MIRA INFORM REPORT
|
Report Date : |
18.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
CALVO CONSERVAS SL |
|
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Registered Office : |
Carretera Ac-552 (A Fisterra), Km 34.500,
15100 Carballo La Coruña |
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Country : |
Spain |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
27.12.1996 |
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Legal Form : |
Sole-partnered Limited Liability Company |
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Line of Business : |
Processing & preserving of fish & fish products |
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No. of Employees : |
250 |
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 |
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Payment Behaviour : |
No Complaints |
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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 – 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 |
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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
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
CALVO CONSERVAS SL
CIF/NIF: B15584642
Company situation: Active
Data of your
request
|
|
|
|
Registered Name CALVO CONSERVAS
SL Complete Address Carretera
AC-552 (A Fisterra) KM 34.500 15 15100 Request reason MAX
CREDIT |
Year of the accounts to be delivered 2011 Language Inglés Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference
Number 221304 |
Answer to the data
in your request
The data of your request have been confirmed and are correct.
]The CIF provided is registered as IVA (VAT) operator.
Financial Information
The last filed accounts of the subject presented in the Trade Register corresponds to the 2011 exercise.
EXECUTIVE SUMMARY
Identification
Current Business Name: CALVO CONSERVAS SL
Commercial name: CONSERVAS CALVO
Other names: YES
Current Address: CARRETERA AC-552
(A FISTERRA), KM 34.500
Telephone number: 981704040 Fax: 981704008
URL: www.calvo.es
Trade Risk
Incidents: NO
R.A.I.: NO
Financial Information
Balance sheet latest sales (2011): 121.058.121,00 €
(Mercantile Register)
Result: 663.921 €
Total Assets: 38.074.741 €
Share capital: 4.865.954,00 €
Employees: 250
Listed on a Stock Exchange: NO
Commercial
Information
Incorporation date: 27/12/1996
Activity: Processing
& preserving of fish & fish products
NACE 2009 CODE: 1022
International Operations: Exports
Corporate
Structure
President:
Parent Company:
Participations: 1
Other
Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 26/10/2012 Other
concepts
Latest press article: 30/03/2011 LA
VOZ DE GALICIA (GENERAL INFORMATION)
Bank Entities: There are
The date when this report was last updated is 16/05/2013.
The information contained in this report has been investigated and
contrasted on 16/05/2013
Financial
situation
|
Exercise:2011 |
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|||
|
Immediate
liquidity |
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Degraded |
|
|
|
Indebtedness |
|
Slight |
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Profitability |
|
Sufficient |
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|
|
Soundness |
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Excellent |
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|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Excellent |
Rating Explanation
Financial situation
•
The company’s financial situation is normal.
•
The sales evolution and results has
been negative.
•
The auditor’s opinion about the latest accounts has
been favourable.
Company Structure
•
The company’s capitalization degree determines that
its structure is sound.
•
The company’s size is big depending on
its sales volume.
•
The employees evolution has been positive.
Performance and Incidences
•
The available information indicates that the
company does not have payment incidences.
•
He have detected no recent legal actions or claims
from the Administration against this company.
Accounts Filing
•
The company files regularly its accounts.
Reasons of the
last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
30/11/2012 |
Reduction |
11 |
•
There has been a change in the formula version. |
|
27/11/2012 |
Reduction |
13 |
•
New information has been loaded on our systems. |
|
16/10/2012 |
Equal |
14 |
•
New financial statements have been uploaded. |
|
19/10/2011 |
Reduction |
14 |
•
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
09/05/2013 14:05:57
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 |
6.644.608,00 |
17,45 |
6.723.712,00 |
15,91 |
5.479.083,00 |
14,32 |
|
B) CURRENT ASSETS |
31.430.133,00 |
82,55 |
35.528.767,00 |
84,09 |
32.793.593,00 |
85,68 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
18.019.100,00 |
47,33 |
17.547.662,00 |
41,53 |
17.221.928,00 |
45,00 |
|
B) NON CURRENT LIABILITIES |
1.605.740,00 |
4,22 |
317.739,00 |
0,75 |
482.911,00 |
1,26 |
|
C) CURRENT LIABILITIES |
18.449.901,00 |
48,46 |
24.387.078,00 |
57,72 |
20.567.837,00 |
53,74 |
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 |
121.058.121,00 |
|
122.645.553,00 |
|
120.765.061,00 |
|
|
GROSS MARGIN |
11.668.846,00 |
9,64 |
13.802.017,00 |
11,25 |
15.086.454,00 |
12,49 |
|
EBITDA |
802.246,00 |
0,66 |
3.453.911,00 |
2,82 |
6.243.155,00 |
5,17 |
|
EBIT |
914.196,00 |
0,76 |
2.581.264,00 |
2,10 |
5.260.421,00 |
4,36 |
|
NET RESULT |
663.921,00 |
0,55 |
1.401.962,00 |
1,14 |
3.440.473,00 |
2,85 |
|
EFFECTIVE TAX RATE (%) |
30,02 |
0,00 |
30,27 |
0,00 |
30,05 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
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|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
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ASSETS |
|
|
|
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|||
|
A) NON CURRENT ASSETS |
17,45 |
29,70 |
-12,25 |
|
|
|
|
|
A) CURRENT ASSETS |
82,55 |
70,30 |
12,25 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
47,33 |
36,03 |
11,30 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
4,22 |
7,43 |
-3,21 |
|
|
|
|
|
C) CURRENT LIABILITIES |
48,46 |
56,54 |
-8,08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
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SALES |
99,95 |
99,68 |
0,27 |
|
|
|
|
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GROSS MARGIN |
9,63 |
21,00 |
-11,37 |
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|
|
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EBITDA |
0,66 |
4,20 |
-3,54 |
|
|
|
|
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EBIT |
0,75 |
2,76 |
-2,01 |
|
|
|
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NET RESULT |
0,55 |
1,54 |
-0,99 |
|
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|
|
Sector Composition
Compared sector (NACE 2009): 1022
Number of companies: 13
Size (sales figure): > 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 |
663.921,00 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
663.921,00 |
|
Total of Amounts to be distributed |
663.921,00 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
663.921,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE
Auditor: DELOITTE S.L.
Auditor emphasis:
Sin que afecte a nuestra opinión de auditoría, llamamos la atención
sobre el contenido de la Nota 10 de la Memoria adjunta, en la que se indica que
la Sociedad ha presentado recursos ante determinadas instancias contra las
liquidaciones giradas por las Autoridades Aduaneras como consecuencia de las
comprobaciones parciales realizadas en relación con las importaciones de atún
procedentes de El Salvador realizadas por la Sociedad durante los ejercicios
2007, 2008 y 2009, al amparo del Sistemas de Preferencias Generalizadas, los
cuales se encuentran pendientes de resolución a la fecha de este informe. Las
cuentas anuales adjuntas no recogen ninguna provisión por este concepto dado
que los Administradores de la Sociedad y sus asesores legales estiman que no se
producirá quebranto patrimonial alguno para la Sociedad. No obstante lo
anterior, ello dependerá de la resolucion final de los recursos presentados.
Sin que afecte a nuestra opinión de auditoría, llamamos la atención
sobre el contenido de la Nota 14 de la Memoria adjunta, en la que se indica que
la Sociedad realiza una parte significativa de sus transacciones comerciales y
financieras con sociedades del Grupo y vinculadas con las que mantiene, al 31
de diciembre de 2011, los saldos que se indican en dicha Nota. Las cuentas
anuales de la Sociedad deben interpretarse teniendo en cuenta esta
circunstancia.
Auditing fees: 23.000,00 €
Facts subsequent
to the closing
Source: Annual financial report 2011
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
company ADDRESSES
Current Legal Seat Address:
CARRETERA AC-552 (A FISTERRA), KM 34.500
15100 CARBALLO
LA CORUÑA
Characteristics of
the current address
Type of establishment: office
Area: 17600 m2
Owners: owned; with no official confirmation
Local Situation: main
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
Distribution of the administration board |
|
|
Governing body : 8 members (latest change:
31/12/2008) Other Positions : 11 (latest change: 01/06/2012) Auditor : 1 (latest change: 07/09/2011) Operative Board Members : 5 (latest change: 10/09/2012) Non-current positions : 18 (latest change: 01/06/2012) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
CALVO PUMPIDO, MARIA DOLORES |
17/11/1999 |
|
MANAGING DIRECTOR |
CALVO PUMPIDO, LUCIANO |
17/11/1999 |
|
MANAGING DIRECTOR |
CALVO GARCIA BENAVIDES, MANUEL |
13/03/2007 |
|
MEMBER OF THE BOARD |
CALVO PUMPIDO, JOSE LUIS |
31/12/2008 |
|
SECRETARY |
CASAS ROBLA, JESUS |
17/11/1999 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
DELOITTE SL |
07/09/2011 |
There are 20 board members, directors and auditors registered
.
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
LAZCOZ CISNEROS, JAVIER |
|
Financial Manager |
LLANAS CARBAJAL, DAVID |
|
Human Resources Director |
MARCOS, EMILIO |
|
Commercial Director |
BARRENA SANTOS, AURELIO |
|
Purchases Director |
AMADOR VELA HIDALGO, RAFAEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
LUIS CALVO SANZ, SA |
A15017205 |
100,00 |
OWN SOURCES |
04/03/2013 |
There are 1 direct financial links through shareholders
registered .
Majority
shareholder of LUIS CALVO SANZ, SA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
BOLTON GROUP INTERNATIONAL SRL |
ITALY |
37,60 |
EXPANSIÓN |
21/04/2012 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ENERGYWORKS CARBALLO SL |
B15805930 |
1,00 |
OWN SOURCES |
15/02/2013 |
There are 1 direct financial links through participations
registered .
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CALVO ENERGIA S.A. (EXTINGUIDA) |
A15624349 |
100,00 |
B.O.R.M.E. |
02/12/2003 |
|
|
CALVO CONSERVAS MAROC SA |
MOROCCO |
Indef. |
MERCANTILE REGISTER |
31/12/2011 |
|
|
LUIS CALVO SANZ MAROC SA |
MOROCCO |
Indef. |
MERCANTILE REGISTER |
31/12/2011 |
Company with rating inferior to 7
POTENTIAL LINKS
Search for Link by
Administrator
Search Criterion: ”MARIA DOLORES CALVO PUMPIDO”
|
COMPANY |
POSITION |
PROVINCE |
|
DISTRISAL S. L. |
Consejero |
LA CORUÑA |
|
CALVO ENVASES SLU |
Consejero |
LA CORUÑA |
|
LUIS CALVO SANZ, SA |
Consejero |
LA CORUÑA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”CALVO CONSERVAS SL”
URL: www.calvo.es
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BUSINESS INFORMATION
Incorporation date: 27/12/1996
Establishment date: 01/01/1940
Founder’s Name: LUIS CALVO SANZ
Activity: Processing & preserving of fish & fish
products
NACE 2009 CODE: 1022
NACE 2009 Activity: Manufacturing of tinned fish
Business: preparación, fabricación, envasado y comercialización
de toda clase de productos alimentarios, ya sea frescos, refrigerados o en
conserva, semiconserva o salazón y todo ello dirigido tanto a los mercados
nacionales como a los mercados exteriores, comprendiéndose asimismo cualquier
clase de labores p.
Environmental information: YES (Page 55 -
56) Annual financial report 2011
Latest employees figure: 250 (2013)
% of fixed employees: 100,00%
% of men: 28,69%
% of women: 71,31%
Employees
evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
68 |
169 |
SALES
Export Percentage: 44%
Exports to: ITALIA Y OTROS PAÍSES
National Distribution: 56%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
CALVOPESCA SA |
NO |
|
CALVOPESCA ATLÁNTICO
SA |
NO |
|
CALVO CONSERVAS
MAROC SA |
YES |
|
NOSTROMO SPA |
YES |
|
CALVO CONSERVAS
EL SALVADOR SA DE CV |
YES |
|
CONSERVERA DE
ESTEIRO SAU |
NO |
|
LUIS CALVO SANZ
SA |
NO |
|
CALVO ENVASES SL
UNIPERSONAL |
NO |
There are 8 Suppliers .
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
GDC ARGENTINA SA |
YES |
|
NOSTROMO SPA |
YES |
|
NOSTROMO NORTH
AMERICA INC. |
YES |
|
LUIS CALVO SANZ
SA |
NO |
|
GDC ALIMENTOS SA |
NO |
|
CALVO
DISTRIBUCION ALIMENTARIA S.L.U |
NO |
|
CONSERVERA DE
ESTEIRO S.A.U. |
NO |
There are 7 Clients .
•
El 88.28% de su cifra de negocio corresponde a
ventas de productos terminados.
•
El 11.40% de su cifra de negocio corresponde a
ventas de mercaderías.
•
El 0.27% de su cifra de negocio corresponde a
prestaciones de servicios.
•
El 0.05% de su cifra de negocio corresponde a otras
ventas.
Professional and
advertising services
Source: Annual financial report 2011
Professional services
expenses: 1.900.271,00 €
Advertising services expenses: 79.273,00 €
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
2329 |
DIEGO DE LEON, 16 |
MADRID |
Madrid |
|
BANCO DE SABADELL, S.A. |
5109 |
C FERROL 000008 |
CORUÑA (A) |
La Coruña |
|
NCG BANCO, S.A. |
0805 |
SERRANO, 3 |
MADRID |
Madrid |
|
BANCO POPULAR ESPAÑOL, S.A. |
0552 |
BARCELONA, 12 |
CARBALLO |
La Coruña |
|
BANKIA, S.A. |
0445 |
PASEO DE LA CASTELLANA, 189 - 4. PLANTA |
MADRID |
Madrid |
There are 6 bank entities registered .
Discount facilities: 1
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Credit policy |
Granted limit:600.000,00 € Used limit:355.726,00 € Available limit:244.274,00
€ Source: Filed
Accounts (2011) |
|
|
|
|
Debt type: Discount
facilities |
Granted limit:2.499.000,00 € Used limit:185.000,00 € Available limit:2.314.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
There are 2 bank operations registered .
Grants
|
|
|
|
Grant type: Financial (capital, interests, etc) |
Nominal amount: 7.113.202,00 € Amount received in the
exercise: 228.715,00 € Amount pending collection:
372.119,00 € Source: Filed
Accounts (2011) |
|
|
|
There are 1 grants registered
FORMER NAMES:
•
CALVO CONSERVAS S.A.
LEGAL STRUCTURE
Constitution Data
Register Date: 27/12/1996
Register town: La Coruña
Announcement number: 72539
Share capital: 60.101,21 €
Legal form: Sole-partnered Limited Liability Company
Share capital: 4.865.954,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E.
(OFFICIAL GAZETTE OF
THE MERCANTILE REGISTER)
Acts on activity: 1 (Last: 10/03/2011)
Acts on administrators: 32 (Last: 26/10/2012, first:
05/03/1997)
Acts on capital: 4 (Last: 02/09/2003, first:
17/11/1999)
Acts on creation: 1 (Last: 05/03/1997)
Acts on filed accounts: 14 (Last: 10/10/2011, first:
13/12/1999)
Acts on identification: 1 (Last: 17/11/1999)
Acts on Information: 7 (Last: 26/10/2012, first:
05/03/1997)
Acts on proceedings: 4 (Last: 02/12/2003, first:
30/05/2000)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Other concepts |
26/10/2012 |
438049 |
La Coruña |
|
Re-elections |
26/10/2012 |
438049 |
La Coruña |
|
Resignations |
13/06/2012 |
248926 |
La Coruña |
|
Appointments |
13/06/2012 |
248925 |
La Coruña |
|
Resignations |
01/02/2012 |
50098 |
La Coruña |
|
Annual Filed Accounts (2010) |
10/10/2011 |
754366 |
La Coruña |
|
Re-elections |
16/09/2011 |
373543 |
La Coruña |
|
Appointments |
02/08/2011 |
319619 |
La Coruña |
|
Appointments |
19/05/2011 |
213651 |
La Coruña |
|
Registered activity change |
10/03/2011 |
109065 |
La Coruña |
There are 64 acts registered .
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 4 (Last: 30/03/2011, first: 01/12/2009)
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 5 (Last: 25/07/2003, first: 13/06/1999)
Latest press
article published
30/03/2011 LA VOZ DE
GALICIA (Page 6) GENERAL INFORMATION
Desde que comenzó la recesión, CALVO CONSERVAS y CERDEIMAR, no han hecho
más que mejorar sus resultados. Actualmente dan empleo a medio millar de
personas en la zona de Carballo y Camariñas, por lo que se han convertido en
uno de los principales sostenes económicos de muchas familias. CALVO, con casi
3.000 personas en plantilla y 4 fábricas, mantiene Carballo como sede del
grupo, pero está mejorando su posición en El Salvador. El pasado año, CALVO
CONSERVAS inició un plan de negocio que llevará hasta el 2014 y se centrará
básicamente en el márketing y la publicidad.
22/05/2010 CINCO DIAS - AGREEMENTS BETWEEN
COMPANIES
SOS CORPORACION ALIMENTARIA HA ALCANZADO UN ACUERDO DE VENTA Y
DISTRIBUCION CON LA FILIAL DEL GRUPO CONSERVERO CALVO EN BRASIL, DENTRO DE LA
ESTRATEGIA DE LA CIA. PROPIETARIA DE CARBONELL DE REFORZAR LA
INTERNACIONALIZACION DE SUS MARCAS. ESTA ALIANZA SE PRODUCE UN DIA DESPUES DE
QUE EL PRESIDENTE DE LA CIA., MARIANO PEREZ CLAVEL, ASEGURARA EN LA JUNTA GRAL.
DE ACCIONISTAS QUE LOS 2 MERCADOS PRIORITARIOS EN SUS PLANES DE EXPANSION SON
BRASIL Y CHINA. CON 20 UBICACIONES INDUSTRIALES Y 13 REDES COMERCIALES PROPIAS
DISTRIBUIDAS EN 105 PAISES, EL GRUPO TIENE UNA IMPORTANTE PENETRACION DE SUS
MARCAS, ADEMAS DE EN ESPAÑA, ITALIA Y EEUU, EN CANADA, HOLANDA, ALEMANIA.
28/03/2010 FARO DE VIGO - GENERAL INFORMATION
LA NOTICIA DEL INTERES DE OPMEGA, LA ORGANIZACION DE PRODUCTORES
MEJILLONEROS DE GALICIA, POR LA COMPRA DE UNA FABRICA CONSERVERA QUE CUESTA
UNOS 550.000 EUROS HA CONVULSIONADO AL SECTOR PRODUCTOR, PERO TAMBIEN A
TRANSFORMADORES Y SINDICATOS. DESPUES DE QUE SE AVANZARA LA POSIBILIDAD DE QUE
LA FACTORIA DE CONSERVAS CALVO, EN ESTEIRO (MUROS), SEA LA INDUSTRIA OBJETO DE
DESEO PARA OPMEGA, HA REACCIONADO DE MANERA INMEDIATA EL COMITE DE EMPRESA. EL
PRESIDENTE DEL COMITE DE LA FABRICA HA SOLICITADO UNA REUION CON LA DIRECCION
DE CALVO PARA QUE ACLARE LA NOTICIA Y DESVELE LOS POSIBLES CONTACTOS DEL GRUPO
CONSERVERO.
01/12/2009 LA VOZ DE GALICIA - GENERAL
INFORMATION
LOS DAÑOS OCASIONADOS POR UN TORNADO EN LAS INSTALACIONES DE CONSERVAS
CALVO, DE CARBALLO, PODRIAN SUPERAR EL MILLON DE EUROS, AUNQUE ESTA ES UNA
CIFRA QUE HA DE TOMARSE DE MANERA ESTIMADA SEGUN LA DIRECCION DE LA EMPRESA.
ESTA AUN NO HA CONCLUIDO LA VALORACION DE LOS DESTROZOS EN LAS CUATRO NAVES AFECTADAS,
PARA LOS QUE TIENE SEGURO. NI LAS ZONAS DESCUBIERTAS NI LA MAQUINARIA DAÑADA
SON PARTES VITALES DE LA CIA.
25/07/2003 LA VOZ DE GALICIA - LEGAL
ANNOUNCEMENTS
LAS JUNTAS GENERALES EXTRAORDINARIAS DE CALVO CONSERVAS, S.L. (SDAD.
ABSORBENTE) Y CALVO ENERGIA, S.A. (SDAD. ABSORBIDA), CELEBRADAS EL 30/06/03,
ACORDARON SU FUSION POR ABSORCION.
There are 9 press articles registered for this company .
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 15/10/2012.
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 |
6.644.608,00 |
17,45 |
6.723.712,00 |
15,91 |
5.479.083,00 |
14,32 |
|
I. Intangible assets |
469.188,00 |
1,23 |
381.616,00 |
0,90 |
258.699,00 |
0,68 |
|
5. Software |
469.188,00 |
1,23 |
381.616,00 |
0,90 |
258.699,00 |
0,68 |
|
II. Tangible fixed assets |
5.498.993,00 |
14,44 |
5.677.978,00 |
13,44 |
5.120.326,00 |
13,38 |
|
1. Property, plant and equipment |
3.429.235,00 |
9,01 |
3.519.643,00 |
8,33 |
2.846.687,00 |
7,44 |
|
2. Technical fittings and other tangible assets |
2.069.758,00 |
5,44 |
2.158.335,00 |
5,11 |
1.559.790,00 |
4,08 |
|
3. Fixed assets in progress and advances |
|
|
|
|
713.849,00 |
1,87 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
507.690,00 |
1,33 |
507.690,00 |
1,20 |
141,00 |
0,00 |
|
1. Net worth instruments |
141,00 |
0,00 |
141,00 |
0,00 |
141,00 |
0,00 |
|
2. Credits to companies |
507.549,00 |
1,33 |
507.549,00 |
1,20 |
|
|
|
V. Long Term Financial Investments |
1.104,00 |
0,00 |
1.104,00 |
0,00 |
40,00 |
0,00 |
|
1. Net worth instruments |
1.104,00 |
0,00 |
1.104,00 |
0,00 |
40,00 |
0,00 |
|
VI. Assets by deferred taxes |
167.633,00 |
0,44 |
155.324,00 |
0,37 |
99.877,00 |
0,26 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
31.430.133,00 |
82,55 |
35.528.767,00 |
84,09 |
32.793.593,00 |
85,68 |
|
I. Non-current assets maintained for sale |
200,00 |
0,00 |
168.349,00 |
0,40 |
401.898,00 |
1,05 |
|
II. Stocks |
10.151.064,00 |
26,66 |
15.057.067,00 |
35,64 |
10.878.393,00 |
28,42 |
|
2. Raw material inventory |
9.919.571,00 |
26,05 |
13.075.129,00 |
30,95 |
10.412.626,00 |
27,21 |
|
4. Finished goods |
227.430,00 |
0,60 |
29.620,00 |
0,07 |
277.847,00 |
0,73 |
|
b) Short production cycle |
227.430,00 |
0,60 |
29.620,00 |
0,07 |
277.847,00 |
0,73 |
|
6. Pre-payments to suppliers |
4.063,00 |
0,01 |
1.952.318,00 |
4,62 |
187.920,00 |
0,49 |
|
III. Trade Debtors and other receivable accounts |
8.598.219,00 |
22,58 |
6.963.189,00 |
16,48 |
5.387.145,00 |
14,08 |
|
1. Clients |
3.162.995,00 |
8,31 |
3.193.438,00 |
7,56 |
1.441.269,00 |
3,77 |
|
b) Clients for sales and short term services rendering |
3.162.995,00 |
8,31 |
3.193.438,00 |
7,56 |
1.441.269,00 |
3,77 |
|
2. Clients group and associated companies |
4.643.174,00 |
12,19 |
3.168.633,00 |
7,50 |
3.529.765,00 |
9,22 |
|
3. Other debts |
14.797,00 |
0,04 |
30.124,00 |
0,07 |
28.278,00 |
0,07 |
|
4. Staff |
15.043,00 |
0,04 |
9.350,00 |
0,02 |
2.179,00 |
0,01 |
|
6. Other credits with the Public Administrations |
762.210,00 |
2,00 |
561.644,00 |
1,33 |
385.654,00 |
1,01 |
|
IV. Short term investments in associated and affiliated companies |
11.857.000,00 |
31,14 |
12.749.647,00 |
30,17 |
15.928.535,00 |
41,62 |
|
2. Credits to companies |
11.857.000,00 |
31,14 |
12.749.647,00 |
30,17 |
|
|
|
5. Other financial assets |
|
|
|
|
15.928.535,00 |
41,62 |
|
V. Short term financial investments |
383.076,00 |
1,01 |
396.278,00 |
0,94 |
|
|
|
1. Net worth instruments |
|
|
396.278,00 |
0,94 |
|
|
|
5. Other financial assets |
383.076,00 |
1,01 |
|
|
|
|
|
VI. Short term periodifications |
184.058,00 |
0,48 |
191.876,00 |
0,45 |
197.622,00 |
0,52 |
|
VII. Cash and equivalents |
256.516,00 |
0,67 |
2.361,00 |
0,01 |
|
|
|
1. Treasury |
256.516,00 |
0,67 |
2.361,00 |
0,01 |
|
|
|
TOTAL ASSETS (A + B) |
38.074.741,00 |
100,00 |
42.252.479,00 |
100,00 |
38.272.676,00 |
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 |
18.019.100,00 |
47,33 |
17.547.662,00 |
41,53 |
17.221.928,00 |
45,00 |
|
A-1) Equity |
17.679.363,00 |
46,43 |
17.015.442,00 |
40,27 |
16.513.480,00 |
43,15 |
|
I. Capital |
4.865.954,00 |
12,78 |
4.865.954,00 |
11,52 |
4.865.954,00 |
12,71 |
|
1. Authorized capital |
4.865.954,00 |
12,78 |
4.865.954,00 |
11,52 |
4.865.954,00 |
12,71 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
12.149.488,00 |
31,91 |
11.647.526,00 |
27,57 |
11.007.053,00 |
28,76 |
|
1. Legal and statutory |
973.191,00 |
2,56 |
973.191,00 |
2,30 |
973.191,00 |
2,54 |
|
2. Other funds |
11.176.297,00 |
29,35 |
10.674.335,00 |
25,26 |
10.033.862,00 |
26,22 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
663.921,00 |
1,74 |
1.401.962,00 |
3,32 |
3.440.473,00 |
8,99 |
|
VIII. (Interim dividend) |
|
|
-900.000,00 |
-2,13 |
-2.800.000,00 |
-7,32 |
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
-32.382,00 |
-0,09 |
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
-32.382,00 |
-0,09 |
|
|
|
|
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
372.119,00 |
0,98 |
532.220,00 |
1,26 |
708.448,00 |
1,85 |
|
B) NON CURRENT LIABILITIES |
1.605.740,00 |
4,22 |
317.739,00 |
0,75 |
482.911,00 |
1,26 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
1.446.260,00 |
3,80 |
|
|
|
|
|
2. Debts with bank entities |
1.400.000,00 |
3,68 |
|
|
|
|
|
4. By-products |
46.260,00 |
0,12 |
|
|
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
159.480,00 |
0,42 |
317.739,00 |
0,75 |
482.911,00 |
1,26 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
18.449.901,00 |
48,46 |
24.387.078,00 |
57,72 |
20.567.837,00 |
53,74 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
1.249.780,00 |
3,28 |
2.355.285,00 |
5,57 |
5.795.187,00 |
15,14 |
|
2. Debts with bank entities |
949.780,00 |
2,49 |
2.055.285,00 |
4,86 |
2.995.187,00 |
7,83 |
|
3. Financial leasing creditors |
|
|
300.000,00 |
0,71 |
|
|
|
5. Other financial liabilities |
300.000,00 |
0,79 |
|
|
2.800.000,00 |
7,32 |
|
IV. Short term debts with associated and affiliated companies |
4.816.721,00 |
12,65 |
3.703.445,00 |
8,77 |
|
|
|
V. Trade creditors and other payable accounts |
12.383.400,00 |
32,52 |
18.328.348,00 |
43,38 |
14.772.650,00 |
38,60 |
|
1. Suppliers |
7.139.559,00 |
18,75 |
12.174.633,00 |
28,81 |
9.845.457,00 |
25,72 |
|
b) Short term suppliers |
7.139.559,00 |
18,75 |
12.174.633,00 |
28,81 |
9.845.457,00 |
25,72 |
|
2. Suppliers group and associated companies |
4.265.247,00 |
11,20 |
4.272.425,00 |
10,11 |
3.733.437,00 |
9,75 |
|
3. Different creditors |
564.966,00 |
1,48 |
1.419.287,00 |
3,36 |
841.245,00 |
2,20 |
|
4. Staff (pending remunerations) |
200.110,00 |
0,53 |
269.528,00 |
0,64 |
174.251,00 |
0,46 |
|
6. Other debts with Public Administrations |
213.518,00 |
0,56 |
192.475,00 |
0,46 |
178.260,00 |
0,47 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
38.074.741,00 |
100,00 |
42.252.479,00 |
100,00 |
38.272.676,00 |
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 |
121.058.121,00 |
99,95 |
122.645.553,00 |
99,95 |
120.765.061,00 |
100,00 |
|
A) Sales |
120.716.538,00 |
99,67 |
122.079.730,00 |
99,49 |
120.376.443,00 |
99,68 |
|
b) Services provided |
341.583,00 |
0,28 |
565.823,00 |
0,46 |
388.618,00 |
0,32 |
|
2. Variation in stocks of finished goods and work in progress |
197.810,00 |
0,16 |
-248.227,00 |
-0,20 |
28.328,00 |
0,02 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-109.643.097,00 |
-90,53 |
-108.658.535,00 |
-88,55 |
-105.706.935,00 |
-87,53 |
|
a) Material consumed |
-7.792,00 |
-0,01 |
633.909,00 |
0,52 |
-161.125,00 |
-0,13 |
|
b) Raw materials consumed |
-109.825.597,00 |
-90,68 |
-109.156.586,00 |
-88,96 |
-105.361.526,00 |
-87,25 |
|
c) Works carried out for other companies |
-95.507,00 |
-0,08 |
-111.034,00 |
-0,09 |
-116.360,00 |
-0,10 |
|
d) Deterioration on merchandises, raw materials and other supplies |
285.799,00 |
0,24 |
-24.824,00 |
-0,02 |
-67.924,00 |
-0,06 |
|
5. Other operating income |
56.012,00 |
0,05 |
63.226,00 |
0,05 |
|
|
|
a) Other incomes |
56.012,00 |
0,05 |
61.107,00 |
0,05 |
|
|
|
b) Operating grants included in the exercise result |
|
|
2.119,00 |
0,00 |
|
|
|
6. Labour cost |
-6.162.966,00 |
-5,09 |
-6.161.142,00 |
-5,02 |
-5.265.593,00 |
-4,36 |
|
a) Wages and similar expenses |
-4.681.206,00 |
-3,87 |
-4.668.321,00 |
-3,80 |
-4.008.091,00 |
-3,32 |
|
b) Social costs |
-1.481.760,00 |
-1,22 |
-1.492.821,00 |
-1,22 |
-1.257.502,00 |
-1,04 |
|
7. Other operating costs |
-3.970.607,00 |
-3,28 |
-4.475.573,00 |
-3,65 |
-4.162.478,00 |
-3,45 |
|
a) External services |
-4.602.173,00 |
-3,80 |
-4.388.279,00 |
-3,58 |
-3.861.193,00 |
-3,20 |
|
b) Taxes |
-34.087,00 |
-0,03 |
-75.420,00 |
-0,06 |
-20.389,00 |
-0,02 |
|
c) Losses, deterioration and variation on business operations
provisions |
665.653,00 |
0,55 |
|
|
-280.896,00 |
-0,23 |
|
d) Other day to day expenses |
|
|
-11.874,00 |
-0,01 |
|
|
|
8. Amortization of fixed assets |
-677.494,00 |
-0,56 |
-687.823,00 |
-0,56 |
-633.914,00 |
-0,52 |
|
9. Allocation of subventions on non financial investments and other |
228.715,00 |
0,19 |
251.754,00 |
0,21 |
313.751,00 |
0,26 |
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
-162.008,00 |
-0,13 |
-160.000,00 |
-0,13 |
|
|
|
a) Deteriorations and losses |
-162.008,00 |
-0,13 |
-160.000,00 |
-0,13 |
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-10.290,00 |
-0,01 |
12.031,00 |
0,01 |
-77.799,00 |
-0,06 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
914.196,00 |
0,75 |
2.581.264,00 |
2,10 |
5.260.421,00 |
4,36 |
|
14. Financial income |
509.167,00 |
0,42 |
624.272,00 |
0,51 |
144.049,00 |
0,12 |
|
b) From negotiable values and other financial instruments |
509.167,00 |
0,42 |
624.272,00 |
0,51 |
144.049,00 |
0,12 |
|
b 1) From group and associated companies |
509.101,00 |
0,42 |
624.260,00 |
0,51 |
144.028,00 |
0,12 |
|
b 2) From third parties |
66,00 |
0,00 |
12,00 |
0,00 |
21,00 |
0,00 |
|
15. Financial expenses |
-399.500,00 |
-0,33 |
-198.104,00 |
-0,16 |
-97.166,00 |
-0,08 |
|
a) For debts with associated and affiliated companies |
-261.983,00 |
-0,22 |
-192.009,00 |
-0,16 |
-71.128,00 |
-0,06 |
|
b) For debts with third parties |
-137.517,00 |
-0,11 |
-6.095,00 |
0,00 |
-26.038,00 |
-0,02 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-75.153,00 |
-0,06 |
-996.841,00 |
-0,81 |
-388.524,00 |
-0,32 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
34.514,00 |
0,03 |
-570.673,00 |
-0,47 |
-341.641,00 |
-0,28 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
948.710,00 |
0,78 |
2.010.591,00 |
1,64 |
4.918.780,00 |
4,07 |
|
20. Taxes on profits |
-284.789,00 |
-0,24 |
-608.629,00 |
-0,50 |
-1.478.307,00 |
-1,22 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
663.921,00 |
0,55 |
1.401.962,00 |
1,14 |
3.440.473,00 |
2,85 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
663.921,00 |
0,55 |
1.401.962,00 |
1,14 |
3.440.473,00 |
2,85 |
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 |
663.921,00 |
1.401.962,00 |
3.440.473,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
-54.338,00 |
|
|
|
III. Received legacies, grants and subventions |
|
|
456.350,00 |
|
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 |
11.455,00 |
|
-136.905,00 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
-42.883,00 |
|
319.445,00 |
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
8.078,00 |
|
|
|
X. Received legacies, grants and subventions |
-228.715,00 |
-251.754,00 |
-313.751,00 |
|
XI. Non-current assets and related liabilities, maintained for sale |
|
75.526,00 |
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
71.037,00 |
|
94.125,00 |
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
-149.600,00 |
-176.228,00 |
-219.626,00 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
471.438,00 |
1.225.734,00 |
3.540.292,00 |
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
(INTERIM DIVIDEND) |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
4.865.954,00 |
9.619.921,00 |
2.587.132,00 |
-1.200.000,00 |
|
I. Adjustments by change of criteria in the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
4.865.954,00 |
9.619.921,00 |
2.587.132,00 |
-1.200.000,00 |
|
I. Total recognized income and expenses |
|
|
3.440.473,00 |
|
|
II. Operations with partners or owners |
|
|
|
-2.800.000,00 |
|
4. (-) Dividends distribution |
|
|
|
-2.800.000,00 |
|
III. Other net worth variations |
|
1.387.132,00 |
-2.587.132,00 |
1.200.000,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
4.865.954,00 |
11.007.053,00 |
3.440.473,00 |
-2.800.000,00 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
4.865.954,00 |
11.007.053,00 |
3.440.473,00 |
-2.800.000,00 |
|
I. Total recognized income and expenses |
|
|
1.401.962,00 |
|
|
II. Operations with partners or owners |
|
|
|
-900.000,00 |
|
4. (-) Dividends distribution |
|
|
|
-900.000,00 |
|
III. Other net worth variations |
|
640.473,00 |
-3.440.473,00 |
2.800.000,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
4.865.954,00 |
11.647.526,00 |
1.401.962,00 |
-900.000,00 |
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
4.865.954,00 |
11.647.526,00 |
1.401.962,00 |
-900.000,00 |
|
I. Total recognized income and expenses |
|
|
663.921,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
501.962,00 |
-1.401.962,00 |
900.000,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
4.865.954,00 |
12.149.488,00 |
663.921,00 |
|
|
NET WORTH CHANGES ( 3 /3) |
VALUE CHANGES ADJUSTMENT |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
|
608.629,00 |
16.481.636,00 |
|
|
I. Adjustments by change of criteria in the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
|
608.629,00 |
16.481.636,00 |
|
|
I. Total recognized income and expenses |
|
99.819,00 |
3.540.292,00 |
|
|
II. Operations with partners or owners |
|
|
-2.800.000,00 |
|
|
4. (-) Dividends distribution |
|
|
-2.800.000,00 |
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
|
708.448,00 |
17.221.928,00 |
|
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
|
708.448,00 |
17.221.928,00 |
|
|
I. Total recognized income and expenses |
|
-176.228,00 |
1.225.734,00 |
|
|
II. Operations with partners or owners |
|
|
-900.000,00 |
|
|
4. (-) Dividends distribution |
|
|
-900.000,00 |
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
|
532.220,00 |
17.547.662,00 |
|
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
|
532.220,00 |
17.547.662,00 |
|
|
I. Total recognized income and expenses |
-32.382,00 |
-160.101,00 |
471.438,00 |
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
-32.382,00 |
372.119,00 |
18.019.100,00 |
|
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 |
948.710,00 |
2.010.591,00 |
4.918.780,00 |
|
2. Results adjustments |
-375.179,00 |
1.191.566,00 |
1.010.624,00 |
|
a) Amortization of fixed assets (+) |
677.494,00 |
687.823,00 |
633.914,00 |
|
b) Value correction for deterioration (+/-) |
-951.452,00 |
|
|
|
c) Change of Provisions (+/-) |
168.149,00 |
184.824,00 |
348.820,00 |
|
d) Grants allocation (-) |
-228.715,00 |
-251.754,00 |
-313.751,00 |
|
e) Results for decline and disposal of fixed assets (+/-) |
-6.141,00 |
|
|
|
g) Financial income (-) |
-509.167,00 |
-624.272,00 |
-144.049,00 |
|
f) Financial expenses (+) |
399.500,00 |
198.104,00 |
97.166,00 |
|
i) Change difference (+/-) |
75.153,00 |
996.841,00 |
388.524,00 |
|
3. Changes in current capital |
-1.577.055,00 |
6.899.307,00 |
-4.368.942,00 |
|
a) Stocks (+/-) |
5.191.802,00 |
-4.203.497,00 |
12.380.135,00 |
|
b) Debtors and other receivable accounts (+/-) |
-970.169,00 |
-2.038.315,00 |
-15.051.110,00 |
|
c) Other current assets (+/-) |
7.818,00 |
3.412.615,00 |
6.697,00 |
|
d) Creditors and other payable accounts (+/-) |
-5.806.506,00 |
9.728.504,00 |
-1.704.664,00 |
|
4. Other cash flow coming from operating activities |
-500.470,00 |
-1.594.412,00 |
-1.686.539,00 |
|
a) Interests payments (-) |
-128.463,00 |
-6.095,00 |
-98.231,00 |
|
c) Interests collections (+) |
66,00 |
12,00 |
21,00 |
|
d) Collections (payments) for profit tax (+/-) |
-372.073,00 |
-1.588.329,00 |
-1.588.329,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
-1.503.994,00 |
8.507.052,00 |
-126.077,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-650.833,00 |
-4.086.836,00 |
-1.153.237,00 |
|
a) Group and associated companies |
|
-2.671.339,00 |
|
|
b) Intangible assets |
-163.288,00 |
-198.633,00 |
-258.699,00 |
|
c) Tangible assets |
-487.545,00 |
-1.215.800,00 |
-894.538,00 |
|
e) Other financial assets |
|
-1.064,00 |
|
|
7. Disinvestment collections (+) |
2.118.773,00 |
73.549,00 |
317.541,00 |
|
a) Group and associated companies |
2.093.376,00 |
|
|
|
c) Tangible assets |
12.195,00 |
|
|
|
e) Other financial assets |
13.202,00 |
|
|
|
f) Non-current assets maintained for sale |
|
73.549,00 |
317.541,00 |
|
8. Cash Flow in investment activities (6 + 7) |
1.467.940,00 |
-4.013.287,00 |
-835.696,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
456.350,00 |
|
e) Received legacies, grants and subventions (+) |
|
|
456.350,00 |
|
10. Financial liabilities instruments collections and payments |
205.697,00 |
-639.902,00 |
2.083.463,00 |
|
a) Issue |
2.000.000,00 |
300.000,00 |
2.083.463,00 |
|
2. Debts with bank entities (+) |
2.000.000,00 |
|
2.083.463,00 |
|
5. Other debts (+) |
|
300.000,00 |
|
|
b) Return and amortization of |
-1.794.303,00 |
-939.902,00 |
|
|
2. Debts with bank entities (-) |
-1.794.303,00 |
-939.902,00 |
|
|
11. Payments for dividends and remunerations of other net worth
instruments |
|
-2.800.000,00 |
-1.200.000,00 |
|
a) Dividends (-) |
|
-2.800.000,00 |
-1.200.000,00 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
205.697,00 |
-3.439.902,00 |
1.339.813,00 |
|
D) Exchange rate variations effect |
84.512,00 |
-1.051.502,00 |
-380.156,00 |
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
254.155,00 |
2.361,00 |
-2.116,00 |
|
Cash or equivalents at the beginning of the exercise |
2.361,00 |
|
2.116,00 |
|
Cash or equivalents at the end of the exercise |
256.516,00 |
2.361,00 |
|
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
12.980.232,00 |
16,50 |
11.141.689,00 |
-8,87 |
12.225.756,00 |
|
Working capital ratio |
0,34 |
30,77 |
0,26 |
-18,75 |
0,32 |
|
Soundness Ratio |
2,66 |
5,14 |
2,53 |
-15,95 |
3,01 |
|
Average Collection Period (days) |
26 |
24,56 |
21 |
26,67 |
16 |
|
Average Payment Period (days) |
54 |
-22,56 |
70 |
45,52 |
48 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
170,35 |
16,93 |
145,69 |
-8,62 |
159,44 |
|
Quick Ratio (%) |
3,47 |
111,59 |
1,64 |
|
|
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
19,73 |
37,59 |
14,34 |
-5,28 |
15,14 |
|
External Financing Average Cost |
0,05 |
66,67 |
0,03 |
50,00 |
0,02 |
|
Debt Service Coverage |
-5,00 |
-802,82 |
0,71 |
101,54 |
-45,96 |
|
Interest Coverage |
2,29 |
-82,43 |
13,03 |
-75,93 |
54,14 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-1,24 |
-117,87 |
6,94 |
7.040,00 |
-0,10 |
|
Auto financing generated by Assets (%) |
-3,95 |
-119,62 |
20,13 |
6.200,00 |
-0,33 |
|
Breakdown Point |
1,01 |
-0,98 |
1,02 |
-2,86 |
1,05 |
|
Average Sales Volume per Employee |
486.177,19 |
5,44 |
461.073,51 |
-16,77 |
553.968,17 |
|
Average Cost per Employee |
24.750,87 |
6,86 |
23.162,19 |
-4,11 |
24.154,10 |
|
Assets Turnover |
3,18 |
9,66 |
2,90 |
-8,23 |
3,16 |
|
Inventory Turnover (days) |
33 |
-33,09 |
50 |
34,95 |
37 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,40 |
-60,72 |
6,11 |
-55,56 |
13,74 |
|
Operating Profitability (%) |
3,76 |
-48,91 |
7,36 |
-52,21 |
15,40 |
|
Return on Equity (ROE) (%) |
5,37 |
-54,57 |
11,82 |
-60,32 |
29,79 |
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 |
17,45 |
29,70 |
-12,25 |
|
A) CURRENT ASSETS |
82,55 |
70,30 |
12,25 |
|
LIABILITIES |
|||
|
A) NET WORTH |
47,33 |
36,03 |
11,30 |
|
B) NON CURRENT LIABILITIES |
4,22 |
7,43 |
-3,21 |
|
C) CURRENT LIABILITIES |
48,46 |
56,54 |
-8,08 |
Results Analytical
Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,95 |
99,68 |
0,27 |
|
Other operating income |
0,05 |
0,32 |
-0,27 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-90,53 |
-77,93 |
-12,60 |
|
Variation in stocks of finished goods and work in progress |
0,16 |
-1,07 |
1,23 |
|
GROSS MARGIN |
9,63 |
21,00 |
-11,37 |
|
Other operating costs |
-3,28 |
-10,78 |
7,50 |
|
Labour cost |
-5,09 |
-6,55 |
1,46 |
|
GROSS OPERATING RESULT |
1,27 |
3,66 |
-2,39 |
|
Amortization of fixed assets |
-0,56 |
-1,38 |
0,82 |
|
Deterioration and result for fixed assets disposal |
-0,13 |
0,05 |
-0,18 |
|
Other expenses / income |
|
0,42 |
|
|
NET OPERATING RESULT |
0,75 |
2,76 |
-2,01 |
|
Financial result |
0,03 |
-0,63 |
0,66 |
|
RESULT BEFORE TAX |
0,78 |
2,13 |
-1,35 |
|
Taxes on profits |
-0,24 |
-0,59 |
0,35 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,55 |
1,54 |
-0,99 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,55 |
1,54 |
-0,99 |
|
Amortization of fixed assets |
-0,56 |
-1,38 |
0,82 |
|
Deterioration and provisions variation |
0,65 |
-0,06 |
0,71 |
|
|
0,46 |
2,98 |
-2,52 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
12.980.232,00 |
1.842.186,84 |
10.415.903,64 |
18.648.000,00 |
|
Working capital ratio |
0,34 |
0,02 |
0,26 |
0,37 |
|
Soundness Ratio |
2,66 |
0,68 |
2,25 |
3,13 |
|
Average Collection Period (days) |
26 |
51 |
72 |
81 |
|
Average Payment Period (days) |
54 |
66 |
84 |
102 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
170,35 |
102,78 |
157,34 |
184,90 |
|
Quick Ratio (%) |
3,47 |
2,13 |
4,60 |
23,06 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
19,73 |
10,07 |
16,35 |
33,00 |
|
External Financing Average Cost |
0,05 |
0,03 |
0,05 |
0,08 |
|
Debt Service Coverage |
-5,00 |
1,37 |
3,56 |
8,49 |
|
Interest Coverage |
2,29 |
2,07 |
6,86 |
17,40 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-1,24 |
1,69 |
2,61 |
4,30 |
|
Auto financing generated by Assets (%) |
-3,95 |
2,68 |
5,12 |
8,86 |
|
Breakdown Point |
1,01 |
1,02 |
1,02 |
1,05 |
|
Average Sales Volume per Employee |
486.177,19 |
273.289,79 |
301.462,02 |
461.073,51 |
|
Average Cost per Employee |
24.750,87 |
22.073,96 |
22.873,19 |
26.908,12 |
|
Assets Turnover |
3,18 |
1,15 |
1,59 |
2,06 |
|
Inventory Turnover (days) |
33 |
64 |
68 |
86 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,40 |
2,16 |
6,11 |
10,17 |
|
Operating Profitability (%) |
3,76 |
4,51 |
7,50 |
12,18 |
|
Return on Equity (ROE) (%) |
5,37 |
2,98 |
9,29 |
14,32 |
ADDITIONAL INFORMATION
Consulted Sources
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
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3 times in the last quarter and 2.013 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.89 |
|
UK Pound |
1 |
Rs.83.66 |
|
Euro |
1 |
Rs.70.58 |
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.