MIRA INFORM REPORT

 

 

Report Date :

24.08.2013

 

IDENTIFICATION DETAILS

 

Name :

ČKD ELEKTROTECHNIKA, A.S.  

 

 

Registered Office :

Kolbenova 936/5e,   Praha 9- Vysočany    19000

 

 

Country :

Czech Republic

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

12.01.1999

 

 

Com. Reg. No.:

25727206

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacturer of electric motors, generators and  transformers

 

 

No. of Employees :

75

 

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)

Czech Republic

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Czech Republic ECONOMIC OVERVIEW

 

The Czech Republic is a stable and prosperous market economy closely integrated with the EU, especially since the country's EU accession in 2004. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell 4.7% in 2009, with most of the decline occurring during the first quarter. Real GDP, however, slowly recovered with positive quarter-on-quarter growth starting in the second half of 2009 and continuing throughout 2011. In 2012, however, the economy fell into a recession due to a slump in external demand. The auto industry remains the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. Foreign and domestic businesses alike voice concerns about corruption especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy.

 

Source : CIA

 

Company Summary

 

Company Name                                     ČKD Elektrotechnika, a.s. 

Company Registration Number                25727206  

Country                                                 CZ

Activity  Code                                        2711  

Activity Description                                Manufacture  of electric motors, generators and  transformers

Company  Status                                   CompanyStatus.ACT  

Latest Turnover                                                  244,000,000.00  (CZK)

Latest Shareholders  Equity                    115,381,000.00  (CZK)

 

 

Company Identification

 

Activities

 

Activity  Code   2711

Activity Description   Manufacture of electric motors, generators and  transformers

 

Activity  Code   2823

Activity Description   Manufacture of office machinery and equipment (except computers and peripheral  equipment)

 

Activity  Code   4690

Activity Description   Non-specialised wholesale  trade

 

Activity  Code   6200

Activity Description   Computer programming, consultancy and related  activities

 

Activity  Code   7110

Activity Description   Architectural and engineering activities and related technical  consultancy

 

Activity  Code   9511

Activity Description   Repair of computers and peripheral equipment

 

  

Basic Information

 

Company Name                         ČKD Elektrotechnika, a.s. 

Registered Company Name        ČKD ELEKTROTECHNIKA,  a.s.

Company Registration  Number  25727206 

Country                                     CZ

VAT Registration  Number          CZ25727206 

Date of Company  Registration  12/01/1999 

Date of Starting Operations         12/01/1999

Commercial  Court                     Municipal Court of Prague 

Legal Form                                Public Limited Company

Type of Ownership                     Private domicile 

Company Status                        CompanyStatus.ACT

Principal Activity  Code               2711  Principal Activity  Description  Manufacture  of electric motors,  generators

and  transformers

 

Contact Address                        Kolbenova 936/5e,   Praha 9-  Vysočany    19000

Contact Telephone Number         + 420 226 544 200

 

 

Main Address

 

Address   Kolbenova 936/5e,   Praha 9- Vysočany    19000

Country   CZ

Telephone   + 420 226 544 200

 

Other  Addresses

Address   Kolbenova 936/5e,   Praha 9   19000

Country   CZ

 

Address   Kolbenova 936/5e,   Praha 9- Vysočany    19000

Country   CZ

 

Address   Kolbenova 159/5, Praha 9 - Vysočany  1900

Country   CZ

 

Email  Addresses

asistentkagr@ckde.cz 

 

Web  Addresses

www.ckde.cz  

 

 

Current Directors Managers

 

Name    Ing. Michal Divín

Position   Chairman

 

 

Name    Ing. Ivan Malý

Position   Deputy - Chairman

 

 

Name    Ing. Tomáš Strnad

Position   Executive member

 

 

Name    Ing. Jana Faifrová

Position   Chairman of the supervisory  board

 

 

Name    JUDr. Zdeněk Blahut

Position   Member of the Supervisory  Board

 

 

Name    Luděk Livora

Position   Member of the Supervisory  Board

 

Share Capital Structure

 

Issued Share capital   70,000,000.00  (CZK)

Name                            ČKD Asset, a.s.

Address                        Ovocný trh 572/11, Praha 1 - Staré Město 11000

Share Percent               100.00 %

 

Employee  Information

 

Year                             2012

Number of Employees   75

 

Year                             2011

Number of Employees   75

 

Year                             2010

Number of Employees   75

 

 

Financial Statements

 

 

Profit & Loss

Financial Year                      2011                                     2010                                     2009

Number of Weeks                 52                                        52                                         52

Currency                               CZK                                     CZK                                      CZK

Revenue                                242,334,000.00                     230,397,000.00                      198,058,000.00

Operating Costs                    228,179,000.00                     216,453,000.00                      183,408,000.00

Operating Profit                    14,155,000.00                       13,944,000.00                       14,650,000.00

Wages & Salaries                 56,520,000.00                       51,791,000.00                       43,576,000.00

Depreciation                         1,645,000.00                        1,755,000.00                         1,549,000.00

Financial Income                  1,745,000.00                        2,670,000.00                         4,040,000.00

Financial Expenses              2,958,000.00                        3,314,000.00                         5,404,000.00

Retained Profit                      9,444,000.00                        9,861,000.00                         10,477,000.00

 

Balance Sheet

 

Financial Year                      2011                                     2010                                     2009

Number of Weeks                 52                                        52                                         52

Currency                               CZK                                     CZK                                      CZK

Total Tangible Assets           6,273,000.00                        6,697,000.00                         8,747,000.00

Total Intangible Assets         700,000.00                           1,137,000.00                         382,000.00

Investments                           5,351,000.00                        5,070,000.00                         3,824,000.00

Miscellaneous  Fixed Assets                                            2,700,000.00                         0.00      0.00

Total Other Fixed Assets      8,051,000.00                        5,070,000.00                         3,824,000.00

Total Fixed Assets                15,024,000.00                       12,904,000.00                       12,953,000.00

Total Inventories                   59,021,000.00                       58,774,000.00                       53,915,000.00

Trade Receivables                446,000.00                           446,000.00                            446,000.00

Miscellaneous  Receivables 97,267,000.00                       46,463,000.00                       55,106,000.00

Total Receivables                 97,713,000.00                       46,909,000.00                       55,552,000.00

Cash                                      10,719,000.00                       62,697,000.00                       29,390,000.00

Other Current Assets            1,358,000.00                        1,706,000.00                         1,470,000.00

Total Current Assets             168,811,000.00                     170,086,000.00                      140,327,000.00

Total Assets                           183,835,000.00                     182,990,000.00                      153,280,000.00

Trade Payables                     66,824,000.00                       86,478,000.00                       65,832,000.00

Miscellaneous  Liabilities      1,555,000.00                        3,251,000.00                         3,946,000.00

Total Current Liabilities        68,379,000.00                       89,729,000.00                       69,778,000.00

Miscellaneous  

Liabilities due

after 1 year                              75,000.00                                  65,000.00                      173,000.00

 

Total Long Term Liabilities 75,000.00                              65,000.00 173,000.00

Total Liabilities                     68,454,000.00                       89,794,000.00                       69,951,000.00

Called Up Share Capital       70,000,000.00                       57,300,000.00                       57,300,000.00

Revenue Reserves                34,019,000.00                       24,650,000.00                       14,697,000.00

Other Reserves                     11,362,000.00                       11,246,000.00                       11,332,000.00

Total Shareholders  Equity   115,381,000.00                     93,196,000.00                       83,329,000.00

Other Financials

Working Capital                    100,432,000.00                     80,357,000.00                       70,549,000.00

Net Worth                              114,681,000.00                     92,059,000.00                       82,947,000.00

 

Ratios

 

Pre-Tax Profit Margin                                     4.00                  4.40                  5.60

Return on Total Assets Employed                   11.27                14.96                16.15               

Return on Net Assets Employed                       7.07                  7.62                  8.78

SaleslNeWorking Capita!                                 -0.41                 -0.34                 -0.35

Stock Turnover Ratio                                       24.36                25.51                27.22

Current Ratio                                                   2.50                  1.89                  2.00

LiquidlyRaioi.Atid Test                                    1.64                  1.23                  1.23

Current Oebt Ratio                                           O.ee             0.96                  0.84

Equity in Percentage                                       65.90                52.72                55.90

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.69

UK Pound

1

Rs.100.79

Euro

1

Rs.86.30

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.