|
Report Date : |
12.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ACRONI, D.O.O. |
|
|
|
|
Registered Office : |
Koroška Bela, Cesta Borisa Kidriča 44, 4270 Jesenice |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.12.1992 |
|
|
|
|
Com. Reg. No.: |
10417200 |
|
|
|
|
Legal Form : |
d.o.o. - Limited liability company (Ltd.) |
|
|
|
|
Line of Business : |
Manufacture of basic iron and steel and of ferro-alloys |
|
|
|
|
No. of Employees : |
1251 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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 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, exceeding 12% in 2012.
Source
: CIA
ACRONI, d.o.o.
Koroška Bela,
Cesta Borisa Kidriča 44,
4270 Jesenice
Phone: 04 584 10
00
Telefax: 04 584 11
11
E-Mail:
uprava@acroni.si
Web: www.acroni.si
Legal form d.o.o. - Limited liability
company (Ltd.)
Established on 19/12/1992 - d.o.o. - Limited
liability company (Ltd.)
last entry on 19.12.2011 on
16.2.2005 change of company name from SŽ ACRONI d.o.o. into ACRONI, d.o.o.
Registered on
19/12/1992, Kranj,
Registration number: 10417200
Tax number:
SI25840754
Company number: 5688418
Registered
capital
EUR 83.458.521,00
Owner SIJ, d.d.,
Ljubljana (Statistical EUR 83.458.521,00 number: 5046432)
Gerbičeva ulica
98, 1000 Ljubljana
Manager Slavko
Kanalec
Borovška cesta 39,
4280 Kranjska gora
representative
authorized to sign
alone
Anton
Chernykh
Savska cesta 31,
1000 Ljubljana
confidential clerk
General data company
activity:
production of steel and steel products
trade
major
suppliers:
Acroni Germany,
Glencore Switzerland , Scholz
Germany, Acroni Italy, H.S.E., Cronimet Alfa
Germany
important
customers:
Acroni Italy,
Merkur Kranj, Acroni Germany,
Hydria Rotomatika
Kovintrade Celje, Kovintrade
Klagenfurt, Jac
slo trgovina d.o.o.
Headquarters and
production premises are located on the
address above
Main
activity:
Manufacture of
basic iron and steel and of ferro-alloys
(NACE 2)
Export:
Italy
Germany
Austria
Import:
Germany
Switzerland
Italy
Residence
address:
Koroška Bela,
Cesta Borisa Kidriča 44, 4270 Jesenice
Phone:
04 584 10 00
Telefax:
04 584 11 11
E-Mail:
uprava@acroni.si
Web:
www.acroni.si
Employees 2007 1540 employees
2008 1540 employees
2009 1518 employees
2010 1462 employees
2011 1394 employees
2012 1251 employees
Annual turnover 2007 Enterprise turnover EUR 469.907.030,-
2008
Enterprise turnover EUR
445.236.553,-
2009 Enterprise turnover EUR 222.461.085,-
2010 Enterprise turnover EUR 385.795.539,-
2011 Enterprise turnover EUR 439.490.483,-
Property Company's
property: Business premises
SI-4270 Jesenice,
Cesta Borisa Kidriča 44
Company's
property: Land
per
31.12.2010
SI-
Book value:
16.053.502,- EUR ()
Company's
property: Buildings
per
31.12.2010
SI-
Book value:
57.674.120,- EUR ()
Remarks full name of
company:
ACRONI, podjetje
za proizvodnjo jekla in jeklenih izdelkov,
d.o.o.
participation in
capital:
Acroni Deutschland
GmbH Germany (100% share)
Acroni Italy (70%
share)
Acroni Skandinavia
(100% share)
RCJ d.o.o. (24,95%
share)
(stand per 7.8.2012)
Interests SIJ, d.d.,
Ljubljana (Statistical number: 5046432):
ELEKTRODE
JESENICE, d.o.o. Owner
(Statistical
number: 1254430)
METAL RAVNE d.o.o.
(Statistical Owner
number:
5686482)
NOŽI RAVNE d.o.o.
(Statistical Owner
number:
5439264)
ODPAD d.o.o. Pivka
(Statistical Owner
number:
5577772)
Slovenske
železarne - Energetika Owner
Štore d.o.o.
(Statistical number:
1254855)
Slovenske zelezarne
Jeklolivarna Owner
d.o.o.
(Statistical number:
5439132)
SUZ, d.o.o. (Statistical number: Owner
1199781)
SŽ - ARMATURE MUTA
Ravne d.o.o. Owner
(Statistical
number: 5439256)
SŽ PFJ d.o.o.
(Statistical number: Owner
5434513)
SŽ-PFP d.o.o.
(Statistical number: Owner
5434521)
SŽ-STROJI IN
TEHNOLOŠKA OPREMA Owner
d.o.o.
(Statistical number:
5439205)
TIO PNEUMATIKA
d.o.o. (Statistical Owner
number:
5868459)
Bank relations NOVA LJUBLJANSKA
BANKA d.d., LJUBLJANA:
Central address:
SI Trg republike 2, 1520 Ljubljana
Account number:
02923-0016844869
SKB BANKA d.d.
LJUBLJANA:
Central address:
SI Ajdovščina 4, 1513 Ljubljana
Account number: 03100-1010492556
ABANKA VIPA
d.d.:
Central address:
SI Slovenska cesta 58, 1517 Ljubljana
Account number:
05100-8000043060
GORENJSKA BANKA
d.d.:
Central address:
SI Bleiweisova cesta 1, 4000 Kranj
Account number:
07000-0000006298
BANKA KOPER
d.d.:
Central address:
SI Pristaniška 14, 6502 Koper
Account number:
10100-0045950932
RAIFFEISEN BANKA
d.d.:
Central address:
SI Slovenska ulica 17, 2000 Maribor
Account number:
24400-9003757885
PROBANKA
d.d.:
Central address:
SI Trg Leona Štuklja 12, 2000 Maribor
Account number:
25100-9703475183
FACTOR BANKA d.d.:
Central address:
SI Tivolska cesta 48, 1000 Ljubljana
Account number:
27000-0000049066
UNICREDIT BANKA
SLOVENIJA d.d.:
Central address:
SI Šmartinska 140, 1000 Ljubljana
Account number:
29000-0001921621
SBERBANK
d.d.:
Central address: SI
Dunajska cesta 128a, 1000 Ljubljana
Account number:
30000-0080026491
HYPO
ALPE-ADRIA-BANK d.d.:
Central address:
SI Dunajska cesta 117, 1000 Ljubljana
Account number:
33000-2584075432
BANKA SPARKASSE
d.d.:
Central address:
SI Cesta v Kleče 15, 1000 Ljubljana
Account number:
SI56 340001008384331
SBERBANK
d.d.:
Central address:
SI Dunajska cesta 128a, 1000 Ljubljana
Account number: SI56
300000180026410
NOVA KREDITNA
BANKA MARIBOR d.d.:
Central address:
SI Ulica Vita Kraigherja 4, 2505 Maribor
Account number:
SI56 0451 5000 1793 262
BANKA CELJE d.d.:
Central address:
SI Vodnikova 2, 3000 Celje
Account number:
SI56 0600 0110 4925 941
BANKA SPARKASSE
d.d.:
Central address:
SI Cesta v Kleče 15, 1000 Ljubljana
Account number:
SI56 3400 0101 4646 457
Company development Positive
Terms of payment Mostly within agrees terms, but partly also
delayed
Business connection Business connection appear premissable
A. The enclosed balance of 2011 is the company's own report, it is
authenticated by the auditor . (31.12.2011 - 1 EUR)
B. The enclosed balance of 2010 is originated from official source, it
is not authenticated by the auditor. (31.12.2010 - 1 EUR)
C. The enclosed balance of 2009 is originated from official source, it
is not authenticated by the auditor. (31.12.2009 - 1 EUR)
D. The enclosed balance of 2008 is originated from official source, it
is authenticated by the auditor . (31.12.2008 - 1 EUR)
balance A B C D
31.12.2011 31.12.2010
31.12.2009 31.12.2008
ASSETS
(AKTIVA) 403.942.661
399.736.414 358.347.792 354.033.871
LONG-TERM
ASSETS 246.628.099 231.898.269
234.652.839 187.553.625
Intangible
assets and 693.875 968.972
841.784 1.306.858
long-term
deferred costs
and
accrued revenues
Intangible
assets 693.875 968.972
841.784
Long-term
deferred costs 0 0 0
and
accrued revenues
Tangible
fixed assets 235.399.683 223.114.207
225.462.231 184.184.727
Long-term
financial
579.588 244.381
investments
and Real
estate
investments
Investment
property 77.756 79.788 81.819
Long-term
financial 799.200 499.800
1.056.007
investments
Long-term
operating 3.936.930 249.571 0
254.369
receivables
Deferred
receivables for 5.720.655 6.985.931
7.120.998 1.563.290
taxes
>SHORT-TERM
ASSETS >156.744.893
>166.804.052 >121.803.416 >166.412.585
Short-term
assets
162.505.575
(without
Short-term
deferred
costs and
accrued
revenues)
Assets
(group for 0 0 0 0
estrange)
for sell
Inventories 55.273.136 61.845.526
42.926.693 59.164.417
Short-term
financial 0 105.000
105.000 3.907.010
investments
Short-term
operating 87.717.790
103.428.637 74.168.733 88.736.945
receivables
Cash
assets 13.753.967 1.424.889
4.602.990 14.604.213
>Short-term
deferred >569.669 >1.034.093
>1.981.537 >67.661
costs
and accrued revenues
Off-balance
sheet items
0 0
>LIABILITIES >403.942.661 >399.736.414
>358.347.792 >354.033.871
Long-term
sources
240.942.295
(PASSIVA)
>CAPITAL >163.195.055
>156.342.310 >159.868.697 >182.640.446
Called-up
capital 83.458.521 83.458.521
83.458.521 83.458.521
Basic
(subscribed) capital 83.458.521 83.458.521 0
83.458.521
Non
called-up capital 0 0 0
(deductive
item)
Capital reserves 10.130.994 10.130.994
10.130.994 10.130.994
Reserves
from profit 3.600.747 3.600.747
3.600.747 3.600.747
Surplus
from revaluation
0 0
Retained
net 66.004.793 59.152.048
62.678.435 64.639.587
Net
business result for
0 0 20.810.597
the
business year
>PROVISIONS
AND LONG-TERM >4.399.838 >6.520.602
>7.435.911 >9.173.083
ACCRUED
COSTS AND
DEFERRED
REVENUES
>FINANCIAL
AND BUSINESS
>233.508.670
>159.159.686
LIABILITIES
LONG-TERM
LIABILITIES 53.300.346 78.106.686
78.830.814 49.072.904
Long-term
liabilities
49.072.904
Long-term
financial 53.257.617 77.958.112
78.362.406 41.868.368
liabilities
Long-term
operating 42.729 148.574
468.408 7.204.536
liabilities
Deferred
liabilities for 0 0 0
taxes
>Short-term
liabilities
>113.091.576
and
accruals
>SHORT-TERM
LIABILITIES >182.008.970
>155.401.984 >108.857.952 >110.030.921
Liabilities,
included in 0 0 0
groups
for estrange
Short-term
financial 71.016.373 60.391.307
44.963.298 61.496.255
liabilities
Short-term
operating 110.992.597 95.010.677
63.894.654 48.534.666
liabilities
SHORT-TERM
ACCRUED COSTS 1.038.452 3.364.832
3.354.418 3.060.655
AND
DEFERRED REVENUES
Off-balance
sheet items
0 0
A. The enclosed profit and loss account of 2011 is the
company's own report, it is authenticated by the auditor . (31.12.2011 -
1 EUR)
B. The enclosed profit and loss account of 2010 is originated from
official source, it is not authenticated by the auditor. (31.12.2010 - 1 EUR)
C. The enclosed profit and loss account of 2009 is the company's
own report, it is not authenticated by the auditor. (31.12.2009 - 1
EUR)
D. The enclosed profit and loss account of 2008 is originated from
official
source, it is authenticated by the auditor . (31.12.2008 - 1 EUR)
profit
and loss account A B C D
31.12.2011 31.12.2010
31.12.2009 31.12.2008
TOTAL
REVENUES
445.236.553
TOTAL
EXPENSES
419.041.217
>Net
sales >437.251.777
>368.118.120 >225.985.757 >463.688.431
>Changes
in the value of >-4.032.572 >-6.315.905
inventories
of products
and
work-in-process
>Capitalised
own products
>0
and
own services
>Other
operating revenues >6.082.041 >1.782.763
(with
subventions,
grants,...)
>GROSS
OPERATING YIELD
>Cost
of goods, material >366.001.812 >194.476.630 >329.612.689
and
services
Purchase
value of goods 0
and
materials sold and
cost
of material and cost
of
material used
Cost
of services
0 27.040.828
>Labour
cost >35.653.398 >32.392.923 >34.727.693
thereof
wages
24.825.320
Cost
of wages
23.188.135
Cost
of pension insurance 0
Cost
of other social
4.521.170
insurance
Other
labour cost
4.683.618
>Write-offs
>15.104.225
Depreciation 18.437.440 15.104.225 13.791.362
Revaluation
operating
0
expenses
for non-tangible
assets
and tangible fixed
assets
Revaluation
operating
0
expenses
for current
assets
Other
operating expenses 1.836.135 4.354.127 474.318
write-off
of working
4.894.867
means
(revaluation
expenses)
OPERATING
REVENUES
441.348.353
Financial
Revenues from
463.654.738
salles
of goods, services
and
materials
>OPERATING
EXPENSES >423.402.538 >410.541.757
>OPERATING
RESULT
>EBIT
>5.913.822
Financial
income from
879.179 0 700.000
investments
in other
enterprises
Financial
income from
28.987 942.489
loans
Financial
income from
59.350 65.981
operating
receivables
Financial
expenses from
0 7.010 0
depreciation
and write-
offs
of financial
investments
Financial
expenses from
5.272.658 3.423.816
financial
liabilities
Financial
expenses from
0 78.900
operating
liabilities
Financial
income 189.237 967.516 3.421.940
Financial
expenses 6.133.789 5.272.658 8.434.519
Other
revenues
0 0 466.260
Other
expenses 0
952.911 64.941
Total
revenues
385.795.539 222.461.085 442.027.545
>Total
costs
>384.186.859 >250.790.542 >415.832.209
Total
business result 8.118.021 1.608.680 -28.329.457 26.195.336
>Tax
on profit
>0 >0 >5.542.865
Deferred
taxs 1.265.276 135.067
-5.557.708 -158.126
Net
business result for 6.852.745 1.473.613 -22.771.749 20.810.597
the
accounting period
Write-offs
of equity and
8.434.519
other
financial
investments
EARNINGS
BEFORE TAXES
26.195.336
(EBT)
INCOME
TAX
5.384.739
NET
EARNINGS (E)
20.810.597
Ratios 2008 2009
2010 2011
Equity ratio 0,24 0
0,21 0,21
Cleared equity ratio 0,24 0
0,21 0,21
Current liquidity 1,51 1,12
1,07 0,86
Quick liquidity 0,97 0,72
0,68 0,56
Working capital 56381664 12945464 11402068 -25264077
Gearing 4,24 n/a
4,79 4,84
Cleared gearing 1,24 n/a
1,66 1,49
Profitability 5,88
-12,73 0,42 n/a
Operating profitability 4,67
-10,24 0,38 n/a
Stock days 48,5 70,43
58,51 n/a
Debtor days 72,75 122
97,85 n/a
Supplier days 39,79 105
89,89 n/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.68 |
|
|
1 |
Rs.84.84 |
|
Euro |
1 |
Rs.71.87 |
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.