MIRA INFORM REPORT

 

 

Report Date :

01.04.2013

 

IDENTIFICATION DETAILS

 

Name :

BENITO URBAN SLU

 

 

Registered Office :

Calle Via Ausetania, 11, 08560 Manlleu  Barcelona

 

 

Country :

Spain

 

 

Financials (as on) :

31.07.2011

 

 

Date of Incorporation :

31.01.1992

 

 

Legal Form :

Sole-partnered Limited Liability Company

 

 

Line of Business :

Wholesaler of construction materials : glass

 

 

No. of Employees :

170

 

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 :

Good

 

 

Payment Behaviour :

Regular 

 

 

Litigation :

Clear 

 

NOTES:

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

 

ECGC Country Risk Classification List – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Spain

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

spain - ECONOMIC OVERVIEW

 

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

 

Source : CIA

 

Company name

 

BENITO URBAN SLU

CIF/NIF: B59987529

Company situation: Active

 

INFORMATION OF THE REQUEST

 

Data of your request

 

 

Registered Name BENITO URBAN SLU

 Complete Address VIA AUSETANIA, 11 08 08560

 Request reason MAX CREDIT

 

Year of the accounts to be delivered 2011

 Language Inglιs

 Delivery Method E-mail

 Delivery Format RTF

 Delivery time 4 days

 Report Reference Number 213578

 

 

Answer to the data in your request

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

Bank sources inform that the subject maintains since for years a correct operative, offering a favourable opinion based on their experience.

Cif / Nif

The NIF/CIF provided is registered as IVA (Added Value Tax) operator in the database of the Tax Office

 

 

EXECUTIVE SUMMARY

 

Identification

Current Business Name: BENITO URBAN SLU

Other names:  YES

Current Address:  CALLE VIA AUSETANIA, 11

08560 MANLLEU BARCELONA 

Branches:  1

Telephone number: 938521000 Fax: 938521001

URL:  www.benito.com 

Corporate e-mail:  info@benito.com

Financial Information

 

Balance sheet latest sales (2011):  39.483.778,22 € (Mercantile Register)

Result: 1.000.233,18 €

Total Assets: 101.999.171,92 €

Share capital:  150.000,00 €

Employees:  170

Listed on a Stock Exchange: NO

 

Commercial Information

 

Incorporation date:  31/01/1992

Activity:  Wholesale of construction materials : glass

NACE 2009 CODE: 4673

International Operations:  Imports and Exports

 

Corporate Structure

President: 

 ARMERO MONTES, MARIO

Parent Company: 

 BENITO ARTIS SL

Participations:  4

 

Other Complementary Information

Latest filed accounts in the Mercantile Register: 2011

Latest act published in BORME:  29/08/2012 Appointments

Latest press article:  03/10/2012 EXPANSIΣN DE CATALUΡA (FINANCIAL DATA)

Bank Entities:  There are

 

The date when this report was last updated is 01/04/2013.

The information contained in this report has been investigated and contrasted on 16/01/2013

 

Financial situation

Exercise:2011

 

Evolution            

 

Immediate liquidity

 

 

Excellent

 

 

Indebtedness

 

 

Very slight

 

 

Profitability

 

 

Sufficient

 

 

Soundness

 

 

Excellent

 

 

 

Performance

Incidents

None or Negligible

Business Trajectory

Excellent

 

Rating Explanation

Financial situation

•          The company’s financial situation is good.

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

•          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  medium depending on its sales volume.

•          The employees evolution has been positive.

Performance and Incidences

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

•          He have detected no recent legal actions or claims from the Administration against this company.

Accounts Filing

•          The company files regularly its accounts.

 

Reasons of the last outstanding calculation in the note

DATE

CHANGE

RESULTING NOTE

EVENT

30/11/2012

  Reduction

16

•          There has been a change in the formula version.

 

30/08/2012

  Increase

17

•          New financial statements have been uploaded.

 

INCIDENTS

 

Summary

LEGAL ACTIONS: No legal actions registered

ADMINISTRATIVE CLAIMS: No administrative claims registered

AFFECTED BY: 

4 Company / Companies in Insolvency Proceedings.

 

 

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

26/03/2013 12:03:16

Information from the Registro de Aceptaciones Impagados (RAI)- Disputed Bills register.

It can only be used for information legitimate needs of the consulting party, in accordance with its social or business activity, in order to grant a credit or the monitoring or control of the already granted credits and can not be transmitted or communicated to thirds, nor copied, duplicated, reproduced nor implemented to any database , owned or external, or reused it in anyway, direct or indirectly.

 

 

FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE

  

FINANCIAL ELEMENTS

 

Balance-sheet analysis

Figures given in €

 

31/07/2011

(7)

BALANCE SHEET

 

%

ASSETS

 

31/12/2010

(12)

BALANCE SHEET

 

%

ASSETS

 

31/12/2009

(12)

BALANCE SHEET

 

%

ASSETS

 

ASSETS

 

 

 

 

 

 

A) NON CURRENT ASSETS

3.780.481,13

3,71

24.919.881,45

25,09

21.680.507,61

23,25

B) CURRENT ASSETS

98.218.690,79

96,29

74.394.156,62

74,91

71.581.319,18

76,75

LIABILITIES

 

 

 

 

 

 

A) NET WORTH

86.338.861,74

84,65

86.663.150,23

87,26

81.046.836,42

86,90

B) NON CURRENT LIABILITIES

2.063.253,57

2,02

828.851,48

0,83

840.084,68

0,90

C) CURRENT LIABILITIES

13.597.056,61

13,33

11.822.036,36

11,90

11.374.905,69

12,20

 

Profit and loss account analysis

Figures given in €

 

31/07/2011

(7)

BALANCE SHEET

 

% NET TURNOVER

 

31/12/2010

(12)

BALANCE SHEET

 

% NET TURNOVER

 

31/12/2009

(12)

BALANCE SHEET

 

% NET TURNOVER

 

SALES

39.483.778,22

 

67.942.152,35

 

77.569.557,89

 

GROSS MARGIN

14.793.733,18

37,47

28.047.265,56

41,28

31.036.597,88

40,01

EBITDA

3.105.145,78

7,86

9.788.797,88

14,41

10.293.085,11

13,27

EBIT

1.424.545,67

3,61

6.681.571,45

9,83

9.442.126,21

12,17

NET RESULT

1.000.233,18

2,53

5.616.313,81

8,27

7.657.264,43

9,87

EFFECTIVE TAX RATE (%)

43,34

0,00

26,85

0,00

27,85

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

3,71

36,49

-32,78

A) CURRENT ASSETS

96,29

63,51

32,78

LIABILITIES

A) NET WORTH

84,65

50,05

34,60

B) NON CURRENT LIABILITIES

2,02

11,56

-9,54

C) CURRENT LIABILITIES

13,33

38,39

-25,06

 

 

 

 

 

COMPANY

(2011)

 

SECTOR

DIFFERENCE

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

 

 

 

SALES

99,97

98,69

1,28

GROSS MARGIN

37,46

27,00

10,46

EBITDA

7,86

4,97

2,89

EBIT

3,61

2,05

1,56

NET RESULT

2,53

1,24

1,29

 

Sector Composition

Compared sector (NACE 2009): 4673

Number of companies: 180

Size (sales figure): 7,000,000.00 - 40,000,000.00 Euros

 

OTHER DATA FROM THE ANNUAL FINANCIAL REPORT

 

 Results Distribution

Source: annual financial report 2011

Figures given in €

DISTRIBUTION BASE

APPLICATION A

Profit and Loss Account Balance

1.000.233,00

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

1.000.233,00

Total of Amounts to be distributed

1.000.233,00

Dividends

0,00

 

 

Carry over and others

0,00

 

 

Compensation of previous exercises losses

0,00

 

 

Application total

1.000.233,00

 

Auditing

Source: filing of annual financial statement 2011

Auditors’ opinion: FAVOURABLE

Auditor: DELOITTE S.L.

Auditor emphasis: 

Sin que afecte a nuestra opiniσn de auditorνa, llamamos la atenciσn respecto de lo seρalado en la  

Nota 2.4 de la memoria adjunta, en la que se indica que con fecha 27 de julio de 2011 el Socio Unico  

de la Sociedad aprobσ la modificaciσn de las fechas de inicio y cierre de su ejercicio social; por este  

motivo las cuentas anuales adjuntas corresponden ϊnicamente al periodo de siete meses iniciado el 1  

de enero de 2011 y finalizado el 31 de julio de 2011, Dicho aspecto debe ser tenido en consideraciσn  

para la adecuada interpretaciσn y comparaciσn de las cuentas anuales con las cifras del ejercicio  

anterior  

Sin que afecte a nuestra opiniσn de auditorνa llamarnos la atenciσn respecto de lo seρalado en la  

Nota 2.9 de la memoria adjunta, en la que se indica que los Administradores de la Sociedad han  

concluido un proceso de reestructuraciσn societaria que se ha realizado durante el ejercicio 2011.  

Como consecuencia de dicho proceso se ha revisado el criterio contable relacionado con el registro  

de las existencias en transito (vιase Nota 2.8). De acuerdo al marco normativo de informaciσn  

financiera aplicable, los cambios de criterio contable se realizan de forma retroactiva por lo que los  

Administradores han reexpresado las cifras comparativas del ejercicio anterior y por tanto las  

mismas difieren de las contenidas en las cuentas anuales aprobadas de dicho ejercicio. Asimismo,  

como consecuencia del proceso mencionado, la Sociedad ha revisado determinadas estimaciones  

contables lo que ha supuesto gastos de naturaleza extraordinaria (vιase Notas 8.7 y 9). Estos  

aspectos deben ser tenidos en consideraciσn para la adecuada interpretaciσn y comparaciσn de las  

cuentas anuales con las cifras del ejercicio anterior.  

Con fecha 1 de abril de 2011 otros auditores emitieron su informe de auditorνa acerca de las cuentas  

anuales del ejercicio terminado a 31 de diciembre de 2010 en el que expresaron una opiniσn con  

salvedades por incumplimiento de los principios y criterios contables por omisiσn de la informaciσn  

relativa a la identificaciσn de empresas del grupo, asociadas y partes vinculadas e importes  

correspondientes a saldos y operaciones mantenidas con ellas asν como la omisiσn de informaciσn  

requerida en el artνculo 229 y 260 de la Ley de Sociedades de Capital 

Auditing fees: 20.000,00 €

 

Facts subsequent to the closing

Source: Annual financial report 2011

Con fecha 1 de agosto de 2011, el Socio Ϊnico acordσ el reparto de un dividendo con cargo a reservas voluntarias por importe de 48.034.520 euros, que fue pagado en dicha fecha.

 

 

Company ADDRESSES

 

Business address

 

Current Legal Seat Address: 

CALLE VIA AUSETANIA, 11

08560 MANLLEU  BARCELONA

 

Previous Seat Address: 

CALLE RUSIΡOL 55

08560 MANLLEU  BARCELONA

 

Branches

STREET

POSTAL CODE

TOWN

PROVINCE

CALLE LLEVANT, 17

08503

SANT BARTOMEU DEL GRAU

Barcelona

There are 1 branches registered

 

 

CORPORATE STRUCTURE

  

ADMINISTRATIVE LINKS

 

Summary

 

 

 

 

Distribution of the administration board

 

Governing body : 5 members (latest change: 02/07/2012)

Other Positions : 9 (latest change: 20/08/2012)

Auditor : 2 (latest change: 30/11/2011)

Operative Board Members : 6 (latest change: 17/04/2012)

Non-current positions : 22 (latest change: 20/08/2012)

 

 

  Men (100%)

 

 

Main Board members, Directors and Auditor

Governing body

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

PRESIDENT

ARMERO MONTES, MARIO

20/12/2011

VICE-PRESIDENT

ZAMBON, NICOLA

20/12/2011

MANAGING DIRECTOR

CARRASQUILLA DOROW, MARCOS

30/11/2011

MEMBER OF THE BOARD

HENRI DOUSSET, OLIVIER

02/07/2012

 

 

 

Other Positions

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

OTHER

MARTIN GARCIA, JOSE MANUEL

16/09/2011

 

 

 

Auditor

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

AUDITOR

AUDITORIA Y CONSULTORIA S.L.P.

31/12/2010

AUDITOR

DELOITTE SL

30/11/2011

There are 16 board members, directors and auditors registered

Board members remuneration

       Source: Annual financial report 2011

        Board members remuneration: 0,00 €

 

Functional Managers

POSITION

NAME AND SURNAME

General Manager

CARRASQUILLA, MARCOS

Financial Manager

SALAT AUMATEL, TONI

Human Resources Director

FONT, EVA

Commercial Director

CANTOS PRADO, ANNA

Purchases Director

SERRA CODINA, FRANCESC

Exports Director

NOGUE MARGUI, PEDRO

FINANCIAL LINKS

 

Direct Shareholders

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

BENITO ARTIS SL

B64991763

100,00

OWN SOURCES

16/01/2013

There are 1 direct financial links through shareholders registered

Company with rating inferior to 7

 

Indirect Shareholders

Majority shareholder of BENITO ARTIS SL

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

ERGON CAPITAL PARTNERS SA

  NETHERLANDS

Major.

OWN SOURCES

07/02/2013

 

Former Shareholders

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

VALLDURIOLA PRENANOSA M. ASSUMPTA

 

Indef.

OWN SOURCES

28/09/2011

 

CARANDELL PEREZ JOAQUIN

 

Indef.

OWN SOURCES

28/09/2011

 

Direct Participations

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

ALTA CORA SL

B63666531

100,00

OWN SOURCES

16/01/2013

 

BENITO ECHIPAMENT URBAN SRL

ROMANIA

100,00

OWN SOURCES

16/01/2013

 

BENITO ARREDO URBANO SRL

ITALY

100,00

OWN SOURCES

16/01/2013

 

QUINGDAO BENITO CASTING MACHINERY CO LTD

CHINA

45,90

OWN SOURCES

16/01/2013

 

Former Participations

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

ONA CAPITAL PRIVAT SCR DE REGIMEN SIMPLIFICADO SA

A64321300

50,00

MERCANTILE REGISTER

31/12/2006

 

 

BUSINESS INFORMATION

 

Constitution

Incorporation date: 31/01/1992

 

Origin / Establishment

Establishment date: 01/01/1950

Founder’s Name: Jesus Benito Bonells, quien lo aportσ a la titular en 31-12-92

 

Activity

Activity: Wholesale of construction materials : glass

NACE 2009 CODE: 4673

NACE 2009 Activity: Wholesale of wood, construction materials and sanitary equipment

Business: LA FABRICACION, IMPORTACION, EXPORTACION, COMERCIALIZACION Y DISTRIBUCION DE PRODUCTOS DE CONSTRUCCION EN GENERAL, Y ESPECIALMENTE LOS DE FUNDICION Y METALICOS DE TODO TIPO, INCLUSO TUBERIA DE FUNDICION. ETC.

(Enlargement)AMPLIAR A: LA TENENCIA E INVERSION DE ACTIVOS FINANCIEROS, OBLIGACIONES, ACCIONES Y/ O PARTICIPACIONES DE OTRAS COMPAΡIAS DE IDENTICO O ANALOGO OBJETO SOCIAL.

Environmental information: YES (Page 49)  Annual financial report 2011

 

Employees

Latest employees figure: 170 (2013)

% of fixed employees: 89,22%

% of temporary employees: 10,78%

% of men: 59,87%

% of women: 40,13%

 

Employees evolution

 

 

 

 

Employees distribution

Source: Annual financial report 2011

CATEGORY

AVERAGE NUMBER OF EMPLOYEES

MEN

WOMEN

Distribution by sexes

 

94

63

 

COMMERCIAL OPERATIONS

PURCHASES

Import Percentage: 61%

Imports from: UE Y OTROS PAISES

National Distribution: 39%

SALES

Credit collections: 100%

Export Percentage: 22%

Exports to: UE Y OTROS PAISES

National Distribution: 78%

 

SUPPLIERS

BUSINESS NAME

INTERNATIONAL

QUINGDAO BENITO METALS

YES

TERRAPLAY SL

YES

There are 2 Suppliers

CLIENTS

BUSINESS NAME

INTERNATIONAL

BENITO FRANCE SARL

YES

SC BENITO ECHIPAMENT URBAN

YES

BENITO ARREDO URBANO SRL

YES

BENITO ARTIS SL

NO

There are 4 Clients

 

 

Sales breakdown

•          El 96,80% de su cifra de negocio corresponde a venta de productos.

•          El 3,20% de su cifra de negocio corresponde a prestaciσn de servicios.

 

Banks

ENTITY

BRANCH

ADDRESS

TOWN OR CITY

PROVINCE

CAIXABANK, S.A.

8610

C. PALLARS, 2

GRANOLLERS

Barcelona

BARCLAYS BANK, S.A.

0145

RB CATALUNYA 57

BARCELONA

Barcelona

BANCO DE SABADELL, S.A.

5197

C GIRONA 000006

GRANOLLERS

Barcelona

There are 3 bank entities registered

 

 

Summary of bank operations

Discount facilities: 0

Credit policy: 1

Mortgage loan: 0

Loans with no real security: 0

 

Bank operations

 

 

 Debt type: Credit policy

Granted limit:5.000.000,00 €

 Used limit:3.002.889,00 €

 Available limit:1.997.111,00 €

 Source: Filed Accounts (2011)

 

 

There are 1 bank operations registered

 

Grants

With this nif/cif there are no outstanding grants or outstanding balances. If you wish you could check the grants historical register

 

There are 2 grants registered

 

Brands

FORMER NAMES: 

•          FUNDICIO DUCTIL BENITO SL

Brand name: FENOKEE (Valid)

Type: GRAPHICAL    Scope: COMMUNITARY    Date: 19/11/2012

Brand name: BENITO.COM (Valid)

Type: GRAPHICAL    Scope: COMMUNITARY    Date: 20/04/2012

Brand name: NEOBARCINO (Valid)

Type: DENOMINATIVE    Scope: COMMUNITARY    Date: 28/03/2012

Brand name: BENITO URBAN (Valid)

Type: DENOMINATIVE    Scope: COMMUNITARY    Date: 05/10/2011

Brand name: LEDPOINT (Valid)

Type: DENOMINATIVE    Scope: NATIONAL    Date: 11/05/2010

There are 19 brands, signs and commercial names

 

 

LEGAL STRUCTURE

   

Constitution Data

Register Date: 31/01/1992

Register town: Barcelona

Announcement number: 83992

Share capital: 12.020,24 €

 

Current structure data

Legal form: Sole-partnered Limited Liability Company

Share capital: 150.000,00 €

 

 

Legal Aspects

Obligation to fill in Financial Statements: YES

Chamber census: YES (2011)

 

B.O.R.M.E.

(OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)

 

Summary

·           Acts on activity: 5 (Last: 28/03/2012, first: 24/02/1995)

·           Acts on administrators: 40 (Last: 29/08/2012, first: 01/04/1992)

·           Acts on capital: 2 (Last: 04/12/2000, first: 27/02/1997)

·           Acts on creation: 1 (Last: 01/04/1992)

·           Acts on filed accounts: 19 (Last: 30/09/2011, first: 07/10/1993)

·           Acts on identification: 2 (Last: 29/12/2011, first: 04/12/2000)

·           Acts on Information: 4 (Last: 28/09/2011, first: 27/02/1997)

 

Latest acts in B.O.R.M.E.

Other acts

ACT

DATE

NOTICE NUM.

MERCANTILE REGISTER

Appointments

29/08/2012

358229

Barcelona

Resignations

29/08/2012

358229

Barcelona

Appointments

11/07/2012

292682

Barcelona

Registered activity change

28/03/2012

142668

Barcelona

Appointments

13/01/2012

16040

Barcelona

Change of business name

29/12/2011

520627

Barcelona

Appointments

29/12/2011

520627

Barcelona

Resignations

29/12/2011

520627

Barcelona

Appointments

13/12/2011

493278

Barcelona

Appointments

13/12/2011

493276

Barcelona

There are 73 acts registered

 

PRESS ARTICLES

  

Press summary by type of information (last five years)

Legal notices: 0

Structural Data: 5 (Last: 21/10/2011, first: 12/03/2008)

Informative data: 4 (Last: 07/11/2011, first: 16/10/2008)

Financial Information: 1 (Last: 03/10/2012)

Negative information: 0

Business lines: 0

Historical press releases: 14 (Last: 04/12/2007, first: 11/09/2000)

 

Latest press article published

 03/10/2012 EXPANSIΣN DE CATALUΡA - FINANCIAL DATA

En su primer ejercicio completo con nuevos accionistas mayoritarios, BENITO URBAN logrσ en 2011 que la mitad de su facturaciσn procediera ya del extranjero. En total, la cνa. cerrσ en 2011 con una cifra de negocio de 70 millones, importe muy similar al del ejercicio anterior. Las exportaciones registraron un incremento superior al 100%, al pasar de 14 millones de euros en 2010 a cerca de 35 millones el pasado aρo. La cνa. atribuye la buena marcha del negocio a los mercados de Latinoamιrica y Europa del Este, donde ha duplicado sus ventas. En Africa ha crecido un 50% y en Europa destaca Francia, donde ya ha facturado 8 millones. En Espaρa ha inaugurado una nueva delegaciσn en Madrid. 

 

 07/11/2011 EXPANSIΣN DE CATALUΡA - GENERAL INFORMATION

La divisiσn de alumbrado pϊblico de la empresa FUNDICIO DUCTIL BENITO, ubicada en Manlleu, ha fabricado el alumbrado de los tϊneles de la Autopista de las Pedrizas, que unirα el interior de la provincia de Mαlaga con la Costa del Sol. Se trata de uno de los proyectos de mayor envergadura en los que ha participado la empresa en este sector, donde espera poder crecer. En total, la empresa ha instalado 1.200 proyectores que iluminarαn los seis tϊneles que forman parte de la vνa. 

 

 21/10/2011 EXPANSIΣN (Page 9) GOVERNING BODIES

FUNDICION DUCTIL BENITO ha fichado como presidente no ejecutivo a Mario Armero, que sustituye en el cargo a Joaquim Carandell, que temporalmente sale del consejo de administraciσn. 

 

 21/10/2011 EXPANSIΣN (Page 9) SHAREHOLDERS AND HOLDINGS

El fondo de capital riesgo ERGON, vinculado al grupo belga BRUXELLES LAMBERT, entrσ en agosto en el capital de FUNDICIO DUCTIL BENITO. ERGON tiene una participaciσn mayoritaria, que el fondo no ha detallado, mientras que la familia Carandell continϊa en el capital con una posiciσn minoritaria.  

Los planes de ERGON pasan por triplicar en cuatro aρos la facturaciσn en el exterior. En ese objetivo se enmarca asimismo la decisiσn de adoptar como nueva denominaciσn la marca BENITO URBAN, que ayudarα a la Cνa. en su expansiσn en el exterior. 

 

 02/08/2011 EXPANSIΣN (Page 8) SHAREHOLDERS AND HOLDINGS

ERGON CAPITAL PARTNERS ha iniciado sus actividades en Espaρa con la adquisiciσn de una participaciσn en FUNDICIO DUCTIL BENITO, dedicada a la fabricaciσn y comercializaciσn de equipamiento urbano.  

Ni el porcentaje que ha tomado ECP III (el tercer fondo de ERGON) ni el importe de la inversiσn ha trascendido, aunque se trata de una participaciσn relevante.  

La operaciσn incluye compraventa de acciones y ampliaciσn de capital.  

ERGON ha abierto una oficina en Madrid, al frente de la cual estα Nicola Zambon. Hasta ahora, la firma restringνa su actividad a Benelux, Francia, Italia, Portugal y Suiza.  

BENITO tiene una plantilla de 170 personas y plantas en Barcelona y China. 

 

There are 24 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 29/08/2012.

 

SITUATION BALANCE-SHEET

 

Assets

Figures given in €

 

31/07/2011

(7)

 

%

ASSETS

 

31/12/2010

(12)

 

%

ASSETS

 

31/12/2009

(12)

 

%

ASSETS

 

A) NON CURRENT ASSETS

3.780.481,13

3,71

24.919.881,45

25,09

21.680.507,61

23,25

I. Intangible assets

22.047,57

0,02

14.209,00

0,01

49.382,92

0,05

3. Patents, licences , trademarks and similars

1.981,66

0,00

2.752,30

0,00

4.073,40

0,00

5. Software

20.065,91

0,02

11.456,70

0,01

45.309,52

0,05

II. Tangible fixed assets

2.706.973,13

2,65

3.061.190,53

3,08

3.090.240,58

3,31

1. Property, plant and equipment

1.652.270,54

1,62

1.724.062,49

1,74

1.835.274,29

1,97

2. Technical fittings and other tangible assets

1.049.338,59

1,03

1.331.764,04

1,34

1.245.497,84

1,34

3. Fixed assets in progress and advances

5.364,00

0,01

5.364,00

0,01

9.468,45

0,01

III. Real-estate investments

 

 

 

 

 

 

IV. Long term investments in associated and affiliated companies

223.240,62

0,22

951.244,70

0,96

1.173.270,71

1,26

1. Net worth instruments

223.240,62

0,22

951.244,70

0,96

1.173.270,71

1,26

V. Long Term Financial Investments

525.986,17

0,52

20.815.645,18

20,96

17.298.384,76

18,55

1. Net worth instruments

 

 

 

 

1.041.548,00

1,12

2. Credits to third parties

464.249,72

0,46

13.253.033,58

13,34

7.198.059,18

7,72

3. Debt representative values

 

 

3.500.000,00

3,52

2.000.000,00

2,14

5. Other financial assets

61.736,45

0,06

4.062.611,60

4,09

7.058.777,58

7,57

VI. Assets by deferred taxes

302.233,64

0,30

77.592,04

0,08

69.228,64

0,07

VII. Non current commercial debts

 

 

 

 

 

 

B) CURRENT ASSETS

98.218.690,79

96,29

74.394.156,62

74,91

71.581.319,18

76,75

I. Non-current assets maintained for sale

 

 

 

 

 

 

II. Stocks

21.331.519,01

20,91

19.725.674,18

19,86

12.382.814,76

13,28

1. Goods available for sale

21.075.374,14

20,66

18.640.962,38

18,77

11.003.951,03

11,80

6. Pre-payments to suppliers

256.144,87

0,25

1.084.711,80

1,09

1.378.863,73

1,48

III. Trade Debtors and other receivable accounts

24.793.708,28

24,31

26.792.829,49

26,98

27.913.258,35

29,93

1. Clients

18.803.338,82

18,43

25.912.173,23

26,09

27.041.240,85

28,99

   b) Clients for sales and short term services rendering

18.803.338,82

18,43

25.912.173,23

26,09

27.041.240,85

28,99

2. Clients group and associated companies

4.887.017,90

4,79

 

 

 

 

3. Other debts

349.719,36

0,34

122.990,53

0,12

682.925,11

0,73

4. Staff

15.500,00

0,02

14.450,25

0,01

10.400,50

0,01

6. Other credits with the Public Administrations

738.132,20

0,72

743.215,48

0,75

178.691,89

0,19

IV. Short term investments in associated and affiliated companies

127.681,40

0,13

20.119,14

0,02

 

 

2. Credits to companies

127.681,40

0,13

20.119,14

0,02

 

 

V. Short term financial investments

29.758,14

0,03

26.669.315,98

26,85

22.596.854,26

24,23

1. Net worth instruments

 

 

1.088.856,00

1,10

 

 

2. Credits to companies

158,45

0,00

266.136,03

0,27

774.492,64

0,83

3. Debt representative values

 

 

1.150.000,00

1,16

 

 

5. Other financial assets

29.599,69

0,03

24.164.323,95

24,33

21.822.361,62

23,40

VI. Short term periodifications

223.386,03

0,22

 

 

 

 

VII. Cash and equivalents

51.712.637,93

50,70

1.186.217,83

1,19

8.688.391,81

9,32

1. Treasury

51.712.637,93

50,70

1.186.217,83

1,19

3.688.391,81

3,95

2. Other cash equivalents

 

 

 

 

5.000.000,00

5,36

TOTAL ASSETS (A + B)

101.999.171,92

100,00

99.314.038,07

100,00

93.261.826,79

100,00

 

Net Worth and Liabilities

Figures given in €

 

31/07/2011

(7)

 

%

ASSETS

 

31/12/2010

(12)

 

%

ASSETS

 

31/12/2009

(12)

 

%

ASSETS

 

A) NET WORTH

86.338.861,74

84,65

86.663.150,23

87,26

81.046.836,42

86,90

A-1) Equity

86.338.861,74

84,65

86.663.150,23

87,26

81.046.836,42

86,90

I. Capital

150.000,00

0,15

150.000,00

0,15

150.000,00

0,16

1. Authorized capital

150.000,00

0,15

150.000,00

0,15

150.000,00

0,16

II. Issue premium

 

 

 

 

 

 

III. Reserves

85.188.628,56

83,52

80.896.836,42

81,46

73.239.571,99

78,53

1. Legal and statutory

30.000,00

0,03

30.000,00

0,03

30.000,00

0,03

2. Other funds

85.158.628,56

83,49

80.866.836,42

81,43

73.209.571,99

78,50

IV. (Net worth own shares and participations)

 

 

 

 

 

 

V. Results from previous years

 

 

 

 

 

 

VI. Other loans from partners

 

 

 

 

 

 

VII. Exercise Result

1.000.233,18

0,98

5.616.313,81

5,66

7.657.264,43

8,21

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

 

 

 

 

 

 

B) NON CURRENT LIABILITIES

2.063.253,57

2,02

828.851,48

0,83

840.084,68

0,90

I. Long term provisions

1.324.521,67

1,30

 

 

 

 

4. Other provisions

1.324.521,67

1,30

 

 

 

 

II. Long term debts

738.731,90

0,72

828.851,48

0,83

826.743,33

0,89

5. Other financial liabilities

738.731,90

0,72

828.851,48

0,83

826.743,33

0,89

III. Long term debts with associated and affiliated companies

 

 

 

 

 

 

IV. Liabilities by deferred taxes

 

 

 

 

13.341,35

0,01

V. Long term periodifications

 

 

 

 

 

 

VI. Non current trade creditors

 

 

 

 

 

 

VII. Long term debts with special characteristics

 

 

 

 

 

 

C) CURRENT LIABILITIES

13.597.056,61

13,33

11.822.036,36

11,90

11.374.905,69

12,20

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

 

 

 

 

 

 

II. Short term provisions

 

 

 

 

138.627,59

0,15

III. Short term debts

3.179.053,04

3,12

1.380.239,16

1,39

180.239,16

0,19

2. Debts with bank entities

3.002.888,89

2,94

1.200.000,00

1,21

 

 

5. Other financial liabilities

176.164,15

0,17

180.239,16

0,18

180.239,16

0,19

IV. Short term debts with associated and affiliated companies

 

 

 

 

 

 

V. Trade creditors and other payable accounts

10.418.003,57

10,21

10.389.613,90

10,46

11.056.038,94

11,85

1. Suppliers

6.219.699,30

6,10

5.564.240,96

5,60

6.061.856,19

6,50

   b) Short term suppliers

6.219.699,30

6,10

5.564.240,96

5,60

6.061.856,19

6,50

2. Suppliers group and associated companies

19.227,56

0,02

71.545,68

0,07

 

 

3. Different creditors

2.540.037,38

2,49

2.993.894,79

3,01

3.184.712,82

3,41

4. Staff (pending remunerations)

405.026,04

0,40

284.206,31

0,29

304.485,70

0,33

5. Liabilities by current taxes

734.939,71

0,72

909.968,30

0,92

743.803,86

0,80

6. Other debts with Public Administrations

339.844,04

0,33

323.907,90

0,33

294.830,43

0,32

7. Clients pre-payments

159.229,54

0,16

241.849,96

0,24

466.349,94

0,50

VI. Short term periodifications

 

 

52.183,30

0,05

 

 

VII. Short term debts with special characteristics

 

 

 

 

 

 

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

101.999.171,92

100,00

99.314.038,07

100,00

93.261.826,79

100,00

 

PROFIT AND LOSS ACCOUNT

 

Figures given in €

 

31/07/2011

(7)

 

%OPERATING

INCOME

 

31/12/2010

(12)

 

%OPERATING

INCOME

 

31/12/2009

(12)

 

%OPERATING

INCOME

 

A) CONTINUED OPERATIONS

 

 

 

 

 

 

1. Net Turnover

39.483.778,22

99,97

67.942.152,35

99,97

77.569.557,89

99,97

A) Sales

38.218.468,23

96,77

65.618.339,74

96,55

75.060.279,99

96,74

b) Services provided

1.265.309,99

3,20

2.323.812,61

3,42

2.509.277,90

3,23

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

 

 

 

 

 

 

3. Works for its own assets

 

 

 

 

 

 

4. Supplies

-24.700.087,54

-62,54

-39.918.126,48

-58,73

-46.552.400,92

-60,00

a) Material consumed

-22.275.914,63

-56,40

-33.622.411,53

-49,47

-42.709.202,50

-55,05

b) Raw materials consumed

-195.131,98

-0,49

-300.214,47

-0,44

-320.886,88

-0,41

c) Works carried out for other companies

-1.783.620,00

-4,52

-3.610.485,44

-5,31

-3.522.311,54

-4,54

d) Deterioration on merchandises, raw materials and other supplies

-445.420,93

-1,13

-2.385.015,04

-3,51

 

 

5. Other operating income

10.042,50

0,03

23.239,69

0,03

19.440,91

0,03

a) Other incomes

10.042,50

0,03

9.574,67

0,01

14.732,47

0,02

b) Operating grants included in the exercise result

 

 

13.665,02

0,02

4.708,44

0,01

6. Labour cost

-5.204.150,05

-13,18

-8.075.836,92

-11,88

-7.692.281,55

-9,91

a) Wages and similar expenses

-4.309.457,01

-10,91

-6.656.119,76

-9,79

-6.296.107,34

-8,11

b) Social costs

-894.693,04

-2,27

-1.419.717,16

-2,09

-1.396.174,21

-1,80

7. Other operating costs

-7.875.607,25

-19,94

-12.870.604,57

-18,94

-13.254.937,48

-17,08

a) External services

-6.903.020,99

-17,48

-12.637.573,01

-18,59

-12.883.733,17

-16,61

b) Taxes

-17.579,34

-0,04

-37.436,74

-0,06

-62.066,10

-0,08

c) Losses, deterioration and variation on business operations provisions

-953.698,51

-2,41

-193.862,49

-0,29

-307.610,46

-0,40

d) Other day to day expenses

-1.308,41

0,00

-1.732,33

0,00

-1.527,75

0,00

8. Amortization of fixed assets

-281.480,67

-0,71

-528.348,90

-0,78

-543.348,44

-0,70

9. Allocation of subventions on non financial investments and other

 

 

 

 

 

 

10. Provisions excess

 

 

 

 

 

 

11. Deterioration and result for fixed assets disposal

-3.582,87

-0,01

2.137,16

0,00

-11.410,62

-0,01

b) Results for disposals and others

-3.582,87

-0,01

2.137,16

0,00

-11.410,62

-0,01

12. Negative difference of business combinations

 

 

 

 

 

 

13. Other results

-4.366,67

-0,01

106.959,12

0,16

-92.493,58

-0,12

A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13)

1.424.545,67

3,61

6.681.571,45

9,83

9.442.126,21

12,17

14. Financial income

961.112,96

2,43

1.433.136,76

2,11

1.406.116,77

1,81

b) From negotiable values and other financial instruments

961.112,96

2,43

1.433.136,76

2,11

1.406.116,77

1,81

   b 2) From third parties

961.112,96

2,43

1.433.136,76

2,11

1.406.116,77

1,81

15. Financial expenses

-122.242,01

-0,31

-5.607,14

-0,01

-15.250,32

-0,02

b) For debts with third parties

-122.242,01

-0,31

-5.607,14

-0,01

-15.250,32

-0,02

16. Reasonable value variation on financial instruments

 

 

 

 

 

 

17. Exchange differences

-141.708,36

-0,36

137.995,74

0,20

32.985,78

0,04

18. Deterioration and result for disposal of financial instruments

-356.308,94

-0,90

-568.911,03

-0,84

-252.678,32

-0,33

a) Deteriorations and losses

-356.308,94

-0,90

-568.911,03

-0,84

-230.762,11

-0,30

b) Results for disposals and others

 

 

 

 

-21.916,21

-0,03

19. Other financial income and expenses

 

 

 

 

 

 

A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19)

340.853,65

0,86

996.614,33

1,47

1.171.173,91

1,51

A.3) RESULT BEFORE TAXES (A.1 + A.2)

1.765.399,32

4,47

7.678.185,78

11,30

10.613.300,12

13,68

20. Taxes on profits

-765.166,14

-1,94

-2.061.871,97

-3,03

-2.956.035,69

-3,81

A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20)

1.000.233,18

2,53

5.616.313,81

8,26

7.657.264,43

9,87

B) DISCONTINUED OPERATIONS

 

 

 

 

 

 

21. Net of taxes exercise result coming from discontinued operations

 

 

 

 

 

 

A.5) EXERCISE RESULT (A.4 + 21)

1.000.233,18

2,53

5.616.313,81

8,26

7.657.264,43

9,87

 

NET WORTH CHANGES STATUS

 

Status of recognized income and expenses

Figures given in €

NET WORTH CHANGES (1/2)

31/07/2011

(7)

 

31/12/2010

(12)

 

31/12/2009

(12)

 

A) PROFIT AND LOSS ACCOUNT RESULT

1.000.233,18

5.616.313,81

7.657.264,43

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)

1.000.233,18

5.616.313,81

7.657.264,43

 

Total net worth changes status

Figures given in €

NET WORTH CHANGES ( 2 /2)

AUTHORIZED CAPITAL

RESERVES

EXERCISE RESULT

TOTAL

FINAL ACCOUNT BALANCE OF EXERCISE (2008)

150.000,00

63.959.469,55

9.280.102,44

73.389.571,99

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)

150.000,00

63.959.469,55

9.280.102,44

73.389.571,99

I. Total recognized income and expenses

 

 

7.657.264,43

7.657.264,43

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

9.280.102,44

-9.280.102,44

 

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

150.000,00

73.239.571,99

7.657.264,43

81.046.836,42

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)

150.000,00

73.239.571,99

7.657.264,43

81.046.836,42

I. Total recognized income and expenses

 

 

5.616.313,81

5.616.313,81

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

7.657.264,43

-7.657.264,43

 

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

150.000,00

80.896.836,42

5.616.313,81

86.663.150,23

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)

150.000,00

80.896.836,42

5.616.313,81

86.663.150,23

I. Total recognized income and expenses

 

 

1.000.233,18

1.000.233,18

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

4.291.792,14

-5.616.313,81

-1.324.521,67

FINAL ACCOUNT BALANCE OF EXERCISE (2011)

150.000,00

85.188.628,56

1.000.233,18

86.338.861,74

 

CASH FLOW STATUS

 

Figures given in €

 

31/07/2011

(7)

 

31/12/2010

(12)

 

31/12/2009

(12)

 

A) CASH FLOW COMING FROM OPERATING ACTIVITIES

 

 

 

1. exercise result before taxes

1.765.399,32

7.678.185,78

10.613.300,12

2. Results adjustments

998.091,95

2.051.331,00

-478.405,54

a) Amortization of fixed assets (+)

281.480,67

528.348,90

543.348,44

b) Value correction for deterioration (+/-)

1.410.191,00

3.090.644,62

230.143,83

c) Change of Provisions (+/-)

 

 

138.627,59

e) Results for decline and disposal of fixed assets (+/-)

3.582,87

-2.137,16

11.410,62

f) Results for decline and disposal of financial instruments (+/-)

 

 

21.916,21

g) Financial income (-)

-961.112,96

-1.433.136,76

-1.406.116,77

f) Financial expenses (+)

122.242,01

5.607,14

15.250,32

i) Change difference (+/-)

141.708,36

-137.995,74

-32.985,78

3. Changes in current capital

25.158.230,55

-13.755.778,78

-1.458.739,48

a) Stocks (+/-)

3.098.537,00

-9.636.145,76

5.476.381,28

b) Debtors and other receivable accounts (+/-)

1.034.568,00

517.360,37

2.418.098,44

c) Other current assets (+/-)

26.308.609,55

-4.092.580,86

-10.363.669,89

d) Creditors and other payable accounts (+/-)

-5.231.779,00

-457.968,24

1.158.080,37

e) Other current liabilities (+/-)

-52.183,00

-86.444,29

-147.629,68

f) Other non-current assets and liabilities (+/-)

478,00

 

 

4. Other cash flow coming from operating activities

-40.566,05

-489.882,66

-1.565.169,24

a) Interests payments (-)

-122.242,01

-5.607,14

-15.250,32

c) Interests collections (+)

961.112,96

1.433.136,76

1.406.116,77

d) Collections (payments) for profit tax (+/-)

-879.437,00

-1.917.412,28

-2.956.035,69

5. Cash flow coming from operating activities (1 + 2 + 3 + 4)

27.881.155,77

-4.516.144,66

7.110.985,86

B) CASH FLOW COMING FROM INVESTING ACTIVITIES

 

 

 

6. Investment payments (-)

-594.095,00

-6.503.460,94

-7.841.217,64

a) Group and associated companies

-52.140,00

-1.471.416,47

-155.263,81

b) Intangible assets

-15.000,00

 

-22.033,90

c) Tangible assets

-526.955,00

-473.236,05

-168.412,60

e) Other financial assets

 

-4.558.808,42

-7.426.278,69

h) Other assets

 

 

-69.228,64

7. Disinvestment collections (+)

21.672.373,00

2.177.327,73

 

a) Group and associated companies

780.144,00

1.124.531,45

 

c) Tangible assets

139.020,00

11.248,28

 

e) Other financial assets

20.753.209,00

1.041.548,00

 

8. Cash Flow in investment activities (6 + 7)

21.078.278,00

-4.326.133,21

-7.841.217,64

C) CASH FLOW COMING FROM FINANCING ACTIVITIES

 

 

 

9. Net worth instruments collections and payments

 

 

 

10. Financial liabilities instruments collections and payments

1.708.694,42

1.202.108,15

-194.793,35

a) Issue

1.798.814,00

1.202.108,15

 

   2. Debts with bank entities (+)

1.798.814,00

1.200.000,00

 

   5. Other debts (+)

 

2.108,15

 

b) Return and amortization of

-90.119,58

 

-194.793,35

   5. Other debts (-)

-90.119,58

 

-194.793,35

11. Payments for dividends and remunerations of other net worth instruments

 

 

 

12. Cash Flow in financing activities (9 + 10 + 11)

1.708.694,42

1.202.108,15

-194.793,35

D) Exchange rate variations effect

-141.708,36

137.995,74

32.985,78

E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D)

50.526.419,83

-7.502.173,98

-892.039,35

Cash or equivalents at the beginning of the exercise

1.186.217,83

8.688.391,81

9.580.431,16

Cash or equivalents at the end of the exercise

51.712.637,93

1.186.217,83

8.688.391,81

 

RATIOS

 

 

31/07/2011

(7)

 

CHANGE %

31/12/2010

(12)

 

CHANGE %

31/12/2009

(12)

 

BALANCE RATIOS

Working Capital (€)

84.621.634,18

35,24

62.572.120,26

3,93

60.206.413,49

Working capital ratio

0,83

31,75

0,63

-3,08

0,65

Soundness Ratio

22,84

556,32

3,48

-6,95

3,74

Average Collection Period (days)

226

59,39

142

9,44

130

Average Payment Period (days)

115

62,44

71

6,49

67

LIQUIDITY RATIOS

Current Ratio (%)

722,35

14,79

629,28

0,00

629,29

Quick Ratio (%)

380,54

61,51

235,62

-14,33

275,04

DEBT RATIOS

Borrowing percentage (%)

3,84

72,97

2,22

105,56

1,08

External Financing Average Cost

0,03

 

0,00

-100,00

0,02

Debt Service Coverage

0,14

128,57

-0,49

-450,00

0,14

Interest Coverage

11,65

-99,02

1.191,62

92,46

619,14

GENERAL AND ACTIVITIES RATIOS

Auto financing generated by sales (%)

70,61

1.161,80

-6,65

-172,52

9,17

Auto financing generated by Assets (%)

27,34

700,88

-4,55

-159,63

7,62

Breakdown Point

1,04

-6,31

1,11

-2,63

1,14

Average Sales Volume per Employee

235.681,84

-38,95

386.034,96

-14,03

449.053,83

Average Cost per Employee

31.063,99

-32,30

45.885,44

3,04

44.530,98

Assets Turnover

0,39

-42,65

0,68

-18,07

0,83

Inventory Turnover (days)

311

74,90

178

85,71

96

RESULTS RATIOS

Return on Assets (ROA) (%)

1,40

-79,20

6,73

-33,50

10,12

Operating Profitability (%)

1,67

-77,00

7,26

-32,15

10,70

Return on Equity (ROE) (%)

2,04

-76,86

8,86

-32,37

13,10

 

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

3,71

36,49

-32,78

A) CURRENT ASSETS

96,29

63,51

32,78

LIABILITIES

A) NET WORTH

84,65

50,05

34,60

B) NON CURRENT LIABILITIES

2,02

11,56

-9,54

C) CURRENT LIABILITIES

13,33

38,39

-25,06

 

 

 

 

 

Results Analytical Account

Figures given in  %

 

COMPANY

(2011)

 

SECTOR

 

DIFFERENCE

 

Net Turnover

99,97

98,69

1,28

Other operating income

0,03

1,31

-1,28

OPERATING INCOME

100,00

100,00

0,00

Supplies

-62,54

-73,08

10,54

Variation in stocks of finished goods and work in progress

 

0,07

 

GROSS MARGIN

37,46

27,00

10,46

Other operating costs

-19,94

-12,68

-7,26

Labour cost

-13,18

-11,16

-2,02

GROSS OPERATING RESULT

4,34

3,16

1,18

Amortization of fixed assets

-0,71

-1,60

0,89

Deterioration and result for fixed assets disposal

-0,01

0,23

-0,24

Other expenses / income

 

0,25

 

NET OPERATING RESULT

3,61

2,05

1,56

Financial result

0,86

-0,42

1,28

RESULT BEFORE TAX

4,47

1,63

2,84

Taxes on profits

-1,94

-0,41

-1,53

RESULT COMING FROM CONTINUED OPERATIONS

2,53

1,22

1,31

Exercise result coming from discontinued operations net of taxes

 

0,02

 

NET RESULT

2,53

1,24

1,29

Amortization of fixed assets

-0,71

-1,60

0,89

Deterioration and provisions variation

-3,54

-1,33

-2,21

 

6,79

4,17

2,62

 

Main Ratios

Figures given in €

 

COMPANY

(2011)

 

PTILE25

 

PTILE50

 

PTILE75

 

BALANCE RATIOS

 

 

 

 

Working Capital (€)

84.621.634,18

967.737,76

2.362.328,70

4.056.324,49

Working capital ratio

0,83

0,11

0,24

0,41

Soundness Ratio

22,84

1,02

1,63

3,08

Average Collection Period (days)

226

78

102

139

Average Payment Period (days)

115

73

96

123

LIQUIDITY RATIOS

 

 

 

 

Current Ratio (%)

722,35

120,61

155,60

243,08

Quick Ratio (%)

380,54

3,12

10,49

43,12

DEBT RATIOS

 

 

 

 

Borrowing percentage (%)

3,84

6,55

21,65

37,79

External Financing Average Cost

0,03

0,03

0,04

0,06

Debt Service Coverage

0,14

0,39

3,70

10,38

Interest Coverage

11,65

0,96

2,36

7,70

GENERAL AND ACTIVITIES RATIOS

 

 

 

 

Auto financing generated by sales (%)

70,61

1,28

2,86

4,67

Auto financing generated by Assets (%)

27,34

1,72

3,48

5,25

Breakdown Point

1,04

1,00

1,02

1,04

Average Sales Volume per Employee

235.681,84

220.828,63

305.197,00

509.036,71

Average Cost per Employee

31.063,99

27.791,36

34.339,59

41.608,76

Assets Turnover

0,39

0,90

1,21

1,56

Inventory Turnover (days)

311

40

85

136

RESULTS RATIOS

 

 

 

 

Return on Assets (ROA) (%)

1,40

0,40

2,86

5,25

Operating Profitability (%)

1,67

2,10

4,88

7,35

Return on Equity (ROE) (%)

2,04

0,46

5,38

14,76

 

ADDITIONAL INFORMATION

  

This company has been consulted was last displayed on 29/01/2013, 0 times in the last quarter and 3.078 total times.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.39

UK Pound

1

Rs.82.32

Euro

1

Rs.69.54

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

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

 

Unlimited

71-85

Aa

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

 

Large

56-70

A

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

 

Fairly Large

41-55

Ba

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

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

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

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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

 

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

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

 

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

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