MIRA INFORM REPORT

 

 

Report Date :

27.11.2007

 

IDENTIFICATION DETAILS

 

Name :

INTERIMEX CZ A.S.

 

 

Registered Office :

Smetanova 19, 46601 Jablonec nad Nisou

 

 

Country :

Czech Republic

 

 

Date of Incorporation :

14.09.2000

 

 

Com. Reg. No.:

B 1305

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture of other outerwear

Preparation and spinning of textile fibres
Manufacture of other plastic products
Manufacture of imitation jewellery

 

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 125.000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear


COMPANY REPORTED

 

 

 

INTERIMEX CZ A.S.

 

Principal Address


Smetanova 19
46601 Jablonec nad Nisou
Czech Republic
Tel: +420-483359011-18
Fax: +420-483312616
Email: interimex@interimex.cz
Internet: www.interimex.cz

 

Registered office


Tyršova 141
411 55 Terezín
Czech Republic

 

 

ICON number

 

21506651

 

 

National ID

 

25420721

 

 

VAT number

 

CZ25420721

 

 

Registration status

 

14.09.2000 - registered company

 

 

Activity status

 

14.09.2000 - active company

 

 

 

 

 

CREDIT INFORMATION SUMMARY

 



 

 

Insolvency Information:

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

 


 

 

Maximum Credit:

EUR 125.000,00

 


 

 

 

 

Payment Practices:

Payments are made regularly.

 


 

 

Further Rating Information:

Researched company is categorized as a small company.
Turnover volume of CZK 86.738.000 in the year 2005 increased by 4,66% compared with 2004. In the previous period this change was +41,42%.
Fixed assets decreased by CZK 481.000 and now 3,63% of total assets.

Cash flow from results of CZK 333.000 decreased by 82,17% compared with last year result.

 


 

 

Debt Collection:

There is no record of any debt collection action against this company exceeding a single case volume of EUR 500.

 

 

 

COMPANY DETAILS

 

 

 

Established:

2000

 


 

 

Registration:

No. B 1305
14.09.2000
Ústí nad Labem, Czech Republic

 


 

 

Legal Form:

14.09.2000
joint stock company

 


 

 

Capital:

CZK 6.000.000,00

registered capital 6 000 000 CZK

 


 

 

Management:

Full Name

Function

Address

Ing. KREJČÍ Martin
15.12.2003 - Present

Chairman of the executive board

Tyršova 140
411 55 Terezín
Czech Republic

ŠTOFČÍK Richard
15.12.2003 - Present

Member of the executive board

Andělohorská 410
463 31 Chrastava
Czech Republic

VELE Tomáš
15.12.2003 - Present

Member of the executive board

Venušina 4559/1E
466 01 Jablonec nad Nisou
Czech Republic

Ing. WÜNSCH Vladimír
15.12.2003 - Present

Chairman of the supervisory board

Vackova 376
463 12 Liberec 23
Czech Republic

Ing. OUVÍN Tomáš

Director

Franklinova 579
460 01 Liberec
Czech Republic

 

 

 

KEY DATA ON OPERATIONS

 



 

 

Subject of Operation:

NACE
  main activity
  1822 Manufacture of other outerwear

  5210 Retail sale in non-specialized stores
  5190 Other wholesale
  1710 Preparation and spinning of textile fibres
  2524 Manufacture of other plastic products
  3661 Manufacture of imitation jewellery
  7031 Real estate agencies
  7440 Advertising
  1700 Manufacture of textiles

 


 

 

Key Data:

Amounts shown in Czech Koruna (CZK)

 

2005

2004

2003

2002

Turnover

86.738.000

82.875.000

58.601.000

26.322.000

Fixed assets

1.109.000

1.590.000

927.000

567.000

Equity

12.196.000

11.368.000

9.169.000

3.442.000

Liabilities

18.189.000

19.809.000

14.712.000

15.362.000

Profit after taxation

828.000

2.200.000

1.727.000

2.295.000

Operating result - profit

3.871.000

3.790.000

2.806.000

2.618.000

 

 

2005

2004

2003

2002

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

2,71

6,98

7,23

12,20

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

6,79

19,35

18,84

66,68

 


 

 

Workforce:

 

2007

2006

2005

2004

Total workforce

25

15

12

12

 


 

 

Motor Vehicles:

 

2004

2003

2002

Total number of vehicles

4

4

4

 


 

 

Imports:

2001

Europe: 70%

 


 

 

Exports:

2001

Europe: 20%

 

 

 

FINANCIAL INFORMATION

 



 

 

Financials:

Amounts shown in Czech Koruna (CZK)  

2005

2004

2003

2002

 



Balance sheet

 

Assets

 

TOTAL ASSETS

30.544.000,00

31.522.000,00

23.881.000,00

18.804.000,00

 

Receivables from subscribed capital

 

 

1.000.000,00

 

 

Fixed assets

1.109.000,00

1.590.000,00

927.000,00

567.000,00

 

Tangible fixed assets

1.109.000,00

1.590.000,00

927.000,00

567.000,00

 

Current assets

29.276.000,00

29.761.000,00

21.829.000,00

18.150.000,00

 

Inventories

9.149.000,00

7.036.000,00

4.617.000,00

5.514.000,00

 

Long-term receivables

 

 

 

92.000,00

 

Short-term receivables

15.518.000,00

16.490.000,00

14.243.000,00

9.365.000,00

 

from that : Trade receivables

15.507.000,00

13.833.000,00

 

 

 

Liquid assets

4.609.000,00

6.235.000,00

2.969.000,00

3.179.000,00

 

Other assets

159.000,00

171.000,00

125.000,00

87.000,00

 



Equity & Liabilities

 

TOTAL LIABILITIES

30.544.000,00

31.522.000,00

23.881.000,00

18.804.000,00

 

Equity

12.196.000,00

11.368.000,00

9.169.000,00

3.442.000,00

 

Share capital

6.000.000,00

6.000.000,00

6.000.000,00

1.000.000,00

 

Statutory funds

342.000,00

232.000,00

146.000,00

31.000,00

 

Retained earnings

5.026.000,00

2.936.000,00

1.296.000,00

116.000,00

 

Profit or loss for the current period

828.000,00

2.200.000,00

1.727.000,00

2.295.000,00

 

LIABILITIES

18.189.000,00

19.809.000,00

14.712.000,00

15.362.000,00

 

Reserves

 

 

 

88.000,00

 

Long-term liabilities

 

 

 

1.071.000,00

 

Short-term liabilities

8.763.000,00

6.252.000,00

4.892.000,00

11.203.000,00

 

Bank loans and borrowings

9.426.000,00

13.557.000,00

9.820.000,00

3.000.000,00

 

Short-term bank credits and loans

9.426.000,00

13.557.000,00

9.820.000,00

3.000.000,00

 

Other liabilities

159.000,00

345.000,00

 

 

 

BALANCE SHEET TOTAL

30.544.000,00

31.522.000,00

23.881.000,00

18.804.000,00

 



Profit & Loss Account

 

Turnover

86.738.000,00

82.875.000,00

58.601.000,00

26.322.000,00

 

Other operating revenues

84.000,00

708.000,00

538.000,00

15.281.000,00

 

Total operating income

86.822.000,00

83.583.000,00

59.139.000,00

41.603.000,00

 

Costs of sold goods

55.493.000,00

53.883.000,00

40.220.000,00

16.135.000,00

 

Purchased consumables and services

23.079.000,00

21.873.000,00

12.311.000,00

9.886.000,00

 

Staff costs

3.614.000,00

3.253.000,00

2.530.000,00

1.153.000,00

 

Taxes and charges

30.000,00

26.000,00

788.000,00

55.000,00

 

Depreciations of intangible and tangible assets

495.000,00

332.000,00

404.000,00

388.000,00

 

Other operating expenses

240.000,00

426.000,00

80.000,00

11.368.000,00

 

Total operating expenses

82.951.000,00

79.793.000,00

56.333.000,00

38.985.000,00

 

OPERATING PROFIT / LOSS

3.871.000,00

3.790.000,00

2.806.000,00

2.618.000,00

 

Financial income

955.000,00

1.575.000,00

1.364.000,00

2.527.000,00

 

Financial expenses

2.871.000,00

2.525.000,00

1.950.000,00

1.094.000,00

 

there of : Interest expenses

547.000,00

654.000,00

477.000,00

417.000,00

 

Extraordinary income

 

 

 

8.000,00

 

Extraordinary expenses

 

 

 

1.000.000,00

 

PROFIT/LOSS BEFORE TAX

1.955.000,00

2.840.000,00

 

 

 

Corporation income tax

1.127.000,00

640.000,00

493.000,00

764.000,00

 

PROFIT OR LOSS FOR THE CURRENT PERIOD

828.000,00

2.200.000,00

1.727.000,00

2.295.000,00




 

Partial Financials:

Amounts shown in Czech Koruna (CZK)  

2007

2006

 



Equity & Liabilities

 

Share capital

6.000.000,00

6.000.000,00



The financial data were submitted directly by the management of the researched company.

The company is obliged by law to publish its financial statements.
2006 The complete financial statement has not been published and are not officially available.

 


 

 

Approximate Exchange Rates:

2006: 28,343 CZK = 1 EUR
2005: 29,784 CZK = 1 EUR
2004: 31,904 CZK = 1 EUR
2003: 31,844 CZK = 1 EUR
2002: 30,812 CZK = 1 EUR
2006: 22,609 CZK = 1 USD
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:

Česká spořitelna, a.s.
Jablonec nad Nisou

 


 

 

Ratios:

 

2005

2004

2003

2002

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

1,61

1,50

1,48

1,28

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

1,11

1,15

1,17

0,88

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

0,25

0,31

0,20

0,22

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

2,71

6,98

7,23

12,20

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

6,79

19,35

18,84

66,68

Return on sales ( ROS )
Net profit / Turnover

0,95

2,65

2,95

8,72

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

65,30

72,63

88,71

129,86

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

36,88

27,54

30,47

155,35

Debt Ratio
(Liabilities / Total Liabilities) * 100

59,55

62,84

61,61

81,70

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 20.513.000,00

CZK 23.509.000,00

CZK 16.937.000,00

CZK 6.947.000,00


Average values of ratios of enterprises with 100 or more employees in the sector of manufacture of textiles and textile products are following:

Liquidity Ratio - 3.stage: 1,9
Liquidity Ratio - 2.stage: 1,1
Liquidity Ratio - 1.stage: 0,3
ROA: 2,0 %
ROE: 5,0 %
Receivables Maturity Date: 75 days
Liabilities Maturity Date: 80 days
Debt Ratio: 50 %

 

 

ADDITIONAL INFORMATION

 



 

 

Contact With Company:

Name and surname: Mr. Ouvín
Function: director

Information in this credit report was confirmed in the past.

 


 

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%)

 

 

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