MIRA INFORM REPORT

 

 

Report Date :            

20.04.2011

 

IDENTIFICATION DETAILS

 

Name :

LIMPOL SP. Z O.O. 

 

 

Registered Office :

ul. Emaus 19, 30-213 Kraków

 

 

Country :

Poland

 

 

Financials (as on) :

2009

 

 

Date of Incorporation :

08.01.1997

 

 

Com. Reg. No.:

No. KRS 0000146934

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Non-specialised wholesale of food, beverages and tobacco

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

EUR 100.000,00

Status :

Moderate

Payment Behaviour :

Regular

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Poland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

                                                                                                                                                                                                                                                                                                                              

COMPANY REPORTED    

 

 

 

LIMPOL SP. Z O.O.

Principal Address:
ul. Emaus 19
30-213 Kraków
Poland
Małopolskie
Telephone: +48-12-4273165, +48-12-4273175, +48-12-4273403, +48-12-4270073
Fax: +48-12-4273165
Email: kontakt@verafood.pl ; ksiegowy@limpol.pl
Web: www.verafood.pl

Warehouse:
Słomniki
32-090 Słomniki
Poland
Małopolskie

Current place of business is located in rented premises.

 

Former company addresses
Former Principal Address:
ul. Mazowiecka 25
30-019 Kraków
Poland
Małopolskie

 

ICON number: 9553270
National ID: 6771735027
Statistic number: 351196391
VAT number: 6771735027

 

Registration status: 08.01.1997 - registered company
Activity status: 08.01.1997 - active company

 

 

 

 

 

,

CREDI INFORMATION SUMMARY

 

 

 

Insolvency Information:

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

 

 

Maximum Credit:

EUR 100.000,00

 

 

 

Payment Practices:

Payments are made according to terms

 

 

 

 

Debt Collection

There is no record of any debt collection action. against this company.

 

 

Debts for Sale:

For 2010-11-03 the debts of the company haven't been registered for sale by Debt Exchanges checked.

 

 

 

 

                                                                                                                                                                                                                                                                                                                              

COMPANY DETAILS 

 

 

 

Established:

08.01.1997

 

 

Registration:

No. KRS 0000146934
15.01.2003
Sąd Rejonowy Kraków, Poland
Małopolskie

 

 

Former Registration:

No. RHB 7112
08.01.1997
Sąd Rejonowy Kraków, Poland

 

 

Legal Form:

08.01.1997
Limited Liability Company

 

 

History:

The subject was established in 1997 as a limited liability company.

 

 

Capital:

Nominal capital:

 

PLN 200.000,00

 

 

Shareholders:

Full Name

Function

Address

Equity capital

LUBOWIECKI Tomasz

Partner

PLN 160.000,00

LUBOWIECKI Mieczysław

Partner

PLN 40.000,00

 

 

Former Shareholders:

Full Name

Function

Address

Equity capital

BULISZCZAK Ryszard

Former Partner
27.09.2006 (due to cancellation in Register of Companies (Companies' House))

PLN 20.000,00

 

 

Management:

Full Name

Function

Address

LUBOWIECKI Mieczysław

Chairman of the executive board

LUBOWIECKI Tomasz

Deputy chairman of the executive board

JASZCZYŃSKI Tomasz

Member of the executive board

 

 

Person functions in other companies:

Function

Company

Other known functions of  Lubowiecki Mieczysław

Partner

TIM-IMEX Sp. z o.o. (PL)
ICON number:  5531620

Chairman of the executive board

TIM-IMEX Sp. z o.o. (PL)
ICON number:  5531620

Deputy chairman of the executive board

7R LOGISTIC GDAŃSK KOWALE Sp. z o.o. (PL)
ICON number:  100209660

Other known functions of  Lubowiecki Tomasz

Partner

TIM-IMEX Sp. z o.o. (PL)
ICON number:  5531620

Deputy chairman of the executive board

TIM-IMEX Sp. z o.o. (PL)
ICON number:  5531620

Chairman of the executive board

7R LOGISTIC GDAŃSK KOWALE Sp. z o.o. (PL)
ICON number:  100209660

Chairman of the executive board

7 R SOLUTION Sp. z o.o. (PL)
ICON number:  103473510

Other known functions of  Jaszczyński Tomasz

Member of the executive board

TIM-IMEX Sp. z o.o. (PL)
ICON number:  5531620


This section also contains historical data.

 

 

Legal Representation:

Chairman or vice-chairman individually.
Member with chairman or vice-chairman or proxy together.

 

 

 

 

 

 

 

                                                                                                                                                                                                                                                                                                                              

KEY DATA ON OPERATIONS      

 

 

 

Subject of Operation:

NACE
  main activity:
  4639 Non-specialised wholesale of food, beverages and tobacco

  4620 Wholesale of agricultural raw materials and live animals
  4631 Wholesale of fruit and vegetables

Import, trade in foodstuffs.

 

 

Key Data:

Amounts shown in Polish Zloty (PLN)

 

2009

2008

2007

2006

Revenue/Sales

49.793.733

47.152.060

38.735.021

39.215.038

Non-current assets

6.051.311

1.626.914

1.402.009

99.395

Equity

8.696.773

3.818.041

3.817.334

3.245.007

Liabilities

15.253.047

18.372.263

12.517.411

12.668.577

Profit after tax

221.934

707

572.327

583.045

Net profit for the year

221.934

707

572.327

583.045

 

 

2009

2008

2007

2006

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

0,01

0,00

0,04

0,04

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

0,03

0,00

0,15

0,18

Increase of turnover, %
((current year/previous year)-1)*100

5,60

21,73

-1,22

16,67

Operating Income (= Operating Result)

PLN 49.832.083,25

PLN 47.202.363,33

PLN 38.760.955,09

PLN 39.257.628,49

Increase of Operating income %
((current year/previous year)-1)*100

5,57

21,78

-1,27

16,75

Operating expenses

PLN 49.326.597,06

PLN 46.239.523,58

PLN 37.961.255,15

PLN 38.620.006,63

Increase of Operating expenses, %
((current year/previous year)-1)*100

6,68

21,81

-1,71

17,48

Personal costs in %
Personal costs *100 / Operating expenses

1,77

1,92

2,19

1,07

 

 

Workforce:

 

2010

2009

2008

2007

Total workforce

11

10

10

10

 

 

Motor Vehicles:

Motor vehicles unknown.

 

 

Imports:

China

Spain

Greece

Thailand

 

 

Exports:

Czech Republic

 

 

Major Customers:

Biedronka, Geant, Auchan, Leader Price

 

 

Major Suppliers:

Efag
Globus-Hungary
Takring-Thailand
Ampro-Thailand
Tipco-Thailand
Loretto-Spain
Wektor
THC-Thailand

 

 

Real Estate:

Leased property
Address:
ul. Emaus 19
30-213 Kraków
Poland
Małopolskie

Type of ownership: rented

 

 

 

 

                                                                                                                                                                                                                                                                                                                              

FINANCIAL INFORMATION   

 

 

 

Financials:

Financial figures are converted from the original financial reporting format and presented in a standardised financial reporting format based on IFRS.

Amounts shown in Polish Zloty (PLN) 

2009

2008

2007

2006



BALANCE SHEET


ASSETS

A. 

NON-CURRENT ASSETS

6.051.311,44

1.626.913,54

1.402.008,77

99.395,26

I. 

Intangible assets

132.944,21

132.944,21

132.944,21

 

1. 

Other items/items without detailed specification

132.944,21

132.944,21

132.944,21

 

II. 

Property, plant and equipment

143.167,23

1.485.769,33

1.260.864,56

99.395,26

1. 

Land and buildings, including buildings on land owned by third parties

 

1.109.201,00

1.109.201,00

 

2. 

Machinery,tools, equipment and transportation means

92.004,50

120.333,82

111.455,91

99.395,26

3. 

Prepayments and assets under construction

32.709,95

214.229,00

34.891,00

 

4. 

Other items/items without detailed specification

18.452,78

42.005,51

5.316,65

 

III. 

Financial assets

5.775.200,00

8.200,00

8.200,00

 

1. 

Investments

5.773.200,00

7.200,00

7.200,00

 

a) 

in associates

5.773.200,00

7.200,00

7.200,00

 

2. 

Other items/items without detailed specification

2.000,00

1.000,00

1.000,00

 

IV. 

Deferred tax assets (long term)

 

 

 

 

B. 

CURRENT ASSETS

17.898.508,94

20.563.389,88

14.932.736,27

15.814.188,78

I. 

Inventories

4.297.038,13

6.996.106,72

4.242.495,59

4.923.221,76

1. 

Finished goods

4.297.038,13

6.996.106,72

4.242.495,59

4.923.221,76

II. 

Receivables, prepaid expenses and deferred charges

13.508.738,08

13.212.078,77

10.600.283,28

10.829.713,25

1. 

Trade accounts receivable

10.116.085,01

10.548.517,73

10.050.733,55

9.927.368,82

2. 

Receivables from related parties

3.289.974,29

2.536.437,10

188.216,25

387.182,16

3. 

Other receivables

45.213,92

106.402,24

212.694,87

500.708,17

a) 

other

45.213,92

106.402,24

212.694,87

500.708,17

4. 

Deferred charges and accrued income

57.464,86

20.625,62

148.638,61

14.454,10

5. 

Other items/items without detailed specification

0,00

96,08

0,00

0,00

III. 

Securities and other short term assets

0,00

0,00

0,00

0,00

IV. 

Cash in hand and at bank

92.732,73

355.204,39

89.957,40

61.253,77

1. 

Other items/items without detailed specification

92.732,73

355.204,39

89.957,40

61.253,77

 

TOTAL ASSETS

23.949.820,38

22.190.303,42

16.334.745,04

15.913.584,04


EQUITY AND LIABILITIES

A. 

EQUITY

8.696.773,15

3.818.040,64

3.817.333,94

3.245.006,77

I. 

Subscribed capital

200.000,00

200.000,00

200.000,00

200.000,00

1. 

Nominal Capital

200.000,00

200.000,00

200.000,00

200.000,00

II. 

Capital reserves

3.618.040,64

3.617.333,94

3.045.006,77

2.461.961,80

III. 

Revaluation reserves

4.656.799,00

 

 

 

IV. 

Retained earnings

221.933,51

706,70

572.327,17

583.044,97

1. 

Net result of the year

221.933,51

706,70

572.327,17

583.044,97

B. 

LIABILITIES

15.253.047,23

18.372.262,78

12.517.411,10

12.668.577,27

I. 

Non current liabilities

0,00

0,00

0,00

0,00

II. 

Current liabilities

15.253.047,23

18.372.262,78

12.517.411,10

12.668.577,27

1. 

Bank overdraft and loans - due within one year

6.144.129,72

7.511.769,90

6.200.000,00

4.110.777,22

2. 

Trade payables

8.657.475,37

9.733.629,54

5.209.368,34

5.513.284,71

3. 

Payables to related parties

230.000,00

691.177,93

627.710,90

2.851.406,00

4. 

Other liabilities

170.362,48

389.765,29

438.410,71

141.771,92

a) 

other

170.362,48

389.765,29

438.410,71

141.771,92

5. 

Accrued expenses and deferred income

51.079,66

45.920,12

41.921,15

51.337,42

6. 

Other items/items without detailed specification

0,00

0,00

0,00

0,00

 

TOTAL EQUITY AND LIABILITIES

23.949.820,38

22.190.303,42

16.334.745,04

15.913.584,04



PROFIT AND LOSS

I. 

Revenue/Sales

49.793.732,90

47.152.060,17

38.735.021,36

39.215.037,57

II. 

Other operating income

38.350,35

50.303,16

25.933,73

42.590,92

1. 

Income from the sale of non-current assets, excluding financial assets

31.968,79

17.197,19

 

37.459,32

2. 

Other items/items without detailed specification

6.381,56

33.105,97

25.933,73

5.131,60

III. 

Operating Revenue

49.832.083,25

47.202.363,33

38.760.955,09

39.257.628,49

IV. 

Raw materials and consumables used

48.232.931,76

45.157.887,42

36.928.882,07

38.108.702,10

1. 

Services

3.757.830,67

3.711.349,34

2.912.231,15

3.130.685,40

2. 

Other items/items without detailed specification

44.475.101,09

41.446.538,08

34.016.650,92

34.978.016,70

V. 

Staff costs

872.248,24

889.400,30

829.502,34

413.774,59

1. 

Wages and salaries

750.663,25

778.617,34

713.259,52

349.120,00

2. 

Social security charges

121.584,99

110.782,96

116.242,82

64.654,59

VI. 

Depreciation and amortisation expense

52.061,08

55.616,22

39.646,99

30.002,04

VII. 

Other operating expenses

169.355,98

136.619,64

163.223,75

67.527,90

1. 

other

169.355,98

136.619,64

163.223,75

67.527,90

VIII. 

Operating Expenses

49.326.597,06

46.239.523,58

37.961.255,15

38.620.006,63

IX. 

Profit from operations

505.486,19

962.839,75

799.699,94

637.621,86

X. 

Finance costs

2.012.581,75

2.125.632,33

950.043,18

646.875,49

1. 

Interest and similar expenses

573.833,58

761.208,97

436.169,04

230.922,50

2. 

Other items/items without detailed specification

1.438.748,17

1.364.423,36

513.874,14

415.952,99

XI. 

Finance income

1.704.612,88

1.220.439,66

784.538,68

720.660,16

1. 

Interest and similar income

643.808,45

446.967,54

342.566,63

226.619,55

2. 

Other items/items without detailed specification

1.060.804,43

773.472,12

441.972,05

494.040,61

XII. 

Financial Result

-307.968,87

-905.192,67

-165.504,50

73.784,67

XIII. 

Profit from ordinary activities

197.517,32

57.647,08

634.195,44

711.406,53

XIV. 

Extraordinary income

29.897,19

7.968,62

8.942,73

7.282,44

XV. 

Extraordinary result

29.897,19

7.968,62

8.942,73

7.282,44

XVI. 

Profit before tax

227.414,51

65.615,70

643.138,17

718.688,97

XVII. 

Income tax expense

5.481,00

64.909,00

70.811,00

135.644,00

XVIII. 

Profit after tax

221.933,51

706,70

572.327,17

583.044,97

XIX. 

Net profit for the year

221.933,51

706,70

572.327,17

583.044,97


The financial figures in the current credit report are presented in a standardised financial report format based on IFRS. This report format was designed by Coface Central Europe together with local certified public accountants to better serve information purposes and to make a direct comparison across countries easier. Because of this, the financial figures given in the report do not necessarily reflect the original financial reporting layout or reporting currency, which also implies that the figures in the standardised financial report format do not necessarily always add up.

 

 

Approximate Exchange Rates:

2010: 3,9946 PLN = 1 EUR
2009: 4,3273 PLN = 1 EUR
2008: 3,5166 PLN = 1 EUR
2007: 3,7829 PLN = 1 EUR
2006: 3,8951 PLN = 1 EUR
2010: 3,0157 PLN = 1 USD
2009: 3,1162 PLN = 1 USD
2008: 2,4092 PLN = 1 USD
2007: 2,7667 PLN = 1 USD
2006: 3,1025 PLN = 1 USD

 

 

Financial data source:

2009: Financials obtained from the court files
2008: Financials obtained from the court files
2007: Financials obtained from the court files
2006: Financials obtained from the court files


Date: 2003
The company is obliged by law to have its financial statements examined by an expert auditor.

Date: 2004
The company is obliged by law to have its financial statements examined by an expert auditor.

Date: 2005
The company is obliged by law to have its financial statements examined by an expert auditor.

Date: 2006
The company is obliged by law to have its financial statements examined by an expert auditor.

Date: 2007
The company is obliged by law to have its financial statements examined by an expert auditor.

Date: 2008
The company is obliged by law to have its financial statements examined by an expert auditor.

Date: 2009
The company is obliged by law to have its financial statements examined by an expert auditor.

 

 

Bankers:

Bank BPH S.A.
31-548 Kraków, Al. Pokoju 1

Bank Gospodarki Żywnościowej S.A.
o/Kraków

HSBC Bank Polska S.A.
o/Kraków

ING BANK ŚLĄSKI S.A.
o/ Kraków

 

 

Ratios:

 

2009

2008

2007

2006

 

LIQUIDITY

Current Ratio
Current assets / Current liabilities

1,17

1,12

1,19

1,25

Quick Ratio
(Current assets-Inventory) / Current liabilities

0,89

0,74

0,85

0,86

Leverage
Long Term Liabilities / Total Equity

0

0

0

0

Debt Ratio (%)
Total Liabilities / Total Assets x100

0,64

0,83

0,77

0,80

 

ACTIVITY

Sales to Total Assets
Sales / Total assets

2,08

2,12

2,37

2,46

Collection Period (in days)
Accounts Receivable *360 / Sales

73,14

80,54

93,41

91,13

Inventory rotation (in days)
Inventory *360 / Sales

31,07

53,41

39,43

45,20

 

PROFITABILITY

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

0,00

0,00

0,01

0,01

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

0,01

0,00

0,04

0,04

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

0,03

0,00

0,15

0,18

 

Balance sheet summary (in%)

Fixed assets

25,27

7,33

8,58

0,62

S.T. assets

74,73

92,67

91,42

99,38

Total assets

100

100

100

100

Equity

36,31

17,21

23,37

20,39

L.T.Liabilities

0

0

0

0

S.T.Liabilities

63,69

82,79

76,63

79,61

Total liabilities

100

100

100

100

 

 

                                                                                                                                                                                                                                                                                                                              

ADDITIONAL INFORMATION          

 

 

 

Contact With Company:

Name and surname:Stanisław Bergiel
Function:accountant
Date:03.11.2010

 

 

RANKINGS:

Gazela Biznesu 2003 (Puls Biznesu) - ranked 249.
Gazela Biznesu 2004 (Puls Biznesu) - ranked 159.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.68

UK Pound

1

Rs.72.56

Euro

1

Rs.63.53

 

 

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

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

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.