|
Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ASTENJOHNSON, S.R.O. |
|
|
|
|
Registered Office : |
Bezová 1658 140 00 Praha 4 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
12.07.2004 |
|
|
|
|
Com. Reg. No.: |
C/101157 |
|
|
|
|
Legal Form : |
Private Limited Company
|
|
|
|
|
Line of Business : |
Manufacture and sale
of paper mill wires and technical tissues as carriage elements in the course
of paper sheet formation. |
|
|
|
|
No. of Employees : |
150 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
AstenJohnson, s.r.o.
Bezová 1658
140 00 Praha 4
telephone: 00420/ 383 322 002
telefax: 00420/ 383 321 998
e-mail: info.cz@astenjohnson.com
Web: www.sitos.cz
Company development Positive company development (20)
Order situation Satisfactory course of
business (31)
Terms of payment no complaints (39)
Business Business
connections appear permissible (31)
connection
Legal form Private
limited company
Foundation 12/07/2004
- Private limited company
Comp.
Register 12/07/2004, Městský soud v Praze, RegNr.: C/101157
Statistical number: 27163806
Tax number: CZ27163806
Share Capital 12/07/2004 CZK 200 000,-
22/12/2005 CZK 120 000 000,-
Shareholders AstenJohnson
Specialty Holdings, CZK 120 000 000,-
Inc.
1209 Orange Street, 19801 City of
Wilmington, USA
Management Guido
André Quinting (21.04.1964)
Eynattener
Strasse 179, B-4730 Raeren, Belgium
Executive Manager
sole power of attorney
James
M. Gibson (16.02.1965)
Marsh Creek Drive 2553, 29414 Charleston,
USA
Executive Manager
sole power of attorney
Stephen King Polston (13.02.1959)
Rivertowne Country Club Drive 1588, SC 29466 Mt.
Pleasant, USA
Executive Manager
sole power of attorney
General Data Manufacture
and sale of paper mill wires and technical tissues
as
carriage elements in the course of paper sheet
formation.
Main activity:
Manufacture of other technical and
industrial (13.96)
textiles
Former name(s)
Korzia s.r.o.
Beginning of validity: 12.07.2004
End of validity: 05.10.2005
Sitos Holdings, s.r.o.
Beginning of validity: 05.10.2005
End of validity: 01.01.2008
Trade name(s)
AstenJohnson, s.r.o.
Beginning of validity: 01.01.2008
Export:
85%
USA
Germany
Singapore
Address:
Bezová 1658, 140 00 Praha 4
Beginning of
validity: 05.10.2005
telephone:
00420/ 383 322 002
telefax:
00420/ 383 321 998
V Dolích 306, 252 28 Černošice
Beginning
of validity: 12.07.2004
End of validity: 11.05.2005
Ocelářská 13, 190 00 Praha 9
Beginning of validity: 11.05.2005
End of validity: 05.10.2005
business locations:
Textiláků 1112,
386 02 Strakonice
e-mail:
info.cz@astenjohnson.com
Web:
www.sitos.cz
Staff 2008 161 employees
2009 147
employees
2010 145
employees
2011 150
employees
2012 150
employees
Annual Sales 2006 actual sales
CZK
186 626 000,-
2007
actual sales
CZK
213 846 000,-
2008
actual sales CZK 238 241 000,-
2009
actual sales
CZK
221 489 000,-
2010
actual sales CZK 250 000 000,-
2011
actual sales
CZK
250 000 000,-
according to own data
Property Property
of the company: Business premises
(verified in the real estate registry)
CZ-386 02 Strakonice I., Textiláků 1112
Balance
sheets The
enclosed balance of 2009 from business register, -.
(31.12.2009 - 1 CZK)
The enclosed balance of 2008.
(31.12.2008 - 1 CZK)
The enclosed balance of 2007.
(31.12.2007 - 1 CZK)
The enclosed balance of 2006.
(31.12.2006 - 1 CZK)
The enclosed profit/loss
account of 2009 from business
register, -. (31.12.2009 - 1
CZK)
The enclosed profit/loss
account of 2008 from business
register, -. (31.12.2008 - 1
CZK)
The enclosed profit/loss
account of 2007. (31.12.2007 - 1 CZK)
The enclosed profit/loss account of
2006. (31.12.2006 - 1 CZK)
Remarks The company contrary to the Act on
Accounting did not store
its current
final accounts to the
Companies Register.
The company does not provide
its current final accounts even
upon a written request.
The company was challenged to
fulfil its duty to store its
final account at the Companies
Register.
All the sources of negative
data accessible to public
(insolvency registers,
databases of debtors of health
insurance institutions,
commercial bulletin, collection
database and others) are currently
monitored.
The final accounts for the year
2010 are not available yet.
To the inquired company,
property of the company SÍTOS, a.s.,
IČ: 25
19 51 66, was transferred in
consequence of fusion by merger.
The record date of the fusion
is 1.1.2006.
Contact:
Michal Hruška - economist,
e-mail:
michal.hruska@astenjohnson.com
Bankers
Československá obchodní banka, (0300)
a. s.
GE Money Bank, a.s. (0600)
balance 31.12.2006 31.12.2007
31.12.2008 31.12.2009
(CZK) (CZK) (CZK) (CZK)
>r1 >TOTAL
ASSETS
>171 477 000
>219 472 000 >295 253 000 >314 858 000
r2 Receivables
for 0 0 0
subscriptions
>r3 >Fixed assets >93 281 000 >138 577 000
>203 460 000
>214 130 000
>r4
>Intangible fixed
>0 >0 >455 000
assets
r5 Incorporation
expenses 0 0
r6 Research
and
0 0
development
r7 Software 0 455 000
r8 Valuable
rights
0 0
r9 Goodwill 0 0
r10 Other
intangible 0 0
fixed assets
r11 Intangible
fixed
0 0
assets under
construction
r12 Advance
payments for
0 0
intangible fixed
assets
>r13
>Tangible fixed assets
>93 281 000
>138 577 000 >203 460 000 >213 675 000
r14 Lands 1 998 000 1 998 000 1 998 000 1 998 000
r15
Constructions
49 548 000
49 835 000
50 154 000 95 252 000
r16 Equipment 39 809 000 51 696 000 72 854 000 116 425 000
r17 Perennial
corps
0 0
r18 Breeding and
draught 0 0
animals
r19 Other tangible
fixed 0 0
assets
r20 Tangible fixed
assets 1 926 000 29 166 000 74 420 000 0
under construction
r21 Advance
payments for 5 882 000 4 034 000 0
tangible fixed assets
r22 Adjustment
to
0 0
acquired assets
>r23
>Long-term financial
>0 >0 >0
assets
r24 Shares in
controlled
0 0
and managed
organizations
r25 Shares in
accounting
0 0
units with
substantial influence
r26 Other
securities and
0 0
shares
r27 Loans to
controlled
0 0
and managed
organizations and to
accounting unit with
substantial influence
r28 Other
financial 0 0
investments
r29 Financial
investments
0 0
acquired
r30 Advance
payments for
0 0
long-term financial
assets
>r31 >Current
assets
>77 425 000
>80 107 000
>91 161 000
>100 267 000
>r32
>Inventory
>22 890 000
>31 225 000
>33 237 000
>34 050 000
r33 Materials 5 180 000 7 516 000 8 859 000 7 857 000
r34 Work in
progress and
15 695 000
19 789 000
20 756 000 21 743 000
semi-products
r35 Finished
products 2 015 000 3 920 000 3 563 000 3 617 000
r36 Animals 0 0
r37
Merchandise
0 0
r38 Advance
payments for
0 59 000 833 000
inventory
>r39
>Long-term receivables
>0 >0 >0
r40 Trade
receivables
0 0
r41 Receivables
from
0 0
controlled and
managed organizations
r42 Receivables
from
0 0
accounting units with
substantial influence
r43 Receivables
from 0 0
partners, cooperative
members and
association members
r44 Long-term
deposits
0 0
given
r45 Estimated
receivable 0 0
r46 Other
receivables
0 0
r47 Deferred
tax
0 0
receivable
>r48
>Short-term
>26 159 000
>37 778 000
>54 766 000
>51 300 000
receivables
r49 Trade
receivables
24 737 000
35 197 000
51 092 000 46 962 000
r50 Receivables
from
0 0
controlled and
managed organizations
r51 Receivables
from
0 0
accounting units with
substantial influence
r52 Receivables
from
0 0
partners, cooperative
members and
association members
r53 Receivables
from
0 0
social security and
health insurance
r54 Due from state
- tax 1 381 000 2 469 000 3 635 000 4 289 000
receivable
r55 Short-term
deposits 41 000 112 000 39 000 49 000
given
r56 Estimated
receivable
0 0
r57 Other
receivables
0 0
>r58
>Short-term financial
>28 375 000
>11 104 000
>3 158 000
>14 917 000
assets
r59 Cash 236 000 167 000 165 000 97 000
r60 Bank
accounts
28 139 000
10 937 000
2 993 000 14 820 000
r61 Short-term
securities
0 0
and ownership
interests
r62 Short-term
financial
0 0
assets acquired
>r63 >Accruals >771 000 >788 000 >632 000 >461 000
r64 Deferred
expenses 728 000 755 000 593 000 273 000
r65 Complex
deferred costs 0 0 0
r66 Deferred income 43 000 33 000 39 000 188 000
>r67 >TOTAL
LIABILITIES
>171 477 000
>219 472 000 >295 253 000 >314 858 000
>r68
>Equity
>136 517 000
>159 769 000 >206 998 000 >274 885 000
>r69
>Registered capital
>120 000 000
>120 000 000 >120 000 000 >120 000 000
r70 Registered
capital 120 000 000 120 000 000 120 000 000 120 000 000
r71 Company’s own
shares 0 0
and ownership
interests (-)
r72 Changes of
registered
0 0
capital ( +/- )
>r73 >Capital
funds
>14 557 000
>14 557 000
>38 438 000
>84 610 000
r74 Share
premium
0 0
r75 Other capital
funds 14 557 000 14 557 000 38 438 000 84 610 000
r76 Differences
from
0 0
revaluation of assets
and liabilities ( +/-
)
r77 Differences
from
0 0
revaluation in
transformation ( +/- )
>r78 >Reserve
funds, >0 >1 216 000 >2 377 000 >3 546 000
statutory reserve
account for
cooperatives, and
other retained
earnings
r79 Legal reserve
fund /
1 216 000
2 377 000
3 546 000
indivisible fund
r80 Statutory and
other 0 0
funds
>r81 >Profit
/ loss -
>10 197 000
>744 000
>22 804 000
>45 014 000
previous years
r82 Retained
earnings
744 000
22 804 000
45 014 000
from previous years
r83 Accumulated
losses 10 197 000 0 0
from previous years
>r84 >Profit
/ loss -
>12 157 000
>23 252 000
>23 379 000
>21 715 000
current year
(+/-)
>r85 >Other
sources
>33 544 000
>58 478 000
>86 695 000
>39 140 000
>r86
>Reserves
>550 000
>711 000
>713 000
>657 000
r87 Reserves
under
0 0
special statutory
regulations
r88 Reserves for
pension 0 0
and
similar payables
r89 Income tax
reserves
0 0
r90 Other
reserves 550 000 711 000 713 000 657 000
>r91 >Long-term
payables
>12 942 000
>10 510 000
>11 180 000 >12 885 000
r92 Trade
payables
0 0
r93 Payables
to
0 0
controlled and
managed organizations
r94 Payables
to
0 0
accounting units with
substantial influence
r95 Payables
from
0 0
partners, cooperative
members and
association members
r96 Long-term
advances
0 0
received
r97 Issues
bonds
0 0
r98 Long-term
notes
0 0
payables
r99 Estimated
payables
0 0
r100 Other
payables
0 0
r101 Deferred tax
liability 12 942 000 10 510 000 11 180 000 12 885 000
>r102
>Short-term payables
>20 052 000
>38 692 000
>63 102 000
>23 194 000
r103 Trade
payables
13 180 000
16 230 000
22 538 000 16 043 000
r104 Payables
to
12 264 000
31 563 000 0
controlled and
managed organizations
r105 Payables to 0 0
accounting units with
substantial influence
r106 Payables
from 0 0
partners, cooperative
members and
association members
r107 Payroll 3 098 000 3 314 000 4 275 000 3 624 000
r108 Payables to
social 1 877 000 2 185 000 2 192 000 1 846 000
securities and health
insurance
r109 Due from state
- tax 872 000 3 489 000 1 943 000 836 000
liabilities and
subsidies
r110 Short-term
deposits 832 000 961 000 220 000 542 000
received
r111 Issues
bonds
0 0
r112 Estimated
payables
30 000 21 000 96 000
r113 Other
payables 193 000 219 000 350 000 207 000
>r114 >Bank
loans and >0 >8 565 000 >11 700 000 >2 404 000
financial
accommodations
r115 Long-term bank
loans 0 0 0
r116 Short-term
bank loans 0 8 565 000 11 700 000 2 404 000
r117
Short-term 0 0 0
accommodations
>r118
>Accruals
>1 416 000
>1 225 000
>1 560 000
>833 000
r119 Accrued
expenses
1 416 000
1 225 000
1 560 000
833 000
r120 Deferred revenues 0 0 0
profit/loss account 31.12.2006 31.12.2007
31.12.2008 31.12.2009
(CZK) (CZK) (CZK) (CZK)
>a1
>Turnover >186 626 000 >213 846 000
>238 241 000
>221 489 000
a2 Revenues from
sold 0 0
goods
a3 Expenses on sold
goods 0 0
>a4 >Sale
margin
>0
>0
>a5
>Production
>191 750 000
>224 398 000 >242 318 000 >222 934 000
a6 Revenues from
own 186 626 000 213 846 000 238 241 000 221 489 000
products and services
a7 Change in
inventory 1 197 000 6 007 000 611 000 1 040 000
of own products
a8
Capitalization
3 927 000
4 545 000
3 466 000 405 000
>a9
>Production
>87 433 000
>103 133 000 >114 210 000 >105 808 000
consumption
a10 Consumption
of 63 733 000 76 708 000 92 252 000 87 409 000
material and energy
a11 Services 23 700 000 26 425 000 21 958 000 18 399 000
>a12 >Added
value
>104 317 000
>121 265 000 >128 108 000 >117 126 000
>a13
>Personnel expenses
>65 894 000
>73 813 000
>78 433 000
>74 849 000
a14 Wages and
salaries 46 955 000 52 786 000 57 334 000 54 632 000
a15 Renumeration of
board 0 0
members
a16 Social
security
16 429 000
18 469 000
18 486 000 16 989 000
expenses and health
insurance
a17 Other social
expenses 2 510 000 2 558 000 2 613 000 3 228 000
a18 Taxes and
fees 393 000 404 000 410 000 533 000
a19 Depreciations
of 12 350 000 13 597 000 14 665 000 19 464 000
intangible and
tangible assets
>a20
>Revenues from
>372 000
>897 000
>1 386 000
>253 000
disposals of fixed
assets and materials
a21 Revenues
from 1 000 171 000 1 004 000 110 000
disposals of fixed
assets
a22 Revenues
from 371 000 726 000 382 000 143 000
disposals of materials
>a23 >Net
book value of
>219 000
>197 000
>520 000
>113 000
disposed fixed assets
and materials
a24 Net book value
of 219 000 0 260 000 0
sold fixed assets
a25 Net book value
of
197 000
260 000 113 000
sold material
a26 Change in operating 1 102 000 -795 000 1 981 000 -1 163 000
reserves and
adjustments and
complex deferred
costs ( + / - )
a27 Other
operating 723 000 603 000 52 000 1 453 000
revenues
a28 Other
operating
1 580 000
3 206 000
2 422 000 1 778 000
expenses
a29 Transfer of
operating 0 0
revenues
a30 Transfer of
operating
0 0
expenses
>a31
>Operating profit /
>23 874 000
>32 343 000
>31 115 000
>23 258 000
loss
a32 Revenues from
sales 0 0
of securities and
ownership interests
a33 Sold securities
and 0 0
ownership interests
>a34
>Revenues from long- >0 >0 >0
term financial assets
a35 Revenues from
shares 0 0
in controlled and
managed organizations
and in accounting
units with
substantial influence
a36 Revenues from
others 0 0
securities and
ownership interests
a37 Revenues from
other 0 0
long-term financial
assets
a38 Revenues from
short- 0 0
term financial assets
a39 Expenses
associated
0 0
with financial assets
a40 Revenues
from
0 0
revaluation of
securities and
derivatives
a41 Cost of
revaluation
0 0
of securities and
derivatives
a42 Change in
financial
0 2 000 0
reserves and
adjustments ( + / - )
a43 Interest
revenues 292 000 418 000 164 000 4 000
a44 Interest
expenses 532 000 191 000 791 000 1 163 000
a45 Other
financial 3 568 000 6 312 000 13 563 000 8 733 000
revenues
a46 Other
financial
10 525 000
11 403 000
13 532 000 4 633 000
expenses
a47 Transfer
of
0 0
financial revenues
a48 Transfer
of
0 0
financial expenses
>a49 >Profit
/ loss from
>-7 197 000
>-4 864 000
>-598 000
>2 941 000
financial operations
( transactions )
>a50 >Income
tax on
>4 520 000
>4 227 000
>7 138 000
>4 484 000
ordinary income
a51 Due tax 4 010 000 6 659 000 6 467 000 2 780 000
a52 Tax
deferred 510 000 -2 432 000 671 000 1 704 000
>a53
>Operating profit /
>12 157 000
>23 252 000
>23 379 000
>21 715 000
loss ordinary activity
a54 Extraordinary
revenues 0 0
a55 Extraordinary
expenses 0 0
>a56 >Income
tax on >0 >0
extraordinary income
a57 Due tax 0 0
a58 Tax
deferred 0 0
>a59
>Operating profit / >0 >0
loss extraordinary
activity
a60 Transfer profit
( 0 0
loss ) to partners (+/
-)
>a61 >Profit
/ loss of
>12 157 000
>23 252 000
>23 379 000
>21 715 000
current accounting
period
(+/-)
>a62 >Profit
/ loss before
>16 677 000
>27 479 000
>30 517 000
>26 199 000
tax (+/-)
> >Receivables after >4 638 000 >6 855 000 >10 451 000
due date total
Receivables more than 216 000
180 days after due
date
> >Liabilities after >3 307 000 >3 063 000 >347 000
due date total
Liabilities more than 0
180 days after due
date
Balance
indices 31.12.2006 31.12.2007
31.12.2008 31.12.2009
Return on a62/r1 * 9,73 12,52 10,34 8,32
total assets 100
ROA (in %)
Return on a62/r68 12,22 17,20 14,74 9,53
equity ROE (in * 100
%)
Return on a62/a1 * 8,94 12,85 12,81 11,83
sales ROS (in 100
%)
Turnover of r49/a1 * 48,38 60,08 78,28 77,39
receivables 365
(in days)
Turnover of r103/a1 25,78 27,70 34,53 26,44
liabilities * 365
(in days)
Turnover of r32/a1 * 44,77 53,30 50,92 56,11
inventories 365
(days)
Net working r31 -
57 373,00 32 850,00 16 359,00 74 669,00
capital (in r102 -
ths. CZK) r116 -
r117
Ratio of (r39+ 79,28 76,78 n/a 142,19
accounts r48) /
payable to (r91+
accounts r102) *
receivable (in 100
%)
Ratio of r3 / a1 49,98 64,80 85,40 96,68
profit/loss to * 100
tangible
assets (in%)
Current ratio r31 / 3,86 1,70 1,22 3,92
(r102+
r116+
r117)
Quick ratio (r58+ 2,72 1,03 0,77 2,59
r48) /
(r102+
r116+
r117)
Cash ratio r58 / 1,42 0,23 0,04 0,58
(r102+
r116+
r117)
Debt ratio I (1-r68/ 20,39 27,20 29,89 12,70
(in %) r67) *
100
Debt ratio II r85/r67 19,56 26,64 29,36 12,43
(in %) * 100
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.55 |
|
|
1 |
Rs.85.48 |
|
Euro |
1 |
Rs.68.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.