MIRA
INFORM REPORT
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Report Date : |
26.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ASA SPOLKA Z O.O. |
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Registered Office : |
Oswiecimska 11, 48-100 Głubczyce |
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Country : |
Poland |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Basic Pharmaceutical Products |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
ADDRESS DATA
ASA SPÓŁKA Z O.O.
OŚWIĘCIMSKA 11
48-100 GŁUBCZYCE
Tel. 077/4850801
Fax. 077/4853229
http:// www.asa.eu
E-mail: sekretariat@asa.eu
BASIC DATA
REGONCODE 531511880
VAT: 748-14-19-778
Nationwide Court Register KRS 0000142069
Legal form: LIMITED LIABILITY COMPANY
Status: ACTIVE
Start of activity: 1999/01/
Registering agency COURT OF COMMERCE, OPOLE
Type : NATIONAL COURT REGISTER
Date of registration: 2002/12/04
NACE code 24.41
Manufacture of basic pharmaceutical products
NACE code 24.42
Manufacture of pharmaceutical preparations
NACE code 24.52
Manufacture of perfumes and toilet preparations
NACE code 15.88
Manufacture of homogenized food preparations and dietetic food
NACE code 15.89
Manufacture of other food products n.e.c.
NACE code 51.38
Wholesale of other food, including fish, crustaceans and molluscs
NACE code 51.45
Wholesale of perfume and cosmetics
NACE code 51.46
Wholesale of pharmaceutical goods
ORGANIZATIONAL-LEGAL DATA
Register capital:
Value : 51000.00 PLN
Number of shares: 102
SHAREHOLDER
Surname : SKAŁECKA
Names : BARBARA ANNA
PESEL : 55011918301
Citizenship : Poland
Addr.:
Country code : Poland
Value : 17000.00 PLN
Quant: 34
SHAREHOLDER:
Surname : TOMCZAK
Names : STANISŁAW
PESEL : 57021502736
Citizenship : Poland
Addr.:
Country code : Poland
Value : 17000.00 PLN
Quant: 34
SHAREHOLDER:
Surname : TOMCZAK
Names : ANDRZEJ
PESEL : 58070602118
Citizenship : Poland
Addr.:
Country code : Poland
Value : 17000.00 PLN
Quant: 34
MANAG.:
VICE-PRESIDENT OF THE BOARD
Surname : TOMCZAK
Names : STANISŁAW
PESEL : 57021502736
Citizenship : Poland
Addr.:
Country code : Poland
MANAG.:
PRESIDENT OF THE BOARD
Surname : SKAŁECKI
Names : ANDRZEJ
PESEL : 54042906196
Citizenship : Poland
Addr.:
Country code : Poland
SHARES IN OTHER COMPANIES
No data
EMPLOYMENT
Total (MIN MAX) Productive(MIN MAX) Unprod.(MIN MAX) DATE FROM DATE TO
40-40 - - 2007/01/01-2007/12/31
40-40 - - 2006/01/01-2006/12/31
REAL ESTATE
Real estate: GN GROUNDS
OWN: Area from to Value
- 88926.14 PLN
Real estate: BD BUILDINGS AND CONSTRUCTIONS
OWN: Area from to Value
- 6877127.58 PLN
2007/12/31
SALES
2007/01/01 - 2007/12/31 34056460.31
2006/01/01 - 2006/12/31 29014293.21
FINANCIAL DATA
Balance
sheet as on 2006/12/31 2007/12/31
ASSETS
A. Total non-current assets: 7216208.77 13097481.51
I.Intangible assets:
14376.29 19548.71
1.Costs of development activities: 0.00 0.00
2.Goodwill: 0.00 0.00
3.Other intangible fixed assets: 14376.29 19548.71
4.Prepayments for intangible
assets: 0.00 0.00
II.Fixed assets: 7106065.48 12987782.80
1.tangible fixed assets:
1845325.93 12297694.57
a)land:
88926.14 88926.14
b)buildings: 248887.79 6877127.58
c)machinery and equipment: 497288.11 4007665.88
d)vehicles: 938908.19 850306.88
e)other tangible fixed assets:
71315.70 473668.09
2.Investments in progress:
5260739.55 682888.23
3.Investments in progress paid on
accounts:
0.00 7200.00
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
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans:
0.00 0.00
- other long-term financial
assets:
0.00 0.00
b)in other companies:
0.00 0.00
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans:
0.00 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: 95767.00 90150.00
1.Assets from deffered income tax: 95767.00 90150.00
2.Others:
0.00 0.00
B. Current assets: 10356650.43
11026920.19
I.Inventory
3300072.48 4306890.47
1.Materials: 1279896.26 1904907.31
2.Semi-products and work in
progress:
0.00 32205.69
3.Finished goods:
1301456.82 2305851.83
4.Products: 4229.76 3828.24
5.Advance payment for delivery:
714489.64 60097.40
II.Accounts receivable:
5773226.46 5698247.93
1.From related companies: 0.00 0.00
a)trade receivables:
0.00 0.00
- within 12 months:
0.00 0.00
- more than 12 months:
0.00 0.00
b)others: 0.00 0.00
2.From other companies: 5773226.46 5698247.93
a)trade receivables:
5235396.75 4828131.01
- within 12 months:
5235396.75 4828131.01
- more than 12 months:
0.00 0.00
b)tax and social receivables:
523573.00 854831.66
c)other receivables:
14256.71 15285.26
d)accounts receiv. result. from
disputable claims:
0.00 0.00
III.Short-term investments:
1117083.24 535719.10
1.Short-term financial assets:
1117083.24 535719.10
a)in related companies:
0.00 0.00
- shares: 0.00 0.00
- other commercial papers:
0.00 0.00
- provided loans: 0.00 0.00
- other short-term financial
assets:
0.00 0.00
b)in other companies:
311700.00 90000.00
- other short-term financial assets: 0.00
c)cash and other cash assets:
805383.24 445719.10
- cash in hand and at bank: 805383.24 445719.10
- 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: 166268.25 486062.69
Total assets
(A+B): 17572859.20 24124401.70
LIABILITIES
A. Net worth:
10503395.53 11891644.17
I.Issued capital: 51000.00 51000.00
II.Outstanding but unpaid contribution for
share: 0.00 0.00
III.Entity's own capital (negative): 0.00 0.00
IV.Reserve capital:
7830849.97 10452395.53
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: 2621545.56 1388248.64
IX.Write-offs from net profit:
0.00 0.00
B.Liabilities & reserves:
7069463.67 12232757.53
I.Reserve for liabilities:
589.00 0.00
1.Reserves for deffered income tax: 589.00 0.00
2.Reserves for retirement and
similar:
0.00 0.00
- long-term:
0.00 0.00
- short-term:
0.00 0.00
3.Other reserves:
0.00 0.00
- long-term:
0.00 0.00
- short-term: 0.00 0.00
II.Long-term liabilities:
3356817.13 6048239.14
1.To related companies:
0.00 0.00
2.To other companies:
3356817.13 6048239.14
a)credits and loans:
3335759.89 6037710.52
b)commercial papers: 0.00 0.00
c)other financial liabilities:
21057.24 10528.62
d)other long-term liabilities:
0.00 0.00
III.Short-term liabilities:
3585465.38 6180595.73
1.To related companies:
0.00 0.00
a)trade payable:
0.00 0.00
- within 12 months:
0.00 0.00
- more than 12 months:
0.00 0.00
b)other: 0.00 0.00
2.To other companies:
3562492.09 6129116.15
a)bank loans: 675075.77 3371125.43
b)commercial papers: 0.00 0.00
c)other financial liabilities:
0.00 0.00
d)trade payables: 2314521.74 2214795.65
- within 12 months:
2314521.74 2044795.65
- more than 12 months:
0.00 170000.00
e)supplies paid on account:
0.00 0.00
f)notes payable:
0.00 0.00
g)tax & social securities: 376769.69 299949.95
h)payroll payable:
175266.27 228976.50
i)other short-term liabilities: 20858.62 14268.62
3.Special funds: 22973.29 51479.58
IV.Accrued liabilities:
126592.16 3922.66
1.Negative goodwill:
0.00 0.00
2.Other:
126592.16 3922.66
- long-term: 0.00 0.00
- short-term: 126592.16 3922.66
Total liabilties (A+B):
17572859.20 24124401.70
Profit
and loss account (comp) 2006/12/31 2007/12/31
2006/01/01 2007/01/01
A. Net sales of goods and products: 28801853.92 33915643.10
- including to related companies 0.00 0.00
I.Net sales of products:
28260871.85 32628321.76
II.Change of products :
304416.14 1004395.01
III.Costs of production: 234049.40 282524.81
IV.Net sale of goods and materials: 2516.53 401.52
B. Operation expenses:
25235465.25 31543505.95
I. Depreciation: 665063.77 1081711.76
II. Costs of materials and energy: 7361094.22 8587988.15
III. Outside services:
3551230.00 4868793.94
IV.Taxes :
207545.94 357925.97
- including excise taxes:
0.00 0.00
V. Salaries: 2716255.15 3547713.42
VI. Social taxes & related:
783565.11 1008426.33
VII. Other:
9948194.49 12090544.86
VIII. Goods and materials sold: 2516.57 401.52
C. Profit (loss) on sale (A-B):
3566388.67 2372137.15
D. Other operation incomes:
183400.79 114344.25
I.Profit from sale of tangible assets: 26421.96 0.00
II.Grants & subsidies:
0.00 0.00
III.Other: 156978.83 114344.25
E. Other operating costs:
355976.27 230918.67
I.Loss from sale of tangible assets: 0.00 28997.62
II.Revaluation of non-financial assets: 254292.69 70010.77
III.Other:
101683.58 131910.28
F. Profit from operating activity
(C+D-E):
3393813.19 2255562.73
G. Financial income:
29038.50 26472.96
I. Dividends: 0.00 0.00
- from subisdiaries and affiliates: 0.00 0.00
II.Interest receivable:
29038.50 26472.96
- from subisdiaries and affiliates: 0.00 0.00
III.Profits from investment transfeered: 0.00 0.00
IV.Revaluation of investments:
0.00 0.00
V.Other:
0.00 0.00
H. Financial costs: 111302.13 505382.05
I.Interest payable including:
105347.27 432614.23
- to related companies: 0.00 0.00
II.Loss from invetsments transffered: 0.00 0.00
III.Revaluation of investments:
0.00 0.00
IV.Other: 5954.86 72767.82
I. Profit (loss) from economic activity
(F+G-H):
3311549.56 1776653.64
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): 3311549.56 1776653.64
L. Corporate income tax:
690004.00 388405.00
M. Other obligatory charges:
0.00 0.00
N. Net profit for the year (K-L-M): 2621545.56 1388248.64
Cash
flow statement 2007/12/31
2007/01/01
A. Operating cash flow
1469796.27
I. Net profit 1388248.64
II. Adjustments 81547.63
1. Depreciation 1081711.76
2. Profit on exchange rates difference 486.22
3. Interests/dividends
receivable/payable
417117.37
4. Profit on investment activities 28997.62
5. Change of reserves
-589.00
6. Change in invesntories
-1006817.99
7. Change in accounts receivable 74978.53
8. Change in short-term liabilities -100919.31
9. Change in prepaid items
-436846.94
10. Other items 23429.37
III.Net operating cash flow (I +/- II) 1469796.27
B.
Investment cash flow -6590769.82
I. Cash inflows from investment
activities
263996.97
1. Sale of intangible assets 32033.89
2. Sale of real-estate property and intang.
assets .00
3.
Sale of financial assets 231963.08
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
231963.08
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted 221700.00
- interests 10263.08
- other inflows
.00
4. Other investment inflows .00
II. Cash outflows from investment
activities 6854766.79
1. Acquired intangible and tangible fixed
assets 6164678.56
2. Investments in real-estate and
intangible assets 690088.23
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 -6590769.82
C.
Financial cash flow 4761795.63
I. Inflows from financial activity 5899178.02
1. Net inflows from issuing shares, capital
instr. .00
2. Bank credits and loans
5899178.02
3. Issue of debt securities .00
4. Other financial inflows .00
II. Cash outflows from financial
activity
1137382.39
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 684966.50
5. Debt securities and loans repaid .00
6. Resulted from financial leasing 10528.62
7. Interests payable
.00
8. Interests 441887.27
9. Other financial outflows .00
III. Net financial cash flow 4761795.63
D. Total net cash flow (A.III +/- B.III +/- C.III) -359177.92
E. Change in cash. positions in balance 359664.14
- including due to the foreign exchanges
difference 486.22
F. Cash at the beginning of the year 804897.02
G. Cash at the end of the year (F +/- D) 445719.10
- including restricted cash 51479.58
Cash
flow statement 2006/12/31
2006/01/01
A. Operating cash flow
2465964.31
I. Net profit 2621545.56
II. Adjustments -155581.25
1. Depreciation 665063.77
2. Loss on exchange rates difference 353.14
3. Interests/dividends
receivable/payable
78276.36
4. Loss on investment activities 5421.96
5. Change of reserves
-1107.00
6. Change in invesntories
-169771.04
7. Change in accounts receivable -2303768.34
8. Change in short-term liabilities 1697118.21
9. Change in prepaid items
-111248.20
10. Other items 4369.91
III.Net operating cash flow (I +/- II) 2465964.31
B.
Investment cash flow -5081239.81
I. Cash inflows from investment
activities
410857.73
1. Sale of intangible assets 95562.22
2. Sale of real-estate property and intang.
assets .00
3. Sale of financial assets
315295.51
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
315295.51
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted 288300.00
- interests 26995.51
- other inflows
.00
4. Other investment inflows .00
II. Cash outflows from investment
activities 5492097.54
1. Acquired intangible and tangible fixed
assets 5492097.54
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 -5081239.81
C.
Financial cash flow 2694417.53
I. Inflows from financial activity 4049019.89
1. Net inflows from issuing shares, capital
instr. .00
2. Bank credits and loans
4049019.89
3. Issue of debt securities .00
4. Other financial inflows
.00
II. Cash outflows from financial
activity
1354602.36
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 1253065.94
5. Debt securities and loans repaid .00
6. Resulted from financial leasing 10528.62
7. Interests payable
.00
8.
Interests 91007.80
9. Other financial outflows .00
III. Net financial cash flow 2694417.53
D. Total net cash flow (A.III +/- B.III +/- C.III) 79142.03
E. Change in cash. positions in balance 79495.17
- including due to the foreign exchanges
difference 353.14
F. Cash at the beginning of the year 726241.21
G. Cash at the end of the year (F +/- D) 805383.24
- including restricted cash 22973.29
INDEX ANALYSE
year
2006 2007
CURRENT RATIO (CR)
Current Assets/Current liabilities 2.8885094 1.7841193
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities
1.9681066 1.0872786
CASH RATIO (SQR)
Cash/Current liabilities 0.2246245 0.0721159
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days
41.8211 46.3507
CREDITORS DAYS/DAY'S SALES IN
RECEIVABLES
Current receivables/Turnover x 365 days 73.1629 61.3245
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days 45.438 66.516
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 40.2%
50.7%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO
I
Longterm liabilities/Equity capital 0.31959 0.50861
LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO
II
Longterm liab./Equity cap.+Longterm liab. x
100% 24.2% 33.7%
RETURN ON SALES (ROS)
Net profit/Turnover x 100%
9.1% 4.1%
RETURN ON ASSETS (ROA)
Net profit/Total assets x 100% 14.9%
5.8%
RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100% 25.0% 11.7%
LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x
100%
0.4835322 0.4945883
WORKING CAPITAL
Current assets-Current liabilities 6771185.05 4846324.46
WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x
100% 23.5%
14.3%
HISTORICAL DATA
Basic data validity period: 1999/01/14 - 2002/12/04
Legal form: LIMITED LIABILITY COMPANY
Registering agency COURT OF COMMERCE
Type : COMMERCIAL REGISTER
Number RHB 3424
Date of registration: 01/14/1999
Nominal capital validity period: 2004/01/10 - 2006/02/01
Value : 30000.00 PLN
Number of shares: 60
Nominal capital validity period: 2002/12/04 - 2004/01/10
Value : 15000.00 PLN
Number of shares: 30
Shares history validity period: 2004/01/10 - 2006/02/01
SHAREHOLDER:
Surname : TOMCZAK
Names : ANDRZEJ
PESEL : 58070602118
Citizenship : Poland
Addr.:
Country code : Poland
Value : 10000.00 PLN
Quant: 20
Shares history validity period: 2004/01/10 - 2006/02/01
SHAREHOLDER:
Surname : SKAŁECKA
Names : BARBARA ANNA
PESEL : 55011918301
Citizenship : Poland
Addr.:
Country code : Poland
Value : 10000.00 PLN
Quant: 20
Shares history validity period: 2004/01/10 - 2006/02/01
SHAREHOLDER:
Surname : TOMCZAK
Names : STANISŁAW
PESEL : 57021502736
Citizenship : Poland
Addr.:
Country code : Poland
Value : 10000.00 PLN
Quant: 20
Shares history validity period: 2002/12/04 - 2004/01/10
SHAREHOLDER:
Surname : TOMCZAK
Names : ANDRZEJ
PESEL : 58070602118
Citizenship : Poland
Addr.:
Country code : Poland
Value : 5000.00 PLN
Quant: 10
Shares history validity period: 2002/12/04 - 2004/01/10
SHAREHOLDER:
Surname : TOMCZAK
Names : STANISŁAW
PESEL : 57021502736
Citizenship : Poland
Addr.:
Country code : Poland
Value : 5000.00 PLN
Quant: 10
Shares history validity period: 2002/12/04 - 2004/01/10
SHAREHOLDER:
Surname : SKAŁECKA
Names : BARBARA ANNA
PESEL : 55011918301
Citizenship : Poland
Addr.:
Country code : Poland
Value : 5000.00 PLN
Quant: 10
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
CERTIFICATES:
- ISO 9001:2000
- HACCP
BANK
Officially not available
CUSTOMERS/SUPPLIERS
Officially not available
CONTACT WITH THE COMPANY
When directly contacted representative of the company
declined to present any additional data
EXCHANGE RATES
USD EUR
31.12.2007 2,4350 3,5820
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
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.73 |
|
UK Pound |
1 |
Rs.80.57 |
|
Euro |
1 |
Rs.64.29 |
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%)