MIRA
INFORM REPORT
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Report Date : |
22.09.2012 |
IDENTIFICATION DETAILS
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Name : |
DESARROLLOS ALIMENTARIOS FRESCOS SOCIEDAD ANONIMA ”DAFSA” |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
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Legal Form : |
Joint-stock Company |
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Line of Business : |
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No. of Employees : |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Spain |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
DESARROLLOS ALIMENTARIOS FRESCOS SOCIEDAD ANONIMA ”DAFSA”
CIF/NIF: A97736003
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: DESARROLLOS ALIMENTARIOS FRESCOS SOCIEDAD
ANONIMA
Commercial name: DAFSA
Other names: YES
Current Address: CALLE LA TARONJA, 8 - 10
Branches: 1
Telephone number: 961591441 Fax: 961591030
URL: www.dafsa.es
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): 111.447.911,00 € (Mercantile Register)
Result: 4.387.854 €
Total Assets: 50.774.725 €
Share capital: 2.004.009,00 €
Employees: 17
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 02/05/2006
Activity: Wholesale of food, drinks &
tobacco
NACE 2009 CODE: 4639
International Operations: Exports
Corporate Structure
President:
Parent Company:
ATITLAN ALPHA
SOCIEDAD DE CAPITAL RIESGO SA
Participations: 4
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2010
Latest act published in BORME: 02/07/2012 Appointments
Latest press article: 04/09/2012 EL
ECONOMISTA (BRANCHES)
Bank Entities: There are
TRADE
RISK
Financial situation
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Exercise:2010 |
Evolution |
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Treasury |
Good |
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Indebtedness |
Important |
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Profitability |
Average |
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Balance |
Excellent |
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Performance
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Incidents |
None or Negligible |
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Business
Trajectory |
Superior |
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 positive.
•
The auditor’s opinion about the latest accounts has
been favourable.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is big depending on its
sales volume.
•
The employees evolution has been negative.
Performance and Incidences
•
The available information indicates that the
company does not have payment incidences.
•
He have detected no recent legal actions or claims from
the Administration against this company.
Accounts Filing
•
The company files regularly its accounts.
Reasons of the last outstanding calculation in the note
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DATE |
CHANGE |
RESULTING NOTE |
EVENT |
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24/10/2011 |
Equal |
15 |
•
New financial statements have been uploaded. |
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 
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
17/09/2012 15:09:23
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 €
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31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
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ASSETS |
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A) NON CURRENT ASSETS |
8.150.948,00 |
16,05 |
18.311.191,00 |
43,04 |
16.600.394,57 |
59,04 |
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B) CURRENT ASSETS |
42.623.777,00 |
83,95 |
24.237.245,00 |
56,96 |
11.518.878,90 |
40,96 |
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LIABILITIES |
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A) NET WORTH |
7.819.751,00 |
15,40 |
7.498.777,00 |
17,62 |
5.028.833,69 |
17,88 |
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B) NON CURRENT LIABILITIES |
6.155.855,00 |
12,12 |
15.700.321,00 |
36,90 |
14.416.053,73 |
51,27 |
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C) CURRENT LIABILITIES |
36.799.119,00 |
72,48 |
19.349.338,00 |
45,48 |
8.674.386,05 |
30,85 |
Profit and loss account analysis
Figures given in €
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31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
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SALES |
111.447.911,00 |
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66.632.597,00 |
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37.586.349,04 |
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GROSS MARGIN |
13.978.161,00 |
12,54 |
13.764.407,00 |
20,66 |
10.373.569,39 |
27,60 |
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EBITDA |
6.661.815,00 |
5,98 |
7.371.044,00 |
11,06 |
6.137.514,01 |
16,33 |
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EBIT |
6.586.165,00 |
5,91 |
6.028.264,00 |
9,05 |
5.322.527,55 |
14,16 |
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NET RESULT |
4.387.854,00 |
3,94 |
1.873.397,00 |
2,81 |
-883.783,23 |
-2,35 |
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EFFECTIVE TAX RATE (%) |
30,02 |
0,00 |
19,92 |
0,00 |
-40,30 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
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COMPANY (2010) |
SECTOR |
DIFFERENCE |
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BALANCE SHEET ANALYSIS: % on the total
assets |
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ASSETS |
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A) NON CURRENT ASSETS |
16,05 |
41,65 |
-25,59 |
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A) CURRENT ASSETS |
83,95 |
58,35 |
25,59 |
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LIABILITIES |
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A) NET WORTH |
15,40 |
37,02 |
-21,62 |
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B) NON CURRENT LIABILITIES |
12,12 |
10,30 |
1,82 |
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C) CURRENT LIABILITIES |
72,48 |
52,68 |
19,80 |
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COMPANY (2010) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
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SALES |
73,62 |
95,07 |
-21,45 |
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GROSS MARGIN |
9,23 |
20,93 |
-11,70 |
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EBITDA |
4,40 |
3,60 |
0,80 |
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EBIT |
4,35 |
2,47 |
1,88 |
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NET RESULT |
2,90 |
1,81 |
1,08 |
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Sector Composition
Compared sector (NACE 2009): 4639
Number of companies: 41
Size (sales figure): > 40,000,000.00 Euros
OTHER DATA FROM THE
ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2010
Figures given in €
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DISTRIBUTION BASE |
APPLICATION A |
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Profit and Loss Account Balance |
4.387.854,00 |
Legal Reserve |
121.460,00 |
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Carry over |
0,00 |
Goodwill reserve |
0,00 |
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Voluntary reserves |
0,00 |
Special reserves |
0,00 |
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Other reserves disposable at will |
0,00 |
Voluntary reserves |
0,00 |
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Total of Amounts to be distributed |
4.387.854,00 |
Dividends |
0,00 |
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Carry over and others |
4.266.394,00 |
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Compensation of previous exercises losses |
0,00 |
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Application total |
4.387.854,00 |
Auditing
Source: filing of annual financial statement 2010
Auditors’ opinion: FAVOURABLE
Auditor: DELOITTE S.L.
Auditing fees: 60.000,00 €
Facts subsequent to the closing
Source: Annual financial report 2010
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
ADDRESSES
Current Legal Seat Address:
CALLE LA TARONJA, 8 - 10
46210 PICANYA VALENCIA
Previous Seat Address:
CALLE PADRE MENDEZ 29
46900 TORRENT
VALENCIA
Characteristics of the current address
Type of establishment: office
Owners: rented
Local Situation: main
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STREET |
POSTAL CODE |
TOWN |
PROVINCE |
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AVENIDA PROGRES (P. I. II), 5 |
46530 |
PUÇOL |
Valencia |
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STREET |
POSTAL CODE |
TOWN |
PROVINCE |
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CALLE DE GARBI, 1 |
46240 |
CARLET |
Valencia |
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CALLE MOSSEN FENOLLAR, 10 |
46007 |
VALENCIA |
Valencia |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration board |
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Governing body : 6 members (latest change:
27/09/2006) Other Positions : 6 (latest change: 21/06/2012) Auditor : 2 (latest change: 21/11/2011) Operative Board Members : 3 (latest change: 08/02/2010) Non-current positions : 1 (latest change: 27/09/2006) |
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Main Board members, Directors and Auditor
Governing body
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POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
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PRESIDENT |
CAMPILLOS BUENO, JOSE LUIS |
27/09/2006 |
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VICE-PRESIDENT |
RODERO ARRUBARRENA, ARITZA |
27/09/2006 |
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MEMBER OF THE BOARD |
CENTENO RODRIGUEZ, ROBERTO |
27/09/2006 |
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Auditor
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POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
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AUDITOR |
DELOITTE SL |
16/06/2010 |
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AUDITOR |
DELOITTE SL |
21/11/2011 |
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 165.000,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
CAMPILLOS BUENO, JOSE LUIS |
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Financial Manager |
JUAN ROMERO, JESUS MANUEL |
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Commercial Director |
JUAN ROMERO, JESUS MANUEL |
FINANCIAL LINKS
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ATITLAN ALPHA SOCIEDAD DE CAPITAL RIESGO SA |
A97741599 |
57,44 |
OWN SOURCES |
04/09/2012 |
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FUTURVEST SOCIEDAD LIMITADA |
B97743173 |
42,56 |
OWN SOURCES |
04/09/2012 |
Company with rating inferior to 7
Majority shareholder of ATITLAN ALPHA SOCIEDAD DE CAPITAL RIESGO SA
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
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ATITLAN EQUITY PARTNERS SL |
B97637185 |
61,43 |
OWN SOURCES |
13/07/2012 |
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
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ALAL GESTION SL |
B97325039 |
100,00 |
OWN SOURCES |
13/06/2006 |
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
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INVESTIGACION Y DESARROLLO DE ALIMENTOS SL |
B98287014 |
100,00 |
B.O.R.M.E. |
18/02/2011 |
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DESARROLLOS ALIMENTARIOS FRESCOS INDUSTRIAL SL |
B98208861 |
100,00 |
MERCANTILE REGISTER |
31/12/2010 |
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LACTIBER LEON SL |
B32362410 |
33,30 |
OWN SOURCES |
10/07/2012 |
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DELIMIR FRANCE |
FRANCE |
Indef. |
B.O.R.M.E. |
09/03/2011 |
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
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DELIMIL ESPAÑA SA (EXTINGUIDA) |
A96528070 |
100,00 |
B.O.R.M.E. |
09/03/2011 |
Company with rating inferior to 7
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”JOSE LUIS CAMPILLOS BUENO”
|
COMPANY |
POSITION |
PROVINCE |
|
INVESTIGACION Y DESARROLLO DE ALIMENTOS SL |
Presidente |
VALENCIA |
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DESARROLLOS ALIMENTARIOS FRESCOS SOCIEDAD ANONIMA |
Presidente |
VALENCIA |
In case you need more information you can request:Board Members
Monitoring
Name Search in the Internet
Search Criterion: "FRESH FOOD DEVELOPMENT CORPORATION"
URL: www.dafsa.es
Dafsa | Fresh Food Developments DAFSA INVEST GROUP 50 million euros in a plant
processing and packaging multiproduct Segorbe (Castellón) ...
URL: www.informacionmercadona.es
snack | Page 1 | Mercadona Power 12 Mar 2012 ... Developments Fresh Food
Company, Inc. (Dafsa), has acquired Delimil, a factory of citrus juices in the
town ...
BUSINESS INFORMATION
Incorporation date: 02/05/2006
Establishment date: 01/01/2006
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Code: 1612100
Activity: Wholesale of food, drinks & tobacco
NACE 2009 CODE: 4639
NACE 2009 Activity: Non-specialised wholesale of food, beverages
and tobacco
Business: EL OBJETO DE LA SOCIEDAD CONSISTE EN: 1. LA
RECOLECCION, ADQUISICION, MANIPULACION, CONSERVACION, TRANSFORMACION,
INDUSTRIALIZACION Y COMERCIALIZACION DE PRODUCTOS AGRICOLAS, ASI COMO DE
AQUELLOS PRODUCTOS NECESARIOS O C
Activity description: FABRICACION DE ZUMOS.
Latest employees figure: 17 (2012)
% of fixed employees: 79,17%
% of temporary employees: 20,83%
% of men: 70,83%
% of women: 29,17%
Employees evolution
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Source: Annual financial report 2010
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CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
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Distribution by sexes |
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17 |
7 |
PURCHASES
National Distribution: 74%
SUPPLIERS
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BUSINESS NAME |
INTERNATIONAL |
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DELIMIL ESPANA,
S.A.U |
NO |
CLIENTS
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BUSINESS NAME |
INTERNATIONAL |
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MERCADONA |
NO |
• The 75.05% of its turnover
attributable to the sale of juices.
• The 15.39%
of its turnover attributable
to the sale of gazpacho.
• The 9.56%
of its turnover attributable
to the sale of other products.
Professional and
advertising services
Source: Annual financial report 2010
Professional services
expenses: 2.930.618,00 €
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ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
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BARCLAYS BANK, S.A. |
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TORRENTE |
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Discount facilities: 1
Credit policy: 0
Mortgage loan: 0
Loans with no real security: 0
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Debt type: Discount
facilities |
Granted limit:15.000.000,00 € Used limit:11.424.000,00
€ Available limit:3.576.000,00
€ Source: Filed
Accounts (2010) |
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Brand name: CHOCO FRUTAS (Valid)
Type: JOINT Scope: NATIONAL Date: 30/05/2012
Brand name: DAFSA (Valid)
Type: JOINT Scope: NATIONAL Date: 18/01/2011
Brand name: INDAFRES DESARROLLOS ALIMENTARIOS FRESCOS
INDUSTRIAL SL (Valid)
Type: JOINT Scope: NATIONAL Date: 18/01/2011
LEGAL STRUCTURE
Constitution Data
Register Date: 02/05/2006
Register town: Valencia
Announcement number: 292614
Register data:
Volume 8425, Book 5715, Folio 19, Section 8, Sheet 112956,
Inscription I/A
1 (2006-05-24)
Legal form: Joint-stock Company
Share capital: 2.004.009,00 €
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: 0
Acts on administrators: 12 (Last: 02/07/2012, first:
06/06/2006)
Acts on capital: 7 (Last: 14/03/2012, first:
05/07/2006)
Acts on creation: 1 (Last: 06/06/2006)
Acts on filed accounts: 6 (Last: 07/10/2011, first:
02/11/2007)
Acts on identification: 1 (Last: 19/06/2007)
Acts on Information: 7 (Last: 20/10/2011, first:
06/06/2006)
Acts on proceedings: 7 (Last: 10/08/2011, first:
28/10/2010)
Latest acts in B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Capital reduction (IA) |
14/03/2012 |
123212 |
Valencia |
|
|
|
Amount reduction: 345.431,00 € Subscribed result: 2.004.009,00 € Register Data:
Volume 8426, Book 5716, Folio 47, Section 8, Sheet 112956, Inscription I/A
15 (05/03/2012) Publication Data:
Register Valencia, Gazette 52, Page
13377, Announcement 123212 (14/03/2012) |
|||
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Capital reduction (II) |
23/01/2012 |
1071 |
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Reducción de capital La Junta General de “Desarrollos Alimentarios Frescos, Sociedad
Anónima”, celebrada el 16 de diciembre de 2011, aprobó, por unanimidad, (i) reducir
la cifra del capital social en 345.431,00 euros, mediante la amortización de
la totalidad de las acciones propias que la Sociedad tenía en autocartera
(345.431 acciones, de la Clase B, números 2.004.010 a 2.349.440, ambos
inclusive); (ii) modificar el artículo 5º de los Estatutos Sociales en lo
relativo a la cifra del capital social y al número de acciones de la Clase B.
Conforme a lo dispuesto en la Ley de Sociedades de Capital, se hace
constar el derecho que asiste a los acreedores de la Sociedad a oponerse, en
el plazo de un mes a contar desde la fecha de publicación de este anuncio, a
la reducción de capital aprobada. En Picanya (Valencia) a, 16 de diciembre de 2011.-El Secretario del
Consejo de Administración, Roberto Centeno Rodríguez. Register Data: Inscription ID: A120002344- 1 Publication Data:
Gazette 15, Page
1104, Announcement 1071 (23/01/2012) |
|||
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Annual Filed Accounts (2010) |
07/10/2011 |
745476 |
Valencia |
|
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Filed Accounts date: September 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 contracts62857652010PDFThis
product is out of the fee for OPEN contracts62857652010TIFFThis product is
out of the fee for OPEN contracts62857652010 Publication Data:
Register Valencia, Gazette 192, Page
55932, Announcement 745476 (07/10/2011) |
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Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
02/07/2012 |
278990 |
Valencia |
|
Appointments |
02/07/2012 |
278989 |
Valencia |
|
Re-elections |
06/06/2012 |
239059 |
Valencia |
|
Re-elections |
30/11/2011 |
480139 |
Valencia |
|
Other concepts |
20/10/2011 |
417882 |
Valencia |
|
Split of company |
10/08/2011 |
28643 |
|
|
Segregation project filing |
05/08/2011 |
251279 |
Valencia |
Press summary by type of information (last five years)
Legal notices: 1 (Last: 02/05/2007)
Structural Data: 5 (Last: 04/09/2012, first: 29/04/2008)
Informative data: 1 (Last: 15/05/2007)
Financial Information: 2 (Last: 05/02/2010, first: 04/10/2009)
Negative information: 0
Business lines: 0
Historical press releases: 3 (Last: 11/10/2006, first:
25/07/2006)
Latest press article published
04/09/2012 EL ECONOMISTA (Page 11) BRANCHES
The group DAFSA, Mercadona interproveedora
company has invested 50 million euros in a
new production, processing and packaging to be built in two phases in the land of Hope Estate in
Segorbe (Castellón). The commissioning of the
plant, scheduled for 2014, will
create 500 jobs if you add
the 300 direct and
indirect 200 more different service companies involved in the project.
04/11/2010 EXPANSIÓN DEL PAIS
VASCO - SHAREHOLDERS AND HOLDINGS
The dairy group and cooperative
IPARLAT Andalusian COVAP have input
from Valencia DAFSA (FRESH FOOD DEVELOPMENT)
in its subsidiary LACTIBER LION. The
company, so far focused on the
treatment of milk and food
products with the brand's distributor, and expand
its business to juices and creams.
05/02/2010 EXPANSION DE VALENCIA - FINANCIAL
DATA
DAFSA doubled last year turnover, TO 63.8 MM. EUROS, and this year expected to exceed
118 mm. THE PRESIDENT OF THE CIA., JOSE LUIS CAMPILLOS
explained how DEVELOPMENT FUND ENTRY ATITLAN
among its shareholders, has a 71%,
and under what conditions (OR 4 YEARS BEFORE EXIT
OR LEAVE NOW
TOO indebted).
04/10/2009 LEVANTE EL MERCANTIL
VALENCIANO - FINANCIAL DATA
TIMING CHAIN MERCADONA scheduled for completion this year with
an investment of 600 MM. EUROS, mainly for its expansion. THE IMPACT OF MERCADONA
comes not only from the company itself,
but also of its integrated, THAT, TO SERVE THE HIGH
VOLUME CHAIN THAT ACCURATE, are impelled to act despite the crisis. JUICE FACTORY and gazpacho DAFSA,
Picanya, has invested 8 MM. EURO and created 20
jobs.
29/06/2008 LAS PROVINCIAS - SHAREHOLDERS AND
HOLDINGS
JUICE COMPANY AND HAS STOPPED DAFSA GAZPACHO
NEGOTIATIONS TO ENTER Zuvamesa, whose factory BUILDS IN PARC SAGUNT WHILE STUDYING OTHER
SALE OFFERS RECEIVED
BY SECTOR INDUSTRIES LOCATED IN TOLEDO,
Tarragona and Seville. Zuvamesa confirmed the breakdown
of negotiations BECAUSE PLEDGED
TO AID OPERATION
OF PLANT Zuvamesa
have been delayed, which has motivated
the works are stopped FACTORY. DAFSA WAS
INTENDED TO ACQUIRE 50% OF PROVIDING Zuvamesa
21.6 mm. EUROS, so
that it would appoint an
independent director Draws POSSIBLE
TO UNLOCK THE COUNCIL
MEETINGS.
Complementary Information
Current situation
This society has split a branch of its activity to
society B98208861
According Borme Date 11/11/10 Section II of this society is in the process of
absorbing DELIMIL SPAIN, SA CIF A96528070
According Borme Date 11/11/10 Section II of this society is in the process
being partially cleaved beneficiary / AS FRESH FOOD INDUSTRIAL DEVELOPMENT SL
CIF B98208861
Financial Information
The stock closed at
31/12/2008 (Tank 2008) is available at INFORMS, but there is data in the
new financial statements presented
incorrectly.
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 24/10/2011.
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 |
8.150.948,00 |
16,05 |
18.311.191,00 |
43,04 |
16.600.394,57 |
59,04 |
|
I. Intangible assets |
223.014,00 |
0,44 |
38.360,00 |
0,09 |
44.524,62 |
0,16 |
|
5. Software |
223.014,00 |
0,44 |
38.360,00 |
0,09 |
44.524,62 |
0,16 |
|
II. Tangible fixed assets |
88.745,00 |
0,17 |
12.202.541,00 |
28,68 |
10.061.688,34 |
35,78 |
|
2. Technical fittings and other tangible assets |
88.745,00 |
0,17 |
12.058.970,00 |
28,34 |
7.244.236,64 |
25,76 |
|
3. Fixed assets in progress and advances |
|
|
143.571,00 |
0,34 |
2.817.451,70 |
10,02 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
7.440.511,00 |
14,65 |
4.029.674,00 |
9,47 |
4.982.895,23 |
17,72 |
|
1. Net worth instruments |
2.789.517,00 |
5,49 |
643.536,00 |
1,51 |
1.553.723,92 |
5,53 |
|
2. Credits to companies |
4.650.994,00 |
9,16 |
3.386.138,00 |
7,96 |
3.429.171,31 |
12,20 |
|
V. Long Term Financial Investments |
|
|
57.613,00 |
0,14 |
17.412,98 |
0,06 |
|
5. Other financial assets |
|
|
57.613,00 |
0,14 |
17.412,98 |
0,06 |
|
VI. Assets by deferred taxes |
398.678,00 |
0,79 |
1.983.003,00 |
4,66 |
1.493.873,40 |
5,31 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
42.623.777,00 |
83,95 |
24.237.245,00 |
56,96 |
11.518.878,90 |
40,96 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
7.330.844,00 |
14,44 |
6.076.598,00 |
14,28 |
3.605.507,37 |
12,82 |
|
2. Raw material inventory |
4.019.669,00 |
7,92 |
3.866.947,00 |
9,09 |
2.491.004,29 |
8,86 |
|
4. Finished goods |
3.307.907,00 |
6,51 |
2.207.882,00 |
5,19 |
1.113.034,65 |
3,96 |
|
b) Short production cycle |
3.307.907,00 |
6,51 |
2.207.882,00 |
5,19 |
1.113.034,65 |
3,96 |
|
6. Pre-payments to suppliers |
3.268,00 |
0,01 |
1.769,00 |
0,00 |
1.468,43 |
0,01 |
|
III. Trade Debtors and other receivable accounts |
34.399.995,00 |
67,75 |
15.726.712,00 |
36,96 |
2.307.083,40 |
8,20 |
|
1. Clients |
32.205.696,00 |
63,43 |
13.678.397,00 |
32,15 |
2.155.268,22 |
7,66 |
|
b) Clients for sales and short term services
rendering |
32.205.696,00 |
63,43 |
13.678.397,00 |
32,15 |
2.155.268,22 |
7,66 |
|
2. Clients group and associated companies |
|
|
|
|
35.446,39 |
0,13 |
|
4. Staff |
865,00 |
0,00 |
865,00 |
0,00 |
1.102,94 |
0,00 |
|
5. Assets by current taxes |
662.784,00 |
1,31 |
749.910,00 |
1,76 |
|
|
|
6. Other credits with the Public Administrations |
1.530.650,00 |
3,01 |
1.297.540,00 |
3,05 |
115.265,85 |
0,41 |
|
IV. Short term investments in associated and affiliated companies |
|
|
36.966,00 |
0,09 |
60.980,45 |
0,22 |
|
3. Debt representative values |
|
|
|
|
60.980,45 |
0,22 |
|
5. Other financial assets |
|
|
36.966,00 |
0,09 |
|
|
|
V. Short term financial investments |
|
|
|
|
1.907.344,48 |
6,78 |
|
3. Debt representative values |
|
|
|
|
1.907.344,48 |
6,78 |
|
VI. Short term periodifications |
99.008,00 |
0,19 |
|
|
|
|
|
VII. Cash and equivalents |
793.930,00 |
1,56 |
2.396.969,00 |
5,63 |
3.637.963,20 |
12,94 |
|
1. Treasury |
793.930,00 |
1,56 |
2.396.969,00 |
5,63 |
3.637.963,20 |
12,94 |
|
TOTAL ASSETS (A + B) |
50.774.725,00 |
100,00 |
42.548.436,00 |
100,00 |
28.119.273,47 |
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 |
7.819.751,00 |
15,40 |
7.498.777,00 |
17,62 |
5.028.833,69 |
17,88 |
|
A-1) Equity |
7.819.751,00 |
15,40 |
6.902.229,00 |
16,22 |
5.028.833,69 |
17,88 |
|
I. Capital |
2.349.440,00 |
4,63 |
3.500.000,00 |
8,23 |
3.500.000,00 |
12,45 |
|
1. Authorized capital |
2.349.440,00 |
4,63 |
3.500.000,00 |
8,23 |
3.500.000,00 |
12,45 |
|
II. Issue premium |
180.228,00 |
0,35 |
2.500.000,00 |
5,88 |
2.500.000,00 |
8,89 |
|
III. Reserves |
902.229,00 |
1,78 |
161.088,00 |
0,38 |
47.997,01 |
0,17 |
|
1. Legal and statutory |
348.428,00 |
0,69 |
161.088,00 |
0,38 |
47.997,01 |
0,17 |
|
2. Other funds |
553.801,00 |
1,09 |
|
|
|
|
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
-1.132.256,00 |
-2,66 |
-135.380,09 |
-0,48 |
|
2. (Prior years losses) |
|
|
-1.132.256,00 |
-2,66 |
-135.380,09 |
-0,48 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
4.387.854,00 |
8,64 |
1.873.397,00 |
4,40 |
-883.783,23 |
-3,14 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
596.548,00 |
1,40 |
|
|
|
B) NON CURRENT LIABILITIES |
6.155.855,00 |
12,12 |
15.700.321,00 |
36,90 |
14.416.053,73 |
51,27 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
6.075.850,00 |
11,97 |
13.880.144,00 |
32,62 |
13.783.588,00 |
49,02 |
|
1. Debentures and other negotiable values |
|
|
|
|
750.000,00 |
2,67 |
|
2. Debts with bank entities |
6.075.850,00 |
11,97 |
13.880.144,00 |
32,62 |
13.033.588,00 |
46,35 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
80.005,00 |
0,16 |
1.611.378,00 |
3,79 |
400.606,73 |
1,42 |
|
V. Long term periodifications |
|
|
208.799,00 |
0,49 |
231.859,00 |
0,82 |
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
36.799.119,00 |
72,48 |
19.349.338,00 |
45,48 |
8.674.386,05 |
30,85 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
2.606.000,00 |
6,12 |
|
|
|
III. Short term debts |
12.765.498,00 |
25,14 |
3.692.159,00 |
8,68 |
4.617.996,33 |
16,42 |
|
2. Debts with bank entities |
12.003.182,00 |
23,64 |
1.648.419,00 |
3,87 |
952.168,00 |
3,39 |
|
5. Other financial liabilities |
762.316,00 |
1,50 |
2.043.740,00 |
4,80 |
3.665.828,33 |
13,04 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
24.033.621,00 |
47,33 |
13.051.179,00 |
30,67 |
4.056.389,72 |
14,43 |
|
1. Suppliers |
19.409.742,00 |
38,23 |
10.973.086,00 |
25,79 |
2.464.115,21 |
8,76 |
|
b) Short term suppliers |
19.409.742,00 |
38,23 |
10.973.086,00 |
25,79 |
2.464.115,21 |
8,76 |
|
2. Suppliers group and associated companies |
879.253,00 |
1,73 |
464.780,00 |
1,09 |
517.937,53 |
1,84 |
|
3. Different creditors |
3.067.967,00 |
6,04 |
1.492.400,00 |
3,51 |
780.512,46 |
2,78 |
|
4. Staff (pending remunerations) |
103.758,00 |
0,20 |
93.000,00 |
0,22 |
80.185,05 |
0,29 |
|
5. Liabilities by current taxes |
|
|
|
|
180.837,86 |
0,64 |
|
6. Other debts with Public Administrations |
572.901,00 |
1,13 |
27.913,00 |
0,07 |
32.801,61 |
0,12 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
50.774.725,00 |
100,00 |
42.548.436,00 |
100,00 |
28.119.273,47 |
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 |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
111.447.911,00 |
73,62 |
66.632.597,00 |
98,34 |
37.586.349,04 |
97,71 |
|
A) Sales |
111.447.911,00 |
73,62 |
66.601.966,00 |
98,30 |
37.537.067,80 |
97,58 |
|
b) Services provided |
|
|
30.631,00 |
0,05 |
49.281,24 |
0,13 |
|
2. Variation in stocks of finished goods and work in progress |
1.100.025,00 |
0,73 |
1.094.847,00 |
1,62 |
528.369,37 |
1,37 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-138.502.961,00 |
-91,49 |
-55.086.160,00 |
-81,30 |
-28.623.085,52 |
-74,41 |
|
a) Material consumed |
|
|
-33.449.104,00 |
-49,37 |
|
|
|
b) Raw materials consumed |
-122.452.158,00 |
-80,89 |
-12.364.340,00 |
-18,25 |
-23.228.764,58 |
-60,38 |
|
c) Works carried out for other companies |
-16.050.803,00 |
-10,60 |
-9.272.716,00 |
-13,69 |
-5.394.320,94 |
-14,02 |
|
5. Other operating income |
39.933.186,00 |
26,38 |
1.123.123,00 |
1,66 |
881.936,50 |
2,29 |
|
a) Other incomes |
39.933.186,00 |
26,38 |
1.123.123,00 |
1,66 |
881.936,50 |
2,29 |
|
6. Labour cost |
-2.335.640,00 |
-1,54 |
-794.469,00 |
-1,17 |
-709.237,51 |
-1,84 |
|
a) Wages and similar expenses |
-2.117.395,00 |
-1,40 |
-694.851,00 |
-1,03 |
-606.068,30 |
-1,58 |
|
b) Social costs |
-218.245,00 |
-0,14 |
-99.618,00 |
-0,15 |
-103.169,21 |
-0,27 |
|
7. Other operating costs |
-4.929.399,00 |
-3,26 |
-5.646.151,00 |
-8,33 |
-3.544.355,09 |
-9,21 |
|
a) External services |
-4.911.973,00 |
-3,24 |
-5.630.239,00 |
-8,31 |
-3.526.629,51 |
-9,17 |
|
b) Taxes |
-17.426,00 |
-0,01 |
-15.912,00 |
-0,02 |
-17.725,58 |
-0,05 |
|
8. Amortization of fixed assets |
-75.650,00 |
-0,05 |
-1.342.780,00 |
-1,98 |
-814.986,46 |
-2,12 |
|
9. Allocation of subventions on non financial investments and other |
|
|
47.257,00 |
0,07 |
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
-51.307,00 |
-0,03 |
|
|
17.537,22 |
0,05 |
|
b) Results for disposals and others |
-51.307,00 |
-0,03 |
|
|
17.537,22 |
0,05 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
|
|
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
6.586.165,00 |
4,35 |
6.028.264,00 |
8,90 |
5.322.527,55 |
13,84 |
|
14. Financial income |
7.982,00 |
0,01 |
296.796,00 |
0,44 |
177.249,55 |
0,46 |
|
b) From negotiable values and other financial instruments |
7.982,00 |
0,01 |
296.796,00 |
0,44 |
177.249,55 |
0,46 |
|
b 1) From group and associated companies |
|
|
173.522,00 |
0,26 |
87.158,53 |
0,23 |
|
b 2) From third parties |
7.982,00 |
0,01 |
123.274,00 |
0,18 |
90.091,02 |
0,23 |
|
15. Financial expenses |
-227.931,00 |
-0,15 |
-474.318,00 |
-0,70 |
-748.793,31 |
-1,95 |
|
a) For debts with associated and affiliated companies |
|
|
-474.318,00 |
-0,70 |
|
|
|
b) For debts with third parties |
-227.931,00 |
-0,15 |
|
|
-748.793,31 |
-1,95 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-96.181,00 |
-0,06 |
7.834,00 |
0,01 |
9.303,80 |
0,02 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
-3.519.197,00 |
-5,19 |
-6.240.703,72 |
-16,22 |
|
a) Deteriorations and losses |
|
|
-3.519.197,00 |
-5,19 |
-6.240.703,72 |
-16,22 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-316.130,00 |
-0,21 |
-3.688.885,00 |
-5,44 |
-6.802.943,68 |
-17,68 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
6.270.035,00 |
4,14 |
2.339.379,00 |
3,45 |
-1.480.416,13 |
-3,85 |
|
20. Taxes on profits |
-1.882.181,00 |
-1,24 |
-465.982,00 |
-0,69 |
596.632,90 |
1,55 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
4.387.854,00 |
2,90 |
1.873.397,00 |
2,76 |
-883.783,23 |
-2,30 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
4.387.854,00 |
2,90 |
1.873.397,00 |
2,76 |
-883.783,23 |
-2,30 |
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 |
4.387.854,00 |
1.873.397,00 |
-883.783,23 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and subventions |
|
899.468,00 |
|
|
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 |
|
-269.840,00 |
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
629.628,00 |
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and subventions |
|
-47.257,00 |
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
14.177,00 |
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
|
-33.080,00 |
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
4.387.854,00 |
2.469.945,00 |
-883.783,23 |
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
(NET WORTH OWN SHARES AND PARTICIPATIONS) |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
3.500.000,00 |
2.500.000,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
-113.091,33 |
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
3.500.000,00 |
2.500.000,00 |
-113.091,33 |
|
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
161.088,34 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.500.000,00 |
2.500.000,00 |
47.996,00 |
|
|
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) |
3.500.000,00 |
2.500.000,00 |
47.996,00 |
|
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.500.000,00 |
2.500.000,00 |
47.996,00 |
|
|
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) |
3.500.000,00 |
2.500.000,00 |
47.996,00 |
|
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
-1.150.560,00 |
-2.319.772,00 |
|
|
|
2. (-) Capital reductions |
-1.150.560,00 |
-2.319.772,00 |
|
-3.470.332,00 |
|
6. Net worth increase (reduction) resulting from a business
combination |
|
|
|
3.470.332,00 |
|
III. Other net worth variations |
|
|
854.233,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
2.349.440,00 |
180.228,00 |
902.229,00 |
|
|
NET WORTH CHANGES ( 3 /3) |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
-1.585.175,18 |
1.610.883,43 |
|
6.025.708,25 |
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
|
-113.091,33 |
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
-1.585.175,18 |
1.610.883,43 |
|
5.912.616,92 |
|
I. Total recognized income and expenses |
|
-883.783,23 |
|
-883.783,23 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
1.449.795,09 |
-1.610.883,43 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-135.380,00 |
-883.784,00 |
|
5.028.832,00 |
|
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) |
-135.380,00 |
-883.784,00 |
|
5.028.832,00 |
|
I. Total recognized income and expenses |
|
1.873.397,00 |
596.548,00 |
2.469.945,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-883.784,00 |
883.784,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
-1.019.164,00 |
1.873.397,00 |
596.548,00 |
7.498.777,00 |
|
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) |
-1.019.164,00 |
1.873.397,00 |
596.548,00 |
7.498.777,00 |
|
I. Total recognized income and expenses |
|
4.387.854,00 |
|
4.387.854,00 |
|
II. Operations with partners or owners |
|
|
|
-3.470.332,00 |
|
2. (-) Capital reductions |
|
|
|
-6.940.664,00 |
|
6. Net worth increase (reduction) resulting from a business
combination |
|
|
|
3.470.332,00 |
|
III. Other net worth variations |
1.019.164,00 |
-1.873.397,00 |
-596.548,00 |
-596.548,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
|
4.387.854,00 |
|
7.819.751,00 |
CASH FLOW STATUS
Figures given in €
|
|
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
6.270.035,00 |
2.339.379,00 |
-1.480.416,13 |
|
2. Results adjustments |
-207.967,00 |
4.969.182,00 |
7.609.696,00 |
|
a) Amortization of fixed assets (+) |
75.650,00 |
1.342.780,00 |
814.987,01 |
|
b) Value correction for deterioration (+/-) |
|
3.519.197,00 |
|
|
d) Grants allocation (-) |
|
-47.257,00 |
|
|
e) Results for decline and disposal of fixed assets (+/-) |
51.307,00 |
|
-17.537,01 |
|
f) Results for decline and disposal of financial instruments (+/-) |
|
|
6.240.703,00 |
|
g) Financial income (-) |
-7.982,00 |
-296.796,00 |
-177.250,00 |
|
f) Financial expenses (+) |
227.931,00 |
474.318,00 |
748.793,00 |
|
k) Other income and expenses (-/+) |
-554.873,00 |
-23.060,00 |
|
|
3. Changes in current capital |
-8.443.989,00 |
-5.965.187,00 |
6.729.005,00 |
|
a) Stocks (+/-) |
-1.752.315,00 |
-2.471.091,00 |
-1.690.226,00 |
|
b) Debtors and other receivable accounts (+/-) |
-18.803.968,00 |
-12.669.719,00 |
6.707.422,00 |
|
c) Other current assets (+/-) |
-97.596,00 |
|
|
|
d) Creditors and other payable accounts (+/-) |
11.442.620,00 |
9.175.623,00 |
1.232.531,00 |
|
e) Other current liabilities (+/-) |
767.270,00 |
|
|
|
f) Other non-current assets and liabilities (+/-) |
|
|
479.278,00 |
|
4. Other cash flow coming from operating activities |
-136.737,00 |
-1.108.270,00 |
-862.054,00 |
|
a) Interests payments (-) |
-227.931,00 |
-474.318,00 |
|
|
c) Interests collections (+) |
7.982,00 |
296.796,00 |
|
|
d) Collections (payments) for profit tax (+/-) |
83.212,00 |
-930.748,00 |
-290.511,00 |
|
e) Other payments (collections) (-/+) |
|
|
-571.543,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
-2.518.658,00 |
235.104,00 |
11.996.231,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-5.997.976,00 |
-5.142.767,00 |
-11.312.733,00 |
|
a) Group and associated companies |
-4.518.845,00 |
-3.010,00 |
-4.179.172,00 |
|
b) Intangible assets |
-267.890,00 |
-20.659,00 |
-30.199,00 |
|
c) Tangible assets |
-11.241,00 |
-5.078.898,00 |
-5.196.018,00 |
|
e) Other financial assets |
|
-40.200,00 |
-1.907.344,00 |
|
h) Other assets |
-1.200.000,00 |
|
|
|
7. Disinvestment collections (+) |
|
1.974.392,00 |
42.463,00 |
|
a) Group and associated companies |
|
67.048,00 |
|
|
c) Tangible assets |
|
|
42.463,00 |
|
e) Other financial assets |
|
1.907.344,00 |
|
|
8. Cash Flow in investment activities (6 + 7) |
-5.997.976,00 |
-3.168.375,00 |
-11.270.270,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
-3.470.333,00 |
899.468,00 |
|
|
c) Own net worth instruments acquisition (-) |
-3.470.333,00 |
|
|
|
e) Received legacies, grants and subventions (+) |
|
899.468,00 |
|
|
10. Financial liabilities instruments collections and payments |
10.383.928,00 |
792.807,00 |
1.449.388,00 |
|
a) Issue |
11.424.110,00 |
2.460.523,00 |
3.249.388,00 |
|
2. Debts with bank entities (+) |
11.424.110,00 |
2.460.523,00 |
3.249.388,00 |
|
b) Return and amortization of |
-1.040.182,00 |
-1.667.716,00 |
-1.800.000,00 |
|
2. Debts with bank entities (-) |
-290.182,00 |
-917.716,00 |
-1.800.000,00 |
|
5. Other debts (-) |
-750.000,00 |
-750.000,00 |
|
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
6.913.595,00 |
1.692.275,00 |
1.449.388,00 |
|
D) Exchange rate variations effect |
|
|
-9.304,00 |
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-1.603.039,00 |
-1.240.996,00 |
2.166.045,00 |
|
Cash or equivalents at the beginning of the exercise |
2.396.969,00 |
3.637.966,00 |
1.471.921,00 |
|
Cash or equivalents at the end of the exercise |
793.930,00 |
2.396.969,00 |
3.637.966,00 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
5.824.658,00 |
19,16 |
4.887.907,00 |
71,84 |
2.844.492,85 |
|
Working capital ratio |
0,12 |
0,00 |
0,12 |
20,00 |
0,10 |
|
Soundness Ratio |
0,96 |
152,63 |
0,38 |
26,67 |
0,30 |
|
Average Collection Period (days) |
111 |
30,93 |
85 |
286,89 |
22 |
|
Average Payment Period (days) |
60 |
-21,86 |
77 |
70,63 |
45 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
115,83 |
-7,53 |
125,26 |
-5,67 |
132,79 |
|
Quick Ratio (%) |
2,16 |
-82,57 |
12,39 |
-80,62 |
63,93 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
37,11 |
-10,15 |
41,30 |
-36,89 |
65,44 |
|
External Financing Average Cost |
0,01 |
-66,67 |
0,03 |
-25,00 |
0,04 |
|
Debt Service Coverage |
-7,48 |
-110,01 |
74,74 |
4.784,97 |
1,53 |
|
Interest Coverage |
28,90 |
127,38 |
12,71 |
78,76 |
7,11 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-2,26 |
-745,71 |
0,35 |
-98,90 |
31,92 |
|
Auto financing generated by Assets (%) |
-4,96 |
-1.001,82 |
0,55 |
-98,71 |
42,66 |
|
Breakdown Point |
1,06 |
-3,64 |
1,10 |
-5,98 |
1,16 |
|
Average Sales Volume per Employee |
4.643.662,96 |
-23,34 |
6.057.508,82 |
88,88 |
3.207.026,37 |
|
Average Cost per Employee |
97.318,33 |
34,74 |
72.224,46 |
19,35 |
60.515,15 |
|
Assets Turnover |
2,20 |
39,49 |
1,57 |
17,16 |
1,34 |
|
Inventory Turnover (days) |
19 |
-51,82 |
40 |
-12,70 |
45 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
12,97 |
-8,47 |
14,17 |
-25,15 |
18,93 |
|
Operating Profitability (%) |
13,02 |
-24,83 |
17,32 |
-20,88 |
21,89 |
|
Return on Equity (ROE) (%) |
80,18 |
136,59 |
33,89 |
215,12 |
-29,44 |
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 |
16,05 |
41,65 |
-25,59 |
|
A) CURRENT ASSETS |
83,95 |
58,35 |
25,59 |
|
LIABILITIES |
|||
|
A) NET WORTH |
15,40 |
37,02 |
-21,62 |
|
B) NON CURRENT LIABILITIES |
12,12 |
10,30 |
1,82 |
|
C) CURRENT LIABILITIES |
72,48 |
52,68 |
19,80 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
73,62 |
95,07 |
-21,45 |
|
Other operating income |
26,38 |
4,93 |
21,45 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-91,49 |
-79,07 |
-12,42 |
|
Variation in stocks of finished goods and work in progress |
0,73 |
0,00 |
0,73 |
|
GROSS MARGIN |
9,23 |
20,93 |
-11,70 |
|
Other operating costs |
-3,26 |
-11,05 |
7,79 |
|
Labour cost |
-1,54 |
-6,56 |
5,02 |
|
GROSS OPERATING RESULT |
4,43 |
3,32 |
1,11 |
|
Amortization of fixed assets |
-0,05 |
-1,06 |
1,01 |
|
Deterioration and result for fixed assets disposal |
-0,03 |
0,05 |
-0,08 |
|
Other expenses / income |
|
0,16 |
|
|
NET OPERATING RESULT |
4,35 |
2,47 |
1,88 |
|
Financial result |
-0,21 |
-0,01 |
-0,20 |
|
RESULT BEFORE TAX |
4,14 |
2,45 |
1,69 |
|
Taxes on profits |
-1,24 |
-0,64 |
-0,60 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
2,90 |
1,81 |
1,09 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
2,90 |
1,81 |
1,09 |
|
Amortization of fixed assets |
-0,05 |
-1,06 |
1,01 |
|
Deterioration and provisions variation |
-0,05 |
-0,07 |
0,02 |
|
|
3,00 |
2,94 |
0,06 |
Main Ratios
Figures given in €
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
5.824.658,00 |
-1.923.388,46 |
1.659.228,49 |
8.922.413,50 |
|
Working capital ratio |
0,12 |
-0,06 |
0,07 |
0,14 |
|
Soundness Ratio |
0,96 |
0,66 |
0,89 |
1,41 |
|
Average Collection Period (days) |
111 |
20 |
34 |
70 |
|
Average Payment Period (days) |
60 |
58 |
73 |
105 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
115,83 |
92,54 |
111,56 |
132,93 |
|
Quick Ratio (%) |
2,16 |
2,24 |
15,10 |
30,88 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
37,11 |
4,12 |
17,58 |
33,81 |
|
External Financing Average Cost |
0,01 |
0,03 |
0,04 |
0,06 |
|
Debt Service Coverage |
-7,48 |
0,44 |
2,12 |
4,33 |
|
Interest Coverage |
28,90 |
2,04 |
5,82 |
29,94 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-2,26 |
1,08 |
2,10 |
4,00 |
|
Auto financing generated by Assets (%) |
-4,96 |
3,18 |
4,77 |
9,41 |
|
Breakdown Point |
1,06 |
1,01 |
1,02 |
1,05 |
|
Average Sales Volume per Employee |
4.643.662,96 |
305.178,94 |
490.043,94 |
713.259,52 |
|
Average Cost per Employee |
97.318,33 |
20.611,26 |
25.549,78 |
35.098,42 |
|
Assets Turnover |
2,20 |
1,56 |
2,55 |
3,16 |
|
Inventory Turnover (days) |
19 |
18 |
35 |
51 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
12,97 |
1,87 |
4,20 |
8,82 |
|
Operating Profitability (%) |
13,02 |
3,84 |
6,58 |
11,21 |
|
Return on Equity (ROE) (%) |
80,18 |
4,62 |
13,08 |
23,82 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.90 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
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 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.