|
|
|
MIRA INFORM REPORT
|
Report No. : |
491777 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ONFIBERS SOCIEDAD LIMITADA |
|
|
|
|
Registered Office : |
AV/ San Francisco, 2 PTA-1. - Ontinyent - 46870 - Valencia |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2015 |
|
|
|
|
Date of Incorporation : |
12.01.2007 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of textiles |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SPAIN - ECONOMIC OVERVIEW
After 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: |
ONFIBERS SOCIEDAD LIMITADA |
|
NIF / Fiscal code: |
B97852610 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
12/01/2007 |
|
Register Data |
Register Section 8 Sheet 119646 |
|
Last Publication in
BORME: |
29/03/2017 [Miscellaneous Concepts] |
|
Last Published Account Deposit: |
2015 |
|
Share Capital: |
4.000 |
|
|
|
|
Localization: |
AV/ SAN FRANCISCO, 2 PTA-1. - ONTINYENT - 46870 - VALENCIA |
|
Telephone - Fax - Email - Website: |
Telephone. 962 911 237 |
|
|
|
|
Activity: |
|
|
NACE: |
4641 - Wholesale of textiles |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
No |
|
Tenders and Awards: |
|
|
Subsidies: |
0 for a total cost of 0 |
|
Quality Certificate: |
No |
|
|
|
|
Payment Behaviour: |
Unknown |
|
Prospects: |
Consolidation |
|
Industry situation: |
Maturity |
|
|
|
|
Defaults, Legal
Claims and Insolvency Proceedings : |
|
|
|
|
|
|
|
Number |
Amount (€) |
Most Recent Entry |
|
Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
|
None |
--- |
--- |
|
Judicial Claims (Notices, Executive Proceedings, Attachments,
Auctions, Bad Debt) |
|
None |
0 |
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
0 |
--- |
|
Proceedings heard by the Labour Court |
|
Unpublished |
0 |
--- |
|
|
|
Partners: |
|
|
|
Shares: |
0 |
|
|
Other Links: |
0 |
|
|
No. of Active Corporate Bodies: |
JOINT MANAGER 2 |
|
|
Ratios |
2015 |
2014 |
Change |
|
|
|
|
|
Guarantees: |
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources NO, Guarantees NO |
|
|
|
|
INVESTIGATION SUMMARY |
|
|
The Company was incorporated in 2007, engaged in the wholesale
of textile fibers and semi-elaborated products. Its commercial scope is
mainly international (95%) There are no bad comments in the consulted sources
and since it was not possible to verify its financial evolution, we recommend
a close follow up of company's evolution. |
|
|
Interviewed Person: |
|
Enquiry Details
|
Identification
|
|
|
Social Denomination: |
ONFIBERS
SOCIEDAD LIMITADA |
|
NIF / Fiscal code: |
B97852610 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
2007 |
|
Registered Office: |
AV/ SAN
FRANCISCO, 2 PTA-1. |
|
Locality: |
ONTINYENT |
|
Province: |
VALENCIA |
|
Postal Code: |
46870 |
|
Telephone: |
962 911 237 |
|
Fax: |
962 910 154 |
|
Interviewed Person: |
Mr.: Roberto |
Branch Offices
Activity
|
|
|
NACE: |
4641 |
|
CNAE Obtaining Source: |
4641 |
|
Corporate Purpose: |
THE SUBJECT IS ENGAGED THE WHOLESALE OF FIBERS AND TEXTILE MACHINERY, AND TEXTILE PRODUCTS, SEMI-ELABORATED. REAL STATE PROMOTION, RURAL OR URBAN PROPERTIES AND THE CONSTRUCTION, PROMOTION, BUILDINGS OF ALL KINDS. |
|
Additional Information: |
Wholesale of textile fibers and semi-elaborated products. |
|
Additional Address: |
Registered office, offices and other premises located at the heading address. |
|
Franchise: |
No |
|
Import / export: |
IMPORT / EXPORT |
|
Future Perspective: |
Consolidation |
|
Industry situation: |
Maturity |
|
|
|
|
Number
of Employees
|
|
|
|
|
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
|
2018 |
2 |
|
|
|
The data of
employees is from the latest available financial statements. Failing that, are estimates
data calculated by statistical methods
|
Chronological
Summary
|
|||
|
|
|
|
|
|
|
Year |
Act |
|
|
|
2007 |
Appointments/ Re-elections (1) Company Formation (1)
Declaration of Sole Propietorship (1) |
|
|
|
2008 |
Accounts deposit (year 2007) |
|
|
|
2009 |
Accounts deposit (year 2008) |
|
|
|
2010 |
Accounts deposit (year 2009) |
|
|
|
2011 |
Accounts deposit (year 2010) |
|
|
|
2013 |
Accounts deposit (year 2011, 2012) |
|
|
|
2014 |
Accounts deposit (year 2013) |
|
|
|
2015 |
Accounts deposit (year 2014) |
|
|
|
2016 |
Accounts deposit (year 2015) |
|
|
|
2017 |
Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals
(1) Loss of the sole propietorship condition (1) Other Concepts/ Events (1) |
|
|
Breakdown
of Owners' Equity
|
|
|
Registered Capital: |
4.000 |
|
Paid up capital: |
4.000 |
|
Updated
Evolution of the Subscribed and Paid-in Capital
|
|||||
|
|
|
|
|
|
|
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
02/03/2007 |
Company Formation |
4.000 |
4.000 |
4.000 |
4.000 |
|
Active
Social Bodies
|
|
|
|
|
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
|
JOINT MANAGER |
CASTELLS LEON MARIA ANTONIA |
22/03/2017 |
3 |
|
|
JORDAN CASTELLS VICENTE |
22/03/2017 |
1 |
|
Historical
Social Bodies
|
|
|
|
|
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
CASTELLS LEON MARIA ANTONIA |
SINGLE ADMINISTRATOR |
22/03/2017 |
3 |
|
|
SINGLE PARTNER |
22/03/2017 |
|
|
Executive
board
|
||
|
|
|
|
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
MARIA ANTONIA CASTELLS LEON |
|
ADMINISTRATOR |
|
VICENTE JORDAN CASTELLS |
Defaults,
Legal Claims and Insolvency Proceedings
|
|
|
|
|
Section enabling assessment of the degree of compliance of
the company queried with its payment obligations. It provides information on
the existence and nature of all stages of Insolvency and Legal Proceedings
published with reference to the Company in the country's various Official
Bulletins and national newspapers, as well Defaults Registered in the main
national credit bureaus (ASNEF Industrial and RAI ).
> Summary
Chronological summary
|
|
|
Number of Publications |
Amount (€) |
Start date |
End date |
|
Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
--- |
|
Request/Declaration |
|
0 |
--- |
date |
|
|
Proceedings |
|
--- |
--- |
|
--- |
|
Resolution |
|
--- |
--- |
|
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
Bank and Commercial Delinquency |
None |
0 |
|
|
|
Status: Friendly |
|
--- |
|
|
|
|
Status: Pre-Litigation |
|
--- |
|
|
|
|
Status: Litigation |
|
--- |
|
|
|
|
Status: Non-performing |
|
--- |
|
|
|
|
Status: insolvency proceedings, bankruptcy and suspension of
payments |
|
--- |
|
|
|
|
Other status |
|
--- |
|
|
|
|
Legal and Administrative Proceedings |
|
Unpublished |
--- |
|
|
|
Notices of defaults and enforcement |
|
--- |
--- |
|
--- |
|
Seizures |
|
--- |
--- |
|
--- |
|
Auctions |
|
--- |
--- |
|
--- |
|
Declarations of insolvency and bad debt |
|
--- |
--- |
|
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
--- |
|
|
|
Proceedings heard by the Labour Court |
|
Unpublished |
--- |
|
|
> Details
> Basis for
scoring
|
Positive Factors |
Adverse Factors |
|
|
It does not have any financial profitability.. ONFIBERS SOCIEDAD
LIMITADA It does not obtain any financial return as a consequence of its
subscribed capital which, a priori, might deteriorate its financial and
economic situation. It presents a poor productivity. Net margin shows an
inappropriate company costs management as operating expenses exceed income. Private consumption continues to have, in spite of some
signs of improvement, very low rates , thus showing great weakness. In the past year the company has suffered terminations or
resignations of corporate bodies . Instability in the management and
administration of the company may affect the operational structure of the
company disfavoring the long-term growth. |
Probability
of default
|
> Estimated Probability of Default for the next 12 months: 7.088 %
|
Sector in which comparison is carried out: 464 Wholesale of household goods |
|
|
Relative Position:
|
The company's comparative analysis with the rest of the companies that comprise the sector, shows the company holds a worse position with regard to the probability of non-compliance.
The 24.00% of the companies of the sector ONFIBERS SOCIEDAD LIMITADA belongs to shows a lower probability of non-compliance.
The probability of the company's non-compliance with its payment obligations within deadlines estimated by our qualifications models is 7,088%.
In the event they fail to comply with the payment, the seriousness of the loss will depend on factors such as the promptness of the commencement of the charging management, the existence of executive documents which match the credit or the existence of guarantees and free debt assets under the name of the debtor. Therefore, the probability of non-compliance should not be solely interpreted as the total loss of the owed amount.
Result of query
submitted to the R.A.I. (Spanish Bad Debt Register) on
LEGAL
CLAIMS
|
|
Summary of Judicial Claims |
|
|
|
|
|
|
|
|
||
|
|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
||
|
|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
||
|
|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
||
|
|
|
Not published |
|
Guarantees
|
References |
|
|
|
|
|
Turnover
|
|
|
Total Sales 2015 |
0 |
The sales data
is from the latest available financial statements. Failing that, are estimates data
calculated by statistical methods.
|
Estimated
Balance
|
|
The last
figures of the Mercantile Registry are those ending on 31-12-2015, so since
we don't have the accounts for the last two years, and not knowing their accounting
developments in this last year, we cannot include these figures in the
report. |
Financial
Accounts and Balance Sheets
|
Financial Years
Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2015 |
Normales |
September 2016 |
|
2014 |
Normales |
November 2015 |
|
2013 |
Normales |
November 2014 |
|
2012 |
Normales |
October 2013 |
|
2011 |
Normales |
October 2013 |
|
2010 |
Normales |
September 2011 |
|
2009 |
Normales |
September 2010 |
|
2008 |
Normales |
September 2009 |
|
2007 |
Normales |
August 2008 |
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 31/12/2015
> Balance en formato Pyme de acuerdo al Nuevo Plan
General Contable 2007
Information
corresponding to the fiscal year 2015 2014 is taken from information
submitted to the TRADE REGISTER. Data corresponding to fiscal years before
2015 2014 has been compiled based on the equivalence criteria
stipulated in Act JUS/206/2009. Where the provisions of the Act did not
establish relevant equivalence criteria. To view details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
|
|
Assets |
2015 |
2014 |
|
|
A) NON-CURRENT ASSETS: 11000 |
327,00 |
327,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
0,00 |
0,00 |
|
|
III. Real estate investment: 11300 |
0,00 |
0,00 |
|
|
IV. Long-term investments in Group
companies and associates : 11400 |
0,00 |
0,00 |
|
|
V. Long-term financial investments:
11500 |
327,00 |
327,00 |
|
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
|
|
VII. Non-current trade debtors :
11700 |
0,00 |
0,00 |
|
|
B) CURRENT ASSETS: 12000 |
509,00 |
731,00 |
|
|
I. Stocks : 12200 |
0,00 |
0,00 |
|
|
II. Trade debtors and others receivable
accounts : 12300 |
368,00 |
304,00 |
|
|
1. Trade debtors /
accounts receivable: 12380 |
0,00 |
0,00 |
|
|
a) Long-term receivables from sales and services supplied : 12381 |
0,00 |
0,00 |
|
|
b)
Customers for sales and provisions of services : 12382 |
0,00 |
0,00 |
|
|
2. Called up share
capital: 12370 |
0,00 |
0,00 |
|
|
3. Other accounts
receivable : 12390 |
368,00 |
304,00 |
|
|
III. Short-term investment in Group
companies and associates: 12400 |
0,00 |
0,00 |
|
|
IV. Short-term financial investments :
12500 |
0,00 |
0,00 |
|
|
V. Short-term accruals : 12600 |
0,00 |
0,00 |
|
|
VI. Cash and other equivalent liquid assets
: 12700 |
142,00 |
427,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
837,00 |
1.058,00 |
|
|
|
ORIGINAL |
ORIGINAL |
|
|
Liabilities and Net Worth |
2015 |
2014 |
|
|
A) NET WORTH: 20000 |
766,00 |
987,00 |
|
|
A-1) Shareholders' equity: 21000 |
766,00 |
987,00 |
|
|
I. Capital: 21100 |
4.000,00 |
4.000,00 |
|
|
1. Registered capital
: 21110 |
4.000,00 |
4.000,00 |
|
|
2. (Uncalled capital):
21120 |
0,00 |
0,00 |
|
|
II. Share premium: 21200 |
0,00 |
0,00 |
|
|
III. Reserves: 21300 |
0,00 |
0,00 |
|
|
1. Capitalisation
Reserves: 21350 |
0,00 |
0,00 |
|
|
2. Otras Reservas:
21360 |
0,00 |
0,00 |
|
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward:
21500 |
-3.013,00 |
-2.747,00 |
|
|
VI. Other shareholders'
contributions: 21600 |
0,00 |
0,00 |
|
|
VII. Result of the period: 21700 |
-222,00 |
-266,00 |
|
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
|
|
A-2) Changes in net worth : 22000 |
0,00 |
0,00 |
|
|
A-3) Received subsidies, donations and legacies: 23000 |
0,00 |
0,00 |
|
|
B) NON-CURRENT LIABILITIES: 31000 |
0,00 |
0,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
0,00 |
0,00 |
|
|
1. Amounts owed to
credit institutions: 31220 |
0,00 |
0,00 |
|
|
2. Creditors from
financial leasing : 31230 |
0,00 |
0,00 |
|
|
3. Other long-term
creditors : 31290 |
0,00 |
0,00 |
|
|
III. Long-term debts with Group companies
and associates: 31300 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax:
31400 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors :
31600 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
|
|
C) CURRENT LIABILITIES : 32000 |
71,00 |
71,00 |
|
|
I. Short-term provisions: 32200 |
0,00 |
0,00 |
|
|
II. Short-term creditors : 32300 |
36,00 |
36,00 |
|
|
1. Amounts owed to
credit institutions: 32320 |
0,00 |
0,00 |
|
|
2. Creditors from
financial leasing : 32330 |
0,00 |
0,00 |
|
|
3. Other short-term
creditors : 32390 |
36,00 |
36,00 |
|
|
III. Short-term amounts owed to group and
associated companies: 32400 |
0,00 |
0,00 |
|
|
IV. Trade creditors and other accounts
payable: 32500 |
35,00 |
35,00 |
|
|
1. Suppliers:
32580 |
0,00 |
0,00 |
|
|
a) Long-term debts : 32581 |
0,00 |
0,00 |
|
|
b)
Short-term debts : 32582 |
0,00 |
0,00 |
|
|
2. Other creditors:
32590 |
35,00 |
35,00 |
|
|
V. Short-term accruals : 32600 |
0,00 |
0,00 |
|
|
VI. Special short-term debts : 32700 |
0,00 |
0,00 |
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000 |
837,00 |
1.058,00 |
|
|
|
ORIGINAL |
ORIGINAL |
|
|
Profit and Loss |
2015 |
2014 |
|
|
1. Net turnover: 40100 |
0,00 |
0,00 |
|
|
2. Changes in stocks of finished goods and
work in progress: 40200 |
0,00 |
0,00 |
|
|
3. Works carried out by the company for its
assets: 40300 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
0,00 |
0,00 |
|
|
5. Other operating income: 40500 |
0,00 |
0,00 |
|
|
6. Personnel costs: 40600 |
0,00 |
0,00 |
|
|
7. Other operating costs: 40700 |
-402,00 |
-282,00 |
|
|
8. Amortisation of fixed assets:
40800 |
0,00 |
0,00 |
|
|
9. Allocation of subsidies of non-financial
fixed assets and other: 40900 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of
fixed assets: 41100 |
0,00 |
0,00 |
|
|
12. Other results : 41300 |
0,00 |
0,00 |
|
|
A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11
+ 12) : 49100 |
-402,00 |
-282,00 |
|
|
13. Financial income : 41400 |
192,00 |
16,00 |
|
|
a) Allocation of financial
subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
|
|
b) Other financial
income: 41490 |
192,00 |
16,00 |
|
|
14. Financial expenditure : 41500 |
-11,00 |
0,00 |
|
|
15. Changes in fair value of financial
instruments : 41600 |
0,00 |
0,00 |
|
|
16. Exchange rate differences: 41700 |
0,00 |
0,00 |
|
|
17. Impairment and result for transfers of
financial instruments : 41800 |
0,00 |
0,00 |
|
|
18. Other financial income and expenditure:
42100 |
0,00 |
0,00 |
|
|
a) Incorporation of
financial expenditure to assets: 42110 |
0,00 |
0,00 |
|
|
b) Financial income
from arrangement with creditors: 42120 |
0,00 |
0,00 |
|
|
c) Other income and
expenditure: 42130 |
0,00 |
0,00 |
|
|
B) FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) :
49200 |
181,00 |
16,00 |
|
|
C) NET RESULT BEFORE TAXES ( A + B ) : 49300 |
-222,00 |
-266,00 |
|
|
19. Income taxes : 41900 |
0,00 |
0,00 |
|
|
D) RESULT OF THE PERIOD ( C + 19 ) : 49500 |
-222,00 |
-266,00 |
|
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 |
2015 |
2014 |
|
|
1. Fiscal year result before taxes.: 61100 |
-222,00 |
-266,00 |
|
|
2. Results adjustments.: 61200 |
-181,00 |
-16,00 |
|
|
g) Financial income (-).: 61207 |
-192,00 |
-16,00 |
|
|
h) Financial Expenses (+). : 61208 |
11,00 |
0,00 |
|
|
3. Changes in current capital equity.: 61300 |
-64,00 |
-269,00 |
|
|
d) Debtors and other accounts receivable
(+/-). : 61302 |
-64,00 |
-304,00 |
|
|
d) Creditors and other accounts payable
(+/-). : 61304 |
0,00 |
35,00 |
|
|
4. Cash Flows from Other Operating Activities: 61400 |
181,00 |
16,00 |
|
|
a) Interest payments (-). : 61401 |
-11,00 |
0,00 |
|
|
c) Interest collection (+). : 61403 |
192,00 |
16,00 |
|
|
5. Cash Flows from Operating Activities (1 + 2 + 3 + 4) :
61500 |
-285,00 |
-535,00 |
|
|
6. Payments for investment (-).: 62100 |
0,00 |
-327,00 |
|
|
e) Other financial assets. : 62105 |
0,00 |
-327,00 |
|
|
7. Divestment payment collection (+). : 62200 |
0,00 |
0,00 |
|
|
8. Cash Flow from Investing Activities (6+7) less Amortization:
62300 |
0,00 |
-327,00 |
|
|
9. Payment collection and payments for equity instruments. :
63100 |
0,00 |
1.253,00 |
|
|
a) Issuance of equity instruments (+). :
63101 |
0,00 |
1.253,00 |
|
|
10. Payment collection and payments for financial liabilities
instruments.: 63200 |
0,00 |
36,00 |
|
|
a) Issuance : 63201 |
0,00 |
36,00 |
|
|
5. Other debts (+). : 63206 |
0,00 |
36,00 |
|
|
11. Payments from dividends and remunerations from other assets
instruments. : 63300 |
0,00 |
0,00 |
|
|
12. Cash Flows from Financing Activities (9+10+11): 63400 |
0,00 |
1.289,00 |
|
|
D) EFFECT OF EXCHANGE RATE CHANGES: 64000 |
0,00 |
0,00 |
|
|
E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS
(+/-5+/-8+/12+/-D) : 65000 |
-285,00 |
427,00 |
|
|
Cash or equivalent assets as of beginning
of the fiscal year.: 65100 |
427,00 |
0,00 |
|
|
Cash or equivalent assets as of end of the
fiscal year.: 65200 |
142,00 |
427,00 |
|
|
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 |
2015 |
2014 |
Variación 2015 - 2014 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Cash Flow over Sales: |
|
0,01 % |
|
0,00 % |
|
|
|
|
Net Financial Debt: |
0,26 |
2,16 |
1,38 |
3,11 |
-81,08 |
-30,60 |
|
|
Cash Flow Yield: |
-0,34 % |
0,01 % |
0,40 % |
0,00 % |
-184,53 % |
|
|
|
EBITDA over Sales: |
|
6,39 % |
|
5,39 % |
|
18,55 % |
|
|
Profitability |
2015 |
2014 |
Variación 2015 - 2014 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
-79,02 % |
3,92 % |
-38,62 % |
2,82 % |
-104,63 % |
38,94 % |
|
|
Total economic profitability: |
-25,12 % |
3,96 % |
-25,14 % |
2,95 % |
0,08 % |
34,17 % |
|
|
Financial profitability: |
-28,93 % |
4,60 % |
-26,94 % |
2,79 % |
-7,39 % |
64,76 % |
|
|
Margin: |
|
3,94 % |
|
2,81 % |
|
40,03 % |
|
|
Mark-up: |
|
3,56 % |
|
2,08 % |
|
71,24 % |
|
|
Solvency |
2015 |
2014 |
Variación 2015 - 2014 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
2,00 |
0,34 |
6,03 |
0,29 |
-66,83 |
18,13 |
|
|
Acid Test: |
7,19 |
1,17 |
10,32 |
1,11 |
-30,32 |
5,20 |
|
|
Working Capital / Investment: |
0,52 |
0,21 |
0,62 |
0,20 |
-15,97 |
4,50 |
|
|
Solvency: |
7,19 |
1,78 |
10,32 |
1,73 |
-30,32 |
2,71 |
|
|
Indebtedness |
2015 |
2014 |
Variación 2015 - 2014 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
0,09 |
0,92 |
0,07 |
1,00 |
28,94 |
-8,22 |
|
|
Borrowing Composition: |
0,00 |
0,67 |
0,00 |
0,69 |
|
-3,20 |
|
|
Repayment Ability: |
-0,18 |
9,47 |
-0,25 |
11,82 |
29,87 |
-19,87 |
|
|
Warranty: |
11,81 |
2,09 |
14,94 |
2,01 |
-20,94 |
4,43 |
|
|
Generated resources / Total creditors: |
-3,13 |
0,09 |
-3,76 |
0,07 |
16,71 |
29,21 |
|
|
Efficiency |
2015 |
2014 |
Variación 2015 - 2014 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
|
1,30 |
|
1,25 |
|
3,94 |
|
|
Turnover of Collection Rights : |
0,00 |
4,74 |
0,00 |
4,57 |
|
3,68 |
|
|
Turnover of Payment Entitlements: |
11,62 |
3,16 |
8,15 |
3,03 |
42,59 |
4,27 |
|
|
Stock rotation: |
|
4,91 |
|
4,71 |
|
4,29 |
|
|
Assets turnover: |
0,00 |
0,99 |
0,00 |
1,00 |
|
-0,78 |
|
|
Borrowing Cost: |
16,17 |
1,77 |
0,06 |
2,04 |
28.525,10 |
-13,46 |
|
> Trend of indicators under the General Accounting Plan of 2007
(2015, 2014)
|
Cash Flow |
2015 |
2014 |
|
|
Net Financial Debt: |
0,26 |
1,38 |
|
|
Cash Flow Yield: |
-0,34 % |
0,40 % |
|
|
Profitability |
2015 |
2014 |
|
|
Operating economic profitability: |
-79,02 % |
-38,62 % |
|
|
Total economic profitability: |
-25,12 % |
-25,14 % |
|
|
Financial profitability: |
-28,93 % |
-26,94 % |
|
|
Solvency |
2015 |
2014 |
|
|
Liquidity: |
2,00 |
6,03 |
|
|
Acid Test: |
7,19 |
10,32 |
|
|
Working Capital / Investment: |
0,52 |
0,62 |
|
|
Solvency: |
7,19 |
10,32 |
|
|
Indebtedness |
2015 |
2014 |
|
|
Indebtedness level: |
0,09 |
0,07 |
|
|
Borrowing Composition: |
0,00 |
0,00 |
|
|
Repayment Ability: |
-0,18 |
-0,25 |
|
|
Warranty: |
11,81 |
14,94 |
|
|
Generated resources / Total creditors: |
-3,13 |
-3,76 |
|
|
Efficiency |
2015 |
2014 |
|
|
Turnover of Collection Rights : |
0,00 |
0,00 |
|
|
Turnover of Payment Entitlements: |
11,62 |
8,15 |
|
|
Assets turnover: |
0,00 |
0,00 |
|
|
Borrowing Cost: |
16,17 |
0,06 |
|
COMPARATIVE
SECTORIAL BALANCE
Sector-based Comparison
under the rules of the New General Accounting Plan.
|
Net Rights Granted |
Variación - |
|
|
|
Empresa |
Sector |
|
Net Rights Granted |
Variación - |
|
|
|
Empresa |
Sector |
|
Net Rights Granted |
Variación - |
|
|
|
Empresa |
Sector |
News
----
|
Public
Tenders and Works Won
|
No Public Tenders assigned to the name of the company.
|
Research
Summary
|
|
The Company was incorporated in 2007, engaged in the wholesale of textile fibers and semi-elaborated products. Its commercial scope is mainly international (95%) There are no bad comments in the consulted sources and since it was not possible to verify its financial evolution, we recommend a close follow up of company's evolution. |
|
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 63.92 |
|
|
1 |
INR 89.55 |
|
Euro |
1 |
INR 79.68 |
|
EUR |
1 |
INR 80.18 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.