MIRA INFORM REPORT

 

 

Report Date :

30.10.2012

 

IDENTIFICATION DETAILS

 

Name :

ELASTICOS FONT SL

 

 

Registered Office :

Calle Santo Domingo, 3 - 4, 7, Iz, 03005 Alicante/Alacant Alicante 

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

01.01.1927

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacturer of footwear

 

 

No. of Employees :

11 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but Correct

Litigation :

Clear

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Spain

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

spain - ECONOMIC OVERVIEW

 

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

 

Source : CIA

 

 

Company name

 

ELASTICOS FONT SL

CIF/NIF: B53178463

Company situation: Active

 Answer to the data in your request

The data of your request have been confirmed and are correct. Address

The address mentioned in your request is a branch

 

 

EXECUTIVE SUMMARY

   

Identification

Current Business Name: ELASTICOS FONT SL

Other names: NO

Current Address:  CALLE SANTO DOMINGO, 3 - 4, 7, IZ

03005 ALICANTE/ALACANT ALICANTE 

Branches:  3

Telephone number: 937521629 Fax: 937514791

URL:  www.elasticfont.com 

Corporate e-mail:  ferran@elasticfont.com 

 

Trade Risk

Incidents:  YES

R.A.I.:  NO

 

Financial Information

Balance sheet latest sales (2011):  318.853,64 € (Mercantile Register)

Result:  -6.214,18 €

Total Assets: 278.627,95 €

Share capital:  30.050,00 €

Employees:  11

Listed on a Stock Exchange: NO

 

Commercial Information

Incorporation date:  03/03/1997

Activity:  Mfg. of footwear        

NACE 2009 CODE: 1520

International Operations:  Imports and Exports

 

Corporate Structure

Sole Administrator: 

 FONT RAMENTOL, FERNANDO

 

Other Complementary Information

Latest filed accounts in the Mercantile Register: 2011

Latest act published in BORME:  13/09/2011 Annual Filed Accounts

Latest press article: No press articles registered for this company

Bank Entities:  There are

 

The date when this report was last updated is 25/10/2012.

The information contained in this report has been investigated and contrasted on 25/10/2012

 

Financial situation

Exercise:2011

 

Evolution            

 

Treasury

 

 

Excellent

 

 

Indebtedness

 

 

Average

 

 

Profitability

 

 

Unfavourable

 

 

Balance

 

 

Excellent

 

 

 

Performance

Incidents

Occasional

Business Trajectory

Acceptable

 

 

Rating Explanation

Financial situation

•          The company’s financial situation is normal.

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

•          The sales evolution and results has been negative.

Company Structure

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

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

•          The employees evolution has been positive.

Performance and Incidences

•          The available information indicates that the company does not have payment incidences.

•          He have detected 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

25/09/2012

  Reduction

12

•          New financial statements have been uploaded.

 

14/09/2012

  Equal

15

•          Variation in the rating system with regards to legal incidences information.

 

 

 

INCIDENTS

 

Summary

LEGAL ACTIONS: No legal actions registered

ADMINISTRATIVE CLAIMS: 1  ( Last:25/01/2010 )

 

 

 

With the Social Security:

0

 

With the Tax Authorities:

1

 

With Other Official bodies:

0

 

AFFECTED BY: No significant element.

  

Latest Administrative Claims

figures expressed in €

WITH THE TAX AUTHOITIES.

Seizures

DATE

ORGANIZATION

AMOUNT

25/01/2010

A.E.A.T. SERVICIO DE GESTION ECONOMICA

 

There are 1 administrative claims with Tax Authorities registered

  

Detail of the Latest Administrative Claims

figures expressed in €

Seizures

WITH THE TAX AUTHORITIES.

Phase: SEIZURE

Organization: A.E.A.T. SERVICIO DE GESTION ECONOMICA

Concept: Other debts

Date of the claim: 25/01/2010

Source: Published in the B.O.E. N. 028, on 02/02/2010, page 8.617

 

 

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

23/10/2012 08:10:56

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

31.872,21

11,44

33.892,21

16,62

49.846,21

22,99

B) CURRENT ASSETS

246.755,74

88,56

170.035,45

83,38

166.999,85

77,01

LIABILITIES

 

 

 

 

 

 

A) NET WORTH

107.220,71

38,48

95.434,89

46,80

94.175,59

43,43

B) NON CURRENT LIABILITIES

 

 

 

 

 

 

C) CURRENT LIABILITIES

171.407,24

61,52

108.492,77

53,20

122.670,47

56,57

 

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

318.853,64

 

357.148,69

 

285.436,11

 

GROSS MARGIN

229.197,10

71,88

259.689,56

72,71

218.652,00

76,60

EBITDA

-2.299,62

-0,72

34.081,95

9,54

-948,67

-0,33

EBIT

-4.319,62

-1,35

4.209,95

1,18

-3.972,67

-1,39

NET RESULT

-6.214,18

-1,95

1.259,30

0,35

-4.818,78

-1,69

 

 

COMPARATIVE SECTOR ANALYSIS

 

Values table

Figures expressed in %

 

COMPANY

(2011)

 

SECTOR

DIFFERENCE

BALANCE SHEET ANALYSIS: % on the total assets

 

 

 

ASSETS

A) NON CURRENT ASSETS

11,44

25,66

-14,22

A) CURRENT ASSETS

88,56

74,34

14,22

LIABILITIES

A) NET WORTH

38,48

35,48

3,00

B) NON CURRENT LIABILITIES

 

13,85

 

C) CURRENT LIABILITIES

61,52

50,67

10,85

 

 

 

 

 

COMPANY

(2011)

 

SECTOR

DIFFERENCE

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

 

 

 

SALES

100,00

99,33

0,67

GROSS MARGIN

71,88

45,44

26,44

EBITDA

-0,72

4,94

-5,66

EBIT

-1,35

2,57

-3,92

NET RESULT

-1,95

0,93

-2,88

 

Sector Composition

Compared sector (NACE 2009): 152

Number of companies: 618

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

 

 

OTHER DATA FROM THE ANNUAL FINANCIAL REPORT

 

Results Distribution

Source: annual financial report 2011

Figures given in €

DISTRIBUTION BASE

APPLICATION A

Profit and Loss Account Balance

-6.214,18

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

-6.214,18

Dividends

0,00

 

 

Carry over and others

-6.214,18

 

 

Compensation of previous exercises losses

0,00

 

 

Application total

-6.214,18

 

company ADDRESSES

   

Business address

Current Legal Seat Address: 

CALLE SANTO DOMINGO, 3 - 4, 7, IZ

03005 ALICANTE/ALACANT  ALICANTE

 Branches

STREET

POSTAL CODE

TOWN

PROVINCE

CALLE FEDERICO GARCIA LORCA, 50

03204

ELCHE/ELX

Alicante

CALLE GUIFRE, 175

08912

BADALONA

Barcelona

CALLE PONENT (PG IND DE BUVISA), 9

08338

PREMIA DE DALT

Barcelona

 

There are 3 branches registered

 

Former branches

STREET

POSTAL CODE

TOWN

PROVINCE

CALLE CERVANTES, 266

08912

BADALONA

Barcelona

There are 1 former branches registered

 

CORPORATE STRUCTURE

  

 

ADMINISTRATIVE LINKS

 

 Summary

Governing body : 1 member (latest change: 20/05/1997)

Operative Board Members : 1 (latest change: 25/10/2012)

 

Main Board members, Directors and Auditor

Governing body

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

SOLE ADMINISTRATOR

FONT RAMENTOL, FERNANDO

20/05/1997

 

 

 

There are 1 board members, directors and auditors registered

 

Functional Managers

POSITION

NAME AND SURNAME

Manager

FONT RAMENTOL, FERNANDO

 

 

FINANCIAL LINKS

 

Direct Shareholders

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

RAMENTOL PIYERA EULALIA

 

50,00

OWN SOURCES

25/10/2012

 

FONT RAMENTOL FERNANDO

 

50,00

OWN SOURCES

25/10/2012

There are 2 direct financial links through shareholders registered

 

POTENTIAL LINKS

   

Name Search in the Internet

Search Criterion: ”ELASTICOS FONT SL”

URL: www.guias11811.es

Elasticos Font en Elche | Teléfono  Información de contacto de Elasticos Font en Calle Federico Garcia Lorca, 50. Elche, Alicante. Información de ... ELASTICOS FONT S.L.. Textiles Materias. Work ...

URL: www.empresas.codigospostal.org

EMPRESAS Y NEGOCIOS EN CODIGO POSTAL 03204-Elche, 233  ELASTICOS-FONT-S.L. - ELECTRICIDAD-MATEU - ELECTRICIDAD-QUIRANT - Electro-Maquinaria-Ilicitana-S.L. - ELIG-PINTURAS-Y-ESMALTES-S.-L.

URL: www.boe.es

BOLETÍN OFICIAL DEL REGISTRO MERCANTIL - Boe  13 Sep 2011 ... 499422 - ELASTICOS FONT SL(2010). 499423 - ELECTRICIDAD BENILUZ SL( 2010). 499424 - ELECTRICIDAD LA CRUZ SL(2010). 499425

 

 

BUSINESS INFORMATION

 

Constitution

Incorporation date: 03/03/1997

 

Origin / Establishment

Establishment date: 01/01/1927

 

Activity

Activity: Mfg. of footwear

NACE 2009 CODE: 1520

NACE 2009 Activity: Manufacture of footwear

Business: FABRICACION DE CALZADO

Activity description: Fabricacion y comercializacion de componentes para la fabricacion de calzado.

 

Employees

Latest employees figure: 11 (2012)

% of fixed employees: 100,00%

 

 

Employees evolution

 

 

 

 

COMMERCIAL OPERATIONS

 

PURCHASES

Import Percentage: 60%

Imports from: ASIA

National Distribution: 40%

SALES

Export Percentage: 20%

Exports to: CEE

National Distribution: 80%

 

CLIENTS

BUSINESS NAME

INTERNATIONAL

DECATHLON

NO

There are 1 Clients

 

 

Banks

ENTITY

BRANCH

ADDRESS

TOWN OR CITY

PROVINCE

BANCO POPULAR ESPAŃOL, S.A.

 

 

BADALONA

 

There are 1 bank entities registered

 

 

LEGAL STRUCTURE

 

Constitution Data

Register Date: 03/03/1997

Register town: Alicante

Announcement number: 153604

Share capital: 30.050,61 €

 

Current structure data

Legal form: Limited Liability Company

Share capital: 30.050,00 €

 

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: 1 (Last: 20/05/1997)

  Acts on capital: 2 (Last: 21/07/2008, first: 17/07/2008)

  Acts on creation: 1 (Last: 20/05/1997)

  Acts on filed accounts: 14 (Last: 13/09/2011, first: 19/10/1998)

  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)

13/09/2011

499422

Alicante

Annual Filed Accounts (2009)

06/09/2010

447066

Alicante

Annual Filed Accounts (2008)

21/12/2009

1030999

Alicante

Annual Filed Accounts (2007)

27/08/2008

331477

Alicante

Annual Filed Accounts (2006)

28/07/2008

217813

Alicante

Annual Filed Accounts (2005)

28/07/2008

217698

Alicante

Capital reduction (IA)

21/07/2008

354291

Alicante

Capital enlargement (IA)

17/07/2008

350526

Alicante

Annual Filed Accounts (2004)

14/12/2005

1026720

Alicante

Annual Filed Accounts (2003)

12/01/2005

20799

Alicante

There are 18 acts registered

 

Press articles

No press articles registered for this company

 

 

FINANCIAL INFORMATION

 

The information on the last Individual Filed Accounts contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 25/09/2012.

 

SITUATION BALANCE-SHEET

 

Assets

Figures given in €

 

31/12/2011

(12)

 

%

ASSETS

 

31/12/2010

(12)

 

%

ASSETS

 

31/12/2009

(12)

 

%

ASSETS

 

A) NON CURRENT ASSETS

31.872,21

11,44

33.892,21

16,62

49.846,21

22,99

I. Intangible assets

 

 

 

 

 

 

II. Tangible fixed assets

31.872,21

11,44

33.892,21

16,62

49.846,21

22,99

III. Real-estate investments

 

 

 

 

 

 

IV. Long term investments in associated and affiliated companies

 

 

 

 

 

 

V. Long Term Financial Investments

 

 

 

 

 

 

VI. Assets by deferred taxes

 

 

 

 

 

 

VII. Non current commercial debts

 

 

 

 

 

 

B) CURRENT ASSETS

246.755,74

88,56

170.035,45

83,38

166.999,85

77,01

I. Non-current assets maintained for sale

 

 

 

 

 

 

II. Stocks

144.831,10

51,98

82.624,00

40,52

80.088,00

36,93

III. Trade Debtors and other receivable accounts

83.416,85

29,94

67.121,80

32,91

72.674,86

33,51

1. Clients

82.028,61

29,44

66.968,79

32,84

72.528,31

33,45

   b) Clients for sales and short term services rendering

82.028,61

29,44

66.968,79

32,84

72.528,31

33,45

3. Other debtors

1.388,24

0,50

153,01

0,08

146,55

0,07

IV. Short term investments in associated and affiliated companies

 

 

 

 

 

 

V. Short term financial investments

 

 

 

 

 

 

VI. Short term periodifications

 

 

 

 

 

 

VII. Cash and equivalents

18.507,79

6,64

20.289,65

9,95

14.236,99

6,57

TOTAL ASSETS (A + B)

278.627,95

100,00

203.927,66

100,00

216.846,06

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

107.220,71

38,48

95.434,89

46,80

94.175,59

43,43

A-1) Equity

107.220,71

38,48

95.434,89

46,80

94.175,59

43,43

I. Capital

30.050,00

10,78

30.050,00

14,74

30.050,00

13,86

1. Authorized capital

30.050,00

10,78

30.050,00

14,74

30.050,00

13,86

II. Issue premium

 

 

 

 

 

 

III. Reserves

60.325,15

21,65

60.325,15

29,58

60.325,15

27,82

IV. (Net worth own shares and participations)

 

 

 

 

 

 

V. Results from previous years

-56.440,26

-20,26

-57.699,56

-28,29

-52.880,78

-24,39

VI. Other loans from partners

79.500,00

28,53

61.500,00

30,16

61.500,00

28,36

VII. Exercise Result

-6.214,18

-2,23

1.259,30

0,62

-4.818,78

-2,22

VIII. (Interim dividend)

 

 

 

 

 

 

IX. Other net worth instruments

 

 

 

 

 

 

A-2) Value changes adjustments

 

 

 

 

 

 

A-3) Received legacies, grants and subventions

 

 

 

 

 

 

B) NON CURRENT LIABILITIES

 

 

 

 

 

 

I. Long term provisions

 

 

 

 

 

 

II. Long term debts

 

 

 

 

 

 

III. Long term debts with associated and affiliated companies

 

 

 

 

 

 

IV. Liabilities by deferred taxes

 

 

 

 

 

 

V. Long term periodifications

 

 

 

 

 

 

VI. Non current trade creditors

 

 

 

 

 

 

VII. Long term debts with special characteristics

 

 

 

 

 

 

C) CURRENT LIABILITIES

171.407,24

61,52

108.492,77

53,20

122.670,47

56,57

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

 

 

 

 

 

 

II. Short term provisions

 

 

 

 

 

 

III. Short term debts

992,73

0,36

 

 

 

 

3. Other short term debts

992,73

0,36

 

 

 

 

IV. Short term debts with associated and affiliated companies

 

 

 

 

 

 

V. Trade creditors and other payable accounts

170.414,51

61,16

108.492,77

53,20

122.670,47

56,57

1. Suppliers

112.786,32

40,48

98.207,26

48,16

105.871,17

48,82

   b) Short term suppliers

112.786,32

40,48

98.207,26

48,16

105.871,17

48,82

2. Other creditors

57.628,19

20,68

10.285,51

5,04

16.799,30

7,75

VI. Short term periodifications

 

 

 

 

 

 

VII. Short term debts with special characteristics

 

 

 

 

 

 

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

278.627,95

100,00

203.927,66

100,00

216.846,06

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

318.853,64

100,00

357.148,69

100,00

285.436,11

100,00

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

 

 

 

 

 

 

3. Works for its own assets

 

 

 

 

 

 

4. Supplies

-89.656,54

-28,12

-97.459,13

-27,29

-66.784,11

-23,40

5. Other operating income

 

 

 

 

 

 

6. Labour cost

-139.626,03

-43,79

-123.812,81

-34,67

-123.526,05

-43,28

7. Other operating costs

-91.870,69

-28,81

-101.794,80

-28,50

-96.074,62

-33,66

8. Amortization of fixed assets

-2.020,00

-0,63

-29.872,00

-8,36

-3.024,00

-1,06

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)

-4.319,62

-1,35

4.209,95

1,18

-3.972,67

-1,39

14. Financial income

0,01

0,00

255,91

0,07

32,07

0,01

b) Other financial income

0,01

0,00

255,91

0,07

32,07

0,01

15. Financial expenses

-1.894,57

-0,59

-2.418,61

-0,68

-878,18

-0,31

16. Reasonable value variation on financial instruments

 

 

 

 

 

 

17. Exchange differences

 

 

-787,95

-0,22

 

 

18. Deterioration and result for disposal of financial instruments

 

 

 

 

 

 

19. Other financial income and expenses

 

 

 

 

 

 

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

-1.894,56

-0,59

-2.950,65

-0,83

-846,11

-0,30

C) RESULT BEFORE TAXES (A + B)

-6.214,18

-1,95

1.259,30

0,35

-4.818,78

-1,69

20. Taxes on profits

 

 

 

 

 

 

D) EXERCISE RESULT (C + 20)

-6.214,18

-1,95

1.259,30

0,35

-4.818,78

-1,69

 

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

OTHER LOANS FROM PARTNERS

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

30.050,00

58.041,31

-49.191,68

57.500,00

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)

30.050,00

58.041,31

-49.191,68

57.500,00

I. Total recognized income and expenses

 

 

 

 

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

2.283,84

-3.689,10

4.000,00

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

30.050,00

60.325,15

-52.880,78

61.500,00

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)

30.050,00

60.325,15

-52.880,78

61.500,00

I. Total recognized income and expenses

 

 

 

 

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

-4.818,78

 

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

30.050,00

60.325,15

-57.699,56

61.500,00

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)

30.050,00

60.325,15

-57.699,56

61.500,00

I. Total recognized income and expenses

 

 

 

 

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

 

1.259,30

18.000,00

FINAL ACCOUNT BALANCE OF EXERCISE (2011)

30.050,00

60.325,15

-56.440,26

79.500,00

NET WORTH CHANGES ( 2 /2)

EXERCISE RESULT

TOTAL

 

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

-1.405,26

94.994,37

 

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)

-1.405,26

94.994,37

 

I. Total recognized income and expenses

-4.818,78

-4.818,78

 

II. Operations with partners or owners

 

 

 

III. Other net worth variations

1.405,26

4.000,00

 

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

-4.818,78

94.175,59

 

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)

-4.818,78

94.175,59

 

I. Total recognized income and expenses

1.259,30

1.259,30

 

II. Operations with partners or owners

 

 

 

III. Other net worth variations

4.818,78

 

 

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

1.259,30

95.434,89

 

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)

1.259,30

95.434,89

 

I. Total recognized income and expenses

-6.214,18

-6.214,18

 

II. Operations with partners or owners

 

 

 

III. Other net worth variations

-1.259,30

18.000,00

 

FINAL ACCOUNT BALANCE OF EXERCISE (2011)

-6.214,18

107.220,71

 

 

RATIOS

 

31/12/2011

(12)

 

CHANGE %

31/12/2010

(12)

 

CHANGE %

31/12/2009

(12)

 

BALANCE RATIOS

Working Capital (€)

75.348,50

22,43

61.542,68

38,83

44.329,38

Working capital ratio

0,27

-10,00

0,30

50,00

0,20

Soundness Ratio

3,36

19,15

2,82

49,21

1,89

Average Collection Period (days)

94

39,36

68

-26,27

92

Average Payment Period (days)

338

72,61

196

-27,76

271

LIQUIDITY RATIOS

Current Ratio (%)

143,96

-8,15

156,72

15,12

136,14

Quick Ratio (%)

10,80

-42,25

18,70

61,07

11,61

DEBT RATIOS

Borrowing percentage (%)

0,36

 

 

 

 

External Financing Average Cost

1,91

 

 

 

 

Debt Service Coverage

-0,24

 

 

 

 

Interest Coverage

-2,28

-231,03

1,74

138,50

-4,52

GENERAL AND ACTIVITIES RATIOS

Auto financing generated by sales (%)

-1,32

-115,02

8,72

1.484,13

-0,63

Auto financing generated by Assets (%)

-1,50

-109,82

15,27

1.939,76

-0,83

Breakdown Point

0,99

-1,98

1,01

2,02

0,99

Average Sales Volume per Employee

63.770,73

-10,72

71.429,74

-24,93

95.145,37

Average Cost per Employee

27.925,21

12,77

24.762,56

-39,86

41.175,35

Assets Turnover

1,14

-34,86

1,75

32,58

1,32

Inventory Turnover (days)

581

90,45

305

-29,27

432

RESULTS RATIOS

Return on Assets (ROA) (%)

-1,55

-175,24

2,06

212,57

-1,83

Operating Profitability (%)

-0,82

-104,91

16,71

3.897,73

-0,44

Return on Equity (ROE) (%)

-5,80

-539,39

1,32

125,78

-5,12

 

 

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

11,44

25,66

-14,22

A) CURRENT ASSETS

88,56

74,34

14,22

LIABILITIES

A) NET WORTH

38,48

35,48

3,00

B) NON CURRENT LIABILITIES

 

13,85

 

C) CURRENT LIABILITIES

61,52

50,67

10,85

 

 

 

 

 

Results Analytical Account

Figures given in  %

 

COMPANY

(2011)

 

SECTOR

 

DIFFERENCE

 

Net Turnover

100,00

99,33

0,67

Other operating income

 

0,67

 

OPERATING INCOME

100,00

100,00

0,00

Supplies

-28,12

-54,84

26,72

Variation in stocks of finished goods and work in progress

 

0,28

 

GROSS MARGIN

71,88

45,44

26,44

Other operating costs

-28,81

-15,51

-13,30

Labour cost

-43,79

-25,57

-18,22

GROSS OPERATING RESULT

-0,72

4,36

-5,08

Amortization of fixed assets

-0,63

-2,44

1,81

Deterioration and result for fixed assets disposal

 

0,07

 

Other expenses / income

 

0,58

 

NET OPERATING RESULT

-1,35

2,57

-3,92

Financial result

-0,59

-1,33

0,74

RESULT BEFORE TAX

-1,95

1,23

-3,18

Taxes on profits

 

-0,31

 

RESULT COMING FROM CONTINUED OPERATIONS

-1,95

0,93

-2,88

Exercise result coming from discontinued operations net of taxes

 

0,00

 

NET RESULT

-1,95

0,93

-2,88

Amortization of fixed assets

-0,63

-2,44

1,81

Deterioration and provisions variation

-0,63

0,07

-0,70

 

-0,68

3,30

-3,98

 

Main Ratios

Figures given in €

 

COMPANY

(2011)

 

PTILE25

 

PTILE50

 

PTILE75

 

BALANCE RATIOS

 

 

 

 

Working Capital (€)

75.348,50

6.666,81

53.177,69

156.367,84

Working capital ratio

0,27

0,03

0,20

0,40

Soundness Ratio

3,36

0,71

1,53

3,67

Average Collection Period (days)

94

33

62

107

Average Payment Period (days)

338

81

127

192

LIQUIDITY RATIOS

 

 

 

 

Current Ratio (%)

143,96

104,46

133,74

207,43

Quick Ratio (%)

10,80

6,36

21,19

56,41

DEBT RATIOS

 

 

 

 

Borrowing percentage (%)

0,36

2,35

20,98

43,16

External Financing Average Cost

1,91

0,04

0,07

0,13

Debt Service Coverage

-0,24

0,00

2,55

8,42

Interest Coverage

-2,28

1,12

1,78

5,56

GENERAL AND ACTIVITIES RATIOS

 

 

 

 

Auto financing generated by sales (%)

-1,32

1,54

3,06

5,57

Auto financing generated by Assets (%)

-1,50

2,28

4,80

7,93

Breakdown Point

0,99

1,01

1,02

1,05

Average Sales Volume per Employee

63.770,73

46.429,32

69.383,40

102.296,67

Average Cost per Employee

27.925,21

15.487,31

18.029,11

20.952,06

Assets Turnover

1,14

0,99

1,50

2,14

Inventory Turnover (days)

581

37

117

247

RESULTS RATIOS

 

 

 

 

Return on Assets (ROA) (%)

-1,55

1,69

4,07

6,51

Operating Profitability (%)

-0,82

4,19

7,32

11,40

Return on Equity (ROE) (%)

-5,80

2,39

7,10

16,40

 

 

ADDITIONAL INFORMATION

 

Consulted Sources

Central Mercantile Register

Mercantile Registrars

Tax Administration / VIES Consultation

Tax Administration / Consultation by NIF

Telephone directory: PÁGINAS AMARILLAS

Telephone directory: PÁGINAS BLANCAS

This company has been consulted was last displayed on 09/07/2012, 0 times in the last quarter and 155 total times.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.81

UK Pound

1

Rs.86.52

Euro

1

Rs.69.50

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

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

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

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

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