MIRA
INFORM REPORT
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Report Date : |
31.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
KAMENKO d.o.o. za obradu kamena, trgovinu i usluge,
Ljubuški |
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Registered Office : |
Grab bb, BA 88320 Ljubuški |
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Country : |
Bosnia and Herzegovina |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1997-01-01 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Cutting, shaping and
finishing of stone. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
KAMENKO d.o.o. za
obradu kamena, trgovinu i usluge, Ljubuški
Grab bb
BA 88320 Ljubuški
Tel : +387 39/851179, +385
91/5229407
Fax : +387 39/851179
Legal
form
limited liability company
Established
1997
Registered
1997-01-01, Commercial Court Ljubuški, Nr.
old statistic number: (20103159)
VAT number
272041800008
Statistic
number
4272041800008
Establisher
Zdenko Miličević 100,00%
Basic
capital
KM 2.500,00
Management
Zdenko Miličević, manager,
Bosnia & Hercegovina
Activity
Cutting, shaping and finishing of stone
legal site and business premises are located at the
above address the company owns vehicles, number and type not known
Basic activity (according to National activity classification):
Cutting, shaping and finishing of stone
Staff
2005 4 employees
2006 4 employees
Total
revenue
2005 total revenue KM 292.000
2006 total revenue KM 229.000
Real
estate
the company owns real estates
Book value of buildings 2006: KM 37.303,00
information about eventual mortgage existance not available
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Assets |
Currency: KM ( x 1.000 ) |
2006-12-31 |
2005-12-31 |
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FIXED ASSETS |
99 |
114 |
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Intangible assets |
0 |
0 |
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Tangible
assets |
99 |
114 |
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Long
term financ. assets |
0 |
0 |
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Long
term receivables |
0 |
0 |
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CURRENT ASSETS |
168 |
118 |
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Inventories |
155 |
117 |
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- raw
and auxiliary materials |
155 |
0 |
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Short
term receivables |
11 |
0 |
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Short
term financial assets |
0 |
0 |
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Cash at
bank and in hand |
2 |
1 |
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ACCRUALS |
0 |
0 |
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LOSS OVER THE CAPITAL |
0 |
0 |
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TOTAL ASSETS |
267 |
232 |
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Liabilities |
Currency: KM ( x 1.000 ) |
2005-12-31 |
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EQUITY |
28 |
17 |
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Subscribed
capital |
2 |
2 |
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Profit
brought forward |
26 |
15 |
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LONG TERM LIABILITIES |
12 |
35 |
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SHORT TERM LIABILITIES |
227 |
180 |
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Credits |
137 |
51 |
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To
suppliers |
81 |
121 |
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Taxes,
fees, etc. |
7 |
5 |
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Other
short term liabilities |
2 |
3 |
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DEFFERED ITEMS |
0 |
0 |
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TOTAL LIABILITIES |
267 |
232 |
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Profit / loss account |
Currency: KM ( x 1.000 ) |
2006-12-31 |
2005-12-31 |
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OPERATING REVENUES |
229 |
291 |
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Sales in
the country |
229 |
291 |
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Other
revenues |
0 |
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OPERATING EXPENSES |
214 |
286 |
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Material costs |
214 |
286 |
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- sold
goods costs |
207 |
279 |
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-
other external costs |
7 |
7 |
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FINANCIAL REVENUES |
0 |
1 |
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FINANCIAL EXPENSES |
0 |
0 |
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EXTRAORDINARY REVENUES |
0 |
0 |
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EXTRAORDINARY EXPENSES |
0 |
0 |
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TOTAL REVENUES |
229 |
292 |
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TOTAL EXPENSES |
214 |
286 |
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Profit
before taxation |
15 |
6 |
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Loss
before taxation |
0 |
0 |
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Taxation on profit |
4 |
2 |
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PROFIT OF THE PERIOD |
11 |
4 |
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LOSS OF THE PERIOD |
0 |
0 |
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Financial
ratios
2006. 2005.
Financial stability ratio 0,1575 0,2251
Solvency ratio (%) 10,49 7,33
Debt ratio (in years) 21,7273 53,75
Liquidity ratio 0,0573 0,0056
Current ratio 0,7401 0,6556
Total assets turnover 0,8577 1,2586
Inventories turnover 1,4774 2,4957
Collection period (in days) 17,28 ***
Inventories bonding (in days) 243,684 144,252
Profit margin (%) 4,8 1,37
Return on total assets (%) 4,12 1,72
Return on equity (%) 39,29 23,53
Total revenue per employee (x 1.000) 57,25 73
Profit per employee (x 1.000) 2,75 1
Equity per employee (x 1.000) 7 4,25
Total assets per employee (x 1.000) 66,75 58
EBIT (x 1.000) 15 5
EBITDA (x 1.000) 15 5
EBIT Margin (%) 6,55 1,72
EBITDA Margin (%) 6,55 1,72
Remarks
2005 profit KM 6.000
2006 profit KM 15.000
Short company name: Kamenko d.o.o.
Exchange rate:
2004.12.31: EUR 1 = KM 1,9559
2005.12.31: EUR 1 = KM 1,9558
2006.12.31: EUR 1 = KM 1,9558
Inflations rate:
2003: 0,6%
2004: 0,4%
2005: 3,8%
2006: 7,4%
Mode
of payment
no complaints
Credit
opinion
business conections appear permissible
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)