MIRA
INFORM REPORT
|
Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
LGAFASHION SL |
|
|
|
|
Registered Office : |
Avenida Lluis Companys, 23 Bj, 08970 Sant
Joan Despi Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
31.05.1999 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of textiles |
|
|
|
|
No. of Employees : |
04 |
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 March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
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
LGAFASHION SL
CIF/NIF: B61981395
Company situation: Active
Answer to the data
in your request
The data of your request have been confirmed and are correct, except the fax : the correct is 934772016.
The NIF provided is registered as IVA (VAT) operator.
EXECUTIVE SUMMARY
Identification
Current Business Name: LGAFASHION SL
Other names: YES
Current Address: AVENIDA LLUIS COMPANYS, 23 - BJ
08970 SANT JOAN DESPI BARCELONA
Telephone number: 933738053 Fax: 934772016
Corporate e-mail: irene@lgafahion.com
Financial Information
Balance sheet latest sales (2011): 2.023.974,49
(Mercantile Register)
Result: 7.320,72
Total Assets: 832.962,99
Share capital: 109.983,00
Employees: 4
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 31/05/1999
Activity: Wholesale of textiles
NACE 2009 CODE: 4641
International Operations: Exports
Corporate Structure
Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 23/01/2012 Capital
enlargement (IA)
Latest press article: No press articles registered for this
company
Bank Entities: There
are
The date when this report was last updated is 23/08/2013.
The information contained in this report has been investigated and contrasted
on 23/08/2013
Financial
situation
|
Exercise:2011 |
Evolution |
|||
|
Indebtedness |
|
Important |
|
|
|
Profitability |
|
Sufficient |
|
|
|
Soundness |
|
Excellent |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Good |
Rating Explanation
Financial situation
The companys financial situation is normal.
The companys financial situation evolution has
been stable.
The sales evolution and results has
been negative.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is very
small 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 |
Reduction |
11 |
There has been a change in the formula version. |
|
14/08/2012 |
Equal |
12 |
New financial statements have been uploaded. |
|
13/08/2012 |
Reduction |
12 |
New information has been loaded on our systems. |
INCIDENTS
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
21/08/2013 09:08:21
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 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
41.218,50 |
4,95 |
46.556,26 |
5,50 |
8.226,34 |
1,89 |
|
B) CURRENT ASSETS |
791.744,49 |
95,05 |
800.505,53 |
94,50 |
426.056,23 |
98,11 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
186.260,74 |
22,36 |
129.057,02 |
15,24 |
118.250,30 |
27,23 |
|
B) NON CURRENT LIABILITIES |
8.310,47 |
1,00 |
8.310,47 |
0,98 |
16.322,47 |
3,76 |
|
C) CURRENT LIABILITIES |
638.391,78 |
76,64 |
709.694,30 |
83,78 |
299.709,80 |
69,01 |
Profit and loss
account analysis
Figures given in
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
2.023.974,49 |
|
2.231.715,36 |
|
856.978,98 |
|
|
GROSS MARGIN |
800.545,16 |
39,55 |
843.111,76 |
37,78 |
408.278,99 |
47,64 |
|
EBITDA |
53.057,99 |
2,62 |
57.497,88 |
2,58 |
15.898,73 |
1,86 |
|
EBIT |
44.644,50 |
2,21 |
48.180,75 |
2,16 |
12.752,16 |
1,49 |
|
NET RESULT |
7.320,72 |
0,36 |
10.806,72 |
0,48 |
9.481,28 |
1,11 |
|
EFFECTIVE TAX RATE (%) |
27,31 |
0,00 |
20,00 |
0,00 |
20,00 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
4,95 |
30,62 |
-25,67 |
|
|
|
|
|
A) CURRENT ASSETS |
95,05 |
69,38 |
25,67 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
22,36 |
43,89 |
-21,53 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
1,00 |
15,78 |
-14,78 |
|
|
|
|
|
C) CURRENT LIABILITIES |
76,64 |
40,33 |
36,31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
98,78 |
1,22 |
|
|
|
|
|
GROSS MARGIN |
39,55 |
34,23 |
5,32 |
|
|
|
|
|
EBITDA |
2,62 |
3,96 |
-1,34 |
|
|
|
|
|
EBIT |
2,21 |
2,37 |
-0,16 |
|
|
|
|
|
NET RESULT |
0,36 |
0,86 |
-0,50 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4641
Number of companies: 870
Size (sales figure): 0 - 2,800,000.00 Euros
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results
Distribution
Source: annual financial report 2011
Figures given in
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
7.320,72 |
Legal Reserve |
732,07 |
|
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 |
6.588,65 |
|
Total of Amounts to be distributed |
7.320,72 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
7.320,72 |
company
ADDRESSES
Current Legal Seat Address:
AVENIDA LLUIS COMPANYS, 23 - BJ
08970 SANT JOAN DESPI BARCELONA
Previous Seat Address:
CALLE TORREBLANCA 18
08970 SANT
JOAN DESPI BARCELONA
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 2 members (latest change:
15/06/2004) Operative Board Members : 2 (latest change: 15/11/2010) Non-current positions : 1 (latest change: 15/06/2004) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
ADMINISTRATOR |
ELIE RENE LAVAILL, CHRISTIAN |
22/10/1999 |
|
ADMINISTRATOR |
VAN DE PERRE, MADELEINE |
15/06/2004 |
|
|
|
|
There are 2 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ELIE RENE LAVAILL CHRISTIAN |
|
Indef. |
OWN SOURCES |
23/08/2013 |
|
|
VAN PERRE MADELEINE |
|
Indef. |
OWN SOURCES |
23/08/2013 |
There are 2 direct financial links through shareholders
registered
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: MADELEINE VAN DE PERRE
|
COMPANY |
POSITION |
PROVINCE |
|
KIBOFASHION S.L. |
Administrador |
BARCELONA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: LGAFASHION SL
URL: www.boe.es
borme-a-2012-15-08 - BOE.es 23 Ene 2012 ... 29768 - LGAFASHION SL.
Ampliaciσn de capital. Capital: 49.883,00 Euros. Resultante Suscrito:
109.983,00 Euros. Datos registrales. T 31915 ...
BUSINESS INFORMATION
Incorporation date: 31/05/1999
Activity: Wholesale of textiles
NACE 2009 CODE: 4641
NACE 2009 Activity: Wholesale of textiles
Business: COMERCIO AL POR MAYOR Y MENOR, DISTRIBUCION E
INTERMEDIACION EN ACTOS DE COMERCIO DE PRODUCTOS TEXTILES Y ACCESORIOS A LOS
MISMOS. FABRICACION DE PRODUCTOS TEXTILES Y ACCESORIOS A LOS MISMOS.
Activity description: Comercio mayor - menor de fibras textiles.
Latest employees figure: 4 (2013)
% of fixed employees: 100,00%
% of men: 44,44%
% of women: 55,56%
Employees
evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Support intellectuals and scientists, technicians and professionals |
2 |
|
|
|
Administrative employees |
2 |
|
|
|
Other qualified employees |
2 |
|
|
|
Gender distribution |
|
4 |
5 |
COMMERCIAL OPERATIONS
SALES
Exports to: UNION EUROPEA
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAIXABANK, S.A. |
|
|
|
|
|
TARGOBANK, S.A. |
|
|
|
|
There are 2 bank entities registered
FORMER NAMES:
LAVAILL & GONZALEZ ASOCIADOS S.L.
LEGAL
STRUCTURE
Constitution Data
Register Date: 31/05/1999
Register town: Barcelona
Announcement number: 349116
Share capital: 30.050,61
Legal form: Limited Liability Company
Share capital: 109.983,00
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: 3 (Last: 15/06/2004, first:
22/10/1999)
Acts on capital: 3 (Last: 23/01/2012, first:
26/03/2010)
Acts on creation: 1 (Last: 22/10/1999)
Acts on filed accounts: 12 (Last: 19/08/2011, first:
28/09/2000)
Acts on identification: 2 (Last: 06/07/2004, first:
15/06/2004)
Acts on Information: 0
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Capital enlargement (IA) |
23/01/2012 |
29768 |
Barcelona |
|
Annual Filed Accounts (2010) |
19/08/2011 |
317904 |
Barcelona |
|
Annual Filed Accounts (2009) |
21/09/2010 |
610522 |
Barcelona |
|
Capital enlargement (IA) |
26/03/2010 |
124887 |
Barcelona |
|
Capital reduction (IA) |
26/03/2010 |
124887 |
Barcelona |
|
Annual Filed Accounts (2008) |
25/09/2009 |
484626 |
Barcelona |
|
Annual Filed Accounts (2007) |
03/10/2008 |
740734 |
Barcelona |
|
Annual Filed Accounts (2006) |
27/09/2007 |
648564 |
Barcelona |
|
Annual Filed Accounts (2005) |
13/12/2006 |
1014501 |
Barcelona |
|
Annual Filed Accounts (2004) |
26/09/2005 |
532504 |
Barcelona |
Press articles
No press articles registered for this company
Complementary
Information
Financial links: shareholders
El nϊmero total de socios asciende a 2.
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 11/08/2012.
SITUATION
BALANCE-SHEET
Assets
Figures given in
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
41.218,50 |
4,95 |
46.556,26 |
5,50 |
8.226,34 |
1,89 |
|
I. Intangible assets |
3.249,66 |
0,39 |
4.683,33 |
0,55 |
|
|
|
II. Tangible fixed assets |
25.323,42 |
3,04 |
29.227,51 |
3,45 |
7.580,92 |
1,75 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
12.645,42 |
1,52 |
12.645,42 |
1,49 |
645,42 |
0,15 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
791.744,49 |
95,05 |
800.505,53 |
94,50 |
426.056,23 |
98,11 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
719.838,78 |
86,42 |
499.763,04 |
59,00 |
46.216,80 |
10,64 |
|
III. Trade Debtors and other receivable accounts |
70.990,77 |
8,52 |
278.587,08 |
32,89 |
286.494,47 |
65,97 |
|
1. Clients |
70.990,61 |
8,52 |
278.587,08 |
32,89 |
286.494,47 |
65,97 |
|
b) Clients for sales and short term services
rendering |
70.990,61 |
8,52 |
278.587,08 |
32,89 |
286.494,47 |
65,97 |
|
3. Other debtors |
0,16 |
0,00 |
|
|
|
|
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
914,94 |
0,11 |
|
|
|
|
|
VII. Cash and equivalents |
|
|
22.155,41 |
2,62 |
93.344,96 |
21,49 |
|
TOTAL ASSETS (A + B) |
832.962,99 |
100,00 |
847.061,79 |
100,00 |
434.282,57 |
100,00 |
Net Worth and
Liabilities
Figures given in
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NET WORTH |
186.260,74 |
22,36 |
129.057,02 |
15,24 |
118.250,30 |
27,23 |
|
A-1) Equity |
186.260,74 |
22,36 |
129.057,02 |
15,24 |
118.250,30 |
27,23 |
|
I. Capital |
109.933,61 |
13,20 |
60.050,61 |
7,09 |
60.050,61 |
13,83 |
|
1. Authorized capital |
109.933,61 |
13,20 |
60.050,61 |
7,09 |
60.050,61 |
13,83 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
69.006,41 |
8,28 |
58.199,69 |
6,87 |
48.718,41 |
11,22 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
7.320,72 |
0,88 |
10.806,72 |
1,28 |
9.481,28 |
2,18 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
8.310,47 |
1,00 |
8.310,47 |
0,98 |
16.322,47 |
3,76 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
8.310,47 |
1,00 |
8.310,47 |
0,98 |
16.322,47 |
3,76 |
|
1. Debts with bank entities |
8.310,47 |
1,00 |
8.310,47 |
0,98 |
16.322,47 |
3,76 |
|
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 |
638.391,78 |
76,64 |
709.694,30 |
83,78 |
299.709,80 |
69,01 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
503.264,40 |
60,42 |
80.882,33 |
9,55 |
18.026,93 |
4,15 |
|
1. Debts with bank entities |
445.286,32 |
53,46 |
42.709,96 |
5,04 |
9.547,21 |
2,20 |
|
3. Other short term debts |
57.978,08 |
6,96 |
38.172,37 |
4,51 |
8.479,72 |
1,95 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
135.127,38 |
16,22 |
628.811,97 |
74,23 |
281.682,87 |
64,86 |
|
1. Suppliers |
|
|
450.638,19 |
53,20 |
151.313,61 |
34,84 |
|
b) Short term suppliers |
|
|
450.638,19 |
53,20 |
151.313,61 |
34,84 |
|
2. Other creditors |
135.127,38 |
16,22 |
178.173,78 |
21,03 |
130.369,26 |
30,02 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
832.962,99 |
100,00 |
847.061,79 |
100,00 |
434.282,57 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
2.023.974,49 |
100,00 |
2.231.715,36 |
100,00 |
856.978,98 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-1.223.429,33 |
-60,45 |
-1.388.603,60 |
-62,22 |
-448.699,99 |
-52,36 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-196.254,84 |
-9,70 |
-184.502,53 |
-8,27 |
-118.576,26 |
-13,84 |
|
7. Other operating costs |
-559.669,07 |
-27,65 |
-601.130,04 |
-26,94 |
-273.767,48 |
-31,95 |
|
8. Amortization of fixed assets |
-8.413,49 |
-0,42 |
-8.588,88 |
-0,38 |
-3.146,57 |
-0,37 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
-728,25 |
-0,03 |
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
8.436,74 |
0,42 |
18,69 |
0,00 |
-36,52 |
0,00 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
44.644,50 |
2,21 |
48.180,75 |
2,16 |
12.752,16 |
1,49 |
|
14. Financial income |
|
|
0,13 |
0,00 |
1,98 |
0,00 |
|
b) Other financial income |
|
|
0,13 |
0,00 |
1,98 |
0,00 |
|
15. Financial expenses |
-38.665,36 |
-1,91 |
-22.118,63 |
-0,99 |
-2.474,06 |
-0,29 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
3.387,08 |
0,17 |
-12.443,15 |
-0,56 |
|
|
|
18. Deterioration and result for disposal of financial instruments |
704,93 |
0,03 |
-110,70 |
0,00 |
1.571,52 |
0,18 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-34.573,35 |
-1,71 |
-34.672,35 |
-1,55 |
-900,56 |
-0,11 |
|
C) RESULT BEFORE TAXES (A + B) |
10.071,15 |
0,50 |
13.508,40 |
0,61 |
11.851,60 |
1,38 |
|
20. Taxes on profits |
-2.750,43 |
-0,14 |
-2.701,68 |
-0,12 |
-2.370,32 |
-0,28 |
|
D) EXERCISE RESULT (C + 20) |
7.320,72 |
0,36 |
10.806,72 |
0,48 |
9.481,28 |
1,11 |
NET WORTH CHANGES STATUS
Status of recognized
income and expensesFor 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 (2008) |
30.050,61 |
43.223,28 |
5.495,13 |
78.769,02 |
|
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) |
30.050,61 |
43.223,28 |
5.495,13 |
78.769,02 |
|
I. Total recognized income and expenses |
|
|
9.481,28 |
9.481,28 |
|
II. Operations with partners or owners |
30.000,00 |
|
|
30.000,00 |
|
1. Capital Increases |
30.000,00 |
|
|
30.000,00 |
|
III. Other net worth variations |
|
5.495,13 |
-5.495,13 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
60.050,61 |
48.718,41 |
9.481,28 |
118.250,30 |
|
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) |
60.050,61 |
48.718,41 |
9.481,28 |
118.250,30 |
|
I. Total recognized income and expenses |
|
|
10.806,72 |
10.806,72 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
9.481,28 |
-9.481,28 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
60.050,61 |
58.199,69 |
10.806,72 |
129.057,02 |
|
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) |
60.050,61 |
58.199,69 |
10.806,72 |
129.057,02 |
|
I. Total recognized income and expenses |
|
|
7.320,72 |
7.320,72 |
|
II. Operations with partners or owners |
49.883,00 |
|
|
49.883,00 |
|
1. Capital Increases |
49.883,00 |
|
|
49.883,00 |
|
III. Other net worth variations |
|
10.806,72 |
-10.806,72 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
109.933,61 |
69.006,41 |
7.320,72 |
186.260,74 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
153.352,71 |
68,87 |
90.811,23 |
-28,13 |
126.346,43 |
|
Working capital ratio |
0,18 |
63,64 |
0,11 |
-62,07 |
0,29 |
|
Soundness Ratio |
4,52 |
63,18 |
2,77 |
-80,74 |
14,38 |
|
Average Collection Period (days) |
13 |
-72,00 |
45 |
-62,57 |
120 |
|
Average Payment Period (days) |
27 |
-75,95 |
114 |
-18,97 |
140 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
124,02 |
9,95 |
112,80 |
-20,65 |
142,16 |
|
Quick Ratio (%) |
|
-100,00 |
3,12 |
-89,98 |
31,14 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
61,42 |
483,29 |
10,53 |
33,12 |
7,91 |
|
External Financing Average Cost |
0,08 |
-68,00 |
0,25 |
257,14 |
0,07 |
|
Debt Service Coverage |
32,51 |
606,74 |
4,60 |
69,12 |
2,72 |
|
Interest Coverage |
1,16 |
-46,79 |
2,18 |
-57,67 |
5,15 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
0,78 |
-10,34 |
0,87 |
-40,82 |
1,47 |
|
Auto financing generated by Assets (%) |
1,89 |
-17,47 |
2,29 |
-21,31 |
2,91 |
|
Breakdown Point |
1,02 |
0,00 |
1,02 |
0,99 |
1,02 |
|
Average Sales Volume per Employee |
359.498,13 |
-3,35 |
371.952,56 |
73,61 |
214.244,74 |
|
Average Cost per Employee |
34.858,76 |
13,36 |
30.750,42 |
3,73 |
29.644,06 |
|
Assets Turnover |
2,43 |
-7,95 |
2,64 |
34,01 |
1,97 |
|
Inventory Turnover (days) |
212 |
63,33 |
130 |
249,51 |
37 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
5,36 |
-5,80 |
5,69 |
93,54 |
2,94 |
|
Operating Profitability (%) |
6,37 |
-3,78 |
6,62 |
80,87 |
3,66 |
|
Return on Equity (ROE) (%) |
5,41 |
-48,33 |
10,47 |
4,49 |
10,02 |
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 |
4,95 |
30,62 |
-25,67 |
|
A) CURRENT ASSETS |
95,05 |
69,38 |
25,67 |
|
LIABILITIES |
|||
|
A) NET WORTH |
22,36 |
43,89 |
-21,53 |
|
B) NON CURRENT LIABILITIES |
1,00 |
15,78 |
-14,78 |
|
C) CURRENT LIABILITIES |
76,64 |
40,33 |
36,31 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,78 |
1,22 |
|
Other operating income |
|
1,22 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-60,45 |
-66,71 |
6,26 |
|
Variation in stocks of finished goods and work in progress |
|
0,95 |
|
|
GROSS MARGIN |
39,55 |
34,23 |
5,32 |
|
Other operating costs |
-27,65 |
-14,97 |
-12,68 |
|
Labour cost |
-9,70 |
-15,89 |
6,19 |
|
GROSS OPERATING RESULT |
2,20 |
3,37 |
-1,17 |
|
Amortization of fixed assets |
-0,42 |
-1,60 |
1,18 |
|
Deterioration and result for fixed assets disposal |
|
0,00 |
|
|
Other expenses / income |
|
0,60 |
|
|
NET OPERATING RESULT |
2,21 |
2,37 |
-0,16 |
|
Financial result |
-1,71 |
-1,25 |
-0,46 |
|
RESULT BEFORE TAX |
0,50 |
1,12 |
-0,62 |
|
Taxes on profits |
-0,14 |
-0,27 |
0,13 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,36 |
0,86 |
-0,50 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,36 |
0,86 |
-0,50 |
|
Amortization of fixed assets |
-0,42 |
-1,60 |
1,18 |
|
Deterioration and provisions variation |
|
0,01 |
|
|
|
0,78 |
2,45 |
-1,67 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
153.352,71 |
25.208,36 |
114.887,60 |
299.571,60 |
|
Working capital ratio |
0,18 |
0,10 |
0,26 |
0,45 |
|
Soundness Ratio |
4,52 |
0,93 |
2,09 |
5,56 |
|
Average Collection Period (days) |
13 |
27 |
67 |
124 |
|
Average Payment Period (days) |
27 |
69 |
110 |
192 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
124,02 |
116,06 |
153,83 |
261,19 |
|
Quick Ratio (%) |
|
3,74 |
16,06 |
58,28 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
61,42 |
3,92 |
22,42 |
43,62 |
|
External Financing Average Cost |
0,08 |
0,02 |
0,05 |
0,09 |
|
Debt Service Coverage |
32,51 |
0,00 |
2,82 |
13,64 |
|
Interest Coverage |
1,16 |
-0,28 |
1,54 |
4,79 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
0,78 |
0,19 |
2,02 |
4,97 |
|
Auto financing generated by Assets (%) |
1,89 |
0,15 |
2,26 |
4,80 |
|
Breakdown Point |
1,02 |
1,00 |
1,02 |
1,05 |
|
Average Sales Volume per Employee |
359.498,13 |
76.853,42 |
134.387,54 |
238.444,56 |
|
Average Cost per Employee |
34.858,76 |
14.996,95 |
22.293,69 |
30.534,21 |
|
Assets Turnover |
2,43 |
0,57 |
1,01 |
1,61 |
|
Inventory Turnover (days) |
212 |
56 |
167 |
400 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
5,36 |
-0,54 |
2,26 |
5,10 |
|
Operating Profitability (%) |
6,37 |
0,59 |
3,75 |
7,51 |
|
Return on Equity (ROE) (%) |
5,41 |
-2,71 |
3,17 |
10,79 |
ADDITIONAL INFORMATION
Consulted Sources
Central Mercantile Register
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
Telephone directory: PΑGINAS AMARILLAS
Titular
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.69 |
|
UK Pound |
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.86.30 |
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 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.