MIRA INFORM REPORT
|
Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
PARTY FIESTA DISTRIBUTIONS SL |
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Registered Office : |
Calle Juan Ramon Jimenez, 15 08902 L’hospitalet
De Llobregat Barcelona |
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Country : |
Spain |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
20.06.2008 |
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Legal Form : |
Sole-partnered Limited Liability Company |
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Line of Business : |
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No. of Employees : |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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 and address
PARTY FIESTA DISTRIBUTIONS SL
CIF/NIF: B64910805
Company situation: Active
INFORMATION OF THE REQUEST
Answer to the data in your request
The data of your request have been confirmed and are correct.
Other Complementary Information
The company sells party items such as costumes, wigs, balloons, pińatas.
On the website of the company offering all the items it sells.
The NIF provided is registered as IVA (VAT) operator.
EXECUTIVE SUMMARY
Identification
Current Business Name: PARTY FIESTA DISTRIBUTIONS SL
Other names: NO
Current Address: CALLE JUAN RAMON
JIMENEZ, 15
08902 L’HOSPITALET DE LLOBREGAT BARCELONA
Telephone number: 932640934 Fax: 932640931
URL: www.partyfiesta.com
Financial Information
Balance sheet latest sales (2012): 5.425.649,91 € (Mercantile Register)
Result: 50.841,58 €
Total Assets: 3.206.532,52 €
Share capital: 3.010,00 €
Employees: 6
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 20/06/2008
Activity: Retail sale of toys, sports articles
NACE 2009 CODE: 4765
International Operations: Imports and
Exports
Corporate Structure
Sole Administrator:
Parent Company:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2012
Latest act published in BORME: 21/11/2011 Appointments
Latest press article: No press articles registered for this
company
Bank Entities: There are
TRADE RISK
Financial situation
|
Exercise:2012 |
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||
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Immediate liquidity |
Limited |
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Indebtedness |
Very important |
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Profitability |
Sufficient |
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Performance
|
Incidents |
None or Negligible |
|
Business Trajectory |
Good |
Rating Explanation
Financial situation
The company’s financial situation is unfavourable.
The sales evolution and results has been positive.
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 positive.
Performance and Incidences
The available information indicates that the company does not have
payment incidences.
He have detected no recent legal actions or claims from the
Administration against this company.
Accounts Filing
The company files regularly its accounts.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
28/08/2013 |
Increase |
8 |
New financial statements have been uploaded. |
|
28/02/2013 |
Increase |
7 |
New information has been loaded on our systems. |
|
13/12/2012 |
Reduction |
6 |
New information has been loaded on our systems. |
|
30/11/2012 |
Reduction |
7 |
There has been a change in the formula version. |
|
22/08/2012 |
Reduction |
10 |
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.
Summary
COMPANY NOT INCLUDED IN 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
27/08/2013 14:08:33
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 |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
3.206.532,52 |
100,00 |
2.680.316,91 |
100,00 |
2.336.002,70 |
100,00 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
218.796,24 |
6,82 |
167.954,66 |
6,27 |
125.367,48 |
5,37 |
|
B) NON CURRENT LIABILITIES |
1.074.822,87 |
33,52 |
878.273,42 |
32,77 |
680.206,44 |
29,12 |
|
C) CURRENT LIABILITIES |
1.912.913,41 |
59,66 |
1.634.088,83 |
60,97 |
1.530.428,78 |
65,51 |
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 |
5.425.649,91 |
|
4.299.397,47 |
|
4.499.880,57 |
|
|
GROSS MARGIN |
1.571.748,79 |
28,97 |
1.361.278,06 |
31,66 |
1.203.017,30 |
26,73 |
|
EBITDA |
114.973,62 |
2,12 |
93.555,45 |
2,18 |
154.614,25 |
3,44 |
|
EBIT |
114.973,62 |
2,12 |
93.555,45 |
2,18 |
154.614,25 |
3,44 |
|
NET RESULT |
50.841,58 |
0,94 |
42.587,18 |
0,99 |
93.522,97 |
2,08 |
|
EFFECTIVE TAX RATE (%) |
30,00 |
0,00 |
30,01 |
0,00 |
30,00 |
0,00 |
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
|
|
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|
BALANCE SHEET ANALYSIS: % on the total assets |
|
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|
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ASSETS |
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|
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|||
|
A) NON CURRENT ASSETS |
|
30,99 |
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|
|
|
|
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A) CURRENT ASSETS |
100,00 |
69,01 |
30,99 |
|
|
|
|
|
LIABILITIES |
|
|
|
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|||
|
A) NET WORTH |
6,82 |
38,21 |
-31,39 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
33,52 |
9,62 |
23,90 |
|
|
|
|
|
C) CURRENT LIABILITIES |
59,66 |
52,17 |
7,49 |
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
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|
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|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
100,00 |
99,55 |
0,45 |
|
|
|
|
|
GROSS MARGIN |
28,97 |
36,38 |
-7,41 |
|
|
|
|
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EBITDA |
2,12 |
4,73 |
-2,61 |
|
|
|
|
|
EBIT |
2,12 |
2,66 |
-0,54 |
|
|
|
|
|
NET RESULT |
0,94 |
1,50 |
-0,56 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4765
Number of companies: 18
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 |
50.841,58 |
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 |
50.841,58 |
|
Total of Amounts to be distributed |
50.841,58 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
50.841,58 |
Facts subsequent to the closing
Source: Annual financial report 2012
After the closure no relevant facts requiring their inclusion in the annual
accounts have taken place.
ADDRESSES
Current Legal Seat Address:
CALLE JUAN RAMON JIMENEZ, 15
08902 L’HOSPITALET DE LLOBREGAT BARCELONA
Previous Seat Address:
CALLE MIGUEL HERNANDEZ 74 - 80
08908 L’HOSPITALET DE LLOBREGAT BARCELONA
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Governing body : 1 member (latest change:
01/09/2008)
Other Positions : 1 (latest change: 08/11/2011)
Operative Board Members : 6 (latest change: 04/04/2013)
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
SOLE ADMINISTRATOR |
HERNANDEZ MOYSI, MANUEL |
01/09/2008 |
|
|
|
|
There are 2 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2012
Board
members remuneration: 0,00 €
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PARTY FIESTA SA |
A07685621 |
100,00 |
OWN SOURCES |
30/08/2013 |
There are 1 direct financial links through shareholders
registered
Majority shareholder of PARTY FIESTA SA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
HERNANDEZ MOYSI MANUEL |
|
Indef. |
OWN SOURCES |
29/01/2013 |
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: ”MANUEL HERNANDEZ MOYSI”
|
COMPANY |
POSITION |
PROVINCE |
|
FORNITURAS METALICAS S.A. |
Presidente |
BALEARES |
|
FORPLASTI 2000 S.L. |
Administrador Único |
BARCELONA |
|
PLASTIFOR SL |
Administrador Único |
BALEARES |
|
TADINAMA 2000 S.L. |
Administrador Único |
BARCELONA |
|
PARTYECI SL. |
Administrador |
MADRID |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: ”PARTY FIESTA DISTRIBUTIONS SL”
URL: www.partyfiesta.com
Party Fiesta Tienda online de disfraces con artículos
para fiestas, cumpleańos, aniversarios, bodas, despedidas, bautizos,
comuniones, etc. Party Fiesta.
BUSINESS INFORMATION
Incorporation date: 20/06/2008
Activity: Retail sale of toys, sports articles
NACE 2009 CODE: 4765
NACE 2009 Activity: Retail sale of games and toys in specialised
stores
Business: MARKETING, SALE AND
DISTRIBUTION OF CONSUMER PRODUCTS, ESPECIALLY THE GOODS IN AUTONOMOUS Balearic
ISLANDS AND ITS PARTS PRODUCTION PROCESSES, DESIGNS, ETC.
Activity description: Commerce and costume party items.
Latest employees figure: 6 (2013)
% of fixed employees: 66,67%
% of temporary employees: 33,33%
% of men: 33,33%
% of women: 66,67%
Employees evolution
|
|
|
|
Source: Annual financial report 2012
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Gender distribution |
|
1 |
2 |
COMMERCIAL OPERATIONS
PURCHASES
Imports from: GRECIA, BELGICA, ALEMANIA, FRANCIA, CHINA, EEUU
SALES
Exports to: PORTUGAL, FRANCIA, PANAMA
Professional and advertising services
Source: Annual financial report 2012
Professional services
expenses: 3.891,93 €
Advertising services expenses: 4.659,74 €
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAIXABANK, S.A. |
0849 |
C. MILANESAT, 10-12 |
BARCELONA |
Barcelona |
|
CATALUNYA BANC, S.A. |
0821 |
AVDA. DIAGONAL, 557 LOCAL 236 |
BARCELONA |
Barcelona |
There are 2 bank entities registered
LEGAL STRUCTURE
Constitution Data
Register Date: 20/06/2008
Register town: Barcelona
Announcement number: 414405
Register data:
Volume 40658, Folio 112, Section 8, Sheet 370925,
Inscription I/A 1 (2008-08-13)
Share capital: 3.010 €
Legal form: Sole-partnered Limited Liability Company
Share capital: 3.010,00 €
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: 2 (Last: 21/11/2011, first:
01/09/2008)
Acts on capital: 0
Acts on creation: 1 (Last: 01/09/2008)
Acts on filed accounts: 3 (Last: 27/10/2011, first:
20/05/2011)
Acts on identification: 1 (Last: 10/07/2009)
Acts on Information: 1 (Last: 01/09/2008)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
21/11/2011 |
460789 |
Barcelona |
|
Annual Filed Accounts (2010) |
27/10/2011 |
873937 |
Barcelona |
|
Annual Filed Accounts (2009) |
20/05/2011 |
155061 |
Barcelona |
|
Annual Filed Accounts (2008) |
20/05/2011 |
153794 |
Barcelona |
|
Change of registered address |
10/07/2009 |
309696 |
Barcelona |
|
Other concepts |
01/09/2008 |
414405 |
Barcelona |
|
Appointments |
01/09/2008 |
414405 |
Barcelona |
|
Constitution |
01/09/2008 |
414405 |
Barcelona |
There are 8 acts registered
Press articles
No press articles registered for this company
Complementary Information
Activity
Fuentes consultadas nos confirman que la titular inicio la actividad en
Mayo 2009.
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 27/08/2013.
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 |
|
|
|
|
|
|
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
|
|
|
|
|
|
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Long Term Financial Investments |
|
|
|
|
|
|
|
VI. Assets by deferred taxes |
|
|
|
|
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
3.206.532,52 |
100,00 |
2.680.316,91 |
100,00 |
2.336.002,70 |
100,00 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
1.022.053,44 |
31,87 |
1.171.863,50 |
43,72 |
692.598,38 |
29,65 |
|
III. Trade Debtors and other receivable accounts |
1.665.823,03 |
51,95 |
1.076.731,38 |
40,17 |
1.535.411,50 |
65,73 |
|
1. Clients |
1.665.823,03 |
51,95 |
1.076.131,38 |
40,15 |
1.528.983,67 |
65,45 |
|
b) Clients for sales and short term services rendering |
1.665.823,03 |
51,95 |
1.076.131,38 |
40,15 |
1.528.983,67 |
65,45 |
|
3. Other debtors |
|
|
600,00 |
0,02 |
6.427,83 |
0,28 |
|
IV. Short term investments in associated and affiliated companies |
363.992,76 |
11,35 |
394.587,76 |
14,72 |
|
|
|
V. Short term financial investments |
3.472,20 |
0,11 |
4.950,00 |
0,18 |
3.794,29 |
0,16 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
151.191,09 |
4,72 |
32.184,27 |
1,20 |
104.198,53 |
4,46 |
|
TOTAL ASSETS (A + B) |
3.206.532,52 |
100,00 |
2.680.316,91 |
100,00 |
2.336.002,70 |
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 |
218.796,24 |
6,82 |
167.954,66 |
6,27 |
125.367,48 |
5,37 |
|
A-1) Equity |
218.796,24 |
6,82 |
167.954,66 |
6,27 |
125.367,48 |
5,37 |
|
I. Capital |
3.010,00 |
0,09 |
3.010,00 |
0,11 |
3.010,00 |
0,13 |
|
1. Authorized capital |
3.010,00 |
0,09 |
3.010,00 |
0,11 |
3.010,00 |
0,13 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
164.944,66 |
5,14 |
122.357,48 |
4,57 |
28.834,51 |
1,23 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
50.841,58 |
1,59 |
42.587,18 |
1,59 |
93.522,97 |
4,00 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
1.074.822,87 |
33,52 |
878.273,42 |
32,77 |
680.206,44 |
29,12 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
1.074.822,87 |
33,52 |
878.273,42 |
32,77 |
680.206,44 |
29,12 |
|
1. Debts with bank entities |
774.822,87 |
24,16 |
878.273,42 |
32,77 |
680.206,44 |
29,12 |
|
3. Other long term debts |
300.000,00 |
9,36 |
|
|
|
|
|
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 |
1.912.913,41 |
59,66 |
1.634.088,83 |
60,97 |
1.530.428,78 |
65,51 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
407.662,81 |
12,71 |
180.889,20 |
6,75 |
54.205,59 |
2,32 |
|
1. Debts with bank entities |
407.662,81 |
12,71 |
180.889,20 |
6,75 |
54.205,59 |
2,32 |
|
IV. Short term debts with associated and affiliated companies |
|
|
|
|
|
|
|
V. Trade creditors and other payable accounts |
1.495.416,90 |
46,64 |
1.453.199,63 |
54,22 |
1.476.223,19 |
63,19 |
|
1. Suppliers |
1.200.720,61 |
37,45 |
1.299.040,02 |
48,47 |
1.208.249,65 |
51,72 |
|
b) Short term suppliers |
1.200.720,61 |
37,45 |
1.299.040,02 |
48,47 |
1.208.249,65 |
51,72 |
|
2. Other creditors |
294.696,29 |
9,19 |
154.159,61 |
5,75 |
267.973,54 |
11,47 |
|
VI. Short term periodifications |
9.833,70 |
0,31 |
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
3.206.532,52 |
100,00 |
2.680.316,91 |
100,00 |
2.336.002,70 |
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 |
5.425.649,91 |
100,00 |
4.299.397,47 |
100,00 |
4.499.880,57 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
2.531,76 |
0,05 |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-3.856.432,88 |
-71,08 |
-2.938.119,41 |
-68,34 |
-3.296.863,27 |
-73,27 |
|
5. Other operating income |
|
|
|
|
|
|
|
6. Labour cost |
-109.524,74 |
-2,02 |
-109.130,89 |
-2,54 |
-129.620,43 |
-2,88 |
|
7. Other operating costs |
-1.347.250,43 |
-24,83 |
-1.158.591,87 |
-26,95 |
-918.782,62 |
-20,42 |
|
8. Amortization of fixed assets |
|
|
|
|
|
|
|
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 |
|
|
0,15 |
0,00 |
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) |
114.973,62 |
2,12 |
93.555,45 |
2,18 |
154.614,25 |
3,44 |
|
14. Financial income |
566,15 |
0,01 |
2.478,64 |
0,06 |
496,05 |
0,01 |
|
b) Other financial income |
566,15 |
0,01 |
2.478,64 |
0,06 |
496,05 |
0,01 |
|
15. Financial expenses |
-33.328,79 |
-0,61 |
-25.488,21 |
-0,59 |
-19.834,94 |
-0,44 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-9.580,15 |
-0,18 |
-9.700,44 |
-0,23 |
-1.671,12 |
-0,04 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-42.342,79 |
-0,78 |
-32.710,01 |
-0,76 |
-21.010,01 |
-0,47 |
|
C) RESULT BEFORE TAXES (A + B) |
72.630,83 |
1,34 |
60.845,44 |
1,42 |
133.604,24 |
2,97 |
|
20. Taxes on profits |
-21.789,25 |
-0,40 |
-18.258,26 |
-0,42 |
-40.081,27 |
-0,89 |
|
D) EXERCISE RESULT (C + 20) |
50.841,58 |
0,94 |
42.587,18 |
0,99 |
93.522,97 |
2,08 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in €
|
NET WORTH CHANGES (1/2) |
31/12/2012 (12) |
31/12/2011 (12) |
31/12/2010 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
50.841,58 |
42.587,18 |
93.522,97 |
|
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) |
50.841,58 |
42.587,18 |
93.522,97 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /2) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.010,00 |
1.341,67 |
27.492,84 |
31.844,51 |
|
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) |
3.010,00 |
1.341,67 |
27.492,84 |
31.844,51 |
|
I. Total recognized income and expenses |
|
|
93.522,97 |
93.522,97 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
27.492,84 |
-27.492,84 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
3.010,00 |
28.834,51 |
93.522,97 |
125.367,48 |
|
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) |
3.010,00 |
28.834,51 |
93.522,97 |
125.367,48 |
|
I. Total recognized income and expenses |
|
|
42.587,18 |
42.587,18 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
93.522,97 |
-93.522,97 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
3.010,00 |
122.357,48 |
42.587,18 |
167.954,66 |
|
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) |
3.010,00 |
122.357,48 |
42.587,18 |
167.954,66 |
|
I. Total recognized income and expenses |
|
|
50.841,58 |
50.841,58 |
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
42.587,18 |
-42.587,18 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2012) |
3.010,00 |
164.944,66 |
50.841,58 |
218.796,24 |
RATIOS
|
|
31/12/2012 (12) |
CHANGE % |
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
1.293.619,11 |
23,65 |
1.046.228,08 |
29,87 |
805.573,92 |
|
Working capital ratio |
0,40 |
2,56 |
0,39 |
11,43 |
0,34 |
|
Average Collection Period (days) |
111 |
22,80 |
90 |
-26,69 |
123 |
|
Average Payment Period (days) |
103 |
-19,15 |
128 |
1,43 |
126 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
167,63 |
2,19 |
164,02 |
7,46 |
152,64 |
|
Quick Ratio (%) |
8,08 |
256,39 |
2,27 |
-67,85 |
7,06 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
46,23 |
16,98 |
39,52 |
25,70 |
31,44 |
|
External Financing Average Cost |
0,02 |
0,00 |
0,02 |
-33,33 |
0,03 |
|
Debt Service Coverage |
29,16 |
17,25 |
24,87 |
216,82 |
7,85 |
|
Interest Coverage |
3,45 |
-5,99 |
3,67 |
-52,95 |
7,80 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
0,94 |
-5,05 |
0,99 |
-52,40 |
2,08 |
|
Auto financing generated by Assets (%) |
1,59 |
0,00 |
1,59 |
-60,25 |
4,00 |
|
Breakdown Point |
1,02 |
0,00 |
1,02 |
-1,92 |
1,04 |
|
Average Sales Volume per Employee |
1.591.099,68 |
54,32 |
1.031.030,57 |
18,69 |
868.702,81 |
|
Average Cost per Employee |
32.118,69 |
22,73 |
26.170,48 |
4,58 |
25.023,25 |
|
Assets Turnover |
1,69 |
5,62 |
1,60 |
-17,10 |
1,93 |
|
Inventory Turnover (days) |
95 |
-33,58 |
144 |
90,00 |
76 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
3,59 |
2,87 |
3,49 |
-47,28 |
6,62 |
|
Operating Profitability (%) |
3,59 |
2,87 |
3,49 |
-47,28 |
6,62 |
|
Return on Equity (ROE) (%) |
33,20 |
-8,36 |
36,23 |
-66,00 |
106,57 |
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 |
|
30,99 |
|
|
A) CURRENT ASSETS |
100,00 |
69,01 |
30,99 |
|
LIABILITIES |
|||
|
A) NET WORTH |
6,82 |
38,21 |
-31,39 |
|
B) NON CURRENT LIABILITIES |
33,52 |
9,62 |
23,90 |
|
C) CURRENT LIABILITIES |
59,66 |
52,17 |
7,49 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
100,00 |
99,55 |
0,45 |
|
Other operating income |
|
0,45 |
|
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-71,08 |
-63,72 |
-7,36 |
|
Variation in stocks of finished goods and work in progress |
0,05 |
0,10 |
-0,05 |
|
GROSS MARGIN |
28,97 |
36,38 |
-7,41 |
|
Other operating costs |
-24,83 |
-17,09 |
-7,74 |
|
Labour cost |
-2,02 |
-14,98 |
12,96 |
|
GROSS OPERATING RESULT |
2,12 |
4,30 |
-2,18 |
|
Amortization of fixed assets |
|
-1,85 |
|
|
Deterioration and result for fixed assets disposal |
|
-0,05 |
|
|
Other expenses / income |
|
0,25 |
|
|
NET OPERATING RESULT |
2,12 |
2,66 |
-0,54 |
|
Financial result |
-0,78 |
-0,40 |
-0,38 |
|
RESULT BEFORE TAX |
1,34 |
2,26 |
-0,92 |
|
Taxes on profits |
-0,40 |
-0,75 |
0,35 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
0,94 |
1,50 |
-0,56 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
0,94 |
1,50 |
-0,56 |
|
Amortization of fixed assets |
|
-1,85 |
|
|
Deterioration and provisions variation |
|
-0,23 |
|
|
|
0,94 |
3,58 |
-2,64 |
Main Ratios
Figures given in €
|
|
COMPANY (2012) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
1.293.619,11 |
153.270,00 |
389.054,30 |
637.583,40 |
|
Working capital ratio |
0,40 |
0,05 |
0,14 |
0,29 |
|
Soundness Ratio |
|
0,62 |
1,36 |
3,17 |
|
Average Collection Period (days) |
111 |
1 |
3 |
19 |
|
Average Payment Period (days) |
103 |
81 |
128 |
158 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
167,63 |
109,94 |
127,02 |
159,44 |
|
Quick Ratio (%) |
8,08 |
13,31 |
30,44 |
87,48 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
46,23 |
5,02 |
11,39 |
29,49 |
|
External Financing Average Cost |
0,02 |
0,02 |
0,05 |
0,09 |
|
Debt Service Coverage |
29,16 |
0,87 |
1,86 |
4,30 |
|
Interest Coverage |
3,45 |
1,74 |
7,35 |
12,46 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
0,94 |
2,20 |
4,45 |
5,68 |
|
Auto financing generated by Assets (%) |
1,59 |
3,47 |
5,27 |
9,12 |
|
Breakdown Point |
1,02 |
1,01 |
1,04 |
1,06 |
|
Average Sales Volume per Employee |
1.591.099,68 |
125.259,86 |
157.032,29 |
209.910,58 |
|
Average Cost per Employee |
32.118,69 |
18.045,89 |
21.679,22 |
24.767,49 |
|
Assets Turnover |
1,69 |
1,24 |
1,63 |
2,10 |
|
Inventory Turnover (days) |
95 |
38 |
64 |
194 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
3,59 |
2,38 |
4,68 |
7,47 |
|
Operating Profitability (%) |
3,59 |
5,07 |
7,57 |
10,81 |
|
Return on Equity (ROE) (%) |
33,20 |
4,15 |
11,75 |
18,56 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.57 |
|
|
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
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.