MIRA
INFORM REPORT
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Report Date : |
12.02.2012 |
IDENTIFICATION DETAILS
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Name : |
AROMA PRAHA, A.S. |
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Registered Office : |
Židovice 64, 411 83 Hrobce |
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Country : |
Czech Republic |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.11.1993 |
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Legal Form : |
Public limited company |
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Line of Business : |
Manufacture of condiments and seasonings |
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No. of Employees : |
60 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
EUR 26 299,- |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Czech Republic |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Aroma Praha, a.s.
Židovice 64
411 83 Hrobce
telephone: 00420/ 416 809 220
telefax: 00420/ 416 809 219
e-mail: aroma@aroma.cz
Web: www.aroma.cz
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Company
development |
Stagnant company
development |
(40) |
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Order situation |
Retrograde order
situation |
(40) |
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Terms of payment |
mostly within
agreed terms, but partly also delayed |
(32) |
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Business
connection |
Business
connections appear permissible |
(31) |
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Credit limit |
EUR
26 299,- |
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Legal form |
Public limited company |
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Foundation |
01/11/1993 - Public limited company |
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Comp. Register |
08/12/2004, Krajský soud Ústí nad Labem, RegNr.:
B/1587 |
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Share Capital |
01/11/1993 |
CZK |
80 723 000,-
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04/07/2003 |
CZK |
70 274 000,- |
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70 274 bearer shares in documentary form
at nominal value |
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Main Shareholder
|
AROCO, spol. s
r.o. (Statistical number: 43870571) |
% |
88,97 |
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Board of
Directors |
Ing. Hynek
Strnad (09.03.1948) |
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Ing. Miroslav
Lejko (13.11.1949) |
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Ing. Marek
Strnad (24.03.1953) |
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Jiří Lejko (05.06.1951) |
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Ing. Pavel Foret (25.01.1970) |
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Supervisory
Board |
Ing. Václav Srna (02.08.1942) |
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prof.Ing. Libor
Červený, DrSc. (02.07.1942) |
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Jaroslav Beneš (02.12.1950) |
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General Data |
Production of seasonings (liquid and
powder), herbal extracts, etc., |
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Main activity: |
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Export: |
30% |
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Import: |
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Address: |
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Spálená 59/114, 111 26 Praha 1 |
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Novovysočanská 46, 190 00 Praha 9 -
Vysočany |
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Staff |
2001 |
120 employees |
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2002 |
120 employees |
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2008 |
90 employees |
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2012 |
60 employees |
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Annual Sales |
2003 |
actual sales |
CZK |
172 757 000,-
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2004 |
actual sales |
CZK |
166 318 000,-
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2005 |
actual sales |
CZK |
138 974 000,-
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2006 |
actual sales |
CZK |
146 749 000,-
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2007 |
actual sales |
CZK |
117 000 000,-
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2008 |
actual sales |
CZK |
103 298 000,-
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2009 |
actual sales |
CZK |
91 322 000,-
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2010 |
actual sales |
CZK |
93 543 000,-
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2011 |
projected sales |
CZK |
90 000 000,-
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Property |
Property of the company: |
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Balance sheets |
The enclosed profit/loss account of 2010
from business register, -. (31.12.2010 - 1 CZK) |
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|
The enclosed balance of 2010 from business
register, -. (31.12.2010 - 1 CZK) |
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Remarks |
The company is a
holder of ISO 9001 and ISO 14001 certificates. |
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Contact: |
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Bankers |
Raiffeisenbank, a. s. |
(5500) |
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Copyright:
Creditreform 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. |
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|
balance
|
31.12.2008
(CZK) |
31.12.2009
(CZK) |
31.12.2010
(CZK) |
|
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r1 |
TOTAL
ASSETS |
134 728 000 |
126 282 000 |
124 427 000 |
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r2 |
Receivables for subscriptions |
0 |
0 |
0 |
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r3 |
Fixed
assets |
61 390 000 |
61 627 000 |
59 570 000 |
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r4 |
Intangible
fixed assets |
4 039 000 |
3 779 000 |
3 456 000 |
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r13 |
Tangible
fixed assets |
57 351 000 |
57 848 000 |
56 114 000 |
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r23 |
Long-term
financial assets |
0 |
0 |
0 |
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r31 |
Current
assets |
72 869 000 |
64 415 000 |
64 461 000 |
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r32 |
Inventory
|
42 711 000 |
42 711 000 |
43 641 000 |
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r39 |
Long-term
receivables |
0 |
0 |
0 |
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r48 |
Short-term
receivables |
19 803 000 |
16 967 000 |
17 610 000 |
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r58 |
Short-term
financial assets |
10 355 000 |
8 637 000 |
2 993 000 |
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r63 |
Accruals
|
469 000 |
240 000 |
396 000 |
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r67 |
TOTAL
LIABILITIES |
134 728 000 |
126 282 000 |
124 427 000 |
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|
r68 |
Equity
|
96 157 000 |
91 410 000 |
88 858 000 |
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r69 |
Registered
capital |
70 274 000 |
70 274 000 |
70 274 000 |
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r73 |
Capital
funds |
0 |
0 |
0 |
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r78 |
Reserve
funds, statutory reserve account for cooperatives, and other retained
earnings |
13 000 |
20 000 |
24 000 |
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r81 |
Profit
/ loss - previous years |
22 597 000 |
25 790 000 |
21 016 000 |
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r84 |
Profit
/ loss - current year (+/-) |
3 273 000 |
-4 674 000 |
-2 456 000 |
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r85 |
Other
sources |
38 571 000 |
34 872 000 |
35 569 000 |
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r86 |
Reserves
|
0 |
0 |
0 |
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r91 |
Long-term
payables |
3 058 000 |
3 361 000 |
3 463 000 |
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r102 |
Short-term
payables |
16 046 000 |
12 482 000 |
17 141 000 |
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r114 |
Bank
loans and financial accommodations |
19 467 000 |
19 029 000 |
14 965 000 |
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r118 |
Accruals
|
0 |
0 |
0 |
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profit/loss
account |
31.12.2008
(CZK) |
31.12.2009
(CZK) |
31.12.2010
(CZK) |
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|
a1 |
Turnover |
103 298 000 |
91 322 000 |
93 543 000 |
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a4 |
Sale
margin |
16 000 |
61 000 |
54 000 |
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a5 |
Production
|
103 298 000 |
91 322 000 |
93 543 000 |
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a9 |
Production
consumption |
73 284 000 |
64 903 000 |
66 014 000 |
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a12 |
Added
value |
30 030 000 |
26 480 000 |
27 583 000 |
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a13 |
Personnel
expenses |
28 568 000 |
24 997 000 |
24 611 000 |
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a31 |
Operating
profit / loss |
5 766 000 |
-2 318 000 |
-653 000 |
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a49 |
Profit
/ loss from financial operations ( transactions ) |
-2 143 000 |
-2 155 000 |
-1 701 000 |
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a50 |
Income
tax on ordinary income |
353 000 |
303 000 |
102 000 |
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a53 |
Operating
profit / loss ordinary activity |
3 270 000 |
-4 776 000 |
-2 456 000 |
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a59 |
Operating
profit / loss extraordinary activity |
3 000 |
102 000 |
0 |
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a61 |
Profit
/ loss of current accounting period (+/-) |
3 273 000 |
-4 674 000 |
-2 456 000 |
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a62 |
Profit
/ loss before tax (+/-) |
3 626 000 |
-4 371 000 |
-2 354 000 |
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Receivables
after due date total |
|
8 000 000 |
8 379 000 |
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Liabilities
after due date total |
|
3 236 000 |
4 340 000 |
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Liabilities more than 180 days
after due date |
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0 |
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Balance
indices |
|
31.12.2008
|
31.12.2009
|
31.12.2010
|
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Return on total assets ROA (in
%) |
a62/r1 * 100 |
2,69 |
-3,46 |
-1,89 |
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Return on equity ROE (in %) |
a62/r68 * 100 |
3,77 |
-4,78 |
-2,65 |
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Return on sales ROS (in %) |
a62/a1 * 100 |
3,51 |
-4,79 |
-2,52 |
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Turnover of receivables (in
days) |
r49/a1 * 365 |
n/a |
n/a |
n/a |
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Turnover of liabilities (in
days) |
r103/a1 * 365 |
n/a |
n/a |
n/a |
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Turnover of inventories (days)
|
r32/a1 * 365 |
150,92 |
170,71 |
170,28 |
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Net working capital (in ths.
CZK) |
r31 - r102 - r116 - r117 |
56 823,00 |
51 933,00 |
47 320,00 |
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Ratio of accounts payable to
accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
103,66 |
107,09 |
85,47 |
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Ratio of profit/loss to
tangible assets (in%) |
r3 / a1 * 100 |
59,43 |
67,48 |
63,68 |
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Current ratio |
r31 / (r102+r116+r117) |
n/a |
n/a |
n/a |
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Quick ratio |
(r58+r48) / (r102+r116+r117) |
1,88 |
2,05 |
1,20 |
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Cash ratio |
r58 / (r102+r116+r117) |
n/a |
n/a |
n/a |
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Debt ratio I (in %) |
(1-r68/r67) * 100 |
28,63 |
27,61 |
28,59 |
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Debt ratio II (in %) |
r85/r67 * 100 |
28,63 |
27,61 |
28,59 |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
|
|
1 |
Rs.78.35 |
|
Euro |
1 |
Rs.65.79 |
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.