MIRA INFORM REPORT

 

 

Report Date :

21.11.2012

 

IDENTIFICATION DETAILS

 

Name :

PONS IBERICA SL

 

 

Registered Office :

Avenida Antoni Maura, 93 07300 Inca Baleares 

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

27.09.1988

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of textile, clothing, footwear , etc

 

 

No. of Employees :

15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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

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:          PONS IBERICA SL

Other names:                           YES

Current Address:                      AVENIDA ANTONI MAURA, 93

07300 INCA BALEARES 

Branches:                                1

Telephone number:                 971502350 

Fax:                                         971503550

URL:                                         www.ponsiberica.es

Corporate e-mail:                    ponsiberica@futurnet.es

 

 

Trade Risk

 

Credit appraisal: 155.000,00 €

Incidents:  NO

R.A.I.:  NO

EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of Payment:  NO

 

 

Financial Information

 

Balance sheet latest sales (2011):  2.869.199,38 € (Mercantile Register)

Result: 182.895,71 €

Total Assets: 2.242.219,03 €

Share capital:  36.060,00 €

Employees:  15

Listed on a Stock Exchange: NO

 

 

Commercial Information

 

Incorporation date:  27/09/1988

Activity:  Wholesale of textile, clothing, footwear , etc.

NACE 2009 CODE: 4642

International Operations: Imports and Exports

 

 

Corporate Structure

 

Sole Administrator:

WODEN GRUP BOTON S L

 

 

Other Complementary Information

 

Latest filed accounts in the Mercantile Register: 2011

Latest act published in BORME:  26/08/2011 Annual Filed Accounts

Bank Entities:  There are

 

The date when this report was last updated is 16/11/2012.

The information contained in this report has been investigated and contrasted on 16/11/2012

 

 

Financial situation

 

Exercise:2011

 

Evolution

 

Treasury

 

Excellent

 

 

Indebtedness

 

Very slight

 

 

Profitability

 

Sufficient

 

 

Balance

 

Excellent

 

 

 

Performance

Incidents

 

None or Negligible

Business Trajectory

 

Superior

 

 

Rating Informa Explanation

 

Financial situation

The company’s financial situation is good.

The company’s financial situation evolution has been negative.

The sales evolution has been  negative  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  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

22/08/2012

Reduction

16

New financial statements have been uploaded.

 

INCIDENTS

 

Summary

LEGAL ACTIONS: No legal actions registered

ADMINISTRATIVE CLAIMS: No administrative claims.

AFFECTED BY:

1 Company / Companies in Insolvency Proceedings.

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

13/11/2012 09:11:39

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 €

 

31/12/2011

(12)

BALANCE SHEET

 

%

ASSETS

 

31/12/2010

(12)

BALANCE SHEET

 

%

ASSETS

 

31/12/2009

(12)

BALANCE SHEET

 

%

ASSETS

 

ASSETS

 

 

 

 

 

 

A) NON CURRENT ASSETS

20.894,86

0,93

6.702,00

0,31

8.532,00

0,53

B) CURRENT ASSETS

2.221.324,17

99,07

2.160.114,42

99,69

1.611.157,37

99,47

LIABILITIES

 

 

 

 

 

 

A) NET WORTH

1.602.884,03

71,49

1.419.988,32

65,53

1.244.600,35

76,84

B) NON CURRENT LIABILITIES

1.404,60

0,06

2.463,23

0,11

2.342,89

0,14

C) CURRENT LIABILITIES

637.930,40

28,45

744.364,87

34,35

372.746,13

23,01

 

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

2.869.199,38

 

3.013.245,91

 

2.624.223,67

 

GROSS MARGIN

1.074.981,37

37,47

1.109.923,43

36,83

978.082,45

37,27

EBITDA

211.940,41

7,39

239.456,05

7,95

153.635,64

5,85

EBIT

208.336,20

7,26

239.456,05

7,95

137.393,88

5,24

NET RESULT

182.895,71

6,37

175.387,97

5,82

103.615,71

3,95

EFFECTIVE TAX RATE (%)

19,78

0,00

27,46

0,00

24,75

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

0,93

28,42

-27,49

A) CURRENT ASSETS

99,07

71,58

27,49

LIABILITIES

A) NET WORTH

71,49

37,96

33,53

B) NON CURRENT LIABILITIES

0,06

13,88

-13,82

C) CURRENT LIABILITIES

28,45

48,16

-19,71

 

 

 

 

 

COMPANY

(2011)

 

SECTOR

DIFFERENCE

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

 

 

 

SALES

98,92

98,68

0,23

GROSS MARGIN

37,06

31,35

5,71

EBITDA

7,31

4,46

2,84

EBIT

7,18

3,24

3,94

NET RESULT

6,31

1,72

4,58

 

Sector Composition

Compared sector (NACE 2009): 4642

Number of companies: 94

Size (sales figure): 2,800,000.00 - 7,000,000.00 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

182.895,71

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

182.895,71

Total of Amounts to be distributed

182.895,71

Dividends

0,00

 

 

Carry over and others

0,00

 

 

Compensation of previous exercises losses

0,00

 

 

Application total

182.895,71

 

 

ADDRESSES

 

Business address

Current Legal Seat Address:

AVENIDA ANTONI MAURA, 93

07300 INCA  BALEARES

 

 

Branches

STREET

POSTAL CODE

TOWN

PROVINCE

CALLE JOSEPA ROSSINYOL, 51

07760

CIUTADELLA DE MENORCA

Baleares

 

CORPORATE STRUCTURE

 

ADMINISTRATIVE LINKS

 

Summary

Governing body : 1 member (latest change: 06/09/2006)

Operative Board Members : 2 (latest change: 25/03/2010)

Non-current positions : 7 (latest change: 15/06/2007)

 

Main Board members, Directors and Auditor

Governing body

POSITION

NAME AND SURNAME

DATE

APPOINTMENT

SOLE ADMINISTRATOR

WODEN GRUP BOTON S L

06/09/2006

 

 

 

Board members remuneration

Source: Annual financial report 2011

Board members remuneration: 0,00 €

 

Functional Managers

POSITION

NAME AND SURNAME

Manager

PONS OLIVER, PEDRO

Financial Manager

MARIMONT SERRA, MIGUEL

FINANCIAL LINKS

 

Direct Shareholders

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

MARIMON SERRA MIGUEL

 

Indef.

OWN SOURCES

16/11/2012

 

PONS OLIVER PEDRO

 

Indef.

OWN SOURCES

04/07/2012

POTENTIAL LINKS

 

Name Search in the Internet

Search Criterion: ”PONS IBERICA SL”

URL: ponsiberica.es

Botones y accesorios Pons Ibérica  Pons Ibérica, S.L. Tel.: +34 971 502 350 Fax: +34 971 503 550 Woden Grup Boton, S.L. Tel.: +34 971 502 350 Fax: +34 971 503 550. catalàn.

URL: www.buscoempresas.es

Sector Textil Baleares (Illes) | Anuncios gratis Sector Textil Baleares ...  Pons iberica, s.l.. Sector Textil, 07300 Baleares (Illes), Inca. pons iberica, s.l. botones.inca (baleares). Otros conceptos:Base de datos de empresas ...

 

BUSINESS INFORMATION

 

Constitution

Incorporation date: 27/09/1988

 

Origin / Establishment

Establishment date: 01/01/1966

Founder’s Name: Pedro Pons Arrom, teniendo como socio privado a Pedro Figuerola Llompart, quien lo aportó a la titular en la fecha antes indicada

 

Activity

Code: 1613100

Activity: Wholesale of textile, clothing, footwear , etc.

NACE 2009 CODE: 4642

NACE 2009 Activity: Wholesale of clothing and footwear

Business: COMERCIO AL POR MAYOR, LA COMPRAVENTA Y TRANSFORMACION DE ARTICULOS Y MAQUINARIA PARA CONFECCION, CALZADO Y MARROQUINERIA Y TODA ACTIVIDAD RELACIONADA DIRECTA O INDIRECTAMENTE CON ELLA Y COMPRA O CESION DE ACCIONES DE ON

 

Employees

Latest employees figure: 15 (2012)

% of fixed employees: 100,00%

% of men: 46,67%

% of women: 53,33%

 

Employees evolution

 

 

 

 

Employees distribution

Source: Annual financial report 2011

CATEGORY

AVERAGE NUMBER OF EMPLOYEES

MEN

WOMEN

Distribution by sexes

 

7

8

 

 

Banks

ENTITY

BRANCH

ADDRESS

TOWN OR CITY

PROVINCE

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

0291

MAJOR, 33

INCA

Baleares

BANCO DE SABADELL, S.A.

0246

C BISBE LLOMPART 000017

INCA

Baleares

CAIXABANK, S.A.

0048

AV. BISBE LLOMPART, 30

INCA

Baleares

BANCO SANTANDER, S.A.

4974

CL OBISPO LLOMPART 1 APDO. 00000

INCA

Baleares

 

Brands

FORMER NAMES:

PONS IBERICA SOCIEDAD ANONIMA.

Brand name: C.F.P.I (Valid)

Type: JOINT    Scope: NATIONAL    Date: 14/12/1998

Brand name: P (Valid)

Type: JOINT    Scope: NATIONAL    Date: 24/10/1996

 

LEGAL STRUCTURE

 

Constitution Data

Register Date: 27/09/1988

 

Current structure data

Legal form: Limited Liability Company

Share capital: 36.060,00 €

 

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: 10 (Last: 15/06/2007, first: 25/02/1994)

Acts on capital: 1 (Last: 06/09/2006)

Acts on creation: 0

Acts on filed accounts: 19 (Last: 26/08/2011, first: 27/02/1995)

Acts on identification: 1 (Last: 25/02/1994)

Acts on Information: 1 (Last: 08/07/1998)

 

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

Other acts

ACT

DATE

NOTICE NUM.

MERCANTILE REGISTER

Annual Filed Accounts (2010)

26/08/2011

361712

Baleares

Annual Filed Accounts (2009)

24/08/2010

354148

Baleares

Annual Filed Accounts (2008)

21/08/2009

242553

Baleares

Annual Filed Accounts (2007)

18/11/2008

1101325

Baleares

Annual Filed Accounts (2006)

05/12/2007

1136301

Baleares

Resignations

15/06/2007

324623

Baleares

Annual Filed Accounts (2005)

25/10/2006

803332

Baleares

Capital enlargement (IA)

06/09/2006

436987

Baleares

Appointments

06/09/2006

436987

Baleares

Resignations

06/09/2006

436987

Baleares

 

 

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 22/08/2012.

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

20.894,86

0,93

6.702,00

0,31

8.532,00

0,53

I. Intangible assets

 

 

 

 

 

 

II. Tangible fixed assets

14.416,86

0,64

 

 

 

 

III. Real-estate investments

 

 

 

 

 

 

IV. Long term investments in associated and affiliated companies

 

 

 

 

 

 

V. Long Term Financial Investments

6.478,00

0,29

6.702,00

0,31

8.532,00

0,53

VI. Assets by deferred taxes

 

 

 

 

 

 

VII. Non current commercial debts

 

 

 

 

 

 

B) CURRENT ASSETS

2.221.324,17

99,07

2.160.114,42

99,69

1.611.157,37

99,47

I. Non-current assets maintained for sale

 

 

 

 

 

 

II. Stocks

62.830,35

2,80

48.740,23

2,25

45.289,93

2,80

III. Trade Debtors and other receivable accounts

901.725,45

40,22

1.245.519,09

57,48

959.929,44

59,27

1. Clients

864.684,12

38,56

1.226.827,99

56,62

937.154,74

57,86

b) Clients for sales and short term services rendering

864.684,12

38,56

1.226.827,99

56,62

937.154,74

57,86

3. Other debtors

37.041,33

1,65

18.691,10

0,86

22.774,70

1,41

IV. Short term investments in associated and affiliated companies

 

 

 

 

 

 

V. Short term financial investments

 

 

 

 

 

 

VI. Short term periodifications

 

 

 

 

 

 

VII. Cash and equivalents

1.256.768,37

56,05

865.855,10

39,96

605.938,00

37,41

TOTAL ASSETS (A + B)

2.242.219,03

100,00

2.166.816,42

100,00

1.619.689,37

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

1.602.884,03

71,49

1.419.988,32

65,53

1.244.600,35

76,84

A-1) Equity

1.602.884,03

71,49

1.419.988,32

65,53

1.244.600,35

76,84

I. Capital

36.060,00

1,61

36.060,00

1,66

36.060,00

2,23

1. Authorized capital

36.060,00

1,61

36.060,00

1,66

36.060,00

2,23

II. Issue premium

57.552,00

2,57

57.552,00

2,66

57.552,00

3,55

III. Reserves

1.326.376,32

59,15

1.150.988,35

53,12

1.047.372,64

64,67

IV. (Net worth own shares and participations)

 

 

 

 

 

 

V. Results from previous years

 

 

 

 

 

 

VI. Other loans from partners

 

 

 

 

 

 

VII. Exercise Result

182.895,71

8,16

175.387,97

8,09

103.615,71

6,40

VIII. (Interim dividend)

 

 

 

 

 

 

IX. Other net worth instruments

 

 

 

 

 

 

A-2) Value changes adjustments

 

 

 

 

 

 

A-3) Received legacies, grants and subventions

 

 

 

 

 

 

B) NON CURRENT LIABILITIES

1.404,60

0,06

2.463,23

0,11

2.342,89

0,14

I. Long term provisions

 

 

 

 

 

 

II. Long term debts

 

 

 

 

 

 

III. Long term debts with associated and affiliated companies

 

 

 

 

 

 

IV. Liabilities by deferred taxes

1.404,60

0,06

2.463,23

0,11

2.342,89

0,14

V. Long term periodifications

 

 

 

 

 

 

VI. Non current trade creditors

 

 

 

 

 

 

VII. Long term debts with special characteristics

 

 

 

 

 

 

C) CURRENT LIABILITIES

637.930,40

28,45

744.364,87

34,35

372.746,13

23,01

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

637.930,40

28,45

744.364,87

34,35

372.746,13

23,01

1. Suppliers

509.595,06

22,73

575.122,67

26,54

263.947,88

16,30

b) Short term suppliers

509.595,06

22,73

575.122,67

26,54

263.947,88

16,30

2. Other creditors

128.335,34

5,72

169.242,20

7,81

108.798,25

6,72

VI. Short term periodifications

 

 

 

 

 

 

VII. Short term debts with special characteristics

 

 

 

 

 

 

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

2.242.219,03

100,00

2.166.816,42

100,00

1.619.689,37

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

2.869.199,38

98,92

3.013.245,91

98,98

2.624.223,67

99,70

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

 

 

 

 

 

 

3. Works for its own assets

 

 

 

 

 

 

4. Supplies

-1.825.669,29

-62,94

-1.934.382,15

-63,54

-1.654.158,00

-62,84

5. Other operating income

31.451,28

1,08

31.059,67

1,02

8.016,78

0,30

6. Labour cost

-375.228,28

-12,94

-346.169,92

-11,37

-346.629,09

-13,17

7. Other operating costs

-487.812,68

-16,82

-524.297,46

-17,22

-477.817,72

-18,15

8. Amortization of fixed assets

-3.604,21

-0,12

 

 

-16.241,76

-0,62

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

 

 

 

 

 

 

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

208.336,20

7,18

239.456,05

7,87

137.393,88

5,22

14. Financial income

18.811,87

0,65

4.207,98

0,14

5.526,84

0,21

b) Other financial income

18.811,87

0,65

4.207,98

0,14

5.526,84

0,21

15. Financial expenses

-714,03

-0,02

 

 

-2.134,14

-0,08

16. Reasonable value variation on financial instruments

 

 

 

 

 

 

17. Exchange differences

1.558,81

0,05

-57,22

0,00

-137,69

-0,01

18. Deterioration and result for disposal of financial instruments

 

 

-1.830,00

-0,06

-2.951,67

-0,11

19. Other financial income and expenses

 

 

 

 

 

 

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

19.656,65

0,68

2.320,76

0,08

303,34

0,01

C) RESULT BEFORE TAXES (A + B)

227.992,85

7,86

241.776,81

7,94

137.697,22

5,23

20. Taxes on profits

-45.097,14

-1,55

-66.388,84

-2,18

-34.081,51

-1,29

D) EXERCISE RESULT (C + 20)

182.895,71

6,31

175.387,97

5,76

103.615,71

3,94

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

ISSUE PREMIUM

RESERVES

EXERCISE RESULT

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

36.060,00

57.552,00

935.509,72

111.862,92

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)

36.060,00

57.552,00

935.509,72

111.862,92

I. Total recognized income and expenses

 

 

 

103.615,71

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

111.862,92

-111.862,92

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

36.060,00

57.552,00

1.047.372,64

103.615,71

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)

36.060,00

57.552,00

1.047.372,64

103.615,71

I. Total recognized income and expenses

 

 

 

175.387,97

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

103.615,71

-103.615,71

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

36.060,00

57.552,00

1.150.988,35

175.387,97

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)

36.060,00

57.552,00

1.150.988,35

175.387,97

I. Total recognized income and expenses

 

 

 

182.895,71

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

175.387,97

-175.387,97

FINAL ACCOUNT BALANCE OF EXERCISE (2011)

36.060,00

57.552,00

1.326.376,32

182.895,71

NET WORTH CHANGES ( 2 /2)

TOTAL

 

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

1.140.984,64

 

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)

1.140.984,64

 

I. Total recognized income and expenses

103.615,71

 

II. Operations with partners or owners

 

 

III. Other net worth variations

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

1.244.600,35

 

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)

1.244.600,35

 

I. Total recognized income and expenses

175.387,97

 

II. Operations with partners or owners

 

 

III. Other net worth variations

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

1.419.988,32

 

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)

1.419.988,32

 

I. Total recognized income and expenses

182.895,71

 

II. Operations with partners or owners

 

 

III. Other net worth variations

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2011)

1.602.884,03

 

RATIOS

 

31/12/2011

(12)

 

CHANGE %

31/12/2010

(12)

 

CHANGE %

31/12/2009

(12)

 

BALANCE RATIOS

Working Capital (€)

1.583.393,77

11,84

1.415.749,55

14,32

1.238.411,24

Working capital ratio

0,71

9,23

0,65

-15,58

0,76

Soundness Ratio

76,71

-63,80

211,88

45,25

145,87

Average Collection Period (days)

113

-23,97

149

12,84

132

Average Payment Period (days)

99

-8,91

109

73,14

63

LIQUIDITY RATIOS

Current Ratio (%)

348,21

19,99

290,20

-32,86

432,24

Quick Ratio (%)

197,01

69,37

116,32

-28,44

162,56

DEBT RATIOS

Interest Coverage

291,78

 

 

-100,00

64,38

GENERAL AND ACTIVITIES RATIOS

Auto financing generated by sales (%)

6,50

11,68

5,82

27,35

4,57

Auto financing generated by Assets (%)

8,32

2,84

8,09

9,32

7,40

Breakdown Point

1,08

-0,92

1,09

2,83

1,06

Average Sales Volume per Employee

207.913,00

-7,68

225.205,23

15,85

194.386,94

Average Cost per Employee

27.190,46

5,10

25.872,19

0,76

25.676,23

Assets Turnover

1,28

-7,91

1,39

-14,20

1,62

Inventory Turnover (days)

12

36,00

9

-7,41

10

RESULTS RATIOS

Return on Assets (ROA) (%)

9,29

-15,93

11,05

30,31

8,48

Operating Profitability (%)

9,45

-14,48

11,05

16,44

9,49

Return on Equity (ROE) (%)

14,22

-16,50

17,03

53,98

11,06

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

0,93

28,42

-27,49

A) CURRENT ASSETS

99,07

71,58

27,49

LIABILITIES

A) NET WORTH

71,49

37,96

33,53

B) NON CURRENT LIABILITIES

0,06

13,88

-13,82

C) CURRENT LIABILITIES

28,45

48,16

-19,71

 

 

 

 

 

Results Analytical Account

Figures given in  %

 

COMPANY

(2011)

 

SECTOR

 

DIFFERENCE

 

Net Turnover

98,92

98,68

0,24

Other operating income

1,08

1,32

-0,24

OPERATING INCOME

100,00

100,00

0,00

Supplies

-62,94

-70,11

7,17

Variation in stocks of finished goods and work in progress

 

1,46

 

GROSS MARGIN

37,06

31,35

5,71

Other operating costs

-16,82

-15,93

-0,89

Labour cost

-12,94

-11,17

-1,77

GROSS OPERATING RESULT

7,31

4,25

3,06

Amortization of fixed assets

-0,12

-1,20

1,08

Deterioration and result for fixed assets disposal

 

0,05

 

Other expenses / income

 

0,15

 

NET OPERATING RESULT

7,18

3,24

3,94

Financial result

0,68

-0,95

1,63

RESULT BEFORE TAX

7,86

2,29

5,57

Taxes on profits

-1,55

-0,57

-0,98

RESULT COMING FROM CONTINUED OPERATIONS

6,31

1,72

4,59

Exercise result coming from discontinued operations net of taxes

 

0,00

 

NET RESULT

6,31

1,72

4,59

Amortization of fixed assets

-0,12

-1,20

1,08

Deterioration and provisions variation

-0,12

-0,02

-0,10

 

6,55

2,95

3,60

 

Main Ratios

Figures given in €

 

COMPANY

(2011)

 

PTILE25

 

PTILE50

 

PTILE75

 

BALANCE RATIOS

 

 

 

 

Working Capital (€)

1.583.393,77

242.278,78

550.316,38

1.096.136,20

Working capital ratio

0,71

0,08

0,24

0,40

Soundness Ratio

76,71

0,99

1,95

4,16

Average Collection Period (days)

113

28

72

114

Average Payment Period (days)

99

44

80

127

LIQUIDITY RATIOS

 

 

 

 

Current Ratio (%)

348,21

111,87

143,46

200,44

Quick Ratio (%)

197,01

8,37

20,67

39,44

DEBT RATIOS

 

 

 

 

Borrowing percentage (%)

 

7,99

20,94

43,45

External Financing Average Cost

 

0,04

0,06

0,10

Debt Service Coverage

 

0,12

2,91

13,35

Interest Coverage

291,78

1,25

2,97

7,12

GENERAL AND ACTIVITIES RATIOS

 

 

 

 

Auto financing generated by sales (%)

6,50

1,24

2,32

4,49

Auto financing generated by Assets (%)

8,32

1,90

3,90

6,88

Breakdown Point

1,08

1,01

1,03

1,05

Average Sales Volume per Employee

207.913,00

176.312,00

274.435,82

523.017,51

Average Cost per Employee

27.190,46

21.586,10

28.683,45

35.706,80

Assets Turnover

1,28

1,17

1,68

2,24

Inventory Turnover (days)

12

37

66

132

RESULTS RATIOS

 

 

 

 

Return on Assets (ROA) (%)

9,29

2,11

4,52

8,01

Operating Profitability (%)

9,45

3,44

6,63

10,02

Return on Equity (ROE) (%)

14,22

3,42

8,95

20,92

 

 

ADDITIONAL INFORMATION

 

---

 

ulted Sources

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.91

UK Pound

1

Rs.87.38

Euro

1

Rs.70.23

 

 

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%)

 

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.