MIRA INFORM REPORT
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Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
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Correct Name : |
TALLERES FABIO MURGA SOCIEDAD ANONIMA |
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Registered Office : |
Paseo La Magdalena, 28, 48800 Balmaseda Bizkaia |
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Country : |
Spain |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.01.1934 |
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Legal Form : |
Sole Corporation |
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Line of Business : |
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No. of Employees : |
70 (2012) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Spain |
A2 |
A2 |
|
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
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 0.3% in 2010; GDP expanded 0.4%
in 2011, before contracting 1.4% in 2012. The economy has once again fallen
into recession as deleveraging in the private sector, fiscal consolidation, and
continued high unemployment weigh on domestic demand and investment, even as
exports have shown signs of resiliency. The unemployment rate rose from a low
of about 8% in 2007 to 26.0% in 2012. The economic downturn has also hurt
Spain's public finances. The government budget deficit peaked at 11.2% of GDP
in 2010 and the process to reduce this imbalance has been slow despite the
central government's efforts to raise new tax revenue and cut spending. Spain
reduced its budget deficit to 9.4% of GDP in 2011, and roughly 7.4% of GDP in
2012, above the 6.3% target negotiated between Spain and the EU. Although
Spain's large budget deficit and poor economic growth prospects remain a source
of concern for foreign investors, the government's ongoing efforts to cut
spending and introduce flexibility into the labor markets are intended to
assuage these concerns. The government is also taking steps to shore up the
banking system, namely by using up to $130 billion in EU funds to recapitalize
struggling banks exposed to the collapsed domestic construction and real estate
sectors.
|
Source : CIA |
Company name
TALLERES FABIO MURGA SOCIEDAD ANONIMA
CIF/NIF: A48063812
Company situation: Active
INFORMATION OF THE
REQUEST
Data of your
request
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Registered Name FABIO MURGA
TAUERES SA Complete Address P
De La Magdalena 23- Vizcaya 19030 Telephones 9468
02933 |
Year of the accounts to be delivered 2011 Language Inglés Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference
Number 219039 |
Answer to the data
in your request
The CIF provided is registered as IVA (VAT) operator.
Business Name
The registered name indicated in your request is correct. The subject’s correct address is Paseo de la Magdalena, 28, 48800 Balmaseda, Vizcaya. The fax number is correct. We haven’t been able to confirm if the telephone number (946802933) corresponds to the subject.
Financial Information
The last filed accounts of the subject presented in the Trade Register
corresponds to the 2011 exercise.
EXECUTIVE SUMMARY
Identification
Current Business Name: TALLERES FABIO MURGA SOCIEDAD ANONIMA
Other names: YES
Current Address: PASEO LA MAGDALENA, 28
Telephone number: 946102444 Fax: 946102054
URL: www.fabiomurga.com
Corporate e-mail: nacional@fabiomurga.com
Financial
Information
Balance sheet latest sales (2011): 44.728.000,00 € (Mercantile Register)
Result: 2.960.000 €
Total Assets: 57.655.000 €
Share capital: 375.000,00 €
Employees: 70
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 09/09/1972
Activity: Casting of iron & steel
NACE 2009 CODE: 2452
International Operations: Imports and
Exports
Corporate
Structure
President:
MICHEL
BARRAQUAND, YVES GEORGES
Parent Company:
Participations: 7
Other
Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 11/06/2012 Re-elections
Latest press article: 01/04/2013 EMPRESA XXI (GENERAL INFORMATION)
Bank Entities: There are
The date when this report was last updated is 26/04/2013.
The information contained in this report has been investigated and contrasted on 26/04/2013
|
Exercise:2011 |
Evolution |
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Immediate
liquidity |
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Limited |
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Indebtedness |
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Important |
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Profitability |
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Good |
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Soundness |
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Degraded |
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Performance
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Incidents |
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None or Negligible |
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Business
Trajectory |
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Excellent |
Rating Explanation
Financial situation
•
The company’s financial situation is normal.
•
The company’s financial situation evolution has
been stable.
•
The sales evolution has been positive
not the results one, which has been negative.
•
The auditor’s opinion about the latest accounts has
been favourable with reservations.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is big depending on
its sales volume.
•
The employees evolution has been negative.
Performance and Incidences
•
The available information indicates that the company
does not have payment incidences.
•
He have detected no recent legal actions or claims
from the Administration against this company.
Accounts Filing
•
The company files regularly its accounts.
Reasons of the
last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
30/11/2012 |
Increase |
10 |
•
There has been a change in the formula version. |
|
17/08/2012 |
Reduction |
7 |
•
New financial statements have been uploaded. |
INCIDENTS 
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY:
1 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
23/04/2013 08:04:46
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 thousands €
|
|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
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A) NON CURRENT ASSETS |
42.770,00 |
74,18 |
43.880,00 |
64,19 |
41.759,00 |
61,09 |
|
B) CURRENT ASSETS |
14.885,00 |
25,82 |
24.482,00 |
35,81 |
26.600,00 |
38,91 |
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LIABILITIES |
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A) NET WORTH |
5.886,00 |
10,21 |
12.903,00 |
18,87 |
14.547,00 |
21,28 |
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B) NON CURRENT LIABILITIES |
23.795,00 |
41,27 |
29.059,00 |
42,51 |
43.238,00 |
63,25 |
|
C) CURRENT LIABILITIES |
27.974,00 |
48,52 |
26.400,00 |
38,62 |
10.574,00 |
15,47 |
Profit and loss
account analysis
Figures given in thousands €
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
44.728,00 |
|
40.715,00 |
|
33.067,00 |
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GROSS MARGIN |
22.197,00 |
49,63 |
21.257,00 |
52,21 |
18.745,00 |
56,69 |
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EBITDA |
7.239,00 |
16,18 |
5.974,00 |
14,67 |
4.562,00 |
13,80 |
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EBIT |
6.611,00 |
14,78 |
5.309,00 |
13,04 |
3.644,00 |
11,02 |
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NET RESULT |
2.960,00 |
6,62 |
11.404,00 |
28,01 |
4.426,00 |
13,38 |
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EFFECTIVE TAX RATE (%) |
35,14 |
0,08 |
11,38 |
0,03 |
0,49 |
0,00 |
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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A) NON CURRENT ASSETS |
74,18 |
61,35 |
12,83 |
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A) CURRENT ASSETS |
25,82 |
38,65 |
-12,83 |
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LIABILITIES |
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|||
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A) NET WORTH |
10,21 |
21,00 |
-10,79 |
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B) NON CURRENT LIABILITIES |
41,27 |
43,56 |
-2,29 |
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C) CURRENT LIABILITIES |
48,52 |
35,44 |
13,08 |
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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 |
99,59 |
0,41 |
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GROSS MARGIN |
49,63 |
29,83 |
19,80 |
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EBITDA |
16,18 |
0,80 |
15,38 |
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EBIT |
14,78 |
-1,73 |
16,51 |
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NET RESULT |
6,62 |
-2,65 |
9,27 |
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Sector Composition
Compared sector (NACE 2009): 2452
Number of companies: 15
Size (sales figure): > 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 |
||
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Profit and Loss Account Balance |
2.960.000,00 |
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 |
10.000,00 |
|
Total of Amounts to be distributed |
2.960.000,00 |
Dividends |
2.950.000,00 |
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|
|
Carry over and others |
0,00 |
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Compensation of previous exercises losses |
0,00 |
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Application total |
2.960.000,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: MOORE STEPHENS AMS S.L.
Auditing exceptions:
El cálculo de la provisión por depreciación de las inversiones en las
sociedades filiales se ha realizado, tanto en este ejercicio como en el
anterior, en base a balances no auditados. A la fecha de este informe, no hemos
dispuesto de las auditorías de las cuentas anuales de las sociedades del grupo,
al 31 de diciembre de 2011, aunque si se dispone de las cuentas anuales
auditadas del ejercicio anterior, ni tampoco hemos dispuesto de informes de
valoración sobre las plusvalías existentes en dichas compañías, para verificar
la correcta contabilización del deterioro de las sociedades del grupo,.
Asimismo, no hemos dispuesto de un estudio sobre los precios de transferencia
aplicados a las transacciones con sociedades del grupo, que permita verificar
de forma adecuada la aplicación de valores de mercado a las mismas.
La Sociedad no presenta en las cuentas anuales ni nos ha facilitado la
información obligatoria indicada en el Artículo 229 del texto refundido de la
Ley de Sociedades de Capital. Asimismo, la sociedad no ha formulado cuentas
consolidadas y no está dispensada de formularlas, ya que no ha depositado en el
Registro Mercantil las cuentas consolidadas de su sociedad dominante.
Auditing fees: 18.525,00 €
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.
Company
ADDRESSES
Current Legal Seat Address:
PASEO LA MAGDALENA, 28
48800 BALMASEDA
BIZKAIA
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
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Distribution of the administration board |
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Governing body : 9 members (latest change:
27/05/2011) Other Positions : 2 (latest change: 29/04/2008) Auditor : 1 (latest change: 04/05/2011) Operative Board Members : 9 (latest change: 12/01/2012) Non-current positions : 23 (latest change: 12/06/2009) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
MICHEL BARRAQUAND, YVES GEORGES |
07/07/2008 |
|
MEMBER OF THE BOARD |
ESCOLIER PIERRE, JEAN FRANCOIS |
24/05/2006 |
|
MEMBER OF THE BOARD |
ARNAUD PATRICK, RENE JOSEPH |
07/07/2008 |
|
MEMBER OF THE BOARD |
FAYARD PIERRE YVES, DENIS LOUIS |
04/06/2010 |
|
MEMBER OF THE BOARD |
RESUSTA URRUTICOECHEA, LUIS FRANCISCO |
04/06/2010 |
|
MEMBER OF THE BOARD |
SONGHE MARK, LI |
27/05/2011 |
|
SECRETARY |
OTEO GUTIERREZ, JOSE MARIA |
07/07/2008 |
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
MOORE STEPHENS AMS SOCIEDAD LIMITADA |
04/05/2011 |
There are 12 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 503.000,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
RESUSTA URRUTICOECHEA, LUIS |
|
Financial Manager |
OTEO GUTIERREZ, JOSE MARIA |
|
Human Resources Director |
OTEO GUTIERREZ, JOSE MARIA |
|
Commercial Director |
PEREDA JOSE, EDUARDO |
|
Purchases Director |
BILBAO, INAKI |
|
Exports Director |
PEREDA RUIZ, JOSE EDUARDO |
|
Imports Director |
BILBAO, INAKI |
|
Quality Director |
FERNANDEZ CAMPA, FERNANDO |
|
Operations Director |
TOLOSA GARCIA, JAIONE |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
WINOA SA |
FRANCE |
100,00 |
OWN SOURCES |
12/01/2012 |
There are 1 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
MURGA ARGENTINA SA |
ARGENTINA |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
THOMAS ABRASIVES LTD |
SOUTH AFRICA REPUBLIC |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
IKK DO BRASIL, INDUSTRIAS E COMERCIO LTDA |
BRAZIL |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
SEOUL SHOT INDUSTRY CO LTD |
KOREA REPUBLIC |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
SHANGAI-MURGA STEEL ABRASIVE CO LTD |
CHINA |
96,76 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
THOR FOUNDRY LTD (SUDAFRICA) |
SOUTH AFRICA REPUBLIC |
70,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
REECON CO LTD |
TAIWAN |
51,00 |
MERCANTILE REGISTER |
31/12/2011 |
There are 7 direct financial links through participations
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SIAM IKK CO LTD |
CHINA |
80,30 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
ITOH METAL ABRASIVE CO LTD |
JAPAN |
80,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
GOJUMP ENTERPRISES LTD |
TAIWAN |
65,00 |
MERCANTILE REGISTER |
31/12/2011 |
POTENTIAL LINKS
Search Criterion: ”TALLERES FABIO MURGA SOCIEDAD ANONIMA”
URL: www.fabiomurga.com
Talleres Fabio Murga, SA Le damos la bienvenida a Talleres Fabio
Murga, S.A., una empresa moderna y dinámica, integrada en el mayor grupo
mundial de productores de granalla.
URL: www.fabiomurga.com
Historia - Fabio Murga Talleres Fabio Murga, S.A. nació en 1934 de
la mano de Don Fabio Murga Acebal. Desde su fundación la fábrica ha producido y
comercializado una gran ...
URL: www.fabiomurga.com
contacto - Fabio Murga E-mail: Asunto: CUERPO: Talleres Fabio
Murga, S.A. Paseo de la Magdalena, 28 - 48800 BALMASEDA (Vizcaya) Spain Tel.:
34 94 610 24 44 - Fax: 34 94 610 ...
URL: www.prtr-es.es
TALLERES FABIO MURGA - PRTR España TALLERES FABIO MURGA, S.A. (TALLERES
FABIO MURGA) -. Resumen; Consumos; Perfil ambiental; Emisiones; Residuos; AAI;
Mapa. Resumen. Cod.
BUSINESS INFORMATION
Incorporation date: 09/09/1972
Establishment date: 01/01/1934
Founder’s Name: FABIO MURGA ACEBAL
Origin: Fabio Murga Acebal, hasta 1969 que pasó a nombre de
su viuda María Luisa López
Activity: Casting of iron & steel
NACE 2009 CODE: 2452
NACE 2009 Activity: Casting of steel
Business: Negocio de soldadura, fundiciones eléctricas,
granallas de fundición, acero y similares, construcciones metálicas, electrodos
de soldadura y similares.
Activity description: LA PRODUCCION DE GRANALLA DE ACERO
Environmental information: YES (Page 41) Annual
financial report 2011
Latest employees figure: 70 (2012)
% of fixed employees: 93,26%
% of temporary employees: 6,74%
% of men: 89,77%
% of women: 10,23%
Employees
evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
79 |
9 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 2%
Imports from: UE Y OTROS PAISES
National Distribution: 98%
SALES
Export Percentage: 60%
Exports to: UE Y OTROS PAISES
National Distribution: 40%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
WINOA
DEUTSCHLAND GMBH |
YES |
|
WINOA SA |
YES |
|
ABRASIV MUTA |
YES |
There are 3 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
AMP GRENAILLES
SA |
NO |
|
WINOA ABRASIVOS
SA |
NO |
|
WINOA SA |
YES |
|
W. DIAMANT
HERRAMIENTAS SA |
NO |
|
THOR FOUNDRY PTY
LTD |
YES |
|
THOMAS ABRASIVE
PTY LTD |
YES |
|
METABRASIVE LTD |
YES |
|
SIAM IKK CO LTD |
YES |
|
ABRASIVI
METALLICI |
YES |
|
SHANGAI MURGA
STEEL |
YES |
There are 11 Clients
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
1299 |
GRAN VIA, 12 - PLANTA 4 |
BILBAO |
Bizkaia |
|
THE ROYAL BANK OF SCOTLAND PLC, S.E. |
|
|
|
|
|
KUTXABANK, S.A |
|
|
BILBAO |
|
There are 3 bank entities registered
Discount facilities: 0
Credit policy: 0
Mortgage loan: 1
Loans with no real security: 0
|
|
|
|
Entity:THE ROYAL BANK OF SCOTLAND N.V. S.E. Debt type: Mortgage loan |
Long term outstanding amount:16.376.000,00 € Short term outstanding
amount:3.556.000,00 € Total outstanding amount:19.932.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
There are 1 bank operations registered
Brand name: MURGA (Valid)
Type: JOINT Scope: INTERNATIONAL
Date: 28/06/2006
Brand name: FABIO MARGA (Valid)
Type: JOINT Scope: NATIONAL Date: 09/06/2006
Brand name: MURGA HIFI (Valid)
Type: JOINT Scope: NATIONAL Date: 01/09/2005
Brand name: EXTRADUR (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 25/08/2005
Brand name: FABIO MURGA (Valid)
Type: JOINT Scope: NATIONAL Date: 13/01/1995
There are 22 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 09/09/1972
Legal form: Sole Corporation
Share capital: 375.000,00 €
Paid-up capital: 375.000,00 €
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: 49 (Last: 11/06/2012, first: 25/02/1991)
· Acts on capital: 1 (Last: 05/08/1993)
· Acts on creation: 0
· Acts on filed accounts: 16 (Last: 11/04/2011, first: 30/12/1998)
· Acts on identification: 0
· Acts on Information: 5 (Last: 29/11/2005, first: 03/10/1991)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Re-elections |
11/06/2012 |
244531 |
Bizkaia |
|
Re-elections |
14/10/2011 |
408430 |
Bizkaia |
|
Appointments |
17/08/2011 |
341719 |
Bizkaia |
|
Appointments |
09/06/2011 |
248117 |
Bizkaia |
|
Re-elections |
04/05/2011 |
193258 |
Bizkaia |
|
Annual Filed Accounts (2010) |
11/04/2011 |
128030 |
Bizkaia |
|
Annual Filed Accounts (2009) |
04/08/2010 |
279268 |
Bizkaia |
|
Re-elections |
17/06/2010 |
243136 |
Bizkaia |
|
Re-elections |
04/06/2010 |
223478 |
Bizkaia |
|
Appointments |
04/06/2010 |
223478 |
Bizkaia |
There are 71 acts registered
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 0
Structural Data: 1 (Last: 02/01/2013)
Informative data: 4 (Last: 01/04/2013, first: 01/09/2008)
Financial Information: 1 (Last: 30/06/2012)
Negative information: 0
Business lines: 0
Historical press releases: 3 (Last: 30/03/2005, first:
28/01/1993)
Latest press
article published
01/04/2013 EMPRESA XXI (Page 19) GENERAL
INFORMATION
El plan para el traslado de la fábrica TALLERES FABIO MURGA afrontará en
el segundo trimestre los últimos pasos del proceso burocrático derivado del
acuerdo sellado por Gobierno Vasco, Diputación Foral, Ayuntamiento de Balmaseda
y la propia empresa. En concreto, el avance del proceso se encuentra en la
actualidad pendiente de la firma de la permuta de terrenos entre FABIO MURGA
(Rebollar) y la empresa foral AZPIEGITURA (Aria), que además abonará 2,5
millones de euros, incluidos en el presupuesto vizcaino de 2013, al recibir en
el cambio una parcela mayor. La fecha límite para cerrar todo el proceso se ha
fijado en junio de 2016.
02/01/2013 EL CORREO ESPAÑOL EL PUEBLO
VASCO - BRANCHES
Los TALLERES FABIO MURGA seguirán en Balmaseda hasta finales de 2024,
pero sus instalaciones dejarán de estar en el centro del municipio mucho antes.
La próxima primavera comenzarán los trabajos de urbanización de la parcela que
ocupará la empresa en el polígono industrial Arla. Las obras tendrían una
duración de entre 10 y 12 meses, tras los cuales podría arrancar la
construcción de la nueva planta.
30/06/2012 EXPANSIÓN DEL PAIS VASCO - FINANCIAL
DATA
El Gobierno vasco, la Diputación de Vizcaya, el Ayuntamiento de
Balmaseda y TALLERES FABIO MURGA han firmado un convenio para mantener la
actividad de la empresa y sus 70 puestos de trabajo, gracias a una inversión de
cerca de 22 millones de euros.
La Diputación de Vizcaya aportará un préstamo participativo aún por
concretar, y cederá a la empresa 12.000 metros cuadrados en el Polígono Arla de
Balmaseda, mientras que por su parte, la empresa liberará para uso municipal
los terrenos que actualmente ocupa. El Gobierno vasco otorgará un préstamo
participativo a la empresa de 1,5 millones, además de invertir, a través de
Sprilur, 5 millones en la construcción del pabellón de la empresa.
15/04/2012 EMPRESA XXI (Page 9) GENERAL
INFORMATION
El Ayuntamiento de Balmaseda ha anunciado que se ha conseguido un
acuerdo que asegura la permanencia de la compañía en el municipio con el
traslado de la fábrica de TALLERES FABIO MURGA, encuadrada en el grupo galo
WINOA, de La Magdalena (centro del municipio) a la zona de Arla. La
reformulación del acuerdo, de llevarse a efecto, podría contribuir a acelerar
los planes de inversión industrial. La nueva fábrica de FABIO MURGA exigirá una
inversión total superior a 20 millones de euros, con lo que se consolidaría más
de 80 empleos industriales directos. La construcción de la fábrica requerirá
unos 18 meses de trabajos una vez reciba la parcela urbanizada en la que
desarrollar el proyecto.
07/07/2009 DEIA - GENERAL INFORMATION
LOS TALLERES FABIO MURGA DE BALMASEDA PODRAN INICIAR EL TRASLADO DE SUS
INSTALACIONES DEL PASEO DE LA MAGDALENA, A LA ZONA INDUSTRIAL DE REBOLLAR, EN
SEPTIEMBRE DE 2013.
There are 9 press articles registered for this company
Complementary
Information
Financial Information
El balance cerrado a 31/12/2009 (Deposito 2009) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
Current situation
Segùn nuestras investigaciones la titular continua la actividad
anteriormente desarrollada por Da. Maria Luisa Lopez, quien a su vez,
continuaba la actividad de D. Fabio Murga Acebal, habiendo cesado estos ùltimos
como autònomos.
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 17/08/2012.
SITUATION
BALANCE-SHEET
Assets
Figures given in thousands €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
42.770,00 |
74,18 |
43.880,00 |
64,19 |
41.759,00 |
61,09 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
1.259,00 |
2,18 |
1.068,00 |
1,56 |
1.445,00 |
2,11 |
|
1. Property, plant and equipment |
10,00 |
0,02 |
10,00 |
0,01 |
10,00 |
0,01 |
|
2. Technical fittings and other tangible assets |
863,00 |
1,50 |
695,00 |
1,02 |
1.154,00 |
1,69 |
|
3. Fixed assets in progress and advances |
386,00 |
0,67 |
363,00 |
0,53 |
281,00 |
0,41 |
|
III. Real-estate investments |
110,00 |
0,19 |
110,00 |
0,16 |
110,00 |
0,16 |
|
1. Lands |
110,00 |
0,19 |
110,00 |
0,16 |
110,00 |
0,16 |
|
IV. Long term investments in associated and affiliated companies |
36.329,00 |
63,01 |
37.823,00 |
55,33 |
35.101,00 |
51,35 |
|
1. Net worth instruments |
35.829,00 |
62,14 |
37.323,00 |
54,60 |
34.101,00 |
49,89 |
|
2. Credits to companies |
500,00 |
0,87 |
500,00 |
0,73 |
1.000,00 |
1,46 |
|
V. Long Term Financial Investments |
5.072,00 |
8,80 |
4.879,00 |
7,14 |
5.086,00 |
7,44 |
|
1. Net worth instruments |
3,00 |
0,01 |
3,00 |
0,00 |
3,00 |
0,00 |
|
5. Other financial assets |
5.069,00 |
8,79 |
4.876,00 |
7,13 |
5.083,00 |
7,44 |
|
VI. Assets by deferred taxes |
|
|
|
|
17,00 |
0,02 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
14.885,00 |
25,82 |
24.482,00 |
35,81 |
26.600,00 |
38,91 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
4.139,00 |
7,18 |
4.389,00 |
6,42 |
3.769,00 |
5,51 |
|
2. Raw material inventory |
800,00 |
1,39 |
976,00 |
1,43 |
717,00 |
1,05 |
|
3. Work in Progress |
1.578,00 |
2,74 |
1.946,00 |
2,85 |
1.967,00 |
2,88 |
|
b) Short production cycle |
1.578,00 |
2,74 |
1.946,00 |
2,85 |
1.967,00 |
2,88 |
|
4. Finished goods |
1.761,00 |
3,05 |
1.467,00 |
2,15 |
1.085,00 |
1,59 |
|
b) Short production cycle |
1.761,00 |
3,05 |
1.467,00 |
2,15 |
1.085,00 |
1,59 |
|
III. Trade Debtors and other receivable accounts |
8.665,00 |
15,03 |
9.105,00 |
13,32 |
8.069,00 |
11,80 |
|
1. Clients |
6.179,00 |
10,72 |
6.576,00 |
9,62 |
6.341,00 |
9,28 |
|
b) Clients for sales and short term services
rendering |
6.179,00 |
10,72 |
6.576,00 |
9,62 |
6.341,00 |
9,28 |
|
2. Clients group and associated companies |
2.478,00 |
4,30 |
2.521,00 |
3,69 |
1.720,00 |
2,52 |
|
6. Other credits with the Public Administrations |
8,00 |
0,01 |
8,00 |
0,01 |
8,00 |
0,01 |
|
IV. Short term investments in associated and affiliated companies |
|
|
1.350,00 |
1,97 |
|
|
|
2. Credits to companies |
|
|
1.350,00 |
1,97 |
|
|
|
V. Short term financial investments |
58,00 |
0,10 |
7.925,00 |
11,59 |
14.104,00 |
20,63 |
|
5. Other financial assets |
58,00 |
0,10 |
7.925,00 |
11,59 |
14.104,00 |
20,63 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
2.023,00 |
3,51 |
1.713,00 |
2,51 |
658,00 |
0,96 |
|
1. Treasury |
2.023,00 |
3,51 |
1.713,00 |
2,51 |
658,00 |
0,96 |
|
TOTAL ASSETS (A + B) |
57.655,00 |
100,00 |
68.362,00 |
100,00 |
68.359,00 |
100,00 |
Net Worth and
Liabilities
Figures given in thousands €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NET WORTH |
5.886,00 |
10,21 |
12.903,00 |
18,87 |
14.547,00 |
21,28 |
|
A-1) Equity |
5.843,00 |
10,13 |
12.883,00 |
18,85 |
14.543,00 |
21,27 |
|
I. Capital |
375,00 |
0,65 |
375,00 |
0,55 |
375,00 |
0,55 |
|
1. Authorized capital |
375,00 |
0,65 |
375,00 |
0,55 |
375,00 |
0,55 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
2.508,00 |
4,35 |
1.104,00 |
1,61 |
9.742,00 |
14,25 |
|
1. Legal and statutory |
130,00 |
0,23 |
130,00 |
0,19 |
130,00 |
0,19 |
|
2. Other funds |
2.378,00 |
4,12 |
974,00 |
1,42 |
9.612,00 |
14,06 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
2.960,00 |
5,13 |
11.404,00 |
16,68 |
4.426,00 |
6,47 |
|
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 |
43,00 |
0,07 |
20,00 |
0,03 |
4,00 |
0,01 |
|
B) NON CURRENT LIABILITIES |
23.795,00 |
41,27 |
29.059,00 |
42,51 |
43.238,00 |
63,25 |
|
I. Long term provisions |
63,00 |
0,11 |
57,00 |
0,08 |
51,00 |
0,07 |
|
1. Long term staff benefits obligations |
63,00 |
0,11 |
57,00 |
0,08 |
51,00 |
0,07 |
|
II. Long term debts |
16.376,00 |
28,40 |
20.446,00 |
29,91 |
25.689,00 |
37,58 |
|
2. Debts with bank entities |
16.376,00 |
28,40 |
19.765,00 |
28,91 |
23.039,00 |
33,70 |
|
5. Other financial liabilities |
|
|
681,00 |
1,00 |
2.650,00 |
3,88 |
|
III. Long term debts with associated and affiliated companies |
4.900,00 |
8,50 |
7.300,00 |
10,68 |
17.400,00 |
25,45 |
|
IV. Liabilities by deferred taxes |
2.456,00 |
4,26 |
1.256,00 |
1,84 |
98,00 |
0,14 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
27.974,00 |
48,52 |
26.400,00 |
38,62 |
10.574,00 |
15,47 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
4.590,00 |
7,96 |
4.357,00 |
6,37 |
3.836,00 |
5,61 |
|
2. Debts with bank entities |
3.767,00 |
6,53 |
3.646,00 |
5,33 |
2.458,00 |
3,60 |
|
5. Other financial liabilities |
823,00 |
1,43 |
711,00 |
1,04 |
1.378,00 |
2,02 |
|
IV. Short term debts with associated and affiliated companies |
14.991,00 |
26,00 |
14.673,00 |
21,46 |
|
|
|
V. Trade creditors and other payable accounts |
8.393,00 |
14,56 |
7.370,00 |
10,78 |
6.738,00 |
9,86 |
|
1. Suppliers |
7.211,00 |
12,51 |
6.161,00 |
9,01 |
5.800,00 |
8,48 |
|
b) Short term suppliers |
7.211,00 |
12,51 |
6.161,00 |
9,01 |
5.800,00 |
8,48 |
|
2. Suppliers group and associated companies |
192,00 |
0,33 |
338,00 |
0,49 |
48,00 |
0,07 |
|
3. Different creditors |
|
|
|
|
118,00 |
0,17 |
|
4. Staff (pending remunerations) |
348,00 |
0,60 |
363,00 |
0,53 |
326,00 |
0,48 |
|
5. Liabilities by current taxes |
306,00 |
0,53 |
37,00 |
0,05 |
25,00 |
0,04 |
|
6. Other debts with Public Administrations |
336,00 |
0,58 |
471,00 |
0,69 |
421,00 |
0,62 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
57.655,00 |
100,00 |
68.362,00 |
100,00 |
68.359,00 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in thousands €
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
44.728,00 |
100,00 |
40.715,00 |
100,00 |
33.067,00 |
100,00 |
|
A) Sales |
44.025,00 |
98,43 |
40.078,00 |
98,44 |
32.582,00 |
98,53 |
|
b) Services provided |
703,00 |
1,57 |
637,00 |
1,56 |
485,00 |
1,47 |
|
2. Variation in stocks of finished goods and work in progress |
-74,00 |
-0,17 |
361,00 |
0,89 |
-294,00 |
-0,89 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-22.457,00 |
-50,21 |
-19.819,00 |
-48,68 |
-14.029,00 |
-42,42 |
|
b) Raw materials consumed |
-22.457,00 |
-50,21 |
-19.794,00 |
-48,62 |
-13.975,00 |
-42,26 |
|
d) Deterioration on merchandises, raw materials and other supplies |
|
|
-25,00 |
-0,06 |
-54,00 |
-0,16 |
|
5. Other operating income |
|
|
|
|
1,00 |
0,00 |
|
a) Other incomes |
|
|
|
|
1,00 |
0,00 |
|
6. Labour cost |
-5.300,00 |
-11,85 |
-5.072,00 |
-12,46 |
-5.080,00 |
-15,36 |
|
a) Wages and similar expenses |
-4.048,00 |
-9,05 |
-3.806,00 |
-9,35 |
-3.859,00 |
-11,67 |
|
b) Social costs |
-1.246,00 |
-2,79 |
-1.260,00 |
-3,09 |
-1.217,00 |
-3,68 |
|
c) Provisions |
-6,00 |
-0,01 |
-6,00 |
-0,01 |
-4,00 |
-0,01 |
|
7. Other operating costs |
-10.130,00 |
-22,65 |
-10.267,00 |
-25,22 |
-9.343,00 |
-28,25 |
|
a) External services |
-9.387,00 |
-20,99 |
-9.733,00 |
-23,91 |
-8.746,00 |
-26,45 |
|
b) Taxes |
-147,00 |
-0,33 |
-149,00 |
-0,37 |
-154,00 |
-0,47 |
|
c) Losses, deterioration and variation on business operations
provisions |
-306,00 |
-0,68 |
-113,00 |
-0,28 |
-183,00 |
-0,55 |
|
d) Other day to day expenses |
-290,00 |
-0,65 |
-272,00 |
-0,67 |
-260,00 |
-0,79 |
|
8. Amortization of fixed assets |
-322,00 |
-0,72 |
-527,00 |
-1,29 |
-681,00 |
-2,06 |
|
9. Allocation of subventions on non financial investments and other |
5,00 |
0,01 |
5,00 |
0,01 |
3,00 |
0,01 |
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
-87,00 |
-0,21 |
|
|
|
b) Results for disposals and others |
|
|
-87,00 |
-0,21 |
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
161,00 |
0,36 |
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
6.611,00 |
14,78 |
5.309,00 |
13,04 |
3.644,00 |
11,02 |
|
14. Financial income |
3.610,00 |
8,07 |
5.303,00 |
13,02 |
3.140,00 |
9,50 |
|
a) From net worth instruments participations |
3.367,00 |
7,53 |
4.793,00 |
11,77 |
2.427,00 |
7,34 |
|
a 1) On group and associated companies |
3.367,00 |
7,53 |
4.793,00 |
11,77 |
2.427,00 |
7,34 |
|
b) From negotiable values and other financial instruments |
243,00 |
0,54 |
510,00 |
1,25 |
713,00 |
2,16 |
|
b 1) From group and associated companies |
73,00 |
0,16 |
25,00 |
0,06 |
28,00 |
0,08 |
|
b 2) From third parties |
170,00 |
0,38 |
485,00 |
1,19 |
685,00 |
2,07 |
|
15. Financial expenses |
-2.438,00 |
-5,45 |
-2.707,00 |
-6,65 |
-2.249,00 |
-6,80 |
|
a) For debts with associated and affiliated companies |
-1.186,00 |
-2,65 |
-1.471,00 |
-3,61 |
-1.066,00 |
-3,22 |
|
b) For debts with third parties |
-1.252,00 |
-2,80 |
-1.236,00 |
-3,04 |
-1.183,00 |
-3,58 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-375,00 |
-0,84 |
-228,00 |
-0,56 |
|
|
|
18. Deterioration and result for disposal of financial instruments |
-2.844,00 |
-6,36 |
5.192,00 |
12,75 |
-87,00 |
-0,26 |
|
a) Deteriorations and losses |
-2.844,00 |
-6,36 |
5.224,00 |
12,83 |
-87,00 |
-0,26 |
|
b) Results for disposals and others |
|
|
-32,00 |
-0,08 |
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-2.047,00 |
-4,58 |
7.560,00 |
18,57 |
804,00 |
2,43 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
4.564,00 |
10,20 |
12.869,00 |
31,61 |
4.448,00 |
13,45 |
|
20. Taxes on profits |
-1.604,00 |
-3,59 |
-1.465,00 |
-3,60 |
-22,00 |
-0,07 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
2.960,00 |
6,62 |
11.404,00 |
28,01 |
4.426,00 |
13,38 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
2.960,00 |
6,62 |
11.404,00 |
28,01 |
4.426,00 |
13,38 |
NET WORTH CHANGES STATUS
Status of
recognized income and expenses
Figures given in thousands €
|
NET WORTH CHANGES (1/3) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
2.960,00 |
11.404,00 |
4.426,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and subventions |
28,00 |
21,00 |
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
28,00 |
21,00 |
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and subventions |
-5,00 |
-5,00 |
-3,00 |
|
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) |
-5,00 |
-5,00 |
-3,00 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
2.983,00 |
11.420,00 |
4.423,00 |
Total net worth
changes status
Figures given in thousands €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
|
|
|
|
|
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) |
|
|
|
|
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
375,00 |
9.742,00 |
4.426,00 |
4,00 |
|
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) |
375,00 |
9.742,00 |
4.426,00 |
4,00 |
|
I. Total recognized income and expenses |
|
|
11.404,00 |
16,00 |
|
II. Operations with partners or owners |
|
-13.000,00 |
|
|
|
4. (-) Dividends distribution |
|
-13.000,00 |
|
|
|
III. Other net worth variations |
|
4.362,00 |
-4.426,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
375,00 |
1.104,00 |
11.404,00 |
20,00 |
|
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) |
375,00 |
1.104,00 |
11.404,00 |
20,00 |
|
I. Total recognized income and expenses |
|
|
2.960,00 |
23,00 |
|
II. Operations with partners or owners |
|
|
-10.000,00 |
|
|
4. (-) Dividends distribution |
|
|
-10.000,00 |
|
|
III. Other net worth variations |
|
1.404,00 |
-1.404,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
375,00 |
2.508,00 |
2.960,00 |
43,00 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
|
|
||
|
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) |
|
|
||
|
I. Total recognized income and expenses |
|
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
14.547,00 |
|
||
|
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) |
14.547,00 |
|
||
|
I. Total recognized income and expenses |
11.420,00 |
|
||
|
II. Operations with partners or owners |
-13.000,00 |
|
||
|
4. (-) Dividends distribution |
-13.000,00 |
|
||
|
III. Other net worth variations |
-64,00 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
12.903,00 |
|
||
|
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) |
12.903,00 |
|
||
|
I. Total recognized income and expenses |
2.983,00 |
|
||
|
II. Operations with partners or owners |
-10.000,00 |
|
||
|
4. (-) Dividends distribution |
-10.000,00 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
5.886,00 |
|
||
CASH FLOW STATUS
Figures given in thousands €
|
|
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
4.564,00 |
12.869,00 |
4.448,00 |
|
2. Results adjustments |
2.301,00 |
-7.122,00 |
115,00 |
|
a) Amortization of fixed assets (+) |
322,00 |
527,00 |
681,00 |
|
b) Value correction for deterioration (+/-) |
3.150,00 |
-5.086,00 |
87,00 |
|
c) Change of Provisions (+/-) |
6,00 |
6,00 |
241,00 |
|
d) Grants allocation (-) |
-5,00 |
-5,00 |
-3,00 |
|
f) Results for decline and disposal of financial instruments (+/-) |
|
32,00 |
|
|
g) Financial income (-) |
-3.610,00 |
-5.303,00 |
-3.140,00 |
|
f) Financial expenses (+) |
2.438,00 |
2.707,00 |
2.249,00 |
|
3. Changes in current capital |
438,00 |
-2.357,00 |
2.170,00 |
|
a) Stocks (+/-) |
250,00 |
-645,00 |
469,00 |
|
b) Debtors and other receivable accounts (+/-) |
134,00 |
-1.149,00 |
820,00 |
|
d) Creditors and other payable accounts (+/-) |
54,00 |
-563,00 |
881,00 |
|
4. Other cash flow coming from operating activities |
1.076,00 |
2.695,00 |
904,00 |
|
a) Interests payments (-) |
-2.399,00 |
-2.330,00 |
-1.990,00 |
|
b) Dividends collections (+) |
3.367,00 |
4.793,00 |
2.427,00 |
|
c) Interests collections (+) |
243,00 |
510,00 |
371,00 |
|
d) Collections (payments) for profit tax (+/-) |
-135,00 |
-278,00 |
96,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
8.379,00 |
6.085,00 |
7.637,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-421,00 |
-1.500,00 |
-23.277,00 |
|
a) Group and associated companies |
|
|
-4.328,00 |
|
c) Tangible assets |
-421,00 |
-150,00 |
-155,00 |
|
d) Real state investments |
|
|
-110,00 |
|
e) Other financial assets |
|
-1.350,00 |
-18.684,00 |
|
7. Disinvestment collections (+) |
7.674,00 |
6.962,00 |
19.318,00 |
|
a) Group and associated companies |
|
76,00 |
200,00 |
|
e) Other financial assets |
7.674,00 |
6.886,00 |
19.118,00 |
|
8. Cash Flow in investment activities (6 + 7) |
7.253,00 |
5.462,00 |
-3.959,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
28,00 |
21,00 |
|
|
e) Received legacies, grants and subventions (+) |
28,00 |
21,00 |
|
|
10. Financial liabilities instruments collections and payments |
-5.350,00 |
2.487,00 |
-5.418,00 |
|
a) Issue |
318,00 |
15.045,00 |
|
|
2. Debts with bank entities (+) |
|
372,00 |
|
|
3. Debts with group and associated companies (+) |
318,00 |
14.673,00 |
|
|
b) Return and amortization of |
-5.668,00 |
-12.558,00 |
-5.418,00 |
|
2. Debts with bank entities (-) |
-3.268,00 |
-2.458,00 |
-1.178,00 |
|
3. Debts with group and associated companies (-) |
-2.400,00 |
-10.100,00 |
-2.800,00 |
|
5. Other debts (-) |
|
|
-1.440,00 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
-10.000,00 |
-13.000,00 |
|
|
a) Dividends (-) |
-10.000,00 |
-13.000,00 |
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-15.322,00 |
-10.492,00 |
-5.418,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
310,00 |
1.055,00 |
-1.740,00 |
|
Cash or equivalents at the beginning of the exercise |
1.713,00 |
658,00 |
2.398,00 |
|
Cash or equivalents at the end of the exercise |
2.023,00 |
1.713,00 |
658,00 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
-13.089,00 |
-582,43 |
-1.918,00 |
-111,97 |
16.026,00 |
|
Working capital ratio |
-0,23 |
-666,67 |
-0,03 |
-113,04 |
0,23 |
|
Soundness Ratio |
0,14 |
-51,72 |
0,29 |
-17,14 |
0,35 |
|
Average Collection Period (days) |
70 |
-13,39 |
81 |
-8,20 |
88 |
|
Average Payment Period (days) |
258 |
-2,05 |
264 |
154,51 |
104 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
53,21 |
-42,62 |
92,74 |
-63,13 |
251,56 |
|
Quick Ratio (%) |
7,44 |
-79,62 |
36,51 |
-73,85 |
139,61 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
70,86 |
3,57 |
68,42 |
-0,34 |
68,64 |
|
External Financing Average Cost |
0,06 |
0,00 |
0,06 |
20,00 |
0,05 |
|
Debt Service Coverage |
4,88 |
-36,54 |
7,69 |
25,24 |
6,14 |
|
Interest Coverage |
2,71 |
38,27 |
1,96 |
20,99 |
1,62 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
18,73 |
25,28 |
14,94 |
-35,28 |
23,10 |
|
Auto financing generated by Assets (%) |
14,53 |
63,26 |
8,90 |
-20,32 |
11,17 |
|
Breakdown Point |
1,17 |
1,74 |
1,15 |
2,68 |
1,12 |
|
Average Sales Volume per Employee |
506,37 |
8,20 |
467,99 |
25,60 |
372,59 |
|
Average Cost per Employee |
60,00 |
2,92 |
58,30 |
1,85 |
57,24 |
|
Assets Turnover |
0,78 |
30,00 |
0,60 |
25,00 |
0,48 |
|
Inventory Turnover (days) |
66 |
-16,74 |
80 |
-17,84 |
97 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
11,47 |
47,62 |
7,77 |
45,78 |
5,33 |
|
Operating Profitability (%) |
12,02 |
43,04 |
8,41 |
32,86 |
6,33 |
|
Return on Equity (ROE) (%) |
78,11 |
-21,80 |
99,89 |
226,54 |
30,58 |
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 |
74,18 |
61,35 |
12,83 |
|
A) CURRENT ASSETS |
25,82 |
38,65 |
-12,83 |
|
LIABILITIES |
|||
|
A) NET WORTH |
10,21 |
21,00 |
-10,79 |
|
B) NON CURRENT LIABILITIES |
41,27 |
43,56 |
-2,29 |
|
C) CURRENT LIABILITIES |
48,52 |
35,44 |
13,08 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
99,59 |
0,41 |
|
Other operating income |
|
0,41 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-50,21 |
-69,76 |
19,55 |
|
Variation in stocks of finished goods and work in progress |
-0,17 |
-0,42 |
0,25 |
|
GROSS MARGIN |
49,63 |
29,83 |
19,80 |
|
Other operating costs |
-22,65 |
-20,58 |
-2,07 |
|
Labour cost |
-11,85 |
-9,40 |
-2,45 |
|
GROSS OPERATING RESULT |
15,13 |
-0,16 |
15,29 |
|
Amortization of fixed assets |
-0,72 |
-2,26 |
1,54 |
|
Deterioration and result for fixed assets disposal |
|
0,01 |
|
|
Other expenses / income |
|
0,67 |
|
|
NET OPERATING RESULT |
14,78 |
-1,73 |
16,51 |
|
Financial result |
-4,58 |
-2,42 |
-2,16 |
|
RESULT BEFORE TAX |
10,20 |
-4,15 |
14,35 |
|
Taxes on profits |
-3,59 |
1,54 |
-5,13 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
6,62 |
-2,61 |
9,23 |
|
Exercise result coming from discontinued operations net of taxes |
|
-0,04 |
|
|
NET RESULT |
6,62 |
-2,65 |
9,27 |
|
Amortization of fixed assets |
-0,72 |
-2,26 |
1,54 |
|
Deterioration and provisions variation |
-0,68 |
-0,28 |
-0,40 |
|
|
8,02 |
-0,11 |
8,13 |
Main Ratios
Figures given in thousands €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-13.089,00 |
-1.918,00 |
3.725,82 |
7.608,68 |
|
Working capital ratio |
-0,23 |
-0,03 |
0,21 |
0,42 |
|
Soundness Ratio |
0,14 |
0,48 |
1,25 |
2,84 |
|
Average Collection Period (days) |
70 |
36 |
79 |
108 |
|
Average Payment Period (days) |
258 |
81 |
114 |
178 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
53,21 |
92,81 |
152,42 |
255,78 |
|
Quick Ratio (%) |
7,44 |
5,35 |
36,51 |
115,33 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
70,86 |
14,30 |
20,85 |
48,88 |
|
External Financing Average Cost |
0,06 |
0,02 |
0,03 |
0,06 |
|
Debt Service Coverage |
4,88 |
0,80 |
2,16 |
3,92 |
|
Interest Coverage |
2,71 |
-4,02 |
5,23 |
19,25 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
18,73 |
1,24 |
4,90 |
7,39 |
|
Auto financing generated by Assets (%) |
14,53 |
1,00 |
5,41 |
9,23 |
|
Breakdown Point |
1,17 |
0,96 |
1,04 |
1,11 |
|
Average Sales Volume per Employee |
506,37 |
130,82 |
168,36 |
467,99 |
|
Average Cost per Employee |
60,00 |
37,68 |
43,11 |
55,60 |
|
Assets Turnover |
0,78 |
0,81 |
1,08 |
1,25 |
|
Inventory Turnover (days) |
66 |
56 |
85 |
164 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
11,47 |
-3,00 |
4,58 |
8,84 |
|
Operating Profitability (%) |
12,02 |
1,08 |
8,41 |
11,99 |
|
Return on Equity (ROE) (%) |
78,11 |
-2,10 |
6,23 |
15,34 |
ADDITIONAL INFORMATION
Consulted Sources
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
LA TITULAR
This company has been consulted was last displayed on 25/01/2013,
0 times in the last quarter and 1.295 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.