MIRA
INFORM REPORT
|
Report Date : |
30.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL
PAK EOOD |
|
|
|
|
Registered Office : |
Ul.11-Ti
Avgust 3, 1000 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
2007 |
|
|
|
|
Legal Form : |
Sole Proprietor Limited Liability
Company |
|
|
|
|
Line of Business : |
Manufacture of other inorganic
basic chemicals |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
--- |
|
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) |
|
Bulgaria |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
Local name: GLOBAL PAK EOOD
International name: GLOBAL PAK EOOD
Registered address:
UL.11-TI AVGUST 3
1000 SOFIA
Bulgaria
Telephone: +359-887848785
Head office:
bul. Rojen 88
1271 Sofia
Bulgaria
Telephone: +359-2-8381000
Fax: +359-2-8381010
E-Mail: globalpack@abv.bg
Internet: http://www.globalchemco.eu
ESTABLISHMENT & REGISTRATION:
Established: 2007
Registered at Sofia town court
Court number 4417/2007
Bulstat/VAT number: 175256865
LEGAL FORM:
Sole Proprietor Limited Liability Company (EOOD)
REGISTERED CAPITAL:
BGN 5 000.00
SHAREHOLDERS/MANAGEMENT
SHAREHOLDERS:
GLOBAL HEM HOLDING
ID 200818088, Function: Sole proprietor, Nationality: Bulgaria
Share: 100,00%
MANAGEMENT:
ILIYA IVANOV GANEV (Personal ID 6907314080) - Manager
RELATED COMPANIES:
Company ID Company Name
130695669 GLOBAL HEM KO
130582842 GLOBAL HEM
BUSINESS ACTIVITY
BUSINESS OPERATION:
NACE 1.1: 24.13 Manufacture of other inorganic basic
chemicals
NUMBER OF EMPLOYEES:
|
As at date |
Value |
|
Latest
stand |
12 |
EXPORT:
none
IMPORT:
EU
REAL ESTATE:
none
FINANCIAL DATA
TURNOVER:
|
Year |
Currency |
Value |
|
2008 |
BGN |
995
000.00 |
|
2009 |
BGN |
1 245 000.00 |
|
2010 |
BGN |
1 813
000.00 |
MODES OF PAYMENT:
Payments are not always made within agreed terms due
to high level of debt.
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 slower than average
for the branch.
Exchange since for 1998 BGN (denominated lev) = 0.51
EUR
|
Ratio |
2009 |
2010 |
|
Debt ratio |
1.08 |
1.14 |
|
Quick
ratio |
0.22 |
0.40 |
|
Current
ratio |
0.45 |
0.61 |
|
Days
purchase in payables |
127.83 |
100.73 |
|
Operating
margin in % |
0.00 |
0.00 |
|
Cash
ratio (acid ratio) |
0.00 |
0.01 |
|
Return
on sales ROS in % |
0.00 |
0.00 |
|
Return
on assets ROA in % |
0.00 |
0.00 |
|
Return
on equity ROE in % |
0.00 |
0.00 |
|
Days
supply in inventory |
29.43 |
20.46 |
|
Days
sales in receivables |
27.35 |
39.34 |
BALANCE
SHEET
|
BALANCE SHEET in BGN'000 |
2009 |
2010 |
|
Accounting period: |
1.1.2009 - |
1.1.2010 - |
|
A.UNPAID CAPITAL |
|
|
|
B. FIXED ASSETS |
|
|
|
I Fixed Intangible Assets: |
|
|
|
R&D
Products |
|
|
|
Concessions,
patents, trade-marks etc |
|
|
|
Goodwill |
|
|
|
Intangible
fixed assets under construction |
|
|
|
thereof
advances |
|
|
|
Total I: |
|
|
|
II Fixed Tangible Assets |
|
|
|
Land
and Buildings |
|
|
|
thereof
Land |
|
|
|
thereof
Buildings |
|
|
|
Machines,
Vehicles |
970 |
1024 |
|
Equipment |
|
|
|
Tangible
fixed assets under construction |
166 |
|
|
thereof
advances |
|
|
|
Total II |
1136 |
1024 |
|
III. Fixed Financial Assets |
|
|
|
Shares
in group companies |
|
|
|
Loans
granted to group companies |
|
|
|
Shares
in joint ventures |
|
|
|
Long
term investments |
|
|
|
Other
loans |
|
|
|
Bought
back own shares |
|
|
|
Total III |
|
|
|
IV. Deferred Taxes |
|
|
|
B. FIXED ASSETS TOTAL |
1136 |
1024 |
|
C. CURRENT ASSETS |
|
|
|
I. Inventories |
|
|
|
Raw
Materials |
40 |
48 |
|
Work in
progress |
|
|
|
thereof
young animals |
|
|
|
Trading
goods |
59 |
51 |
|
thereof
production |
39 |
39 |
|
thereof
goods for sale |
20 |
12 |
|
Advances |
|
4 |
|
Total I |
99 |
103 |
|
II. Receivables |
|
|
|
Receivables
from customers |
78 |
180 |
|
thereof
more than 1 year |
|
|
|
Receivables
from group companies |
|
|
|
thereof
more than 1 year |
|
|
|
Receivables
from joint ventures |
|
|
|
thereof
more than 1 year |
|
|
|
Other
receivables |
14 |
18 |
|
thereof
more than 1 year |
|
15 |
|
Total II |
92 |
198 |
|
III. Current Financial Assets |
|
|
|
Current
investments in related companies |
|
|
|
Bought
back own shares |
|
|
|
Other
current financial assets |
|
|
|
Total III |
|
|
|
IV. Cash equivalents |
|
|
|
Cash and
accounts in the country |
1 |
7 |
|
thereof
cash in BGN |
1 |
7 |
|
Thereof
cash in foreign currency (BGN equivalent) |
|
|
|
thereof
current accounts |
|
|
|
thereof
blocked accounts |
|
|
|
thereof
cash equivalents |
|
|
|
Cash
and accounts abroad |
|
|
|
thereof
cash in BGN |
|
|
|
Thereof
cash in foreign currency (BGN equivalent) |
|
|
|
thereof
current accounts |
|
|
|
thereof
blocked accounts |
|
|
|
Total IV |
1 |
7 |
|
C. CURRENT ASSETS TOTAL |
192 |
308 |
|
D. Deferred expenses |
|
|
|
TOTAL ASSETS |
1328 |
1332 |
|
A. OWNERS EQUITY |
|
|
|
I. Share capital |
5 |
5 |
|
II. Issue premium |
|
|
|
III. Revaluation reserves |
|
|
|
thereof
revaluation reserves of financial instruments |
|
|
|
IV. Reserves |
|
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|
legal
reserves |
|
|
|
reserve
related to bought back own shares |
|
|
|
reserve
from company foundation |
|
|
|
other
reserves |
|
|
|
Total IV |
|
|
|
V. Result from previous period |
|
|
|
Undistributed
profit |
12 |
12 |
|
Uncovered
loss |
|
-129 |
|
Total V |
12 |
-117 |
|
VI. Current result profit (loss) |
-129 |
-75 |
|
A. OWNERS EQUITY TOTAL |
-112 |
-187 |
|
B. PROVISIONS |
|
|
|
Provisions
for pensions |
|
|
|
Provisions
for taxes |
|
|
|
thereof
deferred taxes |
|
|
|
Other
provisions |
|
|
|
B. PROVISIONS TOTAL |
|
|
|
C. LIABILITIES |
|
|
|
Bond-backed
loans |
|
|
|
less
than 1 year |
|
|
|
more
than 1 year |
|
|
|
Bank
loans |
219 |
170 |
|
less
than 1 year |
48 |
40 |
|
more
than 1 year |
171 |
130 |
|
Advances
received |
|
19 |
|
less
than 1 year |
|
19 |
|
more
than 1 year |
|
|
|
Payables
to suppliers |
348 |
396 |
|
less
than 1 year |
348 |
396 |
|
more
than 1 year |
|
|
|
Liabilities
on policies |
|
|
|
less
than 1 year |
|
|
|
more
than 1 year |
|
|
|
Liabilities
to group companies |
|
|
|
less than
1 year |
|
|
|
more
than 1 year |
|
|
|
Liabilities
to joint-venture companies |
|
|
|
less
than 1 year |
|
|
|
more
than 1 year |
|
|
|
Other
liabiliies |
873 |
934 |
|
less
than 1 year |
34 |
52 |
|
more
than 1 year |
839 |
882 |
|
thereof
to personnel |
11 |
|
|
less
than 1 year |
11 |
|
|
more
than 1 year |
|
|
|
thereof
to social insurance |
17 |
35 |
|
less
than 1 year |
17 |
35 |
|
more
than 1 year |
|
|
|
thereof
for taxes |
6 |
17 |
|
less
than 1 year |
6 |
17 |
|
more
than 1 year |
|
|
|
C. LIABILITIES TOTAL |
1440 |
1519 |
|
less
than 1 year |
430 |
507 |
|
more
than 1 year |
1010 |
1012 |
|
D. FINANCING AND DEFERRED INCOME |
|
|
|
thereof |
|
|
|
Financing |
|
|
|
Deferred
income |
|
|
|
TOTAL EQUITY AND LIABILITIES |
1328 |
1332 |
|
P&L ACCOUNT in BGN'000 |
2009 |
2010 |
|
Accounting period: |
1.1.2009 - |
1.1.2010 - |
|
A. EXPENSES |
|
|
|
I. OPERATION EXPENSES |
|
|
|
Decrease
of inventories |
4 |
|
|
thereof
for materials |
516 |
1465 |
|
thereof
for services |
181 |
131 |
|
Personnel
expenses |
165 |
78 |
|
thereof
wages |
144 |
67 |
|
thereof
social insurance |
21 |
11 |
|
thereof
pensions |
|
|
|
Depreciation |
107 |
114 |
|
thereof
Depreciation of fixed assets |
107 |
114 |
|
Other
expenses |
310 |
36 |
|
thereof
Book value of sold assets (without production) |
287 |
25 |
|
I. OPERATION EXPENSES TOTAL |
1284 |
1824 |
|
II. Financial expenditures |
|
|
|
Depreciation
of financial assets |
|
|
|
thereof
exchange rate losses |
|
|
|
Paid
interest |
90 |
64 |
|
thereof
interest to group companies |
|
|
|
Thereof
expenditures for securities operations |
|
|
|
II. Financial expenditures Total |
90 |
64 |
|
B. Profit on ordinary activity |
|
|
|
III. Extraordinary expenses |
|
|
|
thereof
expenses on disasters and emergency expenses |
|
|
|
C. Total expenses (I+II+III) |
1374 |
1888 |
|
D. Accounting profit |
|
|
|
IV. Taxation on profit |
|
|
|
V. Other taxes |
|
|
|
E. Net profit |
|
|
|
Total expenses |
1374 |
1888 |
|
A. REVENUES |
|
|
|
I . OPERATING REVENUES |
|
|
|
Net sales |
1211 |
1812 |
|
Production |
1006 |
1787 |
|
Goods |
172 |
25 |
|
Services |
32 |
|
|
Increase
of production and work in progress |
|
|
|
Expenses
on acquisition of assets |
|
|
|
Other
revenues |
34 |
1 |
|
thereof
financing |
|
|
|
I. TOTAL OPERATING REVENUES |
1245 |
1813 |
|
II FINANCIAL REVENUES |
|
|
|
Income
from shares |
|
|
|
thereof
income from shares in group companies |
|
|
|
Income
from investments and loans |
|
|
|
thereof
from investments in group companies |
|
|
|
Income
from interest |
|
|
|
thereof
from interest from group companies |
|
|
|
II FINANCIAL REVENUES TOTAL |
|
|
|
TOTAL REVENUES FROM ORDINARY ACTIVITIES |
1245 |
1813 |
|
LOSS |
129 |
75 |
|
Extraordinary
revenues |
|
|
|
AFTER TAX LOSS |
129 |
75 |
|
TOTAL REVENUES |
1374 |
1888 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.58 |
|
|
1 |
Rs.87.14 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.