MIRA INFORM REPORT

 

 

Report Date :           

14.11.2011

 

IDENTIFICATION DETAILS

 

Name :

IN PRES BG

 

 

Registered Office :

Ul. Vasil Drumev № 36, 1505 Sofiya

 

 

Country :

Bulgaria

 

 

Financials (as on) :

2010

 

 

Year of Establishment :

2001

 

 

Com. Reg. No.:

No. 4131

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Market research and public opinion polling

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Bulgaria

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


COMPANY REPORTED    

 

 

 

IN PRES BG
International Name: INPRES 2001


Principal Address:
ul. VASIL DRUMEV № 36
SOFIYA
Bulgaria
Telephone: +359-442171

Registered office:
ul. VASIL DRUMEV № 36
1505 SOFIYA
Bulgaria
Telephone: +359-(2) 442171

 

ICON number: 47590490
National ID: 130521985
VAT number: BG130521985

 

Registration status: 2001 - registered company
Activity status: 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 0,00

 

 

 

 

Payment Practices:

Payments are made mostly according to terms

 

 

Further Rating Information:

Researched company is categorized as a small company.
The company generated a turnover of BGN 471.000 in the year 2010.
Fixed assets decreased by BGN 76.000 and now 42,60% of total assets.

Positive Cash flow from results of BGN 59.000, in the last period the value was negative.
Analysis of last available financials shows a bad financial structure. Business relations on credit basis without additional securities are not recommended.

 

 

Debt Collection

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

 

 

                                                                               


COMPANY DETAILS   

 

 

 

Established:

2001

 

 

Registration:

No. 4131
2001
Cofiyski gradski sad, Bulgaria

 

 

Legal Form:

joint stock company

 

 

Capital:

Nominal capital:

 

BGN 75.000,00

Number of Ordinary shares:

750

 

Value per share of Ordinary shares:

BGN 100,00

 

 

 

Shareholders:

Full Name

Function

Address

Equity capital

KRASIMIR SVETOSLAVOV DONOV

Shareholder

 

80,04%

GRUPA FIZICHESKI LITSA

Shareholder

 

19,96%

 

 

Management:

Full Name

Function

Address

KRASIMIR SVETOSLAVOV DONOV

Chairman of the executive board

 

DANIELA SIMEONOVA DASKALOVA

Member of the executive board

 

PAVEL TSVETANOV MILEV

Member of the executive board

 

 

 

Person functions in other companies:

Function

Company

Other known functions of  DONOV KRASIMIR SVETOSLAVOV

Proprietor

EK - KRASIMIR DONOV (BG)
National ID: 106035112

Managing director

EK - KRASIMIR DONOV (BG)
National ID: 106035112

Partner

VAZRAJDANE 2000 (BG)
National ID: 106515022

Other known functions of  MILEV PAVEL TSVETANOV

Managing director

TEMPOGRAF-OOD (BG)
National ID: 831271961

Partner

TEMPOGRAF-OOD (BG)
National ID: 831271961

Other known functions of  DASKALOVA DANIELA SIMEONOVA

Proprietor

ELEGANT STIL - DANIELA DASKALOVA (BG)
National ID: 121805552

Managing director

ELEGANT STIL - DANIELA DASKALOVA (BG)
National ID: 121805552

 

Related Companies:

TEMPOGRAF OOD, EIK: 831271961
DANIELA-ELEGANT STIL EOOD, EIK: 175102123

 

 

                                                                               


KEY DATA ON OPERATIONS      

 

 

 

Subject of Operation:

NACE
  main activity:
  7320 Market research and public opinion polling

  4619 Agents involved in the sale of a variety of goods

NACE codes given are based on the most recent NACE Revision 2.

The company is active in the Coface sector 'Business and personal services'.

 

 

Key Data:

Amounts shown in Bulgarian Lev (BGN)

 

2010

2009

2007

2006

Turnover

471.000

99.000

0

48.000

Fixed assets

380.000

456.000

456.000

224.000

Equity capital

-229.000

-247.000

-71.000

-22.000

Liabilities

1.121.000

862.000

856.000

504.000

Profit after taxation

18.000

0

0

0

Loss after taxation

0

89.000

49.000

61.000

 

 

 

 

 

 

Industry average

 

2010

2009

2007

2006

 

2010

2009

2007

2006

ROA (%)

-

-

0

0

 

 

12,67

 

9,93

ROE (%)

-7,86

0

0

0

 

 

32,77

 

0,25


Industry average values are listed for the NACE branch: M - Professional, scientific and technical activities

 

 

Workforce:

 

2010

2009

Total workforce

3

2

 

 

                                                                               

FINANCIAL INFORMATION   

 

 

 

Financials:

Amounts shown in Bulgarian Lev (BGN)  

2010

2009

2007

2006

 



BALANCE SHEET

 

Unpaid issued capital

 

 

0,00

0,00

 

FIXED ASSETS

380.000,00

456.000,00

456.000,00

224.000,00

 

Tangible fixed assets

380.000,00

456.000,00

456.000,00

222.000,00

 

Intangible assets

0,00

0,00

0,00

0,00

 

Long-term investments

0,00

0,00

0,00

0,00

 

Goodwill

0,00

0,00

0,00

2.000,00

 

Prepaid expenses, deferred income, similar accounts

0,00

0,00

0,00

0,00

 

CURRENT ASSETS

512.000,00

159.000,00

328.000,00

255.000,00

 

Inventory

250.000,00

80.000,00

218.000,00

221.000,00

 

Short-term receivables

52.000,00

3.000,00

107.000,00

3.000,00

 

Own shares, partnership shares, shares bought for resale

 

 

0,00

0,00

 

Liquid assets

210.000,00

76.000,00

3.000,00

31.000,00

 

PREPAID EXPENSES

0,00

0,00

1.000,00

3.000,00

 

TOTAL ASSETS

892.000,00

615.000,00

785.000,00

482.000,00

 

Equity capital

-229.000,00

-247.000,00

-71.000,00

-22.000,00

 

Subscribed and paid capital

61.000,00

61.000,00

61.000,00

61.000,00

 

Reserves

0,00

0,00

0,00

0,00

 

Profit or loss carried forward

-308.000,00

-219.000,00

-83.000,00

-22.000,00

 

Profit of the year

18.000,00

0,00

0,00

0,00

 

Loss of the year

0,00

-89.000,00

-49.000,00

-61.000,00

 

Long-term liabilities

402.000,00

434.000,00

317.000,00

0,00

 

Short-term liabilities

719.000,00

428.000,00

539.000,00

504.000,00

 



PROFIT AND LOSS

 

Total operating expenses

457.000,00

205.000,00

53.000,00

109.000,00

 

Expenses on financial transactions (financial expenditures)

99.000,00

115.000,00

28.000,00

11.000,00

 

Extraordinary expenses

0,00

0,00

0,00

0,00

 

Profit before taxation

18.000,00

0,00

0,00

0,00

 

Taxes,duties and similar expenses

0,00

0,00

0,00

0,00

 

Profit after taxation

18.000,00

0,00

0,00

0,00

 

Total operating income

475.000,00

116.000,00

4.000,00

48.000,00

 

Income from financial transactions (financial income)

0,00

0,00

4.000,00

0,00

 

Extraordinary income (extraordinary benefit)

0,00

0,00

0,00

0,00

 

Loss after taxation

0,00

89.000,00

49.000,00

61.000,00



 

 

Approximate Exchange Rates:

2009: 1,955 BGN = 1 EUR
2008: 1,955 BGN = 1 EUR
2007: 1,955 BGN = 1 EUR
2006: 1,955 BGN = 1 EUR

 

 

Ratios:

 

 

 

 

 

Industry average

 

2010

2009

2007

2006

 

2010

2009

2007

2006

Net working capital
Current assets - Short-term liabilities

BGN -207.000,00

BGN -269.000,00

BGN -211.000,00

BGN -249.000,00

 

 

BGN 464.041.250

 

BGN 1.307.258.000

Acid ratio

0,29

0,18

0,01

0,06

 

 

0,73

 

0,44

Quick ratio
(Current assets - Inventory)/Current liabilities

0,36

0,18

0,20

0,07

 

 

1,61

 

1,14

Current ratio

0,71

0,37

0,61

0,51

 

 

1,75

 

1,28

Equity ratio
Equity Capital / Total Assets

-0,26

-0,40

-0,09

-0,05

 

 

0,44

 

0,40

Equity to debt ratio

-0,20

-0,29

-0,08

-0,04

 

 

1,11

 

0,67

Debt/Equity

-4,90

-3,49

-12,06

-22,91

 

 

2,01

 

1,48

Gearing ratio 1 (Net Debt to Capital)

-4,90

-3,49

-12,06

-22,91

 

 

6,27

 

1,47

Gearing ratio 2 (Bank Loans to Capital)

-

-

-

0

 

 

0,96

 

0,09

Gearing ratio 3 (Intercompany Loans to Capital)

-

-

-

0

 

 

0,66

 

0,30

Total Liabilities/Total Assets

1,26

1,40

1,09

1,05

 

 

0,54

 

0,60

ROA (%)

-

-

0

0

 

 

12,67

 

9,93

ROI (%)

-

-

0

0

 

 

32,71

 

0,25

ROE (%)

-7,86

0

0

0

 

 

32,77

 

0,25

EBIT Margin (%)

-

-

-

22,92

 

 

20,52

 

20,33

Gross Margin (%)

3,82

0

-

0

 

 

24,07

 

7,81

Operating Profit Margin (%)

-

-

-

0

 

 

24,04

 

20,06

Inventory/Turnover

0,53

0,81

-

4,60

 

 

0,09

 

0,11

Work in Process/Turnover

-

-

-

0

 

 

0,08

 

 

Finished Goods/Turnover

-

-

-

3,46

 

 

0,01

 

 

Net Sales/Total Assets

0,53

0,16

0

0,10

 

 

0,69

 

0,63

Net Sales/Working Capital

-2,28

-0,37

0

-0,19

 

 

49,20

 

4,66

Net Sales/Equity

-2,06

-0,40

0

-2,18

 

 

2,51

 

1,90

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

39,75

10,91

-

22,50

 

 

211,44

 

 


Industry average values are listed for the NACE branch: M - Professional, scientific and technical activities

 

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.28

UK Pound

1

Rs.80.08

Euro

1

Rs.68.45

 

 

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.