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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
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Name : |
ŠUMER D.O.O. |
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Registered Office : |
Cesta v Celje 2, 3202 Ljubečna |
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Country : |
Slovenia |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.06.1993 |
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Com. Reg. No.: |
10556600 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
manufacturer of motor-car springs and equipment for the car industry, household appliance |
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No. of Employees : |
157 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
ŠUMER d.o.o.
Cesta v Celje 2,
3202 Ljubečna
Phone: 03 780 62 10
Telefax: 03 546 12 31
E-Mail: info@sumer.si
Web: www.sumer.si
Legal form d.o.o. - Limited liability company (Ltd.)
Established on 01/06/1993 - d.o.o. - Limited liability company (Ltd.)
last entry on 28.09.2011
the company Šumer Viljem s.p. was on 11.6.2007 erased from
the company register because of the transfer on the company ŠUMER d.o.o.,
all activity: manufacture, retail trade (store with techn.
products)
bar,tennis court, employees and real estates were transfered
to the company Šumer d.o.o.
Registered on 01/06/1993, Celje, Registration number: 10556600
Tax number: SI96791101
Company number: 5761379
Registered
EUR 2.266.316,00
capital
Owner Viljem Šumer EUR 2.262.983,08
Cesta v Celje 2, 3202 Ljubečna
Jožefa Šumer EUR 1.998,67
Cesta v Celje 2, 3202 Ljubečna
Uroš Šumer EUR 1.334,25
Cesta v Celje 2, 3202 Ljubečna
Manager Uroš Šumer
Cesta v Celje 2, 3202 Ljubečna
director
Jožefa Šumer
Cesta v Celje 2, 3202 Ljubečna
confidential clerk
Viljem Šumer
Cesta v Celje 2, 3202 Ljubečna
confidential clerk
General data company activity:
manufacture of motor-car springs and equipment for the car
industry, household appliances,
retail trade of technical products, activity of sport -
tennis court, catering industry - bar
headquarters and business premises are located on the address
above
Main activity:
Manufacture of other fabricated metal products (25.99)
n.e.c. (NACE 2)
Export:
Austria
Italy
France
Netherlands
Czech Republic
Import:
Italy
Germany
Austria
Residence address:
Cesta v Celje 2, 3202 Ljubečna
Phone:
03 780 62 10
Telefax:
03 546 12 31
E-Mail:
Web:
Other
activities
Employees 2008 150 employees
2009 175 employees
2010 175 employees
2011 174 employees
2012 157 employees
Annual turnover 2007 Enterprise turnover EUR 11.501.986,-
2008 Enterprise turnover EUR 13.123.525,-
2009 Enterprise turnover EUR 13.028.078,-
2010 Enterprise turnover EUR 15.087.102,-
2011 Enterprise turnover EUR 15.968.441,-
Property Company's property: Business premises
per 31.12.2011
3202 Ljubečna, Cesta v Celje 2
Book value: 2.398.962,- EUR (Official source)
Remarks company name:
ŠUMER podjetje za proizvodnjo, trgovino in storitve d.o.o.
linked companies are Ulint d.o.o.(company nu.3567508), Zlati
grič d.o.o.
(company nu.5102049) and Usol d.o.o.(company nu.3668355)
balance sheet per 31.12.2012 is not yet available
Interests Uroš Šumer:
USOL d.o.o. (Statistical number: Owner
3668355)
USOL d.o.o. (Statistical number: Manager
3668355)
Bank relations NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA:
Central address: SI Trg republike 2, 1520 Ljubljana
Account number: SI56 022340256231659
PROBANKA d.d.:
Central address: SI Trg Leona Štuklja 12, 2000 Maribor
Account number: SI56 251009724439114
SBERBANK d.d.:
Central address: SI Dunajska cesta 128a, 1000 Ljubljana
Account number: SI56 300000006402812
Account number: SI56 300000106402828
HYPO ALPE-ADRIA-BANK d.d.:
Central address: SI Dunajska cesta 117, 1000 Ljubljana
Account number: SI56 3300 0000 5387 177
Company Constant
development
Terms of Mostly within agrees terms, but partly also
payment delayed
Business Business connection are premissible
connection
A. The enclosed balance of 2011 is originated from official source, it is not
authenticated by the auditor. (31.12.2011 - 1 EUR)
B. The enclosed balance of 2010 is originated from official source, it is not
authenticated by the auditor. (31.12.2010 - 1 EUR)
C. The enclosed balance of 2009 is the company's own report, it is not authenticated by the auditor. (31.12.2009 - 1 EUR)
D. The enclosed balance of 2008 is originated from official source, it is authenticated by the auditor . (31.12.2008 - 1 EUR)
Balance sheet A B C
D
31.12.2011 31.12.2010
31.12.2009 31.12.2008
ASSETS (AKTIVA) 15.221.045 14.262.043
12.288.567 9.986.711
LONG-TERM
ASSETS 8.740.491 7.064.591
5.913.536 5.905.716
Intangible assets
and 28.220 35.711 43.298 58.479
long-term deferred
costs
and accrued
revenues
Intangible
assets 28.220 35.711 43.298 58.479
Long-term deferred
costs 0 0 0 0
and accrued
revenues
Tangible fixed
assets 4.620.376 4.883.994
5.078.513 4.998.238
Long-term
financial
2.144.886 791.725 848.999
investments and
Real
estate
investments
Investment
property 691.895 744.886
791.725 848.999
Long-term
financial 3.400.000 1.400.000 0 0
investments
Long-term
operating 0 0
0 0
receivables
Deferred receivables
for 0 0 0 0
taxes
>SHORT-TERM
ASSETS >6.474.635 >7.164.194
>6.361.530 >4.057.416
Assets (group
for 0 0 0 0
estrange) for
sell
Inventories 1.351.295 1.462.711
1.607.581 1.786.790
Short-term
financial 1.809.293 2.335.229
1.842.424 628.913
investments
Short-term
operating 2.985.165 3.003.035
2.150.531 1.614.890
receivables
Cash assets 328.882 363.219
760.994 26.823
>Short-term
deferred >5.919 >33.258 >13.501 >23.579
costs and accrued
revenues
Off-balance sheet
items 0 4.939.676
2.668.403 2.049.195
>LIABILITIES >15.221.045 >14.262.043
>12.288.567 >9.986.711
>CAPITAL >6.268.079 >5.690.582
>5.155.122 >4.619.464
Called-up
capital 2.266.316 2.266.316
2.266.316 2.266.316
Basic (subscribed)
capital 2.266.316 2.266.316
2.266.316 2.266.316
Non called-up
capital 0 0 0 0
(deductive
item)
Capital reserves 1.265.346 1.265.346
1.265.346 1.265.346
Reserves from
profit 228.880 228.880
228.880 228.880
Surplus from revaluation 0 0 0 0
Retained net 1.930.041 1.394.580
858.922 618.683
Net business result
for 577.496 535.460
535.658 240.239
the business
year
>PROVISIONS AND
LONG-TERM >2.320.356 >1.403.583 >943.587 >668.560
ACCRUED COSTS
AND
DEFERRED
REVENUES
>FINANCIAL AND
BUSINESS
>7.167.878 >6.190.211 >4.698.687
LIABILITIES
LONG-TERM
LIABILITIES 1.345.166 1.655.162
1.793.607 1.158.162
Long-term
financial 1.286.420 1.590.980
1.793.607 1.023.000
liabilities
Long-term
operating 0 0 0 0
liabilities
Deferred liabilities
for 58.746 64.182 0
135.162
taxes
>SHORT-TERM
LIABILITIES >5.287.444 >5.512.716
>4.396.604 >3.540.525
Liabilities,
included in 0 0 0 0
groups for
estrange
Short-term
financial 1.119.053 1.000.270
949.656 800.315
liabilities
Short-term
operating 4.168.391 4.512.446
3.446.948 2.740.210
liabilities
SHORT-TERM ACCRUED
COSTS 0 0 -353
0
AND DEFERRED
REVENUES
Off-balance sheet
items 0 4.939.676
2.668.403 2.049.195
A. The enclosed
profit and loss account of 2011 is originated from official
source, it is not
authenticated by the auditor. (31.12.2011 - 1 EUR)
B. The enclosed
profit and loss account of 2010 is originated from official
source, it is not
authenticated by the auditor. (31.12.2010 - 1 EUR)
C. The enclosed
profit and loss account of 2009 is the company's own report, it is not
authenticated by the auditor. (31.12.2009 - 1 EUR)
D. The enclosed
profit and loss account of 2008 is originated from official source, it is
authenticated by the auditor . (31.12.2008 - 1 EUR)
profit and loss account A B C D
31.12.2011 31.12.2010
31.12.2009 31.12.2008
>Net sales >15.578.438 >14.353.192
>12.328.792 >11.770.674
>Changes in the
value of >-5.802 >7.751 >876 >11.418
inventories of
products
and
work-in-process
>Capitalised own
products >0 >0 >0
and own
services
>Other operating
revenues >52.780 >454.649 >490.783 >586.238
(with
subventions,
grants,...)
>GROSS OPERATING
YIELD >15.625.416 >12.820.451
>Cost of goods,
material >9.382.215 >7.648.249
>6.685.153 >7.214.019
and services
Purchase value of
goods 7.334.952 5.930.019
5.110.780 5.154.685
and materials sold
and
cost of material and
cost
of material
used
Cost of
services 2.047.263 1.718.230
1.574.373 2.059.334
>Labour cost >2.862.151 >3.631.099
>2.643.174 >2.628.767
Cost of wages 2.045.855 2.816.164
1.883.207 1.891.690
Cost of pension
insurance 533.884 282.220 280.323
Cost of other
social 282.412 477.361
insurance
Other labour
cost 0 337.574
477.747 456.754
>Write-offs >1.620.099 >2.103.874
>2.293.817 >2.659.349
Depreciation 977.300 1.270.111
1.582.294 1.578.942
Revaluation
operating 0 4.515 309.425
expenses for
non-tangible
assets and tangible
fixed
assets
Revaluation
operating 642.799 829.248 770.982
expenses for
current
assets
Other operating
expenses 1.027.201 656.103
293.023 38.232
OPERATING
REVENUES
>OPERATING
EXPENSES
>OPERATING
RESULT
>EBIT >733.750 >704.371 >-172.037
Financial income
from 0 0 0 0
investments in other
enterprises
Financial income
from 0 101.046 23.968 8.724
loans
Financial income
from 0 13.273
126.767 78.090
operating
receivables
Financial expenses
from 0 0 0 0
depreciation and
write-
offs of
financial
investments
Financial expenses
from 59.071 259.564 87.405
159.170
financial
liabilities
Financial expenses
from 195.280 10.323 82.295 64.561
operating
liabilities
Financial
income 178.593 150.735 86.814
Financial
expenses 254.351 358.622 223.731
Other revenues 164.432 157.191 56.892
668.381
Other expenses 0 0 16.720 306
Total revenues
12.976.743 13.123.525
>Total costs
>12.239.175 >12.764.404
Total business
result 822.424 737.568 359.121
>Tax on
profit >250.364 >261.064 >254.256 >264.957
Deferred taxs -5.436 -18.634 0
-146.075
Net business result
for 577.496 535.460
483.313 240.239
the accounting
period
Ratios 2008 2009
2010 2011
Equity ratio 0,23 0,18
0,16 0,15
Cleared equity ratio 0,23
0,18 0,16 0,15
Current liquidity 1,15 1,45
1,3 1,22
Quick liquidity 0,64 1,08
1,03 0,97
Working capital 516891 1964926 1651478 1187191
Gearing 4,41 5,42
6,29 6,72
Cleared gearing 0,8 1,21
1,14 1,06
Profitability 2,74 5,68
n/a n/a
Operating profitability 1,83
3,72 n/a n/a
Stock days 49,7 45,22
n/a n/a
Debtor days 44,91 60,49
n/a n/a
Supplier days 76,21 96,95
n/a n/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.81.74 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.