MIRA INFORM REPORT

 

 

Report Date :

04.12.2007

 

IDENTIFICATION DETAILS

 

Name :

R.G.I., SPOL. S R.O.

 

 

Registered Office :

Ovčárecká 855, 280 00 Kolín

 

 

Country :

Czech Republic

 

 

Date of Incorporation :

10.12.1993

 

 

Com. Reg. No.:

C 30850

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of textiles

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

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

Small

 

Maximum Credit Limit :

EUR 4.000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow


COMPANY REPORTED

 

 

 

R.G.I., SPOL. S R.O.

 

Principal Address


Ovčárecká 855
280 00 Kolín
Czech Republic
Tel: +420-321726687, +420-321725610, +420-602750809
Fax: +420-321725610
Email: info@rgi.cz
Internet: www.rgi.cz

 

Registered office


Ovčárecká 855
280 00 Kolín V
okres Kolín
Czech Republic

 

 

Former company addresses


Former Registered office:
Masarykova 438
284 00 Kutná Hora
Czech Republic

Former Registered office:
Baarova 1377
500 02 Hradec Králové
Czech Republic

 

 

ICON number

 

10176420

 

 

National ID

 

60110864

 

 

VAT number

 

CZ60110864

 

 

Registration status

 

10.12.1993 - registered company

 

 

Activity status

 

10.12.1993 - 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 4.000,00

 


 

 

 

 

Payment Practices:

Payments are made irregularly.

 


 

 

Further Rating Information:

Researched company is categorized as a small company.
Turnover volume of CZK 17.898.000 in the year 2006 decreased by 28,20% compared with 2005.
Fixed assets decreased by CZK 51.000 and now 0,67% of total assets.
Working capital of CZK 12.580.000 increased for 71,69% compared with the last period.
Positive Cash flow from results of CZK 76.000, in the last period the value was negative.

 


 

 

Debt Collection:

USD 8.227,05 (Invoice date: 02.03.2005)
Status: closed positive (10.11.2006)
Case received on: 22.09.2005

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

 

 

 

COMPANY DETAILS

 

 

 

Established:

1993

 


 

 

Registration:

No. C 30850
10.12.1993
Praha, Czech Republic

 


 

 

Legal Form:

10.12.1993
limited liability company

 


 

 

Capital:

CZK 200.000,00

 


 

 

Shareholders:

Full Name

Function

Address

Equity

R.I.G.I., spol. s r.o.
Registration: No. C 1067, 29.12.1990, Praha, Czech Republic

Partner
14.07.2004 - Present

Ovčárecká 855
280 00 Kolín
Czech Republic

CZK 80.000,00

Ing. CINCIBUS Aleš

Partner
10.12.1993 - Present

Malinová 1669
286 01 Čáslav
Czech Republic

CZK 20.000,00

Ing. NOVÁK Miroslav

Partner
10.12.1993 - Present

Puškinská 584
284 01 Kutná Hora
Czech Republic

CZK 20.000,00

Ing. POSPÍŠIL Miroslav

Partner
10.12.1993 - Present

6
285 46 Umonín
Czech Republic

CZK 20.000,00

Mag. PROCHÁZKA Jiří

Partner
10.12.1993 - Present

Semonická 2506
193 00 Praha 9, Horní Počernice
Czech Republic

CZK 20.000,00

Ing. PROCHÁZKA Vladimír

Partner
10.12.1993 - Present

Opletalova 181
284 01 Kutná Hora
Czech Republic

CZK 20.000,00

JUDr. ZÁBOJ Zdeněk

Partner
10.12.1993 - Present

Pírkova 151
280 02 Kolín VI
Czech Republic

CZK 20.000,00

 


 

 

Management:

Full Name

Function

Address

Ing. NOVÁK Miroslav
05.12.2002 - Present

Managing Director

Puškinská 584
284 01 Kutná Hora
Czech Republic

Mag. PROCHÁZKA Jiří
10.12.1993 - Present

Managing Director

Semonická 2506
193 00 Praha 9, Horní Počernice
Czech Republic

 


 

 

Related Companies:

other relationship
B.R.G., spol. s r.o. , Czech Republic , National ID: 60110872

other relationship
Kolínské strojírny a.s. , Czech Republic , National ID: 26480301

other relationship
Moderní bydlení Jihlava, spol s.r.o. , Czech Republic , National ID: 26921341

 


 

 

KEY DATA ON OPERATIONS

 

 

 

Subject of Operation:

NACE
  main activity
  5141 Wholesale of textiles

  5190 Other wholesale
  6312 Storage and warehousing

 


 

 

Key Data:

Amounts shown in Czech Koruna (CZK)

 

2006

2005

2004

2003

Turnover

17.898.000

24.927.000

24.927.000

30.664.000

Fixed assets

140.000

191.000

191.000

298.000

Equity

6.405.000

2.252.000

2.252.000

-13.539.000

Liabilities

13.500.000

17.809.000

17.809.000

35.852.000

Profit after taxation

154.000

0

0

846.000

Loss after taxation

0

386.000

386.000

0

Operating result - profit

0

851.000

851.000

1.705.000

Operating result - loss

307.000

0

0

0

 

 

2006

2005

2004

2003

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

0,74

NEGATIVE

NEGATIVE

3,76

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

2,40

NEGATIVE

NEGATIVE

NEGATIVE

 


 

 

Workforce:

 

2007

2006

2005

2004

Total workforce

11

10

11

10

Number of freelancers

 

 

 

0

 


 

 

Motor Vehicles:

 

2004

Number of cars

2

Number of lorries

2

 


 

 

Imports:

China

Europe

 


 

 

Exports:

 

Europe

 

 

 

FINANCIAL INFORMATION

 

 

 

Financials:

Amounts shown in Czech Koruna (CZK)  

2006

2005

2004

2003

 



Balance sheet

 

Assets

 

TOTAL ASSETS

20.767.000,00

21.049.000,00

21.049.000,00

22.479.000,00

 

Fixed assets

140.000,00

191.000,00

191.000,00

298.000,00

 

Tangible fixed assets

140.000,00

191.000,00

191.000,00

298.000,00

 

Current assets

20.915.000,00

20.637.000,00

20.637.000,00

21.755.000,00

 

Inventories

15.944.000,00

15.659.000,00

15.659.000,00

13.256.000,00

 

Short-term receivables

3.385.000,00

3.770.000,00

3.770.000,00

6.554.000,00

 

from that : Trade receivables

 

 

 

6.055.000,00

 

Liquid assets

1.586.000,00

1.208.000,00

1.208.000,00

1.945.000,00

 

Other assets

-288.000,00

221.000,00

221.000,00

426.000,00

 



Equity & Liabilities

 

TOTAL LIABILITIES

20.767.000,00

21.049.000,00

21.049.000,00

22.479.000,00

 

Equity

6.405.000,00

2.252.000,00

2.252.000,00

-13.539.000,00

 

Share capital

200.000,00

200.000,00

200.000,00

120.000,00

 

Capital funds

19.500.000,00

15.500.000,00

15.500.000,00

 

 

Statutory funds

43.000,00

43.000,00

43.000,00

43.000,00

 

Retained earnings

-13.492.000,00

-13.105.000,00

-13.105.000,00

-14.547.000,00

 

Profit or loss for the current period

154.000,00

-386.000,00

-386.000,00

846.000,00

 

LIABILITIES

13.500.000,00

17.809.000,00

17.809.000,00

35.852.000,00

 

Long-term liabilities

3.465.000,00

3.799.000,00

3.799.000,00

19.387.000,00

 

Short-term liabilities

8.335.000,00

13.310.000,00

13.310.000,00

16.465.000,00

 

Bank loans and borrowings

1.700.000,00

700.000,00

700.000,00

 

 

Short-term bank credits and loans

1.700.000,00

700.000,00

700.000,00

 

 

Other liabilities

862.000,00

988.000,00

988.000,00

166.000,00

 

BALANCE SHEET TOTAL

20.767.000,00

21.049.000,00

21.049.000,00

22.479.000,00

 



Profit & Loss Account

 

Turnover

17.898.000,00

24.927.000,00

24.927.000,00

30.664.000,00

 

Other operating revenues

631.000,00

263.000,00

263.000,00

963.000,00

 

Total operating income

18.529.000,00

25.190.000,00

25.190.000,00

31.627.000,00

 

Costs of sold goods

10.688.000,00

13.350.000,00

13.350.000,00

17.733.000,00

 

Purchased consumables and services

5.773.000,00

7.700.000,00

7.700.000,00

8.231.000,00

 

Staff costs

2.294.000,00

2.363.000,00

2.363.000,00

3.050.000,00

 

Taxes and charges

22.000,00

21.000,00

21.000,00

50.000,00

 

Depreciations of intangible and tangible assets

78.000,00

102.000,00

102.000,00

120.000,00

 

Other operating expenses

-19.000,00

803.000,00

803.000,00

738.000,00

 

Total operating expenses

18.836.000,00

24.339.000,00

24.339.000,00

29.922.000,00

 

OPERATING PROFIT / LOSS

-307.000,00

851.000,00

851.000,00

1.705.000,00

 

Financial income

1.318.000,00

253.000,00

253.000,00

1.652.000,00

 

Financial expenses

655.000,00

1.306.000,00

1.306.000,00

1.723.000,00

 

there of : Interest expenses

98.000,00

75.000,00

75.000,00

463.000,00

 

Extraordinary income

13.000,00

 

 

 

 

Extraordinary expenses

 

82.000,00

82.000,00

37.000,00

 

PROFIT/LOSS BEFORE TAX

369.000,00

-284.000,00

 

3.000.000,00

 

Corporation income tax

215.000,00

102.000,00

102.000,00

751.000,00

 

PROFIT OR LOSS FOR THE CURRENT PERIOD

154.000,00

-386.000,00

-386.000,00

846.000,00



Partial Financials:

Amounts shown in Czech Koruna (CZK)  

2007

 



Equity & Liabilities

 

Share capital

200.000,00



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

 


 

 

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:

Komerční banka, a.s.
Kolín

 


 

 

Ratios

 

2006

2005

2004

2003

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

2,08

1,47

1,47

1,32

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

0,50

0,36

0,36

0,52

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

0,16

0,09

0,09

0,12

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

0,74

NEGATIVE

NEGATIVE

3,76

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

2,40

NEGATIVE

NEGATIVE

NEGATIVE

Return on sales ( ROS )
Net profit / Turnover

0,86

NEGATIVE

NEGATIVE

2,76

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

69,03

55,20

55,20

78,01

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

169,98

194,90

194,90

195,99

Debt Ratio
(Liabilities / Total Liabilities) * 100

65,01

84,61

84,61

159,49

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 12.580.000,00

CZK 7.327.000,00

CZK 7.327.000,00

CZK 5.290.000,00


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.Moulisová
Function: accountant
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.

 

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