MIRA INFORM REPORT
|
Report No. : |
313358 |
|
Report Date : |
19.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
NOLAM EMBEDDED SYSTEMS |
|
|
|
|
Registered Office : |
Nolam
Embedded Systems 8 Rue D Estienne D Orves 94000 Creteil |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
March 2006 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engineering, technical studies |
|
|
|
|
No. of Employee : |
1 or 2 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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) |
|
France |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
FRANCE ECONOMIC OVERVIEW
The French economy is diversified across all sectors. The government
has partially or fully privatized many large companies, including Air France,
France Telecom, Renault, and Thales. However, the government maintains a strong
presence in some sectors, particularly power, public transport, and defense
industries. With at least 82 million foreign tourists per year, France is the
most visited country in the world and maintains the third largest income in the
world from tourism. France's leaders remain committed to a capitalism in which
they maintain social equity by means of laws, tax policies, and social spending
that mitigate economic inequality. France's real GDP stagnated in 2012 and
2013. The unemployment rate (including overseas territories) increased from
7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France
decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the
fourth quarter of 2013. Lower-than-expected growth and high spending have
strained France's public FINANCES
.
The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009
before improving to 4.1% of GDP in 2013, while France's public debt rose from
68% of GDP to nearly 94% over the same period. In accordance with its EU
obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in
2015. The administration of President Francois HOLLANDE has implemented greater
state support for employment, the separation of banks' traditional deposit
taking and lending activities from more speculative businesses, increasing the
top corporate and personal tax rates, including a temporary 75% tax on wages
over one million euros, and hiring an additional 60,000 teachers during his
five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed
primarily at lowering labor costs in return for businesses’ commitment to
create jobs. Despite stagnant growth and fiscal challenges, France's borrowing
costs have declined in recent years because INVESTORSremain
attracted to the liquidity of France’s bonds.
|
Source
: CIA |
Company
summary
|
Name |
NOLAM
EMBEDDED SYSTEMS |
|
|
|
Acronym |
- |
|
|
|
Trade name |
- |
|
|
|
Type of Establishment |
Head Office |
|
|
|
Postal Address |
NOLAM EMBEDDED SYSTEMS |
|
|
|
|
8 RUE D ESTIENNE D ORVES |
|
|
|
|
94000 CRETEIL |
|
|
|
Telephone |
01 73 71 30 06 |
|
|
|
Share Capital |
50,000 Euros |
|
|
|
Incorporiation Date |
03/2006 |
Nationality |
France |
|
APE/NAF Code |
7112B |
Currency |
Euros |
|
Activity (APE) |
Engineering, technical studies |
Last account Date |
31/12/2010 |
|
Formation Date |
03/2006 |
Fax |
- |
|
Deregistration Date |
- |
|
|
|
EUR VAT Number |
FR46489115980 |
Legal form |
Limited Liability Company |
|
Court Registry Number |
20 0 6B01152 |
|
|
|
Registration Court |
Creteil (94) |
RCS Registration |
RCS Creteil B 489 115 980 |
Key Financials
|
YEAR
TO DATE |
TURNOVER |
GROSS
OPERATING SURPLUS |
SHAREHOLDER'S
EQUITY NET RESULT |
|
EMPLOYEES |
|
31/12/2010 |
622,653€ |
0.80% Turnover |
158,758€ |
42,167€ |
1 or 2 employees |
|
31/12/2009 |
353,075€ |
6.03% Turnover |
116,591€ |
29,994€ |
- |
|
31/12/2008 |
124,917€ |
-16.61% Turnover |
86,597€ |
-6,427€ |
- |
Directors
Current Directors 1
Preferential
Right
This company is not under monitoring
Payment Information Summary
– Trade Payment Data
|
Total number of Invoices available |
7 |
|
Total number of Invoices paid within
or up to 30 days after the
due date |
1 |
|
Total number of Invoices paid more
than 30 days after the dues date |
6 |
|
Total number of Invoices currently
outstanding where the due date has
not yet been reached |
0 |
|
Total number of Invoices currently
outstanding beyond the due date |
0 |
Trends
Profitability
Liquidity
Net Worth
Establishment Details
|
Type of Establishment |
Head Office |
Production Role |
- |
|
APE/NAF Code |
7112B |
Activity |
Ingénierie, études techniques |
|
Formation Date |
03/2006 |
Reason for Formation |
Formation |
|
Closure Date |
- |
Reason for Closure |
- |
|
Reactivation Date |
- |
Seasonality |
- |
|
Activity Nature |
Other |
Activity Location |
Other |
|
Trading Address |
8 RUE D ESTIENNE D ORVES |
Department |
|
|
|
|
|
Val-de-Marne (94) |
|
|
94000 CRETEIL |
|
|
|
Location Surface |
- |
District |
1 |
|
City |
CRETEIL |
Status |
Economically active |
|
Business Pages FT® |
- |
Region |
Ile-de-France |
|
|
|
Area |
90 |
|
|
|
Size of Urban Area |
Paris conglomeration |
Other Establishment(s)
|
|
|
|
Regionality |
Legal unit with all establishments
in same area |
|
Mono-activity status |
Legal unit having all establishments
with the same main activity |
|
Branches |
1 branch entities in this company |
|
Company Name |
Company Type |
APE/NAF Code |
Activity |
City |
Post Code |
|
|
|
|
|
|
|
|
NOLAM EMBEDDED SYSTEMS |
Head Office |
7112B |
Ingénierie, études techniques |
CRETEIL |
94000 |
|
NOLAM EMBEDDED SYSTEMS |
Branch |
7112B |
Ingénierie, études techniques |
TROYES |
10000 |
Workforces
|
Workforce at address |
1 or 2 employees |
Company workforce |
1 or 2 employees |
Commentary
The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.
The decrease in pre-tax profit over the last two accounting periods is 295 %
The decrease in the pre-tax profit margin over the last two accounting periods is 210 %
The decrease in the return on capital employed over the last two accounting periods is 243 %
The pre-tax profit is -18,548 €
The receivables value is 178,351 €
The tangible fixed assets are 0 €
The trade payables value is 76,320 €
The sales to current assets ratio is 2.16
The ratio total assets to total liabilities is 2.18
The company is 8 years old
Region code with low risk rating
Industry code with low risk rating
Low risk workforce size
The stocks value is 0 €
The net turnover is 622,653 €
The net current assets are 287,842 €
The financial liabilities are 531 €
The increase in the current ratio over the last two accounting periods is 24 %
The decrease in the gearing percentage over the last two accounting periods is 95 %
The increase in the equity percentage over the last two accounting periods is 13
COLLECTIVE PROCEDURES
No judgment information for the company
PREFERENTIAL RIGHTS DETAILS AND HISTORY
|
Status of collection |
This company is not under monitoring |
GROUP DATA
No group information available for
the company
SHAREHOLDERS
No Shareholders available for this company
LINKAGES
No Linkages information available for
the company.
DIRECTOR(S)
|
Name |
Mme. NAKACHE VERA KETTY |
|
|
|
Manager position |
Manager |
Date of birth |
07/09/1952 |
|
Place of birth |
TUNIS(TUNISIE) |
|
|
|
Type |
Individual |
Name at birth |
SITBON |
PREVIOUS DIRECTORS
|
Manager position |
Title and name |
Date of Birth/Place of Birth |
|
Manager |
MME. NAKACHE VERA |
07/09/1952 - TUNISIE |
STATUS HISTORY
No Status History
RECENT PUBLICATIONS IN GAZETTES
Publication date Gazette
Name Description
28/11/2011 Bodacc C Comptes annuels et rapports
94 - VAL-DE-MARNE
GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL
15181 - 489115980 RCS. NOLAM EMBEDDED SYSTEMS. Forme: Societe a
responsabilite limitee. Adresse : 8 rue d'Estienne
d'Orves 94000 Creteil. Commentaires: Comptes annuels et
rapports de l'exercice clos le : 31/12/2010.
28/06/2010 Bodacc C Comptes annuels et rapports
94 - VAL-DE-MARNE
GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL
11700 - 489115980 RCS. NOLAM EMBEDDED SYSTEMS. Forme: Societe a
responsabilite limitee. Adresse: 8 rue d'Estienne
d'Orves 94000 Creteil. Commentaires: Comptes annuels et
rapports de l'exercice clos le : 31/12/2009.
15/06/2010 Bodacc B Modification et mutation diverse
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL
2593 - 489 115 980 RCS Creteil. NOLAM EMBEDDED SYSTEMS. Forme: Societe a
responsabilite limitee. Capital: 50000 EUR.
Commentaires : Modification du capital.
03/06/2010 JAL Modification of the share capital
VAL DE MARNE INFOS
Date de decision : 21/05/2010
La societe: 489115980 - NOLAM EMBEDDED SYSTEMS, 8 RUE D
ESTIENNE D ORVES, 94000 CRETEIL a subi une augmentation de son capital social
desormais de 50 000 €
31/07/2009 Bodacc C Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL
10678 - 489115980 RCS. NOLAM EMBEDDED SYSTEMS. Forme: Societe a
responsabilite limitee. Adresse : 8 rue d'Estienne
d'Orves 94000 Creteil. Commentaires: Comptes annuels et
rapports de l'exercice clos le : 31/12/2008.
07/04/2009 Bodacc C Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL
11297 - 489115980 RCS. NOLAM EMBEDDED SYSTEMS. Forme: Societe a
responsabilite limitee. Adresse: 8 rue d'Estienne
d'Orves 94000 Creteil. Commentaires: Comptes annuels et
rapports de l'exercice clos le : 31/12/2007.
03/06/2008 Bodacc B Modification et mutation diverse
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL
1497 - 489 115 980 RCS Creteil. NOLAM EMBEDDED SYSTEMS. Forme: Societe a
responsabilite limitee. Capital: 10000 EUR. Commentaires: Modification du
capital.
03/04/2007 Bodacc B Modifications et mutations diverses
2125 - RCS Creteil B 489 115 980. RC 06-B 1152. NOLAM EMBEDDED SYSTEMS.
Forme : S.A.R.L. Capital : 120 000 euros. Commentaires : modification
survenue sur le capital (augmentation).
Publication date Gazette
Name Description
31/03/2006 Bodacc A Creation d'etablissement
1291 - RCS Creteil B 489 115 980. RC 06-B 1152. NOLAM EMBEDDED SYSTEMS.
Forme : S.A.R.L. Capital : 10 000 euros. Adresse du siege social : 8 rue
d'Estienne-d'Orves, 94000 Creteil. Administration : gerant : SITBON (Vera,
Ketty) (Nom d'usage : NAKACHE). Etablissement principal - Activite :
distribution, elaboration, integration de systemes electroniques, informatiques
et industriels. Adresse : 8 rue d'Estienne-d'Orves, 94000 Creteil. Cette
societe se constitue . Date de debut d'activite : 10 mars 2006.
Company events history
|
Date |
Description |
|
15/02/2015 |
|
|
07/01/2014 |
Update Limit |
|
07/01/2014 |
|
|
18/10/2013 |
|
|
18/10/2013 |
Update Limit |
|
04/05/2012 |
Payment incident closed |
|
28/11/2011 |
Bodacc C : Deposit accounts notice |
|
11/11/2011 |
Consideration of a balance sheet
that has led to a reassessment of
this company's creditworthiness |
|
31/12/2010 |
New accounts available |
|
28/06/2010 |
Bodacc C : Deposit accounts notice |
|
15/06/2010 |
Bodacc B: Various editing or changing |
|
02/06/2010 |
Capital increase |
|
02/06/2010 |
Minutes of general meeting of
shareholders |
|
02/06/2010 |
Updated articles of association |
|
21/05/2010 |
Legal Gazette: Modification of the
share capital |
|
21/05/2010 |
Other modification of Establishment |
|
31/12/2009 |
New accounts available |
|
01/12/2009 |
Formation of Establishment |
|
24/11/2009 |
Update of Company Workforce |
|
24/11/2009 |
Update of Company Activity |
|
24/11/2009 |
Modification of Company Activity |
|
31/07/2009 |
Bodacc C : Deposit accounts notice |
|
07/04/2009 |
Bodacc C : Deposit accounts notice |
|
31/12/2008 |
New accounts available |
|
03/06/2008 |
New Bodacc B ads detected |
|
03/06/2008 |
Bodacc B: Various editing or changing |
|
23/05/2008 |
Minutes of general meeting of
shareholders |
|
23/05/2008 |
Capital reduction |
|
23/05/2008 |
Capital increase |
|
23/05/2008 |
Minutes of general meeting of
shareholders |
|
23/05/2008 |
Updated articles of association |
|
23/05/2008 |
Updated articles of association |
|
23/05/2008 |
Private document |
|
31/12/2007 |
Other modification of Establishment |
|
31/12/2007 |
New accounts available |
|
12/03/2007 |
Updated articles of association |
|
12/03/2007 |
Private document |
|
12/03/2007 |
Minutes of general meeting of
shareholders |
|
12/03/2007 |
Minutes of general meeting of
shareholders |
|
12/03/2007 |
Updated articles of association |
|
12/03/2007 |
Capital increase |
|
12/03/2007 |
Capital increase |
|
17/03/2006 |
Company formation |
|
17/03/2006 |
Articles of association |
|
17/03/2006 |
Private document |
Synthesized Accounts
ANNUAL ACCOUNTS
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
Account period |
|
|
|
|
|
12 |
12 |
12 |
|
(month) |
|
|
|
|
Account Type |
Normal |
Normal |
Normal |
|
Date of capture |
09/11/2011 |
05/06/2010 |
- |
|
Activity Code |
7112B |
7112B |
7112B |
|
Employees |
0 |
0 |
0 |
ACTIVE ACCOUNT
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|
Capital not called |
0 |
0% |
0 |
0% |
0 |
0 |
0% |
|
Total fixed assets |
5,801 |
-66.0 % |
17,060 |
-39.8 % |
28,319 |
10,625 |
-45.4 % |
|
- Intangible assets |
5,630 |
-66.7 % |
16,889 |
-40.0 % |
28,148 |
0 |
0% |
|
- Tangible assets |
0 |
0% |
0 |
0% |
0 |
3,979 |
0% |
|
- Financial assets |
171 |
0% |
171 |
0% |
171 |
370 |
-53.7 % |
|
Net current assets |
287,842 |
21.0 % |
237,866 |
75.7 % |
135,408 |
130,566 |
120.5 % |
|
- Stocks |
0 |
0% |
0 |
0% |
0 |
0 |
0% |
|
- Advanced |
|
|
|
|
|
|
|
|
|
0 |
0% |
0 |
0% |
0 |
0 |
0% |
|
payments |
|
|
|
|
|
|
|
|
- Receivables |
178,351 |
47.9 % |
120,589 |
88.9 % |
63,837 |
62,254 |
186.5 % |
|
- Securities and cash |
109,491 |
-6.6 % |
117,277 |
63.9 % |
71,571 |
33,607 |
225.8 % |
|
- Prepaid expenses |
- |
- |
- |
- |
- |
118 |
- |
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
||
|
Accounts of regularization |
0 |
0% |
0 |
0% |
0 |
0 |
0% |
|
|
Total Assets |
293,642 |
15.2 % |
254,926 |
55.7 % |
163,727 |
161,555 |
81.8 % |
|
PASSIVE ACCOUNT
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|
Shareholders' equity |
158,758 |
36.2 % |
116,591 |
34.6 % |
86,597 |
56,429 |
181.3 % |
|
Share capital |
50,000 |
400.0 % |
10,000 |
0% |
10,000 |
10,000 |
400.0 % |
|
Other capital resources |
0 |
0% |
0 |
0% |
0 |
0 |
0% |
|
Risk Provisions |
0 |
0% |
0 |
0% |
0 |
0 |
0% |
|
Liabilities |
134,884 |
-2.5 % |
138,336 |
79.4 % |
77,130 |
85,087 |
58.5 % |
|
- Financial liabilities |
531 |
-92.8 % |
7,337 |
-36.2 % |
11,496 |
6,773 |
-92.2 % |
|
- Advanced payments received |
0 |
0% |
0 |
0% |
0 |
0 |
0% |
|
- Trade account payables |
76,320 |
-17.3 % |
92,279 |
119.8 % |
41,991 |
10,837 |
604.3 % |
|
- Tax and social liabilities |
58,033 |
75.0 % |
33,162 |
40.3 % |
23,643 |
47,744 |
21.6 % |
|
- Other debts and fixed assets liabilities |
0 |
0% |
5,558 |
0% |
0 |
3,069 |
0% |
|
Account regularization |
0 |
0% |
0 |
0% |
0 |
0 |
0% |
|
Total liabilities |
293,642 |
15.2 % |
254,926 |
55.7 % |
163,727 |
161,540 |
81.8 % |
RESULT
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|
Sales of Goods |
624,004 |
66.5 % |
374,675 |
136.1 % |
158,695 |
195,600 |
219.0 % |
|
Net turnover |
622,653 |
76.4 % |
353,075 |
182.6 % |
124,917 |
185,266 |
236.1 % |
|
- of which net export turnover |
0 |
0% |
0 |
0% |
0 |
0 |
0% |
|
Operating charges |
635,903 |
74.4 % |
364,658 |
97.0 % |
185,076 |
180,856 |
251.6 % |
|
Operating profit/loss |
-11,899 |
-218.8 % |
10,017 |
138.0 % |
-26,381 |
11,127 |
-206.9 % |
|
Financial income |
1,349 |
507.7 % |
222 |
-3.9 % |
231 |
4 |
33625.0 % |
|
Financial charges |
3,871 |
272.9 % |
1,038 |
79.3 % |
579 |
193 |
1905.7 % |
|
Financial profit/loss |
-2,522 |
-209.1 % |
-816 |
-134.5 % |
-348 |
0 |
0% |
|
Pretax net operating income |
-14,421 |
-256.7 % |
9,201 |
134.4 % |
-26,729 |
11,226 |
-228.5 % |
|
Extraordinary income |
582 |
66.3 % |
350 |
8650.0 % |
4 |
0 |
0% |
|
Extraordinary charges |
4,710 |
31300.0 % |
15 |
-25.0 % |
20 |
49 |
9512.2 % |
|
Extraordinary profit/loss |
-4,128 |
-1332.2 % |
335 |
2193.8 % |
-16 |
0 |
0% |
|
Net result |
42,167 |
40.6 % |
29,994 |
566.7 % |
-6,427 |
10,658 |
295.7 % |
Accounts – Active
NORMAL
ACCOUNT
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
Months |
12 |
12 |
12 |
GRAND
TOTAL - ACTIVE ACCOUNTS (I TO VI)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Grand Total (I to VI) |
Net |
293,642 |
15.2 % |
254,926 |
55.7 % |
163,727 |
|
Gross |
CO |
321,790 |
18.4 % |
271,815 |
60.5 % |
169,357 |
|
Amortisation |
1A |
28,148 |
66.7 % |
16,889 |
200.0 % |
5,630 |
|
NON DECLARED DISTRIBUTED CAPITAL (I) |
||||||
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Non declared |
|
|
|
|
|
|
|
distributed capital |
AA3 |
0 |
0% |
0 |
0% |
0 |
|
(I) |
|
|
|
|
|
|
|
Gross |
AA |
0 |
0% |
0 |
- |
- |
|
ACTIVE FIXED ASSET (II) |
||||||
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total Active fixed asset (II) |
Net |
5,801 |
-66.0 % |
17,060 |
-39.8 % |
28,319 |
|
Gross |
BJ |
33,949 |
0% |
33,949 |
0% |
33,949 |
|
Amortisation |
BK |
28,148 |
66.7 % |
16,889 |
200.0 % |
5,630 |
|
INTANGIBLE FIXED ASSETS |
||||||
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Start-up cost |
Net |
0 |
0% |
0 |
0% |
0 |
|
Gross |
AB |
0 |
0% |
0 |
0% |
0 |
|
Amortisation |
AC |
0 |
0% |
0 |
0% |
0 |
|
R&D expenses |
Net |
5,630 |
-66.7 % |
16,889 |
-40.0 % |
28,148 |
|
Gross |
CX |
33,778 |
0% |
33,778 |
0% |
33,778 |
|
Amortisation |
AE |
28,148 |
66.7 % |
16,889 |
200.0 % |
5,630 |
|
Distributorships, patents |
Net |
0 |
0% |
0 |
0% |
0 |
|
Gross |
AF |
0 |
0% |
0 |
0% |
0 |
|
Amortisation |
AG |
0 |
0% |
0 |
0% |
0 |
|
Goodwill |
Net |
0 |
0% |
0 |
0% |
0 |
|
Gross |
AH |
0 |
0% |
0 |
0% |
0 |
|
Amortisation |
AI |
0 |
0% |
0 |
0% |
0 |
|
Other intangible fixed assets |
Net |
0 |
0% |
0 |
0% |
0 |
|
Gross |
AJ |
0 |
0% |
0 |
0% |
0 |
|
Amortisation |
AK |
0 |
0% |
0 |
0% |
0 |
|
Pre-payments and downpayments |
Net |
0 |
0% |
0 |
0% |
0 |
|
Gross |
AL |
0 |
0% |
0 |
0% |
0 |
|
Amortisation |
AM |
0 |
0% |
0 |
0% |
0 |
|
Sub Total Intangible asset |
Net |
5,630 |
-66.7 % |
16,889 |
-40.0 % |
28,148 |
CURRENT ASSETS (III)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total Assets |
Net |
287,842 |
21.0 % |
237,866 |
75.7 % |
135,408 |
|
Gross CJ |
|
287,842 |
21.0 % |
237,866 |
75.7 % |
135,408 |
|
Amortisation CK |
|
0 |
0% |
0 |
0% |
0 |
DEBTORS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Trade accounts |
Net |
110,243 |
14.6 % |
96,187 |
160.3 % |
36,956 |
|
receivable |
|
|
|
|
|
|
|
Gross |
BX |
110,243 |
14.6 % |
96,187 |
160.3 % |
36,956 |
|
Amortisation |
BY |
0 |
0% |
0 |
0% |
0 |
|
Other debtors |
Net |
62,684 |
156.9 % |
24,402 |
0.5 % |
24,272 |
|
Gross |
BZ |
62,684 |
156.9 % |
24,402 |
0.5 % |
24,272 |
|
Amortisation |
CA |
0 |
0% |
0 |
0% |
0 |
|
Capital subscribed |
|
|
|
|
|
|
|
|
Net |
0 |
0% |
0 |
0% |
0 |
|
and called up |
|
|
|
|
|
|
|
Gross |
CB |
0 |
0% |
0 |
0% |
0 |
|
Amortisation |
CC |
0 |
0% |
0 |
0% |
0 |
|
Sub Total debtors
|
Net |
172,927 |
43.4 % |
120,589 |
97.0 % |
61,228 |
DIVERS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Investment |
Net |
0 |
0% |
0 |
0% |
0 |
|
securities |
|
|
|
|
|
|
|
Gross |
CD |
0 |
0% |
0 |
0% |
0 |
|
Amortisation |
CE |
0 |
0% |
0 |
0% |
0 |
|
Cash and cash |
Net |
109,491 |
-6.6 % |
117,277 |
63.9 % |
71,571 |
|
equivalents |
|
|
|
|
|
|
|
Gross |
CF |
109,491 |
-6.6 % |
117,277 |
63.9 % |
71,571 |
|
Amortisation |
CG |
0 |
0% |
0 |
0% |
0 |
|
Sub Total Divers |
Net |
109,491 |
-6.6 % |
117,277 |
63.9 % |
71,571 |
PREPAID EXPENSES
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Prepaid expenses Net |
5,424 |
0% |
0 |
0% |
2,609 |
|
Gross CH |
5,424 |
0% |
0 |
0% |
2,609 |
|
Amortisation CI |
0 |
0% |
0 |
0% |
0 |
Accounts - Passive
GRAND TOTAL - PASSIVE ACCOUNTS (I TO V)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Grand Total (I to V) |
EE |
293,642 |
15.2 % |
254,926 |
55.7 % |
163,727 |
|
|
|
|
|
|
|
|
SHAREHOLDER EQUITY (I)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total shareholders' equity (Total I) |
DL |
158,758 |
36.2 % |
116,591 |
34.6 % |
86,597 |
|
Equity and shareholders' equity |
DA |
50,000 |
400.0 % |
10,000 |
0% |
10,000 |
|
Legal reserve |
DD |
1,000 |
0% |
1,000 |
0% |
1,000 |
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Profits or losses brought forward |
DH |
65,591 |
-13.2 % |
75,597 |
-7.8 % |
82,024 |
|
Profit or loss for the period |
DI |
42,167 |
40.6 % |
29,994 |
566.7 % |
-6,427 |
|
|
|
|
|
|
|
|
LIABILITIES (IV)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total Liabilities (Total IV) |
EC |
134,884 |
-2.5 % |
138,336 |
79.4 % |
77,130 |
|
Convertible debentures |
DS |
0 |
0% |
0 |
0% |
0 |
|
Other debentures |
DT |
0 |
0% |
0 |
0% |
0 |
|
Bank loans and liabilities |
DU |
0 |
0% |
0 |
0% |
0 |
|
Sundry loans and financial liabilities |
DV |
531 |
-92.8 % |
7,337 |
-36.2 % |
11,496 |
|
Of which participating loans |
EI |
0 |
0% |
0 |
0% |
0 |
|
Advance payments |
|
|
|
|
|
|
|
received for current |
DW |
0 |
0% |
0 |
0% |
0 |
|
orders |
|
|
|
|
|
|
|
Trade accounts payables |
DX |
76,320 |
-17.3 % |
92,279 |
119.8 % |
41,991 |
|
Tax and social security liabilities |
DY |
58,033 |
75.0 % |
33,162 |
40.3 % |
23,643 |
|
Fixed asset liabilities |
DZ |
0 |
0% |
0 |
0% |
0 |
REFERENCES
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Deferred income and liabilities |
EG |
134,884 |
-2.5 % |
138,335 |
79.4 % |
77,130 |
|
|
|
|
|
|
|
|
Result account
1
- OPERATING RESULT (I-II)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Operating result (I-II) |
GG |
-11,899 |
-218.8 % |
10,017 |
138.0 % |
-26,381 |
|
|
|
|
|
|
|
|
2
- FINANCIAL RESULT (V-VI)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Financial result (V-VI) |
GV |
-2,522 |
-209.1 % |
-816 |
-134.5 % |
-348 |
|
|
|
|
|
|
|
|
3
- PRE-TAX NET OPERATING INCOME RESULT (I TO VI)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Pretax net operating income result (I to VI) |
GW |
-14,421 |
-256.7 % |
9,201 |
134.4 % |
-26,729 |
|
|
|
|
|
|
|
|
4
- EXTRAORDINARY RESULT (VII-VIII)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Extraordinary result (VII-VIII) |
HI |
-4,128 |
-1332.2 % |
335 |
2193.8 % |
-16 |
|
|
|
|
|
|
|
|
PROFIT OR LOSS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Profit or loss |
HN |
42,167 |
40.6 % |
29,994 |
566.7 % |
-6,427 |
|
|
|
|
|
|
|
|
TOTAL INCOME (I+III+V+VII)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total Income (I+III+V+VII) |
HL |
625,935 |
66.8 % |
375,247 |
136.1 % |
158,930 |
|
|
|
|
|
|
|
|
TOTAL CHARGES (TOTAL II+IV+VI+VIII+IX+X)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total Charges (Total II+IV+VI+VIII+IX+X)
|
HM |
583,769 |
69.1 % |
345,253 |
108.8 % |
165,357 |
|
|
|
|
|
|
|
|
OPERATING INCOME
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Operating income (I) |
FR |
624,004 |
66.5 % |
374,675 |
136.1 % |
158,695 |
|
|
|
|
|
|
|
|
OPERATING INCOME (DETAILS)
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Sale of goods for resale |
FC |
621,053 |
75.9 % |
353,075 |
182.6 % |
124,917 |
|
|
|
|
|
|
|
|
|
France |
FA |
621,053 |
75.9 % |
353,075 |
182.6 % |
124,917 |
|
Export |
FB |
0 |
0% |
0 |
0% |
0 |
|
Sale of goods |
FF |
0 |
0% |
0 |
0% |
0 |
|
produced |
|
|
|
|
|
|
|
France |
FD |
0 |
0% |
0 |
0% |
0 |
|
Export |
FE |
0 |
0% |
0 |
0% |
0 |
|
Sale of services |
FI |
1,600 |
0% |
0 |
0% |
0 |
|
France |
FG |
1,600 |
0% |
0 |
0% |
0 |
|
Export |
FH |
0 |
0% |
0 |
0% |
0 |
|
Net turnover |
FL |
622,653 |
76.4 % |
353,075 |
182.6 % |
124,917 |
|
France |
FJ |
622,653 |
76.4 % |
353,075 |
182.6 % |
124,917 |
|
Export |
FK |
0 |
0% |
0 |
0% |
0 |
|
Stocked production |
FM |
0 |
0% |
0 |
0% |
0 |
OPERATING CHARGES
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total operating charges (Total II) |
GF |
635,903 |
74.4 % |
364,658 |
97.0 % |
185,076 |
|
|
|
|
|
|
|
|
EXPLOITATION CHARGES
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Purchase of goods for resale |
FS |
252,117 |
62.2 % |
155,466 |
59.1 % |
97,699 |
|
Change in stocks of goods for resale |
FT |
0 |
0% |
0 |
0% |
0 |
|
Purchase of raw materials |
FU |
0 |
0% |
0 |
0% |
0 |
|
Change in stocks of raw materials |
FV |
0 |
0% |
0 |
0% |
0 |
|
Other external |
|
|
|
|
|
|
|
purchases and |
FW |
215,467 |
45.2 % |
148,394 |
283.2 % |
38,722 |
|
charges |
|
|
|
|
|
|
|
Tax, duty and similar payments |
FX |
2,038 |
81.8 % |
1,121 |
3.2 % |
1,086 |
|
Payroll |
FY |
108,164 |
207.3 % |
35,200 |
13.1 % |
31,122 |
|
Social security costs |
FZ |
39,858 |
201.5 % |
13,218 |
22.2 % |
10,817 |
FINANCIAL
INCOME
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total financial income (Total V) |
GP |
1,349 |
507.7 % |
222 |
-3.9 % |
231 |
|
Share financial income |
GJ |
0 |
0% |
0 |
0% |
0 |
|
Other investment |
|
|
|
|
|
|
|
income & capitalised |
GK |
0 |
0% |
0 |
0% |
0 |
|
receivables |
|
|
|
|
|
|
|
Other interest and similar income |
GL |
0 |
0% |
0 |
0% |
0 |
|
Released provisions |
|
|
|
|
|
|
|
and transferred |
GM |
1,349 |
507.7 % |
222 |
0% |
0 |
|
charges |
|
|
|
|
|
|
|
Exchange gains |
GN |
0 |
0% |
0 |
0% |
231 |
|
Net income from |
|
|
|
|
|
|
|
disposal of investment |
GO |
0 |
0% |
0 |
0% |
0 |
|
securities |
|
|
|
|
|
|
FINANCIAL
CHARGE
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total financial charge (Total VI) |
GU |
3,871 |
272.9 % |
1,038 |
79.3 % |
579 |
|
Financial reserves and provisions |
GQ |
0 |
0% |
0 |
0% |
0 |
|
Interest and similar charges |
GR |
0 |
0% |
0 |
0% |
0 |
|
Exchange losses |
GS |
3,871 |
272.9 % |
1,038 |
79.3 % |
579 |
|
Net loss from |
|
|
|
|
|
|
|
disposal of investment |
GT |
0 |
0% |
0 |
0% |
0 |
|
securities |
|
|
|
|
|
|
EXTRAORDINARY
INCOME
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total extraordinary income (Total VII) |
HD |
582 |
66.3 % |
350 |
8650.0 % |
4 |
|
Extraordinary operating income |
HA |
582 |
66.3 % |
350 |
8650.0 % |
4 |
|
Extraordinary income |
|
|
|
|
|
|
|
from capital |
HB |
0 |
0% |
0 |
0% |
0 |
|
transactions |
|
|
|
|
|
|
|
Released provisions |
|
|
|
|
|
|
|
and transferred |
HC |
0 |
0% |
0 |
0% |
0 |
|
charges |
|
|
|
|
|
|
EXTRAORDINARY
CHARGES
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total extraordinary charges (Total VIII) |
HH |
4,710 |
31300.0 % |
15 |
-25.0 % |
20 |
|
Extraordinary operating charges |
HE |
4,710 |
31300.0 % |
15 |
-25.0 % |
20 |
|
Extraordinary |
|
|
|
|
|
|
|
charges from capital |
HF |
0 |
0% |
0 |
0% |
0 |
|
transactions |
|
|
|
|
|
|
|
Extraordinary |
|
|
|
|
|
|
|
reserves and |
HG |
0 |
0% |
0 |
0% |
0 |
TAX
ON PROFITS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Tax on profits (Total X) |
HK |
-60,715 |
-196.8 % |
-20,458 |
-0.7 % |
-20,318 |
Other incomes tax
return forms
FIXED ASSETS
GRAND
TOTAL FIXED ASSETS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Gross value at begin of period |
OG |
0 |
0% |
0 |
0% |
171 |
|
Increasess due to revaluation |
OH |
0 |
0% |
0 |
0% |
0 |
|
Decreasess, |
|
|
|
|
|
|
|
acquisitions, creations, |
OJ |
0 |
0% |
0 |
0% |
33,778 |
|
contributions |
|
|
|
|
|
|
|
Decreasess by budget item transfer |
OK1 |
0 |
0% |
0 |
0% |
0 |
|
Decreasess by transfers |
OK2 |
0 |
0% |
0 |
0% |
0 |
|
Gross value at the end of period |
OL |
33,949 |
0% |
33,949 |
0% |
33,949 |
RESEARCH
AND DEVELOPMENT CHARGE
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Gross value at begin of period |
CZ |
33,778 |
0% |
33,778 |
0% |
0 |
|
Increasess due to |
KB |
0 |
0% |
0 |
0% |
0 |
|
revaluation |
|
|
|
|
|
|
|
Increasess, |
|
|
|
|
|
|
|
acquisitions, creations, |
KC |
0 |
0% |
0 |
0% |
33,778 |
|
contributions |
|
|
|
|
|
|
|
Decreasess by |
CO1 |
0 |
0% |
0 |
0% |
0 |
|
budget item transfer |
|
|
|
|
|
|
|
Decreasess by transfers |
CO2 |
0 |
0% |
0 |
0% |
0 |
|
Gross value at the end of period |
DO |
33,778 |
0% |
33,778 |
0% |
33,778 |
OTHER
BUDGET ITEM FROM INTANGIBLE FIXED ASSETS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Gross value at begin of period |
KD |
0 |
0% |
0 |
0% |
0 |
|
Increasess due to |
KE |
0 |
0% |
0 |
0% |
0 |
|
revaluation |
|
|
|
|
|
|
|
Increasess, |
|
|
|
|
|
|
|
acquisitions, creations, |
KF |
0 |
0% |
0 |
0% |
0 |
|
contributions |
|
|
|
|
|
|
|
Decreasess by |
LV1 |
0 |
0% |
0 |
0% |
0 |
|
budget item transfer |
|
|
|
|
|
|
|
Decreasess by transfers |
LV2 |
0 |
0% |
0 |
0% |
0 |
|
Gross value at the |
LW |
0 |
0% |
0 |
0% |
0 |
|
end of period |
|
|
|
|
|
|
TANGIBLE
FIXED ASSETS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Gross value at begin of period |
LN |
0 |
0% |
0 |
0% |
0 |
|
Increasess due to |
LO |
0 |
0% |
0 |
0% |
0 |
|
revaluation |
|
|
|
|
|
|
|
Increasess, |
|
|
|
|
|
|
|
acquisitions, creations, |
LP |
0 |
0% |
0 |
0% |
0 |
|
contributions |
|
|
|
|
|
|
|
Decreasess by |
NG1 |
0 |
0% |
0 |
0% |
0 |
|
budget item transfer |
|
|
|
|
|
|
|
Decreasess by transfers |
NG2 |
0 |
0% |
0 |
0% |
0 |
|
Gross value at the |
NH |
0 |
0% |
0 |
0% |
0 |
|
end of period |
|
|
|
|
|
|
FINANCIAL
ASSETS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Gross value at begin of period |
LQ |
171 |
0% |
171 |
0% |
171 |
|
Increasess due to revaluation |
LR |
0 |
0% |
0 |
0% |
0 |
|
Gross value at the end of period |
NK |
171 |
0% |
171 |
0% |
171 |
Reserve for
depreciation
SITUATION
AND MOVEMENT OF RESERVE FOR DEPRECIATION - GRAND TOTAL
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Reserve for |
|
|
|
|
|
|
depreciation value ON |
0 |
0% |
0 |
0% |
0 |
|
at begin of period |
|
|
|
|
|
|
Increases OP |
0 |
0% |
0 |
0% |
5,630 |
|
Decreasess OQ |
0 |
0% |
0 |
0% |
0 |
|
Reserve for |
|
|
|
|
|
|
depreciation value OR at the end
of OR |
0 |
0% |
0 |
0% |
5,630 |
|
period |
|
|
|
|
|
|
RESEARCH AND DEVELOPMENT CHARGE |
|||||
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Reserve for |
|
|
|
|
|
|
depreciation value CY |
0 |
0% |
0 |
0% |
0 |
|
at begin of period |
|
|
|
|
|
|
Increases PB |
0 |
0% |
0 |
0% |
5,630 |
|
Decreasess PC |
0 |
0% |
0 |
0% |
0 |
|
Decreasess by |
|
|
|
|
|
|
budget item PD |
0 |
0% |
0 |
0% |
5,630 |
|
transfer |
|
|
|
|
|
|
OTHER INTANGIBLE ASSETS |
|||||
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Reserve for |
|
|
|
|
|
|
depreciation value PE |
0 |
0% |
0 |
0% |
0 |
|
at begin of period |
|
|
|
|
|
|
Increases PF |
0 |
0% |
0 |
0% |
0 |
|
Decreasess PG |
0 |
0% |
0 |
0% |
0 |
|
Decreasess by |
|
|
|
|
|
|
budget item PH |
0 |
0% |
0 |
0% |
0 |
|
transfer |
|
|
|
|
|
MOVEMENTS DURING PERIOD AFFECTING CHARGE ALLOCATED OVER SEVERAL PERIOD
PREMIUM REFUND OF OBLIGATIONS
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Depreciation of fixed assets during period SP |
33,778 |
0% |
33,778 |
0% |
0 |
|
Net value at the end of period SR |
33,778 |
0% |
33,778 |
0% |
0 |
State deadlines claims and debts at the
end of period
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Gross value
VT |
178,521 |
47.8 % |
120,760 |
88.7 % |
64,007 |
|
1 year at most
VU |
178,521 |
47.8 % |
120,760 |
89.2 % |
63,836 |
|
More than one year VV |
0 |
0% |
0 |
0% |
171 |
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Claims related to |
|
|
|
|
|
|
|
shareholdings (1 |
UM |
0 |
0% |
0 |
0% |
0 |
|
year at most) |
|
|
|
|
|
|
|
Loans (gross) |
UP |
0 |
0% |
0 |
0% |
0 |
|
Loans (1 year at most) |
UR |
0 |
0% |
0 |
0% |
0 |
|
Other financial assets (gross) |
UT |
171 |
0% |
171 |
0% |
171 |
|
Other financial |
|
|
|
|
|
|
|
assets (1 year at |
UV |
171 |
0% |
171 |
0% |
0 |
|
most) |
|
|
|
|
|
|
RECEIVABLES
STATEMENT OF ASSETS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Customers doubtful or disputed |
VA |
0 |
0% |
0 |
0% |
0 |
|
Other claims customer |
UX |
110,243 |
14.6 % |
96,187 |
160.3 % |
36,956 |
|
Receivables |
|
|
|
|
|
|
|
represent Loaned |
UU |
0 |
0% |
0 |
0% |
0 |
|
Securities |
|
|
|
|
|
|
|
Provision for |
|
|
|
|
|
|
|
depreciation previously |
UQ |
0 |
0% |
0 |
0% |
0 |
|
established |
|
|
|
|
|
|
|
Personnel and associated accounts |
UY |
0 |
0% |
0 |
0% |
0 |
|
Social Security and |
|
|
|
|
|
|
|
other social |
UZ |
268 |
0% |
0 |
0% |
0 |
|
organizations |
|
|
|
|
|
|
|
Income taxes |
VM |
0 |
0% |
0 |
0% |
0 |
|
Value added tax |
VB |
1,701 |
257.4 % |
476 |
-1.9 % |
485 |
|
Other taxes and payments assimilated |
VN |
0 |
0% |
0 |
0% |
20,318 |
|
State and other |
|
|
|
|
|
|
|
public - |
VP |
60,715 |
196.8 % |
20,458 |
0% |
0 |
|
Miscellaneous |
|
|
|
|
|
|
|
Group and Associates |
VC |
0 |
0% |
0 |
0% |
0 |
|
Accounts receivable |
|
|
|
|
|
|
|
(including claims |
|
|
|
|
|
|
|
relating to the |
VR |
0 |
0% |
3,468 |
0% |
3,468 |
|
operation of pension |
|
|
|
|
|
|
|
titles) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PREPAID
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Prepaid |
VS |
5,424 |
0% |
0 |
0% |
2,609 |
STATE
DEBT
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Total debt (gross) |
VY |
134,884 |
-2.5 % |
138,335 |
79.4 % |
77,130 |
|
1 year at most |
VZ2 |
134,884 |
-2.5 % |
138,335 |
79.4 % |
77,130 |
|
More than 1 year and 5 years at most |
VZ3 |
0 |
0% |
0 |
0% |
0 |
|
More than 5 years |
VZ4 |
0 |
0% |
0 |
0% |
0 |
DETAILS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Convertible bonds (gross) |
7Y1 |
0 |
0% |
0 |
0% |
0 |
|
1 year at most |
7Y2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and |
7Y3 |
0 |
0% |
0 |
0% |
0 |
|
5 years at most |
|
|
|
|
|
|
|
Other bonds (gross) |
7Z1 |
0 |
0% |
0 |
0% |
0 |
|
1 year at most |
7Z2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and 5 years at most |
7Z3 |
0 |
0% |
0 |
0% |
0 |
|
Borrowing & debts |
|
|
|
|
|
|
|
to 1 year maximum |
VG1 |
0 |
0% |
0 |
0% |
0 |
|
at the origin |
|
|
|
|
|
|
|
(gross) |
|
|
|
|
|
|
|
1 year at most |
VG2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and 5 years at most |
VG3 |
0 |
0% |
0 |
0% |
0 |
|
Borrowing & debts |
|
|
|
|
|
|
|
to more than 1 year at the origin |
VH1 |
0 |
0% |
0 |
0% |
0 |
|
(gross) |
|
|
|
|
|
|
|
1 year at most |
VH2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and 5 years at most |
VH3 |
0 |
0% |
0 |
0% |
0 |
|
Loans and various |
|
|
|
|
|
|
|
financial liabilities |
8A1 |
0 |
0% |
0 |
0% |
0 |
|
(gross) |
|
|
|
|
|
|
|
1 year at most |
8A2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and |
8A3 |
0 |
0% |
0 |
0% |
0 |
|
5 years at most |
|
|
|
|
|
|
|
Suppliers and |
|
|
|
|
|
|
|
associated |
8B1 |
76,320 |
-17.3 % |
92,279 |
119.8 % |
41,991 |
|
accounts (gross) |
|
|
|
|
|
|
|
1 year at most |
8B2 |
76,320 |
-17.3 % |
92,279 |
119.8 % |
41,991 |
|
More than 1 year and 5 years at most |
8B3 |
76,320 |
-17.3 % |
92,279 |
0% |
0 |
|
Personnel and |
|
|
|
|
|
|
|
associated |
8C1 |
14,091 |
134.0 % |
6,023 |
92.0 % |
3,137 |
|
accounts (gross) |
|
|
|
|
|
|
|
1 year at most |
8C2 |
14,091 |
134.0 % |
6,023 |
92.0 % |
3,137 |
|
More than 1 year and 5 years at most |
8C3 |
0 |
0% |
0 |
0% |
0 |
|
Social Security and |
|
|
|
|
|
|
|
other social organizations |
8D1 |
20,968 |
88.4 % |
11,131 |
58.9 % |
7,006 |
|
(gross) |
|
|
|
|
|
|
|
1 year at most |
8D2 |
20,968 |
88.4 % |
11,131 |
58.9 % |
7,006 |
|
More than 1 year and |
8D3 |
0 |
0% |
0 |
0% |
0 |
|
5 years at most |
|
|
|
|
|
|
|
Taxes on profits (gross) |
8E1 |
0 |
0% |
0 |
0% |
0 |
|
1 year at most |
8E2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and |
8E3 |
0 |
0% |
0 |
0% |
0 |
|
5 years at most |
|
|
|
|
|
|
|
VAT (Gross) |
VW1 |
21,517 |
38.9 % |
15,495 |
18.1 % |
13,116 |
|
1 year at most |
VW2 |
21,517 |
38.9 % |
15,495 |
18.1 % |
13,116 |
|
More than 1 year and 5 years at most |
VW3 |
0 |
0% |
0 |
0% |
0 |
|
Backed Obligations (gross) |
VX1 |
0 |
0% |
0 |
0% |
0 |
|
1 year at most |
VX2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and 5 years at most |
VX3 |
0 |
0% |
0 |
0% |
0 |
|
Other taxes and |
|
|
|
|
|
|
|
assimilated |
VQ1 |
1,457 |
184.0 % |
513 |
33.6 % |
384 |
|
(gross) |
|
|
|
|
|
|
|
1 year at most |
VQ2 |
1,457 |
184.0 % |
513 |
33.6 % |
384 |
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
More than 1 year and 5 years at most |
VQ3 |
0 |
0% |
0 |
0% |
0 |
|
Assets and |
|
|
|
|
|
|
|
liabilities associated |
8J1 |
0 |
0% |
0 |
0% |
0 |
|
accounts (gross) |
|
|
|
|
|
|
|
1 year at most |
8J2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and 5 years at most |
8J3 |
0 |
0% |
0 |
0% |
0 |
|
More than 5 years |
8J4 |
0 |
0% |
0 |
0% |
0 |
|
Groups and associates (gross) |
VI1 |
531 |
-92.8 % |
7,337 |
-36.2 % |
11,496 |
|
1 year at most |
VI2 |
531 |
-92.8 % |
7,337 |
-36.2 % |
11,496 |
|
More than 1 year and |
VI3 |
0 |
0% |
0 |
0% |
0 |
|
5 years at most |
|
|
|
|
|
|
|
More than 5 years |
V14 |
0 |
0% |
0 |
0% |
0 |
|
Other liabilities (gross) |
8K1 |
0 |
0% |
5,558 |
0% |
0 |
|
1 year at most |
8K2 |
0 |
0% |
5,558 |
0% |
0 |
|
More than 1 year and |
8K3 |
0 |
0% |
0 |
0% |
0 |
|
5 years at most |
|
|
|
|
|
|
|
Debt |
|
|
|
|
|
|
|
representative of borrowed |
SZ1 |
0 |
0% |
0 |
0% |
0 |
|
securities (gross) |
|
|
|
|
|
|
|
1 year at most |
SZ2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and |
SZ3 |
0 |
0% |
0 |
0% |
0 |
|
5 years at most |
|
|
|
|
|
|
|
Products in advance(gross) |
8L1 |
0 |
0% |
0 |
0% |
0 |
|
1 year at most |
8L2 |
0 |
0% |
0 |
0% |
0 |
|
More than 1 year and |
8L3 |
0 |
0% |
0 |
0% |
0 |
|
5 years at most |
|
|
|
|
|
|
REFERENCES
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Loans made during the period |
0 |
0% |
0 |
0% |
0 |
|
|
Debt repaid during the period VK |
0 |
0% |
0 |
0% |
0 |
|
Table allocation results and other information
DIVIDENDS
DISTRIBUTED
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Dividends |
ZE |
0 |
0% |
0 |
0% |
0 |
|
|
|
|
|
|
|
|
COMMITMENTS
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
|
Commitments leasing furniture |
YQ |
0 |
0% |
0 |
0% |
0 |
|
Commitments Real |
YR |
0 |
0% |
0 |
0% |
0 |
|
Estate Leasing |
|
|
|
|
|
|
|
Effects brought to |
|
|
|
|
|
|
|
the discount and |
YS |
0 |
0% |
0 |
0% |
0 |
STRUCTURE
AND LIQUIDITY
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|
Fixed Asset Financing |
5.52 |
33.0 % |
4.15 |
35.6 % |
3.06 |
2.81 |
96.4 % |
|
Global Debt |
78 days |
-44.7 % |
141 days |
-36.5 % |
222 days |
137 days |
-43.1 % |
|
Working Capital Fund overall net |
89 days |
-18.3 % |
109 days |
-45.8 % |
201 days |
98 days |
-9.2 % |
|
Financial independence |
29,897.93 % |
1781.5 % |
1,589.08 % |
111.0 % |
753.28 % |
215.55 % |
13770.5 % |
|
Solvability |
54.07 % |
18.2 % |
45.74 % |
-13.5 % |
52.89 % |
41.02 % |
31.8 % |
|
Capacity debt futures |
- |
- |
- |
- |
- |
1,558.40 % |
- |
|
Coverage of current |
|
|
|
|
|
|
|
|
assets by net working capital overall |
54.35 % |
21.0 % |
44.93 % |
-14.5 % |
52.54 % |
45.67 % |
19.0 % |
|
|
|
|
|
|
|
|
|
|
General Liquidity |
1.32 |
51.7 % |
0.87 |
4.8 % |
0.83 |
0.90 |
46.7 % |
|
Restricted Liquidity |
2.14 |
24.4 % |
1.72 |
-2.3 % |
1.76 |
1.54 |
39.0 % |
MANAGEMENT
OR ROTATION
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|
Need background in operating working capital |
22 days |
300.0 % |
-11 days |
15.4 % |
-13 days |
20 days |
10.0 % |
|
Treasury |
63 days |
-47.5 % |
120 days |
-41.7 % |
206 days |
24 days |
162.5 % |
|
Inventory turnover of goods |
0 days |
0% |
0 days |
0% |
0 days |
0 days |
0% |
|
Average length of credit granted to
customers |
64 days |
-34.7 % |
98 days |
-8.4 % |
107 days |
85 days |
-24.7 % |
|
Average length of credit obtained suppliers |
59 days |
-45.9 % |
109 days |
-1.8 % |
111 days |
55 days |
7.3 % |
|
Inventory turnover of raw materials in industrial enterprises |
- |
- |
- |
- |
- |
0 days |
- |
|
Inventory turnover of intermediate and finished products in the
industrial enterprise |
- |
- |
- |
- |
- |
1,132 days |
- |
|
Rotation tangible assets |
- |
- |
- |
- |
- |
1,203.98 % |
- |
PROFITABILITY
OF THE BUSINESS
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|
Margin trading |
59.25 % |
5.9 % |
55.97 % |
156.9 % |
21.79 % |
0.00 % |
0% |
|
Profitability of the business |
0.80 % |
-86.7 % |
6.03 % |
136.3 % |
-16.61 % |
7.43 % |
-89.2 % |
|
Net profit |
6.77 % |
-20.4 % |
8.50 % |
265.0 % |
-5.15 % |
4.91 % |
37.9 % |
|
Growth rate of |
|
|
|
|
|
|
|
|
turnover (excluding |
76.35 % |
-58.2 % |
182.65 % |
304.4 % |
45.17 % |
0.00 % |
0% |
|
VAT) |
|
|
|
|
|
|
|
|
Rates integration |
24.90 % |
78.6 % |
13.94 % |
-21.8 % |
17.83 % |
57.87 % |
-57.0 % |
|
Rate leasing furniture |
0.00 % |
0% |
0.00 % |
0% |
0.00 % |
0.00 % |
0% |
|
Work Factor |
95.46 % |
-3.0 % |
98.38 % |
-47.8 % |
188.29 % |
73.99 % |
29.0 % |
|
Weight interests |
0.62 % |
113.8 % |
0.29 % |
-37.0 % |
0.46 % |
0.08 % |
675.0 % |
RETURN ON CAPITAL
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|
Cash flow from the overall profitability |
8.58 % |
-26.5 % |
11.68 % |
1925.0 % |
-0.64 % |
6.97 % |
23.1 % |
|
Rates of economic profitability |
3.00 % |
-82.4 % |
17.00 % |
181.0 % |
-21.00 % |
20.28 % |
-85.2 % |
|
Financial profitability |
158,758.00 % |
36.2 % |
116,591.00 % |
34.6 % |
86,597.00 % |
34,732.50 % |
357.1 % |
|
Return on investment |
28.90 % |
15.4 % |
25.04 % |
520.1 % |
-5.96 % |
15.40 % |
87.7 % |
MANAGEMENT INTERMEDIATE BALANCES
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|||||
|
Turnover |
622,653 |
76.4 % |
353,075 |
182.6 % |
124,917 |
185,266 |
236.1 % |
|||||
|
|
|
|
|
|
|
|
|
|||||
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|||||
|
Sales of goods |
621,053 |
75.9 % |
353,075 |
182.6 % |
124,917 |
|
- |
|||||
|
- Purchase of goods |
252,117 |
62.2 % |
155,466 |
59.1 % |
97,699 |
|
- |
|||||
|
+/- Stock of goods |
|
|
|
|
|
|
|
|||||
|
|
0 |
0% |
0 |
0% |
0 |
|
- |
|||||
|
variation |
|
|
|
|
|
|
|
|||||
|
Trading margin |
368,936€ |
86.7 % |
197,609 |
626.0 % |
27,218 |
0 |
0% |
|||||
|
|
59.25 % CA |
5.9 % |
55.97 % CA€ |
156.9 % |
21.79 % CA€ |
0.00 % CA€ |
0% |
|||||
|
|
||||||||||||
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
||||||
|
Sale of goods produced |
0 |
0% |
0 |
0% |
0 |
|
- |
|||||
|
+ Self-constructed |
0 |
0% |
0 |
0% |
33,778 |
|
- |
|||||
|
assets |
|
|
|
|
|
|
|
|||||
|
Period production |
1,600€ |
0% |
0€ |
0% |
33,778€ |
173,256€ |
-99.1 % |
|||||
|
|
0.26 % CA |
0% |
0.00 % CA |
0% |
27.04 % CA |
100.00 % CA |
-99.7 % |
|||||
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|
Trading margin |
368,936 |
86.7 % |
197,609 |
626.0 % |
27,218 |
0 |
0% |
|
+ Period Production |
1,600 |
0% |
0 |
0% |
33,778 |
173,256 |
-99.1 % |
|
- Purchase of raw materials |
0 |
0% |
0 |
0% |
0 |
|
- |
|
+/- Change in stocks of raw materiels |
0 |
0% |
0 |
0% |
0 |
|
- |
|
- Other external |
|
|
|
|
|
|
|
|
purchases and |
215,467 |
45.2 % |
148,394 |
283.2 % |
38,722 |
|
- |
|
charges |
|
|
|
|
|
|
|
|
Added value |
155,069 € |
215.1 % |
49,215 € |
121.0 % |
22,274 € |
98,595 € |
57.3 % |
|
|
24.90 % CA |
78.6 % |
13.94 % CA |
-21.8 % |
17.83 % CA |
57.87 % CA |
-57.0 % |
|
|
|||||||
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
|
Added value |
155,069 € |
215.1 % |
49,215 € |
121.0 % |
22,274 € |
98,595 € |
57.3 % |
|
+ Operating grants |
0 |
0% |
21,600 |
0% |
0 |
|
- |
|
- Tax, duty and similar payments |
2,038 |
81.8 % |
1,121 |
3.2 % |
1,086 |
|
- |
|
- Personal charges |
148,022 |
205.7 % |
48,418 |
15.4 % |
41,939 |
|
- |
|
Gross operating surplus |
5,009 € |
-76.5 % |
21,276 € |
202.5 % |
-20,751 € |
14,157 € |
-64.6 % |
|
|
0.80 % CA |
-86.7 % |
6.03 % CA |
136.3 % |
-16.61 % CA |
7.43 % CA |
-89.2 % |
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
Provisions |
|
|
|
|
|
|
|
+ Other operating income |
0 |
0% |
0 |
0% |
0 |
- |
|
- Depreciation/ Amortisation |
11,259 |
0% |
11,259 |
100.0 % |
5,630 |
- |
|
- Other charges |
7,000 |
0% |
0 |
0% |
0 |
- |
|
Operating result |
-11,899 € |
-218.8 % |
10,017 € |
138.0 % |
-26,381 € |
11,123 €
-207.0 % |
|
|
-1.91 % CA |
-167.3 % |
2.84 % CA |
113.4 % |
-21.12 % CA |
5.59 % CA -134.2
% |
|
|
|
|
|
|
|
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
Operating result |
-11,899 € |
-218.8 % |
10,017 € |
138.0 % |
-26,381 € | |
11,123 €
-207.0 % |
|
+/- Result of joint- |
|
|
|
|
|
|
|
venture transferred from/to other |
0 |
0% |
0 |
0% |
0 |
- |
|
partners |
|
|
|
|
|
|
|
+ Financial income |
1,349 |
507.7 % |
222 |
-3.9 % |
231 |
- |
|
- Financial charges |
3,871 |
272.9 % |
1,038 |
79.3 % |
579 |
- |
|
Pre-tax result |
-14,421 € |
-256.7 % |
9,201 € |
134.4 % |
-26,729 € |
11,189 €
-228.9 % |
|
|
-2.32 % CA |
-188.9 % |
2.61 % CA |
112.2 % |
-21.40 % CA |
5.55 % CA -141.8
% |
|
|
|
|
|
|
|
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
Extraordinary income |
582 |
66.3 % |
350 |
8650.0 % |
4 |
0 0% |
|
- Extraordinary charges |
4,710 |
31300.0 % |
15 |
-25.0 % |
20 |
- |
|
Extraordinary result |
-4,128 € |
-1332.2 % |
335 € |
2193.8 % |
-16 € |
0 € 0% |
|
|
-0.66 % CA |
-833.3 % |
0.09 % CA |
1000.0 % |
-0.01 % CA |
0.00 % CA 0% |
|
|
|
|
|
|
|
|
|
|
31/12/2010 |
Variation |
31/12/2009 |
Variation |
31/12/2008 |
SECTOR MEDIAN 2010 |
|
Pre-tax result |
-14,421 € |
-256.7 % |
9,201 € |
134.4 % |
-26,729 € |
11,189 €
-228.9 % |
|
Extraordinary result |
-4,128 € |
-1332.2 % |
335 € |
2193.8 % |
-16 € |
0 € 0% |
|
- Employee profit sharing |
0 |
0% |
0 |
0% |
0 |
- |
|
- Tax on profits |
-60,715 |
-196.8 % |
-20,458 |
-0.7 % |
-20,318 |
- |
|
Net result |
42,166 € |
40.6 % |
29,994 € |
566.7 % |
-6,427 € |
10,641 € 296.3
% |
|
|
6.77 % CA |
-20.4 % |
8.50 % CA |
265.0 % |
-5.15 % CA |
4.90 % CA 38.2
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.66.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.