|
Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
KITE AGRICULTURAL SERVICE AND TRADE LIMITED
LIABILITY COMPANY |
|
|
|
|
Registered Office : |
Bem József u. 1,
4181 Nádudvar |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
28.12.1991 |
|
|
|
|
Com. Reg. No.: |
No. 0910000055 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of agricultural machinery, equipment and supplies |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Hungary |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HUNGARY - ECONOMIC OVERVIEW
Hungary has made the transition from a centrally
planned to a market economy, with a per capita income nearly two-thirds that of
the EU-25 average. The private sector accounts for more than 80% of GDP.
Foreign ownership of and investment in Hungarian firms are widespread, with cumulative
foreign direct investment worth more than $70 billion. In late 2008, Hungary's
impending inability to service its short-term debt - brought on by the global
financial crisis - led Budapest to obtain an IMF/EU/World Bank-arranged
financial assistance package worth over $25 billion. The global economic
downturn, declining exports, and low domestic consumption and fixed asset
accumulation, dampened by government austerity measures, resulted in an
economic contraction of 6.8% in 2009. In 2010 the new government implemented a
number of changes including cutting business and personal income taxes, but
imposed "crisis taxes" on financial institutions, energy and telecom
companies, and retailers. The IMF/EU bail-out program lapsed at the end of the
year and was replaced by Post Program Monitoring and Article IV Consultations
on overall economic and fiscal processes. The economy began to recover in 2010
with a big boost from exports, especially to Germany, and achieved growth of
approximately 1.4% in 2011. At the end of 2011 the government turned to the IMF
and the EU to obtain a new loan for foreign currency debt and bond obligations
in 2012 and beyond. Whether negotiations result in a loan depend on Hungary
meeting EU and IMF requirements for ensuring the independence of monetary,
judicial, and data privacy institutions. The EU also launched an Excessive
Deficit Procedure and requested that the government outline measures to
sustainably reduce the budget deficit to under 3% of GDP. Unemployment remained
high, at nearly 11% in 2011. Ongoing economic weakness in Western Europe is
likely to further constrain growth in 2012
|
Source
: CIA |
KITE MEZŐGAZDASÁGI SZOLGÁLTATÓ ÉS KERESKEDELMI ZÁRTKÖRŰEN
MŰKÖDŐ RÉSZVÉNYTÁRSASÁG
International Name: KITE Agricultural Service and Trade Limited Liability
Company
Aliases: KITE Zrt.
Principal Address:
Bem József u. 1
4181 Nádudvar
Hungary
Telephone: +36-54-480401
Fax: +36-54-480502
Email: info@kite.hu
Web: www.kite.hu
Branch production:
Könyves Kálmán krt 38
6000 Kecskemét
Hungary
Branch production:
külterület 051/12
5053 Szászberek
Hungary
Branch production:
külterület 0642/22
4320 Nagykálló
Hungary
Branch production:
Kórház u 2
7200 Dombóvár
Hungary
Branch production:
0196/3. hrsz
3390 Füzesabony
Hungary
Branch production:
Borsóshát puszta 0308/8. hrsz
6353 Dusnok
Hungary
Branch production:
Fekete major 076/81. hrsz
2194 Tura
Hungary
Branch production:
Szegedi út 12317. hrsz
6503 Baja
Hungary
Branch production:
Zlinszky major 0923/521. hrsz
2370 Dabas
Hungary
Branch production:
057/29. hrsz. 29
9631 Hegyfalu
Hungary
Branch production:
016/35 hrsz
3561 Felsőzsolca
Hungary
Branch production:
0140/12 hrsz
7831 Pellérd
Hungary
Branch production:
Külterület 2. 1223/41 hrsz
6728 Szeged
Hungary
Branch production:
Fő u. 1
9072 Nagyszentjános
Hungary
Branch production:
Mikes u. 5
7150 Bonyhád
Hungary
Branch production:
Külterület 097/2
2454 Iváncsa
Hungary
Branch production:
Petőfi u. hrsz: 767
7524 Kiskorpád
Hungary
Branch production:
Külsőmajor 0277/8 hrsz
9121 Győrszemere
Hungary
Branch production:
Külterület 082/1
8772 Zalaszentbalázs
Hungary
Branch production:
Nagykanizsai út 038. hrsz
7041 Kaposvár
Hungary
Branch production:
Homok sor 0793/20
7003 Sárbogárd
Hungary
Branch production:
Kutasi út 69
6800 Hódmezővásárhely
Hungary
Branch production:
Külterület 482/A
5675 Telekgerendás
Hungary
Branch production:
Cs. Wágner József u. 3
5400 Mezőtúr
Hungary
Branch production:
Hunyadi u. 1
5053 Szászberek
Hungary
Branch production:
Újfehértói út 0526/2. hrsz
4320 Nagykálló
Hungary
Branch production:
Szováti útfél 0116/3. hrsz
4130 Derecske
Hungary
Branch production:
Hunyadi u. 2/B
3390 Füzesabony
Hungary
Branch production:
Külterület 50/2/3/8 hrsz
2053 Herceghalom
Hungary
Branch production:
Külterület 0271/4 hrsz
6503 Baja
Hungary
Branch production:
Halasi út 29
6000 Kecskemét
Hungary
Branch production:
Külterület 076/4 hrsz
5675 Telekgerendás
Hungary
Former company names
KITE Mezőgazdasági Szolgáltató és Kereskedelmi Részvénytársaság, valid
since 28.12.1991 valid until 23.05.2006
ICON number: 4260440
National ID: 10668586
International VAT number: HU10668586
VAT number: 10668586-2-44
Registration status: 26.08.1992 - registered company
Activity status: 28.12.1991 - active company
|
Payment
Practices: |
According to our experiences payments are
made regularly. |
|
Further
Rating Information: |
Researched company is categorized as a big
company. |
|
|
|
Established: |
28.12.1991 |
|
Registration: |
No. 0910000055 |
|
Legal
Form: |
26.08.1992 |
|
Capital: |
|
|
Shareholders: |
|
|
|
|
Management: |
|
|
|
|
|
|
Subject
of Operation: |
NACE |
|
Key
Data:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Workforce: |
|
|
Motor
Vehicles: |
|
|
Imports: |
|
|
Exports: |
|
|
Major
Suppliers: |
2011 |
|
|
|
Financials:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Approximate
Exchange Rates: |
2011: 311,13 HUF = 1 EUR |
|
Financial
data source: |
2011: Financials
obtained from an official source |
|
Financial
Comments: |
The balance sheet data were audited but
not consolidated |
|
|
|
Bankers: |
BUDAPEST Hitel-
és Fejlesztési Bank Zártkörűen Működő Részvénytársaság -
Account no. 10102244-49128100-00000306 |
|
Ratios:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ADDITIONAL INFORMATION
|
Additional
information: |
Hungarian NSB keycode:
10668586-4661-114-09 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
|
1 |
Rs.86.96 |
|
Euro |
1 |
Rs.69.42 |
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.