MIRA INFORM REPORT
|
Report Date : |
14.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MANUFACTURAS CEYLAN SL |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.12.1968 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
70 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
After almost 15 years of above average GDP growth, the
Spanish economy began to slow in late 2007 and entered into a recession in the
second quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth
trend, and by another 0.3% in 2010; GDP expanded 0.4% in 2011, before
contracting 1.4% in 2012. The economy has once again fallen into recession as
deleveraging in the private sector, fiscal consolidation, and continued high
unemployment weigh on domestic demand and investment, even as exports have
shown signs of resiliency. The unemployment rate rose from a low of about 8% in
2007 to 26.0% in 2012. The economic downturn has also hurt Spain's public
finances. The government budget deficit peaked at 11.2% of GDP in 2010 and the
process to reduce this imbalance has been slow despite the central government's
efforts to raise new tax revenue and cut spending. Spain reduced its budget
deficit to 9.4% of GDP in 2011, and roughly 7.4% of GDP in 2012, above the 6.3%
target negotiated between Spain and the EU. Although Spain's large budget
deficit and poor economic growth prospects remain a source of concern for
foreign investors, the government's ongoing efforts to cut spending and
introduce flexibility into the labor markets are intended to assuage these concerns.
The government is also taking steps to shore up the banking system, namely by
using up to $130 billion in EU funds to recapitalize struggling banks exposed
to the collapsed domestic construction and real estate sectors.
Source
: CIA
Company name
MANUFACTURAS CEYLAN
SL
CIF/NIF: B46041729
Company situation: Active
EXECUTIVE
SUMMARY
Identification
Current Business Name: MANUFACTURAS
CEYLAN SL
Other names: YES
Current Address: CALLE DELS TRAGINERS (POL VARA QUART), 6
Branches: 5
Telephone number: 963798800
Fax: 963799570
URL: www.ceylan.es
Corporate e-mail: info@ceylan.es
Trade Risk
Credit appraisal: 700.000,00 €
Incidents: NO
R.A.I.: NO
Financial Information
Balance sheet latest sales (2011): 28.840.620,55 € (Mercantile Register)
Result: 2.635.502,9 €
Total Assets: 25.796.779,36 €
Share capital: 2.062.900,00 €
Employees: 70
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 17/12/1968
Activity: Mfg. of aromatic herbs, sauces & other dressings
NACE 2009 CODE: 1084
International Operations: Imports and Exports
Corporate Structure
Sole Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 04/01/2012 Appointments
Latest press article: No press articles registered
Bank Entities: There are
The date when this report was last updated
The information contained in this report has been investigated and
contrasted
TRADE RISK
Financial situation
|
Exercise:2011 |
Evolution |
|
|
Immediate
liquidity |
Very good |
|
|
Indebtedness |
Very slight |
|
|
Profitability |
Good |
|
|
Soundness |
Excellent |
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Excellent |
Rating Explanation
Financial situation
•
The company’s financial situation is very
good.
•
The company’s financial situation evolution has
been stable.
•
The sales evolution and results has been positive.
Company Structure
•
The company’s capitalization degree determines that
its structure is sound.
•
The company’s size is medium depending
on its sales volume.
•
The employees evolution has been positive.
Performance and Incidences
•
The available information indicates that the
company does not have payment incidences.
•
He have detected no recent legal actions or claims
from the Administration against this company.
Accounts Filing
•
The company has had delays in the Accounts Filing
in the Mercantile Register.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
17/01/2013 |
Increase |
18 |
•
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. |
|
06/10/2011 |
Reduction |
16 |
•
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal
ADMINISTRATIVE CLAIMS: No administrative
claims registered
AFFECTED BY: 1 Company
/ Companies in Insolvency Proceedings.
Summary
This information comes from Experian Bureau Empresarial Service,
property of Experian Bureau de Crédito S.A. It could just be used for businessmen
or professionals and for the own aims of the business, and could not be
transferred or transmitted to third parties, copied, duplicate or reproduce,
nor incorporate to any owned or external database, or reuse it in any direct or
indirect way. Experian Bureau de Crédito S.A. may file you for damages it may
suffer in case of breaching any of the afore mentioned obligations. Experian
would not be responsible of the lack of accuracy in the supplied information
when it coincides with the one supplied by the creditor entities.
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
06/05/2013 08:05:59
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 |
4.552.302,56 |
17,65 |
5.221.932,45 |
21,94 |
5.380.221,03 |
23,04 |
|
B) CURRENT ASSETS |
21.244.476,80 |
82,35 |
18.574.854,89 |
78,06 |
17.968.745,88 |
76,96 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
21.099.110,65 |
81,79 |
19.541.500,66 |
82,12 |
18.835.759,22 |
80,67 |
|
B) NON CURRENT LIABILITIES |
626.471,18 |
2,43 |
721.644,72 |
3,03 |
858.117,92 |
3,68 |
|
C) CURRENT LIABILITIES |
4.071.197,53 |
15,78 |
3.533.641,96 |
14,85 |
3.655.089,77 |
15,65 |
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 |
28.840.620,55 |
|
25.791.154,09 |
|
24.249.174,37 |
|
|
GROSS MARGIN |
12.944.950,07 |
44,88 |
11.239.375,27 |
43,58 |
11.331.085,57 |
46,73 |
|
EBITDA |
4.381.065,43 |
15,19 |
3.124.344,86 |
12,11 |
3.853.020,94 |
15,89 |
|
EBIT |
3.704.290,88 |
12,84 |
2.634.633,32 |
10,22 |
3.337.682,84 |
13,76 |
|
NET RESULT |
2.635.502,90 |
9,14 |
1.800.594,50 |
6,98 |
2.468.501,80 |
10,18 |
|
EFFECTIVE TAX RATE (%) |
30,04 |
0,00 |
29,98 |
0,00 |
29,94 |
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 |
17,65 |
28,36 |
-10,71 |
|
A) CURRENT ASSETS |
82,35 |
71,64 |
10,71 |
|
LIABILITIES |
|||
|
A) NET WORTH |
81,79 |
54,58 |
27,21 |
|
B) NON CURRENT LIABILITIES |
2,43 |
10,09 |
-7,66 |
|
C) CURRENT LIABILITIES |
15,78 |
35,33 |
-19,55 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating
income |
|
|
|
|
SALES |
99,86 |
99,23 |
0,63 |
|
GROSS MARGIN |
44,82 |
36,55 |
8,27 |
|
EBITDA |
15,17 |
10,32 |
4,85 |
|
EBIT |
12,83 |
7,75 |
5,08 |
|
NET RESULT |
9,13 |
5,15 |
3,98 |
Sector Composition
Compared sector (NACE 2009): 1084
Number of companies: 10
Size (sales figure): 7,000,000.00 - 40,000,000.00 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 |
2.635.502,90 |
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 |
2.635.502,90 |
|
Total of Amounts to be distributed |
2.635.502,90 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
2.635.502,90 |
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:
CALLE DELS TRAGINERS (POL VARA QUART), 6
46014 VALENCIA
Characteristics of the current address
Type of establishment: store
Owners: rented
Local Situation: main
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE LOS TRANSPORTES, 21 |
03008 |
ALICANTE/ALACANT |
Alicante |
|
CALLE MODERN, 51 |
08902 |
L’HOSPITALET DE LLOBREGAT |
Barcelona |
|
AVENIDA SEGLE XXI, 72 |
08840 |
VILADECANS |
Barcelona |
|
CALLE PEŃUELAS, 58 |
28005 |
MADRID |
Madrid |
|
CALLE BENAHAVIS, 6 |
29004 |
MALAGA |
Málaga |
Corporate Structure
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
31/12/2008)
Other Positions : 2 (latest change: 26/12/2011)
Auditor : 3 (latest change: 26/12/2011)
Operative Board Members : 8 (latest change: 01/02/2013)
Non-current positions : 2 (latest change: 31/12/2009)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
MARGARIT SERRANO, JUAN ELIAS |
31/12/2008 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
GONZALEZ MADROŃO, GUZMAN JOAQUIN |
13/11/2008 |
|
AUDITOR |
FORCADA DAVALOS, JOSE LUIS |
13/11/2008 |
|
CONSOLIDATED ACCOUNTS AUDITOR |
GONZALEZ MADROŃO, GUZMAN JOAQUIN |
26/12/2011 |
Board members remuneration
Source: Annual financial report 2010
Board members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
MARGARIT SERRANO, JUAN ELIAS |
|
Financial Manager |
MARGARIT SERRANO, JUAN ELIAS |
|
Production Director |
VALERO, ANTONIO |
|
Commercial Director |
PUJOLA SALA, JUAN |
|
Exports Director |
COLAS PRATS, DEMETRIO |
|
Imports Director |
COLAS PRATS, DEMETRIO |
|
Quality Director |
ALONSO, CARMEN |
|
Technical Manager |
PICHER, MARIO |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SP INMAR SOCIEDAD ANONIMA |
A46674883 |
24,35 |
OWN SOURCES |
01/02/2013 |
|
|
MARGARIT BENAVENT ANTONIO |
|
Indef. |
OWN SOURCES |
01/02/2013 |
|
|
MARGARIT SERRANO JUAN ELIAS |
|
Indef. |
OWN SOURCES |
01/02/2013 |
|
|
BENAVENT MARGARIT JUAN |
|
Indef. |
OWN SOURCES |
01/02/2013 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”JUAN ELIAS MARGARIT SERRANO”
|
COMPANY |
POSITION |
PROVINCE |
|
PINTOR NAVARRO SOCIEDAD LIMITADA |
Consejero Delegado |
VALENCIA |
|
MANCEY SL |
Administrador Único |
VALENCIA |
|
CISANJUAN SA |
Administrador Único |
VALENCIA |
|
SP INMAR SOCIEDAD ANONIMA |
Administrador |
VALENCIA |
|
MARGABE SL |
Consejero |
VALENCIA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”MANUFACTURAS CEYLAN SL”
URL: www.ceylan.es
Manufacturas Ceylan - Soluciones para la Industria Alimentaria
Manufacturas Ceylan es la empresa líder en la fabricación y desarrollo de soluciones
a medida para la industria alimentaria.
URL: www.europages.es
MANUFACTURAS CEYLAN SL pimentón, condimentos alimentarios ...
MANUFACTURAS CEYLAN SL - Fórmulas completas y aromas para la industria cárnica.
Especias y salazones CEYLAMIX.
URL: wikimapia.org
Manufacturas Ceylan - Wikimapia Headquarters of Manufacturas Ceylan
S.L., one of the biggest Spanish spices mixtures manufacturers and spice
seller. Ceylan produces mixtures for meat.
BUSINESS INFORMATION
Incorporation date: 17/12/1968]
Establishment date: 01/01/1940
Founder’s Name: ELIAS MARGARIT BENAVENT
Code: 1423400
Activity: Mfg. of aromatic
herbs, sauces & other dressings
NACE 2009 CODE: 1084
NACE 2009 Activity: Manufacture of
condiments and seasonings
Business: FABRICACION DE
FORMULAS COMPLETAS PARA LA REALIZACION DE TODA CLASE DE EMBUTIDOS ASI COMO LA
VENTA AL POR MAYOR DE ESPECIAS
Activity description: Fabricación y distribución de soluciones a medida
para la industria alimentaria (Aromas, precocinados, especias y condimentos,
snacks..)
Latest employees figure: 70 (2013)
% of fixed employees: 100,00%
% of men: 68,42%
% of women: 31,58%
Employees evolution
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Senior management |
1 |
1 |
|
|
Other managers |
1 |
1 |
|
|
Administrative employees |
5 |
1 |
4 |
|
Sales representatives and similar |
7 |
5 |
1 |
|
Other qualified employees |
25 |
17 |
7 |
|
Non qualified employees |
1 |
1 |
|
PURCHASES
Import Percentage: 64%
Imports from: UE Y OTROS PAÍSES
National Distribution: 36%
SALES
Export Percentage: 13%
Exports to: UE Y OTROS PAISES
National Distribution: 87%
•
El 100% de su cifra de negocio corresponde a la
elaboración de especias, salsas y condimentos.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
1827 |
BARCAS, 8 |
VALENCIA |
Valencia |
|
BANCO SANTANDER, S.A. |
4302 |
AV DE LES CORTS VALENCIANES 39 |
VALENCIA |
Valencia |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
0558 |
COLON, 39 |
VALENCIA |
Valencia |
|
BANCO DE VALENCIA, S.A. |
|
|
VALENCIA |
|
|
IBERCAJA BANCO, S.A. |
|
|
VALENCIA |
|
Discount facilities: 3
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
Entity:BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Debt
type: Discount facilities |
Granted limit:30.000,00 € Used limit:0,00 € Available limit:30.000,00
€ Source: Filed
Accounts (2010) |
|
|
|
|
Entity:CAJA AH. VALENCIA, CASTELLON Y ALICANTE,
BANCAJA Debt
type: Discount facilities |
Granted limit:300.000,00 € Used limit:0,00 € Available limit:300.000,00
€ Source: Filed
Accounts (2010) |
|
|
|
|
Entity:BANCO DE VALENCIA, S.A. Debt
type: Discount facilities |
Granted limit:300.000,00 € Used limit:245.003,52 € Available limit:54.996,48
€ Source: Filed
Accounts (2010) |
|
|
|
|
Entity:BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Debt
type: Credit policy |
Granted limit:1.000.000,00 € Used limit:0,00 € Available limit:1.000.000,00
€ Source: Filed Accounts (2010) |
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
MORE THAN 5 YEARS |
|
|
Maquinaria, elementos de transporte e instalaciones técnicas. |
106.326,61 |
102.660,71 |
0,00 |
Grants
|
Grant type: Other grants (grouped amounts or not
classified) |
Amount received in the exercise: 8.543,02 € Amount pending collection:
12.799,85 € Source: Filed
Accounts (2011) |
|
|
|
|
Body-entity: GL EVENTS Grant type:
International development Granting year: 2011 |
Nominal amount: 2.304,59 € Amount received in the
exercise: 2.304,59 € Amount pending collection:
0,00 € Source: Filed Accounts (2011) |
|
|
|
|
Body-entity: SERVICIO PÚBLICO DE EMPLEO ESTATAL Grant type: For
employees training Granting year: 2011 |
Nominal amount: 5.507,79 € Amount received in the
exercise: 5.507,79 € Amount pending collection:
0,00 € Source: Filed Accounts (2011) |
Brand name: CEYLAN (Valid)
Type: JOINT Scope: NATIONAL
Date: 25/11/2009
Brand name: FLAVOREX (Valid)
Type: DENOMINATIVE Scope: INTERNATIONAL
Date: 18/05/2004
Brand name: PAKERS (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 01/03/2003
Brand name: ”PRODUCTOS MIXI” (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 06/06/2001
Brand name: CEYLAMIX (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 15/12/2000
There are 20 brands, signs and commercial names
Legal Structure
Construction Date
Register Date: 17.12.1968
Legal form: Limited Liability Company
Share capital: 2.062.900,00 €
Legal Aspects
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: 25 (Last: 04/01/2012, first: 09/08/1990)
Acts on capital: 5 (Last: 17/03/2008, first: 09/08/1990)
Acts on creation: 0
Acts on filed accounts: 21 (Last: 22/09/2011, first: 04/11/1991)
Acts on identification: 0
Acts on Information: 4 (Last: 17/03/2008, first: 05/03/1993)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
04/01/2012 |
6075 |
Valencia |
|
Annual Filed Accounts (2010) |
22/09/2011 |
585049 |
Valencia |
|
Annual Filed Accounts (2009) |
11/10/2010 |
808769 |
Valencia |
|
Annual Filed Accounts (2008) |
25/09/2009 |
505227 |
Valencia |
|
Annual Filed Accounts (2007) |
09/12/2008 |
1186853 |
Valencia |
|
Appointments |
13/11/2008 |
521457 |
Valencia |
|
Re-elections |
29/09/2008 |
451282 |
Valencia |
|
Modification of the Articles of Association |
17/03/2008 |
147851 |
Valencia |
|
Capital enlargement (IA) |
17/03/2008 |
147851 |
Valencia |
|
Annual Filed Accounts (2006) |
02/11/2007 |
945694 |
Valencia |
Press articles
No press articles registered for this company
Complementary Information
Financial Information
El balance del Registro Mercantil cerrado a 31/12/2011 (Deposito 2011)
esta disponible en INFORMA, pero existen datos en los nuevos estados contables
incorrectamente presentados.
El balance cerrado a 31/12/2008 (Deposito 2008) 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 16/01/2013.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
4.552.302,56 |
17,65 |
5.221.932,45 |
21,94 |
5.380.221,03 |
23,04 |
|
I. Intangible assets |
32.731,07 |
0,13 |
35.236,21 |
0,15 |
57.240,45 |
0,25 |
|
1. Development |
12.000,00 |
0,05 |
|
|
|
|
|
2. Concessions |
416,12 |
0,00 |
|
|
|
|
|
3. Patents, licences , trademarks and similars |
13.879,72 |
0,05 |
19.307,77 |
0,08 |
31.502,70 |
0,13 |
|
5. Software |
6.435,23 |
0,02 |
15.928,44 |
0,07 |
25.737,75 |
0,11 |
|
II. Tangible fixed assets |
2.910.940,34 |
11,28 |
2.890.772,86 |
12,15 |
2.885.916,67 |
12,36 |
|
1. Property, plant and equipment |
963.058,99 |
3,73 |
987.856,92 |
4,15 |
988.342,40 |
4,23 |
|
2. Technical fittings and other tangible assets |
1.947.881,35 |
7,55 |
1.902.915,94 |
8,00 |
1.897.574,27 |
8,13 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
1.608.631,15 |
6,24 |
2.295.923,38 |
9,65 |
2.437.063,91 |
10,44 |
|
1. Net worth instruments |
1.586.732,89 |
6,15 |
2.106.323,74 |
8,85 |
2.164.264,97 |
9,27 |
|
5. Other financial assets |
21.898,26 |
0,08 |
189.599,64 |
0,80 |
272.798,94 |
1,17 |
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
21.244.476,80 |
82,35 |
18.574.854,89 |
78,06 |
17.968.745,88 |
76,96 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
7.428.565,36 |
28,80 |
5.971.084,84 |
25,09 |
5.793.869,60 |
24,81 |
|
1. Goods available for sale |
4.117.027,36 |
15,96 |
5.971.084,84 |
25,09 |
5.793.869,60 |
24,81 |
|
4. Finished goods |
3.311.538,00 |
12,84 |
|
|
|
|
|
b) Short production cycle |
3.311.538,00 |
12,84 |
|
|
|
|
|
III. Trade Debtors and other receivable accounts |
9.358.245,40 |
36,28 |
7.903.090,56 |
33,21 |
6.773.606,68 |
29,01 |
|
1. Clients |
7.876.259,06 |
30,53 |
6.548.002,55 |
27,52 |
5.590.840,20 |
23,94 |
|
b) Clients for sales and short term services
rendering |
7.876.259,06 |
30,53 |
6.548.002,55 |
27,52 |
5.590.840,20 |
23,94 |
|
3. Other debts |
491.434,51 |
1,91 |
495.913,90 |
2,08 |
492.291,22 |
2,11 |
|
4. Staff |
762.745,59 |
2,96 |
669.744,90 |
2,81 |
622.751,91 |
2,67 |
|
6. Other credits with the Public Administrations |
227.806,24 |
0,88 |
189.429,21 |
0,80 |
67.723,35 |
0,29 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
2.847.995,46 |
11,04 |
2.323.749,90 |
9,76 |
2.542.776,15 |
10,89 |
|
1. Net worth instruments |
|
|
|
|
750.000,00 |
3,21 |
|
2. Credits to companies |
1.050.000,00 |
4,07 |
1.600.000,00 |
6,72 |
1.792.776,15 |
7,68 |
|
5. Other financial assets |
1.797.995,46 |
6,97 |
723.749,90 |
3,04 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
1.609.670,58 |
6,24 |
2.376.929,59 |
9,99 |
2.858.493,45 |
12,24 |
|
1. Treasury |
1.609.670,58 |
6,24 |
2.376.929,59 |
9,99 |
2.858.493,45 |
12,24 |
|
TOTAL ASSETS (A + B) |
25.796.779,36 |
100,00 |
23.796.787,34 |
100,00 |
23.348.966,91 |
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 |
21.099.110,65 |
81,79 |
19.541.500,66 |
82,12 |
18.835.759,22 |
80,67 |
|
A-1) Equity |
21.086.310,80 |
81,74 |
19.541.197,90 |
82,12 |
18.835.001,32 |
80,67 |
|
I. Capital |
2.062.900,00 |
8,00 |
2.062.900,00 |
8,67 |
2.062.900,00 |
8,84 |
|
1. Authorized capital |
2.062.900,00 |
8,00 |
2.062.900,00 |
8,67 |
2.062.900,00 |
8,84 |
|
II. Issue premium |
161.640,00 |
0,63 |
161.640,00 |
0,68 |
161.640,00 |
0,69 |
|
III. Reserves |
16.226.267,90 |
62,90 |
15.516.063,40 |
65,20 |
14.141.959,52 |
60,57 |
|
1. Legal and statutory |
412.580,00 |
1,60 |
412.580,00 |
1,73 |
412.580,00 |
1,77 |
|
2. Other funds |
15.813.687,90 |
61,30 |
15.103.483,40 |
63,47 |
13.729.379,52 |
58,80 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
2.635.502,90 |
10,22 |
1.800.594,50 |
7,57 |
2.468.501,80 |
10,57 |
|
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 |
12.799,85 |
0,05 |
302,76 |
0,00 |
757,90 |
0,00 |
|
B) NON CURRENT LIABILITIES |
626.471,18 |
2,43 |
721.644,72 |
3,03 |
858.117,92 |
3,68 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
367.690,78 |
1,43 |
580.197,80 |
2,44 |
695.781,66 |
2,98 |
|
2. Debts with bank entities |
265.363,95 |
1,03 |
377.168,65 |
1,58 |
487.977,82 |
2,09 |
|
3. Financial leasing creditors |
100.826,83 |
0,39 |
201.529,15 |
0,85 |
207.803,84 |
0,89 |
|
5. Other financial liabilities |
1.500,00 |
0,01 |
1.500,00 |
0,01 |
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
258.780,40 |
1,00 |
141.446,92 |
0,59 |
162.336,26 |
0,70 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
4.071.197,53 |
15,78 |
3.533.641,96 |
14,85 |
3.655.089,77 |
15,65 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
1.372.837,56 |
5,32 |
903.588,58 |
3,80 |
1.634.281,63 |
7,00 |
|
2. Debts with bank entities |
220.840,51 |
0,86 |
361.339,54 |
1,52 |
1.169.518,43 |
5,01 |
|
3. Financial leasing creditors |
100.982,07 |
0,39 |
102.941,93 |
0,43 |
79.160,93 |
0,34 |
|
5. Other financial liabilities |
1.051.014,98 |
4,07 |
439.307,11 |
1,85 |
385.602,27 |
1,65 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
2.698.359,97 |
10,46 |
2.630.053,38 |
11,05 |
2.020.808,14 |
8,65 |
|
1. Suppliers |
1.682.206,71 |
6,52 |
1.634.516,34 |
6,87 |
1.223.165,07 |
5,24 |
|
b) Short term suppliers |
1.682.206,71 |
6,52 |
1.634.516,34 |
6,87 |
1.223.165,07 |
5,24 |
|
3. Different creditors |
508.565,25 |
1,97 |
450.149,58 |
1,89 |
352.519,05 |
1,51 |
|
4. Staff (pending remunerations) |
21.381,57 |
0,08 |
|
|
588,98 |
0,00 |
|
5. Liabilities by current taxes |
200.524,17 |
0,78 |
204.356,54 |
0,86 |
404.463,22 |
1,73 |
|
6. Other debts with Public Administrations |
285.682,27 |
1,11 |
341.030,92 |
1,43 |
40.071,82 |
0,17 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
25.796.779,36 |
100,00 |
23.796.787,34 |
100,00 |
23.348.966,91 |
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 |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
28.840.620,55 |
99,86 |
25.791.154,09 |
99,84 |
24.249.174,37 |
99,96 |
|
A) Sales |
28.840.620,55 |
99,86 |
25.791.154,09 |
99,84 |
24.249.174,37 |
99,96 |
|
2. Variation in stocks of finished goods and work in progress |
1.340.453,52 |
4,64 |
177.215,24 |
0,69 |
26.204,64 |
0,11 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-17.277.552,06 |
-59,82 |
-14.769.108,71 |
-57,18 |
-12.952.975,21 |
-53,40 |
|
a) Material consumed |
-16.683.879,27 |
-57,77 |
-14.222.826,95 |
-55,06 |
-12.508.359,30 |
-51,56 |
|
b) Raw materials consumed |
-569.128,78 |
-1,97 |
-546.281,76 |
-2,11 |
-444.615,91 |
-1,83 |
|
c) Works carried out for other companies |
-24.544,01 |
-0,08 |
|
|
|
|
|
5. Other operating income |
41.428,06 |
0,14 |
40.114,65 |
0,16 |
8.681,77 |
0,04 |
|
a) Other incomes |
32.450,20 |
0,11 |
39.990,86 |
0,15 |
8.681,77 |
0,04 |
|
b) Operating grants included in the exercise result |
8.977,86 |
0,03 |
123,79 |
0,00 |
|
|
|
6. Labour cost |
-1.992.179,15 |
-6,90 |
-2.085.740,59 |
-8,07 |
-1.891.558,20 |
-7,80 |
|
a) Wages and similar expenses |
-1.628.630,28 |
-5,64 |
-1.727.679,59 |
-6,69 |
-1.525.969,13 |
-6,29 |
|
b) Social costs |
-363.548,87 |
-1,26 |
-358.061,00 |
-1,39 |
-365.589,07 |
-1,51 |
|
7. Other operating costs |
-6.775.624,46 |
-23,46 |
-6.088.349,05 |
-23,57 |
-5.665.192,71 |
-23,35 |
|
a) External services |
-6.503.935,51 |
-22,52 |
-6.004.467,56 |
-23,24 |
-5.502.371,99 |
-22,68 |
|
b) Taxes |
-54.338,06 |
-0,19 |
-52.387,72 |
-0,20 |
-59.389,52 |
-0,24 |
|
c) Losses, deterioration and variation on business operations
provisions |
-195.216,36 |
-0,68 |
-31.493,77 |
-0,12 |
-103.431,20 |
-0,43 |
|
d) Other day to day expenses |
-22.134,53 |
-0,08 |
|
|
|
|
|
8. Amortization of fixed assets |
-481.558,19 |
-1,67 |
-458.217,77 |
-1,77 |
-411.906,90 |
-1,70 |
|
9. Allocation of subventions on non financial investments and other |
8.543,02 |
0,03 |
455,14 |
0,00 |
9.377,75 |
0,04 |
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
-5.625,86 |
-0,02 |
15.127,12 |
0,06 |
1.477,23 |
0,01 |
|
b) Results for disposals and others |
-5.625,86 |
-0,02 |
15.127,12 |
0,06 |
1.477,23 |
0,01 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
5.785,45 |
0,02 |
11.983,20 |
0,05 |
-35.599,90 |
-0,15 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
3.704.290,88 |
12,83 |
2.634.633,32 |
10,20 |
3.337.682,84 |
13,76 |
|
14. Financial income |
82.843,72 |
0,29 |
93.643,10 |
0,36 |
127.257,37 |
0,52 |
|
b) From negotiable values and other financial instruments |
82.843,72 |
0,29 |
93.643,10 |
0,36 |
127.257,37 |
0,52 |
|
b 1) From group and associated companies |
|
|
|
|
122.659,63 |
0,51 |
|
b 2) From third parties |
82.843,72 |
0,29 |
93.643,10 |
0,36 |
4.597,74 |
0,02 |
|
15. Financial expenses |
-31.856,46 |
-0,11 |
-51.401,63 |
-0,20 |
-102.482,57 |
-0,42 |
|
b) For debts with third parties |
-31.856,46 |
-0,11 |
-51.401,63 |
-0,20 |
-102.482,57 |
-0,42 |
|
16. Reasonable value variation on financial instruments |
-2.301,81 |
-0,01 |
-3.045,47 |
-0,01 |
197.443,48 |
0,81 |
|
a) Negotiation portfolio and others |
-2.301,81 |
-0,01 |
-3.045,47 |
-0,01 |
197.443,48 |
0,81 |
|
17. Exchange differences |
78.173,92 |
0,27 |
-75.467,06 |
-0,29 |
-36.565,91 |
-0,15 |
|
18. Deterioration and result for disposal of financial instruments |
-63.873,86 |
-0,22 |
-26.911,28 |
-0,10 |
|
|
|
b) Results for disposals and others |
-63.873,86 |
-0,22 |
-26.911,28 |
-0,10 |
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
62.985,51 |
0,22 |
-63.182,34 |
-0,24 |
185.652,37 |
0,77 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
3.767.276,39 |
13,04 |
2.571.450,98 |
9,95 |
3.523.335,21 |
14,52 |
|
20. Taxes on profits |
-1.131.773,49 |
-3,92 |
-770.856,48 |
-2,98 |
-1.054.833,41 |
-4,35 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
2.635.502,90 |
9,13 |
1.800.594,50 |
6,97 |
2.468.501,80 |
10,18 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
2.635.502,90 |
9,13 |
1.800.594,50 |
6,97 |
2.468.501,80 |
10,18 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
2.635.502,90 |
1.800.594,50 |
2.468.501,80 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO
NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and
subventions |
26.525,76 |
|
|
|
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 |
-7.957,73 |
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED
DIRECTLY TO NET WORTH (I + II + III + IV +V+VI+VII) |
18.568,03 |
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial
instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and
subventions |
-8.543,02 |
-455,14 |
-9.377,75 |
|
XI. Non-current assets and related
liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
2.472,08 |
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS
ACCOUNT (VIII + IX + X + XI+ XII+ XIII) |
-6.070,94 |
-455,14 |
-9.377,75 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A +
B + C) |
2.647.999,99 |
1.800.139,36 |
2.459.124,05 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
2.062.900,00 |
161.640,00 |
12.984.775,86 |
2.264.724,77 |
|
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) |
2.062.900,00 |
161.640,00 |
12.984.775,86 |
2.264.724,77 |
|
I. Total recognized income and expenses |
|
|
|
2.468.501,80 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
1.157.183,66 |
-2.264.724,77 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
2.062.900,00 |
161.640,00 |
14.141.959,52 |
2.468.501,80 |
|
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) |
2.062.900,00 |
161.640,00 |
14.141.959,52 |
2.468.501,80 |
|
I. Total recognized income and expenses |
|
|
|
1.800.594,50 |
|
II. Operations with partners or owners |
|
|
-1.094.397,92 |
|
|
4. (-) Dividends distribution |
|
|
-1.094.397,92 |
|
|
III. Other net worth variations |
|
|
2.468.501,80 |
-2.468.501,80 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
2.062.900,00 |
161.640,00 |
15.516.063,40 |
1.800.594,50 |
|
I. Adjustments by change of criteria in
the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2011) |
2.062.900,00 |
161.640,00 |
15.516.063,40 |
1.800.594,50 |
|
I. Total recognized income and expenses |
|
|
|
2.635.502,90 |
|
II. Operations with partners or owners |
|
|
-1.090.390,00 |
|
|
4. (-) Dividends distribution |
|
|
-1.090.390,00 |
|
|
III. Other net worth variations |
|
|
1.800.594,50 |
-1.800.594,50 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
2.062.900,00 |
161.640,00 |
16.226.267,90 |
2.635.502,90 |
|
NET WORTH CHANGES ( 3 /3) |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
10.135,65 |
17.484.176,28 |
|
|
|
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) |
10.135,65 |
17.484.176,28 |
|
|
|
I. Total recognized income and expenses |
-9.377,75 |
2.459.124,05 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
-1.107.541,11 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
757,90 |
18.835.759,22 |
|
|
|
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) |
757,90 |
18.835.759,22 |
|
|
|
I. Total recognized income and expenses |
-455,14 |
1.800.139,36 |
|
|
|
II. Operations with partners or owners |
|
-1.094.397,92 |
|
|
|
4. (-) Dividends distribution |
|
-1.094.397,92 |
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
302,76 |
19.541.500,66 |
|
|
|
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) |
302,76 |
19.541.500,66 |
|
|
|
I. Total recognized income and expenses |
12.497,09 |
2.647.999,99 |
|
|
|
II. Operations with partners or owners |
|
-1.090.390,00 |
|
|
|
4. (-) Dividends distribution |
|
-1.090.390,00 |
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
12.799,85 |
21.099.110,65 |
|
|
CASH FLOW STATUS
Figures given in €
|
|
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
3.767.276,39 |
2.571.450,98 |
3.523.335,21 |
|
2. Results adjustments |
609.323,59 |
498.808,32 |
282.264,84 |
|
a) Amortization of fixed assets (+) |
481.558,19 |
458.217,77 |
411.906,90 |
|
b) Value correction for deterioration (+/-) |
195.216,36 |
31.493,77 |
103.431,20 |
|
d) Grants allocation (-) |
-8.543,02 |
-455,14 |
-9.377,75 |
|
e) Results for decline and disposal of fixed assets (+/-) |
5.625,86 |
-15.127,12 |
-1.477,23 |
|
f) Results for decline and disposal of financial instruments (+/-) |
63.873,86 |
26.911,28 |
|
|
g) Financial income (-) |
-82.843,72 |
-93.643,10 |
-127.257,37 |
|
f) Financial expenses (+) |
31.856,46 |
51.401,63 |
102.482,57 |
|
i) Change difference (+/-) |
-79.722,21 |
36.963,76 |
|
|
j) Reasonable value variation on financial instruments (+/-) |
-2.301,81 |
3.045,47 |
-197.443,48 |
|
3. Changes in current capital |
-3.040.625,52 |
-643.344,40 |
-1.458.314,33 |
|
a) Stocks (+/-) |
-1.457.480,52 |
-177.215,24 |
-26.204,64 |
|
b) Debtors and other receivable accounts (+/-) |
-1.655.283,96 |
-1.160.977,65 |
-301.471,20 |
|
d) Creditors and other payable accounts (+/-) |
72.138,96 |
694.848,49 |
-1.130.638,49 |
|
4. Other cash flow coming from operating activities |
-967.295,12 |
-835.107,60 |
-831.036,78 |
|
a) Interests payments (-) |
-31.856,46 |
-51.401,63 |
-102.482,57 |
|
c) Interests collections (+) |
82.843,72 |
93.643,10 |
127.257,37 |
|
d) Collections (payments) for profit tax (+/-) |
-1.018.282,38 |
-877.349,07 |
-855.811,58 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
370.189,34 |
1.591.807,30 |
1.516.248,94 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-617.424,22 |
-423.563,41 |
-765.847,24 |
|
a) Group and associated companies |
|
|
-382.923,62 |
|
b) Intangible assets |
-15.153,59 |
-21.484,42 |
-1.633,30 |
|
c) Tangible assets |
-602.270,63 |
-402.078,99 |
-381.290,32 |
|
7. Disinvestment collections (+) |
106.786,65 |
345.337,15 |
627.825,97 |
|
c) Tangible assets |
9.915,65 |
15.127,12 |
33.274,51 |
|
e) Other financial assets |
96.871,00 |
330.210,03 |
594.551,46 |
|
8. Cash Flow in investment activities (6 + 7) |
-510.637,57 |
-78.226,26 |
-138.021,27 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
21.040,11 |
|
|
|
e) Received legacies, grants and subventions (+) |
21.040,11 |
|
|
|
10. Financial liabilities instruments collections and payments |
364.316,90 |
-863.783,22 |
-590.010,05 |
|
a) Issue |
611.707,87 |
55.204,84 |
992.312,26 |
|
2. Debts with bank entities (+) |
|
55.204,84 |
992.312,26 |
|
5. Other debts (+) |
611.707,87 |
|
|
|
b) Return and amortization of |
-247.390,97 |
-918.988,06 |
-1.582.322,31 |
|
2. Debts with bank entities (-) |
|
|
-1.320.933,30 |
|
5. Other debts (-) |
-247.390,97 |
-918.988,06 |
-261.389,01 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
-1.090.390,00 |
-1.094.397,92 |
-1.107.541,11 |
|
a) Dividends (-) |
-1.090.390,00 |
-1.094.397,92 |
-1.107.541,11 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-705.032,99 |
-1.958.181,14 |
-1.697.551,16 |
|
D) Exchange rate variations effect |
79.722,21 |
-36.963,76 |
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-765.759,01 |
-481.563,86 |
-319.323,49 |
|
Cash or equivalents at the beginning of the exercise |
2.376.929,59 |
2.858.493,45 |
1.473.960,02 |
|
Cash or equivalents at the end of the exercise |
1.609.670,58 |
2.376.929,59 |
2.858.493,45 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
17.173.279,27 |
14,17 |
15.041.212,93 |
5,08 |
14.313.656,11 |
|
Working capital ratio |
0,67 |
6,35 |
0,63 |
3,28 |
0,61 |
|
Soundness Ratio |
4,63 |
23,80 |
3,74 |
6,86 |
3,50 |
|
Average Collection Period (days) |
117 |
5,88 |
110 |
9,68 |
100 |
|
Average Payment Period (days) |
40 |
-11,11 |
45 |
15,60 |
39 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
521,82 |
-0,73 |
525,66 |
6,93 |
491,61 |
|
Quick Ratio (%) |
109,49 |
-17,70 |
133,03 |
-9,97 |
147,77 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
6,75 |
8,17 |
6,24 |
-37,47 |
9,98 |
|
External Financing Average Cost |
0,02 |
-50,00 |
0,04 |
0,00 |
0,04 |
|
Debt Service Coverage |
4,70 |
405,38 |
0,93 |
-39,61 |
1,54 |
|
Interest Coverage |
116,28 |
126,84 |
51,26 |
57,38 |
32,57 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
1,28 |
-79,25 |
6,17 |
-1,28 |
6,25 |
|
Auto financing generated by Assets (%) |
1,44 |
-78,48 |
6,69 |
3,08 |
6,49 |
|
Breakdown Point |
1,15 |
3,60 |
1,11 |
-4,31 |
1,16 |
|
Average Sales Volume per Employee |
728.850,66 |
14,73 |
635.250,10 |
4,79 |
606.229,36 |
|
Average Cost per Employee |
50.345,70 |
-2,00 |
51.372,92 |
8,64 |
47.288,96 |
|
Assets Turnover |
1,12 |
3,70 |
1,08 |
3,85 |
1,04 |
|
Inventory Turnover (days) |
155 |
6,44 |
145 |
-9,62 |
161 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
14,36 |
29,72 |
11,07 |
-22,59 |
14,30 |
|
Operating Profitability (%) |
16,20 |
24,04 |
13,06 |
-18,73 |
16,06 |
|
Return on Equity (ROE) (%) |
17,87 |
35,79 |
13,16 |
-29,66 |
18,71 |
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 |
17,65 |
28,36 |
-10,71 |
|
A) CURRENT ASSETS |
82,35 |
71,64 |
10,71 |
|
LIABILITIES |
|||
|
A) NET WORTH |
81,79 |
54,58 |
27,21 |
|
B) NON CURRENT LIABILITIES |
2,43 |
10,09 |
-7,66 |
|
C) CURRENT LIABILITIES |
15,78 |
35,33 |
-19,55 |
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,86 |
99,23 |
0,63 |
|
Other operating income |
0,14 |
0,77 |
-0,63 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-59,82 |
-63,54 |
3,72 |
|
Variation in stocks of finished goods and work in progress |
4,64 |
0,09 |
4,55 |
|
GROSS MARGIN |
44,82 |
36,55 |
8,27 |
|
Other operating costs |
-23,46 |
-17,03 |
-6,43 |
|
Labour cost |
-6,90 |
-9,82 |
2,92 |
|
GROSS OPERATING RESULT |
14,46 |
9,70 |
4,76 |
|
Amortization of fixed assets |
-1,67 |
-2,31 |
0,64 |
|
Deterioration and result for fixed assets disposal |
-0,02 |
0,13 |
-0,15 |
|
Other expenses / income |
|
0,23 |
|
|
NET OPERATING RESULT |
12,83 |
7,75 |
5,08 |
|
Financial result |
0,22 |
-0,44 |
0,66 |
|
RESULT BEFORE TAX |
13,04 |
7,32 |
5,72 |
|
Taxes on profits |
-3,92 |
-2,17 |
-1,75 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
9,13 |
5,15 |
3,98 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
9,13 |
5,15 |
3,98 |
|
Amortization of fixed assets |
-1,67 |
-2,31 |
0,64 |
|
Deterioration and provisions variation |
-0,68 |
-0,26 |
-0,42 |
|
|
11,47 |
7,71 |
3,76 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
17.173.279,27 |
1.214.283,79 |
2.887.351,25 |
9.550.547,26 |
|
Working capital ratio |
0,67 |
0,16 |
0,30 |
0,47 |
|
Soundness Ratio |
4,63 |
1,14 |
1,60 |
3,22 |
|
Average Collection Period (days) |
117 |
70 |
73 |
106 |
|
Average Payment Period (days) |
40 |
45 |
86 |
96 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
521,82 |
133,78 |
189,14 |
292,54 |
|
Quick Ratio (%) |
109,49 |
17,24 |
25,11 |
97,32 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
6,75 |
7,81 |
20,38 |
52,91 |
|
External Financing Average Cost |
0,02 |
0,03 |
0,04 |
0,05 |
|
Debt Service Coverage |
4,70 |
0,92 |
1,91 |
9,20 |
|
Interest Coverage |
116,28 |
2,84 |
8,04 |
38,42 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
1,28 |
3,47 |
6,52 |
9,23 |
|
Auto financing generated by Assets (%) |
1,44 |
5,06 |
7,31 |
10,44 |
|
Breakdown Point |
1,15 |
1,04 |
1,07 |
1,09 |
|
Average Sales Volume per Employee |
728.850,66 |
217.199,08 |
292.470,99 |
497.667,32 |
|
Average Cost per Employee |
50.345,70 |
27.570,84 |
35.367,41 |
39.900,31 |
|
Assets Turnover |
1,12 |
1,03 |
1,30 |
1,44 |
|
Inventory Turnover (days) |
155 |
60 |
101 |
123 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
14,36 |
4,55 |
6,45 |
11,18 |
|
Operating Profitability (%) |
16,20 |
7,29 |
10,22 |
14,07 |
|
Return on Equity (ROE) (%) |
17,87 |
8,59 |
13,22 |
24,89 |
ADDITIONAL INFORMATION
Consulted Sources
Central Mercantile
Register
Tax Administration /
VIES Consultation
Tax Administration /
Consultation by NIF
INTERNET
Telephone directory:
PÁGINAS AMARILLAS
Titular
This company has been consulted was last displayed on 26/04/2013, 1 times in the last quarter and 1.267 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.92 |
|
|
1 |
Rs.84.44 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.