MIRA INFORM REPORT
|
Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
BAHRAIN NUTS SA |
|
|
|
|
Registered Office : |
Calle San Bruno, 4 - 5Ίh, 09007 Burgos |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
04.10.2000 |
|
|
|
|
Legal Form : |
Joint-stock Company |
|
|
|
|
Line of Business : |
Import, export and distribution of nuts. |
|
|
|
|
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 : |
Slow but correct |
|
Litigation : |
Clear |
NOTES
:
Any query related to this report can
be made on e-mail: infodept@mirainform.com while quoting report
number, name and date.
ECGC Country Risk Classification List June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
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
BAHRAIN NUTS SA
CIF/NIF: A09376310
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: BAHRAIN
NUTS SA
Other names: NO
Current Address: CALLE SAN
BRUNO, 4 - 5ΊH
Branches: 1
Telephone number: 947235095
Fax: 947238434
Trade Risk
Incidents: NO
R.A.I.: NO
Financial Information
Balance sheet latest sales (2011): 8.661.289,25 (Mercantile Register)
Result: 40.424,32
Total Assets: 2.711.160,16
Share capital: 60.110,00
Employees: 1
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 04/10/2000
Activity: Traders
NACE 2009 CODE: 4619
International Operations: Imports and Exports
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 19/12/2011 Annual Filed Accounts
Latest press article: No
press articles registered for this company
Bank Entities: There are not
Financial situation
The companys financial situation
is normal.
The companys financial situation
evolution has been stable.
The sales evolution and results has
been negative.
Company Structure
The companys capitalization degree
determines that its structure is normal.
The companys size is
medium 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 |
11 |
There has been a change in the
formula version. |
|
30/08/2012 |
Equal |
13 |
New financial statements have been
uploaded. |
|
08/12/2011 |
Reduction |
13 |
New financial statements have been
uploaded. |
|
03/12/2011 |
Reduction |
14 |
New information has been loaded on
our systems. |
INCIDENTS
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
14/01/2013 08:01:29
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 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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 |
8.661.289,25 |
|
9.284.362,29 |
|
8.042.889,50 |
|
|
GROSS MARGIN |
148.818,96 |
1,72 |
419.346,71 |
4,52 |
132.961,11 |
1,65 |
|
EBITDA |
-34.711,55 |
-0,40 |
217.645,37 |
2,34 |
-42.277,99 |
-0,53 |
|
EBIT |
-36.170,58 |
-0,42 |
216.908,43 |
2,34 |
-43.013,97 |
-0,53 |
|
NET RESULT |
40.424,32 |
0,47 |
41.846,45 |
0,45 |
47.719,23 |
0,59 |
|
EFFECTIVE TAX RATE (%) |
25,00 |
0,00 |
30,04 |
0,00 |
25,00 |
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 |
0,08 |
28,78 |
-28,70 |
|
|
|
|
|
A) CURRENT ASSETS |
99,92 |
71,22 |
28,70 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
18,13 |
41,39 |
-23,26 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
7,29 |
|
|
|
|
|
|
C) CURRENT LIABILITIES |
81,87 |
51,32 |
30,56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT
ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
99,29 |
0,71 |
|
|
|
|
|
GROSS MARGIN |
1,72 |
25,98 |
-24,26 |
|
|
|
|
|
EBITDA |
-0,40 |
4,88 |
-5,29 |
|
|
|
|
|
EBIT |
-0,42 |
3,52 |
-3,94 |
|
|
|
|
|
NET RESULT |
0,47 |
2,05 |
-1,59 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4619
Number of companies: 28
Size (sales figure): 7,000,000.00 - 40,000,000.00
Euros
OTHER DATA FROM THE ANNUAL
FINANCIAL REPORT
Results Distribution
Source: annual financial
report 2011
Figures given in
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
40.424,32 |
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 |
40.424,32 |
Dividends |
0,00 |
|
|
|
Carry over and others |
40.424,32 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
40.424,32 |
ADDRESSES
Current Legal Seat Address:
CALLE SAN BRUNO, 4 - 5ΊH
09007 BURGOS
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE VITORIA, 23 |
09004 |
BURGOS |
Burgos |
There are 1 branches registered
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE GUIOMAR FERNANDEZ, 9 |
09006 |
BURGOS |
Burgos |
There are 1 former branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest
change: 24/07/2006)
Operative Board Members : 3 (latest change:
14/01/2013)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
BARCENILLA MENA, JUAN CARLOS |
24/07/2006 |
|
|
|
|
There are 1 board members, directors and auditors
registered
Board members remuneration
Source: Annual financial report 2011
Board members
remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
Manager |
BARCENILLA MENA, JUAN CARLOS |
|
Financial Manager |
BARCENILLA MENA, JUAN CARLOS |
|
Commercial Director |
BARCENILLA MENA, JUAN CARLOS |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
BARCENILLA MENA JUAN CARLOS |
|
Major. |
OWN SOURCES |
17/09/2012 |
There are 1 direct financial links through
shareholders registered
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: JUAN CARLOS BARCENILLA MENA
|
COMPANY |
POSITION |
PROVINCE |
|
B&M HISPANIA S.A. |
Consejero Delegado |
BURGOS |
In case you need more information you can request:Board
Members Monitoring
Search Criterion: BAHRAIN NUTS SA
URL: www.guias11811.es
Bahrain Nuts - Importaciones en Burgos| Telιfono de
contacto. Telιfono de Bahrain Nuts | Importaciones. Informaciσn
de contacto de Bahrain Nuts en Burgos, , Provincia de Burgos - Burgos, ...
Bahrain Nuts S.a. ...
BUSINESS INFORMATION
Incorporation date: 04/10/2000
Code: 1639000
Activity: Traders
NACE 2009 CODE: 4619
NACE 2009 Activity: Intermediaries in the commerce
of a variety of goods
Business: LA IMPORTACION, EXPORTACION, COMERCIALIZACION
Y OPERACIONES DE MEDIACION DE PRODUCTOS Y MATERIAS PRIMAS PARA LA ALIMENTACION
HUMANA, VESTIDO, CALZADO Y MAQUINARIA INDUSTRIAL ASI COMO LAS ACTIVIDADES
TIPICAS DEL TRAFICO I
Activity description: Importaciσn,
exportaciσn y distribuciσn de frutos secos.
Latest employees figure: 1 (2013)
% of fixed employees: 100,00%
Source: Annual financial
report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Administrative employees |
1 |
|
|
SALES
Export Percentage: 95%
Exports to: UE Y OTROS PAISES
National Distribution: 5%
No bank branches registered
LEGAL STRUCTURE
Constitution Data
Register Date: 04/10/2000
Register town: Burgos
Announcement number: 389540
Legal form: Joint-stock Company
Share capital: 60.110,00
Paid-up capital: 60.110,00
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: 3 (Last:
07/10/2011, first: 10/11/2000)
Acts on capital: 0
Acts on creation: 1 (Last: 10/11/2000)
Acts on filed accounts: 11 (Last:
19/12/2011, first: 13/09/2001)
Acts on identification: 0
Acts on Information: 0
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2010) |
19/12/2011 |
988674 |
Burgos |
|
Re-elections |
07/10/2011 |
399775 |
Burgos |
|
Annual Filed Accounts (2009) |
25/08/2010 |
375082 |
Burgos |
|
Annual Filed Accounts (2008) |
27/11/2009 |
951704 |
Burgos |
|
Annual Filed Accounts (2007) |
23/10/2008 |
944485 |
Burgos |
|
Annual Filed Accounts (2006) |
07/11/2007 |
986917 |
Burgos |
|
Annual Filed Accounts (2005) |
14/11/2006 |
872682 |
Burgos |
|
Re-elections |
24/07/2006 |
377377 |
Burgos |
|
Annual Filed Accounts (2004) |
14/11/2005 |
911982 |
Burgos |
|
Annual Filed Accounts (2003) |
15/10/2004 |
620862 |
Burgos |
There are 15 acts registered
Press articles
No press articles registered for this company
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 30/08/2012.
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 |
2.176,66 |
0,08 |
1.489,57 |
0,05 |
1.517,35 |
0,06 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
2.137,59 |
0,08 |
1.450,50 |
0,05 |
1.478,28 |
0,06 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated
companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
39,07 |
0,00 |
39,07 |
0,00 |
39,07 |
0,00 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
2.708.983,50 |
99,92 |
2.856.208,52 |
99,95 |
2.395.470,63 |
99,94 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
1.400.456,48 |
51,66 |
1.262.469,34 |
44,18 |
811.933,91 |
33,87 |
|
III. Trade Debtors and other receivable accounts |
956.942,36 |
35,30 |
859.765,63 |
30,09 |
1.511.976,70 |
63,08 |
|
1. Clients |
873.113,54 |
32,20 |
811.847,61 |
28,41 |
1.468.024,34 |
61,24 |
|
b) Clients for sales and short term
services rendering |
873.113,54 |
32,20 |
811.847,61 |
28,41 |
1.468.024,34 |
61,24 |
|
3. Other debtors |
83.828,82 |
3,09 |
47.918,02 |
1,68 |
43.952,36 |
1,83 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
75.597,82 |
2,79 |
1.869,02 |
0,07 |
1.869,02 |
0,08 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
275.986,84 |
10,18 |
732.104,53 |
25,62 |
69.691,00 |
2,91 |
|
TOTAL ASSETS (A + B) |
2.711.160,16 |
100,00 |
2.857.698,09 |
100,00 |
2.396.987,98 |
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 |
491.429,27 |
18,13 |
451.004,95 |
15,78 |
409.158,50 |
17,07 |
|
A-1) Equity |
491.429,27 |
18,13 |
451.004,95 |
15,78 |
409.158,50 |
17,07 |
|
I. Capital |
60.110,00 |
2,22 |
60.110,00 |
2,10 |
60.110,00 |
2,51 |
|
1. Authorized capital |
60.110,00 |
2,22 |
60.110,00 |
2,10 |
60.110,00 |
2,51 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
12.022,00 |
0,44 |
12.022,00 |
0,42 |
12.022,00 |
0,50 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
378.872,95 |
13,97 |
337.026,50 |
11,79 |
289.307,27 |
12,07 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
40.424,32 |
1,49 |
41.846,45 |
1,46 |
47.719,23 |
1,99 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
|
|
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 |
2.219.730,89 |
81,87 |
2.406.693,14 |
84,22 |
1.987.829,48 |
82,93 |
|
I. Liabilities related with non-current assets maintained
for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
975.858,54 |
35,99 |
439.237,32 |
15,37 |
1.114.131,63 |
46,48 |
|
3. Other short term debts |
975.858,54 |
35,99 |
439.237,32 |
15,37 |
1.114.131,63 |
46,48 |
|
IV. Short term debts with associated and affiliated
companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
1.243.872,35 |
45,88 |
1.967.455,82 |
68,85 |
873.697,85 |
36,45 |
|
1. Suppliers |
1.053.691,01 |
38,86 |
1.829.004,57 |
64,00 |
715.955,83 |
29,87 |
|
b) Short term suppliers |
1.053.691,01 |
38,86 |
1.829.004,57 |
64,00 |
715.955,83 |
29,87 |
|
2. Other creditors |
190.181,34 |
7,01 |
138.451,25 |
4,84 |
157.742,02 |
6,58 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
2.711.160,16 |
100,00 |
2.857.698,09 |
100,00 |
2.396.987,98 |
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 |
8.661.289,25 |
100,00 |
9.284.362,29 |
100,00 |
8.042.889,50 |
100,00 |
|
2. Variation in stocks of finished goods and work in
progress |
516.740,32 |
5,97 |
71.782,25 |
0,77 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-9.029.210,61 |
-104,25 |
-8.937.097,83 |
-96,26 |
-7.909.928,39 |
-98,35 |
|
5. Other operating income |
|
|
300,00 |
0,00 |
|
|
|
6. Labour cost |
-67.661,31 |
-0,78 |
-66.881,55 |
-0,72 |
-66.651,01 |
-0,83 |
|
7. Other operating costs |
-129.402,69 |
-1,49 |
-137.520,47 |
-1,48 |
-109.713,45 |
-1,36 |
|
8. Amortization of fixed assets |
-1.459,03 |
-0,02 |
-736,94 |
-0,01 |
-735,98 |
-0,01 |
|
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 |
13.533,49 |
0,16 |
2.700,68 |
0,03 |
1.125,36 |
0,01 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 +
10 + 11 + 12 + 13) |
-36.170,58 |
-0,42 |
216.908,43 |
2,34 |
-43.013,97 |
-0,53 |
|
14. Financial income |
9.770,61 |
0,11 |
2.606,76 |
0,03 |
1.717,68 |
0,02 |
|
b) Other financial income |
9.770,61 |
0,11 |
2.606,76 |
0,03 |
1.717,68 |
0,02 |
|
15. Financial expenses |
-10.422,75 |
-0,12 |
-37.045,08 |
-0,40 |
-46.415,84 |
-0,58 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
-18,09 |
0,00 |
|
17. Exchange differences |
90.721,81 |
1,05 |
-122.651,25 |
-1,32 |
151.355,86 |
1,88 |
|
18. Deterioration and result for disposal of financial
instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
90.069,67 |
1,04 |
-157.089,57 |
-1,69 |
106.639,61 |
1,33 |
|
C) RESULT BEFORE TAXES (A + B) |
53.899,09 |
0,62 |
59.818,86 |
0,64 |
63.625,64 |
0,79 |
|
20. Taxes on profits |
-13.474,77 |
-0,16 |
-17.972,41 |
-0,19 |
-15.906,41 |
-0,20 |
|
D) EXERCISE RESULT (C + 20) |
40.424,32 |
0,47 |
41.846,45 |
0,45 |
47.719,23 |
0,59 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
For the financial statements presented under the SMEs model
(PYMES), the Net Worth Changes Status is formed by a single table. For the
rest of the cases there would be shown the two tables corresponding to the
mentioned status with the exception of the company not having operations
reflected in the Status of recognized income and expenses and that, for this
reason, it has no data.
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 1 /2) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS
EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
60.110,00 |
12.022,00 |
249.232,10 |
40.075,17 |
|
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) |
60.110,00 |
12.022,00 |
249.232,10 |
40.075,17 |
|
I. Total recognized income and expenses |
|
|
|
47.719,23 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
40.075,17 |
-40.075,17 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
60.110,00 |
12.022,00 |
289.307,27 |
47.719,23 |
|
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) |
60.110,00 |
12.022,00 |
289.307,27 |
47.719,23 |
|
I. Total recognized income and expenses |
|
|
|
41.846,45 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
47.719,23 |
-47.719,23 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
60.110,00 |
12.022,00 |
337.026,50 |
41.846,45 |
|
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) |
60.110,00 |
12.022,00 |
337.026,50 |
41.846,45 |
|
I. Total recognized income and expenses |
|
|
|
40.424,32 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
41.846,45 |
-41.846,45 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
60.110,00 |
12.022,00 |
378.872,95 |
40.424,32 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
361.439,27 |
|
||
|
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) |
361.439,27 |
|
||
|
I. Total recognized income and expenses |
47.719,23 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
409.158,50 |
|
||
|
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) |
409.158,50 |
|
||
|
I. Total recognized income and expenses |
41.846,45 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
451.004,95 |
|
||
|
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) |
451.004,95 |
|
||
|
I. Total recognized income and expenses |
40.424,32 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
491.429,27 |
|
||
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
489.252,61 |
8,84 |
449.515,38 |
10,27 |
407.641,15 |
|
Working capital ratio |
0,18 |
12,50 |
0,16 |
-5,88 |
0,17 |
|
Soundness Ratio |
225,77 |
-25,43 |
302,78 |
12,28 |
269,65 |
|
Average Collection Period (days) |
40 |
18,28 |
33 |
-50,53 |
68 |
|
Average Payment Period (days) |
49 |
-37,33 |
78 |
99,08 |
39 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
122,04 |
2,83 |
118,68 |
-1,52 |
120,51 |
|
Quick Ratio (%) |
15,84 |
-48,07 |
30,50 |
747,22 |
3,60 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
35,99 |
134,16 |
15,37 |
-66,93 |
46,48 |
|
External Financing Average Cost |
0,01 |
-87,50 |
0,08 |
100,00 |
0,04 |
|
Debt Service Coverage |
23,30 |
125,78 |
10,32 |
-55,11 |
22,99 |
|
Interest Coverage |
-3,47 |
-159,22 |
5,86 |
730,11 |
-0,93 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
0,48 |
4,35 |
0,46 |
-23,33 |
0,60 |
|
Auto financing generated by Assets (%) |
1,54 |
4,03 |
1,49 |
-26,24 |
2,02 |
|
Breakdown Point |
1,00 |
-1,96 |
1,02 |
2,00 |
1,00 |
|
Average Sales Volume per Employee |
8.661.289,25 |
-6,71 |
9.284.362,29 |
130,87 |
4.021.444,75 |
|
Average Cost per Employee |
67.661,31 |
1,17 |
66.881,55 |
100,69 |
33.325,50 |
|
Assets Turnover |
3,20 |
-1,54 |
3,25 |
-3,27 |
3,36 |
|
Inventory Turnover (days) |
56 |
9,93 |
51 |
36,89 |
37 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
-1,33 |
-117,52 |
7,59 |
524,02 |
-1,80 |
|
Operating Profitability (%) |
-1,28 |
-116,80 |
7,62 |
532,95 |
-1,76 |
|
Return on Equity (ROE) (%) |
10,97 |
-17,27 |
13,26 |
-14,73 |
15,55 |
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 |
0,08 |
28,78 |
-28,70 |
|
A) CURRENT ASSETS |
99,92 |
71,22 |
28,70 |
|
LIABILITIES |
|||
|
A) NET WORTH |
18,13 |
41,39 |
-23,26 |
|
B) NON CURRENT LIABILITIES |
|
7,29 |
|
|
C) CURRENT LIABILITIES |
81,87 |
51,32 |
30,56 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
99,29 |
0,71 |
|
Other operating income |
|
0,71 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-104,25 |
-73,88 |
-30,37 |
|
Variation in stocks of finished goods and work in progress |
5,97 |
-0,14 |
6,11 |
|
GROSS MARGIN |
1,72 |
25,98 |
-24,26 |
|
Other operating costs |
-1,49 |
-12,81 |
11,32 |
|
Labour cost |
-0,78 |
-8,81 |
8,03 |
|
GROSS OPERATING RESULT |
-0,56 |
4,36 |
-4,92 |
|
Amortization of fixed assets |
-0,02 |
-0,93 |
0,91 |
|
Deterioration and result for fixed assets disposal |
|
0,02 |
|
|
Other expenses / income |
|
0,07 |
|
|
NET OPERATING RESULT |
-0,42 |
3,52 |
-3,94 |
|
Financial result |
1,04 |
-0,67 |
1,71 |
|
RESULT BEFORE TAX |
0,62 |
2,85 |
-2,23 |
|
Taxes on profits |
-0,16 |
-0,75 |
0,59 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,47 |
2,10 |
-1,63 |
|
Exercise result coming from discontinued operations net of
taxes |
|
-0,05 |
|
|
NET RESULT |
0,47 |
2,05 |
-1,58 |
|
Amortization of fixed assets |
-0,02 |
-0,93 |
0,91 |
|
Deterioration and provisions variation |
-0,02 |
-0,43 |
0,41 |
|
|
0,50 |
3,42 |
-2,92 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
489.252,61 |
348.330,79 |
1.997.918,41 |
3.180.079,70 |
|
Working capital ratio |
0,18 |
0,07 |
0,22 |
0,32 |
|
Soundness Ratio |
225,77 |
0,95 |
1,96 |
3,47 |
|
Average Collection Period (days) |
40 |
33 |
96 |
142 |
|
Average Payment Period (days) |
49 |
52 |
97 |
120 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
122,04 |
112,21 |
133,25 |
176,98 |
|
Quick Ratio (%) |
15,84 |
5,12 |
9,54 |
55,81 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
35,99 |
4,78 |
15,04 |
32,03 |
|
External Financing Average Cost |
0,01 |
0,03 |
0,05 |
0,08 |
|
Debt Service Coverage |
23,30 |
0,47 |
1,98 |
5,10 |
|
Interest Coverage |
-3,47 |
1,77 |
7,18 |
11,17 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
0,48 |
1,31 |
2,60 |
4,78 |
|
Auto financing generated by Assets (%) |
1,54 |
3,24 |
4,21 |
8,20 |
|
Breakdown Point |
1,00 |
1,01 |
1,03 |
1,06 |
|
Average Sales Volume per Employee |
8.661.289,25 |
328.484,66 |
430.004,51 |
739.933,73 |
|
Average Cost per Employee |
67.661,31 |
28.895,24 |
33.884,56 |
50.946,95 |
|
Assets Turnover |
3,20 |
1,10 |
1,78 |
2,75 |
|
Inventory Turnover (days) |
56 |
6 |
31 |
56 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
-1,33 |
1,73 |
4,66 |
9,91 |
|
Operating Profitability (%) |
-1,28 |
4,38 |
6,53 |
11,36 |
|
Return on Equity (ROE) (%) |
10,97 |
4,24 |
11,40 |
25,88 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.87 |
|
UK Pound |
1 |
Rs.85.52 |
|
Euro |
1 |
Rs.71.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.