MIRA
INFORM REPORT
|
Report Date : |
26.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SCITEC KFT |
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Registered Office : |
1144 Budapest, Vezér u. 53/a. |
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Country : |
Hungary |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
15.09.1997 |
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Legal Form : |
Limited Liability Company (Ltd.) |
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Line of Business : |
Manufacture of Other Food Products |
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 28.300.000,- |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SCITEC Ipari és
Kereskedelmi Korlátolt Felelősségű Társaság
1144 Budapest, Vezér u. 53/a.
Phone: +36-1-2226023
Telefax: +36-1-3633121
E-Mail: info@scitecnutrition.hu
Web: www.scitec.hu
summary
|
Legal form |
limited liability company (Ltd.) |
|
|
Established on |
15/09/1997 - limited liability company (Ltd.) |
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Registered on |
13/03/1998, Budapest, regnr.: 01 09 663915 |
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Registered
capital |
|
HUF |
8.000.000,- |
|
|
Owner |
Rita Bengyelné
Szepes (931 5242865) |
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|
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|
Zsolt Bengyel
(931 6317159) |
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|
Jánosné Bengyel
(931 5240501) |
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|
Manager |
Zsolt Bengyel |
General data
Main activity: Manufacture of other food
products n.e.c.
Brand name SCITEC NUTRITION
Full name SCITEC Ipari és Kereskedelmi Korlátolt
Felelősségű Társaság
Name in foreign language SCI TEC Ltd.
Short name SCITEC Kft.
General
contacts: Phone:
+36-1-2226023
Telefax:
+36-1-3633121
E-Mail:
info@scitecnutrition.hu
Web:
www.scitec.hu
Residence address: 1144 Budapest, Vezér u. 53/a.
Other activities
Manufacture of other food products n.e.c.
Manufacture of soft drinks; production of mineral waters and other bottled waters
Pre-press and pre-media services
Binding and related services
Publishing of books
Printing nec
Ancillary activities related to printing
Non-specialised wholesale of food, beverages and tobacco
Wholesale of textiles
Wholesale of clothing and footwear
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Other retail sale in non-specialised stores
Wholesale trade of other food, including fish, crustaceans and molluscs
Wholesale trade of other household goods
Other retail sale of food, beverages and tobacco in specialized stores
Other retail sale in specialized stores
Other non-store retail sale
Publishing of journals and periodicals
Advertising
Other business activities nec
Photographic activities
Packaging activities
Motion picture and video production
Employees
2007 14
employees
2008 17 employees
Annual turnover
2004 Net income HUF 14.000,-
2005 Net
income HUF 20.000,-
2006 Net
income HUF 1.521.426.000,-
2007 Net
income HUF 1.831.223.000,-
Property
Company's
property: property
Book value: 5.377.000,- HUF (According to balance - 2007)
Company's property: Technological equipments, machines, vehicles
Book value: 48.632.000,- HUF (According to balance - 2007)
Balance sheets
|
2007. évi mérleg (12/31/2007 - 1000 HUF) |
|
2007. évi eredménykimutatás (12/31/2007 - 1000
HUF) |
Remarks
|
The enclosed balance sheet for 2005 is originated
from official source, we do not have information about the clause of the
auditor. |
Interests
|
Jánosné Bengyel: |
|
PUMP SPORT Kereskedelmi és Sportélelmiszer Korlátolt
Felelősségű Társaság (931 0266309) |
Manager |
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|
PUMP SPORT Kereskedelmi és Sportélelmiszer Korlátolt
Felelősségű Társaság (931 0266309) |
Owner |
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|
Rita Bengyelné Szepes: |
|
||
|
PRO LINE Kereskedelmi és Szolgáltató Korlátolt Felelősségű
Társaság (931 0144536) |
Owner |
|
|
|
Zsolt Bengyel: |
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||
|
All Nutrition Kereskedelmi- és Szolgáltató Korlátolt
Felelősségű Társaság (931 1132368) |
Manager |
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|
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All Nutrition Kereskedelmi- és Szolgáltató Korlátolt
Felelősségű Társaság (931 1132368) |
Owner |
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|
|
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FÖLDHÖZRAGADT Szolgáltató Betéti Társaság (931 0803679) |
General partner |
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||
|
FÖLDHÖZRAGADT Szolgáltató Betéti Társaság (931 0803679) |
Representative |
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PRO LINE Kereskedelmi és Szolgáltató Korlátolt Felelősségű
Társaság (931 0144536) |
Owner |
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Bank relations
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COMMERZBANK ZRT. (Budapest): |
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Company development |
constant |
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Business course |
good |
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Terms of payment |
without compliants, supplier feedback show no negative data |
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Business connection |
the establishing of the business connection may be allowed |
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Credit limit |
HUF 28.300.000,- |
||
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Number of queries |
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|
Balance row |
A 2007.12.31. |
A <- B% |
B 2006.12.31. |
B <- C% |
C 2005.12.31. |
|
|
FIXED ASSETS |
139.876 |
2.3 |
62.130 |
|
|
|
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Intangible assets |
74 |
0.5 |
140 |
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Consessions and similar rights and assents |
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Goodwill |
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Advance payments on on intangible assets |
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Intellectual property |
74 |
0.5 |
140 |
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Capitalised value of research and
development costs |
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Capitalised value of fundantion and restructuring costs |
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|
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Revaluation of intangible assets |
|
|
|
|
|
|
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Tangible assets |
139.802 |
2.3 |
61.990 |
|
|
|
|
Land and buildings and related concessions and similar rights |
5.377 |
0.8 |
6.545 |
|
|
|
|
Technical equipment, machinery and
vehicles |
48.632 |
1.1 |
44.785 |
|
|
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Other equipment, fittings and vehicles |
5.662 |
0.8 |
6.896 |
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Breeding stock |
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|
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Capital WIP, renovations |
75.881 |
20.2 |
3.764 |
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|
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Advance payments on Capital WIP |
4.250 |
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Revaluation of tangible assets |
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Financial investments |
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Long term investments in related companies |
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Long term loans given to related companies |
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Other long term investments |
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Long term loans given to other investees |
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Other loag term loans given |
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Securities representing long term loans |
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Revaluation of financial investments |
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CURRENT ASSETS |
728.415 |
1.1 |
643.440 |
51.7 |
12.437 |
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Inventories |
267.583 |
1.8 |
145.502 |
|
|
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Raw materials and consumables |
267.583 |
1.8 |
145.502 |
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Goodss, services |
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Advance payments on inventories |
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Animals |
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Work in progress and semi-finished products |
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Finished goods |
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Receivables |
457.050 |
0.9 |
484.001 |
3935 |
123 |
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Trade accounts receivable |
447.010 |
0.9 |
479.528 |
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Receivables from related companies |
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Receivables from other investees |
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Bills of exchange receivable |
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Other receivables |
10.040 |
2.2 |
4.473 |
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Securities |
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Investments in related companies |
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Other investments |
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Securities personifying circulational credit relation aim |
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Own shares, own quotas |
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Liquid assets |
3.782 |
0.3 |
13.937 |
1.1 |
12.314 |
|
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Cash in hand, cheques |
2.413 |
6.1 |
394 |
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Bank deposits |
1.369 |
0.1 |
13.543 |
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PREPAID EXPENSES AND ACCRUED INCOME |
10.650 |
1.8 |
6.017 |
1.3 |
4.496 |
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Accrued income |
10.637 |
1.8 |
5.929 |
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|
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Prepaid expenses |
13 |
0.1 |
88 |
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Deferred expenses |
|
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TOTAL ASSETS |
878.941 |
1.2 |
711.587 |
42 |
16.933 |
|
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SHAREHOLDERS' EQUITY |
162.992 |
1.6 |
104.545 |
147.2 |
710 |
|
|
Capital subscribed |
8.000 |
1 |
8.000 |
2.7 |
3.000 |
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|
thereof: treasure shares repurchased at face value |
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Issued but not paid capital (-) |
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Capital reserves |
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|
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Retained earnings from previous years |
96.545 |
-42.2 |
-2.290 |
5.6 |
-411 |
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Non-distributable reserves |
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Revaluation reserve |
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Profit per balance-sheet |
58.447 |
0.6 |
98.835 |
-52.6 |
-1.879 |
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PROVISIONS |
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Provisions for expected liabilities |
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Provisions for future expenses |
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Other provision |
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LIABILITIES |
712.817 |
1.2 |
604.106 |
37.2 |
16.223 |
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Subordinated liabilities |
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Long term liabilities |
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Investment and development loans |
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Other long term loans |
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Long term credits |
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Convertible bonds |
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Debts on the issue of bonds |
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Long term liabilities to related companies |
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Long term liabilities to other investees |
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Other long term liabilities |
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|
|
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|
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Short term liabilities |
712.817 |
1.2 |
604.106 |
37.2 |
16.223 |
|
|
Advance payments received from customers |
|
|
1.654 |
|
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Trade accounts payable |
642.729 |
1.1 |
569.251 |
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Bills of exchange payable |
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Short term liabilities to related companies |
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Short term liabilities to other investees |
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Short term credits |
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Short term loans |
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thereof: convertible bonds |
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Other short term liabilities |
70.088 |
2.1 |
33.201 |
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ACCRUED EXPENSES AND DEFERRED INCOME |
3.132 |
1.1 |
2.936 |
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|
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Deferred revenues |
|
|
|
|
|
|
|
Accrued expenses and deferred income |
3.132 |
1.1 |
2.936 |
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|
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Deferred income |
|
|
|
|
|
|
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TOTAL LIABILITIES AND SHEREHOLDERS EQUITY |
878.941 |
1.2 |
711.587 |
42 |
16.933 |
|
|
A. 2007. évi eredménykimutatás (12/31/2007
- 1000 HUF) - Warning! The figures stated in the balance sheet may contain
error(s). |
|||||||
|
Balance row |
A 2007.12.31. |
A <- B% |
B 2006.12.31. |
B <- C% |
C 2005.12.31. |
|
Net domestic sales revenues |
1.831.223 |
1.2 |
1.521.426 |
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Net export sales revenues |
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|
|
|
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Net sales revenues |
1.831.223 |
1.2 |
1.521.426 |
76071.3 |
20 |
|
Other revenues |
136 |
0 |
14.632 |
|
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Depreciation |
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Capitalised value of self-manufactures assets |
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Change in self-manufactured inventories |
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Capitalised value of own performance |
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Depreciation |
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|
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Cost of raw materials |
1.520.515 |
1.2 |
1.250.945 |
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Value of services used |
138.843 |
1.2 |
115.107 |
|
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Value of other services |
3.399 |
1.4 |
2.454 |
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Cost of goods sold |
17 |
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Value of recharged services |
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|
3 |
|
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Material type expenditure |
1.662.774 |
1.2 |
1.368.509 |
20125.1 |
68 |
|
Wages |
14.127 |
1.4 |
10.214 |
|
|
|
Other payments to personnel |
1.343 |
4.5 |
296 |
|
|
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Personnel related contributions |
7.763 |
1.8 |
4.418 |
|
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Payments to personnel |
23.233 |
1.6 |
14.928 |
|
|
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Deprecation change |
10.323 |
0.9 |
11.174 |
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|
Other expenses |
8.710 |
0.5 |
18.902 |
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|
of which: impairment loss provision |
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|
TRADING PROFIT |
126.319 |
1 |
122.545 |
-2553 |
-48 |
|
Interest receivable and similar income |
18 |
1.2 |
15 |
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Given to associated company |
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Dividend received |
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of which: received from related companies |
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Depreciation of selling the interests |
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Received from associated company |
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Interest received and gain on financial transactions |
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of which: received from related companies |
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|
|
|
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Other revenues from financial transactions |
10.207 |
2.1 |
4.803 |
|
|
|
Revenues from financial transactions |
10.225 |
2.1 |
4.818 |
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Losst on financial investments |
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of which: given to related companies |
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Interest paid and interest related expenses |
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Given to associated company |
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Impairment loss of financial investment, secunties and bank deposits |
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|
|
|
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Other expenditures on financial transactions |
8.076 |
1 |
7.795 |
|
|
|
Expenditures of financial transactions |
8.076 |
1 |
7.795 |
4.3 |
1.831 |
|
FINANCIAL PROFIT |
2.149 |
-0.7 |
-2.977 |
1.6 |
-1.831 |
|
PROFIT FROM ORDINARY BUSINESS |
128.468 |
1.1 |
119.568 |
-63.6 |
-1.879 |
|
Extraordinary revenues |
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|
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|
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Extraordinary expenditures |
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PROFIT ON EXTRAORDINARY EVENTS |
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|
|
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|
|
NET PROFIT BEFORE TAXATION |
128.468 |
1.1 |
119.568 |
-63.6 |
-1.879 |
|
Tax liability |
|
|
|
|
|
|
AFTER TAX PROFIT |
103.447 |
1 |
98.835 |
-52.6 |
-1.879 |
|
Dividends paid out of accumulated profit reserve |
|
|
|
|
|
|
Dividends paid (approved) out of current year profits |
45.000 |
|
|
|
|
|
NET PROFIT PER BALANCE SHEET |
58.447 |
0.6 |
98.835 |
-52.6 |
-1.879 |
|
|
|||||
Ratios
|
2007 |
2006 |
2005 |
|
|
Equity ratio |
0.19 |
0.15 |
0.04 |
|
|
Cleared equity ratio |
0.19 |
0.15 |
0.04 |
|
|
Current liquidity |
1.02 |
1.07 |
0.77 |
|
|
Quick liquidity |
0.65 |
0.82 |
0.77 |
|
|
Working capital |
15598 |
39334 |
-3786 |
|
|
Gearing |
4.37 |
5.78 |
22.85 |
|
|
Cleared gearing |
n/a |
n/a |
0 |
|
|
Profitability |
7.02 |
7.86 |
-9395 |
|
|
Operating profitability |
6.9 |
8.05 |
-240 |
|
|
Stock days |
53.33 |
34.91 |
0 |
|
|
Debtor days |
91.1 |
116 |
2245 |
|
|
Supplier days |
128 |
137 |
n/a |
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%)