MIRA INFORM REPORT

 

 

Report Date :

10.11.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

GENESIS HIDE AND SKINS S.L.

 

 

Registered Office :

Calle Mare De Deu Del Far, 23 - Plt 1, 08500 Vic  Barcelona

 

 

Country :

Spain

 

 

Financials (as on) :

31.08.2011

 

 

Date of Incorporation :

23.01.1996

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesaler of leather

 

 

No. of Employees :

01 (2011)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

Payment Behaviour :

Slow but Correct

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Spain

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

spain - ECONOMIC OVERVIEW

 

spain's mixed capitalist economy is the 13th largest in the world, and its per capita income roughly matches that of Germany and France. However, after almost 15 years of above average GDP growth, the Spanish economy began to slow in late 2007 and entered into a recession in the second quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and by another 0.1% in 2010, before turning positive in 2011, making Spain the last major economy to emerge from the global recession. The reversal in Spain''s economic growth reflected a significant decline in construction amid an oversupply of housing and falling consumer spending, while exports actually have begun to grow. Government efforts to boost the economy through stimulus spending, extended unemployment benefits, and loan guarantees did not prevent a sharp rise in the unemployment rate, which rose from a low of about 8% in 2007 to over 20% in 2011. The government budget deficit worsened from 3.8% of GDP in 2008 to 9.2% of GDP in 2010, more than three times the euro-zone limit. Madrid cut the deficit to 8.5% of GDP in 2011, a larger deficit than the 6% target negotiated between Spain and the EU. Spain''s large budget deficit and poor economic growth prospects have made it vulnerable to financial contagion from other highly-indebted euro zone members despite the government''s efforts to cut spending, privatize industries, and boost competitiveness through labor market reforms. Spanish banks'' high exposure to the collapsed domestic construction and real estate market also poses a continued risk for the sector. The government oversaw a restructuring of the savings bank sector in 2010, and provided some $15 billion in capital to various institutions. Investors remain concerned that Madrid may need to bail out more troubled banks. The Bank of Spain, however, is seeking to boost confidence in the financial sector by pressuring banks to come clean about their losses and consolidate into stronger groups.

 

Source : CIA

 

Company name

 

GENESIS HIDE AND SKINS S.L.

CIF/NIF: B61031506

Company situation: Active

  

Answer to the data in your request

Cif / Nif

The correct NIF/CIF begins with the letter B. The correct is B61031506.

Business Name

The correct registered name and addres are the ones indicated in this report and not the one mentioned in your request (They are incomplete).

 

 

EXECUTIVE SUMMARY

  

Identification

Current Business Name: GENESIS HIDE AND SKINS S.L.

Other names: NO

Current Address:  CALLE MARE DE DEU DEL FAR, 23 - PLT 1

08500 VIC BARCELONA 

Branches:  1

Telephone number: 938862722            Fax: 938862722

Trade Risk

Incidents:  YES

 

Financial Information

Balance sheet latest sales (2011):  646.106,13 € (Mercantile Register)

Result: 212,36 €

Total Assets: 900.068,65 €

Share capital:  3.005,06 €

Employees:  1

Listed on a Stock Exchange: NO

 

 Commercial Information

Incorporation date:  23/01/1996

Activity:  Wholesale of leather

NACE 2009 CODE: 4624

International Operations:  Imports and Exports

 

Corporate Structure

Sole Administrator: 

 VILA VILA, RICARDO

 

Other Complementary Information

Latest filed accounts in the Mercantile Register: 2011

Latest act published in BORME:  22/06/2011 Annual Filed Accounts

Latest press article: No press articles registered for this company

Bank Entities:  There are

 

The date when this report was last updated is 07/11/2012.

The information contained in this report has been investigated and contrasted on 07/11/2012

 

Financial situation

Exercise:2011

 

Evolution            

 

Treasury

 

 

Very good

 

 

Indebtedness

 

 

Very slight

 

 

Profitability

 

 

Slight

 

 

Balance

 

 

Good

 

 

 

Performance

Incidents

 

 

None or Negligible

Business Trajectory

 

 

Superior

 

Rating Explanation

Financial situation

•          The company’s financial situation is normal.

•          The company’s financial situation evolution has been positive.

•          The sales evolution has been  stable  not the results one, which has been  positive.

Company Structure

•          The company’s capitalization degree determines that its structure is normal.

•          The company’s size is  very small depending on its sales volume.

•          The employees evolution has been stable.

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

07/07/2012

  Increase

15

•          New financial statements have been uploaded.

 

 

 

INCIDENTS

 

Summary

LEGAL ACTIONS: No legal actions registered

ADMINISTRATIVE CLAIMS: 1  ( Last:25/05/2007 )

 

 

 

With the Social Security:

0

 

With the Tax Authorities:

0

 

With Other Official bodies:

1

 

AFFECTED BY: No significant element.

 

Latest Administrative Claims

 

figures expressed in €

WITH OTHER OFFICIAL BODIES.

Seizures

DATE

ORGANIZATION

AMOUNT

25/05/2007

TOWN/ CITY HALL DE BARCELONA

 

There are 1 administrative claims with Other Official bodies registered

  

Detail of the Latest Administrative Claims

figures expressed in €

Seizures

WITH OTHER OFFICIAL BODIES.

Phase: SEIZURE

Organization: TOWN/ CITY HALL DE BARCELONA

Concept: Other debts

Date of the claim: 25/05/2007

Source: Published in the Gazette of BARCELONA Appendix 01, on 05/06/2007, page 75

 

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

07/11/2012 09:11:34

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

 

Balance-sheet analysis

Figures given in €

 

31/08/2011

(12)

BALANCE SHEET

 

%

ASSETS

 

31/08/2010

(12)

BALANCE SHEET

 

%

ASSETS

 

31/08/2009

(12)

BALANCE SHEET

 

%

ASSETS

 

ASSETS

 

 

 

 

 

 

A) NON CURRENT ASSETS

553.549,69

61,50

510.585,32

81,99

492.620,95

67,54

B) CURRENT ASSETS

346.518,96

38,50

112.147,97

18,01

236.736,48

32,46

LIABILITIES

 

 

 

 

 

 

A) NET WORTH

622.945,65

69,21

622.733,29

100,00

729.357,43

100,00

B) NON CURRENT LIABILITIES

 

 

 

 

 

 

C) CURRENT LIABILITIES

277.123,00

30,79

 

 

 

 

 

Profit and loss account analysis

Figures given in €

 

31/08/2011

(12)

BALANCE SHEET

 

% NET TURNOVER

 

31/08/2010

(12)

BALANCE SHEET

 

% NET TURNOVER

 

31/08/2009

(12)

BALANCE SHEET

 

% NET TURNOVER

 

SALES

646.106,13

 

639.200,78

 

709.243,79

 

GROSS MARGIN

121.873,09

18,86

25.353,20

3,97

137.595,69

19,40

EBITDA

-6.326,84

-0,98

-113.277,35

-17,72

-56.849,09

-8,02

EBIT

-13.362,47

-2,07

-120.312,98

-18,82

-63.932,60

-9,01

NET RESULT

212,36

0,03

-106.624,14

-16,68

-47.493,91

-6,70

 

 

COMPARATIVE SECTOR ANALYSIS

 

Values table

Figures expressed in %

 

COMPANY

(2011)

 

SECTOR

DIFFERENCE

BALANCE SHEET ANALYSIS: % on the total assets

 

 

 

ASSETS

A) NON CURRENT ASSETS

61,50

27,16

34,34

A) CURRENT ASSETS

38,50

72,84

-34,34

LIABILITIES

A) NET WORTH

69,21

40,08

29,14

B) NON CURRENT LIABILITIES

 

14,39

 

C) CURRENT LIABILITIES

30,79

45,54

-14,75

 

 

 

 

 

COMPANY

(2011)

 

SECTOR

DIFFERENCE

PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income

 

 

 

SALES

100,00

98,22

1,78

GROSS MARGIN

18,86

32,81

-13,95

EBITDA

-0,98

4,85

-5,83

EBIT

-2,07

2,70

-4,76

NET RESULT

0,03

1,30

-1,27

 

Sector Composition

Compared sector (NACE 2009): 4624

Number of companies: 119

Size (sales figure): 0 - 2,800,000.00 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

212,36

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

0,00

Total of Amounts to be distributed

212,36

Dividends

0,00

 

 

Carry over and others

0,00

 

 

Compensation of previous exercises losses

212,36

 

 

Application total

212,36

 

company ADDRESSES

  

Business address

 

Current Legal Seat Address: 

CALLE MARE DE DEU DEL FAR, 23 - PLT 1

08500 VIC  BARCELONA

 

Previous Seat Address: 

CALLE FOLGUEROLES (PG IND MALLOLES ) 5

08500 VIC  BARCELONA

 

Branches

STREET

POSTAL CODE

TOWN

PROVINCE

AVENIDA VILA, 13

08180

MOIA

Barcelona

There are 1 branches registered

 

 

CORPORATE STRUCTURE

  

ADMINISTRATIVE LINKS

 

Summary

Governing body : 1 member (latest change: 28/03/2006)

Non-current positions : 1 (latest change: 28/03/2006)

 

Main Board members, Directors and Auditor

Governing body

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

SOLE ADMINISTRATOR

VILA VILA, RICARDO

28/03/2006

 

 

 

There are 1 board members, directors and auditors registered

Board members remuneration

       Source: Annual financial report 2011

        Board members remuneration: 23.603,82 €

 

  

BUSINESS INFORMATION

 

Constitution

Incorporation date: 23/01/1996

 

Activity

Activity: Wholesale of leather

NACE 2009 CODE: 4624

NACE 2009 Activity: Wholesale of hides, skins and leather

Business: LA COMPRAVENTA, REPRESENTACION, EXPORTACION E IMPORTACION DE TODA CLASE DE MAQUINARIA Y ACCESORIOS RELACIONADOS CON CUERO, PIELES Y SUS DERIVADOS, ASI COMO COMPLEMENTOS AFINES.

 

Employees

Latest employees figure: 1 (2011)

% of fixed employees: 100,00%

% of men: 100,00%

 

Employees evolution

 

 

 

 

Employees distribution

Source: Annual financial report 2011

CATEGORY

AVERAGE NUMBER OF EMPLOYEES

MEN

WOMEN

Members of the board

1

 

 

Distribution by sexes

 

1

 

 

COMMERCIAL OPERATIONS

 

PURCHASES

Import Percentage: 49%

Imports from: UE Y OTROS PAISES

National Distribution: 51%

SALES

Cash collections: 100%

 

 

Banks

ENTITY

BRANCH

ADDRESS

TOWN OR CITY

PROVINCE

BANCO POPULAR ESPAŃOL, S.A.

0065

MOSSEN JACINT VERDAGUER, 2

VIC

Barcelona

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

 

 

VIC

 

 

There are 2 bank entities registered

 

Bank References

Bank sources inform that the subject maintains since since years a correct operative, offering a favourable opinion based on their experience.

 

LEGAL STRUCTURE

 

Constitution Data

Register Date: 23/01/1996

Register town: Barcelona

Announcement number: 116371

Share capital: 3.005,06 €

 

Current structure data

Legal form: Limited Liability Company

Share capital: 3.005,06 €

 

Legal Aspects

Obligation to fill in Financial Statements: YES

Chamber census: YES (2010)

B.O.R.M.E.

(OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)

 

Summary

·           Acts on activity: 0

  Acts on administrators: 3 (Last: 28/03/2006, first: 11/04/1996)

  Acts on capital: 0

  Acts on creation: 1 (Last: 11/04/1996)

  Acts on filed accounts: 15 (Last: 22/06/2011, first: 30/10/1997)

  Acts on identification: 3 (Last: 24/03/2010, first: 04/07/2003)

  Acts on Information: 2 (Last: 28/03/2006, first: 12/09/2000)

 

Latest acts in B.O.R.M.E.

Other acts

ACT

DATE

NOTICE NUM.

MERCANTILE REGISTER

Annual Filed Accounts (2010)

22/06/2011

181870

Barcelona

Annual Filed Accounts (2009)

17/05/2010

185122

Barcelona

Change of registered address

24/03/2010

120427

Barcelona

Annual Filed Accounts (2008)

28/09/2009

518290

Barcelona

Annual Filed Accounts (2007)

19/06/2008

176249

Barcelona

Annual Filed Accounts (2006)

23/05/2007

180740

Barcelona

Annual Filed Accounts (2005)

31/05/2006

127903

Barcelona

Change of registered address

28/03/2006

164222

Barcelona

Modification of the Articles of Association

28/03/2006

164222

Barcelona

Appointments

28/03/2006

164222

Barcelona

There are 24 acts registered

 

Press articles

No press articles registered for this company

 

FINANCIAL INFORMATION

  

The information on the last Individual Filed Accounts contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 07/07/2012.

 

SITUATION BALANCE-SHEET

Assets

Figures given in €

 

31/08/2011

(12)

 

%

ASSETS

 

31/08/2010

(12)

 

%

ASSETS

 

31/08/2009

(12)

 

%

ASSETS

 

A) NON CURRENT ASSETS

553.549,69

61,50

510.585,32

81,99

492.620,95

67,54

I. Intangible assets

289,43

0,03

337,66

0,05

385,89

0,05

II. Tangible fixed assets

15.647,79

1,74

22.635,19

3,63

29.622,59

4,06

III. Real-estate investments

 

 

 

 

 

 

IV. Long term investments in associated and affiliated companies

 

 

 

 

 

 

V. Long Term Financial Investments

537.612,47

59,73

487.612,47

78,30

462.612,47

63,43

VI. Assets by deferred taxes

 

 

 

 

 

 

VII. Non current commercial debts

 

 

 

 

 

 

B) CURRENT ASSETS

346.518,96

38,50

112.147,97

18,01

236.736,48

32,46

I. Non-current assets maintained for sale

 

 

 

 

 

 

II. Stocks

26.867,53

2,99

781,32

0,13

67.281,32

9,22

III. Trade Debtors and other receivable accounts

259.171,49

28,79

48.531,50

7,79

53.150,35

7,29

1. Clients

250.075,06

27,78

32.196,25

5,17

21.007,98

2,88

   b) Clients for sales and short term services rendering

250.075,06

27,78

32.196,25

5,17

21.007,98

2,88

3. Other debtors

9.096,43

1,01

16.335,25

2,62

32.142,37

4,41

IV. Short term investments in associated and affiliated companies

 

 

 

 

 

 

V. Short term financial investments

7.100,00

0,79

 

 

18.224,25

2,50

VI. Short term periodifications

 

 

 

 

 

 

VII. Cash and equivalents

53.379,94

5,93

62.835,15

10,09

98.080,56

13,45

TOTAL ASSETS (A + B)

900.068,65

100,00

622.733,29

100,00

729.357,43

100,00

 

Net Worth and Liabilities

Figures given in €

 

31/08/2011

(12)

 

%

ASSETS

 

31/08/2010

(12)

 

%

ASSETS

 

31/08/2009

(12)

 

%

ASSETS

 

A) NET WORTH

622.945,65

69,21

622.733,29

100,00

729.357,43

100,00

A-1) Equity

622.945,65

69,21

622.733,29

100,00

729.357,43

100,00

I. Capital

3.005,06

0,33

3.005,06

0,48

3.005,06

0,41

1. Authorized capital

3.005,06

0,33

3.005,06

0,48

3.005,06

0,41

II. Issue premium

 

 

 

 

 

 

III. Reserves

787.172,46

87,46

787.172,46

126,41

787.172,46

107,93

IV. (Net worth own shares and participations)

 

 

 

 

 

 

V. Results from previous years

-167.444,23

-18,60

-60.820,09

-9,77

-13.326,18

-1,83

VI. Other loans from partners

 

 

 

 

 

 

VII. Exercise Result

212,36

0,02

-106.624,14

-17,12

-47.493,91

-6,51

VIII. (Interim dividend)

 

 

 

 

 

 

IX. Other net worth instruments

 

 

 

 

 

 

A-2) Value changes adjustments

 

 

 

 

 

 

A-3) Received legacies, grants and subventions

 

 

 

 

 

 

B) NON CURRENT LIABILITIES

 

 

 

 

 

 

I. Long term provisions

 

 

 

 

 

 

II. Long term debts

 

 

 

 

 

 

III. Long term debts with associated and affiliated companies

 

 

 

 

 

 

IV. Liabilities by deferred taxes

 

 

 

 

 

 

V. Long term periodifications

 

 

 

 

 

 

VI. Non current trade creditors

 

 

 

 

 

 

VII. Long term debts with special characteristics

 

 

 

 

 

 

C) CURRENT LIABILITIES

277.123,00

30,79

 

 

 

 

I. Liabilities related with non-current assets maintained for sale

 

 

 

 

 

 

II. Short term provisions

 

 

 

 

 

 

III. Short term debts

 

 

 

 

 

 

IV. Short term debts with associated and affiliated companies

 

 

 

 

 

 

V. Trade creditors and other payable accounts

277.123,00

30,79

 

 

 

 

1. Suppliers

234.875,49

26,10

 

 

 

 

   b) Short term suppliers

234.875,49

26,10

 

 

 

 

2. Other creditors

42.247,51

4,69

 

 

 

 

VI. Short term periodifications

 

 

 

 

 

 

VII. Short term debts with special characteristics

 

 

 

 

 

 

TOTAL NET WORTH AND LIABILITIES (A + B + C)

900.068,65

100,00

622.733,29

100,00

729.357,43

100,00

 

 

PROFIT AND LOSS ACCOUNT

 

Figures given in €

 

31/08/2011

(12)

 

%OPERATING

INCOME

 

31/08/2010

(12)

 

%OPERATING

INCOME

 

31/08/2009

(12)

 

%OPERATING

INCOME

 

1. Net Turnover

646.106,13

100,00

639.200,78

99,19

709.243,79

99,59

2. Variation in stocks of finished goods and work in progress

 

 

 

 

 

 

3. Works for its own assets

 

 

 

 

 

 

4. Supplies

-524.233,04

-81,14

-619.047,19

-96,07

-574.570,43

-80,68

5. Other operating income

 

 

5.199,61

0,81

2.922,33

0,41

6. Labour cost

-23.603,82

-3,65

-32.709,77

-5,08

-101.180,80

-14,21

7. Other operating costs

-116.549,42

-18,04

-105.920,78

-16,44

-93.263,98

-13,10

8. Amortization of fixed assets

-7.035,63

-1,09

-7.035,63

-1,09

-7.083,51

-0,99

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

11.953,31

1,85

 

 

 

 

A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13)

-13.362,47

-2,07

-120.312,98

-18,67

-63.932,60

-8,98

14. Financial income

16.771,81

2,60

13.847,21

2,15

16.874,19

2,37

b) Other financial income

16.771,81

2,60

13.847,21

2,15

16.874,19

2,37

15. Financial expenses

 

 

 

 

-435,50

-0,06

16. Reasonable value variation on financial instruments

 

 

 

 

 

 

17. Exchange differences

-3.196,98

-0,49

-158,37

-0,02

 

 

18. Deterioration and result for disposal of financial instruments

 

 

 

 

 

 

19. Other financial income and expenses

 

 

 

 

 

 

B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19)

13.574,83

2,10

13.688,84

2,12

16.438,69

2,31

C) RESULT BEFORE TAXES (A + B)

212,36

0,03

-106.624,14

-16,55

-47.493,91

-6,67

20. Taxes on profits

 

 

 

 

 

 

D) EXERCISE RESULT (C + 20)

212,36

0,03

-106.624,14

-16,55

-47.493,91

-6,67

 

NET WORTH CHANGES STATUS

 

Status of recognized income and expenses

For the financial statements presented under the SME’s model (PYMES), the ‘Net Worth Changes Status’ is formed by a single table. For the rest of the cases there would be shown the two tables corresponding to the mentioned status with the exception of the company not having operations reflected in the ‘Status of recognized income and expenses’ and that, for this reason, it has no data.

 

Total net worth changes status

Figures given in €

NET WORTH CHANGES ( 1 /2)

AUTHORIZED CAPITAL

RESERVES

RESULTS FROM PREVIOUS YEARS

EXERCISE RESULT

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

3.005,06

787.172,46

 

-13.326,18

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)

3.005,06

787.172,46

 

-13.326,18

I. Total recognized income and expenses

 

 

 

-47.493,91

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

-13.326,18

13.326,18

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

3.005,06

787.172,46

-13.326,18

-47.493,91

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)

3.005,06

787.172,46

-13.326,18

-47.493,91

I. Total recognized income and expenses

 

 

 

-106.624,14

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

-47.493,91

47.493,91

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

3.005,06

787.172,46

-60.820,09

-106.624,14

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)

3.005,06

787.172,46

-60.820,09

-106.624,14

I. Total recognized income and expenses

 

 

 

212,36

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

-106.624,14

106.624,14

FINAL ACCOUNT BALANCE OF EXERCISE (2011)

3.005,06

787.172,46

-167.444,23

212,36

NET WORTH CHANGES ( 2 /2)

TOTAL

 

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

776.851,34

 

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)

776.851,34

 

I. Total recognized income and expenses

-47.493,91

 

II. Operations with partners or owners

 

 

III. Other net worth variations

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

729.357,43

 

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)

729.357,43

 

I. Total recognized income and expenses

-106.624,14

 

II. Operations with partners or owners

 

 

III. Other net worth variations

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

622.733,29

 

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)

622.733,29

 

I. Total recognized income and expenses

212,36

 

II. Operations with partners or owners

 

 

III. Other net worth variations

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2011)

622.945,65

 

 

 

RATIOS

 

 

31/08/2011

(12)

 

CHANGE %

31/08/2010

(12)

 

CHANGE %

31/08/2009

(12)

 

BALANCE RATIOS

Working Capital (€)

69.395,96

-38,12

112.147,97

-52,63

236.736,48

Working capital ratio

0,08

-55,56

0,18

-45,45

0,32

Soundness Ratio

1,12

-7,38

1,22

-17,57

1,48

Average Collection Period (days)

144

427,63

27

1,33

27

Average Payment Period (days)

156

 

 

 

 

LIQUIDITY RATIOS

Current Ratio (%)

125,04

 

 

 

 

Quick Ratio (%)

21,82

 

 

 

 

DEBT RATIOS

Interest Coverage

 

 

 

100,00

-146,80

GENERAL AND ACTIVITIES RATIOS

Auto financing generated by sales (%)

1,12

107,19

-15,58

-173,33

-5,70

Auto financing generated by Assets (%)

0,80

105,07

-15,99

-188,63

-5,54

Breakdown Point

0,98

16,67

0,84

-8,70

0,92

Average Sales Volume per Employee

646.106,13

1,08

639.200,78

76,64

361.859,08

Average Cost per Employee

23.603,82

-27,84

32.709,77

-36,64

51.622,86

Assets Turnover

0,72

-30,10

1,03

6,19

0,97

Inventory Turnover (days)

18

5.000,00

0

-99,15

42

RESULTS RATIOS

Return on Assets (ROA) (%)

-1,48

92,34

-19,32

-120,30

-8,77

Operating Profitability (%)

-0,70

96,15

-18,19

-133,50

-7,79

Return on Equity (ROE) (%)

0,03

100,18

-17,12

-162,98

-6,51

 

 

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

61,50

27,16

34,34

A) CURRENT ASSETS

38,50

72,84

-34,34

LIABILITIES

A) NET WORTH

69,21

40,08

29,14

B) NON CURRENT LIABILITIES

 

14,39

 

C) CURRENT LIABILITIES

30,79

45,54

-14,75

Results Analytical Account

Figures given in  %

 

COMPANY

(2011)

 

SECTOR

 

DIFFERENCE

 

Net Turnover

100,00

98,22

1,78

Other operating income

 

1,78

 

OPERATING INCOME

100,00

100,00

0,00

Supplies

-81,14

-67,89

-13,25

Variation in stocks of finished goods and work in progress

 

0,70

 

GROSS MARGIN

18,86

32,81

-13,95

Other operating costs

-18,04

-13,86

-4,18

Labour cost

-3,65

-14,75

11,10

GROSS OPERATING RESULT

-2,83

4,20

-7,03

Amortization of fixed assets

-1,09

-2,24

1,15

Deterioration and result for fixed assets disposal

 

0,02

 

Other expenses / income

 

0,72

 

NET OPERATING RESULT

-2,07

2,70

-4,77

Financial result

2,10

-0,99

3,09

RESULT BEFORE TAX

0,03

1,70

-1,67

Taxes on profits

 

-0,40

 

RESULT COMING FROM CONTINUED OPERATIONS

0,03

1,30

-1,27

Exercise result coming from discontinued operations net of taxes

 

0,00

 

NET RESULT

0,03

1,30

-1,27

Amortization of fixed assets

-1,09

-2,24

1,15

Deterioration and provisions variation

-1,09

0,09

-1,18

 

2,21

3,46

-1,25

 

Main Ratios

Figures given in €

 

COMPANY

(2011)

 

PTILE25

 

PTILE50

 

PTILE75

 

BALANCE RATIOS

 

 

 

 

Working Capital (€)

69.395,96

21.790,39

106.525,14

329.592,60

Working capital ratio

0,08

0,13

0,31

0,48

Soundness Ratio

1,12

0,76

2,03

4,68

Average Collection Period (days)

144

43

95

157

Average Payment Period (days)

156

70

119

263

LIQUIDITY RATIOS

 

 

 

 

Current Ratio (%)

125,04

116,73

176,86

282,41

Quick Ratio (%)

21,82

5,46

28,09

79,44

DEBT RATIOS

 

 

 

 

Borrowing percentage (%)

 

5,20

19,26

45,01

External Financing Average Cost

 

0,02

0,05

0,08

Debt Service Coverage

 

0,00

3,48

16,99

Interest Coverage

 

0,84

1,57

5,96

GENERAL AND ACTIVITIES RATIOS

 

 

 

 

Auto financing generated by sales (%)

1,12

1,26

3,04

5,54

Auto financing generated by Assets (%)

0,80

1,13

3,20

5,50

Breakdown Point

0,98

1,01

1,03

1,05

Average Sales Volume per Employee

646.106,13

77.160,73

140.265,00

230.235,25

Average Cost per Employee

23.603,82

14.723,57

21.741,47

26.485,55

Assets Turnover

0,72

0,48

1,02

1,55

Inventory Turnover (days)

18

49

136

309

RESULTS RATIOS

 

 

 

 

Return on Assets (ROA) (%)

-1,48

0,38

2,67

5,77

Operating Profitability (%)

-0,70

1,13

4,53

8,62

Return on Equity (ROE) (%)

0,03

0,89

4,86

10,86

 

ADDITIONAL INFORMATION

 

Consulted Sources

Central Mercantile Register

Tax Administration / VIES Consultation

Tax Administration / Consultation by NIF

INTERNET

Telephone directory: PÁGINAS AMARILLAS

Telephone directory: PÁGINAS BLANCAS

Telephone directory: QDQ

Banco

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.34

UK Pound

1

Rs.86.97

Euro

1

Rs.69.43

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.