3decades

MIRA INFORM REPORT

Report No. :	514983
Report Date :	22.06.2018

IDENTIFICATION DETAILS

Name :	JUANFRA SL

Registered Office :	Villa Bernal Road (CR Mazarron), 15 – KM 2, Murcia, 30120

Country :	Spain

Financials (as on) :	31.12.2016

Date of Incorporation :	26.08.1980

Legal Form :	Private Company

Line of Business :	processing and preserving of fruit and vegetables

No. of Employees :	38 (2017)

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 :	No Complaints

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

(31.12.2017)

Current Rating

(01.04.2018)

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 a prolonged recession that began in 2008 in the wake of the global financial crisis, Spain marked the fourth full year of positive economic growth in 2017, with economic activity surpassing its pre-crisis peak, largely because of increased private consumption. The financial crisis of 2008 broke 16 consecutive years of economic growth for Spain, leading to an economic contraction that lasted until late 2013. In that year, the government successfully shored up its struggling banking sector - heavily exposed to the collapse of Spain’s real estate boom - with the help of an EU-funded restructuring and recapitalization program.

Until 2014, contraction in bank lending, fiscal austerity, and high unemployment constrained 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 16.4% in 2017. High unemployment strained Spain's public finances, as spending on social benefits increased while tax revenues fell. Spain’s budget deficit peaked at 11.4% of GDP in 2010, but Spain gradually reduced the deficit to about 3.3% of GDP in 2017. Public debt has increased substantially – from 60.1% of GDP in 2010 to nearly 96.7% in 2017.

Strong export growth helped bring Spain's current account into surplus in 2013 for the first time since 1986 and sustain Spain’s economic growth. Increasing labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have improved Spain’s export competitiveness and generated foreign investor interest in the economy, restoring FDI flows.

In 2017, the Spanish Government’s minority status constrained its ability to implement controversial labor, pension, health care, tax, and education reforms. The European Commission expects the government to meet its 2017 budget deficit target and anticipates that expected economic growth in 2018 will help the government meet its deficit target. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and increased economic activity has generated a modest level of inflation, at 2% in 2017.

Source : CIA

EXECUTIVE SUMMARY

Name:

JUANFRA SL

NIF / Fiscal code:

B30038400

Trade Name

JUANFRA SL "ACEITUNAS JUANFRA"

Status:

ACTIVE

Incorporation Date:

26/08/1980

Register Data

Last Publication in BORME:

19/10/2011 [Annual accounts' deposit]

Last Published Account Deposit:

2016

Share Capital:

150.250

Localization:

C/ CAMINO VILLA BERNAL, 15 - MURCIA - 30120 - MURCIA

Telephone - Fax - Email - Website:

Telephone. 968 880 678 Email. aceitunasjuanfra@aceitunasjuanfra.es Website. aceitunasjuanfra.es

Number of Branches

Activity:

NACE:

1039 - Other processing and preserving of fruit and vegetables

Registered Trademarks:

Audited / Opinion:

Si /

Tenders and Awards:

Subsidies:

3 for a total cost of 233077.94999999998

Payment Behaviour:

no No complaints

Prospects:

Consolidation

Industry situation:

Maturity

Defaults, Legal Claims and Insolvency Proceedings :

Number

Amount (€)

Most Recent Entry

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Defaults on debt with Financial Institutions and Large Companies

None

---

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

None

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Partners:

Enquiry Details

IDENTIFICATION

Social Denomination:

JUANFRA SL

Trade Name:

JUANFRA SL "ACEITUNAS JUANFRA"

NIF / Fiscal code:

B30038400

Corporate Status:

ACTIVE

Start of activity:

1972

Registered Office:

C/ CAMINO VILLA BERNAL, 15

Locality:

MURCIA

Province:

MURCIA

Postal Code:

30120

Telephone:

968 880 678

Fax:

968 880 458

Website:

aceitunasjuanfra.es

Email:

aceitunasjuanfra@aceitunasjuanfra.es

Interviewed Person:

Administration (few details)

Branch Offices

Address	Postal Code	City	Province
CAMINO VILLA BERNAL	30120	MURCIA	MURCIA
CALLE PINOS	41820	CARRION DE LOS CESPEDES	SEVILLA

Activity

NACE:

1039

Corporate Purpose:

Wholesaler of fruit and vegetables.

Additional Information:

Real activity carried out: seasoning, packaging and trade of olives. Pickles, in general.

Additional Address:

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

Franchise:

Import / export:

IMPORTS

Future Perspective:

Consolidation

Industry situation:

Maturity

Number of Employees

Year

No. of employees

Established

Incidentals

2017

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

Chronological Summary

Year

Act

1990

Accounts deposit (year 1989)

1992

Accounts deposit (year 1990)

1993

Accounts deposit (year 1991, 1992) Adaptation to Law (1) Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1)

1994

Accounts deposit (year 1993)

1996

Accounts deposit (year 1994)

1997

Accounts deposit (year 1995, 1996) Adaptation to Law (1) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1)

1998

Accounts deposit (year 1997)

1999

Accounts deposit (year 1998)

2000

Accounts deposit (year 1999)

2001

Accounts deposit (year 2000) Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1) Increase of Capital (1)

2002

Accounts deposit (year 2001)

2003

Accounts deposit (year 2002)

2004

Accounts deposit (year 2003)

2005

Accounts deposit (year 2004)

2006

Accounts deposit (year 2005) Appointments/ Re-elections (1)

2007

Accounts deposit (year 2006)

2008

Accounts deposit (year 2007)

2009

Accounts deposit (year 2008)

2010

Accounts deposit (year 2009)

2011

Accounts deposit (year 2010)

2012

Accounts deposit (year 2011)

2013

Accounts deposit (year 2012)

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:

150.250

Paid up capital:

150.250

Updated Evolution of the Subscribed and Paid-in Capital

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

05/06/2001

Increase of Capital

147.245

150.250

Founding Partners

Partner Name

NIF

% Shareholding stake

JUAN FRANCISCO LOPEZ MARTINEZ

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

SINGLE ADMINISTRATOR

JUAN FRANCISCO LOPEZ MARTINEZ

05/06/2001

PROXY

FRANCISCO LOPEZ MUÑOZ

02/07/2001

JUAN FRANCISCO LOPEZ MARTINEZ

25/08/1993

ACCOUNTS' AUDITOR / HOLDER

AVERAT AUDITORES SL

10/11/2006

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

FRANCISCO LOPEZ MUÑOZ

SINGLE ADMINISTRATOR

11/08/1997

SINGLE ADMINISTRATOR

05/06/2001

SINGLE ADMINISTRATOR

21/01/1993

Executive board

Post

NIF

Name

ADMINISTRATOR UNICO

JUAN FRANCISCO LOPEZ MARTINEZ

FINANCIAL DIRECTOR

JUAN FRANCISCO LOPEZ MARTINEZ

APODERADO

FRANCISCO LOPEZ MUÑOZ

Defaults, Legal Claims and Insolvency Proceedings

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

> Summary

Chronological summary

Number of Publications

Amount (€)

Start date

End date

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Request/Declaration

---

date

Proceedings

---

Resolution

---

Defaults on debt with Financial Institutions and Large Companies

Bank and Commercial Delinquency

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

---

> Details

> 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.

Adequate level of financial autonomy. The financial autonomy of the entity represents the 33.52%. In principle, an increase in this ratio would indicate an improvement in the corporate's balace sheets.

JUANFRA SL obtains economic profitability from the necessary investments in the development of its activity in comparison with its assets.

High financial profitability. Net return from the company's main activity performed using its own equity is high. This income return has decreased in comparison with the previous financial year.

The current debt represents a 56.26 % of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation.

No Company's subsidiaries or branches are known.

Possible difficulty accessing financing. Uncertainties about economic recovery will hinder access to credit for new projects or for obtaining the liquidity necessary for short-term needs.

The activity consideration has changed due to the information contained in the last revisions.

Probability of default

> Estimated Probability of Default for the next 12 months: 0.917 %

> Latest Scoring Changes:

Sector in which comparison is carried out:

103 Processing and preserving of fruit and vegetables

Description: wordml://2182

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 94.00% of the companies of the sector JUANFRA 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 0,917%.

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

Turnover

Total Sales 2016

5.451.534,85

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

Estimated Balance

The subject''s volume of business for the 2016 fiscal year increased by 19% The Balance Sheet shows a moderately balanced financial status, as evidenced by the Treasury Ratio (1,3/1) and Total Solvency Ratio (1,6/1).

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2016

Normales

August 2017

2015

Normales

August 2016

2014

Normales

August 2015

2013

Normales

September 2014

2012

Normales

October 2013

2011

Normales

November 2012

2010

Normales

September 2011

2009

Normales

September 2010

2008

Normales

September 2009

2007

Normales

August 2008

2006

Normales

October 2007

2005

Normales

September 2006

2004

Normales

August 2005

2003

Normales

November 2004

2002

Normales

October 2003

2001

Normales

August 2002

2000

Normales

October 2001

1999

Normales

July 2000

1998

Normales

July 1999

1997

Normales

August 1998

1996

Normales

August 1997

1995

Normales

December 1996

1994

Normales

August 1995

1993

Normales

September 1994

1992

Normales

November 1993

1991

Normales

November 1992

1990

Normales

January 1992

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

> 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, 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

966.543,00

1.011.926,00

931.039,00

903.567,00

899.546,00

I. Intangible fixed assets : 11100

4.124,00

123,00

11.601,00

0,00

5.905,00

II. Tangible fixed assets : 11200

955.689,00

1.005.073,00

912.707,00

896.837,00

886.910,00

III. Real estate investment: 11300

0,00

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

0,00

V. Long-term financial investments: 11500

6.730,00

VI. Assets for deferred tax : 11600

0,00

VII. Non-current trade debtors : 11700

0,00

B) CURRENT ASSETS: 12000

3.126.881,00

2.477.083,00

1.572.544,00

1.533.965,00

1.309.171,00

I. Stocks : 12200

121.884,00

460.345,00

503.072,00

495.607,00

367.062,00

II. Trade debtors and others receivable accounts : 12300

628.211,00

909.757,00

946.382,00

905.122,00

797.666,00

1. Trade debtors / accounts receivable: 12380

626.276,00

856.538,00

885.544,00

762.379,00

691.014,00

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

0,00

b) Customers for sales and provisions of services : 12382

626.276,00

856.538,00

885.544,00

762.379,00

691.014,00

2. Called up share capital: 12370

0,00

3. Other accounts receivable : 12390

1.935,00

53.218,00

60.838,00

142.743,00

106.652,00

III. Short-term investment in Group companies and associates: 12400

0,00

IV. Short-term financial investments : 12500

465,00

0,00

1.000,00

V. Short-term accruals : 12600

2.422,00

2.915,00

3.999,00

3.928,00

3.242,00

VI. Cash and other equivalent liquid assets : 12700

2.373.900,00

1.104.066,00

119.092,00

129.308,00

140.201,00

TOTAL ASSETS (A + B) : 10000

4.093.424,00

3.489.008,00

2.503.583,00

2.437.532,00

2.208.717,00

ORIGINAL

Liabilities and Net Worth

2016

2015

2014

2013

2012

A) NET WORTH: 20000

1.372.173,00

843.349,00

802.046,00

844.996,00

834.458,00

A-1) Shareholders' equity: 21000

1.372.173,00

843.349,00

802.046,00

844.996,00

834.458,00

I. Capital: 21100

150.250,00

1. Registered capital : 21110

150.250,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

693.099,00

651.796,00

611.949,00

684.208,00

674.912,00

1. Capitalisation Reserves: 21350

0,00

2. Otras Reservas: 21360

693.099,00

0,00

IV. (Common stock equity): 21400

0,00

V. Profit or loss brought forward: 21500

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

528.824,00

41.302,00

39.847,00

10.538,00

9.295,00

VIII. (Interim dividend): 21800

0,00

A-2) Changes in net worth : 22000

0,00

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

0,00

B) NON-CURRENT LIABILITIES: 31000

418.367,00

304.594,00

216.613,00

133.582,00

215.107,00

I. Long-term provisions: 31100

0,00

31.934,00

0,00

II. Long-term creditors : 31200

417.842,00

300.811,00

177.639,00

123.284,00

199.237,00

1. Amounts owed to credit institutions: 31220

417.842,00

300.811,00

170.832,00

120.000,00

189.713,00

2. Creditors from financial leasing : 31230

0,00

3. Other long-term creditors : 31290

0,00

6.807,00

3.284,00

9.524,00

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

0,00

IV. Liabilities for deferred tax: 31400

525,00

3.783,00

7.040,00

10.298,00

15.870,00

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

2.302.884,00

2.341.066,00

1.484.923,00

1.458.955,00

1.159.152,00

I. Short-term provisions: 32200

0,00

II. Short-term creditors : 32300

1.668.927,00

1.676.610,00

978.418,00

999.361,00

605.117,00

1. Amounts owed to credit institutions: 32320

1.668.927,00

1.669.803,00

966.059,00

993.120,00

599.288,00

2. Creditors from financial leasing : 32330

0,00

3. Other short-term creditors : 32390

0,00

6.807,00

12.359,00

6.241,00

5.830,00

III. Short-term amounts owed to group and associated companies: 32400

0,00

IV. Trade creditors and other accounts payable: 32500

633.957,00

664.455,00

506.505,00

459.593,00

554.035,00

1. Suppliers: 32580

279.042,00

529.413,00

372.911,00

354.147,00

407.455,00

a) Long-term debts : 32581

0,00

b) Short-term debts : 32582

279.042,00

529.413,00

372.911,00

354.147,00

407.455,00

2. Other creditors: 32590

354.915,00

135.042,00

133.594,00

105.446,00

146.580,00

V. Short-term accruals : 32600

0,00

VI. Special short-term debts : 32700

0,00

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

4.093.424,00

3.489.008,00

2.503.583,00

2.437.532,00

2.208.717,00

ORIGINAL

Profit and Loss

2016

2015

2014

2013

2012

1. Net turnover: 40100

5.451.535,00

4.573.361,00

4.133.604,00

3.750.271,00

3.928.881,00

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

-255.341,00

-35.809,00

17.708,00

103.437,00

41.817,00

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

0,00

4. Supplies : 40400

-2.742.560,00

-2.839.932,00

-2.465.306,00

-2.189.890,00

-2.352.360,00

5. Other operating income: 40500

18.237,00

18.879,00

18.324,00

17.001,00

17.406,00

6. Personnel costs: 40600

-832.827,00

-816.744,00

-805.112,00

-778.471,00

-751.244,00

7. Other operating costs: 40700

-693.116,00

-620.616,00

-644.439,00

-658.032,00

-666.435,00

8. Amortisation of fixed assets: 40800

-270.620,00

-225.543,00

-195.831,00

-178.152,00

-197.977,00

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

0,00

2.175,00

10. Excess provisions : 41000

0,00

31.934,00

0,00

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

32.645,00

8.500,00

16.938,00

2.000,00

22.855,00

12. Other results : 41300

23.677,00

-4.023,00

35.429,00

574,00

1.553,00

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

731.629,00

90.007,00

111.313,00

68.738,00

46.671,00

13. Financial income : 41400

1.431,00

634,00

334,00

345,00

422,00

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

0,00

b) Other financial income: 41490

1.431,00

634,00

334,00

345,00

422,00

14. Financial expenditure : 41500

-29.322,00

-32.321,00

-58.234,00

-54.133,00

-34.249,00

15. Changes in fair value of financial instruments : 41600

0,00

16. Exchange rate differences: 41700

0,00

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

0,00

18. Other financial income and expenditure: 42100

0,00

a) Incorporation of financial expenditure to assets: 42110

0,00

b) Financial income from arrangement with creditors: 42120

0,00

c) Other income and expenditure: 42130

0,00

B) FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200

-27.890,00

-31.687,00

-57.900,00

-53.788,00

-33.827,00

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

703.739,00

58.320,00

53.413,00

14.950,00

12.845,00

19. Income taxes : 41900

-174.915,00

-17.018,00

-13.566,00

-4.412,00

-3.549,00

D) RESULT OF THE PERIOD ( C + 19 ) : 49500

528.824,00

41.302,00

39.847,00

10.538,00

9.295,00

> 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, 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:

966.543,00

1.011.926,00

931.039,00

903.567,00

899.546,00

I. Formation expenses:

0,00

II. Intangible fixed assets:

4.124,00

123,00

11.601,00

0,00

5.905,00

1. Research and development costs:

0,00

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

0,00

3. Goodwill:

0,00

4. Key money paid for premises:

0,00

5. Software:

0,00

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:

955.689,00

1.005.073,00

912.707,00

896.837,00

886.910,00

1. Land and construction:

0,00

2. Technical installations and machinery:

0,00

3. Other installations, tools and furniture:

0,00

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

0,00

5. Other tangible assets:

0,00

6. Provisions:

0,00

7. Accumulated depreciation:

0,00

IV. Financial investments:

6.730,00

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. Long-term securities portfolio:

5.671,00

6. Other receivables:

0,00

7. Long term guarantees and deposits:

1.059,00

8. Provisions:

0,00

9. Long-term receivables from public bodies:

0,00

V. Own shares:

0,00

VI. Long-term trade receivables:

0,00

C) Deferred expenses:

0,00

D) CURRENT ASSETS:

3.126.881,00

2.477.083,00

1.572.544,00

1.533.965,00

1.309.171,00

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

0,00

II. Stocks:

121.884,00

460.345,00

503.072,00

495.607,00

367.062,00

1. Goods for resale:

0,00

2. Raw materials and other consumables:

75.357,00

284.618,00

311.036,00

306.420,00

226.945,00

3. Goods in process and semifinished ones:

0,00

4. Finished products:

46.526,00

175.726,00

192.036,00

189.187,00

140.118,00

5. Byproducts, scrap and recovered materials:

0,00

6. Payments on account:

0,00

7. Provisions:

0,00

III. Debtors:

628.211,00

909.757,00

946.382,00

905.122,00

797.666,00

1. Trade debtors / accounts receivable:

575.659,00

833.652,00

867.214,00

829.405,00

730.939,00

2. Accounts receivable, Group companies:

0,00

3. Accounts receivable, associated companies:

0,00

4. Other debtors:

417,00

603,00

627,00

600,00

529,00

5. Staff:

0,00

6. Public bodies:

52.136,00

75.501,00

78.541,00

75.117,00

66.199,00

7. Provisions:

0,00

IV. Short-term investments:

465,00

0,00

1.000,00

1. Equity investments in group companies:

465,00

0,00

1.000,00

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:

0,00

7. Shor term guarantees and deposits:

0,00

8. Provisions:

0,00

V. Short-term treasury shares:

0,00

VI. Cash at bank and in hand:

2.373.900,00

1.104.066,00

119.092,00

129.308,00

140.201,00

VII. Prepayments and accrued income:

2.422,00

2.915,00

3.999,00

3.928,00

3.242,00

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

4.093.424,00

3.489.008,00

2.503.583,00

2.437.532,00

2.208.717,00

MERCANTILE REGISTRY.

EQUIVALENCIA

LIABILITIES

2016

2015

2014

2013

2012

A) EQUITY:

1.372.173,00

843.349,00

802.046,00

844.996,00

834.458,00

I. Subscribed capital:

150.250,00

II. Share premium:

0,00

III. Revaluation reserves:

0,00

IV. Reserves:

693.099,00

651.796,00

611.949,00

684.208,00

674.912,00

1. Legal reserve:

63.170,00

59.406,00

55.774,00

62.360,00

61.513,00

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:

629.929,00

592.391,00

556.175,00

621.848,00

613.400,00

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:

528.824,00

41.302,00

39.847,00

10.538,00

9.295,00

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

31.934,00

0,00

1. Provisions for pension fund and other similar obligations:

0,00

31.934,00

0,00

2. Provisions for taxes:

0,00

3. Other provisions:

0,00

4. Reversion fund:

0,00

D) LONG TERM LIABILITIES:

418.367,00

304.594,00

184.679,00

133.582,00

215.107,00

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:

417.842,00

300.811,00

170.832,00

120.000,00

189.713,00

1. Loans and other liabilities:

417.842,00

300.811,00

170.832,00

120.000,00

189.713,00

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:

525,00

3.783,00

13.847,00

13.582,00

25.395,00

1. Long-term bills of exchange payable:

0,00

2. Other creditors:

0,00

6.807,00

3.284,00

9.524,00

3. Long term guarantees and deposits received:

0,00

4. Long term payables to public bodies:

525,00

3.783,00

7.040,00

10.298,00

15.870,00

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:

2.302.884,00

2.341.066,00

1.484.923,00

1.458.955,00

1.159.152,00

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:

1.668.927,00

1.669.803,00

966.059,00

993.120,00

599.288,00

1. Loans and other liabilities:

1.668.927,00

1.669.803,00

966.059,00

993.120,00

599.288,00

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:

0,00

1. Amounts owed to group companies:

0,00

2. Amounts owed to associated companies:

0,00

IV. Trade creditors:

633.957,00

664.455,00

506.505,00

459.593,00

554.035,00

1. Advanced payments from customers:

0,00

2. Amounts owed for purchases of goods or services:

279.042,00

529.413,00

372.911,00

354.147,00

407.455,00

3. Debts represented by notes payable:

354.915,00

135.042,00

133.594,00

105.446,00

146.580,00

V. Other creditors:

0,00

6.807,00

12.359,00

6.241,00

5.830,00

1. Public bodies:

0,00

2. Bills of exchange payable:

0,00

3. Miscellaneous debts:

0,00

6.807,00

12.359,00

6.241,00

5.830,00

4. Wages and salaries payable:

0,00

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):

4.093.424,00

3.489.008,00

2.503.583,00

2.437.532,00

2.208.717,00

MERCANTILE REGISTRY.

EQUIVALENCIA

DEBIT

2016

2015

2014

2013

2012

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

4.966.056,00

4.583.507,00

4.165.551,00

3.861.089,00

3.982.959,00

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

255.341,00

35.809,00

0,00

A.2. Supplies:

2.742.560,00

2.839.932,00

2.465.306,00

2.189.890,00

2.352.360,00

a) Stock consumption:

0,00

b) Consumption of raw materials and miscellaneous consumable ones:

2.742.560,00

2.839.932,00

2.465.306,00

2.189.890,00

2.352.360,00

c) Miscellaneous external expenditure:

0,00

A.3. Staff costs:

832.827,00

816.744,00

805.112,00

778.471,00

751.244,00

a) Wages, salaries et al.:

832.827,00

816.744,00

805.112,00

778.471,00

751.244,00

b) Social security costs:

0,00

A.4. Depreciation expense:

270.620,00

225.543,00

195.831,00

178.152,00

197.977,00

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

0,00

a) Stock provision variation:

0,00

b) Variation in provision and bad debt losses:

0,00

c) Variation of other trade provisions:

0,00

A.6. Other operating charges:

693.116,00

620.616,00

644.439,00

658.032,00

666.435,00

a) External services:

693.116,00

620.616,00

644.439,00

658.032,00

666.435,00

b) Taxes:

0,00

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):

675.308,00

85.530,00

58.947,00

66.165,00

20.087,00

A.7. Financial and similar charges:

29.322,00

32.321,00

58.234,00

54.133,00

34.249,00

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.:

29.322,00

32.321,00

58.234,00

54.133,00

34.249,00

d) Losses from financial investments:

0,00

A.8. Changes in financial investment provisions:

0,00

A.9. Exchange losses:

0,00

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

0,00

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

647.417,00

53.843,00

1.047,00

12.377,00

0,00

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

-32.645,00

-8.500,00

-16.938,00

-2.000,00

-22.855,00

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

0,00

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

0,00

A.13. Extraordinary expenses:

0,00

4.023,00

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):

56.321,00

4.477,00

52.367,00

2.574,00

26.584,00

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

703.739,00

58.320,00

53.413,00

14.950,00

12.845,00

A.15. Corporation tax:

174.915,00

17.018,00

13.566,00

4.412,00

3.549,00

A.16. Miscellaneous taxes:

0,00

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

528.824,00

41.302,00

39.847,00

10.538,00

9.295,00

MERCANTILE REGISTRY.

EQUIVALENCIA

CREDIT

2016

2015

2014

2013

2012

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

5.494.881,00

4.624.809,00

4.205.399,00

3.871.627,00

3.992.254,00

B.1. Net total sales:

5.451.535,00

4.573.361,00

4.133.604,00

3.750.271,00

3.928.881,00

a) Sales:

5.451.535,00

4.573.361,00

4.133.604,00

3.750.271,00

3.928.881,00

b) Rendering of services:

0,00

Returns and Rappel on sales:

0,00

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

0,00

17.708,00

103.437,00

41.817,00

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

0,00

B.4. Miscellaneous operating income:

18.237,00

50.814,00

18.324,00

17.001,00

17.406,00

a) Auxiliary income and other from current management:

18.237,00

18.879,00

18.324,00

17.001,00

17.406,00

b) Grants:

0,00

c) Liabilities and charges provisions surplus:

0,00

31.934,00

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

a) In companies of the group:

0,00

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:

1.431,00

634,00

334,00

345,00

422,00

a) From companies of the group:

0,00

b) From associated companies:

0,00

c) Miscellaneous interests:

1.431,00

634,00

334,00

345,00

422,00

d) Profit on financial investment:

0,00

B.8. Exchange positive differences:

0,00

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

27.890,00

31.687,00

57.900,00

53.788,00

33.827,00

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

0,00

13.739,00

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

2.175,00

B.12. Extraordinary income:

23.677,00

0,00

35.429,00

574,00

1.553,00

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

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

703.739,00

58.320,00

53.413,00

14.950,00

12.845,00

2. Results adjustments.: 61200

298.511,00

225.296,00

285.666,00

231.940,00

231.803,00

a) Fixed Assets Amortization (+).: 61201

270.620,00

225.543,00

195.831,00

178.152,00

197.977,00

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

0,00

-31.934,00

31.934,00

0,00

g) Financial income (-).: 61207

-1.431,00

-634,00

-334,00

-345,00

-422,00

h) Financial Expenses (+). : 61208

29.322,00

32.321,00

58.234,00

54.133,00

34.249,00

3. Changes in current capital equity.: 61300

414.622,00

221.369,00

-15.449,00

-334.540,00

213.455,00

a) Stock (+/-).: 61301

338.461,00

42.728,00

-7.465,00

-128.545,00

-65.715,00

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

281.546,00

36.625,00

-41.260,00

-107.456,00

96.024,00

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

28,00

1.083,00

-71,00

314,00

-248,00

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

-205.413,00

140.933,00

33.346,00

-98.853,00

183.393,00

4. Cash Flows from Other Operating Activities: 61400

-27.890,00

-31.687,00

-57.900,00

-53.788,00

-33.827,00

a) Interest payments (-). : 61401

-29.322,00

-32.321,00

-58.234,00

-54.133,00

-34.249,00

c) Interest collection (+). : 61403

1.431,00

634,00

334,00

345,00

422,00

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

1.388.981,00

473.298,00

265.729,00

-141.439,00

424.276,00

6. Payments for investment (-).: 62100

-4.001,00

-92.365,00

-27.471,00

-9.927,00

-5.721,00

b) Intangible fixed assets. : 62102

-4.001,00

0,00

-11.601,00

0,00

-5.721,00

c) Fixed assets. : 62103

0,00

-92.365,00

-15.870,00

-9.927,00

0,00

7. Divestment payment collection (+). : 62200

49.383,00

11.478,00

0,00

5.905,00

100.434,00

b) Intangible fixed assets. : 62202

0,00

11.478,00

0,00

5.905,00

0,00

c) Fixed assets. : 62203

49.383,00

0,00

100.434,00

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

-225.238,00

-306.431,00

-223.303,00

-182.173,00

-103.263,00

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

0,00

-82.797,00

0,00

-1.632,00

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

0,00

-82.797,00

0,00

e) Grants, donations and bequests received (+). : 63105

0,00

-1.632,00

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

106.090,00

818.107,00

30.154,00

312.718,00

-253.402,00

a) Issuance : 63201

117.031,00

833.724,00

60.474,00

394.244,00

105.974,00

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

117.031,00

833.724,00

50.832,00

393.833,00

90.620,00

5. Other debts (+). : 63206

0,00

9.642,00

411,00

15.354,00

b) Repayment and amortization of : 63207

-10.941,00

-15.617,00

-30.319,00

-81.526,00

-359.376,00

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

-876,00

0,00

-27.062,00

-69.712,00

-351.915,00

5. Other debts (-). : 63212

-10.064,00

-15.617,00

-3.258,00

-11.813,00

-7.461,00

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

0,00

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

106.090,00

818.107,00

-52.643,00

312.718,00

-255.033,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

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

1.269.833,00

984.975,00

-10.216,00

-10.893,00

65.979,00

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

1.104.066,00

119.092,00

129.308,00

140.201,00

74.222,00

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

2.373.900,00

1.104.066,00

119.092,00

129.308,00

140.201,00

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:

0,23 %

0,01 %

0,22 %

0,01 %

8,15 %

10,77 %

Net Financial Debt:

-0,30

1,83

3,13

2,16

-109,72

-15,49

Cash Flow Yield:

0,31 %

0,01 %

0,28 %

0,01 %

9,88 %

7,71 %

EBITDA over Sales:

17,35 %

6,68 %

6,10 %

6,39 %

184,29 %

4,53 %

Profitability

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

17,33 %

4,39 %

2,70 %

3,92 %

541,62 %

12,05 %

Total economic profitability:

17,91 %

4,44 %

2,60 %

3,96 %

589,33 %

12,28 %

Financial profitability:

38,54 %

5,55 %

4,90 %

4,60 %

686,93 %

20,73 %

Margin:

12,94 %

4,45 %

2,05 %

3,94 %

532,11 %

13,07 %

Mark-up:

12,43 %

4,49 %

1,36 %

3,56 %

815,83 %

25,95 %

Solvency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

1,03

0,38

0,47

0,34

118,58

12,46

Acid Test:

1,30

1,19

0,86

1,17

51,57

1,72

Working Capital / Investment:

0,20

0,23

0,04

0,21

416,36

10,07

Solvency:

1,36

1,88

1,06

1,78

28,33

5,68

Indebtedness

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

1,98

0,85

3,14

0,92

-36,78

-6,69

Borrowing Composition:

0,18

0,66

0,13

0,67

39,63

-1,40

Repayment Ability:

2,88

8,98

9,48

9,47

-69,65

-5,15

Warranty:

1,50

2,17

1,32

2,09

14,06

3,73

Generated resources / Total creditors:

0,29

0,10

0,09

191,27

9,42

Efficiency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

2,14

1,30

1,34

1,30

59,18

0,16

Turnover of Collection Rights :

8,71

4,85

5,05

4,74

72,49

2,31

Turnover of Payment Entitlements:

5,02

3,12

5,15

3,16

-2,67

-1,19

Stock rotation:

39,34

4,30

9,86

4,91

298,98

-12,59

Assets turnover:

1,34

0,99

1,32

0,99

1,50

-0,90

Borrowing Cost:

1,08

1,53

1,22

1,77

-11,80

-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:

0,23 %

0,22 %

0,00 %

0,02 %

Net Financial Debt:

-0,30

3,13

4,07

3,04

Cash Flow Yield:

0,31 %

0,28 %

0,00 %

0,03 %

EBITDA over Sales:

17,35 %

6,10 %

6,16 %

6,51 %

5,55 %

Profitability

2016

2015

2014

2013

2012

Operating economic profitability:

17,33 %

2,70 %

3,04 %

2,80 %

2,05 %

Total economic profitability:

17,91 %

2,60 %

4,46 %

2,83 %

2,13 %

Financial profitability:

38,54 %

4,90 %

4,97 %

1,25 %

1,11 %

Margin:

12,94 %

2,05 %

1,83 %

1,81 %

1,14 %

Mark-up:

12,43 %

1,36 %

0,43 %

0,38 %

0,29 %

Solvency

2016

2015

2014

2013

2012

Liquidity:

1,03

0,47

0,08

0,09

0,12

Acid Test:

1,30

0,86

0,72

0,71

0,81

Working Capital / Investment:

0,20

0,04

0,03

0,07

Solvency:

1,36

1,06

1,05

1,13

Indebtedness

2016

2015

2014

2013

2012

Indebtedness level:

1,98

3,14

2,00

1,88

1,65

Borrowing Composition:

0,18

0,13

0,12

0,09

0,19

Repayment Ability:

2,88

9,48

6,55

6,52

6,30

Warranty:

1,50

1,32

1,50

1,53

1,61

Generated resources / Total creditors:

0,29

0,10

0,14

0,12

0,15

Efficiency

2016

2015

2014

2013

2012

Productivity:

2,14

1,34

1,32

1,31

1,29

Turnover of Collection Rights :

8,71

5,05

4,39

4,16

4,95

Turnover of Payment Entitlements:

5,02

5,15

6,17

6,42

5,52

Stock rotation:

39,34

9,86

8,14

7,47

10,70

Assets turnover:

1,34

1,32

1,66

1,55

1,79

Borrowing Cost:

1,08

1,22

3,49

3,40

2,49

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.

Detail of Subsidies appearing in Balances Memories

Entity

CONSEJERIA DE MEDIO AMBIENTE DE LA REGION DE MURCIA

Status

CONCEDIDA

Amount Granted

77.692,65

Entity

CONSEJERIA DE AGRICULTURA, AGUA Y MEDIO AMBIENTE DE LA REGION DE MURCIA

Status

CONCEDIDA

Amount Granted

77.692,65

Notes

Subvención para una planta de evaporación para el tratamiento de las aguas residuales durante el proceso de producción. El importe traspasado a resultados es de 9.323,12 Euros.

Entity

CONSEJERIA DE AGRICULTURA, AGUA Y MEDIO AMBIENTE

Status

CONCEDIDA

Amount Granted

77.692,65

Research Summary

The subject was set up in August 1990; now it has a Shareholder Equity that amounts to Euro 150,250 Processing and preserving of pickles and olives.

Answer to additional question

Elaboration and seasoning of different varieties of olives, whole olives, stuffed olives, etc. Also, pickles, skewered pickled vegetables, spring onions, capers, etc. Packaging of products in cans, glass, buckects or barrels. Its Brand is ''''''''Juanfra'''''''' Its premises cover an area of 5,000 square metres.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 68.08
UK Pound	1	INR 89.59
Euro	1	INR 78.82
Euro	1	INR 78.77

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

INFORMATION DETAILS

Analysis Done by :	PRY

Report Prepared by :	SUJ

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

Branch Offices

Activity

Number of Employees

Chronological Summary

Breakdown of Owners' Equity

Updated Evolution of the Subscribed and Paid-in Capital

Founding Partners

Active Social Bodies

Historical Social Bodies

Executive board

Defaults, Legal Claims and Insolvency Proceedings

Chronological summary

Probability of default

LEGAL CLAIMS

Guarantees

Turnover

Estimated Balance

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

Answer to additional question

Unit