MIRA INFORM REPORT

 

 

Report Date :

27.06.2012

 

IDENTIFICATION DETAILS

 

Name :

GANZ METER FACTORY COMPANY LIMITED LIABILITY COMPANY

 

 

Registered Office :

Táncsics Mihály u. 11, 2100 Gödöllő

 

 

Country :

Hungary

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

17.07.1989

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of instruments and appliances for measuring, testing and navigation

 

 

No. of Employees :

Not Available

 

 

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 complaint 

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)

Hungary

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


COMPANY REPORTED

 

 

 

 

 

 

GANZ MÉRŐGYÁR KORLÁTOLT FELELŐSSÉGŰ TÁRSASÁG
International Name: GANZ Meter Factory Company Limited Liability Company
Aliases: GANZ Mérőgyár Kft.


Principal Address:
Táncsics Mihály u. 11
2100 Gödöllő
Hungary
Telephone: +36-28-520600
Fax: +36-28-520605
Email: info.godollo@itron.com
Web: www.itron.com

 

 

Former company addresses
Former Principal Address:
Ganz Ábrahám u. 2
2100 Gödöllő
17.07.1989 - 15.03.1999
Hungary

 

 

ICON number: 4266880
National ID: 10278587
International VAT number: HU10278587
VAT number: 10278587-2-44

 

 

Registration status: 17.07.1989 - registered company
Activity status: 17.07.1989 - active company

 

 

Date of Last Research:

25.06.2012

 

 

 

 

 

 

CREDIT INFORMATION SUMMARY

 

 

 

 

 

Insolvency Information:

According to available information sources the company is not in a insolvency/preliminary/debt regulation proceeding.

 

 

 

 

 

 

Payment Practices:

No adverse payment incidents known at this time

 

 

Further Rating Information:

Researched company is categorized as a big company.
Turnover volume of HUF 13.148.705.000 in the year 2011 increased by 0,52% compared with 2010. In the previous period this change was -16,47%.
Fixed assets decreased by HUF 158.732.000 and now 35,61% of total assets.

Cash flow from results of HUF 1.069.054.000 increased by 4,62% compared with last year result.

 

 

Debt Collection:

There is no record of any debt collection action by Coface Hungary Credit Management Services Kft. against this company exceeding a single case volume of EUR 500.
Debt to state cases are always shown (Unknown debt amount).

 

 

 

 

 

COMPANY DETAILS

 

 

 

 

 

Established:

17.07.1989

 

 

Registration:

No. 1309060524
17.07.1989
Budapest, Hungary

 

 

Legal Form:

17.07.1989
Limited Liability Company

 

 

Capital:

Nominal capital:

 

HUF 1.000.000.000,00

since 04.10.2004

 

Changed from:

HUF 500.000.000,00

since 08.09.1999

 

 

HUF 920.000.000,00

since 28.05.1999

 

 

HUF 500.000.000,00

since 07.12.1989

 

 

Shareholders:

Full Name

Function

Address

Equity capital

ITRON Holding Hungary Vagyonkezelő Korlátolt Felelősségű Társaság
Registration: No. 1309125299, Hungary

Partner
28.07.2005 - Present

Táncsics Mihály utca 11
2100 Gödöllő
Hungary

99,99%

Itron Luxembourg Sarl
Registration: Luxembourg

Partner
23.02.2011 - Present

Rue Guillaume Kroll 12F
1882 Luxembourg
Luxembourg

0,01%

 

 

Management:

Full Name

Function

Address

BIRÓ István
Nationality: HU
01.09.2009 - Present

Managing director

Ligeti Juliska u. 2/A
2100 Gödöllő

GUILLAUME DE Contenson
Nationality: BE
01.09.2009 - Present

Managing director

Avenue du Vert Chasseur 6
1180 Brussels
Belgium

PHILIPPE LE Bris

Managing director

Dreve Marronniers 25
1410 Waterloo
Belgium

Ernst & Young Könyvvizsgáló Korlátolt Felelősségű Társaság
Registration: No. 0109267553, 28.06.1994, Budapest, Hungary
07.06.2011 - Present

Auditor

 

MÉSZÁROS Péter
Nationality: HU
26.09.2011 - Present

Auditor

Kötélgyártó utca 4
1222 Budapest
Hungary

SZÖVÉNYI-LUX Mátyás
Nationality: HU
01.09.2009 - Present

Head of Commercial department

Széher út 62
1021 Budapest

TÓTH József
Nationality: HU
01.09.2009 - Present

Head of Engineering and Production

Kossuth u. 24
2194 Tura

SZABÓ István
Nationality: HU
01.09.2009 - Present

Head of Finance and Accounting

Deák F. u. 51
2116 Zsámbok

BENSE Mária
Nationality: HU
01.09.2009 - Present

Economic Director

Erdősor utca 58
1046 Budapest

 

 

Person functions in other companies:

Function

Company

Other known functions of  Mészáros Péter

Auditor

ISD Kokszoló Korlátolt Felelősségű Társaság (HU)
National ID: 11103736

Auditor

VISHAY Hungary Elektronikai Korlátolt Felelősségű Társaság (HU)
National ID: 11757665

Auditor

LKH LEONI Kábelgyár Hungaria Korlátolt Felelősségű Társaság (HU)
National ID: 11175906

Auditor

Csatorna Holding Vagyonkezelő Zártkörűen Működő Részvénytársaság (HU)
National ID: 11798961

Auditor

AC Nielsen Piackutató Korlátolt Felelősségű Társaság (HU)
National ID: 10554816

Auditor

Pilkington AGR Hungary Autóüveg Nagykereskedelmi Korlátolt Felelősségű Társaság (HU)
National ID: 11132787

Auditor

Intier Csoport-finanszírozó (Hungary) Korlátolt Felelősségű Társaság (HU)
National ID: 12570696

Auditor

Hewlett-Packard Technológiai Licencek és Licencnyújtó Korlátolt Felelősségű Társaság (HU)
National ID: 12784019

Auditor

McDonald's Promotion Reklámszervezési Korlátolt Felelősségű Társaság (HU)
National ID: 12824256

Auditor

Ferrous Kereskedelmi Korlátolt Felelősségű Társaság (HU)
National ID: 12962927

Auditor

ÖKO-FERR Hulladékkezelést Koordináló Közhasznú Társaság (HU)
National ID: 21803358

Auditor

UNIT4 CODA Hungary Informatikai Korlátolt Felelősségű Társaság (HU)
National ID: 13550299

Auditor

CSC Pharmaceuticals Hungary Kereskedelmi Korlátolt Felelősségű Társaság (HU)
National ID: 13513980

Auditor

Algeco Scotsman Group Korlátolt Felelősségű Társaság (HU)
National ID: 14071887

Auditor

Codexis Laboratories Hungary Korlátolt felelősségű társaság (HU)
National ID: 14175716

Auditor

Hewlett-Packard Informatikai Korlátolt Felelősségű Társaság (HU)
National ID: 14445710

Auditor

Algeco Scotsman Holdings Korlátolt Felelősségű Társaság (HU)
National ID: 14486841

Auditor

Apex Tool Group Hungária Korlátolt Felelősségű Társaság (HU)
National ID: 11129682

Auditor

Duna-Dráva Cement Korlátolt Felelősségű Társaság (HU)
National ID: 10324602

Auditor

Dunai Kavicsüzemek Korlátolt Felelősségű Társaság (HU)
National ID: 10771798

Auditor

Dunai Kavicsüzemek Korlátolt Felelősségű Társaság (HU)
National ID: 10771798

Auditor

TBG Hungária-Beton Befektető, Gyártó és Forgalmazó Korlátolt Felelősségű Társaság (HU)
National ID: 12195440

Auditor

ISD POWER Energiatermelő és Szolgáltató Korlátolt Felelősségű Társaság (HU)
National ID: 11451448

Other known functions of  Guillaume De Contenson

Managing director

ITRON Holding Hungary Vagyonkezelő Korlátolt Felelősségű Társaság (HU)
National ID: 13533421

 

 

Related Companies:

incorporated by merger
Actaris Development Magyarország Vagyonkezelő Korlátolt Felelősségű Társaság , Hungary , National ID: 13083122
Registration: company has changed legal form (04.10.2004)

Auditor
Ernst & Young Könyvvizsgáló Korlátolt Felelősségű Társaság
Registration: No. 0109267553, 28.06.1994, Budapest, Hungary
07.06.2011 - Present

Actaris Development Magyarország Kft. merged in 2004.

 

 

 

 

 

KEY DATA ON OPERATIONS

 

 

 

 

 

Subject of Operation:

NACE
  2651 Manufacture of instruments and appliances for measuring, testing and navigation

NACE codes given are based on the most recent NACE Revision 2.

The company is active in the Coface sector 'Mechanics and precision'.

 

 

Key Data:

Amounts shown in Hungarian Forint (HUF) Thousand

 

2011

2010

2009

2008

Net sales revenue

13.148.705

13.080.951

15.660.734

15.725.930

Fixed assets

2.109.933

2.268.665

2.662.566

3.029.317

Owner's equity

2.699.956

2.415.596

2.183.064

1.986.176

Liabilities

2.939.543

4.381.290

5.128.108

5.439.636

Profit after taxation

584.360

522.531

934.590

533.082

Operating result - profit

765.643

430.122

1.719.640

953.107

 

 

 

 

 

 

Industry average

 

2011

2010

2009

2008

 

2011

2010

2009

2008

Return on assets (ROA)
Profit after tax / Total assets * 100

9,86

7,39

12,20

6,88

 

 

0,06

0,07

0,07

Return on equity (ROE)
Profit after tax / Equity * 100

21,64

21,63

42,81

26,84

 

 

0,12

0,12

0,17


Industry average values are listed for the NACE branch: 2651 - Manufacture of instruments and appliances for measuring, testing and navigation

 

 

Workforce:

 

2012

2011

2010

2009

Total workforce

393

334

366

377

 

 

Motor Vehicles:

 

2011

Total number of vehicles

20

 

 

Imports:

2011

2010

Belgium: HUF 1.555 Thousand

Belgium: HUF 366.432 Thousand

Germany: HUF 1.979.749 Thousand

Germany: HUF 1.838.406 Thousand

France: HUF 1.235.203 Thousand

France: HUF 1.114.994 Thousand

 

 

Exports:

2011

2010

Austria: HUF 550.305 Thousand

Austria: HUF 558.343 Thousand

Germany: HUF 3.050.956 Thousand

Germany: HUF 3.247.800 Thousand

Portugal: HUF 575.037 Thousand

Portugal: HUF 629.662 Thousand

Romania: HUF 1.304.234 Thousand

Romania: HUF 1.155.841 Thousand

 

 

Major Customers:

Itron Group
ELMŰ Nyrt.
ÉMÁSZ Nyrt.
DÉMÁSZ Zrt.

 

 

Major Suppliers:

Itron Group
KARSAI PLAST Kft.

 

 

 

 

 

FINANCIAL INFORMATION

 

 

 

 

 

Financials:

Amounts shown in Hungarian Forint (HUF) Thousand

2011

2010

2009

2008

 



BALANCE SHEET

 


ASSETS

 

FIXED ASSETS

2.109.933,00

2.268.665,00

2.662.566,00

3.029.317,00

 

Intangible assets

351.516,00

568.922,00

788.951,00

1.011.205,00

 

Rights

1.515,00

1.978,00

 

 

 

Intellectual products

5.758,00

3.801,00

6.908,00

10.262,00

 

Goodwill

344.243,00

563.143,00

782.043,00

1.000.943,00

 

Tangible assets

1.747.393,00

1.686.554,00

1.859.509,00

2.002.294,00

 

Land and buildings

870.754,00

818.467,00

846.467,00

875.061,00

 

Technical equipment, machinery, vehicles

565.900,00

567.372,00

694.836,00

792.529,00

 

Other equipment, accessories, vehicles

180.331,00

260.524,00

252.834,00

246.783,00

 

Construction in progress

129.060,00

17.214,00

56.244,00

77.669,00

 

Advances for constr. in progress

1.348,00

22.977,00

9.128,00

10.252,00

 

Financial investments

11.024,00

13.189,00

14.106,00

15.818,00

 

Other long-term loans

11.024,00

13.189,00

14.106,00

15.818,00

 

CURRENT ASSETS

3.788.631,00

4.780.509,00

4.983.333,00

4.698.155,00

 

Inventories

1.339.171,00

1.159.504,00

1.203.946,00

1.367.437,00

 

Raw materials

762.597,00

732.050,00

662.332,00

732.559,00

 

WIP and semi-finished goods

149.827,00

145.085,00

120.344,00

192.345,00

 

Finished goods

312.054,00

181.550,00

174.901,00

124.139,00

 

Goods

114.026,00

100.819,00

241.840,00

266.289,00

 

Advances (prepayments) for stocks

667,00

 

4.529,00

52.105,00

 

Receivables

1.433.628,00

2.525.350,00

2.662.085,00

1.710.786,00

 

Trade debtors (receivables from customer)

751.166,00

1.000.180,00

1.084.379,00

1.000.799,00

 

Receivables from affiliated undertakings

542.446,00

509.468,00

1.102.961,00

484.356,00

 

Other receivables

140.016,00

1.024.949,00

474.745,00

225.631,00

 

Securities

0,00

0,00

0,00

0,00

 

Cash and cash equivalents

1.015.832,00

1.095.655,00

1.117.302,00

1.619.932,00

 

Cash at hand, cheques

3.337,00

1.842,00

5.877,00

4.625,00

 

Bank deposits

1.012.495,00

1.093.813,00

1.111.425,00

1.615.307,00

 

PREPAYMENTS

26.822,00

17.772,00

11.558,00

21.974,00

 

Accrued income (A)

26.695,00

17.236,00

9.632,00

21.672,00

 

Prepaid expenses

127,00

536,00

1.926,00

302,00

 

TOTAL ASSETS

5.925.386,00

7.066.946,00

7.657.457,00

7.749.446,00

 


EQUITY AND LIABILITIES

 

OWNER'S EQUITY

2.699.956,00

2.415.596,00

2.183.064,00

1.986.176,00

 

Subscribed capital

1.000.000,00

1.000.000,00

1.000.000,00

1.000.000,00

 

Subscribed capital unpaid

0,00

0,00

0,00

0,00

 

Capital reserve

0,00

0,00

0,00

0,00

 

Accumulated profit reserve

1.415.596,00

1.183.065,00

766.474,00

643.094,00

 

Tied-up reserve

0,00

0,00

0,00

0,00

 

Revaluation reserve

0,00

0,00

0,00

0,00

 

Profit/Loss per balance sheet

284.360,00

232.531,00

416.590,00

343.082,00

 

PROVISIONS

75.975,00

74.975,00

75.152,00

52.965,00

 

Provision for future liabilities

75.975,00

74.975,00

75.152,00

52.965,00

 

LIABILITIES

2.939.543,00

4.381.290,00

5.128.108,00

5.439.636,00

 

Subordinate liabilities

0,00

0,00

0,00

0,00

 

Long term liabilities

900.000,00

1.800.000,00

2.455.565,00

2.250.631,00

 

Long-term liabilities to affiliated undertakings

900.000,00

1.800.000,00

2.455.565,00

2.250.631,00

 

Short term liabilities

2.039.543,00

2.581.290,00

2.672.543,00

3.189.005,00

 

Advances from debtors

 

 

176,00

373,00

 

Trade creditors (accounts payable)

1.264.047,00

2.000.788,00

1.698.641,00

1.859.381,00

 

Short-term liabilities to affiliated undertakings

707.496,00

512.338,00

886.022,00

1.243.569,00

 

Other short term liabilities

68.000,00

68.164,00

87.704,00

85.682,00

 

ACCRUALS

209.912,00

195.085,00

271.133,00

270.669,00

 

Accrued expenses

196.880,00

181.966,00

255.906,00

247.540,00

 

Accrued income ( P )

13.032,00

13.119,00

15.227,00

23.129,00

 

TOTAL LIABILITIES

5.925.386,00

7.066.946,00

7.657.457,00

7.749.446,00

 



PROFIT AND LOSS

 

Net domestic sales revenue

3.514.977,00

3.481.349,00

4.754.291,00

6.260.932,00

 

Net export sales revenue

9.633.728,00

9.599.602,00

10.906.443,00

9.464.998,00

 

Net sales revenue

13.148.705,00

13.080.951,00

15.660.734,00

15.725.930,00

 

Variation in self-manufactured stocks

135.246,00

31.390,00

-21.239,00

-3.539,00

 

Value of capitalised own performance

135.246,00

31.390,00

-21.239,00

-3.539,00

 

Other income

232.088,00

67.276,00

128.536,00

125.748,00

 

Reversed loss in value from other income

88.135,00

13.266,00

11.784,00

59.526,00

 

Cost of raw materials and consumables

8.405.142,00

8.575.857,00

9.260.948,00

9.801.614,00

 

Contracted services

792.412,00

815.606,00

844.289,00

811.762,00

 

Value of other services

20.392,00

38.418,00

53.073,00

38.612,00

 

Cost of goods sold

1.114.827,00

908.165,00

1.266.671,00

1.600.141,00

 

Material type expenses

10.332.773,00

10.338.046,00

11.424.981,00

12.252.129,00

 

Wage cost

1.232.460,00

1.199.112,00

1.248.309,00

1.186.985,00

 

Other personnel expenses

154.771,00

157.375,00

166.264,00

196.974,00

 

Social security charges

372.697,00

368.921,00

1.248.309,00

421.155,00

 

Personnel type expenses

1.759.928,00

1.725.408,00

1.834.134,00

1.805.114,00

 

Depreciation and amortization

484.694,00

499.302,00

561.917,00

574.738,00

 

Other expenses

173.001,00

186.739,00

227.359,00

263.051,00

 

Loss in value from other expenditures

26.438,00

18.104,00

25.619,00

32.742,00

 

OPERATING ( TRADING ) RESULT

765.643,00

430.122,00

1.719.640,00

953.107,00

 

Other interest and similar income (received or due)

6.126,00

13.468,00

38.152,00

13.732,00

 

Other interest and similar income (received or due) from affiliated undertakings

0,00

10.312,00

11.500,00

 

 

Other income (earnings) from financial activities (financial income)

381.065,00

214.424,00

449.015,00

338.568,00

 

Financial income

387.191,00

227.892,00

487.167,00

352.300,00

 

Interest payable and similar charges

187.036,00

239.142,00

340.515,00

252.827,00

 

Interest payable and similar charges from affiliated undertakings

0,00

239.142,00

 

252.827,00

 

Other expenses on financial transactions

302.298,00

259.307,00

713.309,00

391.411,00

 

Expenses on financial transactions (financial expenditures)

489.334,00

498.449,00

1.053.824,00

644.238,00

 

RESULT OF FINANCIAL ACTIVITIES

-102.143,00

-270.557,00

-566.657,00

-291.938,00

 

ORDINARY PROFIT

663.500,00

159.565,00

1.152.983,00

661.169,00

 

Extraordinary income

1.026,00

15.921,00

8.558,00

10.467,00

 

Extraordinary expense

9.738,00

3.250,00

1.551,00

20.063,00

 

EXTRAORDINARY PROFIT

-8.712,00

12.671,00

7.007,00

-9.596,00

 

PROFIT BEFORE TAX

654.788,00

172.236,00

1.159.990,00

651.573,00

 

Tax charge

70.428,00

-350.295,00

225.400,00

118.491,00

 

PROFIT AFTER TAX

584.360,00

522.531,00

934.590,00

533.082,00

 

Dividends (approved) paid

300.000,00

290.000,00

518.000,00

190.000,00

 

PROFIT/LOSS PER BALANCE SHEET

284.360,00

232.531,00

416.590,00

343.082,00






 

 

Approximate Exchange Rates:

2011: 311,13 HUF = 1 EUR
2010: 278,75 HUF = 1 EUR
2009: 270,84 HUF = 1 EUR
2008: 264,78 HUF = 1 EUR
2007: 253,35 HUF = 1 EUR
2011: 240,68 HUF = 1 USD
2010: 208,65 HUF = 1 USD
2009: 188,07 HUF = 1 USD
2008: 187,91 HUF = 1 USD
2007: 172,61 HUF = 1 USD

 

 

Financial data source:

2011: Financials obtained from an official source
2010: Financials obtained from an official source
2009: Financials obtained from an official source
2008: Financials obtained from an official source

 

 

Bankers:

Citibank Europe plc. Magyarországi Fióktelepe - Account no. 10800007-30000010-03938502
1051 Budapest, Szabadság tér 7

Citibank Europe plc. Magyarországi Fióktelepe - Account no. 10800007-43938018-00000000
1051 Budapest, Szabadság tér 7

 

 

Ratios:

 

 

 

 

 

Industry average

 

2011

2010

2009

2008

 

2011

2010

2009

2008

 

LIQUIDITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current ratio
Current Assets / Short-term Liabilities **Note: 2 is an acceptable result, but even 1,8 is considered excellent in bank practice

1,86

1,85

1,86

1,47

 

 

4,42

4,27

4,60

 

 

 

 

 

Quick ratio
(Current Assets - Inventory) / Short-term Liabilities *Note: 1 is an excellent result, but anything above 0,8 is considered good

1,20

1,40

1,41

1,04

 

 

3,75

3,55

4,03

 

 

 

 

 

Dynamic Liquidity
Operating result /Short term liabilities

0,38

0,17

0,64

0,30

 

 

 

 

 

 

 

 

 

 

 

INDEBTNESS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial standing
Equity Capital / Balance sheet sum * 100

45,57

34,18

28,51

25,63

 

 

0,62

0,64

0,63

 

 

 

 

 

Debt Ratio (%)
Total Liabilities / Total Assets x100

49,61

62,00

66,97

70,19

 

 

0,36

0,34

0,35

 

 

 

 

 

Percent shareholder equity increase
Equity Capital / Share capital * 100

270,00

241,56

218,31

198,62

 

 

 

 

 

 

 

 

 

 

Dynamic indebtedness
(Profit after tax+Depreciation and amortization)/Total liabilities

0,36

0,23

0,29

0,20

 

 

0,59

0,66

0,76

 

 

 

 

 

 

PROFITABILITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return on assets (ROA)
Profit after tax / Total assets * 100

9,86

7,39

12,20

6,88

 

 

0,06

0,07

0,07

 

 

 

 

 

Return on equity (ROE)
Profit after tax / Equity * 100

21,64

21,63

42,81

26,84

 

 

0,12

0,12

0,17

 

 

 

 

 

Return on Sales (ROS), %
Net result *100 / Sales

4,44

3,99

5,97

3,39

 

 

0,05

0,04

0,05

 

 

 

 

 

Adjusted Operating Income on Sales (%)
(Operating ( trading ) result+Depreciation and amortization)/Net sales revenue

9,51

7,11

14,57

9,72

 

 

 

 

 

 

 

 

 

 

 

ACTIVITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables turnover (in days)
Short term liabilities/(Material type expenses/365)

72,05

91,14

85,38

95,00

 

 

18,25

21,03

22,41

 

 

 

 

 

Collection Period (in days)
Accounts Receivable *365 / Sales

39,80

70,47

62,04

39,71

 

 

35,06

35,47

31,67

 

 

 

 

 

Rotation rate of inventory ( in days )
Inventory / Turnover * 365

37,17

32,35

28,06

31,74

 

 

23,57

28,85

23,01

 

 

 

 

 

 

OTHERS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash liquidity index
Liquid assets / Short-term liabilities * 100

49,81

42,45

41,81

50,80

 

 

 

 

 

 

 

 

 

 

Percent receivables
Receivables / Short term liabilities * 100

70,29

97,83

99,61

53,65

 

 

 

 

 

 

 

 

 

 

Percent current assets
(Current Assets - Receivables) / Short term liabilities * 100

115,47

87,37

86,86

93,68

 

 

 

 

 

 

 

 

 

 

Total liabilities to Net worth
Total liabilities/Owner's equity-Intangible assets

1,25

2,37

3,68

5,58

 

 

 

 

 

 

 

 

 

 

Covering of fixed assets
Equity Capital / Fixed assets * 100

127,96

106,48

81,99

65,57

 

 

 

 

 

 

 

 

 

 

Recovery index of assets
Turnover / Total assets * 100

221,90

185,10

204,52

202,93

 

 

 

 

 

 

 

 

 

 

Short term liabilities turnover
Short-term liabilities / Turnover * 100

15,51

19,73

17,07

20,28

 

 

 

 

 

 

 

 

 

 

Working capital turnover
(
- Short-term liabilities) / equity

0,13

0,17

0,15

0,10

 

 

 

 

 

 

 

 

 

 


Industry average values are listed for the NACE branch: 2651 - Manufacture of instruments and appliances for measuring, testing and navigation

 



 

ADDITIONAL INFORMATION

 

 

 

 

 

Contact With Company:

We have tried to contact the management of this firm but have not been successful. There has been no response for correspondence sent.

 

 

Additional information:

Hungarian NSB keycode: 10278587-2651-113-13

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.57.07

UK Pound

1

Rs.88.95

Euro

1

Rs.71.40

 

 

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%)

 

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.