|
Report Date : |
13.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
REWON SA |
|
|
|
|
Registered Office : |
ul. Brukowa 8, 91-341
Łódź |
|
|
|
|
Country : |
Poland |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.07.2001 |
|
|
|
|
Com. Reg. No.: |
29581 KRS |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Production of socks and children tights |
|
|
|
|
No. of Employees : |
Not available |
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 : |
Usually Correct |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Poland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Poland - ECONOMIC OVERVIEW
Poland has pursued a policy of
economic liberalization since 1990 and today stands out as a success story among
transition economies. It is the only country in the European Union to avoid a
recession through the 2008-09 economic downturn, although GDP per capita is
still much below the EU average. Since 2004, EU membership and access to EU
structural funds have provided a major boost to the economy. Unemployment has
been 2% more than the EU average. Inflation reached a low of about 2.6% in 2010
due to the global economic slowdown, but climbed to 4.3% in 2011. Poland's
economic performance could improve over the longer term if the country
addresses some of the remaining deficiencies in its road and rail
infrastructure and its business environment. An inefficient commercial court
system, a rigid labor code, bureaucratic red tape, burdensome tax system, and
persistent low-level corruption keep the private sector from performing up to
its full potential. Weak revenues, together with rising demands to fund
healthcare, education, and the state pension system caused the public sector
budget deficit to rise to 7.8% of GDP in 2010, but the PO/PSL coalition
government, which came to power in November 2007, took measures to shore up
public finances - including increasing contributions to the public pension
scheme at the expense of private pension funds - and reduced the deficit to
2.9% of GDP in 2011. For 2012 the coalition government has proposed further
deficit-reducing reforms and to fulfill its promise to enact business-friendly
reforms
|
Source : CIA |
Identification
details
Full name: REWON
SA
Stat.no. 471183895
Tax ID PL 7251020127
Reg.no. 29581
KRS
Registered address: ul.
Brukowa 8, 91-341 Łódź
Phone: 42
2723900
Fax: 42
2723927
E-mail: rewon@rewon.pl
Website: www.rewon.pl
Other locations no
Legal form Joint
Stock Company
Registration date: 19.07.2001
Activity since
27.11.1995
Age: 18
years
Shareholders PHIL
WON KOREA Ltd.
President Dariusz
Robert Jarosiński
Shares in other companies Exist
Employment 150
pers. (2011)
Net profit (PLN)
0,77 MLN (2011)
Gross margin 5,42
% (2011)
Total assets (PLN) 18,64
MLN (2011)
Equity (PLN) 11,32
MLN (2011)
Total liabilities (PLN)
7,32 MLN (2011)
Working capital (PLN)
1,15 MLN (2011)
|
Payment
Manner |
In
available sources, payment delays have not been noted |
|
Comments
on the evaluation |
We would like to draw your attention to: - long period of liabilities
repayment |
ISTRY DATA ^ go to top
Legal form Joint
Stock Company (6)
Stat.no. 471183895
Tax ID PL 7251020127
Establishment 27.11.1995
(6)
Registration: 19.07.2001,
District Court Łódź, XX Department, KRS 29581
Data concerning previous registrations:
01.12.1995, District Court Łódź,
RHB 5710
Production of socks and children tights
sector
code NACE 2007
(C.14.31.Z)
Branches
Manufacture of knitted and crocheted articles
|
Share Capital
PLN 4 158 000 |
|
|
Share
capital divided into 4158 shares of PLN 1 000,00 each |
|
|
An in-kind
contribution has been made and valued at |
PLN 3 597
000 |
|
Shareholders |
Shareholder |
Shares |
Value |
|
|
|
PHIL WON KOREA Ltd. Seul, 141 Hungin Jung, Korea, Republic of |
50.00% |
PLN |
2 079 000 |
|
|
Dariusz Robert Jarosihski PERSONAL ID NO. (PESEL) 67012101031 ul. Gotycka 7, 91
-520 Lodz |
44.71% |
PLN |
1 859 042 |
|
|
Maria Wisniewska-Jarosihska |
5.29% |
PLN |
219 958 |
|
Management |
|
Dariusz Robert Jarosihski
PERSONAL ID NO. (PESEL)
67012101031 ul. Gotycka 7, 91 -520 Lodz |
- president |
|
|
|
Seung Pil Kim 1803 RMI Samsungapt 106
Dong 155 Jun Nong Dong-Dong Dea Moon Ku, Seul, Korea, Republic of |
- vice president |
|
Representation: |
Each member of the management
board individually. In the case of sale agreements and sale of production
machines, sale of vehicles and credit agreements, it is required the
representation of two members of the board or one member of the board and a
proxy jointly. |
||
Supervisory board,
|
Norbert Jerzy Jarosihski PERSONAL ID NO. (PESEL)
79071000675 |
|
Marianna Rejkowska PERSONAL ID NO. (PESEL)
40041403 161 |
|
Danuta Dojnik PERSONAL ID NO. (PESEL)
471 10100969 |
|
Sung Ho Yoo Korea, Republic of |
|
Joung Hee Song |
|
Won Jae Lee |
|
Shares in
other companies |
|
REKO MARIANNA REJKOWSKA sp. k. ul. Brukowa 8, 91 -341 Lodz |
Comandite sum: PLN 100
000,00 |
|
|
Data concerning shares in other companies are valid as at:
18.02.2013. |
||
Connections:
|
Dariusz
Robert Jarosihski |
|
|
NIP 9471072104 ul. Brukowa 8, 91 -341 Lodz |
• shareholder:
PLN 2 876 500,00 • president |
|
NIP 9471947488 ul. Brukowa 8, 91 -341 Lodz |
•
president |
|
NIP 7251958075 ul. Wigury 19, 90-302 Lodz |
• member
of board of directors |
|
"CENTRUM MEDYCZNE - SZPITAL SWIETEJ RODZINY"
sp. z o.o. NIP 7251958081 ul. Wigury 19, 90-302 Lodz |
• vice
president |
|
Marianna
Rejkowska |
|
|
NIP 9471947488 ul. Brukowa 8, 91 -341 Lodz |
• member of board of directors |
|
REKO MARIANNA REJKOWSKA sp. k. ul. Brukowa 8, 91 -341 Lodz |
•general partner • member of representation unit |
|
Joung Hee Song |
|
|
Won Jae Lee |
|
|
Maria Wisniewska-Jarosihska |
|
|
Sung Ho Yoo |
|
|
Seung Pil Kim |
|
|
Connections have not been determined due to no possibility of
identification of |
|
|
the persons or subjects which appear in the company. |
|
|
Data concerning connections are valid at 18.02.2013. |
|
(Recent years)
|
|
201 1 |
y/y |
2010 |
y/y |
2009 |
y/y |
2008 |
|
Employment |
150 |
(-10%) |
166 |
(+12%) |
148 |
(-27%) |
204 |
Sector financial
data – unconsolidated (ths.)
|
|
01.01.2011 - 31.12.2011 |
y/y |
01.01.2010 - 31.12.2010 |
y/y |
01.01.2009 - 31.12.2009 |
y/y |
01.01.2008 - 31.12.2008 |
|
Net sales |
13 983 |
(+1%) |
13 786 |
(+20%) |
1 1 426 |
(-38%) |
18 601 |
|
Net profit |
769 |
(+37%) |
561 |
(-16%) |
669 |
(+37%) |
488 |
|
EBITDA |
2 040 |
(+6%) |
1 918 |
(+13%) |
1 688 |
(+3%) |
1 636 |
|
EBITDA in
% |
14,59% |
(+4%) |
13,91% |
(-5%) |
14,77% |
(+67%) |
8,80% |
|
Total
assets |
18 639 |
(+10%) |
16 873 |
(+9%) |
15 434 |
(-13%) |
17 802 |
|
Equity |
1 1 317 |
(+7%) |
10 548 |
(+5%) |
9 987 |
(+7%) |
9 318 |
|
Total
liabilities |
7 322 |
(+15%) |
6 325 |
(+16%) |
5 447 |
(-35%) |
8 484 |
|
Working
capital |
890 |
(-17%) |
1 085 |
(+40%) |
772 |
(-5%) |
818 |
Locations: ul. Brukowa 8, 91-341 Łódź
(seat)
Phone: 42
2723900
Fax: 42
2723927
E-mail: m.kasinska@rewon.pl
Website: www.rewon.pl
ITIONAL
|
ul. Brukowa 8, 91-341
todz (co-ownership) built-up plot no. 56/10,
of area 2 708 sq.m. (Land and Mortgage Register LDIM/ 00141250/1) |
|
|
|
(ownership) plot no. 56/12, of area
925 sq.m. (Land and Mortgage Register LD IM/00141251/8) |
||
|
Book value of buildings as
at 3 1. 12.201 I |
PLN |
I 409 950 |
|
Book value of lands as at
31.12.201 I |
PLN |
532 981 |
|
Verification of
information on real estate ownership position through the Real Estate
Register is not covered by the standard report. |
||
Certificates: ISO 9001:2008
General information The
company is a member of the Cotton Chamber (Izba Bawełny) in Gdynia
(Gdynia
Cotton Association).
The company repeatedly benefited
from the financial support of the European Union, among others it obtained a
certificate of quality and increase of the export sales. The subject has not
decided to cooperate in elaboration of this report yet.
If we obtain any further
information, we will send it in the.
Banks Bank Polska Kasa Opieki SA
VIII O. w Łodzi (12403419)
ul. Brukowa 6, 91-341
Łódź
Acc.no.
88124034191111000035571665
FINANCIAL ANALYSIS ^ go to top
LIQUIDITY COMPANY
SECTOR (C.14.31.Z)
01.01.2011- 01.01.2010- 01.01.2009- 01.01.2008- 2011 2010 2009
2008
31.12.2011 31.12.2010
31.12.2009. 31.12.2008.
Current ratio (CR)
current assets
current liabilities 1,18
1,90 1,46 1,70
1,56 1,64
1,59 1,68
Quick ratio (QR)
curr.assets
-inventories-prepaym.
current liabilities 0,60
1,20 0,49 0,71
0,79 0,92 0,89
0,92
Cash Ratio
cash
current liabilities 0,09
0,07 0,08 0,27
0,15 0,22 0,13
0,12
PROFITABILITY COMPANY
SECTOR
(C.14.31.Z)
01.01.2011-
01.01.2010- 01.01.2009-
01.01.2008- 2011 2010
2009 2008
31.12.2011
31.12.2010 31.12.2009 31.12.2008
Return on sale (ROS)
net profit
turnover 5,50 3,94 4,83
2,99 7,02 6,72 6,18 6,41
Return on assets (ROA)
net profit
total assets 4,13
3,32 4,34
2,74 7,46 7,25 6,75 7,10
Return on equity (ROE)
net profit
equity 6,79
5,32 6,70 5,24
14,21 13,96 13,26
13,61
Effectiveness ratios company
sector
(C.14.31.Z)
|
|
01.01.201 131.12.201 1 |
01.01.201031.12.2010 |
01.01.200931.12.2009 |
01.01.200831.12.2008 |
201 1 |
2010 |
2009 |
2008 |
|
Debt collection period (days) short-term receivables x number of days net sales |
57 * |
44 ■► |
50 ■+• |
50 * |
81 |
81 |
88 |
86 |
|
Stock turnover (days) stocks x days turnover |
94 ■► |
87 % |
1 15 % |
165 * |
96 |
82 |
8C |
82 |
|
DEBT RATIOS |
COMPANY |
SECTOR (C.I4.3I.Z) |
||||||
|
01.01.201131.12.2011 |
01.01.201031.12.2010 |
01.01.200931.12.2009 |
01.01.200831.12.2008 |
201 1 |
2010 |
2009 |
2008 |
|
|
Average payables payment
period creditors (liabilities) x
days turnover |
168,01 * |
134,44 ■► |
123,04 * |
171,65 * |
127,67 |
1 16,45 |
1 16,87 |
109,20 |
|
Debt ratio total debt (liabilities)
total assets |
39,28 ■► |
37,49 ■► |
35,29 * |
47,66 ■► |
47,49 |
48,04 |
49,06 |
47,85 |
Ratio comparisons sheet (C.14.31.Z)
|
|
|
201 1 |
|
2010 |
2009 |
|
LIQUIDITY |
|
|
|||
|
Current ratio (CR) |
WORSE -24% |
|
BETTER +15% |
WORSE -8% |
|
|
Quick ratio (QR) |
WORSE -24% |
|
BETTER +30% |
WORSE -44% |
|
|
Cash Ratio |
WORSE -40% |
|
WORSE -68% |
WORSE -38% |
|
|
PROFITABILITY |
|
|
|||
|
Return on sale (ROS) |
WORSE -21% |
|
WORSE -41% |
WORSE -21% |
|
|
Return on assets (ROA) |
WORSE -44% |
|
WORSE -54% |
WORSE -35% |
|
|
Return on equity (ROE) |
WORSE -52% |
|
WORSE -61% |
WORSE -49% |
|
|
EFFECTIVNESS RATIOS |
|
|
|||
|
Debt collection period (days) |
BETTER -29% |
|
BETTER -45% |
BETTER -42% |
|
|
Stock turnover (days) |
BETTER-1% |
|
WORSE +6% |
WORSE +43% |
|
|
DEBT RATIOS |
|
|
|||
|
Average payables payment period |
WORSE +31% |
|
WORSE +15% |
WORSE +5% |
|
|
Debt ratio |
BETTER -17% |
|
BETTER-21% |
BETTER -28% |
|
Ratio- based trend comparison sheet (C.14.31.Z)
|
|
201 1 |
|
2010 |
2009 |
|
|
|
|
||||
|
LIQUIDITY |
|
|
|||
|
Current ratio (CR) |
WORSE -800% |
|
|
BETTER +780% |
WORSE -166% |
|
Quick ratio (QR) |
WORSE -361% |
|
BETTER +2266% |
WORSE -633% |
|
|
Cash Ratio |
BETTER +128% |
|
WORSE -1 1 1% |
WORSE -2000% |
|
|
PROFITABILITY |
|
|
|||
|
Return on sale (ROS) |
BETTER +420% |
|
WORSE -264% |
BETTER +900% |
|
|
Return on assets (ROA) |
BETTER +285% |
|
WORSE -304% |
BETTER +557% |
|
|
Return on equity (ROE) |
BETTER +488% |
|
WORSE -297% |
BETTER +517% |
|
|
EFFECTIVNESS RATIOS |
|
|
|||
|
Debt collection period (days) |
WORSE +7729% |
|
WORSE +2% |
BETTER -67% |
|
|
Stock turnover (days) |
BETTER -48% |
|
BETTER-1281% |
BETTER-2510% |
|
Sector ratios according to Central Statistical Office (GUS)
The above is based on simplifying assumption that the following means a "BETTER" result:
LIQUIDITY
Higher ratio value
-Current ratio (CR)
-Quick ratio (QR)
-Cash Ratio
PROFITABILITY
-Return on sale (ROS)
-Return on assets (ROA)
-Return on equity (ROE)
Lower Ratio Value
EFFECTIVNESS RATIOS
-Debt collection period (days)
-Stock turnover (days)
DEBT RATIOS
-Average payables payment period
-Debt ratio
|
Source of financial data |
Monitor Polski B |
Monitor Polski B |
Court |
Monitor Polski B |
|||||
|
Statement |
annual |
annual |
annual |
annual |
|||||
|
Personal balance sheet as at(ths.PLN) |
31.12.2011 |
share |
31.12.2010 |
share |
31.12.2009 |
share |
31.12.2008 |
share | |
|
|
-A. Fixed assets |
1 1 053 |
(59%) |
6 932 |
(41%) |
8 627 |
(56%) |
4 766 |
(27%) |
|
|
1. Intangible assets |
230 |
(1%) |
320 |
(2%) |
217 |
(1%) |
22 |
(0.1%) |
|
|
1. Costs of finished
development works |
9 |
1 1 |
(0.1%) |
|
|
||||
|
3. Other intangible
assets |
221 |
(1%) |
309 |
(2%) |
217 |
(1%) |
22 |
(0.1%) |
|
|
II. Tangible assets |
3 629 |
(20%) |
4 335 |
(26%) |
4 293 |
(28%) |
4 620 |
(26%) |
|
|
1. Fixed goods |
3 545 |
(19%) |
4 267 |
(25%) |
4 056 |
(26%) |
4 562 |
(26%) |
|
|
a) land |
533 |
533 |
533 |
533 |
|||||
|
b) buildings, premises,
facilities |
1 410 |
1 626 |
1 627 |
1 776 |
|||||
|
c) machinery and
equipment |
1 443 |
1 966 |
1 757 |
2 125 |
|||||
|
d) fleet of motor
vehicles |
|
|
|
53 |
|||||
|
e) other fixed goods |
159 |
142 |
138 |
75 |
|||||
|
2. Fixed goods under
construction |
84 |
(0.5%) |
69 |
(0.4%) |
156 |
(1%) |
58 |
(0.3%) |
|
|
3. Prepayments for fixed
goods under construction |
|
|
82 |
(0.5%) |
|
||||
|
IV. Long term investments |
7 091 |
(38%) |
2 232 |
(13%) |
4 100 |
(27%) |
|
||
|
3. Long term financial
assets |
7 091 |
(38%) |
2 232 |
(13%) |
4 100 |
(27%) |
|
||
|
a) in affiliated
companies |
7 091 |
|
|
|
|||||
|
- participations or
shares |
7 091 |
|
|
|
|||||
|
b) Other |
|
2 232 |
4 100 |
|
|||||
|
- granted loans |
|
2 232 |
4 100 |
|
|||||
|
V. Long-term prepayments
and accrued income |
102 |
(0.5%) |
45 |
(0.3%) |
17 |
(0.1%) |
124 |
(0.7%) |
|
|
1. Deferred tax assets |
102 |
(0.5%) |
45 |
(0.3%) |
17 |
(0.1%) |
124 |
(0.7%) |
|
|
-B. Current assets |
7 586 |
(41%) |
9 941 |
(59%) |
6 807 |
(44%) |
13 035 |
(73%) |
|
|
1. Stock |
3 632 |
(20%) |
3 426 |
(20%) |
4 399 |
(29%) |
7 385 |
(42%) |
|
|
1. Raw materials |
797 |
(4%) |
559 |
(3%) |
747 |
(5%) |
854 |
(5%) |
|
|
2. Semi-finished products
and work-in-progress |
339 |
(2%) |
316 |
(2%) |
276 |
(2%) |
802 |
(5%) |
|
|
3. Finished products |
2 150 |
(12%) |
2 169 |
(13%) |
2 796 |
(18%) |
4 761 |
(27%) |
|
|
4. Goods for re-sale |
47 |
(0.2%) |
127 |
(0.8%) |
431 |
(3%) |
846 |
(5%) |
|
|
5. Advance payments |
301 |
(2%) |
256 |
(2%) |
149 |
(1%) |
122 |
(0.7%) |
|
|
II. Short-term
receivables |
2 187 |
(12%) |
1 721 |
(10%) |
1 932 |
(13%) |
2 247 |
(13%) |
|
|
2. Other receivables |
2 187 |
(12%) |
1 721 |
(10%) |
1 932 |
(13%) |
2 247 |
(13%) |
|
|
a) Due to deliveries and services with payment
period: |
1 684 |
1 374 |
1 580 |
1 857 |
|||||
|
- up to 12 months |
1 684 |
1 374 |
1 580 |
1 857 |
|||||
|
b) Due to taxes, subsidies, insurances,
duties, etc |
189 |
44 |
94 |
260 |
|||||
|
c) Other |
313 |
302 |
258 |
129 |
|||||
|
III. Short term
investments |
1 645 |
(9%) |
4 591 |
(27%) |
356 |
(2%) |
3 190 |
(18%) |
|
|
1. Short-term financial
assets |
1 645 |
(9%) |
4 591 |
(27%) |
356 |
(2%) |
3 190 |
(18%) |
|
|
b) Other |
1 089 |
4 248 |
|
1 082 |
|
- granted loans |
1 089 |
4 248 |
|
1 082 |
|
c) cash and other liquid
assets |
556 |
343 |
356 |
2 108 |
|
- cash in hand and on bank account 556 |
316 |
328 |
|
|
|
- other liquid assets |
|
27 |
28 |
|
|
IV. Short-term
prepayments and accrued income |
122 (0.7%) |
202 (i%) |
12 1 (0.8%) |
213 (,%) |
|
-D. Total assets |
18 639 (ioo%) |
16 873 (ioo%) |
15 434 (ioo%) |
17 802 (ioo%) |
|
Statement |
annual |
|
annual |
|
annual |
|
annual | |
|
|
Personal balance sheet as at(ths.PLN) |
31.12.2011 |
share |
31.12.2010 |
share |
31.12.2009 |
share |
31.12.2008 |
share | |
|
-A. Shareholders' equity |
1 1 317 |
(61%) |
10 548 |
(63%) |
9 987 |
(65%) |
9 318 |
(52%) |
|
1. Basic share
capital |
4 158 |
(22%) |
4 158 |
(25%) |
4 158 |
(27%) |
4 158 |
(23%) |
|
IV. Statutory
reserve capital |
6 390 |
(34%) |
5 829 |
(35%) |
5 160 |
(33%) |
4 672 |
(26%) |
|
VIII. Net profit (loss) |
769 |
(4%) |
561 |
(3%) |
669 |
(4%) |
488 |
(3%) |
|
-B. Liabilities and reserves for
liabilities |
7 322 |
(39%) |
6 325 |
(38%) |
5 447 |
(35%) |
8 484 |
(48%) |
|
1. Reserves for liabilities |
229 |
(1%) |
174 |
(1%) |
188 |
(1%) |
52 |
(0.3%) |
|
1. Deferred income tax reserves |
229 |
(1%) |
174 |
(1%) |
106 |
(0.7%) |
52 |
(0.3%) |
|
3. Other reserves |
|
|
|
|
82 |
(0.5%) |
|
|
|
- short-term |
|
|
|
|
82 |
|
|
|
|
II. Long-term liabilities |
5 |
|
387 |
(2%) |
|
|
|
|
|
2. Other liabilities |
5 |
|
387 |
(2%) |
|
|
|
|
|
a) Loans |
5 |
|
387 |
|
|
|
|
|
|
III. Short-term
liabilities |
6 433 |
(35%) |
5 241 |
(31%) |
4 674 |
(30%) |
7 666 |
(43%) |
|
2. Other liabilities |
6 433 |
(35%) |
5 241 |
(31%) |
4 674 |
(30%) |
7 666 |
(43%) |
|
a) Loans |
3 642 |
|
2 795 |
|
2819 |
|
3 1 17 |
|
|
d)Due to deliveries and services with payment
period: |
1 849 |
|
1 423 |
|
1 530 |
|
3 447 |
|
|
- up to 12 months |
1 849 |
|
1 423 |
|
1 530 |
|
3 447 |
|
|
e) Advances received |
18 |
|
|
|
|
|
150 |
|
|
g) Due to taxes, subsidies, insurances,
duties, etc |
459 |
|
605 |
|
1 12 |
|
476 |
|
|
h) Due to salaries |
210 |
|
301 |
|
181 |
|
425 |
|
|
i) Other |
255 |
|
1 17 |
|
33 |
|
51 |
|
|
IV. Accruals and deferred
income |
656 |
(4%) |
524 |
(3%) |
584 |
(4%) |
766 |
(4%) |
|
2. Other accruals |
656 |
(4%) |
524 |
(3%) |
584 |
(4%) |
766 |
(4%) |
|
- long-term |
41 1 |
|
333 |
|
395 |
|
|
|
|
- short-term |
245 |
|
191 |
|
188 |
|
|
|
|
-D. Total liabilities |
18 639 |
(100%) |
16 873 |
(100%) |
15 434 |
(100%) |
17 802 |
(100%) |
|
Source of financial data |
Monitor Polski B |
Monitor Polski B |
Court |
|
Monitor Polski B |
||
|
Statement |
annual |
annual |
annual |
|
annual |
||
|
individual PROFIT AND LOSS ACCOUNT
(ths.PLN) |
01.01.201131.12.2011 |
y/y |
01.01.201031.12.2010 |
y/y |
01.01.200931.12.2009 |
y/y |
01.01.200831.12.2008 |
|
-A. Income from sales and similar |
13 983 |
(+1%) |
13 786 |
(+21%) |
1 1 426 |
(-39%) |
18 601 |
|
1. Net income on sales |
13 936 |
(0%) |
13 969 |
(+4%) |
13 485 |
(-10%) |
14 958 |
|
II. Change in value of stock ( +, -) |
-80 |
(-84%) |
-490 |
(-80%) |
-2 494 |
(-219%) |
2 099 |
|
III. Sales of goods for
own use |
88 |
(+87%) |
47 |
(-11%) |
53 |
(-66%) |
157 |
|
IV. Income from sales of goods and materials |
39 |
(-85%) |
259 |
(-32%) |
383 |
(-72%) |
1 387 |
|
-B. Operational costs |
13 225 |
(+2%) |
12 950 |
(+20%) |
10 766 |
(-41%) |
18 108 |
|
1. Depreciation |
932 |
(-2%) |
952 |
(+9%) |
874 |
(-3%) |
905 |
|
II. Materials and energy |
4 502 |
(0%) |
4 488 |
(+40%) |
3 210 |
(-45%) |
5 787 |
|
III. Third party
services |
2 885 |
(+45%) |
1 984 |
(+17%) |
1 689 |
(-12%) |
1 920 |
|
IV. Taxes and duties |
29 |
(-50%) |
58 |
(+4%) |
56 |
(-47%) |
105 |
|
V. Salaries and wages |
3 757 |
(-7%) |
4 022 |
(+12%) |
3 595 |
(-46%) |
6 661 |
|
VI. Social security |
673 |
(-15%) |
793 |
(+27%) |
626 |
(-43%) |
1 089 |
|
VII. Other |
401 |
(+17%) |
344 |
(+11%) |
309 |
(-25%) |
413 |
|
Vlll.Costs of goods
and materials sold |
46 |
(-85%) |
308 |
(-24%) |
407 |
(-67%) |
1 229 |
|
-C. Profit on sale |
758 |
(-9%) |
836 |
(+27%) |
660 |
(+34%) |
493 |
|
-D. Other operating incomes |
535 |
(+109%) |
256 |
(-12%) |
291 |
(-38%) |
473 |
|
1. Incomes from disposal non-financial
assets |
17 |
|
10 |
|
49 |
||
|
II. Subsidies |
423 |
(+119%) |
193 |
(+5%) |
184 |
(-47%) |
344 |
|
III. Other
operating incomes |
95 |
(+53%) |
62 |
(-36%) |
97 |
(+20%) |
81 |
|
-E. Other operating costs |
186 |
(+48%) |
126 |
(-8%) |
137 |
(-41%) |
234 |
|
II. Goodwill revaluation |
|
|
0 |
|
13 |
||
|
III. Other
operating costs |
186 |
(+48%) |
126 |
(-8%) |
137 |
(-38%) |
221 |
|
-F. Profit on operating activities |
1 107 |
(+15%) |
966 |
(+19%) |
813 |
(+11%) |
732 |
|
-G. Financial incomes |
408 |
(+65%) |
248 |
(-30%) |
356 |
(-5%) |
374 |
|
II. Interest received |
408 |
(+106%) |
198 |
(-44%) |
356 |
(+111%) |
169 |
|
V. Other |
|
50 |
205 |
||||
|
-H. Financial costs |
509 |
(+17%) |
436 |
(+35%) |
324 |
(-30%) |
462 |
|
1. Interest |
407 |
(+48%) |
275 |
(+21%) |
227 |
(-36%) |
357 |
|
IV. Other |
103 |
(-36%) |
161 |
(+66%) |
97 |
(-8%) |
105 |
|
-1. Profit on economic activity |
1 006 |
(+29%) |
778 |
(-8%) |
845 |
(+31%) |
644 |
|
-K. Gross profit |
1 006 |
(+29%) |
778 |
(-8%) |
845 |
(+31%) |
644 |
|
-L. Corporation tax |
237 |
(+9%) |
217 |
(+23%) |
176 |
(+2%) |
173 |
|
-M. Other statutory charges |
|
|
-18 |
||||
|
-N. Net profit |
769 |
(+37%) |
561 |
(-16%) |
669 |
(+37%) |
488 |
Balance sheet as
at 31.12.2011
Janina Świecimska Biuro Rachunkowe Biegłego Rewidenta, ul. Łaskowice 139, 93-469 Łódź No. 1128
Balance sheet as
at 31.12.2010
Janina Świecimska Biuro Rachunkowe Biegłego Rewidenta, ul. Łaskowice 139, 93-469 Łódź No. 1128
Expert auditor mgr Janina Świecimska No. 4715/4064
Balance sheet as
at 31.12.2008
Janina Świecimska Biuro Rachunkowe Biegłego Rewidenta, ul. Łaskowice 139, 93-469 Łódź No. 1128
Expert auditor mgr Janina Świecimska No. 4715/4064
Remarks
In the court files, no financial report for the last financial period. According to paragraph 53 point 1 of Ustawa o Rachunkowości (resolution about accountancy) year financial report of the company should be approved by approval body no longer than 6 months after the balance day. Within 14 days from approval, financial report should be submitted to the register court.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.80.89 |
|
Euro |
1 |
Rs.70.73 |
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.