MIRA
INFORM REPORT
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Report Date : |
20.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
HELIO SPÓŁKA AKCYJNA |
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Registered Office : |
Wyględy, Stołeczna 26, 05-083 Zaborów |
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Country : |
Poland |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
1992/11/15 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Agents specializing in the sale of particular products or ranges of products Wholesale of fruit and vegetables |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
500.000 EUR |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
ADDRESS DATA
HELIO SPÓŁKA AKCYJNA
WYGLĘDY, STOŁECZNA 26
05-083 ZABORÓW
Tel. 022/7963196
Fax. 022/7520921
http:// www.helio.pl
E-mail: helio@helio.pl
BASIC DATA
REGONCODE 015533555
VAT: 118-16-94-514
Nationwide Court Register KRS 0000262514
Legal form: JOINT STOCK COMPANY
Status: ACTIVE
Start of activity: 1992/11/15
Registering agency COURT OF COMMERCE, WARSAW
Type : NATIONAL COURT REGISTER
Date of registration: 2006/08/25
NACE code 51.18
Agents specializing in the sale of particular products or ranges of products
NACE code 51.31
Wholesale of fruit and vegetables
NACE code 74.82
Packaging activities
ORGANIZATIONAL-LEGAL DATA
Register
capital:
Value : 2500000.00 PLN
Number of shares : 5000000
SHAREHOLDER
Surname : WĄSOWICZ
Names : LESZEK PAWEŁ
PESEL : 68122000010
Citizenship : Poland
Addr.:
Country code : Poland
Value : 1928500.00 PLN
Quant: 3857000
SUPERVIS.BOARD:
MEMBER,SUPERVISORY BOARD
Surname : KĄCKA
Names : MAGDALENA
PESEL : 75022501226
Citizenship : Poland
Addr.:
Country code : Poland
SUPERVIS.BOARD:
CHAIRMAN,SUPERVISORY BOARD
Surname : KOSIŃSKI
Names : JACEK
PESEL : 73011100797
Citizenship : Poland
Addr.:
Country code : Poland
SUPERVIS.BOARD:
MEMBER,SUPERVISORY BOARD
Surname : GAŁAN-STELMASZCZUK
Names : IRENA
PESEL : 51081304103
Citizenship : Poland
Addr.:
Country code : Poland
SUPERVIS.BOARD:
VICE-CHAIRMAN,SUPERVISOR BOARD
Surname : WĄSOWICZ
Names : ADAM STEFAN
PESEL : 37061200036
Citizenship : Poland
Addr.:
Country code : Poland
SUPERVIS.BOARD:
MEMBER,SUPERVISORY BOARD
Surname : TURSKI
Names : RADOSŁAW ANDRZEJ
PESEL : 68122200052
Citizenship : Poland
Addr.:
Country code : Poland
MANAG.:
PRESIDENT OF THE BOARD
Representation : SOLE SIGNATURE
Surname : WĄSOWICZ
Names : LESZEK PAWEŁ
PESEL : 68122000010
Citizenship : Poland
Addr.:
Country code : Poland
MANAG.:
VICE-PRESIDENT OF THE BOARD
Representation : SOLE SIGNATURE
Surname : WĄSOWICZ
Names : JUSTYNA JOANNA
PESEL : 72020600605
Citizenship : Poland
Addr.:
Country code : Poland
SHARES IN OTHER COMPANIES
No data
EMPLOYMENT
Total (MIN MAX) Productive(MIN MAX) Unprod.(MIN MAX) DATE FROM DATE TO
66-66 - - 2006/08/25-2007/06/30
30-30 - - 2004/01/01-2004/12/31
REAL ESTATE
Real estate: GN GROUNDS
OWN: Area from to Value Cur Number of mortgage reg.
- 754466.92 PLN
Real estate: BD BUILDINGS AND CONSTRUCTIONS
OWN: Area from to Value Cur Number of mortgage reg.
- 1412769.08 PLN
2007.06.30
SALES
2006/08/25 - 2007/06/30 41018947.54
FINANCIAL DATA
Financial
statement as on 2007/06/30
ASSETS
A. Total non-current
assets:
4399121.52
I.Intangible assets:
13424.97
1.Costs of development activities: 0.00
2.Goodwill: 0.00
3.Other intangible fixed assets: 13424.97
4.Prepayments for intangible assets: 0.00
II.Fixed assets: 4305911.40
1.tangible fixed assets: 3406837.40
a)land: 754466.92
b)buildings: 1412769.08
c)machinery and equipment: 806535.57
d)vehicles: 380099.79
e)other tangible fixed assets: 52966.04
2.Investments in progress: 894074.00
3.Investments in progress paid on
accounts: 5000.00
III.Long-term receivables:
0.00
1.From related companies: 0.00
2.From other companies: 0.00
IV.Long-term investments:
0.00
1.Real-estate property:
0.00
2.Intangible assets: 0.00
3.Long-term financial assets: 0.00
a)in related companies: 0.00
- shares: 0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other long-term financial
assets: 0.00
b)in other companies:
0.00
- shares: 0.00
- other commercial papers: 0.00
- provided loans: 0.00
- other long-term financial
assets: 0.00
4.Other long-term investments: 0.00
V.Long-term interperiod settlements: 79785.15
1.Assets from deffered income tax: 44985.19
2.Others: 34799.96
B. Current
assets: 19411315.02
I.Inventory 7474085.31
1.Materials: 1237835.96
2.Semi-products and work in
progress:
0.00
3.Finished goods: 1067196.80
4.Products: 5169052.55
5.Advance payment for delivery: 0.00
II.Accounts receivable:
4402091.64
1.From related companies: 0.00
a)trade receivables:
0.00
- within 12 months:
0.00
- more than 12 months: 0.00
b)others: 0.00
2.From other companies:
4402091.64
a)trade receivables: 3627912.18
- within 12 months:
3627912.18
- more than 12 months: 0.00
b)tax and social receivables: 727708.06
c)other receivables:
46471.40
d)accounts receiv. result. from
disputable claims: 0.00
III.Short-term investments:
6802981.27
1.Short-term financial assets: 6802981.27
a)in related companies: 0.00
- shares: 0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other short-term financial
assets: 0.00
b)in other companies: 0.00
- shares: 0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other short-term financial
assets: 0.00
c)cash and other cash assets: 6802981.27
- cash in hand and at bank: 82787.34
- other cash means: 6720193.93
- other cash assets:
0.00
2.Other short-term investments: 0.00
IV.Short-term interperiod settlements: 732156.80
Total assets (A+B): 23810436.54
LIABILITIES
A. Net worth:
19427747.65
I.Issued capital: 2500000.00
II.Outstanding but unpaid contribution for
share: 0.00
III.Entity's own capital (negative): 0.00
IV.Reserve capital: 13308687.98
V.Revaluation reserve:
0.00
VI.Other reserve capitals:
0.00
VII.Profit/loss brutto forward: 1121556.65
VIII.Net financial
result for the year:
2497503.02
IX.Write-offs from net profit: 0.00
B.Liabilities &
reserves: 4382688.89
I.Reserve for liabilities:
217674.33
1.Reserves for deffered income tax: 7787.39
2.Reserves for retirement and
similar:
0.00
- long-term: 0.00
- short-term:
0.00
3.Other reserves:
209886.94
- long-term: 0.00
- short-term:
209886.94
II.Long-term liabilities:
458672.30
1.To related companies:
0.00
2.To other companies:
458672.30
a)credits and loans:
0.00
b)commercial papers:
0.00
c)other financial liabilities: 458672.30
d)other long-term liabilities: 0.00
III.Short-term
liabilities: 3706342.26
1.To related companies: 0.00
a)trade payable:
0.00
- within 12 months:
0.00
- more than 12 months: 0.00
b)other: 0.00
2.To other companies:
3706342.26
a)bank loans: 413420.99
b)commercial papers: 0.00
c)other financial liabilities: 250398.09
d)trade payables:
3026458.18
- within 12 months: 3026458.18
- more than 12 months: 0.00
e)supplies paid on account: 0.00
f)notes payable:
0.00
g)tax & social securities: 16065.00
h)payroll payable:
0.00
i)other short-term liabilities: 0.00
3.Special funds: 0.00
IV.Accrued liabilities:
0.00
1.Negative goodwill:
0.00
2.Other: 0.00
- long-term: 0.00
- short-term: 0.00
Total liabilties (A+B):
23810436.54
Profit
and loss account (comp) 2007/06/30
2006/08/25
A. Net sales of goods and products:
40877088.93
I.Net sales of products: 8540663.23
II.Change of products : 25862.00
III.Costs of production: 0.00
IV.Net sale of goods and materials:
32310563.70
B. Operation expenses: 37183192.31
I. Depreciation:
391442.07
II. Costs of materials and energy:
577838.53
III. Outside services:
1261502.52
IV.Taxes :
87696.16
V. Salaries: 2106276.66
VI. Social taxes & related: 385494.78
VII. Other:
6005553.02
VIII. Goods and materials sold:
26367388.57
C. Profit (loss) on sale (A-B):
3693896.62
D. Other operation incomes: 38566.05
I.Profit from sale of tangible assets:
0.00
II.Grants & subsidies:
0.00
III.Other: 38566.05
E. Other operating costs:
203969.55
I.Loss from sale of tangible assets:
446.68
II.Revaluation of non-financial assets:
0.00
III.Other:
203522.87
F. Profit from operating activity
(C+D-E): 3528493.12
G. Financial income:
103292.56
I. Dividends:
0.00
II.Interest receivable: 103292.56
III.Profits from investment
transfeered: 0.00
IV.Revaluation of investments: 0.00
V.Other: 0.00
H. Financial costs:
493455.52
I.Interest payable including:
416642.29
II.Loss from invetsments transffered:
0.00
III.Revaluation of investments: 0.00
IV.Other: 76813.23
I. Profit (loss) from economic activity
(F+G-H):
3138330.16
J. Extraordinary items (J.I-J.II): 0.00
I.Extraordinary incomes: 0.00
II.Extraordinary losses:
0.00
K. Gross profit for the year (I+/-J):
3138330.16
L. Corporate income tax:
640827.14
M. Other obligatory charges: 0.00
N. Net profit for the year (K-L-M): 2497503.02
Cash flow
statement 2007/06/30
2006/08/25
A. Operating cash flow
-2010640.27
I. Net profit 2497503.02
II. Adjustments -4508143.29
1. Depreciation 391442.07
2. Profit on exchange rates difference .00
3. Interests/dividends
receivable/payable
322579.97
4. Profit on investment activities 446.68
5. Change of reserves
-106743.77
6. Change in invesntories -3419913.16
7. Change in accounts receivable -1765573.62
8. Change in short-term liabilities 548203.98
9. Change in prepaid items -478585.44
10. Other items .00
III.Net operating cash flow (I +/- II) -2010640.27
B. Investment cash
flow
-102622.64
I. Cash inflows from investment
activities
177000.00
1. Sale of intangible assets 177000.00
2. Sale of real-estate property and intang.
assets .00
3. Sale of financial assets .00
a) in related companies
.00
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted .00
- interests .00
- other inflows
.00
b) in other companies
.00
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted .00
- interests .00
- other inflows
.00
4. Other investment inflows .00
II. Cash outflows from investment
activities 279622.64
1. Acquired intangible and tangible fixed
assets 279622.64
2. Investments in real-estate and
intangible assets .00
3. On financial assets
.00
a) assets in related companies .00
b) assets in other companies .00
- financial assets acquired .00
- long-term loans granted .00
4. Other investment outflows .00
III. Net cash from invetsment activities -102622.64
C. Financial cash
flow
8598831.63
I. Inflows from financial activity 10389774.95
1. Net inflows from issuing shares, capital
instr. 10361414.25
2. Bank credits and loans
.00
3. Issue of debt securities .00
4. Other financial inflows
28360.70
II. Cash outflows from financial
activity
1790943.32
1. Own shares acquired
.00
2. Dividends and other payables to
owner .00
3. Payments, other than dividends,to
shareholders/owners 10361414.25
4. Bank credits and loan repaids 1249246.14
5. Debt securities and loans repaid .00
6. Resulted from financial leasing .00
7. Interests payable
214930.27
8. Interests 326766.91
9. Other financial outflows .00
III. Net financial cash flow 8598831.63
D. Total net cash flow (A.III +/- B.III +/- C.III) 6485568.72
- including due to the foreign exchanges
difference 6485568.72
F. Cash at the beginning of the year 317412.55
G. Cash at the end of the year (F +/- D) 6802981.27
INDEX
ANALYSE:
year 2007
CURRENT RATIO (CR)
Current Assets/Current liabilities 5.2373239
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities 3.2207575
CASH RATIO (SQR)
Cash/Current liabilities 1.8354973
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days 66.7377
CREDITORS DAYS/DAY'S SALES IN
RECEIVABLES
Current receivables/Turnover x 365 days 39.3072
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days 33.095
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 18.4%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO
I
Longterm liabilities/Equity capital 0.02361
LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO
II
Longterm liab./Equity cap.+Longterm liab. x
100% 2.3%
RETURN ON SALES (ROS)
Net profit/Turnover x 100% 6.1%
RETURN ON ASSETS (ROA) |
Net profit/Total assets x 100% 10.5%
RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100% 12.9%
LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x
100% 0.1101250
WORKING CAPITAL
Current assets-Current liabilities 15704972.76
WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x
100% 38.4%
HISTORICAL DATA
15 November 1992 - the firm was founded by two friends as "BONA" S.C. We packaged the first dried fruits and nuts in a private apartment (on the 3rd floor!).
1993 - activity is concentrated on trade in dried fruits and nuts, very dynamic
growth takes place along with a change in the name to "PH BONA"
Leszek Wasowicz. We move headquarters to a leased premises in Warsaw Sadyba.
1995 - We move headquarters to 50 m2 premises on ulica Łopuszanska.
We purchase the first automatic packing machine and hire the first full time
workers.
1997 - Headquarters again moved to the village of Koczargi Nowe near Warsaw, to
leased premises with an area of 200 m2. Rapid increases in sales
continue; we search for new customers We already have eight employees.
1998 - Growth of the firm forced us to change our location again. We lease 400
m2 of premises in Wygledy near Warsaw. We purchase two modern
packing machines Employment numbers 15 persons.
1999 - We search for new clients (supermarket chains); we open a branch in Lodz and Wielkopolska. We now employ 25 persons.
We purchase additional
machines, significantly increasing production efficiency and quality.
2000 - We purchased a parcel to build our own premises upon.
2001 - We lease an additional warehouse with 700 m2 designated for
final products. We start construction of our own headquarters.
2002 - We put into service a newly constructed production plant with an area of
1000 m2, in which we conduct confection of dried fruits and nuts.
The former plant is modernized, where we constructed a line for production of
poppy seed filling, assisted by several months of work by high class
specialists.
We purchase modern machines and start up production.
The plant is jokingly named “Poppyland” by employees.
The firm employs about 60 persons.
2003 - The firm operates two production plants with a total area of 2.500 m2;
offices are moved from ulica Stołeczna 26 to our own property. The poppy
seed filling produced at the "Poppyland" facility is an unquestioned
market success.
2004 - We expand
"Poppyland". We introduce the poppy seed filling in a can to the
market. Seasonally, the firm employs some 150 persons and occupies a total area
of 4.000 m2.
2005 - We complete construction of the new high-shelf warehouse with an area of
1.000 m2 and take steps for additional expansion.
Our products are distinguished by the "Consumer Golden Crown 2005"
award.
2007 – shares of Company are quoted on Warsaw Stock Exchange
Address data validity period: 2003/08/22 - 2006/08/25
PRZEDSIĘBIORSTWO HANDLOWE BONA SP. Z O.O.
WYGLĘDY, STOŁECZNA 26
05-083 ZABORÓW
Tel. 022/7961780
Fax. 022/7520921
http:// www.bona.com.pl
Basic data validity period: 2003/08/22 - 2006/08/25
Legal form: LIMITED LIABILITY COMPANY
Registering agency COURT OF COMMERCE WARSAW
Type : NATIONAL COURT REGISTER
Number KRS170905
Date of registration: 08/22/2003
PAYMENTS
No significant trade experience has been reported thus far
TRADE PARTNERS
Details not available
RELATED FIRMS
Note reported
PROCEDURES
Officially not available
ADDITIONAL INFORMATION
Any other information officially not available
BANK
BPH S.A.
CUSTOMERS/SUPPLIERS
CLIENT
TESCO (POLSKA) SPÓŁKA Z O.O.
Identifier CEN0155831CK
KAPELANKA 56
30-347 KRAKÓW
Tel. 012/2552500
Fax. 012/2552102
http:// www.tesco.pl
E-mail: wojtek_sokol@pl.tesco_europe.com
CLIENT
CARREFOUR POLSKA SP. Z O.O.
Identifier CEN0183024CK
TARGOWA 72
03-734 WARSZAWA
Tel. 022/5172110
Fax. 022/5172120
http:// www.carrefour.pl
E-mail: eblondea@carrefour.com
CLIENT
KAUFLAND POLSKA MARKETY SP. Z O.O.
Identifier CEN0203710CK
SZYBKA 6/10
50-421 WROCŁAW
Tel. 071/7880100
Fax. 071/7880501
http:// www.kaufland.pl
CLIENT
AUCHAN POLSKA SP. Z O.O.
Identifier CEN0036474CK
TECHNICZNA 2
05-500 PIASECZNO
Tel. 061/6648600
Fax. 022/7038600
http:// www.auchan.pl
E-mail: hr@auchan.pl
CLIENT
AHOLD POLSKA SP. Z O.O.
Identifier IBB0046501RK
ZAPOLSKIEJ 38
30-126 KRAKÓW
Tel. 012/6394189
Fax. 012/6394121
http:// www.ahold.pl
E-mail: komunikacja@ahold.pl
CLIENT
LIDL POLSKA SP. Z O.O.
Identifier CEN0188806CK
JANKOWICE, POZNAŃSKA 48
62-080 TARNOWO PODGÓRNE
Tel. 061/8967604
Fax. 061/8966300
http:// www.lidl.pl
E-mail: sekretariat@lidl.pl
CLIENT
POLOMARKET SP. Z O.O.
Identifier BYD0000016RK
GIEBNIA 20
88-170 PAKOŚĆ
Tel. 052/3548900
Fax. 052/3548930
http:// www.polomarket.pl
E-mail: poczta@polomarket.pl
CLIENT
DYSTRYBUTOR ARTYKUŁÓW SPOŻYWCZYCH BOS SA
Identifier CEN0183109CK
POROSŁY 70
16-070 CHOROSZCZ
Tel. 085/6645600
Fax. 085/6645658
http:// www.bos.com.pl
E-mail: marketing@bos.com.pl
CLIENT
EUROCASH SA
Identifier CEN0189287CK
WIŚNIOWA 11
62-052 KOMORNIKI
Tel. 061/6513300
Fax. 061/6513313
http:// www.eurocash.com.pl
E-mail: eurocash@eurocash.com.pl
CLIENT
FIRMA HANDLOWA SYGEL-JOOL SA
Identifier CEN0184178CK
BÓR 66 F
42-200 CZĘSTOCHOWA
Tel. 034/3660715
Fax. 034/3632053
http:// www.sygel-jool.com.pl
E-mail: biuro@sygel-jool.com.pl
CLIENT
MCLANE POLSKA SP. Z O.O.
Identifier CEN0019018CK
PASS 20C
05-870 BŁONIE
Tel. 022/7310242
Fax. 022/7310200
http:// www.mclane.pl
CLIENT
JERONIMO MARTINS DYSTRYBUCJA SA
Identifier POZ0031027RK
ŻNIWNA 5
62-025 KOSTRZYN WIELKOPOL
Tel. 061/6513003
Fax. 022/3513000
http:// www.biedronka.pl
E-mail: office2@jmpolska.com
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
Maximum Credit: 500.000 EUR
all figure quoted in PLN
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%)