MIRA
INFORM REPORT
|
Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
FAHER HERRAMIENTA INDUSTRIAL SL |
|
|
|
|
Registered Office : |
Calle Kapelamendi
(Pol. Industrial Betoño), 14 – Bj, 01013 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
09.04.2008 |
|
|
|
|
Legal Form : |
Sole-partnered Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of other machinery and equipment |
|
|
|
|
No. of Employees : |
6 |
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 – 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 |
Answer to the data in your request
The
correct addres is Calle Kapelamendi (Pol. Industrial Betoño), 14, Bj, 01013
Vitoria-Gasteiz (Araba/Álava).
Telephone
number
The
phone provided (945143355) belongs to the foreign department of the subject.
Cif /
Nif
The CIF provided is registered
as IVA (Added Value Tax) operator in the database of the Tax Office.
EXECUTIVE SUMMARY
Identification
Current
Business Name: FAHER HERRAMIENTA INDUSTRIAL SL
Other
names: NO
Current
Address: CALLE KAPELAMENDI (POL. INDUSTRIAL
BETOÑO), 14 - BJ
01013 VITORIA-GASTEIZ ARABA/ÁLAVA
Telephone
number: 945289049 Fax: 945271700
URL:
www.faherma.com
Corporate
e-mail: faherma@faherma.com
Financial Information
Balance
sheet latest sales (2011): 1.550.664,27 € (Mercantile Register)
Result: 9.351,7 €
Total
Assets: 600.299 €
Share
capital: 10.000,00 €
Employees: 6
Listed on a Stock
Exchange: NO
Commercial Information
Incorporation
date: 09/04/2008
Activity: Wholesale of other products
NACE
2009 CODE: 4669
International Operations: Imports
and Exports
Corporate Structure
Administrator:
Parent
Company:
Other Complementary Information
Latest
filed accounts in the Mercantile Register: 2011
Latest
act published in BORME: 27/07/2011 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 18/09/2012.
The
information contained in this report has been investigated and contrasted
on 18/09/2012
Rating Informa Explanation
Financial
situation
•
The company’s financial situation
is unfavourable.
•
The company’s financial situation
evolution has been stable.
•
The sales evolution and results 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 positive.
Performance
and Incidences
•
The available information indicates
that the company does not have payment incidences.
•
He have detected no recent legal
actions or claims from the Administration against this company.
Accounts
Filing
•
The company files regularly its
accounts.
Reasons of the last outstanding
calculation in the note
|
DATE |
CHANGE |
RESULTING
NOTE |
EVENT |
|
13/09/2012 |
Equal |
10 |
•
New financial statements have been
uploaded. |
Summary
LEGAL ACTIONS: No legal actions registered at
ADMINISTRATIVE
CLAIMS: No administrative claims registered at
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
13/09/2012
18:09:19
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
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 |
|
|
|
|
17.158,32 |
2,96 |
|
B) CURRENT ASSETS |
600.299,00 |
100,00 |
440.285,35 |
100,00 |
562.822,05 |
97,04 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
18.305,28 |
3,05 |
8.953,58 |
2,03 |
1.589,48 |
0,27 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
50.000,00 |
8,62 |
|
C) CURRENT LIABILITIES |
581.993,72 |
96,95 |
431.331,77 |
97,97 |
528.390,89 |
91,10 |
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 |
1.550.664,27 |
|
1.369.858,09 |
|
1.221.223,20 |
|
|
GROSS MARGIN |
350.448,60 |
22,60 |
177.882,97 |
12,99 |
189.557,85 |
15,52 |
|
EBITDA |
9.189,50 |
0,59 |
26.947,45 |
1,97 |
-61.559,27 |
-5,04 |
|
EBIT |
12.373,29 |
0,80 |
18.979,45 |
1,39 |
-63.059,27 |
-5,16 |
|
NET RESULT |
9.351,70 |
0,60 |
7.364,10 |
0,54 |
-51.168,02 |
-4,19 |
|
EFFECTIVE TAX RATE (%) |
24,00 |
0,00 |
24,00 |
0,00 |
-24,00 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures
expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on
the total assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
|
31,48 |
|
|
|
|
|
|
A) CURRENT ASSETS |
100,00 |
68,52 |
31,48 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
3,05 |
42,36 |
-39,31 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
14,52 |
|
|
|
|
|
|
C) CURRENT LIABILITIES |
96,95 |
43,13 |
53,82 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT
ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
98,89 |
1,11 |
|
|
|
|
|
GROSS MARGIN |
22,60 |
40,26 |
-17,66 |
|
|
|
|
|
EBITDA |
0,59 |
4,94 |
-4,34 |
|
|
|
|
|
EBIT |
0,80 |
2,54 |
-1,74 |
|
|
|
|
|
NET RESULT |
0,60 |
1,09 |
-0,49 |
|
|
|
|
Sector Composition
Compared
sector (NACE 2009): 4669
Number
of companies: 1325
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 |
9.351,70 |
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 |
9.351,70 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises
losses |
9.351,70 |
|
|
|
Application total |
9.351,70 |
ADDRESSES
Current
Legal Seat Address:
CALLE KAPELAMENDI
(POL. INDUSTRIAL BETOÑO), 14 - BJ
01013 VITORIA-GASTEIZ
ARABA/ÁLAVA
Characteristics of the current address
Type
of establishment: store
Local Situation: main
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Summary
|
|
|
|
|
|
Distribution of the
administration board |
|
|
Governing body : 2 members (latest
change: 27/05/2008) Operative Board Members : 1 (latest
change: 28/12/2011) |
|
|
Main Board members, Directors
and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
ADMINISTRATOR |
CERRATO LECHON, BASILIO |
27/05/2008 |
|
ADMINISTRATOR |
PALACIOS SIERRA, MARIA EVA |
27/05/2008 |
|
|
|
|
There
are 2 board members, directors and auditors registered
Board
members remuneration
Source: Annual
financial report 2011
Board members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
CERRATO LECHON, BASILIO |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
FAHERMA SL |
B01021807 |
100,00 |
OWN SOURCES |
18/09/2012 |
There
are 1 direct financial links through shareholders registered
Majority shareholder of FAHERMA
SL
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CERRATO LECHON BASILIO |
|
50,00 |
OWN SOURCES |
22/06/2012 |
POTENTIAL LINKS
Search Criterion: ”FAHER
HERRAMIENTA INDUSTRIAL SL”
URL: www.boe.es
Actos de ÁLAVA del BORME núm.
160 de 2009 24 Ago 2009 ... 244939 - FAHER HERRAMIENTA
INDUSTRIAL, S.L.(2008). 244940 - FAHERMA , S.L.(2008). 244941 - FAMERCO XXI,
S.L.(2008). 244942 ...
URL: www.crisabora.com
50 € ...y
de regalo - Infantil - Cris Abora SA 6 Abr 2012 ... Abac
Ibérica de Aire comprimido, S.A.; Faher Herramienta Industrial, S.L.U.; Karpa
Tools, S.L.; Black & Decker; Makita; Dewalt; Manufacturas ...
BUSINESS INFORMATION
Incorporation date: 09/04/2008
Activity
Informa
Code: 1617900
Informa
Activity: Wholesale of other products
NACE
2009 CODE: 4669
NACE
2009 Activity: Wholesale of other machinery and
equipment
Business: COMERCIO,
VENTA, IMPORT-EXPORT, ETC DE HERRAMIENTAS MANUALES Y MAQUINARIA INDUSTRIAL Y
AGRICOLA; CONSTRUCCION EN GENERAL; COMERCIO DE INMUEBLES.
Employees
Latest employees figure: 6 (2012)
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO POPULAR ESPAÑOL, S.A. |
|
|
VITORIA |
|
|
BANKINTER, S.A. |
|
|
VITORIA |
|
|
BANKIA, S.A. |
|
|
VITORIA |
|
There
are 3 bank entities registered
LEGAL STRUCTURE
Constitution Data
Register
Date: 09/04/2008
Register
town: Araba/Álava
Announcement
number: 260979
Register
data:
Volume 1388, Folio 33, Section 8, Sheet 13686,
Inscription I/A
1 (2008-05-14)
Share capital: 10.000
€
Current structure data
Legal
form: Sole-partnered Limited Liability Company
Share capital: 10.000,00 €
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: 27/05/2008)
Acts
on capital: 0
Acts
on creation: 1 (Last: 27/05/2008)
Acts
on filed accounts: 3 (Last: 27/07/2011, first: 24/08/2009)
Acts
on identification: 0
Acts on
Information: 1 (Last: 27/05/2008)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed
Accounts (2010) |
27/07/2011 |
224042 |
Araba/Álava |
|
Annual Filed
Accounts (2009) |
09/08/2010 |
285995 |
Araba/Álava |
|
Annual Filed
Accounts (2008) |
24/08/2009 |
244939 |
Araba/Álava |
|
Appointments |
27/05/2008 |
260979 |
Araba/Álava |
|
Declaration of individual
ownership |
27/05/2008 |
260979 |
Araba/Álava |
|
Constitution |
27/05/2008 |
260979 |
Araba/Álava |
There are 6 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 10/08/2012.
SITUATION BALANCE-SHEET
Assets
Figures
given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
|
|
|
|
17.158,32 |
2,96 |
|
I. Intangible assets |
|
|
|
|
1.000,00 |
0,17 |
|
II. Tangible fixed assets |
|
|
|
|
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in
associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial
Investments |
|
|
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
16.158,32 |
2,79 |
|
VII. Non current commercial
debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
600.299,00 |
100,00 |
440.285,35 |
100,00 |
562.822,05 |
97,04 |
|
I. Non-current assets
maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
|
|
28.300,00 |
6,43 |
135.000,00 |
23,28 |
|
III. Trade Debtors and other
receivable accounts |
444.042,74 |
73,97 |
226.409,02 |
51,42 |
253.792,34 |
43,76 |
|
1. Clients |
444.042,74 |
73,97 |
224.768,17 |
51,05 |
|
|
|
b) Clients for sales and short
term services rendering |
444.042,74 |
73,97 |
224.768,17 |
51,05 |
|
|
|
3. Other debtors |
|
|
1.640,85 |
0,37 |
253.792,34 |
43,76 |
|
IV. Short term investments in
associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial
investments |
|
|
|
|
|
|
|
VI. Short term
periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
156.256,26 |
26,03 |
185.576,33 |
42,15 |
174.029,71 |
30,01 |
|
TOTAL ASSETS (A + B) |
600.299,00 |
100,00 |
440.285,35 |
100,00 |
579.980,37 |
100,00 |
Net Worth and Liabilities
Figures
given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NET WORTH |
18.305,28 |
3,05 |
8.953,58 |
2,03 |
1.589,48 |
0,27 |
|
A-1) Equity |
18.305,28 |
3,05 |
8.953,58 |
2,03 |
1.589,48 |
0,27 |
|
I. Capital |
10.000,00 |
1,67 |
10.000,00 |
2,27 |
10.000,00 |
1,72 |
|
1. Authorized capital |
10.000,00 |
1,67 |
10.000,00 |
2,27 |
10.000,00 |
1,72 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
42.757,50 |
7,12 |
42.757,50 |
9,71 |
42.757,50 |
7,37 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-43.803,92 |
-7,30 |
-51.168,02 |
-11,62 |
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
9.351,70 |
1,56 |
7.364,10 |
1,67 |
-51.168,02 |
-8,82 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth
instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants
and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
50.000,00 |
8,62 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
|
|
50.000,00 |
8,62 |
|
1. Debts with bank entities |
|
|
|
|
50.000,00 |
8,62 |
|
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 |
581.993,72 |
96,95 |
431.331,77 |
97,97 |
528.390,89 |
91,10 |
|
I. Liabilities related with
non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
202.016,45 |
33,65 |
193.630,46 |
43,98 |
195.772,32 |
33,75 |
|
1. Debts with bank entities |
202.016,45 |
33,65 |
193.630,46 |
43,98 |
|
|
|
2. Financial leasing creditors |
|
|
|
|
195.772,32 |
33,75 |
|
IV. Short term debts with
associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other
payable accounts |
379.977,27 |
63,30 |
237.701,31 |
53,99 |
332.618,57 |
57,35 |
|
1. Suppliers |
379.977,27 |
63,30 |
221.072,96 |
50,21 |
|
|
|
b) Short term suppliers |
379.977,27 |
63,30 |
221.072,96 |
50,21 |
|
|
|
2. Other creditors |
|
|
16.628,35 |
3,78 |
332.618,57 |
57,35 |
|
VI. Short term
periodifications |
|
|
|
|
|
|
|
VII. Short term debts with
special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND
LIABILITIES (A + B + C) |
600.299,00 |
100,00 |
440.285,35 |
100,00 |
579.980,37 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures
given in €
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
1.550.664,27 |
100,00 |
1.369.858,09 |
100,00 |
1.221.223,20 |
100,00 |
|
2. Variation in stocks of
finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-1.200.215,67 |
-77,40 |
-1.191.975,12 |
-87,01 |
-1.031.665,35 |
-84,48 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
|
|
|
|
-12,50 |
0,00 |
|
7. Other operating costs |
-344.311,66 |
-22,20 |
-140.804,70 |
-10,28 |
-251.227,33 |
-20,57 |
|
8. Amortization of fixed
assets |
|
|
-1.000,00 |
-0,07 |
-1.500,00 |
-0,12 |
|
9. Allocation of subventions
on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for
fixed assets disposal |
3.183,79 |
0,21 |
-6.968,00 |
-0,51 |
|
|
|
12. Negative difference of
business combinations |
|
|
|
|
|
|
|
13. Other results |
3.052,56 |
0,20 |
-10.130,82 |
-0,74 |
122,71 |
0,01 |
|
A) OPERATING RESULT (1 + 2 + 3
+ 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
12.373,29 |
0,80 |
18.979,45 |
1,39 |
-63.059,27 |
-5,16 |
|
14. Financial income |
249,57 |
0,02 |
352,15 |
0,03 |
587,87 |
0,05 |
|
b) Other financial income |
249,57 |
0,02 |
352,15 |
0,03 |
587,87 |
0,05 |
|
15. Financial expenses |
-779,88 |
-0,05 |
|
|
-6.249,51 |
-0,51 |
|
16. Reasonable value variation
on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
461,89 |
0,03 |
-9.642,00 |
-0,70 |
1.394,57 |
0,11 |
|
18. Deterioration and result
for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and
expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 +
16 + 17 + 18 + 19) |
-68,42 |
0,00 |
-9.289,85 |
-0,68 |
-4.267,07 |
-0,35 |
|
C) RESULT BEFORE TAXES (A + B) |
12.304,87 |
0,79 |
9.689,60 |
0,71 |
-67.326,34 |
-5,51 |
|
20. Taxes on profits |
-2.953,17 |
-0,19 |
-2.325,50 |
-0,17 |
16.158,32 |
1,32 |
|
D) EXERCISE RESULT (C + 20) |
9.351,70 |
0,60 |
7.364,10 |
0,54 |
-51.168,02 |
-4,19 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures
given in €
|
NET WORTH CHANGES (1/3) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT
RESULT |
9.351,70 |
7.364,10 |
-51.168,02 |
|
INCOME AND EXPENSES ALLOCATED
DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial
instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants
and subventions |
|
|
|
|
IV. For actuarial profits and
losses and other adjustments |
|
|
|
|
V. Non-current assets and
related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED
DIRECTLY TO NET WORTH (I + II + III + IV +V+VI+VII) |
|
|
|
|
PROFIT AND LOSS ACCOUNT
TRANSFERS |
|
|
|
|
VIII. For valuation of
financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants
and subventions |
|
|
|
|
XI. Non-current assets and
related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
|
|
|
C) TOTAL TRANSFERS TO THE
PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+ XII+ XIII) |
|
|
|
|
TOTAL INCOME AND EXPENSES
RECOGNIZED (A + B + C) |
9.351,70 |
7.364,10 |
-51.168,02 |
Total net worth changes status
Figures
given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2008) |
10.000,00 |
|
|
42.757,50 |
|
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) |
10.000,00 |
|
|
42.757,50 |
|
I. Total recognized income and
expenses |
|
|
|
-51.168,02 |
|
II. Operations with partners
or owners |
|
|
|
|
|
III. Other net worth
variations |
|
42.757,50 |
|
-42.757,50 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2009) |
10.000,00 |
42.757,50 |
|
-51.168,02 |
|
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) |
10.000,00 |
42.757,50 |
|
-51.168,02 |
|
I. Total recognized income and
expenses |
|
|
|
7.364,10 |
|
II. Operations with partners
or owners |
|
|
|
|
|
III. Other net worth
variations |
|
|
-51.168,02 |
51.168,02 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2010) |
10.000,00 |
42.757,50 |
-51.168,02 |
7.364,10 |
|
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) |
10.000,00 |
42.757,50 |
-51.168,02 |
7.364,10 |
|
I. Total recognized income and
expenses |
|
|
|
9.351,70 |
|
II. Operations with partners
or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
7.364,10 |
-7.364,10 |
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2011) |
10.000,00 |
42.757,50 |
-43.803,92 |
9.351,70 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2008) |
52.757,50 |
|
||
|
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) |
52.757,50 |
|
||
|
I. Total recognized income and
expenses |
-51.168,02 |
|
||
|
II. Operations with partners
or owners |
|
|
||
|
III. Other net worth
variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2009) |
1.589,48 |
|
||
|
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) |
1.589,48 |
|
||
|
I. Total recognized income and
expenses |
7.364,10 |
|
||
|
II. Operations with partners
or owners |
|
|
||
|
III. Other net worth
variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF
EXERCISE (2010) |
8.953,58 |
|
||
|
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) |
8.953,58 |
|
||
|
I. Total recognized income and
expenses |
9.351,70 |
|
||
|
II. Operations with partners
or owners |
|
|
||
|
III. Other net worth
variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE
(2011) |
18.305,28 |
|
||
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
18.305,28 |
104,45 |
8.953,58 |
-74,00 |
34.431,16 |
|
Working capital ratio |
0,03 |
50,00 |
0,02 |
-66,67 |
0,06 |
|
Soundness Ratio |
|
|
|
-100,00 |
0,09 |
|
Average Collection Period
(days) |
103 |
73,33 |
59 |
-20,67 |
75 |
|
Average Payment Period (days) |
89 |
38,20 |
64 |
-31,27 |
93 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
103,14 |
1,05 |
102,08 |
-4,17 |
106,52 |
|
Quick Ratio (%) |
26,85 |
-37,59 |
43,02 |
30,60 |
32,94 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
33,65 |
-23,49 |
43,98 |
3,78 |
42,38 |
|
External Financing Average
Cost |
0,00 |
|
|
-100,00 |
0,02 |
|
Debt Service Coverage |
21,60 |
-6,70 |
23,15 |
567,68 |
-4,95 |
|
Interest Coverage |
15,87 |
|
|
100,00 |
-10,09 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales
(%) |
0,60 |
-1,64 |
0,61 |
114,99 |
-4,07 |
|
Auto financing generated by
Assets (%) |
1,56 |
-17,89 |
1,90 |
122,20 |
-8,56 |
|
Breakdown Point |
1,01 |
0,00 |
1,01 |
6,32 |
0,95 |
|
Average Sales Volume per
Employee |
|
|
|
-100,00 |
1.221.223,20 |
|
Average Cost per Employee |
|
|
|
-100,00 |
12,50 |
|
Assets Turnover |
2,58 |
-17,04 |
3,11 |
47,39 |
2,11 |
|
Inventory Turnover (days) |
|
-100,00 |
9 |
-81,68 |
47 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,06 |
-52,20 |
4,31 |
139,65 |
-10,87 |
|
Operating Profitability (%) |
2,59 |
-12,50 |
2,96 |
127,90 |
-10,61 |
|
Return on Equity (ROE) (%) |
67,22 |
-37,89 |
108,22 |
102,55 |
-4.235,75 |
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 |
|
31,48 |
|
|
A) CURRENT ASSETS |
100,00 |
68,52 |
31,48 |
|
LIABILITIES |
|||
|
A) NET WORTH |
3,05 |
42,36 |
-39,31 |
|
B) NON CURRENT LIABILITIES |
|
14,52 |
|
|
C) CURRENT LIABILITIES |
96,95 |
43,13 |
53,82 |
|
|
|
|
|
Results Analytical Account
Figures
given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,89 |
1,11 |
|
Other operating income |
|
1,11 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-77,40 |
-60,42 |
-16,98 |
|
Variation in stocks of
finished goods and work in progress |
|
0,68 |
|
|
GROSS MARGIN |
22,60 |
40,26 |
-17,66 |
|
Other operating costs |
-22,20 |
-14,01 |
-8,19 |
|
Labour cost |
|
-21,58 |
|
|
GROSS OPERATING RESULT |
0,40 |
4,67 |
-4,27 |
|
Amortization of fixed assets |
|
-2,45 |
|
|
Deterioration and result for
fixed assets disposal |
0,21 |
-0,01 |
0,22 |
|
Other expenses / income |
|
0,33 |
|
|
NET OPERATING RESULT |
0,80 |
2,54 |
-1,74 |
|
Financial result |
0,00 |
-1,02 |
1,02 |
|
RESULT BEFORE TAX |
0,79 |
1,52 |
-0,72 |
|
Taxes on profits |
-0,19 |
-0,42 |
0,24 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,60 |
1,09 |
-0,49 |
|
Exercise result coming from
discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,60 |
1,09 |
-0,49 |
|
Amortization of fixed assets |
|
-2,45 |
|
|
Deterioration and provisions
variation |
0,21 |
0,05 |
0,16 |
|
|
0,40 |
3,49 |
-3,09 |
Main Ratios
Figures
given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
18.305,28 |
29.268,42 |
124.200,44 |
309.925,77 |
|
Working capital ratio |
0,03 |
0,10 |
0,26 |
0,43 |
|
Soundness Ratio |
|
0,85 |
1,81 |
4,08 |
|
Average Collection Period
(days) |
103 |
62 |
100 |
143 |
|
Average Payment Period (days) |
89 |
92 |
129 |
190 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
103,14 |
116,04 |
156,56 |
228,07 |
|
Quick Ratio (%) |
26,85 |
6,28 |
22,32 |
60,32 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
33,65 |
5,13 |
20,06 |
38,30 |
|
External Financing Average
Cost |
0,00 |
0,03 |
0,05 |
0,09 |
|
Debt Service Coverage |
21,60 |
0,00 |
2,59 |
9,11 |
|
Interest Coverage |
15,87 |
0,44 |
1,75 |
6,34 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by
sales (%) |
0,60 |
0,92 |
2,85 |
5,60 |
|
Auto financing generated by
Assets (%) |
1,56 |
1,18 |
3,47 |
6,35 |
|
Breakdown Point |
1,01 |
1,00 |
1,02 |
1,05 |
|
Average Sales Volume per
Employee |
|
91.331,14 |
136.558,65 |
203.554,35 |
|
Average Cost per Employee |
|
21.605,35 |
28.723,97 |
37.628,09 |
|
Assets Turnover |
2,58 |
0,80 |
1,18 |
1,69 |
|
Inventory Turnover (days) |
0 |
32 |
94 |
203 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,06 |
0,25 |
2,95 |
5,64 |
|
Operating Profitability (%) |
2,59 |
1,77 |
5,12 |
8,65 |
|
Return on Equity (ROE) (%) |
67,22 |
-0,73 |
4,71 |
13,18 |
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.90 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.00 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.