|
Report Date : |
07.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
BAKERO EXPORT-IMPORT S.R.O. |
|
|
|
|
Registered Office : |
146, 664 71 Lažánky |
|
|
|
|
Country : |
Czech Republic |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
12.01.2006 |
|
|
|
|
Com. Reg. No.: |
C 50854 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Manufacture, wholesale and retail of hand-made carpets |
|
|
|
|
No. of Employees : |
10 |
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 : |
Slow but correct |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Czech Republic |
A2 |
A2 |
|
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, which harmonized its laws and regulations with those of the EU prior to its 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, has slowly recovered with positive quarter-on-quarter growth starting in the second half of 2009 and continuing throughout 2011. 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
BAKERO export-import s.r.o.
146
664 71 Lažánky
telephone: 00420/ 212 240 460
telephone: 00420/ 723 973 622
telefax: 00420/ 272 183 253
e-mail: info@bakero.cz
Web: www.koberce-bakero.cz
|
Company development |
Stagnant business development |
|
|
Order situation |
Satisfactory course of business |
|
|
Terms of payment |
mostly within agreed terms, recently
occasional reminders |
|
|
Business connection |
Business connections appear permissible |
|
|
|
||
|
Legal form |
Private limited company |
|
|
Foundation |
12/01/2006 - Private limited company |
|
Comp. Register |
12/01/2006,
Krajský soud v Brně, RegNr.: C 50854 |
|
Share Capital |
12/01/2006 |
CZK |
200 000,- |
|
|
Shareholders |
Ing. Radim Králík (04.07.1969) |
CZK |
200 000,- |
|
|
Management |
Ing. Radim Králík (04.07.1969) |
|
General Data |
Retail sale and
wholesale of carpets, modern as well |
|
|
Main activity: Manufacture, wholesale and retail of hand-made carpets.
Manufacture of own collections in China, India and Nepal. Consultancy.
Cleaning and repairs of carpets. |
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Trade name(s) |
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Import: |
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General contacts: |
||
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Address: |
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business locations: |
|
Staff |
2006 |
2 employees |
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|
2007 |
2 employees |
|
|
2010 |
14 employees |
|
|
2011 |
10 employees |
|
|
2012 |
10 employees |
|
|
2013 |
10 employees |
|
Annual Sales |
2006 |
actual sales |
CZK |
12 561 000,- |
|
|
|
2007 |
actual sales |
CZK |
20 177 000,- |
|
|
|
2008 |
actual sales |
CZK |
23 851 000,- |
|
|
|
2009 |
actual sales |
CZK |
31 715 000,- |
|
|
|
2010 |
actual sales |
CZK |
26 969 000,- |
|
|
|
2011 |
actual sales |
CZK |
28 661 000,- |
|
|
|
The expected economic data for the year 2012 is unavailable. |
|
Property |
none |
|
Balance sheets |
The enclosed
balance of 2011 from business register, -. (31.12.2011 - 1 CZK) |
|
|
The enclosed
profit/loss account of 2011 from business register, -. (31.12.2011 - 1 CZK) |
|
Remarks |
All the sources of negative data accessible to public (insolvency
registers, databases of debtors of health insurance institutions, commercial bulletin,
collection database and others) are currently monitored. |
|
|
The company BAKERO export-import s.r.o. continues the activity |
|
Bankers |
Citibank Europe plc, organizační
složka |
(2600) |
|
|
balance |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
r1 |
TOTAL ASSETS |
23 095 000 |
26 912 000 |
28 586 000 |
28 481 000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
|
0 |
|
r3 |
Fixed assets |
1 366 000 |
592 000 |
1 032 000 |
561 000 |
|
r4 |
Intangible fixed assets |
0 |
0 |
0 |
0 |
|
r13 |
Tangible fixed assets |
1 366 000 |
592 000 |
1 032 000 |
561 000 |
|
r14 |
Lands |
0 |
0 |
|
0 |
|
r15 |
Constructions |
0 |
0 |
|
0 |
|
r16 |
Equipment |
654 000 |
592 000 |
|
561 000 |
|
r20 |
Tangible fixed assets under construction |
712 000 |
|
|
|
|
r23 |
Long-term financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current assets |
21 423 000 |
25 861 000 |
27 011 000 |
27 869 000 |
|
r32 |
Inventory |
20 614 000 |
23 865 000 |
21 950 000 |
18 764 000 |
|
r37 |
Merchandise |
20 614 000 |
23 865 000 |
21 950 000 |
18 764 000 |
|
r39 |
Long-term receivables |
0 |
0 |
0 |
0 |
|
r48 |
Short-term receivables |
722 000 |
1 976 000 |
4 843 000 |
8 805 000 |
|
r49 |
Trade receivables |
696 000 |
1 852 000 |
4 308 000 |
7 625 000 |
|
r55 |
Short-term deposits given |
26 000 |
116 000 |
531 000 |
984 000 |
|
r57 |
Other receivables |
|
8 000 |
4 000 |
196 000 |
|
r58 |
Short-term financial assets |
87 000 |
20 000 |
218 000 |
300 000 |
|
r59 |
Cash |
82 000 |
10 000 |
85 000 |
201 000 |
|
r60 |
Bank accounts |
5 000 |
10 000 |
133 000 |
99 000 |
|
r63 |
Accruals |
306 000 |
459 000 |
543 000 |
51 000 |
|
r64 |
Deferred expenses |
306 000 |
459 000 |
543 000 |
51 000 |
|
r67 |
TOTAL LIABILITIES |
23 095 000 |
26 912 000 |
28 586 000 |
28 481 000 |
|
r68 |
Equity |
8 764 000 |
10 354 000 |
9 574 000 |
7 765 000 |
|
r69 |
Registered capital |
200 000 |
200 000 |
200 000 |
200 000 |
|
r70 |
Registered capital |
200 000 |
200 000 |
200 000 |
200 000 |
|
r73 |
Capital funds |
0 |
0 |
0 |
0 |
|
r78 |
Reserve funds, statutory reserve account
for cooperatives, and other retained earnings |
0 |
0 |
0 |
0 |
|
r81 |
Profit / loss - previous years |
6 335 000 |
8 564 000 |
10 154 000 |
9 374 000 |
|
r82 |
Retained earnings from previous years |
6 335 000 |
8 564 000 |
10 154 000 |
9 374 000 |
|
r84 |
Profit / loss - current year (+/-) |
2 229 000 |
1 590 000 |
-780 000 |
-1 809 000 |
|
r85 |
Liabilities |
14 331 000 |
16 558 000 |
19 004 000 |
20 716 000 |
|
r86 |
Reserves |
0 |
0 |
0 |
0 |
|
r91 |
Long-term payables |
0 |
0 |
0 |
0 |
|
r102 |
Short-term payables |
8 120 000 |
10 518 000 |
8 535 000 |
10 536 000 |
|
r103 |
Trade payables |
5 657 000 |
6 568 000 |
5 584 000 |
4 390 000 |
|
r106 |
Payables from partners, cooperative members
and association members |
|
|
4 000 |
54 000 |
|
r107 |
Payroll |
164 000 |
304 000 |
241 000 |
479 000 |
|
r108 |
Payables to social securities and health
insurance |
130 000 |
76 000 |
330 000 |
1 096 000 |
|
r109 |
Due from state - tax liabilities and
subsidies |
487 000 |
631 000 |
697 000 |
1 154 000 |
|
r110 |
Short-term deposits received |
|
351 000 |
190 000 |
709 000 |
|
r112 |
Estimated payables |
|
9 000 |
12 000 |
11 000 |
|
r113 |
Other payables |
1 682 000 |
2 579 000 |
1 477 000 |
2 643 000 |
|
r114 |
Bank loans and financial accommodations |
6 211 000 |
6 040 000 |
10 469 000 |
10 180 000 |
|
r115 |
Long-term bank loans |
550 000 |
783 000 |
261 000 |
720 000 |
|
r116 |
Short-term bank loans |
5 661 000 |
5 257 000 |
10 208 000 |
9 460 000 |
|
r117 |
Short-term accommodations |
0 |
0 |
|
0 |
|
r118 |
Accruals |
0 |
0 |
8 000 |
0 |
|
r119 |
Accrued expenses |
|
|
8 000 |
|
|
|
profit/loss account |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
a1 |
Turnover |
23 851 000 |
31 715 000 |
26 969 000 |
28 661 000 |
|
a2 |
Revenues from sold goods |
23 851 000 |
31 691 000 |
26 865 000 |
28 661 000 |
|
a3 |
Expenses on sold goods |
15 835 000 |
13 747 000 |
12 309 000 |
15 714 000 |
|
a4 |
Sale margin |
8 016 000 |
17 944 000 |
14 556 000 |
12 947 000 |
|
a5 |
Production |
|
24 000 |
104 000 |
|
|
a6 |
Revenues from own products and services |
|
24 000 |
104 000 |
|
|
a9 |
Production consumption |
1 433 000 |
8 641 000 |
8 758 000 |
8 208 000 |
|
a10 |
Consumption of material and energy |
206 000 |
793 000 |
812 000 |
474 000 |
|
a11 |
Services |
1 227 000 |
7 848 000 |
7 946 000 |
7 734 000 |
|
a12 |
Added value |
6 583 000 |
9 327 000 |
5 902 000 |
4 739 000 |
|
a13 |
Personnel expenses |
2 191 000 |
5 690 000 |
5 609 000 |
5 151 000 |
|
a14 |
Wages and salaries |
1 607 000 |
4 278 000 |
4 179 000 |
3 816 000 |
|
a16 |
Social security expenses and health
insurance |
563 000 |
1 336 000 |
1 365 000 |
1 303 000 |
|
a17 |
Other social expenses |
21 000 |
76 000 |
65 000 |
32 000 |
|
a18 |
Taxes and fees |
0 |
11 000 |
11 000 |
5 000 |
|
a19 |
Depreciations of intangible and tangible
assets |
174 000 |
358 000 |
405 000 |
471 000 |
|
a20 |
Revenues from disposals of fixed assets and
materials |
0 |
227 000 |
0 |
0 |
|
a21 |
Revenues from disposals of fixed assets |
|
227 000 |
|
|
|
a23 |
Net book value of disposed fixed assets and
materials |
0 |
416 000 |
0 |
0 |
|
a24 |
Net book value of sold fixed assets |
|
416 000 |
|
|
|
a26 |
Change in operating reserves and
adjustments and complex deferred costs ( + / - ) |
0 |
0 |
|
0 |
|
a27 |
Other operating revenues |
64 000 |
24 000 |
232 000 |
131 000 |
|
a28 |
Other operating expenses |
290 000 |
413 000 |
209 000 |
379 000 |
|
a31 |
Operating profit / loss |
3 992 000 |
2 690 000 |
-100 000 |
-1 136 000 |
|
a34 |
Revenues from long-term financial assets |
|
|
0 |
|
|
a43 |
Interest revenues |
0 |
0 |
|
35 000 |
|
a44 |
Interest expenses |
184 000 |
483 000 |
524 000 |
638 000 |
|
a45 |
Other financial revenues |
372 000 |
319 000 |
236 000 |
400 000 |
|
a46 |
Other financial expenses |
620 000 |
498 000 |
392 000 |
470 000 |
|
a49 |
Profit / loss from financial operations (
transactions ) |
-432 000 |
-662 000 |
-680 000 |
-673 000 |
|
a50 |
Income tax on ordinary income |
1 331 000 |
438 000 |
0 |
0 |
|
a51 |
Due tax |
1 331 000 |
438 000 |
|
|
|
a53 |
Operating profit / loss ordinary activity |
2 229 000 |
1 590 000 |
-780 000 |
-1 809 000 |
|
a56 |
Income tax on extraordinary income |
|
|
0 |
|
|
a59 |
Operating profit / loss extraordinary
activity |
0 |
0 |
0 |
0 |
|
a61 |
Profit / loss of current accounting period
(+/-) |
2 229 000 |
1 590 000 |
-780 000 |
-1 809 000 |
|
a62 |
Profit / loss before tax (+/-) |
3 560 000 |
2 028 000 |
-780 000 |
-1 809 000 |
|
|
Receivables after due date total |
|
2 206 000 |
2 693 000 |
4 881 000 |
|
|
Liabilities after due date total |
|
5 200 000 |
4 233 000 |
2 464 000 |
|
Balance indices |
|
31.12.2008 |
31.12.2009 |
31.12.2010 |
31.12.2011 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
15,41 |
7,54 |
-2,73 |
-6,35 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
40,62 |
19,59 |
-8,15 |
-23,30 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
14,93 |
6,39 |
-2,89 |
-6,31 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
10,65 |
21,31 |
58,30 |
97,11 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
86,57 |
75,59 |
75,57 |
55,91 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
315,46 |
274,66 |
297,07 |
238,96 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
7 642,00 |
10 086,00 |
8 268,00 |
7 873,00 |
|
Ratio of accounts payable to accounts
receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
8,89 |
18,79 |
56,74 |
83,57 |
|
Ratio of profit/loss to tangible assets
(in%) |
r3 / a1 * 100 |
5,73 |
1,87 |
3,83 |
1,96 |
|
Current ratio |
r31 / (r102+r116+r117) |
1,55 |
1,64 |
1,44 |
1,39 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
0,06 |
0,13 |
0,27 |
0,46 |
|
Cash ratio |
r58 / (r102+r116+r117) |
0,01 |
0,00 |
0,01 |
0,01 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
62,05 |
61,53 |
66,51 |
72,74 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
62,05 |
61,53 |
66,48 |
72,74 |
|
|
|||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.08 |
|
|
1 |
Rs.83.12 |
|
Euro |
1 |
Rs.72.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.