MIRA INFORM REPORT

 

 

Report Date :

12.05.2012

 

IDENTIFICATION DETAILS

 

Name :

piktime systems spolka z.o.o.

 

 

Registered Office :

Cytrynowa 22 61-602 Poznan

 

 

Country :

Poland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

29.06.2007

 

 

Com. Reg. No.:

300614000

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of instruments and appliances for measuring, checking, testing, etc.

 

 

No. of Employees :

5

 

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 :

Unknown

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)

Poland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name and address

 

NAME:                   PIKTIME SYSTEMS SPOtKA Z O.O.

STREET:               CYTRYNOWA 22        

 ZIP CODE:            61-602                                                                            

TOWN:                  POZNAN

 

TELEPHONE: 61/6243637

FAX: 61/6243876

WEBSITE: www.piktime.com

EMAIL: piktime@piktime.com

 

REGON/Statistical No.

300614000

FOUNDED:

2007/06/29

Legal form

LIMITED LIABILITY COMPANY

NACE codes:

33.20 - Manufacture of instruments and appliances for measuring, checking, testing, ...

 

31.62 - Manufacture of other electrical equipment n.e.c.

 

51.18 - Agents specializing in the sale of particular products or ranges of products ...

V.A.T.:

781-18-06-278

 

EMPLOYMENT (for last available 3 years)

 

FROM DATE     TO DATE          TOTAL (MIN-MAX)                    PRODUCTIVE (MINMAX)           UNPRODUCTIVE (MINMAX)

2010/01/01        2010/12/31        3 - 5                              -                                   -

2009/01/01        2009/12/31        3 - 3                              -                                   -

 

 

TURNOVER and NET SALES (for last available 3 years)

 

FROM DATE

TO DATE

TURNOVER

NET SALES

EXPORT

IMPORT

2009/01/01

2009/12/31

758.289,12

741.045,51

 

 

2008/01/01

2008/12/31

681.896,33

 

 

 

2007/08/15

2007/12/31

278.214,56

 

 

 

 

 

TOTAL ASSETS (for last available 3 years)

 

YEAR 1

DATE:   31/12/2009

TOTAL ASSETS                                                                                   768.018,06

 

 

NET PROFIT/LOSS (for last available 3 years)

YEAR 1

DATE:   31/12/2009

Net profit (loss) for the year:                                                    234.543,85


Name and address

 

NAME:

PIKTIME SYSTEMS SPOtKA Z O.O.

SHORT NAME:

PIKTIME SYSTEMS SP.Z 0.0.,POZNAN

STREET:

CYTRYNOWA 22

ZIP CODE:

61-602

FOWN:

POZNAN

TELEPHONE:

61/6243637

FAX:

61/6243876

WEBSITE:

www.piktime.com

EMAIL:

piktime@piktime.com

 

 

Basic data

 

 

REGON/Statistical No.

300614000

V.A.T.:

781-18-06-278

Nationwide Court Register

KRS 0000283678

Legal form

LIMITED LIABILITY COMPANY

Status

ACTIVE

Start of Activity

2007/06/29

Registering agency

COURT OF COMMERCE

Register type

NATIONAL COURT REGISTER

 

Date of registration

29/06/2007

 

 

NACE codes:      

 33.20   Manufacture of instruments and appliances for measuring, checking, testing, ...

31.62   Manufacture of other electrical equipment n.e.c.

51.18   Agents specializing in the sale of particular products or ranges of products ...

 

organisational and legal data

 

 

REGISTER CAPITAL:

 

VALUE:

50.000,00 PLN

NUMBER OF SHARES:

100

SHAREHOLDERS

 

 

SHAREHOLDERS

NAME:

1ERZY

SURNAME:

NAWROCKI

PESEL:

52091702718

CITIZENSHIP:

Poland

COUNTRY:

Poland

VALUE:

25.000,00 PLN

NUMBER OF SHARES:

50

 

NAME:

PAWEt

SECOND NAME:

ALEKSANDER

SURNAME:

NOGAS

PESEL:

74110105397

CITIZENSHIP:

Poland

COUNTRY:

Poland

VALUE:

12.500,00 PLN

NUMBER OF SHARES:

25

 

NAME: ROBERT

SECOND NAME: MACIEJ

SURNAME: URBANIAK

 

PESEL:

74041002532

CITIZENSHIP:

Poland

COUNTRY:

Poland

VALUE:

12.500,00 PLN

NUMBER OF SHARES:

25

OTHER

DIRECTORSHIPS:

SHAREHOLDER: CHINA-POLAND CENTRUM WSPOtPRACY GOSPODARCZEJ SPOtKA Z O.O.

 

VICE-PRESIDENT OF THE BOARD: CHINA-POLAND CENTRUM WSPOLPRACY GOSPODARCZEJ SPOtKA Z O.O.

MANAGERS

 

 

 

TYPE:                           PRESIDENT OF THE BOARD

REPRESENTATION: JOINTLY WITH ANOTHER MEMBER OF THE BOARD

NAME:                         JERZY

SURNAME:                  NAWROCKI

PESEL:                         52091702718

CITIZENSHIP:              Poland

COUNTRY:                  Poland

 

TYPE:

VICE-PRESIDENT OF THE BOARD

REPRESENTATION:

JOINTLY WITH ANOTHER MEMBER OF THE BOARD

NAME:

PAWEt

SECOND NAME:

ALEKSANDER

SURNAME:

NOGAS

PESEL:

74110105397

CITIZENSHIP:

Poland

COUNTRY:

Poland

 

TYPE:

VICE-PRESIDENT OF THE BOARD

REPRESENTATION:

JOINTLY WITH ANOTHER MEMBER OF THE BOARD

NAME:

ROBERT

SECOND NAME:

MACIEJ

SURNAME:

URBANIAK

PESEL:

74041002532

CITIZENSHIP:

Poland

COUNTRY:

Poland

OTHER

DIRECTORSHIPS:

SHAREHOLDER: CHINA-POLAND CENTRUM WSPOLPRACY GOSPODARCZEJ SPOtKA Z O.O.

 

VICE-PRESIDENT OF THE BOARD: CHINA-POLAND CENTRUM WSPOLPRACY GOSPODARCZEJ SPOtKA Z O.O.

 

 

SHARES IN OTHER COMPANIES

 

Officially not

 

 

Employment

 

 

 

 

TOTAL (MIN-MAX)

PRODUCTIVE (MIN-

UNPRODUCTIVE (MIN-

FROM DATE

TO DATE

MAX)

MAX)

3 - 5

-

-

2010/01/01

2010/12/31

3 - 3

-

-

2009/01/01

2009/12/31

 

 

Real estate

 

REAL ESTATE

RENTED

 

KIND OF REALESTATE AREA FROM     AREA TO          VALUE:            CURRENCY       MORTGAGEE REGISTER NO

 

OFFICE ROOMS

 

 


Sales

 

FROM DATE

TO DATE

TURNOVER

NET SALES

EXPORT

IMPORT

2009/01/01

2009/12/31

758.289,12

741.045,51

 

 

2008/01/01

2008/12/31

681.896,33

 

 

 

2007/08/15

2007/12/31

278.214,56

 

 

 

 

 

financial data

 

 

FINANCIAL STATEMENT

 

 

 

YEAR 1

DATE:

31/12/2009

ASSETS

 

A. Total non-current assets

0,00

I.Intangible assets:

0,00

l.Costs of development activities:

0,00

2.Goodwill:

0,00

3.0ther intangible fixed assets:

0,00

4.Prepayments for intangible assets:

0,00

II.Fixed assets:

0,00

l.tangible fixed assets:

0,00

a)land:

0,00

b)buildinqs:

0,00

c)machinery and equipment:

0,00

d)vehicles:

0,00

e)other tangible fixed assets:

0,00

2.1nvestments in progress:

0,00

3.1nvestments in progress paid on accounts:

0,00

III.Long-term receivables:

0,00

I.From related companies:

0,00

2.From other companies:

0,00

IV.Long-term investments:

0,00

I.Real-estate property:

0,00

2.1ntanqible assets:

0,00

3.Long-term financial assets:

0,00

a) in related companies:

0,00

- shares:

0,00

- other commercial papers:

0,00

- provided loans:

0,00

- other long-term financial assets:

0,00

b) in other companies:

0,00

- shares:

0,00

- other commercial papers:

0,00

- provided loans:

0,00

- other long-term financial assets:

0,00

4.Other lonq-term investments:

0,00

V.Lonq-term interperiod settlements:

0,00

l.Assets from deffered income tax:

0,00

2.0thers:

0,00

B. Current assets:

768.018,06

I. Inventory

183.803,39

1.Materials:

146.013,96

2.Semi-products and work in proqress:

0,00

3.Finished qoods:

0,00

4.Products:

0,00

5.Advance payment for delivery:

37.789,43

II.Accounts receivable:

41.888,10

I.From related companies:

0,00

a)trade receivables:

0,00

- within 12 months:

0,00

- more than 12 months:

0,00

b)others:

0,00

2.From other companies:

41.888,10

a)trade receivables:

0,00

- within 12 months:

0,00

- more than 12 months:

0,00

b)tax and social receivables:

18.411,57

c)other receivables:

23.476,53

d)accounts receiv. result, from disputable claims:

0,00

Ill.Short-term investments:

519.836,00

l.Short-term financial assets:

519.836,00

a) in related companies:

0,00

- shares:

0,00

- other commercial papers:

0,00

- provided loans:

0,00

- other short-term financial assets:

0,00

 

b) in other companies:

0,00

- shares:

0,00

- other commercial papers:

0,00

- provided loans:

0,00

- other short-term financial assets:

0,00

c)cash and other cash assets:

519.836,00

- cash in hand and at bank:

519.836,00

- other cash means:

0,00

- other cash assets:

0,00

2.0ther short-term investments:

0,00

IV.Short-term interperiod settlements:

22.490,57

Total assets (A+B):

768.018,06

LIABILITIES

 

A. Net worth:

598.836,69

I.Issued capital:

50.000,00

Il.Outstandinq but unpaid contribution

0,00

III.Entity's own capital (neqative):

0,00

IV.Reserve capital:

314.292,84

V.Revaluation reserve:

0,00

Vl.Other reserve capitals:

0,00

Vll.Profit/loss brutto forward:

0,00

VIII.Net financial result for the year:

234.543,85

IX.Write-offs from net profit:

0,00

B.Liabilities & reserves:

169.181,37

I.Reserve for liabilities:

0,00

l.Reserves for deffered income tax:

0,00

2.Reserves for retirement and similar:

0,00

- lonq-term:

0,00

- short-term:

0,00

3.Other reserves:

0,00

- lonq-term:

0,00

- short-term:

0,00

II.Lonq-term liabilities:

0,00

l.To related companies:

0,00

2.To other companies:

0,00

a)credits and loans:

0,00

b)commercial papers:

0,00

c)other financial liabilities:

0,00

d)other lonq-term liabilities:

0,00

Ill.Short-term liabilities:

169.181,37

l.To related companies:

0,00

a)trade payable:

0,00

- within 12 months:

0,00

- more than 12 months:

0,00

b)other:

0,00

2.To other companies:

169.181,37

a)bank loans:

0,00

b)commercial papers:

0,00

c)other financial liabilities:

0,00

d)trade payables:

9.644,73

- within 12 months:

9.644,73

- more than 12 months:

0,00

e)supplies paid on account:

147.400,37

f)notes payable:

0,00

q)tax & social securities:

1.741,00

h)payroll payable:

0,00

i)other short-term liabilities:

10.395,27

3. Special funds:

0,00

IV. Accrued liabilities:

0,00

1. Neqative qoodwill

0,00

2. Other

0,00

- lonq-term:

0,00

- short-term:

0,00

Total liabilities (A+B):

768.018,06

 

 

Profit and Loss account (comp)

 

 

 

YEAR 1

FROM DATE:

01/01/2009

TO DATE:

31/12/2009

A. Net sales of goods and products:

741.045,51

- includinq to related companies

0,00

I. Net sales of products

741.045,51

II. Chanqe of products

0,00

Ill.Costs of production

0,00

IV.Net sale of qoods and materials

0,00

 

B. Operation expenses:

445.022,98

I. Depreciation:

0,00

II. Costs of materials and energy

274.009,92

III. Outside services

95.131,01

IV.Taxes :

356,50

- including excise taxes:

0,00

V. Salaries

1.649,00

VI. Social taxes & related

0,00

VII. Other

73.876,55

VIII. Goods and materials sold

0,00

C. Profit (loss) on sale (A-B)

296.022,53

D. Other operation incomes

13.500,64

I. Profit from sale of tangible assets

0,00

II. Grants & subsidies

13.500,00

III. Other

0,64

E. Other operating costs

37,97

I. Loss from sale of tangible assets

0,00

II. Revaluation of non-financial assets

0,00

III. Other operatinq costs

37,97

F. Profit (loss) from operating activity (C+D-E)

309.485,20

G. Financial income

3.742,97

I. Dividends

0,00

- from subsidiaries and affiliates

0,00

II. Interest receivable

3.742,97

- from subsidiaries and affiliates

0,00

III. Profits from investment transferred

0,00

IV. Revaluation of investments

0,00

V. Other

0,00

H. Financial costs

11.231,32

I. Interest payable includinq:

31,81

- includinq to related companies

0,00

II. Loss from investments transferred

0,00

III. Revaluation of investments

0,00

IV. Other

11.199,51

I. Profit (loss) from economic activity (F+G-H)

301.996,85

3. Extraordinary items (J.I - J.II)

0,00

I. Extraordinary incomes

0,00

II.Extraordinary losses

0,00

K. Brutto profit (loss) for the year (I+/-J):

301.996,85

L. Corporate income tax

67.453,00

M. Other obligatory charges

0,00

N. Net profit (loss) for the year (K-L-M):

234.543,85

 

9. INDEX ANALYSIS

 

INDEX

31/12/2009

CURRENT RATIO (CR)

Current assets/Current liabilities

4,54

QUICK RATIO (QR)

Current Assets-Inventory/Current liabilities

3,45

CASH RATIO (SQR)

Cash/Current liabilities

3,07

STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY

Inventory/Turnover x 365 days

90,53

CREDITORS DAYS/DAY'S SALES IN RECEIVABLES

Current receivables/Turnover x 365 days

20,63

DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES

Current liabilities/Turnoverx 365 days

83,33

TOTAL INDEBTNESS/DEBT RATIO

Outside capital/Equity capital x 100%

22,03

LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO I

Lonqterm liabilities/Equity capital

0,00

LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO II

Lonqterm liab./Equity cap. + Lonqterm liab. x 100%

0,00

RETURN ON SALES (ROS)

Net profit/Turnover x 100%

31,65

RETURN ON ASSETS (ROA)

Net profit/Total assets x 100%

30,54

RETURN ON EQUITY (ROE)

Net profit/Equity capital x 100%

39,17

LONG TERM LIABILITIES IN OUTSIDE CAPITAL

Lonqterm liabilities/Outside capital x 100%

0,00

WORKING CAPITAL

Current assets-Current liabilities

598.836,69

WORKING CAPITAL RATIO

Current assets-Current liabilities/Turnover x 100%

80,81

 

 

 

 

SECTOR AVERAGE VALUES

(for last available 3 years)

 

NACE:31.62 (Manufacture of other electrical equipment n.e.c.)

 

INDEX ANALYSIS

31/12/2011

31/12/2010

31/12/2009

CURRENT RATIO (CR)

Current assets/Current liabilities

2,25

2,11

2,46

QUICK RATIO (QR)

Current Assets-Inventory/Current liabilities

1,79

1,30

1,66

RETURN ON SALES (ROS)

Net profit/Turnover x 100%

2,22

3,41

1,43

RETURN ON ASSETS (ROA)

Net profit/Total assets x 100%

1,39

5,60

1,43

RETURN ON EQUITY (ROE)

Net profit/Equity capital x 100%

8,15

15,21

-15,27

EMPLOYMENT

 

Employment TOTAL

102.20

102.19

102.03

Employment PRODUCTIVE

116.00

116.00

119.00

Employment UNPRODUCTIVE

43.00

43.00

41.50

TURNOVER / NET SALES

 

TURNOVER

190.729.500,00             127.024.049,31 92.805.937,27

NET SALES

76.481.424,68 29.952.442,28

TOTAL ASSETS

 

TOTAL ASSETS

118.449.183,8l|            119.867.528,7^ 50.912.837,04

 

NACE:33.20 (Manufacture of instruments and appliances for measuring, checking, testing, ...)

 

INDEX ANALYSIS

31/12/2011

31/12/2010

31/12/2009

CURRENT RATIO (CR)

Current assets/Current liabilities

2,80

1,57

2,43

QUICK RATIO (QR)

Current Assets-Inventory/Current liabilities

2,27

1,27

1,89

RETURN ON SALES (ROS)

Net profit/Turnover x 100%

4,63

3,22

2,73

RETURN ON ASSETS (ROA)

Net profit/Total assets x 100%

3,12

9,47

1,56

RETURN ON EQUITY (ROE)

Net profit/Equity capital x 100%

16,88

21,15

-11,62

EMPLOYMENT

 

Employment TOTAL

119.00

119.00

119.03

Employment PRODUCTIVE

88.50

88.50

91.67

Employment UNPRODUCTIVE

207.60

207.60

207.80

TURNOVER / NET SALES

 

TURNOVER

 

21.171.750,90

156.810.896,82

NET SALES

 

28.912.640,77

60.766.274,41

TOTAL ASSETS

 

TOTAL ASSETS

31.083.367,62

147.743.188,02

108.399.401,40

 

 

Historical data

 

Officially not Available

 

 

PAYMENTS

 

Overdue payments There aren't of debt collection action by available resources of

Overdue payments KRD (National Debt Register Economic Information Bureau www.krd.pl )

Overdue payments against this Company at 2012.05.09

 

 

TRADE PARTNERS

 

Officially not available

 

 

RELATED FIRMS

 

COMPANY NAME:

CHINA-POLAND CENTRUM WSPOLPRACY GOSPODARCZEJ SPOtKA Z O.O.

STREET:

WITKOWSKA 6

ZIP CODE:

61-039

TOWN:

POZNAN

TELEPHONE::

61/6535840

FAX:

61/6535841

WEBSITE:

www.china-poland.org

 

EMAIL:

office@china-poland.org

 

 

PROCEDURES

 

Officially not available

 

 

ADDITIONAL INFORMATION

 

ADDITIONAL INFORMATION   

The company did not file its financial statements with the Registry since year 2009.

 

ADDITIONAL INFORMATION   

When directly contacted representative of the company Mr Robert Urbaniak Vice President, refused to give data.

 

 

BANKS

 

Officially not available

 

 

CUSTOMERS / SUPPLIERS

 

Officially not available


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.64

UK Pound

1

Rs.86.42

Euro

1

Rs.69.28

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.