MIRA INFORM REPORT
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Report Date : |
18.05.2013 |
IDENTIFICATION DETAILS
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Name : |
LUIS CALVO SANZ, SA |
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Formerly Known As : |
LUIS CALVO SANZ |
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Registered Office : |
Carretera Ac-552, 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 : |
01.01.1940 |
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Legal Form : |
Joint-stock Company |
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Line of Business : |
Development and Sale of Marine Products Canned Mainly of
Tuna and Other Food
Preparations. |
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No. of Employees : |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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) |
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Spain |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
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
LUIS CALVO SANZ, SA
CIF/NIF: A15017205
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: LUIS CALVO SANZ, SA
Commercial name: NOSTROMO; CALVO
Other names: YES
Current Address: CARRETERA AC-552, KM 34,500
Branches: 2
Telephone number: 981704040 Fax: 981704008
URL: www.calvo.es
Trade Risk
Rating: Holding with
no commercial activities.
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2011): 25.551.905,00 € (Mercantile Register)
Result: 11.844.630 €
Total Assets: 182.915.145 €
Share capital: 9.645.545,00 €
Employees: 64
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 17/07/1971
Activity: Holding
NACE 2009 CODE: 6420
International Operations: Imports and
Exports
Corporate Structure
President:
Participations: 21
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 16/11/2012 Appointments
Latest press article: 18/04/2013 EXPANSION
GALICIA (SHAREHOLDERS AND HOLDINGS)
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
TRADE RISK
Rating
Holding with no commercial activities.
INCIDENTS 
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY:
1 Company / Companies in Insolvency Proceedings.
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI -
SECTORIAL DEFAULTS OF PAYMENT
There is no information related to the nif/cif consulted in the in the EXPERIAN
BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT file
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
09/05/2013 14:05:12
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 €
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|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
31/12/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
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A) NON CURRENT ASSETS |
151.234.839,00 |
82,68 |
149.958.620,00 |
84,19 |
115.646.656,00 |
68,38 |
|
B) CURRENT ASSETS |
31.680.306,00 |
17,32 |
28.157.204,00 |
15,81 |
53.476.127,00 |
31,62 |
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LIABILITIES |
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A) NET WORTH |
67.537.474,00 |
36,92 |
59.421.331,00 |
33,36 |
51.279.546,00 |
30,32 |
|
B) NON CURRENT LIABILITIES |
14.977.250,00 |
8,19 |
19.476.667,00 |
10,93 |
32.004.050,00 |
18,92 |
|
C) CURRENT LIABILITIES |
100.400.421,00 |
54,89 |
99.217.826,00 |
55,70 |
85.839.187,00 |
50,76 |
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 |
25.551.905,00 |
|
20.410.656,00 |
|
5.717.541,00 |
|
|
GROSS MARGIN |
25.519.396,00 |
99,87 |
20.398.134,00 |
99,94 |
5.680.429,00 |
99,35 |
|
EBITDA |
14.408.181,00 |
56,39 |
10.347.434,00 |
50,70 |
-2.797.123,00 |
-48,92 |
|
EBIT |
14.295.735,00 |
55,95 |
10.192.390,00 |
49,94 |
-2.941.627,00 |
-51,45 |
|
NET RESULT |
11.844.630,00 |
46,36 |
7.896.655,00 |
38,69 |
3.537.396,00 |
61,87 |
|
EFFECTIVE TAX RATE (%) |
-22,23 |
0,00 |
-34,68 |
0,00 |
-52,30 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
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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 |
82,68 |
83,51 |
-0,83 |
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A) CURRENT ASSETS |
17,32 |
16,49 |
0,83 |
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LIABILITIES |
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|||
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A) NET WORTH |
36,92 |
50,23 |
-13,31 |
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|
|
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B) NON CURRENT LIABILITIES |
8,19 |
36,50 |
-28,31 |
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|
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C) CURRENT LIABILITIES |
54,89 |
13,27 |
41,62 |
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COMPANY (2011) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
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|
|
|
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SALES |
99,99 |
97,44 |
2,55 |
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|
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GROSS MARGIN |
99,86 |
95,07 |
4,79 |
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|
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EBITDA |
56,38 |
49,31 |
7,07 |
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EBIT |
55,94 |
46,97 |
8,97 |
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NET RESULT |
46,35 |
17,48 |
28,87 |
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Sector Composition
Compared sector (NACE 2009): 642
Number of companies: 30
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 |
11.844.630,00 |
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 |
9.177.784,00 |
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Total of Amounts to be distributed |
11.844.630,00 |
Dividends |
750.000,00 |
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Carry over and others |
0,00 |
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Compensation of previous exercises losses |
1.916.846,00 |
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Application total |
11.844.630,00 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: DELOITTE S.L.
Auditing exceptions:
For the
development of its business, the Company participates in the share capital of the
entities Calvopesea, SA, Cantabrian of Shy, SA, Distrisal SLU, Luis Calvo Sanz
d Venezuela, SA, Luis Calvo Sanz El Salvador, SA de CV, Nonti Nostromo America,
Inc., Calvo Food Distribution Maroc, SA, Canning Esteiro, SA (Sole
Shareholder), Calvo
Food Distribution El Salvador, SA of C.V, Calvo Canned Maroc, SA and Luis Calvo
Oc Mai Sanz, SA, which are recorded under "Investments in Group companies
and long-term partner-Equity instruments "cid balance diciembie 31, 2011
attached, for a net amount of 32,290 thousand set eut Os and for which there is
recorded one
additional provision to that date amounting to 378 thousand euros in the
caption "Provisions long term ", for which there are indications of
impairment, a situation that applies generally, when the carrying cost of
participation is higher than the theoretical values conespondientes accounting financiei states obtained from these investees
you or when they have had losses. The Company's directors are confident that
these amounts can set retrieved
in the future through the results generated by these investees. However, in the
course of our work we could not have the financial projections these companies,
nor have we been able to make alternative piocedimientos allow us determine, in
accordance with objective criteria, the recoverable value of these investments,
so it is not possible to determine the value adjustment, if any, should be
recorded Company in connection with its
participation in the above = weights. Infoi audit our me on the annual
accounts of the Company for the year ended 31 December 2010 contained a similar
proviso to the breakdown in this paragraph.
Without qualifying our audit opinion, to call attention to the contents of Note
15 the accompanying notes, which indicates that the Group of which the Company
is the parent has filed appeals at certain instances against the assessments
drawn by the Customs Authorities as a result of partial checks conducted in
connection imports of tuna from El Salvador made by various companies belonging
to the Group during 2007, 2008 and 2009, the System ampaio GSP, which are still
pending resolution at the date of this report. The accompanying financial
statements do not include any provision for this concept (relative with the
impact that the resolution of these resources may have, if any, on valuation of
the companies in which the Company participates) as the directors of the
Company and its legal counsel believe that there will be any material loss to
the Company. Not Nevertheless, this will depend on the final resolution of
prisoners presented.
Without qualifying our audit opinion, we draw attention to the contents of Note
13 the accompanying notes, which indicates that the Company makes a significant
part of their commercial and financial transactions with Group companies and
affiliates with which maintained at 31 December 2011 CLE, the balances listed
in this letter. 1 as annual accounts of the Company should be interpreted
taking into account this circumstance.
Auditing fees: 74.690,00 €
Facts subsequent to the closing
Source: Annual financial report 2011
After the closure no relevant facts requiring their inclusion in the
annual accounts have taken place.
ADDRESSES
Current Legal Seat Address:
CARRETERA AC-552, KM 34,500
15100 CARBALLO LA CORUÑA
Characteristics of the current address
Type of establishment: store
Owners: owned; with no official confirmation
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA MADRID (97 0000), 95 |
08028 |
BARCELONA |
Barcelona |
|
LUGAR REVOLTA, 86 |
15100 |
CARBALLO |
La Coruña |
There are 2 branches registered at INFORMA D&B, S.A.
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE TRAVESSERA DE GRACIA, 294 |
08025 |
BARCELONA |
Barcelona |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
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Distribution of the administration board |
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Governing body : 18 members (latest change:
23/08/2012) Other Positions : 14 (latest change: 06/11/2012) Auditor : 2 (latest change: 29/09/2011) Operative Board Members : 6 (latest change: 18/01/2007) Non-current positions : 41 (latest change: 23/08/2012) |
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Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
CALVO PUMPIDO, LUCIANO |
23/08/2012 |
|
MANAGING DIRECTOR |
CALVO GARCIA BENAVIDES, MANUEL MARIA |
04/01/2007 |
|
MANAGING DIRECTOR |
CALVO GARCIA BENAVIDES, MANUEL |
29/09/2011 |
|
MEMBER OF THE BOARD |
BARBERO MARTIN, RAFAEL |
12/11/2003 |
|
MEMBER OF THE BOARD |
CALVO PUMPIDO, MARIA DOLORES |
05/09/2006 |
|
MEMBER OF THE BOARD |
CALVO LEMA, LUIS |
04/01/2007 |
|
MEMBER OF THE BOARD |
RIOS CALVO, LUIS |
04/01/2007 |
|
MEMBER OF THE BOARD |
MARTINEZ CALVO, JOSE |
04/01/2007 |
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MEMBER OF THE BOARD |
NISSIM, MARINA |
06/07/2012 |
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Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
DELOITTE SL |
29/09/2011 |
|
CONSOLIDATED ACCOUNTS AUDITOR |
DELOITTE SL |
29/09/2011 |
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 1.287.984,00 €
|
POSITION |
NAME AND SURNAME |
|
Financial Manager |
LLANAS, DAVID |
|
Production Director |
SUNE, MIGUEL |
|
Commercial Director |
BARRENA, AURELIO |
|
Purchases Director |
CALVO, MARTA |
|
Exports Director |
BARBADRESI, MARTIN |
|
IT Director |
ORTIZ, ALFREDO |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
BOLTON GROUP INTERNATIONAL SRL |
ITALY |
37,60 |
EXPANSIÓN |
21/04/2012 |
|
|
LUIS CALVO SANZ, SA |
A15017205 |
0,58 |
OWN SOURCES |
16/05/2013 |
|
|
CALVO PUMPIDO MARIA LUISA |
|
Indef. |
OWN SOURCES |
03/11/2009 |
|
|
CALVO PUMPIDO MARIA HERMINIA |
|
Indef. |
OWN SOURCES |
03/11/2009 |
|
|
CALVO PUMPIDO LUCIANO |
|
Indef. |
OWN SOURCES |
03/11/2009 |
|
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CALVO PUMPIDO JOSE LUIS |
|
Indef. |
OWN SOURCES |
03/11/2009 |
|
|
CALVO PUMPIDO MARIA DOLORES |
|
Indef. |
OWN SOURCES |
03/11/2009 |
You can obtain business information of foreign companies at the
page D&B INTERNATIONAL
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PONTO INVERSIONES SL (EXTINGUIDA) |
B83736918 |
22,20 |
EXPANSIÓN |
21/04/2012 |
|
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CAIXA DE AFORROS DE GALICIA VIGO OURENSE E PONTEVEDRA |
G70270293 |
11,10 |
EXPANSIÓN |
16/11/2011 |
|
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CAIXA DE AFORROS DE VIGO OURENSE E PONTEVEDRA (CAIXANOVA) (EXTINGUIDA) |
G36600369 |
11,10 |
B.O.R.M.E. |
13/12/2010 |
Company with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
NOSTROMO S.P.A. |
ITALY |
100,00 |
OWN SOURCES |
16/05/2013 |
|
|
LUIS CALVO SANZ VENEZUELA SA |
VENEZUELA |
100,00 |
OWN SOURCES |
16/05/2013 |
|
|
CONSERVERA DE ESTEIRO SA |
A15537376 |
100,00 |
OWN SOURCES |
16/05/2013 |
|
|
CALVO ENVASES SLU |
B15721319 |
100,00 |
OWN SOURCES |
16/05/2013 |
|
|
DISTRISAL S. L. |
B15367386 |
100,00 |
OWN SOURCES |
16/05/2013 |
|
|
CALVO CONSERVAS SL |
B15584642 |
100,00 |
OWN SOURCES |
16/05/2013 |
|
|
CALVO DISTRIBUCION ALIMENTARIA SL |
B15812142 |
100,00 |
OWN SOURCES |
16/05/2013 |
|
|
NOSTROMO NORTH AMERICA INC |
UNITED STATES |
100,00 |
OWN SOURCES |
16/05/2013 |
|
|
CALVO DISTRIBUCION ALIMENTARIA MAROC SA |
MOROCCO |
100,00 |
OWN SOURCES |
16/05/2013 |
|
|
GDC ALIMENTOS SA |
BRAZIL |
100,00 |
OWN SOURCES |
16/05/2013 |
You can obtain business information of foreign companies at the
page D&B INTERNATIONAL
Company with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CALVO ENERGIA S.A. (EXTINGUIDA) |
A15624349 |
100,00 |
BORME II |
23/07/2003 |
|
|
CALVO CONSERVAS DE VENEZUELA SA |
VENEZUELA |
99,60 |
MERCANTILE REGISTER |
31/12/2006 |
|
|
CANTABRICA DE TUNIDOS, SA (EXTINGUIDA) |
A48113021 |
99,47 |
B.O.R.M.E. |
08/05/2012 |
Company with rating inferior to 7
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”LUCIANO CALVO PUMPIDO”
|
COMPANY |
POSITION |
PROVINCE |
|
CALVO ENVASES SLU |
Presidente |
LA CORUÑA |
|
CONSERVERA DE ESTEIRO SA |
Presidente |
LA CORUÑA |
|
LUIS CALVO SANZ, SA |
Presidente |
LA CORUÑA |
|
DISTRISAL S. L. |
Vicepresidente |
LA CORUÑA |
|
LUIS CALVO SANZ, SA |
Consejero Delegado |
LA CORUÑA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”LUIS CALVO SANZ, SA”
URL: fis.com
Luis Calvo Sanz, S.A. - FIS - Proveedores - Detalles de Compañía El Grupo
Calvo es una compañía de capital 60% español, dedicada a la pesca, producción y
comercialización de conservas de pescado de alta calidad.
URL: www.grupocalvo.com
Aviso Legal | Grupo Calvo www.grupocalvo.com, es una Website
titularidad de LUIS CALVO SANZ S.A., CIF : A-15017205, CARRETERA CORUÑA –
FINISTERRE KM. 34,5 / 15106 ...
BUSINESS INFORMATION
Incorporation date: 17/07/1971
Establishment date: 01/01/1940
Founder’s Name: LUIS CALVO SANZ
Activity: Holding
NACE 2009 CODE: 6420
NACE 2009 Activity: Activities of holding companies
Business: DEVELOPMENT AND SALE OF MARINE
PRODUCTS CANNED MAINLY OF TUNA, AND OTHER
FOOD PREPARATIONS.
(Enlargement) Manufacturing,
processing, marketing, research, export and import of
food and diet, whether for human
or animal. Exploitation
of any products, services or uses
related to the above. The acquisition,
lease, cre.
Latest employees figure: 64 (2013)
% of fixed employees: 100,00%
% of men: 54,43%
% of women: 45,57%
Employees evolution
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
43 |
36 |
COMMERCIAL OPERATIONS
SALES
Export Percentage: 77%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
CALVO CONSERVAS MAROC |
YES |
|
CALVO DISTRIBUCIÓN ALIMENTARIA EL SALVADOR, S.A. DE C.V. |
YES |
|
CALVO CONSERVAS, S.L.U. |
NO |
|
CALVO CONSIGNATARIA CENTROAMERICA SA DE CV |
YES |
|
CALVO ENVASES SL |
NO |
|
CONSERVEIRA DE ESTEIRO SA |
NO |
|
GESTRA CORPORATION |
NO |
|
NOSTROMO SPA |
NO |
|
CALVO DISTRIBUCION ALIMENTARIA SL |
NO |
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
GDC ALIMENTOS SA |
NO |
|
CALVO DISTRIBUCION ALIMENTARIA EL SALVADOR SA DE CV |
YES |
|
CALVO ENVASES SL UNIPERSONAL |
NO |
|
CONSERVERA DE ESTEIRO SA UNIPERSONAL |
NO |
|
CALVO CONSERVAS SL UNIPERSONAL |
NO |
|
CASITAS DE LA UNIÓN, S.A. DE C.V |
NO |
|
CALVO DISTRIBUCION ALIMENTARIA COSTA RICA |
YES |
|
LUIS CALVO SANZ MAROC SA |
YES |
|
CALVOPESCA ATLANTICO SA |
YES |
|
CALVO CONSERVAS MAROC SA |
YES |
Professional and advertising services
Source: Annual financial report 2011
Professional services
expenses: 2.162.369,00 €
Advertising services expenses: 121.648,00 €
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
4885 |
CL VAZQUEZ DE PARGA 5 APDO. 00000 |
CARBALLO |
La Coruña |
|
BANCO DE SABADELL, S.A. |
|
|
CARBALLO |
|
|
BANCO ESPAÑOL DE CREDITO, S.A. |
|
|
|
|
|
BANKINTER, S.A. |
|
|
|
|
|
CATALUNYA BANC, S.A. |
|
|
|
|
Discount facilities: 1
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Discount facilities |
Granted limit:33.350.000,00 € Used limit:19.259.451,00
€ Available limit:14.090.549,00
€ Source: Filed
Accounts (2011) |
|
|
|
|
Debt type: Credit policy |
Granted limit:37.950.000,00 € Used limit:20.328.808,00
€ Available limit:17.621.192,00
€ Source: Filed
Accounts (2011) |
|
|
|
FORMER NAMES:
LUIS CALVO SANZ SL
Brand name: RAZO (Valid)
Type: JOINT Scope: NATIONAL Date: 20/12/2010
Brand name: NOSTROMO (Valid)
Type: JOINT Scope: INTERNATIONAL
Date: 25/06/2010
Brand name: GARANTIA DE CALIDAD CALVO (Valid)
Type: JOINT Scope: NATIONAL Date: 23/04/2010
Brand name: CALVO COCINA DE MERCADO (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 30/03/2010
Brand name: CALVO (Valid)
Type: JOINT Scope: INTERNATIONAL
Date: 17/11/2009
There are 61 brands, signs and commercial names at INFORMA
D&B, S.A.
LEGAL STRUCTURE
Constitution Data
Register Date: 17/07/1971
Legal form: Joint-stock Company
Share capital: 9.645.545,00 €
Paid-up capital: 9.645.545,00 €
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: 10/10/2011)
Acts on administrators: 72 (Last: 16/11/2012, first:
18/07/1990)
Acts on capital: 3 (Last: 21/09/2004, first:
06/02/1998)
Acts on creation: 0
Acts on filed accounts: 42 (Last: 14/10/2011, first:
11/10/1990)
Acts on identification: 0
Acts on Information: 21 (Last: 03/09/2012, first:
29/11/1991)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
16/11/2012 |
469422 |
La Coruña |
|
Other concepts |
03/09/2012 |
362702 |
La Coruña |
|
Modification of the Articles of Association |
03/09/2012 |
362702 |
La Coruña |
|
Other concepts |
03/09/2012 |
362701 |
La Coruña |
|
Modification of the Articles of Association |
03/09/2012 |
362701 |
La Coruña |
|
Appointments |
03/09/2012 |
362701 |
La Coruña |
|
Resignations |
03/09/2012 |
362701 |
La Coruña |
|
Other concepts |
19/07/2012 |
304676 |
La Coruña |
|
Modification of the Articles of Association |
19/07/2012 |
304676 |
La Coruña |
|
Appointments |
19/07/2012 |
304676 |
La Coruña |
There are 139 acts registered at INFORMA D&B, S.A.
PRESS ARTICLES
Press summary by type of information (last five years)
Legal notices: 1 (Last: 13/09/2011)
Structural Data: 15 (Last: 18/04/2013, first: 20/05/2010)
Informative data: 19 (Last: 19/10/2012, first: 15/07/2008)
Financial Information: 14 (Last: 11/01/2013, first:
16/01/2008)
Negative information: 0
Business lines: 8 (Last: 16/03/2012, first: 10/03/2008)
Historical press releases: 123 (Last: 01/11/2007, first:
08/03/1993)
Latest press article published
18/04/2013 EXPANSION GALICIA - SHAREHOLDERS AND
HOLDINGS
José Peña González-Conchiero and CALVO
Group have joined forces on a new line of canned gourmet directed segment.
Peña develops and directs this project with the food group as an
industrial partner.
The month of March was CANNED PREMIUM
SL, sdad. under
which integrates the brand
José Peña. The
manufacturing of the products are made in the plant possesses Esteiro
BALD (Walls) and
start the activity in about two
months, starting with 30-35 employees. According to the business plan, expected to exceed 8 million within five
years.
29/01/2013 FARO DE VIGO - PRINCIPALS
BALD GROUP Ubis Macarena has
appointed new director of Fleet,
which continues well with its strong commitment to internal promotion.
11/01/2013 LA VOZ DE GALICIA - FINANCIAL DATA
BALD GROUP, which is headquartered in Horse, turnover 121 million over
2012 corresponding to the Italian brand Nostromo. This company has increased its accounts by 5.2% compared to previous year's results and expanded sales volume by 2.6% to 14,000 tonnes.
The Italian market in 2012 registered a sharp drop in consumption and a significant increase in raw material
prices. Nevertheless, Nostromo
has continued to grow and is forecast to continue
doing CALVO. Nostromo addition, the brand
has CALVO GROUP
Gomes da Costa, with
which it is settled in Brazil.
19/10/2012 FARO DE VIGO (Page 42) GENERAL
INFORMATION
Two
of the
brands operating ALFAGEME BERNARDO, Peña and
Eureka, were auctioned 18/10/12 ate outside
the contest notary public seeking to revive the activity of the cannery. The brand Peña was left
SOUTH WEST INTERNATIONAL CANNED GALICIA (COSWINGA)
who paid 50,000 euros
for the brand. This firm also bid to seize
plants and Ribadumia
Vilaxoán, to be awarded soon. The Eureka
brand was acquired by 300,000 euros per CANNED
CALVO.
On
the other hand, the Galician Institute for Economic Promotion
(IGAPE) has opened the door to the auction of three ALFAGEME goods, plants
and Ribadumia Vilaxoán
and brand Meow.
05/09/2012 FARO DE VIGO (Page 36) GENERAL
INFORMATION
The Galician canning BALD intends to
expand its sales in the next few
years in America and China.
This plan also helps
the recovery of North African markets, as clarified by the CEO of the firm. for
Europe, Enrique Orgel, who noted
that among the projects is maintained
commitment to the Americas, where it has been for years, especially
in Brazil. Precisely BALD gets 77% of its
revenues outside Spain. Thus, according to Orgel, there could
be an increase in hiring, as in the factories in Galicia, where in the last year created more than 150 jobs. The market share of the firm. in Spain
tuna sale is 14%.
Complementary Information
Financial Information
The balance sheet as at
31/12/2009 (Tank 2009)
is available at INFORMS, but there is
data in the new financial
statements presented incorrectly.
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 |
151.234.839,00 |
82,68 |
149.958.620,00 |
84,19 |
115.646.656,00 |
68,38 |
|
I. Intangible assets |
514.911,00 |
0,28 |
132.692,00 |
0,07 |
161.617,00 |
0,10 |
|
1. Development |
|
|
|
|
87.460,00 |
0,05 |
|
2. Concessions |
|
|
|
|
74.157,00 |
0,04 |
|
5. Software |
514.911,00 |
0,28 |
132.692,00 |
0,07 |
|
|
|
II. Tangible fixed assets |
432.436,00 |
0,24 |
485.158,00 |
0,27 |
98.106,00 |
0,06 |
|
1. Property, plant and equipment |
17.348,00 |
0,01 |
17.348,00 |
0,01 |
17.348,00 |
0,01 |
|
2. Technical fittings and other tangible assets |
415.088,00 |
0,23 |
467.810,00 |
0,26 |
80.758,00 |
0,05 |
|
III. Real-estate investments |
1.592.682,00 |
0,87 |
1.592.682,00 |
0,89 |
1.592.682,00 |
0,94 |
|
1. Lands |
|
|
|
|
1.592.682,00 |
0,94 |
|
2. Buildings |
1.592.682,00 |
0,87 |
1.592.682,00 |
0,89 |
|
|
|
IV. Long term investments in associated and affiliated companies |
146.508.213,00 |
80,10 |
145.576.087,00 |
81,73 |
110.043.580,00 |
65,07 |
|
1. Net worth instruments |
94.147.360,00 |
51,47 |
94.132.030,00 |
52,85 |
92.848.019,00 |
54,90 |
|
2. Credits to companies |
52.360.853,00 |
28,63 |
51.444.057,00 |
28,88 |
17.195.561,00 |
10,17 |
|
V. Long Term Financial Investments |
83.324,00 |
0,05 |
122.682,00 |
0,07 |
102.229,00 |
0,06 |
|
1. Net worth instruments |
37.034,00 |
0,02 |
37.034,00 |
0,02 |
59.393,00 |
0,04 |
|
5. Other financial assets |
46.290,00 |
0,03 |
85.648,00 |
0,05 |
42.836,00 |
0,03 |
|
VI. Assets by deferred taxes |
2.103.273,00 |
1,15 |
2.049.319,00 |
1,15 |
3.648.442,00 |
2,16 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
31.680.306,00 |
17,32 |
28.157.204,00 |
15,81 |
53.476.127,00 |
31,62 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
|
|
|
|
|
|
|
III. Trade Debtors and other receivable accounts |
7.244.021,00 |
3,96 |
5.667.223,00 |
3,18 |
6.669.719,00 |
3,94 |
|
2. Clients group and associated companies |
6.524.931,00 |
3,57 |
4.876.071,00 |
2,74 |
5.755.120,00 |
3,40 |
|
3. Other debts |
7.328,00 |
0,00 |
|
|
|
|
|
4. Staff |
32.657,00 |
0,02 |
60.960,00 |
0,03 |
39.221,00 |
0,02 |
|
6. Other credits with the Public Administrations |
679.105,00 |
0,37 |
730.192,00 |
0,41 |
875.378,00 |
0,52 |
|
IV. Short term investments in associated and affiliated companies |
20.571.171,00 |
11,25 |
19.408.658,00 |
10,90 |
45.713.007,00 |
27,03 |
|
2. Credits to companies |
20.571.171,00 |
11,25 |
19.408.658,00 |
10,90 |
|
|
|
5. Other financial assets |
|
|
|
|
45.713.007,00 |
27,03 |
|
V. Short term financial investments |
122.813,00 |
0,07 |
122.813,00 |
0,07 |
125.613,00 |
0,07 |
|
2. Credits to companies |
120.000,00 |
0,07 |
120.000,00 |
0,07 |
120.000,00 |
0,07 |
|
5. Other financial assets |
2.813,00 |
0,00 |
2.813,00 |
0,00 |
5.613,00 |
0,00 |
|
VI. Short term periodifications |
60.874,00 |
0,03 |
48.885,00 |
0,03 |
52.069,00 |
0,03 |
|
VII. Cash and equivalents |
3.681.427,00 |
2,01 |
2.909.625,00 |
1,63 |
915.719,00 |
0,54 |
|
1. Treasury |
3.681.427,00 |
2,01 |
2.909.625,00 |
1,63 |
915.719,00 |
0,54 |
|
TOTAL ASSETS (A + B) |
182.915.145,00 |
100,00 |
178.115.824,00 |
100,00 |
169.122.783,00 |
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 |
67.537.474,00 |
36,92 |
59.421.331,00 |
33,36 |
51.279.546,00 |
30,32 |
|
A-1) Equity |
67.599.121,00 |
36,96 |
59.504.491,00 |
33,41 |
51.607.836,00 |
30,52 |
|
I. Capital |
9.645.545,00 |
5,27 |
9.645.545,00 |
5,42 |
9.645.545,00 |
5,70 |
|
1. Authorized capital |
9.645.545,00 |
5,27 |
9.645.545,00 |
5,42 |
9.645.545,00 |
5,70 |
|
II. Issue premium |
24.677.067,00 |
13,49 |
24.677.067,00 |
13,85 |
24.677.067,00 |
14,59 |
|
III. Reserves |
24.770.163,00 |
13,54 |
24.770.163,00 |
13,91 |
24.770.163,00 |
14,65 |
|
1. Legal and statutory |
1.929.109,00 |
1,05 |
1.929.109,00 |
1,08 |
1.929.109,00 |
1,14 |
|
2. Other funds |
22.841.054,00 |
12,49 |
22.841.054,00 |
12,82 |
22.841.054,00 |
13,51 |
|
IV. (Net worth own shares and participations) |
-671.438,00 |
-0,37 |
-671.438,00 |
-0,38 |
-671.438,00 |
-0,40 |
|
V. Results from previous years |
-1.916.846,00 |
-1,05 |
-6.813.501,00 |
-3,83 |
-10.350.897,00 |
-6,12 |
|
2. (Prior years losses) |
-1.916.846,00 |
-1,05 |
-6.813.501,00 |
-3,83 |
-10.350.897,00 |
-6,12 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
11.844.630,00 |
6,48 |
7.896.655,00 |
4,43 |
3.537.396,00 |
2,09 |
|
VIII. (Interim dividend) |
-750.000,00 |
-0,41 |
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
-87.859,00 |
-0,05 |
-109.372,00 |
-0,06 |
-354.502,00 |
-0,21 |
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
-87.859,00 |
-0,05 |
-109.372,00 |
-0,06 |
-354.502,00 |
-0,21 |
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
26.212,00 |
0,01 |
26.212,00 |
0,01 |
26.212,00 |
0,02 |
|
B) NON CURRENT LIABILITIES |
14.977.250,00 |
8,19 |
19.476.667,00 |
10,93 |
32.004.050,00 |
18,92 |
|
I. Long term provisions |
378.281,00 |
0,21 |
378.281,00 |
0,21 |
378.281,00 |
0,22 |
|
4. Other provisions |
378.281,00 |
0,21 |
378.281,00 |
0,21 |
378.281,00 |
0,22 |
|
II. Long term debts |
13.912.177,00 |
7,61 |
18.041.268,00 |
10,13 |
17.955.190,00 |
10,62 |
|
2. Debts with bank entities |
13.750.867,00 |
7,52 |
17.824.309,00 |
10,01 |
17.362.050,00 |
10,27 |
|
4. By-products |
161.310,00 |
0,09 |
216.959,00 |
0,12 |
593.140,00 |
0,35 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
12.020.242,00 |
7,11 |
|
IV. Liabilities by deferred taxes |
686.792,00 |
0,38 |
1.057.118,00 |
0,59 |
1.650.337,00 |
0,98 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
100.400.421,00 |
54,89 |
99.217.826,00 |
55,70 |
85.839.187,00 |
50,76 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
57.877.677,00 |
31,64 |
36.990.547,00 |
20,77 |
40.160.592,00 |
23,75 |
|
2. Debts with bank entities |
57.848.682,00 |
31,63 |
36.985.962,00 |
20,77 |
40.160.592,00 |
23,75 |
|
4. By-products |
28.995,00 |
0,02 |
4.585,00 |
0,00 |
|
|
|
IV. Short term debts with associated and affiliated companies |
39.145.555,00 |
21,40 |
58.144.866,00 |
32,64 |
42.772.483,00 |
25,29 |
|
V. Trade creditors and other payable accounts |
3.377.189,00 |
1,85 |
4.082.413,00 |
2,29 |
2.906.112,00 |
1,72 |
|
1. Suppliers |
787.589,00 |
0,43 |
444.393,00 |
0,25 |
268.966,00 |
0,16 |
|
b) Short term suppliers |
787.589,00 |
0,43 |
444.393,00 |
0,25 |
268.966,00 |
0,16 |
|
2. Suppliers group and associated companies |
1.304.520,00 |
0,71 |
2.046.792,00 |
1,15 |
1.413.540,00 |
0,84 |
|
3. Different creditors |
270.736,00 |
0,15 |
694.149,00 |
0,39 |
337.902,00 |
0,20 |
|
4. Staff (pending remunerations) |
694.679,00 |
0,38 |
699.648,00 |
0,39 |
611.682,00 |
0,36 |
|
5. Liabilities by current taxes |
120.546,00 |
0,07 |
|
|
|
|
|
6. Other debts with Public Administrations |
199.119,00 |
0,11 |
197.431,00 |
0,11 |
274.022,00 |
0,16 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
182.915.145,00 |
100,00 |
178.115.824,00 |
100,00 |
169.122.783,00 |
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 |
25.551.905,00 |
99,99 |
20.410.656,00 |
99,96 |
5.717.541,00 |
100,00 |
|
A) Sales |
18.895.046,00 |
73,94 |
|
|
|
|
|
b) Services provided |
6.656.859,00 |
26,05 |
20.410.656,00 |
99,96 |
5.717.541,00 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-35.717,00 |
-0,14 |
-20.211,00 |
-0,10 |
-37.112,00 |
-0,65 |
|
b) Raw materials consumed |
-35.717,00 |
-0,14 |
-20.211,00 |
-0,10 |
-37.112,00 |
-0,65 |
|
5. Other operating income |
3.208,00 |
0,01 |
7.689,00 |
0,04 |
|
|
|
a) Other incomes |
3.208,00 |
0,01 |
75,00 |
0,00 |
|
|
|
b) Operating grants included in the exercise result |
|
|
7.614,00 |
0,04 |
|
|
|
6. Labour cost |
-5.708.059,00 |
-22,34 |
-5.520.858,00 |
-27,04 |
-4.975.851,00 |
-87,03 |
|
a) Wages and similar expenses |
-4.999.119,00 |
-19,56 |
-4.805.514,00 |
-23,54 |
-4.345.967,00 |
-76,01 |
|
b) Social costs |
-708.940,00 |
-2,77 |
-715.344,00 |
-3,50 |
-629.884,00 |
-11,02 |
|
7. Other operating costs |
-5.403.898,00 |
-21,15 |
-4.904.417,00 |
-24,02 |
-3.964.881,00 |
-69,35 |
|
a) External services |
-5.088.685,00 |
-19,91 |
-3.985.663,00 |
-19,52 |
-3.898.165,00 |
-68,18 |
|
b) Taxes |
-313.730,00 |
-1,23 |
-789.200,00 |
-3,87 |
-15.347,00 |
-0,27 |
|
c) Losses, deterioration and variation on business operations
provisions |
|
|
|
|
-9.284,00 |
-0,16 |
|
d) Other day to day expenses |
-1.483,00 |
-0,01 |
-129.554,00 |
-0,63 |
-42.085,00 |
-0,74 |
|
8. Amortization of fixed assets |
-112.446,00 |
-0,44 |
-155.044,00 |
-0,76 |
-135.220,00 |
-2,37 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
-12.375,00 |
-0,06 |
|
|
|
b) Results for disposals and others |
|
|
-12.375,00 |
-0,06 |
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
742,00 |
0,00 |
386.950,00 |
1,90 |
453.896,00 |
7,94 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
14.295.735,00 |
55,94 |
10.192.390,00 |
49,92 |
-2.941.627,00 |
-51,45 |
|
14. Financial income |
139,00 |
0,00 |
611,00 |
0,00 |
8.965.079,00 |
156,80 |
|
a) From net worth instruments participations |
|
|
|
|
6.500.000,00 |
113,69 |
|
a 1) On group and associated companies |
|
|
|
|
6.500.000,00 |
113,69 |
|
b) From negotiable values and other financial instruments |
139,00 |
0,00 |
611,00 |
0,00 |
2.465.079,00 |
43,11 |
|
b 1) From group and associated companies |
|
|
|
|
2.465.065,00 |
43,11 |
|
b 2) From third parties |
139,00 |
0,00 |
611,00 |
0,00 |
14,00 |
0,00 |
|
15. Financial expenses |
-4.506.082,00 |
-17,63 |
-4.451.907,00 |
-21,80 |
-4.434.232,00 |
-77,55 |
|
a) For debts with associated and affiliated companies |
-1.525.632,00 |
-5,97 |
-2.301.696,00 |
-11,27 |
-1.987.330,00 |
-34,76 |
|
b) For debts with third parties |
-2.980.450,00 |
-11,66 |
-2.150.211,00 |
-10,53 |
-2.446.902,00 |
-42,80 |
|
16. Reasonable value variation on financial instruments |
507,00 |
0,00 |
21.409,00 |
0,10 |
-9.855,00 |
-0,17 |
|
a) Negotiation portfolio and others |
|
|
21.409,00 |
0,10 |
-9.855,00 |
-0,17 |
|
b) Allocation to the exercise result for financial assets available
for sale |
507,00 |
0,00 |
|
|
|
|
|
17. Exchange differences |
-99.832,00 |
-0,39 |
124.362,00 |
0,61 |
215.856,00 |
3,78 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
-23.421,00 |
-0,11 |
527.408,00 |
9,22 |
|
a) Deteriorations and losses |
|
|
-23.421,00 |
-0,11 |
527.408,00 |
9,22 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-4.605.268,00 |
-18,02 |
-4.328.946,00 |
-21,20 |
5.264.256,00 |
92,07 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
9.690.467,00 |
37,92 |
5.863.444,00 |
28,72 |
2.322.629,00 |
40,62 |
|
20. Taxes on profits |
2.154.163,00 |
8,43 |
2.033.211,00 |
9,96 |
1.214.767,00 |
21,25 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
11.844.630,00 |
46,35 |
7.896.655,00 |
38,67 |
3.537.396,00 |
61,87 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
11.844.630,00 |
46,35 |
7.896.655,00 |
38,67 |
3.537.396,00 |
61,87 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/4) |
31/12/2011 (12) |
31/12/2010 (12) |
31/12/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
11.844.630,00 |
7.896.655,00 |
3.537.396,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
-80.033,00 |
-102.960,00 |
-238.859,00 |
|
III. Received legacies, grants and subventions |
|
|
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
24.011,00 |
30.887,00 |
71.658,00 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
-56.022,00 |
-72.073,00 |
-167.201,00 |
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
110.765,00 |
453.147,00 |
-251.397,00 |
|
X. Received legacies, grants and subventions |
|
|
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
-33.230,00 |
-135.944,00 |
75.419,00 |
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
77.535,00 |
317.203,00 |
-175.978,00 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
11.866.143,00 |
8.141.785,00 |
3.194.217,00 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /4) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
(NET WORTH OWN SHARES AND PARTICIPATIONS) |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
9.645.545,00 |
24.677.067,00 |
24.770.163,00 |
-671.438,00 |
|
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) |
9.645.545,00 |
24.677.067,00 |
24.770.163,00 |
-671.438,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
9.645.545,00 |
24.677.067,00 |
24.770.163,00 |
-671.438,00 |
|
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) |
9.645.545,00 |
24.677.067,00 |
24.770.163,00 |
-671.438,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
9.645.545,00 |
24.677.067,00 |
24.770.163,00 |
-671.438,00 |
|
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) |
9.645.545,00 |
24.677.067,00 |
24.770.163,00 |
-671.438,00 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
4. (-) Dividends distribution |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
9.645.545,00 |
24.677.067,00 |
24.770.163,00 |
-671.438,00 |
|
NET WORTH CHANGES ( 3 /4) |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
(INTERIM DIVIDEND) |
VALUE CHANGES ADJUSTMENTS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-12.409.267,00 |
2.058.370,00 |
|
-11.323,00 |
|
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) |
-12.409.267,00 |
2.058.370,00 |
|
-11.323,00 |
|
I. Total recognized income and expenses |
|
3.537.396,00 |
|
-343.179,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
2.058.370,00 |
-2.058.370,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
-10.350.897,00 |
3.537.396,00 |
|
-354.502,00 |
|
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) |
-10.350.897,00 |
3.537.396,00 |
|
-354.502,00 |
|
I. Total recognized income and expenses |
|
7.896.655,00 |
|
245.130,00 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
3.537.396,00 |
-3.537.396,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
-6.813.501,00 |
7.896.655,00 |
|
-109.372,00 |
|
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) |
-6.813.501,00 |
7.896.655,00 |
|
-109.372,00 |
|
I. Total recognized income and expenses |
|
11.844.630,00 |
|
21.513,00 |
|
II. Operations with partners or owners |
|
-3.000.000,00 |
-750.000,00 |
|
|
4. (-) Dividends distribution |
|
-3.000.000,00 |
-750.000,00 |
|
|
III. Other net worth variations |
4.896.655,00 |
-4.896.655,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
-1.916.846,00 |
11.844.630,00 |
-750.000,00 |
-87.859,00 |
|
NET WORTH CHANGES ( 4 /4) |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
26.212,00 |
48.085.329,00 |
|
|
|
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) |
26.212,00 |
48.085.329,00 |
|
|
|
I. Total recognized income and expenses |
|
3.194.217,00 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
26.212,00 |
51.279.546,00 |
|
|
|
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) |
26.212,00 |
51.279.546,00 |
|
|
|
I. Total recognized income and expenses |
|
8.141.785,00 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
26.212,00 |
59.421.331,00 |
|
|
|
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) |
26.212,00 |
59.421.331,00 |
|
|
|
I. Total recognized income and expenses |
|
11.866.143,00 |
|
|
|
II. Operations with partners or owners |
|
-3.750.000,00 |
|
|
|
4. (-) Dividends distribution |
|
-3.750.000,00 |
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
26.212,00 |
67.537.474,00 |
|
|
CASH FLOW STATUS
Figures given in €
|
|
31/12/2011 (12) |
31/12/2010 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
1. exercise result before taxes |
9.690.467,00 |
5.863.444,00 |
|
2. Results adjustments |
-14.177.332,00 |
-8.166.206,00 |
|
a) Amortization of fixed assets (+) |
112.446,00 |
155.044,00 |
|
b) Value correction for deterioration (+/-) |
|
23.421,00 |
|
e) Results for decline and disposal of fixed assets (+/-) |
|
12.375,00 |
|
g) Financial income (-) |
-2.210.232,00 |
-12.663.182,00 |
|
f) Financial expenses (+) |
4.506.082,00 |
4.451.907,00 |
|
i) Change difference (+/-) |
99.832,00 |
-124.362,00 |
|
j) Reasonable value variation on financial instruments (+/-) |
-507,00 |
-21.409,00 |
|
k) Other income and expenses (-/+) |
-16.684.953,00 |
|
|
3. Changes in current capital |
-2.416.641,00 |
29.660.627,00 |
|
b) Debtors and other receivable accounts (+/-) |
-1.576.798,00 |
1.003.310,00 |
|
c) Other current assets (+/-) |
-11.989,00 |
27.484.882,00 |
|
d) Creditors and other payable accounts (+/-) |
-827.854,00 |
1.172.435,00 |
|
4. Other cash flow coming from operating activities |
8.589.009,00 |
11.660.762,00 |
|
a) Interests payments (-) |
-3.096.083,00 |
-2.502.420,00 |
|
b) Dividends collections (+) |
11.684.953,00 |
14.162.571,00 |
|
c) Interests collections (+) |
139,00 |
611,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
1.685.503,00 |
39.018.627,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
6. Investment payments (-) |
-1.855.195,00 |
-34.792.784,00 |
|
a) Group and associated companies |
-1.413.252,00 |
-34.223.364,00 |
|
b) Intangible assets |
-396.246,00 |
-81.909,00 |
|
c) Tangible assets |
-45.697,00 |
-443.637,00 |
|
e) Other financial assets |
|
-43.874,00 |
|
7. Disinvestment collections (+) |
39.358,00 |
|
|
e) Other financial assets |
39.358,00 |
|
|
8. Cash Flow in investment activities (6 + 7) |
-1.815.837,00 |
-34.792.784,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
9. Net worth instruments collections and payments |
|
|
|
10. Financial liabilities instruments collections and payments |
4.402.790,00 |
-2.360.162,00 |
|
a) Issue |
33.706.682,00 |
13.249.835,00 |
|
2. Debts with bank entities (+) |
33.706.682,00 |
13.249.835,00 |
|
b) Return and amortization of |
-29.303.892,00 |
-15.609.997,00 |
|
2. Debts with bank entities (-) |
-17.283.650,00 |
-15.609.997,00 |
|
5. Other debts (-) |
-12.020.242,00 |
|
|
11. Payments for dividends and remunerations of other net worth
instruments |
-3.405.503,00 |
|
|
a) Dividends (-) |
-3.405.503,00 |
|
|
12. Cash Flow in financing activities (9 + 10 + 11) |
997.287,00 |
-2.360.162,00 |
|
D) Exchange rate variations effect |
-95.150,00 |
128.225,00 |
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
771.803,00 |
1.993.906,00 |
|
Cash or equivalents at the beginning of the exercise |
2.909.625,00 |
915.719,00 |
|
Cash or equivalents at the end of the exercise |
3.681.427,00 |
2.909.625,00 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
-68.720.115,00 |
3,29 |
-71.060.622,00 |
-119,57 |
-32.363.060,00 |
|
Working capital ratio |
-0,38 |
5,00 |
-0,40 |
-110,53 |
-0,19 |
|
Soundness Ratio |
0,45 |
12,50 |
0,40 |
-11,11 |
0,45 |
|
Average Collection Period (days) |
102 |
2,16 |
100 |
-76,18 |
420 |
|
Average Payment Period (days) |
2.814 |
-38,14 |
4.549 |
10,71 |
4.109 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
31,55 |
11,17 |
28,38 |
-54,45 |
62,30 |
|
Quick Ratio (%) |
3,79 |
23,86 |
3,06 |
152,89 |
1,21 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
60,65 |
-4,55 |
63,54 |
-4,82 |
66,76 |
|
External Financing Average Cost |
0,04 |
0,00 |
0,04 |
0,00 |
0,04 |
|
Debt Service Coverage |
65,82 |
2.169,66 |
2,90 |
-90,57 |
30,74 |
|
Interest Coverage |
3,17 |
38,43 |
2,29 |
446,97 |
-0,66 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
6,60 |
-96,55 |
191,17 |
197,63 |
64,23 |
|
Auto financing generated by Assets (%) |
0,92 |
-95,80 |
21,91 |
909,68 |
2,17 |
|
Breakdown Point |
2,27 |
13,50 |
2,00 |
203,03 |
0,66 |
|
Average Sales Volume per Employee |
399.248,52 |
19,32 |
334.600,92 |
268,69 |
90.754,62 |
|
Average Cost per Employee |
89.188,42 |
-1,46 |
90.505,87 |
14,59 |
78.981,76 |
|
Assets Turnover |
0,14 |
16,67 |
0,12 |
300,00 |
0,03 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
7,82 |
36,71 |
5,72 |
428,74 |
-1,74 |
|
Operating Profitability (%) |
7,88 |
35,86 |
5,80 |
449,40 |
-1,66 |
|
Return on Equity (ROE) (%) |
14,34 |
45,58 |
9,85 |
118,89 |
4,50 |
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 |
82,68 |
83,51 |
-0,83 |
|
A) CURRENT ASSETS |
17,32 |
16,49 |
0,83 |
|
LIABILITIES |
|||
|
A) NET WORTH |
36,92 |
50,23 |
-13,31 |
|
B) NON CURRENT LIABILITIES |
8,19 |
36,50 |
-28,31 |
|
C) CURRENT LIABILITIES |
54,89 |
13,27 |
41,62 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,99 |
97,44 |
2,55 |
|
Other operating income |
0,01 |
2,56 |
-2,55 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-0,14 |
-4,70 |
4,56 |
|
Variation in stocks of finished goods and work in progress |
|
-0,23 |
|
|
GROSS MARGIN |
99,86 |
95,07 |
4,79 |
|
Other operating costs |
-21,15 |
-23,26 |
2,11 |
|
Labour cost |
-22,34 |
-20,19 |
-2,15 |
|
GROSS OPERATING RESULT |
56,38 |
51,61 |
4,77 |
|
Amortization of fixed assets |
-0,44 |
-2,43 |
1,99 |
|
Deterioration and result for fixed assets disposal |
|
-1,98 |
|
|
Other expenses / income |
|
-0,23 |
|
|
NET OPERATING RESULT |
55,94 |
46,97 |
8,97 |
|
Financial result |
-18,02 |
-32,95 |
14,93 |
|
RESULT BEFORE TAX |
37,92 |
14,02 |
23,90 |
|
Taxes on profits |
8,43 |
3,46 |
4,97 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
46,35 |
17,48 |
28,87 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
46,35 |
17,48 |
28,87 |
|
Amortization of fixed assets |
-0,44 |
-2,43 |
1,99 |
|
Deterioration and provisions variation |
|
0,09 |
|
|
|
46,79 |
19,82 |
26,97 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-68.720.115,00 |
286.508,55 |
3.287.611,50 |
11.160.747,06 |
|
Working capital ratio |
-0,38 |
0,01 |
0,06 |
0,23 |
|
Soundness Ratio |
0,45 |
0,45 |
0,86 |
1,14 |
|
Average Collection Period (days) |
102 |
16 |
57 |
143 |
|
Average Payment Period (days) |
2.814 |
152 |
468 |
1.479 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
31,55 |
99,50 |
134,89 |
269,08 |
|
Quick Ratio (%) |
3,79 |
1,54 |
14,32 |
75,48 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
60,65 |
12,21 |
38,46 |
62,54 |
|
External Financing Average Cost |
0,04 |
0,02 |
0,03 |
0,04 |
|
Debt Service Coverage |
65,82 |
-3,26 |
2,11 |
5,92 |
|
Interest Coverage |
3,17 |
1,02 |
3,73 |
22,03 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
6,60 |
-2,83 |
25,01 |
49,50 |
|
Auto financing generated by Assets (%) |
0,92 |
-0,72 |
4,55 |
13,30 |
|
Breakdown Point |
2,27 |
1,09 |
1,95 |
4,38 |
|
Average Sales Volume per Employee |
399.248,52 |
128.513,89 |
443.132,86 |
888.705,88 |
|
Average Cost per Employee |
89.188,42 |
53.082,35 |
66.678,57 |
101.545,45 |
|
Assets Turnover |
0,14 |
0,07 |
0,17 |
0,37 |
|
Inventory Turnover (days) |
0 |
0 |
0 |
13 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
7,82 |
2,43 |
5,84 |
11,52 |
|
Operating Profitability (%) |
7,88 |
2,08 |
6,34 |
12,48 |
|
Return on Equity (ROE) (%) |
14,34 |
-0,26 |
6,98 |
39,49 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
|
1 |
Rs.83.66 |
|
Euro |
1 |
Rs.70.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.