MIRA
INFORM REPORT
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Report Date : |
01.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
PRZEDSIĘBIORSTWO HANDLOWO-USŁUGOWE TEX SPÓŁKA Z O.O. |
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Registered Office : |
Długa 29 Lok.209, 00-238 Warszawa |
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Country : |
Poland |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
2004/06/09 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Preparation and spinning of cotton-type fibres Preparation and spinning of flax-type fibres |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & ADDRESS DATA
PRZEDSIĘBIORSTWO HANDLOWO-USŁUGOWE TEX SPÓŁKA Z O.O.
DŁUGA 29 LOK.209
00-238 WARSZAWA
Tel. 022/8315544, 042/6593640
Fax. 042/6592411
BASIC DATA
REGONCODE 015747820
VAT: 525-23-03-671
Legal form: LIMITED LIABILITY COMPANY
Status: ACTIVE
Start of activity: 2004/06/09
Registering agency COURT OF COMMERCE, WARSAW
Type : NATIONAL COURT REGISTER
Date of registration: 2004/06/09
NACE code 17.11
Preparation and spinning of cotton-type fibres
NACE code 17.14
Preparation and spinning of flax-type fibres
NACE code 17.2
Textile weaving
NACE code 51.16
Agents involved in the sale of textiles, clothing, footwear and leather good
ORGANIZATIONAL-LEGAL DATA
Register capital:
Value : 800000.00 PLN
Number of shares: 7750
SHAREHOLDER:
Surname : PIETRZYK
Names : MARIOLA KRYSTYNA
PESEL : 59072403387
Citizenship : Poland
Addr.:
Country code : Poland
City : SKOTNIKI
Street : BAROWA 52/54
Value : 300000.00 PLN
Quant: 3000
SHAREHOLDER:
Surname : PIETRZYK
Names : ADAM WIESŁAW
PESEL : 56061102896
Citizenship : Poland
Addr.:
Country code : Poland
City : WARSZAWA
Street : ŁUCKA 20 M.81
Value : 250000.00 PLN
Quant: 2250
SHAREHOLDER:
Surname : PIETRZYK
Names : TOMASZ
PESEL : 85042804016
Citizenship : Poland
Addr.:
Country code : Poland
City : SKOTNIKI
Street : BAROWA 52/54
Value : 250000.00 PLN
Quant: 2250
SHAREHOLDER:
Surname : MĘCINA
Names : PAWEŁ
PESEL : 55080405193
Citizenship : Poland
Addr.:
Country code : Poland
City : ŁÓDŹ
Street : RYSOWNICZA 28 M.6
Value : 25000.00 PLN
Quant: 250
MANAG.:
PRESIDENT OF THE BOARD
Representation : SOLE SIGNATURE
Surname : KOLBA
Names : JACEK MAREK
PESEL : 75042008114
Citizenship : Poland
Addr.:
Country code : Poland
PROXIES/PLENIPOTENTIAR. :
PROXY
Surname : PIETRZYK
Names : ADAM WIESŁAW
PESEL : 56061102896
Citizenship : Poland
Addr.:
Country code : Poland
City : WARSZAWA
Street : ŁUCKA 20 M.81
PROXIES/PLENIPOTENTIAR.:
PROXY
Surname : PIETRZYK
Names : MARIOLA KRYSTYNA
PESEL : 59072403387
Citizenship : Poland
Addr.:
Country code : Poland
City : SKOTNIKI
Street : BAROWA 52/54
SHARES IN OTHER COMPANIES
No data
EMPLOYMENT
Total (MIN MAX) Productive(MIN MAX) Unprod.(MIN MAX) DATE FROM DATE TO
23-23 - - 2006/01/01-2006/12/31
23-23 - - 2005/01/01-2005/12/31
REAL ESTATE
Real estate: BD BUILDINGS AND CONSTRUCTIONS
OWN: Area from to Value Cur Number of mortgage reg.
- 57665.73 PLN
SALES
2006/01/01 - 2006/12/31 22663665.52
2005/01/01 - 2005/12/31 1525496.32
FINANCIAL DATA
Financial
statement 2005/12/31 2006/12/31
ASSETS
A. Total non-current assets:
77568.54 124772.99
I.Intangible assets:
0.00 0.00
1.Costs of development activities: 0.00 0.00
2.Goodwill: 0.00 0.00
3.Other intangible fixed assets: 0.00 0.00
4.Prepayments for intangible assets: 0.00 0.00
II.Fixed assets: 76353.63 123320.09
1.tangible fixed assets: 76353.63 123320.09
a)land:
0.00 0.00
b)buildings: 11780.42 57665.73
c)machinery and equipment:
64573.21 6614.12
d)vehicles: 0.00 59040.24
e)other tangible fixed assets: 0.00 0.00
2.Investments in progress:
0.00 0.00
3.Investments in progress paid on
accounts:
0.00 0.00
III.Long-term receivables: 1214.91 1452.90
1.From related companies:
0.00 0.00
2.From other companies:
1214.91 1452.90
IV.Long-term investments:
0.00 0.00
1.Real-estate property:
0.00 0.00
2.Intangible assets: 0.00 0.00
3.Long-term financial assets:
0.00 0.00
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 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 0.00
1.Assets from deffered income tax: 0.00 0.00
2.Others:
0.00 0.00
B. Current assets: 16097608.02 18056420.27
I.Inventory
11664212.74 12535838.97
1.Materials: 0.00 0.00
2.Semi-products and work in
progress:
0.00 0.00
3.Finished goods:
0.00 0.00
4.Products: 11664212.74 12312300.52
5.Advance payment for delivery:
0.00 223538.45
II.Accounts receivable:
3813169.79 2741836.45
1.From related companies:
0.00 0.00
a)trade receivables:
0.00 0.00
- within 12 months: 0.00 0.00
- more than 12 months:
0.00 0.00
b)others: 0.00 0.00
2.From other companies:
3813169.79 2741836.45
a)trade receivables:
1790184.52 2466885.42
- within 12 months: 1790184.52 2466885.42
- more than 12 months:
0.00 0.00
b)tax and social receivables:
2022985.27 156182.86
c)other receivables:
0.00 35.50
d)accounts receiv. result. from
disputable claims: 0.00 118732.67
III.Short-term investments:
562228.54 2483425.71
1.Short-term financial assets:
562228.54 2483425.71
a)in related companies: 0.00 19525.71
- shares: 0.00 19525.71
- 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: 562228.54 2463900.00
- cash in hand and at bank:
562228.54 2463900.00
- 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: 57996.95 295319.14
Total assets
(A+B): 16175176.56 18181193.26
LIABILITIES
A. Net worth: 1243229.45 2124059.00
I.Issued capital:
800000.00 800000.00
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 0.00
V.Revaluation reserve: 0.00 0.00
VI.Other reserve capitals:
0.00 0.00
VII.Profit/loss brutto forward:
386792.33 423978.05
VIII.Net financial result for the year: 56437.12 900080.95
IX.Write-offs from net profit: |
0.00 0.00
B.Liabilities & reserves:
14931947.11 16057134.26
I.Reserve for liabilities:
0.00 164383.07
1.Reserves for deffered income tax: 0.00 164383.07
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:
0.00 0.00
1.To related companies:
0.00 0.00
2.To other companies:
0.00 0.00
a)credits and loans: 0.00 0.00
b)commercial papers:
0.00 0.00
c)other financial liabilities:
0.00 0.00
d)other long-term liabilities:
0.00 0.00
III.Short-term liabilities:
14931947.11 15817871.15
1.To related companies: 0.00 0.00
a)trade payable:
0.00 0.00
- within 12 months:
0.00 0.00
- more than 12 months:
0.00 0.00
b)other:
0.00 0.00
2.To other companies:
14931947.11 15817871.15
a)bank loans: 0.00 942964.80
b)commercial papers:
0.00 0.00
c)other financial liabilities: 0.00 2482600.00
d)trade payables:
14870551.03 12361001.81
- within 12 months:
14870551.03 12361001.81
- 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:
61396.08 31304.54
h)payroll payable:
0.00 0.00
i)other short-term liabilities: 0.00 0.00
3.Special funds:
0.00 0.00
IV.Accrued liabilities:
0.00 74880.04
1.Negative goodwill:
0.00 0.00
2.Other:
0.00 74880.04
- long-term: 0.00 0.00
- short-term:
0.00 74880.04
Total liabilties (A+B):
16175176.56 18181193.26
Profit
and loss account (comp) 2005/12/31
2006/12/31
2005/01/01 2006/01/01
A. Net sales of goods and products: 1101966.96 21182784.22
- including to related companies 0.00 0.00
I.Net sales of products:
0.00 0.00
II.Change of products :
0.00 0.00
III.Costs of production: 0.00 0.00
IV.Net sale of goods and materials: 1101966.96 21182784.22
B. Operation expenses:
1144126.25 21294808.90
I. Depreciation: 6764.28 24273.92
II. Costs of materials and energy: 30170.02 179759.28
III. Outside services: 126675.74 1005725.89
IV.Taxes :
3505.00 16130.46
- including excise taxes:
0.00 0.00
V. Salaries: 33649.20 327301.82
VI. Social taxes & related:
7402.35 79590.35
VII. Other:
7652.83 140551.84
VIII. Goods and materials sold:
928306.83 19521475.34
C. Profit (loss) on sale (A-B):
-42159.29 -112024.68
D. Other operation incomes: 1.27 17008.15
I.Profit from sale of tangible assets: 0.00 0.00
II.Grants & subsidies:
0.00 0.00
III.Other: 1.27 17008.15
E. Other operating costs:
0.32 179171.67
I.Loss from sale of tangible assets: 0.00 0.00
II.Revaluation of non-financial assets: 0.00 0.00
III.Other:
0.32 179171.67
F. Profit from operating activity
(C+D-E): -42158.34 -274188.20
G. Financial income:
423528.09 1463873.15
I. Dividends: 0.00 0.00
- from subisdiaries and affiliates: 0.00 0.00
II.Interest receivable:
4.23 8176.45
- 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: 423523.86 1455696.70
H. Financial costs: 1462.60 51363.93
I.Interest payable including:
20.00 32663.93
- 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:
1442.60 18700.00
I. Profit (loss) from economic activity
(F+G-H):
379907.15 1138321.02
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): 379907.15 1138321.02
L. Corporate income tax:
80469.53 73857.00
M. Other obligatory charges:
0.00 164383.07
N. Net profit for the year (K-L-M): 299437.62 900080.95
INDEX ANALYSE
year
2005 2006
CURRENT RATIO (CR)
Current Assets/Current liabilities 1.0780649 1.1415203
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities
0.2969067 0.3490091
CASH RATIO (SQR)
Cash/Current liabilities
0.0376527 0.1557669
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days
******** 216.0047
CREDITORS DAYS/DAY'S SALES IN
RECEIVABLES
Current receivables/Turnover x 365 days 1263.0206 47.2445
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days ******* 272.557
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 92.3% 88.3%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO
I
Longterm liabilities/Equity capital 0.00000 0.00000
LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO
II
Longterm liab./Equity cap.+Longterm liab. x
100% 0.0% 0.0%
RETURN ON SALES (ROS)
Net profit/Turnover x 100%
5.1% 4.2%
RETURN ON ASSETS (ROA)
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Net profit/Total assets x 100% 0.3% 5.0%
RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100% 4.5% 42.4%
LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x
100%
0.0000000 0.0000000
WORKING CAPITAL
Current assets-Current liabilities
1165660.91 2238549.12
WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x
100% 105.8% 10.6%
HISTORICAL DATA
No change in the legal form has been reported
PAYMENTS
No significant trade experience has been reported thus far
RELATED FIRMS
Note reported
PROCEDURES
Officially not available
BANK
Officially not available
CONTACT WITH THE COMPANY
When directly contacted representative of the company Mr Jacek Kolba 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
Maximum Credit: 50.000 EUR
Average respite of credit: 30-60 days
all figure quoted in PLN
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)