MIRA INFORM REPORT

 

 

Report Date :

19.11.2008

 

IDENTIFICATION DETAILS

 

Name :

METRA BLANSKO A.S.

 

 

Registered Office :

Pražská 7, čp. 1602, 678 49 Blansko

 

 

Country :

Czech Republic

 

 

Financials (as on) :

2007

 

 

Year of Establishment :

1991

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture of instruments and appliances for measuring, testing and navigation

 

 

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 450.000,00

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


Name

 

METRA BLANSKO A.S.

 

Principal Address

Pražská 7, čp. 1602
678 49 Blansko
Czech Republic
Tel: +420-516 591 111, +420-516 591 100, +420-516 591 116, +420-516 591 103
Fax: +420-516 417 557
Email: jachan@metra.cz
Internet: www.metra.cz


Registered office

Pražská 7, čp. 1602
678 49 Blansko
Czech Republic

 

 

Former company names

Metra Blansko a.s., valid since 15.03.1991 valid until 18.11.1996

 

 

Former company addresses

Former Registered office:
Poříčí 24, č.p. 1602
678 49 Blansko
Czech Republic

Former Registered office:
Hybešova 53
678 23 Blansko
Czech Republic

 

ICON number

4594620

National ID

15546110


 

VAT number

CZ15546110

 

Registration status: 15.03.1991 - registered company
Activity status: 15.03.1991 - active company

 

 

 

CREDIT INFORMATION SUMMARY

 

 

 

Insolvency Information:

According to available information sources the company is not in a insolvency/preliminary/debt regulation proceeding.

 

 

 

Maximum Credit:

EUR 450.000,00

 

 

 

 

Payment Practices:

Payments are made according to terms

 

 

 

Further Rating Information:

Researched company is categorized as a big company.
Turnover volume of CZK 576.548.000 in the year 2007 decreased by 1,43% compared with 2006. In previous period this change was 34,60%.
Fixed assets decreased by CZK 19.892.000 and now 56,02% of total assets.

 

 

 

Debt Collection:

There is no record of any debt collection action against this company exceeding a single case volume of EUR 500.

 

 

 

COMPANY DETAILS

 

 

Established:

1991

 

 

 

Registration:

No. B 396
15.03.1991
Brno, Czech Republic

 

 

 

Legal Form:

15.03.1991
joint stock company

 

 

 

Capital:

CZK 220.212.755,00

CZK 238 589 750,- since 20.09.2004
CZK 185 442 320,- since 25.01.2006
CZK 220 212 755,- since 13.02.2007

 

 

 

Management:

Full Name

Function

Address

Ing. JACHAN Oldřich
01.07.2008 - Present

Chairman of the executive board

Sloupečník 35
678 01 Blansko
Czech Republic

PERNICA Ivo
01.07.2008 - Present

Deputy chairman of the executive board

Komenského 5a
678 01 Blansko
Czech Republic

Ing. ZOUHAR Jiří
01.07.2008 - Present

Deputy chairman of the executive board

Sloupečník 69
678 01 Blansko
Czech Republic

ORLÍČEK Jiří
01.08.2008 - Present

Member of the executive board

BlKlepačov 130
67801 Blansko
Czech Republic

Ing. URBAN Jan
01.07.2008 - Present

Member of the executive board

Sloupečník 72
67801 Blansko
Czech Republic

Ing. RŮŽIČKA Miroslav
01.07.2007 - Present

Chairman of the supervisory board

Pod Javory 28
678 01 Blansko
Czech Republic

 

 

 

Person functions in other companies:

Function

Company

Other known functions of  Ing. Růžička Miroslav

Managing director

APOS-BINDING, s.r.o. (CZ)
National ID: 27746259

Other known functions of  Pernica Ivo

Managing director

ABL, s.r.o. (CZ)
National ID: 63468875

Managing director

APOS-AUTO, s.r.o. (CZ)
National ID: 47906260

Other known functions of  Ing. Zouhar Jiří

Partner

APOS-AUTO, s.r.o. (CZ)
National ID: 47906260

 

 

 

Related Companies:

subsidiary
AMR AMARANTH a.s. , Czech Republic , National ID: 25923561

other relationship
APOS - Hotel Koupaliště, s.r.o. , Czech Republic , National ID: 63473224

subsidiary
APOS - MAXIMA, s.r.o. , Czech Republic , National ID: 25578758

other relationship
APOS-AUTO, s.r.o. , Czech Republic , National ID: 47906260

subsidiary
APOS-BINDING, s.r.o. , Czech Republic , National ID: 27746259

subsidiary
APOS-TRADE, s.r.o. , Czech Republic , National ID: 62509047

subsidiary
METRA UKRAJINA s.r.o. , Ukraine , National ID: CZ74706

 

 

 

KEY DATA ON OPERATIONS

 

 

Subject of Operation:

NACE
  main activity:
  2651 Manufacture of instruments and appliances for measuring, testing and navigation

  2562 Machining
  2220 Manufacture of plastics products
  2790 Manufacture of other electrical equipment
  4690 Non-specialised wholesale trade
  5224 Cargo handling
  2899 Manufacture of other special-purpose machinery n.e.c.
  7210 Research and experimental development on natural sciences and engineering
  7120 Technical testing and analysis

NACE codes given are based on the most recent NACE Revision 2.

 

 

 

Turnover:

2007

2006

2005

2004

CZK 576.548.000,00

CZK 584.919.000,00

CZK 434.570.000,00

CZK 540.968.000,00

 

 

 

Key Data:

Amounts shown in Czech Koruna (CZK)

 

2007

2006

2005

2004

Turnover

576.548.000

584.919.000

434.570.000

540.968.000

Fixed assets

283.385.000

303.277.000

279.574.000

246.084.000

Equity

281.468.000

277.753.000

222.042.000

199.995.000

Liabilities

222.020.000

267.076.000

253.048.000

207.802.000

Profit after taxation

3.995.000

21.366.000

21.579.000

0

Loss after taxation

0

0

0

53.206.000

Operating result - profit

13.768.000

31.104.000

26.983.000

18.171.000

 

 

2007

2006

2005

2004

Return on assets (ROA)
(Net result / TOTAL ASSETS) * 100

0,79

3,91

4,53

NEGATIVE

Return on equity (ROE)
(Net result / Equity capital) * 100

1,42

7,69

9,72

NEGATIVE

 

 

 

Workforce:

 

2008

2007

2006

2005

Total workforce

755

872

900

900 - 1.050

 

 

 

Imports:

Austria

Germany

France

Netherlands

Slovakia

 

 

 

Exports:

 

Austria

Germany

France

Ireland

Poland

Slovakia

United States of America

 

 

 

Real Estate:

built upon
Address:
Pražská 7, čp. 1602
678 49 Blansko
Czech Republic

Share: 100%

 

 

 

FINANCIAL INFORMATION

 

 

Financials:

Amounts shown in Czech Koruna (CZK)  

2007

2006

2005

2004

 



Assets

 

TOTAL ASSETS

505.865.000,00

546.063.000,00

476.552.000,00

409.039.000,00

 

Fixed assets

283.385.000,00

303.277.000,00

279.574.000,00

246.084.000,00

 

Intangible fixed assets

1.277.000,00

2.367.000,00

3.131.000,00

2.092.000,00

 

Tangible fixed assets

279.749.000,00

298.186.000,00

273.234.000,00

240.973.000,00

 

Non-current financial assets

2.359.000,00

2.724.000,00

3.209.000,00

3.019.000,00

 

Current assets

202.965.000,00

223.839.000,00

183.541.000,00

156.676.000,00

 

Inventories

75.866.000,00

77.848.000,00

67.351.000,00

58.458.000,00

 

Short-term receivables

117.720.000,00

138.808.000,00

103.184.000,00

93.496.000,00

 

from that : Trade receivables

112.555.000,00

134.912.000,00

97.450.000,00

91.533.000,00

 

Liquid assets

9.379.000,00

7.183.000,00

13.006.000,00

4.722.000,00

 

Other assets

19.515.000,00

18.947.000,00

13.437.000,00

6.279.000,00

 



Equity & Liabilities

 

TOTAL LIABILITIES

505.865.000,00

546.063.000,00

476.552.000,00

409.039.000,00

 

Equity

281.468.000,00

277.753.000,00

222.042.000,00

199.995.000,00

 

Share capital

220.213.000,00

220.212.000,00

185.442.000,00

238.590.000,00

 

Capital funds

-514.000,00

-149.000,00

335.000,00

45.000,00

 

Statutory funds

8.312.000,00

7.160.000,00

6.022.000,00

5.844.000,00

 

Retained earnings

49.462.000,00

29.164.000,00

8.664.000,00

8.722.000,00

 

Profit or loss for the current period

3.995.000,00

21.366.000,00

21.579.000,00

-53.206.000,00

 

Liabilities

222.020.000,00

267.076.000,00

253.048.000,00

207.802.000,00

 

Reserves

1.675.000,00

1.625.000,00

800.000,00

2.100.000,00

 

Long-term liabilities

36.208.000,00

43.208.000,00

84.954.000,00

84.954.000,00

 

Short-term liabilities

76.911.000,00

88.866.000,00

79.395.000,00

68.975.000,00

 

from that : Trade payables

63.129.000,00

 

 

 

 

Bank loans and borrowings

107.226.000,00

133.377.000,00

87.899.000,00

51.773.000,00

 

Short-term bank credits and loans

78.926.000,00

91.277.000,00

65.867.000,00

51.773.000,00

 

Other liabilities

2.377.000,00

1.234.000,00

1.462.000,00

1.243.000,00

 

BALANCE SHEET TOTAL

505.865.000,00

546.063.000,00

476.552.000,00

409.039.000,00

 



Profit & Loss Account

 

Turnover

576.548.000,00

584.919.000,00

434.570.000,00

540.968.000,00

 

Change in internally produced inventory

-815.000,00

8.195.000,00

8.302.000,00

-5.273.000,00

 

Own work capitalized

920.000,00

1.336.000,00

1.761.000,00

1.467.000,00

 

Other operating revenues

44.708.000,00

30.409.000,00

52.529.000,00

276.608.000,00

 

Total operating income

621.361.000,00

624.859.000,00

497.162.000,00

813.770.000,00

 

Costs of sold goods

1.907.000,00

1.900.000,00

823.000,00

611.000,00

 

Purchased consumables and services

336.802.000,00

312.193.000,00

220.079.000,00

286.730.000,00

 

Staff costs

203.059.000,00

231.323.000,00

183.040.000,00

218.152.000,00

 

Taxes and charges

458.000,00

808.000,00

397.000,00

1.615.000,00

 

Depreciations of intangible and tangible assets

31.459.000,00

31.283.000,00

20.085.000,00

16.797.000,00

 

Other operating expenses

33.908.000,00

16.248.000,00

45.755.000,00

271.694.000,00

 

Total operating expenses

607.593.000,00

593.755.000,00

470.179.000,00

795.599.000,00

 

OPERATING PROFIT / LOSS

13.768.000,00

31.104.000,00

26.983.000,00

18.171.000,00

 

Financial income

2.950.000,00

1.369.000,00

2.374.000,00

2.317.000,00

 

Financial expenses

12.723.000,00

11.107.000,00

7.778.000,00

10.110.000,00

 

there of : Interest expenses

6.691.000,00

6.975.000,00

4.987.000,00

4.278.000,00

 

Extraordinary income

 

 

 

30.000.000,00

 

Extraordinary expenses

 

 

 

93.588.000,00

 

PROFIT/LOSS BEFORE TAX

3.995.000,00

21.366.000,00

21.579.000,00

-53.210.000,00

 

Corporation income tax

 

 

 

-4.000,00

 

PROFIT OR LOSS FOR THE CURRENT PERIOD

3.995.000,00

21.366.000,00

21.579.000,00

-53.206.000,00


Partial Financials:

Amounts shown in Czech Koruna (CZK)  

2008

 



Equity & Liabilities

 

Share capital

220.212.755,00



2004-2007 The balance sheet data are from official sources.
The company is obliged by law to publish its financial statements.

 

 

Approximate Exchange Rates:

2007: 27,762 CZK = 1 EUR
2006: 28,343 CZK = 1 EUR
2005: 29,784 CZK = 1 EUR
2004: 31,904 CZK = 1 EUR
2003: 31,844 CZK = 1 EUR
2007: 20,308 CZK = 1 USD
2006: 22,609 CZK = 1 USD
2005: 23,947 CZK = 1 USD
2004: 25,701 CZK = 1 USD
2003: 28,227 CZK = 1 USD

 

 

Financial data source:


Auditor: Ing. Jiří Jelínek, č. osv. 519
Date: 01.05.2008
Financials have been audited
Company: EKI AUDIT, s.r.o., č. osv. 203

Clean opinion

 

 

Bankers:

Československá obchodní banka, a. s.
Svitavy

Komerční banka, a.s. - Account no. 6800-631/0100
Blansko

UniCredit Bank Czech Republic, a.s.
Brno

 

 

 

 

Ratios

 

 

2007

2006

2005

2004

Liquidity Ratio - 3.stage
current assets / (Short-term liabilities + Short-term bank credits and loans)

1,30

1,24

1,26

1,30

Liquidity Ratio - 2.stage
(Short-term receivables + Liquid assets) / (Short-term liabilities + Short-term bank credits and loans)

0,82

0,81

0,80

0,81

Liquidity Ratio - 1.stage
Liquid assets / (Short-term liabilities + Short-term bank credits and loans)

0,06

0,04

0,09

0,04

Return on assets (ROA)
(Net result / TOTAL ASSETS) * 100

0,79

3,91

4,53

NEGATIVE

Return on equity (ROE)
(Net result / Equity capital) * 100

1,42

7,69

9,72

NEGATIVE

Return on sales ( ROS )
Net profit / Turnover

0,69

3,65

4,97

NEGATIVE

Receivables Maturity Date (day)
(Short-term receivables / Turnover) * 365

74,53

86,62

86,67

63,08

Liabilities Maturity Date (day)
(Short-term liabilities / Turnover) * 365

48,69

55,45

66,68

46,54

Debt Ratio
(Liabilities / Total Liabilities) * 100

43,89

48,91

53,10

50,80

Stock rotation in days
stock / (production consumption + expenses on sold goods) * 360

81,75

90,47

111,29

74,26

Net working capital
Current assets - Short term liabilities

CZK 126.054.000,00

CZK 134.973.000,00

CZK 104.146.000,00

CZK 87.701.000,00


Average values of ratios of enterprises with 100 or more employees in the sector of wholesale and retail trade, repair of motor vehicles, personal and household goods are following:

Liquidity Ratio - 3.stage: 1,52
Liquidity Ratio - 2.stage: 1,14
Liquidity Ratio - 1.stage: 0,32
ROA: 4,24 %
ROE: 11,94 %
ROS: 1,78 %
Receivables Maturity Date: 48,09 days
Liabilities Maturity Date: 58,77 days
Debt Ratio: 63,45 %
Stock rotation date: 33,92 days
Net working capital: 89 142 377 CZK

 

 

ADDITIONAL INFORMATION

 

 

Contact With Company:

Name and surname: Mrs. Zdenka Nečasová
Function: accountant
Disclosure of detailed information about company’s internal situation was refused.
Information given in report comes from external sources.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.03

UK Pound

1

Rs.74.42

Euro

1

Rs.62.71

 

 

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