MIRA INFORM REPORT
|
Report No. : |
345710 |
|
Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUZLON WIND ENERGY ESPAÑA SL |
|
|
|
|
Registered Office : |
C/ Rosario Pino, 14 -16 Planta 5. - Madrid - 28020 - Madrid |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
28.03.2007 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject is engaged in engineering activities and related technical
consultancy |
|
|
|
|
No. of Employee : |
Not Available |
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 |
|
|
|
|
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: |
SUZLON WIND ENERGY ESPAÑA SL |
|
NIF
/ Fiscal code: |
B85064749 |
|
Status: |
ACTIVE |
|
Incorporation
Date: |
28/03/2007 |
|
Register Data |
Register
Section 8 Sheet 436169 |
|
Last Publication in BORME: |
10/08/2015
[Appointments] |
|
Last
Published Account Deposit: |
2014 |
|
Share
Capital: |
3.100 |
|
|
|
|
Localization: |
C/
ROSARIO PINO, 14 -16 PLANTA 5. - MADRID - 28020 - MADRID |
|
Telephone
- Fax - Email - Website: |
Telephone.
915 794 727 Email. info@suzlon.es Website. www.suzlon.com |
|
Number
of Branches |
1 |
|
|
|
|
Activity: |
|
|
NACE: |
7112
- Engineering activities and related technical consultancy |
|
Registered
Trademarks: |
|
|
Audited
/ Opinion: |
Si
/ |
|
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) |
1 |
0 |
--- |
|
Proceedings
heard by the Civil Court |
Unpublished |
0 |
--- |
|
Proceedings
heard by the Labour Court |
Unpublished |
0 |
--- |
|
|
|
Partners: |
|
|
|
SUZLON
WIND ENERGY AS (DINAMARCA) |
100
% |
|
|
Shares: |
1 |
|
|
Other
Links: |
10 |
|
|
No.
of Active Corporate Bodies: |
CHIEF
EXECUTIVE OFFICER 1 |
|
|
Ratios |
2014 |
2013 |
Change |
|
|
|
|
|
Guarantees: |
|
|
Properties
Registered: |
Company
NO, Administrator NO |
|
Financing
/ Guarantee Sources : |
Sources
YES, Guarantees YES |
|
|
|
|
INVESTIGATION
SUMMARY |
|
|
This
company was incorporated in 2007, engaged in wind turbine manufacture and wind
power installings. Its turnover increased 42,32% in 2014 vs previous year. It
presents a negative working capital, therefore it would not be able to meet
short term payment commitments. |
|
|
Enquiry
Details
|
|
|
Business address regime: |
Alquiler |
|
Identification
|
|
|
Social Denomination: |
SUZLON WIND ENERGY ESPAÑA
SL |
|
NIF / Fiscal code: |
B85064749 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
2007 |
|
Registered Office: |
C/ ROSARIO PINO, 14 -16
PLANTA 5. |
|
Locality: |
MADRID |
|
Province: |
MADRID |
|
Postal Code: |
28020 |
|
Telephone: |
915 794 727 |
|
Fax: |
915 794 766 |
|
Website: |
www.suzlon.com |
|
Email: |
info@suzlon.es |
|
Branch
Offices
|
|
|
|
|
|
Address |
Postal Code |
City |
Province |
|
PASEO CASTELLANA 155 2 A |
28046 |
MADRID |
MADRID |
|
Activity
|
|
|
NACE: |
7112 |
|
Legal Form: |
ANY ACTIVITY BELONGING TO
THE POWER FIELD, ESPECIALLY RENEWABLE. |
|
Additional Information: |
It''''''''s engaged in wind
turbine manufacture and wind power installings. . Part of the group SUZLON. |
|
Additional Address: |
Registered office and
offices C/ ROSARIO PINO, 14 -16 PLANTA 5. 28020 MADRID |
|
Import / export: |
EXPORTS |
|
Future Perspective: |
Consolidation |
|
Industry situation: |
Maturity |
|
Chronological
Summary
|
|
|
|
|
|
Year |
Act |
|
2007 |
Appointments/ Re-elections (3) Change of Social address (1) Company
Formation (1) Declaration of Sole Propietorship (1) |
|
2008 |
Accounts deposit (year 2007, 2008) Appointments/ Re-elections (2)
Cessations/ Resignations/ Reversals (1) |
|
2009 |
Cessations/ Resignations/ Reversals (1) |
|
2010 |
Accounts deposit (year 2009) Appointments/ Re-elections (1) Cessations/
Resignations/ Reversals (1) Change of Social address (1) |
|
2011 |
Accounts deposit (year 2010) Appointments/ Re-elections (3)
Cessations/ Resignations/ Reversals (2) |
|
2012 |
Accounts deposit (year 2011) Appointments/ Re-elections (1) |
|
2015 |
Accounts deposit (year 2012, 2013, 2014) Appointments/ Re-elections
(3) Cessations/ Resignations/ Reversals (2) |
|
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 |
|
05/06/2007 |
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 PARTNER |
SUZLON WIND ENERGY A-S |
05/06/2007 |
1 |
|
PRESIDENT |
JAN VISSCHER FRANS HILBERT |
11/04/2011 |
2 |
|
MEMBER OF THE BOARD |
MODI ROHIT |
03/08/2015 |
1 |
|
|
JAN VISSCHER FRANS HILBERT |
11/04/2011 |
2 |
|
|
GARCIA MINA CABREDO FELIPE |
20/07/2007 |
5 |
|
PROXY |
GARCIA MINA CABREDO FELIPE |
05/06/2007 |
5 |
|
CHIEF EXECUTIVE OFFICER |
GARCIA MINA CABREDO FELIPE |
26/09/2007 |
5 |
|
SECRETARY |
GARCIA MINA CABREDO FELIPE |
20/07/2007 |
5 |
|
ACCOUNTS' AUDITOR / HOLDER |
PRICEWATERHOUSECOOPERS AUDITORES SL |
06/02/2015 |
1 |
|
Historical
Social Bodies
|
|
|
|
|
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
ANDERSEN CLAUS |
MEMBER OF THE BOARD |
04/02/2010 |
1 |
|
ANDERSEN FRIIS RASMUS BOLCKO |
MEMBER OF THE BOARD |
27/11/2008 |
1 |
|
CHAU SIMON |
MEMBER OF THE BOARD |
11/02/2015 |
1 |
|
ERNST & YOUNG SL |
ACCOUNTS' AUDITOR / HOLDER |
12/12/2011 |
3 |
|
|
ACCOUNTS' AUDITOR / HOLDER |
23/08/2012 |
|
|
|
ACCOUNTS' AUDITOR / HOLDER |
06/02/2015 |
|
|
GARCIA MINA CABREDO FELIPE |
NON CONSELLOR SECRETARY |
20/07/2007 |
5 |
|
HORNUNG PEDERSEN PER TORBEN |
MEMBER OF THE BOARD |
27/11/2008 |
2 |
|
|
PRESIDENT |
27/11/2008 |
|
|
MEY STEPHAN KARL |
MEMBER OF THE BOARD |
11/04/2011 |
2 |
|
|
PRESIDENT |
11/04/2011 |
|
|
SORENSEN BRIAN |
MEMBER OF THE BOARD |
21/09/2009 |
1 |
|
STENAGER JESPER NYBO |
MEMBER OF THE BOARD |
03/08/2015 |
1 |
|
WINTHER PEDERSEN ERIK |
MEMBER OF THE BOARD |
07/04/2011 |
2 |
|
|
PRESIDENT |
07/04/2011 |
|
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 |
|
1 |
--- |
02/03/2012 |
02/03/2012 |
|
Notices
of defaults and enforcement |
|
1 |
--- |
|
--- |
|
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 irregular payment performance has been detected based on information obtained from credit bureaus. 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. 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. Debts assumed by the company based on the volume of its own resources have decreased in the previous financial year. 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. |
SUZLON WIND ENERGY ESPAÑA SL it presents an excessive indebtedness that may compromise their balance sheet. The current debt represents a 92.29% of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation. The company denotes a special dependence short-term financing which, a priori, could cause problems of short-term solvency. SUZLON WIND ENERGY ESPAÑA SL presents a low turnover of the current assets , which could indicate an inefficient use of non-current assets due to the lacking of enough operating income capacity based on the dedicated assets available for sale. 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. |
The company has recently resolved issues. For this reason its rating has been revised, although it is still being monitored regularly to ensure that this new situation continues.
Probability of default
|
> Estimated Probability of Default for the next 12 months: 5.395 %
|
Sector
in which comparison is carried out: 711 Architectural
and engineering activities and related technical consultancy |
|
|
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 5.395%.
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 |
|
|
|
|
No se han publicado |
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||
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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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1 Incidence for a total cost of 0,00 E |
|
|
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||
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No se han publicado |
|
|
|
|
No se han publicado |
|
|
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||
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|
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No
se han publicado |
|
|
Incidences Detailed |
|
Incidences with the Local Administration |
|
|
|
Last Published Stage: |
EXECUTION NOTIFICATION |
|
Record Number: |
12058016927 |
|
Amount of the incidence: |
0,00 E |
|
Requested by: |
ADMINISTRACION LOCAL |
|
Published domicile: |
(DESCONOCIDA) |
|
Source: |
BOLETIN OFICIAL DEL AYUNTAMIENTO DE MADRID
Nº6638, 2012 PAGINA 41 |
|
Link
List
|
|
|
|
|
|
IS RELATED WITH: |
10 Entities |
|
PARTICIPATES IN: |
1 Entities |
|
SHAREHOLDERS: |
1 Entities |
> Shareholders
|
Relationship |
Entity |
Province |
Shareholding stake |
|
SHAREHOLDERS |
SUZLON WIND ENERGY AS
(DINAMARCA) |
|
100 |
|
PARTICIPATES IN |
PARQUE EOLICO EL ALMENDRO
SL |
SEVILLA |
100 |
> Other relationships
|
Relationship |
Entity |
Province |
Shareholding stake |
|
IS RELATED WITH |
| | |
|
|
|
|
SE BLADES, S.A. |
|
|
|
|
SUZLON ELECTRICALS INTERNATIONAL, S.A. |
|
|
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|
SUZLON GENERATORS, S.A. |
|
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|
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SUZLON WIND ENERJI SANAYI VE TICARET, SOCIEDAD ANONIMA, SIRKETI |
|
|
|
|
SUZLON WIND INTERNATIONAL, S.A. |
|
|
|
|
AE ROTOR HOLDING BV |
|
|
|
|
SE SHIPPING LINES PTE, S.A. |
|
|
|
|
SUZLON WIND ENERGY NICARAGUA |
|
|
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SUZLON WIND ENERGY ROMANIA, S.L. |
|
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SUZLON WIND ENERGY URUGUAY |
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Turnover
|
|
|
Total Sales 2014 |
30.900.000 |
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 |
February
2015 |
|
2013 |
Normales |
February
2015 |
|
2012 |
Normales |
February
2015 |
|
2011 |
Normales |
August
2012 |
|
2010 |
Normales |
September
2011 |
|
2009 |
Normales |
October
2010 |
|
2008 |
Normales |
December
2008 |
|
2007 |
Normales |
December
2008 |
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 31/03/2014
> 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.
Where the provisions of the Act did not establish relevant equivalence
criteria. To view details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
A)
NON-CURRENT ASSETS: 11000 |
206.000,00 |
347.000,00 |
1.903.000,00 |
2.165.000,00 |
2.197.000,00 |
|
|
I. Intangible fixed assets : 11100 |
7.000,00 |
9.000,00 |
16.000,00 |
17.000,00 |
19.000,00 |
|
|
1. Development: 11110 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Concessions: 11120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Patents, licencing, trade marks and
similar: 11130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Goodwill: 11140 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. IT applications: 11150 |
7.000,00 |
9.000,00 |
16.000,00 |
17.000,00 |
19.000,00 |
|
|
6. Investigation: 11160 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
7. Intellectual property: 11180 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
8. Greenhouse gas emission allowance:
11190 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
9. Other intangible fixed assets. :
11170 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
111.000,00 |
250.000,00 |
628.000,00 |
1.069.000,00 |
1.319.000,00 |
|
|
1. Land and buildings: 11210 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Technical installations and other
tangible fixed assets: 11220 |
111.000,00 |
250.000,00 |
628.000,00 |
1.069.000,00 |
1.319.000,00 |
|
|
3. Tangible asset in progress and advances:
11230 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Real estate investment: 11300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Land: 11310 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Buildings: 11320 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Long-term investments in Group companies and associates :
11400 |
0,00 |
0,00 |
1.153.000,00 |
1.003.000,00 |
771.000,00 |
|
|
1. Equity instruments: 11410 |
0,00 |
0,00 |
3.000,00 |
3.000,00 |
3.000,00 |
|
|
2. Credits to businesses: 11420 |
0,00 |
0,00 |
1.150.000,00 |
1.000.000,00 |
768.000,00 |
|
|
3. Debt securities: 11430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Derivatives : 11440 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Other financial assets : 11450 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Other investments: 11460 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term financial investments: 11500 |
75.000,00 |
75.000,00 |
100.000,00 |
60.000,00 |
72.000,00 |
|
|
1. Equity instruments: 11510 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Credits to third parties : 11520 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Debt securities: 11530 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Derivatives : 11540 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Other financial assets : 11550 |
75.000,00 |
75.000,00 |
100.000,00 |
60.000,00 |
72.000,00 |
|
|
6. Other investments: 11560 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Assets for deferred tax : 11600 |
13.000,00 |
13.000,00 |
6.000,00 |
16.000,00 |
16.000,00 |
|
|
VII. Non-current trade debts : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
CURRENT ASSETS: 12000 |
93.010.000,00 |
93.708.000,00 |
94.803.000,00 |
106.826.000,00 |
91.708.000,00 |
|
|
I. Non-current assets held for sale : 12100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Stocks: 12200 |
596.000,00 |
15.047.000,00 |
26.417.000,00 |
39.510.000,00 |
33.148.000,00 |
|
|
1. Commercial: 12210 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Primary material and other supplies:
12220 |
596.000,00 |
8.438.000,00 |
10.070.000,00 |
10.111.000,00 |
11.573.000,00 |
|
|
3. Work in progress: 12230 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Of long-term
production cycle : 12231 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Of short-term
production cycle : 12232 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Finished goods: 12240 |
0,00 |
6.609.000,00 |
16.347.000,00 |
29.399.000,00 |
20.278.000,00 |
|
|
a) Of long-term
production cycle : 12241 |
0,00 |
6.609.000,00 |
16.347.000,00 |
0,00 |
0,00 |
|
|
b) Of short-term
production cycle : 12242 |
0,00 |
0,00 |
0,00 |
0,00 |
20.278.000,00 |
|
|
5. By-products, residues and recycled
materials: 12250 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Advances to suppliers: 12260 |
0,00 |
0,00 |
0,00 |
0,00 |
1.297.000,00 |
|
|
III. Trade debtors and others receivable accounts: 12300 |
91.970.000,00 |
78.497.000,00 |
68.253.000,00 |
66.282.000,00 |
53.066.000,00 |
|
|
1. Trade debtors / accounts receivable:
12310 |
277.000,00 |
538.000,00 |
3.414.000,00 |
3.061.000,00 |
2.465.000,00 |
|
|
a) Long-term
receivables from sales and services supplied : 12311 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Customers for
sales and provisions of services : 12312 |
277.000,00 |
538.000,00 |
3.414.000,00 |
0,00 |
2.465.000,00 |
|
|
2. Customers, Group companies and
associates : 12320 |
91.677.000,00 |
77.640.000,00 |
64.639.000,00 |
61.627.000,00 |
48.350.000,00 |
|
|
3. Other accounts receivable: 12330 |
0,00 |
18.000,00 |
0,00 |
1.000,00 |
0,00 |
|
|
4. Personnel: 12340 |
3.000,00 |
9.000,00 |
12.000,00 |
14.000,00 |
10.000,00 |
|
|
5. Assets for deferred tax: 12350 |
11.000,00 |
8.000,00 |
21.000,00 |
337.000,00 |
0,00 |
|
|
6. Other debtors, including tax and social
security: 12360 |
2.000,00 |
284.000,00 |
167.000,00 |
1.242.000,00 |
2.241.000,00 |
|
|
7. Called up share capital: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term investments in Group companies and associates:
12400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Equity instruments: 12410 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Credits to businesses: 12420 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Debt securities: 12430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Derivatives : 12440 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Other financial assets : 12450 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Other investments: 12460 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Short-term financial investments : 12500 |
0,00 |
0,00 |
0,00 |
117.000,00 |
60.000,00 |
|
|
1. Equity instruments: 12510 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Credits to businesses: 12520 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Debt securities: 12530 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Derivatives : 12540 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Other financial assets : 12550 |
0,00 |
0,00 |
0,00 |
117.000,00 |
60.000,00 |
|
|
6. Other investments: 12560 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Short-term accruals: 12600 |
7.000,00 |
18.000,00 |
26.000,00 |
24.000,00 |
167.000,00 |
|
|
VII. Cash and other equivalent liquid assets : 12700 |
437.000,00 |
146.000,00 |
107.000,00 |
893.000,00 |
5.267.000,00 |
|
|
1. Treasury: 12710 |
437.000,00 |
146.000,00 |
107.000,00 |
893.000,00 |
5.267.000,00 |
|
|
2. Other equivalent liquid assets:
12720 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL
ASSETS (A + B) : 10000 |
93.216.000,00 |
94.055.000,00 |
96.706.000,00 |
108.991.000,00 |
93.905.000,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities
and Net Worth |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
A)
NET WORTH: 20000 |
4.976.000,00 |
3.408.000,00 |
6.238.000,00 |
-3.245.000,00 |
-2.074.000,00 |
|
|
A-1) Shareholders' equity: 21000 |
4.976.000,00 |
3.408.000,00 |
6.238.000,00 |
-3.245.000,00 |
-2.074.000,00 |
|
|
I. Capital: 21100 |
3.000,00 |
3.000,00 |
3.000,00 |
3.000,00 |
3.000,00 |
|
|
1. Registered capital : 21110 |
3.000,00 |
3.000,00 |
3.000,00 |
3.000,00 |
3.000,00 |
|
|
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 |
10.568.000,00 |
10.568.000,00 |
10.568.000,00 |
160.000,00 |
160.000,00 |
|
|
1. Legal and statutory: 21310 |
11.000,00 |
11.000,00 |
11.000,00 |
11.000,00 |
11.000,00 |
|
|
2. Other reserves: 21320 |
10.557.000,00 |
10.557.000,00 |
10.557.000,00 |
149.000,00 |
149.000,00 |
|
|
3. Revaluation reserves: 21330 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Results from previous periods: 21500 |
-7.163.000,00 |
-4.333.000,00 |
-3.408.000,00 |
-2.237.000,00 |
0,00 |
|
|
1. Brought forward: 21510 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. (Negative results from previous
periods): 21520 |
-7.163.000,00 |
-4.333.000,00 |
-3.408.000,00 |
-2.237.000,00 |
0,00 |
|
|
VI. Other shareholders' contributions: 21600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period: 21700 |
1.568.000,00 |
-2.830.000,00 |
-925.000,00 |
-1.171.000,00 |
-2.237.000,00 |
|
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IX. Other net worth instruments: 21900 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-2) Adjustments due to changes in value: 22000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
I. Financial assets held for sale: 22100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Hedge operations: 22200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Linked non-current assets and liabilities held for sale :
22300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Exchange rate difference: 22400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Other: 22500 |
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 |
2.212.000,00 |
2.540.000,00 |
49.000,00 |
10.188.000,00 |
10.778.000,00 |
|
|
I. Long-term provisions: 31100 |
2.212.000,00 |
2.540.000,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Long-term employee benefits liability:
31110 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Environmental actions: 31120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Restructuring provisions: 31130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Other provisions: 31140 |
2.212.000,00 |
2.540.000,00 |
0,00 |
0,00 |
0,00 |
|
|
II Long-term creditors: 31200 |
0,00 |
0,00 |
0,00 |
0,00 |
125.000,00 |
|
|
1. Liabilities and other securities:
31210 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Amounts owed to credit institutions:
31220 |
0,00 |
0,00 |
0,00 |
0,00 |
125.000,00 |
|
|
3. Creditors from financial leasing:
31230 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Derivatives : 31240 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Other financial liabilities :
31250 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Long-term debts with Group companies and associates:
31300 |
0,00 |
0,00 |
49.000,00 |
10.188.000,00 |
10.000.000,00 |
|
|
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 |
653.000,00 |
|
|
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 |
86.028.000,00 |
88.107.000,00 |
90.419.000,00 |
102.048.000,00 |
85.201.000,00 |
|
|
I. Liabilities linked to non-current assets held for sale:
32100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Provisions from greenhouse gas emission
allowance: 32210 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Other provisions: 32220 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Short-term creditors : 32300 |
6.000,00 |
3.000,00 |
6.000,00 |
5.000,00 |
13.536.000,00 |
|
|
1. Liabilities and other securities:
32310 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Amounts owed to credit institutions:
32320 |
6.000,00 |
3.000,00 |
6.000,00 |
5.000,00 |
13.536.000,00 |
|
|
3. Creditors from financial leasing:
32330 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Derivatives : 32340 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Other financial liabilities :
32350 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term debts with Group companies and associates:
32400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Trade creditors and other accounts payable: 32500 |
86.022.000,00 |
88.104.000,00 |
90.413.000,00 |
101.391.000,00 |
70.735.000,00 |
|
|
1. Suppliers: 32510 |
1.411.000,00 |
3.573.000,00 |
3.394.000,00 |
18.167.000,00 |
4.166.000,00 |
|
|
a) Long-term debts :
32511 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Short-term debts :
32512 |
1.411.000,00 |
3.573.000,00 |
3.394.000,00 |
0,00 |
4.166.000,00 |
|
|
2. Suppliers, Group companies and
associates: 32520 |
81.485.000,00 |
81.845.000,00 |
84.837.000,00 |
82.874.000,00 |
65.969.000,00 |
|
|
3. Other creditors: 32530 |
190.000,00 |
584.000,00 |
256.000,00 |
216.000,00 |
462.000,00 |
|
|
4. Personnel (remuneration due):
32540 |
0,00 |
0,00 |
25.000,00 |
0,00 |
0,00 |
|
|
5. Liabilities for current tax:
32550 |
326.000,00 |
0,00 |
0,00 |
56.000,00 |
56.000,00 |
|
|
6. Other accounts payable to Public
Administrations.: 32560 |
2.610.000,00 |
85.000,00 |
78.000,00 |
78.000,00 |
82.000,00 |
|
|
7. Advances from clients: 32570 |
0,00 |
2.017.000,00 |
1.823.000,00 |
0,00 |
0,00 |
|
|
VI. Short-term accruals: 32600 |
0,00 |
0,00 |
0,00 |
652.000,00 |
930.000,00 |
|
|
VII. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL
NET WORTH AND LIABILITIES (A + B + C) : 30000 |
93.216.000,00 |
94.055.000,00 |
96.706.000,00 |
108.991.000,00 |
93.905.000,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit
and Loss |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
1.
Net turnover: 40100 |
30.442.000,00 |
21.390.000,00 |
6.427.000,00 |
12.775.000,00 |
25.785.000,00 |
|
|
a) Sales: 40110 |
23.881.000,00 |
15.024.000,00 |
3.342.000,00 |
10.009.000,00 |
24.660.000,00 |
|
|
b) Rendering of services: 40120 |
6.561.000,00 |
6.366.000,00 |
3.085.000,00 |
2.766.000,00 |
1.125.000,00 |
|
|
c) Income of financial nature of holding companies: 40130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2.
Changes in stocks of finished goods and work in progress: 40200 |
-6.609.000,00 |
35.000,00 |
-13.052.000,00 |
9.121.000,00 |
-5.866.000,00 |
|
|
3.
Works carried out by the company for its assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4.
Supplies : 40400 |
-18.443.000,00 |
-14.674.000,00 |
11.002.000,00 |
-18.736.000,00 |
-15.008.000,00 |
|
|
a) Stock consumption: 40410 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Consumption of raw materials and miscellaneous consumable
ones: 40420 |
-18.443.000,00 |
-4.901.000,00 |
11.002.000,00 |
-18.736.000,00 |
-15.008.000,00 |
|
|
c) Works carried out by other companies: 40430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
d) Impairment of stock, primary material and other supplies:
40440 |
0,00 |
-9.773.000,00 |
0,00 |
0,00 |
0,00 |
|
|
5.
Other operating income: 40500 |
573.000,00 |
543.000,00 |
39.000,00 |
27.000,00 |
5.000,00 |
|
|
a) Auxiliary income and other from current management:
40510 |
573.000,00 |
543.000,00 |
39.000,00 |
27.000,00 |
5.000,00 |
|
|
b) Operation subsidies included in the Period's
result: 40520 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6.
Personnel costs: 40600 |
-2.609.000,00 |
-2.554.000,00 |
-2.163.000,00 |
-1.893.000,00 |
-2.508.000,00 |
|
|
a) Wages, salaries et al.: 40610 |
-2.083.000,00 |
-2.003.000,00 |
-1.713.000,00 |
-1.514.000,00 |
-1.928.000,00 |
|
|
b) Social security costs: 40620 |
-526.000,00 |
-551.000,00 |
-450.000,00 |
-379.000,00 |
-580.000,00 |
|
|
c) Provisions : 40630 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
7.
Other operating costs: 40700 |
-1.337.000,00 |
-3.011.000,00 |
-1.623.000,00 |
-1.359.000,00 |
-4.621.000,00 |
|
|
a) External services: 40710 |
-1.323.000,00 |
-3.009.000,00 |
-1.613.000,00 |
-1.357.000,00 |
-4.448.000,00 |
|
|
b) Taxes: 40720 |
-9.000,00 |
-2.000,00 |
-4.000,00 |
-1.000,00 |
-2.000,00 |
|
|
c) Losses, impairments and variation in provisions from trade
operations : 40730 |
0,00 |
0,00 |
0,00 |
0,00 |
-167.000,00 |
|
|
d) Other current management expenditure : 40740 |
-5.000,00 |
0,00 |
-6.000,00 |
-1.000,00 |
-4.000,00 |
|
|
e) Expenses due to greenhouse gas emissions: 40750 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
8.
Amortisation of fixed assets: 40800 |
-231.000,00 |
-270.000,00 |
-313.000,00 |
-296.000,00 |
-292.000,00 |
|
|
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 |
16.000,00 |
-116.000,00 |
-108.000,00 |
3.000,00 |
-53.000,00 |
|
|
a) Impairment and losses : 41110 |
10.000,00 |
-112.000,00 |
-36.000,00 |
0,00 |
-41.000,00 |
|
|
b) Results for transfers and other : 41120 |
6.000,00 |
-4.000,00 |
-72.000,00 |
3.000,00 |
-12.000,00 |
|
|
c) Impairment and profit due to disposals of assets of holding
companies: 41130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12.
Negative difference in combined businesses: 41200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
13.
Other results : 41300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.1)
OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) :
49100 |
1.802.000,00 |
1.343.000,00 |
209.000,00 |
-358.000,00 |
-2.558.000,00 |
|
|
14.
Financial income : 41400 |
90.000,00 |
68.000,00 |
57.000,00 |
51.000,00 |
905.000,00 |
|
|
a) Of shares in equity instruments : 41410 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a 1) In Group companies and associates:
41411 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a 2) In third parties: 41412 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) From negotiable securities and other financial instruments :
41420 |
90.000,00 |
68.000,00 |
57.000,00 |
51.000,00 |
905.000,00 |
|
|
b 1) From Group companies and associates :
41421 |
27.000,00 |
31.000,00 |
42.000,00 |
32.000,00 |
890.000,00 |
|
|
b 2) From third parties : 41422 |
63.000,00 |
37.000,00 |
15.000,00 |
19.000,00 |
15.000,00 |
|
|
c) Allocation of financial subsidies, donations and legacies :
41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
15.
Financial expenditure: 41500 |
-222.000,00 |
-865.000,00 |
-1.130.000,00 |
-990.000,00 |
-541.000,00 |
|
|
a) Amounts owed to Group companies and associates : 41510 |
-220.000,00 |
-516.000,00 |
-1.121.000,00 |
-748.000,00 |
-18.000,00 |
|
|
b) For debts with third parties : 41520 |
-2.000,00 |
-349.000,00 |
-9.000,00 |
-242.000,00 |
-523.000,00 |
|
|
c) Stock renewal : 41530 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
16.
Changes in fair value of financial instruments : 41600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Trading book and other : 41610 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Allocation of financial assets held for sale to the result
for the period: 41620 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
17.
Exchange rate differences : 41700 |
195.000,00 |
-38.000,00 |
-51.000,00 |
126.000,00 |
0,00 |
|
|
18.
Impairment and result for transfers of financial instruments: 41800 |
0,00 |
-1.153.000,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Impairment and losses : 41810 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Results for transfers and other : 41820 |
0,00 |
-1.153.000,00 |
0,00 |
0,00 |
0,00 |
|
|
19.
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 |
|
|
A.2)
FINANCIAL REVENUE (14+15+16+17+18+19) : 49200 |
63.000,00 |
-1.988.000,00 |
-1.124.000,00 |
-813.000,00 |
364.000,00 |
|
|
A.3)
NET RESULT BEFORE TAXES (A.1+A.2) : 49300 |
1.865.000,00 |
-645.000,00 |
-915.000,00 |
-1.171.000,00 |
-2.194.000,00 |
|
|
20.
Income taxes: 41900 |
-297.000,00 |
-2.185.000,00 |
-10.000,00 |
0,00 |
-43.000,00 |
|
|
A.4)
PROFIT AFTER TAXES (A.3+20) : 49400 |
1.568.000,00 |
-2.830.000,00 |
-925.000,00 |
-1.171.000,00 |
-2.237.000,00 |
|
|
21.
Result of the year coming from interrupted operations : 42000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.5)
RESULT OF THE PERIOD (A.4+21) : 49500 |
1.568.000,00 |
-2.830.000,00 |
-925.000,00 |
-1.171.000,00 |
-2.237.000,00 |
|
> 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.
Where the provisions of the Act did not establish relevant equivalence
criteria. To view details on the methodology
2014 2013 2012 2011 2010 is taken from information
submitted to the TRADE REGISTER.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
ASSETS |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
A)
SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED CAPITAL: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
FIXED ASSETS: |
193.000,00 |
334.000,00 |
1.897.000,00 |
2.149.000,00 |
2.181.000,00 |
|
|
I. Formation expenses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Intangible fixed assets: |
7.000,00 |
9.000,00 |
16.000,00 |
17.000,00 |
19.000,00 |
|
|
1. Research and development costs: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Concessions, patents, licences,
trademarks et al.: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Goodwill: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Key money paid for premises: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Software: |
7.000,00 |
9.000,00 |
16.000,00 |
17.000,00 |
19.000,00 |
|
|
6. Assets under capital leases: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
7. Payments on account: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
8. Provisions: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
9. Accumulated depreciation: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Tangible fixed assets: |
111.000,00 |
250.000,00 |
628.000,00 |
1.069.000,00 |
1.319.000,00 |
|
|
1. Land and construction: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Technical installations and machinery:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other installations, tools and
furniture: |
108.577,00 |
244.544,00 |
614.293,00 |
1.045.668,00 |
1.290.212,00 |
|
|
4. Payments on account and tangible fixed
assets under construction: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Other tangible assets: |
2.423,00 |
5.456,00 |
13.707,00 |
23.332,00 |
28.788,00 |
|
|
6. Provisions: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
7. Accumulated depreciation: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Financial investments: |
75.000,00 |
75.000,00 |
1.253.000,00 |
1.063.000,00 |
843.000,00 |
|
|
1. Equity investments in group companies:
|
0,00 |
0,00 |
3.000,00 |
3.000,00 |
3.000,00 |
|
|
2. Receivables from group companies:
|
0,00 |
0,00 |
1.150.000,00 |
1.000.000,00 |
768.000,00 |
|
|
3. Equity investment in associated
companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Credits to associated companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Long-term securities portfolio: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Other receivables: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
7. Long term guarantees and deposits:
|
75.000,00 |
75.000,00 |
100.000,00 |
60.000,00 |
72.000,00 |
|
|
8. Provisions: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
9. Long-term receivables from public
bodies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Own shares: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Long-term trade receivables: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C)
Deferred expenses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
D)
CURRENT ASSETS: |
93.023.000,00 |
93.721.000,00 |
94.809.000,00 |
106.842.000,00 |
91.724.000,00 |
|
|
I. Called-up share capital (not paid): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Stocks: |
596.000,00 |
15.047.000,00 |
26.417.000,00 |
39.510.000,00 |
33.148.000,00 |
|
|
1. Goods for resale: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Raw materials and other consumables:
|
596.000,00 |
8.438.000,00 |
10.070.000,00 |
10.111.000,00 |
11.573.000,00 |
|
|
3. Goods in process and semifinished ones:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Finished products: |
0,00 |
6.609.000,00 |
16.347.000,00 |
29.399.000,00 |
20.278.000,00 |
|
|
5. Byproducts, scrap and recovered
materials: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Payments on account: |
0,00 |
0,00 |
0,00 |
0,00 |
1.297.000,00 |
|
|
7. Provisions: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Debtors: |
91.983.000,00 |
78.510.000,00 |
68.259.000,00 |
66.298.000,00 |
53.082.000,00 |
|
|
1. Trade debtors / accounts receivable:
|
277.000,00 |
538.000,00 |
3.414.000,00 |
3.061.000,00 |
2.465.000,00 |
|
|
2. Accounts receivable, Group companies:
|
91.677.000,00 |
77.640.000,00 |
64.639.000,00 |
61.627.000,00 |
48.350.000,00 |
|
|
3. Accounts receivable, associated
companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Other debtors: |
0,00 |
18.000,00 |
0,00 |
1.000,00 |
0,00 |
|
|
5. Staff: |
3.000,00 |
9.000,00 |
12.000,00 |
14.000,00 |
10.000,00 |
|
|
6. Public bodies: |
26.000,00 |
305.000,00 |
194.000,00 |
1.595.000,00 |
2.257.000,00 |
|
|
7. Provisions: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term investments: |
0,00 |
0,00 |
0,00 |
117.000,00 |
60.000,00 |
|
|
1. Equity investments in group companies:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Receivables from group companies:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Equity investment in associated
companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Credits to associated companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Short term securities portfolio: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Other receivables: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
7. Shor term guarantees and deposits:
|
0,00 |
0,00 |
0,00 |
117.000,00 |
60.000,00 |
|
|
8. Provisions: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Short-term treasury shares: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash at bank and in hand: |
437.000,00 |
146.000,00 |
107.000,00 |
893.000,00 |
5.267.000,00 |
|
|
VII. Prepayments and accrued income: |
7.000,00 |
18.000,00 |
26.000,00 |
24.000,00 |
167.000,00 |
|
|
GENERAL
TOTAL (A + B + C + D): |
93.216.000,00 |
94.055.000,00 |
96.706.000,00 |
108.991.000,00 |
93.905.000,00 |
|
MERCANTILE REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
LIABILITIES |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
A)
EQUITY: |
4.976.000,00 |
3.408.000,00 |
6.238.000,00 |
-3.245.000,00 |
-2.074.000,00 |
|
|
I. Subscribed capital: |
3.000,00 |
3.000,00 |
3.000,00 |
3.000,00 |
3.000,00 |
|
|
II. Share premium: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Revaluation reserves: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Reserves: |
10.568.000,00 |
10.568.000,00 |
10.568.000,00 |
160.000,00 |
160.000,00 |
|
|
1. Legal reserve: |
11.000,00 |
11.000,00 |
11.000,00 |
11.000,00 |
11.000,00 |
|
|
2. Reserves for own shares: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Reserves for shares of the controlling company:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Statutory reserves: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Miscellaneous reserves: |
10.557.000,00 |
10.557.000,00 |
10.557.000,00 |
149.000,00 |
149.000,00 |
|
|
Differences due to capital adjustement to
euros: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward: |
-7.163.000,00 |
-4.333.000,00 |
-3.408.000,00 |
-2.237.000,00 |
0,00 |
|
|
1. Retained earnings: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Prior year losses: |
-7.163.000,00 |
-4.333.000,00 |
-3.408.000,00 |
-2.237.000,00 |
0,00 |
|
|
3. Partners' contributions so as to
compensate losses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Profit or loss for the financial year: |
1.568.000,00 |
-2.830.000,00 |
-925.000,00 |
-1.171.000,00 |
-2.237.000,00 |
|
|
VII. Interim dividend paid: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VIII. Own shares for capital reduction: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
Deferred income: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Capital grants: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Unrealised exchange gains: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other deferred income: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Public revenues to distribute in several
financial years: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C)
PROVISIONS FOR LIABILITIES AND CHARGES: |
2.212.000,00 |
2.540.000,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Provisions for pension fund and other
similar obligations: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Provisions for taxes: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other provisions: |
2.212.000,00 |
2.540.000,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Reversion fund: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
D)
LONG TERM LIABILITIES: |
0,00 |
0,00 |
49.000,00 |
10.188.000,00 |
10.125.000,00 |
|
|
I. Issued debentures and other marketable securities: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Non-convertible debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Convertible debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other debt securities: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Amounts owed to credit institutions: |
0,00 |
0,00 |
0,00 |
0,00 |
125.000,00 |
|
|
1. Loans and other liabilities: |
0,00 |
0,00 |
0,00 |
0,00 |
125.000,00 |
|
|
2. Long-term liabilities from capital
leases: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Debts with companies of the group and affiliated ones:
|
0,00 |
0,00 |
49.000,00 |
10.188.000,00 |
10.000.000,00 |
|
|
1. Amounts owed to group companies: |
0,00 |
0,00 |
49.000,00 |
10.188.000,00 |
10.000.000,00 |
|
|
2. Amounts owed to associated companies:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Other creditors: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Long-term bills of exchange payable:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Other creditors: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Long term guarantees and deposits
received: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Long term payables to public bodies:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Unpaid portion of equity investment: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Group companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Associated companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Third parties: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Long term trade creditors: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
E)
SHORT TERM CREDITORS: |
86.028.000,00 |
88.107.000,00 |
90.419.000,00 |
102.048.000,00 |
85.854.000,00 |
|
|
I. Issued debentures and other marketable securities: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Non-convertible debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Convertible debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other debt securities: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Accrued interest on debentures and
other debt securities: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Amounts owed to credit institutions: |
6.000,00 |
3.000,00 |
6.000,00 |
5.000,00 |
13.536.000,00 |
|
|
1. Loans and other liabilities: |
6.000,00 |
3.000,00 |
6.000,00 |
5.000,00 |
13.536.000,00 |
|
|
2. Accrued interest on liabilities with
credit institutions: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Short-term liabilities from capital
leases: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Short-term amounts owed to group and associated companies:
|
81.485.000,00 |
81.845.000,00 |
84.837.000,00 |
82.874.000,00 |
65.969.000,00 |
|
|
1. Amounts owed to group companies: |
81.485.000,00 |
81.845.000,00 |
84.837.000,00 |
82.874.000,00 |
65.969.000,00 |
|
|
2. Amounts owed to associated companies:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Trade creditors: |
1.601.000,00 |
6.174.000,00 |
5.473.000,00 |
18.383.000,00 |
4.628.000,00 |
|
|
1. Advanced payments from customers:
|
0,00 |
2.017.000,00 |
1.823.000,00 |
0,00 |
0,00 |
|
|
2. Amounts owed for purchases of goods or
services: |
1.601.000,00 |
4.157.000,00 |
3.650.000,00 |
18.383.000,00 |
4.628.000,00 |
|
|
3. Debts represented by notes payable:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Other creditors: |
2.936.000,00 |
85.000,00 |
103.000,00 |
134.000,00 |
138.000,00 |
|
|
1. Public bodies: |
2.936.000,00 |
85.000,00 |
78.000,00 |
134.000,00 |
138.000,00 |
|
|
2. Bills of exchange payable: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Miscellaneous debts: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Wages and salaries payable: |
0,00 |
0,00 |
25.000,00 |
0,00 |
0,00 |
|
|
5. Guarantees and deposits received at
short term: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Provisions: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Prepayments and accrued income: |
0,00 |
0,00 |
0,00 |
652.000,00 |
1.583.000,00 |
|
|
F)
SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
GENERAL
TOTAL (A + B + C + D + E + F): |
93.216.000,00 |
94.055.000,00 |
96.706.000,00 |
108.991.000,00 |
93.905.000,00 |
|
MERCANTILE REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
DEBIT |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
A)
CHARGES (A.1 to A.15): |
29.738.000,00 |
24.866.000,00 |
7.448.000,00 |
23.274.000,00 |
28.932.000,00 |
|
|
A.1. Stock reduction of both manufactured
goods and the ones in process: |
6.609.000,00 |
0,00 |
13.052.000,00 |
0,00 |
5.866.000,00 |
|
|
A.2. Supplies: |
18.443.000,00 |
4.901.000,00 |
-11.002.000,00 |
18.736.000,00 |
15.008.000,00 |
|
|
a) Stock consumption:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Consumption of raw
materials and miscellaneous consumable ones: |
18.443.000,00 |
4.901.000,00 |
-11.002.000,00 |
18.736.000,00 |
15.008.000,00 |
|
|
c) Miscellaneous external
expenditure: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.3. Staff costs: |
2.609.000,00 |
2.554.000,00 |
2.163.000,00 |
1.893.000,00 |
2.508.000,00 |
|
|
a) Wages, salaries et
al.: |
2.083.000,00 |
2.003.000,00 |
1.713.000,00 |
1.514.000,00 |
1.928.000,00 |
|
|
b) Social security
costs: |
526.000,00 |
551.000,00 |
450.000,00 |
379.000,00 |
580.000,00 |
|
|
A.4. Depreciation expense: |
231.000,00 |
270.000,00 |
313.000,00 |
296.000,00 |
292.000,00 |
|
|
A.5. Variation of trade provisions and
losses of unrecovered receivables: |
0,00 |
9.773.000,00 |
0,00 |
0,00 |
167.000,00 |
|
|
a) Stock provision variation:
|
0,00 |
9.773.000,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Variation in
provision and bad debt losses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Variation of other
trade provisions: |
0,00 |
0,00 |
0,00 |
0,00 |
167.000,00 |
|
|
A.6. Other operating charges: |
1.337.000,00 |
3.011.000,00 |
1.623.000,00 |
1.359.000,00 |
4.454.000,00 |
|
|
a) External services:
|
1.323.000,00 |
3.009.000,00 |
1.613.000,00 |
1.357.000,00 |
4.448.000,00 |
|
|
b) Taxes: |
9.000,00 |
2.000,00 |
4.000,00 |
1.000,00 |
2.000,00 |
|
|
c) Other operating
expenses: |
5.000,00 |
0,00 |
6.000,00 |
1.000,00 |
4.000,00 |
|
|
d) Allocation to
revision fund: |
0,00 |
0,00 |
0,00 |
0,00 |
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): |
1.786.000,00 |
1.459.000,00 |
317.000,00 |
0,00 |
0,00 |
|
|
A.7. Financial and similar charges: |
222.000,00 |
2.018.000,00 |
1.130.000,00 |
990.000,00 |
541.000,00 |
|
|
a) Due to liabilities
with companies of the group: |
220.000,00 |
516.000,00 |
1.121.000,00 |
748.000,00 |
18.000,00 |
|
|
b) Due to liabilities
with associated companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Due to other
debts.: |
2.000,00 |
349.000,00 |
9.000,00 |
242.000,00 |
523.000,00 |
|
|
d) Losses from
financial investments: |
0,00 |
1.153.000,00 |
0,00 |
0,00 |
0,00 |
|
|
A.8. Changes in financial investment
provisions: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.9. Exchange losses: |
0,00 |
38.000,00 |
51.000,00 |
0,00 |
0,00 |
|
|
A.II. NET FINANCIAL INCOME (B.5+B.6+B.7+B.8-A.7-A.8-A.9):
|
63.000,00 |
0,00 |
0,00 |
0,00 |
364.000,00 |
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II):
|
1.849.000,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.10. Changes in provisions for
intangible, tangible and securities portfolio: |
-10.000,00 |
112.000,00 |
36.000,00 |
0,00 |
41.000,00 |
|
|
A.11. Losses from tangible and intangible fixed
assets and securities portfolio: |
0,00 |
4.000,00 |
72.000,00 |
0,00 |
12.000,00 |
|
|
A.12. Losses from transactions with own
shares and debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.13. Extraordinary expenses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.14. Expenses and losses of former
financial years: |
0,00 |
0,00 |
0,00 |
0,00 |
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):
|
16.000,00 |
0,00 |
0,00 |
3.000,00 |
0,00 |
|
|
A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV): |
1.865.000,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.15. Corporation tax: |
297.000,00 |
2.185.000,00 |
10.000,00 |
0,00 |
43.000,00 |
|
|
A.16. Miscellaneous taxes: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.VI. FINANCIAL YEAR RESULTS (PROFIT) (A.V-A.15-A.16): |
1.568.000,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
MERCANTILE REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
CREDIT |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
B)
INCOME ( B.1 to B.13): |
31.306.000,00 |
22.036.000,00 |
6.523.000,00 |
22.103.000,00 |
26.695.000,00 |
|
|
B.1. Net total sales: |
30.442.000,00 |
21.390.000,00 |
6.427.000,00 |
12.775.000,00 |
25.785.000,00 |
|
|
a) Sales: |
23.881.000,00 |
15.024.000,00 |
3.342.000,00 |
10.009.000,00 |
24.660.000,00 |
|
|
b) Rendering of
services: |
6.561.000,00 |
6.366.000,00 |
3.085.000,00 |
2.766.000,00 |
1.125.000,00 |
|
|
Returns and Rappel on
sales: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.2. Stock increase of manufactured goods
and products in process: |
0,00 |
35.000,00 |
0,00 |
9.121.000,00 |
0,00 |
|
|
B.3. Works performed by the company for
fixed assets: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.4. Miscellaneous operating income:
|
573.000,00 |
543.000,00 |
39.000,00 |
27.000,00 |
5.000,00 |
|
|
a) Auxiliary income
and other from current management: |
573.000,00 |
543.000,00 |
39.000,00 |
27.000,00 |
5.000,00 |
|
|
b) Grants: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Liabilities and charges
provisions surplus: |
0,00 |
0,00 |
0,00 |
0,00 |
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 |
0,00 |
0,00 |
361.000,00 |
2.505.000,00 |
|
|
B.5. Income from equity investment: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) In companies of
the group: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) In associated
companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Third parties:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.6. Income from other marketable
securities and long-term receivables: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) From companies of
the group: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) From associated
companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) From companies out
of the group: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.7. Miscellaneous interests or similar
income: |
90.000,00 |
68.000,00 |
57.000,00 |
51.000,00 |
905.000,00 |
|
|
a) From companies of
the group: |
27.000,00 |
31.000,00 |
42.000,00 |
32.000,00 |
890.000,00 |
|
|
b) From associated
companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Miscellaneous
interests: |
63.000,00 |
37.000,00 |
15.000,00 |
19.000,00 |
15.000,00 |
|
|
d) Profit on
financial investment: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.8. Exchange positive differences: |
195.000,00 |
0,00 |
0,00 |
126.000,00 |
0,00 |
|
|
B.II. NEGATIVE FINANCIAL RESULTS (A.7+A.8+A.9-B.5-B.6-B.7-B.8):
|
0,00 |
1.988.000,00 |
1.124.000,00 |
813.000,00 |
0,00 |
|
|
B.III. LOSSES ON ORDINARY ACTIVITIES ( B.I + B.II - A.I - A.II
): |
0,00 |
529.000,00 |
807.000,00 |
1.174.000,00 |
2.141.000,00 |
|
|
B.9.Profit on disposal of both tangible
and intangible fixed assets and securities portfolio: |
6.000,00 |
0,00 |
0,00 |
3.000,00 |
0,00 |
|
|
B.10. Profit on transactions with own shares
and debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.11. Capital grants transferred to profit
and loss: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.12. Extraordinary income: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.13. Income and profit of former
financial years: |
0,00 |
0,00 |
0,00 |
0,00 |
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): |
0,00 |
116.000,00 |
108.000,00 |
0,00 |
53.000,00 |
|
|
B.V. LOSSES BEFORE TAXES (B.III+B.IV-A.III-A.IV): |
0,00 |
645.000,00 |
915.000,00 |
1.171.000,00 |
2.194.000,00 |
|
|
B.VI. RESULT OF THE PERIOD (LOSSES) (B.V+A.15+A.16): |
0,00 |
2.830.000,00 |
925.000,00 |
1.171.000,00 |
2.237.000,00 |
|
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 |
1.865.000,00 |
-645.000,00 |
-915.000,00 |
-1.171.000,00 |
-2.194.000,00 |
|
|
2.
Results adjustments.: 61200 |
152.000,00 |
12.147.000,00 |
1.545.000,00 |
1.106.000,00 |
148.000,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
231.000,00 |
270.000,00 |
313.000,00 |
296.000,00 |
292.000,00 |
|
|
b) Obsolescence Allowances (+/-). : 61202 |
0,00 |
10.926.000,00 |
36.000,00 |
0,00 |
41.000,00 |
|
|
c) Variation in Provision (+/-). : 61203 |
0,00 |
0,00 |
0,00 |
0,00 |
167.000,00 |
|
|
e) Results on disposal of fixed assets (+/-). : 61205 |
-16.000,00 |
116.000,00 |
72.000,00 |
-3.000,00 |
12.000,00 |
|
|
g) Financial income (-).: 61207 |
-90.000,00 |
-68.000,00 |
-57.000,00 |
-51.000,00 |
-905.000,00 |
|
|
h) Financial Expenses (+). : 61208 |
222.000,00 |
865.000,00 |
1.130.000,00 |
990.000,00 |
541.000,00 |
|
|
i) Exchange differences (+/-). : 61209 |
-195.000,00 |
38.000,00 |
51.000,00 |
-126.000,00 |
0,00 |
|
|
3.
Changes in current capital equity.: 61300 |
-1.554.000,00 |
-10.998.000,00 |
-560.000,00 |
10.990.000,00 |
-27.366.000,00 |
|
|
a) Stock (+/-).: 61301 |
14.451.000,00 |
1.597.000,00 |
13.093.000,00 |
-6.362.000,00 |
7.615.000,00 |
|
|
d) Debtors and other accounts receivable (+/-). : 61302 |
-13.076.000,00 |
-10.294.000,00 |
-1.971.000,00 |
-13.216.000,00 |
15.318.000,00 |
|
|
c) Other current assets (+/-). : 61303 |
11.000,00 |
8.000,00 |
-2.000,00 |
143.000,00 |
-167.000,00 |
|
|
d) Creditors and other accounts payable (+/-). : 61304 |
1.313.000,00 |
-2.309.000,00 |
-11.028.000,00 |
31.356.000,00 |
-50.132.000,00 |
|
|
e) Other current liabilities (+/-).: 61305 |
0,00 |
0,00 |
-652.000,00 |
-278.000,00 |
0,00 |
|
|
f) Other non-current assets and liabilities (+/-).: 61306 |
-4.253.000,00 |
0,00 |
0,00 |
-653.000,00 |
0,00 |
|
|
4.
Other cash flows for operating activities.: 61400 |
-101.000,00 |
-435.000,00 |
-1.073.000,00 |
-1.276.000,00 |
902.000,00 |
|
|
a) Interest payments (-). : 61401 |
-2.000,00 |
-516.000,00 |
-1.130.000,00 |
-990.000,00 |
0,00 |
|
|
b) Dividend payment collection (+). : 61402 |
63.000,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Interest collection (+). : 61403 |
0,00 |
68.000,00 |
57.000,00 |
51.000,00 |
905.000,00 |
|
|
d) Income tax payment collection (payments) (+/-).: 61404 |
-162.000,00 |
13.000,00 |
0,00 |
-337.000,00 |
-3.000,00 |
|
|
5.
Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
362.000,00 |
69.000,00 |
-1.003.000,00 |
9.649.000,00 |
-28.510.000,00 |
|
|
6.
Payments for investment (-).: 62100 |
-78.000,00 |
-9.000,00 |
-233.000,00 |
-567.000,00 |
-1.884.000,00 |
|
|
a) Companies of the group and affiliates. : 62101 |
0,00 |
0,00 |
-150.000,00 |
-232.000,00 |
-771.000,00 |
|
|
b) Intangible fixed assets. : 62102 |
-2.000,00 |
0,00 |
-8.000,00 |
-5.000,00 |
-1.000,00 |
|
|
c) Fixed assets. : 62103 |
-76.000,00 |
-9.000,00 |
-35.000,00 |
-273.000,00 |
-1.052.000,00 |
|
|
e) Other financial assets. : 62105 |
0,00 |
0,00 |
-40.000,00 |
-57.000,00 |
-60.000,00 |
|
|
7.
Divestment payment collection (+). : 62200 |
4.000,00 |
31.000,00 |
180.000,00 |
12.000,00 |
102.000,00 |
|
|
c) Fixed assets. : 62203 |
4.000,00 |
6.000,00 |
63.000,00 |
0,00 |
47.000,00 |
|
|
e) Other financial assets. : 62205 |
0,00 |
25.000,00 |
117.000,00 |
12.000,00 |
55.000,00 |
|
|
8.
Investment activity cash flows (6 + 7) minus Amortization: 62300 |
-74.000,00 |
22.000,00 |
-53.000,00 |
-555.000,00 |
-1.782.000,00 |
|
|
9.
Payment collection and payments for equity instruments. : 63100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10.
Payment collection and payments for financial liabilities instruments.:
63200 |
3.000,00 |
-52.000,00 |
270.000,00 |
-13.468.000,00 |
23.661.000,00 |
|
|
a) Issuance : 63201 |
0,00 |
-52.000,00 |
270.000,00 |
-13.468.000,00 |
23.661.000,00 |
|
|
2. Debts incurred with credit institutions (+). : 63203 |
0,00 |
-3.000,00 |
1.000,00 |
-13.656.000,00 |
13.661.000,00 |
|
|
3. Debts incurred with companies of the group and affiliates
(+).: 63204 |
0,00 |
-49.000,00 |
269.000,00 |
188.000,00 |
10.000.000,00 |
|
|
b) Repayment and amortization of : 63207 |
3.000,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Debts incurred with credit institutions (-).: 63209 |
3.000,00 |
0,00 |
0,00 |
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 |
3.000,00 |
-52.000,00 |
270.000,00 |
-13.468.000,00 |
23.661.000,00 |
|
|
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 |
291.000,00 |
39.000,00 |
-786.000,00 |
-4.374.000,00 |
-6.631.000,00 |
|
|
Cash or equivalent assets as of beginning of the fiscal year.:
65100 |
146.000,00 |
107.000,00 |
893.000,00 |
5.267.000,00 |
11.898.000,00 |
|
|
Cash or equivalent assets as of end of the fiscal year.:
65200 |
437.000,00 |
146.000,00 |
107.000,00 |
893.000,00 |
5.267.000,00 |
|
|
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: |
0,01 % |
0,01 % |
0,00 % |
0,01 % |
|
0,90 % |
|
|
EBITDA
over Sales: |
6,63 % |
12,64 % |
8,08 % |
11,37 % |
-18,03 % |
11,16 % |
|
|
Cash
Flow Yield: |
0,00 % |
0,01 % |
0,00 % |
0,01 % |
|
9,47 % |
|
|
Profitability |
2014 |
2013 |
Variación 2014 - 2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating
economic profitability: |
1,93 % |
9,12 % |
1,43 % |
6,88 % |
35,39 % |
32,69 % |
|
|
Total
economic profitability: |
2,24 % |
5,11 % |
0,23 % |
3,76 % |
857,17 % |
35,78 % |
|
|
Financial
profitability: |
31,51 % |
7,84 % |
-83,04 % |
4,25 % |
137,95 % |
84,54 % |
|
|
Margin:
|
5,81 % |
7,88 % |
6,12 % |
6,72 % |
-5,11 % |
17,25 % |
|
|
Mark-up:
|
6,01 % |
7,07 % |
-2,94 % |
4,50 % |
304,48 % |
56,94 % |
|
|
Solvency |
2014 |
2013 |
Variación 2014 - 2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity:
|
0,01 |
0,15 |
0,00 |
0,13 |
|
11,07 |
|
|
Acid
Test: |
1,07 |
0,89 |
0,89 |
0,87 |
20,34 |
2,78 |
|
|
Working
Capital / Investment: |
0,07 |
0,03 |
0,06 |
0,05 |
25,78 |
-48,89 |
|
|
Solvency:
|
1,08 |
1,21 |
1,06 |
1,18 |
1,65 |
2,47 |
|
|
Indebtedness |
2014 |
2013 |
Variación 2014 - 2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness
level: |
11,97 |
1,31 |
14,81 |
1,39 |
-19,20 |
-6,13 |
|
|
Borrowing
Composition: |
0,00 |
1,20 |
0,00 |
1,01 |
|
19,21 |
|
|
Repayment
Ability: |
295,63 |
83,72 |
2.259,15 |
94,07 |
-86,91 |
-11,00 |
|
|
Warranty:
|
1,08 |
1,77 |
1,07 |
1,73 |
1,50 |
2,65 |
|
|
Generated
resources / Total creditors: |
0,02 |
0,09 |
0,09 |
0,08 |
-77,98 |
8,01 |
|
|
Efficiency |
2014 |
2013 |
Variación 2014 - 2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity:
|
1,77 |
2,05 |
1,68 |
1,85 |
5,73 |
10,80 |
|
|
Turnover
of Collection Rights : |
0,34 |
5,59 |
0,28 |
5,00 |
20,69 |
11,81 |
|
|
Turnover
of Payment Entitlements: |
0,15 |
3,76 |
0,20 |
3,63 |
-23,87 |
3,65 |
|
|
Stock
rotation: |
49,04 |
9,16 |
1,36 |
7,34 |
3.504,25 |
24,84 |
|
|
Assets
turnover: |
0,33 |
1,16 |
0,23 |
1,02 |
42,68 |
13,17 |
|
|
Borrowing
Cost: |
0,26 |
2,97 |
0,98 |
2,87 |
-73,72 |
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: |
0,01 % |
0,00 % |
-0,12 % |
-0,34 % |
-0,26 % |
|
|
EBITDA
over Sales: |
6,63 % |
8,08 % |
9,80 % |
-0,51 % |
-8,58 % |
|
|
Cash
Flow Yield: |
0,00 % |
0,00 % |
-0,01 % |
-0,04 % |
-0,07 % |
|
|
Profitability |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Operating
economic profitability: |
1,93 % |
1,43 % |
0,22 % |
-0,33 % |
-2,75 % |
|
|
Total
economic profitability: |
2,24 % |
0,23 % |
0,22 % |
-0,17 % |
-1,76 % |
|
|
Financial
profitability: |
31,51 % |
-83,04 % |
-14,83 % |
-36,09 % |
-107,86 % |
|
|
Margin:
|
5,81 % |
6,12 % |
3,23 % |
-2,80 % |
-9,92 % |
|
|
Mark-up:
|
6,01 % |
-2,94 % |
-14,15 % |
-9,15 % |
-8,51 % |
|
|
Solvency |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Liquidity:
|
0,01 |
0,00 |
0,00 |
0,01 |
0,06 |
|
|
Acid
Test: |
1,07 |
0,89 |
0,76 |
0,66 |
0,68 |
|
|
Working
Capital / Investment: |
0,07 |
0,06 |
0,05 |
0,04 |
0,07 |
|
|
Solvency:
|
1,08 |
1,06 |
1,05 |
1,05 |
1,07 |
|
|
Indebtedness |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Indebtedness
level: |
11,97 |
14,81 |
14,50 |
-34,59 |
-46,28 |
|
|
Borrowing
Composition: |
0,00 |
0,00 |
0,00 |
0,10 |
0,12 |
|
|
Repayment
Ability: |
295,63 |
2.259,15 |
-115,10 |
-25,66 |
-14,47 |
|
|
Warranty:
|
1,08 |
1,07 |
1,07 |
0,97 |
0,98 |
|
|
Generated
resources / Total creditors: |
0,02 |
0,09 |
-0,01 |
-0,01 |
-0,02 |
|
|
Efficiency |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Productivity:
|
1,77 |
1,68 |
1,29 |
0,97 |
0,12 |
|
|
Turnover
of Collection Rights : |
0,34 |
0,28 |
0,09 |
0,19 |
0,49 |
|
|
Turnover
of Payment Entitlements: |
0,15 |
0,20 |
0,00 |
0,29 |
0,19 |
|
|
Stock
rotation: |
49,04 |
1,36 |
0,23 |
0,33 |
0,85 |
|
|
Assets
turnover: |
0,33 |
0,23 |
0,07 |
0,12 |
0,28 |
|
|
Borrowing
Cost: |
0,26 |
0,98 |
1,25 |
0,88 |
0,56 |
|
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 2007, engaged in wind turbine
manufacture and wind power installings. Its turnover increased 42,32% in 2014
vs previous year. It presents a negative working capital, therefore it would
not be able to meet short term payment commitments. |
|
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.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.