MIRA INFORM REPORT

 

 

Report Date :

10.05.2012

 

IDENTIFICATION DETAILS

 

Name :

MOTVOZ D.D. GROSUPLJE

 

 

Registered Office :

Taborska cesta 34, 1290 Grosuplje

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1920

 

 

Com. Reg. No.:

10190400

 

 

Legal Form :

Joined Stocked Company

 

 

Line of Business :

Manufacturer of plastic packing goods

 

 

No. of Employees :

07

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow

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)

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 & address  

 

MOTVOZ d.d. Grosuplje

Slovenija

1290 Grosuplje, Taborska cesta

Telephone :34 01 788 81 00

Telefax : 01 788 81 56

 

 

Company summary

 

Legal form Joined stocked Company

Established on 1920 -

19/02/1990 - Joined stocked Company

last entry on 20.9.2010

Registered on 19/02/1990, Ljubljana,

Registration number: 10190400

Tax number: SI78444594

Company number: 5034213

Registered capital                                                       EUR                  1.716.341,18

 

Head shareholders STILPAK d.o.o.

Rimska cesta 13, 1000 Ljubljana                         %                     26,74

 

Dipl. Ing. Anton Lakner

Mekinje, Cankarjeva cesta 14, 1241 Kamnik                     %                     22,89

 

BPT Tržic, d.d. (Statistical number: 5033268)

 

Predilniška cesta 16, 4290 Tržic                          %                     18,87

small shareholders                                                      %                     16,33

Jože Perko

Veliko Mlacevo 78, 1290 Grosuplje                                  %                     7,96

MOTVOZ d.d. Grosuplje (Statistical number: 5034213)

Taborska cesta 34, 1290 Grosuplje                                  %                     7,21

stand per 30.4.2012

 

Board of Directors                    Dipl. Ing. Anton Lakner

Mekinje, Cankarjeva cesta 14, 1241 Kamnik

chairman of the board

stand per 3.5.2012

 

Supervisory Board                               Anton Omejec 

Sticna 53, 1295 Ivancna Gorica

member of the supervisory board

 

Dipl. Ing. Anton Lakner                       

Mekinje, Cankarjeva cesta 14, 1241 Kamnik

chairman of the supervisory board

 

Janez Hocevar

Spodnje Bitnje 10, 4209 Žabnica

ember of the supervisory board

stand per 3.5.2012

 

Other activities

General data company activity:

Manufacture of plastic packing goods

wholesale of various goods, management of subsidiaries,

production of ropes, twines, nets,

production of fabrics for the manufacture of polypropylene-bags

Headquarters and business premises are located on the address above

 

Main activity:

Manufacture of plastic packing goods (NACE 2)

 

Export:

Serbia

Bosnia-Hercegovina

Montenegro

Croatia

Macedonia

 

Import:

India

Turkey

China

 

Residence address:

Taborska cesta 34, 1290 Grosuplje

Phone:

01 788 81 00

Telefax: 01 788 81 56

E-Mail: info@motvoz.si

Web: www.motvoz.si

 

Employees       2008 8 employees

2009 7 employees

2010 7 employees

2011 7 employees

2012 7 employees

group Motvoz :

2012 107 empoloyees

 

Annual turnover           2007 Enterprise turnover EUR 13.783.824,-

2008 Enterprise turnover EUR 5.410.800,-

2009 Enterprise turnover EUR 4.491.490,-

2010 Enterprise turnover EUR 5.131.515,-


group Motvoz

annual turnover 2010 EUR 24.332.320,--

net loss 2010 EUR -1.333.417,--

annual turnover 2009 EUR 19.927.269,--

net loss 2009 EUR - 103.258,--

annual turnover 2008 EUR 22.695.840,--

net loss 2008 EUR - 919.783,--

annual turnoever 2007 EUR 15.192.207,--

net profit 2007 EUR 710.647,--

 

Property                       Company's property: Buildings

per 31.12.2010

SI-1290 Grosuplje, Taborska cesta 34

Book value: 1.373.068,- EUR (Official source)

 

Company's property: Land

per 31.12.2010

SI-1290 Grosuplje, Taborska cesta 34

Book value: 2.969.249,- EUR (Official source)

Company's property: Business premises

SI-1290 Grosuplje, Taborska cesta 34

 

Remarks                      full name of company:

:TEKSTILNA TOVARNA MOTVOZ IN

PLATNO d.d. Grosuplje

participation in capital:

MOTVOZ d.o.o. Zagreb, Croatia (100% share)

MOTVOZ d.o.o. Serbia(1% share)

Motvoz plast d.o.o.(99,64% share)

Ultrapac d.d.(90,73% share)- on 10.11.2011 opening of of compensatory payment proceedings

MOTVOZ CZ S.R.O. Czech Republic (70% share)

MOTVOZ Romania (70% share)

MOTVOZ Poland (70% share)

(stand per 3.5.2012)

 

Interests                       Dipl. Ing. Anton Lakner:

MOTVOZ PLAST d.o.o. (Statistical number: 2303302)       Owner

MOTVOZ PLAST d.o.o. (Statistical number: 2303302)       Manager

ULTRAPAC d.d. (Statistical number: 5033543)                 Board of Directors

 

Jože Perko:

MOTVOZ PLAST d.o.o. (Statistical number: 2303302)                               Owner

MOTVOZ d.d. Grosuplje (Statistical number: 5034213):

MOTVOZ d.d. Grosuplje (Statistical number: 5034213)                              Head

shareholders

MOTVOZ PLAST d.o.o. (Statistical number: 2303302)                               Owner

ULTRAPAC d.d. (Statistical number: 5033543)                                         Head

shareholders

 


Bank relations

 

NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA:

Central address: SI Trg republike 2, 1520 Ljubljana

Account number: SI56 0292 2001 8037 339

 

NOVA KREDITNA BANKA MARIBOR d.d.:

Central address: SI Ulica Vita Kraigherja 4, 2505 Maribor

Account number: SI56 0438 5000 1470 026

 

PROBANKA d.d.:

Central address: SI Trg Leona Štuklja 12, 2000 Maribor

Account number: SI56 2510 0970 8298 120

 

Company development           Constant

Terms of payment                    Slow and beyond terms, repeated reminders

Business connection                Business connection are not denied

 

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 authenticated by the auditor . (31.12.2009 - 1 EUR)

 

C. The enclosed balance of 2008 is originated from official source, it is authenticated by the auditor . (31.12.2008 - 1 EUR)

 

D. The enclosed balance of 2007 is originated from official source, no data available about authentication. (31.12.2007 - 1 EUR)

 

 

balance SHEET     

 

                                                                                   

 

A 31.12.2010

B 31.12.2009   

    C 31.12.2008 

D 31.12.2007

ASSETS (AKTIVA)

10.871.128

12.970.219

12.808.928

13.943.946

LONG-TERM ASSETS

7.261.330

9.643.350

8.971.657

6.226.796

Intangible assets and long-term deferred

133.115

190.964

252.333

288.567

costs and accrued revenues

 

 

 

 

Intangible assets

133.115

190.964

 

 

Long-term deferred costs and accrued

0

0

 

 

revenues

 

 

 

 

Tangible fixed assets

3.852.996

6.333.172

6.317.803

4.585.300

Long-term financial investments and Real

3.271.275

3.113.876

2.395.767

1.312.656

estate investments

 

 

 

 

Investment property

0

0

 

 

Long-term financial investments

3.271.275

3.113.876

 

 

Long-term operating receivables

0

0

0

0

Deferred receivables for taxes

3.944

5.338

5.754

40.273

SHORT-TERM ASSETS

3.609.089

3.326.379

3.829.232

7.716.618

Short-term assets (without Short-term

 

 

3.315.502

7.716.311

deferred costs and accrued revenues)

 

 

 

 

Assets (group for estrange) for sell

0

0

0

0

Inventories

344.069

416.347

505.552

764.420

Short-term financial investments

1.144.270

1.254.120

513.730

307

Short-term operating receivables

2.097.386

1.644.865

2.427.799

6.948.529

Cash assets

23.364

11.047

382.151

3.362

Short-term deferred costs and accrued

709

490

8.039

532

revenues

 

 

 

 

Off-balance sheet items

16.015.660

15.140.262

 

 

LIABILITIES

10.871.128

12.970.219

12.808.928

13.943.946

Long-term sources (PASSIVA)

 

 

10.185.825

9.068.117

CAPITAL

4.608.731

4.607.020

4.695.315

4.470.818

Called-up capital

1.716.341

1.716.341

 

 

Basic (subscribed) capital

1.716.341

1.716.341

1.716.341

1.716.341

Non called-up capital (deductive item)

0

0

 

 

Capital reserves

2.544.216

2.455.920

 

 

Reserves from profit

348.174

434.759

 

 

Surplus from revaluation

0

0

 

 

Retained net

0

0

 

 

Net business result for the business year

0

0

 

 

PROVISIONS AND LONG-TERM

19.719

25.420

 

 

ACCRUED COSTS AND DEFERRED

 

 

 

 

REVENUES

 

 

 

 

 

FINANCIAL AND BUSINESS

LIABILITIES                                                     6.242.678          8.337.779

LONG-TERM LIABILITIES                                 2.893.552          3.959.979                      5.490.510    4.597.299

Provisions and long-term accrued costs

and deferred revenues                                                                                                     26.153     175.101

Long-term liabilities                                                                                                        5.464.357 4.422.198

Long-term financial liabilities                               2.893.552          3.959.979                      5.464.357 4.400.137

Long-term operating liabilities                              0                      0                                  0           22.061

Deferred liabilities for taxes                                 0                      0

Short-term liabilities and accruals                                                                                    2.623.103   4.875.829

SHORT-TERM LIABILITIES                               3.349.126          4.377.800                      2.618.421   4.875.829

Liabilities, included in groups for estrange                        0          0

Short-term financial liabilities                               2.381.335          2.995.796                      1.178.758   1.650.651

Short-term operating liabilities                             967.791             1.382.004                      1.439.663   3.225.178

SHORT-TERM ACCRUED COSTS AND

DEFERRED REVENUES                         0                      0                                  4.682                0

Off-balance sheet items                          16.015.660        15.140.262

 


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 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 authenticated by the auditor . (31.12.2008 - 1 EUR)

 

D. The enclosed profit and loss account of 2007 is originated from official source, no data available about authentication. (31. 12.2007 - 1 EUR)

 

profit and loss account                             A 31.12.2010               B 31.12.2009     C 31.12.2008     D 31.12.2007

TOTAL REVENUES                                                                                           5.410.800          13.783.824

TOTAL EXPENSES                                                                                            5.296.623          13.746.272

TOTAL REVENUES                                                                                           5.410.800          13.783.824

TOTAL EXPENSES                                                                                            5.296.623 13.746.272

CAPITAL

Net sales                                                          4.732.228          4.356.697

Changes in the value of inventories of            -27                    36
products and work-in-process

Capitalised own products and own                 0                      0
services

Other operating revenues (with                       5.701                0
subventions, grants,...)

 

GROSS OPERATING YIELD                              4.737.902          4.356.733

Cost of goods, material and services               3.963.721          3.346.011          3.607.586          10.341.473

Purchase value of goods and materials                3.465.809          2.847.886
sold and cost of material and cost of material used

Cost of services                                                 497.912             498.125            433.102             761.572

Labour cost                                                      365.239             316.119            319.197             1.659.541

thereof wages                                                                                                    245.028             1.200.421

Cost of wages                                                    276.669             253.702

Cost of pension insurance                                   6.965                7.193

Cost of other social insurance                             44.556              40.829

Other labour cost                                               37.049              14.395

Write-offs                                                         487.718             510.081

Depreciation                                                      451.001             459.792            433.167             594.566

Revaluation operating expenses for non-   1.487                20.682

tangible assets and tangible fixed assets

Revaluation operating expenses for                      35.230              29.607

current assets

Other operating expenses                                   26.435              16.943               22.162              34.442

OPERATING REVENUES                                  4.737.929           4.356.697         5.089.310          13.733.958

Financial Revenues from salles of goods,                                                 4.420.414          13.758.056

services and materials

OPERATING EXPENSES                                   4.843.113           4.189.154         4.815.299          13.411.478

OPERATING RESULT                                       -105.184            167.543

EBIT                                                                 -105.211            167.579


Financial income from investments in                   0                   59                                    248.350                         24.627

other enterprises

Financial income from loans                                77.909              107.624

Financial income from operating                          5.318                705
receivables

Financial expenses from depreciation and            0                         0                   162.292                         0

write-offs of financial investments

Financial expenses from financial liabilities           256.262             278.931

Financial expenses from operating                       14.758             14.966
liabilitie

Financial income                                                83.227             108.388              274.362             30.209

Financial expenses                                            271.020 293.897 477.524 318.130

Other revenues                                                  310.386 26.369              47.128              19.657

Other expenses                                                 113                   1.079                3.800                169.664

Total revenues                                                   5.131.515          4.491.490         

Total costs                                                       5.114.246          4.484.130

Total business result                                          17.269              7.360

Tax on profit                                                    12.858              6.515

Deferred tax                                                       0                      0

Net business result for the accounting period  4.411               845

Write-offs of equity and other financial investments                                                315.232 318.130

EARNINGS BEFORE TAXES (EBT)                                                                    114.177 37.552

INCOME TAX                                                                                                     0                      0

NET EARNINGS (E)                                                                                           114.177 37.552

 

 

RATIOS

 

 

2007

2008

2009

2010

Equity ratio

0,12

0,13

0,13

0,16

Cleared equity ratio

0,12

0,13

0,13

0,16

Current liquidity

1,58

1,46

0,76

1,08

Quick liquidity

1,43

1,27

0,66

0,97

Working capital

2840789

1210811

-1051421

259963

Gearing

8,12

7,46

7,56

6,33

Cleared gearing

n/a

n/a

4,05

3,07

Profitability

0,27

2,11

0,16

0,34

Operating profitability

0,27

2,11

0,02

0,09

Stock days

20,24

34,1

33,83

24,47

Debtor days

184

164

134

149

Supplier days

85,4

97,12

112

68,84


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.46

UK Pound

1

Rs.86.27

Euro

1

Rs.69.40

 

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%)

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.