MIRA
INFORM REPORT
|
Report Date : |
06.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
NUEVAS COLECCIONES JOVIMA SL |
|
|
|
|
Registered Office : |
Avenida Doctor Peset Aleixandre, 1 - Plt 1. Pta D,
46009 Valencia |
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|
|
Country : |
Spain |
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|
|
Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
|
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|
Legal Form : |
Limited Liability Company |
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|
Line of Business : |
Wholesaler of jewellery articles (jewels, watches, etc.) |
|
|
|
|
No. of Employees : |
08 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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
spain's mixed capitalist economy is the 13th largest
in the world, and its per capita income roughly matches that of Germany and
France. However, 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 0.1% in 2010, before turning positive in 2011, making Spain the
last major economy to emerge from the global recession. The reversal in
Spain''s economic growth reflected a significant decline in construction amid
an oversupply of housing and falling consumer spending, while exports actually
have begun to grow. Government efforts to boost the economy through stimulus
spending, extended unemployment benefits, and loan guarantees did not prevent a
sharp rise in the unemployment rate, which rose from a low of about 8% in 2007
to over 20% in 2011. The government budget deficit worsened from 3.8% of GDP in
2008 to 9.2% of GDP in 2010, more than three times the euro-zone limit. Madrid
cut the deficit to 8.5% of GDP in 2011, a larger deficit than the 6% target
negotiated between Spain and the EU. Spain''s large budget deficit and poor
economic growth prospects have made it vulnerable to financial contagion from
other highly-indebted euro zone members despite the government''s efforts to
cut spending, privatize industries, and boost competitiveness through labor
market reforms. Spanish banks'' high exposure to the collapsed domestic
construction and real estate market also poses a continued risk for the sector.
The government oversaw a restructuring of the savings bank sector in 2010, and
provided some $15 billion in capital to various institutions. Investors remain concerned
that Madrid may need to bail out more troubled banks. The Bank of Spain,
however, is seeking to boost confidence in the financial sector by pressuring
banks to come clean about their losses and consolidate into stronger groups.
|
Source : CIA |
Company name
NUEVAS COLECCIONES JOVIMA SL
CIF/NIF: B97510127
Company situation: Active
Answer to the data
in your request
The data of your request have been confirmed and are correct.
EXECUTIVE SUMMARY
Identification
Current Business Name: NUEVAS COLECCIONES JOVIMA SL
Other names: YES
Current Address: AVENIDA DOCTOR
PESET ALEIXANDRE, 1 - PLT 1. PTA D
Telephone number: 963658847 Fax: 963658909
Corporate e-mail: info@ncjovima.com
Trade Risk
Incidents: NO
R.A.I.: NO
Financial
Information
Balance sheet latest sales (2011): 1.441.342,23 €
(Mercantile Register)
Result: 118.746,33 €
Total Assets: 1.254.103,41 €
Share capital: 54.000,00 €
Employees: 8
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 08/10/2004
Activity: Wholesale of
jewellery articles (jewels, watches, etc.)
NACE 2009 CODE: 4648
International Operations: It does not import nor export
Corporate Structure
Sole
Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 23/12/2011 Appointments
Latest press article: No press articles registered for this
company
Bank Entities: There are not
The date when this report was last updated is 01/03/2013.
The information contained in this report has been investigated and
contrasted on 01/03/2013
Financial situation
|
Exercise:2011 |
Evolution |
|||
|
Immediate
liquidity |
|
Good |
|
|
|
Indebtedness |
|
Slight |
|
|
|
Profitability |
|
Good |
|
|
|
Soundness |
|
Excellent |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Superior |
Rating Explanation
Financial situation
•
The company’s financial situation is good.
•
The company’s financial situation evolution has
been stable.
•
The sales evolution has been negative
not the results one, which 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 negative.
Performance and Incidences
•
The available information indicates that the company
does not have payment incidences.
•
He have detected no recent legal actions or claims
from the Administration against this company.
Accounts Filing
•
The company files regularly its accounts.
Reasons of the
last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
30/11/2012 |
Equal |
16 |
•
There has been a change in the formula version. |
|
30/08/2012 |
Equal |
16 |
•
New financial statements have been uploaded. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
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
27/02/2013 08:02:25
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 |
44.474,34 |
3,55 |
55.749,40 |
4,67 |
66.542,48 |
5,43 |
|
B) CURRENT ASSETS |
1.209.629,07 |
96,45 |
1.139.066,62 |
95,33 |
1.158.316,00 |
94,57 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
599.430,21 |
47,80 |
480.683,88 |
40,23 |
370.206,78 |
30,22 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
654.673,20 |
52,20 |
714.132,14 |
59,77 |
854.651,70 |
69,78 |
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 |
1.441.342,23 |
|
1.728.651,48 |
|
1.803.637,13 |
|
|
GROSS MARGIN |
513.901,03 |
35,65 |
521.055,15 |
30,14 |
416.435,48 |
23,09 |
|
EBITDA |
183.352,60 |
12,72 |
188.263,62 |
10,89 |
103.106,63 |
5,72 |
|
EBIT |
168.854,69 |
11,72 |
173.817,78 |
10,06 |
95.720,17 |
5,31 |
|
NET RESULT |
118.746,33 |
8,24 |
110.477,10 |
6,39 |
63.297,06 |
3,51 |
|
EFFECTIVE TAX RATE (%) |
25,00 |
0,00 |
20,69 |
0,00 |
20,00 |
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 |
3,55 |
25,47 |
-21,92 |
|
|
|
|
|
A) CURRENT ASSETS |
96,45 |
74,53 |
21,92 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
47,80 |
38,52 |
9,28 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
14,46 |
|
|
|
|
|
|
C) CURRENT LIABILITIES |
52,20 |
47,02 |
5,18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
99,16 |
0,84 |
|
|
|
|
|
GROSS MARGIN |
35,65 |
42,45 |
-6,80 |
|
|
|
|
|
EBITDA |
12,72 |
4,38 |
8,34 |
|
|
|
|
|
EBIT |
11,72 |
2,32 |
9,40 |
|
|
|
|
|
NET RESULT |
8,24 |
0,09 |
8,15 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4648
Number of companies: 233
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 |
118.746,33 |
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 |
118.746,33 |
|
Total of Amounts to be distributed |
118.746,33 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
118.746,33 |
Company ADDRESSES
Current Legal Seat Address:
AVENIDA DOCTOR PESET ALEIXANDRE, 1 - PLT 1. PTA D
46009 VALENCIA
Previous Seat Address:
CALLE CIUTAT DE XIXON (PG INDUSTRIAL FUENTE DEL 0) 8
46980 PATERNA
VALENCIA
Characteristics of
the current address
Type of establishment: store
Local Situation: main
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change: 25/11/2011)
Other Positions : 3 (latest change: 14/12/2011)
Operative Board Members : 1 (latest change: 01/03/2013)
Non-current positions : 3 (latest change: 25/11/2011)
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
PEREZ VILLALBA, EFIGENIO |
25/11/2011 |
|
|
|
|
There are 4 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 35.714,28 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
PEREZ, EFIGENIO |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PEREZ JIMENEZ PABLO |
|
Indef. |
OWN SOURCES |
01/03/2013 |
|
|
PEREZ VILLALBA EFIGENIO |
|
Indef. |
OWN SOURCES |
01/03/2013 |
|
|
PEREZ JIMENEZ RAUL |
|
Indef. |
OWN SOURCES |
01/03/2013 |
There are 3 direct financial links through shareholders
registered
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”EFIGENIO PEREZ VILLALBA”
|
COMPANY |
POSITION |
PROVINCE |
|
EUROJOYAS JOVIMA SL |
Administrador |
VALENCIA |
|
COMERCIAL JOVIMA SL (EXTINGUIDA) |
Ex-Administrador |
VALENCIA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”NUEVAS COLECCIONES JOVIMA SL”
URL: www.guias11811.es
Nuevas Colecciones Jovima Sl - Joyería (mayoristas) en Valencia ... Teléfono de
Nuevas Colecciones Jovima Sl | Joyería (mayoristas). Información de contacto de
Nuevas Colecciones Jovima Sl en Valencia, , Provincia de ...
URL: www.boe.es
borme-a-2011-242-46 - BOE.es 23 Dic 2011 ... Viernes 23 de
diciembre de 2011. Pág. 71939 cve: BORME-A-2011-242-46. 513580 - NUEVAS
COLECCIONES JOVIMA SL. Nombramientos.
URL: valencia.infoisinfo.es
Talleres De Joyería En Valencia Molinos Cervera Alfonso · Nuevas
Colecciones Jovima SL ...
BUSINESS INFORMATION
Incorporation date: 08/10/2004
Activity: Wholesale of jewellery articles (jewels, watches,
etc.)
NACE 2009 CODE: 4648
NACE 2009 Activity: Wholesale of watches and jewellery
Business: FABRICACION Y COMERCIALIZACION AL PRO MAYOR Y MENOR
DE ARTICULOS DE JOYERIA Y BISUTERIA, METALES PRECIOSOS, PIEDRAS PRECIOSAS Y
ARTICULOS DE RELOJERIA
Activity description: CIO MAYOR DE ARTICULOS DE JOYERIA Y
BISUTERIA
Latest employees figure: 8 (2013)
% of fixed employees: 100,00%
Employees
evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Senior management |
1 |
|
|
|
Other managers |
2 |
|
|
|
Administrative employees |
6 |
|
|
|
Other qualified employees |
2 |
|
|
COMMERCIAL OPERATIONS
PURCHASES
National Distribution: 100%
•
El 100% de su cifra de negocio corresponde a venta
de mercaderías.
No bank branches registered
Brand name: STATE.INC (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 12/02/2009
Brand name: MUAMUA (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 27/05/2008
Brand name: NCJ (Valid)
Type: JOINT Scope: NATIONAL Date: 28/10/2004
There are 3 brands, signs and commercial names
LEGAL
STRUCTURE
Constitution Data
Register Date: 08/10/2004
Register town: Valencia
Announcement number: 514895
Register data:
Volume 7950, Book 5245, Folio 206, Section 8, Sheet 100108,
Inscription I/A 1 (2004-11-24)
Share capital: 54.000 €
Legal form: Limited Liability Company
Share capital: 54.000,00 €
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: 0
Acts on administrators: 5 (Last: 23/12/2011, first:
10/12/2004)
Acts on capital: 0
Acts on creation: 1 (Last: 10/12/2004)
Acts on filed accounts: 7 (Last: 31/08/2011, first:
15/09/2005)
Acts on identification: 1 (Last: 07/12/2005)
Acts on Information: 2 (Last: 07/12/2011, first:
20/01/2005)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
23/12/2011 |
513580 |
Valencia |
|
Modification of the Articles of Association |
07/12/2011 |
488770 |
Valencia |
|
Appointments |
07/12/2011 |
488770 |
Valencia |
|
Resignations |
07/12/2011 |
488770 |
Valencia |
|
Annual Filed Accounts (2010) |
31/08/2011 |
397770 |
Valencia |
|
Annual Filed Accounts (2009) |
20/08/2010 |
348530 |
Valencia |
|
Annual Filed Accounts (2008) |
24/11/2009 |
940957 |
Valencia |
|
Annual Filed Accounts (2007) |
29/08/2008 |
361151 |
Valencia |
|
Annual Filed Accounts (2006) |
12/12/2007 |
1172938 |
Valencia |
|
Annual Filed Accounts (2005) |
28/11/2006 |
940105 |
Valencia |
There are 16 acts registered
Press articles
No press articles registered for this company
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.
Activity
La actividad concreta es la venta al mayor de metales preciosos y
articulos de joyeria
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 30/08/2012.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
44.474,34 |
3,55 |
55.749,40 |
4,67 |
66.542,48 |
5,43 |
|
I. Intangible assets |
349,82 |
0,03 |
694,82 |
0,06 |
1.039,82 |
0,08 |
|
II. Tangible fixed assets |
44.124,52 |
3,52 |
55.054,58 |
4,61 |
65.502,66 |
5,35 |
|
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 |
1.209.629,07 |
96,45 |
1.139.066,62 |
95,33 |
1.158.316,00 |
94,57 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
551.146,48 |
43,95 |
609.486,74 |
51,01 |
823.812,54 |
67,26 |
|
III. Trade Debtors and other receivable accounts |
296.338,71 |
23,63 |
227.128,62 |
19,01 |
209.681,50 |
17,12 |
|
1. Clients |
287.112,70 |
22,89 |
189.789,25 |
15,88 |
165.615,31 |
13,52 |
|
b) Clients for sales and short term services
rendering |
287.112,70 |
22,89 |
189.789,25 |
15,88 |
165.615,31 |
13,52 |
|
3. Other debtors |
9.226,01 |
0,74 |
37.339,37 |
3,13 |
44.066,19 |
3,60 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
100.000,00 |
8,37 |
58,57 |
0,00 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
362.143,88 |
28,88 |
202.451,26 |
16,94 |
124.763,39 |
10,19 |
|
TOTAL ASSETS (A + B) |
1.254.103,41 |
100,00 |
1.194.816,02 |
100,00 |
1.224.858,48 |
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 |
599.430,21 |
47,80 |
480.683,88 |
40,23 |
370.206,78 |
30,22 |
|
A-1) Equity |
599.430,21 |
47,80 |
480.683,88 |
40,23 |
370.206,78 |
30,22 |
|
I. Capital |
54.000,00 |
4,31 |
54.000,00 |
4,52 |
54.000,00 |
4,41 |
|
1. Authorized capital |
54.000,00 |
4,31 |
54.000,00 |
4,52 |
54.000,00 |
4,41 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
316.206,78 |
25,21 |
316.206,78 |
26,46 |
252.909,72 |
20,65 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
110.477,10 |
8,81 |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
118.746,33 |
9,47 |
110.477,10 |
9,25 |
63.297,06 |
5,17 |
|
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 |
654.673,20 |
52,20 |
714.132,14 |
59,77 |
854.651,70 |
69,78 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
210.982,75 |
16,82 |
227.934,96 |
19,08 |
241.193,27 |
19,69 |
|
3. Other short term debts |
210.982,75 |
16,82 |
227.934,96 |
19,08 |
241.193,27 |
19,69 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
443.690,45 |
35,38 |
486.197,18 |
40,69 |
613.458,43 |
50,08 |
|
1. Suppliers |
190.460,89 |
15,19 |
197.968,65 |
16,57 |
357.321,74 |
29,17 |
|
b) Short term suppliers |
190.460,89 |
15,19 |
197.968,65 |
16,57 |
357.321,74 |
29,17 |
|
2. Other creditors |
253.229,56 |
20,19 |
288.228,53 |
24,12 |
256.136,69 |
20,91 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
1.254.103,41 |
100,00 |
1.194.816,02 |
100,00 |
1.224.858,48 |
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 |
1.441.342,23 |
100,00 |
1.728.651,48 |
100,00 |
1.803.637,13 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-927.441,20 |
-64,35 |
-1.207.596,33 |
-69,86 |
-1.387.201,65 |
-76,91 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-221.295,79 |
-15,35 |
-211.509,78 |
-12,24 |
-184.972,86 |
-10,26 |
|
7. Other operating costs |
-109.252,64 |
-7,58 |
-121.281,75 |
-7,02 |
-128.355,99 |
-7,12 |
|
8. Amortization of fixed assets |
-14.497,91 |
-1,01 |
-14.445,84 |
-0,84 |
-7.386,46 |
-0,41 |
|
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 |
|
|
|
|
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
168.854,69 |
11,72 |
173.817,78 |
10,06 |
95.720,17 |
5,31 |
|
14. Financial income |
1.096,57 |
0,08 |
169,55 |
0,01 |
|
|
|
b) Other financial income |
1.096,57 |
0,08 |
169,55 |
0,01 |
|
|
|
15. Financial expenses |
-6.659,64 |
-0,46 |
-8.056,59 |
-0,47 |
-4.444,68 |
-0,25 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
|
|
|
|
|
18. Deterioration and result for disposal of financial instruments |
-4.963,18 |
-0,34 |
-26.641,44 |
-1,54 |
-12.154,17 |
-0,67 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-10.526,25 |
-0,73 |
-34.528,48 |
-2,00 |
-16.598,85 |
-0,92 |
|
C) RESULT BEFORE TAXES (A + B) |
158.328,44 |
10,98 |
139.289,30 |
8,06 |
79.121,32 |
4,39 |
|
20. Taxes on profits |
-39.582,11 |
-2,75 |
-28.812,20 |
-1,67 |
-15.824,26 |
-0,88 |
|
D) EXERCISE RESULT (C + 20) |
118.746,33 |
8,24 |
110.477,10 |
6,39 |
63.297,06 |
3,51 |
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 |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
54.000,00 |
193.235,95 |
|
59.673,77 |
|
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) |
54.000,00 |
193.235,95 |
|
59.673,77 |
|
I. Total recognized income and expenses |
|
|
|
63.297,06 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
59.673,77 |
|
-59.673,77 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
54.000,00 |
252.909,72 |
|
63.297,06 |
|
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) |
54.000,00 |
252.909,72 |
|
63.297,06 |
|
I. Total recognized income and expenses |
|
|
|
110.477,10 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
63.297,06 |
|
-63.297,06 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
54.000,00 |
316.206,78 |
|
110.477,10 |
|
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) |
54.000,00 |
316.206,78 |
|
110.477,10 |
|
I. Total recognized income and expenses |
|
|
|
118.746,33 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
110.477,10 |
-110.477,10 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
54.000,00 |
316.206,78 |
110.477,10 |
118.746,33 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
306.909,72 |
|
||
|
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) |
306.909,72 |
|
||
|
I. Total recognized income and expenses |
63.297,06 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
370.206,78 |
|
||
|
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) |
370.206,78 |
|
||
|
I. Total recognized income and expenses |
110.477,10 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
480.683,88 |
|
||
|
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) |
480.683,88 |
|
||
|
I. Total recognized income and expenses |
118.746,33 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
599.430,21 |
|
||
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
554.955,87 |
30,60 |
424.934,48 |
39,94 |
303.664,30 |
|
Working capital ratio |
0,44 |
22,22 |
0,36 |
44,00 |
0,25 |
|
Soundness Ratio |
13,48 |
56,38 |
8,62 |
55,04 |
5,56 |
|
Average Collection Period (days) |
74 |
57,25 |
47 |
12,93 |
42 |
|
Average Payment Period (days) |
154 |
16,94 |
132 |
-9,63 |
146 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
184,77 |
15,84 |
159,50 |
17,69 |
135,53 |
|
Quick Ratio (%) |
55,32 |
30,63 |
42,35 |
189,87 |
14,60 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
16,82 |
-11,84 |
19,08 |
-3,10 |
19,69 |
|
External Financing Average Cost |
0,03 |
-25,00 |
0,04 |
100,00 |
0,02 |
|
Debt Service Coverage |
1,58 |
-13,66 |
1,82 |
-46,33 |
3,41 |
|
Interest Coverage |
25,36 |
17,52 |
21,58 |
0,19 |
21,54 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
9,24 |
27,80 |
7,23 |
84,44 |
3,92 |
|
Auto financing generated by Assets (%) |
10,62 |
1,63 |
10,46 |
81,28 |
5,77 |
|
Breakdown Point |
1,13 |
1,80 |
1,11 |
4,72 |
1,06 |
|
Average Sales Volume per Employee |
137.270,69 |
-25,28 |
183.703,66 |
-12,00 |
208.754,30 |
|
Average Cost per Employee |
21.075,79 |
-6,23 |
22.477,13 |
4,99 |
21.408,90 |
|
Assets Turnover |
1,15 |
-20,69 |
1,45 |
-1,36 |
1,47 |
|
Inventory Turnover (days) |
214 |
17,62 |
182 |
-14,98 |
214 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
13,46 |
-7,49 |
14,55 |
86,06 |
7,82 |
|
Operating Profitability (%) |
14,62 |
-7,23 |
15,76 |
87,17 |
8,42 |
|
Return on Equity (ROE) (%) |
26,41 |
-8,87 |
28,98 |
35,61 |
21,37 |
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 |
3,55 |
25,47 |
-21,92 |
|
A) CURRENT ASSETS |
96,45 |
74,53 |
21,92 |
|
LIABILITIES |
|||
|
A) NET WORTH |
47,80 |
38,52 |
9,28 |
|
B) NON CURRENT LIABILITIES |
|
14,46 |
|
|
C) CURRENT LIABILITIES |
52,20 |
47,02 |
5,18 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
99,16 |
0,84 |
|
Other operating income |
|
0,84 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-64,35 |
-57,93 |
-6,42 |
|
Variation in stocks of finished goods and work in progress |
|
0,38 |
|
|
GROSS MARGIN |
35,65 |
42,45 |
-6,80 |
|
Other operating costs |
-7,58 |
-19,30 |
11,72 |
|
Labour cost |
-15,35 |
-19,83 |
4,48 |
|
GROSS OPERATING RESULT |
12,72 |
3,32 |
9,40 |
|
Amortization of fixed assets |
-1,01 |
-1,88 |
0,87 |
|
Deterioration and result for fixed assets disposal |
|
-0,19 |
|
|
Other expenses / income |
|
1,07 |
|
|
NET OPERATING RESULT |
11,72 |
2,32 |
9,40 |
|
Financial result |
-0,73 |
-1,87 |
1,14 |
|
RESULT BEFORE TAX |
10,98 |
0,45 |
10,53 |
|
Taxes on profits |
-2,75 |
-0,36 |
-2,39 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
8,24 |
0,09 |
8,15 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
8,24 |
0,09 |
8,15 |
|
Amortization of fixed assets |
-1,01 |
-1,88 |
0,87 |
|
Deterioration and provisions variation |
|
-0,18 |
|
|
|
9,24 |
2,16 |
7,08 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
554.955,87 |
30.501,84 |
127.291,41 |
390.036,99 |
|
Working capital ratio |
0,44 |
0,14 |
0,33 |
0,52 |
|
Soundness Ratio |
13,48 |
1,04 |
2,31 |
5,66 |
|
Average Collection Period (days) |
74 |
18 |
68 |
135 |
|
Average Payment Period (days) |
154 |
68 |
129 |
268 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
184,77 |
120,81 |
171,71 |
309,10 |
|
Quick Ratio (%) |
55,32 |
4,49 |
16,90 |
56,66 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
16,82 |
9,45 |
26,17 |
47,40 |
|
External Financing Average Cost |
0,03 |
0,01 |
0,04 |
0,07 |
|
Debt Service Coverage |
1,58 |
0,00 |
2,73 |
12,65 |
|
Interest Coverage |
25,36 |
-1,02 |
1,77 |
7,03 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
9,24 |
-0,69 |
2,39 |
5,78 |
|
Auto financing generated by Assets (%) |
10,62 |
-0,57 |
2,01 |
4,78 |
|
Breakdown Point |
1,13 |
0,98 |
1,03 |
1,06 |
|
Average Sales Volume per Employee |
137.270,69 |
69.712,15 |
109.530,59 |
165.088,81 |
|
Average Cost per Employee |
21.075,79 |
16.418,61 |
23.477,66 |
30.654,87 |
|
Assets Turnover |
1,15 |
0,48 |
0,79 |
1,37 |
|
Inventory Turnover (days) |
214 |
101 |
348 |
787 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
13,46 |
-0,93 |
2,41 |
5,81 |
|
Operating Profitability (%) |
14,62 |
0,04 |
3,42 |
7,36 |
|
Return on Equity (ROE) (%) |
26,41 |
-3,62 |
3,24 |
13,82 |
ADDITIONAL INFORMATION
Consulted Sources
Central Mercantile Register
Mercantile Registrars
Chamber of Commerce / Camerdata
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
BOP
INTERNET
Telephone directory: PÁGINAS AMARILLAS
Telephone directory: PÁGINAS BLANCAS
Telephone directory: QDQ
Empresa
DIAMOND INDUSTRY –
INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the untiring
and unflagging efforts of the Indian diamantaires, supported by progressive
Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
The diamond jewellery industry in India today may be more than Rs 60000
mil and is rated amongst the fastest growing in the world. Indi ranks
third in the world in domestic diamond consumption.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
DIAMOND SAGA –
DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of
themselves made money from these businesses but their diamond companies have
gone sick and declared insolvency.
-
Most of the money borrowed from the banks in the name of their diamond
business has been diverted in real estate and the share market. The banks are
not in a position to seize their properties because in many cases, these were
purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.66 |
|
Euro |
1 |
Rs.71.21 |
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.