MIRA INFORM REPORT

Report No. :	323957
Report Date :	01.06.2015

IDENTIFICATION DETAILS

Name :	DAMERIK SL

Registered Office :	C/ Onyar, 75 -81 - Pol. Industrial Polingesa. - Riudellots De La Selva - 17457 - Girona

Country :	Spain

Financials (as on) :	31.01.2014

Date of Incorporation :	10.12.1998

Legal Form :	Private Company

Line of Business :	Retail sale of games and toys in specialised stores.

No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	Euro 775.000

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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:

DAMERIK SL

NIF / Fiscal code:

B17571589

Status:

ACTIVE

Incorporation Date:

10/12/1998

Register Data

Last Publication in BORME:

18/09/2013 [Increase of Capital]

Last Published Account Deposit:

2014

Share Capital:

5.188.372,90

Localization:

C/ ONYAR, 75 -81 - POL. INDUSTRIAL POLINGESA. - RIUDELLOTS DE LA SELVA - 17457 - GIRONA

Telephone - Fax - Email - Website:

Telephone. 972 464 727 Website. www.eurekakids.es

Activity:

NACE:

4765 - Retail sale of games and toys in specialised stores

Registered Trademarks:

Audited / Opinion:

Si /

Tenders and Awards:

Subsidies:

1 for a total cost of 1474.25

Quality Certificate:

Maximum recommended commercial credit:

775.000

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

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Partners:

FONDO NAZCA III FCR

72.75 %

GRUPO EUREKAKIDS SL

27.25 %

Enquiry Details

Business address regime:

In rent

Identification

Social Denomination:

DAMERIK SL

NIF / Fiscal code:

B17571589

Corporate Status:

ACTIVE

Start of activity:

1999

Registered Office:

C/ ONYAR, 75 -81 - POL. INDUSTRIAL POLINGESA.

Locality:

RIUDELLOTS DE LA SELVA

Province:

GIRONA

Postal Code:

17457

Telephone:

972 464 727

Website:

www.eurekakids.es

BRANCH OFFICES

Activity

NACE:

4765

Legal Form:

MANUFACTURE, COMMERCIALISATION AND STORAGE OF TOYS, CHILDCARE ARTICLES, LEARNING AND EDUCATIONAL MATERIAL, STATIONERY, GIFTS, AS WELL AS ADVERTISING MATERIAL. MANUFACTURE AND COMMERCIALISATION OF COMPILED ARTICLES, COMPLEMENTS, SPORTIVE PRODUCTS, CAMPING MATERIAL.

Additional Information:

The company is engaged in the manufacture and commercialisation of educational and learning toys. Commercial name : EUREKAKIDS

Additional Address:

C/ ONYAR, 75 -81 - POL. INDUSTRIAL POLINGESA. 17457 RIUDELLOTS DE LA SELVA ( GIRONA ) , registered office, factory, offices, storage, industrial plant, in rent.

Import / export:

EXPORTS

Future Perspective:

Consolidation

Industry situation:

Maturity

Chronological Summary

Year

Act

1999

Accounts deposit (year 1998) Appointments/ Re-elections (1) Company Formation (1)

2000

Accounts deposit (year 1999)

2001

Accounts deposit (year 2000)

2002

Accounts deposit (year 2001)

2004

Accounts deposit (year 2002, 2003) Appointments/ Re-elections (1)

2005

Accounts deposit (year 2004) Change of Social address (1) Increase of Capital (3)

2006

Accounts deposit (year 2005) Increase of Capital (3) Take-over Merger (4)

2007

Accounts deposit (year 2006) Change of Social Purpose (1) Increase of Capital (1) Take-over Merger (1)

2008

Accounts deposit (year 2007) Appointments/ Re-elections (4) Cessations/ Resignations/ Reversals (2) Increase of Capital (2) Other Concepts/ Events (1) Statutory Modifications (2) Take-over Merger (18)

2009

Accounts deposit (year 2008) Increase of Capital (1) Take-over Merger (2)

2010

Accounts deposit (year 2009) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1)

2011

Appointments/ Re-elections (3) Cessations/ Resignations/ Reversals (2) Change of Social address (1) Increase of Capital (1) Statutory Modifications (1)

2012

Accounts deposit (year 2010, 2011) Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1) Take-over Merger (1)

2013

Accounts deposit (year 2012) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1) Increase of Capital (1)

2014

Accounts deposit (year 2013)

2015

Accounts deposit (year 2014)

Main Historic Changes

Concept

Publication

Act

Date

Corporate Purpose Changes:

COMERCIALIZACION. COMPRA Y VENTA AL MAYOR Y AL DETALLE DE TODO TIPO DE PRENDAS DE VESTIR Y PRET A PORTER PARA HOMBRES. MUJERES Y NIÑOS CON TODOS SUS ACCESORIOS ASI COMO ARTICULOS DE PUERICULTURA Y MUE

Company Formation

28/01/1999

Breakdown of Owners' Equity

Registered Capital:

5.188.372,90

Paid up capital:

5.188.372,90

Updated Evolution of the Subscribed and Paid-in Capital

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

14/01/1999

Company Formation

42.071

08/02/2005

Increase of Capital

1.133.787

1.175.857

27/07/2005

Increase of Capital

100.006

1.275.863

07/10/2005

Increase of Capital

150.010

1.425.873

24/04/2006

Increase of Capital

202.838

1.628.710

19/07/2006

Increase of Capital

78.791

1.707.501

01/12/2006

Increase of Capital

450.149

2.157.650

04/06/2007

Increase of Capital

14.124

2.171.774

05/02/2008

Increase of Capital

175.071

2.346.845

07/07/2008

Increase of Capital

320.874

2.667.719

30/06/2009

Increase of Capital

422.383

3.090.102

03/08/2011

Increase of Capital

1.298.280

4.388.382

10/09/2013

Increase of Capital

799.991

5.188.373

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

PRESIDENT

ERIK MAYOL GANDOU

03/08/2011

PRESIDENT OF THE EXECUTIVE COMM.

ERIK MAYOL GANDOU

28/07/2012

VICE CHAIRMAN

NAZCA DIRECTORSHIP I SL

09/05/2013

MEMBER OF THE BOARD

NAZCA DIRECTORSHIP II SL

09/05/2013

NAZCA DIRECTORSHIP III SL

09/05/2013

NAZCA DIRECTORSHIP I SL

09/05/2013

MARTA ROGET SOLE

03/08/2011

PROXY

JORDI CEBRIA ARMENGOL

20/12/2004

SECRETARY

ESTER ESCRIVA DE ROMANI GIRO

03/08/2011

VICE SECRETARY

RAFAEL VALLET VILA

03/08/2011

ACCOUNTS' AUDITOR / HOLDER

KPMG AUDITORES SL

04/05/2012

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

AUDITORIA I CONTROL AUDITORS SL

ACCOUNTS' AUDITOR / HOLDER

24/01/2011

AUDITORIA I CONTROL AUDITORS SLP

ACCOUNTS' AUDITOR / HOLDER

24/01/2011

ACCOUNTS' AUDITOR / HOLDER

04/05/2012

CARLOS CARBO FERNANDEZ

MEMBER OF THE BOARD

09/05/2013

VICE CHAIRMAN

09/05/2013

CARLOS ROBERTO PEREZ DE JAUREGUI HENNESSY

MEMBER OF THE BOARD

09/05/2013

ERIK MAYOL GANDOU

SINGLE ADMINISTRATOR

07/07/2008

MEMBER OF THE BOARD

03/08/2011

MEMBER OF THE BOARD

28/07/2012

PROXY

19/07/2008

PROXY

15/11/2008

PROXY

08/11/2010

PROXY

03/08/2011

PROXY

03/08/2011

PRESIDENT

03/08/2011

JUAN LOPEZ DE NOVALES GOMEZ DE LA CASA

MEMBER OF THE BOARD

09/05/2013

MANUEL PUIG ROCHA

MEMBER OF THE BOARD

03/08/2011

MARTA ROGET SOLE

MEMBER OF THE BOARD

03/08/2011

MAYOL GANDOU ERIK

SINGLE ADMINISTRATOR

07/07/2008

NICOLE GANDOU BENET

MEMBER OF THE BOARD

03/08/2011

PATRICIA ESTANY PUIG

MEMBER OF THE BOARD

03/08/2011

PROXY

03/08/2011

SECRETARY

03/08/2011

Executive board

Post

NIF

Name

FINANCIAL DIRECTOR

JORGE SEVRILLA

MANAGING DIRECTOR

ERICO MAYOL

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

---

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

Unpublished

---

Notices of defaults and enforcement

---

Seizures

---

Auctions

---

Declarations of insolvency and bad debt

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

> Details

> Basis for scoring

Positive Factors

Adverse Factors

No judicial claims have been detected in the Official Gazettes, regarding any Entity's outstanding debts with the Tax Bureau or Social Security administrations, as submitted by Courts of the various court jurisdictions.

No irregular payment performance has been detected based on information obtained from credit bureaus.

Significant level of financial autonomy. The asset is financed mostly with equity and financing with maturity exceeding one year, providing a solid financial structure.

The current debt represents a 30.28of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation.

It has financial profitability.. DAMERIK SL obtains financial return as a consequence of an investment in its own resources which, a priori, might improve its financial and economic situation.

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.

Private consumption continues to have, in spite of some signs of improvement, very low rates , thus showing great weakness.

Audit qualifications . The company has submitted the audit with a qualified opinion, indicating that the financial statements may not reflect the true picture because of the existence of circumstances that may be significant.

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

No se han publicado

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

Proceedings before the Industrial Tribunal

No se han publicado

Link List

RESULTING FROM THE TOTAL SPIN-OFF:

1 Entities

ABSORBS TO:

5 Entities

HAS IN ITS ADMINISTRATION BOARD TO:

3 Entities

IS RELATED WITH:

2 Entities

PARTICIPATES IN:

4 Entities

SHAREHOLDERS:

2 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

FONDO NAZCA III FCR

72.75

GRUPO EUREKAKIDS SL

GIRONA

27.25

PARTICIPATES IN

EUREKAKIDS ITALIA, S.L.

100

EUREKAIDS FRANCE SARL

100

DAMERIK SWEDEN AB

100

KAKIDS CORP

100

> Other relationships

Relationship

Entity

Province

Shareholding stake

IS RELATED WITH

| |

ENISA

GRUPO EUREKAKIDS SL

GIRONA

ABSORBS TO

WEBEUREKA SL

GIRONA

EUREKA PLATJA D'ARO SL

GIRONA

EUREKA PAMPLONA SL

NAVARRA

EUREKAKIDS CERDANYOLA SL

BARCELONA

EUREKAKIDS WEB SL

GIRONA

RESULTING FROM THE TOTAL SPIN-OFF

NICOLERIK SL

GIRONA

HAS IN ITS ADMINISTRATION BOARD TO

NAZCA DIRECTORSHIPS I SL

MADRID

NAZCA DIRECTORSHIPS II SL

MADRID

NAZCA DIRECTORSHIPS III SL

MADRID

TURNOVER

Total Sales 2014

23.362.236

The sales data is from the latest available financial statements in axesor. Failing that, are estimates data calculated by statistical methods.

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2014

Normales

January 2015

2013

Normales

August 2014

2012

Normales

January 2013

2011

Normales

August 2012

2010

Normales

August 2012

2009

Normales

August 2010

2008

Normales

June 2009

2008

Normales

March 2010

2007

Normales

September 2008

2006

Normales

August 2007

2005

Normales

August 2006

2004

Normales

August 2005

2003

Normales

August 2004

2002

Normales

December 2003

2001

Normales

August 2002

2000

Normales

August 2001

1999

Normales

August 2000

1998

Normales

July 1999

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 31/01/2014

> Normal format Balance in accordance with the New Accounting Plan 2007

Information corresponding to the fiscal year 2014 2013 2012 2011 2010 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2014 2013 2012 2011 2010 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. To view details on the methodology.

ORIGINAL

Assets

2014

2013

2012

2011

2010

A) NON-CURRENT ASSETS: 11000

9.246.851,00

8.556.190,00

8.048.348,00

7.610.364,00

5.976.747,00

I. Intangible fixed assets : 11100

3.313.207,00

3.670.943,00

3.879.414,00

3.917.691,00

3.921.919,00

1. Development: 11110

2.652,00

0,00

2. Concessions: 11120

0,00

3. Patents, licencing, trade marks and similar: 11130

584.352,00

615.848,00

684.740,00

674.093,00

636.458,00

4. Goodwill: 11140

1.700.172,00

1.965.171,00

2.368.170,00

2.389.702,00

5. IT applications: 11150

500.545,00

468.864,00

302.900,00

298.441,00

355.049,00

6. Investigation: 11160

0,00

7. Intellectual property: 11180

0,00

8. Greenhouse gas emission allowance: 11190

0,00

9. Other intangible fixed assets. : 11170

525.486,00

621.060,00

523.604,00

576.987,00

540.709,00

II. Tangible fixed assets : 11200

3.080.607,00

3.064.938,00

2.281.035,00

1.870.574,00

1.562.535,00

1. Land and buildings: 11210

0,00

2. Technical installations and other tangible fixed assets: 11220

3.080.607,00

3.064.938,00

2.281.035,00

1.870.574,00

1.562.535,00

3. Tangible asset in progress and advances: 11230

0,00

III. Real estate investment: 11300

0,00

1. Land: 11310

0,00

2. Buildings: 11320

0,00

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

2.369.975,00

1.462.562,00

1.360.000,00

1.561.023,00

311.023,00

1. Equity instruments: 11410

2.369.975,00

1.462.562,00

1.360.000,00

1.561.023,00

311.023,00

2. Credits to businesses: 11420

0,00

3. Debt securities: 11430

0,00

4. Derivatives : 11440

0,00

5. Other financial assets : 11450

0,00

6. Other investments: 11460

0,00

V. Long-term financial investments: 11500

361.518,00

354.801,00

321.523,00

259.696,00

179.323,00

1. Equity instruments: 11510

0,00

2. Credits to third parties : 11520

0,00

3. Debt securities: 11530

0,00

4. Derivatives : 11540

0,00

5. Other financial assets : 11550

361.518,00

354.801,00

321.523,00

259.696,00

179.323,00

6. Other investments: 11560

0,00

VI. Assets for deferred tax : 11600

121.544,00

2.946,00

206.376,00

1.380,00

1.947,00

VII. Non-current trade debts : 11700

0,00

B) CURRENT ASSETS: 12000

18.206.961,00

17.302.438,00

13.103.144,00

8.973.348,00

7.472.624,00

I. Non-current assets held for sale : 12100

0,00

II. Stocks: 12200

8.707.132,00

9.663.160,00

7.863.492,00

5.754.909,00

4.419.164,00

1. Commercial: 12210

8.347.525,00

9.364.212,00

7.376.054,00

5.365.829,00

3.839.197,00

2. Primary material and other supplies: 12220

0,00

3. Work in progress: 12230

0,00

a) Of long-term production cycle : 12231

0,00

b) Of short-term production cycle : 12232

0,00

4. Finished goods: 12240

0,00

a) Of long-term production cycle : 12241

0,00

b) Of short-term production cycle : 12242

0,00

5. By-products, residues and recycled materials: 12250

0,00

6. Advances to suppliers: 12260

359.607,00

298.948,00

487.439,00

389.080,00

579.967,00

III. Trade debtors and others receivable accounts: 12300

8.230.289,00

6.776.385,00

4.344.619,00

2.734.801,00

2.157.249,00

1. Trade debtors / accounts receivable: 12310

2.788.433,00

2.799.957,00

2.638.505,00

1.629.619,00

966.292,00

a) Long-term receivables from sales and services supplied : 12311

2.788.433,00

0,00

b) Customers for sales and provisions of services : 12312

0,00

2.799.957,00

2.638.505,00

1.629.619,00

966.292,00

2. Customers, Group companies and associates : 12320

5.354.551,00

3.773.219,00

1.585.831,00

991.867,00

1.094.488,00

3. Other accounts receivable: 12330

0,00

18.384,00

10.400,00

25.000,00

4. Personnel: 12340

60.511,00

56.956,00

32.638,00

30.471,00

18.820,00

5. Assets for deferred tax: 12350

0,00

1.011,00

3.706,00

0,00

6. Other debtors, including tax and social security: 12360

26.794,00

127.869,00

76.234,00

54.138,00

52.650,00

7. Called up share capital: 12370

0,00

IV. Short-term investments in Group companies and associates: 12400

632.378,00

329.208,00

121.996,00

79.234,00

361.557,00

1. Equity instruments: 12410

0,00

2. Credits to businesses: 12420

0,00

3. Debt securities: 12430

0,00

4. Derivatives : 12440

0,00

5. Other financial assets : 12450

632.378,00

329.208,00

121.996,00

79.234,00

361.557,00

6. Other investments: 12460

0,00

V. Short-term financial investments : 12500

21.464,00

12.093,00

3.107,00

6.428,00

1. Equity instruments: 12510

0,00

2. Credits to businesses: 12520

0,00

3. Debt securities: 12530

0,00

4. Derivatives : 12540

0,00

5. Other financial assets : 12550

21.464,00

12.093,00

3.107,00

6.428,00

6. Other investments: 12560

0,00

VI. Short-term accruals: 12600

88.155,00

61.636,00

30.419,00

16.198,00

0,00

VII. Cash and other equivalent liquid assets : 12700

527.543,00

450.585,00

730.524,00

385.098,00

528.226,00

1. Treasury: 12710

527.543,00

450.585,00

730.524,00

385.098,00

528.226,00

2. Other equivalent liquid assets: 12720

0,00

TOTAL ASSETS (A + B) : 10000

27.453.812,00

25.858.628,00

21.151.491,00

16.583.712,00

13.449.372,00

ORIGINAL

Liabilities and Net Worth

2014

2013

2012

2011

2010

A) NET WORTH: 20000

14.111.674,00

13.193.151,00

12.586.380,00

7.095.389,00

6.839.044,00

A-1) Shareholders' equity: 21000

14.111.674,00

13.193.151,00

12.586.380,00

7.095.389,00

6.839.044,00

I. Capital: 21100

5.188.373,00

4.388.382,00

3.090.102,00

1. Registered capital : 21110

5.188.373,00

4.388.382,00

3.090.102,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

5.708.474,00

2.006.755,00

III. Reserves: 21300

3.176.058,00

2.569.285,00

2.077.461,00

1.742.188,00

1.328.456,00

1. Legal and statutory: 21310

288.346,00

227.669,00

178.487,00

152.462,00

111.089,00

2. Other reserves: 21320

2.887.712,00

2.341.616,00

1.898.974,00

1.589.725,00

1.217.367,00

3. Revaluation reserves: 21330

0,00

IV. (Common stock equity): 21400

0,00

V. Results from previous periods: 21500

-79.762,00

0,00

1. Brought forward: 21510

0,00

2. (Negative results from previous periods): 21520

-79.762,00

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

118.531,00

606.772,00

491.824,00

256.344,00

413.732,00

VIII. (Interim dividend): 21800

0,00

IX. Other net worth instruments: 21900

0,00

A-2) Adjustments due to changes in value: 22000

0,00

I. Financial assets held for sale: 22100

0,00

II. Hedge operations: 22200

0,00

III. Linked non-current assets and liabilities held for sale : 22300

0,00

IV. Exchange rate difference: 22400

0,00

V. Other: 22500

0,00

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

0,00

B) NON-CURRENT LIABILITIES: 31000

5.028.992,00

4.775.199,00

3.951.512,00

3.648.635,00

3.810.913,00

I. Long-term provisions: 31100

0,00

1. Long-term employee benefits liability: 31110

0,00

2. Environmental actions: 31120

0,00

3. Restructuring provisions: 31130

0,00

4. Other provisions: 31140

0,00

II Long-term creditors: 31200

4.712.803,00

4.380.494,00

3.528.379,00

3.648.635,00

3.810.913,00

1. Liabilities and other securities: 31210

0,00

2. Amounts owed to credit institutions: 31220

4.027.903,00

3.636.650,00

2.713.338,00

2.747.281,00

2.883.756,00

3. Creditors from financial leasing: 31230

161.331,00

67.448,00

84.908,00

102.092,00

114.895,00

4. Derivatives : 31240

0,00

5. Other financial liabilities : 31250

523.569,00

676.396,00

730.133,00

799.262,00

812.262,00

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

0,00

IV. Liabilities for deferred tax: 31400

316.189,00

394.705,00

423.132,00

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

8.313.146,00

7.890.278,00

4.613.600,00

5.839.688,00

2.799.414,00

I. Liabilities linked to non-current assets held for sale: 32100

0,00

II. Short-term provisions: 32200

0,00

1. Provisions from greenhouse gas emission allowance: 32210

0,00

2. Other provisions: 32220

0,00

III. Short-term creditors : 32300

4.233.506,00

4.336.987,00

1.495.500,00

3.101.708,00

1.113.213,00

1. Liabilities and other securities: 32310

0,00

2. Amounts owed to credit institutions: 32320

4.169.171,00

4.283.514,00

1.438.106,00

3.069.337,00

1.076.579,00

3. Creditors from financial leasing: 32330

64.335,00

34.811,00

30.724,00

32.370,00

36.634,00

4. Derivatives : 32340

0,00

18.662,00

0,00

5. Other financial liabilities : 32350

0,00

8.008,00

0,00

IV. Short-term debts with Group companies and associates: 32400

0,00

69.733,00

242.898,00

0,00

V. Trade creditors and other accounts payable: 32500

4.079.640,00

3.553.291,00

3.048.366,00

2.495.082,00

1.686.201,00

1. Suppliers: 32510

2.993.981,00

2.389.205,00

2.352.827,00

1.619.417,00

705.116,00

a) Long-term debts : 32511

0,00

b) Short-term debts : 32512

2.993.981,00

2.389.205,00

2.352.827,00

1.619.417,00

705.116,00

2. Suppliers, Group companies and associates: 32520

0,00

2.009,00

24.844,00

3. Other creditors: 32530

450.732,00

722.676,00

494.992,00

534.097,00

448.182,00

4. Personnel (remuneration due): 32540

8.792,00

10.213,00

4.599,00

2.719,00

4.689,00

5. Liabilities for current tax: 32550

196.235,00

33.133,00

0,00

57.326,00

43.962,00

6. Other accounts payable to Public Administrations.: 32560

414.880,00

383.044,00

195.947,00

279.513,00

459.409,00

7. Advances from clients: 32570

15.020,00

0,00

VI. Short-term accruals: 32600

0,00

VII. Special short-term debts : 32700

0,00

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

27.453.812,00

25.858.628,00

21.151.491,00

16.583.712,00

13.449.372,00

ORIGINAL

Profit and Loss

2014

2013

2012

2011

2010

1. Net turnover: 40100

23.362.236,00

21.396.220,00

17.579.910,00

13.905.321,00

10.685.590,00

a) Sales: 40110

23.357.484,00

21.394.417,00

17.576.033,00

13.892.897,00

10.676.486,00

b) Rendering of services: 40120

4.752,00

1.803,00

3.877,00

12.424,00

9.104,00

c) Income of financial nature of holding companies: 40130

0,00

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

41.554,00

58.134,00

0,00

73.868,00

173.869,00

4. Supplies : 40400

-12.655.313,00

-11.231.845,00

-8.629.817,00

-6.878.036,00

-5.160.064,00

a) Stock consumption: 40410

-12.263.532,00

-10.621.936,00

-8.247.060,00

-6.147.580,00

-5.047.179,00

b) Consumption of raw materials and miscellaneous consumable ones: 40420

-391.781,00

-609.909,00

-409.217,00

-451.312,00

-90.066,00

c) Works carried out by other companies: 40430

0,00

-22.818,00

d) Impairment of stock, primary material and other supplies: 40440

0,00

26.461,00

-279.144,00

0,00

5. Other operating income: 40500

549.165,00

582.854,00

185.076,00

145.132,00

189.676,00

a) Auxiliary income and other from current management: 40510

543.168,00

582.854,00

185.076,00

143.658,00

155.652,00

b) Operation subsidies included in the Period's result: 40520

5.997,00

0,00

1.474,00

34.024,00

6. Personnel costs: 40600

-3.381.697,00

-3.046.498,00

-2.716.986,00

-2.402.134,00

-1.934.469,00

a) Wages, salaries et al.: 40610

-2.657.305,00

-2.399.570,00

-2.129.643,00

-1.889.867,00

-1.518.383,00

b) Social security costs: 40620

-724.392,00

-646.928,00

-587.343,00

-512.267,00

-416.086,00

c) Provisions : 40630

0,00

7. Other operating costs: 40700

-5.755.132,00

-5.036.171,00

-4.159.551,00

-3.570.262,00

-2.648.627,00

a) External services: 40710

-5.600.264,00

-4.960.890,00

-4.108.274,00

-3.529.907,00

-2.594.195,00

b) Taxes: 40720

-54.127,00

-61.800,00

-37.527,00

-38.466,00

-40.932,00

c) Losses, impairments and variation in provisions from trade operations : 40730

-100.440,00

-13.317,00

-12.982,00

-404,00

-8.099,00

d) Other current management expenditure : 40740

-301,00

-164,00

-768,00

-1.485,00

-5.401,00

e) Expenses due to greenhouse gas emissions: 40750

0,00

8. Amortisation of fixed assets: 40800

-1.115.281,00

-993.709,00

-739.624,00

-649.987,00

-536.858,00

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

-270.208,00

-403.000,00

-51.202,00

-16.951,00

-8.728,00

a) Impairment and losses : 41110

-265.000,00

-403.000,00

0,00

-21.532,00

-9.000,00

b) Results for transfers and other : 41120

-5.208,00

0,00

-51.202,00

4.581,00

272,00

c) Impairment and profit due to disposals of assets of holding companies: 41130

0,00

12. Negative difference in combined businesses: 41200

0,00

13. Other results : 41300

18.961,00

-4.843,00

-434.166,00

14.950,00

74.687,00

A.1) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) : 49100

794.285,00

1.321.142,00

1.033.640,00

621.902,00

835.076,00

14. Financial income : 41400

22.495,00

3.227,00

89.012,00

774,00

1.985,00

a) Of shares in equity instruments : 41410

22.495,00

3.227,00

0,00

a 1) In Group companies and associates: 41411

0,00

a 2) In third parties: 41412

22.495,00

3.227,00

0,00

b) From negotiable securities and other financial instruments : 41420

0,00

89.012,00

774,00

1.985,00

b 1) From Group companies and associates : 41421

0,00

b 2) From third parties : 41422

0,00

89.012,00

774,00

1.985,00

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

0,00

15. Financial expenditure: 41500

-519.367,00

-375.597,00

-332.124,00

-259.784,00

-280.627,00

a) Amounts owed to Group companies and associates : 41510

0,00

b) For debts with third parties : 41520

-519.367,00

-375.597,00

-332.124,00

-259.784,00

-280.627,00

c) Stock renewal : 41530

0,00

16. Changes in fair value of financial instruments : 41600

0,00

a) Trading book and other : 41610

0,00

b) Allocation of financial assets held for sale to the result for the period: 41620

0,00

17. Exchange rate differences : 41700

-29.941,00

-46.288,00

-38.579,00

-684,00

-32.340,00

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

-50.000,00

0,00

a) Impairment and losses : 41810

-50.000,00

0,00

b) Results for transfers and other : 41820

0,00

19. 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

A.2) FINANCIAL REVENUE (14+15+16+17+18+19) : 49200

-576.813,00

-418.658,00

-281.691,00

-259.694,00

-310.982,00

A.3) NET RESULT BEFORE TAXES (A.1+A.2) : 49300

217.472,00

902.484,00

751.949,00

362.208,00

524.094,00

20. Income taxes: 41900

-98.941,00

-295.712,00

-260.124,00

-105.864,00

-110.362,00

A.4) PROFIT AFTER TAXES (A.3+20) : 49400

118.531,00

606.772,00

491.824,00

256.344,00

413.732,00

21. Result of the year coming from interrupted operations : 42000

0,00

A.5) RESULT OF THE PERIOD (A.4+21) : 49500

118.531,00

606.772,00

491.824,00

256.344,00

413.732,00

> Normal Balance Sheet under the rules of the 1990 General Accounting Plan (repealed since 1st January of 2008)

Information corresponding to the fiscal year 2014 2013 2012 2011 2010 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. To view details on the methodology 2014 2013 2012 2011 2010 is taken from information submitted to the TRADE REGISTER.

EQUIVALENCIA

ASSETS

2014

2013

2012

2011

2010

A) SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED CAPITAL:

0,00

B) FIXED ASSETS:

9.125.307,00

8.553.244,00

7.841.972,00

7.608.984,00

5.974.800,00

I. Formation expenses:

0,00

II. Intangible fixed assets:

3.313.207,00

3.670.943,00

3.879.414,00

3.917.691,00

3.921.919,00

III. Tangible fixed assets:

3.080.607,00

3.064.938,00

2.281.035,00

1.870.574,00

1.562.535,00

IV. Financial investments:

2.731.493,00

1.817.363,00

1.681.523,00

1.820.719,00

490.346,00

V. Own shares:

0,00

VI. Long-term trade receivables:

0,00

C) Deferred expenses:

0,00

D) CURRENT ASSETS:

18.328.505,00

17.305.384,00

13.309.520,00

8.974.728,00

7.474.572,00

I. Called-up share capital (not paid):

0,00

II. Stocks:

8.707.132,00

9.663.160,00

7.863.492,00

5.754.909,00

4.419.164,00

III. Debtors:

8.351.833,00

6.779.331,00

4.550.995,00

2.736.181,00

2.159.196,00

IV. Short-term investments:

653.842,00

350.672,00

134.089,00

82.341,00

367.985,00

V. Short-term treasury shares:

0,00

VI. Cash at bank and in hand:

527.543,00

450.585,00

730.524,00

385.098,00

528.226,00

VII. Prepayments and accrued income:

88.155,00

61.636,00

30.419,00

16.198,00

0,00

GENERAL TOTAL (A + B + C + D):

27.453.812,00

25.858.628,00

21.151.491,00

16.583.712,00

13.449.372,00

MERCANTILE REGISTRY.

EQUIVALENCIA

LIABILITIES

2014

2013

2012

2011

2010

A) EQUITY:

14.111.674,00

13.193.151,00

12.586.380,00

7.095.389,00

6.839.044,00

I. Subscribed capital:

5.188.373,00

4.388.382,00

3.090.102,00

II. Share premium:

5.708.474,00

2.006.755,00

III. Revaluation reserves:

0,00

IV. Reserves:

3.176.058,00

2.569.285,00

2.077.461,00

1.742.188,00

1.328.456,00

a) Differences for capital adjustment to euros:

1.485.197,00

1.201.456,00

971.469,00

814.687,00

621.217,00

b) Remaining Reserves:

1.690.861,00

1.367.829,00

1.105.993,00

927.501,00

707.240,00

V. Profit or loss brought forward:

-79.762,00

0,00

VI. Profit or loss for the financial year:

118.531,00

606.772,00

491.824,00

256.344,00

413.732,00

VII. Interim dividend paid:

0,00

VIII. Own shares for capital reduction:

0,00

B) Deferred income:

0,00

C) PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

D) LONG TERM LIABILITIES:

5.028.992,00

4.775.199,00

3.951.512,00

3.648.635,00

3.810.913,00

E) SHORT TERM CREDITORS:

8.313.146,00

7.890.278,00

4.613.600,00

5.839.688,00

2.799.414,00

F) SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

GENERAL TOTAL (A + B + C + D + E + F):

27.453.812,00

25.858.628,00

21.151.491,00

16.583.712,00

13.449.372,00

MERCANTILE REGISTRY.

EQUIVALENCIA

DEBIT

2014

2013

2012

2011

2010

A) CHARGES (A.1 to A.15):

23.875.880,00

21.433.663,00

17.362.173,00

13.883.701,00

10.712.075,00

A.1. Operating consumption:

12.655.313,00

11.231.845,00

8.629.817,00

6.878.036,00

5.160.064,00

A.2. Staff Costs:

3.381.697,00

3.046.498,00

2.716.986,00

2.402.134,00

1.934.469,00

a) Wages, salaries et al.:

2.657.305,00

2.399.570,00

2.129.643,00

1.889.867,00

1.518.383,00

b) Social security costs:

724.392,00

646.928,00

587.343,00

512.267,00

416.086,00

A.3. Depreciation expense:

1.115.281,00

993.709,00

739.624,00

649.987,00

536.858,00

A.4. Variation of trade provisions and losses of unrecovered receivables:

0,00

A.5. Other operating charges:

5.755.132,00

5.036.171,00

4.159.551,00

3.570.262,00

2.648.627,00

A.I. OPERATING BENEFITS (B.1-A.1-A.2-A.3-A.4-A.5):

1.045.532,00

1.728.985,00

1.519.008,00

623.903,00

769.116,00

A.6. Financial and similar charges:

569.367,00

375.597,00

332.124,00

259.784,00

280.627,00

a) Due to liabilities with companies of the group:

0,00

b) Due to liabilities with associated companies:

0,00

c) Due to other debts:

519.367,00

375.597,00

332.124,00

259.784,00

280.627,00

d) Losses from financial investments:

50.000,00

0,00

A.7. Financial investment provision change:

0,00

A.8. Exchange losses:

29.941,00

46.288,00

38.579,00

684,00

32.340,00

A.II. POSITIVE FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8):

0,00

A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II):

468.719,00

1.310.327,00

1.237.317,00

364.209,00

458.135,00

A.9. Changes in provisions for intangible, tangible and securities portfolio:

0,00

A.10. Losses from tangible and intangible fixed assets and portfolio:

270.208,00

403.000,00

51.202,00

16.951,00

8.728,00

A.11. Losses from transactions with own shares and debentures:

0,00

A.12. Extraordinary expenses:

0,00

4.843,00

434.166,00

0,00

A.13. Prior year expenses and losses:

0,00

A.IV. EXTRAORDINARY PROFIT (B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13):

0,00

2.580,00

66.231,00

A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV):

217.472,00

902.484,00

751.949,00

366.789,00

524.366,00

A.14. Corporation Tax:

98.941,00

295.712,00

260.124,00

105.864,00

110.362,00

A.15. Miscellaneous taxes:

0,00

A.VI. FINANCIAL YEAR RESULT (PROFIT) (A.V-A.14-A.15):

118.531,00

606.772,00

491.824,00

260.925,00

414.004,00

MERCANTILE REGISTRY.

EQUIVALENCIA

CREDIT

2014

2013

2012

2011

2010

B) INCOME ( B.1 to B.8):

23.994.411,00

22.040.435,00

17.853.998,00

14.144.626,00

11.126.079,00

B.1. Operating income:

23.952.955,00

22.037.208,00

17.764.986,00

14.124.321,00

11.049.135,00

a) Net total sales:

23.362.236,00

21.396.220,00

17.579.910,00

13.905.321,00

10.685.590,00

b) Miscellaneous operating income:

590.719,00

640.988,00

185.076,00

219.000,00

363.545,00

B.I. PÉRDIDAS DE EXPLOTACIÓN (A.1+A.2+A.3+A.4+A.5-B.1 ):

0,00

B.2. Financial income:

22.495,00

3.227,00

89.012,00

774,00

1.985,00

a) Companies of the group:

0,00

b) In associated companies:

0,00

c) Miscellaneous:

22.495,00

3.227,00

89.012,00

774,00

1.985,00

d) Profit on financial investment:

0,00

B.3. Exchange gains:

0,00

B.II. NEGATIVE FINANCIAL RESULTS (A.6+A.7+A.8-B.2-B.3):

576.813,00

418.658,00

281.691,00

259.694,00

310.982,00

B.III. LOSSES ON ORDINARY ACTIVITIES ( B.I + B.II - A.I - A.II ):

0,00

B.4. Profit on disposal of both tangible and intangible fixed assets and securities portfolio:

0,00

4.581,00

272,00

B.5. Profit on transactions with own shares and debentures:

0,00

B.6. Capital grants transferred to profit and loss:

0,00

B.7. Extraordinary income:

18.961,00

0,00

14.950,00

74.687,00

B.8. Income and profit of former financial years:

0,00

B.IV. NEGATIVE EXTRAORDINARY RESULTS (A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8):

251.247,00

407.843,00

485.368,00

0,00

B.V. LOSSES BEFORE TAXES (B.III+B.IV-A.III-A.IV):

0,00

B.VI. FINANCIAL YEAR RESULTS (LOSSES) (B.V+A.14+A.15):

0,00

MERCANTILE REGISTRY.

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.

2014

2013

2012

2011

2010

1. Fiscal year result before taxes.: 61100

217.472,00

902.484,00

751.949,00

362.208,00

524.094,00

2. Results adjustments.: 61200

2.056.746,00

1.815.367,00

943.107,00

1.469.531,00

881.084,00

a) Fixed Assets Amortization (+).: 61201

1.115.282,00

993.709,00

739.624,00

649.987,00

536.858,00

b) Obsolescence Allowances (+/-). : 61202

415.440,00

403.000,00

-26.461,00

300.676,00

9.000,00

d) Allocation of grants (-).: 61204

-5.997,00

0,00

e) Results on disposal of fixed assets (+/-). : 61205

5.208,00

0,00

-26.470,00

24.244,00

f) Results on disposal of financial instruments (+/-).: 61206

0,00

-51.748,00

285.644,00

0,00

g) Financial income (-).: 61207

-22.495,00

-3.227,00

-89.012,00

-774,00

-1.985,00

h) Financial Expenses (+). : 61208

519.367,00

375.597,00

332.124,00

259.784,00

280.627,00

i) Exchange differences (+/-). : 61209

29.941,00

46.288,00

38.579,00

684,00

32.340,00

3. Changes in current capital equity.: 61300

-1.047.706,00

-3.846.165,00

-3.035.846,00

-1.409.416,00

-1.311.152,00

a) Stock (+/-).: 61301

956.028,00

-1.799.668,00

-1.938.217,00

-1.614.889,00

-1.480.765,00

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

-2.534.286,00

-2.428.337,00

-1.612.513,00

-573.846,00

-556.869,00

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

-26.519,00

-31.217,00

-14.221,00

-16.198,00

1.495,00

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

575.733,00

425.504,00

610.611,00

795.517,00

724.986,00

e) Other current liabilities (+/-).: 61305

-18.662,00

-12.447,00

-10.059,00

0,00

f) Other non-current assets and liabilities (+/-).: 61306

0,00

-71.447,00

0,00

4. Other cash flows for operating activities.: 61400

-626.301,00

-458.934,00

-300.439,00

-330.831,00

-374.412,00

a) Interest payments (-). : 61401

-519.367,00

-375.597,00

-332.124,00

-259.784,00

-220.627,00

c) Interest collection (+). : 61403

22.495,00

3.227,00

89.012,00

774,00

1.985,00

d) Income tax payment collection (payments) (+/-).: 61404

-129.429,00

-86.564,00

-57.326,00

-44.641,00

-156.219,00

e) Other payments (payment collection) (-/+) : 61405

0,00

-27.180,00

449,00

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

600.211,00

-1.587.248,00

-1.641.229,00

91.492,00

-280.386,00

6. Payments for investment (-).: 62100

-1.573.751,00

-2.324.565,00

-972.612,00

-2.357.172,00

-1.300.685,00

a) Companies of the group and affiliates. : 62101

-7.413,00

-102.562,00

201.023,00

-1.250.000,00

-493.529,00

b) Intangible fixed assets. : 62102

-247.715,00

-540.408,00

-206.943,00

-304.725,00

-413.806,00

c) Fixed assets. : 62103

-1.008.736,00

-1.431.734,00

-904.865,00

-722.074,00

-367.177,00

e) Other financial assets. : 62105

-6.717,00

-42.649,00

-61.827,00

-80.373,00

-26.173,00

h) Other assets. : 62108

-303.170,00

-207.212,00

0,00

7. Divestment payment collection (+). : 62200

3.017,00

0,00

25.000,00

7.657,00

b) Intangible fixed assets. : 62202

2.228,00

0,00

25.000,00

0,00

e) Other financial assets. : 62205

0,00

7.657,00

h) Other assets. : 62208

789,00

0,00

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

-1.570.734,00

-2.324.565,00

-972.612,00

-2.332.172,00

-1.293.028,00

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

799.991,00

0,00

4.924.144,00

0,00

1.571.320,00

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

799.991,00

0,00

4.924.144,00

0,00

1.571.320,00

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

247.490,00

3.631.876,00

-1.926.299,00

2.097.553,00

160.637,00

a) Issuance : 63201

2.611.713,00

4.989.270,00

1.091.262,00

1.560.341,00

1.329.470,00

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

2.764.540,00

4.989.270,00

1.333.557,00

1.330.443,00

1.287.207,00

3. Debts incurred with companies of the group and affiliates (+).: 63204

0,00

-173.165,00

242.898,00

0,00

5. Other debts (+). : 63206

-152.827,00

0,00

-69.130,00

-13.000,00

42.262,00

b) Repayment and amortization of : 63207

-2.364.223,00

-1.357.394,00

-3.017.561,00

537.212,00

-1.168.833,00

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

-2.487.630,00

-1.220.553,00

-2.998.730,00

554.278,00

-1.131.574,00

3. Debts incurred with companies of the group and affiliates (-). : 63210

0,00

-69.733,00

0,00

5. Other debts (-). : 63212

123.407,00

-67.108,00

-18.831,00

-17.066,00

-37.259,00

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

0,00

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

1.047.481,00

3.631.876,00

2.997.845,00

2.097.553,00

1.731.957,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

-38.579,00

0,00

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

76.958,00

-279.937,00

345.425,00

-143.128,00

158.544,00

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

450.585,00

730.522,00

385.098,00

528.226,00

369.682,00

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

527.543,00

450.585,00

730.524,00

385.098,00

528.226,00

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

2014

2013

Variación 2014 - 2013

Empresa

Sector

Empresa

Sector

Empresa

Sector

Cash Flow over Sales:

0,00 %

0,03 %

-0,01 %

0,01 %

125,18 %

107,86 %

EBITDA over Sales:

9,25 %

15,16 %

12,73 %

11,43 %

-27,32 %

32,63 %

Cash Flow Yield:

0,00 %

0,01 %

-0,01 %

0,01 %

125,89 %

89,15 %

Profitability

2014

2013

Variación 2014 - 2013

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

3,22 %

11,76 %

5,60 %

6,98 %

-42,45 %

68,43 %

Total economic profitability:

2,68 %

4,73 %

4,94 %

3,83 %

-45,70 %

23,50 %

Financial profitability:

0,84 %

6,80 %

4,60 %

4,43 %

-81,74 %

53,57 %

Margin:

3,24 %

10,00 %

6,02 %

6,79 %

-46,21 %

47,32 %

Mark-up:

0,83 %

8,31 %

4,12 %

4,61 %

-79,87 %

80,27 %

Solvency

2014

2013

Variación 2014 - 2013

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,06

0,20

0,06

0,13

11,12

50,63

Acid Test:

1,13

0,81

0,96

0,86

17,89

-5,36

Working Capital / Investment:

0,36

-0,01

0,36

0,05

-0,99

-118,44

Solvency:

2,20

1,11

2,19

1,18

0,52

-5,69

Indebtedness

2014

2013

Variación 2014 - 2013

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

0,95

1,47

0,96

1,38

-1,51

6,41

Borrowing Composition:

0,60

1,60

0,61

1,00

-0,04

60,11

Repayment Ability:

173,37

48,73

-45,24

89,35

483,19

-45,45

Warranty:

2,06

1,68

2,04

1,73

0,78

-3,08

Generated resources / Total creditors:

0,10

0,08

0,13

0,08

-23,85

-3,44

Efficiency

2014

2013

Variación 2014 - 2013

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,64

2,25

1,89

1,87

-13,45

20,05

Turnover of Collection Rights :

2,91

6,26

3,25

5,06

-10,51

23,76

Turnover of Payment Entitlements:

4,51

3,63

4,58

3,67

-1,43

-0,83

Stock rotation:

2,63

12,24

2,10

7,32

25,18

67,21

Assets turnover:

1,00

1,18

0,93

1,03

6,99

14,33

Borrowing Cost:

3,89

3,11

2,97

2,86

31,26

8,84

> Trend of indicators under the General Accounting Plan of 2007 (2014, 2013, 2012, 2011, 2010)

Cash Flow

2014

2013

2012

2011

2010

Cash Flow over Sales:

0,00 %

-0,01 %

0,02 %

-0,01 %

0,01 %

EBITDA over Sales:

9,25 %

12,73 %

12,85 %

9,16 %

12,22 %

Cash Flow Yield:

0,00 %

-0,01 %

0,02 %

-0,01 %

0,01 %

Profitability

2014

2013

2012

2011

2010

Operating economic profitability:

3,22 %

5,60 %

7,59 %

4,13 %

6,04 %

Total economic profitability:

2,68 %

4,94 %

5,13 %

3,75 %

5,98 %

Financial profitability:

0,84 %

4,60 %

3,91 %

3,61 %

6,05 %

Margin:

3,24 %

6,02 %

8,26 %

4,30 %

6,88 %

Mark-up:

0,83 %

4,12 %

6,68 %

2,46 %

4,07 %

Solvency

2014

2013

2012

2011

2010

Liquidity:

0,06

0,16

0,07

0,19

Acid Test:

1,13

0,96

1,13

0,55

1,09

Working Capital / Investment:

0,36

0,40

0,19

0,35

Solvency:

2,20

2,19

2,88

1,54

2,67

Indebtedness

2014

2013

2012

2011

2010

Indebtedness level:

0,95

0,96

0,68

1,34

0,97

Borrowing Composition:

0,60

0,61

0,86

0,62

1,36

Repayment Ability:

173,37

-45,24

24,80

-66,29

41,69

Warranty:

2,06

2,04

2,47

1,75

2,03

Generated resources / Total creditors:

0,10

0,13

0,14

0,12

0,14

Efficiency

2014

2013

2012

2011

2010

Productivity:

1,64

1,89

1,83

1,53

1,68

Turnover of Collection Rights :

2,91

3,25

4,09

5,16

5,12

Turnover of Payment Entitlements:

4,51

4,58

4,20

4,19

4,63

Stock rotation:

2,63

2,10

2,07

2,35

2,33

Assets turnover:

1,00

0,93

0,92

0,96

0,88

Borrowing Cost:

3,89

2,97

3,88

2,74

4,25

COMPARATIVE SECTORIAL BALANCE

Sector-based Comparison under the rules of the New General Accounting Plan.

Variación -

Empresa

Sector

Variación -

Empresa

Sector

Variación -

Empresa

Sector

News

Finanzas.com

15/05/2014

Economía/Empresas.- Eurekakids abre siete tiendas en España, Francia, Austria y Colombia

Companies related

Alimarket

19/11/2013

'Eurekakids' sigue llegando a nuevos mercados

Companies related

Public Tenders and Works Won

No Public Tenders assigned to the name of the company.

Detail of Subsidies appearing in Balances Memories

Entity

ORGANISMO NO ESPECIFICADO

Status

CONCEDIDA

Amount Granted

1.474,25

Notes

Imputado a resultados.

Research Summary

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.76
UK Pound	1	Rs.97.80
Euro	1	Rs.69.91

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	ANK

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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

Enquiry Details

Identification

Activity

Chronological Summary

Main Historic Changes

Breakdown of Owners' Equity

Updated Evolution of the Subscribed and Paid-in Capital

Active Social Bodies

Historical Social Bodies

Executive board

Defaults, Legal Claims and Insolvency Proceedings

LEGAL CLAIMS

Link List

Financial Accounts and Balance Sheets

CASHFLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

News

Public Tenders and Works Won

Detail of Subsidies appearing in Balances Memories

Research Summary

Unit