MIRA INFORM REPORT

 

 

 

Report Date :

07.07.2008

 

IDENTIFICATION DETAILS

 

Name :

FIS D.O.O. VITEZ

 

 

Registered Office :

Jardol bb, Poslovni centar 96, BA 72250 Vitez

 

 

Country :

Bosnia and Herzegovina

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

1992

 

 

Com. Reg. No.:

1992.12.24, Commercial Court Travnik

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Electrical Machinery and Apparatu

 

 

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 :

EUR 900.000,00

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Clear

 

name & address

 

FIS d.o.o. Vitez

Jardol bb, Poslovni centar 96

BA 72250 Vitez

Tel: +387 30/715300, 715900

Fax: +387 30/715999

E-mail: fis1@web-sat.com, info@fis-bih.com

Web: www.fis-bih.com

 

 

Legal form

 

d.o.o. - limited liability company

                                    

 

Established    

 

1992

                                    

 

Registered

 

1992.12.24, Commercial Court Travnik,

 

 

VAT number

 

 236020240006

 

 

Statistic number

 

4236020240006

                                    

 

Establisher    

 

Pero  Gudelj,
Vitez                             100,00%

                                                                                                                                                        

 

 

 

 

Basic capital 

 

KM 25.161.754,00

Changes of the capital:

2006 the capital was increased from KM 24.944.754,00 to the above amount
2004 the capital was increased from KM 15.963.550,00 to the above amount
2002 the capital was increased from KM 1.434.418,00 to the above amount

                                    

 

Management   

 

Pero Gudelj, general manager,

72250 Vitez, Bosnia & Hercegovina

            Željo Šanić, manager,

Bosnia & Hercegovina

            Snježana Gudelj, manager,

Bosnia & Hercegovina

            Vjećeslav Blaž, sales manager,

Bosnia & Hercegovina

                                    

 

Activity

 

Manufacture of electrical machinery and apparatus n.e.c.

Manufacture of footwear

Manufacture of other office and shop furniture

Other wholesale

Retail sale in non-specialised stores

Retail sale of electrical household appliances and radio and television goods

Retail sale of clothing

Wholesale of clothing and footwear

Manufacture of other wearing apparel and accessories

Restaurants

                                    

Whole- and retail trade with groceries
trade with furniture, lightning and other household equipment, textiles, paints and varnishes
Production of stockings and textile products

Import from Turkey, Slovenia, Poland, Hungary, China, Italy, Croatia, Czech Republic, Belgium, Austria, Greece, Serbia,
Montenegro etc.

Importquote: 50%
Exporte to Serbia, Montenegro, Croatia
Exportquote: 1,5 - 2%

Legal site and business premises (offices 760 m2, production 6.558 m2 and warehouses 905 m2) are located at the above address, owned by the company.
Shopping centres at:
- Radoslava Lopašića bb, 77000 Bihać; store from 1.500 m2, warehouse from 400 m2, parking from 2.000 m2
- Mihaljevac bb, 77220 Cazin; store from 2.033 m2, warehouse from 1.200 m2 and parking from 6.200 m2
- Pavlovića put bb, 76300 Bijeljinja; store from 3.600 m2, warehouse from 1.400 m2 and parking from 2.000 m2
- Branilaca grada bb, 75320 Gračanica; business premises from 3.300 m2
- Bilećka bb, 78000 Banja Luka;  business premises from 7.052 m2
- Kulina Bana 10, 70230 Bugojno
- Jukićeva 146, 71000 Sarajevo
- Osječka bb, 35000 Slavonski Brod, Croatia; business premises from 1.200 m2
- Cesta dr. Franje Tuđmana 177, 21212 Kaštel Sućurac, Croatia
- Ottakringer Straße 63/1 1160 Wien, Austria; business premises from 360 m2 at area from 1.500 m2
other business premises in Bosnia and Hercegovina at:
- Hasana Kikića 29, 79260 Sanski Most
- Kralja Petra I. 68, 78240 Čelinac
- Kralja Tomislava 123, 88260 Čitluk
- Ante Starčevića bb, 88300 Čapljina

                                    

Basic activity (according to National activity classification):

Manufacture of electrical machinery and apparatus n.e.c. (31)

                                    

 

Staff

 

2002                              429                employees

2004                              860                employees

2005                              1061              employees

2006                              1293              employees

2007                              1680              employees

 

 

Total revenue    

 

2003 total revenue           KM                                             74.140.263

2004 total revenue           KM                                             94.723.000

2005 total revenue           KM                                             115.663.000

2006 total revenue           KM                                             140.123.000

2007 total revenue           KM                                             169.426.000

 

 

 

Real estate    

 

the company owns real estates
book value of land:
2007-12-31: KM  11.099.130,00
book value of buildings:
2007-12-31: KM  43.391.638,00
information about eventual mortgage existance not available
insight into real estate register not possible

 

 

 

 

 

 

 

 

 

Assets

 

Currency: KM ( x 1.000 )

2007.12.31

2006.12.31

 

 

 

FIXED ASSETS

90.995

70.326

  Intangible assets

203

217

  Tangible assets

89.380

68.627

  Long term financ. assets

1.321

1.341

  Long term receivables

91

141

CURRENT ASSETS

56.051

46.418

  Inventories

46.022

37.057

  - raw and auxiliary materials

4.369

3.153

  - goods in course of production

236

86

  - trade goods

36.886

32.867

  - finished products

1.761

908

  - advance payments

2.770

43

  Short term receivables

8.286

7.282

  - from sales

7.078

6.025

  - from state and institutions

0

76

  - others

1.208

1.181

  Short term financial assets

686

285

 Cash at bank and in hand

1.057

1.794

ACCRUALS

156

68

LOSS OVER THE CAPITAL

0

0

TOTAL ASSETS

147.202

116.812

 

 

Liabilities  

                                   

Currency: KM ( x 1.000 )

2007.12.31

2006.12.31

 

 

 

EQUITY

48.678

39.071

  Subscribed capital

25.162

25.162

  Profit brought forward

23.516

13.909

PROVISIONS

3

276

LONG TERM LIABILITIES

44.443

24.643

SHORT TERM LIABILITIES

53.742

52.400

  To associated companies

5.855

4.859

  Loans

6.919

9.594

  Credits

11.992

14.380

  Deposits, advances payments

145

113

  To suppliers

26.551

22.072

  Taxes, fees, etc.

1.097

550

  Other short term liabilities

1.183

832

DEFFERED ITEMS

336

422

TOTAL LIABILITIES

147.202

116.812

 

 

 

 

 

 

 

Profit / loss account

                       

Currency: KM ( x 1.000 )

2007.12.31

2006.12.31

OPERATING REVENUES

168.834

140.002

  Sales in the country

167.526

138.665

  Other revenues

1.308

1.337

OPERATING EXPENSES

155.414

130.559

    Material costs

151.976

129.508

    - sold goods costs

129.613

109.006

    - other external costs

22.363

20.502

    Other operating expenses

3.438

1.051

FINANCIAL REVENUES

592

121

FINANCIAL EXPENSES

3.888

2.663

EXTRAORDINARY REVENUES

0

0

EXTRAORDINARY EXPENSES

0

0

TOTAL REVENUES

169.426

140.123

TOTAL EXPENSES

159.302

133.222

    Profit before taxation

10.124

6.901

    Loss before taxation

0

0

    Taxation on profit

351

0

PROFIT OF THE PERIOD

9.773

6.901

LOSS OF THE PERIOD

0

0

 

 

Financial stability ratio

 

 

2007.

2006.

 

 

 

 

 

 

0,6797

0,5959

 

Solvency ratio (%)

33,07

33,45

 

Debt ratio (in years)

10,0466

11,164

 

Liquidity ratio

0,1866

0,1786

 

Current ratio

1,043

0,8858

 

Total assets turnover

1,151

1,1996

 

Inventories turnover

3,6814

3,7813

 

Collection period (in days)

17,604

18,72

 

Inventories bonding (in days)

97,776

95,22

 

Profit margin (%)

5,77

4,92

 

Return on total assets (%)

6,64

5,91

 

Return on equity (%)

20,08

17,66

 

Total revenue per employee (x 1.000)

100,8488

108,3705

 

Profit per employee (x 1.000)

5,8173

5,3372

 

Equity per employee (x 1.000)

28,975

30,2173

 

Total assets per employee (x 1.000)

87,6202

90,3418

 

EBIT (x 1.000)

13420

9443

 

EBITDA (x 1.000)

13420

9443

 

EBIT Margin (%)

7,95

6,74

 

EBITDA Margin (%)

7,95

6,74

 

 

 

 

 

 

 

Remarks 

 

2003  profit KM               1.988.000                         

2004  profit KM               2.163.659                         

2005  profit KM               3.454.273                         

2006  profit KM               6.901.464                         

2007  profit KM               10.124.339                       

                                    

Subsidiaries:

FIS-ŠPED d.o.o.

Poslovni centar 96, 72250 Vitez, Bosnia & Hercegovina                                                      100,00%       

 

FIS-IZGRADNJA d.o.o.

Poslovni centar 96, 72250 Vitez, Bosnia & Hercegovina                                                      100,00%       

Short company name: FIS d.o.o.

 Other functions and shares of Mr. Pero Gudelj:
- FIS Handels GmbH (established at: 2002-03-21), Ottakringer Strasse 63, 1160 Wien; - manager and establisher

 

 

Bankers

 

Unicredit Zagrebačka banka d.d.
Account number: 3382502200012715

Hypo Alpe-Adria banka d.d.
Account number: 3060410000025994

Raiffeisen banka d.d.
Account number: 1610700000050028

                                    

Mode of payment mostly within agreed terms, but partly also delayed

                                    

 

Credit opinion

Business connections are permissible

                                    

Max. credit EUR 900.000,00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.37

UK Pound

1

Rs.85.51

Euro

1

Rs.68.08

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions