MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
FERTILINK SL |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.2009 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of industrial chemical products |
|
|
|
|
No. of Employees : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
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 0.3% in 2010; GDP expanded 0.4% in 2011, before contracting 1.4%
in 2012. The economy has once again fallen into recession as deleveraging in
the private sector, fiscal consolidation, and continued high unemployment weigh
on domestic demand and investment, even as exports have shown signs of
resiliency. The unemployment rate rose from a low of about 8% in 2007 to 26.0%
in 2012. The economic downturn has also hurt Spain's public finances. The
government budget deficit peaked at 11.2% of GDP in 2010 and the process to
reduce this imbalance has been slow despite the central government's efforts to
raise new tax revenue and cut spending. Spain reduced its budget deficit to
9.4% of GDP in 2011, and roughly 7.4% of GDP in 2012, above the 6.3% target
negotiated between Spain and the EU. Although Spain's large budget deficit and
poor economic growth prospects remain a source of concern for foreign
investors, the government's ongoing efforts to cut spending and introduce
flexibility into the labor markets are intended to assuage these concerns. The
government is also taking steps to shore up the banking system, namely by using
up to $130 billion in EU funds to recapitalize struggling banks exposed to the
collapsed domestic construction and real estate sectors.
|
Source
: CIA |
Company name
FERTILINK SL
CIF/NIF: B93025807
Company situation: Active
Answer to the data in your request
The data of your request have been confirmed and are correct.
Address
The address mentioned in your request is a branch
The address mentioned in your request CL LONDRES ROYAL LAS BRISAS
BUSINESS CENTRE, MARBELLA is an activity address.
Financial Information
The last filed accounts of the subject presented in the Trade Register
corresponds to the 2011 exercise.
EXECUTIVE SUMMARY
Identification
Current Business Name: FERTILINK SL
Other names: YES
Current Address: CALLE VELAZQUEZ, 126 - PISO
7 AB 28006 MADRID
Branches: 2
Telephone number: 952816227 Fax: 951239228
URL: www.fertilink.com
Corporate e-mail: sales@fertilink.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 (2011): 134.230,00 € (Mercantile Register)
Result: 6.198,45 €
Total Assets: 60.691,54 €
Share capital: 3.006,00 €
Employees: 1
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 02/10/2009
Activity: Wholesale of industrial chemical
products
NACE 2009 CODE: 4675
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: 07/07/2011 Change of registered
address
Latest press article: No press articles registered for this
company
Bank Entities: There are not
The date when this report was last updated is 01/07/2013.
The information contained in this report has been investigated and
contrasted on 01/07/2013
Rating Explanation
Financial situation
The company’s financial situation is unfavourable.
The sales evolution and results has been positive.
Company Structure
The company’s capitalization degree determines that its structure
is weak.
The company’s size is very small depending on its sales
volume.
The employees evolution has been stable.
Performance and Incidences
The available information indicates that the company does not have
payment incidences.
He have detected no recent legal actions or claims from the
Administration against this company.
Accounts Filing
The company files regularly its accounts.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
04/12/2012 |
Reduction |
6 |
New financial statements have been uploaded. |
|
30/11/2012 |
Equal |
10 |
There has been a change in the formula version. |
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
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI -
SECTORIAL DEFAULTS OF PAYMENT
There is no information related to the nif/cif consulted in the in the
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT file
This information comes from Experian Bureau Empresarial Service,
property of Experian Bureau de Crédito S.A. It could just be used for businessmen
or professionals and for the own aims of the business, and could not be
transferred or transmitted to third parties, copied, duplicate or reproduce,
nor incorporate to any owned or external database, or reuse it in any direct or
indirect way. Experian Bureau de Crédito S.A. may file you for damages it may
suffer in case of breaching any of the afore mentioned obligations. Experian
would not be responsible of the lack of accuracy in the supplied information
when it coincides with the one supplied by the creditor entities.
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
25/06/2013 11:06:08
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL
COMPARATIVE
FINANCIAL ELEMENTS
Figures given in €
|
|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
A) NON CURRENT ASSETS |
1.083,18 |
1,78 |
1.083,18 |
17,42 |
|
B) CURRENT ASSETS |
59.608,36 |
98,22 |
5.133,83 |
82,58 |
|
LIABILITIES |
|
|
|
|
|
A) NET WORTH |
-48.787,90 |
-80,39 |
-54.986,35 |
-884,45 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
C) CURRENT LIABILITIES |
109.479,44 |
180,39 |
61.203,36 |
984,45 |
Profit and loss account analysis
Figures given in €
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
134.230,00 |
|
79.451,08 |
|
|
GROSS MARGIN |
41.076,13 |
30,60 |
16.539,76 |
20,82 |
|
EBITDA |
6.198,45 |
4,62 |
-49.506,35 |
-62,31 |
|
EBIT |
6.198,45 |
4,62 |
-50.047,94 |
-62,99 |
|
NET RESULT |
6.198,45 |
4,62 |
-50.047,65 |
-62,99 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
1,78 |
34,19 |
-32,41 |
|
|
|
|
|
A) CURRENT ASSETS |
98,22 |
65,81 |
32,41 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
-80,39 |
44,45 |
-124,84 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
16,00 |
|
|
|
|
|
|
C) CURRENT LIABILITIES |
180,39 |
39,55 |
140,84 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
98,72 |
1,28 |
|
|
|
|
|
GROSS MARGIN |
30,60 |
35,44 |
-4,84 |
|
|
|
|
|
EBITDA |
4,62 |
4,94 |
-0,32 |
|
|
|
|
|
EBIT |
4,62 |
3,14 |
1,48 |
|
|
|
|
|
NET RESULT |
4,62 |
2,01 |
2,61 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4675
Number of companies: 928
Size (sales figure): 0 - 2,800,000.00 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 |
6.198,45 |
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 |
6.198,45 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
6.198,45 |
|
|
|
Application total |
6.198,45 |
ADDRESSES
Current Legal Seat Address:
CALLE VELAZQUEZ, 126 - PISO 7 AB
28006 MADRID
Previous Seat Address:
CALLE LONDRES (ROYAL LAS BRISAS. BUSINESS CENTRE) S/N
NUEVA ANDALUCIA 29660 MARBELLA MÁLAGA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE LONDRES (ROYAL LAS BRISAS BUSINESS CENTRE), S/N |
29660 |
MARBELLA |
Málaga |
|
CALLE ZINC (- PG LA ERMITA), 112 - A |
29603 |
MARBELLA |
Málaga |
There are 2 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
28/06/2011)
Other Positions : 4 (latest change: 28/06/2011)
Operative Board Members : 1 (latest change: 27/07/2011)
Non-current positions : 1 (latest change: 28/06/2011)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
FRICK EDWAN ERINA, MARIA |
28/06/2011 |
|
|
|
|
There are 5 board members, directors and auditors registered
|
POSITION |
NAME AND SURNAME |
|
Manager |
JIMENEZ, SEBASTIAN |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ABOULFATH LAHBIB |
|
100,00 |
OWN SOURCES |
27/07/2011 |
There are 1 direct financial links through shareholders
registered
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”MARIA FRICK EDWAN ERINA”
|
COMPANY |
POSITION |
PROVINCE |
|
FERTILINK SL |
Administrador Único |
MADRID |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”FERTILINK SL”
URL: www.agroterra.co.uk
Fertilink S.l - Fertilink Is a Company Dedicated To The Production Of
...
Fertilink S.l - Fertilink Is a Company Dedicated To The Production Of Foliar
Fertilizers (Liquid And Solid) Stim... - Supplier information - Agroterra
Fertilink Is a ...
URL: www.agroterra.co.uk
Fungicides - Agroterra Productos Agrícolas Macasa S. L. ·
Dispensers Of Sol. ... Supplier: Berlin Export International S.l Contact now.
Sales area: .... Supplier: Fertilink S.l Contact now.
URL: www.boe.es
borme-a-2009-209-29 - BOE.es 2 Nov 2009 ... 458422 - FERTILINK SL.
Constitución. Comienzo de operaciones: 2.10.09. Objeto social: a) La
exportación, importación, compraventa al por ...
URL: www.researchgate.net
View - ResearchGate jects FERTILINK and COMPENDIUM) and in part
by the Society for Reproduction .... [52] T.M. Wilkes, A.S. Devonshire, S.L.
Ellison, C.A. Foy, BMC Res. Notes 3 ...
BUSINESS INFORMATION
Incorporation date: 02/10/2009
Establishment date: 01/01/2009
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Wholesale of industrial chemical products
NACE 2009 CODE: 4675
NACE 2009 Activity: Wholesale of chemical products
Business: A) EXPORT, IMPORT, WHOLESALE PURCHASE OR
LESS, THE MARKETING AND DISTRIBUTION
OF ALL KINDS OF FERTILIZERS, PESTICIDES PESTICIDES, PLASTIC
GREENHOUSES, PLANTS, TREES, POTS, PARTS
Activity description: Is a company dedicated to the production of foliar fertilizers (liquid and solid),
stimulants, proofreaders, humic acids, and disinfectants.
Latest employees figure: 1 (2011)
% of fixed employees: 100,00%
% of men: 100,00%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
1 |
|
COMMERCIAL OPERATIONS
PURCHASES
Imports from: MARRUECOS
SALES
Exports to: CEE
No bank branches registered
Brand name: FERTILINK (Valid)
Type: JOINT Scope: NATIONAL Date: 27/11/2009
There are 1 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 02/10/2009
Register town: Málaga
Announcement number: 458422
Register data:
Volume 4689, Book 3597, Folio 184, Section 8, Sheet 102912,
Inscription I/A 1 (2009-10-19)
Share capital: 3.006 €
Legal form: Limited Liability Company
Share capital: 3.006,00 €
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: 07/07/2011, first:
02/11/2009)
Acts on capital: 0
Acts on creation: 1 (Last: 02/11/2009)
Acts on filed accounts: 1 (Last: 22/09/2010)
Acts on identification: 1 (Last: 07/07/2011)
Acts on Information: 1 (Last: 02/11/2009)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Change of registered address |
07/07/2011 |
287476 |
Madrid |
|
Appointments |
07/07/2011 |
287476 |
Madrid |
|
Resignations |
07/07/2011 |
287476 |
Madrid |
|
Annual Filed Accounts (2009) |
22/09/2010 |
649501 |
Málaga |
|
Appointments |
02/11/2009 |
458422 |
Málaga |
|
Declaration of individual ownership |
02/11/2009 |
458422 |
Málaga |
|
Constitution |
02/11/2009 |
458422 |
Málaga |
There are 7 acts registered
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 03/12/2012.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
1.083,18 |
1,78 |
1.083,18 |
17,42 |
|
I. Intangible assets |
|
|
|
|
|
II. Tangible fixed assets |
1.083,18 |
1,78 |
1.083,18 |
17,42 |
|
III. Real-estate investments |
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
V. Long Term Financial Investments |
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
B) CURRENT ASSETS |
59.608,36 |
98,22 |
5.133,83 |
82,58 |
|
I. Stocks |
|
|
|
|
|
II. Trade Debtors and other receivable accounts |
48.035,34 |
79,15 |
2.945,93 |
47,38 |
|
1. Clients |
43.720,00 |
72,04 |
|
|
|
b) Clients for sales and short term services
rendering |
43.720,00 |
72,04 |
|
|
|
3. Other debtors |
4.315,34 |
7,11 |
2.945,93 |
47,38 |
|
III. Short term investments in associated and affiliated companies |
|
|
|
|
|
IV. Short term financial investments |
|
|
|
|
|
V. Short term periodifications |
|
|
|
|
|
VI. Cash and equivalents |
11.573,02 |
19,07 |
2.187,90 |
35,19 |
|
TOTAL ASSETS (A + B) |
60.691,54 |
100,00 |
6.217,01 |
100,00 |
Net Worth and Liabilities
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
|
A) NET WORTH |
-48.787,90 |
-80,39 |
-54.986,35 |
-884,45 |
|
A-1) Equity |
-48.787,90 |
-80,39 |
-54.986,35 |
-884,45 |
|
I. Capital |
3.006,00 |
4,95 |
3.006,00 |
48,35 |
|
1. Authorized capital |
3.006,00 |
4,95 |
3.006,00 |
48,35 |
|
II. Issue premium |
|
|
|
|
|
III. Reserves |
|
|
|
|
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
V. Results from previous years |
-57.992,35 |
-95,55 |
-7.944,70 |
-127,79 |
|
VI. Other loans from partners |
|
|
|
|
|
VII. Exercise Result |
6.198,45 |
10,21 |
-50.047,65 |
-805,01 |
|
VIII. (Interim dividend) |
|
|
|
|
|
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 |
109.479,44 |
180,39 |
61.203,36 |
984,45 |
|
I. Short term provisions |
|
|
|
|
|
II. Short term debts |
80.780,44 |
133,10 |
59.040,32 |
949,66 |
|
3. Other short term debts |
80.780,44 |
133,10 |
59.040,32 |
949,66 |
|
III. Short term debts with associated and affiliated companies |
|
|
|
|
|
IV. Trade creditors and other payable accounts |
28.699,00 |
47,29 |
2.163,04 |
34,79 |
|
1. Suppliers |
28.380,00 |
46,76 |
|
|
|
b) Short term suppliers |
28.380,00 |
46,76 |
|
|
|
2. Other creditors |
319,00 |
0,53 |
2.163,04 |
34,79 |
|
V. Short term periodifications |
|
|
|
|
|
VI. Short term debts with special characteristics |
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
60.691,54 |
100,00 |
6.217,01 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
134.230,00 |
100,00 |
79.451,08 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
4. Supplies |
-93.153,87 |
-69,40 |
-62.911,32 |
-79,18 |
|
5. Other operating income |
|
|
|
|
|
6. Labour cost |
-17.399,80 |
-12,96 |
-35.568,36 |
-44,77 |
|
7. Other operating costs |
-17.477,88 |
-13,02 |
-30.477,75 |
-38,36 |
|
8. Amortization of fixed assets |
|
|
-541,59 |
-0,68 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
12. Other results |
|
|
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) |
6.198,45 |
4,62 |
-50.047,94 |
-62,99 |
|
13. Financial income |
|
|
0,29 |
0,00 |
|
b) Other financial income |
|
|
0,29 |
0,00 |
|
14. Financial expenses |
|
|
|
|
|
15. Reasonable value variation on financial instruments |
|
|
|
|
|
16. Exchange differences |
|
|
|
|
|
17. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
18. Other financial income and expenses |
|
|
|
|
|
B) FINANCIAL RESULT (13 + 14 + 15 + 16 + 17 + 18) |
|
|
0,29 |
0,00 |
|
C) RESULT BEFORE TAXES (A + B) |
6.198,45 |
4,62 |
-50.047,65 |
-62,99 |
|
19. Taxes on profits |
|
|
|
|
|
D) EXERCISE RESULT (C + 19) |
6.198,45 |
4,62 |
-50.047,65 |
-62,99 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
For the financial statements presented under the SME’s 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 /1) |
AUTHORIZED CAPITAL |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.006,00 |
-7.944,70 |
|
-4.938,70 |
|
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) |
3.006,00 |
-7.944,70 |
|
-4.938,70 |
|
I. Profit and loss account result |
|
|
-50.047,65 |
-50.047,65 |
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
3.006,00 |
-7.944,70 |
-50.047,65 |
-54.986,35 |
|
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) |
3.006,00 |
-7.944,70 |
-50.047,65 |
-54.986,35 |
|
I. Profit and loss account result |
|
|
6.198,45 |
6.198,45 |
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
-50.047,65 |
50.047,65 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
3.006,00 |
-57.992,35 |
6.198,45 |
-48.787,90 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
|
BALANCE RATIOS |
|||
|
Working Capital (€) |
-49.871,08 |
11,05 |
-56.069,53 |
|
Working capital ratio |
-0,82 |
90,91 |
-9,02 |
|
Soundness Ratio |
-45,04 |
11,27 |
-50,76 |
|
Average Collection Period (days) |
129 |
867,57 |
13 |
|
Average Payment Period (days) |
93 |
1.026,09 |
8 |
|
LIQUIDITY RATIOS |
|||
|
Current Ratio (%) |
54,45 |
548,99 |
8,39 |
|
Quick Ratio (%) |
10,57 |
195,25 |
3,58 |
|
DEBT RATIOS |
|||
|
Borrowing percentage (%) |
133,10 |
-85,98 |
949,66 |
|
Debt Service Coverage |
13,03 |
1.194,96 |
-1,19 |
|
GENERAL AND ACTIVITIES RATIOS |
|||
|
Auto financing generated by sales (%) |
4,62 |
107,41 |
-62,31 |
|
Auto financing generated by Assets (%) |
10,21 |
101,28 |
-796,30 |
|
Breakdown Point |
1,05 |
72,13 |
0,61 |
|
Average Sales Volume per Employee |
134.230,00 |
68,95 |
79.451,08 |
|
Average Cost per Employee |
17.399,80 |
-51,08 |
35.568,36 |
|
Assets Turnover |
2,21 |
-82,71 |
12,78 |
|
RESULTS RATIOS |
|||
|
Return on Assets (ROA) (%) |
10,21 |
101,27 |
-805,02 |
|
Operating Profitability (%) |
10,21 |
101,28 |
-796,30 |
|
Return on Equity (ROE) (%) |
-12,70 |
-113,95 |
91,02 |
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 |
1,78 |
34,19 |
-32,41 |
|
A) CURRENT ASSETS |
98,22 |
65,81 |
32,41 |
|
LIABILITIES |
|||
|
A) NET WORTH |
-80,39 |
44,45 |
-124,84 |
|
B) NON CURRENT LIABILITIES |
|
16,00 |
|
|
C) CURRENT LIABILITIES |
180,39 |
39,55 |
140,84 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,72 |
1,28 |
|
Other operating income |
|
1,28 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-69,40 |
-64,91 |
-4,49 |
|
Variation in stocks of finished goods and work in progress |
|
0,35 |
|
|
GROSS MARGIN |
30,60 |
35,44 |
-4,84 |
|
Other operating costs |
-13,02 |
-14,00 |
0,98 |
|
Labour cost |
-12,96 |
-16,64 |
3,68 |
|
GROSS OPERATING RESULT |
4,62 |
4,80 |
-0,18 |
|
Amortization of fixed assets |
|
-1,85 |
|
|
Deterioration and result for fixed assets disposal |
|
0,03 |
|
|
Other expenses / income |
|
0,16 |
|
|
NET OPERATING RESULT |
4,62 |
3,14 |
1,48 |
|
Financial result |
|
-0,35 |
|
|
RESULT BEFORE TAX |
4,62 |
2,79 |
1,83 |
|
Taxes on profits |
|
-0,78 |
|
|
RESULT COMING FROM CONTINUED OPERATIONS |
4,62 |
2,01 |
2,61 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
4,62 |
2,01 |
2,61 |
|
Amortization of fixed assets |
|
-1,85 |
|
|
Deterioration and provisions variation |
|
0,05 |
|
|
|
4,62 |
3,81 |
0,81 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-49.871,08 |
23.596,39 |
108.296,73 |
253.193,45 |
|
Working capital ratio |
-0,82 |
0,08 |
0,25 |
0,45 |
|
Soundness Ratio |
-45,04 |
0,79 |
1,80 |
4,49 |
|
Average Collection Period (days) |
129 |
54 |
87 |
135 |
|
Average Payment Period (days) |
93 |
72 |
108 |
171 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
54,45 |
113,91 |
153,64 |
246,47 |
|
Quick Ratio (%) |
10,57 |
7,01 |
24,07 |
68,45 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
133,10 |
3,11 |
18,99 |
39,47 |
|
External Financing Average Cost |
|
0,02 |
0,05 |
0,09 |
|
Debt Service Coverage |
13,03 |
0,00 |
2,18 |
9,35 |
|
Interest Coverage |
|
1,00 |
2,01 |
8,04 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
4,62 |
0,83 |
2,51 |
6,14 |
|
Auto financing generated by Assets (%) |
10,21 |
1,04 |
3,41 |
7,09 |
|
Breakdown Point |
1,05 |
1,00 |
1,02 |
1,06 |
|
Average Sales Volume per Employee |
134.230,00 |
98.810,42 |
159.412,21 |
273.201,89 |
|
Average Cost per Employee |
17.399,80 |
17.236,24 |
25.419,22 |
34.125,49 |
|
Assets Turnover |
2,21 |
0,78 |
1,29 |
1,93 |
|
Inventory Turnover (days) |
0 |
25 |
67 |
150 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
10,21 |
0,56 |
3,07 |
6,52 |
|
Operating Profitability (%) |
10,21 |
2,08 |
5,16 |
9,61 |
|
Return on Equity (ROE) (%) |
-12,70 |
0,32 |
4,52 |
15,26 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.15 |
|
|
1 |
Rs.90.05 |
|
Euro |
1 |
Rs.77.06 |
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.