|
|
|
MIRA INFORM REPORT
|
Report No. : |
515209 |
|
Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAFETOP INNOVATIVE PROTECTION SL |
|
|
|
|
Registered Office : |
C/ Do Morrazo, 2 - Plgno. Industr. De Ińas- Pa. - Oleiros - 15173 - La
Coruńa |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
15.12.2011 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale distribution of labour protection material. It markets
clothes, footwear, breathing protection, fall arrest material, eye
protection, etc. It operates at the national and international level,
exporting to 8 countries from Europe and North Africa. |
|
|
|
|
No. of Employees : |
20 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SPAIN - ECONOMIC OVERVIEW
After 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: |
SAFETOP INNOVATIVE PROTECTION SL |
|
NIF / Fiscal code: |
B70314661 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
15/12/2011 |
|
Register Data |
Register Section 8 Sheet 48177 |
|
Last Publication
in BORME: |
05/04/2017 [Company Domicile change] |
|
Last Published Account Deposit: |
2016 |
|
Share Capital: |
30.000 |
|
|
|
|
Localization: |
C/ Do Morrazo, 2 - Plgno. Industr. De Ińas- Pa. - Oleiros - 15173 - La
Coruńa |
|
Telephone - Fax - Email - Website: |
Telephone. 981 649 811 Email. info@safetop.net Website.
www.safetop.net |
|
|
|
|
Activity: |
|
|
NACE: |
4663 - Wholesale of mining, construction and civil engineering
machinery |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
Si / |
|
Tenders and Awards: |
|
|
Subsidies: |
0 for a total cost of 0 |
|
Main products / services: |
Distribución de artículos de protección laboral. |
|
Quality Certificate: |
No |
|
|
|
|
Payment Behaviour: |
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) |
|
1 |
0 |
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
0 |
--- |
|
Proceedings heard by the Labour Court |
|
Unpublished |
0 |
--- |
|
Partners: |
|
Shares: |
0 |
|
|
Other Links: |
0 |
|
|
No. of Active Corporate Bodies: |
JOINT MANAGER 2 |
|
|
Ratios |
2016 |
2015 |
Change |
|
|
Guarantees: |
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources NO, Guarantees NO |
|
|
|
|
INVESTIGATION
SUMMARY |
|
|
The subject was set up in December 2011 and is engaged in the wholesale
distribution of individual labour protection equipment. It has a workforce of
20 employees. |
|
Identification
|
|
|
Social
Denomination: |
SAFETOP INNOVATIVE PROTECTION SL |
|
NIF / Fiscal
code: |
B70314661 |
|
Corporate
Status: |
ACTIVE |
|
Start of
activity: |
2011 |
|
Registered
Office: |
C/ DO MORRAZO, 2 - PLGNO. INDUSTR. DE IŃAS- PA. |
|
Locality: |
OLEIROS |
|
Province: |
LA CORUŃA |
|
Postal Code: |
15173 |
|
Telephone: |
981 649 811 |
|
Fax: |
981 649 812 |
|
Website: |
www.safetop.net |
|
Email: |
info@safetop.net |
|
Interviewed
Person: |
Mr Losada |
Activity
|
|
|
NACE: |
4663 |
|
Corporate
Purpose: |
Promotion and sale of personal protection equipment, clothes and accessories
aimed at improving safety conditions at work. |
|
Additional
Information: |
Wholesale distribution of labour protection material. It markets
clothes, footwear, breathing protection, fall arrest material, eye protection,
etc. It operates at the national and international level, exporting to 8
countries from Europe and North Africa. |
|
Additional
Address: |
The Registered Office, offices and storehouses are located at calle Do
Morrazo, 2 Polígono Industrial Ińas, en Oleiros (A Coruńa), where they cover
an area of 2,400 square metres. It has another storehouse located at calle
Daimler, 37-39, Polígono Industrial Espíritu Santo, de Cambre (A Coruńa),
which covers an area of 1,000 square metres. |
|
Franchise: |
No |
|
Import / export: |
DOES NOT IMPORT / DOES NOT EXPORT |
|
Future
Perspective: |
Consolidation |
|
Industry
situation: |
Maturity |
Main
products / services
|
|
Product |
% Over Sales |
|
Distribución de artículos de protección laboral. |
|
Number
of Employees
|
|
Year |
No. of employees |
Established |
Incidentals |
|
2018 |
20 |
|
|
The data of employees is from the latest available financial statements
in axesor. Failing that, are estimates data calculated by statistical methods
Chronological
Summary
|
|||
|
|
Year |
Act |
|
|
|
2011 |
Appointments/ Re-elections (1) Company Formation (1) |
|
|
|
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) Appointments/ Re-elections (1) Change of Social
address (1) Statutory Modifications (1) |
|
Breakdown
of Owners' Equity
|
|
|
Registered
Capital: |
30.000 |
|
Paid up capital: |
30.000 |
Updated
Evolution of the Subscribed and Paid-in Capital
|
|||||
|
Publishing Date |
Registration
Type |
Capital
Subscribed |
Paid up capital |
Underwritten
result |
Disbursed Result |
|
20/12/2011 |
Company Formation |
30.000 |
30.000 |
30.000 |
30.000 |
Active
Social Bodies
|
|
Post published |
Social Body's
Name |
Appointment Date |
Other Positions
in this Company |
|
JOINT MANAGER |
LOSADA IGLESIAS ISMAEL |
20/12/2011 |
1 |
|
|
GARCIA CARBALLAL ENRIQUE MANUEL |
20/12/2011 |
1 |
|
ACCOUNTS' AUDITOR / HOLDER |
ALVAREZ FERNANDEZ JOSE ANGEL |
13/02/2017 |
1 |
Historical
Social Bodies
|
|
Social Body's
Name |
Post published |
End Date |
Other Positions
in this Company |
|
|
| //c\\ |
|
|
Executive
board
|
||
|
|
|
|
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
ENRIQUE MANUEL GARCIA CARBALLAL |
|
ADMINISTRATOR |
|
ISMAEL LOSADA IGLESIAS |
|
DIRECTOR/GENERAL MANAGER |
|
ISMAEL LOSADA IGLESIAS |
Defaults,
Legal Claims and Insolvency Proceedings
|
Section enabling assessment of the degree of compliance of the company queried
with its payment obligations. It provides information on the existence and
nature of all stages of Insolvency and Legal Proceedings published with
reference to the Company in the country's various Official Bulletins and
national newspapers, as well Defaults Registered in the main national credit
bureaus (ASNEF Industrial and RAI ).
> Summary
Chronological
summary
|
|
|
Number of
Publications |
Amount (€) |
Start date |
End date |
|
Insolvency Proceedings, Bankruptcy and Suspension of Payments |
|
Unpublished |
--- |
--- |
--- |
|
Request/Declaration |
|
0 |
--- |
date |
|
|
Proceedings |
|
--- |
--- |
|
--- |
|
Resolution |
|
--- |
--- |
|
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
Bank and Commercial Delinquency |
None |
0 |
|
|
|
Status: Friendly |
|
--- |
|
|
|
|
Status: Pre-Litigation |
|
--- |
|
|
|
|
Status: Litigation |
|
--- |
|
|
|
|
Status: Non-performing |
|
--- |
|
|
|
|
Status: insolvency proceedings, bankruptcy and suspension of payments |
|
--- |
|
|
|
|
Other status |
|
--- |
|
|
|
|
Legal and Administrative Proceedings |
|
1 |
--- |
14/03/2018 |
14/03/2018 |
|
Notices of defaults and enforcement |
|
1 |
--- |
|
--- |
|
Seizures |
|
--- |
--- |
|
--- |
|
Auctions |
|
--- |
--- |
|
--- |
|
Declarations of insolvency and bad debt |
|
--- |
--- |
|
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
--- |
|
|
|
Proceedings heard by the Labour Court |
|
Unpublished |
--- |
|
|
> Details
Probability of default
|
> Estimated Probability of Default for the next 12 months:
0.573 %
|
Sector in which comparison is carried out: 466 Wholesale of other machinery, equipment and supplies |
|
|
Relative Position:
|
The company's comparative analysis with the rest of the companies that
comprise the sector, shows the company holds a better position with regard to
the probability of non-compliance.
The 99.00% of the companies of the sector SAFETOP INNOVATIVE PROTECTION
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 0,573%.
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.
LEGAL CLAIMS
|
|
Summary of Judicial Claims |
|
|
|
|
|
|
|
|
||
|
|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
||
|
|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
1 Incidence the amount of which has not been published |
|
|
|
|
||
|
|
|
Not published |
|
|
|
|
Not published |
|
|
|
|
||
|
|
|
Not published |
|
|
Incidences Detailed |
|
Incidences with the Local Administration |
|
|
|
Last Published Stage: |
EXECUTION NOTIFICATION |
|
Record Number: |
20173515017IA01R000077 |
|
Requested by: |
ADMINISTRACION LOCAL |
|
Published domicile: |
(DESCONOCIDA) |
|
Source: |
B.O.E. Nş68, 2018 SUPLEMENTO 1 PAGINA 4173 |
References
|
|
Average Payment
Collection Term: |
60/90 days |
|
Payment average
term: |
Cash |
Turnover
|
|
|
Total Sales 2016 |
6.517.540,21 |
The sales data is from the latest available financial statements in
axesor. Failing that, are estimates data calculated by statistical methods.
Estimated
Balance
|
|
The subject keeps a stable volume of business. A balanced financial
status can be inferred from the Balance Sheet, as evidenced by the Liquidity
Ratio (1,9/1), the Treasury Ratio (1,4/1) and Total Solvency Ratio (2,7/1) |
Financial
Accounts and Balance Sheets
|
Financial Years
Presented
|
Ejercicio |
Tipo de Cuentas
Anuales |
Fecha
Presentacion |
|
2016 |
Normales |
December 2017 |
|
2015 |
Normales |
August 2016 |
|
2014 |
Normales |
August 2015 |
|
2013 |
Normales |
August 2014 |
|
2012 |
Normales |
August 2013 |
|
2011 |
Normales |
August 2012 |
The data in the
report regarding the last Company Accounts submitted by the company is taken
from the TRADE REGISTER serving the region in which the company's address is
located 31/12/2016
> Balance en formato Abreviado de acuerdo al Nuevo Plan General
Contable 2007
Information
corresponding to the fiscal year
2016 2015 2014 2013 2012 is taken from information
submitted to the TRADE REGISTER. Data corresponding to fiscal years before
2016 2015 2014 2013 2012 has been compiled based on
the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions
of the Act did not establish relevant equivalence criteria, such criteria using
its own methodology. To view details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
A) NON-CURRENT ASSETS: 11000 |
1.454.968,00 |
818.272,00 |
789.267,00 |
414.404,00 |
0,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
1.454.968,00 |
818.272,00 |
789.267,00 |
414.404,00 |
0,00 |
|
|
III. Real estate investment: 11300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Long-term investments in Group companies and
associates : 11400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term financial investments: 11500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Assets for deferred tax : 11600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Non-current trade debtors : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) CURRENT ASSETS: 12000 |
3.173.657,00 |
3.258.246,00 |
3.053.142,00 |
2.485.748,00 |
2.347.942,00 |
|
|
I. Non-current assets held for sale : 12100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Stocks: 12200 |
756.726,00 |
641.444,00 |
599.019,00 |
101.428,00 |
29.356,00 |
|
|
III. Trade debtors and others receivable accounts:
12300 |
1.502.486,00 |
1.576.260,00 |
1.355.520,00 |
1.048.368,00 |
1.041.096,00 |
|
|
1.- Customers for sales and
provisions of services : 12380 |
1.483.936,00 |
1.576.085,00 |
1.355.232,00 |
1.048.281,00 |
1.041.008,00 |
|
|
a)
Long-term receivables from sales and services supplied : 12381 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b)
Customers for sales and provisions of services : 12382 |
1.483.936,00 |
1.576.085,00 |
1.355.232,00 |
1.048.281,00 |
1.041.008,00 |
|
|
2.- Called up share capital
: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other accounts
receivable : 12390 |
18.550,00 |
175,00 |
288,00 |
88,00 |
88,00 |
|
|
IV. Short-term investments in Group companies and
associates: 12400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Short-term financial investments : 12500 |
0,00 |
300.000,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Short-term accruals: 12600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Cash and other equivalent liquid assets :
12700 |
914.444,00 |
740.542,00 |
1.098.603,00 |
1.335.951,00 |
1.277.491,00 |
|
|
TOTAL ASSETS (A + B) : 10000 |
4.628.625,00 |
4.076.517,00 |
3.842.410,00 |
2.900.152,00 |
2.347.942,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities and
Net Worth |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
A) NET WORTH: 20000 |
2.958.643,00 |
2.404.407,00 |
1.852.082,00 |
1.361.166,00 |
788.482,00 |
|
|
A1) Shareholders' equity : 21000 |
2.958.643,00 |
2.404.407,00 |
1.852.082,00 |
1.361.166,00 |
788.482,00 |
|
|
I. Capital: 21100 |
30.000,00 |
30.000,00 |
30.000,00 |
30.000,00 |
30.000,00 |
|
|
1.-
Registered capital: 21110 |
30.000,00 |
30.000,00 |
30.000,00 |
30.000,00 |
30.000,00 |
|
|
2.-
(Uncalled capital) : 21120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Share premium:
21200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Reserves: 21300 |
2.374.407,00 |
1.822.082,00 |
1.331.166,00 |
758.482,00 |
-546,00 |
|
|
1. Capitalisation
Reserves: 21350 |
49.092,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2.
Otras Reservas: 21360 |
2.325.315,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. (Common stock equity):
21400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Profit or loss brought
forward: 21500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Other
shareholders' contributions: 21600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period:
21700 |
554.235,00 |
552.325,00 |
490.916,00 |
572.684,00 |
759.028,00 |
|
|
VIII. (Interim dividend):
21800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IX. Other net worth
instruments: 21900 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-2) Adjustments due to changes in value:
22000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-3) Received subsidies, donations and legacies:
23000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) NON-CURRENT LIABILITIES: 31000 |
16.810,00 |
31.555,00 |
32.060,00 |
0,00 |
0,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Long-term creditors : 31200 |
0,00 |
31.555,00 |
32.060,00 |
0,00 |
0,00 |
|
|
1.- Amounts owed to credit
institutions: 31220 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2.- Creditors from financial
leasing : 31230 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other long-term
creditors : 31290 |
0,00 |
31.555,00 |
32.060,00 |
0,00 |
0,00 |
|
|
III. Long-term debts with Group companies and
associates: 31300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
16.810,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C) CURRENT LIABILITIES : 32000 |
1.653.172,00 |
1.640.555,00 |
1.958.268,00 |
1.538.986,00 |
1.559.461,00 |
|
|
I. Liabilities linked to non-current assets held
for sale : 32100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Short-term creditors : 32300 |
0,00 |
0,00 |
2.000,00 |
0,00 |
0,00 |
|
|
1.- Amounts owed to credit
institutions: 32320 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2.- Creditors from financial
leasing : 32330 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3.- Other short-term
creditors : 32390 |
0,00 |
0,00 |
2.000,00 |
0,00 |
0,00 |
|
|
IV. Short-term debts with Group companies and
associates: 32400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Trade creditors and other accounts payable:
32500 |
1.653.172,00 |
1.640.555,00 |
1.956.268,00 |
1.538.986,00 |
1.559.461,00 |
|
|
1.- Suppliers: 32580 |
1.439.434,00 |
1.219.760,00 |
1.598.051,00 |
1.294.991,00 |
1.195.656,00 |
|
|
a)
Long-term debts : 32581 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b)
Short-term debts : 32582 |
1.439.434,00 |
1.219.760,00 |
1.598.051,00 |
1.294.991,00 |
1.195.656,00 |
|
|
2.- Other creditors :
32590 |
213.738,00 |
420.794,00 |
358.217,00 |
243.995,00 |
363.805,00 |
|
|
VI. Short-term accruals: 32600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000 |
4.628.625,00 |
4.076.517,00 |
3.842.410,00 |
2.900.152,00 |
2.347.942,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit and
Loss |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
1. Net turnover: 40100 |
6.517.540,00 |
6.448.144,00 |
5.483.630,00 |
4.511.951,00 |
4.158.307,00 |
|
|
2. Changes in stocks of finished goods and work
in progress: 40200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Works carried out by the company for its
assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-4.711.057,00 |
-4.647.557,00 |
-3.857.625,00 |
-3.196.526,00 |
-2.885.385,00 |
|
|
5. Other operating income: 40500 |
0,00 |
0,00 |
8.149,00 |
0,00 |
31,00 |
|
|
6. Personnel costs: 40600 |
-437.676,00 |
-434.125,00 |
-395.392,00 |
-229.022,00 |
0,00 |
|
|
7. Other operating costs: 40700 |
-708.950,00 |
-711.003,00 |
-641.660,00 |
-355.527,00 |
-208.607,00 |
|
|
8. Amortisation of fixed assets: 40800 |
-13.530,00 |
-13.458,00 |
-5.494,00 |
0,00 |
0,00 |
|
|
9. Allocation of subsidies of non-financial fixed
assets and other: 40900 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
11. Impairment and result of transfers of fixed
assets: 41100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Negative difference in combined businesses:
41200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
13. Other results : 41300 |
1.171,00 |
5.147,00 |
0,00 |
321,00 |
0,00 |
|
|
A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12
+ 13) : 49100 |
647.497,00 |
647.148,00 |
591.607,00 |
731.198,00 |
1.064.346,00 |
|
|
14. Financial income : 41400 |
2.136,00 |
6.460,00 |
8.960,00 |
13.254,00 |
0,00 |
|
|
a) Allocation of financial
subsidies, donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income:
41490 |
2.136,00 |
6.460,00 |
8.960,00 |
13.254,00 |
0,00 |
|
|
15. Financial expenditure: 41500 |
-42.539,00 |
-56.344,00 |
-77.624,00 |
-7.583,00 |
-5.940,00 |
|
|
16. Changes in fair value of financial
instruments : 41600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
17. Exchange rate differences : 41700 |
115.315,00 |
138.346,00 |
124.510,00 |
59.822,00 |
4.491,00 |
|
|
18. Impairment and result for transfers of
financial instruments: 41800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
19. Other financial income and expenditure:
42100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Incorporation of
financial expenditure to assets: 42110 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Financial income from arrangement
with creditors: 42120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Other income and
expenditure: 42130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B) FINANCIAL REVENUE (14 + 15 + 16 + 17 + 18 + 19) : 49200 |
74.911,00 |
88.462,00 |
55.845,00 |
65.494,00 |
-1.449,00 |
|
|
C) NET RESULT BEFORE TAXES (A + B) : 49300 |
722.408,00 |
735.610,00 |
647.453,00 |
796.692,00 |
1.062.897,00 |
|
|
20. Income taxes: 41900 |
-168.173,00 |
-183.285,00 |
-156.537,00 |
-224.007,00 |
-303.869,00 |
|
|
D) RESULT OF THE PERIOD (C + 20) : 49500 |
554.235,00 |
552.325,00 |
490.916,00 |
572.684,00 |
759.028,00 |
|
CASHFLOW
STATEMENT
|
Model: Normal
> Source of information: Data contained in this section is taken from
the information declared in the Annual Accounts submitted to the Trade
Register.
|
Net Rights
Granted |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
1. Fiscal year result before taxes.: 61100 |
722.408,00 |
735.610,00 |
647.453,00 |
796.692,00 |
1.062.897,00 |
|
|
2. Results adjustments.: 61200 |
53.934,00 |
63.342,00 |
74.159,00 |
-5.671,00 |
5.940,00 |
|
|
a) Fixed Assets Amortization (+).: 61201 |
13.530,00 |
13.458,00 |
5.494,00 |
0,00 |
0,00 |
|
|
g) Financial income (-).: 61207 |
-2.136,00 |
-6.460,00 |
-8.960,00 |
-13.254,00 |
0,00 |
|
|
h) Financial Expenses (+). : 61208 |
42.539,00 |
56.344,00 |
77.624,00 |
7.583,00 |
5.940,00 |
|
|
3. Changes in current capital equity.: 61300 |
102.936,00 |
-1.062.163,00 |
-543.997,00 |
-323.827,00 |
184.594,00 |
|
|
a) Stock (+/-).: 61301 |
-115.282,00 |
-42.425,00 |
-497.591,00 |
-72.072,00 |
-29.356,00 |
|
|
d) Debtors and other accounts receivable (+/-). :
61302 |
73.774,00 |
-220.740,00 |
-307.152,00 |
-7.273,00 |
-1.041.008,00 |
|
|
c) Other current assets (+/-). : 61303 |
300.000,00 |
-300.000,00 |
0,00 |
0,00 |
0,00 |
|
|
d) Creditors and other accounts payable (+/-). :
61304 |
-155.556,00 |
-498.998,00 |
260.745,00 |
-244.482,00 |
1.254.958,00 |
|
|
4. Cash Flows from Other Operating Activities: 61400 |
-40.404,00 |
-49.884,00 |
-68.665,00 |
5.671,00 |
-5.940,00 |
|
|
a) Interest payments (-). : 61401 |
-42.539,00 |
-56.344,00 |
-77.624,00 |
-7.583,00 |
-5.940,00 |
|
|
c) Interest collection (+). : 61403 |
2.136,00 |
6.460,00 |
8.960,00 |
13.254,00 |
0,00 |
|
|
5. Cash Flows from Operating Activities (1 + 2 + 3 + 4) : 61500 |
838.875,00 |
-313.095,00 |
108.950,00 |
472.865,00 |
1.247.491,00 |
|
|
6. Payments for investment (-).: 62100 |
-636.696,00 |
-29.005,00 |
-374.863,00 |
-414.404,00 |
0,00 |
|
|
c) Fixed assets. : 62103 |
-636.696,00 |
-29.005,00 |
-374.863,00 |
-414.404,00 |
0,00 |
|
|
7. Divestment payment collection (+). : 62200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
8. Cash Flow from Investing Activities (6+7) less Amortization:
62300 |
-650.227,00 |
-42.463,00 |
-380.357,00 |
-414.404,00 |
0,00 |
|
|
9. Payment collection and payments for equity instruments. :
63100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
10. Payment collection and payments for financial liabilities
instruments.: 63200 |
-14.745,00 |
-2.504,00 |
34.060,00 |
0,00 |
0,00 |
|
|
a) Issuance : 63201 |
16.810,00 |
0,00 |
34.060,00 |
0,00 |
0,00 |
|
|
5. Other debts (+). : 63206 |
16.810,00 |
0,00 |
34.060,00 |
0,00 |
0,00 |
|
|
b) Repayment and amortization of : 63207 |
-31.555,00 |
-2.504,00 |
0,00 |
0,00 |
0,00 |
|
|
5. Other debts (-). : 63212 |
-31.555,00 |
-2.504,00 |
0,00 |
0,00 |
0,00 |
|
|
11. Payments from dividends and remunerations from other assets
instruments. : 63300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
12. Cash Flows from Financing Activities (9+10+11): 63400 |
-14.745,00 |
-2.504,00 |
34.060,00 |
0,00 |
0,00 |
|
|
D) EFFECT OF EXCHANGE RATE CHANGES: 64000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS
(+/-5+/-8+/12+/-D) : 65000 |
173.903,00 |
-358.062,00 |
-237.348,00 |
58.461,00 |
1.247.491,00 |
|
|
Cash or equivalent assets as of beginning of the
fiscal year.: 65100 |
740.542,00 |
1.098.603,00 |
1.335.951,00 |
1.277.491,00 |
30.000,00 |
|
|
Cash or equivalent assets as of end of the fiscal
year.: 65200 |
914.444,00 |
740.542,00 |
1.098.603,00 |
1.335.951,00 |
1.277.491,00 |
|
FINANCIAL
DIAGNOSIS
|
> Economic-Financial Comparative Analysis
Data used in the following ratios and indicators is taken from the
Annual Accounts submitted by the company to the TRADE REGISTER.
> Comparison within the Sector
|
Cash Flow |
2016 |
2015 |
Variación 2016 -
2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Cash Flow over Sales: |
0,03 % |
0,01 % |
-0,06 % |
0,01 % |
148,05 % |
4,48 % |
|
|
Net Financial Debt: |
-1,39 |
3,19 |
-1,54 |
2,16 |
9,97 |
47,81 |
|
|
Cash Flow Yield: |
0,04 % |
0,00 % |
-0,09 % |
0,01 % |
142,77 % |
-61,58 % |
|
|
EBITDA over Sales: |
10,12 % |
11,01 % |
10,17 % |
6,39 % |
-0,40 % |
72,27 % |
|
|
Profitability |
2016 |
2015 |
Variación 2016 -
2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
13,96 % |
3,88 % |
17,00 % |
3,92 % |
-17,86 % |
-0,99 % |
|
|
Total economic profitability: |
16,53 % |
3,39 % |
19,43 % |
3,96 % |
-14,93 % |
-14,41 % |
|
|
Financial profitability: |
18,73 % |
3,70 % |
22,97 % |
4,60 % |
-18,45 % |
-19,55 % |
|
|
Margin: |
9,92 % |
6,08 % |
9,96 % |
3,94 % |
-0,40 % |
54,41 % |
|
|
Mark-up: |
11,07 % |
7,26 % |
11,33 % |
3,56 % |
-2,31 % |
103,57 % |
|
|
Solvency |
2016 |
2015 |
Variación 2016 -
2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,55 |
0,27 |
0,45 |
0,34 |
22,54 |
-20,23 |
|
|
Acid Test: |
1,46 |
1,07 |
1,60 |
1,17 |
-8,34 |
-8,96 |
|
|
Working Capital / Investment: |
0,33 |
0,12 |
0,40 |
0,21 |
-17,22 |
-41,38 |
|
|
Solvency: |
1,92 |
1,66 |
1,99 |
1,78 |
-3,34 |
-6,49 |
|
|
Indebtedness |
2016 |
2015 |
Variación 2016 -
2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
0,56 |
0,81 |
0,70 |
0,92 |
-18,84 |
-11,13 |
|
|
Borrowing Composition: |
0,01 |
1,13 |
0,02 |
0,67 |
-47,14 |
69,40 |
|
|
Repayment Ability: |
2,53 |
13,96 |
2,55 |
9,47 |
-0,79 |
47,44 |
|
|
Warranty: |
2,77 |
2,24 |
2,44 |
2,09 |
13,69 |
7,07 |
|
|
Generated resources / Total creditors: |
0,34 |
0,07 |
0,34 |
0,09 |
0,48 |
-21,55 |
|
|
Efficiency |
2016 |
2015 |
Variación 2016 -
2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
2,51 |
1,52 |
2,51 |
1,30 |
-0,09 |
17,06 |
|
|
Turnover of Collection Rights : |
4,34 |
4,21 |
4,09 |
4,74 |
6,04 |
-11,05 |
|
|
Turnover of Payment Entitlements: |
3,28 |
2,77 |
3,27 |
3,16 |
0,37 |
-12,18 |
|
|
Stock rotation: |
7,76 |
2,63 |
9,05 |
4,91 |
-14,28 |
-46,44 |
|
|
Assets turnover: |
1,41 |
0,64 |
1,71 |
0,99 |
-17,53 |
-35,88 |
|
|
Borrowing Cost: |
2,55 |
2,30 |
3,37 |
1,77 |
-24,41 |
30,17 |
|
> Trend of indicators under the General Accounting Plan of 2007
(2016, 2015, 2014, 2013, 2012)
|
Cash Flow |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Cash Flow over Sales: |
0,03 % |
-0,06 % |
-0,04 % |
0,01 % |
0,30 % |
|
|
Net Financial Debt: |
-1,39 |
-1,54 |
-1,78 |
-1,83 |
-1,20 |
|
|
Cash Flow Yield: |
0,04 % |
-0,09 % |
-0,06 % |
0,02 % |
0,53 % |
|
|
EBITDA over Sales: |
10,12 % |
10,17 % |
10,89 % |
16,20 % |
25,60 % |
|
|
Profitability |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Operating economic profitability: |
13,96 % |
17,00 % |
15,40 % |
25,20 % |
45,33 % |
|
|
Total economic profitability: |
16,53 % |
19,43 % |
18,87 % |
27,73 % |
45,52 % |
|
|
Financial profitability: |
18,73 % |
22,97 % |
26,51 % |
42,07 % |
96,26 % |
|
|
Margin: |
9,92 % |
9,96 % |
10,77 % |
16,20 % |
25,60 % |
|
|
Mark-up: |
11,07 % |
11,33 % |
11,79 % |
17,65 % |
25,56 % |
|
|
Solvency |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Liquidity: |
0,55 |
0,45 |
0,56 |
0,87 |
0,82 |
|
|
Acid Test: |
1,46 |
1,60 |
1,25 |
1,55 |
1,49 |
|
|
Working Capital / Investment: |
0,33 |
0,40 |
0,28 |
0,33 |
0,34 |
|
|
Solvency: |
1,92 |
1,99 |
1,56 |
1,62 |
1,51 |
|
|
Indebtedness |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Indebtedness level: |
0,56 |
0,70 |
1,07 |
1,13 |
1,98 |
|
|
Borrowing Composition: |
0,01 |
0,02 |
0,02 |
0,00 |
0,00 |
|
|
Repayment Ability: |
2,53 |
2,55 |
3,33 |
2,11 |
1,47 |
|
|
Warranty: |
2,77 |
2,44 |
1,93 |
1,88 |
1,51 |
|
|
Generated resources / Total creditors: |
0,34 |
0,34 |
0,25 |
0,37 |
0,49 |
|
|
Efficiency |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Productivity: |
2,51 |
2,51 |
2,51 |
4,19 |
|
|
|
Turnover of Collection Rights : |
4,34 |
4,09 |
4,05 |
4,30 |
3,99 |
|
|
Turnover of Payment Entitlements: |
3,28 |
3,27 |
2,30 |
2,31 |
1,98 |
|
|
Stock rotation: |
7,76 |
9,05 |
8,18 |
37,28 |
105,39 |
|
|
Assets turnover: |
1,41 |
1,71 |
1,43 |
1,56 |
1,77 |
|
|
Borrowing Cost: |
2,55 |
3,37 |
3,90 |
0,49 |
0,38 |
|
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 |
Public
Tenders and Works Won
|
No Public Tenders assigned to the name of the company.
Research
Summary
|
|
The subject was set up in December 2011 and is engaged in the wholesale
distribution of individual labour protection equipment. It has a workforce of
20 employees. |
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 67.77 |
|
|
1 |
INR 89.95 |
|
Euro |
1 |
INR 78.85 |
|
Euro |
1 |
INR 79.33 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.