3decades

MIRA INFORM REPORT

Report No. :	483389
Report Date :	04.01.2018

IDENTIFICATION DETAILS

Name :	DELTA TECNIC SA

Registered Office :	Rec Del Molí Sn - Plind Molí De Les Planes - Sant Celoni - 08470 - Barcelona

Country :	Spain

Financials (as on) :	2016

Date of Incorporation :	18.12.1980

Legal Form :	Public company

Line of Business :	Wholesale of chemical products

No. of Employees :	Not available

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	Slow

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Spain

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

SPAIN - ECONOMIC OVERVIEW

After experiencing a prolonged recession in the wake of the global financial crisis that began in 2008, in 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:

DELTA TECNIC SA

NIF / Fiscal code:

A08704520

Status:

ACTIVE

Incorporation Date:

18/12/1980

Register Data

Last Publication in BORME:

27/11/2017 [Appointments]

Last Published Account Deposit:

2016

Share Capital:

857.601

Localization:

REC DEL MOLÍ SN - PLIND MOLÍ DE LES PLANES - SANT CELONI - 08470 - BARCELONA

Telephone - Fax - Email - Website:

Telephone. 938 674 284 Email. deltatec@deltatecnic.com - storras@deltatecnic.com Website. www.deltatecnic.com

Activity:

NACE:

4675 - Wholesale of chemical products

Registered Trademarks:

Audited / Opinion:

Si /

Tenders and Awards:

Subsidies:

6 for a total cost of 8385.15

Quality Certificate:

Payment Behaviour:

Slow

Prospects:

Product / service improvement

Industry situation:

Maturity

Defaults, Legal Claims and Insolvency Proceedings :

Number

Amount (€)

Most Recent Entry

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Defaults on debt with Financial Institutions and Large Companies

None

---

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

None

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Partners:

ACCIONES PROPIAS DE DELTA TECNIC, S.A.

1.41 %

Enquiry Details

Business address regime:

Owned

Identification

Social Denomination:

DELTA TECNIC SA

NIF / Fiscal code:

A08704520

Corporate Status:

ACTIVE

Start of activity:

1982

Registered Office:

REC DEL MOLÍ SN - PLIND MOLÍ DE LES PLANES

Locality:

SANT CELONI

Province:

BARCELONA

Postal Code:

08470

Telephone:

938 674 284

Fax:

938 675 104

Website:

www.deltatecnic.com

Email:

deltatec@deltatecnic.com - storras@deltatecnic.com

Interviewed Person:

JORDI

Branch Offices

Activity

NACE:

4675

Additional Information:

The subject is engaged in the wholesale trade of raw materials and masterbatchs dyes, additive capsules and pigments for plastics, aimed mainly for the manufacture of wires and pvc. Observations: In April 2017, the venture company Aurica Capital, integrated in the so-called 'Grupo Banco Sabadell', joined the shareholding structure, acquiring 40% of the Equity.

Additional Address:

The Registered Office, plant, warehouse (2,592 square metres) and offices (839 metres) are located at Rec del Molí sn Plind Molí de Les Planes 08470 Sant Celoní (Barcelona), owned.

Import / export:

EXPORTS

Future Perspective:

Product / service improvement

Industry situation:

Maturity

Chronological Summary

Year

Act

1990

Accounts deposit (year 1989) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1)

1991

Accounts deposit (year 1990)

1992

Adaptation to Law (1) Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1) Statutory Modifications (1)

1993

Accounts deposit (year 1991) Cessations/ Resignations/ Reversals (1)

1994

Appointments/ Re-elections (1)

1995

Accounts deposit (year 1993, 1994) Increase of Capital (1)

1996

Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1) Change of Social address (1) Statutory Modifications (1)

1997

Accounts deposit (year 1995, 1996) Increase of Capital (1)

1998

Accounts deposit (year 1997)

1999

Accounts deposit (year 1998) Increase of Capital (1) Statutory Modifications (1)

2000

Accounts deposit (year 1999) Appointments/ Re-elections (1)

2001

Accounts deposit (year 2000) Appointments/ Re-elections (3) Increase of Capital (1)

2002

Accounts deposit (year 2001)

2003

Accounts deposit (year 2002) Appointments/ Re-elections (2)

2004

Accounts deposit (year 2003) Appointments/ Re-elections (1)

2005

Appointments/ Re-elections (1)

2006

Accounts deposit (year 2004) Appointments/ Re-elections (2) Take-over Merger (4)

2007

Accounts deposit (year 2005, 2006) Appointments/ Re-elections (1) Take-over Merger (1)

2008

Accounts deposit (year 2007) Appointments/ Re-elections (1)

2009

Accounts deposit (year 2008)

2010

Accounts deposit (year 2009)

2011

Accounts deposit (year 2010) Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1) Statutory Modifications (1)

2012

Accounts deposit (year 2011)

2013

Accounts deposit (year 2012)

2014

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

2015

Accounts deposit (year 2014) Capital Reduction (1)

2016

Accounts deposit (year 2015) Capital Reduction (1) Take-over Merger (2)

2017

Accounts deposit (year 2016) Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (2) Statutory Modifications (1) Take-over Merger (1)

Breakdown of Owners' Equity

Registered Capital:

857.601

Paid up capital:

857.601

Shareholders

Name	NIF	% Shareholding stake

Updated Evolution of the Subscribed and Paid-in Capital

wordml://1258

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

21/02/1995

Increase of Capital

240.405

300.506

21/08/1997

Increase of Capital

300.506

601.012

13/09/1999

Increase of Capital

198.988

800.000

29/08/2001

Increase of Capital

100.000

900.000

05/02/2016

Capital Reduction

-42.399

857.601

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

PRESIDENT

TORRAS ROMIA SALVADOR

03/08/2017

MEMBER OF THE BOARD

BAQUES ROIG MARTI

03/08/2017

TORRAS ROMIA SALVADOR

03/08/2017

TORRAS ESPAÑOL SALVADOR

03/08/2017

AURICA CAPITAL DESARROLLO SGEIC SA

03/08/2017

PROXY

LLAVERO CUADROS ALFONSO

10/04/2001

CHIEF EXECUTIVE OFFICER

TORRAS ROMIA SALVADOR

03/08/2017

NON CONSELLOR SECRETARY

GIL ROIG RAMON

20/11/2017

REPRESENTATIVE

RODRIGUEZ SABATER RAUL

03/08/2017

ACCOUNTS' AUDITOR / HOLDER

GMP AUDITORES SA

22/07/2014

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

BAQUES ROIG MARTI

MEMBER OF THE BOARD

29/08/2001

MEMBER OF THE BOARD

08/09/2006

MEMBER OF THE BOARD

09/08/2011

MEMBER OF THE BOARD

09/08/2011

MEMBER OF THE BOARD

03/08/2017

SECRETARY

29/08/2001

SECRETARY

08/09/2006

SECRETARY

09/08/2011

SECRETARY

09/08/2011

SECRETARY

03/08/2017

SECRETARY

20/11/2017

BAQUES ROIG MARTIN

MEMBER OF THE BOARD

20/11/1996

CHIEF EXECUTIVE OFFICER

20/11/1996

DE HARO SEGURA BALTASAR

MEMBER OF THE BOARD

16/10/1990

MEMBER OF THE BOARD

07/10/1992

SECRETARY

07/10/1992

SECRETARY

20/11/1996

MEMBER OF THE BOARD

20/11/1996

GMP AUDITORES S A

ACCOUNTS' AUDITOR / HOLDER

20/12/2005

ACCOUNTS' AUDITOR / HOLDER

14/08/2006

ACCOUNTS' AUDITOR / HOLDER

26/07/2007

GMP AUDITORES SA

ACCOUNTS' AUDITOR / HOLDER

15/07/2000

ACCOUNTS' AUDITOR / HOLDER

08/08/2001

ACCOUNTS' AUDITOR / HOLDER

13/01/2003

ACCOUNTS' AUDITOR / HOLDER

09/12/2003

ACCOUNTS' AUDITOR / HOLDER

25/11/2004

ACCOUNTS' AUDITOR / HOLDER

24/07/2008

ACCOUNTS' AUDITOR / HOLDER

19/07/2011

ACCOUNTS' AUDITOR / HOLDER

22/07/2014

RAFOLS ALBRICIAS ISIDRE

PROXY

06/03/1993

TORRAS ROMIA SALVADOR

MEMBER OF THE BOARD

08/09/2006

MEMBER OF THE BOARD

29/08/2001

CHIEF EXECUTIVE OFFICER

29/08/2001

MEMBER OF THE BOARD

20/11/1996

MEMBER OF THE BOARD

03/08/2017

PRESIDENT

20/11/1996

PRESIDENT

29/08/2001

MEMBER OF THE BOARD

09/08/2011

MEMBER OF THE BOARD

09/08/2011

CHIEF EXECUTIVE OFFICER

20/11/1996

CHIEF EXECUTIVE OFFICER

09/08/2011

PRESIDENT

09/08/2011

PRESIDENT

09/08/2011

CHIEF EXECUTIVE OFFICER

09/08/2011

CHIEF EXECUTIVE OFFICER

03/08/2017

PRESIDENT

03/08/2017

PRESIDENT

08/09/2006

CHIEF EXECUTIVE OFFICER

08/09/2006

VIDAL VIDAL JESUS

MEMBER OF THE BOARD

16/10/1990

MEMBER OF THE BOARD

07/10/1992

MEMBER OF THE BOARD

20/11/1996

MEMBER OF THE BOARD

29/08/2001

MEMBER OF THE BOARD

08/09/2006

MEMBER OF THE BOARD

09/08/2011

MEMBER OF THE BOARD

09/08/2011

Executive board

Post

NIF

Name

DIRECTOR DE COMUNICACION

ALFONSO LLAVERO CUADROS

GENERAL MANAGER

SALVADOR TORRÁS ROMÍA

FINANCIAL MANAGER

ALFRED CAMPRUBI

SALES MANAGER

MARTÍ BAQUÉS ROIG

QUALITY CONTROL MANAGER

MONTSERRAT GARGALLO

HUMAN RESOURCES MANAGER

CLAUDIA COSTA

MARKETING MANAGER

EVA GOTOR

Defaults, Legal Claims and Insolvency Proceedings

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

Chronological summary

Number of Publications

Amount (€)

Start date

End date

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Request/Declaration

---

date

Proceedings

---

Resolution

---

Defaults on debt with Financial Institutions and Large Companies

Bank and Commercial Delinquency

None

Status: Friendly

---

Status: Pre-Litigation

---

Status: Litigation

---

Status: Non-performing

---

Status: insolvency proceedings, bankruptcy and suspension of payments

---

Other status

---

Legal and Administrative Proceedings

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.

No irregular payment performance has been detected based on information obtained from credit bureaus.

Significant level of financial autonomy. The asset is financed mostly with equity and financing with maturity exceeding one year, providing a solid financial structure.

The current debt represents a 35.73of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation.

DELTA TECNIC SA obtains economic profitability from the necessary investments in the development of its activity in comparison with its assets.

Probability of default

> Estimated Probability of Default for the next 12 months: 0.212 %

> Latest Scoring Changes:

Sector in which comparison is carried out:

467 Other specialised wholesale

wordml://2782

Relative Position:

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

The company's comparative analysis with the rest of the companies that comprise the sector, shows the company holds a better position with regard to the probability of non-compliance.

The 99.00% of the companies of the sector DELTA TECNIC SA belongs to show a higher probability of non-compliance.

The probability of the company's non-compliance with its payment obligations within deadlines estimated by our qualifications models is 0,212%.

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

PROCEDURES OF CONTEST, BANKRUPTCY AND BANKRUPTCY PROTECTION

Legal Proceedings (Bankruptcy Law 22/2003)

Not published

Quiebras y Suspensiones de Pagos (anterior legislación concursal)

Not published

INCIDENCES WITH THE PUBLIC ADMINISTRATIONS

Incidences with the Tax Agency

Not published

Incidences with the Social Security

Not published

Incidences with the Autonomous Administration

Not published

Incidences with the Local Administration

Not published

PROCEDURES BEFORE COURTS OF CIVIL MATTERS

Procedures by the Civil Procedural Law 1/2000

Not published

Proceedings by the old Civil Procedural Law 1.881

Not published

PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL

Proceedings before the Industrial Tribunal

Not published

Guarantees

References

Link List

ABSORBS TO:

2 Entities

BELONGS TO THE ADMINISTRATION BOARD OF:

1 Entities

HAS IN ITS ADMINISTRATION BOARD TO:

1 Entities

IS RELATED WITH:

3 Entities

PARTICIPATES IN:

3 Entities

SHAREHOLDERS:

1 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

ACCIONES PROPIAS DE DELTA TECNIC, S.A.

1.41

DELFEL 03 A I E

BARCELONA

66.66

DELTA ARQUITECTURA 21 SL

BARCELONA

100

PARTICIPATES IN

DELTACOLOR SA

BARCELONA

100

> Other relationships

Relationship

Entity

Province

Shareholding stake

IS RELATED WITH

| |

AURICA IIIB SCR SA

BARCELONA

AURICA III

IS RELATED WITH

LABORATORIS FELTOR SA

BARCELONA

ABSORBS TO

SEDEL SL

BARCELONA

DELTACOLOR SA

BARCELONA

HAS IN ITS ADMINISTRATION BOARD TO

AURICA CAPITAL DESARROLLO S.G.E.I.C. SA

BARCELONA

BELONGS TO THE ADMINISTRATION BOARD OF

DELFEL 03 A I E

BARCELONA

Turnover

Total Sales

37.716.983,13

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

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2016

Normales

August 2017

2015

Normales

July 2016

2014

Normales

September 2015

2013

Normales

July 2014

2012

Normales

July 2013

2011

Normales

August 2012

2010

Normales

September 2011

2009

Normales

November 2010

2008

Normales

August 2009

2007

Normales

October 2008

2006

Normales

August 2007

2005

Normales

November 2006

2004

Normales

August 2006

2003

Normales

September 2004

2002

Normales

August 2003

2001

Normales

September 2002

2000

Normales

September 2001

1999

Normales

July 2000

1998

Normales

July 1999

1997

Normales

July 1998

1996

Normales

July 1997

1995

Normales

December 1996

1994

Normales

October 1995

1993

Normales

December 1994

1991

Normales

July 1993

1990

Normales

August 1991

1989

Normales

September 1990

The data in the report regarding the last Company Accounts submitted by the company is taken from the TRADE REGISTER serving the region in which the company's address is located 31/12/2016

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

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

ORIGINAL

Assets

2016

2015

2014

2013

2012

A) NON-CURRENT ASSETS: 11000

10.757.036,00

8.483.235,00

3.820.434,00

4.313.906,00

4.343.121,00

I. Intangible fixed assets : 11100

398.362,00

64.943,00

65.774,00

72.800,00

79.681,00

1. Development: 11110

16.155,00

0,00

354,00

539,00

724,00

2. Concessions: 11120

0,00

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

318.561,00

50.001,00

52.273,00

54.546,00

56.819,00

4. Goodwill: 11140

0,00

5. IT applications: 11150

63.645,00

14.774,00

13.147,00

17.715,00

22.138,00

6. Investigation: 11160

0,00

169,00

0,00

7. Intellectual property: 11180

0,00

8. Greenhouse gas emission allowance: 11190

0,00

9. Other intangible fixed assets. : 11170

0,00

II. Tangible fixed assets : 11200

9.844.529,00

2.646.061,00

2.521.450,00

3.216.459,00

2.953.350,00

1. Land and buildings: 11210

4.806.651,00

2.442.714,00

2.324.166,00

3.015.610,00

2.736.415,00

2. Technical installations and other tangible fixed assets: 11220

5.033.198,00

203.346,00

197.284,00

183.059,00

190.035,00

3. Tangible asset in progress and advances: 11230

4.680,00

0,00

17.789,00

26.900,00

III. Real estate investment: 11300

0,00

1. Land: 11310

0,00

2. Buildings: 11320

0,00

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

323.452,00

5.653.595,00

1.140.151,00

1.006.019,00

929.019,00

1. Equity instruments: 11410

323.452,00

5.653.595,00

1.140.151,00

929.019,00

819.019,00

2. Credits to businesses: 11420

0,00

77.000,00

110.000,00

3. Debt securities: 11430

0,00

4. Derivatives : 11440

0,00

5. Other financial assets : 11450

0,00

6. Other investments: 11460

0,00

V. Long-term financial investments: 11500

40.386,00

36.234,00

9.994,00

381.071,00

1. Equity instruments: 11510

40.303,00

20.151,00

9.911,00

6.000,00

2. Credits to third parties : 11520

0,00

16.000,00

0,00

375.000,00

3. Debt securities: 11530

0,00

4. Derivatives : 11540

0,00

5. Other financial assets : 11550

83,00

71,00

6. Other investments: 11560

0,00

VII. Non-current trade debts : 11700

0,00

VI. Assets for deferred tax : 11600

150.308,00

82.401,00

83.066,00

8.633,00

0,00

B) CURRENT ASSETS: 12000

17.049.394,00

14.883.094,00

12.889.615,00

10.305.442,00

10.005.136,00

I. Non-current assets held for sale : 12100

0,00

II. Stocks: 12200

5.472.609,00

2.301.729,00

2.094.584,00

2.196.924,00

1.917.203,00

1. Commercial: 12210

2.172.309,00

2.301.729,00

2.094.584,00

2.196.924,00

1.917.203,00

2. Primary material and other supplies: 12220

845.779,00

0,00

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

0,00

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

845.779,00

0,00

3. Work in progress: 12230

9.565,00

0,00

a) Of long-term production cycle : 12231

0,00

b) Of short-term production cycle : 12232

9.565,00

0,00

4. Finished goods: 12240

2.444.957,00

0,00

a) Of long-term production cycle : 12241

0,00

b) Of short-term production cycle : 12242

2.444.957,00

0,00

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

0,00

6. Advances to suppliers: 12260

0,00

III. Trade debtors and others receivable accounts: 12300

8.683.969,00

8.660.303,00

8.479.415,00

6.263.618,00

5.945.493,00

1. Trade debtors / accounts receivable: 12310

8.062.619,00

7.615.691,00

6.674.545,00

5.673.106,00

5.476.864,00

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

0,00

b) Customers for sales and provisions of services : 12312

8.062.619,00

7.615.691,00

6.674.545,00

5.673.106,00

5.476.864,00

2. Customers, Group companies and associates : 12320

92.616,00

578.126,00

1.502.499,00

346.317,00

273.114,00

3. Other accounts receivable: 12330

142.912,00

159.391,00

194.240,00

145.646,00

72.268,00

4. Personnel: 12340

0,00

30.000,00

5. Assets for deferred tax: 12350

0,00

108.132,00

68.549,00

0,00

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

385.822,00

307.095,00

0,00

93.247,00

7. Called up share capital: 12370

0,00

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

0,00

236.000,00

1. Equity instruments: 12410

0,00

2. Credits to businesses: 12420

0,00

3. Debt securities: 12430

0,00

4. Derivatives : 12440

0,00

5. Other financial assets : 12450

0,00

236.000,00

6. Other investments: 12460

0,00

V. Short-term financial investments : 12500

35.141,00

347.728,00

19.094,00

449.000,00

0,00

1. Equity instruments: 12510

0,00

2. Credits to businesses: 12520

16.000,00

0,00

375.000,00

0,00

3. Debt securities: 12530

0,00

4. Derivatives : 12540

0,00

312.587,00

0,00

5. Other financial assets : 12550

19.141,00

19.094,00

74.000,00

0,00

6. Other investments: 12560

0,00

VI. Short-term accruals: 12600

62.301,00

49.751,00

35.152,00

25.000,00

0,00

VII. Cash and other equivalent liquid assets : 12700

2.795.374,00

3.523.583,00

2.261.370,00

1.370.900,00

1.906.440,00

1. Treasury: 12710

2.795.374,00

3.523.583,00

2.261.370,00

1.370.900,00

1.906.440,00

2. Other equivalent liquid assets: 12720

0,00

TOTAL ASSETS (A + B) : 10000

27.806.430,00

23.366.329,00

16.710.050,00

14.619.348,00

14.348.257,00

ORIGINAL

Liabilities and Net Worth

2016

2015

2014

2013

2012

A) NET WORTH: 20000

15.186.686,00

11.882.861,00

6.010.466,00

5.552.410,00

4.991.971,00

A-1) Shareholders' equity: 21000

15.186.686,00

11.882.861,00

6.010.466,00

5.552.410,00

4.991.971,00

I. Capital: 21100

857.601,00

900.000,00

1. Registered capital : 21110

857.601,00

900.000,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

10.723.087,00

4.452.865,00

4.052.410,00

3.491.971,00

3.122.395,00

1. Legal and statutory: 21310

171.520,00

180.000,00

2. Other reserves: 21320

10.514.913,00

4.281.345,00

3.872.410,00

3.311.971,00

2.942.395,00

3. Revaluation reserves: 21330

0,00

2. Capitalisation Reserves: 21350

36.654,00

0,00

IV. (Common stock equity): 21400

0,00

-525.000,00

0,00

V. Results from previous periods: 21500

0,00

1. Brought forward: 21510

0,00

2. (Negative results from previous periods): 21520

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

3.605.998,00

6.572.395,00

1.583.057,00

1.160.439,00

969.577,00

VIII. (Interim dividend): 21800

0,00

IX. Other net worth instruments: 21900

0,00

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

0,00

I. Financial assets held for sale: 22100

0,00

II. Hedge operations: 22200

0,00

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

0,00

IV. Exchange rate difference: 22400

0,00

V. Other: 22500

0,00

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

0,00

B) NON-CURRENT LIABILITIES: 31000

2.684.983,00

612.265,00

628.837,00

621.869,00

543.118,00

I. Long-term provisions: 31100

0,00

1. Long-term employee benefits liability: 31110

0,00

2. Environmental actions: 31120

0,00

3. Restructuring provisions: 31130

0,00

4. Other provisions: 31140

0,00

II Long-term creditors: 31200

2.684.983,00

612.265,00

628.837,00

621.869,00

543.118,00

1. Liabilities and other securities: 31210

0,00

2. Amounts owed to credit institutions: 31220

2.684.983,00

612.265,00

628.837,00

621.869,00

473.118,00

3. Creditors from financial leasing: 31230

0,00

4. Derivatives : 31240

0,00

5. Other financial liabilities : 31250

0,00

70.000,00

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

0,00

IV. Liabilities for deferred tax: 31400

0,00

V. Long-term accruals: 31500

0,00

VI. Non-current trade creditors : 31600

0,00

VII. Special long-term debts : 31700

0,00

C) CURRENT LIABILITIES : 32000

9.934.761,00

10.871.203,00

10.070.747,00

8.445.069,00

8.813.168,00

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

0,00

II. Short-term provisions: 32200

0,00

1. Provisions from greenhouse gas emission allowance: 32210

0,00

2. Other provisions: 32220

0,00

III. Short-term creditors : 32300

4.122.035,00

2.755.129,00

3.443.008,00

1.747.414,00

3.045.096,00

1. Liabilities and other securities: 32310

0,00

2. Amounts owed to credit institutions: 32320

3.334.689,00

2.655.129,00

3.373.008,00

1.677.414,00

3.045.096,00

3. Creditors from financial leasing: 32330

0,00

4. Derivatives : 32340

662.346,00

0,00

5. Other financial liabilities : 32350

125.000,00

100.000,00

70.000,00

0,00

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

0,00

V. Trade creditors and other accounts payable: 32500

5.812.726,00

8.116.074,00

6.627.739,00

6.697.656,00

5.768.071,00

1. Suppliers: 32510

4.023.897,00

2.270.255,00

2.048.979,00

2.530.321,00

1.755.615,00

a) Long-term debts : 32511

0,00

b) Short-term debts : 32512

4.023.897,00

2.270.255,00

2.048.979,00

2.530.321,00

1.755.615,00

2. Suppliers, Group companies and associates: 32520

30.248,00

4.487.619,00

3.629.715,00

3.450.951,00

3.250.423,00

3. Other creditors: 32530

717.945,00

351.791,00

320.076,00

355.278,00

308.221,00

4. Personnel (remuneration due): 32540

432.887,00

199.592,00

196.643,00

131.945,00

195.048,00

5. Liabilities for current tax: 32550

291.795,00

681.553,00

301.401,00

104.934,00

44.238,00

6. Other accounts payable to Public Administrations.: 32560

315.954,00

125.263,00

130.924,00

124.228,00

214.527,00

7. Advances from clients: 32570

0,00

VI. Short-term accruals: 32600

0,00

VII. Special short-term debts : 32700

0,00

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

27.806.430,00

23.366.329,00

16.710.050,00

14.619.348,00

14.348.257,00

ORIGINAL

Profit and Loss

2016

2015

2014

2013

2012

1. Net turnover: 40100

37.716.983,00

36.628.724,00

31.543.041,00

28.265.527,00

28.740.367,00

a) Sales: 40110

37.716.300,00

36.628.724,00

31.543.041,00

28.265.527,00

28.739.802,00

b) Rendering of services: 40120

683,00

0,00

565,00

c) Income of financial nature of holding companies: 40130

0,00

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

118.363,00

0,00

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

0,00

4. Supplies : 40400

-22.392.067,00

-29.704.773,00

-25.845.634,00

-23.105.030,00

-23.371.507,00

a) Stock consumption: 40410

-12.742.878,00

-29.589.893,00

-25.841.697,00

-23.119.949,00

-23.370.651,00

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

-9.628.668,00

0,00

14.919,00

-750,00

c) Works carried out by other companies: 40430

-20.521,00

-18.761,00

-3.937,00

0,00

-105,00

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

0,00

-96.120,00

0,00

5. Other operating income: 40500

522.269,00

657.524,00

592.772,00

475.051,00

354.863,00

a) Auxiliary income and other from current management: 40510

522.269,00

657.524,00

592.772,00

475.051,00

354.457,00

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

0,00

406,00

6. Personnel costs: 40600

-6.923.628,00

-2.866.382,00

-2.691.884,00

-2.425.157,00

-2.441.060,00

a) Wages, salaries et al.: 40610

-5.627.946,00

-2.499.707,00

-2.368.048,00

-2.116.444,00

-2.145.894,00

b) Social security costs: 40620

-1.295.682,00

-366.674,00

-323.837,00

-308.713,00

-295.166,00

c) Provisions : 40630

0,00

7. Other operating costs: 40700

-3.704.521,00

-1.953.370,00

-1.689.120,00

-1.539.668,00

-1.717.914,00

a) External services: 40710

-3.734.629,00

-1.877.370,00

-1.630.095,00

-1.499.805,00

-1.515.623,00

b) Taxes: 40720

-58.760,00

-58.254,00

-39.949,00

-15.864,00

-15.562,00

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

88.867,00

-17.745,00

-19.076,00

-23.998,00

-186.730,00

d) Other current management expenditure : 40740

0,00

e) Expenses due to greenhouse gas emissions: 40750

0,00

8. Amortisation of fixed assets: 40800

-964.610,00

-104.961,00

-106.238,00

-105.685,00

-95.015,00

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

-167,00

-19.660,00

-229,00

0,00

a) Impairment and losses : 41110

0,00

b) Results for transfers and other : 41120

0,00

-167,00

-19.660,00

-229,00

0,00

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

0,00

12. Negative difference in combined businesses: 41200

0,00

13. Other results : 41300

82.451,00

-11.544,00

-6.636,00

7.312,00

32.541,00

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

4.455.241,00

2.645.052,00

1.776.641,00

1.572.121,00

1.502.275,00

14. Financial income : 41400

2.800,00

105.639,00

186.264,00

191.253,00

142.138,00

a) Of shares in equity instruments : 41410

0,00

104.678,00

172.050,00

172.035,00

119.454,00

a 1) In Group companies and associates: 41411

0,00

104.678,00

172.050,00

172.035,00

119.454,00

a 2) In third parties: 41412

0,00

b) From negotiable securities and other financial instruments : 41420

2.800,00

961,00

14.214,00

19.218,00

22.684,00

b 1) From Group companies and associates : 41421

0,00

b 2) From third parties : 41422

2.800,00

961,00

14.214,00

19.218,00

22.684,00

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

0,00

15. Financial expenditure: 41500

-98.759,00

-49.602,00

-59.230,00

-67.950,00

-56.415,00

a) Amounts owed to Group companies and associates : 41510

0,00

b) For debts with third parties : 41520

-98.759,00

-49.602,00

-59.230,00

-67.950,00

-56.415,00

c) Stock renewal : 41530

0,00

16. Changes in fair value of financial instruments : 41600

292.223,00

1.116.275,00

0,00

-60.962,00

a) Trading book and other : 41610

292.223,00

1.116.275,00

0,00

-60.962,00

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

0,00

17. Exchange rate differences : 41700

-8.271,00

164.803,00

159.059,00

-111.681,00

-92.095,00

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

-22.957,00

3.643.772,00

94.631,00

-107,00

-101.660,00

a) Impairment and losses : 41810

-22.957,00

-56.903,00

94.631,00

0,00

-101.660,00

b) Results for transfers and other : 41820

0,00

3.700.676,00

0,00

-107,00

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

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

165.035,00

4.980.886,00

380.725,00

11.515,00

-168.994,00

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

4.620.276,00

7.625.939,00

2.157.365,00

1.583.637,00

1.333.282,00

20. Income taxes: 41900

-1.014.278,00

-1.053.544,00

-574.309,00

-423.198,00

-363.705,00

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

3.605.998,00

6.572.395,00

1.583.057,00

1.160.439,00

969.577,00

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

0,00

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

3.605.998,00

6.572.395,00

1.583.057,00

1.160.439,00

969.577,00

> Normal Balance Sheet under the rules of the 1990 General Accounting Plan (repealed since 1st January of 2008)

Information corresponding to the fiscal year 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, Axesor created such criteria using its own methodology. To view details on the methodology 2016 2015 2014 2013 2012 is taken from information submitted to the TRADE REGISTER.

EQUIVALENCIA

ASSETS

2016

2015

2014

2013

2012

A) SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED CAPITAL:

0,00

B) FIXED ASSETS:

10.606.729,00

8.400.833,00

4.262.369,00

4.305.272,00

4.343.121,00

I. Formation expenses:

0,00

II. Intangible fixed assets:

398.362,00

64.943,00

65.774,00

72.800,00

79.681,00

1. Research and development costs:

16.155,00

169,00

354,00

539,00

724,00

2. Concessions, patents, licences, trademarks et al.:

318.561,00

50.001,00

52.273,00

54.546,00

56.819,00

3. Goodwill:

0,00

4. Key money paid for premises:

0,00

5. Software:

63.645,00

14.774,00

13.147,00

17.715,00

22.138,00

6. Assets under capital leases:

0,00

7. Payments on account:

0,00

8. Provisions:

0,00

9. Accumulated depreciation:

0,00

III. Tangible fixed assets:

9.844.529,00

2.646.061,00

2.521.450,00

3.216.459,00

2.953.350,00

1. Land and construction:

4.806.651,00

2.442.714,00

2.324.166,00

3.015.610,00

2.736.415,00

2. Technical installations and machinery:

436.474,00

17.634,00

17.108,00

15.875,00

16.480,00

3. Other installations, tools and furniture:

3.225.232,00

130.303,00

126.418,00

117.303,00

121.773,00

4. Payments on account and tangible fixed assets under construction:

4.680,00

0,00

17.789,00

26.900,00

5. Other tangible assets:

1.371.493,00

55.410,00

53.758,00

49.882,00

51.782,00

6. Provisions:

0,00

7. Accumulated depreciation:

0,00

IV. Financial investments:

363.838,00

5.689.829,00

1.150.145,00

1.016.014,00

1.310.091,00

1. Equity investments in group companies:

323.452,00

5.653.595,00

1.140.151,00

929.019,00

819.019,00

2. Receivables from group companies:

0,00

77.000,00

110.000,00

3. Equity investment in associated companies:

0,00

4. Credits to associated companies:

0,00

5. Long-term securities portfolio:

40.303,00

20.151,00

9.911,00

6.000,00

6. Other receivables:

0,00

16.000,00

0,00

375.000,00

7. Long term guarantees and deposits:

83,00

71,00

8. Provisions:

0,00

9. Long-term receivables from public bodies:

0,00

V. Own shares:

0,00

525.000,00

0,00

VI. Long-term trade receivables:

0,00

C) Deferred expenses:

0,00

D) CURRENT ASSETS:

17.199.701,00

14.652.909,00

12.972.681,00

10.314.076,00

10.005.136,00

I. Called-up share capital (not paid):

0,00

II. Stocks:

5.472.609,00

2.301.729,00

2.094.584,00

2.196.924,00

1.917.203,00

1. Goods for resale:

2.172.309,00

2.301.729,00

2.094.584,00

2.196.924,00

1.917.203,00

2. Raw materials and other consumables:

845.779,00

0,00

3. Goods in process and semifinished ones:

9.565,00

0,00

4. Finished products:

2.444.957,00

0,00

5. Byproducts, scrap and recovered materials:

0,00

6. Payments on account:

0,00

7. Provisions:

0,00

III. Debtors:

8.834.277,00

8.742.704,00

8.562.481,00

6.272.251,00

5.945.493,00

1. Trade debtors / accounts receivable:

8.062.619,00

7.615.691,00

6.674.545,00

5.673.106,00

5.476.864,00

2. Accounts receivable, Group companies:

92.616,00

578.126,00

1.502.499,00

346.317,00

273.114,00

3. Accounts receivable, associated companies:

0,00

4. Other debtors:

142.912,00

159.391,00

194.240,00

145.646,00

72.268,00

5. Staff:

0,00

30.000,00

6. Public bodies:

536.129,00

389.496,00

191.198,00

77.183,00

93.247,00

7. Provisions:

0,00

IV. Short-term investments:

35.141,00

19.094,00

449.000,00

236.000,00

1. Equity investments in group companies:

0,00

2. Receivables from group companies:

0,00

3. Equity investment in associated companies:

0,00

4. Credits to associated companies:

0,00

5. Short term securities portfolio:

0,00

6. Other receivables:

16.000,00

0,00

375.000,00

236.000,00

7. Shor term guarantees and deposits:

19.141,00

19.094,00

74.000,00

0,00

8. Provisions:

0,00

V. Short-term treasury shares:

0,00

VI. Cash at bank and in hand:

2.795.374,00

3.523.583,00

2.261.370,00

1.370.900,00

1.906.440,00

VII. Prepayments and accrued income:

62.301,00

49.751,00

35.152,00

25.000,00

0,00

GENERAL TOTAL (A + B + C + D):

27.806.430,00

23.053.742,00

17.235.050,00

14.619.348,00

14.348.257,00

MERCANTILE REGISTRY.

EQUIVALENCIA

LIABILITIES

2016

2015

2014

2013

2012

A) EQUITY:

15.812.379,00

11.570.274,00

6.535.466,00

5.552.410,00

4.991.971,00

I. Subscribed capital:

857.601,00

900.000,00

II. Share premium:

0,00

III. Revaluation reserves:

0,00

IV. Reserves:

11.348.780,00

4.140.279,00

4.052.410,00

3.491.971,00

3.122.395,00

1. Legal reserve:

171.520,00

180.000,00

2. Reserves for own shares:

0,00

3. Reserves for shares of the controlling company:

0,00

4. Statutory reserves:

0,00

5. Miscellaneous reserves:

11.177.260,00

3.968.759,00

3.872.410,00

3.311.971,00

2.942.395,00

6. Differences due to capital adjustment to euros:

0,00

V. Profit or loss brought forward:

0,00

1. Retained earnings:

0,00

2. Prior year losses:

0,00

3. Partners' contributions so as to compensate losses:

0,00

VI. Profit or loss for the financial year:

3.605.998,00

6.572.395,00

1.583.057,00

1.160.439,00

969.577,00

VII. Interim dividend paid:

0,00

VIII. Own shares for capital reduction:

0,00

B) Deferred income:

0,00

1. Capital grants:

0,00

2. Unrealised exchange gains:

0,00

3. Other deferred income:

0,00

4. Public revenues to distribute in several financial years:

0,00

C) PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

1. Provisions for pension fund and other similar obligations:

0,00

2. Provisions for taxes:

0,00

3. Other provisions:

0,00

4. Reversion fund:

0,00

D) LONG TERM LIABILITIES:

2.684.983,00

612.265,00

628.837,00

621.869,00

543.118,00

I. Issued debentures and other marketable securities:

0,00

1. Non-convertible debentures:

0,00

2. Convertible debentures:

0,00

3. Other debt securities:

0,00

II. Amounts owed to credit institutions:

2.684.983,00

612.265,00

628.837,00

621.869,00

473.118,00

1. Loans and other liabilities:

2.684.983,00

612.265,00

628.837,00

621.869,00

473.118,00

2. Long-term liabilities from capital leases:

0,00

III. Debts with companies of the group and affiliated ones:

0,00

1. Amounts owed to group companies:

0,00

2. Amounts owed to associated companies:

0,00

IV. Other creditors:

0,00

70.000,00

1. Long-term bills of exchange payable:

0,00

2. Other creditors:

0,00

70.000,00

3. Long term guarantees and deposits received:

0,00

4. Long term payables to public bodies:

0,00

V. Unpaid portion of equity investment:

0,00

1. Group companies:

0,00

2. Associated companies:

0,00

3. Third parties:

0,00

VI. Long term trade creditors:

0,00

E) SHORT TERM CREDITORS:

9.272.414,00

10.871.203,00

10.070.747,00

8.445.069,00

8.813.168,00

I. Issued debentures and other marketable securities:

0,00

1. Non-convertible debentures:

0,00

2. Convertible debentures:

0,00

3. Other debt securities:

0,00

4. Accrued interest on debentures and other debt securities:

0,00

II. Amounts owed to credit institutions:

3.334.689,00

2.655.129,00

3.373.008,00

1.677.414,00

3.045.096,00

1. Loans and other liabilities:

3.334.689,00

2.655.129,00

3.373.008,00

1.677.414,00

3.045.096,00

2. Accrued interest on liabilities with credit institutions:

0,00

3. Short-term liabilities from capital leases:

0,00

III. Short-term amounts owed to group and associated companies:

30.248,00

4.487.619,00

3.629.715,00

3.450.951,00

3.250.423,00

1. Amounts owed to group companies:

30.248,00

4.487.619,00

3.629.715,00

3.450.951,00

3.250.423,00

2. Amounts owed to associated companies:

0,00

IV. Trade creditors:

4.741.842,00

2.622.046,00

2.369.055,00

2.885.598,00

2.063.836,00

1. Advanced payments from customers:

0,00

2. Amounts owed for purchases of goods or services:

4.741.842,00

2.622.046,00

2.369.055,00

2.885.598,00

2.063.836,00

3. Debts represented by notes payable:

0,00

V. Other creditors:

1.165.636,00

1.106.408,00

698.969,00

431.106,00

453.812,00

1. Public bodies:

607.749,00

806.816,00

432.326,00

229.161,00

258.764,00

2. Bills of exchange payable:

0,00

3. Miscellaneous debts:

125.000,00

100.000,00

70.000,00

0,00

4. Wages and salaries payable:

432.887,00

199.592,00

196.643,00

131.945,00

195.048,00

5. Guarantees and deposits received at short term:

0,00

VI. Provisions:

0,00

VII. Prepayments and accrued income:

0,00

F) SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

GENERAL TOTAL (A + B + C + D + E + F):

27.769.776,00

23.053.742,00

17.235.050,00

14.619.348,00

14.348.257,00

MERCANTILE REGISTRY.

EQUIVALENCIA

DEBIT

2016

2015

2014

2013

2012

A) CHARGES (A.1 to A.15):

35.129.091,00

35.801.246,00

30.898.080,00

27.778.704,00

28.300.334,00

A.1. Stock reduction of both manufactured goods and the ones in process:

0,00

A.2. Supplies:

22.392.067,00

29.608.654,00

25.845.634,00

23.105.030,00

23.371.507,00

a) Stock consumption:

12.742.878,00

29.589.893,00

25.841.697,00

23.119.949,00

23.370.651,00

b) Consumption of raw materials and miscellaneous consumable ones:

9.628.668,00

0,00

-14.919,00

750,00

c) Miscellaneous external expenditure:

20.521,00

18.761,00

3.937,00

0,00

105,00

A.3. Staff costs:

6.923.628,00

2.866.382,00

2.691.884,00

2.425.157,00

2.441.060,00

a) Wages, salaries et al.:

5.627.946,00

2.499.707,00

2.368.048,00

2.116.444,00

2.145.894,00

b) Social security costs:

1.295.682,00

366.674,00

323.837,00

308.713,00

295.166,00

A.4. Depreciation expense:

964.610,00

104.961,00

106.238,00

105.685,00

95.015,00

A.5. Variation of trade provisions and losses of unrecovered receivables:

-88.867,00

113.865,00

19.076,00

23.998,00

186.730,00

a) Stock provision variation:

0,00

96.120,00

0,00

b) Variation in provision and bad debt losses:

13.632,00

-2.722,00

-2.926,00

-3.681,00

-28.644,00

c) Variation of other trade provisions:

-102.499,00

20.467,00

22.003,00

27.680,00

215.374,00

A.6. Other operating charges:

3.793.389,00

1.935.625,00

1.670.043,00

1.515.669,00

1.531.184,00

a) External services:

3.734.629,00

1.877.370,00

1.630.095,00

1.499.805,00

1.515.623,00

b) Taxes:

58.760,00

58.254,00

39.949,00

15.864,00

15.562,00

c) Other operating expenses:

0,00

d) Allocation to revision fund:

0,00

A.I. OPERATING BENEFITS (B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6):

4.372.790,00

2.656.763,00

1.802.937,00

1.565.039,00

1.469.734,00

A.7. Financial and similar charges:

121.716,00

106.506,00

-35.402,00

68.057,00

56.415,00

a) Due to liabilities with companies of the group:

0,00

b) Due to liabilities with associated companies:

0,00

c) Due to other debts.:

98.759,00

49.602,00

59.230,00

67.950,00

56.415,00

d) Losses from financial investments:

22.957,00

56.903,00

-94.631,00

107,00

0,00

A.8. Changes in financial investment provisions:

0,00

162.622,00

A.9. Exchange losses:

8.271,00

0,00

111.681,00

92.095,00

A.II. NET FINANCIAL INCOME (B.5+B.6+B.7+B.8-A.7-A.8-A.9):

165.035,00

4.980.886,00

380.725,00

11.515,00

0,00

A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II):

4.537.825,00

7.637.649,00

2.183.662,00

1.576.554,00

1.300.740,00

A.10. Changes in provisions for intangible, tangible and securities portfolio:

0,00

A.11. Losses from tangible and intangible fixed assets and securities portfolio:

0,00

167,00

19.660,00

229,00

0,00

A.12. Losses from transactions with own shares and debentures:

0,00

A.13. Extraordinary expenses:

0,00

11.544,00

6.636,00

0,00

A.14. Expenses and losses of former financial years:

0,00

A.IV. EXTRAORDINARY PROFIT (B.9+B.10+B.11+B.12+B.13-A.10-A.11-A.12-A.13-A.14):

82.451,00

0,00

7.083,00

32.541,00

A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV):

4.620.276,00

7.625.939,00

2.157.365,00

1.583.637,00

1.333.282,00

A.15. Corporation tax:

1.014.278,00

1.053.544,00

574.309,00

423.198,00

363.705,00

A.16. Miscellaneous taxes:

0,00

A.VI. FINANCIAL YEAR RESULTS (PROFIT) (A.V-A.15-A.16):

3.605.998,00

6.572.395,00

1.583.057,00

1.160.439,00

969.577,00

MERCANTILE REGISTRY.

EQUIVALENCIA

CREDIT

2016

2015

2014

2013

2012

B) INCOME ( B.1 to B.13):

38.735.089,00

42.373.641,00

32.481.136,00

28.939.143,00

29.269.910,00

B.1. Net total sales:

37.716.983,00

36.628.724,00

31.543.041,00

28.265.527,00

28.740.367,00

a) Sales:

37.799.041,00

36.709.079,00

31.612.239,00

28.327.535,00

28.802.851,00

b) Rendering of services:

683,00

0,00

565,00

Returns and Rappel on sales:

-82.741,00

-80.355,00

-69.198,00

-62.008,00

-63.048,00

B.2. Stock increase of manufactured goods and products in process:

118.363,00

0,00

B.3. Works performed by the company for fixed assets:

0,00

B.4. Miscellaneous operating income:

522.269,00

657.524,00

592.772,00

475.051,00

354.863,00

a) Auxiliary income and other from current management:

522.269,00

657.524,00

592.772,00

475.051,00

354.457,00

b) Grants:

0,00

406,00

c) Liabilities and charges provisions surplus:

0,00

B.I. PÉRDIDAS DE EXPLOTACIÓN (A.1+A.2+A.3+A.4+A.5-A.6-B.1-B.2-B.3-B.4):

0,00

B.5. Income from equity investment:

0,00

104.678,00

172.050,00

172.035,00

119.454,00

a) In companies of the group:

0,00

104.678,00

172.050,00

172.035,00

119.454,00

b) In associated companies:

0,00

c) Third parties:

0,00

B.6. Income from other marketable securities and long-term receivables:

0,00

a) From companies of the group:

0,00

b) From associated companies:

0,00

c) From companies out of the group:

0,00

B.7. Miscellaneous interests or similar income:

295.023,00

4.817.912,00

14.214,00

19.218,00

22.684,00

a) From companies of the group:

0,00

b) From associated companies:

0,00

c) Miscellaneous interests:

2.800,00

961,00

14.214,00

19.218,00

22.684,00

d) Profit on financial investment:

292.223,00

4.816.950,00

0,00

B.8. Exchange positive differences:

0,00

164.803,00

159.059,00

0,00

B.II. NEGATIVE FINANCIAL RESULTS (A.7+A.8+A.9-B.5-B.6-B.7-B.8):

0,00

168.994,00

B.III. LOSSES ON ORDINARY ACTIVITIES ( B.I + B.II - A.I - A.II ):

0,00

B.9.Profit on disposal of both tangible and intangible fixed assets and securities portfolio:

0,00

B.10. Profit on transactions with own shares and debentures:

0,00

B.11. Capital grants transferred to profit and loss:

0,00

B.12. Extraordinary income:

82.451,00

0,00

7.312,00

32.541,00

B.13. Income and profit of former financial years:

0,00

B.IV. NEGATIVE EXTRAORDINARY RESULTS (A.10+A.11+A.12+A.13+A.14-B.9-B.10-B.11-B.12-B.13):

0,00

11.711,00

26.296,00

0,00

B.V. LOSSES BEFORE TAXES (B.III+B.IV-A.III-A.IV):

0,00

B.VI. RESULT OF THE PERIOD (LOSSES) (B.V+A.15+A.16):

0,00

MERCANTILE REGISTRY.

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

4.620.276,00

7.625.939,00

2.157.365,00

1.583.637,00

1.333.282,00

2. Results adjustments.: 61200

1.922.863,00

-3.923.419,00

-235.749,00

118.397,00

419.414,00

a) Fixed Assets Amortization (+).: 61201

964.610,00

104.961,00

106.238,00

105.685,00

95.015,00

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

-81.867,00

170.768,00

-75.555,00

23.998,00

288.390,00

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

0,00

60.962,00

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

0,00

167,00

19.660,00

229,00

0,00

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

0,00

-3.700.676,00

0,00

107,00

0,00

g) Financial income (-).: 61207

-2.800,00

-105.639,00

-186.264,00

-191.253,00

-142.138,00

h) Financial Expenses (+). : 61208

98.759,00

49.602,00

59.230,00

67.950,00

56.415,00

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

8.271,00

-164.803,00

-159.059,00

111.681,00

92.095,00

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

990.890,00

-307.800,00

0,00

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

-55.000,00

30.000,00

0,00

-31.325,00

3. Changes in current capital equity.: 61300

-516.519,00

413.269,00

-2.439.071,00

222.044,00

837.325,00

a) Stock (+/-).: 61301

-256.028,00

-303.265,00

102.340,00

-279.721,00

120.749,00

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

4.655.948,00

-198.633,00

-2.264.874,00

-342.123,00

371.602,00

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

-3.466,00

-14.646,00

-10.152,00

-25.000,00

0,00

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

-4.912.972,00

1.108.183,00

-266.385,00

868.889,00

465.100,00

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

0,00

-120.125,00

f) Other non-current assets and liabilities (+/-).: 61306

0,00

-178.370,00

0,00

4. Cash Flows from Other Operating Activities: 61400

-1.644.815,00

-616.691,00

-325.239,00

-247.832,00

-432.997,00

a) Interest payments (-). : 61401

-98.759,00

-49.602,00

-59.230,00

-67.950,00

-56.415,00

c) Interest collection (+). : 61403

2.800,00

105.639,00

186.264,00

191.253,00

142.138,00

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

-1.548.857,00

-672.728,00

-452.274,00

-371.135,00

-518.721,00

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

4.381.806,00

3.499.098,00

-842.694,00

1.676.246,00

2.157.024,00

6. Payments for investment (-).: 62100

-2.279.469,00

-5.103.237,00

-584.505,00

-449.816,00

-1.094.990,00

a) Companies of the group and affiliates. : 62101

0,00

-4.954.171,00

0,00

b) Intangible fixed assets. : 62102

-11.910,00

-4.583,00

-548,00

-3.366,00

-8.271,00

c) Fixed assets. : 62103

-2.260.559,00

-45.955,00

-543.316,00

-359.527,00

-749.719,00

e) Other financial assets. : 62105

-7.000,00

-98.527,00

-40.641,00

-86.923,00

-337.000,00

7. Divestment payment collection (+). : 62200

16.000,00

4.136.000,00

1.206.047,00

168.643,00

6.000,00

a) Companies of the group and affiliates. : 62201

0,00

4.136.000,00

0,00

b) Intangible fixed assets. : 62202

0,00

1.120.000,00

750,00

0,00

d) Real estate investment. : 62204

0,00

86.047,00

167.893,00

0,00

e) Other financial assets. : 62205

16.000,00

0,00

6.000,00

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

-2.263.469,00

-967.237,00

621.543,00

-281.173,00

-1.088.990,00

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

0,00

-150.000,00

0,00

c) Acquisition of own equity instruments (-). : 63103

0,00

-150.000,00

0,00

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

-2.561.984,00

-734.451,00

1.702.563,00

-1.218.932,00

23.625,00

a) Issuance : 63201

0,00

1.702.563,00

0,00

23.625,00

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

0,00

1.702.563,00

0,00

23.625,00

b) Repayment and amortization of : 63207

-2.561.984,00

-734.451,00

0,00

-1.218.932,00

0,00

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

-2.561.984,00

-734.451,00

0,00

-1.218.932,00

0,00

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

-1.000.000,00

-700.000,00

-600.000,00

-450.000,00

a) Dividends (-).: 63301

-1.000.000,00

-700.000,00

-600.000,00

-450.000,00

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

-3.561.984,00

-1.434.451,00

952.563,00

-1.818.932,00

-426.375,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

-8.271,00

164.803,00

159.059,00

-111.681,00

-92.095,00

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

-1.451.919,00

1.262.213,00

890.470,00

-535.540,00

549.564,00

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

4.247.293,00

2.261.370,00

1.370.900,00

1.906.440,00

1.356.876,00

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

2.795.374,00

3.523.583,00

2.261.370,00

1.370.900,00

1.906.440,00

FINANCIAL DIAGNOSIS

> Economic-Financial Comparative Analysis

Data used in the following ratios and indicators is taken from the Annual Accounts submitted by the company to the TRADE REGISTER.

> Comparison within the Sector

Cash Flow

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Cash Flow over Sales:

-0,02 %

0,07 %

0,03 %

0,06 %

-156,03 %

4,19 %

Net Financial Debt:

0,75

2,11

-0,18

2,83

508,31

-25,49

Cash Flow Yield:

-0,03 %

0,03 %

0,05 %

0,03 %

-148,48 %

6,40 %

EBITDA over Sales:

14,15 %

12,05 %

7,54 %

10,45 %

87,69 %

15,34 %

Profitability

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

15,95 %

8,81 %

15,33 %

6,93 %

4,07 %

27,04 %

Total economic profitability:

16,97 %

5,09 %

32,85 %

3,19 %

-48,34 %

59,77 %

Financial profitability:

23,74 %

7,64 %

55,31 %

4,13 %

-57,07 %

84,86 %

Margin:

11,44 %

7,78 %

7,12 %

6,34 %

60,50 %

22,63 %

Mark-up:

11,87 %

7,25 %

20,48 %

3,76 %

-42,07 %

92,80 %

Solvency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,28

0,16

0,32

0,14

-13,19

13,36

Acid Test:

1,16

0,89

1,15

0,87

0,54

2,43

Working Capital / Investment:

0,26

0,03

0,17

0,03

49,02

-1,61

Solvency:

1,73

1,20

1,38

1,19

25,76

0,84

Indebtedness

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

0,83

1,22

0,97

1,31

-14,01

-7,17

Borrowing Composition:

0,27

1,03

0,06

1,04

379,87

-0,74

Repayment Ability:

2,36

9,07

4,16

11,04

-43,14

-17,87

Warranty:

2,20

1,84

2,03

1,78

8,29

3,38

Generated resources / Total creditors:

0,36

0,09

0,27

0,08

33,56

22,28

Efficiency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,77

1,91

1,96

1,80

-9,81

6,46

Turnover of Collection Rights :

4,40

5,17

4,31

5,23

2,28

-1,03

Turnover of Payment Entitlements:

4,51

3,54

3,90

3,69

15,62

-4,26

Stock rotation:

6,19

8,12

15,04

7,80

-58,87

4,11

Assets turnover:

1,40

1,13

2,15

1,09

-35,16

3,60

Borrowing Cost:

0,78

2,35

0,43

2,46

81,17

-4,11

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

Cash Flow

2016

2015

2014

2013

2012

Cash Flow over Sales:

-0,02 %

0,03 %

-0,02 %

0,02 %

Net Financial Debt:

0,75

-0,18

0,94

0,33

1,07

Cash Flow Yield:

-0,03 %

0,05 %

-0,04 %

0,04 %

EBITDA over Sales:

14,15 %

7,54 %

6,05 %

5,91 %

5,44 %

Profitability

2016

2015

2014

2013

2012

Operating economic profitability:

15,95 %

15,33 %

11,47 %

11,90 %

11,48 %

Total economic profitability:

16,97 %

32,85 %

13,27 %

11,30 %

9,69 %

Financial profitability:

23,74 %

55,31 %

26,34 %

20,90 %

19,42 %

Margin:

11,44 %

7,12 %

5,55 %

5,44 %

5,05 %

Mark-up:

11,87 %

20,48 %

6,73 %

5,48 %

4,47 %

Solvency

2016

2015

2014

2013

2012

Liquidity:

0,28

0,32

0,22

0,16

0,22

Acid Test:

1,16

1,15

1,07

0,96

0,92

Working Capital / Investment:

0,26

0,17

0,13

0,08

Solvency:

1,73

1,38

1,29

1,22

1,14

Indebtedness

2016

2015

2014

2013

2012

Indebtedness level:

0,83

0,97

1,78

1,63

1,87

Borrowing Composition:

0,27

0,06

0,07

0,06

Repayment Ability:

2,36

4,16

5,60

5,43

5,98

Warranty:

2,20

2,03

1,56

1,61

1,53

Generated resources / Total creditors:

0,36

0,27

0,15

0,14

0,12

Efficiency

2016

2015

2014

2013

2012

Productivity:

1,77

1,96

1,71

1,69

1,64

Turnover of Collection Rights :

4,40

4,31

3,79

4,59

4,89

Turnover of Payment Entitlements:

4,51

3,90

4,15

3,68

4,35

Stock rotation:

6,19

15,04

14,48

12,37

14,41

Assets turnover:

1,40

2,15

2,07

2,18

2,27

Borrowing Cost:

0,78

0,43

0,55

0,75

0,60

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

LA VANGUARDIA

07/04/2017

Aurica-Sabadell invierte en la química Delta Tecnic

Companies related

BANCO DE SABADELL SA

Public Tenders and Works Won

No Public Tenders assigned to the name of the company.

Detail of Subsidies appearing in Balances Memories

Entity

L'EMPRESA CATALANA

Status

CONCEDIDA

Project

Viajes a República Checa.

Amount Granted

405,56

Entity

INSTITUTO ESPAÑOL DE COMERCIO EXTERIOR

Status

CONCEDIDA

Project

Feria Dusseldorf.

Amount Granted

3.469,00

Entity

INSTITUTO ESPAÑOL DE COMERCIO EXTERIOR

Status

CONCEDIDA

Project

Misión Rusia.

Amount Granted

1.000,00

Entity

INSTITUTO ESPAÑOL DE COMERCIO EXTERIOR

Status

CONCEDIDA

Project

Feria Dusseldorf.

Amount Granted

508,35

Entity

MITRO

Subsidy Concept

Subvención de explotación.

Status

CONCEDIDA

Amount Granted

1.685,83

Entity

MITRO

Subsidy Concept

Subvención de explotación.

Status

CONCEDIDA

Amount Granted

1.316,41

Research Summary

Medium-sized company engaged in the wholesale trade of raw materials and dyes for plastics. It has been operating for several years without any incidences.

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
UK Pound	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 :	PRI

Report Prepared by :	SYL

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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

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

MIRA INFORM REPORT

EXECUTIVE SUMMARY

Enquiry Details

Identification

Activity

Chronological Summary

Breakdown of Owners' Equity

Active Social Bodies

Historical Social Bodies

Executive board

Defaults, Legal Claims and Insolvency Proceedings

Chronological summary

Basis for scoring

Probability of default

LEGAL CLAIMS

Link List

Turnover

Financial Accounts and Balance Sheets

CASHFLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

News

Public Tenders and Works Won

Detail of Subsidies appearing in Balances Memories

Research Summary

Sources

Unit