MIRA INFORM REPORT

 

 

Report Date :

06.09.2012

 

IDENTIFICATION DETAILS

 

Name :

POWER TRADE – RAFAL GRUSZKA

 

 

Registered Office :

Harnasie 6/39 20-857 Lublin

 

 

 

 

Country :

Poland

 

 

 

 

Date of Incorporation :

01.06.2010

 

 

 

 

Legal Form :

Proprietorship

 

 

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

 

 

No. of Employees :

5

 

 

 

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

 

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)

Poland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

POLAND - ECONOMIC OVERVIEW

 

Poland has pursued a policy of economic liberalization since 1990 and today stands out as a success story among transition economies. It is the only country in the European Union to avoid a recession through the 2008-09 economic downturn, although GDP per capita is still much below the EU average. Since 2004, EU membership and access to EU structural funds have provided a major boost to the economy. Unemployment has been 2% more than the EU average. Inflation reached a low of about 2.6% in 2010 due to the global economic slowdown, but climbed to 4.3% in 2011. Poland's economic performance could improve over the longer term if the country addresses some of the remaining deficiencies in its road and rail infrastructure and its business environment. An inefficient commercial court system, a rigid labor code, bureaucratic red tape, burdensome tax system, and persistent low-level corruption keep the private sector from performing up to its full potential. Weak revenues, together with rising demands to fund healthcare, education, and the state pension system caused the public sector budget deficit to rise to 7.8% of GDP in 2010, but the PO/PSL coalition government, which came to power in November 2007, took measures to shore up public finances - including increasing contributions to the public pension scheme at the expense of private pension funds - and reduced the deficit to 2.9% of GDP in 2011. For 2012 the coalition government has proposed further deficit-reducing reforms and to fulfill its promise to enact business-friendly reforms.

Source : CIA

Summary

 

NAME AND ADDRESS

 

NAME:              POWER TRADE - RAFAŁ GRUSZKA

 

STREET:           HARNASIE 6/39

 

ZIP CODE:        20-857

 

TOWN:             LUBLIN

 

 

CONTACT DETAILS

 

TELEPHONE:    81/7433691

 

MOBILE:           605611598

 

 

OTHER INFORMATION

 

REGON/Statistical         No. 060621770

V.A.T.:                          712-24-39-232

FOUNDED:                   2010/06/01

Legal form                     PROPRIETORSHIP

 

NACE codes:                51.42 Wholesale of clothing and footwear

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

 

 

EMPLOYMENT

(for last available 3 years)

 

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

2010/01/01    2010/12/31              0 - 5                      -                           -

 

 

Name and address data

 

NAME:

POWER TRADE - RAFAL GRUSZKA

SHORT NAME:

POWER TRADE, GRUSZKA, LUBLIN

STREET:

HARNASIE 6/39

ZIP CODE:

20-857

TOWN:

LUBLIN

TELEPHONE:

81/7433691

MOBILE:

605611598

 

 

Basic data

 

REGON/Statistical No.

060621770

V.A.T.:

712-24-39-232

Legal form

PROPRIETORSHIP

Status

ACTIVE

 

Start of Activity

2010/06/01

Registering agency

MINISTRY OF ECONOMY

Register type

DIRECTORY OF BUSINESS ACTIVITY

Date of registration

01/06/2010

Date of the statute

/ /

NACE codes:        51.42   Wholesale of clothing and footwear

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

 

 

Organization and legal data

 

SHAREHOLDERS 

 

NAME:

RAFAL

SURNAME:

GRUSZKA

CITIZENSHIP:

Poland

COUNTRY:

Poland

STREET:

HARNASIA 6/39

ZIP CODE:

20-857

TOWN:

LUBLIN

 

 

MANAGERS

 

 

TYPE:

PROPRIETOR

REPRESENTATION:     SOLE SIGNATURE

NAME:

RAFAL

SURNAME:

GRUSZKA

CITIZENSHIP:

Poland

COUNTRY:

Poland

STREET:

HARNASIA 6/39

ZIP CODE:

20-857

TOWN:

LUBLIN

 

 

Shares in other companies

 

Officially not available

 

 

EMPLOYMENT

 

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

   0 - 5                           -                                   -                                               2010/01/01        2010/12/31

 

 

REAL ESTATE

 

Officially not available

 

SALES

 

Officially not available

 

FINANCIAL DATA

 

Officially not available

 

INDEX ANALYSIS

 

Officially not available

10.

SECTOR AVERAGE

SECTOR AVERAGE VALUES

(for last available 3 years)

 

NACE:51.18 (Agents specializing in the sale of particular products or ranges of products ...)

 

INDEX ANALYSIS

31/12/2011

31/12/2010

31/12/2009

CURRENT RATIO (CR)

Current assets/Current liabilities

1,81

2,74

2,93

QUICK RATIO (QR)

Current Assets-Inventory/Current liabilities

0,96

1,79

1,93

RETURN ON SALES (ROS)

Net profit/Turnover x 100%

1,70

3,02

3,42

RETURN ON ASSETS (ROA)

Net profit/Total assets x 100%

2,67

6,39

7,32

RETURN ON EQUITY (ROE)

Net profit/Equity capital x 100%

9,04

-5,64

-64,05

EMPLOYMENT

 

Employment TOTAL

26.90                 26.90                           27.02

Employment PRODUCTIVE

25.10                 21.36                           22.67

Employment UNPRODUCTIVE

45.76                 44.09                           46.59

TURNOVER/NET SALES

 

TURNOVER

38.736.543,80  110.555.024,36           03.239.614,80

NET SALES

160.411.673,74    73.492.344,91           94.879.977,84

TOTAL ASSETS

 

TOTAL ASSETS

134.729.965,44    50.918.105,32           65.796.039,19

 

NACE:51.42 (Wholesale of clothing and footwear)

 

INDEX ANALYSIS

31/12/2011

31/12/2010

31/12/2009

CURRENT RATIO (CR)

Current assets/Current liabilities

1,50

3,44

4,47

QUICK RATIO (QR)

Current Assets-Inventory/Current liabilities

0,59

1,94

2,57

RETURN ON SALES (ROS)

Net profit/Turnover x 100%

1,13

5,53

1,73

RETURN ON ASSETS (ROA)

Net profit/Total assets x 100%

1,62

-19,33

0,19

RETURN ON EQUITY (ROE)

Net profit/Equity capital x 100%

3,93

1.196,54

16,52

EMPLOYMENT

1

Employment TOTAL

                    15.42                    15.41

15.44

Employment PRODUCTIVE

                  25.00                    25.00

25.00

Employment UNPRODUCTIVE

27.00                     27.00

27.00

TURNOVER/NET SALES

1

TURNOVER

45.416.310,73     139.707.384,31

142.767.217,79

NET SALES

10.650.000,00       81.750.711,73

69.696.575,91

TOTAL ASSETS

 

TOTAL ASSETS

30.328.116,64    140.856.636,36        106.435.070,23

HISTORICAL DATA  

                        

Officially not available    

 

                        

Payments

 

Overdue payments      There aren't negative on the company payment behavior by available

Overdue payments      sources of KRD (National Debt Register Economic Information Bureau)

Overdue payments      at 2012.08.31

 

 

TRADE PARTNERS  

                        

Officially not available    

 

                        

RELATED FIRMS

                        

Officially not available    

 

                        

PROCEDURES    

 

Officially not available

 

 

ADDITIONAL INFORMATION

 

Officially not available

 

BANKS

 

NAME:                          Bank Polska Kasa Opieki S.A.

STREET:                       ul.Królewska 1

ZIP CODE:                    20-109

TOWN:                         Lublin

ACCOUNTNUMBER:      39124015031787001045577986

CUSTOMERS / SUPPLIERS

 

Officially not available

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.89

UK Pound

1

Rs.88.63

Euro

1

Rs.70.02

 

 

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.