MIRA INFORM REPORT
|
Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TALLERES DE ESCORIAZA SA
”TESA” |
|
|
|
|
Registered Office : |
Barrio Ventas, 35, 20305 Irun
Gipuzkoa |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Sole Corporation |
|
|
|
|
Line of Business : |
Manufacture of hardware and locksmiths store products |
|
|
|
|
No. of Employees : |
550 (2013) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Moderate |
|
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
TALLERES DE ESCORIAZA SA ”TESA”
CIF/NIF: A20664785
Company situation: Active
INFORMATION OF THE REQUEST
Answer to the data in your request
Other Complementary Information
Subject forms part of the Business Group ASSA ABLOY
The NIF provided is registered as IVA (VAT) operator.
Business Name
TESA is the commercial name - Acronym of the subject as its
correct registered name is the one provided in the report (TALLERES ESCORIAZA
SA).
Financial Information
The last filed accounts of the subject presented in the
Trade Register corresponds to the 2011 exercise.
EXECUTIVE SUMMARY
IDENTIFICATION
Current Business
Name: TALLERES DE ESCORIAZA SA
Commercial name: TESA; AZBE B. ZUBIA S.A.
Other names: YES
Current Address: BARRIO VENTAS, 35
Branches: 13
Telephone number: 943669100 Fax: 943633221
URL: www.tesa.es
Corporate e-mail: tesaloks@tesa.es
Trade Risk
Incidents: NO
R.A.I.: NO
Financial Information
Balance sheet latest sales (2011): 84.690.000,00 € (Mercantile Register)
Result: -2.439.000 €
Total Assets: 159.191.000 €
Share capital: 34.100.000,00 €
Employees: 550
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 01/06/1999
Activity: Mfg. of hardware
and locksmith s store products
NACE 2009 CODE: 2572
International Operations: Imports and Exports
Corporate Structure
President:
Parent Company:
Participations: 1
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 09/05/2013 Appointments
Latest press article: 18/06/2013 EXPANSIÓN DEL PAIS VASCO (AGREEMENTS BETWEEN
COMPANIES)
Bank Entities: There are
Rating Explanation
Financial situation
•
The company’s financial situation
is normal.
•
The company’s financial situation
evolution has been stable.
•
The sales evolution and results has
been negative.
•
The auditor’s opinion about the latest
accounts has been favourable with reservations.
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 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 files regularly its
accounts.
REASONS OF THE LAST OUTSTANDING CALCULATION IN THE NOTE
|
DATE |
CHANGE |
RESULTING
NOTE |
EVENT |
|
11/01/2013 |
Reduction |
12 |
•
New financial statements have been
uploaded. |
|
13/12/2012 |
Increase |
16 |
•
New information has been loaded on
our systems. |
|
01/12/2012 |
Reduction |
15 |
•
New information has been loaded on
our systems. |
|
30/11/2012 |
Equal |
16 |
•
There has been a change in the
formula version. |
|
06/03/2012 |
Reduction |
16 |
•
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.
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL
DEFAULTS OF PAYMENT
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND
MULTI - SECTORIAL DEFAULTS OF PAYMENT
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
26/06/2013 11:06:52
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 thousands €
|
|
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 |
86.012,00 |
54,03 |
88.298,00 |
54,42 |
88.366,00 |
55,29 |
|
B) CURRENT ASSETS |
73.179,00 |
45,97 |
73.953,00 |
45,58 |
71.454,00 |
44,71 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
131.085,00 |
82,34 |
133.669,00 |
82,38 |
133.098,00 |
83,28 |
|
B) NON CURRENT LIABILITIES |
6.238,00 |
3,92 |
4.382,00 |
2,70 |
3.011,00 |
1,88 |
|
C) CURRENT LIABILITIES |
21.868,00 |
13,74 |
24.200,00 |
14,92 |
23.711,00 |
14,84 |
Profit and loss account analysis
Figures given in thousands €
|
|
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 |
84.690,00 |
|
92.800,00 |
|
84.699,00 |
|
|
GROSS MARGIN |
50.569,00 |
59,71 |
55.624,00 |
59,94 |
48.482,00 |
57,24 |
|
EBITDA |
3.053,00 |
3,60 |
5.727,00 |
6,17 |
-899,00 |
-1,06 |
|
EBIT |
-2.555,00 |
-3,02 |
960,00 |
1,03 |
-6.937,00 |
-8,19 |
|
NET RESULT |
-2.439,00 |
-2,88 |
717,00 |
0,77 |
-7.874,00 |
-9,30 |
|
EFFECTIVE TAX RATE (%) |
-3,37 |
0,00 |
36,60 |
0,04 |
-8,92 |
-0,01 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on
the total assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
54,03 |
52,27 |
1,76 |
|
|
|
|
|
A) CURRENT ASSETS |
45,97 |
47,73 |
-1,76 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
82,34 |
69,46 |
12,88 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
3,92 |
9,73 |
-5,81 |
|
|
|
|
|
C) CURRENT LIABILITIES |
13,74 |
20,80 |
-7,06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT
ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
99,06 |
98,24 |
0,82 |
|
|
|
|
|
GROSS MARGIN |
59,15 |
51,19 |
7,96 |
|
|
|
|
|
EBITDA |
3,57 |
10,45 |
-6,88 |
|
|
|
|
|
EBIT |
-2,99 |
5,49 |
-8,48 |
|
|
|
|
|
NET RESULT |
-2,85 |
3,82 |
-6,67 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 2572
Number of companies: 14
Size (sales figure): > 7,000,000.00 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 |
-2.439.000,00 |
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 |
0,00 |
|
Total of Amounts to be distributed |
-2.439.000,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
-2.439.000,00 |
|
|
|
Application total |
-2.439.000,00 |
Auditing
Source: filing of annual financial
statement 2011
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: PRICEWATERHOUSECOOPERS AUDITORES
S.L.
Auditing exceptions:
Las cuentas anuales adjuntas del ejercicio terminado el 31
de diciembre de 2011 no contienen la información requerida por las indicaciones
novena y décima del artículo 260 del Texto Refundido de la Ley de Sociedades de
Capital, relativa a las retribuciones de la Alta Dirección y Administradores.
Asimismo, en las mencionadas cuentas anuales del ejercicio 2011 tampoco se
incluye la información requerida por el artículo 229 de la mencionada Ley de
Sociedades de Capital relativa a las situaciones de conflicto de intereses de
los Administradores y las personas vinculadas a los mismos. En las cuentas
anuales del ejercicio terminado el 31 de diciembre de 2010 tampoco se incluyó
la información relativa al artículo 260 de la Ley de Sociedades de Capital, por
lo que nuestra opinión de auditoría sobre las cuentas anuales de dicho
ejercicio contenía una salvedad al respecto.
Auditing fees: 58.000,00 €
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:
BARRIO VENTAS, 35
20305 IRUN GIPUZKOA
Previous Seat Address:
BASABE 3
20550 ARETXABALETA GIPUZKOA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE BALMES, 243 |
08006 |
BARCELONA |
Barcelona |
|
BALMES, 243, 2 4 |
08006 |
BAÑERES DEL PENEDES |
Barcelona |
|
CALLE MUNTANER, 48 |
08011 |
BARCELONA |
Barcelona |
|
PLAZA ALCALDE IGLESIAS CORRAL, 4 |
15008 |
A CORUÑA |
La Coruña |
|
CALLE ARANBURUZABALA KALEA, 23 |
20540 |
ESKORIATZA |
Gipuzkoa |
|
CALLE AUZOLAN KALEA, 8 |
20303 |
IRUN |
Gipuzkoa |
|
CALLE CAUCHO, 45 |
28850 |
TORREJON DE ARDOZ |
Madrid |
|
CALLE DE LA SIERRA DE SEGURA, 15 |
28830 |
SAN FERNANDO DE HENARES |
Madrid |
|
CALLE MALDONADO, 31 |
28006 |
MADRID |
Madrid |
|
CARRETERA NACIONAL II (KM), 2 |
28806 |
ALCALA DE HENARES |
Madrid |
There are 13 branches registered
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE AJALVIR, 2 |
28806 |
ALCALA DE HENARES |
Madrid |
|
CARRETERA AJALVIR |
28806 |
ALCALA DE HENARES |
Madrid |
There are 2 former branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 5 members (latest
change: 29/01/2013) Other Positions : 9 (latest change:
02/05/2013) Auditor : 1 (latest change:
02/02/2011) Operative Board Members : 4 (latest
change: 13/06/2013) Non-current positions : 40 (latest change:
02/05/2013) |
|
|
MAIN BOARD MEMBERS, DIRECTORS AND AUDITOR
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
WIESENFELD ITZHAK |
31/01/2007 |
|
MEMBER OF THE BOARD |
HELGERS FRANCISCUS, A. |
03/06/2011 |
|
MEMBER OF THE BOARD |
HARDING, WILLIAM |
29/01/2013 |
|
SECRETARY |
GILMAS LABORDE, ALVARO |
11/10/2011 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
PRICEWATERHOUSECOOPERS AUDITORES SL |
02/02/2011 |
There are 15 board members, directors and auditors
registered
|
POSITION |
NAME AND SURNAME |
|
General Manager |
LIBANO, GONZALO |
|
Financial Manager |
GILMAS LABORDE, ALVARO |
|
Commercial Director |
GOICOECHEA, JON |
|
Exports Director |
GARMENDIA, JON |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ASSA ABLOY FRANCE SAS |
FRANCE |
100,00 |
OWN SOURCES |
13/06/2013 |
There are 1 direct financial links through
shareholders registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ASSA ABLOY |
SWEDEN |
100,00 |
B.O.R.M.E. |
10/05/2002 |
|
|
VACHETTE |
FRANCE |
100,00 |
MERCANTILE REGISTER |
31/12/2001 |
|
|
TALLERES AGUI SA |
A20065744 |
40,00 |
MERCANTILE REGISTER |
31/12/2005 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
TALLERES AGUI SA |
A20065744 |
40,00 |
OWN SOURCES |
07/06/2013 |
There are 1 direct financial links through participations
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
DISQUIN SA |
FRANCE |
100,00 |
MERCANTILE REGISTER |
31/12/2010 |
|
|
TESA SECURITY SYSTEMS INC |
UNITED STATES |
100,00 |
MERCANTILE REGISTER |
31/12/2010 |
|
|
TESA SECURITE FRANCE |
FRANCE |
100,00 |
MERCANTILE REGISTER |
31/12/2010 |
You can obtain business information of foreign companies
POTENTIAL LINKS
Search Criterion: ”TALLERES DE ESCORIAZA SA”
URL: www.interempresas.net
Talleres de Escoriaza, S.A.U. - Grupo Assa Abloy (TESA ...
Información de la empresa “Talleres
de Escoriaza, S.A.U. - Grupo Assa Abloy ( TESA)”. Se incluyen: datos de contacto (señas) , líneas de
producto o servicio, ...
URL: www.tesa.es
TESA - Cerraduras y sistemas de control de accesos
SMARTair Control de Accesos · HOTEL. ASSA ABLOY, el líder global en soluciones
de cierre. © 2013 Talleres de Escoriaza, S.A.U. | Legal | Cookies | Contacto
...
URL: wikimapia.org
TESA (Talleres de Escoriaza S.A.) - Irun - Wikimapia
TESA (Talleres de Escoriaza S.A.) Cerrajería. Cerraduras de pomos; cerraduras y
sistemas alta seguridad; cerraduras para carpintería de madera y carpintería
...
BUSINESS INFORMATION
Incorporation date: 01/06/1999
Code: 1316200
Activity: Mfg. of hardware and locksmith s
store products
NACE 2009 CODE: 2572
NACE 2009 Activity: Manufacture of locks and hinges
Business: FABRICACION, MANTENIMIENTO, ENSAMBLADO,
INSTALACION COMERCIALIZACION, IMPORTACION, EXPORTACION Y DISTRIBUCION DE
ARTICULOS DE CERRAJERIA, EN ESPECIAL CERRADURAS ELECTRONICAS Y SUS COMPONENTES.
Activity description: Fababricación
de cerraduras y sistemas de control de acceso.
Employees
Latest employees figure: 550 (2013)
% of fixed employees: 100,00%
% of men: 72,07%
% of women: 27,93%
Source: Annual financial
report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
320 |
124 |
PURCHASES
Import Percentage: 34%
Imports from: UNIÓN EUROPEA Y OTROS PAÍSES
National Distribution: 66%
SALES
Export Percentage: 40%
Exports to: EUROPA, LATINOAMERICA, NORTE DE AFRICA
Y ORIENTE MEDIO
National Distribution: 60%
CLIENTS
|
BUSINESS
NAME |
INTERNATIONAL |
|
FACUNDO
CUENCA E HIJOS SL |
NO |
|
FER
& PALSE |
NO |
There are 2 Clients.
•
El 71% de su cifra de negocio
corresponde a los cilindros y cerraduras electromecánicas.
•
El 29% de su cifra de negocio
corresponde a otros sistemas de apertura.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
6668 |
AV. LIBERTAD, 17-19 |
DONOSTIA-SAN SEBASTIAN |
Gipuzkoa |
|
DEUTSCHE BANK, S.A.E. |
|
|
MADRID |
|
There are 2 bank entities registered
Grants
|
|
|
|
Grant type: Other grants (grouped amounts or
not classified) |
Amount received in the exercise:
678.000,00 € Amount pending
collection: 533.000,00 € Source:
Filed Accounts (2011) |
|
|
|
|
Grant type: Other grants (grouped amounts or
not classified) Granting year:
2011 |
Nominal amount: 582.000,00 € Amount received
in the exercise: 582.000,00 € Amount pending
collection: 0,00 € Source:
Filed Accounts (2011) |
|
Operation description: Destinadas a trabajos de
formación, investigación, desarrollo e innovación |
|
|
|
|
There are 2 grants registered
Brands
FORMER NAMES:
•
ASSA ABLOY IBERICA S.A.
•
ASSA ABLOY IBERICA S.L.
Brand name: T (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 17/12/2012
Brand name: DORLAK (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 15/05/2009
Brand name: TESA (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 15/05/2009
Brand name: SECURITESA (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 15/05/2009
Brand name: IDASA (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 15/05/2009
There are 99 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 01/06/1999
Register town: Gipuzkoa
Announcement number: 248664
Share capital: 5.000 €
Legal form: Sole Corporation
Share capital: 34.100.000,00 €
Paid-up capital: 34.100.000,00 €
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: 24/01/2003)
Acts on administrators: 61 (Last:
09/05/2013, first: 13/07/1999)
Acts on capital: 4 (Last:
04/09/2002, first: 13/07/1999)
Acts on creation: 1 (Last: 13/07/1999)
Acts on filed accounts: 11 (Last:
08/03/2011, first: 19/12/2000)
Acts on identification: 3 (Last:
24/01/2003, first: 10/01/2003)
Acts on Information: 5 (Last:
24/01/2003, first: 13/07/1999)
Acts on proceedings: 4 (Last:
14/05/2010, first: 16/07/2002)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
09/05/2013 |
213927 |
Gipuzkoa |
|
Resignations |
09/05/2013 |
213926 |
Gipuzkoa |
|
Appointments |
05/02/2013 |
56818 |
Gipuzkoa |
|
Resignations |
05/02/2013 |
56818 |
Gipuzkoa |
|
Re-elections |
08/01/2013 |
6844 |
Gipuzkoa |
|
Re-elections |
12/11/2012 |
461260 |
Gipuzkoa |
|
Re-elections |
23/07/2012 |
308631 |
Gipuzkoa |
|
Appointments |
16/05/2012 |
207010 |
Gipuzkoa |
|
Appointments |
20/02/2012 |
82757 |
Gipuzkoa |
|
Resignations |
20/02/2012 |
82756 |
Gipuzkoa |
There are 90 acts registered
PRESS ARTICLES
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 6 (Last: 18/06/2013, first:
01/05/2008)
Financial Information: 1 (Last: 16/02/2008)
Negative information: 0
Business lines: 1 (Last: 27/10/2008)
Historical press releases: 29 (Last:
27/11/2007, first: 14/07/1999)
Latest press article published
18/06/2013 EXPANSIÓN DEL PAIS
VASCO - AGREEMENTS BETWEEN COMPANIES
Las firmas vascas BURDINOLA, B. LUX, OFITA, PREMO, PRODEMA,
SELLEX y TESA han optado por impulsar su proyección internacional sumando
fuerzas con la creación del consorcio IHOMBI GROUP, especializado en equipar el
interior de hospitales. Estas 7 cías. han contado con la coordinación del
clúster Habic, que reúne a un centenar de cías. dedicadas al sector del
hábitat, madera y oficina, y que ha identificado la complementariedad de las 7
asociadas para posteriormente asesorarles en el proceso de constitución de la
nueva empresa.
Las empresas que conforman el nuevo consorcio suman unos 600
empleos y una facturación de más de 180 millones de euros.
15/03/2012 EMPRESA
XXI (Page 15) GENERAL INFORMATION
La cooperativa vizcaína MAIER lidera el proyecto Etorgai
ITXURA15 con el fin de desarrollar y crear nuevos productos de altas
prestaciones estéticas y funcionales sobre piezas plásticas a través de la
combinación de novedosas técnicas de decoración. El consorcio de empresas
participadas pretende completar la cadena de valor de los nuevos productos
objeto, de manera que se cubran los diferentes ámbitos de actuación implicados
en la elaboración de esos sistemas. El consorcio liderado por MAIER está
formado por las empresas ATOTECH ESPAÑA, TALLERES ESCORIAZA, INDUSTRIAS
QUÍMICAS IRURENA, INDUSTRIAS GOINI y METALÚRGICA MARINA.
15/01/2009 DEIA - CORPORATE
INFORMATION
LA DIRECCION DE LA EMPRESA TESA, CON PLANTAS EN ESKORIATZA E
IRUN, AFIRMO EL14/01/09 QUE EL ERE DE SUSPENSION TEMPORAL DE CONTRATOS PRESENTADOS
PARA 6 MESES AFECTA SOLO A 183 DE LOS 575 EMPLEADOS EN TALLERES DE
ESCORIAZA.
14/01/2009 CINCO DIAS - CORPORATE
INFORMATION
TESA, LA MARCA DE CERRADURAS PARA PUERTAS Y DE SISTEMAS DE
BLOQUEO, HA PRESENTADO UN ERE PARA EL 45% DE LOS TRABAJADORES DE SUS FABRICAS
EN IRUN Y ESKORIATZA, AMBAS EN GUIPUZCOA. LA MEDIDA AFECTA A 220 PERSONAS Y
DEJA SIN ACTIVIDAD AL CENTRO DE ESKORIATZA.
27/10/2008 DEIA - BUSINESS PRIZES
TESA RECIBE EL PRIMER PREMIO MEDIOAMBIENTAL DE LA COMARCA
DEL BIDADOSA.
There are 37 press articles registered for this
company
COMPLEMENTARY INFORMATION
Current situation
Según Borme Sección II de fecha 23/3/10 esta sociedad se
encuentra en proceso de absorber a AZBE B ZUBIA SA NIF A20020004
Financial Information
El balance cerrado a 31/12/2009 (Deposito 2009) esta
disponible en, pero existen datos en los nuevos estados contables
incorrectamente presentados.
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 11/01/2013.
SITUATION BALANCE-SHEET
ASSETS
Figures given in thousands €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
86.012,00 |
54,03 |
88.298,00 |
54,42 |
88.366,00 |
55,29 |
|
I. Intangible assets |
49.348,00 |
31,00 |
49.365,00 |
30,43 |
48.881,00 |
30,59 |
|
3. Patents, licences , trademarks and similars |
10,00 |
0,01 |
10,00 |
0,01 |
10,00 |
0,01 |
|
4. Goodwill |
49.202,00 |
30,91 |
49.202,00 |
30,32 |
48.705,00 |
30,47 |
|
5. Software |
136,00 |
0,09 |
153,00 |
0,09 |
166,00 |
0,10 |
|
II. Tangible fixed assets |
17.389,00 |
10,92 |
21.316,00 |
13,14 |
24.426,00 |
15,28 |
|
1. Property, plant and equipment |
9.472,00 |
5,95 |
9.833,00 |
6,06 |
10.135,00 |
6,34 |
|
2. Technical fittings and other tangible assets |
7.661,00 |
4,81 |
9.959,00 |
6,14 |
10.310,00 |
6,45 |
|
3. Fixed assets in progress and advances |
256,00 |
0,16 |
1.524,00 |
0,94 |
3.981,00 |
2,49 |
|
III. Real-estate investments |
691,00 |
0,43 |
691,00 |
0,43 |
1.845,00 |
1,15 |
|
1. Lands |
691,00 |
0,43 |
691,00 |
0,43 |
1.442,00 |
0,90 |
|
2. Buildings |
|
|
|
|
403,00 |
0,25 |
|
IV. Long term investments in associated and affiliated
companies |
1.456,00 |
0,91 |
1.456,00 |
0,90 |
1.456,00 |
0,91 |
|
1. Net worth instruments |
1.456,00 |
0,91 |
1.456,00 |
0,90 |
1.456,00 |
0,91 |
|
V. Long Term Financial Investments |
1.111,00 |
0,70 |
453,00 |
0,28 |
22,00 |
0,01 |
|
2. Credits to third parties |
1.095,00 |
0,69 |
428,00 |
0,26 |
|
|
|
5. Other financial assets |
16,00 |
0,01 |
25,00 |
0,02 |
22,00 |
0,01 |
|
VI. Assets by deferred taxes |
16.017,00 |
10,06 |
15.017,00 |
9,26 |
11.736,00 |
7,34 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
73.179,00 |
45,97 |
73.953,00 |
45,58 |
71.454,00 |
44,71 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
10.899,00 |
6,85 |
11.562,00 |
7,13 |
11.420,00 |
7,15 |
|
1. Goods available for sale |
1.835,00 |
1,15 |
2.207,00 |
1,36 |
1.263,00 |
0,79 |
|
2. Raw material inventory |
2.354,00 |
1,48 |
3.177,00 |
1,96 |
4.329,00 |
2,71 |
|
3. Work in Progress |
4.124,00 |
2,59 |
3.352,00 |
2,07 |
3.486,00 |
2,18 |
|
b) Short production cycle |
4.124,00 |
2,59 |
3.352,00 |
2,07 |
3.486,00 |
2,18 |
|
4. Finished goods |
2.150,00 |
1,35 |
2.174,00 |
1,34 |
2.113,00 |
1,32 |
|
b) Short production cycle |
2.150,00 |
1,35 |
2.174,00 |
1,34 |
2.113,00 |
1,32 |
|
6. Pre-payments to suppliers |
436,00 |
0,27 |
652,00 |
0,40 |
229,00 |
0,14 |
|
III. Trade Debtors and other receivable accounts |
18.904,00 |
11,88 |
22.648,00 |
13,96 |
22.214,00 |
13,90 |
|
1. Clients |
17.440,00 |
10,96 |
21.618,00 |
13,32 |
20.364,00 |
12,74 |
|
b) Clients for sales and short term
services rendering |
17.440,00 |
10,96 |
21.618,00 |
13,32 |
20.364,00 |
12,74 |
|
2. Clients group and associated companies |
900,00 |
0,57 |
719,00 |
0,44 |
1.391,00 |
0,87 |
|
3. Other debts |
463,00 |
0,29 |
207,00 |
0,13 |
367,00 |
0,23 |
|
4. Staff |
93,00 |
0,06 |
104,00 |
0,06 |
92,00 |
0,06 |
|
6. Other credits with the Public Administrations |
8,00 |
0,01 |
|
|
|
|
|
IV. Short term investments in associated and affiliated
companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
47,00 |
0,03 |
81,00 |
0,05 |
89,00 |
0,06 |
|
VII. Cash and equivalents |
43.329,00 |
27,22 |
39.662,00 |
24,44 |
37.731,00 |
23,61 |
|
1. Treasury |
227,00 |
0,14 |
549,00 |
0,34 |
586,00 |
0,37 |
|
2. Other cash equivalents |
43.102,00 |
27,08 |
39.113,00 |
24,11 |
37.145,00 |
23,24 |
|
TOTAL ASSETS (A + B) |
159.191,00 |
100,00 |
162.251,00 |
100,00 |
159.820,00 |
100,00 |
NET WORTH AND LIABILITIES
Figures given in thousands €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NET WORTH |
131.085,00 |
82,34 |
133.669,00 |
82,38 |
133.098,00 |
83,28 |
|
A-1) Equity |
130.552,00 |
82,01 |
132.991,00 |
81,97 |
132.274,00 |
82,76 |
|
I. Capital |
34.100,00 |
21,42 |
34.100,00 |
21,02 |
34.100,00 |
21,34 |
|
1. Authorized capital |
34.100,00 |
21,42 |
34.100,00 |
21,02 |
34.100,00 |
21,34 |
|
II. Issue premium |
116.942,00 |
73,46 |
118.298,00 |
72,91 |
119.900,00 |
75,02 |
|
III. Reserves |
6.943,00 |
4,36 |
4.870,00 |
3,00 |
3.268,00 |
2,04 |
|
1. Legal and statutory |
72,00 |
0,05 |
|
|
|
|
|
2. Other funds |
6.871,00 |
4,32 |
4.870,00 |
3,00 |
3.268,00 |
2,04 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-24.994,00 |
-15,70 |
-24.994,00 |
-15,40 |
-17.120,00 |
-10,71 |
|
2. (Prior years losses) |
-24.994,00 |
-15,70 |
-24.994,00 |
-15,40 |
-17.120,00 |
-10,71 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
-2.439,00 |
-1,53 |
717,00 |
0,44 |
-7.874,00 |
-4,93 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related liabilities,
maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
533,00 |
0,33 |
678,00 |
0,42 |
824,00 |
0,52 |
|
B) NON CURRENT LIABILITIES |
6.238,00 |
3,92 |
4.382,00 |
2,70 |
3.011,00 |
1,88 |
|
I. Long term provisions |
770,00 |
0,48 |
850,00 |
0,52 |
850,00 |
0,53 |
|
4. Other provisions |
770,00 |
0,48 |
850,00 |
0,52 |
850,00 |
0,53 |
|
II. Long term debts |
1.516,00 |
0,95 |
438,00 |
0,27 |
10,00 |
0,01 |
|
5. Other financial liabilities |
1.516,00 |
0,95 |
438,00 |
0,27 |
10,00 |
0,01 |
|
III. Long term debts with associated and affiliated
companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
3.952,00 |
2,48 |
3.094,00 |
1,91 |
2.151,00 |
1,35 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
21.868,00 |
13,74 |
24.200,00 |
14,92 |
23.711,00 |
14,84 |
|
I. Liabilities related with non-current assets maintained
for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
38,00 |
0,02 |
|
|
|
III. Short term debts |
294,00 |
0,18 |
142,00 |
0,09 |
386,00 |
0,24 |
|
5. Other financial liabilities |
294,00 |
0,18 |
142,00 |
0,09 |
386,00 |
0,24 |
|
IV. Short term debts with associated and affiliated
companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
21.347,00 |
13,41 |
23.869,00 |
14,71 |
23.215,00 |
14,53 |
|
1. Suppliers |
9.189,00 |
5,77 |
13.773,00 |
8,49 |
13.515,00 |
8,46 |
|
b) Short term suppliers |
9.189,00 |
5,77 |
13.773,00 |
8,49 |
13.515,00 |
8,46 |
|
2. Suppliers group and associated companies |
668,00 |
0,42 |
662,00 |
0,41 |
1.526,00 |
0,95 |
|
3. Different creditors |
6.808,00 |
4,28 |
5.124,00 |
3,16 |
4.174,00 |
2,61 |
|
4. Staff (pending remunerations) |
2.581,00 |
1,62 |
2.930,00 |
1,81 |
2.792,00 |
1,75 |
|
6. Other debts with Public Administrations |
1.007,00 |
0,63 |
1.307,00 |
0,81 |
1.146,00 |
0,72 |
|
7. Clients pre-payments |
1.094,00 |
0,69 |
73,00 |
0,04 |
62,00 |
0,04 |
|
VI. Short term periodifications |
227,00 |
0,14 |
151,00 |
0,09 |
110,00 |
0,07 |
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
159.191,00 |
100,00 |
162.251,00 |
100,00 |
159.820,00 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in thousands €
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
84.690,00 |
99,06 |
92.800,00 |
98,83 |
84.699,00 |
99,12 |
|
A) Sales |
83.623,00 |
97,81 |
92.056,00 |
98,03 |
84.102,00 |
98,42 |
|
b) Services provided |
1.067,00 |
1,25 |
744,00 |
0,79 |
597,00 |
0,70 |
|
2. Variation in stocks of finished goods and work in
progress |
1.163,00 |
1,36 |
-260,00 |
-0,28 |
-1.165,00 |
-1,36 |
|
3. Works for its own assets |
224,00 |
0,26 |
200,00 |
0,21 |
279,00 |
0,33 |
|
4. Supplies |
-36.090,00 |
-42,21 |
-38.019,00 |
-40,49 |
-35.808,00 |
-41,90 |
|
a) Material consumed |
-7.193,00 |
-8,41 |
-8.590,00 |
-9,15 |
-7.032,00 |
-8,23 |
|
b) Raw materials consumed |
-22.618,00 |
-26,46 |
-23.061,00 |
-24,56 |
-21.874,00 |
-25,60 |
|
c) Works carried out for other companies |
-5.881,00 |
-6,88 |
-6.867,00 |
-7,31 |
-6.104,00 |
-7,14 |
|
d) Deterioration on merchandises, raw materials and other
supplies |
-398,00 |
-0,47 |
499,00 |
0,53 |
-798,00 |
-0,93 |
|
5. Other operating income |
582,00 |
0,68 |
903,00 |
0,96 |
477,00 |
0,56 |
|
b) Operating grants included in the exercise result |
582,00 |
0,68 |
903,00 |
0,96 |
477,00 |
0,56 |
|
6. Labour cost |
-34.600,00 |
-40,47 |
-35.191,00 |
-37,48 |
-36.009,00 |
-42,14 |
|
a) Wages and similar expenses |
-28.390,00 |
-33,21 |
-28.856,00 |
-30,73 |
-29.370,00 |
-34,37 |
|
b) Social costs |
-6.210,00 |
-7,26 |
-6.335,00 |
-6,75 |
-6.639,00 |
-7,77 |
|
7. Other operating costs |
-13.871,00 |
-16,22 |
-16.217,00 |
-17,27 |
-15.514,00 |
-18,15 |
|
a) External services |
-13.351,00 |
-15,62 |
-14.967,00 |
-15,94 |
-13.972,00 |
-16,35 |
|
b) Taxes |
-165,00 |
-0,19 |
-157,00 |
-0,17 |
-145,00 |
-0,17 |
|
c) Losses, deterioration and variation on business
operations provisions |
-355,00 |
-0,42 |
-1.093,00 |
-1,16 |
-1.397,00 |
-1,63 |
|
8. Amortization of fixed assets |
-3.535,00 |
-4,13 |
-3.634,00 |
-3,87 |
-3.843,00 |
-4,50 |
|
9. Allocation of subventions on non financial investments
and other |
202,00 |
0,24 |
203,00 |
0,22 |
205,00 |
0,24 |
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
-1.320,00 |
-1,54 |
175,00 |
0,19 |
-258,00 |
-0,30 |
|
a) Deteriorations and losses |
-1.320,00 |
-1,54 |
-539,00 |
-0,57 |
|
|
|
b) Results for disposals and others |
|
|
714,00 |
0,76 |
-258,00 |
-0,30 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
|
|
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 +
10 + 11 + 12 + 13) |
-2.555,00 |
-2,99 |
960,00 |
1,02 |
-6.937,00 |
-8,12 |
|
14. Financial income |
642,00 |
0,75 |
172,00 |
0,18 |
318,00 |
0,37 |
|
b) From negotiable values and other financial instruments |
642,00 |
0,75 |
172,00 |
0,18 |
318,00 |
0,37 |
|
b 1) From group and associated companies |
642,00 |
0,75 |
172,00 |
0,18 |
318,00 |
0,37 |
|
15. Financial expenses |
-54,00 |
-0,06 |
-90,00 |
-0,10 |
-34,00 |
-0,04 |
|
b) For debts with third parties |
-54,00 |
-0,06 |
-90,00 |
-0,10 |
-34,00 |
-0,04 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
43,00 |
0,05 |
89,00 |
0,09 |
5,00 |
0,01 |
|
18. Deterioration and result for disposal of financial
instruments |
-600,00 |
-0,70 |
|
|
-1.997,00 |
-2,34 |
|
a) Deteriorations and losses |
-600,00 |
-0,70 |
|
|
-1.997,00 |
-2,34 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
31,00 |
0,04 |
171,00 |
0,18 |
-1.708,00 |
-2,00 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
-2.524,00 |
-2,95 |
1.131,00 |
1,20 |
-8.645,00 |
-10,12 |
|
20. Taxes on profits |
85,00 |
0,10 |
-414,00 |
-0,44 |
771,00 |
0,90 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3
+ 20) |
-2.439,00 |
-2,85 |
717,00 |
0,76 |
-7.874,00 |
-9,21 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued
operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
-2.439,00 |
-2,85 |
717,00 |
0,76 |
-7.874,00 |
-9,21 |
NET WORTH CHANGES STATUS
STATUS OF RECOGNIZED
INCOME AND EXPENSES
Figures given in thousands €
|
NET WORTH CHANGES (1/3) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
-2.439,00 |
717,00 |
-7.874,00 |
|
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 |
-202,00 |
-203,00 |
-205,00 |
|
XI. Non-current assets and related liabilities, maintained
for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
57,00 |
57,00 |
57,00 |
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII +
IX + X + XI+ XII+ XIII) |
-145,00 |
-146,00 |
-148,00 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
-2.584,00 |
571,00 |
-8.022,00 |
TOTAL NET WORTH
CHANGES STATUS
Figures given in thousands €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
RESULTS FROM PREVIOUS
EXERCISES |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
34.100,00 |
119.900,00 |
|
-24.419,00 |
|
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) |
34.100,00 |
119.900,00 |
|
-24.419,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
3.268,00 |
7.299,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
34.100,00 |
119.900,00 |
3.268,00 |
-17.120,00 |
|
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) |
34.100,00 |
119.900,00 |
3.268,00 |
-17.120,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
-1.602,00 |
1.602,00 |
-7.874,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
34.100,00 |
118.298,00 |
4.870,00 |
-24.994,00 |
|
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) |
34.100,00 |
118.298,00 |
4.870,00 |
-24.994,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
-1.356,00 |
2.073,00 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
34.100,00 |
116.942,00 |
6.943,00 |
-24.994,00 |
|
NET WORTH CHANGES ( 3 /3) |
EXERCISE RESULT |
RECEIVED LEGACIES, GRANTS AND
SUBVENTIONS |
TOTAL |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
10.567,00 |
972,00 |
141.120,00 |
|
|
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) |
10.567,00 |
972,00 |
141.120,00 |
|
|
I. Total recognized income and expenses |
-7.874,00 |
-148,00 |
-8.022,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-10.567,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
-7.874,00 |
824,00 |
133.098,00 |
|
|
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) |
-7.874,00 |
824,00 |
133.098,00 |
|
|
I. Total recognized income and expenses |
717,00 |
-146,00 |
571,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
7.874,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
717,00 |
678,00 |
133.669,00 |
|
|
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) |
717,00 |
678,00 |
133.669,00 |
|
|
I. Total recognized income and expenses |
-2.439,00 |
-145,00 |
-2.584,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-717,00 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
-2.439,00 |
533,00 |
131.085,00 |
|
CASH FLOW STATUS
Figures given in thousands €
|
|
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
-2.524,00 |
1.131,00 |
-8.645,00 |
|
2. Results adjustments |
4.657,00 |
3.679,00 |
7.804,00 |
|
a) Amortization of fixed assets (+) |
3.535,00 |
3.634,00 |
3.843,00 |
|
b) Value correction for deterioration (+/-) |
2.673,00 |
1.133,00 |
2.458,00 |
|
c) Change of Provisions (+/-) |
-718,00 |
|
30,00 |
|
d) Grants allocation (-) |
-202,00 |
-203,00 |
-205,00 |
|
e) Results for decline and disposal of fixed assets (+/-) |
|
-714,00 |
-5,00 |
|
g) Financial income (-) |
-642,00 |
-172,00 |
-318,00 |
|
f) Financial expenses (+) |
54,00 |
90,00 |
34,00 |
|
i) Change difference (+/-) |
-43,00 |
-89,00 |
|
|
j) Reasonable value variation on financial instruments
(+/-) |
|
|
1.997,00 |
|
3. Changes in current capital |
1.365,00 |
2.873,00 |
2.670,00 |
|
a) Stocks (+/-) |
265,00 |
1.520,00 |
1.970,00 |
|
b) Debtors and other receivable accounts (+/-) |
3.389,00 |
1.790,00 |
4.228,00 |
|
c) Other current assets (+/-) |
34,00 |
14,00 |
-49,00 |
|
d) Creditors and other payable accounts (+/-) |
-2.522,00 |
-369,00 |
-3.521,00 |
|
e) Other current liabilities (+/-) |
199,00 |
-82,00 |
42,00 |
|
4. Other cash flow coming from operating activities |
622,00 |
177,00 |
289,00 |
|
a) Interests payments (-) |
-54,00 |
-90,00 |
-34,00 |
|
c) Interests collections (+) |
642,00 |
172,00 |
318,00 |
|
e) Other payments (collections) (-/+) |
34,00 |
95,00 |
5,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 +
4) |
4.120,00 |
7.860,00 |
2.118,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-1.427,00 |
-1.627,00 |
-2.320,00 |
|
c) Tangible assets |
-759,00 |
-1.199,00 |
-2.320,00 |
|
e) Other financial assets |
-668,00 |
-428,00 |
|
|
7. Disinvestment collections (+) |
|
1.843,00 |
|
|
d) Real state investments |
|
1.843,00 |
|
|
8. Cash Flow in investment activities (6 + 7) |
-1.427,00 |
216,00 |
-2.320,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
|
|
10. Financial liabilities instruments collections and payments |
974,00 |
-6.176,00 |
|
|
a) Issue |
974,00 |
551,00 |
|
|
5. Other debts (+) |
974,00 |
551,00 |
|
|
b) Return and amortization of |
|
-6.727,00 |
|
|
3. Debts with group and associated
companies (-) |
|
-6.727,00 |
|
|
11. Payments for dividends and remunerations of other net
worth instruments |
|
|
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
974,00 |
-6.176,00 |
|
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 +
12 + D) |
3.667,00 |
1.900,00 |
-202,00 |
|
Cash or equivalents at the beginning of the exercise |
39.662,00 |
37.731,00 |
37.933,00 |
|
Cash or equivalents at the end of the exercise |
43.329,00 |
39.662,00 |
37.731,00 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
51.311,00 |
3,13 |
49.753,00 |
4,21 |
47.743,00 |
|
Working capital ratio |
0,32 |
3,23 |
0,31 |
3,33 |
0,30 |
|
Soundness Ratio |
1,52 |
0,66 |
1,51 |
0,67 |
1,50 |
|
Average Collection Period (days) |
80 |
-8,61 |
88 |
-6,87 |
94 |
|
Average Payment Period (days) |
154 |
-2,95 |
158 |
-2,65 |
163 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
334,64 |
9,51 |
305,59 |
1,41 |
301,35 |
|
Quick Ratio (%) |
198,14 |
20,90 |
163,89 |
2,99 |
159,13 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
1,14 |
216,67 |
0,36 |
44,00 |
0,25 |
|
External Financing Average Cost |
0,03 |
-81,25 |
0,16 |
77,78 |
0,09 |
|
Debt Service Coverage |
0,44 |
528,57 |
0,07 |
-63,16 |
0,19 |
|
Interest Coverage |
-47,32 |
-543,39 |
10,67 |
105,23 |
-204,03 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
4,86 |
-42,50 |
8,47 |
238,80 |
2,50 |
|
Auto financing generated by Assets (%) |
2,59 |
-46,49 |
4,84 |
263,91 |
1,32 |
|
Breakdown Point |
0,97 |
-3,96 |
1,01 |
9,78 |
0,92 |
|
Average Sales Volume per Employee |
179,81 |
-2,73 |
184,86 |
15,67 |
159,81 |
|
Average Cost per Employee |
73,46 |
4,79 |
70,10 |
3,18 |
67,94 |
|
Assets Turnover |
0,53 |
-7,02 |
0,57 |
7,55 |
0,53 |
|
Inventory Turnover (days) |
109 |
-0,66 |
109 |
-4,70 |
115 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
-1,60 |
-371,19 |
0,59 |
113,59 |
-4,34 |
|
Operating Profitability (%) |
-0,21 |
-107,14 |
2,94 |
240,00 |
-2,10 |
|
Return on Equity (ROE) (%) |
-1,93 |
-327,06 |
0,85 |
113,00 |
-6,54 |
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 |
54,03 |
52,27 |
1,76 |
|
A) CURRENT ASSETS |
45,97 |
47,73 |
-1,76 |
|
LIABILITIES |
|||
|
A) NET WORTH |
82,34 |
69,46 |
12,88 |
|
B) NON CURRENT LIABILITIES |
3,92 |
9,73 |
-5,81 |
|
C) CURRENT LIABILITIES |
13,74 |
20,80 |
-7,06 |
|
|
|
|
|
RESULTS ANALYTICAL
ACCOUNT
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,06 |
98,24 |
0,82 |
|
Other operating income |
0,94 |
1,76 |
-0,82 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-42,21 |
-49,07 |
6,86 |
|
Variation in stocks of finished goods and work in progress |
1,36 |
0,26 |
1,10 |
|
GROSS MARGIN |
59,15 |
51,19 |
7,96 |
|
Other operating costs |
-16,22 |
-14,84 |
-1,38 |
|
Labour cost |
-40,47 |
-26,96 |
-13,51 |
|
GROSS OPERATING RESULT |
2,45 |
9,38 |
-6,93 |
|
Amortization of fixed assets |
-4,13 |
-3,70 |
-0,43 |
|
Deterioration and result for fixed assets disposal |
-1,54 |
-0,33 |
-1,21 |
|
Other expenses / income |
|
0,15 |
|
|
NET OPERATING RESULT |
-2,99 |
5,49 |
-8,48 |
|
Financial result |
0,04 |
-0,62 |
0,66 |
|
RESULT BEFORE TAX |
-2,95 |
4,88 |
-7,83 |
|
Taxes on profits |
0,10 |
-1,05 |
1,15 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
-2,85 |
3,82 |
-6,67 |
|
Exercise result coming from discontinued operations net of
taxes |
|
0,00 |
|
|
NET RESULT |
-2,85 |
3,82 |
-6,67 |
|
Amortization of fixed assets |
-4,13 |
-3,70 |
-0,43 |
|
Deterioration and provisions variation |
-2,42 |
-1,25 |
-1,17 |
|
|
3,71 |
8,78 |
-5,07 |
MAIN RATIOS
Figures given in thousands €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
51.311,00 |
1.075,19 |
3.697,94 |
12.116,39 |
|
Working capital ratio |
0,32 |
0,07 |
0,34 |
0,40 |
|
Soundness Ratio |
1,52 |
1,26 |
1,60 |
1,78 |
|
Average Collection Period (days) |
80 |
77 |
84 |
97 |
|
Average Payment Period (days) |
154 |
72 |
92 |
141 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
334,64 |
109,88 |
206,84 |
332,42 |
|
Quick Ratio (%) |
198,14 |
4,78 |
13,13 |
102,35 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
1,14 |
9,67 |
16,78 |
40,82 |
|
External Financing Average Cost |
0,03 |
0,03 |
0,03 |
0,05 |
|
Debt Service Coverage |
0,44 |
0,54 |
3,52 |
6,48 |
|
Interest Coverage |
-47,32 |
-7,62 |
1,38 |
8,87 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
4,86 |
1,43 |
4,01 |
11,17 |
|
Auto financing generated by Assets (%) |
2,59 |
1,43 |
4,14 |
7,17 |
|
Breakdown Point |
0,97 |
0,97 |
1,03 |
1,11 |
|
Average Sales Volume per Employee |
179,81 |
117,23 |
179,15 |
213,20 |
|
Average Cost per Employee |
73,46 |
33,89 |
42,38 |
49,68 |
|
Assets Turnover |
0,53 |
0,57 |
0,97 |
1,18 |
|
Inventory Turnover (days) |
109 |
74 |
120 |
176 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
-1,60 |
-2,93 |
2,74 |
5,76 |
|
Operating Profitability (%) |
-0,21 |
1,51 |
4,57 |
9,49 |
|
Return on Equity (ROE) (%) |
-1,93 |
-11,80 |
1,73 |
8,52 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.59.69 |
|
UK Pound |
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.