|
Report Date : |
26.07.2013 |
|
|
|
|
Tel. No.: |
386 2 8706200 |
|
Fax No.: |
386 2 8706230 |
IDENTIFICATION DETAILS
|
Name : |
NOŽI RAVNE D.O.O. |
|
|
|
|
Registered Office : |
Koroška cesta 14, 2390 Ravne na Koroškem |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
28.12.1990 |
|
|
|
|
Com. Reg. No.: |
10340200 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
manufacturer
of machine blades and tools for cutting of metal, plastic, wood, paper |
|
|
|
|
No. of Employees : |
193 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 the 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, approaching 12% in 2012.
|
Source : CIA |
NOŽI RAVNE d.o.o.
Koroška cesta 14,
2390 Ravne na Koroškem
Phone: 02 870 62 00
Telefax: 02 870 62 29
E-Mail: info@ravne.com
Web: www.ravne.com
Legal form d.o.o. - Limited liability company (Ltd.)
Established on 28/12/1990 - d.o.o. - Limited liability company (Ltd.)
Last entry on 27.11.2012
Registered on 28/12/1990, Maribor, Registration number: 10340200
Tax number: SI60733900
Company number: 5439264
Registered EUR 5.108.400,00
capital
Owner SIJ, d.d., Ljubljana (Statistical EUR 5.108.400,00
number: 5046432)
Gerbičeva ulica 98, 1000 Ljubljana
Manager dipl. Ing. Darko Ravlan
Legen 71b, 2383 Šmartno pri Slov. Gradcu
director
General data Company activity:
manufacture of machine blades and tools for cutting of metal,
plastic, wood,paper, ...
trade
Suppliers are from Slovenia and ca. 6% from other countries
Headquaters and business premises are located on the address
above
Main activity:
Manufacture of other tools (NACE 2)
Export:
Germany
Italy
France
Canada
USA
Residence address:
Koroška cesta 14, 2390 Ravne na Koroškem
Phone:
02 870 62 00
Telefax:
02 870 62 29
E-Mail:
Web:
Other
activities
Employees 2007 204 employees
2008 196 employees
2009 194 employees
2010 193 employees
2011 195 employees
2012 193 employees
Annual turnover 2006 Enterprise turnover EUR 14.012.987,-
2007 Enterprise turnover EUR 16.660.040,-
2008 Enterprise turnover EUR 17.156.340,-
2009 Enterprise turnover EUR 11.796.068,-
2010 Enterprise turnover EUR 13.319.164,-
2011 Enterprise turnover EUR 16.428.566,-
Property Company's property: Business premises
SI-Ravne na Koroškem, Koroška cesta 14
Company's
property: Land
per 31.12.2009
SI-
Book value: 252.459,- EUR ()
Company's property: Buildings
per 31.12.2009
SI-
Book value: 1.780.505,- EUR ()
Remarks Company name:
NOŽI RAVNE podjetje za proizvodnjo nožev in rezil d.o.o.
balance sheet per 31.12.2012 is not yet available
Interests SIJ, d.d., Ljubljana (Statistical number: 5046432):
ACRONI, d.o.o. (Statistical Owner
number: 5688418)
ELEKTRODE JESENICE, d.o.o. Owner
(Statistical number: 1254430)
METAL RAVNE d.o.o. (Statistical Owner
number: 5686482)
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)
TIO PNEUMATIKA d.o.o. (Statistical Owner
number: 5868459)
Bank relations PROBANKA d.d.:
Central address: SI Trg Leona Štuklja 12, 2000 Maribor
Account number: 25100-970594186
BANKA KOPER d.d.:
Central address: SI Pristaniška 14, 6502 Koper
Account number: 10100-0043499936
NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA:
Central address: SI Trg republike 2, 1520 Ljubljana
Account number: 024700-017188524
SBERBANK d.d.:
Central address: SI Dunajska cesta 128a, 1000 Ljubljana
Account number: SI56 3000 0000 8797 936
Company Positive
development
Business course good
Terms of No complaints, but occasional delays
payment
Business Business connection appear premissable connection
A. The enclosed balance of 2011 is originated from official source, it is not
authenticated by the auditor. (31.12.2011 - 1 EUR)
B. The enclosed balance of 2010 is originated from official source, it is
authenticated by the auditor . (31.12.2010 - 1 EUR)
C. The enclosed balance of 2009 is originated from official source, it is
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) 16.918.504 15.623.696
14.104.906 14.229.948
LONG-TERM
ASSETS 5.415.383 5.309.063
5.391.822 5.422.243
Intangible assets
and 250.587 268.005 335.288
long-term deferred
costs
and accrued
revenues
Intangible
assets 250.587 268.005
302.483
Long-term deferred
costs 0 0
and accrued
revenues
Tangible fixed
assets 5.002.815
4.802.141 4.930.593 4.927.989
Long-term
financial 0 0 0
investments and
Real
estate
investments
Investment
property 0 0
Long-term
financial 0 0
investments
Long-term
operating 2.658 0 0
receivables
Deferred receivables
for 159.323 238.917
158.746 158.966
taxes
>SHORT-TERM
ASSETS >11.503.121
>10.314.633 >8.713.084 >8.807.705
Short-term
assets
6.910.253
(without
Short-term
deferred costs
and
accrued
revenues)
Assets (group
for 0 0 0
estrange) for
sell
Inventories 3.723.915 3.716.741
3.902.831 4.348.724
Short-term
financial 3.480.000 2.280.000
1.880.000 1.897.452
investments
Short-term
operating 3.580.448 2.713.559
2.490.789 2.559.360
receivables
Cash assets 718.758 1.604.333
265.836 2.169
>Short-term
deferred >0 >0 >0
costs and accrued
revenues
Off-balance sheet
items 0 0
>LIABILITIES >16.918.504 >15.623.696 >14.229.948
Long-term
sources
11.360.542
(PASSIVA)
>CAPITAL >11.409.019 >10.404.361
>10.843.284 >10.771.453
Called-up
capital 5.108.400 5.108.400
5.108.400
Basic (subscribed)
capital 5.108.400 5.108.400 5.108.400
Non called-up
capital 0 0
(deductive
item)
Capital reserves 126.075 126.075
126.075 126.075
Reserves from
profit 1.806.524 1.806.524
1.806.524 1.679.798
Surplus from
revaluation 0 0
Retained net 3.363.362 3.802.285
3.734.046 2.667.141
Net business result
for 1.004.658 -438.923 68.239
1.190.039
the business
year
>PROVISIONS AND
LONG-TERM >634.791 >571.216 >581.537 >589.089
ACCRUED COSTS
AND
DEFERRED
REVENUES
>FINANCIAL AND
BUSINESS >4.669.456 >4.424.197 >2.552.954
LIABILITIES
LONG-TERM
LIABILITIES 1.083.750 0 589.089
Provisions and
long-term 589.089
accrued costs
and
deferred
revenues
Long-term
liabilities 0
Long-term
financial 1.083.750 0 0
liabilities
Long-term
operating 0 0 0
liabilities
Deferred liabilities
for 0 0
taxes
>Short-term
liabilities >2.869.406
and accruals
>SHORT-TERM
LIABILITIES >3.585.706 >4.424.197
>2.553.464 >2.552.954
Liabilities,
included in 0 0
groups for
estrange
Short-term
financial 122.572 1.508.369 586 0
liabilities
Short-term
operating 3.463.134
2.915.828 2.552.878 2.552.954
liabilities
SHORT-TERM ACCRUED
COSTS 205.238 223.922
126.621 316.452
AND DEFERRED
REVENUES
Off-balance sheet
items 0 0
A. The enclosed
profit and loss account of 2011 is originated from official
source, it is not
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
authenticated by the auditor . (31.12.2010 - 1 EUR)
C. The enclosed
profit and loss account of 2009 is originated from official
source, 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
17.156.340
TOTAL EXPENSES 15.613.465
>Net sales >16.339.796 >13.379.141
>11.531.286
>Changes in the
value of >-190.481 >0 >0
inventories of
products
and
work-in-process
>Capitalised own
products >0 >0 >0
and own
services
>Other operating
revenues >79.666 >0 >0
(with
subventions,
grants,...)
>GROSS OPERATING
YIELD >16.228.981 >0 >0
>Cost of goods,
material >9.362.268 >0 >0
>7.229.255
and services
Purchase value of
goods 0 0 0
and materials sold
and
cost of material and
cost
of material
used
Cost of
services 0
0 0 2.711.781
>Labour cost >4.817.771 >0 >0
>4.402.311
thereof wages
3.031.608
Cost of wages 3.509.286 0 0
Cost of pension
insurance 0 0 0
Cost of other
social 629.500 0 0
insurance
Other labour cost 678.985 0 0
>Write-offs >782.835 >0 >0
Depreciation 782.835 0 0
669.965
Revaluation
operating 0 0
0
expenses for
non-tangible
assets and tangible
fixed
assets
Revaluation
operating 0 0 0
expenses for
current
assets
Other operating
expenses 172.278 0 0
425.700
write-off of
working
115.598
means
(revaluation
expenses)
OPERATING
REVENUES 16.419.462 0 0
17.022.660
Financial Revenues
from
16.331.208
salles of goods,
services
and materials
>OPERATING
EXPENSES >15.135.152 >0 >0 >15.554.610
>OPERATING
RESULT >1.284.310 >-614.318 >33.929
>EBIT >1.093.829 >229.679 >778.929
Financial income
from 0 0 0 0
investments in
other
enterprises
Financial income
from 0 0 0
loans
Financial income
from 0 0 0
operating receivables
Financial expenses
from 0 0 0 0
depreciation and
write-
offs of
financial
investments
Financial expenses
from 0 0 0
financial
liabilities
Financial expenses
from 0 0 0
operating
liabilities
Financial
income 199.585 135.690 86.380
111.140
Financial
expenses 97.765 40.467 1.197 58.845
Other revenues 0 0 0 22.540
Other expenses 0 0 47.060 10
Total revenues 16.428.566 13.319.164
11.829.909
>Total costs >15.232.917 >13.838.259
>11.757.857
Total business
result 1.195.649 -519.095 72.052
>Tax on
profit >111.396 >0 >0
Deferred taxs 79.595 -80.171 221
Net business result
for 1.004.658 -438.924 71.831
the accounting
period
Write-offs of equity
and 58.845
other financial
investments
EARNINGS BEFORE
TAXES 1.542.875
(EBT)
INCOME TAX
290.203
NET EARNINGS
(E)
1.252.672
Ratios 2008 2009
2010 2011
Equity ratio 0,36 n/a
0,33 0,3
Cleared equity ratio 0,36
n/a 0,33 0,3
Current liquidity 3,45 3,41
2,33 3,21
Quick liquidity 1,75 1,88
1,49 2,17
Working capital 6254751 6159620 5890436 7917415
Gearing 2,79 n/a
3,06 3,31
Cleared gearing 0 n/a
0,3 0,24
Profitability 8,99 0,61
-3,9 7,28
Operating profitability 7,3
0,61 -3,3 6,12
Stock days 92,52 120
102 82,74
Debtor days 54,45 76,85
74,36 79,55
Supplier days 54,31 78,77
79,91 76,94
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.94 |
|
UK Pound |
1 |
Rs.90.48 |
|
Euro |
1 |
Rs.77.87 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.