MIRA
INFORM REPORT
|
Report Date : |
23.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SOLARPACK INGENIERIA SL |
|
|
|
|
Registered Office : |
C/ Astronomia, 1 PTL.L 9º - Modulo 5. - Sevilla - 41015 – Sevilla |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
19.05.2008 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged in Engineering activities and related technical
consultancy |
|
|
|
|
No. of Employees : |
14 |
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 but correct |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
EXECUTIVE SUMMARY
|
Name: |
SOLARPACK INGENIERIA SL |
|
NIF / Fiscal code: |
B91748863 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
19/05/2008 |
|
Register Data |
Register Section 8 Sheet 79534 |
|
Last Publication
in BORME: |
15/10/2013 [Take-over Merger] |
|
Last Published Account Deposit: |
2012 |
|
Share Capital: |
3.010 |
|
|
|
|
Localization: |
C/ ASTRONOMIA, 1 PTL.L 9º - MODULO 5. - SEVILLA - 41015 – SEVILLA,
SPAIN |
|
Telephone - Fax - Email - Website: |
Ph.:. 954975495 Email. info@solarpack.es
Website. www.solarpack.es |
|
Number of Branches |
1 |
|
|
|
|
Activity: |
|
|
NACE: |
7112 - Engineering activities and related technical consultancy |
|
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 |
|
|
|
|
Defaults, Legal
Claims and Insolvency Proceedings : |
|
|
|
|
|
|
|
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: |
|
SOLARPACK CORPORACION TECNOLOGICA SOCIEDAD LIMITADA |
100 % |
|
|
Shares: |
0 |
|
|
Other Links: |
7 |
|
|
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 was incorporated in May, 2008. It is engaged in
engineering services. The company is managed by 14 employees. According to all
this information, commercial relations can be envisaged in normal credit
operations. |
|
|
Interviewed Person: |
|
Identification
|
Social
Denomination: |
SOLARPACK INGENIERIA SL |
|
NIF / Fiscal
code: |
B91748863 |
|
Corporate Status: |
ACTIVE |
|
Start of
activity: |
2008 |
|
Registered
Office: |
C/ ASTRONOMIA, 1 PTL.L 9º - MODULO 5. |
|
Locality: |
SEVILLA |
|
Province: |
SEVILLA |
|
Postal Code: |
41015 |
|
Telephone: |
954975495 |
|
Fax: |
944309209 |
|
Website: |
www.solarpack.es |
|
Email: |
info@solarpack.es |
|
Interviewed
Person: |
Administración |
Branch Offices
|
Address |
Postal Code |
City |
Province |
|
Cristóbal Colón, 8 B |
48992 |
Getxo |
Vizcaya |
Activity
|
NACE: |
7112 |
|
Additional
Information: |
Engineering service. |
|
Additional
Address: |
C/ ASTRONOMIA, 1 PTL.L 9º - MODULO 5, 41015 SEVILLA, registered offce,
offiice and other premises. |
|
Franchise: |
No |
|
Import / export: |
DOES NOT IMPORT / DOES NOT EXPORT |
|
Future
Perspective: |
Consolidation |
|
Industry
situation: |
Maturity |
Number of Employees
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
|
2014 |
14 |
|
|
|
Chronological Summary
|
|
Year |
Act |
|
|
|
2008 |
Appointments/ Re-elections (2) Company Formation (1) Declaration of
Sole Propietorship (1) |
|
|
|
2009 |
Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1) |
|
|
|
2011 |
Accounts deposit (ejer. 2008, 2009, 2010) |
|
|
|
2012 |
Accounts deposit (ejer. 2011) |
|
|
|
2013 |
Accounts deposit (ejer. 2012) Take-over Merger (2) |
|
Breakdown of Owners' Equity
|
Registered
Capital: |
3.010 |
|
Paid up capital: |
3.010 |
Updated Evolution of the
Subscribed and Paid-in Capital
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
07/07/2008 |
Company Formation |
3.010 |
3.010 |
3.010 |
3.010 |
Active Social Bodies
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
|
SINGLE PARTNER |
SOLARPACK CORPORACION TECNOLOGICA SL |
07/07/2008 |
1 |
|
SINGLE ADMINISTRATOR |
BURGOS GALINDEZ PABLO |
05/10/2009 |
2 |
|
JOINT ATTORNEY |
BENGURIA FERNANDEZ LUIS |
20/08/2008 |
1 |
|
|
BURGOS GALINDEZ PABLO |
20/08/2008 |
2 |
|
|
PARLADE GALINDEZ TOMAS |
20/08/2008 |
1 |
|
|
BURGOS GALINDEZ MARIA |
20/08/2008 |
1 |
Historical Social Bodies
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
GALINDEZ ZUBIRIA JOSE MARIA |
SINGLE ADMINISTRATOR |
05/10/2009 |
1 |
Executive board
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
PABLO BURGOS GALINDEZ |
|
MANAGING DIRECTOR |
|
PABLO BURGOS GALINDEZ |
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. Productivity increase. The Company has yield from its typical
operating activities. Moreover, this productivity has increased with respect
to the previous fiscal year, a fact that might improve its financial
situation. Positive Working CapitalThe Company's Working Capital quality is
significant, i.e. much of the Company financing comes from its equity. A
structure is considered optimal if its liquidity level is slightly above its
debt volume as a result of low idleness levels of its financial resources
involved. During 2012 the company renewed its customer portfolio 1.02 times. This
reflects an approximate average payment collection term of más de 180 días
days. Average payment term to suppliers is shorter than average payment term
from customers.This means that the company pays its suppliers earlier than it
receives payment from its customers. This benefits suppliers and is risky for
the company from a financial perspective, as it must finance costumer's
payment term by using its own capital. |
ROE lowering effect. Total Economic Rate of Return in 2012 is lower than
the Borrowing Cost; therefore, the leverage is lower than the unit and has a
ROE lowering effect. This indicates that the Company should not incur any
further debts, as this would reduce its shareholders' profitability. Financial Cost Increase. The company's average financial expense in
2012 with respect to its operating gross result is -0.69%. As this value is
higher than that of the previous fiscal year, the financial situation may be
hindered. The company has no profits before taxes resulting from its investment
in subscribed capital. Immediate solvency is significantly lower than that of the previous
fiscal year. It has no operating income return. SOLARPACK INGENIERIA SL has no
yield with respect to its equity. This, in principle, might deteriorate the
company's financial standing. |
Probability
of default
> Probabilidad Estimada de Impago para los próximos 12 meses:
9.3 %
|
Sector in which comparison is carried out : 711 Architectural and engineering activities and related
technical consultancy |
|
|
Relative Position:
|
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 probability of the company's non-compliance with its payment
obligations within deadlines estimated by our qualifications models is 9.29%.
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 |
|
|
|
|
|
|
|
|
||
|
|
|
No se han publicado |
|
|
|
|
No se han publicado |
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|
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||
|
|
|
No se han publicado |
|
|
|
|
No se han publicado |
|
|
|
|
No se han publicado |
|
|
|
|
No se han publicado |
|
|
|
|
||
|
|
|
No se han publicado |
|
|
|
Proceedings by the old Civil Procedural Law 1.881 |
No se han publicado |
|
|
PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL |
|
||
|
|
|
No se han publicado |
|
PROCEDURES OF CONTEST, BANKRUPTCY
AND BANKRUPTCY PROTECTION
Suppliers
|
|
Name |
NIF |
Telephone |
|
|
|
MRW |
|
|
|
Link List
|
ABSORBS TO: |
1 Entities |
|
IS RELATED WITH: |
6 Entities |
|
SHAREHOLDERS: |
1 Entities |
> Shareholders
|
Relationship |
Entity |
Province |
Shareholding stake |
|
SHAREHOLDERS |
SOLARPACK CORPORACION TECNOLOGICA SOCIEDAD LIMITADA |
VIZCAYA |
100 |
> Other relationships
|
Relationship |
Entity |
Province |
Shareholding stake |
|
IS RELATED WITH |
| | |
|
|
|
|
BERAUNBERRI SOCIEDAD LIMITADA |
VIZCAYA |
|
|
|
CALAMAR SOLAR 3, S.A. |
|
|
|
|
FAE GRUPO |
|
|
|
|
KABI SOLAR (PROPRIETATY), S.A. |
|
|
|
|
MOQUEGUA FV SAC |
|
|
|
|
UNION TEMPORAL DE EMPRESAS CHILE SOLAR 1 |
|
|
|
ABSORBS TO |
GESTION SOLAR ISLA MAYOR SL |
SEVILLA |
|
Turnover
|
Total Sales 2012 |
1.119.172,83 |
Financial Accounts and Balance
Sheets
Financial Years
Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2012 |
Normales |
October 2013 |
|
2011 |
Normales |
December 2012 |
|
2010 |
Normales |
November 2011 |
|
2009 |
Normales |
May 2011 |
|
2008 |
Normales |
May 2011 |
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 Abreviado de acuerdo al Nuevo Plan General
Contable 2007
Information
corresponding to the fiscal year 2012 2011 2010 2009 is
taken from information submitted to the TRADE REGISTER. Data corresponding to
fiscal years before 2012 2011 2010 2009 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, created
such criteria using its own methodology. To view details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2012 |
2011 |
2010 |
2009 |
|
|
A) NON-CURRENT ASSETS: 11000 |
97.667,00 |
101.333,00 |
49.315,00 |
113.076,00 |
|
|
I. Intangible fixed assets : 11100 |
814,00 |
1.328,00 |
1.842,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
23.959,00 |
37.005,00 |
47.473,00 |
54.735,00 |
|
|
III. Real estate investment: 11300 |
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 |
|
|
V. Long-term financial investments: 11500 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Assets for deferred tax : 11600 |
72.894,00 |
63.000,00 |
0,00 |
58.341,00 |
|
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) CURRENT ASSETS: 12000 |
904.288,00 |
2.150.304,00 |
5.905.690,00 |
644.818,00 |
|
|
I. Non-current assets held for sale : 12100 |
0,00 |
0,00 |
873.736,00 |
0,00 |
|
|
II. Stocks: 12200 |
0,00 |
0,00 |
0,00 |
246.499,00 |
|
|
III. Trade debtors and others receivable
accounts: 12300 |
1.094.073,00 |
594.407,00 |
2.239.482,00 |
310.742,00 |
|
|
1.- Customers for sales and provisions
of services : 12380 |
-13.383,00 |
570.667,00 |
2.067.664,00 |
309.504,00 |
|
|
a)
Long-term receivables from sales and services supplied: 12381 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Customers
for sales and provisions of services : 12382 |
-13.383,00 |
570.667,00 |
2.067.664,00 |
309.504,00 |
|
|
2.- Called up share capital
: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other accounts receivable
: 12390 |
1.107.456,00 |
23.740,00 |
171.818,00 |
1.238,00 |
|
|
IV. Short-term investments in Group companies and
associates: 12400 |
-246.352,00 |
71.321,00 |
0,00 |
0,00 |
|
|
V. Short-term financial investments : 12500 |
1.443,00 |
1.001.312,00 |
305.823,00 |
0,00 |
|
|
VI. Short-term accruals: 12600 |
330,00 |
330,00 |
0,00 |
0,00 |
|
|
VII. Cash and other equivalent liquid assets :
12700 |
54.793,00 |
482.933,00 |
2.486.650,00 |
87.578,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
1.001.955,00 |
2.251.637,00 |
5.955.005,00 |
757.895,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and Net
Worth |
2012 |
2011 |
2010 |
2009 |
|
|
A) NET WORTH: 20000 |
259.899,00 |
308.282,00 |
746.879,00 |
-291.394,00 |
|
|
A1) Shareholders' equity : 21000 |
259.899,00 |
308.282,00 |
746.879,00 |
-291.394,00 |
|
|
I. Capital: 21100 |
3.010,00 |
3.010,00 |
3.010,00 |
3.010,00 |
|
|
1.-
Registered capital: 21110 |
3.010,00 |
3.010,00 |
3.010,00 |
3.010,00 |
|
|
2.-
(Uncalled capital) : 21120 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Share premium:
21200 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Reserves: 21300 |
305.272,00 |
602,00 |
0,00 |
0,00 |
|
|
IV. (Common stock equity):
21400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought
forward: 21500 |
0,00 |
0,00 |
-294.404,00 |
-119.379,00 |
|
|
VI. Other
shareholders' contributions: 21600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period:
21700 |
-48.383,00 |
1.961.402,00 |
1.038.273,00 |
-175.024,00 |
|
|
VIII. (Interim dividend):
21800 |
0,00 |
-1.656.733,00 |
0,00 |
0,00 |
|
|
IX. Other net worth
instruments: 21900 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A2) Adjustments due to changes in value :
22000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-3) Received subsidies, donations and legacies:
23000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) NON-CURRENT LIABILITIES: 31000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1.- Amounts owed to credit
institutions: 31220 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2.- Creditors from financial
leasing : 31230 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other long-term
creditors : 31290 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Long-term debts with Group companies and
associates: 31300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C) CURRENT LIABILITIES : 32000 |
742.057,00 |
1.943.355,00 |
5.208.126,00 |
1.049.289,00 |
|
|
I. Liabilities linked to non-current assets held
for sale : 32100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term provisions: 32200 |
177.675,00 |
210.000,00 |
0,00 |
0,00 |
|
|
III. Short-term creditors : 32300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1.- Amounts owed to credit
institutions: 32320 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2.- Creditors from financial
leasing : 32330 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other short-term
creditors : 32390 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term debts with Group companies and
associates: 32400 |
96,00 |
0,00 |
43.331,00 |
944.949,00 |
|
|
V. Trade creditors and other accounts payable:
32500 |
564.286,00 |
1.733.355,00 |
4.842.673,00 |
104.339,00 |
|
|
1.- Suppliers: 32580 |
52.051,00 |
788.538,00 |
4.370.629,00 |
35.543,00 |
|
|
a) Long-term
debts : 32581 |
0,00 |
0,00 |
4.370.623,00 |
0,00 |
|
|
b)
Short-term debts : 32582 |
52.051,00 |
788.538,00 |
6,00 |
35.543,00 |
|
|
2.- Other creditors :
32590 |
512.235,00 |
944.817,00 |
472.044,00 |
68.797,00 |
|
|
VI. Short-term accruals: 32600 |
0,00 |
0,00 |
322.122,00 |
0,00 |
|
|
VII. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000 |
1.001.955,00 |
2.251.637,00 |
5.955.005,00 |
757.895,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and
Loss |
2012 |
2011 |
2010 |
2009 |
|
|
1. Net turnover: 40100 |
1.119.173,00 |
31.946.032,00 |
7.459.645,00 |
278.898,00 |
|
|
2. Changes in stocks of finished goods and work
in progress: 40200 |
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 |
|
|
4. Supplies : 40400 |
-2.089,00 |
-26.344.345,00 |
-5.221.270,00 |
165.237,00 |
|
|
5. Other operating income: 40500 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Personnel costs: 40600 |
-917.420,00 |
-949.066,00 |
-516.803,00 |
-469.137,00 |
|
|
7. Other operating costs: 40700 |
-255.491,00 |
-1.881.266,00 |
-296.890,00 |
-187.724,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-13.560,00 |
-14.947,00 |
-13.325,00 |
-12.520,00 |
|
|
9. Allocation of subsidies of non-financial fixed
assets and other: 40900 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
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 |
|
|
12. Negative difference in combined businesses:
41200 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
13. Other results : 41300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) : 49100 |
-69.386,00 |
2.756.408,00 |
1.411.357,00 |
-225.247,00 |
|
|
14. Financial income : 41400 |
11.494,00 |
35.492,00 |
1.958,00 |
495,00 |
|
|
a) Allocation of financial
subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income:
41490 |
11.494,00 |
35.492,00 |
1.958,00 |
495,00 |
|
|
15. Financial expenditure: 41500 |
-385,00 |
-1.497,00 |
-6.532,00 |
-8.614,00 |
|
|
16. Changes in fair value of financial
instruments : 41600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
17. Exchange rate differences : 41700 |
0,00 |
-2.857,00 |
0,00 |
0,00 |
|
|
18. Impairment and result for transfers of
financial instruments: 41800 |
0,00 |
14.458,00 |
959,00 |
0,00 |
|
|
19. Other financial income and expenditure:
42100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Incorporation of
financial expenditure to assets: 42110 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Financial income from
arrangement with creditors: 42120 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Other income and expenditure:
42130 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) FINANCIAL REVENUE (14 + 15 + 16 + 17 + 18 + 19) : 49200 |
11.109,00 |
45.595,00 |
-3.615,00 |
-8.119,00 |
|
|
C) NET RESULT BEFORE TAXES (A + B) : 49300 |
-58.277,00 |
2.802.003,00 |
1.407.742,00 |
-233.366,00 |
|
|
20. Income taxes: 41900 |
9.894,00 |
-840.601,00 |
-369.469,00 |
58.341,00 |
|
|
D) RESULT OF THE PERIOD (C + 20) : 49500 |
-48.383,00 |
1.961.402,00 |
1.038.273,00 |
-175.024,00 |
|
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 |
|
|
1. Fiscal year result before taxes.: 61100 |
-58.277,00 |
2.802.003,00 |
1.407.742,00 |
-233.366,00 |
|
|
2. Results adjustments.: 61200 |
-29.874,00 |
190.953,00 |
17.900,00 |
20.639,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
13.560,00 |
14.947,00 |
13.325,00 |
12.520,00 |
|
|
c) Variation in Provision (+/-). : 61203 |
-32.325,00 |
210.000,00 |
0,00 |
0,00 |
|
|
g) Financial income (-).: 61207 |
-11.494,00 |
-35.492,00 |
-1.958,00 |
-495,00 |
|
|
h) Financial Expenses (+). : 61208 |
385,00 |
1.497,00 |
6.532,00 |
8.614,00 |
|
|
3. Changes in current capital equity.: 61300 |
-341.299,00 |
-3.394.106,00 |
2.702.922,00 |
-394.560,00 |
|
|
a) Stock (+/-).: 61301 |
0,00 |
0,00 |
246.499,00 |
-246.499,00 |
|
|
d) Debtors and other accounts receivable (+/-). :
61302 |
-499.666,00 |
1.645.075,00 |
-1.928.740,00 |
-310.742,00 |
|
|
c) Other current assets (+/-). : 61303 |
1.317.542,00 |
-767.140,00 |
-305.823,00 |
0,00 |
|
|
d) Creditors and other accounts payable (+/-). :
61304 |
-1.159.175,00 |
-3.949.919,00 |
4.368.864,00 |
162.681,00 |
|
|
e) Other current liabilities (+/-).: 61305 |
0,00 |
-322.122,00 |
322.122,00 |
0,00 |
|
|
4. Other cash flows for operating activities.: 61400 |
11.109,00 |
33.995,00 |
-4.574,00 |
-8.119,00 |
|
|
a) Interest payments (-). : 61401 |
-385,00 |
-1.497,00 |
-6.532,00 |
-8.614,00 |
|
|
c) Interest collection (+). : 61403 |
11.494,00 |
35.492,00 |
1.958,00 |
495,00 |
|
|
5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
-418.342,00 |
-367.155,00 |
4.123.989,00 |
-615.405,00 |
|
|
6. Payments for investment (-).: 62100 |
-9.894,00 |
-63.000,00 |
-875.578,00 |
-113.076,00 |
|
|
b) Intangible fixed assets. : 62102 |
0,00 |
0,00 |
-1.842,00 |
0,00 |
|
|
c) Fixed assets. : 62103 |
0,00 |
0,00 |
0,00 |
-54.735,00 |
|
|
f) Non-current assets kept for sale. :
62106 |
0,00 |
0,00 |
-873.736,00 |
0,00 |
|
|
h) Other assets. : 62108 |
-9.894,00 |
-63.000,00 |
0,00 |
-58.341,00 |
|
|
7. Divestment payment collection (+). : 62200 |
13.560,00 |
884.718,00 |
65.604,00 |
0,00 |
|
|
b) Intangible fixed assets. : 62202 |
514,00 |
514,00 |
0,00 |
0,00 |
|
|
c) Fixed assets. : 62203 |
13.046,00 |
10.468,00 |
7.262,00 |
0,00 |
|
|
f) Non-current assets kept for sale. :
62206 |
0,00 |
873.736,00 |
0,00 |
0,00 |
|
|
h) Other assets. : 62208 |
0,00 |
0,00 |
58.341,00 |
0,00 |
|
|
8. Investment activity cash flows (6 + 7) minus Amortization:
62300 |
-9.894,00 |
806.770,00 |
-823.300,00 |
-125.597,00 |
|
|
9. Payment collection and payments for equity instruments. :
63100 |
-1.656.733,00 |
-743.267,00 |
0,00 |
-116.369,00 |
|
|
b) Amortization of assets instruments (-). :
63102 |
-1.656.733,00 |
-743.267,00 |
0,00 |
-116.369,00 |
|
|
10. Payment collection and payments for financial liabilities
instruments.: 63200 |
96,00 |
-43.331,00 |
-901.618,00 |
944.949,00 |
|
|
a) Issuance : 63201 |
96,00 |
0,00 |
0,00 |
944.949,00 |
|
|
3. Debts incurred with companies of the group and
affiliates (+).: 63204 |
96,00 |
0,00 |
0,00 |
944.949,00 |
|
|
b) Repayment and amortization of : 63207 |
0,00 |
-43.331,00 |
-901.618,00 |
0,00 |
|
|
3. Debts incurred with companies of the group and
affiliates (-). : 63210 |
0,00 |
-43.331,00 |
-901.618,00 |
0,00 |
|
|
11. Payments from dividends and remunerations from other assets
instruments. : 63300 |
1.656.733,00 |
-1.656.733,00 |
0,00 |
0,00 |
|
|
a) Dividends (-).: 63301 |
1.656.733,00 |
-1.656.733,00 |
0,00 |
0,00 |
|
|
12. Cash flows for financing activities (9+10+11).: 63400 |
96,00 |
-2.443.331,00 |
-901.618,00 |
828.580,00 |
|
|
D) EFECTO DE LAS VARIACIONES DE LOS TIPOS DE CAMBIO: 64000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS
(+/-5+/-8+/12+/-D) : 65000 |
-428.140,00 |
-2.003.716,00 |
2.399.072,00 |
87.578,00 |
|
|
Cash or equivalent assets as of beginning of the
fiscal year.: 65100 |
482.933,00 |
2.486.650,00 |
87.578,00 |
0,00 |
|
|
Cash or equivalent assets as of end of the fiscal
year.: 65200 |
54.793,00 |
482.933,00 |
2.486.650,00 |
87.578,00 |
|
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: |
-0,38 % |
0,02 % |
-0,06 % |
0,14 % |
-509,92 % |
-89,27 % |
|
|
EBITDA over Sales: |
-4,99 % |
1,92 % |
8,68 % |
5,98 % |
-157,50 % |
-67,86 % |
|
|
Cash Flow Yield: |
-0,43 % |
0,00 % |
-0,89 % |
0,03 % |
51,98 % |
-89,31 % |
|
|
Profitability |
2012 |
2011 |
Variación 2012 - 2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
-5,56 % |
-2,00 % |
233,79 % |
0,35 % |
-102,38 % |
-674,39 % |
|
|
Total economic profitability: |
-5,78 % |
-1,07 % |
124,51 % |
-0,19 % |
-104,64 % |
-465,76 % |
|
|
Financial profitability: |
-18,62 % |
-4,65 % |
636,24 % |
-3,85 % |
-102,93 % |
-20,85 % |
|
|
Margin: |
-6,20 % |
-3,71 % |
8,63 % |
0,70 % |
-171,85 % |
-626,31 % |
|
|
Mark-up: |
-5,21 % |
-10,21 % |
8,77 % |
-6,92 % |
-159,37 % |
-47,55 % |
|
|
Solvency |
2012 |
2011 |
Variación 2012 - 2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,10 |
0,16 |
0,28 |
0,13 |
-65,15 |
22,95 |
|
|
Acid Test: |
1,60 |
0,87 |
1,24 |
0,84 |
29,13 |
2,79 |
|
|
Working Capital / Investment: |
0,16 |
0,08 |
0,09 |
0,11 |
76,17 |
-27,21 |
|
|
Solvency: |
1,73 |
1,44 |
1,28 |
1,50 |
35,60 |
-3,82 |
|
|
Indebtedness |
2012 |
2011 |
Variación 2012 - 2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
2,17 |
0,96 |
5,62 |
1,32 |
-61,38 |
-26,69 |
|
|
Borrowing Composition: |
0,00 |
1,19 |
0,00 |
1,24 |
|
-3,57 |
|
|
Repayment Ability: |
-1,32 |
135,67 |
-0,87 |
16,79 |
-52,38 |
707,91 |
|
|
Warranty: |
1,78 |
2,04 |
1,30 |
1,76 |
36,67 |
15,77 |
|
|
Generated resources / Total creditors: |
-0,06 |
0,00 |
1,13 |
0,01 |
-105,45 |
-103,48 |
|
|
Efficiency |
2012 |
2011 |
Variación 2012 - 2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
0,94 |
1,08 |
3,92 |
1,27 |
-76,04 |
-15,04 |
|
|
Turnover of Collection Rights : |
1,02 |
3,65 |
53,74 |
3,45 |
-98,10 |
5,95 |
|
|
Turnover of Payment Entitlements: |
0,46 |
2,40 |
16,28 |
2,24 |
-97,20 |
7,35 |
|
|
Stock rotation: |
|
2,38 |
|
1,72 |
|
38,35 |
|
|
Assets turnover: |
0,90 |
0,54 |
27,10 |
0,49 |
-96,69 |
9,13 |
|
|
Borrowing Cost: |
0,07 |
2,93 |
0,09 |
2,81 |
-21,10 |
4,07 |
|
> Trend of indicators under the General Accounting Plan of 2007
(2012, 2011, 2010, 2009)
|
Cash Flow |
2012 |
2011 |
2010 |
2009 |
|
|
Cash Flow over Sales: |
-0,38 % |
-0,06 % |
0,32 % |
0,31 % |
|
|
EBITDA over Sales: |
-4,99 % |
8,68 % |
19,10 % |
-76,27 % |
|
|
Cash Flow Yield: |
-0,43 % |
-0,89 % |
0,40 % |
0,12 % |
|
|
Profitability |
2012 |
2011 |
2010 |
2009 |
|
|
Operating economic profitability: |
-5,56 % |
233,79 % |
24,98 % |
-29,72 % |
|
|
Total economic profitability: |
-5,78 % |
124,51 % |
23,75 % |
-29,65 % |
|
|
Financial profitability: |
-18,62 % |
636,24 % |
139,01 % |
60,06 % |
|
|
Margin: |
-6,20 % |
8,63 % |
18,92 % |
-80,76 % |
|
|
Mark-up: |
-5,21 % |
8,77 % |
18,87 % |
-83,67 % |
|
|
Solvency |
2012 |
2011 |
2010 |
2009 |
|
|
Liquidity: |
0,10 |
0,28 |
0,48 |
0,08 |
|
|
Acid Test: |
1,60 |
1,24 |
0,97 |
0,38 |
|
|
Working Capital / Investment: |
0,16 |
0,09 |
0,12 |
-0,53 |
|
|
Solvency: |
1,73 |
1,28 |
0,97 |
0,67 |
|
|
Indebtedness |
2012 |
2011 |
2010 |
2009 |
|
|
Indebtedness level: |
2,17 |
5,62 |
6,97 |
-3,60 |
|
|
Borrowing Composition: |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
Repayment Ability: |
-1,32 |
-0,87 |
2,17 |
11,98 |
|
|
Warranty: |
1,78 |
1,30 |
1,14 |
0,72 |
|
|
Generated resources / Total creditors: |
-0,06 |
1,13 |
0,20 |
-0,15 |
|
|
Efficiency |
2012 |
2011 |
2010 |
2009 |
|
|
Productivity: |
0,94 |
3,92 |
3,76 |
0,55 |
|
|
Turnover of Collection Rights : |
1,02 |
53,74 |
3,33 |
0,90 |
|
|
Turnover of Payment Entitlements: |
0,46 |
16,28 |
1,14 |
3,38 |
|
|
Stock rotation: |
|
|
|
2,05 |
|
|
Assets turnover: |
0,90 |
27,10 |
1,32 |
0,37 |
|
|
Borrowing Cost: |
0,07 |
0,09 |
0,13 |
0,82 |
|
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 was
incorporated in May, 2008. It is engaged in engineering services. The company
is managed by 14 employees. According to all this information, commercial
relations can be envisaged in normal credit operations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.101.98 |
|
Euro |
1 |
Rs.83.93 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.