MIRA
INFORM REPORT
|
Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
EURO-MILLENNIUM KERESKEDELMI ÉS |
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Registered Office : |
1071
Budapest, Damjanich u. 11-15. 112. |
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Country : |
Hungary |
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Financials (as on) : |
31/12/2006 |
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Date of Incorporation : |
28/06/1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale trade
of other food, including fish, crustaceans and molluscs
Wholesale trade of electrical household appliances and radio and
television |
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 : |
HUF
8.120.000 EUR
31.262 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NAME
& ADDRESS
EURO-MILLENNIUM Kereskedelmi
és Szolgáltató Korlátolt Felelősségű Társaság
1071 Budapest, Damjanich u. 11-15. 112.
Phone: +36-1-4137167
Telefax: +36-1-4137167
E-Mail: vijay@acorntechno.com
Legal form
Limited liability Company (Ltd.)
Established
on
28/06/1999 -
limited liability company (Ltd.)
Legal predecessor
CEDAR-Plus Kereskedelmi és Szolgáltató Korlátolt Merging
Felelősségű Társaság
CrefoNr.: 931 1033903
RegNr.: 01 09 703314
1071 Budapest, Damjanich u. 11-15.
NAVA BIZSU Export-Import Kereskedelmi és Szolgáltató Merging
Korlátolt Felelősségű Társaság
CrefoNr.: 931 0981091
RegNr.: 01 09 713311
1046 Budapest, Intarzia u. 14. fszt. 2.
Registered on
25/08/1999,
Budapest, regnr.: 01 09 681103
Tax number
11879514-2-42
EU Community VAT identification number
HU11879514
Statistical number
11879514
Last entry
2007.05.03.
Registered capital
HUF 14.000.000,-
Owner
Sharma Vijay Jagdish
2200 Monor, Mátyás király út 18.
Member with majority ownership
Manager
Sharma Vijay Jagdish
2200 Monor, Mátyás király út 18.
manager
authorized to sign alone
Auditor
Lászlóné Pintér
1155 Budapest, Rákos út 94. 9. 54.
General data
Main activity: (4616.)
Full name
EURO-MILLENNIUM Kereskedelmi és Szolgáltató Korlátolt Felelősségű
Társaság
Name in foreign language
EURO-MILLENNIUM Trading Service Limited Liability Company
Short name
EURO-MILLENNIUM Kft.
General contacts:
Phone:
+36-1-4137167
Telefax:
+36-1-4137167
E-Mail:
vijay@acorntechno.com
Residence address:
1071 Budapest, Damjanich u. 11-15. 112.
Branch establishment:
115280 Moscow, Belozavodszkaja ul 9.
8111 Seregélyes, János major 025/25. hrsz. 13. ép.
2200 Monor, Mátyás király u. 19.
8111 Seregélyes, János major 025/25. hrsz. 12. ép.
8111 Seregélyes, János major 025/25. hrsz. 15. ép.
Other activities
Wholesale trade of other food, including fish, crustaceans and molluscs
Wholesale trade of electrical household appliances and radio and
television
Wholesale trade of china and glassware, wallpaper and cleaning materials
Wholesale trade of other household goods
Other retail sale of food, beverages and tobacco in specialized stores
Retail sale of furniture, lighting equipment and household articles n
Retail sale of electrical household appliances and radio and televisio
Other retail sale in specialized stores
Other non-store retail sale
Freight transport
by road
Activities of other transport agencies
Renting of personal and household goods nec
Publishing of software
Other software
consultancy and supply
Data processing
Database
activities, online publishing
Research and
experimental development on natural sciences and engineer
Business and management consultancy activities
Architectural and engineering activities and related technical consult
Other business activities nec
Employees
2006 7 employees
2007 4 employees
2008 4 employees
Annual turnover
2004 Net
income HUF
121.884.000,-
2005 Net
income HUF
90.406.000,-
2006 Net
income HUF
424.726.000,-
Property
No data
balance sheet
|
2006. évi mérleg (hivatalos forrás)
(12/31/2006 - 1000 HUF) |
|
2006. évi "A" eredménykimutatás (hivatalos forrás)
(12/31/2006 - 1000 HUF) |
Remarks
It was
unsuccessful to get in touch with the company, they did not answer the
telephone.
The enclosed
balance sheet for 2004 is originated from official source, it is authenticated
by the auditor.
The enclosed
balance sheet for 2005 is originated from official source, it is authenticated
by the auditor.
Th enclosed
balance sheet of 2006 is originated from official source, it is authenticated
by the auditor.
The company has
not responded to our written quest so far.
Interests
EURO-MILLENNIUM Kereskedelmi és Szolgáltató Korlátolt
Felelősségű Társaság:
PIRRO RESTAURANT Vendéglátóipari Korlátolt
Felelősségű Társaság Owner
Sharma Vijay Jagdish:
CONIFER Szolgáltató és Kereskedelmi Korlátolt
Felelősségű Társaság Manager
CONIFER Szolgáltató és Kereskedelmi Korlátolt
Felelősségű Társaság Owner
NINAS TRADING INC. Magyarországi Közvetlen
Kereskedelmi Képviselete Manager
PIRRO RESTAURANT Vendéglátóipari Korlátolt
Felelősségű Társaság Manager
Bank relations
CIB Bank Zrt Medve u. fiók:
Central address: HU Budapest, Medve u. 4-14.
Account number: 107000242551430450100002
MKB Bank Nyrt.:
Central address: HU Budapest, Szent István té
Account number: 103000021028272249020025
Account number: 103000021028272248820011
Account number: 103000021028272249020018
Account number: 103000021028272240120018
Account number: 103000021028272240220015
Company development
Constant
Business course
Satisfactory
Terms of payment
Without compliants, supplier feedback show no negative data
Business connection
The establishing of the business connection may be allowed
Credit
limit
HUF 8.120.000,-
EUR 31.262,-
Number
of queries
|
Duration |
Queries |
|
4 weeks |
0 |
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4 - 8 weeks |
0 |
|
8 weeks - 12 months |
0 |
Credit
rating class
According to the survey the non-payment risk status can be minimized in
light of he solvency index.
|
Solvency index |
Credit risk |
Rating |
No payment
default risk |
|
000 |
|
none |
unknown |
|
100-149 |
none |
excellent
solvency |
0,01% |
|
150-200 |
minimal |
very good
solvency |
0,22% |
|
201-250 |
acceptable |
good solvency |
0,49% |
|
251-300 |
acceptable |
medium solvency |
1,50% |
|
301-350 |
average |
poor solvency |
3,56% |
|
351-499 |
big |
not satisfactory
solvency |
7,17% |
|
500 |
significant |
business
relations not recommended |
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|
600 |
|
relations to be
declined |
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A. 2006. évi mérleg (hivatalos forrás) (12/31/2006 - 1000 HUF) |
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Balance row |
A 2006.12.31. |
A <- B% |
B 2005.12.31. |
B <- C% |
C 2004.12.31. |
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FIXED ASSETS |
54.114 |
66.5 |
814 |
0.8 |
996 |
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Intangible assets |
22 |
0.8 |
28 |
0.8 |
35 |
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Revaluation of intangible assets |
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Tangible assets |
49.092 |
62.5 |
786 |
0.8 |
961 |
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Revaluation of tangible assets |
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Financial investments |
5.000 |
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Revaluation of financial investments |
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CURRENT ASSETS |
214.727 |
3.6 |
59.529 |
0.9 |
62.922 |
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Inventories |
129.190 |
12.1 |
10.690 |
0.8 |
13.494 |
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Receivables |
84.063 |
1.7 |
48.215 |
1 |
46.463 |
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Securities |
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Liquid assets |
1.474 |
2.4 |
624 |
0.2 |
2.965 |
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PREPAID EXPENSES AND ACCRUED INCOME |
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TOTAL ASSETS |
268.841 |
4.5 |
60.343 |
0.9 |
63.918 |
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SHAREHOLDERS' EQUITY |
26.741 |
1.3 |
20.488 |
1.3 |
16.090 |
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Capital subscribed |
5.000 |
1 |
5.000 |
1 |
5.000 |
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thereof: treasure shares repurchased at face value |
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a capital increase not yet registered by the Court of Registration |
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a capital decrease not yet registered by the Court of Registration |
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Issued but not paid capital (-) |
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Capital reserves |
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Retained earnings from previous years |
15.489 |
1.4 |
11.090 |
2.2 |
5.103 |
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Non-distributable reserves |
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Revaluation reserve |
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Profit per balance-sheet |
6.252 |
1.4 |
4.398 |
0.7 |
5.987 |
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PROVISIONS |
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LIABILITIES |
241.826 |
6.1 |
39.855 |
0.8 |
47.470 |
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Subordinated liabilities |
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Long term liabilities |
27.140 |
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Short term liabilities |
214.686 |
5.4 |
39.855 |
0.8 |
47.470 |
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ACCRUED EXPENSES AND DEFERRED INCOME |
274 |
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|
358 |
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TOTAL LIABILITIES AND SHEREHOLDERS EQUITY |
268.841 |
4.5 |
60.343 |
0.9 |
63.918 |
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A. 2006. évi "A" eredménykimutatás (hivatalos forrás)
(12/31/2006 - 1000 HUF) |
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Balance row |
A 2006.12.31. |
A <- B% |
B 2005.12.31. |
B <- C% |
C 2004.12.31. |
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Net domestic sales revenues |
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Net export sales revenues |
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Net sales revenues |
424.726 |
4.7 |
90.406 |
0.7 |
121.884 |
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Other revenues |
1 |
0.2 |
6 |
2 |
3 |
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of which: reversal of impairment loss provision |
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Capitalised value of own performance |
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Material type expenditure |
409.265 |
5.4 |
75.635 |
0.7 |
109.809 |
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Payments to personnel |
8.373 |
1.2 |
7.248 |
1.1 |
6.860 |
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Deprecation change |
621 |
1.9 |
333 |
1.7 |
197 |
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Other costs |
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Other expenses |
2.287 |
3.7 |
615 |
1.1 |
539 |
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of which: impairment loss provision |
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TRADING PROFIT |
4.181 |
0.6 |
6.581 |
1.5 |
4.482 |
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Revenues from financial transactions |
9.762 |
6.2 |
1.579 |
0.6 |
2.806 |
|||
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Expenditures of financial transactions |
6.414 |
2.3 |
2.815 |
25.1 |
112 |
|||
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FINANCIAL PROFIT |
3.348 |
-2.7 |
-1.236 |
-0.5 |
2.694 |
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PROFIT FROM ORDINARY BUSINESS |
7.529 |
1.4 |
5.345 |
0.7 |
7.176 |
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Extraordinary revenues |
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|
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Extraordinary expenditures |
100 |
1 |
100 |
0.2 |
622 |
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PROFIT ON EXTRAORDINARY EVENTS |
-100 |
1 |
-100 |
0.2 |
-622 |
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NET PROFIT BEFORE TAXATION |
7.429 |
1.4 |
5.245 |
0.8 |
6.554 |
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Tax liability |
1.177 |
1.4 |
847 |
1.5 |
567 |
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AFTER TAX PROFIT |
6.252 |
1.4 |
4.398 |
0.7 |
5.987 |
|||
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NET PROFIT PER BALANCE SHEET |
6.252 |
1.4 |
4.398 |
0.7 |
5.987 |
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Ratios
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|
2006 |
2005 |
2004 |
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Equity ratio |
0.1 |
0.34 |
0.25 |
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Cleared equity ratio |
0.1 |
0.34 |
0.25 |
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Current liquidity |
1 |
1.49 |
1.33 |
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Quick liquidity |
0.4 |
1.23 |
1.04 |
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Working capital |
41 |
19674 |
15452 |
|
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Gearing |
9.04 |
1.95 |
2.95 |
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Cleared gearing |
0 |
n/a |
n/a |
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Profitability |
1.75 |
5.8 |
5.38 |
|
|
Operating profitability |
0.98 |
7.28 |
3.68 |
|
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Stock days |
111 |
43.16 |
40.41 |
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|
Debtor days |
72.24 |
195 |
139 |
|
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Supplier days |
n/a |
n/a |
n/a |
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%)