MIRA
INFORM REPORT
|
Report Date : |
12.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MARROQUINERIA VLADY SL |
|
|
|
|
Registered Office : |
Calle C (Pg Ind Cavila), Esquina Cl F 30400 Caravaca De La Cruz Murcia |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.2001 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of clothing and footwear |
|
|
|
|
No. of Employees : |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List 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
MARROQUINERIA VLADY SL
CIF/NIF: B73151029
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: MARROQUINERIA VLADY SL
Commercial name: THE TRUE BAG COMPANY; NE VLADY
Other names: YES
Current Address: CALLE C (PG IND
CAVILA), ESQUINA CL F
30400 CARAVACA DE LA CRUZ MURCIA
Telephone number: 968703036
Fax: 968701071
Corporate e-mail: vlady@vlady.es
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): 2.159.603,66 (Mercantile Register)
Result: 22.254,87
Total Assets: 920.554,82
Share capital: 261.009,02
Employees: 2
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 02/10/2001
Activity: Wholesale of footwear, furrier , etc.
NACE 2009 CODE: 4642
International Operations: Imports and
Exports
Corporate Structure
Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 19/10/2011 Annual Filed Accounts
Latest press article: No press articles registered.
Bank Entities: There are
TRADE RISK
Financial situation
|
Exercise:2011 |
Evolution |
|||
|
Immediate
liquidity |
Degraded |
|
|
|
|
Indebtedness |
Average |
|
|
|
|
Profitability |
Sufficient |
|
|
|
|
Soundness |
Very good |
|
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
Rating Explanation
Financial situation
The companys financial situation is normal.
The companys financial situation evolution has
been stable.
The sales evolution has been positive
not the results one, which has been stable.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is very
small 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 |
|
19/12/2012 |
Increase |
10 |
New financial statements have been uploaded. |
|
30/11/2012 |
Reduction |
9 |
There has been a change in the formula version. |
|
23/11/2011 |
Reduction |
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
03/07/2013 08:07:11
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 |
192.534,88 |
20,92 |
219.179,10 |
22,47 |
256.448,94 |
26,93 |
|
B) CURRENT ASSETS |
728.019,94 |
79,08 |
756.084,93 |
77,53 |
695.757,21 |
73,07 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
352.661,03 |
38,31 |
330.406,16 |
33,88 |
308.481,08 |
32,40 |
|
B) NON CURRENT LIABILITIES |
124.229,29 |
13,50 |
146.170,71 |
14,99 |
184.255,32 |
19,35 |
|
C) CURRENT LIABILITIES |
443.664,50 |
48,20 |
498.687,16 |
51,13 |
459.469,75 |
48,25 |
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 |
2.159.603,66 |
|
1.728.293,79 |
|
1.693.797,23 |
|
|
GROSS MARGIN |
438.281,35 |
20,29 |
375.913,99 |
21,75 |
374.840,92 |
22,13 |
|
EBITDA |
74.871,09 |
3,47 |
83.072,34 |
4,81 |
84.735,87 |
5,00 |
|
EBIT |
62.371,59 |
2,89 |
70.146,66 |
4,06 |
73.051,74 |
4,31 |
|
NET RESULT |
22.254,87 |
1,03 |
21.925,08 |
1,27 |
32.065,60 |
1,89 |
|
EFFECTIVE TAX RATE (%) |
20,61 |
0,00 |
25,00 |
0,00 |
25,00 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
20,92 |
34,14 |
-13,22 |
|
A) CURRENT ASSETS |
79,08 |
65,86 |
13,22 |
|
LIABILITIES |
|||
|
A) NET WORTH |
38,31 |
46,58 |
-8,27 |
|
B) NON CURRENT LIABILITIES |
13,50 |
14,60 |
-1,10 |
|
C) CURRENT LIABILITIES |
48,20 |
38,82 |
9,38 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
100,00 |
98,12 |
1,88 |
|
GROSS MARGIN |
20,29 |
36,79 |
-16,50 |
|
EBITDA |
3,47 |
4,11 |
-0,64 |
|
EBIT |
2,89 |
2,49 |
0,40 |
|
NET RESULT |
1,03 |
0,73 |
0,30 |
Sector Composition
Compared sector (NACE 2009): 4642
Number of companies: 945
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 |
22.254,87 |
Legal Reserve |
1.970,39 |
|
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 |
17.733,55 |
|
Total of Amounts to be distributed |
22.254,87 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
2.550,93 |
|
|
|
Application total |
22.254,87 |
ADDRESSES
Current Legal Seat Address:
CALLE C (PG IND CAVILA), ESQUINA CL F
30400 CARAVACA DE LA CRUZ MURCIA
Previous Seat Address:
PASEO ESTACION (POL IND EL SALVADOR) NAVE 2
30400 CARAVACA
DE LA CRUZ MURCIA
Characteristics of the current address
Type of establishment: store
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
POLIGONO INDUSTRIAL CAVILA CL F ESQUINA C |
30400 |
CARAVACA DE LA CRUZ |
Murcia |
|
CARRETERA GRANADA, 55 |
30400 |
CARAVACA DE LA CRUZ |
Murcia |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 3 members (latest change:
19/11/2001) Operative Board Members : 4 (latest change: 03/11/2011) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
ADMINISTRATOR |
MARIN PEREZ, JUAN RAMON |
19/11/2001 |
|
ADMINISTRATOR |
MARIN LAG, JOSE MANUEL |
19/11/2001 |
|
ADMINISTRATOR |
MARIN LAG, LAURA PILAR |
19/11/2001 |
|
|
|
|
|
POSITION |
NAME AND SURNAME |
|
Manager |
MARIN LAG, JOSE MANUEL |
|
Financial Manager |
MARIN LAG, LAURA PILAR |
|
Human Resources Director |
MARIN LAG, LAURA PILAR |
|
Commercial Director |
MARIN LAG, JOSE MANUEL |
FINANCIAL LINKS
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
MARIN LAG JOSE MANUEL |
|
Indef. |
OWN SOURCES |
08/07/2013 |
|
MARIN LAG LAURA PILAR |
|
Indef. |
OWN SOURCES |
08/07/2013 |
|
MARIN PEREZ JUAN RAMON |
|
Indef. |
OWN SOURCES |
08/07/2013 |
|
MARIN PEREZ JUAN RAMON |
|
Indef. |
OWN SOURCES |
08/07/2013 |
POTENTIAL LINKS
Search Criterion: MARROQUINERIA VLADY SL
URL: www.leatherindia.org
Chairmans Note - Council for Leather Exports Apr 8, 2011
... Marroquineria Vlady SL. Moda XXI Import SL. Modapiel. Multiservice Banhoff
SL. New Bag SL. Ortiz Borrajo SL. Paso Base. Paleteria Maclas.
BUSINESS INFORMATION
Incorporation date: 02/10/2001
Establishment date: 01/01/2001
Founders Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Code: 1613400
Activity: Wholesale of footwear, furrier , etc.
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: EL COMERCIO AL POR MAYOR Y AL POR MENOR DE TODO
TIPO DE ARTICULOS DE MARROQUINERIA EN PIEL Y SINTETICO.
Activity description: COMERCIO AL POR MAYOR DE BOLSOS DE PIEL Y
ARTICULOS DE PIEL.
Latest employees figure: 2 (2013)
% of fixed employees: 60,00%
% of temporary employees: 40,00%
Employees evolution
|
|
|
|
PURCHASES
Imports from: CHINA, INDIA
SALES
Local Distribution: 100%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
1356 |
AV. MARUJA GARRIDO, 8 |
CARAVACA DE LA CRUZ |
Murcia |
|
BANCO DE SABADELL, S.A. |
5247 |
AV CONSTITUCION, 6 |
CARAVACA DE LA CRUZ |
Murcia |
|
CAIXABANK, S.A. |
4341 |
AV. GRAN VIA, 55 |
CARAVACA DE LA CRUZ |
Murcia |
|
BANCO MARE NOSTRUM, S.A. |
|
|
|
|
Brand name: V (Valid)
Type: JOINT Scope: NATIONAL Date: 18/03/2009
Brand name: BAD BULL (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 21/11/2008
Brand name: VLADY (Valid)
Type: JOINT Scope: NATIONAL Date: 22/03/2007
Brand name: VLADY MARROQUINERΝA (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 09/02/2007
Brand name: THE TRUE BAG COMPANY (Valid)
Type: JOINT Scope: NATIONAL Date: 31/03/2005
LEGAL STRUCTURE
Constitution Data
Register Date: 02/10/2001
Register town: Murcia
Announcement number: 419836
Share capital: 6.009
Legal form: Limited Liability Company
Share capital: 261.009,02
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: 1 (Last: 19/11/2001)
Acts on capital: 2 (Last: 17/03/2010, first:
08/01/2010)
Acts on creation: 1 (Last: 19/11/2001)
Acts on filed accounts: 10 (Last: 19/10/2011, first:
14/10/2002)
Acts on identification: 2 (Last: 18/02/2008, first:
11/06/2004)
Acts on Information: 0
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2010) |
19/10/2011 |
825036 |
Murcia |
|
Annual Filed Accounts (2009) |
05/10/2010 |
749229 |
Murcia |
|
Capital enlargement (IA) |
17/03/2010 |
112682 |
Murcia |
|
Capital enlargement (IA) |
08/01/2010 |
7223 |
Murcia |
|
Annual Filed Accounts (2008) |
20/10/2009 |
692350 |
Murcia |
|
Annual Filed Accounts (2007) |
20/10/2009 |
688243 |
Murcia |
|
Annual Filed Accounts (2006) |
21/02/2008 |
75920 |
Murcia |
|
Annual Filed Accounts (2005) |
21/02/2008 |
75349 |
Murcia |
|
Annual Filed Accounts (2004) |
21/02/2008 |
75232 |
Murcia |
|
Annual Filed Accounts (2003) |
21/02/2008 |
75177 |
Murcia |
PRESS ARTICLES
No press articles registered
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 18/12/2012.
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 |
192.534,88 |
20,92 |
219.179,10 |
22,47 |
256.448,94 |
26,93 |
|
I. Intangible assets |
2.531,26 |
0,27 |
0,01 |
0,00 |
0,01 |
0,00 |
|
II. Tangible fixed assets |
59.418,40 |
6,45 |
70.758,18 |
7,26 |
82.442,31 |
8,66 |
|
III. Real-estate investments |
121.745,22 |
13,23 |
140.730,60 |
14,43 |
159.007,95 |
16,70 |
|
IV. Long term investments in associated and
affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
8.840,00 |
0,96 |
6.840,00 |
0,70 |
6.840,00 |
0,72 |
|
VI. Assets by deferred taxes |
|
|
850,31 |
0,09 |
8.158,67 |
0,86 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
728.019,94 |
79,08 |
756.084,93 |
77,53 |
695.757,21 |
73,07 |
|
I. Stocks |
350.251,00 |
38,05 |
404.664,87 |
41,49 |
402.080,65 |
42,23 |
|
II. Trade Debtors and other receivable
accounts |
357.693,67 |
38,86 |
311.759,15 |
31,97 |
259.057,05 |
27,21 |
|
1. Clients |
357.693,67 |
38,86 |
299.146,91 |
30,67 |
256.881,30 |
26,98 |
|
b) Clients for sales and
short term services rendering |
357.693,67 |
38,86 |
299.146,91 |
30,67 |
256.881,30 |
26,98 |
|
3. Other debtors |
|
|
12.612,24 |
1,29 |
2.175,75 |
0,23 |
|
III. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
IV. Short term financial investments |
|
|
|
|
|
|
|
V. Short term periodifications |
|
|
|
|
|
|
|
VI. Cash and equivalents |
20.075,27 |
2,18 |
39.660,91 |
4,07 |
34.619,51 |
3,64 |
|
TOTAL ASSETS (A + B) |
920.554,82 |
100,00 |
975.264,03 |
100,00 |
952.206,15 |
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 |
352.661,03 |
38,31 |
330.406,16 |
33,88 |
308.481,08 |
32,40 |
|
A-1) Equity |
352.661,03 |
38,31 |
330.406,16 |
33,88 |
308.481,08 |
32,40 |
|
I. Capital |
261.009,02 |
28,35 |
261.009,02 |
26,76 |
261.009,02 |
27,41 |
|
1. Authorized capital |
261.009,02 |
28,35 |
261.009,02 |
26,76 |
261.009,02 |
27,41 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
71.948,07 |
7,82 |
71.948,07 |
7,38 |
71.948,07 |
7,56 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-2.550,93 |
-0,28 |
-24.476,01 |
-2,51 |
-56.541,61 |
-5,94 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
22.254,87 |
2,42 |
21.925,08 |
2,25 |
32.065,60 |
3,37 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and
subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
124.229,29 |
13,50 |
146.170,71 |
14,99 |
184.255,32 |
19,35 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
124.229,29 |
13,50 |
146.170,71 |
14,99 |
184.255,32 |
19,35 |
|
1. Debts with bank entities |
124.229,29 |
13,50 |
146.170,71 |
14,99 |
184.255,32 |
19,35 |
|
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 |
443.664,50 |
48,20 |
498.687,16 |
51,13 |
459.469,75 |
48,25 |
|
I. Short term provisions |
|
|
|
|
|
|
|
II. Short term debts |
211.428,97 |
22,97 |
233.606,76 |
23,95 |
240.765,17 |
25,28 |
|
1. Debts with bank entities |
211.428,97 |
22,97 |
233.606,76 |
23,95 |
240.765,17 |
25,28 |
|
III. Short term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
IV. Trade creditors and other payable
accounts |
232.235,53 |
25,23 |
265.080,40 |
27,18 |
218.704,58 |
22,97 |
|
1. Suppliers |
136.333,31 |
14,81 |
186.923,82 |
19,17 |
137.438,56 |
14,43 |
|
b) Short term suppliers |
136.333,31 |
14,81 |
186.923,82 |
19,17 |
137.438,56 |
14,43 |
|
2. Other creditors |
95.902,22 |
10,42 |
78.156,58 |
8,01 |
81.266,02 |
8,53 |
|
V. Short term periodifications |
|
|
|
|
|
|
|
VI. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
920.554,82 |
100,00 |
975.264,03 |
100,00 |
952.206,15 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
2.159.603,66 |
100,00 |
1.728.293,79 |
100,00 |
1.693.797,23 |
100,00 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-1.721.322,31 |
-79,71 |
-1.352.379,80 |
-78,25 |
-1.318.956,31 |
-77,87 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-99.530,57 |
-4,61 |
-95.595,66 |
-5,53 |
-108.841,36 |
-6,43 |
|
7. Other operating costs |
-272.044,39 |
-12,60 |
-199.285,21 |
-11,53 |
-270.379,04 |
-15,96 |
|
8. Amortization of fixed assets |
-12.399,82 |
-0,57 |
-11.684,13 |
-0,68 |
-11.684,13 |
-0,69 |
|
9. Allocation of subventions on non financial
investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed
assets disposal |
-99,68 |
0,00 |
-1.241,55 |
-0,07 |
|
|
|
12. Other results |
8.164,70 |
0,38 |
2.039,22 |
0,12 |
89.115,35 |
5,26 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6
+ 7 + 8 + 9 + 10 + 11 + 12) |
62.371,59 |
2,89 |
70.146,66 |
4,06 |
73.051,74 |
4,31 |
|
13. Financial income |
0,06 |
0,00 |
0,23 |
0,00 |
0,07 |
0,00 |
|
b) Other financial income |
0,06 |
0,00 |
0,23 |
0,00 |
0,07 |
0,00 |
|
14. Financial expenses |
-40.110,00 |
-1,86 |
-40.142,42 |
-2,32 |
-30.411,68 |
-1,80 |
|
15. Reasonable value variation on
financial instruments |
|
|
|
|
|
|
|
16. Exchange differences |
5.769,52 |
0,27 |
-771,03 |
-0,04 |
114,01 |
0,01 |
|
17. Deterioration and result for disposal
of financial instruments |
|
|
|
|
|
|
|
18. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (13 + 14 + 15 + 16 +
17 + 18) |
-34.340,42 |
-1,59 |
-40.913,22 |
-2,37 |
-30.297,60 |
-1,79 |
|
C) RESULT BEFORE TAXES (A + B) |
28.031,17 |
1,30 |
29.233,44 |
1,69 |
42.754,14 |
2,52 |
|
19. Taxes on profits |
-5.776,30 |
-0,27 |
-7.308,36 |
-0,42 |
-10.688,54 |
-0,63 |
|
D) EXERCISE RESULT (C + 19) |
22.254,87 |
1,03 |
21.925,08 |
1,27 |
32.065,60 |
1,89 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
For the financial statements presented under the SMEs model (PYMES), the
Net Worth Changes Status is formed by a single table. For the rest of the
cases there would be shown the two tables corresponding to the mentioned status
with the exception of the company not having operations reflected in the
Status of recognized income and expenses and that, for this reason, it has no
data.
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 1 /2) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
6.010,12 |
77.299,79 |
|
-56.541,61 |
|
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) |
6.010,12 |
77.299,79 |
|
-56.541,61 |
|
I. Profit and loss account result |
|
|
|
32.065,60 |
|
II. Recognized income and expenses in net
worth |
|
|
|
|
|
III. Operations with partners or owners |
254.998,90 |
|
|
|
|
1. Capital Increases |
254.998,90 |
|
|
|
|
IV. Other net worth variations |
|
-5.351,72 |
-56.541,61 |
56.541,61 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
261.009,02 |
71.948,07 |
-56.541,61 |
32.065,60 |
|
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) |
261.009,02 |
71.948,07 |
-56.541,61 |
32.065,60 |
|
I. Profit and loss account result |
|
|
|
21.925,08 |
|
II. Recognized income and expenses in net
worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
|
32.065,60 |
-32.065,60 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
261.009,02 |
71.948,07 |
-24.476,01 |
21.925,08 |
|
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) |
261.009,02 |
71.948,07 |
-24.476,01 |
21.925,08 |
|
I. Profit and loss account result |
|
|
|
22.254,87 |
|
II. Recognized income and expenses in net
worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
|
21.925,08 |
-21.925,08 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
261.009,02 |
71.948,07 |
-2.550,93 |
22.254,87 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
26.768,30 |
|
||
|
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) |
26.768,30 |
|
||
|
I. Profit and loss account result |
32.065,60 |
|
||
|
II. Recognized income and expenses in net
worth |
|
|
||
|
III. Operations with partners or owners |
254.998,90 |
|
||
|
1. Capital Increases |
254.998,90 |
|
||
|
IV. Other net worth variations |
-5.351,72 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
308.481,08 |
|
||
|
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) |
308.481,08 |
|
||
|
I. Profit and loss account result |
21.925,08 |
|
||
|
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) |
330.406,16 |
|
||
|
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) |
330.406,16 |
|
||
|
I. Profit and loss account result |
22.254,87 |
|
||
|
II. Recognized income and expenses in net
worth |
|
|
||
|
III. Operations with partners or owners |
|
|
||
|
IV. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
352.661,03 |
|
||
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
284.355,44 |
10,47 |
257.397,77 |
8,93 |
236.287,46 |
|
Working capital ratio |
0,31 |
19,23 |
0,26 |
4,00 |
0,25 |
|
Soundness Ratio |
1,83 |
21,19 |
1,51 |
25,83 |
1,20 |
|
Average Collection Period (days) |
60 |
-7,78 |
65 |
17,65 |
55 |
|
Average Payment Period (days) |
42 |
-31,58 |
62 |
23,91 |
50 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
164,09 |
8,22 |
151,62 |
0,13 |
151,43 |
|
Quick Ratio (%) |
4,52 |
-43,02 |
7,95 |
5,44 |
7,54 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
36,46 |
-6,37 |
38,94 |
-12,77 |
44,64 |
|
External Financing Average Cost |
0,12 |
9,09 |
0,11 |
57,14 |
0,07 |
|
Debt Service Coverage |
9,69 |
-14,25 |
11,30 |
16,26 |
9,72 |
|
Interest Coverage |
1,56 |
-10,86 |
1,75 |
-27,08 |
2,40 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
1,60 |
-17,44 |
1,94 |
-24,42 |
2,58 |
|
Auto financing generated by Assets (%) |
3,76 |
9,28 |
3,45 |
-25,00 |
4,60 |
|
Breakdown Point |
1,03 |
-0,96 |
1,04 |
-0,95 |
1,04 |
|
Average Sales Volume per Employee |
431.920,73 |
-12,53 |
493.798,23 |
89,50 |
260.584,19 |
|
Average Cost per Employee |
19.906,11 |
-27,12 |
27.313,05 |
63,11 |
16.744,82 |
|
Assets Turnover |
2,35 |
32,77 |
1,77 |
-0,56 |
1,78 |
|
Inventory Turnover (days) |
73 |
-32,11 |
108 |
-1,97 |
110 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
6,78 |
-5,70 |
7,19 |
-6,26 |
7,67 |
|
Operating Profitability (%) |
8,11 |
-1,82 |
8,26 |
-7,19 |
8,90 |
|
Return on Equity (ROE) (%) |
7,95 |
-10,17 |
8,85 |
-36,15 |
13,86 |
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 |
20,92 |
34,14 |
-13,22 |
|
A) CURRENT ASSETS |
79,08 |
65,86 |
13,22 |
|
LIABILITIES |
|||
|
A) NET WORTH |
38,31 |
46,58 |
-8,27 |
|
B) NON CURRENT LIABILITIES |
13,50 |
14,60 |
-1,10 |
|
C) CURRENT LIABILITIES |
48,20 |
38,82 |
9,38 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,12 |
1,88 |
|
Other operating income |
|
1,88 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-79,71 |
-64,79 |
-14,92 |
|
Variation in stocks of finished goods and work in progress |
|
1,57 |
|
|
GROSS MARGIN |
20,29 |
36,79 |
-16,50 |
|
Other operating costs |
-12,60 |
-16,98 |
4,38 |
|
Labour cost |
-4,61 |
-16,20 |
11,59 |
|
GROSS OPERATING RESULT |
3,09 |
3,61 |
-0,52 |
|
Amortization of fixed assets |
-0,57 |
-1,74 |
1,17 |
|
Deterioration and result for fixed assets disposal |
0,00 |
0,11 |
-0,11 |
|
Other expenses / income |
|
0,51 |
|
|
NET OPERATING RESULT |
2,89 |
2,49 |
0,40 |
|
Financial result |
-1,59 |
-1,38 |
-0,21 |
|
RESULT BEFORE TAX |
1,30 |
1,11 |
0,19 |
|
Taxes on profits |
-0,27 |
-0,38 |
0,11 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,03 |
0,73 |
0,30 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,03 |
0,73 |
0,30 |
|
Amortization of fixed assets |
-0,57 |
-1,74 |
1,17 |
|
Deterioration and provisions variation |
0,00 |
0,12 |
-0,12 |
|
|
1,61 |
2,35 |
-0,74 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
284.355,44 |
14.946,55 |
79.560,45 |
258.431,51 |
|
Working capital ratio |
0,31 |
0,07 |
0,24 |
0,47 |
|
Soundness Ratio |
1,83 |
0,84 |
2,01 |
5,12 |
|
Average Collection Period (days) |
60 |
24 |
59 |
116 |
|
Average Payment Period (days) |
42 |
60 |
103 |
181 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
164,09 |
112,76 |
147,38 |
251,95 |
|
Quick Ratio (%) |
4,52 |
4,31 |
20,06 |
58,51 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
36,46 |
4,48 |
22,54 |
45,49 |
|
External Financing Average Cost |
0,12 |
0,02 |
0,04 |
0,09 |
|
Debt Service Coverage |
9,69 |
0,00 |
2,74 |
12,66 |
|
Interest Coverage |
1,56 |
0,42 |
1,65 |
5,29 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
1,60 |
0,37 |
2,13 |
4,60 |
|
Auto financing generated by Assets (%) |
3,76 |
0,33 |
2,62 |
5,57 |
|
Breakdown Point |
1,03 |
1,00 |
1,02 |
1,05 |
|
Average Sales Volume per Employee |
431.920,73 |
72.705,91 |
121.173,71 |
226.947,20 |
|
Average Cost per Employee |
19.906,11 |
13.680,00 |
20.126,53 |
27.328,84 |
|
Assets Turnover |
2,35 |
0,61 |
1,13 |
1,82 |
|
Inventory Turnover (days) |
73 |
41 |
149 |
338 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
6,78 |
-0,01 |
2,61 |
6,02 |
|
Operating Profitability (%) |
8,11 |
0,88 |
4,44 |
8,33 |
|
Return on Equity (ROE) (%) |
7,95 |
-1,25 |
4,00 |
14,11 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.64 |
|
|
1 |
Rs.90.14 |
|
Euro |
1 |
Rs.77.98 |
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 SCs credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.