MIRA INFORM REPORT
|
Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AROMAS DEL SUR SL |
|
|
|
|
Registered Office : |
Calle Medina, 1, 11402 Jerez De La Frontera Cádiz |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
22.11.2002 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Retail sale of clothes |
|
|
|
|
No. of Employees : |
11 |
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
AROMAS DEL SUR SL
CIF/NIF: B11753803
Company situation: Active
Data of your
request
|
|
|
|
Registered Name AROMAS DEL SUR
SL Complete Address MEDINA,
1 11 11402 Telephones 956140
956 Request reason MAX
CREIDT |
Year of the accounts to be delivered 2011 Language Inglés Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference
Number 226713 |
Answer to the data
in your request
The data of your request have been confirmed and are correct.
In spite of investigations using every source available (public and private), no additional details than those contained in this report are available.
The NIF provided is registered as IVA (VAT) operator.
EXECUTIVE SUMMARY
Identification
Current Business Name: AROMAS DEL SUR SL
Commercial name: KAHYRA
Other names: NO
Current Address: CALLE MEDINA, 1
11402 JEREZ DE LA FRONTERA CÁDIZ
Branches: 4
Telephone number: 956140956 Fax: 856080884
URL: www.kahyra.com
Corporate e-mail: admin@kahyra.com
Trade Risk
Incidents: NO
R.A.I.: NO
Financial Information
Balance sheet latest sales (2011): 1.184.524,84 € (Mercantile Register)
Result: 103.205,72 €
Total Assets: 775.782,04 €
Share capital: 3.006,00 €
Employees: 11
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 22/11/2002
Activity: Retail sale of clothes
NACE 2009 CODE: 4771
International Operations: Exports
Corporate
Structure
Sole Administrator:
MORALES VIVANCOS, JOSE ANTONIO
Other
Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 23/01/2012 Loss of individual ownership character
Latest press article: 03/05/2005 LA GACETA (BRANCHES)
Bank Entities: There are
The date when this report was last updated is 28/06/2013.
The information contained in this report has been investigated and
contrasted on 28/06/2013
Financial situation
|
Exercise:2011 |
|
|||
|
Immediate
liquidity |
|
Good |
|
|
|
Indebtedness |
|
Important |
|
|
|
Profitability |
|
Good |
|
|
|
Soundness |
|
Bad |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Acceptable |
Rating Explanation
Financial situation
•
The company’s financial situation is good.
•
The sales evolution and results has
been positive.
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 positive.
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 has had delays in the Accounts Filing
in the Mercantile Register.
Reasons of the last
outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
04/04/2013 |
Increase |
13 |
•
New financial statements have been uploaded. |
|
27/03/2013 |
Increase |
10 |
•
New information has been loaded on our systems. |
|
29/01/2013 |
Increase |
9 |
•
New information has been loaded on our systems. |
|
16/01/2013 |
Reduction |
8 |
•
New information has been loaded on our systems. |
|
13/12/2012 |
Increase |
10 |
•
New information has been loaded on our systems. |
INCIDENTS 
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
24/06/2013 09:06:21
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 |
290.480,05 |
37,44 |
252.665,64 |
31,75 |
186.068,04 |
30,02 |
|
B) CURRENT ASSETS |
485.301,99 |
62,56 |
543.078,31 |
68,25 |
433.840,48 |
69,98 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
216.475,74 |
27,90 |
113.270,02 |
14,23 |
90.331,52 |
14,57 |
|
B) NON CURRENT LIABILITIES |
202.524,46 |
26,11 |
139.661,64 |
17,55 |
150.000,00 |
24,20 |
|
C) CURRENT LIABILITIES |
356.781,84 |
45,99 |
542.812,29 |
68,21 |
379.577,00 |
61,23 |
Profit and loss
account analysis
Figures given in €
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
1.184.524,84 |
|
1.015.802,34 |
|
794.108,95 |
|
|
GROSS MARGIN |
551.923,34 |
46,59 |
380.846,19 |
37,49 |
308.716,95 |
38,88 |
|
EBITDA |
140.466,51 |
11,86 |
52.193,36 |
5,14 |
39.869,39 |
5,02 |
|
EBIT |
115.834,44 |
9,78 |
33.529,53 |
3,30 |
30.727,77 |
3,87 |
|
NET RESULT |
103.205,72 |
8,71 |
22.938,50 |
2,26 |
21.800,23 |
2,75 |
|
EFFECTIVE TAX RATE (%) |
7,24 |
0,00 |
25,00 |
0,00 |
25,00 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
37,44 |
43,84 |
-6,40 |
|
|
|
|
|
A) CURRENT ASSETS |
62,56 |
56,16 |
6,40 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
27,90 |
42,64 |
-14,74 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
26,11 |
20,36 |
5,75 |
|
|
|
|
|
C) CURRENT LIABILITIES |
45,99 |
36,99 |
9,00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
99,75 |
98,09 |
1,66 |
|
|
|
|
|
GROSS MARGIN |
46,48 |
42,79 |
3,69 |
|
|
|
|
|
EBITDA |
11,83 |
2,79 |
9,04 |
|
|
|
|
|
EBIT |
9,75 |
0,55 |
9,20 |
|
|
|
|
|
NET RESULT |
8,69 |
-0,56 |
9,25 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4771
Number of companies: 1939
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 |
103.205,72 |
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 |
103.205,72 |
|
Total of Amounts to be distributed |
103.205,72 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
103.205,72 |
Company ADDRESSES
Current Legal Seat Address:
CALLE MEDINA, 1
11402 JEREZ
DE LA FRONTERA CÁDIZ
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE AITANA, 2 |
11500 |
EL PUERTO DE SANTA MARIA |
Cádiz |
|
AVENIDA NUMISMATICA, 32 |
11591 |
JEREZ DE LA FRONTERA |
Cádiz |
|
CALLE RUA, 13 |
24003 |
LEON |
León |
|
CALLE ALFONSO XII, 11 |
41001 |
SEVILLA |
Seville |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA DEL EJERCITO |
11500 |
EL PUERTO DE SANTA MARIA |
Cádiz |
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
Governing body : 1 member (latest change:
02/06/2010)
Other Positions : 2 (latest change: 02/06/2010)
Non-current positions : 1 (latest change: 02/06/2010)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
MORALES VIVANCOS, JOSE ANTONIO |
02/06/2010 |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
NARBONA MONTES MARIA DEL ROCIO |
|
Indef. |
B.O.R.M.E. |
23/01/2012 |
POTENTIAL LINKS
Search Criterion: ”AROMAS DEL SUR SL”
URL: www.kahyra.com
contactarcontact — - Káhyra AROMAS DEL SUR S.L.. Guadalcacín – Ciudad
del Transporte 11591. Jerez de la Frontera – Cádiz – España. Si tienes alguna
duda ponte en contacto con ...
BUSINESS INFORMATION
Incorporation date: 22/11/2002
Activity: Retail sale of clothes
NACE 2009 CODE: 4771
NACE 2009 Activity: Retail sale of clothing in specialised
stores
Business: a) La compra, venta, importacion, distribucion de
textil, tocado, vestidos, moda, decoracion, regalos, muebles hogar. Las
actividades integrantes delobjeto social podran ser desarrolladas por la
Sociedad, total o parcialmente, de modo indirecto, mediante la titularidad de
acciones o de participacio.
Activity description: Diseño y distribución de prendas de vestir y
complementos para la mujer.
Latest employees figure: 11 (2011)
% of fixed employees: 27,27%
% of temporary employees: 72,73%
% of women: 100,00%
Employees
evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
|
11 |
COMMERCIAL OPERATIONS
SALES
Exports to: ITALIA, PORTUGAL, MEXICO Y USA.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
UNICAJA BANCO, S.A. |
|
|
|
|
There are 1 bank entities registered
Grants
|
|
|
|
Body-entity: JUNTA DE ANDALUCIA Grant type: Other grants
(grouped amounts or not classified) Granting year: 2011 |
Nominal amount: 3.000,00 € Amount received in the
exercise: 3.000,00 € Amount pending collection:
0,00 € Source: Filed
Accounts (2011) |
LEGAL STRUCTURE
Constitution Data
Register Date: 22/11/2002
Register town: Cádiz
Announcement number: 15903
Share capital: 3.006 €
Legal form: Limited Liability Company
Share capital: 3.006,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E.
(OFFICIAL GAZETTE OF
THE MERCANTILE REGISTER)
· Acts on activity: 1 (Last: 02/06/2010)
· Acts on administrators: 5 (Last: 02/06/2010, first: 17/01/2003)
· Acts on capital: 0
· Acts on creation: 1 (Last: 17/01/2003)
· Acts on filed accounts: 9 (Last: 13/09/2011, first: 12/09/2003)
· Acts on identification: 0
· Acts on Information: 2 (Last: 23/01/2012, first: 17/01/2003)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Loss of individual ownership character |
23/01/2012 |
30324 |
Cádiz |
|
Annual Filed Accounts (2010) |
13/09/2011 |
503076 |
Cádiz |
|
Annual Filed Accounts (2009) |
10/03/2011 |
98815 |
Cádiz |
|
Appointments |
02/06/2010 |
219778 |
Cádiz |
|
Registered activity change |
02/06/2010 |
219777 |
Cádiz |
|
Appointments |
02/06/2010 |
219777 |
Cádiz |
|
Resignations |
02/06/2010 |
219777 |
Cádiz |
|
Annual Filed Accounts (2008) |
14/09/2009 |
406902 |
Cádiz |
|
Annual Filed Accounts (2007) |
19/09/2008 |
584848 |
Cádiz |
|
Annual Filed Accounts (2006) |
14/09/2007 |
511112 |
Cádiz |
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 2 (Last: 03/05/2005, first:
05/10/2003)
Latest press article
published
03/05/2005 LA GACETA - BRANCHES
LA CADENA DE TIENDAS DE COMPLEMENTOS DE MODA KAHYRA ACABA DE ABRIR UN
NUEVO ESTABLECIMIENTO EN LEON, EL SEPTIMO DE LA CADENA ANDALUZA. LA ENSEÑA SE
ENCUENTRA EN PLENO PROCESO DE EXPANSION CON EL QUE PRETENDE CONCLUIR EL AÑO CON
UN MINIMO DE 12 NUEVOS CENTROS ABIERTOS, DOS DE LOS CUALES SERAN PROPIEDAD DE
LA MARCA.
05/10/2003 EL MUNDO DEL SIGLO
VEINTIUNO - BRANCHES
LA CADENA DE MODA Y ACCESORIOS FEMENINOS KAHYRA, ACABA DE INAUGURAR SU
PRIMER ESTABLECIMIENTO FRANQUICIADO EN GUADALAJARA. LA MARCA, QUE CUENTA ADEMAS
CON UN LOCAL PROPIO, PREVE CERRAR ESTE AÑO CON UN TOTAL DE 7 TIENDAS.
Complementary
Information
Financial Information
El balance cerrado a 31/12/2008 (Deposito 2008) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
El balance cerrado a 31/12/2009 (Deposito 2009) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
El balance cerrado a 31/12/2002 (Deposito 2002-2003 ) esta disponible en
INFORMA, pero no ha sido cargado por tener una duración inferior a tres meses
El balance cerrado a 31/12/2007 (Deposito 2007 ) esta disponible en
INFORMA, pero no ha sido cargado por presentar en sus cuentas la siguiente
anomalia: El resultado de explotacion es diferente al calculo de los Ingresos
de Explotacion menos los Gastos de Explotación
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 03/04/2013.
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 |
290.480,05 |
37,44 |
252.665,64 |
31,75 |
186.068,04 |
30,02 |
|
I. Intangible assets |
11.747,51 |
1,51 |
465,75 |
0,06 |
5.074,67 |
0,82 |
|
II. Tangible fixed assets |
271.912,54 |
35,05 |
245.379,89 |
30,84 |
174.173,37 |
28,10 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
6.820,00 |
0,88 |
6.820,00 |
0,86 |
6.820,00 |
1,10 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
485.301,99 |
62,56 |
543.078,31 |
68,25 |
433.840,48 |
69,98 |
|
I. Stocks |
336.012,40 |
43,31 |
320.115,00 |
40,23 |
340.702,54 |
54,96 |
|
II. Trade Debtors and other receivable accounts |
27.715,25 |
3,57 |
33.844,99 |
4,25 |
22.799,30 |
3,68 |
|
1. Clients |
21.363,12 |
2,75 |
30.911,76 |
3,88 |
22.799,30 |
3,68 |
|
b) Clients for sales and short term services
rendering |
21.363,12 |
2,75 |
30.911,76 |
3,88 |
22.799,30 |
3,68 |
|
3. Other debtors |
6.352,13 |
0,82 |
2.933,23 |
0,37 |
|
|
|
III. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
IV. Short term financial investments |
|
|
|
|
4.681,87 |
0,76 |
|
V. Short term periodifications |
|
|
|
|
|
|
|
VI. Cash and equivalents |
121.574,34 |
15,67 |
189.118,32 |
23,77 |
65.656,77 |
10,59 |
|
TOTAL ASSETS (A + B) |
775.782,04 |
100,00 |
795.743,95 |
100,00 |
619.908,52 |
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 |
216.475,74 |
27,90 |
113.270,02 |
14,23 |
90.331,52 |
14,57 |
|
A-1) Equity |
216.475,74 |
27,90 |
113.270,02 |
14,23 |
90.331,52 |
14,57 |
|
I. Capital |
3.006,00 |
0,39 |
3.006,00 |
0,38 |
3.006,00 |
0,48 |
|
1. Authorized capital |
3.006,00 |
0,39 |
3.006,00 |
0,38 |
3.006,00 |
0,48 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
110.264,02 |
14,21 |
87.325,52 |
10,97 |
65.525,29 |
10,57 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
103.205,72 |
13,30 |
22.938,50 |
2,88 |
21.800,23 |
3,52 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
202.524,46 |
26,11 |
139.661,64 |
17,55 |
150.000,00 |
24,20 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
202.524,46 |
26,11 |
139.661,64 |
17,55 |
150.000,00 |
24,20 |
|
1. Debts with bank entities |
202.524,46 |
26,11 |
139.661,64 |
17,55 |
150.000,00 |
24,20 |
|
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 |
356.781,84 |
45,99 |
542.812,29 |
68,21 |
379.577,00 |
61,23 |
|
I. Short term provisions |
|
|
|
|
|
|
|
II. Short term debts |
66.530,63 |
8,58 |
123.348,64 |
15,50 |
|
|
|
3. Other short term debts |
66.530,63 |
8,58 |
123.348,64 |
15,50 |
|
|
|
III. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Trade creditors and other payable accounts |
290.251,21 |
37,41 |
419.463,65 |
52,71 |
379.577,00 |
61,23 |
|
1. Suppliers |
113.680,74 |
14,65 |
148.763,35 |
18,69 |
230.556,12 |
37,19 |
|
b) Short term suppliers |
113.680,74 |
14,65 |
148.763,35 |
18,69 |
230.556,12 |
37,19 |
|
2. Other creditors |
176.570,47 |
22,76 |
270.700,30 |
34,02 |
149.020,88 |
24,04 |
|
V. Short term periodifications |
|
|
|
|
|
|
|
VI. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
775.782,04 |
100,00 |
795.743,95 |
100,00 |
619.908,52 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in €
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
1.184.524,84 |
99,75 |
1.015.802,34 |
99,68 |
794.108,95 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-635.601,50 |
-53,52 |
-638.231,15 |
-62,63 |
-485.392,00 |
-61,12 |
|
5. Other operating income |
3.000,00 |
0,25 |
3.275,00 |
0,32 |
|
|
|
6. Labour cost |
-148.941,75 |
-12,54 |
-118.231,01 |
-11,60 |
-94.898,13 |
-11,95 |
|
7. Other operating costs |
-263.358,11 |
-22,18 |
-211.794,34 |
-20,78 |
-173.949,43 |
-21,90 |
|
8. Amortization of fixed assets |
-24.632,07 |
-2,07 |
-18.663,83 |
-1,83 |
-9.141,62 |
-1,15 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
|
|
12. Other results |
843,03 |
0,07 |
1.372,52 |
0,13 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) |
115.834,44 |
9,75 |
33.529,53 |
3,29 |
30.727,77 |
3,87 |
|
13. Financial income |
1.210,60 |
0,10 |
4,03 |
0,00 |
|
|
|
b) Other financial income |
1.210,60 |
0,10 |
4,03 |
0,00 |
|
|
|
14. Financial expenses |
-5.787,89 |
-0,49 |
-2.948,89 |
-0,29 |
-1.660,80 |
-0,21 |
|
15. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
16. Exchange differences |
|
|
|
|
|
|
|
17. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
18. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (13 + 14 + 15 + 16 + 17 + 18) |
-4.577,29 |
-0,39 |
-2.944,86 |
-0,29 |
-1.660,80 |
-0,21 |
|
C) RESULT BEFORE TAXES (A + B) |
111.257,15 |
9,37 |
30.584,67 |
3,00 |
29.066,97 |
3,66 |
|
19. Taxes on profits |
-8.051,43 |
-0,68 |
-7.646,17 |
-0,75 |
-7.266,74 |
-0,92 |
|
D) EXERCISE RESULT (C + 19) |
103.205,72 |
8,69 |
22.938,50 |
2,25 |
21.800,23 |
2,75 |
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 /2) |
AUTHORIZED CAPITAL |
(UNCALLED) CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
3.006,00 |
64.924,09 |
|
7.049,02 |
|
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 |
64.924,09 |
|
7.049,02 |
|
I. Profit and loss account result |
|
21.800,23 |
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.006,00 |
|
65.525,29 |
|
|
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 |
|
65.525,29 |
|
|
I. Profit and loss account result |
|
|
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
|
21.800,23 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
3.006,00 |
|
87.325,52 |
|
|
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 |
|
87.325,52 |
|
|
I. Profit and loss account result |
|
|
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
|
22.938,50 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
3.006,00 |
|
110.264,02 |
|
|
NET WORTH CHANGES ( 2 /2) |
EXERCISE RESULT |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
7.049,02 |
82.028,13 |
|
|
|
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) |
7.049,02 |
82.028,13 |
|
|
|
I. Profit and loss account result |
21.800,23 |
65.400,69 |
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
21.800,23 |
90.331,52 |
|
|
|
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) |
21.800,23 |
90.331,52 |
|
|
|
I. Profit and loss account result |
22.938,50 |
22.938,50 |
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
-21.800,23 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
22.938,50 |
113.270,02 |
|
|
|
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) |
22.938,50 |
113.270,02 |
|
|
|
I. Profit and loss account result |
103.205,72 |
103.205,72 |
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
-22.938,50 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
103.205,72 |
216.475,74 |
|
|
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
128.520,15 |
48.212,21 |
266,02 |
-99,51 |
54.263,48 |
|
Working capital ratio |
0,17 |
|
0,00 |
-100,00 |
0,09 |
|
Soundness Ratio |
0,74 |
66,67 |
0,45 |
-8,16 |
0,48 |
|
Average Collection Period (days) |
8 |
-30,30 |
12 |
13,79 |
10 |
|
Average Payment Period (days) |
116 |
-34,48 |
177 |
-14,41 |
207 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
136,02 |
35,95 |
100,05 |
-12,47 |
114,30 |
|
Quick Ratio (%) |
34,08 |
-2,18 |
34,84 |
88,02 |
18,53 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
34,68 |
4,93 |
33,05 |
36,57 |
24,20 |
|
External Financing Average Cost |
0,02 |
100,00 |
0,01 |
0,00 |
0,01 |
|
Debt Service Coverage |
2,10 |
-66,61 |
6,32 |
30,31 |
4,85 |
|
Interest Coverage |
20,01 |
75,99 |
11,37 |
-38,54 |
18,50 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
10,79 |
163,17 |
4,10 |
5,13 |
3,90 |
|
Auto financing generated by Assets (%) |
16,48 |
215,11 |
5,23 |
4,81 |
4,99 |
|
Breakdown Point |
1,11 |
7,77 |
1,03 |
-0,96 |
1,04 |
|
Average Sales Volume per Employee |
107.684,08 |
-25,05 |
143.677,84 |
80,93 |
79.410,90 |
|
Average Cost per Employee |
13.540,16 |
-19,03 |
16.722,92 |
76,22 |
9.489,81 |
|
Assets Turnover |
1,53 |
19,53 |
1,28 |
0,00 |
1,28 |
|
Inventory Turnover (days) |
190 |
5,38 |
181 |
-28,49 |
253 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
14,93 |
254,63 |
4,21 |
-15,12 |
4,96 |
|
Operating Profitability (%) |
18,11 |
176,07 |
6,56 |
2,02 |
6,43 |
|
Return on Equity (ROE) (%) |
51,40 |
90,37 |
27,00 |
-16,10 |
32,18 |
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 |
37,44 |
43,84 |
-6,40 |
|
A) CURRENT ASSETS |
62,56 |
56,16 |
6,40 |
|
LIABILITIES |
|||
|
A) NET WORTH |
27,90 |
42,64 |
-14,74 |
|
B) NON CURRENT LIABILITIES |
26,11 |
20,36 |
5,75 |
|
C) CURRENT LIABILITIES |
45,99 |
36,99 |
9,00 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,75 |
98,09 |
1,66 |
|
Other operating income |
0,25 |
1,91 |
-1,66 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-53,52 |
-58,61 |
5,09 |
|
Variation in stocks of finished goods and work in progress |
|
1,40 |
|
|
GROSS MARGIN |
46,48 |
42,79 |
3,69 |
|
Other operating costs |
-22,18 |
-18,01 |
-4,17 |
|
Labour cost |
-12,54 |
-22,74 |
10,20 |
|
GROSS OPERATING RESULT |
11,76 |
2,03 |
9,73 |
|
Amortization of fixed assets |
-2,07 |
-2,58 |
0,51 |
|
Deterioration and result for fixed assets disposal |
|
0,34 |
|
|
Other expenses / income |
|
0,76 |
|
|
NET OPERATING RESULT |
9,75 |
0,55 |
9,20 |
|
Financial result |
-0,39 |
-1,08 |
0,69 |
|
RESULT BEFORE TAX |
9,37 |
-0,53 |
9,90 |
|
Taxes on profits |
-0,68 |
-0,04 |
-0,64 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
8,69 |
-0,56 |
9,25 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
8,69 |
-0,56 |
9,25 |
|
Amortization of fixed assets |
-2,07 |
-2,58 |
0,51 |
|
Deterioration and provisions variation |
|
0,34 |
|
|
|
10,77 |
1,68 |
9,09 |
Main
Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
128.520,15 |
1.324,54 |
44.340,26 |
142.236,79 |
|
Working capital ratio |
0,17 |
0,01 |
0,20 |
0,42 |
|
Soundness Ratio |
0,74 |
0,52 |
1,18 |
3,27 |
|
Average Collection Period (days) |
8 |
0 |
4 |
24 |
|
Average Payment Period (days) |
116 |
60 |
103 |
168 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
136,02 |
101,65 |
147,61 |
240,74 |
|
Quick Ratio (%) |
34,08 |
3,39 |
16,38 |
62,96 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
34,68 |
7,98 |
31,67 |
51,69 |
|
External Financing Average Cost |
0,02 |
0,01 |
0,03 |
0,06 |
|
Debt Service Coverage |
2,10 |
-0,17 |
2,01 |
13,63 |
|
Interest Coverage |
20,01 |
-3,12 |
1,28 |
3,80 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
10,79 |
-2,04 |
1,68 |
4,85 |
|
Auto financing generated by Assets (%) |
16,48 |
-1,77 |
1,80 |
5,15 |
|
Breakdown Point |
1,11 |
0,96 |
1,01 |
1,04 |
|
Average Sales Volume per Employee |
107.684,08 |
58.066,62 |
86.101,02 |
126.317,58 |
|
Average Cost per Employee |
13.540,16 |
14.228,87 |
19.484,28 |
24.948,09 |
|
Assets Turnover |
1,53 |
0,59 |
1,05 |
1,68 |
|
Inventory Turnover (days) |
190 |
92 |
219 |
470 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
14,93 |
-3,62 |
1,26 |
4,01 |
|
Operating Profitability (%) |
18,11 |
-1,61 |
3,01 |
7,16 |
|
Return on Equity (ROE) (%) |
51,40 |
-12,55 |
1,62 |
9,29 |
ADDITIONAL INFORMATION
Consulted Sources
Central Mercantile Register
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
Telephone directory: PÁGINAS AMARILLAS
TITULAR
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
UK Pound |
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess
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.