MIRA
INFORM REPORT
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Report Date : |
10.07.2007 |
IDENTIFICATION DETAILS
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Name : |
LONGA PRIMA OOD |
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Registered Office : |
BG - 1407 |
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Country : |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
13151/92 |
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Legal Form : |
Limited Liability Company (OOD) |
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Line of Business : |
Trade with cocoa and palm oil. |
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 : |
EUR 130 000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
LONGA PRIMA OOD
BG - 1407
Tel: (359 2) 9626390
Fax: (359 2) 8682262
E-mail: longa@techno-link.com
ESTABLISHMENT
1992
REGISTRATION
Subject is registered in 1992 in
LEGAL FORM
Limited Liability
Company (OOD)
CAPITAL
BGN 5 000,-
SHAREHOLDERS
LYUBOMIR VASILEV ILCHEV - 50,00%
ID 6212036482 born 03.12.1962 SOKOL GRIGOROV SOKOLOV - 50,00%
ID 6212076926 born 07.12.1962
MANAGEMENT
LYUBOMIR VASILEV ILCHEV - Manager
ID 6212036482 born 03.12.1962 SOKOL GRIGOROV SOKOLOV - Manager
ID 6212076926 born 07.12.1962
SUBJECT OF OPERATION
Trade with cocoa and palm oil.
Exclusive representative for
Branches
TRADE CENTER
stock market
"Kara"
No 4 - 7 bul. "Prof.Tsvetan Lazarov", stock No 107;
phone/fax: (+ 359 2) 974 55 85;
GSM: (359 887) 78 99 36;
TRADE CENTER
No 1 "Akademik Kurchatov" str.;
Stokovo Tarjishte "Lazur", stock No 10;
phone/fax: (+ 359 52) 50 50 49;
GSM: (359 888) 15 13 97;
TRADE CENTER
Komatevo
region, "Okolovrastno shose"
komplex "Trans Kikiov";
phone/fax: (+ 359 32) 67 72 24;
GSM: (359 887) 95 62 76;
Gorna
Oriahovitza
No 44 "Sveti
Kniaz Boris І"
Targovia na edro I
drebno
phone/fax: (+359
618) 6 00 86;
GSM: (359 889) 71
57 98;
RELATED FIRMS
VAMKO 94, SOLERO, DECOPAINT 2000
EXPORTS
None
IMPORTS
MY, PL, NL, ES, CZ, BE, DE
TURNOVER
2000: BGN 2.570.000
2001: BGN 3.222.000
2002: BGN 4.753.000
2003: BGN 6.489.000
2004: BGN 7.345.000
2005: BGN 8.632.000
2005: BGN 9.000.000
(estimated)
EMPLOYEES
29
PAYMENTS
Payments are mainly
according to conditions.
ASSESSMENT
Financial position
appears in order
MAXIMUM CREDIT
EUR 130
000,-
Exchange since for 1998 BGN (denominated lev) = 0.51 EUR
|
BALANCE SHEET in
BGN'000 |
2002 |
2003 |
2004 |
2005 |
|
1. Land |
4 |
4 |
4 |
4 |
|
2. Buildings |
|
|
91 |
267 |
|
3. Machines |
6 |
10 |
15 |
12 |
|
4. Equipment |
|
10 |
8 |
6 |
|
5. Vehicles |
89 |
99 |
109 |
105 |
|
6. Improvements of the land |
|
|
0 |
0 |
|
7. Other fixed tangible |
43 |
1 |
1 |
3 |
|
8. Expenses of acquisition of Fixed Tangible
Assets |
|
|
0 |
0 |
|
I Fixed Tangible Assets Total: |
142 |
124 |
228 |
397 |
|
1. Patents |
|
|
0 |
0 |
|
2. Software |
3 |
1 |
0 |
9 |
|
3. R&D Products |
|
|
0 |
0 |
|
4. Other Fixed Intangible Assets |
|
|
0 |
0 |
|
II Fixed Intangible Assets Total: |
3 |
1 |
0 |
9 |
|
1. Shares in |
|
|
0 |
0 |
|
-daughter companies |
|
|
0 |
0 |
|
-joint ventures |
|
|
0 |
0 |
|
-associated companies |
|
|
0 |
0 |
|
-other companies |
|
|
0 |
0 |
|
2. Investment Property |
|
|
0 |
0 |
|
3.Other securities |
|
|
0 |
0 |
|
4. Long term receivables from |
|
|
0 |
0 |
|
-related companies |
|
|
0 |
0 |
|
-trade loans |
|
|
0 |
0 |
|
-others |
|
|
0 |
0 |
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III. Fixed Financial Assets Total |
|
|
0 |
0 |
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1. Positive Goodwill |
|
|
0 |
0 |
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2. Negative Goodwill |
|
|
0 |
0 |
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IV. Goodwill Total |
|
|
0 |
0 |
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V. Deferred Expenses |
|
2 |
20 |
36 |
|
A. FIXED ASSETS TOTAL |
145 |
127 |
248 |
442 |
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1. Materials |
|
|
0 |
0 |
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2. Production |
|
|
0 |
0 |
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3. Trading goods |
542 |
645 |
636 |
1526 |
|
4. Young animals |
|
|
0 |
0 |
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5. Production animals |
|
|
0 |
0 |
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6. Work in progress |
|
|
0 |
0 |
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7. Other inventories |
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|
5 |
1 |
|
I. Inventories Total |
542 |
645 |
641 |
1527 |
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1. Receivables from related companies |
|
|
0 |
0 |
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2. Receivables from customers and suppliers |
377 |
727 |
500 |
779 |
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3. Receivables from trade loans |
|
|
0 |
0 |
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4. Receivables stated by court |
11 |
10 |
11 |
11 |
|
5. Receivables taxes for reimbursement |
29 |
4 |
2 |
94 |
|
6. Receivables other current receivables |
1 |
7 |
112 |
173 |
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II. Current receivables Total |
418 |
748 |
625 |
1057 |
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1. Current investments in related companies |
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|
0 |
0 |
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2. Bought back own shares |
|
|
0 |
0 |
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3. Current securities |
|
|
0 |
0 |
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4. Noble metals and precious stones |
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|
0 |
0 |
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5. Other current financial assets |
|
|
0 |
2 |
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III. Current Financial Assets Total |
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|
0 |
2 |
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1. Cash |
10 |
13 |
5 |
12 |
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thereof foreign currency |
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|
0 |
0 |
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2. Current accounts |
152 |
97 |
120 |
216 |
|
thereof foreign currency |
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|
11 |
2 |
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3. Blocked accounts |
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|
0 |
0 |
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thereof foreign currency |
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|
0 |
0 |
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4. Other cash equivalent |
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|
0 |
0 |
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IV. Cash equivalents Total |
162 |
110 |
125 |
228 |
|
V. Deferred expenses |
|
|
5 |
0 |
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B. CURRENT ASSETS TOTAL |
1122 |
1503 |
1396 |
2814 |
|
TOTAL ASSETS |
1267 |
1630 |
1644 |
3256 |
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C. OFF-BALANCE ASSETS |
173 |
263 |
2 |
0 |
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1. Subscribed and paid capital |
38 |
38 |
38 |
38 |
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a/share capital |
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|
0 |
0 |
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thereof traded on the stock exchange |
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|
0 |
0 |
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thereof not traded on the stock
exchange |
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|
0 |
0 |
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b/other capital |
38 |
38 |
38 |
38 |
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2. Subscribed and unpaid capital |
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|
0 |
0 |
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3. Bought back own shares |
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|
0 |
0 |
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I. Share capital Total |
38 |
38 |
38 |
38 |
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1. Issue premium |
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0 |
0 |
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2. Revaluation reserves |
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|
0 |
0 |
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3. Other reserves |
9 |
9 |
9 |
9 |
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General reserves |
|
9 |
9 |
9 |
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Special reserves |
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|
0 |
0 |
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Others |
9 |
|
0 |
0 |
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II. Reserves Total |
9 |
9 |
9 |
9 |
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1. Accumulated profit (loss) |
21 |
97 |
274 |
343 |
|
Undistributed profit |
21 |
97 |
274 |
343 |
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Uncovered loss |
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|
0 |
0 |
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2. Current profit |
100 |
177 |
69 |
37 |
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2. Current loss |
|
|
0 |
0 |
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III. Financial result Total |
121 |
274 |
343 |
380 |
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А. OWNERS’ EQUITY TOTAL |
168 |
321 |
390 |
427 |
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1. to related companies |
|
|
0 |
0 |
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2.to financial institutions |
|
|
0 |
0 |
|
Thereof banks |
|
|
0 |
0 |
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3. to trade loans |
|
111 |
0 |
0 |
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4. bond-secured loans |
|
|
0 |
0 |
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5. deferred taxes |
|
|
0 |
0 |
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6. others |
65 |
36 |
194 |
325 |
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I. Long term payables Total |
65 |
147 |
194 |
325 |
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II. Deferred income |
|
0 |
0 |
0 |
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B. LONG TERM LIABILITIES TOTAL |
65 |
147 |
194 |
325 |
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1. Payables to related companies |
|
|
0 |
0 |
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2. Payables to financial institutions |
|
198 |
159 |
525 |
|
Thereof banks |
|
198 |
159 |
525 |
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3. Payables to suppliers and clients |
797 |
821 |
819 |
1939 |
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4. Payables to trade loans |
|
|
0 |
0 |
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5. Payables to personnel |
6 |
5 |
7 |
10 |
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6. Payables to social security |
2 |
2 |
3 |
2 |
|
7. Payables to state budget (taxes) |
40 |
79 |
62 |
21 |
|
8. Payables others |
189 |
57 |
10 |
7 |
|
9. Payables provisions |
|
|
0 |
0 |
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I. Short term payables Total |
1034 |
1162 |
1060 |
2504 |
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II. Deferred income |
|
|
0 |
0 |
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C. CURRENT LIABILITIES TOTAL |
1034 |
1162 |
1060 |
2504 |
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TOTAL EQUITY AND
LIABILITIES |
1267 |
1630 |
1644 |
3256 |
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D. OFF-BALANCE LIABILITIES |
173 |
263 |
2 |
0 |
|
P&L ACCOUNT
in BGN'000 |
2002 |
2003 |
2004 |
2005 |
|
1. for materials |
34 |
40 |
54 |
69 |
|
2. for services |
242 |
365 |
406 |
416 |
|
3. depreciation |
31 |
53 |
64 |
81 |
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4. wages |
58 |
79 |
90 |
103 |
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5. social security |
20 |
25 |
30 |
28 |
|
6. others |
92 |
91 |
102 |
76 |
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Thereof devaluation of assets |
17 |
|
0 |
0 |
|
Thereof provisions |
|
|
0 |
0 |
|
I. Expenses on economic elements TOTAL |
477 |
653 |
746 |
773 |
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1.Book value of sold assets (without production) |
4145 |
5620 |
6486 |
7639 |
|
2.Expenses on acquisition of assets |
|
|
0 |
0 |
|
3. Decrease of inventories |
|
|
0 |
0 |
|
4. Increase of animals |
|
|
0 |
0 |
|
5. other correction sums |
|
|
0 |
0 |
|
II. Correction sums TOTAL |
4145 |
5620 |
6486 |
7639 |
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1. Paid interest |
16 |
23 |
38 |
59 |
|
Thereof interest to related
companies |
|
|
0 |
0 |
|
2. Expenditures for securities operations |
|
|
0 |
0 |
|
3. Exchange rate lossess |
8 |
32 |
41 |
121 |
|
4. others |
24 |
34 |
35 |
44 |
|
III. Financial expenditures TOTAL |
48 |
89 |
114 |
224 |
|
B. Total operation expenses (
I+II+III) |
4670 |
6362 |
7346 |
8636 |
|
C. Profit on ordinary activity |
138 |
229 |
93 |
50 |
|
IV. Extraordinary expenses |
|
|
0 |
0 |
|
D. Total expenses (B + IV) |
4670 |
6362 |
7346 |
8636 |
|
E. Accounting profit |
138 |
229 |
93 |
50 |
|
1. Profit tax |
38 |
52 |
24 |
13 |
|
2. Other taxes |
22 |
52 |
24 |
13 |
|
V. Taxation TOTAL |
16 |
|
0 |
0 |
|
F. Net profit ( E - V ) |
100 |
177 |
69 |
37 |
|
Total expenses |
4808 |
6591 |
7439 |
8686 |
|
1. Net sales of Production |
|
|
0 |
0 |
|
2. Net sales of trading goods |
4713 |
6489 |
7245 |
8590 |
|
3. Net sales of Materials |
|
|
0 |
0 |
|
3. Net sales of services |
|
|
0 |
0 |
|
4. Net sales of others |
40 |
|
100 |
42 |
|
I. Net sales TOTAL: |
4753 |
6489 |
7345 |
8632 |
|
subsidies from the government |
|
|
0 |
0 |
|
II. Revenues from subsidies TOTAL |
|
|
0 |
0 |
|
1. Interest revenues |
|
|
1 |
0 |
|
Thereof interest from related companies |
|
|
0 |
0 |
|
2. Revenues from shares |
|
|
0 |
0 |
|
Thereof dividends |
|
|
0 |
0 |
|
3. Revenues from securities operation |
|
|
0 |
0 |
|
4. Exchange rate revenues |
55 |
102 |
93 |
54 |
|
5.Other financial revenues |
|
|
0 |
0 |
|
III. Financial revenues TOTAL |
55 |
102 |
94 |
54 |
|
B. Total operation revenues
(I+II+III) |
4808 |
6591 |
7439 |
8686 |
|
C. Loss |
|
|
0 |
0 |
|
IV. Extraordinary revenues |
|
|
0 |
0 |
|
D. Total (B + IV) |
4808 |
6591 |
7439 |
8686 |
|
E. Accounting loss |
|
|
0 |
0 |
|
F. Net loss (D + V ) |
|
|
0 |
0 |
|
TOTAL (D + F) |
4808 |
6591 |
7439 |
8686 |
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%)