MIRA INFORM REPORT

Report No. :	330463
Report Date :	04.07.2015

IDENTIFICATION DETAILS

Name :	DISTRIBUCIONES MIMON SIDI SOCIEDAD LIMITADA

Registered Office :	C/ Dique Sur, 17 Loc-10 - Melilla - 52006 - Melilla

Country :	Spain

Financials (as on) :	31.12.2013

Date of Incorporation :	07.06.2006

Legal Form :	Private Company

Line of Business :	Non-Specialised Wholesale of Food, Beverages and Tobacco.

No. of Employees :	3

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Spain

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 briefly 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 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 2010. 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. 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 January 2014. Recently increased private consumption helped bring real GDP growth back into positive territory at 1.3% in 2014, and labor reforms prompted a modest reduction in the unemployment rate, from more than 26% in 2013 to 24% in 2014. Despite the uptic in economic activity, inflation dropped sharply, from 1.5% in 2013 to flat in 2014. Spain’s 2015 budget, published in September 2014, rolls back some recently imposed taxes in advance of national elections in November 2015 and leaves untouched the country’s value-added tax (VAT) regime, which generates significantly lower revenue than the EU average. Spain’s borrowing costs are dramatically lower since their peak in mid-2012.

Source : CIA

EXECUTIVE SUMMARY

Name:

DISTRIBUCIONES MIMON SIDI SOCIEDAD LIMITADA

NIF / Fiscal code:

B52015559

Status:

ACTIVE

Incorporation Date:

07/06/2006

Register Data

Last Publication in BORME:

21/09/2011 [Annual accounts' deposit]

Last Published Account Deposit:

2013

Share Capital:

3.006

Localization:

C/ DIQUE SUR, 17 LOC-10 - MELILLA - 52006 - MELILLA

Telephone - Fax - Email - Website:

Telephone. 952 676 965 Email. dismimsidi@hotmail.com

Activity:

NACE:

4639 - Non-specialised wholesale of food, beverages and tobacco

Registered Trademarks:

Audited / Opinion:

Tenders and Awards:

0 for a total cost of 0

Subsidies:

0 for a total cost of 0

Quality Certificate:

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)

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Partners:

MOHAMED MOHAMED MIMON

100 %

Identification

Social Denomination:

DISTRIBUCIONES MIMON SIDI SOCIEDAD LIMITADA

NIF / Fiscal code:

B52015559

Corporate Status:

ACTIVE

Start of activity:

2006

Registered Office:

C/ DIQUE SUR, 17 LOC-10

Locality:

MELILLA

Province:

MELILLA

Postal Code:

52006

Telephone:

952 676 965

Fax:

952 674 670

Email:

dismimsidi@hotmail.com

Interviewed Person:

Administración

Activity

NACE:

4639

Additional Information:

WHOLESALE OF FOOD AND DRINK PRODUCTS. The registered office, offices and other branches are indicated in the headline of this document. The company did not change of address but the street name changed from Avda. Europa 73 Nave-14 to C / Dique Sur, 17 Loc-10.

Franchise:

Import / export:

IMPORTS / EXPORTS

Future Perspective:

Consolidation

Industry situation:

Maturity

Number of Employees

Year

No. of employees

Established

Incidentals

2015

Chronological Summary

Year

Act

2006

Appointments/ Re-elections (1) Company Formation (1) Declaration of Sole Propietorship (1)

2007

Accounts deposit (ejer. 2006)

2008

Accounts deposit (ejer. 2007)

2009

Accounts deposit (ejer. 2008)

2010

Accounts deposit (ejer. 2009)

2011

Accounts deposit (ejer. 2010)

2012

Accounts deposit (ejer. 2011)

2013

Accounts deposit (ejer. 2012)

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

22/06/2006

Company Formation

3.006

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

SINGLE PARTNER

MOHAMED MOHAMED MIMON

22/06/2006

SINGLE ADMINISTRATOR

MOHAMED MOHAMED MIMON

22/06/2006

Executive board

Post

NIF

Name

ADMINISTRATOR

MOHAMED MOHAMED MIMON

DIRECTOR/GENERAL MANAGER

MOHAMED MOHAMED MIMON

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 ).

Chronological summary

Number of Publications

Amount (_)

Start date

End date

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Request/Declaration

---

date

Proceedings

---

Resolution

---

Defaults on debt with Financial Institutions and Large Companies

Bank and Commercial Delinquency

None

Status: Friendly

---

Status: Pre-Litigation

---

Status: Litigation

---

Status: Non-performing

---

Status: insolvency proceedings, bankruptcy and suspension of payments

---

Other status

---

Legal and Administrative Proceedings

---

10/06/2010

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 irregular payment performance has been detected based on information obtained from credit bureaus.

DISTRIBUCIONES MIMON SIDI SOCIEDAD LIMITADA obtains economic profitability from the necessary investments in the development of its activity in comparison with its assets.

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.

Positive Working CapitalThe Company's Working Capital quality is significant, i.e. much of the Company financing comes from its equity. A structure is considered optimal if its liquidity level is slightly above its debt volume as a result of low idleness levels of its financial resources involved.

Adequate turnover of the current assets. The company shows an efficient use of current assets by having good capacity to generate incomes based on the dedicated assets available for sale.

DISTRIBUCIONES MIMON SIDI SOCIEDAD LIMITADA it presents an excessive indebtedness that may compromise their balance sheet.

The current debt represents a 71.02% 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.

Probability of default

> Estimated Probability of Default for the next 12 months: 2.635 %

> Latest Scoring Changes:

Sector in which comparison is carried out:

463 Wholesale of food, beverages and tobacco

Relative Position:

Credit quality is superior to that of other companies in the same sector.

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 58.00% of the companies of the sector DISTRIBUCIONES MIMON SIDI SOCIEDAD LIMITADA 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 2.635%.

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

PROCEDURES OF CONTEST, BANKRUPTCY AND BANKRUPTCY PROTECTION

Legal Proceedings (Bankruptcy Law 22/2003)

No se han publicado

Quiebras y Suspensiones de Pagos (anterior legislación concursal)

No se han publicado

INCIDENCES WITH THE PUBLIC ADMINISTRATIONS

Incidences with the Tax Agency

1 Incidence for a total cost of 0,00 E

Incidences with the Social Security

No se han publicado

Incidences with the Autonomous Administration

No se han publicado

Incidences with the Local Administration

No se han publicado

PROCEDURES BEFORE COURTS OF CIVIL MATTERS

Procedures by the Civil Procedural Law 1/2000

No se han publicado

Proceedings by the old Civil Procedural Law 1.881

No se han publicado

PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL

Procedimientos ante Juzgados de lo Social

No se han publicado

Incidences Detailed

Incidences with the Tax Agency

BY THE GOVERNMENT TAX AGENCY DE MADRID - Date 10/06/2010

Last Published Stage:

EXECUTION NOTIFICATION

Record Number:

1099052870400

Amount of the incidence:

0,00 E

Requested by:

HACIENDA PUBLICA

Published domicile:

(DESCONOCIDA)

Source:

B.O.E. Nº148, 2010 PAGINA 71173

Guarantees

References

Suppliers

Name

NIF

Telephone

MONTALBÁN

Link List

SHAREHOLDERS:

1 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

MOHAMED MOHAMED MIMON

100

Turnover

Total Sales 2013

12.564.094,76

Estimated Balance

According to the Trade Register, the company doubled its sales in 2013 en comparison with the previous year. Given the above and not knowing its accounting developments, we are not able to show the corresponding figures up to date of December 2014.

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2013

Normales

September 2014

2012

Normales

September 2013

2011

Normales

October 2012

2010

Normales

August 2011

2009

Normales

August 2010

2008

Normales

August 2009

2007

Normales

November 2008

2006

Normales

July 2007

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 2009 2008 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2013 2012 2009 2008 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. To view details on the methodology.

ORIGINAL

Assets

2013

2012

2009

2008

A) NON-CURRENT ASSETS: 11000

724.059,00

737.251,00

172.716,00

176.032,00

I. Intangible fixed assets : 11100

0,00

II. Tangible fixed assets : 11200

724.059,00

737.251,00

172.716,00

176.032,00

III. Real estate investment: 11300

0,00

IV. Long-term investments in Group companies and associates : 11400

0,00

V. Long-term financial investments: 11500

0,00

VI. Assets for deferred tax : 11600

0,00

VII. Non-current trade debtors : 11700

0,00

B) CURRENT ASSETS: 12000

2.095.154,00

1.494.525,00

978.713,00

47.917,00

I. Stocks : 12200

1.356.592,00

816.731,00

965.316,00

35.899,00

II. Trade debtors and others receivable accounts : 12300

22.546,00

-54,00

0,00

1. Trade debtors / accounts receivable: 12380

22.600,00

0,00

a) Long-term receivables from sales and services supplied : 12381

0,00

b) Customers for sales and provisions of services : 12382

22.600,00

0,00

2. Called up share capital: 12370

0,00

3. Other accounts receivable : 12390

-54,00

0,00

III. Short-term investment in Group companies and associates: 12400

0,00

IV. Short-term financial investments : 12500

473.611,00

461.387,00

0,00

V. Short-term accruals : 12600

0,00

VI. Cash and other equivalent liquid assets : 12700

242.405,00

216.461,00

13.397,00

12.017,00

TOTAL ASSETS (A + B) : 10000

2.819.213,00

2.231.776,00

1.151.429,00

223.949,00

ORIGINAL

Liabilities and Net Worth

2013

2012

2009

2008

A) NET WORTH: 20000

366.817,00

255.419,00

42.325,00

-2.518,00

A-1) Shareholders' equity: 21000

366.817,00

255.419,00

42.325,00

-2.518,00

I. Capital: 21100

3.006,00

1. Registered capital : 21110

3.006,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

0,00

IV. (Common stock equity): 21400

0,00

V. Profit or loss brought forward: 21500

252.413,00

182.291,00

-5.524,00

-19.054,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

111.399,00

70.122,00

44.842,00

13.530,00

VIII. (Interim dividend): 21800

0,00

A-2) Changes in net worth : 22000

0,00

A-3) Received subsidies, donations and legacies: 23000

0,00

B) NON-CURRENT LIABILITIES: 31000

450.291,00

499.739,00

172.209,00

87.721,00

I. Long-term provisions: 31100

0,00

II. Long-term creditors : 31200

450.291,00

499.739,00

172.209,00

87.721,00

1. Amounts owed to credit institutions: 31220

450.291,00

499.739,00

172.209,00

87.721,00

2. Creditors from financial leasing : 31230

0,00

3. Other long-term creditors : 31290

0,00

III. Long-term debts with Group companies and associates: 31300

0,00

IV. Liabilities for deferred tax: 31400

0,00

V. Long-term accruals: 31500

0,00

VI. Non-current trade creditors : 31600

0,00

VII. Special long-term debts : 31700

0,00

C) CURRENT LIABILITIES : 32000

2.002.105,00

1.476.618,00

936.895,00

138.747,00

I. Short-term provisions: 32200

0,00

II. Short-term creditors : 32300

-675.971,00

-682.155,00

-123.201,00

34.999,00

1. Amounts owed to credit institutions: 32320

0,00

2. Creditors from financial leasing : 32330

0,00

3. Other short-term creditors : 32390

-675.971,00

-682.155,00

-123.201,00

34.999,00

III. Short-term amounts owed to group and associated companies: 32400

0,00

IV. Trade creditors and other accounts payable: 32500

2.678.076,00

2.158.773,00

1.060.097,00

103.747,00

1. Suppliers: 32580

2.638.910,00

2.122.519,00

1.035.820,00

103.747,00

a) Long-term debts : 32581

0,00

b) Short-term debts : 32582

2.638.910,00

2.122.519,00

1.035.820,00

103.747,00

2. Other creditors: 32590

39.166,00

36.254,00

24.277,00

0,00

V. Short-term accruals : 32600

0,00

VI. Special short-term debts : 32700

0,00

TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000

2.819.213,00

2.231.776,00

1.151.429,00

223.949,00

ORIGINAL

Profit and Loss

2013

2012

2009

2008

1. Net turnover: 40100

12.564.095,00

6.685.542,00

1.686.605,00

547.657,00

2. Changes in stocks of finished goods and work in progress: 40200

0,00

3. Works carried out by the company for its assets: 40300

0,00

4. Supplies : 40400

-12.144.197,00

-6.462.107,00

-1.593.215,00

-516.760,00

5. Other operating income: 40500

0,00

6. Personnel costs: 40600

-82.613,00

-12.989,00

0,00

-2.054,00

7. Other operating costs: 40700

-96.356,00

-64.605,00

-20.204,00

-1.448,00

8. Amortisation of fixed assets: 40800

-13.192,00

-6.842,00

-3.316,00

9. Allocation of subsidies of non-financial fixed assets and other: 40900

0,00

10. Excess provisions : 41000

0,00

11. Impairment and result of transfers of fixed assets: 41100

0,00

12. Other results : 41300

-100,00

-729,00

0,00

179,00

A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) : 49100

227.637,00

138.269,00

69.869,00

24.258,00

13. Financial income : 41400

407,00

0,00

a) Allocation of financial subsidies, donations and legacies: 41430

0,00

b) Other financial income: 41490

407,00

0,00

14. Financial expenditure : 41500

-98.248,00

-46.468,00

-19.410,00

-10.729,00

15. Changes in fair value of financial instruments : 41600

0,00

16. Exchange rate differences: 41700

-2.424,00

-11.558,00

0,00

17. Impairment and result for transfers of financial instruments : 41800

0,00

18. Other financial income and expenditure: 42100

0,00

a) Incorporation of financial expenditure to assets: 42110

0,00

b) Financial income from arrangement with creditors: 42120

0,00

c) Other income and expenditure: 42130

0,00

B) FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200

-100.266,00

-58.026,00

-19.410,00

-10.729,00

C) NET RESULT BEFORE TAXES ( A + B ) : 49300

127.371,00

80.243,00

50.459,00

13.530,00

19. Income taxes : 41900

-15.972,00

-10.122,00

-5.617,00

0,00

D) RESULT OF THE PERIOD ( C + 19 ) : 49500

111.399,00

70.122,00

44.842,00

13.530,00

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

2009

2008

1. Fiscal year result before taxes.: 61100

127.371,00

80.243,00

50.459,00

13.530,00

2. Results adjustments.: 61200

111.033,00

53.311,00

22.726,00

14.045,00

a) Fixed Assets Amortization (+).: 61201

13.192,00

6.842,00

3.316,00

g) Financial income (-).: 61207

-407,00

0,00

h) Financial Expenses (+). : 61208

98.248,00

46.468,00

19.410,00

10.729,00

3. Changes in current capital equity.: 61300

-71.354,00

870.587,00

21.316,00

67.848,00

a) Stock (+/-).: 61301

-539.861,00

-816.731,00

-929.416,00

-35.899,00

d) Debtors and other accounts receivable (+/-). : 61302

-22.600,00

54,00

0,00

c) Other current assets (+/-). : 61303

-12.223,00

-461.387,00

0,00

d) Creditors and other accounts payable (+/-). : 61304

503.331,00

2.148.651,00

950.732,00

103.747,00

4. Other cash flows for operating activities.: 61400

-97.842,00

-46.468,00

-19.410,00

-10.729,00

a) Interest payments (-). : 61401

-98.248,00

-46.468,00

-19.410,00

-10.729,00

c) Interest collection (+). : 61403

407,00

0,00

5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500

69.209,00

957.672,00

75.092,00

84.694,00

6. Payments for investment (-).: 62100

0,00

-737.251,00

0,00

-176.032,00

c) Fixed assets. : 62103

0,00

-737.251,00

0,00

-176.032,00

7. Divestment payment collection (+). : 62200

13.192,00

0,00

3.316,00

0,00

c) Fixed assets. : 62203

13.192,00

0,00

3.316,00

0,00

8. Investment activity cash flows (6 + 7) minus Amortization: 62300

0,00

-744.093,00

0,00

-179.349,00

9. Payment collection and payments for equity instruments. : 63100

0,00

185.297,00

0,00

-16.048,00

a) Issuance of equity instruments (+). : 63101

0,00

185.297,00

0,00

b) Amortization of assets instruments (-). : 63102

0,00

-16.048,00

10. Payment collection and payments for financial liabilities instruments.: 63200

-43.265,00

-182.416,00

-73.712,00

122.720,00

a) Issuance : 63201

6.184,00

499.739,00

84.489,00

122.720,00

2. Debts incurred with credit institutions (+). : 63203

0,00

499.739,00

84.489,00

87.721,00

5. Other debts (+). : 63206

6.184,00

0,00

34.999,00

b) Repayment and amortization of : 63207

-49.449,00

-682.155,00

-158.201,00

0,00

2. Debts incurred with credit institutions (-).: 63209

-49.449,00

0,00

5. Other debts (-). : 63212

0,00

-682.155,00

-158.201,00

0,00

11. Payments from dividends and remunerations from other assets instruments. : 63300

0,00

12. Cash flows for financing activities (9+10+11).: 63400

-43.265,00

2.882,00

-73.712,00

106.672,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS (+/-5+/-8+/12+/-D) : 65000

25.944,00

216.461,00

1.380,00

12.017,00

Cash or equivalent assets as of beginning of the fiscal year.: 65100

216.461,00

0,00

12.017,00

0,00

Cash or equivalent assets as of end of the fiscal year.: 65200

242.405,00

216.461,00

13.397,00

12.017,00

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:

0,00 %

0,01 %

0,03 %

0,00 %

-93,62 %

EBITDA over Sales:

1,92 %

4,39 %

2,18 %

2,62 %

-12,09 %

67,31 %

Cash Flow Yield:

0,01 %

0,00 %

0,10 %

0,00 %

-90,51 %

Profitability

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

9,71 %

1,65 %

7,85 %

0,95 %

23,66 %

72,81 %

Total economic profitability:

8,00 %

1,50 %

5,68 %

1,35 %

40,96 %

10,79 %

Financial profitability:

30,37 %

0,05 %

27,45 %

-0,34 %

10,62 %

115,94 %

Margin:

1,81 %

1,71 %

2,08 %

1,06 %

-12,82 %

60,84 %

Mark-up:

1,01 %

0,24 %

1,21 %

-0,22 %

-16,23 %

204,93 %

Solvency

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,12

0,26

0,15

0,23

-17,41

10,76

Acid Test:

0,37

1,10

0,46

1,07

-19,63

2,47

Working Capital / Investment:

0,03

0,21

0,01

0,21

311,33

-3,82

Solvency:

1,05

1,76

1,01

1,79

3,39

-2,16

Indebtedness

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

6,69

1,03

7,74

1,08

-13,60

-4,41

Borrowing Composition:

0,22

0,73

0,34

0,80

-33,54

-8,29

Repayment Ability:

94,53

103,97

9,13

-1.451,83

935,30

107,16

Warranty:

1,15

1,98

1,13

1,93

1,80

2,20

Generated resources / Total creditors:

0,05

0,06

0,04

30,46

25,42

Efficiency

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

3,92

1,20

12,23

1,11

-67,97

8,39

Turnover of Collection Rights :

557,26

4,36

-124.105,10

4,25

100,45

2,73

Turnover of Payment Entitlements:

4,57

2,92

3,02

2,76

51,18

6,00

Stock rotation:

9,09

4,21

8,02

3,66

13,45

14,90

Assets turnover:

5,36

0,96

3,78

0,90

41,84

7,44

Borrowing Cost:

4,01

2,14

2,35

2,43

70,39

-11,83

> Trend of indicators under the General Accounting Plan of 2007 (2013, 2012, 2009, 2008)

Cash Flow

2013

2012

2009

2008

Cash Flow over Sales:

0,00 %

0,03 %

0,08 %

2,19 %

EBITDA over Sales:

1,92 %

2,18 %

4,34 %

5,00 %

Cash Flow Yield:

0,01 %

0,10 %

0,12 %

5,37 %

Profitability

2013

2012

2009

2008

Operating economic profitability:

9,71 %

7,85 %

6,07 %

10,75 %

Total economic profitability:

8,00 %

5,68 %

6,07 %

10,83 %

Financial profitability:

30,37 %

27,45 %

105,95 %

-537,34 %

Margin:

1,81 %

2,08 %

4,14 %

4,40 %

Mark-up:

1,01 %

1,21 %

2,99 %

2,44 %

Solvency

2013

2012

2009

2008

Liquidity:

0,12

0,15

0,01

0,09

Acid Test:

0,37

0,46

0,01

0,09

Working Capital / Investment:

0,03

0,01

0,04

-0,41

Solvency:

1,05

1,01

1,04

0,35

Indebtedness

2013

2012

2009

2008

Indebtedness level:

6,69

7,74

26,20

-89,94

Borrowing Composition:

0,22

0,34

0,18

0,63

Repayment Ability:

94,53

9,13

15,15

8,21

Warranty:

1,15

1,13

1,04

0,99

Generated resources / Total creditors:

0,05

0,04

0,07

Efficiency

2013

2012

2009

2008

Productivity:

3,92

12,23

14,34

Turnover of Collection Rights :

557,26

-124.105,10

12.973.882,62

4.212.747,69

Turnover of Payment Entitlements:

4,57

3,02

1,52

4,99

Stock rotation:

9,09

8,02

1,67

14,58

Assets turnover:

5,36

3,78

1,46

2,45

Borrowing Cost:

4,01

2,35

1,75

4,74

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

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.63.40
UK Pound	1	Rs.98.94
Euro	1	Rs.70.33

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	ASH

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

EXECUTIVE SUMMARY

Identification

Activity

Number of Employees

Chronological Summary

Breakdown of Owners' Equity

Updated Evolution of the Subscribed and Paid-in Capital

Active Social Bodies

Executive board

Defaults, Legal Claims and Insolvency Proceedings

Probability of default

LEGAL CLAIMS

Guarantees

Link List

Turnover

Estimated Balance

Financial Accounts and Balance Sheets

CASHFLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

Public Tenders and Works Won

Research Summary

Sources

Unit