MIRA
INFORM REPORT
|
Report Date : |
20.11.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
BALPIEL DISEÑO Y MODA SL |
|
|
|
|
Registered Office : |
Calle Hermanos Bohorquez Gomez, 3 – 2 11600 Ubrique Cádiz |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.12.2005 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Retail sale of footwear, leather & travel articles |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 |
Identification
Current Business Name: BALPIEL
DISEÑO Y MODA SL
Other names: NO
Current Address: CALLE HERMANOS BOHORQUEZ
GOMEZ, 3 - 2
Telephone number: 956460507 Fax: 956468020
Corporate e-mail: yancci@yancci.com
Answer to the data in your request
The correct name, of the subject is the includes in this report BALPIEL DISEÑO Y MODA SL.
Cif / Nif
The NIF/CIF provided is not registered as IVA (Added Value Tax) operator in the database of the Tax Office
Trade Risk
Credit appraisal: Caution suggested
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial
Defaults of Payment: NO
Financial Information
Balance
sheet latest sales (2011): 592.989,23 € (Mercantile Register)
Result: 2.886,96 €
Total
Assets: 579.228,66 €
Share
capital: 3.006,00 €
Employees: 2
Listed on a Stock
Exchange: NO
Commercial Information
Incorporation
date: 19/12/2005
Activity: Retail sale of footwear, leather & travel articles
NACE
2009 CODE: 4772
International Operations: It
does not import nor export
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 29/08/2011 Annual Filed Accounts
Bank Entities: There are
The date when this report was last updated is 13/11/2012.
The information contained in this report has been investigated and contrasted on 13/11/2012
Financial situation
|
Exercise:2011 |
Evolution |
|||
|
Treasury |
|
Average |
|
|
|
Indebtedness |
|
Very
Heavy |
|
|
|
Profitability |
|
Slight |
|
|
|
Balance |
|
Excellent |
|
|
Performance
|
Incidents |
|
None
or Negligible |
|
Business
Trajectory |
|
With
exceptions |
Rating Informa Explanation
Financial
situation
•
The company’s financial situation
is unfavourable.
•
The company’s financial situation
evolution has been negative.
•
The sales evolution and results has
been positive.
•
The company has negative equity.
Company
Structure
•
The company’s capitalization degree
determines that its structure is weak.
•
The company’s size is very
small depending on its sales volume.
•
The employees evolution has
been positive.
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 |
|
27/07/2012 |
Reduction |
6 |
•
New financial statements have been
uploaded. |
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
13/11/2012
11:11:14
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 |
16.005,29 |
2,76 |
17.118,79 |
4,83 |
18.547,97 |
4,27 |
|
B) CURRENT ASSETS |
563.223,37 |
97,24 |
337.084,24 |
95,17 |
415.655,30 |
95,73 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
-45.009,88 |
-7,77 |
-47.896,84 |
-13,52 |
-50.324,36 |
-11,59 |
|
B) NON CURRENT LIABILITIES |
73.896,34 |
12,76 |
237.591,81 |
67,08 |
105.000,00 |
24,18 |
|
C) CURRENT LIABILITIES |
550.342,20 |
95,01 |
164.508,06 |
46,44 |
379.527,63 |
87,41 |
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 |
592.989,23 |
|
458.512,99 |
|
513.148,12 |
|
|
GROSS MARGIN |
301.671,10 |
50,87 |
159.020,79 |
34,68 |
188.629,78 |
36,76 |
|
EBITDA |
21.905,00 |
3,69 |
27.039,32 |
5,90 |
391,46 |
0,08 |
|
EBIT |
21.753,82 |
3,67 |
26.419,32 |
5,76 |
-228,54 |
-0,04 |
|
NET RESULT |
2.886,96 |
0,49 |
2.427,52 |
0,53 |
-18.063,50 |
-3,52 |
|
EFFECTIVE TAX RATE (%) |
25,00 |
0,00 |
25,00 |
0,01 |
-25,00 |
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 |
2,76 |
42,40 |
-39,63 |
|
A) CURRENT ASSETS |
97,24 |
57,60 |
39,63 |
|
LIABILITIES |
|||
|
A) NET WORTH |
-7,77 |
40,30 |
-48,07 |
|
B) NON CURRENT LIABILITIES |
12,76 |
19,28 |
-6,52 |
|
C) CURRENT LIABILITIES |
95,01 |
40,42 |
54,59 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT
ANALYSIS: % on the total operating income |
|
|
|
|
SALES |
99,82 |
98,92 |
0,90 |
|
GROSS MARGIN |
50,78 |
42,72 |
8,06 |
|
EBITDA |
3,69 |
4,68 |
-0,99 |
|
EBIT |
3,66 |
2,51 |
1,15 |
|
NET RESULT |
0,49 |
1,06 |
-0,58 |
Sector Composition
Compared sector (NACE 2009): 4772
Number of companies: 519
Size (sales figure): 0 - 2,800,000.00 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 |
2.427,52 |
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 |
2.427,52 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous
exercises losses |
2.427,52 |
|
|
|
Application total |
2.427,52 |
ADDRESSES
Current
Legal Seat Address:
CALLE HERMANOS
BOHORQUEZ GOMEZ, 3 - 2
11600 UBRIQUE CÁDIZ
Summary
Governing body : 1 member (latest change: 03/02/2006)
Other Positions : 1 (latest change: 10/04/2006)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
PULIDO GARCIA, JOSE |
03/02/2006 |
|
|
|
|
Direct Shareholders
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PULIDO GARCIA JSOE |
|
Major. |
OWN SOURCES |
13/11/2012 |
Name Search in the Internet
Search Criterion: ”BALPIEL
DISEÑO Y MODA SL”
URL: cadiz-provincia.infoisinfo.es
Tiendas Disfraces En Cádiz
Provincia Hispania Sur Grupo De Compras S.L.. C/ Pizarro, 1 .
... Importaciones Y Exportaciones Sanluquenas S.L.. C/ Ramon Y Cajal, 1 . ... Balpiel
Diseno Y Moda S.L. ...
BUSINESS INFORMATION
Incorporation date: 19/12/2005
Establishment date: 01/01/2005
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity
Activity: Retail
sale of footwear, leather & travel articles
NACE
2009 CODE: 4772
NACE
2009 Activity: Retail sale of footwear and leather
goods in specialised stores
Business: LA
FABRICACION Y COMERCIALIZACION DE TODO TIPO DE ARTICULOS DE PIEL
Activity description: La
fabricación de bolsos y artículos de marroquineria.
Employees
Latest employees figure: 2 (2012)
% of fixed employees: 100,00%
% of men: 100,00%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
1 |
|
PURCHASES
National Distribution: 100%
SALES
National Distribution: 100%
SUPPLIERS
|
BUSINESS
NAME |
INTERNATIONAL |
|
PIERRE
BALMAIN |
NO |
CLIENTS
|
BUSINESS
NAME |
INTERNATIONAL |
|
EL
CORTE INGLES |
NO |
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO POPULAR ESPAÑOL, S.A. |
|
|
UBRIQUE |
|
Constitution Data
Register Date: 19/12/2005
Register
town: Cádiz
Announcement
number: 58619
Register
data:
Volume 1781, Folio 158, Section 8, Sheet 31711,
Inscription I/A
1 (2006-01-24)
Share capital: 3.006
€
Current structure data
Legal form: Limited Liability Company
Share capital: 3.006,00 €
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: 2 (Last: 10/04/2006, first: 03/02/2006)
Acts
on capital: 0
Acts
on creation: 1 (Last: 03/02/2006)
Acts
on filed accounts: 5 (Last: 29/08/2011, first: 14/09/2007)
Acts
on identification: 0
Acts
on Information: 0
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2010) |
29/08/2011 |
373903 |
Cádiz |
|
Annual Filed
Accounts (2009) |
06/08/2010 |
284194 |
Cádiz |
|
Annual Filed
Accounts (2008) |
14/09/2009 |
407095 |
Cádiz |
|
Annual Filed
Accounts (2007) |
30/05/2008 |
157117 |
Cádiz |
|
Annual Filed Accounts (2006) |
14/09/2007 |
511358 |
Cádiz |
|
Appointments |
10/04/2006 |
192141 |
Cádiz |
|
Appointments |
03/02/2006 |
58619 |
Cádiz |
|
Constitution |
03/02/2006 |
58619 |
Cádiz |
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 27/07/2012.
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 |
16.005,29 |
2,76 |
17.118,79 |
4,83 |
18.547,97 |
4,27 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
|
|
151,18 |
0,04 |
771,18 |
0,18 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in
associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial
Investments |
|
|
|
|
|
|
|
VI. Assets by deferred taxes |
16.005,29 |
2,76 |
16.967,61 |
4,79 |
17.776,79 |
4,09 |
|
VII. Non current commercial
debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
563.223,37 |
97,24 |
337.084,24 |
95,17 |
415.655,30 |
95,73 |
|
I. Stocks |
541.902,93 |
93,56 |
312.274,83 |
88,16 |
335.011,93 |
77,16 |
|
II. Trade Debtors and other
receivable accounts |
16.477,92 |
2,84 |
17.184,93 |
4,85 |
74.583,58 |
17,18 |
|
1. Clients |
6.281,28 |
1,08 |
17.184,93 |
4,85 |
71.153,22 |
16,39 |
|
b) Clients for sales and short
term services rendering |
6.281,28 |
1,08 |
17.184,93 |
4,85 |
71.153,22 |
16,39 |
|
3. Other debtors |
10.196,64 |
1,76 |
|
|
3.430,36 |
0,79 |
|
III. Short term investments in
associated and affiliated companies |
|
|
|
|
|
|
|
IV. Short term financial
investments |
|
|
|
|
|
|
|
V. Short term periodifications |
|
|
|
|
|
|
|
VI. Cash and equivalents |
4.842,52 |
0,84 |
7.624,48 |
2,15 |
6.059,79 |
1,40 |
|
TOTAL ASSETS (A + B) |
579.228,66 |
100,00 |
354.203,03 |
100,00 |
434.203,27 |
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 |
-45.009,88 |
-7,77 |
-47.896,84 |
-13,52 |
-50.324,36 |
-11,59 |
|
A-1) Equity |
-45.009,88 |
-7,77 |
-47.896,84 |
-13,52 |
-50.324,36 |
-11,59 |
|
I. Capital |
3.006,00 |
0,52 |
3.006,00 |
0,85 |
3.006,00 |
0,69 |
|
1. Authorized capital |
3.006,00 |
0,52 |
3.006,00 |
0,85 |
3.006,00 |
0,69 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
|
|
|
|
16.744,82 |
3,86 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-50.902,84 |
-8,79 |
-53.330,36 |
-15,06 |
-52.011,68 |
-11,98 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
2.886,96 |
0,50 |
2.427,52 |
0,69 |
-18.063,50 |
-4,16 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants
and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
73.896,34 |
12,76 |
237.591,81 |
67,08 |
105.000,00 |
24,18 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
73.896,34 |
12,76 |
237.591,81 |
67,08 |
105.000,00 |
24,18 |
|
1. Debts with bank entities |
73.896,34 |
12,76 |
237.591,81 |
67,08 |
105.000,00 |
24,18 |
|
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 |
550.342,20 |
95,01 |
164.508,06 |
46,44 |
379.527,63 |
87,41 |
|
I. Short term provisions |
|
|
|
|
|
|
|
II. Short term debts |
1.244,25 |
0,21 |
|
|
114.747,35 |
26,43 |
|
1. Debts with bank entities |
344,25 |
0,06 |
|
|
109.250,41 |
25,16 |
|
3. Other short term debts |
900,00 |
0,16 |
|
|
5.496,94 |
1,27 |
|
III. Short term debts with associated
and affiliated companies |
324.461,74 |
56,02 |
74.026,43 |
20,90 |
140.607,51 |
32,38 |
|
IV. Trade creditors and other
payable accounts |
224.636,21 |
38,78 |
90.481,63 |
25,55 |
124.172,77 |
28,60 |
|
1. Suppliers |
39.504,45 |
6,82 |
32.161,23 |
9,08 |
70.563,22 |
16,25 |
|
b) Short term suppliers |
39.504,45 |
6,82 |
32.161,23 |
9,08 |
70.563,22 |
16,25 |
|
2. Other creditors |
185.131,76 |
31,96 |
58.320,40 |
16,47 |
53.609,55 |
12,35 |
|
V. Short term periodifications |
|
|
|
|
|
|
|
VI. Short term debts with
special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND
LIABILITIES (A + B + C) |
579.228,66 |
100,00 |
354.203,03 |
100,00 |
434.203,27 |
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 |
592.989,23 |
99,82 |
458.512,99 |
99,63 |
513.148,12 |
99,99 |
|
2. Variation in stocks of finished
goods and work in progress |
|
|
|
|
24.742,64 |
4,82 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-292.396,39 |
-49,22 |
-301.198,59 |
-65,45 |
-349.329,78 |
-68,07 |
|
5. Other operating income |
1.078,26 |
0,18 |
1.706,39 |
0,37 |
68,80 |
0,01 |
|
6. Labour cost |
-34.492,19 |
-5,81 |
-41.608,36 |
-9,04 |
-43.905,50 |
-8,55 |
|
7. Other operating costs |
-245.273,91 |
-41,29 |
-91.534,84 |
-19,89 |
-144.332,82 |
-28,12 |
|
8. Amortization of fixed
assets |
-151,18 |
-0,03 |
-620,00 |
-0,13 |
-620,00 |
-0,12 |
|
9. Allocation of subventions
on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result
for fixed assets disposal |
|
|
|
|
|
|
|
12. Other results |
|
|
1.161,73 |
0,25 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3
+ 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) |
21.753,82 |
3,66 |
26.419,32 |
5,74 |
-228,54 |
-0,04 |
|
13. Financial income |
|
|
|
|
|
|
|
14. Financial expenses |
-17.904,54 |
-3,01 |
-23.182,62 |
-5,04 |
-23.856,13 |
-4,65 |
|
15. Reasonable value variation
on financial instruments |
|
|
|
|
|
|
|
16. Exchange differences |
|
|
|
|
|
|
|
17. Deterioration and result
for disposal of financial instruments |
|
|
|
|
|
|
|
18. Other financial income and
expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (13 + 14 +
15 + 16 + 17 + 18) |
-17.904,54 |
-3,01 |
-23.182,62 |
-5,04 |
-23.856,13 |
-4,65 |
|
C) RESULT BEFORE TAXES (A + B) |
3.849,28 |
0,65 |
3.236,70 |
0,70 |
-24.084,67 |
-4,69 |
|
19. Taxes on profits |
-962,32 |
-0,16 |
-809,18 |
-0,18 |
6.021,17 |
1,17 |
|
D) EXERCISE RESULT (C + 19) |
2.886,96 |
0,49 |
2.427,52 |
0,53 |
-18.063,50 |
-3,52 |
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
EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2008) |
3.006,00 |
16.744,82 |
-66.979,27 |
14.967,59 |
|
I. Adjustments by change of
criteria in the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in
the exercise (2008) |
|
|
14.967,59 |
|
|
ADJUSTED ACCOUNT BALANCE,
BEGINNING OF EXERCISE (2009) |
3.006,00 |
16.744,82 |
-52.011,68 |
14.967,59 |
|
I. Profit and loss account
result |
|
|
|
-18.063,50 |
|
II. Recognized income and
expenses in net worth |
|
|
|
|
|
III. Operations with partners
or owners |
|
|
|
|
|
III. Other net worth
variations |
|
|
|
-14.967,59 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2009) |
3.006,00 |
16.744,82 |
-52.011,68 |
-18.063,50 |
|
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) |
3.006,00 |
16.744,82 |
-52.011,68 |
-18.063,50 |
|
I. Profit and loss account
result |
|
|
|
2.427,52 |
|
II. Recognized income and
expenses in net worth |
|
|
|
|
|
III. Operations with partners
or owners |
|
|
|
|
|
III. Other net worth
variations |
|
-16.744,82 |
-1.318,68 |
18.063,50 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2010) |
3.006,00 |
|
-53.330,36 |
2.427,52 |
|
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) |
3.006,00 |
|
-53.330,36 |
2.427,52 |
|
I. Profit and loss account
result |
|
|
|
2.886,96 |
|
II. Recognized income and
expenses in net worth |
|
|
|
|
|
III. Operations with partners
or owners |
|
|
|
|
|
III. Other net worth
variations |
|
|
2.427,52 |
-2.427,52 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2011) |
3.006,00 |
|
-50.902,84 |
2.886,96 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2008) |
-32.260,86 |
|
||
|
I. Adjustments by change of
criteria in the exercise (2008) |
|
|
||
|
II. Adjustments by errors in
the exercise (2008) |
14.967,59 |
|
||
|
ADJUSTED ACCOUNT BALANCE,
BEGINNING OF EXERCISE (2009) |
-17.293,27 |
|
||
|
I. Profit and loss account
result |
-18.063,50 |
|
||
|
II. Recognized income and
expenses in net worth |
|
|
||
|
III. Operations with partners
or owners |
|
|
||
|
III. Other net worth
variations |
-14.967,59 |
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2009) |
-50.324,36 |
|
||
|
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) |
-50.324,36 |
|
||
|
I. Profit and loss account
result |
2.427,52 |
|
||
|
II. Recognized income and
expenses in net worth |
|
|
||
|
III. Operations with partners
or owners |
|
|
||
|
III. Other net worth
variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2010) |
-47.896,84 |
|
||
|
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) |
-47.896,84 |
|
||
|
I. Profit and loss account
result |
2.886,96 |
|
||
|
II. Recognized income and
expenses in net worth |
|
|
||
|
III. Operations with partners
or owners |
|
|
||
|
III. Other net worth
variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2011) |
-45.009,88 |
|
||
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
12.881,17 |
-92,54 |
172.576,18 |
377,68 |
36.127,67 |
|
Working capital ratio |
0,02 |
-95,92 |
0,49 |
512,50 |
0,08 |
|
Soundness Ratio |
-2,81 |
-0,36 |
-2,80 |
-3,32 |
-2,71 |
|
Average Collection Period
(days) |
10 |
-24,32 |
13 |
-74,48 |
52 |
|
Average Payment Period (days) |
368 |
143,68 |
151 |
-21,83 |
193 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
102,34 |
-50,05 |
204,90 |
87,09 |
109,52 |
|
Quick Ratio (%) |
0,88 |
-81,03 |
4,64 |
190,00 |
1,60 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
68,99 |
-21,58 |
87,98 |
6,01 |
82,99 |
|
External Financing Average
Cost |
0,04 |
-28,57 |
0,07 |
0,00 |
0,07 |
|
Debt Service Coverage |
131,53 |
28,64 |
102,25 |
594,92 |
-20,66 |
|
Interest Coverage |
1,22 |
7,02 |
1,14 |
11.500,00 |
-0,01 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by
sales (%) |
0,51 |
-23,88 |
0,66 |
119,71 |
-3,40 |
|
Auto financing generated by
Assets (%) |
0,52 |
-38,37 |
0,86 |
121,39 |
-4,02 |
|
Breakdown Point |
1,04 |
-1,89 |
1,06 |
6,00 |
1,00 |
|
Average Sales Volume per
Employee |
439.251,28 |
64,77 |
266.577,32 |
-0,26 |
267.264,65 |
|
Average Cost per Employee |
25.549,77 |
5,62 |
24.190,91 |
5,79 |
22.867,45 |
|
Assets Turnover |
1,02 |
-20,93 |
1,29 |
9,32 |
1,18 |
|
Inventory Turnover (days) |
667 |
78,69 |
373 |
8,13 |
345 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
3,76 |
-49,60 |
7,46 |
15.020,00 |
-0,05 |
|
Operating Profitability (%) |
3,78 |
-50,46 |
7,63 |
8.377,78 |
0,09 |
|
Return on Equity (ROE) (%) |
-8,55 |
-26,48 |
-6,76 |
-114,12 |
47,86 |
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 |
2,76 |
42,40 |
-39,63 |
|
A) CURRENT ASSETS |
97,24 |
57,60 |
39,63 |
|
LIABILITIES |
|||
|
A) NET WORTH |
-7,77 |
40,30 |
-48,07 |
|
B) NON CURRENT LIABILITIES |
12,76 |
19,28 |
-6,52 |
|
C) CURRENT LIABILITIES |
95,01 |
40,42 |
54,59 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,82 |
98,92 |
0,90 |
|
Other operating income |
0,18 |
1,08 |
-0,90 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-49,22 |
-58,22 |
9,00 |
|
Variation in stocks of
finished goods and work in progress |
|
0,94 |
|
|
GROSS MARGIN |
50,78 |
42,72 |
8,06 |
|
Other operating costs |
-41,29 |
-17,54 |
-23,75 |
|
Labour cost |
-5,81 |
-20,85 |
15,04 |
|
GROSS OPERATING RESULT |
3,69 |
4,34 |
-0,65 |
|
Amortization of fixed assets |
-0,03 |
-2,23 |
2,20 |
|
Deterioration and result for
fixed assets disposal |
|
0,06 |
|
|
Other expenses / income |
|
0,34 |
|
|
NET OPERATING RESULT |
3,66 |
2,51 |
1,15 |
|
Financial result |
-3,01 |
-1,14 |
-1,87 |
|
RESULT BEFORE TAX |
0,65 |
1,37 |
-0,72 |
|
Taxes on profits |
-0,16 |
-0,30 |
0,14 |
|
RESULT COMING FROM CONTINUED
OPERATIONS |
0,49 |
1,06 |
-0,57 |
|
Exercise result coming from
discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,49 |
1,06 |
-0,57 |
|
Amortization of fixed assets |
-0,03 |
-2,23 |
2,20 |
|
Deterioration and provisions
variation |
-0,03 |
0,06 |
-0,09 |
|
|
0,54 |
3,23 |
-2,69 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
12.881,17 |
292,06 |
45.108,31 |
142.678,00 |
|
Working capital ratio |
0,02 |
0,00 |
0,18 |
0,36 |
|
Soundness Ratio |
-2,81 |
0,54 |
1,12 |
2,49 |
|
Average Collection Period
(days) |
10 |
0 |
1 |
10 |
|
Average Payment Period (days) |
368 |
56 |
88 |
155 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
102,34 |
100,41 |
134,62 |
228,98 |
|
Quick Ratio (%) |
0,88 |
3,58 |
16,11 |
50,14 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
68,99 |
10,59 |
30,01 |
49,45 |
|
External Financing Average
Cost |
0,04 |
0,01 |
0,04 |
0,06 |
|
Debt Service Coverage |
131,53 |
0,00 |
4,18 |
12,56 |
|
Interest Coverage |
1,22 |
1,08 |
2,02 |
6,20 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by
sales (%) |
0,51 |
1,16 |
2,90 |
5,28 |
|
Auto financing generated by
Assets (%) |
0,52 |
1,44 |
3,63 |
6,88 |
|
Breakdown Point |
1,04 |
1,01 |
1,02 |
1,05 |
|
Average Sales Volume per
Employee |
439.251,28 |
61.128,31 |
87.800,04 |
120.275,30 |
|
Average Cost per Employee |
25.549,77 |
14.827,92 |
18.095,73 |
21.697,86 |
|
Assets Turnover |
1,02 |
0,71 |
1,23 |
1,85 |
|
Inventory Turnover (days) |
667 |
100 |
228 |
402 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
3,76 |
0,62 |
2,85 |
5,67 |
|
Operating Profitability (%) |
3,78 |
2,55 |
5,19 |
9,42 |
|
Return on Equity (ROE) (%) |
-8,55 |
0,49 |
5,45 |
16,13 |
ADDITIONAL INFORMATION
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.96 |
|
|
1 |
Rs.87.49 |
|
Euro |
1 |
Rs.70.15 |
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.