EXAMPLE S.A.
EXAMPLEΑ.Ε.Ε. (Greek Company Name)
131 Example Street
00000, Aigaleo, Attiki
Tel.: 0000000000
Fax: 0000000000
E-mail:
Sector / : / Trade (Transportation Means)
Year Established / : / 1987
Chairman, CEO / : / D… M…. K…
Capital / : / Euro 1.055.215
Owners Equity / : / Euro 258.498(31/12/2009)
Net Sales / : / Euro 2.447.993(1/1/2009 - 31/12/2009)
Net Income for the Year Before Tax / : / Euro 82.732(1/1/2009 - 31/12/2009)
Staff of employees / : / 16
FINANCIAL STATUS : Below average
PAYMENT RECORD : Prompt
TREND : Stable
Scoring Score / : / C (9/5/2011)
GOV. GAZETTE No:00000/0000 TAX REGISTR. No: 000000000
No OF THE REGISTER OF SOCIETE ANONYME:00000 /000 /X /00 /000
LEGAL FORM: Societe Anonyme
DATE ESTABLISHED: 1987
HEAD OFFICE: A..., A...
DURATION: Up to year 2047
HISTORY:
On 24/04/2003 (Gov. Gaz. No. 00000/0000) a change of subject's
head office was published. On 18/10/2006 (Gov. Gaz. No.
00000/0000) the company's name was changed.
SUPPLEMENTARY DATA ON THE ABOVEMENTIONED EVENTS PUBLISHED IN THE
GOV.GAZ.: Prior to the change that was published in the
Gov.Gaz.No.:00000/00 subject's name was H...R... SA.
Established in Athens, on 18.06.1987. In 1988 subject undertook
the activities of the affiliated firm K... R... H... & CO
E.E.
ACTIVITY:
Exclusive imports and wholesale trade of car spare parts and
chemicals
ACTIVITY NACE (Main) :
NACE 1: / 5030 / Sale of motor vehicle parts and accessories
NACE 2: / 4531 / Wholesale trade of motor vehicle parts and accessories
PRODUCTS/SERVICES: [EM=Exports manufacturing ET=Exports
commerce EY=Exports services F=Facon FT=On third party facilities
A=Representation D=Local agent I=Import]
COMMERCIAL :
Chemicals, vehicle [I]
Electric material, vehicle [I]
Vehicle spare parts [ET,I,A]
REPRESENTED FIRMS:
(A) : Agent, (E) : Exclusive importer
Comline (United Kingdom) (E)
TRADE MARKS:
P... 2000
IMPORTS:
Imports from United Kingdom, Spain, Belgium, China, Japan.
Import percentage: 95%
IMPORT TERMS:
C...
Promissory letter 90 days
Bill of exchange
EXPORTS:
Exports to Poland.
Export sales percentage: 2%
EXPORT TERMS:
Open credit 60 days
CUSTOMERS:
Subject supplies customers all over Greece (mainly retail stores
and wholesalers).
PREMISES (as declared ):
On 27/03/2003 subject's head office was changed. Previous address
1 Example Street, 104-35 Athens, Attiki
PREMISES (as declared ):
HEAD OFFICE-WAREHOUSE: 131 Example Street, 122-41
Aigaleo, Attiki, rented.
BRANCHES: 7 Aliakmonos, 546-27 Thessaloniki, rented.
STAFF:
Employees : 16 persons
Staff's evolution annually:
20 (2010), 20 (2009)
SHAREHOLDERS(as declared):
by 70.00% D... M... K...
by 25.20% COMLINE TRADING LIMITED
(Code No: 0000000)
HEAD OFFICE: United Kingdom
by 4.80% A... G... K... (born in 1952)
BOARD OF DIRECTORS:
D... M... K... Chairman, CEO
A... K... Member
I... K... Member
N... P... Member
The above mentioned Board of Directors' structure is in effect
since 2011 and has not been published in the Gov. Gaz. yet.
FINANCIAL DATA:
Share capital amounts to Euro 1,055,215 divided into 357,700
shares at EURO 2.95 each.
SALES
Sales (as declared) : Euro 2,000,000 (2010)
BUSINESS TRANSACTION INDEX
Subject
2011 2010 2009 2008 2007
------
Group 1: 5*(5.00) 5*(5.00) 5*(5.00) 5*(5.00) 5*(5.00)
Group 2: 5*(5.00) 5*(5.00) 5*(5.00) 5*(5.00) 5*(5.00)
Group 3: 5*(5.00) 5*(5.00) 5*(5.00) 5*(5.00) 5*(5.00)
Total : 5*(5.00) 5*(5.00) 5*(5.00) 5*(5.00) 5*(5.00)
Final Result: 5Stars (5.00)
Index: 5*, 4*, 3*, 2*, 1*, NA (Not applicable)
FINANCIAL COMMENTS:
An important remark noted by the Certified Auditors in 2008
B/S,is that the company is necessary to increase its share
capital,following the decrease in its net property.
Remarks are noted by the certified auditors on subject's 2009
balance sheet.
CLASSIFICATION WITHIN PARTICULAR SECTOR
Subject, among 1.022 sample of companies of its sector Trade (Transportation Means), was ranked as follows, based in 2009 B/S details :
-Fixed Assets / 675
-Total Fixed Assets / 415
-Equity Capital / 669
-Total Income / 416
-Net Income for the Year Before Tax / 234
COMMENTS :
Subject is a long established trading firm.
CREDIT APPRAISAL
We recommend a maximum credit limit of Euro 110,000
BANKS:
N... B... of G... S.A.
K... Branch (tel.:00-00000000)
(Loans-Imports/Exports)
Citibank International Plc
S... Branch (tel.:00-00000000)
CREDIT SCORING
The following table shows the company's Credit Scoring evolution.
2011 / 2010 / 2009 / 2008 / 2007
SCORING / C (9/5/2011) / - / - / - / B
SCORING: AA, A, BB, B, C, D, E, F, G, H, NT(NOT TRADING), NR(NOT RATED), NC(NOT CALCULABLE)
SECTOR CREDIT SCORING
The following table shows Credit Scoring evolution for the sector's S.A. & L.T.D. companies.
2010 / 2009 / 2008 / 2007 / 2006
Sector / C / C / C / C / C
Total Number Of Companies / 983 / 1.085 / 1.146 / 1.095 / 1.060
SHORT FINANCIAL STATEMENT (Figures in Euro)
ASSETS
ACCOUNTS / 31/12/2009 / CHANGE 09/08 (%) / 31/12/2008 / CHANGE 08/07 (%) / 31/12/2007
Fixed Assets / 140.844 / 4,76 / 134.443 / 1,86 / 131.981
Buildings / Means of Transport / Furniture and Other Equipment / 372.846 / 8,70 / 342.998 / -4,27 / 358.311
Intangible Assets and Establishment Expenses / 39.205 / 1,68 / 38.555 / 0 / 38.555
Accumulated Depreciation / 285.974 / 10,04 / 259.877 / -6,40 / 277.653
Depreciation of Buildings / Furniture / Means of Transport / 247.200 / 11,67 / 221.368 / -7,57 / 239.505
Depreciation of Intangible Assets and Establishment Expenses / 38.774 / 0,69 / 38.508 / 0,94 / 38.148
Long Term Receivables / 14.767 / 15,66 / 12.767 / 0 / 12.767
Inventories / 807.229 / -10,43 / 901.211 / 14,92 / 784.188
Finished Products / Merchandise / 807.229 / -10,43 / 901.211 / 14,92 / 784.188
Receivables / Transit balances / 1.274.253 / 4,46 / 1.219.842 / -2,88 / 1.256.061
Receivables from Customers / Bills and Cheques / 1.109.458 / -1,32 / 1.124.308 / -2,03 / 1.147.650
Other Receivables / Transit Debit Balances / 164.795 / 72,50 / 95.535 / -11,88 / 108.411
Cash and Deposits / 107.316 / -13,05 / 123.428 / 31,37 / 93.957
Total Assets / 2.329.641 / -2,07 / 2.378.925 / 4,97 / 2.266.187
LIABILITIES
ACCOUNTS / 31/12/2009 / CHANGE 09/08 (%) / 31/12/2008 / CHANGE 08/07 (%) / 31/12/2007
Owners Equity / 258.498 / 31,16 / 197.080 / 5,43 / 186.924
Share Capital / 1.055.215 / 0 / 1.055.215 / 0 / 1.055.215
Reserves / 12.590 / 0 / 12.590 / 0 / 12.590
Retained Earnings / Losses / -809.307 / 7,05 / -870.725 / 1,15 / -880.881
Long Term Liabilities and Provisions / 18 / -99,24 / 2.360 / 1.045,63 / 206
Provisions / 18 / -99,24 / 2.360 / 1.045,63 / 206
Current Liabilities / Transit Balances / 2.071.125 / -4,97 / 2.179.485 / 4,83 / 2.079.057
Short Term Bank Debt / 1.080.048 / -7,97 / 1.173.614 / -7,42 / 1.267.630
Suppliers / Bills Notes Payable and Cheques / Creditors / 881.223 / -6,28 / 940.331 / 25,11 / 751.614
Other Liabilities / Transit Credit Balances / 109.854 / 67,61 / 65.541 / 9,58 / 59.813
Total Liabilities and Net Worth / 2.329.641 / -2,07 / 2.378.925 / 4,97 / 2.266.187
PROFIT AND LOSS ACCOUNT
ACCOUNTS / 1/1/2009 - 31/12/2009 / CHANGE 09/08 (%) / 1/1/2008 - 31/12/2008 / CHANGE 08/07 (%) / 1/1/2007 - 31/12/2007
Net Sales / 2.447.993 / 4,76 / 2.336.808 / -1,18 / 2.364.802
Cost of Net Sales / 1.449.795 / 2,01 / 1.421.258 / -1,16 / 1.438.023
Gross Margin / 998.198 / 9,03 / 915.550 / -1,21 / 926.780
Commission and Other Operating Income / 3.302 / -50,54 / 6.676 / 117,60 / 3.068
Interest Expenses / 73.511 / -34,88 / 112.882 / 1,53 / 111.181
Other Operating Expenses / 857.156 / 8,50 / 789.973 / 2,65 / 769.562
Operating Results after Interest Expenses / 70.833 / 265,65 / 19.372 / -60,55 / 49.105
Non Operating Income / 26.693 / 210,49 / 8.597 / 85,36 / 4.638
Non Operating Expenses / 14.794 / 31,13 / 11.282 / 107,85 / 5.428
Total Depreciation / 26.097 / 2.102,28 / 1.185 / -86,34 / 8.672
Depreciation Included in the Operation Cost / 26.097 / 2.102,28 / 1.185 / -86,34 / 8.672
Net Income for the Year Before Tax / 82.732 / 395,79 / 16.687 / -65,46 / 48.316
Income Tax / 21.315 / 226,37 / 6.531 / N/A
Profit / (Loss) Before Tax, Financing and Investing Results and Depreciation-Amortisation (EBITDA) / 170.433 / 27,75 / 133.407 / -21,01 / 168.896
COMPANY RATIOS
PROFITABILITY RATIOS
RATIOS / 31/12/2009 / CHANGE 09/08 (%) / 31/12/2008 / CHANGE 08/07 (%) / 31/12/2007
Return on Equity (Before Income Tax) (%) / 36,32 / 317,95% / 8,69 / -70,72% / 29,68
Return on Equity (Before Interest and Income Tax) (%) / 68,59 / 1,64% / 67,48 / -31,14% / 97,99
Return on Capital Employed (Before Interest and Income Tax) (%) / 6,64 / 19,00% / 5,58 / -23,98% / 7,34
Gross Profit Margin (%) / 40,78 / 4,08% / 39,18 / -0,02% / 39,19
Operating Profitability (%) / 5,90 / 4,24% / 5,66 / -16,52% / 6,78
Net Profit Margin (Before Income Tax) (%) / 3,38 / 376,06% / 0,71 / -65,20% / 2,04
Net Profit Margin EBITDA (before Interest, Income Tax, Depreciation and Non Operating Income) (%) / 6,96 / 21,89% / 5,71 / -20,03% / 7,14
VIABILITY AND CAPITAL STRUCTURE RATIOS
RATIOS / 31/12/2009 / CHANGE 09/08 (%) / 31/12/2008 / CHANGE 08/07 (%) / 31/12/2007
Financial Leverage (:1) / 0,89 / -3,26% / 0,92 / 0% / 0,92
Total Debt Equity Ratio (:1) / 8,01 / -27,64% / 11,07 / -0,45% / 11,12
Interest Coverage (Before Interest and Income Tax) (X) / 2,13 / 85,22% / 1,15 / -19,58% / 1,43
LIQUITIDY RATIOS
RATIOS / 31/12/2009 / CHANGE 09/08 (%) / 31/12/2008 / CHANGE 08/07 (%) / 31/12/2007
Current Ratio (Χ) / 1,04 / 0,97% / 1,03 / 0,98% / 1,02
Quick Ratio (Acid Test) (Χ) / 0,64 / 1,59% / 0,63 / -3,08% / 0,65
Working Capital (EURO) / 117.672,52 / 81,04% / 64.996,48 / 17,85% / 55.149,55
ACTIVITY RATIOS
RATIOS / 31/12/2009 / CHANGE 09/08 (%) / 31/12/2008 / CHANGE 08/07 (%) / 31/12/2007
Collection Period (DAYS) / 164 / -5,75% / 174 / -0,57% / 175
Payable Period (DAYS) / 229 / 5,53% / 217 / 24,71% / 174
Inventory Turnover (DAYS) / 215 / -0,46% / 216 / 14,28% / 189
Equity Turnover (Χ) / 10,75 / -11,67% / 12,17 / -16,24% / 14,53
Turnover of Capital Employed (Χ) / 1,04 / 2,97% / 1,01 / -7,34% / 1,09
INVESTOR RATIOS
RATIOS / 31/12/2009
Share Internal Value (EURO) / 0,72
Earnings per Share (EURO) / 0,23
SECTOR RATIOS
PROFITABILITY RATIOS
RATIOS / 2009 / CHANGE 09
08 (%) / 2008 / CHANGE 08/07 (%) / 2007
Return on Equity (Before Income Tax) (%) / 4,50 / -48,04% / 8,66 / -35,61% / 13,45
Return on Equity (Before Interest and Income Tax) (%) / 16,02 / -34,21% / 24,35 / -14,41% / 28,45
Return on Capital Employed (Before Interest and Income Tax) (%) / 3,19 / -27,33% / 4,39 / -15,25% / 5,18
Gross Profit Margin (%) / 14,65 / -0,74% / 14,76 / 1,58% / 14,53
Operating Profitability (%) / 2,36 / -0,74% / 2,71 / 1,58% / 3,34
Net Profit Margin (Before Income Tax) (%) / 0,71 / -37,17% / 1,13 / -29,38% / 1,60
Net Profit Margin (before Interest, Income Tax, Depreciation and Non Operating Income) (%) / 3,79 / -3,32% / 3,92 / -12,30% / 4,47
ACTIVITY RATIOS
RATIOS / 2009 / CHANGE 09/08 (%) / 2008 / CHANGE 08/07 (%) / 2007
Collection Period (DAYS) / 79,86 / 2,73% / 77,74 / 3,23% / 75,31
Payable Period (DAYS) / 73,67 / 2,28% / 72,03 / 5% / 68,60
Inventory Turnover (DAYS) / 96,33 / 9,93% / 87,63 / 20,67% / 72,62
Equity Turnover (Χ) / 6,36 / -16,97% / 7,66 / -9,13% / 8,43
Turnover of Capital Employed (Χ) / 1,27 / -7,97% / 1,38 / -10,39% / 1,54
VIABILITY AND CAPITAL STRUCTURE RATIOS
RATIOS / 2009 / CHANGE 09/08 (%) / 2008 / CHANGE 08/07 (%) / 2007
Financial Leverage (:1) / 0,79 / -2,47% / 0,81 / -2,41% / 0,83
Total Debt Equity Ratio (:1) / 3,68 / -15,01% / 4,33 / -9,22% / 4,77
Interest Coverage (Before Interest and Income Tax) (X) / 1,39 / -10,32% / 1,55 / -18,42% / 1,90
LIQUITIDY RATIOS
RATIOS / 2009 / CHANGE 09/08 (%) / 2008 / CHANGE 08/07 (%) / 2007
Current Ratio (Χ) / 1,18 / 0,85% / 1,17 / 0% / 1,17
Quick Ratio (Χ) / 0,70 / -1,41% / 0,71 / -5,33% / 0,75
Working Capital (EURO) / 870.507.283,33 / 4,98% / 829.203.336,17 / -12,49% / 947.519.591,72
Sample of Companies: 1.022(2009),1.118(2008),1.175(2007)
NOTES
- / Some ratios are calculated using the average value of the accounts of the Balance Sheet or Midterm Statements. For applying this type of calculation, financial statements must be presented in succession, with common accounting standards (either Greek Standards or IFRS) and with the same depth of analysis. In the opposite case, the corresponding ratios are calculated based on the accounts as at they are presented in the reporting year.
- / N/A: Not Available
N/C: Not Calculable
The indications N/A and N/C may appear in cases where accounts that participate in the computation of the ratios or in the accounts changes are not detected in the original balance sheet as well as the computation of certain ratios does not have a meaning i.e. Return on Equity ratio or Total Dept Equity ratio when Equity is negative, etc.
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