MIRA INFORM REPORT
|
Report No. : |
330345 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
HILADOS JOANGUI SL |
|
|
|
|
Registered Office : |
Pol. Cotes Baixes C/A 15 - Alcoi - 03804 – Alicante Alcoi Alicante
03804 |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
01.10.2007 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of textiles |
|
|
|
|
No. of Employee : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Spain |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
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: |
HILADOS JOANGUI SL |
|
NIF / Fiscal code: |
B54280953 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
01/10/2007 |
|
Register Data |
Register Section 8 Sheet 109863 |
|
Last Publication in BORME: |
28/08/2014 [Increase of Capital] |
|
Last Published Account Deposit: |
2013 |
|
Share Capital: |
212.000 |
|
|
|
|
Localization: |
POL. COTES BAIXES C/A 15 - ALCOI - 03804 - ALICANTE |
|
Telephone - Fax - Email - Website: |
Telephone. 965 592 879 Email. admin@hiladosjoangui.com Website. www.hiladosjoangui.com |
|
|
|
|
Activity: |
|
|
NACE: |
4641 - Wholesale of textiles |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
No |
|
Tenders and Awards: |
|
|
Subsidies: |
0 for a total cost of 0 |
|
Quality Certificate: |
No |
|
|
|
|
Prospects: |
Consolidation |
|
Industry situation: |
Maturity |
|
|
|
|
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: |
JOINT MANAGER 2 |
|
|
Ratios |
2013 |
2012 |
Change |
|
|
|
|
|
Guarantees: |
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources NO, Guarantees NO |
INVESTIGATION
SUMMARY
|
It is a firm founded in 2007, dedicated to the import and sale of
spinning for the textile industry. It operates nationally and
internationally. The consulted sources appear nothing against it. In light of
the above we believe that the company is appropriate for operations relating
to risk in consideration with its size. |
|
|
Interviewed Person: |
|
Enquiry Details
|
IDENTIFICATION |
|
|
Social Denomination: |
HILADOS JOANGUI SL |
|
NIF / Fiscal code: |
B54280953 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
2007 |
|
Registered Office: |
POL. COTES BAIXES C/A 15 |
|
Locality: |
ALCOI |
|
Province: |
ALICANTE |
|
Postal Code: |
03804 |
|
Telephone: |
965 592 879 |
|
Website: |
|
|
Email: |
admin@hiladosjoangui.com |
|
Interviewed Person: |
Sr.: Carlos Blanquer |
Activity
|
NACE: |
4641 |
|
Legal Form: |
MANUFACTURING, DISTRIBUTION, IMPORT, EXPORT AND MARKETING OF SPIN,
WARP, TEXTIL WEAVE AND PRODUCTS AND TEXTIL RAW MATERIALS. |
|
Additional Information: |
IMPORT AND SALE OF THREAD FOR WEAVING, WARPS OR WEAVES. |
|
Additional Address: |
Offices and departments are located in the head address. |
|
Franchise: |
No |
|
Import / export: |
IMPORTS / EXPORTS |
|
Future Perspective: |
Consolidation |
|
Industry situation: |
Maturity |
Number of Employees
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
|
2015 |
2 |
|
|
|
The data of employees is from the latest available financial statements.
Failing that, are estimates data calculated by statistical methods
Chronological Summary
|
|
Year |
Act |
|
|
|
2007 |
Appointments/ Re-elections (1) Company Formation (1) |
|
|
|
2008 |
Accounts deposit (year 2007) |
|
|
|
2009 |
Accounts deposit (year 2008) |
|
|
|
2010 |
Accounts deposit (year 2009) |
|
|
|
2011 |
Accounts deposit (year 2010) |
|
|
|
2012 |
Accounts deposit (year 2011) Appointments/ Re-elections (1)
Cessations/ Resignations/ Reversals (1) Statutory Modifications (1) |
|
|
|
2013 |
Accounts deposit (year 2012) |
|
|
|
2014 |
Accounts deposit (year 2013) Increase of Capital (1) |
|
Breakdown
of Owners' Equity
|
Registered Capital: |
212.000 |
|
Paid up capital: |
212.000 |
Updated Evolution of the Subscribed and Paid-in
Capital
|
Publishing Date |
Registration
Type |
Capital
Subscribed |
Paid up capital |
Underwritten
result |
Disbursed Result |
|
04/12/2007 |
Company Formation |
12.000 |
12.000 |
12.000 |
12.000 |
|
20/08/2014 |
Increase of Capital |
200.000 |
200.000 |
212.000 |
212.000 |
Active
Social Bodies
|
Post published |
Social Body's
Name |
Appointment Date |
Other Positions
in this Company |
|
JOINT MANAGER |
RICHART LUCAS JUAN MANUEL |
29/03/2012 |
2 |
|
|
RAJO AMADOR ISIDRO |
29/03/2012 |
2 |
Historical
Social Bodies
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
RAJO AMADOR ISIDRO |
JOINT ADMINISTRATOR |
29/03/2012 |
2 |
|
RICHART LUCAS JUAN MANUEL |
JOINT ADMINISTRATOR |
29/03/2012 |
2 |
Executive
board
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
ISIDRO RAJO AMADOR |
|
ADMINISTRATOR |
|
JUAN MANUEL RICHART LUCAS |
Defaults, Legal Claims and Insolvency Proceedings
Section enabling assessment of the degree of compliance of the company queried
with its payment obligations. It provides information on the existence and
nature of all stages of Insolvency and Legal Proceedings published with
reference to the Company in the country's various Official Bulletins and
national newspapers, as well Defaults Registered in the main national credit
bureaus (ASNEF Industrial and RAI ).
> Summary
Chronological
summary
|
|
|
Number of
Publications |
Amount (_) |
Start date |
End date |
|
Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
--- |
|
Request/Declaration |
|
0 |
--- |
date |
|
|
Proceedings |
|
--- |
--- |
|
--- |
|
Resolution |
|
--- |
--- |
|
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
Bank and Commercial Delinquency |
None |
0 |
|
|
|
Status: Friendly |
|
--- |
|
|
|
|
Status: Pre-Litigation |
|
--- |
|
|
|
|
Status: Litigation |
|
--- |
|
|
|
|
Status: Non-performing |
|
--- |
|
|
|
|
Status: insolvency proceedings, bankruptcy and suspension of payments |
|
--- |
|
|
|
|
Other status |
|
--- |
|
|
|
|
Legal and Administrative Proceedings |
|
Unpublished |
--- |
|
|
|
Notices of defaults and enforcement |
|
--- |
--- |
|
--- |
|
Seizures |
|
--- |
--- |
|
--- |
|
Auctions |
|
--- |
--- |
|
--- |
|
Declarations of insolvency and bad debt |
|
--- |
--- |
|
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
--- |
|
|
|
Proceedings heard by the Labour Court |
|
Unpublished |
--- |
|
|
> Basis
for scoring
|
Positive Factors |
Adverse Factors |
|
|
HILADOS JOANGUI SL it presents an excessive indebtedness that may
compromise their balance sheet. The current debt represents a 92.66% 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. Debts assumed by the company based on the volume of its own resources
have increased in the previous financial year. 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. |
Probability of default
> Estimated Probability of Default for the next 12 months:
16.701 %
> Latest Scoring Changes:
|
Sector in which comparison is carried out: 464 Wholesale of household goods |
|
Relative Position:
|
The company's comparative analysis with the rest of the companies that
comprise the sector, shows the company holds a worse position with regard to
the probability of non-compliance.
The 3.00% of the companies of the sector HILADOS JOANGUI SL belongs to
shows a lower probability of non-compliance.
The probability of the company's non-compliance with its payment
obligations within deadlines estimated by our qualifications models is 16.701%.
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 |
|
|
|
|
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
|
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
|
|
|
|
No se han publicado |
|
|
|
No se han publicado |
|
|
|
|
|
|
|
No se han publicado |
References
|
Suppliers |
|
|
Name |
NIF |
Telephone |
|
|
VIELTEX |
|
|
|
Turnover
|
Total Sales 2013 |
2.471.103,54 |
The sales data is from the latest available financial statements in
axesor. Failing that, are estimates data calculated by statistical methods.
Estimated
Balance
|
ESTIMED FIGURES FOR 2.014 -NOT CURRENT
ASSETS...................................................................3
Euro/s -CURRENT
ASSETS...........................................................1.213.000
Euro/s -NET
EQUITY..................................................................90.000
Euro/s -NOT CURRENT LIABILITIES..................................................................
0 Euro/s -CURRENT
LIABILITIES...........................................................1.126.000
Euro/s -TOTAL ................................................1.216.000
Euro/s - SALES (2.014).................................................................2.570.000
Euro/s |
Financial
Accounts and Balance Sheets
Financial Years Presented
|
Ejercicio |
Tipo de Cuentas
Anuales |
Fecha
Presentacion |
|
2013 |
Normales |
August 2014 |
|
2012 |
Normales |
August 2013 |
|
2011 |
Normales |
August 2012 |
|
2010 |
Normales |
September 2011 |
|
2009 |
Normales |
July 2010 |
|
2008 |
Normales |
November 2009 |
|
2007 |
Normales |
September 2008 |
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 To view details on
the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
A) NON-CURRENT ASSETS: 11000 |
3.075,00 |
24.232,00 |
24.528,00 |
1.534,00 |
1.642,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
2.775,00 |
23.932,00 |
24.528,00 |
1.534,00 |
1.642,00 |
|
|
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 |
300,00 |
300,00 |
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 |
1.166.065,00 |
787.363,00 |
670.594,00 |
473.350,00 |
402.792,00 |
|
|
I. Stocks : 12200 |
631.615,00 |
379.549,00 |
250.303,00 |
250.666,00 |
144.790,00 |
|
|
II. Trade debtors and others receivable accounts
: 12300 |
516.618,00 |
442.619,00 |
400.850,00 |
208.169,00 |
240.622,00 |
|
|
1. Trade debtors / accounts
receivable: 12380 |
515.518,00 |
442.619,00 |
400.813,00 |
208.117,00 |
233.368,00 |
|
|
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 |
515.518,00 |
442.619,00 |
400.813,00 |
208.117,00 |
233.368,00 |
|
|
2. Called up share capital:
12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other accounts receivable
: 12390 |
1.100,00 |
0,00 |
37,00 |
51,00 |
7.254,00 |
|
|
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 |
1.348,00 |
2.641,00 |
1.800,00 |
0,00 |
0,00 |
|
|
V. Short-term accruals : 12600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash and other equivalent liquid assets :
12700 |
16.484,00 |
-37.446,00 |
17.641,00 |
14.515,00 |
17.380,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
1.169.140,00 |
811.595,00 |
695.121,00 |
474.884,00 |
404.433,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and
Net Worth |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
A) NET WORTH: 20000 |
85.779,00 |
71.107,00 |
56.463,00 |
42.434,00 |
28.404,00 |
|
|
A-1) Shareholders' equity: 21000 |
85.779,00 |
71.107,00 |
56.463,00 |
42.434,00 |
28.404,00 |
|
|
I. Capital: 21100 |
12.000,00 |
12.000,00 |
12.000,00 |
12.000,00 |
12.000,00 |
|
|
1. Registered capital :
21110 |
12.000,00 |
12.000,00 |
12.000,00 |
12.000,00 |
12.000,00 |
|
|
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 |
59.107,00 |
44.463,00 |
30.434,00 |
16.404,00 |
7.376,00 |
|
|
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 |
14.672,00 |
14.644,00 |
14.029,00 |
14.030,00 |
9.028,00 |
|
|
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 |
15.528,00 |
45.520,00 |
60.000,00 |
0,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
0,00 |
15.528,00 |
45.520,00 |
60.000,00 |
0,00 |
|
|
1. Amounts owed to credit institutions:
31220 |
0,00 |
15.528,00 |
45.520,00 |
60.000,00 |
0,00 |
|
|
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 |
1.083.361,00 |
724.960,00 |
593.139,00 |
372.450,00 |
376.029,00 |
|
|
I. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term creditors : 32300 |
311.328,00 |
105.354,00 |
72.647,00 |
0,00 |
0,00 |
|
|
1. Amounts owed to credit
institutions: 32320 |
241.543,00 |
105.354,00 |
71.300,00 |
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 |
69.786,00 |
0,00 |
1.347,00 |
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 |
772.032,00 |
619.606,00 |
520.492,00 |
372.450,00 |
376.029,00 |
|
|
1. Suppliers: 32580 |
522.965,00 |
430.503,00 |
315.064,00 |
228.617,00 |
234.490,00 |
|
|
a)
Long-term debts : 32581 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b)
Short-term debts : 32582 |
522.965,00 |
430.503,00 |
315.064,00 |
228.617,00 |
234.490,00 |
|
|
2. Other creditors:
32590 |
249.067,00 |
189.102,00 |
205.428,00 |
143.833,00 |
141.539,00 |
|
|
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 |
1.169.140,00 |
811.595,00 |
695.121,00 |
474.884,00 |
404.433,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and
Loss |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
1. Net turnover: 40100 |
2.471.104,00 |
2.379.254,00 |
2.259.287,00 |
1.643.506,00 |
872.404,00 |
|
|
2. Changes in stocks of finished goods and work
in progress: 40200 |
0,00 |
0,00 |
0,00 |
0,00 |
77.736,00 |
|
|
3. Works carried out by the company for its
assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-2.237.804,00 |
-2.160.683,00 |
-2.062.969,00 |
-1.500.820,00 |
-899.089,00 |
|
|
5. Other operating income: 40500 |
0,00 |
420,00 |
0,00 |
0,00 |
6.643,00 |
|
|
6. Personnel costs: 40600 |
-14.000,00 |
-25.081,00 |
-23.409,00 |
-17.814,00 |
-5.871,00 |
|
|
7. Other operating costs: 40700 |
-101.564,00 |
-89.861,00 |
-69.763,00 |
-47.811,00 |
-16.982,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-979,00 |
-3.029,00 |
-2.257,00 |
-201,00 |
-194,00 |
|
|
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 |
-4.665,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Other results : 41300 |
-693,00 |
865,00 |
16,00 |
2.032,00 |
0,00 |
|
|
A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12)
: 49100 |
111.399,00 |
101.885,00 |
100.904,00 |
78.892,00 |
34.648,00 |
|
|
13. Financial income : 41400 |
4.193,00 |
4.500,00 |
1.826,00 |
1.289,00 |
1.228,00 |
|
|
a) Allocation of financial
subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income:
41490 |
4.193,00 |
4.500,00 |
1.826,00 |
1.289,00 |
1.228,00 |
|
|
14. Financial expenditure : 41500 |
-80.710,00 |
-74.623,00 |
-59.000,00 |
-48.614,00 |
-23.901,00 |
|
|
15. Changes in fair value of financial
instruments : 41600 |
0,00 |
-447,00 |
0,00 |
0,00 |
0,00 |
|
|
16. Exchange rate differences: 41700 |
-15.319,00 |
-11.985,00 |
-25.025,00 |
-12.859,00 |
63,00 |
|
|
17. Impairment and result for transfers of
financial instruments : 41800 |
0,00 |
196,00 |
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 |
-91.836,00 |
-82.359,00 |
-82.199,00 |
-60.185,00 |
-22.611,00 |
|
|
C) NET RESULT BEFORE TAXES ( A + B ) : 49300 |
19.562,00 |
19.526,00 |
18.705,00 |
18.707,00 |
12.037,00 |
|
|
19. Income taxes : 41900 |
-4.891,00 |
-4.882,00 |
-4.676,00 |
-4.677,00 |
-3.009,00 |
|
|
D) RESULT OF THE PERIOD ( C + 19 ) : 49500 |
14.672,00 |
14.644,00 |
14.029,00 |
14.030,00 |
9.028,00 |
|
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 |
19.562,00 |
19.526,00 |
18.705,00 |
18.707,00 |
12.037,00 |
|
|
2. Results adjustments.: 61200 |
77.496,00 |
73.152,00 |
59.431,00 |
47.527,00 |
22.867,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
979,00 |
3.029,00 |
2.257,00 |
201,00 |
194,00 |
|
|
g) Financial income (-).: 61207 |
-4.193,00 |
-4.500,00 |
-1.826,00 |
-1.289,00 |
-1.228,00 |
|
|
h) Financial Expenses (+). : 61208 |
80.710,00 |
74.623,00 |
59.000,00 |
48.614,00 |
23.901,00 |
|
|
3. Changes in current capital equity.: 61300 |
-177.236,00 |
-77.624,00 |
-50.753,00 |
-81.678,00 |
-7.749,00 |
|
|
a) Stock (+/-).: 61301 |
-252.066,00 |
-129.246,00 |
363,00 |
-105.876,00 |
-77.736,00 |
|
|
d) Debtors and other accounts receivable (+/-). :
61302 |
-73.999,00 |
-41.769,00 |
-192.681,00 |
32.454,00 |
3.040,00 |
|
|
c) Other current assets (+/-). : 61303 |
1.293,00 |
-841,00 |
-1.800,00 |
0,00 |
0,00 |
|
|
d) Creditors and other accounts payable (+/-). :
61304 |
147.536,00 |
94.232,00 |
143.365,00 |
-8.256,00 |
66.947,00 |
|
|
4. Other cash flows for operating activities.: 61400 |
-76.517,00 |
-70.123,00 |
-57.174,00 |
-47.326,00 |
-22.673,00 |
|
|
a) Interest payments (-). : 61401 |
-80.710,00 |
-74.623,00 |
-59.000,00 |
-48.614,00 |
-23.901,00 |
|
|
c) Interest collection (+). : 61403 |
4.193,00 |
4.500,00 |
1.826,00 |
1.289,00 |
1.228,00 |
|
|
5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
-156.694,00 |
-55.069,00 |
-29.791,00 |
-62.770,00 |
4.482,00 |
|
|
6. Payments for investment (-).: 62100 |
0,00 |
-300,00 |
-22.993,00 |
0,00 |
0,00 |
|
|
c) Fixed assets. : 62103 |
0,00 |
0,00 |
-22.993,00 |
0,00 |
0,00 |
|
|
e) Other financial assets. : 62105 |
0,00 |
-300,00 |
0,00 |
0,00 |
0,00 |
|
|
7. Divestment payment collection (+). : 62200 |
21.158,00 |
596,00 |
0,00 |
107,00 |
194,00 |
|
|
c) Fixed assets. : 62203 |
21.158,00 |
596,00 |
0,00 |
107,00 |
194,00 |
|
|
8. Investment activity cash flows (6 + 7) minus Amortization:
62300 |
20.178,00 |
-2.733,00 |
-25.250,00 |
-94,00 |
0,00 |
|
|
9. Payment collection and payments for equity instruments. :
63100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Payment collection and payments for financial liabilities
instruments.: 63200 |
190.447,00 |
2.715,00 |
58.167,00 |
60.000,00 |
0,00 |
|
|
a) Issuance : 63201 |
205.974,00 |
34.054,00 |
72.647,00 |
60.000,00 |
0,00 |
|
|
2. Debts incurred with credit institutions (+). :
63203 |
136.189,00 |
34.054,00 |
71.300,00 |
60.000,00 |
0,00 |
|
|
5. Other debts (+). : 63206 |
69.786,00 |
0,00 |
1.347,00 |
0,00 |
0,00 |
|
|
b) Repayment and amortization of : 63207 |
-15.528,00 |
-31.339,00 |
-14.480,00 |
0,00 |
0,00 |
|
|
2. Debts incurred with credit institutions (-).:
63209 |
-15.528,00 |
-29.992,00 |
-14.480,00 |
0,00 |
0,00 |
|
|
5. Other debts (-). : 63212 |
0,00 |
-1.347,00 |
0,00 |
0,00 |
0,00 |
|
|
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 |
190.447,00 |
2.715,00 |
58.167,00 |
60.000,00 |
0,00 |
|
|
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 |
53.931,00 |
-55.088,00 |
3.126,00 |
-2.864,00 |
4.482,00 |
|
|
Cash or equivalent assets as of beginning of the
fiscal year.: 65100 |
-37.446,00 |
17.641,00 |
14.515,00 |
17.380,00 |
12.898,00 |
|
|
Cash or equivalent assets as of end of the fiscal
year.: 65200 |
16.484,00 |
-37.446,00 |
17.641,00 |
14.515,00 |
17.380,00 |
|
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 % |
-0,02 % |
0,00 % |
194,26 % |
|
|
|
EBITDA over Sales: |
4,76 % |
4,39 % |
4,37 % |
2,62 % |
8,95 % |
67,31 % |
|
|
Cash Flow Yield: |
0,05 % |
0,00 % |
-0,07 % |
0,00 % |
167,96 % |
|
|
|
Profitability |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
9,60 % |
1,65 % |
12,49 % |
0,95 % |
-23,14 % |
72,81 % |
|
|
Total economic profitability: |
8,58 % |
1,50 % |
11,60 % |
1,35 % |
-26,07 % |
10,79 % |
|
|
Financial profitability: |
17,10 % |
0,05 % |
20,59 % |
-0,34 % |
-16,95 % |
115,94 % |
|
|
Margin: |
4,54 % |
1,71 % |
4,25 % |
1,06 % |
6,85 % |
60,84 % |
|
|
Mark-up: |
0,82 % |
0,24 % |
0,78 % |
-0,22 % |
4,53 % |
204,93 % |
|
|
Solvency |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,02 |
0,26 |
-0,05 |
0,23 |
129,46 |
10,76 |
|
|
Acid Test: |
0,49 |
1,10 |
0,56 |
1,07 |
-12,30 |
2,47 |
|
|
Working Capital / Investment: |
0,07 |
0,21 |
0,08 |
0,21 |
-8,00 |
-3,82 |
|
|
Solvency: |
1,08 |
1,76 |
1,09 |
1,79 |
-0,90 |
-2,16 |
|
|
Indebtedness |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
12,63 |
1,03 |
10,41 |
1,08 |
21,28 |
-4,41 |
|
|
Borrowing Composition: |
0,00 |
0,73 |
0,02 |
0,80 |
-100,00 |
-8,29 |
|
|
Repayment Ability: |
20,09 |
103,97 |
-13,44 |
-1.451,83 |
249,44 |
107,16 |
|
|
Warranty: |
1,08 |
1,98 |
1,10 |
1,93 |
-1,54 |
2,20 |
|
|
Generated resources / Total creditors: |
0,01 |
0,06 |
0,02 |
0,04 |
-38,79 |
25,42 |
|
|
Efficiency |
2013 |
2012 |
Variación 2013 -
2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
9,41 |
1,20 |
5,15 |
1,11 |
82,77 |
8,39 |
|
|
Turnover of Collection Rights : |
4,78 |
4,36 |
5,38 |
4,25 |
-11,03 |
2,73 |
|
|
Turnover of Payment Entitlements: |
3,03 |
2,92 |
3,63 |
2,76 |
-16,58 |
6,00 |
|
|
Stock rotation: |
3,73 |
4,21 |
6,00 |
3,66 |
-37,91 |
14,90 |
|
|
Assets turnover: |
2,12 |
0,96 |
2,94 |
0,90 |
-28,07 |
7,44 |
|
|
Borrowing Cost: |
7,45 |
2,14 |
10,08 |
2,43 |
-26,07 |
-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 % |
-0,02 % |
0,00 % |
0,00 % |
0,51 % |
|
|
EBITDA over Sales: |
4,76 % |
4,37 % |
4,57 % |
4,69 % |
3,99 % |
|
|
Cash Flow Yield: |
0,05 % |
-0,07 % |
0,00 % |
-0,01 % |
1,11 % |
|
|
Profitability |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
Operating economic profitability: |
9,60 % |
12,49 % |
14,55 % |
16,18 % |
8,57 % |
|
|
Total economic profitability: |
8,58 % |
11,60 % |
11,18 % |
14,18 % |
8,89 % |
|
|
Financial profitability: |
17,10 % |
20,59 % |
24,85 % |
33,06 % |
31,78 % |
|
|
Margin: |
4,54 % |
4,25 % |
4,47 % |
4,68 % |
3,94 % |
|
|
Mark-up: |
0,82 % |
0,78 % |
0,83 % |
1,01 % |
1,37 % |
|
|
Solvency |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
Liquidity: |
0,02 |
-0,05 |
0,03 |
0,04 |
0,05 |
|
|
Acid Test: |
0,49 |
0,56 |
0,71 |
0,60 |
0,69 |
|
|
Working Capital / Investment: |
0,07 |
0,08 |
0,11 |
0,21 |
0,07 |
|
|
Solvency: |
1,08 |
1,09 |
1,13 |
1,27 |
1,07 |
|
|
Indebtedness |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
Indebtedness level: |
12,63 |
10,41 |
11,31 |
10,19 |
13,24 |
|
|
Borrowing Composition: |
0,00 |
0,02 |
0,08 |
0,16 |
0,00 |
|
|
Repayment Ability: |
20,09 |
-13,44 |
204,31 |
-150,98 |
10,77 |
|
|
Warranty: |
1,08 |
1,10 |
1,09 |
1,10 |
1,08 |
|
|
Generated resources / Total creditors: |
0,01 |
0,02 |
0,03 |
0,03 |
0,02 |
|
|
Efficiency |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
Productivity: |
9,41 |
5,15 |
5,41 |
5,33 |
6,93 |
|
|
Turnover of Collection Rights : |
4,78 |
5,38 |
5,64 |
7,90 |
3,65 |
|
|
Turnover of Payment Entitlements: |
3,03 |
3,63 |
4,10 |
4,16 |
2,64 |
|
|
Stock rotation: |
3,73 |
6,00 |
8,62 |
6,25 |
5,83 |
|
|
Assets turnover: |
2,12 |
2,94 |
3,26 |
3,46 |
2,17 |
|
|
Borrowing Cost: |
7,45 |
10,08 |
9,24 |
11,24 |
6,36 |
|
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 firm founded in 2007, dedicated to the import and sale of
spinning for the textile industry. It operates nationally and internationally.
The consulted sources appear nothing against it. In light of the above we
believe that the company is appropriate for operations relating to risk in
consideration with its size.
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.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.