MIRA
INFORM REPORT
|
Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ESPAFIBRAC SL |
|
|
|
|
Registered Office : |
Calle Julio Cervera, 24 - Piso 2º, 12400 Segorbe Castellón |
|
|
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Country : |
Spain |
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|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
01.01.2001 |
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Legal Form : |
Limited Liability Company |
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|
|
Line of Business : |
Manufacturer of fertilizers & nitrogen compounds |
|
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|
No. of Employees : |
06 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Spain ECONOMIC OVERVIEW
After almost 15
years of above average GDP growth, the Spanish economy began to slow in late 2007
and entered into a recession in the second quarter of 2008. GDP contracted by
3.7% in 2009, ending a 16-year growth trend, and by another 0.3% in 2010; GDP
expanded 0.4% in 2011, before contracting 1.4% in 2012. The economy has once
again fallen into recession as deleveraging in the private sector, fiscal
consolidation, and continued high unemployment weigh on domestic demand and
investment, even as exports have shown signs of resiliency. The unemployment
rate rose from a low of about 8% in 2007 to 26.0% in 2012. The economic
downturn has also hurt Spain's public finances. The government budget deficit
peaked at 11.2% of GDP in 2010 and the process to reduce this imbalance has
been slow despite the central government's efforts to raise new tax revenue and
cut spending. Spain reduced its budget deficit to 9.4% of GDP in 2011, and
roughly 7.4% of GDP in 2012, above the 6.3% target negotiated between Spain and
the EU. Although Spain''s large budget deficit and poor economic growth
prospects remain a source of concern for foreign investors, the government''s
ongoing efforts to cut spending and introduce flexibility into the labor
markets are intended to assuage these concerns. The government is also taking
steps to shore up the banking system, namely by using up to $130 billion in EU
funds to recapitalize struggling banks exposed to the collapsed domestic
construction and real estate sectors.
|
Source : CIA |
Company name
ESPAFIBRAC SL
CIF/NIF: B12563193
Company situation: Active
Answer to the data
in your request
The data of your request have been confirmed and are correct. The telephone number included in your enquiry 647 73 50 10 belongs to another phone line of this company (department of administration).
Cif / Nif
The NIF/CIF provided is registered as IVA (Added Value Tax) operator in the database of the Tax Office
EXECUTIVE
SUMMARY
Identification
Current Business Name: ESPAFIBRAC SL
Other names: YES
Current Address: CALLE JULIO CERVERA, 24 - PISO 2º
12400 SEGORBE CASTELLÓN
Branches: 1
Fax: 678579276
URL: www.espafibrac.com
Corporate e-mail: info@espafibrac.com
Trade Risk
Incidents: NO
R.A.I.: NO
Financial Information
Balance sheet latest sales (2012): 4.171.570,09 € (Mercantile Register)
Result: 100.011,33 €
Total Assets: 2.329.233,59 €
Share capital: 1.022.752,00 €
Employees: 6
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 27/07/2001
Activity: Mfg. of fertilizers & nitrogen compounds
NACE 2009 CODE: 2015
International Operations: Imports and Exports
Corporate Structure
President:
LARA SALMERON, FRANCISCO JAVIER
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2012
Latest act published in BORME: 04/10/2012 Re-elections
Latest press article: 24/07/2007 LAS PROVINCIAS (GENERAL
INFORMATION)
Financial situation
|
Exercise:2012 |
|
|||
|
Immediate
liquidity |
|
Degraded |
|
|
|
Indebtedness |
|
Slight |
|
|
|
Profitability |
|
Sufficient |
|
|
|
Soundness |
|
Excellent |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Superior |
Rating Explanation
Financial situation
•
The company’s financial situation is normal.
•
The sales evolution has been positive
not the results one, which has been negative.
Company Structure
•
The company’s capitalization degree determines that
its structure is normal.
•
The company’s 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 |
|
20/09/2013 |
Reduction |
12 |
•
New financial statements have been uploaded. |
|
30/11/2012 |
Increase |
13 |
•
There has been a change in the formula version. |
|
01/10/2012 |
Reduction |
9 |
•
New financial statements have been uploaded. |
|
03/11/2011 |
Reduction |
11 |
•
New financial statements have been uploaded. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
07/10/2013 09:10:41
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 €
|
|
31/12/2012 (12) BALANCE SHEET |
% ASSETS |
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
389.328,90 |
16,71 |
1.184.918,21 |
53,65 |
1.159.808,34 |
68,07 |
|
B) CURRENT ASSETS |
1.939.904,69 |
83,29 |
1.023.495,76 |
46,35 |
544.101,97 |
31,93 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
1.057.584,55 |
45,40 |
957.573,22 |
43,36 |
837.398,87 |
49,15 |
|
B) NON CURRENT LIABILITIES |
63.111,13 |
2,71 |
163.197,02 |
7,39 |
304.649,57 |
17,88 |
|
C) CURRENT LIABILITIES |
1.208.537,91 |
51,89 |
1.087.643,73 |
49,25 |
561.861,87 |
32,97 |
Profit and loss account
analysis
Figures given in €
|
|
31/12/2012 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
4.171.570,09 |
|
3.762.251,75 |
|
2.653.755,88 |
|
|
GROSS MARGIN |
623.785,07 |
14,95 |
702.751,09 |
18,68 |
629.529,58 |
23,72 |
|
EBITDA |
249.088,29 |
5,97 |
308.364,09 |
8,20 |
201.827,69 |
7,61 |
|
EBIT |
158.185,77 |
3,79 |
212.853,85 |
5,66 |
106.317,45 |
4,01 |
|
NET RESULT |
100.011,33 |
2,40 |
135.993,62 |
3,61 |
59.883,08 |
2,26 |
|
EFFECTIVE TAX RATE (%) |
26,20 |
0,00 |
25,39 |
0,00 |
20,06 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
16,71 |
34,88 |
-18,17 |
|
|
|
|
|
A) CURRENT ASSETS |
83,29 |
65,12 |
18,17 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
45,40 |
49,68 |
-4,28 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
2,71 |
14,06 |
-11,35 |
|
|
|
|
|
C) CURRENT LIABILITIES |
51,89 |
36,27 |
15,62 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
98,64 |
1,36 |
|
|
|
|
|
GROSS MARGIN |
14,95 |
37,53 |
-22,58 |
|
|
|
|
|
EBITDA |
5,97 |
9,14 |
-3,17 |
|
|
|
|
|
EBIT |
3,79 |
6,87 |
-3,08 |
|
|
|
|
|
NET RESULT |
2,40 |
4,51 |
-2,11 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 2015
Number of companies: 28
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 2012
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
100.011,33 |
Legal Reserve |
10.001,13 |
|
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 |
47.072,58 |
|
Total of Amounts to be distributed |
100.011,33 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
42.937,62 |
|
|
|
Application total |
100.011,33 |
ADDRESSES
Current Legal Seat Address:
CALLE JULIO CERVERA, 24 - PISO 2º
12400 SEGORBE
CASTELLÓN
Characteristics of
the current address
Type of establishment: store
Local Situation: secondary
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
PARTIDA CABRERA, S/N |
12400 |
SEGORBE |
Castellón |
There are 1 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
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|
|
|
Distribution of the administration board |
|
|
Governing body : 11 members (latest change:
24/09/2012) Other Positions : 2 (latest change: 18/11/2004) Operative Board Members : 2 (latest change: 25/06/2012) Non-current positions : 6 (latest change: 24/09/2012) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
LARA SALMERON, FRANCISCO JAVIER |
29/10/2009 |
|
VICE-PRESIDENT |
BERNABE SEGURA, JOSE VICENTE |
29/10/2009 |
|
MEMBER OF THE BOARD |
MARTINEZ BIELSA, MANUEL |
29/10/2009 |
|
MEMBER OF THE BOARD |
MARTINEZ HERVAS, MANUEL VICENTE |
29/10/2009 |
|
MEMBER OF THE BOARD |
MARIN RARO, JOSE VICENTE |
24/09/2012 |
|
MEMBER OF THE BOARD |
MARTINEZ HERVAS, VICENTE |
24/09/2012 |
There are 13 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 30.184,80 €
|
POSITION |
NAME AND SURNAME |
|
Manager |
CABRERA GRANA, RAUL |
|
Financial Manager |
GALAN TORRES, MARIBEL |
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
MARIN RARO JOSE VICENTE |
|
Indef. |
OWN SOURCES |
03/07/2013 |
|
|
BERNABE SEGURA JOSE VICENTE |
|
Indef. |
OWN SOURCES |
03/07/2013 |
|
|
MARTINEZ BIELSA MANUEL |
|
Indef. |
OWN SOURCES |
03/07/2013 |
|
|
MARTINEZ HERVAS MANUEL VICENTE |
|
Indef. |
OWN SOURCES |
03/07/2013 |
|
|
LARA SALMERON FRANCISCO JAVIER |
|
Indef. |
OWN SOURCES |
03/07/2013 |
There are 5 direct financial links through shareholders
registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
IRANZO BOU MANUEL |
|
Indef. |
OWN SOURCES |
19/12/2011 |
|
|
SIMON COLLADO JOSE |
|
Indef. |
OWN SOURCES |
19/12/2011 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”FRANCISCO JAVIER LARA SALMERON”
|
COMPANY |
POSITION |
PROVINCE |
|
CAMPOPLANT SL |
Presidente |
CASTELLON |
|
ESPAFIBRAC SL |
Presidente |
CASTELLON |
|
ESPAFIBRAC SL |
Consejero Delegado |
CASTELLON |
|
VIVEROS MAS DE VALERO SL |
Consejero Delegado |
CASTELLON |
|
VERDISPANIA S.L. |
Administrador |
CASTELLON |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”espafibrac”
URL: www.espafibrac.com
Espafibrac ESPAFIBRAC es una empresa 100% española ubicada en Segorbe
(Castellón). Nuestra actividad principal es la producción de sustratos de alta
calidad bajo ...
URL: www.asfplant.com
Asociación Profesional de Flores, Plantas. - asfplant ESPAFIBRAC
S.L.. Dirección Postal: Apartado Correos, 162. Código Postal: 12400. Población:
SEGORBE. Província: CASTELLON. Teléfono: 678534794.
BUSINESS INFORMATION
Incorporation date: 27/07/2001
Establishment date: 01/01/2001
Founder’s Name: LA TITULAR ES LA FUNDADORA INICIAL DEL NEGOCIO
Activity: Mfg. of fertilizers & nitrogen compounds
NACE 2009 CODE: 2015
NACE 2009 Activity: Manufacture of fertilisers and nitrogen
compounds
Business: LA IMPORTACION Y EXPORTACION DE CUALQUIER TIPO DE
MATERIAS PRIMAS, EXCLUIDOS LOS MINERALES ESTRATEGICOS.
(Enlargement)LA IMPORTACION Y EXPORTACION DE CUALQUIER TIPO DE MATERIAS
PRIMAS, EXCLUIDOS LOS MINERALES ESTRATEGICOS Y CUALESQUIERA OTRAS SOMETIDAS A
LEGISLACION ESPECIAL Y PRODUCTOS MANUFACTURADOS. ASIMISMO PODRA DESARROLLAR
ACTIVID
Activity description: Producción y comercialización de sustratos,
principalmente de coco.
Latest employees figure: 6 (2013)
% of fixed employees: 100,00%
% of men: 66,67%
% of women: 33,33%
Employees
evolution
|
|
|
|
Source: Annual financial report 2012
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Gender distribution |
|
4 |
2 |
PURCHASES
Imports from: INDIA, INDONESIA, UNION EUROPEA
SALES
Export Percentage: 70%
Exports to: INGLATERRA, IRLANDA, EEUU, ITALIA, PORTUGAL Y
REPUBLICA DOMINICANA
National Distribution: 30%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
SUMINISTROS
INDUSTRIALES SPANDEX SL |
NO |
|
HNOS MARCO DE
CELADAS SL |
NO |
|
EEMILIO GIMENEZ
E HIJOS SL |
NO |
There are 3 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
HERNANOS MARCO |
NO |
|
VIVERS MASAREDA |
NO |
|
VIVEROS MAS DE
VALERO |
NO |
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAIXABANK, S.A. |
3761 |
C. FRAY LUIS AMIGO, 9 |
SEGORBE |
Castellón |
|
BANCO DE VALENCIA, S.A. |
|
|
|
|
There are 2 bank entities registered
Brand name: RIZHUM (Valid)
Type: JOINT Scope: NATIONAL Date: 15/01/2004
Brand name: JARDICOCO (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 24/11/2003
Brand name: COCOMIX (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 24/11/2003
There are 3 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 27/07/2001
Register town: Castellón
Announcement number: 322716
Share capital: 300.000 €
Legal form: Limited Liability Company
Share capital: 1.022.752,00 €
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: 29/04/2004)
Acts on administrators: 11 (Last: 04/10/2012, first: 20/08/2001)
Acts on capital: 4 (Last: 02/07/2007, first: 02/02/2004)
Acts on creation: 1 (Last: 20/08/2001)
Acts on filed accounts: 10 (Last: 19/10/2011, first: 17/01/2003)
Acts on identification: 0
Acts on Information: 5 (Last: 02/07/2007, first: 02/02/2004)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Re-elections |
04/10/2012 |
405211 |
Castellón |
|
Appointments |
04/10/2012 |
405211 |
Castellón |
|
Resignations |
04/10/2012 |
405211 |
Castellón |
|
Annual Filed Accounts (2010) |
19/10/2011 |
823079 |
Castellón |
|
Appointments |
17/08/2011 |
340638 |
Castellón |
|
Resignations |
17/08/2011 |
340638 |
Castellón |
|
Annual Filed Accounts (2009) |
17/11/2010 |
1049967 |
Castellón |
|
Re-elections |
29/10/2009 |
452183 |
Castellón |
|
Appointments |
29/10/2009 |
452183 |
Castellón |
|
Resignations |
29/10/2009 |
452183 |
Castellón |
There are 32 acts registered
PRESS ARTICLES
Press summary by
type of information (last five years)
Legal notices: 0
Structural Data: 0
Informative data: 0
Financial Information: 0
Negative information: 0
Business lines: 0
Historical press releases: 1 (Last: 24/07/2007)
Latest press
article published
24/07/2007 LAS PROVINCIAS - GENERAL INFORMATION
UN INCENDIO AFECTO EL 23/07/07 A LA EMPRESA ESPAFIBRAC, DE SEGORBE, CUYA FABRICA QUEDO TOTALMENTE CALCINADA.
There are 1 press articles registered for this company
Complementary
Information
Financial Information
El balance del Registro Mercantil cerrado a 31/12/2011 (Deposito 2011)
esta disponible en INFORMA, pero existen datos en los nuevos estados contables
incorrectamente presentados.
El balance cerrado a 31/12/2010 (Deposito 2010) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
El balance cerrado a 31/12/2009 (Deposito 2009) esta disponible en
INFORMA, pero existen datos en los nuevos estados contables incorrectamente
presentados.
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 20/09/2013.
SITUATION BALANCE-SHEET
Assets
Figures given in €
|
|
31/12/2012 (12) |
% ASSETS |
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
389.328,90 |
16,71 |
1.184.918,21 |
53,65 |
1.159.808,34 |
68,07 |
|
I. Intangible assets |
1.135,00 |
0,05 |
1.135,00 |
0,05 |
1.135,00 |
0,07 |
|
II. Tangible fixed assets |
215.878,97 |
9,27 |
306.645,08 |
13,89 |
390.677,84 |
22,93 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
159.490,23 |
6,85 |
848.117,16 |
38,40 |
676.117,16 |
39,68 |
|
V. Long Term Financial Investments |
12.824,70 |
0,55 |
2.824,70 |
0,13 |
2.824,70 |
0,17 |
|
VI. Assets by deferred taxes |
|
|
26.196,27 |
1,19 |
89.053,64 |
5,23 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.939.904,69 |
83,29 |
1.023.495,76 |
46,35 |
544.101,97 |
31,93 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
1.256.341,72 |
53,94 |
462.007,14 |
20,92 |
269.532,34 |
15,82 |
|
III. Trade Debtors and other receivable accounts |
651.609,35 |
27,98 |
521.760,93 |
23,63 |
201.261,35 |
11,81 |
|
1. Clients |
620.709,64 |
26,65 |
483.964,67 |
21,91 |
158.998,90 |
9,33 |
|
b) Clients for sales and short term services
rendering |
620.709,64 |
26,65 |
483.964,67 |
21,91 |
158.998,90 |
9,33 |
|
3. Other debtors |
30.899,71 |
1,33 |
37.796,26 |
1,71 |
42.262,45 |
2,48 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
12.180,00 |
0,52 |
1.680,00 |
0,08 |
|
|
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
19.773,62 |
0,85 |
38.047,69 |
1,72 |
73.308,28 |
4,30 |
|
TOTAL ASSETS (A + B) |
2.329.233,59 |
100,00 |
2.208.413,97 |
100,00 |
1.703.910,31 |
100,00 |
Net Worth and
Liabilities
Figures given in €
|
|
31/12/2012 (12) |
% ASSETS |
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
|
A) NET WORTH |
1.057.584,55 |
45,40 |
957.573,22 |
43,36 |
837.398,87 |
49,15 |
|
A-1) Equity |
1.057.584,55 |
45,40 |
957.573,22 |
43,36 |
837.398,87 |
49,15 |
|
I. Capital |
1.022.752,00 |
43,91 |
1.022.752,00 |
46,31 |
1.022.752,00 |
60,02 |
|
1. Authorized capital |
1.022.752,00 |
43,91 |
1.022.752,00 |
46,31 |
1.022.752,00 |
60,02 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
|
|
|
|
|
|
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
-65.178,78 |
-2,80 |
-201.172,40 |
-9,11 |
-245.236,21 |
-14,39 |
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
100.011,33 |
4,29 |
135.993,62 |
6,16 |
59.883,08 |
3,51 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
63.111,13 |
2,71 |
163.197,02 |
7,39 |
304.649,57 |
17,88 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
62.475,88 |
2,68 |
162.277,01 |
7,35 |
302.972,36 |
17,78 |
|
1. Debts with bank entities |
62.475,88 |
2,68 |
151.628,55 |
6,87 |
266.930,08 |
15,67 |
|
2. Financial leasing creditors |
|
|
10.648,46 |
0,48 |
36.042,28 |
2,12 |
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
|
|
IV. Liabilities by deferred taxes |
635,25 |
0,03 |
920,01 |
0,04 |
1.677,21 |
0,10 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
1.208.537,91 |
51,89 |
1.087.643,73 |
49,25 |
561.861,87 |
32,97 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
904.965,32 |
38,85 |
868.467,71 |
39,33 |
400.935,87 |
23,53 |
|
1. Debts with bank entities |
894.316,86 |
38,40 |
843.072,56 |
38,18 |
373.732,12 |
21,93 |
|
2. Financial leasing creditors |
10.648,46 |
0,46 |
25.395,15 |
1,15 |
27.203,75 |
1,60 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
303.572,59 |
13,03 |
219.176,02 |
9,92 |
160.926,00 |
9,44 |
|
1. Suppliers |
253.316,95 |
10,88 |
177.113,34 |
8,02 |
117.248,35 |
6,88 |
|
b) Short term suppliers |
253.316,95 |
10,88 |
177.113,34 |
8,02 |
117.248,35 |
6,88 |
|
2. Other creditors |
50.255,64 |
2,16 |
42.062,68 |
1,90 |
43.677,65 |
2,56 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
2.329.233,59 |
100,00 |
2.208.413,97 |
100,00 |
1.703.910,31 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in €
|
|
31/12/2012 (12) |
%OPERATING INCOME |
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
4.171.570,09 |
100,00 |
3.762.251,75 |
100,00 |
2.653.755,88 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-3.547.785,02 |
-85,05 |
-3.059.500,66 |
-81,32 |
-2.024.226,30 |
-76,28 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-164.396,04 |
-3,94 |
-160.468,07 |
-4,27 |
-191.148,80 |
-7,20 |
|
7. Other operating costs |
-203.798,83 |
-4,89 |
-231.752,24 |
-6,16 |
-236.185,06 |
-8,90 |
|
8. Amortization of fixed assets |
-90.902,52 |
-2,18 |
-95.510,24 |
-2,54 |
-95.510,24 |
-3,60 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
|
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
-6.501,91 |
-0,16 |
-2.166,69 |
-0,06 |
-368,03 |
-0,01 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
158.185,77 |
3,79 |
212.853,85 |
5,66 |
106.317,45 |
4,01 |
|
14. Financial income |
|
|
474,95 |
0,01 |
0,17 |
0,00 |
|
b) Other financial income |
|
|
474,95 |
0,01 |
0,17 |
0,00 |
|
15. Financial expenses |
-33.133,13 |
-0,79 |
-39.628,41 |
-1,05 |
-39.869,43 |
-1,50 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
10.463,11 |
0,25 |
8.574,13 |
0,23 |
8.464,22 |
0,32 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-22.670,02 |
-0,54 |
-30.579,33 |
-0,81 |
-31.405,04 |
-1,18 |
|
C) RESULT BEFORE TAXES (A + B) |
135.515,75 |
3,25 |
182.274,52 |
4,84 |
74.912,41 |
2,82 |
|
20. Taxes on profits |
-35.504,42 |
-0,85 |
-46.280,90 |
-1,23 |
-15.029,33 |
-0,57 |
|
D) EXERCISE RESULT (C + 20) |
100.011,33 |
2,40 |
135.993,62 |
3,61 |
59.883,08 |
2,26 |
NET WORTH CHANGES
STATUS
Status of
recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/3) |
31/12/2012 (12) |
31/12/2011 (12) |
31/12/2010 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
100.011,33 |
135.993,62 |
59.883,08 |
|
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 |
|
|
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
|
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
|
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
100.011,33 |
135.993,62 |
59.883,08 |
Total net worth
changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
RESULTS FROM PREVIOUS EXERCISES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
1.022.752,00 |
|
-289.769,27 |
50.954,95 |
|
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) |
1.022.752,00 |
|
-289.769,27 |
50.954,95 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
44.533,06 |
|
8.928,13 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.022.752,00 |
44.533,06 |
-289.769,27 |
59.883,08 |
|
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) |
1.022.752,00 |
44.533,06 |
-289.769,27 |
59.883,08 |
|
I. Total recognized income and expenses |
|
|
|
135.993,62 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
44.063,81 |
|
-59.883,08 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
1.022.752,00 |
|
-201.172,40 |
135.993,62 |
|
I. Adjustments by change of criteria in the exercise (2011) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2011) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2012) |
1.022.752,00 |
|
-201.172,40 |
135.993,62 |
|
I. Total recognized income and expenses |
|
|
|
100.011,33 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
135.993,62 |
-135.993,62 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2012) |
1.022.752,00 |
|
-65.178,78 |
100.011,33 |
|
NET WORTH CHANGES ( 3 /3) |
TOTAL |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
783.937,68 |
|
||
|
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) |
783.937,68 |
|
||
|
I. Total recognized income and expenses |
|
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
53.461,19 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
837.398,87 |
|
||
|
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) |
837.398,87 |
|
||
|
I. Total recognized income and expenses |
135.993,62 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
120.174,35 |
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
957.573,22 |
|
||
|
I. Adjustments by change of criteria in the exercise (2011) |
|
|
||
|
II. Adjustments by errors in the exercise (2011) |
|
|
||
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2012) |
957.573,22 |
|
||
|
I. Total recognized income and expenses |
100.011,33 |
|
||
|
II. Operations with partners or owners |
|
|
||
|
III. Other net worth variations |
|
|
||
|
FINAL ACCOUNT BALANCE OF EXERCISE (2012) |
1.057.584,55 |
|
||
RATIOS
|
|
31/12/2012 (12) |
CHANGE % |
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
731.366,78 |
1.240,12 |
-64.147,97 |
-261,20 |
-17.759,90 |
|
Working capital ratio |
0,31 |
1.133,33 |
-0,03 |
-200,00 |
-0,01 |
|
Soundness Ratio |
2,72 |
235,80 |
0,81 |
12,50 |
0,72 |
|
Average Collection Period (days) |
56 |
12,23 |
50 |
82,89 |
27 |
|
Average Payment Period (days) |
29 |
20,90 |
24 |
-5,63 |
26 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
160,52 |
70,58 |
94,10 |
-2,83 |
96,84 |
|
Quick Ratio (%) |
2,64 |
-27,67 |
3,65 |
-72,03 |
13,05 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
41,54 |
-10,99 |
46,67 |
12,98 |
41,31 |
|
External Financing Average Cost |
0,03 |
-25,00 |
0,04 |
-33,33 |
0,06 |
|
Debt Service Coverage |
5,07 |
13,93 |
4,45 |
-1,77 |
4,53 |
|
Interest Coverage |
4,77 |
-11,17 |
5,37 |
101,12 |
2,67 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
4,58 |
-25,53 |
6,15 |
4,95 |
5,86 |
|
Auto financing generated by Assets (%) |
8,20 |
-21,76 |
10,48 |
14,91 |
9,12 |
|
Breakdown Point |
1,04 |
-1,89 |
1,06 |
1,92 |
1,04 |
|
Average Sales Volume per Employee |
679.408,81 |
11,24 |
610.755,15 |
85,04 |
330.069,14 |
|
Average Cost per Employee |
26.774,60 |
2,78 |
26.050,01 |
9,57 |
23.774,73 |
|
Assets Turnover |
1,79 |
5,29 |
1,70 |
8,97 |
1,56 |
|
Inventory Turnover (days) |
127 |
134,44 |
54 |
13,53 |
48 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
6,79 |
-29,56 |
9,64 |
54,49 |
6,24 |
|
Operating Profitability (%) |
10,69 |
-23,42 |
13,96 |
17,81 |
11,84 |
|
Return on Equity (ROE) (%) |
12,81 |
-32,72 |
19,04 |
112,74 |
8,95 |
SECTORIAL ANALYSIS
Balance Sheet and Financial
Balance
Figures expressed in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
16,71 |
34,88 |
-18,17 |
|
A) CURRENT ASSETS |
83,29 |
65,12 |
18,17 |
|
LIABILITIES |
|||
|
A) NET WORTH |
45,40 |
49,68 |
-4,28 |
|
B) NON CURRENT LIABILITIES |
2,71 |
14,06 |
-11,35 |
|
C) CURRENT LIABILITIES |
51,89 |
36,27 |
15,62 |
Results Analytical
Account
Figures given in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
98,64 |
1,36 |
|
Other operating income |
|
1,36 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-85,05 |
-63,53 |
-21,52 |
|
Variation in stocks of finished goods and work in progress |
|
1,06 |
|
|
GROSS MARGIN |
14,95 |
37,53 |
-22,58 |
|
Other operating costs |
-4,89 |
-14,75 |
9,86 |
|
Labour cost |
-3,94 |
-13,66 |
9,72 |
|
GROSS OPERATING RESULT |
6,13 |
9,12 |
-2,99 |
|
Amortization of fixed assets |
-2,18 |
-2,30 |
0,12 |
|
Deterioration and result for fixed assets disposal |
|
0,03 |
|
|
Other expenses / income |
|
0,02 |
|
|
NET OPERATING RESULT |
3,79 |
6,87 |
-3,08 |
|
Financial result |
-0,54 |
-1,06 |
0,52 |
|
RESULT BEFORE TAX |
3,25 |
5,81 |
-2,56 |
|
Taxes on profits |
-0,85 |
-1,30 |
0,45 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
2,40 |
4,51 |
-2,11 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
2,40 |
4,51 |
-2,11 |
|
Amortization of fixed assets |
-2,18 |
-2,30 |
0,12 |
|
Deterioration and provisions variation |
|
0,03 |
|
|
|
4,58 |
6,78 |
-2,20 |
Main Ratios
Figures given in €
|
|
COMPANY (2012) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
731.366,78 |
348.622,52 |
592.270,01 |
1.151.216,44 |
|
Working capital ratio |
0,31 |
0,11 |
0,20 |
0,36 |
|
Soundness Ratio |
2,72 |
0,84 |
1,29 |
2,35 |
|
Average Collection Period (days) |
56 |
70 |
104 |
128 |
|
Average Payment Period (days) |
29 |
69 |
104 |
126 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
160,52 |
117,60 |
144,46 |
221,36 |
|
Quick Ratio (%) |
2,64 |
2,47 |
11,85 |
31,11 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
41,54 |
10,80 |
27,90 |
43,96 |
|
External Financing Average Cost |
0,03 |
0,04 |
0,05 |
0,07 |
|
Debt Service Coverage |
5,07 |
1,24 |
4,16 |
9,14 |
|
Interest Coverage |
4,77 |
1,56 |
4,53 |
9,81 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
4,58 |
3,51 |
5,85 |
9,40 |
|
Auto financing generated by Assets (%) |
8,20 |
3,54 |
6,52 |
9,82 |
|
Breakdown Point |
1,04 |
1,03 |
1,05 |
1,13 |
|
Average Sales Volume per Employee |
679.408,81 |
202.849,61 |
273.437,78 |
458.952,23 |
|
Average Cost per Employee |
26.774,60 |
26.871,78 |
36.278,95 |
42.995,84 |
|
Assets Turnover |
1,79 |
0,73 |
1,25 |
1,53 |
|
Inventory Turnover (days) |
127 |
46 |
80 |
114 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
6,79 |
3,76 |
4,60 |
9,62 |
|
Operating Profitability (%) |
10,69 |
5,23 |
8,49 |
13,72 |
|
Return on Equity (ROE) (%) |
12,81 |
6,26 |
9,40 |
19,40 |
ADDITIONAL INFORMATION
Consulted Sources
Mercantile Registrars
Chamber of Commerce / Camerdata
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
BOP
INTERNET
La propia empresa.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.78 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.