MIRA INFORM REPORT
|
Report No. : |
338712 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOLPHINS BISUTERIA SA |
|
|
|
|
Registered Office : |
Calle Amparo 2 - Madrid - 28012 - Madrid |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
23.12.1992 |
|
|
|
|
Legal Form : |
Public Company |
|
|
|
|
Line of Business : |
Wholesale of watches and jewellery. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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: |
DOLPHINS
BISUTERIA SA |
|
NIF
/ Fiscal code: |
A80495021 |
|
Status: |
ACTIVE |
|
Incorporation
Date: |
23/12/1992 |
|
Register Data |
Register
Section 8 Sheet 81034 |
|
Last Publication in BORME: |
18/10/2013
[Reelections] |
|
Last
Published Account Deposit: |
2013 |
|
Share
Capital: |
60.101,21 |
|
Localization: |
CALLE
AMPARO 2 - MADRID - 28012 - MADRID |
|
Telephone
- Fax - Email - Website: |
Telephone.
915288679 |
|
Activity: |
|
|
NACE: |
4648
- Wholesale of watches and jewellery |
|
Registered
Trademarks: |
|
|
Audited
/ Opinion: |
No |
|
Tenders
and Awards: |
|
|
Subsidies: |
0
for a total cost of 0 |
|
Quality
Certificate: |
No |
|
Defaults, Legal Claims and
Insolvency Proceedings : |
|
|
|
|
Number |
Amount
(€) |
Most
Recent Entry |
|
Insolvency
Proceedings, Bankruptcy and Suspension of Payments |
Unpublished |
--- |
--- |
|
Defaults
on debt with Financial Institutions and Large Companies |
None |
--- |
--- |
|
Judicial
Claims (Notices, Executive Proceedings, Attachments, Auctions, Bad Debt) |
None |
0 |
--- |
|
Proceedings
heard by the Civil Court |
Unpublished |
0 |
--- |
|
Proceedings
heard by the Labour Court |
Unpublished |
0 |
--- |
|
Partners: |
|
|
|
Shares: |
0 |
|
|
Other
Links: |
0 |
|
|
No.
of Active Corporate Bodies: |
JOINT
MANAGER 2 |
|
|
Ratios |
2013 |
2012 |
Change |
|
|
|
|
|
Guarantees: |
|
|
Properties
Registered: |
Company
NO, Administrator NO |
|
Financing
/ Guarantee Sources : |
Sources
NO, Guarantees NO |
Enquiry
Details
|
Social Denomination: |
DOLPHINS BISUTERIA SA |
|
NIF / Fiscal code: |
A80495021 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
1993 |
|
Registered Office: |
CALLE AMPARO 2 |
|
Locality: |
MADRID |
|
Province: |
MADRID |
|
Postal Code: |
28012 |
|
Telephone: |
915288679 |
|
Fax: |
915300244 |
Activity
|
NACE: |
4648 |
|
CNAE Obtaining Source: |
4648 |
|
Legal Form: |
WHOLESALE
TRADE AND REGULAR DETALL jewelery, knitwear, underwear and FOREIGN LADY, MEN
and children, accessories for clothing and headdress. |
|
Additional Information: |
Plant, warehouse and offices
located on |
|
Import / export: |
DOES NOT IMPORT / DOES NOT
EXPORT |
Chronological
Summary
|
Year |
Act |
|
1993 |
Appointments/ Re-elections (1) Company Formation (1) |
|
1994 |
Accounts deposit (year 1993) |
|
1995 |
Accounts deposit (year 1994) |
|
1996 |
Accounts deposit (year 1995) |
|
1997 |
Accounts deposit (year 1996) |
|
1998 |
Accounts deposit (year 1997) Appointments/ Re-elections (1) |
|
1999 |
Accounts deposit (year 1998) |
|
2000 |
Accounts deposit (year 1999) |
|
2001 |
Accounts deposit (year 2000) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1) Statutory Modifications (1) |
|
2002 |
Accounts deposit (year 2001) |
|
2003 |
Accounts deposit (year 2002) |
|
2004 |
Accounts deposit (year 2003) |
|
2005 |
Accounts deposit (year 2004) |
|
2006 |
Accounts deposit (year 2005) |
|
2007 |
Accounts deposit (year 2006) Appointments/ Re-elections (1) |
|
2008 |
Accounts deposit (year 2007) |
|
2009 |
Accounts deposit (year 2008) |
|
2010 |
Accounts deposit (year 2009) |
|
2011 |
Accounts deposit (year 2010) |
|
2012 |
Accounts deposit (year 2011) |
|
2013 |
Accounts deposit (year 2012) Appointments/ Re-elections (1) |
|
2014 |
Accounts deposit (year 2013) |
Breakdown
of Owners' Equity
|
Registered Capital: |
60.101,21 |
|
Paid up capital: |
60.101,21 |
Updated
Evolution of the Subscribed and Paid-in Capital
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
09/02/1993 |
Company Formation |
60.101 |
60.101 |
60.101 |
60.101 |
Active
Social Bodies
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
|
JOINT MANAGER |
HAMDAN HAMDAN GHASSAN |
10/10/2013 |
5 |
|
|
HAMDAN RODRIGUEZ LAURA |
10/10/2013 |
3 |
Historical
Social Bodies
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
HAMDAN HAMDAN GHASSAN |
SINGLE ADMINISTRATOR |
10/11/1998 |
5 |
|
|
SINGLE ADMINISTRATOR |
19/11/2001 |
|
|
|
JOINT MANAGER |
07/11/2007 |
|
|
|
JOINT MANAGER |
10/10/2013 |
|
|
HAMDAN RODRIGUEZ LAURA |
JOINT MANAGER |
07/11/2007 |
3 |
|
|
JOINT MANAGER |
10/10/2013 |
|
Executive
board
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
GHASSAN HAMDAN HAMDAN |
|
ADMINISTRATOR |
|
LAURA HAMDAN RODRIGUEZ |
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. Significant level of financial autonomy. The asset is financed mostly with equity and financing with maturity exceeding one year, providing a solid financial structure. 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 limited operating margins. Net margin shows positive, although adjusted, company costs management as income exceed operating expenses. |
The current debt represents a 47.94% of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation. 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. No Company's subsidiaries or branches are known. Private consumption continues to have, in spite of some signs of improvement, very low rates , thus showing great weakness. |
Probability
of default
|
Sector in which comparison is carried out: 464 Wholesale of household goods |
|
|
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 79.00% of the companies of the sector DOLPHINS BISUTERIA SA belongs to show a higher probability of non-compliance.
The probability of the company's non-compliance with its payment obligations within deadlines estimated by our qualifications models is 1.981%.
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.
LEGAL
CLAIMS
|
Summary of Judicial Claims |
|
|
|
|
|
|
|
|
||
|
|
|
No
se han publicado |
|
|
|
|
No
se han publicado |
|
|
|
|
||
|
|
|
No
se han publicado |
|
|
|
|
No
se han publicado |
|
|
|
|
No
se han publicado |
|
|
|
|
No
se han publicado |
|
|
|
|
||
|
|
|
No
se han publicado |
|
|
|
|
No
se han publicado |
|
|
|
|
||
|
|
|
No
se han publicado |
|
Turnover
|
Total Sales |
2.063.232,05 |
The sales data is from the
latest available financial statements. Failing that, are estimates data
calculated by statistical methods.
Financial
Accounts and Balance Sheets
|
Ejercicio |
Tipo
de Cuentas Anuales |
Fecha
Presentacion |
|
2013 |
Normales |
October
2014 |
|
2012 |
Normales |
December
2013 |
|
2011 |
Normales |
September
2012 |
|
2010 |
Normales |
September
2011 |
|
2009 |
Normales |
November
2010 |
|
2008 |
Normales |
September
2009 |
|
2007 |
Normales |
September
2008 |
|
2006 |
Normales |
November
2007 |
|
2005 |
Normales |
September
2006 |
|
2004 |
Normales |
November
2005 |
|
2003 |
Normales |
August
2004 |
|
2002 |
Normales |
October
2003 |
|
2001 |
Normales |
September
2002 |
|
2000 |
Normales |
August
2001 |
|
1999 |
Normales |
September
2000 |
|
1998 |
Normales |
November
1999 |
|
1997 |
Normales |
December
1998 |
|
1996 |
Normales |
October
1997 |
|
1995 |
Normales |
September
1996 |
|
1994 |
Normales |
September
1995 |
|
1993 |
Normales |
August
1994 |
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 31/12/2013
> Balance en formato Pyme de acuerdo al Nuevo Plan General Contable 2007
Information corresponding to the fiscal year 2013 2012 2010 2009 2008 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2013 2012 2010 2009 2008 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 |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
A)
NON-CURRENT ASSETS: 11000 |
0,00 |
0,00 |
480,00 |
480,00 |
480,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
0,00 |
0,00 |
480,00 |
480,00 |
480,00 |
|
|
III. Real estate investment: 11300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Long-term investments in Group companies and associates :
11400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term financial investments: 11500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
CURRENT ASSETS: 12000 |
475.150,00 |
213.556,00 |
762.067,00 |
776.335,00 |
608.940,00 |
|
|
I. Stocks : 12200 |
458.960,00 |
184.960,00 |
729.000,00 |
648.000,00 |
598.000,00 |
|
|
II. Trade debtors and others receivable accounts : 12300 |
0,00 |
0,00 |
0,00 |
103.217,00 |
2.031,00 |
|
|
1. Trade debtors / accounts receivable:
12380 |
0,00 |
0,00 |
0,00 |
103.217,00 |
0,00 |
|
|
a) Long-term
receivables from sales and services supplied : 12381 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Customers for
sales and provisions of services : 12382 |
0,00 |
0,00 |
0,00 |
103.217,00 |
0,00 |
|
|
2. Called up share capital: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other accounts receivable : 12390 |
0,00 |
0,00 |
0,00 |
0,00 |
2.031,00 |
|
|
III. Short-term investment in Group companies and associates:
12400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term financial investments : 12500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Short-term accruals : 12600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash and other equivalent liquid assets : 12700 |
16.190,00 |
28.596,00 |
33.067,00 |
25.118,00 |
8.909,00 |
|
|
TOTAL
ASSETS (A + B) : 10000 |
475.150,00 |
213.556,00 |
762.547,00 |
776.815,00 |
609.420,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities
and Net Worth |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
A)
NET WORTH: 20000 |
247.362,00 |
164.553,00 |
157.510,00 |
155.483,00 |
152.852,00 |
|
|
A-1)
Shareholders' equity: 21000 |
247.362,00 |
164.553,00 |
157.510,00 |
155.483,00 |
152.852,00 |
|
|
I. Capital: 21100 |
60.101,00 |
60.101,00 |
60.101,00 |
60.101,00 |
60.101,00 |
|
|
1. Registered capital : 21110 |
60.101,00 |
60.101,00 |
60.101,00 |
60.101,00 |
60.101,00 |
|
|
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 |
104.452,00 |
99.437,00 |
95.381,00 |
92.750,00 |
92.416,00 |
|
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward: 21500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Other shareholders' contributions: 21600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period: 21700 |
82.809,00 |
5.014,00 |
2.028,00 |
2.631,00 |
334,00 |
|
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-2)
Changes in net worth : 22000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-3)
Received subsidies, donations and legacies: 23000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
NON-CURRENT LIABILITIES: 31000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
1. Amounts owed to credit institutions:
31220 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Creditors from financial leasing :
31230 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other long-term creditors : 31290 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Long-term debts with Group companies and associates:
31300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C)
CURRENT LIABILITIES : 32000 |
227.788,00 |
49.003,00 |
605.036,00 |
621.332,00 |
456.568,00 |
|
|
I. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term creditors : 32300 |
90.000,00 |
0,00 |
600.000,00 |
600.000,00 |
433.000,00 |
|
|
1. Amounts owed to credit institutions:
32320 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Creditors from financial leasing :
32330 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other short-term creditors :
32390 |
90.000,00 |
0,00 |
600.000,00 |
600.000,00 |
433.000,00 |
|
|
III. Short-term amounts owed to group and associated companies:
32400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Trade creditors and other accounts payable: 32500 |
137.788,00 |
49.003,00 |
5.036,00 |
21.332,00 |
23.568,00 |
|
|
1. Suppliers: 32580 |
74.768,00 |
1.747,00 |
-11.078,00 |
0,00 |
0,00 |
|
|
a) Long-term debts :
32581 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Short-term debts :
32582 |
74.768,00 |
1.747,00 |
-11.078,00 |
0,00 |
0,00 |
|
|
2. Other creditors: 32590 |
63.020,00 |
47.256,00 |
16.114,00 |
21.332,00 |
23.568,00 |
|
|
V. Short-term accruals : 32600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL
NET WORTH AND LIABILITIES (A + B + C) : 30000 |
475.150,00 |
213.556,00 |
762.547,00 |
776.815,00 |
609.420,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit
and Loss |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
1. Net turnover: 40100 |
2.063.232,00 |
1.286.613,00 |
996.578,00 |
1.154.511,00 |
941.008,00 |
|
|
2. Changes in stocks of finished goods and work in progress:
40200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Works carried out by the company for its assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-1.411.025,00 |
-977.135,00 |
-721.161,00 |
-827.984,00 |
-585.990,00 |
|
|
5. Other operating income: 40500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
6. Personnel costs: 40600 |
-373.441,00 |
-225.991,00 |
-195.522,00 |
-228.625,00 |
-229.520,00 |
|
|
7. Other operating costs: 40700 |
-156.225,00 |
-98.572,00 |
-73.542,00 |
-89.215,00 |
-122.956,00 |
|
|
8. Amortisation of fixed assets: 40800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
9. Allocation of subsidies of non-financial fixed assets and
other: 40900 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of fixed assets:
41100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Other results : 41300 |
506,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A)
OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) :
49100 |
123.049,00 |
-15.085,00 |
6.353,00 |
8.687,00 |
2.542,00 |
|
|
13. Financial income : 41400 |
1,00 |
0,00 |
0,00 |
182,00 |
0,00 |
|
|
a) Allocation of financial subsidies,
donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income: 41490 |
1,00 |
0,00 |
0,00 |
182,00 |
0,00 |
|
|
14. Financial expenditure : 41500 |
-12.637,00 |
-7.770,00 |
-3.786,00 |
-5.581,00 |
-2.231,00 |
|
|
15. Changes in fair value of financial instruments :
41600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
16. Exchange rate differences: 41700 |
0,00 |
29.551,00 |
0,00 |
0,00 |
135,00 |
|
|
17. Impairment and result for transfers of financial
instruments : 41800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
18. Other financial income and expenditure: 42100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Incorporation of financial expenditure
to assets: 42110 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Financial income from arrangement with
creditors: 42120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Other income and expenditure:
42130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200 |
-12.636,00 |
21.781,00 |
-3.786,00 |
-5.399,00 |
-2.096,00 |
|
|
C)
NET RESULT BEFORE TAXES ( A + B ) : 49300 |
110.413,00 |
6.696,00 |
2.567,00 |
3.289,00 |
446,00 |
|
|
19. Income taxes : 41900 |
-27.603,00 |
-1.681,00 |
-539,00 |
-658,00 |
-111,00 |
|
|
D)
RESULT OF THE PERIOD ( C + 19 ) : 49500 |
82.809,00 |
5.014,00 |
2.028,00 |
2.631,00 |
334,00 |
|
> Normal Balance Sheet under the rules of the 1990 General Accounting Plan (repealed since 1st January of 2008)
Information corresponding to the fiscal year 2013 2012 2010 2009 2008 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 2013 2012 2010 2009 2008 is taken from information submitted to the TRADE REGISTER.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
ASSETS |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
A)
SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED CAPITAL: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
FIXED ASSETS: |
0,00 |
0,00 |
480,00 |
480,00 |
480,00 |
|
|
I. Formation expenses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Intangible fixed assets: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Tangible fixed assets: |
0,00 |
0,00 |
480,00 |
480,00 |
480,00 |
|
|
IV. Financial investments: |
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: |
475.150,00 |
213.556,00 |
762.067,00 |
776.335,00 |
608.940,00 |
|
|
I. Called-up share capital (not paid): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Stocks: |
458.960,00 |
184.960,00 |
729.000,00 |
648.000,00 |
598.000,00 |
|
|
III. Debtors: |
0,00 |
0,00 |
0,00 |
103.217,00 |
2.031,00 |
|
|
IV. Short-term investments: |
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: |
16.190,00 |
28.596,00 |
33.067,00 |
25.118,00 |
8.909,00 |
|
|
VII. Prepayments and accrued income: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
GENERAL
TOTAL (A + B + C + D): |
475.150,00 |
213.556,00 |
762.547,00 |
776.815,00 |
609.420,00 |
|
MERCANTILE REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
LIABILITIES |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
A)
EQUITY: |
247.362,00 |
164.553,00 |
157.510,00 |
155.483,00 |
152.852,00 |
|
|
I. Subscribed capital: |
60.101,00 |
60.101,00 |
60.101,00 |
60.101,00 |
60.101,00 |
|
|
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: |
104.452,00 |
99.437,00 |
95.381,00 |
92.750,00 |
92.416,00 |
|
|
a) Differences for capital adjustment to
euros: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Remaining Reserves: |
104.452,00 |
99.437,00 |
95.381,00 |
92.750,00 |
92.416,00 |
|
|
V. Profit or loss brought forward: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Profit or loss for the financial year: |
82.809,00 |
5.014,00 |
2.028,00 |
2.631,00 |
334,00 |
|
|
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 |
|
|
C)
PROVISIONS FOR LIABILITIES AND CHARGES: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
D)
LONG TERM LIABILITIES: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
E)
SHORT TERM CREDITORS: |
227.788,00 |
49.003,00 |
605.036,00 |
621.332,00 |
456.568,00 |
|
|
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): |
475.150,00 |
213.556,00 |
762.547,00 |
776.815,00 |
609.420,00 |
|
MERCANTILE REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
DEBIT |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
A)
CHARGES (A.1 to A.15): |
1.980.929,00 |
1.311.149,00 |
994.550,00 |
1.152.062,00 |
940.808,00 |
|
|
A.1. Operating consumption: |
1.411.025,00 |
977.135,00 |
721.161,00 |
827.984,00 |
585.990,00 |
|
|
A.2. Staff Costs: |
373.441,00 |
225.991,00 |
195.522,00 |
228.625,00 |
229.520,00 |
|
|
a) Wages, salaries et
al.: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Social security
costs: |
373.441,00 |
225.991,00 |
195.522,00 |
228.625,00 |
229.520,00 |
|
|
A.3. Depreciation expense: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.4. Variation of trade provisions and
losses of unrecovered receivables: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.5. Other operating charges: |
156.225,00 |
98.572,00 |
73.542,00 |
89.215,00 |
122.956,00 |
|
|
A.I. OPERATING BENEFITS (B.1-A.1-A.2-A.3-A.4-A.5): |
122.542,00 |
0,00 |
6.353,00 |
8.687,00 |
2.542,00 |
|
|
A.6. Financial and similar charges: |
12.637,00 |
7.770,00 |
3.786,00 |
5.581,00 |
2.231,00 |
|
|
a) Due to liabilities
with companies of the group: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Due to liabilities
with associated companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Due to other
debts: |
12.637,00 |
7.770,00 |
3.786,00 |
5.581,00 |
2.231,00 |
|
|
d) Losses from
financial investments: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.7. Financial investment provision
change: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.8. Exchange losses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.II. POSITIVE FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8): |
0,00 |
21.781,00 |
0,00 |
0,00 |
0,00 |
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II):
|
109.906,00 |
6.696,00 |
2.567,00 |
3.289,00 |
446,00 |
|
|
A.9. Changes in provisions for intangible,
tangible and securities portfolio: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.10. Losses from tangible and intangible
fixed assets and portfolio: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.11. Losses from transactions with own
shares and debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.12. Extraordinary expenses: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.13. Prior year expenses and losses:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.IV. EXTRAORDINARY PROFIT
(B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13): |
506,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV): |
110.413,00 |
6.696,00 |
2.567,00 |
3.289,00 |
446,00 |
|
|
A.14. Corporation Tax: |
27.603,00 |
1.681,00 |
539,00 |
658,00 |
111,00 |
|
|
A.15. Miscellaneous taxes: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A.VI. FINANCIAL YEAR RESULT (PROFIT) (A.V-A.14-A.15): |
82.809,00 |
5.014,00 |
2.028,00 |
2.631,00 |
334,00 |
|
MERCANTILE REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
CREDIT |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
B)
INCOME ( B.1 to B.8): |
2.063.739,00 |
1.316.164,00 |
996.578,00 |
1.154.693,00 |
941.143,00 |
|
|
B.1. Operating income: |
2.063.232,00 |
1.286.613,00 |
996.578,00 |
1.154.511,00 |
941.008,00 |
|
|
a) Net total sales:
|
2.063.232,00 |
1.286.613,00 |
996.578,00 |
1.154.511,00 |
941.008,00 |
|
|
b) Miscellaneous
operating income: |
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-B.1 ): |
0,00 |
15.085,00 |
0,00 |
0,00 |
0,00 |
|
|
B.2. Financial income: |
1,00 |
0,00 |
0,00 |
182,00 |
0,00 |
|
|
a) Companies of the
group: |
1,00 |
0,00 |
0,00 |
182,00 |
0,00 |
|
|
b) In associated
companies: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Miscellaneous:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
d) Profit on financial
investment: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.3. Exchange gains: |
0,00 |
29.551,00 |
0,00 |
0,00 |
135,00 |
|
|
B.II. NEGATIVE FINANCIAL RESULTS (A.6+A.7+A.8-B.2-B.3): |
12.636,00 |
0,00 |
3.786,00 |
5.399,00 |
2.096,00 |
|
|
B.III. LOSSES ON ORDINARY ACTIVITIES ( B.I + B.II - A.I - A.II
): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.4. Profit on disposal of both tangible and
intangible fixed assets and securities portfolio: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.5. Profit on transactions with own
shares and debentures: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.6. Capital grants transferred to profit
and loss: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.7. Extraordinary income: |
506,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.8. Income and profit of former financial
years: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.IV. NEGATIVE EXTRAORDINARY RESULTS
(A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.V. LOSSES BEFORE TAXES (B.III+B.IV-A.III-A.IV): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.VI. FINANCIAL YEAR RESULTS (LOSSES) (B.V+A.14+A.15): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
MERCANTILE REGISTRY.
CASHFLOW
STATEMENT
Model: Normal
>
Source of information: Data contained in this section is taken from the
information declared in the Annual Accounts submitted to the Trade Register.
|
|
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
1.
Fiscal year result before taxes.: 61100 |
110.413,00 |
6.696,00 |
2.567,00 |
3.289,00 |
446,00 |
|
|
2.
Results adjustments.: 61200 |
12.636,00 |
7.770,00 |
3.786,00 |
5.399,00 |
2.231,00 |
|
|
g) Financial income (-).: 61207 |
-1,00 |
0,00 |
0,00 |
-182,00 |
0,00 |
|
|
h) Financial Expenses (+). : 61208 |
12.637,00 |
7.770,00 |
3.786,00 |
5.581,00 |
2.231,00 |
|
|
3.
Changes in current capital equity.: 61300 |
-212.818,00 |
-137.639,00 |
5.382,00 |
-154.079,00 |
-576.575,00 |
|
|
a) Stock (+/-).: 61301 |
-274.000,00 |
-184.960,00 |
-81.000,00 |
-50.000,00 |
-598.000,00 |
|
|
d) Debtors and other accounts receivable (+/-). : 61302 |
0,00 |
0,00 |
103.217,00 |
-101.186,00 |
-2.031,00 |
|
|
d) Creditors and other accounts payable (+/-). : 61304 |
61.182,00 |
47.321,00 |
-16.835,00 |
-2.894,00 |
23.457,00 |
|
|
4.
Other cash flows for operating activities.: 61400 |
-12.636,00 |
-7.770,00 |
-3.786,00 |
-5.399,00 |
-2.231,00 |
|
|
a) Interest payments (-). : 61401 |
-12.637,00 |
-7.770,00 |
-3.786,00 |
-5.581,00 |
-2.231,00 |
|
|
c) Interest collection (+). : 61403 |
1,00 |
0,00 |
0,00 |
182,00 |
0,00 |
|
|
5.
Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
-102.405,00 |
-130.943,00 |
7.949,00 |
-150.791,00 |
-576.129,00 |
|
|
6.
Payments for investment (-).: 62100 |
0,00 |
0,00 |
0,00 |
0,00 |
-480,00 |
|
|
c) Fixed assets. : 62103 |
0,00 |
0,00 |
0,00 |
0,00 |
-480,00 |
|
|
7.
Divestment payment collection (+). : 62200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
8.
Investment activity cash flows (6 + 7) minus Amortization: 62300 |
0,00 |
0,00 |
0,00 |
0,00 |
-480,00 |
|
|
9.
Payment collection and payments for equity instruments. : 63100 |
0,00 |
159.538,00 |
0,00 |
0,00 |
152.517,00 |
|
|
a) Issuance of equity instruments (+). : 63101 |
0,00 |
159.538,00 |
0,00 |
0,00 |
152.517,00 |
|
|
10.
Payment collection and payments for financial liabilities instruments.:
63200 |
90.000,00 |
0,00 |
0,00 |
167.000,00 |
433.000,00 |
|
|
a) Issuance : 63201 |
90.000,00 |
0,00 |
0,00 |
167.000,00 |
433.000,00 |
|
|
5. Other debts (+). : 63206 |
90.000,00 |
0,00 |
0,00 |
167.000,00 |
433.000,00 |
|
|
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 |
90.000,00 |
159.538,00 |
0,00 |
167.000,00 |
585.517,00 |
|
|
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 |
-12.405,00 |
28.596,00 |
7.949,00 |
16.209,00 |
8.909,00 |
|
|
Cash or equivalent assets as of beginning of the fiscal year.:
65100 |
28.596,00 |
0,00 |
25.118,00 |
8.909,00 |
0,00 |
|
|
Cash or equivalent assets as of end of the fiscal year.:
65200 |
16.190,00 |
28.596,00 |
33.067,00 |
25.118,00 |
8.909,00 |
|
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 |
2013 |
2012 |
Variación 2013 - 2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Cash
Flow over Sales: |
-0,01 % |
0,01 % |
0,02 % |
0,00 % |
-127,05 % |
|
|
|
EBITDA
over Sales: |
5,94 % |
4,39 % |
-1,17 % |
2,62 % |
606,58 % |
67,31 % |
|
|
Cash
Flow Yield: |
-0,03 % |
0,00 % |
0,13 % |
0,00 % |
-119,50 % |
|
|
|
Profitability |
2013 |
2012 |
Variación 2013 - 2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating
economic profitability: |
25,79 % |
1,65 % |
-7,06 % |
0,95 % |
465,11 % |
72,81 % |
|
|
Total
economic profitability: |
25,90 % |
1,50 % |
6,77 % |
1,35 % |
282,30 % |
10,79 % |
|
|
Financial
profitability: |
33,48 % |
0,05 % |
3,05 % |
-0,34 % |
998,57 % |
115,94 % |
|
|
Margin:
|
5,94 % |
1,71 % |
-1,17 % |
1,06 % |
606,58 % |
60,84 % |
|
|
Mark-up:
|
5,33 % |
0,24 % |
0,52 % |
-0,22 % |
923,56 % |
204,93 % |
|
|
Solvency |
2013 |
2012 |
Variación 2013 - 2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity:
|
0,07 |
0,26 |
0,58 |
0,23 |
-87,82 |
10,76 |
|
|
Acid
Test: |
0,07 |
1,10 |
0,58 |
1,07 |
-87,82 |
2,47 |
|
|
Working
Capital / Investment: |
0,52 |
0,21 |
0,77 |
0,21 |
-32,44 |
-3,82 |
|
|
Solvency:
|
2,09 |
1,76 |
4,36 |
1,79 |
-52,14 |
-2,16 |
|
|
Indebtedness |
2013 |
2012 |
Variación 2013 - 2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness
level: |
0,92 |
1,03 |
0,30 |
1,08 |
209,23 |
-4,41 |
|
|
Borrowing
Composition: |
0,00 |
0,73 |
0,00 |
0,80 |
|
-8,29 |
|
|
Repayment
Ability: |
-18,36 |
103,97 |
1,71 |
-1.451,83 |
-1.171,54 |
107,16 |
|
|
Warranty:
|
2,09 |
1,98 |
4,36 |
1,93 |
-52,14 |
2,20 |
|
|
Generated
resources / Total creditors: |
0,36 |
0,06 |
0,10 |
0,04 |
255,26 |
25,42 |
|
|
Efficiency |
2013 |
2012 |
Variación 2013 - 2012 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity:
|
1,33 |
1,20 |
0,93 |
1,11 |
42,31 |
8,39 |
|
|
Turnover
of Collection Rights : |
|
4,36 |
|
4,25 |
|
2,73 |
|
|
Turnover
of Payment Entitlements: |
11,37 |
2,92 |
21,95 |
2,76 |
-48,19 |
6,00 |
|
|
Stock
rotation: |
4,23 |
4,21 |
7,04 |
3,66 |
-39,92 |
14,90 |
|
|
Assets
turnover: |
4,34 |
0,96 |
6,02 |
0,90 |
-27,93 |
7,44 |
|
|
Borrowing
Cost: |
5,55 |
2,14 |
15,86 |
2,43 |
-65,02 |
-11,83 |
|
>
Trend of indicators under the General Accounting Plan of 2007 (2013, 2012,
2010, 2009, 2008)
|
Cash
Flow |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
Cash
Flow over Sales: |
-0,01 % |
0,02 % |
0,01 % |
0,01 % |
0,95 % |
|
|
EBITDA
over Sales: |
5,94 % |
-1,17 % |
0,64 % |
0,75 % |
0,27 % |
|
|
Cash
Flow Yield: |
-0,03 % |
0,13 % |
0,01 % |
0,02 % |
1,46 % |
|
|
Profitability |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
Operating
economic profitability: |
25,79 % |
-7,06 % |
0,83 % |
1,12 % |
0,42 % |
|
|
Total
economic profitability: |
25,90 % |
6,77 % |
0,83 % |
1,14 % |
0,44 % |
|
|
Financial
profitability: |
33,48 % |
3,05 % |
1,29 % |
1,69 % |
0,22 % |
|
|
Margin:
|
5,94 % |
-1,17 % |
0,64 % |
0,75 % |
0,27 % |
|
|
Mark-up:
|
5,33 % |
0,52 % |
0,26 % |
0,28 % |
0,05 % |
|
|
Solvency |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
Liquidity:
|
0,07 |
0,58 |
0,05 |
0,04 |
0,02 |
|
|
Acid
Test: |
0,07 |
0,58 |
0,05 |
0,21 |
0,02 |
|
|
Working
Capital / Investment: |
0,52 |
0,77 |
0,21 |
0,20 |
0,25 |
|
|
Solvency:
|
2,09 |
4,36 |
1,26 |
1,25 |
1,33 |
|
|
Indebtedness |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
Indebtedness
level: |
0,92 |
0,30 |
3,84 |
4,00 |
2,99 |
|
|
Borrowing
Composition: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
Repayment
Ability: |
-18,36 |
1,71 |
76,12 |
38,33 |
170,56 |
|
|
Warranty:
|
2,09 |
4,36 |
1,26 |
1,25 |
1,33 |
|
|
Generated
resources / Total creditors: |
0,36 |
0,10 |
0,00 |
0,00 |
0,00 |
|
|
Efficiency |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
Productivity:
|
1,33 |
0,93 |
1,03 |
1,04 |
1,01 |
|
|
Turnover
of Collection Rights : |
|
|
|
11,19 |
463,22 |
|
|
Turnover
of Payment Entitlements: |
11,37 |
21,95 |
157,79 |
43,00 |
30,08 |
|
|
Stock
rotation: |
4,23 |
7,04 |
1,36 |
1,77 |
1,57 |
|
|
Assets
turnover: |
4,34 |
6,02 |
1,31 |
1,49 |
1,54 |
|
|
Borrowing
Cost: |
5,55 |
15,86 |
0,63 |
0,90 |
0,49 |
|
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.
Sources
|
Registry of Commerce's Official Gazette. Own and external data bases
Company References |
DIAMOND
INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
UK Pound |
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.