MIRA
INFORM REPORT
|
Report Date : |
06.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
ELEKTROSERVISI, d.d. |
|
|
|
|
Registered Office : |
Dobrave 6, 1236 Trzin |
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|
|
|
Country : |
Slovenia |
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|
|
|
Financials (as on) : |
31.12.2010 |
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|
Date of Incorporation : |
10.06.1996 |
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|
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Com. Reg. No.: |
12749700 |
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|
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Legal Form : |
Joined stocked Company |
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|
|
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Line of Business : |
Construction of utility projects for electricity and
telecommunications |
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|
|
|
No. of Employees : |
118 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
EUR 80.000,- |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Slovenia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name and address
ELEKTROSERVISI, d.d.
Dobrave 6,
1236
Trzin
Phone: 01 580 04 00
Telefax: 01 580 04 50
E-Mail: info@elektroservisi.si
Web: www.elektroservisi.si
|
Legal form |
Joined stocked Company |
|
|
|
Established on |
10/06/1996 - Joined stocked Company |
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last entry on 03.01.2012 |
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Registered on |
Ljubljana, Registration number:
12749700 |
|
Registered
capital |
|
EUR |
2.324.286,00 |
|
|
Head shareholders |
Ivan Hozjan |
% |
78,09 |
|
|
|
Elegra projekt
d.o.o. |
% |
21,91 |
|
|
|
|
(stand per 31.01.2012) |
||||
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Board of
Directors |
Ivan Hozjan |
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|
Janez Baloh |
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|
Sonja Groznik |
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(stand per 03.02.2012) |
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Supervisory
Board |
Marko Praprotnik |
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|
Miro Osredkar |
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|
Vojteh
Winterleitner |
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(stand per 03.02.2012) |
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Other activities |
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General data |
company activity: |
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Main activity: |
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Residence
address: |
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Employees |
2008 |
138 employees |
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|
|
2009 |
136 employees |
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|
2010 |
125 employees |
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|
2011 |
118 employees |
|||||
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Annual turnover |
2007 |
Enterprise turnover |
EUR |
25.725.062,- |
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||
|
|
2008 |
Enterprise turnover |
EUR |
23.775.924,- |
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|
|
2009 |
Enterprise turnover |
EUR |
17.492.190,- |
|
|
|
2010 |
Enterprise turnover |
EUR |
19.625.601,- |
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|
|
Property |
Company's property: Buildings |
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Remarks |
company name: |
|
Interests |
Vojteh
Winterleitner: |
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|
ZALOžBA OBZORJA d.d. (Statistical number: 5048532)
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Members |
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|
Bank relations |
ABANKA VIPA d.d.: |
|||
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Terms of payment |
Partly within agrees credit terms, partly
within delays |
(42) |
|
Business
connection |
Business connection appear premissable |
(31) |
|
Credit limit |
EUR 80.000,- |
|
A. The enclosed balance of 2010 is
originated from official source, it is not authenticated by the auditor.
(31.12.2010 - 1 EUR) |
|
|
balance
|
A
31.12.2010 |
B
31.12.2009 |
C
31.12.2008 |
D
31.12.2007 |
|
ASSETS (AKTIVA) |
18.258.869
|
20.599.591
|
27.466.969
|
31.298.037
|
|
LONG-TERM
ASSETS |
10.925.745 |
6.877.459 |
12.263.127 |
11.865.283 |
|
Intangible assets and
long-term deferred costs and accrued revenues |
180.381
|
|
246.748
|
143.780
|
|
Intangible assets |
180.381
|
265.464
|
|
|
|
Long-term deferred costs and
accrued revenues |
0 |
|
|
|
|
Tangible fixed assets |
6.227.147
|
6.411.995
|
3.420.084
|
3.315.680
|
|
Long-term financial
investments and Real estate investments |
4.239.786
|
|
8.434.098
|
8.324.158
|
|
Investment property |
0 |
1.036
|
|
|
|
Long-term financial
investments |
4.239.786
|
29.996
|
|
|
|
Long-term operating
receivables |
24.006
|
24.006
|
24.006
|
24.266
|
|
Deferred receivables for taxes
|
254.425
|
144.962
|
138.191
|
57.399
|
|
SHORT-TERM
ASSETS |
7.126.267 |
13.547.380 |
14.607.073 |
19.271.989 |
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Short-term assets (without
Short-term deferred costs and accrued revenues) |
|
|
14.418.394
|
17.511.433
|
|
Assets (group for estrange)
for sell |
0 |
0 |
0 |
0 |
|
Inventories |
4.576.888
|
7.355.859
|
6.984.060
|
10.578.884
|
|
Short-term financial
investments |
231.050
|
1.846.480
|
188.679
|
1.760.556
|
|
Short-term operating
receivables |
2.287.118
|
4.296.857
|
7.415.825
|
6.883.114
|
|
Cash assets |
31.211
|
48.184
|
18.509
|
49.435
|
|
Short-term
deferred costs and accrued revenues |
206.857 |
174.752 |
596.769 |
160.765 |
|
Off-balance sheet items |
0 |
|
|
|
|
LIABILITIES |
18.258.869 |
20.599.591 |
27.466.969 |
31.298.037 |
|
Long-term sources (PASSIVA) |
|
|
16.009.970
|
15.234.907
|
|
CAPITAL |
8.149.921 |
8.535.027 |
12.850.153 |
11.473.145 |
|
Called-up capital |
2.324.286
|
2.324.286
|
|
|
|
Basic (subscribed) capital |
2.324.286
|
2.324.286
|
2.324.286
|
2.324.286
|
|
Non called-up capital (deductive
item) |
0 |
0 |
|
|
|
Capital reserves |
0 |
0 |
|
|
|
Reserves from profit |
2.498.814
|
248.745
|
|
|
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Surplus from revaluation |
2.752.276
|
2.535.290
|
|
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Retained net |
574.545
|
2.970.096
|
|
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Net business result for the
business year |
0 |
456.610
|
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PROVISIONS AND LONG-TERM
ACCRUED COSTS AND DEFERRED REVENUES |
121.494
|
146.866
|
|
|
|
FINANCIAL
AND BUSINESS LIABILITIES |
9.861.619 |
|
|
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|
LONG-TERM
LIABILITIES |
1.013.875 |
3.322.638 |
3.159.817 |
3.761.762 |
|
Provisions and long-term
accrued costs and deferred revenues |
|
|
165.883
|
156.914
|
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Long-term liabilities |
|
|
2.993.934
|
3.604.848
|
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Long-term financial
liabilities |
0 |
2.300.000
|
2.700.000
|
3.603.756
|
|
Long-term operating
liabilities |
325.806
|
388.815
|
293.934
|
1.092
|
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Deferred liabilities for taxes
|
688.069
|
633.823
|
|
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Short-term liabilities and accruals
|
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|
11.456.999
|
16.063.130
|
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SHORT-TERM
LIABILITIES |
8.847.744 |
8.242.332 |
10.053.041 |
10.974.545 |
|
Liabilities, included in
groups for estrange |
0 |
0 |
|
|
|
Short-term financial
liabilities |
7.085.967
|
6.461.569
|
3.175.472
|
1.360.613
|
|
Short-term operating
liabilities |
1.761.777
|
1.780.763
|
6.877.569
|
9.613.932
|
|
SHORT-TERM
ACCRUED COSTS AND DEFERRED REVENUES |
125.835 |
352.728 |
1.403.958 |
5.088.585 |
|
Off-balance sheet items |
9.179.738
|
7.924.953
|
|
|
|
A. The enclosed profit and
loss account of 2010 is originated from official source, it is not
authenticated by the auditor. (31.12.2010 - 1 EUR) |
||||
|
profit
and loss account |
A 31.12.2010
|
B
31.12.2009 |
C
31.12.2008 |
D
31.12.2007 |
|
TOTAL REVENUES |
|
|
23.775.924
|
25.725.062
|
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TOTAL EXPENSES |
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|
21.991.639
|
14.954.011
|
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CAPITAL |
|
|
|
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Net
sales |
17.051.400 |
16.818.205 |
|
|
|
Changes
in the value of inventories of products and work-in-process |
|
448.502 |
|
|
|
Capitalised
own products and own services |
|
449 |
|
|
|
Other
operating revenues (with subventions, grants,...) |
|
51.288 |
|
|
|
GROSS
OPERATING YIELD |
|
|
|
|
|
Cost
of goods, material and services |
|
-11.400.429 |
8.848.132 |
2.964.286 |
|
Purchase value of goods and
materials sold and cost of material and cost of material used |
|
-2.002.028
|
|
|
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Cost of services |
|
-9.398.401
|
8.037.615
|
7.408.059
|
|
Labour
cost |
|
-4.167.425 |
4.083.522 |
3.265.340 |
|
thereof wages |
|
|
2.770.349
|
2.371.946
|
|
Cost of wages |
|
-2.941.182
|
|
|
|
Cost of pension insurance |
|
|
|
|
|
Cost of other social insurance
|
|
-477.246
|
|
|
|
Other labour cost |
|
-748.997
|
|
|
|
Write-offs |
|
-731.925 |
|
|
|
Depreciation |
|
-518.123
|
446.716
|
356.004
|
|
Revaluation operating expenses
for non-tangible assets and tangible fixed assets |
|
-4.413
|
|
|
|
Revaluation operating expenses
for current assets |
|
-209.389
|
|
|
|
Other operating expenses |
|
-210.933
|
62.478
|
74.252
|
|
OPERATING REVENUES |
|
|
23.482.284
|
25.555.607
|
|
Financial Revenues from salles
of goods, services and materials |
|
|
27.216.910
|
44.764.915
|
|
OPERATING
EXPENSES |
|
|
21.672.653 |
14.070.727 |
|
OPERATING
RESULT |
|
|
|
|
|
EBIT |
-458.468 |
|
|
|
|
Financial income from
investments in other enterprises |
0 |
|
0 |
0 |
|
Financial income from loans |
176.322
|
100.850
|
|
|
|
Financial income from
operating receivables |
22.866
|
24.269
|
|
|
|
Financial expenses from
depreciation and write-offs of financial investments |
0 |
0 |
0 |
105.947
|
|
Financial expenses from
financial liabilities |
485.540
|
-326.177
|
|
|
|
Financial expenses from operating
liabilities |
14.457
|
-22.604
|
|
|
|
Financial income |
199.188
|
|
240.583
|
167.265
|
|
Financial expenses |
499.997
|
|
316.851
|
871.317
|
|
Other revenues |
48.913
|
48.627
|
53.057
|
2.190
|
|
Other expenses |
1.190
|
-524
|
2.135
|
11.967
|
|
Total revenues |
19.625.601
|
|
|
|
|
Total
costs |
20.337.155 |
|
|
|
|
Total business result |
-711.554
|
|
|
|
|
Tax
on profit |
0 |
-36.016 |
|
|
|
Deferred taxs |
-109.462
|
-139.547
|
|
|
|
Net
business result for the accounting period |
-602.092 |
456.610 |
|
|
|
Write-offs of equity and other
financial investments |
|
|
316.851
|
765.370
|
|
EARNINGS BEFORE TAXES (EBT) |
|
|
1.784.285
|
10.771.051
|
|
INCOME TAX |
|
|
407.277
|
2.487.201
|
|
NET EARNINGS (E) |
|
|
1.377.008
|
8.283.850
|
|
|
||||
|
Ratios |
|
2007 |
2008 |
2009 |
2010 |
|
|
Equity ratio |
0,07
|
0,08
|
0,11
|
0,13
|
|
|
Cleared equity ratio |
0,07
|
0,08
|
-0,01
|
-0,03
|
|
|
Current liquidity |
1,76
|
1,45
|
1,64
|
0,81
|
|
|
Quick liquidity |
0,79 |
0,76 |
0,75 |
0,29 |
|
|
Working capital |
8297444 |
4554032 |
5305048 |
-1721477 |
|
|
Gearing |
13,47 |
11,82 |
8,86 |
7,86 |
|
|
Cleared gearing |
n/a |
n/a |
-41,52 |
-16,56 |
|
|
Profitability |
41,87 |
7,5 |
n/a |
-3,63 |
|
|
Operating profitability |
32,2 |
5,79 |
n/a |
-3,07 |
|
|
Stock days |
150 |
107 |
n/a |
85,12 |
|
|
Debtor days |
97,66 |
114 |
n/a |
42,54 |
|
|
Supplier days |
136 |
106 |
n/a |
32,77 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
|
|
1 |
Rs.77.46 |
|
Euro |
1 |
Rs.64.39 |
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.