MIRA
INFORM REPORT
|
Report No. : |
344945 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
VENTIS QUALITY SL |
|
|
|
|
Registered Office : |
C/ Marques D''asprella, 39 1º C. - Elche/Elx - 03201 - |
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|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
17.02.2012 |
|
|
|
|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
Subject is manufacture of luggage, handbags and the like, saddlery and
harness |
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|
|
|
No. of Employee : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
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: |
VENTIS
QUALITY SL |
|
NIF
/ Fiscal code: |
B54617022 |
|
Status: |
ACTIVE |
|
Incorporation
Date: |
17/02/2012 |
|
Register Data |
Register
Section 8 Sheet 128925 |
|
Last Publication in BORME: |
01/03/2012
[Appointments] |
|
Last
Published Account Deposit: |
2014 |
|
Share
Capital: |
3.010 |
|
|
|
|
Localization: |
C/
MARQUES D''ASPRELLA, 39 1º C. - ELCHE/ELX - 03201 - ALICANTE |
|
Telephone
- Fax - Email - Website: |
Telephone.
962 361 086 |
|
|
|
|
Activity: |
|
|
NACE: |
1512
- Manufacture of luggage, handbags and the like, saddlery and harness |
|
Registered
Trademarks: |
|
|
Audited
/ Opinion: |
No |
|
Tenders
and Awards: |
|
|
Subsidies: |
0
for a total cost of 0 |
|
Quality
Certificate: |
No |
|
|
|
|
Scoring and Risk: |
|
|
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 |
0 |
--- |
|
Proceedings
heard by the Civil Court |
Unpublished |
0 |
--- |
|
Proceedings
heard by the Labour Court |
Unpublished |
0 |
--- |
|
|
|
Partners: |
|
|
|
Shares: |
0 |
|
|
Other
Links: |
1 |
|
|
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 2012 and it''s engaged in the manufacture of
leather goods. Its turnover increased 15,10 % in 2014 vs the previous year. It
meets payment commitments on a normal basis. |
|
|
Enquiry Details |
|
|
Business address regime: |
Alquiler |
|
Identification |
|
|
Social Denomination: |
VENTIS QUALITY SL |
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NIF / Fiscal code: |
B54617022 |
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Corporate Status: |
ACTIVE |
|
Start of activity: |
2012 |
|
Registered Office: |
C/ MARQUES D''ASPRELLA, 39
1º C. |
|
Locality: |
ELCHE/ELX |
|
Province: |
ALICANTE |
|
Postal Code: |
03201 |
|
Telephone: |
962 361 086 |
|
Fax: |
962 361 102 |
Activity |
|
|
NACE: |
1512 |
|
Legal Form: |
MANUFACTURE, COMMERCIALIZATION AND DISTRIBUTION OF LEATHER GOODS SUCH AS LUGGAGE, HANDBAGS AND ACCESSORIES; CONSULTING, MANAGEMENT, MARKET STUDIES, TECHNICAL, COMMERCIAL AND ADVERTISING ASSISTANCE TO NATURAL AND LEGAL PERSONS OF BUSINESS ACTIVITIES IN RELATION TO ITS SECTOR. |
|
Additional Information: |
It''''s engaged in manufacture anf trading of leather goods, bags and accessories. |
|
Additional Address: |
Registered office and offices C/ MARQUES D''''''''ASPRELLA, 39 1º C. 03201 ELCHE (ALICANTE) CARRER MOLINS , 6 46870 ONTINYENT (VALENCIA) |
|
Import / export: |
IMPORT / EXPORT |
|
Future Perspective: |
Consolidation |
|
Industry situation: |
Maturity |
|
Number of Employees |
|
|
|
|
|
Year |
No. of employees |
Established |
Incidentals |
|
2015 |
8 |
|
|
The data of employees is
from the latest available financial statements. Failing that, are estimates data
calculated by statistical methods
|
Chronological Summary |
||
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|
|
Year |
Act |
|
|
2012 |
Appointments/ Re-elections (1) Company Formation (1) |
|
|
2013 |
Accounts deposit (year 2012) |
|
|
2014 |
Accounts deposit (year 2013) |
|
|
2015 |
Accounts deposit (year 2014) |
|
Breakdown of Owners' Equity |
|
|
Registered Capital: |
3.010 |
|
Paid up capital: |
3.010 |
|
Updated Evolution of the Subscribed and Paid-in Capital |
|||||
|
|
|
|
|
|
|
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
21/02/2012 |
Company Formation |
3.010 |
3.010 |
3.010 |
3.010 |
|
Active Social Bodies |
|
|
|
|
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
|
SINGLE ADMINISTRATOR |
CONTRERAS ESCLAPEZ JUAN ANTONIO |
21/02/2012 |
1 |
|
Executive board |
||
|
|
|
|
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
JUAN ANTONIO CONTRERAS ESCLAPEZ |
|
DIRECTOR/GENERAL MANAGER |
|
JUAN ANTONIO CONTRERAS ESCLAPEZ |
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 |
--- |
|
|
> Details
> Basis for scoring
|
Positive Factors |
Adverse Factors |
|
No judicial claims have
been detected in the Official Gazettes, regarding any Entity's outstanding
debts with the Tax Bureau or Social Security administrations, as submitted by
Courts of the various court jurisdictions. No irregular payment
performance has been detected based on information obtained from credit
bureaus. The current debt
represents a 28.82of the financial structure. In principle, a decrease in
this ratio would indicate an improvement in the short-term financial
situation. High financial profitability.
Net return from the company's main activity performed using its own equity is
high. This income return has decreased in comparison with the previous
financial year. It presents a efficient
productivity. Net margin shows adequate company costs management as income
exceed operating expenses. |
No Company's
subsidiaries or branches are known. It is in a Development
stage. It has scarce experience in the Sector, characterized by not having
yet achieved a strong market position. Possible difficulty accessing
financing. Uncertainties about economic recovery will hinder access to credit
for new projects or for obtaining the liquidity necessary for short-term
needs. |
The information
contained in the latest annual statements has led to a Scoring review for the
company.
Probability of default |
|
|
|
|
> Estimated
Probability of Default for the next 12 months: 3.401 %
|
Sector in which
comparison is carried out: 151 Tanning and
dressing of leather; manufacture of luggage, handbags, saddlery and harness;
dressing and dyeing of fur |
|
|
Relative Position:
|
The company's comparative
analysis with the rest of the companies that comprise the sector, shows the
company holds a better position with regard to the probability of non-compliance.
The probability of
the company's non-compliance with its payment obligations within deadlines
estimated by our qualifications models is 3.401%.
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 |
|
|
|
|
|
|
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No
se han publicado |
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No
se han publicado |
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No
se han publicado |
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No
se han publicado |
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No
se han publicado |
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No
se han publicado |
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No
se han publicado |
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No
se han publicado |
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No
se han publicado |
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|
Link List |
|
IS RELATED WITH: |
1 Entities |
> Other relationships
|
Relationship |
Entity |
Province |
Shareholding stake |
|
IS RELATED WITH |
PASERUN S.L |
ALICANTE |
|
|
Turnover |
|
|
Total Sales 2014 |
3.950.390,48 |
The sales data is from the
latest available financial statements. 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 |
October
2015 |
|
2013 |
Normales |
October
2014 |
|
2012 |
Normales |
October
2013 |
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 Abreviado de acuerdo al Nuevo Plan
General Contable 2007
Information corresponding
to the fiscal year 2014 2013 2012 is taken from information
submitted to the TRADE REGISTER. Data corresponding to fiscal years before
2014 2013 2012 has been compiled based on the equivalence
criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did
not establish relevant equivalence criteria. To view details on the
methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
Assets |
2014 |
2013 |
2012 |
|
A)
NON-CURRENT ASSETS: 11000 |
22.269,00 |
31.154,00 |
40.039,00 |
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
0,00 |
|
II. Tangible fixed assets : 11200 |
17.769,00 |
26.654,00 |
35.539,00 |
|
III. Real estate investment: 11300 |
0,00 |
0,00 |
0,00 |
|
IV. Long-term investments in Group companies and associates :
11400 |
0,00 |
0,00 |
0,00 |
|
V. Long-term financial investments: 11500 |
4.500,00 |
4.500,00 |
4.500,00 |
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
0,00 |
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
|
B)
CURRENT ASSETS: 12000 |
1.542.452,00 |
1.339.537,00 |
655.573,00 |
|
I. Non-current assets held for sale : 12100 |
0,00 |
0,00 |
0,00 |
|
II. Stocks: 12200 |
755.618,00 |
596.058,00 |
281.117,00 |
|
III. Trade debtors and others receivable accounts: 12300 |
434.791,00 |
454.349,00 |
293.212,00 |
|
1.- Customers for sales and provisions of
services : 12380 |
434.791,00 |
454.349,00 |
293.212,00 |
|
a) Long-term
receivables from sales and services supplied : 12381 |
0,00 |
0,00 |
0,00 |
|
b) Customers for
sales and provisions of services : 12382 |
434.791,00 |
454.349,00 |
293.212,00 |
|
2.- Called up share capital : 12370 |
0,00 |
0,00 |
0,00 |
|
3.- Other accounts receivable :
12390 |
0,00 |
0,00 |
0,00 |
|
IV. Short-term investments in Group companies and associates:
12400 |
0,00 |
0,00 |
0,00 |
|
V. Short-term financial investments : 12500 |
0,00 |
0,00 |
0,00 |
|
VI. Short-term accruals: 12600 |
0,00 |
0,00 |
0,00 |
|
VII. Cash and other equivalent liquid assets : 12700 |
352.043,00 |
289.130,00 |
81.245,00 |
|
TOTAL
ASSETS (A + B) : 10000 |
1.564.721,00 |
1.370.691,00 |
695.611,00 |
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
Liabilities
and Net Worth |
2014 |
2013 |
2012 |
|
A)
NET WORTH: 20000 |
1.113.762,00 |
627.342,00 |
145.212,00 |
|
A1) Shareholders' equity : 21000 |
1.113.762,00 |
627.342,00 |
145.212,00 |
|
I. Capital: 21100 |
3.010,00 |
3.010,00 |
3.010,00 |
|
1.- Registered
capital: 21110 |
3.010,00 |
3.010,00 |
3.010,00 |
|
2.- (Uncalled
capital) : 21120 |
0,00 |
0,00 |
0,00 |
|
II. Share premium: 21200 |
0,00 |
0,00 |
0,00 |
|
III. Reserves: 21300 |
624.332,00 |
142.202,00 |
0,00 |
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
0,00 |
|
V. Profit or loss brought forward:
21500 |
0,00 |
0,00 |
0,00 |
|
VI. Other shareholders'
contributions: 21600 |
0,00 |
0,00 |
0,00 |
|
VII. Result of the period: 21700 |
486.420,00 |
482.130,00 |
142.202,00 |
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
|
IX. Other net worth instruments:
21900 |
0,00 |
0,00 |
0,00 |
|
A-2) Adjustments due to changes in value: 22000 |
0,00 |
0,00 |
0,00 |
|
A-3) Received subsidies, donations and legacies: 23000 |
0,00 |
0,00 |
0,00 |
|
B)
NON-CURRENT LIABILITIES: 31000 |
0,00 |
0,00 |
0,00 |
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
|
II. Long-term creditors : 31200 |
0,00 |
0,00 |
0,00 |
|
1.- Amounts owed to credit institutions:
31220 |
0,00 |
0,00 |
0,00 |
|
2.- Creditors from financial leasing :
31230 |
0,00 |
0,00 |
0,00 |
|
3.- Other long-term creditors :
31290 |
0,00 |
0,00 |
0,00 |
|
III. Long-term debts with Group companies and associates:
31300 |
0,00 |
0,00 |
0,00 |
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
|
C)
CURRENT LIABILITIES : 32000 |
450.959,00 |
743.349,00 |
550.399,00 |
|
I. Liabilities linked to non-current assets held for sale :
32100 |
0,00 |
0,00 |
0,00 |
|
II. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
|
III. Short-term creditors : 32300 |
142.689,00 |
428.307,00 |
375.627,00 |
|
1.- Amounts owed to credit institutions:
32320 |
142.689,00 |
422.067,00 |
300.627,00 |
|
2.- Creditors from financial leasing :
32330 |
0,00 |
6.240,00 |
0,00 |
|
3.- Other short-term creditors :
32390 |
0,00 |
0,00 |
75.000,00 |
|
IV. Short-term debts with Group companies and associates:
32400 |
0,00 |
0,00 |
0,00 |
|
V. Trade creditors and other accounts payable: 32500 |
308.270,00 |
315.042,00 |
174.772,00 |
|
1.- Suppliers: 32580 |
29.635,00 |
29.686,00 |
2.658,00 |
|
a) Long-term debts :
32581 |
0,00 |
0,00 |
0,00 |
|
b) Short-term debts :
32582 |
29.635,00 |
29.686,00 |
2.658,00 |
|
2.- Other creditors : 32590 |
278.635,00 |
285.356,00 |
172.114,00 |
|
VI. Short-term accruals: 32600 |
0,00 |
0,00 |
0,00 |
|
VII. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
|
TOTAL
NET WORTH AND LIABILITIES (A + B + C) : 30000 |
1.564.721,00 |
1.370.691,00 |
695.611,00 |
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
Profit
and Loss |
2014 |
2013 |
2012 |
|
1. Net turnover: 40100 |
3.950.390,00 |
3.432.089,00 |
2.035.652,00 |
|
2. Changes in stocks of finished goods and work in progress:
40200 |
0,00 |
0,00 |
0,00 |
|
3. Works carried out by the company for its assets: 40300 |
0,00 |
0,00 |
0,00 |
|
4. Supplies : 40400 |
-2.310.602,00 |
-1.797.786,00 |
-1.329.623,00 |
|
5. Other operating income: 40500 |
0,00 |
0,00 |
0,00 |
|
6. Personnel costs: 40600 |
-181.862,00 |
-153.510,00 |
-64.528,00 |
|
7. Other operating costs: 40700 |
-822.097,00 |
-843.866,00 |
-449.152,00 |
|
8. Amortisation of fixed assets: 40800 |
-8.885,00 |
-8.885,00 |
-8.885,00 |
|
9. Allocation of subsidies of non-financial fixed assets and
other: 40900 |
0,00 |
0,00 |
0,00 |
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
|
11. Impairment and result of transfers of fixed assets:
41100 |
0,00 |
0,00 |
0,00 |
|
12. Negative difference in combined businesses: 41200 |
0,00 |
0,00 |
0,00 |
|
13. Other results : 41300 |
12.190,00 |
0,00 |
355,00 |
|
A)
OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) :
49100 |
639.135,00 |
628.043,00 |
183.820,00 |
|
14. Financial income : 41400 |
100,00 |
2.941,00 |
46,00 |
|
a) Allocation of financial subsidies,
donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
|
b) Other financial income: 41490 |
100,00 |
2.941,00 |
46,00 |
|
15. Financial expenditure: 41500 |
-6.752,00 |
-16.854,00 |
-7.109,00 |
|
16. Changes in fair value of financial instruments :
41600 |
1.000,00 |
7.371,00 |
0,00 |
|
17. Exchange rate differences : 41700 |
-4.924,00 |
1.339,00 |
997,00 |
|
18. Impairment and result for transfers of financial
instruments: 41800 |
0,00 |
0,00 |
0,00 |
|
19. Other financial income and expenditure: 42100 |
0,00 |
0,00 |
0,00 |
|
a) Incorporation of financial expenditure
to assets: 42110 |
0,00 |
0,00 |
0,00 |
|
b) Financial income from arrangement with
creditors: 42120 |
0,00 |
0,00 |
0,00 |
|
c) Other income and expenditure:
42130 |
0,00 |
0,00 |
0,00 |
|
B)
FINANCIAL REVENUE (14 + 15 + 16 + 17 + 18 + 19) : 49200 |
-10.576,00 |
-5.203,00 |
-6.066,00 |
|
C)
NET RESULT BEFORE TAXES (A + B) : 49300 |
628.560,00 |
622.840,00 |
177.753,00 |
|
20. Income taxes: 41900 |
-142.140,00 |
-140.710,00 |
-35.551,00 |
|
D)
RESULT OF THE PERIOD (C + 20) : 49500 |
486.420,00 |
482.130,00 |
142.202,00 |
|
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 |
|
1.
Fiscal year result before taxes.: 61100 |
628.560,00 |
622.840,00 |
177.753,00 |
|
2.
Results adjustments.: 61200 |
15.537,00 |
22.798,00 |
15.948,00 |
|
a) Fixed Assets Amortization (+).: 61201 |
8.885,00 |
8.885,00 |
8.885,00 |
|
g) Financial income (-).: 61207 |
-100,00 |
-2.941,00 |
-46,00 |
|
h) Financial Expenses (+). : 61208 |
6.752,00 |
16.854,00 |
7.109,00 |
|
3.
Changes in current capital equity.: 61300 |
-288.915,00 |
-476.518,00 |
-435.107,00 |
|
a) Stock (+/-).: 61301 |
-159.560,00 |
-314.941,00 |
-281.117,00 |
|
d) Debtors and other accounts receivable (+/-). : 61302 |
19.558,00 |
-161.137,00 |
-293.212,00 |
|
d) Creditors and other accounts payable (+/-). : 61304 |
-148.912,00 |
-440,00 |
139.221,00 |
|
4.
Other cash flows for operating activities.: 61400 |
-6.652,00 |
-13.913,00 |
-7.063,00 |
|
a) Interest payments (-). : 61401 |
-6.752,00 |
-16.854,00 |
-7.109,00 |
|
c) Interest collection (+). : 61403 |
100,00 |
2.941,00 |
46,00 |
|
5.
Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
348.530,00 |
155.206,00 |
-248.469,00 |
|
6.
Payments for investment (-).: 62100 |
0,00 |
0,00 |
-40.039,00 |
|
c) Fixed assets. : 62103 |
0,00 |
0,00 |
-35.539,00 |
|
e) Other financial assets. : 62105 |
0,00 |
0,00 |
-4.500,00 |
|
7.
Divestment payment collection (+). : 62200 |
8.885,00 |
8.885,00 |
0,00 |
|
c) Fixed assets. : 62203 |
8.885,00 |
8.885,00 |
0,00 |
|
8.
Investment activity cash flows (6 + 7) minus Amortization: 62300 |
0,00 |
0,00 |
-48.923,00 |
|
9.
Payment collection and payments for equity instruments. : 63100 |
0,00 |
0,00 |
3.010,00 |
|
a) Issuance of equity instruments (+). : 63101 |
0,00 |
0,00 |
3.010,00 |
|
10.
Payment collection and payments for financial liabilities instruments.:
63200 |
-285.617,00 |
52.679,00 |
375.627,00 |
|
a) Issuance : 63201 |
0,00 |
127.679,00 |
375.627,00 |
|
2. Debts incurred with credit institutions (+). : 63203 |
0,00 |
121.439,00 |
300.627,00 |
|
4. Special characteristic debts (+). : 63205 |
0,00 |
6.240,00 |
0,00 |
|
5. Other debts (+). : 63206 |
0,00 |
0,00 |
75.000,00 |
|
b) Repayment and amortization of : 63207 |
-285.617,00 |
-75.000,00 |
0,00 |
|
2. Debts incurred with credit institutions (-).: 63209 |
-279.377,00 |
0,00 |
0,00 |
|
4. Special characteristic debts (-). : 63211 |
-6.240,00 |
0,00 |
0,00 |
|
5. Other debts (-). : 63212 |
0,00 |
-75.000,00 |
0,00 |
|
11.
Payments from dividends and remunerations from other assets instruments. :
63300 |
0,00 |
0,00 |
0,00 |
|
12.
Cash flows for financing activities (9+10+11).: 63400 |
-285.617,00 |
52.679,00 |
378.637,00 |
|
D)
EFFECT OF EXCHANGE RATE CHANGES: 64000 |
0,00 |
0,00 |
0,00 |
|
E)
NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS (+/-5+/-8+/12+/-D) :
65000 |
62.912,00 |
207.886,00 |
81.245,00 |
|
Cash or equivalent assets as of beginning of the fiscal year.:
65100 |
289.130,00 |
81.245,00 |
0,00 |
|
Cash or equivalent assets as of end of the fiscal year.:
65200 |
352.043,00 |
289.130,00 |
81.245,00 |
|
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 % |
-2,92 % |
0,06 % |
0,18 % |
-73,71 % |
-1.712,15 % |
|
EBITDA
over Sales: |
16,10 % |
7,10 % |
18,56 % |
-1,45 % |
-13,27 % |
589,05 % |
|
Cash
Flow Yield: |
0,04 % |
-1,00 % |
0,15 % |
0,04 % |
-73,49 % |
-2.641,27 % |
|
Profitability |
2014 |
2013 |
Variación 2014 - 2013 |
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
Operating
economic profitability: |
40,18 % |
1,95 % |
45,97 % |
-12,10 % |
-12,59 % |
116,15 % |
|
Total
economic profitability: |
40,60 % |
1,55 % |
46,67 % |
-3,40 % |
-13,00 % |
145,68 % |
|
Financial
profitability: |
43,67 % |
0,25 % |
76,85 % |
-11,81 % |
-43,17 % |
102,09 % |
|
Margin:
|
15,87 % |
2,93 % |
18,30 % |
-24,48 % |
-13,27 % |
111,97 % |
|
Mark-up:
|
15,60 % |
0,89 % |
18,15 % |
-22,21 % |
-14,02 % |
104,02 % |
|
Solvency |
2014 |
2013 |
Variación 2014 - 2013 |
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
Liquidity:
|
0,78 |
0,22 |
0,39 |
0,16 |
100,70 |
33,20 |
|
Acid
Test: |
1,74 |
0,98 |
1,00 |
1,21 |
74,45 |
-18,70 |
|
Working
Capital / Investment: |
0,70 |
0,11 |
0,43 |
0,09 |
60,38 |
33,27 |
|
Solvency:
|
3,42 |
1,57 |
1,80 |
1,70 |
89,81 |
-8,09 |
|
Indebtedness |
2014 |
2013 |
Variación 2014 - 2013 |
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
Indebtedness
level: |
0,40 |
0,92 |
1,18 |
1,05 |
-65,83 |
-12,51 |
|
Borrowing
Composition: |
0,00 |
1,04 |
0,00 |
0,98 |
|
5,99 |
|
Repayment
Ability: |
7,17 |
-0,48 |
3,58 |
12,09 |
100,46 |
-103,96 |
|
Warranty:
|
3,47 |
2,10 |
1,84 |
2,11 |
88,17 |
-0,69 |
|
Generated
resources / Total creditors: |
1,10 |
0,05 |
0,66 |
-0,06 |
66,28 |
175,13 |
|
Efficiency |
2014 |
2013 |
Variación 2014 - 2013 |
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
Productivity:
|
4,50 |
1,34 |
5,15 |
0,95 |
-12,68 |
41,68 |
|
Turnover
of Collection Rights : |
9,09 |
4,15 |
7,55 |
2,94 |
20,28 |
40,90 |
|
Turnover
of Payment Entitlements: |
10,16 |
2,89 |
8,39 |
2,35 |
21,19 |
23,02 |
|
Stock
rotation: |
4,40 |
3,03 |
4,70 |
2,47 |
-6,50 |
22,61 |
|
Assets
turnover: |
2,53 |
0,67 |
2,51 |
0,49 |
0,79 |
34,93 |
|
Borrowing
Cost: |
1,50 |
2,47 |
2,27 |
3,33 |
-33,96 |
-25,78 |
>
Trend of indicators under the General Accounting Plan of 2007 (2014, 2013,
2012)
|
Cash
Flow |
2014 |
2013 |
2012 |
|
Cash
Flow over Sales: |
0,02 % |
0,06 % |
0,04 % |
|
EBITDA
over Sales: |
16,10 % |
18,56 % |
9,45 % |
|
Cash
Flow Yield: |
0,04 % |
0,15 % |
0,12 % |
|
Profitability |
2014 |
2013 |
2012 |
|
Operating
economic profitability: |
40,18 % |
45,97 % |
26,55 % |
|
Total
economic profitability: |
40,60 % |
46,67 % |
26,58 % |
|
Financial
profitability: |
43,67 % |
76,85 % |
97,93 % |
|
Margin:
|
15,87 % |
18,30 % |
9,01 % |
|
Mark-up:
|
15,60 % |
18,15 % |
8,71 % |
|
Solvency |
2014 |
2013 |
2012 |
|
Liquidity:
|
0,78 |
0,39 |
0,15 |
|
Acid
Test: |
1,74 |
1,00 |
0,68 |
|
Working
Capital / Investment: |
0,70 |
0,43 |
0,15 |
|
Solvency:
|
3,42 |
1,80 |
1,19 |
|
Indebtedness |
2014 |
2013 |
2012 |
|
Indebtedness
level: |
0,40 |
1,18 |
3,79 |
|
Borrowing
Composition: |
0,00 |
0,00 |
0,00 |
|
Repayment
Ability: |
7,17 |
3,58 |
6,77 |
|
Warranty:
|
3,47 |
1,84 |
1,26 |
|
Generated
resources / Total creditors: |
1,10 |
0,66 |
0,27 |
|
Efficiency |
2014 |
2013 |
2012 |
|
Productivity:
|
4,50 |
5,15 |
3,98 |
|
Turnover
of Collection Rights : |
9,09 |
7,55 |
6,94 |
|
Turnover
of Payment Entitlements: |
10,16 |
8,39 |
10,18 |
|
Stock
rotation: |
4,40 |
4,70 |
6,59 |
|
Assets
turnover: |
2,53 |
2,51 |
2,95 |
|
Borrowing
Cost: |
1,50 |
2,27 |
1,29 |
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 |
|
PUBLIC TENDERS AND WORKS WON |
|
|
|
|
No Public Tenders assigned to the
name of the company.
|
Research Summary |
|
This company was incorporated in 2012 and it''s engaged in the
manufacture of leather goods. Its turnover increased 15,10 % in 2014 vs the
previous year. It meets payment commitments on a normal basis. |
|
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.64.97 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ASH |
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.