MIRA
INFORM REPORT
|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
WORLD FASHION TEAM 2000 SL |
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Registered Office : |
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Country : |
Spain |
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Financials (as on) : |
31.12.010 |
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Date of Incorporation : |
01.01.1994 |
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Legal Form : |
Sole-Partnered Limited Liability Company |
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Line of Business : |
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No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
WORLD FASHION TEAM 2000 SL
CIF/NIF: B61855672
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: WORLD FASHION TEAM 2000 SL
Commercial name: COMPANY AND CO ; WFT 2000
Other names: YES
Current Address: CALLE BARCELONA, 1 - D PG
IND LA POST
Branches: 1
Telephone number: 902100628 Fax: 902100629
URL: www.wft2000.com
Corporate e-mail: wft2000@wft2000.com
Trade Risk
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2010): 13.602.645,00 € (Mercantile Register)
Result: 413.821 €
Total Assets: 7.442.471 €
Share capital: 200.000,00 €
Employees: 25
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 12/01/1999
Activity: Wholesale of clothing (outerwear)
NACE 2009 CODE: 4642
International Operations: Imports and
Exports
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2010
Latest act published in BORME: 18/05/2011 Resignations
Latest press article: No press articles registered for this
company at INFORMA D&B, S.A.
Bank Entities: There are
Rating Explanation
Financial situation
The company’s financial situation is good.
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 has had delays in the Accounts Filing in the Mercantile
Register.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
10/01/2013 |
Reduction |
14 |
New information has been loaded on our systems. |
|
30/11/2012 |
Reduction |
15 |
There has been a change in the formula version. |
|
30/01/2012 |
Reduction |
16 |
New information has been loaded on our systems. |
|
26/01/2012 |
Increase |
17 |
New financial statements have been uploaded. |
|
31/12/2011 |
Equal |
15 |
There has been a variation in the risk associated to the activity
sector of the company. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
11/02/2013 13:02:51
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 €
|
|
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
31/12/2008 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
663.984,00 |
8,92 |
262.691,00 |
6,02 |
343.029,00 |
7,60 |
|
B) CURRENT ASSETS |
6.778.487,00 |
91,08 |
4.099.653,00 |
93,98 |
4.168.827,00 |
92,40 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
2.795.710,00 |
37,56 |
2.381.889,00 |
54,60 |
2.042.515,00 |
45,27 |
|
B) NON CURRENT LIABILITIES |
66.682,00 |
0,90 |
29.685,00 |
0,68 |
41.600,00 |
0,92 |
|
C) CURRENT LIABILITIES |
4.580.079,00 |
61,54 |
1.950.770,00 |
44,72 |
2.427.741,00 |
53,81 |
Profit and loss account analysis
Figures given in €
|
|
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
13.602.645,00 |
|
9.954.512,00 |
|
9.927.875,00 |
|
|
GROSS MARGIN |
2.864.694,00 |
21,06 |
2.544.712,00 |
25,56 |
2.513.923,00 |
25,32 |
|
EBITDA |
562.310,00 |
4,13 |
521.066,00 |
5,23 |
425.866,00 |
4,29 |
|
EBIT |
487.528,00 |
3,58 |
420.343,00 |
4,22 |
200.784,00 |
2,02 |
|
NET RESULT |
413.821,00 |
3,04 |
339.374,00 |
3,41 |
126.997,00 |
1,28 |
|
EFFECTIVE TAX RATE (%) |
22,70 |
0,00 |
9,52 |
0,00 |
-34,02 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
|
|
|
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ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
8,92 |
28,04 |
-19,12 |
|
|
|
|
|
A) CURRENT ASSETS |
91,08 |
71,96 |
19,12 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
37,56 |
47,18 |
-9,62 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
0,90 |
9,25 |
-8,35 |
|
|
|
|
|
C) CURRENT LIABILITIES |
61,54 |
43,57 |
17,97 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
98,79 |
1,21 |
|
|
|
|
|
GROSS MARGIN |
21,06 |
36,45 |
-15,39 |
|
|
|
|
|
EBITDA |
4,13 |
7,75 |
-3,62 |
|
|
|
|
|
EBIT |
3,58 |
6,02 |
-2,44 |
|
|
|
|
|
NET RESULT |
3,04 |
3,94 |
-0,90 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4642
Number of companies: 73
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 2010
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
413.821,00 |
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 |
413.821,00 |
|
Total of Amounts to be distributed |
413.821,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
413.821,00 |
Auditing
Source: filing of annual financial statement 2010
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: GRANT THORNTON SLP
Auditing exceptions:
La memoria de las cuentas anuales no incluye la descripción global por
conceptos
retributivos de las remuneraciones de cualquier clase devengadas en el
ejercicio por el
administrador, información requerida por la normativa aplicable en
vigor. Dichas
remuneraciones se hallan debidamente registradas en la cuenta de
pérdidas y ganancias.
Auditing fees: 9.180,00 €
Facts subsequent to the closing
Source: Annual financial report 2010
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
ADDRESSES
Current Legal Seat Address:
CALLE BARCELONA, 1 - D PG IND LA POST
08850 GAVA BARCELONA
Previous Seat Address:
LUGAR PORT ESPORTIU AIGUADOLÇ 48
08870 SITGES BARCELONA
Characteristics of the current address
Type of establishment: office
Owners: owned; with no official confirmation
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE DERCHOS HUMANOS (PG IND MASABAL), 26 |
08870 |
SITGES |
Barcelona |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change: 31/12/2002)
Other Positions : 4 (latest change: 06/05/2011)
Auditor : 1 (latest change: 06/05/2009)
Operative Board Members : 3 (latest change: 19/04/2012)
Non-current positions : 7 (latest change: 06/05/2011)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
GUIJT IRENE, VICTORIA |
31/12/2002 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
AUDIHISPANA GRANT THORNTON SL |
06/05/2009 |
|
POSITION |
NAME AND SURNAME |
|
General Manager |
GUIJT IRENE, VICTORIA |
|
Financial Manager |
RUIZ, FRANCISCO |
|
Commercial Director |
GUIJT IRENE, VICTORIA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GUIJT IRENE VICTORIA |
|
100,00 |
OWN SOURCES |
15/02/2013 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”VICTORIA GUIJT IRENE”
|
COMPANY |
POSITION |
PROVINCE |
|
MANTEROLA DIVISION ARTE, SA |
Socio |
BARCELONA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”WORLD FASHION TEAM 2000 SL”
URL: www.worldfashionteam.com
Aviso Legal - World Fashion Team World Fashion Team 2000, S.L., tiene
como actividad el diseño, la fabricación y comercialización de prendas textiles
de exterior para marcas propias, al igual ...
URL: www.facebook.com
World Fashion Team 2000, S.L. - Gavá, Spain - Company | Facebook World
Fashion Team 2000, S.L., Gavá, Spain. 5 likes · 0 talking about this.
URL: www.slideshare.net
Leonor González, World fashion team 2000 s.l | SlideShare Viladecáns,
Cataluna, Spain. Work Working at World Fashion Team 2000 S.L. Followers (1) ·
Manuel Kantabro · Following (0). Not following anyone yet ...
URL: www.buscoempresas.es
Sector Textil Gavà - Empresas World fashion team 2000, s.l.
(08850). Sector Textil, 08850 Barcelona, Gavà. world fashion team 2000, s.l.
(08850)calle barcelona, no declarado08850 (gava) ...
URL: es.linkedin.com
Cristina Molina Villar - España | LinkedIn Anterior.
Diseñadora textil en World Fashion Team 2000; Diseñadora textil en World
Fashion Team 2000; diseñadora en Word fashion Team. Educación ...
BUSINESS INFORMATION
Incorporation date: 12/01/1999
Establishment date: 01/01/1994
Activity: Wholesale of clothing (outerwear)
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: FABRICACION, IMPORTACION, COMERCIALIZACION Y
DISTRIBUCION DE ARTICULOS DE PUNTO EN GENERAL, Y EN ESPECIAL DE PRENDAS DE
VESTIR DE TODO TIPO. LA COMPRA Y VENTA DE FINCAS, URBANAS Y RUSTICAS, ETC.
Activity description: Venta de prendas de vestir
Latest employees figure: 25 (2013)
% of fixed employees: 79,17%
% of temporary employees: 20,83%
% of men: 12,50%
% of women: 87,50%
Employees evolution
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
3 |
21 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 100%
Imports from: UE Y OTROS PAISES
SALES
Credit collections: 100%
Export Percentage: 40%
Exports to: UE Y OTROS PAISES
National Distribution: 60%
El 100% de su cifra de negocio corresponde a ventas de productos
terminados.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
|
|
GAVA |
|
|
CAIXABANK, S.A. |
|
|
GAVA |
|
Discount facilities: 1
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Discount
facilities |
Granted limit:2.750.000,00 € Used limit:1.200.210,00
€ Available limit:1.549.790,00
€ Source: Filed
Accounts (2010) |
|
|
|
|
Debt type: Credit policy |
Granted limit:3.514.923,00 € Used limit:2.515.556,00
€ Available limit:999.367,00
€ Source: Filed
Accounts (2010) |
|
|
|
The bank entity with which it currently operates refuses to provide any
kind of information.
Brand name: WFT 2000 WORLD FASHION TEAM 2000 (Valid)
Type: JOINT Scope: NATIONAL Date: 14/05/2008
Brand name: MO CUISHLE (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 15/04/2008
Brand name: COMPANY & CO (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 13/12/1999
Brand name: OUTEREDGE (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 13/12/1999
LEGAL STRUCTURE
Constitution Data
Register Date: 12/01/1999
Register town: Barcelona
Announcement number: 97300
Share capital: 3.005,06 €
Legal form: Sole-partnered Limited Liability Company
Share capital: 200.000,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 20 (Last: 18/05/2011, first:
17/03/1999)
Acts on capital: 1 (Last: 13/01/2006)
Acts on creation: 1 (Last: 17/03/1999)
Acts on filed accounts: 11 (Last: 21/03/2011, first:
04/09/2000)
Acts on identification: 2 (Last: 03/06/2002, first:
26/04/2000)
Acts on Information: 1 (Last: 17/03/1999)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Resignations |
18/05/2011 |
211329 |
Barcelona |
|
Appointments |
18/05/2011 |
211328 |
Barcelona |
|
Annual Filed Accounts (2009) |
21/03/2011 |
109591 |
Barcelona |
|
Annual Filed Accounts (2008) |
17/02/2010 |
101627 |
Barcelona |
|
Appointments |
06/05/2009 |
210174 |
Barcelona |
|
Annual Filed Accounts (2007) |
29/10/2008 |
997505 |
Barcelona |
|
Resignations |
24/04/2008 |
212876 |
Barcelona |
|
Appointments |
21/04/2008 |
204973 |
Barcelona |
|
Appointments |
06/02/2008 |
61601 |
Barcelona |
|
Resignations |
06/02/2008 |
61600 |
Barcelona |
Press articles
No press articles registered for this company
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this
report is extracted from the Mercantile Register file of the legal address of
the Company and dated 26/01/2012.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
663.984,00 |
8,92 |
262.691,00 |
6,02 |
343.029,00 |
7,60 |
|
I. Intangible assets |
138.191,00 |
1,86 |
167.145,00 |
3,83 |
204.408,00 |
4,53 |
|
2. Concessions |
|
|
|
|
2.075,00 |
0,05 |
|
3. Patents, licences , trademarks and similars |
1.969,00 |
0,03 |
2.489,00 |
0,06 |
|
|
|
5. Software |
136.222,00 |
1,83 |
164.656,00 |
3,77 |
202.333,00 |
4,48 |
|
II. Tangible fixed assets |
29.918,00 |
0,40 |
43.483,00 |
1,00 |
115.552,00 |
2,56 |
|
2. Technical fittings and other tangible assets |
29.918,00 |
0,40 |
43.483,00 |
1,00 |
115.552,00 |
2,56 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
488.449,00 |
6,56 |
|
|
|
|
|
2. Credits to companies |
488.449,00 |
6,56 |
|
|
|
|
|
V. Long Term Financial Investments |
7.388,00 |
0,10 |
17.640,00 |
0,40 |
9.588,00 |
0,21 |
|
5. Other financial assets |
7.388,00 |
0,10 |
7.490,00 |
0,17 |
4.588,00 |
0,10 |
|
6. Other investments |
|
|
10.150,00 |
0,23 |
5.000,00 |
0,11 |
|
VI. Assets by deferred taxes |
38,00 |
0,00 |
34.423,00 |
0,79 |
13.481,00 |
0,30 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
6.778.487,00 |
91,08 |
4.099.653,00 |
93,98 |
4.168.827,00 |
92,40 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
933.469,00 |
12,54 |
230.874,00 |
5,29 |
669.899,00 |
14,85 |
|
1. Goods available for sale |
564.211,00 |
7,58 |
220.324,00 |
5,05 |
657.899,00 |
14,58 |
|
6. Pre-payments to suppliers |
369.258,00 |
4,96 |
10.550,00 |
0,24 |
12.000,00 |
0,27 |
|
III. Trade Debtors and other receivable accounts |
5.025.603,00 |
67,53 |
3.251.710,00 |
74,54 |
2.693.858,00 |
59,71 |
|
1. Clients |
4.917.674,00 |
66,08 |
3.211.863,00 |
73,63 |
2.660.731,00 |
58,97 |
|
b) Clients for sales and short term services rendering |
4.917.674,00 |
66,08 |
3.211.863,00 |
73,63 |
2.660.731,00 |
58,97 |
|
3. Other debts |
5.961,00 |
0,08 |
5.902,00 |
0,14 |
|
|
|
5. Assets by current taxes |
196,00 |
0,00 |
16.653,00 |
0,38 |
|
|
|
6. Other credits with the Public Administrations |
101.772,00 |
1,37 |
17.292,00 |
0,40 |
33.127,00 |
0,73 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
2.050,00 |
0,05 |
|
5. Other financial assets |
|
|
|
|
2.050,00 |
0,05 |
|
V. Short term financial investments |
336.718,00 |
4,52 |
760,00 |
0,02 |
6.996,00 |
0,16 |
|
2. Credits to companies |
321.263,00 |
4,32 |
|
|
|
|
|
5. Other financial assets |
15.455,00 |
0,21 |
760,00 |
0,02 |
6.996,00 |
0,16 |
|
VI. Short term periodifications |
31.731,00 |
0,43 |
18.683,00 |
0,43 |
18.481,00 |
0,41 |
|
VII. Cash and equivalents |
450.966,00 |
6,06 |
597.626,00 |
13,70 |
777.543,00 |
17,23 |
|
1. Treasury |
450.966,00 |
6,06 |
597.626,00 |
13,70 |
777.543,00 |
17,23 |
|
TOTAL ASSETS (A + B) |
7.442.471,00 |
100,00 |
4.362.344,00 |
100,00 |
4.511.856,00 |
100,00 |
Net Worth and Liabilities
Figures given in €
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
|
A) NET WORTH |
2.795.710,00 |
37,56 |
2.381.889,00 |
54,60 |
2.042.515,00 |
45,27 |
|
A-1) Equity |
2.795.710,00 |
37,56 |
2.381.889,00 |
54,60 |
2.042.515,00 |
45,27 |
|
I. Capital |
200.000,00 |
2,69 |
200.000,00 |
4,58 |
200.000,00 |
4,43 |
|
1. Authorized capital |
200.000,00 |
2,69 |
200.000,00 |
4,58 |
200.000,00 |
4,43 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
2.181.889,00 |
29,32 |
1.842.515,00 |
42,24 |
1.835.802,00 |
40,69 |
|
1. Legal and statutory |
40.000,00 |
0,54 |
40.000,00 |
0,92 |
40.000,00 |
0,89 |
|
2. Other funds |
2.141.889,00 |
28,78 |
1.802.515,00 |
41,32 |
1.795.802,00 |
39,80 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
-120.284,00 |
-2,67 |
|
2. (Prior years losses) |
|
|
|
|
-120.284,00 |
-2,67 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
413.821,00 |
5,56 |
339.374,00 |
7,78 |
126.997,00 |
2,81 |
|
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 |
66.682,00 |
0,90 |
29.685,00 |
0,68 |
41.600,00 |
0,92 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
23.333,00 |
0,31 |
|
|
12.542,00 |
0,28 |
|
2. Debts with bank entities |
23.333,00 |
0,31 |
|
|
12.542,00 |
0,28 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
43.349,00 |
0,58 |
29.685,00 |
0,68 |
29.058,00 |
0,64 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
4.580.079,00 |
61,54 |
1.950.770,00 |
44,72 |
2.427.741,00 |
53,81 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
3.736.066,00 |
50,20 |
1.133.707,00 |
25,99 |
1.646.786,00 |
36,50 |
|
2. Debts with bank entities |
3.736.066,00 |
50,20 |
1.133.707,00 |
25,99 |
1.646.786,00 |
36,50 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
844.013,00 |
11,34 |
817.063,00 |
18,73 |
780.955,00 |
17,31 |
|
1. Suppliers |
576.260,00 |
7,74 |
566.805,00 |
12,99 |
541.469,00 |
12,00 |
|
b) Short term suppliers |
576.260,00 |
7,74 |
566.805,00 |
12,99 |
541.469,00 |
12,00 |
|
2. Suppliers group and associated companies |
|
|
|
|
20.353,00 |
0,45 |
|
3. Different creditors |
146.665,00 |
1,97 |
139.507,00 |
3,20 |
159.872,00 |
3,54 |
|
4. Staff (pending remunerations) |
3.797,00 |
0,05 |
11.547,00 |
0,26 |
9.014,00 |
0,20 |
|
5. Liabilities by current taxes |
72.836,00 |
0,98 |
|
|
|
|
|
6. Other debts with Public Administrations |
44.455,00 |
0,60 |
99.204,00 |
2,27 |
50.247,00 |
1,11 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
7.442.471,00 |
100,00 |
4.362.344,00 |
100,00 |
4.511.856,00 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
13.602.645,00 |
100,00 |
9.954.512,00 |
100,00 |
9.927.875,00 |
100,00 |
|
A) Sales |
13.602.645,00 |
100,00 |
9.950.137,00 |
99,95 |
9.921.115,00 |
99,93 |
|
b) Services provided |
|
|
4.375,00 |
0,04 |
6.760,00 |
0,07 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
-55.090,00 |
-0,55 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-10.738.145,00 |
-78,94 |
-7.410.154,00 |
-74,44 |
-7.359.105,00 |
-74,12 |
|
a) Material consumed |
-9.346.666,00 |
-68,71 |
-6.567.681,00 |
-65,97 |
-6.162.817,00 |
-62,07 |
|
b) Raw materials consumed |
-258.775,00 |
-1,90 |
-221.491,00 |
-2,22 |
-142.461,00 |
-1,43 |
|
c) Works carried out for other companies |
-1.132.704,00 |
-8,33 |
-676.072,00 |
-6,79 |
-1.053.827,00 |
-10,61 |
|
d) Deterioration on merchandises, raw materials and other supplies |
|
|
55.090,00 |
0,55 |
|
|
|
5. Other operating income |
194,00 |
0,00 |
354,00 |
0,00 |
243,00 |
0,00 |
|
a) Other incomes |
194,00 |
0,00 |
354,00 |
0,00 |
|
|
|
b) Operating grants included in the exercise result |
|
|
|
|
243,00 |
0,00 |
|
6. Labour cost |
-1.300.981,00 |
-9,56 |
-991.176,00 |
-9,96 |
-1.038.440,00 |
-10,46 |
|
a) Wages and similar expenses |
-1.098.418,00 |
-8,07 |
-824.998,00 |
-8,29 |
-853.430,00 |
-8,60 |
|
b) Social costs |
-202.563,00 |
-1,49 |
-166.178,00 |
-1,67 |
-185.010,00 |
-1,86 |
|
7. Other operating costs |
-1.017.058,00 |
-7,48 |
-1.012.579,00 |
-10,17 |
-1.139.784,00 |
-11,48 |
|
a) External services |
-994.393,00 |
-7,31 |
-970.472,00 |
-9,75 |
-998.036,00 |
-10,05 |
|
b) Taxes |
-6.679,00 |
-0,05 |
-6.908,00 |
-0,07 |
-12.835,00 |
-0,13 |
|
c) Losses, deterioration and variation on business operations
provisions |
-15.986,00 |
-0,12 |
-35.199,00 |
-0,35 |
-92.173,00 |
-0,93 |
|
d) Other day to day expenses |
|
|
|
|
-36.740,00 |
-0,37 |
|
8. Amortization of fixed assets |
-58.796,00 |
-0,43 |
-120.614,00 |
-1,21 |
-132.909,00 |
-1,34 |
|
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 |
-331,00 |
0,00 |
|
|
-2.006,00 |
-0,02 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
487.528,00 |
3,58 |
420.343,00 |
4,22 |
200.784,00 |
2,02 |
|
14. Financial income |
4.472,00 |
0,03 |
3.956,00 |
0,04 |
6.326,00 |
0,06 |
|
b) From negotiable values and other financial instruments |
4.472,00 |
0,03 |
3.956,00 |
0,04 |
6.326,00 |
0,06 |
|
b 2) From third parties |
4.472,00 |
0,03 |
3.956,00 |
0,04 |
6.326,00 |
0,06 |
|
15. Financial expenses |
-65.553,00 |
-0,48 |
-38.529,00 |
-0,39 |
-99.481,00 |
-1,00 |
|
b) For debts with third parties |
-65.553,00 |
-0,48 |
-38.529,00 |
-0,39 |
-99.481,00 |
-1,00 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
108.887,00 |
0,80 |
-10.684,00 |
-0,11 |
-12.868,00 |
-0,13 |
|
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) |
47.806,00 |
0,35 |
-45.257,00 |
-0,45 |
-106.023,00 |
-1,07 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
535.334,00 |
3,94 |
375.086,00 |
3,77 |
94.761,00 |
0,95 |
|
20. Taxes on profits |
-121.513,00 |
-0,89 |
-35.712,00 |
-0,36 |
32.236,00 |
0,32 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
413.821,00 |
3,04 |
339.374,00 |
3,41 |
126.997,00 |
1,28 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
413.821,00 |
3,04 |
339.374,00 |
3,41 |
126.997,00 |
1,28 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
413.821,00 |
339.374,00 |
126.997,00 |
|
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) |
413.821,00 |
339.374,00 |
126.997,00 |
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 (2007) |
200.000,00 |
1.953.802,00 |
|
-120.282,00 |
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
200.000,00 |
1.953.802,00 |
|
-120.282,00 |
|
I. Total recognized income and expenses |
|
|
|
126.997,00 |
|
II. Operations with partners or owners |
|
-118.000,00 |
-120.284,00 |
120.282,00 |
|
4. (-) Dividends distribution |
|
-118.000,00 |
|
|
|
6. Net worth increase (reduction) resulting from a business
combination |
|
|
-120.284,00 |
120.282,00 |
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
200.000,00 |
1.835.802,00 |
-120.284,00 |
126.997,00 |
|
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) |
200.000,00 |
1.835.802,00 |
-120.284,00 |
126.997,00 |
|
I. Total recognized income and expenses |
|
|
|
339.374,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
6.713,00 |
120.284,00 |
-126.997,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
200.000,00 |
1.842.515,00 |
|
339.374,00 |
|
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) |
200.000,00 |
1.842.515,00 |
|
339.374,00 |
|
I. Total recognized income and expenses |
|
|
|
413.821,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
339.374,00 |
|
-339.374,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
200.000,00 |
2.181.889,00 |
|
413.821,00 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
2.033.520,00 |
|
||
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
||
|
II. Adjustments by errors in the exercise (2007) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
2.033.520,00 |
|
||
|
I. Total recognized income and expenses |
126.997,00 |
|
||
|
II. Operations with partners or owners |
-118.002,00 |
|
||
|
4. (-) Dividends distribution |
-118.000,00 |
|
||
|
6. Net worth increase (reduction) resulting from a business
combination |
-2,00 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
2.042.515,00 |
|
||
|
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) |
2.042.515,00 |
|
||
|
I. Total recognized income and expenses |
339.374,00 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
2.381.889,00 |
|
||
|
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) |
2.381.889,00 |
|
||
|
I. Total recognized income and expenses |
413.821,00 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
2.795.710,00 |
|
||
CASH FLOW STATUS
Figures given in €
|
|
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
535.334,00 |
375.086,00 |
94.761,00 |
|
2. Results adjustments |
26.978,00 |
145.980,00 |
372.337,00 |
|
a) Amortization of fixed assets (+) |
58.797,00 |
120.614,00 |
132.909,00 |
|
b) Value correction for deterioration (+/-) |
|
-55.090,00 |
|
|
c) Change of Provisions (+/-) |
15.986,00 |
35.199,00 |
146.273,00 |
|
g) Financial income (-) |
-4.472,00 |
-3.956,00 |
-6.326,00 |
|
f) Financial expenses (+) |
65.554,00 |
38.529,00 |
99.481,00 |
|
i) Change difference (+/-) |
-108.887,00 |
10.684,00 |
|
|
3. Changes in current capital |
-2.744.763,00 |
-78.291,00 |
-500.365,00 |
|
a) Stocks (+/-) |
-702.595,00 |
494.115,00 |
-136.066,00 |
|
b) Debtors and other receivable accounts (+/-) |
-1.789.861,00 |
-593.051,00 |
-498.747,00 |
|
c) Other current assets (+/-) |
-338.856,00 |
8.084,00 |
-3.182,00 |
|
d) Creditors and other payable accounts (+/-) |
86.549,00 |
12.561,00 |
121.064,00 |
|
f) Other non-current assets and liabilities (+/-) |
|
|
16.566,00 |
|
4. Other cash flow coming from operating activities |
-85.276,00 |
-77.734,00 |
-60.919,00 |
|
a) Interests payments (-) |
-65.554,00 |
-49.213,00 |
-99.481,00 |
|
c) Interests collections (+) |
4.472,00 |
3.956,00 |
6.326,00 |
|
d) Collections (payments) for profit tax (+/-) |
-24.194,00 |
-32.477,00 |
32.236,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
-2.267.727,00 |
365.041,00 |
-94.186,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-504.727,00 |
-19.337,00 |
-47.525,00 |
|
a) Group and associated companies |
-488.449,00 |
|
|
|
b) Intangible assets |
-11.158,00 |
-1.103,00 |
-17.955,00 |
|
c) Tangible assets |
-5.120,00 |
-10.182,00 |
-10.936,00 |
|
e) Other financial assets |
|
-8.052,00 |
-18.634,00 |
|
7. Disinvestment collections (+) |
102,00 |
|
156.449,00 |
|
e) Other financial assets |
102,00 |
|
150.000,00 |
|
h) Other assets |
|
|
6.449,00 |
|
8. Cash Flow in investment activities (6 + 7) |
-504.625,00 |
-19.337,00 |
108.924,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
|
|
10. Financial liabilities instruments collections and payments |
2.625.692,00 |
-525.621,00 |
662.629,00 |
|
a) Issue |
2.625.692,00 |
|
719.033,00 |
|
2. Debts with bank entities (+) |
2.625.692,00 |
|
719.033,00 |
|
b) Return and amortization of |
|
-525.621,00 |
-56.404,00 |
|
2. Debts with bank entities (-) |
|
-525.621,00 |
-56.404,00 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
-118.000,00 |
|
a) Dividends (-) |
|
|
-118.000,00 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
2.625.692,00 |
-525.621,00 |
544.629,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-146.660,00 |
-179.917,00 |
559.367,00 |
|
Cash or equivalents at the beginning of the exercise |
597.626,00 |
777.543,00 |
218.176,00 |
|
Cash or equivalents at the end of the exercise |
450.966,00 |
597.626,00 |
777.543,00 |
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
2.198.408,00 |
2,30 |
2.148.883,00 |
23,42 |
1.741.086,00 |
|
Working capital ratio |
0,30 |
-38,78 |
0,49 |
25,64 |
0,39 |
|
Soundness Ratio |
4,21 |
-53,58 |
9,07 |
52,44 |
5,95 |
|
Average Collection Period (days) |
133 |
12,84 |
118 |
20,66 |
98 |
|
Average Payment Period (days) |
26 |
-25,77 |
35 |
5,43 |
33 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
148,00 |
-29,58 |
210,16 |
22,39 |
171,72 |
|
Quick Ratio (%) |
17,20 |
-43,92 |
30,67 |
-5,11 |
32,32 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
50,51 |
94,34 |
25,99 |
-29,34 |
36,78 |
|
External Financing Average Cost |
0,02 |
-33,33 |
0,03 |
-50,00 |
0,06 |
|
Debt Service Coverage |
-1,66 |
-153,38 |
3,11 |
117,65 |
-17,62 |
|
Interest Coverage |
7,44 |
-31,81 |
10,91 |
440,10 |
2,02 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-16,67 |
-554,22 |
3,67 |
486,32 |
-0,95 |
|
Auto financing generated by Assets (%) |
-30,47 |
-464,04 |
8,37 |
500,48 |
-2,09 |
|
Breakdown Point |
1,04 |
0,00 |
1,04 |
1,96 |
1,02 |
|
Average Sales Volume per Employee |
566.776,88 |
30,95 |
432.804,87 |
0,27 |
431.646,74 |
|
Average Cost per Employee |
54.207,54 |
25,79 |
43.094,61 |
-4,55 |
45.149,57 |
|
Assets Turnover |
1,83 |
-19,74 |
2,28 |
3,64 |
2,20 |
|
Inventory Turnover (days) |
31 |
180,65 |
11 |
-65,93 |
33 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
6,55 |
-32,05 |
9,64 |
116,63 |
4,45 |
|
Operating Profitability (%) |
7,34 |
-40,81 |
12,40 |
67,57 |
7,40 |
|
Return on Equity (ROE) (%) |
19,15 |
21,59 |
15,75 |
239,44 |
4,64 |
SECTORIAL ANALYSIS
Balance Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
8,92 |
28,04 |
-19,12 |
|
A) CURRENT ASSETS |
91,08 |
71,96 |
19,12 |
|
LIABILITIES |
|||
|
A) NET WORTH |
37,56 |
47,18 |
-9,62 |
|
B) NON CURRENT LIABILITIES |
0,90 |
9,25 |
-8,35 |
|
C) CURRENT LIABILITIES |
61,54 |
43,57 |
17,97 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,79 |
1,21 |
|
Other operating income |
0,00 |
1,21 |
-1,21 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-78,94 |
-63,71 |
-15,23 |
|
Variation in stocks of finished goods and work in progress |
|
0,16 |
|
|
GROSS MARGIN |
21,06 |
36,45 |
-15,39 |
|
Other operating costs |
-7,48 |
-19,22 |
11,74 |
|
Labour cost |
-9,56 |
-9,94 |
0,38 |
|
GROSS OPERATING RESULT |
4,02 |
7,29 |
-3,27 |
|
Amortization of fixed assets |
-0,43 |
-1,32 |
0,89 |
|
Deterioration and result for fixed assets disposal |
|
-0,07 |
|
|
Other expenses / income |
|
0,12 |
|
|
NET OPERATING RESULT |
3,58 |
6,02 |
-2,44 |
|
Financial result |
0,35 |
-0,22 |
0,57 |
|
RESULT BEFORE TAX |
3,94 |
5,81 |
-1,87 |
|
Taxes on profits |
-0,89 |
-1,76 |
0,87 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
3,04 |
4,05 |
-1,01 |
|
Exercise result coming from discontinued operations net of taxes |
|
-0,11 |
|
|
NET RESULT |
3,04 |
3,94 |
-0,90 |
|
Amortization of fixed assets |
-0,43 |
-1,32 |
0,89 |
|
Deterioration and provisions variation |
-0,12 |
-0,41 |
0,29 |
|
|
3,59 |
5,67 |
-2,08 |
Main Ratios
Figures given in €
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
2.198.408,00 |
963.926,80 |
2.470.639,32 |
4.966.604,68 |
|
Working capital ratio |
0,30 |
0,14 |
0,28 |
0,40 |
|
Soundness Ratio |
4,21 |
1,21 |
2,66 |
5,70 |
|
Average Collection Period (days) |
133 |
47 |
91 |
116 |
|
Average Payment Period (days) |
26 |
47 |
70 |
103 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
148,00 |
124,57 |
150,37 |
192,89 |
|
Quick Ratio (%) |
17,20 |
7,27 |
18,73 |
55,26 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
50,51 |
2,50 |
31,37 |
48,06 |
|
External Financing Average Cost |
0,02 |
0,03 |
0,04 |
0,07 |
|
Debt Service Coverage |
-1,66 |
0,18 |
3,77 |
12,23 |
|
Interest Coverage |
7,44 |
1,24 |
4,68 |
15,89 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-16,67 |
1,72 |
3,62 |
6,92 |
|
Auto financing generated by Assets (%) |
-30,47 |
2,45 |
5,34 |
9,44 |
|
Breakdown Point |
1,04 |
1,02 |
1,04 |
1,09 |
|
Average Sales Volume per Employee |
566.776,88 |
188.251,16 |
409.517,07 |
751.438,09 |
|
Average Cost per Employee |
54.207,54 |
22.209,61 |
27.888,53 |
38.397,09 |
|
Assets Turnover |
1,83 |
1,04 |
1,44 |
2,14 |
|
Inventory Turnover (days) |
31 |
29 |
107 |
160 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
6,55 |
2,72 |
5,68 |
10,22 |
|
Operating Profitability (%) |
7,34 |
4,59 |
6,77 |
12,37 |
|
Return on Equity (ROE) (%) |
19,15 |
3,49 |
13,32 |
30,29 |
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 : |
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.