MIRA INFORM REPORT
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Report No. : |
309358 |
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Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SPAIN ENZYMES SL |
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Registered Office : |
C/ Hernan Cortes, 63. Silla Valencia 46460 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
16.05.2008 |
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Legal Form : |
Private company |
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Line of Business : |
Subject is engaged in the research and development of enzymes for various
industries such as leather, textiles, detergents, dietary supplements, food,
pharmaceutical and biotransformation |
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|
No. of Employee : |
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 |
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Spain |
A2 |
A1 |
|
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
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Name: |
SPAIN
ENZYMES SL |
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NIF
/ Fiscal code: |
B98039597 |
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Status: |
ACTIVE |
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Incorporation
Date: |
16/05/2008 |
|
Register Data |
Register
Section 8 Sheet 129451 |
|
Last Publication in BORME: |
30/08/2011
[Annual accounts' deposit] |
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Last
Published Account Deposit: |
2013 |
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Share
Capital: |
3.100 |
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|
|
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Localization: |
C/
HERNAN CORTES, 63. - SILLA - 46460 - VALENCIA |
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Telephone
- Fax - Email - Website: |
Ph.:.
961 551 782��
Website. www.spainenzymes.es |
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|
|
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Activity: |
|
|
NACE: |
4612
- Agents involved in the sale of fuels, ores, metals and industrial chemicals |
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Registered
Trademarks: |
|
|
Audited
/ Opinion: |
No |
|
Tenders
and Awards: |
0
for a total cost of 0 |
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Subsidies: |
0
for a total cost of 0 |
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Quality
Certificate: |
No |
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|
Defaults, Legal Claims and
Insolvency Proceedings : |
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|
|
|
|
|
|
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 |
--- |
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Proceedings
heard by the Labour Court |
|
Unpublished |
0 |
--- |
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Partners: |
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|
|
JOSE
EDUARDO SAN LORENZO FERRANDO |
100
% |
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Shares: |
0 |
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|
Other
Links: |
0 |
|
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No.
of Active Corporate Bodies: |
SINGLE
ADMINISTRATOR 1 |
|
|
Ratios |
2013 |
2012 |
Change |
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|
|
|
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Guarantees: |
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|
Properties
Registered: |
Company
NO, Administrator NO |
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Financing
/ Guarantee Sources : |
Sources
NO, Guarantees NO |
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INVESTIGATION
SUMMARY |
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|
The
company was incorporated in 2008, engaged in the development of enzymes for
the industry. Its turnover has been increased by 6,73 % in 2013 compared to 2012.
It complies with its payment obligations. |
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Enquiry
Details
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IDENTIFICATION |
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Social Denomination: |
SPAIN ENZYMES SL |
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NIF / Fiscal code: |
B98039597 |
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Corporate Status: |
ACTIVE |
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Start of activity: |
2008 |
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Registered Office: |
C/ HERNAN CORTES, 63. |
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Locality: |
SILLA |
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Province: |
VALENCIA |
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Postal Code: |
46460 |
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Telephone: |
961 551 782 |
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Website: |
|
|
Branch Offices |
--
|
ACTIVITY
|
|
|
NACE: |
4612 |
|
Additional Information: |
It is engaged in the
research and development of enzymes for various industries such as leather,
textiles, detergents, dietary supplements, food, pharmaceutical and biotransformation.
- Additional Address: C/ HERNAN CORTES, 63 46460 SILLA (VALENCIA), registered
office and offices, rented. APTDO CORREOS , 29 46290 ALCACER (VALENCIA),
postal domicile. |
|
Import / export: |
DOES NOT IMPORT / DOES NOT
EXPORT |
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Future Perspective: |
Consolidation |
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Industry situation: |
Growth |
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Chronological
Summary
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Year |
Act |
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2008 |
Appointments/ Re-elections (1) Company Formation (1) Declaration of
Sole Propietorship (1) |
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|
2009 |
Accounts deposit (ejer. 2008) Appointments/ Re-elections (1)
Cessations/ Resignations/ Reversals (1) Declaration of Sole Propietorship (1)
Loss of the sole propietorship condition (1) Other Concepts/ Events (1)
Statutory Modifications (1) |
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2010 |
Accounts deposit (ejer. 2009) |
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2011 |
Accounts deposit (ejer. 2010) |
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2012 |
Accounts deposit (ejer. 2011) |
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2013 |
Accounts deposit (ejer. 2012) |
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2014 |
Accounts deposit (ejer. 2013) |
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Breakdown
of Owners' Equity
|
|
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Registered Capital: |
3.100 |
|
Paid up capital: |
3.100 |
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Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
11/06/2008 |
Company Formation |
3.100 |
3.100 |
3.100 |
3.100 |
|
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|
|
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|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
|
SINGLE PARTNER |
SAN LORENZO FERRANDO JOSE EDUARDO |
25/11/2009 |
2 |
|
SINGLE ADMINISTRATOR |
SAN LORENZO FERRANDO JOSE EDUARDO |
25/11/2009 |
2 |
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|
|
|
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|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
FERRANDO MAS CARMEN |
SINGLE ADMINISTRATOR |
25/11/2009 |
2 |
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|
SINGLE PARTNER |
25/11/2009 |
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||
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� |
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|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
JOSE EDUARDO SAN LORENZO FERRANDO |
|
DIRECTOR/GENERAL MANAGER |
|
JOSE EDUARDO SAN LORENZO FERRANDO |
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Defaults, Legal Claims and Insolvency Proceedings |
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|
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 |
|
--- |
--- |
|
--- |
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Resolution |
|
--- |
--- |
|
--- |
|
Defaults
on debt with Financial Institutions and Large Companies |
Bank
and Commercial Delinquency |
None |
0 |
|
|
|
Status:
Friendly |
|
--- |
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|
Status:
Pre-Litigation |
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--- |
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Status:
Litigation |
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--- |
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Status:
Non-performing |
|
--- |
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Status:
insolvency proceedings, bankruptcy and suspension of payments |
|
--- |
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Other
status |
|
--- |
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|
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|
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
> Basis for scoring
|
Positive Factors |
Adverse Factors |
|
No judicial claims have been detected in the Official Gazettes,
regarding any Entity's outstanding debts with the Tax Bureau or Social
Security administrations, as submitted by Courts of the various court
jurisdictions. No irregular payment performance has been detected based on
information obtained from credit bureaus. Significant level of financial autonomy. The asset is financed mostly
with equity and financing with maturity exceeding one year, providing a solid
financial structure. The current debt represents a 36.09of the financial structure. In
principle, a decrease in this ratio would indicate an improvement in the
short-term financial situation. It has financial profitability.. SPAIN ENZYMES SLobtains financial
return as a consequence of an investment in its own resources which, a
priori, might improve its financial and economic situation. |
It is in a Development stage. It has scarce experience in the Sector,
characterized by not having yet achieved a strong market position. Private consumption continues to have, in spite of some signs of
improvement, very low rates , thus showing great weakness. Among the companies with similar characteristics, SPAIN ENZYMES 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. |
|
TREND OF SCORING |
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|
|
|
> Latest Scoring Changes :
The information contained in the latest annual statements has led to a
Scoring review for the company.
|
Probability of default |
|
|
|
|
> Estimated Probability of Default for the next 12 months: 1.582 %
|
Sector in which comparison is carried out: 461 Wholesale on a fee or contract basis |
|
|
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 84.00% of the companies of the sector SPAIN ENZYMES 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 1.582%.
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 |
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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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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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No se han publicado |
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Guarantees |
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References |
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Link List |
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SHAREHOLDERS: |
1 Entities |
> Shareholders
|
Relationship |
Entity |
Province |
Shareholding stake |
|
SHAREHOLDERS |
JOSE EDUARDO SAN LORENZO FERRANDO |
|
100 |
|
Turnover |
|
|
Total Sales 2014 |
655.000 |
|
Financial Accounts and Balance Sheets |
|
|
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Financial Years Presented
|
Ejercicio |
Tipo de Cuentas
Anuales |
Fecha Presentacion |
|
2013 |
Normales |
August 2014 |
|
2012 |
Normales |
August 2013 |
|
2011 |
Normales |
August 2012 |
|
2010 |
Normales |
August 2011 |
|
2009 |
Normales |
August 2010 |
|
2008 |
Normales |
August 2009 |
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 Pyme de acuerdo al Nuevo Plan General Contable 2007
Information corresponding to the fiscal year 2013 2012 2011 2010 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2013 2012 2011 2010 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 |
2013 |
2012 |
2011 |
2010 |
|
|
A) NON-CURRENT ASSETS: 11000 |
16.660,00 |
18.830,00 |
4.932,00 |
4.832,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
15.993,00 |
18.229,00 |
4.932,00 |
4.832,00 |
|
|
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 |
667,00 |
601,00 |
0,00 |
0,00 |
|
|
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 |
254.240,00 |
160.740,00 |
129.903,00 |
79.702,00 |
|
|
I. Stocks : 12200 |
25.414,00 |
20.119,00 |
22.410,00 |
18.769,00 |
|
|
II. Trade debtors and others receivable accounts : 12300 |
154.488,00 |
121.195,00 |
64.168,00 |
49.357,00 |
|
|
1. Trade debtors / accounts receivable: 12380 |
63.332,00 |
58.255,00 |
39.971,00 |
33.231,00 |
|
|
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 |
63.332,00 |
58.255,00 |
39.971,00 |
33.231,00 |
|
|
2. Called up share capital: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other accounts receivable : 12390 |
91.156,00 |
62.940,00 |
24.197,00 |
16.126,00 |
|
|
III. Short-term investment in Group companies and associates: 12400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term financial investments : 12500 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Short-term accruals : 12600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash and other equivalent liquid assets : 12700 |
74.338,00 |
19.426,00 |
43.325,00 |
11.577,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
270.900,00 |
179.570,00 |
134.835,00 |
84.535,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and Net Worth |
2013 |
2012 |
2011 |
2010 |
|
|
A) NET WORTH: 20000 |
163.596,00 |
113.854,00 |
71.670,00 |
65.438,00 |
|
|
A-1) Shareholders' equity: 21000 |
163.596,00 |
113.854,00 |
71.670,00 |
65.438,00 |
|
|
I. Capital: 21100 |
3.100,00 |
3.100,00 |
3.100,00 |
3.100,00 |
|
|
1. Registered capital : 21110 |
3.100,00 |
3.100,00 |
3.100,00 |
3.100,00 |
|
|
2. (Uncalled capital): 21120 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Share premium: 21200 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Reserves: 21300 |
8.437,00 |
8.437,00 |
0,00 |
0,00 |
|
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward: 21500 |
102.317,00 |
60.133,00 |
57.582,00 |
54.397,00 |
|
|
VI. Other shareholders' contributions: 21600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period: 21700 |
49.743,00 |
42.184,00 |
10.988,00 |
7.941,00 |
|
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-2)
Changes in net worth : 22000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-3)
Received subsidies, donations and legacies: 23000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
NON-CURRENT LIABILITIES: 31000 |
9.542,00 |
39.167,00 |
24.667,00 |
20.000,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
9.542,00 |
39.167,00 |
24.667,00 |
20.000,00 |
|
|
1. Amounts owed to credit institutions:
31220 |
8.333,00 |
12.333,00 |
16.000,00 |
20.000,00 |
|
|
2. Creditors from financial leasing :
31230 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other long-term creditors : 31290 |
1.209,00 |
26.833,00 |
8.667,00 |
0,00 |
|
|
III. Long-term debts with Group companies and associates:
31300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C)
CURRENT LIABILITIES : 32000 |
97.762,00 |
26.549,00 |
38.498,00 |
-903,00 |
|
|
I. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term creditors : 32300 |
-47.760,00 |
-47.886,00 |
-48.838,00 |
-51.961,00 |
|
|
1. Amounts owed to credit institutions:
32320 |
-9.953,00 |
-10.000,00 |
0,00 |
0,00 |
|
|
2. Creditors from financial leasing :
32330 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other short-term creditors :
32390 |
-37.807,00 |
-37.886,00 |
-48.838,00 |
-51.961,00 |
|
|
III. Short-term amounts owed to group and associated companies:
32400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Trade creditors and other accounts payable: 32500 |
145.521,00 |
74.435,00 |
87.336,00 |
51.058,00 |
|
|
1. Suppliers: 32580 |
129.386,00 |
56.328,00 |
72.319,00 |
52.453,00 |
|
|
a) Long-term debts :
32581 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Short-term debts :
32582 |
129.386,00 |
56.328,00 |
72.319,00 |
52.453,00 |
|
|
2. Other creditors: 32590 |
16.135,00 |
18.107,00 |
15.017,00 |
-1.395,00 |
|
|
V. Short-term accruals : 32600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL
NET WORTH AND LIABILITIES (A + B + C) : 30000 |
270.900,00 |
179.570,00 |
134.835,00 |
84.535,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and Loss |
2013 |
2012 |
2011 |
2010 |
|
|
1. Net turnover: 40100 |
616.157,00 |
577.305,00 |
362.253,00 |
334.887,00 |
|
|
2. Changes in stocks of finished goods and work in progress:
40200 |
25.414,00 |
20.119,00 |
22.410,00 |
18.769,00 |
|
|
3. Works carried out by the company for its assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-467.565,00 |
-428.569,00 |
-271.931,00 |
-276.676,00 |
|
|
5. Other operating income: 40500 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Personnel costs: 40600 |
-14.400,00 |
-13.200,00 |
-14.400,00 |
-14.400,00 |
|
|
7. Other operating costs: 40700 |
-77.268,00 |
-72.866,00 |
-75.138,00 |
-51.079,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-3.311,00 |
-2.506,00 |
-1.697,00 |
-1.186,00 |
|
|
9. Allocation of subsidies of non-financial fixed assets and
other: 40900 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of fixed assets: 41100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Other results : 41300 |
-87,00 |
-10.625,00 |
-158,00 |
3.351,00 |
|
|
A)
OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) :
49100 |
78.940,00 |
69.658,00 |
21.340,00 |
13.665,00 |
|
|
13. Financial income : 41400 |
0,00 |
7,00 |
0,00 |
0,00 |
|
|
a) Allocation of financial subsidies,
donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income: 41490 |
0,00 |
7,00 |
0,00 |
0,00 |
|
|
14. Financial expenditure : 41500 |
-12.621,00 |
-13.420,00 |
-6.689,00 |
-3.078,00 |
|
|
15. Changes in fair value of financial instruments :
41600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
16. Exchange rate differences: 41700 |
4,00 |
0,00 |
0,00 |
0,00 |
|
|
17. Impairment and result for transfers of financial
instruments : 41800 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
18. 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 ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200 |
-12.617,00 |
-13.413,00 |
-6.689,00 |
-3.078,00 |
|
|
C)
NET RESULT BEFORE TAXES ( A + B ) : 49300 |
66.323,00 |
56.245,00 |
14.651,00 |
10.588,00 |
|
|
19. Income taxes : 41900 |
-16.581,00 |
-14.061,00 |
-3.663,00 |
-2.647,00 |
|
|
D)
RESULT OF THE PERIOD ( C + 19 ) : 49500 |
49.743,00 |
42.184,00 |
10.988,00 |
7.941,00 |
|
|
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 |
2010 |
|
|
1.
Fiscal year result before taxes.: 61100 |
66.323,00 |
56.245,00 |
14.651,00 |
10.588,00 |
|
|
2.
Results adjustments.: 61200 |
15.932,00 |
15.919,00 |
8.386,00 |
4.263,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
3.311,00 |
2.506,00 |
1.697,00 |
1.186,00 |
|
|
g) Financial income (-).: 61207 |
0,00 |
-7,00 |
0,00 |
0,00 |
|
|
h) Financial Expenses (+). : 61208 |
12.621,00 |
13.420,00 |
6.689,00 |
3.078,00 |
|
|
3.
Changes in current capital equity.: 61300 |
15.918,00 |
-81.698,00 |
14.163,00 |
-19.715,00 |
|
|
a) Stock (+/-).: 61301 |
-5.295,00 |
2.291,00 |
-3.642,00 |
-18.769,00 |
|
|
d) Debtors and other accounts receivable (+/-). : 61302 |
-33.294,00 |
-57.027,00 |
-14.811,00 |
-49.357,00 |
|
|
d) Creditors and other accounts payable (+/-). : 61304 |
54.506,00 |
-26.963,00 |
32.615,00 |
48.411,00 |
|
|
4.
Other cash flows for operating activities.: 61400 |
-12.621,00 |
-13.413,00 |
-6.689,00 |
-3.078,00 |
|
|
a) Interest payments (-). : 61401 |
-12.621,00 |
-13.420,00 |
-6.689,00 |
-3.078,00 |
|
|
c) Interest collection (+). : 61403 |
0,00 |
7,00 |
0,00 |
0,00 |
|
|
5.
Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
85.552,00 |
-22.947,00 |
30.511,00 |
-7.941,00 |
|
|
6.
Payments for investment (-).: 62100 |
-66,00 |
-13.898,00 |
-100,00 |
-4.832,00 |
|
|
c) Fixed assets. : 62103 |
0,00 |
-13.297,00 |
-100,00 |
-4.832,00 |
|
|
e) Other financial assets. : 62105 |
-66,00 |
-601,00 |
0,00 |
0,00 |
|
|
7.
Divestment payment collection (+). : 62200 |
2.236,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Fixed assets. : 62203 |
2.236,00 |
0,00 |
0,00 |
0,00 |
|
|
8.
Investment activity cash flows (6 + 7) minus Amortization: 62300 |
-1.141,00 |
-16.404,00 |
-1.797,00 |
-6.018,00 |
|
|
9.
Payment collection and payments for equity instruments. : 63100 |
0,00 |
0,00 |
-4.756,00 |
57.497,00 |
|
|
a) Issuance of equity instruments (+). : 63101 |
0,00 |
0,00 |
0,00 |
57.497,00 |
|
|
b) Amortization of assets instruments (-). : 63102 |
0,00 |
0,00 |
-4.756,00 |
0,00 |
|
|
10.
Payment collection and payments for financial liabilities instruments.:
63200 |
-29.499,00 |
15.453,00 |
7.790,00 |
-31.961,00 |
|
|
a) Issuance : 63201 |
126,00 |
29.119,00 |
11.790,00 |
20.000,00 |
|
|
2. Debts incurred with credit institutions (+). : 63203 |
47,00 |
0,00 |
0,00 |
20.000,00 |
|
|
5. Other debts (+). : 63206 |
79,00 |
29.119,00 |
11.790,00 |
0,00 |
|
|
b) Repayment and amortization of : 63207 |
-29.625,00 |
-13.667,00 |
-4.000,00 |
-51.961,00 |
|
|
2. Debts incurred with credit institutions (-).: 63209 |
-4.000,00 |
-13.667,00 |
-4.000,00 |
0,00 |
|
|
5. Other debts (-). : 63212 |
-25.625,00 |
0,00 |
0,00 |
-51.961,00 |
|
|
11.
Payments from dividends and remunerations from other assets instruments. :
63300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12.
Cash flows for financing activities (9+10+11).: 63400 |
-29.499,00 |
15.453,00 |
3.034,00 |
25.536,00 |
|
|
D)
EFFECT OF EXCHANGE RATE CHANGES: 64000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
E)
NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS (+/-5+/-8+/12+/-D) :
65000 |
54.912,00 |
-23.899,00 |
31.748,00 |
11.577,00 |
|
|
Cash or equivalent assets as of beginning of the fiscal year.:
65100 |
19.426,00 |
43.325,00 |
11.577,00 |
0,00 |
|
|
Cash or equivalent assets as of end of the fiscal year.:
65200 |
74.338,00 |
19.426,00 |
43.325,00 |
11.577,00 |
|
|
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: |
0,09 % |
0,01 % |
-0,04 % |
0,00 % |
315,28 % |
|
|
|
EBITDA
over Sales: |
13,36 % |
4,39 % |
14,34 % |
2,62 % |
-6,82 % |
67,31 % |
|
|
Cash
Flow Yield: |
0,20 % |
0,00 % |
-0,13 % |
0,00 % |
252,31 % |
|
|
|
Profitability |
2013 |
2012 |
Variación 2013 - 2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating
economic profitability: |
29,24 % |
1,65 % |
44,86 % |
0,95 % |
-34,81 % |
72,81 % |
|
|
Total
economic profitability: |
29,14 % |
1,50 % |
38,80 % |
1,35 % |
-24,88 % |
10,79 % |
|
|
Financial
profitability: |
30,41 % |
0,05 % |
37,05 % |
-0,34 % |
-17,94 % |
115,94 % |
|
|
Margin:
|
12,83 % |
1,71 % |
13,91 % |
1,06 % |
-7,77 % |
60,84 % |
|
|
Mark-up:
|
10,78 % |
0,24 % |
11,58 % |
-0,22 % |
-6,95 % |
204,93 % |
|
|
Solvency |
2013 |
2012 |
Variación 2013 - 2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity:
|
0,76 |
0,26 |
0,73 |
0,23 |
3,92 |
10,76 |
|
|
Acid
Test: |
2,34 |
1,10 |
5,30 |
1,07 |
-55,81 |
2,47 |
|
|
Working
Capital / Investment: |
0,58 |
0,21 |
0,75 |
0,21 |
-22,70 |
-3,82 |
|
|
Solvency:
|
2,60 |
1,76 |
6,05 |
1,79 |
-57,05 |
-2,16 |
|
|
Indebtedness |
2013 |
2012 |
Variación 2013 - 2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness
level: |
0,66 |
1,03 |
0,58 |
1,08 |
13,64 |
-4,41 |
|
|
Borrowing
Composition: |
0,10 |
0,73 |
1,48 |
0,80 |
-93,38 |
-8,29 |
|
|
Repayment
Ability: |
1,95 |
103,97 |
-2,75 |
-1.451,83 |
171,06 |
107,16 |
|
|
Warranty:
|
2,52 |
1,98 |
2,73 |
1,93 |
-7,61 |
2,20 |
|
|
Generated
resources / Total creditors: |
0,49 |
0,06 |
0,68 |
0,04 |
-27,30 |
25,42 |
|
|
Efficiency |
2013 |
2012 |
Variación 2013 - 2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity:
|
6,72 |
1,20 |
7,27 |
1,11 |
-7,62 |
8,39 |
|
|
Turnover
of Collection Rights : |
3,99 |
4,36 |
4,76 |
4,25 |
-16,27 |
2,73 |
|
|
Turnover
of Payment Entitlements: |
3,92 |
2,92 |
7,01 |
2,76 |
-44,07 |
6,00 |
|
|
Stock
rotation: |
21,14 |
4,21 |
24,70 |
3,66 |
-14,45 |
14,90 |
|
|
Assets
turnover: |
2,28 |
0,96 |
3,23 |
0,90 |
-29,32 |
7,44 |
|
|
Borrowing
Cost: |
11,76 |
2,14 |
20,42 |
2,43 |
-42,41 |
-11,83 |
|
>
Trend of indicators under the General Accounting Plan of 2007 (2013, 2012,
2011, 2010)
|
Cash
Flow |
2013 |
2012 |
2011 |
2010 |
|
|
Cash
Flow over Sales: |
0,09 % |
-0,04 % |
0,09 % |
0,03 % |
|
|
EBITDA
over Sales: |
13,36 % |
14,34 % |
6,40 % |
3,43 % |
|
|
Cash
Flow Yield: |
0,20 % |
-0,13 % |
0,24 % |
0,14 % |
|
|
Profitability |
2013 |
2012 |
2011 |
2010 |
|
|
Operating
economic profitability: |
29,24 % |
44,86 % |
15,94 % |
12,20 % |
|
|
Total
economic profitability: |
29,14 % |
38,80 % |
15,83 % |
16,17 % |
|
|
Financial
profitability: |
30,41 % |
37,05 % |
15,33 % |
12,13 % |
|
|
Margin:
|
12,83 % |
13,91 % |
5,93 % |
3,08 % |
|
|
Mark-up:
|
10,78 % |
11,58 % |
4,09 % |
2,16 % |
|
|
Solvency |
2013 |
2012 |
2011 |
2010 |
|
|
Liquidity:
|
0,76 |
0,73 |
1,13 |
-12,82 |
|
|
Acid
Test: |
2,34 |
5,30 |
2,79 |
-67,46 |
|
|
Working
Capital / Investment: |
0,58 |
0,75 |
0,68 |
0,95 |
|
|
Solvency:
|
2,60 |
6,05 |
3,37 |
-88,24 |
|
|
Indebtedness |
2013 |
2012 |
2011 |
2010 |
|
|
Indebtedness
level: |
0,66 |
0,58 |
0,88 |
0,29 |
|
|
Borrowing
Composition: |
0,10 |
1,48 |
0,64 |
-22,14 |
|
|
Repayment
Ability: |
1,95 |
-2,75 |
1,99 |
1,65 |
|
|
Warranty:
|
2,52 |
2,73 |
2,13 |
4,43 |
|
|
Generated
resources / Total creditors: |
0,49 |
0,68 |
0,20 |
0,48 |
|
|
Efficiency |
2013 |
2012 |
2011 |
2010 |
|
|
Productivity:
|
6,72 |
7,27 |
2,61 |
1,80 |
|
|
Turnover
of Collection Rights : |
3,99 |
4,76 |
5,65 |
6,78 |
|
|
Turnover
of Payment Entitlements: |
3,92 |
7,01 |
4,23 |
6,79 |
|
|
Stock
rotation: |
21,14 |
24,70 |
15,21 |
17,29 |
|
|
Assets
turnover: |
2,28 |
3,23 |
2,69 |
3,96 |
|
|
Borrowing
Cost: |
11,76 |
20,42 |
10,59 |
16,12 |
|
COMPARATIVE
SECTORIAL BALANCE
|
Sector-based Comparison under the
rules of the New General Accounting Plan.
|
|
Variación - |
|
|
|
Empresa |
Sector |
|
|
Variación - |
|
|
|
Empresa |
Sector |
|
|
Variación - |
|
|
|
Empresa |
Sector |
|
News
|
|
Public
Tenders and Works Won
|
No Public Tenders assigned to the
name of the company
|
Research
Summary
|
|
The company was incorporated in 2008, engaged in the development of
enzymes for the industry. Its turnover has been increased by 6,73 % in 2013
compared to 2012. It complies with its payment obligations. |
|
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.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.