MIRA INFORM REPORT

 

 

Report Date :

19.06.2013

 

IDENTIFICATION DETAILS

 

Name :

MIRCAN 1979 SL

 

 

Formerly Known As :

CARLES MIRO SERRADOR

 

 

Registered Office :

Rambla Badal, 75 - En 3 08014 Barcelona 

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

01.01.1979

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of other products

 

 

No. of Employees :

2

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March, 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Spain

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

SPAIN - ECONOMIC OVERVIEW

 

After almost 15 years of above average GDP growth, the Spanish economy began to slow in late 2007 and entered into a recession in the second quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and by another 0.3% in 2010; GDP expanded 0.4% in 2011, before contracting 1.4% in 2012. The economy has once again fallen into recession as deleveraging in the private sector, fiscal consolidation, and continued high unemployment weigh on domestic demand and investment, even as exports have shown signs of resiliency. The unemployment rate rose from a low of about 8% in 2007 to 26.0% in 2012. The economic downturn has also hurt Spain''s public finances. The government budget deficit peaked at 11.2% of GDP in 2010 and the process to reduce this imbalance has been slow despite the central government''s efforts to raise new tax revenue and cut spending. Spain reduced its budget deficit to 9.4% of GDP in 2011, and roughly 7.4% of GDP in 2012, above the 6.3% target negotiated between Spain and the EU. Although Spain''s large budget deficit and poor economic growth prospects remain a source of concern for foreign investors, the government''s ongoing efforts to cut spending and introduce flexibility into the labor markets are intended to assuage these concerns. The government is also taking steps to shore up the banking system, namely by using up to $130 billion in EU funds to recapitalize struggling banks exposed to the collapsed domestic construction and real estate sectors.

Source : CIA

 

Company name

 

MIRCAN 1979 SL

CIF/NIF: B62637822

Company situation: Active

  

 

EXECUTIVE SUMMARY

    

Identification

Current Business Name: MIRCAN 1979 SL

Other names: NO

Current Address:  RAMBLA BADAL, 75 - EN 3

08014 BARCELONA 

Branches:  1

Telephone number: 932967174 Fax: 933314322

URL:  www.mircan1979.com 

Corporate e-mail:  carles@mircan1979.com

 

Trade Risk

Incidents:  NO

R.A.I.:  NO

EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of Payment:  NO

 

Financial Information

Balance sheet latest sales (2011):  871.711,99 € (Mercantile Register)

Result: 49.665,13 €

Total Assets: 548.837,73 €

Share capital:  3.006,00 €

Employees:  2

Listed on a Stock Exchange: NO

 

 Commercial Information

Incorporation date:  05/07/2001

Activity:  Wholesale of other products

NACE 2009 CODE: 4690

International Operations:  Imports

 

Corporate Structure

Sole Administrator: 

 MIRO ACEDO JORDI

 

Other Complementary Information

Latest filed accounts in the Mercantile Register: 2011

Latest act published in BORME:  16/01/2013 Modification of the Articles of Association

Latest press article: No press articles registered for this company

Bank Entities: There are not

 

 

Rating Explanation

Financial situation

The company’s financial situation is good.

The company’s financial situation evolution has been stable.

The sales evolution and results has been negative.

Company Structure

The company’s capitalization degree determines that its structure is normal.

The company’s size is  very small depending on its sales volume.

The employees evolution has been stable.

Performance and Incidences

The available information indicates that the company does not have payment incidences.

He have detected no recent legal actions or claims from the Administration against this company.

Accounts Filing

The company files regularly its accounts.

 

Reasons of the last outstanding calculation in the note

DATE

CHANGE

RESULTING NOTE

EVENT

30/11/2012

  Equal

15

There has been a change in the formula version.

 

17/08/2012

  Reduction

15

New financial statements have been uploaded.

 

21/10/2011

  Equal

16

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.

EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT

 

 Summary

COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT

There is no information related to the nif/cif consulted in the in the EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT file

This information comes from Experian Bureau Empresarial Service, property of Experian Bureau de Crédito S.A. It could just be used for businessmen or professionals and for the own aims of the business, and could not be transferred or transmitted to third parties, copied, duplicate or reproduce, nor incorporate to any owned or external database, or reuse it in any direct or indirect way. Experian Bureau de Crédito S.A. may file you for damages it may suffer in case of breaching any of the afore mentioned obligations. Experian would not be responsible of the lack of accuracy in the supplied information when it coincides with the one supplied by the creditor entities.

 

 

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

18/06/2013 08:06:27

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

  

Balance-sheet analysis

Figures given in €

 

31/12/2011

(12)

BALANCE SHEET

 

%

ASSETS

 

31/12/2010

(12)

BALANCE SHEET

 

%

ASSETS

 

31/12/2009

(12)

BALANCE SHEET

 

%

ASSETS

 

ASSETS

 

 

 

 

 

 

A) NON CURRENT ASSETS

6.446,01

1,17

9.045,47

1,68

11.694,32

2,38

B) CURRENT ASSETS

542.391,72

98,83

530.663,29

98,32

479.126,07

97,62

LIABILITIES

 

 

 

 

 

 

A) NET WORTH

406.492,44

74,06

356.827,31

66,11

303.758,46

61,89

B) NON CURRENT LIABILITIES

 

 

 

 

 

 

C) CURRENT LIABILITIES

142.345,29

25,94

182.881,45

33,89

187.061,93

38,11

 

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

871.711,99

 

1.065.862,02

 

772.992,69

 

GROSS MARGIN

304.259,24

34,90

295.618,39

27,74

249.290,70

32,25

EBITDA

62.132,57

7,13

70.209,44

6,59

50.044,77

6,47

EBIT

59.533,11

6,83

67.560,59

6,34

47.366,74

6,13

NET RESULT

49.665,13

5,70

53.068,85

4,98

37.300,89

4,83

EFFECTIVE TAX RATE (%)

25,00

0,00

25,00

0,00

27,49

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

1,17

34,06

-32,89

 

 

 

 

A) CURRENT ASSETS

98,83

65,94

32,89

 

 

 

 

LIABILITIES

 

 

 

 

A) NET WORTH

74,06

43,99

30,07

 

 

 

 

B) NON CURRENT LIABILITIES

 

15,87

 

 

 

 

 

C) CURRENT LIABILITIES

25,94

40,13

-14,19

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPANY

(2011)

 

SECTOR

DIFFERENCE

 

 

 

 

PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income

 

 

 

 

 

 

 

SALES

100,00

98,75

1,25

 

 

 

 

GROSS MARGIN

34,90

36,04

-1,14

 

 

 

 

EBITDA

7,13

4,10

3,03

 

 

 

 

EBIT

6,83

2,27

4,56

 

 

 

 

NET RESULT

5,70

0,86

4,84

 

 

 

 

 

Sector Composition

Compared sector (NACE 2009): 469

Number of companies: 2759

Size (sales figure): 0 - 2,800,000.00 Euros

 

 

ADDRESSES

   

Business address

Current Legal Seat Address: 

RAMBLA BADAL, 75 - EN 3

08014 BARCELONA

  

Branches

STREET

POSTAL CODE

TOWN

PROVINCE

CALLE MENORCA (OFICINA 9), 16

28009

MADRID

Madrid

There are 1 branches registered

 

 

CORPORATE STRUCTURE

  

ADMINISTRATIVE LINKS

  

Summary

Governing body : 1 member (latest change: 29/04/2008)

Other Positions : 2 (latest change: 29/04/2008)

Operative Board Members : 2 (latest change: 18/06/2013)

Non-current positions : 2 (latest change: 29/04/2008)

 

Main Board members, Directors and Auditor

Governing body

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

SOLE ADMINISTRATOR

MIRO ACEDO JORDI

29/04/2008

 

 

 

There are 3 board members, directors and auditors registered

Board members remuneration

       Source: Annual financial report 2011

        Board members remuneration: 86.594,43 €

 

Functional Managers

POSITION

NAME AND SURNAME

Commercial Director

MIRÓ JORDI

Technical Manager

CARLES MIRÓ

 

 

FINANCIAL LINKS

  

Direct Shareholders

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

MIRO SERRADOR CARLES

 

Indef.

OWN SOURCES

18/06/2013

There are 1 direct financial links through shareholders registered

    

 

POTENTIAL LINKS

  

Search for Link by Administrator

Search Criterion: ”MIRO ACEDO JORDI”

COMPANY

POSITION

PROVINCE

MIRCAN 1979 SL

Administrador Único

 

BARCELONA

 

MIRCAN 1979 SL

Apoderado

 

BARCELONA

 

In case you need more information you can request:Board Members Monitoring

  

Name Search in the Internet

Search Criterion: ”MIRCAN 1979 SL”

URL: www.mircan1979.com

mircan 1979, sl  MIRCAN és una petita empresa familiar que neix fa més de 20 anys amb el ferm prop̣sit de comercialitzar i representar marques internacionals. El seu ...

URL: www.aipcnet.com

Empresas fabricantes de maquinaria y equipos  Mircan 1979, S.L.. Badal, 75.Entol 3A. 08014 Barcelona. Barcelona. Teléfono: 932967174. Fax: 933314322 mircan1979.com mircan-carles@jet.es. Multiheat ...

URL: www.gloucesterengineering.com

News & Events - Gloucester Engineering  Read the release. MAY 3. Gloucester Engineering Announces Mircan 1979 S.L. as its New Sales Representative for Spain & Portugal. Read the release.

URL: www.gloucesterengineering.com

CONTACT US - Gloucester Engineering  Mircan 1979, S.L.. Jordi Miro Phone +34 932 967 174 jordi@mircan1979.com. UK and Ireland Extrutech Ltd Mike Woodhead Phone +44 (0)1905 621 922 or ...

URL: www.extrusiondies.com

Contact - Extrusion Dies Inc.  Mircan 1979, S.L.. Badal, 75 entol 3a 08014 Barcelona Spain. Phone: 34.932. 967174. Fax: 34.933.314322. Email mircan@mircan1979.com » · View website».

 

 

BUSINESS INFORMATION

   

Constitution

Incorporation date:       05/07/2001

 

Origin / Establishment

Establishment date:     01/01/1979

Founder’s Name:          CARLES MIRO SERRADOR

 

Activity

Activity: Wholesale of other products

NACE 2009 CODE: 4690

NACE 2009 Activity: Non-specialised wholesale trade

Business: LA VENTA Y DISTRIBUCION AL MAYOR O DETALLE DE EQUIPOS PERIFERICOS PARA LA EXTRUSION DEL PLASTICO TANTO EN EL MERCADO NACIONAL, C.E.E. E INTERNACIONAL REPRESENTACION DE MATERIAL ELECTRONICO, ELECTRICO EN CONCEPTO DE COMIS

Activity description: Comercialización y representación de marcas internacionales. MIRCAN se ha ido especializando más y más en el sector del plástico, y en concreto en el de la extrusión y proceso de polímeros

 

Employees

Latest employees figure: 2 (2011)

% of fixed employees: 100,00%

 

Employees evolution

 

 

 

COMMERCIAL OPERATIONS

 

PURCHASES

Import Percentage: 83%

Imports from: UE Y OTROS PAISES

National Distribution: 17%

 

SUPPLIERS

BUSINESS NAME

INTERNATIONAL

MAAG

YES

DYNISCO

YES

NORDSON

YES

GRAEWE

YES

TERMOFISHER SCIENTIFIC

YES

There are 5 Suppliers.

  

Banks

No bank branches registered

 

 

LEGAL STRUCTURE

   

Constitution Data

Register Date: 05/07/2001

Register town: Barcelona

Announcement number: 344896

Share capital: 3.006 €

 

Current structure data

Legal form: Limited Liability Company

Share capital: 3.006,00 €

 

Legal Aspects

Obligation to fill in Financial Statements: YES

Chamber census: YES (2011)

 

 

B.O.R.M.E.

 

(OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)

  

Summary

  Acts on activity: 0

  Acts on administrators: 5 (Last: 29/04/2008, first: 18/09/2001)

  Acts on capital: 0

  Acts on creation: 1 (Last: 18/09/2001)

  Acts on filed accounts: 10 (Last: 27/10/2011, first: 08/11/2002)

  Acts on identification: 0

  Acts on Information: 1 (Last: 16/01/2013)

 

Latest acts in B.O.R.M.E.

Other acts

ACT

DATE

NOTICE NUM.

MERCANTILE REGISTER

Modification of the Articles of Association

16/01/2013

19921

Barcelona

Annual Filed Accounts (2010)

27/10/2011

872793

Barcelona

Annual Filed Accounts (2009)

29/10/2010

930892

Barcelona

Annual Filed Accounts (2008)

14/07/2009

166192

Barcelona

Annual Filed Accounts (2007)

07/10/2008

783707

Barcelona

Appointments

29/04/2008

220767

Barcelona

Appointments

29/04/2008

220766

Barcelona

Resignations

29/04/2008

220766

Barcelona

Annual Filed Accounts (2006)

30/10/2007

914090

Barcelona

Annual Filed Accounts (2005)

05/01/2007

21163

Barcelona

There are 17 acts registered

 

 

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 17/08/2012.

 

SITUATION BALANCE-SHEET

  

Assets

Figures given in €

 

31/12/2011

(12)

 

%

ASSETS

 

31/12/2010

(12)

 

%

ASSETS

 

31/12/2009

(12)

 

%

ASSETS

 

A) NON CURRENT ASSETS

6.446,01

1,17

9.045,47

1,68

11.694,32

2,38

I. Intangible assets

 

 

 

 

 

 

II. Tangible fixed assets

6.446,01

1,17

9.045,47

1,68

11.694,32

2,38

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

542.391,72

98,83

530.663,29

98,32

479.126,07

97,62

I. Non-current assets maintained for sale

 

 

 

 

 

 

II. Stocks

3.750,00

0,68

3.000,00

0,56

43.740,00

8,91

III. Trade Debtors and other receivable accounts

268.751,64

48,97

237.830,05

44,07

180.364,29

36,75

1. Clients

268.751,64

48,97

237.830,05

44,07

180.364,29

36,75

   b) Clients for sales and short term services rendering

268.751,64

48,97

237.830,05

44,07

180.364,29

36,75

IV. Short term investments in associated and affiliated companies

 

 

 

 

 

 

V. Short term financial investments

31.000,00

5,65

11.000,00

2,04

 

 

VI. Short term periodifications

 

 

 

 

 

 

VII. Cash and equivalents

238.890,08

43,53

278.833,24

51,66

255.021,78

51,96

TOTAL ASSETS (A + B)

548.837,73

100,00

539.708,76

100,00

490.820,39

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

406.492,44

74,06

356.827,31

66,11

303.758,46

61,89

A-1) Equity

406.492,44

74,06

356.827,31

66,11

303.758,46

61,89

I. Capital

3.006,00

0,55

3.006,00

0,56

3.006,00

0,61

1. Authorized capital

3.006,00

0,55

3.006,00

0,56

3.006,00

0,61

II. Issue premium

 

 

 

 

 

 

III. Reserves

353.821,31

64,47

300.752,46

55,72

263.451,57

53,68

IV. (Net worth own shares and participations)

 

 

 

 

 

 

V. Results from previous years

 

 

 

 

 

 

VI. Other loans from partners

 

 

 

 

 

 

VII. Exercise Result

49.665,13

9,05

53.068,85

9,83

37.300,89

7,60

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

142.345,29

25,94

182.881,45

33,89

187.061,93

38,11

I. Liabilities related with non-current assets maintained for sale

 

 

 

 

 

 

II. Short term provisions

 

 

 

 

 

 

III. Short term debts

65.624,30

11,96

63.600,56

11,78

63.600,33

12,96

3. Other short term debts

65.624,30

11,96

63.600,56

11,78

63.600,33

12,96

IV. Short term debts with associated and affiliated companies

 

 

 

 

 

 

V. Trade creditors and other payable accounts

76.720,99

13,98

119.280,89

22,10

123.461,60

25,15

1. Suppliers

30.783,60

5,61

81.055,87

15,02

96.371,92

19,63

   b) Short term suppliers

30.783,60

5,61

81.055,87

15,02

96.371,92

19,63

2. Other creditors

45.937,39

8,37

38.225,02

7,08

27.089,68

5,52

VI. Short term periodifications

 

 

 

 

 

 

VII. Short term debts with special characteristics

 

 

 

 

 

 

TOTAL NET WORTH AND LIABILITIES (A + B + C)

548.837,73

100,00

539.708,76

100,00

490.820,39

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

871.711,99

100,00

1.065.862,02

100,00

772.992,69

100,00

2. Variation in stocks of finished goods and work in progress

 

 

 

 

 

 

3. Works for its own assets

 

 

 

 

 

 

4. Supplies

-567.452,75

-65,10

-770.243,63

-72,26

-523.701,99

-67,75

5. Other operating income

 

 

 

 

 

 

6. Labour cost

-151.461,07

-17,38

-120.584,89

-11,31

-114.272,48

-14,78

7. Other operating costs

-119.944,93

-13,76

-104.416,32

-9,80

-86.272,33

-11,16

8. Amortization of fixed assets

-2.599,46

-0,30

-2.648,85

-0,25

-2.678,03

-0,35

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

29.279,33

3,36

-407,74

-0,04

1.298,88

0,17

A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13)

59.533,11

6,83

67.560,59

6,34

47.366,74

6,13

14. Financial income

7.188,73

0,82

3.804,88

0,36

4.217,99

0,55

b) Other financial income

7.188,73

0,82

3.804,88

0,36

4.217,99

0,55

15. Financial expenses

 

 

 

 

-0,25

0,00

16. Reasonable value variation on financial instruments

 

 

 

 

 

 

17. Exchange differences

-501,67

-0,06

-607,00

-0,06

-144,99

-0,02

18. Deterioration and result for disposal of financial instruments

 

 

 

 

 

 

19. Other financial income and expenses

 

 

 

 

 

 

B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19)

6.687,06

0,77

3.197,88

0,30

4.072,75

0,53

C) RESULT BEFORE TAXES (A + B)

66.220,17

7,60

70.758,47

6,64

51.439,49

6,65

20. Taxes on profits

-16.555,04

-1,90

-17.689,62

-1,66

-14.138,60

-1,83

D) EXERCISE RESULT (C + 20)

49.665,13

5,70

53.068,85

4,98

37.300,89

4,83

 

 

 

NET WORTH CHANGES STATUS

  

Status of recognized income and expenses

For the financial statements presented under the SME’s 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

229.465,89

33.985,68

266.457,57

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

229.465,89

33.985,68

266.457,57

I. Total recognized income and expenses

 

 

37.300,89

37.300,89

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

33.985,68

-33.985,68

 

FINAL ACCOUNT BALANCE OF EXERCISE (2009)

3.006,00

263.451,57

37.300,89

303.758,46

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)

3.006,00

263.451,57

37.300,89

303.758,46

I. Total recognized income and expenses

 

 

53.068,85

53.068,85

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

37.300,89

-37.300,89

 

FINAL ACCOUNT BALANCE OF EXERCISE (2010)

3.006,00

300.752,46

53.068,85

356.827,31

I. Adjustments by change of criteria in the exercise (2010)

 

 

 

 

II. Adjustments by errors in the exercise (2010)

 

 

 

 

ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011)

3.006,00

300.752,46

53.068,85

356.827,31

I. Total recognized income and expenses

 

 

49.665,13

49.665,13

II. Operations with partners or owners

 

 

 

 

III. Other net worth variations

 

53.068,85

-53.068,85

 

FINAL ACCOUNT BALANCE OF EXERCISE (2011)

3.006,00

353.821,31

49.665,13

406.492,44

 

RATIOS

 

31/12/2011

(12)

 

CHANGE %

31/12/2010

(12)

 

CHANGE %

31/12/2009

(12)

 

BALANCE RATIOS

Working Capital (€)

400.046,43

15,03

347.781,84

19,08

292.064,14

Working capital ratio

0,73

14,06

0,64

6,67

0,60

Soundness Ratio

63,06

59,85

39,45

51,85

25,98

Average Collection Period (days)

111

38,12

80

-4,29

84

Average Payment Period (days)

40

-17,65

49

-32,67

73

LIQUIDITY RATIOS

Current Ratio (%)

381,04

31,32

290,17

13,29

256,13

Quick Ratio (%)

189,60

19,64

158,48

16,25

136,33

DEBT RATIOS

Borrowing percentage (%)

11,96

1,53

11,78

-9,10

12,96

External Financing Average Cost

 

 

 

 

0,00

Debt Service Coverage

1,26

10,53

1,14

-28,30

1,59

Interest Coverage

 

 

 

-100,00

189.466,96

GENERAL AND ACTIVITIES RATIOS

Auto financing generated by sales (%)

6,00

14,72

5,23

1,16

5,17

Auto financing generated by Assets (%)

9,52

-7,75

10,32

26,63

8,14

Breakdown Point

1,07

0,00

1,07

0,00

1,06

Average Sales Volume per Employee

454.016,66

-20,35

569.979,69

37,89

413.365,08

Average Cost per Employee

78.885,97

22,33

64.483,90

5,52

61.108,28

Assets Turnover

1,59

-19,70

1,98

25,32

1,58

Inventory Turnover (days)

3

75,00

1

-95,24

30

RESULTS RATIOS

Return on Assets (ROA) (%)

10,85

-13,34

12,52

29,74

9,65

Operating Profitability (%)

11,32

-12,99

13,01

27,55

10,20

Return on Equity (ROE) (%)

16,29

-17,85

19,83

17,13

16,93

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

1,17

34,06

-32,89

A) CURRENT ASSETS

98,83

65,94

32,89

LIABILITIES

A) NET WORTH

74,06

43,99

30,07

B) NON CURRENT LIABILITIES

 

15,87

 

C) CURRENT LIABILITIES

25,94

40,13

-14,19

 

 

 

 

 

Results Analytical Account

Figures given in  %

 

COMPANY

(2011)

 

SECTOR

 

DIFFERENCE

 

Net Turnover

100,00

98,75

1,25

Other operating income

 

1,25

 

OPERATING INCOME

100,00

100,00

0,00

Supplies

-65,10

-64,49

-0,61

Variation in stocks of finished goods and work in progress

 

0,53

 

GROSS MARGIN

34,90

36,04

-1,14

Other operating costs

-13,76

-14,78

1,02

Labour cost

-17,38

-17,45

0,07

GROSS OPERATING RESULT

3,77

3,80

-0,03

Amortization of fixed assets

-0,30

-1,88

1,58

Deterioration and result for fixed assets disposal

 

0,03

 

Other expenses / income

 

0,31

 

NET OPERATING RESULT

6,83

2,27

4,56

Financial result

0,77

-1,07

1,84

RESULT BEFORE TAX

7,60

1,20

6,40

Taxes on profits

-1,90

-0,34

-1,56

RESULT COMING FROM CONTINUED OPERATIONS

5,70

0,86

4,84

Exercise result coming from discontinued operations net of taxes

 

0,00

 

NET RESULT

5,70

0,86

4,84

Amortization of fixed assets

-0,30

-1,88

1,58

Deterioration and provisions variation

 

0,04

 

 

6,00

2,69

3,31

 

Main Ratios

Figures given in €

 

COMPANY

(2011)

 

PTILE25

 

PTILE50

 

PTILE75

 

BALANCE RATIOS

 

 

 

 

Working Capital (€)

400.046,43

23.558,94

97.207,84

273.556,34

Working capital ratio

0,73

0,09

0,27

0,46

Soundness Ratio

63,06

0,84

1,96

4,86

Average Collection Period (days)

111

44

84

135

Average Payment Period (days)

40

70

107

171

LIQUIDITY RATIOS

 

 

 

 

Current Ratio (%)

381,04

116,14

158,40

259,26

Quick Ratio (%)

189,60

5,12

21,22

69,52

DEBT RATIOS

 

 

 

 

Borrowing percentage (%)

11,96

4,57

21,40

44,20

External Financing Average Cost

 

0,02

0,04

0,08

Debt Service Coverage

1,26

0,00

2,37

10,95

Interest Coverage

 

0,52

1,70

6,98

GENERAL AND ACTIVITIES RATIOS

 

 

 

 

Auto financing generated by sales (%)

6,00

0,54

2,28

5,47

Auto financing generated by Assets (%)

9,52

0,60

2,73

6,28

Breakdown Point

1,07

1,00

1,02

1,05

Average Sales Volume per Employee

454.016,66

86.973,35

144.574,18

228.769,23

Average Cost per Employee

78.885,97

15.107,30

23.877,43

33.230,69

Assets Turnover

1,59

0,67

1,17

1,82

Inventory Turnover (days)

3

30

99

236

RESULTS RATIOS

 

 

 

 

Return on Assets (ROA) (%)

10,85

0,12

2,48

5,70

Operating Profitability (%)

11,32

1,35

4,34

8,36

Return on Equity (ROE) (%)

16,29

-1,14

3,56

13,44

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.58.45

UK Pound

1

Rs.91.60

Euro

1

Rs.77.91

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.