MIRA INFORM REPORT
|
Report No. : |
352495 |
|
Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEVA API INTERNATIONAL S.A. |
|
|
|
|
Registered Office : |
C/ Pau Claris, 172 P.1 Pta.1b. - Barcelona - 08037 - Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
26.01.2009 |
|
|
|
|
Legal Form : |
Public Company |
|
|
|
|
Line of Business : |
Wholesale of Pharmaceutical Goods |
|
|
|
|
No. of Employees : |
14 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
WITH FINANCIALS |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Spain |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
After experiencing a prolonged recession in the wake of the global financial crisis that began in 2008, in 2014 Spain marked the first full year of positive economic growth in seven years, largely due to increased private consumption. At the onset of the global financial crisis Spain's GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. In 2013 the government successfully shored up struggling banks - exposed to the collapse of Spain's depressed real estate and construction sectors - and in January 2014 completed an EU-funded restructuring and recapitalization program.
Until 2014, credit contraction in the private sector, fiscal austerity, and high unemployment weighed on domestic consumption and investment. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, but labor reforms prompted a modest reduction to 23.7% in 2014. High unemployment strained 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 2010, but Spain gradually reduced the deficit to just under 7% of GDP in 2013-14, 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 more than 97% in 2014.
Exports were resilient throughout the economic downturn and helped to bring Spain's current account into surplus in 2013 for the first time since 1986, where it remained in 2014. Rising labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have helped to improve foreign investor interest in the economy and positive FDI flows have been restored.
The government's efforts to implement labor, pension, health, tax, and education reforms - aimed at supporting investor sentiment - have become overshadowed by political activity in 2015 in anticipation of the national parliamentary elections in November. Spain’s 2015 budget, published in September 2014, rolls back some recently imposed taxes in advance of the elections and leaves untouched the country’s value-added tax (VAT) regime, which continues to generate significantly lower revenue than the EU average. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and despite the recent uptic in economic activity, inflation has dropped sharply, from 1.5% in 2013 to nearly flat in 2014.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
Name: |
TEVA API INTERNATIONAL S.A. |
|
NIF / Fiscal code: |
A85620615 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
26/01/2009 |
|
Register Data |
Register Section 8 Sheet 384364 |
|
Last Publication
in BORME: |
12/03/2015 [Appointments] |
|
Last Published Account Deposit: |
2013 |
|
Share Capital: |
60.110 |
|
|
|
|
Localization: |
C/ Pau Claris, 172 P.1 Pta.1b. - Barcelona - 08037 - Barcelona |
|
Telephone - Fax - Email - Website: |
Telephone. 934 677 161 Email. tapi.spain@tevaeu.com Website.
www.tapi.com |
|
|
|
|
Activity: |
|
|
NACE: |
4646 - Wholesale of pharmaceutical goods |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
No |
|
Tenders and Awards: |
|
|
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
|
|
IVAX INTERNATIONAL, S.A. |
100 % |
|
|
Shares: |
0 |
|
|
Other Links: |
1 |
|
|
No. of Active Corporate Bodies: |
|
|
|
Ratios |
2013 |
2012 |
Change |
|
|
Guarantees: |
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources NO, Guarantees NO |
|
|
|
|
INVESTIGATION
SUMMARY |
|
|
This company was incorporated in 2009 and it''s engaged in the distribution
of pharmaceutical products. Its turnover increased by 4.90% in 2013 vs the
previous year. It has a positive working capital, the company would therefore
be able to meet short term payment commitments. |
|
|
Interviewed Person: |
|
Enquiry
Details
|
|
|
Business address
regime: |
Rent |
Identification
|
|
|
Social
Denomination: |
TEVA API INTERNATIONAL S.A. |
|
NIF / Fiscal
code: |
A85620615 |
|
Corporate
Status: |
ACTIVE |
|
Start of
activity: |
2009 |
|
Registered
Office: |
C/ PAU CLARIS, 172 P.1 PTA.1B. |
|
Locality: |
BARCELONA |
|
Province: |
BARCELONA |
|
Postal Code: |
08037 |
|
Telephone: |
934 677 161 |
|
Website: |
www.tapi.com |
|
Email: |
tapi.spain@tevaeu.com |
|
Interviewed
Person: |
Employee |
Branch
Offices
|
Activity
|
|
|
NACE: |
4646 |
|
Legal Form: |
TRADING OF THERAPEUTIC AND PHARMACEUTICAL CHEMICAL PRODUCTS, INCLUDING
RAW MATERIALS, INTERMEDIATE PRODUCTS, SEMIFINISHED GOODS, ACTIVE INGREDIENTS
AND CHEMICAL PRODUCTS. |
|
Additional
Information: |
It''''s engaged in the distribution of pharmaceutical products. It is
part of the group TEVA API. |
|
Additional
Address: |
Registered office and offices C/ PAU CLARIS, 172 P.1 PTA.1B. 08037
BARCELONA |
|
Import / export: |
IMPORT / EXPORT |
|
Future
Perspective: |
Consolidation |
|
Industry
situation: |
Maturity |
Number
of Employees
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
2015 |
14 |
|
|
|
The data of employees is from the latest available financial statements
in axesor. Failing that, are estimates data calculated by statistical methods
Chronological
Summary
|
|||
|
|
Year |
Act |
|
|
|
2009 |
Appointments/ Re-elections (3) Change of Social address (1) Company
Formation (1) Correction (2) Other Concepts/ Events (1) |
|
|
|
2011 |
Accounts deposit (year 2009, 2010) Appointments/ Re-elections (1)
Cessations/ Resignations/ Reversals (1) |
|
|
|
2013 |
Accounts deposit (year 2011, 2012) Appointments/ Re-elections (3)
Cessations/ Resignations/ Reversals (4) |
|
|
|
2015 |
Accounts deposit (year 2013) Appointments/ Re-elections (5) Cessations/
Resignations/ Reversals (5) Declaration of Sole Propietorship (1) Other
Concepts/ Events (1) |
|
Breakdown
of Owners' Equity
|
|
|
Registered
Capital: |
60.110 |
|
Paid up capital: |
60.110 |
Updated
Evolution of the Subscribed and Paid-in Capital
|
|||||
|
Publishing Date |
Registration
Type |
Capital
Subscribed |
Paid up capital |
Underwritten
result |
Disbursed Result |
|
02/03/2009 |
Company Formation |
60.110 |
60.110 |
60.110 |
60.110 |
Active
Social Bodies
|
|
Post published |
Social Body's
Name |
Appointment Date |
Other Positions
in this Company |
|
SINGLE PARTNER |
IVAX INTERNATIONAL GMBH |
07/01/2015 |
1 |
|
PRESIDENT |
GONZALEZ GUERRERO DAVID FROILAN |
04/03/2015 |
3 |
|
MEMBER OF THE BOARD |
STEFAN FELTENS |
04/03/2015 |
3 |
|
|
CASTRO ARISTEGUIETA ISABEL CRISTINA |
04/03/2015 |
2 |
|
|
GONZALEZ GUERRERO DAVID FROILAN |
04/03/2015 |
3 |
|
|
KOCH RICHARD DAVID |
02/03/2009 |
3 |
|
|
WHITTY PAUL VINCENT |
02/03/2009 |
3 |
|
COMBINED CHIEF EXECUTIVE OFFICER |
KOCH RICHARD DAVID |
02/03/2009 |
3 |
|
|
WHITTY PAUL VINCENT |
02/03/2009 |
3 |
|
JOINT ATTORNEY/COMBINED PROXY |
LOPEZ LOPEZ SILVIA |
04/03/2015 |
3 |
|
|
GONZALEZ GUERRERO DAVID FROILAN |
04/03/2015 |
3 |
|
|
CASTRO ARISTEGUIETA ISABEL CRISTINA |
04/03/2015 |
2 |
|
|
STEFAN FELTENS |
19/01/2015 |
3 |
|
PROXY |
PETTERSSON MICHAEL |
01/06/2009 |
1 |
|
|
KOCH RICHARD DAVID |
01/06/2009 |
3 |
|
|
RON MENACHEM |
01/06/2009 |
4 |
|
|
WHITTY PAUL VINCENT |
01/06/2009 |
3 |
|
NON CONSELLOR SECRETARY |
AISA LUIS ANA ISABEL |
22/03/2013 |
1 |
Historical
Social Bodies
|
|
Social Body's
Name |
Post published |
End Date |
Other Positions
in this Company |
|
BARTA PEREZ EMILIO |
MEMBER OF THE BOARD |
04/03/2015 |
2 |
|
|
PROXY |
04/03/2015 |
|
|
GARCIA LOPEZ LUIS MANUEL |
NON CONSELLOR SECRETARY |
22/03/2013 |
1 |
|
LOPEZ LOPEZ SILVIA |
PROXY |
22/03/2013 |
3 |
|
|
PROXY |
04/03/2015 |
|
|
MENACHEM RON |
PROXY |
22/03/2013 |
1 |
|
MICHAEL PETTERSSON |
PROXY |
01/06/2011 |
6 |
|
|
PROXY |
22/03/2013 |
|
|
|
CHIEF EXECUTIVE OFFICER |
22/03/2013 |
|
|
|
PRESIDENT |
04/03/2015 |
|
|
|
MEMBER OF THE BOARD |
04/03/2015 |
|
|
|
PROXY |
04/03/2015 |
|
|
PAUL VINCENT WHITTY |
MEMBER OF THE BOARD |
22/03/2013 |
2 |
|
|
COMBINED CHIEF EXECUTIVE OFFICER |
22/03/2013 |
|
|
PAUL VINCENT WHITY |
PROXY |
22/03/2013 |
1 |
|
PEZZI BALLARA ALEJANDRA |
PROXY |
22/12/2009 |
3 |
|
|
PROXY |
01/06/2011 |
|
|
|
PROXY |
22/03/2013 |
|
|
RICHARD DAVID KOCH |
PROXY |
22/03/2013 |
3 |
|
|
COMBINED CHIEF EXECUTIVE OFFICER |
22/03/2013 |
|
|
|
MEMBER OF THE BOARD |
22/03/2013 |
|
|
RON MENACHEM |
MEMBER OF THE BOARD |
22/03/2013 |
4 |
|
|
COMBINED CHIEF EXECUTIVE OFFICER |
22/03/2013 |
|
|
|
PRESIDENT |
22/03/2013 |
|
|
STEFAN FELTENS |
MEMBER OF THE BOARD |
04/03/2015 |
3 |
|
THEODORUS JACOBUS ANDRIESSEN |
MEMBER OF THE BOARD |
19/01/2015 |
2 |
|
|
PROXY |
19/01/2015 |
|
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 |
12/03/15 |
Updating of relevant commercial information. |
|
Neutral |
03/02/15 |
Updating of financial statements. |
|
|
Neutral |
28/01/15 |
Updating of relevant commercial information. |
Probability of default
|
> Estimated Probability of Default for the next 12 months:
1.002 %
|
Sector in which comparison is carried out: 464 Wholesale of household goods |
|
|
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 95.00% of the companies of the sector TEVA API INTERNATIONAL SA
belongs to show a higher probability of non-compliance.
The probability of the company's non-compliance with its payment
obligations within deadlines estimated by our qualifications models is 1.002%.
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 |
|
|
|
|
||
|
|
|
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
|
|
IS RELATED WITH: |
1 Entities |
|
SHAREHOLDERS: |
1 Entities |
> Shareholders
|
Relationship |
Entity |
Province |
Shareholding stake |
|
SHAREHOLDERS |
IVAX INTERNATIONAL, S.A. |
|
100 |
> Other relationships
|
Relationship |
Entity |
Province |
Shareholding stake |
|
IS RELATED WITH |
TEVA PHARMA SL |
MADRID |
|
Turnover
|
|
|
Total Sales 2014 |
3.300.000 |
The sales data is from the latest available financial statements in
axesor. Failing that, are estimates data calculated by statistical methods.
Financial
Accounts and Balance Sheets
|
Financial Years
Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2013 |
Normales |
January 2015 |
|
2012 |
Normales |
August 2013 |
|
2011 |
Normales |
March 2013 |
|
2010 |
Normales |
October 2011 |
|
2009 |
Normales |
January 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
31/12/2013
> Balance en formato Abreviado de acuerdo al Nuevo Plan General
Contable 2007
Information
corresponding to the fiscal year 2013 2012 2011 is taken from
information submitted to the TRADE REGISTER. Data corresponding to fiscal years
before 2013 2012 2011 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, such criteria using
its own methodology. To view details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2013 |
2012 |
2011 |
|
|
A) NON-CURRENT ASSETS: 11000 |
206.021,00 |
202.782,00 |
158.747,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
124.261,00 |
121.122,00 |
112.087,00 |
|
|
III. Real estate investment: 11300 |
0,00 |
0,00 |
0,00 |
|
|
IV. Long-term investments in Group companies and
associates : 11400 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term financial investments: 11500 |
81.760,00 |
81.660,00 |
46.660,00 |
|
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
0,00 |
|
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
|
|
B) CURRENT ASSETS: 12000 |
1.424.845,00 |
1.441.221,00 |
652.247,00 |
|
|
I. Non-current assets held for sale : 12100 |
0,00 |
0,00 |
0,00 |
|
|
II. Stocks: 12200 |
1.887,00 |
0,00 |
0,00 |
|
|
III. Trade debtors and others receivable
accounts: 12300 |
475.960,00 |
507.595,00 |
346.386,00 |
|
|
1.- Customers for sales and
provisions of services : 12380 |
440.787,00 |
473.050,00 |
318.392,00 |
|
|
a)
Long-term receivables from sales and services supplied : 12381 |
0,00 |
0,00 |
0,00 |
|
|
b) Customers
for sales and provisions of services : 12382 |
440.787,00 |
473.050,00 |
318.392,00 |
|
|
2.- Called up share capital
: 12370 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other accounts
receivable : 12390 |
35.173,00 |
34.545,00 |
27.994,00 |
|
|
IV. Short-term investments in Group companies and
associates: 12400 |
43.924,00 |
37.519,00 |
35.333,00 |
|
|
V. Short-term financial investments : 12500 |
0,00 |
0,00 |
0,00 |
|
|
VI. Short-term accruals: 12600 |
217.518,00 |
75.489,00 |
15.881,00 |
|
|
VII. Cash and other equivalent liquid assets :
12700 |
685.556,00 |
820.619,00 |
254.647,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
1.630.866,00 |
1.644.003,00 |
810.994,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and Net Worth |
2013 |
2012 |
2011 |
|
|
A) NET WORTH: 20000 |
329.446,00 |
244.943,00 |
164.122,00 |
|
|
A1) Shareholders' equity : 21000 |
329.446,00 |
244.943,00 |
164.122,00 |
|
|
I. Capital: 21100 |
60.110,00 |
60.110,00 |
60.110,00 |
|
|
1.-
Registered capital: 21110 |
60.110,00 |
60.110,00 |
60.110,00 |
|
|
2.-
(Uncalled capital) : 21120 |
0,00 |
0,00 |
0,00 |
|
|
II. Share premium:
21200 |
0,00 |
0,00 |
0,00 |
|
|
III. Reserves: 21300 |
184.833,00 |
104.012,00 |
91.785,00 |
|
|
IV. (Common stock equity):
21400 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought
forward: 21500 |
0,00 |
0,00 |
0,00 |
|
|
VI. Other
shareholders' contributions: 21600 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period:
21700 |
84.503,00 |
80.820,00 |
12.227,00 |
|
|
VIII. (Interim dividend):
21800 |
0,00 |
0,00 |
0,00 |
|
|
IX. Other net worth
instruments: 21900 |
0,00 |
0,00 |
0,00 |
|
|
A-2) Adjustments due to changes in value:
22000 |
0,00 |
0,00 |
0,00 |
|
|
A-3) Received subsidies, donations and legacies:
23000 |
0,00 |
0,00 |
0,00 |
|
|
B) NON-CURRENT LIABILITIES: 31000 |
300.390,00 |
225.682,00 |
161.928,00 |
|
|
I. Long-term provisions: 31100 |
300.390,00 |
225.682,00 |
161.928,00 |
|
|
II. Long-term creditors : 31200 |
0,00 |
0,00 |
0,00 |
|
|
1.- Amounts owed to credit
institutions: 31220 |
0,00 |
0,00 |
0,00 |
|
|
2.- Creditors from financial
leasing : 31230 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other long-term
creditors : 31290 |
0,00 |
0,00 |
0,00 |
|
|
III. Long-term debts with Group companies and
associates: 31300 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
|
|
C) CURRENT LIABILITIES : 32000 |
1.001.029,00 |
1.173.378,00 |
484.944,00 |
|
|
I. Liabilities linked to non-current assets held
for sale : 32100 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
|
|
III. Short-term creditors : 32300 |
0,00 |
0,00 |
0,00 |
|
|
1.- Amounts owed to credit
institutions: 32320 |
0,00 |
0,00 |
0,00 |
|
|
2.- Creditors from financial
leasing : 32330 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other short-term
creditors : 32390 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term debts with Group companies and
associates: 32400 |
0,00 |
0,00 |
0,00 |
|
|
V. Trade creditors and other accounts payable:
32500 |
1.001.029,00 |
1.173.378,00 |
484.944,00 |
|
|
1.- Suppliers: 32580 |
0,00 |
0,00 |
0,00 |
|
|
a)
Long-term debts : 32581 |
0,00 |
0,00 |
0,00 |
|
|
b)
Short-term debts : 32582 |
0,00 |
0,00 |
0,00 |
|
|
2.- Other creditors :
32590 |
1.001.029,00 |
1.173.378,00 |
484.944,00 |
|
|
VI. Short-term accruals: 32600 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000 |
1.630.866,00 |
1.644.003,00 |
810.994,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and Loss |
2013 |
2012 |
2011 |
|
|
1. Net turnover: 40100 |
3.201.678,00 |
3.052.004,00 |
2.249.573,00 |
|
|
2. Changes in stocks of finished goods and work
in progress: 40200 |
0,00 |
0,00 |
0,00 |
|
|
3. Works carried out by the company for its
assets: 40300 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
0,00 |
0,00 |
0,00 |
|
|
5. Other operating income: 40500 |
497,00 |
6.910,00 |
1.712,00 |
|
|
6. Personnel costs: 40600 |
-1.404.290,00 |
-1.367.451,00 |
-1.087.079,00 |
|
|
7. Other operating costs: 40700 |
-1.582.604,00 |
-1.514.175,00 |
-1.109.480,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-27.584,00 |
-19.663,00 |
-21.365,00 |
|
|
9. Allocation of subsidies of non-financial fixed
assets and other: 40900 |
0,00 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of fixed
assets: 41100 |
0,00 |
-12.283,00 |
-1.414,00 |
|
|
12. Negative difference in combined businesses:
41200 |
0,00 |
0,00 |
0,00 |
|
|
13. Other results : 41300 |
-79,00 |
19,00 |
116,00 |
|
|
A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) : 49100 |
187.618,00 |
145.361,00 |
32.064,00 |
|
|
14. Financial income : 41400 |
391,00 |
397,00 |
18,00 |
|
|
a) Allocation of financial
subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income: 41490 |
391,00 |
397,00 |
18,00 |
|
|
15. Financial expenditure: 41500 |
0,00 |
0,00 |
0,00 |
|
|
16. Changes in fair value of financial
instruments : 41600 |
0,00 |
0,00 |
0,00 |
|
|
17. Exchange rate differences : 41700 |
-31.718,00 |
-2.978,00 |
11.118,00 |
|
|
18. Impairment and result for transfers of
financial instruments: 41800 |
0,00 |
0,00 |
0,00 |
|
|
19. Other financial income and expenditure:
42100 |
0,00 |
0,00 |
0,00 |
|
|
a) Incorporation of
financial expenditure to assets: 42110 |
0,00 |
0,00 |
0,00 |
|
|
b) Financial income from
arrangement with creditors: 42120 |
0,00 |
0,00 |
0,00 |
|
|
c) Other income and
expenditure: 42130 |
0,00 |
0,00 |
0,00 |
|
|
B) FINANCIAL REVENUE (14 + 15 + 16 + 17 + 18 + 19) : 49200 |
-31.327,00 |
-2.581,00 |
11.137,00 |
|
|
C) NET RESULT BEFORE TAXES (A + B) : 49300 |
156.292,00 |
142.781,00 |
43.200,00 |
|
|
20. Income taxes: 41900 |
-71.788,00 |
-61.960,00 |
-30.973,00 |
|
|
D) RESULT OF THE PERIOD (C + 20) : 49500 |
84.503,00 |
80.820,00 |
12.227,00 |
|
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.
|
|
2013 |
2012 |
2011 |
|
|
1. Fiscal year result before taxes.: 61100 |
156.292,00 |
142.781,00 |
43.200,00 |
|
|
2. Results adjustments.: 61200 |
101.901,00 |
83.019,00 |
183.275,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
27.584,00 |
19.663,00 |
21.365,00 |
|
|
c) Variation in Provision (+/-). : 61203 |
74.708,00 |
63.754,00 |
161.928,00 |
|
|
g) Financial income (-).: 61207 |
-391,00 |
-397,00 |
-18,00 |
|
|
3. Changes in current capital equity.: 61300 |
-362.824,00 |
403.473,00 |
56.370,00 |
|
|
a) Stock (+/-).: 61301 |
-1.887,00 |
0,00 |
0,00 |
|
|
d) Debtors and other accounts receivable (+/-). :
61302 |
31.635,00 |
-161.208,00 |
-346.386,00 |
|
|
c) Other current assets (+/-). : 61303 |
-148.434,00 |
-61.793,00 |
-51.214,00 |
|
|
d) Creditors and other accounts payable (+/-). :
61304 |
-244.137,00 |
626.474,00 |
453.971,00 |
|
|
4. Other cash flows for operating activities.: 61400 |
391,00 |
397,00 |
18,00 |
|
|
c) Interest collection (+). : 61403 |
391,00 |
397,00 |
18,00 |
|
|
5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
-104.240,00 |
629.670,00 |
282.864,00 |
|
|
6. Payments for investment (-).: 62100 |
-3.239,00 |
-44.035,00 |
-158.747,00 |
|
|
c) Fixed assets. : 62103 |
-3.139,00 |
-9.035,00 |
-112.087,00 |
|
|
e) Other financial assets. : 62105 |
-100,00 |
-35.000,00 |
-46.660,00 |
|
|
7. Divestment payment collection (+). : 62200 |
0,00 |
0,00 |
0,00 |
|
|
8. Investment activity cash flows (6 + 7) minus Amortization:
62300 |
-30.822,00 |
-63.698,00 |
-180.112,00 |
|
|
9. Payment collection and payments for equity instruments. :
63100 |
0,00 |
0,00 |
151.895,00 |
|
|
a) Issuance of equity instruments (+). :
63101 |
0,00 |
0,00 |
151.895,00 |
|
|
10. Payment collection and payments for financial liabilities
instruments.: 63200 |
0,00 |
0,00 |
0,00 |
|
|
11. Payments from dividends and remunerations from other assets
instruments. : 63300 |
0,00 |
0,00 |
0,00 |
|
|
12. Cash flows for financing activities (9+10+11).: 63400 |
0,00 |
0,00 |
151.895,00 |
|
|
D) EFFECT OF EXCHANGE RATE CHANGES: 64000 |
0,00 |
0,00 |
0,00 |
|
|
E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS
(+/-5+/-8+/12+/-D) : 65000 |
-135.062,00 |
565.972,00 |
254.647,00 |
|
|
Cash or equivalent assets as of beginning of the
fiscal year.: 65100 |
820.619,00 |
254.647,00 |
0,00 |
|
|
Cash or equivalent assets as of end of the fiscal
year.: 65200 |
685.556,00 |
820.619,00 |
254.647,00 |
|
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 |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Cash Flow over Sales: |
-0,04 % |
0,18 % |
0,19 % |
0,17 % |
-122,75 % |
9,33 % |
|
|
EBITDA over Sales: |
6,72 % |
-1,43 % |
5,81 % |
7,58 % |
15,75 % |
-118,91 % |
|
|
Cash Flow Yield: |
-0,08 % |
0,04 % |
0,34 % |
0,04 % |
-124,06 % |
6,98 % |
|
|
Profitability |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
12,47 % |
-12,01 % |
9,53 % |
0,51 % |
30,83 % |
-2.436,10 % |
|
|
Total economic profitability: |
9,58 % |
-3,39 % |
8,68 % |
-0,03 % |
10,34 % |
-12.225,97 % |
|
|
Financial profitability: |
25,65 % |
-11,79 % |
33,00 % |
-3,94 % |
-22,26 % |
-199,14 % |
|
|
Margin: |
5,86 % |
-24,36 % |
4,75 % |
0,94 % |
23,36 % |
-2.690,56 % |
|
|
Mark-up: |
4,88 % |
-22,14 % |
4,67 % |
-6,14 % |
4,63 % |
-260,44 % |
|
|
Solvency |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,68 |
0,16 |
0,70 |
0,16 |
-2,08 |
3,91 |
|
|
Acid Test: |
1,20 |
1,21 |
1,16 |
0,86 |
3,46 |
39,81 |
|
|
Working Capital / Investment: |
0,26 |
0,09 |
0,16 |
0,08 |
59,51 |
5,73 |
|
|
Solvency: |
1,42 |
1,70 |
1,23 |
1,43 |
15,89 |
19,09 |
|
|
Indebtedness |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
1,59 |
1,05 |
2,49 |
1,07 |
-36,25 |
-1,76 |
|
|
Borrowing Composition: |
0,00 |
0,99 |
0,00 |
1,22 |
|
-19,31 |
|
|
Repayment Ability: |
-7,41 |
12,19 |
2,07 |
14,17 |
-457,50 |
-13,98 |
|
|
Warranty: |
1,63 |
2,11 |
1,40 |
1,94 |
16,28 |
8,66 |
|
|
Generated resources / Total creditors: |
0,11 |
-0,06 |
0,09 |
0,01 |
30,75 |
-587,98 |
|
|
Efficiency |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
1,15 |
0,95 |
1,13 |
1,30 |
2,09 |
-27,37 |
|
|
Turnover of Collection Rights : |
6,73 |
2,95 |
6,03 |
3,64 |
11,64 |
-19,03 |
|
|
Turnover of Payment Entitlements: |
1,58 |
2,34 |
1,29 |
2,35 |
22,51 |
-0,63 |
|
|
Stock rotation: |
1.597,49 |
2,45 |
|
2,20 |
|
11,47 |
|
|
Assets turnover: |
2,13 |
0,49 |
2,01 |
0,55 |
6,05 |
-9,82 |
|
|
Borrowing Cost: |
0,00 |
3,33 |
0,00 |
2,83 |
|
17,81 |
|
> Trend of indicators under the General Accounting Plan of 2007
(2013, 2012, 2011)
|
Cash Flow |
2013 |
2012 |
2011 |
|
|
Cash Flow over Sales: |
-0,04 % |
0,19 % |
0,11 % |
|
|
EBITDA over Sales: |
6,72 % |
5,81 % |
2,43 % |
|
|
Cash Flow Yield: |
-0,08 % |
0,34 % |
0,31 % |
|
|
Profitability |
2013 |
2012 |
2011 |
|
|
Operating economic profitability: |
12,47 % |
9,53 % |
4,38 % |
|
|
Total economic profitability: |
9,58 % |
8,68 % |
5,33 % |
|
|
Financial profitability: |
25,65 % |
33,00 % |
7,45 % |
|
|
Margin: |
5,86 % |
4,75 % |
1,42 % |
|
|
Mark-up: |
4,88 % |
4,67 % |
1,91 % |
|
|
Solvency |
2013 |
2012 |
2011 |
|
|
Liquidity: |
0,68 |
0,70 |
0,53 |
|
|
Acid Test: |
1,20 |
1,16 |
1,31 |
|
|
Working Capital / Investment: |
0,26 |
0,16 |
0,21 |
|
|
Solvency: |
1,42 |
1,23 |
1,34 |
|
|
Indebtedness |
2013 |
2012 |
2011 |
|
|
Indebtedness level: |
1,59 |
2,49 |
1,49 |
|
|
Borrowing Composition: |
0,00 |
0,00 |
0,00 |
|
|
Repayment Ability: |
-7,41 |
2,07 |
1,90 |
|
|
Warranty: |
1,63 |
1,40 |
1,67 |
|
|
Generated resources / Total creditors: |
0,11 |
0,09 |
0,07 |
|
|
Efficiency |
2013 |
2012 |
2011 |
|
|
Productivity: |
1,15 |
1,13 |
1,05 |
|
|
Turnover of Collection Rights : |
6,73 |
6,03 |
6,50 |
|
|
Turnover of Payment Entitlements: |
1,58 |
1,29 |
2,29 |
|
|
Stock rotation: |
1.597,49 |
|
|
|
|
Assets turnover: |
2,13 |
2,01 |
3,09 |
|
|
Borrowing Cost: |
0,00 |
0,00 |
0,00 |
|
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
|
|
This company was incorporated in 2009 and it''s engaged in the
distribution of pharmaceutical products. Its turnover increased by 4.90% in
2013 vs the previous year. It has a positive working capital, the company
would therefore be able to meet short term 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.66.84 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.73.05 |
|
EUR |
1 |
Rs.72.20 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.