|
|
|
MIRA INFORM REPORT
|
Report No. : |
501305 |
|
Report Date : |
11.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAVOY HOUSE EUROPE SL |
|
|
|
|
Registered Office : |
Autovia Ademuz Salida 15, Km Pol. J21 Parcelas. - Pobla De Vallbona
(La) - 46185 - Valencia |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2017 |
|
|
|
|
Date of Incorporation : |
07.01.2004 |
|
|
|
|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
Subject is engaged in the manufacture, marketing, distribution and
sale of lamps and lightning equipment. |
|
|
|
|
No. of Employees : |
9 [2016] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Spain |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SPAIN - ECONOMIC OVERVIEW
After a prolonged recession that began in 2008 in the wake of the global financial crisis, Spain marked the fourth full year of positive economic growth in 2017, with economic activity surpassing its pre-crisis peak, largely because of increased private consumption. The financial crisis of 2008 broke 16 consecutive years of economic growth for Spain, leading to an economic contraction that lasted until late 2013. In that year, the government successfully shored up its struggling banking sector - heavily exposed to the collapse of Spain’s real estate boom - with the help of an EU-funded restructuring and recapitalization program.
Until 2014, contraction in bank lending, fiscal austerity, and high unemployment constrained 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 16.4% in 2017. 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 about 3.3% of GDP in 2017. Public debt has increased substantially – from 60.1% of GDP in 2010 to nearly 96.7% in 2017.
Strong export growth helped bring Spain's current account into surplus in 2013 for the first time since 1986 and sustain Spain’s economic growth. Increasing labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have improved Spain’s export competitiveness and generated foreign investor interest in the economy, restoring FDI flows.
In 2017, the Spanish Government’s minority status constrained its ability to implement controversial labor, pension, health care, tax, and education reforms. The European Commission expects the government to meet its 2017 budget deficit target and anticipates that expected economic growth in 2018 will help the government meet its deficit target. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and increased economic activity has generated a modest level of inflation, at 2% in 2017.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
|
|
|
|
Name: |
SAVOY HOUSE EUROPE SL |
|
NIF / Fiscal code: |
B97412035 |
|
Trade Name |
SAVOY HOUSE EUROPE SL |
|
Status: |
ACTIVE |
|
Incorporation Date: |
07/01/2004 |
|
Register Data |
Register Section 8 Sheet 95427 |
|
Last Publication in BORME: |
30/01/2009 [Annual accounts' deposit] |
|
Last Published Account Deposit: |
2017 |
|
Share Capital: |
300.000 |
|
|
|
|
Localization: |
AUTOVIA ADEMUZ SALIDA 15, KM POL. J21 PARCELAS. - POBLA
DE VALLBONA (LA) - 46185 - VALENCIA |
|
Telephone - Fax - Email - Website: |
Telephone. 962 761 262 Email. info@savoyeurope.com
Website. www.savoyhouseeurope.com |
|
Number of Branches |
1 |
|
|
|
|
Activity: |
|
|
NACE: |
4647 - Wholesale of furniture, carpets and lighting
equipment |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
No |
|
Tenders and Awards: |
|
|
Subsidies: |
0 for a total cost of 0 |
|
Quality Certificate: |
No |
|
|
|
|
Payment Behaviour: |
Slow |
|
Prospects: |
Consolidation |
|
Industry situation: |
Maturity |
|
|
|
|
Defaults, Legal Claims and Insolvency Proceedings : |
|
|
|
|
|
|
|
Number |
Amount (€) |
Most Recent Entry |
|
Insolvency Proceedings, Bankruptcy and Suspension of
Payments |
|
Unpublished |
--- |
--- |
|
Defaults on debt with Financial Institutions and Large
Companies |
|
None |
--- |
--- |
|
Judicial Claims (Notices, Executive Proceedings,
Attachments, Auctions, Bad Debt) |
|
None |
0 |
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
0 |
--- |
|
Proceedings heard by the Labour Court |
|
Unpublished |
0 |
--- |
|
|
|
Partners: |
|
|
|
Shares: |
0 |
|
|
Other Links: |
0 |
|
|
No. of Active Corporate Bodies: |
|
|
|
Ratios |
2017 |
2016 |
Change |
|
|
Nş of employees: |
|
9 |
|
|
|
|
|
|
Guarantees: |
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources NO, Guarantees NO |
|
|
|
|
|
|
|
INVESTIGATION SUMMARY |
|
|
The subject was incorporated in January 2004, with a
Shareholder Equity that amounted to Euro 300,000 Distribution and wholesale
trade of lightning equipment. |
|
|
Interviewed Person: |
|
Enquiry
Details
|
|
Identification |
|
|
Social Denomination: |
SAVOY HOUSE EUROPE SL |
|
Trade Name: |
SAVOY HOUSE EUROPE SL |
|
NIF / Fiscal code: |
B97412035 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
07-01-2004 |
|
Registered Office: |
AUTOVIA ADEMUZ SALIDA 15, KM POL. J21 PARCELAS. |
|
Locality: |
POBLA DE VALLBONA (LA) |
|
Province: |
VALENCIA |
|
Postal Code: |
46185 |
|
Telephone: |
962 761 262 |
|
Fax: |
962 761 092 |
|
Website: |
www.savoyhouseeurope.com |
|
Email: |
info@savoyeurope.com |
|
Interviewed Person: |
Administration (few details) |
Branch
Offices
|
|
|
|
|
|
Address |
Postal Code |
City |
Province |
|
CARRETERA VALENCIA-ADEMUZ 21 KM 21 POL J 21 P 91 |
46185 |
POBLA DE VALLBONA (LA) |
VALENCIA |
Activity
|
|
|
NACE: |
4647 |
|
Corporate Purpose: |
The subject is engaged in the manufacture, marketing,
distribution and sale of lamps and lightning equipment. |
|
Additional Information: |
Distribution and wholesale trade of lightning equipment.
Ceiling and floor lamps, bathroom lights, etc. |
|
Additional Address: |
Registered Office, offices and premises located at the
premises. |
|
Franchise: |
No |
|
Import / export: |
DOES NOT IMPORT / DOES NOT EXPORT |
|
Future Perspective: |
Consolidation |
|
Industry situation: |
Maturity |
Number
of Employees
|
|
|
|
|
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
|
2016 |
9 |
|
|
|
The
data of employees is from the latest available financial statements in. Failing
that, are estimates data calculated by statistical methods
Chronological
Summary
|
|||
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|
Year |
Act |
|
|
|
2004 |
Appointments/ Re-elections (2) Company Formation (1) |
|
|
|
2005 |
Increase of Capital (1) |
|
|
|
2006 |
Accounts deposit (year 2004, 2005, 2006) |
|
|
|
2009 |
Accounts deposit (year 2007) |
|
|
|
2012 |
Accounts deposit (year 2008) |
|
|
|
2013 |
Accounts deposit (year 2010, 2011, 2012) |
|
|
|
2014 |
Accounts deposit (year 2013) |
|
|
|
2015 |
Accounts deposit (year 2014) |
|
|
|
2016 |
Accounts deposit (year 2015) |
|
|
|
2017 |
Accounts deposit (year 2016) |
|
|
|
2018 |
Accounts deposit (year 2017) |
|
Breakdown
of Owners' Equity
|
|
|
Registered Capital: |
300.000 |
|
Paid up capital: |
300.000 |
Updated
Evolution of the Subscribed and Paid-in Capital
|
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|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
26/03/2004 |
Company Formation |
150.000 |
150.000 |
150.000 |
150.000 |
|
08/04/2005 |
Increase of Capital |
150.000 |
150.000 |
300.000 |
300.000 |
Founding
Partners
|
|
|
|
|
|
|
Partner Name |
NIF |
% Shareholding stake |
|
|
|
PROGRESIVE LIGTING USA |
|
|
|
Active
Social Bodies
|
|
|
|
|
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
|
PRESIDENT |
MARTINEZ SERRANO FEDERICO |
26/03/2004 |
2 |
|
VICE CHAIRMAN |
LEE FRED |
26/03/2004 |
2 |
|
MEMBER OF THE BOARD |
ALBIŃANA BENGOECHEA FRANCISCO |
26/03/2004 |
2 |
|
|
MARTINEZ SERRANO FEDERICO |
26/03/2004 |
2 |
|
PROXY |
ALBIŃANA BENGOECHEA FRANCISCO |
26/03/2004 |
2 |
|
SECRETARY |
LEE TROY |
26/03/2004 |
2 |
|
VICE SECRETARY |
TRENOR GALINDO RAMON |
26/03/2004 |
1 |
|
|
DE SAN PIO ALADREN JOSE LUIS |
26/03/2004 |
1 |
Historical
Social Bodies
|
|
|
|
|
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
LEE FRED |
MEMBER OF THE BOARD |
26/03/2004 |
2 |
|
LEE TROY |
MEMBER OF THE BOARD |
26/03/2004 |
2 |
|
||
|
|
|
|
|
Post |
NIF |
Name |
|
PRESIDENTE/ CONSEJERO |
|
FEDERICO MARTINEZ SERRANO |
|
CONSEJERO |
|
FRED LEE |
|
CONSEJERO |
|
FRANCISCO ALBIŃANA BENGOECHEA |
|
SECRETARIO |
|
TROY LEE |
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. The current debt represents a 28.68of the financial
structure. In principle, a decrease in this ratio would indicate an
improvement in the short-term financial situation. High financial profitability. Net return from the
company's main activity performed using its own equity is high. This income
return has decreased in comparison with the previous financial year. |
SAVOY HOUSE EUROPE 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. No Company's subsidiaries or branches are known. Although it is in a new stage of Consolidationit is
part of a group distinguished by a downturn in the market. Private consumption continues to have, in spite of some
signs of improvement, very low rates , thus showing great weakness. |
TREND
OF SCORING
|
|
|
|
|
>
Latest Scoring Changes :
|
Scoring |
Evolution |
Date |
Event |
|
|
Neutral |
02/02/18 |
Updating of financial statements. |
|
Neutral |
17/01/18 |
Revision of the scoring due to modifications in
activity consideration |
|
|
Positive |
08/03/17 |
Updating of financial statements. |
|
|
Neutral |
10/01/17 |
Updating of information related to subsidies or other
public aid. |
The
information contained in the latest annual statements has led to a Scoring
review for the company.
Probability of default
|
|
|
|
|
>
Estimated Probability of Default for the next 12 months: 1.526 %
|
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 85.00% of the companies of the
sector SAVOY HOUSE EUROPE SL 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 1,526%.
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 |
|
|
|
|
|
|
|
|
||
|
|
|
Not published |
|
|
|
|
Not published |
|
|
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||
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|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
Not published |
|
|
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|
Not published |
|
|
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|
||
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|
|
Not published |
|
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|
Not published |
|
|
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||
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|
|
Not published |
|
Guarantees
|
|
References |
|
|
|
|
Turnover
|
|
|
Total Sales 2017 |
975.423,46 |
The
sales data is from the latest available financial statements in. Failing that,
are estimates data calculated by statistical methods.
Estimated
Balance
|
|
Micro company which has a good Liquidity Ratio (3,04/1)
due to the high amount of stocks,a ccording to the 2017 Balance Sheet. The
Treasury Ratio, however, is very tight (0,47/1). The Solvency Ratio is
correct 2,2/1. |
Financial
Accounts and Balance Sheets
|
|
|
|
|
Financial
Years Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2017 |
Normales |
January 2018 |
|
2016 |
Normales |
January 2017 |
|
2015 |
Normales |
January 2016 |
|
2014 |
Normales |
January 2015 |
|
2013 |
Normales |
April 2014 |
|
2012 |
Normales |
September 2013 |
|
2011 |
Normales |
September 2013 |
|
2010 |
Normales |
September 2013 |
|
2008 |
Normales |
February 2012 |
|
2007 |
Normales |
January 2009 |
|
2006 |
Normales |
November 2006 |
|
2006 |
Normales |
April 2008 |
|
2005 |
Normales |
December 2005 |
|
2004 |
Normales |
December 2005 |
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 31/03/2017
>
Balance en formato Pyme de acuerdo al Nuevo Plan General Contable 2007
Information
corresponding to the fiscal year
2017 2016 2015 2014 2013 is taken from information
submitted to the TRADE REGISTER. Data corresponding to fiscal years before
2017 2016 2015 2014 2013 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 |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
A) NON-CURRENT ASSETS: 11000 |
148.185,00 |
165.327,00 |
178.045,00 |
159.430,00 |
165.613,00 |
|
|
I. Intangible fixed assets :
11100 |
0,00 |
0,00 |
0,00 |
0,00 |
2.272,00 |
|
|
II. Tangible fixed assets :
11200 |
57.457,00 |
60.947,00 |
64.859,00 |
69.741,00 |
73.463,00 |
|
|
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 |
90.728,00 |
104.380,00 |
113.186,00 |
89.689,00 |
89.878,00 |
|
|
VII. Non-current trade debtors :
11700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) CURRENT ASSETS: 12000 |
1.001.059,00 |
976.517,00 |
1.080.067,00 |
985.658,00 |
1.011.660,00 |
|
|
I. Stocks : 12200 |
846.767,00 |
866.877,00 |
985.944,00 |
809.760,00 |
891.511,00 |
|
|
II. Trade debtors and others
receivable accounts : 12300 |
53.854,00 |
53.899,00 |
76.091,00 |
129.707,00 |
91.879,00 |
|
|
1. Trade
debtors / accounts receivable: 12380 |
40.271,00 |
32.706,00 |
29.833,00 |
86.539,00 |
50.207,00 |
|
|
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 |
40.271,00 |
32.706,00 |
29.833,00 |
86.539,00 |
50.207,00 |
|
|
2. Called up
share capital: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other
accounts receivable : 12390 |
13.583,00 |
21.193,00 |
46.258,00 |
43.168,00 |
41.672,00 |
|
|
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 |
96,00 |
-1.124,00 |
1.250,00 |
|
|
V. Short-term accruals : 12600 |
2.227,00 |
2.153,00 |
2.781,00 |
3.319,00 |
3.044,00 |
|
|
VI. Cash and other equivalent
liquid assets : 12700 |
98.210,00 |
53.589,00 |
15.154,00 |
43.995,00 |
23.976,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
1.149.244,00 |
1.141.844,00 |
1.258.112,00 |
1.145.088,00 |
1.177.273,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and Net Worth |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
A) NET WORTH: 20000 |
629.790,00 |
588.832,00 |
562.414,00 |
632.905,00 |
629.880,00 |
|
|
A-1) Shareholders' equity: 21000 |
629.790,00 |
588.832,00 |
562.414,00 |
632.905,00 |
629.880,00 |
|
|
I. Capital: 21100 |
300.000,00 |
300.000,00 |
300.000,00 |
300.000,00 |
300.000,00 |
|
|
1. Registered
capital : 21110 |
300.000,00 |
300.000,00 |
300.000,00 |
300.000,00 |
300.000,00 |
|
|
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 |
332.905,00 |
332.905,00 |
332.905,00 |
329.880,00 |
307.283,00 |
|
|
1.
Capitalisation Reserves: 21350 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Otras
Reservas: 21360 |
332.905,00 |
332.905,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. (Common stock equity):
21400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward:
21500 |
-44.073,00 |
-70.491,00 |
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 |
40.958,00 |
26.418,00 |
-70.491,00 |
3.025,00 |
22.597,00 |
|
|
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 |
189.877,00 |
207.532,00 |
205.330,00 |
202.615,00 |
199.654,00 |
|
|
I. Long-term provisions:
31100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors :
31200 |
189.877,00 |
207.532,00 |
205.330,00 |
202.615,00 |
199.654,00 |
|
|
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 |
189.877,00 |
207.532,00 |
205.330,00 |
202.615,00 |
199.654,00 |
|
|
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 |
329.577,00 |
345.480,00 |
490.368,00 |
309.568,00 |
347.740,00 |
|
|
I. Short-term provisions:
32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term creditors :
32300 |
106.910,00 |
96.798,00 |
343.896,00 |
155.681,00 |
177.830,00 |
|
|
1. Amounts
owed to credit institutions: 32320 |
106.910,00 |
96.798,00 |
282.254,00 |
155.681,00 |
169.404,00 |
|
|
2. Creditors
from financial leasing : 32330 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other short-term
creditors : 32390 |
0,00 |
0,00 |
61.642,00 |
0,00 |
8.426,00 |
|
|
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 |
222.667,00 |
248.682,00 |
146.471,00 |
153.887,00 |
169.910,00 |
|
|
1. Suppliers:
32580 |
30.009,00 |
28.172,00 |
119.532,00 |
72.247,00 |
70.921,00 |
|
|
a) Long-term debts : 32581 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Short-term debts : 32582 |
30.009,00 |
28.172,00 |
119.532,00 |
72.247,00 |
70.921,00 |
|
|
2. Other
creditors: 32590 |
192.658,00 |
220.510,00 |
26.939,00 |
81.640,00 |
98.989,00 |
|
|
V. Short-term accruals :
32600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Special short-term debts :
32700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) :
30000 |
1.149.244,00 |
1.141.844,00 |
1.258.112,00 |
1.145.088,00 |
1.177.273,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and Loss |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
1. Net turnover: 40100 |
975.423,00 |
959.301,00 |
797.352,00 |
1.094.985,00 |
1.101.695,00 |
|
|
2. Changes in stocks of finished
goods and work in progress: 40200 |
810.021,00 |
0,00 |
162.614,00 |
797.767,00 |
887.713,00 |
|
|
3. Works carried out by the
company for its assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-1.160.337,00 |
-301.859,00 |
-415.682,00 |
-1.188.379,00 |
-1.221.631,00 |
|
|
5. Other operating income: 40500 |
27.431,00 |
32.056,00 |
52.566,00 |
56.001,00 |
20.626,00 |
|
|
6. Personnel costs: 40600 |
-255.150,00 |
-251.485,00 |
-244.709,00 |
-309.513,00 |
-315.687,00 |
|
|
7. Other operating costs:
40700 |
-313.366,00 |
-344.898,00 |
-378.444,00 |
-426.652,00 |
-437.863,00 |
|
|
8. Amortisation of fixed assets:
40800 |
-4.498,00 |
-4.667,00 |
-4.937,00 |
-6.799,00 |
-10.892,00 |
|
|
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 |
-3.215,00 |
-36.123,00 |
208,00 |
177,00 |
1.326,00 |
|
|
A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9
+ 10 + 11 + 12) : 49100 |
76.309,00 |
52.324,00 |
-31.033,00 |
17.586,00 |
25.286,00 |
|
|
13. Financial income : 41400 |
0,00 |
1.533,00 |
877,00 |
726,00 |
41.187,00 |
|
|
a) Allocation
of financial subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other
financial income: 41490 |
0,00 |
1.533,00 |
877,00 |
726,00 |
41.187,00 |
|
|
14. Financial expenditure :
41500 |
-7.645,00 |
-11.877,00 |
-13.834,00 |
-11.176,00 |
-15.817,00 |
|
|
15. Changes in fair value of financial
instruments : 41600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
16. Exchange rate differences:
41700 |
-14.054,00 |
-6.757,00 |
-49.998,00 |
-3.355,00 |
-22.410,00 |
|
|
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 |
-21.698,00 |
-17.100,00 |
-62.955,00 |
-13.806,00 |
2.960,00 |
|
|
C) NET RESULT BEFORE TAXES ( A + B ) : 49300 |
54.611,00 |
35.224,00 |
-93.988,00 |
3.781,00 |
28.246,00 |
|
|
19. Income taxes : 41900 |
-13.653,00 |
-8.806,00 |
23.497,00 |
-756,00 |
-5.649,00 |
|
|
D) RESULT OF THE PERIOD ( C + 19 ) : 49500 |
40.958,00 |
26.418,00 |
-70.491,00 |
3.025,00 |
22.597,00 |
|
>
Normal Balance Sheet under the rules of the 1990 General Accounting Plan
(repealed since 1st January of 2008)
Information
corresponding to the fiscal year
2017 2016 2015 2014 2013 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, created such
criteria using its own methodology. To view details on the methodology
2017 2016 2015 2014 2013 is taken from information
submitted to the TRADE REGISTER.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
ASSETS |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
A) SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED
CAPITAL: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) FIXED ASSETS: |
57.457,00 |
60.947,00 |
64.859,00 |
69.741,00 |
75.735,00 |
|
|
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 |
2.272,00 |
|
|
III. Tangible fixed assets: |
57.457,00 |
60.947,00 |
64.859,00 |
69.741,00 |
73.463,00 |
|
|
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: |
1.091.787,00 |
1.080.897,00 |
1.193.253,00 |
1.075.347,00 |
1.101.538,00 |
|
|
I. Called-up share capital (not
paid): |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Stocks: |
846.767,00 |
866.877,00 |
985.944,00 |
809.760,00 |
891.511,00 |
|
|
III. Debtors: |
144.582,00 |
158.279,00 |
189.277,00 |
219.396,00 |
181.758,00 |
|
|
IV. Short-term investments: |
0,00 |
0,00 |
96,00 |
-1.124,00 |
1.250,00 |
|
|
V. Short-term treasury shares:
|
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash at bank and in hand:
|
98.210,00 |
53.589,00 |
15.154,00 |
43.995,00 |
23.976,00 |
|
|
VII. Prepayments and accrued
income: |
2.227,00 |
2.153,00 |
2.781,00 |
3.319,00 |
3.044,00 |
|
|
GENERAL TOTAL (A + B + C + D): |
1.149.244,00 |
1.141.844,00 |
1.258.112,00 |
1.145.088,00 |
1.177.273,00 |
|
MERCANTILE
REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
LIABILITIES |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
A) EQUITY: |
629.790,00 |
588.832,00 |
562.414,00 |
632.905,00 |
629.880,00 |
|
|
I. Subscribed capital: |
300.000,00 |
300.000,00 |
300.000,00 |
300.000,00 |
300.000,00 |
|
|
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: |
332.905,00 |
332.905,00 |
332.905,00 |
329.880,00 |
307.283,00 |
|
|
a)
Differences for capital adjustment to euros: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Remaining
Reserves: |
332.905,00 |
332.905,00 |
332.905,00 |
329.880,00 |
307.283,00 |
|
|
V. Profit or loss brought forward:
|
-44.073,00 |
-70.491,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Profit or loss for the
financial year: |
40.958,00 |
26.418,00 |
-70.491,00 |
3.025,00 |
22.597,00 |
|
|
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: |
189.877,00 |
207.532,00 |
205.330,00 |
202.615,00 |
199.654,00 |
|
|
E) SHORT TERM CREDITORS: |
329.577,00 |
345.480,00 |
490.368,00 |
309.568,00 |
347.740,00 |
|
|
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): |
1.149.244,00 |
1.141.844,00 |
1.258.112,00 |
1.145.088,00 |
1.177.273,00 |
|
MERCANTILE
REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
DEBIT |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
A) CHARGES (A.1 to A.15): |
961.896,00 |
966.472,00 |
921.493,00 |
1.148.864,00 |
1.142.236,00 |
|
|
A.1.
Operating consumption: |
350.316,00 |
301.859,00 |
253.068,00 |
390.612,00 |
333.918,00 |
|
|
A.2. Staff Costs:
|
255.150,00 |
251.485,00 |
244.709,00 |
309.513,00 |
315.687,00 |
|
|
a) Wages, salaries et al.: |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Social security costs: |
255.150,00 |
251.485,00 |
244.709,00 |
309.513,00 |
315.687,00 |
|
|
A.3.
Depreciation expense: |
4.498,00 |
4.667,00 |
4.937,00 |
6.799,00 |
10.892,00 |
|
|
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: |
313.366,00 |
344.898,00 |
378.444,00 |
426.652,00 |
437.863,00 |
|
|
A.I. OPERATING BENEFITS
(B.1-A.1-A.2-A.3-A.4-A.5): |
79.524,00 |
88.447,00 |
0,00 |
17.409,00 |
23.961,00 |
|
|
A.6.
Financial and similar charges: |
7.645,00 |
11.877,00 |
13.834,00 |
11.176,00 |
15.817,00 |
|
|
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: |
7.645,00 |
11.877,00 |
13.834,00 |
11.176,00 |
15.817,00 |
|
|
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: |
14.054,00 |
6.757,00 |
49.998,00 |
3.355,00 |
22.410,00 |
|
|
A.II. POSITIVE FINANCIAL RESULTS
(B.2+B.3-A.6-A.7-A.8): |
0,00 |
0,00 |
0,00 |
0,00 |
2.960,00 |
|
|
A.III. PROFIT FROM ORDINARY
ACTIVITIES (A.I+A.II-B.I-B.II): |
57.825,00 |
71.347,00 |
0,00 |
3.604,00 |
26.921,00 |
|
|
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: |
3.215,00 |
36.123,00 |
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):
|
0,00 |
0,00 |
208,00 |
177,00 |
1.326,00 |
|
|
A.V. PROFIT BEFORE TAXES
(A.III+A.IV-B.III-B.IV): |
54.611,00 |
35.224,00 |
0,00 |
3.781,00 |
28.246,00 |
|
|
A.14. Corporation
Tax: |
13.653,00 |
8.806,00 |
-23.497,00 |
756,00 |
5.649,00 |
|
|
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): |
40.958,00 |
26.418,00 |
0,00 |
3.025,00 |
22.597,00 |
|
MERCANTILE
REGISTRY.
|
|
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
EQUIVALENCIA |
|
|
CREDIT |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
B) INCOME ( B.1 to B.8): |
1.002.854,00 |
992.890,00 |
851.002,00 |
1.151.888,00 |
1.164.833,00 |
|
|
B.1.
Operating income: |
1.002.854,00 |
991.357,00 |
849.918,00 |
1.150.986,00 |
1.122.321,00 |
|
|
a) Net total sales: |
975.423,00 |
959.301,00 |
797.352,00 |
1.094.985,00 |
1.101.695,00 |
|
|
b) Miscellaneous operating income: |
27.431,00 |
32.056,00 |
52.566,00 |
56.001,00 |
20.626,00 |
|
|
B.I. PÉRDIDAS DE EXPLOTACIÓN
(A.1+A.2+A.3+A.4+A.5-B.1 ): |
0,00 |
0,00 |
31.240,00 |
0,00 |
0,00 |
|
|
B.2.
Financial income: |
0,00 |
1.533,00 |
877,00 |
726,00 |
41.187,00 |
|
|
a) Companies of the group: |
0,00 |
1.533,00 |
877,00 |
726,00 |
41.187,00 |
|
|
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 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B.II. NEGATIVE FINANCIAL RESULTS
(A.6+A.7+A.8-B.2-B.3): |
21.698,00 |
17.100,00 |
62.955,00 |
13.806,00 |
0,00 |
|
|
B.III. LOSSES ON ORDINARY
ACTIVITIES ( B.I + B.II - A.I - A.II ): |
0,00 |
0,00 |
94.195,00 |
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: |
0,00 |
0,00 |
208,00 |
177,00 |
1.326,00 |
|
|
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): |
3.215,00 |
36.123,00 |
0,00 |
0,00 |
0,00 |
|
|
B.V. LOSSES BEFORE TAXES
(B.III+B.IV-A.III-A.IV): |
0,00 |
0,00 |
93.988,00 |
0,00 |
0,00 |
|
|
B.VI. FINANCIAL YEAR RESULTS
(LOSSES) (B.V+A.14+A.15): |
0,00 |
0,00 |
70.491,00 |
0,00 |
0,00 |
|
MERCANTILE
REGISTRY.
CASHFLOW
STATEMENT
|
|
|
|
|
Model:
Normal
|
Net Rights Granted |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
1. Fiscal year result before taxes.: 61100 |
54.611,00 |
35.224,00 |
-93.988,00 |
3.781,00 |
28.246,00 |
|
|
2. Results adjustments.: 61200 |
12.142,00 |
15.010,00 |
17.894,00 |
17.250,00 |
-14.478,00 |
|
|
a) Fixed Assets Amortization (+).:
61201 |
4.498,00 |
4.667,00 |
4.937,00 |
6.799,00 |
10.892,00 |
|
|
g) Financial income (-).:
61207 |
0,00 |
-1.533,00 |
-877,00 |
-726,00 |
-41.187,00 |
|
|
h) Financial Expenses (+). :
61208 |
7.645,00 |
11.877,00 |
13.834,00 |
11.176,00 |
15.817,00 |
|
|
3. Changes in current capital equity.: 61300 |
-19.588,00 |
235.390,00 |
-107.169,00 |
29.243,00 |
-84.674,00 |
|
|
a) Stock (+/-).: 61301 |
20.110,00 |
119.067,00 |
-176.184,00 |
81.751,00 |
30.966,00 |
|
|
d) Debtors and other accounts
receivable (+/-). : 61302 |
45,00 |
22.192,00 |
53.616,00 |
-37.827,00 |
17.324,00 |
|
|
c) Other current assets (+/-). :
61303 |
-75,00 |
725,00 |
-683,00 |
2.098,00 |
218,00 |
|
|
d) Creditors and other accounts
payable (+/-). : 61304 |
-39.668,00 |
93.405,00 |
16.082,00 |
-16.779,00 |
-133.182,00 |
|
|
4. Cash Flows from Other Operating Activities:
61400 |
-7.645,00 |
-10.343,00 |
-12.957,00 |
-10.451,00 |
25.370,00 |
|
|
a) Interest payments (-). :
61401 |
-7.645,00 |
-11.877,00 |
-13.834,00 |
-11.176,00 |
-15.817,00 |
|
|
c) Interest collection (+). :
61403 |
0,00 |
1.533,00 |
877,00 |
726,00 |
41.187,00 |
|
|
5. Cash Flows from Operating Activities (1 + 2 + 3 + 4)
: 61500 |
39.520,00 |
275.281,00 |
-196.220,00 |
39.822,00 |
-45.535,00 |
|
|
6. Payments for investment (-).: 62100 |
0,00 |
0,00 |
-23.497,00 |
0,00 |
0,00 |
|
|
h) Other assets. : 62108 |
0,00 |
0,00 |
-23.497,00 |
0,00 |
0,00 |
|
|
7. Divestment payment collection (+). : 62200 |
17.142,00 |
12.718,00 |
4.882,00 |
6.183,00 |
10.445,00 |
|
|
b) Intangible fixed assets. :
62202 |
0,00 |
0,00 |
0,00 |
2.272,00 |
2.272,00 |
|
|
c) Fixed assets. : 62203 |
3.489,00 |
3.912,00 |
4.882,00 |
3.722,00 |
6.760,00 |
|
|
h) Other assets. : 62208 |
13.653,00 |
8.806,00 |
0,00 |
189,00 |
1.412,00 |
|
|
8. Cash Flow from Investing Activities (6+7) less
Amortization: 62300 |
12.644,00 |
8.051,00 |
-23.552,00 |
-616,00 |
-448,00 |
|
|
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 |
-7.543,00 |
-244.896,00 |
190.931,00 |
-19.187,00 |
16.821,00 |
|
|
a) Issuance : 63201 |
10.112,00 |
2.202,00 |
190.931,00 |
2.962,00 |
16.821,00 |
|
|
2. Debts incurred with credit
institutions (+). : 63203 |
10.112,00 |
0,00 |
126.573,00 |
0,00 |
7.439,00 |
|
|
5. Other debts (+). : 63206 |
0,00 |
2.202,00 |
64.358,00 |
2.962,00 |
9.382,00 |
|
|
b) Repayment and amortization of :
63207 |
-17.655,00 |
-247.098,00 |
0,00 |
-22.149,00 |
0,00 |
|
|
2. Debts incurred with credit
institutions (-).: 63209 |
0,00 |
-185.456,00 |
0,00 |
-13.723,00 |
0,00 |
|
|
5. Other debts (-). : 63212 |
-17.655,00 |
-61.642,00 |
0,00 |
-8.426,00 |
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 from Financing Activities (9+10+11):
63400 |
-7.543,00 |
-244.896,00 |
190.931,00 |
-19.187,00 |
16.821,00 |
|
|
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 |
44.621,00 |
38.435,00 |
-28.842,00 |
20.020,00 |
-29.161,00 |
|
|
Cash or equivalent assets as of
beginning of the fiscal year.: 65100 |
53.589,00 |
15.154,00 |
43.995,00 |
23.976,00 |
53.137,00 |
|
|
Cash or equivalent assets as of
end of the fiscal year.: 65200 |
98.210,00 |
53.589,00 |
15.154,00 |
43.995,00 |
23.976,00 |
|
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 |
2017 |
2016 |
Variación 2017 - 2016 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Cash Flow over Sales: |
0,05 % |
0,10 % |
0,04 % |
0,01 % |
14,18 % |
660,60 % |
|
|
Net Financial Debt: |
2,36 |
2,68 |
2,69 |
1,83 |
-12,23 |
46,93 |
|
|
Cash Flow Yield: |
0,04 % |
0,07 % |
0,03 % |
0,01 % |
15,35 % |
620,93 % |
|
|
EBITDA over Sales: |
8,61 % |
5,68 % |
9,71 % |
6,68 % |
-11,26 % |
-15,06 % |
|
|
Profitability |
2017 |
2016 |
Variación 2017 - 2016 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
6,92 % |
4,42 % |
7,75 % |
4,39 % |
-10,67 % |
0,72 % |
|
|
Total economic profitability: |
5,42 % |
4,03 % |
4,12 % |
4,44 % |
31,32 % |
-9,41 % |
|
|
Financial profitability: |
6,50 % |
4,92 % |
4,49 % |
5,55 % |
44,96 % |
-11,33 % |
|
|
Margin: |
7,93 % |
4,54 % |
8,92 % |
4,45 % |
-11,12 % |
2,11 % |
|
|
Mark-up: |
5,77 % |
4,48 % |
7,20 % |
4,49 % |
-19,88 % |
-0,27 % |
|
|
Solvency |
2017 |
2016 |
Variación 2017 - 2016 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,30 |
0,42 |
0,16 |
0,38 |
92,11 |
11,55 |
|
|
Acid Test: |
0,46 |
1,27 |
0,31 |
1,19 |
48,30 |
6,61 |
|
|
Working Capital / Investment: |
0,58 |
0,20 |
0,55 |
0,23 |
5,72 |
-13,66 |
|
|
Solvency: |
3,31 |
1,86 |
3,13 |
1,88 |
5,88 |
-0,83 |
|
|
Indebtedness |
2017 |
2016 |
Variación 2017 - 2016 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
0,82 |
0,81 |
0,94 |
0,85 |
-12,18 |
-4,82 |
|
|
Borrowing Composition: |
0,58 |
0,82 |
0,60 |
0,66 |
-4,09 |
23,84 |
|
|
Repayment Ability: |
6,18 |
10,86 |
5,94 |
8,98 |
4,10 |
20,92 |
|
|
Warranty: |
2,21 |
2,23 |
2,06 |
2,17 |
7,15 |
2,72 |
|
|
Generated resources / Total creditors: |
0,09 |
0,10 |
0,06 |
0,10 |
55,68 |
-5,77 |
|
|
Efficiency |
2017 |
2016 |
Variación 2017 - 2016 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
1,33 |
1,28 |
1,37 |
1,30 |
-2,99 |
-1,05 |
|
|
Turnover of Collection Rights : |
18,62 |
4,90 |
18,39 |
4,85 |
1,24 |
1,16 |
|
|
Turnover of Payment Entitlements: |
10,26 |
3,90 |
2,60 |
3,12 |
294,36 |
25,00 |
|
|
Stock rotation: |
1,09 |
5,52 |
1,04 |
4,30 |
4,69 |
28,58 |
|
|
Assets turnover: |
0,87 |
0,97 |
0,87 |
0,99 |
0,51 |
-1,37 |
|
|
Borrowing Cost: |
1,47 |
1,32 |
2,15 |
1,53 |
-31,48 |
-13,75 |
|
>
Trend of indicators under the General Accounting Plan of 2007 (2017, 2016,
2015, 2014, 2013)
|
Cash Flow |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
Cash Flow over Sales: |
0,05 % |
0,04 % |
-0,04 % |
0,02 % |
-0,03 % |
|
|
Net Financial Debt: |
2,36 |
2,69 |
-20,30 |
13,03 |
10,11 |
|
|
Cash Flow Yield: |
0,04 % |
0,03 % |
-0,02 % |
0,02 % |
-0,02 % |
|
|
EBITDA over Sales: |
8,61 % |
9,71 % |
-3,30 % |
2,21 % |
3,16 % |
|
|
Profitability |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
Operating economic profitability: |
6,92 % |
7,75 % |
-2,48 % |
1,52 % |
2,04 % |
|
|
Total economic profitability: |
5,42 % |
4,12 % |
-6,37 % |
1,31 % |
3,74 % |
|
|
Financial profitability: |
6,50 % |
4,49 % |
-12,53 % |
0,48 % |
3,59 % |
|
|
Margin: |
7,93 % |
8,92 % |
-3,68 % |
1,51 % |
2,13 % |
|
|
Mark-up: |
5,77 % |
7,20 % |
-11,08 % |
0,31 % |
2,40 % |
|
|
Solvency |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
Liquidity: |
0,30 |
0,16 |
0,03 |
0,14 |
0,07 |
|
|
Acid Test: |
0,46 |
0,31 |
0,19 |
0,56 |
0,34 |
|
|
Working Capital / Investment: |
0,58 |
0,55 |
0,47 |
0,59 |
0,56 |
|
|
Solvency: |
3,31 |
3,13 |
2,43 |
3,47 |
3,17 |
|
|
Indebtedness |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
Indebtedness level: |
0,82 |
0,94 |
1,24 |
0,81 |
0,87 |
|
|
Borrowing Composition: |
0,58 |
0,60 |
0,42 |
0,65 |
0,57 |
|
|
Repayment Ability: |
6,18 |
5,94 |
-26,45 |
21,16 |
15,71 |
|
|
Warranty: |
2,21 |
2,06 |
1,81 |
2,24 |
2,15 |
|
|
Generated resources / Total creditors: |
0,09 |
0,06 |
-0,09 |
0,02 |
0,06 |
|
|
Efficiency |
2017 |
2016 |
2015 |
2014 |
2013 |
|
|
Productivity: |
1,33 |
1,37 |
0,89 |
1,08 |
1,11 |
|
|
Turnover of Collection Rights : |
18,62 |
18,39 |
11,17 |
8,87 |
12,22 |
|
|
Turnover of Payment Entitlements: |
10,26 |
2,60 |
6,53 |
15,68 |
14,99 |
|
|
Stock rotation: |
1,09 |
1,04 |
0,89 |
1,40 |
1,23 |
|
|
Assets turnover: |
0,87 |
0,87 |
0,68 |
1,00 |
0,95 |
|
|
Borrowing Cost: |
1,47 |
2,15 |
1,99 |
2,18 |
2,89 |
|
COMPARATIVE SECTORIAL BALANCE
|
Sector-based
Comparison under the rules of the New General Accounting Plan.
|
Net Rights Granted |
Variación - |
|
|
|
Empresa |
Sector |
|
Net Rights Granted |
Variación - |
|
|
|
Empresa |
Sector |
|
Net Rights Granted |
Variación - |
|
|
|
Empresa |
Sector |
News
|
Public
Tenders and Works Won
|
No
Public Tenders assigned to the name of the company.
Research
Summary
|
|
The subject was incorporated in January 2004, with a
Shareholder Equity that amounted to Euro 300,000 Distribution and wholesale
trade of lightning equipment. |
Answer
to additional question
|
|
The subject markets products manufacured in the USA, by
the company Progresive Lighting, which has over 500 employees across three
American Sates. It distributes decorative lightning equipment, inline with
the American market. Since its incorporation, the subject has made its way
through other markets in Central Europe, as well as Eastern Europe, Russia
and Middle East, being present in 60 countries. The deadline for American
collections to be delivered is 30 days. |
Sources
|
|
Registry of Commerce's Official Gazette. Own and external
data bases Company References |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.93 |
|
|
1 |
INR 91.74 |
|
Euro |
1 |
INR 79.90 |
|
Euro |
1 |
INR 80.49 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
DNS |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.