MIRA INFORM REPORT
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Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
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Name : |
PRINOVA SPAIN SL |
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Registered Office : |
Complete Address Calle Azalea, Miniparc I, Edificio A Madrid 28109 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.04.2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of agricultural raw materials, drinks & tobacco |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
Data of your request
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Registered Name PRINOVA SPAIN S.L. Complete Address Calle Azalea, Miniparc I, Edificio A Madrid 28109 Telephones +34 91 3844214 + 44 207466 5460 Request reason MAX CREDIT |
Year of the accounts to be delivered 2011 Language Inglés Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference Number 216565 |
Answer to the data in your request
The data of your request have been confirmed and are correct.
The NIF provided IS registered as IVA (VAT) operator.
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: PRINOVA SPAIN SL
Other names: NO
Current Address: CALLE DE LA AZALEA (ED A MINIPARC I), 1
Telephone number: 913844214
URL: www.prinovaeurope.com
Corporate e-mail: ignacio.rojas@prinova.es
Financial Information
Balance sheet latest sales (2011): 3.683.050,32 € (Mercantile Register)
Result: -286.409,18 €
Total Assets: 3.517.513,59 €
Share capital: 3.000,00 €
Employees: 5
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 15/04/2011
Activity: Wholesale of agricultural raw materials, drinks & tobacco
NACE 2009 CODE: 4621
International Operations: Imports and Exports
Corporate Structure
Joint and Several Administrator:
Parent Company:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 21/09/2012 Appointments
Latest press article: No press articles registered for this company
Bank Entities: There are
Rating Informa Explanation
Financial situation
The company’s financial situation is very unfavourable.
Company Structure
The company’s capitalization degree determines that its structure is normal.
The company’s size is 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.
Reasons of the last outstanding calculation in the note
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DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
09/01/2013 |
Reduction |
3 |
New financial statements have been uploaded. |
|
30/11/2012 |
Reduction |
9 |
There has been a change in the formula version. |
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 
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT
There is no information related to the nif/cif consulted in the in the EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT file
This information comes from Experian Bureau Empresarial Service, property of Experian Bureau de Crédito S.A. It could just be used for businessmen or professionals and for the own aims of the business, and could not be transferred or transmitted to third parties, copied, duplicate or reproduce, nor incorporate to any owned or external database, or reuse it in any direct or indirect way. Experian Bureau de Crédito S.A. may file you for damages it may suffer in case of breaching any of the afore mentioned obligations. Experian would not be responsible of the lack of accuracy in the supplied information when it coincides with the one supplied by the creditor entities.
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
02/04/2013 08:04:39
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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|
31/12/2011 (9) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
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|
A) NON CURRENT ASSETS |
|
|
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B) CURRENT ASSETS |
3.517.513,59 |
100,00 |
|
LIABILITIES |
|
|
|
A) NET WORTH |
-283.409,18 |
-8,06 |
|
B) NON CURRENT LIABILITIES |
|
|
|
C) CURRENT LIABILITIES |
3.800.922,77 |
108,06 |
Profit and loss account
analysis
Figures given in €
|
|
31/12/2011 (9) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
3.683.050,32 |
|
|
GROSS MARGIN |
204.215,31 |
5,54 |
|
EBITDA |
-1.828,04 |
-0,05 |
|
EBIT |
-1.828,04 |
-0,05 |
|
NET RESULT |
-286.409,18 |
-7,78 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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BALANCE SHEET ANALYSIS: % on the total assets |
|
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ASSETS |
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|||
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A) NON CURRENT ASSETS |
|
30,99 |
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A) CURRENT ASSETS |
100,00 |
69,01 |
30,99 |
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LIABILITIES |
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A) NET WORTH |
-8,06 |
38,08 |
-46,14 |
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|
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B) NON CURRENT LIABILITIES |
|
13,09 |
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|
|
|
|
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C) CURRENT LIABILITIES |
108,06 |
48,83 |
59,23 |
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
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SALES |
100,00 |
98,89 |
1,11 |
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GROSS MARGIN |
5,54 |
16,88 |
-11,34 |
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EBITDA |
-0,05 |
3,79 |
-3,84 |
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EBIT |
-0,05 |
2,48 |
-2,53 |
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NET RESULT |
-7,78 |
1,45 |
-9,23 |
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Sector Composition
Compared sector (NACE 2009): 4621
Number of companies: 246
Size (sales figure): 2,800,000.00 - 7,000,000.00 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 |
-286.409,18 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
0,00 |
|
Total of Amounts to be distributed |
-286.409,18 |
Dividends |
0,00 |
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|
Carry over and others |
0,00 |
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Compensation of previous exercises losses |
-286.409,18 |
|
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Application total |
-286.409,18 |
Facts subsequent to the closing
Source: Annual financial report 2011
After the closure no relevant facts requiring their inclusion in the annual accounts have taken place.
ADDRESSES
Current Legal Seat Address:
CALLE DE LA AZALEA (ED A MINIPARC I), 1
28109 ALCOBENDAS MADRID
Previous Seat Address:
CALLE AGUSTIN DE FOXA 25 - PISO 11 B
28036 MADRID
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE JAZMIN, 76 - QUINTO A |
28033 |
MADRID |
Madrid |
There are 1 former branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration board |
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Governing body : 2 members (latest change: 04/05/2011) Other Positions : 3 (latest change: 10/09/2012) Operative Board Members : 1 (latest change: 02/08/2011) |
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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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JOINT AND SEVERAL ADMINISTRATOR |
YORK DAVID HOUSTON |
04/05/2011 |
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JOINT AND SEVERAL ADMINISTRATOR |
THORP DONALD, KEVIN |
04/05/2011 |
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There are 5 board members, directors and auditors registered
Board members remuneration
Source: Annual financial report 2011
Board members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
DE ROJAS, IGNACIO |
FINANCIAL LINKS
Direct Shareholders
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BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PRINOVA LTD |
UNITED KINGDOM |
100,00 |
OWN SOURCES |
04/04/2013 |
There are 1 direct financial links through shareholders registered
You can obtain business information of foreign companies
POTENTIAL LINKS
Search Criterion: ”PRINOVA SPAIN SL”
URL: www.afca-aditivos.org
PRINOVA SPAIN, S.L. Población - AFCA | Aditivos alimentarios PRINOVA SPAIN, S.L.. Contacto: Sr. Ignacio de Rojas Dirección: C/Azalea 1, Edificio A, Miniparc I Código Postal: 28109. Población: ALCOBENDAS (Madrid) ...
URL: www.prinovaeurope.com
Prinova Europe - Contact +44 (0)20 7466 5460 info@prinovaeurope.com. Benelux & France. X. +32 (0)52 55 62 32 info@prinova.be. Spain. X. +34 91 384 42 14 info@prinova.es ...
URL: www.prinovausa.com
Nutralys® Pea Protein - Prinova Prinova Spain S.L.. C/ Jazmín, 76. 5° A. 28033 Madrid. T: +34 91 384 42 14. F: + 44 (0)20 7466 5471 www.prinovaeurope.com info@prinova.es. Nutralys® Pea ...
BUSINESS INFORMATION
Incorporation date: 15/04/2011
Establishment date: 01/01/2011
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Code: 1612000
Activity: Wholesale of agricultural raw materials, drinks & tobacco
NACE 2009 CODE: 4621
NACE 2009 Activity: Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
Business: IMPORTACION Y DISTRIBUCION DE INGREDIENTES ESENCIALES PARA LA COMIDA, AROMAS FRAGANCIAS Y OTRAS RELEVANTES EN LAS INDUSTRIAS FARMACEUTICAS Y NUTRACEUTICAS
Latest employees figure: 5 (2013)
% of fixed employees: 100,00%
% of men: 50,00%
% of women: 50,00%
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Sales representatives and similar |
|
1 |
1 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 98%
Imports from: UE Y OTROS PAISES
National Distribution: 2%
SALES
Export Percentage: 3%
Exports to: UE
National Distribution: 97%
Professional and advertising services
Source: Annual financial report 2011
Professional services expenses: 61.348,28 €
Advertising services expenses: 3.472,51 €
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
JPMORGAN CHASE BANK NATIONAL ASSOCIATION, S.E. |
|
|
MADRID |
|
There are 1 bank entities registered.
LEGAL STRUCTURE
Constitution
Data
Register Date: 15/04/2011
Register town: Madrid
Announcement number: 207862
Register data:
Volume 28801, Folio 10, Section 8, Sheet 518554,
Inscription I/A 1 (2011-05-04)
Legal form: LIMITED LIABILITY COMPANY
Share capital: 3.000 €
Legal form: Limited Liability Company
Share capital: 3.000,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 4 (Last: 21/09/2012, first: 16/05/2011)
Acts on capital: 0
Acts on creation: 1 (Last: 16/05/2011)
Acts on filed accounts: 0
Acts on identification: 1 (Last: 12/07/2012)
Acts on Information: 1 (Last: 16/05/2011)
Latest acts in B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Change of registered address |
12/07/2012 |
295155 |
Madrid |
|
|
|
New business address: CALLE DE LA AZALEA (ED A MINIPARC I), 1 28109 - ALCOBENDAS - Madrid Register Data: Volume 28801, Folio 14, Section 8, Sheet 518554, Inscription I/A 3 (02/07/2012) Publication Data: Register Madrid, Gazette 132, Page 32161, Announcement 295155 (12/07/2012) |
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Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
21/09/2012 |
386794 |
Madrid |
|
Resignations |
21/09/2012 |
386794 |
Madrid |
|
Appointments |
15/07/2011 |
298302 |
Madrid |
|
Appointments |
16/05/2011 |
207862 |
Madrid |
|
Declaration of individual ownership |
16/05/2011 |
207862 |
Madrid |
|
Constitution |
16/05/2011 |
207862 |
Madrid |
There are 7 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 09/01/2013.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2011 (9) |
% ASSETS |
|
A) NON CURRENT ASSETS |
|
|
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I. Intangible assets |
|
|
|
II. Tangible fixed assets |
|
|
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III. Real-estate investments |
|
|
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IV. Long term investments in associated and affiliated companies |
|
|
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V. Long Term Financial Investments |
|
|
|
VI. Assets by deferred taxes |
|
|
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VII. Non current commercial debts |
|
|
|
B) CURRENT ASSETS |
3.517.513,59 |
100,00 |
|
I. Non-current assets maintained for sale |
|
|
|
II. Stocks |
1.532.647,47 |
43,57 |
|
III. Trade Debtors and other receivable accounts |
1.808.355,58 |
51,41 |
|
1. Clients |
1.808.355,58 |
51,41 |
|
b) Clients for sales and short term services rendering |
1.808.355,58 |
51,41 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
V. Short term financial investments |
|
|
|
VI. Short term periodifications |
3.972,56 |
0,11 |
|
VII. Cash and equivalents |
172.537,98 |
4,91 |
|
TOTAL ASSETS (A + B) |
3.517.513,59 |
100,00 |
Net Worth and Liabilities
Figures given in €
|
|
31/12/2011 (9) |
% ASSETS |
|
A) NET WORTH |
-283.409,18 |
-8,06 |
|
A-1) Equity |
-283.409,18 |
-8,06 |
|
I. Capital |
3.000,00 |
0,09 |
|
1. Authorized capital |
3.000,00 |
0,09 |
|
II. Issue premium |
|
|
|
III. Reserves |
|
|
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IV. (Net worth own shares and participations) |
|
|
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V. Results from previous years |
|
|
|
VI. Other loans from partners |
|
|
|
VII. Exercise Result |
-286.409,18 |
-8,14 |
|
VIII. (Interim dividend) |
|
|
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IX. Other net worth instruments |
|
|
|
A-2) Value changes adjustments |
|
|
|
A-3) Received legacies, grants and subventions |
|
|
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B) NON CURRENT LIABILITIES |
|
|
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I. Long term provisions |
|
|
|
II. Long term debts |
|
|
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III. Long term debts with associated and affiliated companies |
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
V. Long term periodifications |
|
|
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VI. Non current trade creditors |
|
|
|
VII. Long term debts with special characteristics |
|
|
|
C) CURRENT LIABILITIES |
3.800.922,77 |
108,06 |
|
I. Liabilities related with non-current assets maintained
for sale |
|
|
|
II. Short term provisions |
|
|
|
III. Short term debts |
|
|
|
IV. Short term debts with associated and affiliated
companies |
3.517.447,12 |
100,00 |
|
V. Trade creditors and other payable accounts |
283.475,65 |
8,06 |
|
1. Suppliers |
242.520,48 |
6,89 |
|
b) Short term suppliers |
242.520,48 |
6,89 |
|
2. Other creditors |
40.955,17 |
1,16 |
|
VI. Short term periodifications |
|
|
|
VII. Short term debts with special characteristics |
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
3.517.513,59 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
31/12/2011 (9) |
%OPERATING INCOME |
|
1. Net Turnover |
3.683.050,32 |
100,00 |
|
2. Variation in stocks of finished goods and work in
progress |
|
|
|
3. Works for its own assets |
|
|
|
4. Supplies |
-3.478.835,01 |
-94,46 |
|
5. Other operating income |
|
|
|
6. Labour cost |
-103.293,95 |
-2,80 |
|
7. Other operating costs |
-102.749,40 |
-2,79 |
|
8. Amortization of fixed assets |
|
|
|
9. Allocation of subventions on non financial investments
and other |
|
|
|
10. Provisions excess |
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
12. Negative difference of business combinations |
|
|
|
13. Other results |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 +
10 + 11 + 12 + 13) |
-1.828,04 |
-0,05 |
|
14. Financial income |
6,69 |
0,00 |
|
b) Other financial income |
6,69 |
0,00 |
|
15. Financial expenses |
-74,09 |
0,00 |
|
16. Reasonable value variation on financial instruments |
|
|
|
17. Exchange differences |
-284.513,74 |
-7,72 |
|
18. Deterioration and result for disposal of financial
instruments |
|
|
|
19. Other financial income and expenses |
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-284.581,14 |
-7,73 |
|
C) RESULT BEFORE TAXES (A + B) |
-286.409,18 |
-7,78 |
|
20. Taxes on profits |
|
|
|
D) EXERCISE RESULT (C + 20) |
-286.409,18 |
-7,78 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/2) |
31/12/2011 (9) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
-286.409,18 |
|
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) |
-286.409,18 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /2) |
AUTHORIZED CAPITAL |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
|
|
|
|
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) |
|
|
|
|
I. Total recognized income and expenses |
|
-286.409,18 |
-286.409,18 |
|
II. Operations with partners or owners |
3.000,00 |
|
3.000,00 |
|
1. Capital Increases |
3.000,00 |
|
3.000,00 |
|
III. Other net worth variations |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
3.000,00 |
-286.409,18 |
-283.409,18 |
RATIOS
|
|
31/12/2011 (9) |
|
BALANCE RATIOS |
|
|
Working Capital (€) |
-283.409,18 |
|
Working capital ratio |
-0,08 |
|
Average Collection Period (days) |
177 |
|
Average Payment Period (days) |
382 |
|
LIQUIDITY RATIOS |
|
|
Current Ratio (%) |
92,54 |
|
Quick Ratio (%) |
4,54 |
|
DEBT RATIOS |
|
|
Borrowing percentage (%) |
100,00 |
|
External Financing Average Cost |
0,00 |
|
Debt Service Coverage |
-12,28 |
|
Interest Coverage |
-24,67 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
Auto financing generated by sales (%) |
-7,78 |
|
Auto financing generated by Assets (%) |
-8,14 |
|
Breakdown Point |
1,00 |
|
Average Sales Volume per Employee |
1.841.525,16 |
|
Average Cost per Employee |
51.646,97 |
|
Assets Turnover |
1,05 |
|
Inventory Turnover (days) |
159 |
|
RESULTS RATIOS |
|
|
Return on Assets (ROA) (%) |
-0,05 |
|
Operating Profitability (%) |
-0,05 |
|
Return on Equity (ROE) (%) |
101,06 |
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 |
|
30,99 |
|
|
A) CURRENT ASSETS |
100,00 |
69,01 |
30,99 |
|
LIABILITIES |
|||
|
A) NET WORTH |
-8,06 |
38,08 |
-46,14 |
|
B) NON CURRENT LIABILITIES |
|
13,09 |
|
|
C) CURRENT LIABILITIES |
108,06 |
48,83 |
59,23 |
|
|
|
|
|
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 |
-94,46 |
-83,28 |
-11,18 |
|
Variation in stocks of finished goods and work in progress |
|
0,15 |
|
|
GROSS MARGIN |
5,54 |
16,88 |
-11,34 |
|
Other operating costs |
-2,79 |
-7,36 |
4,57 |
|
Labour cost |
-2,80 |
-5,37 |
2,57 |
|
GROSS OPERATING RESULT |
-0,05 |
4,15 |
-4,20 |
|
Amortization of fixed assets |
|
-1,34 |
|
|
Deterioration and result for fixed assets disposal |
|
0,02 |
|
|
Other expenses / income |
|
-0,36 |
|
|
NET OPERATING RESULT |
-0,05 |
2,48 |
-2,53 |
|
Financial result |
-7,73 |
-0,55 |
-7,18 |
|
RESULT BEFORE TAX |
-7,78 |
1,92 |
-9,70 |
|
Taxes on profits |
|
-0,48 |
|
|
RESULT COMING FROM CONTINUED OPERATIONS |
-7,78 |
1,45 |
-9,23 |
|
Exercise result coming from discontinued operations net of
taxes |
|
0,00 |
|
|
NET RESULT |
-7,78 |
1,45 |
-9,23 |
|
Amortization of fixed assets |
|
-1,34 |
|
|
Deterioration and provisions variation |
|
0,03 |
|
|
|
-7,78 |
2,76 |
-10,54 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-283.409,18 |
72.922,99 |
369.809,15 |
796.293,04 |
|
Working capital ratio |
-0,08 |
0,05 |
0,19 |
0,35 |
|
Soundness Ratio |
|
0,74 |
1,37 |
2,82 |
|
Average Collection Period (days) |
177 |
38 |
59 |
94 |
|
Average Payment Period (days) |
382 |
41 |
71 |
103 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
92,54 |
106,77 |
134,42 |
189,34 |
|
Quick Ratio (%) |
4,54 |
3,91 |
11,78 |
40,27 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
100,00 |
8,55 |
25,05 |
40,32 |
|
External Financing Average Cost |
0,00 |
0,03 |
0,04 |
0,07 |
|
Debt Service Coverage |
-12,28 |
1,18 |
4,68 |
10,54 |
|
Interest Coverage |
-24,67 |
1,41 |
3,05 |
8,54 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-7,78 |
1,26 |
2,14 |
3,59 |
|
Auto financing generated by Assets (%) |
-8,14 |
2,51 |
4,23 |
6,87 |
|
Breakdown Point |
1,00 |
1,01 |
1,02 |
1,04 |
|
Average Sales Volume per Employee |
1.841.525,16 |
412.250,10 |
654.977,45 |
1.114.434,43 |
|
Average Cost per Employee |
51.646,97 |
21.204,58 |
26.993,03 |
33.706,44 |
|
Assets Turnover |
1,05 |
1,44 |
2,00 |
2,73 |
|
Inventory Turnover (days) |
159 |
21 |
39 |
81 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
-0,05 |
1,94 |
4,05 |
6,58 |
|
Operating Profitability (%) |
-0,05 |
3,63 |
6,15 |
9,74 |
|
Return on Equity (ROE) (%) |
101,06 |
3,68 |
8,57 |
15,68 |
ADDITIONAL INFORMATION
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.64 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.07 |
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.