|
|
|
MIRA
INFORM REPORT
|
Report No. : |
506509 |
|
Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BACHISALMAX SL |
|
|
|
|
Registered Office : |
C/ Alcala 151 - Madrid - 28009 - Madrid |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
30.11.2006 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Wholesale of clothing and footwear |
|
|
|
|
No. of Employees : |
Not available |
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 : |
Regular |
|
|
|
|
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
Spain |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SPAIN - ECONOMIC OVERVIEW
After 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: |
BACHISALMAX
SL |
|
NIF
/ Fiscal code: |
B84893270 |
|
Status: |
ACTIVE |
|
Incorporation
Date: |
30/11/2006 |
|
Register Data |
Register
Section 8 Sheet 424643 |
|
Last Publication in BORME: |
28/01/2014
[Statutory modifications] |
|
Last
Published Account Deposit: |
2016 |
|
Share
Capital: |
630.000 |
|
|
|
|
Localization: |
C/
ALCALA 151 - MADRID - 28009 - MADRID |
|
Telephone
- Fax - Email - Website: |
Telephone.
914 319 581 Email. admon@salvadorbachiller.com - sb@salvadorbachiller.com
Website. www.salvadorbachiller.com |
|
Number
of Branches |
1 |
|
|
|
|
Activity: |
|
|
NACE: |
4642
- Wholesale of clothing and footwear |
|
Registered
Trademarks: |
|
|
Audited
/ Opinion: |
No |
|
Tenders
and Awards: |
|
|
Subsidies: |
0
for a total cost of 0 |
|
Quality
Certificate: |
No |
|
|
|
|
Payment
Behaviour: |
Regular
|
|
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 |
0 |
--- |
|
Proceedings
heard by the Civil Court |
|
Unpublished |
0 |
--- |
|
Proceedings
heard by the Labour Court |
|
Unpublished |
0 |
--- |
|
|
|
Partners: |
|
|
|
SBMAX
TRADE GROUP SL |
100
% |
|
|
Shares: |
1 |
|
|
Other
Links: |
6 |
|
|
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 |
|
|
Medium-sized
company engaged in the whole trade of leather garments; it is integrated in
the Salvador Bachiller Group which has been operating several years without
any incidences |
|
|
Interviewed
Person: |
|
|
|
|
|
Enquiry Details |
|
|
Business address regime: |
Rent |
|
|
|
|
Identification |
|
|
Social Denomination: |
BACHISALMAX SL |
|
NIF / Fiscal code: |
B84893270 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
2007 |
|
Registered Office: |
C/ ALCALA 151 |
|
Locality: |
MADRID |
|
Province: |
MADRID |
|
Postal Code: |
28009 |
|
Telephone: |
914 319 581 |
|
Fax: |
914 353 899 |
|
Website: |
www.salvadorbachiller.com |
|
Email: |
admon@salvadorbachiller.com
- sb@salvadorbachiller.com |
|
Interviewed Person: |
LAURA |
|
|
|
|
Branch Offices |
|
|
|
|
|
Address |
Postal Code |
City |
Province |
|
AVD. VALDECABAŃAS 32-34 NAVE 9-10 PLIND. OVELAR |
28500 |
ARGANDA DEL REY |
MADRID |
|
|
|
|
|
|
Activity |
|
|
NACE: |
4642 |
|
Corporate Purpose: |
The subject is involved in
the manufacture, distribution and whole and retail sale of all sorts of
leather garments,. |
|
Additional Information: |
Whole trade and
distribution of leather garments. It is integrated in the group
''''''''Salvador Bachiller'''''''' |
|
Additional Address: |
The Registered Office and
central headquarters are located at Alcalá 151 2ş 28009 Madrid, rented. Group
Salvador Bachiller. The warehouse and offices are located at Avd. Valdecabańas
32 28500 Arganda del Rey (Madrid), rented. |
|
Import / export: |
DOES NOT IMPORT / DOES NOT
EXPORT |
|
Future Perspective: |
Product / service
improvement |
|
Industry situation: |
Maturity |
|
|
|
|
Chronological Summary |
|||
|
|
|
|
|
|
|
Year |
Act |
|
|
|
2007 |
Appointments/ Re-elections (1) Company Formation (1) Increase of
Capital (1) Statutory Modifications (1) |
|
|
|
2009 |
Accounts deposit (year 2006, 2007) Appointments/ Re-elections (1)
Cessations/ Resignations/ Reversals (1) Statutory Modifications (1) |
|
|
|
2010 |
Accounts deposit (year 2008, 2009) |
|
|
|
2011 |
Accounts deposit (year 2010) |
|
|
|
2012 |
Accounts deposit (year 2011) |
|
|
|
2013 |
Accounts deposit (year 2012) Appointments/ Re-elections (1) |
|
|
|
2014 |
Accounts deposit (year 2013) Appointments/ Re-elections (1)
Cessations/ Resignations/ Reversals (1) Declaration of Sole Propietorship (1)
Statutory Modifications (1) |
|
|
|
2015 |
Accounts deposit (year 2014) |
|
|
|
2016 |
Accounts deposit (year 2015) |
|
|
|
2017 |
Accounts deposit (year 2016) |
|
|
|
|
|
|
|
Breakdown of Owners' Equity |
|
|
Registered Capital: |
630.000 |
|
Paid up capital: |
630.000 |
|
Shareholders |
|
|
|
|
|
Name |
NIF |
% Shareholding stake |
|
|
|
|
|
Updated Evolution of the Subscribed and Paid-in Capital |
|||||
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
16/01/2007 |
Company Formation |
30.000 |
30.000 |
30.000 |
30.000 |
|
18/12/2007 |
Increase of Capital |
600.000 |
600.000 |
630.000 |
630.000 |
|
|
|
|
|
|
|
|
Active Social Bodies |
|
|
|
|
|
Post published |
Social Body's Name |
Appointment Date |
Other Positions in this Company |
|
SINGLE PARTNER |
SBMAX TRADE GROUP SL |
17/01/2014 |
1 |
|
JOINT MANAGER |
SALVADOR GARCIA RAMON |
17/01/2014 |
3 |
|
|
SALVADOR GARCIA ROSA CARMEN |
17/01/2014 |
3 |
|
PROXY |
SALVADOR BACHILLER RAMON |
12/06/2013 |
1 |
|
|
GARCIA PERTIERRA MARIA ROSA |
12/06/2013 |
1 |
|
|
SALVADOR GARCIA RAMON |
12/06/2013 |
3 |
|
Historical Social Bodies |
|
|
|
|
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
SALVADOR GARCIA RAMON |
JOINT MANAGER |
02/12/2009 |
3 |
|
SALVADOR GARCIA ROSA CARMEN |
SINGLE ADMINISTRATOR |
17/01/2014 |
3 |
|
|
JOINT MANAGER |
02/12/2009 |
|
|
|
|
|
|
|
Executive board |
||
|
|
|
|
|
Post |
NIF |
Name |
|
ADMINISTRATOR |
|
RAMON SALVADOR GARCIA |
|
ADMINISTRATOR |
|
ROSA CARMEN SALVADOR GARCIA |
|
DIRECTOR/GENERAL MANAGER |
|
ROSA CARMEN SALVADOR GARCÍA |
|
FINANCIAL MANAGER |
|
CESAR GONZÁLEZ FERMOSELL |
|
|
|
|
|
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 |
|
0 |
--- |
date |
|
|
Proceedings |
|
--- |
--- |
|
--- |
|
Resolution |
|
--- |
--- |
|
--- |
|
Defaults
on debt with Financial Institutions and Large Companies |
Bank
and Commercial Delinquency |
None |
0 |
|
|
|
Status:
Friendly |
|
--- |
|
|
|
|
Status:
Pre-Litigation |
|
--- |
|
|
|
|
Status:
Litigation |
|
--- |
|
|
|
|
Status:
Non-performing |
|
--- |
|
|
|
|
Status:
insolvency proceedings, bankruptcy and suspension of payments |
|
--- |
|
|
|
|
Other
status |
|
--- |
|
|
|
|
Legal
and Administrative Proceedings |
|
Unpublished |
--- |
|
|
|
Notices
of defaults and enforcement |
|
--- |
--- |
|
--- |
|
Seizures |
|
--- |
--- |
|
--- |
|
Auctions |
|
--- |
--- |
|
--- |
|
Declarations
of insolvency and bad debt |
|
--- |
--- |
|
--- |
|
Proceedings
heard by the Civil Court |
|
Unpublished |
--- |
|
|
|
Proceedings
heard by the Labour Court |
|
Unpublished |
--- |
|
|
Basis for scoring
|
Positive Factors |
Adverse Factors |
|
No judicial claims have been detected in the Official Gazettes,
regarding any Entity's outstanding debts with the Tax Bureau or Social
Security administrations, as submitted by Courts of the various court
jurisdictions. No irregular payment performance has been detected based on
information obtained from credit bureaus. The current debt represents a 5.21of the financial structure. In
principle, a decrease in this ratio would indicate an improvement in the
short-term financial situation. BACHISALMAX SL obtains economic profitability from the necessary
investments in the development of its activity in comparison with its assets. It has financial profitability.. BACHISALMAX SL obtains financial
return as a consequence of an investment in its own resources which, a
priori, might improve its financial and economic situation. |
Immediate solvency is significantly lower than that of the previous
fiscal year. BACHISALMAX SL presents a low turnover of the current assets , which
could indicate an inefficient use of non-current assets due to the lacking of
enough operating income capacity based on the dedicated assets available for
sale. Reduced cash level and other liquid assets equivalent in relation to
the volume of operations held. In principle, a decrease in this ratio would
indicate a worsening in the Company's financial situation. Although it is in a new stage of Consolidationit is part of a group
distinguished by a downturn in the market. |
Probability of default |
> Estimated Probability of Default for the next 12 months: 0.573 %
|
Sector in which comparison is carried out: 464 Wholesale of household goods |
|
|
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 BACHISALMAX 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.
|
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 |
|
IS RELATED WITH: |
6 Entities |
|
PARTICIPATES IN: |
1 Entities |
|
SHAREHOLDERS: |
1 Entities |
> Shareholders
|
Relationship |
Entity |
Province |
Shareholding stake |
|
SHAREHOLDERS |
SBMAX TRADE GROUP SL |
MADRID |
100 |
|
PARTICIPATES IN |
SBMAX TRADE GROUP SL |
MADRID |
100 |
> Other relationships
|
Relationship |
Entity |
Province |
Shareholding stake |
|
IS RELATED WITH |
BACHIMIN SL |
MADRID |
|
|
|
BACHIPIELMIN SL |
MADRID |
|
|
|
SABAPIEL SL |
MADRID |
|
|
|
MOPESARA S.L |
MADRID |
|
|
|
SABAMIN SL |
MADRID |
|
|
|
SALVADOR BACHILLER GROUP
SL |
MADRID |
|
|
|
|
|
|
|
Turnover |
|
|
Total Sales |
2.157.136,93 |
The sales data is from the
latest available financial statements. Failing that, are estimates data
calculated by statistical methods.
|
Financial Accounts and Balance Sheets |
|
|
|
|
|
Ejercicio |
Tipo
de Cuentas Anuales |
Fecha
Presentacion |
|
2016 |
Normales |
August
2017 |
|
2015 |
Normales |
September
2016 |
|
2014 |
Normales |
October
2015 |
|
2013 |
Normales |
September
2014 |
|
2012 |
Normales |
August
2013 |
|
2011 |
Normales |
September
2012 |
|
2010 |
Normales |
September
2011 |
|
2009 |
Normales |
September
2010 |
|
2008 |
Normales |
December
2009 |
|
2007 |
Normales |
December
2009 |
|
2006 |
Normales |
December
2009 |
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. To view
details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Assets |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
A)
NON-CURRENT ASSETS: 11000 |
0,00 |
0,00 |
0,00 |
1.393.571,00 |
1.210.000,00 |
|
|
I. Intangible fixed assets : 11100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Tangible fixed assets : 11200 |
0,00 |
0,00 |
0,00 |
0,00 |
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 |
1.393.571,00 |
1.210.000,00 |
|
|
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 |
4.311.053,00 |
4.256.857,00 |
4.412.553,00 |
2.507.654,00 |
2.602.984,00 |
|
|
I. Stocks : 12200 |
2.316.447,00 |
2.071.407,00 |
1.550.021,00 |
713.757,00 |
569.816,00 |
|
|
II. Trade debtors and others receivable accounts : 12300 |
1.321.763,00 |
1.367.937,00 |
1.666.375,00 |
1.625.803,00 |
1.520.014,00 |
|
|
1. Trade debtors / accounts receivable:
12380 |
1.321.763,00 |
1.357.200,00 |
1.609.693,00 |
1.625.803,00 |
1.520.014,00 |
|
|
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 |
1.321.763,00 |
1.357.200,00 |
1.609.693,00 |
1.625.803,00 |
1.520.014,00 |
|
|
2. Called up share capital: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Other accounts receivable : 12390 |
0,00 |
10.737,00 |
56.682,00 |
0,00 |
0,00 |
|
|
III. Short-term investment in Group companies and associates:
12400 |
669.847,00 |
808.856,00 |
1.195.276,00 |
0,00 |
0,00 |
|
|
IV. Short-term financial investments : 12500 |
0,00 |
0,00 |
0,00 |
40.195,00 |
33.358,00 |
|
|
V. Short-term accruals : 12600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Cash and other equivalent liquid assets : 12700 |
2.996,00 |
8.657,00 |
880,00 |
127.899,00 |
479.796,00 |
|
|
TOTAL
ASSETS (A + B) : 10000 |
4.311.053,00 |
4.256.857,00 |
4.412.553,00 |
3.901.225,00 |
3.812.984,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Liabilities
and Net Worth |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
A)
NET WORTH: 20000 |
4.086.364,00 |
3.982.844,00 |
3.647.162,00 |
3.287.670,00 |
3.030.529,00 |
|
|
A-1)
Shareholders' equity: 21000 |
4.086.364,00 |
3.982.844,00 |
3.647.162,00 |
3.287.670,00 |
3.030.529,00 |
|
|
I. Capital: 21100 |
630.000,00 |
630.000,00 |
630.000,00 |
630.000,00 |
630.000,00 |
|
|
1. Registered capital : 21110 |
630.000,00 |
630.000,00 |
630.000,00 |
630.000,00 |
630.000,00 |
|
|
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 |
593.794,00 |
496.457,00 |
373.540,00 |
327.252,00 |
276.625,00 |
|
|
1. Capitalisation Reserves: 21350 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
2. Otras Reservas: 21360 |
593.794,00 |
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 |
2.759.050,00 |
2.759.050,00 |
2.520.705,00 |
2.284.130,00 |
2.073.276,00 |
|
|
VI. Other shareholders' contributions: 21600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Result of the period: 21700 |
103.520,00 |
97.336,00 |
122.917,00 |
46.288,00 |
50.628,00 |
|
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-2)
Changes in net worth : 22000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
A-3)
Received subsidies, donations and legacies: 23000 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
NON-CURRENT LIABILITIES: 31000 |
0,00 |
0,00 |
238.345,00 |
544.920,00 |
685.774,00 |
|
|
I. Long-term provisions: 31100 |
0,00 |
0,00 |
238.345,00 |
474.920,00 |
685.774,00 |
|
|
II. Long-term creditors : 31200 |
0,00 |
0,00 |
0,00 |
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 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
III. Long-term debts with Group companies and associates:
31300 |
0,00 |
0,00 |
0,00 |
70.000,00 |
0,00 |
|
|
IV. Liabilities for deferred tax: 31400 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Non-current trade creditors : 31600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
C)
CURRENT LIABILITIES : 32000 |
224.689,00 |
274.013,00 |
527.045,00 |
68.635,00 |
96.682,00 |
|
|
I. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
II. Short-term creditors : 32300 |
0,00 |
61.352,00 |
308.839,00 |
-1.138,00 |
-1.535,00 |
|
|
1. Amounts owed to credit institutions:
32320 |
0,00 |
61.352,00 |
362.340,00 |
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 |
-53.501,00 |
-1.138,00 |
-1.535,00 |
|
|
III. Short-term amounts owed to group and associated companies:
32400 |
125.038,00 |
90.531,00 |
0,00 |
0,00 |
0,00 |
|
|
IV. Trade creditors and other accounts payable: 32500 |
99.651,00 |
122.130,00 |
218.206,00 |
69.773,00 |
98.217,00 |
|
|
1. Suppliers: 32580 |
0,00 |
32.420,00 |
18.590,00 |
0,00 |
711,00 |
|
|
a) Long-term debts :
32581 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Short-term debts :
32582 |
0,00 |
32.420,00 |
18.590,00 |
0,00 |
711,00 |
|
|
2. Other creditors: 32590 |
99.651,00 |
89.710,00 |
199.616,00 |
69.773,00 |
97.505,00 |
|
|
V. Short-term accruals : 32600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
VI. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
TOTAL
NET WORTH AND LIABILITIES (A + B + C) : 30000 |
4.311.053,00 |
4.256.857,00 |
4.412.553,00 |
3.901.225,00 |
3.812.984,00 |
|
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
|
Profit
and Loss |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
1. Net turnover: 40100 |
2.157.137,00 |
2.160.156,00 |
2.183.198,00 |
1.876.399,00 |
2.029.212,00 |
|
|
2. Changes in stocks of finished goods and work in progress:
40200 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Works carried out by the company for its assets: 40300 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
4. Supplies : 40400 |
-1.454.854,00 |
-1.478.879,00 |
-1.453.838,00 |
-1.448.280,00 |
-1.824.483,00 |
|
|
5. Other operating income: 40500 |
0,00 |
0,00 |
59,00 |
0,00 |
550,00 |
|
|
6. Personnel costs: 40600 |
-185.404,00 |
-111.878,00 |
-170.517,00 |
-39.841,00 |
-122.943,00 |
|
|
7. Other operating costs: 40700 |
-379.861,00 |
-419.613,00 |
-369.985,00 |
-365.485,00 |
-386.723,00 |
|
|
8. Amortisation of fixed assets: 40800 |
0,00 |
0,00 |
0,00 |
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. Other results : 41300 |
7.812,00 |
-1.270,00 |
0,00 |
0,00 |
339.718,00 |
|
|
A)
OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) :
49100 |
144.830,00 |
148.516,00 |
188.917,00 |
22.794,00 |
35.330,00 |
|
|
13. Financial income : 41400 |
0,00 |
0,00 |
5,00 |
52.633,00 |
42.974,00 |
|
|
a) Allocation of financial subsidies,
donations and legacies: 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Other financial income: 41490 |
0,00 |
0,00 |
5,00 |
52.633,00 |
42.974,00 |
|
|
14. Financial expenditure : 41500 |
-6.803,00 |
-13.327,00 |
-13.325,00 |
-9.301,00 |
-5.979,00 |
|
|
15. Changes in fair value of financial instruments :
41600 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
16. Exchange rate differences: 41700 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
17. Impairment and result for transfers of financial
instruments : 41800 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
18. Other financial income and expenditure: 42100 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
a) Incorporation of financial expenditure
to assets: 42110 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
b) Financial income from arrangement with
creditors: 42120 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
c) Other income and expenditure:
42130 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
|
B)
FINANCIAL REVENUE ( 13 + 14 + 15 + 16 + 17 +18 ) : 49200 |
-6.803,00 |
-13.327,00 |
-13.320,00 |
43.332,00 |
36.995,00 |
|
|
C)
NET RESULT BEFORE TAXES ( A + B ) : 49300 |
138.027,00 |
135.189,00 |
175.596,00 |
66.125,00 |
72.325,00 |
|
|
19. Income taxes : 41900 |
-34.507,00 |
-37.853,00 |
-52.679,00 |
-19.838,00 |
-21.698,00 |
|
|
D)
RESULT OF THE PERIOD ( C + 19 ) : 49500 |
103.520,00 |
97.336,00 |
122.917,00 |
46.288,00 |
50.628,00 |
|
|
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 |
138.027,00 |
135.189,00 |
175.596,00 |
66.125,00 |
72.325,00 |
|
|
2.
Results adjustments.: 61200 |
6.803,00 |
-225.018,00 |
-223.255,00 |
-254.185,00 |
648.779,00 |
|
|
c) Variation in Provision (+/-). : 61203 |
0,00 |
-238.345,00 |
-236.575,00 |
-210.854,00 |
685.774,00 |
|
|
g) Financial income (-).: 61207 |
0,00 |
0,00 |
-5,00 |
-52.633,00 |
-42.974,00 |
|
|
h) Financial Expenses (+). : 61208 |
6.803,00 |
13.327,00 |
13.325,00 |
9.301,00 |
5.979,00 |
|
|
3.
Changes in current capital equity.: 61300 |
-116.842,00 |
29.544,00 |
-1.936.163,00 |
-304.848,00 |
-1.008.483,00 |
|
|
a) Stock (+/-).: 61301 |
-245.039,00 |
-521.386,00 |
-836.264,00 |
-143.941,00 |
263.557,00 |
|
|
d) Debtors and other accounts receivable (+/-). : 61302 |
46.174,00 |
298.439,00 |
-40.572,00 |
-105.789,00 |
-448.046,00 |
|
|
c) Other current assets (+/-). : 61303 |
139.008,00 |
386.420,00 |
-1.155.081,00 |
-6.837,00 |
9.095,00 |
|
|
d) Creditors and other accounts payable (+/-). : 61304 |
-56.985,00 |
-133.929,00 |
95.754,00 |
-48.281,00 |
-833.089,00 |
|
|
4.
Cash Flows from Other Operating Activities: 61400 |
-6.803,00 |
-13.327,00 |
-13.320,00 |
43.332,00 |
36.995,00 |
|
|
a) Interest payments (-). : 61401 |
-6.803,00 |
-13.327,00 |
-13.325,00 |
-9.301,00 |
-5.979,00 |
|
|
c) Interest collection (+). : 61403 |
0,00 |
0,00 |
5,00 |
52.633,00 |
42.974,00 |
|
|
5.
Cash Flows from Operating Activities (1 + 2 + 3 + 4) : 61500 |
21.185,00 |
-73.612,00 |
-1.997.142,00 |
-449.576,00 |
-250.384,00 |
|
|
6.
Payments for investment (-).: 62100 |
0,00 |
0,00 |
0,00 |
-183.571,00 |
-1.210.000,00 |
|
|
a) Companies of the group and affiliates. : 62101 |
0,00 |
0,00 |
0,00 |
-183.571,00 |
-1.210.000,00 |
|
|
7.
Divestment payment collection (+). : 62200 |
0,00 |
0,00 |
1.393.571,00 |
0,00 |
1.595.000,00 |
|
|
a) Companies of the group and affiliates. : 62201 |
0,00 |
0,00 |
1.393.571,00 |
0,00 |
0,00 |
|
|
e) Other financial assets. : 62205 |
0,00 |
0,00 |
0,00 |
0,00 |
1.595.000,00 |
|
|
8.
Cash Flow from Investing Activities (6+7) less Amortization: 62300 |
0,00 |
0,00 |
1.393.571,00 |
-183.571,00 |
385.000,00 |
|
|
9.
Payment collection and payments for equity instruments. : 63100 |
0,00 |
238.345,00 |
236.575,00 |
210.854,00 |
160.969,00 |
|
|
a) Issuance of equity instruments (+). : 63101 |
0,00 |
238.345,00 |
236.575,00 |
210.854,00 |
160.969,00 |
|
|
10.
Payment collection and payments for financial liabilities instruments.:
63200 |
-26.845,00 |
-156.957,00 |
239.977,00 |
70.397,00 |
-1.535,00 |
|
|
a) Issuance : 63201 |
34.507,00 |
144.032,00 |
362.340,00 |
70.397,00 |
0,00 |
|
|
2. Debts incurred with credit institutions (+). : 63203 |
0,00 |
0,00 |
362.340,00 |
0,00 |
0,00 |
|
|
3. Debts incurred with companies of the group and affiliates
(+).: 63204 |
34.507,00 |
90.531,00 |
0,00 |
70.000,00 |
0,00 |
|
|
5. Other debts (+). : 63206 |
0,00 |
53.501,00 |
0,00 |
397,00 |
0,00 |
|
|
b) Repayment and amortization of : 63207 |
-61.352,00 |
-300.989,00 |
-122.363,00 |
0,00 |
-1.535,00 |
|
|
2. Debts incurred with credit institutions (-).: 63209 |
0,00 |
-300.989,00 |
0,00 |
0,00 |
0,00 |
|
|
3. Debts incurred with companies of the group and affiliates
(-). : 63210 |
0,00 |
0,00 |
-70.000,00 |
0,00 |
0,00 |
|
|
5. Other debts (-). : 63212 |
-61.352,00 |
0,00 |
-52.363,00 |
0,00 |
-1.535,00 |
|
|
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 |
-26.845,00 |
81.388,00 |
476.552,00 |
281.251,00 |
159.434,00 |
|
|
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 |
-5.660,00 |
7.776,00 |
-127.019,00 |
-351.897,00 |
294.050,00 |
|
|
Cash or equivalent assets as of beginning of the fiscal year.:
65100 |
8.657,00 |
880,00 |
127.899,00 |
479.796,00 |
185.745,00 |
|
|
Cash or equivalent assets as of end of the fiscal year.:
65200 |
2.996,00 |
8.657,00 |
880,00 |
127.899,00 |
479.796,00 |
|
|
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: |
0,00 % |
0,01 % |
0,00 % |
0,01 % |
|
10,77 % |
|
|
Net
Financial Debt: |
-0,02 |
1,83 |
0,35 |
2,16 |
-106,22 |
-15,49 |
|
|
Cash
Flow Yield: |
0,00 % |
0,01 % |
0,00 % |
0,01 % |
|
7,71 % |
|
|
EBITDA
over Sales: |
6,35 % |
6,68 % |
6,93 % |
6,39 % |
-8,40 % |
4,53 % |
|
|
Profitability |
2016 |
2015 |
Variación 2016 - 2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating
economic profitability: |
3,76 % |
4,39 % |
4,34 % |
3,92 % |
-13,38 % |
12,05 % |
|
|
Total
economic profitability: |
3,36 % |
4,44 % |
3,49 % |
3,96 % |
-3,71 % |
12,28 % |
|
|
Financial
profitability: |
2,53 % |
5,55 % |
2,44 % |
4,60 % |
3,66 % |
20,73 % |
|
|
Margin:
|
6,35 % |
4,45 % |
6,93 % |
3,94 % |
-8,40 % |
13,07 % |
|
|
Mark-up:
|
6,04 % |
4,49 % |
6,32 % |
3,56 % |
-4,44 % |
25,95 % |
|
|
Solvency |
2016 |
2015 |
Variación 2016 - 2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity:
|
0,01 |
0,38 |
0,03 |
0,34 |
-57,79 |
12,46 |
|
|
Acid
Test: |
8,88 |
1,19 |
7,98 |
1,17 |
11,30 |
1,72 |
|
|
Working
Capital / Investment: |
0,95 |
0,23 |
0,94 |
0,21 |
1,31 |
10,07 |
|
|
Solvency:
|
19,19 |
1,88 |
15,54 |
1,78 |
23,50 |
5,68 |
|
|
Indebtedness |
2016 |
2015 |
Variación 2016 - 2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness
level: |
0,05 |
0,85 |
0,07 |
0,92 |
-20,08 |
-6,69 |
|
|
Borrowing
Composition: |
0,00 |
0,66 |
0,00 |
0,67 |
|
-1,40 |
|
|
Repayment
Ability: |
1,64 |
8,98 |
1,83 |
9,47 |
-10,36 |
-5,15 |
|
|
Warranty:
|
19,19 |
2,17 |
15,54 |
2,09 |
23,50 |
3,73 |
|
|
Generated
resources / Total creditors: |
0,46 |
0,10 |
0,36 |
0,09 |
29,70 |
9,42 |
|
|
Efficiency |
2016 |
2015 |
Variación 2016 - 2015 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity:
|
1,74 |
1,30 |
2,34 |
1,30 |
-25,65 |
0,16 |
|
|
Turnover
of Collection Rights : |
1,63 |
4,85 |
1,58 |
4,74 |
3,35 |
2,31 |
|
|
Turnover
of Payment Entitlements: |
18,41 |
3,12 |
15,54 |
3,16 |
18,44 |
-1,19 |
|
|
Stock
rotation: |
0,87 |
4,30 |
0,97 |
4,91 |
-10,14 |
-12,59 |
|
|
Assets
turnover: |
0,59 |
0,99 |
0,63 |
0,99 |
-5,44 |
-0,90 |
|
|
Borrowing
Cost: |
3,03 |
1,53 |
4,86 |
1,77 |
-37,74 |
-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: |
0,00 % |
0,00 % |
-0,06 % |
-0,19 % |
0,14 % |
|
|
Net
Financial Debt: |
-0,02 |
0,35 |
1,63 |
-7,42 |
1,69 |
|
|
Cash
Flow Yield: |
0,00 % |
0,00 % |
-0,03 % |
-0,09 % |
0,08 % |
|
|
EBITDA
over Sales: |
6,35 % |
6,93 % |
8,65 % |
1,21 % |
-15,00 % |
|
|
Profitability |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Operating
economic profitability: |
3,76 % |
4,34 % |
5,87 % |
0,92 % |
-11,85 % |
|
|
Total
economic profitability: |
3,36 % |
3,49 % |
4,28 % |
1,93 % |
2,05 % |
|
|
Financial
profitability: |
2,53 % |
2,44 % |
3,37 % |
1,41 % |
1,67 % |
|
|
Margin:
|
6,35 % |
6,93 % |
8,65 % |
1,21 % |
-15,00 % |
|
|
Mark-up:
|
6,04 % |
6,32 % |
8,04 % |
3,52 % |
-13,17 % |
|
|
Solvency |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Liquidity:
|
0,01 |
0,03 |
0,00 |
1,86 |
4,96 |
|
|
Acid
Test: |
8,88 |
7,98 |
5,43 |
26,14 |
21,03 |
|
|
Working
Capital / Investment: |
0,95 |
0,94 |
0,88 |
0,63 |
0,66 |
|
|
Solvency:
|
19,19 |
15,54 |
8,37 |
36,54 |
26,92 |
|
|
Indebtedness |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Indebtedness
level: |
0,05 |
0,07 |
0,14 |
0,04 |
0,03 |
|
|
Borrowing
Composition: |
0,00 |
0,00 |
0,00 |
1,02 |
0,00 |
|
|
Repayment
Ability: |
1,64 |
1,83 |
2,79 |
6,08 |
-0,32 |
|
|
Warranty:
|
19,19 |
15,54 |
8,37 |
28,14 |
39,44 |
|
|
Generated
resources / Total creditors: |
0,46 |
0,36 |
0,23 |
0,33 |
0,52 |
|
|
Efficiency |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|
Productivity:
|
1,74 |
2,34 |
2,11 |
1,57 |
-1,48 |
|
|
Turnover
of Collection Rights : |
1,63 |
1,58 |
1,31 |
1,15 |
1,34 |
|
|
Turnover
of Payment Entitlements: |
18,41 |
15,54 |
8,36 |
26,00 |
22,51 |
|
|
Stock
rotation: |
0,87 |
0,97 |
1,29 |
2,60 |
4,10 |
|
|
Assets
turnover: |
0,59 |
0,63 |
0,68 |
0,76 |
0,79 |
|
|
Borrowing
Cost: |
3,03 |
4,86 |
2,53 |
6,71 |
6,18 |
|
COMPARATIVE SECTORIAL BALANCE |
Sector-based Comparison under the
rules of the New General Accounting Plan.
|
Net
Rights Granted |
Variación - |
|
|
|
Empresa |
Sector |
|
Net
Rights Granted |
Variación - |
|
|
|
Empresa |
Sector |
|
Net
Rights Granted |
Variación - |
|
|
|
Empresa |
Sector |
|
News |
|
Public Tenders and Works Won |
No Public Tenders assigned to the
name of the company.
|
Research Summary |
|
Medium-sized company engaged in the whole trade of leather garments;
it is integrated in the Salvador Bachiller Group which has been operating
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 66.78 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
|
Euro |
1 |
INR 80.14 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.