|
Report Date : |
19.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
NUEVAS COLECCIONES JOVIMA S.L |
|
|
|
|
Registered Office : |
AV/ Doctor Peset Aleixandre, 1 Ptl.1 d. - Valencia - 46009
- Valencia |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
08.10.2004 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of watches and jewellery |
|
|
|
|
No. of Employees |
08 |
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 : |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SPAIN ECONOMIC OVERVIEW
Spain experienced a prolonged recession in the wake of the global financial crisis. GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. Economic growth resumed in late 2013, albeit only modestly, as credit contraction in the private sector, fiscal austerity, and high unemployment continued to weigh on domestic consumption and investment. Exports, however, have been resilient throughout the economic downturn, partially offsetting declines in domestic consumption and helped to bring Spain's current account into surplus in 2013 for the first time since 1986. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, straining Spain's public finances as spending on social benefits increased while tax revenues fell. Spain’s budget deficit peaked at 11.4% of GDP in 2009. Spain gradually reduced the deficit to just under 7% of GDP in 2013, slightly above the 6.5% target negotiated between Spain and the EU. Public debt has increased substantially – from 60.1% of GDP in 2010 to 93.4% in 2013. Rising labor productivity, moderating labor costs, and lower inflation have helped to improve foreign investor interest in the economy and to reduce government borrowing costs. The government's ongoing efforts to implement reforms - labor, pension, health, tax, and education - are aimed at supporting investor sentiment. The government also has shored up struggling banks exposed to Spain's depressed domestic construction and real estate sectors by successfully completing an EU-funded restructuring and recapitalization program in December 2013
|
Source
: CIA |
|
Name: |
NUEVAS COLECCIONES JOVIMA S.L |
|
NIF / Fiscal code: |
B97510127 |
|
Trade Name |
MUAMUA-JOVIMA |
|
Status: |
ACTIVE |
|
Incorporation Date: |
08/10/2004 |
|
Register Data |
Register Section 8 Sheet 100108 |
|
Last Publication in BORME: |
23/12/2011 [Appointments] |
|
Last Published Account Deposit: |
2012 |
|
Share Capital: |
54.000 |
|
|
|
|
Localization: |
AV/ DOCTOR PESET ALEIXANDRE, 1 PTL.1 D. - VALENCIA - 46009 - VALENCIA |
|
Telephone - Fax - Email - Website: |
Ph.:. 963658847 |
|
|
|
|
Activity: |
|
|
NACE: |
4648 - Wholesale of watches and jewellery |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
No |
|
Tenders and Awards: |
0 for a total cost of 0 |
|
Subsidies: |
0 for a total cost of 0 |
|
Quality Certificate: |
No |
|
|
|
|
|
|
Number |
Amount (€) |
Most Recent Entry |
|
Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
|
None |
--- |
--- |
|
Judicial Claims (Notices, Executive Proceedings, Attachments, Auctions, Bad Debt) |
|
None |
0 |
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
0 |
--- |
|
Proceedings heard by the Labour Court |
|
Unpublished |
0 |
--- |
Partners |
|
Shares: |
0 |
|
|
Other Links: |
0 |
|
|
No. of Active Corporate Bodies: |
SINGLE ADMINISTRATOR 1 |
|
|
Ratios |
2012 |
2011 |
Change |
|
|
|
|
|
Guarantees: |
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources NO, Guarantees NO |
|
|
|
|
|
|
INVESTIGATION SUMMARY |
|
|
The Company is engaged in the marketing of jewelry and jewelry items. Its annual sales have been reduced by 35% during 2012 compared to 2011. |
|
identification |
|
|
Social Denomination: |
NUEVAS COLECCIONES JOVIMA S.L |
|
Trade Name: |
MUAMUA-JOVIMA |
|
NIF / Fiscal code: |
B97510127 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
2004 |
|
Registered Office: |
AV/ DOCTOR PESET ALEIXANDRE, 1 PTL.1 D. |
|
Locality: |
VALENCIA |
|
Province: |
VALENCIA |
|
Postal Code: |
46009 |
|
Telephone: |
963658847 |
Activity |
|
|
NACE: |
4648 |
|
Additional Information: |
The Company is engaged in the marketing of jewelry and jewelry items. |
|
Additional Address: |
AV/ DOCTOR PESET ALEIXANDRE, 1 PTL.1 D. , 46009 VALENCIA, registered office, offices and other premises, rented. |
|
Import / export: |
DOES NOT IMPORT / DOES NOT EXPORT |
|
Future Perspective: |
Product / service improvement |
|
Industry situation: |
Maturity |
Number of Employees |
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
|
2014 |
8 |
|
|
|
Chronological Summary |
|||
|
|
|
|
|
|
|
Year |
Act |
|
|
|
2004 |
Appointments/ Re-elections (1) Company Formation (1) Errata (2) |
|
|
|
2005 |
Accounts deposit (ejer. 2004) Appointments/ Re-elections (1) Change of Social address (1) |
|
|
|
2006 |
Accounts deposit (ejer. 2005) |
|
|
|
2007 |
Accounts deposit (ejer. 2006) |
|
|
|
2008 |
Accounts deposit (ejer. 2007) |
|
|
|
2009 |
Accounts deposit (ejer. 2008) |
|
|
|
2010 |
Accounts deposit (ejer. 2009) |
|
|
|
2011 |
Accounts deposit (ejer. 2010) Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1) Statutory Modifications (1) |
|
|
|
2012 |
Accounts deposit (ejer. 2011) |
|
|
|
2013 |
Accounts deposit (ejer. 2012) |
|
Breakdown of Owners' Equity |
|
|
Registered Capital: |
54.000 |
|
Paid up capital: |
54.000 |
|
Updated Evolution of the Subscribed and Paid-in Capital |
|||||
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
24/11/2004 |
Company Formation |
54.000 |
54.000 |
54.000 |
54.000 |
Active Social Bodies |
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
|
SINGLE ADMINISTRATOR |
PEREZ VILLALBA EFIGENIO |
25/11/2011 |
2 |
|
COMBINED PROXY |
PEREZ JIMENEZ PABLO |
14/12/2011 |
2 |
|
|
PEREZ JIMENEZ MARIA DEL CARMEN |
14/12/2011 |
1 |
|
|
PEREZ JIMENEZ RAUL |
14/12/2011 |
2 |
Historical Social Bodies |
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
PEREZ JIMENEZ PABLO |
JOINT MANAGER |
25/11/2011 |
2 |
|
PEREZ JIMENEZ RAUL |
JOINT MANAGER |
25/11/2011 |
2 |
|
PEREZ VILLALBA EFIGENIO |
JOINT MANAGER |
25/11/2011 |
2 |
Executive board |
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
EFIGENIO PEREZ VILLALBA |
|
DIRECTOR/GENERAL MANAGER |
|
EFIGENIO PEREZ VILLALBA |
Defaults, Legal Claims and Insolvency Proceedings |
Section enabling assessment of the degree of compliance of the company queried with its payment obligations. It provides information on the existence and nature of all stages of Insolvency and Legal Proceedings published with reference to the Company in the country's various Official Bulletins and national newspapers, as well Defaults Registered in the main national credit bureaus (ASNEF Industrial and RAI ).
> Summary
Chronological summary
|
|
|
Number of Publications |
Amount (_) |
Start date |
End date |
|
Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
--- |
|
Request/Declaration |
|
0 |
--- |
date |
|
|
Proceedings |
|
--- |
--- |
|
--- |
|
Resolution |
|
--- |
--- |
|
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
Bank and Commercial Delinquency |
None |
0 |
|
|
|
Status: Friendly |
|
--- |
|
|
|
|
Status: Pre-Litigation |
|
--- |
|
|
|
|
Status: Litigation |
|
--- |
|
|
|
|
Status: Non-performing |
|
--- |
|
|
|
|
Status: insolvency proceedings, bankruptcy and suspension of payments |
|
--- |
|
|
|
|
Other status |
|
--- |
|
|
|
|
Legal and Administrative Proceedings |
|
Unpublished |
--- |
|
|
|
Notices of defaults and enforcement |
|
--- |
--- |
|
--- |
|
Seizures |
|
--- |
--- |
|
--- |
|
Auctions |
|
--- |
--- |
|
--- |
|
Declarations of insolvency and bad debt |
|
--- |
--- |
|
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
--- |
|
|
|
Proceedings heard by the Labour Court |
|
Unpublished |
--- |
|
|
> Details
|
Positive Factors |
Adverse Factors |
|
No judicial claims have been detected in the Official Gazettes, regarding any Company's outstanding debts with the Tax Bureau or Social Security administrations, as submitted by Courts of the various court jurisdictions. It has been found to have regular payment performance and has paid all of its debts in a timely manner. Significant level of financial autonomy. The asset is financed mostly with equity and financing with maturity exceeding one year, providing a solid financial structure. Alta rentabilidad financiera. El rendimiento neto derivado de la actividad típica que la empresa obtiene como consecuencia de sus fondos propios presenta unos valores elevados. It presents a limited operating margins. Net margin shows positive, although adjusted, company costs management as income exceed operating expenses. |
The current debt represents a 4.4368198e-001f the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation. Immediate solvency is significantly lower than that of the previous fiscal year. NUEVAS COLECCIONES JOVIMA S.L presents a low turnover of the current assets , which could indicate an inefficient use of non-current assets due to the lacking of enough operating income capacity based on the dedicated assets available for sale. No Company's subsidiaries or branches are known. Although it is in a new stage of Consolidationit is part of a group distinguished by a downturn in the market. |
Revision of the scoring derived from analysis conducted by the Axesor's Risks Analysts.
Probability of default |
|
|
|
|
> Probabilidad Estimada de Impago para los próximos 12 meses: 1.981 %
|
Sector in which comparison is carried out : 464 Wholesale of household goods |
|
|
Relative Position: Credit quality is superior to that of other companies in the same sector. |
The company's comparative analysis with the rest of the companies that comprise the sector, shows the company holds a better position with regard to the probability of non-compliance.
The 79.00% of the companies of the sector NUEVAS COLECCIONES JOVIMA S.L belongs to show a higher probability of non-compliance.
The probability of the company's non-compliance with its payment obligations within deadlines estimated by our qualifications models is 1.98%.
In the event they fail to comply with the payment, the seriousness of the loss will depend on factors such as the promptness of the commencement of the charging management, the existence of executive documents which match the credit or the existence of guarantees and free debt assets under the name of the debtor. Therefore, the probability of non-compliance should not be solely interpreted as the total loss of the owed amount.
LEGAL CLAIMS |
|
Summary of Judicial Claims |
|
|
|
|
|
|
PROCEDURES OF CONTEST, BANKRUPTCY AND BANKRUPTCY PROTECTION |
|
||
|
|
Legal Proceedings (Bankruptcy Law 22/2003) |
No se han publicado |
|
|
|
Quiebras y Suspensiones de Pagos (anterior legislación concursal) |
No se han publicado |
|
|
INCIDENCES WITH THE PUBLIC ADMINISTRATIONS |
|
||
|
|
Incidences with the Tax Agency |
No se han publicado |
|
|
|
Incidences with the Social Security |
No se han publicado |
|
|
|
Incidences with the Autonomous Administration |
No se han publicado |
|
|
|
Incidences with the Local Administration |
No se han publicado |
|
|
PROCEDURES BEFORE COURTS OF CIVIL MATTERS |
|
||
|
|
Procedures by the Civil Procedural Law 1/2000 |
No se han publicado |
|
|
|
Proceedings by the old Civil Procedural Law 1.881 |
No se han publicado |
|
|
PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL |
|
||
|
|
Procedimientos ante Juzgados de lo Social |
No se han publicado |
|
Turnover |
|
|
Total Sales 2013 |
900.000 |
Financial Accounts and Balance Sheets |
Financial Years Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2012 |
Normales |
July 2013 |
|
2011 |
Normales |
August 2012 |
|
2010 |
Normales |
August 2011 |
|
2009 |
Normales |
August 2010 |
|
2008 |
Normales |
November 2009 |
|
2007 |
Normales |
August 2008 |
|
2006 |
Normales |
November 2007 |
|
2005 |
Normales |
November 2006 |
|
2004 |
Normales |
August 2005 |
The data in the report regarding the last Company Accounts submitted by the company is taken from the TRADE REGISTER serving the region in which the company's address is located 31/12/2012
> Balance en formato Pyme de acuerdo al Nuevo Plan General Contable 2007
Information corresponding to the fiscal year 2012 2011 2010 2009 2008 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2012 2011 2010 2009 2008 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did not establish relevant equivalence criteria, axesor created such criteria using its own methodology. To view details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
A) NON-CURRENT ASSETS: 11000 |
30.804,00 |
44.474,00 |
55.749,00 |
66.542,00 |
44.391,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
350,00 |
695,00 |
1.040,00 |
1.040,00 |
|
|
II. Tangible fixed assets : 11200 |
30.804,00 |
44.125,00 |
55.055,00 |
65.503,00 |
43.351,00 |
|
|
III. Real estate investment: 11300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Long-term investments in Group companies and associates : 11400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term financial investments: 11500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) CURRENT ASSETS: 12000 |
1.169.447,00 |
1.209.629,00 |
1.139.067,00 |
1.158.257,00 |
1.316.160,00 |
|
|
I. Stocks : 12200 |
546.618,00 |
551.146,00 |
609.487,00 |
823.813,00 |
1.122.263,00 |
|
|
II. Trade debtors and others receivable accounts : 12300 |
334.869,00 |
296.339,00 |
227.129,00 |
209.682,00 |
103.045,00 |
|
|
1. Trade debtors / accounts receivable: 12380 |
334.869,00 |
287.113,00 |
189.789,00 |
165.615,00 |
83.604,00 |
|
|
a) Long-term receivables from sales and services supplied : 12381 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Customers for sales and provisions of services : 12382 |
334.869,00 |
287.113,00 |
189.789,00 |
165.615,00 |
0,00 |
|
|
2. Called up share capital: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other accounts receivable : 12390 |
0,00 |
9.226,00 |
37.339,00 |
44.066,00 |
19.441,00 |
|
|
III. Short-term investment in Group companies and associates: 12400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term financial investments : 12500 |
150.000,00 |
0,00 |
100.000,00 |
0,00 |
0,00 |
|
|
V. Short-term accruals : 12600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash and other equivalent liquid assets : 12700 |
137.960,00 |
362.144,00 |
202.451,00 |
124.763,00 |
90.853,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
1.200.251,00 |
1.254.103,00 |
1.194.816,00 |
1.224.800,00 |
1.360.551,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and Net Worth |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
A) NET WORTH: 20000 |
667.721,00 |
599.430,00 |
480.684,00 |
370.207,00 |
306.910,00 |
|
|
A-1) Shareholders' equity: 21000 |
667.721,00 |
599.430,00 |
480.684,00 |
370.207,00 |
306.910,00 |
|
|
I. Capital: 21100 |
54.000,00 |
54.000,00 |
54.000,00 |
54.000,00 |
54.000,00 |
|
|
1. Registered capital : 21110 |
54.000,00 |
54.000,00 |
54.000,00 |
54.000,00 |
54.000,00 |
|
|
2. (Uncalled capital): 21120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Share premium: 21200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Reserves: 21300 |
545.430,00 |
316.207,00 |
316.207,00 |
252.910,00 |
193.236,00 |
|
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward: 21500 |
0,00 |
110.477,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Other shareholders' contributions: 21600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period: 21700 |
68.291,00 |
118.746,00 |
110.477,00 |
63.297,00 |
59.674,00 |
|
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-2) Changes in net worth : 22000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-3) Received subsidies, donations and legacies: 23000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) NON-CURRENT LIABILITIES: 31000 |
0,00 |
0,00 |
0,00 |
0,00 |
-333,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
0,00 |
0,00 |
0,00 |
0,00 |
-333,00 |
|
|
1. Amounts owed to credit institutions: 31220 |
0,00 |
0,00 |
0,00 |
0,00 |
-397,00 |
|
|
2. Creditors from financial leasing : 31230 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other long-term creditors : 31290 |
0,00 |
0,00 |
0,00 |
0,00 |
64,00 |
|
|
III. Long-term debts with Group companies and associates: 31300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C) CURRENT LIABILITIES : 32000 |
532.530,00 |
654.673,00 |
714.132,00 |
854.593,00 |
1.053.975,00 |
|
|
I. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term creditors : 32300 |
101.659,00 |
210.983,00 |
227.935,00 |
241.135,00 |
313.000,00 |
|
|
1. Amounts owed to credit institutions: 32320 |
0,00 |
0,00 |
0,00 |
-59,00 |
-8.595,00 |
|
|
2. Creditors from financial leasing : 32330 |
105.709,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other short-term creditors : 32390 |
-4.050,00 |
210.983,00 |
227.935,00 |
241.193,00 |
321.595,00 |
|
|
III. Short-term amounts owed to group and associated companies: 32400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Trade creditors and other accounts payable: 32500 |
430.871,00 |
443.690,00 |
486.197,00 |
613.458,00 |
740.975,00 |
|
|
1. Suppliers: 32580 |
207.873,00 |
190.461,00 |
197.969,00 |
357.322,00 |
507.436,00 |
|
|
a) Long-term debts : 32581 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Short-term debts : 32582 |
207.873,00 |
190.461,00 |
197.969,00 |
357.322,00 |
0,00 |
|
|
2. Other creditors: 32590 |
222.998,00 |
253.230,00 |
288.229,00 |
256.137,00 |
233.539,00 |
|
|
V. Short-term accruals : 32600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000 |
1.200.251,00 |
1.254.103,00 |
1.194.816,00 |
1.224.800,00 |
1.360.551,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and Loss |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
1. Net turnover: 40100 |
941.301,00 |
1.441.342,00 |
1.728.651,00 |
1.803.637,00 |
2.251.491,00 |
|
|
2. Changes in stocks of finished goods and work in progress: 40200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Works carried out by the company for its assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-567.370,00 |
-927.441,00 |
-1.207.596,00 |
-1.387.202,00 |
-1.837.403,00 |
|
|
5. Other operating income: 40500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Personnel costs: 40600 |
-160.376,00 |
-221.296,00 |
-211.510,00 |
-184.973,00 |
-191.617,00 |
|
|
7. Other operating costs: 40700 |
-107.387,00 |
-109.253,00 |
-121.282,00 |
-128.356,00 |
-184.608,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-15.039,00 |
-14.498,00 |
-14.446,00 |
-7.386,00 |
-6.145,00 |
|
|
9. Allocation of subsidies of non-financial fixed assets and other: 40900 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of fixed assets: 41100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Other results : 41300 |
2.199,00 |
0,00 |
0,00 |
0,00 |
18.698,00 |
|
|
A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) : 49100 |
93.327,00 |
168.855,00 |
173.818,00 |
95.720,00 |
50.417,00 |
|
|
13. Financial income : 41400 |
4.286,00 |
1.097,00 |
170,00 |
0,00 |
0,00 |
|
|
a) Allocation of financial subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income: 41490 |
4.286,00 |
1.097,00 |
170,00 |
0,00 |
0,00 |
|
|
14. Financial expenditure : 41500 |
-4.680,00 |
-6.660,00 |
-8.057,00 |
-4.445,00 |
-2.915,00 |
|
|
15. Changes in fair value of financial instruments : 41600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
16. Exchange rate differences: 41700 |
0,00 |
0,00 |
0,00 |
0,00 |
-9,00 |
|
|
17. Impairment and result for transfers of financial instruments : 41800 |
-1.879,00 |
-4.963,00 |
-26.641,00 |
-12.154,00 |
32.072,00 |
|
|
18. Other financial income and expenditure: 42100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Incorporation of financial expenditure to assets: 42110 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Financial income from arrangement with creditors: 42120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Other income and expenditure: 42130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200 |
-2.273,00 |
-10.526,00 |
-34.528,00 |
-16.599,00 |
29.149,00 |
|
|
C) NET RESULT BEFORE TAXES ( A + B ) : 49300 |
91.055,00 |
158.328,00 |
139.289,00 |
79.121,00 |
79.565,00 |
|
|
19. Income taxes : 41900 |
-22.764,00 |
-39.582,00 |
-28.812,00 |
-15.824,00 |
-19.891,00 |
|
|
D) RESULT OF THE PERIOD ( C + 19 ) : 49500 |
68.291,00 |
118.746,00 |
110.477,00 |
63.297,00 |
59.674,00 |
|
> Normal Balance Sheet under the rules of the 1990 General Accounting Plan (repealed since 1st January of 2008)
Information corresponding to the fiscal year 2012 2011 2010 2009 2008 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did not establish relevant equivalence criteria, Axesor created such criteria using its own methodology. To view details on the methodology 2012 2011 2010 2009 2008 is taken from information submitted to the TRADE REGISTER.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
ASSETS |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
A) SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED CAPITAL: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) FIXED ASSETS: |
30.804,00 |
44.474,00 |
55.749,00 |
66.542,00 |
44.391,00 |
|
|
I. Formation expenses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Intangible fixed assets: |
0,00 |
350,00 |
695,00 |
1.040,00 |
1.040,00 |
|
|
III. Tangible fixed assets: |
30.804,00 |
44.125,00 |
55.055,00 |
65.503,00 |
43.351,00 |
|
|
IV. Financial investments: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Own shares: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Long-term trade receivables: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C) Deferred expenses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
D) CURRENT ASSETS: |
1.169.447,00 |
1.209.629,00 |
1.139.067,00 |
1.158.257,00 |
1.316.160,00 |
|
|
I. Called-up share capital (not paid): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Stocks: |
546.618,00 |
551.146,00 |
609.487,00 |
823.813,00 |
1.122.263,00 |
|
|
III. Debtors: |
334.869,00 |
296.339,00 |
227.129,00 |
209.682,00 |
103.045,00 |
|
|
IV. Short-term investments: |
150.000,00 |
0,00 |
100.000,00 |
0,00 |
0,00 |
|
|
V. Short-term treasury shares: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash at bank and in hand: |
137.960,00 |
362.144,00 |
202.451,00 |
124.763,00 |
90.853,00 |
|
|
VII. Prepayments and accrued income: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
GENERAL TOTAL (A + B + C + D): |
1.200.251,00 |
1.254.103,00 |
1.194.816,00 |
1.224.800,00 |
1.360.551,00 |
|
MERCANTILE REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
LIABILITIES |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
A) EQUITY: |
667.721,00 |
599.430,00 |
480.684,00 |
370.207,00 |
306.910,00 |
|
|
I. Subscribed capital: |
54.000,00 |
54.000,00 |
54.000,00 |
54.000,00 |
54.000,00 |
|
|
II. Share premium: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Revaluation reserves: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Reserves: |
545.430,00 |
316.207,00 |
316.207,00 |
252.910,00 |
193.236,00 |
|
|
a) Differences for capital adjustment to euros: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Remaining Reserves: |
545.430,00 |
316.207,00 |
316.207,00 |
252.910,00 |
193.236,00 |
|
|
V. Profit or loss brought forward: |
0,00 |
110.477,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Profit or loss for the financial year: |
68.291,00 |
118.746,00 |
110.477,00 |
63.297,00 |
59.674,00 |
|
|
VII. Interim dividend paid: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VIII. Own shares for capital reduction: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) Deferred income: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C) PROVISIONS FOR LIABILITIES AND CHARGES: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
D) LONG TERM LIABILITIES: |
0,00 |
0,00 |
0,00 |
0,00 |
-333,00 |
|
|
E) SHORT TERM CREDITORS: |
532.530,00 |
654.673,00 |
714.132,00 |
854.593,00 |
1.053.975,00 |
|
|
F) SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
GENERAL TOTAL (A + B + C + D + E + F): |
1.200.251,00 |
1.254.103,00 |
1.194.816,00 |
1.224.800,00 |
1.360.551,00 |
|
MERCANTILE REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
DEBIT |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
A) CHARGES (A.1 to A.15): |
879.495,00 |
1.323.692,00 |
1.618.344,00 |
1.740.340,00 |
2.242.588,00 |
|
|
A.1. Operating consumption: |
567.370,00 |
927.441,00 |
1.207.596,00 |
1.387.202,00 |
1.837.403,00 |
|
|
A.2. Staff Costs: |
160.376,00 |
221.296,00 |
211.510,00 |
184.973,00 |
191.617,00 |
|
|
a) Wages, salaries et al.: |
144.132,00 |
198.881,00 |
190.086,00 |
166.237,00 |
172.209,00 |
|
|
b) Social security costs: |
16.244,00 |
22.415,00 |
21.423,00 |
18.736,00 |
19.409,00 |
|
|
A.3. Depreciation expense: |
15.039,00 |
14.498,00 |
14.446,00 |
7.386,00 |
6.145,00 |
|
|
A.4. Variation of trade provisions and losses of unrecovered receivables: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.5. Other operating charges: |
107.387,00 |
109.253,00 |
121.282,00 |
128.356,00 |
184.608,00 |
|
|
A.I. OPERATING BENEFITS (B.1-A.1-A.2-A.3-A.4-A.5): |
91.128,00 |
168.855,00 |
173.818,00 |
95.720,00 |
31.718,00 |
|
|
A.6. Financial and similar charges: |
6.559,00 |
11.623,00 |
34.698,00 |
16.599,00 |
2.915,00 |
|
|
a) Due to liabilities with companies of the group: |
4.680,00 |
6.660,00 |
8.057,00 |
4.445,00 |
2.915,00 |
|
|
b) Due to liabilities with associated companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Due to other debts: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
d) Losses from financial investments: |
1.879,00 |
4.963,00 |
26.641,00 |
12.154,00 |
0,00 |
|
|
A.7. Financial investment provision change: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.8. Exchange losses: |
0,00 |
0,00 |
0,00 |
0,00 |
9,00 |
|
|
A.II. POSITIVE FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8): |
0,00 |
0,00 |
0,00 |
0,00 |
29.149,00 |
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II): |
88.855,00 |
158.328,00 |
139.289,00 |
79.121,00 |
60.867,00 |
|
|
A.9. Changes in provisions for intangible, tangible and securities portfolio: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.10. Losses from tangible and intangible fixed assets and portfolio: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.11. Losses from transactions with own shares and debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.12. Extraordinary expenses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.13. Prior year expenses and losses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.IV. EXTRAORDINARY PROFIT (B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13): |
2.199,00 |
0,00 |
0,00 |
0,00 |
18.698,00 |
|
|
A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV): |
91.055,00 |
158.328,00 |
139.289,00 |
79.121,00 |
79.565,00 |
|
|
A.14. Corporation Tax: |
22.764,00 |
39.582,00 |
28.812,00 |
15.824,00 |
19.891,00 |
|
|
A.15. Miscellaneous taxes: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.VI. FINANCIAL YEAR RESULT (PROFIT) (A.V-A.14-A.15): |
68.291,00 |
118.746,00 |
110.477,00 |
63.297,00 |
59.674,00 |
|
MERCANTILE REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
CREDIT |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
B) INCOME ( B.1 to B.8): |
947.786,00 |
1.442.439,00 |
1.728.821,00 |
1.803.637,00 |
2.302.261,00 |
|
|
B.1. Operating income: |
941.301,00 |
1.441.342,00 |
1.728.651,00 |
1.803.637,00 |
2.251.491,00 |
|
|
a) Net total sales: |
941.301,00 |
1.441.342,00 |
1.728.651,00 |
1.803.637,00 |
2.251.491,00 |
|
|
b) Miscellaneous operating income: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.I. PÉRDIDAS DE EXPLOTACIÓN (A.1+A.2+A.3+A.4+A.5-B.1 ): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.2. Financial income: |
4.286,00 |
1.097,00 |
170,00 |
0,00 |
32.072,00 |
|
|
a) Companies of the group: |
4.286,00 |
1.097,00 |
170,00 |
0,00 |
0,00 |
|
|
b) In associated companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Miscellaneous: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
d) Profit on financial investment: |
0,00 |
0,00 |
0,00 |
0,00 |
32.072,00 |
|
|
B.3. Exchange gains: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.II. NEGATIVE FINANCIAL RESULTS (A.6+A.7+A.8-B.2-B.3): |
2.273,00 |
10.526,00 |
34.528,00 |
16.599,00 |
0,00 |
|
|
B.III. LOSSES ON ORDINARY ACTIVITIES ( B.I + B.II - A.I - A.II ): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.4. Profit on disposal of both tangible and intangible fixed assets and securities portfolio: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.5. Profit on transactions with own shares and debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.6. Capital grants transferred to profit and loss: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.7. Extraordinary income: |
2.199,00 |
0,00 |
0,00 |
0,00 |
18.698,00 |
|
|
B.8. Income and profit of former financial years: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.IV. NEGATIVE EXTRAORDINARY RESULTS (A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.V. LOSSES BEFORE TAXES (B.III+B.IV-A.III-A.IV): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.VI. FINANCIAL YEAR RESULTS (LOSSES) (B.V+A.14+A.15): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
MERCANTILE REGISTRY.
CASHFLOW STATEMENT |
Model: Normal
> Source of information: Data contained in this section is taken from the information declared in the Annual Accounts submitted to the Trade Register.
|
|
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
1. Fiscal year result before taxes.: 61100 |
91.055,00 |
158.328,00 |
139.289,00 |
79.121,00 |
79.565,00 |
|
|
2. Results adjustments.: 61200 |
15.433,00 |
20.061,00 |
22.333,00 |
11.831,00 |
9.059,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
15.039,00 |
14.498,00 |
14.446,00 |
7.386,00 |
6.145,00 |
|
|
g) Financial income (-).: 61207 |
-4.286,00 |
-1.097,00 |
-170,00 |
0,00 |
0,00 |
|
|
h) Financial Expenses (+). : 61208 |
4.680,00 |
6.660,00 |
8.057,00 |
4.445,00 |
2.915,00 |
|
|
3. Changes in current capital equity.: 61300 |
-219.585,00 |
7.041,00 |
-59.195,00 |
48.473,00 |
385.013,00 |
|
|
a) Stock (+/-).: 61301 |
4.529,00 |
58.340,00 |
214.326,00 |
298.450,00 |
248.519,00 |
|
|
d) Debtors and other accounts receivable (+/-). : 61302 |
-38.530,00 |
-69.210,00 |
-17.447,00 |
-106.637,00 |
22.858,00 |
|
|
c) Other current assets (+/-). : 61303 |
-150.000,00 |
100.000,00 |
-100.000,00 |
0,00 |
0,00 |
|
|
d) Creditors and other accounts payable (+/-). : 61304 |
-35.584,00 |
-82.089,00 |
-156.073,00 |
-143.341,00 |
113.636,00 |
|
|
4. Other cash flows for operating activities.: 61400 |
-394,00 |
-5.563,00 |
-7.887,00 |
-4.445,00 |
-2.915,00 |
|
|
a) Interest payments (-). : 61401 |
-4.680,00 |
-6.660,00 |
-8.057,00 |
-4.445,00 |
-2.915,00 |
|
|
c) Interest collection (+). : 61403 |
4.286,00 |
1.097,00 |
170,00 |
0,00 |
0,00 |
|
|
5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
-113.492,00 |
179.868,00 |
94.540,00 |
134.981,00 |
470.723,00 |
|
|
6. Payments for investment (-).: 62100 |
0,00 |
0,00 |
0,00 |
-22.152,00 |
-34.248,00 |
|
|
c) Fixed assets. : 62103 |
0,00 |
0,00 |
0,00 |
-22.152,00 |
-34.248,00 |
|
|
7. Divestment payment collection (+). : 62200 |
13.670,00 |
11.275,00 |
10.793,00 |
0,00 |
15.993,00 |
|
|
b) Intangible fixed assets. : 62202 |
350,00 |
345,00 |
345,00 |
0,00 |
15.993,00 |
|
|
c) Fixed assets. : 62203 |
13.320,00 |
10.930,00 |
10.448,00 |
0,00 |
0,00 |
|
|
8. Investment activity cash flows (6 + 7) minus Amortization: 62300 |
-1.369,00 |
-3.223,00 |
-3.653,00 |
-29.538,00 |
-24.399,00 |
|
|
9. Payment collection and payments for equity instruments. : 63100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Payment collection and payments for financial liabilities instruments.: 63200 |
-109.324,00 |
-16.952,00 |
-13.200,00 |
-71.532,00 |
-501.465,00 |
|
|
a) Issuance : 63201 |
105.709,00 |
0,00 |
59,00 |
8.933,00 |
13.824,00 |
|
|
2. Debts incurred with credit institutions (+). : 63203 |
0,00 |
0,00 |
59,00 |
8.933,00 |
13.761,00 |
|
|
4. Special characteristic debts (+). : 63205 |
105.709,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Other debts (+). : 63206 |
0,00 |
0,00 |
0,00 |
0,00 |
64,00 |
|
|
b) Repayment and amortization of : 63207 |
-215.033,00 |
-16.952,00 |
-13.258,00 |
-80.465,00 |
-515.289,00 |
|
|
2. Debts incurred with credit institutions (-).: 63209 |
0,00 |
0,00 |
0,00 |
0,00 |
-397,00 |
|
|
5. Other debts (-). : 63212 |
-215.033,00 |
-16.952,00 |
-13.258,00 |
-80.465,00 |
-514.892,00 |
|
|
11. Payments from dividends and remunerations from other assets instruments. : 63300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Cash flows for financing activities (9+10+11).: 63400 |
-109.324,00 |
-16.952,00 |
-13.200,00 |
-71.532,00 |
-501.465,00 |
|
|
D) EFECTO DE LAS VARIACIONES DE LOS TIPOS DE CAMBIO: 64000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS (+/-5+/-8+/12+/-D) : 65000 |
-224.184,00 |
159.693,00 |
77.688,00 |
33.911,00 |
-55.141,00 |
|
|
Cash or equivalent assets as of beginning of the fiscal year.: 65100 |
362.144,00 |
202.451,00 |
124.763,00 |
90.853,00 |
145.994,00 |
|
|
Cash or equivalent assets as of end of the fiscal year.: 65200 |
137.960,00 |
362.144,00 |
202.451,00 |
124.763,00 |
90.853,00 |
|
|
FINANCIAL DIAGNOSIS |
|
|
|
|
> Economic-Financial Comparative Analysis
Data used in the following ratios and indicators is taken from the Annual Accounts submitted by the company to the TRADE REGISTER.
> Comparison within the Sector
|
Cash Flow |
2012 |
2011 |
Variación 2012 - 2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Cash Flow over Sales: |
-0,24 % |
0,00 % |
0,11 % |
0,01 % |
-314,96 % |
-104,06 % |
|
|
EBITDA over Sales: |
11,28 % |
2,62 % |
12,72 % |
4,34 % |
-11,34 % |
-39,55 % |
|
|
Cash Flow Yield: |
-0,19 % |
0,00 % |
0,13 % |
0,01 % |
-246,68 % |
-103,76 % |
|
|
Profitability |
2012 |
2011 |
Variación 2012 - 2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
8,68 % |
0,95 % |
13,46 % |
1,44 % |
-35,56 % |
-34,08 % |
|
|
Total economic profitability: |
7,98 % |
1,35 % |
13,16 % |
1,81 % |
-39,37 % |
-25,45 % |
|
|
Financial profitability: |
10,23 % |
-0,34 % |
19,81 % |
0,39 % |
-48,37 % |
-187,53 % |
|
|
Margin: |
9,68 % |
1,06 % |
11,72 % |
1,57 % |
-17,36 % |
-32,35 % |
|
|
Mark-up: |
9,44 % |
-0,22 % |
10,98 % |
0,27 % |
-14,07 % |
-182,85 % |
|
|
Solvency |
2012 |
2011 |
Variación 2012 - 2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,26 |
0,23 |
0,55 |
0,22 |
-53,17 |
8,31 |
|
|
Acid Test: |
1,17 |
1,07 |
1,01 |
1,02 |
16,28 |
5,42 |
|
|
Working Capital / Investment: |
0,53 |
0,21 |
0,44 |
0,23 |
19,92 |
-5,33 |
|
|
Solvency: |
2,20 |
1,79 |
1,85 |
1,76 |
18,85 |
1,99 |
|
|
Indebtedness |
2012 |
2011 |
Variación 2012 - 2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
0,80 |
1,08 |
1,09 |
1,36 |
-26,98 |
-20,70 |
|
|
Borrowing Composition: |
0,00 |
0,80 |
0,00 |
0,83 |
|
-3,33 |
|
|
Repayment Ability: |
-2,38 |
-1.451,83 |
4,10 |
60,69 |
-157,94 |
-2.492,18 |
|
|
Warranty: |
2,25 |
1,93 |
1,92 |
1,74 |
17,66 |
11,02 |
|
|
Generated resources / Total creditors: |
0,16 |
0,04 |
0,21 |
0,05 |
-24,21 |
-5,81 |
|
|
Efficiency |
2012 |
2011 |
Variación 2012 - 2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
1,66 |
1,11 |
1,83 |
1,19 |
-9,11 |
-7,34 |
|
|
Turnover of Collection Rights : |
2,81 |
4,25 |
4,86 |
4,13 |
-42,21 |
2,81 |
|
|
Turnover of Payment Entitlements: |
1,57 |
2,76 |
2,34 |
2,75 |
-32,98 |
0,36 |
|
|
Stock rotation: |
1,56 |
3,66 |
2,31 |
3,39 |
-32,63 |
8,05 |
|
|
Assets turnover: |
0,90 |
0,90 |
1,15 |
0,92 |
-22,02 |
-2,56 |
|
|
Borrowing Cost: |
0,88 |
2,43 |
1,02 |
2,40 |
-13,61 |
1,14 |
|
> Trend of indicators under the General Accounting Plan of 2007 (2012, 2011, 2010, 2009, 2008)
|
Cash Flow |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
Cash Flow over Sales: |
-0,24 % |
0,11 % |
0,04 % |
1,88 % |
-2,45 % |
|
|
EBITDA over Sales: |
11,28 % |
12,72 % |
10,89 % |
5,72 % |
1,68 % |
|
|
Cash Flow Yield: |
-0,19 % |
0,13 % |
0,07 % |
2,77 % |
-4,05 % |
|
|
Profitability |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
Operating economic profitability: |
8,68 % |
13,46 % |
15,88 % |
7,82 % |
2,33 % |
|
|
Total economic profitability: |
7,98 % |
13,16 % |
12,33 % |
6,82 % |
6,06 % |
|
|
Financial profitability: |
10,23 % |
19,81 % |
22,98 % |
17,10 % |
19,44 % |
|
|
Margin: |
9,68 % |
11,72 % |
10,06 % |
5,31 % |
1,41 % |
|
|
Mark-up: |
9,44 % |
10,98 % |
8,06 % |
4,39 % |
0,46 % |
|
|
Solvency |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
Liquidity: |
0,26 |
0,55 |
0,28 |
0,15 |
0,09 |
|
|
Acid Test: |
1,17 |
1,01 |
0,74 |
0,39 |
0,18 |
|
|
Working Capital / Investment: |
0,53 |
0,44 |
0,36 |
0,25 |
0,19 |
|
|
Solvency: |
2,20 |
1,85 |
1,60 |
1,36 |
1,25 |
|
|
Indebtedness |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
Indebtedness level: |
0,80 |
1,09 |
1,49 |
2,31 |
3,43 |
|
|
Borrowing Composition: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
Repayment Ability: |
-2,38 |
4,10 |
9,19 |
9,40 |
-2,72 |
|
|
Warranty: |
2,25 |
1,92 |
1,67 |
1,43 |
1,29 |
|
|
Generated resources / Total creditors: |
0,16 |
0,21 |
0,21 |
0,10 |
0,03 |
|
|
Efficiency |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
Productivity: |
1,66 |
1,83 |
1,89 |
1,56 |
1,20 |
|
|
Turnover of Collection Rights : |
2,81 |
4,86 |
7,61 |
8,60 |
21,85 |
|
|
Turnover of Payment Entitlements: |
1,57 |
2,34 |
2,73 |
2,47 |
2,73 |
|
|
Stock rotation: |
1,56 |
2,31 |
2,55 |
2,07 |
1,98 |
|
|
Assets turnover: |
0,90 |
1,15 |
1,58 |
1,47 |
1,65 |
|
|
Borrowing Cost: |
0,88 |
1,02 |
1,13 |
0,52 |
0,28 |
|
COMPARATIVE SECTORIAL BALANCE |
Sector-based Comparison under the rules of the New General Accounting Plan.
|
|
Variación - |
|
|
|
Empresa |
Sector |
|
|
Variación - |
|
|
|
Empresa |
Sector |
|
|
Variación - |
|
|
|
Empresa |
Sector |
Public Tenders and Works Won |
No Public Tenders assigned to the name of the company.
Research Summary |
|
The Company is engaged in the marketing of jewelry and jewelry items. Its annual sales have been reduced by 35% during 2012 compared to 2011. |
Sources |
|
Registry of Commerce's Official Gazette. Own and external data bases Company References |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in February
2013. A senior executive of GJEPC said, “Export of cut and polished diamonds
started falling month-wise after the imposition of 2 % of import duty on the
polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.