MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
LABORATORIOS SYVA SA |
|
|
|
|
Registered Office : |
Calle Marques De La Ensenada, 16 - Plt 7 Apart. 18 28004 Madrid |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.01.1988 |
|
|
|
|
Legal Form : |
Sole Corporation |
|
|
|
|
Line of Business : |
Manufacture of pharmaceutical preparations |
|
|
|
|
No. of Employees : |
167 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
LABORATORIOS SYVA SA
CIF/NIF: A78633856
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: LABORATORIOS SYVA SA
Commercial name: LABORATORIOS SYVA, S.A.
Other names: YES
Current Address: CALLE MARQUES DE LA
ENSENADA, 16 - PLT 7 APART. 18
Branches: 2
Telephone number: 987800800 Fax: 987802452
URL: www.syva.es
Corporate e-mail: personal@syva.es
Trade Risk
Credit appraisal: 520.000,00 €
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2011): 28.661.461,00 € (Mercantile Register)
Result: 1.246.580 €
Total Assets: 41.099.374 €
Share capital: 2.373.950,00 €
Employees: 167
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 15/01/1988
Activity: Mfg. of pharm. Preparations
NACE 2009 CODE: 2120
International Operations: Imports and
Exports
Corporate Structure
United Administrator:
Parent Company:
INDUSTRIAS Y
ALMACENES PABLOS SA
Participations: 2
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 19/03/2013 Other concepts
Latest press article: 21/02/2013 DIARIO DE
LEON (GENERAL INFORMATION)
Bank Entities: There are
|
Exercise:2011 |
|
||
|
Immediate
liquidity |
Good |
|
|
|
Indebtedness |
Slight |
|
|
|
Profitability |
Good |
|
|
|
Soundness |
Good |
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Excellent |
Rating Explanation
Financial situation
•
The company’s financial situation is normal.
•
The sales evolution and results has
been negative.
•
The auditor’s opinion about the latest accounts has
been favourable.
Company Structure
•
The company’s capitalization degree determines that
its structure is sound.
•
The company’s size is medium depending
on its sales volume.
•
The employees evolution has been negative.
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 |
13 |
•
There has been a change in the formula version. |
|
15/10/2012 |
Equal |
14 |
•
New financial statements have been uploaded. |
|
07/02/2012 |
Increase |
14 |
•
New financial statements have been uploaded. |
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
26/06/2013 08:06:03
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL
COMPARATIVE
FINANCIAL ELEMENTS
Figures given in €
|
|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
26.170.869,00 |
63,68 |
29.221.402,00 |
72,32 |
32.403.878,00 |
72,49 |
|
B) CURRENT ASSETS |
14.928.505,00 |
36,32 |
11.185.769,00 |
27,68 |
12.294.383,00 |
27,51 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
26.745.186,00 |
65,07 |
26.000.461,00 |
64,35 |
24.619.303,00 |
55,08 |
|
B) NON CURRENT LIABILITIES |
6.309.444,00 |
15,35 |
6.070.894,00 |
15,02 |
8.438.843,00 |
18,88 |
|
C) CURRENT LIABILITIES |
8.044.744,00 |
19,57 |
8.335.816,00 |
20,63 |
11.640.115,00 |
26,04 |
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 |
28.661.461,00 |
|
29.646.888,00 |
|
24.291.298,00 |
|
|
GROSS MARGIN |
18.018.790,00 |
62,87 |
18.537.389,00 |
62,53 |
17.536.805,00 |
72,19 |
|
EBITDA |
5.522.897,00 |
19,27 |
6.110.495,00 |
20,61 |
5.044.422,00 |
20,77 |
|
EBIT |
1.871.454,00 |
6,53 |
2.495.551,00 |
8,42 |
1.105.811,00 |
4,55 |
|
NET RESULT |
1.246.580,00 |
4,35 |
1.883.013,00 |
6,35 |
553.343,00 |
2,28 |
|
EFFECTIVE TAX RATE (%) |
28,30 |
0,00 |
23,29 |
0,00 |
16,23 |
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 |
63,68 |
54,20 |
9,48 |
|
A) CURRENT ASSETS |
36,32 |
45,80 |
-9,48 |
|
LIABILITIES |
|||
|
A) NET WORTH |
65,07 |
49,56 |
15,51 |
|
B) NON CURRENT LIABILITIES |
15,35 |
18,28 |
-2,93 |
|
C) CURRENT LIABILITIES |
19,57 |
32,16 |
-12,59 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
98,71 |
94,16 |
4,55 |
|
GROSS MARGIN |
62,06 |
63,35 |
-1,29 |
|
EBITDA |
19,02 |
14,17 |
4,85 |
|
EBIT |
6,45 |
8,35 |
-1,90 |
|
NET RESULT |
4,29 |
5,95 |
-1,66 |
Sector Composition
Compared sector (NACE 2009): 212
Number of companies: 45
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 |
1.246.580,00 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
1.246.580,00 |
|
Total of Amounts to be distributed |
1.246.580,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
1.246.580,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE
Auditor: ERNST & YOUNG S.L.
Auditing fees: 21.150,00 €
Facts subsequent to the closing
Source: Annual financial report 2011
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
ADDRESSES
Current Legal Seat Address:
CALLE MARQUES DE LA ENSENADA, 16 - PLT 7 APART. 18
28004 MADRID
Previous Seat Address:
CALLE GENOVA 20
28004 MADRID
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA PARROCO PABLO DIEZ, 49 |
24010 |
SAN ANDRES DEL RABANEDO |
León |
|
AVENIDA PORTUGAL (PQ TECNOLOGICO PARC M-15 M-16), S/N |
24009 |
LEON |
León |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CAMINO LAS TORRES, 45 |
50008 |
ZARAGOZA |
Saragossa |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 2 members (latest change:
19/07/2006) Other Positions : 5 (latest change: 05/04/2001) Auditor : 2 (latest change: 28/11/2012) Operative Board Members : 4 (latest change: 16/05/2006) Non-current positions : 9 (latest change: 17/01/2008) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
UNITED ADMINISTRATOR |
PABLOS ALONSO, EZEQUIEL |
19/07/2006 |
|
UNITED ADMINISTRATOR |
PABLOS ALONSO, FERNANDO |
19/07/2006 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
ERNST & YOUNG SL |
30/11/2010 |
|
AUDITOR |
KPMG AUDITORES SL |
28/11/2012 |
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
BASCUÑAN HERRERA, LUIS |
|
Financial Manager |
LINACERO FERNANDEZ, MAXIMO RAMON |
|
Commercial Director |
MUÑIZ IGLESIAS, ENRIQUE |
|
Operations Director |
FERNANDEZ SOUTO, JAIME |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
INDUSTRIAS Y ALMACENES PABLOS SA |
A24000630 |
100,00 |
OWN SOURCES |
02/07/2012 |
Majority shareholder of INDUSTRIAS Y ALMACENES PABLOS SA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TAUT SL |
B78055498 |
50,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
LABORATORIOS SYVA BRASIL LTDA |
BRAZIL |
1,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
UNIVET TUNISIE LTDA |
TUNISIA |
Indef. |
MERCANTILE REGISTER |
31/12/2000 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
FARBIOL SL (EXTINGUIDA) |
B28218006 |
100,00 |
MERCANTILE REGISTER |
31/12/1997 |
|
|
SYVA C V SL |
B81263733 |
0,20 |
MERCANTILE REGISTER |
31/12/1995 |
|
|
IAPSA PORTUGUESA PECUARIA LTD |
PORTUGAL |
0,10 |
MERCANTILE REGISTER |
31/12/2007 |
Company with
rating inferior to 7
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”FERNANDO PABLOS ALONSO”
|
COMPANY |
POSITION |
PROVINCE |
|
GENOVA, SA |
Presidente |
MADRID |
|
MONTE GENIL, SA, SICAV |
Presidente |
MADRID |
|
SEVLON, SA |
Vicepresidente |
MADRID |
|
IPASOCIADOS CORREDURIA DE SEGUROS DEL GRUPO INMOBILIARIA HENARES SL |
Vicepresidente |
LEON |
|
MUSIC ALCHEMY SL |
Administrador Único |
MADRID |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: "SYVA
LABORATORIES SA"
URL: www.syva.es
Syva Laboratories, pioneers in animal health. SYVA Laboratories
Company dedicated to the research and
manufacture of veterinary products for the prevention and control of animal diseases.
URL: expomatch.vivasia.nl
Syva laboratories, S.A. - LEON | Expo Match VIV Asia 2013 is a company Laboratorios Syva
Committed to the development,
manufacturing and marketing of medicines and
vaccines for veterinary use.
URL: proultry.com
Syva laboratories, s.a. - | PROultry.com,
poultry for professionals SYVA Laboratories is a company
dedicated to the research and
manufacture of veterinary products for the prevention and control of diseases ...
URL: www.avicultura.com
-LABORATORIES SA SYVA
| Avicultura.comavicultura.com, 2 Jan 2013
... SYVA Laboratories, in partnership with the University of León, organized every year
since 1997, the AWARD SYVA
to the best doctoral thesis ...
URL: www.ediporcguia.com
* SYVA LABORATORIES,
SA | Ediporc Guide
SYVA LABORATORIES, SA. address: PASTOR PAUL
AVENUE DÍEZ, 49-57.
population: LEON. cp: 24010. province:
LEON. phone: 987
800 800. fax:.
BUSINESS INFORMATION
Incorporation date: 15/01/1988
Code: 1254200
Activity: Mfg. of pharm. Preparations
NACE 2009 CODE: 2120
NACE 2009 Activity: Manufacture of pharmaceutical preparations
Business: MANUFACTURING,
MARKETING, IMPORT AND EXPORT OF ANIMAL HEALTH PRODUCTS INTENDED FOR ANIMAL HEALTH AND NUTRITION,
HEALTH-THE VETERINARY
TECHNICAL ASSISTANCE, SUCH PROVISION OF SERVICES ACTIVITIES.
Environmental information: YES (Page 66 -
67) Annual financial report 2011
Latest employees figure: 167 (2012)
% of fixed employees: 85,63%
% of temporary employees: 14,37%
% of men: 46,63%
% of women: 53,37%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
76 |
87 |
PURCHASES
Import Percentage: 17%
Imports from: UNIÓN EUROPEA Y OTROS PAÍSES
National Distribution: 83%
SALES
Export Percentage: 36%
Exports to: UNIÓN EUROPEA Y OTROS PAÍSES
National Distribution: 64%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
INDUSTRIAS Y
ALMACENES PABLOS SA |
NO |
• The 99.78% of
its turnover corresponds to net product sales Bio, Pharma and Nutrition.
• The 0.22%
of its turnover corresponds
to service delivery.
Professional and advertising services
Source: Annual financial report 2011
Professional services
expenses: 581.564,00 €
Advertising services expenses: 382.159,00 €
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAIXABANK, S.A. |
2115 |
C. ORDOÑO II, 26 |
LEON |
León |
|
BANCO POPULAR ESPAÑOL, S.A. |
0184 |
ORDOÑO II, 13 |
LEON |
León |
|
BANKINTER, S.A. |
0240 |
ORDO/O II,27 |
LEON |
León |
|
BANCO SANTANDER, S.A. |
5000 |
CL ORDOÑO II 15 APDO. 00000 |
LEON |
León |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
2362 |
PL. SANTO DOMINGO, 9 - PL. 3. |
LEON |
León |
Discount facilities: 1
Credit policy: 0
Mortgage loan: 0
Loans with no real security: 2
|
|
|
|
Debt type: Discount
facilities |
Granted limit:4.628.126,00 € Used limit:2.564.793,00
€ Available limit:2.063.333,00
€ Source: Filed
Accounts (2011) |
|
|
|
|
Entity:BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Debt type: Loans with no
real security |
Granted amount:4.500.000,00 € Long term outstanding
amount:4.500.000,00 € Short term outstanding
amount:0,00 € Total outstanding amount:4.500.000,00
€ Source: Filed
Accounts (2011) |
|
Operation description: Vencimiento 2016. |
|
|
|
|
|
Entity:BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Debt type:Loans with no
real security Expiry date: 21/12/2012 |
Granted amount:5.000.000,00 € Long term outstanding
amount:0,00 € Short term outstanding
amount:1.000.000,00 € Total outstanding amount:1.000.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
Grants
|
|
|
|
Body-entity: JUNTA DE CASTILLA Y LEON Grant type: For fixed
assets acquisition |
Amount received in the exercise: 17.297,00 € Amount pending collection:
2.423,00 € Source: Filed
Accounts (2011) |
|
Operation description: Inversión en planta de fabricación. |
|
|
|
|
|
Body-entity: AGENCIA DE DESARROLLO ECONÓMICO DE CASTILLA Y
LEÓN Grant type: Projects
development or business enlargement or improvement |
Amount received in the exercise: 5.367,00 € Amount pending collection:
1.334,00 € Source: Filed
Accounts (2011) |
|
Operation description: Optimización de la producción |
|
|
|
|
|
Body-entity: AGENCIA DE DESARROLLO ECONÓMICO DE CASTILLA Y
LEÓN Grant type: Other grants
(grouped amounts or not classified) |
Amount received in the exercise: 1.336,00 € Amount pending collection:
3.744,00 € Source: Filed
Accounts (2011) |
|
Operation description: Inversión en planta de fabricación. |
|
|
|
|
Brand name: MARBOSYVA (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 08/11/2012
Brand name: MARBONIS (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 31/10/2012
Brand name: MARBOQUINOL (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 24/05/2012
Brand name: FLORFENIS (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 15/12/2011
Brand name: MEGANYL (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 15/12/2011
LEGAL STRUCTURE
Constitution Data
Register Date: 15/01/1988
Legal form: Sole Corporation
Share capital: 2.373.950,00 €
Paid-up capital: 2.373.950,00 €
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: 02/06/1994)
Acts on administrators: 34 (Last: 07/12/2012, first:
15/03/1990)
Acts on capital: 8 (Last: 01/06/2005, first:
30/09/1991)
Acts on creation: 0
Acts on filed accounts: 20 (Last: 26/01/2011, first:
29/08/1990)
Acts on identification: 2 (Last: 15/12/1998, first:
31/10/1991)
Acts on Information: 11 (Last: 19/03/2013, first:
21/10/1991)
Acts on proceedings: 2 (Last: 16/03/1998, first:
15/04/1997)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Other concepts |
19/03/2013 |
130239 |
Madrid |
|
Appointments |
07/12/2012 |
506861 |
Madrid |
|
Re-elections |
22/09/2011 |
381233 |
Madrid |
|
Re-elections |
16/08/2011 |
338830 |
Madrid |
|
Annual Filed Accounts (2009) |
26/01/2011 |
49546 |
Madrid |
|
Re-elections |
30/11/2010 |
442442 |
Madrid |
|
Annual Filed Accounts (2008) |
01/12/2009 |
963897 |
Madrid |
|
Re-elections |
10/11/2009 |
468756 |
Madrid |
|
Re-elections |
15/12/2008 |
574918 |
Madrid |
|
Annual Filed Accounts (2007) |
13/11/2008 |
1093070 |
Madrid |
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 2 (Last: 20/09/2008, first: 19/09/2008)
Informative data: 1 (Last: 21/02/2013)
Financial Information: 1 (Last: 31/12/2010)
Negative information: 0
Business lines: 0
Historical press releases: 7 (Last: 01/10/2007, first:
26/04/1994)
Latest press article published
21/02/2013 DIARIO DE LEON - GENERAL INFORMATION
CALIER LABORATORIES, one of the companies place yourself in the nursery of the European Business and Innovation (Ceei) of Leon, made the highest bid of the two presented to clinch the building located in the industrial area of
León. It has also submitted a bid SYVA LABORATORIES,
which has its historical facilities
Pastor Pablo Avenue
Díez and most
modern ships in the Technological
Park of León. The board of directors of the public company CEEICAL meets 02/21/13 to
consider the bid. CALIER LABORATORIES
has submitted a financial offer of 2.54 billion euros,
while SYVA LABORATORIES raised an offer of
1,102 million euros.
31/12/2010 TRIBUNA DE
SALAMANCA (Page 42) FINANCIAL DATA
The Governing Council of the Junta de Castilla y León grant 30/12/10
approved five grants totaling EUR 3.938.3034
to finance two projects whose planned investment exceeds 27 million. Council
President explained that the purpose of these grants is to
maintain 718 jobs and create another 67 new
jobs. Of the five projects, two
will take place in the towns of Burgos and Leon, by Desmasa
companies and SYVA
LABORATORIES, respectively. The other three
recipients are HUF SPAIN, in the Burgo de
Osma (Soria); GADIS
in Medina del
Campo (Valladolid) and VISTEON,
in Medina de Rio
Seco (Valladolid).
20/09/2008 EL MUNDO DE CASTILLA Y
LEÓN - BRANCHES
19/09/08 SYVA
LABORATORIES OPENED THE NEW FACILITIES IN
ITS TECHNOLOGICAL DE LEON PARK, AFTER
AN INVESTMENT JUST ABOVE THE 32 MM. EUROS.
19/09/2008 EL MUNDO DE CASTILLA Y
LEÓN - BRANCHES
19/09/08 SYVA
LABORATORIES OPENS ITS NEW FACILITIES IN TECHNOLOGICAL
DE LEON PARK, AFTER
AN INVESTMENT OF 32
MM. EUROS. NEW
FACTORY DEDICATED TO THE PRODUCTION OF ANIMAL
IMMUNOLOGIC, SYVA OWN PATENT UNDER
OR THROUGH OTHER
PRODUCTION AGREEMENTS LABORATORIES. WITH AN AREA OF 11,000 SQUARE FEET
BUILT IN A PLOT
OF 55,000, THE
NEW PLANT ALLOWED TO CIA. 2.5 MULTIPLY YOUR CAPACITY
FOR VACCINE PRODUCTION,
EXPORTS LATER THAT
MORE THAN 40 COUNTRIES
WORLDWIDE.
01/10/2007 EL MUNDO DE CASTILLA Y
LEÓN - BRANCHES
A TOTAL OF SEVEN
COMPANIES, INCLUDING BUT THIS IS SDAD., BUILD YOUR VESSELS OR
PROJECTED IN THE PARK THEIR CONSTRUCTION TECHNOLOGY OF LEON. ACQUIRED
COMPANIES HAVE PLOTS
invest 41 MM.
368 EUROS AND CREATE
JOBS. THE FIRST GREAT
COMPANY IN LABORATORIES SYVA BE INSTALLED.
THIS SIGNATURE WILL
START, probably in JANUARY 2008, THE NEW FACTORY.
SYVA LABORATORIES 5.5 ACRES HAS PURCHASED AND 9,132
SQUARE METERS BUILDING OCCUPIES.
Complementary Information
Financial Information
The balance sheet as at 31/12/2008 (Tank 2008)
is available, but there is data in the
new financial statements presented
incorrectly.
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 12/10/2012.
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 |
26.170.869,00 |
63,68 |
29.221.402,00 |
72,32 |
32.403.878,00 |
72,49 |
|
I. Intangible assets |
37.568,00 |
0,09 |
125.028,00 |
0,31 |
231.191,00 |
0,52 |
|
3. Patents, licences , trademarks and similars |
|
|
17.251,00 |
0,04 |
45.600,00 |
0,10 |
|
5. Software |
37.568,00 |
0,09 |
107.777,00 |
0,27 |
185.591,00 |
0,42 |
|
II. Tangible fixed assets |
26.125.534,00 |
63,57 |
29.088.283,00 |
71,99 |
32.164.482,00 |
71,96 |
|
1. Property, plant and equipment |
11.593.246,00 |
28,21 |
11.982.001,00 |
29,65 |
12.368.142,00 |
27,67 |
|
2. Technical fittings and other tangible assets |
14.190.199,00 |
34,53 |
17.012.248,00 |
42,10 |
19.772.570,00 |
44,24 |
|
3. Fixed assets in progress and advances |
342.089,00 |
0,83 |
94.034,00 |
0,23 |
23.770,00 |
0,05 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
543,00 |
0,00 |
868,00 |
0,00 |
982,00 |
0,00 |
|
1. Net worth instruments |
543,00 |
0,00 |
868,00 |
0,00 |
982,00 |
0,00 |
|
V. Long Term Financial Investments |
7.224,00 |
0,02 |
7.223,00 |
0,02 |
7.223,00 |
0,02 |
|
1. Net worth instruments |
2.796,00 |
0,01 |
2.795,00 |
0,01 |
2.795,00 |
0,01 |
|
5. Other financial assets |
4.428,00 |
0,01 |
4.428,00 |
0,01 |
4.428,00 |
0,01 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
14.928.505,00 |
36,32 |
11.185.769,00 |
27,68 |
12.294.383,00 |
27,51 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
4.373.444,00 |
10,64 |
4.361.316,00 |
10,79 |
4.997.137,00 |
11,18 |
|
2. Raw material inventory |
1.729.595,00 |
4,21 |
1.645.303,00 |
4,07 |
1.472.709,00 |
3,29 |
|
3. Work in Progress |
578.020,00 |
1,41 |
604.038,00 |
1,49 |
842.923,00 |
1,89 |
|
b) Short production cycle |
578.020,00 |
1,41 |
604.038,00 |
1,49 |
842.923,00 |
1,89 |
|
4. Finished goods |
2.034.329,00 |
4,95 |
2.080.475,00 |
5,15 |
2.650.005,00 |
5,93 |
|
b) Short production cycle |
2.034.329,00 |
4,95 |
2.080.475,00 |
5,15 |
2.650.005,00 |
5,93 |
|
6. Pre-payments to suppliers |
31.500,00 |
0,08 |
31.500,00 |
0,08 |
31.500,00 |
0,07 |
|
III. Trade Debtors and other receivable accounts |
5.855.551,00 |
14,25 |
5.809.732,00 |
14,38 |
7.073.080,00 |
15,82 |
|
1. Clients |
5.179.306,00 |
12,60 |
5.236.352,00 |
12,96 |
5.955.158,00 |
13,32 |
|
b) Clients for sales and short term services rendering |
5.179.306,00 |
12,60 |
5.236.352,00 |
12,96 |
5.955.158,00 |
13,32 |
|
2. Clients group and associated companies |
38.403,00 |
0,09 |
99.762,00 |
0,25 |
538.766,00 |
1,21 |
|
3. Other debts |
2.000,00 |
0,00 |
2.000,00 |
0,00 |
4.442,00 |
0,01 |
|
4. Staff |
2.140,00 |
0,01 |
116,00 |
0,00 |
|
|
|
6. Other credits with the Public Administrations |
633.702,00 |
1,54 |
471.502,00 |
1,17 |
574.714,00 |
1,29 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
4.503.520,00 |
10,96 |
|
|
|
|
|
5. Other financial assets |
4.503.520,00 |
10,96 |
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
195.990,00 |
0,48 |
1.014.721,00 |
2,51 |
224.166,00 |
0,50 |
|
1. Treasury |
195.990,00 |
0,48 |
1.014.721,00 |
2,51 |
224.166,00 |
0,50 |
|
TOTAL ASSETS (A + B) |
41.099.374,00 |
100,00 |
40.407.171,00 |
100,00 |
44.698.261,00 |
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 |
26.745.186,00 |
65,07 |
26.000.461,00 |
64,35 |
24.619.303,00 |
55,08 |
|
A-1) Equity |
22.523.164,00 |
54,80 |
21.276.584,00 |
52,66 |
19.393.571,00 |
43,39 |
|
I. Capital |
2.373.950,00 |
5,78 |
2.373.950,00 |
5,88 |
2.373.950,00 |
5,31 |
|
1. Authorized capital |
2.373.950,00 |
5,78 |
2.373.950,00 |
5,88 |
2.373.950,00 |
5,31 |
|
II. Issue premium |
25.887,00 |
0,06 |
25.887,00 |
0,06 |
25.887,00 |
0,06 |
|
III. Reserves |
18.876.747,00 |
45,93 |
16.993.734,00 |
42,06 |
16.440.391,00 |
36,78 |
|
1. Legal and statutory |
474.790,00 |
1,16 |
474.790,00 |
1,18 |
474.790,00 |
1,06 |
|
2. Other funds |
18.401.957,00 |
44,77 |
16.518.944,00 |
40,88 |
15.965.601,00 |
35,72 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
1.246.580,00 |
3,03 |
1.883.013,00 |
4,66 |
553.343,00 |
1,24 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
4.222.022,00 |
10,27 |
4.723.877,00 |
11,69 |
5.225.732,00 |
11,69 |
|
B) NON CURRENT LIABILITIES |
6.309.444,00 |
15,35 |
6.070.894,00 |
15,02 |
8.438.843,00 |
18,88 |
|
I. Long term provisions |
|
|
|
|
56.716,00 |
0,13 |
|
4. Other provisions |
|
|
|
|
56.716,00 |
0,13 |
|
II. Long term debts |
4.500.000,00 |
10,95 |
4.046.371,00 |
10,01 |
6.142.525,00 |
13,74 |
|
2. Debts with bank entities |
4.500.000,00 |
10,95 |
4.046.371,00 |
10,01 |
6.142.525,00 |
13,74 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
1.809.444,00 |
4,40 |
2.024.523,00 |
5,01 |
2.239.602,00 |
5,01 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
8.044.744,00 |
19,57 |
8.335.816,00 |
20,63 |
11.640.115,00 |
26,04 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
4.215,00 |
0,01 |
|
III. Short term debts |
3.567.063,00 |
8,68 |
3.496.147,00 |
8,65 |
6.080.124,00 |
13,60 |
|
2. Debts with bank entities |
3.567.063,00 |
8,68 |
3.496.147,00 |
8,65 |
5.999.629,00 |
13,42 |
|
5. Other financial liabilities |
|
|
|
|
80.495,00 |
0,18 |
|
IV. Short term debts with associated and affiliated companies |
55.759,00 |
0,14 |
240.342,00 |
0,59 |
1.831.835,00 |
4,10 |
|
V. Trade creditors and other payable accounts |
4.421.922,00 |
10,76 |
4.599.327,00 |
11,38 |
3.723.941,00 |
8,33 |
|
1. Suppliers |
3.301.785,00 |
8,03 |
3.665.975,00 |
9,07 |
2.976.028,00 |
6,66 |
|
b) Short term suppliers |
3.301.785,00 |
8,03 |
3.665.975,00 |
9,07 |
2.976.028,00 |
6,66 |
|
3. Different creditors |
249.088,00 |
0,61 |
169.341,00 |
0,42 |
119.183,00 |
0,27 |
|
4. Staff (pending remunerations) |
438.514,00 |
1,07 |
471.285,00 |
1,17 |
375.332,00 |
0,84 |
|
5. Liabilities by current taxes |
148.615,00 |
0,36 |
24.870,00 |
0,06 |
30.070,00 |
0,07 |
|
6. Other debts with Public Administrations |
283.920,00 |
0,69 |
267.856,00 |
0,66 |
223.328,00 |
0,50 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
41.099.374,00 |
100,00 |
40.407.171,00 |
100,00 |
44.698.261,00 |
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 |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
28.661.461,00 |
98,71 |
29.646.888,00 |
99,89 |
24.291.298,00 |
97,10 |
|
A) Sales |
28.598.154,00 |
98,49 |
29.466.423,00 |
99,28 |
24.139.724,00 |
96,50 |
|
b) Services provided |
63.307,00 |
0,22 |
180.465,00 |
0,61 |
151.574,00 |
0,61 |
|
2. Variation in stocks of finished goods and work in progress |
58.491,00 |
0,20 |
-808.415,00 |
-2,72 |
843.188,00 |
3,37 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-11.075.168,00 |
-38,14 |
-10.335.179,00 |
-34,82 |
-8.322.636,00 |
-33,27 |
|
a) Material consumed |
-732.420,00 |
-2,52 |
-1.805.058,00 |
-6,08 |
-1.253.603,00 |
-5,01 |
|
b) Raw materials consumed |
-10.342.748,00 |
-35,62 |
-8.530.121,00 |
-28,74 |
-7.069.033,00 |
-28,26 |
|
5. Other operating income |
374.006,00 |
1,29 |
34.095,00 |
0,11 |
724.955,00 |
2,90 |
|
a) Other incomes |
20.542,00 |
0,07 |
10.395,00 |
0,04 |
9.323,00 |
0,04 |
|
b) Operating grants included in the exercise result |
353.464,00 |
1,22 |
23.700,00 |
0,08 |
715.632,00 |
2,86 |
|
6. Labour cost |
-6.240.873,00 |
-21,49 |
-6.212.173,00 |
-20,93 |
-6.116.021,00 |
-24,45 |
|
a) Wages and similar expenses |
-4.890.191,00 |
-16,84 |
-4.894.950,00 |
-16,49 |
-4.743.897,00 |
-18,96 |
|
b) Social costs |
-1.350.682,00 |
-4,65 |
-1.317.223,00 |
-4,44 |
-1.372.124,00 |
-5,48 |
|
7. Other operating costs |
-6.699.121,00 |
-23,07 |
-7.057.301,00 |
-23,78 |
-7.241.479,00 |
-28,95 |
|
a) External services |
-6.565.258,00 |
-22,61 |
-6.954.450,00 |
-23,43 |
-7.059.033,00 |
-28,22 |
|
b) Taxes |
-87.890,00 |
-0,30 |
-134.944,00 |
-0,45 |
-118.177,00 |
-0,47 |
|
c) Losses, deterioration and variation on business operations
provisions |
-45.973,00 |
-0,16 |
32.093,00 |
0,11 |
-64.269,00 |
-0,26 |
|
8. Amortization of fixed assets |
-3.605.470,00 |
-12,42 |
-3.647.037,00 |
-12,29 |
-3.874.342,00 |
-15,49 |
|
9. Allocation of subventions on non financial investments and other |
716.934,00 |
2,47 |
716.934,00 |
2,42 |
716.934,00 |
2,87 |
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
678,00 |
0,00 |
835,00 |
0,00 |
-14.627,00 |
-0,06 |
|
b) Results for disposals and others |
678,00 |
0,00 |
835,00 |
0,00 |
-14.627,00 |
-0,06 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-319.484,00 |
-1,10 |
156.904,00 |
0,53 |
98.541,00 |
0,39 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
1.871.454,00 |
6,45 |
2.495.551,00 |
8,41 |
1.105.811,00 |
4,42 |
|
14. Financial income |
123.844,00 |
0,43 |
126.872,00 |
0,43 |
34.880,00 |
0,14 |
|
b) From negotiable values and other financial instruments |
123.844,00 |
0,43 |
126.872,00 |
0,43 |
34.880,00 |
0,14 |
|
b 2) From third parties |
123.844,00 |
0,43 |
126.872,00 |
0,43 |
34.880,00 |
0,14 |
|
15. Financial expenses |
-251.596,00 |
-0,87 |
-215.503,00 |
-0,73 |
-448.987,00 |
-1,79 |
|
a) For debts with associated and affiliated companies |
|
|
-4.949,00 |
-0,02 |
-44.611,00 |
-0,18 |
|
b) For debts with third parties |
-251.596,00 |
-0,87 |
-210.554,00 |
-0,71 |
-404.376,00 |
-1,62 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-4.890,00 |
-0,02 |
48.050,00 |
0,16 |
-31.226,00 |
-0,12 |
|
18. Deterioration and result for disposal of financial instruments |
-325,00 |
0,00 |
-114,00 |
0,00 |
61,00 |
0,00 |
|
a) Deteriorations and losses |
-325,00 |
0,00 |
-114,00 |
0,00 |
61,00 |
0,00 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-132.967,00 |
-0,46 |
-40.695,00 |
-0,14 |
-445.272,00 |
-1,78 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
1.738.487,00 |
5,99 |
2.454.856,00 |
8,27 |
660.539,00 |
2,64 |
|
20. Taxes on profits |
-491.907,00 |
-1,69 |
-571.843,00 |
-1,93 |
-107.196,00 |
-0,43 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
1.246.580,00 |
4,29 |
1.883.013,00 |
6,34 |
553.343,00 |
2,21 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
1.246.580,00 |
4,29 |
1.883.013,00 |
6,34 |
553.343,00 |
2,21 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
1.246.580,00 |
1.883.013,00 |
553.343,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and subventions |
|
|
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and subventions |
|
-716.934,00 |
-716.934,00 |
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
215.079,00 |
215.079,00 |
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
|
-501.855,00 |
-501.855,00 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
1.246.580,00 |
1.381.158,00 |
51.488,00 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
2.373.950,00 |
25.887,00 |
15.447.075,00 |
993.316,00 |
|
I. Adjustments by change of criteria in the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
2.373.950,00 |
25.887,00 |
15.447.075,00 |
993.316,00 |
|
I. Total recognized income and expenses |
|
|
|
553.343,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
993.316,00 |
-993.316,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
2.373.950,00 |
25.887,00 |
16.440.391,00 |
553.343,00 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
2.373.950,00 |
25.887,00 |
16.440.391,00 |
553.343,00 |
|
I. Total recognized income and expenses |
|
|
|
1.883.013,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
553.343,00 |
-553.343,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
2.373.950,00 |
25.887,00 |
16.993.734,00 |
1.883.013,00 |
|
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) |
2.373.950,00 |
25.887,00 |
16.993.734,00 |
1.883.013,00 |
|
I. Total recognized income and expenses |
|
|
|
1.246.580,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
1.883.013,00 |
-1.883.013,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
2.373.950,00 |
25.887,00 |
18.876.747,00 |
1.246.580,00 |
|
NET WORTH CHANGES ( 3 /3) |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
5.727.587,00 |
24.567.815,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
5.727.587,00 |
24.567.815,00 |
|
|
|
I. Total recognized income and expenses |
-501.855,00 |
51.488,00 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
5.225.732,00 |
24.619.303,00 |
|
|
|
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) |
5.225.732,00 |
24.619.303,00 |
|
|
|
I. Total recognized income and expenses |
-501.855,00 |
1.381.158,00 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
4.723.877,00 |
26.000.461,00 |
|
|
|
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) |
4.723.877,00 |
26.000.461,00 |
|
|
|
I. Total recognized income and expenses |
|
1.246.580,00 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-501.855,00 |
-501.855,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
4.222.022,00 |
26.745.186,00 |
|
|
CASH FLOW STATUS
Figures given in €
|
|
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
1.738.487,00 |
2.454.856,00 |
660.539,00 |
|
2. Results adjustments |
3.042.782,00 |
2.937.870,00 |
3.717.990,00 |
|
a) Amortization of fixed assets (+) |
3.605.470,00 |
3.647.037,00 |
3.874.342,00 |
|
b) Value correction for deterioration (+/-) |
22.282,00 |
-32.093,00 |
36.414,00 |
|
c) Change of Provisions (+/-) |
|
|
64.269,00 |
|
d) Grants allocation (-) |
-716.934,00 |
-716.934,00 |
-716.934,00 |
|
e) Results for decline and disposal of fixed assets (+/-) |
-678,00 |
-835,00 |
14.627,00 |
|
g) Financial income (-) |
-123.844,00 |
-126.872,00 |
-34.880,00 |
|
f) Financial expenses (+) |
251.596,00 |
215.503,00 |
448.987,00 |
|
i) Change difference (+/-) |
4.890,00 |
-48.050,00 |
31.226,00 |
|
j) Reasonable value variation on financial instruments (+/-) |
|
114,00 |
-61,00 |
|
3. Changes in current capital |
-330.185,00 |
2.788.487,00 |
-1.251.994,00 |
|
a) Stocks (+/-) |
11.888,00 |
635.821,00 |
-385.995,00 |
|
b) Debtors and other receivable accounts (+/-) |
-91.949,00 |
1.263.348,00 |
-716.874,00 |
|
d) Creditors and other payable accounts (+/-) |
-247.836,00 |
880.586,00 |
-25.818,00 |
|
e) Other current liabilities (+/-) |
|
-4.215,00 |
-117.078,00 |
|
f) Other non-current assets and liabilities (+/-) |
-2.288,00 |
12.947,00 |
-6.229,00 |
|
4. Other cash flow coming from operating activities |
-501.667,00 |
-655.194,00 |
-918.750,00 |
|
a) Interests payments (-) |
-253.830,00 |
-215.610,00 |
-466.473,00 |
|
c) Interests collections (+) |
120.325,00 |
126.872,00 |
34.880,00 |
|
d) Collections (payments) for profit tax (+/-) |
-368.162,00 |
-577.043,00 |
-434.430,00 |
|
e) Other payments (collections) (-/+) |
|
10.587,00 |
-52.727,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
3.949.417,00 |
7.526.019,00 |
2.207.785,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-5.063.863,00 |
-549.869,00 |
-1.402.309,00 |
|
b) Intangible assets |
-19.688,00 |
-28.202,00 |
-8.637,00 |
|
c) Tangible assets |
-544.175,00 |
-521.667,00 |
-1.393.672,00 |
|
e) Other financial assets |
-4.500.000,00 |
|
|
|
7. Disinvestment collections (+) |
9.280,00 |
5.534,00 |
|
|
c) Tangible assets |
9.280,00 |
5.534,00 |
|
|
8. Cash Flow in investment activities (6 + 7) |
-5.054.583,00 |
-544.335,00 |
-1.402.309,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
6.411.406,00 |
|
e) Received legacies, grants and subventions (+) |
|
|
6.411.406,00 |
|
10. Financial liabilities instruments collections and payments |
286.435,00 |
-6.191.129,00 |
-7.228.668,00 |
|
a) Issue |
4.573.150,00 |
1.250.000,00 |
1.610.000,00 |
|
2. Debts with bank entities (+) |
4.573.150,00 |
1.250.000,00 |
|
|
3. Debts with group and associated companies (+) |
|
|
1.610.000,00 |
|
b) Return and amortization of |
-4.286.715,00 |
-7.441.129,00 |
-8.838.668,00 |
|
2. Debts with bank entities (-) |
-4.046.371,00 |
-5.849.636,00 |
-7.538.668,00 |
|
3. Debts with group and associated companies (-) |
-240.344,00 |
-1.591.493,00 |
-1.300.000,00 |
|
11. Payments for dividends and remunerations of other net worth instruments |
|
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
286.435,00 |
-6.191.129,00 |
-817.262,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-818.731,00 |
790.555,00 |
-11.786,00 |
|
Cash or equivalents at the beginning of the exercise |
1.014.721,00 |
224.166,00 |
235.952,00 |
|
Cash or equivalents at the end of the exercise |
195.990,00 |
1.014.721,00 |
224.166,00 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
6.883.761,00 |
141,54 |
2.849.953,00 |
335,59 |
654.268,00 |
|
Working capital ratio |
0,17 |
142,86 |
0,07 |
250,00 |
0,02 |
|
Soundness Ratio |
0,86 |
17,81 |
0,73 |
21,67 |
0,60 |
|
Average Collection Period (days) |
73 |
4,08 |
71 |
-32,65 |
105 |
|
Average Payment Period (days) |
91 |
-9,35 |
100 |
-22,13 |
129 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
185,57 |
38,29 |
134,19 |
27,05 |
105,62 |
|
Quick Ratio (%) |
58,42 |
380,03 |
12,17 |
530,57 |
1,93 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
19,76 |
2,60 |
19,26 |
-38,74 |
31,44 |
|
External Financing Average Cost |
0,03 |
0,00 |
0,03 |
0,00 |
0,03 |
|
Debt Service Coverage |
2,06 |
100,00 |
1,03 |
-83,83 |
6,37 |
|
Interest Coverage |
7,44 |
-35,75 |
11,58 |
370,73 |
2,46 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
13,78 |
-45,73 |
25,39 |
179,32 |
9,09 |
|
Auto financing generated by Assets (%) |
9,61 |
-48,42 |
18,62 |
277,13 |
4,94 |
|
Breakdown Point |
1,07 |
-1,83 |
1,09 |
3,81 |
1,05 |
|
Average Sales Volume per Employee |
169.614,52 |
-4,29 |
177.218,53 |
22,57 |
144.591,06 |
|
Average Cost per Employee |
36.932,61 |
-0,54 |
37.134,16 |
2,00 |
36.404,89 |
|
Assets Turnover |
0,70 |
-4,11 |
0,73 |
35,19 |
0,54 |
|
Inventory Turnover (days) |
142 |
-6,40 |
152 |
-29,67 |
216 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
4,55 |
-26,38 |
6,18 |
150,20 |
2,47 |
|
Operating Profitability (%) |
13,33 |
-12,30 |
15,20 |
36,81 |
11,11 |
|
Return on Equity (ROE) (%) |
7,72 |
-33,10 |
11,54 |
238,42 |
3,41 |
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 |
63,68 |
54,20 |
9,48 |
|
A) CURRENT ASSETS |
36,32 |
45,80 |
-9,48 |
|
LIABILITIES |
|||
|
A) NET WORTH |
65,07 |
49,56 |
15,51 |
|
B) NON CURRENT LIABILITIES |
15,35 |
18,28 |
-2,93 |
|
C) CURRENT LIABILITIES |
19,57 |
32,16 |
-12,59 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
98,71 |
94,16 |
4,55 |
|
Other operating income |
1,29 |
5,84 |
-4,55 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-38,14 |
-35,74 |
-2,40 |
|
Variation in stocks of finished goods and work in progress |
0,20 |
-0,92 |
1,12 |
|
GROSS MARGIN |
62,06 |
63,35 |
-1,29 |
|
Other operating costs |
-23,07 |
-24,15 |
1,08 |
|
Labour cost |
-21,49 |
-25,55 |
4,06 |
|
GROSS OPERATING RESULT |
17,49 |
13,64 |
3,85 |
|
Amortization of fixed assets |
-12,42 |
-5,64 |
-6,78 |
|
Deterioration and result for fixed assets disposal |
0,00 |
-0,06 |
0,06 |
|
Other expenses / income |
|
0,41 |
|
|
NET OPERATING RESULT |
6,45 |
8,35 |
-1,90 |
|
Financial result |
-0,46 |
-0,72 |
0,26 |
|
RESULT BEFORE TAX |
5,99 |
7,63 |
-1,64 |
|
Taxes on profits |
-1,69 |
-1,68 |
-0,01 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
4,29 |
5,95 |
-1,66 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
4,29 |
5,95 |
-1,66 |
|
Amortization of fixed assets |
-12,42 |
-5,64 |
-6,78 |
|
Deterioration and provisions variation |
-0,16 |
-0,18 |
0,02 |
|
|
16,87 |
11,77 |
5,10 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
6.883.761,00 |
340.098,50 |
2.419.004,04 |
4.759.000,00 |
|
Working capital ratio |
0,17 |
0,02 |
0,17 |
0,29 |
|
Soundness Ratio |
0,86 |
0,56 |
1,18 |
1,56 |
|
Average Collection Period (days) |
73 |
66 |
84 |
126 |
|
Average Payment Period (days) |
91 |
98 |
132 |
174 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
185,57 |
105,46 |
147,81 |
221,62 |
|
Quick Ratio (%) |
58,42 |
2,10 |
6,65 |
44,36 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
19,76 |
4,39 |
17,99 |
35,04 |
|
External Financing Average Cost |
0,03 |
0,02 |
0,04 |
0,06 |
|
Debt Service Coverage |
2,06 |
0,21 |
1,53 |
4,05 |
|
Interest Coverage |
7,44 |
2,73 |
7,53 |
59,14 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
13,78 |
6,47 |
9,91 |
16,08 |
|
Auto financing generated by Assets (%) |
9,61 |
6,35 |
10,68 |
14,75 |
|
Breakdown Point |
1,07 |
1,02 |
1,08 |
1,16 |
|
Average Sales Volume per Employee |
169.614,52 |
121.203,64 |
169.594,44 |
247.398,85 |
|
Average Cost per Employee |
36.932,61 |
33.889,53 |
40.484,28 |
47.662,00 |
|
Assets Turnover |
0,70 |
0,70 |
0,88 |
1,20 |
|
Inventory Turnover (days) |
142 |
85 |
123 |
209 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
4,55 |
2,01 |
6,82 |
12,62 |
|
Operating Profitability (%) |
13,33 |
8,07 |
13,48 |
18,74 |
|
Return on Equity (ROE) (%) |
7,72 |
2,50 |
15,72 |
26,22 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.14 |
|
|
1 |
Rs.90.05 |
|
Euro |
1 |
Rs.77.06 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
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.