|
Report Date : |
31.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRIMAT D.D. |
|
|
|
|
Registered Office : |
Industrijska
ulica 22 2000 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1949 |
|
|
|
|
Com. Reg. No.: |
10047400 |
|
|
|
|
Legal Form : |
Joined
stocked Company |
|
|
|
|
Line of Business : |
Manufacture
of other fabricated metal products |
|
|
|
|
No. of Employees : |
155 |
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 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
|
PRIMAT
d.d. |
|
Phone |
02 250
76 00 |
|
Industrijska
ulica 22 |
|
Telefax |
02 251
26 49 |
|
2000
Maribor |
|
E-Mail |
|
|
Slovenia |
|
Web |
|
|
|
|||
|
Crefo
Nr. |
9270001354 |
Registration: |
Maribor |
|
Statistical
Nr. |
5041473 |
Registration
Nr. |
10047400 |
|
Tax Nr. |
SI69128103 |
Status |
Active |
|
Business
connection |
J Business connection are premissible |
|
|
Terms of
payment |
No
complaints, but occasional delays |
|
Legal form
Joined
stocked Company
Founded
01/01/1949
as
01/01/1997
as Joined stocked Company
Registration
01/01/1997,
Maribor, 10047400 Statistical Nr.: 5041473 Tax Nr.: SI69128103
|
Crefo
Nr. |
Name /
Address / Status |
From |
Share |
|
Head
shareholders |
|||
|
9270011022 |
PRIMAT-SISTEMI
d.o.o. Statistical
Nr.: 1323741 Pri opekarni
46, 2000 Maribor Slovenia Phone
Nr.: 062 306656 Fax: 062
306621 |
|
93,78 % |
|
|
small
shareholders |
|
6,22 % |
|
Currency |
Value |
|
EUR |
401.590 |
|
Crefo
Nr. |
Name /
Address / Status |
Since Power of attorney |
|
Board of
Directors |
||
|
9270134724 |
confidential
clerk Erih
Stefanec Razlagova
ulica 9, 2000 Maribor Slovenia |
|
|
9270016506 |
chairman
of the board univ.dipl.oec.
Slavka Marinic(birth date 13/01/1956) Bantanova
ulica 14, 2000 Maribor Slovenia |
|
|
Supervisory
Board |
||
|
9270021427 |
member
of the supervisory board Anita
Okretic Stantetova
ulica 32, 2000 Maribor Slovenia |
|
|
9270158248 |
member
of the supervisory board Branko
Gornik Portceva
ulica 8, 2000 Maribor Slovenia |
|
9270134729 |
member
of the supervisory board Darinka
Kuzmic Vrablova
ulica 82, 2000 Maribor Slovenia |
|
9270134727 |
member
of the supervisory board MatjaZ
Andric Bresterniska
ulica 121, 2354 Bresternica Slovenia |
|
9270011361 |
member
of the supervisory board Olgica
Ernecl Pohorska
ulica 19c, 2000 Maribor Slovenia |
|
9270134725 |
chairman
of the supervisory board Simon
Hvalec Kosarjeva
ulica 39, 2000 Maribor Slovenia |
|
Valid
from |
Residence
address |
|
|
|
Industrijska
ulica 22, 2000 Maribor, Slovenia Phone:
02 250 76 00 Telefax: 02 251 26 49 E-Mail: info@primat.si Web: www.primat.si |
|
|
Crefo
Nr. |
Name /
Address / Status |
Valid
from |
Share |
|
Owner |
|||
|
9270011022 |
PRIMAT-SISTEMI
d.o.o. Statistical
Nr.: 1323741 Pri
opekarni 46, 2000 Maribor Slovenia |
|
9.702,05
EUR |
|
Main
activity |
Nace |
|
Manufacture
of other fabricated metal products n.e.c. |
25.99 |
Company Activity
production
of security equipment-safes STARPRIM, deposit safes, secure key safes,
intelligent safes, cashier safes, ATM safes, night \ safes, anti burglary alarm
systems, deposit safes, cabinets, vault \ rooms, vault doors, secure doors,
metal furniture and storage equipment wholesale and retail trade
Headquarters
and business premises are located on the address above business unit is located
on Pri opekarni 46, Maribor
Turnover and Employees
|
Date |
Turnover |
Employees |
|
2007 |
15.441.858
EUR |
|
|
2008 |
15.427.698
EUR |
200 |
|
2009 |
8.865.252,16
EUR |
190 |
|
2010 |
10.243.725
EUR |
178 |
|
2011 |
9.857.745
EUR |
186 |
|
2012 |
8.889.243
EUR |
155 |
Import / Export
|
|
Import |
Export |
|
Percentage |
Unknown |
Unknown |
|
Countries |
European
Union |
European
Union, Switzerland, Croatia, Bosnia-Hercegovina, USA, Serbia, Taiwan, China |
Properties
|
Name |
Detail |
Currency |
Value |
|
Land |
Company's
property Industrijska
ulica 22, Maribor 2000, Slovenia per 31.12.2012 |
EUR |
615.432 (Official
source) |
|
Buildings |
Company's
property Industrijska
ulica 22, Maribor 2000, Slovenia per 31.12.2012 |
EUR |
867.755 (Official
source) |
Remarks
full name
of company: PRIMAT tovarna kovinske opreme d.d.
participation
in capital: PRIMAT Sarajevo d.o.o., BIH (100% share) PRIMAT Maribor d.o.o.
Rijeka, Croatia (100% share) PRIMAT OPREMA d.o.o. Serbia (76,21% share)
Banks
|
Code |
Bank
name / Address |
Account
Nr. |
|
108 |
BANKA
CELJE d.d. Vodnikova
2, 3000 Celje , 3000, |
SI56
0600 0005 6394 353 |
|
106 |
BANKA
KOPER d.d. Pristaniska
14, 6502 Koper, 6502, |
SI56
1010 0003 9555 334 |
|
120 |
HYPO
ALPE-ADRIA-BANK d.d. Dunajska
cesta 117, 1000 Ljubljana , 1000, |
SI56
3300 0000 0010 564 |
|
102 |
NOVA
KREDITNA BANKA MARIBOR d.d. Ulica
Vita Kraigherja 4, 2505 Maribor , 2505, |
SI56
0451 5000 0238 837 |
|
100 |
NOVA
LJUBLJANSKA BANKA d.d., LJUBLJANA Trg republike
2, 1520 Ljubljana , 1250, |
SI56
0228 0001 6605 261 |
|
124 |
RAIFFEISEN
BANKA d.d. Slovenska
ulica 17, 2000 Maribor , 2000, |
SI56
2410 0900 2516 435 |
|
104 |
SKB
BANKA d.d. LJUBLJANA Ajdovscina
4, 1513 Ljubljana , 1513, |
SI56
0312 1100 0345 909 |
|
134 |
UNICREDIT
BANKA SLOVENIJA d.d. Smartinska
140, 1000 Ljubljana , 1000, |
SI56
290000003031980 |
Payment experience and credit opinion
|
Terms of
payment |
No
complaints, but occasional delays |
(31) |
|
Business
connection |
Business
connection are premissible |
(21) |
|
Credit
Limit |
74.000 |
EUR |
Business development
|
Company
development |
Constant |
(30) |
|
Business
course |
satisfactory |
(30) |
Events
31.12.2012
The enclosed balance
of 2012 is originated from official source, it is authenticated by the auditor.
31.12.2011 The enclosed balance of 2011 is
originated from official source, it is authenticated by the auditor. 31.12.2010 The enclosed balance of 2010 is the
company's own report, it is not authenticated by the auditor. 31.12.2009 The enclosed balance of 2009 is
originated from other source, it is not authenticated by the auditor.
|
|
|
31/12/2012 1 EUR balance |
31/12/2011 1 EUR
balance |
31/12/2010 1 EUR
balance |
31/12/2009 1 EUR
balance |
|
Name |
Ref. |
||||
|
ASSETS
(AKTIVA) |
|
6.457.707 |
7.118.104 |
7.150.404 |
6.872.621 |
|
LONG-TERM
ASSETS |
|
3.482.194 |
3.479.664 |
3.569.695 |
3.757.164 |
|
Intangible
assets and long-term deferred costs and accrued revenues |
|
695.841 |
457.851 |
483.354 |
939.281 |
|
Intangible
assets |
|
51.556 |
448.306 |
477.826 |
|
|
Long-term
deferred costs and accrued revenues |
|
644.285 |
9.545 |
5.528 |
|
|
Tangible
fixed assets |
|
2.252.108 |
2.480.749 |
2.739.642 |
3.127.063 |
|
Long-term
financial investments and Real estate investments |
|
473.769 |
476.768 |
275.050 |
|
|
Investment
property |
|
92.958 |
95.957 |
98.956 |
104.389 |
|
Long-term
financial investments |
|
380.811 |
380.811 |
176.094 |
47.141 |
|
Long-term
operating receivables |
|
0 |
0 |
0 |
0 |
|
Deferred
receivables for taxes |
|
60.476 |
64.296 |
71.649 |
85.299 |
|
SHORT-TERM
ASSETS |
|
2.970.891 |
3.633.999 |
3.574.482 |
3.111.736 |
|
Assets
(group for estrange) for sell |
|
0 |
0 |
0 |
0 |
|
Inventories |
|
1.379.330 |
1.493.591 |
1.072.704 |
1.226.112 |
|
Short-term
financial investments |
|
3.576 |
3.074 |
3.000 |
0 |
|
Short-term
operating receivables |
|
1.355.350 |
1.862.517 |
2.435.378 |
1.808.748 |
|
Cash
assets |
|
232.635 |
274.817 |
63.400 |
76.876 |
|
Short-term
deferred costs and accrued revenues |
|
4.622 |
4.441 |
6.226 |
3.722 |
|
Off-balance
sheet items |
|
1.707.505 |
1.884.351 |
1.838.507 |
1.913.129 |
|
LIABILITIES |
|
6.457.707 |
7.118.104 |
7.150.404 |
6.872.621 |
|
CAPITAL |
|
3.730.232 |
3.827.159 |
4.022.289 |
3.890.673 |
|
Called-up
capital |
|
401.590 |
401.590 |
401.590 |
401.590 |
|
Basic
(subscribed) capital |
|
401.590 |
401.590 |
401.590 |
401.590 |
|
Non
called-up capital (deductive item) |
|
0 |
0 |
0 |
0 |
|
Capital
reserves |
|
1.371.000 |
1.371.000 |
1.371.000 |
1.371.001 |
|
Reserves
from profit |
|
1.094.472 |
1.094.472 |
1.094.472 |
1.094.472 |
|
Surplus
from revaluation |
|
0 |
0 |
0 |
0 |
|
Retained
net |
|
855.032 |
907.940 |
965.728 |
1.023.610 |
|
Net
business result for the business year |
|
8.138 |
52.157 |
189.499 |
0 |
|
PROVISIONS
AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES |
|
391.360 |
524.883 |
561.978 |
|
|
FINANCIAL
AND BUSINESS LIABILITIES |
|
2.336.116 |
2.766.062 |
|
|
|
LONG-TERM
LIABILITIES |
|
82.444 |
217.875 |
321.083 |
496.583 |
|
|
|
31/12/2012 1 EUR balance |
31/12/2011 1 EUR
balance |
31/12/2010 1 EUR
balance |
31/12/2009 1 EUR
balance |
|
Name |
Ref. |
||||
|
Long-term
financial liabilities |
|
82.444 |
217.875 |
321.083 |
496.583 |
|
Long-term
operating liabilities |
|
0 |
0 |
0 |
0 |
|
Deferred
liabilities for taxes |
|
0 |
0 |
0 |
0 |
|
SHORT-TERM
LIABILITIES |
|
2.253.671 |
2.548.187 |
2.245.054 |
1.858.462 |
|
Liabilities,
included in groups for estrange |
|
0 |
0 |
0 |
0 |
|
Short-term
financial liabilities |
|
1.219.433 |
1.364.562 |
1.089.289 |
817.781 |
|
Short-term
operating liabilities |
|
1.034.238 |
1.183.625 |
1.155.764 |
1.040.682 |
|
SHORT-TERM
ACCRUED COSTS AND DEFERRED REVENUES |
|
0 |
0 |
0 |
0 |
|
Off-balance
sheet items |
|
1.707.505 |
1.884.351 |
1.838.507 |
1.913.129 |
31.12.2012
The enclosed profit
and loss account of 2012 is originated from official source, it is
authenticated by the auditor.
31.12.2011
The enclosed
profit and loss account of 2011 is originated from official source, it is
authenticated by the auditor.
31.12.2010
The enclosed
profit and loss account of 2010 is the company's own report, it is not
authenticated by the auditor.
31.12.2009
The enclosed
profit and loss account of 2009 is originated from other source, it is not
authenticated by the auditor.
|
|
|
31/12/2012 1 EUR profit
and loss account |
31/12/2011 1 EUR profit
and loss account |
31/12/2010 1 EUR profit
and loss account |
31/12/2009 1 EUR profit
and loss account |
|
Name |
Ref. |
||||
|
CAPITAL |
|
|
|
3.890.673 |
|
|
Net
sales |
|
8.409.170 |
8.299.431 |
10.348.808 |
8.473.937 |
|
Changes
in the value of inventories of products and work-in-process |
|
-144.103 |
451.204 |
-284.952 |
45.143 |
|
Capitalised
own products and own services |
|
283.323 |
0 |
4.757 |
6.996 |
|
Other operating
revenues (with subventions, grants,...) |
|
266.021 |
52.879 |
96.024 |
220.997 |
|
GROSS
OPERATING YIELD |
|
8.814.411 |
9.803.514 |
10.164.638 |
8.747.072 |
|
Cost of
goods, material and services |
|
5.209.486 |
5.980.017 |
6.255.252 |
5.507.633 |
|
Purchase
value of goods and materials sold and cost of material and cost of material
used |
|
3.499.875 |
4.229.220 |
|
|
|
Cost of
services |
|
1.709.611 |
1.750.797 |
|
|
|
Labour
cost |
|
3.089.753 |
3.178.498 |
3.123.164 |
3.117.517 |
|
Cost of
wages |
|
2.327.407 |
2.385.708 |
2.333.521 |
2.346.601 |
|
Cost of
pension insurance |
|
0 |
0 |
|
|
|
Cost of
other social insurance |
|
372.812 |
381.510 |
371.950 |
375.675 |
|
Other
labour cost |
|
389.534 |
411.280 |
417.693 |
395.241 |
|
Write-offs |
|
409.310 |
436.679 |
448.466 |
467.577 |
|
Depreciation |
|
408.776 |
435.874 |
447.106 |
463.707 |
|
Revaluation
operating expenses for non-tangible assets and tangible fixed assets |
|
0 |
0 |
661 |
0 |
|
Revaluation
operating expenses for current assets |
|
534 |
805 |
699 |
3.870 |
|
Other
operating expenses |
|
115.037 |
143.043 |
113.603 |
131.183 |
|
Name |
Ref. |
31/12/2012 1 EUR profit
and loss account |
31/12/2011 1 EUR profit and
loss account |
31/12/2010 1 EUR profit
and loss account |
31/12/2009 1 EUR profit
and loss account |
|
OPERATING
REVENUES |
|
8.958.514 |
9.352.310 |
|
|
|
OPERATING
EXPENSES |
|
8.823.586 |
9.738.237 |
|
|
|
OPERATING
RESULT |
|
134.928 |
-385.927 |
|
|
|
EBIT |
|
-9.175 |
65.277 |
|
|
|
Financial
income from investments in other enterprises |
|
0 |
0 |
4 |
28.692 |
|
Financial
income from loans |
|
109 |
174 |
27 |
2.920 |
|
Financial
income from operating receivables |
|
5.827 |
3.295 |
11.302 |
3.118 |
|
Financial
expenses from depreciation and writeoffs of financial investments |
|
0 |
0 |
24.612 |
0 |
|
Financial
expenses from financial liabilities |
|
43.152 |
50.515 |
56.806 |
68.668 |
|
Financial
expenses from operating liabilities |
|
5.023 |
3.132 |
10.858 |
3.335 |
|
Financial
income |
|
5.936 |
3.469 |
|
|
|
Financial
expenses |
|
48.175 |
53.647 |
|
|
|
Other
revenues |
|
68.896 |
50.762 |
67.754 |
83.449 |
|
Other
expenses |
|
5.524 |
6.351 |
7.815 |
5.625 |
|
Total
revenues |
|
8.889.243 |
9.857.745 |
|
|
|
Total
costs |
|
8.877.285 |
9.798.235 |
|
|
|
Total
business result |
|
11.958 |
59.510 |
|
|
|
Tax on
profit |
|
0 |
0 |
0 |
0 |
|
Deferred
taxs |
|
3.820 |
7.353 |
13.650 |
|
|
Net
business result for the accounting period |
|
8.138 |
52.157 |
189.499 |
-444.509 |
|
Name |
Ref. |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Equity
ratio |
1 |
0,06 |
0,06 |
0,06 |
0,06 |
|
Cleared
equity ratio |
2 |
0,06 |
0,06 |
0,06 |
0,06 |
|
Current
liquidity |
3 |
1,32 |
1,43 |
1,59 |
1,67 |
|
Quick
liquidity |
4 |
0,71 |
0,84 |
1,11 |
1,01 |
|
Working
capital |
5 |
717220,00 |
1085812,00 |
1329428,00 |
1253274,00 |
|
Gearing |
6 |
16,08 |
17,72 |
17,81 |
17,11 |
|
Cleared
gearing |
7 |
3,24 |
3,94 |
3,51 |
3,27 |
|
Profitability |
8 |
0,13 |
0,60 |
|
|
|
Operating
profitability |
9 |
0,09 |
0,53 |
|
|
|
Stock
days |
10 |
56,64 |
55,30 |
|
|
|
Debtor
days |
11 |
55,65 |
68,96 |
|
|
|
Supplier
days |
12 |
42,47 |
43,83 |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.00 |
|
|
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.85.19 |
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.