MIRA INFORM REPORT

Report No. :	344935
Report Date :	19.10.2015

IDENTIFICATION DETAILS

Name :	COSMOS WORLD SL

Registered Office :	C/ Miguel Servet, 13. - Elche/Elx - 03295 – Alicante

Country :	Spain

Financials (as on) :	30.04.2014

Date of Incorporation :	16.10.1997

Legal Form :	Private Company

Line of Business :	Wholesale of clothing and footwear.

No. of Employee :	19

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory

Payment Behaviour :	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

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:

COSMOS WORLD SL

NIF / Fiscal code:

B53224358

Status:

ACTIVE

Incorporation Date:

16/10/1997

Register Data

Last Publication in BORME:

22/10/2013 [Statutory modifications]

Last Published Account Deposit:

2014

Share Capital:

3.005,06

Localization:

C/ MIGUEL SERVET, 13. - ELCHE/ELX - 03295 - ALICANTE

Telephone - Fax - Email - Website:

Telephone. 965 683 950

Activity:

NACE:

4642 - Wholesale of clothing and footwear

Registered Trademarks:

Audited / Opinion:

Si /

Tenders and Awards:

Subsidies:

0 for a total cost of 0

Quality Certificate:

Payment Behaviour:

According to the agreed terms

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

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Partners:

MIRAVICO SL

24.4 %

PAMAS INVERSIONES SL

24.6 %

GLORIA PILAR PINA MORALES

51 %

Identification

Social Denomination:

COSMOS WORLD SL

NIF / Fiscal code:

B53224358

Corporate Status:

ACTIVE

Start of activity:

1997

Registered Office:

C/ MIGUEL SERVET, 13.

Locality:

ELCHE/ELX

Province:

ALICANTE

Postal Code:

03295

Telephone:

965 683 950

Fax:

965 683 951

Interviewed Person:

La presente información ha sido obtenida a través de fuentes indirectas, ante la negativa por parte de los responsables de la titular de prestar cualquier tipo de colaboración para la confección del presente trabajo.

Branch Offices

Activity

NACE:

4642

Legal Form:

MANUFACTURING AND SALE OF FOOTWEAR, AS WELL AS THE MANUFACTURING AND SALE OF BAGS, MACHINERY AND ALL KINDS OF TEXTILE AND ACCESSORIES IN GENERAL.

Additional Information:

Manufacturing and sale of footwear.

Additional Address:

registered office and offices as well as dependencies are located in: C/ MIGUEL SERVET, 13. ELCHE/ELX 03295

Franchise:

Import / export:

EXPORTS

Future Perspective:

Consolidation

Industry situation:

Maturity

Number of Employees

Year

No. of employees

Established

Incidentals

2014

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

1997

Appointments/ Re-elections (1) Company Formation (1) Correction (2)

1998

Accounts deposit (year 1997)

1999

Accounts deposit (year 1998) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1)

2000

Accounts deposit (year 1999)

2001

Accounts deposit (year 2000) Change of Social Purpose (1) Other Concepts/ Events (1) Statutory Modifications (1)

2002

Accounts deposit (year 2001)

2003

Accounts deposit (year 2002) Change of Social address (1)

2004

Accounts deposit (year 2003)

2005

Accounts deposit (year 2004)

2006

Accounts deposit (year 2005)

2007

Accounts deposit (year 2006)

2009

Accounts deposit (year 2007) Appointments/ Re-elections (1)

2010

Accounts deposit (year 2008)

2012

Accounts deposit (year 2009, 2010) Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1) Statutory Modifications (1)

2013

Accounts deposit (year 2011, 2012) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1) Change of Social address (1) Statutory Modifications (1)

2015

Accounts deposit (year 2013, 2014)

Main Historic Changes

Concept

Publication

Act

Date

Corporate Purpose Changes:

LA FABRICACION Y VENTA DE CALZADO.

Company Formation

01/12/1997

Breakdown of Owners' Equity

Registered Capital:

3.005,06

Paid up capital:

3.005,06

Updated Evolution of the Subscribed and Paid-in Capital

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

19/11/1997

Company Formation

3.005

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

PRESIDENT

BERNAD VICO VICENTE

03/01/2012

MEMBER OF THE BOARD

BERNAD GRIMA RAMON

02/01/2012

PEREZ MIRALLES RICARDO

02/01/2012

BERNAD VICO VICENTE

02/01/2012

PROXY

PEREZ MIRALLES RICARDO

03/01/2012

NON CONSELLOR SECRETARY

DE AYALA MARIN CRISTINA

03/01/2012

ACCOUNTS' AUDITOR / HOLDER

GONZALVEZ ALBERO JAVIER

14/03/2013

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

BERNAD GRIMA JUAN

SINGLE ADMINISTRATOR

07/04/1999

GONZALVEZ ALBERO FRANCISCO MANUEL

ACCOUNTS' AUDITOR / HOLDER

14/03/2013

PEREZ MIRALLES RICARDO

SINGLE ADMINISTRATOR

02/01/2012

Executive board

Post

NIF

Name

FINANCIAL DIRECTOR

RICARDO PEREZ MIRALLES

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

---

> Basis for scoring

Positive Factors

Adverse Factors

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

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

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

Related companies without judicial claims . Neither judicial, administrative claims nor serious actions against companies related to the entity have been published in BORME, which indicates a tendency to meet their obligations.

It participates in other companies, a fact that allows it to diversify not only its activity but also the risk assumed by the legal entity, as well as enjoy the competitive advantages of such participation.

The current debt represents a 58.58% of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation.

Immediate solvency is significantly lower than that of the previous fiscal year.

Debts assumed by the company based on the volume of its own resources have increased in the previous financial year.

Limited capacity to generate cash and cash equivalents through operating income. In principle, a decrease in this ratio would indicate a worsening in the Company´s financial situation.

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

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

IS RELATED WITH:

1 Entities

PARTICIPATES IN:

1 Entities

SHAREHOLDERS:

3 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

MIRAVICO SL

ALICANTE

24.4

PAMAS INVERSIONES SL

ALICANTE

24.6

GLORIA PILAR PINA MORALES

PARTICIPATES IN

GETAFE UNO FOOTWEAR SL

ALICANTE

97.98

> Other relationships

Relationship

Entity

Province

Shareholding stake

IS RELATED WITH

| |

BANCO SANTANDER SA

CANTABRIA

Turnover

Total Sales 2014

9.863.737,81

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

June 2015

2013

Normales

March 2015

2012

Normales

October 2013

2011

Normales

March 2013

2010

Normales

March 2012

2009

Normales

February 2012

2008

Normales

December 2009

2007

Normales

April 2009

2006

Normales

August 2007

2005

Normales

September 2006

2004

Normales

September 2005

2003

Normales

August 2004

2002

Normales

September 2003

2001

Normales

September 2002

2000

Normales

September 2001

1999

Normales

August 2000

1998

Normales

September 1999

1997

Normales

September 1998

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 30/04/2014

> 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

415.527,00

245.797,00

233.262,00

240.898,00

256.564,00

I. Intangible fixed assets : 11100

20.504,00

0,00

1. Development: 11110

0,00

2. Concessions: 11120

0,00

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

0,00

4. Goodwill: 11140

0,00

5. IT applications: 11150

20.504,00

0,00

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

0,00

II. Tangible fixed assets : 11200

12.342,00

53.296,00

49.266,00

56.901,00

72.567,00

1. Land and buildings: 11210

0,00

-38.278,00

0,00

2. Technical installations and other tangible fixed assets: 11220

12.342,00

91.573,00

49.266,00

56.901,00

72.567,00

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

113.192,00

146.000,00

1. Equity instruments: 11410

113.192,00

146.000,00

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

47.886,00

46.502,00

37.996,00

1. Equity instruments: 11510

1.502,00

2. Credits to third parties : 11520

0,00

3. Debt securities: 11530

0,00

4. Derivatives : 11540

0,00

5. Other financial assets : 11550

46.385,00

45.000,00

36.495,00

6. Other investments: 11560

0,00

VI. Assets for deferred tax : 11600

221.603,00

0,00

VII. Non-current trade debts : 11700

0,00

B) CURRENT ASSETS: 12000

7.582.250,00

6.045.039,00

4.789.265,00

4.132.513,00

3.663.518,00

I. Non-current assets held for sale : 12100

0,00

II. Stocks: 12200

1.651.766,00

820.499,00

764.180,00

1.063.094,00

642.925,00

1. Commercial: 12210

1.612.328,00

781.060,00

735.039,00

558.389,00

412.699,00

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

39.438,00

29.141,00

504.705,00

230.226,00

III. Trade debtors and others receivable accounts: 12300

5.689.245,00

4.374.519,00

3.215.339,00

2.394.147,00

2.060.013,00

1. Trade debtors / accounts receivable: 12310

4.568.079,00

3.839.458,00

2.687.259,00

1.932.717,00

1.607.508,00

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

0,00

b) Customers for sales and provisions of services : 12312

4.568.079,00

3.839.458,00

2.687.259,00

1.932.717,00

1.607.508,00

2. Customers, Group companies and associates : 12320

315.914,00

256.409,00

307.320,00

355.533,00

352.656,00

3. Other accounts receivable: 12330

194.285,00

0,00

4. Personnel: 12340

0,00

5. Assets for deferred tax: 12350

0,00

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

610.967,00

278.653,00

220.760,00

105.896,00

99.850,00

7. Called up share capital: 12370

0,00

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

0,00

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

0,00

6. Other investments: 12460

0,00

V. Short-term financial investments : 12500

113.109,00

505.854,00

517.863,00

449.850,00

310.125,00

1. Equity instruments: 12510

113.109,00

105.491,00

101.500,00

101.122,00

103.867,00

2. Credits to businesses: 12520

0,00

3. Debt securities: 12530

0,00

4. Derivatives : 12540

0,00

5. Other financial assets : 12550

0,00

400.363,00

416.363,00

348.728,00

206.258,00

6. Other investments: 12560

0,00

VI. Short-term accruals: 12600

0,00

VII. Cash and other equivalent liquid assets : 12700

128.130,00

344.168,00

291.884,00

225.423,00

650.455,00

1. Treasury: 12710

128.130,00

344.168,00

291.884,00

225.423,00

650.455,00

2. Other equivalent liquid assets: 12720

0,00

TOTAL ASSETS (A + B) : 10000

7.997.777,00

6.290.837,00

5.022.527,00

4.373.411,00

3.920.082,00

ORIGINAL

Liabilities and Net Worth

2014

2013

2012

2011

2010

A) NET WORTH: 20000

3.293.130,00

3.698.243,00

3.489.423,00

3.441.653,00

2.565.561,00

A-1) Shareholders' equity: 21000

3.293.130,00

3.698.243,00

3.489.423,00

3.441.653,00

2.565.561,00

I. Capital: 21100

3.005,00

1. Registered capital : 21110

3.005,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

3.179.707,00

3.486.418,00

3.438.648,00

2.562.556,00

1.661.281,00

1. Legal and statutory: 21310

601,00

2. Other reserves: 21320

3.179.106,00

3.485.816,00

3.438.047,00

2.561.955,00

1.660.680,00

3. Revaluation reserves: 21330

0,00

IV. (Common stock equity): 21400

0,00

V. Results from previous periods: 21500

0,00

1. Brought forward: 21510

0,00

2. (Negative results from previous periods): 21520

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

110.418,00

208.820,00

47.770,00

876.092,00

901.276,00

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

19.658,00

34.070,00

16.352,00

0,00

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

19.658,00

34.070,00

16.352,00

0,00

1. Liabilities and other securities: 31210

0,00

2. Amounts owed to credit institutions: 31220

19.658,00

34.070,00

16.352,00

0,00

3. Creditors from financial leasing: 31230

0,00

4. Derivatives : 31240

0,00

5. Other financial liabilities : 31250

0,00

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

0,00

IV. Liabilities for deferred tax: 31400

0,00

V. Long-term accruals: 31500

0,00

VI. Non-current trade creditors : 31600

0,00

VII. Special long-term debts : 31700

0,00

C) CURRENT LIABILITIES : 32000

4.684.990,00

2.558.524,00

1.516.753,00

931.758,00

1.354.521,00

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

3.242.335,00

1.486.464,00

313.812,00

304.100,00

394.458,00

1. Liabilities and other securities: 32310

0,00

2. Amounts owed to credit institutions: 32320

3.242.335,00

1.486.464,00

313.812,00

304.100,00

394.458,00

3. Creditors from financial leasing: 32330

0,00

4. Derivatives : 32340

0,00

5. Other financial liabilities : 32350

0,00

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

0,00

V. Trade creditors and other accounts payable: 32500

1.442.655,00

1.072.060,00

1.202.941,00

627.658,00

960.063,00

1. Suppliers: 32510

460.372,00

271.621,00

309.580,00

138.384,00

267.385,00

a) Long-term debts : 32511

0,00

b) Short-term debts : 32512

460.372,00

271.621,00

309.580,00

138.384,00

267.385,00

2. Suppliers, Group companies and associates: 32520

0,00

3. Other creditors: 32530

877.385,00

632.434,00

558.170,00

152.534,00

245.317,00

4. Personnel (remuneration due): 32540

0,00

5. Liabilities for current tax: 32550

10.597,00

15.691,00

0,00

135.952,00

180.937,00

6. Other accounts payable to Public Administrations.: 32560

94.302,00

152.314,00

335.191,00

200.787,00

266.424,00

7. Advances from clients: 32570

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

7.997.777,00

6.290.837,00

5.022.527,00

4.373.411,00

3.920.082,00

ORIGINAL

Profit and Loss

2014

2013

2012

2011

2010

1. Net turnover: 40100

9.863.738,00

10.219.536,00

4.533.530,00

11.991.627,00

10.511.708,00

a) Sales: 40110

9.863.738,00

10.219.536,00

4.533.530,00

11.991.627,00

10.511.708,00

b) Rendering of services: 40120

0,00

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

0,00

4. Supplies : 40400

-7.017.813,00

-7.194.633,00

-3.412.302,00

-7.935.254,00

-6.862.158,00

a) Stock consumption: 40410

-6.996.934,00

-7.171.653,00

-3.409.762,00

-7.898.653,00

-6.804.307,00

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

-20.879,00

-22.981,00

-2.540,00

-36.600,00

-57.851,00

c) Works carried out by other companies: 40430

0,00

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

0,00

5. Other operating income: 40500

0,00

a) Auxiliary income and other from current management: 40510

0,00

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

0,00

6. Personnel costs: 40600

-453.361,00

-533.010,00

-187.560,00

-532.649,00

-431.137,00

a) Wages, salaries et al.: 40610

-346.835,00

-406.137,00

-142.840,00

-405.573,00

-328.525,00

b) Social security costs: 40620

-106.526,00

-126.872,00

-44.720,00

-127.076,00

-102.613,00

c) Provisions : 40630

0,00

7. Other operating costs: 40700

-2.075.008,00

-2.067.036,00

-820.398,00

-2.164.172,00

-1.936.618,00

a) External services: 40710

-1.905.031,00

-2.063.436,00

-819.767,00

-2.156.264,00

-1.935.005,00

b) Taxes: 40720

-4.367,00

0,00

-631,00

-7.908,00

-1.613,00

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

-165.610,00

-3.600,00

0,00

d) Other current management expenditure : 40740

0,00

e) Expenses due to greenhouse gas emissions: 40750

0,00

8. Amortisation of fixed assets: 40800

-27.199,00

-38.278,00

-10.102,00

-31.190,00

-17.564,00

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

0,00

10. Excess provisions : 41000

0,00

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

0,00

a) Impairment and losses : 41110

0,00

b) Results for transfers and other : 41120

0,00

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

-9.160,00

21.667,00

-122,00

4.108,00

-2.154,00

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

281.197,00

408.247,00

103.046,00

1.332.470,00

1.262.077,00

14. Financial income : 41400

8.769,00

17.500,00

573,00

-2.613,00

6.732,00

a) Of shares in equity instruments : 41410

0,00

a 1) In Group companies and associates: 41411

0,00

a 2) In third parties: 41412

0,00

b) From negotiable securities and other financial instruments : 41420

8.769,00

17.500,00

573,00

-2.613,00

6.732,00

b 1) From Group companies and associates : 41421

0,00

4.534,00

463,00

-2.613,00

6.732,00

b 2) From third parties : 41422

8.769,00

12.966,00

110,00

0,00

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

0,00

15. Financial expenditure: 41500

-113.451,00

-116.696,00

-35.378,00

-95.358,00

-90.686,00

a) Amounts owed to Group companies and associates : 41510

-80.592,00

-88.474,00

0,00

-93.704,00

0,00

b) For debts with third parties : 41520

-32.218,00

-23.817,00

-35.378,00

-1.653,00

-90.686,00

c) Stock renewal : 41530

-641,00

-4.405,00

0,00

16. Changes in fair value of financial instruments : 41600

7.618,00

8.395,00

0,00

a) Trading book and other : 41610

7.618,00

8.395,00

0,00

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

0,00

17. Exchange rate differences : 41700

-532,00

-38.907,00

0,00

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

-32.804,00

0,00

273,00

48.567,00

a) Impairment and losses : 41810

-32.808,00

0,00

48.567,00

b) Results for transfers and other : 41820

5,00

0,00

273,00

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

-130.400,00

-129.708,00

-34.804,00

-97.697,00

-35.388,00

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

150.797,00

278.539,00

68.242,00

1.234.772,00

1.226.690,00

20. Income taxes: 41900

-40.380,00

-69.718,00

-20.473,00

-358.680,00

-325.414,00

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

110.418,00

208.820,00

47.770,00

876.092,00

901.276,00

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

0,00

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

110.418,00

208.820,00

47.770,00

876.092,00

901.276,00

> 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:

193.924,00

245.797,00

233.262,00

240.898,00

256.564,00

I. Formation expenses:

0,00

II. Intangible fixed assets:

20.504,00

0,00

1. Research and development costs:

0,00

2. Concessions, patents, licences, trademarks et al.:

0,00

3. Goodwill:

0,00

4. Key money paid for premises:

0,00

5. Software:

20.504,00

0,00

6. Assets under capital leases:

0,00

7. Payments on account:

0,00

8. Provisions:

0,00

9. Accumulated depreciation:

0,00

III. Tangible fixed assets:

12.342,00

53.296,00

49.266,00

56.901,00

72.567,00

1. Land and construction:

0,00

-38.278,00

0,00

2. Technical installations and machinery:

8.529,00

63.282,00

34.045,00

39.322,00

50.147,00

3. Other installations, tools and furniture:

0,00

4. Payments on account and tangible fixed assets under construction:

0,00

5. Other tangible assets:

3.813,00

28.292,00

15.221,00

17.580,00

22.420,00

6. Provisions:

0,00

7. Accumulated depreciation:

0,00

IV. Financial investments:

161.078,00

192.502,00

183.996,00

1. Equity investments in group companies:

113.192,00

146.000,00

2. Receivables from group companies:

0,00

3. Equity investment in associated companies:

0,00

4. Credits to associated companies:

0,00

5. Long-term securities portfolio:

1.502,00

6. Other receivables:

0,00

7. Long term guarantees and deposits:

46.385,00

45.000,00

36.495,00

8. Provisions:

0,00

9. Long-term receivables from public bodies:

0,00

V. Own shares:

0,00

VI. Long-term trade receivables:

0,00

C) Deferred expenses:

0,00

D) CURRENT ASSETS:

7.803.853,00

6.045.039,00

4.789.265,00

4.132.513,00

3.663.518,00

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

0,00

II. Stocks:

1.651.766,00

820.499,00

764.180,00

1.063.094,00

642.925,00

1. Goods for resale:

1.612.328,00

781.060,00

735.039,00

558.389,00

412.699,00

2. Raw materials and other consumables:

0,00

3. Goods in process and semifinished ones:

0,00

4. Finished products:

0,00

5. Byproducts, scrap and recovered materials:

0,00

6. Payments on account:

39.438,00

29.141,00

504.705,00

230.226,00

7. Provisions:

0,00

III. Debtors:

5.910.848,00

4.374.519,00

3.215.339,00

2.394.147,00

2.060.013,00

1. Trade debtors / accounts receivable:

4.568.079,00

3.839.458,00

2.687.259,00

1.932.717,00

1.607.508,00

2. Accounts receivable, Group companies:

315.914,00

256.409,00

307.320,00

355.533,00

352.656,00

3. Accounts receivable, associated companies:

0,00

4. Other debtors:

194.285,00

0,00

5. Staff:

0,00

6. Public bodies:

832.570,00

278.653,00

220.760,00

105.896,00

99.850,00

7. Provisions:

0,00

IV. Short-term investments:

113.109,00

505.854,00

517.863,00

449.850,00

310.125,00

1. Equity investments in group companies:

0,00

2. Receivables from group companies:

0,00

3. Equity investment in associated companies:

0,00

4. Credits to associated companies:

0,00

5. Short term securities portfolio:

113.109,00

105.491,00

101.500,00

101.122,00

103.867,00

6. Other receivables:

0,00

7. Shor term guarantees and deposits:

0,00

400.363,00

416.363,00

348.728,00

206.258,00

8. Provisions:

0,00

V. Short-term treasury shares:

0,00

VI. Cash at bank and in hand:

128.130,00

344.168,00

291.884,00

225.423,00

650.455,00

VII. Prepayments and accrued income:

0,00

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

7.997.777,00

6.290.837,00

5.022.527,00

4.373.411,00

3.920.082,00

MERCANTILE REGISTRY.

EQUIVALENCIA

LIABILITIES

2014

2013

2012

2011

2010

A) EQUITY:

3.293.130,00

3.698.243,00

3.489.423,00

3.441.653,00

2.565.561,00

I. Subscribed capital:

3.005,00

II. Share premium:

0,00

III. Revaluation reserves:

0,00

IV. Reserves:

3.179.707,00

3.486.418,00

3.438.648,00

2.562.556,00

1.661.281,00

1. Legal reserve:

601,00

2. Reserves for own shares:

0,00

3. Reserves for shares of the controlling company:

0,00

4. Statutory reserves:

0,00

5. Miscellaneous reserves:

3.179.106,00

3.485.816,00

3.438.047,00

2.561.955,00

1.660.680,00

Differences due to capital adjustement to euros:

0,00

V. Profit or loss brought forward:

0,00

1. Retained earnings:

0,00

2. Prior year losses:

0,00

3. Partners' contributions so as to compensate losses:

0,00

VI. Profit or loss for the financial year:

110.418,00

208.820,00

47.770,00

876.092,00

901.276,00

VII. Interim dividend paid:

0,00

VIII. Own shares for capital reduction:

0,00

B) Deferred income:

0,00

1. Capital grants:

0,00

2. Unrealised exchange gains:

0,00

3. Other deferred income:

0,00

4. Public revenues to distribute in several financial years:

0,00

C) PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

1. Provisions for pension fund and other similar obligations:

0,00

2. Provisions for taxes:

0,00

3. Other provisions:

0,00

4. Reversion fund:

0,00

D) LONG TERM LIABILITIES:

19.658,00

34.070,00

16.352,00

0,00

I. Issued debentures and other marketable securities:

0,00

1. Non-convertible debentures:

0,00

2. Convertible debentures:

0,00

3. Other debt securities:

0,00

II. Amounts owed to credit institutions:

19.658,00

34.070,00

16.352,00

0,00

1. Loans and other liabilities:

19.658,00

34.070,00

16.352,00

0,00

2. Long-term liabilities from capital leases:

0,00

III. Debts with companies of the group and affiliated ones:

0,00

1. Amounts owed to group companies:

0,00

2. Amounts owed to associated companies:

0,00

IV. Other creditors:

0,00

1. Long-term bills of exchange payable:

0,00

2. Other creditors:

0,00

3. Long term guarantees and deposits received:

0,00

4. Long term payables to public bodies:

0,00

V. Unpaid portion of equity investment:

0,00

1. Group companies:

0,00

2. Associated companies:

0,00

3. Third parties:

0,00

VI. Long term trade creditors:

0,00

E) SHORT TERM CREDITORS:

4.684.990,00

2.558.524,00

1.516.753,00

931.758,00

1.354.521,00

I. Issued debentures and other marketable securities:

0,00

1. Non-convertible debentures:

0,00

2. Convertible debentures:

0,00

3. Other debt securities:

0,00

4. Accrued interest on debentures and other debt securities:

0,00

II. Amounts owed to credit institutions:

3.242.335,00

1.486.464,00

313.812,00

304.100,00

394.458,00

1. Loans and other liabilities:

3.242.335,00

1.486.464,00

313.812,00

304.100,00

394.458,00

2. Accrued interest on liabilities with credit institutions:

0,00

3. Short-term liabilities from capital leases:

0,00

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

0,00

1. Amounts owed to group companies:

0,00

2. Amounts owed to associated companies:

0,00

IV. Trade creditors:

1.337.757,00

904.055,00

867.750,00

290.918,00

512.702,00

1. Advanced payments from customers:

0,00

2. Amounts owed for purchases of goods or services:

1.337.757,00

904.055,00

867.750,00

290.918,00

512.702,00

3. Debts represented by notes payable:

0,00

V. Other creditors:

104.899,00

168.004,00

335.191,00

336.740,00

447.361,00

1. Public bodies:

104.899,00

168.004,00

335.191,00

336.740,00

447.361,00

2. Bills of exchange payable:

0,00

3. Miscellaneous debts:

0,00

4. Wages and salaries payable:

0,00

5. Guarantees and deposits received at short term:

0,00

VI. Provisions:

0,00

VII. Prepayments and accrued income:

0,00

F) SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

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

7.997.777,00

6.290.837,00

5.022.527,00

4.373.411,00

3.920.082,00

MERCANTILE REGISTRY.

EQUIVALENCIA

DEBIT

2014

2013

2012

2011

2010

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

9.769.712,00

10.058.278,00

4.486.333,00

11.117.303,00

9.617.164,00

A.1. Stock reduction of both manufactured goods and the ones in process:

0,00

A.2. Supplies:

7.017.813,00

7.194.633,00

3.412.302,00

7.935.254,00

6.862.158,00

a) Stock consumption:

6.996.934,00

7.171.653,00

3.409.762,00

7.898.653,00

6.804.307,00

b) Consumption of raw materials and miscellaneous consumable ones:

20.879,00

22.981,00

2.540,00

36.600,00

57.851,00

c) Miscellaneous external expenditure:

0,00

A.3. Staff costs:

453.361,00

533.010,00

187.560,00

532.649,00

431.137,00

a) Wages, salaries et al.:

346.835,00

406.137,00

142.840,00

405.573,00

328.525,00

b) Social security costs:

106.526,00

126.872,00

44.720,00

127.076,00

102.613,00

A.4. Depreciation expense:

27.199,00

38.278,00

10.102,00

31.190,00

17.564,00

A.5. Variation of trade provisions and losses of unrecovered receivables:

165.610,00

3.600,00

0,00

a) Stock provision variation:

0,00

b) Variation in provision and bad debt losses:

0,00

c) Variation of other trade provisions:

165.610,00

3.600,00

0,00

A.6. Other operating charges:

1.909.398,00

2.063.436,00

820.398,00

2.164.172,00

1.936.618,00

a) External services:

1.905.031,00

2.063.436,00

819.767,00

2.156.264,00

1.935.005,00

b) Taxes:

4.367,00

0,00

631,00

7.908,00

1.613,00

c) Other operating expenses:

0,00

d) Allocation to revision fund:

0,00

A.I. OPERATING BENEFITS (B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6):

290.357,00

386.580,00

103.168,00

1.328.362,00

1.264.231,00

A.7. Financial and similar charges:

113.451,00

116.696,00

35.378,00

95.358,00

90.686,00

a) Due to liabilities with companies of the group:

80.592,00

88.474,00

0,00

93.704,00

0,00

b) Due to liabilities with associated companies:

0,00

c) Due to other debts.:

32.859,00

28.222,00

35.378,00

1.653,00

90.686,00

d) Losses from financial investments:

0,00

A.8. Changes in financial investment provisions:

32.808,00

0,00

-48.567,00

A.9. Exchange losses:

532,00

38.907,00

0,00

A.II. NET FINANCIAL INCOME (B.5+B.6+B.7+B.8-A.7-A.8-A.9):

0,00

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

159.957,00

256.871,00

68.364,00

1.230.665,00

1.228.843,00

A.10. Changes in provisions for intangible, tangible and securities portfolio:

0,00

A.11. Losses from tangible and intangible fixed assets and securities portfolio:

0,00

A.12. Losses from transactions with own shares and debentures:

0,00

A.13. Extraordinary expenses:

9.160,00

0,00

122,00

0,00

2.154,00

A.14. Expenses and losses of former financial years:

0,00

A.IV. EXTRAORDINARY PROFIT (B.9+B.10+B.11+B.12+B.13-A.10-A.11-A.12-A.13-A.14):

0,00

21.667,00

0,00

4.108,00

0,00

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

150.797,00

278.539,00

68.242,00

1.234.772,00

1.226.690,00

A.15. Corporation tax:

40.380,00

69.718,00

20.473,00

358.680,00

325.414,00

A.16. Miscellaneous taxes:

0,00

A.VI. FINANCIAL YEAR RESULTS (PROFIT) (A.V-A.15-A.16):

110.418,00

208.820,00

47.770,00

876.092,00

901.276,00

MERCANTILE REGISTRY.

EQUIVALENCIA

CREDIT

2014

2013

2012

2011

2010

B) INCOME ( B.1 to B.13):

9.880.130,00

10.267.098,00

4.534.103,00

11.993.395,00

10.518.440,00

B.1. Net total sales:

9.863.738,00

10.219.536,00

4.533.530,00

11.991.627,00

10.511.708,00

a) Sales:

10.442.538,00

10.819.214,00

4.799.555,00

12.695.290,00

11.128.530,00

b) Rendering of services:

0,00

Returns and Rappel on sales:

-578.800,00

-599.678,00

-266.026,00

-703.663,00

-616.822,00

B.2. Stock increase of manufactured goods and products in process:

0,00

B.3. Works performed by the company for fixed assets:

0,00

B.4. Miscellaneous operating income:

0,00

a) Auxiliary income and other from current management:

0,00

b) Grants:

0,00

c) Liabilities and charges provisions surplus:

0,00

B.I. PÉRDIDAS DE EXPLOTACIÓN (A.1+A.2+A.3+A.4+A.5-A.6-B.1-B.2-B.3-B.4):

0,00

B.5. Income from equity investment:

0,00

a) In companies of the group:

0,00

b) In associated companies:

0,00

c) Third parties:

0,00

B.6. Income from other marketable securities and long-term receivables:

0,00

a) From companies of the group:

0,00

b) From associated companies:

0,00

c) From companies out of the group:

0,00

B.7. Miscellaneous interests or similar income:

16.392,00

25.895,00

573,00

-2.340,00

6.732,00

a) From companies of the group:

0,00

4.534,00

463,00

-2.613,00

6.732,00

b) From associated companies:

0,00

c) Miscellaneous interests:

8.769,00

12.966,00

110,00

0,00

d) Profit on financial investment:

7.623,00

8.395,00

0,00

273,00

0,00

B.8. Exchange positive differences:

0,00

B.II. NEGATIVE FINANCIAL RESULTS (A.7+A.8+A.9-B.5-B.6-B.7-B.8):

130.400,00

129.708,00

34.804,00

97.697,00

35.388,00

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

0,00

B.9.Profit on disposal of both tangible and intangible fixed assets and securities portfolio:

0,00

B.10. Profit on transactions with own shares and debentures:

0,00

B.11. Capital grants transferred to profit and loss:

0,00

B.12. Extraordinary income:

0,00

21.667,00

0,00

4.108,00

0,00

B.13. Income and profit of former financial years:

0,00

B.IV. NEGATIVE EXTRAORDINARY RESULTS (A.10+A.11+A.12+A.13+A.14-B.9-B.10-B.11-B.12-B.13):

9.160,00

0,00

122,00

0,00

2.154,00

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

0,00

B.VI. RESULT OF THE PERIOD (LOSSES) (B.V+A.15+A.16):

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

150.797,00

278.539,00

68.242,00

1.234.772,00

1.226.690,00

2. Results adjustments.: 61200

157.066,00

137.474,00

44.906,00

129.161,00

52.952,00

a) Fixed Assets Amortization (+).: 61201

27.199,00

38.278,00

10.102,00

31.190,00

17.564,00

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

32.804,00

0,00

-48.567,00

g) Financial income (-).: 61207

-16.387,00

-17.500,00

-573,00

0,00

-6.732,00

h) Financial Expenses (+). : 61208

113.451,00

116.696,00

35.378,00

97.971,00

90.686,00

3. Changes in current capital equity.: 61300

-1.384.694,00

-152.507,00

11.056,00

-1.316.790,00

-470.274,00

a) Stock (+/-).: 61301

-831.268,00

-56.319,00

298.914,00

-420.169,00

-442.002,00

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

-1.314.725,00

-1.159.181,00

-821.192,00

-334.134,00

113.703,00

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

392.744,00

12.009,00

-68.013,00

-139.725,00

-208.228,00

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

370.596,00

1.036.320,00

575.283,00

-422.763,00

66.253,00

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

0,00

15.162,00

0,00

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

-2.041,00

14.663,00

10.901,00

0,00

4. Other cash flows for operating activities.: 61400

-137.443,00

-168.914,00

-55.277,00

-456.651,00

-409.369,00

a) Interest payments (-). : 61401

-113.451,00

-116.696,00

-35.378,00

-97.971,00

-90.686,00

c) Interest collection (+). : 61403

16.387,00

17.500,00

573,00

0,00

6.732,00

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

-40.380,00

-69.718,00

-20.473,00

-358.680,00

-325.414,00

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

-1.214.274,00

94.592,00

68.928,00

-409.509,00

399.999,00

6. Payments for investment (-).: 62100

-27.253,00

-42.308,00

-2.467,00

-15.524,00

-18.594,00

b) Intangible fixed assets. : 62102

-20.504,00

0,00

c) Fixed assets. : 62103

-6.749,00

-42.308,00

-2.467,00

-15.524,00

-18.594,00

7. Divestment payment collection (+). : 62200

0,00

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

-27.253,00

-42.308,00

-2.467,00

-15.524,00

-18.594,00

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

-306.711,00

0,00

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

-306.711,00

0,00

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

1.741.458,00

0,00

a) Issuance : 63201

1.741.458,00

0,00

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

1.741.458,00

0,00

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

0,00

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

1.434.747,00

0,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

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

193.221,00

52.284,00

66.461,00

-425.032,00

381.405,00

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

344.168,00

291.884,00

225.423,00

650.455,00

269.050,00

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

537.388,00

344.168,00

291.884,00

225.423,00

650.455,00

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 %

0,01 %

-528,11 %

0,90 %

EBITDA over Sales:

3,22 %

12,64 %

4,16 %

11,37 %

-22,56 %

11,16 %

Cash Flow Yield:

-0,03 %

0,01 %

-425,02 %

9,47 %

Profitability

2014

2013

Variación 2014 - 2013

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

3,76 %

9,12 %

6,91 %

6,88 %

-45,62 %

32,69 %

Total economic profitability:

3,30 %

5,11 %

6,28 %

3,76 %

-47,41 %

35,78 %

Financial profitability:

3,35 %

7,84 %

5,65 %

4,25 %

-40,62 %

84,54 %

Margin:

2,94 %

7,88 %

3,78 %

6,72 %

-22,18 %

17,25 %

Mark-up:

1,62 %

7,07 %

2,51 %

4,50 %

-35,48 %

56,94 %

Solvency

2014

2013

Variación 2014 - 2013

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,03

0,15

0,13

-79,67

11,07

Acid Test:

1,27

0,89

2,04

0,87

-38,01

2,78

Working Capital / Investment:

0,36

0,03

0,55

0,05

-34,64

-48,89

Solvency:

1,67

1,21

2,36

1,18

-29,50

2,47

Indebtedness

2014

2013

Variación 2014 - 2013

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

1,43

1,31

0,70

1,39

103,79

-6,13

Borrowing Composition:

0,00

1,20

0,01

1,01

-68,49

19,21

Repayment Ability:

-21,78

83,72

49,59

94,07

-143,92

-11,00

Warranty:

1,70

1,77

2,43

1,73

-29,94

2,65

Generated resources / Total creditors:

0,04

0,09

0,10

0,08

-61,99

8,01

Efficiency

2014

2013

Variación 2014 - 2013

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,70

2,05

1,80

1,85

-5,38

10,80

Turnover of Collection Rights :

1,73

5,59

2,34

5,00

-25,79

11,81

Turnover of Payment Entitlements:

6,30

3,76

8,64

3,63

-27,04

3,65

Stock rotation:

5,80

9,16

11,98

7,34

-51,64

24,84

Assets turnover:

1,28

1,16

1,83

1,02

-30,11

13,17

Borrowing Cost:

2,41

2,97

4,50

2,87

-46,43

3,21

> 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 %

-0,04 %

0,04 %

EBITDA over Sales:

3,22 %

4,16 %

2,50 %

11,34 %

12,19 %

Cash Flow Yield:

-0,03 %

0,01 %

-0,10 %

0,10 %

Profitability

2014

2013

2012

2011

2010

Operating economic profitability:

3,76 %

6,91 %

2,39 %

35,52 %

36,90 %

Total economic profitability:

3,30 %

6,28 %

2,06 %

30,41 %

33,61 %

Financial profitability:

3,35 %

5,65 %

1,37 %

25,46 %

35,13 %

Margin:

2,94 %

3,78 %

2,28 %

11,08 %

12,03 %

Mark-up:

1,62 %

2,51 %

1,51 %

10,26 %

11,69 %

Solvency

2014

2013

2012

2011

2010

Liquidity:

0,03

0,13

0,19

0,24

0,48

Acid Test:

1,27

2,04

2,65

3,29

2,23

Working Capital / Investment:

0,36

0,55

0,65

0,73

0,59

Solvency:

1,67

2,36

3,16

4,44

2,70

Indebtedness

2014

2013

2012

2011

2010

Indebtedness level:

1,43

0,70

0,44

0,27

0,53

Borrowing Composition:

0,00

0,01

0,00

Repayment Ability:

-21,78

49,59

23,07

-2,19

3,55

Warranty:

1,70

2,43

3,28

4,69

2,89

Generated resources / Total creditors:

0,04

0,10

0,04

0,97

0,64

Efficiency

2014

2013

2012

2011

2010

Productivity:

1,70

1,80

1,60

3,55

3,97

Turnover of Collection Rights :

1,73

2,34

1,41

5,01

5,10

Turnover of Payment Entitlements:

6,30

8,64

3,52

16,09

9,16

Stock rotation:

5,80

11,98

5,80

10,03

14,38

Assets turnover:

1,28

1,83

1,05

3,21

3,07

Borrowing Cost:

2,41

4,50

2,31

10,23

6,70

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

EL PAÍS

20/07/2015

Diesel y Cosmos, 20 años peleando por una marca de zapatillas

Companies related

Public Tenders and Works Won

No Public Tenders assigned to the name of the company.

Research Summary

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.97
UK Pound	1	Rs.100.54
Euro	1	Rs.73.99

INFORMATION DETAILS

Analysis Done by :	KIN

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

Identification

Activity

Number of Employees

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

Turnover

Financial Accounts and Balance Sheets

CASHFLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

News

Public Tenders and Works Won

Research Summary

Unit