MIRA INFORM REPORT

 

 

Report Date :

15th November, 2006

 

IDENTIFICATION DETAILS

 

Correct Name :

ITALINOX, SPOL. SRO.

 

 

Registered Office :

Zdebradska 58/59, 251 01 Říčany u Prahy-Jažlovice, Czech Republic

 

 

Country :

Czech Republic

 

 

Financials (as on) :

2005

 

 

Date of Incorporation :

16.03.1992

 

 

Com. Reg. No.:

C 7900

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of metals and metal ores

Other wholesale

General mechanical engineering

 

RATING & COMMENTS

 

MIRA’s Rating :

Aaa

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

 

Maximum Credit Limit :

EUR 1.360.000,00

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

Company name & Address

 

 

 

 

 

 

 

 

ITALINOX, SPOL. SRO.

Principal Address


Zděbradská 58/59
251 01 Říčany u Prahy-Jažlovice
Czech Republic
Tel      : +420-323 628 137, +420-323 628 222, +420-323 328 122, +420-323 628 113, +420-323 628 119
Fax     : +420-323 628 221
Email  : obchod.praha@italinox.cz
Internet: www.italinox.cz

Registered office


Zděbradská 58/59
251 01 Říčany - Jažlovice
Czech Republic

Branch


Vintrovna 19
664 41 Popůvky u Brna
Czech Republic
Tel                          : +420-532 280 111
Fax                         : +420-532 280 222
Email                      : obchod.morava@italinox.cz

Branch


Vratimovská 11/624
718 00 Ostrava-Kunčičky
Czech Republic
Tel                          : +420-595 226 472
Fax                         : +420-595 226 475
Email                      : obchod.ostrava@italinox.cz

 

 

Former company addresses


Former Registered office


Legerova 22
120 00 Praha 2
Czech Republic

Former Registered office


Malešicvká 45
130 00 Praha 3
Czech Republic

Former Registered office

Na okraji 335
1600 Praha 6
Czech Republic

 

 

ICON number

 

4893510

 


National ID

 

45306591

 


VAT number

 

CZ45306591

 

 

Registration status

 

16.03.1992 - registered company

 


Activity status

 

16.03.1992 - active company

 

 

 

 

Date of Last Research

 

15.11.2006

 

 

 

CREDIT INFORMATION SUMMARY

 

 

 

Insolvency Information:

 

According to available information sources the company is not in a insolvency/preliminary/debt regulation proceeding.

 

 

 

Maximum Credit:   EUR 1.360.000,00

 

 

 

 

Payment Practices:

Payments are made according to terms

 

 

 

Further Rating Information:

Turnover volume of CZK 1.761.442.000 in the year 2005 increased by 10,53% compared with 2004. In the previous period this change was +33,34%.
Fixed assets increased by CZK 44.479.000 and are22,75% of total assets.

Cash flow from results of CZK 30.612.000 decreased by 15,87% compared with last year result.

 

 

 

Debt Collection:    

There is no record of any debt collection action by Coface Czech Credit Management Services, spol. s r.o. against this company exceeding a single case volume of EUR 500.

 

 

 

COMPANY DETAILS

 

 

 

Established:           

1992

 

 

 

Registration:          

No. C 7900
16.03.1992
Praha, Czech Republic

 

 

 

Legal Form:          

16.03.1992
limited Liability Company

 

 

 

Capital:                 

CZK 2.000.000,00

 

Shareholders:

 

 

 

Full Name

Function

Address

Equity

FINGHOLD S.A.

Registration: Luxembourg

Partner
27.02.2001 - Present

Avenue de la Liberté
Luxembourg
Luxembourg

CZK 1.960.000,00

HOLDINGFIN S.A. , Avenue de la Liberté 62 ,Luxembourg

Registration: Luxembourg

Partner
15.03.1995 - Present

 

CZK 20.000,00

VENDER Giovanni

Partner
15.11.2001 - Present

Viale Rimembranze 19
Parma
Italy

CZK 20.000,00

 

 

 

 

 

 

 

Management:

 

Full Name

Function

Address

CHING Maria Grazia Tai Chiuan
22.04.1998 - Present

Proxy

Krkonošská 5
120 00 Praha 2
Czech Republic

Ing. SLEZÁK Lubomír
31.08.1993 - Present

Managing Director

Terronská 65
160 00 Praha 6
Czech Republic

 

Related Companies:

other relationship
EURINOX spol. s r.o. , Czech Republic , National ID: 63996073

 

 

KEY DATA ON OPERATIONS

 

 

 

Subject of Operation:

NACE
main activity
5152 Wholesale of metals and metal ores

5190 Other wholesale
2852 General mechanical engineering

ADDITION TO ACTIVITY : wholesale with metalurgy and rust-free materials

 

Key Data:

 

 

 

Amounts shown in Czech Koruna (CZK)

 

2006

2005

2004

2003

Turnover

1.900.000.000 (expected)

1.761.442.000

1.593.581.000

1.195.144.000

Fixed assets

 

212.513.000

168.034.000

166.658.000

Equity

 

243.262.000

202.280.000

168.487.000

Liabilities

 

690.917.000

652.945.000

497.435.000

Profit after taxation

 

40.982.000

43.793.000

24.246.000

Operating result - profit

 

53.733.000

60.670.000

46.417.000

 

 

2005

2004

2003

2002

Return on assets (ROA)

(Net result / TOTAL ASSETS) * 100

4,39

5,12

3,64

4,93

Return on equity (ROE)
(Net result / Equity capital) * 100

16,85

21,65

14,39

18,17

 

 

 

 

Workforce:

                                                     

                                 2006              2005              2004              2003

Total workforce           58                 55                  50                  45

 

 

 

 

Motor Vehicles:

                                                                            

                                                                           2006              2005

Number of cars                                                     4                    4

 

 

 

 

Imports:                                                                                                  

Belgium

Germany

Finland

Italy

 

 

 

Branches:              

Branch:
Vintrovna 19
664 41 Popůvky u Brna
Czech Republic
Tel                          : +420-532 280 111
Fax                         : +420-532 280 222
Email                      : obchod.morava@italinox.cz

Branch:
Vratimovská 11/624
718 00 Ostrava-Kunčičky
Czech Republic
Tel                          : +420-595 226 472
Fax                         : +420-595 226 475
Email                      : obchod.ostrava@italinox.cz

 

 

 

FINANCIAL INFORMATION

 

Financials:

 

Amounts shown in Czech Koruna (CZK)  

2005

2004

2003

2002

 


Assets

 

TOTAL ASSETS

934.179.000,00

855.225.000,00

665.922.000,00

531.107.000,00

 

Fixed assets

212.513.000,00

168.034.000,00

166.658.000,00

170.492.000,00

 

Intangible fixed assets

180.000,00

275.000,00

273.000,00

753.000,00

 

Tangible fixed assets

188.333.000,00

143.759.000,00

142.385.000,00

145.739.000,00

 

Non-current financial assets

24.000.000,00

24.000.000,00

24.000.000,00

24.000.000,00

 

Current assets

719.774.000,00

685.228.000,00

497.658.000,00

357.027.000,00

 

Inventories

320.766.000,00

383.982.000,00

206.545.000,00

161.712.000,00

 

Long-term receivables

 

7.767.000,00

 

50.000,00

 

Short-term receivables

362.620.000,00

280.487.000,00

264.608.000,00

182.768.000,00

 

from that : Trade receivables

340.756.000,00

275.102.000,00

260.849.000,00

 

 

Liquid assets

36.388.000,00

12.992.000,00

26.505.000,00

12.497.000,00

 

Other assets

1.892.000,00

1.963.000,00

1.606.000,00

3.588.000,00

 

Estimated receivable

 

 

 

585.000,00

 



Equity & Liabilities

 

TOTAL LIABILITIES

934.179.000,00

855.225.000,00

665.922.000,00

531.107.000,00

 

Equity

243.262.000,00

202.280.000,00

168.487.000,00

144.241.000,00

 

Share capital

2.000.000,00

2.000.000,00

2.000.000,00

2.000.000,00

 

Statutory funds

2.200.000,00

2.200.000,00

2.200.000,00

2.200.000,00

 

Retained earnings

198.080.000,00

154.287.000,00

140.041.000,00

113.832.000,00

 

Profit or loss for the current period

40.982.000,00

43.793.000,00

24.246.000,00

26.209.000,00

 

LIABILITIES

690.917.000,00

652.945.000,00

497.435.000,00

382.426.000,00

 

Reserves

13.143.000,00

40.598.000,00

4.567.000,00

3.543.000,00

 

Long-term liabilities

963.000,00

 

1.765.000,00

 

 

Short-term liabilities

404.269.000,00

369.587.000,00

352.746.000,00

214.334.000,00

 

Bank loans and borrowings

272.542.000,00

242.760.000,00

138.357.000,00

164.549.000,00

 

Short-term bank credits and loans

217.342.000,00

222.760.000,00

113.357.000,00

130.962.000,00

 

Other liabilities

 

 

 

4.440.000,00

 

Estimated payables

 

 

 

4.440.000,00

 

BALANCE SHEET TOTAL

934.179.000,00

855.225.000,00

665.922.000,00

531.107.000,00

 



Profit & Loss Account

 

Turnover

1.761.442.000,00

1.593.581.000,00

1.195.144.000,00

939.849.000,00

 

Other operating revenues

3.617.000,00

2.966.000,00

1.348.000,00

8.708.000,00

 

Total operating income

1.765.059.000,00

1.596.547.000,00

1.196.492.000,00

948.557.000,00

 

Costs of sold goods

1.652.505.000,00

1.425.881.000,00

1.085.673.000,00

846.492.000,00

 

Purchased consumables and services

35.787.000,00

31.766.000,00

29.112.000,00

26.028.000,00

 

Staff costs

30.345.000,00

26.840.000,00

24.220.000,00

20.840.000,00

 

Taxes and charges

155.000,00

207.000,00

419.000,00

207.000,00

 

Depreciations of intangible and tangible assets

10.370.000,00

7.407.000,00

7.600.000,00

6.924.000,00

 

Other operating expenses

-17.836.000,00

43.776.000,00

3.051.000,00

6.395.000,00

 

Total operating expenses

1.711.326.000,00

1.535.877.000,00

1.150.075.000,00

906.886.000,00

 

OPERATING PROFIT / LOSS

53.733.000,00

60.670.000,00

46.417.000,00

41.671.000,00

 

Financial income

36.585.000,00

36.642.000,00

9.733.000,00

28.639.000,00

 

Financial expenses

32.104.000,00

34.545.000,00

20.972.000,00

27.015.000,00

 

there of : Interest expenses

9.142.000,00

7.604.000,00

5.616.000,00

7.058.000,00

 

Extraordinary expenses

 

 

 

6.083.000,00

 

PROFIT/LOSS BEFORE TAX

58.214.000,00

62.767.000,00

35.178.000,00

37.212.000,00

 

Corporation income tax

17.232.000,00

18.974.000,00

10.932.000,00

11.003.000,00

 

PROFIT OR LOSS FOR THE CURRENT PERIOD

40.982.000,00

43.793.000,00

24.246.000,00

26.209.000,00



Partial Financials:

 

Amounts shown in Czech Koruna (CZK)  

2006

 


Equity & Liabilities

 

Share capital

2.000.000,00

 


Profit & Loss Account

 

Turnover

1.900.000.000,00 (expected)

 

Total operating income

1.900.000.000,00 (expected)



2001-2005 The balance sheet data are from official sources.
The company is obliged by law to publish its financial statements.

 

Approximate Exchange Rates:

 

2005: 29,784 CZK = 1 EUR
2004: 31,904 CZK = 1 EUR
2003: 31,844 CZK = 1 EUR
2002: 30,812 CZK = 1 EUR
2001: 34,083 CZK = 1 EUR
2005: 23,947 CZK = 1 USD
2004: 25,701 CZK = 1 USD
2003: 28,227 CZK = 1 USD
2002: 32,736 CZK = 1 USD
2001: 38,038 CZK = 1 USD

 

Bankers:

 

HVB Bank Czech Republic a.s.
110 00 Praha 1, nám. Republiky 3a/č.p. 20

Ratios:

 

 

 

 

 

2005

2004

2003

2002

Liquidity Ratio - 3.stage
current assets / (Short-term liabilities + Short-term bank credits and loans)

1,16

1,16

1,07

1,03

Liquidity Ratio - 2.stage
(Short-term receivables + Liquid assets) / (Short-term liabilities + Short-term bank credits and loans)

0,64

0,50

0,62

0,57

Liquidity Ratio - 1.stage
Liquid assets / (Short-term liabilities + Short-term bank credits and loans)

0,06

0,02

0,06

0,04

Return on assets (ROA)
(Net result / TOTAL ASSETS) * 100

4,39

5,12

3,64

4,93

Return on equity (ROE)
(Net result / Equity capital) * 100

16,85

21,65

14,39

18,17

Receivables Maturity Date (day)
Short-term receivables / Turnover * 365

75,14

64,24

80,81

70,98

Liabilities Maturity Date (day)
Short-term liabilities / Turnover * 365

83,77

84,65

107,73

83,24

Debt Ratio
(Liabilities / Total Liabilities) * 100

73,96

76,35

74,70

72,01

Stock rotation in days
stock / (production consumption + expenses on sold goods) * 360

0

0

0

0

Net working capital
current assets - short term liabilities

CZK 315.505.000,00

CZK 315.641.000,00

CZK 144.912.000,00

CZK 142.693.000,00


Average values of ratios of enterprises with 100 or more employees in the sector of wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods are following:

Liquidity Ratio - 3.stage: 2,5
Liquidity Ratio - 2.stage: 1,7
Liquidity Ratio - 1.stage: 0,5
ROA: 2,5 %
ROE: 5,0 %
Receivables Maturity Date: 50 days
Liabilities Maturity Date: 55 days
Debt Ratio: 65 %

 


ADDITIONAL INFORMATION

 

 

Contact With Company:

Name and surname: Mrs. Vavřinová
Function: accountant
Date: 15.11.2006
Information given in report has been confirmed.

 

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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