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Report Date : |
28.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
DRAGON SPORTS SP. Z O.O. |
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|
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Registered Office : |
Jana III Sobieskiego 56/58, Jelenia Góra, Doślnląoskie 585000 |
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Country : |
Poland |
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Financials (as on) : |
2011 |
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Date of Incorporation : |
01.01.2002 |
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Com. Reg. No.: |
142878 |
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Legal Form : |
Not Available |
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Line of Business : |
Non-specialised wholesale trade |
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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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 Name Dragon Sports Sp. z o.o.
Company Registration 142878
Country PL
Activity Code 4690Z
Activity Description Non-specialised wholesale trade
Company Status Active
Latest Turnover 2,421,000.00 (PLN)
Activity Code 4690Z
Activity Description Non-specialised wholesale trade
Company Name Dragon Sports Sp. z o.o.
Registered Company Name DRAGON SPORTS” SPÓŁKA OGRANICZONĄ DPOWIEDZIALNOŚCIĄ
Company Registration Number 142878
Country PL
VAT Registration Number 6112467605
Date of Company Registration 01/01/2002
Date of Starting Operations 01/01/2002
Company Status Active
Principal Activity Code 5190
Principal Activity Description Other wholesale
Contact Address Jana III Sobieskiego 56/58, Jelenia
Góra, Dolnśoląskie 585000
Contact Telephone
Number 4875 6432319
Address Jana III Sobieskiego 56/58, Jelenia Góra, Doślnląoskie 585000
Telephone 4875 6432319
Email Addresses info@pakpol.pl
Web Addresses www.pakpol.pl
Name Aneta Pasha
Position President
Share Capital Structure
Issued Share capital
50,000.00 (PLN)
Name ANETA PASHA Share Percent 50.00 %
Share Capital Structure
Issued Share capital
50,000.00 (PLN)
Name ANETA PASHA Share Percent 50.00 %
Employee Information
Year 2010
Number of Employees 10
Year 2009
Number of Employees 13
Year 2008
Number of Employees 13
Year 2007
Number of Employees 13
Year 2005
Number of Employees 3
Financial Year 2011 2010 2009
Number of Weeks 52 52 52
Currency PLN PLN PLN
Revenue 2,489,000.00 2,471,000.00 1,816,000.00
Operating Costs 2,294,000.00 2,202,000.00 1,609,000.00
Operating Profit 195,000.00 269,000.00 208,000.00
Depreciation 32,000.00 79,000.00
65,000.00
Financial Income 0.00 0.00 32,000.00
Financial Expenses 112,000.00 66,000.00
24,000.00
Extraordinary Income 0.00 0.00 0.00
Extraordinary Costs 0.00 0.00 0.00
Profit Before Tax 83,000.00 203,000.00 216,000.00
Tax 17,000.00 45,000.00
43,000.00
Profit After Tax 66,000.00 158,000.00 173,000.00
Retained Profit 66,000.00 158,000.00 173,000.00
Balance Sheet
Financial Year 2011 2010 2009
Number of Weeks 52 52 52
Currency PLN PLN PLN
Land & Buildings
11,000.00 11,000.00
11,000.00
Plant & Machinery
0.00 0.00 0.00
Other Tangible Assets 65,000.00 93,000.00
175,000.00
Total Tangible Assets 76,000.00 104,000.00 186,000.00
Other Intangible Assets 0.00 0.00 0.00
Total Intangible Assets 0.00 0.00 0.00
Miscellaneous
Fixed Assets 17,000.00 63,000.00 57,000.00
Total Other Fixed Assets 17,000.00 63,000.00
57,000.00
Total Fixed Assets 93,000.00 166,000.00 243,000.00
Other Inventories 1,208,000.00 1,260,000.00 1,111,000.00
Total Inventories 1,208,000.00 1,260,000.00 1,111,000.00
Trade Receivables 189,000.00 177,000.00 227,000.00
Total Receivables 189,000.00 177,000.00 227,000.00
Cash 13,000.00 31,000.00
25,000.00
Other Current Assets 53,000.00 52,000.00
39,000.00
Total Current Assets 1,464,000.00 1,520,000.00 1,402,000.00
Total Assets 1,557,000.00 1,686,000.00 1,646,000.00
Trade Payables 335,000.00 386,000.00 653,000.00
Bank Liabilities 346,000.00 222,000.00 160,000.00
Miscellaneous Liabilities 107,000.00 380,000.00 187,000.00
Total Current Liabilities 788,000.00 987,000.00 1,000,000.00
Other Loans/Finance
109,000.00 80,000.00 140,000.00
due after 1
year
Miscellaneous Liabilities 13,000.00 37,000.00 82,000.00
due after 1 year
Total Long Term Liabilities 121,000.00 117,000.00 222,000.00
Total Liabilities 909,000.00 1,104,000.00 1,222,000.00
Called Up Share Capital 50,000.00 50,000.00
50,000.00
Revenue Reserves 597,000.00 532,000.00 374,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 65.67 |
|
|
1 |
Rs.102.20 |
|
Euro |
1 |
Rs.87.75 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.