MIRA INFORM REPORT

 

 

Report Date :

16th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

NOVIBRA BOSKOVICE S. R. O.

 

 

Registered Office :

Na Kamenici 2188, 680 01 Boskovice, Czech Republic

 

 

Country :

Czech Republic

 

 

Financials (as on) :

2005

 

 

Date of Incorporation :

13.01.1993

 

 

Com. Reg. No.:

C 8870

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of machinery for textile, apparel and leather production

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EUR 520.000,00

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Company name & Address

 

 

 

 

 

 

 

 

NOVIBRA BOSKOVICE S.R.O.

Principal Address

Na Kamenici 2188
680 01 Boskovice
Czech Republic
Tel                          : +420-516 528 111, +420-516 528 105, +420-516 528 185
Fax                         : +420-516 528 137
Email                      : sales@novibra.com
Internet                    : www.novibra.cz

Registered office

Na Kamenici 2188
680 01 Boskovice
Czech Republic

 

                              
Former company names

Novibra Boskovice spol. s r.o., valid since 13.01.1993 valid until 02.10.1997

 

Former company addresses
Former Principal Address:
Sokolovská 60
Bosokovice
Czech Republic

Former Principal Address:
Sokolovská 60
680 01 Boskovice
Czech Republic

 

 

ICON number

 

4987030

 


National ID

 

46995030

 


VAT number

 

CZ46995030

 

 

 

Date of Last Research 

 

16.11.2006

 

 

CREDIT INFORMATION SUMMARY

 

 

 

 

Insolvency Information:

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

 

 

 

Maximum Credit:  

EUR 520.000,00

 

 

 

 

Payment Practices:

Payments are made according to terms

 

 

 

Further Rating Information:

Turnover volume of CZK 648.158.000 in the year 2005 decreased by 13,57% compared with 2004. In previous period this change was +3,98%.
Fixed assets increased by CZK 18.882.000 and are45,98% of total assets.

Cash flow from results of CZK 51.240.000 decreased by 35,62% compared with last year result.

 

 

 

Debt Collection:

There is no record of any debt collection action against this company exceeding a single case volume of EUR 500.

 

 

 

COMPANY DETAILS

 

 

 

Established:           

1993

 

 

 

Registration:          

No. C 8870
13.01.1993
Brno, Czech Republic

 

 

 

Legal Form:          

13.01.1993
limited liability company

 

 

 

Capital:                 

CZK 40.000.000,00

 

Shareholders:

 

Full Name

Function

Address

Equity

RIETER Holding AG
Registration: Switzerland

Partner

 

CZK 39.000.000,00

Rieter Deutschland GmbH & Co.OHG
Registration: Germany

Partner

Ingolstadt
Germany

CZK 1.000.000,00

 

Management:

 

 

 

 

 

 

Full Name

Function

Address

Ing. KOVÁŘ Zdeněk

Managing Director

Sudice 63
680 01 Boskovice
Czech Republic

KÜLZER Markus

Managing Director

Vratíkov 63
680 01 Boskovice
Czech Republic

SCHÖNBÄCHLER Christoph
15.06.2006 - Present

Managing Director

Hündlerstrasse 55
Wintherthur
Switzerland

 

 

KEY DATA ON OPERATIONS

 

 

 

Subject of Operation:

NACE
2954 Manufacture of machinery for textile, apparel and leather production

High speed spindles, Technology HP-S 68, Heavy Duty Spindles,Lubrico, Top Rollers, Bottom Rollers.

 

Key Data:

 

Amounts shown in Czech Koruna (CZK)

 

2006

2005

2004

2003

Turnover

770.000.000 (expected)

648.158.000

749.880.000

721.143.000

Fixed assets

 

194.860.000

175.978.000

123.319.000

Equity

 

180.250.000

164.839.000

102.235.000

Liabilities

 

243.406.000

288.880.000

298.280.000

Profit after taxation

 

75.787.000

97.238.000

68.001.000

Loss after taxation

 

0

0

0

Operating result - profit

 

104.037.000

138.391.000

109.835.000

 

 

2005

2004

2003

2002

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

17,88

21,42

16,97

9,37

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

42,05

58,99

66,51

86,73

 

 

 

 

 

 

Workforce:                                    

                                                      2006              2005              2004               2003

Total workforce                                420                380                380                395

 

 

 

 

Motor Vehicles:                            

                                                      2006              2005              2004               2003

Total number of vehicles                                                                                   7

Number of cars                                7                    7                   7                   

 

 

 

Imports:                                                                                                  

Germany

 

 

 

Exports:                                                                                                  

Asia

Germany

 

 

 

Real Estate:           

built upon
Address:
Na Kamenici 2188
680 01 Boskovice
Czech Republic

Share: 100%

 

 

FINANCIAL INFORMATION

 

Financials:

 

Amounts shown in Czech Koruna (CZK)  

2005

2004

2003

2002

 



Balance sheet

 

Assets

 

TOTAL ASSETS

423.780.000,00

453.860.000,00

400.740.000,00

330.946.000,00

 

Fixed assets

194.860.000,00

175.978.000,00

123.319.000,00

91.374.000,00

 

Intangible fixed assets

2.099.000,00

1.568.000,00

1.387.000,00

750.000,00

 

Tangible fixed assets

192.761.000,00

174.410.000,00

121.932.000,00

90.624.000,00

 

Current assets

224.249.000,00

271.771.000,00

277.224.000,00

235.674.000,00

 

Inventories

94.161.000,00

96.439.000,00

92.471.000,00

86.499.000,00

 

Long-term receivables

27.000,00

2.748.000,00

7.955.000,00

5.322.000,00

 

Short-term receivables

105.598.000,00

125.408.000,00

141.074.000,00

121.653.000,00

 

from that : Trade receivables

83.187.000,00

102.947.000,00

 

 

 

Liquid assets

24.463.000,00

47.176.000,00

35.724.000,00

22.200.000,00

 

Other assets

4.671.000,00

6.111.000,00

197.000,00

3.898.000,00

 

Estimated receivable

27.000,00

 

 

750.000,00

 



Equity & Liabilities

 

TOTAL LIABILITIES

423.780.000,00

453.860.000,00

400.740.000,00

330.946.000,00

 

Equity

180.250.000,00

164.839.000,00

102.235.000,00

35.749.000,00

 

Share capital

40.000.000,00

40.000.000,00

40.000.000,00

40.000.000,00

 

Capital funds

3.475.000,00

3.851.000,00

-1.515.000,00

 

 

Statutory funds

4.000.000,00

4.000.000,00

1.685.000,00

135.000,00

 

Retained earnings

56.988.000,00

19.750.000,00

-5.936.000,00

-35.391.000,00

 

Profit or loss for the current period

75.787.000,00

97.238.000,00

68.001.000,00

31.005.000,00

 

LIABILITIES

243.406.000,00

288.880.000,00

298.280.000,00

283.356.000,00

 

Reserves

9.850.000,00

27.355.000,00

50.657.000,00

18.735.000,00

 

Long-term liabilities

96.186.000,00

99.011.000,00

105.317.000,00

118.500.000,00

 

Short-term liabilities

97.968.000,00

145.273.000,00

122.070.000,00

89.440.000,00

 

Bank loans and borrowings

39.402.000,00

17.241.000,00

20.236.000,00

56.681.000,00

 

Short-term bank credits and loans

19.004.000,00

8.438.000,00

14.022.000,00

36.908.000,00

 

Other liabilities

124.000,00

141.000,00

225.000,00

11.841.000,00

 

Estimated payables

 

 

 

4.191.000,00

 

BALANCE SHEET TOTAL

423.780.000,00

453.860.000,00

400.740.000,00

330.946.000,00

 



Profit & Loss Account

 

Turnover

648.158.000,00

749.880.000,00

721.143.000,00

592.277.000,00

 

Change in internally produced inventory

4.421.000,00

-3.342.000,00

54.000,00

6.053.000,00

 

Other operating revenues

16.275.000,00

21.423.000,00

18.310.000,00

16.349.000,00

 

Total operating income

668.854.000,00

767.961.000,00

739.507.000,00

614.679.000,00

 

Costs of sold goods

22.736.000,00

21.388.000,00

15.764.000,00

 

 

Purchased consumables and services

407.398.000,00

458.729.000,00

434.557.000,00

376.289.000,00

 

Staff costs

121.352.000,00

131.926.000,00

132.182.000,00

123.940.000,00

 

Taxes and charges

168.000,00

142.000,00

99.000,00

130.000,00

 

Depreciations of intangible and tangible assets

24.547.000,00

17.642.000,00

17.143.000,00

27.510.000,00

 

Other operating expenses

-11.384.000,00

-257.000,00

29.927.000,00

31.659.000,00

 

Total operating expenses

564.817.000,00

629.570.000,00

629.672.000,00

559.528.000,00

 

OPERATING PROFIT / LOSS

104.037.000,00

138.391.000,00

109.835.000,00

55.151.000,00

 

Financial income

23.707.000,00

19.211.000,00

12.276.000,00

27.679.000,00

 

Financial expenses

27.126.000,00

27.575.000,00

23.254.000,00

32.739.000,00

 

there of : Interest expenses

6.431.000,00

6.077.000,00

8.403.000,00

11.616.000,00

 

Extraordinary expenses

 

20.000,00

6.590.000,00

 

 

PROFIT/LOSS BEFORE TAX

100.618.000,00

130.007.000,00

68.001.000,00

50.091.000,00

 

Corporation income tax

24.831.000,00

32.769.000,00

24.266.000,00

19.086.000,00

 

PROFIT OR LOSS FOR THE CURRENT PERIOD

75.787.000,00

97.238.000,00

68.001.000,00

31.005.000,00





Partial Financials

 

Amounts shown in Czech Koruna (CZK)  

2006

 



Equity & Liabilities

 

Share capital

40.000.000,00

 



Profit & Loss Account

 

Turnover

770.000.000,00 (expected)

 

Total operating income

770.000.000,00 (expected)



The company is obliged by law to publish its financial statements.

The balance sheet data are from official sources.

The financial data 2006 were submitted directly by the management of the researched company.

The official balance sheet for 2001 includes mistakes in data structure or incorrect data.

 

 

 

 

 

 

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

COMMERZBANK Aktiengesellschaft, pobočka Praha
Brno

Deutsche Bank Aktiengesellschaft Filiale Prag, organizační složka
Brno

Komerční banka, a.s. - Account no. 20004-631/0100
Boskovice

 

Ratios

 

 

 

 

2005

2004

2003

2002

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

1,92

1,77

2,04

1,87

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

1,11

1,12

1,30

1,14

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

0,21

0,31

0,26

0,18

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

17,88

21,42

16,97

9,37

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

42,05

58,99

66,51

86,73

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

59,47

61,04

71,40

74,97

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

55,17

70,71

61,78

55,12

Debt Ratio
(Liabilities / Total Liabilities) * 100

57,44

63,65

74,43

85,62

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

0

0

0

-

Net working capital
current assets - short term liabilities

CZK 126.281.000,00

CZK 126.498.000,00

CZK 155.154.000,00

CZK 146.234.000,00


Average values of ratios of enterprises with 100 or more employees in the sector of manufacture of machinery and equipment n.e.c. are following:

Liquidity Ratio - 3.stage: 1,6
Liquidity Ratio - 2.stage: 1,0
Liquidity Ratio - 1.stage: 0,3
ROA: 1,5 %
ROE: 3,5 %
Receivables Maturity Date: 90 days
Liabilities Maturity Date: 110 days
Debt Ratio: 60 %

 

 


ADDITIONAL INFORMATION

 

 

 

Contact With Company:

Name and surname: Mr. Milan Purket
Function: economist
Data : 16.11.2006
Information given in report has been confirmed.
Information given in report comes from external sources.

 

 

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