3decades

MIRA INFORM REPORT

Report No. :	489814
Report Date :	13.02.2018

IDENTIFICATION DETAILS

Name :	GRUPO AVINTIA SL

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

Country :	Spain

Financials (as on) :	2016

Date of Incorporation :	17.06.2010

Legal Form :	Private company

Line of Business :	Activities of holding companies

No. of Employees :	50

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

Status :	Activities of holding companies

Payment Behaviour :	Unknown

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:

GRUPO AVINTIA SL

NIF / Fiscal code:

B85984235

Status:

ACTIVE

Incorporation Date:

17/06/2010

Register Data

Last Publication in BORME:

23/01/2017 [Appointments]

Last Published Account Deposit:

2016

Share Capital:

259.779

Localization:

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

Telephone - Fax - Email - Website:

Telephone. 915 122 711 Email. info@grupoavintia.com Website. www.grupoavintia.com

Activity:

NACE:

6420 - Activities of holding companies

Registered Trademarks:

Audited / Opinion:

Si /

Tenders and Awards:

Subsidies:

0 for a total cost of 0

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

1.118,92

---

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

None

---

Proceedings heard by the Civil Court

---

Proceedings heard by the Labour Court

Unpublished

---

Partners:

PATRIMONIOS JIVAR 2000 SL

100 %

Enquiry Details

Identification

Social Denomination:

GRUPO AVINTIA SL

NIF / Fiscal code:

B85984235

Corporate Status:

ACTIVE

Start of activity:

2010

Registered Office:

C/ EMISORA, 20.

Locality:

POZUELO DE ALARCON

Province:

MADRID

Postal Code:

28224

Telephone:

915 122 711

Website:

www.grupoavintia.com

Email:

info@grupoavintia.com

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

Activity

NACE:

6420

Corporate Purpose:

The subject is engaged in hiring, exploiting, managing, promoting and preserving all sorts of public and private works.

Additional Information:

The subject belongs to the so-called 'GRUPO AVINTIA' and is engaged in the holding actitivites. The 'Grupo Avintia' is, apart from a construction company, a comprehensive services platform that manages and control all the real estate cycle, from the land development to the real estate management.

Additional Address:

The Registered Office and offices 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

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

Chronological Summary

Year

Act

2010

Appointments/ Re-elections (2) Company Formation (1)

2011

Appointments/ Re-elections (2)

2012

Accounts deposit (year 2010, 2011)

2013

Accounts deposit (year 2012) Appointments/ Re-elections (3) Cessations/ Resignations/ Reversals (2)

2014

Accounts deposit (year 2013) Appointments/ Re-elections (1) Capital Reduction (1) Increase of Capital (1) Statutory Modifications (1)

2015

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

2016

Accounts deposit (year 2015 consolidated, 2015) Appointments/ Re-elections (4) Cessations/ Resignations/ Reversals (2) Change of Social address (1) Declaration of Sole Propietorship (1)

2017

Accounts deposit (year 2016 consolidated) Appointments/ Re-elections (1)

2018

Accounts deposit (year 2016)

Breakdown of Owners' Equity

Registered Capital:

259.779

Paid up capital:

259.779

Updated Evolution of the Subscribed and Paid-in Capital

wordml://998

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

09/07/2010

Company Formation

4.001

21/03/2014

Capital Reduction

-1

4.000

21/03/2014

Increase of Capital

255.779

259.779

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

SINGLE PARTNER

PATRIMONIOS JIVAR 2000 SL

08/03/2016

PRESIDENT

MARTIN JIMENEZ ANTONIO

09/07/2010

MEMBER OF THE BOARD

MARTIN JIMENEZ ANTONIO

09/07/2010

PATRIMONIOS JIVAR 2000 SL

09/07/2010

JOINT ATTORNEY/COMBINED PROXY

GARCIA ACEBEDO ALFONSO JESUS

27/05/2013

PROXY

ORTIZ BLANCO JOSE

16/01/2017

PEREZ RAMOS JOSE

16/01/2017

GARCIA ACEVEDO ALONSO JESUS

16/01/2017

AMIGO GOMEZ LUIS JOSE

28/11/2016

CHIEF EXECUTIVE OFFICER

MARTIN JIMENEZ ANTONIO

09/07/2010

SECRETARY

PEREZ RAMOS JOSE

08/03/2016

REPRESENTATIVE

MARTIN JIMENEZ ANTONIO

09/07/2010

CONSOLIDATED ACCOUNTS' AUDITOR

PRICEWATERHOUSECOOPERS AUDITORES SL

10/04/2015

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

AMIGO GOMEZ LUIS JOSE

JOINT ATTORNEY/COMBINED PROXY

28/11/2016

GARCIA ACEBEDO ALONSO JESUS

JOINT ATTORNEY/COMBINED PROXY

08/03/2016

GARCIA ACEVEDO ALONSO JESUS

MEMBER OF THE BOARD

08/03/2016

JOINT ATTORNEY

08/03/2016

SECRETARY

08/03/2016

JOINT ATTORNEY/COMBINED PROXY

27/05/2013

ORTIZ BLANCO JOSE

PROXY

27/05/2013

JOINT ATTORNEY

16/01/2017

JOINT ATTORNEY/COMBINED PROXY

22/04/2014

PEREZ RAMOS JOSE

MEMBER OF THE BOARD

08/03/2016

PROXY

22/04/2014

PROXY

16/01/2017

JOINT ATTORNEY

30/05/2016

JOINT ATTORNEY/COMBINED PROXY

27/05/2013

JOINT ATTORNEY/COMBINED PROXY

27/05/2013

JOINT ATTORNEY/COMBINED PROXY

09/08/2013

PLAZA RUIZ JORGE

PROXY

27/05/2013

Executive board

Post

NIF

Name

CHIEF BUYER

ALBERTO ESCOLAR

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

22/08/2015

09/02/2018

Status: Friendly

217.52

22/08/2015

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

---

27/02/2017

16/11/2017

Proceedings heard by the Labour Court

Unpublished

---

> Details

IMPAGOS EN ENTIDADES FINANCIERAS Y GRANDES EMPRESAS

Section comprising a list of the instances of default recorded in the ASNEF Industrial file under the name of .

20.00% of contract defaults, which represent 19.44% of the amount, are in amicable debt collection status; the creditor entities have not initiated legal action for recovery.

The total unpaid amount registered with ASNEF Empresas is the maximum one among all of this debtor's reported defaults available.

Highlight that the Company has payment defaults older than twelve months.

List of current instances of default for each of the transactions in progress

Type of creditor

Product

Value of transactions (€)

Status

No. of defaults

Default balance (€)

Date of first default

Date of last default

INDUSTRIA

Otros

661.76

Otros

---

661.76

22/10/15

INDUSTRIA

Otros

217.52

Amistoso

---

217.52

22/08/15

INDUSTRIA

Otros

101.48

Otros

---

101.48

22/12/15

INDUSTRIA

Otros

94.94

Otros

---

94.94

16/12/15

INDUSTRIA

Otros

43.22

Otros

---

43.22

16/02/16

1.118,92

Default by status

wordml://2118

Age of current debt

wordml://2131

Change in values of defaults and settled debts

Changes in defaults by status

wordml://2150

Changes in defaults by product

Change in values of defaults and settled debts

wordml://2168

Legal Notice:

This data has been obtained from consultation of the ASNEF Industrial register. It may only be used for the purposes of awarding credit, monitoring credit and managing loans. This data may not be reused or included in any database, and may not be ceded .

Basis for scoring

Positive Factors

Adverse Factors

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

Not published

PROCEDURES BEFORE COURTS OF CIVIL MATTERS

Procedures by the Civil Procedural Law 1/2000

2 Legal Claims for a total cost of 830,00 E

Proceedings by the old Civil Procedural Law 1.881

Not published

PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL

Proceedings before the Industrial Tribunal

Not published

Incidences Detailed

Procedures by the Civil Procedural Law 1/2000

IN THE SOCIAL COURT Nº 2 DE MOSTOLES (MADRID) - Date 16/11/2017

Last Published Stage:

SENTENCE

Record Number:

342/2017

Amount of the incidence:

829,74 E

Requested by:

LEOPOLDO RICO SANCHEZ

Published domicile:

MOSTOLES (MADRID)

Source:

BOLETIN OFICIAL DE LA COMUNIDAD DE MADRID Nº295, 2017 PAGINA 336

IN THE SOCIAL COURT Nº 2 DE ALBACETE - Date 27/02/2017

Last Published Stage:

COURT SUMMONS

Record Number:

798/2016

Requested by:

BALTASAR TORRES GARCIA

Published domicile:

ALBACETE

Source:

BOLETIN OFICIAL DE LA COMUNIDAD DE MADRID Nº68, 2017 PAGINA 337

Guarantees

References

Link List

PARTICIPATES IN:

34 Entities

SHAREHOLDERS:

1 Entities

BELONGS TO THE ADMINISTRATION BOARD OF:

14 Entities

HAS IN ITS ADMINISTRATION BOARD TO:

1 Entities

IS RELATED WITH:

11 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

PATRIMONIOS JIVAR 2000 SL

MADRID

100

PARTICIPATES IN

AVINTIA PROYECTOS Y CONSTRUCCIONES SL

MADRID

BRICK O'CLOCK SL

MADRID

100

AVINTIA DESARROLLOS INMOBILIARIOS SL

MADRID

100

AVINTIA GRUPO HOTELERO SL

MADRID

100

AVINTIA EMPRESAS LEVANTE SL

MADRID

100

AVINTIA TERCIARIO SL

MADRID

100

AVINTIA ACTIVOS PATRIMONIALES SL

MADRID

100

AVINTIA INTERNATIONAL SL

MADRID

100

BALTERPLAN SL

MADRID

AVINTIA DESARROLLOS HOTELEROS SL

MADRID

100

AVINTIA DESARROLLOS HOTELEROS SUR SL

MADRID

AVINFORMA SERVICIOS INFORMATICOS SL

MADRID

100

ACTIVOS SINGULARES HOTELEROS SL

MADRID

100

AVIFERCO SAS (COLOMBIA)

AVINTIA RACING TEAM, S.L.

AVORA SAS (COLOMBIA)

INDIPSA PERU SAC

TERBAL 2014, S.L.

UNION TEMPORAL DE EMPRESAS FRACOS

UNION TEMPORAL DE EMPRESAS SEVILLAS LA NUEVA

VIVIENDAS Y SOLUCIONES, S.L.

MINDELO DIRECTORSHIP SL

MADRID

ACTA DE DISEÑO Y GESTION URBANO, SOCIEDAD ANONIMA, C (PERU)

AVINTIA DESARROLLOS HOTELEROS ISLANTIL

AVINTIA EMPRESAS SL

MADRID

100

CAAF CONSTRUCTORA COLOMBIA

DNA REAL ESTATE LUXURY SOLUTIONS SL

BARCELONA

GENARLAR INMUEBLES, S.L.

POSNOVA INMUEBLES

UNION TEMPORAL DE EMPRESAS MISASIERRA

AVINTIA PERU SAC (PERU)

DESARROLLOS SOVEFIN 6, S.L.

RETIRO DE INMUEBLES, S.L.

UNION TEMPORAL DE EMPRESAS LEGATEC

> Other relationships

Relationship

Entity

Province

Shareholding stake

IS RELATED WITH

| |

ACTIVOS SINGULARES HOTELEROS SL

MADRID

AVINFORMA SERVICIOS INFORMATICOS SL

MADRID

AVINTIA EMPRESAS SL

MADRID

AVINTIA EUSKADI SOCIEDAD LIMITADA

VIZCAYA

DELFOS ACTIVOS INMOBILIARIOS SOCIMI SA

MADRID

IS RELATED WITH

AELCA DESARROLLOS INMOBILIARIOS SL

MADRID

AVINTIA INTERNATIONAL SL

MADRID

AVINTIA DESARROLLOS HOTELEROS SL

MADRID

AVINTIA EMPRESAS SL

MADRID

VESTIS URBANA SL

MADRID

ABAN DESARROLLOS INMOBILIARIOS SL

MADRID

HAS IN ITS ADMINISTRATION BOARD TO

PATRIMONIOS JIVAR 2000 SL

MADRID

AVINTIA GRUPO HOTELERO SL

MADRID

AVINTIA EMPRESAS LEVANTE SL

MADRID

AVINTIA TERCIARIO SL

MADRID

AVINTIA ACTIVOS PATRIMONIALES SL

MADRID

AVINTIA EUSKADI SOCIEDAD LIMITADA

VIZCAYA

AVINTIA EMPRESAS SL

MADRID

ACTIVOS SINGULARES HOTELEROS SL

MADRID

AVINFORMA SERVICIOS INFORMATICOS SL

MADRID

AVINTIA DESARROLLOS HOTELEROS SL

MADRID

BELONGS TO THE ADMINISTRATION BOARD OF

AVINTIA INFRAESTRUCTURAS SA

MADRID

AVINTIA RACING SL

MADRID

BRICK O'CLOCK SL

MADRID

AVINTIA DESARROLLOS INMOBILIARIOS SL

MADRID

AVINTIA INTERNATIONAL SL

MADRID

Turnover

Total Sales 2016

3.309.317,32

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

Estimated Balance

Given the features of the subject at matter, we cannot include any accounts in this section.

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2016

Consolidadas

October 2017

2016

Normales

January 2018

2015

Consolidadas

December 2016

2015

Normales

October 2016

2014

Consolidadas

October 2015

2014

Normales

September 2015

2013

Normales

September 2014

2012

Normales

November 2013

2011

Normales

October 2012

2010

Normales

January 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

> Balance en formato Abreviado de acuerdo al Nuevo Plan General Contable 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

19.654.488,00

18.224.925,00

12.451.579,00

8.843.300,00

6.327.800,00

I. Intangible fixed assets : 11100

1.427.650,00

9.673,00

0,00

II. Tangible fixed assets : 11200

296.570,00

1.231.500,00

0,00

1.166.500,00

III. Real estate investment: 11300

1.166.500,00

0,00

1.166.500,00

0,00

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

16.665.252,00

16.983.752,00

11.285.079,00

7.676.800,00

5.161.300,00

V. Long-term financial investments: 11500

98.516,00

0,00

VI. Assets for deferred tax : 11600

0,00

VII. Non-current trade debtors : 11700

0,00

B) CURRENT ASSETS: 12000

2.896.028,00

976.882,00

1.112.088,00

994.188,00

1.051.929,00

I. Non-current assets held for sale : 12100

0,00

II. Stocks: 12200

45.819,00

283.237,00

408.377,00

III. Trade debtors and others receivable accounts: 12300

2.707.943,00

543.221,00

573.732,00

436.100,00

55.911,00

1.- Customers for sales and provisions of services : 12380

2.702.968,00

538.325,00

572.733,00

436.100,00

55.911,00

a) Long-term receivables from sales and services supplied : 12381

0,00

b) Customers for sales and provisions of services : 12382

2.702.968,00

538.325,00

572.733,00

436.100,00

55.911,00

2.- Called up share capital : 12370

0,00

3.- Other accounts receivable : 12390

4.974,00

4.897,00

999,00

0,00

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

3.537,00

11.842,00

0,00

316,00

V. Short-term financial investments : 12500

20.311,00

0,00

5.842,00

2.809,00

0,00

VI. Short-term accruals: 12600

0,00

VII. Cash and other equivalent liquid assets : 12700

118.417,00

138.581,00

124.136,00

146.902,00

587.324,00

TOTAL ASSETS (A + B) : 10000

22.550.515,00

19.201.807,00

13.563.667,00

9.837.488,00

7.379.729,00

ORIGINAL

Liabilities and Net Worth

2016

2015

2014

2013

2012

A) NET WORTH: 20000

8.674.970,00

8.664.820,00

3.498.626,00

88.244,00

57.161,00

A1) Shareholders' equity : 21000

8.674.970,00

8.664.820,00

3.498.626,00

88.244,00

57.161,00

I. Capital: 21100

259.779,00

4.001,00

1.- Registered capital: 21110

259.779,00

4.001,00

2.- (Uncalled capital) : 21120

0,00

II. Share premium: 21200

3.137.501,00

0,00

III. Reserves: 21300

5.267.539,00

101.346,00

84.243,00

53.160,00

18.211,00

1. Capitalisation Reserves: 21350

0,00

2. Otras Reservas: 21360

5.267.539,00

0,00

IV. (Common stock equity): 21400

0,00

V. Profit or loss brought forward: 21500

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

15.120.850,00

6.166.193,00

17.103,00

31.082,00

34.950,00

VIII. (Interim dividend): 21800

-15.110.700,00

-1.000.000,00

0,00

IX. Other net worth instruments: 21900

0,00

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

0,00

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

0,00

B) NON-CURRENT LIABILITIES: 31000

10.357.900,00

9.844.337,00

9.554.542,00

9.326.262,00

401.772,00

I. Long-term provisions: 31100

0,00

II. Long-term creditors : 31200

0,00

52.122,00

203.724,00

401.772,00

1.- Amounts owed to credit institutions: 31220

0,00

52.122,00

203.724,00

401.772,00

2.- Creditors from financial leasing : 31230

0,00

3.- Other long-term creditors : 31290

0,00

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

10.357.900,00

9.844.337,00

9.502.420,00

9.122.539,00

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

3.517.645,00

692.650,00

510.498,00

422.982,00

6.920.795,00

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

0,00

II. Short-term provisions: 32200

0,00

III. Short-term creditors : 32300

0,00

146.609,00

200.014,00

236.595,00

1.- Amounts owed to credit institutions: 32320

0,00

146.609,00

200.014,00

201.146,00

2.- Creditors from financial leasing : 32330

0,00

3.- Other short-term creditors : 32390

0,00

35.449,00

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

373.504,00

127.743,00

7.326,00

688,00

6.492.864,00

V. Trade creditors and other accounts payable: 32500

3.144.141,00

564.907,00

356.563,00

222.280,00

191.336,00

1.- Suppliers: 32580

2.972.574,00

333.811,00

63.547,00

18.297,00

1.430,00

a) Long-term debts : 32581

0,00

b) Short-term debts : 32582

2.972.574,00

333.811,00

63.547,00

18.297,00

1.430,00

2.- Other creditors : 32590

171.568,00

231.096,00

293.016,00

203.983,00

189.907,00

VI. Short-term accruals: 32600

0,00

VII. Special short-term debts : 32700

0,00

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

22.550.515,00

19.201.807,00

13.563.667,00

9.837.488,00

7.379.729,00

ORIGINAL

Profit and Loss

2016

2015

2014

2013

2012

1. Net turnover: 40100

3.309.317,00

1.616.994,00

1.312.920,00

1.008.500,00

738.733,00

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

0,00

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

0,00

4. Supplies : 40400

-131.300,00

0,00

-161,00

0,00

-1.211,00

5. Other operating income: 40500

630,00

24,00

0,00

6. Personnel costs: 40600

-1.458.714,00

-936.027,00

-791.505,00

-486.482,00

-420.738,00

7. Other operating costs: 40700

-1.367.456,00

-663.411,00

-106.791,00

-102.333,00

-15.499,00

8. Amortisation of fixed assets: 40800

-207.336,00

-2.227,00

0,00

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

-112.977,00

0,00

12. Negative difference in combined businesses: 41200

0,00

13. Other results : 41300

0,00

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

145.141,00

-97.624,00

414.463,00

419.685,00

301.285,00

14. Financial income : 41400

15.110.730,00

1.000.196,00

96,00

2,00

1.939,00

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

0,00

b) Other financial income: 41490

15.110.730,00

1.000.196,00

96,00

2,00

1.939,00

15. Financial expenditure: 41500

-135.020,00

-397.051,00

-390.126,00

-375.283,00

-253.296,00

16. Changes in fair value of financial instruments : 41600

0,00

17. Exchange rate differences : 41700

0,00

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

0,00

5.660.672,00

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

B) FINANCIAL REVENUE (14 + 15 + 16 + 17 + 18 + 19) : 49200

14.975.709,00

6.263.817,00

-390.029,00

-375.281,00

-251.357,00

C) NET RESULT BEFORE TAXES (A + B) : 49300

15.120.850,00

6.166.193,00

24.433,00

44.403,00

49.928,00

20. Income taxes: 41900

0,00

-7.330,00

-13.321,00

-14.978,00

D) RESULT OF THE PERIOD (C + 20) : 49500

15.120.850,00

6.166.193,00

17.103,00

31.082,00

34.950,00

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

15.120.850,00

6.166.193,00

24.433,00

44.403,00

49.928,00

2. Results adjustments.: 61200

-14.768.373,00

-600.918,00

390.029,00

375.281,00

251.357,00

a) Fixed Assets Amortization (+).: 61201

207.336,00

2.227,00

0,00

g) Financial income (-).: 61207

-15.110.730,00

-1.000.196,00

-96,00

-2,00

-1.939,00

h) Financial Expenses (+). : 61208

135.020,00

397.051,00

390.126,00

375.283,00

253.296,00

3. Changes in current capital equity.: 61300

639.924,00

357.995,00

-13.713,00

-365.059,00

492.715,00

a) Stock (+/-).: 61301

237.417,00

125.140,00

0,00

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

-2.164.721,00

30.511,00

-137.632,00

-380.189,00

367.891,00

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

-12.006,00

-6.000,00

-3.034,00

-2.493,00

-316,00

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

2.579.234,00

208.344,00

126.953,00

17.622,00

125.140,00

4. Cash Flows from Other Operating Activities: 61400

14.975.709,00

603.145,00

-390.029,00

-375.281,00

-251.357,00

a) Interest payments (-). : 61401

-135.020,00

-397.051,00

-390.126,00

-375.283,00

-253.296,00

c) Interest collection (+). : 61403

15.110.730,00

1.000.196,00

96,00

2,00

1.939,00

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

15.968.111,00

6.526.415,00

10.721,00

-320.656,00

542.643,00

6. Payments for investment (-).: 62100

-2.682.993,00

-6.939.846,00

-4.774.779,00

-2.515.500,00

-5.161.300,00

a) Companies of the group and affiliates. : 62101

0,00

-5.698.673,00

-3.608.279,00

-2.515.500,00

-5.161.300,00

b) Intangible fixed assets. : 62102

-1.417.977,00

-9.673,00

0,00

c) Fixed assets. : 62103

0,00

-1.231.500,00

0,00

d) Real estate investment. : 62104

-1.166.500,00

0,00

-1.166.500,00

0,00

e) Other financial assets. : 62105

-98.516,00

0,00

7. Divestment payment collection (+). : 62200

1.253.430,00

1.166.500,00

0,00

974.300,00

a) Companies of the group and affiliates. : 62201

318.500,00

0,00

c) Fixed assets. : 62203

934.930,00

0,00

1.166.500,00

0,00

d) Real estate investment. : 62204

0,00

1.166.500,00

0,00

e) Other financial assets. : 62205

0,00

974.300,00

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

-1.636.899,00

-5.775.573,00

-3.608.279,00

-2.515.500,00

-4.187.000,00

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

-1.000.000,00

0,00

3.393.279,00

0,00

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

0,00

3.393.279,00

0,00

b) Amortization of assets instruments (-). : 63102

-1.000.000,00

0,00

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

759.324,00

263.602,00

181.513,00

2.395.734,00

3.955.641,00

a) Issuance : 63201

759.324,00

462.334,00

386.520,00

9.122.539,00

4.554.221,00

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

0,00

401.772,00

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

759.324,00

462.334,00

386.520,00

9.122.539,00

4.117.000,00

5. Other debts (+). : 63206

0,00

35.449,00

b) Repayment and amortization of : 63207

0,00

-198.731,00

-205.007,00

-6.726.805,00

-598.580,00

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

0,00

-205.007,00

-199.179,00

-598.580,00

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

0,00

-6.492.176,00

0,00

5. Other debts (-). : 63212

0,00

-198.731,00

0,00

-35.449,00

0,00

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

-14.110.700,00

-1.000.000,00

0,00

a) Dividends (-).: 63301

-14.110.700,00

-1.000.000,00

0,00

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

-14.351.376,00

-736.398,00

3.574.792,00

2.395.734,00

3.955.641,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

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

-20.164,00

14.445,00

-22.766,00

-440.422,00

311.284,00

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

138.581,00

124.136,00

146.902,00

587.324,00

276.040,00

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

118.417,00

138.581,00

124.136,00

146.902,00

587.324,00

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 %

0,11 %

0,01 %

0,02 %

-168,21 %

485,43 %

Net Financial Debt:

-0,39

3,12

-7,88

3,74

95,01

-16,77

Cash Flow Yield:

0,00 %

0,03 %

0,00 %

0,01 %

505,27 %

EBITDA over Sales:

10,65 %

11,13 %

1,09 %

11,51 %

879,68 %

-3,29 %

Profitability

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

2,52 %

4,35 %

-4,42 %

4,58 %

156,92 %

-4,96 %

Total economic profitability:

67,65 %

3,52 %

34,18 %

3,84 %

97,93 %

-8,14 %

Financial profitability:

174,30 %

3,90 %

71,16 %

4,67 %

144,93 %

-16,50 %

Margin:

4,38 %

6,75 %

-6,04 %

7,44 %

172,63 %

-9,19 %

Mark-up:

456,83 %

7,50 %

381,33 %

8,66 %

19,80 %

-13,35 %

Solvency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,03

0,27

0,20

0,23

-83,17

16,96

Acid Test:

0,81

1,08

1,00

0,97

-19,09

10,75

Working Capital / Investment:

-0,03

0,13

0,01

0,10

-286,23

30,28

Solvency:

0,82

1,68

1,41

1,48

-41,63

13,48

Indebtedness

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

1,60

0,82

1,22

0,88

31,53

-7,43

Borrowing Composition:

2,94

1,14

14,21

1,09

-79,28

4,73

Repayment Ability:

39,37

13,53

599,37

14,14

-93,43

-4,30

Warranty:

1,63

2,23

1,82

2,14

-10,82

4,51

Generated resources / Total creditors:

1,10

0,08

0,05

0,10

2.192,51

-17,74

Efficiency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,24

1,52

1,02

1,57

21,87

-2,84

Turnover of Collection Rights :

1,22

4,24

2,98

3,80

-58,94

11,66

Turnover of Payment Entitlements:

0,48

2,79

1,17

2,72

-59,41

2,37

Stock rotation:

69,07

2,65

5,65

2,90

1.121,45

-8,82

Assets turnover:

0,57

0,64

0,73

0,62

-21,64

4,66

Borrowing Cost:

0,97

2,32

3,77

2,40

-74,18

-3,50

> 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 %

0,01 %

-0,02 %

-0,44 %

0,42 %

Net Financial Debt:

-0,39

-7,88

0,17

0,61

0,17

Cash Flow Yield:

0,00 %

-0,04 %

0,04 %

EBITDA over Sales:

10,65 %

1,09 %

31,57 %

41,61 %

40,78 %

Profitability

2016

2015

2014

2013

2012

Operating economic profitability:

2,52 %

-4,42 %

18,24 %

19,45 %

13,58 %

Total economic profitability:

67,65 %

34,18 %

3,06 %

4,27 %

4,11 %

Financial profitability:

174,30 %

71,16 %

0,49 %

35,22 %

61,14 %

Margin:

4,38 %

-6,04 %

31,57 %

41,61 %

40,78 %

Mark-up:

456,83 %

381,33 %

1,86 %

4,40 %

6,76 %

Solvency

2016

2015

2014

2013

2012

Liquidity:

0,03

0,20

0,24

0,35

0,08

Acid Test:

0,81

1,00

1,38

0,09

Working Capital / Investment:

-0,03

0,01

0,04

0,06

-0,80

Solvency:

0,82

1,41

2,18

2,35

0,15

Indebtedness

2016

2015

2014

2013

2012

Indebtedness level:

1,60

1,22

2,88

110,48

128,10

Borrowing Composition:

2,94

14,21

18,72

22,05

0,06

Repayment Ability:

39,37

599,37

24,28

23,23

24,30

Warranty:

1,63

1,82

1,35

1,01

Generated resources / Total creditors:

1,10

0,05

0,00

Efficiency

2016

2015

2014

2013

2012

Productivity:

1,24

1,02

1,52

1,86

1,72

Turnover of Collection Rights :

1,22

2,98

2,29

2,31

13,21

Turnover of Payment Entitlements:

0,48

1,17

0,30

0,46

0,09

Stock rotation:

69,07

5,65

2,20

1,44

1,07

Assets turnover:

0,57

0,73

0,58

0,47

0,33

Borrowing Cost:

0,97

3,77

3,88

3,85

3,46

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

Europa Press

31/01/2018

Grupo Avintia reduce su siniestralidad un 17,79% con la campaña 'Cero Daños'

Companies related

LA VANGUARDIA

11/12/2017

Avintia Construcción comienza en Málaga capital las obras de la promoción Teatinos Sky Garden, de 297 viviendas

Companies related

AVINTIA PROYECTOS Y CONSTRUCCIONES SL

Public Tenders and Works Won

No Public Tenders assigned to the name of the company.

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 64.28
UK Pound	1	INR 89.02
Euro	1	INR 78.93
Euro	1	INR 79.16

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

INFORMATION DETAILS

Analysis Done by :	VAR

Report Prepared by :	KET

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

Enquiry Details

Identification

Branch Offices

Activity

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

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

LEGAL CLAIMS

Guarantees

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