MIRA INFORM REPORT
|
Report Date : |
08.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ABASIC SLU |
|
|
|
|
Registered Office : |
Paseo Del
Mare Nostrum, 15, 08039 Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.1984 |
|
|
|
|
Legal Form : |
Sole-partnered Limited Liability Company |
|
|
|
|
Line of Business : |
Retail sale of clothes |
|
|
|
|
No. of Employees : |
200 |
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 |
|
|
|
|
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
ABASIC SLU
CIF/NIF: B63054068
Company situation: Active
INFORMATION OF THE
REQUEST
Data of your
request
|
|
|
|
Registered Name ABASIC SLU Complete Address DEL
MARE NOSTRUM, 15 08 08039 Telephones 933043
164 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 224308 |
Answer to the data
in your request
The data of your request have been confirmed and are correct.
The NIF provided IS registered as IVA (VAT) operator.
EXECUTIVE SUMMARY
Identification
Current Business Name: ABASIC SLU
Commercial name: DESIGUAL
Other names: NO
Current Address: PASEO DEL MARE NOSTRUM, 15
Branches: 24
Telephone number: 933043164 Fax: 933021907
URL: www.desigual.com
Corporate e-mail: desigual@desigual.com
Financial Information
Balance sheet latest sales (2011): 323.849.841,00 (Mercantile Register)
Result: 38.031.276
Total Assets: 332.973.832
Share capital: 18.529.565,00
Employees: 200
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 19/12/2002
Activity: Retail sale of clothes
NACE 2009 CODE: 4771
International Operations: Imports and Exports
Corporate Structure
President:
Parent Company:
Participations: 20
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 13/05/2013 Appointments
Latest press article: 04/06/2013 EXPANSIΣN DE CATALUΡA (BRANCHES)
Bank Entities: There are
The date when this report was last updated is 07/06/2013.
The information contained in this report has been investigated and
contrasted on 25/04/2013
Financial situation
|
Exercise:2011 |
|
|||
|
Immediate
liquidity |
|
Good |
|
|
|
Indebtedness |
|
Important |
|
|
|
Profitability |
|
Good |
|
|
|
Soundness |
|
Average |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Excellent |
Rating Explanation
Financial situation
The companys financial situation is normal.
The sales evolution and results has
been positive.
The auditors opinion about the latest accounts has
been favourable.
Company Structure
The companys capitalization degree determines that
its structure is sound.
The companys size is big 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. |
|
20/11/2012 |
Equal |
17 |
New financial statements have been uploaded. |
|
24/11/2011 |
Increase |
17 |
New financial statements have been uploaded. |
INCIDENTS 
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
03/06/2013 14:06:53
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 |
115.846.733,00 |
34,79 |
49.856.999,00 |
23,21 |
32.802.789,00 |
20,66 |
|
B) CURRENT ASSETS |
217.127.099,00 |
65,21 |
164.976.680,00 |
76,79 |
125.980.409,00 |
79,34 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
105.197.455,00 |
31,59 |
53.089.883,00 |
24,71 |
31.561.231,00 |
19,88 |
|
B) NON CURRENT LIABILITIES |
89.763.593,00 |
26,96 |
74.275.814,00 |
34,57 |
57.327.807,00 |
36,10 |
|
C) CURRENT LIABILITIES |
138.012.784,00 |
41,45 |
87.467.982,00 |
40,71 |
69.894.160,00 |
44,02 |
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 |
323.849.841,00 |
|
279.550.845,00 |
|
185.141.519,00 |
|
|
GROSS MARGIN |
177.779.069,00 |
54,90 |
151.698.596,00 |
54,27 |
99.227.218,00 |
53,60 |
|
EBITDA |
41.306.111,00 |
12,75 |
53.205.951,00 |
19,03 |
32.501.658,00 |
17,56 |
|
EBIT |
31.903.970,00 |
9,85 |
32.142.679,00 |
11,50 |
22.908.541,00 |
12,37 |
|
NET RESULT |
38.031.276,00 |
11,74 |
21.528.652,00 |
7,70 |
13.017.475,00 |
7,03 |
|
EFFECTIVE TAX RATE (%) |
16,93 |
0,00 |
29,62 |
0,00 |
29,19 |
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 |
34,79 |
74,44 |
-39,65 |
|
|
|
|
|
A) CURRENT ASSETS |
65,21 |
25,56 |
39,65 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
31,59 |
38,86 |
-7,27 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
26,96 |
32,05 |
-5,09 |
|
|
|
|
|
C) CURRENT LIABILITIES |
41,45 |
29,09 |
12,36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
96,27 |
98,74 |
-2,47 |
|
|
|
|
|
GROSS MARGIN |
52,85 |
48,73 |
4,12 |
|
|
|
|
|
EBITDA |
12,28 |
13,81 |
-1,53 |
|
|
|
|
|
EBIT |
9,48 |
9,22 |
0,26 |
|
|
|
|
|
NET RESULT |
11,31 |
7,06 |
4,25 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4771
Number of companies: 18
Size (sales figure): > 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 |
38.031.276,00 |
Legal Reserve |
1.624.738,00 |
|
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 |
36.406.538,00 |
|
Total of Amounts to be distributed |
38.031.276,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
38.031.276,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors opinion: FAVOURABLE
Auditor: DELOITTE S.L.
Auditor emphasis:
Sin que afecte a nuestra opiniσn de auditorνa llamamos la atenciσn
respecto de lo seρalado en la Nota 18 de la memoria adjunta, en la que se
detalla que la Sociedad forma parte de un grupo de empresas con el que mantiene
saldos y realiza transacciones significativas, por lo que cualquier
interpretaciσn o anαlisis de las cuentas anuales adjuntas debe llevarse a cabo
considerando dicha circunstancia.
Auditing fees: 55.000,00
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.
company ADDRESSES
Current Legal Seat Address:
PASEO DEL MARE NOSTRUM, 15
08039 BARCELONA
Previous Seat Address:
CALLE BRUC 49
08009 BARCELONA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CARRETERA PALMA-INCA (KM. 7 CENTRO OUTLET FESTIVAL
PARK), - LOCAL 108B |
07141 |
MARRATXI |
Baleares |
|
CALLE ANSELM CLAVE, 38 |
08401 |
GRANOLLERS |
Barcelona |
|
CALLE CAPELLANS, 5 |
08002 |
BARCELONA |
Barcelona |
|
CALLE CASP, 33 - BAJOS |
08010 |
BARCELONA |
Barcelona |
|
CALLE CIUTAT DASUNCION, 53 |
08030 |
BARCELONA |
Barcelona |
|
CALLE COMTAL, 9 |
08002 |
BARCELONA |
Barcelona |
|
AVENIDA DE LA GRANVIA DE LHOSPITALET, 75 |
08908 |
LHOSPITALET DE LLOBREGAT |
Barcelona |
|
AVENIDA DIAGONAL, 3 |
08019 |
BARCELONA |
Barcelona |
|
CALLE DIPUTACIO, 323 |
08009 |
BARCELONA |
Barcelona |
|
CALLE FERRAN, 51 |
08002 |
BARCELONA |
Barcelona |
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 5 members (latest change:
03/05/2013) Other Positions : 4 (latest change: 03/05/2013) Auditor : 3 (latest change: 13/12/2011) Operative Board Members : 2 (latest change: 31/01/2013) Non-current positions : 11 (latest change: 03/05/2013) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
LA VIDA ES CHULA SL |
03/05/2013 |
|
MEMBER OF THE BOARD |
RAMIREZ MARTINELL, JORGE |
05/07/2012 |
|
MEMBER OF THE BOARD |
GOMARIZ OROZCO, CELSO |
03/05/2013 |
|
|
|
|
Other Positions
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
OTHER |
THOMAS ANDREAS, MEYER |
03/05/2013 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
GASSO AUDITORES SL |
18/11/2009 |
|
AUDITOR |
DELOITTE SL |
13/12/2011 |
|
CONSOLIDATED ACCOUNTS AUDITOR |
DELOITTE SL |
13/12/2011 |
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
General Manager |
JADRAQUE SANTOS, MANUEL |
|
Human Resources Director |
OVIOLS, MARIA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
NTS ITS NOT THE SAME BV |
NETHERLANDS |
100,00 |
OWN SOURCES |
07/02/2013 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
BEHEER EN BELEGGINSMAATSCHAPPIJ REKRA |
NETHERLANDS |
97,23 |
OWN SOURCES |
19/10/2007 |
|
|
ADELL DOMINGO MANEL |
|
1,00 |
B.O.R.M.E. |
15/02/2010 |
|
|
MEYER DANIEL VICTOR |
|
Indef. |
B.O.R.M.E. |
15/02/2010 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SEPALEMEME SL |
B63217327 |
100,00 |
OWN SOURCES |
27/09/2012 |
|
|
DESIGUAL S.L. |
B64964422 |
100,00 |
OWN SOURCES |
27/04/2012 |
|
|
GOOD EFFORT SL |
B64367121 |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
NTS ITS NOT THE SAME CANARY ISLANDS SL |
B38900692 |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
NTS FRANCE SARL |
FRANCE |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
NTS HOLLAND BV |
NETHERLANDS |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
NTS BELGIUM SPRL |
BELGIUM |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
NTS IRELAND |
IRELAND |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
NTS ITALIA SRL |
ITALY |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
NTS PORTUGAL LDA |
PORTUGAL |
100,00 |
MERCANTILE REGISTER |
31/12/2011 |
Company with
rating inferior to 7
BUSINESS INFORMATION
Incorporation date: 19/12/2002
Establishment date: 01/01/1984
Founders Name: MEYER THOMAS
Activity: Retail sale of clothes
NACE 2009 CODE: 4771
NACE 2009 Activity: Retail sale of clothing in specialised
stores
Business: LA VENTA AL POR MAYOR O AL DETALLE DE TODO TIPO DE
ARTICULOS DE CONFECCION, GENEROS DE PUNTO Y COMPLEMENTOS VARIOS. LA FABRICACION
DE ARTICULOS DE CONFECCION, GENEROS DE PUNTO Y COMPLEMENTOS VARIOS, ETC
(Enlargement)SE AMPLIA EN: 7. LA GESTION Y ADMINISTRACION DE VALORES
REPRESENTATIVOS DE LOS FONDOS PROPIOS DE ENTIDADES NO RESIDENTES EN TERRITORIO
ESPAΡOL MEDIANTE LA CORRESPONDIENTE ORGANIZACION DE MEDIOS MATERIALES Y
PERSONALES....
Activity description: Su actividad concreta es la venta al mayor
de ropa de vestir.
Latest employees figure: 200 (2012)
% of fixed employees: 94,60%
% of temporary employees: 5,40%
% of men: 33,08%
% of women: 66,92%
Employees
evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
310 |
627 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 90%
Imports from: UE Y OTROS PAISES
National Distribution: 10%
SALES
Export Percentage: 73%
Exports to: OTROS PAISES
National Distribution: 27%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
NTS W USA LLC |
YES |
|
INTS BV |
YES |
|
INTS FRANCE SARL |
YES |
|
INTS GERMANY
GMBH |
YES |
|
INTS GMBH |
YES |
There are 5 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
INTS POLAND SP
ZOO |
YES |
|
SEPALEMEME SLU |
NO |
|
NTS ITS NOT THE
SAME AUSTRIA GMBH |
YES |
|
NEMUGYANAZ KFT |
YES |
|
NTS ITS NOT THE
SAME JAPAN KK |
YES |
|
INTS PORTUGAL
UNIPESSOAL LDA |
YES |
|
INTS IT S NOT
THE SAME HOLLAND BV |
YES |
|
REAL MOVIDA |
NO |
|
YOGUI JEANS |
NO |
|
FRECUENCIA 100 |
NO |
El 100% de su cifra de negocio corresponde a ventas
de artνculos de confecciσn.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO ESPAΡOL DE CREDITO, S.A. |
2443 |
RD SANT PERE 47 |
BARCELONA |
Barcelona |
|
BARCLAYS BANK, S.A. |
|
|
BARCELONA |
|
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
BARCELONA |
|
|
BANCO SANTANDER, S.A. |
|
|
BARCELONA |
|
Discount facilities: 0
Credit policy: 0
Mortgage loan: 1
Loans with no real security: 0
|
|
|
|
Debt type: Mortgage loan |
Long term outstanding amount:4.220.192,00 Source: Filed
Accounts (2011) |
|
|
|
There are 1 bank operations registered
Figures given in
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
MORE THAN 5 YEARS |
|
|
Instalaciones tιcnicas. |
940.616,00 |
1.987.378,00 |
0,00 |
LEGAL STRUCTURE
Constitution Data
Register Date: 19/12/2002
Register town: Barcelona
Announcement number: 66744
Register data:
Volume 35187, Folio 69, Section 8, Sheet 259066,
Inscription I/A 1 (2003-01-22)
Share capital: 30.000
Legal form: Sole-partnered Limited Liability Company
Share capital: 18.529.565,00
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: 15/02/2010)
· Acts on administrators: 27 (Last: 13/05/2013, first: 18/02/2003)
· Acts on capital: 4 (Last: 22/08/2011, first: 27/06/2003)
· Acts on creation: 1 (Last: 18/02/2003)
· Acts on filed accounts: 9 (Last: 22/11/2011, first: 24/10/2003)
· Acts on identification: 1 (Last: 14/12/2012)
· Acts on Information: 4 (Last: 15/02/2010, first: 18/02/2003)
Latest acts in
B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Change of registered address |
14/12/2012 |
520346 |
Barcelona |
|
|
|
|
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
13/05/2013 |
217790 |
Barcelona |
|
Resignations |
13/05/2013 |
217790 |
Barcelona |
|
Appointments |
13/05/2013 |
217788 |
Barcelona |
|
Resignations |
13/05/2013 |
217788 |
Barcelona |
|
Resignations |
06/02/2013 |
58393 |
Barcelona |
|
Appointments |
06/02/2013 |
58392 |
Barcelona |
|
Resignations |
04/12/2012 |
498899 |
Barcelona |
|
Appointments |
18/07/2012 |
301884 |
Barcelona |
|
Resignations |
18/07/2012 |
301884 |
Barcelona |
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 0
Structural Data: 46 (Last: 04/06/2013, first: 12/12/2008)
Informative data: 18 (Last: 18/05/2013, first: 17/02/2008)
Financial Information: 16 (Last: 08/02/2013, first:
24/11/2008)
Negative information: 0
Business lines: 11 (Last: 02/05/2013, first: 23/11/2008)
Historical press releases: 5 (Last: 19/10/2007, first:
11/10/2004)
Latest press
article published
04/06/2013 EXPANSIΣN DE CATALUΡA - BRANCHES
La cadena de moda DESIGUAL ha mantenido un crecimiento sostenido pese a
la crisis. La caνda del consumo espaρol se ha visto compensada por el negocio
internacional, gracias a que un 77% de sus ventas proceden del extranjero. El
pasado aρo, DESIGUAL vendiσ 22 millones de prendas a travιs de sus 330 tiendas
propias, 9.000 tiendas multimarca y 2.200 cσrners en mαs de 100 paνses. La
cadena estα integrada por 3.800 profesionales. Desde 2008, DESIGUAL ha creado
2.609 empleos, ha abierto 168 tiendas y ha cuatriplicado su facturaciσn.
21/05/2013 EXPANSIΣN (Page 15) BRANCHES
DESIGUAL desembarcarα en Lituania y Letonia con la apertura de 10 nuevos
establecimientos a partir de esta prσxima primavera. La entrada se producirα de
la mano del grupo APRANGA, el mayor distribuidor minorista de confecciσn textil
de esa regiσn. En una primera fase, APRANGA prevι abrir los establecimientos
DESIGUAL en las ciudades lituanas de Kaunas, Klaipeda y en Riga. En 2012,
DESIGUAL creciσ un 20% hasta los 700 millones. Durante los prσximos 7 aρos la
Cνa. tiene intenciσn de aumentar sus ventas a razσn de un 15% anual, por lo que
podrνa alcanzar una facturaciσn de mil millones en 2015. En la actualidad el
grupo cuenta con 330 tiendas propias y este aρo preve inaugurar 60 mαs.
18/05/2013 EXPANSIΣN (Page 6 7) GENERAL
INFORMATION
Las empresas de moda espaρola compran en el gigante asiαtico una de cada
cuatro prendas, pero reducen su exposiciσn al paνs a favor de otros mercados
mαs prσximos como Turquνa, Marruecos, Italia o Portugal, que permiten reducir
el riesgo de stock y una mayor adaptaciσn a la demanda. DESIGUAL tiene dos
zonas de producciσn: la primera asiαtica, donde subcontrata la fabricaciσn de
sus prendas a centros de India y china, principalmente, y Europa,
principalmente en paνses como Espaρa, Turquνa, Portugal. Tambiιn fabrican en
Marruecos.
15/05/2013 EXPANSIΣN DE CATALUΡA - BRANCHES
La empresa catalana DESIGUAL refuerza su apuesta en Japσn con la
apertura de su primer establecimiento en Osaka, la tercera ciudad mαs grande
del paνs nipσn. La cνa. ya tiene en Japσn diez tiendas propias y ocho puntos de
venta en centros comerciales y grandes almacenes. Ademαs, la firma tiene
prevista durante el 2013 la apertura de una nueva tienda en la ciudad comercial
de Yokohama y otra en Kobe, donde ya inaugurσ un outlet a finales de 2012.
DESIGUAL tambiιn tiene presencia en Singapur y en China y suma un total de 17
tiendas propias en Asia.
02/05/2013 EXPANSIΣN DE CATALUΡA - PRODUCTS AND
ACTIVITIES
El director general de DESIGUAL, Manel Jadraque, ha anunciado la
creaciσn de una nueva lνnea de moda sσlo para mujer, Desigual Sport. La firma
ya habνa diversificado anteriormente con lνneas infantiles, de calzado o de
ropa para el hogar.
Complementary
Information
Financial Information
El balance cerrado a 31/12/2009 (Deposito 2009) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
El balance cerrado a 31/12/2002 (Depσsito 2003) estα disponible pero
pero no ha sido cargado por tener una duraciσn inferior a tres meses.
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 20/11/2012.
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 |
115.846.733,00 |
34,79 |
49.856.999,00 |
23,21 |
32.802.789,00 |
20,66 |
|
I. Intangible assets |
13.992.919,00 |
4,20 |
6.523.041,00 |
3,04 |
3.558.517,00 |
2,24 |
|
2. Concessions |
5.852.751,00 |
1,76 |
|
|
|
|
|
5. Software |
8.140.168,00 |
2,44 |
6.523.041,00 |
3,04 |
3.558.517,00 |
2,24 |
|
II. Tangible fixed assets |
47.628.936,00 |
14,30 |
27.973.966,00 |
13,02 |
20.346.878,00 |
12,81 |
|
1. Property, plant and equipment |
6.429.289,00 |
1,93 |
6.492.605,00 |
3,02 |
6.555.835,00 |
4,13 |
|
2. Technical fittings and other tangible assets |
21.942.285,00 |
6,59 |
19.795.647,00 |
9,21 |
13.791.043,00 |
8,69 |
|
3. Fixed assets in progress and advances |
19.257.362,00 |
5,78 |
1.685.714,00 |
0,78 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
49.129.601,00 |
14,75 |
7.713.724,00 |
3,59 |
7.463.724,00 |
4,70 |
|
1. Net worth instruments |
24.453.837,00 |
7,34 |
7.713.724,00 |
3,59 |
7.463.724,00 |
4,70 |
|
2. Credits to companies |
24.675.764,00 |
7,41 |
|
|
|
|
|
V. Long Term Financial Investments |
158.070,00 |
0,05 |
1.821.008,00 |
0,85 |
116.441,00 |
0,07 |
|
1. Net worth instruments |
8.797,00 |
0,00 |
11.536,00 |
0,01 |
10.438,00 |
0,01 |
|
5. Other financial assets |
149.273,00 |
0,04 |
1.809.472,00 |
0,84 |
106.003,00 |
0,07 |
|
VI. Assets by deferred taxes |
4.937.207,00 |
1,48 |
5.825.260,00 |
2,71 |
1.317.229,00 |
0,83 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
217.127.099,00 |
65,21 |
164.976.680,00 |
76,79 |
125.980.409,00 |
79,34 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
70.197.185,00 |
21,08 |
73.064.714,00 |
34,01 |
51.227.820,00 |
32,26 |
|
1. Goods available for sale |
67.544.586,00 |
20,29 |
72.149.365,00 |
33,58 |
50.495.088,00 |
31,80 |
|
2. Raw material inventory |
2.071.269,00 |
0,62 |
843.636,00 |
0,39 |
732.732,00 |
0,46 |
|
6. Pre-payments to suppliers |
581.330,00 |
0,17 |
71.713,00 |
0,03 |
|
|
|
III. Trade Debtors and other receivable accounts |
90.082.477,00 |
27,05 |
51.365.644,00 |
23,91 |
60.220.126,00 |
37,93 |
|
1. Clients |
41.232.933,00 |
12,38 |
30.511.254,00 |
14,20 |
28.159.525,00 |
17,73 |
|
b) Clients for sales and short term services
rendering |
41.232.933,00 |
12,38 |
30.511.254,00 |
14,20 |
28.159.525,00 |
17,73 |
|
2. Clients group and associated companies |
28.342.658,00 |
8,51 |
13.904.882,00 |
6,47 |
23.581.361,00 |
14,85 |
|
3. Other debts |
119.247,00 |
0,04 |
340.538,00 |
0,16 |
439.304,00 |
0,28 |
|
5. Assets by current taxes |
4.420.233,00 |
1,33 |
|
|
|
|
|
6. Other credits with the Public Administrations |
15.967.406,00 |
4,80 |
6.608.970,00 |
3,08 |
8.039.936,00 |
5,06 |
|
IV. Short term investments in associated and affiliated companies |
12.898.386,00 |
3,87 |
6.929.563,00 |
3,23 |
26.875,00 |
0,02 |
|
2. Credits to companies |
12.898.386,00 |
3,87 |
6.929.563,00 |
3,23 |
26.875,00 |
0,02 |
|
V. Short term financial investments |
34.080.240,00 |
10,24 |
15.953.152,00 |
7,43 |
4.622.718,00 |
2,91 |
|
1. Net worth instruments |
12.091,00 |
0,00 |
111.888,00 |
0,05 |
121.718,00 |
0,08 |
|
4. By-products |
8.637.063,00 |
2,59 |
1.172.927,00 |
0,55 |
|
|
|
5. Other financial assets |
25.431.086,00 |
7,64 |
14.668.337,00 |
6,83 |
4.501.000,00 |
2,83 |
|
VI. Short term periodifications |
448.607,00 |
0,13 |
1.085.101,00 |
0,51 |
369.407,00 |
0,23 |
|
VII. Cash and equivalents |
9.420.204,00 |
2,83 |
16.578.506,00 |
7,72 |
9.513.463,00 |
5,99 |
|
1. Treasury |
9.420.204,00 |
2,83 |
16.578.506,00 |
7,72 |
9.513.463,00 |
5,99 |
|
TOTAL ASSETS (A + B) |
332.973.832,00 |
100,00 |
214.833.679,00 |
100,00 |
158.783.198,00 |
100,00 |
Net Worth and
Liabilities
Figures given in
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NET WORTH |
105.197.455,00 |
31,59 |
53.089.883,00 |
24,71 |
31.561.231,00 |
19,88 |
|
A-1) Equity |
99.151.511,00 |
29,78 |
53.089.883,00 |
24,71 |
31.561.231,00 |
19,88 |
|
I. Capital |
18.529.565,00 |
5,56 |
10.405.872,00 |
4,84 |
10.405.872,00 |
6,55 |
|
1. Authorized capital |
18.529.565,00 |
5,56 |
10.405.872,00 |
4,84 |
10.405.872,00 |
6,55 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
42.590.670,00 |
12,79 |
21.155.359,00 |
9,85 |
8.137.884,00 |
5,13 |
|
1. Legal and statutory |
2.081.175,00 |
0,63 |
1.891.146,00 |
0,88 |
589.398,00 |
0,37 |
|
2. Other funds |
40.509.495,00 |
12,17 |
19.264.213,00 |
8,97 |
7.548.486,00 |
4,75 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
38.031.276,00 |
11,42 |
21.528.652,00 |
10,02 |
13.017.475,00 |
8,20 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
6.045.944,00 |
1,82 |
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
6.045.944,00 |
1,82 |
|
|
|
|
|
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 |
89.763.593,00 |
26,96 |
74.275.814,00 |
34,57 |
57.327.807,00 |
36,10 |
|
I. Long term provisions |
|
|
2.300.000,00 |
1,07 |
2.300.000,00 |
1,45 |
|
1. Long term staff benefits obligations |
|
|
2.300.000,00 |
1,07 |
2.300.000,00 |
1,45 |
|
II. Long term debts |
5.217.549,00 |
1,57 |
7.769.073,00 |
3,62 |
8.823.792,00 |
5,56 |
|
2. Debts with bank entities |
4.220.192,00 |
1,27 |
1.894.445,00 |
0,88 |
1.977.616,00 |
1,25 |
|
3. Financial leasing creditors |
997.357,00 |
0,30 |
1.931.645,00 |
0,90 |
2.829.118,00 |
1,78 |
|
4. By-products |
|
|
|
|
13.357,00 |
0,01 |
|
5. Other financial liabilities |
|
|
3.942.983,00 |
1,84 |
4.003.701,00 |
2,52 |
|
III. Long term debts with associated and affiliated companies |
75.787.043,00 |
22,76 |
60.480.644,00 |
28,15 |
44.888.062,00 |
28,27 |
|
IV. Liabilities by deferred taxes |
8.690.366,00 |
2,61 |
3.726.097,00 |
1,73 |
1.315.953,00 |
0,83 |
|
V. Long term periodifications |
68.635,00 |
0,02 |
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
138.012.784,00 |
41,45 |
87.467.982,00 |
40,71 |
69.894.160,00 |
44,02 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
3.306.186,00 |
0,99 |
|
|
|
|
|
III. Short term debts |
6.950.435,00 |
2,09 |
3.578.736,00 |
1,67 |
1.409.748,00 |
0,89 |
|
2. Debts with bank entities |
5.991.984,00 |
1,80 |
177.791,00 |
0,08 |
589.883,00 |
0,37 |
|
3. Financial leasing creditors |
934.287,00 |
0,28 |
875.208,00 |
0,41 |
819.865,00 |
0,52 |
|
4. By-products |
|
|
2.523.938,00 |
1,17 |
|
|
|
5. Other financial liabilities |
24.164,00 |
0,01 |
1.799,00 |
0,00 |
|
|
|
IV. Short term debts with associated and affiliated companies |
33.142.928,00 |
9,95 |
|
|
|
|
|
V. Trade creditors and other payable accounts |
94.599.757,00 |
28,41 |
83.889.246,00 |
39,05 |
68.484.412,00 |
43,13 |
|
1. Suppliers |
53.191.696,00 |
15,97 |
50.636.454,00 |
23,57 |
40.617.050,00 |
25,58 |
|
b) Short term suppliers |
53.191.696,00 |
15,97 |
50.636.454,00 |
23,57 |
40.617.050,00 |
25,58 |
|
2. Suppliers group and associated companies |
3.073.309,00 |
0,92 |
6.401.355,00 |
2,98 |
10.310.588,00 |
6,49 |
|
3. Different creditors |
25.671.126,00 |
7,71 |
17.620.169,00 |
8,20 |
12.601.700,00 |
7,94 |
|
4. Staff (pending remunerations) |
135.814,00 |
0,04 |
709.068,00 |
0,33 |
411.773,00 |
0,26 |
|
5. Liabilities by current taxes |
62.080,00 |
0,02 |
1.781.995,00 |
0,83 |
246.081,00 |
0,15 |
|
6. Other debts with Public Administrations |
2.721.912,00 |
0,82 |
1.934.083,00 |
0,90 |
653.986,00 |
0,41 |
|
7. Clients pre-payments |
9.743.820,00 |
2,93 |
4.806.122,00 |
2,24 |
3.643.234,00 |
2,29 |
|
VI. Short term periodifications |
13.478,00 |
0,00 |
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
332.973.832,00 |
100,00 |
214.833.679,00 |
100,00 |
158.783.198,00 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
323.849.841,00 |
96,27 |
279.550.845,00 |
98,36 |
185.141.519,00 |
95,89 |
|
A) Sales |
323.849.841,00 |
96,27 |
279.550.845,00 |
98,36 |
185.141.519,00 |
95,89 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-158.622.961,00 |
-47,15 |
-132.499.265,00 |
-46,62 |
-93.850.043,00 |
-48,61 |
|
a) Material consumed |
-147.963.030,00 |
-43,98 |
-104.095.656,00 |
-36,63 |
-72.151.607,00 |
-37,37 |
|
b) Raw materials consumed |
-9.716.820,00 |
-2,89 |
-16.463.063,00 |
-5,79 |
-18.468.651,00 |
-9,57 |
|
d) Deterioration on merchandises, raw materials and other supplies |
-943.111,00 |
-0,28 |
-11.940.546,00 |
-4,20 |
-3.229.785,00 |
-1,67 |
|
5. Other operating income |
12.552.189,00 |
3,73 |
4.647.016,00 |
1,64 |
7.935.742,00 |
4,11 |
|
a) Other incomes |
12.502.351,00 |
3,72 |
4.609.779,00 |
1,62 |
7.893.851,00 |
4,09 |
|
b) Operating grants included in the exercise result |
49.838,00 |
0,01 |
37.237,00 |
0,01 |
41.891,00 |
0,02 |
|
6. Labour cost |
-34.820.313,00 |
-10,35 |
-25.616.561,00 |
-9,01 |
-17.034.664,00 |
-8,82 |
|
a) Wages and similar expenses |
-26.460.948,00 |
-7,87 |
-19.358.850,00 |
-6,81 |
-13.755.746,00 |
-7,12 |
|
b) Social costs |
-8.359.365,00 |
-2,48 |
-6.257.711,00 |
-2,20 |
-3.278.918,00 |
-1,70 |
|
7. Other operating costs |
-103.862.401,00 |
-30,87 |
-89.036.836,00 |
-31,33 |
-55.748.698,00 |
-28,87 |
|
a) External services |
-102.321.272,00 |
-30,42 |
-84.654.870,00 |
-29,79 |
-52.772.543,00 |
-27,33 |
|
b) Taxes |
-268.346,00 |
-0,08 |
-178.516,00 |
-0,06 |
-96.869,00 |
-0,05 |
|
c) Losses, deterioration and variation on business operations
provisions |
-1.272.783,00 |
-0,38 |
-4.203.450,00 |
-1,48 |
-2.879.286,00 |
-1,49 |
|
8. Amortization of fixed assets |
-7.186.247,00 |
-2,14 |
-4.919.276,00 |
-1,73 |
-3.484.046,00 |
-1,80 |
|
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 |
-6.138,00 |
0,00 |
16.756,00 |
0,01 |
-51.269,00 |
-0,03 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
31.903.970,00 |
9,48 |
32.142.679,00 |
11,31 |
22.908.541,00 |
11,86 |
|
14. Financial income |
22.037.559,00 |
6,55 |
2.879.536,00 |
1,01 |
199.543,00 |
0,10 |
|
a) From net worth instruments participations |
20.000.000,00 |
5,95 |
|
|
|
|
|
a 1) On group and associated companies |
20.000.000,00 |
5,95 |
|
|
|
|
|
b) From negotiable values and other financial instruments |
2.037.559,00 |
0,61 |
2.879.536,00 |
1,01 |
199.543,00 |
0,10 |
|
b 1) From group and associated companies |
988.420,00 |
0,29 |
155.171,00 |
0,05 |
|
|
|
b 2) From third parties |
1.049.139,00 |
0,31 |
2.724.365,00 |
0,96 |
199.543,00 |
0,10 |
|
15. Financial expenses |
-5.904.781,00 |
-1,76 |
-2.748.372,00 |
-0,97 |
-1.996.171,00 |
-1,03 |
|
a) For debts with associated and affiliated companies |
-4.064.555,00 |
-1,21 |
-2.202.939,00 |
-0,78 |
-752.621,00 |
-0,39 |
|
b) For debts with third parties |
-1.840.226,00 |
-0,55 |
-545.433,00 |
-0,19 |
-1.243.550,00 |
-0,64 |
|
16. Reasonable value variation on financial instruments |
1.351.011,00 |
0,40 |
-1.336.679,00 |
-0,47 |
-2.369.732,00 |
-1,23 |
|
a) Negotiation portfolio and others |
1.351.011,00 |
0,40 |
-1.336.679,00 |
-0,47 |
-2.369.732,00 |
-1,23 |
|
17. Exchange differences |
-1.869.452,00 |
-0,56 |
-117.489,00 |
-0,04 |
-356.166,00 |
-0,18 |
|
18. Deterioration and result for disposal of financial instruments |
-1.737.655,00 |
-0,52 |
-230.097,00 |
-0,08 |
-1.274,00 |
0,00 |
|
a) Deteriorations and losses |
-1.737.655,00 |
-0,52 |
-230.097,00 |
-0,08 |
-1.274,00 |
0,00 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
13.876.682,00 |
4,13 |
-1.553.101,00 |
-0,55 |
-4.523.800,00 |
-2,34 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
45.780.652,00 |
13,61 |
30.589.578,00 |
10,76 |
18.384.741,00 |
9,52 |
|
20. Taxes on profits |
-7.749.376,00 |
-2,30 |
-9.060.926,00 |
-3,19 |
-5.367.266,00 |
-2,78 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
38.031.276,00 |
11,31 |
21.528.652,00 |
7,58 |
13.017.475,00 |
6,74 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
38.031.276,00 |
11,31 |
21.528.652,00 |
7,58 |
13.017.475,00 |
6,74 |
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 |
38.031.276,00 |
21.528.652,00 |
13.017.475,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
8.637.063,00 |
|
|
|
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 |
-2.591.119,00 |
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
6.045.944,00 |
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
1.370.914,00 |
|
X. Received legacies, grants and subventions |
|
|
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
|
-411.274,00 |
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
|
|
959.640,00 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
44.077.220,00 |
21.528.652,00 |
13.977.115,00 |
Total net worth
changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
VALUE CHANGES ADJUSTMENTS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
2.946.990,00 |
3.838.276,00 |
4.299.608,00 |
-959.640,00 |
|
I. Adjustments by change of criteria in the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
2.946.990,00 |
3.838.276,00 |
4.299.608,00 |
-959.640,00 |
|
I. Total recognized income and expenses |
|
|
13.017.475,00 |
959.640,00 |
|
II. Operations with partners or owners |
7.458.882,00 |
|
|
|
|
1. Capital Increases |
7.458.882,00 |
|
|
|
|
III. Other net worth variations |
|
4.299.608,00 |
-4.299.608,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
10.405.872,00 |
8.137.884,00 |
13.017.475,00 |
|
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
10.405.872,00 |
8.137.884,00 |
13.017.475,00 |
|
|
I. Total recognized income and expenses |
|
|
21.528.652,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
13.017.475,00 |
-13.017.475,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
10.405.872,00 |
21.115.095,00 |
21.528.652,00 |
|
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
-53.077,00 |
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
10.405.872,00 |
21.115.095,00 |
21.475.575,00 |
|
|
I. Total recognized income and expenses |
|
|
38.031.276,00 |
6.045.944,00 |
|
II. Operations with partners or owners |
8.123.693,00 |
|
|
|
|
1. Capital Increases |
8.123.693,00 |
|
|
|
|
III. Other net worth variations |
|
21.475.575,00 |
-21.475.575,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
18.529.565,00 |
42.590.670,00 |
38.031.276,00 |
6.045.944,00 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
10.125.234,00 |
|
||
|
I. Adjustments by change of criteria in the exercise (2008) |
|
|
||
|
II. Adjustments by errors in the exercise (2008) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
10.125.234,00 |
|
||
|
I. Total recognized income and expenses |
13.977.115,00 |
|
||
|
II. Operations with partners or owners |
7.458.882,00 |
|
||
|
1. Capital Increases |
7.458.882,00 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
31.561.231,00 |
|
||
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
||
|
II. Adjustments by errors in the exercise (2009) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
31.561.231,00 |
|
||
|
I. Total recognized income and expenses |
21.528.652,00 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
53.049.619,00 |
|
||
|
I. Adjustments by change of criteria in the exercise (2010) |
-53.077,00 |
|
||
|
II. Adjustments by errors in the exercise (2010) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
52.996.542,00 |
|
||
|
I. Total recognized income and expenses |
44.077.220,00 |
|
||
|
II. Operations with partners or owners |
8.123.693,00 |
|
||
|
1. Capital Increases |
8.123.693,00 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
105.197.455,00 |
|
||
CASH FLOW STATUS
Figures given in
|
|
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
45.780.652,00 |
30.589.578,00 |
18.384.742,00 |
|
2. Results adjustments |
4.162.522,00 |
22.252.052,00 |
14.116.917,00 |
|
a) Amortization of fixed assets (+) |
7.186.247,00 |
4.919.276,00 |
3.484.046,00 |
|
b) Value correction for deterioration (+/-) |
2.680.766,00 |
16.009.772,00 |
6.109.071,00 |
|
c) Change of Provisions (+/-) |
1.272.783,00 |
|
|
|
f) Results for decline and disposal of financial instruments (+/-) |
|
|
1.274,00 |
|
g) Financial income (-) |
-2.037.559,00 |
-2.879.535,00 |
-199.543,00 |
|
f) Financial expenses (+) |
5.904.781,00 |
2.748.371,00 |
1.996.171,00 |
|
i) Change difference (+/-) |
1.869.452,00 |
117.489,00 |
356.166,00 |
|
j) Reasonable value variation on financial instruments (+/-) |
-1.351.011,00 |
1.336.679,00 |
2.369.732,00 |
|
k) Other income and expenses (-/+) |
-11.362.937,00 |
|
|
|
3. Changes in current capital |
-44.038.449,00 |
-17.522.967,00 |
-23.583.208,00 |
|
a) Stocks (+/-) |
1.924.418,00 |
-33.777.439,00 |
-25.056.518,00 |
|
b) Debtors and other receivable accounts (+/-) |
-36.527.373,00 |
4.812.130,00 |
-39.491.730,00 |
|
c) Other current assets (+/-) |
-24.618.867,00 |
-715.696,00 |
-183.355,00 |
|
d) Creditors and other payable accounts (+/-) |
12.492.505,00 |
13.870.719,00 |
38.848.395,00 |
|
e) Other current liabilities (+/-) |
1.006.186,00 |
|
|
|
f) Other non-current assets and liabilities (+/-) |
1.684.682,00 |
-1.712.681,00 |
2.300.000,00 |
|
4. Other cash flow coming from operating activities |
4.530.916,00 |
-9.600.012,00 |
-7.912.889,00 |
|
a) Interests payments (-) |
-5.904.781,00 |
-2.748.371,00 |
-1.996.171,00 |
|
b) Dividends collections (+) |
20.000.000,00 |
|
|
|
c) Interests collections (+) |
2.037.559,00 |
2.879.535,00 |
199.543,00 |
|
d) Collections (payments) for profit tax (+/-) |
-11.601.862,00 |
-9.613.687,00 |
-6.116.261,00 |
|
e) Other payments (collections) (-/+) |
|
-117.489,00 |
|
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
10.435.641,00 |
25.718.651,00 |
1.005.562,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-72.005.348,00 |
-25.928.225,00 |
-10.539.018,00 |
|
a) Group and associated companies |
-35.029.839,00 |
-250.000,00 |
-28.149,00 |
|
b) Intangible assets |
-10.053.188,00 |
-4.488.840,00 |
-2.122.126,00 |
|
c) Tangible assets |
-26.922.321,00 |
-11.022.048,00 |
-4.177.409,00 |
|
e) Other financial assets |
|
-10.167.337,00 |
-4.211.334,00 |
|
7. Disinvestment collections (+) |
2.617.964,00 |
9.830,00 |
15.311,00 |
|
c) Tangible assets |
2.617.964,00 |
|
15.311,00 |
|
e) Other financial assets |
|
9.830,00 |
|
|
8. Cash Flow in investment activities (6 + 7) |
-69.387.384,00 |
-25.918.395,00 |
-10.523.707,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
|
|
10. Financial liabilities instruments collections and payments |
51.793.441,00 |
7.264.787,00 |
15.112.024,00 |
|
a) Issue |
51.793.441,00 |
8.663.020,00 |
40.662.229,00 |
|
2. Debts with bank entities (+) |
3.344.114,00 |
|
|
|
3. Debts with group and associated companies (+) |
48.449.327,00 |
8.663.020,00 |
40.662.229,00 |
|
b) Return and amortization of |
|
-1.398.233,00 |
-25.550.205,00 |
|
2. Debts with bank entities (-) |
|
-1.398.233,00 |
-20.127.591,00 |
|
3. Debts with group and associated companies (-) |
|
|
-2.677.912,00 |
|
5. Other debts (-) |
|
|
-2.744.702,00 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
51.793.441,00 |
7.264.787,00 |
15.112.024,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-7.158.302,00 |
7.065.043,00 |
5.593.879,00 |
|
Cash or equivalents at the beginning of the exercise |
16.578.506,00 |
9.513.463,00 |
3.919.584,00 |
|
Cash or equivalents at the end of the exercise |
9.420.204,00 |
16.578.506,00 |
9.513.463,00 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
79.114.315,00 |
2,07 |
77.508.698,00 |
38,20 |
56.086.249,00 |
|
Working capital ratio |
0,24 |
-33,33 |
0,36 |
2,86 |
0,35 |
|
Soundness Ratio |
0,86 |
-19,63 |
1,06 |
11,46 |
0,96 |
|
Average Collection Period (days) |
100 |
51,09 |
66 |
-43,38 |
117 |
|
Average Payment Period (days) |
175 |
28,50 |
136 |
-17,25 |
165 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
157,32 |
-16,59 |
188,61 |
4,64 |
180,24 |
|
Quick Ratio (%) |
31,52 |
-15,25 |
37,19 |
83,84 |
20,22 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
36,37 |
8,79 |
33,43 |
-3,72 |
34,72 |
|
External Financing Average Cost |
0,05 |
25,00 |
0,04 |
0,00 |
0,04 |
|
Debt Service Coverage |
11,60 |
315,77 |
2,79 |
-94,91 |
54,82 |
|
Interest Coverage |
5,40 |
-53,85 |
11,70 |
1,92 |
11,48 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
3,22 |
-65,00 |
9,20 |
1.603,70 |
0,54 |
|
Auto financing generated by Assets (%) |
3,13 |
-73,85 |
11,97 |
1.800,00 |
0,63 |
|
Breakdown Point |
1,11 |
-1,77 |
1,13 |
-0,88 |
1,14 |
|
Average Sales Volume per Employee |
364.289,63 |
-11,26 |
410.500,51 |
91,12 |
214.781,35 |
|
Average Cost per Employee |
39.168,40 |
4,13 |
37.616,10 |
90,35 |
19.761,79 |
|
Assets Turnover |
0,97 |
-25,38 |
1,30 |
11,11 |
1,17 |
|
Inventory Turnover (days) |
159 |
-19,60 |
198 |
0,92 |
197 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
9,58 |
-35,96 |
14,96 |
3,67 |
14,43 |
|
Operating Profitability (%) |
11,74 |
-31,94 |
17,25 |
3,79 |
16,62 |
|
Return on Equity (ROE) (%) |
46,17 |
-19,87 |
57,62 |
-1,08 |
58,25 |
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 |
34,79 |
74,44 |
-39,65 |
|
A) CURRENT ASSETS |
65,21 |
25,56 |
39,65 |
|
LIABILITIES |
|||
|
A) NET WORTH |
31,59 |
38,86 |
-7,27 |
|
B) NON CURRENT LIABILITIES |
26,96 |
32,05 |
-5,09 |
|
C) CURRENT LIABILITIES |
41,45 |
29,09 |
12,36 |
Results Analytical
Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
96,27 |
98,74 |
-2,47 |
|
Other operating income |
3,73 |
1,26 |
2,47 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-47,15 |
-51,19 |
4,04 |
|
Variation in stocks of finished goods and work in progress |
|
-0,09 |
|
|
GROSS MARGIN |
52,85 |
48,73 |
4,12 |
|
Other operating costs |
-30,87 |
-20,28 |
-10,59 |
|
Labour cost |
-10,35 |
-14,50 |
4,15 |
|
GROSS OPERATING RESULT |
11,62 |
13,95 |
-2,33 |
|
Amortization of fixed assets |
-2,14 |
-4,54 |
2,40 |
|
Deterioration and result for fixed assets disposal |
|
-0,18 |
|
|
Other expenses / income |
|
0,00 |
|
|
NET OPERATING RESULT |
9,48 |
9,22 |
0,26 |
|
Financial result |
4,13 |
-0,25 |
4,38 |
|
RESULT BEFORE TAX |
13,61 |
8,98 |
4,63 |
|
Taxes on profits |
-2,30 |
-1,92 |
-0,38 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
11,31 |
7,06 |
4,25 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
11,31 |
7,06 |
4,25 |
|
Amortization of fixed assets |
-2,14 |
-4,54 |
2,40 |
|
Deterioration and provisions variation |
-0,66 |
-0,05 |
-0,61 |
|
|
14,10 |
11,65 |
2,45 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
79.114.315,00 |
-11.675.150,52 |
-317.561,49 |
10.325.816,50 |
|
Working capital ratio |
0,24 |
-0,11 |
0,00 |
0,19 |
|
Soundness Ratio |
0,86 |
0,38 |
0,62 |
0,97 |
|
Average Collection Period (days) |
100 |
1 |
5 |
26 |
|
Average Payment Period (days) |
175 |
64 |
93 |
131 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
157,32 |
73,47 |
97,77 |
184,03 |
|
Quick Ratio (%) |
31,52 |
4,79 |
8,61 |
24,13 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
36,37 |
9,15 |
21,52 |
51,26 |
|
External Financing Average Cost |
0,05 |
0,00 |
0,03 |
0,05 |
|
Debt Service Coverage |
11,60 |
0,19 |
0,79 |
4,20 |
|
Interest Coverage |
5,40 |
-2,13 |
4,50 |
306,65 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
3,22 |
3,90 |
8,82 |
15,61 |
|
Auto financing generated by Assets (%) |
3,13 |
4,75 |
10,92 |
21,11 |
|
Breakdown Point |
1,11 |
0,99 |
1,04 |
1,17 |
|
Average Sales Volume per Employee |
364.289,63 |
92.872,41 |
125.176,80 |
172.510,13 |
|
Average Cost per Employee |
39.168,40 |
18.805,00 |
20.997,24 |
24.378,67 |
|
Assets Turnover |
0,97 |
1,04 |
1,64 |
1,99 |
|
Inventory Turnover (days) |
159 |
43 |
78 |
130 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
9,58 |
-1,95 |
3,27 |
19,75 |
|
Operating Profitability (%) |
11,74 |
4,46 |
11,50 |
23,98 |
|
Return on Equity (ROE) (%) |
46,17 |
-3,21 |
5,37 |
51,60 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.74 |
|
UK Pound |
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
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.