|
Report Date : |
21.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
JERRY FABRICS S.R.O. |
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|
|
|
Registered Office : |
Topolová 485 , 252 42 Jesenice u Prahy |
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|
|
|
Country : |
Czech Republic |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
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Date of Incorporation : |
26.06.2002 |
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|
|
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Com. Reg. No.: |
C 88774 |
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|
Legal Form : |
Private Limited Company |
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|
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Line of Business : |
Wholesaler of fabrics, textiles, clothes and decoration material |
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|
No. of Employees : |
08 employees |
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 |
|
Status : |
Satisfactory |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Czech Republic |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Czech Republic - ECONOMIC OVERVIEW
The Czech Republic is a stable and prosperous market economy, which harmonized its laws and regulations with those of the EU prior to its EU accession in 2004. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell 4.7% in 2009, with most of the decline occurring during the first quarter. Real GDP, however, has slowly recovered with positive quarter-on-quarter growth starting in the second half of 2009 and continuing throughout 2011. The auto industry remains the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. Foreign and domestic businesses alike voice concerns about corruption especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy.
|
Source : CIA |
JERRY FABRICS s.r.o.
Topolová 485
252 42 Jesenice u Prahy
telephone: 00420/ 241 405 662
telefax: 00420/ 241 405 646
e-mail: jfabrics@jfabrics.cz
Web: www.jfabrics.cz
|
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 appear permissible |
|
Legal form |
Private limited company |
|
|
Foundation |
26/06/2002 - Private limited company |
|
Comp. Register |
26/06/2002, Městský soud v
Praze, RegNr.: C 88774 |
|
Share Capital |
26/06/2002 |
CZK |
200 000,- |
|
|
Shareholders |
Ing. Jaroslav
Farský (31.03.1952) |
CZK |
100 000,- |
|
|
|
ing.
Světlana Farská (13.05.1956) |
CZK |
100 000,- |
|
|
|
Management |
ing. Jaroslav
Farský (11.03.1952) |
||||
|
|
Kateřina
Farská (24.09.1983) |
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General Data |
Wholesale of fabrics, textiles, clothes
and decoration material. |
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Main activity: |
||
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|
Trade name(s) |
||
|
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Export: |
35% |
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Import: |
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General
contacts: |
|
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Address: |
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Office address: |
||
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Staff |
2007 |
10 employees |
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|
|
2008 |
10 employees |
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|
2009 |
8 employees |
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2010 |
9 employees |
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|
2011 |
8 employees |
|
Annual Sales |
2005 |
actual sales |
CZK |
84 151 000,- |
|
|
|
2006 |
actual sales |
CZK |
108 744 000,- |
|
|
|
2007 |
actual sales |
CZK |
153 605 000,- |
|
|
|
2008 |
actual sales |
CZK |
140 000 000,- |
|
|
|
2009 |
actual sales |
CZK |
90 169 000,- |
|
|
|
2010 |
actual sales |
CZK |
125 928 000,- |
|
|
|
2011 |
actual sales |
CZK |
137 019 000,- |
|
|
|
Property |
none |
|||||
|
Balance sheets |
The enclosed balance of 2011 from business
register, -. (31.12.2011 - 1 CZK) |
|
|
The enclosed profit/loss account of 2011
from business register, -. (31.12.2011 - 1 CZK) |
|
Remarks |
The company does
not provide its current economic data. |
|
|
Contact: |
|
Bankers |
Česká spořitelna, a. s. |
|
|
Copyright:
s.r.o. Praha |
This information is addressed exclusively to
the addressee. Contractor obligates to provide updated information. Although
it is always put maximum effort to collect actual and exact information, it
is not confirmed as delinquency if there are particular inaccurateness
contained within the information, which are not considered as essential in
terms of the objective for which the information is provided to the
addressee. Contractor and recipient conform to the rules of the Name and
Description Security Act, Nub.101/2000. According to the Name and Description
Security Act, recipient has the right to process or to use forwarding data
only for the purpose for which information has been sent to the recipient.
Usage for other purpose is acceptable only in case referring to valid
regulations of the above mentioned act. |
|
|
|
Balance |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
r1 |
TOTAL ASSETS |
52 695 000 |
32 125 000 |
56 072 000 |
52 831 000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed assets |
831 000 |
643 000 |
456 000 |
268 000 |
|
r4 |
Intangible fixed
assets |
0 |
0 |
0 |
0 |
|
r13 |
Tangible fixed
assets |
831 000 |
643 000 |
456 000 |
268 000 |
|
r14 |
Lands |
|
|
|
0 |
|
r15 |
Constructions |
|
|
|
0 |
|
r16 |
Equipment |
|
|
|
268 000 |
|
r23 |
Long-term
financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current assets |
51 626 000 |
31 266 000 |
55 231 000 |
52 223 000 |
|
r32 |
Inventory |
6 217 000 |
8 039 000 |
12 154 000 |
16 268 000 |
|
r37 |
Merchandise |
|
|
|
16 268 000 |
|
r39 |
Long-term
receivables |
0 |
0 |
0 |
0 |
|
r48 |
Short-term
receivables |
45 327 000 |
22 230 000 |
42 707 000 |
35 926 000 |
|
r49 |
Trade receivables |
|
|
|
34 272 000 |
|
r54 |
Due from state - tax receivable |
|
|
|
506 000 |
|
r55 |
Short-term deposits given |
|
|
|
1 115 000 |
|
r57 |
Other receivables |
|
|
|
33 000 |
|
r58 |
Short-term
financial assets |
82 000 |
997 000 |
370 000 |
29 000 |
|
r59 |
Cash |
|
|
|
28 000 |
|
r60 |
Bank accounts |
|
|
|
1 000 |
|
r63 |
Accruals |
238 000 |
216 000 |
385 000 |
340 000 |
|
r64 |
Deferred expenses |
|
|
|
276 000 |
|
r66 |
Deferred income |
|
|
|
64 000 |
|
r67 |
TOTAL
LIABILITIES |
52 695 000 |
32 125 000 |
56 072 000 |
52 831 000 |
|
r68 |
Equity |
7 551 000 |
8 463 000 |
10 525 000 |
10 379 000 |
|
r69 |
Registered
capital |
200 000 |
200 000 |
200 000 |
200 000 |
|
r70 |
Registered capital |
|
|
|
200 000 |
|
r73 |
Capital funds |
0 |
0 |
0 |
0 |
|
r78 |
Reserve funds, statutory
reserve account for cooperatives, and other retained earnings |
20 000 |
20 000 |
20 000 |
20 000 |
|
r79 |
Legal reserve fund / indivisible fund |
|
|
|
20 000 |
|
r81 |
Profit / loss -
previous years |
2 802 000 |
7 331 000 |
7 943 000 |
9 804 000 |
|
r82 |
Retained earnings from previous years |
|
|
|
9 804 000 |
|
r84 |
Profit / loss -
current year (+/-) |
4 529 000 |
912 000 |
2 362 000 |
355 000 |
|
r85 |
Liabilities |
45 125 000 |
23 621 000 |
45 413 000 |
41 701 000 |
|
r86 |
Reserves |
0 |
0 |
0 |
0 |
|
r91 |
Long-term
payables |
46 000 |
0 |
0 |
0 |
|
r102 |
Short-term
payables |
10 980 000 |
7 317 000 |
10 761 000 |
8 170 000 |
|
r103 |
Trade payables |
|
|
|
5 481 000 |
|
r107 |
Payroll |
|
|
|
317 000 |
|
r108 |
Payables to social securities and health
insurance |
|
|
|
148 000 |
|
r109 |
Due from state - tax liabilities and
subsidies |
|
|
|
955 000 |
|
r110 |
Short-term deposits received |
|
|
|
77 000 |
|
r112 |
Estimated payables |
|
|
|
1 195 000 |
|
r113 |
Other payables |
|
|
|
-3 000 |
|
r114 |
Bank loans and
financial accommodations |
34 099 000 |
16 304 000 |
34 652 000 |
33 531 000 |
|
r115 |
Long-term bank loans |
|
|
|
0 |
|
r116 |
Short-term bank loans |
|
|
|
33 531 000 |
|
r117 |
Short-term accommodations |
|
|
|
0 |
|
r118 |
Accruals |
19 000 |
41 000 |
134 000 |
751 000 |
|
r119 |
Accrued expenses |
|
|
|
751 000 |
|
|
profit/loss
account |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
a1 |
Turnover |
138 680 000 |
90 169 000 |
125 928 000 |
137 019 000 |
|
a2 |
Revenues from sold goods |
137 987 000 |
89 786 000 |
125 281 000 |
136 508 000 |
|
a3 |
Expenses on sold goods |
112 545 000 |
68 432 000 |
98 285 000 |
110 528 000 |
|
a4 |
Sale margin |
25 442 000 |
21 354 000 |
26 996 000 |
25 980 000 |
|
a5 |
Production |
693 000 |
383 000 |
647 000 |
511 000 |
|
a6 |
Revenues from own products and services |
|
|
|
511 000 |
|
a9 |
Production
consumption |
10 250 000 |
9 989 000 |
13 215 000 |
14 151 000 |
|
a10 |
Consumption of material and energy |
|
|
|
1 171 000 |
|
a11 |
Services |
|
|
|
12 980 000 |
|
a12 |
Added value |
15 885 000 |
11 748 000 |
14 428 000 |
12 340 000 |
|
a13 |
Personnel
expenses |
7 220 000 |
6 061 000 |
7 665 000 |
7 235 000 |
|
a14 |
Wages and salaries |
|
|
|
5 297 000 |
|
a16 |
Social security expenses and health
insurance |
|
|
|
1 886 000 |
|
a17 |
Other social expenses |
|
|
|
52 000 |
|
a18 |
Taxes and fees |
19 000 |
11 000 |
11 000 |
26 000 |
|
a19 |
Depreciations of intangible and tangible
assets |
88 000 |
188 000 |
188 000 |
188 000 |
|
a20 |
Revenues from
disposals of fixed assets and materials |
168 000 |
0 |
0 |
0 |
|
a23 |
Net book value of
disposed fixed assets and materials |
0 |
0 |
0 |
0 |
|
a26 |
Change in operating reserves and
adjustments and complex deferred costs ( + / - ) |
-6 000 |
-48 000 |
-1 000 |
25 000 |
|
a27 |
Other operating revenues |
141 000 |
639 000 |
335 000 |
1 158 000 |
|
a28 |
Other operating expenses |
1 830 000 |
2 765 000 |
1 369 000 |
898 000 |
|
a29 |
Transfer of operating revenues |
0 |
0 |
|
|
|
a30 |
Transfer of operating expenses |
0 |
0 |
|
|
|
a31 |
Operating profit
/ loss |
7 043 000 |
3 410 000 |
5 531 000 |
5 126 000 |
|
a32 |
Revenues from sales of securities and
ownership interests |
0 |
0 |
|
|
|
a33 |
Sold securities and ownership interests |
0 |
0 |
|
|
|
a34 |
Revenues from
long-term financial assets |
0 |
0 |
|
|
|
a38 |
Revenues from short-term financial assets |
0 |
0 |
|
|
|
a39 |
Expenses associated with financial assets |
0 |
0 |
|
|
|
a40 |
Revenues from revaluation of securities
and derivatives |
0 |
0 |
|
|
|
a41 |
Cost of revaluation of securities and derivatives |
0 |
0 |
|
|
|
a42 |
Change in financial reserves and
adjustments ( + / - ) |
0 |
0 |
|
|
|
a43 |
Interest revenues |
3 000 |
2 000 |
1 000 |
1 000 |
|
a44 |
Interest expenses |
1 393 000 |
1 017 000 |
826 000 |
1 236 000 |
|
a45 |
Other financial revenues |
3 521 000 |
2 631 000 |
1 854 000 |
1 752 000 |
|
a46 |
Other financial expenses |
3 408 000 |
3 427 000 |
3 572 000 |
5 138 000 |
|
a47 |
Transfer of financial revenues |
0 |
0 |
|
|
|
a48 |
Transfer of financial expenses |
0 |
0 |
|
|
|
a49 |
Profit / loss
from financial operations ( transactions ) |
-1 277 000 |
-1 811 000 |
-2 543 000 |
-4 621 000 |
|
a50 |
Income tax on
ordinary income |
1 237 000 |
687 000 |
626 000 |
150 000 |
|
a51 |
Due tax |
|
|
|
150 000 |
|
a53 |
Operating profit
/ loss ordinary activity |
4 529 000 |
912 000 |
2 362 000 |
355 000 |
|
a54 |
Extraordinary revenues |
0 |
0 |
|
|
|
a55 |
Extraordinary expenses |
0 |
0 |
|
|
|
a56 |
Income tax on
extraordinary income |
0 |
0 |
|
|
|
a59 |
Operating profit
/ loss extraordinary activity |
0 |
0 |
0 |
0 |
|
a60 |
Transfer profit ( loss ) to partners (+/-) |
0 |
0 |
|
|
|
a61 |
Profit / loss of
current accounting period (+/-) |
4 529 000 |
912 000 |
2 362 000 |
355 000 |
|
a62 |
Profit / loss before
tax (+/-) |
5 766 000 |
1 599 000 |
2 988 000 |
505 000 |
|
Receivables
after due date total |
|
|
4 499 000 |
12 200 000 |
|
|
Liabilities
after due date total |
|
|
439 000 |
942 000 |
|
Balance indices |
|
31.12.2008 |
31.12.2009 |
31.12.2010 |
31.12.2011 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
10,94 |
4,98 |
5,33 |
0,96 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
76,36 |
18,89 |
28,39 |
4,87 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
4,16 |
1,77 |
2,37 |
0,37 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
n/a |
n/a |
n/a |
91,30 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
n/a |
n/a |
n/a |
14,60 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
16,36 |
32,54 |
35,23 |
43,34 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
40 646,00 |
23 949,00 |
44 470,00 |
10 522,00 |
|
Ratio of accounts payable to accounts
receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
411,09 |
303,81 |
396,87 |
439,73 |
|
Ratio of profit/loss to tangible assets
(in%) |
r3 / a1 * 100 |
0,60 |
0,71 |
0,36 |
0,20 |
|
Current ratio |
r31 / (r102+r116+r117) |
n/a |
n/a |
n/a |
1,25 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
4,14 |
3,17 |
4,00 |
0,86 |
|
Cash ratio |
r58 / (r102+r116+r117) |
n/a |
n/a |
n/a |
0,00 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
85,67 |
73,66 |
81,23 |
80,35 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
85,63 |
73,53 |
80,99 |
78,93 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
UK Pound |
1 |
Rs.89.11 |
|
Euro |
1 |
Rs.72.47 |
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 |
|
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.