MIRA INFORM REPORT
|
Report Date : |
01.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRAY 04 S.L |
|
|
|
|
Registered Office : |
Cami De Fontsere I-Nau 6 - Masies De Roda (Les) - 08510 - Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
13.05.2005 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Preparation and spinning of textile fibres |
|
|
|
|
No. of Employee : |
Not Available |
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 : |
No complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
Spain experienced a prolonged recession in the wake of the
global financial crisis. GDP contracted by 3.7% in 2009, ending a 16-year
growth trend, and continued contracting through most of 2013. Economic growth
resumed in late 2013, albeit only modestly, as credit contraction in the
private sector, fiscal austerity, and high unemployment continued to weigh on
domestic consumption and investment. Exports, however, have been resilient
throughout the economic downturn, partially offsetting declines in domestic
consumption and helped to bring Spain's current account into surplus in 2013
for the first time since 1986. The unemployment rate rose from a low of about
8% in 2007 to more than 26% in 2013, straining Spain's public finances as
spending on social benefits increased while tax revenues fell. Spain’s budget
deficit peaked at 11.4% of GDP in 2009. Spain gradually reduced the deficit to
just under 7% of GDP in 2013, slightly above the 6.5% target negotiated between
Spain and the EU. Public debt has increased substantially – from 60.1% of GDP
in 2010 to 93.4% in 2013. Rising labor productivity, moderating labor costs,
and lower inflation have helped to improve foreign investor interest in the
economy and to reduce government borrowing costs. The government's ongoing
efforts to implement reforms - labor, pension, health, tax, and education - are
aimed at supporting investor sentiment. The government also has shored up
struggling banks exposed to Spain's depressed domestic construction and real
estate sectors by successfully completing an EU-funded restructuring and
recapitalization program in December 2013.
|
Source
: CIA |
EXECUTIVE SUMMARY
|
Name: |
BRAY 04 S.L |
|
NIF / Fiscal code: |
B63863443 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
13/05/2005 |
|
Register Data |
Register Section 8 Sheet 308401 |
|
Last Publication in BORME: |
20/06/2013 [Statutory modifications] |
|
Last Published Account Deposit: |
2013 |
|
Share Capital: |
3.006 |
|
|
|
|
Localization: |
CAMI DE FONTSERE I-NAU 6 - MASIES DE RODA (LES) - 08510 - BARCELONA |
|
Telephone - Fax - Email - Website: |
Ph.:. 938 540 456 |
|
|
|
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Activity: |
|
|
NACE: |
1310 - Preparation and spinning of textile fibres |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
No |
|
Tenders and Awards: |
0 for a total cost of 0 |
|
Subsidies: |
0 for a total cost of 0 |
|
Quality Certificate: |
No |
|
|
|
|
Defaults, Legal Claims and Insolvency Proceedings
: |
|
|
|
|
|
|
|
Number |
Amount (€) |
Most Recent
Entry |
|
Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
|
None |
--- |
--- |
|
Judicial Claims (Notices, Executive Proceedings, Attachments,
Auctions, Bad Debt) |
|
None |
0 |
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
0 |
--- |
|
Proceedings heard by the Labour Court |
|
Unpublished |
0 |
--- |
Partners:
|
Shares: |
0 |
|
|
Other Links: |
0 |
|
|
No. of Active Corporate Bodies: |
SINGLE ADMINISTRATOR 1 |
|
|
Ratios |
2013 |
2012 |
Change |
|
|
|
|
|
Guarantees: |
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources NO, Guarantees NO |
|
|
|
|
|
|
|
INVESTIGATION SUMMARY |
|
|
It is a company dedicated to the marketing of textiles. It presents a
characteristic financial position of a business firm with an acceptable
billing level even with low yields. |
|
Identification
|
Social Denomination: |
BRAY 04 S.L |
|
NIF / Fiscal code: |
B63863443 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
2005 |
|
Registered Office: |
CAMI DE FONTSERE I-NAU 6 |
|
Locality: |
MASIES DE RODA (LES) |
|
Province: |
BARCELONA |
|
Postal Code: |
08510 |
|
Telephone: |
938 540 456 |
Activity
|
NACE: |
1310 |
|
Additional Information: |
It is dedicated to the import and marketing of textiles. Despite the
efforts made it has not been possible to contact the company or person close to
it so that data and specifications have been obtained in other sources. |
|
Future Perspective: |
Consolidation |
|
Industry situation: |
Maturity |
Chronological
Summary
|
|
Year |
Act |
|
|
|
2005 |
Appointments/ Re-elections (1) Company Formation (1) |
|
|
|
2010 |
Accounts deposit (ejer. 2005, 2006, 2007, 2008, 2009) |
|
|
|
2011 |
Accounts deposit (ejer. 2010) |
|
|
|
2012 |
Accounts deposit (ejer. 2011) |
|
|
|
2013 |
Accounts deposit (ejer. 2012) Statutory Modifications (1) |
|
|
|
2014 |
Accounts deposit (ejer. 2013) |
|
Breakdown
of Owners' Equity
|
Registered Capital: |
3.006 |
|
Paid up capital: |
3.006 |
Updated Evolution of the Subscribed and Paid-in
Capital
|
Publishing Date |
Registration
Type |
Capital
Subscribed |
Paid up capital |
Underwritten
result |
Disbursed Result |
|
05/07/2005 |
Company Formation |
3.006 |
3.006 |
3.006 |
3.006 |
Active Social Bodies
|
Post published |
Social Body's
Name |
Appointment Date |
Other Positions
in this Company |
|
SINGLE ADMINISTRATOR |
COLLELL FONTSERE PERE |
05/07/2005 |
1 |
Executive
board
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
PERE COLLELL FONTSERE |
|
DIRECTOR/GENERAL MANAGER |
|
PERE COLLELL FONTSERE |
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 |
|
--- |
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|
|
|
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 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. Adequate level of financial autonomy. The financial autonomy of the
entity represents the 26.90 %. In principle, an increase in this ratio would
indicate an improvement in the corporate's balace sheets. High financial profitability. Net return from the company's main
activity performed using its own equity is high. This income return has
decreased in comparison with the previous financial year. It presents a limited operating margins. Net margin shows positive,
although adjusted, company costs management as income exceed operating
expenses. |
The current debt represents a 73.10% of the financial structure. In
principle, a decrease in this ratio would indicate an improvement in the
short-term financial situation. The company denotes a special dependence short-term financing which, a
priori, could cause problems of short-term solvency. Limited capacity to generate cash and cash equivalents through
operating income. In principle, a decrease in this ratio would indicate a
worsening in the Company´s financial situation. No Company's subsidiaries or branches are known. Although it is in a new stage of Consolidationit is part of a group
distinguished by a downturn in the market. |
TREND OF SCORING
> Latest
Scoring Changes :
|
Scoring |
Evolution |
Date |
Event |
|
|
Positive |
04/09/14 |
Updating of financial statements. |
|
Neutral |
29/08/14 |
Scoring revision by one of Axesor's expert analysts. |
|
|
Neutral |
06/03/14 |
Scoring revision by one of Axesor's expert analysts. |
|
|
Positive |
10/09/13 |
Updating of financial statements. |
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:
3.974 %
> Latest Scoring Changes:
|
Sector in which comparison is carried out: 131 Preparation and spinning of textile fibres |
|
|
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 3.974%.
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 |
|
|
|
|
|
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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 |
References
|
Turnover |
|
|
Total Sales 2013 |
3.417.502,80 |
Financial
Accounts and Balance Sheets
Financial Years Presented
|
Ejercicio |
Tipo de Cuentas
Anuales |
Fecha
Presentacion |
|
2013 |
Normales |
September 2014 |
|
2012 |
Normales |
August 2013 |
|
2011 |
Normales |
August 2012 |
|
2010 |
Normales |
August 2011 |
|
2009 |
Normales |
August 2010 |
|
2008 |
Normales |
May 2010 |
|
2007 |
Normales |
May 2010 |
|
2006 |
Normales |
May 2010 |
|
2005 |
Normales |
May 2010 |
The data in the report regarding the last Company Accounts submitted by
the company is taken from the TRADE REGISTER serving the region in which the
company's address is located 31/12/2013
> Balance en formato Pyme de acuerdo al Nuevo Plan General
Contable 2007
Information corresponding to the fiscal year
2013 2012 2011 2010 2009 is taken from information
submitted to the TRADE REGISTER. Data corresponding to fiscal years before
2013 2012 2011 2010 2009 has been compiled based on
the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions
of the Act did not establish relevant equivalence criteria using its own methodology.
To view details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
A) NON-CURRENT ASSETS: 11000 |
59.310,00 |
13.908,00 |
14.377,00 |
21.117,00 |
35.965,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
59.310,00 |
13.908,00 |
14.377,00 |
21.117,00 |
35.965,00 |
|
|
III. Real estate investment: 11300 |
0,00 |
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 |
0,00 |
|
|
V. Long-term financial investments: 11500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) CURRENT ASSETS: 12000 |
711.305,00 |
614.804,00 |
687.219,00 |
639.890,00 |
416.075,00 |
|
|
I. Stocks : 12200 |
21.560,00 |
72.365,00 |
204.557,00 |
92.126,00 |
82.940,00 |
|
|
II. Trade debtors and others receivable accounts
: 12300 |
592.455,00 |
508.183,00 |
399.169,00 |
526.729,00 |
317.398,00 |
|
|
1. Trade debtors / accounts
receivable: 12380 |
592.455,00 |
497.783,00 |
371.543,00 |
526.729,00 |
317.398,00 |
|
|
a)
Long-term receivables from sales and services supplied : 12381 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b)
Customers for sales and provisions of services : 12382 |
592.455,00 |
497.783,00 |
371.543,00 |
526.729,00 |
317.398,00 |
|
|
2. Called up share capital:
12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other accounts receivable
: 12390 |
0,00 |
10.400,00 |
27.626,00 |
0,00 |
0,00 |
|
|
III. Short-term investment in Group companies and
associates: 12400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term financial investments :
12500 |
13.455,00 |
13.455,00 |
43.237,00 |
0,00 |
0,00 |
|
|
V. Short-term accruals : 12600 |
5.149,00 |
0,00 |
4.556,00 |
4.556,00 |
0,00 |
|
|
VI. Cash and other equivalent liquid assets :
12700 |
78.686,00 |
20.801,00 |
35.700,00 |
16.479,00 |
15.737,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
770.615,00 |
628.712,00 |
701.596,00 |
661.007,00 |
452.039,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and
Net Worth |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
A) NET WORTH: 20000 |
207.308,00 |
162.220,00 |
143.131,00 |
116.035,00 |
71.429,00 |
|
|
A-1) Shareholders' equity: 21000 |
207.308,00 |
162.220,00 |
143.131,00 |
116.035,00 |
71.429,00 |
|
|
I. Capital: 21100 |
3.006,00 |
3.006,00 |
3.006,00 |
3.006,00 |
3.006,00 |
|
|
1. Registered capital :
21110 |
3.006,00 |
3.006,00 |
3.006,00 |
3.006,00 |
3.006,00 |
|
|
2. (Uncalled capital):
21120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Share premium: 21200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Reserves: 21300 |
159.214,00 |
134.758,00 |
113.029,00 |
68.423,00 |
34.579,00 |
|
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward: 21500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Other shareholders' contributions:
21600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period: 21700 |
45.088,00 |
24.457,00 |
27.096,00 |
44.605,00 |
33.845,00 |
|
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-2) Changes in net worth : 22000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-3) Received subsidies, donations and legacies: 23000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) NON-CURRENT LIABILITIES: 31000 |
0,00 |
0,00 |
0,00 |
0,00 |
348,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
0,00 |
0,00 |
0,00 |
0,00 |
348,00 |
|
|
1. Amounts owed to credit institutions:
31220 |
0,00 |
0,00 |
0,00 |
0,00 |
348,00 |
|
|
2. Creditors from financial
leasing : 31230 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other long-term creditors
: 31290 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Long-term debts with Group companies and
associates: 31300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C) CURRENT LIABILITIES : 32000 |
563.307,00 |
466.492,00 |
558.465,00 |
544.972,00 |
380.262,00 |
|
|
I. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term creditors : 32300 |
84.447,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Amounts owed to credit
institutions: 32320 |
84.447,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Creditors from financial
leasing : 32330 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other short-term
creditors : 32390 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Short-term amounts owed to group and
associated companies: 32400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Trade creditors and other accounts payable:
32500 |
478.860,00 |
466.492,00 |
558.465,00 |
544.972,00 |
380.262,00 |
|
|
1. Suppliers: 32580 |
374.063,00 |
368.502,00 |
423.915,00 |
372.700,00 |
217.076,00 |
|
|
a)
Long-term debts : 32581 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b)
Short-term debts : 32582 |
374.063,00 |
368.502,00 |
423.915,00 |
372.700,00 |
217.076,00 |
|
|
2. Other creditors:
32590 |
104.798,00 |
97.990,00 |
134.550,00 |
172.272,00 |
163.186,00 |
|
|
V. Short-term accruals : 32600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000 |
770.615,00 |
628.712,00 |
701.596,00 |
661.007,00 |
452.039,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and Loss |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
1. Net turnover: 40100 |
3.417.503,00 |
2.779.407,00 |
2.802.232,00 |
2.225.714,00 |
1.895.357,00 |
|
|
2. Changes in stocks of finished goods and work
in progress: 40200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Works carried out by the company for its
assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-3.173.985,00 |
-2.560.261,00 |
-2.564.171,00 |
-1.996.093,00 |
-1.712.085,00 |
|
|
5. Other operating income: 40500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Personnel costs: 40600 |
-60.772,00 |
-60.000,00 |
-60.000,00 |
-60.000,00 |
-49.555,00 |
|
|
7. Other operating costs: 40700 |
-97.298,00 |
-87.059,00 |
-95.445,00 |
-71.942,00 |
-81.338,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-8.540,00 |
-4.969,00 |
-6.740,00 |
-14.848,00 |
-14.762,00 |
|
|
9. Allocation of subsidies of non-financial fixed
assets and other: 40900 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of fixed
assets: 41100 |
450,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Other results : 41300 |
549,00 |
0,00 |
0,00 |
0,00 |
7.556,00 |
|
|
A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12)
: 49100 |
77.907,00 |
67.119,00 |
75.876,00 |
82.831,00 |
45.172,00 |
|
|
13. Financial income : 41400 |
57,00 |
453,00 |
191,00 |
1,00 |
9,00 |
|
|
a) Allocation of financial
subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income:
41490 |
57,00 |
453,00 |
191,00 |
1,00 |
9,00 |
|
|
14. Financial expenditure : 41500 |
-22.412,00 |
-30.909,00 |
-27.498,00 |
-14.938,00 |
-16.417,00 |
|
|
15. Changes in fair value of financial
instruments : 41600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
16. Exchange rate differences: 41700 |
4.566,00 |
-4.055,00 |
-12.441,00 |
-12.138,00 |
14.127,00 |
|
|
17. Impairment and result for transfers of
financial instruments : 41800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
18. Other financial income and expenditure:
42100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Incorporation of
financial expenditure to assets: 42110 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Financial income from
arrangement with creditors: 42120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Other income and
expenditure: 42130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200 |
-17.790,00 |
-34.510,00 |
-39.748,00 |
-27.074,00 |
-2.281,00 |
|
|
C) NET RESULT BEFORE TAXES ( A + B ) : 49300 |
60.117,00 |
32.609,00 |
36.128,00 |
55.757,00 |
42.892,00 |
|
|
19. Income taxes : 41900 |
-15.029,00 |
-8.152,00 |
-9.032,00 |
-11.151,00 |
-9.047,00 |
|
|
D) RESULT OF THE PERIOD ( C + 19 ) : 49500 |
45.088,00 |
24.457,00 |
27.096,00 |
44.605,00 |
33.845,00 |
|
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 |
2009 |
|
|
1. Fiscal year result before taxes.: 61100 |
60.117,00 |
32.609,00 |
36.128,00 |
55.757,00 |
42.892,00 |
|
|
2. Results adjustments.: 61200 |
30.895,00 |
35.424,00 |
34.046,00 |
29.784,00 |
31.170,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
8.540,00 |
4.969,00 |
6.740,00 |
14.848,00 |
14.762,00 |
|
|
g) Financial income (-).: 61207 |
-57,00 |
-453,00 |
-191,00 |
-1,00 |
-9,00 |
|
|
h) Financial Expenses (+). : 61208 |
22.412,00 |
30.909,00 |
27.498,00 |
14.938,00 |
16.417,00 |
|
|
3. Changes in current capital equity.: 61300 |
-41.277,00 |
-42.610,00 |
-23.647,00 |
-69.514,00 |
83.945,00 |
|
|
a) Stock (+/-).: 61301 |
50.805,00 |
132.192,00 |
-112.431,00 |
-9.186,00 |
-20.213,00 |
|
|
d) Debtors and other accounts receivable (+/-). :
61302 |
-84.272,00 |
-109.014,00 |
127.561,00 |
-209.331,00 |
-235.697,00 |
|
|
c) Other current assets (+/-). : 61303 |
-5.149,00 |
34.338,00 |
-43.237,00 |
-4.556,00 |
0,00 |
|
|
d) Creditors and other accounts payable (+/-). :
61304 |
-2.661,00 |
-100.126,00 |
4.461,00 |
153.559,00 |
339.855,00 |
|
|
4. Other cash flows for operating activities.: 61400 |
-22.355,00 |
-30.456,00 |
-27.306,00 |
-14.937,00 |
-16.408,00 |
|
|
a) Interest payments (-). : 61401 |
-22.412,00 |
-30.909,00 |
-27.498,00 |
-14.938,00 |
-16.417,00 |
|
|
c) Interest collection (+). : 61403 |
57,00 |
453,00 |
191,00 |
1,00 |
9,00 |
|
|
5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
27.380,00 |
-5.032,00 |
19.222,00 |
1.090,00 |
141.599,00 |
|
|
6. Payments for investment (-).: 62100 |
-45.402,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Fixed assets. : 62103 |
-45.402,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
7. Divestment payment collection (+). : 62200 |
0,00 |
469,00 |
6.740,00 |
14.848,00 |
14.404,00 |
|
|
c) Fixed assets. : 62203 |
0,00 |
469,00 |
6.740,00 |
14.848,00 |
14.404,00 |
|
|
8. Investment activity cash flows (6 + 7) minus Amortization:
62300 |
-53.942,00 |
-4.500,00 |
0,00 |
0,00 |
-359,00 |
|
|
9. Payment collection and payments for equity instruments. :
63100 |
0,00 |
-5.367,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Amortization of assets instruments (-). :
63102 |
0,00 |
-5.367,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Payment collection and payments for financial liabilities
instruments.: 63200 |
84.447,00 |
0,00 |
0,00 |
-348,00 |
-139.335,00 |
|
|
a) Issuance : 63201 |
84.447,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Debts incurred with credit institutions (+). :
63203 |
84.447,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Repayment and amortization of : 63207 |
0,00 |
0,00 |
0,00 |
-348,00 |
-139.335,00 |
|
|
2. Debts incurred with credit institutions (-).:
63209 |
0,00 |
0,00 |
0,00 |
0,00 |
-32.871,00 |
|
|
5. Other debts (-). : 63212 |
0,00 |
0,00 |
0,00 |
-348,00 |
-106.464,00 |
|
|
11. Payments from dividends and remunerations from other assets
instruments. : 63300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Cash flows for financing activities (9+10+11).: 63400 |
84.447,00 |
-5.367,00 |
0,00 |
-348,00 |
-139.335,00 |
|
|
D) EFFECT OF EXCHANGE RATE CHANGES: 64000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS
(+/-5+/-8+/12+/-D) : 65000 |
57.885,00 |
-14.899,00 |
19.222,00 |
742,00 |
1.905,00 |
|
|
Cash or equivalent assets as of beginning of the
fiscal year.: 65100 |
20.801,00 |
35.700,00 |
16.479,00 |
15.737,00 |
13.831,00 |
|
|
Cash or equivalent assets as of end of the fiscal
year.: 65200 |
78.686,00 |
20.801,00 |
35.700,00 |
16.479,00 |
15.737,00 |
|
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: |
0,02 % |
0,01 % |
-0,01 % |
0,00 % |
415,95 % |
|
|
|
EBITDA over Sales: |
2,50 % |
4,39 % |
2,59 % |
2,62 % |
-3,60 % |
67,31 % |
|
|
Cash Flow Yield: |
0,08 % |
0,00 % |
-0,02 % |
0,00 % |
416,97 % |
|
|
|
Profitability |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
10,22 % |
1,65 % |
10,91 % |
0,95 % |
-6,35 % |
72,81 % |
|
|
Total economic profitability: |
10,71 % |
1,50 % |
10,10 % |
1,35 % |
6,00 % |
10,79 % |
|
|
Financial profitability: |
21,75 % |
0,05 % |
15,08 % |
-0,34 % |
44,26 % |
115,94 % |
|
|
Margin: |
2,26 % |
1,71 % |
2,41 % |
1,06 % |
-6,27 % |
60,84 % |
|
|
Mark-up: |
1,74 % |
0,24 % |
1,17 % |
-0,22 % |
48,57 % |
204,93 % |
|
|
Solvency |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,14 |
0,26 |
0,04 |
0,23 |
213,27 |
10,76 |
|
|
Acid Test: |
1,22 |
1,10 |
1,16 |
1,07 |
4,52 |
2,47 |
|
|
Working Capital / Investment: |
0,19 |
0,21 |
0,24 |
0,21 |
-18,59 |
-3,82 |
|
|
Solvency: |
1,26 |
1,76 |
1,32 |
1,79 |
-4,19 |
-2,16 |
|
|
Indebtedness |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
2,72 |
1,03 |
2,88 |
1,08 |
-5,51 |
-4,41 |
|
|
Borrowing Composition: |
0,00 |
0,73 |
0,00 |
0,80 |
|
-8,29 |
|
|
Repayment Ability: |
9,73 |
103,97 |
-31,31 |
-1.451,83 |
131,08 |
107,16 |
|
|
Warranty: |
1,37 |
1,98 |
1,35 |
1,93 |
1,50 |
2,20 |
|
|
Generated resources / Total creditors: |
0,10 |
0,06 |
0,06 |
0,04 |
50,93 |
25,42 |
|
|
Efficiency |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
2,41 |
1,20 |
2,20 |
1,11 |
9,29 |
8,39 |
|
|
Turnover of Collection Rights : |
5,77 |
4,36 |
5,47 |
4,25 |
5,47 |
2,73 |
|
|
Turnover of Payment Entitlements: |
6,83 |
2,92 |
5,67 |
2,76 |
20,38 |
6,00 |
|
|
Stock rotation: |
154,94 |
4,21 |
37,48 |
3,66 |
313,40 |
14,90 |
|
|
Assets turnover: |
4,51 |
0,96 |
4,52 |
0,90 |
-0,09 |
7,44 |
|
|
Borrowing Cost: |
3,98 |
2,14 |
6,63 |
2,43 |
-39,95 |
-11,83 |
|
> Trend of indicators under the General Accounting Plan of 2007
(2013, 2012, 2011, 2010, 2009)
|
Cash Flow |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
Cash Flow over Sales: |
0,02 % |
-0,01 % |
0,01 % |
0,03 % |
0,10 % |
|
|
EBITDA over Sales: |
2,50 % |
2,59 % |
2,95 % |
4,39 % |
2,76 % |
|
|
Cash Flow Yield: |
0,08 % |
-0,02 % |
0,03 % |
0,11 % |
0,42 % |
|
|
Profitability |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
Operating economic profitability: |
10,22 % |
10,91 % |
11,52 % |
12,53 % |
8,32 % |
|
|
Total economic profitability: |
10,71 % |
10,10 % |
9,07 % |
10,69 % |
13,12 % |
|
|
Financial profitability: |
21,75 % |
15,08 % |
18,93 % |
38,44 % |
47,38 % |
|
|
Margin: |
2,26 % |
2,41 % |
2,71 % |
3,72 % |
1,98 % |
|
|
Mark-up: |
1,74 % |
1,17 % |
1,29 % |
2,51 % |
1,86 % |
|
|
Solvency |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
Liquidity: |
0,14 |
0,04 |
0,06 |
0,03 |
0,04 |
|
|
Acid Test: |
1,22 |
1,16 |
0,86 |
1,00 |
0,88 |
|
|
Working Capital / Investment: |
0,19 |
0,24 |
0,18 |
0,14 |
0,08 |
|
|
Solvency: |
1,26 |
1,32 |
1,23 |
1,17 |
1,09 |
|
|
Indebtedness |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
Indebtedness level: |
2,72 |
2,88 |
3,90 |
4,70 |
5,33 |
|
|
Borrowing Composition: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
Repayment Ability: |
9,73 |
-31,31 |
29,05 |
6,37 |
5,14 |
|
|
Warranty: |
1,37 |
1,35 |
1,26 |
1,21 |
1,19 |
|
|
Generated resources / Total creditors: |
0,10 |
0,06 |
0,06 |
0,11 |
0,13 |
|
|
Efficiency |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
Productivity: |
2,41 |
2,20 |
2,38 |
2,63 |
2,06 |
|
|
Turnover of Collection Rights : |
5,77 |
5,47 |
7,02 |
4,23 |
5,97 |
|
|
Turnover of Payment Entitlements: |
6,83 |
5,67 |
4,76 |
3,79 |
4,72 |
|
|
Stock rotation: |
154,94 |
37,48 |
13,33 |
23,26 |
22,40 |
|
|
Assets turnover: |
4,51 |
4,52 |
4,26 |
3,37 |
4,19 |
|
|
Borrowing Cost: |
3,98 |
6,63 |
4,92 |
2,74 |
4,31 |
|
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
It is a company dedicated to the marketing of textiles. It presents a
characteristic financial position of a business firm with an acceptable billing
level even with low yields.
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.63.33 |
|
|
1 |
Rs.98.58 |
|
Euro |
1 |
Rs.77.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.