MIRA
INFORM REPORT
|
Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPIRIT MOBEL SL |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Spain |
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|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
22.06.2000 |
|
|
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees : |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List 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
SPIRIT MOBEL SL
CIF/NIF: B97002786
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: SPIRIT MOBEL SL
Other names: NO
Current Address: CALLE FRAGA, 7
Telephone number: 962917072 Fax: 962917073
Trade Risk
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2011): 3.240.309,38 (Mercantile Register)
Result: 140.286,48
Total Assets: 1.136.388,14
Share capital: 61.302,00
Employees: 1
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 22/06/2000
Activity: Wholesale of textiles
NACE 2009 CODE: 4641
International Operations: Imports
Corporate Structure
Sole Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 02/03/2012 Change of registered
address
Latest press article: No press articles registered
Bank Entities: There are
Financial situation
|
Exercise:2011 |
|
||
|
Immediate
liquidity |
Limited |
|
|
|
Indebtedness |
Average |
|
|
|
Profitability |
Good |
|
|
|
Soundness |
Excellent |
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
Rating Explanation
Financial situation
The companys financial situation is good.
The sales evolution and results has
been positive.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is small depending on
its sales volume.
The employees evolution has been stable.
Performance and Incidences
The available information indicates that the
company does not have payment incidences.
He have detected no recent legal actions or claims from
the Administration against this company.
Accounts Filing
The company files regularly its accounts.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
30/11/2012 |
Reduction |
15 |
There has been a change in the formula version. |
|
14/09/2012 |
Increase |
17 |
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered.
AFFECTED BY: No significant element.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
12/02/2013 08:02:25
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
Figures given in
|
|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
119.000,00 |
10,47 |
113.000,00 |
17,95 |
105.000,00 |
16,33 |
|
B) CURRENT ASSETS |
1.017.388,14 |
89,53 |
516.392,84 |
82,05 |
537.802,10 |
83,67 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
422.574,31 |
37,19 |
282.287,83 |
44,85 |
191.260,65 |
29,75 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
25.000,00 |
3,89 |
|
C) CURRENT LIABILITIES |
713.813,83 |
62,81 |
347.105,01 |
55,15 |
426.541,45 |
66,36 |
Profit and loss account analysis
Figures given in
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
3.240.309,38 |
|
1.252.160,64 |
|
1.595.217,14 |
|
|
GROSS MARGIN |
288.117,61 |
8,89 |
171.251,43 |
13,68 |
260.297,74 |
16,32 |
|
EBITDA |
170.721,93 |
5,27 |
136.646,97 |
10,91 |
221.660,36 |
13,90 |
|
EBIT |
170.721,93 |
5,27 |
136.646,97 |
10,91 |
221.660,36 |
13,90 |
|
NET RESULT |
140.286,48 |
4,33 |
91.027,18 |
7,27 |
151.201,38 |
9,48 |
|
EFFECTIVE TAX RATE (%) |
20,00 |
0,00 |
25,05 |
0,00 |
23,76 |
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 |
10,47 |
26,01 |
-15,54 |
|
A) CURRENT ASSETS |
89,53 |
73,99 |
15,54 |
|
LIABILITIES |
|||
|
A) NET WORTH |
37,19 |
43,11 |
-5,92 |
|
B) NON CURRENT LIABILITIES |
|
13,76 |
|
|
C) CURRENT LIABILITIES |
62,81 |
43,13 |
19,68 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
100,00 |
98,91 |
1,09 |
|
GROSS MARGIN |
8,89 |
32,19 |
-23,30 |
|
EBITDA |
5,27 |
5,04 |
0,23 |
|
EBIT |
5,27 |
3,72 |
1,55 |
|
NET RESULT |
4,33 |
1,79 |
2,54 |
Sector Composition
Compared sector (NACE 2009): 4641
Number of companies: 107
Size (sales figure): 2,800,000.00 - 7,000,000.00 Euros
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2011
Figures given in
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
140.286,48 |
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 |
140.286,48 |
|
Total of Amounts to be distributed |
140.286,48 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
140.286,48 |
ADDRESSES
Current Legal Seat Address:
CALLE FRAGA, 7
46860 ALBAIDA VALENCIA
Previous Seat Address:
CALLE LITOGRAFO PASCUAL Y ABAD 29 - PLT 11
46017 VALENCIA
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
22/02/2012)
Operative Board Members : 2 (latest change: 10/06/2011)
Non-current positions : 4 (latest change: 22/02/2012)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
MARTINEZ MARTINEZ, ALBERTO |
22/02/2012 |
|
|
|
|
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
Manager |
MICO TUREGANO, ENRIQUE |
|
Financial Manager |
MICO TUREGANO, ENRIQUE |
BUSINESS INFORMATION
Incorporation date: 22/06/2000
Establishment date: 01/01/2000
Code: 1617100
Activity: Wholesale of textiles
NACE 2009 CODE: 4641
NACE 2009 Activity: Wholesale of textiles
Business: the
import, export, sale, storage, distribution
and sale, WHOLESALE AND RETAIL, ALL KINDS
OF TEXTILE PRODUCTS OR CLASS.
Latest employees figure: 1 (2013)
% of fixed employees: 100,00%
% of women: 100,00%
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
|
1 |
Professional and advertising services
Source: Annual financial report 2011
Professional services
expenses: 49.415,36
Advertising services expenses: 8.540,26
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAIXABANK, S.A. |
2739 |
AV. ALMAIG, 69 |
ONTINYENT |
Valencia |
The bank entity with which it currently operates refuses to provide any
kind of information.
LEGAL STRUCTURE
Constitution Data
Register Date: 22/06/2000
Register town: Valencia
Announcement number: 279468
Share capital: 61.302
Legal form: Limited Liability Company
Share capital: 61.302,00
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: 14/10/2008)
Acts on administrators: 7 (Last: 02/03/2012, first:
21/07/2000)
Acts on capital: 0
Acts on creation: 1 (Last: 21/07/2000)
Acts on filed accounts: 11 (Last: 09/08/2011, first:
15/10/2001)
Acts on identification: 2 (Last: 02/03/2012, first:
14/10/2008)
Acts on Information: 2 (Last: 14/10/2008, first:
02/06/2008)
Latest acts in B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Change of registered address |
02/03/2012 |
104655 |
Valencia |
|
|
|
New business address: CALLE FRAGA, 7 46860 - ALBAIDA - Valencia Register Data:
Volume 6667, Book 3971, Folio 201, Section 8, Sheet 72719, Inscription I/A
4 (22/02/2012) Publication Data:
Register Valencia, Gazette 44, Page
11368, Announcement 104655 (02/03/2012) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
02/03/2012 |
104655 |
Valencia |
|
Resignations |
02/03/2012 |
104655 |
Valencia |
|
Annual Filed Accounts (2010) |
09/08/2011 |
267861 |
Valencia |
|
Annual Filed Accounts (2009) |
19/08/2010 |
342250 |
Valencia |
|
Annual Filed Accounts (2008) |
29/09/2009 |
558495 |
Valencia |
|
Registered activity change |
14/10/2008 |
474454 |
Valencia |
|
Change of registered address |
14/10/2008 |
474454 |
Valencia |
|
Modification of the Articles of Association |
14/10/2008 |
474454 |
Valencia |
|
Appointments |
14/10/2008 |
474454 |
Valencia |
Press articles
No press articles registered for this company
Complementary Information
Current situation
Segϊn Depσsito de 31/12/2006 la sociedad permaneciσ inactiva durante
dicho periodo.
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 14/09/2012.
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 |
119.000,00 |
10,47 |
113.000,00 |
17,95 |
105.000,00 |
16,33 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
|
|
|
|
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
119.000,00 |
10,47 |
113.000,00 |
17,95 |
105.000,00 |
16,33 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.017.388,14 |
89,53 |
516.392,84 |
82,05 |
537.802,10 |
83,67 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
20.295,00 |
1,79 |
23.923,96 |
3,80 |
4.991,66 |
0,78 |
|
III. Trade Debtors and other receivable
accounts |
959.905,93 |
84,47 |
475.318,37 |
75,52 |
455.225,31 |
70,82 |
|
1. Clients |
959.905,93 |
84,47 |
438.615,72 |
69,69 |
453.482,65 |
70,55 |
|
b) Clients for sales and
short term services rendering |
959.905,93 |
84,47 |
438.615,72 |
69,69 |
453.482,65 |
70,55 |
|
3. Other debtors |
|
|
36.702,65 |
5,83 |
1.742,66 |
0,27 |
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
26.550,64 |
2,34 |
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
10.636,57 |
0,94 |
17.150,51 |
2,72 |
77.585,13 |
12,07 |
|
TOTAL ASSETS (A + B) |
1.136.388,14 |
100,00 |
629.392,84 |
100,00 |
642.802,10 |
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 |
422.574,31 |
37,19 |
282.287,83 |
44,85 |
191.260,65 |
29,75 |
|
A-1) Equity |
422.574,31 |
37,19 |
282.287,83 |
44,85 |
191.260,65 |
29,75 |
|
I. Capital |
61.302,00 |
5,39 |
61.302,00 |
9,74 |
61.302,00 |
9,54 |
|
1. Authorized capital |
61.302,00 |
5,39 |
61.302,00 |
9,74 |
61.302,00 |
9,54 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
220.985,83 |
19,45 |
129.958,65 |
20,65 |
|
|
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
-21.242,73 |
-3,30 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
140.286,48 |
12,34 |
91.027,18 |
14,46 |
151.201,38 |
23,52 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and
subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
25.000,00 |
3,89 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
|
|
25.000,00 |
3,89 |
|
3. Other long term debts |
|
|
|
|
25.000,00 |
3,89 |
|
III. Long term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
713.813,83 |
62,81 |
347.105,01 |
55,15 |
426.541,45 |
66,36 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
135.483,87 |
11,92 |
230.143,42 |
36,57 |
78.326,88 |
12,19 |
|
1. Debts with bank entities |
92.378,99 |
8,13 |
229.100,34 |
36,40 |
78.326,88 |
12,19 |
|
3. Other short term debts |
43.104,88 |
3,79 |
1.043,08 |
0,17 |
|
|
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
578.329,96 |
50,89 |
116.961,59 |
18,58 |
348.214,57 |
54,17 |
|
1. Suppliers |
547.967,14 |
48,22 |
95.832,66 |
15,23 |
300.581,74 |
46,76 |
|
b) Short term suppliers |
547.967,14 |
48,22 |
95.832,66 |
15,23 |
300.581,74 |
46,76 |
|
2. Other creditors |
30.362,82 |
2,67 |
21.128,93 |
3,36 |
47.632,83 |
7,41 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
1.136.388,14 |
100,00 |
629.392,84 |
100,00 |
642.802,10 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
3.240.309,38 |
100,00 |
1.252.160,64 |
100,00 |
1.595.217,14 |
100,00 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-2.952.191,77 |
-91,11 |
-1.080.909,21 |
-86,32 |
-1.334.919,40 |
-83,68 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-1.411,56 |
-0,04 |
|
|
|
|
|
7. Other operating costs |
-116.432,88 |
-3,59 |
-34.605,64 |
-2,76 |
-38.638,56 |
-2,42 |
|
8. Amortization of fixed assets |
|
|
|
|
|
|
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets
disposal |
|
|
|
|
|
|
|
12. Negative difference of business
combinations |
|
|
|
|
|
|
|
13. Other results |
448,76 |
0,01 |
1,18 |
0,00 |
1,18 |
0,00 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6
+ 7 + 8 + 9 + 10 + 11 + 12 + 13) |
170.721,93 |
5,27 |
136.646,97 |
10,91 |
221.660,36 |
13,90 |
|
14. Financial income |
22,21 |
0,00 |
2,82 |
0,00 |
5,48 |
0,00 |
|
b) Other financial income |
22,21 |
0,00 |
2,82 |
0,00 |
5,48 |
0,00 |
|
15. Financial expenses |
-12.281,01 |
-0,38 |
-6.742,74 |
-0,54 |
-18.501,90 |
-1,16 |
|
16. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
16.894,97 |
0,52 |
-8.454,11 |
-0,68 |
-4.851,89 |
-0,30 |
|
18. Deterioration and result for disposal of
financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 +
18 + 19) |
4.636,17 |
0,14 |
-15.194,03 |
-1,21 |
-23.348,31 |
-1,46 |
|
C) RESULT BEFORE TAXES (A + B) |
175.358,10 |
5,41 |
121.452,94 |
9,70 |
198.312,05 |
12,43 |
|
20. Taxes on profits |
-35.071,62 |
-1,08 |
-30.425,76 |
-2,43 |
-47.110,67 |
-2,95 |
|
D) EXERCISE RESULT (C + 20) |
140.286,48 |
4,33 |
91.027,18 |
7,27 |
151.201,38 |
9,48 |
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 |
140.286,48 |
91.027,18 |
151.201,38 |
|
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) |
140.286,48 |
91.027,18 |
151.201,38 |
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
61.302,00 |
|
-3.691,34 |
-17.551,39 |
|
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) |
61.302,00 |
|
-3.691,34 |
-17.551,39 |
|
I. Total recognized income and expenses |
|
|
|
151.201,38 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
-17.551,39 |
17.551,39 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
61.302,00 |
|
-21.242,73 |
151.201,38 |
|
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) |
61.302,00 |
|
-21.242,73 |
151.201,38 |
|
I. Total recognized income and expenses |
|
|
|
91.027,18 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
129.958,65 |
21.242,73 |
-151.201,38 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
61.302,00 |
129.958,65 |
|
91.027,18 |
|
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) |
61.302,00 |
129.958,65 |
|
91.027,18 |
|
I. Total recognized income and expenses |
|
|
|
140.286,48 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
91.027,18 |
|
-91.027,18 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
61.302,00 |
220.985,83 |
|
140.286,48 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
40.059,27 |
|
||
|
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) |
40.059,27 |
|
||
|
I. Total recognized income and expenses |
151.201,38 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
191.260,65 |
|
||
|
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) |
191.260,65 |
|
||
|
I. Total recognized income and expenses |
91.027,18 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
282.287,83 |
|
||
|
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) |
282.287,83 |
|
||
|
I. Total recognized income and expenses |
140.286,48 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
422.574,31 |
|
||
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
303.574,31 |
79,32 |
169.287,83 |
52,15 |
111.260,65 |
|
Working capital ratio |
0,27 |
0,00 |
0,27 |
58,82 |
0,17 |
|
Soundness Ratio |
3,55 |
42,00 |
2,50 |
37,36 |
1,82 |
|
Average Collection Period (days) |
107 |
-22,11 |
137 |
33,33 |
103 |
|
Average Payment Period (days) |
68 |
79,05 |
38 |
-58,66 |
91 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
142,53 |
-4,19 |
148,77 |
18,00 |
126,08 |
|
Quick Ratio (%) |
5,21 |
5,47 |
4,94 |
-72,84 |
18,19 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
11,92 |
-67,40 |
36,57 |
127,57 |
16,07 |
|
External Financing Average Cost |
0,09 |
200,00 |
0,03 |
-83,33 |
0,18 |
|
Debt Service Coverage |
0,97 |
-61,66 |
2,53 |
272,06 |
0,68 |
|
Interest Coverage |
13,90 |
-31,43 |
20,27 |
69,20 |
11,98 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
4,33 |
-40,44 |
7,27 |
-23,31 |
9,48 |
|
Auto financing generated by Assets (%) |
12,34 |
-14,59 |
14,46 |
-38,52 |
23,52 |
|
Breakdown Point |
1,06 |
-5,36 |
1,12 |
-3,45 |
1,16 |
|
Average Sales Volume per Employee |
3.240.309,38 |
|
|
|
|
|
Average Cost per Employee |
1.411,56 |
|
|
|
|
|
Assets Turnover |
2,85 |
43,22 |
1,99 |
-19,76 |
2,48 |
|
Inventory Turnover (days) |
3 |
-68,18 |
8 |
450,00 |
1 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
15,02 |
-30,82 |
21,71 |
-37,04 |
34,48 |
|
Operating Profitability (%) |
15,02 |
-30,82 |
21,71 |
-37,04 |
34,48 |
|
Return on Equity (ROE) (%) |
41,50 |
-3,56 |
43,02 |
-58,50 |
103,69 |
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 |
10,47 |
26,01 |
-15,54 |
|
A) CURRENT ASSETS |
89,53 |
73,99 |
15,54 |
|
LIABILITIES |
|||
|
A) NET WORTH |
37,19 |
43,11 |
-5,92 |
|
B) NON CURRENT LIABILITIES |
|
13,76 |
|
|
C) CURRENT LIABILITIES |
62,81 |
43,13 |
19,68 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,91 |
1,09 |
|
Other operating income |
|
1,09 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-91,11 |
-68,73 |
-22,38 |
|
Variation in stocks of finished goods and work in progress |
|
0,92 |
|
|
GROSS MARGIN |
8,89 |
32,19 |
-23,30 |
|
Other operating costs |
-3,59 |
-15,86 |
12,27 |
|
Labour cost |
-0,04 |
-11,53 |
11,49 |
|
GROSS OPERATING RESULT |
5,25 |
4,80 |
0,45 |
|
Amortization of fixed assets |
|
-1,24 |
|
|
Deterioration and result for fixed assets disposal |
|
0,02 |
|
|
Other expenses / income |
|
0,14 |
|
|
NET OPERATING RESULT |
5,27 |
3,72 |
1,55 |
|
Financial result |
0,14 |
-1,36 |
1,50 |
|
RESULT BEFORE TAX |
5,41 |
2,35 |
3,06 |
|
Taxes on profits |
-1,08 |
-0,56 |
-0,52 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
4,33 |
1,79 |
2,54 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
4,33 |
1,79 |
2,54 |
|
Amortization of fixed assets |
|
-1,24 |
|
|
Deterioration and provisions variation |
|
-0,08 |
|
|
|
4,33 |
3,11 |
1,22 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
303.574,31 |
317.605,83 |
804.839,88 |
1.649.799,65 |
|
Working capital ratio |
0,27 |
0,14 |
0,23 |
0,42 |
|
Soundness Ratio |
3,55 |
1,13 |
1,99 |
4,64 |
|
Average Collection Period (days) |
107 |
67 |
97 |
118 |
|
Average Payment Period (days) |
68 |
61 |
94 |
135 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
142,53 |
119,91 |
144,02 |
237,48 |
|
Quick Ratio (%) |
5,21 |
4,34 |
14,42 |
37,26 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
11,92 |
11,52 |
28,61 |
47,21 |
|
External Financing Average Cost |
0,09 |
0,03 |
0,05 |
0,08 |
|
Debt Service Coverage |
0,97 |
0,91 |
7,68 |
17,22 |
|
Interest Coverage |
13,90 |
1,23 |
2,04 |
5,57 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
4,33 |
1,28 |
2,43 |
4,37 |
|
Auto financing generated by Assets (%) |
12,34 |
1,48 |
3,09 |
5,62 |
|
Breakdown Point |
1,06 |
1,01 |
1,04 |
1,06 |
|
Average Sales Volume per Employee |
3.240.309,38 |
212.835,59 |
309.459,84 |
477.339,19 |
|
Average Cost per Employee |
1.411,56 |
24.717,48 |
30.822,92 |
38.234,73 |
|
Assets Turnover |
2,85 |
0,88 |
1,27 |
1,73 |
|
Inventory Turnover (days) |
3 |
61 |
119 |
185 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
15,02 |
1,93 |
4,04 |
7,02 |
|
Operating Profitability (%) |
15,02 |
3,04 |
4,96 |
8,33 |
|
Return on Equity (ROE) (%) |
41,50 |
1,48 |
6,26 |
14,17 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
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.