SOCIEDAD FICTICIA SA (VAT No.A00000000)
Spain Full Review
SOCIEDAD FICTICIA SA (VAT No.A00000000)
Scoring Guide
| 1 to 6 | High risk. |
| 7 to 12 | Average risk. |
| 13 to 20 | Low risk. |
Company Identification
| Previous Name: | SOCIEDAD DE DEMOSTRACION SA | |
|---|---|---|
| Previous Address: | CALLECALLE JAPALI 33 MADRID | |
| Trading Address: | CALLECALLE VERSALLES 51 28022 MADRID | |
| Telephone Number: | 91 - 9999999 | |
| Fax Number: | 91 - 8888888 | |
| Web Address: | www.ficticia.com | |
| Number of Employees: | 119 | |
| SIC Code: | 0100 - AGRICULTURA, GANADERIA, CAZA Y ACTIVIDADES DE LOS SERVICIOS | |
| Bankers: | POPULAR OP.MADRID | |
| Auditors: |
| |
| Incorporation Date: | 11/09/1980 | |
| Date of Analysed Accounts: | 31/12/2002 | |
| Issued Capital: | EUR 7843207.96 | |
| Company is: | JOINT STOCK COMPANY | |
| Principal Activities: | 1000000 - Ganaderia Independiente | |
| Export Company: | Yes | |
| Import Company: | Yes |
Credit Decision
| FINANCIAL SITUATION | |
|---|---|
| Treasury: | 9/9 Excellent |
| Balance sheet: | 9/9 Excellent |
| Debt: | 9/9 Nil |
| INCIDENTS | |
| Commitments: | 9/9 Respected |
| Incidents: | 9/9 None or Negligible |
| PREVIOUS EXPERIENCE | |
| Previous experience: | 9/9 Very favourable |
| Comments | |
| The sales of 19,547,919 Euros show a change of (90) % compared with 2001 . Between 2000 and 2001 , this change was 11 % .Added value grew by (35) % compared with the previous year. Shareholders equity are 17,033,448 Euros for an indebtedness of 135,831 Euros .. This result means growth of (100) % compared with the 2001 | |
| Summary | |
| Today's Credit Limit: | EUR 499441.06 |
| Today's Score: | 15/20 |
| The figure stands for the insolvency risk. The grading system ranges from 0 to 20 (from the highest to the lowest credit risk). | |
| Audit Qualification: | FAVOURABLE (2002) |
CCJ's and Legal Proceedings
| Debts to Official Organizations: | No incidents recorded |
|---|---|
| Affected by: | No incidents recorded |
| Legal Actions: | 2 incidents recorded |
| Irrecoverable Credits with Official Organizations: | No incidents recorded |
Detailed Financials
| Profit and Loss Account | |||
|---|---|---|---|
| Date of Accounts | 31/12/2002 | 31/12/2001 | 31/12/2000 |
| No of Months | 12 | 12 | 12 |
| Currency | EUR | ESP | ESP |
| Turnover | 19,547,919 | 198,563,208 | 179,543,958 |
| Operating Profit | - | - | - |
| Pre-Tax Profit | - | - | - |
| Profit after Tax | - | - | - |
| Financial Results | - | - | - |
| Financial Income | 65,894 | 447,868,000 | 171,141,000 |
| Other Operating Income | 65,987 | 111,839,000 | 6,855,909,000 |
| Gains on Exchange | 2,597 | 30,903,000 | 55,296,000 |
| Operating Expenses | 14,569,732 | 30,025,022,000 | 31,421,220,000 |
| Other Operating Costs | 976,699 | 2,083,022,000 | 3,906,000,000 |
| Interest Payable | 6,584 | 54,638,000 | 67,016,000 |
| Exchange Losses | 98,731 | 95,919,000 | 33,049,000 |
| Corporate Taxes | 0 | 52,455,000 | 69,228,000 |
| Other Taxes | 0 | 0 | 0 |
| Variance in Provision for Current Assets | 0 | 25,546,000 | 29,730,000 |
| Variation in Financial Investment Provision | 0 | 17,964,000 | 25,304,000 |
| Extraordinary Charges | 8,537 | 164,926,000 | 86,706,000 |
| Extraordinary Income | 62,314 | 162,795,000 | 43,926,000 |
| Results of Extraordinary Activities | - | - | - |
| Net Result | - | - | - |
| Balance Sheet | |||
| Date of Accounts | 31/12/2002 | 31/12/2001 | 31/12/2000 |
| No of Months | 12 | 12 | 12 |
| Currency | EUR | ESP | ESP |
| Establishment Expenses | 0 | 0 | 0 |
| Intagible Fixed Assets | 0 | 270,065,000 | 190,426,000 |
| Short Term Financial Assets | 17,115,228 | 633,000 | 828,000,000 |
| Financial Assets | 0 | 1,913,206,000 | 1,868,265,000 |
| Tangible Assets | 5,963 | 1,712,402,000 | 3,047,823,000 |
| Net Assets | - | - | - |
| Current Assets | 17,163,316 | 6,219,495,000 | 7,982,682,000 |
| Total Assets | 17,169,279 | 10,115,168,000 | 13,089,196,000 |
| Creditors Amounts Falling Due Within One Year | 135,831 | 7,198,200,000 | 9,829,301,000 |
| Trade Creditors | 0 | 1,178,894,000 | 4,298,293,000 |
| Debtors | 33,975 | 3,876,656,000 | 2,982,682,000 |
| Financial Debts | - | - | - |
| Long Term Trade Liabilities | 0 | 0 | 0 |
| Total Long Term Liabilities | 0 | 0 | 198,340,000 |
| Total Liabilities | 17,169,279 | 10,115,168,000 | 13,089,196,000 |
| Short Term Provisions for Liabilities and Expenses | 0 | 0 | 0 |
| Provisions for Liabilities and Expenses | 0 | 53,628,000 | 56,850,000 |
| Shareholders Funds | 17,033,448 | 2,863,340,000 | 3,004,705,000 |
| Short Term Owners Equity | 0 | 0 | 0 |
| Owners Equity | 0 | 0 | 0 |
| Reserves and Results from Previous Years | - | - | - |
| Deferred Expenses | 0 | 0 | 0 |
| Not Paid in Shareholder Capital | 0 | 0 | 0 |
| Own Shares for Change in Capital | 0 | 0 | 0 |
| Deferred Income | 0 | 0 | 0 |
| Accrual and Deferred Incomes | 0 | 142,658,000 | 0 |
| Stock | 0 | 2,320,196,000 | 2,971,382,000 |
| Cash | 14,113 | 19,976,000 | 1,200,618,000 |
| Prepaid Expenses and Accrued Income | 0 | 2,034,000 | 0 |
| Dividends | 0 | 0 | 0 |
| Other Non Trade Payables | 2,971 | 2,179,950,000 | 1,980,398,000 |
| Account Notes | |||
| Date of Accounts | 31/12/2002 | 31/12/2001 | 31/12/2000 |
| No of Months | 12 | 12 | 12 |
| Currency | EUR | ESP | ESP |
| Employees Remuneration | 4,080,391 | 649,391,000 | 873,000,000 |
| Due from Shareholders for Uncalled Capital | 0 | 0 | 0 |
| Tangible Fixed Assets | 5,963 | 3,895,673,000 | 5,106,514,000 |
| Called Up Share Capital | 0 | 0 | 0 |
| Share Premium Account | - | - | - |
| Depreciation | 3,597 | 277,897,000 | 290,544,000 |
Detailed Ratios
|
This comparison is based upon the results of 46
companies in the industrial sector: 10 - EXTRACCION Y AGLOMERACION DE ANTRACITA, HULLA, LIGNITO Y TURBA10 - EXTRACCION Y AGLOMERACION DE ANTRACITA, HULLA, LIGNITO Y TURBA | |||
| The turnover of the company is 2.45% above the mean of the sector. The company's added value was 20.74% s/ the production value, and 5.51% above the mean of the sector. The company's own resources are 99.21%, 49.75% above the mean of the sector. The company's outside resources are 0.79%, 49.75% below the mean of the sector. | |||
| Ratios Indicating Ability to Pay | |||
|---|---|---|---|
| No accounts filed. | |||
| Sector Comparison - Industry Averages | |||
| Lower | Median | Upper | |
| Payback Capacity | 0.16 | 0.28 | 0.47 |
| Creditor Days | - | - | - |
| Current Liquidity | 0.93 | 1.19 | 1.64 |
| Acid Test | 0.05 | 0.18 | 0.45 |
| Ratios Indicating Payment Profile | |||
| No accounts filed. | |||
| Sector Comparison - Industry Averages | |||
| Lower | Median | Upper | |
| Days Sales Outstanding (DSO) | 34.82 | 66.44 | 95.83 |
| Working Capital | -3.96 | 15.32 | 58.37 |
| Working Capital less Cash | -3.27 | 8.45 | 98.70 |
| Treasury | -1883760 | -591870 | 213540 |
| Ratios Indicating Performance | |||
| No accounts filed. | |||
| Sector Comparison - Industry Averages | |||
| Lower | Median | Upper | |
| Value Added / Labour (Productivity) | 1.30 | 1.62 | 2.56 |
| Loss after Tax / Total Assets (%) (Economic Profitability) | 0.45 | 1.31 | 5.02 |
| Loss after Tax / Shareholders Equity (%) (Financial Profitability) | 1.72 | 6.96 | 11.89 |
| Financial Expenses / Sales (%) | 0.17 | 0.54 | 1.46 |
| Ratios - Turnover | |||
| No accounts filed. | |||
| Sector Comparison - Industry Averages | |||
| Lower | Median | Upper | |
| Sales / Total Assets | 1.21 | 1.83 | 2.68 |
| Ratios - Gearing | |||
| No accounts filed. | |||
| Sector Comparison - Industry Averages | |||
| Lower | Median | Upper | |
| Borrowing Ratio (Total Liabilities / Total Assets) | 40.65 | 71.21 | 83.33 |
| Own / Permanent Funds | 61.07 | 88.12 | 99.10 |
Key Filings
| Date | Description |
| 03/04/2003 | Registration of accountsRegistration of accounts 2002 212124 MADRID |
| 03/04/2003 | Registration of accountsRegistration of accounts 2001 212122 MADRID |
| 02/02/2003 | AppointmentsAppointments 454545 MADRID |
| 03/04/2002 | Registration of accountsRegistration of accounts 2000 212121 MADRID |
| 03/04/2002 | Registration of accountsRegistration of accounts 1999 121212 MADRID |
Ownership
| Shareholders | ||||
|---|---|---|---|---|
| Shareholder Name | CIF Number / Country | % Held | Source | Information Date |
| DEMOSTRACION DEMOSTRACION IVAN | 1006672311 | 50 | F.PROPIAS | 07/11/2001 |
| DEMOSTRACION DEMOSTRACION JOSE | 1006672313 | 25 | F.PROPIAS | 07/11/2001 |
| DEMOSTRACION DEMOSTRACION JUAN | 1006672314 | F.PROPIAS | 07/11/2001 | |
| DEMOSTRACION DEMOSTRACION RUTH | 1006672312 | F.PROPIAS | 07/11/2001 | |
| All immediate subsidiaries | ||||
| Name | CIF Number / Country | % Held | Source | Information Date |
| VIAJES DEMOSTRACION SL | B99999999 | 100 | REG.MERCAN. | 22/01/1998 |
| CATERING DE DEMOSTRACION SL | B00000000 | 30 | REG.MERCAN. | 31/12/1999 |
Directors
| Company Directors | |
|---|---|
| Name: | DEMOSTRACION DEMOSTRACION IVAN |
| Appointment Date: | 02/02/2003 |
| Occupation: | CHAIRMAN |
| Name: | DEMOSTRACION DEMOSTRACION RUTH |
| Appointment Date: | 20/12/1993 |
| Occupation: | GENERAL MANAGER |
| Name: | DEMOSTRACION DEMOSTRACION JUAN |
| Appointment Date: | 01/01/2000 |
| Occupation: | MANAGER |
| Name: | DEMOSTRACION DEMOSTRACION JOSE |
| Appointment Date: | 30/03/1994 |
| Occupation: | ADMINISTRATOR |
| Name: | DEMOSTRACION DEMOSTRACION PEDRO |
| Appointment Date: | 04/12/2003 |
| Occupation: | BOARD MEMBER |
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