MIRA
INFORM REPORT
|
Report Date : |
29.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
JUBA PERSONAL PROTECTIVE EQUIPMENT SL |
|
|
|
|
Formerly Known As : |
GUANTES JUBA |
|
|
|
|
Registered Office : |
Carretera Nacional
120 (Ctra Logroño), S/N 26250 Santo Domingo De La Calzada La
Rioja |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.1950 |
|
|
|
|
Legal Form : |
Sole-partnered Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
37 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC 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
JUBA PERSONAL PROTECTIVE EQUIPMENT SL
CIF/NIF: B26185900
Company situation: Active
Answer to the data in
your request
The data of your request have been confirmed and are correct.
The NIF provided IS registered as IVA (VAT) operator.
Address
The address indicated by you is not correct.
EXECUTIVE SUMMARY
Identification
Current Business Name: JUBA PERSONAL PROTECTIVE EQUIPMENT SL
Commercial name: GUANTES JUBA; JUBA
Other names: YES
Current Address: CARRETERA NACIONAL 120 (CTRA
LOGROÑO), S/N 26250 SANTO DOMINGO DE LA CALZADA LA RIOJA
Telephone number: 941340885 Fax: 941340776
URL: www.juba.es
Corporate e-mail: info@juba.es
Trade Risk
Incidents: NO
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Latest sales known (2013): 23.972.757,18
€ (Forecast)
Balance sheet latest sales (2011): 25.202.934,00 € (Mercantile Register)
Result: 1.946.332 €
Total Assets: 20.381.369 €
Share capital: 114.190,00 €
Employees: 37
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 06/08/1992
Activity: Wholesale of textile, clothing,
footwear
NACE 2009 CODE: 4642
International Operations: Imports and
Exports
Corporate Structure
Administrator:
Parent Company:
LOVILIA SPAIN
SOCIEDAD LIMITADA
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 25/03/2013 Resignations
Latest press article: 08/07/2010 LA
RIOJA (SHAREHOLDERS AND HOLDINGS)
Bank Entities: There are
The date when this report was last updated is 28/10/2013.
The information contained in this report has been investigated and
contrasted on 28/10/2013
Rating Explanation
Financial situation
The company’s financial situation is good.
The company’s financial situation evolution has been stable.
The sales evolution and results has been positive.
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 medium depending on its sales volume.
The employees evolution has been positive.
Performance and Incidences
The available information indicates that the company does not have
payment incidences.
He have detected no recent legal actions or claims from the
Administration against this company.
Accounts Filing
The company has had delays in the Accounts Filing in the Mercantile
Register.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
13/02/2013 |
Increase |
15 |
New financial statements have been uploaded. |
|
28/01/2013 |
Reduction |
14 |
New information has been loaded on our systems. |
|
13/12/2012 |
Increase |
16 |
New information has been loaded on our systems. |
|
01/12/2012 |
Reduction |
14 |
New information has been loaded on our systems. |
|
30/11/2012 |
Equal |
16 |
There has been a change in the formula version. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT
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
22/10/2013 15:10:23
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 |
795.073,00 |
3,90 |
769.701,00 |
4,25 |
3.416.367,95 |
17,68 |
|
B) CURRENT ASSETS |
19.586.296,00 |
96,10 |
17.330.703,00 |
95,75 |
15.905.835,34 |
82,32 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
5.932.199,00 |
29,11 |
12.532.297,00 |
69,24 |
11.372.865,97 |
58,86 |
|
B) NON CURRENT LIABILITIES |
23.843,00 |
0,12 |
36.464,00 |
0,20 |
1.119.203,51 |
5,79 |
|
C) CURRENT LIABILITIES |
14.425.327,00 |
70,78 |
5.531.643,00 |
30,56 |
6.830.133,81 |
35,35 |
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 |
23.972.757,18 |
23.965.567,51 |
25.202.934,00 |
|
23.958.380,00 |
|
|
GROSS MARGIN |
|
|
7.070.899,00 |
28,06 |
5.611.605,00 |
23,42 |
|
EBITDA |
|
|
3.139.072,00 |
12,46 |
3.149.379,00 |
13,15 |
|
EBIT |
|
|
2.719.983,00 |
10,79 |
1.787.805,00 |
7,46 |
|
NET RESULT |
|
|
1.946.332,00 |
7,72 |
1.246.430,00 |
5,20 |
|
EFFECTIVE TAX RATE (%) |
|
|
26,53 |
0,00 |
30,06 |
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 |
3,90 |
21,47 |
-17,57 |
|
|
|
|
|
A) CURRENT ASSETS |
96,10 |
78,53 |
17,57 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
29,11 |
45,89 |
-16,78 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
0,12 |
7,35 |
-7,23 |
|
|
|
|
|
C) CURRENT LIABILITIES |
70,78 |
46,76 |
24,02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
99,92 |
98,85 |
1,07 |
|
|
|
|
|
GROSS MARGIN |
28,03 |
35,32 |
-7,29 |
|
|
|
|
|
EBITDA |
12,44 |
6,86 |
5,58 |
|
|
|
|
|
EBIT |
10,78 |
5,18 |
5,60 |
|
|
|
|
|
NET RESULT |
7,72 |
3,25 |
4,47 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4642
Number of companies: 74
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 |
1.946.332,58 |
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 |
0,00 |
|
Total of Amounts to be distributed |
1.946.332,58 |
Dividends |
1.946.332,58 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
1.946.332,58 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE
Auditor: KPMG AUDITORES S.L.
Auditing fees: 14.726,00 €
ADDRESSES
Current Legal Seat Address:
CARRETERA NACIONAL 120 (CTRA LOGROÑO), S/N
26250 SANTO DOMINGO DE LA CALZADA LA RIOJA
Previous Seat Address:
CARRETERA LOGROÑO S/N
26250 SANTO DOMINGO DE LA CALZADA LA RIOJA
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE MARGUBETE, S/N |
26250 |
SANTO DOMINGO DE LA CALZADA |
La Rioja |
There are 1 former branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 3 members (latest change:
02/08/2010) Other Positions : 9 (latest change: 15/07/2011) Auditor : 1 (latest change: 02/08/2010) Operative Board Members : 4 (latest change: 25/01/2012) Non-current positions : 4 (latest change: 15/03/2013) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
ADMINISTRATOR |
BARRIOS URIARTE, JUAN PEDRO |
02/08/2010 |
|
ADMINISTRATOR |
BALLARIN RALUY, MARIO |
02/08/2010 |
|
ADMINISTRATOR |
MASCARENHAS, RODRIGO |
02/08/2010 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
KPMG AUDITORES SOCIEDAD LIMITADA |
02/08/2010 |
There are 13 board members, directors and auditors
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 163.599,00 €
|
POSITION |
NAME AND SURNAME |
|
General Manager |
BARRIOS URIARTE, JUAN PEDRO |
|
Human Resources Director |
BARRIOS URIARTE, CONCEPCION |
|
Exports Director |
MONEO VALER, REBECA |
|
Imports Director |
JORGE, BEGOÑA |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
LOVILIA SPAIN SOCIEDAD LIMITADA |
B85392249 |
100,00 |
OWN SOURCES |
28/10/2013 |
There are 1 direct financial links through shareholders
Majority shareholder of LOVILIA SPAIN SOCIEDAD LIMITADA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
BUNZL DISTRIBUTION SPAIN SOCIEDAD ANONIMA. |
A43058387 |
100,00 |
MERCANTILE REGISTER |
31/12/2012 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
BUNZL PLC |
UNITED KINGDOM |
100,00 |
B.O.R.M.E. |
02/08/2010 |
|
|
BARRIOS URIARTE DAVID |
|
25,00 |
OWN SOURCES |
02/06/2010 |
|
|
BARRIOS URIARTE SUSANA |
|
25,00 |
OWN SOURCES |
02/06/2010 |
You can obtain business information of foreign companies
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
RADJA INDUSTRIES EXPORT LTD |
INDIA |
10,00 |
MERCANTILE REGISTER |
31/12/2010 |
You can obtain business information of foreign companies
POTENTIAL LINKS
Search Criterion: ”JUBA PERSONAL PROTECTIVE EQUIPMENT SL”
URL: www.juba.es
JUBA® :: Protege su rendimiento Guantes Juba! Protege su rendimiento,
guantes de trabajo, ropa de trabajo, protección laboral, ropa laboral,
workwear.
BUSINESS INFORMATION
Incorporation date: 06/08/1992
Establishment date: 01/01/1950
Founder’s Name: GUANTES JUBA
Activity: Wholesale of textile, clothing, footwear
NACE 2009 CODE: 4642
NACE 2009 Activity: Wholesale of clothing and footwear
Business: OPERACIONES DE COMERCIO DE TODA CLASE DE ARTICULOS.
Activity description: Comercio al por mayor de guantes y ropa de
proteccion laboral.
Latest employees figure: 37 (2013)
% of fixed employees: 100,00%
% of men: 44,12%
% of women: 55,88%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Gender distribution |
|
15 |
19 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 96%
Imports from: U.E., CHINA...
National Distribution: 4%
SALES
Export Percentage: 15%
Exports to: U.E. Y OTROS PAÍSES
National Distribution: 85%
El 100% de su cifra de negocio corresponde a ingreso por ventas de
bienes.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
1084 |
CL SAN ROQUE 4 APDO. 00039 |
SANTO DOMINGO DE LA CALZADA |
La Rioja |
|
CAIXABANK, S.A. |
8609 |
C. SIERVAS DE JESUS, 4 |
LOGROÑO |
La Rioja |
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
MORE THAN 5 YEARS |
|
|
Mobiliario y maquinaria. |
17.743,00 |
0,00 |
0,00 |
FORMER NAMES:
INTERBAR GLOVES SL.
Brand name: SMART TIP (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 26/04/2013
Brand name: JUBA AGILITY (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 11/01/2013
Brand name: TUFF JUBA (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 23/12/2010
Brand name: POWERCUT (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 30/07/2008
Brand name: WELDY BY JUBA (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 18/07/2008
There are 32 brands, signs and commercial names at INFORMA
D&B, S.A.
LEGAL STRUCTURE
Constitution Data
Register Date: 06/08/1992
Register town: La Rioja
Announcement number: 300659
Share capital: 6.010,12 €
Legal form: Sole-partnered Limited Liability Company
Share capital: 114.190,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 15 (Last: 25/03/2013, first:
10/11/1992)
Acts on capital: 3 (Last: 17/12/1996, first:
28/03/1995)
Acts on creation: 1 (Last: 10/11/1992)
Acts on filed accounts: 19 (Last: 08/09/2011, first:
24/09/1993)
Acts on identification: 2 (Last: 21/01/2004, first:
28/03/1995)
Acts on Information: 4 (Last: 02/08/2010, first:
31/03/1997)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Resignations |
25/03/2013 |
141499 |
La Rioja |
|
Annual Filed Accounts (2010) |
08/09/2011 |
457713 |
La Rioja |
|
Appointments |
26/07/2011 |
309653 |
La Rioja |
|
Annual Filed Accounts (2009) |
08/10/2010 |
780795 |
La Rioja |
|
Appointments |
02/08/2010 |
302812 |
La Rioja |
|
Appointments |
02/08/2010 |
302810 |
La Rioja |
|
Resignations |
02/08/2010 |
302810 |
La Rioja |
|
Modification of the Articles of Association |
02/08/2010 |
302809 |
La Rioja |
|
Appointments |
02/08/2010 |
302809 |
La Rioja |
|
Resignations |
02/08/2010 |
302809 |
La Rioja |
PRESS ARTICLES
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 1 (Last: 08/07/2010)
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 1 (Last: 20/02/2005)
Latest press article published
08/07/2010 LA RIOJA (Page 15) SHAREHOLDERS
AND HOLDINGS
Cia. English BUNZL company has
bought calceatense JUBA,
owned by the Barrios family that has been transferred to Label 100% of the shares of both PERSONAL PROTECTIVE
EQUIPMENT JUBA as
JUBA GLOVES.
The transaction closed on 27/05/10.
JUBA is a Company. merely importing,
that in 2009 a
turnover of around 22 million
euros, with total
net assets stood at around 18 million. The
company currently exports to
countries like Portugal, France, England,
Holland, Switzerland and Italy. Meanwhile,
the group operates in Spain BUNZL in two business lines: safety and cleanliness
and hygiene.
20/02/2005 LA RIOJA - FINANCIAL DATA
JUBA THE COMPANY OF SANTO DOMINGO DE DRIVEWAY, HAS REACHED A TURNOVER OF ALMOST 20 MM EUROS FOR THIS YEAR AND EXPECTED TO GROW BY 10% MAS. CIA. CURRENTLY IS LOCATED IN AN AREA OF 5000 MTS. SQUARES AND HAVE SCHEDULED AN EXPANSION OF 2500 MTS. 800 FOR WAREHOUSE AND OFFICE, TO BE EXPECTED TO INVESTMENT 1.5 billion. JUBA NEW PERSONAL PROTECTIVE quipment REMAINS THE MARKET LEADER WITH A SHARE OF THE ABOVE 25% SAME. LAST YEAR sold 12 MM PAIR OF GLOVES WORK AND REUSABLE 50 MM HEAVY DUTY DISPOSABLE.
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 12/02/2013.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
795.073,00 |
3,90 |
769.701,00 |
4,25 |
3.416.367,95 |
17,68 |
|
I. Intangible assets |
13.510,00 |
0,07 |
11.570,00 |
0,06 |
2.410,31 |
0,01 |
|
5. Software |
13.510,00 |
0,07 |
11.570,00 |
0,06 |
2.410,31 |
0,01 |
|
II. Tangible fixed assets |
284.070,00 |
1,39 |
350.085,00 |
1,93 |
3.316.964,18 |
17,17 |
|
1. Property, plant and equipment |
|
|
|
|
2.469.413,63 |
12,78 |
|
2. Technical fittings and other tangible assets |
284.070,00 |
1,39 |
350.085,00 |
1,93 |
847.550,55 |
4,39 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
61.790,00 |
0,30 |
61.280,00 |
0,34 |
96.993,46 |
0,50 |
|
1. Net worth instruments |
301,00 |
0,00 |
301,00 |
0,00 |
96.993,46 |
0,50 |
|
5. Other financial assets |
61.489,00 |
0,30 |
60.979,00 |
0,34 |
|
|
|
VI. Assets by deferred taxes |
435.703,00 |
2,14 |
346.766,00 |
1,92 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
19.586.296,00 |
96,10 |
17.330.703,00 |
95,75 |
15.905.835,34 |
82,32 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
10.892.686,00 |
53,44 |
7.654.271,00 |
42,29 |
8.047.574,91 |
41,65 |
|
1. Goods available for sale |
10.876.321,00 |
53,36 |
7.626.385,00 |
42,13 |
7.992.850,22 |
41,37 |
|
2. Raw material inventory |
16.365,00 |
0,08 |
27.886,00 |
0,15 |
54.724,69 |
0,28 |
|
III. Trade Debtors and other receivable accounts |
7.884.972,00 |
38,69 |
8.663.776,00 |
47,87 |
7.627.272,36 |
39,47 |
|
1. Clients |
7.879.942,00 |
38,66 |
8.609.532,00 |
47,57 |
7.614.492,96 |
39,41 |
|
b) Clients for sales and short term services
rendering |
7.879.942,00 |
38,66 |
8.609.532,00 |
47,57 |
7.614.492,96 |
39,41 |
|
2. Clients group and associated companies |
4.702,00 |
0,02 |
23.009,00 |
0,13 |
|
|
|
3. Other debts |
328,00 |
0,00 |
28.277,00 |
0,16 |
12.779,40 |
0,07 |
|
6. Other credits with the Public Administrations |
|
|
2.958,00 |
0,02 |
|
|
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
|
|
|
|
33.833,84 |
0,18 |
|
2. Credits to companies |
|
|
|
|
33.833,84 |
0,18 |
|
VI. Short term periodifications |
27.138,00 |
0,13 |
5.932,00 |
0,03 |
|
|
|
VII. Cash and equivalents |
781.500,00 |
3,83 |
1.006.724,00 |
5,56 |
197.154,23 |
1,02 |
|
1. Treasury |
781.500,00 |
3,83 |
1.006.724,00 |
5,56 |
197.154,23 |
1,02 |
|
TOTAL ASSETS (A + B) |
20.381.369,00 |
100,00 |
18.100.404,00 |
100,00 |
19.322.203,29 |
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 |
5.932.199,00 |
29,11 |
12.532.297,00 |
69,24 |
11.372.865,97 |
58,86 |
|
A-1) Equity |
5.932.199,00 |
29,11 |
12.532.297,00 |
69,24 |
11.285.867,72 |
58,41 |
|
I. Capital |
114.190,00 |
0,56 |
114.190,00 |
0,63 |
114.190,00 |
0,59 |
|
1. Authorized capital |
114.190,00 |
0,56 |
114.190,00 |
0,63 |
114.190,00 |
0,59 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
3.871.677,00 |
19,00 |
11.171.677,00 |
61,72 |
9.880.490,44 |
51,14 |
|
1. Legal and statutory |
22.838,00 |
0,11 |
22.838,00 |
0,13 |
22.838,46 |
0,12 |
|
2. Other funds |
3.848.839,00 |
18,88 |
11.148.839,00 |
61,59 |
9.857.651,98 |
51,02 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
1.946.332,00 |
9,55 |
1.246.430,00 |
6,89 |
1.291.187,28 |
6,68 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
|
|
|
|
|
|
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
86.998,25 |
0,45 |
|
B) NON CURRENT LIABILITIES |
23.843,00 |
0,12 |
36.464,00 |
0,20 |
1.119.203,51 |
5,79 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
|
|
17.900,00 |
0,10 |
1.063.804,48 |
5,51 |
|
2. Debts with bank entities |
|
|
|
|
1.022.472,53 |
5,29 |
|
3. Financial leasing creditors |
|
|
17.900,00 |
0,10 |
41.331,95 |
0,21 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
23.843,00 |
0,12 |
18.564,00 |
0,10 |
55.399,03 |
0,29 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
14.425.327,00 |
70,78 |
5.531.643,00 |
30,56 |
6.830.133,81 |
35,35 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
17.573,00 |
0,09 |
23.423,00 |
0,13 |
4.602.058,18 |
23,82 |
|
2. Debts with bank entities |
|
|
|
|
4.564.258,53 |
23,62 |
|
3. Financial leasing creditors |
17.573,00 |
0,09 |
23.423,00 |
0,13 |
32.837,57 |
0,17 |
|
5. Other financial liabilities |
|
|
|
|
4.962,08 |
0,03 |
|
IV. Short term debts with associated and affiliated companies |
10.940.378,00 |
53,68 |
1.269.220,00 |
7,01 |
|
|
|
V. Trade creditors and other payable accounts |
3.467.376,00 |
17,01 |
4.239.000,00 |
23,42 |
2.228.075,63 |
11,53 |
|
1. Suppliers |
2.354.274,00 |
11,55 |
2.115.263,00 |
11,69 |
1.087.649,91 |
5,63 |
|
b) Short term suppliers |
2.354.274,00 |
11,55 |
2.115.263,00 |
11,69 |
1.087.649,91 |
5,63 |
|
2. Suppliers group and associated companies |
45.473,00 |
0,22 |
694.842,00 |
3,84 |
|
|
|
3. Different creditors |
686.958,00 |
3,37 |
718.623,00 |
3,97 |
619.498,69 |
3,21 |
|
4. Staff (pending remunerations) |
144.545,00 |
0,71 |
70.040,00 |
0,39 |
1.344,84 |
0,01 |
|
5. Liabilities by current taxes |
|
|
331.106,00 |
1,83 |
313.128,40 |
1,62 |
|
6. Other debts with Public Administrations |
236.126,00 |
1,16 |
309.126,00 |
1,71 |
206.453,79 |
1,07 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
20.381.369,00 |
100,00 |
18.100.404,00 |
100,00 |
19.322.203,29 |
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 |
25.202.934,00 |
99,92 |
23.958.380,00 |
99,92 |
21.885.043,23 |
99,88 |
|
A) Sales |
25.202.934,00 |
99,92 |
23.958.380,00 |
99,92 |
21.885.043,23 |
99,88 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-18.152.860,00 |
-71,97 |
-18.366.006,00 |
-76,60 |
-16.096.069,55 |
-73,46 |
|
a) Material consumed |
-17.606.019,00 |
-69,80 |
-16.967.595,00 |
-70,76 |
-15.973.340,50 |
-72,90 |
|
b) Raw materials consumed |
-206.715,00 |
-0,82 |
-207.537,00 |
-0,87 |
-66.809,43 |
-0,30 |
|
c) Works carried out for other companies |
-54.980,00 |
-0,22 |
-52.226,00 |
-0,22 |
-55.919,62 |
-0,26 |
|
d) Deterioration on merchandises, raw materials and other supplies |
-285.146,00 |
-1,13 |
-1.138.648,00 |
-4,75 |
|
|
|
5. Other operating income |
20.825,00 |
0,08 |
19.231,00 |
0,08 |
25.821,30 |
0,12 |
|
a) Other incomes |
13.000,00 |
0,05 |
12.000,00 |
0,05 |
|
|
|
b) Operating grants included in the exercise result |
7.825,00 |
0,03 |
7.231,00 |
0,03 |
25.821,30 |
0,12 |
|
6. Labour cost |
-1.497.191,00 |
-5,94 |
-1.374.905,00 |
-5,73 |
-1.244.155,02 |
-5,68 |
|
a) Wages and similar expenses |
-1.225.751,00 |
-4,86 |
-1.130.420,00 |
-4,71 |
-995.150,07 |
-4,54 |
|
b) Social costs |
-271.440,00 |
-1,08 |
-244.485,00 |
-1,02 |
-249.004,95 |
-1,14 |
|
7. Other operating costs |
-2.760.676,00 |
-10,94 |
-2.689.505,00 |
-11,22 |
-2.240.636,16 |
-10,23 |
|
a) External services |
-2.717.498,00 |
-10,77 |
-2.589.817,00 |
-10,80 |
-2.222.604,32 |
-10,14 |
|
b) Taxes |
-1.097,00 |
0,00 |
-28.811,00 |
-0,12 |
-3.642,60 |
-0,02 |
|
c) Losses, deterioration and variation on business operations
provisions |
-40.896,00 |
-0,16 |
-70.166,00 |
-0,29 |
-13.977,73 |
-0,06 |
|
d) Other day to day expenses |
-1.185,00 |
0,00 |
-711,00 |
0,00 |
-411,51 |
0,00 |
|
8. Amortization of fixed assets |
-93.047,00 |
-0,37 |
-152.760,00 |
-0,64 |
-226.893,00 |
-1,04 |
|
9. Allocation of subventions on non financial investments and other |
|
|
4.858,00 |
0,02 |
13.353,05 |
0,06 |
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
391.117,00 |
1,63 |
-17.292,58 |
-0,08 |
|
b) Results for disposals and others |
|
|
391.117,00 |
1,63 |
-17.292,58 |
-0,08 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-2,00 |
0,00 |
-2.605,00 |
-0,01 |
376,83 |
0,00 |
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
2.719.983,00 |
10,78 |
1.787.805,00 |
7,46 |
2.099.548,10 |
9,58 |
|
14. Financial income |
14,00 |
0,00 |
348,00 |
0,00 |
4.036,55 |
0,02 |
|
a) From net worth instruments participations |
|
|
|
|
1.839,97 |
0,01 |
|
a 1) On group and associated companies |
|
|
|
|
1.839,97 |
0,01 |
|
b) From negotiable values and other financial instruments |
14,00 |
0,00 |
348,00 |
0,00 |
2.196,58 |
0,01 |
|
b 1) From group and associated companies |
|
|
|
|
2.095,12 |
0,01 |
|
b 2) From third parties |
14,00 |
0,00 |
348,00 |
0,00 |
101,46 |
0,00 |
|
15. Financial expenses |
-80.160,00 |
-0,32 |
-61.483,00 |
-0,26 |
-318.630,24 |
-1,45 |
|
a) For debts with associated and affiliated companies |
-78.995,00 |
-0,31 |
-16.399,00 |
-0,07 |
|
|
|
b) For debts with third parties |
-1.165,00 |
0,00 |
-45.084,00 |
-0,19 |
-318.630,24 |
-1,45 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
9.174,00 |
0,04 |
56.050,00 |
0,23 |
54.170,10 |
0,25 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
-693,00 |
0,00 |
|
|
|
b) Results for disposals and others |
|
|
-693,00 |
0,00 |
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-70.972,00 |
-0,28 |
-5.778,00 |
-0,02 |
-260.423,59 |
-1,19 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
2.649.011,00 |
10,50 |
1.782.027,00 |
7,43 |
1.839.124,51 |
8,39 |
|
20. Taxes on profits |
-702.679,00 |
-2,79 |
-535.597,00 |
-2,23 |
-547.937,23 |
-2,50 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
1.946.332,00 |
7,72 |
1.246.430,00 |
5,20 |
1.291.187,28 |
5,89 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
1.946.332,00 |
7,72 |
1.246.430,00 |
5,20 |
1.291.187,28 |
5,89 |
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 |
1.946.332,00 |
1.246.430,00 |
1.291.187,28 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
|
|
|
|
III. Received legacies, grants and subventions |
|
|
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
|
|
|
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
|
|
|
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
|
|
|
|
X. Received legacies, grants and subventions |
|
-125.667,00 |
-17.358,97 |
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
38.669,00 |
4.005,92 |
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
|
-86.998,00 |
-13.353,05 |
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
1.946.332,00 |
1.159.432,00 |
1.277.834,23 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
114.190,00 |
8.365.167,13 |
|
2.005.323,31 |
|
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) |
114.190,00 |
8.365.167,13 |
|
2.005.323,31 |
|
I. Total recognized income and expenses |
|
|
|
1.291.187,28 |
|
II. Operations with partners or owners |
|
|
-490.000,00 |
|
|
4. (-) Dividends distribution |
|
|
-490.000,00 |
|
|
III. Other net worth variations |
|
1.515.323,31 |
490.000,00 |
-2.005.323,31 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
114.190,00 |
9.880.490,00 |
|
1.291.187,00 |
|
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) |
114.190,00 |
9.880.490,00 |
|
1.291.187,00 |
|
I. Total recognized income and expenses |
|
|
|
1.246.430,00 |
|
II. Operations with partners or owners |
|
1.291.187,00 |
|
-1.291.187,00 |
|
7. Other operations with partners or owners |
|
1.291.187,00 |
|
-1.291.187,00 |
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
114.190,00 |
11.171.677,00 |
|
1.246.430,00 |
|
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) |
114.190,00 |
11.171.677,00 |
|
1.246.430,00 |
|
I. Total recognized income and expenses |
|
|
|
1.946.332,00 |
|
II. Operations with partners or owners |
|
-7.300.000,00 |
|
-1.246.430,00 |
|
4. (-) Dividends distribution |
|
-7.300.000,00 |
|
-1.246.430,00 |
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
114.190,00 |
3.871.677,00 |
|
1.946.332,00 |
|
NET WORTH CHANGES ( 3 /3) |
RECEIVED LEGACIES, GRANTS AND SUBVENTIONS |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
100.351,30 |
10.585.031,74 |
|
|
|
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) |
100.351,30 |
10.585.031,74 |
|
|
|
I. Total recognized income and expenses |
-13.353,05 |
1.277.834,23 |
|
|
|
II. Operations with partners or owners |
|
-490.000,00 |
|
|
|
4. (-) Dividends distribution |
|
-490.000,00 |
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
86.998,00 |
11.372.865,00 |
|
|
|
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) |
86.998,00 |
11.372.865,00 |
|
|
|
I. Total recognized income and expenses |
-86.998,00 |
1.159.432,00 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
7. Other operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
|
12.532.297,00 |
|
|
|
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) |
|
12.532.297,00 |
|
|
|
I. Total recognized income and expenses |
|
1.946.332,00 |
|
|
|
II. Operations with partners or owners |
|
-8.546.430,00 |
|
|
|
4. (-) Dividends distribution |
|
-8.546.430,00 |
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
|
5.932.199,00 |
|
|
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 |
2.649.011,00 |
1.782.027,00 |
1.839.124,51 |
|
2. Results adjustments |
490.061,00 |
969.176,00 |
505.233,85 |
|
a) Amortization of fixed assets (+) |
93.047,00 |
152.780,00 |
226.893,00 |
|
b) Value correction for deterioration (+/-) |
326.042,00 |
1.208.814,00 |
13.977,73 |
|
d) Grants allocation (-) |
|
-125.667,00 |
-13.353,05 |
|
e) Results for decline and disposal of fixed assets (+/-) |
|
-269.975,00 |
17.292,58 |
|
f) Results for decline and disposal of financial instruments (+/-) |
|
-693,00 |
|
|
g) Financial income (-) |
-14,00 |
-348,00 |
-4.036,55 |
|
f) Financial expenses (+) |
80.160,00 |
61.483,00 |
318.630,24 |
|
i) Change difference (+/-) |
-9.174,00 |
-56.050,00 |
-54.170,10 |
|
k) Other income and expenses (-/+) |
|
-1.168,00 |
|
|
3. Changes in current capital |
-3.247.377,00 |
169.673,00 |
-1.377.246,74 |
|
a) Stocks (+/-) |
-3.523.561,00 |
-745.344,00 |
1.833.700,63 |
|
b) Debtors and other receivable accounts (+/-) |
737.908,00 |
-1.108.952,00 |
-1.359.791,01 |
|
c) Other current assets (+/-) |
-21.206,00 |
27.902,00 |
|
|
d) Creditors and other payable accounts (+/-) |
-440.518,00 |
1.996.067,00 |
-1.851.156,36 |
|
4. Other cash flow coming from operating activities |
-1.064.047,00 |
-865.938,00 |
-749.227,91 |
|
a) Interests payments (-) |
-80.160,00 |
-61.769,00 |
-318.630,24 |
|
b) Dividends collections (+) |
14,00 |
|
|
|
c) Interests collections (+) |
|
|
4.036,55 |
|
d) Collections (payments) for profit tax (+/-) |
-993.075,00 |
-862.219,00 |
-434.634,22 |
|
e) Other payments (collections) (-/+) |
9.174,00 |
58.050,00 |
|
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
-1.172.352,00 |
2.054.938,00 |
217.883,71 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-31.219,00 |
-76.728,00 |
-75.113,63 |
|
b) Intangible assets |
-6.646,00 |
-12.260,00 |
|
|
c) Tangible assets |
-24.063,00 |
-3.490,00 |
-75.113,63 |
|
e) Other financial assets |
-510,00 |
-60.978,00 |
|
|
7. Disinvestment collections (+) |
1.737,00 |
2.066.401,00 |
54.084,53 |
|
c) Tangible assets |
1.737,00 |
1.970.401,00 |
54.084,53 |
|
e) Other financial assets |
|
96.000,00 |
|
|
8. Cash Flow in investment activities (6 + 7) |
-29.482,00 |
1.989.673,00 |
-21.029,10 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
|
|
10. Financial liabilities instruments collections and payments |
9.523.040,00 |
-3.235.041,00 |
97.585,11 |
|
a) Issue |
12.161.790,00 |
1.269.220,00 |
672.503,73 |
|
2. Debts with bank entities (+) |
|
|
606.337,57 |
|
3. Debts with group and associated companies (+) |
12.161.790,00 |
1.269.220,00 |
|
|
5. Other debts (+) |
|
|
66.166,16 |
|
b) Return and amortization of |
-2.638.750,00 |
-4.504.261,00 |
-574.918,62 |
|
2. Debts with bank entities (-) |
-23.750,00 |
-4.471.414,00 |
-574.918,62 |
|
3. Debts with group and associated companies (-) |
-2.615.000,00 |
|
|
|
5. Other debts (-) |
|
-32.847,00 |
|
|
11. Payments for dividends and remunerations of other net worth
instruments |
-8.546.430,00 |
|
-490.000,00 |
|
a) Dividends (-) |
-8.546.430,00 |
|
-490.000,00 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
976.610,00 |
-3.235.041,00 |
-392.414,89 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
-225.224,00 |
809.570,00 |
-195.560,28 |
|
Cash or equivalents at the beginning of the exercise |
106.724,00 |
197.154,00 |
392.714,51 |
|
Cash or equivalents at the end of the exercise |
781.500,00 |
1.006.724,00 |
197.154,23 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
5.160.969,00 |
-56,26 |
11.799.060,00 |
30,01 |
9.075.701,53 |
|
Working capital ratio |
0,25 |
-61,54 |
0,65 |
38,30 |
0,47 |
|
Soundness Ratio |
7,46 |
-54,18 |
16,28 |
393,33 |
3,30 |
|
Average Collection Period (days) |
113 |
-13,54 |
130 |
3,72 |
126 |
|
Average Payment Period (days) |
248 |
162,98 |
94 |
114,75 |
44 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
135,78 |
-56,66 |
313,30 |
34,53 |
232,88 |
|
Quick Ratio (%) |
5,42 |
-70,22 |
18,20 |
438,46 |
3,38 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
53,76 |
642,68 |
7,24 |
-75,31 |
29,32 |
|
External Financing Average Cost |
0,01 |
-80,00 |
0,05 |
-16,67 |
0,06 |
|
Debt Service Coverage |
-9,35 |
-1.560,94 |
0,64 |
-97,54 |
26,00 |
|
Interest Coverage |
33,93 |
16,68 |
29,08 |
341,27 |
6,59 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
-4,65 |
-154,20 |
8,58 |
758,00 |
1,00 |
|
Auto financing generated by Assets (%) |
-5,75 |
-150,66 |
11,35 |
904,42 |
1,13 |
|
Breakdown Point |
1,12 |
3,70 |
1,08 |
-2,70 |
1,11 |
|
Average Sales Volume per Employee |
763.725,27 |
5,19 |
726.011,52 |
10,30 |
658.196,79 |
|
Average Cost per Employee |
45.369,42 |
8,89 |
41.663,79 |
11,35 |
37.418,20 |
|
Assets Turnover |
1,24 |
-6,06 |
1,32 |
16,81 |
1,13 |
|
Inventory Turnover (days) |
216 |
43,88 |
150 |
-16,60 |
180 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
13,34 |
35,12 |
9,88 |
-9,11 |
10,87 |
|
Operating Profitability (%) |
13,80 |
7,14 |
12,88 |
7,78 |
11,95 |
|
Return on Equity (ROE) (%) |
44,66 |
214,06 |
14,22 |
-12,76 |
16,30 |
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 |
3,90 |
21,47 |
-17,57 |
|
A) CURRENT ASSETS |
96,10 |
78,53 |
17,57 |
|
LIABILITIES |
|||
|
A) NET WORTH |
29,11 |
45,89 |
-16,78 |
|
B) NON CURRENT LIABILITIES |
0,12 |
7,35 |
-7,23 |
|
C) CURRENT LIABILITIES |
70,78 |
46,76 |
24,02 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,92 |
98,85 |
1,07 |
|
Other operating income |
0,08 |
1,15 |
-1,07 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-71,97 |
-65,20 |
-6,77 |
|
Variation in stocks of finished goods and work in progress |
|
0,52 |
|
|
GROSS MARGIN |
28,03 |
35,32 |
-7,29 |
|
Other operating costs |
-10,94 |
-19,34 |
8,40 |
|
Labour cost |
-5,94 |
-9,60 |
3,66 |
|
GROSS OPERATING RESULT |
11,15 |
6,38 |
4,77 |
|
Amortization of fixed assets |
-0,37 |
-1,16 |
0,79 |
|
Deterioration and result for fixed assets disposal |
|
-0,16 |
|
|
Other expenses / income |
|
0,12 |
|
|
NET OPERATING RESULT |
10,78 |
5,18 |
5,60 |
|
Financial result |
-0,28 |
-0,67 |
0,39 |
|
RESULT BEFORE TAX |
10,50 |
4,51 |
5,99 |
|
Taxes on profits |
-2,79 |
-1,25 |
-1,54 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
7,72 |
3,25 |
4,47 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
7,72 |
3,25 |
4,47 |
|
Amortization of fixed assets |
-0,37 |
-1,16 |
0,79 |
|
Deterioration and provisions variation |
-1,29 |
-0,51 |
-0,78 |
|
|
9,38 |
4,93 |
4,45 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
5.160.969,00 |
760.658,59 |
2.376.566,23 |
5.170.885,19 |
|
Working capital ratio |
0,25 |
0,15 |
0,28 |
0,42 |
|
Soundness Ratio |
7,46 |
1,48 |
2,85 |
8,44 |
|
Average Collection Period (days) |
113 |
52 |
80 |
117 |
|
Average Payment Period (days) |
248 |
49 |
71 |
101 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
135,78 |
123,34 |
148,48 |
189,05 |
|
Quick Ratio (%) |
5,42 |
7,56 |
16,34 |
40,75 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
53,76 |
3,85 |
24,44 |
44,33 |
|
External Financing Average Cost |
0,01 |
0,03 |
0,05 |
0,07 |
|
Debt Service Coverage |
-9,35 |
0,11 |
3,00 |
10,09 |
|
Interest Coverage |
33,93 |
1,33 |
4,81 |
16,78 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
-4,65 |
1,29 |
2,77 |
5,48 |
|
Auto financing generated by Assets (%) |
-5,75 |
1,68 |
4,63 |
8,10 |
|
Breakdown Point |
1,12 |
1,01 |
1,04 |
1,07 |
|
Average Sales Volume per Employee |
763.725,27 |
318.037,49 |
469.529,80 |
667.064,34 |
|
Average Cost per Employee |
45.369,42 |
23.766,41 |
29.909,92 |
37.797,78 |
|
Assets Turnover |
1,24 |
1,22 |
1,57 |
2,18 |
|
Inventory Turnover (days) |
216 |
27 |
98 |
172 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
13,34 |
2,62 |
5,97 |
10,99 |
|
Operating Profitability (%) |
13,80 |
3,95 |
6,98 |
12,09 |
|
Return on Equity (ROE) (%) |
44,66 |
3,93 |
11,38 |
24,28 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
|
1 |
Rs.99.49 |
|
Euro |
1 |
Rs.84.88 |
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.