MIRA INFORM REPORT

 

 

Report Date :           

08.10.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

ECCO SLOVAKIA, A.S. 

 

 

Registered Office :

ul. Dúbravca 6103/6, 036 01 Martin

 

 

Country :

Slovakia

 

 

Financials (as on) :

2010

 

 

Date of Incorporation :

12.05.1998

 

 

Com. Reg. No.:

No. 10203/L 

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture of footwear

 

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 2.000.000,00

Status :

Good

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)

Slovakia

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


                                               

COMPANY REPORTED    

 

 

 

ECCO SLOVAKIA, A.S. 

Principal Address:
ul. Dúbravca 6103/6
036 01 Martin
Slovakia
Telephone:                 +421-43-4217090-1, +421-43-4217000, +421-43-4305000, +421-43-4238847
Fax:                            +421-43-4217690
Email:                         emn@ecco.com;kra@ecco.com
Web:                           www.ecco.com

Registered office:
ul. Dúbravca 6103/6
036 01 Martin
Slovakia

 

ICON number: 1094040 
National ID:
 35745916 
International VAT number: SK2020271033
 
VAT number: SK2020271033

 

Registration status: 12.05.1998 - registered company
Activity status: 12.05.1998 - 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 2.000.000,00

 

 

 

 

Payment Practices:

Payments are made mostly according to terms

 

 

Further Rating Information:

Researched company is categorized as a big company.
Turnover volume of EUR 66.273.979 in the year 2010 increased by 57,56% compared with 2009. In the previous period this change was -43,40%.
Fixed assets increased by EUR 899.864 and are 39,34% of total assets.
Working capital of EUR 5.835.259 increased for 10,70% compared with the last period.
Cash flow from results of EUR 5.157.721 increased by 178,90% compared with last year result.

 

 

Debt Collection:

There is no record of any debt collection action by Coface Slovakia Credit Management Services s.r.o. against this company exceeding a single case volume of EUR 500.

 


                                               

COMPANY DETAILS   

 

 

 

Established:

30.03.1998

 

 

Registration:

No. 10203/L 
12.05.1998
 
Žilina, Slovakia

 

 

Legal Form:

12.05.1998
joint stock company

 

 

History:

12.05.1998 - Ecco Slovak a.s. 
21.01.1999 - Ecco Slovakia a.s.
 
08.10.2003 - ECCO Slovakia, a.s.

 

 

Capital:

Nominal capital:

 

EUR 7.634.620,00

since 22.07.2009

 

 

Shareholders:

Full Name

Function

Address

Equity capital

ECCO SKO A/S
Registration: Denmark

Shareholder

Industrivej 5
6261 Bredebro
Denmark

100,00%

 

 

Management:

Full Name

Function

Address

Ing. SALAJKA Jindřich

Chairman of the executive board

Veterná 21
Martin
Slovakia

KURHAJCOVÁ Silvia

Member of the executive board

Nábrežná 3467/8
036 01 Vrútky
Slovakia

RATVEISKÁ Katarína

Member of the executive board

51
038 41 Košťany nad Turcom
Slovakia

CLEMMENSEN Gerd Rahbek

Member of the supervisory board

Tvedvej 71, 3.th
Kolding
Denmark

KASPRZAK Dieter

Member of the supervisory board

Simmerstedvej 206
Haderslev
Denmark

MEIER Jens Christian

Member of the supervisory board

Skolegade 38,lejl.29
Ribe
Denmark

 

 

Legal Representation:

If more than one member of the executive board is nominated, the firm is represented by two members of the executive board jointly or by one of them together with a joint signing clerk.

 

 

                                                                                                                                                                                                                                                                                                                              


KEY DATA ON OPERATIONS      

 

 

Subject of Operation:

NACE
  main activity:
  1520 Manufacture of footwear

  4772 Retail sale of footwear and leather goods in specialised stores
  4642 Wholesale of clothing and footwear
  1510 Tanning and dressing of leather; manufacture of luggage, handbags, saddlery and harness; dressing

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

 

 

Company Development:

200: Positive business development

 


 

 

Key Data: 

Amounts shown in Euro (EUR)

 

2010

2009

2008

2007

Turnover

66.273.979

42.061.579

74.312.023

100.603.134

Non-current assets

12.778.095

11.878.231

13.389.000

17.406.725

Equity

14.559.612

11.098.435

11.097.092

10.223.362

Sum of Liabilities

17.918.871

21.794.584

16.482.507

27.380.336

Profit for accounting period

3.561.177

101.338

1.139.946

827.358

Operating result - profit (before tax)

4.924.770

673.226

0

0

Operating result - loss (before tax)

0

0

1.326.263

901.447

 

 

Workforce:

 

2010

2009

2008

2007

Total workforce

500 - 999 (approximately)

500 - 999 (approximately)

500 - 999 (approximately)

1.165

 

 

Motor Vehicles:

 

2007

Number of cars

owned: 15

Total number of vehicles

15

 

 

Imports:

2007

2002

2001

Indonesia, China, India, Italy, Denmark

Europe

Europe

 

 

Exports:

2007

2002

2001

2000

Denmark

Europe: EUR 56.699.562

Europe: EUR 52.511.850

Europe

 

 

Major Customers:

ECCO Sko A/S - Dánsko

 

 

Major Suppliers:

PT. Ecco Indonesia - ID, ECCO Xiamen - CN, Althaf Shoes - IN, Delta Shoes - IN, Elastogran - IT, Vibram - IT, ECCO Sko - DK.

 

 

Real Estate:

Production premises
Address:
 
ul. Dúbravca 6103/6
036 01 Martin
Slovakia

 

                                                                                                                                                                                                                                                                                                                              

 

FINANCIAL INFORMATION

 

 

Financials: 

Amounts shown in Euro (EUR) 

2010

2009

2008

2007

 



BALANCE SHEET

 

ASSETS

 

TOTAL ASSETS

32.478.483,00

32.894.485,00

27.579.599,00

37.603.698,00

A. 

NON-CURRENT ASSETS

12.778.095,00

11.878.231,00

13.389.000,00

17.406.725,00

I. 

Intangible fixed assets

4.138,00

5.321,00

1.792,00

3.718,00

1. 

Incorporation expenses

0,00

0,00

0,00

0,00

2. 

Research and development costs

0,00

0,00

0,00

0,00

3. 

Software

4.138,00

0,00

1.792,00

3.718,00

4. 

Valuable rights

0,00

0,00

0,00

0,00

5. 

Goodwill

0,00

0,00

0,00

0,00

6. 

Other intangible fixed assets

0,00

0,00

0,00

0,00

7. 

Intangible fixed assets in acquisition

0,00

5.321,00

0,00

0,00

8. 

Advance payments for intangible fixed assets

0,00

0,00

0,00

0,00

II. 

Tangible fixed assets

12.773.957,00

11.872.910,00

13.387.207,00

17.403.007,00

1. 

Land

2.821,00

2.821,00

2.821,00

2.821,00

2. 

Structures

9.625.491,00

10.080.954,00

10.917.248,00

11.739.793,00

3. 

Separate movable assets and sets of moveables

1.287.118,00

1.691.824,00

2.441.446,00

5.638.452,00

4. 

Natural agricultural assets

0,00

0,00

0,00

0,00

5. 

Livestock and draught animals

0,00

0,00

0,00

0,00

6. 

Other tangible fixed assets

0,00

0,00

0,00

0,00

7. 

Tangible fixed assets in acquisition

1.846.844,00

97.311,00

25.692,00

21.941,00

8. 

Advance payments for tangible fixed assets

11.683,00

0,00

0,00

0,00

9. 

Correction item to acquired assets

0,00

0,00

0,00

0,00

III. 

Long-term financial investments

0,00

0,00

0,00

0,00

1. 

Shares and ownership interests in subsidiaries

0,00

0,00

0,00

0,00

2. 

Shares and ownership interests in associates

0,00

0,00

0,00

0,00

3. 

Other long-term securities and ownership interests

0,00

0,00

0,00

0,00

4. 

Loans to entities in consolidation field

0,00

0,00

0,00

0,00

5. 

Other long-term financial assets

0,00

0,00

0,00

0,00

6. 

Loans due in one year

0,00

0,00

0,00

0,00

7. 

Long-term financial assets in acquisition

0,00

0,00

0,00

0,00

8. 

Advance payments for long-term financial assets

0,00

0,00

0,00

0,00

B. 

CURRENT ASSETS

19.589.448,00

20.840.416,00

14.108.212,00

20.070.437,00

I. 

Inventory

12.141.586,00

11.180.041,00

4.556.562,00

7.891.622,00

1. 

Material

6.850.902,00

4.269.590,00

4.321.052,00

6.495.386,00

2. 

Work-in-progress and own semi-finished products

46.316,00

39.512,00

52.612,00

462.424,00

3. 

Construction contracts with anticipated expiry period exceeding one year

0,00

0,00

0,00

0,00

4. 

Finished products

5.244.368,00

6.870.939,00

182.898,00

933.811,00

5. 

Livestock

0,00

0,00

0,00

0,00

6. 

Merchandise

0,00

0,00

0,00

0,00

7. 

Advance payments for inventory

0,00

0,00

0,00

0,00

II. 

Long-term receivables

0,00

0,00

0,00

0,00

1. 

Trade receivables

0,00

0,00

0,00

0,00

2. 

Receivables from subsidiaries and controlling entity

0,00

0,00

0,00

0,00

3. 

Other receivables from entities in consolidation field

0,00

0,00

0,00

0,00

4. 

Receivables from partners, members and consortium

0,00

0,00

0,00

0,00

5. 

Other receivables

0,00

0,00

0,00

0,00

6. 

Deferred tax assets

0,00

0,00

0,00

0,00

III. 

Short-term receivables

6.336.525,00

7.468.583,00

4.403.704,00

10.881.465,00

1. 

Trade receivables

5.566.607,00

5.134.343,00

4.380.469,00

10.177.787,00

2. 

Receivables from subsidiaries and controlling entity

0,00

0,00

0,00

0,00

3. 

Other receivables from entities in consolidation field

0,00

0,00

0,00

0,00

4. 

Receivables from partners, members and consortium

0,00

0,00

0,00

0,00

5. 

Social security

0,00

0,00

0,00

0,00

6. 

Tax assets and grants

758.015,00

2.318.797,00

21.842,00

533.791,00

7. 

Other receivables

11.903,00

15.443,00

1.394,00

169.886,00

IV. 

Financial accounts

1.111.337,00

2.191.792,00

5.147.945,00

1.297.351,00

1. 

Cash in hand

7.548,00

5.796,00

5.610,00

8.863,00

2. 

Bank accounts

1.103.789,00

2.185.996,00

51.423.355,00

1.288.488,00

3. 

Bank accounts bound for period exceeding one year

0,00

0,00

0,00

0,00

4. 

Short-term financial assets

0,00

0,00

0,00

0,00

5. 

Short-term financial assets in acquisition

0,00

0,00

0,00

0,00

C. 

ACCRUED AND DEFERRED ITEMS

110.940,00

175.838,00

82.387,00

126.535,00

1. 

Prepaid expenses - long-term

0,00

0,00

 

 

2. 

Prepaid expenses - short-term

110.940,00

154.386,00

82.221,00

126.104,00

3. 

Accrued income - long-term

0,00

0,00

 

 

4. 

Accrued income - shortterm

0,00

21.452,00

166,00

432,00

 



LIABILITIES

 

TOTAL LIABILITIES AND EQUITY

32.478.483,00

32.894.485,00

27.579.599,00

37.603.698,00

A. 

EQUITY

14.559.612,00

11.098.435,00

11.097.092,00

10.223.362,00

I. 

Registered capital

7.634.620,00

7.634.620,00

7.634.601,00

7.634.601,00

1. 

Registered capital (paid)

7.634.620,00

7.634.620,00

7.634.601,00

7.634.601,00

2. 

Treasury stocks and treasury shares

0,00

0,00

0,00

0,00

3. 

Changes in registered capital

0,00

0,00

0,00

0,00

4. 

Amounts receivable for subscribed capital

0,00

0,00

0,00

0,00

II. 

Capital funds

111.010,00

111.010,00

111.000,00

230.930,00

1. 

Share premium

0,00

0,00

0,00

0,00

2. 

Other capital funds

0,00

111.010,00

111.000,00

111.000,00

3. 

Legal reserve fund (Non-distributable fund) from capital contributions

111.010,00

0,00

0,00

0,00

4. 

Asset and liability revaluation reserve

0,00

0,00

0,00

119.930,00

5. 

Financial investments revaluation reserve

0,00

0,00

0,00

0,00

6. 

Revaluation reserve from mergers and separations

0,00

0,00

0,00

0,00

III. 

Funds from profit

1.526.920,00

1.526.920,00

1.526.920,00

1.530.472,00

1. 

Legal reserve fund

1.526.920,00

1.526.920,00

1.526.920,00

1.526.920,00

2. 

Non-distributable fund

0,00

0,00

0,00

0,00

3. 

Statutory and other funds

0,00

0,00

0,00

3.552,00

IV. 

Profit/Loss from prior years

1.725.885,00

1.724.547,00

684.625,00

0,00

1. 

Non-distributed profit from prior years

1.725.885,00

1.724.547,00

684.625,00

0,00

2. 

Accumulated losses from prior years

0,00

0,00

0,00

0,00

V. 

Profit/Loss for current accounting period (after tax)

3.561.177,00

101.338,00

1.139.946,00

827.358,00

B. 

SUM OF LIABILITIES

17.918.871,00

21.794.584,00

16.482.507,00

27.380.336,00

I. 

Provisions

302.212,00

351.019,00

272.854,00

267.443,00

1. 

Legal provisions - long-term

0,00

0,00

0,00

0,00

2. 

Legal provision - short-term

0,00

0,00

 

 

3. 

Other long-term provisions

0,00

0,00

0,00

0,00

4. 

Other current provisions

302.212,00

351.019,00

272.854,00

267.443,00

II. 

Long-term liabilities

4.053.742,00

6.050.876,00

8.056.861,00

11.204.043,00

1. 

Long-term trade liabilities

0,00

0,00

0,00

0,00

2. 

Long-term liabilities unbilled

0,00

0,00

0,00

0,00

3. 

Long-term liabilities to subsidiaries and controlling entity

4.000.000,00

6.000.000,00

8.000.000,00

11.154.153,00

4. 

Other long-term liabilities to entities in consolidation field

0,00

0,00

0,00

0,00

5. 

Long-term advance payments received

0,00

0,00

0,00

0,00

6. 

Long-term bills of exchange to be paid

0,00

0,00

0,00

0,00

7. 

Bonds issued

0,00

0,00

0,00

0,00

8. 

Social fund payable

53.742,00

50.876,00

56.861,00

27.086,00

9. 

Other long-term payables

0,00

0,00

0,00

0,00

10. 

Deferred tax liability

0,00

0,00

0,00

22.804,00

III. 

Short-term liabilities

13.562.917,00

15.392.689,00

8.152.792,00

15.908.849,00

1. 

Trade payables

5.714.823,00

4.722.722,00

3.713.304,00

6.493.760,00

2. 

Liabilities unbilled

109.792,00

66.650,00

96.030,00

129.456,00

3. 

Liabilities to subsidiaries and controlling entity

6.400.000,00

9.748.193,00

3.500.000,00

8.365.631,00

4. 

Other liabilities to entities in consolidation field

0,00

0,00

0,00

0,00

5. 

Payable to partners and consortium

0,00

0,00

0,00

0,00

6. 

Employee liabilities

458.668,00

338.591,00

466.906,00

520.779,00

7. 

Social security payables

308.596,00

119.246,00

299.110,00

329.516,00

8. 

Tax liability and subsidies

567.097,00

39.549,00

74.587,00

67.317,00

9. 

Other payable

3.941,00

357.738,00

2.855,00

2.390,00

IV. 

Short-term financial assistance

0,00

0,00

0,00

0,00

V. 

Bank loans

0,00

0,00

0,00

0,00

1. 

Long-term bank loans

0,00

0,00

0,00

0,00

2. 

Short-term bank loans

0,00

0,00

0,00

0,00

C. 

ACCRUED AND DEFERRED ITEMS

0,00

1.466,00

0,00

0,00

1. 

Accrued expenses - long-term

0,00

0,00

 

 

2. 

Accrued expenses - short-term

0,00

1.466,00

0,00

0,00

3. 

Deffered income - short-term

0,00

0,00

 

 

4. 

Deferred income - short-term

0,00

0,00

0,00

0,00

 

BALANCE SHEET TOTAL

32.478.483,00

32.894.485,00

27.579.599,00

37.603.698,00

 



STATEMENT OF PROFIT AND LOSS

 

TURNOVER

66.273.979,00

42.061.579,00

74.312.023,00

100.603.134,00

 

Sales of goods bought for resale

0,00

0,00

0,00

0,00

A. 

Cost of goods sold

0,00

0,00

0,00

0,00

Gross margin

0,00

0,00

0,00

0,00

 

Production

65.111.599,00

48.918.092,00

73.048.264,00

98.841.499,00

1. 

Sales of own products and services

66.273.979,00

42.061.579,00

74.312.023,00

100.603.134,00

2. 

Changes in stock of finished products and work-in-progress

-1.175.181,00

6.825.690,00

-1.284.870,00

-1.832.006,00

3. 

Own work capitalized

12.801,00

30.823,00

21.111,00

70.371,00

B. 

Consumables and services purchased

49.092.829,00

37.452.305,00

61.177.322,00

85.307.044,00

1. 

Consumed material, energy and other non-inventory items

47.995.969,00

36.567.639,00

59.954.259,00

83.508.697,00

2. 

Services

1.096.860,00

884.666,00

1.223.063,00

1.798.347,00

Added value

16.018.770,00

11.465.787,00

11.870.942,00

13.534.455,00

C. 

Personnel expenses

9.153.464,00

8.928.062,00

10.701.388,00

10.951.139,00

1. 

Wages and salaries

6.589.755,00

6.093.576,00

7.542.057,00

7.860.519,00

2. 

Remuneration of board and co-operative members

0,00

0,00

0,00

0,00

3. 

Social insurance

2.246.920,00

1.940.222,00

2.556.562,00

2.649.173,00

4. 

Other social security expenses

316.789,00

894.264,00

602.768,00

441.446,00

D. 

Taxes and charges

79.924,00

57.663,00

99.150,00

84.346,00

E. 

Depreciation of intangible and tangible fixed assets

1.596.544,00

1.747.992,00

2.856.967,00

2.918.077,00

 

Sales of fixed assets and inventory

309.916,00

278.581,00

2.600.644,00

579.267,00

F. 

Net book value of fixed assets and inventory sold

106.131,00

645.570,00

2.156.974,00

1.205.603,00

G. 

Provisions created and reserved for operating activities

0,00

0,00

0,00

0,00

 

Other operating income

19.934,00

393.195,00

200.558,00

394.643,00

H. 

Other operating expenses

487.787,00

85.050,00

183.928,00

250.647,00

 

Transfer of operating income

0,00

0,00

0,00

0,00

I. 

Transfer of operating expenses

0,00

0,00

0,00

0,00

Operating profit/loss (before tax)

4.924.770,00

673.226,00

-1.326.263,00

-901.447,00

 

Proceeds from sale of securities and ownership interests

0,00

0,00

0,00

0,00

J. 

Security and ownership interest disposals

0,00

0,00

0,00

0,00

 

Sales from long-term financial investments

0,00

0,00

0,00

0,00

1. 

Sales from securities and ownership interests in subsidiaries and associates

0,00

0,00

0,00

0,00

2. 

Sales from other long-term securities and ownership interests

0,00

0,00

0,00

0,00

3. 

Sales from other long-term financial investments

0,00

0,00

0,00

0,00

 

Sales from short-term financial assets

0,00

0,00

0,00

0,00

K. 

Expenses related to short-term financial assets

0,00

0,00

0,00

0,00

 

Gains from revaluation of securities and financial derivative instrument transactions

0,00

0,00

0,00

0,00

L. 

Expenses related to revaluation of securities and financial derivative instrument transactions

0,00

0,00

0,00

0,00

M. 

Provisions created and reserved for fiancial asets

0,00

0,00

0,00

0,00

 

Interest income

5.588,00

15.568,00

150.037,00

140.443,00

N. 

Interest expense

437.962,00

435.984,00

725.154,00

756.257,00

 

Foreign exchange gains

27.702,00

-1.127,00

6.366.892,00

11.956.317,00

O. 

Foreign exchange losses

33.300,00

29.584,00

2.852.619,00

9.129.589,00

 

Other sale from financing activities

4,00

0,00

66,00

1.494,00

P. 

Other costs of financing activities

127.026,00

120.761,00

172.343,00

194.018,00

 

Transfer of financial sales

0,00

0,00

0,00

0,00

Q. 

Transfer of financial costs

0,00

0,00

0,00

0,00

Profit/Loss from financing activities (before tax)

-564.994,00

-571.888,00

2.766.879,00

2.018.389,00

Profit/Loss from ordinary activities (before tax)

4.359.776,00

101.338,00

 

 

R. 

Income taxes on ordinary activities

798.599,00

0,00

300.671,00

289.584,00

1. 

Income taxes on ordinary activities - current

798.599,00

0,00

300.671,00

289.584,00

2. 

Income taxes on ordinary activities - deferred

0,00

0,00

0,00

0,00

Profit/Loss from ordinary activities (after tax)

3.561.177,00

101.338,00

1.139.946,00

827.358,00

 

Extraordinary sale

0,00

0,00

0,00

0,00

S. 

Extraordinary expenses

0,00

0,00

0,00

0,00

Profit/Loss from extraordinary activities (before tax)

0,00

0,00

 

 

T. 

Income taxes on extraordinary activities

0,00

0,00

0,00

0,00

1. 

Income taxes on extraordinary activities - current

0,00

0,00

0,00

0,00

2. 

Income taxes on extraordinary activities - deferred

0,00

0,00

0,00

0,00

Profit/Loss from extraordinary activities (after tax)

0,00

0,00

0,00

0,00

Profit/Loss for accounting period (before tax)

4.359.776,00

101.338,00

 

 

U. 

Profits of partnership transferred to partners

0,00

0,00

0,00

0,00

Profit/Loss for accounting period (after tax)

3.561.177,00

101.338,00

1.139.946,00

827.358,00


Efectively from January 1st 2009, the Slovakian currency SKK was changed
and replaced by new currency EUR. The conversion rate: 1 EUR = 30,1260 SKK.
The financial statements issued after 01.01.2009 have to be in EUR. In
order to compare the financial statements with previous years all financial
indicators were also converted by the new exchange rate.
The financial indicators are stated without decimal number. The differences
in total or sub-total rows may be caused by rounding of indicators.

 

 

 

Approximate Exchange Rates:

2010: 0,75 EUR = 1 USD
2009: 0,69 EUR = 1 USD
2008: 0,71 EUR = 1 USD
2007: 0,76 EUR = 1 USD

 

 

 

Financial data source:

2010: 
2009:
 
2008:
 
2007:
 


Date: 31.12.2007


The balance sheet data were audited.

 

Financial Comments:

The balance sheet data are from official sources.
The company is obliged by law to publish its financial statements.

 


 

 

Bankers:

Tatra banka, a.s. - Account no. SKK: 2627100741/1100; EUR: 2926100012/1100
811 06 Bratislava, Hodžovo námestie 3

 


 

 

Ratios: 

 

2010

2009

2008

2007

Current Ratio
Current assets / Current liabilities

1,44

1,35

1,73

1,26

Quick Ratio 
(Current assets-Inventory) / Current liabilities

0,55

0,63

1,17

0,77

Leverage (%)
Long-term liabilities / Equity*100

27,84

54,52

72,60

109,59

Debt Ratio (%)
Sum of Liabilities/Total Assets*100

55,17

66,26

59,76

72,81

Sales to Total Assets
Turnover/Total Assets

2,04

1,28

2,69

2,68

Collection period in days
Receivables / Turnover * 360

34,90

64,81

21,63

39,48

Liabilities Maturity date
Liabilies / Turnover * 360

97,02

186,08

79,62

98,37

Inventory rotation in days
Inventory / Turnover*360

66,87

97,02

22,38

28,63

Return on Sales (%) ROS
Profit/Loss for accounting period/Turnover*100

5,37

0,24

1,53

0,82

Return on Assets (%) ROA
Profit/Loss for accounting period/Total Assets*100

10,96

0,31

4,13

2,20

Return on Equity (%) ROE
Profit/Loss for accounting period/Equity*100

24,46

0,91

10,27

8,09

 



                                                                                                                                                                                                                                                                                                                              


ADDITIONAL INFORMATION      

 

 

 

Contact With Company:

Katarína Ratveiská

 

 

Central Register of Right of Liens:

no record

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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.