MIRA
INFORM REPORT
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Report Date : |
26.11.2008 |
IDENTIFICATION DETAILS
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Name : |
ITRADE J. SOBCZAK & P. CIESIELSKI SPOLKA JAWNA |
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Registered Office : |
Żeromskiego 2 95-054
Ksawerów |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
November1997 |
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Legal Form : |
Ordinary Partnership Company |
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Line of Business : |
Wholesale of Textiles
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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 : |
EUR 25.000
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & ADDRESS DATA
ITRADE J. SOBCZAK & P. CIESIELSKI SPÓŁKA JAWNA
ŻEROMSKIEGO 2
95-054 KSAWERÓW
Tel. 042/2128043
Fax. 042/2128045
http:// www.itrade.pl
BASIC DATA
REGONCODE 471639272
VAT: 725-16-37-098
Nationwide Court Register KRS 0000007442
Legal form: ORDINARY PARTNERSHIP COMPANY
Status: ACTIVE
Start of activity: 1997/11/
Registering agency COURT OF COMMERCE, ŁÓDŹ
Type :
Date of registration: 2001/04/19
NACE code 51.41
Wholesale of textiles
NACE code 17.21
Cotton-type weaving
HS/CN code 6302----
OTHER MADE UP TEXTILE ARTICLES; SETS; WORN CLOTHING AND WORN TEXTILE
ARTICLE
RAGS
Bed-linen, table linen, toilet linen and kitchen linen of all types of
texti
materials (excl. floor-cloths, polishing-cloths, dish-cloths and
dusters)
ORGANIZATIONAL-LEGAL DATA
PARTNER
Surname : SOBCZAK
Names :
JAROSŁAW MICHAŁ
PESEL : 62100102796
Citizenship :
Addr.:
Country code :
PARTNER
Surname :
CIESIELSKI
Names : PAWEŁ
KAZIMIERZ
PESEL :
59082601496
Citizenship :
Addr.:
Country code :
MANAG.:
PARTNER
Representation : SOLE
SIGNATURE
Surname : SOBCZAK
Names :
JAROSŁAW MICHAŁ
PESEL :
62100102796
Citizenship :
Addr.:
Country code :
SHARES IN OTHER COMPANIES
Note reported
EMPLOYMENT:
Total (MIN MAX) Productive(MIN
MAX) Unprod.(MIN MAX) DATE FROM DATE
TO
10-10 - - 2006/01/01- 2006/12/31
20-20 - - 2005/01/01- 2005/12/31
REAL ESTATE
Officially not available
SALES: (PLN)
2006/01/01 - 2006/12/31 10422215.53
2005/01/01 - 2005/12/31
13715624.66
FINANCIAL DATA: (PLN)
REMARKS: Company did not file its F/S 2007.
Balance
sheet as on
2005/12/31 2006/12/31
ASSETS
A. Total non-current assets:
40251.28 45812.75
I.Intangible assets:
1981.05 0.00
1.Costs of development activities: 0.00 0.00
2.Goodwill:
0.00 0.00
3.Other intangible fixed assets: 1981.05 0.00
4.Prepayments for intangible assets: 0.00 0.00
II.Fixed assets: 38270.23 45812.75
1.tangible fixed assets:
38270.23 45812.75
a)land:
0.00 0.00
b)buildings:
18402.18 15477.90
c)machinery and equipment:
15521.18 9242.76
d)vehicles: 3964.48 21092.09
e)other tangible fixed assets: 382.39 0.00
2.Investments in progress:
0.00 0.00
3.Investments in progress paid on
accounts:
0.00 0.00
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: 0.00 0.00
1.Assets from deffered income tax: 0.00 0.00
2.Others:
0.00 0.00
B. Current assets:
5233075.59 4695261.93
I.Inventory 1701402.16 1237452.96
1.Materials:
0.00 0.00
2.Semi-products and work in
progress:
0.00 0.00
3.Finished goods:
0.00 0.00
4.Products:
1701402.16 1237452.96
5.Advance payment for delivery: 0.00 0.00
II.Accounts receivable:
0.00 0.00
1.From related companies:
3215226.72 3143471.07
a)trade receivables:
0.00 0.00
- within 12 months:
0.00 0.00
- more than 12 months: 0.00 0.00
b)others:
0.00 0.00
2.From other companies:
3215226.72 3143471.07
a)trade receivables:
2671822.26 3143471.07
- within 12 months:
2671822.26 3143471.07
- more than 12 months:
0.00 0.00
b)tax and social receivables:
113477.80 0.00
c)other receivables: 429926.66 0.00
d)accounts receiv. result. from
disputable claims:
0.00 0.00
III.Short-term investments:
303368.97 307324.32
1.Short-term financial assets:
303368.97 307324.32
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: 303368.97 307324.32
- cash in hand and at bank: 303368.97 307324.32
- 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: 13077.74 7013.58
Total assets
(A+B):
5273326.87 4741074.68
LIABILITIES
A. Net worth:
672911.64 1009700.60
I.Issued capital:
500000.00 500000.00
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:
300000.00 300000.00
VII.Profit/loss brutto forward:
0.00 0.00
VIII.Net financial result for the year: -127088.36 209700.60
IX.Write-offs from net profit:
0.00 0.00
B.Liabilities & reserves:
4600415.23 3731374.08
I.Reserve for liabilities:
0.00 0.00
1.Reserves for deffered income tax: 0.00 0.00
2.Reserves for retirement and
similar: 0.00 0.00
- long-term:
0.00 0.00
- short-term:
0.00 0.00
3.Other reserves:
0.00 0.00
- long-term:
0.00 0.00
- short-term:
0.00 0.00
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: 4600415.23 3702394.87
1.To related companies:
0.00 0.00
a)trade payable:
0.00 0.00
- within 12 months:
0.00 0.00
- more than 12 months:
0.00 0.00
b)other:
0.00 0.00
2.To other companies:
4600415.23 3702394.87
a)bank loans:
2339646.85 2519764.06
b)commercial papers: 0.00 0.00
c)other financial liabilities: 0.00 0.00
d)trade payables:
2172855.41 1058784.67
- within 12 months:
2172855.41 1058784.67
- 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:
83868.35 60317.71
h)payroll payable:
0.00 0.00
i)other short-term liabilities: 4041.62 63528.43
3.Special funds: 0.00 0.00
IV.Accrued liabilities:
0.00 28979.21
1.Negative goodwill:
0.00 0.00
2.Other: 0.00 28979.21
- long-term:
0.00 0.00
- short-term:
0.00 28979.21
Total liabilties (A+B):
5273326.87 4741074.68
Profit and loss account
(comp)
2005/12/31 2006/12/31
2005/01/01 2006/01/01
A. Net sales of goods and products: 13359197.24 10101727.14
- including to related companies 0.00 0.00
I.Net sales of products: 0.00 0.00
II.Change of products :
0.00 0.00
III.Costs of production:
0.00 0.00
IV.Net sale of goods and materials: 13359197.24 10101727.14
B. Operation expenses:
13510591.68 9877911.69
I. Depreciation:
20560.59 15986.40
II. Costs of materials and energy: 162578.96 129284.90
III. Outside services:
2024134.68 1090892.78
IV.Taxes : 53361.08 67721.52
- including excise taxes:
0.00 0.00
V. Salaries:
472640.58 345430.08
VI. Social taxes & related:
90963.10 69116.04
VII. Other:
171635.39 46497.26
VIII. Goods and materials sold: 10514717.30 8112982.71
C. Profit (loss) on sale (A-B):
-151394.44 223815.45
D. Other operation incomes:
202423.11 202192.13
I.Profit from sale of tangible assets: 122100.66 57377.05
II.Grants & subsidies:
0.00 0.00
III.Other:
80322.45 144815.08
E. Other operating costs:
45898.90 82495.14
I.Loss from sale of tangible assets: 33439.58 40681.51
II.Revaluation of non-financial assets: 0.00 0.00
III.Other:
12459.32 41813.63
F. Profit from operating activity
(C+D-E):
5129.77 343512.44
G. Financial income: 154004.31 118296.26
I. Dividends:
0.00 0.00
- from subisdiaries and affiliates: 0.00 0.00
II.Interest receivable:
63274.82 72542.64
- 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:
90729.49 45753.62
H. Financial costs: 286222.44 252108.10
I.Interest payable including:
166618.81 214880.57
- 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:
119603.63 37227.53
I. Profit (loss) from economic activity
(F+G-H): -127088.36 209700.60
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): -127088.36 209700.60
L. Corporate income tax:
0.00 0.00
M. Other obligatory charges:
0.00 0.00
N. Net profit for the year (K-L-M): -127088.36 209700.60
INDEX ANALYSE:
year
2005 2006
CURRENT RATIO (CR)
Current Assets/Current liabilities 1.1375224 1.2681689
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities
0.7676858 0.9339385
CASH RATIO (SQR)
Cash/Current liabilities
0.0659438 0.0830069
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days
46.4857 44.7122
CREDITORS DAYS/DAY'S SALES IN RECEIVABLES
Current receivables/Turnover x 365 days 0.0000 0.0000
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days 125.693 133.777
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 87.2% 78.7%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO
I
Longterm liabilities/Equity capital 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%
RETURN ON SALES (ROS)
Net profit/Turnover x 100% - 1.0%
2.1%
RETURN ON ASSETS (ROA)
Net profit/Total assets x 100% - 2.4%
4.4%
RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100% - 18.9% 20.8%
LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x
100% 0.0000000 0.0000000
WORKING CAPITAL
Current assets-Current liabilities 632660.36 992867.06
WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x
100% 4.7% 9.8%
HISTORICAL DATA
Basic data validity period: 1997/11/
- 2001/04/19
Legal form: ORDINARY PARTNERSHIP COMPANY
Registering agency COURT OF COMMERCE
Type : COMMERCIAL REGISTER
Number RHB 1754
Date of registration:
PAYMENTS
No significant trade experience has been reported thus far
TRADE PARTNERS
Details not available
RELATED FIRMS
Note reported
PROCEDURES
Officially not available
ADDITIONAL INFORMATION
BRANCHE:
31-231 Kraków
ul. Siewna 19a
Tel.: (12) 412 17 00
BANK
Officially not available
CUSTOMERS/SUPPLIERS
Officially not available
CONTACT WITH THE COMPANY
When directly contacted representative of the company
declined to present any additional data
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
CREDIT RATING
Maximum Credit: 25.000 EUR
Average respite of credit: 30-60 days
All figure quoted in PLN
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.84 |
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|
1 |
Rs.76.81 |
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Euro |
1 |
Rs.64.38 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)