MIRA INFORM REPORT
|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SEVINA-LTD EOOD |
|
|
|
|
Registered Office : |
J.K. Darvenitsa,
Beli Mel 6-A 15 1756 Sofia |
|
|
|
|
Country : |
Bulgaria |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
2000 |
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|
|
|
Legal Form : |
Sole Proprietor Limited Liability Company
(EOOD) |
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|
|
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Line of Business : |
Wholesale of textiles |
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|
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No. of Employees : |
5 |
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) |
|
Bulgaria |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BULGARIA - ECONOMIC OVERVIEW
Bulgaria, a former Communist country that entered the EU on
1 January 2007, averaged more than 6% annual growth from 2004 to 2008, driven by
significant amounts of bank lending, consumption, and foreign direct
investment. Successive governments have demonstrated a commitment to economic
reforms and responsible fiscal planning, but the global downturn sharply
reduced domestic demand, exports, capital inflows, and industrial production.
GDP contracted by 5.5% in 2009, stagnated in 2010, despite a significant
recovery in exports, and grew approximately 2.2% in 2011. Despite having a
favorable investment regime, including low, flat corporate income taxes,
significant challenges remain. Corruption in public administration, a weak
judiciary, and the presence of organized crime continue to hamper the country's
investment climate and economic prospects.
Source
: CIA
COMPANY DETAILS
Local name: SEVINA-LTD EOOD
International name: SEVINA-LTD
Registered address:
J.K. DARVENITSA,
BELI MEL 6-A 15
1756 SOFIA
Bulgaria
Telephone: +359 887 687936; +359 887 415537; +359 2/ 8090287; +359 46 661382
ESTABLISHMENT & REGISTRATION:
Established: 2000
Registered at Sofia town court
Court number 8928/2000
Bulstat/VAT number: 831609320
LEGAL FORM:
Sole Proprietor Limited Liability Company (EOOD)
REGISTERED CAPITAL:
BGN 5 000.00
SHAREHOLDERS/MANAGEMENT
SHAREHOLDERS:
MYUNYUR HAKCHAN
ID 4809186340, Function: Sole proprietor,
Nationality: Turkey
Share: 100,00%
MANAGEMENT:
ZEKERIYA TABAK (Personal ID 721206) - Manager
MYUNYUR HAKCHAN (Personal ID 4809186340) -
Manager
RELATED COMPANIES
|
Company ID |
Company Name |
|
128617407 |
PRIMATEKS OOD |
BUSINESS ACTIVITY
BUSINESS OPERATION:
NACE 1.1: 51.41 Wholesale of textiles
NUMBER OF EMPLOYEES:
|
As at date |
Value |
|
31.12.2006 |
13 |
|
31.12.2007 |
21 |
|
31.12.2008 |
23 |
|
31.12.2009 |
18 |
|
31.12.2010 |
7 |
|
31.12.2011 |
8 |
|
Latest stand |
5 |
EXPORT:
None
IMPORT:
EU, Turkey
REAL ESTATE:
Own premises.
FINANCIAL DATA
TURNOVER:
|
Year |
Currency |
Value |
|
2002 |
BGN |
1 636 000.00 |
|
2003 |
BGN |
2 072 000.00 |
|
2004 |
BGN |
2 518 000.00 |
|
2006 |
BGN |
2 668 000.00 |
|
2007 |
BGN |
3 585 000.00 |
|
2009 |
BGN |
2 817 000.00 |
|
2010 |
BGN |
2 178 000.00 |
|
2011 |
BGN |
3 723 000.00 |
MODES OF PAYMENT:
Payments are made within agreed terms.
DEBT COLLECTION:
No debt collection cases are registered against
the company.
BANK DISTRAINTS:
No shares of the company are under bank
distraint.
UNPAID TAXES/ CONTRIBUTIONS TO GOVERNMENT:
There is no publication about overdue unpaid
taxes.
INVOLVEMENT IN LEGAL DISPUTES:
There is no publication about legal claims or
disputes against the company.
OTHER PAYMENT INFORMATION:
No adverse payment information is available.
BRANCH INDICATOR:
The company's payment behaviour is average for
the branch.
Exchange rate since 1998 is 1 BGN (denominated
lev) = 0.51 EUR
|
Ratio |
2010 |
2011 |
|
Debt ratio |
0.56 |
0.53 |
|
Quick ratio |
0.77 |
0.28 |
|
Current ratio |
1.34 |
1.35 |
|
Days purchase in payables |
228.43 |
140.21 |
|
Operating margin in % |
5.37 |
5.94 |
|
Cash ratio (acid ratio) |
0.03 |
0.08 |
|
Return on sales ROS in % |
4.73 |
5.35 |
|
Return on assets ROA in % |
4.14 |
7.22 |
|
Return on equity ROE in % |
9.31 |
15.25 |
|
Days supply in inventory |
131.57 |
150.65 |
|
Days sales in receivables |
169.26 |
27.75 |
|
BALANCE SHEET in BGN'000 |
2010 |
2011 |
|
Accounting period: |
1.1.2010 - |
1.1.2011 - |
|
Fixed assets |
631 |
793 |
|
Tangible assets |
584 |
523 |
|
Intangible assets |
|
|
|
Long-term investments |
|
|
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Goodwill |
|
|
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Prepaid expenses, deferred income, similar
accounts |
47 |
270 |
|
Current assets |
1857 |
1962 |
|
Inventory |
796 |
1558 |
|
Short-term receivables |
1024 |
287 |
|
Short-term investments |
|
|
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Liquid assets |
37 |
117 |
|
Prepaid expenses |
|
|
|
Total Assets |
2488 |
2755 |
|
Equity capital |
1106 |
1305 |
|
Subscribed and paid capital |
5 |
5 |
|
Reserves |
642 |
642 |
|
Profit or loss carried forward |
356 |
459 |
|
Profit of the year |
103 |
199 |
|
Loss of the year |
|
|
|
Long-term liabilities |
|
|
|
Short-term liabilities |
1382 |
1450 |
|
P&L ACCOUNT in BGN'000 |
2010 |
2011 |
|
Accounting period: |
1.1.2010 - |
1.1.2011 - |
|
Total operating expenses |
1945 |
3456 |
|
Financial expenditures |
116 |
46 |
|
Extraordinary expenses |
|
|
|
Profit before taxation |
117 |
221 |
|
Taxes |
14 |
22 |
|
Profit after taxation |
103 |
199 |
|
Total operating income |
2178 |
3723 |
|
Financial income |
|
|
|
Extraordinary income |
|
|
|
Loss after taxation |
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.