MIRA
INFORM REPORT
|
Report Date : |
01.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
MOTUBE SA |
|
|
|
|
|
|
Registered Office : |
|
|
|
|
|
|
|
Country : |
|
|
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
|
|
Legal Form : |
Joint-stock Company |
|
|
|
|
|
|
Line of Business : |
|
|
|
|
|
|
|
No. of Employees : |
10 |
|
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
spain's mixed capitalist economy
is the 13th largest in the world, and its per capita income roughly matches
that of Germany and France. However, after almost 15 years of above average GDP
growth, the Spanish economy began to slow in late 2007 and entered into a
recession in the second quarter of 2008. GDP contracted by 3.7% in 2009, ending
a 16-year growth trend, and by another 0.1% in 2010, before turning positive in
2011, making Spain the last major economy to emerge from the global recession.
The reversal in Spain''s economic growth reflected a significant decline in
construction amid an oversupply of housing and falling consumer spending, while
exports actually have begun to grow. Government efforts to boost the economy
through stimulus spending, extended unemployment benefits, and loan guarantees
did not prevent a sharp rise in the unemployment rate, which rose from a low of
about 8% in 2007 to over 20% in 2011. The government budget deficit worsened
from 3.8% of GDP in 2008 to 9.2% of GDP in 2010, more than three times the euro-zone
limit. Madrid cut the deficit to 8.5% of GDP in 2011, a larger deficit than the
6% target negotiated between Spain and the EU. Spain''s large budget deficit
and poor economic growth prospects have made it vulnerable to financial
contagion from other highly-indebted euro zone members despite the
government''s efforts to cut spending, privatize industries, and boost
competitiveness through labor market reforms. Spanish banks'' high exposure to
the collapsed domestic construction and real estate market also poses a
continued risk for the sector. The government oversaw a restructuring of the
savings bank sector in 2010, and provided some $15 billion in capital to
various institutions. Investors remain concerned that Madrid may need to bail
out more troubled banks. The Bank of Spain, however, is seeking to boost
confidence in the financial sector by pressuring banks to come clean about
their losses and consolidate into stronger groups.
Source
: CIA
Company name
MOTUBE SA
CIF/NIF: A29950094
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: MOTUBE SA
Other names: YES
Current Address: AVENIDA DE EUROPA, 33
Telephone number: 952670722 Fax: 952670345
Corporate e-mail: motube@telefonica.net
Trade Risk
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2010): 10.701.481,31 (Mercantile Register)
Result: 107.163,75
Total Assets: 2.029.244,8
Share capital: 78.131,57
Employees: 10
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 03/03/1989
Activity: Wholesale of outfitter, lingerie, haberdashery
NACE 2009 CODE: 4642
International Operations: Exports
Corporate Structure
Sole Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2010
Latest act published in BORME: 06/07/2012 Appointments
Latest press article: No press articles registered
Bank Entities: There are
TRADE RISK
Financial situation
|
Exercise:2010 |
Evolution |
|||
|
Treasury |
Excellent |
|
|
|
|
Indebtedness |
Very slight |
|
|
|
|
Profitability |
Average |
|
|
|
|
Balance |
Excellent |
|
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
Rating Explanation
Financial situation
The companys financial situation is good.
The companys financial situation evolution has
been positive.
The sales evolution has been positive not
the results one, which has been negative.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is medium 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.
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
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 Crιdito 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 Crιdito 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
28/09/2012 08:09:14
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
|
|
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
91.765,64 |
4,52 |
100.909,52 |
5,15 |
103.433,96 |
5,22 |
|
B) CURRENT ASSETS |
1.937.479,16 |
95,48 |
1.860.164,55 |
94,85 |
1.878.025,25 |
94,78 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
1.362.241,36 |
67,13 |
1.255.077,61 |
64,00 |
1.123.718,58 |
56,71 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
667.003,44 |
32,87 |
705.996,46 |
36,00 |
857.740,63 |
43,29 |
Profit and loss account analysis
Figures given in
|
|
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
10.701.481,31 |
|
9.252.220,14 |
|
15.515.316,06 |
|
|
GROSS MARGIN |
615.475,59 |
5,75 |
602.502,15 |
6,51 |
647.466,04 |
4,17 |
|
EBITDA |
153.175,29 |
1,43 |
155.890,21 |
1,68 |
256.843,44 |
1,66 |
|
EBIT |
150.568,16 |
1,41 |
153.365,77 |
1,66 |
255.301,28 |
1,65 |
|
NET RESULT |
107.163,75 |
1,00 |
131.359,03 |
1,42 |
215.384,31 |
1,39 |
|
EFFECTIVE TAX RATE (%) |
15,00 |
0,00 |
15,00 |
0,00 |
15,00 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
4,52 |
31,41 |
-26,89 |
|
|
|
|
|
A) CURRENT ASSETS |
95,48 |
68,59 |
26,89 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
67,13 |
43,26 |
23,87 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
11,06 |
|
|
|
|
|
|
C) CURRENT LIABILITIES |
32,87 |
45,68 |
-12,81 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
98,79 |
1,21 |
|
|
|
|
|
GROSS MARGIN |
5,75 |
36,99 |
-31,24 |
|
|
|
|
|
EBITDA |
1,43 |
7,52 |
-6,09 |
|
|
|
|
|
EBIT |
1,41 |
5,32 |
-3,91 |
|
|
|
|
|
NET RESULT |
1,00 |
3,38 |
-2,38 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4642
Number of companies: 59
Size (sales figure): 7,000,000.00 - 40,000,000.00 Euros
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2010
Figures given in
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
107.163,75 |
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 |
107.163,75 |
Dividends |
0,00 |
|
|
|
Carry over and others |
107.163,75 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
107.163,75 |
ADDRESSES
Current Legal Seat Address:
AVENIDA DE EUROPA, 33
52006 MELILLA
Previous Seat Address:
AVENIDA DE EUROPA 9
52001 MELILLA
Characteristics of the current address
Type of establishment: store
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE ALVARO DE BAZAN, 9 |
52006 |
MELILLA |
Melilla |
|
CALLE ALVARO DE BAZAN, 9 |
52006 |
MELILLA |
Melilla |
|
CALLE ALVARO DE BAZAN, 9 |
52006 |
MELILLA |
Melilla |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
13/06/2012)
Operative Board Members : 2 (latest change: 12/01/2011)
Non-current positions : 4 (latest change: 08/05/2002)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
TUHAMI MOHAMED, MHAMED |
13/06/2012 |
|
|
|
|
|
POSITION |
NAME AND SURNAME |
|
Manager |
TUHAMI MOHAMED, M. HAMED |
|
Financial Manager |
TUHAMI MOHAMED, M. HAMED |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TUHAMI MOHAMED MHAMED |
|
Indef. |
OWN SOURCES |
03/08/2012 |
BUSINESS INFORMATION
Incorporation date: 03/03/1989
Code: 1613500
Activity: Wholesale of outfitter, lingerie, haberdashery
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: IMPORTACION. EXPORTACION, DISTRIBUCION Y VENTAS AL MAYOR
Y MENOR DE ARTICULOS DE CONFECCION, CALZADO Y FERRETERIA.
Activity description: COMERCIO AL MAYOR Y AL MENOR DE ROPA TEXTIL
PARA EL HOGAR Y PRENDAS DE VESTIR.
Latest employees figure: 10 (2012)
% of fixed employees: 100,00%
% of men: 90,91%
% of women: 9,09%
Employees evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
10 |
1 |
PURCHASES
National Distribution: 100%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
4220 |
AV. DE JUAN CARLOS I, 18-20 |
MELILLA |
Melilla |
|
BANCO POPULAR ESPAΡOL, S.A. |
0015 |
AV. JUAN CARLOS I REY, 14 |
MELILLA |
Melilla |
Brand name: GOLDRICE (Valid)
Type: JOINT Scope: NATIONAL Date: 07/04/2011
Brand name: GOLDEN BABY (Valid)
Type: JOINT Scope: NATIONAL Date: 03/03/2010
Brand name: ROYAL BABY (Valid)
Type: JOINT Scope: NATIONAL Date: 03/03/2010
Brand name: MOTUBE ROYAL SHIP (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 09/02/2010
Brand name: R. GARDEN (Valid)
Type: JOINT Scope: NATIONAL Date: 30/05/2008
LEGAL STRUCTURE
Constitution Data
Register Date: 03/03/1989
Legal form: Joint-stock Company
Share capital: 78.131,57
Paid-up capital: 78.131,57
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: 1 (Last: 15/07/1993)
Acts on administrators: 11 (Last: 06/07/2012, first:
15/07/1993)
Acts on capital: 0
Acts on creation: 0
Acts on filed accounts: 21 (Last: 21/09/2011, first:
18/10/1991)
Acts on identification: 2 (Last: 10/12/2009, first:
15/07/1993)
Acts on Information: 4 (Last: 29/12/2010, first:
15/07/1993)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
06/07/2012 |
286816 |
Melilla |
|
Resignations |
06/07/2012 |
286816 |
Melilla |
|
Annual Filed Accounts (2010) |
21/09/2011 |
576192 |
Melilla |
|
Modification of the Articles of Association |
29/12/2010 |
484259 |
Melilla |
|
Annual Filed Accounts (2009) |
28/09/2010 |
695419 |
Melilla |
|
Change of registered address |
10/12/2009 |
515310 |
Melilla |
|
Modification of the Articles of Association |
10/12/2009 |
515310 |
Melilla |
|
Annual Filed Accounts (2008) |
29/09/2009 |
550893 |
Melilla |
|
Annual Filed Accounts (2007) |
31/10/2008 |
1034043 |
Melilla |
|
Annual Filed Accounts (2006) |
23/08/2007 |
307239 |
Melilla |
Press articles
No press articles registered
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 06/09/2011.
SITUATION BALANCE-SHEET
Assets
Figures given in
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
91.765,64 |
4,52 |
100.909,52 |
5,15 |
103.433,96 |
5,22 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
15.216,50 |
0,75 |
15.917,26 |
0,81 |
18.441,70 |
0,93 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
76.549,14 |
3,77 |
84.992,26 |
4,33 |
84.992,26 |
4,29 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.937.479,16 |
95,48 |
1.860.164,55 |
94,85 |
1.878.025,25 |
94,78 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
1.452.458,38 |
71,58 |
609.626,73 |
31,09 |
538.562,23 |
27,18 |
|
III. Trade Debtors and other receivable
accounts |
465.018,97 |
22,92 |
1.050.863,91 |
53,59 |
924.534,27 |
46,66 |
|
1. Clients |
465.018,96 |
22,92 |
1.050.863,90 |
53,59 |
924.534,27 |
46,66 |
|
b) Clients for sales and
short term services rendering |
465.018,96 |
22,92 |
1.050.863,90 |
53,59 |
924.534,27 |
46,66 |
|
3. Other debtors |
0,01 |
0,00 |
0,01 |
0,00 |
|
|
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
672,54 |
0,03 |
|
|
100.000,00 |
5,05 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
19.329,27 |
0,95 |
199.673,91 |
10,18 |
314.928,75 |
15,89 |
|
TOTAL ASSETS (A + B) |
2.029.244,80 |
100,00 |
1.961.074,07 |
100,00 |
1.981.459,21 |
100,00 |
Net Worth and Liabilities
Figures given in
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
|
A) NET WORTH |
1.362.241,36 |
67,13 |
1.255.077,61 |
64,00 |
1.123.718,58 |
56,71 |
|
A-1) Equity |
1.362.241,36 |
67,13 |
1.255.077,61 |
64,00 |
1.123.718,58 |
56,71 |
|
I. Capital |
78.131,57 |
3,85 |
78.131,57 |
3,98 |
78.131,57 |
3,94 |
|
1. Authorized capital |
78.131,57 |
3,85 |
78.131,57 |
3,98 |
78.131,57 |
3,94 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
89.352,41 |
4,40 |
89.352,41 |
4,56 |
89.352,41 |
4,51 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
1.087.593,63 |
53,60 |
956.234,60 |
48,76 |
1.290.301,29 |
65,12 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
107.163,75 |
5,28 |
131.359,03 |
6,70 |
215.384,31 |
10,87 |
|
VIII. (Interim dividend) |
|
|
|
|
-549.451,00 |
-27,73 |
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
667.003,44 |
32,87 |
705.996,46 |
36,00 |
857.740,63 |
43,29 |
|
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 |
667.003,44 |
32,87 |
705.996,46 |
36,00 |
857.740,63 |
43,29 |
|
1. Suppliers |
648.791,96 |
31,97 |
664.899,80 |
33,90 |
731.143,57 |
36,90 |
|
b) Short term suppliers |
648.791,96 |
31,97 |
664.899,80 |
33,90 |
731.143,57 |
36,90 |
|
2. Other creditors |
18.211,48 |
0,90 |
41.096,66 |
2,10 |
126.597,06 |
6,39 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
2.029.244,80 |
100,00 |
1.961.074,07 |
100,00 |
1.981.459,21 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in
|
|
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
10.701.481,31 |
100,00 |
9.252.220,14 |
100,00 |
15.515.316,06 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-10.086.005,72 |
-94,25 |
-8.649.717,99 |
-93,49 |
-14.867.850,02 |
-95,83 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-315.120,31 |
-2,94 |
-333.959,78 |
-3,61 |
-261.164,83 |
-1,68 |
|
7. Other operating costs |
-147.179,99 |
-1,38 |
-112.652,16 |
-1,22 |
-128.924,81 |
-0,83 |
|
8. Amortization of fixed assets |
-2.607,13 |
-0,02 |
-2.524,44 |
-0,03 |
-1.542,16 |
-0,01 |
|
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 |
|
|
|
|
-532,96 |
0,00 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
150.568,16 |
1,41 |
153.365,77 |
1,66 |
255.301,28 |
1,65 |
|
14. Financial income |
3.696,39 |
0,03 |
3.972,91 |
0,04 |
3.699,11 |
0,02 |
|
b) Other financial income |
3.696,39 |
0,03 |
3.972,91 |
0,04 |
3.699,11 |
0,02 |
|
15. Financial expenses |
-19.746,43 |
-0,18 |
-11.616,67 |
-0,13 |
-2.321,23 |
-0,01 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
8.818,03 |
0,10 |
-3.285,86 |
-0,02 |
|
18. Deterioration and result for disposal of financial instruments |
-8.443,12 |
-0,08 |
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-24.493,16 |
-0,23 |
1.174,27 |
0,01 |
-1.907,98 |
-0,01 |
|
C) RESULT BEFORE TAXES (A + B) |
126.075,00 |
1,18 |
154.540,04 |
1,67 |
253.393,30 |
1,63 |
|
20. Taxes on profits |
-18.911,25 |
-0,18 |
-23.181,01 |
-0,25 |
-38.008,99 |
-0,24 |
|
D) EXERCISE RESULT (C + 20) |
107.163,75 |
1,00 |
131.359,03 |
1,42 |
215.384,31 |
1,39 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
Figures given in
|
NET WORTH CHANGES (1/3) |
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
|
|
215.384,31 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO
NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and
subventions |
|
|
|
|
IV. For actuarial profits and losses and
other adjustments |
|
|
|
|
V. Non-current assets and related
liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED
DIRECTLY TO NET WORTH (I + II + III + IV +V+VI+VII) |
|
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial
instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and
subventions |
|
|
|
|
XI. Non-current assets and related
liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS
ACCOUNT (VIII + IX + X + XI+ XII+ XIII) |
|
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A +
B + C) |
|
|
215.384,31 |
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
78.131,57 |
89.352,41 |
1.290.301,29 |
|
|
I. Adjustments by change of criteria in the
exercise (2007) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2008) |
78.131,57 |
89.352,41 |
1.290.301,29 |
|
|
I. Total recognized income and expenses |
|
|
|
215.384,31 |
|
II. Operations with partners or owners |
|
|
|
|
|
3. Other operations with partners or
owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
78.131,57 |
89.352,41 |
1.290.301,29 |
215.384,31 |
|
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) |
78.131,57 |
89.352,41 |
1.290.301,29 |
215.384,31 |
|
I. Total recognized income and expenses |
|
|
|
131.359,03 |
|
II. Operations with partners or owners |
|
|
|
|
|
3. Other operations with partners or
owners |
|
|
|
|
|
III. Other net worth variations |
|
|
-334.066,69 |
-215.384,31 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
78.131,57 |
89.352,41 |
956.234,60 |
131.359,03 |
|
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) |
78.131,57 |
89.352,41 |
956.234,60 |
131.359,03 |
|
I. Total recognized income and expenses |
|
|
|
107.163,75 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
131.359,03 |
-131.359,03 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
78.131,57 |
89.352,41 |
1.087.593,63 |
107.163,75 |
|
NET WORTH CHANGES ( 3 /3) |
(INTERIM DIVIDEND) |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
1.457.785,27 |
|
|
|
I. Adjustments by change of criteria in
the exercise (2007) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE
(2008) |
|
1.457.785,27 |
|
|
|
I. Total recognized income and expenses |
|
215.384,31 |
|
|
|
II. Operations with partners or owners |
-549.451,00 |
-549.451,00 |
|
|
|
3. Other operations with partners or
owners |
-549.451,00 |
-549.451,00 |
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-549.451,00 |
1.123.718,58 |
|
|
|
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) |
-549.451,00 |
1.123.718,58 |
|
|
|
I. Total recognized income and expenses |
|
131.359,03 |
|
|
|
II. Operations with partners or owners |
549.451,00 |
549.451,00 |
|
|
|
3. Other operations with partners or
owners |
549.451,00 |
549.451,00 |
|
|
|
III. Other net worth variations |
|
-549.451,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
|
1.255.077,61 |
|
|
|
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) |
|
1.255.077,61 |
|
|
|
I. Total recognized income and expenses |
|
107.163,75 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
|
1.362.241,36 |
|
|
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
1.270.475,72 |
10,08 |
1.154.168,09 |
13,12 |
1.020.284,62 |
|
Working capital ratio |
0,63 |
6,78 |
0,59 |
13,46 |
0,52 |
|
Soundness Ratio |
14,84 |
19,37 |
12,44 |
14,55 |
10,86 |
|
Average Collection Period (days) |
15 |
-62,28 |
41 |
90,00 |
22 |
|
Average Payment Period (days) |
23 |
-19,75 |
29 |
42,11 |
21 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
290,48 |
10,25 |
263,48 |
20,34 |
218,95 |
|
Quick Ratio (%) |
3,00 |
-89,39 |
28,28 |
-41,55 |
48,38 |
|
DEBT RATIOS |
|||||
|
Interest Coverage |
7,62 |
-42,20 |
13,20 |
-88,00 |
109,98 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
1,03 |
-28,97 |
1,45 |
3,57 |
1,40 |
|
Auto financing generated by Assets (%) |
5,41 |
-20,79 |
6,83 |
-37,63 |
10,95 |
|
Breakdown Point |
1,01 |
-0,98 |
1,02 |
0,00 |
1,02 |
|
Average Sales Volume per Employee |
1.272.471,02 |
34,92 |
943.141,71 |
-68,39 |
2.983.714,63 |
|
Average Cost per Employee |
37.469,72 |
10,07 |
34.042,79 |
-32,22 |
50.224,01 |
|
Assets Turnover |
5,27 |
11,65 |
4,72 |
-39,72 |
7,83 |
|
Inventory Turnover (days) |
52 |
105,71 |
25 |
94,44 |
13 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
7,42 |
-5,12 |
7,82 |
-39,33 |
12,88 |
|
Operating Profitability (%) |
7,55 |
-5,03 |
7,95 |
-38,66 |
12,96 |
|
Return on Equity (ROE) (%) |
9,26 |
-24,78 |
12,31 |
-45,41 |
22,55 |
SECTORIAL ANALYSIS
Balance Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
4,52 |
31,41 |
-26,89 |
|
A) CURRENT ASSETS |
95,48 |
68,59 |
26,89 |
|
LIABILITIES |
|||
|
A) NET WORTH |
67,13 |
43,26 |
23,87 |
|
B) NON CURRENT LIABILITIES |
|
11,06 |
|
|
C) CURRENT LIABILITIES |
32,87 |
45,68 |
-12,81 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,79 |
1,21 |
|
Other operating income |
|
1,21 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-94,25 |
-63,00 |
-31,25 |
|
Variation in stocks of finished goods and work
in progress |
|
-0,01 |
|
|
GROSS MARGIN |
5,75 |
36,99 |
-31,24 |
|
Other operating costs |
-1,38 |
-19,62 |
18,24 |
|
Labour cost |
-2,94 |
-10,58 |
7,64 |
|
GROSS OPERATING RESULT |
1,43 |
6,78 |
-5,35 |
|
Amortization of fixed assets |
-0,02 |
-1,63 |
1,61 |
|
Deterioration and result for fixed assets
disposal |
|
0,08 |
|
|
Other expenses / income |
|
0,09 |
|
|
NET OPERATING RESULT |
1,41 |
5,32 |
-3,91 |
|
Financial result |
-0,23 |
-0,75 |
0,52 |
|
RESULT BEFORE TAX |
1,18 |
4,56 |
-3,39 |
|
Taxes on profits |
-0,18 |
-1,18 |
1,00 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,00 |
3,38 |
-2,38 |
|
Exercise result coming from discontinued
operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,00 |
3,38 |
-2,38 |
|
Amortization of fixed assets |
-0,02 |
-1,63 |
1,61 |
|
Deterioration and provisions variation |
-0,02 |
-0,57 |
0,55 |
|
|
1,05 |
5,58 |
-4,53 |
Main Ratios
Figures given in
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
1.270.475,72 |
707.029,90 |
1.719.047,34 |
3.997.111,00 |
|
Working capital ratio |
0,63 |
0,09 |
0,23 |
0,38 |
|
Soundness Ratio |
14,84 |
0,92 |
1,75 |
3,08 |
|
Average Collection Period (days) |
15 |
38 |
81 |
111 |
|
Average Payment Period (days) |
23 |
41 |
67 |
93 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
290,48 |
113,61 |
144,54 |
189,67 |
|
Quick Ratio (%) |
3,00 |
6,89 |
13,77 |
44,20 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
|
14,99 |
25,99 |
53,91 |
|
External Financing Average Cost |
|
0,03 |
0,05 |
0,08 |
|
Debt Service Coverage |
|
0,99 |
4,13 |
11,09 |
|
Interest Coverage |
7,62 |
1,94 |
4,62 |
12,35 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
1,03 |
2,49 |
4,48 |
6,52 |
|
Auto financing generated by Assets (%) |
5,41 |
3,62 |
6,83 |
10,33 |
|
Breakdown Point |
1,01 |
1,02 |
1,05 |
1,08 |
|
Average Sales Volume per Employee |
1.272.471,02 |
184.990,32 |
360.681,11 |
599.858,71 |
|
Average Cost per Employee |
37.469,72 |
21.315,44 |
28.049,32 |
37.916,58 |
|
Assets Turnover |
5,27 |
1,16 |
1,49 |
2,21 |
|
Inventory Turnover (days) |
52 |
24 |
80 |
164 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
7,42 |
3,51 |
7,47 |
9,94 |
|
Operating Profitability (%) |
7,55 |
5,24 |
9,16 |
13,08 |
|
Return on Equity (ROE) (%) |
9,26 |
5,33 |
13,54 |
33,77 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.69 |
|
|
1 |
Rs.85.71 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 SCs 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.