3decades

MIRA INFORM REPORT

Report No. :	489810
Report Date :	08.02.2018

IDENTIFICATION DETAILS

Name :	BRICK O’CLOCK SL

Registered Office :	C/ Emisora, 20. - Pozuelo De Alarcon - 28224 - Madrid

Country :	Spain

Financials (as on) :	2016

Date of Incorporation :	04.02.2008

Legal Form :	Private company

Line of Business :	Other construction installation

No. of Employees :	100 [2016]

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Maximum Credit Limit :	Euro 305.000

Status :	Moderate

Payment Behaviour :	Slow

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

(30.06.2017)

Current Rating

(30.09.2017)

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 experiencing a prolonged recession in the wake of the global financial crisis that began in 2008, in 2017 Spain marked the fourth full year of positive economic growth in ten years, largely due to increased private consumption. At the onset of the financial crisis, Spain's GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. In that year, the government successfully shored up struggling banks - exposed to the collapse of Spain's depressed real estate and construction sectors - and in January 2014 completed an EU-funded restructuring and recapitalization program for its financial sector.

Until 2014, credit contraction in the private sector, fiscal austerity, and high unemployment weighed on domestic consumption and investment. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, but labor reforms prompted a modest reduction to 17% in 2017. High unemployment has 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.

Exports were resilient throughout the economic downturn and helped to bring Spain's current account into surplus in 2013 for the first time since 1986, where it remained through 2016. Rising labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have helped to improve foreign investor interest in the economy and positive FDI flows have been restored.

Political gridlock after the national elections in December 2015 and June 2016 and ensuing government formation process constrained the caretaker government’s ability to implement needed labor, pension, health care, tax, and education reforms— in 2016. The European Commission criticized Spain’s 2016 budget for easing austerity measures and for its alleged overly optimistic growth and deficit projections. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and with the recent uptick in economic activity, inflation has reappeared, at 2% per year.

Source : CIA

EXECUTIVE SUMMARY

Name:

BRICK O'CLOCK SL

NIF / Fiscal code:

B85343721

Status:

ACTIVE

Incorporation Date:

04/02/2008

Register Data

Last Publication in BORME:

04/07/2017 [Revocations]

Last Published Account Deposit:

2016

Share Capital:

60.000

Localization:

C/ EMISORA, 20. - POZUELO DE ALARCON - 28224 - MADRID

Telephone - Fax - Email - Website:

Telephone. 916 658 902 Email. info@brickoclock.es Website. www.brickoclock.es

Number of Branches

Activity:

NACE:

4329 - Other construction installation

Registered Trademarks:

Audited / Opinion:

Si /

Tenders and Awards:

1 for a total cost of 118.353,92

Subsidies:

0 for a total cost of 0

Quality Certificate:

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)

---

Proceedings heard by the Civil Court

---

Proceedings heard by the Labour Court

---

Partners:

GRUPO AVINTIA SL

100 %

Identification

Social Denomination:

BRICK O'CLOCK SL

NIF / Fiscal code:

B85343721

Corporate Status:

ACTIVE

Start of activity:

2008

Registered Office:

C/ EMISORA, 20.

Locality:

POZUELO DE ALARCON

Province:

MADRID

Postal Code:

28224

Telephone:

916 658 902

Fax:

916 014 602

Website:

www.brickoclock.es

Email:

info@brickoclock.es

Interviewed Person:

The information in this report has been gathered through indirect sources due to the refusal of the company's responsible people to collaborate.

Branch Offices

Address

Postal Code

City

Province

CALLE BUENOS AIRES 3

35002

PALMAS DE GRAN CANARIA (LAS)

LAS PALMAS

Activity

NACE:

4329

Corporate Purpose:

The subject is engaged in the building maintenance services, as well as schools and hospitals, both in the state and private sector.

Additional Information:

Support and completion of some specific services demanded by building companies and retailers.

Additional Address:

The Registered Office, office and premises are located at the heading address.

Franchise:

Import / export:

DOES NOT IMPORT / DOES NOT EXPORT

Future Perspective:

Consolidation

Industry situation:

Maturity

Number of Employees

Year

No. of employees

Established

Incidentals

2016

100

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

Chronological Summary

Year

Act

2008

Appointments/ Re-elections (2) Company Formation (1) Declaration of Sole Propietorship (1)

2009

Accounts deposit (year 2008) Appointments/ Re-elections (1)

2010

Accounts deposit (year 2009)

2011

Appointments/ Re-elections (4) Cessations/ Resignations/ Reversals (1) Change of Social Purpose (1)

2012

Accounts deposit (year 2010, 2011) Appointments/ Re-elections (2)

2013

Accounts deposit (year 2012) Appointments/ Re-elections (7) Cessations/ Resignations/ Reversals (1)

2014

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

2015

Accounts deposit (year 2014) Appointments/ Re-elections (5) Cessations/ Resignations/ Reversals (2)

2016

Accounts deposit (year 2015) Appointments/ Re-elections (9) Cessations/ Resignations/ Reversals (3) Change of Social address (1)

2017

Accounts deposit (year 2016) Cessations/ Resignations/ Reversals (1)

Main Historic Changes

Concept

Publication

Act

Date

Corporate Purpose Changes:

A.- LA CONTRATACION, EXPLOTACION, GESTION ADMINISTRACION, PROMOCION, CONSTRUCCION, EJECUCION, CONSERVACION Y ENAJENACION DE TODA CLASE DE OBRA PUBLICA O PRIVADA

Company Formation

28/02/2008

Breakdown of Owners' Equity

Registered Capital:

60.000

Paid up capital:

60.000

Updated Evolution of the Subscribed and Paid-in Capital



Publishing Date	Registration Type	Capital Subscribed	Paid up capital	Underwritten result	Disbursed Result
18/02/2008	Company Formation	60.000	60.000	60.000	60.000

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

SINGLE PARTNER

AVINTIA PROYECTOS Y CONSTRUCCIONES SL

18/02/2008

SINGLE ADMINISTRATOR

GRUPO AVINTIA SL

08/03/2011

COMBINED PROXY

MENDOZA MARTINEZ ANTONIO

06/07/2016

PEREZ RAMOS JOSE

06/07/2016

ORTIZ BLANCO JOSE

06/07/2016

YANEL MONTESINOS AGUSTIN

06/07/2016

DIAZ PINDADO ISABEL

06/07/2016

JOINT ATTORNEY

AMIGO GOMEZ LUIS JOSE

14/12/2016

DE SOTO CALDERON JUAN LORENZO

20/05/2013

JOINT ATTORNEY/COMBINED PROXY

DIAZ GRANDE-CABALLERO PABLO-EUGENIO

06/07/2016

MORAL LUQUE SALVADOR

02/06/2016

BOMBIN SANTOS JESUS MANUEL

09/02/2016

NISA GONZALEZ FRANCISCO

05/08/2013

HERNANDEZ SANZ FERNANDO

05/08/2013

PROXY

VALLEJO RUIZ ANTONIO MARIA

28/11/2016

ROJAS DIAZ JUAN CARLOS

28/01/2015

ALVAREZ ARRIBAS SANTIAGO

28/01/2015

SAZ BALLESTEROS ANGEL

28/01/2015

ALVAREZ RODRIGUEZ SERGIO

27/01/2015

REPRESENTATIVE

MARTIN JIMENEZ ANTONIO

08/03/2011

ACCOUNTS' AUDITOR / HOLDER

PRICEWATERHOUSECOOPERS AUDITORES SL

09/04/2015

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

AMIGO GOMEZ LUIS JOSE

JOINT ATTORNEY/COMBINED PROXY

14/12/2016

DIAZ PINDADO ISABEL

JOINT ATTORNEY

06/07/2016

FARO LUQUE JOSE MANUEL

JOINT ATTORNEY/COMBINED PROXY

26/06/2017

GARCIA ACEVEDO ALONSO JESUS

PROXY

02/06/2016

COMBINED PROXY

08/03/2011

JOINT ATTORNEY/COMBINED PROXY

09/03/2012

JOINT ATTORNEY/COMBINED PROXY

20/05/2013

JOINT ATTORNEY/COMBINED PROXY

30/07/2014

JOINT ATTORNEY/COMBINED PROXY

02/06/2016

MARTIN JIMENEZ ANTONIO

SINGLE ADMINISTRATOR

08/03/2011

MENDOZA MARTINEZ ANTONIO

COMBINED PROXY

09/02/2016

COMBINED PROXY

02/06/2016

COMBINED PROXY

06/07/2016

ORTIZ BLANCO JOSE

PROXY

20/05/2013

PROXY

31/05/2016

PROXY

02/06/2016

COMBINED PROXY

06/07/2016

JOINT ATTORNEY/COMBINED PROXY

30/07/2014

PEREA LOPEZ JOSE MANUEL

JOINT ATTORNEY/COMBINED PROXY

27/01/2015

PEREZ RAMOS JOSE

PROXY

30/07/2014

PROXY

31/05/2016

PROXY

02/06/2016

COMBINED PROXY

08/03/2011

COMBINED PROXY

20/05/2013

COMBINED PROXY

20/05/2013

COMBINED PROXY

06/07/2016

JOINT ATTORNEY/COMBINED PROXY

09/03/2012

JOINT ATTORNEY/COMBINED PROXY

20/05/2013

JOINT ATTORNEY/COMBINED PROXY

05/08/2013

PRICEWATERHOUSECOOPERS AUDITORES SL

ACCOUNTS' AUDITOR / HOLDER

09/04/2015

ROJAS DIAZ JUAN CARLOS

PROXY

28/01/2015

PROXY

28/01/2015

COMBINED PROXY

20/05/2013

COMBINED PROXY

05/08/2013

JOINT ATTORNEY/COMBINED PROXY

28/01/2015

SEPTIEN DEL CASTILLO LUIS

PROXY

27/01/2015

TORRES ISACH RAMON FRANCISCO

PROXY

08/03/2016

YANEL MONTESINOS AGUSTIN

PROXY

08/03/2011

PROXY

20/05/2013

JOINT ATTORNEY

31/05/2016

JOINT ATTORNEY

06/07/2016

COMBINED PROXY

20/05/2013

JOINT ATTORNEY/COMBINED PROXY

14/04/2016

Executive board

Post

NIF

Name

FINANCIAL DIRECTOR

FERNANDO PEREZ

MANAGING DIRECTOR

AGUSTIN YANEL MONTESINOS

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 ).

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

---

02/11/2016

15/11/2017

Notices of defaults and enforcement

---

Seizures

---

Auctions

---

Declarations of insolvency and bad debt

---

Proceedings heard by the Civil Court

---

08/11/2013

13/11/2017

Proceedings heard by the Labour Court

---

03/06/2016

Basis for scoring

Positive Factors

Adverse Factors

Presents significant legal proceedings. Debts resulting from non-payment to Public Administrations or from lawsuits filed by individuals before the Courts of the different jurisdictions have been published in the Official Gazettes. However, these legal proceedings are at the stages that precede the execution stage and that do not affect the assets or content rights or economic value of the entity.

BRICK O'CLOCK SL has a tight level of Financial Autonomy. The Internal Funds of the entity represent the 5.98% of the total amount of funding sources.

The current debt represents a 94.02 % of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation.

The company denotes a special dependence short-term financing which, a priori, could cause problems of short-term solvency.

Long-term solvency. The real assets of the company are found in levels, which in principle, does not provide a strong guarantee through real goods against third parties when returning its long-term obligations.

Probability of default

> Estimated Probability of Default for the next 12 months: 6.729 %

> Latest Scoring Changes:

Sector in which comparison is carried out:

432 Electrical, plumbing and other construction installation activities

wordml://2561

Relative Position:

Credit quality is inferior 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 probability of the company's non-compliance with its payment obligations within deadlines estimated by our qualifications models is 6,729%.

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.

Recommended commercial credit

Favourable until 305.000 € (Guideline value of outstanding commercial balance that recommends be awarded to or maintained with the company queried)

Result of query submitted to the R.A.I. (Spanish Bad Debt Register) on

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

6 Legal Claims whose amounts have not been published

PROCEDURES BEFORE COURTS OF CIVIL MATTERS

Procedures by the Civil Procedural Law 1/2000

4 Legal Claims for a total cost of 13.738,00 E

Proceedings by the old Civil Procedural Law 1.881

Not published

PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL

Proceedings before the Industrial Tribunal

1 Incidence the amount of which has not been published

Incidences Detailed

Incidences with the Local Administration

PROCESSED BY THE LOCAL GOVERNMENT DE BURGOS - Date 15/11/2017

Last Published Stage:

EXECUTION NOTIFICATION

Record Number:

20176509061LU06L000221

Requested by:

ADMINISTRACION LOCAL

Published domicile:

(DESCONOCIDA)

Source:

B.O.E. Nº279, 2017 SUPLEMENTO 1 PAGINA 7461

PROCESSED BY THE LOCAL GOVERNMENT DE MADRID - Date 18/10/2017

Last Published Stage:

EXECUTION NOTIFICATION

Requested by:

ADMINISTRACION LOCAL

Published domicile:

(DESCONOCIDA)

Source:

B.O.E. Nº257, 2017 SUPLEMENTO 1 PAGINA 7757

PROCESSED BY THE LOCAL GOVERNMENT DE SANTOÑA (CANTABRIA) - Date 27/04/2017

Last Published Stage:

EXECUTION NOTIFICATION

Requested by:

ADMINISTRACION LOCAL

Published domicile:

(DESCONOCIDA)

Source:

B.O.E. Nº107, 2017 SUPLEMENTO 1 PAGINA 13987

PROCESSED BY THE LOCAL GOVERNMENT DE BARCELONA - Date 01/01/2017

Last Published Stage:

EXECUTION NOTIFICATION

Record Number:

ET201662379039313

Requested by:

ADMINISTRACION LOCAL

Published domicile:

(DESCONOCIDA)

Source:

B.O.E. Nº51, 2017 SUPLEMENTO 1 PAGINA 5023

PROCESSED BY THE LOCAL GOVERNMENT DE BARCELONA - Date 18/12/2016

Last Published Stage:

EXECUTION NOTIFICATION

Requested by:

ADMINISTRACION LOCAL

Published domicile:

(DESCONOCIDA)

Source:

B.O.E. Nº307, 2016 SUPLEMENTO 1 PAGINA 4134

PROCESSED BY THE LOCAL GOVERNMENT DE MADRID - Date 02/11/2016

Last Published Stage:

SEIZURE

Record Number:

16301070913

Requested by:

ADMINISTRACION LOCAL

Published domicile:

(DESCONOCIDA)

Source:

B.O.E. Nº273, 2016 SUPLEMENTO 1 PAGINA 14149

Procedures by the Civil Procedural Law 1/2000

IN THE SOCIAL COURT Nº 7 DE MADRID - Date 13/11/2017

Last Published Stage:

SENTENCE

Record Number:

133/2017

Requested by:

CASILDO VELARDO LOPEZ

Published domicile:

MADRID

Source:

BOLETIN OFICIAL DE LA COMUNIDAD DE MADRID Nº288, 2017 PAGINA 225

IN THE SOCIAL COURT Nº 7 DE MADRID - Date 21/06/2017

Last Published Stage:

SENTENCE

Record Number:

406/2016

Amount of the incidence:

1.098,24 E

Requested by:

CASILDO VELARDO LOPEZ

Published domicile:

MADRID

Source:

BOLETIN OFICIAL DE LA COMUNIDAD DE MADRID Nº169, 2017 PAGINA 234

IN THE SOCIAL COURT Nº 1 DE TOLEDO - Date 10/12/2013

Last Published Stage:

SENTENCE

Record Number:

529/2013

Amount of the incidence:

12.639,78 E

Requested by:

TOMAS HERRERA SANTOS, DOMINGO AMADOR SESMERO, ANGE

Published domicile:

TOLEDO

Source:

B.O.P. TOLEDO Nº9, 2014 PAGINA 2

IN THE SOCIAL COURT Nº 4 DE MALAGA - Date 08/11/2013

Last Published Stage:

COURT SUMMONS

Record Number:

1027/2012

Requested by:

VARIOS DEMANDANTES

Published domicile:

MALAGA

Source:

B.O.P. MALAGA Nº75, 2014 SUPLEMENTO 1 PAGINA 59

Guarantees

References

Clients

Name	NIF	Telephone
DIANOVA
GESTILAR
SUPROGESA
ARJUSA
URBACESA

Link List

BELONGS TO THE ADMINISTRATION BOARD OF:

1 Entities

HAS IN ITS ADMINISTRATION BOARD TO:

1 Entities

IS RELATED WITH:

21 Entities

PARTICIPATES IN:

3 Entities

SHAREHOLDERS:

1 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

GRUPO AVINTIA SL

MADRID

100

PLANET NEIBUR SL

MADRID

100

PARTICIPATES IN

UNION TEMPORAL DE EMPRESAS CEMENTERIO

BRICK COLOMBIA SAS

> Other relationships

Relationship	Entity	Province	Shareholding stake
IS RELATED WITH	\| \|
	AVINTIA DESARROLLOS HOTELEROS SL	MADRID
	AVINTIA EMPRESAS SL	MADRID
	UNION TEMPORAL DE EMPRESAS COLEGIO NOBELIS
	UNION TEMPORAL DE EMPRESAS CORDOBA
	UNION TEMPORAL DE EMPRESAS FRANCOS
	UNION TEMPORAL DE EMPRESAS MIR1
	UNION TEMPORAL DE EMPRESAS AVINTIA RUESMA RIVAS
	CONSERTUM CONSULTORIA Y DESARROLLO INMOBILIARIO INTEGRAL SL	MADRID
	AVINTIA INTERNATIONAL SL	MADRID
	PRADO VALDEBEBAS
	AELCA DESARROLLOS INMOBILIARIOS SL	MADRID
	UNION TEMPORAL DE EMPRESAS CANET BERENGUER
	UNION TEMPORAL DE EMPRESAS LEGATEC
	UNION TEMPORAL DE EMPRESAS PRADO VALDEBEBAS
	UNION TEMPORAL DE EMPRESAS RESIDENCIA MIRASIERRA
	AVINTIA RACING SL	MADRID
	ADH ISLANTILLA SL	MADRID
	AVINFORMA SERVICIOS INFORMATICOS SL	MADRID
	AVINTIA PROYECTOS Y CONSTRUCCIONES SL	MADRID
	AELCA DESARROLLOS INMOBILIARIOS SL	MADRID
IS RELATED WITH	AVINTIA INFRAESTRUCTURAS SA	MADRID
HAS IN ITS ADMINISTRATION BOARD TO	GRUPO AVINTIA SL	MADRID
BELONGS TO THE ADMINISTRATION BOARD OF	PLANET NEIBUR SL	MADRID

Turnover

Total Sales 2016

29.073.845

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

Estimated Balance

2017 ESTIMATED FIGURES: -NON-CURRENT ASSETS 318.000 Euro/s -CURRENT ASSETS 18.940.000 Euro/s -NET EQUITY 13.893.000 Euro/s -NON-CURRENT LIABILITIES 0 Euro/s -CURRENT LIABILITIES 18.107.000 Euro/s -TOTAL ASSETS AND LIABILITIES 19.258.000 Euro/s -SALES 32.000.000 Euro/s

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2016

Normales

October 2017

2015

Normales

June 2016

2014

Normales

September 2015

2013

Normales

September 2014

2012

Normales

December 2013

2011

Normales

September 2012

2010

Normales

January 2012

2009

Normales

October 2010

2008

Normales

October 2009

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. To view details on the methodology.

ORIGINAL

Assets

2016

2015

2014

2013

2012

A) NON-CURRENT ASSETS: 11000

289.239,00

216.977,00

397.815,00

140.565,00

96.037,00

I. Intangible fixed assets : 11100

83.614,00

54.732,00

85.400,00

57.838,00

0,00

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

83.614,00

54.732,00

85.400,00

57.838,00

0,00

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

189.320,00

139.224,00

96.949,00

82.422,00

95.732,00

1. Land and buildings: 11210

0,00

2. Technical installations and other tangible fixed assets: 11220

189.320,00

139.224,00

96.949,00

82.422,00

95.732,00

3. Tangible asset in progress and advances: 11230

0,00

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

16.000,00

0,00

1. Equity instruments: 11410

16.000,00

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

305,00

1. Equity instruments: 11510

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

305,00

6. Other investments: 11560

0,00

VII. Non-current trade debts : 11700

0,00

VI. Assets for deferred tax : 11600

0,00

22.716,00

215.161,00

0,00

B) CURRENT ASSETS: 12000

17.208.030,00

12.805.475,00

6.765.419,00

5.792.532,00

4.091.111,00

I. Non-current assets held for sale : 12100

0,00

II. Stocks: 12200

286.994,00

335.231,00

64.390,00

40.379,00

23.073,00

1. Commercial: 12210

0,00

14.000,00

12.951,00

2. Primary material and other supplies: 12220

286.994,00

335.231,00

19.829,00

324,00

0,00

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

0,00

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

286.994,00

0,00

3. Work in progress: 12230

0,00

a) Of long-term production cycle : 12231

0,00

b) Of short-term production cycle : 12232

0,00

4. Finished goods: 12240

0,00

a) Of long-term production cycle : 12241

0,00

b) Of short-term production cycle : 12242

0,00

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

0,00

17.647,00

1.619,00

0,00

6. Advances to suppliers: 12260

0,00

26.914,00

24.436,00

10.122,00

III. Trade debtors and others receivable accounts: 12300

15.837.822,00

11.081.757,00

5.403.664,00

4.653.136,00

3.407.899,00

1. Trade debtors / accounts receivable: 12310

7.392.930,00

7.935.224,00

3.194.930,00

3.485.994,00

3.363.455,00

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

0,00

b) Customers for sales and provisions of services : 12312

7.392.930,00

7.935.224,00

3.194.930,00

3.485.994,00

3.363.455,00

2. Customers, Group companies and associates : 12320

8.443.068,00

3.094.706,00

2.200.995,00

1.117.280,00

0,00

3. Other accounts receivable: 12330

0,00

4. Personnel: 12340

1.824,00

1.319,00

7.721,00

5.761,00

555,00

5. Assets for deferred tax: 12350

0,00

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

0,00

50.508,00

18,00

44.100,00

43.890,00

7. Called up share capital: 12370

0,00

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

0,00

1. Equity instruments: 12410

0,00

2. Credits to businesses: 12420

0,00

3. Debt securities: 12430

0,00

4. Derivatives : 12440

0,00

5. Other financial assets : 12450

0,00

6. Other investments: 12460

0,00

V. Short-term financial investments : 12500

16.636,00

7.261,00

6.091,00

12.057,00

8.374,00

1. Equity instruments: 12510

0,00

7.874,00

2. Credits to businesses: 12520

0,00

3. Debt securities: 12530

0,00

500,00

4. Derivatives : 12540

0,00

5. Other financial assets : 12550

16.636,00

6.761,00

5.591,00

11.557,00

0,00

6. Other investments: 12560

0,00

VI. Short-term accruals: 12600

0,00

VII. Cash and other equivalent liquid assets : 12700

1.066.578,00

1.381.226,00

1.291.274,00

1.086.961,00

651.765,00

1. Treasury: 12710

1.066.578,00

1.381.226,00

1.291.274,00

1.086.961,00

651.765,00

2. Other equivalent liquid assets: 12720

0,00

TOTAL ASSETS (A + B) : 10000

17.497.269,00

13.022.452,00

7.163.234,00

5.933.097,00

4.187.148,00

ORIGINAL

Liabilities and Net Worth

2016

2015

2014

2013

2012

A) NET WORTH: 20000

1.046.472,00

592.907,00

104.914,00

661.834,00

654.228,00

A-1) Shareholders' equity: 21000

1.046.472,00

592.907,00

104.914,00

661.834,00

654.228,00

I. Capital: 21100

60.000,00

1. Registered capital : 21110

60.000,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

601.834,00

594.228,00

591.096,00

1. Legal and statutory: 21310

12.000,00

2. Other reserves: 21320

589.834,00

582.228,00

579.096,00

3. Revaluation reserves: 21330

0,00

2. Capitalisation Reserves: 21350

0,00

IV. (Common stock equity): 21400

0,00

V. Results from previous periods: 21500

-68.878,00

-556.920,00

0,00

1. Brought forward: 21510

0,00

2. (Negative results from previous periods): 21520

-68.878,00

-556.920,00

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

564.216,00

487.993,00

-556.920,00

7.606,00

3.132,00

VIII. (Interim dividend): 21800

-110.700,00

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

0,00

B) NON-CURRENT LIABILITIES: 31000

0,00

1.974,00

10.222,00

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

0,00

1.974,00

10.222,00

1. Liabilities and other securities: 31210

0,00

2. Amounts owed to credit institutions: 31220

0,00

3. Creditors from financial leasing: 31230

0,00

1.974,00

10.222,00

4. Derivatives : 31240

0,00

5. Other financial liabilities : 31250

0,00

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

0,00

IV. Liabilities for deferred tax: 31400

0,00

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

16.450.797,00

12.429.545,00

7.056.346,00

5.269.290,00

3.522.698,00

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

0,00

II. Short-term provisions: 32200

0,00

1.109,00

4.204,00

6.706,00

1. Provisions from greenhouse gas emission allowance: 32210

0,00

2. Other provisions: 32220

0,00

1.109,00

4.204,00

0,00

III. Short-term creditors : 32300

119.640,00

0,00

657,00

7.921,00

7.261,00

1. Liabilities and other securities: 32310

0,00

2. Amounts owed to credit institutions: 32320

119.640,00

0,00

3. Creditors from financial leasing: 32330

0,00

657,00

7.921,00

7.261,00

4. Derivatives : 32340

0,00

5. Other financial liabilities : 32350

0,00

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

2.609.506,00

1.017.563,00

19.065,00

17.702,00

20.425,00

V. Trade creditors and other accounts payable: 32500

13.721.651,00

11.410.873,00

7.035.515,00

5.239.463,00

3.488.306,00

1. Suppliers: 32510

5.672.650,00

3.515.318,00

3.516.970,00

2.271.754,00

721.532,00

a) Long-term debts : 32511

0,00

b) Short-term debts : 32512

5.672.650,00

3.515.318,00

3.516.970,00

2.271.754,00

721.532,00

2. Suppliers, Group companies and associates: 32520

1.161.296,00

456.148,00

0,00

353.755,00

201.932,00

3. Other creditors: 32530

5.688.779,00

5.815.756,00

2.998.687,00

2.378.178,00

2.331.415,00

4. Personnel (remuneration due): 32540

1.918,00

9.134,00

0,00

1.578,00

5. Liabilities for current tax: 32550

0,00

7.053,00

1.280,00

6. Other accounts payable to Public Administrations.: 32560

527.832,00

467.825,00

130.647,00

67.885,00

69.731,00

7. Advances from clients: 32570

669.176,00

1.146.692,00

389.211,00

160.838,00

VI. Short-term accruals: 32600

0,00

VII. Special short-term debts : 32700

0,00

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

17.497.269,00

13.022.452,00

7.163.234,00

5.933.097,00

4.187.148,00

ORIGINAL

Profit and Loss

2016

2015

2014

2013

2012

1. Net turnover: 40100

29.073.845,00

18.586.484,00

13.628.609,00

10.173.695,00

8.532.676,00

a) Sales: 40110

11.178.897,00

9.498.438,00

8.195.556,00

5.794.669,00

5.268.410,00

b) Rendering of services: 40120

17.894.948,00

9.088.046,00

5.433.053,00

4.379.025,00

3.264.266,00

c) Income of financial nature of holding companies: 40130

0,00

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

0,00

-17.647,00

16.029,00

1.619,00

-1.895,00

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

0,00

4. Supplies : 40400

-20.517.738,00

-12.930.045,00

-10.847.327,00

-7.474.796,00

-5.922.223,00

a) Stock consumption: 40410

0,00

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

-2.350.175,00

-1.694.585,00

-1.380.725,00

-884.053,00

-624.406,00

c) Works carried out by other companies: 40430

-18.167.563,00

-11.235.460,00

-9.466.602,00

-6.590.744,00

-5.297.817,00

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

0,00

5. Other operating income: 40500

9.178,00

11.116,00

53.043,00

36.275,00

0,00

a) Auxiliary income and other from current management: 40510

9.178,00

11.116,00

53.043,00

36.275,00

0,00

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

0,00

6. Personnel costs: 40600

-4.585.047,00

-2.977.091,00

-2.217.841,00

-1.968.283,00

-1.634.477,00

a) Wages, salaries et al.: 40610

-3.203.478,00

-2.058.356,00

-1.569.851,00

-1.422.259,00

-1.186.571,00

b) Social security costs: 40620

-1.381.569,00

-918.735,00

-647.990,00

-546.024,00

-447.906,00

c) Provisions : 40630

0,00

7. Other operating costs: 40700

-3.097.322,00

-1.920.012,00

-1.337.464,00

-717.591,00

-941.256,00

a) External services: 40710

-2.757.799,00

-1.677.565,00

-1.344.710,00

-754.666,00

-651.117,00

b) Taxes: 40720

-48.281,00

-38.539,00

-34.052,00

-52.184,00

-1.314,00

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

-198.778,00

-154.767,00

53.402,00

113.442,00

-2.846,00

d) Other current management expenditure : 40740

-92.464,00

-49.141,00

-12.104,00

-24.184,00

-285.979,00

e) Expenses due to greenhouse gas emissions: 40750

0,00

8. Amortisation of fixed assets: 40800

-100.389,00

-76.405,00

-71.272,00

-40.553,00

-32.075,00

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

0,00

10. Excess provisions : 41000

0,00

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

0,00

a) Impairment and losses : 41110

0,00

b) Results for transfers and other : 41120

0,00

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

0,00

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

782.527,00

676.400,00

-776.223,00

10.364,00

748,00

14. Financial income : 41400

7.108,00

4.052,00

8.000,00

4.760,00

4.863,00

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

7.108,00

4.052,00

8.000,00

4.760,00

4.863,00

b 1) From Group companies and associates : 41421

0,00

b 2) From third parties : 41422

7.108,00

4.052,00

8.000,00

4.760,00

4.863,00

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

0,00

15. Financial expenditure: 41500

-7.808,00

-14,00

-208,00

-443,00

-809,00

a) Amounts owed to Group companies and associates : 41510

0,00

b) For debts with third parties : 41520

-7.808,00

-14,00

-208,00

-443,00

-809,00

c) Stock renewal : 41530

0,00

16. Changes in fair value of financial instruments : 41600

0,00

a) Trading book and other : 41610

0,00

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

0,00

17. Exchange rate differences : 41700

0,00

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

0,00

a) Impairment and losses : 41810

0,00

b) Results for transfers and other : 41820

0,00

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

-700,00

4.038,00

7.792,00

4.317,00

4.054,00

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

781.827,00

680.438,00

-768.431,00

14.681,00

4.802,00

20. Income taxes: 41900

-217.611,00

-192.445,00

211.511,00

-7.075,00

-1.670,00

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

564.216,00

487.993,00

-556.920,00

7.606,00

3.132,00

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

0,00

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

564.216,00

487.993,00

-556.920,00

7.606,00

3.132,00

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

781.827,00

680.438,00

-768.431,00

7.607,00

4.802,00

2. Results adjustments.: 61200

299.868,00

227.135,00

116.883,00

-77.210,00

0,00

a) Fixed Assets Amortization (+).: 61201

100.390,00

76.405,00

71.272,00

40.553,00

0,00

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

198.778,00

154.767,00

50.308,00

-113.443,00

0,00

c) Variation in Provision (+/-). : 61203

0,00

3.095,00

0,00

g) Financial income (-).: 61207

-7.108,00

-4.051,00

-8.000,00

-4.760,00

0,00

h) Financial Expenses (+). : 61208

7.808,00

14,00

208,00

440,00

0,00

3. Changes in current capital equity.: 61300

-2.704.536,00

-1.676.940,00

978.303,00

597.173,00

-2.437.049,00

a) Stock (+/-).: 61301

48.237,00

-270.840,00

-24.011,00

-17.306,00

13.383,00

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

-5.482.867,00

-5.780.289,00

-800.920,00

-1.131.574,00

-889.522,00

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

0,00

-1.170,00

5.965,00

-3.683,00

0,00

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

2.731.203,00

4.375.359,00

1.803.105,00

1.752.460,00

-1.566.507,00

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

-1.109,00

0,00

-5.836,00

-2.724,00

5.597,00

4. Cash Flows from Other Operating Activities: 61400

-87.947,00

-46.471,00

-2.911,00

3.018,00

0,00

a) Interest payments (-). : 61401

-7.808,00

-14,00

-208,00

-440,00

0,00

c) Interest collection (+). : 61403

7.108,00

4.051,00

8.000,00

4.760,00

0,00

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

-87.247,00

-50.508,00

-10.703,00

-1.302,00

0,00

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

-1.710.788,00

-815.838,00

323.844,00

530.588,00

-2.432.247,00

6. Payments for investment (-).: 62100

-204.743,00

-90.076,00

-125.552,00

-85.495,00

-42.420,00

a) Companies of the group and affiliates. : 62101

-16.000,00

0,00

-11.636,00

b) Intangible fixed assets. : 62102

-86.119,00

-15.587,00

-68.714,00

-53.424,00

6.355,00

c) Fixed assets. : 62103

-93.249,00

-74.489,00

-56.838,00

-32.071,00

-33.697,00

e) Other financial assets. : 62105

-9.375,00

0,00

-3.442,00

7. Divestment payment collection (+). : 62200

0,00

12.193,00

414,00

0,00

b) Intangible fixed assets. : 62202

0,00

3.262,00

414,00

0,00

c) Fixed assets. : 62203

0,00

8.931,00

0,00

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

-204.743,00

-90.076,00

-113.359,00

-85.081,00

-42.420,00

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

0,00

233.088,00

a) Issuance of equity instruments (+). : 63101

0,00

233.088,00

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

1.711.583,00

995.867,00

-6.172,00

-10.311,00

13.095,00

a) Issuance : 63201

1.711.583,00

1.017.563,00

361.835,00

152.394,00

20.425,00

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

119.640,00

0,00

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

1.591.943,00

1.017.563,00

361.835,00

152.394,00

20.425,00

b) Repayment and amortization of : 63207

0,00

-21.696,00

-368.007,00

-162.705,00

-7.330,00

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

0,00

-8.007,00

-7.588,00

0,00

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

0,00

-19.065,00

-360.000,00

-155.117,00

0,00

5. Other debts (-). : 63212

0,00

-2.631,00

0,00

-7.330,00

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

-110.700,00

0,00

a) Dividends (-).: 63301

-110.700,00

0,00

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

1.600.883,00

995.867,00

-6.172,00

-10.311,00

246.183,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

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

-314.648,00

89.953,00

204.313,00

435.196,00

-2.228.484,00

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

1.381.226,00

1.291.274,00

1.086.961,00

651.765,00

3.113.727,00

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

1.066.578,00

1.381.227,00

1.291.274,00

1.086.961,00

651.765,00

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:

-0,01 %

0,01 %

0,00 %

0,06 %

-84,02 %

Net Financial Debt:

-1,09

2,06

-1,84

2,84

40,83

-27,57

Cash Flow Yield:

-0,02 %

0,01 %

0,03 %

-360,36 %

-83,55 %

EBITDA over Sales:

3,04 %

12,18 %

4,05 %

10,44 %

-25,02 %

16,69 %

Profitability

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

4,48 %

9,04 %

5,20 %

6,94 %

-13,78 %

30,36 %

Total economic profitability:

4,51 %

5,18 %

5,23 %

3,20 %

-13,63 %

62,00 %

Financial profitability:

53,92 %

7,81 %

82,31 %

4,16 %

-34,49 %

87,79 %

Margin:

2,69 %

7,93 %

3,64 %

6,34 %

-26,02 %

25,12 %

Mark-up:

2,69 %

7,37 %

3,66 %

3,79 %

-26,53 %

94,54 %

Solvency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,06

0,16

0,11

0,14

-41,66

14,02

Acid Test:

1,03

0,89

1,00

0,87

2,51

3,03

Working Capital / Investment:

0,04

0,03

49,91

3,76

Solvency:

1,05

1,20

1,03

1,19

1,34

1,33

Indebtedness

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

15,72

1,20

20,96

1,31

-25,01

-7,78

Borrowing Composition:

0,00

1,02

0,00

1,04

-1,80

Repayment Ability:

18,63

8,87

16,51

11,04

12,86

-19,73

Warranty:

1,06

1,85

1,05

1,78

1,51

3,69

Generated resources / Total creditors:

0,04

0,10

0,05

0,08

-11,04

26,81

Efficiency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,19

1,92

1,25

1,80

-4,81

6,93

Turnover of Collection Rights :

1,84

5,13

1,68

5,23

9,42

-1,83

Turnover of Payment Entitlements:

1,72

3,54

1,30

3,69

32,40

-4,22

Stock rotation:

98,61

8,15

53,46

7,79

84,46

4,53

Assets turnover:

1,67

1,14

1,43

1,09

16,54

4,20

Borrowing Cost:

0,05

2,35

0,00

2,45

-4,07

> 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:

-0,01 %

0,00 %

0,01 %

0,04 %

-0,29 %

Net Financial Debt:

-1,09

-1,84

1,84

-21,39

-19,58

Cash Flow Yield:

-0,02 %

0,01 %

0,03 %

0,07 %

-0,59 %

EBITDA over Sales:

3,04 %

4,05 %

-5,17 %

0,50 %

0,38 %

Profitability

2016

2015

2014

2013

2012

Operating economic profitability:

4,48 %

5,20 %

-10,85 %

0,18 %

0,02 %

Total economic profitability:

4,51 %

5,23 %

-10,72 %

0,25 %

0,13 %

Financial profitability:

53,92 %

82,31 %

-530,83 %

1,15 %

0,48 %

Margin:

2,69 %

3,64 %

-5,67 %

0,10 %

0,01 %

Mark-up:

2,69 %

3,66 %

-5,62 %

0,14 %

0,06 %

Solvency

2016

2015

2014

2013

2012

Liquidity:

0,06

0,11

0,18

0,21

0,19

Acid Test:

1,03

1,00

0,95

1,09

1,16

Working Capital / Investment:

0,04

0,03

-0,04

0,09

0,14

Solvency:

1,05

1,03

0,99

1,10

1,16

Indebtedness

2016

2015

2014

2013

2012

Indebtedness level:

15,72

20,96

67,27

7,96

5,39

Borrowing Composition:

0,00

Repayment Ability:

18,63

16,51

-10,01

103,44

107,43

Warranty:

1,06

1,05

1,02

1,13

1,19

Generated resources / Total creditors:

0,04

0,05

-0,07

0,01

Efficiency

2016

2015

2014

2013

2012

Productivity:

1,19

1,25

0,68

1,03

1,02

Turnover of Collection Rights :

1,84

1,68

2,53

2,19

2,50

Turnover of Payment Entitlements:

1,72

1,30

1,73

1,56

1,97

Stock rotation:

98,61

53,46

224,54

252,60

369,78

Assets turnover:

1,67

1,43

1,91

1,72

2,04

Borrowing Cost:

0,05

0,00

0,01

0,02

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

Organisation that calls the tender:

CONSEJERIA DE EDUCACION DE LA COMUNIDAD AUTONOMA DE MADRID

Objective of Tender:

Obras de sustitución de albardillas en el instituto "Antonio de Nebrija", en Móstoles, segunda fase

Date Awarded:

11/11/2009

Cost:

118.353,92 EURO.

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 64.14
UK Pound	1	INR 89.50
Euro	1	INR 79.43
Euro	1	INR 78.63

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

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	SYL

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

Branch Offices

Activity

Number of Employees

Chronological Summary

Main Historic Changes

Breakdown of Owners' Equity

Active Social Bodies

Historical Social Bodies

Executive board

Chronological summary

Basis for scoring

Probability of default

Recommended commercial credit

LEGAL CLAIMS

References

Link List

Turnover

Estimated Balance

Financial Accounts and Balance Sheets

CASHFLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

News

Public Tenders and Works Won

Research Summary

Sources

Unit