MIRA INFORM REPORT
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Report Date : |
30.03.2013 |
IDENTIFICATION DETAILS
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Name : |
ASTURMATIC SYSTEMS SA |
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Registered Office : |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.01.2008 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturer of machinery |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Poor |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
spain - ECONOMIC OVERVIEW
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
ASTURMATIC SYSTEMS SA
CIF/NIF: A33959099
Company situation: Active
INFORMATION OF THE
REQUEST
Data of your
request
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Registered Name ASTURMATIC
SYSTEMS S.A., Complete Address POL.IND.LOREDO
S/N ASTURIAS 33682 Telephones 98544 62
28 Request reason Banco:
banco herrero ; IBAN: ES94 0081 5770 010001270435 , SWIFT: BSABESBB. |
Year of the accounts to be delivered 2010 Language Inglιs Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference
Number 215645 |
Answer to the data
in your request
The correct address is Polνgono Industrial Loredo, s/n, 33628 Mieres (Asturias).
Other Complementary Information
According to the consultation made 26/03/13 on the Registrars official website, subject company has a deregistration on its commercial registry sheet file because it has not filed its accounts.
Financial Information
The last filed accounts of the subject presented in the Trade Register corresponds to the 2010 exercise.
Cif / Nif
The Company is registered as IVA (Added Value Tax) operator in the database of the Tax Office.
Telephone number
The number provided (985446228) is correct.
Concerning your request, The bank provided Banco Sabadell-Herrero; iban: 0084 5770 010001270435 is correct.
Banks
Bank sources inform that the subject maintains since years a correct operative, offering a favourable opinion based on their experience.
EXECUTIVE SUMMARY
Identification
Current Business Name: ASTURMATIC SYSTEMS SA
Other names: YES
Current Address: POLIGONO INDUSTRIAL DE LOREDO, S/N
Telephone number: 982446228 Fax: 985446427
URL: www.asturmaticsystems.es , www.asturmaticsystems.com
Corporate e-mail: financiero@asturmaticsystems.com
Financial
Information
Balance sheet latest sales (2010): 990.380,50 (Mercantile Register)
Result: -334.326,53
Total Assets: 3.775.619,88
Share capital: 530.100,00
Employees: 10
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 25/04/2008
Activity: Mfg. of machinery nec.
NACE 2009 CODE: 2899
International Operations: It does not import nor export
Corporate
Structure
President:
Parent Company:
Other
Complementary Information
Latest filed accounts in the Mercantile Register: 2010
Latest act published in BORME: 13/07/2012 Declaration of individual ownership
Latest press article: 11/01/2012 EL COMERCIO (LEGAL ANNOUNCEMENTS)
Bank Entities: There are
The date when this report was last updated is 26/03/2013.
The information contained in this report has been investigated and
contrasted on 26/03/2013
Financial
situation
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Exercise:2010 |
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|||
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Immediate
liquidity |
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Acceptable |
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Indebtedness |
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Important |
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Profitability |
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Very Negative |
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Soundness |
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Bad |
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Performance
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Incidents |
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Few |
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Business
Trajectory |
|
Negative |
Rating Explanation
Financial situation
The companys financial situation
is unfavourable.
The sales evolution and results has
been negative.
The auditors opinion about the latest accounts has
been favourable.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is very
small depending on its sales volume.
The employees evolution has been stable.
Performance and Incidences
The available information indicates that the
company does have some barely significant 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 |
|
21/03/2013 |
Reduction |
3 |
New information has been loaded on our systems. |
|
26/02/2013 |
Reduction |
4 |
There has been a variation in the affected
parties of the companys non-payments information. |
|
30/01/2013 |
Reduction |
5 |
New information has been loaded on our systems. |
|
30/11/2012 |
Reduction |
7 |
There has been a change in the formula version. |
|
06/03/2012 |
Reduction |
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.
|
|
|
|
NUMBER OF ENTRIES FOUND |
1 |
|
TOTAL AMOUNT |
10.141,92 |
|
DATE OF THE LAST ENTRY |
02/02/2013 |
|
DATE AND TIME OF THE CONSULTATION |
22/03/2013 08:03:27 |
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
|
|
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
31/12/2008 (8) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
1.685.925,61 |
44,65 |
571.108,91 |
15,26 |
94.270,55 |
16,39 |
|
B) CURRENT ASSETS |
2.089.694,27 |
55,35 |
3.171.957,12 |
84,74 |
480.992,11 |
83,61 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
898.006,83 |
23,78 |
2.065.432,76 |
55,18 |
64.043,73 |
11,13 |
|
B) NON CURRENT LIABILITIES |
2.345.065,13 |
62,11 |
384.239,97 |
10,27 |
45.088,30 |
7,84 |
|
C) CURRENT LIABILITIES |
532.547,92 |
14,10 |
1.293.393,30 |
34,55 |
466.130,63 |
81,03 |
Profit and loss
account analysis
Figures given in
|
|
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2008 (8) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
990.380,50 |
|
4.331.187,29 |
|
243.662,62 |
|
|
GROSS MARGIN |
226.502,41 |
22,87 |
1.658.304,55 |
38,29 |
234.971,36 |
96,43 |
|
EBITDA |
-400.140,57 |
-40,40 |
1.043.426,07 |
24,09 |
20.980,05 |
8,61 |
|
EBIT |
-462.422,75 |
-46,69 |
1.017.600,95 |
23,49 |
10.277,23 |
4,22 |
|
NET RESULT |
-334.326,53 |
-33,76 |
707.029,51 |
16,32 |
3.843,73 |
1,58 |
|
EFFECTIVE TAX RATE (%) |
-29,98 |
0,00 |
30,00 |
0,00 |
30,00 |
0,01 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
44,65 |
40,30 |
4,35 |
|
|
|
|
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A) CURRENT ASSETS |
55,35 |
59,70 |
-4,35 |
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LIABILITIES |
|
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|||
|
A) NET WORTH |
23,78 |
47,15 |
-23,37 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
62,11 |
19,75 |
42,36 |
|
|
|
|
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C) CURRENT LIABILITIES |
14,10 |
33,10 |
-19,00 |
|
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COMPANY (2010) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
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SALES |
98,91 |
97,92 |
0,99 |
|
|
|
|
|
GROSS MARGIN |
22,62 |
56,96 |
-34,34 |
|
|
|
|
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EBITDA |
-39,96 |
5,32 |
-45,28 |
|
|
|
|
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EBIT |
-46,18 |
1,20 |
-47,38 |
|
|
|
|
|
NET RESULT |
-33,39 |
0,09 |
-33,48 |
|
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|
|
Sector Composition
Compared sector (NACE 2009): 2899
Number of companies: 476
Size (sales figure): 0 - 2,800,000.00 Euros
OTHER DATA FROM THE
ANNUAL FINANCIAL REPORT
Results
Distribution
Source: annual financial report 2009
Figures given in
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
707.029,51 |
Legal Reserve |
70.702,95 |
|
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 |
636.326,56 |
|
Total of Amounts to be distributed |
707.029,51 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
707.029,51 |
Auditing
Source: filing of annual financial statement 2010
Auditors opinion: FAVOURABLE
Auditor: VERSUS AUDITORES SLP
Auditing fees: 2.000,00
Company ADDRESSES
Current Legal Seat Address:
POLIGONO INDUSTRIAL DE LOREDO, S/N
33628 MIERES ASTURIAS
Previous Seat Address:
LUGAR LOREDO S/N
33600 MIERES
ASTURIAS
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration board |
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Governing body : 6 members (latest change:
20/01/2011) Operative Board Members : 2 (latest change: 26/03/2013) Non-current positions : 4 (latest change: 24/02/2012) |
|
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Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
INVERBLYP SL |
28/12/2009 |
|
MANAGING DIRECTOR |
GARCIA FERNANDEZ, PEDRO |
20/01/2011 |
|
MEMBER OF THE BOARD |
DIAZ GARCIA, AVELINO |
28/12/2009 |
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There are 6 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
Manager |
GARCIA FERNANDEZ, PEDRO |
|
Financial Manager |
DIAZ GARCIA, AVELINO |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
INVERBLYP SL |
B33903006 |
100,00 |
B.O.R.M.E. |
13/07/2012 |
There are 1 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SOCIEDAD PARA EL DESARROLLO DE LAS COMARCAS MINERAS SOCIEDAD ANONIMA |
A33202474 |
40,00 |
B.O.R.M.E. |
13/07/2012 |
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: INVERBLYP SL
|
COMPANY |
POSITION |
PROVINCE |
|
TODO NEGOCIOS GESTORIA SL |
Administrador Ϊnico |
ASTURIAS |
|
ALASGALATRAVI S.L. |
Administrador |
ASTURIAS |
|
ASTURFEITO SA |
Presidente |
ASTURIAS |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ASTURMATIC SYSTEMS SA
URL: www.idepa.es
asturmatic systems, sa - Idepa - Ficha de la empresa ASTURMATIC
SYSTEMS, S.A.. POL. IND. LOREDO, S/N 33628 MIERES Telιfono: +34 98.544.62.28.
Fax: +34 98.544.64.27 http://www.asturmaticsystems .es/ ...
URL: cei.uniovi.es
PLANTILLA DE DOCUMENTOS - Universidad de Oviedo 26 Jun 2012
... ASTURIANA DE ZINC, S.A.. ASTURMADI, S.L.. ASTURMASA SERMULSA U.T.E. .
ASTURMATIC SYSTEMS, S.A.. ASYMINSA. ATEI, S.A. ...
URL: www.boe.es
borme-a-2012-46-33 - BOE.es 6 Mar 2012 ... 107188 - ASTURMATIC
SYSTEMS SA. Ceses/Dimisiones. Consejero: SODECO GESTION SL;SOCIEDAD PARA EL
DESARROLLO DE LAS ...
BUSINESS INFORMATION
Incorporation date: 25/04/2008
Establishment date: 01/01/2008
Founders Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Mfg. of machinery nec.
NACE 2009 CODE: 2899
NACE 2009 Activity: Manufacture of other special-purpose
machinery n.e.c.
Business: DISENO, DESARROLLO, FABRICACION Y COMPRAVENTA DE
TODO TIPO DE AUTOMATISMOS CON BASE HIDRAULICA, ELECTRONICA O NEUMATICA, ASI
COMO LA COMPRAVENTA DE MAQUINARIA Y ACCESORIOS.
Activity description: DISEΡO, INGENIERIA Y DESARROLLO DE
AUTOMATISMOS DE BASE HIDRAULICA, NEUMATICA Y ELECTRONICA.
Latest employees figure: 10 (2013)
% of fixed employees: 80,00%
% of temporary employees: 20,00%
% of men: 80,00%
% of women: 20,00%
Employees
evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Other managers |
3 |
3 |
|
|
Administrative employees |
2 |
|
2 |
|
Other qualified employees |
5 |
5 |
|
El 100% de su cifra de negocio corresponde a Venta
de mercaderνas.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
5770 |
C FRUELA 000011 |
OVIEDO |
Asturias |
There are 1 bank entities registered
Grants
|
|
|
|
Body-entity: MINISTERIO DE INDUSTRIA TURISMO Y COMERCIO Grant type: Other grants
(grouped amounts or not classified) Granting year: 2009 |
Nominal amount: 1.190.142,10 Source: Filed
Accounts (2009) |
|
Operation description: linea Miner |
|
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Brand name: ASTURMATIC SYSTEMS (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 04/06/2009
There are 1 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 25/04/2008
Register town: Asturias
Announcement number: 261289
Register data:
Volume 3719, Folio 211, Section 8, Sheet 38397,
Inscription I/A
1 (2008-05-14)
Legal form: Joint-stock Company
Share capital: 530.100,00
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: 6 (Last: 06/03/2012, first: 27/05/2008)
· Acts on capital: 4 (Last: 06/03/2012, first: 16/02/2009)
· Acts on creation: 1 (Last: 27/05/2008)
· Acts on filed accounts: 3 (Last: 11/10/2011, first: 24/09/2009)
· Acts on identification: 1 (Last: 28/10/2010)
· Acts on Information: 10 (Last: 13/07/2012, first: 27/05/2008)
Latest acts in
B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Declaration of individual ownership |
13/07/2012 |
296223 |
Asturias |
|
|
|
Sole Partner INVERBLYP SL Register Data:
Volume 3719, Folio 224, Section 8, Sheet 38397, Inscription I/A
8 (03/07/2012) Publication Data:
Register Asturias, Gazette 133, Page
32423, Announcement 296223 (13/07/2012) |
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Other concepts |
06/03/2012 |
107188 |
Asturias |
|
Modification of the Articles of Association |
06/03/2012 |
107188 |
Asturias |
|
Capital reduction (IA) |
06/03/2012 |
107188 |
Asturias |
|
Resignations |
06/03/2012 |
107188 |
Asturias |
|
Capital reduction (II) |
09/01/2012 |
416 |
|
|
Annual Filed Accounts (2010) |
11/10/2011 |
769334 |
Asturias |
|
Modification of the Articles of Association |
01/09/2011 |
358086 |
Asturias |
|
Annual Filed Accounts (2009) |
03/03/2011 |
91760 |
Asturias |
|
Appointments |
20/01/2011 |
21102 |
Asturias |
There are 25 acts registered
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 2 (Last: 11/01/2012, first: 13/07/2010)
Structural Data: 1 (Last: 20/06/2010)
Informative data: 0
Financial Information: 1 (Last: 04/10/2008)
Negative information: 0
Business lines: 1 (Last: 21/03/2009)
Historical press releases: 0
Latest press
article published
11/01/2012 EL COMERCIO (Page 15) LEGAL
ANNOUNCEMENTS
La Junta de Accionistas de la sociedad, celebrada el 28/12/11, acordσ la
reducciσn del capital social por importe de 469.900 euros, quedando fijado el capital
social en la cuantνa de 530.100 euros.
13/07/2010 LA GACETA (Page 18) LEGAL
ANNOUNCEMENTS
La Junta Gral. Extraordinaria y Universal de la Sdad., celebrada el
17/05/10, acordσ trasladar el domicilio social al Polνgono de Loredo I, s/n,
33682 Mieres, Asturias.
20/06/2010 LA NUEVA
ESPANA (Page 17) BRANCHES
ASTURMATIC SYSTEMS ha puesto en marcha su nueva factorνa de Mieres. La
firma ha invertido en las instalaciones 3 millones de euros y fabricarα
componentes para parques solares.
21/03/2009 EL COMERCIO - BUSINESS PRIZES
ESTA SDAD. HA RESULTADO GALARDONADA EN LOS PREMIOS IMPULSO A LA GESTION
INNOVADORA, OTORGADOS POR IDEPA. ASTURMATIC SYSTEMS RECIBIO EL PREMIO IMPULSO
2008 AL DESARROLLO TECNOLOGICO.
04/10/2008 LA NUEVA ESPANA - FINANCIAL DATA
EL MINISTERIO DE INDUSTRIA, TURISMO Y COMERCIO INYECTARA MAS DE 38 MM.
DE EUROS DE FONDOS MINEROS EN ASTURIAS PARA IMPULSAR 104 PROYECTOS
EMPRESARIALES QUE GENERARAN UNA INVERSION DE 258 MM. DE EUROS Y CREARAN 1.100
PUESTOS DE TRABAJO. ASTURMATIC SYSTEMS, EMPRESA DE DISEΡO Y FABRICACION DE
COMPONENTES NEUMATICOS E HIDRAULICOS CON SEDE EN CARREΡO, RECIBIRA UNA AYUDA DE
1.190.142 EUROS PARA CREAR UNA NUEVA FACTORIA EN MIERES CON UNA INVERSION
DE2.975.356 EUROS Y LA CREACION DE 25 EMPLEOS.
There are 5 press articles registered for this company
Complementary
Information
Financial Information
El balance cerrado a 31/12/2009 (Deposito 2009) esta disponible en
INFORMA, 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 22/10/2011.
SITUATION
BALANCE-SHEET
Assets
Figures given in
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (8) |
% ASSETS |
|
A) NON CURRENT ASSETS |
1.685.925,61 |
44,65 |
571.108,91 |
15,26 |
94.270,55 |
16,39 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
1.542.760,86 |
40,86 |
571.108,91 |
15,26 |
94.270,55 |
16,39 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
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V. Long Term Financial Investments |
|
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|
|
VI. Assets by deferred taxes |
143.164,75 |
3,79 |
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
2.089.694,27 |
55,35 |
3.171.957,12 |
84,74 |
480.992,11 |
83,61 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
105.074,40 |
2,78 |
27.106,12 |
0,72 |
194.374,00 |
33,79 |
|
III. Trade Debtors and other receivable accounts |
1.899.138,99 |
50,30 |
2.848.445,97 |
76,10 |
265.089,44 |
46,08 |
|
1. Clients |
495.148,75 |
13,11 |
1.658.178,62 |
44,30 |
240.797,04 |
41,86 |
|
b) Clients for sales and short term services
rendering |
495.148,75 |
13,11 |
1.658.178,62 |
44,30 |
240.797,04 |
41,86 |
|
3. Other debtors |
1.403.990,24 |
37,19 |
1.190.267,35 |
31,80 |
24.292,40 |
4,22 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
2.600,00 |
0,07 |
2.600,00 |
0,07 |
|
|
|
VI. Short term periodifications |
2.236,38 |
0,06 |
2.110,19 |
0,06 |
|
|
|
VII. Cash and equivalents |
80.644,50 |
2,14 |
291.694,84 |
7,79 |
21.528,67 |
3,74 |
|
TOTAL ASSETS (A + B) |
3.775.619,88 |
100,00 |
3.743.066,03 |
100,00 |
575.262,66 |
100,00 |
Net Worth
and Liabilities
Figures given in
|
|
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
31/12/2008 (8) |
% ASSETS |
|
A) NET WORTH |
898.006,83 |
23,78 |
2.065.432,76 |
55,18 |
64.043,73 |
11,13 |
|
A-1) Equity |
898.006,83 |
23,78 |
1.232.333,36 |
32,92 |
64.043,73 |
11,13 |
|
I. Capital |
530.100,00 |
14,04 |
530.100,00 |
14,16 |
60.200,00 |
10,46 |
|
1. Authorized capital |
1.000.000,00 |
26,49 |
1.000.000,00 |
26,72 |
60.200,00 |
10,46 |
|
2. (Uncalled capital) |
-469.900,00 |
-12,45 |
-469.900,00 |
-12,55 |
|
|
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
702.233,36 |
18,60 |
|
|
|
|
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
-4.796,15 |
-0,13 |
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
-334.326,53 |
-8,85 |
707.029,51 |
18,89 |
3.843,73 |
0,67 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
833.099,40 |
22,26 |
|
|
|
B) NON CURRENT LIABILITIES |
2.345.065,13 |
62,11 |
384.239,97 |
10,27 |
45.088,30 |
7,84 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
2.345.065,13 |
62,11 |
27.197,35 |
0,73 |
45.088,30 |
7,84 |
|
1. Debts with bank entities |
1.145.692,30 |
30,34 |
|
|
|
|
|
2. Financial leasing creditors |
9.230,83 |
0,24 |
27.197,35 |
0,73 |
45.088,30 |
7,84 |
|
3. Other long term debts |
1.190.142,00 |
31,52 |
|
|
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
357.042,62 |
9,54 |
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
532.547,92 |
14,10 |
1.293.393,30 |
34,55 |
466.130,63 |
81,03 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
17.941,65 |
0,48 |
17.541,97 |
0,47 |
16.304,66 |
2,83 |
|
2. Financial leasing creditors |
17.941,65 |
0,48 |
17.541,97 |
0,47 |
16.304,66 |
2,83 |
|
IV. Short term debts with associated and affiliated companies |
|
|
3.360,02 |
0,09 |
269.360,86 |
46,82 |
|
V. Trade creditors and other payable accounts |
514.606,27 |
13,63 |
1.272.491,31 |
34,00 |
180.465,11 |
31,37 |
|
1. Suppliers |
116.106,60 |
3,08 |
617.667,29 |
16,50 |
117.478,87 |
20,42 |
|
b) Short term suppliers |
116.106,60 |
3,08 |
617.667,29 |
16,50 |
117.478,87 |
20,42 |
|
2. Other creditors |
398.499,67 |
10,55 |
654.824,02 |
17,49 |
62.986,24 |
10,95 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
3.775.619,88 |
100,00 |
3.743.066,03 |
100,00 |
575.262,66 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in
|
|
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
31/12/2008 (8) |
%OPERATING INCOME |
|
1. Net Turnover |
990.380,50 |
98,91 |
4.331.187,29 |
99,40 |
243.662,62 |
93,53 |
|
2. Variation in stocks of finished goods and work in progress |
73.394,71 |
7,33 |
-191.882,71 |
-4,40 |
194.374,00 |
74,61 |
|
3. Works for its own assets |
|
|
23.652,76 |
0,54 |
|
|
|
4. Supplies |
-848.190,60 |
-84,71 |
-2.507.052,79 |
-57,54 |
-219.925,29 |
-84,42 |
|
5. Other operating income |
10.917,80 |
1,09 |
2.400,00 |
0,06 |
16.860,03 |
6,47 |
|
6. Labour cost |
-478.020,40 |
-47,74 |
-444.979,69 |
-10,21 |
-169.505,15 |
-65,06 |
|
7. Other operating costs |
-150.142,22 |
-14,99 |
-168.623,69 |
-3,87 |
-45.244,89 |
-17,37 |
|
8. Amortization of fixed assets |
-62.282,18 |
-6,22 |
-25.825,12 |
-0,59 |
-10.702,82 |
-4,11 |
|
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 |
1.519,64 |
0,15 |
-1.275,10 |
-0,03 |
758,73 |
0,29 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
-462.422,75 |
-46,18 |
1.017.600,95 |
23,35 |
10.277,23 |
3,94 |
|
14. Financial income |
2,61 |
0,00 |
67,76 |
0,00 |
16,76 |
0,01 |
|
b) Other financial income |
2,61 |
0,00 |
67,76 |
0,00 |
16,76 |
0,01 |
|
15. Financial expenses |
-15.071,14 |
-1,51 |
-7.594,40 |
-0,17 |
-4.802,95 |
-1,84 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
|
|
|
|
|
|
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-15.068,53 |
-1,50 |
-7.526,64 |
-0,17 |
-4.786,19 |
-1,84 |
|
C) RESULT BEFORE TAXES (A + B) |
-477.491,28 |
-47,69 |
1.010.074,31 |
23,18 |
5.491,04 |
2,11 |
|
20. Taxes on profits |
143.164,75 |
14,30 |
-303.044,80 |
-6,95 |
-1.647,31 |
-0,63 |
|
D) EXERCISE RESULT (C + 20) |
-334.326,53 |
-33,39 |
707.029,51 |
16,23 |
3.843,73 |
1,48 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in
|
NET WORTH CHANGES (1/3) |
31/12/2010 (12) |
31/12/2009 (12) |
31/12/2008 (8) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
-334.326,53 |
707.029,51 |
3.843,73 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and subventions |
|
|
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and subventions |
|
|
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
|
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
-334.326,53 |
707.029,51 |
3.843,73 |
Total net worth
changes status
Figures given in
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
(UNCALLED) CAPITAL |
RESERVES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
60.200,00 |
|
|
|
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
60.200,00 |
|
|
|
|
I. Total recognized income and expenses |
|
|
|
3.843,73 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
60.200,00 |
|
3.843,73 |
3.843,73 |
|
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) |
60.200,00 |
|
3.843,73 |
3.843,73 |
|
I. Total recognized income and expenses |
|
|
-8.639,88 |
707.029,51 |
|
II. Operations with partners or owners |
939.800,00 |
-469.900,00 |
|
|
|
1. Capital Increases |
939.800,00 |
|
|
|
|
2. (-) Capital reductions |
|
-469.900,00 |
|
|
|
III. Other net worth variations |
|
|
|
-3.843,73 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.000.000,00 |
-469.900,00 |
-4.796,15 |
707.029,51 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
1.000.000,00 |
-469.900,00 |
-4.796,15 |
707.029,51 |
|
I. Total recognized income and expenses |
|
|
|
-334.326,53 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
707.029,51 |
-707.029,51 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.000.000,00 |
-469.900,00 |
702.233,36 |
-334.326,53 |
|
NET WORTH CHANGES ( 3 /3) |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
60.200,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
|
60.200,00 |
|
|
|
I. Total recognized income and expenses |
|
3.843,73 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
|
67.887,46 |
|
|
|
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) |
|
67.887,46 |
|
|
|
I. Total recognized income and expenses |
|
698.389,63 |
|
|
|
II. Operations with partners or owners |
|
469.900,00 |
|
|
|
1. Capital Increases |
|
469.900,00 |
|
|
|
2. (-) Capital reductions |
|
|
|
|
|
III. Other net worth variations |
833.099,40 |
829.255,67 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
833.099,40 |
2.065.432,76 |
|
|
|
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) |
833.099,40 |
2.065.432,76 |
|
|
|
I. Total recognized income and expenses |
|
-334.326,53 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-833.099,40 |
-833.099,40 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
|
898.006,83 |
|
|
RATIOS
|
|
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
CHANGE % |
31/12/2008 (8) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
1.557.146,35 |
-17,11 |
1.878.563,82 |
12.540,49 |
14.861,48 |
|
Working capital ratio |
0,41 |
-18,00 |
0,50 |
1.566,67 |
0,03 |
|
Soundness Ratio |
0,53 |
-75,46 |
2,16 |
217,65 |
0,68 |
|
Average Collection Period (days) |
690 |
191,49 |
237 |
-39,52 |
392 |
|
Average Payment Period (days) |
185 |
7,97 |
172 |
-71,87 |
611 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
392,40 |
60,01 |
245,24 |
137,66 |
103,19 |
|
Quick Ratio (%) |
15,63 |
-31,30 |
22,75 |
392,42 |
4,62 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
62,59 |
4.751,94 |
1,28 |
-97,76 |
57,50 |
|
External Financing Average Cost |
0,01 |
-93,75 |
0,16 |
700,00 |
0,02 |
|
Debt Service Coverage |
-8,69 |
-12.514,29 |
0,07 |
-99,69 |
22,74 |
|
Interest Coverage |
-30,68 |
-122,90 |
133,99 |
6.161,21 |
2,14 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-27,47 |
-262,35 |
16,92 |
183,42 |
5,97 |
|
Auto financing generated by Assets (%) |
-7,20 |
-136,77 |
19,58 |
673,91 |
2,53 |
|
Breakdown Point |
0,68 |
-48,09 |
1,31 |
25,96 |
1,04 |
|
Average Sales Volume per Employee |
105.359,63 |
-76,28 |
444.224,34 |
353,96 |
97.856,47 |
|
Average Cost per Employee |
50.853,23 |
11,43 |
45.638,94 |
-32,96 |
68.074,36 |
|
Assets Turnover |
0,26 |
-77,59 |
1,16 |
176,19 |
0,42 |
|
Inventory Turnover (days) |
45 |
1.027,27 |
4 |
-98,76 |
318 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
-12,25 |
-145,05 |
27,19 |
1.418,99 |
1,79 |
|
Operating Profitability (%) |
-10,60 |
-138,02 |
27,88 |
663,84 |
3,65 |
|
Return on Equity (ROE) (%) |
-53,17 |
-164,87 |
81,96 |
856,36 |
8,57 |
SECTORIAL ANALYSIS
Balance Sheet and
Financial Balance
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
44,65 |
40,30 |
4,35 |
|
A) CURRENT ASSETS |
55,35 |
59,70 |
-4,35 |
|
LIABILITIES |
|||
|
A) NET WORTH |
23,78 |
47,15 |
-23,37 |
|
B) NON CURRENT LIABILITIES |
62,11 |
19,75 |
42,36 |
|
C) CURRENT LIABILITIES |
14,10 |
33,10 |
-19,00 |
|
|
|
|
|
Results Analytical
Account
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
98,91 |
97,92 |
0,99 |
|
Other operating income |
1,09 |
2,08 |
-0,99 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-84,71 |
-44,83 |
-39,88 |
|
Variation in stocks of finished goods and work in progress |
7,33 |
1,79 |
5,54 |
|
GROSS MARGIN |
22,62 |
56,96 |
-34,34 |
|
Other operating costs |
-14,99 |
-16,50 |
1,51 |
|
Labour cost |
-47,74 |
-35,91 |
-11,83 |
|
GROSS OPERATING RESULT |
-40,11 |
4,56 |
-44,67 |
|
Amortization of fixed assets |
-6,22 |
-4,25 |
-1,97 |
|
Deterioration and result for fixed assets disposal |
|
0,07 |
|
|
Other expenses / income |
|
0,83 |
|
|
NET OPERATING RESULT |
-46,18 |
1,20 |
-47,38 |
|
Financial result |
-1,50 |
-1,36 |
-0,14 |
|
RESULT BEFORE TAX |
-47,69 |
-0,16 |
-47,53 |
|
Taxes on profits |
14,30 |
0,25 |
14,05 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
-33,39 |
0,09 |
-33,48 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
-33,39 |
0,09 |
-33,48 |
|
Amortization of fixed assets |
-6,22 |
-4,25 |
-1,97 |
|
Deterioration and provisions variation |
|
0,13 |
|
|
|
-27,17 |
4,22 |
-31,39 |
Main Ratios
Figures given in
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
1.557.146,35 |
24.608,59 |
123.781,23 |
349.553,69 |
|
Working capital ratio |
0,41 |
0,09 |
0,25 |
0,46 |
|
Soundness Ratio |
0,53 |
0,65 |
1,33 |
3,33 |
|
Average Collection Period (days) |
690 |
61 |
103 |
152 |
|
Average Payment Period (days) |
185 |
98 |
152 |
230 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
392,40 |
117,41 |
173,58 |
278,80 |
|
Quick Ratio (%) |
15,63 |
6,29 |
25,38 |
79,33 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
62,59 |
5,15 |
22,22 |
42,04 |
|
External Financing Average Cost |
0,01 |
0,02 |
0,05 |
0,09 |
|
Debt Service Coverage |
-8,69 |
0,00 |
1,70 |
7,25 |
|
Interest Coverage |
-30,68 |
-0,65 |
1,62 |
5,37 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-27,47 |
0,69 |
4,19 |
9,59 |
|
Auto financing generated by Assets (%) |
-7,20 |
0,59 |
4,45 |
8,46 |
|
Breakdown Point |
0,68 |
0,99 |
1,03 |
1,07 |
|
Average Sales Volume per Employee |
105.359,63 |
56.444,30 |
89.523,26 |
124.405,30 |
|
Average Cost per Employee |
50.853,23 |
25.270,41 |
32.466,34 |
41.207,56 |
|
Assets Turnover |
0,26 |
0,60 |
0,95 |
1,43 |
|
Inventory Turnover (days) |
45 |
44 |
132 |
301 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
-12,25 |
-0,87 |
2,75 |
6,48 |
|
Operating Profitability (%) |
-10,60 |
1,25 |
6,10 |
10,88 |
|
Return on Equity (ROE) (%) |
-53,17 |
-4,03 |
3,63 |
13,77 |
ADDITIONAL INFORMATION
Consulted Sources
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
La titular
This company has been consulted was last displayed on 12/11/2012,
0 times in the last quarter and 322 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
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
SCs credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.