MIRA INFORM REPORT

 

 

Report Date :

11.07.2013

 

IDENTIFICATION DETAILS

 

Correct Name :

TOOM TEKSTIIL AKTSIASELTS

 

 

Registered Office :

Kaare 13, Abja-Paluoja, Abja parish, Viljandi county, 69402

 

 

Country :

Estonia

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation : 

06.03.1995

 

 

Com. Reg. No.:

10250287

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacturer of household linens, inc bed, table and kitchen linen, curtains

 

 

No. of Employees :

180

 

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 :

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 – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Estonia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 

estonia ECONOMIC OVERVIEW

 

Estonia, a member of the European Union and the eurozone since 2004, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region. Estonia's successive governments have pursued a free market, pro-business economic agenda and have wavered little in their commitment to pro-market reforms. The current government has followed sound fiscal policies that have resulted in balanced budgets and low public debt. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with Finland, Sweden, Russia, and Germany. Tallinn's priority has been to sustain high growth rates - on average 8% per year from 2003 to 2007. Estonia's economy fell into recession in mid-2008 with GDP contracting 14.3% in 2009, as a result of an investment and consumption slump following the bursting of the real estate market bubble and a decrease in export demand as result of economic slowdown in the rest of Europe. Estonia rebounded nearly 8% in 2011 and the Estonian economy now has one of the higher GDP growth rates in Europe. Estonia adopted the euro on 1 January 2011.

 

Source : CIA

Identification     

 

Full Name

:

Toom Tekstiil Aktsiaselts

Name in English

:

Toom Textiles PLC

Name in national language

:

Toom Tekstiil AS

 

Trading Names, Brands

:

Dreamland, EVE

 

Office Address

:

Kauba 9, Viljandi, Viljandi county, 71020, Estonia

 

 

 

 

Legal Address

:

Kaare 13, Abja-Paluoja, Abja parish, Viljandi county, 69402, Estonia

 

 

 

 

Contacts

:

-

Phone

:

(+372) 4355160; 4355162

-

Fax

:

(+372) 4355165

-

E-mail

:

toom@toomtekstiil.ee

-

WWW

:

www.toomtekstiil.ee

 

 

 

 

 

 

company SUMMARY

 

Legal Form : AS (Public limited company by Estonian Commercial Law)

Incorporation : 1995

Staff : 180

Litigation events : n/a
Remarks on payments : none

 

Sales :

13 511 212.00 EUR ( for 12 months, ended 31.12.2012 )

 

14 432 128.00 EUR ( for 12 months, ended 31.12.2011 )

 

 

Incorporation

:

1995

 

Registration Data

 

 

Date of registration

:

29.08.1997

Registration number

:

10250287

Registr. authority

:

Registration department of the County Court (Tartu, Tartu county, Estonia)

 

Date of registration

:

06.03.1995

VAT number

:

EE100224553

Registr. authority

:

Estonian Tax and Customs Board (Tartu, Tartu county, Estonia)

 

 

VAT payers are persons (including legal persons), whose taxable supply from the beginning of a calendar year exceeds 15 977,91 EUR. VAT rate is 20 percent.

 

Legal Form

:

AS (Public limited company by Estonian Commercial Law)

since 29.08.1997

 

 

 

 

 

 

Public Limited company (PLC) is a company with a share capital divided into shares. The company is liable for its obligations with all its assets. The minimum sharecapital must be at least 400,000.00 EEK (25,564.00 EUR).

 

Share Capital

:

136 205.4 EUR (registered)

since 10.01.2012

 

 

 

 

Shareholders

:

-

Mr Toom, Illimar (Estonia)

83.33 %

 

 

share's book value

:

113 503.8 EUR

 

 

 

reg. number

:

35501266014

 

 

 

address

:

Viljandi, Viljandi county, Estonia

 

 

Simple ownership Currently related in Estonia to the following companies: 1 Toom Tekstiil Nonwovens OÜ (10837147) (Active) 2 Sihtasutus Viljandi Jäähall (90008086) (Active) 3 Aktsiaselts Grand Hotel Viljandi (10741690) (Active) 4 Viljandi Jääkaru OÜ (11410988) (Active) 5 Aktsiaselts Toom Tekstiil (10250287) (Active) Was related in Estonia to the following companies: 1 Sihtasutus Viljandi Jääkeskus (90006756) (Deleted (11.03.2008)) 2 Reval Projekt Aktsiaselts (10708622) (Active) 3 TJ Plast OÜ (11157710) (Deleted (22.05.2013)) 4 Dreamland Home osaühing (10837302) (Active) 5 Reval Tolliladu Osaühing (11148591) (Active) 6 Mittetulundusühing Eesti Jäähokiliit (80048096) (Active) 7 TJ GRUPP OÜ (10868751) (Deleted (22.05.2013)) 8 Eesti Evangeelse Luterliku Kiriku Viljandi Pauluse Kogudus (80210846) (Active) 9 Wasteland OÜ (11182211) (Deleted (26.05.2010)) 10 TTL CHEMICALS osaühing (10838980) (Deleted (22.11.2012)) 11 Wasteland OÜ (11127850) (Active) 12 Toom Tekstiil Bedding Osaühing (11133632) (Active)

 

-

Mr Susi, Innar (Estonia)

16.67 %

 

 

 

share's book value

:

22 701.6 EUR

 

 

 

 

reg. number

:

36410256016

 

 

 

 

address

:

Viljandi, Viljandi county, Estonia

 

 

 

Simple ownership Currently related in Estonia to the following companies: 1 Mittetulundusühing Selamat Indoneesia (80238075) (Active) 2 Dreamland Home osaühing (10837302) (Active) 3 Toom Tekstiil Bedding Osaühing (11133632) (Active) 4 Reval Tolliladu Osaühing (11148591) (Active) 5 Aktsiaselts GREEN MARINE (11021057) (Active) 6 Aktsiaselts Grand Hotel Viljandi (10741690) (Active) 7 Aktsiaselts Toom Tekstiil (10250287) (Active) Was related in Estonia to the following companies: 1 Reval Projekt Aktsiaselts (10708622) (Active) 2 TJ Plast OÜ (11157710) (Deleted (22.05.2013)) 3 TJ GRUPP OÜ (10868751) (Deleted (22.05.2013))

 

 

 

 

 

 

 

 

 

 

The information system of the Commercial Register presents data about the shareholders of public limited companies holding more than 10% of the votes determined by shares. The data about shareholders in the information system of the Commercial Register has an informative meaning. The data of the Estonian Central Register of Securities has legal power on the basis of the Estonian Central Register of Securities Act.

 

Board / Executives

 

 

 

Board

 

 

Member of the Supervisory Board

:

Mrs Kivilaan, Hedli (Estonia)

 

pers. code: 47511106019

 

address: Viljandi, Viljandi county, Estonia

 

 

Member of the Supervisory Board

:

Mr Susi, Innar (Estonia)

 

pers. code: 36410256016

 

address: Viljandi, Viljandi county, Estonia

 

 

Member of the Supervisory Board

:

Mrs Toom, Irina (Estonia)

 

pers. code: 45404176017

 

address: Viljandi, Viljandi county, Estonia

 

 

 

Executives

 

 

Member of the board

:

Mr Toom, Illimar (Estonia)

 

pers. code: 35501266014

 

address: Viljandi, Viljandi county, Estonia

 

 

Management board member: Until 09.04.2015* * The dates of duration of authorisation in e-Business Register have no legal effect. If the data does not indicate the duration of authorisation, the member of the management board of a private limited company might be elected for an unspecified term (subsection 184(2) of the Commercial Code).

 

 

 

Every member of the Management Board may represent the public limited company in concluding all transactions.

 

Authorised signature

:

Mr Toom, Illimar

 

Changes in Registration Data

 

 

- 17.05.2012

:

activities

Principal activity: Manufacture of made-up textile articles, except apparel NACE code: 13.92

 

- 04.08.2010

:

activities

Principal activity: Manufacture of household linens, inc bed, table and kitchen linen, curtains NACE code: 13.92

 

- 19.11.2001

:

managers, authorised signature

Mr Vahur Roosaar (Estonia, 37305152717)

 

- 09.07.1998

:

managers, authorised signature

Mrs Sirle Raimo (Estonia, 44802276023 ) Mr Innar Susi (Estonia, 36410256016 )

 

Activities

:

-

7213

Linen Supply, Clothing

 

 

(NACE 9305: Other service activities n.e.c.)

 

 

 

 

 

 

Principal activity: Manufacture of household linens, inc bed, table and kitchen linen, curtains NACE code: 13.92 Additional activity: - Manufacture of other made-up textile articles NACE code: 13.92 - Manufacture of mattresses NACE code: 31.03

 

Staff employed

:

180

( the data as of 22.01.2013 )

 

 

 

Staff History

:

-

180

 

( the data as of 31.12.2012 )

 

-

176

 

 

( the data as of 14.03.2012 )

 

-

183

 

 

( the data as of 31.12.2011 )

 

-

171

 

 

( the data as of 31.12.2010 )

 

-

143

 

 

( the data as of 31.12.2009 )

 

-

126

 

 

( the data as of 03.04.2009 )

 

-

90

 

 

( the data as of 31.12.2008 )

 

-

126

 

 

( the data as of 31.12.2007 )

 

-

601

 

 

( the data as of 31.12.2005 )

 

-

603

 

 

( the data as of 31.12.2004 )

 

 

 

 

Export

 

 

- 31.12.2012

:

Fiscal period: 12 month(s), currency: EUR

11 031 055.00

 

 

 

 

 

Germany, Russian Federation, Austria, Sweden, United Kingdom, Finland, Denmark, Poland, Ukraine, Latvia, Slovenia, Netherlands, Lithuania, France, Czechia, Italy, Hungary, Switzerland, Croatia, Slovakia, Belgium
Export share: 81%

 

- 31.12.2011

:

Fiscal period: 12 month(s), currency: EUR

11 759 547.00

 

 

 

 

 

Germany, Russian Federation, Austria, Sweden, Finland, Denmark, Poland, Norway, Ukraine, Latvia, Slovenia, Netherlands, Lithuania, France, Belarus, Czechia, Hungary, Switzerland, Croatia, Slovakia
Export share: 72.6%

 

- 31.12.2010

:

Fiscal period: 12 month(s), currency: EEK, th

180 383.00

 

 

 

 

 

Germany, Russian Federation, Austria, Sweden, United Kingdom, Finland, Denmark, Poland, Norway, Ukraine, Latvia, Slovenia, Netherlands, Lithuania, France, Belarus, Czech Republic, Pakistan, Hungary, Switzerland

 

- 31.12.2009

:

Fiscal period: 12 month(s), currency: EEK, th

150 771.00

 

 

 

 

 

Germany, Russian Federation, Austria, Sweden, United Kingdom, Finland, Denmark, Poland, Norway, Ukraine, Latvia, Slovenia, Netherlands, Lithuania, France, Belarus, Czech Republic

 

- 31.12.2008

:

Fiscal period: 12 month(s), currency: EEK, th

166 137.00

 

 

 

 

 

Germany, Austria, Sweden, Finland, Denmark, Poland, Norway, Latvia, Slovenia, Netherlands, Lithuania, France
Export share in 2008 year: 75% /Consolidated amount with subsidiaries/

 

- 31.12.2007

:

Fiscal period: 12 month(s), currency: EEK, th

231 074.00

 

 

 

 

 

Germany, Russian Federation, Austria, Sweden, Belgium, Finland, Denmark, Poland, Norway, Kazakhstan, Latvia, Slovenia, Netherlands, Lithuania, France, Switzerland
/Consolidated amount with subsidiaries/

 

- 31.12.2006

:

Fiscal period: 12 month(s), currency: EEK, th

274 252.00

 

 

 

 

 

Germany, Russian Federation, Austria, Sweden, Belgium, Finland, Denmark, Poland, Norway, Kazakhstan, Latvia, Slovenia, Netherlands, Lithuania, France, Switzerland
/Consolidated amount with subsidiaries/

 

Import

 

 

- 31.12.2012

:

Fiscal period: 12 month(s), currency: EUR

6 789 000.00

[E]

 

 

 

 

 

China Peoples Republic, Korea Republic, Pakistan

 

- 31.12.2011

:

Fiscal period: 12 month(s), currency: EUR

7 683 000.00

 

 

 

 

 

China Peoples Republic, Korea Democratic People's Republic, Pakistan

 

- 31.12.2008

:

Turkey, Pakistan, China Peoples Republic, Vietnam, Korea Democratic People's Republic, European Union
Import share in 2008 year: 80%

 

Facilities

 

 

Real estate

:

According to Estonian Land Register, company required has 8 real estate objects: - Viljandimaa, Viljandi linn, Lossi tn 41A (Production 100%; 3309 m2) - Viljandimaa, Viljandi linn, Lossi tn 42 (Production 100%; 2347 m2) - Viljandimaa, Viljandi linn, Reinu tee 33a (Production 100%; 10191 m2) - Viljandimaa, Viljandi linn, Kauba tn 9 (Business Centre 100%; 561 m2) - Viljandimaa, Abja vald, Abja-Paluoja linn, Kaare tn 13 (Production 100%; 5391 m2) - Viljandimaa, Viljandi linn, Puidu tn 13 (Production 100%; 40983 m2) - Harjumaa, Tallinna linn, Pơhja-Tallinna linnaosa, Kopli tn 35c (Production 100%; 11128 m2) - Harju maakond, Tallinna linn, Pơhja-Tallinna linnaosa, Kopli tn 35b (Production 85%, Business Centre 15%; 16984 m2)

 

 

 

 

own:

-

Land - Land

 

-

Buildings - Other buildings

 

-

Premises - Office

 

 

 

 

 

Other Property

:

own:

-

Other tools & equipment - Car

 

quantity

:

3.00 unit(s)

 

-

Other tools & equipment - Truck

 

quantity

:

4.00 unit(s)

 

-

Other tools & equipment - Special-purpose machinery

 

quantity

:

4.00 unit(s)

 

leasing:

-

Other tools & equipment - Car

 

quantity

:

2.00 unit(s)

 

 

 

 

 

Branches

:

-

Branch (Viljandi, Viljandi county, Estonia)

 

address

:

Reinu tee 33a, Viljandi, Viljandi county, Estonia

 

-

Office (Viljandi, Viljandi county, Estonia)

 

address

:

Kauba 9, Viljandi, Viljandi county, 71020, Estonia

 

-

Production Branch (Abja-Paluoja, Abja parish, Viljandi county, Estonia)

 

name

:

Abja Factory

 

address

:

Kaare 13, Abja-Paluoja, Abja parish, Viljandi county, 69402, Estonia

 

-

Production Branch (Tallinn, Harju county, Estonia)

 

name

:

Tallinn Factory

 

address

:

Kopli 35b, Tallinn, Harju county, 10412, Estonia

 

-

Production Branch (Viljandi, Viljandi county, Estonia)

 

name

:

Textile Recycling Factory

 

address

:

Puidu 13, Viljandi, Viljandi county, 71020, Estonia

 

-

Production Branch (Viljandi, Viljandi county, Estonia)

 

name

:

Viljandi Factory

 

address

:

Lossi 41A, Viljandi, Viljandi county, 71020, Estonia

 

-

Warehouse (Viljandi, Viljandi county, Estonia)

 

name

:

Central Warehouse & Custom’s warehouse

 

address

:

Raua 11, Viljandi, Viljandi county, 71020, Estonia

 

-

Warehouse (Abja-Paluoja, Abja parish, Viljandi county, Estonia)

 

address

:

Kaare 13, Abja-Paluoja, Abja parish, Viljandi county, 69402, Estonia

 

-

Warehouse (Tallinn, Harju county, Estonia)

 

address

:

Kopli 35b, Tallinn, Harju county, Estonia

 

 

 

 

 

Subsidiaries and Participation

:

-

Grand Hotel Viljandi (Estonia)

100.00 %

 

 

share's book value

:

42 000 EUR

 

 

 

reg. number

:

10741690

 

 

 

address

:

Tartu 11/Lossi 29, Viljandi, Viljandi county, 71004, Estonia

 

 

-

Toom Tekstiil Bedding (Estonia)

100.00 %

 

 

 

share's book value

:

2 556 EUR

 

 

 

 

reg. number

:

11133632

 

 

 

 

address

:

Kauba 9, Viljandi, Viljandi county, 71020, Estonia

 

 

 

-

Reval Tolliladu (Estonia)

100.00 %

 

 

 

share's book value

:

2 556 EUR

 

 

 

 

reg. number

:

11148591

 

 

 

 

address

:

Lao 5, Maardu, Harju county, 74114, Estonia

 

 

 

-

Toom Tekstiil Nonwovens (Estonia)

100.00 %

 

 

 

share's book value

:

10 225 EUR

 

 

 

 

reg. number

:

10837147

 

 

 

 

address

:

Lao 5, Maardu, Harju county, 74114, Estonia

 

 

 

-

Dreamland Home (Estonia)

66.00 %

 

 

 

share's book value

:

17 688 EUR

 

 

 

 

reg. number

:

10837302

 

 

 

 

address

:

Kopli 35b, Tallinn, Harju county, 10412, Estonia

 

 

 

-

Lifestyle Interior OY (Finland)

60.00 %

 

 

 

address

:

Linnankatu 13a A 14, Turku, 20100, Finland

 

 

 

( the data as of 31.12.2012 )

 

 

 

-

Viljandi Jaakaru (Estonia)

50.00 %

 

 

 

share's book value

:

1 278 EUR

 

 

 

 

reg. number

:

11410988

 

 

 

 

address

:

Kauba 9, Viljandi, Viljandi county, 71020, Estonia

 

 

 

 

 

 

 

 

 

 

Bankers

:

-

Nordea Bank Finland PLC Eesti Filiaal (Estonia)

 

address

:

Hobujaama 4, Tallinn, Harju county, 15068, Estonia

 

reg. number

:

10221469

 

bank code

:

820

 

-

Swedbank (Estonia)

 

address

:

Liivalaia 8, Tallinn, Harju county, 15040, Estonia

 

reg. number

:

10060701

 

bank code

:

767

 

-

UniCredit Bank (Latvia)

 

address

:

Elizabetes 63, Riga, Rigas region, LV-1050, Latvia

 

reg. number

:

40003323953

 

-

UniCredit Bank Eesti filiaal (Estonia)

 

address

:

Liivalaia 13/15, Tallinn, Harju county, 10118, Estonia

 

bank code

:

699

 

 

 

 

 

Clients

:

-

Betten Duscher GmbH (Germany)

 

-

Blue Moon Wohntextielen Handels GmbH (Austria)

 

-

Hilding Anders Baltic (Estonia)

 

address

:

Loomae road 10, Lehmja village, Rae parish, Harju county, 75306, Estonia

 

reg. number

:

10258395

 

-

Jysk (Denmark)

 

-

Tesco International Sourcing Ltd (Hong Kong)

 

-

XXX Lutz (Austria)

 

 

 

 

 

Suppliers

:

-

Adamjee Enterprises (Pakistan)

 

-

Grasim Industries LTD (India)

 

-

Hantrong Investment (China Peoples Republic)

 

-

SS Fiber LTD (Korea Democratic People's Republic)

 

-

Shinkong Synthetic Fibers (Taiwan)

 

 

 

 

 

Litigation

:

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating. According to official sources since 01.01.2009 the company has participated in 9 court hearings. There are no details available on 6 court hearings. All 6 court hearings are written below, however we do not know the role of the company in these actions: (#1) Status: Incoming documents Doc. Nr. : /4996-09 Doc. date: 2009-02-02 Doc. Insert/Sending date: 2009-02-02 Reciever/Sender: AS Toom Tekstiil Description: Legal suit Case Nr./Name: Heba-Pol Bartosewicz inni spj (#2) Status: Outgoing documents Doc. Nr. : /31325-09 Doc. date: 2009-04-07 Doc. Insert/Sending date: 2009-04-08 Reciever/Sender: as toom tekstiil Case Nr./Name: /538 (#3) Status: Outgoing documents Doc. Nr. : /56961-11 Doc. date: - Doc. Insert/Sending date: 2011-07-18 Reciever/Sender: AS TOOM TEKSTIIL Description: Regulation (#4) Status: Outgoing documents Doc. Nr. : /64811-11 Doc. date: - Doc. Insert/Sending date: 2011-08-10 Reciever/Sender: AS TOOM TEKSTIIL Description: Regulation (#5) Status: Outgoing documents Doc. Nr. : /74859-12 Doc. date: - Doc. Insert/Sending date: 2012-10-05 Reciever/Sender: AS TOOM TEKSTIIL Description: Regulation (#6) Status: Outgoing documents Doc. Nr. : /83350-12 Doc. date: - Doc. Insert/Sending date: 2012-11-02 Reciever/Sender: AS TOOM TEKSTIIL Description: Regulation

 

Remarks on payment

:

none

 

 

 

 

 

 

- 06.05.2010

:

Local databases (confirmed)

65.00 EUR [E]

 

payment status

:

complete

 

 

 

 

 

Banking.

 

 

( the data as of 06.05.2010, cancelled since 21.06.2010 )

 

 

 

History of debts to Estonian government: 01.08.2011 / 53 866 EUR 01.06.2011 / 15 236 EUR 01.04.2011 / 31 392 EUR

 

 

Debts to Estonian government: No current tax debts. Previously, company had tax debts. See information above. Other debts: Yes. 1 debt registered, it is paid off. No current are reported on the company required.

 

Business mortgages

 

 

- 12.01.2011

:

Commercial pledge

128 823 EUR

 

pledgee

:

UniCredit Bank (Latvia)
reg. number: 40003323953
address: Elizabetes 63, Riga, Rigas region, LV-1050, Latvia

 

 

 

 

 

 

- 02.01.2006

:

Commercial pledge

200 000 EEK

 

pledgee

:

UniCredit Bank (Latvia)
reg. number: 40003323953
address: Elizabetes 63, Riga, Rigas region, LV-1050, Latvia

 

 

 

 

 

 

- 02.01.2006

:

Commercial pledge

4 500 000 EEK

 

pledgee

:

Swedbank (Estonia)
reg. number: 10060701
address: Liivalaia 8, Tallinn, Harju county, 15040, Estonia

 

 

 

 

 

 

- 02.01.2006

:

Commercial pledge

500 000 EEK

 

pledgee

:

UniCredit Bank (Latvia)
reg. number: 40003323953
address: Elizabetes 63, Riga, Rigas region, LV-1050, Latvia

 

 

 

 

 

 

- 02.01.2006

:

Commercial pledge

10 000 000 EEK

 

pledgee

:

UniCredit Bank (Latvia)
reg. number: 40003323953
address: Elizabetes 63, Riga, Rigas region, LV-1050, Latvia

 

 

 

 

 

 

- 02.01.2006

:

Commercial pledge

3 000 000 EEK

 

pledgee

:

UniCredit Bank (Latvia)
reg. number: 40003323953
address: Elizabetes 63, Riga, Rigas region, LV-1050, Latvia

 

 

 

 

 

 

- 02.01.2006

:

Commercial pledge

9 000 000 EEK

 

pledgee

:

Swedbank (Estonia)
reg. number: 10060701
address: Liivalaia 8, Tallinn, Harju county, 15040, Estonia

 

 

 

 

 

 

- 02.01.2006

:

Commercial pledge

10 000 000 EEK

 

pledgee

:

UniCredit Bank (Latvia)
reg. number: 40003323953
address: Elizabetes 63, Riga, Rigas region, LV-1050, Latvia

 

 

 

 

 

 

- 02.01.2006

:

Commercial pledge

5 000 000 EEK

 

pledgee

:

UniCredit Bank (Latvia)
reg. number: 40003323953
address: Elizabetes 63, Riga, Rigas region, LV-1050, Latvia

 

 

 

 

 

 

- 02.01.2006

:

Commercial pledge

3 000 000 EEK

 

pledgee

:

UniCredit Bank (Latvia)
reg. number: 40003323953
address: Elizabetes 63, Riga, Rigas region, LV-1050, Latvia

 

 

 

 

 

 

 

Financial Elements 

           

*)

 

 

/Consolidated/

 

Period, months

12

 

12

 

12

 

Ended

31.12.2012

 

31.12.2012

 

31.12.2011

 

Currency

EUR

 

EUR

 

EUR

 

Comments

*)

 

 

 

 

 

 

===== BALANCE SHEET ====================

 

 

 

 

 

 

 

 

 

 

 

 

 

  --- A S S E T S --------------------

 

 

 

 

 

 

 

 

 

 

 

 

 

NON-CURRENT ASSETS

 

 

 

 

 

 

- Intangible assets

15 939.00

 

14 809.00

 

13 682.00

 

- Fixed assets

11 856 196.00

 

10 050 303.00

 

4 893 012.00

 

- Investments in tangible assets

 

 

 

 

 

 

- Financial assets

1 278.00

 

1 378 371.00

 

2 850 212.00

 

- Other non-current assets

 

 

 

 

 

 

Non-current assets total

11 873 413.00

 

11 443 483.00

 

7 756 906.00

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

- Stock

3 393 447.00

 

2 889 868.00

 

2 735 400.00

 

- Debtors

2 910 397.00

 

4 377 153.00

 

2 753 990.00

 

- Other receivables

 

 

 

 

 

 

- Short-term financial investments

 

 

 

 

 

 

- Cash

306 474.00

 

129 541.00

 

48 883.00

 

- Other current assets

 

 

 

 

 

 

Current assets total

6 610 318.00

 

7 396 562.00

 

5 538 273.00

 

 

 

 

 

 

 

 

Assets total

18 483 731.00

 

18 840 045.00

 

13 295 179.00

 

 

 

 

 

 

 

 

  --- EQUITY AND LIABILITIES ---------

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL AND RESERVES

 

 

 

 

 

 

- Share capital

136 205.00

 

136 205.00

 

136 205.00

 

- Additional capital

 

 

 

 

 

 

- Other capital

 

 

95 843.00

 

 

 

- Reserve capital

2 224 574.00

 

2 089 115.00

 

2 296 214.00

 

- Retained earnings (Non-covered loss)

4 563 860.00

 

5 769 848.00

 

5 393 822.00

 

Capital and reserves total

6 924 639.00

 

8 091 011.00

 

7 826 241.00

 

 

 

 

 

 

 

 

Provisions

 

 

 

 

 

 

 

 

 

 

 

 

 

LONG-TERM LIABILITIES

 

 

 

 

 

 

- Loans and credits

3 720 753.00

 

 

 

 

 

  - long-term amounts owed to banks

 

 

 

 

 

 

- Other long-term liabilities

1 353 293.00

 

4 668 263.00

 

 

 

Long-term liabilities total

5 074 046.00

 

4 668 263.00

 

347 085.00

 

 

 

 

 

 

 

 

SHORT-TERM LIABILITIES

 

 

 

 

 

 

- Loans and credits

3 247 881.00

 

3 086 133.00

 

2 392 589.00

 

  - short-term amounts owed to banks

 

 

 

 

 

 

- Creditors

3 237 165.00

 

2 994 638.00

 

2 729 264.00

 

  - trade debts

 

 

 

 

 

 

  - accrued payroll

 

 

 

 

 

 

  - tax liabilities

 

 

 

 

 

 

  - other creditors

 

 

 

 

 

 

  - advances received

 

 

 

 

 

 

- Dividends in arrears

 

 

 

 

 

 

- Accrued income, deferred charges

 

 

 

 

 

 

- Other short-term liabilities

 

 

 

 

 

 

Short-term liabilities total

6 485 046.00

 

6 080 771.00

 

5 121 853.00

 

 

 

 

 

 

 

 

Liabilities total

11 559 092.00

 

10 749 034.00

 

5 468 938.00

 

Equity and liabilities total

18 483 731.00

 

18 840 045.00

 

13 295 179.00

 

 

 

 

 

 

 

 

===== PROFIT AND LOSS ACCOUNT ==========

 

 

 

 

 

 

 

 

 

 

 

 

 

ORDINARY ACTIVITY INCOME AND CHARGES

 

 

 

 

 

 

Net sales

13 630 204.00

 

13 511 212.00

 

14 432 128.00

 

Cost of goods sold

-10 217 778.00

 

-11 008 509.00

 

11 470 632.00

 

Gross profit

 

 

 

 

 

 

Distribution costs

-1 978 892.00

 

-1 324 424.00

 

1 325 108.00

 

Administrative and management costs

-1 337 700.00

 

-1 089 930.00

 

1 180 675.00

 

Profit on sales

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING INCOME AND CHARGES

 

 

 

 

 

 

Interest receivable

 

 

 

 

 

 

Interest payable

 

 

 

 

 

 

Income from participating interests

 

 

 

 

 

 

Other operating income

220 588.00

 

211 959.00

 

205 615.00

 

Other operating charges

-157 928.00

 

-145 266.00

 

239 332.00

 

Operating profit

 

 

 

 

 

 

 

 

 

 

 

 

 

INVESTMENT INCOME AND CHARGES

 

 

 

 

 

 

Investment income less charges

-251 618.00

 

-69 409.00

 

-138 809.00

 

 

 

 

 

 

 

 

Profit before taxation

-93 124.00

 

85 633.00

 

283 187.00

 

Income-tax and other similar payments

 

 

 

 

 

 

Profit (loss) from ordinary activity

 

 

 

 

 

 

Extraordinary income less charges

 

 

 

 

 

 

Net profit

-93 124.00

 

85 633.00

 

283 187.00

 

 

 

 

 

 

 

 

 

- - - - - - - KEY RATIOS - - - - - - -

 

 

 

 

 

 

Return on sales, %

-0.68

 

0.63

 

1.96

 

  Profit before taxation / Net sales

 

 

 

 

 

 

Operating margin of profit, %

 

 

 

 

 

 

  Operating profit / Net sales

 

 

 

 

 

 

Return on investment, %

-1.34

 

1.06

 

3.62

 

  Profit before taxation / Equity

 

 

 

 

 

 

Current assets turnover

2.06

 

1.83

 

2.61

 

  Net sales / Current assets

 

 

 

 

 

 

Working capital

125 272.00

 

1 315 791.00

 

416 420.00

 

  Current assets - Short-term liabilities

 

 

 

 

 

 

Leverage

0.37

 

0.43

 

0.59

 

  Equity / Total assets

 

 

 

 

 

 

Current ratio

1.02

 

1.22

 

1.08

 

  Current assets / Short-term liabilities

 

 

 

 

 

 

Quick ratio

0.50

 

0.74

 

0.55

 

  (Current assets - Stock) / Short-term liabilities

 

 

 

 

 

 

Debt-to-equity ratio

1.67

 

1.33

 

0.70

 

  Total liabilities / Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Publications

:

No important publications in mass-media regarding company required.

 

FINAL COMMENTS

 

 

 

The information given in this report was received from all accessible sources. We called by the tel. number: +372 4355160, on 08.07.2013, but were informed that Mr. Aivar Talvet (financial Manager of the company required) is not available in the nearest couple of days and we were asked to send our request in written. We sent our questionnaire form to the company by an email: toom@toomtekstiil.ee If further information is received, we will update the report.

 

 

 

 

 

THE RESULT OF THE OPINION POLL (Manufacture): INFORMATION ABOUT 2008 YEAR 1. – 28% of polled companies evaluate common state of business in the sector as getting much worse. Turnover in 2008 is decreased by 10% (compared to 2007 year). – 44% of polled companies evaluate common state of business in the sector as remaining stable (generally, those are the respondents whose clients are big stable companies). – 21% of polled companies evaluate common state of business in the sector as getting better. Turnover in 2008 is increased from 5 to 10% (compared to 2007 year). – 7% of polled companies can’t evaluate common state of business in the sector, since they think that economy is very unstable. INFORMATION ABOUT 2009 YEAR 1. – 8% of polled companies forecast, that turnover in 2009 should decrease by 10% (compared to 2008 year). – 57% of polled companies forecast, that turnover in 2009 should remain stable. – 21% of polled companies forecast, that turnover in 2009 should increase by 10% (compared to 2008 year). Most of these companies are planning to increase their export. – 14% of polled companies can’t forecast their turnover, since they think that economy is very unstable. 2. – 100% of polled companies confirm that they do not see any sensible change in payment behavior of their clients. Average payment time is 30 days.

 

Registration History

 

 

- date n/a

:

Other Code

:

35041981

Registr. authority

:

Entrepreneur register (Estonia)

 

 

 

 

 

( the data cancelled since 29.08.1997 )

 

Capital History

 

 

- 09.07.1998

:

2 270 090 EEK (registered)

 

 

( the data as of 09.07.1998, cancelled since 10.01.2012 )

 

- 09.07.1998

:

2 270 090 EEK (registered)

 

 

( the data as of 09.07.1998, cancelled since 10.01.2012 )

 

- 29.08.1997

:

1 000 000 EEK (registered)

 

 

( the data as of 29.08.1997, cancelled since 09.07.1998 )

 

APPENDIX A

 

 

 

 

Financial Statements

 

Period, months

12

 

12

 

12

 

Ended

31.12.2012

 

31.12.2012

 

31.12.2011

 

Currency

EUR

 

EUR

 

EUR

 

 

BALANCE SHEET

 

 

 

 

 

 

 

 

 

 

 

 

 

A S S E T S

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

1.     CASH IN BANK AND IN HAND

306 474.00

 

129 541.00

 

48 883.00

 

2. SHORT-TERM FINANCIAL INVESTMENTS

 

 

 

 

 

 

3. RECEIVABLES AND PREPAYMENTS

 

 

 

 

 

 

3.1 Customer receivables

 

 

 

 

 

 

3.2. Prepaid and deferred taxes

 

 

 

 

 

 

3.3. Other short-term receivables

 

 

 

 

 

 

3.4. Prepaid services

 

 

 

 

 

 

3. RECEIVABLES AND PREPAYMENTS TOTAL

2 910 397.00

 

4 377 153.00

 

2 753 990.00

 

 

 

 

 

 

 

 

4. INVENTORIES

 

 

 

 

 

 

4.1     Raw materials

 

 

 

 

 

 

4.2    Work in progress

 

 

 

 

 

 

4.3     Finished goods

 

 

 

 

 

 

4.4     Goods for resale

 

 

 

 

 

 

4.5     Prepayments for inventories

 

 

 

 

 

 

4. INVENTORIES TOTAL

3 393 447.00

 

2 889 868.00

 

2 715 637.00

 

5. BIOLOGICAL ASSETS

 

 

 

 

 

 

6. NON-CURRENT ASSETS HELD FOR SALE

 

 

 

 

19 763.00

 

 

 

 

 

 

 

 

TOTAL CURRENT ASSETS

6 610 318.00

 

7 396 562.00

 

5 538 273.00

 

 

 

 

 

 

 

 

NON-CURRENT ASSETS

 

 

 

 

 

 

7. LONG-TERM FINANCIAL INVESTMENTS

 

 

 

 

 

 

7.1     Shares in subsidiary companies

 

 

 

 

 

 

7.2    Shares in associates

 

 

 

 

 

 

 

 

 

 

 

 

 

7.3     Other shares and securities

 

 

 

 

 

 

7.4     Long-term accounts receivable

 

 

 

 

 

 

7. LONG-TERM FINANCIAL INVESTMENTS TOTAL

1 278.00

 

1 378 371.00

 

2 850 212.00

 

8. INVESTMENT PROPERTIES

 

 

 

 

 

 

9. TANGIBLE ASSETS

 

 

 

 

 

 

9.1. Land

 

 

 

 

 

 

9.2. Buildings

 

 

 

 

 

 

9.3. Machinery and equipment

 

 

 

 

 

 

9.4. Other tangible assets

 

 

 

 

 

 

9.5. Construction-in-progress and prepayments for

 

 

 

 

 

 

tangible assets

 

 

 

 

 

 

9. TANGIBLE ASSETS TOTAL

11 856 196.00

 

10 050 303.00

 

4 893 012.00

 

10. BIOLOGICAL ASSETS

 

 

 

 

 

 

11. INTANGIBLE ASSETS

 

 

 

 

 

 

11.1. Goodwill

 

 

 

 

 

 

11.2. Development costs

 

 

 

 

 

 

 

 

 

 

 

 

 

11.3. Other intangible assets

 

 

 

 

 

 

11.4. Prepayments for intangible assets

 

 

 

 

 

 

11. INTANGIBLE ASSETS TOTAL

15 939.00

 

14 809.00

 

13 682.00

 

NON-CURRENT ASSETS TOTAL

11 873 413.00

 

11 443 483.00

 

7 756 906.00

 

TOTAL ASSETS

18 483 731.00

 

18 840 045.00

 

13 295 179.00

 

 

 

 

 

 

 

 

SHORT-TERM LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

12. LOAN LIABILITIES

 

 

 

 

 

 

12.1. Short-term loans and notes

 

 

 

 

 

 

12.2. Current portion of long-term debt

 

 

 

 

 

 

12.3. Convertible debts

 

 

 

 

 

 

12. LOAN LIABILITIES TOTAL

3 247 881.00

 

3 086 133.00

 

2 392 589.00

 

13. DEBTS AND PAYABLES

 

 

 

 

 

 

13.1. Supplier payables

 

 

 

 

 

 

13.2. Employee-related liabilities

 

 

 

 

 

 

13.3. Taxes payable

 

 

 

 

 

 

13.4. Other debts

 

 

 

 

 

 

13.5. Prepayments received

 

 

 

 

 

 

13. DEBTS AND PAYABLES TOTAL

3 237 165.00

 

2 994 638.00

 

2 729 264.00

 

14. SHORT-TERM PROVISIONS

 

 

 

 

 

 

15. TARGETED FINANCING

 

 

 

 

 

 

SHORT-TERM LIABILITIES TOTAL

6 485 046.00

 

6 080 771.00

 

5 121 853.00

 

 

 

 

 

 

 

 

LONG-TERM LIABILITIES

 

 

 

 

 

 

16. LONG-TERM LOAN LIABILITIES

 

 

 

 

 

 

16.1. Loans, notes and financial lease payables

 

 

 

 

 

 

 

 

 

 

 

 

 

16.2. Covertible debts

 

 

 

 

 

 

16. LONG-TERM LOAN LIABILITIES TOTAL

3 720 753.00

 

 

 

 

 

 

 

 

 

 

 

 

17. OTHER LONG-TERM DEBTS

 

 

3 314 970.00

 

 

 

18. LONG-TERM PROVISIONS

 

 

 

 

 

 

19. TARGETED FINANCING

1 353 293.00

 

1 353 293.00

 

 

 

LONG-TERM LIABILITIES TOTAL

5 074 046.00

 

4 668 263.00

 

347 085.00

 

LIABILITIES TOTAL

11 559 092.00

 

10 749 034.00

 

5 468 938.00

 

 

 

 

 

 

 

 

20. SHARE CAPITAL

136 205.00

 

136 205.00

 

136 205.00

 

20.a. OTHER CAPITAL

 

 

 

 

 

 

21. UNREGISTERED SHARE CAPITAL

 

 

 

 

 

 

22. SHARE PREMIUM

 

 

95 843.00

 

 

 

23. LESS TREASURY SHARES

 

 

 

 

 

 

 

 

 

 

 

 

 

24. Statutory legal reserve

14 509.00

 

14 509.00

 

14 509.00

 

 

 

 

 

 

 

 

25. Other reserves

2 210 065.00

 

2 074 606.00

 

2 281 705.00

 

26. RETAINED EARNINGS

4 650 288.00

 

5 684 215.00

 

5 110 635.00

 

27. NET PROFIT/ LOSS FOR FINANCIAL YEAR

-86 428.00

 

85 633.00

 

283 187.00

 

 

 

 

 

 

 

 

EQUITY TOTAL

6 924 639.00

 

8 091 011.00

 

7 826 241.00

 

EQUITY AND LIABILITIES TOTAL

18 483 731.00

 

18 840 045.00

 

13 295 179.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME STATEMENT format 1 or 2

 

 

 

 

 

 

1. NET SALES        format 1

 

 

 

 

 

 

2. Other income

 

 

 

 

 

 

3. Change in inventories of agricultural goods

 

 

 

 

 

 

4. Profit (loss) on biological inventories

 

 

 

 

 

 

5. Changes in inventories of finished goods and work in

 

 

 

 

 

 

progress

 

 

 

 

 

 

6. Work performed by the undertaking for its own purpose

 

 

 

 

 

 

and  capital

 

 

 

 

 

 

7. Goods, raw materials and services

 

 

 

 

 

 

8. Other operating expenses

 

 

 

 

 

 

9. STAFF COSTS

 

 

 

 

 

 

9.a. Wages and salaries

 

 

 

 

 

 

9.b. Social security costs

 

 

 

 

 

 

9.c. Pension expenses

 

 

 

 

 

 

9. STAFF COSTS TOTAL

 

 

 

 

 

 

10. Depreciation and impairment of fixed assets

 

 

 

 

 

 

11. Other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

1. NET SALES      format 2

13 630 204.00

 

13 511 212.00

 

14 432 128.00

 

2. Change in inventories of agricultural goods

 

 

 

 

 

 

3. Profit (loss) on biological inventories

 

 

 

 

 

 

4. Cost of sales

-10 217 778.00

 

-11 008 509.00

 

11 470 632.00

 

GROSS  PROFIT (LOSS)

3 412 426.00

 

2 502 703.00

 

2 961 496.00

 

5. Marketing expenses

-1 978 892.00

 

-1 324 424.00

 

1 325 108.00

 

6. Administration and general expenses

-1 337 700.00

 

-1 089 930.00

 

1 180 675.00

 

7. Other income

220 588.00

 

211 959.00

 

205 615.00

 

8. Other expenses

-157 928.00

 

-145 266.00

 

239 332.00

 

OPERATING  PROFIT (LOSS)

158 494.00

 

155 042.00

 

421 996.00

 

 

 

 

 

 

 

 

12. FINANCIAL INCOME AND EXPENSES

 

 

 

 

 

 

12.a. Financial income and expenses from shares in subsidiaries

 

 

 

 

 

 

 

 

 

 

 

 

 

12.b. Financial income and expenses from shares in associates

 

 

 

 

 

 

 

 

 

 

 

 

 

12.c. Financial income and expenses from long-term

 

 

 

 

 

 

financial investments

 

 

 

 

 

 

12.d. Interest expense

-250 687.00

 

 

 

 

 

12.e. Profit (loss) on translation of foreign currencies

-1 264.00

 

-1 149.00

 

 

 

 

 

 

 

 

 

 

12.f. Other financial income and expenses

1.00

 

4 410.00

 

 

 

12. TOTAL FINANCIAL INCOME AND EXPENSES

-251 618.00

 

-69 409.00

 

-138 809.00

 

PROFIT(LOSS) ON ORDINARY ACTIVITIES

-93 124.00

 

85 633.00

 

283 187.00

 

 

 

 

 

 

 

 

13. Income tax expense

 

 

 

 

 

 

NET  PROFIT (LOSS) FOR FINANCIAL YEAR

-93 124.00

 

85 633.00

 

283 187.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.13

UK Pound

1

Rs.89.52

Euro

1

Rs.76.89

 

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%)

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.