MIRA INFORM REPORT

 

 

Report Date :

24.01.2013

 

IDENTIFICATION DETAILS

 

Name :

DELMAR D.O.O

 

 

Registered Office :

Industrijska cesta 12 6310 Izola-Isola

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

14.01.1991

 

 

Com. Reg. No.:

10186600

 

 

Legal Form :

Limited Liability Company (Ltd.)

 

 

Line of Business :

Wholesale of other food, including fish, crustaceans and molluscs

 

 

No. of Employees :

129

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow

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 have 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 December 2007, Slovenia was invited to begin the accession process for joining the OECD. 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 world recession caused the economy to contract - through falling exports and industrial production - by 8%, and unemployment to rise. Although growth resumed in 2010, the unemployment rate continued to rise, approaching 11% in 2011

Source : CIA


Company name and address

 

DELMAR d.o.o.

Phone

05 663 27 00

Industrijska cesta 12

Telefax

05 663 27 18

6310 Izola-Isola

E-Mail

komerciala@delmar.si

Slovenia

Web

www.delmar.si

 

 

 

Registration:

Koper

Statistical Nr.

5462002

Registration Nr.

10186600

Tax Nr.

SI96725966

Status

Active

 

Economic situation

 

Business connection

Business connection appear premissable

 

Terms of payment

Partly within agrees credit terms, partly within delays

 

 

 

Basic information

 

Basic information

Legal form

d.o.o. - Limited liability company (Ltd.)

 

Founded

14/01/1991 as Joined stocked Company 05/07/2000 as d.o.o. - Limited liability company (Ltd.)

 

last entry on 8.11.2012

on 28.9.2009 incorporation of the company Frigomar \ d.o.o.(co.Nu.5540569)

on 4.12.2007 Frigomar d.o.o. incorporation of the company BONEX \ d.o.o. Izola

on 23.5.2003 incorporation of the company YETI trgovina, proizvodnja, uvoz, izvoz d.o.o. LJubljana and change of Legal form \ from Joined stocked Company into   Limited liability company (Ltd.)

 

Registration    

05/07/2000, Koper, 10186600 Statistical Nr.: 5462002 Tax Nr.: SI96725966

 

Owners and Capital

 

Name / Address / Status

From

Share

 

Owner

Vladimir Lukezic

Drevored 1.maja 6, 6310 Izola-Isola Slovenia

 

222.125,61 EUR

 

JoZef Skocaj

Kajuhova ulica 15, 6310 Izola-Isola Slovenia

 

222.125,61 EUR

 

Zoran Poles

Dvoriscna ulica 19, 6310 Izola-Isola Slovenia

 

52.469,69 EUR

 

Vesna Gacnik Katonar

Presernova cesta 2, 6310 Izola-Isola Slovenia

 

50.186,98 EUR

 

Iztok Palcic

Sared 37a, 6310 Izola-Isola Slovenia

 

40.106,27 EUR

 

Stanka Turk

Jagodje, Soncna pot 4, 6310 Izola-Isola Slovenia

 

39.868,49 EUR

 

Veronika Hrvatic

Ulica Sergeja Masere 1, 6310 Izola-Isola Slovenia

 

13.240,38 EUR

 

Slavica Sovdat

Gregorciceva ulica 34, 6310 Izola-Isola Slovenia

 

6.069,45 EUR

 

Total capital

 

646.192,48 EUR

 

 (on all shares is a lien right registered)

 

Registered capital

 

Currency

Value

EUR

666.095,68

on 12.1.2011 increase of capital

 

Management

 

Name / Address / Status

Since            Power of attorney

 

Manager

chairman

Iztok Palcic

Sared 37a, 6310 Izola-Isola Slovenia

 

 

Board member

Jozef Skocaj

Kajuhova ulica 15, 6310 Izola-Isola Slovenia

 

 

Board member

Vladimir Lukezic

Drevored 1.maja 6, 6310 Izola-Isola Slovenia

 

 

 

Company addresses

 

Valid from

Residence address

Valid until

 

Industrijska cesta 12, 6310 Izola-Isola, Slovenia

Phone: 05 663 27 00 Telefax: 05 663 27 18

E-Mail: komerciala@delmar.si Web: www.delmar.si

 

 


Business activities

 

Main activity Nace

Wholesale of other food, including fish, crustaceans and molluscs 46.38

 

Additional activities Nace

company activity:

Wholesale of other food, including fish, crustaceans and molluscs , \ fish processing

Headquarters and business premieses are located on the address above, production   premises are located in Tovarniska 13, Izola (on lease), Fishshops 29 are located in entire Slovenia

 

Economic data

Turnover and Employees

 

Date

Turnover

Employees

2007

10.528.267 EUR

 

2008

10.696.517 EUR

100

2009

10.169.803 EUR

107

2010

11.752.141 EUR

139

2011

12.716.340 EUR

139

2012

 

139

2013

 

129

 

Import / Export

 

 

Import

Export

Percentage

Unknown

Unknown

Countries

Italy, Spain, Greece, Denmark, Netherlands, Germany

Italy, Croatia

 

Properties

 

Name

Detail

Currency

Value

truck

Company's property

Industrijska cesta 12, Izola-Isola 6310, Slovenia 25 piece

 

Unknown

Land

Company's property

Industrijska cesta 12, Izola-Isola 6310, Slovenia

per 31.12.2011

EUR

2.363.668

(Official source)

Buildings

Company's property

Industrijska cesta 12, Izola-Isola 6310, Slovenia

per 31.12.2011

EUR

3.324.632

(Official source)

 

Supplementary data

 

Remarks

full name of company: DELMAR, promet z ribo, d.o.o.

 

Banks

 

Code

Bank name / Address

Account Nr.

122

ABANKA VIPAd.d.

Slovenska cesta 58, 1517 Ljubljana , 1517,

SI56 0510 0801 2908

655

106

BANKA KOPER d.d.

Pristaniska 14, 6502 Koper, 6502,

SI56 1010 0002 8187

807

106

BANKA KOPER d.d.

Pristaniska 14, 6502 Koper, 6502,

SI56 101000049478919

120

HYPO ALPE-ADRIA-BANK d.d.

Dunajska cesta 117, 1000 Ljubljana , 1000,

330009672596618

100

NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA

Trg republike 2, 1520 Ljubljana , 1250,

022360013811295

 

Main indices

 

Payment experience and credit opinion

 

Terms of payment

Partly within agrees credit terms, partly within delays

Business connection

Business connection appear premissable

 

Events

No negative events registered.

 

Balances

 

Balance

31.12.2011 The enclosed balance of 2011 is originated from official source, it is not authenticated by the auditor. 31.12.2010 The enclosed balance of 2010 is originated from official source, it is not authenticated by the auditor. 31.12.2009 The enclosed balance of 2009 is originated from official source, it is authenticated by the auditor. 31.12.2008 The enclosed balance of 2008 is originated from official

 


 

 

 

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Name

Ref.

1

1

1

1

 

 

EUR

EUR

EUR

EUR

 

 

balance

balance

balance

balance

LONG-TERM ASSETS

 

6.326.262

4.211.750

4.289.277

3.904.092

Intangible assets and long-term deferred costs and accrued revenues

 

37.030

48.050

200.728

197.709

Intangible assets

 

37.030

48.050

200.728

 

Long-term deferred costs and accrued revenues

 

0

0

0

 

Tangible fixed assets

 

6.289.232

4.163.700

4.078.167

3.696.001

Long-term financial investments and Real estate investments

 

0

0

10.382

10.382

Investment property

 

0

0

0

 

Long-term financial investments

 

0

0

10.382

 

Long-term operating receivables

 

0

0

0

0

Deferred receivables for taxes

 

0

0

0

0

SHORT-TERM ASSETS

 

3.565.604

2.848.295

2.945.924

2.423.180

Short-term assets (without Short-term deferred costs and accrued revenues)

 

 

 

2.423.180

Assets (group for estrange) for sell

 

0

0

0

0

Inventories

 

1.520.498

1.378.246

1.252.491

1.108.109

Short-term financial investments

 

8.953

8.953

57.392

0

Short-term operating receivables

 

2.026.579

1.453.778

1.568.812

1.165.309

Cash assets

 

9.574

7.318

67.229

149.762

Short-term deferred costs and accrued rev­enues

 

19.785

19.595

19.839

9.541

Off-balance sheet items

 

1.800.000

2.568.778

2.251.557

 

LIABILITIES

 

9.911.651

7.079.640

7.255.040

6.336.813

Long-term sources (PASSIVA)

 

 

 

2.390.419

CAPITAL

 

2.820.700

779.702

875.118

1.094.419

Called-up capital

 

666.096

666.096

266.096

 

Basic (subscribed) capital

 

666.096

666.096

266.096

237.565

Non called-up capital (deductive item)

 

0

0

0

 

Capital reserves

 

73.835

514.309

514.309

366.437

Reserves from profit

 

39.772

97.712

403.765

257.096

Surplus from revaluation

 

2.312.514

0

0

 

Retained net

 

0

0

-66.552

 

Net business result for the business year

 

-271.517

-495.415

-242.500

233.321

PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES

 

151.167

158.525

183.748

 

FINANCIAL AND BUSINESS LIABILITIES

 

6.931.898

6.136.877

6.185.377

 

LONG-TERM LIABILITIES

 

2.990.586

1.824.764

1.013.259

1.296.000

Provisions and long-term accrued costs and de­ferred revenues

 

 

 

188.243

Long-term liabilities

 

 

 

1.107.757

Long-term financial liabilities

 

2.990.586

1.824.764

888.259

0

Long-term operating liabilities

 

0

0

125.000

1.107.757


 

 

 

31/12/2011

1

EUR balance

31/12/2010

1

EUR balance

31/12/2009

1

EUR balance

31/12/2008

1

EUR balance

Name

Ref.

 

 

 

 

Deferred liabilities for taxes

 

0

0

0

 

Short-term liabilities and accruals

 

 

 

3.946.394

SHORT-TERM LIABILITIES

 

3.941.312

4.312.113

5.172.118

3.936.334

Liabilities, included in groups for estrange

 

0

0

0

 

Short-term financial liabilities

 

933.497

1.984.297

2.831.409

1.505.709

Short-term operating liabilities

 

3.007.815

2.327.816

2.340.709

2.430.625

SHORT-TERM ACCRUED COSTS AND DE­FERRED REVENUES

 

7.886

4.536

10.797

10.060

Off-balance sheet items

 

1.800.000

2.568.778

2.251.557

 

 

Profit and loss accounts

31.12.2011 The enclosed profit and loss account of 2011 is originated from official source, it is not authenticated by the auditor.

31.12.2010 The enclosed profit and loss account of 2010 is originated from official source, it is not authenticated by the auditor.

 31.12.2009 The enclosed profit and loss account of 2009 is originated from official source, it is authenticated by the auditor.

31.12.2008 The enclosed profit and loss account of 2008 is originated from official source, it is authenticated by the auditor

 

 

 

 

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

31/12/2008

1

EUR

profit and loss account

Name

Ref.

 

 

 

 

TOTAL REVENUES

 

 

 

10.696.517

TOTAL EXPENSES

 

 

 

10.200.041

Net sales

 

12.685.680

11.564.282

10.067.280

 

Changes in the value of inventories of prod­ucts and work-in-process

 

-25.026

96.313

22.073

 

Capitalised own products and own services

 

0

0

0

 

Other operating revenues (with subventions, grants,...)

 

250

307

20.629

 

GROSS OPERATING YIELD

 

12.660.904

11.660.902

10.109.982

 

Cost of goods, material and services

 

10.045.036

9.367.263

8.126.598

6.814.084

Purchase value of goods and materials sold and cost of material and cost of material used

 

8.803.693

8.117.930

7.065.895

 

Cost of services

 

1.241.343

1.249.333

1.060.703

1.085.694

Labour cost

 

2.431.112

2.397.813

1.913.196

1.722.460

thereof wages

 

 

 

1.253.146

Cost of wages

 

1.777.084

1.760.994

1.427.884

 

Cost of pension insurance

 

175.792

167.400

131.486

 

Cost of other social insurance

 

129.264

129.141

104.066

 

Other labour cost

 

348.972

340.278

249.760

 

Write-offs

 

244.089

233.623

207.740

 

Depreciation

 

244.089

233.623

204.569

181.272

Revaluation operating expenses for non-tangible assets and tangible fixed assets

 

0

0

0

 

Revaluation operating expenses for current assets

 

0

0

3.171

 

 

 

 

 

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

31/12/2008

1

EUR

profit and loss account

Name

Ref.

 

 

 

 

Other operating expenses

 

29.841

28.595

17.971

47.745

write-off of working means (revaluation expenses)

 

 

 

48.469

OPERATING REVENUES

 

12.685.930

11.564.589

10.087.909

9.944.044

Financial Revenues from salles ofgoods, services and materials

 

 

 

9.891.935

OPERATING EXPENSES

 

12.750.078

12.027.294

10.265.505

9.899.724

OPERATING RESULT

 

-64.148

-462.705

-177.596

 

EBIT

 

-89.174

-366.392

-155.523

 

Financial income from investments in other enter­prises

 

0

0

0

620.637

Financial income from loans

 

11

0

0

 

Financial income from operating receivables

 

39.517

39.058

40.254

 

Financial expenses from depreciation and write­offs of financial investments

 

0

0

0

0

Financial expenses from financial liabilities

 

209.860

186.322

87.680

 

Financial expenses from operating liabilities

 

22.420

27.454

58.466

 

Financial income

 

39.528

39.058

40.254

667.297

Financial expenses

 

232.280

213.776

146.146

300.126

Other revenues

 

15.908

52.181

19.567

85.176

Other expenses

 

5.499

6.486

652

191

Total revenues

 

12.716.340

11.752.141

10.169.803

 

Total costs

 

12.987.857

12.247.556

10.412.303

 

Total business result

 

-271.517

-495.415

-242.500

 

Tax on profit

 

0

0

0

 

Deferred taxs

 

0

0

0

 

Net business result for the accounting period

 

-271.517

-495.415

-242.500

 

Write-offs of equity and other financial invest­ments

 

 

 

300.126

EARNINGS BEFORE TAXES (EBT)

 

 

 

496.476

INCOME TAX

 

 

 

29.833

NET EARNINGS (E)

 

 

 

 

466.643

 

Financials Rations

 

Name

Ref.

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Equity ratio

1

0,07

0,09

0,04

0,04

Cleared equity ratio

2

-0,22

0,09

0,04

0,04

Current liquidity

3

0,90

0,66

0,57

0,62

Quick liquidity

4

0,52

0,34

0,33

0,33

Working capital

5

-375708,00

-1463818,00

-2226194,00

-1513154,00

Gearing

6

14,88

10,63

27,26

26,67

Cleared gearing

7

-2,38

5,72

13,98

6,34

Profitability

8

-2,14

-4,22

-2,38

4,64

 

 

Name

Ref.

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Operating profitability

9

-2,14

-4,22

-2,38

4,36

Stock days

10

43,64

42,81

44,95

37,81

Debtor days

11

58,17

45,15

56,31

39,76

Supplier days

12

86,33

72,30

84,01

82,94

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.77

UK Pound

1

Rs.85.13

Euro

1

Rs.71.57

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.