MIRA INFORM REPORT
|
Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRIMARK TIENDAS SL |
|
|
|
|
Registered Office : |
Carretera Ajalvir (C.Com. Pq. Corredor), S/N - Loc M 28 4 . 28850 Torrejon De Ardoz Madrid |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.08.2011 |
|
|
|
|
Date of Incorporation : |
20.01.2004 |
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|
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Legal Form : |
Sole-partnered Limited Liability Company |
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|
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Line of Business : |
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|
|
|
No. of Employees : |
3.500 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
spain's mixed capitalist economy is the 13th largest
in the world, and its per capita income roughly matches that of Germany and
France. However, after almost 15 years of above average GDP growth, the Spanish
economy began to slow in late 2007 and entered into a recession in the second
quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth trend,
and by another 0.1% in 2010, before turning positive in 2011, making Spain the
last major economy to emerge from the global recession. The reversal in
Spain''s economic growth reflected a significant decline in construction amid
an oversupply of housing and falling consumer spending, while exports actually
have begun to grow. Government efforts to boost the economy through stimulus
spending, extended unemployment benefits, and loan guarantees did not prevent a
sharp rise in the unemployment rate, which rose from a low of about 8% in 2007
to over 20% in 2011. The government budget deficit worsened from 3.8% of GDP in
2008 to 9.2% of GDP in 2010, more than three times the euro-zone limit. Madrid
cut the deficit to 8.5% of GDP in 2011, a larger deficit than the 6% target
negotiated between Spain and the EU. Spain''s large budget deficit and poor
economic growth prospects have made it vulnerable to financial contagion from
other highly-indebted euro zone members despite the government''s efforts to
cut spending, privatize industries, and boost competitiveness through labor
market reforms. Spanish banks'' high exposure to the collapsed domestic
construction and real estate market also poses a continued risk for the sector.
The government oversaw a restructuring of the savings bank sector in 2010, and
provided some $15 billion in capital to various institutions. Investors remain
concerned that Madrid may need to bail out more troubled banks. The Bank of
Spain, however, is seeking to boost confidence in the financial sector by
pressuring banks to come clean about their losses and consolidate into stronger
groups.
Source
: CIA
Company name
PRIMARK TIENDAS SL
CIF/NIF: B83875427
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: PRIMARK TIENDAS SL
Other names: YES
Current Address: CARRETERA AJALVIR (C.COM. PQ.
CORREDOR), S/N - LOC M 28 4 .
28850 TORREJON DE ARDOZ MADRID
Branches: 15
Telephone number: 916600186
URL: www.primark.es
Trade Risk
Credit appraisal: Caution suggested
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Latest sales known (2012): 423.938.781,60
(Estimated)
Balance sheet latest sales (2011): 353.282.318,00 (Mercantile Register)
Result: 5.317.970
Total Assets: 175.623.804
Share capital: 3.006,00
Employees: 3.500
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 20/01/2004
Activity: Retail sale of textiles &
footwear , etc.
NACE 2009 CODE: 4751
International Operations: Imports
Corporate Structure
President:
MARTINEZ DE
LARRAMENDI ALONSO, JOSE LUIS
Parent Company:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 30/01/2013 Appointments
Latest press article: 27/01/2013 EL CORREO DE
ANDALUCIA (BRANCHES)
Bank Entities: There are not
Financial situation
|
Exercise:2011 |
Evolution |
|||
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Immediate
liquidity |
|
Very degraded |
|
|
|
Indebtedness |
|
Very important |
|
|
|
Profitability |
|
Sufficient |
|
|
|
Soundness |
|
Degraded |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
With exceptions |
Rating Explanation
Financial situation
The companys financial situation
is unfavourable.
The companys financial situation evolution has
been stable.
The sales evolution has been positive
not the results one, which has been negative.
The auditors opinion about the latest accounts has
been favourable.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is big 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 |
|
10/01/2013 |
Reduction |
5 |
New financial statements have been uploaded. |
|
30/11/2012 |
Increase |
7 |
There has been a change in the formula version. |
|
02/02/2012 |
Increase |
5 |
New information has been loaded on our systems. |
|
05/01/2012 |
Reduction |
4 |
New information has been loaded on our systems. |
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
31/01/2013 08:01:23
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
|
|
31/08/2011 (12) BALANCE SHEET |
% ASSETS |
12/09/2010 (12) BALANCE SHEET |
% ASSETS |
12/09/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
96.186.144,00 |
54,77 |
76.590.382,00 |
71,99 |
59.768.000,00 |
77,63 |
|
B) CURRENT ASSETS |
79.437.660,00 |
45,23 |
29.796.616,00 |
28,01 |
17.221.149,00 |
22,37 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
14.310.895,00 |
8,15 |
8.870.925,00 |
8,34 |
2.537.788,00 |
3,30 |
|
B) NON CURRENT LIABILITIES |
39.749.572,00 |
22,63 |
14.152.774,00 |
13,30 |
38.823.344,00 |
50,43 |
|
C) CURRENT LIABILITIES |
121.563.337,00 |
69,22 |
83.363.299,00 |
78,36 |
35.628.017,00 |
46,28 |
Profit and loss account analysis
Figures given in
|
|
2012 ESTIMATED |
31/08/2011 (12) BALANCE SHEET |
% NET TURNOVER |
12/09/2010 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
423.938.781,60 |
353.282.318,00 |
|
241.706.187,00 |
|
|
GROSS MARGIN |
|
120.428.436,00 |
34,09 |
102.807.069,00 |
42,53 |
|
EBITDA |
|
19.668.040,00 |
5,57 |
16.917.405,00 |
7,00 |
|
EBIT |
|
8.211.888,00 |
2,32 |
9.584.461,00 |
3,97 |
|
NET RESULT |
|
5.317.970,00 |
1,51 |
6.333.137,00 |
2,62 |
|
EFFECTIVE TAX RATE (%) |
|
30,76 |
0,00 |
29,60 |
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 |
54,77 |
59,84 |
-5,07 |
|
A) CURRENT ASSETS |
45,23 |
40,16 |
5,07 |
|
LIABILITIES |
|||
|
A) NET WORTH |
8,15 |
24,44 |
-16,29 |
|
B) NON CURRENT LIABILITIES |
22,63 |
38,91 |
-16,28 |
|
C) CURRENT LIABILITIES |
69,22 |
36,65 |
32,57 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
100,00 |
91,97 |
8,03 |
|
GROSS MARGIN |
34,09 |
47,43 |
-13,34 |
|
EBITDA |
5,57 |
12,91 |
-7,34 |
|
EBIT |
2,32 |
9,11 |
-6,79 |
|
NET RESULT |
1,51 |
9,40 |
-7,89 |
Sector Composition
Compared sector (NACE 2009): 4751
Number of companies: 12
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 |
||
|
Profit and Loss Account Balance |
5.317.970,00 |
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 |
5.317.970,00 |
|
Total of Amounts to be distributed |
5.317.970,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
5.317.970,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors opinion: FAVOURABLE
Auditor: KPMG AUDITORES S.L.
Auditing fees: 37.000,00
Facts subsequent to the closing
Source: Annual financial report 2011
On March 23, 2012 was approved by the tax valuation of the
proposed transactions by Primark Stores Ltd.,
in its dealings with Primark.
ADDRESSES
Current Legal Seat Address:
CARRETERA AJALVIR (C.COM. PQ. CORREDOR), S/N - LOC M 28 4 .
28850 TORREJON DE ARDOZ MADRID
Previous Seat Address:
CALLE FERNANDO EL SANTO 15
28010 MADRID
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE JACARILLA (C.COM. LALJUB), 7 |
03205 |
ELCHE/ELX |
Alicante |
|
CALLE JOSE GARCIA SELLES (C.COM. GRAN VIA), 2 |
03015 |
ALICANTE/ALACANT |
Alicante |
|
AVENIDA DIAGONAL, 3 |
08019 |
BARCELONA |
Barcelona |
|
LUGAR CENTRO COMERCIAL AREA SUR, 39 |
11407 |
JEREZ DE LA FRONTERA |
Cαdiz |
|
CALLE NEWTON, 15 |
15008 |
A CORUΡA |
La Coruρa |
|
CALLE ARACNE (S/N C CIAL Y OCIO PLENILUNI), S/N |
28022 |
MADRID |
Madrid |
|
CALLE CALDERILLA, 1 |
28054 |
MADRID |
Madrid |
|
LUGAR PARQUE CORREDOR HENARES, 28 |
28850 |
TORREJON DE ARDOZ |
Madrid |
|
CALLE PUERTO DE NAVACERRADA (S/N MADRID XANADU AUTOVIA A-5 KM
23,5), S/N |
28939 |
ARROYOMOLINOS |
Madrid |
|
AVENIDA AURORA, 25 |
29002 |
MALAGA |
Mαlaga |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE CALDERILLA, 1 |
28054 |
MADRID |
Madrid |
|
CALLE POZO PANDO, 12 |
48920 |
PORTUGALETE |
Bizkaia |
|
CALLE PANDO |
48920 |
PORTUGALETE |
Bizkaia |
|
CALLE ARTURO ALVAREZ-BUYLLA |
33005 |
OVIEDO |
Asturias |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 4 members (latest change:
07/10/2011) Other Positions : 62 (latest change: 22/01/2013) Auditor : 1 (latest change: 24/05/2011) Operative Board Members : 3 (latest change: 21/01/2013) Non-current positions : 21 (latest change: 22/01/2013) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
MARTINEZ DE LARRAMENDI ALONSO, JOSE LUIS |
07/10/2011 |
|
MEMBER OF THE BOARD |
SANTOS CARRASCOSA, FELIX |
23/08/2010 |
|
SECRETARY |
DIAZ MIELENHAUSEN, TOMAS PABLO |
27/03/2009 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
KPMG AUDITORES SL |
24/05/2011 |
Board members remuneration
Source: Annual
financial report 2009
Board
members remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
General Manager |
MARTINEZ DE LARRAMENDI, JOSE LUIS |
|
Deputy General Manager |
PUIG, PILAR |
|
Financial Manager |
MORALEDA MENENDEZ, JOSE LUIS |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ABF OVERSEAS LTD |
UNITED KINGDOM |
100,00 |
OWN SOURCES |
05/02/2013 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ABF COLON PARK SL |
B84038256 |
100,00 |
B.O.R.M.E. |
02/02/2012 |
|
|
MEDITERRANEAN SEARCH SL |
B59510453 |
100,00 |
B.O.R.M.E. |
29/12/2004 |
POTENTIAL LINKS
Search Criterion: "Primark Stores Ltd."
URL: www.primark.es
Primark Spring 2013 eu. Work with Primark.
Jobs. Search Stores.
Enter Search Shop.
Our Products. Our products. Ethical Trading ...
URL: www.abc.es
Why Primark clothing
is so cheap - November
6, 2012 ABC.es ... The truth is that Primark not be defined as a clothing store to use, but as a
genuine fashion superstore.
However ...
URL: www.lasprovincias.es
Primark seeks staff for its new store in Bonaire.
The ... 11 Apr
2012 ...
Primark soon plans to open a
new store in the Mall Bonaire.
the chain has
already opened the selection process
BUSINESS INFORMATION
Incorporation date: 20/01/2004
Code: 1651000
Activity: Retail sale of textiles & footwear , etc.
NACE 2009 CODE: 4751
NACE 2009 Activity: Retail sale of textiles in specialised
stores
Business: MANUFACTURE,
IMPORT AND DISTRIBUTION OF ALL KINDS OF TEXTILES,
DRAPERY IN GENERAL,
NUTRITION, haberdashery, tailoring,
dressmaking, shirts, headgear, gloves, ETC.
Activity description: Retail
trade of
garments
Latest employees figure: 3.500 (2013)
% of fixed employees: 82,01%
% of temporary employees: 17,99%
% of men: 17,64%
% of women: 82,36%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
531 |
2.480 |
PURCHASES
Import Percentage: 100%
Imports from: IRLANDA
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
PRIMARK IRELAND |
YES |
El 100% de su cifra de negocios corresponde a la
actividad principal.
No bank branches registered
FORMER NAMES:
MENDIORE SL.
LEGAL STRUCTURE
Constitution Data
Register Date: 20/01/2004
Register town: Madrid
Announcement number: 94532
Register data:
Volume 19668, Folio 26, Section 8, Sheet 345932,
Inscription I/A 1 (2004-02-10)
Share capital: 3.006
Legal form: Sole-partnered Limited Liability Company
Share capital: 3.006,00
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: 1 (Last: 29/12/2004)
Acts on administrators: 53 (Last: 30/01/2013, first:
23/02/2004)
Acts on capital: 0
Acts on creation: 1 (Last: 23/02/2004)
Acts on filed accounts: 7 (Last: 30/06/2010, first:
10/11/2005)
Acts on identification: 3 (Last: 25/05/2009, first:
29/12/2004)
Acts on Information: 18 (Last: 15/01/2013, first:
23/02/2004)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
30/01/2013 |
46387 |
Madrid |
|
Appointments |
30/01/2013 |
46386 |
Madrid |
|
Resignations |
30/01/2013 |
46385 |
Madrid |
|
Appointments |
25/01/2013 |
39438 |
Madrid |
|
Errata |
15/01/2013 |
17952 |
Madrid |
|
Resignations |
21/06/2012 |
262748 |
Madrid |
|
Appointments |
27/03/2012 |
141567 |
Madrid |
|
Appointments |
27/03/2012 |
141566 |
Madrid |
|
Other concepts |
05/03/2012 |
106602 |
Madrid |
|
Sole-partnered company |
02/02/2012 |
52657 |
Madrid |
Press summary by type of information (last five years)
Legal notices: 1 (Last: 02/09/2011)
Structural Data: 67 (Last: 27/01/2013, first: 10/03/2008)
Informative data: 4 (Last: 02/08/2012, first: 28/08/2010)
Financial Information: 4 (Last: 21/04/2010, first: 15/01/2010)
Negative information: 0
Business lines: 2 (Last: 12/07/2009, first: 28/05/2009)
Historical press releases: 8 (Last: 08/11/2007, first:
17/05/2006)
Latest press article published
27/01/2013 EL CORREO DE ANDALUCIA - BRANCHES
PRIMARK clothing chain maintains its intention to establish itself in the capital Seville, but tracks and alternate
locations to Constitution Avenue
to the failed negotiations
to open its first store in the
province in the former headquarters of the Bank of Spain. PRIMARK
only has 3 stores
in Andalusia: Algeciras, Jerez and Malaga.
11/01/2013 LAS PROVINCIAS - BRANCHES
Primark, which was installed last
May in Valencia Bonaire shopping center, will soon start in the center of the city, on the street Ruzafa. The leaders of the Irish brand in Valencia
are a source of business
for the coming years. With the store in downtown Valencia, PRIMRAK reach 28 points
of sale in Spain.
02/01/2013 EXPANSIΣN (Page 5) BRANCHES
Spain has become the third largest market by number of outlets PRIMARK, behind the United Kingdom (161) and Ireland (38),
closing 2012 with 35 outlets.
Primark, which does
not break down the sales by country, opened 13 new
stores in the last year. These
openings have led to the creation of 2,000 new jobs. Your template adds
5,000 people in Spain at the end of 2012.
Spain remain on the
growth plans of the chain,
but does not quantify the number of openings. Paul Marchand, CEO of Primark, said that the CIA. has
big ambitions for the Spanish market.
12/12/2012 DIARIO DE AVISOS - BRANCHES
Irish fashion chain PRIMARK has
asked the Department of Commerce and Consumer Affairs of the Canary Islands
business license application for installation and opening in the Meridian Mall,
in downtown Santa Cruz.
CIA. has about 238
stores in Europe and employs
about 42,000 people, growing 16% in the first three
quarters of 2011/2012.
05/10/2012 EL PERIΣDICO DE
ARAGΣN (Page 5) BRANCHES
PRIMARK Irish chain opened
its new store 04/10/12
Puerto Venecia, the biggest signing so far
in Spain, with over 6,000 square feet on three floors. The company says it will keep open the establishment of Imperial Square.
Complementary Information
Other Complementary Information
The Company is part of the BRITHIS ASSOCIATED
FOODS PLC and
tax domicile in London, United Kingdom.
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this
report is extracted from the Mercantile Register file of the legal address of
the Company and dated 09/01/2013.
SITUATION BALANCE-SHEET
Assets
Figures given in
|
|
31/08/2011 (12) |
% ASSETS |
12/09/2010 (12) |
% ASSETS |
12/09/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
96.186.144,00 |
54,77 |
76.590.382,00 |
71,99 |
59.768.000,00 |
77,63 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
92.019.392,00 |
52,40 |
72.843.027,00 |
68,47 |
58.353.933,00 |
75,80 |
|
2. Technical fittings and other tangible
assets |
84.317.132,00 |
48,01 |
66.068.334,00 |
62,10 |
58.211.362,00 |
75,61 |
|
3. Fixed assets in progress and advances |
7.702.260,00 |
4,39 |
6.774.693,00 |
6,37 |
142.571,00 |
0,19 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
758.285,00 |
0,43 |
|
|
|
|
|
2. Credits to companies |
758.285,00 |
0,43 |
|
|
|
|
|
V. Long Term Financial Investments |
3.408.467,00 |
1,94 |
2.707.046,00 |
2,54 |
1.022.808,00 |
1,33 |
|
5. Other financial assets |
|
|
2.707.046,00 |
2,54 |
1.022.808,00 |
1,33 |
|
6. Other investments |
3.408.467,00 |
1,94 |
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
1.040.309,00 |
0,98 |
391.259,00 |
0,51 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
79.437.660,00 |
45,23 |
29.796.616,00 |
28,01 |
17.221.149,00 |
22,37 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
73.802.210,00 |
42,02 |
27.190.406,00 |
25,56 |
9.763.133,00 |
12,68 |
|
1. Goods available for sale |
73.802.210,00 |
42,02 |
27.190.406,00 |
25,56 |
9.763.133,00 |
12,68 |
|
III. Trade Debtors and other receivable
accounts |
3.132.704,00 |
1,78 |
2.155.005,00 |
2,03 |
64.860,00 |
0,08 |
|
2. Clients group and associated companies |
|
|
|
|
64.860,00 |
0,08 |
|
3. Other debts |
409.818,00 |
0,23 |
667.933,00 |
0,63 |
|
|
|
4. Staff |
66.278,00 |
0,04 |
|
|
|
|
|
6. Other credits with the Public
Administrations |
2.656.608,00 |
1,51 |
1.487.072,00 |
1,40 |
|
|
|
IV. Short term investments in associated
and affiliated companies |
1.589.539,00 |
0,91 |
|
|
|
|
|
4. By-products |
497.000,00 |
0,28 |
|
|
|
|
|
6. Other investments |
1.092.539,00 |
0,62 |
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
294.147,00 |
0,17 |
451.205,00 |
0,42 |
1.141.445,00 |
1,48 |
|
VII. Cash and equivalents |
619.060,00 |
0,35 |
|
|
6.251.711,00 |
8,12 |
|
1. Treasury |
|
|
|
|
6.251.711,00 |
8,12 |
|
2. Other cash equivalents |
619.060,00 |
0,35 |
|
|
|
|
|
TOTAL ASSETS (A + B) |
175.623.804,00 |
100,00 |
106.386.998,00 |
100,00 |
76.989.149,00 |
100,00 |
Net Worth and Liabilities
Figures given in
|
|
31/08/2011 (12) |
% ASSETS |
12/09/2010 (12) |
% ASSETS |
12/09/2009 (12) |
% ASSETS |
|
A) NET WORTH |
14.310.895,00 |
8,15 |
8.870.925,00 |
8,34 |
2.537.788,00 |
3,30 |
|
A-1) Equity |
14.188.895,00 |
8,08 |
8.870.925,00 |
8,34 |
2.537.788,00 |
3,30 |
|
I. Capital |
3.006,00 |
0,00 |
3.006,00 |
0,00 |
3.006,00 |
0,00 |
|
1. Authorized capital |
3.006,00 |
0,00 |
3.006,00 |
0,00 |
3.006,00 |
0,00 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
8.867.919,00 |
5,05 |
2.534.782,00 |
2,38 |
640.328,00 |
0,83 |
|
1. Legal and statutory |
601,00 |
0,00 |
601,00 |
0,00 |
601,00 |
0,00 |
|
2. Other funds |
8.867.318,00 |
5,05 |
2.534.181,00 |
2,38 |
639.727,00 |
0,83 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
-1.304.649,00 |
-1,69 |
|
2. (Prior years losses) |
|
|
|
|
-1.304.649,00 |
-1,69 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
5.317.970,00 |
3,03 |
6.333.137,00 |
5,95 |
3.199.103,00 |
4,16 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
122.000,00 |
0,07 |
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related
liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
122.000,00 |
0,07 |
|
|
|
|
|
A-3) Received legacies, grants and
subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
39.749.572,00 |
22,63 |
14.152.774,00 |
13,30 |
38.823.344,00 |
50,43 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
|
|
III. Long term debts with associated and
affiliated companies |
28.916.987,00 |
16,47 |
3.000.000,00 |
2,82 |
31.916.987,00 |
41,46 |
|
IV. Liabilities by deferred taxes |
3.020.143,00 |
1,72 |
3.441.766,00 |
3,24 |
|
|
|
V. Long term periodifications |
7.812.442,00 |
4,45 |
7.711.008,00 |
7,25 |
6.906.357,00 |
8,97 |
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
121.563.337,00 |
69,22 |
83.363.299,00 |
78,36 |
35.628.017,00 |
46,28 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
375.000,00 |
0,21 |
420.726,00 |
0,40 |
|
|
|
4. By-products |
375.000,00 |
0,21 |
|
|
|
|
|
5. Other financial liabilities |
|
|
420.726,00 |
0,40 |
|
|
|
IV. Short term debts with associated and
affiliated companies |
64.884.022,00 |
36,94 |
29.900.816,00 |
28,11 |
|
|
|
V. Trade creditors and other payable
accounts |
54.543.680,00 |
31,06 |
51.559.131,00 |
48,46 |
34.358.895,00 |
44,63 |
|
1. Suppliers |
26.081.499,00 |
14,85 |
|
|
|
|
|
b) Short term suppliers |
26.081.499,00 |
14,85 |
|
|
|
|
|
2. Suppliers group and associated
companies |
|
|
33.472.166,00 |
31,46 |
19.619.199,00 |
25,48 |
|
3. Different creditors |
23.792.165,00 |
13,55 |
12.441.265,00 |
11,69 |
7.178.518,00 |
9,32 |
|
4. Staff (pending remunerations) |
2.914.659,00 |
1,66 |
3.877.589,00 |
3,64 |
2.457.958,00 |
3,19 |
|
6. Other debts with Public Administrations |
1.755.357,00 |
1,00 |
1.768.111,00 |
1,66 |
5.103.220,00 |
6,63 |
|
VI. Short term periodifications |
1.760.635,00 |
1,00 |
1.482.626,00 |
1,39 |
1.269.122,00 |
1,65 |
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
175.623.804,00 |
100,00 |
106.386.998,00 |
100,00 |
76.989.149,00 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in
|
|
31/08/2011 (12) |
%OPERATING INCOME |
12/09/2010 (12) |
%OPERATING INCOME |
12/09/2009 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
353.282.318,00 |
100,00 |
241.706.187,00 |
99,90 |
161.970.599,00 |
100,00 |
|
A) Sales |
353.282.318,00 |
100,00 |
241.706.187,00 |
99,90 |
161.970.599,00 |
100,00 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
17.427.273,00 |
7,20 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-232.867.487,00 |
-65,91 |
-156.558.542,00 |
-64,71 |
-96.007.449,00 |
-59,27 |
|
a) Material consumed |
-232.867.487,00 |
-65,91 |
-156.558.542,00 |
-64,71 |
-96.007.449,00 |
-59,27 |
|
5. Other operating income |
13.605,00 |
0,00 |
232.151,00 |
0,10 |
|
|
|
a) Other incomes |
13.605,00 |
0,00 |
232.151,00 |
0,10 |
|
|
|
6. Labour cost |
-44.212.626,00 |
-12,51 |
-33.512.322,00 |
-13,85 |
-23.931.663,00 |
-14,78 |
|
a) Wages and similar expenses |
-34.184.761,00 |
-9,68 |
-26.431.940,00 |
-10,93 |
-18.510.861,00 |
-11,43 |
|
b) Social costs |
-10.027.865,00 |
-2,84 |
-7.080.382,00 |
-2,93 |
-5.420.802,00 |
-3,35 |
|
7. Other operating costs |
-56.550.640,00 |
-16,01 |
-52.378.313,00 |
-21,65 |
-29.266.022,00 |
-18,07 |
|
a) External services |
-55.961.733,00 |
-15,84 |
-52.264.259,00 |
-21,60 |
-25.871.342,00 |
-15,97 |
|
b) Taxes |
-425.383,00 |
-0,12 |
|
|
-130.118,00 |
-0,08 |
|
d) Other day to day expenses |
-163.524,00 |
-0,05 |
-114.054,00 |
-0,05 |
-3.264.562,00 |
-2,02 |
|
8. Amortization of fixed assets |
-11.456.152,00 |
-3,24 |
-7.332.944,00 |
-3,03 |
-5.441.674,00 |
-3,36 |
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed
assets disposal |
2.870,00 |
0,00 |
971,00 |
0,00 |
|
|
|
b) Results for disposals and others |
2.870,00 |
0,00 |
971,00 |
0,00 |
|
|
|
12. Negative difference of business
combinations |
|
|
|
|
|
|
|
13. Other results |
|
|
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 +
6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
8.211.888,00 |
2,32 |
9.584.461,00 |
3,96 |
7.323.791,00 |
4,52 |
|
14. Financial income |
9.376,00 |
0,00 |
9.829,00 |
0,00 |
344,00 |
0,00 |
|
b) From negotiable values and other
financial instruments |
9.376,00 |
0,00 |
9.829,00 |
0,00 |
344,00 |
0,00 |
|
b 1) From group and
associated companies |
9.376,00 |
0,00 |
|
|
|
|
|
b 2) From third parties |
|
|
9.829,00 |
0,00 |
344,00 |
0,00 |
|
15. Financial expenses |
-541.251,00 |
-0,15 |
-598.437,00 |
-0,25 |
-2.984.032,00 |
-1,84 |
|
a) For debts with associated and
affiliated companies |
-541.251,00 |
-0,15 |
-598.437,00 |
-0,25 |
-1.641.274,00 |
-1,01 |
|
b) For debts with third parties |
|
|
|
|
-1.342.758,00 |
-0,83 |
|
16. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
|
|
|
|
|
18. Deterioration and result for disposal
of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 +
18 + 19) |
-531.875,00 |
-0,15 |
-588.608,00 |
-0,24 |
-2.983.688,00 |
-1,84 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
7.680.013,00 |
2,17 |
8.995.853,00 |
3,72 |
4.340.103,00 |
2,68 |
|
20. Taxes on profits |
-2.362.043,00 |
-0,67 |
-2.662.716,00 |
-1,10 |
-1.141.000,00 |
-0,70 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED
OPERATIONS (A.3 + 20) |
5.317.970,00 |
1,51 |
6.333.137,00 |
2,62 |
3.199.103,00 |
1,98 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming
from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
5.317.970,00 |
1,51 |
6.333.137,00 |
2,62 |
3.199.103,00 |
1,98 |
|
|
|
|
|
|
|
|
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
Figures given in
|
NET WORTH CHANGES (1/3) |
31/08/2011 (12) |
12/09/2010 (12) |
12/09/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
5.317.970,00 |
6.333.137,00 |
3.199.103,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
122.000,00 |
|
|
|
2. Other income / expenses |
122.000,00 |
|
|
|
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) |
122.000,00 |
|
|
|
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) |
5.439.970,00 |
6.333.137,00 |
3.199.103,00 |
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.006,00 |
895.267,00 |
|
-1.304.649,00 |
|
I. Adjustments by change of criteria in the exercise (2008) |
|
-254.939,00 |
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
3.006,00 |
640.328,00 |
|
-1.304.649,00 |
|
I. Total recognized income and expenses |
|
|
|
3.199.103,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
-1.304.649,00 |
1.304.649,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.006,00 |
640.328,00 |
-1.304.649,00 |
3.199.103,00 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
3.006,00 |
640.328,00 |
-1.304.649,00 |
3.199.103,00 |
|
I. Total recognized income and expenses |
|
|
|
6.333.137,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
1.894.454,00 |
1.304.649,00 |
-3.199.103,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
3.006,00 |
2.534.782,00 |
|
6.333.137,00 |
|
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) |
3.006,00 |
2.534.782,00 |
|
6.333.137,00 |
|
I. Total recognized income and expenses |
|
|
|
5.317.970,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
6.333.137,00 |
|
-6.333.137,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
3.006,00 |
8.867.919,00 |
|
5.317.970,00 |
|
NET WORTH CHANGES ( 3 /3) |
VALUE CHANGES ADJUSTMENT |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
|
-406.376,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2008) |
|
-254.939,00 |
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
|
-661.315,00 |
|
|
|
I. Total recognized income and expenses |
|
3.199.103,00 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
|
2.537.788,00 |
|
|
|
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) |
|
2.537.788,00 |
|
|
|
I. Total recognized income and expenses |
|
6.333.137,00 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
|
8.870.925,00 |
|
|
|
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) |
|
8.870.925,00 |
|
|
|
I. Total recognized income and expenses |
122.000,00 |
5.439.970,00 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
122.000,00 |
14.310.895,00 |
|
|
CASH FLOW STATUS
Figures given in
|
|
31/08/2011 (12) |
12/09/2010 (12) |
12/09/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
7.680.013,00 |
8.995.853,00 |
4.340.103,00 |
|
2. Results adjustments |
11.988.027,00 |
7.921.552,00 |
5.840.674,00 |
|
a) Amortization of fixed assets (+) |
11.456.152,00 |
7.332.944,00 |
5.441.674,00 |
|
g) Financial income (-) |
-9.376,00 |
-9.829,00 |
|
|
f) Financial expenses (+) |
541.251,00 |
598.437,00 |
|
|
j) Reasonable value variation on financial instruments (+/-) |
|
|
681.000,00 |
|
k) Other income and expenses (-/+) |
|
|
-282.000,00 |
|
3. Changes in current capital |
15.739.201,00 |
375.042,00 |
12.690.766,00 |
|
a) Stocks (+/-) |
-46.611.804,00 |
-17.427.273,00 |
-3.645.295,00 |
|
b) Debtors and other receivable accounts (+/-) |
-977.699,00 |
-2.090.145,00 |
3.085.344,00 |
|
c) Other current assets (+/-) |
-935.481,00 |
690.240,00 |
-962.445,00 |
|
d) Creditors and other payable accounts (+/-) |
2.984.549,00 |
18.184.065,00 |
-1.550.812,00 |
|
e) Other current liabilities (+/-) |
61.178.202,00 |
213.504,00 |
149.122,00 |
|
f) Other non-current assets and liabilities (+/-) |
101.434,00 |
804.651,00 |
15.614.852,00 |
|
4. Other cash flow coming from operating activities |
-3.033.517,00 |
-458.607,00 |
-1.141.000,00 |
|
d) Collections (payments) for profit tax (+/-) |
-2.501.642,00 |
|
-1.141.000,00 |
|
e) Other payments (collections) (-/+) |
-531.875,00 |
-458.607,00 |
|
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
32.373.724,00 |
16.833.840,00 |
21.730.543,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-31.333.938,00 |
-23.506.277,00 |
-16.412.520,00 |
|
c) Tangible assets |
-30.632.517,00 |
-21.822.039,00 |
-16.060.528,00 |
|
e) Other financial assets |
-701.421,00 |
-1.684.238,00 |
-351.992,00 |
|
7. Disinvestment collections (+) |
|
|
|
|
8. Cash Flow in investment activities (6 + 7) |
-31.333.938,00 |
-23.506.277,00 |
-16.412.520,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
|
|
10. Financial liabilities instruments collections and payments |
-420.726,00 |
420.726,00 |
-4.210.897,00 |
|
a) Issue |
|
420.726,00 |
3.872.116,00 |
|
5. Other debts (+) |
|
420.726,00 |
3.872.116,00 |
|
b) Return and amortization of |
-420.726,00 |
|
-8.083.013,00 |
|
3. Debts with group and associated companies (-) |
|
|
-8.083.013,00 |
|
5. Other debts (-) |
-420.726,00 |
|
|
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-420.726,00 |
420.726,00 |
-4.210.897,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
619.060,00 |
-6.251.711,00 |
1.107.126,00 |
|
Cash or equivalents at the beginning of the exercise |
|
6.251.711,00 |
5.144.585,00 |
|
Cash or equivalents at the end of the exercise |
619.060,00 |
|
6.251.711,00 |
RATIOS
|
|
31/08/2011 (12) |
CHANGE % |
12/09/2010 (12) |
CHANGE % |
12/09/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
-42.125.677,00 |
21,36 |
-53.566.683,00 |
-191,01 |
-18.406.868,00 |
|
Working capital ratio |
-0,24 |
52,00 |
-0,50 |
-108,33 |
-0,24 |
|
Soundness Ratio |
0,15 |
25,00 |
0,12 |
200,00 |
0,04 |
|
Average Collection Period (days) |
3 |
0,00 |
3 |
|
0 |
|
Average Payment Period (days) |
149 |
5,90 |
140 |
42,34 |
99 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
65,35 |
82,85 |
35,74 |
-26,07 |
48,34 |
|
Quick Ratio (%) |
0,51 |
|
|
-100,00 |
17,55 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
53,62 |
71,20 |
31,32 |
-24,46 |
41,46 |
|
External Financing Average Cost |
0,01 |
-50,00 |
0,02 |
-77,78 |
0,09 |
|
Debt Service Coverage |
2,91 |
46,97 |
1,98 |
34,69 |
1,47 |
|
Interest Coverage |
15,17 |
-5,31 |
16,02 |
553,88 |
2,45 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
9,16 |
31,42 |
6,96 |
-48,06 |
13,42 |
|
Auto financing generated by Assets (%) |
18,43 |
16,50 |
15,82 |
-43,96 |
28,22 |
|
Breakdown Point |
1,02 |
-1,92 |
1,04 |
-0,95 |
1,05 |
|
Average Sales Volume per Employee |
115.982,38 |
35,13 |
85.833,16 |
-6,41 |
91.716,08 |
|
Average Cost per Employee |
14.514,98 |
21,97 |
11.900,68 |
-12,18 |
13.551,34 |
|
Assets Turnover |
2,01 |
-11,45 |
2,27 |
8,10 |
2,10 |
|
Inventory Turnover (days) |
114 |
82,18 |
63 |
70,59 |
37 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
4,68 |
-48,06 |
9,01 |
-5,26 |
9,51 |
|
Operating Profitability (%) |
11,20 |
-29,56 |
15,90 |
-4,10 |
16,58 |
|
Return on Equity (ROE) (%) |
54,13 |
-46,62 |
101,41 |
-40,70 |
171,02 |
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 |
54,77 |
59,84 |
-5,07 |
|
A) CURRENT ASSETS |
45,23 |
40,16 |
5,07 |
|
LIABILITIES |
|||
|
A) NET WORTH |
8,15 |
24,44 |
-16,29 |
|
B) NON CURRENT LIABILITIES |
22,63 |
38,91 |
-16,28 |
|
C) CURRENT LIABILITIES |
69,22 |
36,65 |
32,57 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
91,97 |
8,03 |
|
Other operating income |
0,00 |
8,03 |
-8,03 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-65,91 |
-54,45 |
-11,46 |
|
Variation in stocks of finished goods and work in progress |
|
1,87 |
|
|
GROSS MARGIN |
34,09 |
47,43 |
-13,34 |
|
Other operating costs |
-16,01 |
-20,61 |
4,60 |
|
Labour cost |
-12,51 |
-13,82 |
1,31 |
|
GROSS OPERATING RESULT |
5,57 |
12,99 |
-7,42 |
|
Amortization of fixed assets |
-3,24 |
-3,06 |
-0,18 |
|
Deterioration and result for fixed assets disposal |
0,00 |
-0,83 |
0,83 |
|
Other expenses / income |
|
0,00 |
|
|
NET OPERATING RESULT |
2,32 |
9,11 |
-6,79 |
|
Financial result |
-0,15 |
0,80 |
-0,95 |
|
RESULT BEFORE TAX |
2,17 |
9,91 |
-7,74 |
|
Taxes on profits |
-0,67 |
-0,30 |
-0,37 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,51 |
9,62 |
-8,11 |
|
Exercise result coming from discontinued operations net of taxes |
|
-0,21 |
|
|
NET RESULT |
1,51 |
9,40 |
-7,89 |
|
Amortization of fixed assets |
-3,24 |
-3,06 |
-0,18 |
|
Deterioration and provisions variation |
0,00 |
-0,74 |
0,74 |
|
|
4,75 |
13,20 |
-8,45 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
-42.125.677,00 |
-566.964,53 |
1.391.748,96 |
5.034.493,73 |
|
Working capital ratio |
-0,24 |
-0,04 |
0,24 |
0,36 |
|
Soundness Ratio |
0,15 |
0,48 |
1,16 |
2,23 |
|
Average Collection Period (days) |
3 |
11 |
16 |
87 |
|
Average Payment Period (days) |
149 |
52 |
101 |
134 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
65,35 |
97,55 |
144,43 |
321,45 |
|
Quick Ratio (%) |
0,51 |
3,98 |
26,74 |
136,27 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
53,62 |
0,74 |
19,11 |
57,86 |
|
External Financing Average Cost |
0,01 |
0,03 |
0,04 |
0,10 |
|
Debt Service Coverage |
2,91 |
-5,30 |
0,15 |
4,21 |
|
Interest Coverage |
15,17 |
-10,81 |
-1,17 |
12,83 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
9,16 |
-2,59 |
2,64 |
5,46 |
|
Auto financing generated by Assets (%) |
18,43 |
-1,95 |
1,39 |
11,85 |
|
Breakdown Point |
1,02 |
0,94 |
1,00 |
1,06 |
|
Average Sales Volume per Employee |
115.982,38 |
89.989,22 |
101.690,38 |
168.955,94 |
|
Average Cost per Employee |
14.514,98 |
19.889,72 |
25.866,65 |
30.046,09 |
|
Assets Turnover |
2,01 |
0,62 |
0,87 |
2,24 |
|
Inventory Turnover (days) |
114 |
65 |
156 |
220 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
4,68 |
-5,55 |
-0,60 |
8,92 |
|
Operating Profitability (%) |
11,20 |
-0,47 |
0,98 |
14,94 |
|
Return on Equity (ROE) (%) |
54,13 |
-12,59 |
-1,82 |
27,62 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
|
1 |
Rs.83.96 |
|
Euro |
1 |
Rs.71.88 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.