MIRA INFORM REPORT

 

 

Report Date :

15.03.2013

 

IDENTIFICATION DETAILS

 

Name :

CINKARNA CELJE, D.D.

 

 

Registered Office :

Kidričeva ulica  26, 3000 Celje

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

01.01.1874

 

 

Com. Reg. No.:

10040200         

 

 

Legal Form :

Joined stocked Company                            

 

 

Line of Business :

manufacturer of chemical substances                            

 

 

No. of Employees :

1056 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 :

Good

 

 

Payment Behaviour :

Regular 

 

 

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)

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 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, exceeding 12% in 2012.

 

Source : CIA

 

Company name & address

 

CINKARNA Celje, d.d.                   

 

Kidričeva ulica  26,

3000 Celje

Phone:              03 427 60 00

Telefax:                         03 427 61 06

E-Mail:              info@cinkarna.si

Web:                www.cinkarna.si

 

 

Company summary

 

Legal form      Joined stocked Company                                                         

 

Established on  25/03/1975 - Joined stocked

1874 -    last entry on 12.11.2012                                        

 

Registered on   04/02/1997, Celje,

 

Registration number: 10040200               

                                                                              

Tax number: SI15280373                                         

 

Company number: 5042801                                        

 

Registered                                         EUR       20.396.244,37    

capital                                                                        

 

Head             small shareholders                                     %                 39,58    

 

shareholders                                                                   

                Modra zavarovalnica d.d.                                  %                 20,01    

                (Statistical number: 6031226)                                   

                Dunajska cesta 119, 1000 Ljubljana                             

                ZVON ENA HOLDING d.d. - V STEČAJU         %                 15,72    

                (Statistical number: 1853732)                                   

                Slovenska ulica 17, 2000 Maribor                               

                NFD 1 delniški podsklad                                  %                 13,28    

                (Statistical number: 1294253)                                  

                Trdinova 4, 1000 Ljubljana                                     

                Slovenska odškodninska družba d.d.                %                 11,41    

                (Statistical number: 5727847)                                  

                MALA ULICA 5, 1000 LJUBLJANA                                   

                (stand per 10.3.2013)                                          


Board of        Tomaž Benčina                                                  

Directors       Sorčanova ulica 1, 3000 Celje                                  

                chairman of the board                                          

                Jurij Vengust                                                  

                Ulica Frankolovskih žrtev 20, 3000 Celje                       

                Board member                                                   

                Nikolaja Podgoršek Selič                                       

                Razgledna ulica 8, 3220 Štore                                   

                Board member                                                   

                (stand per 12.3.2013)                                          

 

Supervisory     Barbara Gorjup                                                  

Board           Grilčeva ulica 32, 5280 Idrija                                 

                member of the supervisory board                                

                Dušan Mestinšek                                                 

                Pod Lipami 12, 3000 Celje                                      

                member of the supervisory board                                

                Jožica Tominc                                                  

                Vas 30, 1360 Vrhnika                                           

                member of the supervisory board                                

                Matjaž Janša                                                   

                Primožičeva ulica 34, 1231 Ljubljana-Črnuče                    

                member of the supervisory board                                

                Milan Medved                                                   

                Jerihova cesta 5a, 3320 Velenje                                

                chairman of the supervisory board                              

                (stand per 12.3.2013)                                          

Other          

activities     

General data    company activity:                                              

                manufacture of chemical substances                             

                                                                               

                 basic chemistry, extraction and processing of tin,            

                                                                               

                 Manufacture of paints, graphic products,                      

                                                                                

                 Wholesale and retail trade                                    

                                                                             

                 Headquarters and business-production premises are located on  

                the address above                                              

                business premises are also in Mozirje, Ljubija 11              

                Main activity:                                                  

                Manufacture of dyes and pigments (NACE 2)             

                Export:                                                        

                European Union                                                 

                Import:                                                        

                European Union                                                 

                Norway                                                         

                Mosambik                                                       

                                                                               

               


Residence address:                                             

                Kidričeva ulica  26, 3000 Celje                                

                Phone:                                                         

                03 427 60 00                                                   

                Telefax:                                                        

                03 427 61 06                                                   

                E-Mail:                                                        

                info@cinkarna.si                                                 

                Web:                                                           

                www.cinkarna.si                                                  

 

Employees       2008    1113 employees                                         

                2009    1079 employees                                         

                2010    1053 employees                                          

                2011    1064 employees                                         

                2012    1056 employees                                         

 

Annual turnover 2007            Enterprise turnover EUR       164.039.294,-     

                2008            Enterprise turnover EUR       139.332.774,-    

                2009            Enterprise turnover EUR       129.558.236,-    

                2010            Enterprise turnover EUR       156.070.112,-    

                2011            Enterprise turnover EUR       196.493.925,-    

                2012            Enterprise turnover EUR       179.305.172,-    

 

Property        Company's property: Land                                       

                 per 31.12.2012                                                

                SI-Celje                                                       

                Book value: 8.642.171,- EUR (Official source)                  

                                                                                

                Company's                                                      

                property: Buildings                                            

                                                                                

                 per 31.12.2012                                                

                SI-Celje                                                       

                Book value: 45.995.866,- EUR (Official source)                 

                                                                               

                Company's property: Business premises                                   

                                                                                

                SI-3000 Celje, Kidričeva ulica 26                              

Remarks         full name of company:                                          

                CINKARNA Metalurško-kemična industrija Celje, d.d.              

                Representation in Beograd-serbia                               

                participation in capital:                                      

                Cinkarna-Kvarc, d.o.o., Tuzla , BIH (100% share)               

Interests       Barbara Gorjup:                                                

                POŠTA SLOVENIJE d.o.o.              Supervisory Board          

                (Statistical number: 5881447)                                  

                CINKARNA Celje, d.d. (Statistical number: 5042801):            

                BANKA CELJE d.d. (Statistical       Head shareholders   1,23%  

                number: 5026121)                                               

                Milan Medved:                                                   

                DARS d.d. (Statistical number:      Supervisory Board          

                5814251)                                                       

                PREMOGOVNIK VELENJE, d.d.           Board of Directors         

                (Statistical number: 5040361)                                  

                Modra zavarovalnica d.d.  (Statistical number: 6031226):       

                CIMOS d.d. (Statistical number:     Head shareholders   21,39% 

                5040302)                                                       

                ELAN, d.o.o. (Statistical number:   Owner                      

                1304836)                                                        

                HELIOS Domžale, d.d. (Statistical   Head shareholders   8,31%  

                number: 5043158)                                               

                ISKRA AVTOELEKTRIKA d.d.            Head shareholders   14,2%  

                (Statistical number: 5045410)                                  

                JUTEKS, d.d. (Statistical number:   Head shareholders          

                5037590)                                                       

                ŽITO, d.d. (Statistical number:     Head shareholders   14,97% 

                5391814)                                                       

                NFD 1 delniški podsklad (Statistical number: 1294253):         

                ABANKA d.d. (Statistical number:    Head shareholders   1,47%  

                5026024)                                                       

                ALPETOUR - POTOVALNA AGENCIJA,      Head shareholders   11,83% 

                d.d. (Statistical number: 5097053)                             

                ATOMSKE TOPLICE d.d. (Statistical   Head shareholders   4,79%  

                number: 5090822)                                               

                BETI d.d. (Statistical number:      Head shareholders   10,4%  

                5043794)                                                       

                GORENJE, d.d.  (Statistical         Head shareholders   6,26%  

                number: 5163676)                                                

                HOTELI BERNARDIN, d.d. Portorož     Head shareholders   5,92%  

                (Statistical number: 5004837)                                  

                INTEREUROPA d.d.  (Statistical      Head shareholders   3,85%  

                number: 5001684)                                               

                Intertrade ITS, d.d. (Statistical   Head shareholders   5,3%   

                number: 5001765)                                               

                JUTEKS, d.d. (Statistical number:   Head shareholders   2,91%  

                5037590)                                                       

                NOVA KBM d.d. (Statistical number:  Head shareholders   2,39%  

                5860580)                                                        

                PETROL d.d., Ljubljana              Head shareholders   2,45%  

                (Statistical number: 5025796)                                  

                Pivovarna Laško, d.d. (Statistical  Head shareholders   5,07%  

                number: 5049318)                                               

                Sava Re d.d. (Statistical number:   Head shareholders   2,2%   

                5063825)                                                        

                Svilanit d.d. Kamnik                Head shareholders   10,07% 

                ZAVAROVALNICA TRIGLAV, d.d.         Head shareholders   0,96%  

                (Statistical number: 5063345)                                   

                ZVON ENA HOLDING d.d. - V STEČAJU   Head shareholders   4,78%  

                (Statistical number: 1853732)                                  

                Slovenska odškodninska družba d.d. (Statistical number:         

                5727847):                                                      

                A1 d.d. (Statistical number:        Head shareholders   10%    

                5913187)                                                       

                ABANKA d.d. (Statistical number:    Head shareholders   2,24%  

                5026024)                                                       

                AERODROM LJUBLJANA, D.D.            Head shareholders   13,37% 

                (Statistical number: 5142768)                                  

                ALPEMETAL d.o.o. Ljubljana          Owner                      

                (Statistical number: 5145058)                                  

                ALPETOUR-BANDAG, d.d. (Statistical  Head shareholders   10%    

                number: 5144540)                                               

                ATOMSKE TOPLICE d.d. (Statistical   Head shareholders   4,79%  

                number: 5090822)                                                

                AVTONABAVA d.d. (Statistical        Head shareholders   10%    

                number: 5003687)                                               

                Bača d.d. Podbrdo (Statistical      Head shareholders   10%    

                number: 5034221)                                               

                BANKA CELJE d.d. (Statistical       Head shareholders   6,71%  

                number: 5026121)                                                

                BEGRAD d.d. NOVO MESTO              Head shareholders   6,7%   

                (Statistical number: 5062381)                                  

                BTC TERMINAL SEŽANA d.d.            Head shareholders   9,9%   

                (Statistical number: 5107806)                                  

                Casino Portorož,  d.d.              Head shareholders   31,55% 

                (Statistical number: 5680859)                                  

                CETIS d.d.  (Statistical number:    Owner               7,47%  

                5042208)                                                       

                CETIS d.d.  (Statistical number:    Head shareholders   7,47%  

                5042208)                                                        

                ČZP VEČER d..d. (Statistical        Head shareholders   10%    

                number: 5048362)                                               

                DEKOR-KAMNOSEŠTVO d.o.o.            Owner                      

                (Statistical number: 5627591)                                  

                DROGA d.d. (Statistical number:     Head shareholders   8,82%  

                5048265)                                                        

                ELEKTROSIGNAL d.o.o. (Statistical   Owner                      

                number: 5145198)                                               

                Fotolik d.o.o. (Statistical         Owner                       

                number: 5144949)                                               

                GRADIS GP Jesenice d.d.             Head shareholders   9,53%  

                (Statistical number: 5074894)                                  

                Gradis Strojno prometne operative   Head shareholders   10%    

                d.d.                                                           

                GRAND INVEST d.d. (Statistical      Head shareholders          

                number: 5644593)                                               

                GROSIST GORICA d.d. (Statistical    Head shareholders   10%    

                number: 5001595)                                               

                GUMA d.d. (Statistical number:      Head shareholders   10%    

                5080681)                                                       

                HELIOS Domžale, d.d. (Statistical   Head shareholders   9,54%  

                number: 5043158)                                                

                HIT d.d. Nova Gorica (Statistical   Head shareholders   33,33% 

                number: 5232058)                                               

                HMEZAD AGRINA d.d. (Statistical     Head shareholders   10%    

                number: 5151031)                                               

                IBI Kranj                           Head shareholders   6,5%   

                IBN-JT d.d. - v stečaju             Head shareholders   10%    

                (Statistical number: 5005469)                                  

                IEVT d.d. (Statistical number:      Head shareholders   10%    

                5051665)                                                       

                IGM STREŠNIK d.d.  (Statistical     Head shareholders   10%    

                number: 5040108)                                               

                IMP CRPALKE d.d. (Statistical       Head shareholders   9%     

                number: 5226538)                                               

                INDE KOPER d.d. (Statistical        Head shareholders   10%    

                number: 5057027)                                               

                INDOS d.d. (Statistical number:     Head shareholders   9,8%   

                5034469)                                                       

                INLES TRGOVINA d.d. Ribnica         Head shareholders   4%     

                (Statistical number: 5039045)                                  

                INTEGRAL D.D. JESENICE              Head shareholders   10%    

                (Statistical number: 5069637)                                  

                INTEGRAL KUM d.d. (Statistical      Head shareholders   10%    

                number: 5448727)                                               

                INTEREUROPA d.d.  (Statistical      Head shareholders   6,01%  

                number: 5001684)                                                

                Intertrade ITS, d.d. (Statistical   Head shareholders   11,3%  

                number: 5001765)                                               

                INTES d.d. (Statistical number:     Head shareholders   10%     

                5102294)                                                       

                ISKRA AVTOELEKTRIKA d.d.            Head shareholders   7,08%  

                (Statistical number: 5045410)                                  

                JATA-REJA d.d. Ljubljana            Head shareholders   11%    

                (Statistical number: 5100267)                                  

                KEFO d.d. (Statistical number:      Head shareholders   10%    

                5000971)                                                       

                KMETIJSKI KOMBINAT PTUJ d.d.        Head shareholders   5,73%  

                (Statistical number: 5150167)                                  

                KOČNA d.d. (Statistical number:     Head shareholders   9%     

                5024684)                                                       

                KOPLAST PLASTICNI IZDELKI d.d.      Head shareholders   10%    

                (Statistical number: 5466148)                                   

                KOVINSKA BLED, d.d. (Statistical    Head shareholders   10%    

                number: 5072166)                                               

                KRKA, d.d., Novo mesto              Head shareholders   15%    

                (Statistical number: 5043611)                                  

                Lesnina Gramex d.d. (Statistical    Head shareholders   9,3%   

                number: 5000726)                                                

                LOTERIJA SLOVENIJE, d.d.            Head shareholders   15%    

                (Statistical number: 5022053)                                  

                LUKA KOPER, d.d. (Statistical       Head shareholders   11,13% 

                number: 5144353)                                               

                Mehanika Trbovlje d.d.              Head shareholders   10%    

                (Statistical number: 5033071)                                  

                MIK d.d. Prebold (Statistical       Head shareholders   10%    

                number: 5067251)                                               

                MLM d.d. (Statistical number:       Head shareholders   2,28%  

                5035333)                                                        

                MONT d.d. (Statistical number:      Head shareholders   10%    

                5036402)                                                       

                NLB d.d. (Statistical number:       Head shareholders   4,07%  

                5860571)                                                       

                NOLIK d.d. (Statistical number:     Head shareholders   19,95% 

                5476135)                                                        

                NOVA KBM d.d. (Statistical number:  Head shareholders   3,2%   

                5860580)                                                       

                NOVA OPREMA d.d. (Statistical       Head shareholders   8,19%  

                number: 5039185)                                               

                OCM d.o.o. (Statistical number:     Owner                      

                5399297)                                                       

                PECA COMMERCE d.o.o. (Statistical   Owner                      

                number: 5167183)                                               

                PETROL d.d., Ljubljana              Head shareholders   19,75% 

                (Statistical number: 5025796)                                  

                PODJETJE VELO, TRGOVINA NA VELIKO   Head shareholders   10%    

                IN MALO d.d. (Statistical number:                              

                5105706)                                                        

                Pohištvo Čepovan d.d. (Statistical  Head shareholders   10%    

                number: 5038561)                                               

                POMURSKE MLEKARNE d.d.              Head shareholders   3,34%  

                (Statistical number: 5025087)                                  

                POSAVJE Trgovina d.d. Brezice       Head shareholders   10%    

                (Statistical number: 5028825)                                   

                PUV Celje d.d. (Statistical         Head shareholders   9,4%   

                number: 5624754)                                               

                Razvojni center Inženiringi Celje,  Owner                       

                d.o.o. (Statistical number:                                    

                5204925)                                                       

                RGS d.d. Ljubljana (Statistical     Head shareholders   10%    

                number: 5098688)                                               

                SALUS, Ljubljana, d.d.              Head shareholders   8,55%  

                (Statistical number: 5002796)                                  

                Sava Re d.d. (Statistical number:   Head shareholders   25%    

                5063825)                                                       

                SAVA, d.d. (Statistical number:     Head shareholders   11,06% 

                5111358)                                                        

                SGP Kograd - Igem d.d.              Head shareholders   10%    

                (Statistical number: 5077907)                                  

                SGP Tržič d.d. (Statistical         Head shareholders   10%    

                number: 5075521)                                               

                SLOVENIJALES d.d. (Statistical      Head shareholders   10,91% 

                number: 5005710)                                                

                SOLIDARNOST d.d. (Statistical       Head shareholders   10%    

                number: 5221668)                                               

                Špecerija Bled d.d. (Statistical    Head shareholders   9,71%  

                number: 5025222)                                               

                STTC d.d. (Statistical number:      Head shareholders   6%     

                5077079)                                                        

                SVEA, d.d., Zagorje ob Savi         Head shareholders   15,57% 

                (Statistical number: 5034167)                                  

                Svilanit d.d. Kamnik                Head shareholders   11%    

                Tapetdekor d.d.                     Head shareholders   10%    

                TEKSTILNA SENOZECE d.d.             Head shareholders   10%    

                (Statistical number: 5040175)                                  

                TELEKOM SLOVENIJE, d.d.             Head shareholders   4,25%  

                (Statistical number: 5014018)                                  

                TERME OLIMIA d.d. (Statistical      Head shareholders   4,79%  

                number: 5090822)                                                

                TLP d.o.o. -v stečaju (Statistical  Owner                      

                number: 5049385)                                               

                TOKO LINE d.d. (Statistical         Head shareholders   9,17%  

                number: 5500800)                                               

                TRELES Trebnje d.o.o. (Statistical  Owner                      

                number: 5143942)                                                

                URADNI LIST d.o.o.                  Head shareholders   1%     

                USNJE CELJE d.o.o. (Statistical     Owner                      

                number: 5035171)                                                

                VIPAVA 1894 d.d. (Statistical       Head shareholders   8,23%  

                number: 5150035)                                               

                ŽANA d.d.Žalec (Statistical         Head shareholders   9,93%  

                number: 5101662)                                               

                ZAVAROVALNICA TRIGLAV, d.d.         Head shareholders   28,07% 

                (Statistical number: 5063345)                                  

                Zdravilišče Moravci d.d.            Head shareholders   7,2%   

                (Statistical number: 5213622)                                  

                ŽITO, d.d. (Statistical number:     Head shareholders   12,26% 

                5391814)                                                        

                ZVON ENA HOLDING d.d. - V STEČAJU (Statistical number:         

                1853732):                                                      

                ABANKA d.d. (Statistical number:    Head shareholders   2,42%  

                5026024)                                                       

                BETI d.d. (Statistical number:      Head shareholders   20,19% 

                5043794)                                                        

                Frutarom Etol d.o.o. (Statistical   Head shareholders   4,48%  

                number: 5048869)                                               

                HOTELI BERNARDIN, d.d. Portorož     Head shareholders   9,36%  

                (Statistical number: 5004837)                                  

                ISKRA AVTOELEKTRIKA d.d.            Head shareholders   7,8%   

                (Statistical number: 5045410)                                  

                PETROL d.d., Ljubljana              Head shareholders   1,73%  

                (Statistical number: 5025796)                                  

                RRC d.d., Ljubljana (Statistical    Head shareholders   51,01% 

                number: 5114535)                                               

                STEKLARNA ROGAŠKA d.d.              Head shareholders   99,79% 

                (Statistical number: 5045657)                                  

                TERME DOBRNA d.d. (Statistical      Head shareholders   38,53% 

                number: 5053587)                                               

                ZVON DVA HOLDING, d.d. - v stečaju  Head shareholders   10,4%  

                (Statistical number: 1317121)                                  

Bank relations  NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA:                        

                Central address: SI Trg republike 2, 1520 Ljubljana            

                Account number: SI56 022340016355218                            

                                                                               

                ABANKA VIPA d.d.:                                              

                Central address: SI Slovenska cesta 58, 1517 Ljubljana         

                Account number: SI56 051008000012117                           

                                                                               

                BANKA CELJE d.d.:                                              

                Central address: SI Vodnikova 2, 3000 Celje                    

                Account number: SI56 060000062002505                           

                                                                               

                GORENJSKA BANKA d.d.:                                          

                Central address: SI Bleiweisova cesta 1, 4000 Kranj            

                Account number: SI56 070000001038184                           

                                                                                

                SKB BANKA d.d. LJUBLJANA:                                      

                Central address: SI Ajdovščina 4, 1513 Ljubljana               

                Account number: SI56 031181000899926                           

                                                                               

                BANKA SPARKASSE d.d.:                                          

                Central address: SI Cesta v Kleče 15, 1000 Ljubljana           

                Account number: SI56 340001012425836                           

Company         Constant                                                   

development                                                                     

Terms of        Within agreed terms                                       

payment                                                                        

Business        Business connection are premissible                        

connection                                                                      

 

A. The enclosed balance of 2012 is originated from official source, it is not  

authenticated by the auditor. (31.12.2012 - 1 EUR)                             

B. The enclosed balance of 2011 is originated from other source, it is         

authenticated by the auditor . (31.12.2011 - 1 EUR)                            

C. The enclosed balance of 2010 is originated from official source, it is      

authenticated by the auditor . (31.12.2010 - 1 EUR)                            

D. The enclosed balance of 2009 is originated from official source, it is      

authenticated by the auditor . (31.12.2009 - 1 EUR)                            

 

 

financial data

 

balance                              A           B           C           D

                            31.12.2012  31.12.2011  31.12.2010  31.12.2009

ASSETS (AKTIVA)            196.001.270 197.957.048 188.349.621 189.856.270

LONG-TERM ASSETS           120.069.551 128.454.476 130.174.725 134.532.513

Intangible assets and        3.366.893   3.460.071   3.558.723   2.522.929

long-term deferred costs                                                  

and accrued revenues                                                       

Intangible assets                        3.236.023   3.249.030   2.295.281

Long-term deferred costs                   224.048     309.693     227.648

and accrued revenues                                                      

Tangible fixed assets      112.261.119 118.082.556 120.357.369 125.900.307

Long-term financial                      3.722.032   4.595.124   4.847.492

investments and Real                                                      

estate investments                                                         

Investment property                              0           0           0

Long-term financial          2.264.949   3.722.032   4.595.124   4.847.492

investments                                                                

Long-term operating                  0     336.389           0           0

receivables                                                               

Deferred receivables for     2.176.590   2.853.428   1.663.509   1.261.785

taxes                                                                      

>SHORT-TERM ASSETS         >75.474.089 >69.330.999 >57.698.201 >54.089.461

Assets (group for                                0           0           0

estrange) for sell                                                         

Inventories                 35.716.739  31.041.782  21.084.028  20.946.307

Short-term financial             4.919      15.315      23.349      26.582

investments                                                                

Short-term operating        31.164.524  28.823.500  30.298.672  28.998.586

receivables                                                               

Cash assets                  8.587.907   9.450.402   6.292.152   4.117.986

>Short-term deferred          >457.630    >171.573    >476.695  >1.234.296

costs and accrued revenues                                                

Off-balance sheet items     21.540.375           0  77.329.447  82.566.565

>LIABILITIES               >196.001.270 >197.957.048 >188.349.621 >189.856.270

>CAPITAL                   >133.348.357 >127.512.332 >106.881.948 >98.763.564

Called-up capital           20.396.244  20.396.244  20.396.244  20.396.244

Basic (subscribed) capital  20.396.244  20.396.244  20.396.244  20.396.244

Non called-up capital                            0           0           0

(deductive item)                                                          

 Capital reserves           44.284.976  44.284.976  44.284.976  44.284.976

Reserves from profit        57.969.785  48.822.882  31.631.568  31.631.503

Surplus from revaluation        80.567     351.192   1.684.846   1.435.181

Retained net                 1.469.883     907.882           0           0

Net business result for      9.146.902  12.749.156   4.442.157   1.015.660

the business year                                                         

>PROVISIONS AND LONG-TERM  >28.377.001 >29.016.638 >16.906.893 >11.941.567

ACCRUED COSTS AND                                                         

DEFERRED REVENUES                                                         

>FINANCIAL AND BUSINESS                >40.421.016 >63.757.960 >78.544.839

LIABILITIES                                                               

LONG-TERM LIABILITIES        4.727.272   3.835.362  11.204.529  17.711.130

Long-term financial          4.727.272   3.763.636  10.795.453  17.170.494

liabilities                                                               

Long-term operating                  0           0           0      85.369

liabilities                                                               

Deferred liabilities for             0      71.726     409.076     455.267

taxes                                                                     

>SHORT-TERM LIABILITIES    >28.221.221 >36.585.654 >52.553.431 >60.833.709

Liabilities, included in                         0           0           0

groups for estrange                                                       

Short-term financial        14.933.123  17.374.251  36.510.283  48.072.954

liabilities                                                               

Short-term operating        13.288.098  19.211.403  16.043.148  12.760.755

liabilities                                                                

SHORT-TERM ACCRUED COSTS     1.327.419   1.007.062     802.820     606.300

AND DEFERRED REVENUES                                                     

Off-balance sheet items     21.540.375           0  77.329.447  82.566.565

A. The enclosed profit and loss account of 2012 is originated from official    

source, it is not authenticated by the auditor. (31.12.2012 - 1 EUR)           

B. The enclosed profit and loss account of 2011 is originated from other       

source, it is not authenticated by the auditor. (31.12.2011 - 1 EUR)           

C. The enclosed profit and loss account of 2010 is originated from official    

source, it is authenticated by the auditor . (31.12.2010 - 1 EUR)              

D. The enclosed profit and loss account of 2009 is originated from official    

source, it is authenticated by the auditor . (31.12.2009 - 1 EUR)              

profit and loss account              A           B           C           D

                            31.12.2012  31.12.2011  31.12.2010  31.12.2009

>CAPITAL                                                       >98.763.564

>Net sales                 >173.217.515 >184.067.759 >153.392.068 >129.576.268

>Changes in the value of    >1.697.923             >-1.962.112 >-4.945.450

inventories of products                                                   

and work-in-process                                                       

>Capitalised own products   >2.334.736              >2.602.591  >2.709.196

and own services                                                           

>Other operating revenues   >1.051.929              >1.055.437  >1.249.892

(with subventions,                                                        

grants,...)                                                                

>GROSS OPERATING YIELD                                                    

>Cost of goods, material   >110.216.226 >117.627.789 >99.118.365 >84.674.332

and services                                                              

Purchase value of goods     99.101.798  94.607.994  85.285.830  78.457.245

and materials sold and                                                    

cost of material and cost                                                 

of material used                                                           

Cost of services            11.114.428  23.019.795  13.832.535   6.217.087

>Labour cost               >29.641.741 >30.461.493 >28.448.143 >24.231.944

Cost of wages               21.596.590  21.400.938  20.964.152  18.761.426

Cost of pension insurance    1.706.416   2.486.001   2.316.683   1.968.153

Cost of other social         2.387.600   1.761.258   1.614.644   1.333.393

insurance                                                                 

Other labour cost            3.951.135   4.813.296   3.552.664   2.168.972

>Write-offs                >13.443.252 >13.194.877 >12.311.260 >14.067.861

Depreciation                12.511.246  12.307.093  11.983.886  12.085.174

Revaluation operating          519.158     148.208      22.540      16.041

expenses for non-tangible                                                 

assets and tangible fixed                                                 

assets                                                                     

Revaluation operating          412.848     739.576     304.834   1.966.646

expenses for current                                                      

assets                                                                    

Other operating expenses       916.360   1.335.286   1.468.463     965.859

OPERATING REVENUES                     187.446.914                        

>OPERATING EXPENSES                                                       

>OPERATING RESULT          >24.084.524                                     

>EBIT                                  >32.831.344                        

Financial income from           19.010      37.671      60.376     107.561

investments in other                                                       

enterprises                                                               

Financial income from          475.964     256.780     132.815     329.599

loans                                                                     

Financial income from          443.424     734.476     548.438     404.975

operating receivables                                                     

Financial expenses from      1.429.817         257   1.208.624      45.236

depreciation and write-                                                    

offs of financial                                                         

investments                                                               

Financial expenses from        868.158   1.451.125   2.326.566   4.185.693

financial liabilities                                                     

Financial expenses from        312.656     784.221     311.857     265.025

operating liabilities                                                     

Financial income                         1.028.927     741.629     842.135

Financial expenses                       2.235.603   3.847.047   4.495.954

Other revenues                  64.671      14.209     240.499     126.195

Other expenses                  22.662       7.169      22.407      80.471

Total revenues                         196.493.925 156.070.112 129.558.236

>Total costs                           >164.862.217 >145.215.685 >128.516.421

Total business result                   31.631.708  10.854.427   1.041.815

>Tax on profit              >3.487.726  >7.327.251  >2.478.758    >209.973

Deferred taxs                 -672.769  -1.193.856     508.645     183.818

Net business result for     18.293.805  25.498.313   8.884.314   1.015.660

the accounting period                                                      

                                                               

Ratios                                     2009    2010    2011    2012

                Equity ratio               0,11    0,11     0,1     0,1

                Cleared equity ratio        0,1     0,1     0,1     0,1

                Current liquidity          0,89     1,1     1,9    2,67

                Quick liquidity            0,54     0,7    1,05    1,41

                Working capital         -6744248 5144770 32745345 47252868

                Gearing                    9,31    9,23    9,71    9,61

                Cleared gearing            3,44    2,53    1,05    0,97

                Profitability               0,8    6,95    16,1     n/a

                Operating profitability    0,78    5,69   12,98     n/a

                Stock days                59,01   49,31   57,66     n/a

                Debtor days                81,7   70,86   53,54     n/a

                Supplier days             35,95   37,52   35,69     n/a


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.44

UK Pound

1

Rs.81.33

Euro

1

Rs.70.50

 

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%)

 

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.