MIRA INFORM REPORT
|
Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
CONSERVAS BAIGORRI DE LUIS SL |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
02.06.2005 |
|
|
|
|
Legal Form : |
Sole-partnered Limited Liability Company |
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|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
After almost 15 years of above average GDP growth, the
Spanish economy began to slow in late 2007 and entered into a recession in the
second quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth
trend, and by another 0.3% in 2010; GDP expanded 0.4% in 2011, before
contracting 1.4% in 2012. The economy has once again fallen into recession as
deleveraging in the private sector, fiscal consolidation, and continued high
unemployment weigh on domestic demand and investment, even as exports have
shown signs of resiliency. The unemployment rate rose from a low of about 8% in
2007 to 26.0% in 2012. The economic downturn has also hurt Spain's public
finances. The government budget deficit peaked at 11.2% of GDP in 2010 and the
process to reduce this imbalance has been slow despite the central government's
efforts to raise new tax revenue and cut spending. Spain reduced its budget
deficit to 9.4% of GDP in 2011, and roughly 7.4% of GDP in 2012, above the 6.3%
target negotiated between Spain and the EU. Although Spain's large budget
deficit and poor economic growth prospects remain a source of concern for
foreign investors, the government's ongoing efforts to cut spending and
introduce flexibility into the labor markets are intended to assuage these concerns.
The government is also taking steps to shore up the banking system, namely by
using up to $130 billion in EU funds to recapitalize struggling banks exposed
to the collapsed domestic construction and real estate sectors.
Source
: CIA
Company name
CONSERVAS BAIGORRI DE LUIS SL
CIF/NIF: B31852791
Company situation: Active
EXECUTIVE SUMMARY
Identification
Current Business Name: CONSERVAS BAIGORRI DE LUIS SL
Other names: YES
Current Address: AVENIDA DE NAVARRA, 74
Branches: 1
Telephone number: 948694264 Fax: 948694964
Corporate e-mail: conservasandresbaigorri@fer.es
Trade Risk
Credit appraisal: 34.000,00
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Latest sales known (2013): 2.957.476,41
(Forecast)
Balance sheet latest sales (2011): 3.190.373,70 (Mercantile Register)
Result: 53.107,98
Total Assets: 1.848.169,54
Share capital: 100.000,00
Employees: 5
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 02/06/2005
Activity: Wholesale of fruits, vegetables,
greenness
NACE 2009 CODE: 4631
International Operations: Imports
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 09/09/2010 Annual Filed Accounts
Latest press article: No press articles registered for this
company
Bank Entities: There are
TRADE RISK
Financial situation
|
Exercise:2011 |
Evolution |
|||
|
Immediate
liquidity |
Limited |
|
|
|
|
Indebtedness |
Very important |
|
|
|
|
Profitability |
Sufficient |
|
|
|
|
Soundness |
Excellent |
|
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Good |
Rating Explanation
Financial situation
The companys financial situation is normal.
The companys financial situation evolution has
been stable.
The sales evolution and results has
been positive.
Company Structure
The companys capitalization degree determines that
its structure is normal.
The companys size is small depending on
its sales volume.
The employees evolution has been stable.
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 |
10 |
There has been a change in the formula version. |
|
05/09/2012 |
Equal |
13 |
New financial statements have been uploaded. |
|
06/08/2012 |
Increase |
13 |
New information has been loaded on our systems. |
|
22/06/2012 |
Reduction |
12 |
New information has been loaded on our systems. |
|
01/03/2012 |
Increase |
13 |
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal actions registered .
ADMINISTRATIVE CLAIMS: No administrative claims registered .
AFFECTED BY: No significant element.
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 Crιdito 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 Crιdito 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
20/05/2013 09:05:17
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 |
40.060,14 |
2,17 |
36.499,81 |
2,85 |
51.257,88 |
5,03 |
|
B) CURRENT ASSETS |
1.808.109,40 |
97,83 |
1.242.004,68 |
97,15 |
967.502,89 |
94,97 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
178.342,72 |
9,65 |
125.630,47 |
9,83 |
85.259,21 |
8,37 |
|
B) NON CURRENT LIABILITIES |
20.995,97 |
1,14 |
23.643,32 |
1,85 |
36.694,96 |
3,60 |
|
C) CURRENT LIABILITIES |
1.648.830,85 |
89,21 |
1.129.230,70 |
88,32 |
896.806,60 |
88,03 |
Profit and loss account analysis
Figures given in
|
|
2013 FORECAST |
2012 ESTIMATED |
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
2.957.476,41 |
3.286.084,91 |
3.190.373,70 |
|
2.416.820,71 |
|
|
GROSS MARGIN |
|
|
732.109,26 |
22,95 |
458.426,16 |
18,97 |
|
EBITDA |
|
|
143.415,03 |
4,50 |
125.278,99 |
5,18 |
|
EBIT |
|
|
133.331,62 |
4,18 |
106.251,16 |
4,40 |
|
NET RESULT |
|
|
53.107,98 |
1,66 |
42.021,60 |
1,74 |
|
EFFECTIVE TAX RATE (%) |
|
|
31,12 |
0,00 |
29,01 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
2,17 |
40,53 |
-38,36 |
|
A) CURRENT ASSETS |
97,83 |
59,47 |
38,36 |
|
LIABILITIES |
|||
|
A) NET WORTH |
9,65 |
36,05 |
-26,40 |
|
B) NON CURRENT LIABILITIES |
1,14 |
16,19 |
-15,05 |
|
C) CURRENT LIABILITIES |
89,21 |
47,76 |
41,45 |
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
SALES |
100,00 |
99,03 |
0,97 |
|
GROSS MARGIN |
22,95 |
23,48 |
-0,53 |
|
EBITDA |
4,50 |
3,75 |
0,75 |
|
EBIT |
4,18 |
2,02 |
2,16 |
|
NET RESULT |
1,66 |
1,11 |
0,55 |
Sector Composition
Compared sector (NACE 2009): 4631
Number of companies: 591
Size (sales figure): 2,800,000.00 - 7,000,000.00 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 |
53.107,98 |
Legal Reserve |
5.310,80 |
|
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 |
47.797,18 |
|
Total of Amounts to be distributed |
53.107,98 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
53.107,98 |
ADDRESSES
Current Legal Seat Address:
AVENIDA DE NAVARRA, 74
31580 LODOSA
NAVARRA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE CALDERIN (PG IND EL RAMAL 2), 3 |
31580 |
LODOSA |
Navarra |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
12/01/2006)
Operative Board Members : 3 (latest change: 30/11/2009)
Non-current positions : 2 (latest change: 12/01/2006)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
CEBRIAN SAN, MARTIN IGNACIO |
12/01/2006 |
|
|
|
|
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00
|
POSITION |
NAME AND SURNAME |
|
Manager |
BAIGORRI DE LUIS, ANDRES |
|
Financial Manager |
BAIGORRI DE LUIS, ANDRES |
|
Commercial Director |
BAIGORRI DE LUIS, ANDRES |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CEBRIAN SAN MARTIN IGNACIO |
|
100,00 |
OWN SOURCES |
24/05/2013 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
OLIVAN RIPA JOSEFINA |
|
100,00 |
B.O.R.M.E. |
12/01/2006 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: MARTIN IGNACIO CEBRIAN SAN
|
COMPANY |
POSITION |
PROVINCE |
|
EXCLUSIVAS QUIRURGICAS TEKO SL |
Administrador Ϊnico |
LA RIOJA |
|
GLOBAL BUSINESS LUCLA SOCIEDAD LIMITADA |
Administrador Ϊnico |
LA RIOJA |
In case you need more information you can request:Board Members
Monitoring
BUSINESS INFORMATION
Incorporation date: 02/06/2005
Establishment date: 01/01/2005
Founders Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Code: 1612300
Activity: Wholesale of fruits, vegetables, greenness
NACE 2009 CODE: 4631
NACE 2009 Activity: Wholesale of fruit and vegetables
Business: THE
COMPANY IS TO: A. PURCHASE AND SALE
WHOLESALE AND RETAIL,
STORAGE, REPRESENTATION, DISTRIBUTION, MARKETING,
IN FRANCHISE OR
NOT PRODUCTS IMPORT AND EXPORT OF
POWER
Activity description: Wholesaling of canned
vegetables
Latest employees figure: 5 (2013)
% of fixed employees: 100,00%
% of men: 100,00%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
4 |
|
PURCHASES
Import Percentage: 53%
Imports from: OTROS PAΝSES
National Distribution: 47%
SALES
National Distribution: 100%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO DE SABADELL, S.A. |
0343 |
C GRAN VIA JUAN CARLOS I 000003 |
LOGROΡO |
La Rioja |
|
CAJA R. DE NAVARRA, S.C.C. |
0166 |
SIETE INFANTES DE LARA, 10-12-14 |
LOGROΡO |
La Rioja |
|
BANCO POPULAR ESPAΡOL, S.A. |
4698 |
DIPUTACION, 8 |
LODOSA |
Navarra |
Discount facilities: 0
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Credit policy |
Granted limit:275.000,00 Used limit:194.116,98 Available limit:80.883,02
Source: Filed
Accounts (2011) |
Brand name: CONPINCHA (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 06/10/2006
Brand name: BAIGORRI DE LUIS (Valid)
Type: JOINT Scope: NATIONAL Date: 07/07/2006
Brand name: BAIGORRI (Valid)
Type: JOINT Scope: NATIONAL Date: 17/10/1997
LEGAL STRUCTURE
Constitution Data
Register Date: 02/06/2005
Register town: Navarra
Announcement number: 300245
Register data:
Volume 1135, Folio 82, Section 8, Sheet 22756,
Inscription I/A 1 (2005-06-21)
Share capital: 40.000
Legal form: Sole-partnered Limited Liability Company
Share capital: 100.000,00
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
Acts on activity: 0
Acts on administrators: 5 (Last: 12/01/2006, first:
01/07/2005)
Acts on capital: 0
Acts on creation: 1 (Last: 01/07/2005)
Acts on filed accounts: 5 (Last: 09/09/2010, first:
13/09/2006)
Acts on identification: 0
Acts on Information: 4 (Last: 12/01/2006, first:
01/07/2005)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Annual Filed Accounts (2009) |
09/09/2010 |
507255 |
Navarra |
|
Annual Filed Accounts (2008) |
23/12/2009 |
1053883 |
Navarra |
|
Annual Filed Accounts (2007) |
11/09/2008 |
489173 |
Navarra |
|
Annual Filed Accounts (2006) |
13/09/2007 |
499281 |
Navarra |
|
Annual Filed Accounts (2005) |
13/09/2006 |
429190 |
Navarra |
|
Resignations |
12/01/2006 |
19037 |
Navarra |
|
Other concepts |
12/01/2006 |
19036 |
Navarra |
|
Modification of the Articles of Association |
12/01/2006 |
19036 |
Navarra |
|
Appointments |
12/01/2006 |
19036 |
Navarra |
|
Resignations |
12/01/2006 |
19036 |
Navarra |
PRESS ARTICLES
No 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 05/09/2012.
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 |
40.060,14 |
2,17 |
36.499,81 |
2,85 |
51.257,88 |
5,03 |
|
I. Intangible assets |
1.524,85 |
0,08 |
2.037,37 |
0,16 |
1,00 |
0,00 |
|
II. Tangible fixed assets |
34.935,29 |
1,89 |
29.876,41 |
2,34 |
47.739,58 |
4,69 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
3.600,00 |
0,19 |
3.600,00 |
0,28 |
1.800,00 |
0,18 |
|
VI. Assets by deferred taxes |
|
|
986,03 |
0,08 |
1.717,30 |
0,17 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.808.109,40 |
97,83 |
1.242.004,68 |
97,15 |
967.502,89 |
94,97 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
895.038,89 |
48,43 |
645.258,70 |
50,47 |
524.067,80 |
51,44 |
|
III. Trade Debtors and other receivable
accounts |
819.188,85 |
44,32 |
479.550,01 |
37,51 |
376.863,86 |
36,99 |
|
1. Clients |
771.645,71 |
41,75 |
457.977,32 |
35,82 |
301.088,45 |
29,55 |
|
b) Clients for sales and
short term services rendering |
771.645,71 |
41,75 |
457.977,32 |
35,82 |
301.088,45 |
29,55 |
|
3. Other debtors |
47.543,14 |
2,57 |
21.572,69 |
1,69 |
75.775,41 |
7,44 |
|
IV. Short term investments in associated
and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
93.881,66 |
5,08 |
117.195,97 |
9,17 |
66.571,23 |
6,53 |
|
TOTAL ASSETS (A + B) |
1.848.169,54 |
100,00 |
1.278.504,49 |
100,00 |
1.018.760,77 |
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 |
178.342,72 |
9,65 |
125.630,47 |
9,83 |
85.259,21 |
8,37 |
|
A-1) Equity |
178.342,72 |
9,65 |
125.630,47 |
9,83 |
85.259,21 |
8,37 |
|
I. Capital |
100.000,00 |
5,41 |
100.000,00 |
7,82 |
100.000,00 |
9,82 |
|
1. Authorized capital |
100.000,00 |
5,41 |
100.000,00 |
7,82 |
100.000,00 |
9,82 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
25.234,74 |
1,37 |
514,68 |
0,04 |
2.165,02 |
0,21 |
|
IV. (Net worth own shares and
participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
-16.905,81 |
-1,32 |
-58.528,67 |
-5,75 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
53.107,98 |
2,87 |
42.021,60 |
3,29 |
41.622,86 |
4,09 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and
subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
20.995,97 |
1,14 |
23.643,32 |
1,85 |
36.694,96 |
3,60 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
20.995,97 |
1,14 |
23.643,32 |
1,85 |
36.694,96 |
3,60 |
|
1. Debts with bank entities |
|
|
|
|
10.484,44 |
1,03 |
|
3. Other long term debts |
20.995,97 |
1,14 |
23.643,32 |
1,85 |
26.210,52 |
2,57 |
|
III. Long term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
1.648.830,85 |
89,21 |
1.129.230,70 |
88,32 |
896.806,60 |
88,03 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
656.775,66 |
35,54 |
462.163,39 |
36,15 |
415.062,34 |
40,74 |
|
1. Debts with bank entities |
656.775,66 |
35,54 |
462.163,39 |
36,15 |
410.626,26 |
40,31 |
|
2. Financial leasing creditors |
|
|
|
|
4.436,08 |
0,44 |
|
IV. Short term debts with associated and
affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable
accounts |
992.055,19 |
53,68 |
667.067,31 |
52,18 |
481.744,26 |
47,29 |
|
1. Suppliers |
747.334,73 |
40,44 |
529.740,40 |
41,43 |
381.346,80 |
37,43 |
|
b) Short term suppliers |
747.334,73 |
40,44 |
529.740,40 |
41,43 |
381.346,80 |
37,43 |
|
2. Other creditors |
244.720,46 |
13,24 |
137.326,91 |
10,74 |
100.397,46 |
9,85 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
1.848.169,54 |
100,00 |
1.278.504,49 |
100,00 |
1.018.760,77 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
3.190.373,70 |
100,00 |
2.416.820,71 |
100,00 |
1.556.241,25 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-2.458.264,44 |
-77,05 |
-1.958.394,55 |
-81,03 |
-1.172.945,30 |
-75,37 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-152.353,61 |
-4,78 |
-119.301,05 |
-4,94 |
-111.849,81 |
-7,19 |
|
7. Other operating costs |
-426.472,08 |
-13,37 |
-209.589,39 |
-8,67 |
-160.870,20 |
-10,34 |
|
8. Amortization of fixed assets |
-10.083,41 |
-0,32 |
-19.027,83 |
-0,79 |
-19.319,41 |
-1,24 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
-479,69 |
-0,03 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-9.868,54 |
-0,31 |
-4.256,73 |
-0,18 |
8.220,30 |
0,53 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
133.331,62 |
4,18 |
106.251,16 |
4,40 |
98.997,14 |
6,36 |
|
14. Financial income |
269,92 |
0,01 |
134,37 |
0,01 |
785,98 |
0,05 |
|
b) Other financial income |
269,92 |
0,01 |
134,37 |
0,01 |
785,98 |
0,05 |
|
15. Financial expenses |
-62.719,76 |
-1,97 |
-42.409,36 |
-1,75 |
-42.090,50 |
-2,70 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
6.218,25 |
0,19 |
-4.784,91 |
-0,20 |
1.590,19 |
0,10 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-56.231,59 |
-1,76 |
-47.059,90 |
-1,95 |
-39.714,33 |
-2,55 |
|
C) RESULT BEFORE TAXES (A + B) |
77.100,03 |
2,42 |
59.191,26 |
2,45 |
59.282,81 |
3,81 |
|
20. Taxes on profits |
-23.992,05 |
-0,75 |
-17.169,66 |
-0,71 |
-17.659,95 |
-1,13 |
|
D) EXERCISE RESULT (C + 20) |
53.107,98 |
1,66 |
42.021,60 |
1,74 |
41.622,86 |
2,67 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
For the financial statements presented under the SMEs model (PYMES),
the Net Worth Changes Status is formed by a single table. For the rest of the
cases there would be shown the two tables corresponding to the mentioned status
with the exception of the company not having operations reflected in the
Status of recognized income and expenses and that, for this reason, it has no
data.
Total net worth changes status
Figures given in
|
NET WORTH CHANGES ( 1 /2) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
100.000,00 |
2.375,41 |
-71.064,25 |
12.535,58 |
|
I. Adjustments by change of criteria in
the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2008) |
|
-210,39 |
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2009) |
100.000,00 |
2.165,02 |
-71.064,25 |
12.535,58 |
|
I. Total recognized income and expenses |
|
|
|
41.622,86 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
12.535,58 |
-12.535,58 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
100.000,00 |
2.165,02 |
-58.528,67 |
41.622,86 |
|
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) |
100.000,00 |
2.165,02 |
-58.528,67 |
41.622,86 |
|
I. Total recognized income and expenses |
|
|
|
42.021,60 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
-1.650,34 |
41.622,86 |
-41.622,86 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
100.000,00 |
514,68 |
-16.905,81 |
42.021,60 |
|
I. Adjustments by change of criteria in
the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2010) |
|
-395,73 |
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2011) |
100.000,00 |
118,95 |
-16.905,81 |
42.021,60 |
|
I. Total recognized income and expenses |
|
|
|
53.107,98 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
25.115,79 |
16.905,81 |
-42.021,60 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
100.000,00 |
25.234,74 |
|
53.107,98 |
|
NET WORTH CHANGES ( 2 /2) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
43.846,74 |
|
||
|
I. Adjustments by change of criteria in
the exercise (2008) |
|
|
||
|
II. Adjustments by errors in the exercise
(2008) |
-210,39 |
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2009) |
43.636,35 |
|
||
|
I. Total recognized income and expenses |
41.622,86 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
85.259,21 |
|
||
|
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) |
85.259,21 |
|
||
|
I. Total recognized income and expenses |
42.021,60 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
-1.650,34 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
125.630,47 |
|
||
|
I. Adjustments by change of criteria in
the exercise (2010) |
|
|
||
|
II. Adjustments by errors in the exercise
(2010) |
-395,73 |
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2011) |
125.234,74 |
|
||
|
I. Total recognized income and expenses |
53.107,98 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
178.342,72 |
|
||
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital () |
159.278,55 |
41,24 |
112.773,98 |
59,52 |
70.696,29 |
|
Working capital ratio |
0,09 |
0,00 |
0,09 |
28,57 |
0,07 |
|
Soundness Ratio |
4,45 |
29,36 |
3,44 |
107,23 |
1,66 |
|
Average Collection Period (days) |
93 |
29,80 |
71 |
-18,18 |
87 |
|
Average Payment Period (days) |
124 |
11,69 |
111 |
-14,68 |
130 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
109,66 |
-0,30 |
109,99 |
1,96 |
107,88 |
|
Quick Ratio (%) |
5,69 |
-45,18 |
10,38 |
39,89 |
7,42 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
36,67 |
-3,50 |
38,00 |
-14,30 |
44,34 |
|
External Financing Average Cost |
0,09 |
0,00 |
0,09 |
0,00 |
0,09 |
|
Debt Service Coverage |
10,73 |
34,80 |
7,96 |
7,42 |
7,41 |
|
Interest Coverage |
2,13 |
-15,14 |
2,50 |
6,81 |
2,35 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
1,98 |
-21,74 |
2,53 |
-35,46 |
3,92 |
|
Auto financing generated by Assets (%) |
3,42 |
-28,45 |
4,78 |
-20,07 |
5,98 |
|
Breakdown Point |
1,04 |
-0,95 |
1,05 |
-1,87 |
1,07 |
|
Average Sales Volume per Employee |
607.690,23 |
6,86 |
568.663,70 |
64,43 |
345.831,39 |
|
Average Cost per Employee |
29.019,74 |
3,38 |
28.070,84 |
12,94 |
24.855,51 |
|
Assets Turnover |
1,73 |
-8,47 |
1,89 |
23,53 |
1,53 |
|
Inventory Turnover (days) |
131 |
10,64 |
118 |
-26,40 |
161 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
7,21 |
-13,24 |
8,31 |
-14,51 |
9,72 |
|
Operating Profitability (%) |
7,76 |
-20,82 |
9,80 |
-15,30 |
11,57 |
|
Return on Equity (ROE) (%) |
43,23 |
-8,26 |
47,12 |
-32,23 |
69,53 |
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 |
2,17 |
40,53 |
-38,36 |
|
A) CURRENT ASSETS |
97,83 |
59,47 |
38,36 |
|
LIABILITIES |
|||
|
A) NET WORTH |
9,65 |
36,05 |
-26,40 |
|
B) NON CURRENT LIABILITIES |
1,14 |
16,19 |
-15,05 |
|
C) CURRENT LIABILITIES |
89,21 |
47,76 |
41,45 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
99,03 |
0,97 |
|
Other operating income |
|
0,97 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-77,05 |
-76,54 |
-0,51 |
|
Variation in stocks of finished goods and work in progress |
|
0,02 |
|
|
GROSS MARGIN |
22,95 |
23,48 |
-0,53 |
|
Other operating costs |
-13,37 |
-10,33 |
-3,04 |
|
Labour cost |
-4,78 |
-9,81 |
5,03 |
|
GROSS OPERATING RESULT |
4,80 |
3,34 |
1,46 |
|
Amortization of fixed assets |
-0,32 |
-1,72 |
1,40 |
|
Deterioration and result for fixed assets disposal |
|
0,00 |
|
|
Other expenses / income |
|
0,41 |
|
|
NET OPERATING RESULT |
4,18 |
2,02 |
2,16 |
|
Financial result |
-1,76 |
-0,55 |
-1,21 |
|
RESULT BEFORE TAX |
2,42 |
1,47 |
0,95 |
|
Taxes on profits |
-0,75 |
-0,36 |
-0,39 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,66 |
1,11 |
0,55 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
1,66 |
1,11 |
0,55 |
|
Amortization of fixed assets |
-0,32 |
-1,72 |
1,40 |
|
Deterioration and provisions variation |
|
-0,01 |
|
|
|
1,98 |
2,84 |
-0,86 |
Main Ratios
Figures given in
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital () |
159.278,55 |
3.339,58 |
176.970,21 |
443.657,90 |
|
Working capital ratio |
0,09 |
0,00 |
0,11 |
0,26 |
|
Soundness Ratio |
4,45 |
0,50 |
0,93 |
1,91 |
|
Average Collection Period (days) |
93 |
32 |
53 |
82 |
|
Average Payment Period (days) |
124 |
45 |
66 |
94 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
109,66 |
100,32 |
121,03 |
162,23 |
|
Quick Ratio (%) |
5,69 |
6,69 |
22,31 |
51,73 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
36,67 |
4,57 |
17,63 |
36,18 |
|
External Financing Average Cost |
0,09 |
0,02 |
0,04 |
0,06 |
|
Debt Service Coverage |
10,73 |
0,54 |
2,92 |
7,44 |
|
Interest Coverage |
2,13 |
1,59 |
4,15 |
16,73 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
1,98 |
1,18 |
2,22 |
3,92 |
|
Auto financing generated by Assets (%) |
3,42 |
3,08 |
5,48 |
8,19 |
|
Breakdown Point |
1,04 |
1,01 |
1,01 |
1,03 |
|
Average Sales Volume per Employee |
607.690,23 |
166.062,37 |
285.571,41 |
502.628,05 |
|
Average Cost per Employee |
29.019,74 |
18.153,69 |
23.250,27 |
29.647,47 |
|
Assets Turnover |
1,73 |
1,67 |
2,49 |
3,56 |
|
Inventory Turnover (days) |
131 |
3 |
11 |
28 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
7,21 |
1,79 |
3,43 |
5,98 |
|
Operating Profitability (%) |
7,76 |
4,03 |
7,01 |
10,21 |
|
Return on Equity (ROE) (%) |
43,23 |
3,36 |
9,38 |
18,38 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.62 |
|
|
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.96 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SCs credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.