MIRA
INFORM REPORT
|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
COFERPIEL SL |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
01.01.1985 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Leather industry: travel accesories |
|
|
|
|
No. of Employees : |
07 employees |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
COFERPIEL SL
CIF/NIF: B11631660
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: COFERPIEL SL
Commercial name: PRADEN’S; PIELPERLA
Other names: YES
Current Address: POLIGONO VENTILLA, 12
Telephone number: 956723454 Fax: 956723683
URL: www.coferpiel.com
Corporate e-mail: coferpiel@coferpiel.com
Trade Risk
Incidents: NO
R.A.I.: NO
Financial Information
Latest sales known (2011): 1.000.000,00
€ (Estimated)
Balance sheet latest sales (2010): 796.094,85 € (Mercantile Register)
Result: 21.788,38 €
Total Assets: 1.125.339,42 €
Share capital: 3.005,06 €
Employees: 7
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 13/06/1990
Activity: Leather industry: travel accesories
NACE 2009 CODE: 1512
International Operations: Imports and
Exports
Corporate Structure
Sole Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2010
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 06/09/2012.
The information contained in this report has been investigated and
contrasted on 06/09/2012
Financial situation
|
Exercise:2010 |
Evolution |
|||
|
Treasury |
|
Good |
|
|
|
Indebtedness |
|
Average |
|
|
|
Profitability |
|
Average |
|
|
|
Balance |
|
Average |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Superior |
Rating Explanation
Financial situation
•
The company’s financial situation is normal.
•
The company’s financial situation evolution has
been positive.
•
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 very
small depending on its sales volume.
•
The employees evolution has been stable.
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.
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered .
ADMINISTRATIVE CLAIMS: No administrative claims registered .
AFFECTED BY: No significant element.
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
03/09/2012 09:09:31
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 |
429.951,22 |
38,21 |
451.614,24 |
45,32 |
487.365,48 |
48,70 |
|
B) CURRENT ASSETS |
695.388,20 |
61,79 |
544.987,71 |
54,68 |
513.293,51 |
51,30 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
422.989,51 |
37,59 |
403.666,75 |
40,50 |
385.381,72 |
38,51 |
|
B) NON CURRENT LIABILITIES |
99.512,39 |
8,84 |
112.155,59 |
11,25 |
141.620,03 |
14,15 |
|
C) CURRENT LIABILITIES |
602.837,52 |
53,57 |
480.779,61 |
48,24 |
473.657,24 |
47,33 |
Profit and loss
account analysis
Figures given in €
|
|
2011 ESTIMATED |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
1.000.000,00 |
796.094,85 |
|
860.623,24 |
|
|
GROSS MARGIN |
|
332.375,17 |
41,75 |
311.513,80 |
36,20 |
|
EBITDA |
|
67.485,46 |
8,48 |
75.338,03 |
8,75 |
|
EBIT |
|
39.352,44 |
4,94 |
44.748,41 |
5,20 |
|
NET RESULT |
|
21.788,38 |
2,74 |
20.750,65 |
2,41 |
|
EFFECTIVE TAX RATE (%) |
|
25,07 |
0,00 |
25,20 |
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 |
38,21 |
32,58 |
5,63 |
|
|
|
|
|
A) CURRENT ASSETS |
61,79 |
67,42 |
-5,63 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
37,59 |
42,43 |
-4,84 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
8,84 |
15,40 |
-6,56 |
|
|
|
|
|
C) CURRENT LIABILITIES |
53,57 |
42,17 |
11,40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
99,57 |
98,99 |
0,58 |
|
|
|
|
|
GROSS MARGIN |
41,57 |
46,84 |
-5,27 |
|
|
|
|
|
EBITDA |
8,44 |
5,16 |
3,28 |
|
|
|
|
|
EBIT |
4,92 |
2,63 |
2,29 |
|
|
|
|
|
NET RESULT |
2,73 |
0,96 |
1,76 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 1512
Number of companies: 150
Size (sales figure): 0 - 2,800,000.00 Euros
OTHER DATA FROM
THE ANNUAL FINANCIAL REPORT
Results
Distribution
Source: annual financial report 2010
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
21.788,38 |
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 |
21.788,38 |
|
Total of Amounts to be distributed |
21.788,38 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
21.788,38 |
company
ADDRESSES
Current Legal Seat Address:
POLIGONO VENTILLA, 12
11660 PRADO DEL REY CÁDIZ
Previous Seat Address:
CALLE JAZMIN 3
11660 PRADO
DEL REY CÁDIZ
Characteristics of
the current address
Type of establishment: store
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE DOCTOR FLEMING, S/N |
11660 |
PRADO DEL REY |
Cádiz |
There are 1 former branches registered .
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
Governing body : 1 member (latest change:
28/10/1998)
Operative Board Members : 6 (latest change: 30/05/2012)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
COZAR FERNANDEZ, JOSE |
28/10/1998 |
|
|
|
|
There are 1 board members, directors and auditors registered .
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
COZAR FERNANDEZ, JOSE |
|
Financial Manager |
ASTETE ESCORZA, ANTONIO |
|
Production Director |
COZAR FERNANDEZ, JUAN |
|
Commercial Director |
COZAR FERNANDEZ, JOSE |
|
Exports Director |
COZAR FERNANDEZ, JOSE |
|
Imports Director |
ASTETE ESCORZA, ANTONIO |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
COZAR FERNANDEZ JOSE |
|
50,00 |
OWN SOURCES |
06/09/2012 |
|
|
COZAR FERNANDEZ JUAN |
|
50,00 |
OWN SOURCES |
06/09/2012 |
There are 2 direct financial links through shareholders
registered .
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”JOSE COZAR FERNANDEZ”
|
COMPANY |
POSITION |
PROVINCE |
|
JOMAHERCO SL |
Administrador Único |
MADRID |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”COFERPIEL SL”
URL: www.coferpiel.com
Coferpiel SL - Empresa dedicada a la Fabricación y ... Empresa
dedicada a la Fabricacion y Comercializacion de Marroquineria, Complementos y
Bolsos en Piel. Nos encontramos en Prado del Rey.
BUSINESS INFORMATION
Incorporation date: 13/06/1990
Establishment date: 01/01/1985
Activity: Leather industry: travel accesories
NACE 2009 CODE: 1512
NACE 2009 Activity: Manufacture of luggage, handbags and the like,
saddlery and harness
Business: FABRICACION Y COMERCIALIZACION DE ARTICULOS DE
PIEL.
(Enlargement)* LA FABRICACION Y COMERCIALIZACION DE ARTICULOS DE PIEL,
MARROQUINERIA, VIAJE Y AFINES. * COMERCIO AL POR MAYOR DE CEREALES, SIMIENTES
PLANTAS, ABONOS, SUSTANCIAS FERTILIZANTES, PLAGUICIDAS, ANIMALES VIVOS, TABACO
EN RA
Latest employees figure: 7 (2012)
% of fixed employees: 71,43%
% of temporary employees: 28,57%
% of men: 71,43%
% of women: 28,57%
Employees
evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
5 |
2 |
PURCHASES
Imports from: INDIA
SALES
Exports to: REINO UNIDO, FRANCIA
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAIXABANK, S.A. |
5091 |
PL. DE LA CONSTITUCION, 8 |
PRADO DEL REY |
Cádiz |
|
UNICAJA BANCO, S.A. |
0640 |
PL. DE LA CONSTITUCION, 2 |
PRADO DEL REY |
Cádiz |
|
BANCO POPULAR ESPAÑOL, S.A. |
3045 |
INGENIERO RUIZ MARTINEZ, 30 Y 32 |
UBRIQUE |
Cádiz |
There are 3 bank entities registered .
Brand name: FABIA (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 07/04/2011
Brand name: MB MARCO BRUNETTI (Valid)
Type: JOINT Scope: NATIONAL Date: 15/01/2002
Brand name: COFERPIEL (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 28/02/2001
Brand name: PRADEN’S (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 28/02/2001
Brand name: PIELPERLA (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 28/02/2001
There are 11 brands, signs and commercial names .
LEGAL STRUCTURE
Constitution Data
Register Date: 13/06/1990
Register town: Cádiz
Announcement number: 122392
Share capital: 3.005,06 €
Legal form: Limited Liability Company
Share capital: 3.005,06 €
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: 04/11/2009)
Acts on administrators: 3 (Last: 28/10/1998, first:
17/09/1990)
Acts on capital: 0
Acts on creation: 1 (Last: 17/09/1990)
Acts on filed accounts: 21 (Last: 13/09/2011, first:
10/09/1991)
Acts on identification: 1 (Last: 20/07/2005)
Acts on Information: 1 (Last: 28/10/1998)
Latest acts in
B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2010) |
13/09/2011 |
503488 |
Cádiz |
|
|
|
Filed Accounts date: August from 2011 Exercise to which the accounts belong: 2010 Filed Accounts type: Individual Filed accounts available online: DOWNLOAD (+1.0 unit) ZIPThis
product is out of the fee for OPEN contracts61051892010PDFThis product is out
of the fee for OPEN contracts61051892010TIFFThis product is out of the fee
for OPEN contracts61051892010 Publication Data:
Register Cádiz, Gazette 174, Page 48725, Announcement 503488 (13/09/2011) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2009) |
27/09/2010 |
680339 |
Cádiz |
|
Registered activity enlargement |
04/11/2009 |
461557 |
Cádiz |
|
Annual Filed Accounts (2008) |
14/09/2009 |
407538 |
Cádiz |
|
Annual Filed Accounts (2007) |
01/09/2008 |
364846 |
Cádiz |
|
Annual Filed Accounts (2006) |
14/09/2007 |
512010 |
Cádiz |
|
Annual Filed Accounts (2005) |
15/09/2006 |
458863 |
Cádiz |
|
Annual Filed Accounts (2004) |
14/10/2005 |
728296 |
Cádiz |
|
Change of registered address |
20/07/2005 |
326052 |
Cádiz |
|
Annual Filed Accounts (2003) |
08/10/2004 |
568750 |
Cádiz |
There are 28 acts registered .
Press articles
No press articles registered for this company .
Complementary
Information
Financial Information
El balance cerrado a 31/12/2009 (Deposito 2009) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
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 20/09/2011.
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 |
429.951,22 |
38,21 |
451.614,24 |
45,32 |
487.365,48 |
48,70 |
|
I. Intangible assets |
1.102,50 |
0,10 |
1.102,50 |
0,11 |
|
|
|
II. Tangible fixed assets |
425.548,72 |
37,82 |
448.911,74 |
45,04 |
1.102,50 |
0,11 |
|
III. Real-estate investments |
|
|
|
|
478.915,15 |
47,86 |
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
3.300,00 |
0,29 |
1.600,00 |
0,16 |
7.347,83 |
0,73 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
695.388,20 |
61,79 |
544.987,71 |
54,68 |
513.293,51 |
51,30 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
42.853,28 |
3,81 |
32.201,30 |
3,23 |
53.302,42 |
5,33 |
|
III. Trade Debtors and other receivable accounts |
627.775,63 |
55,79 |
460.675,21 |
46,22 |
422.960,55 |
42,27 |
|
1. Clients |
622.104,91 |
55,28 |
460.675,21 |
46,22 |
401.243,85 |
40,10 |
|
b) Clients for sales and short term services
rendering |
622.104,91 |
55,28 |
460.675,21 |
46,22 |
401.243,85 |
40,10 |
|
3. Other debtors |
5.670,72 |
0,50 |
|
|
21.716,70 |
2,17 |
|
IV. Short term investments in associated and affiliated companies |
|
|
41,39 |
0,00 |
|
|
|
V. Short term financial investments |
41,39 |
0,00 |
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
24.717,90 |
2,20 |
52.069,81 |
5,22 |
37.030,54 |
3,70 |
|
TOTAL ASSETS (A + B) |
1.125.339,42 |
100,00 |
996.601,95 |
100,00 |
1.000.658,99 |
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 |
422.989,51 |
37,59 |
403.666,75 |
40,50 |
385.381,72 |
38,51 |
|
A-1) Equity |
353.130,26 |
31,38 |
331.341,88 |
33,25 |
310.591,23 |
31,04 |
|
I. Capital |
3.005,06 |
0,27 |
3.005,06 |
0,30 |
3.005,06 |
0,30 |
|
1. Authorized capital |
3.005,06 |
0,27 |
3.005,06 |
0,30 |
3.005,06 |
0,30 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
328.336,82 |
29,18 |
307.586,17 |
30,86 |
281.532,41 |
28,13 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
21.788,38 |
1,94 |
20.750,65 |
2,08 |
26.053,76 |
2,60 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
69.859,25 |
6,21 |
72.324,87 |
7,26 |
74.790,49 |
7,47 |
|
B) NON CURRENT LIABILITIES |
99.512,39 |
8,84 |
112.155,59 |
11,25 |
141.620,03 |
14,15 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
99.512,39 |
8,84 |
112.155,59 |
11,25 |
141.620,03 |
14,15 |
|
1. Debts with bank entities |
99.512,39 |
8,84 |
112.155,59 |
11,25 |
141.620,03 |
14,15 |
|
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 |
602.837,52 |
53,57 |
480.779,61 |
48,24 |
473.657,24 |
47,33 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
412.881,10 |
36,69 |
288.473,61 |
28,95 |
234.217,54 |
23,41 |
|
1. Debts with bank entities |
412.881,10 |
36,69 |
288.473,61 |
28,95 |
234.217,54 |
23,41 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
189.956,42 |
16,88 |
192.306,00 |
19,30 |
239.439,70 |
23,93 |
|
1. Suppliers |
164.109,00 |
14,58 |
174.681,72 |
17,53 |
230.662,95 |
23,05 |
|
b) Short term suppliers |
164.109,00 |
14,58 |
174.681,72 |
17,53 |
230.662,95 |
23,05 |
|
2. Other creditors |
25.847,42 |
2,30 |
17.624,28 |
1,77 |
8.776,75 |
0,88 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
1.125.339,42 |
100,00 |
996.601,95 |
100,00 |
1.000.658,99 |
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 |
796.094,85 |
99,57 |
860.623,24 |
99,21 |
1.335.382,75 |
99,48 |
|
2. Variation in stocks of finished goods and work in progress |
9.501,73 |
1,19 |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
6.942,70 |
0,52 |
|
4. Supplies |
-476.654,59 |
-59,62 |
-555.918,96 |
-64,09 |
-955.998,58 |
-71,22 |
|
5. Other operating income |
3.433,18 |
0,43 |
6.809,52 |
0,79 |
|
|
|
6. Labour cost |
-124.107,22 |
-15,52 |
-108.776,53 |
-12,54 |
-159.787,68 |
-11,90 |
|
7. Other operating costs |
-143.164,11 |
-17,91 |
-128.241,50 |
-14,78 |
-132.437,41 |
-9,87 |
|
8. Amortization of fixed assets |
-28.133,02 |
-3,52 |
-30.589,62 |
-3,53 |
-34.333,67 |
-2,56 |
|
9. Allocation of subventions on non financial investments and other |
2.465,62 |
0,31 |
|
|
2.465,62 |
0,18 |
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-84,00 |
-0,01 |
842,26 |
0,10 |
623,85 |
0,05 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
39.352,44 |
4,92 |
44.748,41 |
5,16 |
62.857,58 |
4,68 |
|
14. Financial income |
11.294,24 |
1,41 |
1.751,03 |
0,20 |
2.536,35 |
0,19 |
|
b) Other financial income |
11.294,24 |
1,41 |
1.751,03 |
0,20 |
2.536,35 |
0,19 |
|
15. Financial expenses |
-21.567,50 |
-2,70 |
-18.756,91 |
-2,16 |
-30.655,58 |
-2,28 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
|
|
|
|
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-10.273,26 |
-1,28 |
-17.005,88 |
-1,96 |
-28.119,23 |
-2,09 |
|
C) RESULT BEFORE TAXES (A + B) |
29.079,18 |
3,64 |
27.742,53 |
3,20 |
34.738,35 |
2,59 |
|
20. Taxes on profits |
-7.290,80 |
-0,91 |
-6.991,88 |
-0,81 |
-8.684,59 |
-0,65 |
|
D) EXERCISE RESULT (C + 20) |
21.788,38 |
2,73 |
20.750,65 |
2,39 |
26.053,76 |
1,94 |
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 |
RESERVES |
EXERCISE RESULT |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
|
|
|
|
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) |
|
|
|
|
|
I. Total recognized income and expenses |
|
|
|
74.790,49 |
|
II. Operations with partners or owners |
3.005,06 |
|
|
|
|
1. Capital Increases |
3.005,06 |
|
|
|
|
III. Other net worth variations |
|
281.532,41 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.005,06 |
281.532,41 |
26.053,76 |
74.790,49 |
|
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) |
|
|
|
|
|
I. Total recognized income and expenses |
|
|
20.750,65 |
|
|
II. Operations with partners or owners |
3.005,06 |
|
|
|
|
1. Capital Increases |
3.005,06 |
|
|
|
|
III. Other net worth variations |
|
307.586,17 |
|
72.324,87 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.005,06 |
307.586,17 |
20.750,65 |
72.324,87 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
3.005,06 |
307.586,17 |
20.750,65 |
72.324,87 |
|
I. Total recognized income and expenses |
|
|
21.788,38 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
20.750,65 |
-20.750,65 |
-2.465,62 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
3.005,06 |
328.336,82 |
21.788,38 |
69.859,25 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
|
||
|
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) |
|
|
||
|
I. Total recognized income and expenses |
74.790,49 |
|
||
|
II. Operations with partners or owners |
3.005,06 |
|
||
|
1. Capital Increases |
3.005,06 |
|
||
|
III. Other net worth variations |
281.532,41 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
385.381,72 |
|
||
|
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) |
|
|
||
|
I. Total recognized income and expenses |
20.750,65 |
|
||
|
II. Operations with partners or owners |
3.005,06 |
|
||
|
1. Capital Increases |
3.005,06 |
|
||
|
III. Other net worth variations |
379.911,04 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
403.666,75 |
|
||
|
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) |
403.666,75 |
|
||
|
I. Total recognized income and expenses |
21.788,38 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
-2.465,62 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
422.989,51 |
|
||
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
92.550,68 |
44,14 |
64.208,10 |
61,99 |
39.636,27 |
|
Working capital ratio |
0,08 |
33,33 |
0,06 |
50,00 |
0,04 |
|
Soundness Ratio |
0,82 |
12,33 |
0,73 |
14,06 |
0,64 |
|
Average Collection Period (days) |
284 |
47,48 |
193 |
68,77 |
114 |
|
Average Payment Period (days) |
110 |
8,90 |
101 |
27,73 |
79 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
115,35 |
1,76 |
113,36 |
4,60 |
108,37 |
|
Quick Ratio (%) |
4,11 |
-62,05 |
10,83 |
38,49 |
7,82 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
45,53 |
13,26 |
40,20 |
7,03 |
37,56 |
|
External Financing Average Cost |
0,04 |
-20,00 |
0,05 |
-37,50 |
0,08 |
|
Debt Service Coverage |
10,26 |
31,54 |
7,80 |
25,40 |
6,22 |
|
Interest Coverage |
1,82 |
-23,43 |
2,39 |
16,59 |
2,05 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
6,27 |
5,03 |
5,96 |
32,08 |
4,52 |
|
Auto financing generated by Assets (%) |
4,44 |
-13,79 |
5,15 |
-14,74 |
6,04 |
|
Breakdown Point |
1,05 |
-0,94 |
1,06 |
0,95 |
1,05 |
|
Average Sales Volume per Employee |
118.643,05 |
-48,86 |
231.973,92 |
54,43 |
150.211,78 |
|
Average Cost per Employee |
18.495,86 |
-36,92 |
29.319,82 |
63,12 |
17.973,87 |
|
Assets Turnover |
0,71 |
-17,44 |
0,86 |
-35,82 |
1,34 |
|
Inventory Turnover (days) |
32 |
55,17 |
21 |
3,57 |
20 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
3,50 |
-22,05 |
4,49 |
-28,50 |
6,28 |
|
Operating Profitability (%) |
6,00 |
-20,63 |
7,56 |
-22,14 |
9,71 |
|
Return on Equity (ROE) (%) |
8,24 |
-1,55 |
8,37 |
-25,20 |
11,18 |
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 |
38,21 |
32,58 |
5,63 |
|
A) CURRENT ASSETS |
61,79 |
67,42 |
-5,63 |
|
LIABILITIES |
|||
|
A) NET WORTH |
37,59 |
42,43 |
-4,84 |
|
B) NON CURRENT LIABILITIES |
8,84 |
15,40 |
-6,56 |
|
C) CURRENT LIABILITIES |
53,57 |
42,17 |
11,40 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,57 |
98,99 |
0,58 |
|
Other operating income |
0,43 |
1,01 |
-0,58 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-59,62 |
-53,87 |
-5,75 |
|
Variation in stocks of finished goods and work in progress |
1,19 |
0,71 |
0,48 |
|
GROSS MARGIN |
41,57 |
46,84 |
-5,27 |
|
Other operating costs |
-17,91 |
-16,13 |
-1,78 |
|
Labour cost |
-15,52 |
-26,00 |
10,48 |
|
GROSS OPERATING RESULT |
8,14 |
4,71 |
3,43 |
|
Amortization of fixed assets |
-3,52 |
-2,45 |
-1,07 |
|
Deterioration and result for fixed assets disposal |
|
-0,08 |
|
|
Other expenses / income |
|
0,44 |
|
|
NET OPERATING RESULT |
4,92 |
2,63 |
2,29 |
|
Financial result |
-1,28 |
-1,32 |
0,04 |
|
RESULT BEFORE TAX |
3,64 |
1,31 |
2,33 |
|
Taxes on profits |
-0,91 |
-0,35 |
-0,56 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
2,73 |
0,96 |
1,77 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
2,73 |
0,96 |
1,77 |
|
Amortization of fixed assets |
-3,52 |
-2,45 |
-1,07 |
|
Deterioration and provisions variation |
-3,52 |
-0,08 |
-3,44 |
|
|
9,76 |
3,49 |
6,27 |
Main Ratios
Figures given in €
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
92.550,68 |
12.377,43 |
79.234,50 |
246.708,40 |
|
Working capital ratio |
0,08 |
0,04 |
0,24 |
0,46 |
|
Soundness Ratio |
0,82 |
0,58 |
1,69 |
3,58 |
|
Average Collection Period (days) |
284 |
35 |
68 |
118 |
|
Average Payment Period (days) |
110 |
75 |
121 |
172 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
115,35 |
108,25 |
147,70 |
252,33 |
|
Quick Ratio (%) |
4,11 |
6,03 |
20,37 |
57,67 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
45,53 |
4,67 |
21,50 |
51,47 |
|
External Financing Average Cost |
0,04 |
0,04 |
0,07 |
0,11 |
|
Debt Service Coverage |
10,26 |
0,00 |
3,23 |
9,15 |
|
Interest Coverage |
1,82 |
0,86 |
1,48 |
2,98 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
6,27 |
1,43 |
3,21 |
6,01 |
|
Auto financing generated by Assets (%) |
4,44 |
1,43 |
4,18 |
6,40 |
|
Breakdown Point |
1,05 |
1,01 |
1,03 |
1,05 |
|
Average Sales Volume per Employee |
118.643,05 |
49.032,56 |
66.967,60 |
119.690,27 |
|
Average Cost per Employee |
18.495,86 |
14.741,47 |
19.524,27 |
24.364,20 |
|
Assets Turnover |
0,71 |
0,71 |
1,12 |
1,75 |
|
Inventory Turnover (days) |
32 |
41 |
138 |
376 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
3,50 |
0,96 |
3,40 |
5,92 |
|
Operating Profitability (%) |
6,00 |
2,38 |
6,38 |
9,57 |
|
Return on Equity (ROE) (%) |
8,24 |
0,46 |
5,94 |
10,65 |
ADDITIONAL INFORMATION
Consulted Sources
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
Telephone directory: PÁGINAS AMARILLAS
Telephone directory: PÁGINAS BLANCAS
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.