MIRA INFORM REPORT

 

 

Report Date :

17.08.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

DANISCO SLOVAKIA S.R.O. 

 

 

Registered Office :

Tomášikova 64, 83103 Bratislava

 

 

Country :

Slovakia

 

 

Financials (as on) :

30.04.2010

 

 

Date of Incorporation :

01.03.2008

 

 

Com. Reg. No.:

No. 50866/B 

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Business and other management consultancy activities

 

 

No. of Employees :

15 employees  (approximately)

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

DANISCO SLOVAKIA S.R.O.

 

Principal Address:

Tomášikova 64

831 03 Bratislava

Slovakia

 

Registered office:

Tomášikova 64

83103 Bratislava

Slovakia

 

ICON number:                            93074500

National ID:                               44030118

International VAT number:           SK2022569791

VAT number:                             SK2022569791

Registration status:                    01.03.2008 - registered company

 

 

CREDIT INFORMATION SUMMARY

 

Insolvency Information:               According to available information sources the company is not in a

insolvency/preliminary/debt regulation proceeding.

 

 

Payment Practices:

No adverse payment incidents known at this time

 

 

Further Rating Information:

Turnover volume of EUR 1.781.728 in the year 30.04.2010 increased by 252,29% compared with 30.04.2009. In the previous period this change was -49,23%.
Fixed assets decreased by EUR 70.816 and now 11,25% of total assets.

Cash flow from results of EUR 140.009 increased by 6.232,38% compared with last year result.
Equity of EUR 66.831 compared with total assets indicates a low level of self-financing.

 

 

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:

01.03.2008

 

 

Registration:

No. 50866/B 
01.03.2008 
Bratislava, Slovakia

 

 

Legal Form:

01.03.2008
Limited Liability Company

 

 

History:

Tomášikova 64 
Bratislava 831 03 
(26.08.2008) 
Kýčerského 5 
Bratislava 811 05 
( 01.03.2008 - 25.08.2008) 

 

 

Capital:

Nominal capital:

 

EUR 6.638,78

since 07.10.2009

 

 

Shareholders:

Full Name

Function

Address

Equity capital

DANISCO AS
Registration: Denmark

Partner
01.03.2008 - Present

Langebrogade 1
1001 Copenhagen K
Denmark

EUR 6.638,78

 

 

Management:

Full Name

Function

Address

Madarászová Lívia

Managing director

Púpavová 8115/3
917 02 Trnava
Slovakia

Rasmusen Ulrik

Member of the supervisory board

Bobakken 2 st. tv
2720 Vanlose
Denmark

Rosenlund Jorgen

Member of the supervisory board

Hovmarksvej 13
2920 Charlottenlund
Denmark

Stride Vingaard Torben

Member of the supervisory board

Furesogardsvej 50
3520 Farum
Denmark

 

 

Legal Representation:

Each of the managing directors represents the firm by him/herself

 

 

 

KEY DATA ON OPERATIONS      

 

 

 

Subject of Operation:

NACE
  main activity:
  7022 Business and other management consultancy activities

  6311 Data processing, hosting and related activities
  6920 Accounting, bookkeeping and auditing activities; tax consultancy

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

 

 

Company Development:

0: Development cannot be determined by outside parties

 

 

Key Data: 

Amounts shown in Euro (EUR)

 

01.05.2009-30.04.2010

01.01.2009-30.04.2009

01.01.2008-30.04.2008

Turnover

1.781.728

505.762

996.156

Non-current assets

140.952

211.768

203.456

Equity

66.831

9.514

43.526

Sum of Liabilities

1.089.036

1.101.133

758.888

Profit for accounting period

59.086

2.211

36.887

Operating result - profit (before tax)

96.780

18.690

56.540

 

 

Workforce:

 

2011

30.04.2010

Total workforce

15 (approximately)

15 (approximately)

 

 

 

fINANCIAL INFORMATION

 

 

 

Financials: 

Amounts shown in Euro (EUR) 

01.05.2009-30.04.2010

01.01.2009-30.04.2009

01.01.2008-30.04.2008

 



BALANCE SHEET

 

ASSETS

 

TOTAL ASSETS

1.253.246,00

1.142.340,00

825.763,00

A. 

NON-CURRENT ASSETS

140.952,00

211.768,00

203.456,00

I. 

Intangible fixed assets

58.061,00

102.817,00

91.056,00

1. 

Incorporation expenses

0,00

0,00

0,00

2. 

Research and development costs

0,00

0,00

0,00

3. 

Software

48.425,00

90.667,00

91.056,00

4. 

Valuable rights

0,00

0,00

0,00

5. 

Goodwill

0,00

0,00

0,00

6. 

Other intangible fixed assets

9.636,00

12.150,00

0,00

7. 

Intangible fixed assets in acquisition

0,00

0,00

0,00

8. 

Advance payments for intangible fixed assets

0,00

0,00

0,00

II. 

Tangible fixed assets

82.891,00

108.951,00

112.400,00

1. 

Land

0,00

0,00

0,00

2. 

Structures

0,00

0,00

0,00

3. 

Separate movable assets and sets of moveables

82.891,00

108.266,00

112.400,00

4. 

Natural agricultural assets

0,00

0,00

0,00

5. 

Livestock and draught animals

0,00

0,00

0,00

6. 

Other tangible fixed assets

0,00

0,00

0,00

7. 

Tangible fixed assets in acquisition

0,00

685,00

0,00

8. 

Advance payments for tangible fixed assets

0,00

0,00

0,00

9. 

Correction item to acquired assets

0,00

0,00

0,00

III. 

Long-term financial investments

0,00

0,00

0,00

1. 

Shares and ownership interests in subsidiaries

0,00

0,00

0,00

2. 

Shares and ownership interests in associates

0,00

0,00

0,00

3. 

Other long-term securities and ownership interests

0,00

0,00

0,00

4. 

Loans to entities in consolidation field

0,00

0,00

0,00

5. 

Other long-term financial assets

0,00

0,00

0,00

6. 

Loans due in one year

0,00

0,00

0,00

7. 

Long-term financial assets in acquisition

0,00

0,00

0,00

8. 

Advance payments for long-term financial assets

0,00

0,00

0,00

B. 

CURRENT ASSETS

1.059.263,00

901.628,00

252.017,00

I. 

Inventory

0,00

0,00

0,00

1. 

Material

0,00

0,00

0,00

2. 

Work-in-progress and own semi-finished products

0,00

0,00

0,00

3. 

Construction contracts with anticipated expiry period exceeding one year

0,00

0,00

0,00

4. 

Finished products

0,00

0,00

0,00

5. 

Livestock

0,00

0,00

0,00

6. 

Merchandise

0,00

0,00

0,00

7. 

Advance payments for inventory

0,00

0,00

0,00

II. 

Long-term receivables

0,00

0,00

0,00

1. 

Trade receivables

0,00

0,00

0,00

2. 

Receivables from subsidiaries and controlling entity

0,00

0,00

0,00

3. 

Other receivables from entities in consolidation field

0,00

0,00

0,00

4. 

Receivables from partners, members and consortium

0,00

0,00

0,00

5. 

Other receivables

0,00

0,00

0,00

6. 

Deferred tax assets

0,00

0,00

0,00

III. 

Short-term receivables

1.059.010,00

901.628,00

24.746,00

1. 

Trade receivables

1.046.952,00

891.884,00

4.660,00

2. 

Receivables from subsidiaries and controlling entity

0,00

0,00

0,00

3. 

Other receivables from entities in consolidation field

0,00

0,00

0,00

4. 

Receivables from partners, members and consortium

0,00

0,00

0,00

5. 

Social security

0,00

0,00

0,00

6. 

Tax assets and grants

12.058,00

9.557,00

19.015,00

7. 

Other receivables

0,00

187,00

1.071,00

IV. 

Financial accounts

253,00

0,00

227.271,00

1. 

Cash in hand

50,00

0,00

0,00

2. 

Bank accounts

203,00

0,00

227.271,00

3. 

Bank accounts bound for period exceeding one year

0,00

0,00

0,00

4. 

Short-term financial assets

0,00

0,00

0,00

5. 

Short-term financial assets in acquisition

0,00

0,00

0,00

C. 

ACCRUED AND DEFERRED ITEMS

53.031,00

28.944,00

370.290,00

1. 

Prepaid expenses - long-term

11.002,00

10.159,00

0,00

2. 

Prepaid expenses - short-term

15.086,00

5.300,00

0,00

3. 

Accrued income - long-term

0,00

0,00

0,00

4. 

Accrued income - shortterm

26.943,00

13.485,00

370.290,00

 



LIABILITIES

 

TOTAL LIABILITIES AND EQUITY

1.253.246,00

1.142.340,00

825.763,00

A. 

EQUITY

66.831,00

9.514,00

43.526,00

I. 

Registered capital

6.639,00

6.639,00

6.639,00

1. 

Registered capital (paid)

6.639,00

6.639,00

6.639,00

2. 

Treasury stocks and treasury shares

0,00

0,00

0,00

3. 

Changes in registered capital

0,00

0,00

0,00

4. 

Amounts receivable for subscribed capital

0,00

0,00

0,00

II. 

Capital funds

0,00

0,00

0,00

1. 

Share premium

0,00

0,00

0,00

2. 

Other capital funds

0,00

0,00

0,00

3. 

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

0,00

0,00

0,00

4. 

Asset and liability revaluation reserve

0,00

0,00

0,00

5. 

Financial investments revaluation reserve

0,00

0,00

0,00

6. 

Revaluation reserve from mergers and separations

0,00

0,00

0,00

III. 

Funds from profit

664,00

664,00

0,00

1. 

Legal reserve fund

664,00

664,00

0,00

2. 

Non-distributable fund

0,00

0,00

0,00

3. 

Statutory and other funds

0,00

0,00

0,00

IV. 

Profit/Loss from prior years

442,00

0,00

0,00

1. 

Non-distributed profit from prior years

442,00

0,00

0,00

2. 

Accumulated losses from prior years

0,00

0,00

0,00

V. 

Profit/Loss for current accounting period (after tax)

59.086,00

2.211,00

36.887,00

B. 

SUM OF LIABILITIES

1.089.036,00

1.101.133,00

758.888,00

I. 

Provisions

65.638,00

63.737,00

18.262,00

1. 

Legal provisions - long-term

0,00

0,00

0,00

2. 

Legal provision - short-term

25.754,00

63.737,00

18.262,00

3. 

Other long-term provisions

0,00

0,00

0,00

4. 

Other current provisions

39.884,00

0,00

0,00

II. 

Long-term liabilities

11.468,00

36.734,00

-1.431,00

1. 

Long-term trade liabilities

0,00

0,00

0,00

2. 

Long-term liabilities unbilled

0,00

0,00

0,00

3. 

Long-term liabilities to subsidiaries and controlling entity

0,00

0,00

0,00

4. 

Other long-term liabilities to entities in consolidation field

0,00

0,00

0,00

5. 

Long-term advance payments received

0,00

0,00

0,00

6. 

Long-term bills of exchange to be paid

0,00

0,00

0,00

7. 

Bonds issued

0,00

0,00

0,00

8. 

Social fund payable

6.872,00

32.806,00

-1.431,00

9. 

Other long-term payables

0,00

0,00

0,00

10. 

Deferred tax liability

4.596,00

3.928,00

0,00

III. 

Short-term liabilities

1.011.930,00

1.000.662,00

742.057,00

1. 

Trade payables

73.401,00

70.866,00

4.512,00

2. 

Liabilities unbilled

6.842,00

2.911,00

5.652,00

3. 

Liabilities to subsidiaries and controlling entity

838.880,00

847.897,00

655.312,00

4. 

Other liabilities to entities in consolidation field

0,00

0,00

0,00

5. 

Payable to partners and consortium

0,00

0,00

0,00

6. 

Employee liabilities

45.159,00

41.647,00

35.616,00

7. 

Social security payables

26.297,00

23.581,00

19.606,00

8. 

Tax liability and subsidies

21.351,00

10.655,00

18.594,00

9. 

Other payable

0,00

3.105,00

2.765,00

IV. 

Bank loans

0,00

0,00

0,00

1. 

Long-term bank loans

0,00

0,00

0,00

2. 

Short-term bank loans

0,00

0,00

0,00

C. 

ACCRUED AND DEFERRED ITEMS

97.379,00

31.693,00

23.349,00

1. 

Accrued expenses - long-term

34.791,00

31.693,00

23.349,00

2. 

Accrued expenses - short-term

62.588,00

0,00

0,00

3. 

Deffered income - short-term

0,00

0,00

0,00

4. 

Deferred income - short-term

0,00

0,00

0,00

 

BALANCE SHEET TOTAL

1.253.246,00

1.142.340,00

825.763,00

 



STATEMENT OF PROFIT AND LOSS

 

TURNOVER

1.781.728,00

505.762,00

996.156,00

 

Sales of goods bought for resale

0,00

0,00

0,00

A. 

Cost of goods sold

0,00

0,00

0,00

Gross margin

0,00

0,00

0,00

 

Production

1.781.728,00

505.762,00

996.156,00

 

Sales of own products and services

1.781.728,00

505.762,00

996.156,00

1. 

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

0,00

0,00

0,00

2. 

Own work capitalized

0,00

0,00

0,00

B. 

Consumables and services purchased

634.338,00

143.432,00

405.980,00

1. 

Consumed material, energy and other non-inventory items

23.164,00

6.882,00

18.440,00

2. 

Services

611.174,00

136.550,00

387.540,00

Added value

1.147.390,00

362.330,00

590.176,00

C. 

Personnel expenses

967.991,00

332.021,00

385.254,00

1. 

Wages and salaries

729.736,00

243.110,00

295.160,00

2. 

Remuneration of board and co-operative members

0,00

0,00

0,00

3. 

Social insurance

217.922,00

77.854,00

81.908,00

4. 

Other social security expenses

20.333,00

11.057,00

8.186,00

D. 

Taxes and charges

512,00

23.064,00

148.377,00

E. 

Depreciation of intangible and tangible fixed assets

80.923,00

0,00

0,00

 

Sales of fixed assets and inventory

0,00

0,00

0,00

F. 

Net book value of fixed assets and inventory sold

0,00

0,00

0,00

G. 

Provisions created and reserved for operating activities

0,00

0,00

0,00

 

Other operating income

117,00

11.447,00

0,00

H. 

Other operating expenses

1.301,00

2,00

5,00

 

Transfer of operating income

0,00

0,00

0,00

I. 

Transfer of operating expenses

0,00

0,00

0,00

Operating profit/loss (before tax)

96.780,00

18.690,00

56.540,00

 

Proceeds from sale of securities and ownership interests

0,00

0,00

0,00

J. 

Security and ownership interest disposals

0,00

0,00

0,00

 

Revenues from long-term financial investments

0,00

0,00

0,00

1. 

Revenues from securities and ownership interests in subsidiaries and associates

0,00

0,00

0,00

2. 

Revenues from other long-term securities and ownership interests

0,00

0,00

0,00

3. 

Revenues from other long-term financial investments

0,00

0,00

0,00

 

Revenues from short-term financial assets

0,00

0,00

0,00

K. 

Expenses related to short-term financial assets

0,00

0,00

0,00

 

Gains from revaluation of securities and financial derivative instrument transactions

0,00

0,00

0,00

L. 

Expenses related to revaluation of securities and financial derivative instrument transactions

0,00

0,00

0,00

M. 

Provisions created and reserved for fiancial asets

0,00

0,00

0,00

 

Interest income

5,00

4,00

6,00

N. 

Interest expense

13.567,00

5.832,00

810,00

 

Foreign exchange gains

2,00

145,00

101,00

O. 

Foreign exchange losses

334,00

159,00

6.797,00

 

Other revenue from financing activities

0,00

0,00

0,00

P. 

Other costs of financing activities

2.781,00

972,00

1.051,00

 

Transfer of financial revenues

0,00

0,00

0,00

Q. 

Transfer of financial costs

0,00

0,00

0,00

Profit/Loss from financing activities (before tax)

-16.675,00

-6.814,00

-8.551,00

Profit/Loss from ordinary activities (before tax)

80.105,00

11.876,00

47.989,00

R. 

Income taxes on ordinary activities

21.019,00

9.665,00

11.102,00

1. 

Income taxes on ordinary activities - current

20.351,00

5.737,00

11.102,00

2. 

Income taxes on ordinary activities - deferred

668,00

3.928,00

0,00

Profit/Loss from ordinary activities (after tax)

59.086,00

2.211,00

36.887,00

 

Extraordinary revenue

0,00

0,00

0,00

S. 

Extraordinary expenses

0,00

0,00

0,00

Profit/Loss from extraordinary activities (before tax)

0,00

0,00

0,00

T. 

Income taxes on extraordinary activities

0,00

0,00

0,00

1. 

Income taxes on extraordinary activities - current

0,00

0,00

0,00

2. 

Income taxes on extraordinary activities - deferred

0,00

0,00

0,00

Profit/Loss from extraordinary activities (after tax)

0,00

0,00

0,00

Profit/Loss for accounting period (before tax)

80.105,00

11.876,00

47.989,00

U. 

Profits of partnership transferred to partners

0,00

0,00

0,00

Profit/Loss for accounting period (after tax)

59.086,00

2.211,00

36.887,00

Effectively 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 Comments:

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

 

 

Ratios: 

 

01.05.2009-30.04.2010

01.01.2009-30.04.2009

01.01.2008-30.04.2008

Current Ratio
Current assets / Current liabilities

1,05

0,90

0,34

Quick Ratio 
(Current assets-Inventory) / Current liabilities

1,05

0,90

0,34

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

17,16

386,10

-3,29

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

86,90

96,39

91,90

Equity ratio, in %
Equity / Total liabilities * 100

5,33

0,83

5,27

Sales to Total Assets
Turnover/Total Assets

1,42

0,44

1,21

Collection period in days
Receivables / Turnover * 360

216,35

212,14

2,98

Liabilities Maturity date
Liabilies / Turnover * 360

209,08

244,09

89,22

Inventory rotation in days
Inventory / Turnover*360

0

0

0

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

3,32

0,44

3,70

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

4,71

0,19

4,47

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

88,41

23,24

84,75

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.98

UK Pound

1

Rs.87.55

Euro

1

Rs.68.69

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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

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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%)

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.