MIRA INFORM REPORT

 

 

 

Report Date :

26.11.2008

 

IDENTIFICATION DETAILS

 

Name :

CUBRILO KOMERC D.O.O.

 

 

Registered Office :

Suboticka bb BA 78102 Banja Luka

 

 

Country :

Bosnia and Herzegovina

 

 

Financials (as on) :

31.12.2007

 

 

Year of Establishment :

1999

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesaler of Other Household Goods.

 

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 10.000,00

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

name & address

 

ČUBRILO KOMERC d.o.o.

Subotička bb

BA 78102 Banja Luka

Tel: +387 51 304449, +387 51 381412

Fax: +387 51 304449, +387 51 371385

E-mail: cubrilo-komerc@blic.net

 

 

summary

 

 

Registered company name is mentioned above.

 

 

Legal form

limited liability company

 

 

Established

1999

 

 

Registered

1999.04.03, Commercial Court Banja Luka, Nr.

VAT Number: 400877960008

Statistic number: 4400877960008

 

 

Establisher

private persons

 

 

 

 

Basic capital

KM 5.000,00

 

 

 

Management   

 

Berislav Čubrilović, manager,

Bosnia & Hercegovina

 

 

Activity

 

Wholesale of other household goods.

                                    

legal site and business premises are located at the above address

other business premises:
- K. Brigada 225, Banja Luka

Basic activity (according to National activity classification):

Wholesale of furniture, carpets and lighting equipment

(NACE Rev.2)                                              

                                    


 

Staff

 

2005                              6                    employees

2006                              14                  employees

2007                              18                  employees

 

 

Total revenue

 

2005

KM

3.441.000

2006

KM

3.303.000

2007

KM

2.753.000

 

 

Real estate

 

data on real estate not available
insight into real estate register not possible

 

 

Balance sheet

 

 

The following figures from the balance sheet are available:

 

 

Assets

Currency: KM ( x 1.000 )

2007.12.31

2006.12.31

2005.12.31

 

 

 

 

 

 

FIXED ASSETS

106

137

131

 

  Intangible assets

0

0

0

 

  Tangible assets

99

137

131

 

  Long term financ. assets

0

0

0

 

  Long term receivables

7

0

0

 

CURRENT ASSETS

952

958

1.574

 

  Inventories

511

515

1.048

 

  Short term receivables

421

429

513

 

 Cash at bank and in hand

20

14

13

 

TOTAL ASSETS

1.058

1.095

1.705

 

 

 

 

 

Liabilities

Currency: KM ( x 1.000 )

2007.12.31

2006.12.31

2005.12.31

 

 

 

 

 

 

EQUITY

95

142

203

 

PROVISIONS

0

0

0

 

LONG TERM LIABILITIES

7

0

0

 

SHORT TERM LIABILITIES

956

953

1.502

 

  Credits

200

200

160

 

  To suppliers

733

753

1.342

 

  Other short term

  liabilities

23

0

0

 

TOTAL LIABILITIES

1.058

1.095

1.705

 

 

 

 

 

 

Profit / loss account        

                       

Currency: KM ( x 1.000 )

2007.12.31

2006.12.31

2005.12.31

OPERATING REVENUES

2.723

3.303

3.441

  Sales

2.573

3.260

3.206

  Other revenues

150

43

235

OPERATING EXPENSES

2.662

3.216

3.254

    Material costs

2.304

2.985

2.879

    - raw material costs

103

111

63

    - sold goods costs

2.201

2.874

2.816

    Staff costs

98

71

31

    Depreciation of fixed

    assets

35

33

38

    Other operating

    expenses

225

127

306

FINANCIAL REVENUES

30

0

0

FINANCIAL EXPENSES

20

13

7

TOTAL REVENUES

2.753

3.303

3.441

TOTAL EXPENSES

2.682

3.229

3.261

    Profit before taxation

71

74

180

    Loss before taxation

0

0

0

    Taxation on profit

6

5

13

PROFIT OF THE PERIOD

65

69

167

LOSS OF THE PERIOD

0

0

0

 

 

Financial ratios 

 

 

2007.

2006.

2005.

Financial stability ratio

0,1653

0,2178

0,1722

Solvency ratio (%)

8,98

12,97

11,91

Debt ratio (in years)

9,63

9,3431

7,3268

Liquidity ratio

0,4613

0,4648

0,3502

Current ratio

0,9958

1,0052

1,0479

Total assets turnover

2,6021

3,0164

2,0182

Inventories turnover

5,3875

6,4136

3,2834

Collection period (in days)

55,044

46,764

53,676

Inventories bonding

(in days)

66,816

56,124

109,656

Profit margin (%)

2,36

2,09

4,85

Return on total assets (%)

6,14

6,3

9,79

Return on equity (%)

68,42

48,59

82,27

Total revenue per employee (x 1.000)

152,9444

235,9286

573,5

Profit per employee

(x 1.000)

3,6111

4,9286

27,8333

Equity per employee

(x 1.000)

5,2778

10,1429

33,8333

Total assets per employee (x 1.000)

58,7778

78,2143

284,1667

Staff costs/Turnover (%)

3,56

2,15

0,9

Average annual cost per employee (x 1.000)

5,4444

5,0714

5,1667

EBIT (x 1.000)

61

87

187

EBITDA (x 1.000)

96

120

225

EBIT Margin (%)

2,24

2,63

5,43

EBITDA Margin (%)

3,53

3,63

6,54

 

 

Remarks

 

2005  profit KM

180.000

 

2006  profit KM

74.000

 

2007  profit KM

71.000

 

 

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

2007.12.31:  EUR 1 = KM 1,9558

 

Inflations rate:

2004:   0,4%

2005:   3,8%

2006:   7,4%

2007:   2,2%

 

 

Banks    

 

Data not available

 

                                    

Mode of payment  no complaints

                                    

 

Credit opinion

business conections appear permissible

max. credit EUR 10.000,00

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.85

UK Pound

1

Rs.76.60

Euro

1

Rs.64.68

 

 

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