MIRA INFORM REPORT
|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TEXTIMAX SPAIN SL |
|
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Registered Office : |
|
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Country : |
Spain |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.03.2006 |
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|
Legal Form : |
Limited Liability Company |
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|
Line of Business : |
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No. of Employees : |
02 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
No Complaints |
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|
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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 |
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
TEXTIMAX SPAIN SL
CIF/NIF: B84639962
Company situation: Active
INFORMATION OF THE
REQUEST
Data of your
request
|
|
|
|
CIF / NIF B84639962 Registered Name TEXTIMAX
SPAIN SL Complete Address JULIAN
CAMARILLO, 47 28 Request reason max
credit |
Year of the accounts to be delivered 2011 Language Inglιs Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference
Number 229043 |
Answer to the data
in your request
The data of your request have been confirmed and are correct.
In spite of investigations using every source available (public and private), no additional details than those contained in this report are available.
The NIF provided is registered as IVA (VAT) operator.
EXECUTIVE SUMMARY
Identification
Current Business Name: TEXTIMAX SPAIN SL
Other names: NO
Current Address: CALLE JULIAN CAMARILLO, 47
Telephone number: 913758059 Fax: 913759466
Trade Risk
Incidents: YES
R.A.I.: NO
Financial Information
Balance sheet latest sales (2011): 1.700.292,85 (Mercantile Register)
Result: 27.932,68
Total Assets: 569.385,31
Share capital: 33.066,00
Employees: 2
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 08/03/2006
Activity: Wholesale of textile, clothing,
footwear.
NACE 2009 CODE: 4642
International Operations: Imports and
Exports
Corporate
Structure
Sole Administrator:
Other
Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 11/09/2012 Appointments
Latest press article: No press articles registered for this company
Bank Entities:
The date when this report was last updated is 19/07/2013.
The information contained in this report has been investigated and contrasted on 19/07/2013
Financial situation
|
Exercise:2011 |
|
|||
|
Immediate
liquidity |
|
Good |
|
|
|
Indebtedness |
|
Average |
|
|
|
Profitability |
|
Sufficient |
|
|
|
Soundness |
|
Excellent |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Good |
Rating Explanation
Financial situation
The companys financial situation is good.
The sales evolution and results has
been positive.
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 |
|
30/11/2012 |
Reduction |
14 |
There has been a change in the formula version. |
|
02/11/2012 |
Increase |
16 |
New financial statements have been uploaded. |
|
24/11/2011 |
Equal |
13 |
New financial statements have been uploaded. |
INCIDENTS 
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: 1 ( Last:15/03/2008 )
|
|
|
|
|
With the Social Security: |
1 |
|
|
With the Tax Authorities: |
0 |
|
|
With Other Official bodies: |
0 |
|
AFFECTED BY: No significant element.
Latest
Administrative Claims
figures expressed in
WITH THE SOCIAL SECURITY.
Seizures
|
DATE |
ORGANIZATION |
AMOUNT |
|
15/03/2008 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
MADRID |
|
There are 1 administrative claims with the Social Security
registered
Detail of the
Latest Administrative Claims
figures expressed in
Seizures
WITH THE SOCIAL SECURITY.
Phase: SEIZURE
Organization: CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE MADRID
Concept: Share
Date of the claim: 15/03/2008
Source: Published in the Gazette of MADRID Appendix 02, on 15/03/2008, page 272
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
15/07/2013 10:07:36
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 |
12.431,92 |
2,18 |
13.095,46 |
2,90 |
12.181,78 |
1,81 |
|
B) CURRENT ASSETS |
556.953,39 |
97,82 |
439.223,60 |
97,10 |
662.560,64 |
98,19 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
172.956,67 |
30,38 |
145.023,99 |
32,06 |
143.072,24 |
21,20 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
396.428,64 |
69,62 |
307.295,07 |
67,94 |
531.670,18 |
78,80 |
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 |
1.700.292,85 |
|
1.119.865,73 |
|
1.379.053,14 |
|
|
GROSS MARGIN |
349.587,02 |
20,56 |
265.942,60 |
23,75 |
311.511,26 |
22,59 |
|
EBITDA |
105.020,66 |
6,18 |
61.957,60 |
5,53 |
89.698,09 |
6,50 |
|
EBIT |
103.464,43 |
6,09 |
60.861,87 |
5,43 |
88.644,22 |
6,43 |
|
NET RESULT |
27.932,68 |
1,64 |
1.951,75 |
0,17 |
5.277,96 |
0,38 |
|
EFFECTIVE TAX RATE (%) |
20,00 |
0,00 |
20,00 |
0,00 |
20,00 |
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 |
2,18 |
34,14 |
-31,96 |
|
A) CURRENT ASSETS |
97,82 |
65,86 |
31,96 |
|
LIABILITIES |
|||
|
A) NET WORTH |
30,38 |
46,58 |
-16,20 |
|
B) NON CURRENT LIABILITIES |
|
14,60 |
|
|
C) CURRENT LIABILITIES |
69,62 |
38,82 |
30,80 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
100,00 |
98,12 |
1,88 |
|
GROSS MARGIN |
20,56 |
36,79 |
-16,23 |
|
EBITDA |
6,18 |
4,11 |
2,07 |
|
EBIT |
6,09 |
2,49 |
3,60 |
|
NET RESULT |
1,64 |
0,73 |
0,91 |
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 |
27.932,68 |
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 |
27.932,68 |
|
Total of Amounts to be distributed |
27.932,68 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
27.932,68 |
company ADDRESSES
Current Legal Seat Address:
CALLE JULIAN CAMARILLO, 47
28037 MADRID
Previous Seat Address:
PASEO CASTELLANA 115
28046 MADRID
Characteristics of
the current address
Type of establishment: office
Owners: rented
Local Situation: main
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
Governing body : 1 member (latest change: 01/12/2011)
Other Positions : 2 (latest change: 30/08/2012)
Operative Board Members : 3 (latest change: 16/10/2012)
Non-current positions : 4 (latest change: 01/12/2011)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
CALLE QUIROS, LUIS SANTIAGO |
01/12/2011 |
|
|
|
|
|
POSITION |
NAME AND SURNAME |
|
Manager |
CALLE QUIROS, LUIS SANTIAGO |
|
Financial Manager |
CALLE QUIROS, LUIS SANTIAGO |
|
Commercial Director |
CALLE QUIROS, LUIS SANTIAGO |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CASTIZAL MADRILEΡA SL |
B97800221 |
Indef. |
OWN SOURCES |
16/10/2012 |
|
|
CALLE QUIROS LUIS SANTIAGO |
|
Indef. |
OWN SOURCES |
19/07/2013 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SANZ MONTERO PEDRO |
|
Indef. |
OWN SOURCES |
16/10/2012 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: LUIS SANTIAGO CALLE QUIROS
|
COMPANY |
POSITION |
PROVINCE |
|
CASTIZAL MADRILEΡA SL |
Administrador Ϊnico |
MADRID |
BUSINESS INFORMATION
Incorporation date: 08/03/2006
Establishment date: 01/01/2006
Founders Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Wholesale of textile, clothing, footwear.
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: LA EXPLOTACION DE TODO TIPO DE NEGOCIOS Y
ESTABLECIMIENTOS RELACIONADOS CON LA INDUSTRIA TEXTIL; EN CUALESQUIERA DE SUS
CATEGORIAS; TIPOS O FORMAS
Activity description: COMERCIO AL MAYOR DE PRODUCTOS TEXTILES
Latest employees figure: 2 (2013)
% of fixed employees: 100,00%
% of women: 100,00%
Employees
evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
|
3 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 77%
Imports from: UE Y OTROS PAΝSES
National Distribution: 23%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
|
|
MADRID |
|
|
BANCO SANTANDER, S.A. |
|
|
MADRID |
|
|
CAIXABANK, S.A. |
|
|
MADRID |
|
LEGAL STRUCTURE
Constitution Data
Register Date: 08/03/2006
Register town: Madrid
Announcement number: 192687
Register data:
Volume 22527, Folio 121, Section 8, Sheet 402618,
Inscription I/A 1 (2006-03-28)
Share capital: 3.006
Legal form: Limited Liability Company
Share capital: 33.066,00
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E.
(OFFICIAL GAZETTE OF
THE MERCANTILE REGISTER)
· Acts on activity: 0
· Acts on administrators: 8 (Last: 11/09/2012, first: 10/04/2006)
· Acts on capital: 1 (Last: 07/12/2009)
· Acts on creation: 1 (Last: 10/04/2006)
· Acts on filed accounts: 5 (Last: 04/10/2011, first: 06/09/2007)
· Acts on identification: 1 (Last: 07/03/2008)
· Acts on Information: 2 (Last: 15/12/2011, first: 15/11/2007)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
11/09/2012 |
372368 |
Madrid |
|
Modification of the Articles of Association |
15/12/2011 |
498231 |
Madrid |
|
Appointments |
15/12/2011 |
498231 |
Madrid |
|
Resignations |
15/12/2011 |
498231 |
Madrid |
|
Appointments |
31/10/2011 |
432676 |
Madrid |
|
Annual Filed Accounts (2010) |
04/10/2011 |
689848 |
Madrid |
|
Annual Filed Accounts (2009) |
15/02/2011 |
75585 |
Madrid |
|
Capital enlargement (IA) |
07/12/2009 |
510592 |
Madrid |
|
Annual Filed Accounts (2008) |
16/11/2009 |
857958 |
Madrid |
|
Annual Filed Accounts (2007) |
28/10/2008 |
974585 |
Madrid |
Press articles
No press articles registered for this company
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 01/11/2012.
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 |
12.431,92 |
2,18 |
13.095,46 |
2,90 |
12.181,78 |
1,81 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
12.431,92 |
2,18 |
13.095,46 |
2,90 |
12.181,78 |
1,81 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
|
|
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
556.953,39 |
97,82 |
439.223,60 |
97,10 |
662.560,64 |
98,19 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
|
|
148.098,04 |
32,74 |
70.513,89 |
10,45 |
|
III. Trade Debtors and other receivable accounts |
369.626,83 |
64,92 |
121.233,79 |
26,80 |
423.307,40 |
62,74 |
|
1. Clients |
358.858,40 |
63,03 |
99.985,22 |
22,11 |
416.450,54 |
61,72 |
|
b) Clients for sales and short term services
rendering |
358.858,40 |
63,03 |
99.985,22 |
22,11 |
416.450,54 |
61,72 |
|
3. Other debtors |
10.768,43 |
1,89 |
21.248,57 |
4,70 |
6.856,86 |
1,02 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
39.535,47 |
6,94 |
51.012,15 |
11,28 |
47.227,33 |
7,00 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
147.791,09 |
25,96 |
118.879,62 |
26,28 |
121.512,02 |
18,01 |
|
TOTAL ASSETS (A + B) |
569.385,31 |
100,00 |
452.319,06 |
100,00 |
674.742,42 |
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 |
172.956,67 |
30,38 |
145.023,99 |
32,06 |
143.072,24 |
21,20 |
|
A-1) Equity |
172.956,67 |
30,38 |
145.023,99 |
32,06 |
143.072,24 |
21,20 |
|
I. Capital |
33.066,00 |
5,81 |
33.066,00 |
7,31 |
33.066,00 |
4,90 |
|
1. Authorized capital |
33.066,00 |
5,81 |
33.066,00 |
7,31 |
33.066,00 |
4,90 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
111.957,99 |
19,66 |
110.006,24 |
24,32 |
104.728,28 |
15,52 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
27.932,68 |
4,91 |
1.951,75 |
0,43 |
5.277,96 |
0,78 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
396.428,64 |
69,62 |
307.295,07 |
67,94 |
531.670,18 |
78,80 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
|
|
|
|
7.507,95 |
1,11 |
|
3. Other short term debts |
|
|
|
|
7.507,95 |
1,11 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
396.428,64 |
69,62 |
307.295,07 |
67,94 |
524.162,23 |
77,68 |
|
2. Other creditors |
396.428,64 |
69,62 |
307.295,07 |
67,94 |
524.162,23 |
77,68 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
569.385,31 |
100,00 |
452.319,06 |
100,00 |
674.742,42 |
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 |
1.700.292,85 |
100,00 |
1.119.865,73 |
100,00 |
1.379.053,14 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-1.350.705,83 |
-79,44 |
-853.923,13 |
-76,25 |
-1.067.541,88 |
-77,41 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-101.728,59 |
-5,98 |
-99.744,63 |
-8,91 |
-113.123,77 |
-8,20 |
|
7. Other operating costs |
-142.888,74 |
-8,40 |
-104.019,12 |
-9,29 |
-108.680,12 |
-7,88 |
|
8. Amortization of fixed assets |
-1.556,23 |
-0,09 |
-1.095,73 |
-0,10 |
-1.053,87 |
-0,08 |
|
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 |
50,97 |
0,00 |
-221,25 |
-0,02 |
-9,28 |
0,00 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
103.464,43 |
6,09 |
60.861,87 |
5,43 |
88.644,22 |
6,43 |
|
14. Financial income |
21,19 |
0,00 |
47,90 |
0,00 |
170,84 |
0,01 |
|
b) Other financial income |
21,19 |
0,00 |
47,90 |
0,00 |
170,84 |
0,01 |
|
15. Financial expenses |
-57.258,18 |
-3,37 |
-49.049,29 |
-4,38 |
-33.930,32 |
-2,46 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-9.665,58 |
-0,57 |
-3.970,59 |
-0,35 |
3.853,29 |
0,28 |
|
18. Deterioration and result for disposal of financial instruments |
-1.646,01 |
-0,10 |
-5.450,20 |
-0,49 |
-52.140,58 |
-3,78 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-68.548,58 |
-4,03 |
-58.422,18 |
-5,22 |
-82.046,77 |
-5,95 |
|
C) RESULT BEFORE TAXES (A + B) |
34.915,85 |
2,05 |
2.439,69 |
0,22 |
6.597,45 |
0,48 |
|
20. Taxes on profits |
-6.983,17 |
-0,41 |
-487,94 |
-0,04 |
-1.319,49 |
-0,10 |
|
D) EXERCISE RESULT (C + 20) |
27.932,68 |
1,64 |
1.951,75 |
0,17 |
5.277,96 |
0,38 |
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 /1) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.006,00 |
56.249,59 |
78.538,69 |
137.794,28 |
|
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) |
3.006,00 |
56.249,59 |
78.538,69 |
137.794,28 |
|
I. Total recognized income and expenses |
|
|
5.277,96 |
5.277,96 |
|
II. Operations with partners or owners |
30.060,00 |
48.478,69 |
-78.538,69 |
|
|
1. Capital Increases |
30.060,00 |
|
|
|
|
2. (-) Capital reductions |
|
-30.060,00 |
|
|
|
3. Other operations with partners or owners |
|
78.538,69 |
-78.538,69 |
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
33.066,00 |
104.728,28 |
5.277,96 |
143.072,24 |
|
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) |
33.066,00 |
104.728,28 |
5.277,96 |
143.072,24 |
|
I. Total recognized income and expenses |
|
|
1.951,75 |
1.951,75 |
|
II. Operations with partners or owners |
|
5.277,96 |
-5.277,96 |
|
|
3. Other operations with partners or owners |
|
5.277,96 |
-5.277,96 |
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
33.066,00 |
110.006,24 |
1.951,75 |
145.023,99 |
|
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) |
33.066,00 |
110.006,24 |
1.951,75 |
145.023,99 |
|
I. Total recognized income and expenses |
|
|
27.932,68 |
27.932,68 |
|
II. Operations with partners or owners |
|
1.951,75 |
-1.951,75 |
|
|
3. Other operations with partners or owners |
|
1.951,75 |
-1.951,75 |
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
33.066,00 |
111.957,99 |
27.932,68 |
172.956,67 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
160.524,75 |
21,68 |
131.928,53 |
0,79 |
130.890,46 |
|
Working capital ratio |
0,28 |
-3,45 |
0,29 |
52,63 |
0,19 |
|
Soundness Ratio |
13,91 |
25,65 |
11,07 |
-5,79 |
11,74 |
|
Average Collection Period (days) |
78 |
100,93 |
39 |
-64,82 |
111 |
|
Average Payment Period (days) |
95 |
-17,45 |
116 |
-28,03 |
161 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
140,49 |
-1,71 |
142,93 |
14,69 |
124,62 |
|
Quick Ratio (%) |
47,25 |
-14,54 |
55,29 |
74,20 |
31,74 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
|
|
|
-100,00 |
1,11 |
|
External Financing Average Cost |
|
|
|
-100,00 |
4,52 |
|
Debt Service Coverage |
|
|
|
-100,00 |
1,19 |
|
Interest Coverage |
1,81 |
45,97 |
1,24 |
-52,49 |
2,61 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
1,73 |
540,74 |
0,27 |
-41,30 |
0,46 |
|
Auto financing generated by Assets (%) |
5,18 |
673,13 |
0,67 |
-28,72 |
0,94 |
|
Breakdown Point |
1,06 |
0,94 |
1,06 |
-0,93 |
1,07 |
|
Average Sales Volume per Employee |
566.764,28 |
1,22 |
559.932,86 |
-18,79 |
689.526,57 |
|
Average Cost per Employee |
33.909,53 |
-32,01 |
49.872,32 |
-11,83 |
56.561,89 |
|
Assets Turnover |
2,99 |
20,56 |
2,48 |
21,57 |
2,04 |
|
Inventory Turnover (days) |
|
-100,00 |
62 |
162,12 |
24 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
18,17 |
34,99 |
13,46 |
2,44 |
13,14 |
|
Operating Profitability (%) |
18,44 |
34,67 |
13,70 |
3,09 |
13,29 |
|
Return on Equity (ROE) (%) |
20,19 |
1.101,79 |
1,68 |
-63,56 |
4,61 |
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 |
2,18 |
34,14 |
-31,96 |
|
A) CURRENT ASSETS |
97,82 |
65,86 |
31,96 |
|
LIABILITIES |
|||
|
A) NET WORTH |
30,38 |
46,58 |
-16,20 |
|
B) NON CURRENT LIABILITIES |
|
14,60 |
|
|
C) CURRENT LIABILITIES |
69,62 |
38,82 |
30,80 |
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 |
-79,44 |
-64,79 |
-14,65 |
|
Variation in stocks of finished goods and work in progress |
|
1,57 |
|
|
GROSS MARGIN |
20,56 |
36,79 |
-16,23 |
|
Other operating costs |
-8,40 |
-16,98 |
8,58 |
|
Labour cost |
-5,98 |
-16,20 |
10,22 |
|
GROSS OPERATING RESULT |
6,17 |
3,61 |
2,56 |
|
Amortization of fixed assets |
-0,09 |
-1,74 |
1,65 |
|
Deterioration and result for fixed assets disposal |
|
0,11 |
|
|
Other expenses / income |
|
0,51 |
|
|
NET OPERATING RESULT |
6,09 |
2,49 |
3,60 |
|
Financial result |
-4,03 |
-1,38 |
-2,65 |
|
RESULT BEFORE TAX |
2,05 |
1,11 |
0,94 |
|
Taxes on profits |
-0,41 |
-0,38 |
-0,03 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,64 |
0,73 |
0,91 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,64 |
0,73 |
0,91 |
|
Amortization of fixed assets |
-0,09 |
-1,74 |
1,65 |
|
Deterioration and provisions variation |
|
0,12 |
|
|
|
1,73 |
2,35 |
-0,62 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
160.524,75 |
14.946,55 |
79.560,45 |
258.431,51 |
|
Working capital ratio |
0,28 |
0,07 |
0,24 |
0,47 |
|
Soundness Ratio |
13,91 |
0,84 |
2,01 |
5,12 |
|
Average Collection Period (days) |
78 |
24 |
59 |
116 |
|
Average Payment Period (days) |
95 |
60 |
103 |
181 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
140,49 |
112,76 |
147,38 |
251,95 |
|
Quick Ratio (%) |
47,25 |
4,31 |
20,06 |
58,51 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
|
4,48 |
22,54 |
45,49 |
|
External Financing Average Cost |
|
0,02 |
0,04 |
0,09 |
|
Debt Service Coverage |
|
0,00 |
2,74 |
12,66 |
|
Interest Coverage |
1,81 |
0,42 |
1,65 |
5,29 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
1,73 |
0,37 |
2,13 |
4,60 |
|
Auto financing generated by Assets (%) |
5,18 |
0,33 |
2,62 |
5,57 |
|
Breakdown Point |
1,06 |
1,00 |
1,02 |
1,05 |
|
Average Sales Volume per Employee |
566.764,28 |
72.705,91 |
121.173,71 |
226.947,20 |
|
Average Cost per Employee |
33.909,53 |
13.680,00 |
20.126,53 |
27.328,84 |
|
Assets Turnover |
2,99 |
0,61 |
1,13 |
1,82 |
|
Inventory Turnover (days) |
0 |
41 |
149 |
338 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
18,17 |
-0,01 |
2,61 |
6,02 |
|
Operating Profitability (%) |
18,44 |
0,88 |
4,44 |
8,33 |
|
Return on Equity (ROE) (%) |
20,19 |
-1,25 |
4,00 |
14,11 |
ADDITIONAL INFORMATION
Consulted Sources
Central Mercantile Register
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
Titular
This company has been consulted was last displayed on 10/12/2012,
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
UK Pound |
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.