MIRA
INFORM REPORT
|
Report Date : |
10.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
NIKOLE SA |
|
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Registered Office : |
Avenida Deputacion (Pg Ind Sabon Edf Inditex), S/N 15142 Arteixo La Coru๑a |
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Country : |
Spain |
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Financials (as on) : |
31.01.2012 |
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Date of Incorporation : |
02.04.1982 |
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Legal Form : |
Sole Corporation |
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Line of Business : |
Textile industry |
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No. of Employees : |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
NIKOLE SA
CIF/NIF: A15049299
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: NIKOLE SA
Commercial name: LEFTIES
Other names: YES
Current Address: AVENIDA DEPUTACION (PG IND SABON EDF
INDITEX), S/N
Branches: 1
Telephone number: 981185400 Fax: 981185494
Corporate e-mail: comunicacion@inditex.com
Trade Risk
Incidents: NO
R.A.I.: NO
Financial Information
Balance sheet latest sales (2012): 100.313.045,00 (Mercantile Register)
Result: -1.169.673
Total Assets: 51.990.496
Share capital: 144.243,00
Employees: 69
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 02/04/1982
Activity: Textile industry
NACE 2009 CODE: 1320
International Operations: Imports and
Exports
Corporate Structure
President:
Parent Company:
Participations: 2
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2012
Latest act published in BORME: 16/11/2012 Appointments
Latest press article: 02/12/2009 LA VOZ DE
GALICIA (LEGAL ANNOUNCEMENTS)
Bank Entities: There are not
Rating Explanation
Financial situation
The companys financial situation is unfavourable.
The companys financial situation evolution has been stable.
The sales evolution and results has been negative.
The auditors opinion about the latest accounts has
been favourable.
Company Structure
The companys capitalization degree determines that its structure
is normal.
The companys size is big depending on its sales volume.
The employees evolution has been positive.
Performance and Incidences
The available information indicates that the company does not have
payment incidences.
He have detected no recent legal actions or claims from the
Administration against this company.
Accounts Filing
The company files regularly its accounts.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
20/12/2012 |
Reduction |
8 |
New financial statements have been uploaded. |
|
30/11/2012 |
Reduction |
12 |
There has been a change in the formula version. |
|
07/01/2012 |
Equal |
15 |
There has been a variation in the risk associated to the activity
sector of the company. |
|
05/01/2012 |
Increase |
15 |
New financial statements have been uploaded. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions
ADMINISTRATIVE CLAIMS: No administrative claims
AFFECTED BY: No significant element.
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
12/11/2012 13:11:51
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
|
|
31/01/2012 (12) BALANCE SHEET |
% ASSETS |
31/01/2011 (12) BALANCE SHEET |
% ASSETS |
31/01/2010 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
2.004.398,00 |
3,86 |
610.945,00 |
1,28 |
25.822,00 |
0,10 |
|
B) CURRENT ASSETS |
49.986.098,00 |
96,14 |
46.942.464,00 |
98,72 |
26.572.465,00 |
99,90 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
7.050.116,00 |
13,56 |
7.237.104,00 |
15,22 |
3.408.001,00 |
12,81 |
|
B) NON CURRENT LIABILITIES |
674.072,00 |
1,30 |
283.620,00 |
0,60 |
132.241,00 |
0,50 |
|
C) CURRENT LIABILITIES |
44.266.308,00 |
85,14 |
40.032.685,00 |
84,18 |
23.058.045,00 |
86,69 |
Profit and loss account analysis
Figures given in
|
|
31/01/2012 (12) BALANCE SHEET |
% NET TURNOVER |
31/01/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/01/2010 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
100.313.045,00 |
|
100.904.600,00 |
|
9.126.331,00 |
|
|
GROSS MARGIN |
12.373.468,00 |
12,33 |
18.744.289,00 |
18,58 |
1.659.750,00 |
18,19 |
|
EBITDA |
-1.513.003,00 |
-1,51 |
6.269.996,00 |
6,21 |
15.515,00 |
0,17 |
|
EBIT |
-1.921.779,00 |
-1,92 |
6.251.887,00 |
6,20 |
8.053,00 |
0,09 |
|
NET RESULT |
-1.169.673,00 |
-1,17 |
4.647.616,00 |
4,61 |
105.369,00 |
1,15 |
|
EFFECTIVE TAX RATE (%) |
|
|
|
|
-30,05 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
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|
|
|
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|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
3,86 |
50,84 |
-46,98 |
|
|
|
|
|
A) CURRENT ASSETS |
96,14 |
49,16 |
46,98 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
13,56 |
55,14 |
-41,58 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
1,30 |
16,58 |
-15,28 |
|
|
|
|
|
C) CURRENT LIABILITIES |
85,14 |
28,28 |
56,87 |
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
98,54 |
97,48 |
1,06 |
|
|
|
|
|
GROSS MARGIN |
12,15 |
40,19 |
-28,03 |
|
|
|
|
|
EBITDA |
-1,49 |
4,07 |
-5,55 |
|
|
|
|
|
EBIT |
-1,89 |
-1,05 |
-0,84 |
|
|
|
|
|
NET RESULT |
-1,15 |
-2,19 |
1,04 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 132
Number of companies: 29
Size (sales figure): > 7,000,000.00 Euros
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2011
Figures given in
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
-1.169.672,61 |
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 |
0,00 |
|
Total of Amounts to be distributed |
-1.169.672,61 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
-1.169.672,61 |
|
|
|
Application total |
-1.169.672,61 |
Auditing
Source: filing of annual financial statement 2012
Auditors opinion: FAVOURABLE
Auditor: KPMG AUDITORES S.L.
Auditing fees: 29.253,00
Facts subsequent to the closing
Source: Annual financial report 2011
Following
the acquisition
of 100% equity interest of
society Nikole Design SL in January 2012, the
day February 1, 2012 employees
of the Company pertaining to the areas of design and pattern have been incorporated into the new subsidiary
ADDRESSES
Current Legal Seat Address:
AVENIDA DEPUTACION (PG IND SABON EDF INDITEX), S/N
15142 ARTEIXO LA CORUัA
Characteristics of the current address
Type of establishment: office
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA DE TORDERA (CTRA LOCAL TORDERA
PALAFOLLS), - KM 0.6 |
08490 |
TORDERA |
Barcelona |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
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|
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|
Distribution of the administration board |
|
|
Governing body : 4 members (latest change:
01/09/2010) Other Positions : 40 (latest change: 30/01/2012) Auditor : 2 (latest change: 06/11/2012) Operative Board Members : 1 (latest change: 03/01/2012) Non-current positions : 43 (latest change: 17/04/2012) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
RENON TUNEZ, RAMON |
19/11/2008 |
|
MEMBER OF THE BOARD |
FERNANDEZ FERNANDEZ, IGNACIO |
22/06/2009 |
|
MEMBER OF THE BOARD |
ALDAO CANOSA, GERVASIO |
01/09/2010 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
KPMG AUDITORES SL |
24/01/2011 |
|
AUDITOR |
DELOITTE SL |
06/11/2012 |
There are 46 board members, directors and auditors
Board members remuneration
Source: Annual financial report 2011
Board members remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
Manager |
RENON TUNEZ, RAMON |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
INDUSTRIA DE DISEัO TEXTIL SA |
A15075062 |
100,00 |
OWN SOURCES |
16/10/2012 |
Majority shareholder of INDUSTRIA DE DISEัO TEXTIL SA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GARTLER SL |
B70080601 |
50,01 |
OWN SOURCES |
19/12/2012 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
NIKOLE DISEัO SL. |
B70320213 |
100,00 |
B.O.R.M.E. |
08/02/2012 |
|
|
LEFTIES LOGISTICA SA |
A08478448 |
100,00 |
MERCANTILE REGISTER |
31/01/2012 |
BUSINESS INFORMATION
Incorporation date: 02/04/1982
Code: 1430000
Activity: Textile industry
NACE 2009 CODE: 1320
NACE 2009 Activity: Weaving of textiles
Business: -Manufacturing, marketing IN any stage, import, export and wholesale
and retail of ALL KINDS of textile raw materials, yarn, fabrics
and finished products, apparel
Employees
Latest employees figure: 69 (2012)
% of fixed employees: 69,57%
% of temporary employees: 30,43%
% of men: 28,40%
% of women: 71,60%
Employees evolution
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
23 |
58 |
COMMERCIAL OPERATIONS
SALES
Export Percentage: 16%
Exports to: UNION EUROPEA
National Distribution: 84%
El 100% de su cifra de negocio corresponde a venta de bienes.
No bank branches registered
Brand name: NIKOLE (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 01/04/2009
Brand name: NIKOLE, S.A. (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 16/04/2005
Brand name: NIK OLE (Valid)
Type: JOINT Scope: NATIONAL Date: 01/11/1989
Brand name: YOUTH SCENE (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 01/12/1988
Brand name: RISOTTO (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 16/10/1985
LEGAL
STRUCTURE
Constitution Data
Register Date: 02/04/1982
Legal form: Sole Corporation
Share capital: 144.243,00
Paid-up capital: 144.243,00
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: 14/01/2010)
Acts on administrators: 87 (Last: 16/11/2012, first:
04/10/1990)
Acts on capital: 0
Acts on creation: 0
Acts on filed accounts: 23 (Last: 13/12/2011, first:
11/10/1990)
Acts on identification: 1 (Last: 27/12/2000)
Acts on Information: 5 (Last: 14/01/2010, first:
15/04/1992)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
16/11/2012 |
469402 |
La Coru๑a |
|
Resignations |
26/04/2012 |
183718 |
La Coru๑a |
|
Resignations |
24/02/2012 |
91036 |
La Coru๑a |
|
Appointments |
10/02/2012 |
68533 |
La Coru๑a |
|
Appointments |
26/01/2012 |
38947 |
La Coru๑a |
|
Re-elections |
23/01/2012 |
30559 |
La Coru๑a |
|
Appointments |
20/01/2012 |
27930 |
La Coru๑a |
|
Annual Filed Accounts (2010) |
13/12/2011 |
977673 |
La Coru๑a |
|
Resignations |
04/11/2011 |
437923 |
La Coru๑a |
|
Appointments |
18/07/2011 |
300046 |
La Coru๑a |
PRESS ARTICLES
Press summary by type of information (last five years)
Legal notices: 1 (Last: 02/12/2009)
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 1 (Last: 02/10/2000)
Latest press article published
02/12/2009 LA VOZ DE GALICIA - LEGAL
ANNOUNCEMENTS
GRAL BOARD. THIS SDAD. HELD ON
23/11/09, agreed to modify the objects, will thereafter be: the manufacture, sale, import, export and
wholesale and retail of ALL KINDS
of textile raw materials, yarn,
fabrics, ELEMENTS AND BUILDING MATERIALS
AND DECORATION, STORAGE,
TRANSPORT AND DISTRIBUTION OF ALL KINDS OF RAW MATERIALS or processed products, goods and objects, providing all kinds of logistics, warehouse management, inventory, service
delivery TRADE, SERVICES CORPORATE, drafting and execution of studies and projects, among other activities.
02/10/2000 LA VOZ DE GALICIA - LEGAL
ANNOUNCEMENTS
THE
EXTRAORDINARY GENERAL MEETING OF THE DAY 9/20/00
agreed to transfer the registered office
to the Avenue of the council, Edificio Inditex, Arteixo, A Coru๑a.
Complementary Information
Financial Information
For reasons beyond our control the Deposit Account Registry
of the year 2012,
has been received in error
The stock closed
at 31.01.2010 (Tank 2009) is available at INFORMS,
but there is data in the new financial statements presented incorrectly.
The stock closed
at 31.01.2010 (Tank 2011) is available at INFORMS,
but there is data in the new financial statements presented incorrectly.
For reasons beyond our control the deposit accounts
for 2007 have been received erroneously.
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 19/12/2012.
SITUATION BALANCE-SHEET
Assets
Figures given in
|
|
31/01/2012 (12) |
% ASSETS |
31/01/2011 (12) |
% ASSETS |
31/01/2010 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
2.004.398,00 |
3,86 |
610.945,00 |
1,28 |
25.822,00 |
0,10 |
|
I. Intangible assets |
1.114.495,00 |
2,14 |
630,00 |
0,00 |
|
|
|
3. Patents, licences , trademarks and similars |
560,00 |
0,00 |
630,00 |
0,00 |
|
|
|
5. Software |
20.438,00 |
0,04 |
|
|
|
|
|
7. Other intangible assets |
1.093.497,00 |
2,10 |
|
|
|
|
|
II. Tangible fixed assets |
590.804,00 |
1,14 |
154.025,00 |
0,32 |
25.463,00 |
0,10 |
|
1. Property, plant and equipment |
2.065,00 |
0,00 |
|
|
|
|
|
2. Technical fittings and other tangible assets |
588.739,00 |
1,13 |
130.882,00 |
0,28 |
25.463,00 |
0,10 |
|
3. Fixed assets in progress and advances |
|
|
23.143,00 |
0,05 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
197.292,00 |
0,38 |
97.292,00 |
0,20 |
|
|
|
1. Net worth instruments |
197.292,00 |
0,38 |
97.292,00 |
0,20 |
|
|
|
V. Long Term Financial Investments |
8.207,00 |
0,02 |
8.207,00 |
0,02 |
359,00 |
0,00 |
|
5. Other financial assets |
8.207,00 |
0,02 |
8.207,00 |
0,02 |
359,00 |
0,00 |
|
VI. Assets by deferred taxes |
93.600,00 |
0,18 |
350.791,00 |
0,74 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
49.986.098,00 |
96,14 |
46.942.464,00 |
98,72 |
26.572.465,00 |
99,90 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
17.535.601,00 |
33,73 |
16.852.637,00 |
35,44 |
12.528.889,00 |
47,10 |
|
1. Goods available for sale |
17.535.601,00 |
33,73 |
16.852.637,00 |
35,44 |
12.528.889,00 |
47,10 |
|
III. Trade Debtors and other receivable accounts |
30.120.096,00 |
57,93 |
30.041.503,00 |
63,17 |
11.688.104,00 |
43,94 |
|
1. Clients |
484.118,00 |
0,93 |
71.733,00 |
0,15 |
|
|
|
b) Clients for sales and short term services
rendering |
484.118,00 |
0,93 |
71.733,00 |
0,15 |
|
|
|
2. Clients group and associated companies |
28.493.893,00 |
54,81 |
27.039.405,00 |
56,86 |
10.450.388,00 |
39,29 |
|
3. Other debts |
|
|
831.300,00 |
1,75 |
216,00 |
0,00 |
|
4. Staff |
7.121,00 |
0,01 |
3.638,00 |
0,01 |
|
|
|
6. Other credits with the Public Administrations |
1.134.964,00 |
2,18 |
2.095.427,00 |
4,41 |
1.237.500,00 |
4,65 |
|
IV. Short term investments in associated and affiliated companies |
396.876,00 |
0,76 |
1.197,00 |
0,00 |
2.350.876,00 |
8,84 |
|
2. Credits to companies |
396.876,00 |
0,76 |
1.197,00 |
0,00 |
2.350.876,00 |
8,84 |
|
V. Short term financial investments |
1.909.096,00 |
3,67 |
|
|
|
|
|
4. By-products |
1.909.096,00 |
3,67 |
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
24.429,00 |
0,05 |
47.127,00 |
0,10 |
4.596,00 |
0,02 |
|
1. Treasury |
24.429,00 |
0,05 |
47.127,00 |
0,10 |
4.596,00 |
0,02 |
|
TOTAL ASSETS (A + B) |
51.990.496,00 |
100,00 |
47.553.409,00 |
100,00 |
26.598.287,00 |
100,00 |
Net Worth and Liabilities
Figures given in
|
|
31/01/2012 (12) |
% ASSETS |
31/01/2011 (12) |
% ASSETS |
31/01/2010 (12) |
% ASSETS |
|
A) NET WORTH |
7.050.116,00 |
13,56 |
7.237.104,00 |
15,22 |
3.408.001,00 |
12,81 |
|
A-1) Equity |
6.885.944,00 |
13,24 |
8.055.617,00 |
16,94 |
3.408.001,00 |
12,81 |
|
I. Capital |
144.243,00 |
0,28 |
144.243,00 |
0,30 |
144.243,00 |
0,54 |
|
1. Authorized capital |
144.243,00 |
0,28 |
144.243,00 |
0,30 |
144.243,00 |
0,54 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
7.721.866,00 |
14,85 |
3.074.250,00 |
6,46 |
2.968.881,00 |
11,16 |
|
1. Legal and statutory |
21.636,00 |
0,04 |
28.848,00 |
0,06 |
28.848,00 |
0,11 |
|
2. Other funds |
7.700.230,00 |
14,81 |
3.045.402,00 |
6,40 |
2.940.033,00 |
11,05 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
189.508,00 |
0,36 |
189.508,00 |
0,40 |
189.508,00 |
0,71 |
|
VII. Exercise Result |
-1.169.673,00 |
-2,25 |
4.647.616,00 |
9,77 |
105.369,00 |
0,40 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
164.172,00 |
0,32 |
-818.513,00 |
-1,72 |
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
164.172,00 |
0,32 |
-818.513,00 |
-1,72 |
|
|
|
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 |
674.072,00 |
1,30 |
283.620,00 |
0,60 |
132.241,00 |
0,50 |
|
I. Long term provisions |
494.997,00 |
0,95 |
163.141,00 |
0,34 |
|
|
|
4. Other provisions |
494.997,00 |
0,95 |
163.141,00 |
0,34 |
|
|
|
II. Long term debts |
|
|
|
|
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
179.075,00 |
0,34 |
120.479,00 |
0,25 |
132.241,00 |
0,50 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
44.266.308,00 |
85,14 |
40.032.685,00 |
84,18 |
23.058.045,00 |
86,69 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
10.491,00 |
0,02 |
7.135,00 |
0,02 |
38.223,00 |
0,14 |
|
2. Debts with bank entities |
10.491,00 |
0,02 |
7.135,00 |
0,02 |
|
|
|
5. Other financial liabilities |
|
|
|
|
38.223,00 |
0,14 |
|
IV. Short term debts with associated and affiliated companies |
20.414.019,00 |
39,26 |
11.493.533,00 |
24,17 |
97.752,00 |
0,37 |
|
V. Trade creditors and other payable accounts |
23.841.798,00 |
45,86 |
28.532.017,00 |
60,00 |
22.922.070,00 |
86,18 |
|
1. Suppliers |
6.867.144,00 |
13,21 |
6.125.034,00 |
12,88 |
5.487.388,00 |
20,63 |
|
b) Short term suppliers |
6.867.144,00 |
13,21 |
6.125.034,00 |
12,88 |
5.487.388,00 |
20,63 |
|
2. Suppliers group and associated companies |
13.536.767,00 |
26,04 |
18.555.693,00 |
39,02 |
15.343.715,00 |
57,69 |
|
3. Different creditors |
1.205.214,00 |
2,32 |
1.386.302,00 |
2,92 |
725.596,00 |
2,73 |
|
4. Staff (pending remunerations) |
475.881,00 |
0,92 |
111.574,00 |
0,23 |
255.183,00 |
0,96 |
|
6. Other debts with Public Administrations |
1.732.792,00 |
3,33 |
2.184.827,00 |
4,59 |
1.110.188,00 |
4,17 |
|
7. Clients pre-payments |
24.000,00 |
0,05 |
168.587,00 |
0,35 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
51.990.496,00 |
100,00 |
47.553.409,00 |
100,00 |
26.598.287,00 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in
|
|
31/01/2012 (12) |
%OPERATING INCOME |
31/01/2011 (12) |
%OPERATING INCOME |
31/01/2010 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
100.313.045,00 |
98,54 |
100.904.600,00 |
99,96 |
9.126.331,00 |
99,91 |
|
A) Sales |
100.313.045,00 |
98,54 |
100.904.600,00 |
99,96 |
9.126.331,00 |
99,91 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
1.424.604,00 |
1,40 |
|
|
|
|
|
4. Supplies |
-89.430.849,00 |
-87,85 |
-82.196.465,00 |
-81,43 |
-7.475.091,00 |
-81,83 |
|
a) Material consumed |
-88.176.802,00 |
-86,61 |
-81.675.309,00 |
-80,91 |
-6.600.749,00 |
-72,26 |
|
b) Raw materials consumed |
-191.864,00 |
-0,19 |
-28.249,00 |
-0,03 |
3.237,00 |
0,04 |
|
c) Works carried out for other companies |
-1.062.183,00 |
-1,04 |
-492.907,00 |
-0,49 |
-877.579,00 |
-9,61 |
|
5. Other operating income |
66.668,00 |
0,07 |
36.154,00 |
0,04 |
8.510,00 |
0,09 |
|
a) Other incomes |
59.667,00 |
0,06 |
34.151,00 |
0,03 |
8.510,00 |
0,09 |
|
b) Operating grants included in the exercise result |
7.001,00 |
0,01 |
2.003,00 |
0,00 |
|
|
|
6. Labour cost |
-4.427.289,00 |
-4,35 |
-3.631.716,00 |
-3,60 |
-674.910,00 |
-7,39 |
|
a) Wages and similar expenses |
-3.568.973,00 |
-3,51 |
-3.057.124,00 |
-3,03 |
-606.483,00 |
-6,64 |
|
b) Social costs |
-858.316,00 |
-0,84 |
-574.592,00 |
-0,57 |
-68.427,00 |
-0,75 |
|
7. Other operating costs |
-9.147.182,00 |
-8,99 |
-8.837.577,00 |
-8,76 |
-969.325,00 |
-10,61 |
|
a) External services |
-9.117.272,00 |
-8,96 |
-8.820.475,00 |
-8,74 |
-955.011,00 |
-10,45 |
|
b) Taxes |
-3.475,00 |
0,00 |
-16.874,00 |
-0,02 |
-11.212,00 |
-0,12 |
|
d) Other day to day expenses |
-26.435,00 |
-0,03 |
-228,00 |
0,00 |
-3.102,00 |
-0,03 |
|
8. Amortization of fixed assets |
-413.776,00 |
-0,41 |
-18.109,00 |
-0,02 |
-7.462,00 |
-0,08 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
5.000,00 |
0,00 |
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-312.000,00 |
-0,31 |
-5.000,00 |
0,00 |
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
-1.921.779,00 |
-1,89 |
6.251.887,00 |
6,19 |
8.053,00 |
0,09 |
|
14. Financial income |
|
|
|
|
5.371,00 |
0,06 |
|
b) From negotiable values and other financial instruments |
|
|
|
|
5.371,00 |
0,06 |
|
b 1) From group and associated companies |
|
|
|
|
5.371,00 |
0,06 |
|
15. Financial expenses |
-250.633,00 |
-0,25 |
-70.075,00 |
-0,07 |
-2.761,00 |
-0,03 |
|
a) For debts with associated and affiliated companies |
-246.062,00 |
-0,24 |
-68.744,00 |
-0,07 |
-2.761,00 |
-0,03 |
|
b) For debts with third parties |
-4.571,00 |
0,00 |
-1.331,00 |
0,00 |
|
|
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
500.500,00 |
0,49 |
461.758,00 |
0,46 |
-317.812,00 |
-3,48 |
|
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) |
249.867,00 |
0,25 |
391.683,00 |
0,39 |
-315.202,00 |
-3,45 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
-1.671.912,00 |
-1,64 |
6.643.570,00 |
6,58 |
-307.149,00 |
-3,36 |
|
20. Taxes on profits |
|
|
|
|
92.313,00 |
1,01 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
-1.671.912,00 |
-1,64 |
6.643.570,00 |
6,58 |
-214.836,00 |
-2,35 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
502.239,00 |
0,49 |
-1.995.954,00 |
-1,98 |
320.205,00 |
3,51 |
|
A.5) EXERCISE RESULT (A.4 + 21) |
-1.169.673,00 |
-1,15 |
4.647.616,00 |
4,60 |
105.369,00 |
1,15 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in
|
NET WORTH CHANGES (1/3) |
31/01/2012 (12) |
31/01/2011 (12) |
31/01/2010 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
-1.169.673,00 |
4.647.616,00 |
105.369,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
234.531,00 |
|
|
|
2. Other income / expenses |
234.531,00 |
|
|
|
II. Cash flow coverage |
|
-1.169.304,00 |
|
|
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 |
-70.359,00 |
350.791,00 |
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
164.172,00 |
-818.513,00 |
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
1.169.304,00 |
|
|
|
X. Received legacies, grants and subventions |
|
|
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
-350.791,00 |
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
818.513,00 |
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
-186.988,00 |
3.829.103,00 |
105.369,00 |
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
OTHER LOANS FROM PARTNERS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
144.243,00 |
2.639.892,00 |
|
189.508,00 |
|
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) |
144.243,00 |
2.639.892,00 |
|
189.508,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
328.989,00 |
-328.989,00 |
|
|
7. Other operations with partners or owners |
|
328.989,00 |
-328.989,00 |
|
|
III. Other net worth variations |
|
|
328.989,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
144.243,00 |
2.968.881,00 |
|
189.508,00 |
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
144.243,00 |
2.968.881,00 |
|
189.508,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
105.369,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
144.243,00 |
3.074.250,00 |
|
189.508,00 |
|
I. Adjustments by change of criteria in the exercise (2011) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2011) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2012) |
144.243,00 |
3.074.250,00 |
|
189.508,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
4.647.616,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2012) |
144.243,00 |
7.721.866,00 |
|
189.508,00 |
|
NET WORTH CHANGES ( 3 /3) |
EXERCISE RESULT |
VALUE CHANGES ADJUSTMENT |
TOTAL |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
328.989,00 |
|
3.302.632,00 |
|
|
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) |
328.989,00 |
|
3.302.632,00 |
|
|
I. Total recognized income and expenses |
105.369,00 |
|
105.369,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
7. Other operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-328.989,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
105.369,00 |
|
3.408.001,00 |
|
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
105.369,00 |
|
3.408.001,00 |
|
|
I. Total recognized income and expenses |
4.647.616,00 |
-818.513,00 |
3.829.103,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-105.369,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
4.647.616,00 |
-818.513,00 |
7.237.104,00 |
|
|
I. Adjustments by change of criteria in the exercise (2011) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2011) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2012) |
4.647.616,00 |
-818.513,00 |
7.237.104,00 |
|
|
I. Total recognized income and expenses |
-1.169.673,00 |
982.685,00 |
-186.988,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-4.647.616,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2012) |
-1.169.673,00 |
164.172,00 |
7.050.116,00 |
|
CASH FLOW STATUS
Figures given in
|
|
31/01/2012 (12) |
31/01/2011 (12) |
31/01/2010 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
-1.671.912,00 |
6.643.570,00 |
150.623,00 |
|
2. Results adjustments |
335.044,00 |
1.093.911,00 |
366.502,00 |
|
a) Amortization of fixed assets (+) |
413.776,00 |
18.109,00 |
15.318,00 |
|
c) Change of Provisions (+/-) |
327.285,00 |
161.810,00 |
|
|
e) Results for decline and disposal of fixed assets (+/-) |
|
|
20.828,00 |
|
g) Financial income (-) |
|
|
-5.371,00 |
|
f) Financial expenses (+) |
250.633,00 |
70.075,00 |
40.135,00 |
|
i) Change difference (+/-) |
-656.650,00 |
843.917,00 |
295.592,00 |
|
3. Changes in current capital |
-5.301.673,00 |
-19.088.269,00 |
5.485.598,00 |
|
a) Stocks (+/-) |
-682.964,00 |
-4.323.748,00 |
-10.519.202,00 |
|
b) Debtors and other receivable accounts (+/-) |
-78.593,00 |
-18.353.399,00 |
745.480,00 |
|
d) Creditors and other payable accounts (+/-) |
-4.540.116,00 |
3.596.726,00 |
15.242.265,00 |
|
e) Other current liabilities (+/-) |
|
|
11.826,00 |
|
f) Other non-current assets and liabilities (+/-) |
|
-7.848,00 |
5.229,00 |
|
4. Other cash flow coming from operating activities |
-2.007.717,00 |
-57.017,00 |
-324.045,00 |
|
a) Interests payments (-) |
|
|
-227.640,00 |
|
d) Collections (payments) for profit tax (+/-) |
-2.007.717,00 |
-57.017,00 |
-96.405,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
-8.646.258,00 |
-11.407.805,00 |
5.678.678,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-2.063.134,00 |
-274.684,00 |
-2.345.505,00 |
|
a) Group and associated companies |
-100.000,00 |
-97.292,00 |
-2.345.505,00 |
|
b) Intangible assets |
-1.447.619,00 |
-700,00 |
|
|
c) Tangible assets |
-515.515,00 |
-176.692,00 |
|
|
7. Disinvestment collections (+) |
1.197,00 |
2.349.679,00 |
5.380,00 |
|
a) Group and associated companies |
1.197,00 |
2.349.679,00 |
|
|
c) Tangible assets |
|
|
5.380,00 |
|
8. Cash Flow in investment activities (6 + 7) |
-2.061.937,00 |
2.074.995,00 |
-2.340.125,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
|
|
10. Financial liabilities instruments collections and payments |
10.685.497,00 |
9.375.341,00 |
-3.339.308,00 |
|
a) Issue |
10.685.497,00 |
9.376.338,00 |
|
|
1. Debentures and other negotiable values (+) |
|
9.376.338,00 |
|
|
2. Debts with bank entities (+) |
3.356,00 |
|
|
|
3. Debts with group and associated companies (+) |
10.682.141,00 |
|
|
|
b) Return and amortization of |
|
-997,00 |
-3.339.308,00 |
|
2. Debts with bank entities (-) |
|
-997,00 |
|
|
3. Debts with group and associated companies (-) |
|
|
-3.339.308,00 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
10.685.497,00 |
9.375.341,00 |
-3.339.308,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-22.698,00 |
42.531,00 |
-755,00 |
|
Cash or equivalents at the beginning of the exercise |
47.127,00 |
4.596,00 |
5.351,00 |
|
Cash or equivalents at the end of the exercise |
24.429,00 |
47.127,00 |
4.596,00 |
RATIOS
|
|
31/01/2012 (12) |
CHANGE % |
31/01/2011 (12) |
CHANGE % |
31/01/2010 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
5.719.790,00 |
-17,22 |
6.909.779,00 |
96,61 |
3.514.420,00 |
|
Working capital ratio |
0,11 |
-21,43 |
0,14 |
7,69 |
0,13 |
|
Soundness Ratio |
3,44 |
-73,92 |
13,19 |
-90,01 |
131,98 |
|
Average Collection Period (days) |
108 |
0,67 |
107 |
-76,74 |
461 |
|
Average Payment Period (days) |
162 |
2,05 |
158 |
-83,86 |
981 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
112,92 |
-3,70 |
117,26 |
1,75 |
115,24 |
|
Quick Ratio (%) |
4,37 |
3.541,67 |
0,12 |
500,00 |
0,02 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
39,28 |
62,38 |
24,18 |
4.643,14 |
0,51 |
|
External Financing Average Cost |
0,01 |
0,00 |
0,01 |
-50,00 |
0,02 |
|
Debt Service Coverage |
-2,36 |
-133,66 |
-1,01 |
-5.150,00 |
0,02 |
|
Interest Coverage |
-7,67 |
-108,60 |
89,22 |
2.955,48 |
2,92 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-8,62 |
23,78 |
-11,31 |
-118,18 |
62,22 |
|
Auto financing generated by Assets (%) |
-16,63 |
30,68 |
-23,99 |
-212,37 |
21,35 |
|
Breakdown Point |
0,98 |
-8,41 |
1,07 |
7,00 |
1,00 |
|
Average Sales Volume per Employee |
1.453.812,25 |
-35,16 |
2.242.324,44 |
293,12 |
570.395,69 |
|
Average Cost per Employee |
64.163,61 |
-20,50 |
80.704,80 |
91,33 |
42.181,88 |
|
Assets Turnover |
1,93 |
-8,96 |
2,12 |
523,53 |
0,34 |
|
Inventory Turnover (days) |
71 |
-4,39 |
74 |
-87,77 |
603 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
-3,70 |
-128,14 |
13,15 |
43.733,33 |
0,03 |
|
Operating Profitability (%) |
-2,89 |
-121,91 |
13,18 |
21.883,33 |
0,06 |
|
Return on Equity (ROE) (%) |
-24,28 |
-129,44 |
82,47 |
1.015,32 |
-9,01 |
SECTORIAL ANALYSIS
Balance Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
3,86 |
50,84 |
-46,98 |
|
A) CURRENT ASSETS |
96,14 |
49,16 |
46,98 |
|
LIABILITIES |
|||
|
A) NET WORTH |
13,56 |
55,14 |
-41,58 |
|
B) NON CURRENT LIABILITIES |
1,30 |
16,58 |
-15,28 |
|
C) CURRENT LIABILITIES |
85,14 |
28,28 |
56,87 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
98,54 |
97,48 |
1,06 |
|
Other operating income |
1,46 |
2,52 |
-1,06 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-87,85 |
-58,67 |
-29,18 |
|
Variation in stocks of finished goods and work in progress |
|
-1,14 |
|
|
GROSS MARGIN |
12,15 |
40,19 |
-28,04 |
|
Other operating costs |
-8,99 |
-19,36 |
10,37 |
|
Labour cost |
-4,35 |
-17,12 |
12,77 |
|
GROSS OPERATING RESULT |
-1,18 |
3,71 |
-4,89 |
|
Amortization of fixed assets |
-0,41 |
-4,75 |
4,34 |
|
Deterioration and result for fixed assets disposal |
|
-0,06 |
|
|
Other expenses / income |
|
0,04 |
|
|
NET OPERATING RESULT |
-1,89 |
-1,05 |
-0,84 |
|
Financial result |
0,25 |
-1,91 |
2,16 |
|
RESULT BEFORE TAX |
-1,64 |
-2,96 |
1,32 |
|
Taxes on profits |
|
0,77 |
|
|
RESULT COMING FROM CONTINUED OPERATIONS |
-1,64 |
-2,19 |
0,55 |
|
Exercise result coming from discontinued operations net of taxes |
0,49 |
0,00 |
0,49 |
|
NET RESULT |
-1,15 |
-2,19 |
1,04 |
|
Amortization of fixed assets |
-0,41 |
-4,75 |
4,34 |
|
Deterioration and provisions variation |
-0,40 |
-0,37 |
-0,03 |
|
|
-0,34 |
2,93 |
-3,27 |
Main Ratios
Figures given in
|
|
COMPANY (2012) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
5.719.790,00 |
2.467.681,46 |
4.459.030,13 |
6.925.376,17 |
|
Working capital ratio |
0,11 |
0,18 |
0,28 |
0,46 |
|
Soundness Ratio |
3,44 |
0,94 |
1,72 |
3,38 |
|
Average Collection Period (days) |
108 |
90 |
117 |
128 |
|
Average Payment Period (days) |
162 |
79 |
111 |
133 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
112,92 |
152,63 |
170,59 |
221,25 |
|
Quick Ratio (%) |
4,37 |
6,88 |
13,00 |
35,17 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
39,28 |
10,72 |
25,76 |
37,68 |
|
External Financing Average Cost |
0,01 |
0,04 |
0,05 |
0,08 |
|
Debt Service Coverage |
-2,36 |
1,00 |
3,34 |
8,32 |
|
Interest Coverage |
-7,67 |
0,60 |
1,07 |
2,59 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-8,62 |
1,08 |
3,35 |
7,72 |
|
Auto financing generated by Assets (%) |
-16,63 |
1,06 |
3,87 |
7,08 |
|
Breakdown Point |
0,98 |
1,00 |
1,02 |
1,04 |
|
Average Sales Volume per Employee |
1.453.812,25 |
131.392,39 |
174.804,22 |
260.694,71 |
|
Average Cost per Employee |
64.163,61 |
26.603,60 |
28.720,19 |
31.923,81 |
|
Assets Turnover |
1,93 |
0,68 |
0,93 |
1,22 |
|
Inventory Turnover (days) |
71 |
91 |
144 |
256 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
-3,70 |
0,54 |
1,55 |
3,82 |
|
Operating Profitability (%) |
-2,89 |
2,07 |
5,95 |
8,70 |
|
Return on Equity (ROE) (%) |
-24,28 |
-0,82 |
1,61 |
4,86 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.96 |
|
UK Pound |
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.71.92 |
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 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.