MIRA
INFORM REPORT
|
Report Date : |
08.02.2013 |
IDENTIFICATION DETAILS
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Name : |
SOCIEDAD ANONIMA ROBAMA ”RBM” |
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Formerly Known As : |
LA TITULAR ES FUNDADORA INICIAL DEL NEGOCIO |
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Registered Office : |
Carretera Nacional Ii (Km. 680,60 Pol Ind Mas Puigvert) 08389
Palafolls Barcelona |
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Country : |
Spain |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.03.1925 |
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Legal Form : |
Joint-stock Company |
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Line of Business : |
Mfg. of dyes & pigments |
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No. of Employees : |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Mo 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 |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
spain - ECONOMIC OVERVIEW
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
SOCIEDAD ANONIMA ROBAMA ”RBM”
CIF/NIF: A08044299
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: SOCIEDAD ANONIMA ROBAMA
Commercial name: ROBAMA COLOURS
Other names: YES
Current Address: CARRETERA NACIONAL II (KM.
680,60 POL IND MAS PUIGVERT)
Branches: 3
Telephone number: 937669000 Fax: 937650114
URL: www.robama.com
Corporate e-mail: robama@robama.com
Trade Risk
Incidents: NO
R.A.I.: NO
Financial Information
Latest sales known (2012): 15.000.000,00
€ (Estimated)
Balance sheet latest sales (2011): 15.961.566,99 € (Mercantile Register)
Result: 597.905,42 €
Total Assets: 12.371.126,4 €
Share capital: 276.465,57 €
Employees: 63
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 01/03/1925
Activity: Mfg. of dyes & pigments
NACE 2009 CODE: 2012
International Operations: Imports and
Exports
Corporate Structure
President:
Parent Company:
Participations: 1
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 15/11/2011 Appointments
Latest press article: 10/05/2007 EL PERIÓDICO DE
CATALUNYA (LEGAL ANNOUNCEMENTS)
Bank Entities: There are
Rating Explanation
Financial situation
The company’s financial situation is normal.
The company’s financial situation evolution has been stable.
The sales evolution and results has been positive.
The auditor’s opinion about the latest accounts has been favourable
with reservations.
Company Structure
The company’s capitalization degree determines that its structure
is normal.
The company’s size is medium 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 |
12 |
There has been a change in the formula version. |
|
30/07/2012 |
Reduction |
14 |
New information has been loaded on our systems. |
|
26/07/2012 |
Increase |
15 |
New financial statements have been uploaded. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY:
1 Company / Companies in Insolvency Proceedings.
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT
Summary
COMPANY NOT INCLUDED IN 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
04/02/2013
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 |
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A) NON CURRENT ASSETS |
4.252.410,22 |
34,37 |
4.125.300,68 |
34,86 |
4.542.094,07 |
42,24 |
|
B) CURRENT ASSETS |
8.118.716,18 |
65,63 |
7.709.771,68 |
65,14 |
6.210.466,72 |
57,76 |
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LIABILITIES |
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A) NET WORTH |
2.677.311,22 |
21,64 |
2.079.405,80 |
17,57 |
1.659.623,03 |
15,43 |
|
B) NON CURRENT LIABILITIES |
2.443.814,10 |
19,75 |
3.197.392,19 |
27,02 |
3.946.085,23 |
36,70 |
|
C) CURRENT LIABILITIES |
7.250.001,08 |
58,60 |
6.558.274,37 |
55,41 |
5.146.852,53 |
47,87 |
Profit and loss account analysis
Figures given in €
|
|
2012 ESTIMATED |
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
15.000.000,00 |
15.961.566,99 |
|
15.418.090,24 |
|
|
GROSS MARGIN |
|
7.318.837,13 |
45,85 |
7.043.484,74 |
45,68 |
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EBITDA |
|
1.262.636,14 |
7,91 |
1.657.547,45 |
10,75 |
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EBIT |
|
813.060,90 |
5,09 |
787.986,50 |
5,11 |
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NET RESULT |
|
597.905,42 |
3,75 |
419.782,77 |
2,72 |
|
EFFECTIVE TAX RATE (%) |
|
-2,16 |
0,00 |
-0,33 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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BALANCE SHEET ANALYSIS: % on the total assets |
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ASSETS |
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|||
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A) NON CURRENT ASSETS |
34,37 |
38,76 |
-4,39 |
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A) CURRENT ASSETS |
65,63 |
61,24 |
4,39 |
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LIABILITIES |
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|||
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A) NET WORTH |
21,64 |
40,86 |
-19,22 |
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|
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B) NON CURRENT LIABILITIES |
19,75 |
16,62 |
3,13 |
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C) CURRENT LIABILITIES |
58,60 |
42,52 |
16,08 |
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
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|
|
|
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SALES |
99,89 |
99,37 |
0,52 |
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GROSS MARGIN |
45,80 |
41,56 |
4,24 |
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|
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EBITDA |
7,90 |
7,39 |
0,51 |
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EBIT |
5,09 |
2,68 |
2,41 |
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NET RESULT |
3,74 |
0,44 |
3,30 |
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Sector Composition
Compared sector (NACE 2009): 2012
Number of companies: 11
Size (sales figure): 7,000,000.00 - 40,000,000.00 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 |
597.905,42 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
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Other reserves disposable at will |
0,00 |
Voluntary reserves |
0,00 |
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Total of Amounts to be distributed |
597.905,42 |
Dividends |
0,00 |
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|
|
Carry over and others |
0,00 |
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Compensation of previous exercises losses |
597.905,42 |
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Application total |
597.905,42 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: IBERAUDIT MRM AUDICONSULTING SLP
Auditing exceptions:
La nota 23 de la memoria adjunta no contiene toda la información
requerida por el
plan general de contabilidad sobre las retribuciones percibidas por los
miembros del
consejo de administración de la Sociedad y el personal de alta dirección
para los
ejercicios 2011 y 2010. Cabe destacar que nuestra opinión de auditoría
sobre las
cuentas anuales relativas al ejercicio anterior incluyó una salvedad por
esta cuestión.
Auditing fees: 20.600,00 €
Facts subsequent to the closing
Source: Annual financial report 2011
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
ADDRESSES
Current Legal Seat Address:
CARRETERA NACIONAL II (KM. 680,60 POL IND MAS PUIGVERT)
08389 PALAFOLLS BARCELONA
Previous Seat Address:
CALLE PLA DELS AVELLANERS (PG IND SANTIGA) 9
08210 BARBERA DEL VALLES BARCELONA
Characteristics of the current address
Type of establishment: store
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE PINTOR CABRERA, 22 |
03803 |
ALCOY/ALCOI |
Alicante |
|
POLIGONO IND PLA MAS PUIGUERT |
08389 |
PALAFOLLS |
Barcelona |
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POLIGONO INDUSTRIAL MAS ROQUET, S/N |
08389 |
PALAFOLLS |
Barcelona |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration board |
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Governing body : 5 members (latest change:
28/04/2011) Other Positions : 4 (latest change: 20/07/2011) Auditor : 1 (latest change: 04/11/2011) Operative Board Members : 4 (latest change: 04/05/2010) Non-current positions : 26 (latest change: 28/04/2011) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
BARENYS MARTINEZ, JORDI MARIA |
07/08/2008 |
|
MEMBER OF THE BOARD |
GIL CALVO, PILAR |
07/08/2008 |
|
MEMBER OF THE BOARD |
FEIGEL THOMAS, HARTMUT |
28/04/2011 |
|
SECRETARY |
MARIMON GARNIER, LUIS FRANCISCO |
27/10/1994 |
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Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
IBERAUDIT MRM AUDICONSULTING SLP |
04/11/2011 |
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
BARENYS MARTINEZ, JORDI |
|
Financial Manager |
PEREZ CARRETERO, SALVADOR |
|
Human Resources Director |
PEREZ CARRETERO, SALVADOR |
|
Commercial Director |
BARENYS MARTINEZ, JORDI |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TRUMPLER ESPAŃOLA SA |
A08376105 |
60,00 |
OWN SOURCES |
07/02/2013 |
|
|
TRUMPLER GMBH & CO. KG CHEMISCHE FABRIK |
GERMANY |
40,00 |
OWN SOURCES |
07/02/2013 |
Majority shareholder of TRUMPLER ESPAŃOLA SA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TRUMPLER GMBH & CO. KG CHEMISCHE FABRIK |
GERMANY |
66,83 |
OWN SOURCES |
05/01/2012 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
FIMSA S. L. (EXTINGUIDA) |
B08783193 |
100,00 |
B.O.R.M.E. |
08/11/2002 |
|
|
KOMENO S. L. (EXTINGUIDA) |
B08783219 |
21,74 |
B.O.R.M.E. |
27/02/2002 |
|
|
WAEC S. L. (EXTINGUIDA) |
B08783201 |
19,56 |
B.O.R.M.E. |
27/02/2002 |
Company with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ROBAMA SA DE CV |
MEXICO |
99,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
WAYUT S. L. (EXTINGUIDA) |
B59964130 |
100,00 |
B.O.R.M.E. |
24/03/1997 |
|
|
COMPANIA DE INVERSIONES Y RAICES SA (EXTINGUIDA) |
A08331621 |
75,00 |
EL PERIÓDICO DE CATALUNYA |
01/10/1997 |
Company with rating inferior to 7
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”JORDI MARIA BARENYS MARTINEZ”
|
COMPANY |
POSITION |
PROVINCE |
|
GRA DE FAJOL SL |
Consejero |
BARCELONA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”SOCIEDAD ANONIMA ROBAMA”
URL: www.trumpler.com
Trumpler: Subsidiaries ROBAMA S.A. DE C.V.. Cerrada de Recursos
Hidráulicos
URL: www.robama.com
ROBAMA - Sistemas de Calidad, Formación, Protección del Medio ... 3C Frac.
Industrial La Loma 54060 Tlalnepantla de Baz. Phone: (+ 525) 3 65 25 09; (+
525) 3 65 36 ...
URL: tlalnepantla-de-baz.wired.com.mx
Robama, S.a De C.v - productos quimicos industriales Mexico STANDARDS
S.A. ROBAMA es una empresa sustentada por los principios de responsabilidad,
esfuerzo y mejora continua para satisfacer las necesidades de ...
URL: www.guiaespana.com.es
Colorantes y pigmentos fabricas mayoristas en Espańa Nombre de
empresa: Robama, S.a De C.v. Tel: (55)53652509. Dirección: Recursos Hidraulicos
No. 3. Colonia: La Loma, 54060. Cuidad: Tlalnepantla De Baz, ...
BUSINESS INFORMATION
Incorporation date: 01/03/1925
Establishment date: 01/01/1925
Founder’s Name: LA TITULAR ES FUNDADORA INICIAL DEL NEGOCIO
Activity: Mfg. of dyes & pigments
NACE 2009 CODE: 2012
NACE 2009 Activity: Manufacture of dyes and pigments
Business: FABRICACION DE COLORANTES Y PIGMENTOS.FABRICACION
DE PRODUCTOS QUIMICOS.VETA AL MAYOR DE PRODUCTOS QUIMICOS INDUSTRIALES
Environmental information: YES (Page 67 -
68) Annual financial report 2011
Employees
Latest employees figure: 63 (2013)
% of fixed employees: 100,00%
% of men: 70,49%
% of women: 29,51%
Employees evolution
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Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
43 |
18 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 81%
Imports from: U.E. Y OTROS PAÍSES
National Distribution: 19%
SALES
Export Percentage: 50%
Exports to: U.E. Y OTROS PAÍSES
National Distribution: 50%
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
TRUMPLER MEXICANA |
YES |
|
ROBAMA SA DE CV |
YES |
|
TRUMPLER ITALIA |
YES |
|
TRUMPLER FRANCE |
YES |
|
TRUMPLER ESPAŃOLA SA |
NO |
El 78,26% de su cifra de negocio corresponde a papel.
El 10,47% de su cifra de negocio corresponde a textil.
El 10,03% de su cifra de negocio corresponde a cuero.
El 1,24% de su cifra de negocio corresponde a otros.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
DEUTSCHE BANK, S.A.E. |
0020 |
AV. DIAGONAL, 446 |
BARCELONA |
Barcelona |
|
BANCO SANTANDER, S.A. |
1908 |
FERRER I GUARDIA, 5-7 |
MONTCADA I REIXAC |
Barcelona |
|
BANCO POPULAR ESPAŃOL, S.A. |
|
|
|
|
|
CAIXABANK, S.A. |
|
|
BARCELONA |
|
|
BANCO ESPAŃOL DE CREDITO, S.A. |
|
|
BARCELONA |
|
Discount facilities: 1
Credit policy: 1
Mortgage loan: 3
Loans with no real security: 0
|
|
|
|
Entity:DEUTSCHE BANK, S.A.E. Debt type: Credit policy |
Granted limit:481.000,00 € Used limit:261.680,10 € Available limit:219.319,90
€ Source: Filed
Accounts (2011) |
|
|
|
|
Debt type: Discount
facilities |
Granted limit:550.000,00 € Used limit:213.675,37 € Available limit:336.324,63
€ Source: Filed
Accounts (2011) |
|
|
|
|
Entity:DEUTSCHE BANK, S.A.E. Debt type:Mortgage loan Expiry date: 30/06/2015 |
Granted amount:2.000.000,00 € Long term outstanding
amount:1.000.000,00 € Short term outstanding
amount:400.000,00 € Total outstanding amount:1.400.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
|
Entity:BANCO POPULAR ESPAŃOL, S.A. Debt type:Mortgage loan Guarantee in a mortgage: Parcela
propiedad de S.A Robama en Palafolls (Pg. Ind. Mas Puigvert). |
Granted amount:1.500.000,00 € Long term outstanding
amount:877.844,47 € Short term outstanding
amount:167.521,88 € Total outstanding amount:1.045.366,35
€ Source: Filed
Accounts (2011) |
|
|
|
|
Entity:BANCO SANTANDER, S.A. Debt type:Mortgage loan Guarantee in a mortgage: Parcela
propiedad de S.A Robama en Palafolls (Pg. Ind. Mas Puigvert). |
Granted amount:1.500.000,00 € Long term outstanding
amount:713.611,80 € Short term outstanding
amount:170.963,17 € Total outstanding amount:884.574,97
€ Source: Filed
Accounts (2011) |
|
|
|
Brand name: HISPACID (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 21/02/2002
Brand name: HISPAMIN (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 21/02/2002
Brand name: HISPACET (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 23/01/2001
Brand name: HISPACRIL (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 23/01/2001
Brand name: HISPATHREN (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 22/12/2000
There are 23 brands, signs and commercial names at INFORMA
D&B, S.A.
LEGAL STRUCTURE
Constitution Data
Register Date: 01/03/1925
Legal form: Joint-stock Company
Share capital: 276.465,57 €
Paid-up capital: 276.465,57 €
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: 36 (Last: 15/11/2011, first:
21/05/1991)
Acts on capital: 1 (Last: 04/09/1997)
Acts on creation: 0
Acts on filed accounts: 22 (Last: 19/08/2011, first:
26/12/1990)
Acts on identification: 2 (Last: 21/06/2007, first:
24/11/1995)
Acts on Information: 7 (Last: 23/11/2004, first:
14/08/1992)
Acts on proceedings: 4 (Last: 08/11/2002, first:
23/06/1997)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
15/11/2011 |
451531 |
Barcelona |
|
Annual Filed Accounts (2010) |
19/08/2011 |
322144 |
Barcelona |
|
Appointments |
02/08/2011 |
318878 |
Barcelona |
|
Resignations |
02/08/2011 |
318878 |
Barcelona |
|
Appointments |
11/05/2011 |
200432 |
Barcelona |
|
Resignations |
11/05/2011 |
200432 |
Barcelona |
|
Annual Filed Accounts (2009) |
21/09/2010 |
619345 |
Barcelona |
|
Annual Filed Accounts (2008) |
27/08/2009 |
274019 |
Barcelona |
|
Appointments |
01/12/2008 |
549447 |
Barcelona |
|
Resignations |
01/12/2008 |
549447 |
Barcelona |
PRESS ARTICLES
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 3 (Last: 10/05/2007, first:
01/10/1997)
Latest press article published
10/05/2007 EL PERIÓDICO DE CATALUNYA - LEGAL
ANNOUNCEMENTS
THE
EXTRAORDINARY GENERAL MEETING HELD ON 01/05/07 agreed to move the headquarters to PALAFOLLS (BARCELONA), industrial
POLIGONO PUIGVERT, NATIONAL HIGHWAY II,
KM. 680.60.
11/07/2002 EL PERIÓDICO DE CATALUNYA - LEGAL
ANNOUNCEMENTS
Grales JOINTS. THE ORDINARY AND UNIVERSAL
SDADES. Inc. Robama
(SDAD. ABSORBENT) And FIMSA S.L. (SDAD. absorbed) HELD
ON 28/06/02 BOTH agreed to merge SDADES. THE SDAD. ABSORBENT
MADE NO CAPITAL
INCREASE Being a REVERSE MERGER AND BE UNFIT Robama SA Wholly owned by FIMSA S.L.
01/10/1997 EL PERIÓDICO DE CATALUNYA - LEGAL
ANNOUNCEMENTS
Grales JOINTS. Extraordinary S.A. Robama
(SDAD. ABSORBENT) AND ESTATE AND INVESTMENT COMPANY, SA
(SDAD. absorbed), HELD ON JUNE 23, 1997,
agreed to the merger by absorption of
the latter by the former. THE
SDAD. ABSORBED be
dissolved without liquidation, Broadcasting
BLOCK their net assets to the parent. ABSORBENT.
Complementary Information
Financial Information
El balance cerrado a 31/12/2008 (Deposito 2008) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
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 25/07/2012.
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 |
4.252.410,22 |
34,37 |
4.125.300,68 |
34,86 |
4.542.094,07 |
42,24 |
|
I. Intangible assets |
3.510,07 |
0,03 |
11.347,61 |
0,10 |
24.954,39 |
0,23 |
|
3. Patents, licences , trademarks and similars |
2.683,64 |
0,02 |
5.456,85 |
0,05 |
8.917,65 |
0,08 |
|
5. Software |
826,43 |
0,01 |
5.890,76 |
0,05 |
16.036,74 |
0,15 |
|
II. Tangible fixed assets |
3.370.280,94 |
27,24 |
3.656.981,19 |
30,90 |
4.069.179,22 |
37,84 |
|
1. Property, plant and equipment |
1.860.201,03 |
15,04 |
1.947.536,13 |
16,46 |
2.015.297,73 |
18,74 |
|
2. Technical fittings and other tangible assets |
1.335.824,84 |
10,80 |
1.523.962,72 |
12,88 |
1.868.399,15 |
17,38 |
|
3. Fixed assets in progress and advances |
174.255,07 |
1,41 |
185.482,34 |
1,57 |
185.482,34 |
1,73 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
861.406,08 |
6,96 |
441.059,48 |
3,73 |
441.059,48 |
4,10 |
|
1. Net worth instruments |
441.059,48 |
3,57 |
441.059,48 |
3,73 |
441.059,48 |
4,10 |
|
2. Credits to companies |
420.346,60 |
3,40 |
|
|
|
|
|
V. Long Term Financial Investments |
17.213,13 |
0,14 |
15.912,40 |
0,13 |
6.900,98 |
0,06 |
|
5. Other financial assets |
17.213,13 |
0,14 |
15.912,40 |
0,13 |
6.900,98 |
0,06 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
8.118.716,18 |
65,63 |
7.709.771,68 |
65,14 |
6.210.466,72 |
57,76 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
3.690.514,74 |
29,83 |
2.963.440,09 |
25,04 |
2.363.773,79 |
21,98 |
|
1. Goods available for sale |
691.953,11 |
5,59 |
664.854,75 |
5,62 |
515.783,69 |
4,80 |
|
2. Raw material inventory |
1.616.751,23 |
13,07 |
1.203.645,11 |
10,17 |
604.957,17 |
5,63 |
|
3. Work in Progress |
429.286,95 |
3,47 |
441.342,21 |
3,73 |
566.239,80 |
5,27 |
|
b) Short production cycle |
429.286,95 |
3,47 |
441.342,21 |
3,73 |
566.239,80 |
5,27 |
|
4. Finished goods |
952.523,45 |
7,70 |
653.598,02 |
5,52 |
676.793,13 |
6,29 |
|
b) Short production cycle |
952.523,45 |
7,70 |
653.598,02 |
5,52 |
676.793,13 |
6,29 |
|
III. Trade Debtors and other receivable accounts |
3.831.556,17 |
30,97 |
4.148.238,82 |
35,05 |
3.448.462,08 |
32,07 |
|
1. Clients |
1.909.107,71 |
15,43 |
1.962.863,09 |
16,59 |
1.991.918,60 |
18,53 |
|
b) Clients for sales and short term services rendering |
1.909.107,71 |
15,43 |
1.962.863,09 |
16,59 |
1.991.918,60 |
18,53 |
|
2. Clients group and associated companies |
1.098.082,27 |
8,88 |
1.752.257,58 |
14,81 |
1.228.374,13 |
11,42 |
|
3. Other debts |
793,21 |
0,01 |
1.422,60 |
0,01 |
288,49 |
0,00 |
|
4. Staff |
4.300,00 |
0,03 |
7.100,00 |
0,06 |
1.000,00 |
0,01 |
|
5. Assets by current taxes |
144,26 |
0,00 |
9,71 |
0,00 |
351,07 |
0,00 |
|
6. Other credits with the Public Administrations |
819.128,72 |
6,62 |
424.585,84 |
3,59 |
226.529,79 |
2,11 |
|
IV. Short term investments in associated and affiliated companies |
140.115,48 |
1,13 |
|
|
|
|
|
2. Credits to companies |
140.115,48 |
1,13 |
|
|
|
|
|
V. Short term financial investments |
60.000,00 |
0,49 |
30.000,00 |
0,25 |
63.250,00 |
0,59 |
|
5. Other financial assets |
60.000,00 |
0,49 |
30.000,00 |
0,25 |
63.250,00 |
0,59 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
396.529,79 |
3,21 |
568.092,77 |
4,80 |
334.980,85 |
3,12 |
|
1. Treasury |
396.529,79 |
3,21 |
568.092,77 |
4,80 |
334.980,85 |
3,12 |
|
TOTAL ASSETS (A + B) |
12.371.126,40 |
100,00 |
11.835.072,36 |
100,00 |
10.752.560,79 |
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 |
2.677.311,22 |
21,64 |
2.079.405,80 |
17,57 |
1.659.623,03 |
15,43 |
|
A-1) Equity |
2.677.311,22 |
21,64 |
2.079.405,80 |
17,57 |
1.659.623,03 |
15,43 |
|
I. Capital |
276.465,57 |
2,23 |
276.465,57 |
2,34 |
276.465,57 |
2,57 |
|
1. Authorized capital |
276.465,57 |
2,23 |
276.465,57 |
2,34 |
276.465,57 |
2,57 |
|
II. Issue premium |
535.706,65 |
4,33 |
535.706,65 |
4,53 |
535.706,65 |
4,98 |
|
III. Reserves |
4.847.842,27 |
39,19 |
4.847.842,27 |
40,96 |
4.847.842,27 |
45,09 |
|
1. Legal and statutory |
55.293,11 |
0,45 |
55.293,11 |
0,47 |
55.293,11 |
0,51 |
|
2. Other funds |
4.792.549,16 |
38,74 |
4.792.549,16 |
40,49 |
4.792.549,16 |
44,57 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-3.580.608,69 |
-28,94 |
-4.000.391,46 |
-33,80 |
-3.872.943,21 |
-36,02 |
|
2. (Prior years losses) |
-3.580.608,69 |
-28,94 |
-4.000.391,46 |
-33,80 |
-3.872.943,21 |
-36,02 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
597.905,42 |
4,83 |
419.782,77 |
3,55 |
-127.448,25 |
-1,19 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
2.443.814,10 |
19,75 |
3.197.392,19 |
27,02 |
3.946.085,23 |
36,70 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
2.421.485,98 |
19,57 |
3.162.420,43 |
26,72 |
3.909.744,46 |
36,36 |
|
2. Debts with bank entities |
2.421.485,98 |
19,57 |
3.162.420,43 |
26,72 |
3.909.744,46 |
36,36 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
22.328,12 |
0,18 |
34.971,76 |
0,30 |
36.340,77 |
0,34 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
7.250.001,08 |
58,60 |
6.558.274,37 |
55,41 |
5.146.852,53 |
47,87 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
19.129,91 |
0,15 |
|
|
|
|
|
III. Short term debts |
2.494.869,24 |
20,17 |
2.324.269,54 |
19,64 |
2.125.355,46 |
19,77 |
|
2. Debts with bank entities |
2.494.120,64 |
20,16 |
2.311.895,24 |
19,53 |
2.100.134,28 |
19,53 |
|
5. Other financial liabilities |
748,60 |
0,01 |
12.374,30 |
0,10 |
25.221,18 |
0,23 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
4.736.001,93 |
38,28 |
4.234.004,83 |
35,78 |
3.021.497,07 |
28,10 |
|
1. Suppliers |
2.868.858,10 |
23,19 |
2.550.312,99 |
21,55 |
2.147.472,87 |
19,97 |
|
b) Short term suppliers |
2.868.858,10 |
23,19 |
2.550.312,99 |
21,55 |
2.147.472,87 |
19,97 |
|
2. Suppliers group and associated companies |
|
|
1.375,11 |
0,01 |
33.330,43 |
0,31 |
|
3. Different creditors |
1.361.404,24 |
11,00 |
1.212.799,47 |
10,25 |
425.646,30 |
3,96 |
|
4. Staff (pending remunerations) |
376.902,21 |
3,05 |
361.043,48 |
3,05 |
313.904,18 |
2,92 |
|
6. Other debts with Public Administrations |
128.837,38 |
1,04 |
106.823,17 |
0,90 |
100.796,43 |
0,94 |
|
7. Clients pre-payments |
|
|
1.650,61 |
0,01 |
346,86 |
0,00 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
12.371.126,40 |
100,00 |
11.835.072,36 |
100,00 |
10.752.560,79 |
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 |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
15.961.566,99 |
99,89 |
15.418.090,24 |
100,00 |
13.553.422,15 |
100,00 |
|
A) Sales |
15.887.328,46 |
99,42 |
15.368.410,82 |
99,68 |
13.553.422,15 |
100,00 |
|
b) Services provided |
74.238,53 |
0,46 |
49.679,42 |
0,32 |
|
|
|
2. Variation in stocks of finished goods and work in progress |
286.870,17 |
1,80 |
-148.092,70 |
-0,96 |
-31.831,45 |
-0,23 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-8.947.899,48 |
-55,99 |
-8.226.512,80 |
-53,36 |
-7.422.749,76 |
-54,77 |
|
a) Material consumed |
-2.615.664,95 |
-16,37 |
-3.012.839,09 |
-19,54 |
-2.663.695,13 |
-19,65 |
|
b) Raw materials consumed |
-6.313.779,09 |
-39,51 |
-5.198.038,93 |
-33,71 |
-4.557.966,33 |
-33,63 |
|
c) Works carried out for other companies |
-1.069,00 |
-0,01 |
-1.986,10 |
-0,01 |
-616,90 |
0,00 |
|
d) Deterioration on merchandises, raw materials and other supplies |
-17.386,44 |
-0,11 |
-13.648,68 |
-0,09 |
-200.471,40 |
-1,48 |
|
5. Other operating income |
18.299,45 |
0,11 |
|
|
|
|
|
a) Other incomes |
18.299,45 |
0,11 |
|
|
|
|
|
6. Labour cost |
-3.026.963,74 |
-18,94 |
-2.895.367,96 |
-18,78 |
-2.786.873,00 |
-20,56 |
|
a) Wages and similar expenses |
-2.362.936,14 |
-14,79 |
-2.245.184,10 |
-14,56 |
-2.125.783,77 |
-15,68 |
|
b) Social costs |
-664.027,60 |
-4,16 |
-650.183,86 |
-4,22 |
-661.089,23 |
-4,88 |
|
7. Other operating costs |
-3.100.807,24 |
-19,40 |
-2.916.673,44 |
-18,92 |
-2.281.677,47 |
-16,83 |
|
a) External services |
-2.889.869,10 |
-18,08 |
-2.331.294,27 |
-15,12 |
-2.107.959,01 |
-15,55 |
|
b) Taxes |
-151.621,15 |
-0,95 |
-175.803,98 |
-1,14 |
-137.639,52 |
-1,02 |
|
c) Losses, deterioration and variation on business operations
provisions |
-59.316,99 |
-0,37 |
-409.575,19 |
-2,66 |
-36.078,94 |
-0,27 |
|
8. Amortization of fixed assets |
-372.871,81 |
-2,33 |
-446.337,08 |
-2,89 |
-686.388,60 |
-5,06 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
-2.086,20 |
-0,01 |
|
|
|
|
|
b) Results for disposals and others |
-2.086,20 |
-0,01 |
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-3.047,24 |
-0,02 |
2.880,24 |
0,02 |
-4.387,60 |
-0,03 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
813.060,90 |
5,09 |
787.986,50 |
5,11 |
339.514,27 |
2,51 |
|
14. Financial income |
149.484,51 |
0,94 |
51,16 |
0,00 |
1.950,35 |
0,01 |
|
a) From net worth instruments participations |
148.809,50 |
0,93 |
|
|
|
|
|
a 1) On group and associated companies |
148.809,50 |
0,93 |
|
|
|
|
|
b) From negotiable values and other financial instruments |
675,01 |
0,00 |
51,16 |
0,00 |
1.950,35 |
0,01 |
|
b 2) From third parties |
675,01 |
0,00 |
51,16 |
0,00 |
1.950,35 |
0,01 |
|
15. Financial expenses |
-396.526,99 |
-2,48 |
-376.063,26 |
-2,44 |
-382.597,17 |
-2,82 |
|
a) For debts with associated and affiliated companies |
-16.954,17 |
-0,11 |
-20.000,00 |
-0,13 |
|
|
|
b) For debts with third parties |
-379.572,82 |
-2,38 |
-356.063,26 |
-2,31 |
-382.597,17 |
-2,82 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
19.243,36 |
0,12 |
6.439,36 |
0,04 |
-87.684,70 |
-0,65 |
|
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) |
-227.799,12 |
-1,43 |
-369.572,74 |
-2,40 |
-468.331,52 |
-3,46 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
585.261,78 |
3,66 |
418.413,76 |
2,71 |
-128.817,25 |
-0,95 |
|
20. Taxes on profits |
12.643,64 |
0,08 |
1.369,01 |
0,01 |
1.369,00 |
0,01 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
597.905,42 |
3,74 |
419.782,77 |
2,72 |
-127.448,25 |
-0,94 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
597.905,42 |
3,74 |
419.782,77 |
2,72 |
-127.448,25 |
-0,94 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
597.905,42 |
419.782,77 |
-127.448,25 |
|
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) |
597.905,42 |
419.782,77 |
-127.448,25 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
276.465,57 |
535.706,65 |
4.847.842,27 |
-2.378.027,75 |
|
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) |
276.465,57 |
535.706,65 |
4.847.842,27 |
-2.378.027,75 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
-1.494.915,46 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
276.465,57 |
535.706,65 |
4.847.842,27 |
-3.872.943,21 |
|
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) |
276.465,57 |
535.706,65 |
4.847.842,27 |
-3.872.943,21 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
-127.448,25 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
276.465,57 |
535.706,65 |
4.847.842,27 |
-4.000.391,46 |
|
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) |
276.465,57 |
535.706,65 |
4.847.842,27 |
-4.000.391,46 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
419.782,77 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
276.465,57 |
535.706,65 |
4.847.842,27 |
-3.580.608,69 |
|
NET WORTH CHANGES ( 3 /3) |
EXERCISE RESULT |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-1.547.014,39 |
1.734.972,35 |
|
|
|
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) |
-1.547.014,39 |
1.734.972,35 |
|
|
|
I. Total recognized income and expenses |
-127.448,25 |
-127.448,25 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
1.547.014,39 |
52.098,93 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
-127.448,25 |
1.659.623,03 |
|
|
|
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) |
-127.448,25 |
1.659.623,03 |
|
|
|
I. Total recognized income and expenses |
419.782,77 |
419.782,77 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
127.448,25 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
419.782,77 |
2.079.405,80 |
|
|
|
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) |
419.782,77 |
2.079.405,80 |
|
|
|
I. Total recognized income and expenses |
597.905,42 |
597.905,42 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-419.782,77 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
597.905,42 |
2.677.311,22 |
|
|
CASH FLOW STATUS
Figures given in €
|
|
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
585.261,78 |
418.413,76 |
-128.817,25 |
|
2. Results adjustments |
602.757,13 |
1.244.437,31 |
1.196.176,38 |
|
a) Amortization of fixed assets (+) |
372.871,81 |
446.337,08 |
686.388,60 |
|
b) Value correction for deterioration (+/-) |
|
21.832,54 |
41.456,26 |
|
c) Change of Provisions (+/-) |
|
409.575,19 |
|
|
e) Results for decline and disposal of fixed assets (+/-) |
2.086,20 |
|
|
|
g) Financial income (-) |
-149.484,51 |
-51,16 |
-1.950,35 |
|
f) Financial expenses (+) |
396.526,99 |
376.063,26 |
382.597,17 |
|
i) Change difference (+/-) |
-19.243,36 |
-6.439,36 |
87.684,70 |
|
k) Other income and expenses (-/+) |
|
-2.880,24 |
|
|
3. Changes in current capital |
-430.483,71 |
-469.956,06 |
272.865,07 |
|
a) Stocks (+/-) |
-727.074,65 |
-621.498,84 |
891.213,79 |
|
b) Debtors and other receivable accounts (+/-) |
-224.536,07 |
-935.218,81 |
435.404,71 |
|
c) Other current assets (+/-) |
|
30.000,00 |
32.462,50 |
|
d) Creditors and other payable accounts (+/-) |
501.997,10 |
1.055.682,16 |
-1.002.507,20 |
|
e) Other current liabilities (+/-) |
19.129,91 |
1.079,43 |
-83.708,73 |
|
4. Other cash flow coming from operating activities |
-247.043,26 |
-376.012,10 |
|
|
a) Interests payments (-) |
-396.527,77 |
-376.063,26 |
|
|
b) Dividends collections (+) |
148.809,50 |
|
|
|
c) Interests collections (+) |
675,01 |
51,16 |
|
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
510.491,94 |
816.882,91 |
1.340.224,20 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-111.720,95 |
-26.293,69 |
-233.691,69 |
|
b) Intangible assets |
|
|
-1.060,94 |
|
c) Tangible assets |
-80.420,22 |
-20.532,27 |
-196.630,75 |
|
e) Other financial assets |
-31.300,73 |
-5.761,42 |
|
|
h) Other assets |
|
|
-36.000,00 |
|
7. Disinvestment collections (+) |
|
|
|
|
8. Cash Flow in investment activities (6 + 7) |
-111.720,95 |
-26.293,69 |
-233.691,69 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
-236.971,92 |
|
c) Own net worth instruments acquisition (-) |
|
|
-236.971,92 |
|
10. Financial liabilities instruments collections and payments |
-570.333,97 |
-557.477,30 |
-703.758,01 |
|
a) Issue |
|
5.710.177,43 |
2.000.000,00 |
|
2. Debts with bank entities (+) |
|
5.710.177,43 |
2.000.000,00 |
|
b) Return and amortization of |
-570.333,97 |
-6.267.654,73 |
-2.703.758,01 |
|
2. Debts with bank entities (-) |
-558.708,67 |
-6.267.654,73 |
-2.598.135,05 |
|
5. Other debts (-) |
-11.625,30 |
|
-105.622,96 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-570.333,97 |
-557.477,30 |
-940.729,93 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-171.562,98 |
233.111,92 |
165.802,58 |
|
Cash or equivalents at the beginning of the exercise |
568.092,77 |
334.980,85 |
169.178,27 |
|
Cash or equivalents at the end of the exercise |
396.529,79 |
568.092,77 |
334.980,85 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
868.715,10 |
-24,56 |
1.151.497,31 |
8,26 |
1.063.614,19 |
|
Working capital ratio |
0,07 |
-30,00 |
0,10 |
0,00 |
0,10 |
|
Soundness Ratio |
0,63 |
26,00 |
0,50 |
35,14 |
0,36 |
|
Average Collection Period (days) |
86 |
-10,78 |
97 |
5,91 |
91 |
|
Average Payment Period (days) |
141 |
3,42 |
137 |
22,19 |
112 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
111,98 |
-4,75 |
117,56 |
-2,58 |
120,66 |
|
Quick Ratio (%) |
6,30 |
-30,92 |
9,12 |
17,83 |
7,74 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
39,74 |
-14,28 |
46,36 |
-17,41 |
56,13 |
|
External Financing Average Cost |
0,08 |
14,29 |
0,07 |
16,67 |
0,06 |
|
Debt Service Coverage |
9,63 |
43,30 |
6,72 |
49,33 |
4,50 |
|
Interest Coverage |
2,05 |
-2,38 |
2,10 |
135,96 |
0,89 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
3,20 |
-39,62 |
5,30 |
-46,41 |
9,89 |
|
Auto financing generated by Assets (%) |
4,13 |
-40,14 |
6,90 |
-44,62 |
12,46 |
|
Breakdown Point |
1,05 |
0,00 |
1,05 |
1,94 |
1,03 |
|
Average Sales Volume per Employee |
261.665,03 |
1,83 |
256.968,17 |
19,45 |
215.133,68 |
|
Average Cost per Employee |
49.622,36 |
2,83 |
48.256,13 |
9,09 |
44.236,08 |
|
Assets Turnover |
1,29 |
-0,77 |
1,30 |
3,17 |
1,26 |
|
Inventory Turnover (days) |
148 |
14,44 |
130 |
13,21 |
114 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
6,57 |
-1,35 |
6,66 |
110,76 |
3,16 |
|
Operating Profitability (%) |
9,57 |
-8,25 |
10,43 |
9,33 |
9,54 |
|
Return on Equity (ROE) (%) |
21,86 |
8,65 |
20,12 |
359,28 |
-7,76 |
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 |
34,37 |
38,76 |
-4,39 |
|
A) CURRENT ASSETS |
65,63 |
61,24 |
4,39 |
|
LIABILITIES |
|||
|
A) NET WORTH |
21,64 |
40,86 |
-19,22 |
|
B) NON CURRENT LIABILITIES |
19,75 |
16,62 |
3,13 |
|
C) CURRENT LIABILITIES |
58,60 |
42,52 |
16,08 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,89 |
99,37 |
0,52 |
|
Other operating income |
0,11 |
0,63 |
-0,52 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-55,99 |
-60,00 |
4,01 |
|
Variation in stocks of finished goods and work in progress |
1,80 |
1,55 |
0,25 |
|
GROSS MARGIN |
45,80 |
41,56 |
4,24 |
|
Other operating costs |
-19,40 |
-18,94 |
-0,46 |
|
Labour cost |
-18,94 |
-16,96 |
-1,98 |
|
GROSS OPERATING RESULT |
7,45 |
5,65 |
1,80 |
|
Amortization of fixed assets |
-2,33 |
-3,38 |
1,05 |
|
Deterioration and result for fixed assets disposal |
-0,01 |
-0,01 |
0,00 |
|
Other expenses / income |
|
0,41 |
|
|
NET OPERATING RESULT |
5,09 |
2,68 |
2,41 |
|
Financial result |
-1,43 |
-2,18 |
0,75 |
|
RESULT BEFORE TAX |
3,66 |
0,50 |
3,16 |
|
Taxes on profits |
0,08 |
-0,06 |
0,14 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
3,74 |
0,44 |
3,30 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
3,74 |
0,44 |
3,30 |
|
Amortization of fixed assets |
-2,33 |
-3,38 |
1,05 |
|
Deterioration and provisions variation |
-0,48 |
-1,34 |
0,86 |
|
|
6,56 |
5,16 |
1,40 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
868.715,10 |
274.033,63 |
3.554.115,91 |
6.746.575,00 |
|
Working capital ratio |
0,07 |
0,04 |
0,16 |
0,52 |
|
Soundness Ratio |
0,63 |
0,53 |
0,96 |
2,64 |
|
Average Collection Period (days) |
86 |
84 |
108 |
162 |
|
Average Payment Period (days) |
141 |
88 |
109 |
137 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
111,98 |
106,08 |
136,40 |
278,13 |
|
Quick Ratio (%) |
6,30 |
9,12 |
29,92 |
67,59 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
39,74 |
5,23 |
34,75 |
49,42 |
|
External Financing Average Cost |
0,08 |
0,02 |
0,03 |
0,04 |
|
Debt Service Coverage |
9,63 |
0,84 |
1,55 |
8,83 |
|
Interest Coverage |
2,05 |
1,72 |
2,16 |
25,44 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
3,20 |
4,14 |
5,40 |
6,58 |
|
Auto financing generated by Assets (%) |
4,13 |
4,32 |
5,52 |
7,32 |
|
Breakdown Point |
1,05 |
1,00 |
1,04 |
1,06 |
|
Average Sales Volume per Employee |
261.665,03 |
200.350,85 |
229.064,61 |
294.329,40 |
|
Average Cost per Employee |
49.622,36 |
38.853,35 |
42.472,16 |
48.256,13 |
|
Assets Turnover |
1,29 |
0,66 |
0,94 |
1,40 |
|
Inventory Turnover (days) |
148 |
78 |
132 |
162 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
6,57 |
0,33 |
3,60 |
6,66 |
|
Operating Profitability (%) |
9,57 |
2,95 |
6,75 |
10,43 |
|
Return on Equity (ROE) (%) |
21,86 |
2,38 |
6,86 |
20,12 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.14 |
|
|
1 |
Rs.83.26 |
|
Euro |
1 |
Rs.71.93 |
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.