|
Report Date : |
16.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALBIN PROMOTION
D.O.O. |
|
|
|
|
Registered Office : |
Breg 8, 2322
Majšperk |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.06.1990 |
|
|
|
|
Legal Form : |
d.o.o. - Limited
liability company (Ltd.) |
|
|
|
|
Line of Business : |
Manufacture of
other fabricated metal products |
|
|
|
|
No. of Employees : |
98 |
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 but correct |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Slovenia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SLOVENIA - ECONOMIC OVERVIEW
Slovenia became the first 2004 European Union entrant to
adopt the euro (on 1 January 2007) and has experienced one of the most stable
political and economic transitions in Central and Southeastern Europe. With the
highest per capita GDP in Central Europe, Slovenia has excellent
infrastructure, a well-educated work force, and a strategic location between
the Balkans and Western Europe. Privatization has lagged since 2002, and the
economy has one of the highest levels of state control in the EU. Structural reforms
to improve the business environment have allowed for somewhat greater foreign
participation in Slovenia's economy and helped to lower unemployment. In March
2004, Slovenia became the first transition country to graduate from borrower
status to donor partner at the World Bank. In 2007, Slovenia was invited to
begin the process for joining the OECD; it became a member in 2012. Despite its
economic success, foreign direct investment (FDI) in Slovenia has lagged behind
the region average, and taxes remain relatively high. Furthermore, the labor
market is often seen as inflexible, and legacy industries are losing sales to
more competitive firms in China, India, and elsewhere. In 2009, the global
recession caused the economy to contract - through falling exports and
industrial production - by 8%, and unemployment to rise. Although growth
resumed in 2010, it dipped into negative territory in 2012 and the unemployment
rate continued to rise, approaching 12% in 2012.
Source
: CIA
ALBIN PROMOTION
d.o.o.
Breg 8,
2322 Majšperk
Phone: 02 761 97 00
Telefax: 02 761 97 29
E-Mail: info@ap-pro.si
Web: www.albin-promotion.si
Legal form d.o.o. - Limited liability company
(Ltd.)
Established on 01/06/1990 - d.o.o. - Limited
liability company (Ltd.)
last entry on
11.03.2011
in the year 2003 the company was in
compensatory payment
proceedings
on 18.06.2003 compensatory payment proceedings
were
terminated.
Registered on 01/06/1990, Ptuj, Registration number:
10205400
Tax number: SI90854632
Company number: 5362571
Registered EUR 96.038,00
capital
Owner Albin Brencl EUR
96.038,00
Lovrenc na
Dravskem polju 116,
2324 Lovrenc na
Dravskem polju
Manager Albin Brencl
Lovrenc na Dravskem polju 116, 2324
Lovrenc na Dravskem polju
confidential clerk
authorized to sign alone
Milan Vinkler
Ulica 25.maja 7, 2250 Ptuj
director
authorized to sign alone
General data company
activity:
manufacture of other fabricated metal products
n.e.c.
headquarters and business premises are
located on the address above
business unit is located in Kidričevo,
Tovarniška cesta 10
Main activity:
Manufacture of other fabricated
metal products n.e.c. (NACE 2)
Export: Austria
Germany
Croatia
Import:
Germany
Austria
Great-Britain
Residence address:
Breg 8, 2322
Majšperk
Phone: 02 761 97
00
Telefax: 02 761 97
29
E-Mail:
info@ap-pro.si
Web:
www.albin-promotion.si
Other
activities
Employees
2008 87 employees
2009 72 employees
2010
86 employees
2011 99 employees
2012 104 employees
2013 98 employees
Annual turnover 2007 Enterprise turnover EUR 3.578.582,-
2008 Enterprise turnover EUR 3.886.714,-
2009 Enterprise turnover EUR 3.270.618,-
2010 Enterprise turnover EUR 5.059.419,-
2011
Enterprise turnover EUR
5.063.198,-
2012 Enterprise turnover EUR 4.251.587,-
Property
Company's property: Commercial building
Lovrenc na
Dravskem polju
Company's
property: Business
premises
2322 Majšperk,
Breg 8
Remarks
company name:
ALBIN PROMOTION
proizvodnja, trgovina, storitve d.o.o.
linked company is
AP-PRO d.o.o. (company no.1199170)
company
development needs to be supervised - vast liabilities and account blocks in
2013
NKBM: account
block from 8.5.2013-6.6.2013
Probanka: account
block from 8.5.2013-24.5.2013
Hypo: account
block from 8.5.2013-6.6.2013
Interests ALBIN PROMOTION
d.o.o. (Statistical number: 5362571):
AGIS ZAVORE d.d.
Ptuj (Statistical Head shareholders 12,61%
number:
5037603)
Bank relations NOVA KREDITNA
BANKA MARIBOR d.d.:
Central address: SI Ulica Vita
Kraigherja 4, 2505 Maribor
Account number:
SI56 0420 2000 0220 903
DEŽELNA BANKA
SLOVENIJE d.d.:
Central address:
SI Kolodvorska 9, 1000 Ljubljana
Account number:
SI56 1910 0001 0135 390
PROBANKA
d.d.:
Central address:
SI Trg Leona Štuklja 12, 2000 Maribor
Account number:
SI56 2510 0970 3099 114
HYPO
ALPE-ADRIA-BANK d.d.:
Central address:
SI Dunajska cesta 117, 1000 Ljubljana
Account number:
SI56 3300 0000 0600 421
Terms of Partly within
agrees credit terms, partly
payment within delays
Business Business
connection appear premissable
connection
A. The enclosed balance of 2012 is originated from official source, it
is not
authenticated by the auditor. (31.12.2012 - 1 EUR)
B. The enclosed balance of 2011 is originated from official source, it
is not
authenticated by the auditor. (31.12.2011 - 1 EUR)
C. The enclosed balance of 2010 is originated from official source, it
is not
authenticated by the auditor. (31.12.2010 - 1 EUR)
D. The enclosed balance of 2009 is originated from official source, it
is
authenticated by the auditor . (31.12.2009 - 1 EUR)
balance A B C D
31.12.2012 31.12.2011
31.12.2010 31.12.2009
ASSETS
(AKTIVA) 5.473.672 5.538.230
4.713.770 10.445.072
LONG-TERM
ASSETS 3.727.419 3.775.091
2.513.798 8.637.719
Intangible
assets and 33.955 32.246 40.331 40.123
long-term
deferred costs
and
accrued revenues
Intangible
assets 33.955 32.246 40.331 40.123
Long-term
deferred costs 0 0 0 0
and
accrued revenues
Tangible
fixed assets 3.693.464 3.742.845
2.473.467 8.560.743
Long-term
financial 0 0 0 0
investments
and Real
estate
investments
Investment
property 0 0 0 0
Long-term
financial 0 0 0
0
investments
Long-term
operating 0 0 0 0
receivables
Deferred
receivables for 0 0 0 36.853
taxes
>SHORT-TERM
ASSETS >1.736.479 >1.763.139
>2.199.972 >1.807.353
Assets
(group for 0 0 0 0
estrange)
for sell
Inventories 704.292 684.412
578.808 520.639
Short-term
financial 230.208 240.776
382.958 294.164
investments
Short-term
operating 626.178 739.290
1.207.933 970.670
receivables
Cash
assets 175.801 98.661 30.273 21.880
>Short-term
deferred >9.774 >0 >0 >0
costs
and accrued revenues
Off-balance
sheet items 0 0
3.137.647 2.365.093
>LIABILITIES >5.473.672 >5.538.230
>4.713.770 >10.445.072
>CAPITAL >979.936 >962.650 >801.908
>6.595.037
Called-up
capital 96.038 96.038 96.038 96.038
Basic
(subscribed) capital 96.038 96.038 96.038 96.038
Non
called-up capital 0 0 0 0
(deductive
item)
Capital reserves 9.603 9.603 9.603 9.603
Reserves
from profit 6.723 6.723 6.723 6.723
Surplus
from revaluation 0 0 0
5.928.149
Retained
net 850.286 689.544
554.524 361.709
Net
business result for 17.286 160.742
135.020 192.815
the
business year
>PROVISIONS
AND LONG-TERM >0 >0 >0 >0
ACCRUED
COSTS AND
DEFERRED
REVENUES
>FINANCIAL
AND BUSINESS >4.493.736 >4.575.580
>3.911.862 >3.850.035
LIABILITIES
LONG-TERM
LIABILITIES 2.435.202 2.898.985
614.701 770.864
Long-term
financial 2.435.202 2.898.985
614.701 288.400
liabilities
Long-term
operating 0 0 0
482.464
liabilities
Deferred
liabilities for 0 0 0 0
taxes
>SHORT-TERM
LIABILITIES >2.058.534 >1.676.595
>3.297.161 >3.079.171
Liabilities,
included in 0 0 0 0
groups
for estrange
Short-term
financial 1.015.287 943.604
2.362.997 2.287.509
liabilities
Short-term
operating 1.043.247 732.991
934.164 791.662
liabilities
SHORT-TERM
ACCRUED COSTS 0 0 0 0
AND
DEFERRED REVENUES
Off-balance
sheet items 0 0
3.137.647 2.365.093
A. The enclosed profit and loss account of 2012 is originated from
official
source, it is not authenticated by the auditor. (31.12.2012 - 1
EUR)
B. The enclosed profit and loss account of 2011 is originated from
official
source, it is not authenticated by the auditor. (31.12.2011 - 1
EUR)
C. 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)
D. The enclosed profit and loss account of 2009 is originated from
official
source, it is authenticated by the auditor . (31.12.2009 - 1 EUR)
profit
and loss account A B C
D
31.12.2012 31.12.2011
31.12.2010 31.12.2009
>Net
sales >4.090.273 >4.906.511
>4.493.629 >3.231.558
>Changes
in the value of >11.821 >9.111 >2.430 >-12.697
inventories
of products
and
work-in-process
>Capitalised
own products >20.998 >23.043 >594 >14.006
and
own services
>Other
operating revenues >112.326 >119.280 >549.361 >0
(with
subventions,
grants,...)
>GROSS
OPERATING YIELD >4.235.418 >5.057.945
>5.046.014 >3.232.867
>Cost
of goods, material >2.201.021 >2.713.103
>2.982.911 >1.517.929
and
services
Purchase
value of goods 972.652
1.073.807 1.608.715 687.226
and
materials sold and
cost
of material and cost
of
material used
Cost
of services 1.228.369 1.639.296
1.374.196 830.703
>Labour
cost >1.408.742 >1.361.449
>1.083.765 >867.171
Cost
of wages 1.036.396 1.047.787
827.842 667.648
Cost
of pension insurance 88.094 89.062 73.264 59.087
Cost
of other social 78.766 67.587 49.663 40.101
insurance
Other
labour cost 205.486 157.013
132.996 100.335
>Write-offs >382.368 >567.178 >552.048 >399.291
Depreciation 334.921 341.979
336.495 399.291
Revaluation
operating 0 0 4.476 0
expenses
for non-tangible
assets
and tangible fixed
assets
Revaluation
operating 47.447 225.199
211.077 0
expenses
for current
assets
Other
operating expenses 56.307 62.801
62.356 63.986
OPERATING
REVENUES 4.223.597 5.048.834
5.043.584 3.245.564
>OPERATING
EXPENSES >4.048.438 >4.704.531
>4.681.080 >2.848.377
>OPERATING
RESULT >175.159 >344.303 >362.504 >397.187
>EBIT >186.980 >353.414 >364.934 >384.490
Financial
income from 0 0 0 30.747
investments
in other
enterprises
Financial
income from 0 0 0 0
loans
Financial
income from 15.527 4.552 5.851 5.939
operating
receivables
Financial
expenses from 0 0 0 0
depreciation
and write-
offs
of financial
investments
Financial
expenses from 168.290 182.472
147.320 170.822
financial
liabilities
Financial
expenses from 17.232 4.190 50.922 33.163
operating
liabilities
Financial
income 15.527 4.552 5.851 36.686
Financial
expenses 185.522 186.662
198.242 203.985
Other
revenues 642 701 7.554 1.065
Other
expenses 341 11.263 8.224 6.495
Total
revenues 4.251.587 5.063.198
5.059.419 3.270.618
>Total
costs >4.234.301 >4.902.456
>4.887.546 >3.058.857
Total
business result 17.286 160.742
171.873 211.761
>Tax
on profit >0 >0 >0 >0
Deferred
taxs 0 0 36.853 18.946
Net
business result for 17.286 160.742
135.020 192.815
the
accounting period
Ratios 2009 2010
2011 2012
Equity ratio 0,01 0,02
0,02 0,02
Cleared equity ratio -1,29
0,02 0,02 0,02
Current liquidity 0,59 0,67
1,05 0,84
Quick liquidity 0,42 0,49
0,64 0,5
Working capital -1271818 -1097189 86544 -322055
Gearing 109 49,08
57,67 56,99
Cleared gearing -0,44 31,01
40,01 35,93
Profitability 6,47 3,4
3,17 0,41
Operating profitability 5,9
2,67 3,17 0,41
Stock days 58,1 41,76
49,34 60,46
Debtor days 108 87,14
53,29 53,76
Supplier days 88,35 67,39
52,84 89,56
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.51 |
|
|
1 |
Rs.94.98 |
|
Euro |
1 |
Rs.81.62 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.