|
Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANU BABU, SPOL. S R.O. |
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|
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Registered Office : |
V Kolkovně 3 , 110 00 Praha 1 |
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Country : |
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|
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
06.06.1994 |
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Com. Reg. No.: |
C/29558 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale and retail sale of clothing and accessories, jewellery, ceramics, aromatic sticks, flat accessories, smoker´s articles, music instruments |
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|
No. of Employees : |
25 |
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 |
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|
|
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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 – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
SANU BABU, spol. s r.o.
V Kolkovně 3
110 00 Praha 1
telephone: 00420/ 220 870 618
telefax: 00420/ 220 870 623
e-mail: office@sanubabu.cz
Web: www.sanubabu.cz
|
Company
development |
Constant
business development |
|
|
Order situation |
Retrograde order
situation |
|
|
Terms of payment |
mostly no complaints,
but occasional delays / reminders |
|
|
Business
connection |
Business
connections appear permissible |
|
|
Legal form |
Private limited company |
|
|
|
Foundation |
06/06/1994 - Private limited company |
||
|
Comp. Register |
06/06/1994, Městský soud v
Praze, RegNr.: C/29558 |
||||
|
Share Capital |
06/06/1994 |
CZK |
102 000,- |
|
|
|
Shareholders |
Ing. Dana Bérová (25.04.1967) |
CZK |
51 000,- |
|
|
|
Ivan
Marusič (03.07.1963) |
CZK |
51 000,- |
|
|
Management |
Ivan
Marusič (03.07.1963) |
|
General Data |
Wholesale and retail
sale of clothing and accessories, |
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Main activity: |
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|
|
|
Trade name(s) |
||
|
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Export: |
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Import: |
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Address: |
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Branch of the
business: |
|
|
Office address: |
|
Staff |
2006 |
29 employees |
|
|
2008 |
28 employees |
|
|
2010 |
26 employees |
|
|
2012 |
25 employees |
|
Annual Sales |
2005 |
actual sales |
CZK |
23 493 000,- |
|
|
|
2006 |
actual sales |
CZK |
24 724 000,- |
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|
|
2007 |
actual sales |
CZK |
27 757 000,- |
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|
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2008 |
actual sales |
CZK |
28 822 000,- |
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|
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2009 |
actual sales |
CZK |
22 989 000,- |
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|
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2010 |
actual sales |
CZK |
21 551 000,- |
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|
|
2011 |
actual sales |
CZK |
20 000 000,- |
|
|
|
Balance sheets |
The enclosed profit/loss account of 2010
from business register, -. (31.12.2010 - 1 CZK) |
|||||
|
|
The enclosed balance of 2010 from business
register, -. (31.12.2010 - 1 CZK) |
|
Remarks |
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. |
|
Bankers |
Československá obchodní banka, a.
s. |
|
|
Copyright 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 |
31.12.2007 (CZK) |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
|
r1 |
TOTAL ASSETS |
12 976 000 |
13 890 000 |
13 386 000 |
15 142 000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed assets |
1 859 000 |
1 578 000 |
1 640 000 |
1 233 000 |
|
r4 |
Intangible fixed
assets |
0 |
0 |
360 000 |
229 000 |
|
r13 |
Tangible fixed
assets |
1 859 000 |
1 578 000 |
1 280 000 |
1 004 000 |
|
r23 |
Long-term
financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current assets |
10 840 000 |
12 181 000 |
11 552 000 |
13 832 000 |
|
r32 |
Inventory |
9 257 000 |
9 675 000 |
9 680 000 |
12 048 000 |
|
r39 |
Long-term
receivables |
463 000 |
469 000 |
479 000 |
375 000 |
|
r48 |
Short-term
receivables |
967 000 |
1 921 000 |
1 192 000 |
1 334 000 |
|
r58 |
Short-term financial
assets |
153 000 |
116 000 |
201 000 |
75 000 |
|
r63 |
Accruals |
277 000 |
131 000 |
194 000 |
77 000 |
|
r67 |
TOTAL
LIABILITIES |
12 976 000 |
13 890 000 |
13 386 000 |
15 142 000 |
|
r68 |
Equity |
10 707 000 |
11 775 000 |
11 895 000 |
11 906 000 |
|
r69 |
Registered
capital |
102 000 |
102 000 |
102 000 |
102 000 |
|
r73 |
Capital funds |
0 |
0 |
0 |
0 |
|
r78 |
Reserve funds,
statutory reserve account for cooperatives, and other retained earnings |
10 000 |
10 000 |
10 000 |
10 000 |
|
r81 |
Profit / loss -
previous years |
8 630 000 |
10 595 000 |
11 663 000 |
11 783 000 |
|
r84 |
Profit / loss -
current year (+/-) |
1 965 000 |
1 068 000 |
120 000 |
11 000 |
|
r85 |
Other sources |
2 269 000 |
2 115 000 |
1 491 000 |
3 236 000 |
|
r86 |
Reserves |
0 |
0 |
0 |
0 |
|
r91 |
Long-term
payables |
0 |
0 |
0 |
0 |
|
r102 |
Short-term
payables |
2 269 000 |
2 115 000 |
1 491 000 |
3 164 000 |
|
r114 |
Bank loans and
financial accommodations |
0 |
0 |
0 |
72 000 |
|
r118 |
Accruals |
0 |
0 |
0 |
0 |
|
|
profit/loss
account |
31.12.2007 (CZK) |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
|
a1 |
Turnover |
27 757 000 |
28 822 000 |
22 989 000 |
21 551 000 |
|
a2 |
Revenues from sold goods |
27 738 000 |
28 742 000 |
22 944 000 |
21 364 000 |
|
a3 |
Expenses on sold goods |
8 851 000 |
9 540 000 |
6 157 000 |
5 936 000 |
|
a4 |
Sale margin |
18 887 000 |
19 202 000 |
16 787 000 |
15 428 000 |
|
a5 |
Production |
19 000 |
80 000 |
45 000 |
187 000 |
|
a9 |
Production
consumption |
10 154 000 |
11 061 000 |
10 514 000 |
9 733 000 |
|
a12 |
Added value |
8 752 000 |
8 221 000 |
6 318 000 |
5 882 000 |
|
a13 |
Personnel
expenses |
5 197 000 |
6 035 000 |
5 280 000 |
4 962 000 |
|
a18 |
Taxes and fees |
11 000 |
12 000 |
12 000 |
19 000 |
|
a19 |
Depreciations of intangible and tangible
assets |
247 000 |
282 000 |
329 000 |
407 000 |
|
a20 |
Revenues from
disposals of fixed assets and materials |
189 000 |
0 |
0 |
0 |
|
a23 |
Net book value
of disposed fixed assets and materials |
123 000 |
0 |
0 |
0 |
|
a26 |
Change in operating reserves and
adjustments and complex deferred costs ( + / - ) |
-22 000 |
7 000 |
-13 000 |
71 000 |
|
a27 |
Other operating revenues |
79 000 |
95 000 |
139 000 |
156 000 |
|
a28 |
Other operating expenses |
426 000 |
340 000 |
388 000 |
294 000 |
|
a29 |
Transfer of operating revenues |
0 |
0 |
0 |
0 |
|
a30 |
Transfer of operating expenses |
0 |
0 |
0 |
0 |
|
a31 |
Operating profit
/ loss |
3 038 000 |
1 640 000 |
461 000 |
285 000 |
|
a32 |
Revenues from sales of securities and
ownership interests |
0 |
0 |
0 |
0 |
|
a33 |
Sold securities and ownership interests |
0 |
0 |
0 |
0 |
|
a34 |
Revenues from
long-term financial assets |
0 |
0 |
0 |
0 |
|
a38 |
Revenues from short-term financial assets |
0 |
0 |
0 |
0 |
|
a39 |
Expenses associated with financial assets |
0 |
0 |
0 |
0 |
|
a40 |
Revenues from revaluation of securities
and derivatives |
0 |
0 |
0 |
0 |
|
a41 |
Cost of revaluation of securities and
derivatives |
0 |
0 |
0 |
0 |
|
a42 |
Change in financial reserves and adjustments
( + / - ) |
0 |
0 |
0 |
0 |
|
a43 |
Interest revenues |
3 000 |
5 000 |
4 000 |
22 000 |
|
a44 |
Interest expenses |
0 |
0 |
0 |
11 000 |
|
a45 |
Other financial revenues |
150 000 |
239 000 |
102 000 |
107 000 |
|
a46 |
Other financial expenses |
562 000 |
498 000 |
373 000 |
360 000 |
|
a47 |
Transfer of financial revenues |
0 |
0 |
0 |
0 |
|
a48 |
Transfer of financial expenses |
0 |
0 |
0 |
0 |
|
a49 |
Profit / loss
from financial operations ( transactions ) |
-409 000 |
-254 000 |
-267 000 |
-242 000 |
|
a50 |
Income tax on
ordinary income |
664 000 |
318 000 |
74 000 |
32 000 |
|
a53 |
Operating profit
/ loss ordinary activity |
1 965 000 |
1 068 000 |
120 000 |
11 000 |
|
a54 |
Extraordinary revenues |
0 |
0 |
0 |
0 |
|
a55 |
Extraordinary expenses |
0 |
0 |
0 |
0 |
|
a56 |
Income tax on
extraordinary income |
0 |
0 |
0 |
0 |
|
a59 |
Operating profit
/ loss extraordinary activity |
0 |
0 |
0 |
0 |
|
a60 |
Transfer profit ( loss ) to partners (+/-) |
0 |
0 |
0 |
0 |
|
a61 |
Profit / loss of
current accounting period (+/-) |
1 965 000 |
1 068 000 |
120 000 |
11 000 |
|
a62 |
Profit / loss
before tax (+/-) |
2 629 000 |
1 386 000 |
194 000 |
43 000 |
|
|
Receivables more than 180 days after due
date |
|
|
60 000 |
615 000 |
|
|
Liabilities after
due date total |
|
|
25 000 |
|
|
|
Liabilities more than 180 days after due
date |
|
|
|
6 000 |
|
Balance indices |
|
31.12.2007 |
31.12.2008 |
31.12.2009 |
31.12.2010 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
20,26 |
9,98 |
1,45 |
0,28 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
24,55 |
11,77 |
1,63 |
0,36 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
9,47 |
4,81 |
0,84 |
0,20 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
n/a |
n/a |
n/a |
n/a |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
n/a |
n/a |
n/a |
n/a |
|
Turnover of inventories (days) |
r32/a1 * 365 |
121,73 |
122,52 |
153,69 |
204,05 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
8 571,00 |
10 066,00 |
10 061,00 |
10 668,00 |
|
Ratio of accounts payable to accounts
receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
63,02 |
113,00 |
112,07 |
54,01 |
|
Ratio of profit/loss to tangible assets
(in%) |
r3 / a1 * 100 |
6,70 |
5,47 |
7,13 |
5,72 |
|
Current ratio |
r31 / (r102+r116+r117) |
n/a |
n/a |
n/a |
n/a |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
0,49 |
0,96 |
0,93 |
0,45 |
|
Cash ratio |
r58 / (r102+r116+r117) |
n/a |
n/a |
n/a |
n/a |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
17,49 |
15,23 |
11,14 |
21,37 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
17,49 |
15,23 |
11,14 |
21,37 |
DIAMOND INDUSTRY –
INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
The diamond jewellery industry in India today may be
more than Rs 60000 mil and is rated amongst the fastest growing in the
world. Indi ranks third in the world in domestic diamond consumption.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of
themselves made money from these businesses but their diamond companies have
gone sick and declared insolvency.
-
Most of the money borrowed from the banks in the name
of their diamond business has been diverted in real estate and the share
market. The banks are not in a position to seize their properties because in
many cases, these were purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
UK Pound |
1 |
Rs.87.85 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.