MIRA INFORM REPORT
|
Report Date : |
04.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
METALURGICA POYATOS SOCIEDAD LIMITADA |
|
|
|
|
Registered Office : |
Poligono Industrial Juncaril, 240
18220 Albolote Granada |
|
|
|
|
Country : |
Spain |
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|
|
Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
21.03.1990 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees : |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
spain - ECONOMIC OVERVIEW
spain's mixed capitalist economy is the 13th largest
in the world, and its per capita income roughly matches that of Germany and
France. However, after almost 15 years of above average GDP growth, the Spanish
economy began to slow in late 2007 and entered into a recession in the second
quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth trend,
and by another 0.1% in 2010, before turning positive in 2011, making Spain the
last major economy to emerge from the global recession. The reversal in
Spain''s economic growth reflected a significant decline in construction amid
an oversupply of housing and falling consumer spending, while exports actually
have begun to grow. Government efforts to boost the economy through stimulus
spending, extended unemployment benefits, and loan guarantees did not prevent a
sharp rise in the unemployment rate, which rose from a low of about 8% in 2007
to over 20% in 2011. The government budget deficit worsened from 3.8% of GDP in
2008 to 9.2% of GDP in 2010, more than three times the euro-zone limit. Madrid
cut the deficit to 8.5% of GDP in 2011, a larger deficit than the 6% target
negotiated between Spain and the EU. Spain''s large budget deficit and poor
economic growth prospects have made it vulnerable to financial contagion from
other highly-indebted euro zone members despite the government''s efforts to
cut spending, privatize industries, and boost competitiveness through labor
market reforms. Spanish banks'' high exposure to the collapsed domestic
construction and real estate market also poses a continued risk for the sector.
The government oversaw a restructuring of the savings bank sector in 2010, and
provided some $15 billion in capital to various institutions. Investors remain
concerned that Madrid may need to bail out more troubled banks. The Bank of
Spain, however, is seeking to boost confidence in the financial sector by
pressuring banks to come clean about their losses and consolidate into stronger
groups.
|
Source : CIA |
Company name
METALURGICA POYATOS SOCIEDAD LIMITADA
CIF/NIF: B18230060
Company situation: Active
Answer to the data
in your request
In spite of investigations using every source available (public and
private), no additional details than those contained in this report are
available.
Other Complementary Information
It is correct that POYATOS SL (B18228429 (And POYATOS EXPORT SL
(B18683268), are marketers of the holder.
EXECUTIVE SUMMARY
Identification
Current Business Name: METALURGICA
POYATOS SOCIEDAD LIMITADA
Other names: YES
Current Address: POLIGONO INDUSTRIAL JUNCARIL, 240
Telephone number: 958466990 Fax: 958467118
URL: www.poyatos.com
Corporate e-mail: poyatos@poyatos.com
Trade Risk
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2011): 5.772.225,80 €
(Mercantile Register)
Result: 958.137,01 €
Total Assets: 6.858.363,1 €
Share capital: 60.101,21 €
Employees: 48
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 21/03/1990
Activity: Const of machinery, mechanic equipment
NACE 2009 CODE: 2899
International Operations: Exports
Corporate Structure
Sole Administrator:
Parent Company:
Participations: 2
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 13/10/2011 Annual Filed Accounts
Latest press
article: 29/07/2011 IDEAL DE GRANADA (LEGAL ANNOUNCEMENTS)
Bank Entities: There are
Financial situation
|
Exercise:2011 |
|
||
|
Immediate liquidity |
Limited |
|
|
|
Indebtedness |
Very slight |
|
|
|
Profitability |
Very good |
|
|
|
Soundness |
Excellent |
|
|
Performance
|
Incidents |
None or Negligible |
|
Business Trajectory |
Superior |
Rating Explanation
Financial situation
The company’s financial situation is good.
The sales evolution has been positive not the results one,
which has been negative.
Company Structure
The company’s capitalization degree determines that its structure
is normal.
The company’s size is small depending on its sales volume.
The employees evolution has been positive.
Performance and Incidences
The available information indicates that the company does not have
payment incidences.
He have detected no recent legal actions or claims from the
Administration against this company.
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 |
15 |
There has been a change in the formula version. |
|
03/10/2012 |
Reduction |
17 |
New financial statements have been uploaded. |
|
26/10/2011 |
Increase |
18 |
New financial statements have been uploaded. |
|
13/10/2011 |
Increase |
15 |
New information has been loaded on our systems. |
|
11/10/2011 |
Reduction |
14 |
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.
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT
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
28/01/2013 13:01:02
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 |
104.016,73 |
1,52 |
107.019,13 |
1,93 |
51.671,13 |
1,07 |
|
B) CURRENT ASSETS |
6.754.346,37 |
98,48 |
5.444.217,58 |
98,07 |
4.778.090,22 |
98,93 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
4.899.164,58 |
71,43 |
3.941.027,57 |
70,99 |
2.916.004,69 |
60,38 |
|
B) NON CURRENT LIABILITIES |
45.047,01 |
0,66 |
45.047,01 |
0,81 |
|
|
|
C) CURRENT LIABILITIES |
1.914.151,51 |
27,91 |
1.565.162,13 |
28,19 |
1.913.756,66 |
39,62 |
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 |
5.772.225,80 |
|
3.440.111,08 |
|
2.042.350,00 |
|
|
GROSS MARGIN |
3.312.648,63 |
57,39 |
3.011.968,28 |
87,55 |
1.797.208,69 |
88,00 |
|
EBITDA |
1.399.372,24 |
24,24 |
1.435.500,25 |
41,73 |
258.312,73 |
12,65 |
|
EBIT |
1.396.369,84 |
24,19 |
1.436.293,20 |
41,75 |
258.612,73 |
12,66 |
|
NET RESULT |
958.137,01 |
16,60 |
1.025.022,88 |
29,80 |
209.562,49 |
10,26 |
|
EFFECTIVE TAX RATE (%) |
31,44 |
0,00 |
30,00 |
0,00 |
30,00 |
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 |
1,52 |
34,88 |
-33,36 |
|
|
|
|
|
A) CURRENT ASSETS |
98,48 |
65,12 |
33,36 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
71,43 |
48,94 |
22,49 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
0,66 |
12,91 |
-12,25 |
|
|
|
|
|
C) CURRENT LIABILITIES |
27,91 |
38,15 |
-10,24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
97,99 |
2,01 |
|
|
|
|
|
GROSS MARGIN |
57,39 |
49,11 |
8,28 |
|
|
|
|
|
EBITDA |
24,24 |
8,31 |
15,93 |
|
|
|
|
|
EBIT |
24,19 |
4,40 |
19,79 |
|
|
|
|
|
NET RESULT |
16,60 |
2,79 |
13,81 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 2899
Number of companies: 70
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 |
958.137,01 |
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 |
958.137,01 |
|
Total of Amounts to be distributed |
958.137,01 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
958.137,01 |
ADDRESSES
Current Legal Seat Address:
POLIGONO INDUSTRIAL JUNCARIL, 240
18220 ALBOLOTE GRANADA
Characteristics of the current address
Type of establishment: store
Owners: rented
Local Situation: main
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
23/08/2007)
Operative Board Members : 4 (latest change: 24/01/2012)
Non-current positions : 1 (latest change: 23/08/2007)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
POYATOS AGUILERA, JULIO |
23/08/2007 |
|
|
|
|
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 70.188,19 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
POYATOS AGUILERA, JULIO |
|
Financial Manager |
PEREIRA JIMENEZ, RAFAEL |
|
Commercial Director |
SORIANO GARCIA, FRANCISCO |
|
Operations Director |
REYES MENDOZA, RAFAEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
POYATOS DIAZ ANTONIO |
|
70,00 |
OWN SOURCES |
24/01/2012 |
|
|
POYATOS AGUILERA JULIO |
|
10,00 |
OWN SOURCES |
24/01/2012 |
|
|
AGUILERA CABELLO MARGARITA |
|
10,00 |
OWN SOURCES |
24/01/2012 |
|
|
POYATOS AGUILERA MARIA EUGENIA |
|
10,00 |
OWN SOURCES |
24/01/2012 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
POYATOS EXPORT SA |
A18683268 |
85,00 |
OWN SOURCES |
10/01/2012 |
|
|
ECOSOL CHAPARRAL SL |
B18862805 |
5,00 |
MERCANTILE REGISTER |
31/12/2011 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”JULIO POYATOS AGUILERA”
|
COMPANY |
POSITION |
PROVINCE |
|
POYATOS SOCIEDAD LIMITADA |
Socio |
GRANADA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”METALURGICA POYATOS SOCIEDAD LIMITADA”
URL: empresite.eleconomista.es
METALURGICA POYATOS SA Acceda al Informe Ampliado de esta empresa:
Ver Informe de METALURGICA POYATOS... Forma jurídica: Sociedad limitada. Rango
de empleados: Entre 25 y ...
URL: www.boe.es
borme-a-2011-150-18 - BOE.es 8 Ago 2011 ... 329750 -
DISTRIBUCIONES IPL-LASER YEBRA SL. .... 329773 - TALLERES METALURGICOS POYATOS
JUNCARIL SL. Cambio de domicilio ...
URL: www.agenciaidea.es
Incentivos concedidos 2º trimestre 2012 - Agencia de Innovación y ... 451559.
METALURGICA POYATOS, S.L.. B18230060 ALBOLOTE. 99.590,00 €. 460001. NEXUS
PROFESSIONAL, SL. B18860171 GRANADA. 11.320,00 € ...
URL: cpep.ugr.es
EMPRESAS COLABORADORAS 2011.pdf - Centro de Promocion ... ÁBACO
ANDALUZA DE ARTE Y ARTESANIA, S.L. ... APARICIO Y PÉREZ AGENCIA DE SEGUROS
VINCULADA, S.L. ..... S.L.. METALÚRGICA POYATOS, S.A. ...
BUSINESS INFORMATION
Incorporation date: 21/03/1990
Activity: Const of machinery, mechanic equipment
NACE 2009 CODE: 2899
NACE 2009 Activity: Manufacture of other special-purpose
machinery n.e.c.
Business: DISENO, FABRICACION, VENTA, INSTALACION Y SERVICIO
DE MANTENIMIENTO Y REPUESTOS DE MAQUINARIA ESPECIFICA PARA LA CONSTRUCCION.
Activity description: Design, manufacture, sale, installation, service and spares of
specified machinery for construction and public
works.
Employees
Latest employees figure: 48 (2012)
% of fixed employees: 37,50%
% of temporary employees: 62,50%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Support intellectuals and scientists, technicians and professionals |
2 |
|
|
|
Other qualified employees |
43 |
|
|
|
Non qualified employees |
1 |
|
|
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
6729 |
GV DE COLON 3 P-1 APDO. 00000 |
GRANADA |
Granada |
Bank sources inform that the subject maintains since long a correct
operative, offering a favourable opinion based on their experience.
FORMER NAMES:
METALURGICA POYATOS SL
METALURGICA POYATOS SA
LEGAL STRUCTURE
Constitution Data
Register Date: 21/03/1990
Register town: Granada
Announcement number: 51289
Legal form: Limited Liability Company
Share capital: 60.101,21 €
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: 7 (Last: 11/10/2011, first:
28/05/1990)
Acts on capital: 1 (Last: 11/10/2011)
Acts on creation: 1 (Last: 28/05/1990)
Acts on filed accounts: 20 (Last: 13/10/2011, first:
22/01/1993)
Acts on identification: 2 (Last: 11/10/2011, first:
01/08/2011)
Acts on Information: 1 (Last: 11/10/2011)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2010) |
13/10/2011 |
792459 |
Granada |
|
Other concepts |
11/10/2011 |
403294 |
Granada |
|
Capital reduction (IA) |
11/10/2011 |
403294 |
Granada |
|
Re-elections |
11/10/2011 |
403294 |
Granada |
|
Company’s transformation. |
11/10/2011 |
403294 |
Granada |
|
Company’s transformation |
01/08/2011 |
27685 |
|
|
Annual Filed Accounts (2009) |
10/02/2011 |
68685 |
Granada |
|
Annual Filed Accounts (2008) |
18/01/2010 |
39188 |
Granada |
|
Annual Filed Accounts (2007) |
13/11/2008 |
1087640 |
Granada |
|
Annual Filed Accounts (2006) |
20/11/2007 |
1044281 |
Granada |
PRESS ARTICLES
Press summary by type of information (last five years)
Legal notices: 1 (Last: 29/07/2011)
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 0
Latest press article published
29/07/2011 IDEAL DE GRANADA (Page 10) LEGAL
ANNOUNCEMENTS
The Universal General Meeting of Shareholders
and Cia., Held on
30/06/2011, unanimously agreed, transforming society in Limited Liability 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 03/10/2012.
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 |
104.016,73 |
1,52 |
107.019,13 |
1,93 |
51.671,13 |
1,07 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
52.345,60 |
0,76 |
55.348,00 |
1,00 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
51.248,50 |
0,75 |
51.248,50 |
0,92 |
51.248,50 |
1,06 |
|
V. Long Term Financial Investments |
422,63 |
0,01 |
422,63 |
0,01 |
422,63 |
0,01 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
6.754.346,37 |
98,48 |
5.444.217,58 |
98,07 |
4.778.090,22 |
98,93 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
2.736.057,93 |
39,89 |
2.576.486,36 |
46,41 |
1.077.833,77 |
22,32 |
|
III. Trade Debtors and other receivable accounts |
3.893.157,03 |
56,77 |
2.144.173,96 |
38,63 |
2.516.562,54 |
52,11 |
|
1. Clients |
3.892.707,68 |
56,76 |
2.138.374,44 |
38,52 |
2.516.222,07 |
52,10 |
|
b) Clients for sales and short term services
rendering |
3.892.707,68 |
56,76 |
2.138.374,44 |
38,52 |
2.516.222,07 |
52,10 |
|
3. Other debtors |
449,35 |
0,01 |
5.799,52 |
0,10 |
340,47 |
0,01 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
565.800,00 |
10,19 |
1.058.000,00 |
21,91 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
125.131,41 |
1,82 |
157.757,26 |
2,84 |
125.693,91 |
2,60 |
|
TOTAL ASSETS (A + B) |
6.858.363,10 |
100,00 |
5.551.236,71 |
100,00 |
4.829.761,35 |
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 |
4.899.164,58 |
71,43 |
3.941.027,57 |
70,99 |
2.916.004,69 |
60,38 |
|
A-1) Equity |
4.899.164,58 |
71,43 |
3.941.027,57 |
70,99 |
2.916.004,69 |
60,38 |
|
I. Capital |
60.101,21 |
0,88 |
60.101,21 |
1,08 |
60.101,21 |
1,24 |
|
1. Authorized capital |
60.101,21 |
0,88 |
60.101,21 |
1,08 |
60.101,21 |
1,24 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
3.880.926,36 |
56,59 |
2.855.903,48 |
51,45 |
2.646.340,99 |
54,79 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
958.137,01 |
13,97 |
1.025.022,88 |
18,46 |
209.562,49 |
4,34 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
45.047,01 |
0,66 |
45.047,01 |
0,81 |
|
|
|
I. Long term provisions |
45.047,01 |
0,66 |
45.047,01 |
0,81 |
|
|
|
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 |
1.914.151,51 |
27,91 |
1.565.162,13 |
28,19 |
1.913.756,66 |
39,62 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
34.153,90 |
0,50 |
20.805,59 |
0,37 |
2.357,38 |
0,05 |
|
3. Other short term debts |
34.153,90 |
0,50 |
20.805,59 |
0,37 |
2.357,38 |
0,05 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
1.879.997,61 |
27,41 |
1.544.356,54 |
27,82 |
1.911.399,28 |
39,58 |
|
1. Suppliers |
854.976,91 |
12,47 |
733.139,66 |
13,21 |
346.284,30 |
7,17 |
|
b) Short term suppliers |
854.976,91 |
12,47 |
733.139,66 |
13,21 |
346.284,30 |
7,17 |
|
2. Other creditors |
1.025.020,70 |
14,95 |
811.216,88 |
14,61 |
1.565.114,98 |
32,41 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
6.858.363,10 |
100,00 |
5.551.236,71 |
100,00 |
4.829.761,35 |
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 |
5.772.225,80 |
100,00 |
3.440.111,08 |
99,93 |
2.042.350,00 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
343.821,93 |
5,96 |
1.074.476,51 |
31,21 |
455.362,76 |
22,30 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-2.803.399,10 |
-48,57 |
-1.504.968,77 |
-43,72 |
-700.504,07 |
-34,30 |
|
5. Other operating income |
|
|
2.349,46 |
0,07 |
|
|
|
6. Labour cost |
-1.642.908,31 |
-28,46 |
-1.729.512,88 |
-50,24 |
-1.330.282,88 |
-65,13 |
|
7. Other operating costs |
-306.760,23 |
-5,31 |
-210.695,45 |
-6,12 |
-208.640,12 |
-10,22 |
|
8. Amortization of fixed assets |
-3.002,40 |
-0,05 |
-1.275,01 |
-0,04 |
|
|
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
2.067,96 |
0,06 |
300,00 |
0,01 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
36.392,15 |
0,63 |
363.740,30 |
10,57 |
27,04 |
0,00 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
1.396.369,84 |
24,19 |
1.436.293,20 |
41,72 |
258.612,73 |
12,66 |
|
14. Financial income |
4.263,75 |
0,07 |
30.331,64 |
0,88 |
42.527,71 |
2,08 |
|
b) Other financial income |
4.263,75 |
0,07 |
30.331,64 |
0,88 |
42.527,71 |
2,08 |
|
15. Financial expenses |
-3.016,78 |
-0,05 |
-2.610,39 |
-0,08 |
-1.527,40 |
-0,07 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
303,95 |
0,01 |
-238,06 |
-0,01 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
1.246,97 |
0,02 |
28.025,20 |
0,81 |
40.762,25 |
2,00 |
|
C) RESULT BEFORE TAXES (A + B) |
1.397.616,81 |
24,21 |
1.464.318,40 |
42,54 |
299.374,98 |
14,66 |
|
20. Taxes on profits |
-439.479,80 |
-7,61 |
-439.295,52 |
-12,76 |
-89.812,49 |
-4,40 |
|
D) EXERCISE RESULT (C + 20) |
958.137,01 |
16,60 |
1.025.022,88 |
29,78 |
209.562,49 |
10,26 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/2) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
958.137,01 |
1.025.022,88 |
209.562,49 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and subventions |
|
|
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and subventions |
|
|
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
|
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
958.137,01 |
1.025.022,88 |
209.562,49 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /2) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
60.101,21 |
2.040.427,91 |
605.913,08 |
2.706.442,20 |
|
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) |
60.101,21 |
2.040.427,91 |
605.913,08 |
2.706.442,20 |
|
I. Total recognized income and expenses |
|
|
209.562,49 |
209.562,49 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
605.913,08 |
-605.913,08 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
60.101,21 |
2.646.340,99 |
209.562,49 |
2.916.004,69 |
|
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) |
60.101,21 |
2.646.340,99 |
209.562,49 |
2.916.004,69 |
|
I. Total recognized income and expenses |
|
|
1.025.022,88 |
1.025.022,88 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
209.562,49 |
-209.562,49 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
60.101,21 |
2.855.903,48 |
1.025.022,88 |
3.941.027,57 |
|
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) |
60.101,21 |
2.855.903,48 |
1.025.022,88 |
3.941.027,57 |
|
I. Total recognized income and expenses |
|
|
958.137,01 |
958.137,01 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
1.025.022,88 |
-1.025.022,88 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
60.101,21 |
3.880.926,36 |
958.137,01 |
4.899.164,58 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
4.840.194,86 |
24,78 |
3.879.055,45 |
35,43 |
2.864.333,56 |
|
Working capital ratio |
0,71 |
1,43 |
0,70 |
18,64 |
0,59 |
|
Soundness Ratio |
47,10 |
27,88 |
36,82 |
-34,73 |
56,43 |
|
Average Collection Period (days) |
243 |
8,19 |
224 |
-49,43 |
444 |
|
Average Payment Period (days) |
217 |
-32,89 |
324 |
-57,18 |
757 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
352,86 |
1,44 |
347,84 |
39,32 |
249,67 |
|
Quick Ratio (%) |
6,54 |
-85,85 |
46,23 |
-25,25 |
61,85 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
0,50 |
31,58 |
0,38 |
660,00 |
0,05 |
|
External Financing Average Cost |
0,09 |
-30,77 |
0,12 |
-80,00 |
0,65 |
|
Debt Service Coverage |
0,04 |
100,00 |
0,02 |
100,00 |
0,01 |
|
Interest Coverage |
462,87 |
-15,88 |
550,22 |
224,96 |
169,32 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
16,65 |
-44,18 |
29,83 |
190,74 |
10,26 |
|
Auto financing generated by Assets (%) |
14,01 |
-24,23 |
18,49 |
326,04 |
4,34 |
|
Breakdown Point |
1,32 |
-23,26 |
1,72 |
49,57 |
1,14 |
|
Average Sales Volume per Employee |
131.695,77 |
67,79 |
78.487,59 |
72,94 |
45.385,56 |
|
Average Cost per Employee |
37.483,65 |
-5,01 |
39.459,57 |
33,48 |
29.561,84 |
|
Assets Turnover |
0,84 |
35,48 |
0,62 |
47,62 |
0,42 |
|
Inventory Turnover (days) |
351 |
-42,99 |
616 |
11,24 |
554 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
20,36 |
-21,30 |
25,87 |
382,65 |
5,36 |
|
Operating Profitability (%) |
20,40 |
-21,33 |
25,93 |
383,77 |
5,36 |
|
Return on Equity (ROE) (%) |
28,53 |
-23,22 |
37,16 |
261,83 |
10,27 |
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 |
1,52 |
34,88 |
-33,36 |
|
A) CURRENT ASSETS |
98,48 |
65,12 |
33,36 |
|
LIABILITIES |
|||
|
A) NET WORTH |
71,43 |
48,94 |
22,49 |
|
B) NON CURRENT LIABILITIES |
0,66 |
12,91 |
-12,25 |
|
C) CURRENT LIABILITIES |
27,91 |
38,15 |
-10,24 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
97,99 |
2,01 |
|
Other operating income |
|
2,01 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-48,57 |
-51,64 |
3,07 |
|
Variation in stocks of finished goods and work in progress |
5,96 |
0,75 |
5,21 |
|
GROSS MARGIN |
57,39 |
49,11 |
8,28 |
|
Other operating costs |
-5,31 |
-15,89 |
10,58 |
|
Labour cost |
-28,46 |
-25,62 |
-2,84 |
|
GROSS OPERATING RESULT |
23,61 |
7,61 |
16,00 |
|
Amortization of fixed assets |
-0,05 |
-3,90 |
3,85 |
|
Deterioration and result for fixed assets disposal |
|
0,09 |
|
|
Other expenses / income |
|
0,60 |
|
|
NET OPERATING RESULT |
24,19 |
4,40 |
19,79 |
|
Financial result |
0,02 |
-0,99 |
1,01 |
|
RESULT BEFORE TAX |
24,21 |
3,41 |
20,80 |
|
Taxes on profits |
-7,61 |
-0,63 |
-6,98 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
16,60 |
2,79 |
13,81 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
16,60 |
2,79 |
13,81 |
|
Amortization of fixed assets |
-0,05 |
-3,90 |
3,85 |
|
Deterioration and provisions variation |
|
0,00 |
|
|
|
16,65 |
6,69 |
9,96 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
4.840.194,86 |
511.144,12 |
1.010.567,48 |
1.880.328,16 |
|
Working capital ratio |
0,71 |
0,10 |
0,28 |
0,45 |
|
Soundness Ratio |
47,10 |
0,88 |
1,63 |
4,22 |
|
Average Collection Period (days) |
243 |
98 |
130 |
176 |
|
Average Payment Period (days) |
217 |
111 |
146 |
200 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
352,86 |
122,88 |
167,71 |
250,99 |
|
Quick Ratio (%) |
6,54 |
5,69 |
25,19 |
88,82 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
0,50 |
5,99 |
19,83 |
35,06 |
|
External Financing Average Cost |
0,09 |
0,02 |
0,05 |
0,07 |
|
Debt Service Coverage |
0,04 |
0,53 |
3,12 |
8,34 |
|
Interest Coverage |
462,87 |
1,32 |
2,84 |
9,51 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
16,65 |
3,03 |
5,80 |
11,33 |
|
Auto financing generated by Assets (%) |
14,01 |
2,50 |
4,94 |
8,59 |
|
Breakdown Point |
1,32 |
1,02 |
1,04 |
1,07 |
|
Average Sales Volume per Employee |
131.695,77 |
116.618,38 |
145.816,75 |
197.972,47 |
|
Average Cost per Employee |
37.483,65 |
31.234,04 |
37.724,86 |
45.243,79 |
|
Assets Turnover |
0,84 |
0,72 |
0,96 |
1,13 |
|
Inventory Turnover (days) |
351 |
45 |
106 |
176 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
20,36 |
1,43 |
3,15 |
5,95 |
|
Operating Profitability (%) |
20,40 |
3,42 |
6,72 |
10,92 |
|
Return on Equity (ROE) (%) |
28,53 |
1,38 |
4,77 |
13,44 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.