGAL STRUCTURE
Constitution Data
Register
Date: 16/06/2006
Register
town: Alicante
Announcement
number: 551301
Register
data:
Volume 3108, Folio 161, Section 8, Sheet 102168,
Inscription I/A
1 (2006-11-03)
Share capital: 3.600
€
Legal
form: Limited Liability Company
Share capital: 14.774.412,00 €
Obligation
to fill in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E. (OFFICIAL GAZETTE OF
THE COMMERCIAL REGISTRY)
Acts
on activity: 0
Acts
on administrators: 7 (Last: 17/01/2011, first: 20/11/2006)
Acts
on capital: 1 (Last: 16/02/2007)
Acts
on creation: 1 (Last: 20/11/2006)
Acts
on filed accounts: 5 (Last: 09/08/2011, first: 27/08/2007)
Acts
on identification: 0
Acts
on Information: 1 (Last: 14/01/2011)
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) |
09/08/2011 |
259850 |
Alicante |
|
|
|
Filed Accounts date: July
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 contracts59826322010TIFFThis product is out of the fee for OPEN
contracts59826322010 Publication Data:
Register Alicante, Gazette 151, Page
40717, Announcement 259850 (09/08/2011) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
COMMERCIAL REGISTRY |
|
Annual Filed
Accounts (2009) |
22/02/2011 |
85678 |
Alicante |
|
Appointments |
17/01/2011 |
15616 |
Alicante |
|
Modification of the Articles
of Association |
14/01/2011 |
13725 |
Alicante |
|
Appointments |
14/01/2011 |
13725 |
Alicante |
|
Resignations |
14/01/2011 |
13725 |
Alicante |
|
Resignations |
18/11/2010 |
424039 |
Alicante |
|
Annual Filed
Accounts (2008) |
10/12/2009 |
991981 |
Alicante |
|
Annual Filed
Accounts (2007) |
25/08/2008 |
299083 |
Alicante |
|
Appointments |
26/03/2008 |
160257 |
Alicante |
There
are 15 acts registered
Press articles
No press articles registered for
this company at INFORMA D&B, S.A.
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 29/08/2011.
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 |
3.819.062,82 |
15,99 |
5.105.398,77 |
19,97 |
6.313.446,67 |
24,79 |
|
I. Intangible assets |
192.266,67 |
0,81 |
191.299,23 |
0,75 |
198.187,49 |
0,78 |
|
5. Software |
192.266,67 |
0,81 |
84.115,23 |
0,33 |
144.595,49 |
0,57 |
|
7. Other intangible assets |
|
|
107.184,00 |
0,42 |
53.592,00 |
0,21 |
|
II. Tangible fixed assets |
3.048.001,15 |
12,76 |
4.298.096,29 |
16,81 |
5.499.255,93 |
21,60 |
|
1. Property, plant and
equipment |
193.055,58 |
0,81 |
203.243,22 |
0,79 |
213.430,86 |
0,84 |
|
2. Technical fittings and
other tangible assets |
2.854.945,57 |
11,96 |
4.094.853,07 |
16,02 |
5.285.825,07 |
20,76 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in
associated and affiliated companies |
578.795,00 |
2,42 |
578.795,00 |
2,26 |
578.795,00 |
2,27 |
|
1. Net worth instruments |
578.795,00 |
2,42 |
578.795,00 |
2,26 |
578.795,00 |
2,27 |
|
V. Long Term Financial Investments |
|
|
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
37.208,25 |
0,15 |
37.208,25 |
0,15 |
|
VII. Non current commercial
debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
20.061.022,31 |
84,01 |
20.460.992,56 |
80,03 |
19.150.782,28 |
75,21 |
|
I. Non-current assets
maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
10.601.867,00 |
44,40 |
10.133.834,11 |
39,64 |
9.815.895,20 |
38,55 |
|
2. Raw material inventory |
2.195.482,00 |
9,19 |
1.917.010,80 |
7,50 |
2.404.958,04 |
9,44 |
|
3. Work in Progress |
1.412.032,00 |
5,91 |
2.163.757,00 |
8,46 |
1.819.267,00 |
7,14 |
|
b) Short production cycle |
1.412.032,00 |
5,91 |
2.163.757,00 |
8,46 |
1.819.267,00 |
7,14 |
|
4. Finished goods |
6.991.353,00 |
29,28 |
6.053.066,31 |
23,68 |
5.591.670,16 |
21,96 |
|
b) Short production cycle |
6.991.353,00 |
29,28 |
6.053.066,31 |
23,68 |
5.591.670,16 |
21,96 |
|
6. Pre-payments to suppliers |
3.000,00 |
0,01 |
|
|
|
|
|
III. Trade Debtors and other
receivable accounts |
8.158.448,62 |
34,16 |
9.056.877,31 |
35,42 |
8.750.588,35 |
34,36 |
|
1. Clients |
7.530.846,00 |
31,54 |
8.659.605,26 |
33,87 |
8.335.259,75 |
32,73 |
|
b) Clients for sales and short
term services rendering |
7.530.846,00 |
31,54 |
8.659.605,26 |
33,87 |
8.335.259,75 |
32,73 |
|
2. Clients group and
associated companies |
287.107,43 |
1,20 |
|
|
150.595,52 |
0,59 |
|
3. Other debts |
|
|
|
|
1.044,00 |
0,00 |
|
4. Staff |
260,00 |
0,00 |
|
|
|
|
|
6. Other credits with the
Public Administrations |
340.235,19 |
1,42 |
397.272,05 |
1,55 |
263.689,08 |
1,04 |
|
IV. Short term investments in
associated and affiliated companies |
83.000,00 |
0,35 |
|
|
|
|
|
2. Credits to companies |
83.000,00 |
0,35 |
|
|
|
|
|
V. Short term financial
investments |
252.400,00 |
1,06 |
250.000,00 |
0,98 |
|
|
|
5. Other financial assets |
252.400,00 |
1,06 |
250.000,00 |
0,98 |
|
|
|
VI. Short term
periodifications |
45.135,49 |
0,19 |
39.826,32 |
0,16 |
33.576,98 |
0,13 |
|
VII. Cash and equivalents |
920.171,20 |
3,85 |
980.454,82 |
3,83 |
550.721,75 |
2,16 |
|
1. Treasury |
920.171,20 |
3,85 |
980.454,82 |
3,83 |
550.721,75 |
2,16 |
|
TOTAL ASSETS (A + B) |
23.880.085,13 |
100,00 |
25.566.391,33 |
100,00 |
25.464.228,95 |
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 |
15.168.755,24 |
63,52 |
15.146.002,65 |
59,24 |
14.990.700,36 |
58,87 |
|
A-1) Equity |
15.168.755,24 |
63,52 |
15.146.002,65 |
59,24 |
14.990.700,36 |
58,87 |
|
I. Capital |
14.774.412,00 |
61,87 |
14.774.412,00 |
57,79 |
14.774.412,00 |
58,02 |
|
1. Authorized capital |
14.774.412,00 |
61,87 |
14.774.412,00 |
57,79 |
14.774.412,00 |
58,02 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
371.590,65 |
1,56 |
216.288,36 |
0,85 |
182.907,97 |
0,72 |
|
1. Legal and statutory |
44.027,07 |
0,18 |
28.496,84 |
0,11 |
25.158,80 |
0,10 |
|
2. Other funds |
327.563,58 |
1,37 |
187.791,52 |
0,73 |
157.749,17 |
0,62 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
22.752,59 |
0,10 |
155.302,29 |
0,61 |
33.380,39 |
0,13 |
|
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 |
1.042.589,81 |
4,37 |
955.453,52 |
3,74 |
577.304,18 |
2,27 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
742.589,81 |
3,11 |
955.453,52 |
3,74 |
577.304,18 |
2,27 |
|
2. Debts with bank entities |
451.946,45 |
1,89 |
628.479,74 |
2,46 |
213.999,98 |
0,84 |
|
5. Other financial liabilities |
290.643,36 |
1,22 |
326.973,78 |
1,28 |
363.304,20 |
1,43 |
|
III. Long term debts with
associated and affiliated companies |
300.000,00 |
1,26 |
|
|
|
|
|
IV. Liabilities by deferred
taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade
creditors |
|
|
|
|
|
|
|
VII. Long term debts with
special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
7.668.740,08 |
32,11 |
9.464.935,16 |
37,02 |
9.896.224,41 |
38,86 |
|
I. Liabilities related with
non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
636.537,74 |
2,67 |
1.102.096,43 |
4,31 |
3.010.274,43 |
11,82 |
|
2. Debts with bank entities |
568.333,19 |
2,38 |
1.057.646,01 |
4,14 |
3.005.426,79 |
11,80 |
|
5. Other financial liabilities |
68.204,55 |
0,29 |
44.450,42 |
0,17 |
4.847,64 |
0,02 |
|
IV. Short term debts with
associated and affiliated companies |
155.885,26 |
0,65 |
|
|
|
|
|
V. Trade creditors and other
payable accounts |
6.876.317,08 |
28,80 |
8.362.838,73 |
32,71 |
6.885.949,98 |
27,04 |
|
1. Suppliers |
2.300.985,85 |
9,64 |
2.439.105,06 |
9,54 |
2.277.494,20 |
8,94 |
|
b) Short term suppliers |
2.300.985,85 |
9,64 |
2.439.105,06 |
9,54 |
2.277.494,20 |
8,94 |
|
2. Suppliers group and
associated companies |
349.430,21 |
1,46 |
1.284.013,75 |
5,02 |
1.822.524,54 |
7,16 |
|
3. Different creditors |
3.932.008,49 |
16,47 |
4.358.906,59 |
17,05 |
2.539.102,06 |
9,97 |
|
4. Staff (pending
remunerations) |
85.000,04 |
0,36 |
23.064,29 |
0,09 |
|
|
|
5. Liabilities by current
taxes |
1.014,52 |
0,00 |
81.106,83 |
0,32 |
56.219,56 |
0,22 |
|
6. Other debts with Public
Administrations |
166.658,64 |
0,70 |
141.421,03 |
0,55 |
155.390,41 |
0,61 |
|
7. Clients pre-payments |
41.219,33 |
0,17 |
35.221,18 |
0,14 |
35.219,21 |
0,14 |
|
VI. Short term
periodifications |
|
|
|
|
|
|
|
VII. Short term debts with
special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND
LIABILITIES (A + B + C) |
23.880.085,13 |
100,00 |
25.566.391,33 |
100,00 |
25.464.228,95 |
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 |
26.560.606,55 |
94,72 |
25.437.645,61 |
95,21 |
31.778.499,00 |
96,42 |
|
A) Sales |
26.560.606,55 |
94,72 |
25.437.645,61 |
95,21 |
31.778.499,00 |
96,42 |
|
2. Variation in stocks of
finished goods and work in progress |
186.561,69 |
0,67 |
805.886,15 |
3,02 |
1.038.718,77 |
3,15 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-14.909.628,29 |
-53,17 |
-14.010.650,42 |
-52,44 |
-16.699.781,99 |
-50,67 |
|
a) Material consumed |
-206.398,54 |
-0,74 |
|
|
|
|
|
b) Raw materials consumed |
-12.910.636,85 |
-46,04 |
-13.255.649,13 |
-49,62 |
-16.272.478,69 |
-49,37 |
|
c) Works carried out for other
companies |
-1.792.592,90 |
-6,39 |
-755.001,29 |
-2,83 |
-427.303,30 |
-1,30 |
|
5. Other operating income |
1.479.456,68 |
5,28 |
1.279.154,54 |
4,79 |
1.180.387,48 |
3,58 |
|
a) Other incomes |
1.440.446,18 |
5,14 |
1.214.208,66 |
4,54 |
1.158.760,71 |
3,52 |
|
b) Operating grants included
in the exercise result |
39.010,50 |
0,14 |
64.945,88 |
0,24 |
21.626,77 |
0,07 |
|
6. Labour cost |
-4.573.758,76 |
-16,31 |
-4.698.415,40 |
-17,59 |
-5.646.685,84 |
-17,13 |
|
a) Wages and similar expenses |
-3.575.601,94 |
-12,75 |
-3.679.352,64 |
-13,77 |
-4.361.425,66 |
-13,23 |
|
b) Social costs |
-998.156,82 |
-3,56 |
-1.019.062,76 |
-3,81 |
-1.285.260,18 |
-3,90 |
|
7. Other operating costs |
-8.106.195,65 |
-28,91 |
-7.663.865,81 |
-28,69 |
-9.872.026,67 |
-29,95 |
|
a) External services |
-7.938.879,03 |
-28,31 |
-7.474.887,56 |
-27,98 |
-9.482.808,74 |
-28,77 |
|
b) Taxes |
-59.281,07 |
-0,21 |
-55.700,05 |
-0,21 |
-77.668,61 |
-0,24 |
|
c) Losses, deterioration and
variation on business operations provisions |
-107.839,27 |
-0,38 |
-133.278,20 |
-0,50 |
-311.549,32 |
-0,95 |
|
d) Other day to day expenses |
-196,28 |
0,00 |
|
|
|
|
|
8. Amortization of fixed assets |
-1.164.505,12 |
-4,15 |
-1.329.351,62 |
-4,98 |
-1.419.042,86 |
-4,31 |
|
9. Allocation of subventions
on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for
fixed assets disposal |
726.661,07 |
2,59 |
537.347,10 |
2,01 |
252.243,07 |
0,77 |
|
b) Results for disposals and
others |
726.661,07 |
2,59 |
537.347,10 |
2,01 |
252.243,07 |
0,77 |
|
12. Negative difference of
business combinations |
|
|
|
|
|
|
|
13. Other results |
|
|
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 +
3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
199.198,17 |
0,71 |
357.750,15 |
1,34 |
612.310,96 |
1,86 |
|
14. Financial income |
6.496,40 |
0,02 |
8,44 |
0,00 |
5.425,20 |
0,02 |
|
b) From negotiable values and
other financial instruments |
6.496,40 |
0,02 |
8,44 |
0,00 |
5.425,20 |
0,02 |
|
b 2) From third parties |
6.496,40 |
0,02 |
8,44 |
0,00 |
5.425,20 |
0,02 |
|
15. Financial expenses |
-100.406,80 |
-0,36 |
-81.773,36 |
-0,31 |
-125.847,77 |
-0,38 |
|
a) For debts with associated
and affiliated companies |
-45.224,67 |
-0,16 |
-15.785,76 |
-0,06 |
|
|
|
b) For debts with third
parties |
-55.182,13 |
-0,20 |
-65.987,60 |
-0,25 |
-125.847,77 |
-0,38 |
|
16. Reasonable value variation
on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-41.583,71 |
-0,15 |
-32.724,36 |
-0,12 |
-312.876,13 |
-0,95 |
|
18. Deterioration and result
for disposal of financial instruments |
|
|
|
|
-51.000,00 |
-0,15 |
|
a) Deteriorations and losses |
|
|
|
|
-51.000,00 |
-0,15 |
|
19. Other financial income and
expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15
+ 16 + 17 + 18 + 19) |
-135.494,11 |
-0,48 |
-114.489,28 |
-0,43 |
-484.298,70 |
-1,47 |
|
A.3) RESULT BEFORE TAXES (A.1
+ A.2) |
63.704,06 |
0,23 |
243.260,87 |
0,91 |
128.012,26 |
0,39 |
|
20. Taxes on profits |
-40.951,47 |
-0,15 |
-87.958,58 |
-0,33 |
-94.631,87 |
-0,29 |
|
A.4) EXERCISE RESULT COMING FROM
CONTINUED OPERATIONS (A.3 + 20) |
22.752,59 |
0,08 |
155.302,29 |
0,58 |
33.380,39 |
0,10 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise
result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 +
21) |
22.752,59 |
0,08 |
155.302,29 |
0,58 |
33.380,39 |
0,10 |
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 |
22.752,59 |
155.302,29 |
33.380,39 |
|
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) |
22.752,59 |
155.302,29 |
33.380,39 |
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) |
14.774.412,00 |
|
-7,27 |
251.588,04 |
|
I. Adjustments by change of criteria
in the exercise (2007) |
|
-3.083,56 |
|
|
|
II. Adjustments by errors in
the exercise (2007) |
|
-65.589,24 |
|
|
|
ADJUSTED ACCOUNT BALANCE,
BEGINNING OF EXERCISE (2008) |
14.774.412,00 |
-68.672,80 |
-7,27 |
251.588,04 |
|
I. Total recognized income and
expenses |
|
|
|
33.380,39 |
|
II. Operations with partners
or owners |
|
|
|
|
|
III. Other net worth
variations |
|
251.580,77 |
7,27 |
-251.588,04 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2008) |
14.774.412,00 |
182.907,97 |
|
33.380,39 |
|
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) |
14.774.412,00 |
182.907,97 |
|
33.380,39 |
|
I. Total recognized income and
expenses |
|
|
|
155.302,29 |
|
II. Operations with partners
or owners |
|
|
|
|
|
III. Other net worth
variations |
|
33.380,39 |
|
-33.380,39 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2009) |
14.774.412,00 |
216.288,36 |
|
155.302,29 |
|
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) |
14.774.412,00 |
216.288,36 |
|
155.302,29 |
|
I. Total recognized income and
expenses |
|
|
|
22.752,59 |
|
II. Operations with partners
or owners |
|
|
|
|
|
III. Other net worth
variations |
|
155.302,29 |
|
-155.302,29 |
|
FINAL ACCOUNT BALANCE OF EXERCISE
(2010) |
14.774.412,00 |
371.590,65 |
|
22.752,59 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2007) |
15.025.992,77 |
|
||
|
I. Adjustments by change of
criteria in the exercise (2007) |
-3.083,56 |
|
||
|
II. Adjustments by errors in
the exercise (2007) |
-65.589,24 |
|
||
|
ADJUSTED ACCOUNT BALANCE,
BEGINNING OF EXERCISE (2008) |
14.957.319,97 |
|
||
|
I. Total recognized income and
expenses |
33.380,39 |
|
||
|
II. Operations with partners
or owners |
|
|
||
|
III. Other net worth
variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2008) |
14.990.700,36 |
|
||
|
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) |
14.990.700,36 |
|
||
|
I. Total recognized income and
expenses |
155.302,29 |
|
||
|
II. Operations with partners
or owners |
|
|
||
|
III. Other net worth
variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2009) |
15.146.002,65 |
|
||
|
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) |
15.146.002,65 |
|
||
|
I. Total recognized income and
expenses |
22.752,59 |
|
||
|
II. Operations with partners
or owners |
|
|
||
|
III. Other net worth
variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2010) |
15.168.755,24 |
|
||
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 |
63.704,06 |
243.260,87 |
128.012,26 |
|
2. Results adjustments |
624.703,65 |
1.060.767,37 |
1.570.821,13 |
|
a) Amortization of fixed
assets (+) |
1.164.505,12 |
1.329.351,62 |
1.419.042,86 |
|
b) Value correction for
deterioration (+/-) |
107.839,27 |
168.309,67 |
362.549,32 |
|
e) Results for decline and
disposal of fixed assets (+/-) |
-726.661,07 |
-537.347,10 |
-252.243,07 |
|
g) Financial income (-) |
-6.496,40 |
-8,44 |
-5.425,20 |
|
f) Financial expenses (+) |
100.406,80 |
81.773,36 |
125.847,77 |
|
i) Change difference (+/-) |
-14.890,07 |
18.688,26 |
|
|
j) Reasonable value variation
on financial instruments (+/-) |
|
|
-78.950,55 |
|
3. Changes in current capital |
-1.546.282,34 |
663.976,59 |
-1.624.772,04 |
|
a) Stocks (+/-) |
-468.032,89 |
-352.970,38 |
-628.842,26 |
|
b) Debtors and other
receivable accounts (+/-) |
369.987,03 |
-432.077,53 |
2.146.537,35 |
|
c) Other current assets (+/-) |
-5.309,17 |
-6.249,34 |
31.131,76 |
|
d) Creditors and other payable
accounts (+/-) |
-1.442.927,31 |
1.452.001,48 |
-2.526.530,25 |
|
e) Other current liabilities
(+/-) |
|
3.272,36 |
|
|
f) Other non-current assets
and liabilities (+/-) |
|
|
-647.068,64 |
|
4. Other cash flow coming from
operating activities |
-134.173,84 |
-16.611,35 |
-143.004,69 |
|
a) Interests payments (-) |
-58.023,57 |
-65.987,60 |
-125.847,77 |
|
c) Interests collections (+) |
6.496,40 |
8,44 |
5.425,20 |
|
d) Collections (payments) for
profit tax (+/-) |
-82.646,67 |
49.367,81 |
-22.582,12 |
|
5. Cash flow coming from
operating activities (1 + 2 + 3 + 4) |
-992.048,47 |
1.951.393,48 |
-68.943,34 |
|
B) CASH FLOW COMING FROM
INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-423.862,22 |
-371.956,62 |
-953.494,05 |
|
a) Group and associated
companies |
-83.000,00 |
|
|
|
b) Intangible assets |
-32.281,87 |
-53.592,00 |
-53.592,00 |
|
c) Tangible assets |
-55.180,35 |
-68.364,62 |
-899.902,05 |
|
e) Other financial assets |
-253.400,00 |
-250.000,00 |
|
|
7. Disinvestment collections
(+) |
1.173.500,00 |
538.000,00 |
160.000,00 |
|
c) Tangible assets |
922.500,00 |
538.000,00 |
160.000,00 |
|
e) Other financial assets |
251.000,00 |
|
|
|
8. Cash Flow in investment
activities (6 + 7) |
749.637,78 |
166.043,38 |
-793.494,05 |
|
C) CASH FLOW COMING FROM
FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments
collections and payments |
|
|
|
|
10. Financial liabilities
instruments collections and payments |
167.237,00 |
-1.669.015,53 |
807.696,92 |
|
a) Issue |
1.000.000,00 |
750.000,00 |
3.219.426,77 |
|
2. Debts with bank entities
(+) |
|
750.000,00 |
3.219.426,77 |
|
3. Debts with group and
associated companies (+) |
1.000.000,00 |
|
|
|
b) Return and amortization of |
-832.763,00 |
-2.419.015,53 |
-2.411.729,85 |
|
2. Debts with bank entities
(-) |
-246.432,58 |
-2.419.015,53 |
-2.411.729,85 |
|
3. Debts with group and
associated companies (-) |
-550.000,00 |
|
|
|
5. Other debts (-) |
-36.330,42 |
|
|
|
11. Payments for dividends and
remunerations of other net worth instruments |
|
|
|
|
12. Cash Flow in financing activities
(9 + 10 + 11) |
167.237,00 |
-1.669.015,53 |
807.696,92 |
|
D) Exchange rate variations
effect |
14.890,07 |
-18.688,26 |
78.950,55 |
|
E) NET CASH OR EQUIVALENTS
INCREASE / REDUCTION (5 + 8 + 12 + D) |
-60.283,62 |
429.733,07 |
24.210,08 |
|
Cash or equivalents at the
beginning of the exercise |
980.454,82 |
550.721,75 |
52.651.167,00 |
|
Cash or equivalents at the end
of the exercise |
920.171,20 |
980.454,82 |
550.721,75 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
12.392.282,23 |
12,70 |
10.996.057,40 |
18,82 |
9.254.557,87 |
|
Working capital ratio |
0,52 |
20,93 |
0,43 |
19,44 |
0,36 |
|
Soundness Ratio |
3,97 |
33,67 |
2,97 |
25,32 |
2,37 |
|
Average Collection Period
(days) |
111 |
-13,76 |
128 |
29,45 |
99 |
|
Average Payment Period (days) |
110 |
-20,73 |
139 |
49,03 |
93 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
261,60 |
21,01 |
216,18 |
11,71 |
193,52 |
|
Quick Ratio (%) |
15,29 |
17,62 |
13,00 |
133,39 |
5,56 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
7,68 |
-4,60 |
8,05 |
-42,87 |
14,09 |
|
External Financing Average
Cost |
0,06 |
50,00 |
0,04 |
0,00 |
0,04 |
|
Debt Service Coverage |
-1,85 |
-276,19 |
1,05 |
102,02 |
-52,04 |
|
Interest Coverage |
1,98 |
-54,79 |
4,38 |
-10,06 |
4,86 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by
sales (%) |
-3,74 |
-148,63 |
7,67 |
3.586,36 |
-0,22 |
|
Auto financing generated by
Assets (%) |
-4,15 |
-154,39 |
7,63 |
2.925,93 |
-0,27 |
|
Breakdown Point |
1,01 |
0,00 |
1,01 |
-0,98 |
1,02 |
|
Average Sales Volume per
Employee |
155.325,18 |
3,80 |
149.633,21 |
11,12 |
134.654,66 |
|
Average Cost per Employee |
26.747,13 |
-3,22 |
27.637,74 |
15,51 |
23.926,63 |
|
Assets Turnover |
1,11 |
11,00 |
1,00 |
-20,00 |
1,25 |
|
Inventory Turnover (days) |
256 |
-1,66 |
260 |
22,96 |
212 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
0,83 |
-40,71 |
1,40 |
-41,67 |
2,40 |
|
Operating Profitability (%) |
8,75 |
0,57 |
8,70 |
-3,01 |
8,97 |
|
Return on Equity (ROE) (%) |
0,42 |
-73,91 |
1,61 |
89,41 |
0,85 |
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 |
15,99 |
38,72 |
-22,73 |
|
A) CURRENT ASSETS |
84,01 |
61,28 |
22,73 |
|
LIABILITIES |
|||
|
A) NET WORTH |
63,52 |
45,52 |
18,00 |
|
B) NON CURRENT LIABILITIES |
4,37 |
17,80 |
-13,44 |
|
C) CURRENT LIABILITIES |
32,11 |
36,68 |
-4,56 |
|
|
|
|
|
Results Analytical Account
Figures
given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
94,72 |
97,37 |
-2,65 |
|
Other operating income |
5,28 |
2,63 |
2,65 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-53,17 |
-54,57 |
1,40 |
|
Variation in stocks of
finished goods and work in progress |
0,67 |
-1,21 |
1,88 |
|
GROSS MARGIN |
47,49 |
44,22 |
3,27 |
|
Other operating costs |
-28,91 |
-19,66 |
-9,25 |
|
Labour cost |
-16,31 |
-17,90 |
1,59 |
|
GROSS OPERATING RESULT |
2,27 |
6,66 |
-4,39 |
|
Amortization of fixed assets |
-4,15 |
-5,27 |
1,12 |
|
Deterioration and result for
fixed assets disposal |
2,59 |
-0,05 |
2,64 |
|
Other expenses / income |
|
0,19 |
|
|
NET OPERATING RESULT |
0,71 |
1,53 |
-0,82 |
|
Financial result |
-0,48 |
-1,75 |
1,27 |
|
RESULT BEFORE TAX |
0,23 |
-0,22 |
0,46 |
|
Taxes on profits |
-0,15 |
-0,42 |
0,26 |
|
RESULT COMING FROM CONTINUED
OPERATIONS |
0,08 |
-0,64 |
0,72 |
|
Exercise result coming from
discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,08 |
-0,64 |
0,72 |
|
Amortization of fixed assets |
-4,15 |
-5,27 |
1,12 |
|
Deterioration and provisions
variation |
-4,54 |
-0,33 |
-4,21 |
|
|
8,77 |
4,96 |
3,81 |
Main Ratios
Figures
given in €
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
12.392.282,23 |
2.395.657,78 |
3.979.477,21 |
6.566.773,50 |
|
Working capital ratio |
0,52 |
0,19 |
0,28 |
0,46 |
|
Soundness Ratio |
3,97 |
0,94 |
1,72 |
3,77 |
|
Average Collection Period
(days) |
111 |
88 |
117 |
128 |
|
Average Payment Period (days) |
110 |
80 |
111 |
133 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
261,60 |
153,16 |
170,59 |
221,25 |
|
Quick Ratio (%) |
15,29 |
6,66 |
10,65 |
35,17 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
7,68 |
10,76 |
26,91 |
43,92 |
|
External Financing Average
Cost |
0,06 |
0,04 |
0,05 |
0,08 |
|
Debt Service Coverage |
-1,85 |
1,40 |
3,39 |
9,39 |
|
Interest Coverage |
1,98 |
0,76 |
1,35 |
2,95 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by
sales (%) |
-3,74 |
1,46 |
4,37 |
7,82 |
|
Auto financing generated by
Assets (%) |
-4,15 |
1,88 |
4,26 |
7,65 |
|
Breakdown Point |
1,01 |
1,01 |
1,02 |
1,04 |
|
Average Sales Volume per
Employee |
155.325,18 |
131.195,58 |
170.469,84 |
303.334,98 |
|
Average Cost per Employee |
26.747,13 |
26.609,24 |
28.720,19 |
31.923,81 |
|
Assets Turnover |
1,11 |
0,70 |
0,94 |
1,24 |
|
Inventory Turnover (days) |
256 |
98 |
144 |
260 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
0,83 |
0,81 |
2,31 |
4,02 |
|
Operating Profitability (%) |
8,75 |
2,16 |
6,50 |
10,41 |
|
Return on Equity (ROE) (%) |
0,42 |
0,16 |
1,76 |
4,98 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.