|
Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
BEKAERT BOHUMIN
S.R.O |
|
|
|
|
Registered Office : |
Drátovenská 366, 735 51 Bohumín, Pudlov |
|
|
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Country : |
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|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
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Date of Incorporation : |
27.06.1996 |
|
|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Manufacture of wire products, chain and springs |
|
|
|
|
No. of Employees : |
170 |
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) |
|
Czech Republic |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company development |
Positive company development |
(20) |
|
Order situation |
Satisfactory course of business |
(31) |
|
Terms of payment |
mostly no complaints, but occasional delays / reminders |
(31) |
|
Business connection |
Business connections are permissible |
(21) |
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||
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||
|
Legal form |
Private limited company |
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Foundation |
27/06/1996 - Private limited company |
|
Comp. Register |
27/06/1996, Krajský soud v
Ostravě, RegNr.: C/8972 |
|
Share Capital |
27/06/1996 |
CZK |
1 000 000,- |
|
|
|
23/03/1999 |
CZK |
350 000 000,- |
|
|
Shareholders |
N. V. BEKAERT
S.A. |
CZK |
350 000 000,- |
|
|
|
Management |
Mike Cuvelier (16.05.1973) |
||||
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|
Daniel Chambaere (23.08.1953) |
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|
Geert R. J. Van
Haver (07.05.1957) |
|
|
Ing. Jiří
Formánek (02.03.1960) |
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|
Ing. Julián Uher (23.06.1966) |
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|
Ing. Petr Škvrna (13.02.1976) |
|
General Data |
Manufacture and sale of steel wires, of
zinc-coated wire as well as wire with surface treatment BEZINAL. |
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Main activity: |
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Historical name |
||
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Trade name(s) |
||
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Export: |
90% |
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Import: |
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||
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Address: |
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Bezručova 300, 73593 Bohumín |
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Drátovenská 366, 73593 Bohumín |
||
|
Staff |
2009 |
155 employees |
|
|
|
2010 |
158 employees |
|
|
2011 |
167 employees |
|
|
2012 |
170 employees |
|||||
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Annual Sales |
2005 |
actual sales |
CZK |
1 454 071 000,- |
|
||
|
|
2006 |
actual sales |
CZK |
1 807 859 000,- |
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|
|
2007 |
actual sales |
CZK |
2 034 045 000,- |
|
|
|
2008 |
actual sales |
CZK |
2 000 335 000,- |
|
|
|
2009 |
actual sales |
CZK |
1 674 369 000,- |
|
|
|
2010 |
actual sales |
CZK |
1 908 325 000,- |
|
|
|
2011 |
actual sales |
CZK |
1 976 235 000,- |
|
|
Property |
Property of the company: Business
premises |
|
Balance sheets |
The enclosed balance of 2011 from business register, it is
authenticated by the auditor. (31.12.2011 - 1 CZK) |
|
|
The enclosed profit/loss account of 2011 from business register, it is
authenticated by the auditor. (31.12.2011 - 1 CZK) |
||||
|
Auditor |
Deloitte Audit s.r.o. (Statistical number: 49620592) |
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|
|
|
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Remarks |
The company is a
holder of ISO 9001 certificate. |
|
|
Business
management: |
|
Bankers |
Československá obchodní banka, a. s. |
(0300) |
|
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. |
|
|
|
balance |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
r1 |
TOTAL ASSETS |
915 106 000 |
1 043 769 000 |
813 641 000 |
892 849 000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed assets |
432 492 000 |
370 651 000 |
331 461 000 |
338 740 000 |
|
r4 |
Intangible fixed assets |
3 618 000 |
1 816 000 |
88 000 |
60 000 |
|
r7 |
Software |
3 618 000 |
1 816 000 |
88 000 |
60 000 |
|
r13 |
Tangible fixed assets |
428 874 000 |
368 835 000 |
331 373 000 |
338 680 000 |
|
r14 |
Lands |
10 788 000 |
10 788 000 |
10 788 000 |
10 788 000 |
|
r15 |
Constructions |
179 208 000 |
162 707 000 |
156 437 000 |
139 329 000 |
|
r16 |
Equipment |
231 136 000 |
194 613 000 |
154 443 000 |
181 456 000 |
|
r20 |
Tangible fixed assets under construction |
7 742 000 |
727 000 |
968 000 |
7 107 000 |
|
r21 |
Advance payments for tangible fixed assets |
|
|
8 737 000 |
|
|
r23 |
Long-term financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current assets |
481 877 000 |
672 397 000 |
481 904 000 |
553 734 000 |
|
r32 |
Inventory |
199 351 000 |
166 118 000 |
186 228 000 |
187 281 000 |
|
r33 |
Materials |
142 379 000 |
124 929 000 |
145 352 000 |
139 465 000 |
|
r34 |
Work in progress and semi-products |
5 590 000 |
3 256 000 |
8 501 000 |
6 344 000 |
|
r35 |
Finished products |
51 382 000 |
37 933 000 |
32 375 000 |
41 472 000 |
|
r39 |
Long-term receivables |
0 |
0 |
0 |
0 |
|
r48 |
Short-term receivables |
282 201 000 |
506 032 000 |
295 283 000 |
366 005 000 |
|
r49 |
Trade receivables |
189 483 000 |
260 793 000 |
267 065 000 |
310 769 000 |
|
r50 |
Receivables from controlled and managed organizations |
82 670 000 |
223 352 000 |
|
11 441 000 |
|
r54 |
Due from state - tax receivable |
6 758 000 |
15 979 000 |
25 525 000 |
42 535 000 |
|
r55 |
Short-term deposits given |
3 290 000 |
4 030 000 |
145 000 |
60 000 |
|
r56 |
Estimated receivable |
|
1 878 000 |
2 548 000 |
1 200 000 |
|
r58 |
Short-term financial assets |
325 000 |
247 000 |
393 000 |
448 000 |
|
r59 |
Cash |
315 000 |
247 000 |
393 000 |
448 000 |
|
r60 |
Bank accounts |
10 000 |
|
|
|
|
r63 |
Accruals |
737 000 |
721 000 |
276 000 |
375 000 |
|
r64 |
Deferred expenses |
737 000 |
552 000 |
276 000 |
375 000 |
|
r66 |
Deferred income |
|
169 000 |
|
|
|
r67 |
TOTAL LIABILITIES |
915 106 000 |
1 043 769 000 |
813 641 000 |
892 849 000 |
|
r68 |
Equity |
775 783 000 |
804 129 000 |
523 496 000 |
612 726 000 |
|
r69 |
Registered capital |
350 000 000 |
350 000 000 |
350 000 000 |
350 000 000 |
|
r70 |
Registered capital |
350 000 000 |
350 000 000 |
350 000 000 |
350 000 000 |
|
r73 |
Capital funds |
0 |
0 |
0 |
0 |
|
r78 |
Reserve funds, statutory reserve account for cooperatives, and other
retained earnings |
32 212 000 |
35 000 000 |
35 000 000 |
35 000 000 |
|
r79 |
Legal reserve fund / indivisible fund |
32 212 000 |
35 000 000 |
35 000 000 |
35 000 000 |
|
r81 |
Profit / loss - previous years |
278 082 000 |
310 781 000 |
19 129 000 |
138 496 000 |
|
r82 |
Retained earnings from previous years |
278 082 000 |
310 781 000 |
19 129 000 |
138 496 000 |
|
r84 |
Profit / loss - current year (+/-) |
115 489 000 |
108 348 000 |
119 367 000 |
89 230 000 |
|
r85 |
Other sources |
135 113 000 |
234 365 000 |
284 143 000 |
273 825 000 |
|
r86 |
Reserves |
828 000 |
2 060 000 |
2 870 000 |
3 550 000 |
|
r90 |
Other reserves |
828 000 |
2 060 000 |
2 870 000 |
3 550 000 |
|
r91 |
Long-term payables |
22 229 000 |
16 022 000 |
8 877 000 |
6 596 000 |
|
r101 |
Deferred tax liability |
22 229 000 |
16 022 000 |
8 877 000 |
6 596 000 |
|
r102 |
Short-term payables |
112 056 000 |
216 283 000 |
272 396 000 |
263 679 000 |
|
r103 |
Trade payables |
83 039 000 |
183 932 000 |
186 504 000 |
225 245 000 |
|
r104 |
Payables to controlled and managed organizations |
|
|
62 244 000 |
15 000 000 |
|
r107 |
Payroll |
3 711 000 |
4 122 000 |
4 482 000 |
4 600 000 |
|
r108 |
Payables to social securities and health insurance |
1 891 000 |
1 994 000 |
2 186 000 |
2 341 000 |
|
r109 |
Due from state - tax liabilities and subsidies |
13 974 000 |
2 601 000 |
3 025 000 |
651 000 |
|
r110 |
Short-term deposits received |
|
14 831 000 |
0 |
2 075 000 |
|
r112 |
Estimated payables |
9 441 000 |
8 445 000 |
12 924 000 |
13 370 000 |
|
r113 |
Other payables |
|
358 000 |
1 031 000 |
397 000 |
|
r114 |
Bank loans and financial accommodations |
0 |
0 |
0 |
0 |
|
r115 |
Long-term bank loans |
0 |
0 |
|
0 |
|
r116 |
Short-term bank loans |
0 |
0 |
|
0 |
|
r117 |
Short-term accommodations |
0 |
0 |
|
0 |
|
r118 |
Accruals |
4 210 000 |
5 275 000 |
6 002 000 |
6 298 000 |
|
r119 |
Accrued expenses |
4 210 000 |
5 275 000 |
6 002 000 |
6 298 000 |
|
|
profit/loss account |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
a1 |
Turnover |
2 000 335 000 |
1 674 369 000 |
1 908 325 000 |
1 976 235 000 |
|
a2 |
Revenues from sold goods |
0 |
0 |
0 |
0 |
|
a3 |
Expenses on sold goods |
0 |
0 |
0 |
0 |
|
a4 |
Sale margin |
0 |
0 |
0 |
0 |
|
a5 |
Production |
1 998 012 000 |
1 655 904 000 |
1 908 120 000 |
1 983 619 000 |
|
a6 |
Revenues from own products and services |
2 000 335 000 |
1 674 369 000 |
1 908 325 000 |
1 976 235 000 |
|
a7 |
Change in inventory of own products |
-2 323 000 |
-18 465 000 |
-205 000 |
7 384 000 |
|
a8 |
Capitalization |
|
|
0 |
|
|
a9 |
Production consumption |
1 704 868 000 |
1 371 352 000 |
1 580 904 000 |
1 733 919 000 |
|
a10 |
Consumption of material and energy |
1 461 248 000 |
1 127 640 000 |
1 297 065 000 |
1 448 001 000 |
|
a11 |
Services |
243 620 000 |
243 712 000 |
283 839 000 |
285 918 000 |
|
a12 |
Added value |
293 144 000 |
284 552 000 |
327 216 000 |
249 700 000 |
|
a13 |
Personnel expenses |
83 006 000 |
87 197 000 |
101 577 000 |
98 274 000 |
|
a14 |
Wages and salaries |
61 294 000 |
65 305 000 |
75 792 000 |
72 010 000 |
|
a15 |
Renumeration of board members |
|
|
0 |
|
|
a16 |
Social security expenses and health insurance |
21 221 000 |
21 418 000 |
25 236 000 |
25 645 000 |
|
a17 |
Other social expenses |
491 000 |
474 000 |
549 000 |
619 000 |
|
a18 |
Taxes and fees |
224 000 |
207 000 |
327 000 |
341 000 |
|
a19 |
Depreciations of intangible and tangible assets |
69 788 000 |
69 028 000 |
70 709 000 |
45 721 000 |
|
a20 |
Revenues from disposals of fixed assets and materials |
10 397 000 |
4 695 000 |
5 756 000 |
11 168 000 |
|
a21 |
Revenues from disposals of fixed assets |
738 000 |
27 000 |
278 000 |
|
|
a22 |
Revenues from disposals of materials |
9 659 000 |
4 668 000 |
5 478 000 |
11 168 000 |
|
a23 |
Net book value of disposed fixed assets and materials |
9 611 000 |
4 779 000 |
5 459 000 |
11 219 000 |
|
a24 |
Net book value of sold fixed assets |
353 000 |
26 000 |
0 |
|
|
a25 |
Net book value of sold material |
9 258 000 |
4 753 000 |
5 459 000 |
11 219 000 |
|
a26 |
Change in operating reserves and adjustments and complex deferred
costs ( + / - ) |
3 032 000 |
1 888 000 |
1 292 000 |
2 500 000 |
|
a27 |
Other operating revenues |
9 424 000 |
11 779 000 |
13 832 000 |
15 052 000 |
|
a28 |
Other operating expenses |
10 514 000 |
7 669 000 |
8 907 000 |
7 038 000 |
|
a29 |
Transfer of operating revenues |
|
|
0 |
|
|
a30 |
Transfer of operating expenses |
|
|
0 |
|
|
a31 |
Operating profit / loss |
136 790 000 |
130 258 000 |
158 533 000 |
110 827 000 |
|
a32 |
Revenues from sales of securities and ownership interests |
|
|
0 |
|
|
a33 |
Sold securities and ownership interests |
|
|
0 |
|
|
a34 |
Revenues from long-term financial assets |
|
|
0 |
|
|
a35 |
Revenues from shares in controlled and managed organizations and in
accounting units with substantial influence |
|
|
0 |
|
|
a36 |
Revenues from others securities and ownership interests |
|
|
0 |
|
|
a37 |
Revenues from other long-term financial assets |
|
|
0 |
|
|
a38 |
Revenues from short-term financial assets |
|
|
0 |
|
|
a39 |
Expenses associated with financial assets |
|
|
0 |
|
|
a40 |
Revenues from revaluation of securities and derivatives |
|
|
0 |
283 000 |
|
a41 |
Cost of revaluation of securities and derivatives |
|
345 000 |
271 000 |
|
|
a42 |
Change in financial reserves and adjustments ( + / - ) |
|
|
0 |
|
|
a43 |
Interest revenues |
1 633 000 |
2 232 000 |
915 000 |
123 000 |
|
a44 |
Interest expenses |
1 623 000 |
61 000 |
1 070 000 |
1 108 000 |
|
a45 |
Other financial revenues |
92 430 000 |
63 305 000 |
43 232 000 |
96 165 000 |
|
a46 |
Other financial expenses |
81 322 000 |
59 111 000 |
49 957 000 |
96 326 000 |
|
a47 |
Transfer of financial revenues |
|
|
0 |
|
|
a48 |
Transfer of financial expenses |
|
|
0 |
|
|
a49 |
Profit / loss from financial operations ( transactions ) |
11 118 000 |
6 020 000 |
-7 151 000 |
-863 000 |
|
a50 |
Income tax on ordinary income |
32 419 000 |
27 930 000 |
32 015 000 |
20 734 000 |
|
a51 |
Due tax |
37 951 000 |
34 138 000 |
39 160 000 |
23 015 000 |
|
a52 |
Tax deferred |
-5 532 000 |
-6 208 000 |
-7 145 000 |
-2 281 000 |
|
a53 |
Operating profit / loss ordinary activity |
115 489 000 |
108 348 000 |
119 367 000 |
89 230 000 |
|
a54 |
Extraordinary revenues |
|
|
0 |
|
|
a55 |
Extraordinary expenses |
|
|
0 |
|
|
a56 |
Income tax on extraordinary income |
|
|
0 |
|
|
a57 |
Due tax |
|
|
0 |
|
|
a58 |
Tax deferred |
|
|
0 |
|
|
a59 |
Operating profit / loss extraordinary activity |
0 |
0 |
0 |
0 |
|
a60 |
Transfer profit ( loss ) to partners (+/-) |
|
|
0 |
|
|
a61 |
Profit / loss of current accounting period (+/-) |
115 489 000 |
108 348 000 |
119 367 000 |
89 230 000 |
|
a62 |
Profit / loss before tax (+/-) |
147 908 000 |
136 278 000 |
151 382 000 |
109 964 000 |
|
|
Operating cash flow |
84 438 000 |
232 998 000 |
|
109 467 000 |
|
|
Investment cash flow |
-8 999 000 |
-153 076 000 |
|
-62 168 000 |
|
|
Financial cash flow |
-76 001 000 |
-80 000 000 |
|
-47 244 000 |
|
|
Receivables after due date total |
33 118 000 |
57 921 000 |
38 802 000 |
64 271 000 |
|
|
Receivables more than 180 days after due date |
26 000 |
|
|
|
|
|
Liabilities after due date total |
0 |
1 726 000 |
3 804 000 |
|
|
Balance indices |
|
31.12.2008 |
31.12.2009 |
31.12.2010 |
31.12.2011 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
16,16 |
13,06 |
18,61 |
12,32 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
19,07 |
16,95 |
28,92 |
17,95 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
7,39 |
8,14 |
7,93 |
5,56 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
34,57 |
56,85 |
51,08 |
57,40 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
15,15 |
40,10 |
35,67 |
41,60 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
36,38 |
36,21 |
35,62 |
34,59 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
369 821,00 |
456 114,00 |
209 508,00 |
290 055,00 |
|
Ratio of accounts payable to accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
210,15 |
217,83 |
104,98 |
135,42 |
|
Ratio of profit/loss to tangible assets (in%) |
r3 / a1 * 100 |
21,62 |
22,14 |
17,37 |
17,14 |
|
Current ratio |
r31 / (r102+r116+r117) |
4,30 |
3,11 |
n/a |
2,10 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
2,52 |
2,34 |
1,09 |
1,39 |
|
Cash ratio |
r58 / (r102+r116+r117) |
0,00 |
0,00 |
n/a |
0,00 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
15,22 |
22,96 |
35,66 |
31,37 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
14,76 |
22,45 |
34,92 |
30,67 |
|
|
|||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
|
UK Pound |
1 |
Rs.86.74 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.