|
|
|
MIRA INFORM REPORT
|
Report No. : |
483216 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMATTEX
IMPORT &; EXPORT SL |
|
|
|
|
Registered Office : |
C/
Galatea, 9. - Alpedrete - 28430 – Madrid |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
14.12.2012 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
8 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 2016 Spain marked the third full year of positive economic growth in nine 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 19.7% in 2016. 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 5% of GDP in 2015, and 4.1% of GDP in 2016. Public debt has increased substantially – from 60.1% of GDP in 2010 to nearly 99.5% in 2016.
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 despite the recent uptick in economic
activity, inflation has dropped sharply, from 1.5% in 2013 to a
negative 0.3% in 2016.
|
Source
: CIA |
eXECUTIVE SUMMARY
|
Name: |
AMATTEX
IMPORT & EXPORT SL |
|
NIF
/ Fiscal code: |
B86615069 |
|
Status: |
ACTIVE |
|
Incorporation
Date: |
14/12/2012 |
|
Register
Data |
Register
Section 8 Sheet 547618 |
|
Last
Publication in BORME: |
23/01/2013
[Appointments] |
|
Last
Published Account Deposit: |
2016 |
|
Share
Capital: |
3.005 |
|
|
|
|
Localization: |
C/
GALATEA, 9. - ALPEDRETE - 28430 - MADRID |
|
Telephone
- Fax - Email - Website: |
Telephone.
918 571 908 Email. info@amattex.com Website. www.amattex.com |
|
Number
of Branches |
1 |
|
|
|
|
Activity: |
|
|
NACE: |
4642
- Wholesale of clothing and footwear |
|
Registered
Trademarks: |
|
|
Audited
/ Opinion: |
No |
|
Tenders
and Awards: |
|
|
Subsidies: |
0
for a total cost of 0 |
|
Main
products / services: |
HaberdasheryJacketsPants
and skirts |
|
Quality
Certificate: |
No |
|
|
|
|
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: |
SINGLE
ADMINISTRATOR 1 |
|
|
Ratios |
2016 |
2015 |
Change |
|
|
Nş
of employees: |
8 |
|
|
|
|
Guarantees: |
|
|
Properties
Registered: |
Company
NO, Administrator NO |
|
Financing
/ Guarantee Sources : |
Sources
NO, Guarantees NO |
|
|
|
|
INVESTIGATION
SUMMARY |
|
|
The
Company was incorporated in 2012, engaged in the manufacture and wholesale of
workwear. Its commercial scope is national and international. There are no
bad comments against it in the consulted sources. According to all this
information, commercial relations can be envisaged in normal credit
operations. |
|
|
Interviewed
Person: |
|
Enquiry
Details
|
Identification |
|
|
Social
Denomination: |
AMATTEX
IMPORT & EXPORT SL |
|
NIF
/ Fiscal code: |
B86615069 |
|
Corporate
Status: |
ACTIVE |
|
Start
of activity: |
2013 |
|
Registered
Office: |
C/
GALATEA, 9. |
|
Locality: |
ALPEDRETE |
|
Province: |
MADRID |
|
Postal
Code: |
28430 |
|
Telephone: |
918
571 908 |
|
Fax: |
918
518 638 |
|
Website: |
|
|
Email: |
info@amattex.com |
|
Interviewed
Person: |
Information
obtained through indirect sources, as people responsible for the company
refused to provide information. |
Branch
Offices
|
Address |
Postal Code |
City |
Province |
|
CALLE
PUERTA DE ABAJO 29 |
28430 |
ALPEDRETE |
MADRID |
|
Activity |
|
|
NACE: |
4642 |
|
Corporate
Purpose: |
WHOLESALE
OF GARMENTS, LINGIERIE, WORKWEAR, LEATHER CLOTHES AND RELATED, SPORT CLOTHES
AND COMPLEMENTS. |
|
Additional
Information: |
Manufacture
and wholesale of workwear. |
|
Additional
Address: |
Registered
office located at the heading address. It has a warehouse located in: Puerta
de Abajo, 29 de Alpedrete (Madrid) |
|
Franchise: |
No |
|
Import
/ export: |
IMPORT
/ EXPORT |
|
Future
Perspective: |
Consolidation |
|
Industry
situation: |
Maturity |
Main products / services
|
Product |
% Over Sales |
|
Haberdashery |
|
|
Jackets |
|
|
Pants
and skirts |
|
|
Vigilance
and security |
|
|
Garments
of water and cold |
|
|
Hostelry |
|
|
Health
and cleaning |
|
|
Accessories |
|
|
Footwear |
|
Number of
Employees
|
Year |
No. of employees |
Established |
Incidentals |
|
|
2016 |
8 |
|
|
|
The
data of employees is from the latest available financial statements. Failing
that, are estimates data calculated by statistical methods
Chronological
Summary
|
Year |
Act |
|
|
2013 |
Accounts
deposit (year 2012) Appointments/ Re-elections (1) Company Formation (1) |
|
|
2014 |
Accounts
deposit (year 2013) |
|
|
2015 |
Accounts
deposit (year 2014) |
|
|
2016 |
Accounts
deposit (year 2015) |
|
|
2017 |
Accounts
deposit (year 2016) |
|
Breakdown
of Owners' Equity
|
Registered
Capital: |
3.005 |
|
Paid
up capital: |
3.005 |
Updated
Evolution of the Subscribed and Paid-in Capital
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
15/01/2013 |
Company
Formation |
3.005 |
3.005 |
3.005 |
3.005 |
Active
Social Bodies
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this
Company |
|
SINGLE
ADMINISTRATOR |
MARTINEZ
AMAT JESUS |
15/01/2013 |
1 |
Executive
board
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
JESUS
MARTINEZ AMAT |
|
DIRECTOR/GENERAL
MANAGER |
|
JESUS
MARTINEZ AMAT |
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 |
--- |
|
|
> Basis for scoring
|
Positive Factors |
Adverse Factors |
|
No
judicial claims have been detected in the Official Gazettes, regarding any
Entity's outstanding debts with the Tax Bureau or Social Security
administrations, as submitted by Courts of the various court jurisdictions. The
current debt represents a 60.89of the financial structure. In principle, a
decrease in this ratio would indicate an improvement in the short-term
financial situation. It
has financial profitability.. AMATTEX IMPORT & EXPORT SLobtains financial
return as a consequence of an investment in its own resources which, a
priori, might improve its financial and economic situation. It
presents a efficient productivity. Gross margin shows adequate efficiency of
the company in the variable costs associated with production. |
AMATTEX
IMPORT & EXPORT SL has a tight level of Financial Autonomy. The Internal
Funds of the entity represent the 14.95% of the total amount of funding
sources. It
is in a Development stage. It has scarce experience in the Sector,
characterized by not having yet achieved a strong market position. Private
consumption continues to have, in spite of some signs of improvement, very
low rates , thus showing great weakness. |
Probability
of default
>
Estimated Probability of Default for the next 12 months: 1.262 %
>
Latest Scoring Changes:
|
Sector
in which comparison is carried out: 464 Wholesale
of household goods |
|
|
Relative
Position:
|
The
company's comparative analysis with the rest of the companies that comprise the
sector, shows the company holds a better position with regard to the
probability of non-compliance.
The
93.00% of the companies of the sector AMATTEX IMPORT & EXPORT SL belongs to
show a higher probability of non-compliance.
The
probability of the company's non-compliance with its payment obligations within
deadlines estimated by our qualifications models is 1,262%.
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 2016 |
1.383.065,84 |
The
sales data is from the latest available financial statements. Failing that, are
estimates data calculated by statistical methods.
Estimated
Balance
ESTIMATED
FIGURES 2017 -NON CURRENT ASSETS 91.000 Euro/s -CURRENT ASSETS 680.000 Euro/s
-NET EQUITY 116.000 Euro/s -NON CURRENT LIABILITIES 186.000 Euro/s -CURRENT
LIABILITIES 469.000 Euro/s -TOTAL ASSETS AND LIABILITIES 771.000 Euro/s -SALES
1.530.000 Euro/s
financial
Accounts and Balance Sheets
Financial
Years Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2016 |
Normales |
July
2017 |
|
2015 |
Normales |
September
2016 |
|
2014 |
Normales |
September
2015 |
|
2013 |
Normales |
September
2014 |
|
2012 |
Normales |
September
2013 |
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 Pyme 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, using its own methodology.
To view details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
A)
NON-CURRENT ASSETS: 11000 |
82.368,00 |
44.975,00 |
34.225,00 |
16.761,00 |
0,00 |
|
|
I. Intangible fixed assets : 11100 |
39.063,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
40.505,00 |
42.175,00 |
31.425,00 |
13.961,00 |
0,00 |
|
|
III. Real estate investment: 11300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Long-term investments in Group companies and associates :
11400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term financial investments: 11500 |
2.800,00 |
2.800,00 |
2.800,00 |
2.800,00 |
0,00 |
|
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
CURRENT ASSETS: 12000 |
614.891,00 |
407.417,00 |
338.360,00 |
340.551,00 |
3.005,00 |
|
|
I. Stocks : 12200 |
83.277,00 |
65.362,00 |
61.846,00 |
85.021,00 |
0,00 |
|
|
II. Trade debtors and others receivable accounts : 12300 |
376.792,00 |
233.770,00 |
199.159,00 |
185.227,00 |
0,00 |
|
|
1. Trade debtors / accounts receivable:
12380 |
363.276,00 |
233.770,00 |
197.689,00 |
185.057,00 |
0,00 |
|
|
a) Long-term
receivables from sales and services supplied : 12381 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Customers for
sales and provisions of services : 12382 |
363.276,00 |
233.770,00 |
197.689,00 |
185.057,00 |
0,00 |
|
|
2. Called up share capital: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other accounts receivable : 12390 |
13.516,00 |
0,00 |
1.470,00 |
169,00 |
0,00 |
|
|
III. Short-term investment in Group companies and associates:
12400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Short-term financial investments : 12500 |
0,00 |
305,00 |
305,00 |
7.639,00 |
0,00 |
|
|
V. Short-term accruals : 12600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash and other equivalent liquid assets : 12700 |
154.822,00 |
107.980,00 |
77.051,00 |
62.664,00 |
3.005,00 |
|
|
TOTAL
ASSETS (A + B) : 10000 |
697.259,00 |
452.392,00 |
372.586,00 |
357.312,00 |
3.005,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and Net
Worth |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
A)
NET WORTH: 20000 |
104.252,00 |
74.001,00 |
35.156,00 |
14.766,00 |
3.005,00 |
|
|
A-1)
Shareholders' equity: 21000 |
104.252,00 |
74.001,00 |
35.156,00 |
14.766,00 |
3.005,00 |
|
|
I. Capital: 21100 |
3.005,00 |
3.005,00 |
3.005,00 |
3.005,00 |
3.005,00 |
|
|
1. Registered capital : 21110 |
3.005,00 |
3.005,00 |
3.005,00 |
3.005,00 |
3.005,00 |
|
|
2. (Uncalled capital): 21120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Share premium: 21200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Reserves: 21300 |
70.996,00 |
32.151,00 |
11.761,00 |
0,00 |
0,00 |
|
|
1. Capitalisation Reserves: 21350 |
3.885,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Otras Reservas: 21360 |
67.112,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought forward: 21500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Other shareholders' contributions: 21600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period: 21700 |
30.251,00 |
38.846,00 |
20.390,00 |
11.761,00 |
0,00 |
|
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-2)
Changes in net worth : 22000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-3)
Received subsidies, donations and legacies: 23000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
NON-CURRENT LIABILITIES: 31000 |
168.473,00 |
108.268,00 |
112.119,00 |
45.714,00 |
0,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
168.473,00 |
108.268,00 |
112.119,00 |
45.714,00 |
0,00 |
|
|
1. Amounts owed to credit institutions:
31220 |
71.329,00 |
11.124,00 |
14.975,00 |
18.570,00 |
0,00 |
|
|
2. Creditors from financial leasing :
31230 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other long-term creditors : 31290 |
97.144,00 |
97.144,00 |
97.144,00 |
27.144,00 |
0,00 |
|
|
III. Long-term debts with Group companies and associates:
31300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C)
CURRENT LIABILITIES : 32000 |
424.534,00 |
270.123,00 |
225.311,00 |
296.833,00 |
0,00 |
|
|
I. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term creditors : 32300 |
75.789,00 |
53.979,00 |
23.479,00 |
1.026,00 |
0,00 |
|
|
1. Amounts owed to credit institutions:
32320 |
-132,00 |
-132,00 |
-132,00 |
1.026,00 |
0,00 |
|
|
2. Creditors from financial leasing :
32330 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other short-term creditors :
32390 |
75.921,00 |
54.111,00 |
23.611,00 |
0,00 |
0,00 |
|
|
III. Short-term amounts owed to group and associated companies:
32400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Trade creditors and other accounts payable: 32500 |
348.745,00 |
216.144,00 |
201.832,00 |
295.806,00 |
0,00 |
|
|
1. Suppliers: 32580 |
334.908,00 |
188.069,00 |
184.160,00 |
283.071,00 |
0,00 |
|
|
a) Long-term debts :
32581 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Short-term debts :
32582 |
334.908,00 |
188.069,00 |
184.160,00 |
283.071,00 |
0,00 |
|
|
2. Other creditors: 32590 |
13.837,00 |
28.076,00 |
17.672,00 |
12.735,00 |
0,00 |
|
|
V. Short-term accruals : 32600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL
NET WORTH AND LIABILITIES (A + B + C) : 30000 |
697.259,00 |
452.392,00 |
372.586,00 |
357.312,00 |
3.005,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and Loss |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
1. Net turnover: 40100 |
1.383.066,00 |
1.231.075,00 |
1.337.473,00 |
1.027.389,00 |
0,00 |
|
|
2. Changes in stocks of finished goods and work in progress:
40200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Works carried out by the company for its assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-1.009.967,00 |
-900.336,00 |
-1.076.077,00 |
-866.199,00 |
0,00 |
|
|
5. Other operating income: 40500 |
0,00 |
0,00 |
5.750,00 |
0,00 |
0,00 |
|
|
6. Personnel costs: 40600 |
-194.260,00 |
-118.803,00 |
-91.702,00 |
-45.446,00 |
0,00 |
|
|
7. Other operating costs: 40700 |
-122.242,00 |
-135.601,00 |
-132.255,00 |
-90.372,00 |
0,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-19.342,00 |
-18.228,00 |
-11.619,00 |
-4.371,00 |
0,00 |
|
|
9. Allocation of subsidies of non-financial fixed assets and
other: 40900 |
0,00 |
0,00 |
2.000,00 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of fixed assets:
41100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Other results : 41300 |
4.229,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A)
OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) :
49100 |
41.485,00 |
58.107,00 |
33.571,00 |
21.001,00 |
0,00 |
|
|
13. Financial income : 41400 |
30,00 |
46,00 |
116,00 |
0,00 |
0,00 |
|
|
a) Allocation of financial subsidies,
donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income: 41490 |
30,00 |
46,00 |
116,00 |
0,00 |
0,00 |
|
|
14. Financial expenditure : 41500 |
-2.191,00 |
-4.939,00 |
-8.153,00 |
-5.879,00 |
0,00 |
|
|
15. Changes in fair value of financial instruments :
41600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
16. Exchange rate differences: 41700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
17. Impairment and result for transfers of financial
instruments : 41800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
18. Other financial income and expenditure: 42100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Incorporation of financial expenditure
to assets: 42110 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Financial income from arrangement with
creditors: 42120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Other income and expenditure:
42130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200 |
-2.161,00 |
-4.893,00 |
-8.037,00 |
-5.879,00 |
0,00 |
|
|
C)
NET RESULT BEFORE TAXES ( A + B ) : 49300 |
39.324,00 |
53.215,00 |
25.534,00 |
15.123,00 |
0,00 |
|
|
19. Income taxes : 41900 |
-9.073,00 |
-14.369,00 |
-5.144,00 |
-3.362,00 |
0,00 |
|
|
D)
RESULT OF THE PERIOD ( C + 19 ) : 49500 |
30.251,00 |
38.846,00 |
20.390,00 |
11.761,00 |
0,00 |
|
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 |
39.324,00 |
53.215,00 |
25.534,00 |
15.123,00 |
0,00 |
|
|
2.
Results adjustments.: 61200 |
21.503,00 |
23.120,00 |
19.656,00 |
10.250,00 |
0,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
19.342,00 |
18.228,00 |
11.619,00 |
4.371,00 |
0,00 |
|
|
g) Financial income (-).: 61207 |
-30,00 |
-46,00 |
-116,00 |
0,00 |
0,00 |
|
|
h) Financial Expenses (+). : 61208 |
2.191,00 |
4.939,00 |
8.153,00 |
5.879,00 |
0,00 |
|
|
3.
Changes in current capital equity.: 61300 |
-37.104,00 |
-38.184,00 |
-82.541,00 |
14.557,00 |
0,00 |
|
|
a) Stock (+/-).: 61301 |
-17.915,00 |
-3.516,00 |
23.176,00 |
-85.021,00 |
0,00 |
|
|
d) Debtors and other accounts receivable (+/-). : 61302 |
-143.022,00 |
-34.611,00 |
-13.933,00 |
-185.227,00 |
0,00 |
|
|
c) Other current assets (+/-). : 61303 |
305,00 |
0,00 |
7.334,00 |
-7.639,00 |
0,00 |
|
|
d) Creditors and other accounts payable (+/-). : 61304 |
123.528,00 |
-57,00 |
-99.118,00 |
292.444,00 |
0,00 |
|
|
4.
Cash Flows from Other Operating Activities: 61400 |
-2.161,00 |
-4.893,00 |
-8.037,00 |
-5.879,00 |
0,00 |
|
|
a) Interest payments (-). : 61401 |
-2.191,00 |
-4.939,00 |
-8.153,00 |
-5.879,00 |
0,00 |
|
|
c) Interest collection (+). : 61403 |
30,00 |
46,00 |
116,00 |
0,00 |
0,00 |
|
|
5.
Cash Flows from Operating Activities (1 + 2 + 3 + 4) : 61500 |
21.561,00 |
33.258,00 |
-45.387,00 |
34.051,00 |
0,00 |
|
|
6.
Payments for investment (-).: 62100 |
-39.063,00 |
-10.750,00 |
-17.465,00 |
-16.761,00 |
0,00 |
|
|
b) Intangible fixed assets. : 62102 |
-39.063,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Fixed assets. : 62103 |
0,00 |
-10.750,00 |
-17.465,00 |
-13.961,00 |
0,00 |
|
|
e) Other financial assets. : 62105 |
0,00 |
0,00 |
0,00 |
-2.800,00 |
0,00 |
|
|
7.
Divestment payment collection (+). : 62200 |
1.670,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Fixed assets. : 62203 |
1.670,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
8.
Cash Flow from Investing Activities (6+7) less Amortization: 62300 |
-56.735,00 |
-28.978,00 |
-29.084,00 |
-21.132,00 |
0,00 |
|
|
9.
Payment collection and payments for equity instruments. : 63100 |
0,00 |
0,00 |
0,00 |
0,00 |
3.005,00 |
|
|
a) Issuance of equity instruments (+). : 63101 |
0,00 |
0,00 |
0,00 |
0,00 |
3.005,00 |
|
|
10.
Payment collection and payments for financial liabilities instruments.:
63200 |
82.016,00 |
26.649,00 |
88.858,00 |
46.740,00 |
0,00 |
|
|
a) Issuance : 63201 |
82.016,00 |
30.500,00 |
93.611,00 |
46.740,00 |
0,00 |
|
|
2. Debts incurred with credit institutions (+). : 63203 |
60.206,00 |
0,00 |
0,00 |
19.596,00 |
0,00 |
|
|
5. Other debts (+). : 63206 |
21.810,00 |
30.500,00 |
93.611,00 |
27.144,00 |
0,00 |
|
|
b) Repayment and amortization of : 63207 |
0,00 |
-3.851,00 |
-4.753,00 |
0,00 |
0,00 |
|
|
2. Debts incurred with credit institutions (-).: 63209 |
0,00 |
-3.851,00 |
-4.753,00 |
0,00 |
0,00 |
|
|
11.
Payments from dividends and remunerations from other assets instruments. :
63300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12.
Cash Flows from Financing Activities (9+10+11): 63400 |
82.016,00 |
26.649,00 |
88.858,00 |
46.740,00 |
3.005,00 |
|
|
D)
EFFECT OF EXCHANGE RATE CHANGES: 64000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
E)
NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS (+/-5+/-8+/12+/-D) :
65000 |
46.842,00 |
30.929,00 |
14.387,00 |
59.659,00 |
3.005,00 |
|
|
Cash or equivalent assets as of beginning of the fiscal year.:
65100 |
107.980,00 |
77.051,00 |
62.664,00 |
3.005,00 |
0,00 |
|
|
Cash or equivalent assets as of end of the fiscal year.:
65200 |
154.822,00 |
107.980,00 |
77.051,00 |
62.664,00 |
3.005,00 |
|
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: |
0,03
% |
0,01
% |
0,03
% |
0,01
% |
34,80
% |
10,77
% |
|
|
Net
Financial Debt: |
1,58 |
1,83 |
0,71 |
2,16 |
123,55 |
-15,49 |
|
|
Cash
Flow Yield: |
0,07
% |
0,01
% |
0,07
% |
0,01
% |
-1,74
% |
7,71
% |
|
|
EBITDA
over Sales: |
4,09
% |
6,68
% |
6,20
% |
6,39
% |
-34,01
% |
4,53
% |
|
|
Profitability |
2016 |
2015 |
Variación 2016 - 2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating
economic profitability: |
5,36
% |
4,39
% |
12,93
% |
3,92
% |
-58,52
% |
12,05
% |
|
|
Total
economic profitability: |
5,95
% |
4,44
% |
12,85
% |
3,96
% |
-53,68
% |
12,28
% |
|
|
Financial
profitability: |
29,02
% |
5,55
% |
52,49
% |
4,60
% |
-44,72
% |
20,73
% |
|
|
Margin:
|
2,69
% |
4,45
% |
4,72
% |
3,94
% |
-42,93
% |
13,07
% |
|
|
Mark-up:
|
2,54
% |
4,49
% |
4,32
% |
3,56
% |
-41,30
% |
25,95
% |
|
|
Solvency |
2016 |
2015 |
Variación 2016 - 2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity:
|
0,36 |
0,38 |
0,40 |
0,34 |
-8,77 |
12,46 |
|
|
Acid
Test: |
1,25 |
1,19 |
1,27 |
1,17 |
-1,11 |
1,72 |
|
|
Working
Capital / Investment: |
0,27 |
0,23 |
0,30 |
0,21 |
-10,04 |
10,07 |
|
|
Solvency:
|
1,45 |
1,88 |
1,51 |
1,78 |
-3,97 |
5,68 |
|
|
Indebtedness |
2016 |
2015 |
Variación 2016 - 2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness
level: |
5,69 |
0,85 |
5,11 |
0,92 |
11,24 |
-6,69 |
|
|
Borrowing
Composition: |
0,40 |
0,66 |
0,40 |
0,67 |
-0,99 |
-1,40 |
|
|
Repayment
Ability: |
10,48 |
8,98 |
4,96 |
9,47 |
111,37 |
-5,15 |
|
|
Warranty:
|
1,18 |
2,17 |
1,20 |
2,09 |
-1,65 |
3,73 |
|
|
Generated
resources / Total creditors: |
0,08 |
0,10 |
0,15 |
0,09 |
-44,55 |
9,42 |
|
|
Efficiency |
2016 |
2015 |
Variación 2016 - 2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity:
|
1,29 |
1,30 |
1,64 |
1,30 |
-21,38 |
0,16 |
|
|
Turnover
of Collection Rights : |
3,67 |
4,85 |
5,27 |
4,74 |
-30,30 |
2,31 |
|
|
Turnover
of Payment Entitlements: |
3,25 |
3,12 |
4,79 |
3,16 |
-32,26 |
-1,19 |
|
|
Stock
rotation: |
16,16 |
4,30 |
17,95 |
4,91 |
-9,95 |
-12,59 |
|
|
Assets
turnover: |
1,99 |
0,99 |
2,74 |
0,99 |
-27,32 |
-0,90 |
|
|
Borrowing
Cost: |
0,37 |
1,53 |
1,31 |
1,77 |
-71,69 |
-13,42 |
|
>
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: |
0,03
% |
0,03
% |
0,01
% |
0,06
% |
|
|
|
Net
Financial Debt: |
1,58 |
0,71 |
1,35 |
-0,93 |
|
|
|
Cash
Flow Yield: |
0,07
% |
0,07
% |
0,04
% |
0,17
% |
1,00
% |
|
|
EBITDA
over Sales: |
4,09
% |
6,20
% |
3,23
% |
2,47
% |
|
|
|
Profitability |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Operating
economic profitability: |
5,36
% |
12,93
% |
9,09
% |
6,05
% |
0,00
% |
|
|
Total
economic profitability: |
5,95
% |
12,85
% |
9,04
% |
5,88
% |
0,00
% |
|
|
Financial
profitability: |
29,02
% |
52,49
% |
58,00
% |
79,65
% |
0,00
% |
|
|
Margin:
|
2,69
% |
4,72
% |
2,50
% |
2,04
% |
|
|
|
Mark-up:
|
2,54
% |
4,32
% |
1,90
% |
1,47
% |
|
|
|
Solvency |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Liquidity:
|
0,36 |
0,40 |
0,34 |
0,21 |
|
|
|
Acid
Test: |
1,25 |
1,27 |
1,23 |
0,86 |
|
|
|
Working
Capital / Investment: |
0,27 |
0,30 |
0,30 |
0,12 |
1,00 |
|
|
Solvency:
|
1,45 |
1,51 |
1,50 |
1,15 |
|
|
|
Indebtedness |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Indebtedness
level: |
5,69 |
5,11 |
9,60 |
23,20 |
0,00 |
|
|
Borrowing
Composition: |
0,40 |
0,40 |
0,50 |
0,15 |
|
|
|
Repayment
Ability: |
10,48 |
4,96 |
7,81 |
13,50 |
|
|
|
Warranty:
|
1,18 |
1,20 |
1,10 |
1,04 |
|
|
|
Generated
resources / Total creditors: |
0,08 |
0,15 |
0,09 |
0,05 |
|
|
|
Efficiency |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Productivity:
|
1,29 |
1,64 |
1,47 |
1,56 |
|
|
|
Turnover
of Collection Rights : |
3,67 |
5,27 |
6,74 |
5,55 |
|
|
|
Turnover
of Payment Entitlements: |
3,25 |
4,79 |
5,99 |
3,23 |
|
|
|
Stock
rotation: |
16,16 |
17,95 |
21,21 |
11,84 |
|
|
|
Assets
turnover: |
1,99 |
2,74 |
3,64 |
2,96 |
0,00 |
|
|
Borrowing
Cost: |
0,37 |
1,31 |
2,42 |
1,72 |
|
|
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 2012, engaged in the manufacture and wholesale of
workwear. Its commercial scope is national and international. There are no bad
comments against it in the consulted sources. According to all this
information, commercial relations can be envisaged in normal credit operations.
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 63.48 |
|
|
1 |
INR 86.41 |
|
Euro |
1 |
INR 76.54 |
|
Euro |
1 |
INR 76.27 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
|
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.