MIRA INFORM REPORT

 

 

Report Date :

10.03.2012

 

IDENTIFICATION DETAILS

 

Name :

kamnik-schlenk d.o.o.

 

 

Registered Office :

Fužine 9, 1240 Kamnik

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2010 

 

 

Date of Incorporation :

17.07.1998

 

 

Com. Reg. No.:

13084400

 

 

Legal Form :

D.O.O. - Limited liability company (Ltd.)               

 

 

Line of Business :

Manufacture of dyes and pigments

 

 

No. of Employees :

59 employees                                           

 

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

 

Maximum Credit Limit :

EUR 100.000                                             

Status :

Satisfactory

Payment Behaviour :

No Complaints

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)

Slovenia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name and address

 

KAMNIK-SCHLENK d.o.o.

 

Fužine 9,

1240 Kamnik

 

Phone               : 01 8309440

Telefax              : 01 8309443

E-Mail               : info@kamnik-schlenk.si

Web                 : www.schlenk.de

 

Your inquiry    Name      :           Kamnik Schlenk d.o.o.

Country                         :        Slovenija

Address                        :        1240 Kamnik, Fužine 9

Telephone                     :      01 8309440

Telefax                          :        01 8309443

 

 

Summary

 

Legal form                     d.o.o. - Limited liability company (Ltd.)                                       

Established on               17/07/1998 - d.o.o. - Limited liability company (Ltd.)         

                                    last entry on 9.3.2011                                         

Registered on                17/07/1998, Ljubljana, Registration number: 13084400           

                                    Tax number: SI89934806                                         

                                    Company number: 1304267                                        

Registered capital                                                                           EUR          202.838,00    

 

Owner                           SCHLENK INTERNATIONAL GMBH          EUR          202.838,00    

                                    BARNSDORFER HAUPTRASSE 5, 91154                                

                                    ROTH, Germany                                                   

 

Manager                        Bojan Flis                                                     

                                    Stari trg 1, 1000 Ljubljana                                    

                                     director                                                        

General data                  company activity:                                              

                                    manufacture of dyes and pigments                               

                                                                                

                                                                              

                Headquarters and business-production premisess are located on the address above                                              

                Main activity:                                                 

                Manufacture of dyes and pigments (NACE 2)               (20.12)

                Export:                                                        

                Austria                                                         

                Switzerland                                                    

                Germany                                                        

                Egypt                                                           

                                       USA                                                            

                Import:                                                        

                Germany                                                         

                Italy                                                          

                                                                               

                Residence address:                                              

                Fužine 9, 1240 Kamnik                                          

                Phone:                                                         

                01 8309440                                                     

                Telefax:                                                       

                01 8309443                                                     

                E-Mail:                                                        

                info@kamnik-schlenk.si                                         

                Web:                                                           

                www.schlenk.de                                                 

 

Other activities     

 

Employees                    2007    64 employees                                           

                                     2008    62 employees                                           

                                    2009    55 employees                                           

                                    2010    59 employees                                           

 

Annual turnover 2007            Enterprise turnover              EUR        10.726.821,-    

                                     2008            Enterprise turnover             EUR        11.759.452,-    

                                    2009            Enterprise turnover              EUR         7.619.793,-    

                                     2010            Enterprise turnover             EUR        10.720.049,-    

 

Property                        Company's property: Business premises                                   

                                                                                

               1240 Kamnik, Fužine 9                                         

                                                                               

                Company's                                                      

                property: Land                                                 

                                                                               

                 per 31.12.2010                                                 

                SI-                                                            

                Book value: 498.728,- EUR ()                                   

                                                                                

                Company's property: Buildings                                          

                 per 31.12.2010                                                

                SI-                                                             

                Book value: 717.147,- EUR ()                                   

 

Remarks                       full name of company:                                          

                                    KAMNIK-SCHLENK, proizvodnja in trgovina kovinskih pigmentov,   

                                    d.o.o.                                                         

 

Bank relations               NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA:                        

                                     Central address: SI Trg republike 2, 1520 Ljubljana            

                                    Account number: SI56 023120051157518                           

                                                                               

                                    UNICREDIT BANKA SLOVENIJA d.d.:                                

                                    Central address: SI Šmartinska 140, 1000 Ljubljana             

                                    Account number: SI56 290000055252124                           

                                                                                

Company development               Constant                                                   (30)

                                                                    

Terms of payment                      No complaints                                           (39)

                                                                       

Business connection                  Business connection are premissible          (21)

                                                               

 

Credit limit    EUR 100.000,-                                                  

 

A. The enclosed balance of 2010 is originated from official source, it is not  

authenticated by the auditor. (31.12.2010 - 1 EUR)                             

 

B. The enclosed balance of 2009 is originated from official source, it is not  

authenticated by the auditor. (31.12.2009 - 1 EUR)                             

 

C. The enclosed balance of 2008 is originated from official source, it is not  

authenticated by the auditor. (31.12.2008 - 1 EUR)                             

 

D. The enclosed balance of 2007 is originated from official source, it is not  

authenticated by the auditor. (31.12.2007 - 1 EUR)                             

 

 

balance                              A           B           C           D

                            31.12.2010  31.12.2009  31.12.2008  31.12.2007

ASSETS (AKTIVA)              4.694.927  10.726.260   9.423.471   8.020.651

>LONG-TERM ASSETS           >1.938.732  >1.920.863  >2.130.992  >2.400.508

Intangible assets and            7.903      13.630       9.716      10.311

long-term deferred costs                                                  

and accrued revenues                                                      

Intangible assets                7.903      13.630       9.716      10.311

Long-term deferred costs             0           0           0           0

and accrued revenues                                                      

Tangible fixed assets        1.926.715   1.897.061   2.106.630   2.367.063

Long-term financial                  0           0           0           0

investments and Real                                                      

estate investments                                                         

Investment property                  0           0           0           0

Long-term financial                  0           0           0           0

investments                                                               

Long-term operating                  0           0           0           0

receivables                                                               

Deferred receivables for         4.114      10.172      14.646      23.134

taxes                                                                      

>SHORT-TERM ASSETS          >2.747.883  >8.797.388  >7.286.805  >5.615.096

Assets (group for                    0           0           0           0

estrange) for sell                                                        

Inventories                  1.422.380   1.073.141   1.271.929   1.465.894

Short-term financial                 0   3.156.513   2.303.467     991.047

investments                                                               

Short-term operating           910.092   4.065.335   3.325.804   2.419.159

receivables                                                               

Cash assets                    415.411     502.399     385.605     738.996

>Short-term deferred            >8.312      >8.009      >5.674      >5.047

costs and accrued revenues                                                

Off-balance sheet items            835      41.635     252.183     124.407

>LIABILITIES                >4.694.927 >10.726.260  >9.423.471  >8.020.651

>CAPITAL                    >1.890.918  >1.549.138  >1.320.204  >1.043.883

Called-up capital              202.838     202.838     202.838     202.838

Basic (subscribed) capital     202.838     202.838     202.838     202.838

Non called-up capital                0           0           0           0

(deductive item)                                                          

 Capital reserves               55.566      55.566      55.566      55.566

Reserves from profit            20.284      20.284      20.284      20.284

Surplus from revaluation             0           0           0           0

Retained net                 1.270.449   1.040.364     761.366     623.198

Net business result for        341.781     230.086     280.150     141.997

the business year                                                         

PROVISIONS AND LONG-TERM       193.318     196.624     174.881     165.948

ACCRUED COSTS AND                                                         

DEFERRED REVENUES                                                          

>FINANCIAL AND BUSINESS     >2.554.648  >8.976.407  >7.928.201  >6.809.884

LIABILITIES                                                               

>LONG-TERM LIABILITIES        >199.404  >8.220.722  >7.115.917  >5.768.671

Long-term financial            199.404     265.872     332.340     398.808

liabilities                                                               

Long-term operating                  0   7.954.850   6.783.577   5.369.863

liabilities                                                                

Deferred liabilities for             0           0           0           0

taxes                                                                     

>SHORT-TERM LIABILITIES     >2.355.244    >755.685    >812.284  >1.041.213

Liabilities, included in             0           0           0           0

groups for estrange                                                       

Short-term financial         1.452.106      66.468      66.470      66.468

liabilities                                                               

Short-term operating           903.138     689.217     745.814     974.745

liabilities                                                               

>SHORT-TERM ACCRUED COSTS      >56.043      >4.091        >185        >936

AND DEFERRED REVENUES                                                     

Off-balance sheet items            835      41.635     252.183     124.407

 

A. The enclosed profit and loss account of 2010 is originated from official    

source, it is not authenticated by the auditor. (31.12.2010 - 1 EUR)           

 

B. The enclosed profit and loss account of 2009 is originated from official    

source, it is not authenticated by the auditor. (31.12.2009 - 1 EUR)            

 

C. The enclosed profit and loss account of 2008 is originated from official    

source, it is not authenticated by the auditor. (31.12.2008 - 1 EUR)           

 

D. The enclosed profit and loss account of 2007 is originated from official    

source, it is not authenticated by the auditor. (31.12.2007 - 1 EUR)           

 

 

profit and loss account              A           B           C           D

                            31.12.2010  31.12.2009  31.12.2008  31.12.2007

>CAPITAL                                                                   

>Net sales                 >10.018.596  >7.612.911 >11.198.646 >10.404.754

>Changes in the value of                                                  

inventories of products                                                    

and work-in-process                                                       

>Capitalised own products                                                 

and own services                                                          

>Other operating revenues                                                 

(with subventions,                                                        

grants,...)                                                               

>GROSS OPERATING YIELD                                                     

>Cost of goods, material                                                  

and services                                                              

Purchase value of goods                                                    

and materials sold and                                                    

cost of material and cost                                                 

of material used                                                          

Cost of services                                                          

>Labour cost                                                              

Cost of wages                                                             

Cost of pension insurance                                                  

Cost of other social                                                      

insurance                                                                 

Other labour cost                                                          

>Write-offs                                                               

Depreciation                                                              

Revaluation operating                                                     

expenses for non-tangible                                                 

assets and tangible fixed                                                 

assets                                                                    

Revaluation operating                                                      

expenses for current                                                      

assets                                                                    

Other operating expenses                                                   

 

OPERATING REVENUES                                                        

>OPERATING EXPENSES                                                       

>OPERATING RESULT                                                         

>EBIT                       >2.390.455  >1.666.044  >1.901.508  >1.116.549

Financial income from                0           0           0           0

investments in other                                                      

enterprises                                                                

Financial income from          133.148     137.951     219.171      14.597

loans                                                                     

Financial income from          187.597     151.264     297.183     129.355

operating receivables                                                     

Financial expenses from              0           0           0           0

depreciation and write-                                                   

offs of financial                                                          

investments                                                               

Financial expenses from         30.890     138.733     118.906      37.084

financial liabilities                                                      

Financial expenses from         83.999      55.572     146.980     118.270

operating liabilities                                                     

Financial income               320.745     289.215     516.354     143.952

Financial expenses             114.889     194.305     265.886     155.354

Other revenues                       4           2      16.712      14.322

Other expenses                   1.047         425           4           1

Total revenues              10.720.049   7.619.793  11.759.452  10.726.821

>Total costs                >8.124.781  >5.859.262  >9.590.768  >9.607.353

Total business result        2.595.268   1.760.531   2.168.684   1.119.468

>Tax on profit                >498.807    >348.805    >446.743    >243.910

Deferred taxs                    6.059       4.474       8.488       7.073

>Net business result for    >2.090.402  >1.407.252  >1.713.453    >868.485

the accounting period                                                     

                                                                

 

Ratios                                     2007    2008    2009    2010

                Equity ratio               0,03    0,02    0,02    0,04

                Cleared equity ratio       0,03    0,02    0,02    0,04

                Current liquidity          5,39    8,97   11,64    1,17

                Quick liquidity            3,98     7,4   10,22    0,56

                Working capital         4573883 6474521 8041703  392639

                Gearing                   39,54   46,46   52,88   23,15

                Cleared gearing            2,29    1,97    1,64    8,14

                Profitability             10,44   18,44    23,1   24,21

                Operating profitability     8,1   14,57   18,47    19,5

                Stock days                49,88   39,48   51,41   48,43

                Debtor days               82,32     103     195   30,99

                Supplier days             33,17   23,15   33,01   30,75

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.02

UK Pound

1

Rs.79.01

Euro

1

Rs.66.18

 

 

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.