MIRA INFORM REPORT
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Report Date : |
06.01.2012 |
IDENTIFICATION DETAILS
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Name : |
SUSAM TRADE D.O.O. |
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Registered Office : |
Belicka 8., Beograd (grad) |
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Country : |
Serbia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
08.06.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale trading of rice, peanuts etc. |
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No. of Employees
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Not Available |
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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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Serbia |
c1 |
c1 |
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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 & address
SUSAM TRADE D.O.O.
Preduzece Za Trgovinu, Promet I Usluge Susam Trade Doo Beograd
Belicka 8
RS 11000 Beograd (grad)
Tel: +381
11/6445995, 64/4430461
Fax: +381
11/6445995
Company summary
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Legal form |
Ltd. - Limited Liability company |
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Established |
08.06.2006 |
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Registered |
National Identification Number: 20169524 PIB (Value Added Tax): 104490062 Serbian Business Registers Agency Nr.
123219 |
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Establisher |
Milanco Grozdanov Macedonia |
100.00% |
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Basic capital |
RSD 44,000 (31.12.2010) |
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Management |
Milanco Grozdanov, Director |
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Activity |
Basic activity (according to National
activity classification): Wholesale trading of rice, peanuts etc. Import from: Macedonia, India, China |
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Business Premises |
Registered Address: Belicka 8., Beograd
(grad) |
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Motor pool |
Data not available |
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Revenue |
2010 revenue |
RSD |
10,813,000 |
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2009 revenue |
RSD |
4,714,000 |
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2008 revenue |
RSD |
7,326,000 |
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2007 revenue |
RSD |
1,963,000 |
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2006 revenue |
RSD |
881,000 |
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Real estate |
none |
Financial
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Balance Sheet |
RSD (x 1,000) |
31.12.2010 |
31.12.2009 |
31.12.2008 |
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FIXED ASSETS |
0 |
0 |
0 |
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Subscribed capital unpaid |
0 |
0 |
0 |
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Intangible fixed assets |
0 |
0 |
0 |
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Tangible fixed assets |
0 |
0 |
0 |
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Other fixed assets |
0 |
0 |
0 |
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CURRENT ASSETS |
6,136 |
2,315 |
2,601 |
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Inventories |
4,773 |
1,116 |
762 |
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Short – term loans |
1,363 |
1,199 |
1,839 |
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*Cash and cash equivalent |
165 |
24 |
42 |
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Other current assets |
0 |
0 |
0 |
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LOSS |
0 |
0 |
0 |
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TOTAL ASSETS |
6,136 |
2,315 |
2,601 |
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EQUITY |
485 |
317 |
114 |
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Capital |
44 |
44 |
44 |
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Subscribed capital unpaid |
0 |
0 |
0 |
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Reserves |
0 |
0 |
0 |
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Revalorization reserves |
0 |
0 |
0 |
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Undistributed Income |
478 |
310 |
107 |
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Loss |
37 |
37 |
37 |
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Treasury shares |
0 |
0 |
0 |
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LONG TERM RESERVATIONS |
0 |
0 |
0 |
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LONG TERM LIABILITIES |
0 |
0 |
0 |
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SHORT TERM LIABILITIES |
5,651 |
1,998 |
2,487 |
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OTHER LIABILITIES |
0 |
0 |
0 |
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TOTAL LIABILITIES |
6,136 |
2,315 |
2,601 |
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Profit
And Loss Account |
RSD (x 1,000) |
31.12.2010 |
31.12.2009 |
31.12.2008 |
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OPERATING REVENUES |
10,813 |
4,714 |
7,287 |
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Sales of goods |
10,813 |
4,714 |
7,287 |
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OPERATING EXPENSES |
10,294 |
4,293 |
6,972 |
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Costs of goods sold |
10,092 |
4,231 |
5,854 |
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Raw materials costs |
0 |
0 |
0 |
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Salaries, wages and other
personal indemnities |
0 |
0 |
0 |
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Deprecation and provision
costs |
0 |
0 |
0 |
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Other operating expenses |
202 |
62 |
1,118 |
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FINANCIAL REVENUES |
0 |
0 |
39 |
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FINANCIAL EXPENSES |
275 |
166 |
368 |
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Financial P/L |
(275) |
(166) |
(329) |
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OTHER REVENUES |
0 |
0 |
0 |
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OTHER EXPENSES |
57 |
34 |
23 |
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Other P/L |
(57) |
(34) |
(23) |
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Profit from regular business
operations before tax |
187 |
221 |
0 |
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Loss from regular business
operations before tax |
0 |
0 |
37 |
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Net profit of businesses to be ceased |
0 |
0 |
0 |
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Net loss of businesses to be ceased |
0 |
0 |
0 |
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Profit before taxation |
187 |
221 |
0 |
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Loss before taxation |
0 |
0 |
37 |
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Taxation on profit |
19 |
18 |
0 |
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Personal indemnities paid to
employer |
0 |
0 |
0 |
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TOTAL REVENUES |
10,813 |
4,714 |
7,326 |
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TOTAL EXPENSES |
10,626 |
4,493 |
7,363 |
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PROFIT OF THE PERIOD |
168 |
203 |
0 |
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LOSS OF THE PERIOD |
0 |
0 |
37 |
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Number of employees |
0 |
0 |
0 |
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Ratios |
RSD (x 1,000) |
31.12.2010 |
31.12.2009 |
31.12.2008 |
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Financial stability ratio |
0.10 |
0.28 |
0.15 |
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Equity ratio % |
7.90 |
13.69 |
4.38 |
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Debt to equity (Worth) |
11.65 |
6.30 |
21.82 |
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Liquidity ratio |
0.24 |
0.60 |
0.74 |
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Current ratio |
1.09 |
1.16 |
1.05 |
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Total assets turnover |
1.76 |
2.04 |
2.80 |
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Average collection period in days |
46 |
93 |
92 |
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Profit margin % |
1.55 |
4.31 |
(0.51) |
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Return on total assets % |
2.74 |
8.77 |
(1.42) |
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Return on equity % |
34.64 |
64.04 |
(32.46) |
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Total assets per employee (ths.) |
0.00 |
0.00 |
0.00 |
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Equity per employee (ths) |
0.00 |
0.00 |
0.00 |
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Total revenue per employee (ths.) |
0.00 |
0.00 |
0.00 |
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Inventories turnover |
2.27 |
4.22 |
9.56 |
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Profit per employee (ths.) |
0.00 |
0.00 |
0.00 |
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Loss per employee (ths.) |
0.00 |
0.00 |
0.00 |
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Average net to salaries (ths.) |
0.00 |
0.00 |
0.00 |
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Corporate structure |
Rep. Offices in Serbia: none Rep. Offices abroad: none Affiliates: not identified Subsidiaries: not identified Immediate parent company: none |
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Other info |
Short company name: SUSAM TRADE DOO BEOGRAD (SUSAM TRADE Ltd. BEOGRAD) |
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Our analyst contacted subject and received information that there is
no employees. |
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Exchange rate |
31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006 31.12.2005 31.12.2004 31.12.2003 31.12.2002 31.12.2001 |
EUR 1 = RSD 105.50 EUR 1 = RSD 95.70 EUR 1 = RSD 88.60 EUR 1 = RSD 79.24 EUR 1 = RSD 80.00 EUR 1 = RSD 85.94 EUR 1 = RSD 78.89 EUR 1 = RSD 68.31 EUR 1 = RSD 61.52 EUR 1 = RSD 59.71 |
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Inflation |
2007: 2006: 2005: 2004: 2003: |
10.10% 12.70% 16.50% 10.10% 11.70% |
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Bankers |
BANCA INTESA A.D. Beograd Milentija Popovica 7 b 160-261220-79 |
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No unsettled liability was registered during last 12 months. |
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Debt collection |
Case Registered: |
- |
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Case Status: |
There is no record of any debt collection action. |
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Mode
of payment |
As
a rule payments are made on time according to conditions, in some cases there
have been delays. |
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Credit
opinion |
Credits
require securities |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.78 |
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UK Pound |
1 |
Rs.82.33 |
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Euro |
1 |
Rs.68.19 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.