MIRA
INFORM REPORT
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Report Date : |
29.09.2007 |
IDENTIFICATION DETAILS
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Name : |
EMC SPÓŁKA Z O.O. |
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Registered Office : |
Służewska 8-15, 87-100 |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1990/07 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of electronic valves and tubes and other electronic components. |
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 : |
No Complaints |
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Litigation : |
Clear |
ADDRESS DATA
EMC SPÓŁKA Z O.O.
SŁUŻEWSKA 8-15
87-100
Tel. 056/6196600
Fax. 056/6196602
http:// www.emc.torun.pl
E-mail: emc@emc.torun.pl
BASIC DATA
REGONCODE 871246956
VAT: 956-20-20-403
Nationwide Court Register KRS 0000154839
Legal form: LIMITED LIABILITY COMPANY
Status: ACTIVE
Start of activity: 1990/07/
Registering agency COURT OF COMMERCE TORUŃ
Type :
Date of registration: 2003/03/11
NACE code 32.10
Manufacture of electronic valves and tubes and other electronic components
Export
Region EUR
ORGANIZATIONAL-LEGAL
DATA
Register capital:
Value : 134000.00 PLN
Number of shares: 268
SHAREHOLDER:
Surname : PUĆKO
Names : ANDRZEJ
PESEL : 59030908576
Citizenship :
Addr.:
Country code :
Zip code : 87-100
City :
Street : SZEROKA 21/6
Value : 60000.00 PLN
Quant: 120
SHAREHOLDER:
Surname : PUĆKO
Names : MAŁGORZATA
PESEL : 58042408542
Citizenship :
Addr.:
Country code :
Other Directorships : Shareholder: GOVENA SP.Z O.O.
Value : 40000.00 PLN
Quant: 80
SHAREHOLDER:
Surname : OBRATYŃSKI
Names : RAFAŁ
Citizenship :
Addr.:
Country code :
Value : 8500.00 PLN
Quant: 17
SHAREHOLDER:
Surname : GREGORCZUK
Names : CEZARY
Citizenship :
Addr.:
Country code :
Value : 8500.00 PLN
Quant: 17
SHAREHOLDER:
Surname : LESZCZYŃSKI
Names : GRZEGORZ
Citizenship :
Addr.:
Country code :
Value : 8500.00 PLN
Quant: 17
SHAREHOLDER:
Surname : ŻUK
Names : ŁUKASZ
Citizenship :
Addr.:
Country code :
Value : 8500.00 PLN
Quant: 17
MANAG.:
PRESIDENT OF THE BOARD
Representation : SOLE SIGNATURE
Surname : PUĆKO
Names : ANDRZEJ
PESEL : 59030908576
Citizenship :
Addr.:
Country code :
Zip code : 87-100
City :
Street : SZEROKA 21/6
Other Directorships : Shareholder/Member of the Board: SKAWA INVEST SPZ O.O.
: Shareholder/President: GOVENA SP.Z O.O.
: Shareholder: KFI SP.Z O.O.
SHARES IN OTHER
COMPANIES
No data
EMPLOYMENT
Total (MIN MAX) Productive(MIN MAX) Unprod.(MIN MAX) DATE FROM DATE TO
200-200 - - 2006/01/01-2006/12/31
200-200 174-174 26-26 2005/01/01-2005/12/31
35-35 - - 1997/01/01-1997/12/31
REAL ESTATE
Real estate: BD BUILDINGS AND CONSTRUCTIONS
OWN: Area from to Value Cur Number of mortgage reg.
2436-2436 5753405.84 PLN
Real estate: GN GROUNDS
OWN: Area from to Value Cur Number of mortgage reg.
- 176428.67 PLN
31.12.2006
SALES
2006/01/01 - 2006/12/31 23361496.42
2005/01/01 - 2005/12/31 20497177.31
2004/01/01 - 2004/12/31 20352924.53
FINANCIAL DATA
Financial statement as on
2005/12/31 2006/12/31
ASSETS
A. Total
non-current assets:
8122008.93 11135860.76
I.Intangible assets:
123353.72 104872.21
1.Costs
of development activities: 0.00 0.00
2.Goodwill:
0.00 0.00
3.Other
intangible fixed assets: 123353.72 104872.21
4.Prepayments for intangible assets: 0.00 0.00
II.Fixed
assets:
7876390.05 10874618.57
1.tangible fixed assets:
7743885.06 9827574.45
a)land:
176428.67 176428.67
b)buildings: 5903703.80 5753405.84
c)machinery and equipment:
1570803.19 3341703.21
d)vehicles:
59461.28 505372.55
e)other
tangible fixed assets: 33488.12 50664.18
2.Investments in progress:
132504.99 1047044.12
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 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
b)in
other companies:
0.00 0.00
4.Other
long-term investments:
0.00 0.00
V.Long-term
interperiod settlements: 122265.16 156369.98
1.Assets
from deffered income tax: 122265.16 156369.98
2.Others: 0.00 0.00
B. Current
assets:
6865606.51 7984865.69
I.Inventory
4154684.77 3625557.32
1.Materials: 3161943.49 2098071.03
2.Semi-products and work in progress: 439352.74 628733.74
3.Finished goods:
553388.54 898752.55
4.Products:
0.00 0.00
5.Advance payment for delivery: 0.00 0.00
II.Accounts
receivable: 2590877.42 4018745.14
1.From
related companies:
0.00 0.00
a)trade receivables:
0.00 0.00
b)others:
0.00 0.00
2.From
other companies:
2590877.42 4018745.14
a)trade receivables: 2540610.12 4013439.51
-
within 12 months:
2540610.12 4013439.51
-
more than 12 months:
0.00 0.00
b)tax and
social receivables:
33534.79 0.00
c)other receivables: 16732.51 5305.63
d)accounts receiv. result. from disputable claims: 0.00 0.00
III.Short-term investments:
2544.19 242610.05
1.Short-term financial assets:
2544.19 242610.05
a)in
related companies:
0.00 0.00
b)in
other companies:
0.00 0.00
c)cash
and other cash assets: 2544.19 242610.05
-
cash in hand and at bank: 2544.19 242610.05
-
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: 117500.13 97953.18
Total
assets (A+B):
14987615.44 19120726.45
LIABILITIES
A. Net
worth:
2987478.80 4774042.41
I.Issued
capital:
50000.00 50000.00
II.Outstanding but unpaid contribution for share: 0.00 0.00
III.Entity's
own capital (negative): 0.00 0.00
IV.Reserve
capital:
2308225.79 3717478.60
V.Revaluation reserve:
0.00 0.00
VI.Other
reserve capitals:
0.00 0.00
VII.Profit/loss brutto forward:
0.00 0.00
VIII.Net
financial result for the year: 629253.01 1006563.81
IX.Write-offs from net profit:
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0.00 0.00
B.Liabilities
& reserves:
12000136.64 14346684.04
I.Reserve
for liabilities:
0.00 0.00
1.Reserves for deffered income tax: 0.00 0.00
2.Reserves for retirement and similar: 0.00 0.00
3.Other
reserves:
0.00 0.00
II.Long-term
liabilities:
4027000.00 3615000.00
1.To
related companies: 0.00 0.00
2.To
other companies:
4027000.00 3615000.00
a)credits and loans:
3615000.00
b)commercial papers: 0.00
c)other
financial liabilities:
0.00
d)other
long-term liabilities:
0.00
III.Short-term liabilities:
7732436.19 10416503.73
1.To
related companies:
0.00 0.00
a)trade
payable: 0.00 0.00
b)other:
0.00 0.00
2.To
other companies:
7732436.19 10416503.73
a)bank
loans:
2106477.68 3380408.17
b)commercial papers:
0.00 0.00
c)other
financial liabilities: 0.00 0.00
d)trade
payables:
4757231.48 5469491.85
-
within 12 months:
4757231.48 5469491.85
-
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:
590036.05 873594.49
h)payroll payable:
230482.01 263697.12
i)other
short-term liabilities: 48208.97 429312.10
3.Special
funds:
0.00 0.00
IV.Accrued
liabilities:
240700.45 315180.31
1.Negative goodwill:
0.00 0.00
2.Other:
240700.45 315180.31
-
long-term: 240700.45 315180.31
-
short-term:
0.00 0.00
Total
liabilties (A+B):
14987615.44 19120726.45
Financial statement as on
2004/12/31
ASSETS
A. Total
non-current assets:
6917522.87
I.Intangible assets:
87251.15
1.Costs
of development activities:
0.00
2.Goodwill:
0.00
3.Other
intangible fixed assets:
87251.15
4.Prepayments for intangible assets:
0.00
II.Fixed
assets:
6830271.72
1.tangible fixed assets:
1195027.14
a)land:
152435.00
b)buildings: 14623.07
c)machinery and equipment:
1019970.39
d)vehicles:
6020.57
e)other
tangible fixed assets:
1978.11
2.Investments in progress:
5612638.61
3.Investments in progress paid on accounts: 22605.97
III.Long-term receivables:
0.00
1.From
related companies:
0.00
2.From
other companies: 0.00
IV.Long-term investments:
0.00
1.Real-estate property:
0.00
2.Intangible assets:
0.00
3.Long-term financial assets:
0.00
a)in
related companies: 0.00
b)in
other companies:
0.00
4.Other
long-term investments:
0.00
V.Long-term
interperiod settlements:
0.00
1.Assets
from deffered income tax:
0.00
2.Others:
0.00
B. Current
assets:
6834539.49
I.Inventory
3159818.97
1.Materials: 2634685.96
2.Semi-products and work in progress:
381569.52
3.Finished goods:
143563.49
4.Products:
0.00
5.Advance payment for delivery:
0.00
II.Accounts
receivable: 3406319.59
1.From
related companies:
0.00
a)trade receivables:
0.00
b)others:
0.00
2.From
other companies:
3406319.59
a)trade
receivables:
2591009.12
-
within 12 months:
2591009.12
-
more than 12 months:
0.00
b)tax
and social receivables:
602310.47
c)other receivables: 213000.00
d)accounts receiv. result. from disputable claims: 0.00
III.Short-term investments:
87336.32
1.Short-term financial assets:
87336.32
a)in
related companies:
0.00
b)in
other companies:
0.00
c)cash
and other cash assets:
87336.32
-
cash in hand and at bank:
87336.32
-
other cash means: 0.00
-
other cash assets:
0.00
2.Other
short-term investments:
0.00
IV.Short-term
interperiod settlements:
181064.61
Total
assets (A+B):
13752062.36
LIABILITIES
A. Net
worth:
2358225.79
I.Issued
capital:
50000.00
II.Outstanding but unpaid contribution for share: 0.00
III.Entity's
own capital (negative):
0.00
IV.Reserve
capital:
1291268.33
V.Revaluation reserve:
0.00
VI.Other
reserve capitals:
0.00
VII.Profit/loss brutto forward:
0.00
VIII.Net
financial result for the year:
1016957.46
IX.Write-offs from net profit:
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0.00
B.Liabilities
& reserves:
11393836.57
I.Reserve
for liabilities:
190552.99
1.Reserves for deffered income tax:
0.00
2.Reserves for retirement and similar:
0.00
3.Other
reserves:
190552.99
II.Long-term
liabilities:
3479000.00
1.To
related companies: 0.00
2.To
other companies:
3479000.00
a)credits and loans:
0.00
III.Short-term liabilities: 7590764.45
1.To
related companies:
0.00
a)trade
payable:
0.00
b)other:
0.00
2.To
other companies:
7590764.45
a)bank
loans: 1209929.27
b)commercial papers:
0.00
c)other
financial liabilities:
0.00
d)trade
payables:
5727952.60
-
within 12 months:
5727952.60
-
more than 12 months: 0.00
e)supplies paid on account:
0.00
f)notes
payable:
0.00
g)tax
& social securities:
407892.78
h)payroll payable:
239174.75
i)other
short-term liabilities: 5815.05
3.Special
funds:
0.00
IV.Accrued
liabilities:
133519.13
1.Negative goodwill: 0.00
2.Other:
133519.13
-
long-term:
133519.13
-
short-term:
0.00
Total
liabilties (A+B):
13752062.36
Profit and loss account (comp)
2005/12/31 2006/12/31
2005/01/01 2006/01/01
A. Net sales
of goods and products: 20330138.94 23032295.80
I.Net sales
of products:
20330138.94 23032295.80
II.Change
of products :
0.00 0.00
III.Costs
of production:
0.00 0.00
IV.Net sale
of goods and materials: 0.00 0.00
B. Operation
expenses: 19324866.31 21572974.55
I.
Depreciation:
735398.90 926593.65
II. Costs
of materials and energy: 12230019.02 12965323.99
III.
Outside services:
1429825.68 1785707.07
IV.Taxes
:
55771.41 68273.46
V.
Salaries:
3908760.58 4597727.79
VI. Social
taxes & related:
807986.35 936050.83
VII.
Other:
157104.37 293297.76
VIII. Goods
and materials sold: 0.00 0.00
C. Profit
(loss) on sale (A-B):
1005272.63 1459321.25
D. Other
operation incomes:
128727.96 248417.10
I.Profit
from sale of tangible assets: 0.00 32281.00
II.Grants
& subsidies:
115526.92 140562.49
III.Other:
13201.04 75573.61
E. Other
operating costs:
17955.64 58469.72
I.Loss from
sale of tangible assets: 0.00 0.00
II.Revaluation of non-financial assets: 0.00 0.00
III.Other:
17955.64 58469.72
F. Profit
from operating activity (C+D-E): 1116044.95 1649268.63
G. Financial
income:
38310.41 80783.52
I.
Dividends:
0.00 0.00
II.Interest
receivable:
13.67 31.15
III.Profits
from investment transfeered: 0.00 0.00
IV.Revaluation of investments:
0.00 0.00
V.Other: 38296.74 80752.37
H. Financial
costs:
413082.51 505945.16
I.Interest
payable including:
385178.98 428818.08
II.Loss from
invetsments transffered: 0.00 0.00
III.Revaluation of investments:
0.00 0.00
IV.Other:
27903.53 77127.08
I. Profit
(loss) from economic activity (F+G-H): 741272.85 1224106.99
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): 741272.85 1224106.99
L. Corporate
income tax:
112019.84 217543.18
M. Other
obligatory charges:
0.00 0.00
N. Net profit
for the year (K-L-M): 629253.01 1006563.81
Profit and loss account (comp) 2004/12/31
2004/01/01
A. Net sales
of goods and products:
19937125.19
I.Net sales
of products: 19937125.19
II.Change
of products :
0.00
III.Costs
of production:
0.00
IV.Net sale
of goods and materials:
0.00
B. Operation
expenses:
18979597.50
I.
Depreciation: 463052.89
II. Costs
of materials and energy:
12660518.02
III.
Outside services:
1264489.99
IV.Taxes
: 23263.22
V.
Salaries:
3672688.12
VI. Social
taxes & related:
739018.08
VII.
Other:
142567.18
VIII. Goods
and materials sold:
14000.00
C. Profit
(loss) on sale (A-B):
957527.69
D. Other
operation incomes:
218436.46
I.Profit
from sale of tangible assets:
737.70
II.Grants
& subsidies: 109451.31
III.Other:
108247.45
E. Other
operating costs:
55000.00
I.Loss from
sale of tangible assets:
0.00
II.Revaluation of non-financial assets:
0.00
III.Other:
55000.00
F. Profit
from operating activity (C+D-E):
1120964.15
G. Financial
income:
197362.88
I.
Dividends: 0.00
II.Interest
receivable:
33.72
III.Profits
from investment transfeered:
0.00
IV.Revaluation of investments:
0.00
V.Other:
197329.16
H. Financial
costs:
70227.57
I.Interest
payable including:
70227.57
II.Loss from
invetsments transffered:
0.00
III.Revaluation of investments:
0.00
IV.Other:
0.00
I. Profit
(loss) from economic activity (F+G-H): 1248099.46
J.
Extraordinary items (J.I-J.II):
0.00
I.Extraordinary incomes:
0.00
II.Extraordinary losses: 0.00
K. Gross
profit for the year (I+/-J):
1248099.46
L. Corporate
income tax:
231142.00
M. Other
obligatory charges:
0.00
N. Net profit
for the year (K-L-M):
1016957.46
INDEX ANALYSE
year
2004 2005 2006
CURRENT RATIO
(CR)
Current
Assets/Current liabilities
0.9003757 0.8878970 0.7665591
QUICK RATIO
(QR)
Current
Assets-Inventory/Current liabilities
0.4841041 0.3505909 0.4185001
CASH RATIO
(SQR)
Cash/Current
liabilities
0.0115056 0.0003290 0.0232909
STOCK
TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days 57.8486 74.5917 57.4553
CREDITORS
DAYS/DAY'S SALES IN RECEIVABLES
Current
receivables/Turnover x 365 days
62.3614 46.5157 63.6863
DEBTORS
DAYS/DAY'S PURCHASE IN PAYABLES
Current
liabilities/Turnover x 365 days
138.968 138.825 165.074
TOTAL
INDEBTNESS/DEBT RATIO
Outside
capital/Equity capital x 100%
82.9% 801% 75.0%
LONG TERM
INDEBTNESS I/LONG TERM DEBT RATIO I
Longterm
liabilities/Equity capital
1.47526 1.34796 0.75722
LONG TERM
INDEBTNESS II/LONG TERM DEBT RATIO II
Longterm
liab./Equity cap.+Longterm liab. x 100%
59.6% 57.4% 43.1%
RETURN ON
SALES (ROS)
Net
profit/Turnover x 100% 5.1% 3.1% 4.4%
RETURN ON
ASSETS (ROA)
Net
profit/Total assets x 100% 7.4% 4.2% 5.3%
RETURN ON
EQUITY (ROE)
Net
profit/Equity capital x 100%
43.1% 21.1% 21.1%
LONG TERM
LIABILITIES IN OUTSIDE CAPITAL
Longterm
liabilities/Outside capital x 100%
0.3142795 0.3424484 0.2576345
WORKING
CAPITAL
Current
assets-Current liabilities
- 756224.96 - 866829.68 - 2431638.04
WORKING
CAPITAL RATIO
Current
assets-Current liabilities/Turnover x 100%
- 3.8% -
4.3% - 10.6%
HISTORICAL DATA
Address data validity period: 1990 - 2000
PRZEDS.PROD.-USŁ.-HANDLOWE"EMC" SP.C. WŁODARCZYK ANDRZEJ,PUĆKO ANDRZEJ
DWERNICKIEGO 25/27
87-100
Basic data validity period: 2000/06/02 - 2003/03/11
Legal form: LIMITED LIABILITY COMPANY
Registering agency COURT OF COMMERCE TORUŃ
Type : COMMERCIAL REGISTER
Number RHB 2722
Date of registration: 06/02/2000
Basic data validity period: 1990/ / - 2000/06/02
Legal form: CIVIL COMPANY
Registering agency LOCAL ADMINISTRATION OF TORUŃ
Type : DIRECTORY OF BUSINESS ACTIVITY
Number 315/R
Date of registration:
Nominal capital validity period: 2000/06/13 - 2007/03/20
Value : 50000.00 PLN
Number of shares: 100
Shares history validity period: 2000/06/13 - 2007/03/20
SHAREHOLDER:
Surname : PUĆKO
Names : ANDRZEJ
PESEL : 59030908576
Citizenship :
Addr.:
Country code :
Zip code : 87-100
City :
Street : SZEROKA 21/6
Value : 50000.00 PLN
Quant: 100
PAYMENTS
No significant trade experience has been reported thus far
TRADE PARTNERS
Details not available
RELATED FIRMS
RELATED FIRMS:
SKAWA INVEST SPÓŁKA Z O.O.
Identifier CEN0192240CK
ŁUCKA 2/4/6 LOK.71
00-845 WARSZAWA
RELATED FIRMS:
KFI SPÓŁKA Z O.O.
Identifier CEN0192241CK
FORDOŃSKA 246
85-766
RELATED FIRMS:
GOVENA SPÓŁKA Z O.O.
Identifier CEN0219134CK
SŁUŻEWSKA 8-15
87-100
Tel. 056/6196600
Fax. 056/6196602
http:// www.govena.com
E-mail: a.basak@govena.com
PROCEDURES
Officially not available
ADDITIONAL
INFORMATION
Any other information officially not available
BANK
Officially not available
CUSTOMERS/SUPPLIERS
Officially not available
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
CREDIT RATING
Last verification date: 2007/09/28
We report nothing unfavorable about the Company;
Maximum Credit: 100.000 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 |
|
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%)