MIRA INFORM REPORT

 

 

Report Date :           

23.02.2012

 

IDENTIFICATION DETAILS

 

Name :

KRKA, D.D., NOVO MESTO

 

 

Registered Office :

Smarjeska cesta 6, 8000 Novo mesto

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.01.1954

 

 

Com. Reg. No.:

Novo mesto, 10009700

 

 

Legal Form :

Joined Stocked Company

 

 

Line of Business :

Manufacture of pharmaceutical preparations

 

 

No. of Employees :

4.357

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EUR 24.000.000

Status :

Good

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Slovenia

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

Company identification

 

KRKA, d.d., Novo mesto

Phone

07 331 21 11

Smarjeska cesta 6

Telefax

07 332 15 37

8000 Novo mesto

E-Mail

info@krka.biz

Slovenia

Web

www.krka.si

 

 

 

Registration:

Novo mesto

Statistical Nr.

5043611

Registration Nr.

10009700

Tax Nr.

SI82646716

Status

 

 

 

Economic situation

 

Business connection

Business connection are permissible

 

Terms of payment

Within agreed terms

 

Credit Limit

24.000.000

EUR

 

 

Basic information

 

Legal form

Joined stocked Company

Founded

01/01/1954 as

19/12/1996 as Joined stocked Company

last entry on 20.9.2010 from 13.7.1989 - p.o.

from 19.12.1996 -    Joined stocked Company

Registration

19/12/1996, Novo mesto, 10009700 Statistical Nr.: 5043611 Tax Nr.: SI82646716

 

Owners and Capital

 

Name / Address / Status

From

Share

Head shareholders

9270004703

Slovenska odskodninska druZba d.d.

Statistical Nr.: 5727847

MALA ULICA 5, 1000 LJUBLJANA Slovenia

Phone Nr.: 01 3009110

Fax: 01 3009111

 

15%

9270004704

KAPITALSKA DRUZBA, d.d.

Statistical Nr.: 5986010

Dunajska cesta 119, 1000 Ljubljana Slovenia

Phone Nr.: 01 474 67 00 Fax: 01 474 67 47

E-mail: info.kad@kapitalska-druzba.si WWW: www.kapitalska-druZba.si

 

9,86 %

9270000254

KRKA, d.d., Novo mesto

Statistical Nr.: 5043611

Smarjeska cesta 6, 8000 Novo mesto Slovenia

Phone Nr.: 07 331 21 11 Fax: 07 332 15 37

E-mail: info@krka.biz WWW: www.krka.si

 

5,82 %

9270136156

NEW WORLD FUND INC

 

2,13 %

9270027855

HYPO BANK d.d.

Statistical Nr.: 1319175

Dunajska cesta 117, 1000 Ljubljana Slovenia

Phone Nr.: 01 580 40 00 Fax: 01 580 40 01

E-mail: hypo-bank@hypo.si WWW: www.hypo-alpe-adria.si

 

1,85 %

9270143464

SOCIETE GENERALE-SPLITSKA BANKA D.D. -

FIDUCIARNI

 

1,35 %

9270000092

LUKA KOPER, d.d.

Statistical Nr.: 5144353

Vojkovo nabreZje 38, 6000 Koper - Capodistria

Slovenia

Phone Nr.: 05 665 61 00 Fax: 05 639 50 20

E-mail: portkoper@luka-kp.si WWW: www.luka-kp.si

 

1,23%

9270005861

ZAVAROVALNICA TRIGLAV, d.d.

Statistical Nr.: 5063345

Miklosiceva cesta 19, 1000 Ljubljana Slovenia

Phone Nr.: 01 474 72 00 Fax: 01 474 71 59

E-mail: info@triglav.si WWW: www.triglav.si

 

1,1%

9270036080

TRIGLAV VZAJEMNI SKLADI - DELNISKI

TRIGLAV STEBER

Slovenska cesta 54, 1000 Ljubljana Slovenia

 

1,06%

9270036299

UniCredit Bank Austria AG

Wien Austria

 

1,04%

 

 

Registered capital

 

Currency

Value

EUR

59.126.194,28

 

 

Management

 

 

Name / Address / Status

Since            Power of attorney

Board of Directors

9270133295

Board member

Ales Rotar

Periceva ulica 29, 1000 Ljubljana Slovenia

 

9270133296

Board member

Danica Novak Malnar 8000 Novo mesto Slovenia

 

9270022530

President

JoZe Colaric

Lebanova 18, 8000 Novo mesto Slovenia

 

9270136153

Board member

Vinko Zupancic

Cresnjice 2a, 8222 Otocec Slovenia

 

9270133297

Board member

Zvezdana Bajc

Crmosnjice pri Stopicah 16a, 8000 Novo mesto Slovenia

 

Supervisory Board

 

9270133300

Vice chairman of the board of directors

Franc Sasek

Pristava pri Sentjerneju 6, 8310 Sentjernej Slovenia

9270021114

chairman of the supervisory board

JoZe Lenic

Lipova ulica 4, 1230 DomZale Slovenia

9270136155

member of the supervisory board

Julijana Kristl

Omersova ulica 20, 1000 Ljubljana Slovenia

9270133298

member of the supervisory board

Mateja Vreicer

Potok 5b, 8351 StraZa pri Novem mestu Slovenia

9270135461

Vice chairman of the board of directors

MatjaZ Rakovec

StaneZice 32D, 1210 Ljubljana Sentvid Slovenia

9270133303

member of the supervisory board

Mojca Osolnik Videmsek

Pregljeva ulica 17, 1000 Ljubljana Slovenia

9270136154

member of the supervisory board

Sergeja Slapnicar

Begunjska cesta 6c, 4248 Lesce Slovenia

9270133299

member of the supervisory board

TomaZ Sever

Ulica bratov Uicakar 6, 1000 Ljubljana Slovenia

9270036211

member of the supervisory board

Vincenc Mancek

Cesta brigad 40, 8000 Novo mesto Slovenia

 

 

Company addresses

 

Valid from

Residence address

Valid until

 

Smarjeska cesta 6, 8000 Novo mesto, Slovenia Phone: 07 331 21 11

Telefax: 07 332 15 37 E-Mail: info@krka.biZ Web: www.krka.si

 

 

 

Subsidiaries

 

 

Name / Address / Status

Valid from

Share

Owner

9270038250

TERME KRKA D.O.O.

Statistical Nr.: 5600120

LJUBLJANSKA CESTA 26, 8000 NOVO MESTO Slovenia

 

14.753.239 EUR

9270071628

IEDC d.o.o.

Statistical Nr.: 1197843

Presernova cesta 33, 4260 Bled Slovenia

 

242.114 EUR

Head shareholders

9270000254

KRKA, d.d., Novo mesto

Statistical Nr.: 5043611

Smarjeska cesta 6, 8000 Novo mesto Slovenia

 

6%

 

 

Business activities

 

Main activity

Nace

Manufacture of pharmaceutical preparations

21.20

Additional activities

Nace

 

company activity:

manufacture of pharmaceutical preparations, products for medical, veterinary, pharmaceutical raw materials, cosmetics, tourist services

major customers:

Kemofarmacija Ljubljana, Salus Ljubljana, Mariborska lekarna, Krka \ Farma Zagreb Croatia, Centrala Farmazeutiycna Varsava Poland ,Cerarm \ Rzeszow Varsava Poland , AO FIX

Interlizing Moskva Russia , Schulze Praga Czech Republic

Headquarters and business-production premises are located on the \ address above,

business unit in Ljubljana, Dunajska cesta 65,

production unit in Ljutomer, Ulica Rada Pusenjaka 65 and in Brsljin

 

 

Economic data

 

Turnover and Employees

Date

Turnover

Employees

2006

601.404.650 EUR

4005

2007

723.346.341 EUR

4891

2008

833.567.000 EUR

5250

2009

940.264.046 EUR

5260

2010

960.628.186 EUR

4533

 

Per 30.09.2011 - 4.357 employees


 

Group

Krka

per

31.12.2007:

6.777

employees

Group

Krka

per

31.12.2008:

7.602

employees

Group

Krka

per

31.12.2009:

7.975

employees

Group

Krka

per

31.12.2010:

8.569

employees

Group

Krka

per

30.9.2011 per 30.9.2011: 8.926 employees

 

Annual turnover 2011 (I-IX) EUR 718.752.000,--Net profit 2011 (I-IX) EUR 109.238.000,--

 

Group Krka:

Annual turnover 2006      EUR 687.019.028,--

Net profit 2006               EUR 112.086.438,--

Annual turnover 2007      EUR 798.273.000,--

Net profit 2007               EUR 132.853.000,--

Annual turnover 2008      EUR 961.566.000,--

Net profit 2008               EUR 155.891.000,--

Annual turnover 2009      EUR 1.056.894.000,--

Net profit 2009               EUR 173.685.000,--

Annual turnover 2010      EUR 1.029.881.000,--

Net profit 2010               EUR 170.918.000,--

Annual turnover 2011(I-IX) EUR 776.287.000,--

Net profit 2011(I-IX)         EUR 115.423.000,--

 

Import / Export

 

Import

Export

Percentage

Unknown

Unknown

Countries

Unknown

Croatia, Bosnia-Hercegovina, Serbia, Macedonia, Montenegro, Romania, Bulgaria, Poland, Hungary, CZech Republic, Slovakia, Russia, Ukraine, Great-Britain, Germany, France, Italy, Sweden, Finland, Norway, Belgium, Netherlands

 

Properties

Name

Detail

Currency

Value

Land

Company's property

, Novo mesto 8000, Slovenia

per 31.12.2010

EUR

17.283.000

(Official source)

Buildings

Company's property

, Novo mesto 8000, Slovenia

per 31.12.2010

EUR

201.335.000

(Official source)

 


Supplementary data

Remarks

full name of company:

KRKA, tovarna zdravil, d.d., Novo mesto

participation in capital:

Terme Krka d.o.o.Novo Mesto(100% share)

Krka-Farma d.o.o. Zagreb,Croatia(100% share)

Krka Romania S.R.L. Romania(100% share)

Krka-farma doo Beograd Serbia(100% share)

Krka-Farma Dooel Sklopje,Makedonija(100% share)

Krka-farma d.o.o.Sarajevo BiH(100% share)

OOO Krka-Rus,Istra, Russia (100% share)

OOO Krka Farma,Sergijev Posad,Russia(100% share)

Krka-Polska,Sp.z.o.o.Warshau,Poland(100% share)

Krka CR,s.r.o.,Praga, Czech Republic(100% share)

Krka Magyarorszag Kft,Budapest, Hungary(100% share)

Krka Slovensko s.r.o.Slovakia (100% share)

UAB KRKA Lietuva, Vilna, Lithuania (100% share)

TAD Pharma GmbH Germany(100% share)

Krka Sverige AB, Stockholm, Sweden(100% share)

KRKA Pharma GmbH, Wien, Austria (100% share)

KRKA FARMACEUTIKA, Unipessoal Lda., Estoril, Portugal(100% share)

Krka Pharma Dublin Limited, Dublin,Ireland (100% share)

Krka USA, LLC,Wilmigton, USA(100% share)

Golf Grad Otocec, d.o.o. (63,10% share) (stand per 31.12.2010)

representation in

Albania, Armenia, White Russia , Bulgaria, Bosnia and Herzegovina

Estonia, Georgia, India, Kazakhstan, China,

Kosovo, Latvia, Moldova,

Mongolia, Russia, Serbia, Ukraine, Uzbekistan,

Azerbaijan, ...

 

Banks

 

Code

Bank name / Address

Account Nr.

122

ABANKA VIPAd.d.

Slovenska cesta 58, 1517 Ljubljana , 1517,

SI56 0510 0800 0029

868

126

BANKA SPARKASSE d.d.

Cesta v Klece 15, 1000 Ljubljana , 1000,

SI56 3400 0100 1922

676

100

NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA

Trg republike 2, 1520 Ljubljana , 1250,

SI56 0297 0001 8014 811

104

SKB BANKA d.d. LJUBLJANA

Ajdovscina 4, 1513 Ljubljana , 1513,

SI56 0315 0100 5647

575

 


 

Main indices

 

Payment experience and credit opinion

Terms of payment                      Within agreed terms                  

 

Business connection

Business connection are permissible

 

Credit Limit

24.000.000

EUR

Business development

Company development

Positive

 

Business course

good

 

 

Events

No negative events registered.

 

 

Balance sheet

 

Balance          

31.12.2010 The enclosed balance of 2010 is originated from other source, it is authenticated by the auditor. 31.12.2009 The enclosed balance of 2009 is originated from official source, it is authenticated by the auditor. 31.12.2008 The enclosed balance of 2008 is originated from official source, it is authenticated by the auditor. 31.12.2007 The enclosed balance of 2007 is originated from official source, no data available about authentication.

 

 

 

31/12/2010

1

EUR

balance

31/12/2009

1

EUR balance

31/12/2008

1

EUR balance

31/12/2007

1

EUR balance

Name

Ref.

 

 

 

 

ASSETS (AKTIVA)

 

1.446.311.426

1.312.938.909

1.224.391.512

1.057.257.515

LONG-TERM ASSETS

 

809.048.604

786.261.360

768.822.483

712.262.848

Intangible assets and long-term deferred costs and accrued revenues

 

29.752.341

29.682.380

28.136.810

24.465.223

Intangible assets

 

29.752.341

29.682.380

 

 

Long-term deferred costs and accrued revenues

 

0

 

 

 

Tangible fixed assets

 

515.075.290

487.072.914

475.576.927

422.890.988

Long-term financial investments and Real estate investments

 

244.890.539

250.361.758

236.068.613

235.887.630

Investment property

 

0

 

 

 

Long-term financial investments

 

244.890.539

250.361.758

 

 

Long-term operating receivables

 

0

167.580

308.116

366.132

Deferred receivables for taxes

 

19.162.160

18.976.728

28.732.017

28.652.875

SHORT-TERM ASSETS

 

637.262.822

526.677.549

455.569.029

344.994.667

Short-term assets (without Short-term deferred costs and accrued revenues)

 

 

423.243.148

319.195.385

Assets (group for estrange) for sell

 

0

0

0

0

Inventories

 

164.290.906

138.727.836

170.206.200

127.276.344

Short-term financial investments

 

50.112.748

35.110.200

32.325.881

25.799.282

Short-term operating receivables

 

421.312.406

345.352.770

252.742.978

189.579.099

Cash assets

 

1.546.762

7.486.743

293.970

2.339.942

Short-term deferred costs and accrued rev­enues

 

0

0

0

0

Off-balance sheet items

 

6.211.880

5.706.510

 

LIABILITIES

 

1.446.311.426

1.312.938.909

1.224.391.512

1.057.257.515

Long-term sources (PASSIVA)

 

 

1.019.269.674

891.434.917

CAPITAL

 

1.058.154.405

932.010.103

797.202.521

672.009.813

Called-up capital

 

59.126.194

59.126.194

 

Basic (subscribed) capital

 

59.126.194

59.126.194

59.126.194

59.126.194

Non called-up capital (deductive item)

 

0

0

 

Capital reserves

 

101.503.490

101.503.490

120.992.000

101.503.490

Reserves from profit

 

726.812.770

607.527.921

485.211.000

386.119.574

Surplus from revaluation

 

1.766.984

2.103.350

-19.489.000

6.824.165

Retained net

 

62.284.849

57.936.758

43.233.000

37.415.839

Net business result for the business year

 

106.660.118

103.812.390

108.130.000

81.020.551

PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES

 

104.299.602

101.422.715

140.162.000

 

FINANCIAL AND BUSINESS LIABILITIES

 

283.857.419

279.506.091

277.922.000

 

LONG-TERM LIABILITIES

 

67.241.746

104.362.201

222.067.153

219.425.104

Provisions and long-term accrued costs and de­ferred revenues

 

 

140.161.801

132.906.576

Long-term liabilities

 

 

81.905.352

86.518.528

Long-term financial liabilities

 

66.800.000

103.836.364

81.209.091

83.200.000

Long-term operating liabilities

 

0

0

0

0

Deferred liabilities for taxes

 

441.746

525.837

 

Short-term liabilities and accruals

 

 

205.121.838

165.822.598

SHORT-TERM LIABILITIES

 

216.615.673

175.143.890

205.121.838

165.822.598

Liabilities, included in groups for estrange

 

0

0

 

Short-term financial liabilities

 

55.996.309

47.793.306

85.575.987

64.460.817

Short-term operating liabilities

 

160.619.364

127.350.584

119.545.851

101.361.781

SHORT-TERM ACCRUED COSTS AND DE­FERRED REVENUES

 

0

0

0

0

Off-balance sheet items

 

6.211.880

5.706.510

 

 


 

Profit and loss accounts          

31.12.2010 The enclosed profit and loss account of 2010 is originated from other source, it is authenticated by the auditor. 31.12.2009 The enclosed profit and loss account of 2009 is originated from official source, it is authenticated by the auditor. 31.12.2008 The enclosed profit and loss account of 2008 is originated from official source, it is authenticated by the auditor. 31.12.2007 The enclosed profit and loss account of 2007 is originated from official source, no data available about authentication.

 

Name                                                               Ref.      31/12/2010        31/12/2009        31/12/2008        31/12/2007

1                      1                      1                      1

EUR                 EUR                 EUR                 EUR    

Profit &                         profit &              profit  &             profit  &

loss account      loss account      loss account      loss

account

 

TOTAL REVENUES                                                                                                   862.110.459      723.346.341

TOTAL EXPENSES                                                                                                   656.392.578      559.148.980

CAPITAL

Net sales                                                                      931.373.353      850.122.794

Changes in the value of inventories of products

and work-in-process                                                    11.357.663        -18.670.496

Capitalised own products and own services                            0                      0

Other operating revenues (with subventions,

grants,...)                                                                     6.820.158          95.954.139

GROSS OPERATING YIELD                                          949.551.174      927.406.437

Cost of goods, material and services                                503.733.434      414.417.599  203.287.997 175.768.210

Purchase value of goods and materials sold and

cost of material and cost of material used                        261.697.501      208.535.528

Cost of services                                                             242.035.933      205.882.071 190.951.882 145.370.146

Labour cost                                                                  162.538.802      166.987.470 160.243.607 140.073.795

thereof wages                                                                                                           130.235.717   111.851.431

Cost of wages                                                                128.574.098       136.564.421

Cost of pension insurance                                               16.473.206        14.377.817

Cost of other social insurance                                         9.786.219          8.295.262

Other labour cost                                                           7.705.297          7.749.970

Write-offs                                                                     68.502.627        68.035.200

Depreciation                                                                  60.735.288        58.794.993        53.673.339  45.742.116

Revaluation operating expenses for non-tangible

assets and tangible fixed assets                                     1.444.661          1.776.062

Revaluation operating expenses for current assets            6.322.678          7.464.145

Other operating expenses                                               15.261.072        65.134.120        18.910.343  26.261.738

OPERATING REVENUES                                              938.193.511      946.076.933   856.671.171 706.552.663

Financial Revenues from salles of goods, services

and materials                                                                                                              826.159.748  686.728.668

OPERATING EXPENSES                                               750.035.935      714.574.389  633.416.977 538.853.387

OPERATING RESULT                                                   188.157.576      231.502.544

EBIT                                                                             199.515.239      212.832.048

Financial income from investments in other enterprises 489.910                 9.549.613         3.038.824  10.936.792

 


Name                                                               Ref.      31/12/2010        31/12/2009        31/12/2008        31/12/2007

1                      1                      1                      1

EUR                 EUR                 EUR                 EUR    

Profit &                         profit &              profit  &             profit  &

loss account      loss account      loss account      loss

account

 

Financial income from loans                                            2.709.755          2.108.238

Financial income from operating receivables                     7.437.137          501.876

Financial expenses from depreciation and writeoffs

of financial investments                                                   3.344.845          898.184             3.705.170          93.987

Financial expenses from financial liabilities                       3.512.286          6.096.273

Financial expenses from operating liabilities                     124.952             3.145.019

Financial income                                                            10.636.802        12.159.727        4.855.605          16.359.551

Financial expenses                                                        6.982.083          10.139.476        22.780.050        20.245.310

Other revenues                                                              440.210             697.882             583.683             434.127

Other expenses                                                             213.578             1.894.518          195.551             50.283

Total revenues                                                               960.628.186      940.264.046

Total costs                                                                    757.231.596      726.608.383

Total business result                                                      203.396.590      213.655.663

Tax on profit                                                                  37.662.006        33.087.984

Deferred taxs                                                                 -185.432            9.755.289

Net business result for the accounting period                    165.920.016      170.812.390

Write-offs of equity and other financial investments                                                              19.074.880      20.151.323

EARNINGS BEFORE TAXES (EBT)                                                                                   205.717.881   164.197.361

INCOME TAX                                                                                                                 44.588.634       37.676.810

NET EARNING  S (E)                                                                                                     161.129.247 126.520.551           

Balance          

30.9.2011 The enclosed balance of 2011 is originated from official source, it is not authenticated by the auditor.

 

Name                                                                           30/09/2011

1

EUR balance

ASSETS (AKTIVA)                                                      1.441.660.000

LONG-TERM ASSETS                                                811.912.000

Intangible assets and long-term deferred costs

and accrued revenues                                      

Intangible assets                                                           29.050.000

Long-term deferred costs and accrued revenues 

Tangible fixed assets                                                   520.794.000

Long-term financial investments and Real estate investments       

Investment property                                         

Long-term financial investments                                    242.877.000

Long-term operating receivables                                    163.000

Deferred receivables for taxes                                       19.028.000

SHORT-TERM ASSETS                                              629.748.000

Assets (group for estrange) for sell                    

Inventories                                                                  188.600.000

Short-term financial investments                                   64.538.000

Short-term operating receivables                                   367.495.000

Cash assets                                                               9.115.000

Short-term deferred costs and accrued rev­enues      

Off-balance sheet items                                   

LIABILITIES                                                               1.441.660.000

CAPITAL                                                                   1.103.769.000

Called-up capital                                                         59.126.000

 

Basic (subscribed) capital                                               59.126.000

Non called-up capital (deductive item)

Capital reserves

Reserves from profit

Surplus from revaluation

Retained net

Net business result for the business year

PROVISIONS AND LONG-TERM ACCRUED

COSTS AND DEFERRED REVENUES

FINANCIAL AND BUSINESS LIABILITIES

LONG-TERM LIABILITIES                                             173.409.000

Long-term financial liabilities

Long-term operating liabilities

Deferred liabilities for taxes

SHORT-TERM LIABILITIES                                           164.482.000

Liabilities, included in groups for estrange

Short-term financial liabilities

Short-term operating liabilities

SHORT-TERM ACCRUED COSTS AND DEFERRED

REVENUES

Off-balance sheet items

 

Profit and loss accounts

30.9.2011 The enclosed profit and loss account of 2011 is originated from official source, it is not authenticated by the auditor.

 

Name                                                                           30/09/2011

1

EUR

profit and

loss account

CAPITAL

Net sales                                                                      705.183.000

Changes in the value of inventories of products

and work-in-process

Capitalised own products and own services

Other operating revenues (with subventions,

grants,...)                                                                      3.490.000

GROSS OPERATING YIELD

Cost of goods, material and services

Purchase value of goods and materials sold and

cost of material and cost of material used

Cost of services

Labour cost

Cost of wages

Cost of pension insurance

Cost of other social insurance

Other labour cost

Write-offs

Depreciation

Revaluation operating expenses for non-tangible

assets and tangible fixed assets

Revaluation operating expenses for current assets

Other operating expenses

OPERATING REVENUES

OPERATING EXPENSES

OPERATING RESULT

EBIT

Financial income from investments in other enterprises

Financial income from loans

Financial income from operating receivables

Financial expenses from depreciation and writeoffs

of financial investments

Financial expenses from financial liabilities

Financial expenses from operating liabilities

Financial income                                                            10.079.000

Financial expenses                                                        23.105.000

Other revenues

Other expenses

Total revenues

Total costs

Total business result                                                      134.973.000

Tax on profit                                                                25.735.000

Deferred taxs

Net business result for the accounting period 109.238.000

 

 

Financial Ratios

Name

Ref.

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Equity ratio

1

0,04

0,04

0,05

0,06

Cleared equity ratio

2

0,04

0,04

0,06

0,05

Current liquidity

3

2,94

3,01

2,22

2,08

Quick liquidity

4

2,18

2,22

1,39

1,31

Working capital

5

420647149,00

351533659,00

250447191,00

179172069,00

Gearing

6

24,46

22,21

20,71

17,88

Cleared gearing

7

2,14

2,66

2,12

2,82

Profitability       

8

21,17

22,72

23,86

22,70

Operating profitability

9

17,27

18,17

18,69

17,49

Stock days

10

62,42

53,85

72,06

64,22

Debtor days

11

160,08

134,06

107,01

95,66

Supplier days   

12

61,03

49,44

50,61

51,15

                                   


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.25

UK Pound

1

Rs.76.75

Euro

1

Rs.65.16

 

 

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.