MIRA INFORM REPORT
|
Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
COSTA NORTE MARRUECOS SL |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.2010 |
|
|
|
|
Legal Form : |
Sole-partnered Limited Liability Company |
|
|
|
|
Line of Business : |
Retail sale of food & drinks |
|
|
|
|
No. of Employees : |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
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
CIF/NIF: B51024768
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: COSTA NORTE MARRUECOS SL
Other names: NO
Current Address: POLIGONO INDUSTRIAL
TARAJAL, II FASE. NAVE 16A
Branches: 1
Telephone number: 956505172
Corporate e-mail: costanorte.s.l.u.@hotmail.fr
Trade Risk
Credit appraisal: 29.000,00
Incidents: NO
R.A.I.: NO
Financial Information
Balance sheet latest sales (2011): 2.811.623,97 (Mercantile Register)
Result: 38.567,69
Total Assets: 258.505,22
Share capital: 3.100,00
Employees: 4
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 19/03/2010
Activity: Retail sale of food & drinks:
premises between 120 and 399 m2
NACE 2009 CODE: 4721
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: 30/04/2012 Appointments
Latest press article: No press articles registered for this
company
Bank Entities: There are not
TRADE RISK
Financial situation
|
Exercise:2011 |
|
||
|
Immediate
liquidity |
Good |
|
|
|
Indebtedness |
Important |
|
|
|
Profitability |
Sufficient |
|
|
|
Soundness |
Excellent |
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Good |
Rating Explanation
Financial situation
The companys financial situation is normal.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys 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.
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 |
13 |
There has been a change in the formula version. |
|
21/09/2012 |
Increase |
15 |
New financial statements have been uploaded. |
|
26/03/2012 |
Reduction |
10 |
There has been a variation in the risk associated
to the activity sector of the company. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
02/04/2013 08:04:48
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL
COMPARATIVE
FINANCIAL ELEMENTS
Figures given in
|
|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (9) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
A) NON CURRENT ASSETS |
3.100,00 |
1,20 |
3.100,00 |
12,99 |
|
B) CURRENT ASSETS |
255.405,22 |
98,80 |
20.772,78 |
87,01 |
|
LIABILITIES |
|
|
|
|
|
A) NET WORTH |
62.440,47 |
24,15 |
23.872,78 |
100,00 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
C) CURRENT LIABILITIES |
196.064,75 |
75,85 |
|
|
Profit and loss account analysis 
Figures given in
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (9) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
2.811.623,97 |
|
619.343,42 |
|
|
GROSS MARGIN |
144.307,66 |
5,13 |
41.672,82 |
6,73 |
|
EBITDA |
44.081,24 |
1,57 |
20.772,78 |
3,35 |
|
EBIT |
44.081,24 |
1,57 |
20.772,78 |
3,35 |
|
NET RESULT |
38.567,69 |
1,37 |
20.772,78 |
3,35 |
|
EFFECTIVE TAX RATE (%) |
12,50 |
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 |
1,20 |
54,03 |
-52,83 |
|
A) CURRENT ASSETS |
98,80 |
45,97 |
52,83 |
|
LIABILITIES |
|||
|
A) NET WORTH |
24,15 |
30,52 |
-6,37 |
|
B) NON CURRENT LIABILITIES |
|
26,13 |
|
|
C) CURRENT LIABILITIES |
75,85 |
43,35 |
32,50 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
100,00 |
98,68 |
1,32 |
|
GROSS MARGIN |
5,13 |
27,51 |
-22,38 |
|
EBITDA |
1,57 |
3,67 |
-2,10 |
|
EBIT |
1,57 |
2,39 |
-0,82 |
|
NET RESULT |
1,37 |
1,45 |
-0,08 |
Sector Composition
Compared sector (NACE 2009): 4721
Number of companies: 22
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 |
38.567,69 |
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 |
38.567,69 |
|
Total of Amounts to be distributed |
38.567,69 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
38.567,69 |
ADDRESSES
Current Legal Seat Address:
POLIGONO INDUSTRIAL TARAJAL, II FASE. NAVE 16A
51003 CEUTA
Characteristics of the current address
Type of establishment: store
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CARRETERA DEL TARAJAL, 16 |
51003 |
CEUTA |
Ceuta |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CARRETERA DEL TARAJAL, 16 |
51003 |
CEUTA |
Ceuta |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 2 members (latest change:
19/04/2012) Operative Board Members : 1 (latest change: 26/03/2012) Non-current positions : 2 (latest change: 19/04/2012) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
JOINT AND SEVERAL ADMINISTRATOR |
DEBDI SGHIR, YOUSSEF |
27/09/2011 |
|
JOINT AND SEVERAL ADMINISTRATOR |
ARDOUN, YOUSSEF |
19/04/2012 |
|
|
|
|
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
Manager |
DEBDI SGHIR, YOUSSEF |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
DEBDI SGHIR YOUSSEF |
|
100,00 |
OWN SOURCES |
26/03/2012 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
DABDI SGHIAR MOHAMED |
|
100,00 |
B.O.R.M.E. |
07/10/2011 |
POTENTIAL LINKS
Search Criterion: COSTA NORTE MARRUECOS SL
URL: empresite.eleconomista.es
VIAJA EN AUTOBUS CON LINEBUS A MARRUECOS en Espaρa ... COSTA NORTE
MARRUECOS SL POLIGONO INDUSTRIAL TARAJAL, 51003, Ceuta, CEUTA. logotipo de
COSTA NORTE MARRUECOS SL, Comercio al ...
URL: www.boe.es
borme-a-2012-82-99 - 1289 kb - BOE.es 30 Abr 2012 ... BORME-A-2012-82-08
(187722). COSTA NORTE MARRUECOS SL. BORME-A- 2012-82-51 (188165). COSTA 89 SA.
BORME-A-2012-82-29 ...
BUSINESS INFORMATION
Incorporation date: 19/03/2010
Establishment date: 01/01/2010
Founders Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Code: 1647300
Activity: Retail sale of food & drinks: premises between
120 and 399 m2
NACE 2009 CODE: 4721
NACE 2009 Activity: Retail sale of fruit and vegetables in
specialised stores
Business: Comercio al por menor de alimentacion.
Activity description: Comercio al menor de productos de
alimentacion
Latest employees figure: 4 (2012)
% of fixed employees: 100,00%
% of men: 50,00%
% of women: 50,00%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
1 |
1 |
No bank branches registered
LEGAL STRUCTURE
Constitution Data
Register Date: 19/03/2010
Register town: Ceuta
Announcement number: 139637
Register data:
Volume 107, Folio 116, Section 8, Sheet 2376,
Inscription I/A 1 (2010-03-23)
Share capital: 3.100
Legal form: Sole-partnered Limited Liability Company
Share capital: 3.100,00
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: 5 (Last: 30/04/2012, first:
07/04/2010)
Acts on capital: 0
Acts on creation: 1 (Last: 07/04/2010)
Acts on filed accounts: 0
Acts on identification: 0
Acts on Information: 3 (Last: 07/10/2011, first:
07/04/2010)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
30/04/2012 |
188165 |
Ceuta |
|
Resignations |
30/04/2012 |
188165 |
Ceuta |
|
Modification of the Articles of Association |
07/10/2011 |
399843 |
Ceuta |
|
Appointments |
07/10/2011 |
399843 |
Ceuta |
|
Resignations |
07/10/2011 |
399843 |
Ceuta |
|
Sole-partnered company |
07/10/2011 |
399842 |
Ceuta |
|
Appointments |
07/04/2010 |
139637 |
Ceuta |
|
Declaration of individual ownership |
07/04/2010 |
139637 |
Ceuta |
|
Constitution |
07/04/2010 |
139637 |
Ceuta |
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 21/09/2012.
SITUATION BALANCE-SHEET
Assets
Figures given in
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (9) |
% ASSETS |
|
A) NON CURRENT ASSETS |
3.100,00 |
1,20 |
3.100,00 |
12,99 |
|
I. Intangible assets |
|
|
|
|
|
II. Tangible fixed assets |
3.100,00 |
1,20 |
3.100,00 |
12,99 |
|
III. Real-estate investments |
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
V. Long Term Financial Investments |
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
B) CURRENT ASSETS |
255.405,22 |
98,80 |
20.772,78 |
87,01 |
|
I. Stocks |
108.553,00 |
41,99 |
15.172,30 |
63,55 |
|
II. Trade Debtors and other receivable accounts |
30.881,34 |
11,95 |
|
|
|
1. Clients |
30.881,34 |
11,95 |
|
|
|
b) Clients for sales and short term services
rendering |
30.881,34 |
11,95 |
|
|
|
III. Short term investments in associated and affiliated companies |
|
|
|
|
|
IV. Short term financial investments |
|
|
|
|
|
V. Short term periodifications |
|
|
|
|
|
VI. Cash and equivalents |
115.970,88 |
44,86 |
5.600,48 |
23,46 |
|
TOTAL ASSETS (A + B) |
258.505,22 |
100,00 |
23.872,78 |
100,00 |
Net Worth and Liabilities
Figures given in
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (9) |
% ASSETS |
|
A) NET WORTH |
62.440,47 |
24,15 |
23.872,78 |
100,00 |
|
A-1) Equity |
62.440,47 |
24,15 |
23.872,78 |
100,00 |
|
I. Capital |
3.100,00 |
1,20 |
3.100,00 |
12,99 |
|
1. Authorized capital |
3.100,00 |
1,20 |
3.100,00 |
12,99 |
|
II. Issue premium |
|
|
|
|
|
III. Reserves |
20.772,78 |
8,04 |
|
|
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
VII. Exercise Result |
38.567,69 |
14,92 |
20.772,78 |
87,01 |
|
VIII. (Interim dividend) |
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
I. Long term provisions |
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
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 |
196.064,75 |
75,85 |
|
|
|
I. Short term provisions |
|
|
|
|
|
II. Short term debts |
|
|
|
|
|
III. Short term debts with associated and affiliated companies |
|
|
|
|
|
IV. Trade creditors and other payable accounts |
196.064,75 |
75,85 |
|
|
|
1. Suppliers |
189.678,36 |
73,38 |
|
|
|
b) Short term suppliers |
189.678,36 |
73,38 |
|
|
|
2. Other creditors |
6.386,39 |
2,47 |
|
|
|
V. Short term periodifications |
|
|
|
|
|
VI. Short term debts with special characteristics |
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
258.505,22 |
100,00 |
23.872,78 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (9) |
%OPERATING INCOME |
|
1. Net Turnover |
2.811.623,97 |
100,00 |
619.343,42 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
4. Supplies |
-2.667.316,31 |
-94,87 |
-577.670,60 |
-93,27 |
|
5. Other operating income |
|
|
|
|
|
6. Labour cost |
-44.614,81 |
-1,59 |
-1.866,00 |
-0,30 |
|
7. Other operating costs |
-54.763,41 |
-1,95 |
-19.034,04 |
-3,07 |
|
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. Other results |
-848,20 |
-0,03 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) |
44.081,24 |
1,57 |
20.772,78 |
3,35 |
|
13. Financial income |
|
|
|
|
|
14. Financial expenses |
-3,88 |
0,00 |
|
|
|
15. Reasonable value variation on financial instruments |
|
|
|
|
|
16. Exchange differences |
|
|
|
|
|
17. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
18. Other financial income and expenses |
|
|
|
|
|
B) FINANCIAL RESULT (13 + 14 + 15 + 16 + 17 + 18) |
-3,88 |
0,00 |
|
|
|
C) RESULT BEFORE TAXES (A + B) |
44.077,36 |
1,57 |
20.772,78 |
3,35 |
|
19. Taxes on profits |
-5.509,67 |
-0,20 |
|
|
|
D) EXERCISE RESULT (C + 19) |
38.567,69 |
1,37 |
20.772,78 |
3,35 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
For the financial statements presented under the SMEs model (PYMES),
the Net Worth Changes Status is formed by a single table. For the rest of the
cases there would be shown the two tables corresponding to the mentioned status
with the exception of the company not having operations reflected in the
Status of recognized income and expenses and that, for this reason, it has no
data.
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 1 /1) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.100,00 |
|
|
3.100,00 |
|
I. Adjustments by change of criteria in
the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2010) |
3.100,00 |
|
|
3.100,00 |
|
I. Profit and loss account result |
|
|
20.772,78 |
20.772,78 |
|
II. Recognized income and expenses in net
worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
3.100,00 |
|
20.772,78 |
23.872,78 |
|
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) |
3.100,00 |
|
20.772,78 |
23.872,78 |
|
I. Profit and loss account result |
|
|
38.567,69 |
38.567,69 |
|
II. Recognized income and expenses in net
worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
20.772,78 |
-20.772,78 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
3.100,00 |
20.772,78 |
38.567,69 |
62.440,47 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (9) |
|
BALANCE RATIOS |
|||
|
Working Capital () |
59.340,47 |
185,66 |
20.772,78 |
|
Working capital ratio |
0,23 |
-73,56 |
0,87 |
|
Soundness Ratio |
20,14 |
161,56 |
7,70 |
|
Average Collection Period (days) |
4 |
|
|
|
Average Payment Period (days) |
26 |
|
|
|
LIQUIDITY RATIOS |
|||
|
Current Ratio (%) |
130,27 |
|
|
|
Quick Ratio (%) |
59,15 |
|
|
|
DEBT RATIOS |
|||
|
Interest Coverage |
11.361,14 |
|
|
|
GENERAL AND ACTIVITIES RATIOS |
|||
|
Auto financing generated by sales (%) |
1,37 |
-59,10 |
3,35 |
|
Auto financing generated by Assets (%) |
14,92 |
-82,85 |
87,01 |
|
Breakdown Point |
1,02 |
-0,97 |
1,04 |
|
Average Sales Volume per Employee |
1.405.811,99 |
353,97 |
309.671,71 |
|
Average Cost per Employee |
22.307,40 |
2.290,93 |
933,00 |
|
Assets Turnover |
10,88 |
-58,06 |
25,94 |
|
Inventory Turnover (days) |
15 |
57,69 |
9 |
|
RESULTS RATIOS |
|||
|
Return on Assets (ROA) (%) |
17,05 |
-80,40 |
87,01 |
|
Operating Profitability (%) |
17,05 |
-80,40 |
87,01 |
|
Return on Equity (ROE) (%) |
70,59 |
-18,87 |
87,01 |
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 |
1,20 |
54,03 |
-52,83 |
|
A) CURRENT ASSETS |
98,80 |
45,97 |
52,83 |
|
LIABILITIES |
|||
|
A) NET WORTH |
24,15 |
30,52 |
-6,37 |
|
B) NON CURRENT LIABILITIES |
|
26,13 |
|
|
C) CURRENT LIABILITIES |
75,85 |
43,35 |
32,50 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,68 |
1,32 |
|
Other operating income |
|
1,32 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-94,87 |
-72,55 |
-22,32 |
|
Variation in stocks of finished goods and work in progress |
|
0,06 |
|
|
GROSS MARGIN |
5,13 |
27,51 |
-22,38 |
|
Other operating costs |
-1,95 |
-11,34 |
9,39 |
|
Labour cost |
-1,59 |
-12,63 |
11,04 |
|
GROSS OPERATING RESULT |
1,60 |
3,54 |
-1,94 |
|
Amortization of fixed assets |
|
-1,55 |
|
|
Deterioration and result for fixed assets disposal |
|
0,10 |
|
|
Other expenses / income |
|
0,29 |
|
|
NET OPERATING RESULT |
1,57 |
2,39 |
-0,82 |
|
Financial result |
0,00 |
-0,59 |
0,59 |
|
RESULT BEFORE TAX |
1,57 |
1,80 |
-0,23 |
|
Taxes on profits |
-0,20 |
-0,35 |
0,15 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,37 |
1,45 |
-0,08 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,37 |
1,45 |
-0,08 |
|
Amortization of fixed assets |
|
-1,55 |
|
|
Deterioration and provisions variation |
|
0,27 |
|
|
|
1,37 |
2,73 |
-1,36 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
59.340,47 |
-88.119,59 |
125.308,76 |
202.015,89 |
|
Working capital ratio |
0,23 |
-0,01 |
0,10 |
0,24 |
|
Soundness Ratio |
20,14 |
0,33 |
0,79 |
1,57 |
|
Average Collection Period (days) |
4 |
15 |
30 |
68 |
|
Average Payment Period (days) |
26 |
43 |
56 |
84 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
130,27 |
96,36 |
119,37 |
154,00 |
|
Quick Ratio (%) |
59,15 |
3,24 |
18,17 |
65,81 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
|
17,75 |
27,28 |
50,46 |
|
External Financing Average Cost |
|
0,01 |
0,03 |
0,04 |
|
Debt Service Coverage |
|
2,57 |
4,65 |
7,13 |
|
Interest Coverage |
11.361,14 |
1,78 |
4,12 |
14,08 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
1,37 |
1,32 |
1,69 |
3,61 |
|
Auto financing generated by Assets (%) |
14,92 |
4,76 |
6,01 |
8,46 |
|
Breakdown Point |
1,02 |
1,01 |
1,01 |
1,03 |
|
Average Sales Volume per Employee |
1.405.811,99 |
118.652,58 |
216.775,30 |
347.047,97 |
|
Average Cost per Employee |
22.307,40 |
16.889,21 |
19.470,14 |
23.843,70 |
|
Assets Turnover |
10,88 |
1,72 |
3,09 |
3,80 |
|
Inventory Turnover (days) |
15 |
3 |
8 |
32 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
17,05 |
2,95 |
3,33 |
7,52 |
|
Operating Profitability (%) |
17,05 |
6,80 |
7,57 |
10,48 |
|
Return on Equity (ROE) (%) |
70,59 |
2,83 |
8,88 |
33,34 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SCs 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.