MIRA
INFORM REPORT
|
Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AT LEAST, SA |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
09.06.1994 |
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Legal Form : |
Joint-stock Company |
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Line of Business : |
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No. of Employees : |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
AT LEAST, SA
CIF/NIF: A80915804
Company situation: Active
EXECUTIVE
SUMMARY
Identification
Current Business Name: AT LEAST, SA
Commercial name: HOSS INTROPIA; HOSS INTROPIA
Other names: YES
Current Address: CALLE PANTOJA, 14
Branches: 16
Telephone number: 913993112
Fax: 913991953
URL: www.hossintropia.com
Corporate e-mail: contact@hossintropia.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): 47.744.499,00 € (Mercantile Register)
Result: 1.381.603 €
Total Assets: 29.316.324 €
Share capital: 1.230.427,00 €
Employees: 141
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 09/06/1994
Activity: Wholesale of clothing (outerwear)
NACE 2009 CODE: 4642
International Operations: Imports and
Exports
Corporate Structure
President:
Participations: 2
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 24/04/2013 Website of the
company
Latest press article: 05/11/2012 CINCO
DIAS (BRANCHES)
Bank Entities: There are
TRADE RISK
Financial situation
|
Exercise:2011 |
|
||
|
Immediate
liquidity |
Acceptable |
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|
|
Indebtedness |
Slight |
|
|
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Profitability |
Sufficient |
|
|
|
Soundness |
Good |
|
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Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Excellent |
Rating Explanation
Financial situation
•
The company’s financial situation is normal.
•
The sales evolution has been stable not
the results one, which has been negative.
•
The auditor’s opinion about the latest accounts has
been favourable.
Company Structure
•
The company’s capitalization degree determines that
its structure is sound.
•
The company’s 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 |
12 |
•
There has been a change in the formula version. |
|
24/10/2012 |
Reduction |
14 |
•
New financial statements have been uploaded. |
|
23/03/2012 |
Increase |
17 |
•
New financial statements have been uploaded. |
|
28/01/2012 |
Reduction |
15 |
•
There has been a variation in the risk associated
to the activity sector of the company. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
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
20/06/2013 11:06:13
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 |
10.951.635,00 |
37,36 |
8.308.676,00 |
29,16 |
7.124.113,00 |
30,34 |
|
B) CURRENT ASSETS |
18.364.689,00 |
62,64 |
20.183.741,00 |
70,84 |
16.359.880,00 |
69,66 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
15.963.621,00 |
54,45 |
14.223.730,00 |
49,92 |
12.269.085,00 |
52,24 |
|
B) NON CURRENT LIABILITIES |
3.337.602,00 |
11,38 |
2.515.048,00 |
8,83 |
1.692.146,00 |
7,21 |
|
C) CURRENT LIABILITIES |
10.015.101,00 |
34,16 |
11.753.639,00 |
41,25 |
9.522.762,00 |
40,55 |
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 |
47.744.499,00 |
|
46.434.606,00 |
|
44.059.450,00 |
|
|
GROSS MARGIN |
26.375.056,00 |
55,24 |
26.893.837,00 |
57,92 |
24.655.837,00 |
55,96 |
|
EBITDA |
2.699.140,00 |
5,65 |
4.759.012,00 |
10,25 |
4.864.879,00 |
11,04 |
|
EBIT |
1.902.539,00 |
3,98 |
3.681.273,00 |
7,93 |
3.151.578,00 |
7,15 |
|
NET RESULT |
1.381.603,00 |
2,89 |
2.692.901,00 |
5,80 |
2.166.115,00 |
4,92 |
|
EFFECTIVE TAX RATE (%) |
24,10 |
0,00 |
27,01 |
0,00 |
28,02 |
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 |
37,36 |
56,72 |
-19,36 |
|
A) CURRENT ASSETS |
62,64 |
43,28 |
19,36 |
|
LIABILITIES |
|||
|
A) NET WORTH |
54,45 |
47,47 |
6,98 |
|
B) NON CURRENT LIABILITIES |
11,38 |
11,98 |
-0,60 |
|
C) CURRENT LIABILITIES |
34,16 |
40,55 |
-6,39 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating
income |
|
|
|
|
SALES |
99,49 |
97,55 |
1,94 |
|
GROSS MARGIN |
54,96 |
36,65 |
18,31 |
|
EBITDA |
5,62 |
16,79 |
-11,17 |
|
EBIT |
3,96 |
15,25 |
-11,29 |
|
NET RESULT |
2,88 |
14,53 |
-11,65 |
Sector Composition
Compared sector (NACE 2009): 4642
Number of companies: 22
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 |
1.381.603,00 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
1.381.603,00 |
|
Total of Amounts to be distributed |
1.381.603,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
1.381.603,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE
Auditor: KPMG AUDITORES S.L.
Auditing fees: 38.245,00 €
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.
ADDRESSES
Current Legal Seat Address:
CALLE PANTOJA, 14
28002 MADRID
Previous Seat Address:
CALLE JOSE ABASCAL 55 - 2 IZ
28003 MADRID
Characteristics of the current address
Type of establishment: store
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA DIAGONAL, 567 |
08029 |
BARCELONA |
Barcelona |
|
PASEO GRACIA, 44 |
08007 |
BARCELONA |
Barcelona |
|
POLIGONO INDUSTRIAL CAN MASSAGUER, 15 |
08430 |
LA ROCA DEL VALLES |
Barcelona |
|
PLAZA LUGO, 12 |
15004 |
A CORUÑA |
La Coruña |
|
CALLE TXURRUKA, 6 |
20004 |
DONOSTIA-SAN SEBASTIAN |
Gipuzkoa |
|
CALLE FUENCARRAL, 16 |
28004 |
MADRID |
Madrid |
|
CALLE RAIMUNDO FERNANDEZ VILLAVERDE, 71 |
28003 |
MADRID |
Madrid |
|
PLAZA CONSTITUCION (CONSTITUCION) |
29005 |
MALAGA |
Málaga |
|
CALLE SERRANO ALCAZAR, 1 |
30001 |
MURCIA |
Murcia |
|
CALLE O’DONNELL, 16 |
41001 |
SEVILLA |
Seville |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE JUAN RAMON JIMENEZ, 3 |
28232 |
LAS ROZAS DE MADRID |
Madrid |
|
CALLE TETUAN, 19 |
28013 |
MADRID |
Madrid |
|
PLAZA CONSTITUCION, 6 |
29005 |
MALAGA |
Málaga |
|
CALLE SERRANO ALCAZAR, 1 |
30001 |
MURCIA |
Murcia |
CORPORATE
STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 10 members (latest change:
19/11/2010) Other Positions : 5 (latest change: 19/02/2009) Auditor : 2 (latest change: 11/04/2012) Operative Board Members : 4 (latest change: 26/07/2011) Non-current positions : 8 (latest change: 19/02/2009) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
HERNANDEZ DURAN, CONSTANTINO |
21/10/2008 |
|
MEMBER OF THE BOARD |
MAIER ALLENDE, CARLOS |
21/10/2008 |
|
MEMBER OF THE BOARD |
VEGA WERLER, EDUARDO |
21/10/2008 |
|
MEMBER OF THE BOARD |
ABITBOL OEVERMANN, RAFAEL |
21/10/2008 |
|
MEMBER OF THE BOARD |
BERGEL SAINZ DE BARANDA, JAIME ISIDORO |
21/10/2008 |
|
MEMBER OF THE BOARD |
VALERO QUIROS, JUAN CARLOS |
21/10/2008 |
|
MEMBER OF THE BOARD |
FAGALDE MATEOS, IGNACIO JOSE |
19/11/2010 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
KPMG AUDITORES SL |
25/11/2010 |
|
CONSOLIDATED ACCOUNTS AUDITOR |
KPMG AUDITORES SL |
11/04/2012 |
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 285.423,00 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
HERNANDEZ DURAN, CONSTANTINO |
|
Financial Manager |
DE SALVADOR IRIADANA, DIEGO |
|
Human Resources Director |
BARRANCA VITEL, MANUEL |
|
Commercial Director |
BARRANCA VITEL, MANUEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
JAVERTRANS BV |
NETHERLANDS |
35,51 |
OWN SOURCES |
20/06/2013 |
|
|
COBEGA B.V. |
NETHERLANDS |
30,43 |
OWN SOURCES |
28/03/2012 |
|
|
EXPLOTACIONES AGRARIAS LAS MESAS SL |
B82183898 |
10,45 |
OWN SOURCES |
28/03/2012 |
|
|
AT LEAST, SA |
A80915804 |
1,04 |
OWN SOURCES |
28/03/2012 |
|
|
HERNANDEZ DURAN CONSTANTINO |
|
Indef. |
OWN SOURCES |
28/03/2012 |
|
|
INMOBILIARIA 2001 SA |
A03177201 |
Indef. |
OWN SOURCES |
28/03/2012 |
|
|
DOMINGUIN SALVATORE |
|
Indef. |
OWN SOURCES |
28/03/2012 |
|
|
ABITBOL OEVERMANN RAFAEL |
|
Indef. |
OWN SOURCES |
28/03/2012 |
Company with
rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
VILLAR SANTOS CRISTINA |
|
5,00 |
MERCANTILE REGISTER |
31/12/2002 |
|
|
AGRICOLA LAS MESAS SL (EXTINGUIDA) |
B16143331 |
Indef. |
OWN SOURCES |
19/10/2005 |
|
|
GUILLAMOT BERNARDO ANDRES |
|
Indef. |
MERCANTILE REGISTER |
31/12/2000 |
Company with
rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CLOTHES & DRESSED LIMITED SL |
UNITED KINGDOM |
100,00 |
OWN SOURCES |
06/09/2012 |
|
|
AT LEAST, SA |
A80915804 |
1,04 |
OWN SOURCES |
28/03/2012 |
POTENTIAL LINKS
Search Criterion: ”AT LEAST, SA”
URL: www.linkedin.com
AT LEAST S.A | LinkedIn Welcome to the company profile of
AT LEAST S.A on LinkedIn.
URL: www.facebook.com
Singer sa Banyo, Atleast sa my career | Facebook Singer sa
Banyo, Atleast sa my career. 17 likes • 0 talking about this.
URL: www.fashionfromspain.com
at least, s.a. - Moda España ver resultados. Empresas. AT
LEAST, S.A.. C/ PANTOJA 14 28002 MADRID ESPAÑA; Tel: 34 913993112. Fax: 34
913991953; contact@hossintropia.com
BUSINESS
INFORMATION
Incorporation date: 09/06/1994
Establishment date: 01/01/1994
Founder’s Name: LA TTIULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Code: 1613300
Activity: Wholesale of clothing (outerwear)
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: DISENO, FABRICACION, IMPORTACION. EXPORTACION Y
COMPRAVENTA Y DISTRIBUCION DE PRENDAS Y COMPLEMENTOS DE VESTIR, EN SU MAS
AMPLIO SENTIDO.
Latest employees figure: 141 (2013)
% of fixed employees: 100,00%
% of men: 24,63%
% of women: 75,37%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
67 |
205 |
SALES
Export Percentage: 40%
National Distribution: 60%
• 100% of its turnover corresponds to sales.
Professional and advertising services
Source: Annual financial report 2011
Professional services
expenses: 1.887.263,00 €
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
0631 |
PS DE LA CASTELLANA 193 |
MADRID |
Madrid |
|
DEUTSCHE BANK, S.A.E. |
|
|
MADRID |
|
|
BANKIA, S.A. |
|
|
MADRID |
|
|
BANKINTER, S.A. |
|
|
MADRID |
|
|
CATALUNYA BANC, S.A. |
|
|
MADRID |
|
Discount facilities: 1
Credit policy: 6
Mortgage loan: 0
Loans with no real security: 10
|
|
|
|
Entity:BANKIA, S.A. Debt type:Credit policy Expiry date: 31/01/2012 |
Granted limit:400.000,00 € Used limit:0,00 € Available limit:400.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
|
Entity:BANCO DE SABADELL, S.A. Debt type:Credit policy Expiry date: 30/06/2012 |
Granted limit:400.000,00 € Used limit:0,00 € Available limit:400.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
|
Entity:BANKINTER, S.A. Debt type:Credit policy Expiry date: 30/06/2012 |
Granted limit:400.000,00 € Used limit:0,00 € Available limit:400.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
|
Entity:CAJA DE AHORROS Y PENSIONES DE BARCELONA Debt type:Credit policy Expiry date: 30/06/2012 |
Granted limit:500.000,00 € Used limit:0,00 € Available limit:500.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
|
Entity:BANCO ESPAÑOL DE CREDITO, S.A. Debt type:Credit policy Expiry date: 31/12/2012 |
Granted limit:500.000,00 € Used limit:0,00 € Available limit:500.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
MORE THAN 5 YEARS |
|
|
Instalaciones, equipo informático y elementos de transporte. |
44.551,00 |
78.930,00 |
0,00 |
Brand name: HOSS (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 28/09/2004
Brand name: HOSS HOMELESS (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 13/05/2003
Brand name: O-SS HOMELESS (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 09/12/1998
Brand name: SOS HOMELESS (Valid)
Type: JOINT Scope: NATIONAL Date: 10/02/1998
Brand name: HOMELESS (Valid)
Type: DENOMINATIVE Scope: INTERNATIONAL
Date: 27/09/1994
LEGAL
STRUCTURE
Constitution Data
Register Date: 09/06/1994
Register town: Madrid
Announcement number: 215015
Legal form: Joint-stock Company
Share capital: 1.230.427,00 €
Paid-up capital: 1.230.427,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
Acts on activity: 0
Acts on administrators: 38 (Last: 22/11/2012, first:
01/08/1994)
Acts on capital: 6 (Last: 29/01/2004, first:
12/06/1996)
Acts on creation: 1 (Last: 01/08/1994)
Acts on filed accounts: 18 (Last: 31/12/2010, first:
22/09/1995)
Acts on identification: 3 (Last: 27/05/2010, first:
15/11/1995)
Acts on Information: 5 (Last: 24/04/2013, first:
25/03/1997)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Website of the company |
24/04/2013 |
193067 |
Madrid |
|
Modification of the Articles of Association |
24/04/2013 |
193067 |
Madrid |
|
Re-elections |
22/11/2012 |
481312 |
Madrid |
|
Re-elections |
20/04/2012 |
175533 |
Madrid |
|
Meeting notification |
24/05/2011 |
18997 |
|
|
Annual Filed Accounts (2009) consolidated |
31/12/2010 |
1190212 |
Madrid |
|
Annual Filed Accounts (2009) |
27/12/2010 |
1179648 |
Madrid |
|
Re-elections |
25/11/2010 |
436641 |
Madrid |
|
Appointments |
19/11/2010 |
427956 |
Madrid |
|
Re-elections |
15/10/2010 |
383390 |
Madrid |
Press summary by type of information (last five years)
Legal notices: 1 (Last: 29/04/2010)
Structural Data: 4 (Last: 05/11/2012, first: 02/12/2009)
Informative data: 1 (Last: 22/02/2012)
Financial Information: 2 (Last: 18/10/2010, first: 07/01/2010)
Negative information: 0
Business lines: 1 (Last: 16/02/2011)
Historical press releases: 4 (Last: 12/11/2006, first:
11/09/1995)
Latest press article published
05/11/2012 CINCO DIAS (Page 13) BRANCHES
HOSS INTROPIA has
begun a broad campaign of expansion across the Atlantic. In October reported
that U.S. will be present at the stores hand Bloomigdales, and Mexico would
happened next. The firm prepares launch in the Aztec country and to his landing
has reached an agreement with the department stores Iron Palace Department
Store, where the brand will be launched from 2013. In February open 10 outlets
in shopping single brand that has Iron Palace in Mexico City, Cancun,
Monterrey, Guadalajara and Puebla. For the summer of 2014 plans to open a
flagship store in the mall Antara. The Cia. bill provides $ 57.4 million in
2012
21/10/2012 LA VANGUARDIA (Page 12) BRANCHES
HOSS INTROPIA, who opened his shop
in the Passeig
de Gràcia in
Barcelona in
2009, he moved to a new location on the main shopping street in Barcelona. The firm is involved in the process of expansion in the
U.S. with
new openings in Bloomingdale's in Los Angeles, San Diego and Florida. The brand is present in Miami since 2011 and in SoHo New Yok and Washington since March 2012. In October open new outlets in the complex South Coast Plaza (Los
Angeles) and Fashion Valley (San Diego), which follow
the Aventura
Mall in Florida. HOSS is
present in 48
countries, including Qatar, Kuwait,
Saudi Arabia, Indonesia and South
Korea
10/10/2012 EXPANSIÓN (Page 11) BRANCHES
The HOSS INTROPIA Spanish textile
firm in
the U.S. open new
stores in Bloomingdales department
store chain. The
group is present in the country since November 2001 with 50 square meter space in several stores Bloomingdales
22/02/2012 EXPANSIÓN (Page 12) GENERAL
INFORMATION
With a presence in 45
countries, HOSS ENTROPIA has
established itself as a firm reference textiles, which has 22 stores and is present in more than 1,644 multi-brand outlets.
He is currently preparing his
latest challenge: launching online
sales through
its own
website, an
initiative that will be launched next 27/02/12 and will serve Spain,
Portugal, Great Britain and Italy. HOSS, which
last year grew
by 5%, hopes
to make this
year by
12%. The
latest figures point to a group turnover of nearly 52 million,
of which nearly 50% comes
from outside. HOSS open hand stores Bloomingdales in Miami, New York and Washington
16/02/2011 EXPANSIÓN (Page 6) PRODUCTS AND
ACTIVITIES
HOSS INTROPIA produce
and market a
collection of fashion and accessories under the name HOSS INTROPIA Miguel Palacio,
which goes on sale this fall, after
reaching an
agreement with the designer Miguel Palacio. HOSS operates in 48 countries.
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 24/10/2012.
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 |
10.951.635,00 |
37,36 |
8.308.676,00 |
29,16 |
7.124.113,00 |
30,34 |
|
I. Intangible assets |
737.629,00 |
2,52 |
813.680,00 |
2,86 |
755.381,00 |
3,22 |
|
3. Patents, licences , trademarks and
similars |
|
|
20.095,00 |
0,07 |
42.015,00 |
0,18 |
|
5. Software |
190.139,00 |
0,65 |
140.216,00 |
0,49 |
198.221,00 |
0,84 |
|
7. Other intangible assets |
547.490,00 |
1,87 |
653.369,00 |
2,29 |
515.145,00 |
2,19 |
|
II. Tangible fixed assets |
4.668.464,00 |
15,92 |
2.981.551,00 |
10,46 |
2.244.918,00 |
9,56 |
|
2. Technical fittings and other tangible
assets |
4.359.907,00 |
14,87 |
2.681.256,00 |
9,41 |
2.244.918,00 |
9,56 |
|
3. Fixed assets in progress and advances |
308.557,00 |
1,05 |
300.295,00 |
1,05 |
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
4.634.674,00 |
15,81 |
3.683.605,00 |
12,93 |
3.282.491,00 |
13,98 |
|
1. Net worth instruments |
4.634.674,00 |
15,81 |
3.683.605,00 |
12,93 |
3.282.491,00 |
13,98 |
|
V. Long Term Financial Investments |
639.934,00 |
2,18 |
427.229,00 |
1,50 |
474.650,00 |
2,02 |
|
5. Other financial assets |
639.934,00 |
2,18 |
427.229,00 |
1,50 |
474.650,00 |
2,02 |
|
VI. Assets by deferred taxes |
270.934,00 |
0,92 |
402.611,00 |
1,41 |
366.673,00 |
1,56 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
18.364.689,00 |
62,64 |
20.183.741,00 |
70,84 |
16.359.880,00 |
69,66 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
8.811.100,00 |
30,06 |
9.544.454,00 |
33,50 |
9.188.760,00 |
39,13 |
|
1. Goods available for sale |
8.654.933,00 |
29,52 |
9.193.987,00 |
32,27 |
8.975.180,00 |
38,22 |
|
2. Raw material inventory |
153.868,00 |
0,52 |
282.610,00 |
0,99 |
211.538,00 |
0,90 |
|
6. Pre-payments to suppliers |
2.299,00 |
0,01 |
67.857,00 |
0,24 |
2.042,00 |
0,01 |
|
III. Trade Debtors and other receivable
accounts |
7.424.507,00 |
25,33 |
6.541.822,00 |
22,96 |
4.410.552,00 |
18,78 |
|
1. Clients |
6.124.037,00 |
20,89 |
5.664.575,00 |
19,88 |
4.352.492,00 |
18,53 |
|
b) Clients for sales and
short term services rendering |
6.124.037,00 |
20,89 |
5.664.575,00 |
19,88 |
4.352.492,00 |
18,53 |
|
2. Clients group and associated companies |
253.812,00 |
0,87 |
450.422,00 |
1,58 |
16.629,00 |
0,07 |
|
3. Other debts |
38.603,00 |
0,13 |
196.783,00 |
0,69 |
1.670,00 |
0,01 |
|
4. Staff |
45.663,00 |
0,16 |
22.662,00 |
0,08 |
16.909,00 |
0,07 |
|
6. Other credits with the Public
Administrations |
962.392,00 |
3,28 |
207.380,00 |
0,73 |
22.852,00 |
0,10 |
|
IV. Short term investments in associated and
affiliated companies |
430.759,00 |
1,47 |
|
|
|
|
|
5. Other financial assets |
430.759,00 |
1,47 |
|
|
|
|
|
V. Short term financial investments |
1.117.145,00 |
3,81 |
101.221,00 |
0,36 |
54.061,00 |
0,23 |
|
2. Credits to companies |
40.000,00 |
0,14 |
40.000,00 |
0,14 |
25.000,00 |
0,11 |
|
4. By-products |
1.028.613,00 |
3,51 |
|
|
|
|
|
5. Other financial assets |
48.532,00 |
0,17 |
61.221,00 |
0,21 |
29.061,00 |
0,12 |
|
VI. Short term periodifications |
267.745,00 |
0,91 |
356.766,00 |
1,25 |
293.584,00 |
1,25 |
|
VII. Cash and equivalents |
313.433,00 |
1,07 |
3.639.478,00 |
12,77 |
2.412.923,00 |
10,27 |
|
1. Treasury |
313.433,00 |
1,07 |
3.639.478,00 |
12,77 |
2.412.923,00 |
10,27 |
|
TOTAL ASSETS (A + B) |
29.316.324,00 |
100,00 |
28.492.417,00 |
100,00 |
23.483.993,00 |
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 |
15.963.621,00 |
54,45 |
14.223.730,00 |
49,92 |
12.269.085,00 |
52,24 |
|
A-1) Equity |
15.243.592,00 |
52,00 |
14.361.989,00 |
50,41 |
12.269.085,00 |
52,24 |
|
I. Capital |
1.230.427,00 |
4,20 |
1.230.427,00 |
4,32 |
1.230.427,00 |
5,24 |
|
1. Authorized capital |
1.230.427,00 |
4,20 |
1.230.427,00 |
4,32 |
1.230.427,00 |
5,24 |
|
II. Issue premium |
2.836.769,00 |
9,68 |
2.836.769,00 |
9,96 |
2.836.769,00 |
12,08 |
|
III. Reserves |
10.014.672,00 |
34,16 |
7.821.771,00 |
27,45 |
6.255.653,00 |
26,64 |
|
1. Legal and statutory |
10.014.672,00 |
34,16 |
7.821.771,00 |
27,45 |
299.417,00 |
1,27 |
|
2. Other funds |
|
|
|
|
5.956.236,00 |
25,36 |
|
IV. (Net worth own shares and
participations) |
-219.879,00 |
-0,75 |
-219.879,00 |
-0,77 |
-219.879,00 |
-0,94 |
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
1.381.603,00 |
4,71 |
2.692.901,00 |
9,45 |
2.166.115,00 |
9,22 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
720.029,00 |
2,46 |
-138.259,00 |
-0,49 |
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
720.029,00 |
2,46 |
-138.259,00 |
-0,49 |
|
|
|
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 |
3.337.602,00 |
11,38 |
2.515.048,00 |
8,83 |
1.692.146,00 |
7,21 |
|
I. Long term provisions |
274.434,00 |
0,94 |
49.640,00 |
0,17 |
|
|
|
4. Other provisions |
274.434,00 |
0,94 |
49.640,00 |
0,17 |
|
|
|
II. Long term debts |
1.801.103,00 |
6,14 |
1.635.292,00 |
5,74 |
1.007.315,00 |
4,29 |
|
2. Debts with bank entities |
1.730.631,00 |
5,90 |
1.499.626,00 |
5,26 |
866.930,00 |
3,69 |
|
3. Financial leasing creditors |
70.472,00 |
0,24 |
134.366,00 |
0,47 |
132.293,00 |
0,56 |
|
4. By-products |
|
|
1.300,00 |
0,00 |
8.092,00 |
0,03 |
|
III. Long term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
1.262.065,00 |
4,30 |
830.116,00 |
2,91 |
684.831,00 |
2,92 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
10.015.101,00 |
34,16 |
11.753.639,00 |
41,25 |
9.522.762,00 |
40,55 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
173.174,00 |
0,59 |
230.000,00 |
0,81 |
200.000,00 |
0,85 |
|
III. Short term debts |
2.625.869,00 |
8,96 |
1.329.186,00 |
4,67 |
758.990,00 |
3,23 |
|
2. Debts with bank entities |
2.586.589,00 |
8,82 |
1.095.966,00 |
3,85 |
607.554,00 |
2,59 |
|
3. Financial leasing creditors |
39.280,00 |
0,13 |
94.961,00 |
0,33 |
151.436,00 |
0,64 |
|
4. By-products |
|
|
138.259,00 |
0,49 |
|
|
|
IV. Short term debts with associated and
affiliated companies |
940,00 |
0,00 |
|
|
|
|
|
V. Trade creditors and other payable
accounts |
7.215.118,00 |
24,61 |
10.194.453,00 |
35,78 |
8.563.772,00 |
36,47 |
|
1. Suppliers |
4.151.114,00 |
14,16 |
5.024.380,00 |
17,63 |
5.201.535,00 |
22,15 |
|
b) Short term suppliers |
4.151.114,00 |
14,16 |
5.024.380,00 |
17,63 |
5.201.535,00 |
22,15 |
|
3. Different creditors |
1.715.210,00 |
5,85 |
3.025.900,00 |
10,62 |
1.319.565,00 |
5,62 |
|
4. Staff (pending remunerations) |
608.292,00 |
2,07 |
848.314,00 |
2,98 |
699.764,00 |
2,98 |
|
5. Liabilities by current taxes |
|
|
449.684,00 |
1,58 |
567.956,00 |
2,42 |
|
6. Other debts with Public Administrations |
433.945,00 |
1,48 |
378.582,00 |
1,33 |
403.876,00 |
1,72 |
|
7. Clients pre-payments |
306.557,00 |
1,05 |
467.593,00 |
1,64 |
371.076,00 |
1,58 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
29.316.324,00 |
100,00 |
28.492.417,00 |
100,00 |
23.483.993,00 |
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 |
47.744.499,00 |
99,49 |
46.434.606,00 |
99,63 |
44.059.450,00 |
99,77 |
|
A) Sales |
47.744.499,00 |
99,49 |
46.434.606,00 |
99,63 |
44.059.450,00 |
99,77 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-21.613.186,00 |
-45,04 |
-19.711.569,00 |
-42,29 |
-19.504.582,00 |
-44,17 |
|
a) Material consumed |
-21.361.510,00 |
-44,51 |
-19.373.768,00 |
-41,57 |
-18.722.320,00 |
-42,40 |
|
b) Raw materials consumed |
-304.345,00 |
-0,63 |
-250.596,00 |
-0,54 |
-335.770,00 |
-0,76 |
|
d) Deterioration on merchandises, raw
materials and other supplies |
52.669,00 |
0,11 |
-87.205,00 |
-0,19 |
-446.492,00 |
-1,01 |
|
5. Other operating income |
243.743,00 |
0,51 |
170.800,00 |
0,37 |
100.969,00 |
0,23 |
|
a) Other incomes |
222.282,00 |
0,46 |
132.127,00 |
0,28 |
69.900,00 |
0,16 |
|
b) Operating grants included in the
exercise result |
21.461,00 |
0,04 |
38.673,00 |
0,08 |
31.069,00 |
0,07 |
|
6. Labour cost |
-9.253.420,00 |
-19,28 |
-8.977.970,00 |
-19,26 |
-8.716.428,00 |
-19,74 |
|
a) Wages and similar expenses |
-7.412.290,00 |
-15,45 |
-7.284.065,00 |
-15,63 |
-7.034.521,00 |
-15,93 |
|
b) Social costs |
-1.841.130,00 |
-3,84 |
-1.693.905,00 |
-3,63 |
-1.681.907,00 |
-3,81 |
|
7. Other operating costs |
-14.336.746,00 |
-29,88 |
-13.424.809,00 |
-28,81 |
-11.681.533,00 |
-26,45 |
|
a) External services |
-14.288.319,00 |
-29,77 |
-13.155.416,00 |
-28,23 |
-11.408.044,00 |
-25,83 |
|
b) Taxes |
-113.804,00 |
-0,24 |
-123.375,00 |
-0,26 |
-106.396,00 |
-0,24 |
|
c) Losses, deterioration and variation on
business operations provisions |
96.275,00 |
0,20 |
-131.301,00 |
-0,28 |
-132.932,00 |
-0,30 |
|
d) Other day to day expenses |
-30.898,00 |
-0,06 |
-14.717,00 |
-0,03 |
-34.161,00 |
-0,08 |
|
8. Amortization of fixed assets |
-945.545,00 |
-1,97 |
-769.896,00 |
-1,65 |
-913.877,00 |
-2,07 |
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed
assets disposal |
19.103,00 |
0,04 |
-134.631,00 |
-0,29 |
-192.421,00 |
-0,44 |
|
a) Deteriorations and losses |
|
|
-89.337,00 |
-0,19 |
-220.000,00 |
-0,50 |
|
b) Results for disposals and others |
19.103,00 |
0,04 |
-45.294,00 |
-0,10 |
27.579,00 |
0,06 |
|
12. Negative difference of business
combinations |
|
|
|
|
|
|
|
13. Other results |
44.091,00 |
0,09 |
94.742,00 |
0,20 |
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 +
6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
1.902.539,00 |
3,96 |
3.681.273,00 |
7,90 |
3.151.578,00 |
7,14 |
|
14. Financial income |
58.906,00 |
0,12 |
82.073,00 |
0,18 |
93.475,00 |
0,21 |
|
a) From net worth instruments
participations |
58.906,00 |
0,12 |
|
|
|
|
|
a 2) On third parties |
58.906,00 |
0,12 |
|
|
|
|
|
b) From negotiable values and other
financial instruments |
|
|
82.073,00 |
0,18 |
93.475,00 |
0,21 |
|
b 1) From group and
associated companies |
|
|
|
|
21.785,00 |
0,05 |
|
b 2) From third parties |
|
|
82.073,00 |
0,18 |
71.690,00 |
0,16 |
|
15. Financial expenses |
-150.259,00 |
-0,31 |
-86.295,00 |
-0,19 |
-257.345,00 |
-0,58 |
|
b) For debts with third parties |
-150.259,00 |
-0,31 |
-86.295,00 |
-0,19 |
-257.345,00 |
-0,58 |
|
16. Reasonable value variation on
financial instruments |
1.300,00 |
0,00 |
6.792,00 |
0,01 |
22.996,00 |
0,05 |
|
a) Negotiation portfolio and others |
1.300,00 |
0,00 |
6.792,00 |
0,01 |
22.996,00 |
0,05 |
|
17. Exchange differences |
7.888,00 |
0,02 |
5.791,00 |
0,01 |
-1.405,00 |
0,00 |
|
18. Deterioration and result for disposal
of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 +
18 + 19) |
-82.165,00 |
-0,17 |
8.361,00 |
0,02 |
-142.279,00 |
-0,32 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
1.820.374,00 |
3,79 |
3.689.634,00 |
7,92 |
3.009.299,00 |
6,81 |
|
20. Taxes on profits |
-438.771,00 |
-0,91 |
-996.733,00 |
-2,14 |
-843.184,00 |
-1,91 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED
OPERATIONS (A.3 + 20) |
1.381.603,00 |
2,88 |
2.692.901,00 |
5,78 |
2.166.115,00 |
4,91 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming
from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
1.381.603,00 |
2,88 |
2.692.901,00 |
5,78 |
2.166.115,00 |
4,91 |
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 |
1.381.603,00 |
2.692.901,00 |
2.166.115,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO
NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
-138.259,00 |
|
|
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 |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED
DIRECTLY TO NET WORTH (I + II + III + IV +V+VI+VII) |
|
-138.259,00 |
|
|
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) |
1.381.603,00 |
2.554.642,00 |
2.166.115,00 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
(NET WORTH OWN SHARES AND PARTICIPATIONS) |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
1.230.427,00 |
2.836.769,00 |
4.596.686,00 |
-219.879,00 |
|
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) |
1.230.427,00 |
2.836.769,00 |
4.596.686,00 |
-219.879,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
4. (-) Dividends distribution |
|
|
|
|
|
III. Other net worth variations |
|
|
1.658.967,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.230.427,00 |
2.836.769,00 |
6.255.656,00 |
-219.879,00 |
|
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) |
1.230.427,00 |
2.836.769,00 |
6.255.656,00 |
-219.879,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
-300.000,00 |
|
|
4. (-) Dividends distribution |
|
|
-300.000,00 |
|
|
III. Other net worth variations |
|
|
1.866.115,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.230.427,00 |
2.836.769,00 |
7.821.771,00 |
-219.879,00 |
|
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) |
1.230.427,00 |
2.836.769,00 |
7.821.771,00 |
-219.879,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
2.192.901,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
1.230.427,00 |
2.836.769,00 |
10.014.672,00 |
-219.879,00 |
|
NET WORTH CHANGES ( 3 /3) |
EXERCISE RESULT |
VALUE CHANGES ADJUSTMENT |
TOTAL |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
2.158.967,00 |
|
10.602.970,00 |
|
|
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) |
2.158.967,00 |
|
10.602.970,00 |
|
|
I. Total recognized income and expenses |
2.166.115,00 |
|
2.166.115,00 |
|
|
II. Operations with partners or owners |
-500.000,00 |
|
-500.000,00 |
|
|
4. (-) Dividends distribution |
-500.000,00 |
|
-500.000,00 |
|
|
III. Other net worth variations |
-1.658.967,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
2.166.115,00 |
|
12.269.088,00 |
|
|
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) |
2.166.115,00 |
|
12.269.088,00 |
|
|
I. Total recognized income and expenses |
2.692.901,00 |
-138.259,00 |
2.554.642,00 |
|
|
II. Operations with partners or owners |
-300.000,00 |
|
-600.000,00 |
|
|
4. (-) Dividends distribution |
-300.000,00 |
|
-600.000,00 |
|
|
III. Other net worth variations |
-1.866.115,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
2.692.901,00 |
-138.259,00 |
14.223.730,00 |
|
|
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) |
2.692.901,00 |
-138.259,00 |
14.223.730,00 |
|
|
I. Total recognized income and expenses |
1.381.603,00 |
|
1.381.603,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-2.692.901,00 |
858.288,00 |
358.288,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
1.381.603,00 |
720.029,00 |
15.963.621,00 |
|
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 |
1.820.374,00 |
3.689.634,00 |
3.009.299,00 |
|
2. Results adjustments |
1.031.759,00 |
1.164.311,00 |
1.855.580,00 |
|
a) Amortization of fixed assets (+) |
945.545,00 |
769.896,00 |
913.877,00 |
|
b) Value correction for deterioration
(+/-) |
-202.942,00 |
277.842,00 |
700.222,00 |
|
c) Change of Provisions (+/-) |
224.794,00 |
79.640,00 |
99.202,00 |
|
e) Results for decline and disposal of
fixed assets (+/-) |
-19.103,00 |
45.294,00 |
|
|
g) Financial income (-) |
-58.906,00 |
-82.073,00 |
-93.475,00 |
|
f) Financial expenses (+) |
150.259,00 |
86.295,00 |
257.345,00 |
|
i) Change difference (+/-) |
-7.888,00 |
-5.791,00 |
1.405,00 |
|
j) Reasonable value variation on financial
instruments (+/-) |
|
-6.792,00 |
-22.996,00 |
|
3. Changes in current capital |
-2.411.834,00 |
-983.643,00 |
2.483.335,00 |
|
a) Stocks (+/-) |
786.023,00 |
-442.899,00 |
-1.771.069,00 |
|
b) Debtors and other receivable accounts
(+/-) |
-554.383,00 |
-2.232.570,00 |
2.605.703,00 |
|
c) Other current assets (+/-) |
101.710,00 |
-110.342,00 |
352.012,00 |
|
d) Creditors and other payable accounts
(+/-) |
-2.529.652,00 |
1.754.747,00 |
1.325.548,00 |
|
e) Other current liabilities (+/-) |
-2.826,00 |
|
-28.859,00 |
|
f) Other non-current assets and
liabilities (+/-) |
-212.706,00 |
47.421,00 |
|
|
4. Other cash flow coming from operating
activities |
-956.793,00 |
-1.009.880,00 |
-887.318,00 |
|
a) Interests payments (-) |
-150.259,00 |
-86.295,00 |
-257.345,00 |
|
c) Interests collections (+) |
58.906,00 |
82.073,00 |
93.475,00 |
|
d) Collections (payments) for profit tax
(+/-) |
-865.440,00 |
-1.005.658,00 |
-723.448,00 |
|
5. Cash flow coming from operating
activities (1 + 2 + 3 + 4) |
-516.494,00 |
2.860.422,00 |
6.460.896,00 |
|
B) CASH FLOW COMING FROM INVESTING
ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-3.423.314,00 |
-2.178.267,00 |
-2.148.024,00 |
|
a) Group and associated companies |
-430.759,00 |
-401.114,00 |
|
|
b) Intangible assets |
-117.501,00 |
-252.425,00 |
-22.306,00 |
|
c) Tangible assets |
-2.875.054,00 |
-1.524.728,00 |
-124.558,00 |
|
d) Real state investments |
|
|
-2.001.160,00 |
|
7. Disinvestment collections (+) |
455.251,00 |
77.694,00 |
|
|
b) Intangible assets |
|
77.694,00 |
|
|
c) Tangible assets |
455.251,00 |
|
|
|
8. Cash Flow in investment activities (6 +
7) |
-2.968.063,00 |
-2.100.573,00 |
-2.148.024,00 |
|
C) CASH FLOW COMING FROM FINANCING
ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and
payments |
-951.069,00 |
|
|
|
c) Own net worth instruments acquisition
(-) |
-951.069,00 |
|
|
|
10. Financial liabilities instruments
collections and payments |
1.601.693,00 |
1.066.706,00 |
-2.372.050,00 |
|
a) Issue |
1.601.693,00 |
1.066.706,00 |
|
|
2. Debts with bank
entities (+) |
1.600.753,00 |
1.066.706,00 |
|
|
3. Debts with group and
associated companies (+) |
940,00 |
|
|
|
b) Return and amortization of |
|
|
-2.372.050,00 |
|
2. Debts with bank
entities (-) |
|
|
-2.372.050,00 |
|
11. Payments for dividends and
remunerations of other net worth instruments |
-500.000,00 |
-600.000,00 |
-500.000,00 |
|
a) Dividends (-) |
-500.000,00 |
-600.000,00 |
-500.000,00 |
|
12. Cash Flow in financing activities (9 +
10 + 11) |
150.624,00 |
466.706,00 |
-2.872.050,00 |
|
D) Exchange rate variations effect |
7.888,00 |
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE /
REDUCTION (5 + 8 + 12 + D) |
-3.326.045,00 |
1.226.555,00 |
1.440.822,00 |
|
Cash or equivalents at the beginning of
the exercise |
3.639.478,00 |
2.412.923,00 |
972.101,00 |
|
Cash or equivalents at the end of the
exercise |
313.433,00 |
3.639.478,00 |
2.412.923,00 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
8.349.588,00 |
-0,96 |
8.430.102,00 |
23,30 |
6.837.118,00 |
|
Working capital ratio |
0,28 |
-6,67 |
0,30 |
3,45 |
0,29 |
|
Soundness Ratio |
1,39 |
-19,65 |
1,73 |
0,58 |
1,72 |
|
Average Collection Period (days) |
56 |
10,64 |
51 |
41,00 |
36 |
|
Average Payment Period (days) |
72 |
-34,74 |
111 |
12,00 |
99 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
183,37 |
6,78 |
171,72 |
-0,05 |
171,80 |
|
Quick Ratio (%) |
14,28 |
-55,14 |
31,83 |
22,85 |
25,91 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
15,10 |
45,19 |
10,40 |
38,30 |
7,52 |
|
External Financing Average Cost |
0,03 |
0,00 |
0,03 |
-80,00 |
0,15 |
|
Debt Service Coverage |
-8,57 |
-924,04 |
1,04 |
285,19 |
0,27 |
|
Interest Coverage |
12,66 |
-70,32 |
42,66 |
248,24 |
12,25 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-1,08 |
-117,53 |
6,16 |
-57,98 |
14,66 |
|
Auto financing generated by Assets (%) |
-1,76 |
-117,53 |
10,04 |
-63,50 |
27,51 |
|
Breakdown Point |
1,04 |
-4,59 |
1,09 |
0,93 |
1,08 |
|
Average Sales Volume per Employee |
183.632,69 |
-14,97 |
215.974,91 |
5,39 |
204.927,67 |
|
Average Cost per Employee |
35.590,08 |
-14,77 |
41.758,00 |
3,00 |
40.541,53 |
|
Assets Turnover |
1,63 |
0,00 |
1,63 |
-13,30 |
1,88 |
|
Inventory Turnover (days) |
147 |
-15,70 |
174 |
2,76 |
170 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
6,49 |
-49,77 |
12,92 |
-3,73 |
13,42 |
|
Operating Profitability (%) |
9,78 |
-35,45 |
15,15 |
-8,13 |
16,49 |
|
Return on Equity (ROE) (%) |
11,94 |
-53,52 |
25,69 |
4,73 |
24,53 |
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 |
37,36 |
56,72 |
-19,36 |
|
A) CURRENT ASSETS |
62,64 |
43,28 |
19,36 |
|
LIABILITIES |
|||
|
A) NET WORTH |
54,45 |
47,47 |
6,98 |
|
B) NON CURRENT LIABILITIES |
11,38 |
11,98 |
-0,60 |
|
C) CURRENT LIABILITIES |
34,16 |
40,55 |
-6,39 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,49 |
97,55 |
1,94 |
|
Other operating income |
0,51 |
2,45 |
-1,94 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-45,04 |
-63,30 |
18,26 |
|
Variation in stocks of finished goods and
work in progress |
|
-0,04 |
|
|
GROSS MARGIN |
54,96 |
36,65 |
18,31 |
|
Other operating costs |
-29,88 |
-14,45 |
-15,43 |
|
Labour cost |
-19,28 |
-5,57 |
-13,71 |
|
GROSS OPERATING RESULT |
5,80 |
16,63 |
-10,83 |
|
Amortization of fixed assets |
-1,97 |
-1,38 |
-0,59 |
|
Deterioration and result for fixed assets
disposal |
0,04 |
-0,04 |
0,08 |
|
Other expenses / income |
|
0,04 |
|
|
NET OPERATING RESULT |
3,96 |
15,25 |
-11,29 |
|
Financial result |
-0,17 |
1,34 |
-1,51 |
|
RESULT BEFORE TAX |
3,79 |
16,59 |
-12,80 |
|
Taxes on profits |
-0,91 |
-2,06 |
1,15 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
2,88 |
14,53 |
-11,65 |
|
Exercise result coming from discontinued
operations net of taxes |
|
0,00 |
|
|
NET RESULT |
2,88 |
14,53 |
-11,65 |
|
Amortization of fixed assets |
-1,97 |
-1,38 |
-0,59 |
|
Deterioration and provisions variation |
0,31 |
-0,17 |
0,48 |
|
|
4,54 |
16,08 |
-11,54 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
8.349.588,00 |
-121.048,00 |
11.773.159,57 |
27.187.442,75 |
|
Working capital ratio |
0,28 |
0,01 |
0,20 |
0,33 |
|
Soundness Ratio |
1,39 |
0,85 |
1,50 |
3,03 |
|
Average Collection Period (days) |
56 |
34 |
62 |
100 |
|
Average Payment Period (days) |
72 |
59 |
111 |
175 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
183,37 |
100,81 |
145,27 |
189,22 |
|
Quick Ratio (%) |
14,28 |
2,48 |
7,34 |
50,68 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
15,10 |
6,15 |
20,90 |
30,01 |
|
External Financing Average Cost |
0,03 |
0,01 |
0,02 |
0,06 |
|
Debt Service Coverage |
-8,57 |
0,07 |
1,72 |
5,11 |
|
Interest Coverage |
12,66 |
0,58 |
11,32 |
150,51 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-1,08 |
0,84 |
4,29 |
10,60 |
|
Auto financing generated by Assets (%) |
-1,76 |
0,98 |
7,94 |
15,34 |
|
Breakdown Point |
1,04 |
1,00 |
1,04 |
1,14 |
|
Average Sales Volume per Employee |
183.632,69 |
174.929,94 |
412.261,85 |
757.963,74 |
|
Average Cost per Employee |
35.590,08 |
17.807,07 |
29.493,26 |
36.605,13 |
|
Assets Turnover |
1,63 |
1,04 |
1,48 |
2,00 |
|
Inventory Turnover (days) |
147 |
39 |
66 |
130 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
6,49 |
-0,07 |
7,42 |
15,82 |
|
Operating Profitability (%) |
9,78 |
1,19 |
9,63 |
17,51 |
|
Return on Equity (ROE) (%) |
11,94 |
1,36 |
15,41 |
42,25 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.22 |
|
Euro |
1 |
Rs.79.18 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.