MIRA
INFORM REPORT
|
Report Date : |
23.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
FRANC GARDINER SPÓŁKA Z O.O. |
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Registered Office : |
Składowa 3, 58-100 Świdnica |
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Country : |
Poland |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
21.05.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of made-up textile articles, except apparel |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
ADDRESS DATA
FRANC GARDINER SPÓŁKA Z O.O.
SKŁADOWA 3
58-100 ŚWIDNICA
Tel. 074/8563750
Fax. 074/8563751
http:// ww.francgardiner.pl
E-mail: office@francgardiner.pl
BASIC DATA
REGONCODE 891431922
Nationwide Court Register KRS
0000119105
Legal form: LIMITED
LIABILITY COMPANY
Status: ACTIVE
Start of activity: 2002/05/21
Registering agency COURT
OF COMMERCE
Type : NATIONAL COURT REGISTER
Date of registration: 2002/06/20
NACE code 17.40
Manufacture of made-up textile articles, except apparel
NACE code 17.5
Manufacture of other textiles (rolles blind)
ORGANIZATIONAL-LEGAL
DATA
Register capital:
Value : 733000.00 PLN
Number of shares :
1466
SHAREHOLDER:
Surname :
FRANCKIEWICZ
Names : JERZY
PESEL :
61082401792
Citizenship : Poland
Addr.:
Country code : Poland
Value : 366500.00 PLN
Quant: 733
SHAREHOLDER:
GARDINEXPERTEN I KINNA AB
Identifier CEN0003788CZ
S
LYDDEVAGEN 8
51158 KINNA
Value : 366500.00 PLN
Quant: 733
MANAG.:
MEMBER OF THE BOARD
Representation : WITH ONE
ANOTHER/JOINTLY
Surname :
FRANCKIEWICZ
Names : JERZY
PESEL :
61082401792
Citizenship : Poland
Addr.:
Country code : Poland
Other directorships : shareholder, President of Bard - JTF PROPERTY
SPÓŁKA ZO.O.
Franc-Textil sp.z o.o.
MANAG.:
PRESIDENT OF THE BOARD
Representation : WITH ONE
ANOTHER/JOINTLY
Surname :
SZYMONOWICZ
Names : RAFAŁ
MARCIN
PESEL :
70110600979
Citizenship : Poland
Addr.:
Country code : Poland
Other directorships : shareholder, president of board - E4D SPÓŁKA
Z O.O.
PROXIES/PLENIPOTENTIAR.:
PROXY
Surname :
MILUSZKIEWICZ
Names : IRENA
PESEL :
47042411641
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
30-30 -
- 2005/01/01- 2005/12/31
REAL ESTATE
Real estate: GN GROUNDS
OWN: Area from to Value
- 613539.00
PLN
Real estate: BD BUILDINGS AND
CONSTRUCTIONS
OWN: Area from to Value
- 403887.00
PLN
FINANCIAL DATA
Financial
statement as on 2004/12/31 2005/12/31
ASSETS
A. Total non-current assets: 2325274.00 3893406.91
I.Intangible assets:
2078.00 3938.72
1.Costs of development activities: 0.00 0.00
2.Goodwill: 0.00 0.00
3.Other intangible fixed assets: 2078.00 3938.72
4.Prepayments for intangible
assets: 0.00 0.00
II.Fixed assets: 2323196.00 3609934.68
1.tangible fixed assets:
2076104.00 1751963.80
a)land: 503721.00 613539.82
b)buildings: 1004974.00 403887.75
c)machinery and equipment: 303465.00 140458.80
d)vehicles: 252225.00 562367.93
e)other tangible fixed assets:
11719.00 31709.50
2.Investments in progress: 247092.00 1857970.88
3.Investments in progress paid on
accounts:
0.00 0.00
III.Long-term receivables:
0.00 0.00
1.From related companies:
0.00 0.00
2.From other companies:
0.00 0.00
IV.Long-term investments: 0.00 209921.51
1.Real-estate property:
0.00 0.00
2.Intangible assets:
0.00 0.00
3.Long-term financial assets:
0.00 209921.51
a)in related companies:
0.00 209921.51
- shares: 0.00 209921.51
- other commercial papers:
0.00 0.00
- provided loans:
0.00 0.00
- other long-term financial
assets:
0.00 0.00
b)in other companies:
0.00 0.00
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans:
0.00 0.00
- other long-term financial
assets: 0.00 0.00
4.Other long-term investments:
0.00 0.00
V.Long-term interperiod settlements: 0.00 69612.00
1.Assets from deffered income tax: 0.00 69612.00
2.Others:
0.00 0.00
B. Current assets: 10258489.00 18347146.55
I.Inventory
6405861.00 7849833.61
1.Materials: 5395325.00 5880680.13
2.Semi-products and work in
progress:
0.00 0.00
3.Finished goods:
773168.00 762489.87
4.Products: 65321.00 593628.80
5.Advance payment for delivery:
172047.00 613034.81
II.Accounts receivable:
3131651.00 10156542.14
1.From related companies:
0.00 23994.43
a)trade receivables:
0.00 23994.43
- within 12 months:
0.00 23994.43
- more than 12 months:
0.00 0.00
b)others: 0.00 0.00
2.From other companies: 3131651.00 10132547.71
a)trade receivables:
2990010.00 6167058.15
- within 12 months:
2990010.00 6167058.15
- more than 12 months:
0.00 0.00
b)tax and social receivables:
141512.00 716167.34
c)other receivables:
129.00 3246322.22
d)accounts receiv. result. from
disputable claims:
0.00 0.00
III.Short-term investments:
707300.00 306238.32
1.Short-term financial assets:
707300.00 306238.32
a)in related companies: 0.00 0.00
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans: 0.00 0.00
- other short-term financial
assets:
0.00 0.00
b)in other companies:
0.00 0.00
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans: 0.00 0.00
- other short-term financial
assets:
0.00 0.00
c)cash and other cash assets:
707300.00 306238.32
- cash in hand and at bank: 707300.00 306238.32
- other cash means:
0.00 0.00
- other cash assets: 0.00 0.00
2.Other short-term investments:
0.00 0.00
IV.Short-term interperiod settlements: 13677.00 34532.48
Total assets
(A+B): 12583763.00 22240553.46
LIABILITIES
A. Net worth:
6760712.00 15449317.76
I.Issued capital:
733000.00 733000.00
II.Outstanding but unpaid contribution for
share: 0.00 0.00
III.Entity's own capital (negative): 0.00 0.00
IV.Reserve capital:
0.00 6027712.60
V.Revaluation reserve:
0.00 0.00
VI.Other reserve capitals: 3135877.00 0.00
VII.Profit/loss brutto forward:
0.00 0.00
VIII.Net financial result for the year: 6191835.00
8688605.16
IX.Write-offs from net profit: |
-3300000.00 0.00
B.Liabilities & reserves:
5823051.00 6791235.70
I.Reserve for liabilities:
7650.00 4764.00
1.Reserves for deffered income tax: 7650.00 4764.00
2.Reserves for retirement and
similar:
0.00 0.00
- long-term:
0.00 0.00
- short-term: 0.00 0.00
3.Other reserves:
0.00 0.00
- long-term:
0.00 0.00
- short-term:
0.00 0.00
II.Long-term liabilities:
246392.00 733763.81
1.To related companies: 0.00 0.00
2.To other companies:
246392.00 733763.81
a)credits and loans:
0.00 12000.00
b)commercial papers:
0.00 0.00
c)other financial liabilities:
0.00 549003.80
d)other long-term liabilities: 246392.00 172760.01
III.Short-term liabilities:
5569009.00 6052707.89
1.To related companies:
9750.00 77124.62
a)trade payable: 9750.00 77124.62
- within 12 months:
9750.00 77124.62
- more than 12 months:
0.00 0.00
b)other:
0.00 0.00
2.To other companies:
5556596.00 5942847.40
a)bank loans: 260000.00 1047098.11
b)commercial papers:
0.00 0.00
c)other financial liabilities:
0.00 0.00
d)trade payables: 2993086.00 4263220.16
- within 12 months:
2993086.00 4263220.16
- more than 12 months: 0.00 0.00
e)supplies paid on account:
0.00 0.00
f)notes payable:
0.00 0.00
g)tax & social securities:
374077.00 314339.77
h)payroll payable:
113847.00 170532.91
i)other short-term liabilities: 1815586.00 147656.45
3.Special funds:
2663.00 32735.87
IV.Accrued liabilities:
0.00 0.00
1.Negative goodwill: 0.00 0.00
2.Other:
0.00 0.00
- long-term: 0.00 0.00
- short-term:
0.00 0.00
Total liabilties (A+B):
12583763.00 22240553.46
Profit and loss account
(comp) 2004/12/31 2005/12/31
2004/01/01 2005/01/01
A. Net sales of goods and products: 47550956.00 56521594.23
- including to related companies 216063.00 607305.28
I.Net sales of products: 46406372.00 54453318.69
II.Change of products :
356542.00 -10678.18
III.Costs of production:
0.00 61157.77
IV.Net sale of goods and materials: 788042.00 2017795.95
B. Operation expenses:
39624808.00 45225990.72
I. Depreciation: 1401304.00 1336485.78
II. Costs of materials and energy: 31971971.00 35263559.64
III. Outside services:
1559677.00 1934064.48
IV.Taxes : 126774.00 157124.22
- including excise taxes:
0.00 0.00
V. Salaries: 2616121.00 3474659.59
VI.
Social taxes & related: 605026.00 769474.40
VII. Other:
785589.00 901820.50
VIII. Goods and materials sold: 558346.00 1388802.11
C. Profit (loss) on sale (A-B):
7926148.00 11295603.51
D. Other operation incomes:
37986.00 319579.37
I.Profit from sale of tangible assets: 1633.00 0.00
II.Grants & subsidies:
25155.00 0.00
III.Other:
11198.00 319579.37
E. Other operating costs:
84188.00 337431.89
I.Loss from sale of tangible assets: 0.00 0.00
II.Revaluation of non-financial assets: 31114.00 0.00
III.Other:
53074.00 337431.89
F. Profit from operating activity
(C+D-E):
7879946.00 11277750.99
G. Financial income: 35031.00 1735.62
I. Dividends: 0.00 0.00
- from subisdiaries and affiliates: 0.00 0.00
II.Interest receivable: 756.00 172.68
- from subisdiaries and affiliates: 0.00 0.00
III.Profits from investment
transfeered: 0.00 0.00
IV.Revaluation of investments:
0.00 0.00
V.Other:
34275.00 1562.94
H. Financial costs: 264846.00 535873.45
I.Interest payable including:
194681.00 126991.64
- to related companies:
0.00 0.00
II.Loss from invetsments transffered: 0.00 0.00
III.Revaluation of investments:
0.00 0.00
IV.Other: 70165.00 408881.81
I. Profit (loss) from economic activity
(F+G-H):
7650131.00 10743613.16
J. Extraordinary items (J.I-J.II):
0.00 0.00
I.Extraordinary incomes: 0.00 0.00
II.Extraordinary losses:
0.00 0.00
K. Gross profit for the year (I+/-J): 7650131.00 10743613.16
L. Corporate income tax:
1450646.00 2127506.00
M. Other obligatory charges:
7650.00 -72498.00
N. Net profit for the year (K-L-M): 6191835.00 8688605.16
INDEX ANALYSE
year 2004 2005
|
CURRENT RATIO (CR)
Current Assets/Current liabilities 1.8420672 3.0312295
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities
0.6917978 1.7343168
CASH RATIO (SQR)
Cash/Current liabilities
0.1270064 0.0505953
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days
49.1712 50.6919
CREDITORS DAYS/DAY'S SALES IN
RECEIVABLES
Current receivables/Turnover x 365 days 24.0385 65.5880
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days 42.748 39.087
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 46.3% 30.5%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO I
Longterm liabilities/Equity capital 0.03644 0.04749
LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO
II
Longterm liab./Equity cap.+Longterm liab. x
100% 3.5% 4.5%
RETURN ON SALES (ROS)
Net profit/Turnover x 100%
13.0% 15.4%
RETURN ON ASSETS (ROA)
|
Net profit/Total assets x 100% 49.2% 39.1%
RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100% 91.6% 56.2%
LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x
100%
0.0423689 0.1081215
WORKING CAPITAL
Current assets-Current liabilities 4689480.00
12294438.66
WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x
100% 9.9% 21.8%
HISTORICAL DATA
Shares history validity period: 2002/11/26 - 2003/12/30
SHAREHOLDER:
GARDINEXPERTEN I KINNA AB
Identifier CEN0003788CZ
S
LYDDEVAGEN 8
51158 KINNA
Value : 363000.00 PLN
Quant: 726
Shares history validity period: 2002/11/26 - 2003/12/30
SHAREHOLDER:
Surname :
FRANCKIEWICZ
Names : JERZY
PESEL :
61082401792
Citizenship : Poland
Addr.:
Country code : Poland
Value : 370000.00 PLN
Quant: 740
Shares history validity period: 2002/05/21 - 2002/11/26
SHAREHOLDER:
Surname :
FRANCKIEWICZ
Names : JERZY
PESEL :
61082401792
Citizenship : Poland
Addr.:
Country code : Poland
Value : 600000.00 PLN
Quant: 1200
Shares history validity period: 2002/05/21 - 2002/11/26
SHAREHOLDER:
GARDINEXPERTEN I KINNA AB
Identifier CEN0003788CZ
S
LYDDEVAGEN 8
51158 KINNA
Value : 133000.00 PLN
Quant: 266
Function history validity period: 2002/05/21 - 2005/05/20
FUNCTION ACTING :
BOARD
PRESIDENT OF THE BOARD
Surname :
FRANCKIEWICZ
Names : JERZY
PESEL :
61082401792
Citizenship : Poland
Addr.:
Country code : Poland
PAYMENTS
No significant trade experience has been reported thus far
TRADE PARTNERS
PARTNER:
GARDINEXPERTEN I KINNA AB
Identifier CEN0003788CZ
S
LYDDEVAGEN 8
51158 KINNA
RELATED FIRMS
RELATED FIRMS:
E4D SPÓŁKA Z O.O.
Identifier NSA0028170RK
SKŁADOWA 3
58-100 ŚWIDNICA
Tel. 074/8563750
Fax. 074/8563751
RELATED FIRMS:
JTF PROPERTY SPÓŁKA
ZO.O.
Identifier NSA0028270RK
BYSTRZYCKA 7A
58-100 ŚWIDNICA
RELATED FIRMS:
FRANC-TEXTIL SPÓŁKA Z O.O.
Identifier OPO0022962RK
PRZEMYSŁOWA 10
58-130 ŻARÓW
Tel. 074/8518770
Fax. 074/8518770
http:// www.franctextil.pl
E-mail: office@franctextil.pl
PROCEDURES
Officially not available
ADDITIONAL
INFORMATION
Any other information officially not available
BANK
Officially not available
CUSTOMERS/SUPPLIERS
Officially not available
CONTACT WITH THE
COMPANY
When directly contacted representative of the company Mr Rafał
Szymonowicz declined to present any additional data
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
˙
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%)