MIRA INFORM REPORT
|
Report Date : |
24.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALVOGEN
FARMA TREYDING YURAP EOOD |
|
|
|
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Registered Office : |
J.K.
Gotse Delchev, Bul. |
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Country : |
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Date of Incorporation : |
2011 |
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Legal Form : |
Sole Proprietor Limited Liability
Com |
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Line of Business : |
Wholesale of Pharmaceutical Goods |
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No. of Employees : |
12 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Bulgaria |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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 DETAILS
Local name: ALVOGEN FARMA TREYDING YURAP EOOD
International name: ALVOGEN PHARMA TRADING EUROPE EOOD
Registered address:
j.k. Gotse delchev, bul. Bulgaria No.51B et.7 ofis B22
1404 Sofia
Bulgaria
ESTABLISHMENT & REGISTRATION:
Established: 2011
Registered at Bulgarian trade register
Court number 201400639
Bulstat/VAT number: 201400639
LEGAL FORM:
Sole
Proprietor Limited Liability Company (EOOD)
REGISTERED CAPITAL:
BGN 5
000.00
SHAREHOLDERS/MANAGEMENT
SHAREHOLDERS:
ALVOGEN
CEE Kft. (Hungary) - 100%
MANAGEMENT:
PETAR ANTONOV VAJAROV - manager
KORNELIU LORENTIU SKEUSAN - manager
RELATED COMPANIES:
none
BUSINESS ACTIVITY
BUSINESS OPERATION:
NACE
1.1: 51.46 Wholesale of pharmaceutical goods
NUMBER OF EMPLOYEES:
|
As at date |
Value |
|
Latest stand |
12 |
EXPORT:
None
IMPORT:
EU
REAL ESTATE:
None
FINANCIAL DATA
TURNOVER:
|
Year |
Currency |
Value |
|
2011 |
BGN |
3 059 000.00 |
MODES OF PAYMENT:
Payments
are not always regular.
DEBT COLLECTION:
No debt collection
cases are registered against the company.
BANK DISTRAINTS:
No
shares of the company are under bank distraint.
UNPAID TAXES/ CONTRIBUTIONS TO GOVERNMENT:
There is
no publication about overdue unpaid taxes.
INVOLVEMENT IN LEGAL DISPUTES:
There is
no publication about legal claims or disputes against the company.
OTHER PAYMENT INFORMATION:
No
adverse payment information is available.
BRANCH INDICATOR:
The
company's payment behaviour is slower than average for the branch.
GENERAL PAYMENT ASSESSMENT:
C
FINANCIAL OPINION:
C-
Exchange
since for 1998 BGN (denominated lev) = 0.51 EUR
|
Ratio |
2011 |
|
Debt ratio |
1.35 |
|
Quick ratio |
1.07 |
|
Current ratio |
1.21 |
|
Days purchase in payables |
308.45 |
|
Operating margin in % |
0.00 |
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Cash ratio (acid ratio) |
0.02 |
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Return on sales ROS in % |
0.00 |
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Return on assets ROA in % |
0.00 |
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Return on equity ROE in % |
0.00 |
|
Days supply in inventory |
41.19 |
|
Days sales in receivables |
323.52 |
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BALANCE SHEET in BGN'000 |
2011 |
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Accounting period: |
1.1.2011 - |
|
A.UNPAID CAPITAL |
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B. FIXED ASSETS |
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I Fixed Intangible Assets: |
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R&D Products |
|
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Concessions, patents, trade-marks
etc |
5 |
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Goodwill |
|
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Intangible fixed assets under
construction |
13 |
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thereof advances |
|
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Total I: |
18 |
|
II Fixed Tangible Assets |
|
|
Land and Buildings |
|
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thereof Land |
|
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thereof Buildings |
|
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Machines, Vehicles |
11 |
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Equipment |
194 |
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Tangible fixed assets under
construction |
|
|
thereof advances |
|
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Total II |
205 |
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III. Fixed Financial Assets |
|
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Shares in group companies |
|
|
Loans granted to group companies |
|
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Shares in joint ventures |
|
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Long term investments |
|
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Other loans |
|
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Bought back own shares |
|
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Total III |
|
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IV. Deferred Taxes |
137 |
|
B. FIXED ASSETS TOTAL |
360 |
|
C. CURRENT ASSETS |
|
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I. Inventories |
|
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Raw Materials |
|
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Work in progress |
|
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thereof young animals |
|
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Trading goods |
350 |
|
thereof production |
|
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thereof goods for sale |
350 |
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Advances |
|
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Total I |
350 |
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II. Receivables |
|
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Receivables from customers |
2694 |
|
thereof more than 1 year |
|
|
Receivables from group companies |
|
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thereof more than 1 year |
|
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Receivables from joint ventures |
|
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thereof more than 1 year |
|
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Other receivables |
55 |
|
thereof more than 1 year |
|
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Total II |
2749 |
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III. Current Financial Assets |
|
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Current investments in related
companies |
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Bought back own shares |
|
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Other current financial assets |
|
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Total III |
|
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IV. Cash equivalents |
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Cash and accounts in the country |
60 |
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thereof cash in BGN |
|
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Thereof cash in foreign currency
(BGN equivalent) |
|
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thereof current accounts |
60 |
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thereof blocked accounts |
|
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thereof cash equivalents |
|
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Cash and accounts abroad |
|
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thereof cash in BGN |
|
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Thereof cash in foreign currency
(BGN equivalent) |
|
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thereof current accounts |
|
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thereof blocked accounts |
|
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Total IV |
60 |
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C. CURRENT ASSETS TOTAL |
3159 |
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D. Deferred expenses |
8 |
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TOTAL ASSETS |
3527 |
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A. OWNERS EQUITY |
|
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I. Share capital |
5 |
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II. Issue premium |
|
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III. Revaluation reserves |
|
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thereof revaluation reserves of
financial instruments |
|
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IV. Reserves |
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legal reserves |
|
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reserve related to bought back own
shares |
|
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reserve from company foundation |
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other reserves |
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Total IV |
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V. Result from previous period |
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Undistributed profit |
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Uncovered loss |
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Total V |
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VI. Current result profit (loss) |
-1256 |
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A. OWNERS EQUITY TOTAL |
-1251 |
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B. PROVISIONS |
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Provisions for pensions |
|
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Provisions for taxes |
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thereof deferred taxes |
|
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Other provisions |
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B. PROVISIONS TOTAL |
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C. LIABILITIES |
|
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Bond-backed loans |
|
|
less than 1 year |
|
|
more than 1 year |
|
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Bank loans |
135 |
|
less than 1 year |
|
|
more than 1 year |
135 |
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Advances received |
|
|
less than 1 year |
|
|
more than 1 year |
|
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Payables to suppliers |
2209 |
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less than 1 year |
2209 |
|
more than 1 year |
|
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Liabilities on policies |
|
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less than 1 year |
|
|
more than 1 year |
|
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Liabilities to group companies |
2022 |
|
less than 1 year |
|
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more than 1 year |
2022 |
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Liabilities to joint-venture
companies |
|
|
less than 1 year |
|
|
more than 1 year |
|
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Other liabiliies |
412 |
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less than 1 year |
412 |
|
more than 1 year |
|
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thereof to personnel |
16 |
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less than 1 year |
16 |
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more than 1 year |
|
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thereof to social insurance |
2 |
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less than 1 year |
2 |
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more than 1 year |
|
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thereof for taxes |
|
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less than 1 year |
|
|
more than 1 year |
|
|
C. LIABILITIES TOTAL |
4778 |
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less than 1 year |
2621 |
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more than 1 year |
2157 |
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D. FINANCING AND DEFERRED INCOME |
|
|
thereof |
|
|
Financing |
|
|
Deferred income |
|
|
TOTAL EQUITY AND LIABILITIES |
3527 |
|
P&L ACCOUNT in BGN'000 |
2011 |
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Accounting period: |
1.1.2011 - |
|
A. EXPENSES |
|
|
I. OPERATION EXPENSES |
|
|
Decrease of inventories |
|
|
thereof for materials |
7 |
|
thereof for services |
566 |
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Personnel expenses |
713 |
|
thereof wages |
684 |
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thereof social insurance |
29 |
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thereof pensions |
24 |
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Depreciation |
11 |
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thereof Depreciation of fixed
assets |
11 |
|
Other expenses |
3017 |
|
thereof Book value of sold assets
(without production) |
2798 |
|
I. OPERATION EXPENSES TOTAL |
4314 |
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II. Financial expenditures |
|
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Depreciation of financial assets |
182 |
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thereof exchange rate losses |
182 |
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Paid interest |
24 |
|
thereof interest to group
companies |
|
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Thereof expenditures for
securities operations |
|
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II. Financial expenditures Total |
206 |
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B. Profit on ordinary activity |
|
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III. Extraordinary expenses |
|
|
thereof expenses on disasters and
emergency expenses |
|
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C. Total expenses (I+II+III) |
4520 |
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D. Accounting profit |
|
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IV. Taxation on profit |
-136 |
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V. Other taxes |
|
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E. Net profit |
|
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Total expenses |
4384 |
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A. REVENUES |
|
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I . OPERATING REVENUES |
|
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Net sales |
3059 |
|
Production |
|
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Goods |
3059 |
|
Services |
|
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Increase of production and work in
progress |
|
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Expenses on acquisition of assets |
|
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Other revenues |
|
|
thereof financing |
|
|
I. TOTAL OPERATING REVENUES |
3059 |
|
II FINANCIAL REVENUES |
|
|
Income from shares |
|
|
thereof income from shares in
group companies |
|
|
Income from investments and loans |
|
|
thereof from investments in group
companies |
|
|
Income from interest |
|
|
thereof from interest from group
companies |
|
|
II FINANCIAL REVENUES TOTAL |
68 |
|
TOTAL REVENUES FROM ORDINARY
ACTIVITIES |
3127 |
|
LOSS |
1256 |
|
Extraordinary revenues |
|
|
AFTER TAX LOSS |
1256 |
|
TOTAL REVENUES |
4384 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
|
UK Pound |
1 |
Rs.86.79 |
|
Euro |
1 |
Rs.67.43 |
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.