MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
TERMET SPÓŁKA AKCYJNA |
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Registered Office : |
Wałbrzyska 33, 58-160 Świebodzice |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1945 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of non-electric domestic appliances Manufacture of electric domestic appliances |
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
TERMET SPÓŁKA AKCYJNA
WAŁBRZYSKA 33
58-160 ŚWIEBODZICE
Tel. 074/8540712
Fax. 074/8542798
http:// www.termet.com.pl
E-mail: termet@termet.com.pl
BASIC DATA
REGONCODE 890346982
VAT: 884-16-31-476
Nationwide Court Register KRS 0000041459
Legal form: JOINT STOCK COMPANY
Status: ACTIVE
Start of activity: 1945
Registering agency COURT OF COMMERCE WROCŁAW
Type :
Date of registration: 2001/09/07
NACE code 29.72
Manufacture of non-electric domestic appliances
NACE code 29.71
Manufacture of electric domestic appliances
Export
Region ESW
Central and Eastern
Import
Region EUZ
HS/CN code 8403----
NUCLEAR REACTORS, BOILERS, MACHINERY AND MECHANICAL APPLIANCES; PARTS THEREO
Central heating boilers, non-electric; parts thereof (excl. vapour generatin
boilers and super-heated water boilers of heading No 8402)
ORGANIZATIONAL-LEGAL
DATA
Register capital:
Value : 3900000.00 PLN
Number of shares: 390000
SHAREHOLDER
EMPLOYEES IN COMPANY
Value: 98,2%
SHAREHOLDER
TESTER SPÓŁKA ZO.O.
Identifier WAL0005698RK
AL. WYZWOLENIA 6/8
58-300
Tel. 074/8540086
Fax. 074/8545139
http:// www.tester.net.pl
E-mail: tester@tester.net.pl
Mail address:
PIASKOWA 19
58-160 ŚWIEBODZICE
Value: 1,8%
SUPERVIS.BOARD:
Surname : MIŚTA
Names : ANTONI
PESEL : 53041814712
Citizenship :
Addr.:
Country code :
SUPERVIS.BOARD:
Surname : SZWARC
Names : CZESŁAW
PESEL : 37072004876
Citizenship :
Addr.:
Country code :
SUPERVIS.BOARD:
Surname : KRZYSZTOFIK
Names : STEFAN MARIAN
PESEL : 52082703335
Citizenship :
Addr.:
Country code :
MANAG.:
MEMBER OF THE BOARD
Representation : WITH ONE ANOTHER/JOINTLY
Surname : BUTRYMOWICZ
Names : CZESŁAW
PESEL : 52060511233
Citizenship :
Addr.:
Country code :
MANAG.:
VICE-PRESIDENT OF THE BOARD
Representation : WITH ONE ANOTHER/JOINTLY
Surname : HUMEŃCZUK
Names : JERZY ANDRZEJ
PESEL : 53102309939
Citizenship :
Addr.:
Country code :
MANAG.:
MEMBER OF THE BOARD
Representation : WITH ONE ANOTHER/JOINTLY
Surname : KUBIS
Names : WANDA MARIA
PESEL : 57052101548
Citizenship :
Addr.:
Country code :
MANAG.:
PRESIDENT OF THE BOARD
Representation : WITH ONE ANOTHER/JOINTLY
Surname : SATYŁA
Names : RYSZARD
PESEL : 59020601775
Citizenship :
Addr.:
Country code :
SHARES IN OTHER
COMPANIES
WATH SPÓŁKA Z O.O.
Identifier CEN0219116CK
WAŁBRZYSKA 33
58-160 ŚWIEBODZICE
Tel. 074/8560601
Fax. 074/8540884
Value : 294000.00 PLN
Quant: 49
EMPLOYMENT
Total (MIN MAX) Productive(MIN MAX) Unprod.(MIN MAX) DATE FROM DATE TO
404-404 - - 2006/01/01-2006/12/31
437-437 - - 2005/01/01-2005/12/31
488-488 - - 2003/01/01-2003/12/31
940-940 - - 1999/01/01-1999/12/31
1300-1300 - - 1998/01/01-1998/12/31
1600-1600 - - 1997/01/01-1997/12/31
REAL ESTATE
Real estate: GN GROUNDS
OWN: Area from to Value Cur Number of mortgage reg.
122267-122267 609152.51 PLN
Real estate: BD BUILDINGS AND CONSTRUCTIONS
OWN: Area from to Value Cur Number of mortgage reg.
- 2329452.83 PLN
31.12.2006
SALES
2006/01/01 - 2006/12/31 71880694.62
2005/01/01 - 2005/12/31 73803159.98
2004/01/01 - 2004/12/31 93380973.96
2003/01/01 - 2003/12/31 76283000.00
1998/01/01 - 1998/12/31 103305440.00
FINANCIAL DATA
Financial statement
as on
2005/12/31 2006/12/31
ASSETS
A. Total
non-current assets:
7706536.96 9438338.01
I.Intangible assets:
3450.00 604052.71
1.Costs of
development activities: 0.00 0.00
2.Goodwill:
0.00 0.00
3.Other
intangible fixed assets: 3450.00 604052.71
4.Prepayments for intangible assets: 0.00 0.00
II.Fixed
assets:
6361165.76 7628364.10
1.tangible fixed assets: 6128288.73 7568684.77
a)land:
922451.18 609152.51
b)buildings:
1923435.45 2329452.83
c)machinery and equipment:
2161418.65 3183169.28
d)vehicles:
210813.14 155036.06
e)other
tangible fixed assets: 910170.31 1291874.09
2.Investments in progress:
232877.03 59679.33
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:
1341921.20 1205921.20
1.Real-estate property:
0.00 0.00
2.Intangible assets:
0.00 0.00
3.Long-term financial assets:
1341921.20 1205921.20
a)in
related companies:
0.00 0.00
-
shares:
0.00
-
other commercial papers:
0.00
-
provided loans: 0.00
-
other long-term financial assets: 0.00
b)in
other companies:
1341921.20 1205921.20
-
shares:
1206921.20 1205921.20
-
other commercial papers:
0.00 0.00
-
provided loans:
135000.00 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:
30183800.28 31587001.73
I.Inventory
13449249.71 18843117.60
1.Materials: 7988246.06 9129491.08
2.Semi-products and work in progress: 1442982.37 3257132.64
3.Finished goods:
3635196.44 6018543.06
4.Products:
311562.67 437950.82
5.Advance payment for delivery: 71262.17 0.00
II.Accounts
receivable: 16056369.72 12263219.22
1.From
related companies:
0.00 0.00
a)trade receivables:
0.00 0.00
-
within 12 months:
0.00
-
more than 12 months: 0.00
b)others:
0.00 0.00
2.From other companies:
0.00 12263219.22
a)trade receivables:
15485388.05 11852996.56
-
within 12 months:
15485388.05 11852996.56
-
more than 12 months:
0.00 0.00
b)tax
and social receivables:
1078.00 5016.00
c)other receivables:
569903.67 405206.66
d)accounts receiv. result. from disputable claims: 0.00 0.00
III.Short-term investments:
436671.15 258508.64
1.Short-term financial assets:
436671.15 258508.64
a)in related companies:
0.00 0.00
-
shares:
0.00
-
other commercial papers:
0.00
-
provided loans:
0.00
-
other short-term financial assets: 0.00
b)in
other companies:
0.00 0.00
-
shares:
0.00
-
other commercial papers: 0.00
-
provided loans:
0.00
-
other short-term financial assets: 0.00
c)cash
and other cash assets: 436671.15 258508.64
-
cash in hand and at bank: 436671.15 258508.64
-
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: 241509.70 222156.27
Total
assets (A+B):
37890337.24 41025339.74
LIABILITIES
A. Net worth:
11470090.62 11748863.13
I.Issued
capital:
3900000.00 3900000.00
II.Outstanding but unpaid contribution for share: 0.00 0.00
III.Entity's
own capital (negative): 0.00 0.00
IV.Reserve
capital:
3517494.64 3517494.64
V.Revaluation reserve:
0.00 0.00
VI.Other
reserve capitals:
2482128.09 4052595.98
VII.Profit/loss brutto forward:
0.00 0.00
VIII.Net
financial result for the year: 1570467.89 278772.51
IX.Write-offs from net profit:
|
0.00 0.00
B.Liabilities
& reserves:
26420246.62 29276476.11
I.Reserve
for liabilities:
1367516.40 1367516.40
1.Reserves for deffered income tax: 0.00 0.00
2.Reserves for retirement and similar: 1367516.40 1367516.40
-
long-term:
1200000.00 1200000.00
-
short-term:
167516.40 167516.40
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 666000.00
1.To
related companies:
0.00 0.00
2.To
other companies:
0.00 666000.00
a)credits and loans: 0.00 666000.00
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:
21925714.16 26163989.13
1.To
related companies:
0.00 0.00
a)trade
payable:
0.00 0.00
-
within 12 months:
0.00
- more
than 12 months:
0.00
b)other:
0.00 0.00
2.To
other companies: 21313338.30 25430093.45
a)bank
loans:
9401319.22 11575174.04
b)commercial papers:
0.00 0.00
c)other
financial liabilities: 0.00 0.00
d)trade
payables:
9175884.75 12344860.33
-
within 12 months:
9175884.75 12344860.33
- 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:
1236353.55 470162.28
h)payroll payable:
0.00 274789.61
i)other short-term liabilities: 1499780.78 765107.19
3.Special
funds:
612375.86 733895.68
IV.Accrued
liabilities: 3127016.06 1078970.58
1.Negative goodwill:
1973785.38 0.00
2.Other:
1153230.68 1078970.58
-
long-term: 1073230.68 1003970.58
-
short-term:
80000.00 75000.00
Total
liabilties (A+B):
37890337.24 41025339.24
Financial statement as on
2004/12/31
ASSETS
A. Total
non-current assets:
9649061.58
I.Intangible assets:
0.00
1.Costs
of development activities:
0.00
2.Goodwill:
0.00
3.Other
intangible fixed assets:
0.00
4.Prepayments for intangible assets:
0.00
II.Fixed
assets:
7656480.38
1.tangible fixed assets:
7404180.38
a)land:
1214735.54
b)buildings:
2739856.53
c)machinery and equipment:
2166476.72
d)vehicles:
304301.91
e)other
tangible fixed assets:
978809.68
2.Investments in progress:
252300.00
3.Investments in progress paid on accounts:
0.00
III.Long-term receivables:
0.00
1.From
related companies:
0.00
2.From
other companies:
0.00
IV.Long-term investments:
1606921.20
1.Real-estate property: 0.00
2.Intangible assets:
0.00
3.Long-term financial assets:
1606921.20
a)in
related companies:
0.00
-
shares:
0.00
-
other commercial papers: 0.00
-
provided loans:
0.00
-
other long-term financial assets:
0.00
b)in
other companies:
1606921.20
-
shares:
1206921.20
-
other commercial papers: 0.00
-
provided loans:
400000.00
-
other long-term financial assets:
0.00
4.Other
long-term investments: 0.00
V.Long-term interperiod settlements:
385660.00
1.Assets
from deffered income tax:
385660.00
2.Others:
0.00
B. Current
assets:
35214089.88
I.Inventory 23074132.19
1.Materials:
13724262.66
2.Semi-products and work in progress:
3512307.54
3.Finished goods:
5388211.06
4.Products:
389983.55
5.Advance payment for delivery: 59367.38
II.Accounts
receivable:
11438996.29
1.From
related companies:
0.00
a)trade receivables: 0.00
-
within 12 months:
0.00
-
more than 12 months:
0.00
b)others:
0.00
2.From
other companies:
11438996.29
a)trade receivables: 10806243.87
-
within 12 months:
10806243.87
-
more than 12 months:
0.00
b)tax
and social receivables:
214756.17
c)other receivables: 417996.25
d)accounts receiv. result. from disputable claims: 0.00
III.Short-term investments:
479720.44
1.Short-term financial assets:
479720.44
a)in
related companies:
0.00
-
shares:
0.00
-
other commercial papers:
0.00
-
provided loans:
0.00
-
other short-term financial assets:
0.00
b)in
other companies:
0.00
-
shares:
0.00
- other commercial papers:
0.00
-
provided loans:
0.00
-
other short-term financial assets: 0.00
c)cash
and other cash assets:
479720.44
-
cash in hand and at bank:
479720.44
- other
cash means:
0.00
-
other cash assets:
0.00
2.Other
short-term investments: 0.00
IV.Short-term interperiod settlements:
221240.96
Total
assets (A+B):
44863151.46
LIABILITIES
A. Net
worth:
9899622.73
I.Issued
capital:
3900000.00
II.Outstanding but unpaid contribution for share: 0.00
III.Entity's
own capital (negative):
0.00
IV.Reserve
capital: 3517494.64
V.Revaluation reserve:
0.00
VI.Other
reserve capitals:
1010201.14
VII.Profit/loss
brutto forward:
-1367516.40
VIII.Net
financial result for the year:
2839443.35
IX.Write-offs from net profit: |
0.00
B.Liabilities
& reserves:
34963528.73
I.Reserve
for liabilities:
1753176.40
1.Reserves for deffered income tax:
0.00
2.Reserves for retirement and similar: 1753176.40
-
long-term:
1460000.00
-
short-term:
293176.40
3.Other
reserves: 0.00
-
long-term:
0.00
-
short-term:
0.00
II.Long-term
liabilities:
1288290.60
1.To
related companies:
0.00
2.To
other companies:
1288290.60
a)credits and loans:
0.00
b)commercial papers:
0.00
c)other
financial liabilities:
0.00
d)other
long-term liabilities:
1288290.60
III.Short-term liabilities: 26717711.79
1.To
related companies:
0.00
a)trade
payable:
0.00
-
within 12 months: 0.00
-
more than 12 months:
0.00
b)other:
0.00
2.To
other companies:
26096900.32
a)bank
loans:
8400241.53
b)commercial papers: 0.00
c)other
financial liabilities:
0.00
d)trade
payables:
14746217.73
-
within 12 months:
14746217.73
-
more than 12 months:
0.00
e)supplies paid on account: 157710.85
f)notes
payable:
0.00
g)tax
& social securities:
1051736.08
h)payroll payable: 271451.26
i)other
short-term liabilities:
1469542.87
3.Special
funds:
620811.47
IV.Accrued
liabilities:
5204349.94
1.Negative goodwill:
3973785.38
2.Other:
1230564.56
-
long-term:
1080564.56
-
short-term:
150000.00
Total
liabilties (A+B):
44863151.46
Profit and loss account (comp)
2005/12/31 2006/12/31
2005/01/01 2006/01/01
A. Net sales
of goods and products: 70621487.02 67122749.60
-
including to related companies 0.00
I.Net sales
of products:
68787738.86 56873827.19
II.Change
of products : -3802071.05 3669628.05
III.Costs
of production:
1159891.75 925571.31
IV.Net sale
of goods and materials: 4475927.46 5653723.05
B. Operation
expenses:
70035318.61 70151379.28
I.
Depreciation:
2191030.10 2126783.08
II. Costs
of materials and energy: 41886483.13 42087559.28
III.
Outside services:
9139442.37 7884894.13
IV.Taxes
:
1132316.70 962431.06
-
including excise taxes: 0.00
V.
Salaries:
9667904.45 9324106.40
VI. Social
taxes & related:
2351202.02 2219374.40
VII. Other:
94431.69 833260.92
VIII. Goods
and materials sold:
3572508.15 4712970.01
C. Profit
(loss) on sale (A-B): 586168.41
-3028629.68
D. Other
operation incomes:
2744842.86 4264608.99
I.Profit
from sale of tangible assets: 60273.09 1409984.32
II.Grants
& subsidies: 0.00 730351.67
III.Other:
2684569.77 2124273.00
E. Other
operating costs:
1172462.50 166010.86
I.Loss from
sale of tangible assets: 0.00 0.00
II.Revaluation of non-financial assets: 475940.29 0.00
III.Other:
696522.21 166010.86
F. Profit
from operating activity (C+D-E): 2158548.77 1069968.45
G. Financial
income:
436830.10 493336.03
I.
Dividends: 0.00 0.00
- from
subisdiaries and affiliates: 0.00
II.Interest
receivable:
39670.54 2766.56
- from subisdiaries and affiliates: 0.00
III.Profits
from investment transfeered: 0.00 0.00
IV.Revaluation of investments: 0.00 0.00
V.Other:
397159.56 490569.47
H. Financial
costs:
1024910.98 1284531.97
I.Interest
payable including: 747832.42 698665.17
- to
related companies:
0.00
II.Loss from
invetsments transffered: 0.00 0.00
III.Revaluation
of investments:
0.00 0.00
IV.Other:
277078.56 585866.80
I. Profit
(loss) from economic activity (F+G-H): 1570467.89 278772.51
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): 1570467.89 278772.51
L. Corporate
income tax:
0.00 0.00
M. Other
obligatory charges:
0.00 0.00
N. Net profit for the year
(K-L-M):
1570467.89 278772.51
Profit and loss account (comp)
2004/12/31
2004/01/01
A. Net sales
of goods and products:
89171985.23
-
including to related companies
0.00
I.Net sales
of products:
79639442.40
II.Change
of products :
3096093.62
III.Costs
of production: 1183542.93
IV.Net sale
of goods and materials:
5252906.28
B. Operation
expenses:
85205324.25
I.
Depreciation: 2153754.66
II. Costs
of materials and energy:
54510909.47
III.
Outside services:
10848944.98
IV.Taxes
:
1037312.40
-
including excise taxes:
0.00
V.
Salaries:
9873565.84
VI. Social
taxes & related:
2384591.09
VII.
Other:
112680.60
VIII. Goods
and materials sold: 4283565.21
C. Profit
(loss) on sale (A-B):
3966660.98
D. Other
operation incomes:
2711452.85
I.Profit
from sale of tangible assets:
422503.50
II.Grants
& subsidies:
0.00
III.Other:
2288949.35
E. Other
operating costs:
3240520.42
I.Loss from
sale of tangible assets:
0.00
II.Revaluation of non-financial assets:
2448518.13
III.Other:
792002.29
F. Profit
from operating activity (C+D-E):
3437593.41
G. Financial
income:
1497535.88
I.
Dividends:
0.00
- from
subisdiaries and affiliates: 0.00
II.Interest
receivable:
20880.85
- from
subisdiaries and affiliates:
0.00
III.Profits
from investment transfeered:
0.00
IV.Revaluation of investments:
0.00
V.Other:
1467655.03
H. Financial
costs:
1797975.94
I.Interest
payable including:
809238.23
- to
related companies: 0.00
II.Loss from
invetsments transffered:
0.00
III.Revaluation of investments:
0.00
IV.Other: 988737.71
I. Profit
(loss) from economic activity (F+G-H): 3137153.35
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): 3137153.35
L. Corporate
income tax:
297710.00
M. Other
obligatory charges:
0.00
N. Net profit
for the year (K-L-M):
2839443.35
Cash flow statement
2004/12/31
2004/01/01
A.
Operating cash flow
2266458.91
I.
Net profit 2839443.35
II.
Adjustments
-572984.44
1.
Depreciation
2153754.66
2.
Profit on exchange rates difference .00
3.
Interests/dividends receivable/payable 788357.38
4.
Loss on investment activities 422503.50
5.
Change of reserves
0.00
6. Change
in invesntories
-3448145.03
7.
Change in accounts receivable 4630489.09
8.
Change in short-term liabilities -2137755.54
9.
Change in prepaid items -2137181.50
10.
Other items
.00
III.Net operating cash flow (I +/- II) 2266458.91
B. Investment cash flow -1662502.86
I.
Cash inflows from investment activities 676657.38
1.
2.
3.
a)
in related companies
.00
- financial assets transferred .00
- dividends and share in profits .00
-
repayments of long-term loans granted .00
- interests
.00
- other inflows .00
b)
in other companies
208000.00
- financial assets transferred 8000.00
- dividends and share in profits .00
- repayments of long-term loans
granted 200000.00
- interests
.00
- other inflows
.00
4.
Other investment inflows .00
II.
Cash outflows from investment activities 2339160.24
1.
Acquired intangible and tangible fixed assets 2339160.24
2. Investments
in real-estate and intangible assets .00
3.
On financial assets
.00
a) assets in related companies .00
b) assets in other companies .00
- financial assets acquired .00
- long-term loans granted .00
4.
Other investment outflows .00
III.
Net cash from invetsment activities -1662502.86
C. Financial cash flow
0.00
I.
Inflows from financial activity .00
1.
Net inflows from issuing shares, capital instr. .00
2.
Bank credits and loans
.00
3.
Issue of debt securities .00
4.
Other financial inflows .00
II.
Cash outflows from financial activity 954754.59
1.
Own shares acquired
.00
2.
Dividends and other payables to owner
.00
3.
Payments, other than dividends,to shareholders/owners .00
4.
Bank credits and loan repaids 166397.21
5.
Debt securities and loans repaid .00
6. Resulted from financial leasing .00
7.
Interests payable
.00
8.
Interests
788357.38
9. Other
financial outflows .00
III.
Net financial cash flow -954754.59
D.
Total net cash flow (A.III +/- B.III
+/- C.III) 603956.05
E.
Change in cash. positions in balance 247798.54
-
including due to the foreign exchanges difference .00
F.
Cash at the beginning of the year 727518.98
G.
Cash at the end of the year (F +/- D) 1331475.03
- including restricted cash .00
Cash flow statement
2005/12/31
2005/01/01
A.
Operating cash flow
1534653.50
I.
Net profit
1570467.89
II.
Adjustments -35814.39
1.
Depreciation
2191030.10
2.
Profit on exchange rates difference .00
3.
Interests/dividends receivable/payable
708161.88
4.
Loss on investment activities 60273.09
5.
Change of reserves
-385660.00
6.
Change in invesntories
9624882.48
7. Change in accounts receivable -4617373.43
8.
Change in short-term liabilities -5784639.71
9.
Change in prepaid items -1711942.62
10.
Other items .00
III.Net operating cash flow (I +/- II) 1534653.50
B. Investment cash flow
-1870618.60
I.
Cash inflows from investment activities
325273.09
1.
2.
3.
a)
in related companies
.00
- financial assets transferred .00
- dividends and share in profits .00
-
repayments of long-term loans granted .00
- interests
.00
- other inflows
.00
b)
in other companies
265000.00
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans granted 265000.00
- interests
.00
- other inflows
.00
4.
Other investment inflows .00
II.
Cash outflows from investment activities 2195891.69
1.
Acquired intangible and tangible fixed assets 2195891.69
2.
Investments in real-estate and intangible assets .00
3.
On financial assets
.00
a) assets in related companies .00
b) assets in other companies .00
- financial assets acquired .00
- long-term loans granted .00
4.
Other investment outflows .00
III.
Net cash from invetsment activities -1870618.60
C. Financial cash flow
0.00
I.
Inflows from financial activity 1001077.69
1.
Net inflows from issuing shares, capital instr. .00
2.
Bank credits and loans
1001077.69
3.
Issue of debt securities .00
4.
Other financial inflows .00
II.
Cash outflows from financial activity
708161.88
1.
Own shares acquired
.00
2.
Dividends and other payables to owner .00
3.
Payments, other than dividends,to shareholders/owners .00
4.
Bank credits and loan repaids .00
5.
Debt securities and loans repaid .00
6.
Resulted from financial leasing .00
7.
Interests payable
.00
8.
Interests
708161.88
9.
Other financial outflows .00
III.
Net financial cash flow 292915.81
D.
Total net cash flow (A.III +/- B.III
+/- C.III) -335965.10
E.
Change in cash. positions in balance .00
-
including due to the foreign exchanges difference .00
F.
Cash at the beginning of the year 479720.44
G.
Cash at the end of the year (F +/- D) 143755.34
- including restricted cash .00
INDEX ANALYSE
year
2004 2005 2006
CURRENT RATIO
(CR)
Current
Assets/Current liabilities
1.3180055 1.3766393 1.2072701
QUICK RATIO
(QR)
Current
Assets-Inventory/Current liabilities
0.4543786 0.7632386 0.4870773
CASH RATIO
(SQR)
Cash/Current
liabilities 0.0179551
0.0199159 0.0098803
STOCK
TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days 94.4474 69.5111
102.4651
CREDITORS
DAYS/DAY'S SALES IN RECEIVABLES
Current
receivables/Turnover x 365 days
46.8223 82.9857 66.6849
DEBTORS
DAYS/DAY'S PURCHASE IN PAYABLES
Current
liabilities/Turnover x 365 days
109.361 113.321 142.275
TOTAL
INDEBTNESS/DEBT RATIO
Outside
capital/Equity capital x 100%
77.9% 697% 71.4%
LONG TERM
INDEBTNESS I/LONG TERM DEBT RATIO I
Longterm
liabilities/Equity capital
0.13014 0.00000 0.05669
LONG TERM
INDEBTNESS II/LONG TERM DEBT RATIO II
Longterm
liab./Equity cap.+Longterm liab. x 100%
11.5% 0.0% 5.4%
RETURN ON
SALES (ROS)
Net
profit/Turnover x 100% 3.2% 2.2% 0.4%
RETURN ON
ASSETS (ROA)
|
Net
profit/Total assets x 100% 6.3% 4.1% 0.7%
RETURN ON
EQUITY (ROE)
Net
profit/Equity capital x 100%
28.7% 13.7% 2.4%
LONG TERM
LIABILITIES IN OUTSIDE CAPITAL
Longterm
liabilities/Outside capital x 100%
0.0460005 0.0000000 0.0248230
WORKING
CAPITAL
Current
assets-Current liabilities
8496378.09 8258086.12 5423012.60
WORKING
CAPITAL RATIO
Current
assets-Current liabilities/Turnover x 100%
9.5% 11.7%
8.1%
HISTORICAL DATA
Address data validity period: 1995-1945
ZAKŁADY ZMECHANIZOWANEGO SPRZĘTU DOMOWEGO "PREDOM-TERMET"
WAŁBRZYSKA 33
58-160 ŚWIEBODZICE
Basic data validity period: 1998-1945
Legal form: STATE OWNED
Registering agency COURT OF COMMERCE
Type : REGISTER OF STATE ENTERPRISES
Number 30/24
Date of registration:
Basic data validity period: 1995/06/26 - 2001/09/07
Legal form: JOINT STOCK COMPANY
Registering agency COURT OF COMMERCE
Type : COMMERCIAL REGISTER
Number RHB 1737
Date of registration: 06/26/1995
PAYMENTS
No significant trade experience has been reported thus far
TRADE PARTNERS
Details not available
RELATED FIRMS
Note reported
PROCEDURES
Officially not available
ADDITIONAL
INFORMATION
ISO 9001
BANK
Name: ING Bank Śląski
Addr.: 50-954Wrocław ul.Św.Katarzyny 16
Account num: 81-10501575-1000-0022-7468-1267
CUSTOMERS/SUPPLIERS
CLIENT
PRZEDSIĘB. PROMOCJI TECHNOLOGII ENERGOOSZCZĘDNYCH
"SOLAR-BIN"
Identifier RZE0000429RK
BOYA-ŻELEŃSKIEGO 27
35-959 RZESZÓW
Mail box: 453
Tel. 017/8504040
Fax. 017/8504050
http:// www.solar-bin.pl
E-mail: poczta@solar-bin.pl
CLIENT
ONNINEN SP. Z O.O.
Identifier CEN0147768CK
EMALIOWA 28
02-295 WARSZAWA
Tel. 032/5679047
Fax. 022/5679000
http:// www.onninen.com.pl
E-mail: info@onninen.com.pl
CLIENT
PRZEDSIĘBIORSTWO PRODUKCYJNO-HANDLOWE CONTURA SA
Identifier BYD0032188RK
PRZEMYSŁOWA 8
85-758
Tel. 052/3420611
Fax. 052/3422103
http:// www.contura.com.pl
E-mail: biuro@contura.com.pl
CLIENT
TECHNIKA GRZEWCZA I SANITARNA UNIMAX SA
Identifier KIE0027353RK
OKRZEI 35
25-526
Tel. 041/3445988
Fax. 041/3446588
http:// www.unimax.com.pl
E-mail: biuro@unimax.com.pl
CLIENT
ŻELIMET J. URBANEK I S-KA S.J.
Identifier WRO0024424RK
RZEMIEŚLNICZA 3
56-416 TWARDOGÓRA
Tel. 071/3159005
Fax. 071/3159350
E-mail: zelimet@ceti.pl
CLIENT
EUROINSTAL MIROSŁAW DĘBSKI I SYNOWIE SP. Z O.O.
Identifier CIE0003954RK
PŁOŃSKA 40
06-400 CIECHANÓW
Tel. 023/6725941
Fax. 023/6722577
http:// www.euroinstal.com.pl
E-mail: biuro@euroinstal.com.pl
CLIENT
GRAST & MTB SP. Z O.O.
Identifier CEN0188741CK
JAGIELLOŃSKA 47A
03-301 WARSZAWA
Tel. 022/8112301
Fax. 022/6758695
http:// www.grast-mtb.pl
E-mail: grast-mtb@grast-mtb.pl
CLIENT
"ANGUS" SIEJKA BARBARA
Identifier LOD0069168RK
NASTROJOWA 28 M.26
91-496 ŁÓDŹ
CLIENT
TADMAR SA
Identifier POZ0010433RK
GŁOGOWSKA 218
60-104
Tel. 061/8272400
Fax. 061/8272410
http:// www.tadmar.com.pl
E-mail: office@tadmar.com.pl
CLIENT
ONNINEN SP. Z O.O.
Identifier CEN0147768CK
EMALIOWA 28
02-295 WARSZAWA
Tel. 032/5679047
Fax. 022/5679000
http:// www.onninen.com.pl
E-mail: info@onninen.com.pl
CLIENT
INSTALSAN BUD SP. Z O.O.
Identifier CEN0202735CK
GRODZISKA 58
05-830 NADARZYN
Tel. 022/7399589
CLIENT
FEMAX SP. Z O.O.
Identifier CEN0199085CK
SZCZĘŚLIWA 25
80-176
Tel. 058/3262900
Fax. 058/3262910
http:// www.femax.pl
CLIENT
VINSAR SP. Z O.O.
Identifier CEN0211533CK
POPIELSKIEGO 1
52-019
Tel. 071/3416944
Fax. 071/3416958
http:// www.bater.com.pl
CLIENT
SKLEP WIELOBRANŻOWY ZBIWAN PIENIAK WANDA
Identifier OLS0007718RK
PARTYZANTÓW 5
10-900
CLIENT
PRZEDSIĘBIORSTWO INSTALACYJNO-HANDLOWE "CUPRUM" ZBIGNIEW ŚNIEŻKO
Identifier KOS0001580RK
ŻWIRKI I WIGURY 13
75-131 KOSZALIN
Tel. 094/3462446
CLIENT
"TERMECO" SP.C. JACEK PAJDOWSKI JACEK TCHÓRZEWSKI
Identifier LUB0009195RK
DŁUGA 5
20-346
Tel. 081/7444932
Fax. 081/7444932
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
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%)