|
Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MITAS A.S. |
|
|
|
|
Registered Office : |
Svehlova 1900/3 106 00 Praha 10 |
|
|
|
|
Country : |
Czech Republic |
|
|
|
|
Financials (as on) : |
31.01.2012 |
|
|
|
|
Date of Incorporation : |
15.01.1991 |
|
|
|
|
Com. Reg. No.: |
B 497 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Manufacture of rubber tyres and tubes |
|
|
|
|
No. of Employees : |
2500 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 |
|
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) |
|
Czech Republic |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CZECH REPUBLIC - ECONOMIC OVERVIEW
The Czech Republic is a stable and prosperous market economy
closely integrated with the EU, especially since the country''s EU accession in
2004. While the conservative, inward-looking Czech financial system has
remained relatively healthy, the small, open, export-driven Czech economy
remains sensitive to changes in the economic performance of its main export
markets, especially Germany. When Western Europe and Germany fell into
recession in late 2008, demand for Czech goods plunged, leading to double digit
drops in industrial production and exports. As a result, real GDP fell 4.7% in
2009, with most of the decline occurring during the first quarter. Real GDP,
however, slowly recovered with positive quarter-on-quarter growth starting in
the second half of 2009 and continuing throughout 2011. In 2012, however, the economy
fell into a recession due to a slump in external demand. The auto industry
remains the largest single industry, and, together with its upstream suppliers,
accounts for nearly 24% of Czech manufacturing. The Czech Republic produced
more than a million cars for the first time in 2010, over 80% of which were
exported. Foreign and domestic businesses alike voice concerns about corruption
especially in public procurement. Other long term challenges include dealing
with a rapidly aging population, funding an unsustainable pension and health
care system, and diversifying away from manufacturing and toward a more
high-tech, services-based, knowledge economy.
Source
: CIA
MITAS a.s.
Svehlova 1900/3
106 00 Praha 10
telephone: 00420/ 267 111 522
telefax: 00420/ 271 750 214
e-mail: business@mitas.cgs.cz
Web: www.mitas.cz
|
Company development |
Constant business development |
|
|
Order situation |
Good order situation |
|
|
Terms of payment |
mostly no complaints, but occasional delays / reminders |
|
|
Business connection |
Business connections appear permissible |
|
|
|
||
|
Legal form |
Public limited company |
|
|
Foundation |
15/01/1991 - Public limited company |
|
Comp. Register |
15/01/1991, Městský soud v Praze, RegNr.:
B 497 |
|
Share Capital |
15/01/1991 |
CZK |
741 591 000,- |
|
|
|
14/08/1992 |
CZK |
1 254 484 000,- |
|
|
|
01/12/1998 |
CZK |
1 460 384 000,- |
|
|
|
|
14.603.840 pc of registered shares |
||||
|
Main Shareholder
|
ČGS HOLDING
a.s. (Statistical number: 24811742) |
% |
100 |
|
|
|
Board of
Directors |
JUDr. Jaroslav
Čechura (10.07.1953) |
||||
|
|
Andrew Mabin (01.10.1955) |
|
|
Ing. Josef
Křemeček (11.09.1968) |
|
Supervisory
Board |
Ing. Michaela
Soukupová (23.12.1964) |
|
|
ing.
Oldřich Šlemr (11.03.1964) |
|
|
Ing. Tomáš
Němec (29.03.1958) |
|
General Data |
Manufacture of off-road tyres (i.e. tyres
for heavy lorries, building |
|
|
Main activity: |
|
|
|
|
Trade name(s) |
||
|
|
Export: |
90% |
|
|
|
General
contacts: |
||
|
|
Address: |
|
|
Švehlova 1900, 106 25 Praha 10 |
|
|
Švehlova 1900, 100 00 Praha 10 |
|
|
Komarovova 1900, 100 00 Praha 10 |
|
|
Branches of the
business: |
|
|
výrobní úsek Otrokovice |
|
Staff |
2007 |
2246 employees |
|
|
2008 |
2124 employees |
|
|
2009 |
2253 employees |
|
|
2010 |
2350 employees |
|
|
2011 |
2476 employees |
|
|
2013 |
2500 employees |
|
Annual Sales |
2005 |
actual sales |
CZK |
7 258 512 000,-
|
|
|
|
2006 |
actual sales |
CZK |
7 492 675 000,-
|
|
|
|
2007 |
actual sales |
CZK |
7 374 479 000,-
|
|
|
|
2008 |
actual sales |
CZK |
7 389 706 000,-
|
|
|
|
2009 |
actual sales |
CZK |
5 758 485 000,-
|
|
|
|
2010 |
actual sales |
CZK |
7 339 742 000,-
|
|
|
|
2011 |
actual sales |
CZK |
9 791 988 000,-
|
|
|
|
2012 |
actual sales |
CZK |
10 150 000 000,-
|
|
|
Property |
Property of the company: plant building |
|
|
as well as further real assets |
|
Balance sheets |
The enclosed balance of 2012 from business
register, it is authenticated by the auditor. (01.02.2012 - 1 CZK) |
|
|
The enclosed profit/loss account of 2012
from business register, it is authenticated by the auditor. (01.02.2012 - 1
CZK) |
|
|
The enclosed balance of 2012 from business
register, it is authenticated by the auditor. (31.01.2012 - 1 CZK) |
|
|
The enclosed profit/loss account of 2012
from business register, it is authenticated by the auditor. (31.01.2012 - 1
CZK) |
|
|
The enclosed profit/loss account of 2011
from business register, -. (31.12.2011 - 1 CZK) |
|
|
The enclosed balance of 2011 from business
register, -. (31.12.2011 - 1 CZK) |
|
Remarks |
The company is a
holder of ISO 9001, ISO 14001 and ISO/TS 16949 |
|
|
The company is a part of the holding
ČGS. |
|
Bankers |
Komerční banka, a.s. |
(0100) |
|
|
balance |
31.12.2009 (CZK)
|
31.12.2010 (CZK)
|
31.12.2011 (CZK)
|
31.01.2012 (CZK)
|
|
r1 |
TOTAL ASSETS |
5 655 561 000 |
5 870 908 000 |
6 482 096 000 |
6 524 151 000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed assets |
2 666 697 000 |
2 669 493 000 |
2 735 825 000 |
2 715 200 000 |
|
r4 |
Intangible fixed assets |
88 451 000 |
7 331 000 |
12 298 000 |
9 274 000 |
|
r5 |
Incorporation expenses |
|
|
0 |
|
|
r6 |
Research and development |
|
|
0 |
|
|
r7 |
Software |
7 164 000
|
4 946 000
|
4 557 000
|
4 283 000
|
|
r8 |
Valuable rights |
75 711 000
|
|
0 |
|
|
r9 |
Goodwill |
|
|
0 |
|
|
r10 |
Other intangible fixed assets |
5 576 000
|
64 000 |
7 665 000
|
4 915 000
|
|
r11 |
Intangible fixed assets under construction |
|
2 321 000
|
76 000 |
76 000 |
|
r12 |
Advance payments for intangible fixed assets |
|
|
0 |
|
|
r13 |
Tangible fixed assets |
2 399 760 000 |
2 214 371 000 |
2 033 764 000 |
2 018 012 000 |
|
r14 |
Lands |
351 743 000
|
360 428 000
|
360 428 000
|
361 436 000
|
|
r15 |
Constructions |
817 498 000
|
836 822 000
|
824 427 000
|
826 072 000
|
|
r16 |
Equipment |
1 155 569 000
|
956 520 000
|
778 935 000
|
757 989 000
|
|
r17 |
Perennial corps |
|
|
0 |
|
|
r18 |
Breeding and draught animals |
|
|
0 |
|
|
r19 |
Other tangible fixed assets |
343 000 |
499 000 |
428 000 |
422 000 |
|
r20 |
Tangible fixed assets under construction |
74 607 000
|
60 102 000
|
69 546 000
|
72 093 000
|
|
r21 |
Advance payments for tangible fixed assets |
|
|
0 |
|
|
r22 |
Adjustment to acquired assets |
|
|
0 |
|
|
r23 |
Long-term financial assets |
178 486 000 |
447 791 000 |
689 763 000 |
687 914 000 |
|
r24 |
Shares in controlled and managed organizations |
177 696 000
|
445 883 000
|
506 859 000
|
509 262 000
|
|
r25 |
Shares in accounting units with substantial influence |
765 000 |
1 757 000
|
182 879 000
|
178 505 000
|
|
r26 |
Other securities and shares |
25 000 |
151 000 |
25 000 |
147 000 |
|
r27 |
Loans to controlled and managed organizations and to accounting unit
with substantial influence |
|
|
0 |
|
|
r28 |
Other financial investments |
|
|
0 |
|
|
r29 |
Financial investments acquired |
|
|
0 |
|
|
r30 |
Advance payments for long-term financial assets |
|
|
0 |
|
|
r31 |
Current assets |
2 922 980 000 |
3 182 409 000 |
3 733 661 000 |
3 775 987 000 |
|
r32 |
Inventory |
803 180 000 |
785 061 000 |
929 580 000 |
973 261 000 |
|
r33 |
Materials |
318 379 000
|
278 110 000
|
321 097 000
|
306 291 000
|
|
r34 |
Work in progress and semi-products |
77 035 000
|
118 388 000
|
122 331 000
|
156 260 000
|
|
r35 |
Finished products |
390 422 000
|
368 731 000
|
461 423 000
|
481 900 000
|
|
r36 |
Animals |
|
|
0 |
|
|
r37 |
Merchandise |
17 344 000
|
19 832 000
|
24 729 000
|
28 810 000
|
|
r38 |
Advance payments for inventory |
|
|
0 |
|
|
r39 |
Long-term receivables |
0 |
0 |
0 |
0 |
|
r40 |
Trade receivables |
|
|
0 |
|
|
r41 |
Receivables from controlled and managed organizations |
|
|
0 |
|
|
r42 |
Receivables from accounting units with substantial influence |
|
|
0 |
|
|
r43 |
Receivables from partners, cooperative members and association members
|
|
|
0 |
|
|
r44 |
Long-term deposits given |
|
|
0 |
|
|
r45 |
Estimated receivable |
|
|
0 |
|
|
r46 |
Other receivables |
|
|
0 |
|
|
r47 |
Deferred tax receivable |
|
|
0 |
|
|
r48 |
Short-term receivables |
2 109 888 000 |
2 384 077 000 |
2 788 900 000 |
2 728 656 000 |
|
r49 |
Trade receivables |
1 124 974 000
|
1 552 424 000
|
2 099 017 000
|
2 136 069 000
|
|
r50 |
Receivables from controlled and managed organizations |
931 749 000
|
715 583 000
|
310 333 000
|
245 377 000
|
|
r51 |
Receivables from accounting units with substantial influence |
|
|
0 |
|
|
r52 |
Receivables from partners, cooperative members and association members
|
|
|
0 |
|
|
r53 |
Receivables from social security and health insurance |
|
|
0 |
|
|
r54 |
Due from state - tax receivable |
47 559 000
|
76 960 000
|
110 056 000
|
101 380 000
|
|
r55 |
Short-term deposits given |
843 000 |
391 000 |
12 099 000
|
7 745 000
|
|
r56 |
Estimated receivable |
2 138 000
|
42 020 000
|
249 064 000
|
232 877 000
|
|
r57 |
Other receivables |
2 625 000
|
-3 301 000
|
8 331 000
|
5 208 000
|
|
r58 |
Short-term financial assets |
9 912 000 |
13 271 000 |
15 181 000 |
74 070 000 |
|
r59 |
Cash |
828 000 |
739 000 |
520 000 |
985 000 |
|
r60 |
Bank accounts |
9 084 000
|
12 532 000
|
14 661 000
|
73 085 000
|
|
r61 |
Short-term securities and ownership interests |
|
|
0 |
|
|
r62 |
Short-term financial assets acquired |
|
|
0 |
|
|
r63 |
Accruals |
65 884 000 |
19 006 000 |
12 610 000 |
32 964 000 |
|
r64 |
Deferred expenses |
19 254 000
|
13 561 000
|
12 586 000
|
32 903 000
|
|
r65 |
Complex deferred costs |
|
|
0 |
|
|
r66 |
Deferred income |
46 630 000
|
5 445 000
|
24 000 |
61 000 |
|
r67 |
TOTAL LIABILITIES |
5 655 561 000 |
5 870 908 000 |
6 482 096 000 |
6 524 151 000 |
|
r68 |
Equity |
2 643 838 000 |
2 792 620 000 |
2 567 190 000 |
2 692 268 000 |
|
r69 |
Registered capital |
1 460 384 000 |
1 460 384 000 |
1 460 384 000 |
1 460 384 000 |
|
r70 |
Registered capital |
1 460 384 000
|
1 460 384 000
|
1 460 384 000
|
1 460 384 000
|
|
r71 |
Company’s own shares and ownership interests (-) |
|
|
0 |
|
|
r72 |
Changes of registered capital ( +/- ) |
|
|
0 |
|
|
r73 |
Capital funds |
12 543 000 |
77 719 000 |
-173 778 000 |
-75 726 000 |
|
r74 |
Share premium |
|
|
0 |
|
|
r75 |
Other capital funds |
42 767 000
|
42 766 000
|
42 766 000
|
47 565 000
|
|
r76 |
Differences from revaluation of assets and liabilities ( +/- ) |
-30 224 000
|
34 953 000
|
-216 544 000
|
-123 291 000
|
|
r77 |
Differences from revaluation in transformation ( +/- ) |
|
|
0 |
|
|
r78 |
Reserve funds, statutory reserve account for cooperatives, and other
retained earnings |
292 077 000 |
292 077 000 |
292 077 000 |
292 077 000 |
|
r79 |
Legal reserve fund / indivisible fund |
292 077 000
|
292 077 000
|
292 077 000
|
292 077 000
|
|
r80 |
Statutory and other funds |
|
|
0 |
|
|
r81 |
Profit / loss - previous years |
714 503 000 |
879 331 000 |
806 954 000 |
988 158 000 |
|
r82 |
Retained earnings from previous years |
714 503 000
|
879 331 000
|
806 954 000
|
988 158 000
|
|
r83 |
Accumulated losses from previous years |
|
|
0 |
|
|
r84 |
Profit / loss - current year (+/-) |
164 331 000 |
83 109 000 |
181 553 000 |
27 375 000 |
|
r85 |
Liabilities |
2 982 946 000 |
3 047 121 000 |
3 879 913 000 |
3 738 275 000 |
|
r86 |
Reserves |
14 696 000 |
11 000 000 |
17 200 000 |
27 207 000 |
|
r87 |
Reserves under special statutory regulations |
|
|
0 |
|
|
r88 |
Reserves for pension and similar payables |
|
|
0 |
|
|
r89 |
Income tax reserves |
|
8 000 000
|
14 200 000
|
14 200 000
|
|
r90 |
Other reserves |
14 696 000
|
3 000 000
|
3 000 000
|
13 007 000
|
|
r91 |
Long-term payables |
115 285 000 |
108 004 000 |
101 848 000 |
116 392 000 |
|
r92 |
Trade payables |
|
|
0 |
|
|
r93 |
Payables to controlled and managed organizations |
|
|
0 |
|
|
r94 |
Payables to accounting units with substantial influence |
|
|
0 |
|
|
r95 |
Payables from partners, cooperative members and association members |
|
|
0 |
|
|
r96 |
Long-term advances received |
|
|
0 |
|
|
r97 |
Issues bonds |
|
|
0 |
|
|
r98 |
Long-term notes payables |
|
|
0 |
|
|
r99 |
Estimated payables |
|
|
0 |
|
|
r100 |
Other payables |
|
|
0 |
|
|
r101 |
Deferred tax liability |
115 285 000
|
108 004 000
|
101 848 000
|
116 392 000
|
|
r102 |
Short-term payables |
1 119 270 000 |
1 636 737 000 |
2 056 865 000 |
2 035 051 000 |
|
r103 |
Trade payables |
842 516 000
|
1 200 623 000
|
1 384 204 000
|
1 430 647 000
|
|
r104 |
Payables to controlled and managed organizations |
|
232 524 000
|
205 563 000
|
205 407 000
|
|
r105 |
Payables to accounting units with substantial influence |
|
|
0 |
|
|
r106 |
Payables from partners, cooperative members and association members |
|
|
0 |
|
|
r107 |
Payroll |
39 451 000
|
46 018 000
|
47 113 000
|
47 869 000
|
|
r108 |
Payables to social securities and health insurance |
21 088 000
|
25 967 000
|
26 576 000
|
27 223 000
|
|
r109 |
Due from state - tax liabilities and subsidies |
19 445 000
|
16 812 000
|
18 087 000
|
13 350 000
|
|
r110 |
Short-term deposits received |
15 866 000
|
27 943 000
|
30 461 000
|
24 629 000
|
|
r111 |
Issues bonds |
|
|
0 |
|
|
r112 |
Estimated payables |
82 502 000
|
34 782 000
|
60 740 000
|
87 766 000
|
|
r113 |
Other payables |
98 402 000
|
52 068 000
|
284 121 000
|
198 160 000
|
|
r114 |
Bank loans and financial accommodations |
1 733 695 000 |
1 291 380 000 |
1 704 000 000 |
1 559 625 000 |
|
r115 |
Long-term bank loans |
225 000 000
|
0 |
0 |
0 |
|
r116 |
Short-term bank loans |
1 508 695 000
|
1 291 380 000
|
1 704 000 000
|
1 559 625 000
|
|
r117 |
Short-term accommodations |
0 |
0 |
0 |
0 |
|
r118 |
Accruals |
28 777 000 |
31 167 000 |
34 993 000 |
93 608 000 |
|
r119 |
Accrued expenses |
28 777 000
|
31 167 000
|
34 993 000
|
93 608 000
|
|
r120 |
Deferred revenues |
|
|
0 |
|
|
|
profit/loss account |
31.12.2009 (CZK)
|
31.12.2010 (CZK)
|
31.12.2011 (CZK)
|
31.01.2012 (CZK)
|
|
a1 |
Turnover |
5 758 485 000 |
7 339 742 000 |
9 791 988 000 |
862 331 000 |
|
a2 |
Revenues from sold goods |
266 424 000
|
573 056 000
|
872 105 000
|
63 436 000
|
|
a3 |
Expenses on sold goods |
252 090 000
|
542 071 000
|
770 494 000
|
53 489 000
|
|
a4 |
Sale margin |
14 334 000 |
30 985 000 |
101 611 000 |
9 947 000 |
|
a5 |
Production |
5 404 024 000 |
6 800 888 000 |
9 033 923 000 |
855 056 000 |
|
a6 |
Revenues from own products and services |
5 492 061 000
|
6 766 686 000
|
8 919 883 000
|
798 895 000
|
|
a7 |
Change in inventory of own products |
-98 283 000
|
19 761 000
|
97 171 000
|
54 905 000
|
|
a8 |
Capitalization |
10 246 000
|
14 441 000
|
16 869 000
|
1 256 000
|
|
a9 |
Production consumption |
3 714 725 000 |
5 172 498 000 |
7 404 110 000 |
643 135 000 |
|
a10 |
Consumption of material and energy |
2 808 100 000
|
4 191 534 000
|
6 230 042 000
|
546 676 000
|
|
a11 |
Services |
906 625 000
|
980 964 000
|
1 174 068 000
|
96 459 000
|
|
a12 |
Added value |
1 703 633 000 |
1 659 375 000 |
1 731 424 000 |
221 868 000 |
|
a13 |
Personnel expenses |
852 605 000 |
942 284 000 |
1 088 109 000 |
83 443 000 |
|
a14 |
Wages and salaries |
624 524 000
|
679 220 000
|
782 867 000
|
60 341 000
|
|
a15 |
Renumeration of board members |
|
|
0 |
|
|
a16 |
Social security expenses and health insurance |
200 632 000
|
229 086 000
|
265 197 000
|
20 547 000
|
|
a17 |
Other social expenses |
27 449 000
|
33 978 000
|
40 045 000
|
2 555 000
|
|
a18 |
Taxes and fees |
5 184 000
|
7 454 000
|
7 675 000
|
314 000 |
|
a19 |
Depreciations of intangible and tangible assets |
472 573 000
|
427 583 000
|
310 210 000
|
23 376 000
|
|
a20 |
Revenues from disposals of fixed assets and materials |
509 234 000 |
798 351 000 |
729 091 000 |
65 100 000 |
|
a21 |
Revenues from disposals of fixed assets |
46 887 000
|
15 607 000
|
4 574 000
|
67 000 |
|
a22 |
Revenues from disposals of materials |
462 347 000
|
782 744 000
|
724 517 000
|
65 033 000
|
|
a23 |
Net book value of disposed fixed assets and materials |
494 139 000 |
790 806 000 |
722 860 000 |
70 651 000 |
|
a24 |
Net book value of sold fixed assets |
46 204 000
|
11 295 000
|
3 715 000
|
|
|
a25 |
Net book value of sold material |
447 935 000
|
779 511 000
|
719 145 000
|
70 651 000
|
|
a26 |
Change in operating reserves and adjustments and complex deferred
costs ( + / - ) |
-6 319 000
|
-1 203 000
|
2 773 000
|
12 577 000
|
|
a27 |
Other operating revenues |
47 664 000
|
37 239 000
|
43 913 000
|
4 895 000
|
|
a28 |
Other operating expenses |
47 812 000
|
38 454 000
|
83 359 000
|
4 774 000
|
|
a31 |
Operating profit / loss |
394 537 000 |
289 587 000 |
289 442 000 |
96 728 000 |
|
a34 |
Revenues from long-term financial assets |
|
|
0 |
|
|
a43 |
Interest revenues |
30 071 000
|
19 068 000
|
|
875 000 |
|
a44 |
Interest expenses |
84 097 000
|
68 428 000
|
9 068 000
|
4 766 000
|
|
a45 |
Other financial revenues |
141 083 000
|
147 773 000
|
|
1 237 000
|
|
a46 |
Other financial expenses |
316 805 000
|
303 595 000
|
|
52 269 000
|
|
a49 |
Profit / loss from financial operations ( transactions ) |
-229 748 000 |
-205 182 000 |
-99 596 000 |
-54 923 000 |
|
a50 |
Income tax on ordinary income |
458 000 |
1 296 000 |
|
14 430 000 |
|
a51 |
Due tax |
22 509 000
|
8 577 000
|
|
|
|
a52 |
Tax deferred |
-22 051 000
|
-7 281 000
|
|
14 430 000
|
|
a53 |
Operating profit / loss ordinary activity |
164 331 000 |
83 109 000 |
181 553 000 |
27 375 000 |
|
a59 |
Operating profit / loss extraordinary activity |
0 |
0 |
0 |
0 |
|
a60 |
Transfer profit ( loss ) to partners (+/-) |
|
|
0 |
|
|
a61 |
Profit / loss of current accounting period (+/-) |
164 331 000 |
83 109 000 |
181 553 000 |
27 375 000 |
|
a62 |
Profit / loss before tax (+/-) |
164 789 000 |
84 405 000 |
189 846 000 |
41 805 000 |
|
|
Operating cash flow |
629 427 000 |
372 555 000 |
95 934 000 |
-3 587 000 |
|
|
Investment cash flow |
-653 513 000 |
-144 196 000 |
60 797 000 |
62 476 000 |
|
|
Financial cash flow |
-200 000 000 |
-225 000 000 |
-154 821 000 |
0 |
|
|
Receivables after due date total |
55 297 000 |
64 024 000 |
81 657 000 |
135 598 000 |
|
|
Receivables more than 180 days after due date |
7 709 000
|
7 454 000
|
8 052 000
|
7 750 000
|
|
|
Liabilities after due date total |
69 770 000 |
50 069 000 |
44 871 000 |
74 480 000 |
|
|
Liabilities more than 180 days after due date |
0 |
879 000 |
197 000 |
6 000 |
|
Balance indices |
|
31.12.2009 |
31.12.2010 |
31.12.2011 |
31.01.2012 |
|
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
2,91 |
1,44 |
2,93 |
0,64 |
|
|
Return on equity ROE (in %) |
a62/r68 * 100 |
6,23 |
3,02 |
7,40 |
1,55 |
|
|
Return on sales ROS (in %) |
a62/a1 * 100 |
2,86 |
1,15 |
1,94 |
4,85 |
|
|
Turnover of receivables (in days) |
r49/a1 * 365 |
71,31 |
77,20 |
78,24 |
904,14 |
|
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
53,40 |
59,71 |
51,60 |
605,55 |
|
|
Turnover of inventories (days) |
r32/a1 * 365 |
50,91 |
39,04 |
34,65 |
411,95 |
|
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
295 015,00 |
254 292,00 |
-27 204,00 |
181 311,00 |
|
|
Ratio of accounts payable to accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
170,90 |
136,64 |
129,19 |
126,83 |
|
|
Ratio of profit/loss to tangible assets (in%) |
r3 / a1 * 100 |
46,31 |
36,37 |
27,94 |
314,87 |
|
|
Current ratio |
r31 / (r102+r116+r117) |
1,11 |
1,09 |
0,99 |
1,05 |
|
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
0,81 |
0,82 |
0,75 |
0,78 |
|
|
Cash ratio |
r58 / (r102+r116+r117) |
0,00 |
0,00 |
0,00 |
0,02 |
|
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
53,25 |
52,43 |
60,40 |
58,73 |
|
|
Debt ratio II (in %) |
r85/r67 * 100 |
52,74 |
51,90 |
59,86 |
57,30 |
|
|
|
balance |
01.02.2012 (CZK)
|
|
|
|
|
|
r1 |
TOTAL ASSETS |
6 526 042 000 |
|
|
|
|
|
r2 |
Receivables for subscriptions |
0 |
|
|
|
|
|
r3 |
Fixed assets |
2 717 091 000 |
|
|
|
|
|
r4 |
Intangible fixed assets |
9 275 000 |
|
|
|
|
|
r7 |
Software |
4 284 000
|
|
|
|
|
|
r10 |
Other intangible fixed assets |
4 915 000
|
|
|
|
|
|
r11 |
Intangible fixed assets under construction |
76 000 |
|
|
|
|
|
r13 |
Tangible fixed assets |
2 019 902 000 |
|
|
|
|
|
r14 |
Lands |
361 616 000
|
|
|
|
|
|
r15 |
Constructions |
827 782 000
|
|
|
|
|
|
r16 |
Equipment |
757 989 000
|
|
|
|
|
|
r19 |
Other tangible fixed assets |
422 000 |
|
|
|
|
|
r20 |
Tangible fixed assets under construction |
72 093 000
|
|
|
|
|
|
r23 |
Long-term financial assets |
687 914 000 |
|
|
|
|
|
r24 |
Shares in controlled and managed organizations |
509 262 000
|
|
|
|
|
|
r25 |
Shares in accounting units with substantial influence |
178 505 000
|
|
|
|
|
|
r26 |
Other securities and shares |
147 000 |
|
|
|
|
|
r31 |
Current assets |
3 775 987 000 |
|
|
|
|
|
r32 |
Inventory |
973 261 000 |
|
|
|
|
|
r33 |
Materials |
306 291 000
|
|
|
|
|
|
r34 |
Work in progress and semi-products |
156 260 000
|
|
|
|
|
|
r35 |
Finished products |
481 900 000
|
|
|
|
|
|
r37 |
Merchandise |
28 810 000
|
|
|
|
|
|
r39 |
Long-term receivables |
0 |
|
|
|
|
|
r48 |
Short-term receivables |
2 728 656 000 |
|
|
|
|
|
r49 |
Trade receivables |
2 136 069 000
|
|
|
|
|
|
r50 |
Receivables from controlled and managed organizations |
245 377 000
|
|
|
|
|
|
r54 |
Due from state - tax receivable |
101 380 000
|
|
|
|
|
|
r55 |
Short-term deposits given |
7 745 000
|
|
|
|
|
|
r56 |
Estimated receivable |
232 877 000
|
|
|
|
|
|
r57 |
Other receivables |
5 208 000
|
|
|
|
|
|
r58 |
Short-term financial assets |
74 070 000 |
|
|
|
|
|
r59 |
Cash |
985 000 |
|
|
|
|
|
r60 |
Bank accounts |
73 085 000
|
|
|
|
|
|
r63 |
Accruals |
32 964 000 |
|
|
|
|
|
r64 |
Deferred expenses |
32 903 000
|
|
|
|
|
|
r66 |
Deferred income |
61 000 |
|
|
|
|
|
r67 |
TOTAL LIABILITIES |
6 526 042 000 |
|
|
|
|
|
r68 |
Equity |
2 694 104 000 |
|
|
|
|
|
r69 |
Registered capital |
1 460 384 000 |
|
|
|
|
|
r70 |
Registered capital |
1 460 384 000
|
|
|
|
|
|
r73 |
Capital funds |
-73 835 000 |
|
|
|
|
|
r75 |
Other capital funds |
49 456 000
|
|
|
|
|
|
r76 |
Differences from revaluation of assets and liabilities ( +/- ) |
-123 291 000
|
|
|
|
|
|
r78 |
Reserve funds, statutory reserve account for cooperatives, and other
retained earnings |
292 077 000 |
|
|
|
|
|
r79 |
Legal reserve fund / indivisible fund |
292 077 000
|
|
|
|
|
|
r81 |
Profit / loss - previous years |
1 015 478 000 |
|
|
|
|
|
r82 |
Retained earnings from previous years |
1 015 478 000
|
|
|
|
|
|
r85 |
Liabilities |
3 738 330 000 |
|
|
|
|
|
r86 |
Reserves |
27 207 000 |
|
|
|
|
|
r89 |
Income tax reserves |
14 200 000
|
|
|
|
|
|
r90 |
Other reserves |
13 007 000
|
|
|
|
|
|
r91 |
Long-term payables |
116 447 000 |
|
|
|
|
|
r101 |
Deferred tax liability |
116 447 000
|
|
|
|
|
|
r102 |
Short-term payables |
2 035 051 000 |
|
|
|
|
|
r103 |
Trade payables |
1 430 647 000
|
|
|
|
|
|
r104 |
Payables to controlled and managed organizations |
205 407 000
|
|
|
|
|
|
r107 |
Payroll |
47 869 000
|
|
|
|
|
|
r108 |
Payables to social securities and health insurance |
27 223 000
|
|
|
|
|
|
r109 |
Due from state - tax liabilities and subsidies |
13 350 000
|
|
|
|
|
|
r110 |
Short-term deposits received |
24 629 000
|
|
|
|
|
|
r112 |
Estimated payables |
87 766 000
|
|
|
|
|
|
r113 |
Other payables |
198 160 000
|
|
|
|
|
|
r114 |
Bank loans and financial accommodations |
1 559 625 000 |
|
|
|
|
|
r115 |
Long-term bank loans |
0 |
|
|
|
|
|
r116 |
Short-term bank loans |
1 559 625 000
|
|
|
|
|
|
r117 |
Short-term accommodations |
0 |
|
|
|
|
|
r118 |
Accruals |
93 608 000 |
|
|
|
|
|
r119 |
Accrued expenses |
93 608 000
|
|
|
|
|
|
r120 |
Deferred revenues |
0 |
|
|
|
|
|
|
profit/loss account |
01.02.2012 (CZK)
|
|
|
|
|
a1 |
Turnover |
0 |
|
|
|
|
|
|||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.27 |
|
|
1 |
Rs.91.16 |
|
Euro |
1 |
Rs.77.50 |
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.