MIRA INFORM REPORT

 

 

Report Date :

17.08.2013

 

IDENTIFICATION DETAILS

 

Name :

SYNTHOS DWORY 7 SP. Z O.O. S.K.A.

 

 

Registered Office :

Chemików, 1, Ośw ięcim, Młaopolskie 3-2600

 

 

Country :

Poland

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

01.01.2006

 

 

Com. Reg. No.:

400722

 

 

Legal Form :

Not Available

 

 

Line of Business :

Manufacture of synthetic rubber in primary forms

 

 

No. of Employees :

1001

 

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 :

Good

 

 

Payment Behaviour :

Regular

 

 

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)

Poland

B1

B1

 

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 Poland's economy was the only one in the European Union to avoid a recession through the 2008-09 economic downturn. Although EU membership and access to EU structural funds have provided a major boost to the economy since 2004, GDP per capita remains significantly below the EU average while unemployment continues to exceed the EU average. The government of Prime Minister Donald TUSK steered the Polish economy through the economic downturn by skillfully managing public finances without stifling economic growth and adopted controversial pension and tax reforms to further shore up public finances. While the Polish economy has performed well over the past five years, growth slowed in 2012, in part due to the ongoing economic difficulties in the euro zone. The key policy challenge is to provide support to the economy through monetary easing, while maintaining the pace of structural fiscal consolidation. 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, red tape, and a burdensome tax system keep the private sector from realizing its full potential.

Source : CIA

 

company Summary

 

Company Name                                    SYNTHOS DWORY 7 SP. Z O.O. S.K.A.

Company Registration Number            400722

Country                                                PL

Activity Code                                        2017Z

Activity Description                              Manufacture of synthetic rubber in primary forms

Company Status                                   Active

Latest Turnover                                    2,674,907,000.00 (PLN)

Latest Shareholders Equity                  1,185,442,000.00 (PLN)

Profit Before (PLN) Tax                         430,198,000.00

 

Activity Code                                        2017Z

Activity Description                              Manufacture of synthetic rubber in primary forms

Bas

 

Company Information

 

Company Name                                    SYNTHOS DWORY 7 SP. Z O.O. S.K.A.

Registered Company Name                  SYNTHOS DWORY 7 SPÓŁKA Z OGRANICZONĄ

ODPOWIEDZIALNOŚCIĄ SPÓŁKA KOMANDYTOWO-AKCYJNA

Company Registration Number            400722

Country                                                PL

VAT Registration Number                     9591762828

Date of Company Registration             01/01/2006

Date of Starting Operations                  01/01/2006

Company Status                                   Active

Principal Activity Code                         2417

Principal Activity Description               Manufacture of synthetic rubber in primary forms

Contact Address                                   Chemików

1, Ośw ięcim, Młaopolskie 3-2600

Contact Telephone Number                  4833 8441821

 

Address                                               Chemików 1, Ośw ięcim, Młaopolskie 3-2600

Telephone                                            4833 8441821

Email Addresses                                  boleslaw.dec@synthos.group.com

Web Addresses                                    www.synthosgroup.com

 

 

Current Directors Managers

 

Name                                                    Zbigniew Warmuz

Position                                                President

 

 

 

Share Capital Structure

 

Issued Share capital                              982,874,000.00 (PLN)

Name                                                    SYNTHOS DWORY 7 SP. Z O.O.

 

 

Employee Information

 

Year                                                     2009

Number of Employees                           1001

 

 

Bankers

 

Name                                                    Pekao Bank Hipoteczny S.A.

 

financials

 

Financial Year                     2011                                     2010                                     2009

Number of Weeks                52                                        52                                         52

Currency                              PLN                                     PLN                                     PLN

Revenue                              2,678,579,000.00                  1,859,246,000.00                   1,224,787,000.00

Operating Costs                  2,216,267,000.00                  1,634,036,000.00                   1,132,704,000.00

Operating Profit                   462,312,000.00                     225,210,000.00                      92,083,000.00

Depreciation                        0.00                                     0.00                                      0.00

Financial Income                33,041,000.00                       7,433,000.00                         24,196,000.00

Financial Expenses             65,155,000.00                       3,367,000.00                         1,072,000.00

Extraordinary  Income         0.00                                     0.00                                      0.00

Extraordinary  Costs            0.00                                     0.00                                      0.00

Profit Before Tax                 430,198,000.00                     229,276,000.00                      115,207,000.00

Tax                                      84,046,000.00                       44,496,000.00                       21,183,000.00

Profit After Tax                    346,152,000.00                     184,780,000.00                      94,024,000.00

Retained Profit                    346,152,000.00                     184,780,000.00                      94,024,000.00

 

Financial Year                     2011                                     2010                                     2009

Number of Weeks                52                                        52                                         52

Currency                              PLN                                     PLN                                     PLN

Land & Buildings                0.00                                     0.00                                      0.00

Plant & Machinery               0.00                                     0.00                                      0.00

Other Tangible Assets         489,505,000.00                     409,593,000.00                      405,242,000.00

Total Tangible Assets         489,505,000.00                     409,593,000.00                      405,242,000.00

Other Intangible Assets       627,000.00                           831,000.00                            5,989,000.00

Total Intangible Assets       627,000.00                           831,000.00                            5,989,000.00

Miscellaneous  Fixed Assets                                          225,621,000.00                      119,620,000.00 112,009,000.00

Total Other Fixed Assets     225,621,000.00                     119,620,000.00                      112,009,000.00

Total Fixed Assets               715,753,000.00                     530,044,000.00                      523,240,000.00

Other Inventories                 177,042,000.00                     140,668,000.00                      126,269,000.00

Total Inventories                 177,042,000.00                     140,668,000.00                      126,269,000.00

Trade Receivables               509,610,000.00                     362,177,000.00                      230,595,000.00

Total Receivables                509,610,000.00                     362,177,000.00                      230,595,000.00

Cash                                    232,365,000.00                     278,770,000.00                      265,112,000.00

Other Current Assets          0.00                                     0.00                                      0.00

Total Current Assets           919,017,000.00                     781,615,000.00                      621,976,000.00

Total Assets                        1,634,770,000.00                  1,311,659,000.00                   1,145,216,000.00

Trade Payables                    350,006,000.00                     261,139,000.00                      216,513,000.00

Bank Liabilities                   0.00                                     4,704,000.00                         4,732,000.00

Miscellaneous  Liabilities    20,379,000.00                       35,301,000.00                       53,289,000.00

Total Current Liabilities      370,385,000.00                     301,144,000.00                      274,534,000.00

Other Loans/Finance due after

1 year                                       0.00                                   26,149,000.00                       27,333,000.00

Miscellaneous Liabilities due

after 1 year                               78,943,000.00                   53,503,000.00                         3,242,000.00

Total Long Term Liabilities      78,943,000.00                  79,652,000.00              30,575,000.00

Total Liabilities                        449,328,000.00   380,796,000.00                        305,109,000.00

Called Up Share Capital           982,874,000.00   982,874,000.00                        982,874,000.00

Revenue Reserves                    202,568,000.00   -52,011,000.00                         -142,767,000.00

 

Total Shareholders  Equity

1,185,442,000.00

930,863,000.00

840,107,000.00

Other Financials

 

 

 

Working Capital

548,632,000.00

480,471,000.00

347,442,000.00

Net Worth

1,184,815,000.00

930,032,000.00

834,118,000.00

 

Ratios

 

 

 

Pre-Tax Profit Margin

16.08

12.34

9.42

Return on Capital Employed

34.02

22.69

13.23

Return on Total Assets

Employed

26.32

17.48

10.06

Return on Net Assets Employed

36.29

24.63

13.71

Sales/Net Working Capital

4.88

3.87

3.52

Stock Turnover Ratio

6.62

7.57

10.33

Debtor Days

69.54

71.16

68.84

Creditor Days

47.76

51.31

64.64

Current Ratio

2.48

2.60

2.27

Liquidity Ratio/Acid Test

2.00

2.13

1.81

Current Debt Ratio

0.31

0.32

0.33

Gearing

6.66

9.06

4.20

Equity in Percentage

84.16

78.14

81.78

Total Debt Ratio

0.38

0.41

0.36

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.82

UK Pound

1

Rs.96.57

Euro

1

Rs.82.45

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.