MIRA INFORM REPORT

 

 

Report Date :

16.10.2007

 

IDENTIFICATION DETAILS

 

Name :

PISTACHIO A.S.

 

 

Registered Office :

Brněnská 3570/59/B, 695 03 Hodonín

 

 

Country :

Czech Republic

 

 

Date of Incorporation :

08.02.2001

 

 

Com. Reg. No.:

B 4341

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Retail sale in non-specialized stores
Manufacture of other food products n.e.c.

 

 

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

 

Maximum Credit Limit :

EUR 100.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

COMPANY REPORTED

 

 

 

PISTACHIO A.S.

 

Principal Address


Brněnská 3570/59/B
695 03 Hodonín
Czech Republic
Tel: +420-518 321 822
Fax: +420-518 321 894
Email: ales.michalovic@pistachio.cz ; info@pistachio.cz
Internet: www.pistachio.cz

 

Registered office


Brněnská 3570/59/B
695 03 Hodonín
Czech Republic

 

 

Former company names


MPCOM, spol. s r.o., valid since 08.02.2001 valid until 19.06.2001
PISTACHIO spol. s r.o., valid since 19.06.2001 valid until 05.05.2005
PISTACHIO a.s., valid since 05.05.2005

 

 

ICON number: 10096450
National ID: 26240271
VAT number: CZ26240271

 

Registration status: 08.02.2001 - registered company
Activity status: 08.02.2001 - 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 100.000,00

 

 

 

 

 

Payment Practices:

Payments are made according to terms

 

 

 

Further Rating Information:

Researched company is categorized as a small company.
Turnover volume of CZK 164.180.000 in the year 2004 increased by 23,43% compared with 2003. In the previous period this change was +20,82%.
Fixed assets decreased by CZK 124.000 and now 8,50% of total assets.
Working capital of CZK 20.631.000 increased for 25,93% compared with the last period.
Cash flow from results of CZK 293.000 decreased by 91,77% 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:

2001

 

 

 

Registration:

No. B 4341
08.02.2001
Brno, Czech Republic

 

 

 

Former Registration:

No. C 38163
08.02.2001
Brno, Czech Republic

 

 

 

Legal Form:

05.05.2005
joint stock company

 

 

 

Former Legal Form:

limited liability company valid since: 08.02.2001

 

 

 

History:

The firm took over all activities /productive/ of the firm Jiří Michalovič IČO 18204422 since January 2003.

5.5.2005 - The company changed the legal form from the limited company
PISTACHIO, spol. s r.o. to the joint stock company PISTACHIO a.s.

 

 

 

Capital:

CZK 9.000.000,00

 

 

 

Shareholders:

Full Name

Function

Address

Equity

MICHALOVIČ Aleš

Shareholder
05.05.2005 - Present

U Červených domků 2872/25
695 03 Hodonín
Czech Republic

100,00%

 

 

 

Management:

Full Name

Function

Address

MICHALOVIČ Aleš
05.05.2005 - Present

Chairman of the executive board

U Červených domků 2872/25
695 03 Hodonín
Czech Republic

KUČEROVÁ Jana
05.05.2005 - Present

Deputy chairman of the executive board

U Červených domků 2872/25
695 03 Hodonín
Czech Republic

KOVÁR Zbyněk
05.05.2005 - Present

Member of the executive board

Svatopluka Čecha 20
695 01 Hodonín
Czech Republic

SEJÁK František
05.05.2005 - Present

Chairman of the supervisory board

Vídeňská 106
696 17 Dolní Bojanovice
Czech Republic

 

 

 

Related Companies:

other relationship
Jiří Michalovič , Czech Republic , National ID: 18204422

 

 

 

KEY DATA ON OPERATIONS

 

 

 

Subject of Operation:

NACE
  main activity
  5190 Other wholesale

  5210 Retail sale in non-specialized stores
  1589 Manufacture of other food products n.e.c.
  5190 Other wholesale
  5248 Other retail sale in specialized stores

Import, distribution, production and export of dried fruit, nuts.

 

 

 

Key Data:

Amounts shown in Czech Koruna (CZK)

 

2004

2003

2002

Turnover

164.180.000

133.010.000

110.087.000

Fixed assets

3.565.000

3.689.000

337.000

Equity

9.158.000

13.686.000

7.038.000

Liabilities

29.177.000

43.339.000

27.515.000

Profit after taxation

1.308.000

3.874.000

303.000

Operating result - profit

1.137.000

1.974.000

1.440.000

 

 

2004

2003

2002

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

3,12

6,79

0,86

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

14,28

28,31

4,31

 

 

 

Workforce:

 

2007

2006

2005

2004

Total workforce

18 - 20

15

15

15

 

 

 

Motor Vehicles:

 

2004

2003

2002

Total number of vehicles

4

4

4

 

 

 

Imports:

China

Germany

Iran (Islamic Republic)

Luxembourg

Netherlands


90 %

 

 

 

Exports:

 

Slovakia: 25%

 

 

 

FINANCIAL INFORMATION

 

 

 

Financials:

Amounts shown in Czech Koruna (CZK)  

2004

2003

2002

 



Assets

 

TOTAL ASSETS

41.931.000,00

57.025.000,00

35.424.000,00

 

Receivables from subscribed capital

 

3.322.000,00

 

 

Fixed assets

3.565.000,00

3.689.000,00

337.000,00

 

Intangible fixed assets

513.000,00

660.000,00

164.000,00

 

Tangible fixed assets

3.052.000,00

3.029.000,00

173.000,00

 

Current assets

38.286.000,00

49.769.000,00

34.681.000,00

 

Inventories

7.926.000,00

10.193.000,00

7.518.000,00

 

Short-term receivables

28.844.000,00

35.707.000,00

24.554.000,00

 

Liquid assets

1.516.000,00

3.869.000,00

2.609.000,00

 

Other assets

 

245.000,00

406.000,00

 



Equity & Liabilities

 

TOTAL LIABILITIES

41.931.000,00

57.025.000,00

35.424.000,00

 

Equity

9.158.000,00

13.686.000,00

7.038.000,00

 

Share capital

6.200.000,00

100.000,00

100.000,00

 

Capital funds

 

7.100.000,00

4.323.000,00

 

Statutory funds

10.000,00

2.113.000,00

2.016.000,00

 

Retained earnings

1.640.000,00

499.000,00

296.000,00

 

Profit or loss for the current period

1.308.000,00

3.874.000,00

303.000,00

 

LIABILITIES

29.177.000,00

43.339.000,00

27.515.000,00

 

Short-term liabilities

17.655.000,00

33.386.000,00

23.629.000,00

 

Bank loans and borrowings

11.522.000,00

9.953.000,00

3.886.000,00

 

Short-term bank credits and loans

0,00

9.953.000,00

3.886.000,00

 

Other liabilities

3.596.000,00

 

871.000,00

 

Estimated payables

 

 

871.000,00

 

BALANCE SHEET TOTAL

41.931.000,00

57.025.000,00

35.424.000,00

 



Profit & Loss Account

 

Turnover

164.180.000,00

133.010.000,00

110.087.000,00

 

Change in internally produced inventory

97.000,00

24.124.000,00

1.965.000,00

 

Own work capitalized

 

 

5.000,00

 

Other operating revenues

231.000,00

333.000,00

4.033.000,00

 

Total operating income

164.508.000,00

157.467.000,00

116.090.000,00

 

Costs of sold goods

 

 

71.000,00

 

Purchased consumables and services

154.255.000,00

148.876.000,00

110.477.000,00

 

Staff costs

5.164.000,00

5.638.000,00

1.867.000,00

 

Taxes and charges

 

20.000,00

6.000,00

 

Depreciations of intangible and tangible assets

1.015.000,00

313.000,00

 

 

Other operating expenses

2.937.000,00

646.000,00

2.229.000,00

 

Total operating expenses

163.371.000,00

155.493.000,00

114.650.000,00

 

OPERATING PROFIT / LOSS

1.137.000,00

1.974.000,00

1.440.000,00

 

Financial income

4.319.000,00

4.126.000,00

40.000,00

 

Financial expenses

4.118.000,00

2.926.000,00

1.041.000,00

 

there of : Interest expenses

 

119.000,00

 

 

Extraordinary income

 

980.000,00

 

 

Extraordinary expenses

30.000,00

280.000,00

 

 

PROFIT/LOSS BEFORE TAX

 

3.874.000,00

439.000,00

 

Corporation income tax

 

 

136.000,00

 

PROFIT OR LOSS FOR THE CURRENT PERIOD

1.308.000,00

3.874.000,00

303.000,00



Partial Financials:

Amounts shown in Czech Koruna (CZK)  

2005

 



Equity & Liabilities

 

Share capital

9.000.000,00



The company is obliged by law to publish its financial statements.
The balance sheet data are from official sources.
2005-6 The complete financial statement has not been published and are not officially available.

The (official) balance sheet for 2004… includes mistakes in data structure or incorrect data.

 

 

 

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:

Československá obchodní banka, a. s.
Hodonín

 

 

 

Ratios:

 

2004

2003

2002

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

2,17

1,15

1,26

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

1,72

0,91

0,99

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

0,09

0,09

0,09

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

3,12

6,79

0,86

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

14,28

28,31

4,31

Return on sales ( ROS )
Net profit / Turnover

0,80

2,91

0,28

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

64,13

97,99

81,41

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

39,25

91,62

78,34

Debt Ratio
(Liabilities / Total Liabilities) * 100

69,58

76

77,67

Stock rotation in days
stock / (production consumption + expenses on sold goods) * 360

-

-

0

Net working capital
current assets - short term liabilities

CZK 20.631.000,00

CZK 16.383.000,00

CZK 11.052.000,00


Average values of ratios of enterprises with 100 or more employees in the sector of wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods are following:

Liquidity Ratio - 3.stage: 2,5
Liquidity Ratio - 2.stage: 1,7
Liquidity Ratio - 1.stage: 0,5
ROA: 2,5 %
ROE: 5,0 %
Receivables Maturity Date: 50 days
Liabilities Maturity Date: 55 days
Debt Ratio: 65 %

 

 

ADDITIONAL INFORMATION

 

 

 

Contact With Company:

Name and surname: Mrs. Turzíková
Function: accountant
Information given in report has been confirmed.

 

 

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