MIRA INFORM REPORT

 

 

 

Report Date :

02.10.2008

 

IDENTIFICATION DETAILS

 

Name :

BOVI TRADE, D.O.O

 

 

Registered Office :

Vevska Cesta 24 1260 Ljubljana-Polje

 

 

Country :

Slovenia

 

 

Financials (as on) :

2006

 

 

Date of Incorporation :

30.05.2001

 

 

Com. Reg. No.:

13470300

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Agents involved in the Sale of a Variety of 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 20.000,00

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name of the company

 

 

 

 

 

 

 

 

BOVI TRADE, D.O.O., SVETOVANJE, TRGOVINA IN STORITVE


Principal Address


VEVŠKA CESTA 24
1260 LJUBLJANA-POLJE
Slovenia
Tel: +386-1-549 71 95
Fax: +386-1-549 71 96
Email: bojkob@siol.net

 

 

ICON number

 

10141160

 

National ID

 

1622463

 

Tax number:

 

88641791

 

VAT number

 

SI88641791

 

 

 

 

CREDIT INFORMATION SUMMARY

 

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

 

 

 

Maximum Credit:                                 EUR 20.000,00

 

 

 

 

Payment Practices:                             Payments are made according to terms

 

 

Further Rating Information:               The company generated a turnover of EUR 1.337.340 in the year 2006.

 

 

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:                     30.05.2001

 

 

Registration:                    No. 13470300
30.05.2001
LJUBLJANA, Slovenia

 

 

Legal Form:                      Limited Liability Company

 

 

Capital:                              EUR 9.180,00

Share capital (registered in Court register): 100.000,00 EUR

 

 

Shareholders

 

 

 

Full Name

Function

Address

Equity capital

BOJKO BORIS
Nationality: SI

Proprietor

Slovenia

100,00%

 

 

 

Management

 

 

Full Name

Function

Address

BOJKO BORIS
Nationality: SI

Manager

Slovenia



Representative companies: none

 

 

Related Companies  

 

None

 

 

 

KEY DATA ON OPERATIONS

 

 

 

Subject of Operation:   

NACE
4619 Agents involved in the sale of a variety of goods


- wholesale trade in paper
- import and export
NACE codes given are based on the most recent NACE Revision 2.

 

 

 

 

Company Development:   

300: Satisfactory business development

 

 

 

Key Data:

Amounts shown in Euro (EUR)

 

2006

2005

2004

2003

TURNOVER

1.337.340

1.592.454

729.427

232.422

FIXED ASSETS

1.970

2.271

204

465

EQUITY CAPITAL

34.109

17.736

13.677

4.297

FINANCIAL AND OPERATING LIABILITIES

697.659

649.047

311.375

166.577

NET PROFIT FOR THE PERIOD

16.375

4.052

1.909

2.661

Operating result - profit

56.510

41.079

10.127

14.844

 

 

2006

2005

2004

2003

Return on Assets (ROA), %
Net result *100 / Total Assets

2,24

0,61

0,59

1,56

Return on Equity (ROE), %
Net result *100 / Total Equity

48,01

22,85

13,96

61,93

 

Workforce

 

 

 

2008

2007

2006

2005

Total workforce

1

1

1

1

 

 

Motor Vehicles

 

 

None

 

 

Imports

 

 

 

Austria

Singapore

 

 

Exports

 

 

 

Cyprus

Czech Republic

Hungary

Indonesia

India

Macedonia

Mali

Serbia

Slovakia

 

 

 

Major Customers

 

 

No data available.

 

 

Major Suppliers

 

 

 

No data available.

 

 

Real Estate

 

 

 

Leased property
Address:
VEVŠKA CESTA 24
1260 LJUBLJANA-POLJE
Slovenia

Size: 15,05 m2

Premises are the private property of Mr Boris Bojko

 

.

Premises

 

 

 

Premises are the private property of Mr Boris Bojko.


 

 

 

FINANCIAL INFORMATION

 

 

 

Financials:

Amounts shown in Euro (EUR) 

2006

2005

2004

2003

 

TOTAL ASSETS

731.768,00

666.783,00

325.052,00

170.873,00

 

FIXED ASSETS

1.970,00

2.271,00

204,00

465,00

 

Intangible fixed assets

0,00

0,00

0,00

0,00

 

Tangible fixed assets

1.970,00

2.271,00

204,00

465,00

 

Investment property measured at the cost model

0,00

 

 

 

 

Long-term investments

0,00

0,00

0,00

0,00

 

Long-term investments, excluding Loans

0,00

 

 

 

 

Long term loans

0,00

 

 

 

 

Operating Receivables

485.011,00

220.331,00

103.528,00

46.745,00

 

Long-term operating receivables

0,00

0,00

0,00

0,00

 

Deferred tax assets

0,00

 

 

 

 

CURRENT ASSETS

729.774,00

664.488,00

308.877,00

168.178,00

 

Non-current assets (disposal groups) for sale

0,00

 

 

 

 

Inventories

108.029,00

212.426,00

108.045,00

48.709,00

 

Short-term investments

0,00

0,00

0,00

0,00

 

Short term investments, excluding loans

0,00

 

 

 

 

Short term loans

0,00

 

 

 

 

Short-term operating receivables

485.011,00

220.331,00

103.528,00

46.745,00

 

Bank balance, cheques and cash on hand

136.734,00

231.731,00

97.304,00

72.724,00

 

DEFERRED COSTS AND ACCRUED REVENUES

25,00

25,00

15.971,00

2.231,00

 

Off-balance sheet assets

0,00

0,00

0,00

0,00

 




 

 

 

 

 

 

 

 

LIABILITIES

 

TOTAL LIABILITIES

731.768,00

666.783,00

325.052,00

170.873,00

 

EQUITY CAPITAL

34.109,00

17.736,00

13.677,00

4.297,00

 

Called capital

9.180,00

9.183,00

9.176,00

9.295,00

 

Share capital

9.180,00

9.183,00

9.176,00

9.295,00

 

Uncalled capital (as deduction item)

0,00

0,00

0,00

0,00

 

Capital Surplus

0,00

0,00

0,00

0,00

 

Reserves

918,00

806,00

225,00

131,00

 

Revaluation surplus

0,00

 

 

 

 

Net profit or loss from previous periods

7.749,00

4.274,00

2.469,00

-5.129,00

 

Net profit for the period

16.262,00

3.473,00

1.806,00

0,00

 

Net loss for the period

0,00

0,00

0,00

0,00

 

Capital revaluation adjustments

 

0,00

0,00

0,00

 

PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFFERED REVENUE

0,00

 

 

 

 

PROVISIONS

0,00

0,00

0,00

0,00

 

Long-term accrued costs and deffered revenue

0,00

 

 

 

 

FINANCIAL AND OPERATING LIABILITIES

697.659,00

649.047,00

311.375,00

166.577,00

 

LONG-TERM FINANCIAL AND OPERATING LIABILITIES

139.806,00

144.163,00

107.198,00

108.581,00

 

Long-term financial liabilities

139.806,00

 

 

 

 

Long-term operating liabilities

0,00

 

 

 

 

Deferred tax receivables

0,00

 

 

 

 

SHORT-TERM FINANCIAL AND OPERATING LIABILITIES

557.853,00

504.884,00

204.177,00

57.996,00

 

Liabilities of disposal groups

0,00

 

 

 

 

Short-term financial liabilities

415.623,00

 

 

 

 

Short-term operating liabilities

142.230,00

 

 

 

 

ACCRUED COSTS AND DEFERRED REVENUES

0,00

0,00

0,00

0,00

 

Off-balance sheet liabilities

0,00

0,00

0,00

0,00

 



PROFIT AND LOSS

 

TURNOVER

1.337.340,00

1.592.454,00

729.427,00

232.422,00

 

OPERATING INCOME

1.336.355,00

1.568.726,00

723.562,00

228.699,00

 

NET SALES

1.336.083,00

1.568.726,00

723.562,00

228.699,00

 

Net sales revenus from domestic market

N/A

749.921,00

448.038,00

87.829,00

 

Net sales revenues from foreign market

N/A

818.805,00

275.524,00

140.870,00

 

CHANGES IN INVENTORIES OF FINISHED GOODS AND WORK-IN-PROGRESS

0,00

0,00

0,00

0,00

 

CAPITALIZED OWN PRODUCTS

0,00

0,00

0,00

0,00

 

OTHER OPERATING REVENUE

271,00

0,00

0,00

0,00

 

TOTAL EXPENSES

1.315.144,00

1.587.087,00

726.882,00

229.379,00

 

OPERATING EXPENSES

1.279.845,00

1.527.647,00

713.435,00

213.856,00

 

Costs of goods, material and services

1.265.064,00

1.515.149,00

701.302,00

202.546,00

 

Cost of goods, materials sold and costs of materials used

1.214.685,00

1.425.960,00

644.834,00

178.974,00

 

Costs of services

50.380,00

89.189,00

56.468,00

23.573,00

 

Labour costs

13.504,00

11.906,00

10.981,00

9.901,00

 

Costs of wages and salaries

9.765,00

8.404,00

7.628,00

7.621,00

 

Costs of pension insurance

138,00

 

 

 

 

Social insurance costs

 

1.352,00

1.227,00

1.228,00

 

Other labour costs

2.170,00

2.149,00

2.127,00

1.053,00

 

Depreciation and amortization costs

1.210,00

484,00

260,00

620,00

 

Depreciation

1.210,00

484,00

260,00

620,00

 

Revaluatory operating expenses from intangible and tangible fixed assets

0,00

0,00

0,00

0,00

 

Revaluatory operating expenses from current operating assets

0,00

0,00

0,00

0,00

 

Other operating expenses

67,00

108,00

892,00

787,00

 

OPERATING RESULT - PROFIT

56.510,00

41.079,00

10.127,00

14.844,00

 

OPERATING RESULT - LOSS

0,00

0,00

0,00

0,00

 

Financial revenues

985,00

23.728,00

5.861,00

3.723,00

 

Financial revenues from equity capital interests

0,00

0,00

0,00

0,00

 

Financial revenues from long-term receivables

 

0,00

0,00

0,00

 

Financial revenues from short-term receivables

 

23.734,00

5.840,00

3.676,00

 

Financial revenue from loans

221,00

 

 

 

 

Financial revenues from operating receivables

764,00

 

 

 

 

Financial expenses

35.299,00

43.374,00

5.890,00

3.295,00

 

FINANCIAL EXPENSES FOR LONG-TERM AND SHORT-TERM INVESTMENT WRITE-OFFS

 

0,00

0,00

3.295,00

 

Financial expenses for impairment and write-off's

0,00

 

 

 

 

Financial expenses from financial liabilities

30.725,00

 

 

 

 

Financial expenses from operating liabilities

4.574,00

 

 

 

 

Interest expenses and financial expenses for other liabilities

 

43.374,00

5.890,00

0,00

 

NET PROFIT FROM ORDINARY ACTIVITIES

 

21.432,00

10.098,00

15.271,00

 

NET LOSS FROM ORDINARY ACTIVITIES

 

0,00

0,00

0,00

 

EXTRAORDINARY REVENUES

0,00

0,00

4,00

0,00

 

EXTRAORDINARY EXPENSES

0,00

16.066,00

7.557,00

12.229,00

 

INCOME TAX

5.821,00

1.314,00

0,00

381,00

 

OTHER TAXES

 

0,00

636,00

0,00

 

DEFFERED TAXES

0,00

 

 

 

 

NET PROFIT FOR THE PERIOD

16.375,00

4.052,00

1.909,00

2.661,00

 

NET LOSS FOR THE PERIOD

0,00

0,00

0,00

0,00

 

RETAINED NET PROFIT FROM PREVIOUS PERIODS

7.749,00

4.273,00

2.478,00

0,00

 

RETAINED NET LOSS FROM PREVIOUS PERIODS

0,00

0,00

0,00

7.723,00

 

DECREASE OF CAPITAL RESERVES

0,00

0,00

0,00

0,00

 

DECREASE OF PROFIT RESERVES

0,00

0,00

226,00

0,00

 

INCREASE OF PROFIT RESERVES

113,00

580,00

0,00

133,00

 

BALANCE SHEET AVAILABLE PROFIT

24.011,00

7.745,00

4.614,00

0,00

 

BALANCE SHEET UNCOVERED LOSS

0,00

0,00

0,00

5.195,00

 

 

Investments

 

 

2007: no larger investments
2006: no larger investments
2005: equipment

 

 

Bankers

 

 

 

ABANKA VIPA d.d. - Account no. 05100-8000111154 (Account closed on 27.01.2005)

NOVA LJUBLJANSKA BANKA D.D., LJUBLJANA - Account no. 02034-0090317042

 

Ratios

 

 

 

 

2006

2005

2004

2003

Quick ratio
(Current assets-Inventory)/Current liabilities

1,11

0,90

0,98

2,06

Current ratio ( CR )
Current assets / Current liabilities

1,31

1,32

1,51

2,90

Return on Sales (ROS), %
Net result *100 / Sales

1,23

0,26

0,26

1,16

Return on Assets (ROA), %
Net result *100 / Total Assets

2,24

0,61

0,59

1,56

Return on Equity (ROE), %
Net result *100 / Total Equity

48,01

22,85

13,96

61,93

Cash ratio
Cash / Current liabilities

1,31

1,32

1,51

2,90

Inventory rotation (in days)
(Inventory / Sales) * 365

29,51

49,43

54,50

77,74

Collection Period (in days)
Accounts Receivable *365 / Sales

132,50

51,27

52,22

74,60

Days purchase in payables
Current Liabilities / Turnover * 360 days

152,25

115,72

102,17

91,08

Sales to Total Assets
Sales / Total assets

1,83

2,35

2,23

1,34

Debt Ratio
Liabilities / Total Assets

0,95

0,97

0,96

0,97

Leverage
Long Term Liabilities / Total Equity

4,10

8,13

7,84

25,27

 

 

ADDITIONAL INFORMATION

 

 

 

Contact With Company:

30.04.2008: Mr Boris Bojko

 

 

 

Additional information:

Number of founders: 1

 

 

 

Certificates:

none

 

 

 

Short Company name:

BOVI TRADE D.O.O.

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.46.96

UK Pound

1

Rs.83.91

Euro

1

Rs.66.36

 

 

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