3decades

MIRA INFORM REPORT

Report No. :	510553
Report Date :	26.05.2018

IDENTIFICATION DETAILS

Name :	EDIBON INTERNATIONAL S.A

Registered Office :	C/ Agua, 14 - Pol. De San Jose De Valderas. - Leganes - 28918 - Madrid

Country :	Spain

Financials (as on) :	31.12.2016

Date of Incorporation :	10.06.2005

Legal Form :	Public Company

Line of Business :	Subject is engaged in the marketing, design and manufacture of sampling and research gear: turnkey projects and lab equipment in general.

No. of Employees :	31 [2016]

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 :	Satisfactory

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

(30.09.2017)

Current Rating

(31.12.2017)

Spain

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

SPAIN - ECONOMIC OVERVIEW

After 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:

EDIBON INTERNATIONAL S.A

NIF / Fiscal code:

A84306257

Trade Name

EDIBON INTERNATIONAL SA

Status:

ACTIVE

Incorporation Date:

10/06/2005

Last Publication in BORME:

31/03/2015 [Appointments]

Last Published Account Deposit:

2016

Share Capital:

60.200

Localization:

C/ AGUA, 14 - POL. DE SAN JOSE DE VALDERAS. - LEGANES - 28918 - MADRID

Telephone - Fax - Email - Website:

Telephone. 916 199 363 Email. contabilidad@edibon.com Website. www.edibon.com

Activity:

NACE:

4669 - Wholesale of other machinery and equipment

Registered Trademarks:

Audited / Opinion:

Tenders and Awards:

11 for a total cost of 973.020,00

Subsidies:

4 for a total cost of 21135.610000000004

Quality Certificate:

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)

None

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Partners:

ELIAS BONILLA BLAZQUEZ
CESAR ARCADIO BONILLA GARCIA
MIRIAN JUDIT BONILLA GARCIA
Shares:	0
Other Links:	1
No. of Active Corporate Bodies:

Ratios

2016

2015

Change

Nº of employees:

Guarantees:

Properties Registered:

Company NO, Administrator NO

Financing / Guarantee Sources :

Sources YES, Guarantees NO

INVESTIGATION SUMMARY

The subject was incorporated in June 2005 with a Shareholder Equity that amounted to Euro 60,200 Design and manufacture of didactic equipment.

Enquiry Details

Identification

Social Denomination:

EDIBON INTERNATIONAL S.A

Trade Name:

EDIBON INTERNATIONAL SA

NIF / Fiscal code:

A84306257

Corporate Status:

ACTIVE

Start of activity:

10/06/2005

Registered Office:

C/ AGUA, 14 - POL. DE SAN JOSE DE VALDERAS.

Locality:

LEGANES

Province:

MADRID

Postal Code:

28918

Telephone:

916 199 363

Website:

www.edibon.com

Email:

contabilidad@edibon.com

Interviewed Person:

Administration (few details)

Branch Offices

Activity

NACE:

4669

Corporate Purpose:

The subject is engaged in the marketing, design and manufacture of sampling and research gear: turnkey projects and lab equipment in general.

Additional Information:

The subject is engaged in the design and manufacture of high-quality technical education and engineering equipment. Suitable and modern tooling for an effective, easy and fast training.

Additional Address:

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

Franchise:

Import / export:

EXPORTS

Future Perspective:

Consolidation

Industry situation:

Maturity

Number of Employees

Year

No. of employees

Established

Incidentals

2016

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

Chronological Summary

Year

Act

2005

Appointments/ Re-elections (2) Company Formation (1)

2006

Accounts deposit (year 2005)

2007

Accounts deposit (year 2006) Appointments/ Re-elections (1)

2008

Accounts deposit (year 2007) Change of Social address (1) Dividends Payment (1)

2009

Accounts deposit (year 2008)

2010

Accounts deposit (year 2009) Appointments/ Re-elections (1)

2012

Accounts deposit (year 2010, 2011)

2013

Accounts deposit (year 2012)

2014

Accounts deposit (year 2013)

2015

Accounts deposit (year 2014) Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1)

2016

Accounts deposit (year 2015)

2017

Accounts deposit (year 2016)

Breakdown of Owners' Equity

Registered Capital:

60.200

Paid up capital:

60.200

Updated Evolution of the Subscribed and Paid-in Capital

wordml://1090

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

27/06/2005

Company Formation

60.200

15.050

60.200

15.050

25/06/2008

Capital call payment

---

45.150

60.200

Founding Partners

Partner Name	NIF	% Shareholding stake
ELIAS BONILLA BLAZQUEZ
CESAR ARCADIO BONILLA GARCIA
MIRIAM JUDIT BONILLA GARCIA
BEATRIZ GLORIA BONILLA GARCIA

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

PRESIDENT

BONILLA BLAZQUEZ ELIAS

23/03/2015

MEMBER OF THE BOARD

BONILLA BLAZQUEZ ELIAS

23/03/2015

BONILLA GARCIA MIRIAN JUDIT

23/03/2015

BONILLA GARCIA CESAR ARCADIO

23/03/2015

BONILLA GARCIA BEATRIZ GLORIA

23/03/2015

JOINT CHIEF EXECUTIVE OFFICER

BONILLA GARCIA CESAR ARCADIO

23/03/2015

BONILLA GARCIA MIRIAN JUDIT

23/03/2015

PROXY

BONILLA BLAZQUEZ ELIAS

23/03/2015

BONILLA BALZQUEZ ANDREA

04/05/2007

BONILLA BLAZQUEZ ANDREA

10/10/2005

SECRETARY

BONILLA GARCIA MIRIAN JUDIT

23/03/2015

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

BONILLA BLAZQUEZ ELIAS

MEMBER OF THE BOARD

14/06/2010

MEMBER OF THE BOARD

23/03/2015

CHIEF EXECUTIVE OFFICER

14/06/2010

CHIEF EXECUTIVE OFFICER

23/03/2015

PRESIDENT

14/06/2010

PRESIDENT

23/03/2015

BONILLA GARCIA CESAR ARCADIO

MEMBER OF THE BOARD

14/06/2010

MEMBER OF THE BOARD

23/03/2015

BONILLA GARCIA MIRIAN JUDIT

MEMBER OF THE BOARD

14/06/2010

MEMBER OF THE BOARD

23/03/2015

SECRETARY

14/06/2010

SECRETARY

23/03/2015

Executive board

Post

NIF

Name

PRESIDENTE

ELIAS BONILLA BLAZQUEZ

CONSEJERO

CESAR ARCADIO BONILLA GARCIA

CONSEJERO

MIRIAM JUDITH BONILLA GARCIA

CONSEJERO

BEATRIZ GLORIA BONILLA GARCIA

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.

The current debt represents a 13.13of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation.

EDIBON INTERNATIONAL S.A 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.

EDIBON INTERNATIONAL S.A has a tight level of Financial Autonomy. The Internal Funds of the entity represent the 7.33% of the total amount of funding sources.

No Company's subsidiaries or branches are known.

Although it is in a new stage of Consolidationit is part of a group distinguished by a downturn in the market.

TREND OF SCORING

Probability of default

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

> Latest Scoring Changes:

Sector in which comparison is carried out:

466 Wholesale of other machinery, equipment and supplies

wordml://2217

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 95.00% of the companies of the sector EDIBON INTERNATIONAL S.A 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

Link List

IS RELATED WITH:

1 Entities

SHAREHOLDERS:

3 Entities

> Shareholders

Relationship	Entity	Province	Shareholding stake
SHAREHOLDERS	ELIAS BONILLA BLAZQUEZ
	CESAR ARCADIO BONILLA GARCIA
	MIRIAN JUDIT BONILLA GARCIA

> Other relationships

Relationship

Entity

Province

Shareholding stake

IS RELATED WITH

| |

EDIBOB USA LLC (USA)

Turnover

Total Sales 2016

5.652.597,55

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

Estimated Balance

This is a low-level company whose volume of business for the 2016 fiscal year decreased by 25%, although the opearting result was higher than that for the previous year. Both the Liquidity Ratio (2,6/1) and Treasury Ratio (1,8/1) are balanced, whereas the Long-term confidence interval (0,8/1) and Total Solvency Ratio (1,1/1). are very low. Almost total dependency on external equity.

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2016

Normales

August 2017

2015

Normales

September 2016

2014

Normales

September 2015

2013

Normales

September 2014

2012

Normales

September 2013

2011

Normales

September 2012

2010

Normales

January 2012

2009

Normales

August 2010

2008

Normales

December 2009

2007

Normales

September 2008

2006

Normales

November 2007

2005

Normales

June 2006

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

5.477.222,00

5.475.249,00

4.264.328,00

3.065.060,00

599.272,00

I. Intangible fixed assets : 11100

28.555,00

32.914,00

18.645,00

25.013,00

27.559,00

II. Tangible fixed assets : 11200

324.834,00

352.389,00

153.529,00

189.963,00

187.384,00

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

5.123.833,00

5.089.946,00

4.092.153,00

2.850.084,00

384.329,00

VI. Assets for deferred tax : 11600

0,00

VII. Non-current trade debtors : 11700

0,00

B) CURRENT ASSETS: 12000

2.915.684,00

3.290.144,00

2.675.115,00

2.224.284,00

4.551.216,00

I. Stocks : 12200

952.127,00

740.398,00

434.148,00

294.339,00

310.500,00

II. Trade debtors and others receivable accounts : 12300

728.993,00

394.904,00

813.997,00

331.825,00

1.389.809,00

1. Trade debtors / accounts receivable: 12380

522.759,00

48.429,00

336.086,00

13.957,00

870.391,00

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

0,00

b) Customers for sales and provisions of services : 12382

522.759,00

48.429,00

336.086,00

13.957,00

870.391,00

2. Called up share capital: 12370

0,00

3. Other accounts receivable : 12390

206.234,00

346.475,00

477.911,00

317.868,00

519.418,00

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

0,00

IV. Short-term financial investments : 12500

128.172,00

160.074,00

104.112,00

90.929,00

0,00

V. Short-term accruals : 12600

0,00

VI. Cash and other equivalent liquid assets : 12700

1.106.393,00

1.994.768,00

1.322.858,00

1.507.192,00

2.850.907,00

TOTAL ASSETS (A + B) : 10000

8.392.906,00

8.765.393,00

6.939.443,00

5.289.345,00

5.150.487,00

ORIGINAL

Liabilities and Net Worth

2016

2015

2014

2013

2012

A) NET WORTH: 20000

710.495,00

502.299,00

374.681,00

287.502,00

285.531,00

A-1) Shareholders' equity: 21000

615.000,00

388.487,00

247.214,00

142.368,00

122.746,00

I. Capital: 21100

60.200,00

1. Registered capital : 21110

60.200,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

36.790,00

11.440,00

7.790,00

5.900,00

4.374,00

1. Capitalisation Reserves: 21350

10.120,00

0,00

2. Otras Reservas: 21360

26.671,00

0,00

IV. (Common stock equity): 21400

0,00

V. Profit or loss brought forward: 21500

291.497,00

175.575,00

74.378,00

57.372,00

42.908,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

226.513,00

141.273,00

104.846,00

18.896,00

15.264,00

VIII. (Interim dividend): 21800

0,00

A-2) Changes in net worth : 22000

0,00

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

95.495,00

113.812,00

127.466,00

145.134,00

162.784,00

B) NON-CURRENT LIABILITIES: 31000

6.580.443,00

5.299.638,00

5.436.802,00

4.182.470,00

3.406.741,00

I. Long-term provisions: 31100

0,00

II. Long-term creditors : 31200

6.570.405,00

5.295.830,00

5.436.802,00

4.182.470,00

3.406.741,00

1. Amounts owed to credit institutions: 31220

594.268,00

662.482,00

693.180,00

692.717,00

690.960,00

2. Creditors from financial leasing : 31230

0,00

3. Other long-term creditors : 31290

5.976.137,00

4.633.348,00

4.743.622,00

3.489.753,00

2.715.781,00

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

0,00

IV. Liabilities for deferred tax: 31400

10.037,00

3.808,00

0,00

V. Long-term accruals: 31500

0,00

VI. Non-current trade creditors : 31600

0,00

VII. Special long-term debts : 31700

0,00

C) CURRENT LIABILITIES : 32000

1.101.969,00

2.963.457,00

1.127.960,00

819.373,00

1.458.216,00

I. Short-term provisions: 32200

0,00

II. Short-term creditors : 32300

188.392,00

114.417,00

64.885,00

47.900,00

21.852,00

1. Amounts owed to credit institutions: 32320

69.979,00

26.328,00

0,00

2. Creditors from financial leasing : 32330

0,00

15.862,00

3. Other short-term creditors : 32390

118.412,00

88.089,00

64.885,00

47.900,00

5.990,00

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

0,00

IV. Trade creditors and other accounts payable: 32500

913.578,00

2.849.040,00

1.063.075,00

771.472,00

1.436.364,00

1. Suppliers: 32580

410.267,00

875.373,00

684.102,00

481.809,00

953.916,00

a) Long-term debts : 32581

0,00

b) Short-term debts : 32582

410.267,00

875.373,00

684.102,00

481.809,00

953.916,00

2. Other creditors: 32590

503.310,00

1.973.667,00

378.974,00

289.664,00

482.448,00

V. Short-term accruals : 32600

0,00

VI. Special short-term debts : 32700

0,00

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

8.392.906,00

8.765.393,00

6.939.443,00

5.289.345,00

5.150.487,00

ORIGINAL

Profit and Loss

2016

2015

2014

2013

2012

1. Net turnover: 40100

5.652.598,00

7.400.007,00

5.624.614,00

5.693.077,00

6.556.628,00

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

109.442,00

185.465,00

119.996,00

40.608,00

-57.147,00

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

0,00

4. Supplies : 40400

-3.021.769,00

-5.069.778,00

-2.400.780,00

-2.949.283,00

-4.090.789,00

5. Other operating income: 40500

11.567,00

4.731,00

27.059,00

30.440,00

10.587,00

6. Personnel costs: 40600

-1.271.282,00

-1.225.877,00

-1.067.042,00

-949.713,00

-890.868,00

7. Other operating costs: 40700

-1.212.867,00

-1.227.852,00

-2.260.072,00

-1.709.789,00

-1.412.357,00

8. Amortisation of fixed assets: 40800

-46.823,00

-49.425,00

-63.230,00

-75.141,00

-116.406,00

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

18.317,00

13.654,00

17.667,00

17.651,00

17.636,00

10. Excess provisions : 41000

0,00

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

0,00

19,00

0,00

12. Other results : 41300

0,00

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

239.183,00

30.924,00

-1.788,00

97.870,00

17.282,00

13. Financial income : 41400

132.024,00

184.249,00

118.433,00

113.605,00

22.535,00

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

0,00

b) Other financial income: 41490

132.024,00

184.249,00

118.433,00

113.605,00

22.535,00

14. Financial expenditure : 41500

-129.523,00

-108.331,00

-71.994,00

-55.506,00

-20.210,00

15. Changes in fair value of financial instruments : 41600

0,00

16. Exchange rate differences: 41700

19.091,00

62.268,00

72.673,00

-134.360,00

-1.194,00

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

0,00

-6.895,00

2.507,00

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

21.592,00

131.291,00

121.619,00

-76.261,00

1.131,00

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

260.775,00

162.215,00

119.831,00

21.610,00

18.413,00

19. Income taxes : 41900

-34.263,00

-20.942,00

-14.984,00

-2.714,00

-3.149,00

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

226.513,00

141.273,00

104.846,00

18.896,00

15.264,00

> 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. 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:

5.477.222,00

5.475.249,00

4.264.328,00

3.065.060,00

599.272,00

I. Formation expenses:

0,00

II. Intangible fixed assets:

28.555,00

32.914,00

18.645,00

25.013,00

27.559,00

III. Tangible fixed assets:

324.834,00

352.389,00

153.529,00

189.963,00

187.384,00

IV. Financial investments:

5.123.833,00

5.089.946,00

4.092.153,00

2.850.084,00

384.329,00

V. Own shares:

0,00

VI. Long-term trade receivables:

0,00

C) Deferred expenses:

0,00

D) CURRENT ASSETS:

2.915.684,00

3.290.144,00

2.675.115,00

2.224.284,00

4.551.216,00

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

0,00

II. Stocks:

952.127,00

740.398,00

434.148,00

294.339,00

310.500,00

III. Debtors:

728.993,00

394.904,00

813.997,00

331.825,00

1.389.809,00

IV. Short-term investments:

128.172,00

160.074,00

104.112,00

90.929,00

0,00

V. Short-term treasury shares:

0,00

VI. Cash at bank and in hand:

1.106.393,00

1.994.768,00

1.322.858,00

1.507.192,00

2.850.907,00

VII. Prepayments and accrued income:

0,00

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

8.392.906,00

8.765.393,00

6.939.443,00

5.289.345,00

5.150.487,00

MERCANTILE REGISTRY.

EQUIVALENCIA

LIABILITIES

2016

2015

2014

2013

2012

A) EQUITY:

615.000,00

388.487,00

247.214,00

142.368,00

122.746,00

I. Subscribed capital:

60.200,00

II. Share premium:

0,00

III. Revaluation reserves:

0,00

IV. Reserves:

36.790,00

11.440,00

7.790,00

5.900,00

4.374,00

a) Differences for capital adjustment to euros:

0,00

b) Remaining Reserves:

36.790,00

11.440,00

7.790,00

5.900,00

4.374,00

V. Profit or loss brought forward:

291.497,00

175.575,00

74.378,00

57.372,00

42.908,00

VI. Profit or loss for the financial year:

226.513,00

141.273,00

104.846,00

18.896,00

15.264,00

VII. Interim dividend paid:

0,00

VIII. Own shares for capital reduction:

0,00

B) Deferred income:

95.495,00

113.812,00

127.466,00

145.134,00

162.784,00

C) PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

D) LONG TERM LIABILITIES:

6.580.443,00

5.299.638,00

5.436.802,00

4.182.470,00

3.406.741,00

E) SHORT TERM CREDITORS:

1.101.969,00

2.963.457,00

1.127.960,00

819.373,00

1.458.216,00

F) SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

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

8.392.906,00

8.765.393,00

6.939.443,00

5.289.345,00

5.150.487,00

MERCANTILE REGISTRY.

EQUIVALENCIA

DEBIT

2016

2015

2014

2013

2012

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

5.607.084,00

7.523.636,00

5.758.107,00

5.835.896,00

6.592.121,00

A.1. Operating consumption:

2.912.327,00

4.884.313,00

2.280.784,00

2.908.675,00

4.147.936,00

A.2. Staff Costs:

1.271.282,00

1.225.877,00

1.067.042,00

949.713,00

890.868,00

a) Wages, salaries et al.:

948.979,00

915.086,00

796.520,00

708.936,00

665.010,00

b) Social security costs:

322.303,00

310.791,00

270.523,00

240.777,00

225.858,00

A.3. Depreciation expense:

46.823,00

49.425,00

63.230,00

75.141,00

116.406,00

A.4. Variation of trade provisions and losses of unrecovered receivables:

0,00

A.5. Other operating charges:

1.212.867,00

1.227.852,00

2.260.072,00

1.709.789,00

1.412.357,00

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

220.866,00

17.270,00

0,00

80.201,00

0,00

A.6. Financial and similar charges:

129.523,00

115.226,00

71.994,00

55.506,00

20.210,00

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:

129.523,00

108.331,00

71.994,00

55.506,00

20.210,00

d) Losses from financial investments:

0,00

6.895,00

0,00

A.7. Financial investment provision change:

0,00

A.8. Exchange losses:

0,00

134.360,00

1.194,00

A.II. POSITIVE FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8):

21.592,00

131.291,00

121.619,00

0,00

1.131,00

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

242.458,00

148.561,00

102.164,00

3.940,00

777,00

A.9. Changes in provisions for intangible, tangible and securities portfolio:

0,00

A.10. Losses from tangible and intangible fixed assets and portfolio:

0,00

A.11. Losses from transactions with own shares and debentures:

0,00

A.12. Extraordinary expenses:

0,00

A.13. Prior year expenses and losses:

0,00

A.IV. EXTRAORDINARY PROFIT (B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13):

18.317,00

13.654,00

17.667,00

17.670,00

17.636,00

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

260.775,00

162.215,00

119.831,00

21.610,00

18.413,00

A.14. Corporation Tax:

34.263,00

20.942,00

14.984,00

2.714,00

3.149,00

A.15. Miscellaneous taxes:

0,00

A.VI. FINANCIAL YEAR RESULT (PROFIT) (A.V-A.14-A.15):

226.513,00

141.273,00

104.846,00

18.896,00

15.264,00

MERCANTILE REGISTRY.

EQUIVALENCIA

CREDIT

2016

2015

2014

2013

2012

B) INCOME ( B.1 to B.8):

5.833.597,00

7.664.909,00

5.862.953,00

5.854.792,00

6.607.385,00

B.1. Operating income:

5.664.165,00

7.404.737,00

5.651.673,00

5.723.518,00

6.567.214,00

a) Net total sales:

5.652.598,00

7.400.007,00

5.624.614,00

5.693.077,00

6.556.628,00

b) Miscellaneous operating income:

11.567,00

4.731,00

27.059,00

30.440,00

10.587,00

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

0,00

19.455,00

0,00

354,00

B.2. Financial income:

132.024,00

184.249,00

120.940,00

113.605,00

22.535,00

a) Companies of the group:

0,00

b) In associated companies:

0,00

c) Miscellaneous:

132.024,00

184.249,00

118.433,00

113.605,00

22.535,00

d) Profit on financial investment:

0,00

2.507,00

0,00

B.3. Exchange gains:

19.091,00

62.268,00

72.673,00

0,00

B.II. NEGATIVE FINANCIAL RESULTS (A.6+A.7+A.8-B.2-B.3):

0,00

76.261,00

0,00

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

0,00

B.4. Profit on disposal of both tangible and intangible fixed assets and securities portfolio:

0,00

19,00

0,00

B.5. Profit on transactions with own shares and debentures:

0,00

B.6. Capital grants transferred to profit and loss:

18.317,00

13.654,00

17.667,00

17.651,00

17.636,00

B.7. Extraordinary income:

0,00

B.8. Income and profit of former financial years:

0,00

B.IV. NEGATIVE EXTRAORDINARY RESULTS (A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8):

0,00

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

0,00

B.VI. FINANCIAL YEAR RESULTS (LOSSES) (B.V+A.14+A.15):

0,00

MERCANTILE REGISTRY.

CASHFLOW STATEMENT

Model: Normal

Net Rights Granted

2016

2015

2014

2013

2012

1. Fiscal year result before taxes.: 61100

260.775,00

162.215,00

119.831,00

21.610,00

18.413,00

2. Results adjustments.: 61200

44.321,00

-26.493,00

16.791,00

17.042,00

114.081,00

a) Fixed Assets Amortization (+).: 61201

46.823,00

49.425,00

63.230,00

75.141,00

116.406,00

g) Financial income (-).: 61207

-132.024,00

-184.249,00

-118.433,00

-113.605,00

-22.535,00

h) Financial Expenses (+). : 61208

129.523,00

108.331,00

71.994,00

55.506,00

20.210,00

3. Changes in current capital equity.: 61300

-2.483.641,00

1.821.903,00

-358.546,00

315.611,00

740.752,00

a) Stock (+/-).: 61301

-211.729,00

-306.250,00

-139.809,00

16.161,00

-61.136,00

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

-334.089,00

419.093,00

-482.172,00

1.057.984,00

-182.909,00

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

31.902,00

-55.962,00

-13.183,00

-90.929,00

413.843,00

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

-1.969.725,00

1.765.022,00

276.618,00

-667.605,00

570.954,00

4. Cash Flows from Other Operating Activities: 61400

2.501,00

75.918,00

46.439,00

58.099,00

2.325,00

a) Interest payments (-). : 61401

-129.523,00

-108.331,00

-71.994,00

-55.506,00

-20.210,00

c) Interest collection (+). : 61403

132.024,00

184.249,00

118.433,00

113.605,00

22.535,00

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

-2.176.043,00

2.033.543,00

-175.485,00

412.361,00

875.571,00

6. Payments for investment (-).: 62100

-33.887,00

-1.210.921,00

-1.242.069,00

-2.468.335,00

-27.143,00

b) Intangible fixed assets. : 62102

0,00

-14.268,00

0,00

-27.143,00

c) Fixed assets. : 62103

0,00

-198.860,00

0,00

-2.579,00

0,00

e) Other financial assets. : 62105

-33.887,00

-997.793,00

-1.242.069,00

-2.465.756,00

0,00

7. Divestment payment collection (+). : 62200

31.914,00

0,00

42.801,00

2.546,00

283.131,00

b) Intangible fixed assets. : 62202

4.359,00

0,00

6.368,00

2.546,00

0,00

c) Fixed assets. : 62203

27.555,00

0,00

36.434,00

0,00

87.737,00

e) Other financial assets. : 62205

0,00

195.394,00

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

-48.795,00

-1.260.346,00

-1.262.499,00

-2.540.929,00

139.581,00

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

-18.317,00

-13.654,00

-17.667,00

-16.925,00

-17.636,00

a) Issuance of equity instruments (+). : 63101

0,00

726,00

0,00

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

-18.317,00

-13.654,00

-17.667,00

-17.651,00

-17.636,00

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

1.354.780,00

-87.632,00

1.271.316,00

801.778,00

129.873,00

a) Issuance : 63201

1.422.993,00

53.340,00

1.271.317,00

817.639,00

155.027,00

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

43.652,00

26.328,00

463,00

1.757,00

1.752,00

5. Other debts (+). : 63206

1.379.342,00

27.012,00

1.270.853,00

815.882,00

153.275,00

b) Repayment and amortization of : 63207

-68.214,00

-140.972,00

0,00

-15.862,00

-25.154,00

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

-68.214,00

-30.698,00

0,00

-4.228,00

4. Special characteristic debts (-). : 63211

0,00

-15.862,00

-20.926,00

5. Other debts (-). : 63212

0,00

-110.274,00

0,00

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

0,00

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

1.336.463,00

-101.287,00

1.253.649,00

784.853,00

112.237,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

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

-888.376,00

671.910,00

-184.334,00

-1.343.715,00

1.127.390,00

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

1.994.768,00

1.322.858,00

1.507.192,00

2.850.907,00

1.723.517,00

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

1.106.393,00

1.994.768,00

1.322.858,00

1.507.192,00

2.850.907,00

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:

-0,16 %

0,01 %

0,09 %

0,01 %

-273,09 %

10,77 %

Net Financial Debt:

20,64

1,83

48,81

2,16

-57,72

-15,49

Cash Flow Yield:

-0,11 %

0,01 %

0,08 %

0,01 %

-238,08 %

7,71 %

EBITDA over Sales:

4,74 %

6,68 %

0,90 %

6,39 %

425,44 %

4,53 %

Profitability

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

7,62 %

4,39 %

0,88 %

3,92 %

765,67 %

12,05 %

Total economic profitability:

4,65 %

4,44 %

3,09 %

3,96 %

50,67 %

12,28 %

Financial profitability:

36,83 %

5,55 %

36,36 %

4,60 %

1,28 %

20,73 %

Margin:

4,22 %

4,45 %

0,42 %

3,94 %

911,14 %

13,07 %

Mark-up:

4,60 %

4,49 %

2,19 %

3,56 %

110,16 %

25,95 %

Solvency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

1,00

0,38

0,67

0,34

49,16

12,46

Acid Test:

1,78

1,19

0,86

1,17

107,10

1,72

Working Capital / Investment:

0,22

0,23

0,04

0,21

479,83

10,07

Solvency:

2,65

1,88

1,11

1,78

138,32

5,68

Indebtedness

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

10,81

0,85

16,45

0,92

-34,27

-6,69

Borrowing Composition:

5,97

0,66

1,79

0,67

233,92

-1,40

Repayment Ability:

28,70

8,98

123,89

9,47

-76,84

-5,15

Warranty:

1,09

2,17

1,06

2,09

2,99

3,73

Generated resources / Total creditors:

0,04

0,10

0,02

0,09

48,79

9,42

Efficiency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,21

1,30

1,05

1,30

14,81

0,16

Turnover of Collection Rights :

7,77

4,85

18,75

4,74

-58,56

2,31

Turnover of Payment Entitlements:

4,76

3,12

2,28

3,16

108,96

-1,19

Stock rotation:

5,72

4,30

9,98

4,91

-42,70

-12,59

Assets turnover:

1,80

0,99

2,11

0,99

-14,39

-0,90

Borrowing Cost:

1,69

1,53

1,31

1,77

28,60

-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:

-0,16 %

0,09 %

-0,03 %

-0,24 %

0,17 %

Net Financial Debt:

20,64

48,81

93,08

16,94

4,98

Cash Flow Yield:

-0,11 %

0,08 %

-0,03 %

-0,25 %

0,22 %

EBITDA over Sales:

4,74 %

0,90 %

0,78 %

2,73 %

1,77 %

Profitability

2016

2015

2014

2013

2012

Operating economic profitability:

7,62 %

0,88 %

-0,07 %

4,17 %

0,36 %

Total economic profitability:

4,65 %

3,09 %

2,76 %

1,46 %

0,75 %

Financial profitability:

36,83 %

36,36 %

42,41 %

13,27 %

12,44 %

Margin:

4,22 %

0,42 %

-0,03 %

1,71 %

0,26 %

Mark-up:

4,60 %

2,19 %

2,12 %

0,38 %

0,28 %

Solvency

2016

2015

2014

2013

2012

Liquidity:

1,00

0,67

1,17

1,84

1,96

Acid Test:

1,78

0,86

1,99

2,36

2,91

Working Capital / Investment:

0,22

0,04

0,22

0,27

0,60

Solvency:

2,65

1,11

2,37

2,71

3,12

Indebtedness

2016

2015

2014

2013

2012

Indebtedness level:

10,81

16,45

17,52

17,40

17,04

Borrowing Composition:

5,97

1,79

4,82

5,10

2,34

Repayment Ability:

28,70

123,89

149,97

32,20

41,92

Warranty:

1,09

1,06

Generated resources / Total creditors:

0,04

0,02

0,03

0,02

0,03

Efficiency

2016

2015

2014

2013

2012

Productivity:

1,21

1,05

1,04

1,16

1,13

Turnover of Collection Rights :

7,77

18,75

6,94

17,25

4,73

Turnover of Payment Entitlements:

4,76

2,28

4,50

6,09

3,79

Stock rotation:

5,72

9,98

13,06

19,17

21,15

Assets turnover:

1,80

2,11

2,06

2,44

1,38

Borrowing Cost:

1,69

1,31

1,10

1,11

0,42

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

Organisation that calls the tender:

UNIVERSIDAD REY JUAN CARLOS

Objective of Tender:

Suministro e instalación de una tina de queso diseñada específicamente para el área de enseñanza de la tecnología alimentaria en la Universidad Rey Juan Carlos

Date Awarded:

22/02/2018

Cost:

21.828,40 EURO.

Organisation that calls the tender:

DIRECCION PROVINCIAL DE LEON DE LA CONSEJERIA DE EDUCACION DE CASTILLA Y LEON

Objective of Tender:

SUMINISTRO DE LA MAQUINARIA NECESARIA PARA LA IMPLANTACION DE UN NUEVO CICLO FORMATIVO EN EL C I F P TEC NOLOGIC O INDUSTRIAL DE LEON, CORRESPONDIENTE A LA FAMILIA PROFESIONAL DE ENERGIA Y AGUA

Date Awarded:

22/09/2017

Cost:

30.193,00 EURO.

Organisation that calls the tender:

UNIVERSIDAD NACIONAL DE EDUCACION A DISTANCIA UNED

Objective of Tender:

EQUIPO ESTUDIO DE FRICCION LABORATORIO DE CONSTRUCCION

Date Awarded:

20/07/2017

Cost:

2.190,23 EURO.

Organisation that calls the tender:

UNIVERSIDAD NACIONAL DE EDUCACION A DISTANCIA UNED

Objective of Tender:

CONJUNTO DE MASAS

Date Awarded:

20/07/2017

Cost:

1.209,77 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE LEON

Objective of Tender:

«Suministro, entrega e instalación de material didáctico para energía renovables con destino a la Universidad Abdelmalek Essaâdi (Marruecos)» dentro del Proyecto Momate, transferencia de experiencias de la Unión Europea, Modernización de la formación en energías renovables en el Magreb, financiado por la Comisión Europea.

Date Awarded:

10/06/2015

Cost:

78.285,00 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE CADIZ

Objective of Tender:

Suministro con instalación de simuladores eléctricos del Taller de Alta Tensión e Instalaciones Eléctricas

Date Awarded:

28/03/2014

Cost:

270.119,19 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE CADIZ

Objective of Tender:

SUMINISTRO CON INSTALACION DE SIMULADORES ELECTRICOS DEL TALLER DE ALTA TENSION E INSTALACIONES ELECTRICAS DE LA ESCUELA SUPERIOR DE INGENIERIA DE LA UNIVERSIDAD DE CADIZ EN EL CAMPUS DE PUERTO REAL, SUBVENCIONADO POR LA CONSEJERIA DE ECONOMIA, INNOVACION, CIENCIA Y EMPLEO DE LA JUNTA DE ANDALUCIA

Date Awarded:

28/03/2014

Cost:

270.119,19 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE CADIZ

Objective of Tender:

Suministro e instalación de equipamiento para el Laboratorio de Máquinas Eléctricas de la Escuela Superior de Ingeniería de la Universidad de Cádiz ubicada en el Campus de Puerto Real.

Date Awarded:

21/02/2014

Cost:

78.815,61 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE CADIZ

Objective of Tender:

SUMINISTRO E INSTALACION DE EQUIPAMIENTO PARA EL LABORATORIO DE MAQUINAS ELECTRICAS DE LA ESCUELA SUPERIOR DE INGENIERIA DE LA UNIVERSIDAD DE CADIZ UBICADA EN EL CAMPUS DE PUERTO REAL, FINANCIADO POR LA CONSEJERIA DE ECONOMIA, INNOVACION, CIENCIA Y EMPLEO DE LA JUNTA DE ANDALUCIA, DESGLOSADO EN LOS SIGUIENTES LOTES LOTE 1 EQUIPAMIENTO DE LABORATORIO PARA EXPERIENCIAS DE LABORATORIO CON MAQUINAS ELECTRICAS LOTE 2 EQUIPAMIENTO DE LABORATORIO PARA EXPERIENCIAS DE LABORATORIO DE ACCIONAMIENTO ELECTRICOS DE MOTO

Date Awarded:

21/02/2014

Cost:

78.815,61 EURO.

Organisation that calls the tender:

CONSEJERIA DE EDUCACION DE LA COMUNIDAD AUTONOMA DE CANTABRIA

Objective of Tender:

Equipamiento para el primer curso del ciclo formativo grado medio de planta química en I. E. S. Manuel Gutiérrez Aragón de Torrelavega.

Date Awarded:

15/07/2011

Cost:

133.900,00 EURO.

Organisation that calls the tender:

CONSEJERIA DE EDUCACION UNIVERSIDADES CULTURA Y DEPORTES DE LA COMUNIDAD AUTONOMA DE CANARIAS

Objective of Tender:

Suministros, entrega e instalación de "Equipamiento diverso para Ciclos Formativos".

Date Awarded:

30/12/2009

Cost:

7.544,00 EURO.

Detail of Subsidies appearing in Balances Memories

Entity

TESORERIA GENERAL DE LA SEGURIDAD SOCIAL

Status

CONCEDIDA

Amount Granted

1.949,81

Notes

Subvenciones imputadas en la cuenta de pérdidas y ganancias incluidas las subvenciones de explotación incorporadas al resultado del ejercicio.

Entity

COMUNIDAD DE MADRID

Status

CONCEDIDA

Amount Granted

16.000,00

Entity

TESORERIA GENERAL DE LA SEGURIDAD SOCIAL

Status

CONCEDIDA

Amount Granted

2.156,90

Entity

TESORERIA GENERAL DE LA SEGURIDAD SOCIAL

Status

CONCEDIDA

Amount Granted

1.028,90

Research Summary

The subject was incorporated in June 2005 with a Shareholder Equity that amounted to Euro 60,200 Design and manufacture of didactic equipment.

Answer to additional question

It is mainly engaged in the marketing of didactic equipment made by Edibon SA. Family business engaged in the design and manufacture of supplies for engineering labs, aimed at Higher Technical Education. The subject undertakes works and sales its products to the ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Ministry'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' of Higher Education, Ministry of Education, Ministry of Labour, and Ministry of Defence. Turnkey projects aimed the industrial engineering sector.

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 68.26
UK Pound	1	INR 91.21
Euro	1	INR 79.88
Euro	1	INR 78.95

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

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	DNS

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

TREND OF SCORING

Result of query submitted to the R.A.I. (Spanish Bad Debt Register) on

Guarantees

Link List

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

Sources

Unit