|
Name
|
:
|
Haljas Aktsiaselts
|
|
Name in English
|
:
|
Haljas Ltd
|
|
Original name
|
:
|
Haljas Aktsiaselts
|
|
|
|
Address
|
:
|
|
Manniku road 106c, Tallinn, 11216, Estonia
|
|
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|
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|
|
|
Legal Address
|
:
|
|
Manniku road 106c, Tallinn, 11216, Estonia
|
|
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|
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Other Addresses
|
:
|
|
legal:
|
|
Jaama 1A, Tallinn,
Estonia
|
|
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( the data cancelled since 19.11.2003 )
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Contacts
|
:
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|
-
|
E-mail
|
:
|
info@haljas.ee
|
|
-
|
Fax
|
:
|
(+372) 6518818
|
|
-
|
Phone
|
:
|
(+372) 6518800
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|
-
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URL
|
:
|
www.haljas.ee
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|
SUMMARY
Legal Form : AS
(Public limited company by Estonian Commercial Law)
|
Established : 1989
|
Employees : E: 50-99
|
Defaults registered : none
Remarks on payments
: none
|
Net Sales : 170 365
797.00 EEK ( for 12 months, ended
31.12.2006 )
|
|
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|
Credit Opinion
|
|
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Credit rating
|
:
|
Average creditworthiness. Business to be followed.
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|
Credit value
|
:
|
Maximum credit amount of 200 000 EUR is advised.
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|
Conclusion
|
:
|
Business relations may be established.
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Year of Foundation
|
:
|
1989
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|
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|
Registration Data
|
|
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|
Date of registration
|
:
|
04.07.1996
|
|
Registration number
|
:
|
10040963
|
|
Registr. authority
|
:
|
Country Court (Tallinn,
Estonia)
|
|
|
|
Date of registration
|
:
|
01.01.1994
|
|
Tax-payer code
|
:
|
EE100064616
|
|
Registr. authority
|
:
|
Tax Office (Tallinn,
Estonia)
|
|
|
|
Legal Form
|
:
|
|
AS (Public limited company by Estonian Commercial Law)
|
since
04.07.1996
|
|
|
|
|
|
|
|
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|
|
|
Share Capital
|
:
|
|
5 000 000 EEK (registered)
|
since
08.12.2004
|
|
|
|
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|
|
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|
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|
Shareholders
|
:
|
|
-
|
Mr Mehtijev, Movsum (Estonia)
|
100.00 %
|
|
|
|
share's book
value
|
:
|
5 000 000 EEK
|
|
|
|
|
reg. number
|
:
|
36202060334
|
|
|
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Board / Executives
|
|
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Board
|
|
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|
Member of the board
|
:
|
|
Mr Laineste, Lembit (Estonia)
|
|
|
pers. code: 36001084227
|
|
|
|
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|
Member of the board
|
:
|
|
Mr Roosma, Ain (Estonia)
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|
|
pers. code: 36406060238
|
|
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Member of the Council
|
:
|
|
Mrs Dedjajeva, Jelena (Estonia)
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|
|
pers. code: 47012070244
|
|
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Member of the Council
|
:
|
|
Mrs Godoreva, Tatjana (Estonia)
|
|
|
pers. code: 46810200317
|
|
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Member of the Council
|
:
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|
Mr Kiik, Urmas (Estonia)
|
|
|
pers. code: 37210120287
|
|
|
|
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|
Member of the Council
|
:
|
|
Mr Mehtijev, Movsum (Estonia)
|
|
|
pers. code: 36202060334
|
|
|
|
|
|
Member of the board
|
:
|
|
Mr Tobler, Edgar (Estonia)
|
|
|
pers. code: 37710230314
|
|
|
|
|
|
|
|
( the data cancelled since 14.06.2007 )
|
|
Member of the board
|
:
|
personal code: 36304240225.
|
|
|
|
( the data cancelled since 20.02.2007 )
|
|
Member of the Council
|
:
|
|
Mr Terase, Toivo (Estonia)
|
|
|
|
personal code: 34312130235.
|
|
|
|
( the data cancelled since 31.03.2005 )
|
|
Member of the Council
|
:
|
|
Mrs Konstantinova, Ljudmilla (Estonia)
|
|
|
|
personal code: 43608120353.
|
|
|
|
( the data cancelled since 30.06.1999 )
|
|
Member of the Council
|
:
|
|
Mr Mirzalijev, Jasar (Estonia)
|
|
|
|
personal code: 36107060356.
|
|
|
|
( the data cancelled since 15.05.1998 )
|
|
|
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Executives
|
|
|
|
Auditor
|
:
|
|
Mr Nommiste, Mati (Estonia)
|
|
|
pers. code: 35702180356
|
|
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Signature Right
|
:
|
Mr Laineste, Lembit
|
|
|
|
Mr Roosma, Ain
|
|
|
|
Changes in Registration
Data
|
|
|
|
- 14.06.2007
|
:
|
|
|
|
|
- 20.02.2007
|
:
|
|
|
|
|
- 22.02.2006
|
:
|
|
|
|
|
- 31.03.2005
|
:
|
|
|
|
|
- 08.12.2004
|
:
|
|
|
|
|
- 19.11.2003
|
:
|
Old address is Jaama 1a, Tallinn.
|
|
|
|
- 30.06.1999
|
:
|
|
|
|
|
- 27.11.1998
|
:
|
|
|
|
|
- 15.05.1998
|
:
|
|
|
|
|
- 03.11.1997
|
:
|
|
|
|
|
Activities
|
:
|
|
-
|
514
|
Groceries and Related Products
|
|
-
|
518
|
Beer, Wine, and Distilled Beverages
|
|
|
|
|
|
|
|
|
|
|
* Import, export & wholesale.
Trade marks: SZEGEDI PAPRIKA RT., DUTCH LADY, TATE & LYLE, LINCO, SWEET
ANGEL, NATURA, ANATOLS, HAME, AMICO, ADRIANA, 4U, KOLINSKA, HAME, DELHUS,
ENKAY, KORONA, EKO, PICK. GREIZINGER, SANTAMARIA, MERYSA etc.
Activity on the basis of international business activity classification
system of NACE:
G .51.39 - Non-specialized wholesale of food, beverages and tobacco
/according to Commercial Register/
|
|
|
|
Employees
|
:
|
|
|
|
|
Employees History
|
:
|
|
-
|
51
|
|
|
( the data as of 12.2006 )
|
|
|
|
-
|
51
|
|
|
|
( the data as of 12.2005 )
|
|
|
|
-
|
64
|
|
|
|
( the data as of 12.2004 )
|
|
|
|
|
|
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|
|
Export
|
:
|
Azerbaijan, Czechia, Germany,
Kazakhstan, Latvia, Lithuania,
Turkmenistan, Ukraine, Finland,
Ireland Republic
|
|
|
|
|
|
yes
|
|
|
|
|
|
15% of sales in 2005.
3% of sales in 2004.
10% of sales in 2003.
|
|
|
|
Import
|
:
|
Argentina, Azerbaijan, Belgium, China Peoples Republic, Great Britain,
Iran, Italy, Pakistan, Poland, Sri Lanka, Germany, Slovakia, Czechia, Turkey,
Ukraine, Hungary, Russian Federation
|
|
|
|
|
|
yes
|
|
|
|
Branches
|
:
|
|
|
yes
|
|
|
|
-
|
Office (Tallinn, Estonia)
|
|
|
name
|
:
|
Haljas AS
|
|
|
address
|
:
|
Jaama 1a, Tallinn,
Estonia
|
|
|
|
-
|
Shop (Tallinn, Estonia)
|
|
|
name
|
:
|
Haljas
|
|
|
address
|
:
|
Manniku road 106c, Tallinn, 11216, Estonia
|
|
|
|
-
|
Warehouse (Tallinn, Estonia)
|
|
|
name
|
:
|
Haljas
|
|
|
address
|
:
|
Manniku road 106c, Tallinn, 11216, Estonia
|
|
|
|
|
|
|
|
|
|
Participation
|
:
|
|
-
|
Landend OU (Estonia)
|
100.00 %
|
|
|
/Trading mediation and real estate operations/
|
|
|
|
|
-
|
Haljas KZ TOO (Kazakhstan)
|
70.00 %
|
|
|
|
/Import & wholesale of groceries/
|
|
|
|
|
|
|
yes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers
|
:
|
|
-
|
Eesti Krediidipank AS (Estonia)
|
|
|
address
|
:
|
Tallinn, Estonia
|
|
|
bank code
|
:
|
742
|
|
|
|
-
|
Hansapank AS (Estonia)
|
|
|
bank code
|
:
|
706
|
|
|
|
-
|
SEB Eesti Uhispank AS (Estonia)
|
|
|
address
|
:
|
Tallinn, Estonia
|
|
|
bank code
|
:
|
401
|
|
|
|
|
|
|
|
|
|
Clients
|
:
|
Over 2000 companies
|
|
|
|
Suppliers
|
:
|
About 30 permanent suppliers around the world
|
|
|
|
Defaults Registered
|
:
|
|
|
|
|
Debts Registered
|
:
|
|
|
|
|
|
|
According to the Tax Authorities the
subject has no remarks on tax payments as at 17.09.2007.
TAX DEBTS history
----------------------------
DATE SUM EEK
----------------------------
01.03.2003 2 520
01.04.2003 2 520
01.05.2003 3 500
01.06.2003 3 500
----------------------------
|
|
|
|
Commercial Pledges
|
:
|
|
|
|
|
|
|
Commercial pledges:
1 holder of pledge: AS Eesti Krediidipank
amount of pledge: 9 000 000 EEK
since: 25.02.2003.
2 holder of pledge: AS Eesti Krediidipank
amount of pledge: 2 500 000 EEK
since: 12.07.2007.
|
|
|
|
Financial Data
|
|
|
|
|
Period, months |
12 |
|
12 |
|
12 |
|
Ended |
31.12.2006 |
|
31.12.2005 |
|
31.12.2004 |
|
Currency |
EEK |
|
EEK |
|
EEK |
|
|
|
Non-current assets |
36 780 166.00 |
|
21 470 027.00 |
|
19 033 946.00 |
|
incl: - Fixed assets |
14 819 732.00 |
|
21 294 186.00 |
|
19 033 946.00 |
|
- Financial assets |
21 960 434.00 |
|
175 841.00 |
|
|
|
Current assets |
50 493 805.00 |
|
37 050 076.00 |
|
27 796 681.00 |
|
incl: - Stock |
26 729 672.00 |
|
21 699 205.00 |
|
16 681 117.00 |
|
- Debtors |
23 120 648.00 |
|
14 986 612.00 |
|
10 627 251.00 |
|
- Cash |
643 485.00 |
|
364 259.00 |
|
488 313.00 |
|
ASSETS TOTAL |
87 273 971.00 |
|
58 520 103.00 |
|
46 830 627.00 |
|
Equity |
22 560 987.00 |
|
13 788 548.00 |
|
11 152 974.00 |
|
incl: - Share capital |
5 000 000.00 |
|
5 000 000.00 |
|
5 000 000.00 |
|
Liabilities Total |
64 712 984.00 |
|
44 731 555.00 |
|
35 677 653.00 |
|
incl: - Long-term liabilities |
20 605 887.00 |
|
6 026 640.00 |
|
9 181 745.00 |
|
- Short-term liabilities |
44 107 097.00 |
|
38 704 915.00 |
|
26 495 908.00 |
|
EQUITY AND LIABILITIES TOTAL |
87 273 971.00 |
|
58 520 103.00 |
|
46 830 627.00 |
|
Net sales |
170 365 797.00 |
|
161 713 089.00 |
|
140 105 006.00 |
|
Cost of goods sold |
|
|
|
|
|
|
Operating profit |
8 681 520.00 |
|
24 676.00 |
|
-1 330 321.00 |
|
Profit before taxation |
11 628 806.00 |
|
-637 144.00 |
|
-2 399 949.00 |
|
Net profit |
10 972 437.00 |
|
-768 368.00 |
|
-2 399 949.00 |
|
|
|
- - - R a t i o s - - - - - - - - - - |
|
|
|
|
|
|
Return on sales, % |
6.83 |
|
-0.39 |
|
-1.71 |
|
Profit before taxation / Net sales |
|
|
|
|
|
|
Operating margin of profit, % |
5.10 |
|
0.02 |
|
-0.95 |
|
Operating profit / Net sales |
|
|
|
|
|
|
Return on investment, % |
51.54 |
|
-4.62 |
|
-21.52 |
|
Profit before taxation / Equity |
|
|
|
|
|
|
Current assets turnover |
3.37 |
|
4.36 |
|
5.04 |
|
Net sales / Current assets |
|
|
|
|
|
|
Working capital |
6 386 708.00 |
|
-1 654 839.00 |
|
1 300 773.00 |
|
Current assets - Short-term liabilities |
|
|
|
|
|
|
Leverage |
0.26 |
|
0.24 |
|
0.24 |
|
Equity / Total assets |
|
|
|
|
|
|
Current ratio |
1.14 |
|
0.96 |
|
1.05 |
|
Current assets / Short-term liabilities |
|
|
|
|
|
|
Quick ratio |
0.54 |
|
0.40 |
|
0.42 |
|
(Current assets - Stock) / Short-term liabilities |
|
|
|
|
|
|
Debt-to-equity ratio |
2.87 |
|
3.24 |
|
3.20 |
|
Total liabilities / Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Publications
|
|
|
|
- 10.02.2006
|
:
|
|
|
|
According to the company HALJAS last year turnover was 162.1 mio EEK
and profits 0.4 mio EEK.
|
|
|
|
|
|
|
|
- 04.11.2004
|
:
|
|
|
|
HALJAS 9 months 2004 turnover was 109.5 mio EEK /117 mio EEK last
year/ and losses 0.1 mio EEK /0.3 mio EEK profits last year/.
|
|
|
|
|
|
|
|
- 26.08.2004
|
:
|
|
|
|
HALJAS half-year 2004 turnover was 81.6 mio EEK /75.8 mio EEK last
year/ and profits 3 mio EEK /0.2 mio EEK last year/.
|
|
|
|
|
|
|
|
Comments
|
|
|
|
|
Company was 386th in the Estonian TOP500 by Turnover in 2005.
|
|
|
|
|
|
|
|
|
|
There is no further information on the
company from the sources available.
Company phones & address are correct.
We could not reach the company's administration by known phones on :
administration`s phone is calling but nobody answers. Other persons do not
have an authority to give information about the company.
If/when additional information is obtained we will supplement this report
immediately.
The address mentioned in the inquiry is the company's former address.
|
|
|
|
Events History
|
:
|
The company was founded in 1989.
|
|
|
|
Registration History
|
|
|
|
- 1989
|
:
|
|
Other Code
|
:
|
1175061
|
|
Registr. authority
|
:
|
Commercial Register (Tallinn,
Estonia)
|
|
|
|
|
|
|
|
|
( the data as of 1989 )
|
|
|
|
Capital History
|
|
|
|
- 27.11.1998
|
:
|
8 000 000 EEK (registered)
|
|
|
|
( the data as of 27.11.1998, cancelled
since 08.12.2004 )
|
|
|
|
- 03.11.1997
|
:
|
2 000 000 EEK (registered)
|
|
|
|
( the data as of 03.11.1997, cancelled
since 27.11.1998 )
|
|
|
|
- 04.07.1996
|
:
|
800 000 EEK (registered)
|
|
|
|
( the data as of 04.07.1996, cancelled
since 03.11.1997 )
|
|
|
|
APPENDIX A
|
|
|
|
|
|
Financial Statements
|
|
|
|
- 31.12.2006
|
:
|
|
Fiscal period:
12 month(s), currency: EEK
|
|
|
BALANCE SHEET |
|
|
|
|
|
|
A S S E T S |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
1. Cash at bank and in hand |
643 485.00 |
|
2. Shares and other securities |
|
|
3. Short-term receivables |
20 549 467.00 |
|
Accounts receivable |
20 549 467.00 |
|
Notes receivable |
|
|
Provision for doubtful receivables |
|
|
4. Other receivables |
2 422 554.00 |
|
Receivables from subsidiaries and parent companies |
29 966.00 |
|
Receivables from affiliated companies |
|
|
Receivables from shareholders |
|
|
Other receivables |
2 392 588.00 |
|
5. Accrued income |
148 627.00 |
|
Interest receivable |
|
|
Dividends receivable |
|
|
Other accrued income |
148 627.00 |
|
6. Prepaid expenses |
|
|
Prepaid taxes |
|
|
Other prepaid expenses |
|
|
7. Inventories |
26 729 672.00 |
|
Raw materials |
|
|
Work in progress |
|
|
Finished goods |
|
|
Goods for resale |
26 729 672.00 |
|
Prepayments to suppliers |
|
|
TOTAL CURRENT ASSETS |
50 493 805.00 |
|
|
|
|
|
NON-CURRENT ASSETS |
|
|
8. Long-term financial assets |
21 960 434.00 |
|
Shares in subsidiary companies |
|
|
Long-term receivables from subsidiaries and parent |
8 260 434.00 |
|
companies |
|
|
Shares in affiliated companies |
|
|
Long-term receivables from affiliated companies |
|
|
Other shares and securities |
|
|
Other long-term receivables |
13 700 000.00 |
|
Long-term accounts receivable |
|
|
9. Fixed assets |
14 819 732.00 |
|
Land and buildings (gross carrying amount) |
|
|
Plant and equipment (gross carrying amount) |
|
|
Other equipment and fixtures (gross carrying amount) |
|
|
Accumulated depreciation (minus) |
|
|
Construction in progress |
|
|
Advance payments for fixed assets |
|
|
10. Intangible assets |
|
|
Organization costs |
|
|
Development and research costs |
|
|
|
|
|
|
Purchased concessions, franchises, patents, licences |
|
|
trademarks, etc. |
|
|
Goodwill |
|
|
Advance payments for intangible assets |
|
|
TOTAL NON-CURRENT ASSETS |
36 780 166.00 |
|
TOTAL ASSETS |
87 273 971.00 |
|
|
|
|
|
LIABILITIES AND OWNERS' EQUITY |
|
|
|
|
|
|
L I A B I L I T I E S |
|
|
SHORT-TERM LIABILITIES |
|
|
11. Short-term loans and notes |
6 210 622.00 |
|
Unsecured debt |
|
|
Convertible debt |
|
|
Current portion of long-term debt |
6 210 622.00 |
|
Current portion of long-term capital leases |
|
|
Short-term loans from credit institutions |
|
|
12. Customer advances for goods and services |
808 446.00 |
|
13. Trade debts |
27 859 403.00 |
|
Short-term trade creditors |
|
|
Accounts payable |
27 859 403.00 |
|
Notes payable |
|
|
14. Other payables |
|
|
Payables to subsidiary or parent companies |
|
|
Payables to affiliated companies |
|
|
Other payables |
|
|
15. Tax liabilities |
2 743 502.00 |
|
16. Accrued expenses |
748 642.00 |
|
Accrued payroll |
748 642.00 |
|
Accrued dividends |
|
|
Accrued interests |
|
|
Other accrued expenses |
|
|
17. Short-term provisions |
5 736 482.00 |
|
18. Other deferred income |
|
|
TOTAL SHORT-TERM LIABILITIES |
44 107 097.00 |
|
|
|
|
|
LONG-TERM LIABILITIES |
|
|
19. Long-term liabilities |
20 605 887.00 |
|
Nonconvertible debt |
|
|
Convertible debt |
|
|
Bank loans |
20 605 887.00 |
|
Long-term capital leases payments |
|
|
Other loans from credit institutions |
|
|
20. Other long-term debts |
|
|
Long-term accounts payable |
|
|
Debts to subsidiaries and parent companies |
|
|
Debts to affiliated companies |
|
|
21. Provisions |
|
|
Pension liabilities |
|
|
Other provisions |
|
|
TOTAL LONG-TERM LIABILITIES |
20 605 887.00 |
|
TOTAL LIABILITIES |
64 712 984.00 |
|
|
|
|
|
EQUITY |
|
|
22. Share capital (par value) |
5 000 000.00 |
|
23. Paid-in capital over/under par value |
3 000 000.00 |
|
|
|
|
|
24. Donated capital |
|
|
25. Revaluation reserve |
|
|
26. Other reserves |
800 000.00 |
|
Statutory and legal reserves |
800 000.00 |
|
|
|
|
|
Other reserves |
|
|
27. Retained earnings brought forward from previous years |
2 788 550.00 |
|
28. Net profit (loss) for the current year |
10 972 437.00 |
|
29. Treasury shares (minus) |
|
|
|
|
|
|
TOTAL EQUITY |
22 560 987.00 |
|
LIABILITIES AND EQUITY |
87 273 971.00 |
|
|
|
|
|
INCOME STATEMENT |
|
|
Format 1 |
|
|
|
|
|
|
Revenue |
|
|
1. Net sales |
170 365 797.00 |
|
2. Change in work-in-progress, finished goods, inventories |
|
|
|
|
|
|
3. Capitalized self-constructed assets |
|
|
|
|
|
|
4. Other revenue |
8 911 519.00 |
|
Total revenue |
179 277 316.00 |
|
|
|
|
|
Expenses |
|
|
5. Materials, consumables and supplies |
153 231 060.00 |
|
6. Other operating expenses |
6 995 141.00 |
|
7. Administrative expenses |
9 039 771.00 |
|
a) wages and salaries |
6 783 487.00 |
|
b) social security and other costs |
2 256 284.00 |
|
c) pension expenses |
|
|
8. Depreciation |
1 230 173.00 |
|
a) depreciation, amortization and value adjustments |
|
|
b) value adjustment of current assets |
|
|
9. Other expenses |
99 651.00 |
|
Total expenses |
170 595 796.00 |
|
Operating profit (loss) |
8 681 520.00 |
|
|
|
|
|
10. Financial income |
|
|
a) income from participating in subsidiary companies |
|
|
b) income from participating in affiliated companies |
|
|
c) income from other long-term financial investments |
3 692 285.00 |
|
|
|
|
|
d) foreign currencies exchange gains |
|
|
e) other interests and similar income |
364 130.00 |
|
Total financial income |
4 056 415.00 |
|
|
|
|
|
11. Financial expenses |
|
|
a) financial expenses related to subsidiary companies |
|
|
|
|
|
|
b) financial expenses related to affiliated companies |
|
|
|
|
|
|
c) interest expenses |
1 109 129.00 |
|
d) foreign currencies exchange losses |
|
|
e) value adjustments in respect of current and long-term |
|
|
financial assets |
|
|
f) other financial expenses |
|
|
|
|
|
|
Total financial expenses |
1 109 129.00 |
|
|
|
|
|
Profit (loss) from ordinary activity |
11 628 806.00 |
|
|
|
|
|
12. Extraordinary income |
|
|
13. Extraordinary expenses |
|
|
|
|
|
|
Profit before taxes |
11 628 806.00 |
|
|
|
|
|
14. Taxes |
656 369.00 |
|
|
|
|
|
Net profit (loss) for the fiscal period |
10 972 437.00 |
|
|
|
|
|
|
|
|
|
|
|
- 31.12.2005
|
:
|
|
Fiscal period:
12 month(s), currency: EEK
|
|
|
INCOME STATEMENT |
|
|
Format 1 |
|
|
|
|
|
|
Revenue |
|
|
1. Net sales |
161 713 089.00 |
|
2. Change in work-in-progress, finished goods, inventories |
|
|
|
|
|
|
3. Capitalized self-constructed assets |
|
|
|
|
|
|
4. Other revenue |
491 094.00 |
|
Total revenue |
162 204 183.00 |
|
|
|
|
|
Expenses |
|
|
5. Materials, consumables and supplies |
148 018 768.00 |
|
6. Other operating expenses |
4 113 598.00 |
|
7. Administrative expenses |
7 955 887.00 |
|
a) wages and salaries |
5 963 442.00 |
|
b) social security and other costs |
1 992 445.00 |
|
c) pension expenses |
|
|
8. Depreciation |
1 541 567.00 |
|
a) depreciation, amortization and value adjustments |
1 541 567.00 |
|
b) value adjustment of current assets |
|
|
9. Other expenses |
549 687.00 |
|
Total expenses |
162 179 507.00 |
|
Operating profit (loss) |
24 676.00 |
|
|
|
|
|
10. Financial income |
|
|
a) income from participating in subsidiary companies |
|
|
b) income from participating in affiliated companies |
|
|
c) income from other long-term financial investments |
|
|
|
|
|
|
d) foreign currencies exchange gains |
|
|
e) other interests and similar income |
237 326.00 |
|
Total financial income |
237 326.00 |
|
|
|
|
|
11. Financial expenses |
|
|
a) financial expenses related to subsidiary companies |
|
|
|
|
|
|
b) financial expenses related to affiliated companies |
|
|
|
|
|
|
c) interest expenses |
899 146.00 |
|
d) foreign currencies exchange losses |
|
|
e) value adjustments in respect of current and long-term |
|
|
financial assets |
|
|
f) other financial expenses |
|
|
|
|
|
|
Total financial expenses |
899 146.00 |
|
|
|
|
|
Profit (loss) from ordinary activity |
-637 144.00 |
|
|
|
|
|
12. Extraordinary income |
|
|
13. Extraordinary expenses |
|
|
|
|
|
|
Profit before taxes |
-637 144.00 |
|
|
|
|
|
14. Taxes |
131 224.00 |
|
|
|
|
|
Net profit (loss) for the fiscal period |
-768 368.00 |
|
|
|
|
|
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
|
|
BALANCE SHEET |
|
|
|
|
|
|
A S S E T S |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
1. Cash at bank and in hand |
334 293.00 |
|
2. Shares and other securities |
29 966.00 |
|
3. Short-term receivables |
12 276 323.00 |
|
Accounts receivable |
12 276 323.00 |
|
Notes receivable |
|
|
Provision for doubtful receivables |
|
|
4. Other receivables |
2 437 556.00 |
|
Receivables from subsidiaries and parent companies |
|
|
Receivables from affiliated companies |
|
|
Receivables from shareholders |
|
|
Other receivables |
2 437 556.00 |
|
5. Accrued income |
|
|
Interest receivable |
|
|
Dividends receivable |
|
|
Other accrued income |
|
|
6. Prepaid expenses |
272 733.00 |
|
Prepaid taxes |
|
|
Other prepaid expenses |
272 733.00 |
|
7. Inventories |
21 699 205.00 |
|
Raw materials |
|
|
Work in progress |
|
|
Finished goods |
|
|
Goods for resale |
21 699 205.00 |
|
Prepayments to suppliers |
|
|
TOTAL CURRENT ASSETS |
37 050 076.00 |
|
|
|
|
|
NON-CURRENT ASSETS |
|
|
8. Long-term financial assets |
175 841.00 |
|
Shares in subsidiary companies |
|
|
Long-term receivables from subsidiaries and parent |
|
|
companies |
|
|
Shares in affiliated companies |
|
|
Long-term receivables from affiliated companies |
|
|
Other shares and securities |
|
|
Other long-term receivables |
175 841.00 |
|
Long-term accounts receivable |
|
|
9. Fixed assets |
21 294 186.00 |
|
Land and buildings (gross carrying amount) |
|
|
Plant and equipment (gross carrying amount) |
|
|
Other equipment and fixtures (gross carrying amount) |
|
|
Accumulated depreciation (minus) |
|
|
Construction in progress |
|
|
Advance payments for fixed assets |
|
|
10. Intangible assets |
|
|
Organization costs |
|
|
Development and research costs |
|
|
|
|
|
|
Purchased concessions, franchises, patents, licences |
|
|
trademarks, etc. |
|
|
Goodwill |
|
|
Advance payments for intangible assets |
|
|
TOTAL NON-CURRENT ASSETS |
21 470 027.00 |
|
TOTAL ASSETS |
58 520 103.00 |
|
|
|
|
|
LIABILITIES AND OWNERS' EQUITY |
|
|
|
|
|
|
L I A B I L I T I E S |
|
|
SHORT-TERM LIABILITIES |
|
|
11. Short-term loans and notes |
5 837 225.00 |
|
Unsecured debt |
|
|
Convertible debt |
|
|
Current portion of long-term debt |
5 837 225.00 |
|
Current portion of long-term capital leases |
|
|
Short-term loans from credit institutions |
|
|
12. Customer advances for goods and services |
138 480.00 |
|
13. Trade debts |
26 261 200.00 |
|
Accounts payable |
26 261 200.00 |
|
Notes payable |
|
|
14. Other payables |
|
|
Payables to subsidiary or parent companies |
|
|
Payables to affiliated companies |
|
|
Other payables |
|
|
15. Tax liabilities |
2 151 221.00 |
|
16. Accrued expenses |
670 858.00 |
|
Accrued payroll |
|
|
Accrued dividends |
|
|
Accrued interests |
|
|
Other accrued expenses |
670 858.00 |
|
17. Short-term provisions |
3 645 931.00 |
|
18. Other deferred income |
|
|
TOTAL SHORT-TERM LIABILITIES |
38 704 915.00 |
|
|
|
|
|
LONG-TERM LIABILITIES |
|
|
19. Long-term liabilities |
6 026 640.00 |
|
Nonconvertible debt |
|
|
Convertible debt |
|
|
Bank loans |
|
|
Long-term capital leases payments |
6 026 640.00 |
|
Other loans from credit institutions |
|
|
20. Other long-term debts |
|
|
Long-term accounts payable |
|
|
Debts to subsidiaries and parent companies |
|
|
Debts to affiliated companies |
|
|
21. Provisions |
|
|
Pension liabilities |
|
|
Other provisions |
|
|
TOTAL LONG-TERM LIABILITIES |
6 026 640.00 |
|
TOTAL LIABILITIES |
44 731 555.00 |
|
|
|
|
|
EQUITY |
|
|
22. Share capital (par value) |
5 000 000.00 |
|
23. Paid-in capital over/under par value |
3 000 000.00 |
|
|
|
|
|
24. Donated capital |
|
|
25. Revaluation reserve |
|
|
26. Other reserves |
800 000.00 |
|
Statutory and legal reserves |
800 000.00 |
|
|
|
|
|
Other reserves |
|
|
27. Retained earnings brought forward from previous years |
5 756 916.00 |
|
28. Net profit (loss) for the current year |
-768 368.00 |
|
29. Treasury shares (minus) |
|
|
|
|
|
|
TOTAL EQUITY |
13 788 548.00 |
|
LIABILITIES AND EQUITY |
58 520 103.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 31.12.2004
|
:
|
|
Fiscal period:
12 month(s), currency: EEK
|
|
|
INCOME STATEMENT |
|
|
Format 1 |
|
|
|
|
|
|
Revenue |
|
|
1. Net sales |
140 105 006.00 |
|
2. Change in work-in-progress, finished goods, inventories |
|
|
|
|
|
|
3. Capitalized self-constructed assets |
|
|
|
|
|
|
4. Other revenue |
168 032.00 |
|
Total revenue |
140 273 038.00 |
|
|
|
|
|
Expenses |
|
|
5. Materials, consumables and supplies |
122 993 152.00 |
|
6. Other operating expenses |
7 264 103.00 |
|
7. Administrative expenses |
8 809 274.00 |
|
a) wages and salaries |
6 600 547.00 |
|
b) social security and other costs |
2 208 727.00 |
|
c) pension expenses |
|
|
8. Depreciation |
2 536 830.00 |
|
a) depreciation, amortization and value adjustments |
2 536 830.00 |
|
b) value adjustment of current assets |
|
|
9. Other expenses |
|
|
Total expenses |
141 603 359.00 |
|
Operating profit (loss) |
-1 330 321.00 |
|
|
|
|
|
10. Financial income |
|
|
a) income from participating in subsidiary companies |
|
|
b) income from participating in affiliated companies |
|
|
c) income from other long-term financial investments |
|
|
|
|
|
|
d) foreign currencies exchange gains |
|
|
e) other interests and similar income |
7 142.00 |
|
Total financial income |
7 142.00 |
|
|
|
|
|
11. Financial expenses |
|
|
a) financial expenses related to subsidiary companies |
5 793.00 |
|
|
|
|
|
b) financial expenses related to affiliated companies |
|
|
|
|
|
|
c) interest expenses |
1 070 977.00 |
|
d) foreign currencies exchange losses |
|
|
e) value adjustments in respect of current and long-term |
|
|
financial assets |
|
|
f) other financial expenses |
|
|
|
|
|
|
Total financial expenses |
1 076 770.00 |
|
|
|
|
|
Profit (loss) from ordinary activity |
-2 399 949.00 |
|
|
|
|
|
12. Extraordinary income |
|
|
13. Extraordinary expenses |
|
|
|
|
|
|
Profit before taxes |
-2 399 949.00 |
|
|
|
|
|
14. Taxes |
|
|
|
|
|
|
Net profit (loss) for the fiscal period |
-2 399 949.00 |
|
|
|
|
|
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
|
|
BALANCE SHEET |
|
|
|
|
|
|
A S S E T S |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
1. Cash at bank and in hand |
458 347.00 |
|
2. Shares and other securities |
29 966.00 |
|
3. Short-term receivables |
8 903 989.00 |
|
Accounts receivable |
11 192 403.00 |
|
Notes receivable |
|
|
Provision for doubtful receivables |
-2 288 414.00 |
|
4. Other receivables |
1 297 403.00 |
|
Receivables from subsidiaries and parent companies |
1 251 726.00 |
|
Receivables from affiliated companies |
|
|
Receivables from shareholders |
|
|
Other receivables |
45 677.00 |
|
5. Accrued income |
23.00 |
|
Interest receivable |
23.00 |
|
Dividends receivable |
|
|
Other accrued income |
|
|
6. Prepaid expenses |
425 836.00 |
|
Prepaid taxes |
144 095.00 |
|
Other prepaid expenses |
281 741.00 |
|
7. Inventories |
16 681 117.00 |
|
Raw materials |
|
|
Work in progress |
2 217.00 |
|
Finished goods |
|
|
Goods for resale |
16 499 397.00 |
|
Prepayments to suppliers |
179 503.00 |
|
TOTAL CURRENT ASSETS |
27 796 681.00 |
|
|
|
|
|
NON-CURRENT ASSETS |
|
|
8. Long-term financial assets |
|
|
Shares in subsidiary companies |
|
|
Long-term receivables from subsidiaries and parent |
|
|
companies |
|
|
Shares in affiliated companies |
|
|
Long-term receivables from affiliated companies |
|
|
Other shares and securities |
|
|
Other long-term receivables |
|
|
Long-term accounts receivable |
|
|
9. Fixed assets |
19 033 946.00 |
|
Land and buildings (gross carrying amount) |
22 127 150.00 |
|
Plant and equipment (gross carrying amount) |
8 118 672.00 |
|
Other equipment and fixtures (gross carrying amount) |
2 707 766.00 |
|
Accumulated depreciation (minus) |
-13 919 642.00 |
|
Construction in progress |
|
|
Advance payments for fixed assets |
|
|
10. Intangible assets |
|
|
Organization costs |
|
|
Development and research costs |
|
|
|
|
|
|
Purchased concessions, franchises, patents, licences |
|
|
trademarks, etc. |
|
|
Goodwill |
|
|
Advance payments for intangible assets |
|
|
TOTAL NON-CURRENT ASSETS |
19 033 946.00 |
|
TOTAL ASSETS |
46 830 627.00 |
|
|
|
|
|
LIABILITIES AND OWNERS' EQUITY |
|
|
|
|
|
|
L I A B I L I T I E S |
|
|
SHORT-TERM LIABILITIES |
|
|
11. Short-term loans and notes |
5 032 914.00 |
|
Unsecured debt |
|
|
Convertible debt |
|
|
Current portion of long-term debt |
2 291 022.00 |
|
Current portion of long-term capital leases |
|
|
Short-term loans from credit institutions |
2 741 892.00 |
|
12. Customer advances for goods and services |
78 526.00 |
|
13. Trade debts |
14 828 805.00 |
|
Accounts payable |
14 828 805.00 |
|
Notes payable |
|
|
14. Other payables |
|
|
Payables to subsidiary or parent companies |
|
|
Payables to affiliated companies |
|
|
Other payables |
|
|
15. Tax liabilities |
1 760 709.00 |
|
16. Accrued expenses |
650 339.00 |
|
Accrued payroll |
574 248.00 |
|
Accrued dividends |
|
|
Accrued interests |
67 095.00 |
|
Other accrued expenses |
8 996.00 |
|
17. Short-term provisions |
4 144 615.00 |
|
18. Other deferred income |
|
|
TOTAL SHORT-TERM LIABILITIES |
26 495 908.00 |
|
|
|
|
|
LONG-TERM LIABILITIES |
|
|
19. Long-term liabilities |
9 181 745.00 |
|
Nonconvertible debt |
|
|
Convertible debt |
|
|
Bank loans |
9 181 745.00 |
|
Long-term capital leases payments |
|
|
Other loans from credit institutions |
|
|
20. Other long-term debts |
|
|
Long-term accounts payable |
|
|
Debts to subsidiaries and parent companies |
|
|
Debts to affiliated companies |
|
|
21. Provisions |
|
|
Pension liabilities |
|
|
Other provisions |
|
|
TOTAL LONG-TERM LIABILITIES |
9 181 745.00 |
|
TOTAL LIABILITIES |
35 677 653.00 |
|
|
|
|
|
EQUITY |
|
|
22. Share capital (par value) |
5 000 000.00 |
|
23. Paid-in capital over/under par value |
3 000 000.00 |
|
|
|
|
|
24. Donated capital |
|
|
25. Revaluation reserve |
|
|
26. Other reserves |
800 000.00 |
|
Statutory and legal reserves |
800 000.00 |
|
|
|
|
|
Other reserves |
|
|
27. Retained earnings brought forward from previous years |
4 752 923.00 |
|
28. Net profit (loss) for the current year |
-2 399 949.00 |
|
29. Treasury shares (minus) |
|
|
|
|
|
|
TOTAL EQUITY |
11 152 974.00 |
|
LIABILITIES AND EQUITY |
46 830 627.00 |
|
|
|
|
|
|
|
|
|
|
|
|
