MIRA INFORM REPORT

 

 

Report Date :

23rd January, 2007

 

IDENTIFICATION DETAILS

 

Name :

BOCHEMIE S.R.O.

 

 

Formerly Known As :

BOKON S.R.O.

 

 

Registered Office :

Lidická 326, 735 95 Bohumín, Czech Republic

 

 

Country :

Czech Republic

 

 

Financials (as on) :

2005

 

 

Date of Incorporation :

18.06.1992

 

 

Com. Reg. No.:

C 3763

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of pesticides and other agro-chemical products.

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EUR 802.000,00

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

COMPANY Name

 

 

 

BOCHEMIE S.R.O.

 

Address


Principal Address


Lidická 326
735 95 Bohumín
Czech Republic
Tel        : +420-596 091 111, +420-596 091 233
Fax       : +420-596 091 217
Email    : info@bochemie.cz
Internet : www.bochemie.cz

Registered office


Lidická 326
735 95 Bohumín
Czech Republic

 

 

Former company names


BOKON s.r.o., valid since 18.06.1992 valid until 30.03.1994
BOCHEMIE s.r.o., valid since 30.03.1994

 

 

Former company addresses


Former Registered office:
Českobratrská 19
701 00 Ostrava 1
Czech Republic

 

 

ICON number

 

4594140

 

 

National ID

 

47150611

 

VAT number

 

CZ47150611

 

 

Registration status

 

18.06.1992 - registered company

 

 

Activity status

 

18.06.1992 - active company

 

 

 

 

Date of Last Research 

 

22.01.2007

 

 

 

CREDIT INFORMATION SUMMARY

 

 

 

Insolvency Information

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

 

 

 

Maximum Credit

EUR 802.000,00

 

 

 

 

 

Payment Practices

Payments are made according to terms

 

 

 

Further Rating Information

Researched company is categorized as a big company.
Turnover volume of CZK 962.360.000 in the year 2005 increased by 12,74% compared with 2004. In the previous period this change was +10,07%.
Fixed assets increased by CZK 22.622.000 and are46,12% of total assets.
Working capital of CZK 259.855.000 increased for 32,24% compared with the last period.
Cash flow from results of CZK 146.962.000 increased by 207,50% compared with last year result.

 

 

 

Debt Collection

There is no record of any debt collection action by Coface Czech Credit Management Services, spol. s r.o. against this company exceeding a single case volume of EUR 500.

 

 

COMPANY DETAILS

 

 

 

 

Established

1992

 

 

 

Registration

No. C 3763
18.06.1992
Ostrava, Czech Republic

 

 

 

Legal Form

18.06.1992 limited liability company

 

 

 

Capital

CZK 20.400.000,00

 

Shareholders

Full Name

Function

Address

Equity

Ing. FUKALA Evžen

Partner
30.03.1994 - Present

Koperníkova 1205
735 31 Bohumín
Czech Republic

CZK 2.635.000,00

Ing. KRAUS Ladislav

Partner
30.03.1994 - Present

Vráblovec 1333
747 14 Ludgeřovice
Czech Republic

CZK 2.635.000,00

Ing. KUCLER Jiří

Partner
30.03.1994 - Present

Hovorčovická 15
180 00 Praha 8
Czech Republic

CZK 2.635.000,00

Ing. NOŽKA Karel

Partner
30.03.1994 - Present

Na úvoze 350
735 52 Bohumín - Záblatí
Czech Republic

CZK 2.635.000,00

PENSIMUSOVÁ Zdena

Partner
21.04.1997 - Present

Na úvoze 220
Bohumín-Záblatí
Czech Republic

CZK 2.634.000,00

Ing. KILNAR Jan

Partner
21.04.1997 - Present

Na Nivách 832
742 58 Příbor
Czech Republic

CZK 2.300.000,00

Ing. TVRDÍK Jan

Partner
30.03.1994 - Present

Želivského 44/1
500 02 Hradec Králové
Czech Republic

CZK 2.291.000,00

LOJKOVÁ Denisa

Partner
07.04.1999 - Present

Voříškova 5
Brno
Czech Republic

CZK 1.335.000,00

LOJKOVÁ Věra

Partner
07.04.1999 - Present

Voříškova 5
623 00 Brno, Kohoutovice
Czech Republic

CZK 1.300.000,00

 

Management

Full Name

Function

Address

Ing. FUKALA Evžen
30.03.1994 - Present

Managing Director

Koperníkova 1205
735 31 Bohumín
Czech Republic

Ing. KOTULIAK Miroslav
22.07.2006 - Present

Managing Director

Blatná 350
735 81 Bohumín-Skřečoň
Czech Republic

Ing. KRAUS Ladislav
30.03.1994 - Present

Managing Director

Vráblovec 1333
747 14 Ludgeřovice
Czech Republic

Ing. NOŽKA Karel
30.03.1994 - Present

Managing Director

Na úvoze 350
735 52 Bohumín - Záblatí
Czech Republic

Ing. VODIČKA Miloslav
22.06.2006 - Present

Managing Director

B. Smetany 24
370 01 České Budějovice
Czech Republic

 

Related Companies

 

 

 

 

 

 

shareholder of
BAS-FM, spol. s r.o. , Czech Republic , National ID: 46581499

subsidiary
BOCHEMIE Poland, s.r.o. , Poland

subsidiary
Bochemie Slovakia, s.r.o. , Slovakia , National ID: 31616305

subsidiary
EKOMOR, s.r.o. , Czech Republic , National ID: 48397571

subsidiary
HERBACOS-BOFARMA, s.r.o. , Czech Republic , National ID: 15061906

shareholder of
ORT - ART, s.r.o. , Czech Republic , National ID: 25854232

other relationship
TRADING BOCHEMIE, s.r.o. , Czech Republic , National ID: 60318325

shareholder of
Zakłady Chemiczne PERMEDIA S.A. , Poland , National ID: 712-01-50-875

 

 

KEY DATA ON OPERATIONS

 

 

 

 

Subject of OperatioN

NACE
 main activity
 2420 Manufacture of pesticides and other agro-chemical products

 5190 Other wholesale

production of chemical products

 

Key Data

Amounts shown in Czech Koruna (CZK)

 

2005

2004

2003

2002

Turnover

962.360.000

853.638.000

775.527.000

675.802.000

Fixed assets

383.819.000

361.197.000

331.108.000

307.653.000

Equity

622.947.000

512.269.000

460.348.000

456.201.000

Liabilities

209.224.000

206.853.000

202.374.000

190.377.000

Profit after taxation

178.461.000

76.800.000

72.901.000

75.497.000

Operating result - profit

115.787.000

81.869.000

85.004.000

96.056.000

 

 

2005

2004

2003

2002

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

21,45

10,68

11,00

11,64

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

28,65

14,99

15,84

16,55

 

Workforce

 

2006

2005

2004

2003

Total workforce

417

417

412

412

Number of freelancers

0

 

 

 

 

Motor Vehicles

 

2006

2005

2004

2003

Total number of vehicles

35

35

35

35

 

 

 

 

 

 

 

Leasing - 9 cars

 

Imports

Germany

Poland

Russian Federation

 

 

 

 

 

Exports

Germany

United Kingdom

Poland

Russian Federation

Slovakia

Ukraine

 

 

FINANCIAL INFORMATION

 

Financials

 

Amounts shown in Czech Koruna (CZK)  

2005

2004

2003

2002

 


Assets

 

 

TOTAL ASSETS

832.166.000,00

719.122.000,00

662.722.000,00

648.760.000,00

 

Fixed assets

383.819.000,00

361.197.000,00

331.108.000,00

307.653.000,00

 

Intangible fixed assets

2.895.000,00

6.278.000,00

3.975.000,00

2.020.000,00

 

Tangible fixed assets

322.843.000,00

276.006.000,00

254.899.000,00

231.812.000,00

 

Non-current financial assets

58.081.000,00

78.913.000,00

72.234.000,00

 

 

Current assets

442.843.000,00

352.408.000,00

326.307.000,00

333.694.000,00

 

Inventories

156.557.000,00

131.613.000,00

141.804.000,00

130.265.000,00

 

Long-term receivables

 

97.000,00

222.000,00

347.000,00

 

Short-term receivables

172.063.000,00

166.535.000,00

156.702.000,00

144.308.000,00

 

from that : Trade receivables

124.952.000,00

119.186.000,00

 

 

 

Liquid assets

114.223.000,00

54.163.000,00

27.579.000,00

58.774.000,00

 

Other assets

5.504.000,00

5.517.000,00

5.307.000,00

7.413.000,00

 


Equity & Liabilities

 

 

TOTAL LIABILITIES

832.166.000,00

719.122.000,00

662.722.000,00

648.760.000,00

 

Equity

622.947.000,00

512.269.000,00

460.348.000,00

456.201.000,00

 

Share capital

20.400.000,00

20.400.000,00

20.400.000,00

20.400.000,00

 

Capital funds

25.278.000,00

20.918.000,00

19.756.000,00

24.611.000,00

 

Statutory funds

72.546.000,00

71.983.000,00

72.494.000,00

72.899.000,00

 

Retained earnings

326.259.000,00

322.168.000,00

274.797.000,00

262.897.000,00

 

Profit or loss for the current period

178.461.000,00

76.800.000,00

72.901.000,00

75.497.000,00

 

LIABILITIES

209.224.000,00

206.853.000,00

202.374.000,00

190.377.000,00

 

Reserves

4.420.000,00

26.454.000,00

29.904.000,00

49.758.000,00

 

Long-term liabilities

16.816.000,00

17.500.000,00

18.080.000,00

3.938.000,00

 

Short-term liabilities

182.988.000,00

155.899.000,00

133.390.000,00

136.681.000,00

 

Bank loans and borrowings

5.000.000,00

7.000.000,00

21.000.000,00

 

 

Short-term bank credits and loans

2.000.000,00

2.000.000,00

21.000.000,00

 

 

Other liabilities

 

 

 

2.179.000,00

 

BALANCE SHEET TOTAL

832.166.000,00

719.122.000,00

662.722.000,00

648.760.000,00

 

 

Profit & Loss Account

Turnover

962.360.000,00

853.638.000,00

775.527.000,00

675.802.000,00

Change in internally produced inventory

6.681.000,00

6.766.000,00

2.953.000,00

8.628.000,00

Own work capitalized

2.995.000,00

3.069.000,00

3.466.000,00

3.108.000,00

Other operating revenues

26.284.000,00

16.133.000,00

11.533.000,00

97.052.000,00

Total operating income

998.320.000,00

879.606.000,00

793.479.000,00

784.590.000,00

Costs of sold goods

125.257.000,00

118.160.000,00

70.729.000,00

38.876.000,00

Purchased consumables and services

497.520.000,00

451.706.000,00

433.347.000,00

4.407.730.000,00

Staff costs

160.208.000,00

146.730.000,00

145.242.000,00

132.326.000,00

Taxes and charges

3.879.000,00

3.983.000,00

2.796.000,00

4.650.000,00

Depreciations of intangible and tangible assets

31.499.000,00

29.008.000,00

22.984.000,00

21.071.000,00

Other operating expenses

64.170.000,00

48.150.000,00

33.377.000,00

37.608.000,00

Total operating expenses

882.533.000,00

797.737.000,00

708.475.000,00

4.642.261.000,00

OPERATING PROFIT / LOSS

115.787.000,00

81.869.000,00

85.004.000,00

96.056.000,00

Financial income

100.414.000,00

31.556.000,00

53.150.000,00

33.167.000,00

Financial expenses

37.350.000,00

15.503.000,00

42.626.000,00

25.037.000,00

there of : Interest expenses

1.461.000,00

1.590.000,00

1.197.000,00

1.381.000,00

Extraordinary income

 

 

360.000,00

6.000,00

Extraordinary expenses

 

 

 

453.000,00

PROFIT/LOSS BEFORE TAX

178.851.000,00

97.922.000,00

72.901.000,00

70.023.000,00

Corporation income tax

390.000,00

21.122.000,00

22.987.000,00

29.766.000,00

PROFIT OR LOSS FOR THE CURRENT PERIOD

178.461.000,00

76.800.000,00

72.901.000,00

75.497.000,00

 

Partial Financials

 

 

Amounts shown in Czech Koruna (CZK)   2006

           

Equity & Liabilities

 

Share capital     20.400.000,00



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

The (official) balance sheet for 2005,2002,2001 includes mistakes in data structure or incorrect data.

 

 

 

Approximate Exchange Rate

2005: 29,784 CZK = 1 EUR
2004: 31,904 CZK = 1 EUR
2003: 31,844 CZK = 1 EUR
2002: 30,812 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

 

 

 

Bankers

ABN AMRO BANK
Praha

Československá obchodní banka, a. s.
Ostrava

Komerční banka, a.s. - Account no. 27202-761/0100
Bohumín

 

Ratios

 

2005

2004

2003

2002

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

2,39

2,23

2,11

2,44

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

1,55

1,40

1,19

1,49

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

0,62

0,34

0,18

0,43

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

21,45

10,68

11,00

11,64

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

28,65

14,99

15,84

16,55

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

65,26

71,21

73,75

77,94

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

69,40

66,66

62,78

73,82

Debt Ratio
(Liabilities / Total Liabilities) * 100

25,14

28,76

30,54

29,34

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 259.855.000,00

CZK 196.509.000,00

CZK 192.917.000,00

CZK 197.013.000,00


Average values of ratios of enterprises with 100 or more employees in the sector of manufacture of chemicals, chemical products and man-made fibres are following:

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

 


ADDITIONAL INFORMATION

 

 

 

Contact With Company:          

Name and surname: Mrs. Korejsová
Function: economist
Date: 22.01.2007
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/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