MIRA INFORM REPORT
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Report Date : |
03.10.2011 |
IDENTIFICATION DETAILS
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Name : |
MONUS D.O.O. |
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Registered Office : |
Aleksandra Dubceka 14, RS 11080 Beograd - Zemun |
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Country : |
Serbia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.10.1993 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of tobacco products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 1,000,000 |
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Status : |
Good |
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Payment
Behaviour : |
Usually Correct |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Serbia |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
MONUS D.O.O.
MONUS PREDUZECE ZA PROIZVODNJU,
SPOLJNU I UNUTRASNJU TRGOVINU I
USLUGE DOO BEOGRAD ZEMUN
Aleksandra Dubceka 14
RS 11080 Beograd - Zemun
Tel: +381
11/3160469, 3778174, 3778180, 3778198, 3778205
Fax: +381
11/3160476, 3778151
E-Mail: office@monus.rs
Web: www.monus.rs
Company summary
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Legal form |
Ltd. - Limited Liability company |
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Established |
07.10.1993 |
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Registered |
National Identification Number: 6921493 PIB (Value Added Tax): 100002194 Serbian Business Registers Agency Nr. 23983 |
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Establisher |
TOBACCO IMPULS (NIN: 20211407) Beograd (Zemun), Serbia |
100.00% |
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Basic capital |
RSD 50,491,000 (31.12.2010) |
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Management |
Zivojin Zorkic, Director, born 09.05.1963 |
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Activity |
Basic activity (according to National
activity classification): Activities auxiliary to financial
intermediation n.e.c. Other wholesale |
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Import from: Brazil, Greece |
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Business Premises |
Registered Address: Aleksandra Dubceka 14, Beograd - Zemun |
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Motor pool |
Data not available |
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Staff |
2010 |
191 employees |
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2009 |
208 employees |
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2008 |
228 employees |
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2007 |
276 employees |
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2006 |
223 employees |
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2005 |
120 employees |
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2004 |
67 employees |
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2003 |
47 employees |
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2002 |
3 employees |
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2001 |
1 employees |
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Sale |
2010 sale |
RSD |
3,288,561,000 |
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2009 sale |
RSD |
2,036,670,000 |
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2008 sale |
RSD |
1,752,065,000 |
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2007 sale |
RSD |
1,962,352,000 |
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2006 sale |
RSD |
3,573,089,000 |
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2005 sale |
RSD |
908,621,000 |
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2004 sale |
RSD |
717,068,000 |
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2003 sale |
RSD |
804,709,000 |
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2002 sale |
RSD |
704,775,000 |
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2001 sale |
RSD |
25,258,000 |
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Real estate |
Data not available |
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Balance Sheet |
RSD (x 1,000) |
31.12.2010 |
31.12.2009 |
31.12.2008 |
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FIXED ASSETS |
4,777,220 |
4,953,371 |
5,297,662 |
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Subscribed capital unpaid |
0 |
0 |
0 |
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Intangible fixed assets |
3,408,810 |
3,406,396 |
3,403,662 |
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Tangible fixed assets |
621,320 |
644,588 |
684,170 |
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Other fixed assets |
747,090 |
902,387 |
1,209,830 |
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CURRENT ASSETS |
6,681,518 |
3,049,261 |
2,693,477 |
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Inventories |
945,449 |
774,499 |
1,118,028 |
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Short – term loans |
5,712,140 |
2,265,361 |
1,564,563 |
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*Cash and cash equivalent |
1,493 |
33,851 |
29,764 |
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Other current assets |
23,929 |
9,401 |
10,886 |
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LOSS |
0 |
0 |
0 |
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TOTAL ASSETS |
11,458,738 |
8,002,632 |
7,991,139 |
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EQUITY |
3,322,181 |
3,438,671 |
3,727,055 |
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Capital |
50,491 |
50,491 |
50,538 |
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Subscribed capital unpaid |
0 |
0 |
0 |
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Reserves |
11,649 |
11,649 |
11,649 |
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Revalorization reserves |
3,376,377 |
3,376,377 |
3,376,377 |
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Undistributed Income |
391,207 |
351,581 |
288,491 |
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Loss |
0 |
0 |
0 |
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Treasury shares |
0 |
0 |
0 |
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LONG TERM RESERVATIONS |
0 |
0 |
0 |
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LONG TERM LIABILITIES |
1,556,483 |
1,384,039 |
1,681,427 |
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SHORT TERM LIABILITIES |
6,580,074 |
3,179,922 |
2,582,657 |
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OTHER LIABILITIES |
0 |
0 |
0 |
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TOTAL LIABILITIES |
11,458,738 |
8,002,632 |
7,991,139 |
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Profit And Loss Account |
RSD (x 1,000) |
31.12.2010 |
31.12.2009 |
31.12.2008 |
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OPERATING SALES |
3,250,634 |
1,940,512 |
1,591,431 |
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Sales of goods |
2,836,820 |
2,014,566 |
1,547,319 |
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OPERATING EXPENSES |
2,905,048 |
1,668,480 |
1,475,350 |
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Costs of goods sold |
7,369 |
2,816 |
2,632 |
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Raw materials costs |
2,013,045 |
849,874 |
698,152 |
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Salaries,
wages and other personal indemnities |
178,485 |
190,027 |
205,061 |
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Deprecation and provision
costs |
38,701 |
38,699 |
39,096 |
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Other operating expenses |
667,448 |
587,064 |
530,409 |
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FINANCIAL SALES |
22,883 |
93,146 |
157,894 |
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FINANCIAL EXPENSES |
171,812 |
201,867 |
148,386 |
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Financial P/L |
(148,929) |
(108,721) |
9,508 |
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EXTRAORDINARY SALES |
n/a |
n/a |
n/a |
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EXTRAORDINARY EXPENSES |
n/a |
n/a |
n/a |
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Extraordinary P/L |
n/a |
n/a |
n/a |
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OTHER SALES |
15,044 |
3,012 |
2,740 |
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OTHER EXPENSES |
102,761 |
86,130 |
52,771 |
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Other P/L |
(87,717) |
(83,118) |
(50,031) |
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Profit from regular business
operations before tax |
108,940 |
80,193 |
75,558 |
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Loss from regular business
operations before tax |
0 |
0 |
0 |
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Net profit of businesses to be ceased |
0 |
0 |
0 |
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Net loss of businesses to be ceased |
0 |
0 |
243 |
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Profit before taxation |
108,940 |
80,193 |
75,315 |
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Loss before taxation |
0 |
0 |
0 |
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Taxation on profit |
(7,146) |
4,752 |
4,932 |
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Personal indemnities paid to
employer |
0 |
0 |
0 |
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TOTAL SALES |
3,288,561 |
2,036,670 |
1,752,065 |
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TOTAL EXPENSES |
3,179,621 |
1,956,477 |
1,676,507 |
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PROFIT OF THE PERIOD |
116,086 |
75,441 |
70,383 |
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LOSS OF THE PERIOD |
0 |
0 |
0 |
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Number of employees |
191 |
208 |
228 |
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Ratios |
RSD (x 1,000) |
31.12.2010 |
31.12.2009 |
31.12.2008 |
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Financial stability ratio |
0.85 |
0.84 |
0.84 |
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Equity ratio % |
28.99 |
42.97 |
46.64 |
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Debt to equity (Worth) |
2.45 |
1.33 |
1.14 |
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Liquidity ratio |
0.87 |
0.71 |
0.61 |
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Current ratio |
1.02 |
0.96 |
1.04 |
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Total assets turnover |
0.28 |
0.24 |
0.20 |
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Average collection period in days |
641 |
426 |
359 |
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Profit margin % |
3.57 |
3.89 |
4.42 |
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Return on total assets % |
1.01 |
0.94 |
0.88 |
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Return on equity % |
3.49 |
2.19 |
1.89 |
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Total assets per employee (ths.) |
59,993.39 |
38,474.19 |
35,048.86 |
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Equity per employee (ths) |
17,393.62 |
16,532.07 |
16,346.73 |
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Total sale per employee (ths.) |
17,019.03 |
9,329.38 |
6,979.96 |
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Inventories turnover |
3.44 |
2.51 |
1.42 |
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Profit per employee (ths.) |
607.78 |
362.70 |
308.70 |
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Loss per employee (ths.) |
0.00 |
0.00 |
0.00 |
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Average net to salaries (ths.) |
77.87 |
76.13 |
74.95 |
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Cash Flow Report |
RSD (x 1,000) |
31.12.2009 |
31.12.2008 |
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CASH FLOWS FROM OPERATING ACTIVITIES |
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Cash inflows from operating activities |
5,422,664 |
5,444,315 |
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Cash outflows from operating
activities |
4,810,235 |
5,726,978 |
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Net cash inflows from
operating activities |
612,429 |
0 |
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Net cash outflows from
operating activities |
0 |
282,663 |
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CASH FLOWS FROM INVESTING ACTIVITIES |
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Cash flows from investing
activities |
67,612 |
166,646 |
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Cash outflows from investing activities |
43,985 |
31,209 |
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Net cash inflows from
investing activities |
23,627 |
135,437 |
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Net cash outflows from
investing activities |
0 |
0 |
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CASH FLOWS FROM FINANCING ACTIVITIES |
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Cash inflows from financing activities
|
47,060 |
304,207 |
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Cash outflows from financing
activities |
652,841 |
181,575 |
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Net cash inflow from financing activities |
0 |
122,632 |
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Net cash outflow from financing activities |
605,781 |
0 |
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GROSS INFLOWS IN CASH |
5,537,336 |
5,915,168 |
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GROSS OUTFLOWS IN CASH |
5,507,061 |
5,939,762 |
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NET INFLOW IN CASH |
30,275 |
0 |
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NET OUTFLOW IN CASH |
0 |
24,594 |
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CASH AT THE BEGINNING OF THE PERIOD |
29,764 |
59,484 |
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POSITIVE EFFECT ON EXCHANGE RATE CHANGES |
9,652 |
1,142 |
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NEGATIVE EFFECT ON EXCHANGE RATE CHANGES |
35,840 |
6,268 |
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CASH AT THE END OF THE PERIOD |
33,851 |
29,764 |
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Corporate structure |
Rep. Offices in Serbia: none Rep. Offices abroad: none
BRAMODEX TRADE, Beograd (Zemun), Serbia (NIN:20553642) (100.00% owned
by TOBACCO IMPULS)
ALBUS, Novi Sad, Serbia (NIN:8196508) (23.76%) RATAR, Pancevo, Serbia (NIN:8006059) (25.16%) MEDELA, Vrbas, Serbia (NIN:8155950) (21.16%) BACKA AGROINVESTMENT, Beograd (Zemun), Serbia (NIN:20133287) (100.00%) MONUS DISTRIBUCIJA, Beograd
(grad), Serbia (NIN:20288159) (100.00%)
TOBACCO IMPULS, Beograd
(Zemun), Serbia: (NIN:20211407):
100.00%
RATAR, Pancevo, Serbia (NIN:8006059), Member of Managing Board STARI GRAD, Beograd (Stari Grad), Serbia (NIN:7008775), Member of
Managing Board DUNAV, Pancevo, Serbia (NIN:8071276), Member of Managing Board MONUS DISTRIBUCIJA, Beograd (grad), Serbia (NIN:20288159), Director BACKA AGROINVESTMENT, Beograd (Zemun), Serbia (NIN:20133287), Director SUNCE, Sombor, Serbia (NIN:8067899), Member of Managing Board RUBIN, Krusevac, Serbia (NIN:7154429), Member of Managing Board PEKARSKA INDUSTRIJA, Pancevo, Serbia (NIN:8006083), Member of Managing
Board TRIVIT MLIN, Vrbas, Serbia (NIN:8284458), Member of Managing Board ALBUS, Novi Sad, Serbia (NIN:8196508), Member of Managing Board MEDELA, Vrbas, Serbia (NIN:8155950), President of Managing Board VITAL, Vrbas, Serbia (NIN:8065721), Member of Managing Board MILAN BLAGOJEVIC, Smederevo, Serbia (NIN:7342756), Member of Managing
Board INVEJ, Beograd (Zemun), Serbia (NIN:6731678), Member of Managing Board VRBAS, Beograd (Zemun),
Serbia (NIN:8063796), General Director |
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Other info |
Short company name: MONUS DOO BEOGRAD ZEMUN (MONUS Ltd. BEOGRAD ZEMUN) |
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Former registered addresses: Studentska 9, BEOGRAD - ZEMUN Goce Delceva 42/I, NOVI BEOGRAD Tvornicka 3, BEOGRAD - ZEMUN |
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Exchange rate |
31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006 31.12.2005 31.12.2004 31.12.2003 31.12.2002 31.12.2001 |
EUR 1 = RSD 105.50 EUR 1 = RSD 95.70 EUR 1 = RSD 88.60 EUR 1 = RSD 79.24 EUR 1 = RSD 80.00 EUR 1 = RSD 85.94 EUR 1 = RSD 78.89 EUR 1 = RSD 68.31 EUR 1 = RSD 61.52 EUR 1 = RSD 59.71 |
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Inflation |
2007: 2006: 2005: 2004: 2003: |
10.10% 12.70% 16.50% 10.10% 11.70% |
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Bankers |
UNIVERZAL BANKA A.D. Beograd Francuska 29 290-11423-18 |
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KOMERCIJALNA BANKA A.D. Beograd Svetog Save 14 205-61315-55 |
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NLB BANKA A.D. Novi Beograd Bulevar Mihajla Pupina 165v, Novi Beograd 310-160670-2 |
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AIK BANKA A.D. Nis Nikole Pasica 42 105-4425-43 |
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BANCA INTESA A.D. Beograd Milentija Popovica 7 b 160-6549-23 |
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HYPO ALPE-ADRIA-BANK A.D. Belgrade Bulevar Mihajla Pupina 6 165-1756-15 |
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UNICREDIT BANK SRBIJA A.D. Beograd Rajiceva 27-29 170-30003185000-43 |
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ALPHA BANK SRBIJA A.D. Beograd Kralja Milana 11 180-1181210004959-87 |
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VOJVODJANSKA BANKA A.D. Novi Sad Trg Slobode 7 355-1049269-68 |
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OTP BANKA SRBIJA A.D. Novi Sad Bulevar oslobodjenja 80 325-9500900013987-40 |
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SRPSKA BANKA A.D. Beograd Savska 25 295-1240474-95 |
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RAZVOJNA BANKA VOJVODINE A.D. Novi Sad Bulevar Cara Lazara 7a 335-22698-58 |
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No unsettled liability was registered during last 12 months. |
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Debt collection |
Case Registered: |
- |
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Case Status: |
There is no record of any debt collection action. |
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Mode
of payment |
No complaints,
but occasional delays |
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Credit
opinion |
Business
connections are permissible |
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Max. Credit |
EUR 1,000,000 |
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Note |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.93 |
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UK Pound |
1 |
Rs.76.52 |
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Euro |
1 |
Rs.66.65 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.