MIRA INFORM REPORT
|
Report Date : |
26.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
SARRALLE EQUIPOS SIDERURGICOS SL |
|
|
|
|
Registered Office : |
Bş Landeta.- C/ Orendaundi Nş 7 Apdo. 1, Azpeitia, Guipuzcoa |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2003 |
|
|
|
|
Date of Incorporation : |
28.02.2002 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Subject is engaged in design and execution of projects of complete steel
mills, including turnkey services, and advice in the process and engineering
solutions in the sector of mills. |
|
|
|
|
No. of Employees : |
55 |
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
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 11.1% of GDP in 2009. Spain gradually
reduced the deficit to 6.8% of GDP in 2013, slightly above the 6.5% target
negotiated between Spain and the EU. Public debt has increased substantially -
from 70.4% in 2010 to 93.7% 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: |
SARRALLE EQUIPOS SIDERURGICOS SL |
|
NIF / Fiscal code: |
B20768149 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
28/02/2002 |
|
Register Data |
Register Section 8 Sheet 20365 |
|
Last Publication
in BORME: |
18/01/2012 [Appointments] |
|
Last Published Account Deposit: |
2003 |
|
Share Capital: |
377.530 |
|
|
|
|
Localization: |
Bş LANDETA.- C/ ORENDAUNDI Nş 7 APDO. 1 - AZPEITIA - 20730 - GUIPUZCOA |
|
Telephone - Fax - Email - Website: |
Ph.:. 943157088 Email. equipos@sarralle.com
Website. www.sarralle.com |
|
|
|
|
Activity: |
|
|
NACE: |
2829 - Manufacture of other general-purpose machinery n.e.c. |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
Si / |
|
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: |
|
|
|
SARRALLE SL |
100 % |
|
|
Shares: |
2 |
|
|
Other Links: |
6 |
|
|
No. of Active Corporate Bodies: |
SINGLE ADMINISTRATOR 1 |
|
|
Ratios |
2007 |
2006 |
Change |
|
|
|
|
|
Guarantees: |
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources YES, Guarantees NO |
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|
|
|
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INVESTIGATION
SUMMARY |
|
|
The subject is engaged in design, development and execution of steel
mills projects, well run and it has a good concept in general among the
business relationship. The subject meets normally its payment commitments. |
|
Identification
|
Social Denomination: |
SARRALLE EQUIPOS SIDERURGICOS SL |
|
NIF / Fiscal
code: |
B20768149 |
|
Corporate
Status: |
ACTIVE |
|
Start of
activity: |
2002 |
|
Registered
Office: |
Bş LANDETA.- C/ ORENDAUNDI Nş 7 APDO. 1 |
|
Locality: |
AZPEITIA |
|
Province: |
GUIPUZCOA |
|
Postal Code: |
20730 |
|
Telephone: |
943157088 |
|
Fax: |
943157289 |
|
Website: |
www.sarralle.com |
|
Email: |
equipos@sarralle.com |
Activity
|
NACE: |
2829 |
|
Additional
Information: |
The subject is engaged in design and execution of projects of complete
steel mills, including turnkey services, and advice in the process and
engineering solutions in the sector of mills. It belongs to the group
Sarralle, with more than 40 years of experience. |
|
Additional
Address: |
Registered office, factory, workshops, offices, warehouse, shed, owned
by the company, are located in Bş LANDETA.- C/ ORENDAUNDI Nş 7 APDO. 1 20730
AZPEITIA ( GUIPÚZCOA ). |
|
Import / export: |
EXPORTS |
|
Future
Perspective: |
Consolidation |
|
Industry
situation: |
Maturity |
Number
of Employees
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
|
2014 |
55 |
|
|
|
Chronological
Summary
|
|
|
|
|
|
|
Year |
Act |
|
|
|
2002 |
Appointments/ Re-elections (1) Company Formation (1) Other Concepts/
Events (1) |
|
|
|
2003 |
Accounts deposit (ejer. 2002) Increase of Capital (1) |
|
|
|
2004 |
Appointments/ Re-elections (1) |
|
|
|
2005 |
Accounts deposit (ejer. 2003) Appointments/ Re-elections (1) |
|
|
|
2006 |
Appointments/ Re-elections (1) |
|
|
|
2007 |
Appointments/ Re-elections (2) |
|
|
|
2012 |
Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1) |
|
Breakdown
of Owners' Equity
|
Registered
Capital: |
377.530 |
|
Paid up capital: |
377.530 |
Updated
Evolution of the Subscribed and Paid-in Capital
|
|
|||||
|
|
|
|
|
|
|
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
21/03/2002 |
Company Formation |
175.800 |
175.800 |
175.800 |
175.800 |
|
13/01/2003 |
Increase of Capital |
201.730 |
201.730 |
377.530 |
377.530 |
Active
Social Bodies
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
|
SINGLE PARTNER |
SARRALLE SA |
21/03/2002 |
1 |
|
SINGLE ADMINISTRATOR |
SARRALLE SL |
09/01/2012 |
1 |
|
PROXY |
JUARISTI CORTA IŃIGO |
11/05/2007 |
1 |
|
|
ALZUARAN ELORRIAGA ZORION |
11/05/2007 |
1 |
|
|
GONZALEZ GIL FELICIANO ELIAS |
18/03/2004 |
1 |
|
ACCOUNTS' AUDITOR / HOLDER |
KPMG AUDITORES SL |
11/10/2006 |
1 |
Historical
Social Bodies
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
COMAS AUDITORES CONSULTORES SL |
ACCOUNTS' AUDITOR / HOLDER |
11/10/2006 |
1 |
|
LARRAŃAGA GARMENDIA JOSE LUIS |
SINGLE ADMINISTRATOR |
09/01/2012 |
1 |
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 |
|
--- |
|
|
|
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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. Related companies without judicial claims . Neither judicial,
administrative claims nor serious actions against companies related to the
entity have been published in BORME, which indicates a tendency to meet their
obligations. It is linked to companies of different sizesmicro-enterprises and
SMEs, a fact that may positive affect to operations support and the use of
synergies between companies. There are related companies of the same age as SARRALLE EQUIPOS
SIDERURGICOS SL. |
No Company's subsidiaries or branches are known. It submitted its annual accounts in a timely fashion since the
beginning of its activities; however, submission has been discontinued since
fiscal year 2003. Possible difficulty accessing financing. Uncertainties about economic
recovery will hinder access to credit for new projects or for obtaining the
liquidity necessary for short-term needs. The path traveled by the entity has highlighted the lack of stability
in corporate bodies . |
Probability of default
> Probabilidad Estimada de Impago para los próximos 12 meses:
3.231 %
|
Sector in which comparison is carried out : 282 Manufacture of other general-purpose machinery |
|
|
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 3.23%.
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 |
|
|
|
|
|
|
|
|
||
|
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|
No se han publicado |
|
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No se han publicado |
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||
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No se han publicado |
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No se han publicado |
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No se han publicado |
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|
No se han publicado |
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||
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No se han publicado |
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No se han publicado |
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||
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No se han publicado |
|
Link
List
|
HAS IN ITS ADMINISTRATION BOARD TO: |
1 Entities |
|
IS RELATED WITH: |
5 Entities |
|
PARTICIPATES IN: |
2 Entities |
|
SHAREHOLDERS: |
1 Entities |
> Shareholders
|
Relationship |
Entity |
Province |
Shareholding stake |
|
SHAREHOLDERS |
SARRALLE SL |
GUIPUZCOA |
100 |
|
PARTICIPATES IN |
SARRALLE EQUIPMENT INDIA PVT LTDA |
|
65 |
|
|
SARRALLE MONTAJES SL |
GUIPUZCOA |
0.33 |
> Other relationships
|
Relationship |
Entity |
Province |
Shareholding stake |
|
IS RELATED WITH |
SARRALLE MUEBLES METALICOS SL |
GUIPUZCOA |
|
|
|
EQUINOR SOCIEDAD ANONIMA |
GUIPUZCOA |
|
|
|
LABORATORIOS LITAPHAR SA |
GUIPUZCOA |
|
|
|
SARRALLE INMUEBLES SL |
GUIPUZCOA |
|
|
|
SARRALLE COMERCIAL SL |
GUIPUZCOA |
|
|
HAS IN ITS ADMINISTRATION BOARD TO |
SARRALLE SL |
GUIPUZCOA |
|
Turnover
|
Total Sales 2013 |
12.000.000 |
Estimated
Balance
ECONOMICAL DATA YEAR 2013 ( THOUSAND OF EUROS ) TOTAL
ASSET........................................12.000 NON CURRENT
ASSET.............................2.500 CURRENT ASSET......................................9.500
LIABILITY EQUITY CAPITAL ......................................3.000 NON
CURRENT LIABILITY.............................1.000 CURRENT LIABILITY
...................................8.000
Financial
Accounts and Balance Sheets
Financial Years
Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2003 |
Normales |
October 2005 |
|
2002 |
Normales |
October 2003 |
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 31/12/2003
> Balance formato Normal de acuerdo al Plan General Contable
1990
|
ASSETS |
2003 |
2002 |
|
|
A) SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED CAPITAL: 110000 |
0,00 |
0,00 |
|
|
B) FIXED ASSETS: 120000 |
1.429.602,00 |
1.478.117,00 |
|
|
I. Formation expenses: 121000 |
0,00 |
0,00 |
|
|
II. Intangible fixed assets: 122000 |
76.794,00 |
15.562,00 |
|
|
1. Research and development
costs: 122010 |
0,00 |
0,00 |
|
|
2. Concessions, patents,
licences, trademarks et al.: 122020 |
0,00 |
0,00 |
|
|
3. Goodwill: 122030 |
0,00 |
0,00 |
|
|
4. Key money paid for
premises: 122040 |
0,00 |
0,00 |
|
|
5. Software: 122050 |
84.894,00 |
16.859,00 |
|
|
6. Assets under capital
leases: 122060 |
0,00 |
0,00 |
|
|
7. Payments on account:
122070 |
0,00 |
0,00 |
|
|
8. Provisions: 122080 |
0,00 |
0,00 |
|
|
9. Accumulated depreciation:
122090 |
-8.100,00 |
-1.298,00 |
|
|
III. Tangible fixed assets: 123000 |
1.352.808,00 |
1.462.556,00 |
|
|
1. Land and construction:
123010 |
1.655.482,00 |
1.626.379,00 |
|
|
2. Technical installations
and machinery: 123020 |
1.214.565,00 |
1.155.572,00 |
|
|
3. Other installations,
tools and furniture: 123030 |
347.377,00 |
347.377,00 |
|
|
4. Payments on account and
tangible fixed assets under construction: 123040 |
0,00 |
0,00 |
|
|
5. Other tangible assets:
123050 |
334.665,00 |
334.659,00 |
|
|
6. Provisions: 123060 |
0,00 |
0,00 |
|
|
7. Accumulated depreciation:
123070 |
-1.868.054,00 |
-1.699.308,00 |
|
|
IV. Financial investments: 124000 |
0,00 |
0,00 |
|
|
1. Equity investments in
group companies: 124010 |
0,00 |
0,00 |
|
|
2. Receivables from group
companies: 124020 |
0,00 |
0,00 |
|
|
3. Equity investment in
associated companies: 124030 |
0,00 |
0,00 |
|
|
4. Credits to associated
companies: 124040 |
0,00 |
0,00 |
|
|
5. Long-term securities
portfolio: 124050 |
0,00 |
0,00 |
|
|
6. Other receivables:
124060 |
0,00 |
0,00 |
|
|
7. Long term guarantees and deposits:
124070 |
0,00 |
0,00 |
|
|
8. Provisions: 124080 |
0,00 |
0,00 |
|
|
9. Long-term receivables
from public bodies: 124100 |
0,00 |
0,00 |
|
|
V. Own shares: 125000 |
0,00 |
0,00 |
|
|
VI. Long-term trade receivables: 126000 |
0,00 |
0,00 |
|
|
C) Deferred expenses: 130000 |
0,00 |
0,00 |
|
|
D) CURRENT ASSETS: 140000 |
8.709.396,00 |
5.001.111,00 |
|
|
I. Called-up share capital (not paid):
141000 |
0,00 |
0,00 |
|
|
II. Stocks: 142000 |
4.573.450,00 |
935.994,00 |
|
|
1. Goods for resale:
142010 |
0,00 |
0,00 |
|
|
2. Raw materials and other
consumables: 142020 |
1.213.107,00 |
861.030,00 |
|
|
3. Goods in process and
semifinished ones: 142030 |
3.058.474,00 |
0,00 |
|
|
4. Finished products:
142040 |
294.939,00 |
0,00 |
|
|
5. Byproducts, scrap and
recovered materials: 142050 |
0,00 |
0,00 |
|
|
6. Payments on account:
142060 |
6.930,00 |
74.964,00 |
|
|
7. Provisions: 142070 |
0,00 |
0,00 |
|
|
III. Debtors: 143000 |
4.039.630,00 |
3.915.241,00 |
|
|
1. Trade debtors / accounts
receivable: 143010 |
2.719.068,00 |
3.039.365,00 |
|
|
2. Accounts receivable,
Group companies: 143020 |
1.258.229,00 |
0,00 |
|
|
3. Accounts receivable,
associated companies: 143030 |
0,00 |
860.556,00 |
|
|
4. Other debtors: 143040 |
0,00 |
0,00 |
|
|
5. Staff: 143050 |
5.280,00 |
2.895,00 |
|
|
6. Public bodies:
143060 |
137.404,00 |
92.775,00 |
|
|
7. Provisions: 143070 |
-80.350,00 |
-80.350,00 |
|
|
IV. Short-term investments: 144000 |
1.889,00 |
1.889,00 |
|
|
1. Equity investments in
group companies: 144010 |
0,00 |
0,00 |
|
|
2. Receivables from group
companies: 144020 |
0,00 |
0,00 |
|
|
3. Equity investment in
associated companies: 144030 |
0,00 |
0,00 |
|
|
4. Credits to associated
companies: 144040 |
0,00 |
0,00 |
|
|
5. Short term securities
portfolio: 144050 |
0,00 |
0,00 |
|
|
6. Other receivables:
144060 |
0,00 |
0,00 |
|
|
7. Shor term guarantees and
deposits: 144070 |
1.889,00 |
1.889,00 |
|
|
8. Provisions: 144080 |
0,00 |
0,00 |
|
|
V. Short-term treasury shares: 145000 |
0,00 |
0,00 |
|
|
VI. Cash at bank and in hand: 146000 |
87.765,00 |
141.324,00 |
|
|
VII. Prepayments and accrued income: 147000 |
6.662,00 |
6.662,00 |
|
|
GENERAL TOTAL (A + B + C + D): 100000 |
10.138.998,00 |
6.479.228,00 |
|
|
LIABILITIES |
2003 |
2002 |
|
|
A) EQUITY: 210000 |
2.171.754,00 |
1.257.861,00 |
|
|
I. Subscribed capital: 211000 |
377.530,00 |
377.530,00 |
|
|
II. Share premium: 212000 |
536.066,00 |
536.066,00 |
|
|
III. Revaluation reserves: 213000 |
0,00 |
0,00 |
|
|
IV. Reserves: 214000 |
344.265,00 |
35.160,00 |
|
|
1. Legal reserve:
214010 |
66.070,00 |
35.160,00 |
|
|
2. Reserves for own shares:
214020 |
0,00 |
0,00 |
|
|
3. Reserves for shares of
the controlling company: 214030 |
0,00 |
0,00 |
|
|
4. Statutory reserves:
214040 |
0,00 |
0,00 |
|
|
5. Miscellaneous reserves:
214050 |
278.194,00 |
0,00 |
|
|
Differences due to capital
adjustement to euros: 214060 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward: 215000 |
0,00 |
0,00 |
|
|
1. Retained earnings:
215010 |
0,00 |
0,00 |
|
|
2. Prior year losses: 215020 |
0,00 |
0,00 |
|
|
3. Partners'
contributions so as to compensate losses: 215030 |
0,00 |
0,00 |
|
|
VI. Profit or loss for the financial year:
216000 |
913.893,00 |
309.105,00 |
|
|
VII. Interim dividend paid: 217000 |
0,00 |
0,00 |
|
|
VIII. Own shares for capital reduction:
218000 |
0,00 |
0,00 |
|
|
B) Deferred income: 220000 |
0,00 |
0,00 |
|
|
1. Capital grants:
220010 |
0,00 |
0,00 |
|
|
2. Unrealised exchange
gains: 220020 |
0,00 |
0,00 |
|
|
3. Other deferred income:
220030 |
0,00 |
0,00 |
|
|
4. Public revenues to
distribute in several financial years: 220050 |
0,00 |
0,00 |
|
|
C) PROVISIONS FOR LIABILITIES AND CHARGES: 230000 |
0,00 |
0,00 |
|
|
1. Provisions for pension
fund and other similar obligations: 230010 |
0,00 |
0,00 |
|
|
2. Provisions for taxes:
230020 |
0,00 |
0,00 |
|
|
3. Other provisions:
230030 |
0,00 |
0,00 |
|
|
4. Reversion fund:
230040 |
0,00 |
0,00 |
|
|
D) LONG TERM LIABILITIES: 240000 |
725.351,00 |
1.524.522,00 |
|
|
I. Issued debentures and other marketable
securities: 241000 |
0,00 |
0,00 |
|
|
1. Non-convertible
debentures: 241010 |
0,00 |
0,00 |
|
|
2. Convertible debentures:
241020 |
0,00 |
0,00 |
|
|
3. Other debt securities:
241030 |
0,00 |
0,00 |
|
|
II. Amounts owed to credit institutions:
242000 |
0,00 |
799.171,00 |
|
|
1. Loans and other
liabilities: 242010 |
0,00 |
799.171,00 |
|
|
2. Long-term liabilities
from capital leases: 242020 |
0,00 |
0,00 |
|
|
III. Debts with companies of the group and
affiliated ones: 243000 |
725.351,00 |
725.351,00 |
|
|
1. Amounts owed to group
companies: 243010 |
725.351,00 |
725.351,00 |
|
|
2. Amounts owed to
associated companies: 243020 |
0,00 |
0,00 |
|
|
IV. Other creditors: 244000 |
0,00 |
0,00 |
|
|
1. Long-term bills of
exchange payable: 244010 |
0,00 |
0,00 |
|
|
2. Other creditors:
244020 |
0,00 |
0,00 |
|
|
3. Long term guarantees and
deposits received: 244030 |
0,00 |
0,00 |
|
|
4. Long term payables to
public bodies: 244050 |
0,00 |
0,00 |
|
|
V. Unpaid portion of equity investment:
245000 |
0,00 |
0,00 |
|
|
1. Group companies:
245010 |
0,00 |
0,00 |
|
|
2. Associated companies:
245020 |
0,00 |
0,00 |
|
|
3. Third parties:
245030 |
0,00 |
0,00 |
|
|
VI. Long term trade creditors: 246000 |
0,00 |
0,00 |
|
|
E) SHORT TERM CREDITORS: 250000 |
7.241.893,00 |
3.696.845,00 |
|
|
I. Issued debentures and other marketable
securities: 251000 |
0,00 |
0,00 |
|
|
1. Non-convertible
debentures: 251010 |
0,00 |
0,00 |
|
|
2. Convertible debentures:
251020 |
0,00 |
0,00 |
|
|
3. Other debt securities:
251030 |
0,00 |
0,00 |
|
|
4. Accrued interest on
debentures and other debt securities: 251040 |
0,00 |
0,00 |
|
|
II. Amounts owed to credit institutions:
252000 |
951.641,00 |
1.031.738,00 |
|
|
1. Loans and other
liabilities: 252010 |
951.641,00 |
1.031.738,00 |
|
|
2. Accrued interest on
liabilities with credit institutions: 252020 |
0,00 |
0,00 |
|
|
3. Short-term liabilities
from capital leases: 252030 |
0,00 |
0,00 |
|
|
III. Short-term amounts owed to group and
associated companies: 253000 |
642.714,00 |
497.243,00 |
|
|
1. Amounts owed to group
companies: 253010 |
642.714,00 |
497.243,00 |
|
|
2. Amounts owed to
associated companies: 253020 |
0,00 |
0,00 |
|
|
IV. Trade creditors: 254000 |
5.270.224,00 |
1.957.100,00 |
|
|
1. Advanced payments from
customers: 254010 |
1.751.535,00 |
240.000,00 |
|
|
2. Amounts owed for
purchases of goods or services: 254020 |
3.518.689,00 |
1.717.100,00 |
|
|
3. Debts represented by
notes payable: 254030 |
0,00 |
0,00 |
|
|
V. Other creditors: 255000 |
377.314,00 |
210.764,00 |
|
|
1. Public bodies:
255010 |
344.845,00 |
179.548,00 |
|
|
2. Bills of exchange
payable: 255020 |
0,00 |
0,00 |
|
|
3. Miscellaneous debts:
255030 |
0,00 |
0,00 |
|
|
4. Wages and salaries
payable: 255040 |
32.469,00 |
31.216,00 |
|
|
5. Guarantees and deposits
received at short term: 255050 |
0,00 |
0,00 |
|
|
VI. Provisions: 256000 |
0,00 |
0,00 |
|
|
VII. Prepayments and accrued income: 257000 |
0,00 |
0,00 |
|
|
F) SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES: 260000 |
0,00 |
0,00 |
|
|
GENERAL TOTAL (A + B + C + D + E + F): 200000 |
10.138.998,00 |
6.479.228,00 |
|
|
DEBIT |
2003 |
2002 |
|
|
A) CHARGES (A.1 to A.15): 300000 |
12.179.695,00 |
9.347.704,00 |
|
|
A.1. Stock reduction of both
manufactured goods and the ones in process: 301000 |
0,00 |
48.765,00 |
|
|
A.2. Supplies: 302000 |
6.256.352,00 |
3.475.170,00 |
|
|
a)
Stock consumption: 302010 |
333.914,00 |
43.299,00 |
|
|
b) Consumption
of raw materials and miscellaneous consumable ones: 302020 |
3.622.942,00 |
2.308.723,00 |
|
|
c)
Miscellaneous external expenditure: 302030 |
2.299.496,00 |
1.123.149,00 |
|
|
A.3. Staff costs:
303000 |
2.083.125,00 |
2.046.518,00 |
|
|
a)
Wages, salaries et al.: 303010 |
1.608.309,00 |
1.567.805,00 |
|
|
b)
Social security costs: 303020 |
474.815,00 |
478.713,00 |
|
|
A.4. Depreciation expense: 304000 |
175.549,00 |
123.493,00 |
|
|
A.5. Variation of trade
provisions and losses of unrecovered receivables: 305000 |
0,00 |
0,00 |
|
|
a)
Stock provision variation: 305010 |
0,00 |
0,00 |
|
|
b)
Variation in provision and bad debt losses: 305020 |
0,00 |
0,00 |
|
|
c)
Variation of other trade provisions: 305030 |
0,00 |
0,00 |
|
|
A.6. Other operating
charges: 306000 |
2.604.887,00 |
2.713.535,00 |
|
|
a)
External services: 306010 |
2.596.585,00 |
2.681.342,00 |
|
|
b)
Taxes: 306020 |
8.302,00 |
32.193,00 |
|
|
c)
Other operating expenses: 306030 |
0,00 |
0,00 |
|
|
d) Allocation
to revision fund: 306040 |
0,00 |
0,00 |
|
|
A.I. OPERATING BENEFITS
(B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6): 301900 |
1.965.180,00 |
1.090.353,00 |
|
|
A.7. Financial and similar
charges: 307000 |
853.137,00 |
818.384,00 |
|
|
a) Due
to liabilities with companies of the group: 307010 |
642.714,00 |
0,00 |
|
|
b) Due
to liabilities with associated companies: 307020 |
0,00 |
0,00 |
|
|
c) Due to
other debts.: 307030 |
210.423,00 |
818.384,00 |
|
|
d)
Losses from financial investments: 307040 |
0,00 |
0,00 |
|
|
A.8. Changes in financial
investment provisions: 308000 |
0,00 |
0,00 |
|
|
A.9. Exchange losses:
309000 |
0,00 |
0,00 |
|
|
A.II. NET FINANCIAL INCOME
(B.5+B.6+B.7+B.8-A.7-A.8-A.9): 302900 |
0,00 |
0,00 |
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES
(A.I+A.II-B.I-B.II): 303900 |
1.112.044,00 |
272.001,00 |
|
|
A.10. Changes in provisions
for intangible, tangible and securities portfolio: 310000 |
0,00 |
0,00 |
|
|
A.11. Losses from tangible
and intangible fixed assets and securities portfolio: 311000 |
0,00 |
0,00 |
|
|
A.12. Losses from
transactions with own shares and debentures: 312000 |
0,00 |
0,00 |
|
|
A.13. Extraordinary
expenses: 313000 |
215,00 |
10.563,00 |
|
|
A.14. Expenses and losses of
former financial years: 314000 |
0,00 |
71.684,00 |
|
|
A.IV. EXTRAORDINARY PROFIT
(B.9+B.10+B.11+B.12+B.13-A.10-A.11-A.12-A.13-A.14): 304900 |
8.280,00 |
76.696,00 |
|
|
A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV):
305900 |
1.120.325,00 |
348.696,00 |
|
|
A.15. Corporation tax:
315000 |
200.664,00 |
39.592,00 |
|
|
A.16. Miscellaneous taxes:
316000 |
5.767,00 |
0,00 |
|
|
A.VI. FINANCIAL YEAR RESULTS (PROFIT)
(A.V-A.15-A.16): 306900 |
913.893,00 |
309.105,00 |
|
|
CREDIT |
2003 |
2002 |
|
|
B) INCOME ( B.1 to B.13): 400000 |
13.093.588,00 |
9.656.809,00 |
|
|
B.1. Net total sales:
401000 |
9.731.679,00 |
9.490.981,00 |
|
|
a)
Sales: 401010 |
9.731.679,00 |
9.490.981,00 |
|
|
b)
Rendering of services: 401020 |
0,00 |
0,00 |
|
|
Returns
and Rappel on sales: 401030 |
0,00 |
0,00 |
|
|
B.2. Stock increase of
manufactured goods and products in process: 402000 |
3.353.413,00 |
0,00 |
|
|
B.3. Works performed by the
company for fixed assets: 403000 |
0,00 |
0,00 |
|
|
B.4. Miscellaneous operating
income: 404000 |
0,00 |
6.853,00 |
|
|
a) Auxiliary
income and other from current management: 404010 |
0,00 |
0,00 |
|
|
b)
Grants: 404020 |
0,00 |
6.853,00 |
|
|
c)
Liabilities and charges provisions surplus: 404030 |
0,00 |
0,00 |
|
|
B.I. PÉRDIDAS DE EXPLOTACIÓN
(A.1+A.2+A.3+A.4+A.5-A.6-B.1-B.2-B.3-B.4): 401900 |
0,00 |
0,00 |
|
|
B.5. Income from equity
investment: 405000 |
0,00 |
0,00 |
|
|
a) In
companies of the group: 405010 |
0,00 |
0,00 |
|
|
b) In
associated companies: 405020 |
0,00 |
0,00 |
|
|
c)
Third parties: 405030 |
0,00 |
0,00 |
|
|
B.6. Income from other
marketable securities and long-term receivables: 406000 |
0,00 |
0,00 |
|
|
a) From
companies of the group: 406010 |
0,00 |
0,00 |
|
|
b) From
associated companies: 406020 |
0,00 |
0,00 |
|
|
c) From
companies out of the group: 406030 |
0,00 |
0,00 |
|
|
B.7. Miscellaneous interests
or similar income: 407000 |
2,00 |
32,00 |
|
|
a) From
companies of the group: 407010 |
0,00 |
0,00 |
|
|
b) From
associated companies: 407020 |
0,00 |
0,00 |
|
|
c)
Miscellaneous interests: 407030 |
2,00 |
32,00 |
|
|
d)
Profit on financial investment: 407040 |
0,00 |
0,00 |
|
|
B.8. Exchange positive
differences: 408000 |
0,00 |
0,00 |
|
|
B.II. NEGATIVE FINANCIAL RESULTS
(A.7+A.8+A.9-B.5-B.6-B.7-B.8): 402900 |
853.136,00 |
818.352,00 |
|
|
B.III. LOSSES ON ORDINARY ACTIVITIES ( B.I + B.II
- A.I - A.II ): 403900 |
0,00 |
0,00 |
|
|
B.9.Profit on disposal of both
tangible and intangible fixed assets and securities portfolio: 409000 |
0,00 |
0,00 |
|
|
B.10. Profit on transactions
with own shares and debentures: 410000 |
0,00 |
0,00 |
|
|
B.11. Capital grants transferred
to profit and loss: 411000 |
0,00 |
0,00 |
|
|
B.12. Extraordinary income:
412000 |
8.495,00 |
166,00 |
|
|
B.13. Income and profit of
former financial years: 413000 |
0,00 |
158.777,00 |
|
|
B.IV. NEGATIVE EXTRAORDINARY RESULTS
(A.10+A.11+A.12+A.13+A.14-B.9-B.10-B.11-B.12-B.13): 404900 |
0,00 |
0,00 |
|
|
B.V. LOSSES BEFORE TAXES (B.III+B.IV-A.III-A.IV):
405900 |
0,00 |
0,00 |
|
|
B.VI. RESULT OF THE PERIOD (LOSSES) (B.V+A.15+A.16):
406900 |
0,00 |
0,00 |
|
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.
|
|
2003 |
2002 |
|
|
1. Fiscal year result before taxes.: 61100 |
1.120.325,00 |
348.696,00 |
|
|
2. Results adjustments.: 61200 |
1.028.685,00 |
1.022.195,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
175.549,00 |
123.493,00 |
|
|
c) Variation in Provision (+/-). : 61203 |
0,00 |
80.350,00 |
|
|
g) Financial income (-).: 61207 |
-2,00 |
-32,00 |
|
|
h) Financial Expenses (+). : 61208 |
853.137,00 |
818.384,00 |
|
|
3. Changes in current capital equity.: 61300 |
-488.602,00 |
-2.811.864,00 |
|
|
a) Stock (+/-).: 61301 |
-3.637.456,00 |
-935.994,00 |
|
|
d) Debtors and other accounts receivable (+/-). :
61302 |
-124.389,00 |
-3.995.591,00 |
|
|
c) Other current assets (+/-). : 61303 |
0,00 |
-8.551,00 |
|
|
d) Creditors and other accounts payable (+/-). :
61304 |
3.273.243,00 |
2.128.272,00 |
|
|
4. Other cash flows for operating activities.: 61400 |
-853.136,00 |
-818.352,00 |
|
|
a) Interest payments (-). : 61401 |
-853.137,00 |
-818.384,00 |
|
|
c) Interest collection (+). : 61403 |
2,00 |
32,00 |
|
|
5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
807.272,00 |
-2.259.325,00 |
|
|
6. Payments for investment (-).: 62100 |
-61.232,00 |
-1.478.117,00 |
|
|
b) Intangible fixed assets. : 62102 |
-61.232,00 |
-15.562,00 |
|
|
c) Fixed assets. : 62103 |
0,00 |
-1.462.556,00 |
|
|
7. Divestment payment collection (+). : 62200 |
109.748,00 |
0,00 |
|
|
c) Fixed assets. : 62203 |
109.748,00 |
0,00 |
|
|
8. Investment activity cash flows (6 + 7) minus Amortization:
62300 |
-127.034,00 |
-1.601.611,00 |
|
|
9. Payment collection and payments for equity instruments. :
63100 |
0,00 |
948.756,00 |
|
|
a) Issuance of equity instruments (+). :
63101 |
0,00 |
948.756,00 |
|
|
10. Payment collection and payments for financial liabilities instruments.:
63200 |
-733.798,00 |
3.053.504,00 |
|
|
a) Issuance : 63201 |
145.471,00 |
3.053.504,00 |
|
|
2. Debts incurred with credit institutions (+). :
63203 |
0,00 |
1.830.909,00 |
|
|
3. Debts incurred with companies of the group and
affiliates (+).: 63204 |
145.471,00 |
1.222.594,00 |
|
|
b) Repayment and amortization of : 63207 |
-879.268,00 |
0,00 |
|
|
2. Debts incurred with credit institutions (-).:
63209 |
-879.268,00 |
0,00 |
|
|
11. Payments from dividends and remunerations from other assets
instruments. : 63300 |
0,00 |
0,00 |
|
|
12. Cash flows for financing activities (9+10+11).: 63400 |
-733.798,00 |
4.002.259,00 |
|
|
D) EFECTO DE LAS VARIACIONES DE LOS TIPOS DE CAMBIO: 64000 |
0,00 |
0,00 |
|
|
E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS
(+/-5+/-8+/12+/-D) : 65000 |
-53.559,00 |
141.324,00 |
|
|
Cash or equivalent assets as of beginning of the fiscal
year.: 65100 |
141.324,00 |
0,00 |
|
|
Cash or equivalent assets as of end of the fiscal
year.: 65200 |
87.765,00 |
141.324,00 |
|
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 |
2003 |
2002 |
Variación 2003 - 2002 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Cash Flow over Sales: |
-0,55 % |
0,91 % |
|
8,52 % |
|
-89,27 % |
|
|
EBITDA over Sales: |
22,00 % |
9,51 % |
12,79 % |
8,95 % |
72,00 % |
6,27 % |
|
|
Cash Flow Yield: |
-0,53 % |
0,69 % |
|
6,48 % |
|
-89,41 % |
|
|
Profitability |
2003 |
2002 |
Variación 2003 - 2002 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
19,39 % |
6,56 % |
16,83 % |
5,22 % |
15,16 % |
25,60 % |
|
|
Total economic profitability: |
19,46 % |
5,60 % |
18,01 % |
2,95 % |
8,06 % |
89,70 % |
|
|
Financial profitability: |
42,08 % |
8,53 % |
24,57 % |
2,44 % |
71,24 % |
250,38 % |
|
|
Margin: |
15,02 % |
5,10 % |
11,48 % |
4,01 % |
30,82 % |
27,11 % |
|
|
Mark-up: |
8,50 % |
5,65 % |
2,86 % |
4,58 % |
196,76 % |
23,44 % |
|
|
Solvency |
2003 |
2002 |
Variación 2003 - 2002 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,01 |
0,07 |
0,04 |
0,07 |
-68,30 |
5,65 |
|
|
Acid Test: |
0,57 |
0,86 |
1,10 |
0,86 |
-48,06 |
0,40 |
|
|
Working Capital / Investment: |
0,14 |
0,06 |
0,20 |
0,05 |
-28,10 |
18,45 |
|
|
Solvency: |
1,20 |
1,18 |
1,35 |
1,14 |
-11,10 |
3,02 |
|
|
Indebtedness |
2003 |
2002 |
Variación 2003 - 2002 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
3,67 |
1,50 |
4,15 |
1,61 |
-11,62 |
-6,85 |
|
|
Borrowing Composition: |
0,10 |
0,68 |
0,41 |
0,65 |
-75,71 |
4,64 |
|
|
Repayment Ability: |
-21,86 |
79,03 |
|
|
|
|
|
|
Warranty: |
1,27 |
1,65 |
1,24 |
1,60 |
2,55 |
3,07 |
|
|
Generated resources / Total creditors: |
0,09 |
0,10 |
0,04 |
0,08 |
160,70 |
30,47 |
|
|
Efficiency |
2003 |
2002 |
Variación 2003 - 2002 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
2,03 |
1,73 |
1,59 |
1,68 |
27,28 |
3,15 |
|
|
Turnover of Collection Rights : |
3,24 |
3,89 |
2,43 |
3,61 |
33,53 |
7,96 |
|
|
Turnover of Payment Entitlements: |
1,68 |
4,62 |
3,19 |
4,56 |
-47,24 |
1,37 |
|
|
Stock rotation: |
2,43 |
6,73 |
8,98 |
7,36 |
-72,93 |
-8,61 |
|
|
Assets turnover: |
1,29 |
1,29 |
1,47 |
1,30 |
-11,97 |
-1,19 |
|
|
Borrowing Cost: |
10,71 |
2,98 |
15,67 |
3,18 |
-31,68 |
-6,50 |
|
> Trend of indicators under the General Accounting Plan of 2007
(2003, 2002)
|
Cash Flow |
2003 |
2002 |
|
|
Cash Flow over Sales: |
-0,55 % |
|
|
|
EBITDA over Sales: |
22,00 % |
12,79 % |
|
|
Cash Flow Yield: |
-0,53 % |
|
|
|
Profitability |
2003 |
2002 |
|
|
Operating economic profitability: |
19,39 % |
16,83 % |
|
|
Total economic profitability: |
19,46 % |
18,01 % |
|
|
Financial profitability: |
42,08 % |
24,57 % |
|
|
Margin: |
15,02 % |
11,48 % |
|
|
Mark-up: |
8,50 % |
2,86 % |
|
|
Solvency |
2003 |
2002 |
|
|
Liquidity: |
0,01 |
0,04 |
|
|
Acid Test: |
0,57 |
1,10 |
|
|
Working Capital / Investment: |
0,14 |
0,20 |
|
|
Solvency: |
1,20 |
1,35 |
|
|
Indebtedness |
2003 |
2002 |
|
|
Indebtedness level: |
3,67 |
4,15 |
|
|
Borrowing Composition: |
0,10 |
0,41 |
|
|
Repayment Ability: |
-21,86 |
|
|
|
Warranty: |
1,27 |
1,24 |
|
|
Generated resources / Total creditors: |
0,09 |
0,04 |
|
|
Efficiency |
2003 |
2002 |
|
|
Productivity: |
2,03 |
1,59 |
|
|
Turnover of Collection Rights : |
3,24 |
2,43 |
|
|
Turnover of Payment Entitlements: |
1,68 |
3,19 |
|
|
Stock rotation: |
2,43 |
8,98 |
|
|
Assets turnover: |
1,29 |
1,47 |
|
|
Borrowing Cost: |
10,71 |
15,67 |
|
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 subject is engaged
in design, development and execution of steel mills projects, well run and it
has a good concept in general among the business relationship. The subject
meets normally its 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.60.49 |
|
|
1 |
Rs.99.77 |
|
Euro |
1 |
Rs.83.67 |
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.