MIRA
INFORM REPORT
|
Report Date : |
04.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
FLEXPOL SPÓLKA ZP. Z O.O. |
|
|
|
|
Registered Office : |
Chemików 7 09-411 Płock |
|
|
|
|
Country : |
Poland |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Plastic Plates, Sheets, Tubes and
Profiles |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
ADDRESS DATA
FLEXPOL SPÓŁKA ZP. Z O.O.
CHEMIKÓW 7
09-411 PŁOCK
Tel. 024/3658437,3658444
Fax. 024/3652376
http:// www.flexpol.pl
E-mail: flexpol@flexpol.pl
BASIC DATA
REGONCODE 611052432
VAT: 774-25-14-034
Nationwide Court Register KRS 0000048195
Legal form: LIMITED LIABILITY COMPANY
Status: ACTIVE
Start of activity: 2000
Registering agency COURT OF COMMERCE, WARSAW
Type : NATIONAL COURT REGISTER
Date of registration: 2001/10/01
Date of the statute 1999/12/15
NACE code 25.21
Manufacture of plastic plates, sheets, tubes and profiles
NACE code 25.23
Manufacture of builders' ware of plastic
HS/CN code 3917----
PLASTICS AND PLASTIC PRODUCTS
Tubes, pipes and hoses, together with fittings, seals and connectors, e.g.
elbow joints, flanges and the like, of plastics
HS/CN code 392020--
PLASTICS AND PLASTIC PRODUCTS
Plates, sheets, film, foil and strip, of non-cellular plastics, not
reinforced, laminated, supported or similarly combined with other materials,
without backing, unworked or merely surface-worked or merely cut into square
or rectangles (excl. self-adhesive products, and floor, wall and ceiling
coverings of heading 3918)
Plates, sheets, film, foil and strip, of non-cellular polymers of ethylene,
not reinforced, laminated, supported or similarly combined with other
materials, without backing, unworked or merely surface-worked or merely cut
into squares or rectangles (excl. self-adhesive products, and floor, wall an
ceiling coverings of heading 3918)
ORGANIZATIONAL-LEGAL DATA
Register capital:
Value : 12000000.00 PLN
Number of shares: 24000
SHAREHOLDER:
SUPRAVIS GROUP SPÓŁKA AKCYJNA
Identifier BYD0032799RK
NOWOTORUŃSKA 56
85-840 BYDGOSZCZ
Tel. 052/3268800
Fax. 052/3268703
http:// www.supravis.pl
E-mail: kancelaria@supravis.pl
Value : 12000000.00 PLN
Quant: 24000
MANAG.:
PRESIDENT OF THE BOARD
Representation : SOLE SIGNATURE
Surname : SZPACZKO
Names : GRZEGORZ
PESEL : 68102503757
Citizenship : Poland
Addr.:
Country code : Poland
SHARES IN OTHER COMPANIES
No data
EMPLOYMENT
Total (MIN MAX) Productive(MIN MAX) Unprod.(MIN MAX) DATE FROM DATE TO
124-124 - - 2007/01/01- 2007/12/31
114-114 - - 2006/01/01- 2006/12/31
116-116 - - 2005/01/01- 2005/12/31
REAL ESTATE
Real estate: HP PRODUCTION HALL
OWN: Area from to Value
15178-15178 sqm 12240876.00 PLN
Real estate: GN GROUNDS
OWN: Area from to Value
- 1242501.00 PLN
31.12.2007
SALES
2007/01/01 - 2007/12/31 78584638.62
2006/01/01 - 2006/12/31 71195089.19
2005/01/01 - 2005/12/31 73119433.83
2004/01/01 - 2004/12/31 82974000.00
2003/01/01 - 2003/12/31 75315000.00
2002/01/01 - 2002/12/31 68892000.00
2001/01/01 - 2001/12/31 63783000.00
2000/01/01 - 2000/12/31 60581000.00
FINANCIAL DATA
Balance
sheet as on 2006/12/31 2007/12/31
ASSETS
A. Total non-current assets: 21353292.62 34354732.84
I.Intangible assets:
46527.72 695466.31
1.Costs of development activities: 0.00 0.00
2.Goodwill: 0.00 0.00
3.Other intangible fixed assets: 46527.72 695466.31
4.Prepayments for intangible
assets:
0.00 0.00
II.Fixed assets: 20956888.90 33468803.53
1.tangible fixed assets:
5300552.67 30427570.67
a)land: 0.00 1242501.00
b)buildings: 330994.00 12240876.49
c)machinery and equipment:
4406399.24 16107196.73
d)vehicles: 463434.79 557566.64
e)other tangible fixed assets:
99724.64 279429.81
2.Investments in progress: 15656336.23 3041232.86
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: 349876.00 190463.00
1.Assets from deffered income tax: 349876.00 190463.00
2.Others:
0.00 0.00
B. Current assets: 30897800.06 30185993.15
I.Inventory
12706624.56 12938603.74
1.Materials: 6181136.63 4899135.80
2.Semi-products and work in
progress:
80547.43 236989.13
3.Finished goods:
6142961.67 7719203.36
4.Products: 286180.67 55771.90
5.Advance payment for delivery:
15798.16 27503.55
II.Accounts receivable:
13796984.38 16483169.88
1.From related companies: 13499.06 23055.34
a)trade receivables:
13499.06 23055.34
- within 12 months:
13499.06 23055.34
- more than 12 months:
0.00 0.00
b)others: 0.00 0.00
2.From other companies: 13783485.32 16460114.54
a)trade receivables:
12388584.93 13438950.52
- within 12 months:
12388584.93 13438950.52
- more than 12 months:
0.00 0.00
b)tax and social receivables:
1201165.83 2853010.81
c)other receivables:
193734.56 168153.21
d)accounts receiv. result. from
disputable claims:
0.00 0.00
III.Short-term investments: 4100850.10 203302.13
1.Short-term financial assets:
4100850.10 203302.13
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:
4100850.10 203302.13
- cash in hand and at bank:
4100850.10 203302.13
- 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: 293341.02 560917.40
Total assets
(A+B): 52251092.68 64540725.99
LIABILITIES
A. Net worth:
32523062.73 38086998.78
I.Issued capital: 12000000.00 12000000.00
II.Outstanding but unpaid contribution for
share: 0.00 0.00
III.Entity's own capital (negative): 0.00 0.00
IV.Reserve capital:
15944663.84 20523062.73
V.Revaluation reserve:
0.00 0.00
VI.Other reserve capitals:
0.00 0.00
VII.Profit/loss brutto forward:
0.00 0.00
VIII.Net financial result for the year: 4578398.89 5563936.05
IX.Write-offs from net profit: |
0.00 0.00
B.Liabilities & reserves: 19728029.95 26453727.21
I.Reserve for liabilities:
52985.00 76167.00
1.Reserves for deffered income tax: 20241.00 36458.00
2.Reserves for retirement and
similar:
18744.00 9709.00
- long-term:
18744.00 9709.00
- short-term: 0.00 0.00
3.Other reserves:
14000.00 30000.00
- long-term:
0.00 0.00
- short-term:
14000.00 30000.00
II.Long-term liabilities:
3370794.37 1999999.98
1.To related companies: 0.00 0.00
2.To other companies:
3370794.37 1999999.98
a)credits and loans:
3043226.77 1999999.98
b)commercial papers: 0.00 0.00
c)other financial liabilities:
0.00 0.00
d)other long-term liabilities:
327567.60 0.00
III.Short-term liabilities:
16304250.58 24377560.23
1.To related companies:
428464.00 3390309.36
a)trade payable: 428464.00 3390309.36
- within 12 months:
428464.00 3390309.36
- more than 12 months:
0.00 0.00
b)other:
0.00 0.00
2.To other companies:
15875786.58 20987250.87
a)bank loans: 3000000.00 8879846.86
b)commercial papers:
0.00 0.00
c)other financial liabilities:
0.00 0.00
d)trade payables:
11608319.03 11174471.11
- within 12 months:
11608319.03 11174471.11
- more than 12 months:
0.00 0.00
e)supplies paid on account:
7332.69 18997.52
f)notes payable:
0.00 0.00
g)tax & social securities: 735988.45 428982.38
h)payroll payable:
300493.22 296752.59
i)other short-term liabilities: 223653.19 188200.41
3.Special funds:
0.00 0.00
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):
52251092.68 64540725.99
Balance sheet as on 2004/12/31 2005/12/31
ASSETS
A. Total non-current assets:
1676000.00 5339329.73
I.Intangible assets:
60000.00 44230.62
1.Costs of development activities:
0.00
2.Goodwill:
0.00
3.Other intangible fixed assets:
44230.62
4.Prepayments for intangible
assets: 0.00
II.Fixed assets: 1407000.00 5064374.11
1.tangible fixed assets: 1584035.70
a)land:
0.00
b)buildings:
370795.96
c)machinery and equipment: 946452.96
d)vehicles:
158721.10
e)other tangible fixed assets: 108065.68
2.Investments in progress: 324515.73
3.Investments in progress paid on
accounts:
3155822.68
III.Long-term receivables:
0.00
1.From related companies: 0.00
2.From other companies: 0.00
IV.Long-term investments:
0.00
1.Real-estate property:
0.00
2.Intangible assets: 0.00
3.Long-term financial assets: 0.00
a)in related companies: 0.00
- shares:
0.00
- other commercial papers: 0.00
- provided loans: 0.00
- other long-term financial
assets: 0.00
b)in other companies:
0.00
- shares: 0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other long-term financial
assets: 0.00
4.Other long-term investments: 0.00
V.Long-term interperiod settlements:
230725.00
1.Assets from deffered income tax:
230725.00
2.Others:
0.00
B. Current assets: 28470000.00 33447149.60
I.Inventory
10325000.00 10751984.19
1.Materials: 5666540.26
2.Semi-products and work in
progress: 0.00
3.Finished goods:
4406574.57
4.Products:
617374.61
5.Advance payment for delivery:
61494.75
II.Accounts receivable: 15957000.00 16262525.60
1.From related companies: 0.00
a)trade receivables:
0.00
- within 12 months: 0.00
- more than 12 months: 0.00
b)others:
0.00
2.From other companies:
16262525.60
a)trade receivables:
15681047.13
- within 12 months: 15681047.13
- more than 12 months: 0.00
b)tax and social receivables:
278811.28
c)other receivables:
302667.19
d)accounts receiv. result. from
disputable claims: 0.00
III.Short-term investments:
6284091.49
1.Short-term financial assets:
6284091.49
a)in related companies: 0.00
- shares:
0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other short-term financial
assets: 0.00
b)in other companies: 0.00
- shares:
0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other short-term financial
assets: 0.00
c)cash and other cash assets: 6284091.49
- cash in hand and at bank:
6284091.49
- other cash means:
0.00
- other cash assets:
0.00
2.Other short-term investments: 0.00
IV.Short-term interperiod settlements: 276000.00 148548.32
Total assets
(A+B): 30146000.00 38786479.33
LIABILITIES
A. Net worth: 18796000.00 27944663.84
I.Issued capital:
12000000.00 12000000.00
II.Outstanding but unpaid contribution for
share:
0.00
III.Entity's own capital (negative): 0.00
IV.Reserve capital:
3014000.00 6796815.78
V.Revaluation reserve: 0.00
VI.Other reserve capitals:
0.00
VII.Profit/loss brutto forward: 0.00
VIII.Net financial result for the year: 3782000.00 9147848.06
IX.Write-offs from net profit: |
0.00
B.Liabilities & reserves:
11348000.00 10841815.49
I.Reserve for liabilities:
631000.00 67531.00
1.Reserves for deffered income tax:
26589.00
2.Reserves for retirement and
similar: 25942.00
- long-term: 25942.00
- short-term:
0.00
3.Other reserves:
15000.00
- long-term: 0.00
- short-term:
15000.00
II.Long-term liabilities:
0.00 0.00
1.To related companies:
0.00
2.To other companies:
0.00
a)credits and loans: 0.00
b)commercial papers:
0.00
c)other financial liabilities: 0.00
d)other long-term liabilities: 0.00
III.Short-term liabilities:
10699000.00 10774284.49
1.To related companies:
610000.00
a)trade payable:
610000.00
- within 12 months:
610000.00
- more than 12 months: 0.00
b)other:
0.00
2.To other companies:
10164284.49
a)bank loans:
0.00
b)commercial papers:
0.00
c)other financial liabilities: 0.00
d)trade payables:
8003610.69
- within 12 months:
8003610.69
- more than 12 months: 0.00
e)supplies paid on account: 0.00
f)notes payable:
0.00
g)tax & social securities: 1559191.42
h)payroll payable:
283614.77
i)other short-term liabilities:
317867.61
3.Special funds:
0.00
IV.Accrued liabilities:
18000.00 0.00
1.Negative goodwill:
0.00
2.Other:
0.00
- long-term: 0.00
- short-term:
0.00
Total liabilties (A+B):
30146000.00 38786479.33
Balance sheet as on 2002/12/31 2003/12/31
ASSETS
A. Total non-current assets:
1122000.00 1069000.00
I.Intangible assets: 35000.00 17000.00
II.Fixed assets: 769000.00 829000.00
B. Current assets: 27267000.00 25567000.00
I.Inventory 7536000.00 9656000.00
II.Accounts receivable:
14847000.00 13484000.00
IV.Short-term interperiod settlements: 164000.00 140000.00
Total assets
(A+B): 28389000.00 26636000.00
LIABILITIES
A. Net worth: 18112000.00 18014000.00
I.Issued capital:
12000000.00 12000000.00
VIII.Net financial result for the year: 6112000.00 6014000.00
B.Liabilities & reserves:
10278000.00 8622000.00
I.Reserve for liabilities:
889000.00 879000.00
II.Long-term liabilities: 0.00 0.00
III.Short-term liabilities:
9389000.00 7593000.00
IV.Accrued liabilities:
0.00 150000.00
Total liabilties (A+B):
28389000.00 26636000.00
Balance sheet as on 2000/12/31 2001/12/31
ASSETS
A. Total non-current assets:
439000.00 805000.00
I.Intangible assets:
108000.00 92000.00
II.Fixed assets: 331000.00 514000.00
B. Current assets: 23096000.00 24768000.00
I.Inventory
5544000.00 5800000.00
II.Accounts receivable:
7610000.00 10119000.00
IV.Short-term interperiod settlements: 77000.00 86000.00
Total assets
(A+B): 23535000.00 25573000.00
LIABILITIES
A. Net worth:
14714000.00 16634000.00
I.Issued capital:
12000000.00 12000000.00
VII.Profit/loss brutto forward:
-373000.00
VIII.Net financial result for the year: 3087000.00 4634000.00
B.Liabilities & reserves: 8821000.00 8938000.00
I.Reserve for liabilities:
0.00 693000.00
II.Long-term liabilities:
0.00 0.00
III.Short-term liabilities:
8339000.00 8245000.00
IV.Accrued liabilities:
482000.00 0.00
Total liabilties (A+B):
23535000.00 25573000.00
Profit
and loss account (comp) 2006/12/31 2007/12/31
2006/01/01 2007/01/01
A. Net sales of goods and products: 72937067.03 77447253.67
- including to related companies 44088.35 519884.93
I.Net sales of products: 68729513.79 76116218.55
II.Change of products :
1947686.13 925345.33
III.Costs of production:
0.00 0.00
IV.Net sale of goods and materials: 2259867.11 405689.79
B. Operation expenses:
66124935.11 71182293.34
I. Depreciation: 777497.32 2274027.89
II. Costs of materials and energy: 48308871.67 54834720.30
III. Outside services:
7255718.42 6093401.39
IV.Taxes : 234694.76 445678.04
V. Salaries: 5846720.19 5420576.15
VI. Social taxes & related:
1282900.96 1378005.79
VII. Other:
286917.70 245603.03
VIII. Goods and materials sold:
2131614.09 490280.75
C. Profit (loss) on sale (A-B): 6812131.92 6264960.33
D. Other operation incomes:
22692.86 1021918.99
I.Profit from sale of tangible assets: 1934.44 15049.24
II.Grants & subsidies: 0.00 0.00
III.Other:
20758.42 1006869.75
E. Other operating costs:
1219462.78 138422.55
I.Loss from sale of tangible assets: 0.00 18951.80
II.Revaluation of non-financial assets: 1138638.83 12952.59
III.Other: 80823.95 106518.16
F. Profit from operating activity
(C+D-E):
5615362.00 7148456.77
G. Financial income:
183015.43 115465.96
I. Dividends: 0.00 0.00
II.Interest receivable:
183015.43 115465.96
III.Profits from investment
transfeered:
0.00 0.00
IV.Revaluation of investments:
0.00 0.00
V.Other:
0.00 0.00
H. Financial costs: 70104.54 379364.68
I.Interest payable including:
0.00 335576.72
- to related companies:
0.00 42716.71
II.Loss from invetsments transffered: 0.00 0.00
III.Revaluation of investments:
0.00 0.00
IV.Other:
70104.54 43787.96
I. Profit (loss) from economic activity
(F+G-H):
5728272.89 6884558.05
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): 5728272.89 6884558.05
L. Corporate income tax: 1149874.00 1320622.00
M. Other obligatory charges:
0.00 0.00
N. Net profit for the year (K-L-M): 4578398.89 5563936.05
Profit
and loss account (calc) 2005/12/31 2006/12/31
2005/01/01 2006/01/01
A. Net sales of goods and products:
72710863.88 70989380.90
- including to related companies 0.00 44088.35
I. Net sales of products
68962234.17 68729513.79
II. Net sale of goods and materials 3748629.71 2259867.11
B. Operation expenses:
57126143.05 59191520.73
- including to related companies 0.00 37167.23
I. Cost of production
53820348.23 57059906.64
II. Goods and materials at cost
3305794.82 2131614.09
C. Gross profit on sale(A-B) 15584720.83 11797860.17
D. Costs of sale 507735.59 716826.16
E. General administrative costs
4055233.40 4268902.09
F. Profit from sale (C-D-E) 11021751.84 6812131.92
G. Other operation incomes
124964.80 22692.86
I. Profit from sale of tangible assets 25487.04 1934.44
II. Grants & subsidies
0.00 0.00
III. Other
99477.76 20758.42
H. Other operating costs
123244.51 1219462.78
I. Loss from sale of tangible assets 0.00 0.00
II. Revaluation of non-financial
assets
49218.10 1138638.83
III. Other operating costs 74026.41 80823.95
I. Profit from operating activity
(F+G-H)
11023472.13 5615362.00
J. Financial income 283605.15 183015.43
I. Dividends 0.00 0.00
- from subisdiaries and affiliates 0.00 0.00
II. Interest receivable 146642.10 183015.43
- 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
136963.05 0.00
K. Financial costs 224.22 70104.54
I. Interest payable including:
224.22 0.00
- 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 70104.54
L. Profit from economic activity (I+J-K) 11306853.06 5728272.89
M. Extraordinary items (M.I - M.II) 0.00 0.00
I. Extraordinary incomes
0.00 0.00
II.Extraordinary losses
0.00 0.00
N. Gross profit for the year (L+M)
11306853.06 5728272.89
O. Corporate income tax 2159005.00 1149874.00
P. Other obligatory charges
0.00 0.00
R. Net profit for the year (N-O-P)
9147848.06 4578398.89
Profit
and loss account (calc) 2003/12/31 2004/12/31
2003/01/01 2004/01/01
A. Net sales of goods and products:
74997000.00 82760000.00
- 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) 8126000.00 4768000.00
G. Other operation incomes
84000.00 72000.00
I. Profit from sale of tangible assets
II. Grants & subsidies
III. Other
H. Other operating costs
-53000.00 93000.00
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)
8263000.00 4746000.00
J. Financial income 234000.00 142000.00
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 105000.00 85000.00
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) 8392000.00 4803000.00
M. Extraordinary items (M.I - M.II)
I. Extraordinary incomes
II.Extraordinary losses
N. Gross profit for the year (L+M)
8392000.00 4803000.00
O. Corporate income tax
P. Other obligatory charges
R. Net profit for the year (N-O-P)
6014000.00 3782000.00
Profit
and loss account (calc) 2001/12/31 2002/12/31
2001/01/01 2002/01/01
A. Net sales of goods and products:
62629000.00 68415000.00
- 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) 5591000.00 8336000.00
G. Other operation incomes
60000.00 155000.00
I. Profit from sale of tangible assets
II. Grants & subsidies
III. Other
H. Other operating costs
243000.00 152000.00
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)
5408000.00 8339000.00
J. Financial income 1094000.00 322000.00
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 262000.00 193000.00
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) 6240000.00
8468000.00
M. Extraordinary items (M.I - M.II)
I. Extraordinary incomes
II.Extraordinary losses
N. Gross profit for the year (L+M)
6240000.00 8468000.00
O. Corporate income tax
P. Other obligatory charges
R. Net profit for the year (N-O-P)
4634000.00 6112000.00
Cash
flow statement 2007/12/31
2007/01/01
A. Operating cash flow
7040192.35
I. Net profit 5563936.05
II. Adjustments 1476256.30
1. Depreciation 2274027.89
2. Profit on exchange rates difference .00
3. Interests/dividends
receivable/payable
335576.72
4. Profit on investment activities 3902.56
5. Change of reserves
23182.00
6. Change in invesntories
-231979.18
7. Change in accounts receivable -2686185.50
8. Change in short-term liabilities 1865895.19
9. Change in prepaid items
-108163.38
10. Other items .00
III.Net operating cash flow (I +/- II) 7040192.35
B.
Investment cash flow -15438783.67
I. Cash inflows from investment
activities
15049.24
1. Sale of intangible assets 15049.24
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 15453832.91
1. Acquired intangible and tangible fixed
assets 15453832.91
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 .00
III. Net cash from invetsment activities -15438783.67
C.
Financial cash flow 4501043.35
I. Inflows from financial activity 7836620.13
1. Net inflows from issuing shares, capital
instr. .00
2. Bank credits and loans
7836620.13
3. Issue of debt securities .00
4. Other financial inflows
.00
II. Cash outflows from financial
activity
3335576.78
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 3000000.06
5. Debt securities and loans repaid .00
6. Resulted from financial leasing .00
7. Interests payable
.00
8. Interests 335576.72
9. Other financial outflows .00
III. Net financial cash flow 4501043.35
D. Total net cash flow (A.III +/- B.III +/- C.III) -3897547.97
- including due to the foreign exchanges
difference 3897547.97
F. Cash at the beginning of the year 4100850.10
G. Cash at the end of the year (F +/- D) 203302.13
Cash
flow statement 2006/12/31
2006/01/01
A. Operating cash flow
8445841.05
I. Net profit 4578398.89
II. Adjustments 3867442.16
1. Depreciation 777497.32
2. Profit on exchange rates difference .00
3. Interests/dividends
receivable/payable
.00
4. Profit on investment activities .00
5. Change of reserves
-14546.00
6. Change in invesntories
-1954640.37
7. Change in accounts receivable 2857533.69
8. Change in short-term liabilities 2465541.22
9. Change in prepaid items
-263943.70
10. Other items .00
III.Net operating cash flow (I +/- II) 8445841.05
B.
Investment cash flow -16670374.77
I. Cash inflows from investment
activities
1934.44
1. Sale of intangible assets 1934.44
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 16672309.21
1. Acquired intangible and tangible fixed
assets 16672309.21
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 .00
III. Net cash from invetsment activities -16670374.77
C.
Financial cash flow 6043226.77
I. Inflows from financial activity 6043226.77
1. Net inflows from issuing shares, capital
instr. .00
2. Bank credits and loans
6043226.77
3. Issue of debt securities .00
4. Other financial inflows
.00
II. Cash outflows from financial
activity
.00
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 .00
9. Other financial outflows .00
III. Net financial cash flow 6043226.77
D. Total net cash flow (A.III +/- B.III +/- C.III) -2181306.95
E. Change in cash. positions in balance 2183241.39
- including due to the foreign exchanges
difference .00
F. Cash at the beginning of the year 6284091.49
G. Cash at the end of the year (F +/- D) 4102784.54
- including restricted cash .00
Cash
flow statement 2005/12/31
2005/01/01
A. Operating cash flow
8349546.08
I. Net profit 9147848.06
II. Adjustments -798301.98
1. Depreciation 361970.29
2. Profit on exchange rates difference .00
3. Interests/dividends
receivable/payable
.00
4. Loss on investment activities 25487.04
5. Change of reserves
-564432.00
6. Change in invesntories
-426623.89
7. Change in accounts receivable -305091.02
8. Change in short-term liabilities 74866.89
9. Change in prepaid items 86494.79
10. Other items .00
III.Net operating cash flow (I +/- II) 8349546.08
B.
Investment cash flow -3977242.71
I. Cash inflows from investment
activities
35081.96
1. Sale of intangible assets 35081.96
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 4012324.67
1. Acquired intangible and tangible fixed
assets 881211.06
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 3131113.61
III. Net cash from invetsment activities -3977242.71
C.
Financial cash flow 0.00
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
.00
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 .00
9. Other financial outflows .00
III. Net financial cash flow 0.00
D. Total net cash flow (A.III +/- B.III +/- C.III) 4372303.37
E. Change in cash. positions in balance 4372303.37
- including due to the foreign exchanges
difference .00
F. Cash at the beginning of the year 1911788.12
G. Cash at the end of the year (F +/- D) 6284091.49
- including restricted cash .00
Cash
flow statement 2004/12/31
2004/01/01
A. Operating cash flow
3538000.00
B.
Investment cash flow -913000.00
C.
Financial cash flow -3000000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) -375000.00
Cash
flow statement 2003/12/31
2003/01/01
A. Operating cash flow
4001000.00
B.
Investment cash flow -323000.00
C.
Financial cash flow -6112000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) -2433000.00
Cash
flow statement 2002/12/31
2002/01/01
A. Operating cash flow
982000.00
B.
Investment cash flow 4578000.00
C.
Financial cash flow -4634000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) 926000.00
Cash
flow statement 2001/12/31
2001/01/01
A. Operating cash flow
1989000.00
B.
Investment cash flow -3382000.00
C.
Financial cash flow -2708000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) -4101000.00
Cash
flow statement 2000/12/31
2000/01/01
A. Operating cash flow
-2243000.00
B.
Investment cash flow -2484000.00
C. Financial
cash flow 622000.00
D. Total net cash flow (A.III +/- B.III +/- C.III) -4105000.00
INDEX
ANALYSE:
year 2005 2006 2007
CURRENT RATIO (CR)
Current Assets/Current liabilities 3.1043500 1.8950764 1.2382697
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities 2.1064197 1.1157321 0.7075109
CASH RATIO (SQR)
Cash/Current liabilities 0.5832491 0.2515203 0.0083397
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days 53.9737 65.3326 60.9782
CREDITORS DAYS/DAY'S SALES IN RECEIVABLES
Current receivables/Turnover x 365 days 81.6360 70.9388 77.6833
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days 54.086 83.830
114.889
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 28.0% 37.8% 41.0%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO
I
Longterm liabilities/Equity capital 0.00000 0.10364 0.05251
LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO
II
Longterm liab./Equity cap.+Longterm liab. x
100% 0.0% 9.4% 5.0%
RETURN ON SALES (ROS)
Net profit/Turnover x 100% 12.6% 6.4% 7.2%
RETURN ON ASSETS (ROA)
Net profit/Total assets x 100% 23.6%
8.8% 8.6%
RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100% 32.7% 14.1% 14.6%
LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x
100% 0.0000000 0.1713233 0.0758220
WORKING CAPITAL
Current assets-Current liabilities 22672865.11 14593549.48 5808432.92
WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x
100% 31.2% 20.6%
7.5%
HISTORICAL DATA
Address data validity period: 2005/01/07 - 2007/10/30
FLEXPOL GĄSIOR SP. Z O.O.
CHEMIKÓW 7
09-411 PŁOCK
Tel. 024/3658437
Fax. 024/3658444
http:// www.flexpol.pl
E-mail: flexpol@flexpol.pl
Basic data validity period: 2000/ / - 2001/10/01
Legal form: LIMITED LIABILITY COMPANY
Registering agency COURT OF COMMERCE
Type : COMMERCIAL REGISTER
Number RHB 1323
Shares history validity period: 2001/10/01 - 2004/09/24
SHAREHOLDER:
POLSKI KONCERN NAFTOWY ORLEN S.A.
Identifier PLO0000007RK
SKR. POCZT. 142
09-411 PŁOCK
Mail box: 142
Tel. 024/3650000
Fax. 024/3654220
http:// www.orlen.pl
E-mail: zarzad@orlen.pl
Value : 4800000.00 PLN
Quant: 9600
Shares history validity period: 2001/10/01 - 2004/09/24
SHAREHOLDER:
GRUPA KĘTY SPÓŁKA AKCYJNA
Identifier IBB0050570RK
KOŚCIUSZKI 111
32-650 KĘTY
Tel. 033/8446000
Fax. 033/8195475
http:// www.gk-kety.com.pl
E-mail: kety@gk-kety.com.pl
Value : 7200000.00 PLN
Quant: 14400
Function history validity period: 2001/10/01 - 2003/06/09
FUNCTION ACTING :
BOARD
PROXY
Surname : SAPIECHA
Names : ARKADIUSZ PAWEŁ
PESEL : 72082808434
Citizenship : Poland
Addr.:
Country code : Poland
Function history validity period: 2001/10/01 - 2004/06/14
FUNCTION ACTING :
SUPERVISORY BOARD
Surname : IDŹKOWSKI
Names : WIESŁAW
PESEL : 57081705333
Citizenship : Poland
Addr.:
Country code : Poland
Function history validity period: 2001/10/01 - 2004/09/24
FUNCTION ACTING :
SUPERVISORY BOARD
Surname : LECHOWICZ
Names : RAFAŁ MARIUSZ
PESEL : 70090211314
Citizenship : Poland
Addr.:
Country code : Poland
Function history validity period: 2001/01/01 - 2004/09/24
FUNCTION ACTING :
SUPERVISORY BOARD
Surname : SĘP
Names : KAROL MAREK
PESEL : 49091604072
Citizenship : Poland
Addr.:
Country code : Poland
Function history validity period: 2001/01/01 - 2004/09/24
FUNCTION ACTING :
SUPERVISORY BOARD
Surname : ADAMCZYK
Names : MAREK
PESEL : 61032400130
Citizenship : Poland
Addr.:
Country code : Poland
Function history validity period: 2001/01/01 - 2004/09/24
FUNCTION ACTING :
SUPERVISORY BOARD
Surname : RADA
Names : TOMASZ RADOSŁAW
PESEL : 72041010232
Citizenship : Poland
Addr.:
Country code : Poland
Function history validity period: 2001/01/01 - 2004/09/24
FUNCTION ACTING :
BOARD
PRESIDENT OF THE BOARD
Surname : NISZTOR
Names : ZDZISŁAW
PESEL : 59032103030
Citizenship : Poland
Addr.:
Country code : Poland
PAYMENTS
No significant trade experience has been reported thus far
TRADE PARTNERS
Details not available
RELATED FIRMS
RELATED FIRMS:
SUPRAVIS GROUP SPÓŁKA AKCYJNA
Identifier BYD0032799RK
NOWOTORUŃSKA 56
85-840 BYDGOSZCZ
Tel. 052/3268800
Fax. 052/3268703
http:// www.supravis.pl
E-mail: kancelaria@supravis.pl
RELATED FIRMS:
"DARMEX" SP.Z O.O. FABRYKA OSŁONEK
Identifier BYD0034183RK
SULNOWO
86-100 ŚWIECIE N/WISŁĄ
Tel. 052/3314704, 3324482
Fax. 052/3324483
mobile: 0601640330
RELATED FIRMS:
SUPRAVIS GMBH
Identifier CEN0004383CZ
D
87439 Kempten / Germany
Dieselstr. 45
Tel. 0049831/570 578-93
Fax. 0049831/570 578-97
http:// www.supravis-gmbh.de
E-mail: info@supravis-gmbh.de
RELATED FIRMS:
SUPRAVIS SLOVAKIA S.R.O
Identifier CEN0004384CZ
SK
Komenskeho 1681/35
92705 Sala
Tel. 00421 908 426 626
http:// www.supravis.sk
E-mail: supravis@supravis.sk
RELATED FIRMS:
SUPRAVIS HUNGARY KFT.
Identifier CEN0004385CZ
H
Papa (Hungary)
8500 Papa, Komaromi Ut 20
Tel. 0036 89 510 592
http:// www.supravis.hu
RELATED FIRMS:
DARMEX CASING SP. Z O.O.
Identifier CEN0182546CK
SULNOWO 53D
86-100 ŚWIECIE
Tel. 052/3310600
Fax. 052/3314704
http:// www.darmex.com.pl
mobile: 0601640330; 0601946264
E-mail: darmex@darmex.com.pl
RELATED FIRM
SUPRAVIS GMBH
Identifier CEN0004383CZ
D
87439 Kempten / Germany
Dieselstr. 45
Tel. 0049831/570 578-93
Fax. 0049831/570 578-97
http:// www.supravis-gmbh.de
E-mail: info@supravis-gmbh.de
RELATED FIRM
SUPRAVIS SLOVAKIA S.R.O
Identifier CEN0004384CZ
SK
Komenskeho 1681/35
92705 Sala
Tel. 00421 908 426 626
http:// www.supravis.sk
E-mail: supravis@supravis.sk
RELATED FIRM
SUPRAVIS HUNGARY KFT.
Identifier CEN0004385CZ
H
Papa (Hungary)
8500 Papa, Komaromi Ut 20
Tel. 0036 89 510 592
http:// www.supravis.hu
PROCEDURES
Officially not available
ADDITIONAL INFORMATION
Any other information officially not available
BANK
Name: Bank Przemysłowo - Handlowy SA
Addr.: 03-708Warszawa Kłopotowskiego 15
Account num: 79 1060 0076 0000 4014 5002 8514
CUSTOMERS/SUPPLIERS
SUPPLIER
BASELL ORLEN POLYOLEFINS SP. Z O.O.
Identifier CEN0194907CK
CHEMIKÓW 7
09-411 PŁOCK
Tel. 024/3647337
Fax. 024/3647313
http:// www.basellorlen.pl
SUPPLIER
SLOVNAFT PETROCHEMICALS, S.R.O.
Identifier CEN0004379CZ
SK
Vlcie hrdlo 4846
824 12 Bratislava
Tel. 00421 2 58597231
Fax. 00421 2 58597381
SUPPLIER
OY NIZHEX SCANDINAVIA LTD
Identifier CEN0004380CZ
SF
Wavulinintie 10
00210 Helsinki
Tel. 00358 9 682 47 00
Fax. 00358 9 682 470 77
SUPPLIER
INEOS SALES BELGIUM NV
Identifier CEN0004381CZ
B
Rue de Ransbeek 310
B-1120 Brussels
Tel. 0032 (0)2 264 3808
Fax. 0032 (0)2 264 3818
http:// www.ineospolyolefins.com
E-mail: IneosPofEu@innovene.com
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
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
UK Pound |
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.63.41 |
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%)