MIRA INFORM REPORT

Report No. :	505634
Report Date :	28.04.2018

IDENTIFICATION DETAILS

Name :	MIGASA ACEITES SOCIEDAD LIMITADA

Registered Office :	Ctra. Madrid Cadiz Km. 556 - Dos Hermanas - 41703 - Sevilla

Country :	Spain

Financials (as on) :	2016

Date of Incorporation :	30.06.2011

Legal Form :	Private Company

Line of Business :	The subject is engaged in the production, adquisition, transformation, marketing, transport, storage, conservation, export, import, treatment and purchase-sale by its own or third parties of all kinds of products and sub products of the food sector.

No. of Employees :	151 [2016]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A+

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

Status :	Excellent

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Spain

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:

MIGASA ACEITES SOCIEDAD LIMITADA

NIF / Fiscal code:

B91950253

Status:

ACTIVE

Incorporation Date:

30/06/2011

Register Data

Last Publication in BORME:

30/11/2017 [Reelections]

Last Published Account Deposit:

2016

Share Capital:

30.003.600

Localization:

CTRA. MADRID CADIZ KM. 556 - DOS HERMANAS - 41703 - SEVILLA

Telephone - Fax - Email - Website:

Telephone. 954 720 550 Email. administracion@migasa.com Website. www.migasa.com

Activity:

NACE:

1044 - Manufacture of oils and fats

Registered Trademarks:

Audited / Opinion:

Si /

Tenders and Awards:

Subsidies:

19 for a total cost of 66906.83

Main products / services:

Extra virgin olilve oilOlive oilsunflower oil

Quality Certificate:

Payment Behaviour:

According to the agreed terms

Prospects:

Consolidation

Industry situation:

Maturity

Defaults, Legal Claims and Insolvency Proceedings :

Number

Amount (€)

Most Recent Entry

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Defaults on debt with Financial Institutions and Large Companies

None

---

Judicial Claims (Notices, Executive Proceedings, Attachments, Auctions, Bad Debt)

None

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Partners

MIGUEL GALLEGO SA

100 %

Identification

Social Denomination:

MIGASA ACEITES SOCIEDAD LIMITADA

NIF / Fiscal code:

B91950253

Corporate Status:

ACTIVE

Start of activity:

2011

Registered Office:

CTRA. MADRID CADIZ KM. 556

Locality:

DOS HERMANAS

Province:

SEVILLA

Postal Code:

41703

Telephone:

954 720 550

Fax:

954 729 552

Website:

www.migasa.com

Email:

administracion@migasa.com

Interviewed Person:

Information obtained through indirect sources, as people responsible for the company refused to provide information.

Activity

NACE:

1044

Corporate Purpose:

THE SUBJECT IS ENGAGED IN THE PRODUCTION, ADQUISITION, TRANSFORMATION, MARKETING, TRANSPORT, STORAGE, CONSERVATION, EXPORT, IMPORT, TREATMENT AND PURCHASE-SALE BY ITS OWN OR THIRD PARTIES OF ALL KINDS OF PRODUCTS AND SUBPRODUCTS OF THE FOOD SECTOR.

Additional Information:

It is engaged in the production and marketing of edible oils.

Additional Address:

Registered office, office and central premises located at the heading address.

Franchise:

Import / export:

EXPORTS

Future Perspective:

Consolidation

Industry situation:

Maturity

Main products / services

Product

% Over Sales

Extra virgin olilve oil

Olive oil

sunflower oil

High oleic sunflower oil

Olive pomace oil

Number of Employees

Year

No. of employees

Established

Incidentals

2016

151

The data of employees is from the latest available financial statements in axesor. Failing that, are estimates data calculated by statistical methods

Chronological Summary

Year

Act

2011

Appointments/ Re-elections (1) Company Formation (1) Declaration of Sole Propietorship (1) Other Concepts/ Events (1)

2012

Accounts deposit (year 2011)

2013

Appointments/ Re-elections (3) Cessations/ Resignations/ Reversals (1) Increase of Capital (1) Statutory Modifications (2)

2014

Accounts deposit (year 2012)

2015

Accounts deposit (year 2013, 2014) Appointments/ Re-elections (1)

2016

Accounts deposit (year 2015) Appointments/ Re-elections (1)

2017

Appointments/ Re-elections (1)

2018

Accounts deposit (year 2016)

Breakdown of Owners' Equity

Registered Capital:

30.003.600

Paid up capital:

30.003.600

Updated Evolution of the Subscribed and Paid-in Capital

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

31/10/2011

Company Formation

3.600

18/03/2013

Increase of Capital

30.000.000

30.003.600

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

SINGLE PARTNER

MIGUEL GALLEGO SA

31/10/2011

SINGLE ADMINISTRATOR

MIGUEL GALLEGO SA

26/04/2013

CHIEF EXECUTIVE OFFICER

GALLEGO JURADO ANTONIO

29/04/2013

COMBINED PROXY

MORALES LOPEZ HIGINIO

29/04/2013

ROMAN RODRIGUEZ JOSE

29/04/2013

ACUÑA OLIVA ANGEL MANUEL

29/04/2013

GALLEGO MARTINEZ DIEGO

29/04/2013

HERMOSO GONZALEZ IVAN

29/04/2013

JOINT ATTORNEY/COMBINED PROXY

MORALES LOPEZ MANUEL

29/04/2013

GALLEGO JURADO ANTONIO

29/04/2013

GALLEGO JURADO MIGUEL

31/10/2011

MARTINEZ LABRADO MARIA REYES

31/10/2011

PROXY

GUERRA PARRILLA ESTRELLA

28/07/2015

ASSISTANT MANAGER

MORALES LOPEZ MANUEL

29/04/2013

ACCOUNTS' AUDITOR / HOLDER

AVANTER AUDITORES SLP

20/11/2017

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

AVANTER AUDITORES SLP

ACCOUNTS' AUDITOR / HOLDER

09/05/2016

ACCOUNTS' AUDITOR / HOLDER

20/11/2017

GALLEGO JURADO ANTONIO

MEMBER OF THE BOARD

26/04/2013

JOINT ATTORNEY/COMBINED PROXY

29/04/2013

GALLEGO JURADO MIGUEL

MEMBER OF THE BOARD

26/04/2013

MARTINEZ LABRADO MARIA REYES

MEMBER OF THE BOARD

26/04/2013

PRESIDENT

26/04/2013

PEREZ CARRASCO ANTONIO JOSE

NON CONSELLOR SECRETARY

26/04/2013

Executive board

Post

NIF

Name

MANAGING DIRECTOR

ANTONIO GALLEGO JURADO

Defaults, Legal Claims and Insolvency Proceedings

Section enabling assessment of the degree of compliance of the company queried with its payment obligations. It provides information on the existence and nature of all stages of Insolvency and Legal Proceedings published with reference to the Company in the country's various Official Bulletins and national newspapers, as well Defaults Registered in the main national credit bureaus (ASNEF Industrial and RAI ).

> Summary

Chronological summary

Number of Publications

Amount (€)

Start date

End date

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Request/Declaration

---

date

Proceedings

---

Resolution

---

Defaults on debt with Financial Institutions and Large Companies

Bank and Commercial Delinquency

None

Status: Friendly

---

Status: Pre-Litigation

---

Status: Litigation

---

Status: Non-performing

---

Status: insolvency proceedings, bankruptcy and suspension of payments

---

Other status

---

Legal and Administrative Proceedings

Unpublished

---

Notices of defaults and enforcement

---

Seizures

---

Auctions

---

Declarations of insolvency and bad debt

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Probability of default

> Estimated Probability of Default for the next 12 months: 0.222 %

> Latest Scoring Changes:

Sector in which comparison is carried out:

104 Manufacture of vegetable and animal oils and fats

Relative Position:

Credit quality is superior to that of other companies in the same sector.

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 99.00% of the companies of the sector MIGASA ACEITES SOCIEDAD LIMITADA 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 0,222%.

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

PROCEDURES OF CONTEST, BANKRUPTCY AND BANKRUPTCY PROTECTION

Legal Proceedings (Bankruptcy Law 22/2003)

Not published

Quiebras y Suspensiones de Pagos (anterior legislación concursal)

Not published

INCIDENCES WITH THE PUBLIC ADMINISTRATIONS

Incidences with the Tax Agency

Not published

Incidences with the Social Security

Not published

Incidences with the Autonomous Administration

Not published

Incidences with the Local Administration

Not published

PROCEDURES BEFORE COURTS OF CIVIL MATTERS

Procedures by the Civil Procedural Law 1/2000

Not published

Proceedings by the old Civil Procedural Law 1.881

Not published

PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL

Proceedings before the Industrial Tribunal

Not published

Link List

HAS IN ITS ADMINISTRATION BOARD TO:

1 Entities

IS RELATED WITH:

11 Entities

PARTICIPATES IN:

1 Entities

SHAREHOLDERS:

1 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

MIGUEL GALLEGO SA

SEVILLA

100

PARTICIPATES IN

PRODUCCIONES FORTALEZA AGRUPACION DE INTERES ECONOMICO

MADRID

26.8

> Other relationships

Relationship	Entity	Province	Shareholding stake
IS RELATED WITH	\| \|
	OLEOCASTELLAR SOCIEDAD ANONIMA	JAEN
	ALMAZARA SAN FRANCISCO, S.L.
	JC COIMBRA II DISTRIBUCIAO, S.A.
	MEDOIL OFFSHORE
	PARTINI FOODS LLC (ESTADOS UNIDOS)
	MIGASA SOYA SOCIEDAD LIMITADA	SEVILLA
	FRANCISCO SLU ALMAZARA SAN	CORDOBA
IS RELATED WITH	OLEO MASIA SA	SEVILLA
	PACKALIA SL	SEVILLA
	OLEOCASTELLAR SOCIEDAD ANONIMA	JAEN
	ALMAZARA LA CAÑADA SOCIEDAD LIMITADA	SEVILLA
HAS IN ITS ADMINISTRATION BOARD TO	MIGUEL GALLEGO SA	SEVILLA

Turnover

Total Sales 2016

856.592.005,39

The sales data is from the latest available financial statements in axesor. Failing that, are estimates data calculated by statistical methods.

Estimated Balance

ESTIMATED FIGURES 2017 -NON CURRENT ASSETS 16.719.000 Euro/s -CURRENT ASSETS 286.947.000 Euro/s -NET EQUITY 158.944.000 Euro/s -NON CURRENT LIABILITIES 99.232.000 Euro/s -CURRENT LIABILITIES 45.490.000 Euro/s -TOTAL ASSETS AND LIABILITIES 303.666.000 Euro/s -SALES 930.000.000 Euro/s

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2016

Normales

March 2018

2015

Normales

October 2016

2014

Normales

October 2015

2013

Normales

February 2015

2012

Normales

February 2014

2011

Normales

December 2012

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 31/12/2016

> Normal format Balance in accordance with the New Accounting Plan 2007

Information corresponding to the fiscal year 2016 2015 2014 2013 2012 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2016 2015 2014 2013 2012 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did not establish relevant equivalence criteria, such criteria using its own methodology. To view details on the methodology.

ORIGINAL

Assets

2016

2015

2014

2013

2012

A) NON-CURRENT ASSETS: 11000

15.414.834,00

15.012.301,00

14.060.608,00

13.535.513,00

11.315.836,00

I. Intangible fixed assets : 11100

840,00

419,00

1.504,00

4.269,00

7.244,00

1. Development: 11110

0,00

2. Concessions: 11120

0,00

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

0,00

4. Goodwill: 11140

0,00

5. IT applications: 11150

840,00

419,00

1.504,00

4.269,00

7.244,00

6. Investigation: 11160

0,00

7. Intellectual property: 11180

0,00

8. Greenhouse gas emission allowance: 11190

0,00

9. Other intangible fixed assets. : 11170

0,00

II. Tangible fixed assets : 11200

14.977.003,00

13.673.875,00

13.712.776,00

13.306.751,00

11.243.100,00

1. Land and buildings: 11210

7.289.133,00

6.601.305,00

6.041.395,00

6.149.012,00

5.432.258,00

2. Technical installations and other tangible fixed assets: 11220

6.062.783,00

6.658.124,00

6.738.719,00

6.490.780,00

5.348.606,00

3. Tangible asset in progress and advances: 11230

1.625.087,00

414.446,00

932.662,00

666.959,00

462.237,00

III. Real estate investment: 11300

0,00

1. Land: 11310

0,00

2. Buildings: 11320

0,00

IV. Long-term investments in Group companies and associates : 11400

0,00

1. Equity instruments: 11410

0,00

2. Credits to businesses: 11420

0,00

3. Debt securities: 11430

0,00

4. Derivatives : 11440

0,00

5. Other financial assets : 11450

0,00

6. Other investments: 11460

0,00

V. Long-term financial investments: 11500

320.847,00

1.194.712,00

66.117,00

65.192,00

65.492,00

1. Equity instruments: 11510

253.832,00

1.127.698,00

0,00

2. Credits to third parties : 11520

0,00

3. Debt securities: 11530

0,00

4. Derivatives : 11540

0,00

5. Other financial assets : 11550

67.014,00

66.117,00

65.192,00

65.492,00

6. Other investments: 11560

0,00

VII. Non-current trade debts : 11700

0,00

VI. Assets for deferred tax : 11600

116.143,00

143.294,00

280.211,00

159.301,00

0,00

B) CURRENT ASSETS: 12000

264.316.019,00

214.669.617,00

222.804.501,00

155.980.003,00

174.945.661,00

I. Non-current assets held for sale : 12100

0,00

II. Stocks: 12200

109.354.930,00

101.377.216,00

151.639.483,00

67.093.745,00

104.592.324,00

1. Commercial: 12210

0,00

75.125.115,00

0,00

2. Primary material and other supplies: 12220

88.019.441,00

178.249,00

122.772.569,00

50.901.325,00

79.632.944,00

a) Long-term primary material and other supplies: 12221

0,00

b) Short-term primary material and other supplies: 12222

88.019.441,00

0,00

3. Work in progress: 12230

0,00

237,00

0,00

a) Of long-term production cycle : 12231

0,00

b) Of short-term production cycle : 12232

0,00

237,00

0,00

4. Finished goods: 12240

6.408.025,00

5.472.036,00

9.725.929,00

6.357.742,00

10.522.209,00

a) Of long-term production cycle : 12241

0,00

b) Of short-term production cycle : 12242

6.408.025,00

5.472.036,00

9.725.929,00

6.357.742,00

10.522.209,00

5. By-products, residues and recycled materials: 12250

6.340.279,00

1.216.675,00

635.991,00

1.582.338,00

1.082.920,00

6. Advances to suppliers: 12260

8.587.184,00

19.385.141,00

18.504.993,00

8.252.104,00

13.354.251,00

III. Trade debtors and others receivable accounts: 12300

82.933.887,00

82.086.384,00

69.099.973,00

72.213.817,00

62.713.957,00

1. Trade debtors / accounts receivable: 12310

46.503.422,00

56.238.534,00

47.613.938,00

42.570.879,00

41.867.837,00

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

0,00

b) Customers for sales and provisions of services : 12312

46.503.422,00

56.238.534,00

47.613.938,00

42.570.879,00

41.867.837,00

2. Customers, Group companies and associates : 12320

30.272.894,00

25.669.232,00

15.663.738,00

20.826.222,00

20.840.132,00

3. Other accounts receivable: 12330

5.450,00

4.627,00

0,00

11.041,00

0,00

4. Personnel: 12340

272,00

0,00

88,00

0,00

5.816,00

5. Assets for deferred tax: 12350

0,00

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

6.151.848,00

173.991,00

5.822.209,00

8.805.675,00

173,00

7. Called up share capital: 12370

0,00

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

54.446.940,00

28.818.565,00

0,00

7.620.932,00

6.956.491,00

1. Equity instruments: 12410

0,00

2. Credits to businesses: 12420

0,00

28.818.565,00

0,00

7.620.932,00

6.956.491,00

3. Debt securities: 12430

0,00

4. Derivatives : 12440

0,00

5. Other financial assets : 12450

54.446.940,00

0,00

6. Other investments: 12460

0,00

V. Short-term financial investments : 12500

580.680,00

305.358,00

580.249,00

163.885,00

210.717,00

1. Equity instruments: 12510

120,00

421,00

2. Credits to businesses: 12520

0,00

3. Debt securities: 12530

0,00

4. Derivatives : 12540

580.556,00

304.235,00

579.767,00

24.520,00

0,00

5. Other financial assets : 12550

4,00

1.004,00

362,00

139.244,00

210.296,00

6. Other investments: 12560

0,00

VI. Short-term accruals: 12600

59.993,00

8.625,00

50.367,00

12.185,00

140.344,00

VII. Cash and other equivalent liquid assets : 12700

16.939.591,00

2.073.469,00

1.434.429,00

8.875.439,00

331.828,00

1. Treasury: 12710

16.939.591,00

2.073.469,00

1.434.429,00

8.875.439,00

331.828,00

2. Other equivalent liquid assets: 12720

0,00

TOTAL ASSETS (A + B) : 10000

279.730.853,00

229.681.918,00

236.865.109,00

169.515.516,00

186.261.497,00

ORIGINAL

Liabilities and Net Worth

2016

2015

2014

2013

2012

A) NET WORTH: 20000

146.303.733,00

133.475.821,00

112.530.866,00

103.411.229,00

85.056.410,00

A-1) Shareholders' equity: 21000

146.221.465,00

133.372.859,00

112.399.513,00

103.284.903,00

84.856.027,00

I. Capital: 21100

30.003.600,00

1. Registered capital : 21110

30.003.600,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

40.813.965,00

III. Reserves: 21300

62.555.294,00

41.403.214,00

26.467.338,00

15.171.883,00

0,00

1. Legal and statutory: 21310

6.000.720,00

0,00

2. Other reserves: 21320

53.992.961,00

34.269.073,00

19.333.197,00

15.171.883,00

0,00

3. Revaluation reserves: 21330

1.133.421,00

0,00

2. Capitalisation Reserves: 21350

1.428.192,00

0,00

IV. (Common stock equity): 21400

0,00

V. Results from previous periods: 21500

0,00

1. Brought forward: 21510

0,00

2. (Negative results from previous periods): 21520

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

12.848.606,00

21.152.080,00

15.114.610,00

17.295.455,00

14.038.462,00

VIII. (Interim dividend): 21800

0,00

IX. Other net worth instruments: 21900

0,00

A-2) Adjustments due to changes in value: 22000

0,00

I. Financial assets held for sale: 22100

0,00

II. Hedge operations: 22200

0,00

III. Linked non-current assets and liabilities held for sale : 22300

0,00

IV. Exchange rate difference: 22400

0,00

V. Other: 22500

0,00

A-3) Received subsidies, donations and legacies: 23000

82.268,00

102.962,00

131.353,00

126.326,00

200.383,00

B) NON-CURRENT LIABILITIES: 31000

91.467.079,00

31.034.615,00

22.990.102,00

1.538.970,00

1.554.240,00

I. Long-term provisions: 31100

0,00

1. Long-term employee benefits liability: 31110

0,00

2. Environmental actions: 31120

0,00

3. Restructuring provisions: 31130

0,00

4. Other provisions: 31140

0,00

II Long-term creditors: 31200

91.145.865,00

30.635.811,00

22.445.627,00

833.308,00

694.433,00

1. Liabilities and other securities: 31210

0,00

2. Amounts owed to credit institutions: 31220

88.085.326,00

28.500.000,00

18.500.000,00

0,00

3. Creditors from financial leasing: 31230

0,00

4. Derivatives : 31240

2.218.079,00

1.177.610,00

2.785.422,00

0,00

5. Other financial liabilities : 31250

842.460,00

958.201,00

1.160.205,00

833.308,00

694.433,00

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

0,00

IV. Liabilities for deferred tax: 31400

321.213,00

398.803,00

544.474,00

705.663,00

859.807,00

V. Long-term accruals: 31500

0,00

VI. Non-current trade creditors : 31600

0,00

VII. Special long-term debts : 31700

0,00

C) CURRENT LIABILITIES : 32000

41.960.041,00

65.171.482,00

101.344.141,00

64.565.318,00

99.650.847,00

I. Liabilities linked to non-current assets held for sale: 32100

0,00

II. Short-term provisions: 32200

0,00

1. Provisions from greenhouse gas emission allowance: 32210

0,00

2. Other provisions: 32220

0,00

III. Short-term creditors : 32300

2.204.580,00

19.033.133,00

54.271.879,00

29.069.517,00

80.733.569,00

1. Liabilities and other securities: 32310

0,00

2. Amounts owed to credit institutions: 32320

2.020.593,00

18.923.426,00

54.060.822,00

29.066.169,00

80.693.419,00

3. Creditors from financial leasing: 32330

0,00

4. Derivatives : 32340

48.246,00

0,00

205.095,00

0,00

40.150,00

5. Other financial liabilities : 32350

135.742,00

109.707,00

5.961,00

3.348,00

0,00

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

0,00

829.882,00

16.394.193,00

235.062,00

211.494,00

V. Trade creditors and other accounts payable: 32500

39.640.382,00

45.308.468,00

30.678.069,00

35.260.738,00

18.705.784,00

1. Suppliers: 32510

29.320.731,00

37.063.483,00

22.659.304,00

26.568.509,00

13.269.727,00

a) Long-term debts : 32511

0,00

b) Short-term debts : 32512

29.320.731,00

37.063.483,00

22.659.304,00

26.568.509,00

13.269.727,00

2. Suppliers, Group companies and associates: 32520

7.522.453,00

5.434.900,00

2.594.977,00

5.465.057,00

2.573.443,00

3. Other creditors: 32530

2.505.290,00

1.802.850,00

4.272.187,00

2.805.877,00

3.066.652,00

4. Personnel (remuneration due): 32540

21.045,00

21.296,00

55.576,00

24.936,00

88.745,00

5. Liabilities for current tax: 32550

0,00

6. Other accounts payable to Public Administrations.: 32560

270.862,00

727.439,00

308.084,00

300.772,00

-1.157,00

7. Advances from clients: 32570

0,00

258.500,00

787.941,00

95.588,00

-291.626,00

VI. Short-term accruals: 32600

115.079,00

0,00

VII. Special short-term debts : 32700

0,00

TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000

279.730.853,00

229.681.918,00

236.865.109,00

169.515.516,00

186.261.497,00

ORIGINAL

Profit and Loss

2016

2015

2014

2013

2012

1. Net turnover: 40100

856.592.005,00

761.429.900,00

575.274.192,00

605.642.082,00

494.149.130,00

a) Sales: 40110

856.235.261,00

761.282.435,00

575.159.440,00

605.283.658,00

494.012.064,00

b) Rendering of services: 40120

356.745,00

147.465,00

114.751,00

358.424,00

137.066,00

c) Income of financial nature of holding companies: 40130

0,00

2. Changes in stocks of finished goods and work in progress: 40200

6.059.593,00

-3.673.209,00

2.421.604,00

-3.664.812,00

4.815.062,00

3. Works carried out by the company for its assets: 40300

0,00

4. Supplies : 40400

-813.967.645,00

-696.995.566,00

-525.005.702,00

-551.375.858,00

-453.479.014,00

a) Stock consumption: 40410

-761.380.217,00

-594.206.068,00

-556.753.513,00

-474.649.939,00

-439.379.999,00

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

-50.441.624,00

-98.347.907,00

35.748.984,00

-75.233.077,00

-14.099.015,00

c) Works carried out by other companies: 40430

-2.145.804,00

-4.441.591,00

-4.001.174,00

-1.492.842,00

0,00

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

0,00

5. Other operating income: 40500

1.347.223,00

1.378.961,00

1.544.214,00

1.520.151,00

2.092.832,00

a) Auxiliary income and other from current management: 40510

1.341.387,00

1.378.961,00

1.544.214,00

1.303.387,00

1.317.472,00

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

5.836,00

0,00

216.764,00

775.360,00

6. Personnel costs: 40600

-4.975.887,00

-4.922.850,00

-5.050.313,00

-4.981.892,00

-5.137.690,00

a) Wages, salaries et al.: 40610

-3.791.043,00

-3.723.671,00

-3.821.490,00

-3.773.928,00

-3.896.933,00

b) Social security costs: 40620

-1.184.844,00

-1.199.179,00

-1.228.823,00

-1.207.965,00

-1.240.757,00

c) Provisions : 40630

0,00

7. Other operating costs: 40700

-28.159.735,00

-29.493.787,00

-25.409.372,00

-21.295.631,00

-21.667.909,00

a) External services: 40710

-28.123.166,00

-28.507.800,00

-25.582.278,00

-21.189.413,00

-21.761.495,00

b) Taxes: 40720

-149.903,00

-193.725,00

-143.671,00

-137.354,00

-127.130,00

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

113.334,00

-792.262,00

316.577,00

31.136,00

220.716,00

d) Other current management expenditure : 40740

0,00

e) Expenses due to greenhouse gas emissions: 40750

0,00

8. Amortisation of fixed assets: 40800

-1.326.740,00

-1.348.513,00

-1.537.941,00

-1.531.220,00

-1.159.016,00

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

5.917,00

5.923,00

30.704,00

76.209,00

73.380,00

10. Excess provisions : 41000

0,00

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

-5.878,00

0,00

-3.020,00

0,00

5.582,00

a) Impairment and losses : 41110

0,00

b) Results for transfers and other : 41120

-5.878,00

0,00

-3.020,00

0,00

5.582,00

c) Impairment and profit due to disposals of assets of holding companies: 41130

0,00

12. Negative difference in combined businesses: 41200

0,00

13. Other results : 41300

65.264,00

22.047,00

1.960.714,00

149.364,00

2.065.698,00

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

15.634.117,00

26.402.907,00

24.225.081,00

24.538.393,00

21.758.054,00

14. Financial income : 41400

477.377,00

181.759,00

299.748,00

370.444,00

58.664,00

a) Of shares in equity instruments : 41410

0,00

a 1) In Group companies and associates: 41411

0,00

a 2) In third parties: 41412

0,00

b) From negotiable securities and other financial instruments : 41420

455.702,00

156.987,00

273.680,00

370.444,00

58.664,00

b 1) From Group companies and associates : 41421

330.981,00

95.967,00

176.412,00

258.036,00

0,00

b 2) From third parties : 41422

124.721,00

61.020,00

97.268,00

112.407,00

58.664,00

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

21.675,00

24.772,00

26.068,00

0,00

15. Financial expenditure: 41500

-1.045.878,00

-1.411.142,00

-1.789.835,00

-3.145.766,00

-2.568.486,00

a) Amounts owed to Group companies and associates : 41510

0,00

-76.251,00

-25.963,00

-70.853,00

0,00

b) For debts with third parties : 41520

-1.045.878,00

-1.334.891,00

-1.763.872,00

-3.074.913,00

-2.568.486,00

c) Stock renewal : 41530

0,00

16. Changes in fair value of financial instruments : 41600

-807.250,00

1.710.587,00

-2.410.746,00

6,00

7,00

a) Trading book and other : 41610

-807.250,00

1.710.587,00

-2.410.746,00

6,00

7,00

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

0,00

17. Exchange rate differences : 41700

2.875.033,00

2.766.287,00

1.213.320,00

648.845,00

1.194.201,00

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

0,00

-90.490,00

1.234.685,00

-349.250,00

a) Impairment and losses : 41810

0,00

b) Results for transfers and other : 41820

0,00

-90.490,00

1.234.685,00

-349.250,00

19. Other financial income and expenditure: 42100

0,00

a) Incorporation of financial expenditure to assets: 42110

0,00

b) Financial income from arrangement with creditors: 42120

0,00

c) Other income and expenditure: 42130

0,00

A.2) FINANCIAL REVENUE (14+15+16+17+18+19) : 49200

1.499.283,00

3.247.491,00

-2.778.003,00

-891.786,00

-1.664.864,00

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

17.133.400,00

29.650.398,00

21.447.078,00

23.646.607,00

20.093.190,00

20. Income taxes: 41900

-4.284.794,00

-8.498.318,00

-6.332.468,00

-6.351.152,00

-6.054.728,00

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

12.848.606,00

21.152.080,00

15.114.610,00

17.295.455,00

14.038.462,00

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

0,00

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

12.848.606,00

21.152.080,00

15.114.610,00

17.295.455,00

14.038.462,00

CASHFLOW STATEMENT

Model: Normal

> Source of information: Data contained in this section is taken from the information declared in the Annual Accounts submitted to the Trade Register.

Net Rights Granted

2016

2015

2014

2013

2012

1. Fiscal year result before taxes.: 61100

17.133.400,00

29.650.398,00

21.447.078,00

23.646.607,00

20.093.190,00

2. Results adjustments.: 61200

-285.916,00

-1.047.929,00

3.997.751,00

2.208.311,00

2.524.202,00

a) Fixed Assets Amortization (+).: 61201

1.326.740,00

1.348.513,00

1.537.941,00

1.531.220,00

1.159.016,00

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

-113.334,00

792.262,00

-316.577,00

-31.136,00

-220.716,00

d) Allocation of grants (-).: 61204

-27.592,00

-30.696,00

-56.772,00

-76.209,00

-73.380,00

e) Results on disposal of fixed assets (+/-). : 61205

5.878,00

0,00

3.020,00

0,00

-5.582,00

f) Results on disposal of financial instruments (+/-).: 61206

0,00

90.490,00

-1.234.685,00

349.250,00

g) Financial income (-).: 61207

-455.702,00

-156.987,00

-273.680,00

-370.444,00

-58.664,00

h) Financial Expenses (+). : 61208

1.045.878,00

1.411.142,00

1.789.835,00

3.145.766,00

2.568.486,00

i) Exchange differences (+/-). : 61209

-2.875.033,00

-2.766.287,00

-1.213.320,00

-648.845,00

-1.194.201,00

j) Reasonable Value Variation in Financial Instruments (+/-).: 61210

807.250,00

-1.710.587,00

2.410.746,00

-6,00

-7,00

k) Other income and expense (-/+). : 61211

0,00

64.710,00

26.068,00

-107.350,00

0,00

3. Changes in current capital equity.: 61300

-11.441.224,00

53.867.628,00

-85.061.638,00

45.496.513,00

-32.859.807,00

a) Stock (+/-).: 61301

-18.775.671,00

51.142.415,00

-74.292.848,00

32.396.431,00

-22.529.530,00

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

12.938.821,00

-11.946.928,00

-6.668.411,00

-3.583.031,00

-6.137.612,00

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

-51.368,00

41.742,00

-38.181,00

128.159,00

-1.191.901,00

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

-5.668.086,00

14.630.398,00

-4.062.197,00

16.554.955,00

-3.000.763,00

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

115.079,00

0,00

4. Cash Flows from Other Operating Activities: 61400

-1.342.634,00

-1.354.617,00

-1.425.428,00

-3.082.480,00

-2.147.214,00

a) Interest payments (-). : 61401

-921.671,00

-1.508.610,00

-1.762.701,00

-3.378.663,00

-2.205.879,00

c) Interest collection (+). : 61403

455.702,00

156.987,00

341.286,00

302.838,00

58.664,00

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

-876.665,00

-2.994,00

-4.014,00

-6.654,00

0,00

5. Cash Flows from Operating Activities (1 + 2 + 3 + 4) : 61500

4.063.626,00

81.115.479,00

-61.042.238,00

68.268.951,00

-12.389.628,00

6. Payments for investment (-).: 62100

-57.126.209,00

-39.756.264,00

-2.042.247,00

-9.621.861,00

-8.741.115,00

a) Companies of the group and affiliates. : 62101

-54.446.940,00

-36.442.048,00

0,00

-7.223.040,00

-6.956.491,00

b) Intangible fixed assets. : 62102

-705,00

-498,00

0,00

-8.380,00

c) Fixed assets. : 62103

-2.635.464,00

-1.308.028,00

-1.950.833,00

-2.398.822,00

-1.257.200,00

e) Other financial assets. : 62105

-43.101,00

-2.005.690,00

-91.415,00

0,00

-519.044,00

7. Divestment payment collection (+). : 62200

29.693.431,00

0,00

7.723.344,00

1.281.823,00

5.582,00

a) Companies of the group and affiliates. : 62201

28.818.565,00

0,00

7.553.327,00

0,00

c) Fixed assets. : 62203

0,00

6.612,00

0,00

5.582,00

e) Other financial assets. : 62205

874.866,00

0,00

163.406,00

1.281.823,00

0,00

8. Cash Flow from Investing Activities (6+7) less Amortization: 62300

-27.432.779,00

-39.756.264,00

5.681.097,00

-8.340.038,00

-8.735.533,00

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

0,00

e) Grants, donations and bequests received (+). : 63105

0,00

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

38.235.274,00

-40.720.175,00

53.920.131,00

-51.385.302,00

21.453.389,00

a) Issuance : 63201

114.106.546,00

10.203.463,00

53.923.480,00

26.916,00

27.243.766,00

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

59.585.326,00

10.092.621,00

44.040.011,00

0,00

26.538.472,00

3. Debts incurred with companies of the group and affiliates (+).: 63204

54.446.940,00

0,00

9.551.637,00

23.568,00

0,00

5. Other debts (+). : 63206

74.280,00

110.842,00

331.831,00

3.348,00

705.294,00

b) Repayment and amortization of : 63207

-75.871.272,00

-50.923.638,00

-3.348,00

-51.412.218,00

-5.790.377,00

2. Debts incurred with credit institutions (-).: 63209

-17.027.040,00

-35.132.550,00

0,00

-51.372.068,00

0,00

3. Debts incurred with companies of the group and affiliates (-). : 63210

-58.728.491,00

-15.564.312,00

0,00

-5.790.377,00

5. Other debts (-). : 63212

-115.742,00

-226.776,00

-3.348,00

-40.150,00

0,00

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

0,00

-6.000.000,00

0,00

a) Dividends (-).: 63301

0,00

-6.000.000,00

0,00

12. Cash Flows from Financing Activities (9+10+11): 63400

38.235.274,00

-40.720.175,00

47.920.131,00

-51.385.302,00

21.453.389,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

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

14.866.122,00

639.040,00

-7.441.010,00

8.543.611,00

328.228,00

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

2.073.469,00

1.434.429,00

8.875.439,00

331.828,00

3.600,00

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

16.939.591,00

2.073.469,00

1.434.429,00

8.875.439,00

331.828,00

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

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Cash Flow over Sales:

0,02 %

0,01 %

0,00 %

Net Financial Debt:

4,49

2,33

1,71

2,83

163,12

-17,96

Cash Flow Yield:

0,05 %

0,01 %

0,00 %

EBITDA over Sales:

1,97 %

11,93 %

3,64 %

10,44 %

-45,83 %

14,19 %

Profitability

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

6,94 %

8,83 %

13,23 %

6,95 %

-47,56 %

27,16 %

Total economic profitability:

6,50 %

4,94 %

13,52 %

3,20 %

-51,94 %

54,50 %

Financial profitability:

8,79 %

7,33 %

15,86 %

4,15 %

-44,59 %

76,53 %

Margin:

1,81 %

7,81 %

3,46 %

6,35 %

-47,53 %

23,07 %

Mark-up:

1,99 %

7,08 %

3,88 %

3,80 %

-48,78 %

86,19 %

Solvency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,40

0,16

0,03

0,14

1.168,88

15,55

Acid Test:

3,69

0,90

1,74

0,87

112,38

3,28

Working Capital / Investment:

0,79

0,03

0,65

0,03

22,12

3,33

Solvency:

6,30

1,21

3,30

1,19

91,19

1,56

Indebtedness

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

0,91

1,24

0,72

1,30

26,53

-4,74

Borrowing Composition:

2,18

1,05

0,48

1,04

357,76

1,10

Repayment Ability:

7,90

9,30

3,47

11,03

127,57

-15,71

Warranty:

2,10

1,82

2,39

1,78

-12,18

1,97

Generated resources / Total creditors:

0,11

0,09

0,23

0,08

-54,57

19,74

Efficiency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

4,40

1,90

6,63

1,80

-33,72

5,95

Turnover of Collection Rights :

10,34

5,10

9,29

5,22

11,32

-2,39

Turnover of Payment Entitlements:

21,40

3,55

15,95

3,69

34,12

-3,92

Stock rotation:

7,70

8,13

7,26

7,79

6,04

4,33

Assets turnover:

3,82

1,13

3,83

1,09

-0,07

3,33

Borrowing Cost:

0,78

2,32

1,47

2,45

-46,56

-5,15

> Trend of indicators under the General Accounting Plan of 2007 (2016, 2015, 2014, 2013, 2012)

Cash Flow

2016

2015

2014

2013

2012

Cash Flow over Sales:

0,02 %

0,00 %

-0,01 %

0,01 %

0,00 %

Net Financial Debt:

4,49

1,71

3,14

0,81

3,89

Cash Flow Yield:

0,05 %

0,00 %

-0,03 %

0,05 %

0,00 %

EBITDA over Sales:

1,97 %

3,64 %

4,13 %

4,27 %

4,20 %

Profitability

2016

2015

2014

2013

2012

Operating economic profitability:

6,94 %

13,23 %

9,43 %

15,09 %

11,00 %

Total economic profitability:

6,50 %

13,52 %

9,81 %

15,81 %

12,17 %

Financial profitability:

8,79 %

15,86 %

13,45 %

16,75 %

16,54 %

Margin:

1,81 %

3,46 %

3,86 %

4,02 %

3,97 %

Mark-up:

1,99 %

3,88 %

3,38 %

3,87 %

3,63 %

Solvency

2016

2015

2014

2013

2012

Liquidity:

0,40

0,03

0,01

0,14

0,00

Acid Test:

3,69

1,74

0,70

1,38

0,70

Working Capital / Investment:

0,79

0,65

0,51

0,54

0,40

Solvency:

6,30

3,30

2,20

2,42

1,76

Indebtedness

2016

2015

2014

2013

2012

Indebtedness level:

0,91

0,72

1,10

0,64

1,19

Borrowing Composition:

2,18

0,48

0,23

0,02

Repayment Ability:

7,90

3,47

5,23

2,56

4,87

Warranty:

2,10

2,39

1,91

2,56

1,84

Generated resources / Total creditors:

0,11

0,23

0,13

0,27

0,15

Efficiency

2016

2015

2014

2013

2012

Productivity:

4,40

6,63

5,71

6,19

5,04

Turnover of Collection Rights :

10,34

9,29

8,35

8,41

7,91

Turnover of Payment Entitlements:

21,40

15,95

18,02

16,14

25,66

Stock rotation:

7,70

7,26

3,66

8,69

4,56

Assets turnover:

3,82

3,83

2,44

3,76

2,77

Borrowing Cost:

0,78

1,47

1,44

4,76

2,54

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

Public Tenders and Works Won

No Public Tenders assigned to the name of the company.

Detail of Subsidies appearing in Balances Memories

Entity

CENTRO DESARROLLO TECNOLOGICO INDUSTRIAL

Status

CONCEDIDA

Amount Granted

13.993,82

Notes

El importe reflejado corresponde al traspaso al resultado de este ejercicio.

Entity

MINISTERIO DE CIENCIA E INNOVACION

Status

CONCEDIDA

Amount Granted

7.681,23

Notes

El importe reflejado corresponde al traspaso al resultado de este ejercicio.

Entity

CONSEJERIA INNOVACION CIENCIA Y EMPLEO JJA

Status

CONCEDIDA

Amount Granted

2.759,00

Notes

El importe reflejado corresponde al traspaso al resultado de este ejercicio.

Entity

CENTRO DESARROLLO TECNOLOGICO INDUSTRIAL

Status

CONCEDIDA

Amount Granted

2.178,54

Notes

El importe reflejado corresponde al traspasado a resultados en este ejercicio.

Entity

INNOVACION CIENCIA Y EMPLEO JJAA

Status

CONCEDIDA

Amount Granted

847,35

Notes

El importe reflejado corresponde al traspaso al resultado de este ejercicio.

Entity

CONSEJERIA INNOVACION CIENCIA Y EMPLEO JJAA

Status

CONCEDIDA

Amount Granted

132,15

Notes

El importe reflejado corresponde al traspaso al resultado de este ejercicio.

Entity

CENTRO DESARROLLO TECNOLOGICO INDUSTRIAL

Status

CONCEDIDA

Amount Granted

0,04

Notes

El importe reflejado corresponde al cierre de este ejercicio.

Entity

CENTRO PARA EL DESARROLLO TECNOLOGICO INDUSTRIAL

Status

CONCEDIDA

Amount Granted

16.609,21

Notes

El importe reflejado corresponde al imputado a resultados en este ejercicio.

Entity

CONSEJERIA INNOVACION CIENCIA Y EMPLEO JAAA

Status

CONCEDIDA

Amount Granted

2.762,94

Notes

El importe reflejado corresponde al imputado a resultados en este ejercicio.

Entity

CENTRO PARA EL DESARROLLO TECNOLOGICO INDUSTRIAL

Status

CONCEDIDA

Amount Granted

2.178,54

Notes

El importe reflejado corresponde al imputado a resultados en este ejercicio.

Entity

CONSEJERIA INNOVACION CIENCIA Y EMPLEO JJA

Status

CONCEDIDA

Amount Granted

849,08

Notes

El importe reflejado corresponde al imputado a resultados en este ejercicio.

Entity

INNOVACION CIENCIA Y EMPLEO JAA

Status

CONCEDIDA

Amount Granted

132,77

Notes

El importe reflejado corresponde al imputado a resultados en este ejercicio.

Entity

CENTRO PARA EL DESARROLLO TECNOLOGICO INDUSTRIAL

Status

CONCEDIDA

Amount Granted

0,04

Notes

Saldo al cierre del ejercicio.

Entity

CENTRO PARA EL DESARROLLO TECNOLOGICO INDUSTRIAL

Status

CONCEDIDA

Project

HIGEA

Amount Granted

8.884,94

Notes

Subvención traspasada a resultados

Entity

CENTRO PARA EL DESARROLLO TECNOLOGICO INDUSTRIAL

Status

CONCEDIDA

Project

SARA

Amount Granted

5.701,84

Notes

Subvención traspasada a resultados

Entity

MINISTERIO DE CIENCIA E INNOVACION

Status

CONCEDIDA

Amount Granted

2.118,49

Notes

Subvención traspasada a resultados

Entity

CONSEJERIA INNOVACION CIENCIA Y EMPLEO JAAA

Status

CONCEDIDA

Amount Granted

40,23

Notes

Subvención traspasada a resultados

Entity

CONSEJERIA INNOVACION CIENCIA Y EMPLEO JJA

Status

CONCEDIDA

Amount Granted

24,48

Notes

Subvencion traspasada a resultados

Entity

INNOVACION CIENCIA Y EMPLEO JAA

Status

CONCEDIDA

Amount Granted

12,14

Notes

Subvencion traspasada a resultados

Research Summary

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 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74
Euro	1	INR 80.93

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	TPT

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

EXECUTIVE SUMMARY

Identification

Activity

Main products / services

Number of Employees

Chronological Summary

Breakdown of Owners' Equity

Updated Evolution of the Subscribed and Paid-in Capital

Active Social Bodies

Historical Social Bodies

Executive board

Defaults, Legal Claims and Insolvency Proceedings

Probability of default

LEGAL CLAIMS

Link List

Turnover

Estimated Balance

Financial Accounts and Balance Sheets

CASHFLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

Public Tenders and Works Won

Detail of Subsidies appearing in Balances Memories

Research Summary

Sources

Unit