MIRA
INFORM REPORT
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Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
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Name : |
KALINEL EOOD |
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Formerly Known As : |
MARIN RADEVSKI |
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Registered Office : |
Ul. Lakaritsa No.2 5600 Troyan |
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Country : |
Bulgaria |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1994 |
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Legal Form : |
Sole Proprietor Limited Liability Company (EOOD) |
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Line of Business : |
Manufacture of fasteners, screw machine products, chains and springs |
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No. of Employees : |
1024 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 700 000.00 |
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Status : |
Satisfactory |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Bulgaria |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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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: KALINEL EOOD
International name: KALINEL EOOD
Registered address:
ul. Lakaritsa No.2
5600 Troyan
Bulgaria
Telephone: +359-670-62677, +359-670-63464
Fax: +359-670-64310
E-Mail: kalinelco@yahoo.com, kalinelco@abv.bg
Internet: http://www.kalinelco.com
ESTABLISHMENT & REGISTRATION:
Established: 1994
Registered at Lovech district court
Court number 187/2005
Bulstat/VAT number: 110549817
HISTORY:
1994 as KALINEL - MARIN RADEVSKI, Bulstat: 820174589.
From 20.07.2005 as KALINEL EOOD (Ltd), Bulstat 110549817.
LEGAL FORM:
Sole Proprietor
Limited Liability Company (EOOD)
REGISTERED CAPITAL:
BGN 500 000.00
BANKERS:
Raiffeisenbank (Bulgaria) AD, www.rbb.bg
UNITED BULGARIAN BANK AD, www.ubb.bg
UNICREDIT BULBANK AD, www.bulbank.bg
SHAREHOLDERS/MANAGEMENT
SHAREHOLDERS:
MARIN KOLEV RADEVSKI
- 100%
MANAGEMENT:
MARIN KOLEV RADEVSKI
- manager
RELATED COMPANIES:
APRIMEKS,
KUMIR-RADEVSKI I S-IE
BUSINESS ACTIVITY
BUSINESS OPERATION:
NACE 28.74
Manufacture of fasteners, screw machine products, chains and springs
Activity:
Manufacture of
textile and furniture for IKEA
NUMBER OF EMPLOYEES:
|
As at date |
Value |
|
31.12.2006 |
442 |
|
31.12.2007 |
708 |
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31.12.2008 |
772 |
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31.12.2009 |
737 |
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31.12.2010 |
889 |
|
10.06.2011 |
737 |
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Latest stand |
1024 |
EXPORT:
France, Nitherlands,
Israel, Austria, Poland, Spain
IMPORT:
Belgium, Macedonia,
Turkey, South Korea, Indonesia
REAL ESTATE:
Own premises
FINANCIAL DATA
TURNOVER:
|
Year |
Currency |
Value |
|
2002 |
BGN |
3 968 000.00 |
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2003 |
BGN |
6 703 000.00 |
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2004 |
BGN |
11 633 000.00 |
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2005 |
BGN |
8 809 000.00 |
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2006 |
BGN |
20 588 000.00 |
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2007 |
BGN |
34 675 000.00 |
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2008 |
BGN |
36 124 000.00 |
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2009 |
BGN |
43 799 000.00 |
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2010 |
BGN |
50 712 000.00 |
MODES OF PAYMENT:
Payments are made
within agreed terms.
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 average for the branch.
CREDIT LIMIT:
EUR 700 000.00 (for
30 days)
Exchange since for
1998 BGN (denominated lev) = 0.51 EUR
|
Ratio |
2008 |
2009 |
2010 |
|
Debt ratio |
0.74 |
0.49 |
0.49 |
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Quick ratio |
0.43 |
0.68 |
0.56 |
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Current ratio |
0.69 |
0.92 |
1.01 |
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Days purchase in payables |
103.72 |
66.94 |
80.86 |
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Operating margin in % |
4.29 |
12.17 |
8.85 |
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Cash ratio (acid ratio) |
0.01 |
0.01 |
0.01 |
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Return on sales ROS in % |
3.85 |
10.95 |
7.96 |
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Return on assets ROA in % |
8.57 |
27.80 |
16.63 |
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Return on equity ROE in % |
33.11 |
54.84 |
32.61 |
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Days supply in inventory |
26.87 |
16.27 |
36.67 |
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Days sales in receivables |
43.34 |
44.75 |
44.28 |
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BALANCE SHEET in BGN'000 |
2008 |
2009 |
2010 |
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Accounting period: |
1.1.2008 - |
1.1.2009 - |
1.1.2010 - |
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Fixed assets |
9099 |
9766 |
12776 |
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Tangible assets |
6598 |
7727 |
10956 |
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Intangible assets |
37 |
25 |
26 |
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Long-term investments |
2464 |
2014 |
1794 |
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Goodwill |
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Prepaid expenses, deferred income, similar
accounts |
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Current assets |
7135 |
7495 |
11507 |
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Inventory |
2696 |
1980 |
5166 |
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Short-term receivables |
4349 |
5445 |
6237 |
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Short-term investments |
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Liquid assets |
90 |
70 |
104 |
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Prepaid expenses |
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Total Assets |
16234 |
17261 |
24283 |
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Equity capital |
4201 |
8749 |
12385 |
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Subscribed and paid capital |
500 |
500 |
500 |
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Reserves |
|
|
7846 |
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Profit or loss carried forward |
2310 |
3451 |
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Profit of the year |
1391 |
4798 |
4039 |
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Loss of the year |
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Long-term liabilities |
1625 |
368 |
508 |
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Short-term liabilities |
10408 |
8144 |
11390 |
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P&L ACCOUNT in BGN'000 |
2008 |
2009 |
2010 |
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Accounting period: |
1.1.2008 - |
1.1.2009 - |
1.1.2010 - |
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Total operating expenses |
34059 |
38331 |
45613 |
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Financial expenditures |
516 |
138 |
610 |
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Extraordinary expenses |
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Profit before taxation |
1549 |
5330 |
4489 |
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Taxes |
158 |
532 |
450 |
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Profit after taxation |
1391 |
4798 |
4039 |
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Total operating income |
36124 |
43799 |
50712 |
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Financial income |
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Extraordinary income |
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Loss after taxation |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.35 |
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|
1 |
Rs.78.68 |
|
Euro |
1 |
Rs.65.63 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.