|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
BEKAS NAGYKERESKEDELMI KORLATOLT FELELOSSEGU TARSASAG |
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Registered Office : |
1039 Budapest, Ipartelep utca 1. B. ép. |
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Country : |
Hungary |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
31.08.2012 |
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Com. Reg. No.: |
01 09 990158 |
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Legal Form : |
Limited Liability Company (Ltd.) |
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Line of Business : |
Wholesale of other food, including fish, crustaceans and molluscs |
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No. of Employees : |
136 employees |
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 |
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Payment Behaviour : |
No Complaints |
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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) |
|
Hungary |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
HUNGARY - ECONOMIC OVERVIEW
Hungary has made the transition from a centrally planned to
a market economy, with a per capita income nearly two-thirds that of the EU-27
average. The private sector accounts for more than 80% of GDP. Foreign
ownership of and investment in Hungarian firms are widespread, with cumulative
foreign direct investment worth more than $70 billion. In late 2008, Hungary's
impending inability to service its short-term debt - brought on by the global
financial crisis - led Budapest to obtain an IMF/EU/World Bank-arranged
financial assistance package worth over $25 billion. The global economic
downturn, declining exports, and low domestic consumption and fixed asset
accumulation, dampened by government austerity measures, resulted in an
economic contraction of 6.8% in 2009. In 2010 the new government implemented a
number of changes including cutting business and personal income taxes, but
imposed "crisis taxes" on financial institutions, energy and telecom
companies, and retailers. The IMF/EU bail-out program lapsed at the end of the
year and was replaced by Post Program Monitoring and Article IV Consultations
on overall economic and fiscal processes. The economy began to recover in 2010
with a big boost from exports, especially to Germany, and achieved growth of
approximately 1.7% in 2011. At the end of 2011 the government turned to the IMF
and the EU to obtain financial backstop to support its efforts to refinance
foreign currency debt and bond obligations in 2012 and beyond, but Budapest's
rejection of EU and IMF economic policy recommendations led to a breakdown in
talks with the lenders in late 2012. Since joining the EU in 2004, Hungary has
been subject to the European Commission's Excessive Deficit Procedure; Brussels
has requested that the government outline measures to sustainably reduce the
budget deficit to under 3% of GDP. Ongoing economic weakness in Western Europe
as well as lack of domestic investment and demand caused a GDP to fall 1.7% in
2012. Unemployment remained high, at more than 11%.
Source
: CIA
BÉKÁS
Nagykereskedelmi Korlátolt Felelősségű Társaság
1039 Budapest, Ipartelep utca 1. B. ép.
Phone: +36(1)2401129
Telefax: +36(1)2504314
E-Mail: ertekesites@bekaskft.hu
Web: www.bekaskft.hu
|
Legal form |
limited liability company (Ltd.) |
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Established on |
31/08/2012 - limited liability company (Ltd.) |
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Legal
predecessor: |
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Registered on |
31/08/2012, Budapest, RegNr.: 01 09
990158 |
||||
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Registered
capital |
|
HUF |
2 500 000,- |
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Owner |
László Nádaskai |
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Piroch Zsuzsanna
Nádaskainé |
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Authorized to sign |
László Nádaskai |
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Piroch Zsuzsanna
Nádaskainé |
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Auditor |
CONTROLLING-AUDIT
Könyvvizsgálói Korlátolt Felelősségű Társaság |
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|
Zoltán Török |
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General data |
Main activity: |
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Full name: |
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Short name: |
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General
contacts: |
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Residence
address: |
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Branch
establishment: |
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9028 Győr, Fehérvári út 78/B. |
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Other activities |
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TEÁOR 2008 (NACE rev. 2): |
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Agents involved in the sale of food, beverages and tobacco |
(4617.) |
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Wholesale of fruit and vegetables |
(4631.) |
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Wholesale of meat and meat products |
(4632.) |
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Wholesale of dairy products, eggs and edible oils and fats |
(4633.) |
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Wholesale of beverages |
(4634.) |
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Wholesale of sugar and chocolate and sugar confectionery |
(4636.) |
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Wholesale of coffee, tea, cocoa and spices |
(4637.) |
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Wholesale of electrical household appliances |
(4643.) |
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Wholesale of china and glassware and cleaning materials |
(4644.) |
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Wholesale of furniture, carpets and lighting equipment |
(4647.) |
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Wholesale of other household goods |
(4649.) |
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Wholesale of chemical products |
(4675.) |
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Non-specialised wholesale trade |
(4690.) |
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Employees |
2012 |
128 employees |
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25/01/2013 |
130 employees |
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25/02/2013 |
129 employees |
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25/03/2013 |
130 employees |
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26/04/2013 |
131 employees |
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27/05/2013 |
136 employees |
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25/06/2013 |
138 employees |
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04/07/2013 |
136 employees |
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Annual turnover |
2012 |
Net income |
HUF |
4 832 469 000,- |
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|
|
Property |
Company's property: Technological
equipments, machines, vehicles |
|||||
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Balance sheets |
The enclosed balance of 2012 is originated
from official source, it is authenticated by the auditor . (31.12.2012 - 1000
HUF) |
|
|
The enclosed profit and loss account of 2012
is originated from official source, it is authenticated by the auditor .
(31.12.2012 - 1000 HUF) |
|
Interests |
László Nádaskai: |
|||
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|
BÉKÁS Ingatlan és Kereskedelmi Korlátolt
Felelősségű Társaság (Statistical number: 12471171) |
Owner |
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BÉKÁS Ingatlan és Kereskedelmi Korlátolt
Felelősségű Társaság (Statistical number: 12471171) |
Authorized to sign |
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Zempléni Gyümölcsöskert Korlátolt
Felelősségű Társaság (Statistical number: 24294962) |
Owner |
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*** Last event
influencing the credit risk: 2013.05.07. *** |
|||
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Zempléni Gyümölcsöskert Korlátolt
Felelősségű Társaság (Statistical number: 24294962) |
Authorized to sign |
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*** Last event influencing
the credit risk: 2013.05.07. *** |
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Piroch Zsuzsanna
Nádaskainé: |
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BÉKÁS Ingatlan és Kereskedelmi Korlátolt
Felelősségű Társaság (Statistical number: 12471171) |
Owner |
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BÉKÁS Ingatlan és Kereskedelmi Korlátolt Felelősségű
Társaság (Statistical number: 12471171) |
Authorized to sign |
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Zempléni Gyümölcsöskert Korlátolt
Felelősségű Társaság (Statistical number: 24294962) |
Owner |
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*** Last event influencing
the credit risk: 2013.05.07. *** |
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Bank relations |
Raiffeisen Bank Zrt. Budapesti Fiók: |
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Business course |
satisfactory |
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Terms of payment |
without compliants, supplier feedback show no negative data |
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Business connection |
the establishing of the business connection may be allowed |
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balance |
A 2012.12.31. |
B |
C |
D |
|
FIXED ASSETS |
257 459 |
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Intangible assets |
2 721 |
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Capitalised value of fundantion and restructuring costs |
0 |
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Capitalised value of research and development costs |
0 |
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Consessions and similar rights and assents |
2 721 |
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Intellectual property |
0 |
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Goodwill |
0 |
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Advance payments on on intangible assets |
0 |
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Revaluation of intangible assets |
0 |
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Tangible assets |
254 738 |
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Land and buildings and related concessions and similar rights |
0 |
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Technical equipment, machinery and vehicles |
202 808 |
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Other equipment, fittings and vehicles |
26 107 |
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Breeding stock |
0 |
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Capital WIP, renovations |
21 160 |
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Advance payments on Capital WIP |
4 663 |
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Revaluation of tangible assets |
0 |
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Financial investments |
0 |
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Long term investments in related companies |
0 |
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Long term loans given to related companies |
0 |
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Other long term investments |
0 |
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Long term loans given to other investees |
0 |
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Other loag term loans given |
0 |
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Securities representing long term loans |
0 |
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Revaluation of financial investments |
0 |
|
|
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CURRENT ASSETS |
2 130 752 |
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Inventories |
1 079 389 |
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Raw materials and consumables |
875 |
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Work in progress and semi-finished products |
0 |
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Animals |
0 |
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Finished goods |
0 |
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Goodss, services |
996 222 |
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Advance payments on inventories |
82 292 |
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Receivables |
508 834 |
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Trade accounts receivable |
420 002 |
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Receivables from related companies |
0 |
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Receivables from other investees |
0 |
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Bills of exchange receivable |
0 |
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Other receivables |
88 832 |
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Securities |
0 |
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Investments in related companies |
0 |
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Other investments |
0 |
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Own shares, own quotas |
0 |
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Liquid assets |
542 529 |
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Cash in hand, cheques |
63 932 |
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Bank deposits |
478 597 |
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PREPAID EXPENSES AND ACCRUED INCOME |
1 973 |
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Accrued income |
1 973 |
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Prepaid expenses |
0 |
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Deferred expenses |
0 |
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TOTAL ASSETS |
2 390 184 |
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|
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SHAREHOLDERS' EQUITY |
1 335 370 |
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Capital subscribed |
2 500 |
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|
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thereof: treasure shares repurchased at face value |
0 |
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Issued but not paid capital (-) |
0 |
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Capital reserves |
0 |
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|
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Retained earnings from previous years |
1 159 336
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Non-distributable reserves |
173 534 |
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Revaluation reserve |
0 |
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Profit per balance-sheet |
0 |
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PROVISIONS |
0 |
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Provisions for expected liabilities |
0 |
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Provisions for future expenses |
0 |
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Other provision |
0 |
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LIABILITIES |
1 046 130 |
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Subordinated liabilities |
0 |
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Subordinated liabilities to related companies |
0 |
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|
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Subordinated liabilities to ither investees |
0 |
|
|
|
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Subordinated liabilities to other enterprises |
0 |
|
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Long term liabilities |
0 |
|
|
|
|
Long term credits |
0 |
|
|
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Convertible bonds |
0 |
|
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|
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Debts on the issue of bonds |
0 |
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Investment and development loans |
0 |
|
|
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Other long term loans |
0 |
|
|
|
|
Long term liabilities to related companies |
0 |
|
|
|
|
Long term liabilities to other investees |
0 |
|
|
|
|
Other long term liabilities |
0 |
|
|
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|
Short term liabilities |
1 046 130 |
|
|
|
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Short term loans |
0 |
|
|
|
|
thereof: convertible bonds |
0 |
|
|
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Short term credits |
0 |
|
|
|
|
Advance payments received from customers |
0 |
|
|
|
|
Trade accounts payable |
398 145 |
|
|
|
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Bills of exchange payable |
0 |
|
|
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Short term liabilities to related companies |
22 568 |
|
|
|
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Short term liabilities to other investees |
0 |
|
|
|
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Other short term liabilities |
625 417 |
|
|
|
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ACCRUED EXPENSES AND DEFERRED INCOME |
8 684 |
|
|
|
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Deferred revenues |
0 |
|
|
|
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Accrued expenses and deferred income |
7 545 |
|
|
|
|
Deferred income |
1 139 |
|
|
|
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TOTAL LIABILITIES AND SHEREHOLDERS EQUITY |
2 390 184 |
|
|
|
|
A. The enclosed profit and loss account of 2012 is originated from
official source, it is authenticated by the auditor . (31.12.2012 - 1000 HUF)
|
||||
|
profit and loss account |
A 2012.12.31. |
B |
C |
D |
|
Net domestic sales revenues |
4 679 656
|
|
|
|
|
Net export sales revenues |
152 813 |
|
|
|
|
Net sales revenues |
4 832 469 |
|
|
|
|
Change in self-manufactured inventories |
0 |
|
|
|
|
Capitalised value of self-manufactures assets |
0 |
|
|
|
|
Capitalised value of own performance |
0 |
|
|
|
|
Other revenues |
61 098 |
|
|
|
|
of which: reversal of impairment loss provision |
0 |
|
|
|
|
Cost of raw materials |
47 460 |
|
|
|
|
Value of services used |
129 783 |
|
|
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Value of other services |
6 671 |
|
|
|
|
Cost of goods sold |
4 196 788
|
|
|
|
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Value of recharged services |
47 |
|
|
|
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Material type expenditure |
4 380 749 |
|
|
|
|
Wages |
132 269 |
|
|
|
|
Other payments to personnel |
16 587 |
|
|
|
|
Personnel related contributions |
42 081 |
|
|
|
|
Payments to personnel |
190 937 |
|
|
|
|
Deprecation change |
31 724 |
|
|
|
|
Other expenses |
45 770 |
|
|
|
|
of which: impairment loss provision |
658 |
|
|
|
|
TRADING PROFIT |
244 387 |
|
|
|
|
Dividend received |
0 |
|
|
|
|
of which: received from related companies |
0 |
|
|
|
|
Gain on sale of investment |
0 |
|
|
|
|
Interest received and gain on financial transactions |
0 |
|
|
|
|
of which: received from related companies |
0 |
|
|
|
|
Other interest received |
2 592 |
|
|
|
|
of which: received from related companies |
0 |
|
|
|
|
Other revenues from financial transactions |
14 631 |
|
|
|
|
Revenues from financial transactions |
17 223 |
|
|
|
|
Losst on financial investments |
0 |
|
|
|
|
of which: given to related companies |
0 |
|
|
|
|
Interest paid |
0 |
|
|
|
|
of which: given to related companies |
0 |
|
|
|
|
Impairment loss of financial investment, secunties and bank deposits |
0 |
|
|
|
|
Other expenditures on financial transactions |
10 441 |
|
|
|
|
Expenditures of financial transactions |
10 441 |
|
|
|
|
FINANCIAL PROFIT |
6 782 |
|
|
|
|
PROFIT FROM ORDINARY BUSINESS |
251 169 |
|
|
|
|
Extraordinary revenues |
0 |
|
|
|
|
Extraordinary expenditures |
0 |
|
|
|
|
PROFIT ON EXTRAORDINARY EVENTS |
0 |
|
|
|
|
NET PROFIT BEFORE TAXATION |
251 169 |
|
|
|
|
Tax liability |
22 476 |
|
|
|
|
AFTER TAX PROFIT |
228 693 |
|
|
|
|
Dividends paid out of accumulated profit reserve |
230 000 |
|
|
|
|
Dividends paid (approved) out of current year profits |
458 693 |
|
|
|
|
NET PROFIT PER BALANCE SHEET |
0 |
|
|
|
|
|
||||
|
Ratios |
|
2012 |
|
|
Equity ratio |
0,56 |
|
|
Cleared equity ratio |
0,56 |
|
|
Current liquidity |
2,04 |
|
|
Quick liquidity |
1 |
|
|
Working capital |
1084622000 |
|
|
Gearing |
0,78 |
|
|
Cleared gearing |
n/a |
|
|
Profitability |
5,2 |
|
|
Operating profitability |
5,06 |
|
|
Stock days |
81,53 |
|
|
Debtor days |
38,43 |
|
|
Supplier days |
30,07 |
|
|
Turnover |
4832469000 |
|
|
Turnover/Employees |
37753664 |
|
|
Share capital |
1335370000 |
|
Legal agreement |
This information is addressed exclusively to addresse. We don't assume
responsibility for negligence referring to the content of this information._On
behalf of the objective information, please inform us if you have different
observations. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
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.