MIRA INFORM REPORT
|
Report No. : |
350670 |
|
Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
RADELPIEL SL |
|
|
|
|
Registered Office : |
Av/ Camilo Jose Cela, 6 1 B. - Elda - 03600 – Alicante |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
10.12.2010 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of Hides, Skins and Leather |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Spain |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
After experiencing a prolonged recession in the wake of the global financial crisis that began in 2008, in 2014 Spain marked the first full year of positive economic growth in seven years, largely due to increased private consumption. At the onset of the global financial crisis Spain's GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. In 2013 the government successfully shored up struggling banks - exposed to the collapse of Spain's depressed real estate and construction sectors - and in January 2014 completed an EU-funded restructuring and recapitalization program.
Until 2014, credit contraction in the private sector, fiscal austerity, and high unemployment weighed on domestic consumption and investment. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, but labor reforms prompted a modest reduction to 23.7% in 2014. High unemployment strained 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, but 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.
Exports were resilient throughout the economic downturn and helped to bring Spain's current account into surplus in 2013 for the first time since 1986, where it remained in 2014. Rising labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have helped to improve foreign investor interest in the economy and positive FDI flows have been restored.
The government's efforts to implement labor, pension, health, tax, and education reforms - aimed at supporting investor sentiment - have become overshadowed by political activity in 2015 in anticipation of the national parliamentary elections in November. Spain’s 2015 budget, published in September 2014, rolls back some recently imposed taxes in advance of the elections and leaves untouched the country’s value-added tax (VAT) regime, which continues to generate significantly lower revenue than the EU average. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and despite the recent uptic in economic activity, inflation has dropped sharply, from 1.5% in 2013 to nearly flat in 2014.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
Name: |
RADELPIEL SL |
|
NIF / Fiscal code: |
B54534441 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
10/12/2010 |
|
Register Data |
Register Section 8 Sheet 123644 |
|
Last Publication
in BORME: |
26/08/2011 [Annual accounts' deposit] |
|
Last Published Account Deposit: |
2014 |
|
Share Capital: |
3.100 |
|
|
|
|
Localization: |
Av/ Camilo Jose Cela, 6 1 B. - Elda - 03600 - Alicante |
|
Telephone - Fax - Email - Website: |
Telephone. 965 393 602 |
|
Number of Branches |
1 |
|
|
|
|
Activity: |
|
|
NACE: |
4624 - Wholesale of hides, skins and leather |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
No |
|
Tenders and Awards: |
|
|
Subsidies: |
0 for a total cost of 0 |
|
Quality Certificate: |
No |
|
|
|
|
Prospects: |
Consolidation |
|
Industry situation: |
Maturity |
|
|
|
|
Defaults, Legal
Claims and Insolvency Proceedings : |
|
|
|
|
|
|
|
Number |
Amount (€) |
Most Recent
Entry |
|
Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
|
None |
--- |
--- |
|
Judicial Claims (Notices, Executive Proceedings, Attachments, Auctions,
Bad Debt) |
|
None |
0 |
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
0 |
--- |
|
Proceedings heard by the Labour Court |
|
Unpublished |
0 |
--- |
Partners
|
|
Shares: |
0 |
|
|
Other Links: |
0 |
|
|
No. of Active Corporate Bodies: |
SINGLE ADMINISTRATOR 1 |
|
|
Ratios |
2014 |
2013 |
Change |
|
Guarantees
|
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources YES, Guarantees NO |
INVESTIGATION
SUMMARY
|
|
|
This company was incorporated in 2010 and it's engaged in buying and
selling of tanned leathers. It develops its activity at a national and
international level. There is nothing against registered among the sources
consulted, but in light of the last figures in the trade registry,
31-12-2014, we can see a negative financial situation and we consider the
subject's own funds are a bit poor. For all these reasons, we recommend to
regularly follow its evolutions. |
|
|
Interviewed Person: |
|
Identification
|
|
|
Social
Denomination: |
RADELPIEL SL |
|
NIF / Fiscal
code: |
B54534441 |
|
Corporate
Status: |
ACTIVE |
|
Start of
activity: |
2010 |
|
Registered
Office: |
AV/ CAMILO JOSE CELA, 6 1 B. |
|
Locality: |
ELDA |
|
Province: |
ALICANTE |
|
Postal Code: |
03600 |
|
Telephone: |
965 393 602 |
|
Fax: |
965 383 036 |
|
Interviewed
Person: |
Sr.: Juan Antonio |
Branch
Offices
|
|
Address |
Postal Code |
City |
Province |
|
CALLE LA TORRETA 25 POLIGONO INDUSTRIAL TORRETA RIO |
03600 |
ELDA |
ALICANTE |
Activity
|
|
|
NACE: |
4624 |
|
Legal Form: |
BUYING AND SELLING, STORAGE, EXPORT/IMPORT AND COMMERCIALIZATION OF TANNED
AND NON-TANNED LEATHERS, LEATHER GOODS, FABRICS, SHOE SPARE PARTS,
ACCESSORIES, etc. |
|
Additional
Information: |
Buying and selling of tanned leathers. |
|
Additional
Address: |
Registered office and offices AV/ CAMILO JOSE CELA, 6 1 B., 03600, ELDA,
ALICANTE -La Torreta, 25 (Pol. Ind. Torreta Rio) de Elda (Alicante) |
|
Franchise: |
No |
|
Import / export: |
IMPORT / EXPORT |
|
Future
Perspective: |
Consolidation |
|
Industry
situation: |
Maturity |
Number
of Employees
|
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
|
2015 |
4 |
|
|
|
The data of employees is from the latest available financial statements
in axesor. Failing that, are estimates data calculated by statistical methods
Chronological
Summary
|
|||
|
|
|
|
|
|
|
Year |
Act |
|
|
|
2010 |
Appointments/ Re-elections (1) Company Formation (1) |
|
|
|
2011 |
Accounts deposit (year 2010) |
|
|
|
2012 |
Accounts deposit (year 2011) |
|
|
|
2013 |
Accounts deposit (year 2012) |
|
|
|
2014 |
Accounts deposit (year 2013) |
|
|
|
2015 |
Accounts deposit (year 2014) |
|
Breakdown
of Owners' Equity
|
|
|
Registered
Capital: |
3.100 |
|
Paid up capital: |
3.100 |
Updated
Evolution of the Subscribed and Paid-in Capital
|
|||||
|
|
|||||
|
Publishing Date |
Registration
Type |
Capital
Subscribed |
Paid up capital |
Underwritten
result |
Disbursed Result |
|
20/12/2010 |
Company Formation |
3.100 |
3.100 |
3.100 |
3.100 |
Active
Social Bodies
|
|
Post published |
Social Body's
Name |
Appointment Date |
Other Positions
in this Company |
|
SINGLE ADMINISTRATOR |
GOMEZ ROMERO MARIA AURORA |
20/12/2010 |
1 |
Executive
board
|
||
|
|
|
|
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
MARIA AURORA GOMEZ ROMERO |
|
DIRECTOR/GENERAL MANAGER |
|
MARIA AURORA GOMEZ ROMERO |
Defaults,
Legal Claims and Insolvency Proceedings
|
Section enabling assessment of the degree of compliance of the company queried
with its payment obligations. It provides information on the existence and
nature of all stages of Insolvency and Legal Proceedings published with
reference to the Company in the country's various Official Bulletins and
national newspapers, as well Defaults Registered in the main national credit
bureaus (ASNEF Industrial and RAI ).
> Summary
Chronological summary
|
|
|
Number of
Publications |
Amount (_) |
Start date |
End date |
|
Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
--- |
|
Request/Declaration |
|
0 |
--- |
date |
|
|
Proceedings |
|
--- |
--- |
|
--- |
|
Resolution |
|
--- |
--- |
|
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
Bank and Commercial Delinquency |
None |
0 |
|
|
|
Status: Friendly |
|
--- |
|
|
|
|
Status: Pre-Litigation |
|
--- |
|
|
|
|
Status: Litigation |
|
--- |
|
|
|
|
Status: Non-performing |
|
--- |
|
|
|
|
Status: insolvency proceedings, bankruptcy and suspension of payments |
|
--- |
|
|
|
|
Other status |
|
--- |
|
|
|
|
Legal and Administrative Proceedings |
|
Unpublished |
--- |
|
|
|
Notices of defaults and enforcement |
|
--- |
--- |
|
--- |
|
Seizures |
|
--- |
--- |
|
--- |
|
Auctions |
|
--- |
--- |
|
--- |
|
Declarations of insolvency and bad debt |
|
--- |
--- |
|
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
--- |
|
|
|
Proceedings heard by the Labour Court |
|
Unpublished |
--- |
|
|
Probability of default
|
> Estimated Probability of Default for the next 12 months:
30.262 %
|
Sector in which comparison is carried out: 462 Wholesale of agricultural raw materials and live animals |
|
|
Relative Position:
|
The company's comparative analysis with the rest of the companies that
comprise the sector, shows the company holds a worse position with regard to
the probability of non-compliance.
The 2.00% of the companies of the sector RADELPIEL SL belongs to shows a
lower probability of non-compliance.
The probability of the company's non-compliance with its payment
obligations within deadlines estimated by our qualifications models is 30.262%.
In the event they fail to comply with the payment, the seriousness of
the loss will depend on factors such as the promptness of the commencement of
the charging management, the existence of executive documents which match the
credit or the existence of guarantees and free debt assets under the name of
the debtor. Therefore, the probability of non-compliance should not be solely
interpreted as the total loss of the owed amount.
Result
of query submitted to the R.A.I. (Spanish Bad Debt Register) on
|
LEGAL CLAIMS
|
|
Summary of Judicial Claims |
|
|
|
|
|
|
|
|
||
|
|
|
No se han publicado |
|
|
|
|
No se han publicado |
|
|
|
|
||
|
|
|
No se han publicado |
|
|
|
|
No se han publicado |
|
|
|
|
No se han publicado |
|
|
|
|
No se han publicado |
|
|
|
|
||
|
|
|
No se han publicado |
|
|
|
|
No se han publicado |
|
|
|
|
||
|
|
|
No se han publicado |
|
Suppliers
|
|
|
Name |
NIF |
Telephone |
|
|
TERA LEATER |
|
|
|
|
CURTIDOS ELDA |
|
|
|
Turnover
|
|
|
Total Sales 2014 |
2.194.839,75 |
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 |
September 2015 |
|
2013 |
Normales |
August 2014 |
|
2012 |
Normales |
July 2013 |
|
2011 |
Normales |
October 2012 |
|
2010 |
Normales |
August 2011 |
The data in the
report regarding the last Company Accounts submitted by the company is taken from
the TRADE REGISTER serving the region in which the company's address is located
31/12/2014
> Balance en formato Pyme de acuerdo al Nuevo Plan General
Contable 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. Where the provisions
of the Act did not establish relevant equivalence criteria, such criteria using
its own methodology. To view details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
A) NON-CURRENT ASSETS: 11000 |
32.578,00 |
24.166,00 |
840,00 |
1.000,00 |
0,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
14.632,00 |
22.208,00 |
840,00 |
1.000,00 |
0,00 |
|
|
III. Real estate investment: 11300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Long-term investments in Group companies and
associates : 11400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term financial investments: 11500 |
17.946,00 |
1.958,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) CURRENT ASSETS: 12000 |
1.821.820,00 |
1.137.858,00 |
685.042,00 |
583.295,00 |
4.849,00 |
|
|
I. Stocks : 12200 |
684.852,00 |
372.788,00 |
300.536,00 |
233.045,00 |
0,00 |
|
|
II. Trade debtors and others receivable accounts
: 12300 |
1.060.586,00 |
728.147,00 |
361.988,00 |
345.087,00 |
1.749,00 |
|
|
1. Trade debtors / accounts
receivable: 12380 |
1.025.923,00 |
676.140,00 |
328.898,00 |
332.068,00 |
0,00 |
|
|
a)
Long-term receivables from sales and services supplied : 12381 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b)
Customers for sales and provisions of services : 12382 |
1.025.923,00 |
676.140,00 |
328.898,00 |
332.068,00 |
0,00 |
|
|
2. Called up share capital:
12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other accounts receivable
: 12390 |
34.663,00 |
52.007,00 |
33.090,00 |
13.018,00 |
1.749,00 |
|
|
III. Short-term investment in Group companies and
associates: 12400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term financial investments :
12500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Short-term accruals : 12600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash and other equivalent liquid assets :
12700 |
76.382,00 |
36.923,00 |
22.518,00 |
5.163,00 |
3.100,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
1.854.398,00 |
1.162.024,00 |
685.882,00 |
584.295,00 |
4.849,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and
Net Worth |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
A) NET WORTH: 20000 |
52.133,00 |
34.847,00 |
20.468,00 |
13.940,00 |
3.100,00 |
|
|
A-1) Shareholders' equity: 21000 |
52.133,00 |
34.847,00 |
20.468,00 |
13.940,00 |
3.100,00 |
|
|
I. Capital: 21100 |
3.100,00 |
3.100,00 |
3.100,00 |
3.100,00 |
3.100,00 |
|
|
1. Registered capital :
21110 |
3.100,00 |
3.100,00 |
3.100,00 |
3.100,00 |
3.100,00 |
|
|
2. (Uncalled capital):
21120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Share premium: 21200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Reserves: 21300 |
31.747,00 |
17.368,00 |
10.840,00 |
0,00 |
0,00 |
|
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward: 21500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Other shareholders' contributions:
21600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period: 21700 |
17.285,00 |
14.379,00 |
6.528,00 |
10.840,00 |
0,00 |
|
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-2) Changes in net worth : 22000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-3) Received subsidies, donations and legacies: 23000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) NON-CURRENT LIABILITIES: 31000 |
49.790,00 |
23.422,00 |
0,00 |
0,00 |
0,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
49.790,00 |
23.422,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Amounts owed to credit
institutions: 31220 |
49.790,00 |
23.422,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Creditors from financial
leasing : 31230 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other long-term creditors
: 31290 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Long-term debts with Group companies and
associates: 31300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C) CURRENT LIABILITIES : 32000 |
1.752.476,00 |
1.103.754,00 |
665.414,00 |
570.355,00 |
1.749,00 |
|
|
I. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term creditors : 32300 |
832.002,00 |
437.427,00 |
303.880,00 |
153.121,00 |
494,00 |
|
|
1. Amounts owed to credit
institutions: 32320 |
832.002,00 |
432.427,00 |
300.457,00 |
137.446,00 |
0,00 |
|
|
2. Creditors from financial
leasing : 32330 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other short-term
creditors : 32390 |
0,00 |
5.000,00 |
3.423,00 |
15.675,00 |
494,00 |
|
|
III. Short-term amounts owed to group and
associated companies: 32400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Trade creditors and other accounts payable:
32500 |
920.474,00 |
666.327,00 |
361.534,00 |
417.233,00 |
1.256,00 |
|
|
1. Suppliers: 32580 |
899.208,00 |
639.454,00 |
314.030,00 |
380.710,00 |
0,00 |
|
|
a)
Long-term debts : 32581 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b)
Short-term debts : 32582 |
899.208,00 |
639.454,00 |
314.030,00 |
380.710,00 |
0,00 |
|
|
2. Other creditors:
32590 |
21.266,00 |
26.873,00 |
47.504,00 |
36.524,00 |
1.256,00 |
|
|
V. Short-term accruals : 32600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000 |
1.854.398,00 |
1.162.024,00 |
685.882,00 |
584.295,00 |
4.849,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and
Loss |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
1. Net turnover: 40100 |
2.194.840,00 |
1.572.983,00 |
884.140,00 |
1.128.171,00 |
0,00 |
|
|
2. Changes in stocks of finished goods and work
in progress: 40200 |
312.064,00 |
72.252,00 |
67.492,00 |
233.045,00 |
0,00 |
|
|
3. Works carried out by the company for its
assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-2.165.883,00 |
-1.440.397,00 |
-785.591,00 |
-1.223.438,00 |
0,00 |
|
|
5. Other operating income: 40500 |
31.757,00 |
79.831,00 |
92.433,00 |
99.646,00 |
0,00 |
|
|
6. Personnel costs: 40600 |
-138.552,00 |
-118.611,00 |
-103.290,00 |
-75.788,00 |
0,00 |
|
|
7. Other operating costs: 40700 |
-170.498,00 |
-109.117,00 |
-122.533,00 |
-138.596,00 |
0,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-3.043,00 |
-2.350,00 |
-160,00 |
0,00 |
0,00 |
|
|
9. Allocation of subsidies of non-financial fixed
assets and other: 40900 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of fixed
assets: 41100 |
-401,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Other results : 41300 |
2.949,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12)
: 49100 |
63.233,00 |
54.592,00 |
32.491,00 |
23.039,00 |
0,00 |
|
|
13. Financial income : 41400 |
7.343,00 |
4.596,00 |
0,00 |
642,00 |
0,00 |
|
|
a) Allocation of financial
subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income:
41490 |
7.343,00 |
4.596,00 |
0,00 |
642,00 |
0,00 |
|
|
14. Financial expenditure : 41500 |
-48.969,00 |
-41.214,00 |
-24.331,00 |
-12.741,00 |
0,00 |
|
|
15. Changes in fair value of financial
instruments : 41600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
16. Exchange rate differences: 41700 |
0,00 |
0,00 |
0,00 |
2.609,00 |
0,00 |
|
|
17. Impairment and result for transfers of
financial instruments : 41800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
18. Other financial income and expenditure:
42100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Incorporation of
financial expenditure to assets: 42110 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Financial income from arrangement
with creditors: 42120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Other income and
expenditure: 42130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200 |
-41.626,00 |
-36.618,00 |
-24.331,00 |
-9.489,00 |
0,00 |
|
|
C) NET RESULT BEFORE TAXES ( A + B ) : 49300 |
21.607,00 |
17.974,00 |
8.160,00 |
13.550,00 |
0,00 |
|
|
19. Income taxes : 41900 |
-4.321,00 |
-3.595,00 |
-1.632,00 |
-2.710,00 |
0,00 |
|
|
D) RESULT OF THE PERIOD ( C + 19 ) : 49500 |
17.285,00 |
14.379,00 |
6.528,00 |
10.840,00 |
0,00 |
|
CASHFLOW
STATEMENT
|
Model: Normal
> Source of information: Data contained in this section is taken from
the information declared in the Annual Accounts submitted to the Trade
Register.
|
|
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
1. Fiscal year result before taxes.: 61100 |
21.607,00 |
17.974,00 |
8.160,00 |
13.550,00 |
0,00 |
|
|
2. Results adjustments.: 61200 |
44.669,00 |
38.968,00 |
24.491,00 |
12.098,00 |
0,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
3.043,00 |
2.350,00 |
160,00 |
0,00 |
0,00 |
|
|
g) Financial income (-).: 61207 |
-7.343,00 |
-4.596,00 |
0,00 |
-642,00 |
0,00 |
|
|
h) Financial Expenses (+). : 61208 |
48.969,00 |
41.214,00 |
24.331,00 |
12.741,00 |
0,00 |
|
|
3. Changes in current capital equity.: 61300 |
-394.677,00 |
-137.213,00 |
-141.724,00 |
-163.114,00 |
-494,00 |
|
|
a) Stock (+/-).: 61301 |
-312.064,00 |
-72.252,00 |
-67.492,00 |
-233.045,00 |
0,00 |
|
|
d) Debtors and other accounts receivable (+/-). :
61302 |
-332.439,00 |
-366.159,00 |
-16.901,00 |
-343.337,00 |
-1.749,00 |
|
|
d) Creditors and other accounts payable (+/-). :
61304 |
249.826,00 |
301.198,00 |
-57.331,00 |
413.268,00 |
1.256,00 |
|
|
4. Other cash flows for operating activities.: 61400 |
-41.626,00 |
-36.618,00 |
-24.331,00 |
-12.098,00 |
0,00 |
|
|
a) Interest payments (-). : 61401 |
-48.969,00 |
-41.214,00 |
-24.331,00 |
-12.741,00 |
0,00 |
|
|
c) Interest collection (+). : 61403 |
7.343,00 |
4.596,00 |
0,00 |
642,00 |
0,00 |
|
|
5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
-370.028,00 |
-116.890,00 |
-133.403,00 |
-149.564,00 |
-494,00 |
|
|
6. Payments for investment (-).: 62100 |
-15.988,00 |
-23.326,00 |
0,00 |
-1.000,00 |
0,00 |
|
|
c) Fixed assets. : 62103 |
0,00 |
-21.368,00 |
0,00 |
-1.000,00 |
0,00 |
|
|
e) Other financial assets. : 62105 |
-15.988,00 |
-1.958,00 |
0,00 |
0,00 |
0,00 |
|
|
7. Divestment payment collection (+). : 62200 |
7.576,00 |
0,00 |
160,00 |
0,00 |
0,00 |
|
|
c) Fixed assets. : 62203 |
7.576,00 |
0,00 |
160,00 |
0,00 |
0,00 |
|
|
8. Investment activity cash flows (6 + 7) minus Amortization:
62300 |
-11.455,00 |
-25.676,00 |
0,00 |
-1.000,00 |
0,00 |
|
|
9. Payment collection and payments for equity instruments. :
63100 |
0,00 |
0,00 |
0,00 |
0,00 |
3.100,00 |
|
|
a) Issuance of equity instruments (+). :
63101 |
0,00 |
0,00 |
0,00 |
0,00 |
3.100,00 |
|
|
10. Payment collection and payments for financial liabilities
instruments.: 63200 |
420.942,00 |
156.970,00 |
150.758,00 |
152.628,00 |
494,00 |
|
|
a) Issuance : 63201 |
425.942,00 |
156.970,00 |
163.011,00 |
152.628,00 |
494,00 |
|
|
2. Debts incurred with credit institutions (+). :
63203 |
425.942,00 |
155.393,00 |
163.011,00 |
137.446,00 |
0,00 |
|
|
5. Other debts (+). : 63206 |
0,00 |
1.577,00 |
0,00 |
15.181,00 |
494,00 |
|
|
b) Repayment and amortization of : 63207 |
-5.000,00 |
0,00 |
-12.252,00 |
0,00 |
0,00 |
|
|
5. Other debts (-). : 63212 |
-5.000,00 |
0,00 |
-12.252,00 |
0,00 |
0,00 |
|
|
11. Payments from dividends and remunerations from other assets
instruments. : 63300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Cash flows for financing activities (9+10+11).: 63400 |
420.942,00 |
156.970,00 |
150.758,00 |
152.628,00 |
3.594,00 |
|
|
D) EFFECT OF EXCHANGE RATE CHANGES: 64000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS
(+/-5+/-8+/12+/-D) : 65000 |
39.459,00 |
14.404,00 |
17.355,00 |
2.063,00 |
3.100,00 |
|
|
Cash or equivalent assets as of beginning of the fiscal
year.: 65100 |
36.923,00 |
22.518,00 |
5.163,00 |
3.100,00 |
0,00 |
|
|
Cash or equivalent assets as of end of the fiscal
year.: 65200 |
76.382,00 |
36.923,00 |
22.518,00 |
5.163,00 |
3.100,00 |
|
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: |
0,02 % |
0,00 % |
0,01 % |
0,01 % |
96,33 % |
-55,57 % |
|
|
EBITDA over Sales: |
2,90 % |
5,39 % |
3,62 % |
4,39 % |
-19,79 % |
22,82 % |
|
|
Cash Flow Yield: |
0,02 % |
0,00 % |
0,01 % |
0,00 % |
71,66 % |
|
|
|
Profitability |
2014 |
2013 |
Variación 2014 -
2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
3,28 % |
2,82 % |
4,71 % |
1,65 % |
-30,24 % |
71,26 % |
|
|
Total economic profitability: |
3,81 % |
2,95 % |
5,09 % |
1,50 % |
-25,28 % |
97,21 % |
|
|
Financial profitability: |
33,16 % |
2,79 % |
41,26 % |
0,05 % |
-19,64 % |
5.044,29 % |
|
|
Margin: |
2,71 % |
2,81 % |
3,30 % |
1,71 % |
-18,03 % |
64,61 % |
|
|
Mark-up: |
0,84 % |
2,08 % |
1,09 % |
0,24 % |
-22,94 % |
784,13 % |
|
|
Solvency |
2014 |
2013 |
Variación 2014 -
2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,04 |
0,29 |
0,03 |
0,26 |
30,29 |
10,99 |
|
|
Acid Test: |
0,65 |
1,11 |
0,69 |
1,10 |
-6,40 |
1,41 |
|
|
Working Capital / Investment: |
0,04 |
0,20 |
0,03 |
0,21 |
27,42 |
-3,11 |
|
|
Solvency: |
1,04 |
1,73 |
1,03 |
1,76 |
0,84 |
-1,53 |
|
|
Indebtedness |
2014 |
2013 |
Variación 2014 -
2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
34,57 |
1,00 |
32,35 |
1,03 |
6,88 |
-2,96 |
|
|
Borrowing Composition: |
0,03 |
0,69 |
0,02 |
0,73 |
33,88 |
-5,94 |
|
|
Repayment Ability: |
45,67 |
217,59 |
78,25 |
103,97 |
-41,63 |
109,27 |
|
|
Warranty: |
1,03 |
2,01 |
1,03 |
1,98 |
-0,19 |
1,55 |
|
|
Generated resources / Total creditors: |
0,01 |
0,07 |
0,01 |
0,06 |
-24,00 |
32,59 |
|
|
Efficiency |
2014 |
2013 |
Variación 2014 -
2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
1,46 |
1,25 |
1,48 |
1,20 |
-1,36 |
3,88 |
|
|
Turnover of Collection Rights : |
2,10 |
4,57 |
2,27 |
4,36 |
-7,51 |
4,73 |
|
|
Turnover of Payment Entitlements: |
2,88 |
3,03 |
2,43 |
2,92 |
18,22 |
3,58 |
|
|
Stock rotation: |
3,16 |
4,71 |
4,29 |
4,21 |
-26,23 |
11,93 |
|
|
Assets turnover: |
1,21 |
1,00 |
1,42 |
0,96 |
-14,90 |
4,04 |
|
|
Borrowing Cost: |
2,72 |
2,04 |
3,66 |
2,14 |
-25,69 |
-4,80 |
|
> 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: |
0,02 % |
0,01 % |
0,02 % |
0,00 % |
|
|
|
EBITDA over Sales: |
2,90 % |
3,62 % |
3,69 % |
2,04 % |
|
|
|
Cash Flow Yield: |
0,02 % |
0,01 % |
0,03 % |
0,00 % |
0,64 % |
|
|
Profitability |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Operating economic profitability: |
3,28 % |
4,71 % |
4,74 % |
3,94 % |
0,00 % |
|
|
Total economic profitability: |
3,81 % |
5,09 % |
4,74 % |
4,50 % |
0,00 % |
|
|
Financial profitability: |
33,16 % |
41,26 % |
31,89 % |
77,76 % |
0,00 % |
|
|
Margin: |
2,71 % |
3,30 % |
3,33 % |
1,88 % |
|
|
|
Mark-up: |
0,84 % |
1,09 % |
0,84 % |
1,10 % |
|
|
|
Solvency |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Liquidity: |
0,04 |
0,03 |
0,03 |
0,01 |
1,77 |
|
|
Acid Test: |
0,65 |
0,69 |
0,58 |
0,61 |
2,77 |
|
|
Working Capital / Investment: |
0,04 |
0,03 |
0,03 |
0,02 |
0,64 |
|
|
Solvency: |
1,04 |
1,03 |
1,03 |
1,02 |
2,77 |
|
|
Indebtedness |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Indebtedness level: |
34,57 |
32,35 |
32,51 |
40,91 |
0,56 |
|
|
Borrowing Composition: |
0,03 |
0,02 |
0,00 |
0,00 |
0,00 |
|
|
Repayment Ability: |
45,67 |
78,25 |
38,34 |
276,41 |
0,56 |
|
|
Warranty: |
1,03 |
1,03 |
1,03 |
1,02 |
2,77 |
|
|
Generated resources / Total creditors: |
0,01 |
0,01 |
0,01 |
0,02 |
0,00 |
|
|
Efficiency |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Productivity: |
1,46 |
1,48 |
1,32 |
1,30 |
|
|
|
Turnover of Collection Rights : |
2,10 |
2,27 |
2,70 |
3,56 |
0,00 |
|
|
Turnover of Payment Entitlements: |
2,88 |
2,43 |
2,70 |
3,82 |
0,00 |
|
|
Stock rotation: |
3,16 |
4,29 |
3,14 |
5,17 |
|
|
|
Assets turnover: |
1,21 |
1,42 |
1,42 |
2,10 |
0,00 |
|
|
Borrowing Cost: |
2,72 |
3,66 |
3,66 |
2,23 |
0,00 |
|
COMPARATIVE SECTORIAL BALANCE
|
Sector-based
Comparison under the rules of the New General Accounting Plan.
|
|
Variación - |
|
|
|
Empresa |
Sector |
|
|
Variación - |
|
|
|
Empresa |
Sector |
|
|
Variación - |
|
|
|
Empresa |
Sector |
Public
Tenders and Works Won
|
No Public Tenders assigned to the name of the company.
Research
Summary
|
|
This company was incorporated in 2010 and it's engaged in buying and
selling of tanned leathers. It develops its activity at a national and
international level. There is nothing against registered among the sources
consulted, but in light of the last figures in the trade registry,
31-12-2014, we can see a negative financial situation and we consider the
subject's own funds are a bit poor. For all these reasons, we recommend to
regularly follow its evolutions. |
Sources
|
|
Registry of Commerce's Official Gazette. Own and external data bases
Company References |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.