MIRA INFORM REPORT

 

 

Report Date :           

05.09.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

CHINTEX, S.R.O.

 

 

Registered Office :

Terezínská 1111, 410 02 Lovosice 

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

30.06.2004

 

 

Com. Reg. No.:

C/20757

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale and retail sale activities – plastics, plastic parts packages, pressed folios, regranulates

 

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 :

Moderate

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Czech republic

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

CHINTex, s.r.o.
Terezínská 1111 
410 02 Lovosice 
Telephone: 00420/ 416 533 204
Telephone: 00420/ 416 533 204
Telephone: 00420/ 602 750 004 
E-Mail: sale@chintex.cz  

Web: www.chintex.eu 

 

 

Company summary

 

 

Company development

Constant business development

 

 

Order situation

Satisfactory course of business

 

Terms of payment

mostly within agreed terms, but partly also delayed

 

 

Business connection

Business connections are not denied

 

Credit limit

CZK 0,-
EUR 0,-

 

 

Legal form

Private limited company

 

 

Foundation

30/06/2004 - Private limited company

Comp. Register

30/06/2004, Krajský soud Ústí nad Labem, RegNr.: C/20757
Statistical number: 25491571
Tax number: CZ25491571

 

Share Capital

30/06/2004

CZK

200.000,-

 

Shareholders

Ing. Miroslav Novotný (06.12.1960)
Kardinála Trochty 526/24, 412 01 Litoměřice 1, Pokratice

CZK

90.000,-

 

 

 

Jiří Schoř (06.09.1971)
Kardinála Trochty 522/16, 412 01 Litoměřice 1, Pokratice

CZK

90.000,-

 

 

Petr Novotný (30.08.1971)
Elišky Krásnohorské 2016/5, Litoměřice

CZK

20.000,-

 

 

Management

Jiří Schoř (06.09.1971)
Kardinála Trochty 522/16, 412 01 Litoměřice 1, Pokratice 
Executive Manager
sole power of attorney

 

Ing. Miroslav Novotný (06.12.1960)
Kardinála Trochty 526/24, 412 01 Litoměřice 1, Pokratice 
Executive Manager
sole power of attorney

 

General Data

Wholesale and retail sale activities – plastics, plastic parts,

 

packages, pressed folios, regranulates.

 

 

Research, development and sale of economizer fluorescent lamps.

 

Running internet trade.

 

 

Main activity:



 

Export:
China
European Union

 

 

 

 

 

Address:
Terezínská 1111, 410 02 Lovosice 
Beginning of validity: 21.05.2007
telephone:
00420/ 416 533 204
00420/ 602 750 004 
00420/ 416 533 204
e-mail:
sale@chintex.cz 
Web:
www.chintex.eu

 

 

Kardinála Trochty 522/16, 412 01 Litoměřice 1 
Beginning of validity: 30.06.2004
End of validity: 21.05.2007

Staff

2008

6 employees

 

 

2009

7 employees

 

2010

7 employees

 

 

2011

7 employees

Annual Sales

2007

actual sales

CZK

33.732.000,-

 

 

 

2008

actual sales

CZK

54.072.000,-

 

 

2009

actual sales

CZK

54.527.000,-

 

 

 

2010

actual sales

CZK

59.667.000,-

 

Property

none

 

Balance sheets

The enclosed balance of 2010 from business register, -. (31.12.2010 - 1 CZK)
The enclosed balance of 2009 from business register, -. (31.12.2009 - 1 CZK)
The enclosed balance of 2008. (31.12.2008 - 1 CZK)
The enclosed balance of 2007. (31.12.2007 - 1 CZK)

 

The enclosed profit/loss account of 2010 from business register, -. (31.12.2010 - 1 CZK)
The enclosed profit/loss account of 2009 from business register, -. (31.12.2009 - 1 CZK)
The enclosed profit/loss account of 2008 company's own data, -. (31.12.2008 - 1 CZK)
The enclosed profit/loss account of 2007. (31.12.2007 - 1 CZK)

 

Remarks

All the sources of negative data accessible to public (insolvency registers, databases of debtors of health insurance institutions, commercial bulletin, collection database and others) are currently monitored.


The company is a holder of ISO 9001 certificate.

 

Other entrepreneurial interests:

 

 

Jiří Schoř

 

- SLAVOJKA s.r.o. , IČ 27275752, executive, associate 50%

 

 

 

 

Ing. Miroslav Novotný

 

 

- SLAVOJKA s.r.o. , IČ 27275752, executive, associate 50%

 

- MELL Invest s.r.o., IČ 5447769, executive, associate 40%

 

 

- HERSTAV, spol. s r.o., IČ 49905775, executive, associate 50%

 

 

 

 

Contact:

 

Mrs. Hořenínová, assistant of management, phone: 00420/ 416 533 204

 

Bankers

Československá obchodní banka, a. s. 

 

 

 

 

Balance sheet

 

 

balance

31.12.2007 (CZK)

31.12.2008 (CZK)

31.12.2009 (CZK)

31.12.2010 (CZK)

r1

TOTAL ASSETS

5.774.000

11.383.000

10.958.000

10.279.000

r2

Receivables for subscriptions

0

0

0

0

r3

Fixed assets

95.000

1.523.000

2.397.000

2.861.000

r4

Intangible fixed assets

0

0

0

0

r13

Tangible fixed assets

95.000

1.523.000

2.397.000

2.861.000

r23

Long-term financial assets

0

0

0

0

r31

Current assets

5.430.000

9.694.000

8.494.000

7.367.000

r32

Inventory

1.365.000

707.000

368.000

482.000

r39

Long-term receivables

0

0

0

0

r48

Short-term receivables

3.346.000

6.128.000

4.544.000

3.749.000

r58

Short-term financial assets

719.000

2.859.000

3.582.000

3.136.000

r63

Accruals

249.000

166.000

67.000

51.000

r67

TOTAL LIABILITIES

5.774.000

11.383.000

10.958.000

10.279.000

r68

Equity

-1.347.000

127.000

-354.000

354.000

r69

Registered capital

200.000

200.000

200.000

200.000

r73

Capital funds

0

0

0

0

r78

Reserve funds, statutory reserve account for cooperatives, and other retained earnings

0

0

20.000

20.000

r81

Profit / loss - previous years

-1.672.000

-1.546.000

-93.000

-574.000

r84

Profit / loss - current year (+/-)

125.000

1.473.000

-481.000

708.000

r85

Other sources

7.121.000

11.256.000

11.312.000

9.925.000

r86

Reserves

0

0

0

0

r91

Long-term payables

0

0

0

0

r102

Short-term payables

4.054.000

7.494.000

7.395.000

5.584.000

r114

Bank loans and financial accommodations

3.067.000

3.762.000

3.917.000

4.341.000

r118

Accruals

0

0

0

0

 

profit/loss account

31.12.2007 (CZK)

31.12.2008 (CZK)

31.12.2009 (CZK)

31.12.2010 (CZK)

a1

Turnover

33.732.000

54.072.000

54.527.000

59.667.000

a2

Revenues from sold goods

33.452.000

53.936.000

54.408.000

59.531.000

a3

Expenses on sold goods

25.771.000

36.271.000

35.143.000

36.108.000

a4

Sale margin

7.681.000

17.665.000

19.265.000

23.423.000

a5

Production

280.000

136.000

119.000

136.000

a9

Production consumption

5.780.000

14.199.000

15.441.000

18.046.000

a12

Added value

2.181.000

3.602.000

3.943.000

5.513.000

a13

Personnel expenses

1.472.000

1.856.000

2.424.000

2.302.000

a18

Taxes and fees

13.000

35.000

32.000

64.000

a19

Depreciations of intangible and tangible assets

29.000

215.000

799.000

1.613.000

a20

Revenues from disposals of fixed assets and materials

0

252.000

0

0

a23

Net book value of disposed fixed assets and materials

0

69.000

0

159.000

a26

Change in operating reserves and adjustments and complex deferred costs ( + / - )

0

0

0

0

a27

Other operating revenues

24.000

41.000

32.000

397.000

a28

Other operating expenses

64.000

219.000

718.000

470.000

a29

Transfer of operating revenues

0

0

 

0

a30

Transfer of operating expenses

0

0

 

0

a31

Operating profit / loss

627.000

1.501.000

2.000

1.302.000

a32

Revenues from sales of securities and ownership interests

0

0

 

0

a33

Sold securities and ownership interests

0

0

 

0

a34

Revenues from long-term financial assets

0

0

 

0

a38

Revenues from short-term financial assets

0

0

 

0

a39

Expenses associated with financial assets

0

0

 

0

a40

Revenues from revaluation of securities and derivatives

0

0

 

0

a41

Cost of revaluation of securities and derivatives

0

0

 

0

a42

Change in financial reserves and adjustments ( + / - )

0

0

 

0

a43

Interest revenues

0

3.000

1.000

0

a44

Interest expenses

10.000

84.000

156.000

161.000

a45

Other financial revenues

332.000

1.533.000

1.799.000

1.159.000

a46

Other financial expenses

824.000

1.435.000

2.111.000

1.436.000

a47

Transfer of financial revenues

0

0

 

0

a48

Transfer of financial expenses

0

0

 

0

a49

Profit / loss from financial operations ( transactions )

-502.000

17.000

-467.000

-438.000

a50

Income tax on ordinary income

0

45.000

34.000

242.000

a53

Operating profit / loss ordinary activity

125.000

1.473.000

-499.000

622.000

a54

Extraordinary revenues

0

0

18.000

86.000

a55

Extraordinary expenses

0

0

 

0

a56

Income tax on extraordinary income

0

0

 

0

a59

Operating profit / loss extraordinary activity

0

0

18.000

86.000

a60

Transfer profit ( loss ) to partners (+/-)

0

0

 

0

a61

Profit / loss of current accounting period (+/-)

125.000

1.473.000

-481.000

708.000

a62

Profit / loss before tax (+/-)

125.000

1.518.000

-447.000

950.000

 

Receivables after due date total

 

2.439.000

3.014.000

1.601.000

 

Liabilities after due date total

 

4.412.000

3.520.000

1.745.000

 

 

Balance indices

 

31.12.2007

31.12.2008

31.12.2009

31.12.2010

Return on total assets ROA (in %)

a62/r1 * 100

2,16

13,34

-4,08

9,24

Return on equity ROE (in %)

a62/r68 * 100

-9,28

1.195,28

126,27

268,36

Return on sales ROS (in %)

a62/a1 * 100

0,37

2,81

-0,82

1,59

Turnover of receivables (in days)

r49/a1 * 365

n/a

n/a

n/a

n/a

Turnover of liabilities (in days)

r103/a1 * 365

n/a

n/a

n/a

n/a

Turnover of inventories (days)

r32/a1 * 365

14,77

4,77

2,46

2,95

Net working capital (in ths. CZK)

r31 - r102 - r116 - r117

1.376,00

2.200,00

1.099,00

1.783,00

Ratio of accounts payable to accounts receivable (in %)

(r39+r48) / (r91+r102) * 100

82,54

81,77

61,45

67,14

Ratio of profit/loss to tangible assets (in%)

r3 / a1 * 100

0,28

2,82

4,40

4,79

Current ratio

r31 / (r102+r116+r117)

n/a

n/a

n/a

n/a

Quick ratio

(r58+r48) / (r102+r116+r117)

1,00

1,20

1,10

1,23

Cash ratio

r58 / (r102+r116+r117)

n/a

n/a

n/a

n/a

Debt ratio I (in %)

(1-r68/r67) * 100

123,33

98,88

103,23

96,56

Debt ratio II (in %)

r85/r67 * 100

123,33

98,88

103,23

96,56

 Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.90

UK Pound

1

Rs.74.31

Euro

1

Rs.65.41

 

 

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.