MIRA
INFORM REPORT
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Report Date : |
05.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
POLAMER COMPANY SPÓŁKA Z O.O. |
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Registered Office : |
Ujejskiego 21a, 05-820 Piastów |
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Country : |
Poland |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
2002/01/15 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of other machinery for use in industry, trade and
navigation |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Moderate |
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Litigation : |
Clear |
ADDRESS DATA
POLAMER COMPANY SPÓŁKA Z O.O.
UJEJSKIEGO 21A
05-820 PIASTÓW
Tel. 022/7235532
BASIC DATA
REGONCODE 017478027
VAT: 534-21-83-851
Nationwide Court Register KRS
0000091853
Legal form: LIMITED
LIABILITY COMPANY
Status: ACTIVE
Start of activity: 2002/02/
Registering agency COURT
OF COMMERCE, WARSAW
Type : NATIONAL COURT REGISTER
Date of registration: 2002/01/15
NACE code 51.70
Other wholesale
NACE code 60.25
Freight transport by road
NACE code 51.65
Wholesale of other machinery for use in industry, trade and
navigation
ORGANIZATIONAL-LEGAL
DATA
Register capital:
Value : 50000.00 PLN
Number of shares: 100
SHAREHOLDER:
Surname :
SMAGIEŁ
Names : STANISŁAW
PESEL :
42070102853
Citizenship : Poland
Addr.:
Country code : Poland
Zip code : 03-430
City : WARSZAWA
Street : ŚRODKOWA 3/16
Value : 50000.00 PLN
Quant : 100
MANAG.:
PRESIDENT OF THE BOARD
Representation : SOLE
SIGNATURE
Surname :
SMAGIEŁ
Names :
STANISŁAW
PESEL :
42070102853
Citizenship : Poland
Addr.:
Country code : Poland
Zip code : 03-430
City : WARSZAWA
Street : ŚRODKOWA 3/16
SHARES IN OTHER
COMPANIES
No data
EMPLOYMENT
No data
REAL ESTATE
No data
SALES
Sales
2005/01/01 - 2005/12/31 28972.52
2004/01/01 - 2004/12/31
224182.97
FINANCIAL DATA
Financial
statement as on 2004/12/31 2005/12/31
ASSETS
A. Total non-current assets:
0.00 0.00
I.Intangible assets:
0.00 0.00
1.Costs of development activities: 0.00 0.00
2.Goodwill: 0.00 0.00
3.Other intangible fixed assets: 0.00 0.00
4.Prepayments for intangible
assets:
0.00 0.00
II.Fixed assets: 0.00 0.00
1.tangible fixed assets: 0.00 0.00
a)land:
0.00 0.00
b)buildings: 0.00 0.00
c)machinery and equipment:
0.00 0.00
d)vehicles: 0.00 0.00
e)other tangible fixed assets:
0.00 0.00
2.Investments in progress:
0.00 0.00
3.Investments in progress paid on
accounts:
0.00 0.00
III.Long-term receivables: 0.00 0.00
1.From related companies:
0.00 0.00
2.From other companies:
0.00 0.00
IV.Long-term investments:
0.00 0.00
1.Real-estate property:
0.00 0.00
2.Intangible assets: 0.00 0.00
3.Long-term financial assets:
0.00 0.00
a)in related companies:
0.00 0.00
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans:
0.00 0.00
- other long-term financial
assets:
0.00 0.00
b)in other companies:
0.00 0.00
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans:
0.00 0.00
- other long-term financial
assets:
0.00
4.Other long-term investments:
0.00 0.00
V.Long-term interperiod settlements: 0.00 0.00
1.Assets from deffered income tax: 0.00 0.00
2.Others:
0.00 0.00
B. Current assets: 278715.84 248215.89
I.Inventory
22552.16 22552.16
1.Materials: 0.00
0.00
2.Semi-products and work in
progress:
0.00 0.00
3.Finished goods:
0.00 0.00
4.Products: 22552.16 22552.16
5.Advance payment for delivery:
0.00 0.00
II.Accounts receivable:
198969.15 104830.35
1.From related companies:
0.00 0.00
a)trade receivables:
0.00 0.00
- within 12 months: 0.00 0.00
- more than 12 months:
0.00 0.00
b)others: 0.00 0.00
2.From other companies:
198969.15 104830.35
a)trade receivables:
132625.92 97808.35
- within 12 months: 132625.92 0.00
- more than 12 months:
0.00 97808.35
b)tax and social receivables:
6817.00 7022.00
c)other receivables:
59526.23 0.00
d)accounts receiv. result. from
disputable claims: 0.00 0.00
III.Short-term investments:
57181.00 114596.38
1.Short-term financial assets:
57181.00 114596.38
a)in related companies:
0.00 0.00
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans:
0.00 0.00
- other short-term financial
assets:
0.00 0.00
b)in other companies: 0.00 70655.09
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans: 0.00 0.00
- other short-term financial
assets:
0.00 70655.09
c)cash and other cash assets: 57181.00 43941.29
- cash in hand and at bank:
57181.00 43941.29
- other cash means:
0.00 0.00
- other cash assets:
0.00 0.00
2.Other short-term investments:
0.00 0.00
IV.Short-term interperiod settlements: 13.53 6237.00
Total assets
(A+B): 278715.84 248215.89
LIABILITIES
A. Net worth: -62070.64 -103890.56
I.Issued capital:
50000.00 50000.00
II.Outstanding but unpaid contribution for
share: 0.00 0.00
III.Entity's own capital (negative): 0.00 0.00
IV.Reserve capital:
0.00 0.00
V.Revaluation reserve: 0.00 0.00
VI.Other reserve capitals:
0.00 0.00
VII.Profit/loss brutto forward:
-57366.63 -112069.86
VIII.Net financial result for the year: -54704.01 -41820.70
IX.Write-offs from net profit: |
0.00 0.00
B.Liabilities & reserves:
340786.48 352106.45
I.Reserve for liabilities:
0.00 0.00
1.Reserves for deffered income tax: 0.00 0.00
2.Reserves for retirement and
similar:
0.00 0.00
- long-term:
0.00 0.00
- short-term:
0.00 0.00
3.Other reserves:
0.00 0.00
- long-term: 0.00 0.00
- short-term:
0.00 0.00
II.Long-term liabilities:
0.00 0.00
1.To related companies:
0.00 0.00
2.To other companies:
0.00 0.00
a)credits and loans: 0.00 0.00
b)commercial papers:
0.00 0.00
c)other financial liabilities:
0.00 0.00
d)other long-term liabilities:
0.00 0.00
III.Short-term liabilities:
340786.48 352106.45
1.To related companies:
0.00 0.00
a)trade payable:
0.00 0.00
- within 12 months:
0.00 0.00
- more than 12 months: 0.00 0.00
b)other:
0.00 0.00
2.To other companies:
340786.48 352106.45
a)bank loans: 160000.00 160000.00
b)commercial papers:
0.00 0.00
c)other financial liabilities: 0.00 0.00
d)trade payables:
163156.11 153675.02
- within 12 months:
33422.60 11962.55
- more than 12 months:
129733.51 141712.47
e)supplies paid on account:
0.00 0.00
f)notes payable:
0.00 0.00
g)tax & social securities:
192.56 14939.06
h)payroll payable:
0.00 0.00
i)other short-term liabilities: 17437.81 23492.37
3.Special funds:
0.00 0.00
IV.Accrued liabilities: 0.00 0.00
1.Negative goodwill:
0.00 0.00
2.Other:
0.00 0.00
- long-term: 0.00 0.00
- short-term:
0.00 0.00
Total liabilties (A+B):
278715.84 248215.89
Profit
and loss account (comp) InfoData 2004/12/31 2005/12/31
2004/01/01 2005/01/01
A. Net sales of goods and products: 203710.25 8104.64
- including to related companies 0.00 0.00
I.Net sales of products:
0.00 0.00
II.Change of products :
0.00 0.00
III.Costs of production:
0.00 0.00
IV.Net sale of goods and materials: 203710.25 8104.64
B. Operation expenses:
247377.62 47840.83
I. Depreciation: 0.00 0.00
II. Costs of materials and energy: 1743.08 240.13
III. Outside services: 33333.96 3090.15
IV.Taxes :
2240.00 310.00
- including excise taxes:
0.00 0.00
V. Salaries: 37200.00 36000.00
VI. Social taxes & related:
7733.88 1247.40
VII. Other:
87.00 105.28
VIII. Goods and materials sold:
165039.70 6847.87
C. Profit (loss) on sale (A-B):
-43667.37 -39736.19
D. Other operation incomes: 0.00 0.82
I.Profit from sale of tangible assets: 0.00 0.00
II.Grants & subsidies:
0.00 0.00
III.Other: 0.00 0.82
E. Other operating costs:
2.17 1.50
I.Loss from sale of tangible assets: 0.00 0.00
II.Revaluation of non-financial assets: 0.00 0.00
III.Other:
2.17 1.50
F. Profit from operating activity
(C+D-E): -43669.54 -39736.87
G. Financial income:
20472.72 20867.06
I. Dividends: 0.00 0.00
- from subisdiaries and affiliates: 0.00 0.00
II.Interest receivable:
19767.40 20867.06
- from subisdiaries and affiliates: 0.00 0.00
III.Profits from investment
transfeered:
0.00 0.00
IV.Revaluation of investments:
0.00 0.00
V.Other: 705.32 0.00
H. Financial costs: 31507.19 22950.89
I.Interest payable including:
19672.88 21130.69
- to related companies:
0.00 0.00
II.Loss from invetsments transffered: 0.00 0.00
III.Revaluation of investments:
0.00 0.00
IV.Other:
11834.31 1820.20
I. Profit (loss) from economic activity
(F+G-H):
-54704.01 -41820.70
J. Extraordinary items (J.I-J.II): 0.00 0.00
I.Extraordinary incomes:
0.00 0.00
II.Extraordinary losses:
0.00 0.00
K. Gross profit for the year (I+/-J): -54704.01 -41820.70
L. Corporate income tax:
0.00 0.00
M. Other obligatory charges:
0.00 0.00
N. Net profit for the year (K-L-M): -54704.01 -41820.70
INDEX
ANALYSE:
year
2004 2005
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CURRENT RATIO (CR)
Current Assets/Current liabilities 0.8178606 0.7049456
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities
0.7516838 0.6408963
CASH RATIO (SQR)
Cash/Current liabilities
0.1677913 0.1247955
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days
40.4081 ********
CREDITORS DAYS/DAY'S SALES IN
RECEIVABLES
Current receivables/Turnover x 365 days 356.5051 4721.1323
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days 610.608 *******
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 122.3% 141.9%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO
I
Longterm liabilities/Equity capital 0.00000 0.00000
LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO
II
Longterm liab./Equity cap.+Longterm liab. x
100% 0.0% 0.0%
RETURN ON SALES (ROS)
Net profit/Turnover x 100% -
26.9% -516.0%
RETURN ON ASSETS (ROA)
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Net profit/Total assets x 100% -
19.6% - 16.8%
RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100% 88.1% 40.3%
LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x
100%
0.0000000 0.0000000
WORKING CAPITAL
Current assets-Current liabilities - 62070.64 -
103890.56
WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x
100% - 30.5% *******
+----------------------------------------------------------------------------
HISTORICAL DATA
No change in the legal form has been reported
PAYMENTS
No significant trade experience has been reported thus far
TRADE PARTNERS
Details not available
PROCEDURES
Officially not available
ADDITIONAL
INFORMATION
Any other information officially not available
BANK
Officially not available
CONTACT WITH THE
COMPANY
When directly contacted representative of the company Mr Stanisław
Smagieł declined to present any additional data
EXCHANGE RATES
USD EUR
29.12.2006 2,9105 3,8312
30.12.2005 3,2613 3,8598
31.12.2004 2,9904 4,0790
31.12.2003 3,7405 4,7170
31.12.2002 3,8388 4,0202
31.12.2001 3,9863 3,5219
CREDIT RATING
Business relations on credit basis are not permissible.
We cannot give an opinion as to the granting of a credit in this
particular case
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)