MIRA INFORM REPORT

 

 

Report Date :

03.06.2013

 

IDENTIFICATION DETAILS

 

Name :

SENSUM D.O.O.

 

 

Registered Office :

Tehnoloski Park 21, 1000 Ljubljana

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

20.09.2000

 

 

Com. Reg. No.:

13361200

 

 

Legal Form :

Limited liability company (Ltd.)

 

 

Line of Business :

Other research and experimental development on natural sciences and engineering

 

 

No. of Employees :

43

 

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 :

Good

 

 

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

 


Company identification

 

SENSUM d.o.o.

Tehnoloˇski park 21

1000 Ljubljana

Slovenia

Phone 01 620 33 50

Telefax 01 620 33 59

E-Mail info@sensum.si

Web www.sensum.si

 

Registration:     Ljubljana

Statistical Nr.    1554077

Registration Nr. 13361200

Tax Nr.              SI83669728

Status               Active

 

 

Economic situation

 

Business connection

Business connection are premissible

Terms of payment

Within agreed terms

 

 

Basic information

 

Legal form

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

Founded

20/09/2000 as d.o.o. - Limited liability company (Ltd.)

 

last entry on 25.2.2012

 

on 10.11.2011 incorporation of the company MXI PLANET d.o.o.

 

on 27.2.2008 change of registered address from Teslova ulica 30, 1000 \ Ljubljana toTehnoloski park 21, 1000 Ljubljana

 

 

Registration

 

20/09/2000, Ljubljana, 13361200

Statistical Nr.: 1554077 Tax Nr.:           SI83669728

 

 

Owners and Capital

 

 

Name / Address / Status

From

Share

Owner

 

Franjo Pernus

Cankarjeva cesta 7, 4260 Bled Slovenia

 

69.587,66 EUR

 

Bostjan Likar

Predmeja 79, 5270 Ajdovscina Slovenia

 

69.587,66 EUR

 

Rok Bernard

Koroska bela, Soncna pot 1, 4270 Jesenice Slovenia

 

69.587,66 EUR

Total capital

208.762,98 EUR

 

 

Registered capital

 

Date

Currency

Value

 

EUR

208.763

 

 

Management

 

 

Name / Address / Status

Since            Power of attorney

Manager

 

director

Rok Bernard

Koroska bela, Soncna pot 1, 4270 Jesenice Slovenia

 

 

 

Company addresses

 

Valid from

Residence address

Valid until

 

Tehnoloski park 21, 1000 Ljubljana, Slovenia

Phone: 01 620 33 50 Telefax: 01 620 33 59

E-Mail: info@sensum.si Web: www.sensum.si

 

 

 


Business activities

 

Main activity

Nace

Other research and experimental development on natural sciences and engineering

72.19

Additional activities

Nace

 

company activity:

Other research and experimental development on natural sciences and \ engineering

development and manufacture of machinery for the pharmaceutical industry

Customers are from all over the word

Headquarters and business premises are located on the address above

 

 

Economic data

 

Turnover and Employees

 

Date

Turnover

Employees

2007

427.971 EUR

4

2008

1.111.333 EUR

6

2009

2.175.714 EUR

8

2010

2.582.467 EUR

12

2011

6.434.072 EUR

20

2012

5.305.746 EUR

31

2013

 

43

 

Import / Export

Percentage

Unknown

Unknown

Countries

Austria, Germany

Unknown

 

 

Supplementary data

 

Remarks          

full name of company:

SENSUM, sistemi z racunalniskim vidom d.o.o.

 

 

Banks

 

Code

Bank name / Address

Account Nr.

100

NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA

Trg republike 2, 1520 Ljubljana , 1250,

SI56 0201 0008 9744 366

134

UNICREDIT BANKA SLOVENIJA d.d.

Smartinska 140, 1000 Ljubljana , 1000,

SI56 290000050269234

 

 

Main indices

 

Payment experience and credit opinion

 

Terms of payment

Within agreed terms

Business connection

Business connection are premissible

 

Business development

 

Company development

Constant

Events

No negative events registered.

 

 

Balances

Balance

31.12.2012 The enclosed balance of 2012 is originated from official source, it is not authenticated by the auditor.

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 not authenticated by the auditor.

 

 

 

31/12/2012

31/12/2011

31/12/2010

31/12/2009

Name

Ref.

1

EUR balance

1

EUR balance

1

EUR balance

1

EUR balance

ASSETS (AKTIVA)

 

3.421.081

2.930.181

1.510.223

886.348

LONG-TERM ASSETS

 

552.536

534.284

124.187

162.865

Intangible assets and long-term deferred costs and accrued revenues

 

9.550

16.244

616

872

Intangible assets

 

9.550

16.244

616

872

Long-term deferred costs and accrued revenues

 

0

0

0

0

Tangible fixed assets

542.986

500.059

118.121

161.993

Long-term financial investments and Real estate investments

 

0

17.981

 

Investment property

 

0

0

0

0

Long-term financial investments

0

17.981

5.450

0

Long-term operating receivables

 

0

0

0

0

Deferred receivables for taxes

 

0

0

0

0

SHORT-TERM ASSETS

 

2.864.124

2.391.949

1.336.651

723.483

Assets (group for estrange) for sell

 

0

0

0

0

Inventories

 

1.283.898

940.096

452.336

0

Short-term financial investments

771.848

1.131.024

620.000

302.120

Short-term operating receivables

 

689.022

284.285

187.640

213.034

Cash assets

 

119.356

36.544

76.675

208.329

Short-term deferred costs and accrued rev­enues

 

4.421

3.948

49.385

0

Off-balance sheet items

 

145.910

282.450

0

0

LIABILITIES

 

3.421.081

2.930.181

1.510.223

886.348

CAPITAL

 

2.858.545

1.705.527

383.628

107.751

Called-up capital

 

208.763

208.763

8.763

8.763

Basic (subscribed) capital

 

208.763

208.763

8.763

8.763

Non called-up capital (deductive item)

 

0

0

0

0

Capital reserves

 

4.394

4.394

630

630

Reserves from profit

1.171

1.171

876

876

Surplus from revaluation

 

0

0

0

0

Retained net

 

1.491.199

121.441

97.486

68.539

Net business result for the business year

 

1.153.018

1.369.758

275.873

28.943

PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES

 

0

330.900

330.900

159.000

FINANCIAL AND BUSINESS LIABILITIES

 

528.978

472.678

 

LONG-TERM LIABILITIES

 

105.754

148.788

0

0

Long-term financial liabilities

105.754

148.788

 

 

Long-term operating liabilities

 

0

0

 

 

Deferred liabilities for taxes

 

0

0

 

 

SHORT-TERM LIABILITIES

 

423.224

323.890

795.695

606.287

Liabilities, included in groups for estrange

 

0

0

0

0

Short-term financial liabilities

 

22.504

0

0

0

Short-term operating liabilities

 

400.720

323.890

795.695

606.287

 

 

Name

Ref.

31/12/2012

1

EUR balance

31/12/2011

1

EUR balance

31/12/2010

1

EUR balance

31/12/2009

1

EUR balance

SHORT-TERM ACCRUED COSTS AND DE­FERRED REVENUES

 

33.558

421.076

0

13.310

Off-balance sheet items

 

145.910

282.450

0

0

 

Profit and loss accounts         

31.12.2012 The enclosed profit and loss account of 2012 is originated from official source, it is not authenticated by the auditor.

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 not authenticated by the auditor.

 

 

 

31/12/2012

1

EUR

profit and loss account

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

Name

Ref.

 

 

 

 

Net sales

 

4.462.977

5.786.029

2.051.494

1.952.157

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

 

363.972

357.104

320.099

0

Capitalised own products and own services

 

0

0

0

0

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

 

451.433

274.489

206.744

218.925

GROSS OPERATING YIELD

 

5.278.382

6.417.622

 

Cost of goods, material and services

 

2.761.654

4.118.529

1.493.005

1.611.864

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

 

916.138

1.016.905

359.872

403.948

Cost of services

 

1.845.516

3.101.624

1.133.133

1.207.916

Labour cost

 

1.261.005

693.451

496.103

306.862

Cost of wages

 

976.544

527.947

386.767

238.826

Cost of pension insurance

 

86.421

46.723

30.326

21.135

Cost of other social insurance

 

70.795

38.276

31.943

17.314

Other labour cost

 

127.245

80.505

47.067

29.587

Write-offs

 

99.776

95.132

67.212

53.937

Depreciation

 

99.468

49.066

67.212

53.937

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

 

308

0

0

0

Revaluation operating expenses for current assets

 

0

46.066

0

0

Other operating expenses

 

20.188

32.517

190.312

165.112

OPERATING REVENUES

 

4.914.410

6.060.518

 

 

OPERATING EXPENSES

 

4.142.623

4.939.629

 

 

OPERATING RESULT

 

771.787

1.120.889

 

 

EBIT

 

1.135.759

1.477.993

 

 

Financial income from investments in other enter­prises

 

0

0

0

0

Financial income from loans

 

22.457

12.395

945

0

Financial income from operating receivables

 

4.906

3.432

1.242

4.464

 

 

Name

Ref.

31/12/2012

1

EUR

profit and loss account

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

Financial expenses from depreciation and write­offs of financial investments

 

 

0

0

0

0

Financial expenses from financial liabilities

 

 

7.110

0

0

725

Financial expenses from operating liabilities

 

 

2.132

194

171

0

Financial income

 

 

27.363

15.827

 

 

 

 

Financial expenses

 

 

9.242

194

 

 

 

 

Other revenues

 

 

1

623

1.943

168

Other expenses

 

 

863

69

230

0

Total revenues

 

 

5.305.746

6.434.072

2.582.467

 

 

Total costs

 

 

4.152.728

4.939.892

2.247.033

 

 

Total business result

 

 

1.153.018

1.494.180

335.434

 

 

Tax on profit

 

 

0

124.422

59.561

8.271

Deferred taxs

 

 

0

0

0

0

Net business result for the accounting period

 

 

1.153.018

1.369.758

275.873

28.943

 

Financial Ratios

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name

Ref.

31/12/2012

31/12/2011

31/12/2010

31/12/2009

 

Equity ratio

1

0,06

0,07

0,01

0,01

 

Cleared equity ratio

2

0,06

0,07

0,01

0,01

 

Current liquidity

3

6,77

7,39

1,68

1,19

 

Quick liquidity

4

3,73

4,48

1,11

1,19

 

Working capital

5

2440900,00

2068059,00

540956,00

117196,00

 

Gearing

6

16,39

14,04

172,34

101,15

 

Cleared gearing

7

0,61

0,71

0,00

0,00

 

Profitability

8

21,73

23,22

12,99

 

 

 

Operating profitability

9

21,73

21,29

10,68

 

 

 

Stock days

10

88,32

53,33

63,93

 

 

 

Debtor days

11

47,40

16,13

26,52

 

 

 

Supplier days

12

27,57

18,37

112,46

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.49

UK Pound

1

Rs.86.01

Euro

1

Rs.73.68

 

INFORMATION DETAILS

 

Report Prepared by :

SMN

 

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.