MIRA INFORM REPORT

 

 

Report Date :           

10.08.2011

 

IDENTIFICATION DETAILS

 

Name :

IMPAR SRL 

 

 

Registered Office :

Lemnarilor 14/B, 535600 Odorheiu Secuiesc, Jud. Harghita

 

 

Country :

Romania

 

 

Financials (as on) :

2010

 

 

Date of Incorporation :

26.04.1991

 

 

Com. Reg. No.:

No. J19/178/1991

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale trade of motor vehicle parts and accessories

 

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 350.000,00

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Romania

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

estricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

Company name & address

 

IMPAR SRL

Principal Address:
Lemnarilor 14/B
535600 Odorheiu Secuiesc, Jud. Harghita
Romania
Telephone: +40-266-218225, +40-266-211413, +40-266-218135, +40-266-218155, +40-266-218221
Fax: +40-266-218152
Email:   office@impar.ro , marketing@impar.ro
Web:    www.impar.ro

Branch production:
Bethlen Gabor 90
535600 Odorheiu Secuiesc, Harghita
Romania
Telephone: +40-266-213076, +40-266-213661
Fax: +40-266-213661

Branch production:
Milcov 3-5
600168 Bacau, Jud. Bacau
Romania
Telephone: +40-234-510633, +40-234-515387, +40-234-517310, +40-727-228522

Branch production:
Beclean 49
535600 Odorheiu Secuiesc
Jud. Harghita
Romania
Telephone: +40-266-216329, +40-728-852449
Fax: +40-266-216329
Email: serviceroti@impar.ro

Branch production:
Floare de Cais 17, Bl. A3-3, Sc.1, Et.1, Ap.5
075100 Otopeni, Jud. Ilfov
Romania
Telephone: +40-21-3117033
Fax: +40-21-3117033
Email: direct@impar.ro

 

 

ICON number: 15273910

National ID: J19/178/1991

VAT number: 524625

 

Registration status: 26.04.1991 - registered company

Activity status: 26.04.1991 - active company

 

 

CREDIT INFORMATION SUMMARY

 

Insolvency Information:

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

Maximum Credit:

EUR 350.000,00

Payment Practices:

Payments are made mostly according to terms
There are no major payment incidents registered between 24-05-2004 - 24-05-2011.

According to official sources (Ministry of Finance) the subject company is not registered with any debt to the State Budget at 30.06.2011.

Further Rating Information:

Researched company is categorized as a medium sized company.
Turnover volume of RON 49.240.271 in the year 2010 increased by 15,43% compared with 2009. In the previous period this change was -38,54%.
Fixed assets decreased by RON 272.795 and now 32,76% of total assets.
Working capital of RON 3.715.423 increased for 113,90% compared with the last period.


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:

1991

 

 

Registration:

No. J19/178/1991
26.04.1991
Harghita, Romania

 

 

 

Legal Form:

Limited Liability Company

 

 

Capital:

Nominal capital:

 

RON 1.000.000,00

Number of Ordinary shares:

100.000

 

Value per share of Ordinary shares:

RON 10,00

 

 

Paid-up capital:

 

RON 1.000.000,00

 

Paid other than in cash:

RON 495,00

 

 

 

 

Shareholders:

Full Name

Function

Address

Equity capital

LASZLO JANOS

Shareholder

Romania

90,00%
90.000 Ordinary shares

ARKUM INVEST SRL
Registration: No. J19/318/2001, HARGHITA, Romania

Shareholder

KUVAR Nr.28
4150 ODORHEIU SECUIESC
Romania

10,00%
10.000 Ordinary shares



ARKUM INVEST SRL is registered as shareholder within the following companies:
- NEW-CAR TRADING SRL, J19/176/2007
- PRIMA PRESS SRL, J19/274/1999
- EURO-CAR TRADING SRL, J19/370/2002

LASZLO JANOS is registered as administrator within the following companies:
- HOTEL TARNAVA 2000 SRL, J19/8/2001
- AGROPISC SRL, J19/203/1997
- ROCOM GENERAL TRADING SRL, J19/278/1998
- ARKUM INVEST SRL, J19/318/2001
- IMPAR AUTOKER SRL, J19/867/2004

LASZLO JANOS is registered as shareholder within 15 companies.

 

 

 

Management:

Full Name

Function

Address

BARABAS IGNAC LEVENTE
Nationality: RO
05.07.2010 - Present

Director

Romania

 

 

 

Related Companies:

shareholder is
ARKUM INVEST SRL , Romania , National ID: J19/318/2001

shareholder of
COMAL HOMOROD SA , Romania , National ID: J19/39/1991

shareholder of
DINAMIC OIL SRL , Romania , National ID: J19/712/2005

subsidiary
IMPAR ODORHEIU SECUIESC SRL SUCURSALA BUCURESTI , Romania , National ID: J40/6675/1995

Impar Ltd. is a member company of the Arkum group being interested in the following business areas: investment, tourism, media and car market.

 

 

KEY DATA ON OPERATIONS      

 

 

 

Subject of Operation:

NACE
  main activity:
  4531 Wholesale trade of motor vehicle parts and accessories

  4600 Wholesale trade, except of motor vehicles and motorcycles
  4320 Electrical, plumbing and other construction installation activities
  4300 Specialised construction activities

The company imports and distributes: vehicle tyres and inner tubes, motor vehicle accessories, motor vehicle electrical equipment and batteries, lubrificats.

Quality assessment: SR EN ISO 9001:2000
NACE codes given are based on the most recent NACE Revision 2.

The company is active in the Coface sector 'Motor vehicles, motorcycles, other vehicles and transport'.

Note: the Coface Sector Rating for this industry in the emerging markets of CEE is 'B-' (Last rating: 'B-')

Inflation rate: 6,09%

 

 

 

Company Development:

Satisfactory business development

 

 

 

Key Data:

Amounts shown in Romanian Leu (New) (RON)

 

2010

2009

2008

2007

Turnover

49.240.271

42.658.536

69.414.127

67.523.747

Fixed assets

12.820.203

13.092.998

14.532.833

13.951.293

Equity capital

10.462.978

8.293.757

10.976.189

10.424.643

Profit after taxation

1.691.551

0

51.546

959.730

Loss after taxation

0

2.655.169

0

0

Operating result - profit

3.221.439

163.759

3.228.627

2.731.643

 

 

 

 

 

 

Industry average

 

2010

2009

2008

2007

 

2010

2009

2008

2007

Return on assets ( ROA )
Net profit / Total assets

0,04

0

0,00

0,02

 

 

 

 

0,10

Return on equity ( ROE )
Net profit / Shareholder equity

0,16

0

0,00

0,09

 

 

 

 

0,23


Industry average values are listed for the NACE branch: 45 - Wholesale and retail trade and repair of motor vehicles and motorcycles

 

 

 

Workforce:

 

2010

2009

2008

2007

Total workforce

86

98

190

174

 

 

 

Imports:

Italy, Netherlands, France, Hungary, Austria

 

 

 

Major Customers:

MOL, METRO CASH&CARRY, AUTOCAMION SERVICE

 

 

 

Major Suppliers:

MOL, PREVENT, PRELIX, ALL RIDE, MICHELIN, LAMPA, BOTTARI, VARTA, TENAX, KLEBER, KORMORAN, GOODYEAR, DUNLOP, MATADOR, MITAS, SAVA

 

 

 

Real Estate:

Farmland
Address:
Lemnarilor 14/B
535600 Odorheiu Secuiesc, Jud. Harghita
Romania

Size: 4290 m2
Value: RON 10.740,09

built upon
Address:
Lemnarilor 14/B
535600 Odorheiu Secuiesc, Jud. Harghita
Romania

Value: RON 33.975,20

 

 

 

FINANCIAL INFORMATION   

 

 

 

Financials:

Amounts shown in Romanian Leu (New) (RON)  

2010

2009

2008

2007

 



BALANCE SHEET

 

FIXED ASSETS

12.820.203

13.092.998

14.532.833

13.951.293

 

Intangible assets

1.034

 

9.033

 

 

Tangible assets

10.882.895

 

12.570.635

 

 

Financial fixed assets

1.936.274

 

1.953.165

 

 

CURRENT ASSETS

26.144.840

21.471.570

35.842.372

33.020.932

 

Inventory

8.097.518

8.274.797

15.502.200

11.451.519

 

Claims (receivable)

17.462.408

12.292.302

19.780.391

21.087.251

 

Liquid assets

584.914

904.471

559.781

482.162

 

SHORT TERM FINANCIAL INVESTMENTS

0

0

0

0

 

PREPAID EXPENSES

169.483

300.657

235.585

235.786

 

TOTAL ASSETS

39.134.526

34.865.225

50.610.790

47.208.011

 

EQUITY CAPITAL

10.462.978

8.293.757

10.976.189

10.424.643

 

Share capital

1.000.000

1.000.000

1.000.000

500.000

 

Subscribed and paid capital

1.000.000

1.000.000

1.000.000

500.000

 

Reserves

490.357

474.566

442.788

438.025

 

Short-term liabilities

22.429.417

19.734.556

32.033.025

32.896.690

 

Long-term liabilities

6.242.131

6.836.912

7.601.576

3.886.678

 

TOTAL DEBTS

28.671.548

26.571.468

39.634.601

36.783.368

 

Provisions for risks and charges

0

0

0

0

 

Deferred income

0

0

0

0

 

TOTAL EQUITY AND LIABILITIES

39.134.526

34.865.225

50.610.790

47.208.011

 



PROFIT AND LOSS

 

Turnover

49.240.271

42.658.536

69.414.127

67.523.747

 

TOTAL INCOME

50.659.851

43.457.991

70.009.230

68.184.409

 

Operating income

49.560.459

 

69.657.761

 

 

Income from financial transactions (financial income)

1.099.392

 

351.469

 

 

Extraordinary income

0

 

0

 

 

TOTAL EXPENSES

48.630.081

46.098.493

69.881.418

66.955.272

 

Operating expenses

46.339.020

 

66.429.134

 

 

Expenses on financial transactions (financial expenditures)

2.291.061

 

3.452.284

 

 

Extraordinary expenses

0

 

0

 

 

Operating result - profit

3.221.439

163.759

3.228.627

2.731.643

 

Operating result - loss

0

0

0

0

 

Profit on financial transactions (financial profit)

0

0

0

0

 

Loss on financial transactions (financial loss)

1.191.669

2.804.261

3.100.815

1.502.506

 

Current result - profit

2.029.770

0

127.812

1.229.137

 

Current result - loss

0

2.640.502

0

0

 

Extraordinary profit

0

0

0

0

 

Extraordinary loss

0

0

0

0

 

Profit before taxation

2.029.770

0

127.812

1.229.137

 

Loss before taxation

0

2.640.502

0

0

 

Profit after taxation

1.691.551

0

51.546

959.730

 

Loss after taxation

0

2.655.169

0

0

 

Profit tax

338.219

 

76.266

 

 

 

 

Approximate Exchange Rates:

2010: 4,2099 RON = 1 EUR
2009: 4,2373 RON = 1 EUR
2008: 3,6827 RON = 1 EUR
2007: 3,332 RON = 1 EUR
2006: 3,5245 RON = 1 EUR
2009: 3,0493 RON = 1 USD
2008: 2,5189 RON = 1 USD
2007: 2,4383 RON = 1 USD
2006: 2,809 RON = 1 USD

 

 

 

Financial Comments:

Source of 2010 financial statements: the subject company.

Effectively from July 1st 2005, the Romanian currency was redenominated so that 10,000 old lei(ROL) will be exchanged for 1 new leu (RON).
The financial statements of the companies will be published in new currency RON starting with 31.12.2005.
All financials for previous years displayed in the report were converted from ROL to RON.

 

 

 

Bankers:

BANCA COMERCIALA ROMANA BUCURESTI SA SUCURSALA ODORHEIU SECUIESC - Account no. RO91RNCB2920000000040001 RON
535600 Odorheiu Secuiesc, Jud. Harghita, Piata Libertatii 15

BANCA ROMANA PENTRU DEZVOLTARE SA BUCURESTI FILIALA ODORHEIU SECUIESC - Account no. RO26BRDE210SV01300752100 RON
4150 ODORHEIUL SECUIESC, KOSSUTH LAJOS 1

BANC-POST SA BUCURESTI FILIALA ODORHEIU SECUIESC
4150 ODORHEIUL SECUIESC, RAKOCZI FERENC 1-1-3

OTP BANK
Odorheiu Secuiesc,Jud.Harghita, Kossuth Lajos 20

RAIFFEISEN BANK
Sucursala Odorheiu Secuiesc

 

 

 

Ratios:

 

 

 

 

 

Industry average

 

2010

2009

2008

2007

 

2010

2009

2008

2007

Debt Ratio
(Short-term liabilities + Long-term liabilities) / Total Assets

0,73

0,76

0,78

0,78

 

 

 

 

0,82

Quick ratio
(Current assets - Inventory)/Current liabilities

0,80

0,67

0,63

0,66

 

 

 

 

0,46

Current ratio ( CR )
Current assets / Current liabilities

1,17

1,09

1,12

1,00

 

 

 

 

0,82

Leverage
Long Term Liabilities / Total Equity

0,60

0,82

0,69

0,37

 

 

 

 

0,14

Return on sales ( ROS )
Net profit / Turnover

0,03

0

0,00

0,01

 

 

 

 

0,07

Return on assets ( ROA )
Net profit / Total assets

0,04

0

0,00

0,02

 

 

 

 

0,10

Return on equity ( ROE )
Net profit / Shareholder equity

0,16

0

0,00

0,09

 

 

 

 

0,23

Operating margin, in %
Operating result / Sales

6,54

0,38

4,65

4,05

 

 

 

 

 

Days supply in inventory
(Inventory / Turnover) * No. of days in period

60,02

70,80

81,52

61,90

 

 

 

 

64,49

Days sales in receivables
(Receivables / Turnover) * No. of days in period

129,44

105,18

104,01

113,99

 

 

 

 

56,91

Days purchase in payables
(Current Liabilities / Turnover) * No. of days in period

166,26

168,86

168,44

177,82

 

 

 

 

138,11

Sales to Total Assets
Sales / Total assets

1,26

1,22

1,37

1,43

 

 

 

 

4,97

Operating result / Total assets
Operating result / Total assets

0,08

0,00

0,06

0,06

 

 

 

 

 

Cash ratio
Cash / Current liabilities

0,03

0,05

0,02

0,01

 

 

 

 

 

Equity as % of total assets
(Equity capital / Total Assets) * 100

26,74

23,79

21,69

22,08

 

 

 

 

 

Fixed assets as % of total assets
(Fixed assests / Total assets) * 100

32,76

37,55

28,71

29,55

 

 

 

 

 

Receivables as % of current assets
(Receivables / Current assets) * 100

66,79

57,25

55,19

63,86

 

 

 

 

 

Net working capital
Current assets - Short-term liabilities

RON 3.715.423,00

RON 1.737.014,00

RON 3.809.347,00

RON 124.242,00

 

 

 

 

 


Industry average values are listed for the NACE branch: 45 - Wholesale and retail trade and repair of motor vehicles and motorcycles


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.17

UK Pound

1

Rs.73.72

Euro

1

Rs.64.26

 

 

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

----

NB

New Business

----

 

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.