MIRA INFORM REPORT
|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MARMOLES SOL SOCIEDAD LIMITADA |
|
|
|
|
Registered Office : |
Carretera Olula Macael, Km 1,
04860 Olula
Del Rio Almerνa |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.1985 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of construction materials : glass |
|
|
|
|
No. of Employees : |
08 (2013) |
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
MARMOLES SOL SOCIEDAD LIMITADA
CIF/NIF: B04046967
Company situation: Active
INFORMATION OF THE
REQUEST
Data of your
request
|
Registered Name MARMOLES SOL SL Complete Address CARRETERA
OLULA MACAFL KM 1 04860 |
Year of the accounts to be delivered 2011 Language Inglιs Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference
Number 225015 |
Answer to the data
in your request
The data of your request have been confirmed and are correct. Products: granites, marbles, mαrmol compaq, quartz compaq.
Cif / Nif
The NIF/CIF provided is registered as IVA (Added Value Tax) operator in the database of the Tax Office
EXECUTIVE SUMMARY
Identification
Current Business Name: MARMOLES SOL SOCIEDAD LIMITADA
Other names: YES
Current Address: CARRETERA OLULA MACAEL, KM 1
Branches: 2
Telephone number: 950441742 Fax: 950441724
URL: www.marmolessol.com
Corporate e-mail: info@marmolessol.com
Financial
Information
Balance sheet latest sales (2011): 1.201.311,59 (Mercantile Register)
Result: 15.666,63
Total Assets: 2.230.309,02
Share capital: 622.996,60
Employees: 8
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 16/10/1986
Activity: Wholesale of construction materials : glass
NACE 2009 CODE: 4673
International Operations: Imports and Exports
Corporate
Structure
Sole Administrator:
Parent Company:
Other
Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 18/12/2012 Modification of the Articles of
Association
Latest press article: 19/02/2012 LA VOZ DE ALMERIA (BRANCHES)
Bank Entities: There are
The date when this report was last updated is 11/06/2013.
The information contained in this report has been investigated and
contrasted on 11/06/2013
|
Exercise:2011 |
Evolution |
|||
|
Immediate
liquidity |
|
Good |
|
|
|
Indebtedness |
|
Slight |
|
|
|
Profitability |
|
Sufficient |
|
|
|
Soundness |
|
Excellent |
|
|
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 and results has
been negative.
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 |
13 |
There has been a change in the formula version. |
|
07/09/2012 |
Reduction |
14 |
New financial statements have been uploaded. |
|
21/10/2011 |
Reduction |
15 |
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
11/06/2013 08:06:48
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 |
566.920,30 |
25,42 |
600.848,10 |
34,20 |
663.503,79 |
34,28 |
|
B) CURRENT ASSETS |
1.663.388,72 |
74,58 |
1.156.236,74 |
65,80 |
1.271.822,71 |
65,72 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
1.428.910,86 |
64,07 |
1.323.094,23 |
75,30 |
1.299.346,64 |
67,14 |
|
B) NON CURRENT LIABILITIES |
258.534,16 |
11,59 |
198.334,16 |
11,29 |
193.529,79 |
10,00 |
|
C) CURRENT LIABILITIES |
542.864,00 |
24,34 |
235.656,45 |
13,41 |
442.450,07 |
22,86 |
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 |
1.201.311,59 |
|
1.232.822,47 |
|
1.646.371,71 |
|
|
GROSS MARGIN |
402.727,63 |
33,52 |
426.563,50 |
34,60 |
497.246,13 |
30,20 |
|
EBITDA |
93.946,61 |
7,82 |
93.770,66 |
7,61 |
131.309,46 |
7,98 |
|
EBIT |
18.769,29 |
1,56 |
31.114,97 |
2,52 |
31.751,82 |
1,93 |
|
NET RESULT |
15.666,63 |
1,30 |
23.747,59 |
1,93 |
23.460,62 |
1,42 |
|
EFFECTIVE TAX RATE (%) |
25,00 |
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 |
25,42 |
38,26 |
-12,84 |
|
|
|
|
|
A) CURRENT ASSETS |
74,58 |
61,74 |
12,84 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
64,07 |
48,01 |
16,06 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
11,59 |
16,66 |
-5,07 |
|
|
|
|
|
C) CURRENT LIABILITIES |
24,34 |
35,33 |
-10,99 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
98,92 |
1,08 |
|
|
|
|
|
GROSS MARGIN |
33,52 |
34,58 |
-1,06 |
|
|
|
|
|
EBITDA |
7,82 |
2,31 |
5,51 |
|
|
|
|
|
EBIT |
1,56 |
-0,16 |
1,72 |
|
|
|
|
|
NET RESULT |
1,30 |
-1,14 |
2,44 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4673
Number of companies: 3168
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 |
15.666,63 |
Legal Reserve |
1.566,66 |
|
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 |
0,00 |
|
Total of Amounts to be distributed |
15.666,63 |
Dividends |
0,00 |
|
|
|
Carry over and others |
14.099,97 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
15.666,63 |
company ADDRESSES
Current Legal Seat
Address:
CARRETERA OLULA
MACAEL, KM 1
04860 OLULA DEL RIO ALMERΝA
Characteristics of the current address
Type of
establishment: store
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE SIERRA NEVADA (EL PARADOR DE LAS
HORTICHUELAS), S/N |
04738 |
VICAR |
Almerνa |
|
CALLE PRADO LLANO (POL. INDUSTRIAL MIRADOR SIERRA
NEVADA), - NAVES 16-18 |
18339 |
CIJUELA |
Granada |
There are 2 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
Governing body : 1 member (latest change:
20/11/1997)
Other Positions : 2 (latest change: 12/12/2007)
Operative Board Members : 5 (latest change: 27/06/2012)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
GARCIA CRUZ, IGNACIO |
20/11/1997 |
|
|
|
|
There are 3 board members, directors and auditors registered
|
POSITION |
NAME AND SURNAME |
|
Manager |
GARCIA CRUZ, IGNACIO |
|
Financial Manager |
GARCIA SANCHEZ, CARMEN M. |
|
Commercial Director |
GARCIA SANCHEZ, MARIOLA |
|
Exports Director |
GARCIA SANCHEZ, CARMEN M. |
|
Imports Director |
GARCIA SANCHEZ, CARMEN M. |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GARCIA CRUZ IGNACIO |
|
100,00 |
OWN SOURCES |
11/06/2013 |
There are 1 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SANCHEZ GARCIA MARIA ANGELES |
|
10,00 |
OWN SOURCES |
23/02/2012 |
POTENTIAL LINKS
Search Criterion: MARMOLES SOL SOCIEDAD LIMITADA
URL: www.marmolesdemacael.com
organos de gobierno - AEMA | Marmoles de Macael | Asociaciσn de ... MARMOLES
ANTONIO EL DE PURA, S.L.. VICEPRESIDENTE 3Ί DΡA. CARMEN Mͺ GARCIA SANCHEZ.
MARMOLES SOL, S.L.. SECRETARIO D. LUIS ...
URL: www.boe.es
pdf (borme-a-2012-241-04 - 257 kb ) - BOE.es 18 Dic 2012
... 523781 - MARMOLES SOL SOCIEDAD LIMITADA. Ampliaciσn de capital. Capital :
300.500,00 Euros. Resultante Suscrito: 622.996,60 Euros.
BUSINESS INFORMATION
Incorporation date: 16/10/1986
Establishment date: 01/01/1985
Activity: Wholesale of construction materials : glass
NACE 2009 CODE: 4673
NACE 2009 Activity: Wholesale of wood, construction materials and sanitary equipment
Business: COMERCIO AL MAYOR MATERIALES CONSTRUCCION
Activity description: Distribuciσn, importaciσn y exportaciσn de mαrmoles y granitos.
Latest employees figure: 8 (2013)
% of fixed employees: 100,00%
% of men: 55,56%
% of women: 44,44%
Employees
evolution
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
5 |
4 |
El 100% de su cifra de negocio corresponde a ventas
de mercaderνas.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE VALENCIA, S.A. |
1412 |
C. GARCIA LORCA, 78 |
MACAEL |
Almerνa |
|
BANCO POPULAR ESPAΡOL, S.A. |
0070 |
GARCIA LORCA 26 |
OLULA DEL RIO |
Almerνa |
There are 2 bank entities registered
FORMER NAMES:
MARMOLES SOL S.A.
LEGAL
STRUCTURE
Constitution Data
Register Date: 16/10/1986
Legal form: Limited Liability Company
Share capital: 622.996,60
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: 5 (Last: 12/12/2007, first: 26/02/1993)
· Acts on capital: 5 (Last: 18/12/2012, first: 25/04/2007)
· Acts on creation: 0
· Acts on filed accounts: 22 (Last: 13/10/2011, first: 11/10/1990)
· Acts on identification: 1 (Last: 26/02/1993)
· Acts on Information: 8 (Last: 18/12/2012, first: 26/02/1993)
Latest acts in
B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Capital enlargement (IA) |
18/12/2012 |
523781 |
Almerνa |
|
|
|
|
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Modification of the Articles of Association |
18/12/2012 |
523781 |
Almerνa |
|
Annual Filed Accounts (2010) |
13/10/2011 |
789582 |
Almerνa |
|
Modification of the Articles of Association |
08/03/2011 |
104472 |
Almerνa |
|
Capital enlargement (IA) |
08/03/2011 |
104472 |
Almerνa |
|
Annual Filed Accounts (2009) |
06/09/2010 |
447842 |
Almerνa |
|
Modification of the Articles of Association |
12/03/2010 |
104992 |
Almerνa |
|
Capital enlargement (IA) |
12/03/2010 |
104992 |
Almerνa |
|
Annual Filed Accounts (2008) |
09/09/2009 |
347795 |
Almerνa |
|
Annual Filed Accounts (2007) |
01/09/2008 |
363358 |
Almerνa |
There are 41 acts registered
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 0
Structural Data: 1 (Last: 19/02/2012)
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 0
Latest press
article published
19/02/2012 LA VOZ DE
ALMERIA (Page 31) BRANCHES
MΑRMOLES SOL, empresa exportadora y distribuidora de piedra natural, ha
inaugurado recientemente unas nuevas instalaciones en Granada. Con este suma ya
su tercer almacιn, el primero ubicado en Macael. Un segundo en la Puebla de
Vνcar y un tercero operativo desde principios de mes en Granada con capacidad
de distribuciσn para toda Andalucνa Oriental. Estas nuevas instalaciones en el
Polνgono Industrial de Sierra Nevada, Calle Prado Llano, naves 16-18 en Cijuela
(Granada), son provisiones ya que la Cνa. tiene previsto abrir el almacιn en el
Polνgono Industrial de Chauchina.
There are 1 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 07/09/2012.
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 |
566.920,30 |
25,42 |
600.848,10 |
34,20 |
663.503,79 |
34,28 |
|
I. Intangible assets |
4.606,93 |
0,21 |
7.004,68 |
0,40 |
9.402,43 |
0,49 |
|
II. Tangible fixed assets |
562.023,53 |
25,20 |
593.553,58 |
33,78 |
653.811,52 |
33,78 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
289,84 |
0,01 |
289,84 |
0,02 |
289,84 |
0,01 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.663.388,72 |
74,58 |
1.156.236,74 |
65,80 |
1.271.822,71 |
65,72 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
905.084,35 |
40,58 |
581.596,35 |
33,10 |
577.095,15 |
29,82 |
|
III. Trade Debtors and other receivable accounts |
487.754,43 |
21,87 |
475.358,23 |
27,05 |
600.107,24 |
31,01 |
|
1. Clients |
392.472,50 |
17,60 |
471.839,18 |
26,85 |
536.174,73 |
27,70 |
|
b) Clients for sales and short term services
rendering |
392.472,50 |
17,60 |
471.839,18 |
26,85 |
536.174,73 |
27,70 |
|
3. Other debtors |
95.281,93 |
4,27 |
3.519,05 |
0,20 |
63.932,51 |
3,30 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
270.549,94 |
12,13 |
99.282,16 |
5,65 |
94.620,32 |
4,89 |
|
TOTAL ASSETS (A + B) |
2.230.309,02 |
100,00 |
1.757.084,84 |
100,00 |
1.935.326,50 |
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 |
1.428.910,86 |
64,07 |
1.323.094,23 |
75,30 |
1.299.346,64 |
67,14 |
|
A-1) Equity |
1.428.910,86 |
64,07 |
1.323.094,23 |
75,30 |
1.299.346,64 |
67,14 |
|
I. Capital |
322.496,60 |
14,46 |
232.346,60 |
13,22 |
232.346,60 |
12,01 |
|
1. Authorized capital |
322.496,60 |
14,46 |
232.346,60 |
13,22 |
232.346,60 |
12,01 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
595.225,37 |
26,69 |
595.225,37 |
33,88 |
592.879,30 |
30,63 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
495.522,26 |
22,22 |
471.774,67 |
26,85 |
450.660,12 |
23,29 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
15.666,63 |
0,70 |
23.747,59 |
1,35 |
23.460,62 |
1,21 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
258.534,16 |
11,59 |
198.334,16 |
11,29 |
193.529,79 |
10,00 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
258.534,16 |
11,59 |
198.334,16 |
11,29 |
193.529,79 |
10,00 |
|
1. Debts with bank entities |
258.534,16 |
11,59 |
|
|
|
|
|
2. Financial leasing creditors |
|
|
|
|
1.195,63 |
0,06 |
|
3. Other long term debts |
|
|
198.334,16 |
11,29 |
192.334,16 |
9,94 |
|
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 |
542.864,00 |
24,34 |
235.656,45 |
13,41 |
442.450,07 |
22,86 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
|
|
1.182,02 |
0,07 |
14.450,78 |
0,75 |
|
2. Financial leasing creditors |
|
|
1.182,02 |
0,07 |
14.450,78 |
0,75 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
542.864,00 |
24,34 |
234.474,43 |
13,34 |
427.999,29 |
22,12 |
|
1. Suppliers |
472.274,83 |
21,18 |
214.600,12 |
12,21 |
341.436,24 |
17,64 |
|
a) Long term suppliers |
472.274,83 |
21,18 |
|
|
|
|
|
b) Short term suppliers |
|
|
214.600,12 |
12,21 |
341.436,24 |
17,64 |
|
2. Other creditors |
70.589,17 |
3,16 |
19.874,31 |
1,13 |
86.563,05 |
4,47 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
2.230.309,02 |
100,00 |
1.757.084,84 |
100,00 |
1.935.326,50 |
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 |
1.201.311,59 |
100,00 |
1.232.822,47 |
99,75 |
1.646.371,71 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
323.488,00 |
26,93 |
-809.314,97 |
-65,48 |
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-1.122.089,99 |
-93,40 |
|
|
-1.149.125,58 |
-69,80 |
|
5. Other operating income |
18,03 |
0,00 |
3.056,00 |
0,25 |
|
|
|
6. Labour cost |
-204.381,58 |
-17,01 |
-216.887,34 |
-17,55 |
-240.586,76 |
-14,61 |
|
7. Other operating costs |
-105.583,52 |
-8,79 |
-116.605,76 |
-9,44 |
-125.090,85 |
-7,60 |
|
8. Amortization of fixed assets |
-75.177,32 |
-6,26 |
-62.655,69 |
-5,07 |
-99.557,64 |
-6,05 |
|
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 |
|
|
|
|
-231,06 |
-0,01 |
|
13. Other results |
1.184,08 |
0,10 |
700,26 |
0,06 |
-28,00 |
0,00 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
18.769,29 |
1,56 |
31.114,97 |
2,52 |
31.751,82 |
1,93 |
|
14. Financial income |
2.119,55 |
0,18 |
1.193,16 |
0,10 |
3.500,52 |
0,21 |
|
b) Other financial income |
2.119,55 |
0,18 |
1.193,16 |
0,10 |
3.500,52 |
0,21 |
|
15. Financial expenses |
|
|
-644,68 |
-0,05 |
-3.971,42 |
-0,24 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
|
|
|
|
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
2.119,55 |
0,18 |
548,48 |
0,04 |
-470,90 |
-0,03 |
|
C) RESULT BEFORE TAXES (A + B) |
20.888,84 |
1,74 |
31.663,45 |
2,56 |
31.280,92 |
1,90 |
|
20. Taxes on profits |
-5.222,21 |
-0,43 |
-7.915,86 |
-0,64 |
-7.820,30 |
-0,48 |
|
D) EXERCISE RESULT (C + 20) |
15.666,63 |
1,30 |
23.747,59 |
1,92 |
23.460,62 |
1,42 |
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 |
|
|
23.460,62 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and subventions |
|
|
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and subventions |
|
|
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
|
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
|
|
23.460,62 |
Total net worth
changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
192.320,00 |
584.372,93 |
374.102,77 |
85.063,72 |
|
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) |
192.320,00 |
584.372,93 |
374.102,77 |
85.063,72 |
|
I. Total recognized income and expenses |
|
|
|
23.460,62 |
|
II. Operations with partners or owners |
40.026,60 |
|
|
|
|
1. Capital Increases |
40.026,60 |
|
|
|
|
III. Other net worth variations |
|
8.506,37 |
76.557,35 |
-85.063,72 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
232.346,60 |
592.879,30 |
450.660,12 |
23.460,62 |
|
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) |
232.346,60 |
592.879,30 |
450.660,12 |
23.460,62 |
|
I. Total recognized income and expenses |
|
|
|
23.747,59 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
2.346,07 |
21.114,55 |
-23.460,62 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
232.346,60 |
595.225,37 |
471.774,67 |
23.747,59 |
|
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) |
232.346,60 |
595.225,37 |
471.774,67 |
23.747,59 |
|
I. Total recognized income and expenses |
|
|
|
15.666,63 |
|
II. Operations with partners or owners |
90.150,00 |
|
|
|
|
1. Capital Increases |
90.150,00 |
|
|
|
|
III. Other net worth variations |
|
|
23.747,59 |
-23.747,59 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
322.496,60 |
595.225,37 |
495.522,26 |
15.666,63 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.235.859,42 |
|
||
|
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) |
1.235.859,42 |
|
||
|
I. Total recognized income and expenses |
23.460,62 |
|
||
|
II. Operations with partners or owners |
40.026,60 |
|
||
|
1. Capital Increases |
40.026,60 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.299.346,64 |
|
||
|
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) |
1.299.346,64 |
|
||
|
I. Total recognized income and expenses |
23.747,59 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.323.094,23 |
|
||
|
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) |
1.323.094,23 |
|
||
|
I. Total recognized income and expenses |
15.666,63 |
|
||
|
II. Operations with partners or owners |
90.150,00 |
|
||
|
1. Capital Increases |
90.150,00 |
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
1.428.910,86 |
|
||
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
1.120.524,72 |
21,72 |
920.580,29 |
11,00 |
829.372,64 |
|
Working capital ratio |
0,50 |
-3,85 |
0,52 |
20,93 |
0,43 |
|
Soundness Ratio |
2,52 |
14,55 |
2,20 |
12,24 |
1,96 |
|
Average Collection Period (days) |
146 |
5,18 |
139 |
5,75 |
131 |
|
Average Payment Period (days) |
159 |
-78,02 |
724 |
498,51 |
121 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
306,41 |
-37,55 |
490,64 |
70,69 |
287,45 |
|
Quick Ratio (%) |
49,84 |
18,30 |
42,13 |
96,96 |
21,39 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
11,59 |
2,02 |
11,36 |
5,67 |
10,75 |
|
External Financing Average Cost |
|
|
0,00 |
-100,00 |
0,02 |
|
Debt Service Coverage |
2,85 |
23,38 |
2,31 |
36,69 |
1,69 |
|
Interest Coverage |
|
-100,00 |
48,26 |
503,25 |
8,00 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
7,56 |
7,85 |
7,01 |
-6,16 |
7,47 |
|
Auto financing generated by Assets (%) |
4,07 |
-17,28 |
4,92 |
-22,64 |
6,36 |
|
Breakdown Point |
1,02 |
-0,97 |
1,03 |
0,98 |
1,02 |
|
Average Sales Volume per Employee |
131.434,53 |
-1,06 |
132.847,25 |
-12,93 |
152.583,11 |
|
Average Cost per Employee |
22.361,22 |
-4,32 |
23.371,48 |
4,82 |
22.297,20 |
|
Assets Turnover |
0,54 |
-22,86 |
0,70 |
-17,65 |
0,85 |
|
Inventory Turnover (days) |
291 |
|
|
-100,00 |
181 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
0,84 |
-52,54 |
1,77 |
7,93 |
1,64 |
|
Operating Profitability (%) |
4,21 |
-21,16 |
5,34 |
-21,35 |
6,78 |
|
Return on Equity (ROE) (%) |
1,46 |
-38,91 |
2,39 |
-0,83 |
2,41 |
SECTORIAL ANALYSIS
Balance Sheet
and Financial Balance
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
25,42 |
38,26 |
-12,84 |
|
A) CURRENT ASSETS |
74,58 |
61,74 |
12,84 |
|
LIABILITIES |
|||
|
A) NET WORTH |
64,07 |
48,01 |
16,06 |
|
B) NON CURRENT LIABILITIES |
11,59 |
16,66 |
-5,07 |
|
C) CURRENT LIABILITIES |
24,34 |
35,33 |
-10,99 |
Results
Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,92 |
1,08 |
|
Other operating income |
0,00 |
1,08 |
-1,08 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-93,40 |
-65,83 |
-27,57 |
|
Variation in stocks of finished goods and work in progress |
26,93 |
0,41 |
26,52 |
|
GROSS MARGIN |
33,52 |
34,58 |
-1,06 |
|
Other operating costs |
-8,79 |
-14,21 |
5,42 |
|
Labour cost |
-17,01 |
-18,57 |
1,56 |
|
GROSS OPERATING RESULT |
7,72 |
1,80 |
5,92 |
|
Amortization of fixed assets |
-6,26 |
-2,70 |
-3,56 |
|
Deterioration and result for fixed assets disposal |
|
0,23 |
|
|
Other expenses / income |
|
0,52 |
|
|
NET OPERATING RESULT |
1,56 |
-0,16 |
1,72 |
|
Financial result |
0,18 |
-1,11 |
1,29 |
|
RESULT BEFORE TAX |
1,74 |
-1,26 |
3,00 |
|
Taxes on profits |
-0,43 |
0,12 |
-0,55 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,30 |
-1,14 |
2,44 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,30 |
-1,14 |
2,44 |
|
Amortization of fixed assets |
-6,26 |
-2,70 |
-3,56 |
|
Deterioration and provisions variation |
|
0,24 |
|
|
|
7,56 |
1,32 |
6,24 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
1.120.524,72 |
23.002,01 |
134.962,47 |
367.263,65 |
|
Working capital ratio |
0,50 |
0,07 |
0,25 |
0,46 |
|
Soundness Ratio |
2,52 |
0,69 |
1,48 |
3,69 |
|
Average Collection Period (days) |
146 |
47 |
82 |
138 |
|
Average Payment Period (days) |
159 |
74 |
111 |
183 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
306,41 |
113,16 |
161,64 |
280,70 |
|
Quick Ratio (%) |
49,84 |
3,37 |
14,13 |
55,90 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
11,59 |
4,90 |
23,04 |
43,87 |
|
External Financing Average Cost |
|
0,02 |
0,04 |
0,08 |
|
Debt Service Coverage |
2,85 |
0,00 |
2,08 |
11,58 |
|
Interest Coverage |
|
-3,09 |
1,17 |
3,44 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
7,56 |
-0,86 |
1,88 |
4,72 |
|
Auto financing generated by Assets (%) |
4,07 |
-0,76 |
1,79 |
4,53 |
|
Breakdown Point |
1,02 |
0,97 |
1,01 |
1,04 |
|
Average Sales Volume per Employee |
131.434,53 |
83.998,55 |
129.291,96 |
198.585,73 |
|
Average Cost per Employee |
22.361,22 |
17.593,46 |
23.739,69 |
31.157,60 |
|
Assets Turnover |
0,54 |
0,54 |
0,94 |
1,45 |
|
Inventory Turnover (days) |
291 |
62 |
146 |
316 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
0,84 |
-2,61 |
1,21 |
3,40 |
|
Operating Profitability (%) |
4,21 |
-0,55 |
3,01 |
6,28 |
|
Return on Equity (ROE) (%) |
1,46 |
-8,12 |
1,11 |
6,22 |
ADDITIONAL INFORMATION
Consulted Sources
Mercantile Registrars
Chamber of Commerce / Camerdata
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
BOP
INTERNET
La propia empresa.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.93 |
|
UK Pound |
1 |
Rs.91.81 |
|
Euro |
1 |
Rs.78.18 |
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.