MIRA
INFORM REPORT
|
Report Date : |
12.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
HIGHCHEMIE
SL |
|
|
|
|
Registered Office : |
Calle Solsones (Pg Ind Pla Bruguera), 53 08211 Castellar Del Valles Barcelona |
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Country : |
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|
|
Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.01.2000 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees : |
8 |
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 : |
Moderate |
|
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 – 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 |
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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
HIGHCHEMIE SL
Year of the accounts to be delivered 2011
Language Inglés
Delivery Method E-mail
E-mail www.highchemie.com
Delivery Format RTF
Delivery time 4 days
Report Reference Number 199266
Answer to the data in your request
The data of your request have been confirmed and are correct.
Telephone number
The phone number (937471199) and the fax number (937474603) provided are correct.
Cif / Nif
The Company is registered as IVA (Added Value Tax) operator in the database of the Tax Office.
EXECUTIVE SUMMARY
Identification
Current Business Name: HIGHCHEMIE SL
Other names: NO
Current Address: CALLE SOLSONES (PG IND PLA BRUGUERA), 53
08211 CASTELLAR DEL VALLES BARCELONA
Telephone number: 937471199 Fax: 937474603
URL: www.highchemie.com
Corporate e-mail: highchemie@highchemie.com
Trade Risk
Credit appraisal: 12.000,00 €
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of Payment: NO
Financial Information
Balance sheet latest sales (2011): 2.264.253,86 € (Mercantile Register)
Result: 8.881,05 €
Total Assets: 900.227,79 €
Share capital: 3.008,00 €
Employees: 8
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 17/03/2005
Activity: Wholesale of industrial chemical products
NACE 2009 CODE: 4675
International Operations: Exports
Corporate Structure
Sole Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 30/09/2011 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 08/11/2012.
The information contained in this report has been investigated and contrasted on 08/11/2012
Financial situation
|
Exercise:2011 |
Evolution |
|||
|
Treasury |
|
Restrained |
|
|
|
Indebtedness |
|
Heavy |
|
|
|
Profitability |
|
Slight |
|
|
|
Balance |
|
Degraded |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business Trajectory |
|
Acceptable |
Rating Informa Explanation
Financial situation
The company’s financial situation is unfavourable.
The company’s financial situation evolution has been stable.
The sales evolution and results 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 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 |
|
14/09/2012 |
Equal |
7 |
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No
ADMINISTRATIVE CLAIMS: No
AFFECTED BY: No significant element.
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT 
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT
There is no information related to the nif/cif consulted in the in the EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT file
This information comes from Experian Bureau Empresarial Service, property of Experian Bureau de Crédito S.A. It could just be used for businessmen or professionals and for the own aims of the business, and could not be transferred or transmitted to third parties, copied, duplicate or reproduce, nor incorporate to any owned or external database, or reuse it in any direct or indirect way. Experian Bureau de Crédito S.A. may file you for damages it may suffer in case of breaching any of the afore mentioned obligations. Experian would not be responsible of the lack of accuracy in the supplied information when it coincides with the one supplied by the creditor entities.
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
02/11/2012 10:11:57
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed Bills register.
It can only be used for information legitimate needs of the consulting party, in accordance with its social or business activity, in order to grant a credit or the monitoring or control of the already granted credits and can not be transmitted or communicated to thirds, nor copied, duplicated, reproduced nor implemented to any database , owned or external, or reused it in anyway, direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
Figures given in €
|
|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
204.683,46 |
22,74 |
253.310,86 |
29,42 |
170.316,50 |
30,03 |
|
B) CURRENT ASSETS |
695.544,33 |
77,26 |
607.743,22 |
70,58 |
396.859,74 |
69,97 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
36.670,88 |
4,07 |
27.789,83 |
3,23 |
20.868,92 |
3,68 |
|
B) NON CURRENT LIABILITIES |
147.386,20 |
16,37 |
194.118,99 |
22,54 |
108.590,74 |
19,15 |
|
C) CURRENT LIABILITIES |
716.170,71 |
79,55 |
639.145,26 |
74,23 |
437.716,58 |
77,17 |
Profit and loss account
analysis
Figures given in €
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
2.264.253,86 |
|
1.734.388,89 |
|
1.108.478,51 |
|
|
GROSS MARGIN |
602.698,71 |
26,62 |
499.386,96 |
28,79 |
341.463,47 |
30,80 |
|
EBITDA |
108.933,29 |
4,81 |
81.253,61 |
4,68 |
60.819,46 |
5,49 |
|
EBIT |
60.305,89 |
2,66 |
40.142,86 |
2,31 |
33.807,83 |
3,05 |
|
NET RESULT |
8.881,05 |
0,39 |
6.920,91 |
0,40 |
4.701,50 |
0,42 |
|
EFFECTIVE TAX RATE (%) |
20,00 |
0,00 |
20,76 |
0,00 |
20,00 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
22,74 |
34,14 |
-11,41 |
|
A) CURRENT ASSETS |
77,26 |
65,86 |
11,41 |
|
LIABILITIES |
|||
|
A) NET WORTH |
4,07 |
39,57 |
-35,50 |
|
B) NON CURRENT LIABILITIES |
16,37 |
17,36 |
-0,99 |
|
C) CURRENT LIABILITIES |
79,55 |
43,06 |
36,49 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
SALES |
99,93 |
98,85 |
1,08 |
|
GROSS MARGIN |
26,60 |
36,30 |
-9,70 |
|
EBITDA |
4,81 |
5,30 |
-0,50 |
|
EBIT |
2,66 |
3,25 |
-0,58 |
|
NET RESULT |
0,39 |
1,61 |
-1,22 |
Sector Composition
Compared sector (NACE 2009): 4675
Number of companies: 593
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 |
8.881,05 |
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 |
8.881,05 |
|
Total of Amounts to be distributed |
8.881,05 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
8.881,05 |
ADDRESSES
Current Legal Seat Address:
CALLE SOLSONES (PG IND PLA BRUGUERA), 53
08211 CASTELLAR DEL VALLES BARCELONA
Previous Seat Address:
CALLE MONTSERRAT (PG IND PONS FERRER ) 20
08212 SANT LLORENÇ SAVALL BARCELONA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE INDUSTRIA (PG IND PONS FERRER), 3 |
08212 |
SANT LLORENÇ SAVALL |
Barcelona |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change: 24/05/2005)
Operative Board Members : 1 (latest change: 24/04/2012)
Main Board members,
Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
SANCHEZ GURRI, JAUME |
24/05/2005 |
|
|
|
|
Board members remuneration
Source: Annual financial report 2011
Board members remuneration: 25.301,22 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
SANCHEZ GURRI, JAUME |
FINANCIAL LINKS
Direct Shareholders
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SANCHEZ GURRI JAUME |
|
50,00 |
OWN SOURCES |
08/11/2012 |
|
|
SANCHEZ JORDAN JUAN |
|
45,01 |
OWN SOURCES |
08/11/2012 |
|
|
SANCHEZ GURRI MARIA |
|
4,99 |
OWN SOURCES |
08/11/2012 |
BUSINESS INFORMATION
Incorporation date: 17/03/2005
Establishment date: 01/01/2000
Informa Code: 1616600
Informa Activity: Wholesale of industrial chemical products
NACE 2009 CODE: 4675
NACE 2009 Activity: Wholesale of chemical products
Business: LA IMPORTACION Y EXPORTACION, FABRICACION Y COMERCIALIZACION DE PRODUCTOS QUIMICOS INDUSTRIALES
Activity description: La fabricación y comercialización de pastas pigmentarias y aditivos para la industria química.
Latest employees figure: 8 (2012)
% of fixed employees: 87,50%
% of temporary employees: 12,50%
% of men: 80,00%
% of women: 20,00%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Senior management |
|
1 |
|
|
Administrative employees |
|
|
1 |
|
Other qualified employees |
|
3 |
|
|
Non qualified employees |
|
4 |
1 |
COMMERCIAL OPERATIONS
PURCHASES
National Distribution: 97%
SALES
Exports to: EUROPA Y NORTE DE AFRICA
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAIXABANK, S.A. |
|
|
CASTELLAR DEL VALLES |
|
|
BANCO DE SABADELL, S.A. |
|
|
CASTELLAR DEL VALLES |
|
Discount facilities: 4
Credit policy: 3
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Entity:CAIXA SABADELL Debt type: Credit policy |
Granted limit:36.000,00 € Used limit:26.474,00 € Available limit:9.526,00 € Source: Filed Accounts (2011) |
|
|
|
|
Entity:BANCO DE SABADELL, S.A. Debt type: Credit policy |
Granted limit:42.000,00 € Used limit:29.040,78 € Available limit:12.959,22 € Source: Filed Accounts (2011) |
|
|
|
|
Entity:CAIXA SABADELL Debt type: Discount facilities |
Granted limit:50.000,00 € Used limit:41.400,00 € Available limit:8.600,00 € Source: Filed Accounts (2011) |
|
|
|
|
Entity:CAIXA D’ESTALVIS DEL PENEDES Debt type: Credit policy |
Granted limit:50.000,00 € Used limit:37.740,79 € Available limit:12.259,21 € Source: Filed Accounts (2011) |
|
|
|
|
Entity:CAIXA DE PENSIONS Debt type: Discount facilities |
Granted limit:60.000,00 € Used limit:48.800,00 € Available limit:11.200,00 € Source: Filed Accounts (2011) |
|
|
|
LEGAL STRUCTURE
Constitution Data
Register Date: 17/03/2005
Register town: Barcelona
Announcement number: 231341
Register data:
Volume 37423, Folio 154, Section 8, Sheet 298577,
Inscription I/A 1 (2005-04-12)
Share capital: 3.008 €
Legal form: Limited Liability Company
Share capital: 3.008,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 1 (Last: 24/05/2005)
Acts on capital: 0
Acts on creation: 1 (Last: 24/05/2005)
Acts on filed accounts: 6 (Last: 30/09/2011, first: 04/10/2006)
Acts on identification: 1 (Last: 27/12/2010)
Acts on Information: 0
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2010) |
30/09/2011 |
669192 |
Barcelona |
|
Change of registered address |
27/12/2010 |
477202 |
Barcelona |
|
Annual Filed Accounts (2009) |
29/10/2010 |
926993 |
Barcelona |
|
Annual Filed Accounts (2008) |
20/11/2009 |
905850 |
Barcelona |
|
Annual Filed Accounts (2007) |
03/10/2008 |
738723 |
Barcelona |
|
Annual Filed Accounts (2006) |
27/09/2007 |
647654 |
Barcelona |
|
Annual Filed Accounts (2005) |
04/10/2006 |
647272 |
Barcelona |
|
Appointments |
24/05/2005 |
231341 |
Barcelona |
|
Constitution |
24/05/2005 |
231341 |
Barcelona |
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 14/09/2012.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
204.683,46 |
22,74 |
253.310,86 |
29,42 |
170.316,50 |
30,03 |
|
I. Intangible assets |
40.767,65 |
4,53 |
52.730,51 |
6,12 |
|
|
|
II. Tangible fixed assets |
155.507,71 |
17,27 |
192.172,25 |
22,32 |
165.508,40 |
29,18 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
8.408,10 |
0,93 |
8.408,10 |
0,98 |
4.808,10 |
0,85 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
695.544,33 |
77,26 |
607.743,22 |
70,58 |
396.859,74 |
69,97 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
338.784,00 |
37,63 |
216.406,00 |
25,13 |
215.326,00 |
37,96 |
|
III. Trade Debtors and other receivable accounts |
332.039,63 |
36,88 |
365.620,47 |
42,46 |
159.556,30 |
28,13 |
|
1. Clients |
332.039,63 |
36,88 |
365.620,47 |
42,46 |
159.556,30 |
28,13 |
|
b) Clients for sales and short term services rendering |
332.039,63 |
36,88 |
365.620,47 |
42,46 |
159.556,30 |
28,13 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
5.989,00 |
0,67 |
|
|
|
|
|
VI. Short term periodifications |
3.212,63 |
0,36 |
2.318,53 |
0,27 |
1.887,78 |
0,33 |
|
VII. Cash and equivalents |
15.519,07 |
1,72 |
23.398,22 |
2,72 |
20.089,66 |
3,54 |
|
TOTAL ASSETS (A + B) |
900.227,79 |
100,00 |
861.054,08 |
100,00 |
567.176,24 |
100,00 |
Net Worth and Liabilities
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NET WORTH |
36.670,88 |
4,07 |
27.789,83 |
3,23 |
20.868,92 |
3,68 |
|
A-1) Equity |
36.670,88 |
4,07 |
27.789,83 |
3,23 |
20.868,92 |
3,68 |
|
I. Capital |
3.008,00 |
0,33 |
3.008,00 |
0,35 |
3.008,00 |
0,53 |
|
1. Authorized capital |
3.008,00 |
0,33 |
3.008,00 |
0,35 |
3.008,00 |
0,53 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
24.781,83 |
2,75 |
17.860,92 |
2,07 |
13.159,42 |
2,32 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
8.881,05 |
0,99 |
6.920,91 |
0,80 |
4.701,50 |
0,83 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
147.386,20 |
16,37 |
194.118,99 |
22,54 |
108.590,74 |
19,15 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
147.144,66 |
16,35 |
192.897,27 |
22,40 |
63.100,46 |
11,13 |
|
1. Debts with bank entities |
83.089,21 |
9,23 |
120.405,84 |
13,98 |
42.892,03 |
7,56 |
|
3. Other long term debts |
64.055,45 |
7,12 |
72.491,43 |
8,42 |
20.208,43 |
3,56 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
241,54 |
0,03 |
1.221,72 |
0,14 |
1.965,28 |
0,35 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
43.525,00 |
7,67 |
|
C) CURRENT LIABILITIES |
716.170,71 |
79,55 |
639.145,26 |
74,23 |
437.716,58 |
77,17 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
129.170,96 |
14,35 |
170.576,53 |
19,81 |
173.557,11 |
30,60 |
|
1. Debts with bank entities |
129.170,96 |
14,35 |
170.576,53 |
19,81 |
171.185,97 |
30,18 |
|
2. Financial leasing creditors |
|
|
|
|
2.371,14 |
0,42 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
586.999,75 |
65,21 |
468.568,73 |
54,42 |
264.159,47 |
46,57 |
|
1. Suppliers |
521.908,20 |
57,98 |
423.515,20 |
49,19 |
236.841,98 |
41,76 |
|
b) Short term suppliers |
521.908,20 |
57,98 |
423.515,20 |
49,19 |
236.841,98 |
41,76 |
|
2. Other creditors |
65.091,55 |
7,23 |
45.053,53 |
5,23 |
27.317,49 |
4,82 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
900.227,79 |
100,00 |
861.054,08 |
100,00 |
567.176,24 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
2.264.253,86 |
99,93 |
1.734.388,89 |
100,00 |
1.108.478,51 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-1.663.080,90 |
-73,40 |
-1.235.001,93 |
-71,21 |
-767.015,04 |
-69,20 |
|
5. Other operating income |
1.525,75 |
0,07 |
|
|
|
|
|
6. Labour cost |
-263.134,56 |
-11,61 |
-226.323,62 |
-13,05 |
-159.303,49 |
-14,37 |
|
7. Other operating costs |
-230.562,37 |
-10,18 |
-191.977,58 |
-11,07 |
-137.928,16 |
-12,44 |
|
8. Amortization of fixed assets |
-48.627,40 |
-2,15 |
-41.110,75 |
-2,37 |
-27.011,63 |
-2,44 |
|
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 |
-68,49 |
0,00 |
167,85 |
0,01 |
16.587,64 |
1,50 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
60.305,89 |
2,66 |
40.142,86 |
2,31 |
33.807,83 |
3,05 |
|
14. Financial income |
4,82 |
0,00 |
6,70 |
0,00 |
3,19 |
0,00 |
|
b) Other financial income |
4,82 |
0,00 |
6,70 |
0,00 |
3,19 |
0,00 |
|
15. Financial expenses |
-49.209,39 |
-2,17 |
-31.415,92 |
-1,81 |
-27.934,14 |
-2,52 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
|
|
|
|
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-49.204,57 |
-2,17 |
-31.409,22 |
-1,81 |
-27.930,95 |
-2,52 |
|
C) RESULT BEFORE TAXES (A + B) |
11.101,32 |
0,49 |
8.733,64 |
0,50 |
5.876,88 |
0,53 |
|
20. Taxes on profits |
-2.220,27 |
-0,10 |
-1.812,73 |
-0,10 |
-1.175,38 |
-0,11 |
|
D) EXERCISE RESULT (C + 20) |
8.881,05 |
0,39 |
6.920,91 |
0,40 |
4.701,50 |
0,42 |
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 /1) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.008,00 |
8.653,67 |
4.505,75 |
16.167,42 |
|
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) |
3.008,00 |
8.653,67 |
4.505,75 |
16.167,42 |
|
I. Total recognized income and expenses |
|
|
4.701,50 |
4.701,50 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
4.505,75 |
-4.505,75 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.008,00 |
13.159,42 |
4.701,50 |
20.868,92 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
3.008,00 |
13.159,42 |
4.701,50 |
20.868,92 |
|
I. Total recognized income and expenses |
|
|
6.920,91 |
6.920,91 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
4.701,50 |
-4.701,50 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
3.008,00 |
17.860,92 |
6.920,91 |
27.789,83 |
|
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) |
3.008,00 |
17.860,92 |
6.920,91 |
27.789,83 |
|
I. Total recognized income and expenses |
|
|
8.881,05 |
8.881,05 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
6.920,91 |
-6.920,91 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
3.008,00 |
24.781,83 |
8.881,05 |
36.670,88 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
-20.626,38 |
34,32 |
-31.402,04 |
23,14 |
-40.856,84 |
|
Working capital ratio |
-0,02 |
50,00 |
-0,04 |
42,86 |
-0,07 |
|
Soundness Ratio |
0,18 |
63,64 |
0,11 |
-8,33 |
0,12 |
|
Average Collection Period (days) |
53 |
-30,33 |
76 |
46,53 |
52 |
|
Average Payment Period (days) |
112 |
-5,49 |
118 |
12,33 |
105 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
97,12 |
2,13 |
95,09 |
4,87 |
90,67 |
|
Quick Ratio (%) |
3,00 |
-18,03 |
3,66 |
-20,26 |
4,59 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
30,69 |
-27,29 |
42,21 |
1,15 |
41,73 |
|
External Financing Average Cost |
0,18 |
100,00 |
0,09 |
-25,00 |
0,12 |
|
Debt Service Coverage |
4,80 |
-36,46 |
7,57 |
1,47 |
7,46 |
|
Interest Coverage |
1,22 |
-3,91 |
1,28 |
5,79 |
1,21 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
2,54 |
-8,30 |
2,77 |
-3,15 |
2,86 |
|
Auto financing generated by Assets (%) |
6,39 |
14,52 |
5,58 |
-0,18 |
5,59 |
|
Breakdown Point |
1,03 |
0,98 |
1,02 |
-0,97 |
1,03 |
|
Average Sales Volume per Employee |
241.907,46 |
17,44 |
205.984,43 |
15,96 |
177.640,79 |
|
Average Cost per Employee |
28.112,67 |
4,59 |
26.879,29 |
5,29 |
25.529,40 |
|
Assets Turnover |
2,52 |
25,37 |
2,01 |
3,08 |
1,95 |
|
Inventory Turnover (days) |
73 |
16,57 |
63 |
-37,72 |
101 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
6,70 |
43,78 |
4,66 |
-21,81 |
5,96 |
|
Operating Profitability (%) |
12,10 |
28,18 |
9,44 |
-11,94 |
10,72 |
|
Return on Equity (ROE) (%) |
30,27 |
-3,69 |
31,43 |
11,61 |
28,16 |
SECTORIAL ANALYSIS
Balance Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
22,74 |
34,14 |
-11,41 |
|
A) CURRENT ASSETS |
77,26 |
65,86 |
11,41 |
|
LIABILITIES |
|||
|
A) NET WORTH |
4,07 |
39,57 |
-35,50 |
|
B) NON CURRENT LIABILITIES |
16,37 |
17,36 |
-0,99 |
|
C) CURRENT LIABILITIES |
79,55 |
43,06 |
36,49 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,93 |
98,85 |
1,08 |
|
Other operating income |
0,07 |
1,15 |
-1,08 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-73,40 |
-64,02 |
-9,38 |
|
Variation in stocks of finished goods and work in progress |
|
0,32 |
|
|
GROSS MARGIN |
26,60 |
36,30 |
-9,70 |
|
Other operating costs |
-10,18 |
-12,98 |
2,80 |
|
Labour cost |
-11,61 |
-18,28 |
6,67 |
|
GROSS OPERATING RESULT |
4,81 |
5,04 |
-0,23 |
|
Amortization of fixed assets |
-2,15 |
-2,05 |
-0,10 |
|
Deterioration and result for fixed assets disposal |
|
0,00 |
|
|
Other expenses / income |
|
0,27 |
|
|
NET OPERATING RESULT |
2,66 |
3,25 |
-0,59 |
|
Financial result |
-2,17 |
-1,13 |
-1,04 |
|
RESULT BEFORE TAX |
0,49 |
2,11 |
-1,62 |
|
Taxes on profits |
-0,10 |
-0,50 |
0,40 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,39 |
1,61 |
-1,22 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,39 |
1,61 |
-1,22 |
|
Amortization of fixed assets |
-2,15 |
-2,05 |
-0,10 |
|
Deterioration and provisions variation |
-2,15 |
0,00 |
-2,15 |
|
|
4,68 |
3,67 |
1,01 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-20.626,38 |
20.205,81 |
95.722,81 |
232.724,88 |
|
Working capital ratio |
-0,02 |
0,06 |
0,21 |
0,39 |
|
Soundness Ratio |
0,18 |
0,64 |
1,44 |
3,30 |
|
Average Collection Period (days) |
53 |
55 |
93 |
133 |
|
Average Payment Period (days) |
112 |
81 |
115 |
167 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
97,12 |
112,07 |
143,20 |
218,45 |
|
Quick Ratio (%) |
3,00 |
6,25 |
21,59 |
61,72 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
30,69 |
7,01 |
24,07 |
41,52 |
|
External Financing Average Cost |
0,18 |
0,03 |
0,05 |
0,09 |
|
Debt Service Coverage |
4,80 |
0,15 |
3,64 |
9,83 |
|
Interest Coverage |
1,22 |
1,11 |
2,08 |
6,40 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
2,54 |
1,47 |
3,20 |
6,26 |
|
Auto financing generated by Assets (%) |
6,39 |
1,83 |
3,90 |
7,25 |
|
Breakdown Point |
1,03 |
1,01 |
1,03 |
1,06 |
|
Average Sales Volume per Employee |
241.907,46 |
100.849,28 |
151.472,43 |
229.764,57 |
|
Average Cost per Employee |
28.112,67 |
19.800,00 |
25.332,75 |
33.443,06 |
|
Assets Turnover |
2,52 |
0,84 |
1,30 |
1,89 |
|
Inventory Turnover (days) |
73 |
29 |
72 |
147 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
6,70 |
1,24 |
3,56 |
6,51 |
|
Operating Profitability (%) |
12,10 |
2,99 |
5,88 |
9,73 |
|
Return on Equity (ROE) (%) |
30,27 |
0,92 |
6,16 |
15,52 |
ADDITIONAL INFORMATION
Consulted Sources
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
La titular
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
|
1 |
Rs.86.96 |
|
Euro |
1 |
Rs.69.24 |
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.