MIRA INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
BEMIS PACKAGING ESPANA SL |
|
|
|
|
Registered Office : |
Rambla Celler, 133 - Plt 2 08172 Sant Cugat Del Valles Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.05.2001 |
|
|
|
|
Legal Form : |
Sole-partnered Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of other plastic products |
|
|
|
|
No. of Employees : |
6 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 and address
BEMIS PACKAGING ESPANA SL
CIF/NIF: B62592712
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: BEMIS PACKAGING ESPAÑA SL
Other names: NO
Current Address: RAMBLA CELLER, 133 - PLT 2
08172 SANT CUGAT DEL VALLES BARCELONA
Telephone number: 932637000 Fax: 932635001
URL: www.bemis-europe.com
Corporate e-mail: ventasbemis@bemis.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): 9.295.429,49 € (Mercantile Register)
Result: 241.190,5 €
Total Assets: 3.427.893,8 €
Share capital: 403.170,00 €
Employees: 6
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 15/05/2001
Activity: Plastic articles transformation
NACE 2009 CODE: 2229
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: 05/09/2012 Appointments
Latest press article: No press articles registered
Bank Entities: There are
Financial situation
|
Exercise:2011 |
Evolution |
|||
|
Immediate
liquidity |
Limited |
|
|
|
|
Indebtedness |
Important |
|
|
|
|
Profitability |
Sufficient |
|
|
|
|
Soundness |
Excellent |
|
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
Rating Explanation
Financial situation
•
The company’s financial situation is normal.
•
The company’s financial situation evolution has
been stable.
•
The sales evolution and results has
been positive.
•
The auditor’s opinion about the latest accounts has
been favourable.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s size is medium depending
on its sales volume.
•
The employees evolution has been 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 |
Increase |
13 |
•
New financial statements have been uploaded. |
|
30/11/2012 |
Reduction |
11 |
•
There has been a change in the formula version. |
|
03/11/2011 |
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.
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 09:06:45
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 |
6.354,09 |
0,19 |
8.561,00 |
0,26 |
64.819,38 |
1,96 |
|
B) CURRENT ASSETS |
3.421.539,71 |
99,81 |
3.331.975,77 |
99,74 |
3.242.788,42 |
98,04 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
708.965,77 |
20,68 |
467.775,39 |
14,00 |
325.346,87 |
9,84 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
2.718.928,03 |
79,32 |
2.872.761,38 |
86,00 |
2.982.260,93 |
90,16 |
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 |
9.295.429,49 |
|
8.636.228,42 |
|
8.864.895,26 |
|
|
GROSS MARGIN |
1.310.108,20 |
14,09 |
1.163.592,44 |
13,47 |
989.593,19 |
11,16 |
|
EBITDA |
346.736,44 |
3,73 |
206.557,10 |
2,39 |
672,20 |
0,01 |
|
EBIT |
343.870,44 |
3,70 |
203.322,10 |
2,35 |
34.694,20 |
0,39 |
|
NET RESULT |
241.190,50 |
2,59 |
142.429,39 |
1,65 |
25.953,79 |
0,29 |
|
EFFECTIVE TAX RATE (%) |
30,00 |
0,00 |
30,00 |
0,00 |
30,00 |
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 |
0,19 |
40,98 |
-40,79 |
|
A) CURRENT ASSETS |
99,81 |
59,02 |
40,79 |
|
LIABILITIES |
|||
|
A) NET WORTH |
20,68 |
44,10 |
-23,42 |
|
B) NON CURRENT LIABILITIES |
|
17,08 |
|
|
C) CURRENT LIABILITIES |
79,32 |
38,82 |
40,50 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
99,49 |
98,51 |
0,98 |
|
GROSS MARGIN |
14,02 |
41,06 |
-27,04 |
|
EBITDA |
3,71 |
7,92 |
-4,21 |
|
EBIT |
3,68 |
3,51 |
0,17 |
|
NET RESULT |
2,58 |
1,80 |
0,78 |
Sector Composition
Compared sector (NACE 2009): 2229
Number of companies: 120
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 |
241.191,00 |
Legal Reserve |
24.119,00 |
|
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 |
197.487,00 |
|
Total of Amounts to be distributed |
241.191,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
19.585,00 |
|
|
|
Application total |
241.191,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE
Auditor: ALIXA SYSTEM S.L.
Auditing fees: 9.200,00 €
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:
RAMBLA CELLER, 133 - PLT 2
08172 SANT CUGAT DEL VALLES BARCELONA
Previous Seat Address:
CALLE PEDROSA (PG IND PEDROSA) 16 -18
08908 L’HOSPITALET
DE LLOBREGAT BARCELONA
Characteristics of the current address
Type of establishment: store
Owners: owned; with no official confirmation
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
24/08/2012)
Other Positions : 2 (latest change: 19/02/2008)
Auditor : 1 (latest change: 23/12/2010)
Operative Board Members : 6 (latest change: 23/04/2012)
Non-current positions : 1 (latest change: 24/08/2012)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
VAN DER SMISSEN, WILLEM JOZEF |
24/08/2012 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
ALIXA SYSTEM SL |
23/12/2010 |
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
MOLINA PEREZ, IRENE |
|
Financial Manager |
MOLINA PEREZ, IRENE |
|
Commercial Director |
MOLINA PEREZ, IRENE |
|
Marketing Director |
MOLINA PEREZ, IRENE |
|
Exports Director |
MOLINA PEREZ, IRENE |
|
Imports Director |
MOLINA PEREZ, IRENE |
FINANCIAL LINKS
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
CURWOOD PACKAGING LTD |
CANADA |
100,00 |
OWN SOURCES |
24/04/2012 |
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
BEMIS SWANSEA LTD |
UNITED KINGDOM |
100,00 |
OWN SOURCES |
24/04/2012 |
|
BEMIS PACKAGING LTD |
|
100,00 |
OWN SOURCES |
07/04/2009 |
POTENTIAL LINKS
Search Criterion: ”BEMIS PACKAGING ESPAÑA SL”
URL: www.bemis-europe.com
Welcome to Bemis Europe The Innovations of Tomorrow, the Packaging
Science of Today. Welcome to the Bemis Europe flexible packaging network, a
growing family of firms employing ...
BUSINESS INFORMATION
Incorporation date: 15/05/2001
Establishment date: 01/01/2001
Founder’s Name: LA TITULAR
Code: 1482000
Activity: Plastic articles transformation
NACE 2009 CODE: 2229
NACE 2009 Activity: Manufacture of other plastic products
Business: THE
CREATION, PRODUCTION, MANUFACTURING, TRANSPORTATION, STORAGE, PURCHASE, SALE, IMPORT-EXPORT, DISTRIBUTION AND MARKETING
OF ALL KINDS OF
PRODUCTS AND PACKAGING MATERIALS, FOR PROCESSING FEED
Activity description: Venta de films y bolsas.
Latest employees figure: 6 (2012)
% of fixed employees: 83,33%
% of temporary employees: 16,67%
% of men: 50,00%
% of women: 50,00%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
3 |
3 |
PURCHASES
Import Percentage: 100%
Imports from: UE
SALES
Export Percentage: 14%
Exports to: PORTUGAL Y OTROS PAISES
National Distribution: 86%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
BEMIS SWANSEA
LTD |
YES |
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
BEMIS SWANSEA
LTD |
YES |
• The 71.34% of its turnover
corresponds to sales of Films.
• The 28.07%
of its turnover corresponds
to sales of bags.
• The 0.59%
of its turnover corresponds
to other sales.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANKINTER, S.A. |
9446 |
AVENIDA DIAGONAL, 509 |
BARCELONA |
Barcelona |
|
CAJA R. DE GUISSONA, S.C.C. |
0001 |
TRASPALAU, 8 |
GUISSONA |
Lérida |
LEGAL
STRUCTURE
Constitution Data
Register Date: 15/05/2001
Register town: Barcelona
Announcement number: 316104
Share capital: 3.020 €
Legal form: Sole-partnered Limited Liability Company
Share capital: 403.170,00 €
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: 24/03/2006)
Acts on administrators: 7 (Last: 05/09/2012, first:
14/08/2001)
Acts on capital: 1 (Last: 25/09/2009)
Acts on creation: 1 (Last: 14/08/2001)
Acts on filed accounts: 10 (Last: 08/11/2011, first:
31/10/2002)
Acts on identification: 1 (Last: 04/03/2008)
Acts on Information: 1 (Last: 11/07/2002)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
05/09/2012 |
364871 |
Barcelona |
|
Resignations |
05/09/2012 |
364871 |
Barcelona |
|
Annual Filed Accounts (2010) |
08/11/2011 |
899480 |
Barcelona |
|
Annual Filed Accounts (2009) |
22/06/2011 |
180088 |
Barcelona |
|
Appointments |
23/12/2010 |
472027 |
Barcelona |
|
Annual Filed Accounts (2008) |
23/10/2009 |
718205 |
Barcelona |
|
Capital enlargement (IA) |
25/09/2009 |
408183 |
Barcelona |
|
Annual Filed Accounts (2007) |
20/05/2009 |
130470 |
Barcelona |
|
Appointments |
06/05/2009 |
210193 |
Barcelona |
|
Change of registered address |
04/03/2008 |
121266 |
Barcelona |
PRESS ARTICLES
No press articles registered for this company .
Complementary Information
Financial Information
The balance sheet as at 31/12/2009 (Tank 2009) 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 04/12/2012.
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 |
6.354,09 |
0,19 |
8.561,00 |
0,26 |
64.819,38 |
1,96 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
3.095,00 |
0,09 |
5.961,00 |
0,18 |
7.273,00 |
0,22 |
|
2. Technical fittings and other tangible
assets |
3.095,00 |
0,09 |
5.961,00 |
0,18 |
7.273,00 |
0,22 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
3.259,09 |
0,10 |
2.600,00 |
0,08 |
3.403,38 |
0,10 |
|
5. Other financial assets |
3.259,09 |
0,10 |
2.600,00 |
0,08 |
3.403,38 |
0,10 |
|
VI. Assets by deferred taxes |
|
|
|
|
54.143,00 |
1,64 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
3.421.539,71 |
99,81 |
3.331.975,77 |
99,74 |
3.242.788,42 |
98,04 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
404.607,79 |
11,80 |
220.080,26 |
6,59 |
312.990,29 |
9,46 |
|
1. Goods available for sale |
404.607,79 |
11,80 |
218.080,26 |
6,53 |
312.990,29 |
9,46 |
|
6. Pre-payments to suppliers |
|
|
2.000,00 |
0,06 |
|
|
|
III. Trade Debtors and other receivable
accounts |
2.721.315,53 |
79,39 |
2.764.746,34 |
82,76 |
2.537.286,68 |
76,71 |
|
1. Clients |
2.701.127,43 |
78,80 |
2.747.590,26 |
82,25 |
2.513.177,41 |
75,98 |
|
b) Clients for sales and
short term services rendering |
2.701.127,43 |
78,80 |
2.747.590,26 |
82,25 |
2.513.177,41 |
75,98 |
|
2. Clients group and associated companies |
18.188,10 |
0,53 |
17.156,08 |
0,51 |
24.109,27 |
0,73 |
|
3. Other debts |
2.000,00 |
0,06 |
|
|
|
|
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
295.616,39 |
8,62 |
347.149,17 |
10,39 |
392.511,45 |
11,87 |
|
1. Treasury |
295.616,39 |
8,62 |
347.149,17 |
10,39 |
392.511,45 |
11,87 |
|
TOTAL ASSETS (A + B) |
3.427.893,80 |
100,00 |
3.340.536,77 |
100,00 |
3.307.607,80 |
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 |
708.965,77 |
20,68 |
467.775,39 |
14,00 |
325.346,87 |
9,84 |
|
A-1) Equity |
708.965,77 |
20,68 |
467.775,39 |
14,00 |
325.346,87 |
9,84 |
|
I. Capital |
403.170,00 |
11,76 |
403.170,00 |
12,07 |
403.170,00 |
12,19 |
|
1. Authorized capital |
403.170,00 |
11,76 |
403.170,00 |
12,07 |
403.170,00 |
12,19 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
84.189,94 |
2,46 |
69.947,00 |
2,09 |
69.948,00 |
2,11 |
|
1. Legal and statutory |
14.846,94 |
0,43 |
604,00 |
0,02 |
604,00 |
0,02 |
|
2. Other funds |
69.343,00 |
2,02 |
69.343,00 |
2,08 |
69.344,00 |
2,10 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-19.584,67 |
-0,57 |
-147.771,00 |
-4,42 |
-173.724,92 |
-5,25 |
|
2. (Prior years losses) |
-19.584,67 |
-0,57 |
-147.771,00 |
-4,42 |
-173.724,92 |
-5,25 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
241.190,50 |
7,04 |
142.429,39 |
4,26 |
25.953,79 |
0,78 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related
liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and
subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
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 |
2.718.928,03 |
79,32 |
2.872.761,38 |
86,00 |
2.982.260,93 |
90,16 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
|
|
|
|
|
|
|
IV. Short term debts with associated and affiliated
companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable
accounts |
2.718.928,03 |
79,32 |
2.872.761,38 |
86,00 |
2.982.260,93 |
90,16 |
|
1. Suppliers |
70.035,13 |
2,04 |
78.292,24 |
2,34 |
42.990,39 |
1,30 |
|
b) Short term suppliers |
70.035,13 |
2,04 |
78.292,24 |
2,34 |
42.990,39 |
1,30 |
|
2. Suppliers group and associated
companies |
2.460.617,74 |
71,78 |
2.677.690,76 |
80,16 |
2.802.693,25 |
84,73 |
|
3. Different creditors |
|
|
39,97 |
0,00 |
39,32 |
0,00 |
|
4. Staff (pending remunerations) |
6.970,42 |
0,20 |
13.379,33 |
0,40 |
14.048,00 |
0,42 |
|
5. Liabilities by current taxes |
46.955,52 |
1,37 |
3.310,66 |
0,10 |
|
|
|
6. Other debts with Public Administrations |
134.349,22 |
3,92 |
100.048,42 |
2,99 |
122.489,97 |
3,70 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
3.427.893,80 |
100,00 |
3.340.536,77 |
100,00 |
3.307.607,80 |
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 |
9.295.429,49 |
99,49 |
8.636.228,42 |
99,62 |
8.864.895,26 |
100,00 |
|
A) Sales |
|
|
|
|
8.765.616,03 |
98,88 |
|
b) Services provided |
|
|
|
|
99.279,23 |
1,12 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-8.033.418,39 |
-85,98 |
-7.505.363,97 |
-86,58 |
-7.875.302,07 |
-88,84 |
|
a) Material consumed |
|
|
|
|
-7.900.479,07 |
-89,12 |
|
d) Deterioration on merchandises, raw
materials and other supplies |
|
|
|
|
25.177,00 |
0,28 |
|
5. Other operating income |
48.097,10 |
0,51 |
32.727,99 |
0,38 |
|
|
|
6. Labour cost |
-402.996,83 |
-4,31 |
-419.119,77 |
-4,83 |
-391.817,85 |
-4,42 |
|
a) Wages and similar expenses |
|
|
|
|
-314.422,57 |
-3,55 |
|
b) Social costs |
|
|
|
|
-77.395,28 |
-0,87 |
|
7. Other operating costs |
-560.311,74 |
-6,00 |
-536.724,24 |
-6,19 |
-559.154,16 |
-6,31 |
|
a) External services |
|
|
|
|
-567.198,49 |
-6,40 |
|
c) Losses, deterioration and variation on
business operations provisions |
|
|
|
|
11.892,00 |
0,13 |
|
d) Other day to day expenses |
|
|
|
|
-3.847,67 |
-0,04 |
|
8. Amortization of fixed assets |
-2.866,00 |
-0,03 |
-3.235,00 |
-0,04 |
-3.047,00 |
-0,03 |
|
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 |
-63,19 |
0,00 |
-1.191,33 |
-0,01 |
-879,98 |
-0,01 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 +
6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
343.870,44 |
3,68 |
203.322,10 |
2,35 |
34.694,20 |
0,39 |
|
14. Financial income |
727,39 |
0,01 |
151,13 |
0,00 |
2.294,75 |
0,03 |
|
b) From negotiable values and other financial
instruments |
|
|
|
|
2.294,75 |
0,03 |
|
b 2) From third parties |
|
|
|
|
2.294,75 |
0,03 |
|
15. Financial expenses |
|
|
|
|
|
|
|
16. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-39,97 |
0,00 |
-2,84 |
0,00 |
87,88 |
0,00 |
|
18. Deterioration and result for disposal
of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 +
18 + 19) |
687,42 |
0,01 |
148,29 |
0,00 |
2.382,63 |
0,03 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
344.557,86 |
3,69 |
203.470,39 |
2,35 |
37.076,83 |
0,42 |
|
20. Taxes on profits |
-103.367,36 |
-1,11 |
-61.041,00 |
-0,70 |
-11.123,04 |
-0,13 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED
OPERATIONS (A.3 + 20) |
|
|
|
|
25.953,79 |
0,29 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming
from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
241.190,50 |
2,58 |
142.429,39 |
1,64 |
25.953,79 |
0,29 |
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 |
241.190,50 |
142.429,39 |
25.953,79 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO
NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and
subventions |
|
|
|
|
IV. For actuarial profits and losses and
other adjustments |
|
|
|
|
V. Non-current assets and related liabilities,
maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED
DIRECTLY TO NET WORTH (I + II + III + IV +V+VI+VII) |
|
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial
instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and
subventions |
|
|
|
|
XI. Non-current assets and related
liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS
ACCOUNT (VIII + IX + X + XI+ XII+ XIII) |
|
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A +
B + C) |
241.190,50 |
142.429,39 |
25.953,79 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.020,00 |
69.948,00 |
-240.920,00 |
64.175,00 |
|
I. Adjustments by change of criteria in
the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2008) |
|
|
3.020,00 |
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2009) |
3.020,00 |
69.948,00 |
-237.900,00 |
64.175,00 |
|
I. Total recognized income and expenses |
|
|
|
25.953,79 |
|
II. Operations with partners or owners |
400.150,00 |
|
64.175,00 |
|
|
1. Capital Increases |
400.150,00 |
|
|
|
|
7. Other operations with partners or
owners |
|
|
64.175,00 |
|
|
III. Other net worth variations |
|
|
|
-64.175,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
403.170,00 |
69.948,00 |
-173.725,00 |
25.953,79 |
|
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) |
403.170,00 |
69.948,00 |
-173.725,00 |
25.953,79 |
|
I. Total recognized income and expenses |
|
|
|
142.429,39 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
-1,00 |
25.954,00 |
-25.953,79 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
403.170,00 |
69.947,00 |
-147.771,08 |
142.429,39 |
|
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) |
403.170,00 |
69.947,00 |
-147.771,08 |
142.429,39 |
|
I. Total recognized income and expenses |
|
|
|
241.190,50 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
14.242,94 |
128.186,41 |
-142.429,39 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
403.170,00 |
84.189,94 |
-19.584,67 |
241.190,50 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-103.777,00 |
|
||
|
I. Adjustments by change of criteria in
the exercise (2008) |
|
|
||
|
II. Adjustments by errors in the exercise
(2008) |
3.020,00 |
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2009) |
-100.757,00 |
|
||
|
I. Total recognized income and expenses |
25.953,79 |
|
||
|
II. Operations with partners or owners |
464.325,00 |
|
||
|
1. Capital Increases |
400.150,00 |
|
||
|
7. Other operations with partners or
owners |
64.175,00 |
|
||
|
III. Other net worth variations |
-64.175,00 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
325.346,79 |
|
||
|
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) |
325.346,79 |
|
||
|
I. Total recognized income and expenses |
142.429,39 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
-0,79 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
467.775,31 |
|
||
|
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) |
467.775,31 |
|
||
|
I. Total recognized income and expenses |
241.190,50 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
-0,04 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
708.965,77 |
|
||
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 |
344.557,86 |
203.470,39 |
37.076,83 |
|
2. Results adjustments |
|
|
-36.405,00 |
|
a) Amortization of fixed assets (+) |
|
|
3.047,00 |
|
b) Value correction for deterioration
(+/-) |
|
|
-37.069,00 |
|
g) Financial income (-) |
|
|
-2.295,00 |
|
i) Change difference (+/-) |
|
|
-88,00 |
|
3. Changes in current capital |
-338.574,93 |
-247.359,84 |
64.888,88 |
|
a) Stocks (+/-) |
-184.527,53 |
92.910,03 |
422.235,00 |
|
b) Debtors and other receivable accounts
(+/-) |
43.390,84 |
-227.459,01 |
192.881,00 |
|
d) Creditors and other payable accounts
(+/-) |
-197.438,24 |
-112.810,86 |
-550.227,12 |
|
4. Other cash flow coming from operating
activities |
|
|
32.105,00 |
|
c) Interests collections (+) |
|
|
2.295,00 |
|
d) Collections (payments) for profit tax
(+/-) |
|
|
29.810,00 |
|
5. Cash flow coming from operating
activities (1 + 2 + 3 + 4) |
5.982,93 |
-43.889,45 |
97.665,71 |
|
B) CASH FLOW COMING FROM INVESTING
ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-659,09 |
|
-3.890,00 |
|
c) Tangible assets |
|
|
-3.087,00 |
|
e) Other financial assets |
-659,09 |
|
-803,00 |
|
7. Disinvestment collections (+) |
2.866,00 |
2.115,38 |
|
|
c) Tangible assets |
2.866,00 |
1.312,00 |
|
|
e) Other financial assets |
|
803,38 |
|
|
8. Cash Flow in investment activities (6 +
7) |
2.206,91 |
2.115,38 |
-3.890,00 |
|
C) CASH FLOW COMING FROM FINANCING
ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and
payments |
14.242,94 |
-1,00 |
400.150,00 |
|
a) Net worth instruments issue (+) |
14.242,94 |
|
400.150,00 |
|
b) Net worth instruments amortization (-) |
|
-1,00 |
|
|
10. Financial liabilities instruments
collections and payments |
|
|
-425.836,00 |
|
b) Return and amortization of |
|
|
-425.836,00 |
|
3. Debts with group and
associated companies (-) |
|
|
-425.836,00 |
|
11. Payments for dividends and
remunerations of other net worth instruments |
|
|
|
|
12. Cash Flow in financing activities (9 +
10 + 11) |
14.242,94 |
-1,00 |
-25.686,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE /
REDUCTION (5 + 8 + 12 + D) |
22.432,78 |
-41.775,07 |
68.089,71 |
|
Cash or equivalents at the beginning of
the exercise |
347.149,17 |
392.511,45 |
324.420,50 |
|
Cash or equivalents at the end of the
exercise |
295.616,39 |
347.149,17 |
392.511,45 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
702.611,68 |
53,00 |
459.214,39 |
76,26 |
260.527,49 |
|
Working capital ratio |
0,20 |
50,00 |
0,14 |
75,00 |
0,08 |
|
Soundness Ratio |
111,58 |
104,21 |
54,64 |
988,45 |
5,02 |
|
Average Collection Period (days) |
105 |
-8,44 |
115 |
11,89 |
103 |
|
Average Payment Period (days) |
114 |
-11,48 |
129 |
0,85 |
127 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
125,84 |
8,49 |
115,98 |
6,67 |
108,74 |
|
Quick Ratio (%) |
10,87 |
-10,02 |
12,08 |
-8,21 |
13,16 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
0,06 |
111,76 |
-0,51 |
-146,36 |
1,10 |
|
Auto financing generated by Assets (%) |
0,18 |
113,74 |
-1,31 |
-144,41 |
2,95 |
|
Breakdown Point |
1,04 |
1,96 |
1,02 |
2,00 |
1,00 |
|
Average Sales Volume per Employee |
1.557.023,36 |
13,58 |
1.370.829,91 |
-7,22 |
1.477.482,54 |
|
Average Cost per Employee |
67.503,66 |
1,47 |
66.526,95 |
1,87 |
65.302,97 |
|
Assets Turnover |
2,71 |
4,63 |
2,58 |
-3,36 |
2,68 |
|
Inventory Turnover (days) |
18 |
72,41 |
10 |
-27,50 |
14 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
10,03 |
64,70 |
6,09 |
480,00 |
1,05 |
|
Operating Profitability (%) |
10,12 |
63,75 |
6,18 |
442,11 |
1,14 |
|
Return on Equity (ROE) (%) |
48,60 |
11,72 |
43,50 |
281,58 |
11,40 |
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 |
0,19 |
40,98 |
-40,79 |
|
A) CURRENT ASSETS |
99,81 |
59,02 |
40,79 |
|
LIABILITIES |
|||
|
A) NET WORTH |
20,68 |
44,10 |
-23,42 |
|
B) NON CURRENT LIABILITIES |
|
17,08 |
|
|
C) CURRENT LIABILITIES |
79,32 |
38,82 |
40,50 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,49 |
98,51 |
0,98 |
|
Other operating income |
0,51 |
1,49 |
-0,98 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-85,98 |
-59,71 |
-26,27 |
|
Variation in stocks of finished goods and work
in progress |
|
0,78 |
|
|
GROSS MARGIN |
14,02 |
41,06 |
-27,04 |
|
Other operating costs |
-6,00 |
-16,43 |
10,43 |
|
Labour cost |
-4,31 |
-17,32 |
13,01 |
|
GROSS OPERATING RESULT |
3,71 |
7,32 |
-3,61 |
|
Amortization of fixed assets |
-0,03 |
-4,14 |
4,11 |
|
Deterioration and result for fixed assets
disposal |
|
0,08 |
|
|
Other expenses / income |
|
0,26 |
|
|
NET OPERATING RESULT |
3,68 |
3,51 |
0,17 |
|
Financial result |
0,01 |
-0,98 |
0,99 |
|
RESULT BEFORE TAX |
3,69 |
2,53 |
1,16 |
|
Taxes on profits |
-1,11 |
-0,73 |
-0,38 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
2,58 |
1,80 |
0,78 |
|
Exercise result coming from discontinued
operations net of taxes |
|
0,00 |
|
|
NET RESULT |
2,58 |
1,80 |
0,78 |
|
Amortization of fixed assets |
-0,03 |
-4,14 |
4,11 |
|
Deterioration and provisions variation |
|
-0,26 |
|
|
|
2,61 |
6,20 |
-3,59 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
702.611,68 |
650.104,45 |
1.885.479,85 |
3.928.745,07 |
|
Working capital ratio |
0,20 |
0,06 |
0,18 |
0,38 |
|
Soundness Ratio |
111,58 |
0,66 |
1,12 |
2,04 |
|
Average Collection Period (days) |
105 |
70 |
95 |
113 |
|
Average Payment Period (days) |
114 |
69 |
93 |
119 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
125,84 |
112,13 |
144,08 |
229,02 |
|
Quick Ratio (%) |
10,87 |
2,92 |
9,06 |
39,29 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
|
11,06 |
27,54 |
42,86 |
|
External Financing Average Cost |
|
0,03 |
0,04 |
0,05 |
|
Debt Service Coverage |
|
1,04 |
2,61 |
6,97 |
|
Interest Coverage |
|
0,74 |
2,16 |
9,51 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
0,06 |
3,00 |
5,75 |
9,19 |
|
Auto financing generated by Assets (%) |
0,18 |
3,53 |
7,16 |
10,51 |
|
Breakdown Point |
1,04 |
1,01 |
1,03 |
1,06 |
|
Average Sales Volume per Employee |
1.557.023,36 |
146.612,52 |
203.706,39 |
301.234,45 |
|
Average Cost per Employee |
67.503,66 |
29.720,75 |
35.163,62 |
40.083,72 |
|
Assets Turnover |
2,71 |
0,93 |
1,20 |
1,60 |
|
Inventory Turnover (days) |
18 |
52 |
81 |
118 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
10,03 |
0,86 |
3,40 |
7,63 |
|
Operating Profitability (%) |
10,12 |
5,25 |
8,86 |
13,21 |
|
Return on Equity (ROE) (%) |
48,60 |
0,39 |
5,10 |
14,21 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.41 |
|
|
1 |
Rs.90.38 |
|
Euro |
1 |
Rs.77.61 |
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.