MIRA INFORM REPORT
|
Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
TINTORIA PIANA MGR FESTODE KFT |
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Registered Office : |
9028 Győr, Tihanyi Á. u. 23. |
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Country : |
Hungary |
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Financials (as on) : |
31/12/2006 |
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Date of Incorporation : |
01/11/1999 |
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Legal Form : |
Limited
liability company (Ltd.) |
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Line of Business : |
Finishing of
textiles |
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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Maximum Credit Limit : |
HUF
31.650.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name &
address
TINTORIA PIANA MGR Festőde Korlátolt Felelősségű
Társaság
9028 Győr, Tihanyi Á. u. 23.
Phone: +36-96-517123
Telefax: +36-96-517122
E-Mail: pianamgr@t-online.hu
Legal form
Limited liability
company (Ltd.)
Established on
01/11/1999 -
limited liability company (Ltd.)
Registered on
24/11/1999,
Győr-Sopron-Moson megye, regnr.: 08 09 008529
Tax number 11931397-2-08
EU Community VAT identification number:
HU11931397
Statistical number 11931397
Registered capital HUF 12.200.000,-
Owner
Alberto Piana
Via Pietro Micca 8., 13051 Biella, Italy
member of Ltd.
Person in charge for delivery:
Dr. Dezső Havasi
9022 Győr, Batthyány tér 11.
Guido Piana
(BI) Via Roma 106., Valdengo, Italy
Member with majority ownership
Person in charge for delivery:
Dr. Dezső Havasi
9022 Győr, Batthyány tér 11.
Manager
Piana Eduardo
Via Roma 106., 13855 Valdengo, Italy
manager
authorized to sign alone
Piana Guido
Via Roma 106., 9999 Valdengo, Italy
manager
authorized to sign alone
Person in charge for delivery:
Dr. Dezső Havasi
9022 Győr, Batthyány tér 11.
General data
Main activity:
Finishing of textiles
Full name
TINTORIA PIANA MGR Festőde Korlátolt Felelősségű Társaság
Short name
TINTORIA PIANA MGR Kft.
General contacts:
Phone:
+36-96-517123
Telefax:
+36-96-517122
E-Mail:
pianamgr@t-online.hu
Residence address:
9028 Győr, Tihanyi Á. u. 23.
Address of the
company premises:
9027 Győr, Almafa u. 17.
Other activities
Finishing of
textiles
Non-specialised
wholesale trade
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Employees |
2007 |
15 employees |
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2008 |
17 employees |
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Annual turnover |
2004 |
Net income |
HUF |
880.616.000,- |
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2005 |
Net income |
HUF |
794.115.000,- |
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|
2006 |
Net income |
HUF |
1.325.773.000,- |
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Balance sheets |
2006. évi mérleg (12/31/2006 - 1000 HUF) |
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|
2006. évi eredménykimutatás (12/31/2006 -
1000 HUF) |
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Remarks |
The enclosed balance sheet for 2004 is
originated from official source, we do not have information about the clause
of the auditor. |
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Bank relations |
CIB Bank Zrt. Győr III. fiók: |
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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 busness connection is allowed |
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Credit limit |
HUF 31.650.000,- |
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Number of queries |
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Balance row |
A 2006.12.31. |
A <- B% |
B 2005.12.31. |
B <- C% |
C 2004.12.31. |
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FIXED ASSETS |
186.923 |
0.8 |
223.854 |
0.9 |
251.978 |
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Intangible assets |
569 |
0.4 |
1.417 |
0.6 |
2.379 |
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Consessions and similar rights and assents |
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|
1 |
0.1 |
7 |
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Goodwill |
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Advance payments on on intangible assets |
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Intellectual property |
569 |
0.4 |
1.416 |
0.6 |
2.372 |
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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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Revaluation of intangible assets |
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Tangible assets |
186.354 |
0.8 |
222.437 |
0.9 |
249.599 |
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Land and buildings and related concessions and similar rights |
133.140 |
0.9 |
142.912 |
0.9 |
153.997 |
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Technical equipment, machinery and vehicles |
50.954 |
0.7 |
68.381 |
0.8 |
90.626 |
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Other equipment, fittings and vehicles |
2.260 |
0.6 |
3.600 |
0.7 |
4.976 |
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Breeding stock |
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Capital WIP, renovations |
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|
7.544 |
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Advance payments on Capital WIP |
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Revaluation of tangible assets |
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Financial investments |
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- Securities |
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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 |
920.540 |
1.1 |
805.692 |
1 |
799.040 |
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Inventories |
259.080 |
1.1 |
236.467 |
1.6 |
147.186 |
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Raw materials and consumables |
149.666 |
1.2 |
120.353 |
1.9 |
63.133 |
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Goodss, services |
655 |
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|
3.830 |
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Advance payments on inventories |
2.500 |
1 |
2.500 |
1 |
2.500 |
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Animals |
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Work in progress and semi-finished products |
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Finished goods |
106.259 |
0.9 |
113.614 |
1.5 |
77.723 |
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Receivables |
584.486 |
1.2 |
492.953 |
0.8 |
633.398 |
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Trade accounts receivable |
401.183 |
1 |
405.019 |
0.7 |
614.186 |
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Receivables from related companies |
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Receivables from other investees |
107.540 |
2.2 |
48.177 |
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Bills of exchange receivable |
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Other receivables |
75.763 |
1.9 |
39.757 |
2.1 |
19.212 |
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Securities |
61.413 |
1 |
61.413 |
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Investments in related companies |
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Other investments |
61.413 |
1 |
61.413 |
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Securities personifying circulational credit relation aim |
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Own shares, own quotas |
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Liquid assets |
15.561 |
1 |
14.859 |
0.8 |
18.456 |
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Cash in hand, cheques |
149 |
0.4 |
354 |
1 |
365 |
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Bank deposits |
15.412 |
1.1 |
14.505 |
0.8 |
18.091 |
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PREPAID EXPENSES AND ACCRUED INCOME |
8.661 |
0.4 |
24.230 |
1.4 |
17.061 |
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Accrued income |
5.433 |
0.3 |
21.216 |
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Prepaid expenses |
3.228 |
1.1 |
3.014 |
0.2 |
17.061 |
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Deferred expenses |
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TOTAL ASSETS |
1.116.124 |
1.1 |
1.053.776 |
1 |
1.068.079 |
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SHAREHOLDERS' EQUITY |
48.107 |
6.9 |
7.015 |
-1 |
-6.734 |
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Capital subscribed |
12.200 |
1 |
12.200 |
1 |
12.200 |
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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 |
2 |
1 |
2 |
1 |
2 |
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Retained earnings from previous years |
-5.187 |
0.8 |
-6.383 |
0.7 |
-8.781 |
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Non-distributable reserves |
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Revaluation reserve |
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Profit per balance-sheet |
41.092 |
34.4 |
1.196 |
-0.1 |
-10.155 |
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PROVISIONS |
5.700 |
1 |
5.700 |
1 |
5.700 |
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Provisions for expected liabilities |
5.700 |
1 |
5.700 |
1 |
5.700 |
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Provisions for future expenses |
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Other provision |
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LIABILITIES |
1.000.278 |
1 |
987.413 |
0.9 |
1.040.912 |
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Subordinated liabilities |
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Subordinated liabilities to related companies |
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Subordinated liabilities to ither investees |
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Subordinated liabilities to other enterprises |
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Long term liabilities |
738.240 |
1 |
738.240 |
1 |
738.240 |
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Investment and development loans |
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Other long term loans |
738.240 |
1 |
738.240 |
1 |
738.240 |
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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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Short term liabilities |
262.038 |
1.1 |
249.173 |
0.8 |
302.672 |
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Advance payments received from customers |
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Trade accounts payable |
259.200 |
1 |
247.741 |
0.8 |
301.432 |
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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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|
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thereof: convertible bonds |
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Other short term liabilities |
2.838 |
2 |
1.432 |
1.2 |
1.240 |
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ACCRUED EXPENSES AND DEFERRED INCOME |
62.039 |
1.2 |
53.648 |
1.9 |
28.201 |
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Deferred revenues |
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|
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Accrued expenses and deferred income |
62.039 |
1.2 |
53.648 |
1.9 |
28.201 |
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Deferred income |
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|
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TOTAL LIABILITIES AND SHEREHOLDERS EQUITY |
1.116.124 |
1.1 |
1.053.776 |
1 |
1.068.079 |
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A. 2006. évi eredménykimutatás (12/31/2006
- 1000 HUF) |
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|
Balance row |
A 2006.12.31. |
A <- B% |
B 2005.12.31. |
B <- C% |
C 2004.12.31. |
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Net domestic sales revenues |
537 |
4.8 |
112 |
0.2 |
505 |
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Net export sales revenues |
1.325.236 |
1.7 |
794.003 |
0.9 |
880.111 |
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Net sales revenues |
1.325.773 |
1.7 |
794.115 |
0.9 |
880.616 |
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Other revenues |
13.576 |
0.5 |
27.884 |
899.5 |
31 |
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Capitalised value of self-manufactures assets |
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of which: reversal of impairment loss provision |
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Change in self-manufactured inventories |
-7.355 |
-0.2 |
35.891 |
-0.9 |
-40.742 |
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Capitalised value of own performance |
-7.355 |
-0.2 |
35.891 |
-0.9 |
-40.742 |
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Depreciation |
|
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|
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Cost of raw materials |
906.278 |
1.5 |
600.487 |
1 |
621.366 |
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Value of services used |
135.798 |
1.1 |
128.673 |
1 |
134.098 |
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Value of other services |
9.026 |
0.9 |
9.953 |
1 |
10.314 |
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Cost of goods sold |
31.809 |
4.9 |
6.478 |
0.7 |
9.013 |
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Value of recharged services |
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Material type expenditure |
1.082.911 |
1.5 |
745.591 |
1 |
774.791 |
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Wages |
30.901 |
1.4 |
21.436 |
1 |
20.574 |
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Other payments to personnel |
2.018 |
1.7 |
1.214 |
1.1 |
1.135 |
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- Contribution to the Social Security Fund |
10.797 |
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Personnel related contributions |
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|
7.703 |
1 |
7.500 |
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Payments to personnel |
43.716 |
1.4 |
30.353 |
1 |
29.209 |
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Deprecation change |
40.351 |
1 |
38.806 |
0.9 |
42.418 |
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Other expenses |
98.593 |
9.1 |
10.788 |
1.4 |
7.539 |
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of which: impairment loss provision |
89.833 |
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TRADING PROFIT |
66.423 |
2.1 |
32.352 |
-2.3 |
-14.052 |
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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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Gain on sale of investment |
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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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Other interest received |
298 |
2.4 |
124 |
0.8 |
159 |
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of which: received from related companies |
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|
|
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Other revenues from financial transactions |
43.951 |
3 |
14.622 |
0.2 |
68.942 |
|
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Revenues from financial transactions |
44.249 |
3 |
14.746 |
0.2 |
69.101 |
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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 |
22.726 |
1 |
22.798 |
1.1 |
19.935 |
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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 |
36.954 |
1.7 |
21.916 |
0.6 |
38.470 |
|
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Expenditures of financial transactions |
59.680 |
1.3 |
44.714 |
0.8 |
58.405 |
|
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FINANCIAL PROFIT |
-15.431 |
0.5 |
-29.968 |
-2.8 |
10.696 |
|
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PROFIT FROM ORDINARY BUSINESS |
50.992 |
21.4 |
2.384 |
-0.7 |
-3.356 |
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Extraordinary revenues |
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Extraordinary expenditures |
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PROFIT ON EXTRAORDINARY EVENTS |
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NET PROFIT BEFORE TAXATION |
50.992 |
21.4 |
2.384 |
-0.7 |
-3.356 |
|
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Tax liability |
9.900 |
8.3 |
1.188 |
0.2 |
6.799 |
|
|
AFTER TAX PROFIT |
41.092 |
34.4 |
1.196 |
-0.1 |
-10.155 |
|
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Dividends paid out of accumulated profit reserve |
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|
|
|
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|
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Dividends paid (approved) out of current year profits |
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|
|
|
|
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|
NET PROFIT PER BALANCE SHEET |
41.092 |
34.4 |
1.196 |
-0.1 |
-10.155 |
|
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Ratios
|
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|
2006 |
2005 |
2004 |
|
|
Equity ratio |
0.04 |
0.01 |
-0.01 |
|
|
Cleared equity ratio |
0.04 |
0.01 |
-0.01 |
|
|
Current liquidity |
3.51 |
3.23 |
2.64 |
|
|
Quick liquidity |
2.52 |
2.28 |
2.15 |
|
|
Working capital |
658502 |
556519 |
496368 |
|
|
Gearing |
20.79 |
141 |
-154.58 |
|
|
Cleared gearing |
15.35 |
105 |
-109.63 |
|
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Profitability |
3.85 |
0.3 |
-0.38 |
|
|
Operating profitability |
5.01 |
4.07 |
-1.6 |
|
|
Stock days |
71.33 |
109 |
61.01 |
|
|
Debtor days |
161 |
227 |
263 |
|
|
Supplier days |
71.36 |
114 |
125 |
Legal agreement
This information is addressed exclusively to addresse. We don't assume responsibility
for negligence referring to the content of this information.__On behalf of the
objective information, please inform us if you have different observations.
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%)