MIRA
INFORM REPORT
|
Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ENCUENTRO MODAS SL |
|
|
|
|
Registered Office : |
P.I. De Guimar, Manzana E, Parcela 2,. Arafo Santa Cruz De Tenerife
38509 |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
30.06.2009 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of other wearing apparel and accessories |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2014
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
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 |
EXECUTIVE SUMMARY
|
Name: |
ENCUENTRO MODAS SL |
|
NIF / Fiscal code: |
B38987897 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
30/06/2009 |
|
Register Data |
Register Section 8 Sheet 46203 |
|
Last Publication in BORME: |
17/01/2014 [Appointments] |
|
Last Published Account Deposit: |
2012 |
|
Share Capital: |
57.906 |
|
|
|
|
Localization: |
P.I. DE GUIMAR, MANZANA E, PARCELA 2,. - ARAFO - 38509 - SANTA CRUZ DE
TENERIFE |
|
Telephone - Fax - Email - Website: |
Ph.:. 922685172 Email. info@encuentromoda.com
Website. www.encuentromoda.es |
|
Number of Branches |
1 |
|
|
|
|
Activity: |
|
|
NACE: |
1419 - Manufacture of other wearing apparel and accessories |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
Si / |
|
Tenders and Awards: |
0 for a total cost of 0 |
|
Subsidies: |
3 for a total cost of 19158.53 |
|
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: |
|
RAULANGEL MENDEZ MORA |
100 % |
|
|
Shares: |
0 |
|
|
Other Links: |
2 |
|
|
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
|
It is a company incorporated in the year 2009, dedicated to the
design, preparation and sale of clothes and accessories. Its turnover
increased a 9.09% in 2012, compared to the previous year. It meets normal
payment commitments. |
Enquiry Details
|
Identification |
|
|
Social Denomination: |
ENCUENTRO MODAS SL |
|
NIF / Fiscal code: |
B38987897 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
2009 |
|
Registered Office: |
P.I. DE GUIMAR, MANZANA E, PARCELA 2,. |
|
Locality: |
ARAFO |
|
Province: |
SANTA CRUZ DE TENERIFE |
|
Postal Code: |
38509 |
|
Telephone: |
922685172 |
|
Website: |
|
|
Email: |
info@encuentromoda.com |
Branch Offices
|
Address |
Postal Code |
City |
Province |
|
CALLE DRAPER 32 POL IND VALLDEGATA |
08350 |
ARENYS DE MAR |
BARCELONA |
|
Activity |
|
|
NACE: |
1419 |
|
Additional Information: |
It is dedicated to design, manufacture, sale of clothes and fashion
accessories. Commercial name: ENCUENTRO. It has more than 90 points in Spain. |
|
Additional Address: |
P.I. DE GUIMAR, MANZANA E, PARCELA 2,. 38509 ARAFO ( TENERIFE ), Head
office, factory, workshop, warehouse, offices, ship property. C/
D''''''''''''''''EN DRAPER , 32 POL INDA VALLDEGATA 08350 ARENYS DE MAR (
BARCELONA ). C/ SEBASTIAN ELCANO, 32 1ş LOFT 18 28012 MADRID. |
|
Import / export: |
IMPORTS |
|
Future Perspective: |
Consolidation |
|
Industry situation: |
Maturity |
Chronological
Summary
|
|
Year |
Act |
|
|
|
2009 |
Appointments/ Re-elections (5) Company Formation (1) Declaration of
Sole Propietorship (1) Errata (1) |
|
|
|
2010 |
Accounts deposit (ejer. 2009) Appointments/ Re-elections (1)
Cessations/ Resignations/ Reversals (1) Change of Social address (1) |
|
|
|
2011 |
Accounts deposit (ejer. 2010) Appointments/ Re-elections (1) |
|
|
|
2012 |
Accounts deposit (ejer. 2011) Appointments/ Re-elections (1) |
|
|
|
2013 |
Accounts deposit (ejer. 2012) Appointments/ Re-elections (1) |
|
|
|
2014 |
Appointments/ Re-elections (1) |
|
Breakdown of
Owners' Equity
|
Registered Capital: |
57.906 |
|
Paid up capital: |
57.906 |
|
Updated Evolution of the Subscribed and Paid-in
Capital |
|||||
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
22/07/2009 |
Company Formation |
57.906 |
57.906 |
57.906 |
57.906 |
Active Social Bodies
|
Post published |
Social Body's
Name |
Appointment Date |
Other Positions
in this Company |
|
SINGLE PARTNER |
RAUL ANGEL MENDEZ MORA |
22/07/2009 |
2 |
|
SINGLE ADMINISTRATOR |
RAUL ANGEL MENDEZ MORA |
22/07/2009 |
2 |
|
COMBINED PROXY |
RODRIGUEZ LOPEZ DOMINGO CONRADO ANTONIO |
13/07/2012 |
2 |
|
|
GONZALO LORENZO-CACERES FARIZO |
13/07/2012 |
3 |
|
PROXY |
LORENZO GONZALEZ SARA |
25/11/2010 |
1 |
|
|
RODRIGUEZ LOPEZ DOMINGO CONRADO |
22/07/2009 |
1 |
|
ACCOUNTS' AUDITOR / HOLDER |
ERNST & YOUNG SL |
07/01/2014 |
3 |
Historical Social Bodies
|
Social Body's
Name |
Post published |
End Date |
Other Positions
in this Company |
|
ERNST & YOUNG SL |
ACCOUNTS' AUDITOR / HOLDER |
04/01/2013 |
3 |
|
|
ACCOUNTS' AUDITOR / HOLDER |
07/01/2014 |
|
|
GONZALO LORENZO-CACERES FARIZO |
PROXY |
13/07/2012 |
3 |
|
|
JOINT ATTORNEY |
22/07/2009 |
|
|
GUTIERREZ CUERVO MARIA SONSOLES |
PROXY |
18/10/2010 |
1 |
|
RODRIGUEZ LOPEZ DOMINGO CONRADO ANTONIO |
JOINT ATTORNEY |
13/07/2012 |
2 |
Executive board
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
RAUL ANGEL MENDEZ MORA |
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 |
--- |
|
|
> Basis for rating
|
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. The current debt represents a 20.61of the financial structure. In
principle, a decrease in this ratio would indicate an improvement in the
short-term financial situation. ENCUENTRO MODAS SL obtains economic profitability from the necessary
investments in the development of its activity in comparison with its assets. It has financial profitability.. ENCUENTRO MODAS SL obtains financial
return as a consequence of an investment in its own resources which, a
priori, might improve its financial and economic situation. |
Debts assumed by the company based on the volume of its own resources
have increased in the previous financial year. 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. Among the companies with similar characteristics, ENCUENTRO MODAS SL
is located in one of the autonomous communities that have shown lesser
business development in Spain. In principle, this feature hinders the
consolidation of companies. |
Probability of
default
> Probabilidad Estimada de Impago para los próximos 12 meses:
0.573 %
> Latest Rating Changes :
|
Sector in which comparison is carried out : 141 Manufacture of wearing apparel, except fur apparel |
|
|
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 99.00% of the companies of the sector ENCUENTRO MODAS SL 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 0.573%.
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.
Result of query submitted to the R.A.I. (Spanish Bad Debt Register) on
LEGAL CLAIMS
Summary of Judicial Claims
|
|
|
|
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
|
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
|
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
|
|
|
|
No se han publicado |
Link List
|
RESULTING FROM THE TOTAL SPIN-OFF: |
1 Entities |
|
IS RELATED WITH: |
1 Entities |
|
SHAREHOLDERS: |
1 Entities |
> Shareholders
|
Relationship |
Entity |
Province |
Shareholding
stake |
|
SHAREHOLDERS |
RAULANGEL MENDEZ MORA |
|
100 |
> Other relationships
|
Relationship |
Entity |
Province |
Shareholding
stake |
|
IS RELATED WITH |
ABEUM 3 SL |
SANTA CRUZ DE TENERIFE |
|
|
RESULTING FROM THE TOTAL SPIN-OFF |
ENCUENTRO MODAS SOCIEDAD ANONIMA |
SANTA CRUZ DE TENERIFE |
|
|
Turnover |
|
|
Total Sales 2013 |
36.300.000 |
Financial Accounts and Balance Sheets
Financial Years Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2012 |
Normales |
September 2013 |
|
2011 |
Normales |
July 2012 |
|
2010 |
Normales |
August 2011 |
|
2009 |
Normales |
October 2010 |
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. To view details on the
methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2012 |
2011 |
2010 |
2009 |
|
|
A) NON-CURRENT ASSETS: 11000 |
12.491.117,00 |
12.641.932,00 |
12.081.067,00 |
8.864.485,00 |
|
|
I. Intangible fixed assets : 11100 |
156.563,00 |
129.815,00 |
78.479,00 |
64.367,00 |
|
|
II. Tangible fixed assets : 11200 |
10.576.822,00 |
10.645.795,00 |
10.027.781,00 |
5.958.708,00 |
|
|
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 |
1.757.732,00 |
1.866.322,00 |
1.974.806,00 |
2.841.409,00 |
|
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) CURRENT ASSETS: 12000 |
13.438.035,00 |
10.189.043,00 |
12.326.618,00 |
10.607.525,00 |
|
|
I. Non-current assets held for sale : 12100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Stocks: 12200 |
8.259.449,00 |
7.104.468,00 |
6.295.474,00 |
4.359.879,00 |
|
|
III. Trade debtors and others receivable
accounts: 12300 |
324.868,00 |
999.427,00 |
1.038.467,00 |
708.452,00 |
|
|
1.- Customers for sales and
provisions of services : 12380 |
0,00 |
793.994,00 |
570.928,00 |
473.394,00 |
|
|
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 |
0,00 |
793.994,00 |
0,00 |
473.394,00 |
|
|
2.- Called up share capital
: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other accounts
receivable : 12390 |
0,00 |
205.433,00 |
467.539,00 |
235.058,00 |
|
|
IV. Short-term investments in Group companies and
associates: 12400 |
0,00 |
0,00 |
0,00 |
3.607,00 |
|
|
V. Short-term financial investments : 12500 |
1.285.144,00 |
282.145,00 |
3.038.986,00 |
2.903.696,00 |
|
|
VI. Short-term accruals: 12600 |
20.266,00 |
37.861,00 |
39.363,00 |
0,00 |
|
|
VII. Cash and other equivalent liquid assets :
12700 |
3.548.308,00 |
1.765.142,00 |
1.914.328,00 |
2.631.891,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
25.929.153,00 |
22.830.974,00 |
24.407.685,00 |
19.472.009,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and
Net Worth |
2012 |
2011 |
2010 |
2009 |
|
|
A) NET WORTH: 20000 |
20.550.832,00 |
19.646.205,00 |
19.526.749,00 |
17.360.255,00 |
|
|
A1) Shareholders' equity : 21000 |
20.548.585,00 |
19.642.714,00 |
19.522.014,00 |
17.354.277,00 |
|
|
I. Capital: 21100 |
57.906,00 |
57.906,00 |
57.906,00 |
57.906,00 |
|
|
1.-
Registered capital: 21110 |
0,00 |
57.906,00 |
57.906,00 |
57.906,00 |
|
|
2.-
(Uncalled capital) : 21120 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Share premium:
21200 |
88.044,00 |
88.044,00 |
88.044,00 |
88.044,00 |
|
|
III. Reserves: 21300 |
19.893.482,00 |
20.072.782,00 |
18.205.045,00 |
17.069.390,00 |
|
|
IV. (Common stock equity):
21400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought
forward: 21500 |
-1.096.718,00 |
-1.096.718,00 |
-1.096.718,00 |
-1.096.718,00 |
|
|
VI. Other shareholders'
contributions: 21600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period:
21700 |
1.605.871,00 |
520.700,00 |
2.267.738,00 |
1.235.655,00 |
|
|
VIII. (Interim dividend):
21800 |
0,00 |
0,00 |
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 |
2.248,00 |
3.491,00 |
4.735,00 |
5.978,00 |
|
|
B) NON-CURRENT LIABILITIES: 31000 |
33.851,00 |
42.127,00 |
37.966,00 |
43.193,00 |
|
|
I. Long-term provisions: 31100 |
28.013,00 |
28.013,00 |
28.013,00 |
28.013,00 |
|
|
II. Long-term creditors : 31200 |
4.874,00 |
12.618,00 |
7.924,00 |
12.618,00 |
|
|
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 |
4.694,00 |
|
|
3.- Other long-term
creditors : 31290 |
0,00 |
12.618,00 |
7.924,00 |
7.924,00 |
|
|
III. Long-term debts with Group companies and
associates: 31300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
963,00 |
1.496,00 |
2.029,00 |
2.562,00 |
|
|
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 |
5.344.470,00 |
3.142.642,00 |
4.842.970,00 |
2.068.562,00 |
|
|
I. Liabilities linked to non-current assets held
for sale : 32100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term provisions: 32200 |
3.250,00 |
16.457,00 |
18.000,00 |
0,00 |
|
|
III. Short-term creditors : 32300 |
1.050.626,00 |
594.899,00 |
1.735.860,00 |
286.062,00 |
|
|
1.- Amounts owed to credit
institutions: 32320 |
0,00 |
0,00 |
0,00 |
61,00 |
|
|
2.- Creditors from financial
leasing : 32330 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other short-term
creditors : 32390 |
0,00 |
594.899,00 |
1.735.860,00 |
286.001,00 |
|
|
IV. Short-term debts with Group companies and
associates: 32400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Trade creditors and other accounts payable:
32500 |
4.290.593,00 |
2.531.286,00 |
3.089.110,00 |
1.782.499,00 |
|
|
1.- Suppliers: 32580 |
0,00 |
1.116.690,00 |
1.381.875,00 |
693.342,00 |
|
|
a)
Long-term debts : 32581 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b)
Short-term debts : 32582 |
0,00 |
1.116.690,00 |
0,00 |
693.342,00 |
|
|
2.- Other creditors :
32590 |
0,00 |
1.398.654,00 |
1.691.293,00 |
1.073.215,00 |
|
|
VI. Short-term accruals: 32600 |
0,00 |
0,00 |
0,00 |
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 |
25.929.153,00 |
22.830.974,00 |
24.407.685,00 |
19.472.009,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and
Loss |
2012 |
2011 |
2010 |
2009 |
|
|
1. Net turnover: 40100 |
36.077.308,00 |
33.071.213,00 |
28.873.039,00 |
20.233.843,00 |
|
|
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 |
-15.776.686,00 |
-15.263.303,00 |
-11.438.940,00 |
-7.921.951,00 |
|
|
5. Other operating income: 40500 |
189.206,00 |
182.449,00 |
97.659,00 |
204.779,00 |
|
|
6. Personnel costs: 40600 |
-8.963.768,00 |
-7.852.295,00 |
-7.010.863,00 |
-5.270.904,00 |
|
|
7. Other operating costs: 40700 |
-7.562.398,00 |
-7.505.259,00 |
-6.643.849,00 |
-5.279.160,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-1.815.579,00 |
-1.544.543,00 |
-1.037.435,00 |
-858.799,00 |
|
|
9. Allocation of subsidies of non-financial fixed
assets and other: 40900 |
1.776,00 |
1.776,00 |
1.776,00 |
1.776,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of fixed
assets: 41100 |
-131.214,00 |
-51.373,00 |
-118.123,00 |
-42.917,00 |
|
|
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 |
2.018.645,00 |
1.038.667,00 |
2.723.264,00 |
1.066.668,00 |
|
|
14. Financial income : 41400 |
57.686,00 |
58.053,00 |
87.495,00 |
200.480,00 |
|
|
a) Allocation of financial
subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income:
41490 |
0,00 |
58.053,00 |
87.495,00 |
200.480,00 |
|
|
15. Financial expenditure: 41500 |
-166.497,00 |
-160.052,00 |
-94.989,00 |
-65.610,00 |
|
|
16. Changes in fair value of financial
instruments : 41600 |
8.367,00 |
-45.049,00 |
62.469,00 |
0,00 |
|
|
17. Exchange rate differences : 41700 |
123.629,00 |
-260.089,00 |
75.672,00 |
158.668,00 |
|
|
18. Impairment and result for transfers of
financial instruments: 41800 |
0,00 |
0,00 |
0,00 |
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 |
23.185,00 |
-407.137,00 |
130.647,00 |
293.537,00 |
|
|
C) NET RESULT BEFORE TAXES (A + B) : 49300 |
2.041.831,00 |
631.530,00 |
2.853.911,00 |
1.360.205,00 |
|
|
20. Income taxes: 41900 |
-435.960,00 |
-110.830,00 |
-586.173,00 |
-124.550,00 |
|
|
D) RESULT OF THE PERIOD (C + 20) : 49500 |
1.605.871,00 |
520.700,00 |
2.267.738,00 |
1.235.655,00 |
|
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 |
2.041.831,00 |
631.530,00 |
2.853.911,00 |
1.360.205,00 |
|
|
2. Results adjustments.: 61200 |
1.911.183,00 |
1.739.643,00 |
1.116.807,00 |
899.940,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
1.815.579,00 |
1.544.543,00 |
1.037.435,00 |
858.799,00 |
|
|
c) Variation in Provision (+/-). : 61203 |
-13.207,00 |
-1.543,00 |
18.000,00 |
0,00 |
|
|
d) Allocation of grants (-).: 61204 |
0,00 |
-1.776,00 |
-1.776,00 |
-1.776,00 |
|
|
e) Results on disposal of fixed assets (+/-). :
61205 |
0,00 |
51.373,00 |
118.123,00 |
42.917,00 |
|
|
g) Financial income (-).: 61207 |
-57.686,00 |
-58.053,00 |
-87.495,00 |
0,00 |
|
|
h) Financial Expenses (+). : 61208 |
166.497,00 |
160.052,00 |
94.989,00 |
0,00 |
|
|
j) Reasonable Value Variation in Financial
Instruments (+/-).: 61210 |
0,00 |
45.049,00 |
-62.469,00 |
0,00 |
|
|
3. Changes in current capital equity.: 61300 |
-142.479,00 |
-1.036.387,00 |
-1.536.300,00 |
-889.669,00 |
|
|
a) Stock (+/-).: 61301 |
-1.154.981,00 |
-808.995,00 |
-1.935.594,00 |
-1.343.146,00 |
|
|
d) Debtors and other accounts receivable (+/-). :
61302 |
674.558,00 |
3.390,00 |
-515.469,00 |
-187.304,00 |
|
|
c) Other current assets (+/-). : 61303 |
-985.404,00 |
1.502,00 |
-39.363,00 |
0,00 |
|
|
d) Creditors and other accounts payable (+/-). :
61304 |
1.323.347,00 |
-232.284,00 |
954.127,00 |
664.378,00 |
|
|
e) Other current liabilities (+/-).: 61305 |
0,00 |
0,00 |
0,00 |
-23.597,00 |
|
|
4. Other cash flows for operating activities.: 61400 |
-108.811,00 |
-478.718,00 |
-31.730,00 |
-193.107,00 |
|
|
a) Interest payments (-). : 61401 |
-166.497,00 |
-160.052,00 |
-94.989,00 |
0,00 |
|
|
c) Interest collection (+). : 61403 |
57.686,00 |
58.053,00 |
87.495,00 |
0,00 |
|
|
d) Income tax payment collection (payments)
(+/-).: 61404 |
0,00 |
-376.719,00 |
-24.236,00 |
-193.107,00 |
|
|
5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
3.701.724,00 |
856.068,00 |
2.402.687,00 |
1.177.369,00 |
|
|
6. Payments for investment (-).: 62100 |
-26.748,00 |
-5.747.974,00 |
-5.899.861,00 |
-5.733.833,00 |
|
|
a) Companies of the group and affiliates. :
62101 |
0,00 |
0,00 |
0,00 |
-3.607,00 |
|
|
b) Intangible fixed assets. : 62102 |
-26.748,00 |
-123.051,00 |
-53.406,00 |
-31.849,00 |
|
|
c) Fixed assets. : 62103 |
0,00 |
-3.569.530,00 |
-3.863.773,00 |
-775.741,00 |
|
|
e) Other financial assets. : 62105 |
0,00 |
-2.055.393,00 |
-1.982.682,00 |
-4.922.636,00 |
|
|
7. Divestment payment collection (+). : 62200 |
177.562,00 |
4.871.171,00 |
2.788.423,00 |
101.403,00 |
|
|
a) Companies of the group and affiliates. :
62201 |
0,00 |
0,00 |
3.607,00 |
0,00 |
|
|
c) Fixed assets. : 62203 |
68.973,00 |
19.502,00 |
32.353,00 |
14.268,00 |
|
|
e) Other financial assets. : 62205 |
108.590,00 |
4.710.200,00 |
2.752.464,00 |
87.135,00 |
|
|
h) Other assets. : 62208 |
0,00 |
141.470,00 |
0,00 |
0,00 |
|
|
8. Investment activity cash flows (6 + 7) minus Amortization:
62300 |
-1.664.765,00 |
-876.803,00 |
-3.111.437,00 |
-5.632.430,00 |
|
|
9. Payment collection and payments for equity instruments. :
63100 |
-701.243,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Issuance of equity instruments (+). :
63101 |
0,00 |
0,00 |
0,00 |
16.118.622,00 |
|
|
b) Amortization of assets instruments (-). : 63102 |
-700.000,00 |
0,00 |
0,00 |
0,00 |
|
|
e) Grants, donations and bequests received (+). :
63105 |
-1.243,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Payment collection and payments for financial liabilities
instruments.: 63200 |
447.450,00 |
271.549,00 |
91.188,00 |
-50.881,00 |
|
|
a) Issuance : 63201 |
455.727,00 |
271.549,00 |
95.882,00 |
0,00 |
|
|
5. Other debts (+). : 63206 |
455.727,00 |
271.549,00 |
95.882,00 |
0,00 |
|
|
b) Repayment and amortization of : 63207 |
-8.277,00 |
0,00 |
-4.694,00 |
-50.881,00 |
|
|
5. Other debts (-). : 63212 |
-8.277,00 |
0,00 |
-4.694,00 |
-50.881,00 |
|
|
11. Payments from dividends and remunerations from other assets
instruments. : 63300 |
0,00 |
-400.000,00 |
-100.000,00 |
-300.000,00 |
|
|
a) Dividends (-).: 63301 |
0,00 |
-400.000,00 |
-100.000,00 |
-300.000,00 |
|
|
12. Cash flows for financing activities (9+10+11).: 63400 |
-253.793,00 |
-128.451,00 |
-8.812,00 |
-350.881,00 |
|
|
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 |
1.783.166,00 |
-149.186,00 |
-717.562,00 |
-4.805.943,00 |
|
|
Cash or equivalent assets as of beginning of the
fiscal year.: 65100 |
1.765.142,00 |
1.914.328,00 |
2.631.891,00 |
7.487.834,00 |
|
|
Cash or equivalent assets as of end of the fiscal
year.: 65200 |
3.548.308,00 |
1.765.142,00 |
1.914.328,00 |
2.631.891,00 |
|
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: |
0,05 % |
-2,61 % |
0,00 % |
0,00 % |
|
|
|
|
EBITDA over Sales: |
10,99 % |
-0,38 % |
7,96 % |
10,05 % |
38,00 % |
-103,77 % |
|
|
Cash Flow Yield: |
0,07 % |
-0,59 % |
-0,01 % |
0,00 % |
1.152,51 % |
|
|
|
Profitability |
2012 |
2011 |
Variación 2012 -
2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
8,82 % |
-3,31 % |
5,02 % |
6,93 % |
75,64 % |
-147,72 % |
|
|
Total economic profitability: |
8,52 % |
-1,89 % |
3,47 % |
4,14 % |
145,64 % |
-145,73 % |
|
|
Financial profitability: |
7,81 % |
-6,70 % |
2,65 % |
5,79 % |
194,81 % |
-215,77 % |
|
|
Margin: |
5,57 % |
-6,48 % |
3,12 % |
6,36 % |
78,20 % |
-201,85 % |
|
|
Mark-up: |
5,63 % |
-14,31 % |
1,90 % |
4,75 % |
196,46 % |
-401,02 % |
|
|
Solvency |
2012 |
2011 |
Variación 2012 -
2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,66 |
0,16 |
0,56 |
0,11 |
17,66 |
44,11 |
|
|
Acid Test: |
0,97 |
0,86 |
0,97 |
0,84 |
-0,91 |
1,66 |
|
|
Working Capital / Investment: |
0,31 |
0,08 |
0,31 |
0,03 |
1,14 |
190,99 |
|
|
Solvency: |
2,52 |
1,43 |
3,26 |
1,18 |
-22,81 |
21,45 |
|
|
Indebtedness |
2012 |
2011 |
Variación 2012 -
2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
0,26 |
1,07 |
0,16 |
1,64 |
62,79 |
-35,14 |
|
|
Borrowing Composition: |
0,00 |
1,19 |
0,00 |
1,03 |
|
15,56 |
|
|
Repayment Ability: |
3,00 |
-0,88 |
-21,05 |
521,38 |
114,25 |
-100,17 |
|
|
Warranty: |
4,85 |
1,94 |
7,27 |
1,62 |
-33,30 |
19,92 |
|
|
Generated resources / Total creditors: |
0,64 |
-0,01 |
0,66 |
0,07 |
-2,70 |
-116,24 |
|
|
Efficiency |
2012 |
2011 |
Variación 2012 -
2011 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
1,44 |
0,98 |
1,34 |
1,75 |
8,01 |
-43,76 |
|
|
Turnover of Collection Rights : |
111,63 |
3,45 |
33,27 |
4,45 |
235,51 |
-22,46 |
|
|
Turnover of Payment Entitlements: |
5,44 |
2,40 |
8,99 |
3,27 |
-39,53 |
-26,41 |
|
|
Stock rotation: |
4,13 |
2,21 |
4,53 |
6,05 |
-8,76 |
-63,54 |
|
|
Assets turnover: |
1,58 |
0,51 |
1,61 |
1,09 |
-1,44 |
-53,14 |
|
|
Borrowing Cost: |
3,11 |
2,80 |
5,10 |
2,92 |
-38,91 |
-4,10 |
|
> Trend of indicators under the General Accounting Plan of 2007
(2012, 2011, 2010, 2009)
|
Cash Flow |
2012 |
2011 |
2010 |
2009 |
|
|
Cash Flow over Sales: |
0,05 % |
0,00 % |
-0,02 % |
-23,75 % |
|
|
EBITDA over Sales: |
10,99 % |
7,96 % |
13,43 % |
9,72 % |
|
|
Cash Flow Yield: |
0,07 % |
-0,01 % |
-0,03 % |
-24,68 % |
|
|
Profitability |
2012 |
2011 |
2010 |
2009 |
|
|
Operating economic profitability: |
8,82 % |
5,02 % |
14,04 % |
7,77 % |
|
|
Total economic profitability: |
8,52 % |
3,47 % |
12,08 % |
7,32 % |
|
|
Financial profitability: |
7,81 % |
2,65 % |
11,62 % |
7,12 % |
|
|
Margin: |
5,57 % |
3,12 % |
9,40 % |
5,22 % |
|
|
Mark-up: |
5,63 % |
1,90 % |
9,85 % |
6,66 % |
|
|
Solvency |
2012 |
2011 |
2010 |
2009 |
|
|
Liquidity: |
0,66 |
0,56 |
0,40 |
1,27 |
|
|
Acid Test: |
0,97 |
0,97 |
1,24 |
3,02 |
|
|
Working Capital / Investment: |
0,31 |
0,31 |
0,31 |
0,44 |
|
|
Solvency: |
2,52 |
3,26 |
2,55 |
5,13 |
|
|
Indebtedness |
2012 |
2011 |
2010 |
2009 |
|
|
Indebtedness level: |
0,26 |
0,16 |
0,25 |
0,12 |
|
|
Borrowing Composition: |
0,00 |
0,00 |
0,00 |
0,01 |
|
|
Repayment Ability: |
3,00 |
-21,05 |
-6,74 |
0,92 |
|
|
Warranty: |
4,85 |
7,27 |
5,05 |
9,34 |
|
|
Generated resources / Total creditors: |
0,64 |
0,66 |
0,68 |
1,01 |
|
|
Efficiency |
2012 |
2011 |
2010 |
2009 |
|
|
Productivity: |
1,44 |
1,34 |
1,55 |
1,37 |
|
|
Turnover of Collection Rights : |
111,63 |
33,27 |
27,90 |
28,85 |
|
|
Turnover of Payment Entitlements: |
5,44 |
8,99 |
5,85 |
7,41 |
|
|
Stock rotation: |
4,13 |
4,53 |
4,15 |
4,43 |
|
|
Assets turnover: |
1,58 |
1,61 |
1,49 |
1,49 |
|
|
Borrowing Cost: |
3,11 |
5,10 |
1,96 |
3,15 |
|
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.
Detail of Subsidies appearing in Balances Memories
|
Entity |
ORGANISMO NO ESPECIFICADO |
|
Subsidy Concept |
Subvención de capital. |
|
Status |
CONCEDIDA |
|
Amount Granted |
1.776,41 |
|
Notes |
Este importe corresponde al imputado a resultados quedando un saldo
final de 2.247,53 euros. |
|
Entity |
ORGANISMO NO ESPECIFICADO |
|
Status |
CONCEDIDA |
|
Amount Granted |
15.605,71 |
|
Entity |
EXCMO CABILDO INSULAR DE TENERIFE |
|
Status |
CONCEDIDA |
|
Amount Granted |
1.776,41 |
|
Notes |
Este importe corresponde a la transferencia a la cuenta de pérdidas y
ganancias. |
Research Summary
It is a company incorporated in the year 2009, dedicated to the design,
preparation and sale of clothes and accessories. Its turnover increased a 9.09%
in 2012, compared to the previous year. It meets normal payment commitments.
Sources
Registry of Commerce's Official Gazette. Own and external data bases
Company References
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.