MIRA
INFORM REPORT
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Report Date : |
17.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
FLEXIDER POLAND SPÓLKA Z O.O |
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Registered Office : |
Turynska 100
43-100 Tychy |
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Country : |
Poland |
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Financials (as on) : |
30.04.2007 |
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Date of Incorporation : |
11.06.2001 |
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Com. Reg. No.: |
014940732 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Steel Tubes |
RATING &
COMMENTS
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
ADDRESS DATA
FLEXIDER POLAND SPÓŁKA Z O.O
TURYŃSKA 100
43-100 TYCHY
Tel. 032/2179644
Fax. 032/2179628
http:// www.flexider.com
E-mail: infocont@flexider.it.pl
BASIC DATA
REGONCODE 014940732
VAT: 521-29-99-175
Nationwide Court Register KRS 0000018366
Legal form: LIMITED LIABILITY COMPANY
Status: ACTIVE
Start of activity: 1999/03/18
Registering agency COURT OF COMMERCE, KATOWICE
Type : NATIONAL COURT REGISTER
Date of registration: 2001/06/11
NACE code 27.22
Manufacture of steel tubes
NACE code 28.4
Forging, pressing, stamping and roll forming of metal; powder metallurgy
NACE code 28.73
Manufacture of wire products
NACE code 34.30
Manufacture of parts and accessories for motor vehicles and their engines
HS/CN code 870892--
VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING-STOCK, AND PARTS AND
ACCESSORIES THEREOF
Parts and accessories for tractors, motor vehicles for the transport of ten
more persons, motor cars and other motor vehicles principally designed for t
transport of persons, motor vehicles for the transport of goods and special
purpose motor vehicles of heading Nos 8701 to 8705, n.e.s.
Silencers and exhaust pipes, for tractors, motor vehicles for the transport
ten or more persons, motor cars and other motor vehicles principally designe
for the transport of persons, motor vehicles for the transport of goods and
special purpose motor vehicles
ORGANIZATIONAL-LEGAL DATA
Register capital:
Value : 9069600.00 PLN
Number of shares: 90696
SHAREHOLDER:
NIEUWBURGH B.V.
Identifier CEN0004277CZ
NL
1077 ZX AMSTERDAM
NEDERLAND
Tel. 020-4064444
Value : 9069500.00 PLN
Quant: 90695
MANAG.:
MEMBER OF THE BOARD
Surname : LIANA
Names : WOJCIECH
PESEL : 55111804270
Citizenship : Poland
Addr.:
Country code : Poland
MANAG.:
VICE-PRESIDENT OF THE BOARD
Surname : CURCI
Names : JOHN VINCENT
MANAG.:
MEMBER OF THE BOARD
Surname : PERRONE
Names : ROBERTO
MANAG.:
PRESIDENT OF THE BOARD
Surname : VAN NES
Names : DONALD KENT
SHARES IN OTHER COMPANIES
No data
EMPLOYMENT
Total (MIN MAX) Productive(MIN MAX) Unprod.(MIN MAX) DATE FROM DATE TO
70-70 - - 2006/01/01-2006/12/31
80-80 - - 2005/01/01-2005/12/31
80-80 - - 2004/01/01-2004/12/31
REAL ESTATE
Real estate: BD BUILDINGS AND CONSTRUCTIONS
OWN: Area from to Value
- 1446978.18 PLN
2006-12-31
SALES
2006/05/01 - 2007/04/30 44209438.43
2005/05/01 - 2006/04/30 37397603.19
2004/05/01 - 2005/04/30 37387000.00
2003/05/01 - 2004/04/30 40447000.00
FINANCIAL DATA
Balance
sheet as on 2006/04/30 2007/04/30
ASSETS
A. Total non-current assets:
8528491.09 9710062.30
I.Intangible assets: 3337.40 16273.52
1.Costs of development activities: 0.00 0.00
2.Goodwill: 0.00 0.00
3.Other intangible fixed assets: 3337.40 16273.52
4.Prepayments for intangible
assets:
0.00 0.00
II.Fixed assets: 8087388.69 9568468.78
1.tangible fixed assets:
8062791.19 9088161.41
a)land:
0.00 0.00
b)buildings: 1637917.57 1446978.18
c)machinery and equipment:
6373309.05 7606831.66
d)vehicles: 0.00 0.00
e)other tangible fixed assets:
51564.57 34351.57
2.Investments in progress:
24597.50 88251.13
3.Investments in progress paid on
accounts:
0.00 392056.24
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:
0.00 0.00
1.Real-estate property: 0.00 0.00
2.Intangible assets:
0.00 0.00
3.Long-term financial assets:
0.00 0.00
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 long-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 long-term financial
assets:
0.00 0.00
4.Other long-term investments: 0.00 0.00
V.Long-term interperiod settlements: 437765.00 125320.00
1.Assets from deffered income tax: 437765.00 125320.00
2.Others: 0.00 0.00
B. Current assets: 26128114.00 21882041.79
I.Inventory 4950357.90 7465517.61
1.Materials: 2521102.75 5669713.48
2.Semi-products and work in
progress:
1176033.34 1131001.85
3.Finished goods: 1253221.81 664802.28
4.Products: 0.00 0.00
5.Advance payment for delivery:
0.00 0.00
II.Accounts receivable:
20136195.13 13084331.55
1.From related companies:
16156499.27 4258078.36
a)trade receivables: 16156499.27 4258078.36
- within 12 months:
16156499.27 4258078.36
- more than 12 months:
0.00 0.00
b)others: 0.00 0.00
2.From other companies:
3979695.85 8826253.19
a)trade receivables: 3951484.75 8664441.59
- within 12 months:
3951484.75 8664441.49
- more than 12 months:
0.00 0.00
b)tax and social receivables:
23148.57 156986.60
c)other receivables:
5062.54 4825.00
d)accounts receiv. result. from
disputable claims:
0.00 0.00
III.Short-term investments:
978555.32 1189016.02
1.Short-term financial assets: 978555.32 1189016.02
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:
978555.32 1189016.02
- cash in hand and at bank:
978555.32 1189016.02
- 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: 63005.65 143176.61
Total assets
(A+B): 34656605.09 31592104.09
LIABILITIES
A. Net worth:
14527495.09 18258309.20
I.Issued capital:
9069600.00 9069600.00
II.Outstanding but unpaid contribution for
share: 0.00 0.00
III.Entity's own capital (negative): 0.00 0.00
IV.Reserve capital:
0.00 0.00
V.Revaluation reserve:
0.00 0.00
VI.Other reserve capitals:
3390692.07 5457895.09
VII.Profit/loss brutto forward:
0.00 0.00
VIII.Net financial result for the year: 2067203.02 3730814.11
IX.Write-offs from net profit:
0.00 0.00
B.Liabilities & reserves:
20129110.00 13333794.89
I.Reserve for liabilities: 387026.63 447120.95
1.Reserves for deffered income tax: 243011.00 276779.00
2.Reserves for retirement and
similar:
59249.76 121064.13
- long-term: 59249.76 121064.13
- short-term:
0.00 0.00
3.Other reserves: 84765.87 49277.82
- long-term:
0.00 0.00
- short-term:
84765.87 49277.82
II.Long-term liabilities:
0.00 0.00
1.To related companies:
0.00 0.00
2.To other companies:
0.00 0.00
a)credits and loans:
0.00 0.00
b)commercial papers:
0.00 0.00
c)other financial liabilities: 0.00 0.00
d)other long-term liabilities:
0.00 0.00
III.Short-term liabilities:
19742083.37 12886673.94
1.To related companies:
16879865.30 4859567.00
a)trade payable:
16879865.30 4859567.00
- within 12 months: 16879865.30 4859567.00
- more than 12 months:
0.00 0.00
b)other:
0.00 0.00
2.To other companies:
2785346.50 7927034.97
a)bank loans: 0.00 0.00
b)commercial papers:
0.00 0.00
c)other financial liabilities:
0.00 0.00
d)trade payables:
2333968.93 7007352.09
- within 12 months: 2333968.93 7007352.09
- more than 12 months:
0.00 0.00
e)supplies paid on account:
0.00 0.00
f)notes payable:
0.00 0.00
g)tax & social securities:
451377.57 919682.88
h)payroll payable: 0.00 0.00
i)other short-term liabilities: 0.00 0.00
3.Special funds:
76871.57 100071.97
IV.Accrued liabilities:
0.00 0.00
1.Negative goodwill:
0.00 0.00
2.Other: 0.00 0.00
- long-term: 0.00 0.00
- short-term:
0.00 0.00
Total liabilties (A+B): 34656605.09 31592104.09
Balance sheet as on 2004/04/30 2005/04/30
ASSETS
A. Total non-current assets:
12170000.00 10414000.00
I.Intangible assets:
14000.00 4000.00
II.Fixed assets: 11381000.00 9944000.00
B. Current assets: 20198000.00 23591000.00
I.Inventory
3511000.00 3199000.00
II.Accounts receivable:
15050000.00 18855000.00
IV.Short-term interperiod settlements: 439000.00 97000.00
Total assets
(A+B): 32368000.00 34005000.00
LIABILITIES
A. Net worth:
9678000.00 12460000.00
I.Issued capital:
9069000.00 9069000.00
VII.Profit/loss brutto forward:
-2853000.00
VIII.Net financial result for the year: 3463000.00 2781000.00
B.Liabilities & reserves:
22688000.00 21545000.00
I.Reserve for liabilities:
488000.00 298000.00
II.Long-term liabilities:
174000.00 0.00
III.Short-term liabilities: 21996000.00 21244000.00
IV.Accrued liabilities:
30000.00 3000.00
Total liabilties (A+B):
32368000.00 34005000.00
Profit
and loss account (comp) 2006/04/30 2007/04/30
2005/05/01 2006/05/01
A. Net sales of goods and products: 37166136.41 44141546.03
- including to related companies 3583492.11 4781779.63
I.Net sales of products:
36024866.87 44591467.54
II.Change of products :
1141269.54 -449921.51
III.Costs of production: 0.00 0.00
IV.Net sale of goods and materials: 0.00 0.00
B. Operation expenses:
34696938.51 38664330.93
I. Depreciation: 2560136.43 2316585.11
II. Costs of materials and energy: 21372930.88 25525442.99
III. Outside services: 7853037.48 7503582.96
IV.Taxes :
91327.22 94662.78
- including excise taxes:
0.00 0.00
V. Salaries: 1975973.86 2330445.23
VI. Social taxes & related:
698001.80 773346.13
VII. Other:
145530.84 120265.73
VIII. Goods and materials sold:
0.00 0.00
C. Profit (loss) on sale (A-B):
2469197.90 5477215.10
D. Other operation incomes: 52922.88 67579.97
I.Profit from sale of tangible assets: 5650.65 0.00
II.Grants & subsidies:
0.00 0.00
III.Other: 47272.23 67579.97
E. Other operating costs:
16422.69 290045.40
I.Loss from sale of tangible assets: 0.00 0.00
II.Revaluation of non-financial assets: 0.00 150217.00
III.Other:
16422.69 139828.40
F. Profit from operating activity
(C+D-E): 2505698.90 5254749.67
G. Financial income:
178543.90 312.43
I. Dividends: 0.00 0.00
- from subisdiaries and affiliates: 0.00 0.00
II.Interest receivable:
2842.07 312.43
- 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: 175701.83 0.00
H. Financial costs: 10065.97 125590.99
I.Interest payable including:
10065.97 803.81
- to related companies: 0.00 0.00
II.Loss from invetsments transffered: 0.00 0.00
III.Revaluation of investments:
0.00 0.00
IV.Other:
0.00 124787.18
I. Profit (loss) from economic activity
(F+G-H):
2674176.02 5129471.11
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): 2674176.02 5129471.11
L. Corporate income tax:
606973.00 1398657.00
M. Other obligatory charges:
0.00 0.00
N. Net profit for the year (K-L-M): 2067203.02 3730814.11
Profit
and loss account (calc) 2004/04/30 2005/04/30
2003/05/01 2004/05/01
A. Net sales of goods and products:
40356000.00 36222000.00
- including to related companies
I. Net sales of products
II. Net sale of goods and materials
B. Operation expenses:
- including to related companies
I. Cost of production
II. Goods and materials at cost
C. Gross profit on sale(A-B)
D. Costs of sale
E. General administrative costs
F. Profit from sale (C-D-E)
6736000.00 2516000.00
G. Other operation incomes 87000.00 256000.00
I. Profit from sale of tangible assets
II. Grants & subsidies
III. Other
H. Other operating costs
113000.00 118000.00
I. Loss from sale of tangible assets
II. Revaluation of non-financial
assets
III. Other operating costs
I. Profit from operating activity
(F+G-H) 6710000.00 2655000.00
J. Financial income 4000.00 909000.00
I. Dividends
- from subisdiaries and affiliates
II. Interest receivable
- from subisdiaries and affiliates
III. Profits from investment
transfeered
IV. Revaluation of investments
V. Other
K. Financial costs 1450000.00 27000.00
I. Interest payable including:
- to related companies
II. Loss from invetsments transffered
III. Revaluation of investments
IV. Other
L. Profit from economic activity (I+J-K) 5264000.00 3537000.00
M. Extraordinary items (M.I - M.II)
I. Extraordinary incomes
II.Extraordinary losses
N. Gross profit for the year (L+M) 5264000.00 3537000.00
O. Corporate income tax
P. Other obligatory charges
R. Net profit for the year (N-O-P)
3463000.00 2781000.00
Cash
flow statement 2004/04/30
2003/05/01
A. Operating cash flow
1131000.00
B.
Investment cash flow -658000.00
C.
Financial cash flow -197000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) 274000.00
Cash
flow statement 2005/04/30
2004/05/01
A. Operating cash flow 2256000.00
B.
Investment cash flow -1154000.00
C.
Financial cash flow -219000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) 254000.00
Cash
flow statement 2006/04/30
2005/05/01
A. Operating cash flow 334208.36
I. Net profit 2067203.02
II. Adjustments -1732994.66
1. Depreciation 2560136.43
2. Loss on exchange rates difference 19373.61
3. Interests/dividends
receivable/payable
10065.97
4. Loss on investment activities 5650.65
5.
Change of reserves 88772.80
6. Change in invesntories
-1750863.76
7. Change in accounts receivable -1281024.69
8. Change in short-term liabilities -1393432.67
9. Change in prepaid items
58375.52
10. Other items .00
III.Net operating cash flow (I +/- II) 334208.36
B.
Investment cash flow -695393.73
I. Cash inflows from investment
activities
5650.65
1. Sale of intangible assets 5650.65
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 701044.38
1. Acquired intangible and tangible fixed
assets 573884.33
2. Investments in real-estate and
intangible assets 127160.00
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 -695393.73
C.
Financial cash flow -118774.84
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
118774.84
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 .00
5. Debt securities and loans repaid .00
6. Resulted from financial leasing .00
7. Interests payable
108708.87
8. Interests 10065.97
9. Other financial outflows .00
III. Net financial cash flow -118774.84
D. Total net cash flow (A.III +/- B.III +/- C.III) -479960.21
E. Change in cash. positions in balance 466129.13
- including due to the foreign exchanges
difference 13381.08
F. Cash at the beginning of the year 1433599.39
G. Cash at the end of the year (F +/- D) 953639.18
- including restricted cash .00
Cash
flow statement 2007/04/30
2006/05/01
A. Operating cash flow
4042834.93
I. Net profit 3730814.11
II. Adjustments 312020.82
1. Depreciation 2316585.11
2. Loss on exchange rates difference 32247.90
3. Interests/dividends
receivable/payable
803.81
4. Profit on investment activities 53217.00
5. Change of reserves
60094.32
6. Change in invesntories -2515159.71
7. Change in accounts receivable 7051863.58
8. Change in short-term liabilities -6855409.43
9. Change in prepaid items 232274.04
10. Other items .00
III.Net operating cash flow (I +/- II) 4042834.93
B.
Investment cash flow -3863818.32
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 3863818.32
1. Acquired intangible and tangible fixed
assets 3471762.08
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 392056.24
III. Net cash from invetsment activities -3863818.32
C.
Financial cash flow -803.81
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
803.81
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 .00
5. Debt securities and loans repaid .00
6. Resulted from financial leasing .00
7. Interests payable
.00
8. Interests 803.81
9. Other financial outflows .00
III.
Net financial cash flow -803.81
D. Total net cash flow (A.III +/- B.III +/- C.III) 178212.80
E. Change in cash. positions in balance 210460.70
- including due to the foreign exchanges
difference 32247.90
F. Cash at the beginning of the year 978555.32
G. Cash at the end of the year (F +/- D) 1156768.12
- including restricted cash 9006.92
INDEX ANALYS
year 2005 2006 2007
CURRENT RATIO (CR)
Current Assets/Current liabilities 1.1104783 1.3234730 1.6980364
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities 0.9598946 1.0727214 1.1187157
CASH RATIO (SQR)
Cash/Current liabilities
0.0495670 0.0922671
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days 32.2355 48.6163 61.7313
CREDITORS DAYS/DAY'S SALES IN
RECEIVABLES
Current receivables/Turnover x 365 days 189.9971 197.7529 108.1924
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days 214.070 193.882 106.558
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 63.4% 58.1% 42.2%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO
I
Longterm liabilities/Equity capital 0.00000 0.00000 0.00000
LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO
II
Longterm liab./Equity cap.+Longterm liab. x
100% 0.0% 0.0% 0.0%
RETURN ON SALES (ROS)
Net profit/Turnover x 100% 7.7% 5.6% 8.5%
RETURN ON ASSETS (ROA)
Net profit/Total assets x 100% 8.2% 6.0% 11.8%
RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100% 22.3% 14.2% 20.4%
LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x
100% 0.0000000 0.0000000
0.0000000
WORKING CAPITAL
Current assets-Current liabilities 2347000.00 6386030.63
8995367.85
WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x
100% 6.5% 17.2% 20.4%
HISTORICAL DATA
Address data validity period: 2001/06/11 - 2001/07/13
FLEXIDER POLAND SPÓŁKA Z O.O.
SOBIESKIEGO 110 LOK.16/17
00-764 WARSZAWA
http:// www.flexider.com
Basic data validity period: 1999/03/18 - 2001/06/11
Legal form: LIMITED LIABILITY COMPANY
Registering agency COURT OF COMMERCE
Type : COMMERCIAL REGISTER
Number RHB 56442
Date of registration: 03/18/1999
Shares history validity period: 2003/06/12 - 2007/02/15
SHAREHOLDER:
FLEXIDER S.R.L.
Identifier CEN0004276CZ
I
Corso Romania 501 24
Turin 10156
Italy
Tel. (39) 0112627111
http:// www.flexider.com
Value : 9069500.00 PLN
Quant: 90695
Shares history validity period: 2001/06/11 - 2003/06/12
SHAREHOLDER:
SOCIETA ITALIANA PER LE IMPRESE MISTE ALL'ESTRO - SIMEST S.P.A.
Identifier CEN0000534CZ
I
Corso Vittorio Emanuele II, 323
00186 Roma
ITALY
Tel. 06 68635.1
Fax. 06 68635.220
http:// www.simest.it
Value : 2266400.00 PLN
Quant: 22664
Shares history validity period: 2001/06/11 - 2003/06/12
SHAREHOLDER:
FLEXIDER S.R.L.
Identifier CEN0004276CZ
I
Corso Romania 501 24
Turin 10156
Italy
Tel. (39) 0112627111
http:// www.flexider.com
Value : 6803100.00 PLN
Quant: 68031
Function history validity period: 2006/08/28 - 2007/04/24
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname : VAN NES
Names : DONALD KENT
Function history validity period: 2006/06/28 - 2006/08/28
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname : LARNER
Names : DAVID STUART
Function history validity period: 2005/11/07 - 2007/05/28
FUNCTION ACTING :
BOARD
VICE-PRESIDENT OF THE BOARD
Surname : BERTOLINO
Names : GIUSEPPE PAOLO
Function history validity period: 2005/05/31 - 2005/11/07
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname : BERTOLINO
Names : GIUSEPPE PAOLO
Function history validity period: 2003/06/12 - 2006/06/28
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname : LAWHEAD
Names : RONALD SCOTT
Function history validity period: 2003/06/12 - 2006/06/28
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname : SCHRAMM
Names : DAVID
Function history validity period: 2003/06/12 - 2006/06/28
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname : MONDINO
Names : RENZO
Citizenship : Italy
Foreigner address :
Country code : Italy
Function history validity period: 2003/06/12 - 2007/04/24
FUNCTION ACTING :
BOARD
PRESIDENT OF THE BOARD
Surname : VIRANO
Names : FRANCO GIUSEPPE
Citizenship : Italy
Foreigner address :
Country code : Italy
Function history validity period: 2002/06/28 - 2003/06/12
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname : VIRANO
Names : FRANCO GIUSEPPE
Citizenship : Italy
Foreigner address :
Country code : Italy
Function history validity period: 2002/06/28 - 2003/06/12
FUNCTION ACTING :
BOARD
PRESIDENT OF THE BOARD
Surname : MONDINO
Names : RENZO
Citizenship : Italy
Foreigner address :
Country code : Italy
Function history validity period: 2001/06/11 - 2002/12/18
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname : RIGOLA
Names : CLAUDIO
Citizenship : Italy
Foreigner address :
Country code : Italy
Function history validity period: 2001/06/11 - 2002/06/28
FUNCTION ACTING :
BOARD
PRESIDENT OF THE BOARD
Surname : MOISO
Names : GIOVANNI DAVIDE
Citizenship : Italy
Foreigner address :
Country code : Italy
Function history validity period: 2001/06/11 - 2002/06/28
FUNCTION ACTING :
BOARD
MEMBER OF THE BOARD
Surname : MONDINO
Names : RENZO
Citizenship : Italy
Foreigner address :
Country code : Italy
PAYMENTS
No significant trade experience has been reported thus far
TRADE PARTNER
Details not available
RELATED FIRMS
Note reported
PROCEDURES
Officially not available
ADDITIONAL INFORMATION
Any other information officially not available
BANK
Officially not available
CUSTOMERS/SUPPLIERS
Officially not available
CONTACT WITH THE COMPANY
We sent enquiry regarding to financial and activity of company,
directly to MR.WOJCIECH LIANA – MEMBER OF THE BOARD, answer has not arrived.
If the additional information is received, we will supplement the report.
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
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%)