MIRA INFORM REPORT
|
Report Date : |
24.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
MUPAP INTERNACIONAL SL |
|
|
|
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Registered Office : |
Portuetxe, 39, Planta 1 Oficina 7 - 20.018 San
Sebastian, Guipuzcoa |
|
|
|
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Country : |
Spain |
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|
|
Financials (as on) : |
31.12.2011 |
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|
|
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Date of Incorporation : |
05.11.1991 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
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|
No. of Employees : |
02 |
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 : |
Moderate |
|
Payment Behaviour : |
Slow |
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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 |
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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
MUPAP INTERNACIONAL SL
Registered name
The registered name indicated in your request is correct. The subject’s correct address is c/ Portuetxe, 39, planta 1 oficina 7 - 20.018 SAN SEBASTIAN, Guipuzcoa. The telephone number is correct.
EXECUTIVE SUMMARY
Identification
Current Business Name: MUPAP INTERNACIONAL SL
Commercial name: MP MUPAP INTERNACIONAL S.A.
Other names: YES
Current Address: CALLE PORTUETXE, 39 - PLT 1 OF 7
20018 DONOSTIA-SAN SEBASTIAN GIPUZKOA
Telephone number: 943426629
Fax: 943426315
URL: www.mupap.com
Corporate e-mail: mupap@mupap.com
Trade Risk
Credit appraisal: Caution suggested
Financial Information
Balance sheet latest sales (2011): 427.866,74 € (Mercantile Register)
Result: 123.976,7 €
Total Assets: 6.040.744,72 €
Share capital: 6.761,37 €
Employees: 2
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 05/11/1991
Activity: Traders of machinery and industrial equipment
NACE 2009 CODE: 4614
International Operations: Imports and Exports
Corporate Structure
President:
Parent Company:
Participations: 4
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 30/05/2012 Appointments
Latest press article: No press articles registered for this company
Bank Entities: There are
The date when this report was last updated is 23/09/2013.
The information contained in this report has been investigated and contrasted on 23/09/2013
Rating Informa Explanation
Financial situation
The company’s financial situation is normal.
The sales evolution and results has been negative.
Company Structure
The company’s capitalization degree determines that its structure is normal.
The company’s size is very 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 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 |
|
19/09/2013 |
Equal |
3 |
Variation in the rating system with respect to legal incidences information. |
|
08/08/2013 |
Reduction |
3 |
Variation in the rating system with respect to legal incidences information. |
|
21/07/2013 |
Increase |
4 |
Variation in the rating system with respect to legal incidences information. |
|
27/03/2013 |
Reduction |
3 |
New information has been loaded on our systems. |
|
14/03/2013 |
Increase |
4 |
Variation in the rating system with respect to legal incidences information. |
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: 20 ( Last:06/08/2013 , first: 21/04/2008 )
|
|
|
|
|
With the Social Security: |
9 |
|
|
With the Tax Authorities: |
8 |
|
|
With Other Official bodies: |
3 |
|
AFFECTED BY: No significant element.
Latest Administrative Claims
|
DATE |
ORGANIZATION |
AMOUNT |
|
20/07/2010 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE GUIPUZCOA |
|
|
29/10/2008 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
|
|
15/10/2008 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE GUIPUZCOA |
|
Enforcement
|
DATE |
ORGANIZATION |
AMOUNT |
|
29/08/2008 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
199,12 |
|
22/07/2008 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
199,09 |
|
21/04/2008 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
199,09 |
Notifications
|
DATE |
ORGANIZATION |
AMOUNT |
|
24/06/2008 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
199,12 |
|
19/05/2008 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL |
199,09 |
There are 9 administrative claims with the Social Security registered
WITH THE TAX AUTHORITIES.
Seizures
|
DATE |
ORGANIZATION |
AMOUNT |
|
06/08/2013 |
A.E.A.T. SERVICIO DE GESTION ECONOMICA |
|
|
18/12/2012 |
A.E.A.T. SERVICIO DE GESTION ECONOMICA |
|
|
24/04/2012 |
A.E.A.T. SERVICIO DE GESTION ECONOMICA |
|
There are 8 administrative claims with Tax Authorities registered WITH OTHER OFFICIAL BODIES.
Seizures
|
DATE |
ORGANIZATION |
AMOUNT |
|
04/05/2011 |
TOWN/ CITY HALL DE DONOSTIA-SAN SEBASTIAN |
523,83 |
|
02/12/2009 |
TOWN/ CITY HALL DE SAN SEBASTIAN |
366,00 |
|
08/07/2009 |
TOWN/ CITY HALL DE BILBAO |
|
There are 3 administrative claims with Other Official bodies registered
Detail of the Latest Administrative Claims
WITH THE TAX AUTHORITIES.
Phase: SEIZURE
Organization: A.E.A.T. SERVICIO DE GESTION ECONOMICA
Concept: Other debts
Date of the claim: 06/08/2013
Source: Published in the AEAT ELECTRONIC ADMINISTRATION, on 08/08/2013, page 56
WITH THE TAX AUTHORITIES.
Phase: SEIZURE
Organization: A.E.A.T. SERVICIO DE GESTION ECONOMICA
Concept: Other debts
Date of the claim: 18/12/2012
Source: Published in the AEAT ELECTRONIC ADMINISTRATION, on 20/12/2012, page 50
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT
There is no information related to the nif/cif consulted in the in the EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT file
This information comes from Experian Bureau Empresarial Service, property of Experian Bureau de Crédito S.A. It could just be used for businessmen or professionals and for the own aims of the business, and could not be transferred or transmitted to third parties, copied, duplicate or reproduce, nor incorporate to any owned or external database, or reuse it in any direct or indirect way. Experian Bureau de Crédito S.A. may file you for damages it may suffer in case of breaching any of the afore mentioned obligations. Experian would not be responsible of the lack of accuracy in the supplied information when it coincides with the one supplied by the creditor entities.
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 |
4.839.800,87 |
80,12 |
4.036.571,73 |
49,54 |
4.027.605,46 |
69,47 |
|
B) CURRENT ASSETS |
1.200.943,85 |
19,88 |
4.110.725,77 |
50,46 |
1.769.891,59 |
30,53 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
4.638.441,10 |
76,79 |
4.001.901,20 |
49,12 |
4.079.462,07 |
70,37 |
|
B) NON CURRENT LIABILITIES |
616.761,95 |
10,21 |
491.740,47 |
6,04 |
544.154,07 |
9,39 |
|
C) CURRENT LIABILITIES |
785.541,67 |
13,00 |
3.653.655,83 |
44,85 |
1.173.880,91 |
20,25 |
Profit and loss account analysis 
Figures given in €
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
427.866,74 |
|
1.181.460,05 |
|
510.294,42 |
|
|
GROSS MARGIN |
238.368,54 |
55,71 |
502.359,79 |
42,52 |
298.471,05 |
58,49 |
|
EBITDA |
114.317,64 |
26,72 |
342.303,26 |
28,97 |
58.538,48 |
11,47 |
|
EBIT |
90.508,34 |
21,15 |
318.119,44 |
26,93 |
34.729,66 |
6,81 |
|
NET RESULT |
123.976,70 |
28,98 |
280.632,04 |
23,75 |
-76.783,35 |
-15,05 |
|
EFFECTIVE TAX RATE (%) |
17,30 |
0,00 |
19,38 |
0,00 |
|
|
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
80,12 |
43,99 |
36,13 |
|
|
|
|
|
A) CURRENT ASSETS |
19,88 |
56,01 |
-36,13 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
76,79 |
57,77 |
19,02 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
10,21 |
13,23 |
-3,02 |
|
|
|
|
|
C) CURRENT LIABILITIES |
13,00 |
28,99 |
-15,99 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
99,79 |
96,11 |
3,68 |
|
|
|
|
|
GROSS MARGIN |
55,59 |
45,09 |
10,50 |
|
|
|
|
|
EBITDA |
26,66 |
5,21 |
21,45 |
|
|
|
|
|
EBIT |
21,11 |
2,41 |
18,70 |
|
|
|
|
|
NET RESULT |
28,91 |
1,46 |
27,45 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4614
Number of companies: 527
Size (sales figure): 0 - 2,800,000.00 Euros
Results Distribution
Source: annual financial report 2011
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
123.976,70 |
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 |
123.976,70 |
|
Total of Amounts to be distributed |
123.976,70 |
Dividends |
0,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
123.976,70 |
Business address
Current Legal Seat Address:
CALLE PORTUETXE, 39 - PLT 1 OF 7
20018 DONOSTIA-SAN SEBASTIAN GIPUZKOA
Previous Seat Address:
CALLE SAN MARCIAL 13
20005 DONOSTIA-SAN SEBASTIAN GIPUZKOA
Summary
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Distribution of the administration board |
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|
Governing body : 6 members (latest change: 21/05/2012) Other Positions : 1 (latest change: 30/09/2003) Operative Board Members : 4 (latest change: 21/04/2010) Non-current positions : 3 (latest change: 21/05/2012) |
|
|
Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
MUGICA MUGICA, JOSE MARIA |
21/05/2012 |
|
MANAGING DIRECTOR |
MUGICA URQUIZU, IGNACIO |
21/05/2012 |
|
MEMBER OF THE BOARD |
MUGICA URQUIZU, JOSE JACOBO |
21/05/2012 |
|
|
|
|
There are 7 board members, directors and auditors registered
Board members remuneration
Source: Annual financial report 2011Board members remuneration: 23.459,12 €
Functional Managers
|
POSITION |
NAME AND SURNAME |
|
Manager |
MUGICA URQUIZU, IGNACIO |
|
Financial Manager |
MUGICA URQUIZU, IGNACIO |
|
Commercial Director |
MUGICA URQUIZU, IGNACIO |
|
Imports Director |
MUGICA URQUIZU, IGNACIO |
Direct Shareholders
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
MUGICA URQUIZU IGNACIO |
|
100,00 |
OWN SOURCES |
15/10/2012 |
There are 1 direct financial links through shareholders registered
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
MUGICA MUGICA JOSE |
|
100,00 |
OWN SOURCES |
21/04/2010 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PAPELES DE IMPRESION MANIPULADOS SA |
A20085601 |
Major. |
OWN SOURCES |
21/06/2013 |
|
|
PROMOCIONES ROCAFIGUERA SL |
B17424086 |
50,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
GORNAZO INDUSTRIAL S.L. |
B39571831 |
50,00 |
MERCANTILE REGISTER |
31/12/2011 |
|
|
PAPELERA DEL BESAYA SOCIEDAD LIMITADA (EN LIQUIDACION) |
B82193996 |
5,40 |
MERCANTILE REGISTER |
31/12/2011 |
There are 4 direct financial links through participations registered
Company with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PROMOCIONES URMU SL (EXTINGUIDA) |
B20836300 |
99,99 |
B.O.R.M.E. |
05/03/2012 |
|
|
COMERCIAL PAPELES DE IMPRESION MANIPULADOS S.L. (EXTINGUIDA) |
B20162210 |
57,24 |
B.O.R.M.E. |
24/12/2012 |
|
|
PASTGUREN SOCIEDAD LIMITADA (EN LIQUIDACION) |
B48954622 |
10,00 |
MERCANTILE REGISTER |
31/12/2002 |
Company with rating inferior to 7
POTENTIAL LINKS
Search Criterion: ”MUPAP INTERNACIONAL SL”
URL: www.boe.es
borme-a-2012-139-20 - 187 kb - BOE.es 23 Jul 2012 ... Presidente: MUGICA MUGICA JOSE-MARIA. Consejero: MUPAP. INTERNACIONAL SL. Secretario: MUPAP INTERNACIONAL SL. Consejero: ...
BUSINESS INFORMATION
Incorporation date: 05/11/1991
Establishment date: 01/01/1990
Founder’s Name: JOSE MUGICA
Informa Code: 1634000
Informa Activity: Traders of machinery and industrial equipment
NACE 2009 CODE: 4614
NACE 2009 Activity: Agents involved in the sale of machinery, industrial equipment, ships and aircraft
Business: MAQUINARIA INDUSTRIAL.
Activity description: Importación y exportación de maquinaria usada de pasta y papel.
Latest employees figure: 2 (2012)
% of fixed employees: 100,00%
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 9%
Imports from: UNION EUROPEA
National Distribution: 91%
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
CAIXABANK, S.A. |
|
|
DONOSTIA-SAN SEBASTIAN |
|
|
BANCO SANTANDER, S.A. |
|
|
DONOSTIA-SAN SEBASTIAN |
|
There are 2 bank entities registered
Brand name: MP (Valid)
Type: JOINT
Scope: NATIONAL
Date: 03/01/2008
Name: MP MUPAP INTERNACIONAL S.A. (Valid)
Type: JOINT
Date: 03/01/2007
There are 2 brands, signs and commercial names
Constitution Data
Register Date: 05/11/1991
Register town: Gipuzkoa
Announcement number: 8143
Share capital: 6.010,12 €
Legal form: Sole-partnered Limited Liability Company
Share capital: 6.761,37 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
Summary
Acts on activity: 0
Acts on administrators: 8 (Last: 30/05/2012, first: 10/01/1992)
Acts on capital: 1 (Last: 26/09/2011)
Acts on creation: 1 (Last: 10/01/1992)
Acts on filed accounts: 19 (Last: 06/10/2011, first: 06/04/1994)
Acts on identification: 2 (Last: 20/03/2007, first: 12/05/1998)
Acts on Information: 3 (Last: 10/07/2003, first: 10/11/1998)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Appointments |
30/05/2012 |
229048 |
Gipuzkoa |
|
Resignations |
30/05/2012 |
229048 |
Gipuzkoa |
|
Annual Filed Accounts (2010) |
06/10/2011 |
720805 |
Gipuzkoa |
|
Capital enlargement (IA) |
26/09/2011 |
384648 |
Gipuzkoa |
|
Annual Filed Accounts (2008) |
27/12/2010 |
1177925 |
Gipuzkoa |
|
Annual Filed Accounts (2009) |
12/11/2010 |
1035088 |
Gipuzkoa |
|
Annual Filed Accounts (2007) |
04/03/2009 |
81119 |
Gipuzkoa |
|
Annual Filed Accounts (2006) |
10/10/2007 |
801497 |
Gipuzkoa |
|
Change of registered address |
20/03/2007 |
162030 |
Gipuzkoa |
|
Annual Filed Accounts (2005) |
19/12/2006 |
1036598 |
Gipuzkoa |
There are 34 acts registered
Press articles
No press articles registered for this company
Complementary Information
Financial Information
El balance cerrado a 31/12/2004 (Depósito 2004) está disponible en INFORMA, pero no ha sido cargado por faltarle el balance y la cuenta de pérdidas y ganancias.
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 15/11/2012.
Assets
Figures given in €
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
31/12/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
4.839.800,87 |
80,12 |
4.036.571,73 |
49,54 |
4.027.605,46 |
69,47 |
|
I. Intangible assets |
|
|
|
|
|
|
|
II. Tangible fixed assets |
289.212,23 |
4,79 |
312.322,53 |
3,83 |
336.131,35 |
5,80 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
3.719.419,17 |
45,65 |
3.691.474,11 |
63,67 |
|
V. Long Term Financial Investments |
4.527.708,17 |
74,95 |
|
|
|
|
|
VI. Assets by deferred taxes |
22.880,47 |
0,38 |
4.830,03 |
0,06 |
|
|
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
1.200.943,85 |
19,88 |
4.110.725,77 |
50,46 |
1.769.891,59 |
30,53 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
173.420,87 |
2,87 |
227.768,52 |
2,80 |
32.221,07 |
0,56 |
|
III. Trade Debtors and other receivable accounts |
65.161,39 |
1,08 |
89.385,73 |
1,10 |
35.207,37 |
0,61 |
|
1. Clients |
192,48 |
0,00 |
4.324,15 |
0,05 |
|
|
|
b) Clients for sales and short term services rendering |
192,48 |
0,00 |
4.324,15 |
0,05 |
|
|
|
3. Other debtors |
64.968,91 |
1,08 |
85.061,58 |
1,04 |
35.207,37 |
0,61 |
|
IV. Short term investments in associated and affiliated companies |
|
|
3.730.619,00 |
45,79 |
1.650.687,04 |
28,47 |
|
V. Short term financial investments |
891.919,00 |
14,77 |
|
|
27.945,06 |
0,48 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Cash and equivalents |
70.442,59 |
1,17 |
62.952,52 |
0,77 |
23.831,05 |
0,41 |
|
TOTAL ASSETS (A + B) |
6.040.744,72 |
100,00 |
8.147.297,50 |
100,00 |
5.797.497,05 |
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 |
4.638.441,10 |
76,79 |
4.001.901,20 |
49,12 |
4.079.462,07 |
70,37 |
|
A-1) Equity |
4.638.441,10 |
76,79 |
4.001.901,20 |
49,12 |
4.079.462,07 |
70,37 |
|
I. Capital |
6.761,37 |
0,11 |
6.010,12 |
0,07 |
6.010,12 |
0,10 |
|
1. Authorized capital |
6.761,37 |
0,11 |
6.010,12 |
0,07 |
6.010,12 |
0,10 |
|
II. Issue premium |
511.811,95 |
8,47 |
|
|
|
|
|
III. Reserves |
3.995.891,08 |
66,15 |
3.792.042,39 |
46,54 |
4.150.235,30 |
71,59 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
-76.783,35 |
-0,94 |
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
123.976,70 |
2,05 |
280.632,04 |
3,44 |
-76.783,35 |
-1,32 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
616.761,95 |
10,21 |
491.740,47 |
6,04 |
544.154,07 |
9,39 |
|
I. Long term provisions |
|
|
|
|
|
|
|
II. Long term debts |
616.761,95 |
10,21 |
491.740,47 |
6,04 |
544.154,07 |
9,39 |
|
1. Debts with bank entities |
616.761,95 |
10,21 |
491.740,47 |
6,04 |
520.072,62 |
8,97 |
|
3. Other long term debts |
|
|
|
|
24.081,45 |
0,42 |
|
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 |
785.541,67 |
13,00 |
3.653.655,83 |
44,85 |
1.173.880,91 |
20,25 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
|
|
|
III. Short term debts |
154.219,28 |
2,55 |
793.773,75 |
9,74 |
625.806,96 |
10,79 |
|
1. Debts with bank entities |
77.215,24 |
1,28 |
501.892,96 |
6,16 |
501.459,08 |
8,65 |
|
3. Other short term debts |
77.004,04 |
1,27 |
291.880,79 |
3,58 |
124.347,88 |
2,14 |
|
IV. Short term debts with associated and affiliated companies |
|
|
2.036.081,66 |
24,99 |
|
|
|
V. Trade creditors and other payable accounts |
631.322,39 |
10,45 |
823.800,42 |
10,11 |
548.073,95 |
9,45 |
|
1. Suppliers |
445.982,00 |
7,38 |
733.143,16 |
9,00 |
529.841,82 |
9,14 |
|
b) Short term suppliers |
445.982,00 |
7,38 |
733.143,16 |
9,00 |
529.841,82 |
9,14 |
|
2. Other creditors |
185.340,39 |
3,07 |
90.657,26 |
1,11 |
18.232,13 |
0,31 |
|
VI. Short term periodifications |
|
|
|
|
|
|
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
6.040.744,72 |
100,00 |
8.147.297,50 |
100,00 |
5.797.497,05 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in €
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
31/12/2009 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
427.866,74 |
99,79 |
1.181.460,05 |
97,43 |
510.294,42 |
78,08 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
-13.452,55 |
-1,11 |
-21.252,35 |
-3,25 |
|
3. Works for its own assets |
|
|
|
|
|
|
|
4. Supplies |
-190.398,20 |
-44,41 |
-696.798,59 |
-57,46 |
-333.851,13 |
-51,08 |
|
5. Other operating income |
900,00 |
0,21 |
31.150,88 |
2,57 |
143.280,11 |
21,92 |
|
6. Labour cost |
-78.650,55 |
-18,34 |
-74.739,67 |
-6,16 |
-81.956,23 |
-12,54 |
|
7. Other operating costs |
-48.971,93 |
-11,42 |
-83.984,97 |
-6,93 |
-158.524,33 |
-24,25 |
|
8. Amortization of fixed assets |
-23.809,30 |
-5,55 |
-24.183,82 |
-1,99 |
-23.808,82 |
-3,64 |
|
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 |
3.571,58 |
0,83 |
-1.331,89 |
-0,11 |
547,99 |
0,08 |
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
90.508,34 |
21,11 |
318.119,44 |
26,23 |
34.729,66 |
5,31 |
|
14. Financial income |
183.240,67 |
42,74 |
101.571,86 |
8,38 |
336.832,70 |
51,54 |
|
b) Other financial income |
183.240,67 |
42,74 |
101.571,86 |
8,38 |
336.832,70 |
51,54 |
|
15. Financial expenses |
-122.924,55 |
-28,67 |
-71.600,50 |
-5,90 |
-57.806,42 |
-8,84 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
|
|
|
17. Exchange differences |
-920,55 |
-0,21 |
|
|
|
|
|
18. Deterioration and result for disposal of financial instruments |
|
|
|
|
-390.539,29 |
-59,75 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
B) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
59.395,57 |
13,85 |
29.971,36 |
2,47 |
-111.513,01 |
-17,06 |
|
C) RESULT BEFORE TAXES (A + B) |
149.903,91 |
34,96 |
348.090,80 |
28,71 |
-76.783,35 |
-11,75 |
|
20. Taxes on profits |
-25.927,21 |
-6,05 |
-67.458,76 |
-5,56 |
|
|
|
D) EXERCISE RESULT (C + 20) |
123.976,70 |
28,91 |
280.632,04 |
23,14 |
-76.783,35 |
-11,75 |
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 |
|
280.632,04 |
-76.783,35 |
|
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) |
|
280.632,04 |
-76.783,35 |
Total net worth changes status
Figures given in €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
RESULTS FROM PREVIOUS YEARS |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
6.010,12 |
|
4.048.648,49 |
|
|
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) |
6.010,12 |
|
4.048.648,49 |
|
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
101.586,81 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
6.010,12 |
|
4.150.235,30 |
|
|
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) |
6.010,12 |
|
4.150.235,30 |
|
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
-358.192,91 |
-76.783,35 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
6.010,12 |
|
3.792.042,39 |
-76.783,35 |
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
6.010,12 |
|
3.792.042,39 |
-76.783,35 |
|
I. Total recognized income and expenses |
|
|
|
|
|
II. Operations with partners or owners |
751,25 |
511.811,95 |
|
|
|
1. Capital Increases |
751,25 |
511.811,95 |
|
|
|
III. Other net worth variations |
|
|
203.848,69 |
76.783,35 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
6.761,37 |
511.811,95 |
3.995.891,08 |
|
|
NET WORTH CHANGES ( 3 /3) |
EXERCISE RESULT |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
57.203,14 |
4.111.861,75 |
|
|
|
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) |
57.203,14 |
4.111.861,75 |
|
|
|
I. Total recognized income and expenses |
-76.783,35 |
-76.783,35 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
-57.203,14 |
44.383,67 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
-76.783,35 |
4.079.462,07 |
|
|
|
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) |
-76.783,35 |
4.079.462,07 |
|
|
|
I. Total recognized income and expenses |
280.632,04 |
280.632,04 |
|
|
|
II. Operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
76.783,35 |
-358.192,91 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
280.632,04 |
4.001.901,20 |
|
|
|
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) |
280.632,04 |
4.001.901,20 |
|
|
|
I. Total recognized income and expenses |
123.976,70 |
123.976,70 |
|
|
|
II. Operations with partners or owners |
|
512.563,20 |
|
|
|
1. Capital Increases |
|
512.563,20 |
|
|
|
III. Other net worth variations |
-280.632,04 |
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
123.976,70 |
4.638.441,10 |
|
|
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
CHANGE % |
31/12/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
415.402,18 |
-9,12 |
457.069,94 |
-23,31 |
596.010,68 |
|
Working capital ratio |
0,07 |
16,67 |
0,06 |
-40,00 |
0,10 |
|
Soundness Ratio |
0,96 |
-3,03 |
0,99 |
-1,98 |
1,01 |
|
Average Collection Period (days) |
55 |
100,00 |
27 |
10,14 |
25 |
|
Average Payment Period (days) |
949 |
-28,01 |
1.319 |
229,11 |
401 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
152,88 |
35,88 |
112,51 |
-25,38 |
150,77 |
|
Quick Ratio (%) |
122,51 |
7.022,67 |
1,72 |
-61,00 |
4,41 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
12,76 |
-68,70 |
40,77 |
102,03 |
20,18 |
|
External Financing Average Cost |
0,16 |
700,00 |
0,02 |
-60,00 |
0,05 |
|
Debt Service Coverage |
5,22 |
-52,11 |
10,90 |
149,37 |
-22,08 |
|
Interest Coverage |
0,74 |
-83,33 |
4,44 |
640,00 |
0,60 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
34,54 |
33,88 |
25,80 |
348,55 |
-10,38 |
|
Auto financing generated by Assets (%) |
2,45 |
-34,49 |
3,74 |
510,99 |
-0,91 |
|
Breakdown Point |
1,27 |
-7,30 |
1,37 |
28,04 |
1,07 |
|
Average Sales Volume per Employee |
213.933,37 |
-60,71 |
544.451,64 |
152,86 |
215.314,10 |
|
Average Cost per Employee |
39.325,28 |
14,18 |
34.442,24 |
-0,40 |
34.580,69 |
|
Assets Turnover |
0,07 |
-50,00 |
0,14 |
55,56 |
0,09 |
|
Inventory Turnover (days) |
328 |
178,59 |
118 |
237,11 |
35 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
1,50 |
-61,64 |
3,90 |
551,67 |
0,60 |
|
Operating Profitability (%) |
1,89 |
-55,00 |
4,20 |
315,84 |
1,01 |
|
Return on Equity (ROE) (%) |
3,23 |
-62,87 |
8,70 |
562,77 |
-1,88 |
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 |
80,12 |
43,99 |
36,13 |
|
A) CURRENT ASSETS |
19,88 |
56,01 |
-36,13 |
|
LIABILITIES |
|||
|
A) NET WORTH |
76,79 |
57,77 |
19,02 |
|
B) NON CURRENT LIABILITIES |
10,21 |
13,23 |
-3,02 |
|
C) CURRENT LIABILITIES |
13,00 |
28,99 |
-15,99 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
99,79 |
96,11 |
3,68 |
|
Other operating income |
0,21 |
3,89 |
-3,68 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-44,41 |
-56,37 |
11,96 |
|
Variation in stocks of finished goods and work in progress |
|
1,45 |
|
|
GROSS MARGIN |
55,59 |
45,09 |
10,50 |
|
Other operating costs |
-11,42 |
-17,45 |
6,03 |
|
Labour cost |
-18,34 |
-23,03 |
4,69 |
|
GROSS OPERATING RESULT |
25,83 |
4,61 |
21,22 |
|
Amortization of fixed assets |
-5,55 |
-2,77 |
-2,78 |
|
Deterioration and result for fixed assets disposal |
|
-0,07 |
|
|
Other expenses / income |
|
0,64 |
|
|
NET OPERATING RESULT |
21,11 |
2,41 |
18,70 |
|
Financial result |
13,85 |
-0,45 |
14,30 |
|
RESULT BEFORE TAX |
34,96 |
1,97 |
32,99 |
|
Taxes on profits |
-6,05 |
-0,51 |
-5,54 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
28,91 |
1,46 |
27,45 |
|
Exercise result coming from discontinued operations net of taxes |
|
0,00 |
|
|
NET RESULT |
28,91 |
1,46 |
27,45 |
|
Amortization of fixed assets |
-5,55 |
-2,77 |
-2,78 |
|
Deterioration and provisions variation |
|
-0,03 |
|
|
|
34,47 |
4,26 |
30,21 |
Main Ratios
Figures given in €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
415.402,18 |
19.321,35 |
88.134,61 |
242.098,13 |
|
Working capital ratio |
0,07 |
0,09 |
0,30 |
0,50 |
|
Soundness Ratio |
0,96 |
0,87 |
1,73 |
4,38 |
|
Average Collection Period (days) |
55 |
45 |
81 |
141 |
|
Average Payment Period (days) |
949 |
71 |
120 |
196 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
152,88 |
115,73 |
183,45 |
326,46 |
|
Quick Ratio (%) |
122,51 |
8,86 |
40,84 |
141,27 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
12,76 |
1,31 |
17,54 |
38,96 |
|
External Financing Average Cost |
0,16 |
0,01 |
0,04 |
0,08 |
|
Debt Service Coverage |
5,22 |
0,00 |
0,83 |
6,84 |
|
Interest Coverage |
0,74 |
-1,04 |
1,64 |
10,34 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
34,54 |
0,26 |
2,97 |
8,75 |
|
Auto financing generated by Assets (%) |
2,45 |
0,17 |
3,37 |
7,68 |
|
Breakdown Point |
1,27 |
0,98 |
1,02 |
1,07 |
|
Average Sales Volume per Employee |
213.933,37 |
63.432,81 |
104.715,22 |
189.119,06 |
|
Average Cost per Employee |
39.325,28 |
10.606,80 |
25.559,17 |
37.812,31 |
|
Assets Turnover |
0,07 |
0,50 |
1,02 |
1,66 |
|
Inventory Turnover (days) |
328 |
2 |
71 |
209 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
1,50 |
-1,30 |
2,45 |
6,71 |
|
Operating Profitability (%) |
1,89 |
0,48 |
4,67 |
9,43 |
|
Return on Equity (ROE) (%) |
3,23 |
-4,91 |
3,07 |
13,55 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.52 |
|
|
1 |
Rs.100.26 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.