MIRA
INFORM REPORT
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Report Date : |
12.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CELSA HUTA OSTROWIEC SPOLKA Z O.O. |
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Registered Office : |
Samsonowicza 2 27-400 Ostrowiec Świętokr |
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Country : |
Poland |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
May 2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of basic iron and steel and of ferro-alloys (ECSC) Treatment and coating of metals, Transport via railways Telecommunications |
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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Maximum Credit Limit : |
EUR 6.000.000 |
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Status : |
Very Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
ADDRESS DATA
CELSA HUTA OSTROWIEC SPÓŁKA Z O.O.
SAMSONOWICZA 2
27-400 OSTROWIEC ŚWIĘTOKR
Tel. 041/2492302
Fax. 041/2492222
http:// www.celsaho.com
E-mail: salesho@celsaho.com
BASIC DATA
REGONCODE 016364209
VAT: 527-23-12-319
Nationwide Court Register KRS
0000123124
Legal form: LIMITED
LIABILITY COMPANY
Status: ACTIVE
Start of activity: 2000/05/
Registering agency COURT
OF COMMERCE, KIELCE
Type : NATIONAL COURT REGISTER
Date of registration: 2002/07/22
NACE code 27.10
Manufacture of basic iron and steel and of ferro-alloys (ECSC)
NACE code 28.51
Treatment and coating of metals
NACE code 60.10
Transport via railways
NACE code 64.20
Telecommunications
ORGANIZATIONAL-LEGAL DATA
Register capital:
Value : 222445000.00 PLN
Number of shares :
222445
SHAREHOLDER
CELSA POLSKA HOLDING SP. Z O.O.
Identifier CEN0196082CK
SAMSONOWICZA 2
27-400 OSTROWIEC ŚWIĘTOKR
Tel. 041/2492302
Fax. 022/5811155
Value : 222445000.00 PLN
Quant: 222445
MANAG.
PRESIDENT OF THE BOARD
Representation : SOLE
SIGNATURE
Surname :
RUBIRALTA-VILASECA
Names :
FRANCISCO
Citizenship : Spain
PROXIES/PLENIPOTENTIAR.:
PROXY
Surname :
PUEYO-ALONSO
Names : ANGEL
Citizenship : Spain
PROXIES/PLENIPOTENTIAR.:
PROXY
Surname :
AFELIS-RENE
Names :
FRANCISCO
Citizenship : Spain
PROXIES/PLENIPOTENTIAR.:
PROXY
Surname :
RAVENTOS-VICENS
Names :
VALENTIN
Citizenship : Spain
PROXIES/PLENIPOTENTIAR.:
PROXY
Surname :
GRAU-MARTINEZ
Names : OSCAR
Citizenship : Spain
PROXIES/PLENIPOTENTIAR.:
PROXY
Surname :
GIRALT-VIVES
Names : NARCIS
Citizenship : Spain
SHARES IN OTHER COMPANIES
Note reported
EMPLOYMENT
Total (MIN MAX) Productive(MIN
MAX) Unprod.(MIN MAX) DATE FROM DATE TO
1340-1340 - - 2007/01/01-2007/12/31
1337-1337 - - 2006/01/01-2006/12/31
1380-1380 - - 2005/01/01-2005/12/31
1678-1678 - - 2004/01/01-2004/12/31
REAL ESTATE
Real estate: GN GROUNDS
OWN: Area from to Value Cur Number of mortgage reg.
- 3416000.00
PLN
Real estate: BD BUILDINGS AND
CONSTRUCTIONS
OWN: Area from to Value Cur Number of mortgage reg.
- 45267000.00 PLN
2006/12/31
SALES: (PLN)
2006/01/01 - 2006/12/31
2227493000.00
2005/01/01 - 2005/12/31
1544895000.00
2004/01/01 - 2004/12/31
1406879000.00
2003/10/01 - 2003/12/31 185716000.00
FINANCIAL DATA: (PLN)
REMARKS:
Company did not file F/S 2007
Balance
sheet as on 2005/12/31 2006/12/31
ASSETS
A. Total non-current assets:
270021000.00 325200000.00
I.Intangible assets:
14878000.00 10715000.00
1.Costs of development activities: 0.00 0.00
2.Goodwill: 0.00 0.00
3.Other intangible fixed assets: 14878000.00 10715000.00
4.Prepayments for intangible
assets:
0.00 0.00
II.Fixed assets: 245328000.00 294595000.00
1.tangible fixed assets:
234026000.00 266704000.00
a)land:
3416000.00 3416000.00
b)buildings: 35839000.00 45267000.00
c)machinery and equipment:
190975000.00 213709000.00
d)vehicles: 788000.00 757000.00
e)other tangible fixed assets:
3008000.00 3555000.00
2.Investments in progress:
11302000.00 27891000.00
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:
9815000.00 14717000.00
1.Real-estate property:
0.00 0.00
2.Intangible assets:
0.00 0.00
3.Long-term financial assets:
9815000.00 14715000.00
a)in related companies: 9715000.00 14715000.00
- shares: 9715000.00 14715000.00
- 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:
100000.00 2000.00
- shares: 100000.00 2000.00
- 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: 0.00 5173000.00
1.Assets from deffered income tax: 0.00 5173000.00
2.Others: 0.00 0.00
B. Current assets: 554230000.00 986487000.00
I.Inventory
226230000.00 308664000.00
1.Materials: 80650000.00 70612000.00
2.Semi-products and work in
progress:
76329000.00 145210000.00
3.Finished goods:
68793000.00 91677000.00
4.Products: 0.00 0.00
5.Advance payment for delivery:
458000.00 1165000.00
II.Accounts receivable: 236046000.00 421169000.00
1.From related companies:
100000.00 648000.00
a)trade receivables:
100000.00 648000.00
- within 12 months:
100000.00 648000.00
- more than 12 months:
0.00 0.00
b)others: 0.00 0.00
2.From other companies:
235946000.00 420521000.00
a)trade receivables:
192886000.00 356518000.00
- within 12 months:
192886000.00 356518000.00
- more than 12 months:
0.00 0.00
b)tax and social receivables:
42742000.00 63885000.00
c)other receivables:
318000.00 118000.00
d)accounts receiv. result. from
disputable claims:
0.00 0.00
III.Short-term investments:
87589000.00 247771000.00
1.Short-term financial assets:
87589000.00 247771000.00
a)in related companies:
0.00 141755000.00
- shares: 0.00 0.00
- other commercial papers: 0.00 0.00
- provided loans:
0.00 141755000.00
- other short-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 short-term financial
assets:
0.00 0.00
c)cash and other cash assets:
87589000.00 106016000.00
- cash in hand and at bank:
87589000.00 106016000.00
- 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: 4365000.00 8883000.00
Total assets
(A+B): 824251000.00 1311687000.00
LIABILITIES
A. Net worth:
323120000.00 553887000.00
I.Issued capital:
222445000.00 222445000.00
II.Outstanding but unpaid contribution for
share: 0.00 0.00
III.Entity's own capital (negative): 0.00 0.00
IV.Reserve capital:
60859000.00 84426000.00
V.Revaluation reserve:
0.00 0.00
VI.Other reserve capitals:
1249000.00 1249000.00
VII.Profit/loss brutto forward: 0.00 0.00
VIII.Net financial result for the year: 38567000.00 245767000.00
IX.Write-offs from net profit:
0.00 0.00
B.Liabilities & reserves:
501131000.00 757800000.00
I.Reserve for liabilities:
5545000.00 13322000.00
1.Reserves for deffered income tax: 5545000.00 10244000.00
2.Reserves for retirement and
similar:
0.00 3078000.00
- long-term: 0.00 3078000.00
- 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: 212492000.00 196132000.00
1.To related companies:
0.00 0.00
2.To other companies:
212492000.00 196132000.00
a)credits and loans:
196121000.00 169507000.00
b)commercial papers:
0.00 0.00
c)other financial liabilities:
0.00 12164000.00
d)other long-term liabilities:
16371000.00 14461000.00
III.Short-term liabilities:
271316000.00 536901000.00
1.To related companies: 11676000.00 39357000.00
a)trade payable:
11676000.00 39357000.00
- within 12 months:
11676000.00 39357000.00
- more than 12 months: 0.00 0.00
b)other:
0.00 0.00
2.To other companies: 259511000.00 497513000.00
a)bank loans: 72254000.00 252579000.00
b)commercial papers:
0.00 0.00
c)other financial liabilities:
0.00 0.00
d)trade payables:
166782000.00 226723000.00
- within 12 months: 166782000.00 226723000.00
- more than 12 months:
0.00 0.00
e)supplies paid on account:
0.00 0.00
f)notes payable: 5734000.00 6534000.00
g)tax & social securities:
11577000.00 5531000.00
h)payroll payable:
2697000.00 3119000.00
i)other short-term liabilities: 467000.00 3027000.00
3.Special funds:
129000.00 31000.00
IV.Accrued liabilities: 11778000.00 11445000.00
1.Negative goodwill:
3471000.00 2755000.00
2.Other:
8307000.00 8690000.00
- long-term: 0.00 0.00
- short-term:
8307000.00 8690000.00
Total liabilties (A+B): 824251000.00 1311687000.00
Balance sheet as on 2003/12/31
2004/12/31
ASSETS
A. Total non-current assets:
99766000.00 189310000.00
I.Intangible assets:
16571000.00 13554000.00
1.Costs of development activities: 0.00 0.00
2.Goodwill: 0.00 0.00
3.Other intangible fixed assets: 16571000.00 13554000.00
4.Prepayments for intangible
assets:
0.00 0.00
II.Fixed assets: 82622000.00 165459000.00
1.tangible fixed assets:
78329000.00 84890000.00
a)land:
3263000.00 3263000.00
b)buildings: 26989000.00 26183000.00
c)machinery and equipment:
47534000.00 54565000.00
d)vehicles: 403000.00
520000.00
e)other tangible fixed assets:
140000.00 359000.00
2.Investments in progress:
4293000.00 79696000.00
3.Investments in progress paid on
accounts:
0.00 873000.00
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:
573000.00 10297000.00
1.Real-estate property: 0.00 0.00
2.Intangible assets:
0.00 0.00
3.Long-term financial assets:
573000.00 10297000.00
a)in related companies:
0.00 9724000.00
- shares: 0.00 9724000.00
- 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: 573000.00 573000.00
- shares: 573000.00 573000.00
- 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: 0.00 0.00
1.Assets from deffered income tax: 0.00 0.00
2.Others:
0.00 0.00
B. Current assets: 190293000.00 587743000.00
I.Inventory 107114000.00 276539000.00
1.Materials: 18268000.00 96976000.00
2.Semi-products and work in
progress:
30369000.00 74353000.00
3.Finished goods:
58349000.00 105029000.00
4.Products: 0.00 0.00
5.Advance payment for delivery: 128000.00
181000.00
II.Accounts receivable:
73564000.00 191235000.00
1.From related companies:
200000.00 1338000.00
a)trade receivables:
0.00 1338000.00
- within 12 months:
0.00 1338000.00
- more than 12 months: 0.00 0.00
b)others: 200000.00 0.00
2.From other companies:
73364000.00 189897000.00
a)trade receivables: 44065000.00 141165000.00
- within 12 months:
44065000.00 141165000.00
- more than 12 months:
0.00 0.00
b)tax and social receivables:
29145000.00 48592000.00
c)other receivables: 154000.00 140000.00
d)accounts receiv. result. from
disputable claims:
0.00 0.00
III.Short-term investments:
6589000.00 113788000.00
1.Short-term financial assets:
6589000.00 113788000.00
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 short-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 short-term financial assets: 0.00 0.00
c)cash and other cash assets:
6589000.00 113788000.00
- cash in hand and at bank:
6589000.00 113788000.00
- 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: 3026000.00 6181000.00
Total assets
(A+B): 290059000.00 777053000.00
LIABILITIES
A. Net worth:
115443000.00 284553000.00
I.Issued capital:
110825000.00 222445000.00
II.Outstanding but unpaid contribution for
share: 0.00 0.00
III.Entity's own capital (negative): 0.00 0.00
IV.Reserve capital: 1274000.00 4667000.00
V.Revaluation reserve:
0.00 0.00
VI.Other reserve capitals:
0.00 0.00
VII.Profit/loss brutto forward:
-49000.00 -49000.00
VIII.Net financial result for the year: 3393000.00 92490000.00
IX.Write-offs from net profit:
0.00 -35000000.00
B.Liabilities & reserves:
174616000.00 492500000.00
I.Reserve for liabilities:
8078000.00 3900000.00
1.Reserves for deffered income tax: 390000.00 3900000.00
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: 7688000.00 0.00
- long-term:
0.00 0.00
- short-term:
7688000.00 0.00
II.Long-term liabilities:
21712000.00 213580000.00
1.To related companies:
2500000.00 0.00
2.To other companies: 19212000.00 213580000.00
a)credits and loans:
0.00 213580000.00
b)commercial papers:
4876000.00 0.00
c)other financial liabilities:
2920000.00 0.00
d)other long-term liabilities:
11416000.00 0.00
III.Short-term liabilities: 132427000.00 263961000.00
1.To related companies:
0.00 5364000.00
a)trade payable:
0.00 5364000.00
- within 12 months:
0.00 5364000.00
- more than 12 months:
0.00 0.00
b)other:
0.00 0.00
2.To other companies:
132382000.00 258479000.00
a)bank loans: 0.00 60212000.00
b)commercial papers: 0.00 0.00
c)other financial liabilities:
5680000.00 2920000.00
d)trade payables:
69222000.00 186326000.00
- within 12 months:
69222000.00 186326000.00
- more than 12 months:
0.00 0.00
e)supplies paid on account: 0.00 0.00
f)notes payable:
11991000.00 4875000.00
g)tax & social securities:
5221000.00 0.00
h)payroll payable:
2945000.00 3443000.00
i)other short-term liabilities: 37323000.00 703000.00
3.Special funds:
45000.00 118000.00
IV.Accrued liabilities:
12399000.00 11059000.00
1.Negative goodwill:
4902000.00 4186000.00
2.Other: 7497000.00 6873000.00
- long-term: 5155000.00 0.00
- short-term:
2342000.00 6873000.00
Total liabilties (A+B):
290059000.00 777053000.00
Balance sheet as on
2002/12/31
ASSETS
A. Total non-current assets: 27609000.00
II.Fixed assets:
0.00
B. Current assets:
1000.00
II.Accounts receivable:
0.00
IV.Short-term interperiod settlements:
0.00
Total assets
(A+B): 27610000.00
LIABILITIES
A. Net worth:
-4000.00
I.Issued capital: 20000.00
IV.Reserve capital:
25000.00
VII.Profit/loss brutto forward:
-39000.00
VIII.Net financial result for the year:
-10000.00
B.Liabilities & reserves:
27614000.00
I.Reserve for liabilities: 0.00
II.Long-term liabilities:
0.00
III.Short-term liabilities:
46000.00
IV.Accrued liabilities:
27568000.00
Total liabilties (A+B):
27610000.00
Profit and loss account
(comp)
2005/12/31 2006/12/31
2005/01/01 2006/01/01
A. Net sales of goods and products: 1539278000.00 2217795000.00
- including to related companies 1803000.00
3180000.00
I.Net sales of products:
1459943000.00 1962954000.00
II.Change of products :
43296000.00 252322000.00
III.Costs of production:
0.00 0.00
IV.Net sale of goods and materials: 36039000.00 2519000.00
B. Operation expenses:
1468396000.00 1893877000.00
I. Depreciation: 15584000.00 24631000.00
II. Costs of materials and energy: 1094996000.00 1511124000.00
III. Outside services: 216853000.00 255273000.00
IV.Taxes :
7417000.00 7295000.00
- including excise taxes:
0.00 0.00
V. Salaries: 61141000.00 59343000.00
VI. Social taxes & related:
17054000.00 21211000.00
VII. Other:
19162000.00 13270000.00
VIII. Goods and materials sold:
36189000.00 1730000.00
C. Profit (loss) on sale (A-B):
70882000.00 323918000.00
D. Other operation incomes: 1729000.00 1332000.00
I.Profit from sale of tangible assets: 567000.00 0.00
II.Grants & subsidies:
0.00 0.00
III.Other: 1162000.00 1332000.00
E. Other operating costs:
5797000.00 8205000.00
I.Loss from sale of tangible assets: 1243000.00 1082000.00
II.Revaluation of non-financial assets: 0.00 0.00
III.Other:
4554000.00 7123000.00
F. Profit from operating activity
(C+D-E): 66814000.00
317045000.00
G. Financial income:
3888000.00 8366000.00
I. Dividends: 0.00 0.00
- from subisdiaries and affiliates: 0.00 0.00
II.Interest receivable:
1563000.00 4802000.00
- from subisdiaries and affiliates: 21000.00 2278000.00
III.Profits from investment
transfeered:
748000.00 166000.00
IV.Revaluation of investments:
0.00 0.00
V.Other: 1577000.00
3398000.00
H. Financial costs: 22832000.00 25949000.00
I.Interest payable including:
19571000.00 18766000.00
- to related companies:
0.00 0.00
II.Loss from invetsments transffered: 732000.00 0.00
III.Revaluation of investments:
0.00 0.00
IV.Other:
2529000.00 7183000.00
I. Profit (loss) from economic activity
(F+G-H):
47870000.00 299462000.00
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): 47870000.00 299462000.00
L. Corporate income tax:
9303000.00 53695000.00
M. Other obligatory charges:
0.00 0.00
N. Net profit for the year (K-L-M): 38567000.00 245767000.00
Profit
and loss account (comp) 2003/12/31 2004/12/31
2003/10/01 2004/01/01
A. Net sales of goods and products: 177662000.00 1402903000.00
- including to related companies 0.00 2508000.00
I.Net sales of products:
85783000.00 1307533000.00
II.Change of products :
91486000.00 88338000.00
III.Costs of production:
201000.00 0.00
IV.Net sale of goods and materials: 192000.00 7032000.00
B. Operation expenses:
172364000.00 1271268000.00
I. Depreciation: 1252000.00 11865000.00
II. Costs of materials and energy: 135601000.00 986003000.00
III. Outside services:
11093000.00 152945000.00
IV.Taxes : 812000.00 7573000.00
- including excise taxes:
0.00 0.00
V. Salaries: 11907000.00 61880000.00
VI. Social taxes & related: 3290000.00 17200000.00
VII. Other:
8049000.00 25990000.00
VIII. Goods and materials sold:
360000.00 7812000.00
C. Profit (loss) on sale (A-B):
5298000.00 131635000.00
D. Other operation incomes:
7939000.00 212000.00
I.Profit from sale of tangible assets: 0.00 212000.00
II.Grants & subsidies:
0.00 0.00
III.Other:
7939000.00 0.00
E. Other operating costs: 7804000.00 12935000.00
I.Loss from sale of tangible assets: 0.00 0.00
II.Revaluation of non-financial assets: 0.00 0.00
III.Other:
7804000.00 12935000.00
F. Profit from operating activity
(C+D-E):
5433000.00 118912000.00
G. Financial income: 115000.00 3764000.00
I. Dividends: 0.00 0.00
- from subisdiaries and affiliates: 0.00 0.00
II.Interest receivable: 115000.00 607000.00
- 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 3157000.00
H. Financial costs: 7798000.00 0.00
I.Interest payable including:
298000.00 5520000.00
- to related companies:
0.00 246000.00
II.Loss from invetsments transffered: 0.00 0.00
III.Revaluation of investments:
0.00 0.00
IV.Other: 698000.00 2278000.00
I. Profit (loss) from economic activity
(F+G-H):
4552000.00 114878000.00
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): 4552000.00 114878000.00
L. Corporate income tax:
1159000.00 22388000.00
M. Other obligatory charges:
0.00 0.00
N. Net profit for the year (K-L-M): 3393000.00 92490000.00
Cash flow statement 2006/12/31
2006/01/01
A. Operating cash flow
103746000.00
I. Net profit 245767000.00
II. Adjustments -142021000.00
1. Depreciation 24631000.00
2. Profit on exchange rates difference 6691000.00
3. Interests/dividends
receivable/payable
14468000.00
4. Profit on investment activities 1082000.00
5. Change of reserves
7777000.00
6. Change in invesntories -82434000.00
7. Change in accounts receivable -185123000.00
8. Change in short-term liabilities 80846000.00
9. Change in prepaid items -9602000.00
10. Other items 357000.00
III.Net operating cash flow (I +/- II) 103746000.00
B.
Investment cash flow -210032000.00
I. Cash inflows from investment
activities
1501000.00
1. Sale of intangible assets 1403000.00
2. Sale of real-estate property and intang.
assets .00
3. Sale of financial assets
98000.00
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
98000.00
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted .00
- interests .00
- other inflows
.00
4. Other investment inflows .00
II. Cash outflows from investment
activities 211533000.00
1. Acquired intangible and tangible fixed
assets 57551000.00
2. Investments in real-estate and
intangible assets .00
3. On financial assets
153982000.00
a) assets in related companies 153982000.00
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 -210032000.00
C.
Financial cash flow 124713000.00
I. Inflows from financial activity 167571000.00
1. Net inflows from issuing shares, capital
instr. .00
2. Bank credits and loans
167571000.00
3. Issue of debt securities .00
4. Other financial inflows
.00
II. Cash outflows from financial
activity
42858000.00
1. Own shares acquired
.00
2. Dividends and other payables to
owner 15000000.00
3. Payments, other than dividends,to shareholders/owners .00
4. Bank credits and loan repaids 13325000.00
5. Debt securities and loans repaid .00
6. Resulted from financial leasing .00
7. Interests payable
.00
8. Interests 14533000.00
9. Other financial outflows .00
III. Net financial cash flow 124713000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) 18427000.00
E. Change in cash. positions in balance 18427000.00
- including due to the foreign exchanges difference .00
F. Cash at the beginning of the year 87589000.00
G. Cash at the end of the year (F +/- D) 106016000.00
- including restricted cash .00
Cash flow statement
2005/12/31
2005/01/01
A. Operating cash flow
79490000.00
I. Net profit 38567000.00
II. Adjustments 40923000.00
1. Depreciation 15585000.00
2. Loss on exchange rates difference 4384000.00
3. Interests/dividends
receivable/payable
18461000.00
4. Profit on investment activities 536000.00
5. Change of reserves
1645000.00
6. Change in invesntories
50309000.00
7. Change in accounts receivable -44811000.00
8. Change in short-term liabilities 2050000.00
9. Change in prepaid items
1529000.00
10. Other items 3000.00
III.Net operating cash flow (I +/- II) 79490000.00
B.
Investment cash flow -82095000.00
I. Cash inflows from investment
activities
855000.00
1. Sale of intangible assets 373000.00
2. Sale of real-estate property and intang.
assets .00
3. Sale of financial assets
482000.00
a) in related companies
482000.00
- 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
.00
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted .00
- interests .00
- other inflows
.00
4. Other investment inflows .00
II. Cash outflows from investment
activities 82950000.00
1. Acquired intangible and tangible fixed
assets 82950000.00
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 -82095000.00
C.
Financial cash flow -23594000.00
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
23594000.00
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 1033000.00
5. Debt securities and loans repaid .00
6. Resulted from financial leasing 5103000.00
7. Interests payable
.00
8. Interests 17458000.00
9. Other financial outflows .00
III. Net financial cash flow -23594000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) -26199000.00
E. Change in cash. positions in balance 26199000.00
- including due to the foreign exchanges
difference .00
F. Cash at the beginning of the year 113788000.00
G. Cash at the end of the year (F +/- D) 87589000.00
- including restricted cash .00
Cash flow statement
2004/12/31
2004/01/01
A. Operating cash flow
-106861000.00
I. Net profit 92490000.00
II. Adjustments -199351000.00
1. Depreciation 11865000.00
2. Loss on exchange rates difference 2200000.00
3. Interests/dividends
receivable/payable
7240000.00
4. Loss on investment activities 297000.00
5. Change of reserves
-4178000.00
6. Change in invesntories
-169425000.00
7. Change in accounts receivable -117671000.00
8. Change in short-term liabilities 82458000.00
9. Change in prepaid items -9469000.00
10. Other items 2326000.00
III.Net operating cash flow (I +/- II) -106861000.00
B.
Investment cash flow -85792000.00
I. Cash inflows from investment
activities
1506000.00
1. Sale of intangible assets 1506000.00
2. Sale of real-estate property and intang.
assets .00
3. Sale of financial assets
.00
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
.00
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted .00
- interests .00
- other inflows
.00
4. Other investment inflows .00
II. Cash outflows from investment
activities 87298000.00
1. Acquired intangible and tangible fixed
assets 78524000.00
2. Investments in real-estate and
intangible assets .00
3. On financial assets
8774000.00
a) assets in related companies 8774000.00
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 -85792000.00
C.
Financial cash flow 299852000.00
I. Inflows from financial activity 352093000.00
1. Net inflows from issuing shares, capital
instr. 111620000.00
2. Bank credits and loans
240473000.00
3. Issue of debt securities .00
4. Other financial inflows .00
II. Cash outflows from financial
activity
52241000.00
1. Own shares acquired
.00
2. Dividends and other payables to
owner 35000000.00
3.
Payments, other than dividends,to shareholders/owners 111620000.00
4. Bank credits and loan repaids .00
5. Debt securities and loans repaid .00
6. Resulted from financial leasing 12648000.00
7. Interests payable
.00
8. Interests 4593000.00
9. Other financial outflows .00
III. Net financial cash flow 299852000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) 107199000.00
E. Change in cash. positions in balance 107199000.00
- including due to the foreign exchanges
difference .00
F. Cash at the beginning of the year 6589000.00
G. Cash at the end of the year (F +/- D) 113788000.00
- including restricted cash .00
Cash flow statement
2003/12/31
2003/10/01
A. Operating cash flow
-77911000.00
I. Net profit 3393000.00
II. Adjustments -81304000.00
1. Depreciation 1252000.00
2. Profit on exchange rates difference 697000.00
3. Interests/dividends
receivable/payable
184000.00
4. Profit on investment activities .00
5. Change of reserves
8078000.00
6. Change in invesntories
-107114000.00
7. Change in accounts receivable -73075000.00
8. Change in short-term liabilities 97168000.00
9. Change in prepaid items
-8494000.00
10. Other items .00
III.Net operating cash flow (I +/- II) -77911000.00
B.
Investment cash flow -62191000.00
I. Cash inflows from investment
activities
.00
1. Sale of intangible assets .00
2. Sale of real-estate property and intang.
assets .00
3. Sale of financial assets
.00
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
.00
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted .00
- interests .00
- other inflows
.00
4. Other investment inflows .00
II. Cash outflows from investment
activities 62191000.00
1. Acquired intangible and tangible fixed
assets 61618000.00
2. Investments in real-estate and
intangible assets .00
3. On financial assets
573000.00
a) assets in related companies .00
b) assets in other companies 573000.00
- financial assets acquired 573000.00
- long-term loans granted .00
4. Other investment outflows .00
III. Net cash from invetsment activities -62191000.00
C.
Financial cash flow 146690000.00
I. Inflows from financial activity 147225000.00
1. Net inflows from issuing shares, capital
instr. 112054000.00
2. Bank credits and loans
35104000.00
3. Issue of debt securities .00
4. Other financial inflows
67000.00
II. Cash outflows from financial
activity
535000.00
1. Own shares acquired .00
2. Dividends and other payables to
owner .00
3. Payments, other than dividends,to
shareholders/owners 112054000.00
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 .00
9. Other financial outflows 535000.00
III. Net financial cash flow 146690000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) 6588000.00
E. Change in cash. positions in balance 6588000.00
- including due to the foreign exchanges
difference .00
F. Cash at the beginning of the year 1000.00
G. Cash at the end of the year (F +/- D) 6589000.00
- including restricted cash .00
INDEX ANALYSE
year 2004 2005 2006
CURRENT RATIO (CR)
Current Assets/Current liabilities 2.2266282 2.0427472 1.8373723
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities 1.1789772 1.2089224 1.2624730
CASH RATIO (SQR)
Cash/Current liabilities 0.4310788
0.3228302 0.1974591
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days 71.9485 53.6446 50.7993
CREDITORS DAYS/DAY'S SALES IN
RECEIVABLES
Current receivables/Turnover x 365 days 49.7545 55.9722 69.3151
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days 68.676 64.336 88.362
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 63.4% 60.8% 57.8%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO
I
Longterm liabilities/Equity capital 0.75058 0.65763 0.35410
LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO
II
Longterm liab./Equity cap.+Longterm liab. x
100% 42.9% 39.7% 26.2%
RETURN ON SALES (ROS)
Net profit/Turnover x 100% 6.6% 2.5% 11.1%
RETURN ON ASSETS (ROA)
Net profit/Total assets x 100% 11.9% 4.7% 18.7%
RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100% 32.5% 11.9% 44.4%
LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x
100% 0.4472496 0.4392073 0.2675623
WORKING CAPITAL
Current assets-Current liabilities 323782000.00 282914000.00 449586000.00
WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x
100% 23.1% 18.4% 20.3%
HISTORICAL DATA
Address data validity period: 2003/10/08 - 2003/11/14
CELSA HUTA OSTROWIEC SPÓŁKA Z O.O.
JANA PAWŁA II 29
00-854 WARSZAWA
Address data validity period: 2003/09/01 - 2003/10/08
CELSA POLSKA SPÓŁKA Z O.O.
JANA PAWŁA II 29
00-854 WARSZAWA
Address data validity period: 2002/07/22 - 2003/09/01
POLISH INVESTMENT AND CONSULTING GROUP SPÓŁKA Z O.O.
JANA PAWŁA II 29
00-854 WARSZAWA
Basic data validity period: 2000/04/28 - 2002/07/22
Legal form: LIMITED LIABILITY COMPANY
Registering agency COURT OF COMMERCE
Type : COMMERCIAL REGISTER
Number RHB 60467
Date of registration: 04/28/2000
Nominal capital validity period: 2004/03/10 - 2004/07/30
Value : 110825000.00 PLN
Number of shares:
110825
Nominal capital validity period: 2003/11/14 - 2004/03/10
Value : 55825000.00 PLN
Number of shares:
55825
Nominal capital validity period: 2002/07/22 - 2003/11/14
Value : 20000.00 PLN
Number of shares:
20
Shares history validity period: 2004/07/30 - 2004/11/03
SHAREHOLDER:
CELSA POLSKA HOLDING SP. Z O.O.
Identifier CEN0196082CK
SAMSONOWICZA 2
27-400 OSTROWIEC ŚWIĘTOKR
Tel. 041/2492302
Fax. 022/5811155
Value : 222444000.00 PLN
Quant: 222444
Shares history validity period: 2004/03/10 - 2004/07/30
SHAREHOLDER:
CELSA POLSKA HOLDING SP. Z O.O.
Identifier CEN0196082CK
SAMSONOWICZA 2
27-400 OSTROWIEC ŚWIĘTOKR
Tel. 041/2492302
Fax. 022/5811155
Value : 110824000.00 PLN
Quant: 110824
Shares history validity period: 2003/11/14 - 2004/03/10
SHAREHOLDER:
PIMAR 2002 TAS SL.
Identifier CEN0004434CZ
E
POLIGONO INDUSTRIAL SAN VICENTE SN
CASTELLBISBAL, BARCELONA SPAIN 08755
Tel. 0034 - (937) 730
Value : 55823000.00 PLN
Quant: 55823
Shares history validity period: 2003/09/01 - 2003/11/14
SHAREHOLDER:
PIMAR 2002 TAS SL.
Identifier CEN0004434CZ
E
POLIGONO INDUSTRIAL SAN VICENTE SN
CASTELLBISBAL, BARCELONA SPAIN 08755
Tel. 0034 - (937) 730
Value : 20000.00 PLN
Quant: 20
Shares history validity period: 2002/07/22 - 2003/09/01
SHAREHOLDER:
Surname :
NEUBAUER
Names :
FRIEDRICH
Citizenship : All
Countries
Foreigner address :
Country code : All
Countries
Value : 20000.00 PLN
Quant: 20
Function history validity period: 2003/11/14 - 2006/11/30
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname :
RUBIRALTA-VILASECA
Names : JOSE
MARIA
Citizenship : Spain
Foreigner address :
Country code : Spain
Function history validity period: 2003/09/01 - 2003/11/14
FUNCTION ACTING :
BOARD
PRESIDENT OF THE BOARD
Surname :
TYMCZENKO
Names : JANUSZ
CZESŁAW
PESEL :
60011202918
Citizenship : Poland
Addr.:
Country code : Poland
Function history validity period: 2002/07/22 - 2003/09/01
FUNCTION ACTING :
BOARD
PRESIDENT OF THE BOARD
Surname :
NEUBAUER
Names : FRIEDRICH
Citizenship : All
Countries
Foreigner address :
Country code : All
Countries
PROXIES/PLENIPOTENTIAR.: 2004/03/11 - 2005/07/29
PROXY
Surname :
LOPEZ-GONZALEZ
Names :
FERNANDO
Citizenship : Spain
Foreigner address :
Country code : Spain
PROXIES/PLENIPOTENTIAR.: 2004/03/10 - 2007/02/27
PROXY
Surname :
PETIT-OLIVER
Names : PERE
Citizenship : Spain
Foreigner address :
Country code : Spain
PROXIES/PLENIPOTENTIAR.: 2003/11/04 - 2004/11/03
PROXY
Surname :
COS-QUIXAL
Names : JOSEP
MARIA
Citizenship : Spain
Foreigner address :
Country code : Spain
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
BRANCHE (OFFICE):
ul. Chmielna 85/87
00 - 805 Warszawa
Poland
Tel. + 48 22 581 11 55
Fax +48 22 581 11 40
CERTIFICATES:
-ISO 9001:2000
-ISO 18001
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
CREDIT RATING
We report nothing unfavorable about the
Company;
Maximum
Credit: -/+ 6.000.000 EUR
Average respite of credit: 30-60 days
The above index results from compilation of
data available on the subject of your enquiry for CRIF at the date of this
report
All figure quoted in PLN
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.71 |
|
UK Pound |
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.64.70 |
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%)