MIRA
INFORM REPORT
|
Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL MACHINERY TRADING |
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Registered Office : |
Ul. Maritsa No.47 bl.2 vh.3 et.3 ap.5 9700 Shumen |
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Country : |
Bulgaria |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2008 |
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Legal Form : |
Sole Proprietor Limited Liability Company (EOOD) |
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Line of Business : |
Trade with second-hand construction machines. |
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No. of Employees : |
1 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
EUR 5 000.00 |
|
Status : |
Moderate |
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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) |
|
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: GLOBAL MASHINERI TREYDING
International name: GLOBAL MACHINERY TRADING
Registered address:
ul. Maritsa No.47 bl.2 vh.3 et.3 ap.5
9700 Shumen
Bulgaria
Telephone: +359-54-830212
E-Mail: machinery-trading@gmx.de
Internet: http://www.machinery-trading.com
ESTABLISHMENT & REGISTRATION:
Established: 2008
Registered at Bulgarian trade register
Court number 200356824
Bulstat/VAT number: 200356824
LEGAL FORM:
Sole Proprietor
Limited Liability Company (EOOD)
REGISTERED CAPITAL:
BGN 5 000.00
SHAREHOLDERS/MANAGEMENT
SHAREHOLDERS:
YORDAN NIKOLAEV
YORDANOV - 100%
MANAGEMENT:
YORDAN NIKOLAEV
YORDANOV - manager
RELATED COMPANIES:
none
BUSINESS ACTIVITY
BUSINESS OPERATION:
NACE 51.19 Agents
involved in the sale of variety of goods
Activity:
Trade with
second-hand construction machines.
NUMBER OF EMPLOYEES:
|
As at date |
Value |
|
Latest stand |
1 |
EXPORT:
none
IMPORT:
Germany
REAL ESTATE:
none
FINANCIAL DATA
TURNOVER:
|
Year |
Currency |
Value |
|
2009 |
BGN |
44 000.00 |
|
2010 |
BGN |
125 000.00 |
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 5 000.00 (for 30
days)
Exchange since for
1998 BGN (denominated lev) = 0.51 EUR
|
Ratio |
2009 |
2010 |
|
Debt ratio |
0.03 |
0.11 |
|
Quick ratio |
0.00 |
0.00 |
|
Current ratio |
34.50 |
9.09 |
|
Days purchase in payables |
16.36 |
31.68 |
|
Operating margin in % |
52.27 |
20.00 |
|
Cash ratio (acid ratio) |
32.50 |
8.00 |
|
Return on sales ROS in % |
47.73 |
17.60 |
|
Return on assets ROA in % |
30.43 |
22.00 |
|
Return on equity ROE in % |
31.34 |
24.72 |
|
Days supply in inventory |
32.73 |
34.56 |
|
Days sales in receivables |
0.00 |
0.00 |
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BALANCE SHEET in BGN'000 |
2009 |
2010 |
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Accounting period: |
1.1.2009 - |
1.1.2010 - |
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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 |
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Goodwill |
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Intangible fixed assets under construction |
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thereof advances |
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Total I: |
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II Fixed Tangible Assets |
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Land and Buildings |
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thereof Land |
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thereof Buildings |
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Machines, Vehicles |
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Equipment |
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Tangible fixed assets under construction |
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thereof advances |
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Total II |
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III. Fixed Financial Assets |
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Shares in group companies |
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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 |
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B. FIXED ASSETS TOTAL |
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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 |
4 |
5 |
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thereof production |
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|
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thereof goods for sale |
4 |
5 |
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Advances |
|
7 |
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Total I |
4 |
12 |
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II. Receivables |
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Receivables from customers |
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thereof more than 1 year |
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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 |
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thereof more than 1 year |
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Total II |
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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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|
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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 |
65 |
88 |
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thereof cash in BGN |
5 |
88 |
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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 |
65 |
88 |
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C. CURRENT ASSETS TOTAL |
69 |
100 |
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D. Deferred expenses |
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TOTAL ASSETS |
69 |
100 |
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A. OWNERS EQUITY |
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I. Share capital |
5 |
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 |
41 |
62 |
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Uncovered loss |
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Total V |
41 |
62 |
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VI. Current result profit (loss) |
21 |
22 |
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A. OWNERS EQUITY TOTAL |
67 |
89 |
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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 |
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less than 1 year |
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more than 1 year |
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Bank loans |
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less than 1 year |
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more than 1 year |
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Advances received |
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less than 1 year |
|
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more than 1 year |
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Payables to suppliers |
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less than 1 year |
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more than 1 year |
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Liabilities on policies |
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less than 1 year |
|
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more than 1 year |
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Liabilities to group companies |
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less than 1 year |
|
|
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more than 1 year |
|
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Liabilities to joint-venture companies |
|
|
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less than 1 year |
|
|
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more than 1 year |
|
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Other liabiliies |
2 |
11 |
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less than 1 year |
2 |
11 |
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more than 1 year |
|
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thereof to personnel |
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less than 1 year |
|
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more than 1 year |
|
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thereof to social insurance |
2 |
5 |
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less than 1 year |
2 |
5 |
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more than 1 year |
|
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thereof for taxes |
2 |
5 |
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less than 1 year |
2 |
5 |
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more than 1 year |
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C. LIABILITIES TOTAL |
2 |
11 |
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less than 1 year |
2 |
11 |
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more than 1 year |
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D. FINANCING AND DEFERRED INCOME |
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thereof |
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Financing |
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Deferred income |
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TOTAL EQUITY AND LIABILITIES |
69 |
100 |
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P&L ACCOUNT in BGN'000 |
2009 |
2010 |
|
Accounting period: |
1.1.2009 - |
1.1.2010 - |
|
A. EXPENSES |
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I. OPERATION EXPENSES |
|
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Decrease of inventories |
|
|
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thereof for materials |
|
1 |
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thereof for services |
1 |
15 |
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Personnel expenses |
|
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thereof wages |
|
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thereof social insurance |
|
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thereof pensions |
|
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Depreciation |
|
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thereof Depreciation of fixed assets |
|
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Other expenses |
20 |
83 |
|
thereof Book value of sold assets (without
production) |
20 |
83 |
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I. OPERATION EXPENSES TOTAL |
21 |
99 |
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II. Financial expenditures |
|
|
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Depreciation of financial assets |
|
|
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thereof exchange rate losses |
|
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Paid interest |
|
1 |
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thereof interest to group companies |
|
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Thereof expenditures for securities operations |
|
|
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II. Financial expenditures Total |
|
1 |
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B. Profit on ordinary activity |
23 |
25 |
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III. Extraordinary expenses |
|
|
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thereof expenses on disasters and emergency
expenses |
|
|
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C. Total expenses (I+II+III) |
21 |
100 |
|
D. Accounting profit |
23 |
25 |
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IV. Taxation on profit |
2 |
3 |
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V. Other taxes |
|
|
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E. Net profit |
21 |
22 |
|
Total expenses |
44 |
125 |
|
A. REVENUES |
|
|
|
I . OPERATING REVENUES |
|
|
|
Net sales |
44 |
125 |
|
Production |
|
|
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Goods |
24 |
80 |
|
Services |
20 |
45 |
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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 |
|
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thereof financing |
|
|
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I. TOTAL OPERATING REVENUES |
44 |
125 |
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II FINANCIAL REVENUES |
|
|
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Income from shares |
|
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thereof income from shares in group companies |
|
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Income from investments and loans |
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thereof from investments in group companies |
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Income from interest |
|
|
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thereof from interest from group companies |
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II FINANCIAL REVENUES TOTAL |
|
|
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TOTAL REVENUES FROM ORDINARY ACTIVITIES |
44 |
125 |
|
LOSS |
|
|
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Extraordinary revenues |
|
|
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AFTER TAX LOSS |
|
|
|
TOTAL REVENUES |
44 |
125 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.03 |
|
|
1 |
Rs.79.32 |
|
Euro |
1 |
Rs.66.02 |
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 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.