|
Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
REWON SA |
|
|
|
|
Registered Office : |
ul. Brukowa 8, 91-341 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
27.11.1995 |
|
|
|
|
Com. Reg. No.: |
29581 KRS |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Engaged in production of socks and children tights Manufacturer of knitted and crocheted articles |
|
|
|
|
No. of Employees : |
150 (2011) |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
|
Identification
details |
Contact
data |
|
||
|
Full name: |
REWON SA |
|
Registered address: |
ul. Brukowa 8 |
|
471183895 |
|
|
91-341 Lodz |
|
|
Tax ID |
PL 7251020127 |
|
Phone: |
42 2723900 |
|
29581 KRS |
|
Fax: |
42 2723927 |
|
|
|
|
|
E-mail: |
|
|
|
|
|
|
|
|
|
|
|
Website: |
|
|
|
|
|
Other locations |
no |
|
Legal form |
Joint Stock Company |
Shareholders |
PHIL WON KOREA Ltd. |
|
Registration date: |
19.07.2001 |
President |
Dariusz Robert |
|
Activity since: |
27.11.1995 |
|
Jarosinski |
|
Age: |
18 years |
Shares in other companies |
Exist |
Basic figures
|
Employment |
150 |
pers. |
(2011) |
Total assets (PLN) |
19,17 |
MLN |
(2012) |
|
Turnover (PLN) |
14,87 |
MLN |
(2012) |
Equity (PLN) |
11,28 |
MLN |
(2012) |
|
Net profit (PLN) |
0,73 |
MLN |
(2012) |
Total liabilities (PLN) |
7,89 |
MLN |
(2012) |
|
Gross margin |
10,03 |
% |
(2012) |
Working capital (PLN) |
1,21 |
MLN |
(2012) |
|
Payment Manner |
In available sources, payment delays have not been noted |
|
|
Credit capability |
Business connections appear permissible |
|
|
Comments on the evaluation |
We would like to draw your attention to: - long period of liabilities repayment |
|
|
Legal form |
Joint Stock Company |
|
|
|
|
|
Stat.no |
471183895 |
||||
|
Tax ID |
PL 7251020127 |
||||
|
Establishment |
27.11.1995 |
|
|
|
|
|
Registration |
19.07.2001, District Court Lodz, XX Department, KRS 29581 Data concerning previous registrations: 01.12.1995, District Court Lodz, RHB 5710 |
||||
|
1 Production of socks and children tights |
|
|
sector code NACE 2007 |
Branches |
|
(C.14.31.Z) |
Manufacture of knitted and crocheted articles |
|
Share capital |
PLN 4 158 000 |
|
|
|
Share capital divided into 4158 shares of PLN 1 000,00 each |
|
|
|
An in-kind contribution has been made and valued at |
PLN 3 597 000 |
|
Shareholders |
Shareholder |
Shares |
Value |
||||
|
|
PHIL WON KOREA Ltd. Seul, 141 Hungin Jung, Korea, Republic of |
50.00% |
PLN 2 079 000 |
||||
|
|
CCD |
Dariusz Robert Jarosinski PERSONAL ID NO. (PESEL) 67012101031 ul. Gotycka 7, 91-520 Lodz |
44.71% |
PLN 1 859 042 |
|||
|
|
Maria Wisniewska-Jarosinska |
5.29% |
PLN 219 958 |
||||
|
|
list entered to NCR /KRS/ on 19.07.2001 |
|
|
||||
|
|
|||||||
|
Management |
|
Dariusz Robert Jarosinski PERSONAL ID NO. (PESEL) 67012101031 ul. Gotycka 7, 91-520 Lodz |
|
- president |
|||
|
|
Seung Pil Kim - vice president 1803 RMI Samsungapt 106 Dong 155 Jun Nong Dong-Dong Dea Moon Ku, Seul, Korea, Republic of |
||||||
|
Representation: |
Each member of the management board individually. In the case of sale agreements and sale of production machines, sale of vehicles and credit agreements, it is required the representation of two members of the board or one member of the board and a proxy jointly. |
||||||
|
|
|||||||
|
Supervisory board |
Sung Ho Yoo Korea, Republic of |
||||||
|
|
Marianna Reikowska PERSONAL ID NO. (PESEL) 40041403161 |
|
|
|
|||
|
|
Danuta Dojnik PERSONAL ID NO. (PESEL) 47110100969 |
||||||
|
|
Won Jae Lee |
||||||
|
|
Norbert Jerzy Jarosinski PERSONAL ID NO. (PESEL) 79071000675 |
||||||
|
|
Joung Hee Song |
||||||
|
Shares in other companies |
|
REKO MARIANNA REJKOWSKA sp. k. ul. Brukowa 8, 91-341 Lodz |
|
Comandite sum: PLN 100 000,00 |
|
|
Data concerning shares in other companies are valid as at: 27.11.2013. |
|||
|
|
||||
|
Connections: |
|
Dariusz Robert Jarosinski |
|
|
|
|
|
ARDI SPOLKA Z O.O NIP 9471072104 ul. Brukowa 8, 91-341 Lodz |
|
shareholder: PLN 2 876 500,00 president |
|
|
|
"ENDOM" sp. z o.o. NIP 9471947488 ul. Brukowa 8, 91-341 Lodz |
|
president |
|
|
|
"SANTA" sp. z o.o. NIP 7251958075 ul. Wigury 19, 90-302 Lodz |
|
member of board of directors |
|
|
|
"CENTRUM MEDYCZNE - SZPITAL SWIETEJ RODZINY" sp. z o.o. |
vice president |
|
|
|
|
NIP 7251958081 ul. Wigury 19, 90-302 Lodz |
|
|
|
|
|
Marianna Rejkowska |
|
|
"ENDOM" sp. z o.o. member of board of directors
NIP 9471947488
ul. Brukowa 8, 91-341 Lodz
REKO MARIANNA REJKOWSKA sp. k. general partner
member of representation unit
ul. Brukowa 8, 91-341 Lodz
CO Joung Hee Song
Won Jae Lee
Maria Wisniewska-Jarosinska
Sung Ho Yoo
Seung Pil Kim
Connections have not been determined
due to no possibility of identification of the
persons or subjects which appear in the company.
Data concerning connections are valid as at: 27.11.2013.
KEY BUSINESS
FIGURES (RECENT YEARS)
|
|
2011 |
y/y |
2010 |
y/y |
2009 |
y/y |
2008 |
|
Employment |
150 |
(-10%) |
166 |
(+12%) |
148 |
(-27%) |
204 |
Selected financial
data - unconsolidated (ths.)
|
|
|
01.01.2012
-31.12.2012 |
y/y |
01.01.2011
-31.12.2011 |
y/y |
01.01.2010
-31.12.2010 |
y/y |
01.01.2009
-31.12.2009 |
|
|
Net sales |
|
14 872 |
(+6%) |
13 983 |
(+i%) |
13 786 |
(+20%) |
11 426 |
|
|
Net profit |
|
728 |
(-5%) |
769 |
(+37%) |
561 |
(-16%) |
669 |
|
|
EBITDA |
|
2 512 |
(+23%) |
2 040 |
(+6%) |
1 918 |
(+13%) |
1 688 |
|
|
EBITDA in % |
|
|
16,89% |
(+15%) |
14,59% |
(+4%) |
13,91% |
(-5%) |
14,77% |
|
Total assets |
|
19 166 |
(+2%) |
18 639 |
(+10%) |
16 873 |
(+9%) |
15 434 |
|
|
Equity |
|
11 276 |
(0%) |
11 317 |
(+7%) |
10 548 |
(+5%) |
9 987 |
|
|
Total liabilities |
|
|
7 890 |
(+7%) |
7 322 |
(+15%) |
6 325 |
(+16%) |
5 447 |
|
Working capital |
|
1 095 |
(+23%) |
890 |
(-17%) |
1 085 |
(+40%) |
772 |
|
|
Locations: |
ul. Brukowa 8 Y 91-341 Lodz (seat) Phone 42 2723900 |
|
|
|
Fax: |
42 2723927 |
|
|
E-mail: |
|
|
|
Website: |
|
Real estate
|
ul. Brukowa 8,
91-341 Lodz (co-ownership) built-up plot
no. 56/10, of area 2 708 sq.m. (Land and Mortgage Register LD1M/ 00141250/1) |
||
|
|
||
|
(ownership) plot no.
56/12, of area 925 sq.m. (Land and Mortgage Register LD1M/00141251/8) |
||
|
|
||
|
Book value of
buildings as at 31.12.2012 |
PLN |
1 332 386 |
|
Book value of
lands as at 31.12.2012 |
PLN |
532 981 |
|
|
|
|
|
Verification
of information on real estate ownership position through the Real Estate
Register is not covered by the standard report. |
||
Certificates ISO 9001 :2008
General
information
The company is
a member of the Cotton Chamber (Izba Bawelny) in Gdynia (Gdynia Cotton
Association).
The company
repeatedly benefited from the financial support of the European Union, among others
it obtained a certificate of quality and increase of the export sales.
The subject has
not decided to cooperate in elaboration of this report yet. Should we receive
further information, we will send it to you immediately.
Banks
VIII O. wLodzi
(12403419)
ul. Brukowa 6,
91-341 Lodz
Acc.no. 88124034191111000035571665
|
Liquidity
|
Company |
|||||||
|
|
01.01.201231.12.2012 |
01.01.201131.12.2011 |
01.01.201031.12.2010 |
01.01.200931.12.2009 |
2012 |
2011 |
2010 |
2009 |
|
|
|
|
|
|
|
|
|
|
|
Current ratio (CR) Current assets/current
liabilities |
1,18 |
1,18 |
1,90 |
1,46 |
1,71 |
1,56 |
1,64 |
1,59 |
|
|
|
|
|
|
|
|
|
|
|
Quick ratio (QR) Current assets –inventories – prepayment / current liabilities |
0,58 |
0,60 |
1,20 |
0,49 |
0,89 |
0,79 |
0,92 |
0,89 |
|
|
|
|
|
|
|
|
|
|
|
Cash Ratio Cash / current liabilities |
0,07 |
0,09 |
0,07 |
0,08 |
0,14 |
0,15 |
0,22 |
0,13 |
|
Profitability
|
Company |
|
|||||||||
|
|
01.01.201231.12.2012 |
01.01.201131.12.2011 |
01.01.201031.12.2010 |
01.01.200931.12.2009 |
2012 |
2011 |
2010 |
2009 |
|||
|
Return on Sale (ROS) Net profit/ turnover |
5,09 ■► |
5,50 * |
3,94 * |
4,83 * |
3,87 |
7,02 |
6,72 |
6,18 |
|||
|
Return on Assets (ROA) Net profit / total assets |
3,80 ■► |
4,13 * |
3,32 * |
4,34 * |
3,76 |
7,46 |
7,25 |
6,75 |
|||
|
Return on Equity (ROE) Net profit / equity |
6,45 ■► |
6,79 * |
5,32 * |
6,70 * |
6,8C |
14,21 |
13,96 |
13,26 |
|||
|
Effectiveness ratios |
Company |
|||||||
|
|
01.01.201231.12.2012 |
01.01.201131.12.2011 |
01.01.201031.12.2010 |
01.01.200931.12.2009 |
2012 |
2011 |
2010 |
2009 |
|
Debt collection
period (days) short-term receivables x number of days /net
sales |
18 * |
57 * |
44 ■► |
50 ■► |
91 |
81 |
81 |
88 |
|
|
|
|
|
|
|
|
|
|
|
Stock turnover (days) stocks x days /turnover |
101 |
94 ■► |
87 * |
115 * |
105 |
96 |
82 |
80 |
|
DEBT RATIOS |
COMPANY |
|||||||
|
|
01.01.201231.12.2012 |
01.01.201131.12.2011 |
01.01.201031.12.2010 |
01.01.200931.12.2009 |
2012 |
2011 |
2010 |
2009 |
|
Average payables
payment period creditors (liabilities) x days /turnover |
173,96 |
168,01 * |
134,44 ■► |
123,04 * |
132,78 |
127,67 |
116,45 |
116,87 |
|
|
|
|
|
|
|
|
|
|
|
Debt ratio total debt (liabilities)/ total assets |
41,17 |
39,28 ■► |
37,49 ■► |
35,29 * |
44,66 |
47,49 |
48,04 |
49,06 |
Ratio comparison Sheet (C 14.31.Z)
|
|
2012 |
2011 |
2010 |
|
LIQUIDITY |
|
|
|
|
Current
ratio (CR) |
WORSE -30% |
WORSE -24% |
BETTER+15% |
|
Quick
ratio (QR) |
WORSE -34% |
WORSE -24% |
BETTER +30% |
|
Cash
Ratio |
WORSE -50% |
WORSE -40% |
WORSE -68% |
|
PROFITABILITY |
|
|
|
|
Return
on sale (ROS) |
BETTER +31% |
WORSE-21% |
WORSE -41% |
|
Return
on assets (ROA) |
BETTER+1% |
WORSE -44% |
WORSE -54% |
|
Return
on equity (ROE) |
WORSE -5% |
WORSE -52% |
WORSE-61% |
|
EFFECTIVNESS
RATIOS |
|
|
|
|
Debt
collection period (days) |
BETTER -79% |
BETTER -29% |
BETTER -45% |
|
Stock
turnover (days) |
BETTER -3% |
BETTER-1% |
WORSE +6% |
|
DEBT
RATIOS |
|
|
|
|
Average
payables payment period |
WORSE+31% |
WORSE+31% |
WORSE+15% |
|
Debt
ratio |
BETTER -7% |
BETTER-17% |
BETTER -21% |
Ratio – Based trend comparison Sheet
(C.14.31.Z)
|
|
2012 |
2011 |
2010 |
|
LIQUIDITY |
|
|
|
|
Current
ratio (CR) |
WORSE -100% |
WORSE -800% |
BETTER+780% |
|
Quick
ratio (QR) |
WORSE -120% |
WORSE -361% |
BETTER +2266% |
|
Cash
Ratio |
WORSE - 100% |
WORSE +128% |
WORSE -111% |
|
PROFITABILITY |
|
|
|
|
Return
on sale (ROS) |
BETTER +86% |
WORSE+420% |
WORSE -264% |
|
Return
on assets (ROA) |
BETTER+91% |
WORSE +285% |
WORSE -304% |
|
Return
on equity (ROE) |
WORSE +95% |
WORSE + 488% |
WORSE-297% |
|
EFFECTIVNESS
RATIOS |
|
|
|
|
Debt
collection period (days) |
BETTER -489% |
BETTER +7729% |
BETTER +2% |
|
Stock
turnover (days) |
BETTER -26% |
BETTER - 48% |
WORSE -1281% |
|
DEBT
RATIOS |
|
|
|
|
Average
payables payment period |
WORSE +16% |
WORSE +199% |
WORSE- 2814% |
|
Debt
ratio |
BETTER +166% |
BETTER + 425% |
BETTER + 315 % |
Sector ratios according to
Central Statistical office (GUs)
The above is based on
simplifying assumption that the following means a "BETTER" result:
|
Higher
ratio value |
Lower
ratio value |
|
LIQUIDITY |
EFFECTIVNESS
RATIOS |
|
-Current
ratio (CR) |
-Debt
collection period (days) |
|
-Quick
ratio (QR) |
-Stock
turnover (days) |
|
-Cash
Ratio |
DEBT
RATIOS |
|
PROFITABILITY |
-Average
payables payment period |
|
-Return on
sale (ROS) |
-Debt
ratio |
|
-Return on
assets (ROA) |
|
|
-Return on
equity (ROE) |
|
|
Source of financial data |
Court |
Monitor PolskiB |
Monitor PolskiB |
Court |
|||||||||||
|
Statement |
annual |
annual |
annual |
annual |
|||||||||||
|
Personal balance sheet as at(ths.PLN) |
31.12.2012 |
share |
31.12.2011 |
share |
31.12.2010 |
share |
31.12.2009 |
share |
|||||||
|
-A. Fixed assets |
11
161 |
(58%) |
11 053 |
(59%) |
6 932 |
(41%) |
8 627 |
(56%) |
|||||||
|
I.
Intangible assets |
192 |
(1%) |
230 |
(1%) |
320 |
(2%) |
217 |
(1%) |
|||||||
|
1. Costs of finished development works |
16 |
(0.1%) |
9 |
11 |
(0.1%) |
|
|||||||||
|
3. Other intangible assets |
177 |
(0.9%) |
221 |
(1%) |
309 |
(2%) |
217 |
(1%) |
|||||||
|
II.
Tangible assets |
3 761 |
(20%) |
3 629 |
(20%) |
4 335 |
(26%) |
4 293 |
(28%) |
|||||||
|
1. Fixed goods |
3 717 |
(19%) |
3 545 |
(19%) |
4 267 |
(25%) |
4 056 |
(26%) |
|||||||
|
a) land |
533 |
533 |
533 |
533 |
|||||||||||
|
b) buildings, premises, facilities |
1 332 |
1 410 |
1 626 |
1 627 |
|||||||||||
|
c) machinery and equipment |
1 722 |
1 443 |
1 966 |
1 757 |
|||||||||||
|
e) other fixed goods |
130 |
159 |
142 |
138 |
|||||||||||
|
2. Fixed goods under construction |
44 |
(0.2%) |
84
(o.5%) |
69 |
(0.4%) |
156 |
(1%) |
||||||||
|
3. Prepayments for fixed goods under
construction |
|
|
|
82 |
(0.5%) |
||||||||||
|
IV.
Long term investments |
7 091 |
(37%) |
7 091 |
(38%) |
2 232 |
(13%) |
4 100 |
(27%) |
|||||||
|
3. Long term financial assets |
7 091 |
(37%) |
7 091 |
(38%) |
2 232 |
(13%) |
4 100 |
(27%) |
|||||||
|
a) in affiliated companies |
7 091 |
7 091 |
|
|
|||||||||||
|
- participations or shares |
7 091 |
7 091 |
|
|
|||||||||||
|
b) Other |
|
|
2 232 |
4 100 |
|||||||||||
|
- granted loans |
|
|
2 232 |
4 100 |
|||||||||||
|
V. Long-term prepayments and accrued
income |
116 |
(0.6%) |
102 |
(0.5%) |
45 |
(0.3%) |
17 |
(0.1%) |
|||||||
|
1. Deferred tax assets |
116 |
(0.6%) |
102 |
(0.5%) |
45 |
(0.3%) |
17 |
(0.1%) |
|||||||
|
-B. Current assets |
8 005 |
(42%) |
7 586 |
(41%) |
9 941 |
(59%) |
6 807 |
(44%) |
|||||||
|
I. Stock |
3 967 |
(21%) |
3 632 |
(20%) |
3 426 |
(20%) |
4 399 |
(29%) |
|||||||
|
1. Raw materials |
604 |
(3%) |
797 |
(4%) |
559 |
(3%) |
747 |
(5%) |
|||||||
|
2. Semi-finished products and work-in-progress |
331 |
(2%) |
339 |
(2%) |
316 |
(2%) |
276 |
(2%) |
|||||||
|
3. Finished products |
2 696 |
(14%) |
2 150 |
(12%) |
2 169 |
(13%) |
2 796 |
(18%) |
|||||||
|
4. Goods for re-sale |
12 |
(0.1%) |
47 |
(0.2%) |
127 |
(0.8%) |
431 |
(3%) |
|||||||
|
5. Advance payments |
324 |
(2%) |
301 |
(2%) |
256 |
(2%) |
149 |
(1%) |
|||||||
|
II. Short-term receivables |
722 |
(4%) |
2 187 |
(12%) |
1 721 |
(10%) |
1 932 |
(13%) |
|||||||
|
2. Other receivables |
722 |
(4%) |
2 187 |
(12%) |
1 721 |
(10%) |
1 932 |
(13%) |
|||||||
|
a) Due to deliveries and services with payment period: |
353 |
1 684 |
1 374 |
1 580 |
|||||||||||
|
- up to 12 months |
353 |
1 684 |
1 374 |
1 580 |
|||||||||||
|
b) Due to taxes, subsidies, insurances, duties, etc |
116 |
189 |
44 |
94 |
|||||||||||
|
c) Other |
253 |
313 |
302 |
258 |
|||||||||||
|
III. Short term investments |
3 225 |
(17%) |
1 645 |
(9%) |
4 591 |
(27%) |
356 |
(2%) |
|||||||
|
1. Short-term financial assets |
3 225 |
(17%) |
1 645 |
(9%) |
4 591 |
(27%) |
356 |
(2%) |
|||||||
|
b) Other |
2 773 |
1 089 |
4 248 |
|
|||||||||||
|
- granted loans |
2 773 |
|
1 089 |
4 248 |
|
||||||||||
|
c) cash and other liquid assets |
452 |
|
556 |
343 |
356 |
||||||||||
|
- cash in hand and on bank account 452 |
556 |
316 |
328 |
||||||||||||
|
- other liquid assets |
|
|
27 |
28 |
|||||||||||
|
IV.
Short-term prepayments and accrued income |
90 |
(0.5%) |
122 |
(0.7%) |
202 |
(i%) |
121 |
(0.8%) |
|||||||
|
-D. Total assets |
19 166 |
(100%) |
18 639 |
(100% |
16 873 |
(100%) |
15 434 |
(100%) |
|||||||
Statement |
annual |
annual |
annual |
annual |
||||
|
Personal
balance sheet as at(ths.PLN) |
31.12.2012 |
share |
31.12.2011 |
share |
31.12.2010 |
share |
31.12.2009 |
share |
|
-A. Shareholders'
equity |
11276 |
(59%) |
11317 |
(61%) |
10 548 |
(63%) |
9 987 |
(65%) |
|
I. Basic share capital |
4 158 |
(22%) |
4 158 |
(22%) |
4 158 |
(25%) |
4 158 |
(27%) |
|
IV. Statutory reserve capital |
6 390 |
(33%) |
6 390 |
(34%) |
5 829 |
(35%) |
5 160 |
(33%) |
|
VIII. Net profit
(loss) |
728 |
(4%) |
769 |
(4%) |
561 |
(3%) |
669 |
(4%) |
|
-B. Liabilities and
reserves for liabilities |
7 890 |
(41%) |
7 322 |
(39%) |
6 325 |
(38%) |
5 447 |
(35%) |
|
I. Reserves for liabilities |
150 |
(0.8%) |
229 |
(1%) |
174 |
(1%) |
188 |
(1%) |
|
1. Deferred income
tax reserves |
150 |
(0.8%) |
229 |
(1%) |
174 |
(1%) |
106 |
(0.7%) |
|
3. Other reserves |
|
|
|
82 |
(0.5%) |
|||
|
- short-term |
|
|
|
82 |
||||
|
II. Long-term liabilities |
499 |
(3%) |
5 |
387 |
(2%) |
|
||
|
2. Other
liabilities |
499 |
(3%) |
5 |
387 |
(2%) |
|
||
|
a) Loans |
499 |
5 |
387 |
|
||||
|
III. Short-term
liabilities |
6 795 |
(36%) |
6 433 |
(35%) |
5 241 |
(31%) |
4 674 |
(30%) |
|
2. Other
liabilities |
6 795 |
(36%) |
6 433 |
(35%) |
5 241 |
(31%) |
4 674 |
(30%) |
|
a) Loans |
3 977 |
3 642 |
2 795 |
2 819 |
||||
|
c) Other financial
liabilities |
136 |
|
|
|
||||
|
d)Due to
deliveries and services with
payment period: |
1 271 |
1 849 |
1 423 |
1 530 |
||||
|
- up to 12 months |
1 271 |
1 849 |
1 423 |
1 530 |
||||
|
e) Advances
received |
76 |
18 |
|
|
||||
|
g) Due to taxes, subsidies,
insurances, duties, etc |
873 |
459 |
605 |
112 |
||||
|
h) Due to salaries |
214 |
210 |
301 |
181 |
||||
|
i) Other |
248 |
255 |
117 |
33 |
||||
|
IV. Accruals and
deferred income |
446 |
(2%) |
656 |
(4%) |
524 |
(3%) |
584 |
(4%) |
|
2. Other accruals |
446 |
(2%) |
656 |
(4%) |
524 |
(3%) |
584 |
(4%) |
|
- long-term |
258 |
411 |
333 |
395 |
||||
|
- short-term |
188 |
245 |
191 |
188 |
||||
|
-D. Total
liabilities |
19 166 |
(100%) |
18 639 |
(100%) |
16 873 |
(100%) |
15 434 |
(100%) |
|
Source
of financial data |
Court |
Monitor
PolskiB |
Monitor
PolskiB |
Court |
|||
|
Statement |
annual |
annual |
annual |
annual |
|||
|
individual
PROFIT AND LOSS ACCOUNT (ths.PLN) |
01.01.201231.12.2012 |
y/y |
01.01.201131.12.2011 |
y/y |
01.01.201031.12.2010 |
y/y |
01.01.2009-31.12.2009 |
|
-A. Income from
sales and similar |
14 872 |
(+6%) |
13 983 |
(+1%) |
13 786 |
(+21%) |
11 426 |
|
I. Net income on sales |
14 286 |
(+3%) |
13
936 |
(0%) |
13 969 |
(+4%) |
13 485 |
|
II. Change in value of stock ( +, -) |
499 |
(-724%) |
-80 |
(-84%) |
-490 |
(-80%) |
-2 494 |
|
III. Sales of
goods for own use |
76 |
(-14%) |
88
(+87%) |
47 |
(-11%) |
53 |
|
|
IV.
Income from sales of goods and materials |
11 |
(-72%) |
39 |
(-85%) |
259 |
(-32%) |
383 |
|
-B. Operational
costs |
13 380 |
(+1%) |
13 225 |
(+2%) |
12 950 |
(+20%) |
10 766 |
|
I. Depreciation |
844 |
(-9%) |
932 |
(-2%) |
952 |
(+9%) |
874 |
|
II. Materials and
energy |
4 490 |
(0%) |
4
502 |
(0%) |
4 488 |
(+40%) |
3 210 |
|
III. Third party
services |
3 258 |
(+13%) |
2
885 |
(+45%) |
1 984 |
(+17%) |
1 689 |
|
IV. Taxes and duties |
37 |
(+28%) |
29 |
(-50%) |
58 |
(+4%) |
56 |
|
V. Salaries and wages |
3 522 |
(-6%) |
3
757 |
(-7%) |
4 022 |
(+12%) |
3 595 |
|
VI. Social security |
696 |
(+3%) |
673 |
(-15%) |
793 |
(+27%) |
626 |
|
VII. Other |
520 |
(+30%) |
401 |
(+17%) |
344 |
(+11%) |
309 |
|
VHI.Costs of goods
and materials sold |
13 |
(-72%) |
46 |
(-85%) |
308 |
(-24%) |
407 |
|
-C. Profit on sale |
1 492 |
(+97%) |
758 |
(-9%) |
836 |
(+27%) |
660 |
|
-D. Other
operating incomes |
339 |
(-37%) |
535 |
(+109%) |
256 |
(-12%) |
291 |
|
I.
Incomes from disposal non-financial assets |
5 |
(-71%) |
17 |
|
10 |
||
|
II. Subsidies |
274 |
(-35%) |
423 |
(+119%) |
193 |
(+5%) |
184 |
|
III. Other
operating incomes |
60 |
(-37%) |
95 |
(+53%) |
62 |
(-36%) |
97 |
|
-E. Other
operating costs |
163 |
(-12%) |
186 |
(+48%) |
126 |
(-8%) |
137 |
|
II. Goodwill revaluation |
|
|
|
0 |
|||
|
III. Other
operating costs |
163 |
(-12%) |
186 |
(+48%) |
126 |
(-8%) |
137 |
|
-F. Profit on
operating activities |
1 668 |
(+51%) |
1 107 |
(+15%) |
966 |
(+19%) |
813 |
|
-G. Financial
incomes |
69 |
(-83%) |
408 |
(+65%) |
248 |
(-30%) |
356 |
|
II. Interest received |
67 |
(-84%) |
408 |
(+106%) |
198 |
(-44%) |
356 |
|
V. Other |
2 |
|
50 |
|
|||
|
-H. Financial
costs |
745 |
(+46%) |
509 |
(+17%) |
436 |
(+35%) |
324 |
|
I. Interest |
577 |
(+42%) |
407 |
(+48%) |
275 |
(+21%) |
227 |
|
IV. Other |
168 |
(+63%) |
103 |
(-36%) |
161 |
(+66%) |
97 |
|
-L Profit on
economic activity |
992 |
(-1%) |
1 006 |
(+29%) |
778 |
(-8%) |
845 |
|
-K Gross profit |
992 |
(-1%) |
1 006 |
(+29%) |
778 |
(-8%) |
845 |
|
-L. Corporation
tax |
264 |
(+11%) |
237 |
(+9%) |
217 |
(+23%) |
176 |
|
-N. Net profit |
728 |
(-5%) |
769 |
(+37%) |
561 |
(-16%) |
669 |
Balance
sheet as at 31.12.2011
Janina Swiecimska Biuro Rachunkowe Bieglego Rewidenta, ul.
Laskowice 139, 93-469 Lodz No.
1128
Balance
sheet as at 31.12.2010
Janina Swiecimska Biuro Rachunkowe Bieglego Rewidenta, ul.
Laskowice 139, 93-469 Lodz No.
1128
Expert auditor mgr Janina Swiecimska No.
4715/4064
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
UK Pound |
1 |
Rs.101.49 |
|
Euro |
1 |
Rs.84.79 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.