MIRA INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMADEO NOVELL SL |
|
|
|
|
Registered Office : |
Carretera Vallderiolf, Km 0,400 08430 La Roca Del Valles Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
22.10.2007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
6 |
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
AMADEO NOVELL SL
CIF/NIF: B64691975
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: AMADEO NOVELL SL
Other names: NO
Current Address: CARRETERA VALLDERIOLF, KM
0,400
08430 LA ROCA DEL VALLES BARCELONA
Branches: 1
Telephone number: 938606556 Fax: 938606557
URL: www.amadeonovell.com
Corporate e-mail: amadeo@amadeonovell.com
Trade Risk
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Latest sales known (2012): 1.000.000,00
(Estimated)
Balance sheet latest sales (2011): 828.971,29 (Mercantile Register)
Result: 2.684,49
Total Assets: 709.938,01
Share capital: 350.870,00
Employees: 6
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 22/10/2007
Activity: Wholesale of consumers goods nec
NACE 2009 CODE: 4690
International Operations: Imports
Corporate Structure
Sole Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 08/11/2011 Annual Filed Accounts
Latest press article: No press articles registered.
Bank Entities: There are
TRADE RISK
Financial situation
|
Exercise:2011 |
|
||
|
Immediate
liquidity |
Degraded |
|
|
|
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 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 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 |
Reduction |
11 |
There has been a change in the formula version. |
|
02/10/2012 |
Equal |
14 |
New financial statements have been uploaded. |
|
25/10/2011 |
Reduction |
14 |
New financial statements have been uploaded. |
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
21/06/2013 14:06:50
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 |
970,00 |
0,14 |
4.970,00 |
0,65 |
4.970,00 |
0,71 |
|
B) CURRENT ASSETS |
708.968,01 |
99,86 |
755.765,57 |
99,35 |
696.520,57 |
99,29 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
494.393,35 |
69,64 |
491.708,86 |
64,64 |
488.896,83 |
69,69 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
215.544,66 |
30,36 |
269.026,71 |
35,36 |
212.593,74 |
30,31 |
Profit and loss account analysis
Figures given in
|
|
2012 ESTIMATED |
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
1.000.000,00 |
828.971,29 |
|
956.414,34 |
|
|
GROSS MARGIN |
|
368.246,74 |
44,42 |
375.181,62 |
39,23 |
|
EBITDA |
|
15.568,98 |
1,88 |
8.678,97 |
0,91 |
|
EBIT |
|
11.568,98 |
1,40 |
8.678,97 |
0,91 |
|
NET RESULT |
|
2.684,49 |
0,32 |
2.812,03 |
0,29 |
|
EFFECTIVE TAX RATE (%) |
|
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 |
0,14 |
34,06 |
-33,92 |
|
A) CURRENT ASSETS |
99,86 |
65,94 |
33,92 |
|
LIABILITIES |
|||
|
A) NET WORTH |
69,64 |
43,99 |
25,65 |
|
B) NON CURRENT LIABILITIES |
|
15,87 |
|
|
C) CURRENT LIABILITIES |
30,36 |
40,13 |
-9,77 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
100,00 |
98,75 |
1,25 |
|
GROSS MARGIN |
44,42 |
36,04 |
8,38 |
|
EBITDA |
1,88 |
4,10 |
-2,22 |
|
EBIT |
1,40 |
2,27 |
-0,87 |
|
NET RESULT |
0,32 |
0,86 |
-0,54 |
Sector Composition
Compared sector (NACE 2009): 469
Number of companies: 2759
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 |
2.684,49 |
Legal Reserve |
2.684,49 |
|
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 |
2.684,49 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
2.684,49 |
ADDRESSES
Current Legal Seat Address:
CARRETERA VALLDERIOLF, KM 0,400
08430 LA
ROCA DEL VALLES BARCELONA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
PLAZA VALLDERIOLF, 5 |
08430 |
LA ROCA DEL VALLES |
Barcelona |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
15/04/2008)
Other Positions : 4 (latest change: 15/04/2008)
Operative Board Members : 1 (latest change: 26/06/2013)
Non-current positions : 2 (latest change: 15/04/2008)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
PASTOR SALINAS, ROSA MARIA |
15/04/2008 |
|
|
|
|
|
POSITION |
NAME AND SURNAME |
|
Manager |
PASTOR SALINAS, ROSA MARIA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
NOVELL PASTOR MARTA |
|
Indef. |
OWN SOURCES |
26/06/2013 |
|
|
NOVELL LARREGOLA AMADEO |
|
Indef. |
OWN SOURCES |
26/06/2013 |
|
|
NOVELL PASTOR AMADEO |
|
Indef. |
OWN SOURCES |
26/06/2013 |
|
|
NOVELL PASTOR MONICA |
|
Indef. |
OWN SOURCES |
26/06/2013 |
|
|
PASTOR SALINAS ROSA MARIA |
|
Indef. |
OWN SOURCES |
26/06/2013 |
BUSINESS INFORMATION
Incorporation date: 22/10/2007
Establishment date: 01/01/1985
Founders Name: AMADEO NOVELL LARREGOLA
Code: 1615900
Activity: Wholesale of consumers goods nec
NACE 2009 CODE: 4690
NACE 2009 Activity: Non-specialised wholesale trade
Business: EL COMERCIO AL POR MAYOR Y AL DETALLE DE ARTICULOS
DE DECORACION.
Activity description: Comercio al mayor de muebles y articulos de
decoracion
Latest employees figure: 6 (2013)
% of fixed employees: 100,00%
% of men: 100,00%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
6 |
|
PURCHASES
Import Percentage: 15%
Imports from: CEE
National Distribution: 85%
SALES
National Distribution: 100%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAIXABANK, S.A. |
0316 |
C. CATALUNYA, 31 |
LA ROCA DEL VALLES |
Barcelona |
LEGAL STRUCTURE
Constitution Data
Register Date: 22/10/2007
Register town: Barcelona
Announcement number: 602452
Register data:
Volume 40015, Folio 109, Section 8, Sheet 356837,
Inscription I/A 1 (2007-11-15)
Share capital: 3.060
Legal form: Limited Liability Company
Share capital: 350.870,00
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 5 (Last: 15/04/2008, first:
04/12/2007)
Acts on capital: 1 (Last: 15/04/2008)
Acts on creation: 1 (Last: 04/12/2007)
Acts on filed accounts: 4 (Last: 08/11/2011, first:
30/10/2008)
Acts on identification: 0
Acts on Information: 2 (Last: 14/03/2008, first:
14/03/2008)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2010) |
08/11/2011 |
898162 |
Barcelona |
|
Annual Filed Accounts (2009) |
24/11/2010 |
1077177 |
Barcelona |
|
Annual Filed Accounts (2008) |
27/01/2010 |
59219 |
Barcelona |
|
Annual Filed Accounts (2007) |
30/10/2008 |
1008726 |
Barcelona |
|
Appointments |
15/04/2008 |
195415 |
Barcelona |
|
Appointments |
15/04/2008 |
195412 |
Barcelona |
|
Resignations |
15/04/2008 |
195412 |
Barcelona |
|
Capital enlargement (IA) |
15/04/2008 |
195404 |
Barcelona |
|
Errata |
14/03/2008 |
143458 |
Barcelona |
|
Errata |
14/03/2008 |
143453 |
Barcelona |
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 29/09/2012.
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 |
970,00 |
0,14 |
4.970,00 |
0,65 |
4.970,00 |
0,71 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
970,00 |
0,14 |
4.970,00 |
0,65 |
4.970,00 |
0,71 |
|
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 |
708.968,01 |
99,86 |
755.765,57 |
99,35 |
696.520,57 |
99,29 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
481.000,00 |
67,75 |
440.281,73 |
57,88 |
413.278,74 |
58,91 |
|
III. Trade Debtors and other receivable accounts |
224.680,42 |
31,65 |
294.214,50 |
38,68 |
241.243,35 |
34,39 |
|
1. Clients |
224.680,42 |
31,65 |
279.760,71 |
36,78 |
241.243,35 |
34,39 |
|
b) Clients for sales and short term services
rendering |
224.680,42 |
31,65 |
279.760,71 |
36,78 |
241.243,35 |
34,39 |
|
3. Other debtors |
|
|
14.453,79 |
1,90 |
|
|
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
3.287,59 |
0,46 |
21.269,34 |
2,80 |
41.998,48 |
5,99 |
|
TOTAL ASSETS (A + B) |
709.938,01 |
100,00 |
760.735,57 |
100,00 |
701.490,57 |
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 |
494.393,35 |
69,64 |
491.708,86 |
64,64 |
488.896,83 |
69,69 |
|
A-1) Equity |
494.393,35 |
69,64 |
491.708,86 |
64,64 |
488.896,83 |
69,69 |
|
I. Capital |
350.870,00 |
49,42 |
350.870,00 |
46,12 |
350.870,00 |
50,02 |
|
1. Authorized capital |
350.870,00 |
49,42 |
350.870,00 |
46,12 |
350.870,00 |
50,02 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
10.838,86 |
1,53 |
|
|
|
|
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
8.026,83 |
1,06 |
-56.612,29 |
-8,07 |
|
VI. Other loans from partners |
130.000,00 |
18,31 |
130.000,00 |
17,09 |
130.000,00 |
18,53 |
|
VII. Exercise Result |
2.684,49 |
0,38 |
2.812,03 |
0,37 |
64.639,12 |
9,21 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
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 |
215.544,66 |
30,36 |
269.026,71 |
35,36 |
212.593,74 |
30,31 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
148.703,54 |
20,95 |
194.242,73 |
25,53 |
124.963,77 |
17,81 |
|
1. Debts with bank entities |
4.938,72 |
0,70 |
|
|
|
|
|
3. Other short term debts |
143.764,82 |
20,25 |
194.242,73 |
25,53 |
124.963,77 |
17,81 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
66.841,12 |
9,42 |
74.783,98 |
9,83 |
87.629,97 |
12,49 |
|
1. Suppliers |
|
|
|
|
10.755,50 |
1,53 |
|
b) Short term suppliers |
|
|
|
|
10.755,50 |
1,53 |
|
2. Other creditors |
66.841,12 |
9,42 |
74.783,98 |
9,83 |
76.874,47 |
10,96 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
709.938,01 |
100,00 |
760.735,57 |
100,00 |
701.490,57 |
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 |
828.971,29 |
100,00 |
956.414,34 |
100,00 |
908.647,19 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
40.718,27 |
4,91 |
27.002,99 |
2,82 |
29.112,46 |
3,20 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-501.442,82 |
-60,49 |
-608.235,71 |
-63,60 |
-452.267,44 |
-49,77 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-140.834,26 |
-16,99 |
-140.344,54 |
-14,67 |
-157.412,67 |
-17,32 |
|
7. Other operating costs |
-216.547,79 |
-26,12 |
-228.001,23 |
-23,84 |
-257.511,86 |
-28,34 |
|
8. Amortization of fixed assets |
-4.000,00 |
-0,48 |
|
|
|
|
|
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 |
4.704,29 |
0,57 |
1.843,12 |
0,19 |
389,19 |
0,04 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
11.568,98 |
1,40 |
8.678,97 |
0,91 |
70.956,87 |
7,81 |
|
14. Financial income |
4,25 |
0,00 |
|
|
|
|
|
b) Other financial income |
4,25 |
0,00 |
|
|
|
|
|
15. Financial expenses |
-7.993,91 |
-0,96 |
-4.929,60 |
-0,52 |
-3.642,14 |
-0,40 |
|
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) |
-7.989,66 |
-0,96 |
-4.929,60 |
-0,52 |
-3.642,14 |
-0,40 |
|
C) RESULT BEFORE TAXES (A + B) |
3.579,32 |
0,43 |
3.749,37 |
0,39 |
67.314,73 |
7,41 |
|
20. Taxes on profits |
-894,83 |
-0,11 |
-937,34 |
-0,10 |
-2.675,61 |
-0,29 |
|
D) EXERCISE RESULT (C + 20) |
2.684,49 |
0,32 |
2.812,03 |
0,29 |
64.639,12 |
7,11 |
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 |
2.684,49 |
2.812,03 |
64.639,12 |
|
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) |
2.684,49 |
2.812,03 |
64.639,12 |
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
OTHER LOANS FROM PARTNERS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
350.870,00 |
|
|
|
|
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) |
350.870,00 |
|
|
|
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
130.000,00 |
|
3. Other operations with partners or owners |
|
|
|
130.000,00 |
|
III. Other net worth variations |
|
|
-56.612,29 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
350.870,00 |
|
-56.612,29 |
130.000,00 |
|
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) |
350.870,00 |
|
-56.612,29 |
130.000,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
64.639,12 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
350.870,00 |
8.026,83 |
|
130.000,00 |
|
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) |
350.870,00 |
8.026,83 |
|
130.000,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
2.812,03 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
350.870,00 |
10.838,86 |
|
130.000,00 |
|
NET WORTH CHANGES ( 3 /3) |
EXERCISE RESULT |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-56.612,29 |
294.257,71 |
|
|
|
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) |
-56.612,29 |
294.257,71 |
|
|
|
I. Total recognized income and expenses |
64.639,12 |
64.639,12 |
|
|
|
II. Operations with partners or owners |
|
130.000,00 |
|
|
|
3. Other operations with partners or owners |
|
130.000,00 |
|
|
|
III. Other net worth variations |
56.612,29 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
64.639,12 |
488.896,83 |
|
|
|
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) |
64.639,12 |
488.896,83 |
|
|
|
I. Total recognized income and expenses |
2.812,03 |
2.812,03 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-64.639,12 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
2.812,03 |
491.708,86 |
|
|
|
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) |
2.812,03 |
491.708,86 |
|
|
|
I. Total recognized income and expenses |
2.684,49 |
2.684,49 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-2.812,03 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
2.684,49 |
494.393,35 |
|
|
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
493.423,35 |
1,37 |
486.738,86 |
0,58 |
483.926,83 |
|
Working capital ratio |
0,70 |
9,37 |
0,64 |
-7,25 |
0,69 |
|
Soundness Ratio |
509,68 |
415,14 |
98,94 |
0,58 |
98,37 |
|
Average Collection Period (days) |
98 |
-12,01 |
111 |
16,23 |
95 |
|
Average Payment Period (days) |
33 |
4,49 |
32 |
-27,64 |
44 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
328,92 |
17,08 |
280,93 |
-14,25 |
327,63 |
|
Quick Ratio (%) |
1,52 |
-80,66 |
7,91 |
-59,97 |
19,76 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
20,95 |
-17,94 |
25,53 |
43,35 |
17,81 |
|
External Financing Average Cost |
0,05 |
66,67 |
0,02 |
0,00 |
0,03 |
|
Debt Service Coverage |
22,25 |
-67,79 |
69,08 |
3.479,27 |
1,93 |
|
Interest Coverage |
1,45 |
-17,61 |
1,76 |
-90,97 |
19,48 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
0,81 |
179,31 |
0,29 |
-95,92 |
7,11 |
|
Auto financing generated by Assets (%) |
0,94 |
154,05 |
0,37 |
-95,99 |
9,22 |
|
Breakdown Point |
1,01 |
0,00 |
1,01 |
-7,34 |
1,08 |
|
Average Sales Volume per Employee |
138.161,88 |
-13,33 |
159.402,39 |
5,26 |
151.441,20 |
|
Average Cost per Employee |
23.472,38 |
0,35 |
23.390,76 |
-10,84 |
26.235,44 |
|
Assets Turnover |
1,17 |
-7,14 |
1,26 |
-3,08 |
1,30 |
|
Inventory Turnover (days) |
345 |
32,46 |
261 |
-20,79 |
329 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
1,63 |
42,98 |
1,14 |
-88,74 |
10,12 |
|
Operating Profitability (%) |
2,19 |
92,11 |
1,14 |
-88,74 |
10,12 |
|
Return on Equity (ROE) (%) |
0,72 |
-5,26 |
0,76 |
-94,48 |
13,77 |
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 |
0,14 |
34,06 |
-33,92 |
|
A) CURRENT ASSETS |
99,86 |
65,94 |
33,92 |
|
LIABILITIES |
|||
|
A) NET WORTH |
69,64 |
43,99 |
25,65 |
|
B) NON CURRENT LIABILITIES |
|
15,87 |
|
|
C) CURRENT LIABILITIES |
30,36 |
40,13 |
-9,77 |
|
|
|
|
|
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 |
-60,49 |
-64,49 |
4,00 |
|
Variation in stocks of finished goods and work in progress |
4,91 |
0,53 |
4,38 |
|
GROSS MARGIN |
44,42 |
36,04 |
8,38 |
|
Other operating costs |
-26,12 |
-14,78 |
-11,34 |
|
Labour cost |
-16,99 |
-17,45 |
0,46 |
|
GROSS OPERATING RESULT |
1,31 |
3,80 |
-2,49 |
|
Amortization of fixed assets |
-0,48 |
-1,88 |
1,40 |
|
Deterioration and result for fixed assets disposal |
|
0,03 |
|
|
Other expenses / income |
|
0,31 |
|
|
NET OPERATING RESULT |
1,40 |
2,27 |
-0,87 |
|
Financial result |
-0,96 |
-1,07 |
0,11 |
|
RESULT BEFORE TAX |
0,43 |
1,20 |
-0,77 |
|
Taxes on profits |
-0,11 |
-0,34 |
0,23 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,32 |
0,86 |
-0,54 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,32 |
0,86 |
-0,54 |
|
Amortization of fixed assets |
-0,48 |
-1,88 |
1,40 |
|
Deterioration and provisions variation |
|
0,04 |
|
|
|
0,81 |
2,69 |
-1,88 |
MAIN RATIOS
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
493.423,35 |
23.558,94 |
97.207,84 |
273.556,34 |
|
Working capital ratio |
0,70 |
0,09 |
0,27 |
0,46 |
|
Soundness Ratio |
509,68 |
0,84 |
1,96 |
4,86 |
|
Average Collection Period (days) |
98 |
44 |
84 |
135 |
|
Average Payment Period (days) |
33 |
70 |
107 |
171 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
328,92 |
116,14 |
158,40 |
259,26 |
|
Quick Ratio (%) |
1,52 |
5,12 |
21,22 |
69,52 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
20,95 |
4,57 |
21,40 |
44,20 |
|
External Financing Average Cost |
0,05 |
0,02 |
0,04 |
0,08 |
|
Debt Service Coverage |
22,25 |
0,00 |
2,37 |
10,95 |
|
Interest Coverage |
1,45 |
0,52 |
1,70 |
6,98 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
0,81 |
0,54 |
2,28 |
5,47 |
|
Auto financing generated by Assets (%) |
0,94 |
0,60 |
2,73 |
6,28 |
|
Breakdown Point |
1,01 |
1,00 |
1,02 |
1,05 |
|
Average Sales Volume per Employee |
138.161,88 |
86.973,35 |
144.574,18 |
228.769,23 |
|
Average Cost per Employee |
23.472,38 |
15.107,30 |
23.877,43 |
33.230,69 |
|
Assets Turnover |
1,17 |
0,67 |
1,17 |
1,82 |
|
Inventory Turnover (days) |
345 |
30 |
99 |
236 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
1,63 |
0,12 |
2,48 |
5,70 |
|
Operating Profitability (%) |
2,19 |
1,35 |
4,34 |
8,36 |
|
Return on Equity (ROE) (%) |
0,72 |
-1,14 |
3,56 |
13,44 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
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
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.