MIRA INFORM REPORT

 

 

Report Date :

31.07.2007

 

IDENTIFICATION DETAILS

 

Name :

SEBA T, AKCIOVÁ SPOLEČNOST

 

 

Registered Office :

Krkonošská 140, 468 41 Tanvald

 

 

Country :

Czech Republic

 

 

Date of Incorporation :

24.06.1996

 

 

Com. Reg. No.:

B 1526

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturing of electricity distribution and control apparatus, stem and hot water supply, installation of electrical wiring and control apparatus.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Exist

 

 

COMPANY name

 

 

SEBA T, AKCIOVÁ SPOLEČNOST

 

Principal Address


Krkonošská 140
468 41 Tanvald
Czech Republic
Tel: +420-483 367 911, +420-483 332 964
Fax: +420-483 394 274
Email: sebat@sebat.cz
Internet: www.sebat.cz

 

Registered office


Krkonošská 140
468 41 Tanvald
Czech Republic

 

Branch


dílna šicí, záv. 15
418 01 Bílina
Czech Republic

Branch:
přádelna, záv. 06
468 51 Smržovka
Czech Republic

Branch:
tkalcovna, záv. 02
468 45 Velké Hamry
Czech Republic

Branch:
úpravna, záv. 05
468 46 Plavy
Czech Republic

Branch:
přádelna, záv. 01
468 41 Tanvald
Czech Republic

Branch:
tkalcovna, záv. 07
468 51 Smržovka
Czech Republic

 

Former company addresses


Former Registered office:
Dobrovského 338
Dvůr Králové nad Labem
Czech Republic

 

ICON number: 4933110
National ID: 25252721
VAT number: CZ25252721

 

Registration status: 24.06.1996 - registered company
Activity status: 24.06.1996 - active company

 

 

 

CREDIT INFORMATION SUMMARY

 

 

 

Insolvency Information:

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

 

 

 

Maximum Credit:

EUR 0,00

 

On account of the company’s current financial situation  we are refrains from a credit advice.

 

 

 

 

 

Payment Practices:

Payments are made irregularly.

 

 

 

Further Rating Information:

Researched company is categorized as a big company.



Positive Cash flow from results of CZK 57.000, in the last period the value was negative.

 

 

 

Debt Collection:

EUR 4.133,79 (Invoice date: 30.11.2001)

Status: closed positive (22.05.2002)


EUR 29.000,70 (Invoice date: 07.07.2006)

Status: open (20.05.2007)

Case received on: 07.05.2007


CZK 169.358,40 (Invoice date: 26.05.2006)

Status: open (24.07.2007)

Case received on: 11.07.2007


Only cases with a single case volume exceeding EUR 500 are shown.

 

 

 

COMPANY DETAILS

 

 

 

Established:

1996

 

 

 

Registration:

No. B 1526

 24.06.1996
Ústí nad Labem, Czech Republic

 

 

 

Legal Form:

24.06.1996
joint stock company

 

 

 

Capital:

CZK 386.000.000,00

 

 

 

Management:

Full Name

Function

Address

Ing. ZÁVĚRKA Filip
Nationality: CZ
27.08.2002 - Present

Chairman of the executive board

Strážník 810
513 01 Semily
Czech Republic

Ing. HOLEČEK Jan
Nationality: CZ
04.02.1998 - Present

Member of the executive board

Boženy Němcové 25
466 04 Jablonec nad Nisou
Czech Republic

KONVALIN Jan
Nationality: CZ
12.07.2006 - Present

Member of the executive board

87
512 53 Tatobity
Czech Republic

TANEČEK Lukáš
01.08.2006 - Present

Chairman of the supervisory board

Na Radouči 1072
293 01 Mladá Boleslav
Czech Republic

 

 

 

Related Companies:

shareholder of
KOLORA a.s. "v likvidaci" , Czech Republic , National ID: 48173240

 

 

 

KEY DATA ON OPERATIONS

 

 

 

Subject of

Operation:

NACE
  main activity
  1721 Cotton-type weaving

  1730 Finishing of textiles
  3120 Manufacture of electricity distribution and control apparatus
  4030 Steam and hot water supply
  4531 Installation of electrical wiring and fittings
  5248 Other retail sale in specialized stores
  5263 Other non-store retail sale
  5520 Camping sites and other provision of short-stay accommodation
  7430 Technical testing and analysis

 

 

 

Key Data:

Amounts shown in Czech Koruna (CZK)

 

2006

2005

2004

2003

Turnover

400.000.000

415.356.000

437.035.000

434.605.000

Fixed assets

 

346.213.000

343.740.000

350.454.000

Equity

364.629.000

365.170.000

364.649.000

364.608.000

Liabilities

296.344.000

284.384.000

277.383.000

256.314.000

Profit after taxation

57.000

878.000

120.000

5.046.000

Operating result - profit

 

7.264.000

5.334.000

6.391.000

 

 

2006

2005

2004

2003

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

0,01

0,14

0,02

0,81

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

0,02

0,24

0,03

1,38

 

 

 

Workforce:

 

2007

2006

2005

2004

Total workforce

300

550

650

655

 

 

 

Motor Vehicles:

 

2007

2002

Total number of vehicles

10

15

 

 

 

Imports:

Europe

 

 

 

Exports:

 

Canada

Europe

Lebanon

 

 

Branches:

Branch:
dílna šicí, záv. 15
418 01 Bílina
Czech Republic

Branch:
přádelna, záv. 06
468 51 Smržovka
Czech Republic

Branch:
tkalcovna, záv. 02
468 45 Velké Hamry
Czech Republic

Branch:
úpravna, záv. 05
468 46 Plavy
Czech Republic

Branch:
přádelna, záv. 01
468 41 Tanvald
Czech Republic

Branch:
tkalcovna, záv. 07
468 51 Smržovka
Czech Republic

 

 

 

FINANCIAL INFORMATION

 

 

 

Financials:

Amounts shown in Czech Koruna (CZK)  

2006

2005

2004

2003

 



Assets

 

TOTAL ASSETS

660.973.000,00

649.554.000,00

642.055.000,00

620.926.000,00

 

Fixed assets

 

346.213.000,00

343.740.000,00

350.454.000,00

 

Intangible fixed assets

 

19.251.000,00

5.089.000,00

576.000,00

 

Tangible fixed assets

 

260.615.000,00

272.304.000,00

283.531.000,00

 

Non-current financial assets

 

66.347.000,00

66.347.000,00

66.347.000,00

 

Current assets

 

299.353.000,00

295.463.000,00

264.374.000,00

 

Inventories

 

205.009.000,00

205.030.000,00

179.925.000,00

 

Long-term receivables

 

11.000,00

 

133.000,00

 

Short-term receivables

 

90.431.000,00

84.800.000,00

82.849.000,00

 

from that : Trade receivables

 

84.539.000,00

80.268.000,00

80.098.000,00

 

Liquid assets

 

3.902.000,00

5.633.000,00

1.467.000,00

 

Other assets

 

3.988.000,00

2.852.000,00

6.098.000,00

 

Estimated receivable

 

11.000,00

 

 

 



Equity & Liabilities

 

TOTAL LIABILITIES

660.973.000,00

649.554.000,00

642.055.000,00

620.926.000,00

 

Equity

364.629.000,00

365.170.000,00

364.649.000,00

364.608.000,00

 

Share capital

386.000.000,00

386.000.000,00

386.000.000,00

386.000.000,00

 

Statutory funds

 

3.716.000,00

4.067.000,00

3.894.000,00

 

Retained earnings

 

-25.424.000,00

-25.538.000,00

-30.332.000,00

 

Profit or loss for the current period

57.000,00

878.000,00

120.000,00

5.046.000,00

 

LIABILITIES

296.344.000,00

284.384.000,00

277.383.000,00

256.314.000,00

 

Reserves

 

 

4.700.000,00

 

 

Long-term liabilities

 

36.717.000,00

49.786.000,00

41.986.000,00

 

Short-term liabilities

 

129.678.000,00

96.867.000,00

89.275.000,00

 

from that : Trade payables

 

13.720.000,00

 

 

 

Bank loans and borrowings

 

117.989.000,00

126.030.000,00

125.053.000,00

 

Short-term bank credits and loans

 

111.161.000,00

113.754.000,00

118.213.000,00

 

Other liabilities

 

 

23.000,00

4.000,00

 

BALANCE SHEET TOTAL

660.973.000,00

649.554.000,00

642.055.000,00

620.926.000,00

 



Profit & Loss Account

 

Turnover

400.000.000,00

415.356.000,00

437.035.000,00

434.605.000,00

 

Change in internally produced inventory

 

342.000,00

24.797.000,00

-19.175.000,00

 

Own work capitalized

 

19.552.000,00

11.260.000,00

29.431.000,00

 

Other operating revenues

 

80.887.000,00

85.624.000,00

57.499.000,00

 

Total operating income

400.000.000,00

516.137.000,00

558.716.000,00

502.360.000,00

 

Costs of sold goods

 

27.931.000,00

28.116.000,00

29.522.000,00

 

Purchased consumables and services

 

261.067.000,00

281.795.000,00

250.828.000,00

 

Staff costs

 

130.807.000,00

135.387.000,00

138.758.000,00

 

Taxes and charges

 

1.546.000,00

1.194.000,00

1.710.000,00

 

Depreciations of intangible and tangible assets

 

15.482.000,00

16.484.000,00

17.273.000,00

 

Other operating expenses

 

72.040.000,00

90.406.000,00

57.878.000,00

 

Total operating expenses

 

508.873.000,00

553.382.000,00

495.969.000,00

 

OPERATING PROFIT / LOSS

 

7.264.000,00

5.334.000,00

6.391.000,00

 

Financial income

 

4.895.000,00

8.326.000,00

5.525.000,00

 

Financial expenses

 

13.607.000,00

15.625.000,00

12.415.000,00

 

there of : Interest expenses

 

6.219.000,00

7.670.000,00

7.034.000,00

 

Extraordinary income

 

52.000,00

1.559.000,00

782.000,00

 

Extraordinary expenses

 

32.000,00

377.000,00

522.000,00

 

PROFIT/LOSS BEFORE TAX

 

-1.428.000,00

-783.000,00

-239.000,00

 

Corporation income tax

 

-2.306.000,00

-903.000,00

-5.285.000,00

 

PROFIT OR LOSS FOR THE CURRENT PERIOD

57.000,00

878.000,00

120.000,00

5.046.000,00


Partial Financials:

Amounts shown in Czech Koruna (CZK)  

  2007

 



Equity & Liabilities

 

Share capital

386.000.000,00



The company is obliged by law to publish its financial statements.
The balance sheet data are from official sources.
2006-The financial data were submitted directly by the management of the researched company.
2006-The complete financial statement has not been published and are not officially available.

 

 

 

Approximate Exchange Rates:

2006: 28,343 CZK = 1 EUR
2005: 29,784 CZK = 1 EUR
2004: 31,904 CZK = 1 EUR
2003: 31,844 CZK = 1 EUR
2002: 30,812 CZK = 1 EUR
2006: 22,609 CZK = 1 USD
2005: 23,947 CZK = 1 USD
2004: 25,701 CZK = 1 USD
2003: 28,227 CZK = 1 USD
2002: 32,736 CZK = 1 USD

 

 

 

Bankers:

Česká spořitelna, a.s.
Tanvald

Citibank a.s.
Tanvald

GE Money Bank, a.s.
Tanvald

Komerční banka, a.s.
Tanvald

Volksbank CZ, a.s.
Tanvald

 

 

 

Ratios

 

 

2006

2005

2004

2003

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

-

1,24

1,40

1,27

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

-

0,39

0,43

0,41

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

-

0,02

0,03

0,01

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

0,01

0,14

0,02

0,81

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

0,02

0,24

0,03

1,38

Return on sales ( ROS )
Net profit / Turnover

0,01

0,21

0,03

1,16

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

-

79,47

70,82

69,58

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

-

113,96

80,90

74,98

Debt Ratio
(Liabilities / Total Liabilities) * 100

44,83

43,78

43,20

41,28

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

-

0

0

0

Net working capital
current assets - short term liabilities

-

CZK 169.675.000,00

CZK 198.596.000,00

CZK 175.099.000,00


Average values of ratios of enterprises with 100 or more employees in the sector of manufacture of textiles and textile products are following:

Liquidity Ratio - 3.stage: 1,9
Liquidity Ratio - 2.stage: 1,1
Liquidity Ratio - 1.stage: 0,3
ROA: 2,0 %
ROE: 5,0 %
Receivables Maturity Date: 75 days
Liabilities Maturity Date: 80 days
Debt Ratio: 50 %

 

 

 

ADDITIONAL INFORMATION

 

 

 

Contact With Company:

Name and surname: Mr. Miroslav Netolický
Function: manager

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

 

 

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%)

 

 

 

 

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