MIRA INFORM REPORT

 

 

Report Date :

14.01.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

DOO EMILIO STECHER PRIJEPOLJE, VELIKA ŽUPA

 

 

Registered Office :

SRB- 31300 Prijepolje-Vinicka; Velika Zupa bb

 

 

Country :

Kosovo

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

04.06.2007

 

 

Com. Reg. No.:

БД 33917/2007

 

 

Legal Form :

Limited liability Company

 

 

Line of Business :

NACE 2370 cutting, modeling and preparation of stone

 

 

No. of Employees :

32

 

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 :

€20.000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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.

REGISTERED NAME & COMPANY SUMMARY

 

Full Company name:                  DOO EMILIO STECHER PRIJEPOLJE, VELIKA ŽUPA

Address                                    SRB- 31300 Prijepolje-Vinicka; Velika Zupa bb

Telephone                                 +381 33 712 593; +381 33 743 861

http://www.emiliostecher.rs/en/

 

Legal form:                      Limited liability Company;                     IDN 20296666                           

Tax No.: 105031452

 

Establishment:              04.6.2007.        

 

Registration:                  07.6.2007-With Serbian Business Registers Agency;        Reg. No.: БД 33917/2007

 

CREDIT recommendation

 

Current Credit Limit: €20.000

 

DIRECTORS/MANAGEMENT

 

Management:                  Director Mr. Armin Podbicanin;                          IDN 2903984793933

                                      Deputy Mrs. Dalida Kajevic;                              IDN 2809974798914

                                      Authority Mr. Meša Podbićanin

 

 

NEGATIVE INFORMATION

 

Na

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Institutional capital:          200.500,00 EUR 16.05.2008

 

Shareholders:                  1. Mr. Emilio Isidoro Stecher, Swiss                                                                  35%

                                       2. Mr. Meša Podbićanin, Swiss                                                                        30%

                                      3. CompanyEMILIO STECHER AG. GRANIT-UND MARMORWERK, Swiss          35%

 

 

 

PAYMENT INFORMATION

 

Na

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Na

 

FINANCIAL INFORMATION

 

Financial data in 000 DIN (official data)

 

31.12.2007.

31.12.2008.

31.12.2009.

31.12.2010.

BALANCE SHEET

1€=85.50 DIN

1€=88.60 DIN

1€=96 DIN

1€=106 DIN

 

 

 

 

 

LIABILITIES

 

 

 

 

A.EQUITY

325

117145

17471

17682

I. CAPITAL

40

116506

16364

16364

VII. RETAINED EARNINGS

285

639

1107

13180

0VIII. LOSS

0

0

0

0

B. LONG-TERM PROVISIONS AND LIABILITIES

 

 

 

 

G. TOTAL LIABILITIES

10890

139418

107975

124053

 

 

 

 

 

31.12.2007.

31.12.2008.

31.12.2009.

31.12.2010.

PROFIT AND LOSS ACCOUNT

1€=85.50 DIN

1€=88.60 DIN

1€=96 DIN

1€=106 DIN

A. OPERATING INCOME AND EXPENSES

 

 

 

 

I.OPERATING INCOME

2035

16976

50433

75918

đ. NET PROFIT

284

356

466

211

E. NET LOSS

0

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Na

           

 

ADDITIONAL INFORMATION

 

Activities:                        NACE 2370 cutting, modeling and preparation of stone

 

“…Company History EMILIO STECHER

 

 

EMILIO STECHER was established in Switzerland 1944th (today third generation of this family). EMILIO STECHER guarantees the best quality processing natural stone. We process stone combining the traditional way of the old masters and modern technology. During 65 years the company EMILIO STECHER has acquired a number of reliable suppliers and clients in Switzerland. The company has become number 1 in Switzerland!

Natural stone is long-lasting and worthy. It’s important property is endurance and our task is to show the real worth of this material. Processing of stone in our company means the combination of traditional old masters and modern technology of today. We brought the tradition of successful business in Serbia in Prijepolje, where we already exist for 3 years.

Proof that old Latin phrase "where the heart is, there is your home” is not just a cliché. Meša Podbićanin, Director of the company, wants to employ young people to give them a better opportunity in this underdeveloped region. With this investment over 3 million euro, we hope to bring back faith in a brighter future for Prijepolje.

EMILIO STECHER was established in Switzerland 1944th (today third generation of this family). EMILIO STECHER guarantees the best quality processing natural stone. We process stone combining the traditional way of the old masters and modern technology. During 65 years the company EMILIO STECHER has acquired a number of reliable suppliers and clients in Switzerland. The company has become number 1 in Switzerland!

Natural stone is long-lasting and worthy. It’s important property is endurance and our task is to show the real worth of this material. Processing of stone in our company means the combination of traditional old masters and modern technology of today. We brought the tradition of successful business in Serbia in Prijepolje, where we already exist for 3 years.

 

Proof that old Latin phrase "where the heart is, there is your home” is not just a cliché. Meša Podbićanin, Director of the company, wants to employ young people to give them a better opportunity in this underdeveloped region. With this investment over 3 million euro, we hope to bring back faith in a brighter future for Prijepolje.

 

 

Is natural stone in trend?

 

 

With respect to aesthetics and value sustainability, it is safe to say that there is no alternative to natural stones as a building material. More than 1000 different types of natural stones are being traded throughout Europe. As far as colors are concerned, virtually all needs can now be met.

 

In the bulk market of kitchen bench tops, natural stones have now gained a 60% share, and are widely recognized as the prime kitchen work surface. The choice in colours and textures is unique. Natural stone is harmonic in combination with wood, stainless steel or glass and offers nearly unlimited variety in designing.

Employees

 

We employ 32 employees and in near future we hope to reach 50 employees. EMILIO STECHER offers young people educate themselves using modern technology such as CNC and Waterjet machines for stone.

 

 

Manufacture and processing of stone

 

FIn our high-capacity production unit we can manufacture products according to your plans, drafts and wishes. We have available one of Europe's most powerful production sites, which enable us to manufacture your natural stone according to your personal wishes for kitchen, bathroom, shower tray, table, or as a custom product.

 

This is made possible by using the latest, computerized-numerically controlled (CNC) and Water jet blade machines. Due to this cutting-edge technology, we are able to deliver the highest quality products on schedule.

 

We thereby attach great importance to environmentally friendly production….”

 

 

Employees:                     2007-1;            2008-7              2009-27             2010-32

Turnover                          Included/

Assets/Liabilities             Included

 

Bankers:

                                     

265-3090310000205-57Raiffeisen banka A.D.- Beograd    

160-323181-48Banca Intesa A.D.- Beograd         

220-102593-94ProCredit Bank A.D.- Beograd      

170-30007335000-90Unicredit Bank Srbija A.D.- Beograd

255-6044-76Privredna banka Beograd A.D.- Beograd        

335-14443-88Razvojna banka Vojvodine A.D. - Novi Sad   

Accounts

Foreign exchange accounts

 

265-1000000111106-25Raiffeisen banka A.D.- Beograd    

265-1000000111107-22Raiffeisen banka A.D.- Beograd    

220-6230200000576-96ProCredit Bank A.D.- Beograd      

255-70100020864-31Privredna banka Beograd A.D.- Beograd        

160-50100222113-22Banca Intesa A.D.- Beograd

170-30007335001-87Unicredit Bank Srbija A.D.- Beograd

170-30007335002-84Unicredit Bank Srbija A.D.- Beograd

170-30007335003-81Unicredit Bank Srbija A.D.- Beograd

 

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.43

UK Pound

1

Rs.79.10

Euro

1

Rs.66.17

 

 

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

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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%)

 

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.